Document:

EX-10.20

 Exhibit 10.20 

 
 

 
 PLAIN ENGLISH REVOLVING LOAN
AND SECURITY AGREEMENT 
 This is a PLAIN ENGLISH REVOLVING CAPITAL LOAN AND SECURITY AGREEMENT
dated as of June 28, 2017 by and between PERSONALIS, INC., a Delaware corporation, as a borrower, and any other Person that executes a Joinder Agreement to become a borrower under this Agreement, and TRIPLEPOINT CAPITAL LLC, a Delaware limited
liability company, as lender. 
 The words “We”, “Us”, and “Our” refer to TRIPLEPOINT CAPITAL LLC. Unless otherwise specified,
the words “You” and “Your” refer to each of and all of PERSONALIS, INC. and any other Person that executes a Joinder Agreement to become a borrower under this Agreement, and, not to any individual, and PERSONALIS, INC. and any
other Person that executes a Joinder Agreement to become a borrower under this Agreement, shall be jointly and severally liable for any and all of Your agreements and obligations under this Agreement. The words “the Parties” refers to each
of and all of TRIPLEPOINT CAPITAL LLC, PERSONALIS, INC. and any other Person that executes a Joinder Agreement to become a borrower under this Agreement. This Plain English Revolving Loan and Security Agreement may be referred to as the
“Agreement”. 
 The Parties agree to the following mutual agreements and conditions listed below: 

 

					
	 REVOLVING LOAN FACILITY
INFORMATION

			
	 Facility Number
  

Part 1: 1115-RV-01
	 	 Commitment Amount
  

Part 1: $10,000,000 upon

satisfaction of the Part 1 Milestone,

as further set forth in Section 3.
	 	 Minimum Advance Amount
  

None

  

							
				
	 Availability Period
  

Part 1: Closing Date through December 31, 2018
	  	 Revolving Loan

Maturity Date
  

Part 1: December 31, 2018
	  	 Loan Term
  

Part 1: The number of months from the Closing Date through December 31, 2018
	  	 Interest Rate
  

Part 1: Prime Rate plus 6.75%, subject to adjustment as set forth in Section 9.

 
 (Prime Rate as published in the Wall Street Journal,
however, in no event shall the Prime Rate be less than 4.0%)

				
	 Security Interest
  

First priority security interest in all Collateral; negative pledge on Intellectual Property
	  	 End Of Term Payment
  

Part 1: 5.5% of the highest outstanding principal amount during the Loan Term.
	  	 Facility Fee
  

Part 1: $62,500 due on Closing Date; additional $62,500 due upon availability of Tranche B, as further set forth in Section 3.
	  	 Right To Invest
  

You grant Us the right to invest up to $250,000 in Your next round of equity financing per Section 19

					
	 OUR CONTACT
INFORMATION

			
	 Name
  

TriplePoint Capital LLC
	  	 Address For Notices
  

2755 Sand Hill Rd., Ste. 150
 Menlo
Park, CA 94025
 Tel: (650) 854-2090

Fax: (650) 854-1850
	  	 Contact Person
  

Sajal Srivastava, President
 Tel:
(650) 233-2102
 Fax: (650) 854-1850

email: legal@triplepointcapital.com

	
	 YOUR CONTACT
INFORMATION

			
	 Customer Name
  

Personalis, Inc.
	  	 Address For Notices
  

1330 O’Brien Drive
 Menlo Park,
CA 94025
	  	 Contact Person
  

Carol Tillis, VP Finance & Administration

Tel: (650) 752-1330

Fax: (650) 752-1301

email: carol.tillis@personalis.com

 Capitalized terms defined in the Table of Terms shall have the meanings given to those terms in such table, and other
capitalized terms not otherwise defined in the body of this Agreement are defined in Section 21. Any accounting term not specifically defined herein shall be construed in accordance with GAAP, and all calculations shall be made in accordance
with GAAP. The term “financial statements” shall include the accompanying notes and schedules. 
  

 

	1.	 WHAT THE PARTIES AGREE TO FINANCE; DESIGNATION OF LEAD BORROWER 

 
 Provided that the conditions in Sections 4 and 5 and
elsewhere in this Agreement are met, We will lend to You the Parts of the Commitment Amount as reflected in the Table of Terms and You agree to use such proceeds to finance any of Your general corporate needs. We will make one monthly Advance under
the Revolving Loan (each an “Advance”) in minimum amounts as set forth in the Table of Terms up to a maximum of the Commitment Amount as provided in the Table of Terms. Our obligation to fund Advances under each Part of the
Commitment Amount under this Agreement will end on the last day of the Availability Period noted in the Table of Terms for such Part. 
 Any Person that
executes a Joinder Agreement to become a borrower under this Agreement hereby designates PERSONALIS, INC. as its representative and agent on its behalf for the purposes of giving and receiving all Advance Requests and all other notices and
consents under this Agreement or under any of the other Loan Documents and taking all other actions (including in respect of compliance with covenants) on behalf of any Person that executes a Joinder Agreement to become a borrower under this
Agreement, under this Agreement and the other Loan Documents. PERSONALIS, INC. hereby accepts such appointment. We may regard any notice or other communication pursuant to this Agreement or any other Loan Document from PERSONALIS, INC.
as a notice or communication from all of You, and may give any notice or communication required or permitted to be given to any of You hereunder to PERSONALIS, INC. on behalf of each of You. Each of You agrees that each notice, election,
representation and warranty, covenant, agreement and undertaking made on Your behalf by PERSONALIS, INC. shall be deemed for all purposes to have been made by each of You and shall be binding upon and enforceable against each of You to the
same extent as if the same had been made directly by each of You. 
  
  

	2.	 YOU WILL ENTER INTO A PROMISSORY NOTE 

 
 The Plain English Revolving Loan Promissory Note in
the form of Exhibit A (“Promissory Note”) is the form of document the Parties will enter into upon the availability of each Tranche/Commitment Amount. The Promissory Note evidences the Revolving Loan and all of the terms and
conditions of this Agreement are incorporated in and made a part of the Promissory Note. For any Part that is not available on the Closing Date, the Parties will enter into a Promissory Note when such Part becomes available. 

  
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	3.	 YOUR LOAN FACILITY COMMITMENT AMOUNT MAY BE DIVIDED INTO PARTS 

 
 The Commitment Amount and/or its corresponding parts
(if any) will be noted in the Table of Terms (“Parts”). For purposes of this Agreement, references to the Commitment Amount shall mean the Part or Parts which are available and in effect. Certain terms or conditions associated with
the availability of such Part are listed in the Table of Terms. As to any Part that is available “Upon Request and Additional Approval”, You are required to make a request to utilize that additional Part in writing to Us (the
“Commitment Increase Request Notice”), prior to Your submission of a corresponding Advance Request. After Our receipt of the Commitment Increase Request Notice, We will review the information available to Us and conduct any legal
and business due diligence deemed necessary by Us in connection with Our attempt to obtain Our requisite credit approvals and such approval shall be in Our sole discretion. Our agreement to consider providing the additional Part is not, and is not
to be construed as, a commitment, offer, or agreement to provide such additional Part. 
 Part 1 Milestone: The availability of the Part 1 Commitment
Amount is as follows: (a) an initial $5,000,000 of the Part 1 Commitment Amount shall be available subject to confirmation satisfactory to Us that You have completed the Part 1 Milestone, as determined in Our sole discretion (“Tranche
A”) and (b) the remaining $5,000,000 of the Part 1 Commitment Amount shall be available upon confirmation in writing that subsequent to the Closing Date the Department of Veteran Affairs has awarded to You the the contract related to the
Million Veteran Program (the “VA Contract”) or Upon Request and Additional Approval in the event You are not awarded the VA Contract (“Tranche B”). 
  

 

	4.	 HOW WILL YOU REQUEST ADVANCES 

 
 In addition to the requirements of Section 5 set
forth below, You agree to follow the procedures listed below to have Us extend an Advance to You: 
  

	 	•	 	 You will submit to Us (by facsimile, mail or electronic mail) a completed Advance Request in the form attached as
Exhibit B signed by Your Chief Executive Officer, President or Vice President-Finance. The Advance Request shall be irrevocable. 

  

	 	•	 	 Such Advance Request must be submitted and received by Us no later than 5:00 p.m. PT five
(5) Business Days prior to the last day of the applicable Availability Period. Any Advance Request submitted after 5:00 p.m. PT shall be considered received the following Business Day. 

 

	 	•	 	 Each Advance Request will state a requested funding date that is at least five (5) Business Days
after the date such Advance Request is submitted to Us. 

 After We check and approve the information You provide in the Advance Request,
upon Your initial Advance Request, We will prepare and provide to You a Promissory Note for Your signature. Upon receipt of the Promissory Note signed by Your authorized officer and confirmation by Us that all conditions to funding an Advance have
been met, We will then advance the requested funds to You. 
 All the terms, conditions, and covenants of this Agreement shall apply to all Advances whether
or not each Advance is evidenced by a Promissory Note. You agree that We may rely on, and shall be fully protected in relying upon, any notice or Advance Request given by any person We reasonably believe to be Your authorized representative without
the necessity of Our conducting an independent investigation, including Your contact person listed in the Table of Terms. 
  

 

	5.	 CONDITIONS FOR US TO MAKE LOANS TO YOU 

 
 Our obligation to fund any Advance that You request
under this Agreement is subject to satisfaction of each of the conditions set forth in Sections 4 and 18 and each of the following conditions: 
  

	 	•	 	 The representations and warranties in this Agreement and in the Warrant Agreement shall be true, complete and
correct in all material respects on and as of the date(s) We fund each Advance with the same effect as though they were made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, in
which case they shall remain true, complete and correct in all material respects as of such date; provided, however, that such materiality qualifiers shall not be applicable to any representations and warranties that already are
qualified or modified by materiality in the text thereof. Each Advance Request will constitute Your representation and warranty on the relevant Advance Date as to the matters provided in Sections 11 and 12 and as to the matters set forth in the
Advance Request. 

  
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	 	•	 	 You shall be in compliance with all the terms and provisions set forth in this Agreement, each Promissory Note
and each other Loan Document, and at the time of and immediately after such Advance: (a) no Default or Event of Default shall have occurred and be continuing, and (b) no fact or conditions shall exist that would (or would with the passage
of time, the giving of notice, or both) constitute a Default or an Event of Default under this Agreement or any other Loan Document. 

  

	 	•	 	 You shall provide Us with all appropriate assignments, notices and control agreements that are necessary or
desirable to perfect or maintain Our first priority Lien in all of the Collateral. 

  

	 	•	 	 You shall have paid to Us the entire amount of the Facility Fee then due and payable as indicated in the Table of
Terms relating to the Part under which such Advance is funded. 

  

	 	•	 	 No event or circumstance shall exist or have occurred that has had or could reasonably be expected to have a
Material Adverse Effect. 

  

	 	•	 	 You shall have delivered to Us the Warrant Agreement. 

 

	 	•	 	 We shall have received all of the agreements, documents, instruments and other items set forth in the Schedule of
Documents attached hereto as Schedule 2, each in form and substance reasonably satisfactory to Us. 

  

	 	•	 	 We shall have received certificates of insurance, endorsements and other documents evidencing Your compliance
with Section 10 in form and substance reasonably acceptable to Us. 

  

	 	•	 	 You shall submit to Us any other documents and other information that We may request. 

 
  

	6.	 YOU MAY PREPAY YOUR PROMISSORY NOTE 

 
 You may at any time prepay any amounts outstanding
under all of the Promissory Notes in part or in full, without premium or penalty, by paying: (a) the principal amount being prepaid and all accrued interest calculated as if the date of such prepayment occurred on the next scheduled monthly
payment date per the respective Promissory Notes, (b) the End of Term Payment, prorated for any partial payment, and (c) all other Secured Obligations, if any, that shall have become due and payable, including interest at the Default Rate
with respect to any past due amounts as of the date of prepayment. 
  
  

	7.	 THE MAXIMUM RATE OF INTEREST; DEFAULT RATE 

 
 Maximum Rate of Interest. It is not Our intent
to receive interest at a rate greater than the maximum rate permissible by law, which We shall call the “maximum rate”. If a court determines You have actually paid Us interest based on a rate that exceeds the maximum rate, then We shall
apply the excess as follows: first, to the payment of the outstanding principal amount of the Secured Obligations; second, after all principal is repaid, to the payment of Our accrued interest and any other principal, interest, fees,
costs or other amounts owed by You to Us in respect of the Secured Obligations; and third, after all amounts owed by You to Us are repaid, the excess (if any) shall be refunded to You. 

Default Interest. In the event that You do not pay any interest when due, delinquent interest shall be added to principal and shall bear interest on
interest, compounded at the rate set forth in the Table of Terms. Upon and during an Event of Default, all principal, interest or other amounts owed by You to Us shall bear interest at a rate per annum equal to the rate set forth in the Table of
Terms plus five percent (5%) per annum (the “Default Rate”). 
  

 

	8.	 YOU GRANT US A SECURITY INTEREST 

 
 Each of You grants to Us a first priority, continuing
security interest in and Lien upon all of Your right, title and interest in each of the following whether now owned or hereinafter acquired and wherever located: 
  

	 	•	 	 All Receivables; 

  

	 	•	 	 All Equipment; 

  

	 	•	 	 All Fixtures; 

  
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	 	•	 	 All General Intangibles; 

 

	 	•	 	 All Intellectual Property; 

 

	 	•	 	 All Inventory; 

  

	 	•	 	 All Investment Property; 

 

	 	•	 	 All Deposit Accounts; 

  

	 	•	 	 All Cash; 

  

	 	•	 	 All commercial tort claims, if any, as listed on Exhibit C; 

 

	 	•	 	 All Goods and personal property, whether tangible or intangible and whether now or hereinafter owned or existing,
leased, consigned by or to or acquired and wherever located; and 

  

	 	•	 	 To the extent not otherwise included, all Proceeds of each of the foregoing and all accessions to, substitutions
and replacements for, rents, profits, and products of each of the foregoing. 

 All the above listed items will be collectively called the
“Collateral”. 
 Notwithstanding the above, Collateral excludes Intellectual Property currently held or hereafter obtained, but includes Proceeds
of Intellectual Property (including but not limited to all Receivables, rights to payment and General Intangibles arising from the sale, licensing or disposition of all or any part of, or rights in, the foregoing); provided, however,
other than non-exclusive licenses or non-perpetual exclusive licenses with respect to geographic area, fields of use and customized products for specific customers that
would not result in a transfer of title of the licensed property under applicable law, all given in the ordinary course of Your business, in the event any of You transfer, sell, assign, grant a security interest in, hypothecate, permit or suffer to
exist any Lien, or otherwise transfer any interest in or encumber any portion of the Intellectual Property, either voluntarily or involuntarily, without Our prior written consent, Our security interest shall include (and shall be deemed to have a
Lien in such assets included from the Closing Date) all Intellectual Property. 
 As of September 1, 2017, You may enter into a Working Capital Loan
Facility (defined below) so long as the aggregate outstanding obligations and liabilities thereunder (including advances, bank services, letters of credit, contingent obligations and the like) at no time exceed $5,000,000 upon receipt and review by
Us of the final documentation relating to such Working Capital Loan Facility and execution of an intercreditor agreement between Us and the lender under the Working Capital Loan Facility, with terms acceptable to Us. As used in this Agreement
“Working Capital Loan Facility” means a revolving line of credit provided by a bank, commercial lender, or other financial institution regularly engaged in the business of lending money (excluding venture capital, investment banking
or similar institutions which sometimes engage in lending activities but which are primarily engaged in investments in equity securities) (each, a “Working Capital Lender”), pursuant to which such Working Capital Lender makes
advances based on the value of any of Your Accounts. 
  
  

	9.	 HOW AND WHAT WILL YOU PAY US 

 
 Payments. Except as set forth in
Section 7 with respect to interest that accrues at the Default Rate, the principal balance of each Promissory Note shall accrue interest at the percentage per year as indicated in the Table of Terms, and shall be computed daily on the basis of
a year consisting of 360 days for the actual number of days occurring in the period for which such interest is payable, and interest shall accrue from the date on which the Advance funded to any of You. Monthly installments of interest shall be
payable on the last day of each month through the Revolving Loan Maturity Date (unless that date falls on a weekend or national holiday in which event such payment shall be due on the previous Business Day). In the event that the Prime Rate is
changed from time to time during the term of this Agreement, the applicable rate of interest for the outstanding principal balance of the Advances shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal
to such change in the Prime Rate. The first payment date for each Advance will be the last day of the month in which the Advance was funded. All outstanding principal and accrued interest shall be due on the Revolving Loan Maturity Date, if not
sooner paid in full. 
 Interest Rate Adjustment. Immediately upon execution of a Working Capital Loan Facility the Interest Rate for all outstanding
Advances and any new Advances shall increase by one percent (1%). 
 Fees. You shall pay to Us the following fees and expenses: 

 

	 	•	 	 Facility Fees. On or before the Closing Date, or upon availability of additional Commitment Amounts, as
the case may be, the respective Facility Fee as indicated in the Table of Terms. 

  
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	 	•	 	 End of Term Payment. Upon the earlier of the expiration of the Loan Term or last payment date for any
Promissory Note, the End of Term Payments as indicated in the Table of Terms. 

 Re-borrowing.
Any amounts that You repay on the Advances may be re-borrowed during the applicable Availability Period. 

Miscellaneous. Payments are due electronically by automatic debit through Automated Clearing House (ACH) payment on or before the last day of each
month. You agree to fill out and execute the electronic funds transfer/automatic debit Authorization form that We provide. If We do not receive any payments from You within two (2) Business Days after they are due, You will pay a late charge on
the overdue amount. The late charge will be equal to five percent (5%) of the amount due for each month not paid when due and until such time as payment is received. All payments shall be free and clear of any taxes, withholdings, duties,
impositions or other charges, to the end that We will receive the entire amount of any Secured Obligations payable under this Agreement, regardless of the source of payment. Any interest not paid when due shall be compounded by becoming a part of
the Secured Obligations, and such interest shall then accrue interest at the rate then applicable under this Agreement and the applicable Promissory Note. 
  

 

	10.	 INSURANCE 

 
 So long as there are any Secured Obligations
outstanding, You shall carry and maintain commercial general liability insurance, against risks customarily insured against in Your line of business. All such insurance shall be in form, with companies, and in amounts reasonably acceptable to
Us. Such risks shall include the risks of bodily injury, including death, property damage, personal injury, advertising injury, and contractual liability. You must maintain a minimum of One Million Dollars ($1,000,000) of commercial
general liability insurance for each occurrence. So long as there are any Secured Obligations outstanding, You shall also carry and maintain insurance upon the Collateral, insuring against all risks of physical loss or damage howsoever caused,
including the perils of fire, windstorm, in an amount not less than the full replacement cost of the Collateral. . 
 You shall submit to Us
certificates of insurance, which reflect Your compliance with Your insurance obligations in the above paragraph and the obligations contained in this Section. Your insurance certificate shall state that We are an additional insured for
commercial general liability, an additional insured and a loss payee for all risk property damage insurance. . Attached to the certificates of insurance will be additional insured endorsements for liability and lender’s loss payable
endorsements for all risk property damage insurance 
 The certificates of insurance will state that the commercial general liability coverage evidenced is
primary and non-contributory to any insurance or Our self-insurance, and will further state that a waiver of subrogation in favor of Us has been agreed to. The commercial general liability and property
insurance will provide for a minimum of thirty (30) days advance written notice to Us of cancellation, ten (10) days for nonpayment. Any failure by Us to scrutinize such insurance certificates for compliance is not a waiver of any of
Our rights, all of which are reserved 
  
  

	11.	 REPRESENTATIONS AND WARRANTIES FROM YOU 

 
  

	You	 represent and warrant that: 

 

	 	•	 	 Collateral Title. You own all right, title and interest in and to the Collateral, free of all Liens
whatsoever, except for Permitted Liens. 

