Document:

Amended and Restated Stock Incentive Plan

 Exhibit 10.2 
 SOLARWINDS, INC. 
 AMENDED AND RESTATED STOCK INCENTIVE PLAN 
 1. Purpose. The purpose of the Plan is to assist the Company in attracting, retaining, motivating and rewarding Eligible Persons,
and promoting the creation of long-term value for stockholders of the Company by closely aligning the interests of Participants with those of such stockholders. The Plan authorizes the award of Stock-based incentives to Participants to encourage
such persons to expend their maximum efforts in the creation of stockholder value. 
 2. Definitions. For purposes of
the Plan, the following terms shall be defined as set forth below: 
 (a) “Affiliate” means, with respect to
any entity, any other entity that, directly or indirectly through one or more intermediaries, controls, is controlled by or is under common control with, such entity. 
 (b) “Award” means any Option, Restricted Stock or other Stock-based award granted under the Plan. 
 (c) “Board” means the Board of Directors of the Company. 
 (d) “Cause” means, in the absence of any employment agreement between a Participant and the Employer otherwise defining
Cause, (i) acts of personal dishonesty, gross negligence or willful misconduct on the part of a Participant in the course of his or her employment or services; (ii) a Participant’s engagement in conduct that results, or could be
reasonably expected to result, in material injury to the reputation or business of the Company or its Affiliates; (iii) misappropriation by a Participant of the assets or business opportunities of the Company or its Affiliates;
(iv) embezzlement or fraud committed by a Participant, at his or her direction, or with his or her personal knowledge; (v) a Participant’s conviction by a court of competent jurisdiction of, or pleading “guilty” or “no
contest” to, (x) a felony, or (y) any other criminal charge (other than minor traffic violations) that has, or could be reasonably expected to have, an adverse impact on the performance of the Participant’s duties to the Company
or its Affiliates; or (vi) failure by a Participant to follow the lawful directions of a superior officer or the Board. In the event there is an employment agreement between a Participant and the Employer defining Cause, “Cause” shall
have the meaning provided in such agreement. 
 (e) “Change in Control” means (i) the sale or
disposition, in one or a series of related transactions, of all or substantially all of the assets of the Company (including, without limitation, such sale or disposition of one or more Subsidiaries of the Company comprising all or substantially all
of the Company’s assets) to any “person” or “group” (as such terms are defined in Sections 13(d)(3) and 14(d)(2) of the Exchange Act) other than the Investors or their Affiliates; or (ii) any person or group, other
than the Investors or their Affiliates, is or becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the total voting power of the voting stock of the
Company, including by way of merger, consolidation or otherwise and pursuant to which Investors or their Affiliates cease to control the Board. 

 (f) “Code” means the Internal Revenue Code of 1986, as amended from time
to time, including regulations thereunder and successor provisions and regulations thereto. 
 (g)
“Committee” means the Board or such other committee appointed by the Board consisting of two or more individuals. 
 (h) “Company” means SolarWinds, Inc. 
 (i) “Company Securities” means securities
of the Company acquired by the Investors from time to time. 
 (j) “Competitive Activity” means, with respect
to any Participant, any activity reasonably determined by the Committee to be competitive with the business of the Employer of the Participant. If a Participant is a party to an employment or other agreement with the Employer that contains
restrictive covenants, “Competitive Activity” with respect to such Participant shall be limited to the breach of such restrictive covenants by such Participant. 
 (k) “Disability” means, in the absence of any employment agreement between a Participant and the Employer otherwise
defining Disability, the permanent and total disability of a person within the meaning of Section 22(e)(3) of the Code. In the event there is an employment agreement between a Participant and the Employer defining Disability,
“Disability” shall have the meaning provided in such agreement. 
 (l) “Effective Date”
shall mean December 14, 2005. 
 (m) “Eligible Person” means (i) each employee of the Company or of
any of its Affiliates, including each such person who may also be a director of the Company and/or its Affiliates; (ii) each non-employee director of the Company and/or its Affiliates; (iii) each other person who provides substantial
services to the Company and/or its Affiliates and who is designated as eligible by the Committee; and (iv) any person who has been offered employment by the Company or its Affiliates; provided that such prospective employee may not
receive any payment or exercise any right relating to an Award until such person has commenced employment with the Company or its Affiliates. An employee on an approved leave of absence may be considered as still in the employ of the Company or its
Affiliates for purposes of eligibility for participation in the Plan. 
 (n) “Employer” means either the
Company or an Affiliate of the Company that the Participant (determined without regard to any transfer of an Award) is principally employed by or provides services to, as applicable. 
 (o) “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, including rules thereunder
and successor provisions and rules thereto. 
 (p) “Expiration Date” means the date upon which the term of an
Option expires, as determined under Section 5(b) hereof. 
  

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 (q) “Fair Market Value” means (i) prior to an IPO, the fair market
value per share of Stock, as determined by the Board in good faith, (ii) at the time of an IPO, the per share price offered to the public in such IPO, and (iii) after an IPO, on any date (A) if the Stock is listed on a national
securities exchange, the mean between the highest and lowest sale prices reported as having occurred on the primary exchange with which the Stock is listed and traded on the date prior to such date, or, if there is no such sale on that date, then on
the last preceding date on which such a sale was reported, or (B) if the Stock is not listed on any national securities exchange but is listed on the Nasdaq National Market System, the average between the high bid price and low ask price
reported on the date prior to such date, OT, if there is no such sale on that date then on the last preceding date on which such a sale was reported. If, after an IPO, the Stock is not listed on a national securities exchange or the Nasdaq National
Market System, the Fair Market Value shall mean the amount determined by the Board in good faith to be the fair market value per share of Stock, on a fully diluted basis. 
 (r) “Family Member” means any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse,
sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law (including adoptive relationships) of the Participant, any person sharing the Participant’s household (other than a tenant or
employee), a trust in which these persons have more than 50% of the beneficial interest, a foundation in which these persons (or the Participant) control the management of assets, and any other entity in which these persons (or the Participant) own
more than 50% of the voting interests. 
 (s) “Investors” means, collectively, Bain Capital Venture Integral
Investors, LLC, BCV Co-Invest SW, L.P., Insight Venture Management, LLC, Insight Venture Partners (Cayman) V, L.P., Insight Venture Partners V (Employee Co-Investors), L.P., Insight Venture Partners V Coinvestment Fund, L.P., Insight
Venture Partners IV, L.P., Insight Venture Partners IV (Fund B), L.P., Insight Venture Partners (Cayman) IV, L.P., Insight Venture Partners IV (Co-Investors), L.P. and their respective Affiliates. 
 (t) “IPO” means an initial public offering of the Stock registered under the Securities Act pursuant to an effective
registration statement. 
 (u) “IPO Date” means the effective date of the registration statement for the IPO.

