Document:

EX-10.2

 Exhibit 10.2 

Calhoun Vision, Inc. 

2015 Equity Incentive Plan 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 Article 1. Establishment, Objectives, and Duration
	  	 	1	 
		
	 Article 2. Definitions
	  	 	1	 
		
	 Article 3. Administration
	  	 	5	 
		
	 Article 4. Shares Subject to the Plan and Maximum Awards
	  	 	5	 
		
	 Article 5. Eligibility and Participation
	  	 	7	 
		
	 Article 6. Stock Options
	  	 	7	 
		
	 Article 7. Stock Appreciation Rights
	  	 	9	 
		
	 Article 8. Restricted Stock and Stock Awards
	  	 	10	 
		
	 Article 9. Share Restrictions
	  	 	11	 
		
	 Article 10. Stock Units
	  	 	13	 
		
	 Article 11. Performance Measures
	  	 	14	 
		
	 Article 12. Rights of Participants
	  	 	15	 
		
	 Article 13. Termination of Service
	  	 	15	 
		
	 Article 14. Change in Control
	  	 	16	 
		
	 Article 15. Amendment, Modification, and Termination
	  	 	17	 
		
	 Article 16. Withholding
	  	 	17	 
		
	 Article 17. Successors
	  	 	17	 
		
	 Article 18. General Provisions
	  	 	17	 

 Article 1. Establishment, Objectives, and Duration 

1.1 Establishment of the Plan. Calhoun Vision, Inc., a California corporation, (the “Company”) hereby adopts the Calhoun
Vision, Inc. 2015 Equity Incentive Plan (the “Plan”), as set forth in this document. The Plan permits the grant of Incentive Stock Options, Nonqualified Stock Options, Stock Appreciation Rights, Restricted Stock, Stock Awards, Performance
Shares, Performance Share Units and Stock Units. Subject to approval by the Company’s shareholders, this Plan shall become effective upon the closing of the financing of the Series G Preferred Stock (the “Effective Date”). 

1.2 Purposes of the Plan. The purposes of this 2015 Equity Incentive Plan are to attract and retain the best available personnel for
positions of substantial responsibility, to provide additional incentive to Employees, Directors and Consultants and to promote the success of the Company’s business. 

1.3 Duration of the Plan. The Plan shall commence on the Effective Date and remain in effect, subject to the right of the Administrator
to amend or terminate the Plan at any time pursuant to Article 15 hereof, until all Shares subject to it shall have been purchased or acquired according to the Plan’s provisions. However, in no event may an Award be granted under the Plan on or
after April 30, 2025. 
 Article 2. Definitions 

Whenever used in this Plan, the following terms shall have the meanings set forth below, and when the meaning is intended, the initial letter
of the word shall be capitalized: “Administrator” means either the Board or a committee of two or more Board members to which the Board allocates administration of the Plan. For purposes of making Awards intended to qualify for the
Performance Based Exception under Code Section 162(m), to the extent required under Code Section 162(m), the Administrator shall be comprised solely of two or more individuals who are “outside directors,” as that term is defined
in Code Section 162(m) and the regulations thereunder. 
 “Award” means, individually or collectively, a grant under
this Plan of Incentive Stock Options, Nonqualified Stock Options, Performance Shares, Performance Share Units, Stock Appreciation Rights, Restricted Stock, Stock Grants or Stock Units. 

“Award Agreement” means a written or electronic agreement entered into by the Company and a Participant setting forth the
terms and provisions applicable to an Award. 
 “Board” or “Board of Directors” means the Board of
Directors of the Company.  
 “Cause” will exist if the Administrator determines that a Participant has engaged in
any of the following acts: (i) Participant’s willful failure substantially to perform his or her duties and responsibilities to the Company or deliberate violation of a Company policy; (ii) Participant’s commission of any act of
fraud, embezzlement, dishonesty or any other willful misconduct that has caused or is reasonably expected to result in material injury to the Company; (iii) unauthorized use or disclosure by Participant of any proprietary information or trade
secrets of the Company or any other party to whom the Participant owes an obligation of nondisclosure as 

  
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a result of his or her relationship with the Company; or (iv) Participant’s willful breach of any of his or her obligations under any written agreement or covenant with the Company. The
Administrator’s determination shall be made in good faith by the Company and shall be final and binding on the Participant. The foregoing definition does not in any way limit the Company’s ability to terminate a Participant’s
employment or consulting relationship at any time as provided in Section 12.1. For purposes of this definition, the term “Company” shall include any affiliate of the Company. 

“Change in Control” means (i) a sale of all or substantially all of the Company’s assets, (ii) any merger,
consolidation or other business combination transaction of the Company with or into another corporation, entity or person, other than a transaction in which the holders of at least a majority of the shares of voting capital stock of the Company
outstanding immediately prior to such transaction continue to hold (either by such shares remaining outstanding or by their being converted into shares of voting capital stock of the surviving entity) a majority of the total voting power represented
by the shares of voting capital stock of the Company (or the surviving entity) outstanding immediately after such transaction, (iii) the direct or indirect acquisition (including by way of a tender or exchange offer) by any person, or persons
acting as a group, of beneficial ownership or a right to acquire beneficial ownership of shares representing a majority of the voting power of the then outstanding shares of capital stock of the Company or (iv) a contested election of
Directors, as a result of which or in connection with which the persons who were Directors before such election or their nominees (the “Incumbent Directors”) cease to constitute a majority of the Board; provided however that if the
election or nomination for election by the Company’s shareholders, of any new Director was approved by a vote of at least 50% of the Incumbent Directors, such new Director shall be considered as an Incumbent Director. 

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

“Company” means Calhoun Vision, Inc., a California corporation, and any successor thereto as provided in Article 17 hereof.

 “Consultant” means a natural person (other than an Employee or Director) who provides bona fide services to the Company
or a Subsidiary, provided the 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 (within the meaning
of Rule 701(c)(1) issued under the Securities Act of 1933). However, “Consultant” shall not be so limited if the Administrator specifically determines that the term shall have a wider meaning in connection with a specific grant. 

“Covered Employee” means a Participant who is (a) defined as a “covered employee” in regulations promulgated
under Code Section 162(m) or any successor statute or (b) designated by the Administrator to be treated as a Covered Employee. 

“Director” means any individual who is a member of the Board of Directors of the Company; provided, however, that any
Director who is employed by the Company or a Subsidiary shall be considered an Employee for purposes of the Plan. 

“Disability” has the meaning given by Code Section 22(e)(3), i.e., the inability to engage in any substantial gainful
activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than twelve months. 

  
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 “Effective Date” has the meaning given in Section 1.1 hereof.
“Employee” means any employee of the Company or its Subsidiaries. 
 “Exchange Act” means the Securities
Exchange Act of 1934, as amended from time to time, or any successor act thereto. 
 “Fair Market Value” as of any date and
in respect of any Share means the then most recent closing price of a Share reported by the exchange or other trading system on which Shares are primarily traded or, if the Shares are not publicly traded, then the fair market value of Shares shall
be as determined by the Administrator using a reasonable valuation method that satisfies the requirements of Section 409A. In no event shall the fair market value of any Share be less than its par value (if any). 

“Fiscal Year” means the annual period with respect to which the Company reports for Federal income tax purposes. 

“Good Reason” means (a) requiring a Participant to provide his or her services to the Company in a location more than 50
miles from the current location of the primary offices of the Company without the Participant’s prior written consent, (b) a reduction of the Participant’s compensation or title without the Participant’s prior written consent or
(c) assigning duties to the Participant not commensurate with the Participant’s title without the Participant’s prior written consent. 

“Incentive Stock Option” or “ISO” means an “incentive stock option” within the meaning of Code
Section 422.  
 “Insider” means an individual who is, on the relevant date, an executive officer, director or
ten percent (10%) beneficial owner of any class of the Company’s equity securities that is registered pursuant to Section 12 of the Exchange Act, all as defined under Section 16 and Rule 13d-3 of the Exchange Act. 

“Nonqualified Stock Option” or “NQSO” means an option that is not an Incentive Stock Option. 

“Option” means an option granted pursuant to Article 6. 

“Option Agreement” means an agreement between the Participant and the Company evidencing the terms of an Option. 

“Option Price” means the price at which a Share may be purchased by a Participant pursuant to an Option. 

“Participant” means an Employee, Director or Consultant who has been selected to receive an Award or who has an outstanding
Award granted under the Plan. 

  
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 “Performance-Based Exception” means the performance-based exception from
the tax deductibility limitations of Code Section 162(m). 
 “Performance Shares” are shares of Restricted Stock that
are forfeitable unless pre-established performance goals are met within a set performance period. Article 11 lists the available performance measures. 

“Performance Share Units” are Stock Units that are subject to performance goals. Article 11 lists the available performance
measures. 
 “Period of Restriction” means the period during which the transfer of Shares of Restricted Stock is not
permitted (based on the passage of time, the achievement of performance goals, or upon the occurrence of other events as determined by the Administrator, at its discretion), and the Shares are subject to a substantial risk of forfeiture, pursuant to
the Restricted Stock Award Agreement, as provided in Article 8 hereof. 
 “Person” shall have the meaning ascribed to such
term in Section 3(a)(9) of the Exchange Act and used in Sections 13(d) and 14(d) of the Exchange Act, including a “group” as defined in Section 13(d) of the Exchange Act. 

“Restricted Stock” means an Award granted to a Participant pursuant to Article 8 hereof, other than Sections 8.7 or 8.8. 

“Section 409A” means Code Section 409A and the regulations and other guidance issued thereunder. 

“Section 409A Award” means an Award that is subject to the requirements of Section 409A. 

“Service”means the Participant’s employment or service with the Company or a Subsidiary, whether in the capacity of an
Employee, a Director, or a Consultant.  
 “Shares” means shares of the Company’s common stock, par value
$0.0001 per share. 
 “Stock Appreciation Right” or “SAR” means an Award, granted alone or in connection
with a related Option, designated as an SAR, pursuant to the terms of Article 7 hereof. 
 “Stock Unit” means an Award
granted under Article 10. 
 “Subsidiary” has the meaning given by the regulations under Section 409A to the term
“service recipient stock” such that a grant of an Option or SAR to an employee of a Subsidiary will be a grant related to service recipient stock. Subsidiary generally means any corporation, partnership, joint venture, or other entity in a
chain of organizations all of which have a controlling interest in another organization, beginning with the Company and ending with the Subsidiary, subject to the special rules of Reg. §1.409A-1(b)(5)(iii). For an Option to be an ISO,
“Subsidiary” must be limited to a “subsidiary corporation” within the meaning of Code Section 424(f) and the rules thereunder. 

  
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 “Ten Percent Shareholder” means an Employee who at the time an ISO is
granted owns (or is treated as owning) Shares possessing more than ten percent of the total combined voting power of all classes of Shares of the Company or a Subsidiary. 

Article 3. Administration 

3.1 Power of Administrator. The Plan shall be administered by the Administrator. Except as limited by law (including, with respect to
Section 409A Awards, the requirements of Section 409A) or by the Certificate of Incorporation or Bylaws of the Company, and subject to the provisions herein, the Administrator shall have full power to 

 

	 	(a)	 select Employees, Directors and Consultants who shall be offered the opportunity to participate in the Plan;

  

	 	(b)	 determine the sizes and types of Awards; 

 

	 	(c)	 determine the terms and conditions of Awards in a manner consistent with the Plan; 

 

	 	(d)	 construe and interpret the Plan and any agreement or instrument entered into under the Plan;

  

	 	(e)	 establish, amend, or waive rules and regulations for the Plan’s administration; and amend the terms and
conditions of any outstanding Award as provided in the Plan; and 

  

	 	(f)	 make all other determinations that it deems necessary or advisable for the administration of the Plan.

 3.2 Delegation. As permitted by law and the terms of the Plan, the Administrator may delegate its authority
herein. 
 3.3 Decisions Binding. All determinations and decisions made by the Administrator pursuant to the provisions of the Plan
and all related orders and resolutions of the Administrator shall be final, conclusive, and binding on all persons, including the Company, its shareholders, Subsidiaries, Directors, Employees, Consultants, Participants, and their estates and
beneficiaries, unless changed by the Board. 
 3.4 Liability. No member of the Administrator shall be liable for any action taken or
decision made in good faith relating to the Plan or any Award granted hereunder. 
 Article 4. Shares Subject to the Plan and Maximum
Awards 
 4.1 Number of Shares Available for Grants. Shares may be authorized, unissued shares or Treasury shares. Subject to
adjustment as provided in Section 4.3 hereof, the number of Shares hereby reserved for issuance to Participants under the Plan shall equal 43,476,338 shares of common stock. If unvested Shares are forfeited or repurchased by the Company at
their original purchase price, such Shares shall become available for future grant under the Plan, but the total number of such forfeited Shares that become available may not exceed ten times the 

  
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maximum number set forth in the preceding sentence. The Administrator shall determine the appropriate methodology for calculating the number of Shares issued pursuant to the Plan, subject to the
following rules: 
  

	 	(a)	 Any Shares covered by an Award (or a portion of an Award) granted under the Plan which is forfeited or canceled
or expires shall be deemed not to have been delivered for purposes of determining the number of Shares available for delivery under the Plan. 

  

	 	(b)	 If any unissued Shares are retained by the Company upon exercise of an Option in order to satisfy the exercise
price for such Option or any withholding taxes due with respect to such exercise, the unissued or retained Shares shall become available for future grant under the Plan (unless the Plan has terminated). 

 

	 	(c)	 If an Option may be settled by issuing net Shares (i.e., withholding a number of Shares equal to the exercise
price), the full number of shares of the Company’s common stock covered by the Option shall be counted (not the net Shares issued). 

  

	 	(d)	 The full number of shares of the Company’s common stock covered by SARs that may be settled in Shares
shall be counted (not the net Shares issued). SARs that may be settled in cash only shall not be counted. 

 4.2
Individual Limitations. The following limitations shall apply to the grant of any Award to a Participant in a Fiscal Year: 
  

	 	(a)	 Stock Options: The maximum aggregate number of Shares that may be granted in the form of Options in any
one Fiscal Year to any one Participant shall be 10,000,000. 

  

	 	(b)	 SARs: The maximum aggregate number of Shares that may be granted in the form of Stock Appreciation
Rights pursuant to Awards granted in any one Fiscal Year to any one Participant shall be 10,000,000. 

  

	 	(c)	 Restricted Stock: The maximum aggregate of Shares that may be granted with respect to Awards of
Restricted Stock granted in any one Fiscal Year to any one Participant shall be 3,000,000. 

  

	 	(d)	 Performance Shares/Performance Share Units Awards: The maximum aggregate grant with respect to Awards of
Performance Shares made in any one Fiscal Year to any one Participant shall be equal to the Fair Market Value of 3,000,000 Shares (measured on the date of grant); the maximum aggregate amount awarded with respect to Performance Share Units to any
one Participant in any one Fiscal Year may not exceed $5,000,000. 

 4.3 Adjustments in Authorized Shares. Upon a
change in corporate capitalization, such as a stock split, stock dividend or a corporate transaction, such as any merger, consolidation, combination, exchange of shares or the like, separation, including a spin-off, or other distribution of stock or
property of the Company, any reorganization (whether or not such reorganization comes within the definition of such term in Code Section 368) or any partial or 

  
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complete liquidation of the Company, such adjustment shall be made in the number and class of Shares that may be delivered under Section 4.1 hereof, in the number, class and price of Shares
subject to outstanding Awards granted under the Plan, and in the Award limits set forth in Section 4.1 hereof, as may be determined to be appropriate and equitable by the Administrator, in its sole discretion, to prevent dilution or enlargement
of rights. 
 4.4 Adjustment of Awards upon the occurrence of certain Unusual or Nonrecurring Events. The Administrator shall make
adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (including, without limitation, the events described in Section 4.3 hereof) affecting the Company or the financial
statements of the Company or of changes in applicable laws, regulations, or accounting principles, whenever the Administrator determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential
benefits intended to be made available under the Plan; provided that, unless the Administrator determines otherwise at the time such adjustment is considered, no such adjustment shall be authorized to the extent that such authority would be
inconsistent with the Plan’s or any Award’s meeting the requirements of Code Section 162(m) or Section 409A or an Incentive Stock Option ceasing to meet the requirements of Code Section 422. 

Article 5. Eligibility and Participation 

5.1 Eligibility. Persons eligible to participate in this Plan include all Employees and Consultants of the Company or a Subsidiary and
all Directors. 
 5.2 Actual Participation. Subject to the provisions of the Plan, the Administrator may, from time to time, select
from all eligible Employees, Directors and Consultants, those to whom Awards shall be granted and shall determine the nature and amount of each Award, provided that Incentive Stock Options shall only be awarded to Employees of the Company or its
Subsidiaries. 
 Article 6. Stock Options 

6.1 Grant of Options. Subject to the terms and provisions of the Plan, Options may be granted to Participants in such number, and upon
such terms, and at any time and from time to time, as determined by the Administrator. 
 6.2 Option Agreement. Each Option grant
shall be evidenced by an Option Agreement that shall specify the Option Price, the duration of the Option, the number of Shares to which the Option pertains, whether the Option is intended to be an ISO or a NQSO, whether such Option or any portion
thereof shall vest immediately or shall vest over a vesting period specified in the Option Agreement, and such other provisions as the Administrator shall determine which are not inconsistent with the terms of the Plan. 

6.3 Option Price. The Option Price for each grant of an Option under this Plan shall be as determined by the Administrator; provided,
however, the per-share exercise price shall not be less than the Fair Market Value of the Shares on the date of grant. If an ISO is granted to a Ten Percent Shareholder, the Option Price shall not be less than 110 percent of the Fair Market Value of
the Shares on the date of grant. 

  
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 6.4 Duration of Options. Unless the Option Agreement provides a different expiration
date, 
  

	 	(a)	 each ISO granted to a Ten Percent Shareholder shall expire on the fifth (5th) anniversary in the date the
ISO was granted, 

  

	 	(b)	 each other Option shall expire on the tenth (10th) anniversary of the date the Option was granted, and

  

	 	(c)	 each Option shall expire in accordance with Article 13. 

6.5 Exercise of Options. Options shall be exercisable at such times and shall be subject to such restrictions and conditions as the
Administrator shall in each instance approve, which need not be the same for each grant or for each Participant. 
 6.6 Payment.
Options shall be exercised by the delivery of a written, electronic or telephonic notice of exercise to the Company or its designated agent, setting forth the number of Shares with respect to which the Option is to be exercised, accompanied by full
payment of the Option Price for the Shares either: 
  

	 	(a)	 in cash or its equivalent (in United States dollars unless otherwise determined by the Administrator);

  

	 	(b)	 subject to the Administrator’s approval, by delivery (or by attestation) of previously acquired whole (not
fractional) Shares having an aggregate Fair Market Value at the time of exercise equal to the total Option Price (provided that the Shares that are delivered must have been held by the Participant for at least six (6) months prior to their
delivery to satisfy the Option Price); 

  

	 	(c)	 by a combination of (a) or (b); or 

 

	 	(e)	 by any other method approved by the Administrator in its sole discretion. 

6.7 Registration. Subject to any governing rules or regulations, as soon as practicable after receipt of notification of exercise and
full payment, the Company shall register, in the Participant’s name, Shares in an appropriate amount based upon the number of Shares purchased pursuant to the Option(s). 

6.8 Restrictions on Share Transferability. The Administrator may impose such restrictions on any Shares acquired pursuant to the
exercise of an Option granted under this Article 6 as it may deem advisable, including, without limitation, restrictions under applicable federal securities laws, under the requirements of any stock exchange or market upon which such Shares are then
listed or traded, or under any blue sky or state securities laws applicable to such Shares. 
 6.9 Nontransferability of Options.

  

	 	(a)	 Incentive Stock Options. No ISO granted under the Plan may be sold, transferred, pledged, assigned,
encumbered or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. 

  
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 Further, all ISOs granted to a Participant under the Plan shall be exercisable during such
Participant’s lifetime only by such Participant. 
  

	 	(b)	 Nonqualified Stock Options. No NQSO granted under the Plan may be sold, transferred, pledged, assigned,
encumbered or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution; provided, however, that a NQSO may be transferred upon the approval of the Administrator (in its sole discretion) by appropriate
instrument to an inter vivos or testamentary trust in which the option is to be passed to the Optionee’s beneficiaries upon the Optionee’s death or by gift to the Optionee’s immediate family (consisting of the Optionee’s child,
stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, and shall include adoptive relationships). 

6.10 Special Limitation on Grants of Incentive Stock Options. No ISO shall be granted to an Employee under the Plan or any other ISO
plan of the Company to purchase Shares as to which the aggregate Fair Market Value (determined as of the date of grant) of the Shares which first become exercisable by the Employee in any calendar year exceeds $100,000. To the extent an Option
initially designated as an ISO exceeds the value limit of this Section 6.10 or otherwise fails to satisfy the requirements applicable to ISOs, it shall be deemed a NQSO and shall otherwise remain in full force and effect. 

6.11 Termination for Cause. An Option Agreement may provide that, if a Participant’s Service is terminated by the Company for
Cause, the Participant shall have no right to exercise an Option, and all Options will terminate, even if vested. 
 Article 7. Stock
Appreciation Rights 
 7.1 Grant of SARs. Subject to the terms and conditions of the Plan, SARs may be granted to Participants at
any time and from time to time, as shall be determined by the Administrator. Subject to the terms and conditions of the Plan, the Administrator shall have complete discretion in determining the number of SARs granted to each Participant and,
consistent with the provisions of the Plan, in determining the terms and conditions pertaining to such SARs. The grant price of a SAR shall not be less than the Fair Market Value of a Share on the date of grant. 