  

	 	•	 	 Granting of Lien. You have the full power and authority to, and do grant and convey to Us, a Lien on the
Collateral as security for the Secured Obligations, free of all Liens other than Permitted Liens and shall execute such notices, assignments, and control agreements, in connection herewith as We may reasonably request to perfect and obtain the
priority of Our Lien on the Collateral. Except for Permitted Liens, the Collateral is not subject to any Liens. You are not presently a party to, nor bound by, any material lease, license, contract or agreement which prohibits You or any of Your
Subsidiaries from granting a Lien on such lease, license, contract or other agreement (to the extent such prohibition is enforceable under applicable law). 

  
 6 

	 	•	 	 Due Organization. You are a corporation duly organized, legally existing and in good standing under the
laws of the State of Delaware with corporate organization number 4943063 for Personalis, Inc. and are duly qualified as a foreign corporation in all jurisdictions in which the nature of Your business or location of Your properties
require such qualifications and where the failure to be qualified could reasonably be expected to result in an event which, individually or together with any other event, would have a Material Adverse Effect. 

 

	 	•	 	 Authorization, Validity and Enforceability. Your execution, delivery and performance of the Promissory
Notes, this Agreement, all financing statements, all other Loan Documents, and all Excluded Agreements, (i) have been duly authorized by all necessary corporate action, and (ii) will not result in the creation or imposition of any Lien
upon the Collateral, other than the Liens created by this Agreement and the other related Loan Documents. The person or people executing this Agreement and other Loan Documents are duly authorized to do so, and the Loan Documents executed by or on
behalf of any of You and each term and provision thereof are Your legal, valid and binding obligations, enforceable in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization or other similar laws
generally affecting the enforcement of the rights of creditors and equitable principles (regardless of whether enforcement is sought in equity or at law). 

  

	 	•	 	 Litigation. There are no actions, suits or proceedings at law or in equity or by or before any
governmental authority now pending or, to the knowledge of any of You, threatened against or affecting any of You or any of the business, property or rights of any of You (i) which involve any Loan Document or Excluded Agreement or (ii) as
to which there is a reasonable possibility of an adverse determination and which, if adversely determined, could, individually or in the aggregate result in an event which individually or together with any other event, reasonably be expected to
result in a Material Adverse Effect. 

  

	 	•	 	 Compliance with Applicable Laws. None of You are in violation of any law, rule or regulation or in default
with respect to any judgment, writ, injunction or decree of any governmental authority, where such violation or default could reasonably be expected to result in a Material Adverse Effect. 

 

	 	•	 	 Conflict. Neither this Agreement nor any other Loan Document (a) violates any provisions of the
articles or certificate of incorporation, or bylaws of any of You, or any law, regulation, order, injunction, judgment, decree or writ to which any of You are subject or (b) conflicts with or results in the breach or termination of, constitutes
a default under or accelerates or permits the acceleration of any performance required by, any material lease, agreement or other contract to which any of You are a party or by which any of You or any of Your property is bound.

  

	 	•	 	 Further Consent. The execution, delivery and performance of this Agreement and the other Loan Documents do
not require the consent or approval of any other Person, including any regulatory authority, or governmental body of the United States or any State or any political subdivision of the United States or any state. 

 

	 	•	 	 Material Adverse Effect. Since March 31, 2017, no event that has had or could reasonably be expected
to have a Material Adverse Effect has occurred or is continuing. 

  

	 	•	 	 Other Defaults. None of You is in default in any manner under any provision of any indenture or other
agreement or instrument evidencing Indebtedness, or any other material agreement or instrument to which any of You are a party or by which any of You or any of the properties or assets of any of You are or may be bound, in each case where such
default could result in an event which, individually or together with any other event, could reasonably be expected to have a Material Adverse Effect. 

  

	 	•	 	 Other Agreement. None of You is a party to any agreement or instrument or subject to any corporate
restriction that has resulted or could reasonably be expected to result in a Material Adverse Effect. 

  

	 	•	 	 Information Correct. No information, report, Advance Request, financial statement, exhibit or schedule
furnished by or on behalf of any of You to Us in connection with the negotiation of any Loan Document contains or will contain any material misstatement of fact or omitted, omits or will omit to state any material fact necessary to make the
statements, in the light of circumstances under which they were, are or will be made, not misleading (it being recognized by Us that projections and estimates as to future events are not to be viewed as facts and that the actual results during the
period or periods covered by any such projections and estimates may differ materially from projected or estimated results). 

  

	 	•	 	 Filing of Taxes. You have filed all required federal, state and local tax returns (or filed appropriate
extensions for the filing of such returns), except to the extent such failure to file has not resulted in the creation of a Lien. Subject to Section 12, Paragraph “Taxes”, You have fully paid or You have reserved for and are
contesting in 

  
 7 

	 	 
good faith all taxes or installments (including any interest or penalties). You have fully paid or reserved for and are contesting in good faith all tax assessments that any of You have received
for the 3 years preceding the Closing Date. 

  

	 	•	 	 ERISA Compliance. You have met the minimum funding requirements of ERISA with respect to any employee
benefit plans subject to ERISA. No event has occurred resulting from the failure by any of You to comply with ERISA that is reasonably likely to result in any of You incurring any liability that could reasonably be expected to have a Material
Adverse Effect. 

  

	 	•	 	 Hazardous Waste. None of the properties or assets of any of You has ever been used by any of You or, to
the knowledge of any of You, by previous owners or operators, in the disposal of, or to produce, store, handle, treat, release, or transport, any hazardous waste or hazardous substance other than in accordance with applicable law; to the knowledge
of any of You, none of the properties or assets of any of You has ever been designated or identified in any manner pursuant to any environmental protection statute as a hazardous waste or hazardous substance disposal site, or a candidate for closure
pursuant to any environmental protection statute; no Lien arising under any environmental protection statute has attached to any revenues or to any real or personal property owned by any of You; and none of You have received a summons, citation,
notice, or directive from the Environmental Protection Agency or any other federal, state or other governmental agency concerning any action or omission by any of You resulting in the releasing, or otherwise disposing of hazardous waste or hazardous
substances into the environment. You have at all times operated Your business in compliance in all material respects with all applicable provisions of federal, state and local statutes and ordinances dealing with the control, shipment, storage or
disposal of hazardous materials or substances. 

  

	 	•	 	 Operation of Business. You own, possess, have access to, or can become licensed on reasonable terms under
all patents, patent applications, trademarks, trade names, inventions, franchises, licenses, permits, computer software and copyrights necessary for the operation of Your business as now conducted, with no known infringement of, or conflict with,
the rights of others. You have taken reasonable measures to avoid liability from infringement by third parties using Your facilities, in particular that You have complied with the requirements of the Digital Millennium Copyright Act for notice and
takedown. You have at all times operated Your business in compliance in all material respects with all applicable provisions of the Federal Fair Labor Standards Act, as amended. 

 

	 	•	 	 Trading with the Enemy Act; OFAC; Patriot Act. Neither You nor any of Your Subsidiaries is an
“enemy” or an “ally of the enemy” within the meaning of Section 2 of the Trading with the Enemy Act or any enabling legislation or executive order relating thereto. Neither You nor any of Your Subsidiaries is in violation of
(a) the Trading with the Enemy Act, (b) any of the foreign assets control regulations of the United States Treasury Department (31 C.F.R., Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto,
or (c) the Patriot Act. 

  

	 	•	 	 Investment Company Act. Neither You nor any of Your Subsidiaries are (a) an “investment
company” or is “controlled” by an “investment company”, as such terms are defined in, or subject to regulation under, the Investment Company Act of 1940, (b) otherwise subject to any other regulatory scheme limiting its
ability to incur debt or requiring any approval or consent from, or registration or filing with, any governmental authority in connection with Your or its incurrence of debt, (c) and is not a “person” related to Us as described in
Sections 57(b) or 57(e) of the Investment Company Act of 1940. 

  

	 	•	 	 Your Information. Your present name, former names (if any) used in the past 5 years, locations, and other
information are correctly and completely stated on the Certificate of Perfection attached as Exhibit C. 

  

	 	•	 	 Intellectual Property. The Certificate of Perfection attached as Exhibit C contains a true, correct
and complete list of each of Your Patents, Trademarks, Copyrights and Licenses, together with application or registration numbers, as applicable. 

  

	 	•	 	 Accounts. The Certificate of Perfection attached as Exhibit C contains a true, correct and complete
list of (a) all banks and other financial institutions at which You maintain Deposit Accounts and (b) institutions at which You maintain accounts holding Investment Property owned by You, and such Certificate of Perfection correctly
identifies the name, address and telephone number of each bank or other institution, the name in which the account is held, a description of the purpose of the account, and the complete account number therefore. None of the account debtors or other
Persons obligated on any of the Collateral is a governmental authority covered by the Federal Assignment of Claims Act or like federal, state or local statute, rule, or law in respect of such Collateral. 

  
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	12.	 YOUR COVENANTS TO US 

 
 So long as the Secured Obligations have not been
fully and indefeasibly paid in cash in full or We have any obligation to make Advances, Each of You covenants to the following: 
  

	 	•	 	 Legal Existence and Qualification. Each of You will maintain Your, and each of Your Subsidiaries’,
legal existence and good standing in Your and their respective jurisdictions of formation or organization, and maintain qualifications to do business in all jurisdictions in which the nature of Your business or location of Your properties require
such qualifications and where the failure to be qualified could reasonably be expected to result in an event which, individually or together with any other event, would have a Material Adverse Effect. 

 

	 	•	 	 Compliance with Laws. Each of You will, and will cause each of Your Subsidiaries to, comply with all laws
(including, without limitation, environmental laws) rules, regulations applicable to, and all orders and directives of any governmental or regulatory authority having jurisdiction over, You, Your Subsidiaries or Your business, and with all material
agreements to which You or any of Your Subsidiaries are a party, except where the failure to so comply could not reasonably be expected to have a Material Adverse Effect. None of You nor any of Your Subsidiaries shall become an “investment
company” or controlled by an “investment company,” within the meaning of the Investment Company Act of 1940, or become principally engaged in, or undertake as one of Your important activities, the business of extending credit for the
purpose of purchasing or carrying margin stock, or use the proceeds of any loan for such purpose. None of You, nor any Your Subsidiaries shall fail to meet the minimum funding requirements of ERISA, permit a reportable event or prohibited
transaction, as defined in ERISA, to occur, or fail to comply in all material respects with the Federal Fair Labor Standards Act. 

  

	 	•	 	 Management Rights. Each of You will permit any of Our authorized representatives and Our attorneys and
accountants on reasonable notice to inspect, examine and make copies and abstracts of Your books of account and records at reasonable times and during normal business hours. In addition, We and Our agents, attorneys and accountants will have the
right to meet with the management and officers of any of You to discuss such books of account and records. In addition, We will be entitled at reasonable times and intervals to consult with and advise the management and officers of any of You
concerning significant business issues. Such consultations shall not unreasonably interfere with Your business operations. The Parties intend that the rights granted here shall constitute “management rights” within the meaning of 29 C.F.R Section 2510.3-101(d)(3)(ii), but that any advice, recommendations or participation with respect to any business issues will not be deemed to give Us, nor be deemed an exercise by Us or control over the
management or policies of any of You. Further, each Party represents and warrants that We have offered to make available to each of You “significant managerial assistances” (as defined in Section 2(a)(47) of the Investment Company Act
of 1940) and, to the extent You accept such offer from Us, the scope, terms and conditions of such significant managerial assistance shall be set forth in a separate agreement between You, Us and Our administrator. 

 

	 	•	 	 Additional Documents and Assurances. Each of You will from time to time execute, deliver and file, alone
or with Us, any security agreements, or other documents to perfect or give first priority to Our Lien on the Collateral. Each of You will from time to time obtain any instruments or documents as We may request, and take all further action that may
be reasonably necessary or desirable, or that We may reasonably request, to carry out the provisions and purposes of this Agreement or any other Loan Document or to confirm, perfect, preserve and protect the Liens granted to Us. In addition, each of
You authorize Us to file at any time financing statements, continuation statements, and amendments thereto that (i) either specifically describe the Collateral or describe the Collateral as all of Your assets or words of similar effect,
regardless of whether any particular asset comprised in the Collateral falls within the scope of Article 9 of the UCC of such jurisdiction, and (ii) contain any other information required by the UCC for the sufficiency of filing office
acceptance of any financing statement, continuation statement, or amendment, including whether You are an organization, the type of organization and any organizational identification number issued to You, if applicable. Each of You hereby appoint Us
as its lawful attorney-in-fact to sign Your name on any documents necessary to perfect or continue the perfection of any Lien regardless of whether an Event of Default
has occurred until all Secured Obligations (other than inchoate indemnity obligations) have been satisfied in full and We are under no further obligation to make Advances. Our foregoing appointment as the attorney in fact for each of You, and all of
Our rights and powers, coupled with an interest, are irrevocable until all Secured Obligations (other than inchoate indemnity obligations) have been fully repaid and performed and Our obligation to provide Advances terminates. 

  
 9 

	 	•	 	 Protection of Our Lien. Each of You will take or cause to be taken all actions necessary to protect and
defend Your title to the Collateral and Our Lien on the Collateral. Each of You shall at all times keep the Collateral, and the assets and properties of each of Your Subsidiaries, free and clear from any legal process or Liens whatsoever (except for
Permitted Liens) and shall give Us immediate written notice of any legal process affecting the Collateral or the assets and properties of Your Subsidiaries, or any Liens on the Collateral or the assets and properties of Your Subsidiaries.

  

	 	•	 	 Maintenance of Properties. Each of You will maintain and protect Your properties, assets and facilities
(and those of Your Subsidiaries), including Your equipment and fixtures, in good working order, repair and condition (taking into consideration ordinary wear and tear) and from time to time make or cause to be made all necessary and proper repairs,
renewals and replacements and shall completely manage and care for Your property in accordance with prudent industry practices. 

  

	 	•	 	 Financial Statements. Each of You will provide monthly and yearly financial statements in accordance with
Section 18 of this Agreement, and such financial statements will include reports of any material contingencies (including commencement of any material litigation by or against You) or any other occurrence that could reasonably be expected to
have, individually or in the aggregate, a Material Adverse Effect.  

  

	 	•	 	 Audits and Inspections. Upon Our request, each of You will, during normal business hours, make the
Inventory, Equipment, other Collateral, and books and records concerning the Collateral (including software used in Your business) available to Us for inspection at the place where it is located and shall make Your log and maintenance records
pertaining to the Inventory and Equipment available to Us for inspection. You will take all action necessary to correctly and completely maintain such books, records, logs, and maintenance records. 

 

	 	•	 	 Taxes. Each of You will pay when due all federal income taxes, all state taxes imposed by each of Your
states of organization and the state of Your principal place of business and all material taxes, fees or other charges of any nature whatsoever (together with any related interest or penalties) imposed or assessed against any of You, Us or the
Collateral or upon Your ownership, possession, use, operation or disposition thereof or upon Your rents, receipts or earnings arising therefrom (excluding taxes imposed on Us based on Our net income or franchise taxes). Each of You shall file on or
before the due date all federal, state and local tax returns including personal property tax returns in respect to the Collateral on or before the due date thereof. Notwithstanding the foregoing, each of You may contest, in good faith and by
appropriate proceedings, taxes, fees and other charges for which You maintain adequate reserves in accordance with GAAP. 

  

	 	•	 	 Intellectual Property. Each of You will: (a) protect, defend and maintain the validity and
enforceability of Your Intellectual Property; (b) promptly advise Us in writing of material infringements of Your Intellectual Property; (c) not allow any Intellectual Property material to Your business to be abandoned, forfeited or
dedicated to the public without Our written consent; and (d) give Us written notice of any applications or registrations of Your Intellectual Property, including the date of such filings and the applicable application or registration numbers
within thirty (30) days after the end of each calendar quarter. 

  

	 	•	 	 Subsidiaries. If at any time, any of You create or acquire any Subsidiary, You and such subsidiary will
promptly notify Us of the creation or acquisition of such new Subsidiary and take all such action as We may reasonably require to cause such Subsidiary to guaranty the Secured Obligations and grant a continuing pledge and security interest in and to
the assets of such Subsidiary, and You shall grant and pledge to Us a first priority, perfected security interest in the stock, units or other evidence of ownership of such Subsidiary. 

 

	 	•	 	 Dispositions, Liens and Encumbrances. None of You will nor will You permit any of Your Subsidiaries to,
transfer, sell, assign, grant a security interest in, hypothecate, permit or suffer to exist any Lien, or otherwise transfer any interest in or encumber any portion of Your properties or assets (or those of any Subsidiary), including the
Intellectual Property, either voluntarily or involuntarily, without Our prior written consent, other than: (a) Permitted Liens, (b) sales of Inventory in the ordinary course of business,
(c) non-exclusive licenses or non-perpetual exclusive licenses with respect to geographic area, fields of use and customized products for specific customers that
would not result in a transfer of title of the licensed property under applicable law, all given in the ordinary course of Your business, and (d) sales of worn-out or obsolete Equipment not financed by Us
provided that the fair market value of such Equipment does not exceed $50,000 in any fiscal year. In addition, none of You will, nor will You permit any of Your Subsidiaries to, enter into any agreement with any Person (other than Us) that restricts
Your ability, or the ability of any of Your Subsidiaries, to transfer, sell, assign, grant a security interest in, hypothecate, permit or suffer to exist any Lien, or otherwise transfer any interest in or encumber any portion of Your properties or
assets or those of any of Your Subsidiaries, including Your Intellectual Property. Without limiting the generality of the foregoing, none of You will sell, transfer, encumber or otherwise dispose of any ownership interest that You may have in any
subsidiary. 

  
 10 

	 	•	 	 Mergers or Acquisitions. None of You will, nor will You permit any of Your Subsidiaries to,
liquidate, dissolve or enter into or consummate any Merger Event, and none of You will acquire all or substantially all of the capital stock or property of another Person, except that a Subsidiary (i) may merge into any of You or another
Subsidiary of You, or (ii) liquidate or dissolve, provided that its assets are transferred to You. 

  

	 	•	 	 Compromise of Accounts. Without Our prior written consent, none of You will (a) grant any material
extension of the time or payment of any of the Receivables, or General Intangibles, except in the ordinary course of business and consistent with customary industry practice, (b) to any material extent, compromise, compound or settle the same
for less than the full amount, except in the ordinary course of business and consistent with customary industry practice, (c) release, wholly or partly, any Person liable for the payment, or (d) allow any credit or discount whatsoever
other than trade discounts granted to You in the ordinary course of Your business and consistent with customary industry practice. 

  

	 	•	 	 Other Indebtedness. None of You will, nor will You permit any of Your Subsidiaries to, incur any
Indebtedness without the prior written consent of Us other than Indebtedness evidenced by this Agreement and the Permitted Indebtedness. 

  

	 	•	 	 Investments. None of You will, nor will You permit any of Your Subsidiaries to, directly or indirectly
make any Investment other than Permitted Investments. 

  

	 	•	 	 Dividends and Distributions. None of You will, without Our prior written consent, declare or pay any cash
dividend or make a distribution on, or repurchase or redeem, any class of stock, other than (a) pursuant to repurchase plans upon an employee’s, consultant’s or director’s death or termination of employment provided the aggregate
amount of all such repurchases does not exceed One Hundred Thousand Dollars ($100,000) per fiscal year and (b) dividends payable solely in shares of Your common stock. 

 

	 	•	 	 Collateral Locations; Name Changes. None of You will relocate, nor will You permit any Subsidiary
to relocate, Your (or such Subsidiary’s) chief executive office or principal place of business or any item of the Collateral (or assets of any such Subsidiary) unless: (i) You have given Us no less than thirty (30) days prior written
notice, (ii) You have obtained Our prior written consent, which consent shall not be unreasonably withheld; (iii) such relocation shall be within the continental United States, and (iv) such relocation does not adversely affect the
perfection or priority of Our security interest in any of the Collateral. In addition, each of You will obtain and maintain such acknowledgments, consents, waivers and agreements from: (i) the owner, Lien holder, mortgagee and landlord with
respect to any real property on which Collateral is located and (ii) from any Person in possession of Collateral, as We may require, all in form and substance reasonably satisfactory to Us. Without limiting the foregoing, where the Collateral
is covered by a negotiable Document (such as a warehouse receipt), You shall deliver to Us possession of such Document. None of You will change Your name without providing Us at least 30 days’ advance written notice. None of You will change
Your type of organization or legal structure without Our prior written consent. 