 (v) “Lock-Up Period” shall have the meaning set forth in Section 8(a) below. 
 (w) “Option” means a conditional right, granted to a Participant under Section 5 hereof, to purchase Stock at a
specified price during specified time periods. 
 (x) “Option Agreement” means a written agreement between
the Company and a Participant evidencing the terms and conditions of an individual Option grant. 
 (y)
“Participant” means an Eligible Person who has been granted an Award under the Plan, or if applicable, such other person or entity who holds an Award. 
  

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 (z) “Person” means any individual, corporation, limited liability
company, partnership, firm, joint venture, association, joint stock company, trust, unincorporated organization, or other entity. 
 (aa) “Plan” means this SolarWinds.Net, Inc. Stock Incentive Plan. 
 (bb) “Prime
Rate” shall mean the rate from time to time published in the “Money Rates” section of The Wall Street Journal as being the “Prime Rate” (or, if more than one rate is published as the Prime Rate, then the highest
of such rates). 
 (cc) “Restricted Stock” means Stock granted to a Participant under Section 6 hereof
that is subject to certain restrictions and to a risk of forfeiture. 
 (dd) “Restricted Stock Agreement”
means a written agreement between the Company and a Participant evidencing the terms and conditions of an individual Restricted Stock grant. 
 (ee) “Repurchase Price” means: 
 (i) on or following a Participant’s
termination of employment or service, as applicable, other than by the Employer for Cause, an amount equal to the Fair Market Value of the Stock on the date of repurchase; or 
 (ii) on or following a Participant’s termination of employment or service, as applicable, by the Employer for Cause, the lesser of
(A) the original purchase price paid for such shares of Stock, and (B) the Fair Market Value of the Stock on the date of repurchase. 
 (ff) “Repurchase Right Lapse Date” shall mean the earliest to occur of (i) the IPO Date, (ii) a Change in Control resulting in the Stock being listed on a national securities exchange or the
Nasdaq National Market System, or (iii) the seven (7) year anniversary of the Effective Date. 
 (gg)
“Securities Act” means the Securities Act of 1933, as amended from time to time, including rules thereunder and successor provisions and rules thereto. 
 (hh) “Stock” means the Company’s common stock, $0.001 par value, and such other securities as may be substituted for
Stock pursuant to Section 10 hereof. 
 (ii) “Subsidiary” means any Person of which (i) a majority
of the outstanding share capital, voting securities or other equity interests are owned, directly or indirectly, by the Company, or (ii) the Company is entitled, directly or indirectly, to appoint a majority of the board of directors, board of
managers or comparable body of such Person. 
 3. Administration. 
 (a) Authority of the Committee. Except as otherwise provided below, the Plan shall be administered by the Committee. The Committee
shall have full and final authority, in each case subject to and consistent with the provisions of the Plan, to (i) select Eligible Persons to become 

  

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Participants; (ii) grant Awards; (iii) determine the type, number of shares of Stock subject to, and other terms and conditions of, and all other
matters relating to, Awards; (iv) prescribe Award agreements (which need not be identical for each Participant) and rules and regulations for the administration of the Plan; (v) construe and interpret the Plan and Award agreements and
correct defects, supply omissions, or reconcile inconsistencies therein; and (vi) make all other decisions and determinations as the Committee may deem necessary or advisable for the administration of the Plan. The foregoing notwithstanding,
the Board shall perform the functions of the Committee for purposes of granting Awards under the Plan to nonnemployee directors. In any case in which the Board is performing a function of the Committee under the Plan, each reference to the Committee
herein shall be deemed to refer to the Board, except where the context otherwise requires. Any action of the Committee shall be final, conclusive and binding on all persons, including, without limitation, the Company, its Affiliates, Eligible
Persons, Participants and beneficiaries of Participants. 
 (b) Delegation. The Committee may delegate to officers or
employees of the Company or any of its Affiliates, or committees thereof, the authority, subject to such terms as the Committee shall determine, to perform such functions, including but not limited to administrative functions, as the Committee may
determine appropriate. The Committee may appoint agents to assist it in administering the Plan. Notwithstanding the foregoing or any other provision of the Plan to the contrary, any Award granted under the Plan to any person or entity who is not an
employee of the Company or any of its Affiliates shall be expressly approved by the Committee. 
 (c)
Section 409A. The Committee shall take into account compliance with Section 409A of the Code in connection with any grant of an Award under the Plan, to the extent applicable. 
 4. Shares Available Under the Plan. 
 (a) Number of Shares Available for Delivery. Subject to adjustment as provided in Section 10 hereof, the total number of shares of Stock reserved and available for delivery in connection with Awards under
the Plan shall be 4,500,000 Shares of Stock delivered under the Plan shall consist of authorized and unissued shares or previously issued shares of Stock reacquired by the Company on the open market or by private purchase. 
 (b) Share Counting Rules. The Committee may adopt reasonable counting procedures to ensure appropriate counting, avoid double
counting (as, for example, in the case of tandem or substitute awards) and make adjustments if the number of shares of Stock actually delivered differs from the number of shares previously counted in connection with an Award. To the extent that an
Award expires or is canceled, forfeited, settled in cash or otherwise terminated or concluded without a delivery to the Participant of the full number of shares to which the Award related, the undelivered shares will again be available for grant.
Shares withheld in payment of the exercise price or taxes relating to an Award and shares equal to the number surrendered in payment of any exercise price or taxes relating to an Award shall be deemed to constitute shares not delivered to the
Participant and shall be deemed to again be available for Awards under the Plan; provided, however, that, where shares are withheld or surrendered more than ten years after the date of the most recent stockholder approval of the Plan
or any other transaction occurs that would result in 

  