7.2 Award Agreement. Each SAR grant shall be evidenced by an Award Agreement that shall specify the grant price, the term of the
SAR, and such other provisions as the Administrator shall determine.  
 7.3 Term of SARs. The term of an SAR granted under
the Plan shall be determined by the Administrator, in its sole discretion. 
 7.4 Exercise of SARs. SARs may be exercised upon
whatever terms and conditions the Administrator, in its sole discretion, imposes upon them. 

  
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 7.6 Payment of SAR Amount. Upon exercise of an SAR, a Participant shall be entitled
to receive payment from the Company in an amount determined by multiplying: 
  

	 	(a)	 The amount by which the Fair Market Value of a Share on the date of exercise exceeds the grant price of the
SAR; by 

  

	 	(b)	 The number of Shares with respect to which the SAR is exercised. 

The payment upon SAR exercise shall be in Shares unless otherwise provided in the Award Agreement. Any Shares delivered in payment shall be
deemed to have a value equal to the Fair Market Value on the date of exercise of the SAR. 
 7.7 Nontransferability of SARs. No SAR
granted under the Plan may be sold, transferred, pledged, assigned, encumbered, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Further, except as otherwise provided in a Participant’s
Award Agreement, all SARs granted to a Participant under the Plan shall be exercisable during such Participant’s lifetime only by such Participant. 

Article 8. Restricted Stock and Stock Awards 

8.1 Grant of Restricted Stock. Subject to the terms and provisions of the Plan, the Administrator, at any time and from time to time,
may grant Shares of Restricted Stock to Participants in such amounts as the Administrator shall determine. 
 8.2 Restricted Stock
Agreement. Each Restricted Stock grant shall be evidenced by a Restricted Stock Award Agreement that shall specify the Period(s) of Restriction, the number of Shares of Restricted Stock granted, and such other provisions as the Administrator
shall determine which are not inconsistent with the terms of this Plan. 
 8.3 Transferability. Except as may be provided in the
Award Agreement, the Shares of Restricted Stock granted herein may not be sold, transferred, pledged, assigned, encumbered, or otherwise alienated or hypothecated until the end of the applicable Period of Restriction established by the Administrator
and specified in the Restricted Stock Award Agreement, or upon earlier satisfaction of any other conditions, as specified by the Administrator in its sole discretion and set forth in the Restricted Stock Award Agreement. All rights with respect to
the Restricted Stock granted to a Participant under the Plan shall be available during such Participant’s lifetime and prior to the end of the Period of Restriction only to such Participant or such Participant’s legal representative. Any
transferred Shares shall remain subject to all applicable conditions and restrictions. 
 8.4 Other Restrictions. The Administrator
may impose such other conditions and restrictions on any Shares of Restricted Stock granted pursuant to the Plan as it may deem advisable including, without limitation, a requirement that Participants pay a stipulated purchase price for each Share
of Restricted Stock, restrictions based upon the achievement of specific performance goals, time-based restrictions on vesting following the attainment of the performance goals, time-based restrictions, and restrictions under applicable federal or
state securities laws. 
 To the extent deemed appropriate by the Administrator, the Company may retain the certificates representing Shares
of Restricted Stock in the Company’s possession until such time as all conditions and restrictions applicable to such Shares have been satisfied. 

  
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 Except as otherwise provided in the Award Agreement, Shares of Restricted Stock covered by
each Restricted Stock grant made under the Plan shall become freely transferable by the Participant after the last day of the applicable Period of Restriction. 

8.5 Voting Rights. If the Administrator so determines, Participants holding Shares of Restricted Stock granted hereunder may be granted
the right to exercise full voting rights with respect to those Shares during the Period of Restriction. 
 8.6 Dividends and Other
Distributions. During the Period of Restriction, Participants holding Shares of Restricted Stock granted hereunder (whether or not the Company holds the certificate(s) representing such Shares) may, if the Administrator so determines, be
credited with dividends paid with respect to the underlying Shares while they are so held. The Administrator may apply any restrictions to the dividends that the Administrator deems appropriate. Without limiting the generality of the preceding
sentence, if the grant or vesting of Restricted Shares granted to a Covered Employee is designed to comply with the requirements of the Performance-Based Exception, the Administrator may apply any restrictions it deems appropriate to the payment of
dividends declared with respect to such Restricted Shares, such that the dividends and the Restricted Shares maintain eligibility for the Performance-Based Exception. 

8.7 Stock Award. The Administrator may grant and award Shares to a Participant that are not subject to Periods of Restrictions and
which may be subject to such conditions or provisions as the Administrator may deem advisable including, without limitation, a requirement that the Participant pay a stipulated purchase price for each Share. 

8.8 Cash. The Administrator may, in its sole discretion, provide that the issuance of Shares shall be accompanied by cash, which may be
sufficient to pay withholding and other payroll taxes or may be more or less than required to pay withholding and other payroll taxes. 

Article 9. Share Restrictions 

9.1 Unvested Share Repurchase Right. Shares acquired under the Plan that have not vested may be repurchased by the Company at the
lesser of the original exercise price or the Shares’ fair market value (as such value is determined in the sole discretion of the Administrator) if the Participant’s Service with the Company is terminated for any reason or no reason, with
or without Cause. The Company may assign any unvested Share repurchase right it may have, whether or not then exercisable, to such person or persons as may be selected by the Company. The Company may require the Optionee to place certificates for
any unvested Shares in escrow under reasonable terms established by the Administrator. 
 9.2 Vested Share Repurchase Rights. An
Option Agreement or Restricted Stock Award Agreement may provide that: 
 (a) Vested Shares (Shares that are no longer subject to the
unvested share repurchase right of Section 9.1 hereof) may be repurchased by the Company at the Shares’ fair market value (as such value is determined in the sole discretion of the Administrator) as of the date the right is exercised if
the Participant’s Service with the Company is terminated for any reason or no reason, with or without Cause. The Company may assign this vested Share repurchase right, whether or not then exercisable, to such person or persons as may be
selected by the Company. This vested Share repurchase right shall terminate upon the effective date of the Company’s initial public offering. 

  
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 (b) If at any time within six (6) months after the date the Participant’s Service
with the Company is terminated for any reason or no reason, with or without Cause, the Participant becomes employed by or otherwise provides services or advice or assistance to, or invest in any business that is, a competitor of the business of the
Company as it exists as of the date of termination (and where such competitor competes in any location where the Company then conducts business), then all shares acquired by exercise of Options within one (1) year prior to the date of
termination may be repurchased by the Company at the original purchase price. 
 9.3 Exercise of Share Repurchase Rights. The
unvested Share repurchase right provided in Section 9.1 hereof may be exercised by written notice to the Participant within 90 days after termination of the Participant’s Service (or exercise of an Option, if later). The vested Share
repurchase right provided in Section 9.2(a) hereof may be exercised by written notice to Participant within seven months of issuance of the Shares (or 90 days after termination of the Participant’s Service, if later). The vested Share
repurchase right provided in Section 9.2(b) hereof may be exercised by written notice to Participant within seven months of termination of the Participant’s Service. The Company may decide not to exercise a vested Share repurchase right
within six months of the issuance of the Shares if the exercise of such right would be likely to cause variable accounting treatment. If notice is not given within the exercise period, the repurchase rights shall terminate unless the Participant and
the Administrator have extended the time for exercise. Cash payment (or cancellation of purchase money indebtedness) must be made by the thirtieth (30th) day after the date of the written notice
to the Participant of the exercise of a repurchase right. 
 9.4 Right of First Refusal. In the sole discretion of the Administrator,
an Option Agreement or Restricted Stock Award Agreement may provide that, in the event the Participant proposes to sell, pledge, or otherwise transfer any vested Share or any interest in such Share, the Company shall have a right of first refusal
with respect to such Share. If the Participant desires to transfer any vested Share, the Participant shall provide a written notice to the Company describing all material terms of the proposed transfer. Such notice must include evidence of a binding
commitment of the Participant and the offeror with respect to the proposed transfer. The Company may elect to purchase all (but not part) of the Shares subject to the notice by notifying the Participant, in writing within thirty (30) days of
receiving the notice constituting a binding commitment. If the prospective purchaser is a bona fide third-party offeror, the purchase price paid by the Company shall be the price per Share proposed to be paid in the notice of binding commitment, and
shall be paid within sixty (60) days after the date the notice of binding commitment was received by the Company. If the prospective purchaser is not a bona fide third-party offeror, the purchase price shall be the lesser of (i) the price
per Share proposed to be paid in the notice of binding commitment and (ii) fair market value, and shall be paid within sixty (60) days after the date the notice of binding commitment was received by the Company. The Company may assign any
right of first refusal it may have to such person or persons as may be selected by the Company. The right of first refusal shall terminate upon the effective date of the Company’s initial public offering. 

9.5 Lockup Agreement. The Company (or a representative of the Company’s underwriter(s)) may, in connection with the first
underwritten registration of the offering of any securities of the Company, require that the Participant not sell, dispose of, transfer, make any 

  
 -12- 

 
short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale, any Shares or other securities of the Company held
by the Participant, for a period of time specified by the underwriter(s) (not to exceed 180 days) following the effective date of registration. The Participant must execute and deliver such other agreements that are reasonably requested by the
Company or the underwriter(s) that are consistent with the foregoing or that are necessary to give further effect thereto, and the Company may impose stop-transfer instructions with respect to the Participant’s Shares until the end of such
specified period. 
 Article 10. Stock Units 

10.1 Grant of Stock Units. Stock Units may be granted to Participants in such amounts and upon such terms, and at any time and from
time to time, as shall be determined by the Administrator. 
 10.2 Award Agreement. At the Administrator’s discretion, each
grant of Stock Units may be evidenced by an Award Agreement that shall specify the initial value, the duration of the Award, the performance measures, if any, applicable to the Award, and such other provisions as the Administrator shall determine
which are not inconsistent with the terms of the Plan.  
 10.3 Value of Stock Units. Each Stock Unit shall have an initial
value that is equal to the Fair Market Value of a Share on the date of grant. The Administrator may set performance goals in its discretion which, depending on the extent to which they are met, will determine the number of Stock Units that will be
paid out to the Participant. For purposes of this Article 10, the time period during which the performance goals must be met shall be called a “Performance Period.” 

10.4 Earning of Stock Units. After the applicable Performance Period has ended, the holder of Stock Units shall be entitled to receive
a payout based on the number and value of Stock Units earned by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding performance goals have been achieved. 

10.5 Form and Timing of Payment of Stock Units. Payment of earned Stock Units shall be as determined by the Administrator and, if
applicable, as evidenced in the related Award Agreement. Subject to the terms of the Plan, the Administrator, in its sole discretion, may pay earned Stock Units in the form of cash or in Shares (or in a combination thereof) that have an aggregate
Fair Market Value equal to the value of the earned Stock Units at the close of the applicable Performance Period. In addition, the Administrator may, in its sole discretion, provide that the payment of earned Stock Units shall be accompanied by
cash, which may be sufficient to pay withholding and other payroll taxes or may be more or less than required to pay withholding and other payroll taxes. Such Shares may be delivered subject to any restrictions deemed appropriate by the
Administrator. No fractional shares will be issued. The determination of the Administrator with respect to the form of payout of such Awards shall be set forth in the Award Agreement pertaining to the grant of the Award or the resolutions
establishing the Award. 
 10.6 Dividend Units. Unless otherwise provided by the Administrator, Participants holding Stock Units
shall be entitled to receive dividend units with respect to dividends declared with respect to the Shares represented by such Stock Units. Such dividends may be subject to the same accrual, forfeiture, and payout restrictions as apply to dividends
earned with respect to Shares of Restricted Stock, as set forth in Section 8.6 hereof, as determined by the Administrator. 

  
 -13- 

 10.7 Nontransferability. Stock Units may not be sold, transferred, pledged, assigned,
encumbered, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. 
 Article 11.
Performance Measures 
 Unless and until the Administrator proposes for shareholder vote and the Company’s shareholders approve a
change in the general performance measures set forth in this Article 11, the attainment of which may determine the degree of payout and vesting with respect to Awards to Covered Employees that are designed to qualify for the Performance-Based
Exception, the performance measure(s) to be used for purposes of such grants shall be chosen from among: 
  

	 	(a)	 Earnings per share; 

  

	 	(b)	 Net income (before or after taxes); 

 

	 	(c)	 Cash flow (including, but not limited to, operating cash flow and free cash flow); 

 

	 	(d)	 Gross revenues; 

  

	 	(e)	 Gross margins; 

  

	 	(f)	 Earnings before interest and taxes (EBIT); 

 

	 	(g)	 Earnings before interest, taxes, depreciation and amortization (EBITDA); 

 

	 	(h)	 Internal rate of return (IRR); 

 

	 	(g)	 Shareholder Return or Share Price Growth; 

 

	 	(h)	 Operating profit; 

  

	 	(i)	 Economic Value Added (EVA); 

 

	 	(j)	 Return on Invested Capital (ROIC); 

 

	 	(k)	 Return on assets (ROA); and 

 

	 	(l)	 Any of the above measures compared to peer or other companies. 

Performance measures may be set either at the corporate level, subsidiary level, division level, or business unit level. 

Awards that are designed to qualify for the Performance-Based Exception, and that are held by Covered Employees, may not be adjusted upward.
The Administrator shall retain the discretion to adjust such Awards downward. 

  
 -14- 

 If applicable tax and securities laws change to permit Administrator discretion to alter the
governing performance measures without obtaining shareholder approval of such changes, the Administrator shall have sole discretion to make such changes without obtaining shareholder approval. 

Article 12. Rights of Participants 

12.1 Service. Nothing in the Plan shall confer upon any Participant any right to continue in Service or interfere with or limit in any
way the right of the Company to terminate any Participant’s Service at any time. 
 12.2 Participation. No Employee, Director or
Consultant shall have the right to be selected to receive an Award under this Plan, or, having been so selected, to be selected to receive a future Award. 

12.3 Rights as a Shareholder. Except as provided in Sections 8.5, 8.6, 10.5 and 10.6 hereof or in applicable Award Agreement consistent
with such Sections, a Participant shall have none of the rights of a shareholder with respect to shares of Common Stock covered by any Award until the Participant becomes the record holder of such Shares, or the Period of Restriction has expired, as
applicable. 
 Article 13. Termination of Service 

13.1 Termination of Awards not yet Vested or Exercisable. All Awards or any portion thereof not yet vested or exercisable or whose
Period of Restriction has not expired as of the date of termination shall terminate and be forfeited immediately on the date of termination. 

13.2 Time to Exercise. Except as otherwise provided in the Award Agreement, upon termination of the Participant’s Service for any
reason, an Award granted to the Participant may be exercised by the Participant (or, if appropriate, the Participant’s legal representative or permitted transferee) at any time on or prior to the earlier of the expiration date of the Award or
the expiration of three (3) months after the date of termination (one (1) year if termination was by reason of Disability or death) but only if, and to the extent that, the Participant was entitled to exercise the Award at the date of
termination. 
 13.3 Leave of Absence. Unless otherwise determined by the Administrator, an authorized military leave, sick leave or
other bona fide leave of absence (such as temporary employment by the Government) shall not constitute a termination of employment if the period of such leave does not exceed 90 days, or, if longer, so long as the individual’s right to
reemployment with the Company (or a related corporation of the Company, or a corporation, or a related corporation of such corporation issuing or assuming a stock option in a transaction to which Code Section 425(a) applies) is guaranteed
either by statute or by contract. Where the period of leave exceeds 90 days and where the individual’s right to reemployment is not guaranteed either by statute or by contract, the employment relationship will be deemed to have terminated on
the 91st day of such leave. 
 13.4 Termination. For purposes of this Article, a “termination” includes an event which
causes a Participant to lose his eligibility to participate in the Plan (e.g., an individual is employed by a Subsidiary that ceases to be a Subsidiary). In the case of a Consultant, the 

  
 -15- 

 
meaning of “termination” or “termination of employment” includes the date that the individual ceases to provide significant services to the Company on the date specified in a
notice of termination from the Company. In the case of a Director, the meaning of “termination” includes the date that the individual ceases to be a Director. 

13.5 Different Rules. Notwithstanding the foregoing, the Administrator has the authority to prescribe different rules that apply upon
the termination of employment of a particular Participant, which shall be memorialized in the Participant’s original or amended Award Agreement or similar document. However, with respect to any Award subject to Section 409A, any reference
to “termination of employment” or similar term shall mean an event that constitutes a “separation from service” within the meaning of Section 409A. 

13.6 Forfeiture. An Award that remains unexercised after the latest date it could have been exercised under any of the foregoing
provisions or under the terms of the Award shall be forfeited. 
 Article 14. Change in Control 

In the event of a Change in Control, unless otherwise specifically prohibited under applicable laws, or by the rules and regulations of any
governing governmental agencies or national securities exchange or trading system, or unless the Administrator shall otherwise specify in the Award Agreement, the Board, in its sole discretion, may: 

 

	 	(a)	 elect to terminate Options or SARs in exchange for a cash payment equal to the amount by which the Fair Market
Value of the Shares subject to such Option or SAR to the extent the Option or SAR has vested exceeds the exercise price with respect to such Shares; 

  

	 	(b)	 elect to terminate Options or SARs provided that each Participant is first notified of and given the
opportunity to exercise his/her vested Options or SARs for a specified period of time (of not less than 15 days) from the date of notification and before the Option or SAR is terminated; 

 

	 	(c)	 permit Awards to be assumed by a new parent corporation or a successor corporation (or its parent) and replaced
with a comparable Award of the parent corporation or successor corporation (or its parent); 

  

	 	(d)	 amend an Award Agreement to accelerate vesting; 

 

	 	(e)	 provide that vesting of any Award shall accelerate if the Participant is terminated other than for Cause or if
the Participant resigns for Good Reason; or 

  

	 	(f)	 implement any combination of the foregoing or implement any other action with respect to an Award that it deems
appropriate. 

  
 -16- 

 Article 15. Amendment, Modification, and Termination 

15.1 Amendment, Modification, and Termination. Subject to the terms of the Plan, the Board may at any time and from time to time,
alter, amend, suspend, or terminate the Plan in whole or in part. 
 15.2 Awards Previously Granted. Notwithstanding any other
provision of the Plan to the contrary, no termination, amendment, or modification of the Plan shall adversely affect in any material way any Award previously granted under the Plan, without the written consent of the Participant holding such Award.

 15.3 Shareholder Approval Required for Certain Amendments. Shareholder approval will be required for any amendment of the Plan
that does any of the following: (a) increases the maximum number of Shares subject to the Plan; (b) changes the designation of the class of persons eligible to receive ISOs under the Plan; or (c) modifies the Plan in a manner that
requires shareholder approval under applicable law or the rules of a stock exchange or trading system on which Shares are traded. 

Article 16. Withholding 

The Company shall have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient
to satisfy any applicable taxes (including social security or social charges), domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of this Plan. The Participant may satisfy, totally
or in part, such Participant’s obligations pursuant to this Article 16 by electing to have Shares withheld, to redeliver Shares acquired under an Award, or to deliver previously owned Shares that have been held for at least six (6) months,
provided that the election is made in writing on or prior to (i) the date of exercise, in the case of Options and SARs, (ii) the date of payment, in the case of Stock Units, and (iii) the expiration of the Period of Restriction in the
case of Restricted Stock. Any election made under this Article 16 may be disapproved by the Administrator at any time in its sole discretion. If an election is disapproved by the Administrator, the Participant must satisfy his obligations pursuant
to this paragraph in cash. 
 Article 17. Successors 

All obligations of the Company under the Plan with respect to Awards granted hereunder shall be binding on any successor to the Company,
whether the existence of such successor is the result of a direct or indirect purchase, through merger, consolidation, or otherwise, of all or substantially all of the business, stock or assets of the Company. 

Article 18. General Provisions 

18.1 Gender and Number. Except where otherwise indicated by the context, any masculine term used herein also shall include the
feminine; the plural shall include the singular and the singular shall include the plural. 

  
 -17- 

 18.2 Severability. If any provision of the Plan shall be held illegal or invalid for
any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included. 

18.3 Requirements of Law. The granting of Awards and the issuance of Shares under the Plan shall be subject to all applicable laws,
rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. 
 18.4
Securities Law Compliance. With respect to Insiders, transactions under this Plan are intended to comply with all applicable conditions of Rule 16b-3 or its successors under the Exchange Act, unless determined otherwise by the Board. To the
extent any provision of the Plan or action by the Administrator fails to so comply, it shall be deemed null and void, to the extent permitted by law and deemed advisable by the Board. 

18.5 Listing. The Company may use reasonable endeavors to register Shares issued pursuant to Awards with the United States Securities
and Exchange Commission or to effect compliance with the registration, qualification, and listing requirements of any state or foreign securities laws, stock exchange, or trading system. 

18.6 Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction,
which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such
requisite authority shall not have been obtained. 
 18.7 No Additional Rights. Neither the Award nor any benefits arising under this
Plan shall constitute part of an employment contract between the Participant and the Company or a Subsidiary, and accordingly, subject to Section 15.2 hereof, this Plan and the benefits hereunder may be terminated at any time in the sole and
exclusive discretion of the Administrator without giving rise to liability on the part of the Company for severance payments. 
 18.8
Noncertificated Shares. To the extent that the Plan provides for issuance of certificates to reflect the transfer of Shares, the transfer of such Shares may be effected on a noncertificated basis, to the extent not prohibited by applicable law
or the rules of any stock exchange or trading system. 
 18.9 Governing Law. The Plan and each Award Agreement shall be governed by
the laws of the State of California, excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of the Plan to the substantive law of another jurisdiction. Unless otherwise provided in the
Award Agreement, recipients of an Award under the Plan are deemed to submit to the exclusive jurisdiction and venue of the federal or state courts whose jurisdiction covers Los Angeles, California, to resolve any and all issues that may arise out of
or relate to the Plan or any related Award Agreement. 