  

	 	•	 	 Line of Business. None of You will engage in, nor will You permit any of Your Subsidiaries to engage in,
any business other than the businesses currently engaged in by You and Your Subsidiaries or reasonably related thereto. 

  

	 	•	 	 Change of Jurisdiction. None of You will change Your state of organization unless You have obtained Our
prior written consent, which consent shall not be unreasonably withheld. You must give Us no less than thirty (30) days prior written notice. 

  

	 	•	 	 Deposit and Investment Accounts. None of You will maintain, nor permit any of Your Subsidiaries to
maintain, any Deposit Accounts or accounts holding Investment Property owned by any of You (or such Subsidiaries) except (i) accounts identified in the Certificate of Perfection attached as Exhibit C with respect to which We have a
perfected security interest, and (ii) other accounts with respect to which We have a perfected security interest. You will give Us prior written notice of the creation of any Deposit Accounts or accounts holding Investment Property.

  

	 	•	 	 Transactions with Affiliates. None of You will directly or indirectly enter into or permit to exist any
material transaction with any of Your Affiliates except for (i) transactions that are in the ordinary course of Your business, upon fair and reasonable terms that are no less favorable to You than would be obtained in an arm’s length
transaction with a non-affiliated Person, and (ii) equity financings with Your existing investors that are otherwise permitted under this Agreement and (iii) unsecured bridge financings with Your
existing investors that are otherwise permitted under this Agreement and that constitute Subordinated Indebtedness and are evidenced by a 

  
 11 

	 	 
subordination agreement on terms acceptable to Us in Our sole discretion. None of You will directly or indirectly make any payment or distribution on account of any intercompany liabilities or
indebtedness other than the type described in item (h) of the definition of Permitted Indebtedness. 

  

	 	•	 	 Subordinated Indebtedness. You will not prepay, redeem or otherwise satisfy in any manner prior to the
scheduled repayment thereof any Indebtedness (other than the Advances), and You shall not make or permit any payment on any Subordinated Indebtedness, except under the terms of the subordination, intercreditor, or other similar agreement to which
such Subordinated Indebtedness is subject, or amend any provision in any document relating to the Subordinated Indebtedness which would increase the amount thereof or adversely affect the subordination thereof to Secured Obligations owed to Us.

  

	 	•	 	 OFAC and Patriot Act. None of You will, directly or indirectly, use the proceeds of the Advances, or lend,
contribute or otherwise make available such proceeds to any Subsidiary, Affiliate, joint venture partner or other Person, to fund any activities or business of or with any Person, or in any country or territory, that, at the time of such funding, is
the subject of any sanctions administered by OFAC, or in any other manner that would result in a violation of OFAC sanctions by any Person, including any Person participating in any capacity in the Advances. You will not, and will not permit any of
Your Subsidiaries to, (a) be or become subject at any time to any law, regulation or list of any governmental authority of the United States (including the OFAC list) that prohibits or limits Us from making any Advance or extension of credit to
You or from otherwise conducting business with You, or (b) fail to provide certificates or documentary or other evidence of Your identity as may be requested by Us at any time to enable Us to verify Your identity or to comply with any
applicable law or regulation, including Section 326 of the Patriot Act at 31 U.S.C. Section 5318. 

  

	 	•	 	 Personalis (UK) Limited. You shall not distribute any Cash or other investments to Personalis (UK) Limited
other than ordinary expenses incurred by Personalis (UK) Limited pursuant to a cost plus arrangement between You and Personalis (UK) Limited. You agree with in thirty (30) days of Our request to enter into a Charge Over Shares in form and
substance acceptable to Us. 

  
  

	13.	 YOU AGREE TO INDEMNIFY AND PROTECT US 

 
 You agree to indemnify and hold Us, Our officers,
directors, employees, agents, attorneys, representatives and shareholders (each, an “Indemnitee”) harmless from and against any and all claims, costs, expenses, damages and liabilities (including such claims, costs, expenses,
damages and liabilities based on liability in tort, including strict liability in tort), including reasonable attorneys’ fees and disbursements and other costs of investigation or defense (including those incurred upon any appeal), that may be
instituted or asserted against or incurred by Us or any such Indemnitee as the result of credit having been extended, suspended or terminated under this Agreement and the other Loan Documents or the administration of such credit, or in connection
with or arising out of the transactions contemplated or any actions or failures to act in connection with, or arising out of the disposition or utilization of the Collateral, excluding in all cases, claims, costs, expenses, damages and liabilities
resulting solely from Our gross negligence or willful misconduct. 
  
  

	14.	 WHAT IS AN EVENT OF DEFAULT 

 
 The occurrence of any one or more of the following
events shall constitute an “Event of Default” under this Agreement: 
  

	 	•	 	 Payment. You do not pay any principal, interest, fees, costs or other Secured Obligations under this
Agreement, the Promissory Notes or any of the other related Loan Documents on the due date; or 

  

	 	•	 	 Covenant. Any of You fail to perform any covenant or Secured Obligations under this Agreement, the
Promissory Notes or any of the other related Loan Documents, and You fail to cure such breach (to the extent that such breach is capable of being cured) within ten (10) days after the earlier of (i) We give You written notice or
(ii) Your actual knowledge of such default; or 

  

	 	•	 	 Misrepresentations. Any of You or any Person acting for any of You makes any representation, warranty, or
other statement now or later in this Agreement, any other Loan Document, or any Excluded Agreement or in any writing delivered to Us or to induce Us to enter this Agreement, any other Loan Document, or any Excluded Agreement, and such
representation, warranty, or other statement is incorrect in any material respect when made, provided, however, that such materiality qualifier shall not be applicable to any representation, warranty or statement that already is
qualified or modified by materiality in the text thereof; or 

  
 12 

	 	•	 	 Bankruptcy; Attachment; Other. 

•        Any of You (i) assigns Your assets for the benefit of Your
creditors, (ii) becomes insolvent or becomes unable to pay Your debts as they become due, or becomes unable to pay or perform Your obligations under the Loan Documents or Excluded Agreements, (iii) files a voluntary petition in bankruptcy,
(iv) files any petition, answer, or document seeking for itself any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any present or future statute, law or regulation pertinent to such
circumstances, (v) seeks or consents to or acquiesces in the appointment of any trustee, receiver, or liquidator of itself or of all or any substantial part of its assets or property, (vi) ceases operation of Your business as Your business
has normally been conducted, or terminates substantially all of Your employees, or (vii) have Your directors or majority shareholders take any action initiating any of the foregoing actions described in this paragraph; or 

•        Either (i) thirty (30) days shall have expired after the
commencement of an involuntary action against any of You seeking reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any present or future statute, law or regulation, without such action being
dismissed or all orders or proceedings thereunder affecting Your operations or the business being stayed; or (ii) a stay of any such order or proceeding shall thereafter be set aside and the action setting it aside shall not be timely appealed;
or (iii) any of You shall file any answer admitting or not contesting the material allegations of a petition filed against You in any such proceedings; or (iv) the court in which such proceedings are pending shall enter a decree or order
granting the relief sought in any such proceedings; or 
 •        Thirty
(30) days shall have expired after the appointment, without Your consent or acquiescence, of any trustee, receiver or liquidator of any of You or of all or any substantial part of the properties of any of You without such appointment being
vacated; or 
  

	 	•	 	 Agreements with Us. The occurrence of any default under any other Loan Document, any Excluded Agreement,
or any other agreement between any of You and/or any of Your Subsidiaries and Us (other than any default embodied in or covered by any clause of this Section 14) and such default continues for more than twenty (20) days after the earlier
of (i) We have given notice of such default to You, or (ii) You have actual knowledge of such default; or 

  

	 	•	 	 Other Agreements. The occurrence of any default (other than any default embodied in or covered by any
other clause of this Section 14) that has not been cured or waived within any applicable grace period under any lease, loan, or other agreement or obligation of any of You involving any obligation which aggregates more than $100,000, or which
default could reasonably be expected to have a Material Adverse Effect; or 

  

	 	•	 	 Judgments. The entry of (a) any judgment or arbitration award against any of You involving an award
in excess of $100,000 or that could reasonably be expected to have a Material Adverse Effect that is not covered by insurance by a solvent insurance carrier that has confirmed coverage in writing, has not been, discharged, bonded or stayed on appeal
within ten (10) days; or (b) any judgment or arbitration award against You in which You are enjoined, restrained or in any way prevented from conducting all or any material part of Your business or affairs; or 

 

	 	•	 	 Change of Control. Except as otherwise permitted under this Agreement, the occurrence of any event or
transaction, including the sale or exchange of outstanding shares of Your capital stock or the capital stock of any of Your Subsidiaries, or series of related events or transactions, resulting in (a) the holders of such outstanding capital
stock immediately before consummation of such event or transaction, or series of related events or transactions, do not, immediately after consummation of such event or transaction or series of related events or transactions, retain, directly or
indirectly, capital stock representing at least 50% of the voting power of the surviving Person of such event or transaction or series of related events or transactions, in each case without regard to whether You or any of Your Subsidiaries are the
surviving Person, (b) any Person or “group” (other than a Person that is a stockholder on the Closing Date) shall obtain “beneficial ownership” (as such terms are defined under
Section 13d-3 of and Regulation 13D under the Securities Exchange Act of 1934), either directly or indirectly, of more than 25% of Your outstanding capital stock having the right to vote for the election
of directors under ordinary circumstances, or (c) You cease to own and control all of the economic and voting rights associated with all of the outstanding capital stock of Your Subsidiaries; or 

 

	 	•	 	 Investor Support. We have determined, in Our good faith judgment, that it is the intention of Your current
equity investors to not continue to fund, or arrange for the funding of, You in the amounts and timeframe reasonably necessary to enable You to satisfy the Secured Obligations as they become due and payable; or 

  
 13 

	 	•	 	 Officers. The individuals holding the offices of Your Chief Executive Officer, President, or Chief
Financial Officer as of the Closing Date shall for any reason cease to hold such offices or be actively engaged in Your day-to-day management, unless a successor
reasonably acceptable to Us is appointed within ninety (90) days of such cessation; or 

  

	 	•	 	 Guaranty Documents. (a) Any guaranty of any Secured Obligations terminates or ceases for any
reason to be in full force and effect; (b) any Guarantor does not perform any obligation or covenant under any guaranty of the Secured Obligations or any Event of Default occurs under any security agreement or other agreement between Us and any
Guarantor; (c) any event or circumstance described in paragraphs 3 through 8 of this Section 14 occurs with respect to any Guarantor, or (d) the death, liquidation, administration, winding up, or termination of existence of any
Guarantor (as applicable). 

  
  

	15.	 WHAT HAPPENS UPON AN EVENT OF DEFAULT 

 
 If an Event of Default has occurred and is
continuing, We can at Our option, and without notice to any of You: 
  

	 	•	 	 Terminate our commitment to make any future Advances under this Agreement; 

 

	 	•	 	 Terminate Our obligation to permit the principal, interest, fees, costs or other amounts owed by You to Us to
remain outstanding; 

  

	 	•	 	 Recover all sums due and accelerate and demand payment of all or any part of the principal, interest, fees, costs
or other amounts owed by any of You to Us and declare them to be immediately due and payable (provided, that upon the occurrence of a default of the type described in the fourth paragraph of Section 14 (i.e. “Bankruptcy;
Attachment; Other”), the Promissory Notes and all of the principal, interest, fees, costs or other amounts owed by any of You to Us shall automatically be accelerated and made immediately due and payable, in each case without any further notice
or act). Upon and after an Event of Default, the unpaid principal and accrued interest on the Promissory Notes and advances and all outstanding principal, interest, fees, costs or other amounts owed by any of You to Us, including all professional
fees and expenses, shall thereafter bear interest at the Default Rate; 

  

	 	•	 	 Settle or adjust disputes and claims directly with the account debtors of any of You for amounts, upon terms and
in whatever order that We reasonably consider to be advisable; 

  

	 	•	 	 Enter the premises of any of You, without notice and process of law and in compliance with Your security
requirements, to remove and repossess the Collateral without being liable to any of You for damages due to the repossession, except those resulting from Our or Our assignees’ negligence and charge You for the cost of repossession, storing and
shipping the Collateral. With respect to any premises that any of You own, You hereby grant to Us a license to enter into possession of such premises and to occupy the same, without charge, in order to exercise any of Our rights or remedies provided
herein, at law, in equity, or otherwise; and 

  

	 	•	 	 Pursue any other remedy permitted by law, equity or otherwise. 

We may exercise all rights and remedies with respect to the Collateral under this Agreement or the other Loan Documents or otherwise available to Us under the
UCC and other applicable law, including the right to release, hold, sell, lease, liquidate, collect, realize upon, or otherwise dispose of all or any part of the Collateral and the right to occupy, utilize, process and commingle the Collateral. Each
of You hereby grants to Us a license and right, to use, without charge, the labels, patents, copyrights, rights of use of any name, trade secrets, trade names, trademarks, service marks, and advertising matter, or any property of a similar nature of
any of You, as it pertains to the Collateral, in completing production of, advertising for sale, and selling any Collateral. In connection with Our exercise of Our rights under this Agreement and the other Loan Documents, each of the rights of any
of You under all licenses and all franchise agreements shall inure to Our benefit. All Our rights and remedies shall be cumulative and not exclusive. 
 In
addition to the power of attorney granted by each of You to Us in Section 12, effective only upon the occurrence and during the continuance of an Event of Default, each of You hereby irrevocably appoints Us (and any of Our designated officers,
agents, attorneys or employees) as Your true and lawful attorney to: (a) send requests for verification of Receivables or notify account debtors of Our security interest in the Receivables; (b) endorse Your name on any checks or other
forms of payment or security that may come into Our possession; (c) sign Your name on any invoice or bill of lading relating to any Receivable, drafts against account debtors, schedules and assignments of Receivables, verifications of
Receivables, and notices to account debtors; (d) dispose of any Collateral; (e) make, settle, and adjust all claims under and decisions with respect to Your policies of insurance; (f) settle and adjust disputes and claims respecting
the Accounts directly with account debtors, for amounts and upon terms which We determine to be reasonable. Our appointment as 

  
 14 

 
the attorney in fact for each of You, and each and every one of Our rights and powers, being coupled with an interest, is irrevocable until all of the Secured Obligations (other than inchoate
indemnity obligations) have been fully repaid and performed and Our obligation to provide Advances hereunder is terminated. 
  

 

	16.	 WHAT HAPPENS IF YOU ARE IN DEFAULT AND WE EXERCISE OUR REMEDIES 

 
 If an Event of Default has occurred and is
continuing, We may, at any time or from time to time, apply, collect, liquidate, sell in one or more sales, lease or otherwise dispose of, any or all of the Collateral, in its then condition or following any commercially reasonable preparation or
processing, in such order as We may elect. Any such sale may be made either at public or private sale at the place of business of any of You or elsewhere. Each of You agrees that any such public or private sale may occur upon Our ten
(10) calendar days’ prior written notice to You. We may require any of You to assemble the Collateral and make it available to Us at a place We designate that is reasonably convenient to Us. The proceeds of any sale, disposition or other
realization upon all or any part of the Collateral shall be applied in the following order of priorities: 
 First, to Us in an amount
sufficient to pay in full Our costs and professionals’ and advisors’ fees and expenses; 
 Second, to Us in an amount equal
to the then unpaid amount of all the principal, interest, fees, costs or other amounts owed by any of You to Us, in such order and priority as We may choose in Our sole discretion; and 

Finally, after the full, final, and indefeasible payment in Cash of all of the principal, interest, fees, costs or other amounts owed by
any of You to Us, to any creditor holding a junior Lien on the Collateral, or to any of You or Your representatives or as a court of competent jurisdiction may direct. 
  

 

	17.	 CROSS-GUARANTY 

 
 Cross-Guaranty. Each of You hereby agrees that
You are jointly and severally liable for, and hereby absolutely and unconditionally guarantees to Us and Our respective successors and assigns, the full and prompt payment (whether at stated maturity, by acceleration or otherwise) and performance of
all Secured Obligations owed or hereafter owing to Us by the other of You. Each of You agrees that Your guaranty obligation hereunder is a continuing guaranty of payment and performance and not of collection, that Your obligations under this Section
shall not be discharged until payment and performance, in full, of the Secured Obligations has occurred, and that Your obligations under this Section shall be absolute and unconditional, irrespective of, and unaffected by: 

 

	 	•	 	 the genuineness, validity, regularity, enforceability or any future amendment of, or change in, this Agreement,
any other Loan Document or any other agreement, document or instrument to which any of You are or may become a party; 

  

	 	•	 	 the absence of any action to enforce this Agreement (including this Section) or any other Loan Document or the
waiver or consent by Us with respect to any of the provisions thereof; 

  

	 	•	 	 the existence, value or condition of, or failure to perfect Our Lien against, any security for the Secured
Obligations or any action, or the absence of any action, by Us in respect thereof (including the release of any such security); 

  

	 	•	 	 the insolvency of any of You; or 

 

	 	•	 	 any other action or circumstances that might otherwise constitute a legal or equitable discharge or defense of a
surety or guarantor. 

 Each of You shall be regarded, and shall be in the same position, as principal debtor with respect to the Secured
Obligations guaranteed hereunder. 
 Waivers. Each of You expressly waives all rights any of You may have now or in the future under any statute, or
at common law, or at law or in equity, or otherwise, to compel Us to marshal assets or to proceed in respect of the Secured Obligations guaranteed hereunder against the other of You, any other party or against any security for the payment and
performance of the Secured Obligations before proceeding against, or as a condition to proceeding against, You. It is agreed among each of You and Us that the foregoing waivers are of the essence of the transaction contemplated by this Agreement and
the other Loan Documents and that, but for the provisions of this Section and such waivers, We would decline to enter into this Agreement. 

  
 15 

 Benefit of Guaranty. Each of You agrees that the provisions of this Section are for Our benefit and
the benefit of Our respective successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between any other Person and Us, the obligations of such Person under the Loan Documents. 

Waiver of Subrogation, Etc. Notwithstanding anything to the contrary in this Agreement or in any other Loan Document, and except as set forth herein,
each of You hereby expressly and irrevocably waives any and all rights at law or in equity to subrogation, reimbursement, exoneration, contribution, indemnification or set off and any and all defenses available to a surety, guarantor or
accommodation co-obligor. Each of You acknowledges and agrees that this waiver is intended to benefit Us and shall not limit or otherwise affect Your liability hereunder or the enforceability of this Section,
and that We and Our respective successors and assigns are intended third party beneficiaries of the waivers and agreements set forth in this Section. 