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shares becoming available under this Section 4(b), such shares shall not become available if and to the extent that it would constitute a material
revision of the Plan subject to stockholder approval under then applicable roles of the national securities exchange on which the Stock is listed or the Nasdaq National Market System, as applicable. 
 5. Options. 
 (a) General. Options may be granted to Eligible Persons in such form and having such terms and conditions as the Committee shall deem appropriate. The provisions of separate Options shall be set forth in an Option Agreement, which
agreements need not be identical. 
 (b) Term. The term of each Option shall be set by the Committee at the time of
grant; provided, however, that no Option granted hereunder shall be exercisable after the expiration often (10) years from the date it was granted. 
 (c) Exercise Price. The exercise price per share of Stock for each Option shall beset by the Committee at the time of grant but
shall not be less than the Fair Market Value of a share of Stock on the date of grant. 
 (d) Payment for Stock.
Payment for shares of Stock acquired pursuant to Options granted hereunder shall be made in full, upon exercise of the Options: (i) in immediately available funds in United States dollars, or by certified or bank cashier’s check;
(ii) by surrender to the Company of shares of Stock which (A) have been held by the Participant for at least six-months, or (B) were acquired from a person other than the Company; (iii) by a combination of (i) and (ii); or
(iv) by any other means approved by the Committee. Anything herein to the contrary notwithstanding, the Company shall not directly or indirectly extend or maintain credit, or arrange for the extension of credit, in the form of a personal loan
to or for any director or executive officer of the Company through the Plan in violation of Section 402 of the Sarbanes-Oxley Act of 2002 (“Section 402 of SOX”), and to the extent that any form of payment would, in the opinion
of the Company’s counsel, result in a violation of Section 402 of SOX, such form of payment shall not be available. 
 (e) Vesting. Options shall vest and become exercisable in such manner, on such date or dates, or upon the achievement of performance or other conditions, in each case, as may be determined by the Committee and set forth in the Option
Agreement; provided, however, that notwithstanding any such vesting dates, the Committee may in its sole discretion accelerate the vesting of any Option, which acceleration shall not affect the terms and conditions of any such Option
other than with respect to vesting. Unless otherwise specifically determined by the Committee or provided in the Option Agreement, the vesting of an Option shall occur only while the Participant is employed or rendering services to the Employer, and
all vesting shall cease upon a Participant’s termination of employment or services with the Employer for any reason. If an Option is exercisable in installments, such installments or portions thereof which become exercisable shall remain
exercisable until the Option expires. Notwithstanding anything to the contrary herein, the Committee may in its sole discretion permit a Participant to exercise an Option prior to the date upon which the shares of Stock subject to the Option have
become vested, provided that any such shares of Stock so purchased by the Participant shall be subject to a right of repurchase in favor of the Company until such time as such shares of Stock have vested in accordance with the terms of the Option.

  

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 (f) Transferability of Options. An Option shall not be transferable except by will
or by the laws of descent and distribution and shall be exercisable during the lifetime of the Participant only by the Participant. Notwithstanding the foregoing, Options shall be transferable to the extent provided in the Option Agreement or
otherwise determined by the Committee. Subject to applicable law, the Committee may in its sole discretion grant Options that may be transferred by instrument to an inter vivos or testamentary trust in which the Options are to be passed to
beneficiaries upon the death of the trustor (settlor) or by gift to Family Members. 
 (g) Termination of Employment or
Service. Except as may otherwise be provided by the Committee in the Option Agreement: 
 (i) If prior to the Expiration
Date, a Participant’s employment or service, as applicable, with the Employer terminates for any reason other than (A) by the Employer for Cause, or (B) by reason of the Participant’s death or Disability, (1) all vesting
with respect to the Options shall cease, (2) any unvested Options shall expire as of the date of such termination, and (3) any vested Options shall remain exercisable until the earlier of the Expiration Date or the date that is ninety
(90) days after the date of such termination. 
 (ii) If prior to the Expiration Date, a Participant’s employment or
service, as applicable, with the Employer terminates by reason of such Participant’s death or Disability, (A) all vesting with respect to the Options shall cease, (B) any unvested Options shall expire as of the date of such
termination, and (C) any vested Options shall expire on the earlier of the Expiration Date or the date that is twelve (12) months after the date of such termination due to death or Disability of the Participant. In the event of a
Participant’s death, the Options shall remain exercisable by the person or persons to whom a Participant’s rights under the Options pass by will or the applicable laws of descent and distribution until its expiration, but only to the
extent the Options were vested by such Participant at the time of such termination due to death. 
 (iii) If prior to the
Expiration Date, a Participant’s employment or service, as applicable, with the Employer is terminated by the Employer for Cause, all Options (whether or not vested) shall immediately expire as of the date of such termination. 
 6. Restricted Stock. 
 (a) General. Restricted Stock granted hereunder shall be in such form and shall contain such terms and conditions as the Committee shall deem appropriate. The terms and conditions of each Restricted Stock grant
shall be evidenced by a Restricted Stock Agreement, which agreements need not be identical. Subject to the restrictions set forth in Section 6(b), except as otherwise set forth in the applicable Restricted Stock Agreement, the Participant shall
generally have the rights and privileges of a stockholder as to such Restricted Stock, including the right to vote such Restricted Stock. At the discretion of the Committee, cash dividends and stock dividends, if any, with respect to the Restricted
Stock may be either currently paid to the Participant or withheld by the Company for the Participant’s account. A Participant’s Restricted Stock Agreement may 

  

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provide that cash dividends or stock dividends so withheld shall be subject to forfeiture to the same degree as the shares of Restricted Stock to which they
relate. Except as otherwise determined by the Committee, no interest will accrue or be paid on the amount of any cash dividends withheld. 
 (b) Restrictions on Transfer. In addition to any other restrictions set forth in a Participant’s Restricted Stock Agreement, until such time that the Restricted Stock has vested pursuant to the terms of
the Restricted Stock Agreement, which vesting the Committee may in its sole discretion accelerate at any time, the Participant shall not be permitted to sell, transfer, pledge, or otherwise encumber the Restricted Stock. Notwithstanding anything
contained herein to the contrary, the Committee shall have the authority to remove any or all of the restrictions on the Restricted Stock whenever it may determine that, by reason of changes in applicable laws or other changes in circumstances
arising after the date of the Restricted Stock Award, such action is appropriate. 
 (c) Certificates. Restricted Stock
granted under the Plan may be evidenced in such manner as the Committee shall determine. If certificates representing Restricted Stock are registered in the name of the Participant, the Committee may require that such certificates bear an
appropriate legend referring to the terms, conditions and restrictions applicable to such Restricted Stock, that the Company retain physical possession of the certificates, and that the Participant deliver a stock power to the Company, endorsed in
blank, relating to the Restricted Stock. Notwithstanding the foregoing, the Committee may determine, in its sole discretion, that the Restricted Stock shall be held in book entry form rather than delivered to the Participant pending the release of
the applicable restrictions. 
 (d) Termination of Employment or Service. Except as may otherwise be provided by the
Committee in the Restricted Stock Agreement, if, prior to the time that the Restricted Stock has vested, a Participant’s employment or service, as applicable, terminates for any reason, (i) all vesting with respect to the Restricted Stock
shall cease, and (ii) as soon as practicable following such termination, the Company shall repurchase from the Participant, and the Participant shall sell, any unvested shares of Restricted Stock at a purchase price equal to the original
purchase price paid for the Restricted Stock, or if the original purchase price is equal to $0, such unvested shares of Restricted Stock shall be forfeited by the Participant to the Company for no consideration as of the date of such termination.