  
 -18- 

 18.10 Compliance with Section 409A. It is intended that Awards under the Plan
are either exempt from Section 409A or are structured to comply with the requirements of Section 409A. The Plan shall be administered and interpreted in accordance with that intent. By way of example, the following rules shall apply: 

 

	 	(a)	 Any provision of the Plan that would conflict with the requirements of a Section 409A Award shall not
apply to a Section 409A Award. 

  

	 	(b)	 Any adjustment or modification to a Section 409A Award shall be made in compliance with Section 409A
(e.g., any adjustment to an Option or SAR under Section 4.3 hereof shall be made in accordance with the requirements of Section 409A). 

  

	 	(c)	 For Section 409A Awards, all rights to amend, terminate or modify the Plan or any Award are subject to the
requirements and limitations of Section 409A. 

  

	 	(d)	 For Section 409A Awards, any payment or distribution that is triggered upon termination or cessation of
employment or a comparable event shall be interpreted consistent with the definition of “separation from service” within the meaning of Treasury Regulation Section 1.409A-1(h). 

 

	 	(e)	 With respect to amounts payable under a Section 409A Award, in the event that a Participant is a
“specified employee” as defined in Section 409A, any amount that is payable in connection with the Participant’s separation from service shall not be paid prior to the date which is six months after the date the Participant
separates from service (or, if earlier, the date the Participant dies). A Participant who is subject to the restriction described in the previous sentence shall be paid on the first day of the seventh month after the Participant’s separation
from service an amount equal to the benefit that the Participant would have received during such six month period absent the restriction. 

While the Company intends for Awards to be either exempt from or in compliance with Section 409A, neither the Company nor the Administrator shall be
liable to any person for the tax consequences of any failure to comply with the requirements of Section 409A or any other tax consequences relating to Awards under this Plan. 

 

			
	The Company

 
			
		
	By:	 	  

	Title:	 	  

	Date:	 	  

 

			
	Dated of Adoption by the Board:	 	  

	Date of Shareholder Approval:	 	  

  
 -19- 

 Form 2015 Plan Stock Option Agreement 

Approved by Calhoun BOD on 04/30/15 

CALHOUN VISION, INC. 

STOCK OPTION AGREEMENT 
 1.
Grant of Option. Calhoun Vision, Inc. (the “Corporation”) hereby grants to                      (the “Optionee”) an option
to purchase
                                        
(                ) shares of common stock of the Corporation (the “Shares”), on the terms and conditions set forth in this Agreement and the Calhoun Vision,
Inc. 2015 Equity Incentive Plan (the “Plan”). This option is granted as of                      the “Grant Date”). A copy of the
Plan is attached hereto as Exhibit A, and its provisions are incorporated into this Agreement by reference. In the event of any conflict between this Agreement and the Plan, the terms of the Plan shall govern. 

2. Exercise Price. The exercise price of the Shares to be purchased pursuant to this option is
                 ($        ) per Share, which is equal to 100% of the fair market value of the Shares on the Grant Date. 

3. Tax Status. This option is [select one:          an incentive stock option (within the
meaning of §422(b) of the Internal Revenue Code of 1986) or          a nonqualified stock option]. 

4. Exercisability of Option. The Optionee’s “Vesting Base Date” is
                    . At any time on and after the Grant Date until the termination of the option (as provided in section 5 of this Agreement), and
subject to the effect of adjustments under Sections 4.3 and 4.4 of the Plan and the effect of a Change in Control under Article 14 of the Plan, this option shall be exercisable according to the attached vesting schedule (Exhibit C), such vesting to
occur on the first day of each month, commencing with the first month after such first anniversary, so that the option shall be fully exercisable by the fourth anniversary of the Vesting Base Date; provided that no vesting shall occur after
termination of employment. As provided in Section 6.11 of the Plan, if an Optionee’s Service is terminated by the Company for Cause, the Participant shall have no right to exercise an Option, and all the Optionee’s Options will
terminate. 
 5. Termination of Option. This option is no longer exercisable on the first to occur of (a) the 10th anniversary of the Grant Date, (b) the last date for exercising the option following termination of the Optionee’s Service as described in Section 13 of the Plan, or (c) its
termination in connection with a Change in Control as provided under Article 14 of the Plan. 
 6. Method of Exercise. This option
may be exercised only by delivery pursuant to Section 8 of this Agreement of an exercise notice (the current form of which is attached as Exhibit B), specifying the election to exercise this option and the number of Shares for which it is being
exercised. In certain cases, an Investment Representation Statement may also be required. No exercise for fractional Shares shall be permitted. Payment of the exercise price for the number of Shares for which the option is being exercised shall be
made in cash, by check or by cash equivalent. Alternatively, payment may be by withholding Shares or by submission of other shares owned by the Optionee, if allowed by Article 16 of the Plan. 

7. Restrictions on Shares Acquired. Shares acquired upon exercise of the option will be fully vested and (a) will be subject to
the vested share repurchase rights described in Section 9.2(a) and (b) of the Plan and the right of first refusal described in Section 9.4 of the Plan, and (b) may be subject to a lockup agreement as referred to in
Section 9.5 of the Plan. 

 8. Notices. Any notice or other communication under this Agreement must be in writing
and shall be effective upon hand delivery; upon fax transmission to either party at the number provide below for that party, but only upon receipt by the transmitting party of a written confirmation of receipt; or three (3) business days after
deposit in the U.S. mail, postage prepaid, certified or registered, and addressed to the Corporation or to Optionee at the appropriate address below. Each party is obligated to notify the other in writing of any change in address. Notice of change
of address shall be effective only when done in accordance with this section. 
  

					
	If to the Corporation, to:	  		  	If to Optionee, to:
	Calhoun Vision, Inc.	  		  	  

	171 N. Altadena Drive, Suite 201	  		  	  

	Pasadena, CA 91107	  		  	  

	Attention: Secretary	  		  	  

	Fax No.: (    )     -            	  		  	Fax No.: (    )     -            

 

							
	AGREED.	  		  	
			
	CALHOUN VISION, INC.	  		  	

									
					
	By:	 	  
	  		  		 	
	Its:	 	  
	  		  	  

		 		  		  	Date	 	

  

Optionee: By executing this Agreement, Optionee acknowledges receipt of a copy of the separate document titled “Calhoun Vision, Inc.
2015 Equity Compensation Plan,” which contains many of the provisions of this Agreement. 

  

					
	  
	  		  	  

	Signature of Optionee	  		  	Date

  
 2 

 Alternative Provisions for 10% shareholders 

1. Exercise Price. [The exercise price of an incentive stock option by a 10% shareholder must be at least 110% of the fair
market value and fair value.] 
 5. Termination of Option. [Clause (i) should indicate a time no later than the 5th anniversary of the Grant Date for any incentive stock option grant to a 10% shareholder.] 

Alternative Provisions for Immediately Exercisable Options 

4. Exercisability of Option. This option is immediately and fully exercisable. [Alternate Section 7 must be used with this
Section.] 
 7. Restrictions on Shares Acquired. The Optionee’s “Vesting Base Date” is
                    . Shares acquired upon exercise of the option shall vest with respect to 25% of the total Shares subject to the option as of the
first anniversary of the Vesting Base Date, and the remaining seventy-five percent (75%) shall vest monthly over an additional 36 months in equal monthly amounts (as nearly as practicable), such vesting to occur on the first day of each month,
commencing with the first month after such first anniversary, so that the option shall be fully exercisable by the fourth anniversary of the Vesting Base Date; so that such Shares will be 100% vested on the fourth anniversary of the Vesting Base
Date; provided that no vesting shall occur after termination of employment. Unvested Shares will be subject to the Corporation’s unvested share repurchase right described in Section 9.1 of the Plan. Vested shares will be subject to the
vested share repurchase right described in Section 9.2(a) and (b) of the Plan and the right of first refusal described in Section 9.4 of the Plan and may be subject to a lockup agreement as referred to in Section 9.5 of the Plan.

  
 3 

 EXHIBIT B 

CALHOUN VISION, INC. 

2015 EQUITY COMPENSATION PLAN 

EXERCISE NOTICE FOR NONQUALIFIED STOCK OPTIONS 

Calhoun Vision, Inc. 
 171 N. Altadena Drive, Suite 201 

Pasadena, CA 91107 
 Attention: Secretary 

The employee hereby exercises the following stock options: 
  

																					
	 Grant Date
	  	Number of
Options	 	  	Price per
Share	 	  	Total Exercise
Price	 	  	Withholding
Taxes	 	  	Total	 
	
                   
 
	  	 	                	 	  	 	                	 	  	 	                	 	  	 	                	 	  	 	                	 
	
                   
 
	  	 	                	 	  	 	                	 	  	 	                	 	  	 	                	 	  	 	                	 
	
                   
 
	  	 	                	 	  	 	                	 	  	 	                	 	  	 	                	 	  	 	                	 
		  				  				  				  				  	  
	  
	 
	
                   
 
	  				  				  				  	 	Total Due:	 	  	 	                	 
		  				  				  				  				  	  
	  
	 

 Concurrently with the delivery of this exercise notice, the employee hereby pays to the Corporation the total due. 

 

			
	Signature	 	  

		
	Print Name	 	  

		
	Address	 	  

		
	Social Security #	 	  

		
	Date	 	  

  
 4 

 EXHIBIT B 

CALHOUN VISION, INC. 

2015 EQUITY COMPENSATION PLAN 

EXERCISE NOTICE FOR INCENTIVE STOCK OPTIONS 

Calhoun Vision, Inc. 
 171 N. Altadena Drive, Suite 201 

Pasadena, CA 10006 
 Attention: Secretary 

The employee hereby exercises the following stock options: 
  

																	
	 Grant Date
	  	Number of
Options	 	  	Price per
Share	 	  	Total Exercise
Price	 	  	Total	 
	
                   
 
	  	 	                	 	  	 	                	 	  	 	                	 	  	 	                	 
	
                   
 
	  	 	                	 	  	 	                	 	  	 	                	 	  	 	                	 
	
                   
 
	  	 	                	 	  	 	                	 	  	 	                	 	  	 	                	 
		  				  				  				  	  
	  
	 
	
                   
 
	  				  				  	 	Total Due:	 	  	 	                	 
		  				  				  				  	  
	  
	 

 Concurrently with the delivery of this exercise notice, the employee hereby pays to the Corporation the total due. 

 

			
	Signature	 	  

		
	Print Name	 	  

		
	Address	 	  

		
	Social Security #	 	  

		
	Date	 	  

  
 5EX-10.3

 Exhibit 10.3 

RxSIGHT, INC. 
 2021
EQUITY INCENTIVE PLAN 
 1. Purposes of the Plan; Award Types. 

(a) Purposes of the Plan. The purposes of this Plan are to attract and retain personnel for positions with the Company
Group, to provide additional incentive to Employees, Directors, and Consultants (collectively, “Service Providers”), and to promote the success of the Company’s business. 

(b) Award Types. The Plan permits the grant of Incentive Stock Options to any ISO Employee and the grant of Nonstatutory Stock Options,
Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, and Performance Awards to any Service Provider. 
 2.
Definitions. The following definitions are used in this Plan: 
 (a) “Administrator” means Administrator as defined
in Section 4(a). 
 (b) “Applicable Laws” means the legal and regulatory requirements relating to the administration
of equity-based awards, including but not limited to the related issuance of Shares under U.S. federal and state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is
listed or quoted and, only to the extent applicable with respect to an Award or Awards, the tax, securities, exchange control, and other laws of any jurisdictions other than the United States where Awards are, or will be, granted under the Plan.
Reference to a section of an Applicable Law or regulation related to that section shall include such section or regulation, any valid regulation issued under such section, and any comparable provision of any future legislation or regulation
amending, supplementing or superseding such section or regulation. 
 (c) “Award” means, individually or collectively, a
grant under the Plan of Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, or Performance Awards. 
 (d)
“Award Agreement” means the written or electronic agreement setting forth the terms applicable to an Award granted under the Plan. The Award Agreement is subject to the terms of the Plan. 

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

(f) “Change in Control” means the occurrence of any of the following events: 

(i) A change in the ownership of the Company which occurs on the date that any one person, or more than one person acting as a group
(“Person”), acquires ownership of the stock of the Company that, with the stock held by such Person, constitutes more than 50% of the total voting power of the stock of the Company; provided, that for this subsection, the
acquisition of additional stock by any one Person, who prior to such acquisition is considered to own more than 50% of the total voting power of the stock of the Company will not be considered a Change in Control

 
and provided, further, that any change in the ownership of the stock of the Company as a result of a private financing of the Company that is approved by the Board also will not be considered a
Change in Control. Further, if the stockholders of the Company immediately before such change in ownership continue to retain immediately after the change in ownership, in substantially the same proportions as their ownership of shares of the
Company’s voting stock immediately prior to the change in ownership, direct or indirect beneficial ownership of 50% or more of the total voting power of the stock of the Company or of the ultimate parent entity of the Company, such event shall
not be considered a Change in Control under this Section 2(f)(i). For this purpose, indirect beneficial ownership shall include, without limitation, an interest resulting from ownership of the voting securities of one or more corporations or
other business entities which own the Company, as the case may be, either directly or through one or more subsidiary corporations or other business entities; or 

(ii) A change in the effective control of the Company which occurs on the date a majority of members of the Board is replaced during any
12-month period by Directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the appointment or election. For purposes of this Section 2(f)(ii), if any Person is considered to be in effective
control of the Company, the acquisition of additional control of the Company by the same Person will not be considered a Change in Control; or 

(iii) A change in the ownership of a substantial portion of the Company’s assets which occurs on the date that any Person acquires (or
has acquired during the 12-month period ending on the date of the most recent acquisition by such Person or Persons) assets from the Company that have a total gross fair market value equal to or more than 50% of the total gross fair market
value of all of the assets of the Company immediately prior to such acquisition or acquisitions; provided, that for this Section 2(f)(iii), the following will not constitute a change in the ownership of a substantial portion of the
Company’s assets: 
 (1) a transfer to an entity controlled by the Company’s stockholders immediately after the transfer, or 

(2) a transfer of assets by the Company to: 

(A) a stockholder of the Company (immediately before the asset transfer) in exchange for or with respect to the Company’s stock,

 (B) an entity, 50% or more of the total value or voting power of which is owned, directly or indirectly, by the Company, 

(C) a Person, that owns, directly or indirectly, 50% or more of the total value or voting power of all the outstanding stock of the
Company, or 
 (D) an entity, at least 50% of the total value or voting power of which is owned, directly or indirectly, by a Person
described in Section 2(f)(iii)(2)(A) to Section 2(f)(iii)(2)(C). 
 For this definition, gross fair market value means the value
of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. For this definition, persons will be acting as a group if they are owners of

  
 2 

 
a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company. For the avoidance of doubt, wholly-owned subsidiaries
of the Company shall not be considered “Persons” for purposes of this Section 2(f). 
 (iv) A transaction will not be a
Change in Control: 
 (1) unless the transaction qualifies as a change in control event within the meaning of Code Section 409A; or

 (2) if its primary purpose is to (1) change the jurisdiction of the Company’s incorporation, or (2) create a holding
company owned in substantially the same proportions by the persons who held the Company’s securities immediately before such transaction. 

(g) “Code” means the U.S. Internal Revenue Code of 1986, as amended. Reference to a section of the Code or regulation related
to that section shall include such section or regulation, any valid regulation issued or other official applicable guidance of general or direct applicability promulgated under such section or regulation, and any comparable provision of any future
legislation, regulation or official guidance of general or direct applicability amending, supplementing or superseding such section or regulation. 

(h) “Committee” means a committee of Directors or of other individuals satisfying Applicable Laws appointed by the Board.

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

(j) “Company” means RxSight, Inc., a Delaware corporation, or any of its successors. 

(k) “Company Group” means the Company, any Parent or Subsidiary, and any entity that, from time to time and at the time of
any determination, directly or indirectly, is in control of, is controlled by or is under common control with the Company. 
 (l)
“Consultant” means any natural person engaged by a member of the Company Group to render bona fide services to such entity, provided the services (i) are not in connection with the offer or sale of securities in a capital
raising transaction, and (ii) do not directly promote or maintain a market for the Company’s securities. A Consultant must be a person to whom the issuance of Shares registered on Form S-8 under the
Securities Act is permitted. 
 (m) “Director” means a member of the Board. 

(n) “Disability” means total and permanent disability as defined in Section 22(e)(3) of the Code, provided that in
the case of Awards other than Incentive Stock Options, the Administrator in its discretion may determine whether a permanent and total disability exists in accordance with uniform and non-discriminatory
standards adopted by the Administrator from time to time. 
 (o) “Employee” means any person, including Officers and
Directors, providing services as an employee to the Company or any member of the Company Group. However, with 

  
 3 

 
respect to Incentive Stock Options, an Employee must be employed by the Company or any Parent or Subsidiary of the Company (such an Employee, an “ISO Employee”). Notwithstanding,
Options awarded to individuals not providing services to the Company or a Subsidiary of the Company should be carefully structured to comply with the payment timing rule of Code Section 409A. Neither service as a Director nor payment of a
director’s fee by the Company will constitute “employment” by the Company. 
 (p) “Exchange Act” means the
U.S. Securities Exchange Act of 1934. 
 (q) “Exchange Program” means a program under which (i) outstanding Awards are
surrendered or cancelled in exchange for awards of the same type (which may have higher or lower Exercise Prices and different terms), awards of a different type, and/or cash, (ii) Participants would have the opportunity to transfer any
outstanding Awards to a financial institution or other person or entity selected by the Administrator, and/or (iii) the Exercise Price of an outstanding Award is increased or reduced. The Administrator will determine the terms and conditions of
any Exchange Program in its sole discretion. 
 (r) “Exercise Price” means the price payable per share to exercise an
Award. 
 (s) “Expiration Date” means the last possible day on which an Option or Stock Appreciation Right may be
exercised. Any exercise must be completed before midnight U.S. Pacific Time between the Expiration Date and the following date; provided, however, that any broker-assisted cashless exercise of an Option granted hereunder must be completed by the
close of market trading on the Expiration Date. 
 (t) “Fair Market Value” means, as of any date, the value of a Share,
determined as follows: 
 (i) If the Common Stock is listed on any established stock exchange or a national market system, including
without limitation the New York Stock Exchange, the NASDAQ Global Select Market, the NASDAQ Global Market or the NASDAQ Capital Market of The NASDAQ Stock Market, the Fair Market Value will be the closing sales price for a Share (or the closing bid,
if no sales were reported) as quoted on such exchange or system on the day of determination, as reported by such source as the Administrator determines to be reliable. If the determination date for the Fair Market Value occurs on a non-Trading Day (i.e., a weekend or holiday), the Fair Market Value will be such price on the immediately preceding Trading Day, unless otherwise determined by the Administrator; 

(ii) If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, the Fair Market Value of
a Share will be the mean between the high bid and low asked prices for the Common Stock on the day of determination (or, if no bids and asks were reported on that date on the last Trading Day such bids and asks were reported), as reported by such
source as the Administrator determines to be reliable; 
 (iii) For purposes of any Awards granted on the Registration Date, the Fair
Market Value will be the initial price to the public as set forth in the final prospectus included within the registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission for the
initial public offering of the Common Stock; or 

  
 4 

 (iv) Absent an established market for the Common Stock, the Fair Market Value will be
determined in good faith by the Administrator. 
 Notwithstanding the foregoing, if the determination date for the Fair Market Value occurs
on a weekend, holiday or other day other than a Trading Day, the Fair Market Value will be the price as determined under subsections (t)(i) or (t)(ii) above on the immediately preceding Trading Day, unless otherwise determined by the Administrator.
In addition, for purposes of determining the fair market value of shares for any reason other than the determination of the Exercise Price of Options or Stock Appreciation Rights, fair market value will be determined by the Administrator in a manner
compliant with Applicable Laws and applied consistently for such purpose. Note that the determination of fair market value for purposes of tax withholding may be made in the Administrator’s sole discretion subject to Applicable Laws and is not
required to be consistent with the determination of Fair Market Value for other purposes. 
 (u) “Fiscal Year” means a
fiscal year of the Company. 
 (v) “Grant Date” means Grant Date as defined in Section 4(c). 

(w) “Incentive Stock Option” means an Option that is intended to qualify and does qualify as an incentive stock option within
the meaning of Code Section 422. 
 (x) “Nonstatutory Stock Option” means an Option that by its terms does not qualify
or is not intended to qualify as an Incentive Stock Option. 
 (y) “Officer” means a person who is an officer of the
Company within the meaning of Section 16 of the Exchange Act. 
 (z) “Option” means a right to acquire Shares granted
under Section 6. 
 (aa) “Outside Director” means a Director who is not an Employee. 

(bb) “Parent” means a “parent corporation,” whether now or hereafter existing, as defined in Code
Section 424(e). 
 (cc) “Participant” means the holder of an outstanding Award. 

(dd) “Performance Awards” means an Award which may be earned in whole or in part upon attainment of performance goals or
other vesting criteria as the Administrator may determine and which may be cash- or stock-denominated and may be settled for cash, Shares or other securities or a combination of the foregoing under Section 10. 

(ee) “Performance Period” means Performance Period as defined in Section 10(a) 

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

  
 5 

 (gg) “Plan” means this 2021 Equity Incentive Plan. 

(hh) “Registration Date” means the effective date of the first registration statement that is filed by the Company and
declared effective pursuant to Section 12(b) of the Exchange Act, with respect to any class of the Company’s securities. 
 (ii)
“Restricted Stock” means Shares issued under an Award granted under Section 8 or issued as a result of the early exercise of an Option. 

