Document:

EX-10.6

 Exhibit 10.6 

COURSERA, INC. 
 2021
EMPLOYEE STOCK PURCHASE PLAN 
 (Adopted by the Board of Directors on February 17, 2021) 

(Approved by the Stockholders on March 2, 2021) 

(Effective on             , 2021) 

 Table of Contents 

 

							
	 	 	 	  	Page	 
	 SECTION 1
	 	 Purpose Of The Plan
	  	 	1	 
			
	 SECTION 2
	 	 Definitions
	  	 	1	 
	 (a)      
	 	 “Board”
	  	 	1	 
	 (b)      
	 	 “Code”
	  	 	1	 
	 (c)      
	 	 “Committee”
	  	 	1	 
	 (d)      
	 	 “Company”
	  	 	1	 
	 (e)      
	 	 “Compensation”
	  	 	1	 
	 (f)      
	 	 “Corporate Reorganization”
	  	 	1	 
	 (g)      
	 	 “Eligible Employee”
	  	 	2	 
	 (h)      
	 	 “Exchange Act”
	  	 	2	 
	 (i)      
	 	 “Fair Market Value”
	  	 	2	 
	 (j)      
	 	 “Offering”
	  	 	2	 
	 (k)      
	 	 “Offering Date”
	  	 	2	 
	 (l)      
	 	 “Offering Period”
	  	 	2	 
	 (m)      
	 	 “Participant”
	  	 	2	 
	 (n)      
	 	 “Participating Company”
	  	 	2	 
	 (o)      
	 	 “Plan”
	  	 	3	 
	 (p)      
	 	 “Plan Account”
	  	 	3	 
	 (q)      
	 	 “Purchase Date”
	  	 	3	 
	 (r)      
	 	 “Purchase Period”
	  	 	3	 
	 (s)      
	 	 “Purchase Price”
	  	 	3	 
	 (t)      
	 	 “Stock”
	  	 	3	 
	 (u)      
	 	 “Subsidiary”
	  	 	3	 
			
	 SECTION 3
	 	 Administration Of The Plan
	  	 	3	 
	 (a)      
	 	 Administrative Powers and Responsibilities
	  	 	3	 
	 (b)      
	 	 International Administration
	  	 	4	 
			
	 SECTION 4
	 	 Enrollment And Participation
	  	 	4	 
	 (a)      
	 	 Offering Periods
	  	 	4	 
	 (b)      
	 	 Enrollment
	  	 	5	 
	 (c)      
	 	 Duration of Participation
	  	 	5	 
			
	 SECTION 5
	 	 Employee Contributions
	  	 	5	 
	 (a)      
	 	 Frequency of Payroll Deductions
	  	 	5	 
	 (b)      
	 	 Amount of Payroll Deductions
	  	 	5	 
	 (c)      
	 	 Changing Withholding Rate
	  	 	5	 
	 (d)      
	 	 Discontinuing Payroll Deductions
	  	 	5	 
			
	 SECTION 6
	 	 Withdrawal From The Plan
	  	 	6	 
	 (a)      
	 	 Withdrawal
	  	 	6	 
	 (b)      
	 	 Re-enrollment After Withdrawal
	  	 	6	 
			
	 SECTION 7
	 	 Change In Employment Status
	  	 	6	 
	 (a)      
	 	 Termination of Employment
	  	 	6	 
	 (b)      
	 	 Leave of Absence
	  	 	6	 
	 (c)      
	 	 Death
	  	 	6	 

							
	 SECTION 8
	 	 Plan Accounts and Purchase Of Shares
	  	 	6	 
	 (a)      
	 	 Plan Accounts
	  	 	6	 
	 (b)      
	 	 Purchase Price
	  	 	7	 
	 (c)      
	 	 Number of Shares Purchased
	  	 	7	 
	 (d)      
	 	 Available Shares Insufficient
	  	 	7	 
	 (e)      
	 	 Issuance of Stock
	  	 	7	 
	 (f)      
	 	 Unused Cash Balances
	  	 	7	 
	 (g)      
	 	 Stockholder Approval
	  	 	8	 
			
	 SECTION 9
	 	 Limitations On Stock Ownership
	  	 	8	 
	 (a)      
	 	 Five Percent Limit
	  	 	8	 
	 (b)      
	 	 Dollar Limit
	  	 	8	 
			
	 SECTION 10
	 	 Rights Not Transferable
	  	 	9	 
			
	 SECTION 11
	 	 No Rights As An Employee
	  	 	9	 
			
	 SECTION 12
	 	 No Rights As A Stockholder
	  	 	9	 
			
	 SECTION 13
	 	 Securities Law Requirements
	  	 	9	 
			
	 SECTION 14
	 	 Stock Offered Under The Plan
	  	 	9	 
	 (a)      
	 	 Authorized Shares
	  	 	9	 
	 (b)      
	 	 Antidilution Adjustments
	  	 	9	 
	 (c)      
	 	 Reorganizations
	  	 	10	 
			
	 SECTION 15      
	 	 Amendment Or Discontinuance
	  	 	10	 
			
	 SECTION 16      
	 	 Execution
	  	 	11	 

 COURSERA, INC. 

2021 EMPLOYEE STOCK PURCHASE PLAN 

SECTION 1    Purpose of the Plan. 

The Plan was adopted by the Board of Directors on February 17, 2021 and is effective on
            , 2021 (the “Effective Date”). The purpose of the Plan is to provide a broad-based employee benefit to attract the services of new employees, to retain the
services of existing employees, and to provide incentives for such individuals to exert maximum efforts toward our success by purchasing Stock from the Company on favorable terms and to pay for such purchases through payroll deductions. The Plan is
intended to qualify under Section 423 of the Code. 
 SECTION 2    Definitions. 

(a)     “Board” means the Board of Directors of the Company, as constituted from time to time. 

(b)    “Code” means the United States Internal Revenue Code of 1986, as amended, and the rules and
regulations promulgated thereunder. 
 (c)    “Committee” means the Leadership, Diversity, Equity,
Inclusion and Compensation Committee of the Board or such other committee, comprised exclusively of one or more directors of the Company, as may be appointed by the Board from time to time to administer the Plan. 

(d)    “Company” means Coursera, Inc., a Delaware corporation. 

(e)    “Compensation” means, unless provided otherwise by the Committee in the terms and conditions of an
Offering, base salary, regular hourly wages (including overtime and holiday pay), shift premiums, sales commissions, and bonuses paid in cash to a Participant by a Participating Company, without reduction for any
pre-tax contributions made by the Participant under Sections 401(k) or 125 of the Code. “Compensation” shall, unless provided otherwise by the Committee in the terms and conditions of an Offering,
exclude all non-cash items, moving or relocation allowances, cost-of-living equalization payments, car allowances, tuition
reimbursements, imputed income attributable to cars or life insurance, severance pay, fringe benefits, contributions or benefits received under employee benefit plans, income attributable to the exercise of stock options, and similar items. The
Committee shall determine whether a particular item is included in Compensation. 
 (f)    “Corporate
Reorganization” means: 
 (i)    the consummation of a merger or consolidation of the Company
with or into another entity, or any other corporate reorganization; or 

  
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 (ii)    the sale, transfer or other disposition of all
or substantially all of the Company’s assets or the complete liquidation or dissolution of the Company. 

(g)    “Eligible Employee” means any employee of a Participating Company whose customary employment is
for more than five (5) months per calendar year and for more than twenty (20) hours per week. 
 The foregoing notwithstanding, an
individual shall not be considered an Eligible Employee if his or her participation in the Plan is prohibited by the law of any country which has jurisdiction over him or her. 