 7. Other Stock Based Awards. The Committee is authorized, subject to limitations under applicable law, to grant to
Participants such other Awards that may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related to, Stock, as deemed by the Committee to be consistent with the purposes of the Plan. 
 8. Restrictions on Stock. 
 (a) Prohibition on Transfers. Except as otherwise approved by the Committee, or pursuant to subsections (b) or (c) below, shares of Stock acquired by a Participant pursuant to the vesting and/or
exercise of any Award granted hereunder may not be sold, transferred or otherwise disposed of prior to the one hundred eightieth (180th) day following the IPO Date (the “Lock-Up Period”). If requested by the underwriters
managing any IPO, each Participant shall execute a 

  

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separate agreement to the foregoing effect. The Company may impose stop transfer instructions with respect to the Stock (or securities) subject to the
foregoing restriction until the end of such period. 
 (b) Drag-Along Rights. 
 (i) If the Investors are proposing to sell to one or more third parties fifty percent (50%) or more of the number of shares of Stock
beneficially owned by them on any date of determination, the Investors shall have the right to require each Participant to sell in such sale, in accordance with the immediately following sentence hereof, all or a portion of such Participant’s
shares of Stock received in connection with an Award granted hereunder. In the event that the Investors require the Participants to sell all or a portion of their shares of Stock pursuant to this Section 8(b), such Participants shall be
required to include in such sale an amount of shares of Stock equal to the aggregate number of shares of Stock owned by such Participant as of the date of the proposed sale, multiplied by a fraction, the numerator of which shall be the number of
Company Securities that the Investors are proposing to sell in such sale, and the denominator of which is the aggregate number of Company Securities owned by the Investors, in each case, as of the date of the proposed sale. A Participant required to
sell any shares of Stock pursuant to this Section 8(b), shall be entitled to receive in exchange therefor the purchase price per share of Stock received by the Investors with respect to their shares of Stock in such transaction (less, in the
case of Options or similar convertible securities, the exercise or purchase price thereof); provided, however, that if the Investors’ Company Securities include convertible preferred stock of the Company, such per share price
shall be calculated assuming conversion of all such preferred stock and after giving effect to any applicable liquidation preference to all holders of such preferred stock. The purchase price paid for any shares of stock sold pursuant to this
Section 8(b) shall be payable in the same form of consideration as received by the Investors, or in the discretion of the Board, such other consideration as the Board deems equitably appropriate. 
 (ii) To exercise the rights granted under this Section 8(b), the Investors shall give each Participant a written notice, not less
than fifteen (15) days prior to the proposed sale, containing (i) the name and address of the proposed transferee(s) and (ii) the proposed purchase price with respect to the shares of Stock, terms of payment and other material terms
and conditions of the offer of the proposed transferee(s), including the expected closing date of the sale. Each Participant shall thereafter be obligated to sell his or her shares of Stock to the proposed transferee(s) or vote his or her shares of
Stock in favor of the proposed transaction, as the case may be, in accordance with Section 8(b)(i) above. 
 (iii)
Notwithstanding anything contained in this Section 8(b), in the event that all or a portion of the purchase price for the shares of Stock being purchased consists of securities and the sale of such securities to any Participant would, by virtue
of the fact that such Participant is not an “accredited investor” (within the meaning of Rule 501(a) under the Securities Act), require either a registration under the Securities Act or the preparation of a disclosure document pursuant to
Regulation D under the Securities Act (or any successor regulation) or a similar provision of any state securities law, then, at the option of the Investors, anyone or more of such Participants may receive, in lieu of such securities, the Fair
Market Value of such securities in cash, as determined in good faith by the Board. 
  

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 (iv) For these purposes of this Section 8(b), the term “Stock” shall be
deemed to include any Awards granted hereunder. 
 (c) Repurchase Rights upon Termination of Employment. 
 (i) If, prior to the Repurchase Right Lapse Date, a Participant’s employment or service with the Employer terminates for any reason
then, at any time during the one (1) year period following such Participant’s termination of employment or, in the case of Options or other Awards subject to exercise following termination of employment or service, the one (1) year
period following the date of such exercise, the Company shall have the right to repurchase the shares of Stock received pursuant to Awards granted hereunder at a per share price equal to the Repurchase Price (the “Repurchase
Right”). The Repurchase Right shall be exercisable upon written notice to a Participant indicating the number of shares of Stock to be repurchased and the date on which the repurchase is to be effected, such date to be not more than thirty
(30) days after the date of such notice. The certificates representing the shares of Stock to be repurchased shall be delivered to the Company prior to the close of business on the date specified for the repurchase. 
 (ii) If the Company exercises the Repurchase Right following a Participant’s termination of employment or service, as applicable,
other than (A) by the Employer for Cause or (B) by a Participant’s voluntary resignation, the aggregate Repurchase Price shall be paid in a lump-sum at the time of repurchase. 
 (iii) If the Company exercises the Repurchase Right following a Participant’s termination of employment or service, as applicable,
(A) by the Employer for Cause or (B) by such Participant, the Company shall be permitted to issue a promissory Note equal to the aggregate Repurchase Price in lieu of a cash payment; provided, however, that such promissory
note shall have a maturity date that does not exceed three years from the date of such repurchase, shall bear simple interest of not less than the Prime Rate in effect on the date of such repurchase, and shall be payable as to interest in equal
monthly installments during the term of the note and as to principal on the maturity date. The Company shall be permitted to assign the Repurchase Right to the Investors or any of its Affiliates that are stockholders of the Company at the time of
such assignment. 
 9. Competitive Activities. Notwithstanding anything contained in the Plan to the contrary, in the
event that a Participant engages in any Competitive Activity during the term of such Participant’s employment or service with the Employer or during the six (6) month period following such Participant’s termination of employment or
service with the Employer for any reason, the Committee may determine, in its sole discretion, to (a) require all Awards held by such Participant to be immediately forfeited and returned to the Company without additional consideration,
(b) require all shares of Stock acquired upon the vesting and/or exercise of Awards within the twelve (12) month period prior to the date of such Competitive Activity to be immediately forfeited and returned to the Company without
additional consideration, and (c) to the extent that such Participant received any profit from the sale of any Stock underlying an Award within the twelve (12) month period prior to the date of such Competitive Activity, require that such
Participant promptly repay to the Company any profit received pursuant to such sale. 
  