(jj) “Restricted Stock Unit” means a bookkeeping entry representing an amount equal to the Fair Market Value, granted under
Section 9. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company. 
 (kk) “Securities
Act” means U.S. Securities Act of 1933. 
 (ll) “Service Provider” means an Employee, Director or Consultant. 

(mm) “Share” means a share of the Common Stock as adjusted in accordance with Section 13 of the Plan. 

(nn) “Stock Appreciation Right” means an Award granted under Section 7. 

(oo) “Subsidiary” means a “subsidiary corporation” as defined in Code Section 424(f), in relation to the
Company. 
 (pp) “Tax Withholdings” means tax, social insurance and social security liability or premium obligations in
connection with the Awards, including, without limitation, (i) all federal, state, and local income, employment and any other taxes (including the Participant’s U.S. Federal Insurance Contributions Act (FICA) obligation) that are
required to be withheld by the Company or a member of the Company Group, (ii) the Participant’s and, to the extent required by the Company, the fringe benefit tax liability of the Company or a member of the Company Group, if any,
associated with the grant, vesting, or exercise of an Award or sale of Shares issued under the Award, and (iii) any other taxes or social insurance or social security liabilities or premium the responsibility for which the Participant has, or
has agreed to bear, with respect to such Award, the Shares subject to, or other amounts or property payable under, an Award, or otherwise associated with or related to participation in the Plan and with respect to which the Company or the applicable
member of the Company Group has either agreed to withhold or has an obligation to withhold.  
 (qq) “Ten Percent
Owner” means Ten Percent Owner as defined in Section 6(b)(i). 
 (rr) “Trading Day” means a day on which the
primary stock exchange or national market system (or other trading platform, as applicable) on which the Common Stock trades is open for trading. 

(ss) “Transaction” means Transaction as defined in Section 14(a). 

  
 6 

 3. Shares Subject to the Plan. 

(a) Allocation of Shares to Plan. The maximum aggregate number of Shares that may be issued under the Plan is: 

(i) 25,000,000 Shares, plus 

(ii) any Shares subject to stock options or other awards granted under the Company’s 2015 Equity Incentive Plan (the “2015
Plan”) or the 2006 Stock Plan (the “2006 Plan”) that, on or after the business day immediately prior to the Registration Date, expire or otherwise terminate without having been exercised in full, are tendered to or withheld
by the Company for payment of an exercise price or for tax withholding obligations, and any Shares issued pursuant to awards granted under the 2015 Plan or 2006 Plan that, on or after the business day immediately prior to the Registration Date, are
forfeited to or repurchased by the Company due to failure to vest, with the maximum number of Shares to be added to the Plan under this clause (ii) equal to 50,000,000 Shares, plus 

(iii) any additional Shares that become available for issuance under the Plan under Sections 3(b) and 3(c). 

The Shares may be authorized but unissued Common Stock or Common Stock issued and then reacquired by the Company. 

(b) Automatic Share Reserve Increase. The number of Shares available for issuance under the Plan will be increased on the first day of
each Fiscal Year beginning with the 2022 Fiscal Year, in an amount equal to the least of: 
 (i) 75,000,000 Shares, 

(ii) 4% of the total number of shares of all classes of common stock of the Company outstanding on the last day of the immediately preceding
Fiscal Year, and 
 (iii) a lesser number of Shares determined by the Administrator. 

(c) Share Reserve Return. 

(i) Options and Stock Appreciation Rights. If an Option or Stock Appreciation Right expires or becomes
unexercisable without having been exercised in full or is surrendered under an Exchange Program, the unissued Shares subject to the Option or Stock Appreciation Right will become available for future issuance under the Plan. 

(ii) Stock Appreciation Rights. Only Shares actually issued pursuant to a Stock Appreciation Right (i.e., the net Shares
issued) will cease to be available under the Plan; all remaining Shares originally subject to the Stock Appreciation Right will remain available for future issuance under the Plan. 

(iii) Full-Value Awards. Shares issued pursuant to Awards of Restricted Stock, Restricted Stock Units, or stock-settled Performance
Awards that are reacquired by the Company due to failure to vest or are forfeited to the Company will become available for future issuance under the Plan. 

  
 7 

 (iv) Withheld Shares. Shares used to pay the Exercise Price of an
Award or to satisfy Tax Withholdings related to an Award will become available for future issuance under the Plan. 
 (v) Cash-Settled Awards. If any portion of an Award under the Plan is paid to a Participant in cash rather than Shares, that cash payment will not reduce the number of Shares available for issuance under the Plan.

 (d) Incentive Stock Options. The maximum number of Shares that may be issued upon the exercise of Incentive Stock Options will
equal 300% of the aggregate Share number stated in Section 3(a) plus, to the extent allowable under Code Section 422, any Shares that become available for issuance under the Plan under Sections 3(b) and 3(c).

 (e) Adjustment. The numbers provided in Sections 3(a), 3(b), and 3(d) will be adjusted as a result of changes in
capitalization and any other adjustments under Section 13. 
 (f) Substitute Awards. If the Committee grants Awards in
substitution for equity compensation awards outstanding under a plan maintained by an entity acquired by or becomes a part of any member of the Company Group, the grant of those substitute Awards will not decrease the number of Shares available for
issuance under the Plan. 
 (g) Share Reserve. The Company, during the term of this Plan, will at all times reserve and keep
available such number of Shares as will be sufficient to satisfy the requirements of the Plan. 
 4. Administration of the Plan. 

(a) Procedure. 
 (i) The
Plan will be administered by the Board or a Committee (the “Administrator”). Different Administrators may administer the Plan with respect to different groups of Service Providers. The Board may retain the authority to concurrently
administer the Plan with a Committee and may revoke the delegation of some or all authority previously delegated. 
 (ii) To the extent
permitted by Applicable Laws, the Board or a Committee may delegate to one or more subcommittees of the Board or a Committee or officers the authority to grant Awards to Employees of the Company or any of its Subsidiaries, provided that the
delegation must comply with any limitations on the authority required by Applicable Laws, including the total number of Shares that may be subject to the Awards granted by such officer(s). This delegation may be revoked at any time by the Board or
Committee. 
 (b) Powers of the Administrator. Subject to the terms of the Plan, any limitations on delegations specified by the
Board, and any requirements imposed by Applicable Laws, the Administrator will have the authority, in its sole discretion, to make any determinations and perform any actions deemed necessary or advisable to administer the Plan including: 

(i) to determine the Fair Market Value; 

  
 8 

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

(iii) to select the Service Providers to whom Awards may be granted and grant Awards to such Service Providers; 

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

(v) to determine the terms and conditions, consistent with the Plan, of any Award granted. Such terms and conditions may include, but are not
limited to, the Exercise Price, the time(s) when Awards may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation regarding any Award or the
Shares relating to an Award; 
 (vi) to institute and determine the terms and conditions of an Exchange Program; 

(vii) to construe interpret the Plan and make any decisions necessary to administer the Plan, including but not limited to determining
whether and when a Change in Control has occurred; 
 (viii) to establish, amend and rescind rules and regulations and adopt sub-plans relating to the Plan, including rules, regulations and sub-plans for the purposes of facilitating compliance with applicable
non-U.S. laws, easing the administration of the Plan and/or obtaining tax-favorable treatment for Awards granted to Service Providers located outside the U.S., in each
case as the Administrator may deem necessary or advisable; 
 (ix) to interpret, modify or amend each Award (subject to Section 19),
including extending the Expiration Date and the post-termination exercisability period of such modified or amended Awards; 
 (x) to allow
Participants to satisfy tax withholding obligations in any manner permitted by Section 16; 
 (xi) to delegate ministerial duties to
any of the Company’s employees; 
 (xii) to authorize any person to take any steps and execute, on behalf of the Company, any
documents required for an Award previously granted by the Administrator to be effective; 
 (xiii) to temporarily suspend the
exercisability of an Award if the Administrator deems such suspension to be necessary or appropriate for administrative purposes, provided that, unless prohibited by Applicable Laws, such suspension shall be lifted in all cases not less than 10
Trading Days before the last date that the Award may be exercised; 

  
 9 

 (xiv) to allow Participants to defer the receipt of the payment of cash or the delivery of
Shares otherwise due to any such Participants under an Award; and 
 (xv) to make any determinations necessary or appropriate under
Section 13 
 (c) Grant Date. The grant date of an Award (“Grant Date”) will be the date that the
Administrator makes the determination granting such Award or may be a later date if such later date is designated by the Administrator on the date of the determination or under an automatic grant policy. Notice of the determination will be provided
to each Participant within a reasonable time after the Grant Date. 
 (d) Waiver. The Administrator may waive any terms, conditions
or restrictions. 
 (e) Fractional Shares. Except as otherwise provided by the Administrator, any fractional Shares that
result from the adjustment of Awards will be canceled. Any fractional Shares that result from vesting percentages will be accumulated and vested on the date that an accumulated full Share is vested. 

(f) Electronic Delivery. The Company may deliver by e-mail or other electronic
means (including posting on a website maintained by the Company or by a third party under contract with the Company or another member of the Company Group) all documents relating to the Plan or any Award and all other documents that the Company
is required to deliver to its security holders (including prospectuses, annual reports and proxy statements). 
 (g) Choice of
Law; Choice of Forum. The Plan, all Awards and all determinations made and actions taken under the Plan, to the extent not otherwise governed by the laws of the United States, will be governed by the laws of the State of Delaware without giving
effect to principles of conflicts of law. For purposes of litigating any dispute that arises under this Plan, a Participant’s acceptance of an Award is his or her consent to the jurisdiction of the State of Delaware, and agreement that any such
litigation will be conducted in Delaware Court of Chancery, or the federal courts for the United States for the District of Delaware, and no other courts, regardless of where a Participant’s services are performed. 

(h) Effect of Administrator’s Decision. The Administrator’s decisions, determinations and interpretations will be final and
binding on all Participants and any other holders of Awards. 
 5. Eligibility. Nonstatutory Stock Options, Stock Appreciation
Rights, Restricted Stock, Restricted Stock Units and Performance Awards may be granted to Service Providers. Incentive Stock Options may be granted only to Employees. 

6. Stock Options. 
 (a)
Stock Option Award Agreement. Each Option will be evidenced by an Award Agreement that will specify the number of Shares subject to the Option, per share Exercise Price, its Expiration Date, and such other terms and conditions
as the Administrator determines. Each Option will be designated in the Award Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. An Option not designated as an Incentive Stock Option is a Nonstatutory Stock Option. 

  
 10 

 (b) Exercise Price. The Exercise Price for the Shares to be issued upon exercise of
an Option will be determined by the Administrator and stated in the Award Agreement, subject to the following: 
 (i) In the case of an
Incentive Stock Option: 
 (1) granted to an ISO Employee who, at the time the Incentive Stock Option is granted, owns stock representing
more than 10% of the voting power of all classes of stock of the Company or any Parent or Subsidiary (a “Ten Percent Owner”), the Exercise Price for the Shares to be issued will be no less than 110% of the Fair Market
Value per Share on the date of grant; and 
 (2) granted to any ISO Employee other than a Ten Percent Owner, the Exercise Price for the
Shares to be issued will be no less than 100% of the Fair Market Value per Share on the date of grant. 
 (ii) In the case of a
Nonstatutory Stock Option, the Exercise Price for the Shares to be issued will be no less than 100% of the Fair Market Value per Share on the date of grant. 

(iii) Notwithstanding the foregoing, Options may be granted with an Exercise Price of less than 100% of the Fair Market Value per Share
on the date of grant (i) pursuant to a transaction described in, and in a manner consistent with, Section 424(a) of the Code or (ii) to a Service Provider that is not a U.S. taxpayer. 

(c) Form of Consideration. The Administrator will determine the acceptable form(s) of consideration for exercising an Option.
Unless the Administrator determines otherwise, the consideration may consist of any one or more or combination of the following, to the extent permitted by Applicable Laws: 

(i) cash; 
 (ii) check or wire
transfer; 
 (iii) promissory note, if and to the extent approved by the Company; 

(iv) other Shares that have a fair market value on the date of surrender equal to the aggregate Exercise Price of the Shares as to which such
Option will be exercised. To the extent not prohibited by the Administrator, this shall include the ability to tender Shares to exercise the Option and then use the Shares received on exercise to exercise the Option with respect to additional
Shares; 
 (v) consideration received by the Company under a cashless exercise arrangement (whether through a broker or
otherwise) implemented by the Company for the exercise of Options that has been approved by the Administrator, if and to the extent permitted by the Company with respect to a particular Award; 

(vi) consideration received by the Company under a net exercise program under which Shares are withheld from otherwise deliverable Shares
that has been approved by the Administrator, if and to the extent permitted by the Company with respect to a particular Award; and 

  
 11 

 (vii) any other consideration or method of payment to issue Shares (provided that other
forms of considerations may only be approved by the Administrator). 
 The Administrator has the power to remove or limit any of the above forms of
consideration for exercising an Option, except for the payment of cash, at any time in its sole discretion. 
 (d) Term of Option.
The term of each Option will be determined by the Administrator and stated in the Award Agreement, provided that, in the case of an Incentive Stock Option: (a) granted to a Ten Percent Owner, the Option may not be exercisable after the
expiration of 5 years from the date such Option is granted, or such shorter term as may be provided in the Award Agreement; and (b) granted to an ISO Employee other than a Ten Percent Owner, the Option may not be exercisable after the
expiration of 10 years from the date such Option is granted term, or such shorter term as may be provided in the Award Agreement. 
 (e)
Incentive Stock Option Limitations.  
 (i) To the extent that the aggregate fair market value of the shares
with respect to which incentive stock options under Code Section 422(b) are exercisable for the first time by a Participant during any calendar year (under all plans and agreements of the Company Group) exceeds $100,000, the incentive
stock options whose value exceeds $100,000 will be treated as nonstatutory stock options. Incentive stock options will be considered in the order in which they were granted. For this purpose, the fair market value of the shares subject to an option
will be determined as of the grant date of each option. 
 (ii) If an Option is designated in the Administrator action that granted it as
an Incentive Stock Option but the terms of the Option do not comply with Sections 6(b) and 6(d), then the Option will not qualify as an Incentive Stock Option. 

(f) Exercise of Option. An Option is exercised when the Company receives: (i) a notice of exercise (in such form as the
Administrator may specify from time to time) from the person entitled to exercise the Option and (ii) full payment for the Shares with respect to which the Option is exercised (together with applicable Tax
Withholdings). Shares issued upon exercise of an Option will be issued in the name of the Participant. Until the Shares are issued (as evidenced by the entry on the books of the Company or of a duly authorized
transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder will exist with respect to the Shares subject to an Option, despite the exercise of the Option. The Company will issue (or cause to be
issued) such Shares promptly after the Option is exercised. An Option may not be exercised for a fraction of a Share. Exercising an Option in any manner will decrease the number of Shares thereafter available, both for purposes of the Plan
(except as provided in Section 3(c)) and for purchase under the Option, by the number of Shares as to which the Option is exercised. 

(i) Termination of Relationship as a Service Provider. If a Participant ceases to be a Service Provider, other than upon such
cessation as the result of the Participant’s death or Disability, the Participant may exercise his or her Option within 30 days of such cessation, or such longer period of time as is specified in the Award Agreement (but in no event later than
the expiration of the term of such Option as set forth in the Award Agreement or Section 6(d), as applicable) to the extent that the Option is vested on the date of cessation. Unless otherwise provided by the

  
 12 

 
Administrator or set forth in the Award Agreement or other written agreement authorized by the Administrator between the Participant and the Company or any of its Subsidiaries or Parents, as
applicable, if on the date of such cessation the Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will revert to the Plan immediately. If after such cessation the Participant does not
exercise his or her Option within the time specified by the Administrator, the Option will terminate, and the Shares covered by such Option will revert to the Plan. 

(ii) Disability of Participant. If a Participant ceases to be a Service Provider as a result of the Participant’s Disability, the
Participant may exercise his or her Option within 6 months of cessation, or such longer period of time as is specified in the Award Agreement (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement
or Section 6(d), as applicable) to the extent the Option is vested on the date of cessation. Unless otherwise provided by the Administrator or set forth in the Award Agreement or other written agreement authorized by the Administrator between
the Participant and the Company or any of its Subsidiaries or Parents, as applicable, if on the date of cessation the Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will revert to
the Plan immediately. If after such cessation the Participant does not exercise his or her Option within the time specified herein, the Option will terminate, and the Shares covered by such Option will revert to the Plan. 

(iii) Death of Participant. If a Participant dies while a Service Provider, the Option may be exercised within 6 months following the
Participant’s death, or within such longer period of time as is specified in the Award Agreement (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement or Section 6(d), as applicable) to
the extent that the Option is vested on the date of death, by the Participant’s designated beneficiary, provided the Administrator has permitted the designation of a beneficiary and provided such beneficiary has been designated prior to the
Participant’s death in a form (if any) acceptable to the Administrator. If the Administrator has not permitted the designation of the beneficiary or if no such beneficiary has been designated by the Participant, then such Option may be
exercised by the personal representative of the Participant’s estate or by the person(s) to whom the Option is transferred pursuant to the Participant’s will or in accordance with the laws of descent and distribution. If the Option is
exercised pursuant to this Section 6(f)(iii), Participant’s designated beneficiary or personal representative shall be subject to the terms of this Plan and the Award Agreement, including but not limited to the restrictions on
transferability and forfeitability applicable to the Service Provider. Unless otherwise provided by the Administrator or set forth in the Award Agreement or other written agreement authorized by the Administrator between the Participant and the
Company or any of its Subsidiaries or Parents, as applicable, if at the time of death Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will revert to the Plan immediately. If the
Option is not so exercised within the time specified herein, the Option will terminate, and the Shares covered by such Option will revert to the Plan. 

(g) Expiration of Options. Subject to Section 6(d), an Option’s Expiration Date will be set forth in the Award
Agreement. An Option may expire before its expiration date under the Plan (including pursuant to Sections 6(f), 13, 14, or 17(d)) or under the Award Agreement. 

(h) Tolling of Expiration. If exercising an Option prior to its expiration is not permitted because of Applicable Laws, other
than the rules of any stock exchange or quotation system 

  
 13 

 
on which the Common Stock is listed or quoted, the Option will remain exercisable until 30 days after the first date on which exercise no longer would be prevented by such provisions; provided,
however, that this tolling of expiration shall not apply if and to the extent the holder of such Option is a United States taxpayer and the tolling would result in a violation of Section 409A such that the Option would be subject to additional
taxation or interest under Section 409A. If this would result in the Option remaining exercisable past its Expiration Date, then unless earlier terminated pursuant to Section 14, the Option will remain exercisable only until the end of the
later of (x) the first day on which its exercise would not be prevented by Section 20(a) and (y) its Expiration Date. 
 7.
Stock Appreciation Rights. 
 (a) Stock Appreciation Right Award Agreement. Each Stock Appreciation Right grant will be
evidenced by an Award Agreement that will specify the number of Shares subject to the Stock Appreciation Right, its per share Exercise Price, its Expiration Date, and such other terms and conditions as the Administrator determines. 

(b) Exercise Price. The Exercise Price of a Stock Appreciation Right will be determined by the Administrator, provided that in the case
of a Stock Appreciation Right granted to a U.S. taxpayer, the Exercise Price will be no less than 100% of the Fair Market Value of a Share on the date of grant. 

(c) Payment of Stock Appreciation Right Amount. Payment upon Stock Appreciation Right exercise may be made in cash, in
Shares (which, on the date of exercise, have an aggregate fair market value equal to the amount of payment to be made under the Award), or any combination of cash and Shares, with the determination of form of payment made by the Administrator. When
a Participant exercises a Stock Appreciation Right, he or she will be entitled to receive a payment from the Company equal to: 
 (i) the
excess, if any, between the fair market value on the date of exercise over the Exercise Price multiplied by 
 (ii) the number of Shares
with respect to which the Stock Appreciation Right is exercised. 
 (d) Exercise of Stock Appreciation Right. A Stock Appreciation
Right is exercised when the Company receives a notice of exercise (in such form as the Administrator may specify from time to time) from the person entitled to exercise the Stock Appreciation Right. Shares issued upon exercise of a Stock
Appreciation Right will be issued in the name of the Participant. Until the Shares are issued (as evidenced by the entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any
other rights as a stockholder will exist with respect to the Shares subject to a Stock Appreciation Right, despite the exercise of the Stock Appreciation Right. The Company will issue (or cause to be issued) such Shares promptly after the Stock
Appreciation Right is exercised. A Stock Appreciation Right may not be exercised for a fraction of a Share. Exercising a Stock Appreciation Right in any manner will decrease (x) the number of Shares thereafter available under the Stock
Appreciation Right by the number of Shares as to which the Stock Appreciation Right is exercised and (y) the number of Shares thereafter available under the Plan by the number of Shares issued upon such exercise. 

  
 14 

 (e) Expiration of Stock Appreciation Rights. A Stock Appreciation Right’s
Expiration Date will be set forth in the Award Agreement. A Stock Appreciation Right may expire before its expiration date under the Plan (including pursuant to Sections 13, 14, or 16(c)) or under the Award Agreement. Notwithstanding the foregoing,
the rules of Section 6(d) relating to the maximum term and Section 6(f) relating to exercise also will apply to Stock Appreciation Rights. 