(h)    “Exchange Act” means the United States Securities Exchange Act of 1934, as amended, and the rules
and regulations promulgated thereunder. 
 (i)    “Fair Market Value” means the fair market value of a
share of Stock, determined as follows: 
 (i)    if Stock was traded on any established national
securities exchange including the New York Stock Exchange or The Nasdaq Stock Market on the date in question, then the Fair Market Value shall be equal to the closing price as quoted on such exchange (or the exchange with the greatest volume of
trading in the Stock) on such date as reported in the Wall Street Journal or such other source as the Committee deems reliable; 

(ii)    if the foregoing provision is not applicable, then the Fair Market Value shall be determined by the
Committee in good faith on such basis as it deems appropriate; or 
 (iii)     with respect to the
Offering Period beginning on the Effective Date, the Fair Market Value on the Offering Date shall be the price at which the Stock is offered to the public pursuant to the registration statement covering the initial public offering of the Stock. 

For any date that is not a Trading Day, the Fair Market Value of a share of Stock for such date shall be determined by using the closing sale
price for the immediately preceding Trading Day. Determination of the Fair Market Value pursuant to the foregoing provisions shall be conclusive and binding on all persons. 

(j)    “Offering” means the grant of options to purchase shares of Stock under the Plan to Eligible
Employees. 
 (k)    “Offering Date” means the first day of an Offering. 

(l)    “Offering Period” means a period with respect to which the right to purchase Stock may be granted
under the Plan, as determined pursuant to Section 4(a). 

  
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 (m)    “Participant” means an Eligible Employee who
elects to participate in the Plan, as provided in Section 4(b). 
 (n)    “Participating Company”
means (i) the Company and (ii) each present or future Subsidiary designated by the Committee as a Participating Company. 

(o)    “Plan” means this Coursera, Inc. 2021 Employee Stock Purchase Plan, as it may be amended from time
to time. 
 (p)    “Plan Account” means the account established for each Participant pursuant to
Section 8(a). 
 (q)    “Purchase Date” means one or more dates during an Offering on which shares
of Stock may be purchased pursuant to the terms of the Offering. 
 (r)    “Purchase Period” means one
or more successive periods during an Offering, beginning on the Offering Date or on the day after a Purchase Date, and ending on the next succeeding Purchase Date. 

(s)    “Purchase Price” means the price at which Participants may purchase shares of Stock under the
Plan, as determined pursuant to Section 8(b). 
 (t)    “Stock” means the Common Stock of the
Company. 
 (u)    “Subsidiary” means any corporation (other than the Company) in an unbroken chain of
corporations beginning with the Company, if each of the corporations other than the last corporation in the unbroken chain owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the
other corporations in such chain. 
 (r)    “Trading Day” means a day on which the national stock
exchange on which the Stock is traded is open for trading. 
 SECTION 3    Administration of the Plan. 

(a)    Administrative Powers and Responsibilities. The Plan shall be administered by the Committee. The Committee
shall have full power and authority, subject to the provisions of the Plan, to promulgate such rules and regulations as it deems necessary for the proper administration of the Plan, to interpret the provisions and supervise the administration of the
Plan, and to take all action in connection therewith or in relation thereto as it deems necessary or advisable. Any decision reduced to writing and signed by all of the members of the Committee shall be fully effective as if it had been made at a
meeting duly held. The Committee’s determinations under the Plan, unless otherwise determined by the Board, shall be final and binding on all persons. The Company shall pay all expenses incurred in the administration of the Plan. No member of
the Committee shall be personally liable for any action, determination, or interpretation made in good faith with respect to the Plan, and all members of the Committee shall be fully indemnified by the Company with respect to any such action,
determination or 

  
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interpretation. The Committee may adopt such rules, guidelines and forms as it deems appropriate to implement the Plan. Subject to the requirements of applicable law, the Committee may designate
persons other than members of the Committee to carry out its responsibilities and may prescribe such conditions and limitations as it may deem appropriate. All decisions, interpretations and other actions of the Committee shall be final and binding
on all Participants and all persons deriving their rights from a Participant. No member of the Committee shall be liable for any action that he has taken or has failed to take in good faith with respect to the Plan. Notwithstanding anything to the
contrary in the Plan, the Board may, in its sole discretion, at any time and from time to time, resolve to administer the Plan. In such event, the Board shall have all of the authority and responsibility granted to the Committee herein. 

(b)    International Administration. The Committee may establish sub-plans
(which need not qualify under Section 423 of the Code) and initiate separate Offerings through such sub-plans for the purpose of (i) facilitating participation in the Plan by non-U.S. employees in compliance with foreign laws and regulations without affecting the qualification of the remainder of the Plan under Section 423 of the Code or (ii) qualifying the Plan for preferred
tax treatment under foreign tax laws (which sub-plans, at the Committee’s discretion, may provide for allocations of the authorized shares of Stock reserved for issue under the Plan as set forth in
Section 14(a)). The rules, guidelines and forms of such sub-plans (or the Offerings thereunder) may take precedence over other provisions of the Plan, with the exception of Section 4(a)(i),
Section 5(b), Section 8(b) and Section 14(a), but unless otherwise superseded by the terms of such sub-plan, the provisions of the Plan shall govern the operation of such sub-plan. Alternatively and in order to comply with the laws of a foreign jurisdiction, the Committee shall have the power, in its discretion, to grant options in an Offering to citizens or residents of a non-U.S. jurisdiction (without regard to whether they are also citizens of the United States or resident aliens) that provide terms which are less favorable than the terms of options granted under the same Offering
to employees resident in the United States, subject to compliance with Section 423 of the Code. 
 SECTION
4    Enrollment and Participation. 
 (a)    Offering Periods. While the Plan is in
effect, the Committee may from time to time grant options to purchase shares of Stock pursuant to the Plan to Eligible Employees during a specified Offering Period. Each such Offering shall be in such form and shall contain such terms and conditions
as the Committee shall determine, subject to compliance with the terms and conditions of the Plan (which may be incorporated by reference) and the requirements of Section 423 of the Code, including the requirement that all Eligible Employees
have the same rights and privileges. The Committee shall specify prior to the commencement of each Offering (i) the period during which the Offering shall be effective, which may not exceed twenty-seven (27) months from the Offering Date
and may include one or more successive Purchase Periods within the Offering, (ii) the Purchase Dates and Purchase Price for shares of Stock which may be purchased pursuant to the Offering, and (iii) if applicable, any limits on the number
of shares of Stock purchasable by a Participant, or by all Participants in the aggregate, during any Offering Period or, if applicable, Purchase Period, in each case consistent with the limitations of the Plan. The Committee shall have the
discretion to provide for the automatic termination of an Offering 

  
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following any Purchase Date on which the Fair Market Value of a share of Stock is equal to or less than the Fair Market Value of a share of Stock on the Offering Date, and for the Participants in
the terminated Offering to be automatically re-enrolled in a new Offering that commences immediately after such Purchase Date. The terms and conditions of each Offering need not be identical, and shall be
deemed incorporated by reference and made a part of the Plan. 
 (b)    Enrollment. Any individual who, on the
day preceding the first day of an Offering Period, qualifies as an Eligible Employee may elect to become a Participant in the Plan for such Offering Period by completing the enrollment process prescribed and communicated for this purpose from time
to time by the Company to Eligible Employees. 
 (c)    Duration of Participation. Once enrolled in the Plan, a
Participant shall continue to participate in the Plan until he or she ceases to be an Eligible Employee or withdraws from the Plan under Section 6(a). A Participant who withdrew from the Plan under Section 6(a) may again become a
Participant, if he or she then is an Eligible Employee, by following the procedure described in Subsection (b) above. A Participant whose employee contributions were discontinued automatically under Section 9(b) shall automatically resume
participation at the beginning of the earliest Offering Period ending in the next calendar year, if he or she then is an Eligible Employee. When a Participant reaches the end of an Offering Period but his or her participation is to continue, then
such Participant shall automatically be re-enrolled for the Offering Period that commences immediately after the end of the prior Offering Period. 