Election of Remedies. If We may, under applicable law, proceed to realize Our benefits under any of the Loan Documents giving Us a Lien upon any
Collateral, whether owned by any of You or by any other Person, either by judicial foreclosure or by non judicial sale or enforcement, We may, at Our sole option, determine which of Our remedies or rights We may pursue without affecting any of Our
rights and remedies under this Section. If, in the exercise of any of Our rights and remedies, We shall forfeit any of Our rights or remedies, including Our right to enter a deficiency judgment against any of You or any other Person, whether because
of any applicable laws pertaining to “election of remedies” or the like, each of You hereby consents to such action by Us and waives any claim based upon such action, even if such action by Us shall result in a full or partial loss of any
rights of subrogation that any of You might otherwise have had but for such action by Us. Any election of remedies that results in the denial or impairment of any right of Ours to seek a deficiency judgment against any of You shall not impair the
respective obligations of the rest of You to pay the full amount of the Secured Obligations. In the event We shall bid at any foreclosure or trustee’s sale or at any private sale permitted by law or the Loan Documents, We may bid all or less
than the amount of the Secured Obligations and the amount of such bid need not be paid by Us but shall be credited against the Secured Obligations. The amount of the successful bid at any such sale, whether We are or any other party is the
successful bidder, shall be conclusively deemed to be the fair market value of the Collateral and the difference between such bid amount and the remaining balance of the Secured Obligations shall be conclusively deemed to be the amount of the
Secured Obligations guaranteed under this Section, notwithstanding that any present or future law or court decision or ruling may have the effect of reducing the amount of any deficiency claim to which We might otherwise be entitled but for such
bidding at any such sale. 
 Limitation. Notwithstanding any provision herein contained to the contrary, the liability of each of You under this
Section (which liability is in any event in addition to amounts for which You are primarily liable under this Agreement) shall be limited to an amount not to exceed as of any date of determination the greater of: (a) the net amount of
the amounts advanced to the other of You under this Agreement and then re-loaned or otherwise transferred to, or for the benefit of, the other of You; and (b) the amount that could be claimed by Us from
the other of You under this Section without rendering such claim voidable or avoidable under Section 548 of Chapter 11 of the Bankruptcy Code or under any applicable state Uniform Fraudulent Transfer Act, Uniform Fraudulent Conveyance Act or
similar statute or common law after taking into account, among other things, Your right of contribution and indemnification from the other of You under this Section. 

Contribution with Respect to Guaranty Obligations. 
  

	 	•	 	 To the extent that any of You shall make a payment under this Section of all or any of the Secured Obligations (a
“Guarantor Payment”) that, taking into account all other Guarantor Payments then previously or concurrently made by such Person, exceeds the amount that such Person would otherwise have paid if each of You had paid the aggregate
Secured Obligations satisfied by such Guarantor Payment in the same proportion that such Person’s Allocable Amount (as defined below) (as determined immediately prior to such Guarantor Payment) bore to the aggregate Allocable Amounts of all of
You as determined immediately prior to the making of such Guarantor Payment, then, following indefeasible payment in full in cash of the Secured Obligations and termination of Our obligation to fund Advances, such Person shall be entitled to receive
contribution and indemnification payments from, and be reimbursed by, the other of You for the amount of such excess, pro rata based upon their respective Allocable Amounts in effect immediately prior to such Guarantor Payment.

  

	 	•	 	 As of any date of determination, the “Allocable Amount” of any of You shall be equal to the maximum
amount of the claim that could then be recovered from such Person under this section without rendering such claim voidable or avoidable under Section 548 of Chapter 11 of the Bankruptcy Code or under any applicable state Uniform Fraudulent
Transfer Act, Uniform Fraudulent Conveyance Act or similar statute or common law. 

  
 16 

	 	•	 	 This subsection is intended only to define the relative rights of each of You and nothing set forth in this
subsection is intended to or shall impair the obligations of each of You, jointly and severally, to pay any amounts as and when the same shall become due and payable in accordance with the terms of this Agreement, including subsection
“Cross-Guaranty” above. Nothing contained in this subsection shall limit the liability of any of You to pay the Advances made directly or indirectly to You and accrued interest, fees and expenses with respect thereto, for which You shall
be primarily liable. 

  

	 	•	 	 The Parties hereto acknowledge that the rights of contribution and indemnification hereunder shall constitute
assets of the Person to which such contribution and indemnification is owing. 

  

	 	•	 	 The rights of the indemnifying Persons against other Persons under this subsection shall be exercisable upon the
full and indefeasible payment of the Secured Obligations and the termination of Our obligation to fund Advances. 

 Liability
Cumulative. The liability of each of You under this Section is in addition to and shall be cumulative with all liabilities of each of You to Us under this Agreement and the other Loan Documents to which You are a party or in respect
of any Secured Obligations or obligation of each of You, without any limitation as to amount, unless the instrument or agreement evidencing or creating such other liability specifically provides to the contrary. 

 
  

	18.	 DOCUMENTS YOU WILL PROVIDE US 

 
 Upon signing this Agreement You will
provide Us with each of the following documents on or before the Closing Date: 
  

	 	•	 	 Executed originals of this Agreement, and all other documents and instruments that We may reasonably require;

  

	 	•	 	 Secretary’s certificate of incumbency and authority for each of You; 

 

	 	•	 	 Certified copy of resolutions of each of Your boards of directors approving this Agreement, the associated
Warrant Agreement(s) and the other Loan Documents and the transactions evidenced by this Agreement, the associated Warrant Agreement(s) and the other Loan Documents; 

 

	 	•	 	 Certified copy of Certificate of Incorporation and By-Laws for each of
You, as amended through the Closing Date; 

  

	 	•	 	 A certificate of good standing from the State of incorporation of each of You, and similar certificates from all
other jurisdictions where any of Your Subsidiaries do business and where the failure to be qualified, individually or collectively, could reasonably be expected to have a Material Adverse Effect; 

 

	 	•	 	 Payment of the Facility Fee for the Commitment Amount as denoted in the Table of Terms; 

 

	 	•	 	 Your budget and business plan of the current fiscal year; 

 

	 	•	 	 Executed Certificate of Perfection, attached as Exhibit C; and 

 

	 	•	 	 Any such other documents as We may reasonably request. 

On or before July 14, 2017, You shall provide a fully-executed copy by the Subordinated Lenders (as defined in the agreement referenced below) of
the following: 
  

	 	•	 	 That certain Subordination Agreement dated as of June 28, 2017 regarding convertible promissory notes in an
amount up to $12,275,000. 

 So long as there are any unpaid principal, interest, fees, costs or other amounts owed by any of You to
Us, or We have any obligation to make any additional Advances, each of You shall provide Us with: 
 Financial Statements. Within thirty
(30) days after the end of each month, each of You will provide Us with (a) an unaudited income statement, statement of cash flows, and an unaudited balance sheet prepared in accordance with GAAP (except for the absence of footnotes and
subject to year-end adjustments) accompanied by a report detailing 

  
 17 

 
any material contingencies, and (b) copies of all board packages delivered to the board of directors of any of You in connection with board meetings or otherwise. Within one hundred eighty
(180) days of the end of each fiscal year end, each of You will provide Us with audited financial statements accompanied by an audit report and an unqualified opinion of the independent certified public accountants. Within fifteen
(15) days after approval by the Board of Directors, but no later than 60 days after the end of Your fiscal year, each of You will provide Us a budget and business plan for the next fiscal year. Each of You will provide Us any additional
information (including, but not limited to, tax returns, income statements, balance sheets and names of principal creditors) as We reasonably believe are necessary to evaluate the continuing ability of each of You to meet Your financial obligations
to Us. These statements should be emailed to Us at financials@triplepointcapital.com, or upon Our prior approval, sent by facsimile or mail to Us at the address listed in the Table of Terms. 

Certificate of Compliance. Within five (5) Business Days after the end of each calendar quarter, each of You will provide Us with a Certificate of
Compliance in the form attached as Exhibit D. 
  
  

	19.	 RIGHT TO INVEST 

 
 You grant Us (or at Our election, an Affiliate of Us)
the right to invest up to Two Hundred Fifty Thousand and No/100 Dollars ($250,000), in the Next Round of Personalis, Inc., at Our sole discretion on the same terms and conditions as other investors in Your Next Round. You agree to provide Us
with at least twenty (20) days prior written notice of the proposed date of the Next Round, which notice shall include the final terms, conditions and pricing of the Next Round and copies of draft equity documents no later than two
(2) Business Days prior to the closing of the Next Round. The foregoing Right To Invest shall survive any termination or expiration of this Agreement and be in full force and effect until the consummation of Your Next Round. 

 
  

	20.	 OTHER LEGAL PROVISIONS YOU WILL ABIDE BY 

 
 Continuation of Security Interest. This is a
continuing agreement and the grant of the security interest and Lien hereunder or any other Loan Document shall remain in full force and effect and all of Our rights, powers and remedies shall continue to exist until all of the principal, interest,
fees, costs and other amounts owed by You to Us are fully and finally paid in cash, We have no further obligation to make Advances and We have executed a written termination statement. We shall file a termination statement and provide proof of
filing to You within thirty (30) days after the full and final payment in cash of all of the principal, interest, fees, costs and other amounts owed by You to Us hereunder, reassigning to You, without recourse except for Our acts, the
Collateral and all rights conveyed hereby and returning possession of the Collateral to You. Our rights, powers and remedies shall be in addition to all rights, powers and remedies given by statute or rule of law and are cumulative. The exercise of
any one or more of the rights, powers and remedies provided herein or in any other Loan Document shall not be construed as a waiver of or election of remedies with respect to any of Our other rights, powers and remedies. 

Entire Agreement. This Agreement and associated Promissory Notes supersede all other oral or written agreements or understandings between the Parties
concerning the Collateral. ANY AMENDMENT OF THIS AGREEMENT OR A PROMISSORY NOTE MAY ONLY BE ACCOMPLISHED THROUGH A DOCUMENT WITH SIGNATURES FROM EACH OF THE PARTIES. 

Headings. Headings used in this Agreement are for reference and convenience of the Parties only and shall have no substantive effect in the
interpretation of this Agreement. 
 No Waiver. No action taken by Us or You will be deemed to constitute a waiver of compliance with any
representation, warranty or covenant contained in this Agreement or Promissory Note. The waiver by Us of a breach of any provision of this Agreement or a Promissory Note will not operate or be construed as a waiver of any subsequent breach. 

Survival of Obligations. The indemnification, obligations, representations and warranties contained in this Agreement, any Promissory Note or in any
document delivered in connection with those agreements are for the benefit of the Parties and survive the execution, delivery, expiration or termination of this Agreement. 

Tax Indemnification. Without limiting the generality of Section 13, You agree to pay, and to hold Us harmless from, any and all liabilities with
respect to, or resulting from any delay in paying, any and all excise, sales, or other similar taxes (excluding taxes imposed on or measured by Our net income or franchise taxes) that may be payable or determined to be payable with respect to any of
the Collateral or in connection with any of the transactions contemplated by this Agreement. 

  
 18 

 Successors and Assigns. The provisions of this Agreement and the other Loan Documents shall inure to
the benefit of and be binding on each of You and Your permitted assigns (if any). None of You shall assign Your obligations under this Agreement, the Promissory Notes or any of the other Loan Documents without Our express prior written consent, and
any such attempted assignment shall be void and of no effect. Each of You acknowledges and understands that We may sell and assign all or part of Our interest hereunder and under the Promissory Note(s) and all other related Loan Documents to any
person or entity to be known as assignee.    After such assignment the term “We” “Us” and “Our” as used in the Loan Documents will mean and include such assignee, and such assignee will be vested
with all Our rights, powers and remedies hereunder and shall have Our duties with respect to the interest that each of You have granted Us; but with respect to any such interest not so transferred, We shall retain all rights, powers and remedies. No
such assignment will relieve any of You of any of Your obligations. We agree that in the event of any transfer of the Promissory Note(s), We will denote on the Promissory Note a notation as to the portion of the principal and interest of the
Promissory Note(s), which shall have been paid at the time of such transfer and the date of the transfer. 
 Consent To Jurisdiction And Venue. All
judicial proceedings arising in or under or related to this Agreement, the Promissory Notes or any of the other Loan Documents may be brought in any state or federal court of competent jurisdiction located in the State of California. By execution
and delivery of this Agreement, each Party hereto generally and unconditionally: (a) consents to personal jurisdiction in San Mateo County, State of California; (b) waives any objection as to jurisdiction or venue in San Mateo County,
State of California; (c) agrees not to assert any defense based on lack of jurisdiction or venue in the aforesaid courts; and (d) irrevocably agrees to be bound by any judgment rendered thereby in connection with this Agreement, the
Promissory Notes or the other Loan Documents. Service of process on any Party hereto in any action arising out of or relating to this Agreement shall be effective if given in accordance with the requirements for notice set forth in this Section, and
shall be deemed effective and received as set forth therein. Nothing herein shall affect the right to serve process in any other manner permitted by law or shall limit the right of either Party to bring proceedings in the courts of any other
jurisdiction. 
 Mutual Waiver Of Jury Trial; Judicial Reference. Because disputes arising in connection with complex financial transactions are most
quickly and economically resolved by an experienced and expert person and the Parties wish applicable state and federal laws to apply (rather than arbitration rules), the Parties desire that their disputes be resolved by a judge applying such
applicable laws. EACH OF THE PARTIES SPECIFICALLY WAIVES ANY RIGHT THEY MAY HAVE TO TRIAL BY JURY OF ANY CAUSE OF ACTION, CLAIM, CROSS-CLAIM, COUNTERCLAIM, THIRD PARTY CLAIM OR ANY OTHER CLAIM (COLLECTIVELY, “CLAIMS”) ASSERTED BY
ANY OF YOU AGAINST US OR OUR ASSIGNEE OR BY US OR OUR ASSIGNEE AGAINST ANY OF YOU. IN THE EVENT THAT THE FOREGOING JURY TRIAL WAIVER IS NOT ENFORCEABLE, ALL CLAIMS, INCLUDING ANY AND ALL QUESTIONS OF LAW OR FACT RELATING THERETO, SHALL, AT THE
WRITTEN REQUEST OF ANY PARTY, BE DETERMINED BY JUDICIAL REFERENCE PURSUANT TO THE CALIFORNIA CODE OF CIVIL PROCEDURE (“REFERENCE”). THE PARTIES SHALL SELECT A SINGLE NEUTRAL REFEREE, WHO SHALL BE A RETIRED STATE OR FEDERAL JUDGE. IN THE
EVENT THAT THE PARTIES CANNOT AGREE UPON A REFEREE, THE REFEREE SHALL BE APPOINTED BY THE COURT. THE REFEREE SHALL REPORT A STATEMENT OF DECISION TO THE COURT. NOTHING IN THIS SECTION SHALL LIMIT THE RIGHT OF ANY PARTY AT ANY TIME TO EXERCISE LAWFUL
SELF-HELP REMEDIES, FORECLOSE AGAINST COLLATERAL OR OBTAIN PROVISIONAL REMEDIES. THE PARTIES SHALL BEAR THE FEES AND EXPENSES OF THE REFEREE EQUALLY UNLESS THE REFEREE ORDERS OTHERWISE. THE REFEREE SHALL ALSO DETERMINE ALL ISSUES RELATING TO THE
APPLICABILITY, INTERPRETATION, AND ENFORCEABILITY OF THIS SECTION. THE PARTIES ACKNOWLEDGE THAT THE CLAIMS WILL NOT BE ADJUDICATED BY A JURY. THIS WAIVER EXTENDS TO ALL SUCH CLAIMS, INCLUDING CLAIMS THAT INVOLVE PERSONS OTHER THAN ANY OF YOU AND US;
CLAIMS THAT ARISE OUT OF OR ARE IN ANY WAY CONNECTED TO THE RELATIONSHIP BETWEEN YOU AND US; AND ANY CLAIMS FOR DAMAGES, BREACH OF CONTRACT, SPECIFIC PERFORMANCE, OR ANY EQUITABLE OR LEGAL RELIEF OF ANY KIND, ARISING OUT OF THIS AGREEMENT, ANY OTHER
LOAN DOCUMENT OR ANY OF THE EXCLUDED AGREEMENTS. 

  
 19 

 Professional Fees. Each of You promises to pay or reimburse on demand, any and all reasonable
professional fees and expenses incurred by Us whether before or after the execution of this Agreement in connection with or related to: the Loan Documents, the Excluded Agreements, or the Secured Obligations; the administration, collection, or
enforcement of the Secured Obligations; amendment or modification of the Loan Documents and the Excluded Agreements; any waiver, consent, release, or termination under the Loan Documents or Excluded Agreements; the protection, preservation, sale,
lease, liquidation, inspection, audit or disposition of, or other action related to, the Collateral or the exercise of remedies with respect to the Collateral; or any legal, litigation, administrative, arbitration, or out of court proceeding in
connection with or related to any of You or the Collateral, and any appeal or review thereof; and any bankruptcy, restructuring, reorganization, assignment for the benefit of creditors, workout, foreclosure, or other action related to any of You,
the Collateral, the Loan Documents, or the Excluded Agreements, including representing Us in any adversary proceeding or contested matter commenced or continued by or on behalf of the estate of any of You, and any appeal or review thereof. Our
professional fees and expenses shall include fees or expenses for Our attorneys, accountants, auditors, auctioneers, liquidators, appraisers, investment advisors, environmental and management consultants, or experts engaged by Us in connection with
the foregoing. The promise of each of You to pay all of Our reasonable professional fees and expenses is part of the Secured Obligations under this Agreement. 

Revival of Secured Obligations. This Agreement and the Loan Documents shall remain in full force and effect and continue to be effective if any
petition is filed by or against any of You for liquidation or reorganization, if any of You become insolvent or make an assignment for the benefit of creditors, if a receiver or trustee is appointed for all or any significant part of the assets of
any of You, or if any payment or transfer of Collateral is recovered from Us. The Loan Documents, the Secured Obligations and Our Lien on the Collateral shall continue to be effective, or shall be revived or reinstated, as the case may be, if at any
time payment and performance of the Secured Obligations or any transfer of Collateral to Us, or any part thereof is rescinded, avoided or avoidable, reduced in amount, or must otherwise be restored or returned by, or is recovered from, Us or by any
obligee of the Secured Obligations, whether as a “voidable preference,” “fraudulent conveyance,” or otherwise, all as though such payment, performance, or transfer of Collateral had not been made. In the event that any payment,
or any part thereof, is rescinded, reduced, avoided, avoidable, restored, returned, or recovered, the Loan Documents and the Secured Obligations shall be deemed, without any further action or documentation, to have been revived and reinstated except
to the extent of the full, final, and indefeasible payment to Us in cash. 
 Notices. Any notice, request or other communication to any of the
Parties by any other will be given in writing and deemed received upon the earliest of (1) actual receipt, (2) three (3) days after mailing if mailed postage prepaid by regular or airmail to Us or You, at the address set out in the Table
of Terms, and (3) one (1) day after it is sent by courier or overnight delivery. 
 Applicable Law. This Agreement and any Promissory Note will
have been made, executed and delivered in the State of California and will be governed and construed for all purposes in accordance with the laws of the State of California, excluding conflict of laws principles that would cause the application of
laws of any other jurisdiction. 
 Counterparts. This Agreement may be executed in any number of counterparts, each of which will be deemed an
original, but all such counterparts together constitute one and the same instrument. 
 Signatures. This Agreement and any Promissory Note may be
executed and delivered by facsimile or transmitted electronically in either Tagged Image Format Files (“TIFF”) or Portable Document Format (“PDF”) and, upon such delivery, the facsimile, TIFF or PDF signature, as
applicable, will be deemed to have the same effect as if the original signature had been delivered to the other party. 
 Confidentiality. All
financial information and other non-public information (other than any such information contained in periodic reports filed by any of You with the Securities and Exchange Commission) disclosed by any of You to
Us shall be considered confidential for purposes of this Agreement. In handling any confidential information, We will exercise the same degree of care that We exercise for Our own proprietary information, but disclosure of information may be made
(i) to Our subsidiaries or Affiliates in connection with their business with any of You, (ii) to prospective transferees or purchasers of any interest in the Loans (provided, however, We shall use best efforts in obtaining such prospective
transferee’s agreement of the terms of this provision and any purchaser shall be agreeing to assume the obligations hereunder and therefore agreeing to abide by the provisions hereof, including, without limitation, the provisions of this
Section), (iii) as We deem necessary or appropriate to any bank, financial institution or other similar entity, provided, however, that such bank, financial institution or other similar entity agrees in writing to maintain the confidentiality of
such information, (iv) to S&P, Moody’s, Fitch and/or other ratings agency, as We deem necessary or appropriate, provided, however, that such financial institution or ratings agency shall be informed of the confidentiality of such,
(v) as required by law, regulation, subpoena, or other order, (vi) to the extent requested 

  
 20 

 
by any regulatory authority, (vii) as required in connection with Our examination or audit and (viii) as We consider appropriate exercising remedies under this Agreement. Confidential
information does not include information that either: (a) is in the public domain or in Our possession when disclosed to Us, or becomes part of the public domain after disclosure to Us; or (b) is disclosed to Us by a third party, if We do
not know that the third party is prohibited from disclosing the information. Notwithstanding the above, each of You hereby consents to the use by Us of the company name and logo of any of You for advertising, promotional and marketing purposes only.
Such use may reference the type of credit facility but will not indicate the amount of the credit facility without Your prior written approval. 
  