(f) Tolling of Expiration. If exercising a Stock Appreciation Right prior to its expiration is not permitted because of
Applicable Laws, other than the rules of any stock exchange or quotation system on which the Common Stock is listed or quoted, the Stock Appreciation Right will remain exercisable until 30 days after the first date on which exercise no longer would
be prevented by such provisions; provided, however, that this tolling of expiration shall not apply if and to the extent the holder of such Stock Appreciation Right is a United States taxpayer and the tolling would result in a violation of
Section 409A such that the Stock Appreciation Right would be subject to additional taxation or interest under Section 409A. If this would result in the Stock Appreciation Right remaining exercisable past its Expiration Date, then unless
earlier terminated pursuant to Section 14, the Stock Appreciation Right will remain exercisable only until the end of the later of (x) the first day on which its exercise would not be prevented by Section 20(a) and (y) its
Expiration Date. 
 8. Restricted Stock. 

(a) Restricted Stock Award Agreement. Each Award of Restricted Stock will be evidenced by an Award Agreement that will
specify the number of Shares subject to the Award of Restricted Stock and such other terms and conditions as the Administrator determines. For the avoidance of doubt, Restricted Stock may be granted without any Period of Restriction (e.g., fully
vested stock bonuses). Unless the Administrator determines otherwise, Shares of Restricted Stock will be held in escrow while unvested. 

(b) Restrictions. 

(i) Except as provided in this Section 8(b) or the Award Agreement, while unvested, Shares of Restricted Stock may not be sold,
transferred, pledged, assigned, or otherwise alienated. 
 (ii) While unvested, Service Providers holding Shares of Restricted Stock may
exercise full voting rights with respect to those Shares, unless the Administrator determines otherwise. 
 (iii) Service Providers holding
a Share covered by an Award of Restricted Stock will not be entitled to receive dividends and other distributions paid with respect to such Shares while such Shares are unvested, unless the Administrator provides otherwise. If the Administrator
provides that dividends and distributions will be received and any such dividends or distributions are paid in cash they will be subject to the same provisions regarding forfeitability as the Shares with respect to which they were paid and if such
dividend or distributions are paid in Shares, the Shares will be subject to the same restrictions on transferability and forfeitability as the Shares with respect to which they were paid and, unless the Administrator determines otherwise, the
Company will hold such dividends until the restrictions on the Shares with respect to which they were paid have lapsed. 

  
 15 

 (iv) Except as otherwise provided in this Section 8(b) or an Award Agreement, a Share
covered by each Award of Restricted Stock made under the Plan will be released from escrow when practicable after the last day of the applicable Period of Restriction. 

(v) The Administrator may impose (prior to grant) or remove (at any time) any restrictions on Shares covered by an Award of Restricted Stock.

 9. Restricted Stock Units. 

(a) Restricted Stock Unit Award Agreement. Each Award of Restricted Stock Units will be evidenced by an Award Agreement that
will specify the number of Restricted Stock Units subject to the Award of Restricted Stock Units and such other terms and conditions as the Administrator determines. 

(b) Vesting Criteria and Other Terms. The Administrator will set vesting criteria, if any, that, depending on the extent to which the
criteria are met, will determine the number of Restricted Stock Units paid out to the Participant. The Administrator may set vesting criteria based upon the achievement of Company-wide, divisional, business unit, or individual goals (that may
include continued employment or service) or any other basis determined by the Administrator in its sole discretion. 
 (c) Earning
Restricted Stock Units. Upon meeting any applicable vesting criteria, the Participant will have earned the Restricted Stock Units and will be paid as determined in Section 9(d). The Administrator may reduce or waive any criteria that must
be met to earn the Restricted Stock Units. 
 (d) Form and Timing of Payment. Payment of earned Restricted Stock Units will be made
at the time(s) set forth in the Award Agreement and determined by the Administrator. Unless otherwise provided in the Award Agreement, the Administrator may settle earned Restricted Stock Units in cash, Shares, or a combination of both. 

10. Performance Awards. 

(a) Award Agreement. Each Performance Award will be evidenced by an Award Agreement that will specify the specify any time
period during which any performance objectives or other vesting provisions, if any, will be measured (“Performance Period”), and such other terms and conditions as the Administrator determines. 

(b) Objectives or Vesting Provisions and Other Terms. The Administrator will set objectives or vesting provisions that, depending on
the extent to which the objectives or vesting provisions are met, will determine the value of the payout for the Performance Awards. The Administrator may set vesting criteria based upon the achievement of Company-wide, divisional, business unit, or
individual goals (that may include continued employment or service) or any other basis determined by the Administrator in its sole discretion. 

(c) Form and Timing of Payment. Payment of earned Performance Awards will be made at the time(s) specified in the Award Agreement.
Payment with respect to earned Performance Awards will be made in cash, in Shares of equivalent value, or any combination of cash and Shares, with the determination of form of payment made by the Administrator at the time of payment or, in the
discretion of the Administrator, at the time of grant. 

  
 16 

 (d) Value of Performance Awards. Each Performance Award’s threshold,
target, and maximum payout values will be established by the Administrator on or before the Grant Date. 
 (e) Earning Performance
Awards. After an applicable Performance Period has ended, the holder of a Performance Award will be entitled to receive a payout for the Performance Award earned by the Participant over the Performance Period. The Administrator may reduce
or waive any performance objectives or other vesting provisions for such Performance Award. 
 11. Leaves of Absence/
Reduced or Part-time Work Schedule/Transfer Between Locations/Change of Status. 
 (a) Leaves of Absence/
Reduced or Part-time Work Schedule/Transfer Between Locations. Unless the Administrator provides otherwise or as otherwise required by Applicable Laws, vesting of Awards granted hereunder will be adjusted or suspended during any unpaid
leave of absence in accordance with the Company’s leave of absence policy in effect at the time of such leave. A Participant will not cease to be an Employee in the case of (i) any leave of absence approved by the Company or
(ii) transfers between locations of the Company or within the Company Group. In addition, unless the Administrator provides otherwise or as otherwise required by Applicable Laws, if, after the date of grant of a Participant’s Award, the
Participant commences working on a part-time or reduced work schedule basis, the vesting of such Award will be adjusted in accordance with the Company’s reduced work schedule/ part-time policy then in effect. Adjustments or suspensions of
vesting pursuant to this Section shall be accomplished in a manner that is exempt from or complies with the requirements of Code Section 409A and the regulations and guidance thereunder. 

(b) Employment Status. A Participant will not cease to be a Service Provider in the case of (i) any leave of absence approved by
the Company or (ii) transfers between locations of the Company (or member of the Company Group) or between the Company or any member of the Company Group. 

(c) Incentive Stock Options. With respect to Incentive Stock Options, no such leave may exceed 3 months, unless
reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, then 6 months following the first day of such leave any Incentive
Stock Option held by a Participant will cease to be treated as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option. 

12. Transferability of Awards. Unless determined otherwise by the Administrator, or otherwise required by Applicable Laws, an
Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, only by the Participant. If
the Administrator makes an Award transferable, the Award will be limited by any additional terms and conditions imposed by the Administrator. Any unauthorized transfer of an Award will be void. 

  
 17 

 13. Adjustments; Dissolution or Liquidation. 

(a) Adjustments. If any extraordinary dividend or other extraordinary distribution (whether in cash, Shares, other securities, or other
property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, reclassification, repurchase, or
exchange of Shares or other securities of the Company, other change in the corporate structure of the Company affecting the Shares, or any similar equity restructuring transaction, as that term is used in Statement of Financial Accounting Standards
Board Accounting Standards Codification Topic 718 (or any of its successors) affecting the Shares occurs (including a Change in Control), the Administrator, to prevent diminution or enlargement of the benefits or potential benefits intended to
be provided under the Plan, will adjust the number and class of shares that may be delivered under the Plan and/or the number, class, and price of shares covered by each outstanding Award, and the numerical Share limits in Section 3.
Notwithstanding the foregoing, the conversion of any convertible securities of the Company and ordinary course repurchases of Shares or other securities of the Company will not be treated as an event that will require adjustment. 

(b) Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify
each Participant, at such time prior to the effective date of such proposed transaction as the Administrator determines. To the extent it has not been previously exercised, an Award will terminate immediately prior to the consummation of such
proposed action. 
 14. Change in Control or Merger.  

(a) Administrator Discretion. If a Change in Control or a merger of the Company with or into another entity occurs (each, a
“Transaction”), each outstanding Award will be treated as the Administrator determines (subject to the provisions of this Section), without a Participant’s consent, including that such Award be continued by the successor
corporation or a Parent or Subsidiary of the successor corporation (or an affiliate thereof) or that the vesting of any such Awards may accelerate automatically upon consummation of a Transaction. 

(b) Identical Treatment Not Required. The Administrator need not take the same action or actions with respect to all Awards or
portions thereof or with respect to all Participants. The Administrator may take different actions with respect to the vested and unvested portions of an Award. The Administrator will not be required to treat all Awards similarly in the Transaction.

 (c) Continuation. An Award will be considered continued if, following the Change in Control or merger: 

(i) the Award confers the right to purchase or receive, for each Share subject to the Award immediately prior to the Transaction, the
consideration (whether stock, cash, or other securities or property) received in the Transaction by holders of Shares for each Share held on the effective date of the Transaction (and if holders were offered a choice of consideration, the type
of consideration received by the holders of a majority of the outstanding Shares) and the Award otherwise is continued in accordance with its terms (including vesting criteria), subject to Section 14(c)(iii) below and Section 13(a);
provided that if the consideration received in the Transaction is not solely common stock of the successor corporation or its Parent, the Administrator may, with the consent of 

  
 18 

 
the successor corporation, provide for the consideration to be received upon exercising an Option or Stock Appreciation Right or upon the payout of a Restricted Stock Unit, or Performance Award,
for each Share subject to such Award, to be solely common stock of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the Transaction; or 

(ii) the Award is terminated in exchange for an amount of cash and/or property, if any, equal to the amount that would have been attained
upon the exercise of such Award or realization of the Participant’s rights as of the date of the occurrence of the Transaction. Any such cash or property may be subjected to any escrow applicable to holders of Common Stock in the Change in
Control. If as of the date of the occurrence of the Transaction the Administrator determines that no amount would have been attained upon the exercise of such Award or realization of the Participant’s rights, then such Award may be terminated
by the Company without payment. The amount of cash or property can be subjected to vesting and paid to the Participant over the original vesting schedule of the Award. 

(iii) Notwithstanding anything in this Section 14(c) to the contrary, an Award that vests, is earned or
paid-out upon the satisfaction of one or more performance goals will not be considered assumed if the Company or its successor modifies any of such performance goals without the Participant’s consent, in
all cases, unless specifically provided otherwise under the applicable Award Agreement or other written agreement authorized by the Administrator between the Participant and the Company or any of its Subsidiaries or Parents, as applicable; provided,
however, a modification to such performance goals only to reflect the successor corporation’s post-Transaction corporate structure will not invalidate an otherwise valid Award assumption. 

(d) Modification. The Administrator will have authority to modify Awards in connection with a Change in Control or merger: 

(i) in a manner that causes the Awards to lose their tax-preferred status, 

(ii) to terminate any right a Participant has to exercise an Option prior to vesting in the Shares subject to the Option (i.e., “early
exercise”), so that following the closing of the Transaction the Option may only be exercised only to the extent it is vested; 

(iii) to reduce the Exercise Price subject to the Award in a manner that is disproportionate to the increase in the number of Shares subject
to the Award, as long as the amount that would be received upon exercise of the Award immediately before and immediately following the closing of the Transaction is equivalent and the adjustment complies with U.S. Treasury Regulation Section 1.409A-1(b)(v)(D); and 
 (iv) to suspend a Participant’s right to exercise an Option
during a limited period of time preceding and or following the closing of the Transaction without Participant consent if such suspension is administratively necessary or advisable to permit the closing of the Transaction. 

(e) Non-Continuation. If the successor corporation does not continue an Award (or some
portion such Award), the Participant will fully vest in (and have the right to exercise) 100% of the then-unvested Shares subject to his or her outstanding Options and Stock Appreciation Rights, all restrictions on 100% of the
Participant’s outstanding Restricted Stock and Restricted Stock Units will 

  
 19 

 
lapse, and, regarding 100% of Participant’s outstanding Awards with performance-based vesting, all performance goals or other vesting criteria will be treated as achieved at 100% of target
levels and all other terms and conditions met, in all cases, unless specifically provided otherwise under the applicable Award Agreement or other written agreement authorized by the Administrator between the Participant and the Company or any of its
Subsidiaries or Parents, as applicable. In no event will vesting of an Award accelerate as to more than 100% of the Award. Unless specifically provided otherwise under the applicable Award Agreement or other written agreement authorized by the
Administrator between the Participant and the Company or any of its Subsidiaries or Parents, as applicable, if Options or Stock Appreciation Rights are not continued when a Change in Control or a merger of the Company with or into another
corporation or other entity occurs, the Administrator will notify the Participant in writing or electronically that the Participant’s vested Options or Stock Appreciation Rights (after considering the foregoing vesting acceleration, if
any) will be exercisable for a period of time determined by the Administrator in its sole discretion and all of the Participant’s Options or Stock Appreciation Rights will terminate upon the expiration of such period (whether vested or
unvested). 
 15. Outside Director Grants.  

(a) With respect to Awards granted to an Outside Director, in the event of a Change in Control, the Participant will fully vest in and have
the right to exercise outstanding Options and/or Stock Appreciation Rights as to all of the Shares underlying such Award, including those Shares which otherwise would not be vested or exercisable, all restrictions on other outstanding Awards will
lapse, and, with respect to Awards with performance-based vesting, all performance goals or other vesting criteria will be deemed achieved at 100% of target levels and all other terms and conditions met, unless specifically provided otherwise
under the applicable Award Agreement, a Company policy related to Director compensation, or other written agreement authorized by the Administrator between the Participant and the Company or any of its Subsidiaries or Parents, as applicable, that
specifically references this default rule. 
 (b) No Outside Director may be paid, issued or granted, in any Fiscal Year, cash retainer fees
and equity awards (including any Awards issued under this Plan) with an aggregate value greater than $500,000, increased to $1,000,000 in connection with his or her initial service (with the value of each equity award based on its grant date fair
value (determined in accordance with U.S. generally accepted accounting principles)). Any cash compensation paid or Awards granted to an individual for his or her services as an Employee, or for his or her services as a Consultant (other than as an
Outside Director), will not count for purposes of the limitation under this Section 15(b). 
 16. Tax Matters. 

(a) Withholding Requirements. Prior to the delivery of any Shares or cash under an Award (or exercise thereof) or such earlier
time as any Tax Withholding are due, the Company may deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy any Tax Withholding with respect to such Award or Shares subject to an Award (including upon
exercise of an Award). 

  
 20 

 (b) Withholding Arrangements. The Administrator, in its sole discretion and under
such procedures as it may specify from time to time, may elect to satisfy such Tax Withholding, in whole or in part (including in combination) by (without limitation) (i) requiring the Participant to pay cash, check or other cash
equivalents, (ii) withholding otherwise deliverable cash (including cash from the sale of Shares issued to the Participant) or Shares having a fair market value equal to the amount required to be withheld or such greater amount (including
up to a maximum statutory amount) as the Administrator may determine or permit if such amount does not result in unfavorable financial accounting treatment, as the Administrator determines in its sole discretion, (iii) forcing the sale of
Shares issued pursuant to an Award (or exercise thereof) having a fair market value equal to the minimum statutory amount applicable in a Participant’s jurisdiction or any greater amount as the Administrator may determine or permit if such
greater amount would not result in unfavorable financial accounting treatment, as the Administrator determines in its sole discretion, (iv) requiring the Participant to deliver to the Company already-owned Shares having a fair market value
equal to the minimum statutory amount required to be withheld or any greater amount as the Administrator may determine or permit if such greater amount would not result in unfavorable financial accounting treatment, as the Administrator determines
in its sole discretion, (v) requiring the Participant to engage in a cashless exercise transaction (whether through a broker or otherwise) implemented by the Company in connection with the Plan, (vi) having the Company or a Parent or
Subsidiary withhold from wages or any other cash amount due or to become due to the Participant and payable by the Company or any Parent or Subsidiary, or (vii) such other consideration and method of payment for the meeting of Tax Withholding
as the Administrator may determine to the extent permitted by Applicable Laws, provided that, in all instances, the satisfaction of the Tax Withholding will not result in any adverse accounting consequence to the Company, as the Administrator may
determine in its sole discretion. The fair market value of the Shares to be withheld or delivered will be determined as of the date the amount of tax to be withheld is calculated or such other date as Administrator determines is applicable or
appropriate with respect to the Tax Withholding calculation. 
 (c) Compliance With Code
Section 409A. Unless the Administrator determines that compliance with Code Section 409A is not necessary, it is intended that Awards will be designed and operated so that they are either exempt or excepted from
the application of Code Section 409A or comply with any requirements necessary to avoid the imposition of additional tax under Code Section 409A(a)(1)(B) so that the grant, payment, settlement or deferral will not be subject to the
additional tax or interest applicable under Code Section 409A and the Plan and each Award Agreement will be interpreted consistent with this intent. This Section 16(c) is not a guarantee to any Participant of the consequences of his or her
Awards. In no event will the Company have any responsibility, liability or obligation to reimburse, indemnify or hold harmless Participant for any taxes that may be imposed or other costs that may be incurred, as a result of Section 409A. 

17. Other Terms. 

(a) No Effect on Employment or Service. Neither the Plan nor any Award will confer upon a Participant any right regarding continuing
the Participant’s relationship as a Service Provider with the Company or member of the Company Group, nor will they interfere with the Participant’s right, or the Participant’s employer’s right, to terminate such relationship at
any time free from any liability or claim under the Plan. 

  
 21 

 (b) Interpretation and Rules of Construction. The words “include,”
“includes” and “including” when used herein shall be deemed in each case to be followed by the words “without limitation.” 

(c) Plan Governs. In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of any
Grant Agreement, the terms and conditions of the Plan will prevail. 
 (d) Forfeiture Events. 

(i) All Awards granted under the Plan will be subject to recoupment under any clawback policy that the Company is required to adopt pursuant
to the listing standards of any national securities exchange or association on which the Company’s securities are listed or as is otherwise required by the Dodd-Frank Wall Street Reform and Consumer Protection Act or other Applicable Laws. In
addition, the Administrator may impose such other clawback, recovery or recoupment provisions in an Award Agreement as the Administrator determines necessary or appropriate, including without limitation to any reacquisition right regarding
previously acquired Shares or other cash or property. Unless this Section 17(d)(i) is specifically mentioned and waived in an Award Agreement or other document, no recovery of compensation under a clawback policy or otherwise will be an event
that triggers or contributes to any right of a Participant to resign for “good reason” or “constructive termination” (or similar term) under any agreement with the Company or a member of the Company Group. 

(ii) The Administrator may specify in an Award Agreement that the Participant’s rights, payments, and benefits with respect to an Award
will be subject to reduction, cancellation, forfeiture, or recoupment upon the occurrence of specified events, in addition to any otherwise applicable vesting or performance conditions of an Award. Such events may include, but will not be limited
to, termination of such Participant’s status as Service Provider for cause or any specified action or inaction by a Participant that would constitute cause for termination of such Participant’s status as a Service Provider. 

18. Term of Plan. Subject to Section 21, the Plan will become effective upon the later to occur of (a) its adoption by the
Board, (b) approval by the Company’s stockholders, or (c) the business day immediately prior to the Registration Date. The Plan will continue in effect until terminated under Section 19, but (i) no Incentive Stock Options
may be granted after 10 years from the earlier of the Board or stockholder approval of the Plan and (ii) Section 3(b) relating to automatic share reserve increase will operate only until the tenth anniversary of the earlier of the Board or
stockholder approval of the Plan. 
 19. Amendment and Termination of the Plan. 

(a) Amendment and Termination. The Administrator, in its sole discretion, may amend, alter, suspend or terminate the Plan or any part
thereof, at any time and for any reason. 
 (b) Stockholder Approval. The Company will obtain stockholder approval of any Plan
amendment to the extent necessary or desirable to comply with Applicable Laws. 

  
 22 

 (c) Consent of Participants Generally Required. Subject to Section 19(d) below,
no amendment, alteration, suspension or termination of the Plan or an Award under it will materially impair the rights of any Participant without a signed, written agreement authorized by the Administrator between the Participant and the Company.
Termination of the Plan will not affect the Administrator’s ability to exercise the powers granted to it regarding Awards granted under the Plan prior to such termination. 

(d) Exceptions to Consent Requirement. 

(i) A Participant’s rights will not be deemed to have been materially impaired by any amendment, alteration, suspension or termination
if the Administrator, in its sole discretion, determines that the amendment, alteration, suspension or termination taken as a whole, does not materially impair the Participant’s rights; and 

(ii) Subject to any limitations of Applicable Laws, the Administrator may amend the terms of any one or more Awards without the affected
Participant’s consent even if it does materially impair the Participant’s right if such amendment is done 
 (ii) in a manner
specified by the Plan, 
 (iii) to maintain the qualified status of the Award as an Incentive Stock Option under Code Section 422,

 (iv) to change the terms of an Incentive Stock Option, if such change results in impairment of the Award only because it impairs the
qualified status of the Award as an Incentive Stock Option under Code Section 422, 
 (v) to clarify the manner of exemption from Code
Section 409A or compliance with any requirements necessary to avoid the imposition of additional tax or interest under Code Section 409A(a)(1)(B), or 

(vi) to comply with other Applicable Laws. 