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 10. Adjustment for Recapitalization, Merger, Etc. 
 (a) Capitalization Adjustment. The aggregate number of shares of Stock which may be granted or purchased pursuant to Awards granted
hereunder, the number of shares of Stock covered by each outstanding Award, and the price per share thereof in each such Award shall be equitably and proportionally adjusted or substituted, as determined by the Committee in good faith and in its
sole discretion, as to the number, price or kind of a share of Stock or other consideration subject to such Awards or as otherwise determined by the Committee in good faith to be fair and equitable (i) in the event of changes in the outstanding
Stock or in the capital structure of the Company by reason of stock dividends, stock splits, reverse stock splits, recapitalizations, reorganizations, mergers, consolidations, combinations, exchanges, or other relevant changes in capitalization
occurring after the date of grant of any such Award; (ii) in the event of any change in applicable laws or any change in circumstances which results in or would result in any substantial dilution or enlargement of the rights granted to, or
available for, Participants in the Plan; or (iii) for any other reason which the Committee determines, in its sale discretion and acting in good faith, to otherwise warrant equitable adjustment. 
 (b) Corporate Events. Notwithstanding the foregoing, except as may otherwise be provided in an Award agreement, in the event of
(i) a merger or consolidation involving the Company in which the Company is not the surviving corporation; (ii) a merger or consolidation involving the Company in which the Company is the surviving corporation but the holders of shares of
Stock receive securities of another corporation and/or other property, including cash; (iii) a Change in Control; or (iv) the reorganization or liquidation of the Company (each, a “Corporate Event”), in lieu of providing
the adjustment set forth in subsection (a) above, the Committee may, in its discretion, provide that all outstanding Awards shall terminate as of the consummation of such Corporate Event, and provide that holders of Awards will receive a
payment in respect of cancellation of their Awards based on the amount of the per share consideration being paid for the Stock in connection with such Corporate Event, less, in the case of Options and other Awards subject to exercise, the applicable
exercise price. Payments to holders pursuant to the preceding sentence shall be made in cash, or, in the sole discretion of the Committee, in such other consideration necessary for a holder of an Award to receive property, cash or securities as such
holder would have been entitled to receive upon the occurrence of the transaction if the holder had been, immediately prior to such transaction, the holder of the number of shares of Stock covered by the Award at such time; provided, that if
such consideration received in the transaction is not solely equity securities of the successor entity, the Committee may, with the consent of the successor entity, provide for the consideration to be received in respect of the Award to be solely
equity securities of the successor entity equal to the Fair Market Value of the per share consideration received by holders of Stock in the Corporate Event. 
 (c) Fractional Shares. Any such adjustment may provide for the elimination of any fractional share which might otherwise become
subject to an Award. 
 11. Use of Proceeds. The proceeds received from the sale of Stock pursuant to the Plan shall be
used for general corporate purposes. 
  

 -11- 

 12. Rights and Privileges as a Stockholder. Except as otherwise specifically provided in
the Plan, no person shall be entitled to the rights and privileges of stock ownership in respect of shares of Stock which are subject to Awards hereunder until such shares have been issued to that person. 
 13. Employment or Service Rights. No individual shall have any claim or right to be granted an Award under the Plan or, having been
selected for the grant of an Award, to be selected for a grant of any other Award. Neither the Plan nor any action taken hereunder shall be construed as giving any individual any right to be retained in the employ or service of the Company or an
Affiliate of the Company. 
 14. Compliance with Laws. The obligation of the Company to deliver Stock upon vesting and/or
exercise of any Award be subject to all applicable laws, rules, and regulations, and to such approvals by governmental agencies as may be required. Notwithstanding any terms or conditions of any Award to the contrary, the Company shall be under no
obligation to offer to sell or to sell and shall be prohibited from offering to sell or selling any shares of Stock pursuant to an Award unless such shares have been properly registered for sale pursuant to the Securities Act with the Securities and
Exchange Commission or unless the Company has received an opinion of counsel, satisfactory to the Company, that such shares may be offered or sold without such registration pursuant to an available exemption therefrom and the terms and conditions of
such exemption have been fully complied with. The Company shall be under no obligation to register for sale or resale under the Securities Act any of the shares of Stock to be offered or sold under the Plan or any shares of Stock issued upon
exercise or settlement of Awards. If the shares of Stock offered for sale or sold under the Plan are offered or sold pursuant to an exemption from registration under the Securities Act, the Company may restrict the transfer of such shares and may
legend the Stock certificates representing such shares in such manner as it deems advisable to ensure the availability of any such exemption. 
 15. Withholding Obligations. As a condition to the vesting and/or exercise of any Award, the Committee may require that a Participant satisfy, through deduction or withholding from any payment of any kind otherwise due to the
Participant, or through such other arrangements as are satisfactory to the Committee, the minimum amount of all Federal, state and local income and other taxes of any kind required or permitted to be withheld in connection with such vesting and/or
exercise. The Committee, in its discretion, may permit shares of Stock to be used to satisfy tax withholding requirements and such shares shall be valued at their Fair Market Value as of the settlement date of the Award; provided,
however, that the aggregate Fair Market Value of the number of shares of Stock that may be used to satisfy tax withholding requirements may not exceed the minimum statutory required withholding amount with respect to such Award. 

16. Amendment of the Plan or Awards. 
 (a) Amendment of Plan. The Board at any time, and from time to time, may amend the Plan; provided, however, that without stockholder approval, the Board shall not make any amendment to the Plan
which would increase the maximum number of shares of Stock which may be issued pursuant to Awards under the Plan, except as contemplated by Section 10 hereof, or, following the IPO Date, which would otherwise violate the stockholder approval
requirements of the national securities exchange on which the Stock is listed or the Nasdaq National Market System, as applicable. 
  