 

	21.	 DEFINITIONS 

 
 Capitalized terms used in this Agreement shall have
the following meanings: 
 “Account” means any “account,” as such term is defined in the UCC, which any of You now own or acquire
or in which any of You now hold or acquire any interest and in any event, shall include, without limitation, all accounts receivable, book debts and other forms of obligations (other than forms of obligations evidenced by Chattel Paper, Documents or
Instruments) that any of You now own, receive or acquire or belongs or is owed or becomes belonging or owing to any of You (including, without limitation, under any trade name, style or division thereof) whether arising out of goods sold or services
that any of You render or from any other transaction, whether or not the same involves the sale of goods or services by any of You (including, without limitation, any such obligation that may be characterized as an account or contract right under
the UCC) and all of any of Your rights in, to and under all purchase orders or receipts now owned or acquired by any of You for goods or services, and all of any of Your rights to any goods represented by any of the foregoing (including, without
limitation, unpaid seller’s rights of rescission, replevin, reclamation and stoppage in transit and rights to returned, reclaimed or repossessed goods), and all monies due or to become due to any of You under all purchase orders and contracts
for the sale of goods or the performance of services or both by any of You or in connection with any other transaction (whether or not yet earned by performance on the part of any of You), now in existence or occurring, including, without
limitation, the right to receive the proceeds of said purchase orders and contracts, and all collateral security and guarantees of any kind given by any Person with respect to any of the foregoing. 

“Advance” has the meaning given to it in Section 1. 

“Advance Date” means the day on which We make an Advance to You. 

“Advance Request” means any request for an Advance to be executed and delivered from time to time by You to Us in the form attached to this
Agreement as Exhibit B. 
 “Affiliate” means, with respect to any Person, any Person that owns or controls directly or indirectly
such Person, any Person that controls or is controlled by or is under common control with such Person, and each of such Person’s senior executive officers, directors, and partners, and members. 

“Agreement” has the meaning given to it in the Preamble. 

“Availability Period” has the meaning set forth in the Table of Terms. 

“Business Day” means any day other than a Saturday, Sunday or other day on which banking institutions in the State of California are
authorized or required by law or other government action to close. 
 “Cash” means all cash, money, currency, and liquid funds, wherever
held, which any of You own now, hold or acquire any right, title, or interest in. 
 “Chattel Paper” means any “chattel paper,”
as such term is defined in the UCC, now owned or acquired by any of You or in which any of You now hold or acquire any interest. 
 “Closing
Date” means June 28, 2017. 
 “Collateral” has the meaning given to it in Section 8. 

“Commitment Amount” has the meaning set forth in the Table of Terms. 

“Commitment Increase Request Notice” has the meaning given to it in Section 3. 

“Copyright License” means any written agreement granting to any of You any right to use any Copyright or Copyright registration in which
agreement You now hold or hereafter acquire any interest. 

  
 21 

 “Copyrights” means all of the following now owned or acquired by any of You or in which any
of You now hold or acquire any interest: (i) all copyrights and copyright rights, whether registered or unregistered, held pursuant to the laws of the United States, any State thereof, or of any other country, or pursuant to any convention or
treaty; (ii) all registrations of, applications for registration. and recordings of any copyright rights in the United States Copyright Office or in any similar office or agency of the United States, any State thereof or any other country;
(iii) all continuations, renewals or extensions of any copyrights and any registrations thereof; and (iv) any copyright registrations to be issued under any pending applications. 

“Default” means any event that, with the passage of time or notice or both would, unless cured or waived, become an Event of Default. 

“Default Rate” has the meaning given to it in Section 7. 

“Deposit Accounts” means any “deposit accounts,” as such term is defined in the UCC, now owned or acquired by any of You or in
which any of You now hold or acquire any interest. 
 “Documents” means any “documents,” as such term is defined in the UCC, now
owned or acquired by any of You or in which any of You now hold or acquire any interest. 
 “End of Term Payment” has the meaning set forth
in the Table of Terms. 
 “Equipment” means any “equipment,” as such term is defined in the UCC, and any and all additions,
upgrades, substitutions and replacements thereto or thereof, together with all attachments, components, parts, accessions and accessories installed thereon or affixed thereto, now owned or hereafter acquired by any of You or in which any of You now
hold or acquire any interest. 
 “ERISA” means the Employee Retirement Income Security Act of 1974. 

“Event of Default” has the meaning given to it in Section 14. 

“Excluded Agreements” means (i) the Warrant Agreement; and (ii) any stock purchase agreement, options, or other
warrants to acquire, or agreements governing the rights of, any capital stock or other equity security, or any common stock, preferred stock, or equity security issued to or purchased by Us or Our nominee or assignee. 

“Facility Fee” has the meaning set forth in the Table of Terms. 

“Fixtures” means any “fixtures,” as such term is defined in the UCC, together with any of Your right, title and interest in and to
all extensions, improvements, betterments, renewals, substitutes, and replacements thereof, and all additions and appurtenances thereto any, now owned or hereafter acquired by any of You or in which any of You now hold or acquire any interest. 

“GAAP” means generally accepted accounting principles, consistently applied, as in effect from time to time. 

“General Intangibles” means any “general intangibles,” as such term is defined in the UCC, and, in any event, includes proprietary
or confidential information (other than Intellectual Property); business records and materials (other than Intellectual Property); customer lists; interests in partnerships, joint ventures, corporations, limited liability companies and other
business associations; permits; claims in or under insurance policies (including unearned premiums and retrospective premium adjustments); and rights to receive tax refunds and other payments and rights of indemnification, now owned or acquired by
any of You or in which any of You may now or hereafter have any interest. 
 “Goods” means any “goods,” as such term is defined
in the UCC, now owned or hereafter acquired by any of You or in which any of You now hold or acquire any interest. 
 “Guarantor” means any
Person who from time to time may guaranty or provide collateral or other credit support for all or any portion of the Secured Obligations. 

“Indebtedness” means, of any Person, at any date, without duplication and without regard to whether matured or unmatured, absolute or
contingent: (i) all obligations of such Person for borrowed money; (ii) all obligations of such Person evidenced by bonds, debentures, notes, or other similar instruments; (iii) all obligations of such Person to pay the deferred
purchase price of property or services; (iv) all obligations of such Person as lessee under capital leases; (v) all obligations of such Person to reimburse or prepay any bank or other Person in respect of amounts paid under a letter of
credit, banker’s acceptance, or similar instrument, whether drawn or undrawn; (vi) all obligations of such Person to purchase securities which arise out of or in connection with the sale of the same or substantially similar securities;
(vii) all obligations of such Person to purchase, redeem, exchange, convert or otherwise acquire for value any capital stock of such Person or any warrants, rights or options to acquire such capital stock, now or hereafter outstanding, except
to the 

  
 22 

 
extent that (A) such obligations remain performable solely at the option of such Person or (B) any such exchange or conversion is made solely for such capital stock; (viii) all
obligations to repurchase assets previously sold (including any obligation to repurchase any accounts or chattel paper under any factoring, receivables purchase, or similar arrangement); (ix) obligations of such Person under interest rate swap, cap,
collar or similar hedging arrangements; and (x) all obligations of others of any type described in clause (i) through clause (ix) above guaranteed by such Person. 

“Instruments” means any “instrument,” as such term is defined in the UCC, now owned or hereafter acquired by any of You or in which
any of You now hold or acquire any interest. 
 “Intellectual Property” means all Copyrights; Trademarks; Patents; Licenses; source codes;
trade secrets; inventions (whether or not patented or patentable); technical information, processes, designs, knowledge and know-how; data bases; models; drawings; websites, domain names, and URL’s, and
all applications therefor and reissues, extensions, or renewals thereof; together with the rights to sue for past, present, or future infringement of Intellectual Property and the goodwill associated with the foregoing. 

“Inventory” means any “inventory,” as such term is defined in the UCC, now owned or acquired by any of You or in which any of You
now hold or acquire any interest, and, in any event, shall include, without limitation, all Goods and personal property that are held by or on any of Your behalf for sale or lease or are furnished or are to be furnished under a contract of service
or that constitute raw materials, work in process or materials used or consumed or to be used or consumed in any of Your businesses, or the processing, packaging, promotion, delivery or shipping of the same, and all finished goods, whether or not
the same is in transit or in any of Your constructive, actual or exclusive possession or is held by others for any of Your account, including, without limitation, all property covered by purchase orders and contracts with suppliers and all goods
billed and held by suppliers and all such property that may be in the possession or custody of any carriers, forwarding agents, truckers, warehousemen, vendors, selling agents or other Persons. 

“Investment” means any beneficial ownership (including stock, partnership or limited liability company interest or other securities) of any
Person, or any loan, advance or capital contribution to any Person. 
 “Investment Property” means any “investment property,” as
such term is defined in the UCC, and includes any certificated security, uncertificated security, money market funds, bonds, mutual funds, and U.S. Treasury bills and notes now owned or hereafter acquired by any of You or in which any of You now
hold or acquire any interest. 
 “Joinder Agreement” means a joinder agreement in substantially the form attached as Exhibit E. 

“Letter of Credit Rights” means any “letter of credit rights,” as such term is defined in the UCC, now owned or acquired by any of
You or in which any of You now hold or acquire any interest, including any right to payment under any letter of credit. 
 “License” means
any Copyright License, Patent License, Trademark License or other license of rights or interests now held or acquired by any of You or in which any of You now hold or acquire any interest and any renewals or extensions thereof. 

“Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment for security, security interest, encumbrance, levy, lien or
charge of any kind, whether voluntarily incurred or arising by operation of law or otherwise, against any property, any conditional sale or other title retention agreement, any lease in the nature of a security interest, and the filing of any
financing statement (other than a precautionary financing statement with respect to a lease that is not in the nature of a security interest) under the UCC or comparable law of any jurisdiction. 

“Loan Documents” means this Agreement, the Promissory Notes, all UCC Financing Statements, and any other documents executed in connection
with the Secured Obligations or the transactions contemplated hereby, including those documents described on the Schedule of Documents attached hereto as Schedule 2, as the same may from time to time be amended, modified, supplemented or
restated; provided, that the Loan Documents shall not include any of the Excluded Agreements. 
 “Loan Term” has the meaning set
forth in the Table of Terms. 
 “Material Adverse Effect” means a material adverse effect on (i) the business, operations, properties,
prospects, assets or condition (financial or otherwise) of any of You or all of You as a whole, (ii) the ability of any of You to perform the Secured Obligations in accordance with the terms of the Loan Documents or Our ability to enforce any
of Our rights and remedies with respect to the Secured Obligations in accordance with the terms of the Loan Documents, or (iii) the Collateral or Our Liens on the Collateral or the priority of such Liens. 

  
 23 

 “Merger Event” means (i) any reorganization, consolidation or merger (or similar
transaction or series of transactions) by any of Your or any of Your subsidiaries, with or into any other Person; (ii) any transaction, including the sale or exchange of outstanding shares of Your capital stock, or the capital stock of any of
Your Subsidiaries, in which the holders of such outstanding capital stock of the affected corporation immediately before consummation of such transaction or series of related transactions do not, immediately after consummation of such transaction or
series of related transactions, retain capital stock representing at least 50.0% of the voting power of the surviving corporation of such transaction or series of related transactions (or the parent corporation of such surviving corporation if such
surviving corporation is wholly owned by such parent corporation), in each case without regard to whether You or any of Your subsidiaries are the surviving corporation, or (iii) the sale, license or other disposition of all or substantially all
of Your assets, or the assets of any of Your subsidiaries. 
 “Next Round” means the first equity financing, or extension of an existing
round of equity financing, occurring after the Closing Date, in which You issue preferred stock for aggregate gross cash proceeds of at least Two Million Dollars ($2,000,000) (with aggregate proceeds to include the amounts that the investors in such
financing have committed to invest, in accordance with the terms of the financing documents after the initial closing under such documents and to exclude any amounts receivable upon, or attributable to, conversion or cancellation of indebtedness),
whether in a single or multiple closings and whether in related or unrelated financings. 
 “OFAC” means the United States Department of
the Treasury’s Office of Foreign Assets Control. 
 “Part 1 Milestone” means since the Closing Date You have entered into subordinated
convertible debt financing with Your current investors, including Lightspeed Ventures, in which You have received net proceeds equal to Ten Million Dollars ($10,000,000). 

“Parts” has the meaning given to it in Section 3. 

“Patent License” means any written agreement granting to You any right with respect to any invention or Patent in which You now hold or
acquire any interest. 
 “Patents” means all of the following now owned or acquired by any of You or in which any of You now hold or
acquire any interest: (a) all patents, or rights corresponding thereto, issued or registered in the United States or any other county, (b) all applications for patents, or rights corresponding thereto in, the United States or any other
country; (c) all reissues, reexaminations, continuations, divisions, continuations-in-part, or extensions of the foregoing patents and/or applications; (d) all
patents to be issued under any of the foregoing applications; and (e) all foreign counterparts of the foregoing patents and/or applications. 

“Patriot Act” means the USA PATRIOT Improvement and Reauthorization Act of 2005. 

“Permitted Indebtedness” means (a) Indebtedness of any of You in favor of Us; (b) Indebtedness existing at the Closing Date and
disclosed on Schedule 1; (c) Indebtedness incurred for the acquisition of services, supplies or inventory on normal trade credit in the ordinary course of business; (d) Indebtedness not to exceed Nine Million Dollars ($9,000,000) in the
aggregate incurred during the term hereof, secured by a Lien described in clause (vii) of the defined term “Permitted Liens”; provided that such Indebtedness does not exceed the purchase price of the specific Equipment financed with
such Indebtedness; (e) Indebtedness under the Working Capital Loan Facility so long as the aggregate outstanding amount thereof does not at any time exceed Five Million Dollars ($5,000,000) and subject to an intercreditor agreement acceptable
to Us; (f) Subordinated Indebtedness, (g) extensions, refinancings, modifications, amendments and restatements of any item of Permitted Indebtedness (a) though (f) above, provided that the principal amount thereof is not increased;
and (h) Indebtedness consisting of intercompany journal entries made in connection with cost sharing or transfer pricing transactions, provided that all such transactions are cashless. 

“Permitted Investment” means (a) Investments that are in existence on the Closing Date and are approved in writing by Us;
(b) Investments in domestic certificates of deposit issued by, and other domestic investments with, financial institutions organized under the laws of the United States or a state thereof, having at least One Hundred Million Dollars
($100,000,000) in capital and a rating of at least “investment grade” or “A” by Moody’s or any successor rating agency; (c) Investments in marketable obligations of the United States of America and in open market
commercial paper given the highest credit rating by a national credit agency and maturing not more than one year from the creation thereof; (d) so long as no Event of Default has occurred and is continuing, temporary advances to employees to
cover incidental expenses to be incurred in the ordinary course of business, in an aggregate outstanding amount not to exceed $50,000 at any time; (e) Investments (including debt obligations) received in connection with the bankruptcy or
reorganization of customers or suppliers and in settlement of delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of business; (f) indebtedness consisting of intercompany loans and advances

  
 24 

 
made by any of You to any Subsidiary (1) described on Schedule 3 or (2) made after the Closing Date in an aggregate amount pursuant to this clause (ii), for all Subsidiaries not
to exceed $100,000 during any fiscal year; provided, that: (A) such Subsidiary shall have executed and delivered to You, prior to any such indebtedness being incurred, a demand note (each, an “Intercompany Note”) to evidence
any such intercompany indebtedness owing at any time by such Subsidiary to You, which Intercompany Note shall be in form and substance reasonably satisfactory to Us and shall be pledged and delivered to Us as additional Collateral for the Secured
Obligations; (B) each of You and such Subsidiary shall record all intercompany transactions on its books and records in a manner reasonably satisfactory to Us; (C) at the time any such intercompany loan or advance is made by You to such
Subsidiary and after giving effect thereto, each of You and such Subsidiary shall be Solvent; and (D) no Default or Event of Default would occur and be continuing after giving effect to any such proposed intercompany loan, and
(g) Investments consisting of intercompany receivables, corresponding to amounts in item (h) of the definition of Permitted Indebtedness, consisting of intercompany journal entries made in connection with cost sharing or transfer pricing
transactions, provided that all such transactions are cashless. 
 “Permitted Liens” means any and all of the following: (i) Liens in
Our favor; (ii) Liens for taxes, fees, assessments or other governmental charges or levies, either not delinquent or being contested in good faith by appropriate proceedings, provided that such Liens do not have priority over any of Our
Liens and You maintain adequate reserves in accordance with GAAP; (iii) Liens securing claims or demands of materialmen, artisans, mechanics, carriers, warehousemen, landlords and other like Persons arising in the ordinary course of Your
business and imposed without action of such parties, provided that the payment thereof is not yet required and that such Liens do not have priority over any of Our Liens; (iv) Liens arising from judgments, decrees or attachments in
circumstances which do not constitute an Event of Default hereunder; (v) the following deposits, to the extent made in the ordinary course of Your business: deposits under worker’s compensation, unemployment insurance, social security and
other similar laws, or to secure the performance of bids, tenders or contracts (other than for the repayment of borrowed money) or to secure indemnity, performance or other similar bonds for the performance of bids, tenders or contracts (other than
for the repayment of borrowed money) or to secure statutory obligations (other than Liens arising under ERISA or environmental Liens) or surety or appeal bonds, or to secure indemnity, performance or other similar bonds; (vi) Liens on insurance
proceeds in favor of insurance companies granted solely as security for financed premiums; (vii) purchase money Liens (including capital leases) securing Indebtedness not to exceed Nine Million Dollars ($9,000,000) (A) on Equipment acquired or
held by any of You, incurred for financing the acquisition of that Equipment, or (B) existing on Equipment when acquired by You, so long as, in each case, the Lien is confined to the specific Equipment and the proceeds of the Equipment;
(viii) Liens in favor of the Working Capital Lender arising under the Working Capital Loan Facility; (ix) Liens in favor of customs and revenue authorities arising as a matter of law to secure payments of custom duties in connection with
the importation of goods; (x) Liens in favor of financial institutions arising in connection with deposit or securities accounts held at such financial institutions, provided that such Liens only secure fees and service charges and customary
chargebacks or reversals of credits associated with such accounts; (xi) Liens existing on the Closing Date and disclosed on Schedule 1; and (xi) Liens incurred in connection with the extension, renewal or refinancing of the
Indebtedness secured by Liens of the type described in clauses (i), (vi), (vii) and (viii) above, provided that any extension, renewal or replacement Lien shall be limited to the property encumbered by the existing Lien and the principal
amount of the Indebtedness being extended, renewed or refinanced (as may have been reduced by any payment thereon) does not increase. 

“Person” means any individual, sole proprietorship, partnership, joint venture, trust, unincorporated organization, association, corporation,
limited liability company, institution, public benefit corporation, other entity or government (whether federal, state, county, city, municipal, local, foreign, or otherwise, including any instrumentality, division, agency, body or department
thereof). 
 “Proceeds” means “proceeds,” as such term is defined in the UCC and, in any event, shall include, without
limitation, (a) any and all Accounts, Chattel Paper, Instruments, Cash or other proceeds payable to any of You from time to time in respect of the Collateral, (b) any and all proceeds of any insurance, indemnity, warranty or guaranty
payable to any of You from time to time with respect to any of the Collateral, (c) any and all payments (in any form whatsoever) made or due and payable to any of You from time to time in connection with any requisition, confiscation,
condemnation, seizure or forfeiture of all or any part of the Collateral by any governmental authority (or any Person acting under color of governmental authority), (d) the proceeds, damages, or recovery based on any claim of any of You against
third parties (i) for past, present or future infringement of any Copyright, Copyright License, Patent or Patent License, or (ii) for past, present or future infringement or dilution of any Trademark or Trademark License or for injury to
the goodwill associated with any Trademark, Trademark registration or Trademark licensed under any Trademark License; and (e) any and all other amounts from time to time paid or payable under or in connection with any of the Collateral. 