20. Conditions Upon Issuance of Shares. 

(a) Legal Compliance. The Company will make good faith efforts to comply with all Applicable Laws related to the issuance of Shares.
Shares will not be issued pursuant to an Award, including without limitation upon exercise or vesting thereof, as applicable, unless the issuance and delivery of such Shares and exercise or vesting of the Award, as applicable, will comply with
Applicable Laws. If required by the Administrator, issuance will be further subject to the approval of counsel for the Company with respect to such compliance. If the Company determines it to be impossible or impractical to obtain authority from any
regulatory body having jurisdiction or to complete or comply with the requirements of any Applicable Laws, registration or other qualification of the Shares under any state, federal or foreign law or under the rules and regulations of the U.S.
Securities and Exchange Commission, the stock exchange on which Shares of the same class are then listed, or any other governmental or regulatory body, which authority, registration, qualification or rule compliance is deemed by the Company’s
counsel to be necessary or advisable for the issuance and sale of any Shares hereunder, the Company will be relieved of any liability regarding the failure 

  
 23 

 
to issue or sell such Shares as to which such authority, registration, qualification or rule compliance was not obtained and the Administrator reserves the authority, without the consent of a
Participant, to terminate or cancel Awards with or without consideration in such a situation. 
 (b) Investment Representations. As a
condition to the exercise or vesting of an Award, the Company may require the person exercising such Award to represent and warrant during any such exercise or vesting that the Shares are being purchased only for investment and with no present
intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required. 
 (c)
Failure to Accept Award. If a Participant has not accepted an Award to the extent such acceptance has been requested or required by the Company or has not taken all administrative and other steps (e.g., setting up an account with a broker
designated by the Company) necessary for the Company to issue Shares upon the vesting, exercise, or settlement of the Award prior to the date that a portion of the Award is scheduled to vest, then the portion of the Award scheduled to vest on
such date will be cancelled on such date and the Shares subject to the Award covered by such portion immediately will revert to the Plan for no additional consideration unless otherwise provided by the Administrator. 

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

  
 24 

 RxSIGHT, INC. 

2021 EQUITY INCENTIVE PLAN 

NOTICE OF STOCK OPTION GRANT AND STOCK OPTION AGREEMENT 

Capitalized terms that are not defined in this Notice of Stock Option Grant and Stock Option Agreement (the “Notice of Grant”), the Terms and
Conditions of Stock Option Grant, the Non-U.S. Appendix attached hereto as Exhibit B and all other exhibits to these documents (all together, the “Agreement”) have the meanings given to them in the
RxSight, Inc. 2021 Equity Incentive Plan (the “Plan”). 
 The Participant has been granted an Option according to the terms below and subject
to the terms and conditions of the Plan and this Agreement: 
  

					
	Participant	  	  
	  	
			
	Participant I.D.	  	  
	  	
			
	Grant Number 	  	  
	  	
			
	Grant Date 	  	  
	  	
			
	Vesting Commencement Date	  	  
	  	
			
	Number of Shares Granted	  	  
	  	
			
	Exercise Price per Share	  	  
	  	
			
	Total Exercise Price	  	  
	  	
			
	Type of Option 	  	             Incentive Stock Option	  	
			
		  	             Nonstatutory Stock Option	  	
			
	Expiration Date	  	  
	  	

 Vesting Schedule: 

Subject to the conditions set forth in this Agreement, this Option shall be exercisable, in whole or in part, according to the following
vesting schedule (as such vesting schedule may be amended or modified from time to time in accordance with this Agreement and the Plan): 

[25% of the Shares subject to this Option shall vest on the 1 year anniversary of the Vesting Commencement Date, and 1/48th of the Shares subject to this Option shall vest each month thereafter on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the
month), subject to Participant continuing to be a Service Provider through each such date.] 

 For the avoidance of doubt, in the event of any conflict, discrepancy, or inconsistency
between the vesting schedule set forth above and the document or action of the Board or its authorized committee approving this Option pursuant to the Plan (the “Approval”), the Approval shall govern the initial vesting
terms. Any portion of this Option that shall vest on a monthly basis per such vesting schedule shall vest on the same day of the applicable vesting month as the Vesting Commencement Date set forth above (and if there is no corresponding day, on
the last day of such month), subject to Participant continuing to be a Service Provider through each such date.
 In addition to the vesting
terms set forth above for this award, this Option’s vesting will be accelerated in accordance with any vesting acceleration provisions approved by the Administrator. If the Participant ceases to be a Service Provider for any or no reason
before he or she fully vests in this Option, the unvested portion of this Option will terminate according to the terms of Section 4 of this Agreement. 

Adjustments to Vesting Schedule: 

Notwithstanding the aforementioned vesting schedule, in accordance with Section 11 of the Plan, unless the Administrator provides
otherwise or as otherwise required by Applicable Laws, (a) the vesting schedule of this Option will be adjusted or suspended during any leave of absence in accordance with the Company’s leave of absence and/or reduced work schedule and/or
part-time policy in effect at the time of such leave and (b) if, after the Grant Date of this Option, Participant commences working on a part-time or reduced work schedule basis, the vesting schedule will be adjusted in accordance with the
Company’s reduced work schedule/ part-time policy then in effect. 
 Exercise of Option: 

 

	 	(a)	 If the Participant dies or his or her status as a Service Provider is terminated due to his or her Disability,
the vested portion of this Option will remain exercisable for [12 months] after the Participant ceases to be a Service Provider. For any other termination of status as a Service Provider, the vested portion of this Option will remain exercisable for
[3 months] after the Participant ceases to be a Service Provider. 

  

	 	(b)	 If a Transaction occurs, Section 14 of the Plan may further limit this Option’s exercisability.

  

	 	(c)	 This Option will not be exercisable after the Expiration Date, except as may be permitted in accordance with
Section 6(h) of the Plan (which tolls expiration in very limited cases when there are legal restrictions on exercise). 

 The
Participant’s signature below (or Participant’s electronic signature or other electronic acknowledgement or acceptance of this Agreement or Award) indicates that: 
  

	 	(i)	 He or she agrees that this Option is granted under and governed by the terms and conditions of the Plan and
this Agreement, including their exhibits and appendices. 

  

	 	(ii)	 He or she understands that the Company is not providing any tax, legal, or financial advice and is not making
any recommendations regarding his or her participation in the Plan or his or her acquisition or sale of Shares. 

  
 - 2 - 

	 	(iii)	 He or she has reviewed the Plan and this Agreement, has had an opportunity to obtain the advice of personal
tax, legal, and financial advisors prior to signing this Agreement, and fully understands all provisions of the Plan and Agreement. He or she will consult with his or her own personal tax, legal, and financial advisors before taking any action
related to the Plan. 

  

	 	(iv)	 He or she has read and agrees to each provision of Sections 10, 11 and 12 of this Agreement.

  

	 	(v)	 He or she will notify the Company of any change to the contact address below. 

 

	 	(vi)	 He or she acknowledges and agrees that this Option will be subject to recoupment under any clawback policy that
the Company adopts pursuant to Section 17(d) of the Plan. 

  

			
	PARTICIPANT
	
	  

	Signature

			
		
	Address:	 	  

		
		 	  

		
		 	  

  
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 EXHIBIT A 

TERMS AND CONDITIONS OF STOCK OPTION GRANT 

1. Grant. The Company grants the Participant an Option to purchase Shares of Common Stock as described in the Notice of Grant. If there
is a conflict between the Plan, this Agreement, or any other agreement with the Participant governing this Option, those documents will take precedence and prevail in the following order: (a) the Plan, (b) the Agreement, and (c) any
other agreement between the Company and the Participant governing this Option. 
 If the Notice of Grant designates this Option as an
Incentive Stock Option (“ISO”), this Option is intended to qualify as an ISO under Code Section 422. Even if this Option is designated an ISO, to the extent it first become exercisable as to more than $100,000 in any calendar
year, the portion in excess of $100,000 is not an ISO under Code Section 422(d) and that portion will be a Nonstatutory Stock Option (“NSO”). In addition, if the Participant exercises this Option after three
(3) months have passed since he or she ceased to be an employee of the Company or a Parent or Subsidiary of the Company, it generally will no longer be an ISO (however, different rules apply to cessation of employee status due to death or
Disability). If there is any other reason this Option (or a portion of it) will not qualify as an ISO, to the extent of such nonqualification, this Option will be an NSO. The Participant understands that he or she will have no recourse against
the Administrator, any member of the Company Group, or any officer or director of a member of the Company Group if any portion of this Option is not an ISO. 

2. Vesting. This Option will only be exercisable (also referred to as vested) under the Vesting Schedule in the Notice of Grant,
Section 3 of this Agreement, or Section 14 of the Plan. Shares scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest unless the Participant continues to be a Service Provider until the time such
vesting is scheduled to occur. 
 3. Administrator Discretion. The Administrator has the discretion to accelerate the vesting of any
portion of this Option. In that case, this Option will be vested as of the date and to the extent specified by the Administrator. 
 4.
Forfeiture upon Cessation of Status as a Service Provider. Upon the Participant’s termination as a Service Provider for any reason, this Option will immediately stop vesting and any portion of this Option that has not yet vested will be
immediately forfeited for no consideration upon the date that Participant ceases to be a Service Provider for any reason, in all cases, subject to Applicable Laws. For purposes of this Option, the Participant’s status as a Service Provider will
be considered to be terminated as of the date the Participant is no longer actively providing services to the Company, or if different, the Participant’s employer (the “Employer”) or the Subsidiary or Parent to which the
Participant is providing services (the Employer, Subsidiary or Parent, as applicable, the “Service Recipient”) or other member of the Company Group (regardless of the reason for such termination and whether or not later found to be
invalid or in breach of employment laws in the jurisdiction where the Participant is a Service Provider or the terms of the Participant’s employment or service agreement, if any), and unless otherwise expressly provided in this Agreement or
determined by the Administrator, the Participant’s right to vest in this Option under the Plan, if any, will terminate as of such date and the Participant’s right to exercise the Option after termination, if any, will be measured from such
date, and will not be extended by any notice period (e.g., the Participant’s period of service would not include any contractual notice period or any 

  
 - 4 - 

 
period of “garden leave” or similar period mandated under employment laws in the jurisdiction where the Participant is a Service Provider or the terms of the Participant’s
employment or service agreement, if any). The Administrator shall have the exclusive discretion to determine when the Participant is no longer actively providing services for purposes of this Option (including whether the Participant may still be
considered to be providing services while on a leave of absence). 
 5. Death of Participant. Any distribution or delivery to be made
to the Participant under this Agreement will, if he or she is then deceased, be made to the administrator or executor of his or her estate or, if the Administrator permits, his or her designated beneficiary, unless otherwise required to comply with
Applicable Laws. Any such transferee must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws
or regulations that apply to the transfer. 
 6. Exercise of Option. 

(a) Right to Exercise. This Option may be exercised only before its Expiration Date and only under the Plan and this Agreement. 

(b) Method of Exercise. To exercise this Option, the Participant must deliver and the Administrator must receive an exercise notice
according to procedures determined by the Administrator. The exercise notice must: 
 (i) state the number of Shares as to which this
Option is being exercised (“Exercised Shares”), 
 (ii) make any representations or agreements required by the Company,

 (iii) be accompanied by a payment of the total exercise price for all Exercised Shares, and 

(iv) be accompanied by a payment of all required Tax Withholdings for all Exercised Shares. 

This Option is exercised when both the exercise notice and payments due under Sections 6(b)(iii) and 6(b)(iv) have been received by the Company for all
Exercised Shares. The Administrator may designate a particular exercise notice to be used, but until a designation is made, the exercise notice attached to this Agreement as Exhibit C may be used. 

7. Method of Payment. The Participant may pay the total exercise price for Exercised Shares by any of the following methods or a
combination of methods: 
 (a) cash; 

(b) check; 
 (c) wire transfer;

  
 - 5 - 

 (d) consideration received by the Company under a formal cashless exercise program adopted
by the Company; or 
 (e) surrender of other Shares, as long as the Company determines that accepting such Shares does not result in any
adverse accounting consequences to the Company. If Shares are surrendered, the value of those Shares will be the fair market value for those Shares on the date they are surrendered. 

A non-U.S. resident’s methods of exercise may be restricted by the terms and condition of any appendix to this
Agreement for the Participant’s country (the “Appendix”). 
 8. Tax Obligations. 

(a) Tax Withholding. 

(i) No Shares will be issued to the Participant until he or she makes satisfactory arrangements (as determined by the Administrator) for the
payment of Tax Withholdings. If the Participant is a non-U.S. employee, the method of payment of Tax Withholdings may be restricted by any Appendix. If the Participant fails to make satisfactory
arrangements for the payment of any Tax Withholdings under this Agreement at the time of an attempted Option exercise, the Company may refuse to honor the exercise and refuse to deliver the Shares, to the extent permitted by Applicable Laws. 

(ii) The Company also has the right (but not the obligation) to satisfy any Tax Withholdings: (a) by reducing the number of Shares
otherwise deliverable to the Participant; (b) by requiring payment by cash or check made payable to the Company and/or any Service Recipient with respect to which the withholding obligation arises; (c) by deduction of such amount from
salary, wages or other compensation payable to the Participant; or (d) in any combination of the foregoing, or any other method determined by the Administrator to be compliance with Applicable Laws. 

(iii) The Company may withhold or account for Tax Withholdings by considering statutory or other withholding rates, including minimum or
maximum rates applicable in the Participant’s jurisdiction(s). In the event of over-withholding, the Participant may receive a refund of any over-withheld amount in cash (with no entitlement to the equivalent in Common Stock), or if not
refunded, the Participant may seek a refund from the local tax authorities. In the event of under-withholding, the Participant may be required to pay any additional Tax Withholdings directly to the applicable tax authority or to the Company and/or
the Employer(s). If the obligation for Tax Withholdings is satisfied by withholding in Shares, for tax purposes, the Participant will be deemed to have been issued the full number of Shares exercised, notwithstanding that a number of the Shares is
held back solely for the purpose of paying the Tax Withholdings. 
 (iv) Further, if the Participant is subject to taxation in more than
one jurisdiction between the Grant Date and the date of any relevant taxable or tax withholding event, the Company or the Employer(s) or former Employer(s) may withhold or account for tax in more than one jurisdiction. 

(v) Regardless of any action of the Company or the Employer(s), the Participant acknowledges that the ultimate liability for all Tax
Withholdings and any and all additional taxes related to the Option, the Shares or other amounts or property delivered under the Option and the Participant’s participation in the Plan is and remains his or her responsibility and may exceed the
amount actually 

  
 - 6 - 

 
withheld by the Company or the Employer(s). The Participant further acknowledges that the Company and the Employer(s) (1) make no representations or undertakings regarding the treatment of
any Tax Withholdings in connection with any aspect of this Option; and (2) do not commit to and are under no obligation to structure the terms of the grant or any aspect of this Option to reduce or eliminate his or her liability for Tax
Withholdings or achieve any particular tax result. 
 (vi) For U.S. taxpayers, under Code Section 409A, a stock right (such as this
Option) that vests after December 31, 2004 (or that vested on or prior to such date but which was materially modified after October 3, 2004) that was granted with a per share exercise price that is determined by the U.S. Internal Revenue
Service (the “IRS”) to be less than the fair market value of an underlying share on the date of grant (a “discount option”) may be considered “deferred compensation.” A stock right that is a “discount
option” may result in (1) income recognition by the recipient of the stock right prior to the exercise of the stock right, (2) an additional 20% U.S. federal income tax, and (3) potential penalty and interest charges. The
“discount option” may also result in additional U.S. state income, penalty and interest tax to the recipient of the stock right. Participant is hereby notified that the Company cannot and has not guaranteed that the IRS will agree that the
per Share exercise price of this Option equals or exceeds the fair market value of a Share on the Grant Date in a later examination. Participant is hereby notified that if the IRS determines that this Option was granted with a per Share exercise
price that was less than the fair market value of a Share on the Grant Date, Participant shall be solely responsible for Participant’s costs related to such a determination. 

(b) Tax Reporting. This Section 8(b) applies if the Participant is a U.S. income taxpayer. If this Option is partially or wholly
an ISO, and if the Participant sells or otherwise disposes of any the Shares acquired by exercising the ISO portion on or before the later of (i) the date two (2) years after the Grant Date, or (ii) the date one (1) year after
the date of exercise, he or she may be subject to withholding of Tax Withholdings by the Company on the compensation income recognized by him or her and must immediately notify the Company in writing of the disposition. 

9. Rights as Stockholder. The Participant’s or any other person’s rights as a stockholder of the Company (including the right
to vote and to receive dividends and distributions) will not begin until Shares have been issued and recorded on the records of the Company or its transfer agents or registrars. 

10. Acknowledgements and Agreements. The Participant’s signature on the Notice of Grant accepting this Option indicates that: 

(a) HE OR SHE ACKNOWLEDGES AND AGREES THAT THE VESTING OF THIS OPTION IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AND THAT BEING HIRED,
GRANTED THIS OPTION, AND EXERCISING THIS OPTION WILL NOT RESULT IN VESTING. 
 (b) HE OR SHE FURTHER ACKNOWLEDGES AND AGREES THAT THIS
OPTION AND AGREEMENT DO NOT CREATE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH HIS OR HER RIGHT OR THE RIGHT OF THE EMPLOYER(S)
TO TERMINATE HIS OR HER RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE, SUBJECT TO APPLICABLE LAWS. 

  
 - 7 - 

 (c) The Participant agrees that this Agreement and its incorporated documents reflect all
agreements on its subject matters and that he or she is not accepting this Agreement based on any promises, representations, or inducements other than those reflected in the Agreement. 

(d) The Participant understands that exercise of this Option is governed strictly by Sections 6, 7, and 8 of this Agreement and that
failure to comply with those Sections could result in the expiration of this Option, even if an attempt was made to exercise. 
 (e) The
Participant agrees that the Company’s delivery of any documents related to the Plan or this Option (including the Plan, the Agreement, the Plan’s prospectus and any reports of the Company provided generally to the Company’s
stockholders) to him or her may be made by electronic delivery, which may include but does not necessarily include the delivery of a link to a Company intranet or the Internet site of a third party involved in administering the Plan, the delivery of
the document via e-mail, or any other means of electronic delivery specified by the Company. If the attempted electronic delivery of such documents fails, the Participant will be provided with a paper copy of
the documents. The Participant acknowledges that he or she may receive from the Company a paper copy of any documents that were delivered electronically at no cost to him or her by contacting the Company by telephone or in writing. The Participant
may revoke his or her consent to the electronic delivery of documents or may change the electronic mail address to which such documents are to be delivered (if the Participant has provided an electronic mail address) at any time by notifying the
Company of such revoked consent or revised e-mail address by telephone, postal service or electronic mail. Finally, the Participant understands that he or she is not required to consent to electronic delivery
of documents. 
 (f) The Participant may deliver any documents related to the Plan or this Option to the Company by e-mail or any other means of electronic delivery approved by the Administrator, but he or she must provide the Company or any designated third party administrator with a paper copy of any documents if his or her
attempted electronic delivery of such documents fails. 
 (g) The Participant accepts that all good faith decisions or interpretations of
the Administrator regarding the Plan and Awards under the Plan are binding, conclusive, and final. No member of the Administrator will be personally liable for any such decisions or interpretations. 

(h) The Participant agrees that the Plan is established voluntarily by the Company, is discretionary in nature, and may be amended, suspended,
or terminated by the Company at any time, to the extent permitted by the Plan. 
 (i) The Participant agrees that the grant of this Option
is exceptional, voluntary and occasional and does not create any contractual or other right to receive future grants of options, or benefits in lieu of options, even if options have been granted in the past. 

(j) The Participant agrees that any decisions regarding future Awards will be in the Company’s sole discretion. 

(k) The Participant agrees that he or she is voluntarily participating in the Plan. 

  
 - 8 - 

 (l) The Participant agrees that this Option and any Shares acquired under the Plan are not
intended to replace any pension rights or compensation. 
 (m) The Participant agrees that this Option, any Shares acquired under the Plan,
and their income and value are not part of normal or expected compensation for any purpose, including for calculating any severance, resignation, termination, redundancy, dismissal,
end-of-service payments, bonuses, holiday pay, long-service awards, pension or retirement or welfare benefits, or similar payments. 

(n) The Participant agrees that the future value of the Shares underlying this Option is unknown, indeterminable, and cannot be predicted with
certainty. 
 (o) The Participant understands that if the underlying Shares do not increase in value, this Option will have no intrinsic
monetary value. 
 (p) The Participant understands that if this Option is exercised, the value of each Share received on exercise may
increase or decrease in value, even below the Exercise Price. 
 (q) The Participant agrees that no member of the Company Group is liable
for any foreign exchange rate fluctuation between the Participant’s local currency and the United States Dollar that may affect the value of this Option or of any amounts due to him or her from the exercise of this Option or the subsequent sale
of any Shares acquired upon exercise. 
 (r) Unless otherwise provided in the Plan or by the Administrator in its discretion, this Option
and the benefits evidenced in this Agreement do not create any entitlement to have this Option or any such benefits transferred to, or assumed by, another company, nor to be exchanged, cashed out or substituted for, in connection with any corporate
transaction affecting the Shares. 
 (s) The Participant agrees that he or she has no claim or entitlement to compensation or damages from
any forfeiture of this Option resulting from the termination of his or her status as a Service Provider (for any reason whatsoever, whether or not later found to be invalid or in breach of employment laws in the jurisdiction where he or she is a
Service Provider or the terms of his or her service agreement, if any). 
 11. Data Privacy.  

(a) The Participant voluntarily consents to the collection, use and transfer, in electronic or other form, of his or her personal data as
described in this Agreement and any other Award materials (“Data”) by and among, as applicable, the Employer(s), the Company and any member of the Company Group for the exclusive purpose of implementing, administering, and managing
his or her participation in the Plan. 
 (b) The Participant understands that the Company and the Employer(s) may hold certain
personal information about him or her, including, but not limited to, his or her name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or
directorships held in the Company, details of all equity awards or any other entitlement to stock awarded, canceled, exercised, vested, unvested or outstanding in his or her favor, for the exclusive purpose of implementing, administering, and
managing the Plan. 