SECTION 5    Employee Contributions. 

(a)    Frequency of Payroll Deductions. A Participant may purchase shares of Stock under the Plan solely by means of
payroll deductions; provided, however, that to the extent provided in the terms and conditions of an Offering, a Participant may also make contributions through payment by cash or check prior to one or more Purchase Dates during the Offering.
Payroll deductions, subject to the provisions of Subsection (b) below or as otherwise provided under the terms and conditions of an Offering, shall occur on each payday during participation in the Plan. 

(b)    Amount of Payroll Deductions. An Eligible Employee shall designate during the enrollment process the portion
of his or her Compensation that he or she elects to have withheld for the purchase of Stock. Such portion shall be a whole percentage of the Eligible Employee’s Compensation, but not less than one percent (1%) nor more than fifteen percent
(15%) (or such lower rate of Compensation specified as the limit in the terms and conditions of the applicable Offering). 

(c)    Changing Withholding Rate. Unless otherwise provided under the terms and conditions of an Offering, a
Participant may not increase the rate of payroll withholding during the Offering Period, but may discontinue or decrease the rate of payroll withholding during the Offering Period to a whole percentage of his or her Compensation in accordance with
such procedures and subject to such limitations as the Company may establish for all Participants. A Participant may also increase or decrease the rate of payroll withholding effective for a new Offering Period by submitting an authorization to
change the payroll deduction rate pursuant to the process prescribed by the Company from time to time. The new withholding rate shall be a whole percentage of the Eligible Employee’s Compensation consistent with Subsection (b) above. 

  
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 (d)    Discontinuing Payroll Deductions. If a Participant wishes
to discontinue employee contributions entirely, he or she may do so by withdrawing from the Plan pursuant to Section 6(a). In addition, employee contributions may be discontinued automatically pursuant to Section 9(b). 

SECTION 6    Withdrawal from the Plan. 

(a)    Withdrawal. A Participant may elect to withdraw from the Plan by giving notice pursuant to the process
prescribed and communicated by the Company from time to time. Such withdrawal may be elected at any time before the last day of an Offering Period, except as otherwise provided in the Offering. In addition, if payment by cash or check is permitted
under the terms and conditions of an Offering, Participants may be deemed to withdraw from the Plan by declining or failing to remit timely payment to the Company for the shares of Stock. As soon as reasonably practicable thereafter, payroll
deductions shall cease and the entire amount credited to the Participant’s Plan Account shall be refunded to him or her in cash, without interest. No partial withdrawals shall be permitted. 

(b)    Re-enrollment After Withdrawal. A former Participant who has
withdrawn from the Plan shall not be a Participant until he or she re-enrolls in the Plan under Section 4(b). Re-enrollment may be effective only at the
commencement of an Offering Period. 
 SECTION 7    Change in Employment Status. 

(a)    Termination of Employment. Termination of employment as an Eligible Employee for any reason, including death,
shall be treated as an automatic withdrawal from the Plan under Section 6(a). A transfer from one Participating Company to another shall not be treated as a termination of employment. 

(b)    Leave of Absence. For purposes of the Plan, employment shall not be deemed to terminate when the Participant
goes on a military leave, a sick leave or another bona fide leave of absence, if the leave was approved by the Company in writing. Employment, however, shall be deemed to terminate three (3) months after the Participant goes on a leave, unless
a contract or statute guarantees his or her right to return to work. Employment shall be deemed to terminate in any event when the approved leave ends, unless the Participant immediately returns to work. 

(c)    Death. In the event of the Participant’s death, the amount credited to his or her Plan Account shall be
paid to the Participant’s estate. 
 SECTION 8    Plan Accounts and Purchase of Shares. 

(a)    Plan Accounts. The Company shall maintain a Plan Account on its books in the name of each Participant.
Whenever an amount is deducted from the Participant’s Compensation 

  
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under the Plan, such amount shall be credited to the Participant’s Plan Account. Amounts credited to Plan Accounts shall not be trust funds and may be commingled with the Company’s
general assets and applied to general corporate purposes. No interest shall be credited to Plan Accounts. 

(b)    Purchase Price. The Purchase Price for each share of Stock purchased during an Offering Period shall be the
lesser of: 
 (i)    eighty-five percent (85%) of the Fair Market Value of such share on the Purchase
Date; or 
 (ii)    eighty-five percent (85%) of the Fair Market Value of such share on the Offering
Date. 
 The Committee may specify an alternate Purchase Price amount or formula in the terms and conditions of an Offering, but in no event
may such amount or formula result in a Purchase Price less than that calculated pursuant to the immediately preceding formula. 

(c)    Number of Shares Purchased. As of each Purchase Date, each Participant shall be deemed to have elected to
purchase the number of shares of Stock calculated in accordance with this Subsection (c), unless the Participant has previously elected to withdraw from the Plan in accordance with Section 6(a). The amount then in the Participant’s
Plan Account shall be divided by the Purchase Price, and the number of shares of Stock that results shall be purchased from the Company with the funds in the Participant’s Plan Account. Unless provided otherwise by the Committee prior to
commencement of an Offering, the maximum number of shares of Stock which may be purchased by an individual Participant during such Offering is 22,500 shares. The foregoing notwithstanding, no Participant shall purchase more than such number of
shares of Stock as may be determined by the Committee with respect to the Offering Period, or Purchase Period, if applicable, nor more than the amounts of Stock set forth in Sections 9(b) and 14(a). For each Offering Period and, if applicable,
Purchase Period, the Committee shall have the authority to establish additional limits on the number of shares of Stock purchasable by all Participants in the aggregate. 

(d)    Available Shares Insufficient. In the event that the aggregate number of shares of Stock that all
Participants elect to purchase during an Offering Period exceeds the maximum number of shares of Stock remaining available for issuance under Section 14(a), or which may be purchased pursuant to any additional aggregate limits imposed by the
Committee, then the number of shares of Stock to which each Participant is entitled shall be determined by multiplying the number of shares of Stock available for issuance by a fraction, the numerator of which is the number of shares of Stock that
such Participant has elected to purchase and the denominator of which is the number of shares of Stock that all Participants have elected to purchase. 

(e)    Issuance of Stock. Certificates representing the shares of Stock purchased by a Participant under the
Plan shall be issued to him or her as soon as reasonably practicable after the applicable Purchase Date, except that the Company may determine that such shares shall be held 

  
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for each Participant’s benefit by a broker designated by the Company. Shares of Stock may be registered in the name of the Participant or jointly in the name of the Participant and his or
her spouse as joint tenants with right of survivorship or as community property. 
 (f)    Unused Cash Balances.
An amount remaining in the Participant’s Plan Account that represents the Purchase Price for any fractional share of Stock shall be carried over in the Participant’s Plan Account to the next Offering Period or refunded to the Participant
in cash at the end of the Offering Period, without interest, if his or her participation is not continued. Any amount remaining in the Participant’s Plan Account that represents the Purchase Price for whole shares of Stock that could not be
purchased by reason of Subsection (c) or (d) above, Section 9(b) or Section 14(a) shall be refunded to the Participant in cash, without interest. 