  
 25 

 “Promissory Note” has the meaning given to it in Section 2. 

“PT” means Pacific Time. 

“Receivables” means (i) all of any of the Accounts, Instruments, Documents, Cash, Chattel Paper, Supporting Obligations, letters of
credit, proceeds of a letter of credit, and Letter of Credit Rights of any of You, and (ii) all customer lists, software, and related business records. 

“Revolving Loan” means the loans in the maximum principal amount as stated in the Table of Terms under the caption “Commitment
Amount” made to You by Us pursuant to the terms of this Agreement. 
 “Revolving Loan Maturity Date” means the earlier of (a) the
date set forth on the Table of Terms under the caption “Revolving Loan Maturity Date”, (b) the date of termination of Our obligation to permit the Revolving Loan to remain outstanding, and (c) the date of indefeasible payment in full
by You of the Revolving Loan. 
 “Right To Invest” has the meaning set forth in the Table of Terms. 

“Secured Obligations” means Your joint and several obligations to repay to Us all Advances (whether or not evidenced by any Promissory Note),
together with all principal, interest, fees, costs, professional fees and expenses, and other liabilities or obligations for monetary amounts owed by any of You to Us, including the indemnity and insurance obligations in Sections 10, 13 and 20
hereof and including such amounts as may accrue or be incurred before or after default or workout or the commencement of any liquidation, dissolution, bankruptcy, receivership or reorganization by or against any of You, whether due or to become due,
matured or unmatured, liquidated or unliquidated, contingent or non-contingent, and all covenants and duties of any kind or nature, present or future, arising under this Agreement, the Promissory Notes, or any
of the other Loan Documents, as the same may from time to time be amended, modified, supplemented or restated, whether or not such obligations are partially or fully secured by the value of Collateral; provided, that the Secured Obligations
shall not include any of the Indebtedness or obligations of any of You arising under or in connection with the Excluded Agreements. 

“Solvent” means, with respect to any Person on a particular date, that on such date (a) the fair value of the property of such Person is
greater than the total amount of liabilities, including contingent liabilities, of such Person; (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of
such Person on its debts as they become absolute and matured; (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay as such debts and liabilities mature; and
(d) such Person is not engaged in a business or transaction, and is not about to engage in a business or transaction, for which such Person’s property would constitute an unreasonably small capital. The amount of contingent liabilities
(such as litigation, guaranties and pension plan liabilities) at any time shall be computed as the amount that, in light of all the facts and circumstances existing at the time, represents the amount that can be reasonably be expected to become an
actual or matured liability. 
 “Subordinated Indebtedness” means Indebtedness (i) approved by Us and (ii) subordinated to the
Secured Obligations on terms and conditions acceptable to Us, including without limiting the generality of the foregoing, subordination of such Indebtedness in right of payment to the prior payment in full of the Secured Obligations, the
subordination of the priority of any Lien at any time securing such Indebtedness to Our Liens in Your assets and properties, and the subordination of the rights of the holder of such Indebtedness to enforce its junior Lien following an Event of
Default hereunder pursuant to a written subordination agreement approved by Us. 
 “Subsidiary” means, with respect to any Person, any
Person of which more than 50% of the voting stock or other equity interests is owned or controlled, directly or indirectly, by such Person or one or more Affiliates of such Person. 

“Supporting Obligations” means any “supporting obligations,” as such term is defined in the UCC, now owned or acquired by any of
You or in which any of You now hold or hereafter acquire any interest. 
 “Table of Terms” means the table of terms on Pages 1 and 2 of
this Agreement. 
 “Trademark License” means any written agreement granting to You any right to use any Trademark or Trademark registration
now owned or hereafter acquired by any of You or in which any of You now hold or hereafter acquire any interest. 
 “Trademarks” means all
of the following property now owned or hereafter acquired by any of You or in which any of You now hold or hereafter acquire any interest: (a) all trademarks, trade names, corporate names, business names, trade styles, service marks, logos,
other source or business identifiers, prints and labels on which any of the foregoing have appeared or appear, designs and general intangibles of like nature, now existing or hereafter adopted or acquired,

  
 26 

 
all registrations and recordings thereof, and any applications in connection therewith, including, without limitation, registrations, recordings and applications in the United States Patent and
Trademark Office or in any similar office or agency of the United States, any State thereof or any other country or any political subdivision thereof and (b) reissues, extensions or renewals thereof. 

“Trading with the Enemy Act” means the Trading with the Enemy Act of the United States of America (50 U.S.C. App. §§ 1 et seq.).

 “UCC” means the Uniform Commercial Code as the same is, from time to time, in effect in the State of California; provided, that in the
event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of, or remedies with respect to, Secured Party’s Lien on any Collateral is governed by the Uniform Commercial Code as the same is, from
time to time, in effect in a jurisdiction other than the State of California, the term “UCC” shall mean the Uniform Commercial Code as in effect, from time to time, in such other jurisdiction solely for purposes of the provisions thereof
relating to such attachment, perfection, priority or remedies and for purposes of definitions related to such provisions. Unless otherwise defined herein or in the other Loan Documents terms that are defined in the UCC and used herein or in the
other Loan Documents shall have the meanings given to them in the UCC. 
 “Upon Request and Additional Approval” has the meaning given to
it in Section 3. 
 “Warrant Agreement” means the Warrant Agreement dated the date hereof between the Parties issued in connection
with this Agreement and any other warrant agreement between the Parties issued in connection with this Agreement. 
 “Working Capital Lender”
has the meaning given to it in Section 8. 
 “Working Capital Loan Facility” has the meaning given to it in Section 8. 

Unless otherwise specified, all references in this Agreement or any Annex or Schedule hereto to a “Section,” “subsection,”
“Exhibit,” “Annex,” or “Schedule” shall refer to the corresponding Section, subsection, Exhibit, Annex, or Schedule in or to this Agreement. The terms “herein,” “hereof” and “hereunder” and
other words of similar import refer to this Agreement as a whole, including all Exhibits, Annexes and Schedules, and not to any particular Section, subsection or other subdivision. 

Wherever from the context it appears appropriate, each term stated in either the singular or plural shall include the singular and the plural, and pronouns
stated in the masculine, feminine or neuter gender shall include the masculine, feminine and neuter genders. The words “including,” “includes” and “include” shall be deemed to be followed by the words “without
limitation,” the word “or” is not exclusive; references to Persons include their respective successors and assigns (to the extent and only to the extent permitted by this Agreement and the Loan Documents) or, in the case of
governmental Persons, Persons succeeding to the relevant functions of such Persons; and all references to statutes and related regulations shall include any amendments of the same and any successor statutes and regulations. Unless otherwise
specifically provided herein, any accounting term used in this Agreement or the other Loan Documents shall have the meaning customarily given such term in accordance with GAAP, and all financial computations hereunder shall be computed in accordance
with GAAP, consistently applied. 
 (Signatures to Follow) 

  
 27 

 IN WITNESS WHEREOF, the Parties have executed and delivered this Agreement as of the day and year
first above written. 
  

							
	BORROWER:	 		 	You:	 	PERSONALIS, INC.
				
		 		 	Signature:	 	 /s/ John West

				
		 		 	Print Name:	 	 John West

				
		 		 	Title:	 	 CEO

 Accepted in Menlo Park, California: 
  

							
	LENDER:	 		 	Us:	 	TRIPLEPOINT CAPITAL LLC
				
		 		 	Signature:	 	 /s/ Sajal Srivastava

				
		 		 	Print Name:	 	 Sajal Srivastava

				
		 		 	Title:	 	 President

 [SIGNATURE PAGE TO PLAIN ENGLISH REVOLVING LOAN AND SECURITY AGREEMENT] 

  
 28 

 Table of Exhibits and Schedules 

 

			
	Exhibit A	  	Promissory Note
		
	Exhibit B	  	Advance Request
		
	Exhibit C	  	Certificate of Perfection
		
	Exhibit D	  	Certificate of Compliance
		
	Exhibit E	  	Form of Joinder Agreement
		
	Schedule 1	  	Indebtedness and Liens
		
	Schedule 2	  	Schedule of Documents

  
 29 

 EXHIBIT A 
  

 
 FORM OF PLAIN ENGLISH REVOLING LOAN PROMISSORY NOTE 

This is a Plain English Revolving Loan Promissory Note dated
                    , 20      by and between TRIPLEPOINT CAPITAL LLC, as lender, and PERSONALIS, INC. and any other
Person that executes a Joinder Agreement to become a borrower under the Loan Agreement, as borrowers (the “Promissory Note”). The words “We”, “Us”, and “Our”, refer to TRIPLEPOINT CAPITAL LLC. Unless
otherwise specified, the words “You” and “Your” refer to PERSONALIS, INC. and any other Person that executes a Joinder Agreement to become a borrower under the Loan Agreement, and not any individual, and PERSONALIS, INC. and any
other Person that executes a Joinder Agreement to become a borrower under the Loan Agreement, shall be jointly and severally liable for any and all of Your agreements and obligations under this Promissory Note. The words “Parties” refers
to each of and all of TRIPLEPOINT CAPITAL LLC, PERSONALIS, INC. and any other Person that executes a Joinder Agreement to become a borrower under the Loan Agreement. 

This Promissory Note is the Promissory Note referred to in, and is executed and delivered in connection with, the Plain English Revolving Loan and Security
Agreement dated as of June 28, 2017 by and between the Parties, as the same may from time to time be amended, modified or supplemented in accordance with its terms (the “Loan Agreement”), and is entitled to the benefit and
security of that Loan Agreement and the other documents executed in connection with all principal, interest, fees or other liabilities owed by You under the Loan Agreement and other Loan Documents (as defined in the Loan Agreement). All terms
defined in the Loan Agreement shall have the same definitions when used herein, unless otherwise defined herein. 
  

							
	 PROMISSORY NOTE
INFORMATION

				
	 Facility Name
  

Revolving Loan Facility
	  	 Facility Number
  

1115-RV-01
	  	 Promissory Note Number
  

1115-RV-0  
-0  
	  	 Principal Amount
  

Up to $            

				
	 Revolving Loan

Maturity Date
  

                       
  
	  	 Loan Term
  

     months
	  	 Interest Rate
  

Prime Rate plus     %, however, in no event shall the Prime Rate be less than
    %
	  	 End of Term Payment
  

5.5% of the highest outstanding principal balance during the Loan Term.

  

					
	 CONTACT
INFORMATION

			
	 Name
  

TriplePoint Capital LLC
	 	 Address For Notices
  

2755 Sand Hill Rd., Ste. 150
 Menlo
Park, CA 94025
 Tel: (650) 854-2090

Fax: (650) 854-1850
	 	 Contact Person
  

Sajal Srivastava, President
 Tel:
(650) 233-2102
 Fax: (650) 854-1850

email: legal@triplepointcapital.com

  
 30 

					
	 Customer Name
  

Personalis, Inc.
	  	 Central Billing Address
  

1330 O’Brien Drive
 Menlo Park,
CA 94025
	  	 Contact Person
  

Name, Title
 Carol Tillis, VP
Finance & Administration
 Tel: (650) 752-1330

Fax: (650) 752-1301

email: carol.tillis@personalis.com

 FOR VALUE RECEIVED, Each of You, jointly and severally, hereby promise to pay to the order of TRIPLEPOINT CAPITAL LLC
or the holder of this Promissory Note at 2755 Sand Hill Road, Ste. 150, Menlo Park, CA, 94025 or such other place of payment as the holder of this Promissory Note may specify from time to time in writing, in lawful money of the United States of
America, the aggregate unpaid principal amount of all Advances made by Us to You in accordance with the terms and conditions of the Loan Agreement, up to a maximum principal amount of
                             Dollars
($                    ) or so much thereof as may be advanced and remains unpaid together with interest at the rate and on the dates provided
in the Loan Agreement from the date of this Promissory Note to the Revolving Loan Maturity. In addition to Your final payment, You will pay Us an amount equal to the End of Term Payment as set forth on Page 1 of this Promissory Note and as more
fully described in the Loan Agreement. Interest shall be computed daily on the basis of a year consisting of 360 days for the actual number of days occurring in the period for which such interest is payable. Any payments made under this Promissory
Note shall be available for re-borrowing. 
 The aggregate outstanding principal balance of this Promissory Note
shall be due and payable in full in immediately available funds on the Maturity Date, if not sooner paid in full. 
 You waive presentment and demand for
payment, notice of dishonor, protest and notice of protest under the UCC or any applicable law. 
 You will not, directly or indirectly, use the proceeds of
any Advance(s) under this Promissory Note, or lend, contribute or otherwise make available such proceeds to any Subsidiary, Affiliate, joint venture partner or other Person, to fund any activities or business of or with any Person, or in any country
or territory, that, at the time of such funding, is the subject of any sanctions administered by OFAC, or in any other manner that would result in a violation of OFAC sanctions by any Person, including any Person participating in any capacity in any
Advance(s) under this Promissory Note. 
 This Promissory Note has been negotiated and delivered to Us and is payable in the State of California. This
Promissory Note shall be governed by and construed and enforced in accordance with, the laws of the State of California, excluding any conflicts of law rules or principles that would cause the application of the laws of any other jurisdiction. 

BORROWERS     
  

									
		 		 	YOU:	 	PERSONALIS, INC.	 	
					
		 		 	Signature:	 	  
	 	
					
		 		 	Print Name:	 	  
	 	
					
		 		 	Title:	 	  
	 	

  
 31 

 EXHIBIT B 

ADVANCE REQUEST 
  

							
	To:	    	TRIPLEPOINT CAPITAL LLC	  		  	Date:                     
		    	2755 Sand Hill Road Ste 150	  		  	
		    	Menlo Park, CA 94025	  		  	
		    	Attention: Customer Administrations	  		  	
		    	Fax (650) 854-1850	  		  	

 PERSONALIS, INC. (“We” or “Us”), hereby request from TRIPLEPOINT CAPITAL LLC (“You”) an Advance
in the amount of ($                    ) on
                    ,      (at least five (5) Business Days from today) pursuant to the Plain English
Revolving Loan and Security Agreement between the Parties (the “Loan Agreement”). 
 We instruct You to please: 

 

					
	(a)	  	Issue a check payable to Us	  	                
			
		  	or	  	
			
	(b)	  	Transfer Funds to our account	  	                

  

	
	 Bank:

	 Address:

	 ABA Number:

	 Account Number:

	 Account Name:

 We represent, warrant and certify that: 
  

	 	•	 	 No event or circumstance has occurred or exists which individually or together with any other event or
circumstance, has had or could reasonably be expected to have a Material Adverse Effect; 

  

	 	•	 	 The representations and warranties set forth in the Loan Agreement and in the associated Plain English Warrant
Agreement are and shall be true, complete and correct in all material respects on and as of the date the requested Advance is funded with the same effect as though made on and as of such date, except to the extent such representations and warranties
expressly relate to an earlier date (in which case, those representations and warranties remain true, complete and correct in all material respects as of such date), provided, however, that such materiality qualifiers shall not be applicable to any
representations and warranties that already are qualified or modified by materiality in the text thereof; 

  

	 	•	 	 We are in compliance with all covenants set forth in Section 12 of the Loan Agreement.

  

	 	•	 	 We are in compliance with all the terms and provisions set forth in any document related to this Advance
(including, without limitation, Sections 4 and 5 of the Loan Agreement); 

  

	 	•	 	 As of the date hereof and the date of the funding of the requested Advance, no fact or condition exists that
would (or would, with the passage of time, the giving of notice, or both, would) constitute an Event of Default under the Loan Agreement; 

  

	 	•	 	 We understand and acknowledge that You have the right to review the financial information supporting this
representation and based upon such review in Your sole discretion You may decline to fund the requested Advance; and 

  

	 	•	 	 The Certificate of Perfection executed on
                    , 20     , is true and correct as of the date of this Advance Request. [Attach an updated
Certificate of Perfection as needed and insert the date that the Certificate of Perfection was executed on]. 

  
 32 

 Executed this      day of
                    ,          by: 

 

									
		 		 	YOU:	 	PERSONALIS, INC.	 	
					
		 		 	Signature:	 	  
	 	
					
		 		 	Print Name:	 	  
	 	
					
		 		 	Title:	 	  
	 	

 [SIGNATURE PAGE TO ADVANCE REQUEST] 

  
 33 

 EXHIBIT C 

CERTIFICATE OF PERFECTION 

This Certificate of Perfection shall reference that certain Plain English Revolving Loan and Security Agreement dated as of June 28, 2017 by and between
TRIPLEPOINT CAPITAL LLC, PERSONALIS, INC. and any other Person that executes a Joinder Agreement to become a borrower thereunder (the “Loan Agreement”). All terms not defined in this Certificate of Perfection shall have the same meanings
as in the Loan Agreement. Pursuant to the terms of the Loan Agreement, each of PERSONALIS, INC. and any other Person that executes a Joinder Agreement to become a borrower under the Loan Agreement hereby certifies, represents and warrants the
following as of the date set forth below the signature to this Certificate of Perfection: 
  

	1.	 Our current names and organizational status are as follows: 

 

			
	Name:	  	 
		
	Type of Organization:	  	 
		
	State of Organization:	  	 
		
	Organization File Number:	  	 
		
	 Federal Employer Tax
 Identification
Number:
	  	 
		
	Name:	  	                            
		
	Type of Organization:	  	 
		
	State of Organization:	  	 
		
	Organization File Number:	  	 
		
	 Federal Employer Tax
 Identification
Number:
	  	 

  

	2.	 Five (5) years prior to the date of this Certificate of Perfection, We did not do business under any other
name or organization or form except the following: 

  

			
	Name:	  	 
		
	Type of Organization:	  	 
		
	State of Organization:	  	 
		
	Organization File Number:	  	 
		
	 Federal Employer Tax
 Identification
Number:
	  	 
		
	Dates of Existence:	  	 

  

	3.	 Our fiscal year ends on
                    . 

  
 34 

	4.	 Our current locations and the locations of all the Collateral are: 

 

			
	Chief Executive Office:	  	 
		  	 
		  	
	Principal Place of Business:	  	 
		  	 
		  	
	Locations of Collateral:	  	 
		  	 

  

	5.	 The following is a list of any and all of Our Affiliates and subsidiaries: 

 

			
	Name:	 	 
		
	Type of Organization:	 	 
		
	State of Organization:	 	 
		
	Organization File Number:	 	 
		
	 Federal Employer Tax
 Identification
Number:
	 	 
		
	Your Ownership Interest:	 	 

  

	6.	 We currently maintain Deposit Accounts, other accounts holding Investment Property owned by Us, and electronic
accounts (such as PayPal or similar accounts) as follows: 

  

					
	 Bank Name/Address
	  	 Account Holder Name
	  	 Account (Type &
Number)

		  		  	
		  		  	
		  		  	
		  		  	
		  		  	

  

	7.	 We currently have the following commercial tort claims:
                    . 

  

	8.	 Attached is a current listing of all Patents, Patent Applications, Patent Licenses, Trademarks, Trademark
Applications, Trademark Licenses, Copyright Registrations, Copyright Applications for Registration and Copyright Licenses of any of Us. 

(Signature Page to Follow) 

  
 35 

 
			
		 	PERSONALIS, INC.
		