 -12- 

 (b) No Impairment of Rights. Rights under any Award granted before amendment of
the Plan shall not be impaired by any amendment of the Plan unless the Participant consents in writing. 
 (c) Amendment of
Awards. The Committee, at any time, and from time to time, may amend the terms of anyone or more Awards; provided, however, that the rights under any Award shall not be impaired by any such amendment unless the Participant consents
in writing. 
 17. Termination or Suspension of the Plan. The Board may suspend or terminate the Plan at any time. Unless
sooner terminated, the Plan shall terminate on the day before the tenth (10th) anniversary of the date the Plan is adopted by the Board. No Awards may be granted under the Plan while the Plan is suspended or after it is terminated. 

18. Effective Date of the Plan. The Plan is effective as of the Effective Date. 
 19. Miscellaneous. 
 (a) Participants Outside of the United States. The Committee may modify the terms of any Award under the Plan made to or held by a Participant who is then a resident or primarily employed outside of the United States in any manner
deemed by the Committee to be necessary or appropriate in order that such Award shall conform to laws, regulations and customs of the country in which the Participant is then a resident or primarily employed, or so that the value and other benefits
of the Award to the Participant, as affected by foreign tax laws and other restrictions applicable as a result of the Participant’s residence or employment abroad, shall be comparable to the value of such Award to a Participant who is a
resident or primarily employed in the United States. An Award may be modified under this Section 19(a) in a manner that is inconsistent with the express terms of the Plan, so long as such modifications will not contravene any applicable law or
regulation or result in actual liability under Section 16(b) of the Exchange Act for the Participant whose Award is modified. 
 (b) No Liability of Committee Members. No member of the Committee shall be personally liable by reason or any contract or other instrument executed by such member or on his or her behalf in his or her capacity as a member of the
Committee nor for any mistake of judgment made in good faith, and the Company shall indemnify and hold harmless each member of the Committee and each other employee, officer or director of the Company to whom any duty or power relating to the
administration or interpretation of the Plan may be allocated or delegated, against any cost or expense (including counsel fees) or liability (including any sum paid in settlement of a claim) arising out of any act or omission to act in connection
with the Plan unless arising out of such person’s own fraud or willful bad faith; provided, however, that approval of the Board shall be required for the payment of any amount in settlement of a claim against any such person. The
foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company’s certificate or articles of incorporation or by-laws, each as may be amended from time to
time, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 
  

 -13- 

 (c) Payments Following Accidents or Illness. If the Committee shall find that any
person to whom any amount is payable under the Plan is unable to care for his or her affairs because of illness or accident, or is a minor, or has died, then any payment due to such person or his or her estate (unless a prior claim therefor has been
made by a duly appointed legal representative) may, if the Committee so directs the Company, be paid to his or her spouse, child, relative, an institution maintaining or having custody of such person, or any other person deemed by the Committee to
be a proper recipient on behalf of such person otherwise entitled to payment. Any such payment shall be a complete discharge of the liability of the Committee and the Company therefor. 
 (d) Governing Law. The Plan shall be governed by and construed in accordance with the internal laws of the State of Oklahoma
without reference to the principles of conflicts of laws thereof. 
 (e) Funding. No provision of the Plan shall
require the Company, for the purpose of satisfying any obligations under the Plan, to purchase assets or place any assets in a trust or other entity to which contributions are made or otherwise to segregate any assets, nor shall the Company maintain
separate bank accounts, books, records or other evidence of the existence of a segregated or separately maintained or administered fund for such purposes. Participants shall have no rights under the Plan other than as unsecured general creditors of
the Company, except that insofar as they may have become entitled to payment of additional compensation by performance of services, they shall have the same rights as other employees under general law. 
 (f) Reliance on Reports. Each member of the Committee and each member of the Board shall be fully justified in relying, acting or
failing to act, and shall not be liable for having so relied, acted or failed to act in good faith, upon any report made by the independent public accountant of the Company and its Affiliates and upon any other information furnished in connection
with the Plan by any person or persons other than such member. 
 (g) Titles and Headings. The titles and headings of
the sections in the Plan are for convenience of reference only, and in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control. 
  

 -14-Form of Stock Option Agreement under Stock Incentive Plan- Standard Form

 Exhibit 10.3A 
 SOLARWINDS, INC. 
 STOCK INCENTIVE PLAN 
 STOCK OPTION AGREEMENT 
 Unless
otherwise defined herein, the terms defined in the Stock Incentive Plan (the “Plan”) shall have the same defined meanings in this Stock Option Agreement (the “Option Agreement”). 
  

	I.	NOTICE OF STOCK OPTION GRANT 

  

			
	Name:	  	«Name»
	Address:	  	___________________________________
		
		  	___________________________________

 The undersigned Participant has been granted an Option to purchase common stock of the Company,
subject to the terms and conditions of the Plan and this Option Agreement, as follows: 
  

			
	 Date of Grant
	  	«Date»
		
	 Vesting Commencement Date
	  	«VCD»
		
	 Exercise Price per share of Stock
	  	$«Price»
		
	 Total Number of shares of Stock Granted
	  	«Shares»
		
	 Total Exercise Price
	  	$«Total»
		
	 Type of Option:
	  	             Incentive Stock Option
		
		  	             Nonstatutory Stock Option
		
	 Term/Expiration Date:
	  	«Date»
		
	 Vesting Schedule:
	  	

 This Option shall be exercisable, in whole or in part, according to the following vesting
schedule: 
 One fourth (1/4th
) of the shares of Stock subject to the Option shall vest on the one (1) year anniversary of the Vesting Commencement Date, and one forty-eighth (1/48th) of the shares of Stock subject to the Option shall vest each month thereafter on the same day of the month as the Vesting Commencement Date (and if there is no corresponding
day, on the last day of the month), subject to Participant’s continuing service or employment with the Employer through each such date. 

 Termination Period: 
 This Option shall be exercisable for ninety (90) days after Participant ceases service or employment with the Employer for reasons other than Cause, death or Disability. If Participant’s employment or
service with the Employer is terminated due to Participant’s death or Disability, this Option may be exercised for twelve (12) months after Participant ceases service or employment with the Employer. If the Employer terminates
Participant’s employment or service for Cause, this Option (whether vested or unvested) shall immediately terminate as of the date of such termination. Notwithstanding the foregoing, in no event may this Option be exercised after the
Term/Expiration Date as provided above and may be subject to earlier termination as provided in Section 10(b) of the Plan. 
  