(g)    Stockholder Approval. The Plan shall be submitted to the stockholders of the Company for their approval
within twelve (12) months after the date the Plan is adopted by the Board. Any other provision of the Plan notwithstanding, no shares of Stock shall be purchased under the Plan unless and until the Company’s stockholders have approved the
adoption of the Plan. 
 SECTION 9    Limitations on Stock Ownership. 

(a)    Five Percent Limit. Any other provision of the Plan notwithstanding, no Participant shall be granted a right
to purchase Stock under the Plan if such Participant, immediately after his or her election to purchase such Stock, would own stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the
Company or any parent or Subsidiary of the Company. For purposes of this Subsection (a), the following rules shall apply: 

(i)    Ownership of stock shall be determined after applying the attribution rules of section 424(d)
of the Code; 
 (ii)    Each Participant shall be deemed to own any stock that he or she has a right or
option to purchase under this or any other plan; and 
 (iii)    Each Participant shall be deemed to have
the right to purchase up to the maximum number of shares of Stock that may be purchased by a Participant under the Plan under the individual limit specified pursuant to Section 8(c) with respect to each Offering Period. 

(b)    Dollar Limit. Any other provision of the Plan notwithstanding, no Participant shall accrue the right to
purchase Stock at a rate which exceeds twenty-five thousand dollars ($25,000) of Fair Market Value of such Stock per calendar year (under the Plan and all other employee stock purchase plans of the Company or any parent or Subsidiary of the
Company), determined in accordance with the provisions of Section 423(b)(8) of the Code and applicable Treasury Regulations promulgated thereunder. 

  
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 For purposes of this Subsection (b), the Fair Market Value of Stock shall be determined
as of the beginning of the Offering Period in which such Stock is purchased. Employee stock purchase plans not described in Section 423 of the Code shall be disregarded. If a Participant is precluded by this Subsection (b) from purchasing
additional Stock under the Plan, then his or her employee contributions shall automatically be discontinued and shall resume at the beginning of the earliest Offering Period ending in the next calendar year (if he or she then is an Eligible
Employee). 
 SECTION 10    Rights Not Transferable. 

The rights of any Participant under the Plan, or any Participant’s interest in any Stock or moneys to which he or she may be entitled
under the Plan, shall not be transferable by voluntary or involuntary assignment or by operation of law, or in any other manner other than by the laws of descent and distribution. If a Participant in any manner attempts to transfer, assign or
otherwise encumber his or her rights or interest under the Plan, other than by the laws of descent and distribution, then such act shall be treated as an election by the Participant to withdraw from the Plan under Section 6(a). 

SECTION 11    No Rights as An Employee. 

Nothing in the Plan or in any right granted under the Plan shall confer upon the Participant any right to continue in the employ of a
Participating Company for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Participating Companies or of the Participant, which rights are hereby expressly reserved by each, to terminate his or her
employment at any time and for any reason, with or without cause. 
 SECTION 12    No Rights as A Stockholder. 

A Participant shall have no rights as a stockholder with respect to any shares of Stock that he or she may have a right to purchase under the
Plan until such shares have been purchased on the applicable Purchase Date. 
 SECTION 13    Securities Law Requirements.

 Shares of Stock shall not be issued under the Plan unless the issuance and delivery of such shares comply with (or are exempt from) all
applicable requirements of law, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other
securities market on which the Company’s securities may then be traded. 
 SECTION 14    Stock Offered Under the
Plan. 
 (a)    Authorized Shares. The maximum aggregate number of shares of Stock available for purchase
under the Plan is 2,800,000 shares plus an annual increase to be added on the first day of each of the Company’s fiscal years for a period of up to ten years, beginning with the fiscal year that begins January 1, 2022, equal to the least
of (i) one percent (1%) of the 

  
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outstanding shares of Stock on such date, (ii) 11,000,000 shares, or (iii) a lesser amount determined by the Committee or Board. The aggregate number of shares available for purchase under
the Plan (and the limit in clause ii to the annual increase thereto) shall at all times be subject to adjustment pursuant to Section 14(b). 

(b)    Antidilution Adjustments. The aggregate number of shares of Stock offered under the Plan, the individual and
aggregate Participant share limitations described in Section 8(c) and the price of shares that any Participant has elected to purchase shall be adjusted proportionately by the Committee in the event of any change in the number of issued shares
of Stock (or issuance of shares other than Common Stock) by reason of any forward or reverse share split, subdivision or consolidation, or share dividend or bonus issue, recapitalization, reclassification, merger, amalgamation, consolidation, split-up, spin-off, reorganization, combination, exchange of shares of Stock, the issuance of warrants or other rights to purchase shares of Stock or other securities, or any
other change in corporate structure or in the event of any extraordinary distribution (whether in the form of cash, shares of Stock, other securities or other property). 

(c)    Reorganizations. Any other provision of the Plan notwithstanding, in the event of a Corporate
Reorganization in which the Plan is not assumed by the surviving corporation or its parent corporation pursuant to the applicable plan of merger or consolidation, the Offering Period then in progress shall terminate immediately prior to the
effective time of such Corporate Reorganization and either shares shall be purchased pursuant to Section 8 or, if so determined by the Board or Committee, all amounts in all Participant Accounts shall be refunded pursuant to Section 15
without any purchase of shares. The Plan shall in no event be construed to restrict in any way the Company’s right to undertake a dissolution, liquidation, merger, consolidation or other reorganization. 

SECTION 15    Amendment or Discontinuance. 

The Board or Committee shall have the right to amend, suspend or terminate the Plan at any time and without notice. Upon any such amendment,
suspension or termination of the Plan during an Offering Period, the Board or Committee may in its discretion determine that the applicable Offering shall immediately terminate and that all amounts in the Participant Accounts shall be carried
forward into a payroll deduction account for each Participant under a successor plan, if any, or promptly refunded to each Participant. Except as provided in Section 14, any increase in the aggregate number of shares of Stock to be issued under
the Plan shall be subject to approval by a vote of the stockholders of the Company. In addition, any other amendment of the Plan shall be subject to approval by a vote of the stockholders of the Company to the extent required by an applicable law or
regulation. The Plan shall continue until the earlier to occur of (a) termination of the Plan pursuant to this Section 15 or (b) issuance of all of the shares of Stock reserved for issuance under the Plan. 

  
 COURSERA, INC. 

2021 EMPLOYEE STOCK PURCHASE PLAN 

10 

 SECTION 16    Execution. 

To record the adoption of the Plan by the Board, the Company has caused its authorized officer to execute the same. 

 

			
	COURSERA, INC.
		
	By:	 	
                    

	Name:	 	
	Title:	 	
	Date:	 	

  
 COURSERA, INC. 