	Signature:	 	 
		
	Print Name:	 	 
		
	Title:	 	 
		
	Date:	 	 

 [SIGNATURE PAGE TO CERTIFICATE OF PERFECTION] 

  
 36 

 EXHIBIT D 

CERTIFICATE OF COMPLIANCE 

This Certificate of Compliance shall reference that certain Plain English Revolving Loan and Security Agreement dated as of
                    , 20     , by and between TRIPLEPOINT CAPITAL LLC, PERSONALIS, INC. and any other Person that
executes a Joinder Agreement to become a borrower thereunder (the “Loan Agreement”). All terms not defined in this Certificate of Compliance shall have the same meanings as in the Loan Agreement. Pursuant to the terms of the Loan
Agreement, each of PERSONALIS, INC. and any other Person that executes a Joinder Agreement to become a borrower under the Loan Agreement hereby certifies, the following as of the date set forth below the signature to this Certificate of Compliance:

  

	 	•	 	 Each of Us is in compliance as of the date of this Certificate of Compliance with all required covenants unless
otherwise noted and attached to this Certificate of Compliance. 

  

	 	•	 	 Except as noted an attached disclosure schedule, as of the date of this Certificate of Compliance all
representations and warranties in the Loan Agreement are true and correct in all material respects except to the extent such representations and warranties expressly relate to an earlier date (in which case, those representations and warranties
remain true as of such date). 

 Disclosure schedule with respect to the representations and warranties in
the Loan Agreement: 
          None 

         See attached 

 

	 	•	 	 Except as noted in an attached updated Certificate of Perfection, the Certificate of Perfection executed on
                    , 20     , is true and correct as of the date of this Certificate of Compliance.

 Updated Certificate of Perfection: 

         None 

         See attached 

 

			
		 	PERSONALIS, INC.
		
	Signature:	 	
		 	  

		
	Print Name:	 	
		 	  

		
	Title:	 	
		 	  

		
	Date:	 	
		 	  

  
 37 

 JOINDER AGREEMENT 

THIS JOINDER AGREEMENT (the “Agreement”) is made and entered into as of
            , 20     , by                     , a
                                         
(“Company”) in favor of TRIPLEPOINT CAPTIAL LLC, a Delaware limited liability company (the “Lender”). 

RECITALS 

A.    PERSONALIS, INC. and
[                 , a                 ,
                ] (collectively, the “Borrower”) and Lender have entered into that certain Plain English Growth Capital Loan and Security Agreement dated as
of                , 20     (including all annexes, exhibits and schedules thereto, and as the same may be amended, restated, supplemented or
otherwise modified from time to time, the “Loan Agreement”), pursuant to which Lender is providing loans and other financial accommodations to or for the benefit of the Borrower upon the terms and conditions contained therein.
Capitalized terms used herein without definitions shall have the respective meanings provided in the Loan Agreement. 

B.    The Loan Agreement requires that upon execution and delivery by Company of this Agreement, Company will become a
party to the Loan Agreement as a borrower, will become jointly and severally liable for payment of all Secured Obligations under the Loan Agreement and will grant to Lender a Lien in all of Company’s personal property. 

C.    Company has agreed to execute and deliver this Agreement in order to become a party to the Loan Agreement and the
other Loan Documents. 
 NOW, THEREFORE, in consideration of the premises and of the covenants contained herein and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 AGREEMENT

 1.    Loan Agreement. By executing and delivering this Agreement to Lender, Company hereby becomes a party
to the Loan Agreement as a borrower thereunder with the same force and effect as if originally named therein as a borrower and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a borrower
thereunder. Company hereby agrees to be bound by all of the terms and provisions of the Loan Agreement and the other Loan Documents, which are incorporated herein by reference as fully as though set forth herein verbatim. Each reference to
“You” or borrower in the Loan Agreement and in any other Loan Document shall be deemed to include Company. Company agrees to be jointly and severally liable with the other borrowers under the Loan Agreement for payment of all Secured
Obligations thereunder and hereby grants and joins in the grant of a Lien pursuant to Section 8 of the Loan Agreement and the cross-guaranty pursuant to Section 17 of the Loan Agreement. 

2.    Representations and Warranties. Company hereby represents and warrants to Lender that each of the
representations and warranties contained in Section 11 of the Loan Agreement is true and correct as of the date hereof and after giving effect to this Agreement. 

3.    Conditions to Advances to Company. Company hereby acknowledges that Lender’s obligation to fund any
Advance to Company under the Loan Agreement and this Agreement is subject to delivery of all of the following fully-executed documents to Lender: 

(a)    this Agreement; 

(b)    the executed Certificate of Perfection of Company, attached as Exhibit C to the Loan Agreement; 

 (d) secretary’s certificate of incumbency and authority for Company; 

(e) certified copy of resolutions of Company’s board of directors or similar governing body approving this Agreement, the Loan Agreement
and the other Loan Documents; 
 (f)    certified copy of [Certificate of Incorporation] and [By-Laws] for Company, as amended through the date hereof; 
 (g)    a certificate of
good standing from the [State of                 ], and similar certificates from all other jurisdictions where Company does business and where the failure to be
qualified could reasonably be expected to have a Material Adverse Effect; and 
 (h)    the other documents,
certificates and other information required under Section 5 of the Loan Agreement. 
 4.    Recitals.
The recitals to this Agreement shall constitute a part of the agreement of the parties hereto. 
 5.    Governing
Law. This Agreement has been made, executed and delivered in the State of California and will be governed and construed for all purposes in accordance with the laws of the State of California, excluding conflict of laws principles that would
cause the application of laws of any other jurisdiction. 
 6.    Signatures. This Agreement may be executed in
any number of counterparts, each of which will be deemed an original, but all such counterparts together constitute one and the same instrument. This Agreement may be executed and delivered by facsimile or transmitted electronically in either Tagged
Image Format Files (“TIFF”) or Portable Document Format (“PDF”) and, upon such delivery, the facsimile, TIFF or PDF signature, as applicable, will be deemed to have the same effect as if the original signature had
been delivered to the other party. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 2 

 IN WITNESS WHEREOF, the undersigned has caused this Agreement to be executed and delivered
as of the date first above written. 
  

			
	[COMPANY]

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	ACCEPTED BY:
	
	TRIPLEPOINT CAPITAL LLC

			
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	PERSONALIS, INC.

			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 3 

 SCHEDULE 1 

INDEBTEDNESS AND LIENS 
  

							
	Creditor	 	Type of Credit Facility	 	 Security Interest/Lien
 Granted
	 	 Outstanding
 Amount

	None	 		 		 	
		 		 		 	
		 		 		 	
		 		 		 	

  
 39 

 SCHEDULE 2 

(SCHEDULE OF DOCUMENTS) 

  
 40 

 

 
 SCHEDULE OF DOCUMENTS — PERSONALIS, INC. 

 

			
	LENDER	  	TRIPLEPOINT CAPITAL LLC
	LENDER’S COUNSEL (“LC”)	  	KEVIN THORNE, KERRIE DUNSTAN
	BORROWER	  	PERSONALIS, INC.
	BORROWER’S COUNSEL (“BC”)	  	JOHN HALE, COOLEY LLP
	ITEMS COMPLETED	  	“XX”

  

							
	Item	  	 	  	Resp. Party	  	Status
	I.	  	PRINCIPAL LOAN DOCUMENTS	  		  	
		  	 1.  Plain English Revolving Loan and Security Agreement, executed by Borrower and
Lender, together with:
	  	LC/BC	  	XX
		  	 1.1  Disclosure Schedules
	  	BC	  	n/a
		  	 1.2  Exhibits
	  	LC/BC	  	XX
		  	 2.  Plain English Revolving Promissory Note, Trance A
	  	LC/BC	  	XX
		  	 3.  Warrant Agreement,
1115-W-01, executed by Borrower and Lender
	  	LC/BC	  	XX
		  	 4.  Subordination Agreement between Lender and Convertible Debt Providers acknowledged
by Borrower
	  	LC/BC	  	2 main VCs signatures received; remainder due by 7/14
	II.	  	SECURITY DOCUMENTS	  		  	
		  	 5.  Charge Over Shares executed by Parent and Lender, pledging shares of:

 
 (a)   Personalis (UK)
Limited
	  	LC/BC	  	 Deferred; Borrower

shall execute in form acceptable to Lender upon 30 days written notice by Lender, if
required.

							
		  	 5.1  Schedules
	  	BC	  	Deferred
		  	 5.2  Stock Transfer Form
	  	BC	  	Deferred
		  	 6.  Certificates of Perfection executed by Borrower
	  	BC	  	Final
		  	 7.  Deposit Account Control Agreements executed by Borrower, Lender and Bank:
	  		  	
		  	 7.1  SVB-8632

7.2  SVB Asset Mgt — 19-SV958
	  	LC/BC	  	 DACA:

XX
 SAGA:

XX

		  	 8.  Landlord Waivers executed by the landlords party to the leases for the following
locations:
	  		  	
		  	 (a)   1330 O’Brien Dr., Menlo Park, CA
	  	LC/BC	  	XX
		  	 9.  Co-Location Agreement, executed by the
bailee(s) for the following location(s) if Necessary:
	  		  	
		  	 (a)   SVColo
	  	LC/BC	  	XX
		  	10. [Bailee Letters, executed by bailees for the following inventory locations:]	  		  	
		  	 (a)   No locations
	  	LC/BC	  	n/a
	III.	  	DUE DILIGENCE	  		  	
		  	 11.  Legal Due Diligence Questionnaire (Borrower)
	  	BC	  	XX
		  	 12.  Pre-Closing Lien Search Reports detailing
the searches in those jurisdictions listed on Exhibit A attached hereto and a summary thereof
	  	LC/BC	  	 See

Exhibit A

	IV.	  	ANCILLARY DOCUMENTS	  		  	XX
		  	 13.  ACH Direct Payment Form
	  	BC	  	XX
		  	 14.  Advance Request
	  	BC	  	XX
		  	 15.  Proposal Letter among the Borrower and Lender
	  	LC/BC	  	XX
		  	 16.  Insurance Policies/Certificates naming Lender as additional insured/loss payee

 
 •  General Liability —
(Additional Insured)
  

•  Property Insurance — (Loss Payee)

 
 *   Endorsements must accompany
each Certificate.
  
	  	BC	  	XX
	 Notice Address for Certificates

TriplePoint Capital LLC
 2755 Sand Hill Rd., Ste.
150

  
 2 

							
	 Menlo Park, CA 94025
 Tel:
(650) 854-2090
 Fax: (650) 854-1850

Attn: Monitoring Group
	  		  	
				
		  	 17.  Termination Statements for
                    :
	  	BC	  	n/a
		  	 18.  Facility Fee, Part 1: $125,000
	  	BORROWER	  	 Deduct from

advance

		  	 19.  Legal Fees, TBD
	  	BORROWER	  	 Deduct from

Advance

		  	 20.  Diligence Fees, $10,000
	  	BORROWER	  	 Deduct from

Advance

		  	 21.  Commitment Deposit, $20,000
	  	BORROWER	  	Rec’d 6/7/17
	V.	  	ORGANIZATIONAL DOCUMENTS	  		  	
		  	 22.  Borrower
	  	BC	  	XX
		  	 22.1 Secretary’s Certificate (including incumbency)

		  	 (a)   Exhibit A – Certificate of Incorporation certified by the Secretary
of State of Delaware - xx

		  	 (b)   Exhibit B - By-Laws, as amended
through the Closing Date - xx

		  	 (c)   Exhibit C - Resolutions (re: Loan Documents; Warrant
Agreement)

		  	 22.2 Good Standing Certificates (tax and corporate) from:

i.   Delaware

ii.  California
	  	BC	  	XX
	VI.	  	EQUITY DOCUMENTS	  		  	
		  	 23.  Series C Preferred Stock Purchase Agreement
	  	BC	  	XX
		  	 24.  Investors’ Rights Agreement
	  	BC	  	XX
		  	 25.  Capitalization Table
	  	BC	  	XX
		  	 26.  409A Valuation Report
	  	BC	  	XX
	VII.	  	POST CLOSING OBLIGATIONS	  		  	
		  	 27.  File UCC Financing Statements
	  	LC	  	XX
		  	 28.  Post-Filing UCC Searches
	  	LC	  	In process

  
 3 

 EXHIBIT A 

Pre-Closing Lien Search Reports 

 

					
	 Search Jurisdictions
	  	 Debtor
	  	 Received?

	Delaware	  	Personalis, Inc.	  	In process
	California	  	Personalis, Inc.	  	 Yes; 2 State Tax Liens;

Company provided proof of termination

	United Kingdom	  	Personalis (UK) Limited	  	Yes; Clean

  
 4EX-10.21

 Exhibit 10.21 

 
 

 
 FIRST AMENDMENT 

TO PLAIN ENGLISH LOAN AND SECURITY
AGREEMENT 
 This is a FIRST AMENDMENT TO PLAIN ENGLISH LOAN AND SECURITY AGREEMENT dated as of March 22,
2019 (the “Amendment”) by and between PERSONALIS, INC., a Delaware corporation, (“Borrower”) and TRIPLEPOINT CAPITAL LLC, a Delaware limited liability company, (“Lender”). 

RECITALS 
 A. Borrower and
Lender are parties to the Plain English Revolving Loan and Security Agreement dated as of June 28, 2017 (the “Loan Agreement”), pursuant to which Lender agreed to provide financial accommodations to or for the benefit of
Borrower upon the terms and conditions contained in the Loan Agreement. Unless otherwise defined in this Amendment, capitalized terms and matters of construction defined in the Loan Agreement shall have the same meaning given to them in the Loan
Agreement. 
 B. In connection with the Loan Agreement, Lender has made a certain Advances to Borrower which are evidenced by the Plain
English Promissory Note 1115-RV-01-01 dated June 28, 2017 executed by Borrower in favor of Lender (“Note RV-01-01”). 
 C. Borrower has requested that certain
provisions of the Loan Agreement be amended, and that growth capital loans be made available to Borrower and in connection with such amendments made herein, Borrower and Lender wish to re-name the Loan
Agreement, the “Plain English Loan and Security Agreement”. 
 AGREEMENT 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are acknowledged, Borrower and Lender agree as
follows: 
  
  

	1.	 RATIFICATION; LOAN DOCUMENTS REMAIN IN FULL FORCE AND EFFECT 

 
 Borrower hereby acknowledges, confirms
and ratifies all of the terms and conditions set forth in, and all of its obligations under, the Loan Agreement and the other Loan Documents. Unless otherwise defined, all initially capitalized terms in this Amendment shall be as defined in the
Agreement. Except as expressly set forth herein, the execution, delivery, and performance of this Amendment shall not operate as a waiver of, or as an amendment of, any right, power, or remedy of Lender under the Loan Agreement or any other Loan
Document, as in effect prior to the date hereof. 
  
  

	2.	 AMENDMENTS TO LOAN AGREEMENT 

 
 A.    Name of Loan
Agreement. On and after the First Amendment Closing Date, all references in the Loan Documents to “Plain English Revolving Loan and Security Agreement” shall mean and refer to the “Plain English Loan and Security Agreement”
as amended by this Amendment 
 B.    Growth Capital Loan Facility Information. Provided that the conditions in this Amendment
and the Loan Agreement are met, Lender will lend to Borrower the additional Growth Capital Loan Commitment Amounts as reflected in this Amendment and Borrower agrees to use such proceeds to finance any of Borrower’s general corporate needs.
Lender will lend to Borrower Advances in minimum amounts as set forth in this Amendment up to a maximum of the additional Commitment Amount as provided below. 

 GROWTH CAPITAL LOAN FACILITY INFORMATION 

 

							
	 Facility Number

Part 1: 1115-GC-01
	 	 Commitment Amount

Part 1: $20,000,000

				
	 Minimum Advance

Amount
	 	Availability Period	 	Loan Term	 	Interest Rate
				
	Part 1: $5,000,000, which will be utilized to prepay in full the Note RV-01-01	 	 Part 1: First Amendment

Closing Date through

January 31, 2020
	 	 Part 1: 48 Months
  

(1-12 interest only)
	 	 Part 1:
  

For each Advance which in the aggregate with all other Advances is less than or equal to $15,000,000, Prime Rate plus 5.00%

				
		 		 		 	For each Advance which in the aggregate with all other Advances is greater than $15,000,000, Prime Rate plus 6.50%
				
		 		 		 	(Prime Rate as published in the Wall Street Journal, however, in no event shall the Prime Rate be less than 5.50%)

 

					
	 Security Interest
  

First priority security interest in all

Collateral; negative pledge on

Intellectual Property
	 	 End Of Term Payment
  

Part 1: 2.75% of each Advance
	 	 Facility Fee
  

Part 1: $250,000 due on the First

Amendment Closing Date

 C.    AMENDMENT TO PAYMENT OBLIGATIONS. Notwithstanding anything in the Loan Agreement to the
contrary, effective as of the date in which Borrower satisfies all conditions to effectiveness set forth in Section 3: 
  

	 	•	 	 The Maturity Date for the Note RV-01
-01 shall be extended and shall be the First Amendment Closing Date (the “Revised Maturity Date”). 

  

	 	•	 	 During the period from December 31, 2018 through the Revised Maturity Date, the Secured Obligations will be
repaid monthly in interest only payments payable on the last day of each month (unless that date falls on a weekend or national holiday in which event such payment shall be due on the previous Business Day), followed by all outstanding principal and
accrued interest due on the Revised Maturity Date, if not sooner paid in full. 

 D.    WHAT THE PARTIES AGREE TO
FINANCE; DESIGNATION OF LEAD BORROWER: Section 1 is hereby amended amending by deleting the first paragraph and replacing it with the following: 

Provided that the conditions in Sections 4 and 5 and elsewhere in this Agreement are met, We will lend to You the Parts of the Commitment Amount as reflected
in the Table of Terms and You agree to use such proceeds to finance any of Your general corporate needs, including Equipment. We will make one monthly Advance under the Revolving Loan and other Advances under the Growth Capital Loan, as requested
(each an “Advance”) in minimum amounts as set forth in the Table of Terms up to a maximum of the Commitment Amount as provided in the Table of Terms. Our obligation to fund Advances under each Part of the Commitment Amount under
this Agreement will end on the last day of the Availability Period noted in the Table of Terms for such Part. 

  
 2 

 E.    YOU WILL ENTER INTO MULTIPLE PROMISSORY NOTES: Section 2 is hereby
amended by deleting it in its entirety and replacing it with the following: 
 Revolving Loan 

The Plain English Revolving Loan Promissory Note in the form of Exhibit A (“Revolving Promissory Note”) is the form of document the Parties
will enter into upon the availability of each Tranche/Commitment Amount of the Revolving Loan. The Revolving Promissory Note evidences the Revolving Loan and all of the terms and conditions of this Agreement are incorporated in and made a part of
the Revolving Promissory Note. For any Part that is not available on the Closing Date, the Parties will enter into a Revolving Promissory Note when such Part becomes available. 

Growth Capital Loan 
 The Plain English Growth
Capital Promissory Note in the form of Exhibit 1 (the “Growth Capital Promissory Note”, collectively with the Revolving Promissory Note, the “Promissory Note”) is the document the Parties will enter into each time an
Advance under the Growth Capital Loan is to be funded. The Growth Capital Promissory Note will contain the specific financial terms of the Advance (e.g. amount funded, interest rate, maturity date, Advance Date, payment due dates etc.) and all of
the terms and conditions of this Agreement are incorporated in and made a part of each Growth Capital Promissory Note. There may be multiple Growth Capital Promissory Notes associated with this Agreement. 

F.    HOW WILL YOU REQUEST ADVANCES: Section 4 is hereby amended by deleting the second to last paragraph and replacing it
with the following: 
 After We check and approve the information You provide in the Advance Request, (a) with respect to the Revolving Loan, upon Your
initial Advance Request, We will prepare and provide to You a Revolving Promissory Note for Your signature and (b) with respect to the Growth Capital Loan, upon each Advance Request, We will prepare and provide to You a Growth Capital
Promissory Note and an amortization schedule for Your signature. Upon receipt of the Promissory Note signed by Your authorized officer and confirmation by Us that all conditions to funding an Advance have been met, We will then advance the requested
funds to You. 
 G.    CONDITIONS FOR US TO MAKE LOANS TO YOU: Section 5 is hereby amended amending adding the following:

  

	 	•	 	 The initial Advance under the Growth Capital Loan shall be used to prepay, in its entirety, all amounts owing in
respect of Note RV-01-01. 