  
 - 9 - 

 (c) The Participant understands that Data will be transferred to one or more a stock plan
service provider(s) selected by the Company, which may assist the Company with the implementation, administration, and management of the Plan. The Participant understands that the recipients of the Data may be located in the United States or
elsewhere, and that the recipient’s country (e.g., the United States) may have different data privacy laws and protections than his or her country. The Participant understands that if he or she resides outside the United States, he or she may
request a list with the names and addresses of any potential recipients of the Data by contacting his or her local human resources representative. The Participant authorizes the Company and any other possible recipients that may assist the Company
(presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing his or her
participation in the Plan. 
 (d) The Participant understands that Data will be held only as long as is necessary to implement,
administer and manage his or her participation in the Plan. The Participant understands that if he or she resides in certain jurisdictions outside the United States, to the extent required by Applicable Laws, he or she may, at any time, request
access to Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents given by accepting this Option, in any case without cost, by contacting in writing
his or her local human resources representative. Further, the Participant understands that he or she is providing these consents on a purely voluntary basis. If the Participant does not consent or if he or she later seeks to revoke his or her
consent, his or her engagement as a Service Provider with the Employer(s) will not be adversely affected; the only consequence of refusing or withdrawing his or her consent is that the Company will not be able to grant him or her awards under the
Plan or administer or maintain awards. Therefore, the Participant understands that refusing or withdrawing his or her consent may affect his or her ability to participate in the Plan (including the right to retain this Option). The Participant
understands that he or she may contact his or her local human resources representative for more information on the consequences of his or her refusal to consent or withdrawal of consent. 

12. Insider Trading Restrictions/Market Abuse Laws. The Participant acknowledges that he or she may be subject to insider trading
restrictions and/or market abuse laws in applicable jurisdictions including, but not limited to, the United States and the Participant’s country of residence, which may affect the Participant’s ability to acquire or sell Shares or rights
to Shares (e.g., this Option) under the Plan during such time as the Participant is considered to have “inside information” regarding the Company (as defined by the laws in the applicable jurisdictions). Local insider trading laws and
regulations may prohibit the cancellation or amendment of orders the Participant placed before the Participant possessed inside information. Furthermore, the Participant could be prohibited from (i) disclosing the inside information to any third
party and (ii) “tipping” third parties or causing them otherwise to buy or sell securities. The Participant should keep in mind third parties includes fellow employees. Any restrictions under these laws or regulations are separate from and
in addition to any restrictions that may be imposed under any applicable insider trading policy of the Company. The Participant is responsible for ensuring compliance with any applicable restrictions and should consult with his or her personal legal
advisor on this matter. 
 13. Foreign Asset/Account Reporting Requirements. Depending on the Participant’s country, the
Participant may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a result of the vesting or exercise of this Option, the acquisition, holding and/or transfer

  
 - 10 - 

 
of Shares or cash resulting from participation in the Plan and/or the opening and maintaining of a brokerage or bank account in connection with the Plan. The Participant may be required to report
such assets, accounts, account balances and values, and/or related transactions to the applicable authorities in his or her country. The Participant may also be required to repatriate sale proceeds or other funds received as a result of his or her
participation in the Plan to his or her country through a designated bank or broker and/or within a certain time after receipt. The Participant acknowledges that he or she is responsible for ensuring compliance with any applicable foreign
asset/account, exchange control and tax reporting and other requirements. The Participant further understands that he or she should consult the Participant’s personal tax and legal advisors, as applicable on these matters. 

14. Miscellaneous 
 (a)
Address for Notices. Any notice to be given to the Company under the terms of this Agreement must be addressed to the Company at RxSight, Inc., 100 Columbia, Aliso Viejo, CA 92656 , USA until the Company designates another address in writing.

 (b) Non-Transferability of Option. This Option may not be transferred other than by will
or the applicable laws of descent or distribution and may be exercised during the lifetime of the Participant only by him or her or his or her representative following a Disability. 

(c) Binding Agreement. If this Option is transferred, this Agreement will be binding upon and inure to the benefit of the heirs,
legatees, legal representatives, successors, and assigns of the parties to this Agreement. 
 (d) Additional Conditions to Issuance of
Stock. In accordance with Section 20 of the Plan, if at any time the Company determines, in its discretion, that the listing, registration, qualification or rule compliance of the Shares upon any securities exchange or under any U.S. or non-U.S. federal, state or local law the tax Code and related regulations or under the rulings or regulations of the United States Securities and Exchange Commission or any other governmental regulatory body or the
clearance, consent or approval of the United States Securities and Exchange Commission or any other governmental regulatory authority is necessary or desirable as a condition to the issuance of Shares to Participant hereunder, such issuance will not
occur unless and until such listing, registration, qualification, rule compliance, clearance, consent or approval will have been completed, effected or obtained free of any conditions not acceptable to the Company. 

(e) Captions. Captions provided in this Agreement are for convenience only and are not to serve as a basis for interpretation or
construction of this Agreement. 
 (f) Agreement Severable. If any provision of this Agreement is held invalid or unenforceable, that
provision will be severed from the remaining provisions of this Agreement and the invalidity or unenforceability will have no effect on the remainder of the Agreement. 

(g) Non-U.S. Appendix. This Option is subject to any special terms and conditions set forth in
any Appendix. If the Participant relocates to a country included in the Appendix, the special terms and conditions for that country will apply to him or her to the extent the Company determines that applying such terms and conditions is necessary or
advisable for legal or administrative reasons. 

  
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 (h) Imposition of Other Requirements. The Company reserves the right to impose
other requirements on this Option and the Shares subject to this Option, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require Participant to sign any additional agreements or
undertakings that may be necessary to accomplish the foregoing. 
 (i) Choice of Law; Choice of Forum. The Plan, this Agreement, this
Option, and all determinations made and actions taken under the Plan, to the extent not otherwise governed by the laws of the United States, will be governed by the laws of the State of Delaware without giving effect to principles of conflicts of
law. For purposes of litigating any dispute that arises under the Plan, the Participant’s acceptance of this Option is his or her consent to the jurisdiction of the State of Delaware and his or her agreement that any such litigation will be
conducted in the Delaware Court of Chancery or the federal courts for the United States for the District of Delaware and no other courts, regardless of where he or she is performing services. 

(j) Modifications to the Agreement. The Plan and this Agreement constitute the entire understanding of the parties on the subjects
covered. The Participant expressly warrants that he or she is not accepting this Agreement in reliance on any promises, representations, or inducements other than those contained herein. Other than as specified in Section 19(d) of the Plan,
modifications to this Agreement or the Plan can be made only in an express written contract executed by a duly authorized officer of the Company. The Company reserves the right to revise the Agreement as it deems necessary or advisable, in its sole
discretion and without the consent of the Participant, to comply with Code Section 409A, to otherwise avoid imposition of any additional tax or income recognition under Code Section 409A in connection with this Option, or to comply with
other Applicable Laws. 
 (k) Waiver. The Participant acknowledges that a waiver by the Company of a breach of any provision of this
Agreement will not operate or be construed as a waiver of any other provision of this Agreement or of any subsequent breach of this Agreement by him or her. 

(l) Language. If Participant has received this Agreement, or any other document related to this Option and/or the Plan translated
into a language other than English and if the meaning of the translated version is different than the English version, the English version will control. 

  
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 EXHIBIT B1 

APPENDIX TO STOCK OPTION AGREEMENT 

Terms and Conditions 
 This Appendix to Stock
Option Agreement (the “Appendix”) includes additional terms and conditions that govern this Option granted to the Participant under the Plan if he or she resides in one of the countries listed below on the Grant Date or he or she
moves to one of the listed countries. Unless otherwise defined herein, capitalized terms sued but not defined herein shall have the same meanings as set forth in the Plan and this Agreement. 

If the Participant is a citizen or resident of a country (or if the Participant is considered as such for local law purposes) other than the one in which the
Participant is currently residing and/or working, or if the Participant transfers to another country after being granted the Option, the Company will, in its discretion, determine the extent to which the terms and conditions contained herein will be
applicable to the Participant. 
 Notifications 

This Appendix may also include information regarding exchange controls and certain other issues of which the Participant should be aware with respect to
participation in the Plan. The information is based on the securities, exchange control, and other Applicable Laws in effect in the respective countries as of [DATE] 2021. Such Applicable Laws are often complex and change frequently. As a result,
the Company strongly recommends that the Participant not rely on the information in this Appendix as the only source of information relating to the consequences of participation in the Plan because the information may be out of date at the time the
Participant sells Shares acquired under the Plan. 
 In addition, the information contained in this Appendix is general in nature and may not apply to the
Participant’s particular situation, and the Company is not in a position to assure him or her of a particular result. The Participant is advised to seek appropriate professional advice as to how the Applicable Laws in his or her country may
apply to his or her situation. 
 Finally, if the Participant is a citizen or resident of a country other than the one in which he or she is currently
working, transfers employment after this Option is granted, or is considered a resident of another country for local law purposes, the information in this Appendix may not apply to him or her, and the Administrator will determine to what extent the
terms and conditions in this Appendix apply. 
 Countries 

[Insert] 
  

	1 	 NTD: To be completed by applicable local counsel. 

 EXHIBIT C 

RXSIGHT, INC. 
 2021
EQUITY INCENTIVE PLAN 
 EXERCISE NOTICE 

RxSight, Inc. 
 100 Columbia 

Aliso Viejo, CA 92656 
 Attention: Stock Administration 

 

			
	Purchaser Name:	 	  

		
	Grant Date of Stock Option (the “Option”):	 	  

		
	Grant Number:	 	  

		
	Exercise Date:	 	  

		
	Number of Shares Exercised:	 	  

		
	Per Share Exercise Price:	 	  

		
	Total Exercise Price:	 	  

		
	Exercise Price Payment Method:	 	  

		
	Tax Withholdings Payment Method:	 	  

 The information in the table above is incorporated in this Exercise Notice. 

1. Exercise of Option. Effective as of the Exercise Date, I elect to purchase the Number of Shares Exercised (“Exercised
Shares”) under the Stock Option Agreement for this Option (the “Agreement”) for the Total Exercise Price. Capitalized terms used but not defined in this Exercise Notice have the meanings given to them in the 2021
Equity Incentive Plan (the “Plan”) and/or the Agreement. 
 2. Delivery of Payment. With this Exercise Notice,
I am delivering the Total Exercise Price and any required Tax Withholdings to be paid in connection with the purchase of the Exercised Shares. I am paying my total purchase price by the Exercise Price Payment Method and the Tax Withholdings by the
Tax Withholdings Payment Method. 
 3. Representations of Purchaser. I acknowledge that: 

(a) I have received, read, and understood the Plan and the Agreement and agree to be bound by their terms and conditions. 

  
 - 2 - 

 (b) The exercise will not be completed until this Exercise Notice, Total Exercise Price, and
all Tax-Related Payments are received by the Company. 
 (c) I have no rights as a stockholder of
the Company (including the right to vote and receive dividends and distributions) on the Exercised Shares until the Exercised Shares have been issued and recorded on the records of the Company or its transfer agents or registrars. 

(d) No adjustment will be made for a dividend or other right for which the record date is before the date of issuance, except for adjustments
under Section 13 of the Plan. 
 (e) There may be adverse tax consequences to exercising this Option, and I am not relying on the
Company for tax advice and have had an opportunity to obtain the advice of personal tax, legal, and financial advisors prior to exercising. 

(f) The modification and choice of law provisions of the Agreement also govern this Exercise Notice. 

4. Entire Agreement; Choice of Law; Choice of Forum. The Plan and the Agreement are incorporated by reference. This Exercise Notice,
the Plan, and the Agreement are the entire agreement of the parties with respect to this Options and this exercise and supersede in their entirety all prior undertakings and agreements of the Company and Purchaser with respect to their subject
matter. The Plan, the Agreement, and this Exercise Notice, to the extent not otherwise governed by the laws of the United States, will be governed by the laws of the State of Delaware without giving effect to principles of conflicts of law. For
purposes of litigating any dispute that arises under the Plan (including without limitation under this Exercise Notice), the Participant consents to the jurisdiction of the State of Delaware and any such litigation being conducted in the Delaware
Court of Chancery or the federal courts for the United States for the District of Delaware and no other courts, regardless of where he or she is performing services. 

Submitted by: 
  

			
	PURCHASER
	
	  

	Signature

			
		
	Address:	 	  

		
		 	  

		
		 	  

  
 - 3 - 

 RxSIGHT, INC. 

2021 EQUITY INCENTIVE PLAN 

NOTICE OF RESTRICTED STOCK UNIT AWARD AND 

RESTRICTED STOCK UNIT AGREEMENT 

Capitalized terms that are not defined in this Notice of Restricted Stock Unit Award and Restricted Stock Unit Agreement (the “Notice of
Grant”), the Terms and Conditions of Restricted Stock Unit Award, the Non-U.S. Appendix attached hereto as Exhibit B and all other exhibits to these documents (all together, the
“Agreement”) have the meanings given to them in the RxSight, Inc. 2021 Equity Incentive Plan (the “Plan”). 
 The
Participant has been granted this Restricted Stock Unit (“RSU”) award according to the terms below and subject to the terms and conditions of the Plan and this Agreement, as follows: 

 

					
	Participant	  	  
	  	
			
	Participant I.D.	  	  
	  	
			
	Grant Number 	  	  
	  	
			
	Grant Date 	  	  
	  	
			
	Vesting Commencement Date	  	  
	  	
			
	Number of RSUs Granted	  	  
	  	

 Vesting Schedule: 

Subject to the acceleration of vesting provisions herein, the RSUs subject to this Agreement will vest as follows: 

[1/16th of these RSUs will be scheduled to vest on each Quarterly Vesting Date following
the Vesting Commencement Date, subject to the Participant continuing to be a Service Provider through the applicable vesting date.] 
 A
“Quarterly Vesting Date” is the first trading day on or after each of [February 20, May 20, August 20, and November 20]. 

If the Participant ceases to be a Service Provider for any or no reason before he or she fully vests in these RSUs, the unvested RSUs will terminate according
to the terms of Section 5 of this Agreement. 

 The Participant’s signature below (or Participant’s electronic signature or other electronic
acknowledgement or acceptance of this Agreement or Award) indicates that: 
  

	 	(i)	 He or she agrees that this Restricted Stock Unit award is granted under and governed by the terms and
conditions of the Plan and this Agreement, including their exhibits and appendices. 

  

	 	(ii)	 He or she understands that the Company is not providing any tax, legal, or financial advice and is not making
any recommendations regarding his or her participation in the Plan or his or her acquisition or sale of Shares. 

  

	 	(iii)	 He or she has reviewed the Plan and this Agreement, has had an opportunity to obtain the advice of personal
tax, legal, and financial advisors prior to signing this Agreement, and fully understands all provisions of the Plan and Agreement. He or she will consult with his or her own personal tax, legal, and financial advisors before taking any action
related to the Plan. 

  

	 	(iv)	 He or she has read and agrees to each provision of Sections 9, 10 and 11 of this Agreement.

  

	 	(v)	 He or she will notify the Company of any change to the contact address below. 

 

	 	(vi)	 He or she acknowledges and agrees that unless otherwise required to comply with Applicable Laws, these RSUs
will be subject to recoupment under any clawback policy that the Company adopts pursuant to Section 17(d) of the Plan. 

  

			
	PARTICIPANT
	
	  

	Signature

			
		
	Address:	 	  

		
		 	  

		
		 	  

  
 - 2 - 

 EXHIBIT A 

TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT AWARD 

1. Grant. The Company grants the Participant an award of RSUs as described in the Notice of Grant. If there is a conflict between the
Plan, this Agreement, or any other agreement with the Participant governing these RSUs, those documents will take precedence and prevail in the following order: (a) the Plan, (b) the Agreement, and (c) any other agreement between the
Company and the Participant governing these RSUs. 
 2. Company’s Obligation to Pay. Each RSU is a right to
receive a Share or, in the sole discretion of the Administrator, an amount in cash equal to the Fair Market Value of one Share, on the date it vests. Until an RSU vests, the Participant has no right to payment of the Share. Before a vested RSU is
paid, the RSU is an unsecured obligation of the Company, payable (if at all) only from the Company’s general assets. A vested RSU will be paid to the Participant (or in the event of his or her death, to his or her estate or such other person as
specified in Section 6 below) in whole Shares or cash. Subject to the provisions of Section 4(b) and notwithstanding anything in the Plan to the contrary, each vested RSU that has met all requirements for settlement under this Agreement
(including with respect to RSUs that the Administrator determines will be settled in cash) will be settled no later than the applicable Settlement Deadline. “Settlement Deadline” with respect to a particular vested RSU means as soon
as practicable after vesting (but no later than sixty (60) days following the vesting date (or, if earlier, no later than March 15 of the calendar year following the calendar year in which occurs the first date on which the applicable RSU
is no longer subject to a substantial risk of forfeiture for purposes of Section 409A)). If any RSU has not met all the requirements for settlement under this Agreement in a manner that would allow it to be settled by the applicable Settlement
Deadline, such RSU will be forfeited as of immediately following the applicable Settlement Deadline. In no event will Participant be permitted, directly or indirectly, to specify the taxable year or date of settlement of any RSUs under this
Agreement. For the avoidance of doubt, there may be multiple Settlement Deadlines, with each such Settlement Deadline corresponding to a particular RSU. 

3. Vesting. These RSUs will vest only under the Vesting Schedule in the Notice of Grant, Section 4 of this Agreement, or
Section 13 of the Plan. RSUs scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest unless the Participant continues to be a Service Provider until the time such vesting is scheduled to occur. 

4. Acceleration; Amendment. 

(a) Discretionary Acceleration or Amendment. The Administrator may, pursuant to its authority under, and in accordance with,
Section 4(b)(v), Section 4(b)(ix), Section 4(b)(xiv) and Section 9(c) of the Plan, in its discretion, unilaterally (x) accelerate, in whole or in part, the vesting of these RSUs, (y) waive or decrease some or all of the
requirements required for vesting of unvested RSUs at any time, or (z) waive or decrease some or all of the requirements for settlement of RSUs at any time, in each case, subject to the terms of the Plan but without the need for Participant
consent in any instance, and subject to Section 13(j) of this Agreement; provided, however, that no such acceleration, waiver or decrease shall occur or be effective unless such modification would result in this RSU award
remaining exempt or excepted from the requirements of Code Section 409A pursuant to the “short-term deferral” 

  
 - 3 - 

 
exception or another exception or exemption under Code Section 409A, or otherwise complying with Code Section 409A, in each case such that none of this Agreement, the RSUs provided
under this Agreement, or Shares issuable hereunder will be subject to the additional tax imposed under Code Section 409A. If so modified, the vesting date with respect to the applicable RSUs will be deemed for all purposes of this Agreement to
be the date specified by the Administrator (provided, that, for purposes of determining the applicable settlement deadline under Section 1 of this Agreement with respect to such RSUs, the vesting date will be deemed to be no later than
the first date on which the RSUs are no longer subject to a substantial risk of forfeiture for purposes of Code Section 409A). The settlement of RSUs through Shares pursuant to this Section 4(a) shall in all cases be no later than the
applicable settlement deadline as set forth in Section 1 of this Agreement and at a time or in a manner that is exempt from, or complies with, Code Section 409A. The prior sentence may be superseded in a future agreement or amendment to
this Agreement only by direct and specific reference to such sentence. 
 (b) The Company’s intent is that this RSU award be exempt or
excepted from the requirements of Code Section 409A. However, in an abundance of caution, the Company is including in this subsection, certain Code Section 409A rules that only apply if these RSUs are not exempt or excepted, and then only
in certain circumstances. Specifically, Code Section 409A contains rules that must apply to these RSUs if (a) they are not exempt or excepted from Code Section 409A, (b) the Company has any stock that is publicly traded on an
established securities market or otherwise at the time Participant’s service terminates, (c) Participant receives acceleration of vesting of these RSUs in connection with a termination of service, and (d) at the time of such
termination, Participant is considered a “specified employee” under the Code Section 409A rules. Should these rules ever become applicable to Participant’s RSUs, then notwithstanding anything in the Plan, this Agreement or any
other agreement (whether entered into before, on or after the Grant Date) to the contrary, if the vesting of these RSUs is accelerated in connection with Participant’s termination as a Service Provider (provided that such termination is
a “separation from service” within the meaning of Code Section 409A, as determined by the Company), other than due to Participant’s death, and if (x) Participant is a U.S. taxpayer and a “specified employee” within
the meaning of Code Section 409A at the time of such termination as a Service Provider and (y) the settlement of such accelerated RSUs will result in the imposition of additional tax under Code Section 409A if such settlement is on or
within the six (6) month period following Participant’s termination as a Service Provider, then the settlement of such accelerated RSUs will not occur until the date six (6) months and one (1) day following the date of
Participant’s termination as a Service Provider, unless the Participant dies following his or her termination as a Service Provider, in which case, the Shares subject to these RSUs will be settled and issued to the Participant’s
administrator or executor of his or her estate as soon as practicable following his or her death (subject to Section 6). 
 5.
Forfeiture upon Cessation of Status as a Service Provider. Upon the Participant’s termination as a Service Provider for any reason, these RSUs will immediately stop vesting and any of these RSUs that have not yet vested will be forfeited
by the Participant for no consideration upon the date that Participant ceases to be a Service Provider for any reason, in all cases, subject to Applicable Laws. For the avoidance of doubt, service during any portion of the vesting period shall not
entitle the Participant to vest in a pro rata portion of unvested RSUs. For purposes of the RSUs, the Participant’s status as a Service Provider will be considered to be terminated as of the date the Participant is no longer providing services
to the Company, or if different, the Participant’s employer (the “Employer”) or the Subsidiary or Parent to which the Participant is providing services (the Employer, Subsidiary or Parent, as applicable,

  
 - 4 - 

 
the “Service Recipient”) or other member of the Company Group (regardless of the reason for such termination and whether or not later found to be invalid or in breach of
employment laws in the jurisdiction where the Participant is a Service Provider or the terms of the Participant’s employment or service agreement, if any), and unless otherwise expressly provided in this Agreement or determined by the
Administrator, the Participant’s right to vest in the RSUs under the Plan, if any, will terminate as of such date and will not be extended by any notice period (e.g., the Participant’s period of service would not include any contractual
notice period or any period of “garden leave” or similar period mandated under employment laws in the jurisdiction where the Participant is a Service Provider or the terms of the Participant’s employment or service agreement, if any).
The Administrator shall have the exclusive discretion to determine when the Participant is no longer providing services for purposes of the RSUs (including whether the Participant may still be considered to be providing services while on a leave of
absence). 
 6. Death of Participant. Any distribution or delivery to be made to the Participant under this Agreement will, if he or
she is then deceased, be made to the administrator or executor of his or her estate or, if the Administrator permits, his or her designated beneficiary, unless otherwise required to comply with Applicable Laws. Any such transferee must furnish the
Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations that apply to the transfer. 