2021 EMPLOYEE STOCK PURCHASE PLAN 

11EX-10.7

 Exhibit 10.7 
  

 
 381 E. Evelyn Avenue Mountain View CA 94041 Tel: 1.650.963.9884 

June 1, 2017 
 Jeffrey N. Maggioncalda 

Dear Jeff: 
 On behalf of the Board of Directors
of Coursera, Inc. (the “Company”), I am pleased to offer you the position of Chief Executive Officer, effective as of June 12, 2017 (the “Start Date”). You will also serve as a member of the Company’s
Board of Directors (the “Board”). As Chief Executive Officer, you shall report to the Board and have the duties and responsibilities customarily associated with such position. In addition, you shall perform such other duties as the
Board may from time to time require, consistent with the general level and type of duties and responsibilities customarily associated with such positions. Upon a termination of employment, and to the extent requested in writing by the Company, you
agree to resign from all positions you may hold with the Company at such time (including as a member of the Board). 
 1. Full
Business Time and Effort. You shall devote your full business efforts and time to the Company and during your employment, you will not without the written consent of the Board (which shall not be unreasonably withheld) engage in any other
employment, occupation, consulting or other business activity directly or indirectly related to the business in which the Company is now involved or becomes involved during your employment, nor will you engage in any other activities that conflict
with your obligations to the Company. You have informed the Board of the following current commitment that you have as outside activities and the Board hereby consents to your continuation of such activity (as described): member of the Silicon
Valley Bank Board of Directors. 
 2. At Will Employment. You should be aware that your employment with the Company is for no
specified period and constitutes “at-will” employment. As a result, you are free to resign at any time, for any reason or for no reason. Similarly, the Company is free to conclude its employment
relationship with you at any time for any lawful reason, with or without Cause (as defined below), and with or without notice. You understand and agree that neither your job performance nor promotions, commendations, bonuses or the like from the
Company give rise to or in any way serve as the basis for modification or amendment, by implication or otherwise, of the at-will nature of your employment with the Company. 

 3. Cash Compensation. Your annual base salary will be Four Hundred Thousand
($400,000) Dollars, payable in accordance with the Company’s normal payroll practices (as such may be increased from time to time, the “Base Salary”), less any payroll deductions and withholdings as are required by law. You
will be eligible to receive an annual cash bonus, with a target amount during each calendar year of the Company equal to Two Hundred and Fifty Thousand ($250,000) Dollars (the “Target Bonus” and the actual amount awarded, the
“Actual Bonus”), based upon the achievement of performance objectives established by the Board and subject to the terms of the applicable bonus plan(s). For calendar year 2017, your Target Bonus shall be pro-rated for the number of days in the calendar year during the period between your Start Date and December 31, 2017 and your Actual Bonus for that calendar year shall be no less than $125,000; provided that
in order to receive payment of any Actual Bonus, you must be employed by the Company on the last day of such calendar year to which such bonus relates and at the time bonuses are paid, except as set forth in Sections 7(b) or 7(c). Your Actual Bonus
will be paid by the fifteenth day of the third month following your or the Company’s taxable year in which it is earned, whichever is later. 

4. Expenses. The Company will pay or reimburse you for reasonable travel, entertainment or other expenses incurred by you in the
furtherance of or in connection with the performance of your duties hereunder in accordance with the Company’s established policies. You must be an employee of the Company on the date an expense is incurred and must submit a claim for
reimbursement (with appropriate receipts) in accordance with the Company’s reimbursement policies. 
 5. Benefits. During
your employment, you shall be eligible to participate in the employee benefit plans currently and hereafter maintained by the Company with respect to other senior executives of the Company, including, without limitation, any Company group medical,
dental, vision insurance and Section 401(k) plan and vacation policies. The Company reserves the right to change the benefit plans and programs it offers to its employees at any time, provided that any adverse change to such plans and programs
will apply to all employees generally and not disproportionately affect you. 
 6. Equity Award. You will be granted within ten
(10) days of the Start Date, a stock option to purchase an aggregate of 5,552,808 shares of the Company’s common stock, which is approximately 4.85% of the Company’s common stock (on a fully diluted basis), at an exercise price equal
to the fair market value of a share of the Company’s common stock as determined by the Board on the date of grant (the “Option”). The Option shall be a nonqualified stock option, except that to the maximum extent permitted
under the Code (as defined below) such Option shall be an “incentive stock option”. 

  
 2 

 The Option shall vest over four years commencing on the Start Date (the “Vesting
Commencement Date”) as follows: (i) 25% of the total number of shares underlying the Option shall vest on of the first anniversary of the Vesting Commencement Date and (ii) the balance shall vest in equal monthly installments of
2.0833% of the shares over the next thirty-six months following the anniversary of the Vesting Commencement Date in each case subject to your continuous service to the Company as of the applicable vesting
date. The Option shall be subject to the terms and conditions of the Company’s Stock Incentive Plan (the “Plan”) and a stock option agreement by and between you and the Company (the “Stock Option Agreement”).
In the case of any conflict between the terms of the Plan or the Stock Option Agreement and the terms of this agreement, the terms of this agreement shall govern. Notwithstanding any provision of the Plan or the Option to the contrary, if the Option
is not assumed, continued or substituted for in a Change of Control (as defined below), then the vesting of the Option will accelerate in full immediately prior to the Change of Control. No right to any stock is earned or accrued until such time
that vesting occurs, nor does the grant confer any right to continue vesting or employment. 
 7. Severance and Vesting
Acceleration. Your employment with the Company will be at-will and may be terminated by you or by the Company at any time for any reason as follows: (a) you may terminate your employment upon written
notice to the Board for “Good Reason,” as defined below (“Constructive Termination”); (b) you may terminate your employment upon written notice to the Board at any time in your discretion without Good Reason
(“Voluntary Termination”); (c) the Company may terminate your employment upon written notice to you at any time following a determination that there is “Cause,” as defined below, for such termination (“Termination
for Cause”); and (d) the Company may terminate your employment upon written notice to you at any time without Cause for such termination (“Termination without Cause”). Notwithstanding anything to the contrary in this
agreement, (i) any reference herein to a te1mination of your employment is intended to constitute a “separation from service” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the
“Code”), and Section 1.409A-1(h) of the regulations promulgated thereunder, and shall be so construed, and (ii) no payment will be made or become due to you upon termination of your
employment unless such termination constitutes a “separation from service” within the meaning of Section 409A of the Code and you further resign from all positions held at the Company (including as a member of the Board). 

(a) Termination for Cause, Death or Disability, or Voluntary Termination. In the event you are subject to a Termination for Cause, in
the event of your death or Disability (as defined below), or in the event of your Voluntary Termination, you will be paid only (i) any earned but unpaid Base Salary and earned but unused vacation or paid time off and (ii) reimbursement for
all reasonable and necessary expenses incurred by you in connection with your performance of services on behalf of the Company in accordance with applicable Company policies and guidelines (including submitting to the Company proper documentation
evidencing such incurred expenses), in each case as of the effective date of such termination of employment (the “Accrued Compensation”). 

(b) Termination without Cause or Constructive Termination Not In Connection With a Change of Control. In the event of your Termination
without Cause or Constructive Termination not in connection with a Change of Control (as defined below); provided that (except with respect to the Accrued Compensation) you deliver to the Company a signed general release of claims in favor of the
Company in the form attached hereto as Exhibit A (the “Release”) and satisfy all conditions to make the Release effective and irrevocable within sixty (60) days following your termination of employment, then, you shall
be entitled to (i) your Accrued Compensation, (ii) acceleration as to twenty-five (25%) percent of then-unvested portion of the Option, provided that if you have been employed with the Company for less than twelve months from the Start
Date, then acceleration shall instead be twenty-five (25%) percent of the total number of shares of common stock subject to the Option and (iii) a lump sum payment equal to (a) twelve (12) months of your then current Base Salary and
(b) your full Target Bonus for the calendar year of your termination, payable on the first business day after the 60th day following your termination of employment. 