	II.	AGREEMENT 

 1. Grant of Option. The
Plan administrator of the Company hereby grants to the Participant named in the Notice of Grant (“Participant”) an option (the “Option”) to purchase the number of shares of Stock set forth in the Notice of Grant, at the exercise
price per share of Stock set forth in the Notice of Grant (the “Exercise Price”), and subject to the terms and conditions of the Plan, which is incorporated herein by reference. Subject to Section 16(c) of the Plan, in the event of a
conflict between the terms and conditions of the Plan and this Option Agreement, the terms and conditions of the Plan shall prevail. 
 If
designated in the Notice of Grant as an incentive stock option (“ISO”), this Option is intended to qualify as an incentive stock option as defined in Section 422 of the Code. Nevertheless, to the extent that it exceeds the $100,000
rule of Code Section 422(d), this Option shall be treated as a nonstatutory stock option (“NSO”). 
 2. Exercise of
Option. 
 (a) Right to Exercise. This Option shall be exercisable during its term in accordance with the Vesting
Schedule set out in the Notice of Grant and with the applicable provisions of the Plan and this Option Agreement. 
 (b)
Method of Exercise. This Option shall be exercisable by delivery of an exercise notice in the form attached as Exhibit A (the “Exercise Notice”) or in a manner and pursuant to such procedures as the Plan administrator
may determine, which shall state the election to exercise the Option, the number of shares of Stock with respect to which the Option is being exercised, and such other representations and agreements as may be required by the Company. The Exercise
Notice shall be accompanied by payment of the aggregate Exercise Price as to all exercised shares of Stock, together with any applicable tax withholding. This Option shall be deemed to be exercised upon receipt by the Company of such fully executed
Exercise Notice accompanied by the aggregate Exercise Price, together with any applicable tax withholding. 
 No shares of
Stock shall be issued pursuant to the exercise of an Option unless such issuance and such exercise comply with the requirements relating to the administration of equity compensation plans under U.S. state corporate laws, U.S. federal and state
securities laws, the Internal Revenue Code of 1986, as amended, any stock exchange or quotation system on which the 

  

 -2- 

 
Stock is listed or quoted and the applicable laws of any other country or jurisdiction where Awards are granted under the Plan (“Applicable Laws”).
Assuming such compliance, for income tax purposes the shares of Stock shall be considered transferred to Participant on the date on which the Option is exercised with respect to such shares of Stock. 
 3. Participant’s Representations. In the event the shares of Stock have not been registered under the Securities Act of 1933, as amended, at
the time this Option is exercised, Participant shall, if required by the Company, concurrently with the exercise of all or any portion of this Option, deliver to the Company his or her Investment Representation Statement in the form attached hereto
as Exhibit B. 
 4. Lock-Up Period. Participant hereby agrees that Participant shall not offer, pledge, sell, contract to
sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any common stock (or other securities) of the
Company or enter into any swap, hedging or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any common stock (or other securities) of the Company held by Participant (other than those
included in the registration) for a period specified by the representative of the underwriters of common stock (or other securities) of the Company not to exceed one hundred eighty (180) days following the effective date of any registration
statement of the Company filed under the Securities Act (or such other period as may be requested by the Company or the underwriters to accommodate regulatory restrictions on (i) the publication or other distribution of research reports and
(ii) analyst recommendations and opinions, including, but not limited to, the restrictions contained in NASD Rule 2711(f)(4) or NYSE Rule 472(f)(4), or any successor provisions or amendments thereto). 
 Participant agrees to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriter which are consistent
with the foregoing or which are necessary to give further effect thereto. In addition, if requested by the Company or the representative of the underwriters of common stock (or other securities) of the Company, Participant shall provide, within ten
(10) days of such request, such information as may be required by the Company or such representative in connection with the completion of any public offering of the Company’s securities pursuant to a registration statement filed under the
Securities Act. The obligations described in this Section 4 shall not apply to a registration relating solely to employee benefit plans on Form S-1 or Form S-8 or similar forms that may be promulgated in the future, or a registration relating
solely to a Commission Rule 145 transaction on Form S-4 or similar forms that may be promulgated in the future. The Company may impose stop-transfer instructions with respect to the shares of common stock (or other securities) subject to the
foregoing restriction until the end of said one hundred eighty (180) day (or other) period. Participant agrees that any transferee of the Option or shares acquired pursuant to the Option shall be bound by this Section 4. 
 5. Method of Payment. Payment of the aggregate Exercise Price shall be by any of the following, or a combination thereof, at the election of
Participant: 
 (a) cash, certified check or banker’s check; 
 (b) consideration received by the Company under a formal cashless exercise program adopted by the Company in connection with the Plan; or

  

 -3- 

 (c) surrender of other shares of Stock which, (i) in the case of shares of Stock
acquired from the Company, either directly or indirectly, have been owned by Participant, and not subject to a substantial risk of forfeiture, for more than six (6) months on the date of surrender, and (ii) have a Fair Market Value on the
date of surrender equal to the aggregate Exercise Price of the exercised shares of Stock. 
 6. Restrictions on Exercise. This Option
may not be exercised until such time as the Plan has been approved by the stockholders of the Company, or if the issuance of such shares of Stock upon such exercise or the method of payment of consideration for such shares would constitute a
violation of any Applicable Law. 
 7. Non-Transferability of Option. This Option may not be transferred in any manner otherwise than
by will or by the laws of descent or distribution and may be exercised during the lifetime of Participant only by Participant. The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and
assigns of Participant. 
 8. Term of Option. This Option may be exercised only within the term set out in the Notice of Grant, and
may be exercised during such term only in accordance with the Plan and the terms of this Option. 
 9. Tax Obligations. 
 (a) Withholding Taxes. Participant agrees to make appropriate arrangements with the Company (or the Affiliate employing or
retaining Participant) for the satisfaction of all Federal, state, local and foreign income and employment tax withholding requirements applicable to the Option exercise. Participant acknowledges and agrees that the Company may refuse to honor the
exercise and refuse to deliver shares of Stock if such withholding amounts are not delivered at the time of exercise. 
 (b)
Notice of Disqualifying Disposition of ISO Shares. If the Option granted to Participant herein is an ISO, and if Participant sells or otherwise disposes of any of the shares of Stock acquired pursuant to the ISO on or before the later of
(i) the date two (2) years after the Date of Grant, or (ii) the date one (1) year after the date of exercise, Participant shall immediately notify the Company in writing of such disposition. Participant agrees that Participant
may be subject to income tax withholding by the Company on the compensation income recognized by Participant. 
 (c) Code
Section 409A. Under Code Section 409A, an Option that vests after December 31, 2004 that was granted with an exercise price per share of Stock that is determined by the Internal Revenue Service (the “IRS”) to be less
than the fair market value of a share of Stock on the date of grant (a “discount option”) may be considered “deferred compensation.” An Option that is a “discount option” may result in (i) income recognition by
Participant prior to the exercise of the Option, (ii) an additional twenty percent (20%) tax, and (iii) potential penalty and interest charges. Participant acknowledges that the Company cannot and has not guaranteed that the IRS will
agree that the exercise price per share of Stock of this Option equals or exceeds the Fair Market Value of a share of Stock on the date of grant in a later examination. Participant agrees that if the IRS determines that the Option was granted with
an exercise price per share of Stock that was less than the Fair Market Value of a share of Stock on the date of grant, Participant shall be solely responsible for Participant’s costs related to such a determination. 
  