7. Tax Obligations. 
 (a)
Tax Withholding. 
 (i) No Shares will be issued to the Participant until he or she makes satisfactory arrangements (as determined
by the Administrator) for the payment of Tax Withholdings. If the Participant is a non-U.S. employee, the method of payment of Tax Withholdings may be restricted by any Appendix (as defined below). If the
Participant fails to make satisfactory arrangements for the payment of any Tax Withholdings under this Agreement when any of these RSUs otherwise are supposed to vest or Tax Withholdings related to RSUs otherwise are due, he or she will permanently
forfeit the applicable RSUs and any right to receive Shares under such RSUs, and such RSUs will be returned to the Company at no cost to the Company, to the extent permitted by Applicable Laws. 

(ii) The Company has the right (but not the obligation) to satisfy any Tax Withholdings by withholding from proceeds of a sale of Shares
acquired upon payment of these RSUs arranged by the Company (on the Participant’s behalf pursuant to this authorization without further consent), and this will be the method by which such tax withholding obligations are satisfied until the
Company determines otherwise, subject to Applicable Laws. 
 (iii) The Company also has the right (but not the obligation) to satisfy any
Tax Withholdings: (a) by reducing the number of Shares otherwise deliverable to the Participant; (b) by requiring payment by cash or check made payable to the Company and/or any Service Recipient with respect to which the withholding
obligation arises; (c) by deduction of such amount from salary, wages or other compensation payable to the Participant; or (d) in any combination of the foregoing, or any other method determined by the Administrator to be compliance with
Applicable Laws. 

  
 - 5 - 

 (iv) The Company may withhold or account for Tax Withholdings by considering statutory or
other withholding rates, including minimum or maximum rates applicable in the Participant’s jurisdiction(s). In the event of over-withholding, the Participant may receive a refund of any over-withheld amount in cash (with no entitlement to the
equivalent in Common Stock), or if not refunded, the Participant may seek a refund from the local tax authorities. In the event of under-withholding, the Participant may be required to pay any additional Tax Withholdings directly to the applicable
tax authority or to the Company and/or the Employer(s). If the obligation for Tax Withholdings is satisfied by withholding in Shares, for tax purposes, the Participant will be deemed to have been issued the full number of Shares subject to the
vested RSUs, notwithstanding that a number of the Shares is held back solely for the purpose of paying the Tax Withholdings. 
 (v)
Further, if the Participant is subject to taxation in more than one jurisdiction between the Grant Date and the date of any relevant taxable or tax withholding event, the Company or the Employer(s) or former Employer(s) may withhold or account for
tax in more than one jurisdiction. 
 (vi) Regardless of any action of the Company or the Employer(s), the Participant acknowledges that
the ultimate liability for all Tax Withholdings and any and all additional taxes related to the Award, the Shares or other amounts or property delivered under the Award and the Participant’s participation in the Plan is and remains his or her
responsibility and may exceed the amount actually withheld by the Company or the Employer(s). The Participant further acknowledges that the Company and the Employer(s) (1) make no representations or undertakings regarding the treatment of any
Tax Withholdings in connection with any aspect of these RSUs and (2) do not commit to and are under no obligation to structure the terms of the grant or any aspect of these RSUs to reduce or eliminate his or her liability for Tax Withholdings
or achieve any particular tax result. 
 (b) Code Section 409A. It is the intent of this Agreement that it and all
issuances and benefits to U.S. taxpayers hereunder be exempt or excepted from the requirements of Code Section 409A pursuant to the “short-term deferral” exception under Code Section 409A, or otherwise be exempted or excepted
from, or comply with, Code Section 409A, so that none of this Agreement, the RSUs provided under this Agreement, or Shares issuable thereunder will be subject to the additional tax imposed under Code Section 409A, and any ambiguities or
ambiguous terms herein will be interpreted to be so exempt or excepted, or to so comply. Each issuance upon settlement of the RSUs under this Agreement is intended to constitute a separate payment for purposes of Treasury Regulation Section 1.409A-2(b)(2). In no event will any member of the Company Group have any liability or obligation to reimburse, indemnify, or hold harmless Participant for any taxes that may be imposed, or other costs
incurred, on Participant as a result of Code Section 409A. 
 8. Rights as Stockholder. The Participant’s or any other
person’s rights as a stockholder of the Company (including the right to vote and to receive dividends and distributions) will not begin until Shares have been issued and recorded on the records of the Company or its transfer agents or
registrars. 
 9. Acknowledgements and Agreements. The Participant’s signature on the Notice of Grant accepting these RSUs
indicates that: 
 (a) HE OR SHE ACKNOWLEDGES AND AGREES THAT THE VESTING OF THESE RSUS IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER
AND THAT BEING HIRED OR BEING GRANTED THESE RSUS WILL NOT RESULT IN VESTING. 

  
 - 6 - 

 (b) HE OR SHE FURTHER ACKNOWLEDGES AND AGREES THAT THESE RSUS AND THIS AGREEMENT DO NOT
CREATE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL AND WILL NOT INTERFERE IN ANY WAY WITH HIS OR HER RIGHT OR THE RIGHT OF THE EMPLOYER(S) TO TERMINATE HIS OR HER
RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE, SUBJECT TO APPLICABLE LAWS. 
 (c) The Participant agrees that this
Agreement and its incorporated documents reflect all agreements on its subject matters and that he or she is not accepting this Agreement based on any promises, representations, or inducements other than those reflected in the Agreement. 

(d) The Participant agrees that the Company’s delivery of any documents related to the Plan or these RSUs (including the Plan, the
Agreement, the Plan’s prospectus, and any reports of the Company provided generally to the Company’s stockholders) to him or her may be made by electronic delivery, which may include but does not necessarily include the delivery of a link
to a Company intranet or to the Internet site of a third party involved in administering the Plan, the delivery of the document via email, or any other means of electronic delivery specified by the Company. If the attempted electronic delivery of
such documents fails, the Participant will be provided with a paper copy of the documents. The Participant acknowledges that he or she may receive from the Company a paper copy of any documents that were delivered electronically at no cost to him or
her by contacting the Company by telephone or in writing. The Participant may revoke his or her consent to the electronic delivery of documents or may change the electronic mail address to which such documents are to be delivered (if the Participant
has provided an electronic mail address) at any time by notifying the Company of such revoked consent or revised e-mail address by telephone, postal service or electronic mail. Finally, the Participant
understands that he or she is not required to consent to electronic delivery of documents. 
 (e) The Participant may deliver any documents
related to the Plan or these RSUs to the Company by e-mail or any other means of electronic delivery approved by the Administrator, but he or she must provide the Company or any designated third party
administrator with a paper copy of any documents if his or her attempted electronic delivery of such documents fails. 
 (f) The Participant
accepts that all good faith decisions or interpretations of the Administrator regarding the Plan and Awards under the Plan are binding, conclusive, and final. No member of the Administrator will be personally liable for any such decisions or
interpretations. 
 (g) The Participant agrees that the Plan is established voluntarily by the Company, is discretionary in nature, and may
be amended, suspended, or terminated by the Company at any time, to the extent permitted by the Plan. 
 (h) The Participant agrees that the
grant of these RSUs is exceptional, voluntary and occasional and does not create any contractual or other right to receive future grants of restricted stock units or benefits in lieu of restricted stock units, even if restricted stock units have
been granted in the past. 

  
 - 7 - 

 (i) The Participant agrees that any decisions regarding future Awards will be in the
Company’s sole discretion. 
 (j) The Participant agrees that he or she is voluntarily participating in the Plan. 

(k) The Participant agrees that these RSUs and any Shares acquired under these RSUs, and the income from and value of same, are not intended
to replace any pension rights or compensation. 
 (l) The Participant agrees that these RSUs, any Shares acquired under these RSUs, and the
income from and value of same, are not part of normal or expected compensation for any purpose, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, holiday pay, long-service awards, pension or retirement or welfare benefits, or similar payments. 

(m) The Participant agrees that the future value of the Shares underlying these RSUs is unknown, indeterminable, and cannot be predicted with
certainty. 
 (n) The Participant agrees that no member of the Company Group is liable for any foreign exchange rate fluctuation between the
Participant’s local currency and the United States Dollar that may affect the value of these RSUs or of any amounts due to him or her from the payment of these RSUs or the subsequent sale of any Shares acquired upon such payment. 

(o) Unless otherwise provided in the Plan or by the Administrator in its discretion, the RSUs and the benefits evidenced in this Agreement do
not create any entitlement to have the RSUs or any such benefits transferred to, or assumed by, another company, nor to be exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the Shares. 

(p) The Participant agrees that he or she has no claim or entitlement to compensation or damages from any forfeiture of these RSUs resulting
from the termination of his or her status as a Service Provider (for any reason whatsoever, whether or not later found to be invalid or in breach of employment laws in the jurisdiction where he or she is a Service Provider or the terms of his or her
service agreement, if any). 
 10. Data Privacy. 

(a) The Participant voluntarily consents to the collection, use and transfer, in electronic or other form, of his or her personal data as
described in this Agreement and any other Award materials (“Data”) by and among, as applicable, the Employer(s), the Company and any member of the Company Group for the exclusive purpose of implementing, administering, and managing
his or her participation in the Plan. 
 (b) The Participant understands that the Company and the Employer(s) may hold certain
personal information about him or her, including, but not limited to, his or her name, home address and telephone number, date of birth, social insurance number or other identification number, salary,

  
 - 8 - 

 
nationality, job title, any shares of stock or directorships held in the Company, details of all equity awards or any other entitlement to stock awarded, canceled, exercised, vested, unvested or
outstanding in his or her favor, for the exclusive purpose of implementing, administering, and managing the Plan. 
 (c) The
Participant understands that Data will be transferred to one or more stock plan service provider(s) selected by the Company, which may assist the Company with the implementation, administration, and management of the Plan. The Participant
understands that the recipients of the Data may be located in the United States or elsewhere, and that the recipient’s country (e.g., the United States) may have different data privacy laws and protections than his or her country. The
Participant understands that if he or she resides outside the United States, he or she may request a list with the names and addresses of any potential recipients of the Data by contacting his or her local human resources representative. The
Participant authorizes the Company and any other possible recipients that may assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in
electronic or other form, for the sole purposes of implementing, administering and managing his or her participation in the Plan. 

(d) The Participant understands that Data will be held only as long as is necessary to implement, administer and manage his or her
participation in the Plan. The Participant understands that if he or she resides in certain jurisdictions outside the United States, to the extent required by Applicable Laws, he or she may, at any time, request access to Data, request additional
information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents given by accepting these RSUs, in any case without cost, by contacting in writing his or her local human resources
representative. Further, the Participant understands that he or she is providing these consents on a purely voluntary basis. If the Participant does not consent or if he or she later seeks to revoke his or her consent, his or her engagement as a
Service Provider with the Employer(s) will not be adversely affected; the only consequence of refusing or withdrawing his or her consent is that the Company will not be able to grant him or her awards under the Plan or administer or maintain awards.
Therefore, the Participant understands that refusing or withdrawing his or her consent may affect his or her ability to participate in the Plan (including the right to retain these RSUs). The Participant understands that he or she may contact his or
her local human resources representative for more information on the consequences of his or her refusal to consent or withdrawal of consent. 

11. Insider Trading Restrictions/Market Abuse Laws. The Participant acknowledges that he or she may be subject to insider trading
restrictions and/or market abuse laws in applicable jurisdictions including, but not limited to, the United States and the Participant’s country of residence, which may affect the Participant’s ability to acquire or sell Shares or rights
to Shares (e.g., RSUs) under the Plan during such time as the Participant is considered to have “inside information” regarding the Company (as defined by the laws in the applicable jurisdictions). Local insider trading laws and regulations
may prohibit the cancellation or amendment of orders the Participant placed before the Participant possessed inside information. Furthermore, the Participant could be prohibited from (i) disclosing the inside information to any third party and
(ii) “tipping” third parties or causing them otherwise to buy or sell securities. The Participant should keep in mind third parties includes fellow employees. Any restrictions under these laws or regulations are separate from and in
addition to any restrictions that may be imposed under any applicable insider trading policy of the Company. The Participant is responsible for ensuring compliance with any applicable restrictions and should consult with his or her personal legal
advisor on this matter. 

  
 - 9 - 

 12. Foreign Asset/Account Reporting Requirements. Depending on the Participant’s
country, the Participant may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a result of the vesting of the RSUs, the acquisition, holding and/or transfer of Shares or cash resulting from participation in
the Plan and/or the opening and maintaining of a brokerage or bank account in connection with the Plan. The Participant may be required to report such assets, accounts, account balances and values, and/or related transactions to the applicable
authorities in his or her country. The Participant may also be required to repatriate sale proceeds or other funds received as a result of his or her participation in the Plan to his or her country through a designated bank or broker and/or within a
certain time after receipt. The Participant acknowledges that he or she is responsible for ensuring compliance with any applicable foreign asset/account, exchange control and tax reporting and other requirements. The Participant further understands
that he or she should consult the Participant’s personal tax and legal advisors, as applicable on these matters. 
 13.
Miscellaneous. 
 (a) Address for Notices. Any notice to be given to the Company under the terms of this Agreement must be
addressed to the Company at RxSight, Inc., 100 Columbia, Aliso Viejo, CA 92656, USA until the Company designates another address in writing. 

(b) Non-Transferability of RSUs. These RSUs may not be transferred other than by will or the
applicable laws of descent or distribution. 
 (c) Binding Agreement. If any RSUs are transferred, this Agreement will be binding
upon and inure to the benefit of the heirs, legatees, legal representatives, successors, and assigns of the parties to this Agreement. 

(d) Additional Conditions to Issuance of Stock. In accordance with Section 20 of the Plan, if at any time the Company determines,
in its discretion, that the listing, registration, qualification or rule compliance of the Shares upon any securities exchange or under any U.S. or non-U.S. federal, state or local law the tax Code and related
regulations or under the rulings or regulations of the United States Securities and Exchange Commission or any other governmental regulatory body or the clearance, consent or approval of the United States Securities and Exchange Commission or any
other governmental regulatory authority is necessary or desirable as a condition to the issuance of Shares to Participant hereunder, such issuance will not occur unless and until such listing, registration, qualification, rule compliance, clearance,
consent or approval will have been completed, effected or obtained free of any conditions not acceptable to the Company. If any such listing, registration, qualification, rule compliance, clearance, consent or approval has not been completed by the
applicable Settlement Deadline with respect to a Restricted Stock Unit in a manner that would allow it to be settled by the applicable Settlement Deadline, such Restricted Stock Unit will be forfeited as of immediately following the Settlement
Deadline for no consideration and at no cost to the Company. Subject to the terms of this Agreement and the Plan, the Company shall not be required to issue any certificate or certificates for Shares hereunder prior to the lapse of such reasonable
period of time following the date of vesting of a Restricted Stock Unit as the Administrator may establish from time to time for reasons of administrative convenience and any such certificate may be in book entry form. 

  
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 (e) Captions. Captions provided in this Agreement are for convenience only and are
not to serve as a basis for interpretation or construction of this Agreement. 
 (f) Agreement Severable. If any provision of this
Agreement is held invalid or unenforceable, that provision will be severed from the remaining provisions of this Agreement and the invalidity or unenforceability will have no effect on the remainder of the Agreement. 

(g) Non-U.S. Appendix. These RSUs are subject to any special terms and conditions set
forth in any appendix to this Agreement for the Participant’s country (the “Appendix”). If the Participant relocates to a country included in the Appendix, the special terms and conditions for that country will apply to him or
her to the extent the Company determines that applying such terms and conditions is necessary or advisable for legal or administrative reasons. 

(h) Imposition of Other Requirements. The Company reserves the right to impose other requirements on the Participant’s
participation in the Plan, on the RSUs and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require the Participant to sign any additional agreements
or undertakings that may be necessary to accomplish the foregoing; provided, however, that no such imposition of other requirements shall occur or be effective unless such imposition would result in these RSUs remaining exempt or excepted from the
requirements of Code Section 409A pursuant to the “short-term deferral” exception or another exception or exemption under Code Section 409A, or otherwise complying with Code Section 409A, in each case such that none of this
Agreement, the RSUs provided under this Agreement, or Shares, cash or other property issuable hereunder will be subject to the additional tax imposed under Code Section 409A. 

(i) Choice of Law; Choice of Forum. The Plan, this Agreement, these RSUs, and all determinations made and actions taken under the Plan,
to the extent not otherwise governed by the laws of the United States, will be governed by the laws of the State of Delaware without giving effect to principles of conflicts of law. For purposes of litigating any dispute that arises under the Plan,
the Participant’s acceptance of these RSUs is his or her consent to the jurisdiction of the State of Delaware and his or her agreement that any such litigation will be conducted in the Delaware Court of Chancery or the federal courts for the
United States for the District of Delaware and no other courts, regardless of where he or she is performing services. 
 (j)
Modifications to the Agreement. The Plan and this Agreement constitute the entire understanding of the parties on the subjects covered. The Participant expressly warrants that he or she is not accepting this Agreement in reliance on any
promises, representations, or inducements other than those contained herein. Other than as specified in Section 19(d) of the Plan, modifications to this Agreement or the Plan can be made only in an express written contract executed by a duly
authorized officer of the Company. Notwithstanding anything in the Plan or this Agreement to the contrary, but subject to Section 13(h), the Administrator may, without the consent of the Participant, modify this Agreement in any of the
following manners: (a) take any action permitted by Section 4 of this Agreement, including to waive or decrease, in whole or in part, some or all of the requirements required for vesting of all or a portion of the unvested RSUs; or
(b) waive or decrease some or all of the requirements for settlement of RSUs. The Company reserves the right to revise this Agreement as it deems necessary or advisable, in its sole 

  
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discretion and without the consent of the Participant, to comply with Code Section 409A, to otherwise avoid imposition of any additional tax or income recognition under Code
Section 409A in connection with these RSUs, or to comply with other Applicable Laws. 
 (k) Waiver. The Participant acknowledges
that a waiver by the Company of a breach of any provision of this Agreement will not operate or be construed as a waiver of any other provision of this Agreement or of any subsequent breach of this Agreement by him or her. 

(l) Language. The Participant acknowledges that the Participant is sufficiently proficient in English, or has consulted with an
advisor who is sufficiently proficient in English, so as to allow the Participant to understand the terms of this Agreement. If Participant has received this Agreement, or any other document related to these RSUs and/or the Plan translated into a
language other than English and if the meaning of the translated version is different than the English version, the English version will control. 

  
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 EXHIBIT B1 

APPENDIX TO RESTRICTED STOCK UNIT AGREEMENT 

Terms and Conditions 
 This Appendix to Restricted
Stock Unit Agreement (the “Appendix”) includes additional terms and conditions that govern these RSUs granted to the Participant under the Plan if he or she resides and/or works in one of the countries listed below on the Grant Date
or he or she moves to one of the listed countries. Unless otherwise defined herein, capitalized terms used but not defined herein shall have the same meanings as set forth in the Plan and the Agreement. 

If the Participant is a citizen or resident of a country (or if the Participant is considered as such for local law purposes) other than the one in which the
Participant is currently residing and/or working, or if the Participant transfers to another country after being granted the RSUs, the Company will, in its discretion, determine the extent to which the terms and conditions contained herein will be
applicable to the Participant. 
 Notifications 

This Appendix may also include information regarding securities laws, exchange controls and certain other issues of which the Participant should be aware with
respect to participation in the Plan. The information is based on the securities, exchange control, and other Applicable Laws in effect in the respective countries as of [DATE] 2021. Such laws are often complex and change frequently. As a result,
the Company strongly recommends that the Participant not rely on the information in this Appendix as the only source of information relating to the consequences of participation in the Plan because the information may be out of date at the time the
Participant vests in or sells the Shares acquired under the Plan. 
 In addition, the information contained in this Appendix is general in nature and may
not apply to the Participant’s particular situation, and the Company is not in a position to assure him or her of a particular result. The Participant is advised to seek appropriate professional advice as to how the relevant laws in his or her
country may apply to his or her situation. 
 Finally, if the Participant is a citizen or resident of a country other than the one in which he or she is
currently residing and/or working, transfers employment after these RSUs are granted, or is considered a resident of another country for local law purposes, the information in this Appendix may not apply to him or her, and the Administrator will
determine to what extent the terms and conditions in this Appendix apply. 
 Countries 

[Insert] 
  

	1 	 NTD: To be completed by applicable local counsel.

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