  
 3 

 (c) Termination without Cause or Constructive Termination In Connection With a Change of
Control. In the event of your Termination without Cause or Constructive Termination in connection with a Change of Control that occurs within three (3) months prior to or twelve (12) months following the Change of Control; provided
that (except with respect to the Accrued Compensation) you deliver to the Company the signed Release and satisfy all conditions to make the Release effective and irrevocable within sixty (60) days following your termination of employment (or
the consummation of the Change of Control if later), then, (in lieu of any benefits pursuant to Section 7(b)), you shall be entitled to (i) your Accrued Compensation, (ii) acceleration as to one hundred (100%) percent of the
then-unvested portion of the Option and (iii) a lump sum payment equal to (a) twelve (12) months of your then current Base Salary and (b) your full Target Bonus, payable on the first business day after the 60th day following your
termination of employment; provided that, in the event your termination occurs within three (3) months prior to the Change of Control, you will not be entitled to receive payment unless and until the 60th day following the date the Change of
Control is consummated . 
 (d) Other Termination Provisions. Upon your termination for any reason and after giving effect to any
acceleration that may apply under this Section 7, the Option shall cease vesting. For the avoidance of doubt, you will not be entitled to any severance in connection with a termination of your employment with the Company for any reason other
than the severance and accelerated vesting of the Option on the terms set forth above in this Section 7. 
 8. Definitions.
For the purposes of this agreement: 
 (a) “Cause” means (i) your material and repeated failure to perform your
stated duties, and your inability or unwillingness to cure such failure to the reasonable satisfaction of the Company within 30 days following written notice of such failure to you from the Board; (ii) your material violation of a Company
policy or material breach of any written agreement or covenant with the Company, including, but not limited to, any applicable invention assignment and confidentiality agreement or similar agreement between the Company and you; (iii) your
conviction of, or entry of a plea of guilty or nolo contendere to, a felony (other than motor vehicle offenses the effect of which do not materially impair your performance of your employment duties); (iv) your commission of a willful act that
constitutes gross misconduct and which is materially injurious to the Company; (v) your commission of any act of fraud or embezzlement; (vi) your commission of any act of dishonesty or any other willful misconduct that has caused or is
reasonably expected to result in a material injury to the Company; or (vii) your willful failure to cooperate with an investigation authorized by the Board or initiated by a governmental authority, in either case, relating to the Company, its
business , or any of its directors , officers or employees. You will be provided with 10 days’ notice and thirty days opportunity to cure any event that is curable. The determination as to whether you are being terminated for Cause will be made
in good faith by the Board and will be final and binding. 

  
 4 

 (b) “Change of Control” means (i) a sale, conveyance, exchange or
transfer (excluding any venture-backed or similar investments in the Company) in which any person or entity, other than persons or entities who as of immediately prior to such sale, conveyance, exchange or transfer own securities in the Company,
either directly or indirectly, becomes the beneficial owner, directly or indirectly, of securities of the Company representing more than fifty (50%) percent of the total voting power of all its then outstanding voting securities; (ii) a merger
or consolidation of the Company in which its voting securities immediately prior to the merger or consolidation do not represent, or are not converted into securities that represent, a majority of the voting power of all voting securities of the
surviving entity immediately after the merger or consolidation; (iii) a change in the composition of the Board, as a result of which the individuals who, on the date hereof, constitute the Board (the “Incumbent Board”), cease
for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director whose election, or nomination for election by the Company’s stockholders, was approved by a vote of a majority of the
directors then comprising the Incumbent Board shall be considered as though such an individual were a member of the Incumbent Board; or (iv) a sale of all or substantially all of the assets of the Company or a liquidation or dissolution of the
Company, provided that, in each of cases (i)—(iv) of this definition, a transaction or series of transactions shall only constitute a Change of Control if it also satisfies the requirements of a change of control under U.S. Treasury Regulation 1.409A-3(i) (5)(v), l.409A-3(i)(5)(vi), or 1.409A-3(i)(5)(vii). 

(c) “Disability” means a disability as defined in Section 22(e)(3) of the Code. 

(d) “Good Reason” means the occurrence of one or more of the following, without your written consent: (i) a material
reduction by the Company of your Base Salary as in effect immediately prior to such reduction (other than a proportionate reduction in connection with a general reduction of compensation to the vice presidents of the Company and the employees senior
to vice presidents of the Company that does not, when aggregated with any previous reductions, exceed a reduction to you of $50,000); (ii) a relocation of your principal place of employment to a location more than 50 miles from the Company’s
headquarters as of the Start Date; or (iii) a significant reduction of your duties , position or responsibilities; provided, however, that a reduction solely by virtue of the Company being acquired and made part of a larger entity following a
Change of Control shall not constitute “Good Reason”. In order for an event to qualify as “Good Reason,” you must provide the Company with written notice of the acts or omissions constituting the grounds for “Good
Reason” within 60 days of the initial existence of the grounds for “ Good Reason” and a reasonable cure period of 30 days following the date of written notice (the “Cure Period”), such grounds must not have been cured
during such time, and you must resign within 90 days following the end of the Cure Period. 

  
 5 

 9. Parachute Payments. In the event that the severance and other benefits
provided for in this agreement or otherwise payable to you (i) constitute “parachute payments” within the meaning of Section 280G of the Code and (ii) but for this Section, would be subject to the excise tax imposed by
Section 4999 of the Code, then, at your discretion, your severance and other benefits under this agreement shall be payable either (i) in full, or (ii) as to such lesser amount which would result in no portion of such severance and
other benefits being subject to the excise tax under Section 4999 of the Code, whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the excise tax imposed by Section 4999, results
in the receipt by you on an after-tax basis, of the greatest amount of severance benefits under this agreement, notwithstanding that all or some portion of such severance benefits may be taxable under
Section 4999 of the Code. Any reduction shall be made in the following manner: first a pro-rata reduction of (i) cash payments subject to Section 409A of the Code as deferred compensation and
(ii) cash payments not subject to Section 409A of the Code, and second a pro rata cancellation of (i) equity-based compensation subject to Section 409A of the Code as deferred compensation and (ii) equity-based compensation
not subject to Section 409A of the Code. Reduction in either cash payments or equity compensation benefits shall be made pro-rata between and among benefits which are subject to Section 409A of the
Code and benefits which are exempt from Section 409A of the Code. Unless the Company and you otherwise agree in writing, any determination required under this Section shall be made in writing by the Company’s independent public accountants
(the “Accountants”), whose determination shall be conclusive and binding upon you and the Company for all purposes. For purposes of making the calculations required by this Section, the Accountants may make reasonable assumptions
and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and you shall furnish to the Accountants such information and
documents as the Accountants may reasonably request in order to make a determination under this Section. The Company shall bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this Section. 