H.    YOU MAY PREPAY PROMISSORY NOTES: Section 6 is hereby amended by deleting it in its entirety and replacing it with the
following: 
 Revolving Loan 
 You may at any
time prepay any amounts outstanding under all of the Revolving Promissory Notes in part or in full, without premium or penalty, by paying: (a) the principal amount being prepaid and all accrued interest calculated as if the date of such
prepayment occurred on the next scheduled monthly payment date per the respective Promissory Notes, (b) the End of Term Payment, prorated for any partial payment, and (c) all other Secured Obligations, if any, that shall have become due
and payable, including interest at the Default Rate with respect to any past due amounts as of the date of prepayment. 
 Growth Capital Loan

 You may at any time prepay any Growth Capital Promissory Note in full (but not in part), without premium or penalty, by (a) giving five
(5) Business Days prior written notice, and (b) paying: (i) the remaining outstanding principal amount and all accrued interest calculated as if the date of such prepayment occurred on the next scheduled monthly payment date per the
respective Promissory Note, (ii) the End of Term Payment, (iii) all other Secured Obligations, if any, that shall have become due and payable, including interest at the Default Rate with respect to any past due amounts as of the date of
prepayment, and (iv) the Prepayment Fee. 

  
 3 

 I.    HOW AND WHAT WILL YOU PAY US: Section 9 is hereby amended amending by
deleting in its entirety and replacing it with the following: 
 Revolving Loan 

Payments. Except as set forth in Section 7 with respect to interest that accrues at the Default Rate, the principal balance of each Revolving Loan
Promissory Note shall accrue interest at the percentage per year as indicated in the Revolving Loan Facility Information in the Table of Terms, and shall be computed daily on the basis of a year consisting of 360 days for the actual number of days
occurring in the period for which such interest is payable, and interest shall accrue from the date on which the Revolving Loan Advance funded to any of You. Monthly installments of interest shall be payable on the last day of each month through the
Revolving Loan Maturity Date (unless that date falls on a weekend or national holiday in which event such payment shall be due on the previous Business Day). In the event that the Prime Rate is changed from time to time during the term of this
Agreement, the applicable rate of interest for the outstanding principal balance of the Revolving Loan Advances shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate.
The first payment date for each Revolving Loan Advance will be the last day of the month in which the Revolving Loan Advance was funded. All outstanding principal and accrued interest shall be due on the Revolving Loan Maturity Date, if not sooner
paid in full. 
 Interest Rate Adjustment. Immediately upon execution of a Working Capital Loan Facility the Interest Rate for all outstanding
Revolving Loan Advances and any new Revolving Loan Advances shall increase by one percent (1%). 

Re-borrowing. Any amounts that You repay on the Revolving Loan Advances may be
re-borrowed during the applicable Availability Period. 
 Growth Capital Loan 

Payments. The first payment date for each Growth Capital Loan Advance will be the first day of the month following the month in which the Growth Capital
Loan Advance was funded, unless that Growth Capital Loan Advance is funded on the first day of that month, in which case the first payment date shall be the Advance Date. 

Each Growth Capital Loan Advance shall be due in monthly installments consisting of that number of months of interest only as indicated in the Growth Capital
Loan Facility Information in the Table of Terms followed by the remaining monthly installment payments, as indicated in the Table of Terms, of principal and interest. All payments are payable on the first day of each month through the last payment
date (unless that date falls on a day that is not a Business Day in which event such payment shall be due on the previous Business Day). The outstanding balance of each Growth Capital Loan Advance shall be due and payable in full in immediately
available funds on the Maturity Date (as defined in the applicable Growth Capital Promissory Note for such Growth Capital Loan Advance), if not sooner paid in full. 

Interest. The principal balance of each Growth Capital Promissory Note shall accrue interest at the percentage per year as indicated in the Table of
Terms, and shall be computed daily on the basis of a year consisting of 360 days for the actual number of days occurring in the period for which such interest is payable, and interest shall accrue in advance from the Advance Date. In the event that
the Prime Rate is changed from time to time during the term of this Agreement, the applicable rate of interest for the outstanding principal balance of the Growth Capital Loan Advances shall be increased or decreased, effective as of the day the
Prime Rate is changed, by an amount equal to such change in the Prime Rate. 
 Interim Payment. In the event a Growth Capital Loan Advance is made on
any day other than the first day of the month, You shall make payment to Us on the Advance Date in an amount equal to the per diem interest for the time from the Advance Date through and including the last day of the month in which the Growth
Capital Loan Advance is funded. 
 Fees. You shall pay to Us the following fees and expenses: 

 

	 	•	 	 Facility Fees. On or before the Closing Date or First Amendment Closing Date, or upon availability of
additional Commitment Amounts, as the case may be, the respective Facility Fee as indicated in the Table of Terms. 

  

	 	•	 	 End of Term Payment. Upon the earlier of the expiration of the Loan Term or last payment date for any
Promissory Note, the End of Term Payments as indicated in the Table of Terms. 

  
 4 

	 	•	 	 Prepayment Fee. An additional prepayment premium (“Prepayment Fee”) shall be payable as
follows: 

 (a)    If prepaid in months 1-12 of the Loan Term
of any Growth Capital Promissory Note: 1.00% of the outstanding balance owing under such Promissory Note; and 

(b)    If prepaid after month 12 of the Loan Term of any Growth Capital Promissory Note, no additional prepayment premium
shall be due. 
 Re-borrowing. Any amounts that You repay on the Growth Capital Loan Advances may not be re-borrowed. 
 Miscellaneous. Payments are due electronically by automatic debit through Automated Clearing House
(ACH) payment on or before the last day of each month in the case of a Revolving Loan or the first day of the month in the case of a Growth Capital Loan. You agree to fill out and execute the electronic funds transfer/automatic debit Authorization
form that We provide. If We do not receive any payments from You within two (2) Business Days after they are due, You will pay a late charge on the overdue amount. The late charge will be equal to five percent (5%) of the amount due for each
month not paid when due and until such time as payment is received. All payments shall be free and clear of any taxes, withholdings, duties, impositions or other charges, to the end that We will receive the entire amount of any Secured Obligations
payable under this Agreement, regardless of the source of payment. Any interest not paid when due shall be compounded by becoming a part of the Secured Obligations, and such interest shall then accrue interest at the rate then applicable under this
Agreement and the applicable Promissory Note. 
 J. COVENANTS: Section 12, “YOUR CONVENANTS TO US” is hereby amended by deleting
subparagraph “Dispositions, Liens and Encumbrances” in its entirety and replacing it with the following: 
 Dispositions, Liens and
Encumbrances. None of You will nor will You permit any of Your Subsidiaries to, transfer, sell, assign, grant a security interest in, hypothecate, permit or suffer to exist any Lien, or otherwise transfer any interest in or encumber any portion
of Your properties or assets (or those of any Subsidiary), including the Intellectual Property, either voluntarily or involuntarily, without Our prior written consent, other than: (a) Permitted Liens, (b) sales of Inventory in the ordinary
course of business, (c) non-exclusive licenses or non-perpetual exclusive licenses with respect to geographic area, fields of use and customized products for
specific customers that would not result in a transfer of title of the licensed property under applicable law, all given in the ordinary course of Your business, and (d) sales of worn-out or obsolete
Equipment not financed by Us provided that the fair market value of such Equipment does not exceed $50,000 in any fiscal year. In addition, none of You will, nor will You permit any of Your Subsidiaries to, enter into any agreement with any Person
(other than Us) that restricts Your ability, or the ability of any of Your Subsidiaries, to transfer, sell, assign, grant a security interest in, hypothecate, permit or suffer to exist any Lien, or otherwise transfer any interest in or encumber any
portion of Your properties or assets or those of any of Your Subsidiaries, including Your Intellectual Property. Without limiting the generality of the foregoing, none of You will sell, transfer, encumber or otherwise dispose of any ownership
interest that You may have in any subsidiary. Notwithstanding the forgoing, nothing in this Agreement shall limit Your Subsidiaries from transferring any of such Subsidiaries properties or assets to You or any other borrower or Guarantor or such
Subsidiary making any distributions to You or any other borrower or Guarantor. 
 K. DEFINITIONS: Section 21 is hereby amended by deleting the
definitions of “Revolving Loan”, “Revolving Loan Maturity Date” and “Table of Terms” and replacing them as follows: 

“Revolving Loan” means the loans in the maximum principal amount as stated in the Table of Terms “Revolving Loan Facility
Information” under the caption “Commitment Amount” made to You by Us pursuant to the terms of this Agreement. 
 “Revolving Loan
Maturity Date” means the First Amendment Closing Date. 
 “Table of Terms” means the table of terms on Page 1 and 2 of the Loan
Agreement, and Page 2 of the First Amendment. 
 L.    DEFINITIONS: Section 21 is hereby amended by adding the following
definitions in alphabetical order: 
 “First Amendment” means that certain First Amendment to Plain English Loan and Security Agreement by
and between You and Us, dated as of March 22, 2019. 
 “First Amendment Closing Date” means March 22, 2019. 

“Growth Capital Loan” means the loans in the maximum principal amount as stated in the Table of Terms “Growth Capital Loan Facility
Information” under the caption “Commitment Amount” made to You by Us pursuant to the terms of this Agreement. 
 “Prepayment
Fee” has the meaning given to it in Section 9. 

  
 5 

 M. EXHIBITS: Exhibit 1 attached hereto, shall be incorporated into and become a part of the Loan
Agreement. 
  
  

3.    CONDITIONS TO EFFECTIVENESS 

 
  

	 	•	 	 Receipt by Lender of copies of this Amendment, duly executed by Borrower and Lender; 

 

	 	•	 	 Receipt by Lender of the Warrant Agreement of even date as this Amendment; 

 

	 	•	 	 Receipt by Lender of the Certificate of Perfection of even date as this Amendment; 

 

	 	•	 	 Receipt by Lender of the Growth Capital Loan Part 1 Facility Fee noted above; 

 

	 	•	 	 Receipt by Lender of a Certificate of Secretary regarding resolutions and incumbency; 

 

	 	•	 	 Receipt by Lender of certified copy of Certificate of Incorporation and
By-Laws as amended through the date of this Amendment; 

  

	 	•	 	 The absence of any Default or Event of Default; and 

 

	 	•	 	 Such other documents as We may reasonably request. 

 
  

4.    REPRESENTATIONS AND WARRANTIES 

 
 Borrower represents and warrants that the
representations and warranties contained in the Loan Agreement were true and correct in all material respects when made and, except to the extent (a) that a particular representation or warranty by its terms expressly applies only to an earlier
date or (b) set forth in a Schedule of Exceptions attached hereto, if any, are true and correct in all material respects as of the date of this Amendment. Borrower further represents and warrants that there are no Defaults or Events of Default
that have occurred and are continuing as of the date of this Amendment. 
  

 
 5.    MISCELLANEOUS 

 
  

	 	•	 	 Entire Agreement. The terms and conditions of this Amendment shall be incorporated by reference in
the Loan Agreement as though set forth in full in the Loan Agreement. In the event of any inconsistency between the provisions of this Amendment and any other provision of the Loan Agreement, the terms and provisions of this Amendment shall govern
and control. Except to the extent specifically amended or superseded by the terms of this Amendment, all of the provisions of the Loan Agreement and the other Loan Documents shall remain in full force and effect to the extent in effect on the date
of this Amendment. The Loan Agreement, as modified by this Amendment, together with the other Loan Documents, constitutes the complete agreement among the parties and supersedes any prior written or oral agreements, writings, communications or
understandings of the parties with respect to the subject matter the Loan Agreement. 

  

	 	•	 	 Headings. Section headings used in this Amendment are for convenience of reference only, are not
part of this Amendment, and are not to be taken into consideration in interpreting this Amendment. 

  

	 	•	 	 Recitals. The recitals set forth at the beginning of this Amendment are true and correct, and such
recitals are incorporated into and are a part of this Amendment. 

  

	 	•	 	 Governing Law. This Amendment shall be governed by, and construed and enforced in accordance with,
the laws of the State of California applicable to contracts made and performed in such state, without regard to the principles thereof regarding conflict of laws. 

 

	 	•	 	 Effect. Upon the effectiveness of this Amendment, from and after the date of this Amendment, each
reference in the Loan Agreement to “this Agreement,” “hereunder,” “hereof,” or words of like import shall mean and be a reference to the Loan Agreement as amended by this Amendment and each reference in the other Loan
Documents to the Loan Agreement, “thereunder,” “thereof,” or words of like import shall mean and be a reference to the Loan Agreement as amended by this Amendment. 

  
 6 

	 	•	 	 No Novation. Except as expressly provided in Section 2 above, the execution, delivery,
and effectiveness of this Amendment shall not (a) limit, impair, constitute a waiver of, or otherwise affect any right, power, or remedy of Lender under the Loan Agreement or any other Loan Document, (b) constitute a waiver of any
provision in the Loan Agreement or in any of the other Loan Documents, or (c) alter, modify, amend, or in any way affect any of the terms, conditions, obligations, covenants, or agreements contained in the Loan Agreement, all of which are
ratified and affirmed in all respects and shall continue in full force and effect. 

  

	 	•	 	 Counterparts. This Agreement may be executed in any number of counterparts, each of which will be
deemed an original, but all such counterparts together constitute one and the same instrument. 

  

	 	•	 	 Signatures. This Agreement and any Promissory Note may be executed and delivered by facsimile or
transmitted electronically in either Tagged Image Format Files (“TIFF”) or Portable Document Format (“PDF”) and, upon such delivery, the facsimile, TIFF or PDF signature, as applicable, will be deemed to have the
same effect as if the original signature had been delivered to the other party. 

 [SIGNATURE PAGE TO FOLLOW]

  
 7 

 IN WITNESS WHEREOF, The Parties have executed and delivered this Amendment as of the day and year
first above written. 
  

							
	BORROWER:	 		 	You:	 	PERSONALIS, INC.
				
		 		 	Signature:	 	 /s/ JOHN WEST

				
		 		 	Print Name:	 	 JOHN WEST

				
		 		 	Title:	 	 CEO

 Accepted in Menlo Park, California: 
  

							
	LENDER:	 		 	Us:	 	TRIPLEPOINT CAPITAL LLC
				
		 		 	Signature:	 	 /s/ Andrew Olson

				
		 		 	Print Name:	 	 Andrew Olson

				
		 		 	Title:	 	 CFO

 [SIGNATURE PAGE TO FIRST AMENDMENT TO PLAIN ENGLISH LOAN and SECURITY AGREEMENT] 

  
 8 

 EXHIBIT 1 
  

 
 PLAIN ENGLISH GROWTH CAPITAL PROMISSORY NOTE 

This is a Plain English Growth Capital Promissory Note dated
                    , 20         by and between TRIPLEPOINT CAPITAL LLC, as lender, and PERSONALIS, INC. and
any other Person that executes a Joinder Agreement to become a borrower under the Loan Agreement, as borrowers (the “Promissory Note”). The words “We”, “Us”, and “Our”, refer to TRIPLEPOINT CAPITAL LLC.
Unless otherwise specified, the words “You” and “Your” refer to PERSONALIS, INC. and any other Person that executes a Joinder Agreement to become a borrower under the Loan Agreement, and not any individual, and PERSONALIS, INC.
and any other Person that executes a Joinder Agreement to become a borrower under the Loan Agreement, shall be jointly and severally liable for any and all of Your agreements and obligations under this Promissory Note. The words “Parties”
refers to each of and all of TRIPLEPOINT CAPITAL LLC, PERSONALIS, INC. and any other Person that executes a Joinder Agreement to become a borrower under the Loan Agreement. 

This Promissory Note is the Promissory Note referred to in, and is executed and delivered in connection with, the Plain English Loan and Security Agreement
dated as of June 28, 2017, by and between the Parties, as the same may from time to time be amended, modified or supplemented in accordance with its terms (the “Loan Agreement”), and is entitled to the benefit and security of
that Loan Agreement and the other documents executed in connection with all principal, interest, fees or other liabilities owed by You under the Loan Agreement and other Loan Documents (as defined in the Loan Agreement). All terms defined in the
Loan Agreement shall have the same definitions when used herein, unless otherwise defined herein. 
  

							
	PROMISSORY NOTE INFORMATION
				
	 Facility Name
  

Growth Capital Loan Facility
	 	 Facility Number
  

1115-GC-0_
	 	 Promissory Note Number
  

1115-GC-0_-0_
	 	 Principal Amount
  

$            

				
	 Payment Amount
  

[Months 1-XX: interest only;

 
 Months XX-XX:
$            ]
	 	 Loan Term
  

         months
	 	 Interest Rate
  

[Prime Rate plus     %]
	 	 End of Term Payment
  

$[    %]

				
	 Interim Payment
  

$            
	 	 Funding Date
  

            , 20    
	 	 First Payment Date
  

            , 20    
	 	 Maturity Date
  

            ,
20    

  

									
	CONTACT INFORMATION
				
	 Name
  

TriplePoint Capital LLC
	 	 Address For Notices
  

2755 Sand Hill Rd., Ste. 150
 Menlo
Park, CA 94025
 Tel: (650) 854-2090

Fax: (650) 854-1850
	 		 	 Contact Person
  

Sajal Srivastava, President
 Tel:
(650) 233-2102
 Fax: (650) 854-1850

email: legal@triplepointcapital.com

				
	 Customer Name

 
 Personalis, Inc.
	 	 Central Billing Address
  

1330 O’Brien Drive
 Menlo Park,
CA 94025
	 		 	 Contact Person
  

Name, Title
 Carol Tillis, VP
Finance & Administration
 Tel: (650) 752-1330

Fax: (650)752-1301

email: carol.tillis@personalis.com

  
 9 

 FOR VALUE RECEIVED, Each of You, jointly and severally, hereby promise to pay to the order of
TriplePoint Capital LLC or the holder of this Promissory Note at 2755 Sand Hill Road, Ste. 150, Menlo Park, CA, 94025 or such other place of payment as the holder of this Promissory Note may specify from time to time in writing, in lawful money of
the United States of America, the principal amount of                     /100 Dollars
($            ) together with interest at Prime Rate plus      percent (    %) per annum, from the date of this Promissory Note to maturity of each
installment on the principal remaining unpaid, such principal and interest to be paid as stated on Page 1 of this Promissory Note and as set forth in the Loan Agreement. In addition to Your final payment, You will pay Us an amount equal to
     percent (    %) of the principal amount of this Promissory Note. Interest shall be computed daily on the basis of a year consisting of 360 days for the actual number of days occurring in the period for
which such interest is payable. Any payments made under this Promissory Note shall not be available for re-borrowing. 

The aggregate outstanding principal balance of this Promissory Note shall be due and payable in full in immediately available funds on the Maturity Date, if
not sooner paid in full. 
 You waive presentment and demand for payment, notice of dishonor, protest and notice of protest under the UCC or any applicable
law. 
 You will not, directly or indirectly, use the proceeds of any Advance(s) under this Promissory Note, or lend, contribute or otherwise make available
such proceeds to any Subsidiary, Affiliate, joint venture partner or other Person, to fund any activities or business of or with any Person, or in any country or territory, that, at the time of such funding, is the subject of any sanctions
administered by OFAC, or in any other manner that would result in a violation of OFAC sanctions by any Person, including any Person participating in any capacity in any Advance(s) under this Promissory Note. 

This Promissory Note has been negotiated and delivered to Us and is payable in the State of California. This Promissory Note shall be governed by and
construed and enforced in accordance with, the laws of the State of California, excluding any conflicts of law rules or principles that would cause the application of the laws of any other jurisdiction. 

 

							
	BORROWERS	 		 	YOU:	 	PERSONALIS, INC.
				
		 		 	Signature:	 	  

				
		 		 	Print Name:	 	  

				
		 		 	Title:	 	  

  
 10

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