10. Section 409A. To the extent (a) any payments or benefits to which you become entitled under this agreement, or under any
other agreement or Company plan, in connection with your termination of employment with the Company constitute deferred compensation subject to Section 409A of the Code and (b) you are deemed at the time of such termination of employment
to be a “specified employee” under Section 409A of the Code, then such payments shall not be made or commence until the earliest of (i) the expiration of the six (6)-month period measured from the date of your “separation
from service “ (as such term is at the time defined in Treasury Regulations under Section 409A of the Code) from the Company; or (ii) the date of your death following such separation from service; provided, however, that such
deferral shall only be effected to the extent required to avoid adverse tax treatment to you, including (without limitation) the additional twenty percent (20%) tax for which you would otherwise be liable under Section 409A(a)(1)(B) of the Code
in the absence of such deferral. Upon the expiration of the applicable deferral per i od, any payments which would have otherwise been made during that period (whether in a single sum or in installments) in the absence of this paragraph shall be
paid to you or your beneficiary in one lump sum (without interest). Any termination of your employment is intended to constitute a “separation from service” and will be determined consistent with the rules relating to a “separation
from service” as such term is defined in Treasury Regulation Section 1.409A-1. It is intended that each installment of the payments 

  
 6 

 
provided hereunder constitute separate “payments” for purposes of Treasury Regulation Section l.409A-2(b)(2)(i). It is further intended that
payments hereunder satisfy, to the greatest extent possible, the exemptions from the application of Section 409A of the Code (and any state law of similar effect) provided under Treasury Regulations
Section 1.409A-l(b)(4) (as a “short-term deferral”) and Section l.409A-1(b)(9) (as a “separation pay due to involuntary separation”). To the
extent that any provision of this agreement is ambiguous as to its compliance with Section 409A of the Code, the provision will be read in such a manner so that all payments hereunder comply with Section 409A of the Code. Except as
otherwise expressly provided herein, to the extent any expense reimbursement or the provision of any in-kind benefit under this agreement is determined to be subject to Section 409A of the Code, the
amount of any such expenses eligible for reimbursement, or the provision of any in-kind benefit, in one calendar year shall not affect the expenses eligible for reimbursement in any other taxable year, in no
event shall any expenses be reimbursed after the last day of the calendar year following the calendar year in which you incurred such expenses, and in no event shall any right to reimbursement or the provision of any
in-kind benefit be subject to liquidation or exchange for another benefit. 
 11.
Miscellaneous. As a condition of your employment, you are also required to sign and comply with a Proprietary Information and Inventions Assignment Agreement (a “Confidentiality Agreement”) which requires, among other
provisions, the assignment of patent rights to any invention made dur i ng your employment at the Company, and non-disclosure of Company proprietary information. You will also be required to execute the
Company’s current form of the Voting Agreement and Stockholders’ Agreement at such time as requested by the Company. In the event of any dispute or claim relating to or arising out of our employment relationship, you and the Company agree
that (i) any and all disputes between you and the Company shall be fully and finally resolved by binding arbitration in San Jose, California conducted by Judicial Arbitration and Mediation Services, Inc. (“JAMS”) under its
then-applicable rules, (ii) you are waiving any and all rights to a jury trial but all court remedies will be available in arbitration, (iii) all disputes shall be resolved by a neutral arbitrator who shall issue a written opinion,
(iv) the arbitration shall provide for adequate discovery. Please note that we must receive your signed Confidentiality Agreement before your first day of employment and (v) all JAMS fees and administrative charges shall be paid by the
Company. 
 You must disclose to the Company any and all agreements relating to your prior employment that may affect your eligibility to be
employed by the Company or limit the manner in which you may be employed. It is the Company’s understanding that any such agreements will not prevent you from performing the duties of your position and you represent that such is the case. You
agree not to bring any third party confidential information to the Company, including that of your former employer, and that in performing your duties for the Company you will not in any way utilize any such information. 

As a Company employee, you will be expected to abide by the Company’s rules and standards. Specifically, you will be required to sign an
acknowledgment that you have read and that you understand the Company’s rules of conduct. 

  
 7 

 Upon your commencement of employment with the Company, you will be offered an
indemnification agreement on the most favorable form that the Company uses for its officers and directors. The Company also agrees that, as long as you are Chief Executive Officer of the Company or a director of the Company, you will be covered by
any director and officer and/or errors and omissions insurance policy that the Board may from time-to-time determine is appropriate for the Company; provided that the
Company has no obligation to obtain any such policy. 
 All sums payable to you hereunder shall be reduced by all federal, state, local and
other withholding and similar taxes and payments required by applicable law. 
 You and the Company recognize that this is a legally binding
contract and acknowledge and agree that each party has had the opportunity to consult with legal counsel of their choice. Each party has cooperated in the drafting, negotiation and preparation of this agreement. Hence, in any construction to be made
of this agreement, the same shall not be construed against either party on the basis of that party being the drafter of such language. You acknowledge and agree that you have consulted with your own tax advisors with respect to any advice you may
deem necessary or appropriate with respect to this agreement, that neither the Company nor any of its directors, officers, counsel, stockholders, or advisors has provided any tax advice to you or otherwise made any representations or guarantees to
you with respect to the tax treatment of the bonus opportunity provided in this agreement, and that you have relied entirely on your own professional advisors as to these matters. The provisions of this agreement shall survive the termination of
your employment for any reason to the extent necessary to enable the parties to enforce their respective rights under this agreement. 

This agreement will be governed by the laws of the State of California without reference to conflict of laws provisions. 

(Signature Page Follows) 

  
 8 

 To indicate your acceptance of the Company’s offer, please sign and date this agreement
in the space provided below and return it to me. A duplicate original is enclosed for your records. This agreement, along with any agreements relating to proprietary rights between you and the Company, set forth the terms of your employment with the
Company and supersede any prior representations or agreements including, but not limited to, any representations made during your recruitment, interviews or pre-employment negotiations, whether written or
oral. This agreement, including, but not limited to, its at-will employment provision, may not be modified or amended except by a written agreement signed by you and another officer of the Company designated
by the Board. We look forward to working with you at Coursera, Inc. 
  

			
	COURSERA, INC.	  	JEFFREY N. MAGGIONCALDA
		
	/s/ Lila Ibrahim	  	/s/ Jeffrey N. Maggioncalda
		
	Name: Lila Ibrahim	  	Name: Jeff Maggioncalda
	Title: Chief Operating Officer	  	CEO

 Exhibit A 

RELEASE 
 In
consideration of the termination benefits described herein (the “Benefits”) provided and to be provided to me by Coursera, Inc., or any successor thereof (the “Company”) pursuant to my employment agreement with
Company dated June 1, 2017 (the “Agreement “) and in connection with the termination of my employment, I agree to the following general release (the “Release”). The Release shall in no way abridge my rights to full
and complete payment of the Benefits and the Release shall be void absent full payment of the Benefits. 
 I . On behalf of myself, my heirs,
executors, administrators, successors, and assigns, I hereby fully and forever generally release and discharge Company, its current, former and future parents, subsidiaries, affiliated companies, related entities, employee benefit plans, and their
fiduciaries, predecessors, successors, officers, directors, shareholders, agents, employees and assigns (collectively, the “Company”) from any and all claims, causes of action, and liabilities up through the date of my execution of the
Release. The claims subject to this release include, but are not limited to, those relating to my employment with Company and/or any predecessor to Company and the termination of such employment. All such claims (including related attorneys’
fees and costs) are barred without regard to whether those claims are based on any alleged breach of a duty arising in statute, contract, or tort. This expressly includes waiver and release of any rights and claims arising under any and all laws,
rules, regulations , and ordinances, including, but not limited to: Title VII of the Civil Rights Act of 1964; the Older Workers Benefit Protection Act; the Americans With Disabilities Act; the Age Discrimination in Employment Act; the Fair Labor
Standards Act; the National Labor Relations Act; the Family and Medical Leave Act; the Employee Retirement Income Security Act of 1974, as amended (“ERISA”); the Workers Adjustment and Retraining Notification Act ; the California
Fair Employment and Housing Act (if applicable); the provisions of the California Labor Code (if applicable); the Equal Pay Act of 1963; and any similar law of any other state or governmental entity. The parties agree to apply California law in
interpreting the Release. Accordingly, I further waive any rights under Section 1542 of the Civil Code of the State of California or any similar state statute. Section 1542 states: “A general release does not extend to claims which
the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which, if known to him or her, must have materially affected his or her settlement with the debtor.” This Release does not extend to,
and has no effect upon, any benefits that have accrued , and to which I have become vested or otherwise entitled to, under any employee benefit plan, program or policy sponsored or maintained by the Company, or to my right to indemnification by the
Company, and continued coverage by the Company’s director’s and officer’s insurance. 

 2. In understanding the terms of the Release and my rights, I have been advised to consult
with an attorney of my choice prior to executing the Release. I understand that nothing in the Release shall prohibit me from exercising legal rights that are, as a matter of law, not subject to waiver such as: (a) my rights under applicable
workers’ compensation laws; (b) my right, if any, to seek unemployment benefits; (c) my right to indemnity under California Labor Code section 2802 or other applicable state-law right to
indemnity; and (d) my right to file a charge or complaint with a government agency such as but not limited to the Equal Employment Opportunity Commission, the National Labor Relations Board, the Department of Labor, the California Department of
Fair Employment and Housing, or other applicable state agency. Moreover, I will continue to be indemnified for my actions taken while employed by the Company to the same extent as other then-current or former directors and officers of the Company
under the Company’s Certificate of Incorporation and Bylaws and the Director and Officer Indemnification Agreement between me and the Company, if any, and I will continue to be covered by the Company’s directors and officers liability
insurance policy as in effect from time to time to the same extent as other then-current or former directors and officers of the Company, each subject to the requirements of the laws of the State of California. To the fullest extent pe1mitted by
law, any dispute regarding the scope of this general release shall be resolved through binding arbitration as set forth below, and the arbitration provision set forth in my Agreement. 

3. I understand and agree that Company will not provide me with the Benefits unless I execute the Release. I also understand that I have
received or will receive, regardless of the execution of the Release, all wages owed to me together with any accrued but unused vacation pay, less applicable withholdings and deduct io ns, earned through my te1mination date. 

4. As part of my existing and continuing obligations to Company, I have returned to Company all Company documents (and all copies thereof) and
other Company property that I have had in my possession at any time, including but not limited to Company files, notes, drawings, records, business plans and forecasts, financial information, specification, computer-recorded information, tangible
property (including, but not limited to, computers, laptops, pagers, etc.), credit cards, entry cards, identification badges and keys; and any materials of any kind which contain or embody any proprietary or confidential information of Company (and
all reproductions thereof). I understand that, even if I did not sign the Release, I am still bound by any and all confidential/proprietary/trade secret information, non-disclosure and inventions assignment
agreement(s) signed by me in connection with my employment with Company, or with a predecessor or successor of Company pursuant to the terms of such agreement(s) . 

5. I represent and warrant that I am the sole owner of all claims relating to my employment with Company and/or with any predecessor of
Company, and that I have not assigned or transferred any claims relating to my employment to any other person or entity. 
 6. I agree to
keep the Benefits and the provisions of the Release confidential and not to reveal its contents to anyone except my lawyer, my spouse or other immediate family member , and/or my financial consultant, or as required by legal process or applicable
law. 
 7. I understand and agree that the Release shall not be construed at any time as an admission of liability or wrongdoing by either
Company or myself. 

  
 11 

 8. I agree that for a period of 1 year following my termination of employment, I will not
make any negative or disparaging statements or comments, either as fact or as opinion, about Company, its employees, officers, directors, shareholders, vendors, products or services, business, technologies, market position or performance. Nothing in
this paragraph shall prohibit me from providing truthful information in response to a subpoena or other legal process. 
 10. Any controversy
or claim arising out of or relating this Release, its enforcement, arbitrability, or interpretation, or because of an alleged breach, default, or misrepresentation in connection with any of its provisions, shall be resolved by binding arbitration in
San Jose, California conducted by Judicial Arbitration and Mediation Services, Inc. under its then-applicable rules. I agree that (i) I am waiving any and all rights to a jury trial but all court remedies will be available in arbitration,
(ii) all disputes shall be resolved by a neutral arbitrator who shall issue a written opinion and (iii) the arbitration shall provide for adequate discovery. 

11. I agree that I have had at least twenty-one (21) calendar days in which to consider whether to
execute the Release, no one hurried me into executing the Release during that per io d, and no one coerced me into executing the Release. I understand that the offer of the Benefits and the Release shall expire on the twenty-second (22nd) calendar
day after my employment termination date if I have not accepted it by that time. I further understand that Company’s obligations under the Release shall not become effective or enforceable until the eighth (8th) calendar day after the date I
sign the Release provided that I have timely delivered it to Company (the “Effective Date”) and that in the seven (7) day period following the date I deliver a signed copy of the Release to Company I understand that I may revoke my
acceptance of the Release. I understand that the Benefits will become available to me at such time after the Effective Date. 
 12. In
executing the Release, I acknowledge that I have not relied upon any statement made by Company , or any of its representatives or employees, with regard to the Release unless the representation is specifically included here in. Furthermore, the
Release contains our entire understanding regarding eligibility for Benefits and supersedes any or all prior representation and agreement regarding the subject matter of the Release. However, the Release does not modify, amend or supersede written
Company agreements that are consistent with enforceable provisions of this Release such as my Agreement, proprietary information and invention assignment agreement, and any stock, stock option and/or stock purchase agreements between Company and me.
Once effective and enforceable, this agreement can only be changed by another written agreement signed by me and an authorized representative of Company. 

13. Should any provision of the Release be determined by an arbitrator, court of competent jurisdiction, or government agency to be wholly or
partially invalid or unenforceable, the legality, validity and enforceability of the remaining parts, terms, or provisions are intended to remain in full force and effect. Specifically, should a court, arbitrator, or agency conclude that a
particular claim may not be released as a matter of law, it is the intention of the parties that the general release and the waiver of unknown claims above shall otherwise remain effective to release any and all other claims. I acknowledge that I
have obtained sufficient information to intelligently exercise my own judgment regarding the terms of the Release before executing the Release. 

  
 12 

 13. The Benefits provided and to be provided to me by the Company consist of the benefits
and payments in accordance with Section 7 of the Agreement. 
 [SIGNATURE PAGE TO GENERAL RELEASE AGREEMENT FOLLOWS] 

  
 13 

 EMPLOYEE’S ACCEPTANCE OF RELEASE 

BEFORE SIGNING MY NAME TO THE RELEASE, I STATE THE FOLLOWING: I HAVE READ THE RELEASE, I UNDERSTAND IT AND I KNOW THAT I AM GIVING UP
IMPORTANT RIGHTS. I HAVE OBTAINED SUFFICIENT INFORMATION TO INTELLIGENTLY EXERCISE MY OWN JUDGMENT. I HAVE BEEN ADVISED THAT I SHOULD CONSULT WITH AN ATTORNEY BEFORE SIGNING IT, AND I HAVE SIGNED THE RELEASE KNOWINGLY AND VOLUNTARILY. 

EFFECTIVE UPON EXECUTION BY EMPLOYEE AND THE COMPANY. 

Date delivered to employee ___________________, _____. 

Executed this ___________ day of _____________, _____. 

 

	
	Your Signature
	
	Your Name (Please Print)

  

	
	Agreed and Accepted:
	
	Coursera, Inc.
	
	  

	
	By:
	
	Date:

 [SIGNATURE PAGE TO GENERAL RELEASE AGREEMENT)

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