 -4- 

 10. Restrictions. This Option and the shares of Stock issued on exercise of this Option are
subject to the terms and limitations set forth in the Plan, including: (a) the Investors’ drag-along rights set forth in Section 8(b) of the Plan, (b) the Company’s rights in the event Participant engages in any Competitive
Activity during the term of Participant’s employment or service with the Employer or during the six (6) month-period following the termination of Participant’s employment or service with the Employer, as set forth in Section 9 of
the Plan, and (c) the Company’s repurchase rights upon Participant’s termination of employment or service with the Employer, as set forth in Section 8(c) of the Plan. 
 11. Entire Agreement; Governing Law. The Plan is incorporated herein by reference. The Plan and this Option Agreement constitute the entire
agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and Participant with respect to the subject matter hereof, and may not be modified adversely to
Participant’s interest except by means of a writing signed by the Company and Participant. This agreement is governed by the internal substantive laws but not the choice of law rules of Oklahoma. 
 12. No Guarantee of Continued Service. PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO THE VESTING SCHEDULE HEREOF IS
EARNED ONLY BY CONTINUING AS AN EMPLOYEE OR OTHER SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE AFFILIATE EMPLOYING OR RETAINING PARTICIPANT) AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS OPTION OR ACQUIRING SHARES HEREUNDER.
PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS OPTION AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS AN EMPLOYEE OR
SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE COMPANY (OR THE AFFILIATE EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE PARTICIPANT’S
RELATIONSHIP AS AN EMPLOYEE OR SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. 
  

 -5- 

 Participant acknowledges receipt of a copy of the Plan and represents that he or she is familiar with the
terms and provisions thereof, and hereby accepts this Option subject to all of the terms and provisions thereof. Participant has reviewed the Plan and this Option in their entirety, has had an opportunity to obtain the advice of counsel prior to
executing this Option and fully understands all provisions of the Option. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Plan administrator upon any questions arising under the Plan or
this Option. Participant further agrees to notify the Company upon any change in the residence address indicated below. 
  

					
	PARTICIPANT	 	SOLARWINDS, INC.
			
	  	 	        By:	 	  
	Signature	 		 	
			
	 	 	        Name:	 	 
	Print Name	 		 	
			
	 	 	        Title:	 	 
	Address	 		 	
			
	 	 		 	

  

 -6- 

 EXHIBIT A 
 STOCK INCENTIVE PLAN 
 EXERCISE NOTICE 
 SolarWinds, Inc. 
 IV Barton Skyway 
 1301 MoPac Expressway, Ste. 360 
 Austin, Texas 78746 
 Attention: Plan Administrator 
 1. Exercise of
Option. Effective as of today, _____________, _____, the undersigned (“Participant”) hereby elects to exercise Participant’s option to purchase _________ shares of the common stock (the “Shares”) of SolarWinds, Inc. (the
“Company”) under and pursuant to the Stock Incentive Plan (the “Plan”) and the Stock Option Agreement dated «Date» (the “Option Agreement”). 
 2. Delivery of Payment. Participant herewith delivers to the Company the full purchase price of the Shares, as set forth in the Option Agreement,
and any and all withholding taxes due in connection with the exercise of the Option. 
 3. Representations of Participant. Participant
acknowledges that Participant has received, read and understood the Plan and the Option Agreement and agrees to abide by and be bound by their terms and conditions, without limitation, the terms of Section 4 (“Lock-Up Period”) of the
Option Agreement. 
 4. Rights as Stockholder. Until the issuance of the Shares (as evidenced by the appropriate entry on the books of
the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder shall exist with respect to the Optioned Stock, notwithstanding the exercise of the Option. The Shares
shall be issued to Participant as soon as practicable after the Option is exercised in accordance with the Option Agreement. No adjustment shall be made for a dividend or other right for which the record date is prior to the date of issuance except
as provided in Section 10 of the Plan. 
 5. Company’s Right of First Refusal. Before any Shares held by Participant or any
transferee (either being sometimes referred to herein as the “Holder”) may be sold or otherwise transferred (including transfer by gift or operation of law), the Company or its assignee(s) shall have a right of first refusal to purchase
the Shares on the terms and conditions set forth in this Section 5 (the “Right of First Refusal”). 
 (a)
Notice of Proposed Transfer. The Holder of the Shares shall deliver to the Company a written notice (the “Notice”) stating: (i) the Holder’s bona fide intention to sell or otherwise transfer such Shares; (ii) the name
of each proposed purchaser or other transferee (“Proposed Transferee”); (iii) the number of Shares to be transferred to each Proposed Transferee; and (iv) the bona fide cash price or other consideration for which the Holder
proposes to transfer the Shares (the “Offered Price”), and the Holder shall offer the Shares at the Offered Price to the Company or its assignee(s). 

 (b) Exercise of Right of First Refusal. At any time within thirty (30) days
after receipt of the Notice, the Company and/or its assignee(s) may, by giving written notice to the Holder, elect to purchase all, but not less than all, of the Shares proposed to be transferred to any one or more of the Proposed Transferees, at
the purchase price determined in accordance with subsection (c) below. 
 (c) Purchase Price. The purchase price
(“Purchase Price”) for the Shares purchased by the Company or its assignee(s) under this Section 5 shall be the Offered Price. If the Offered Price includes consideration other than cash, the cash equivalent value of the non-cash
consideration shall be determined by the Board of Directors of the Company in good faith. 
 (d) Payment. Payment of
the Purchase Price shall be made, at the option of the Company or its assignee(s), in cash (by check), by cancellation of all or a portion of any outstanding indebtedness of the Holder to the Company (or, in the case of repurchase by an assignee, to
the assignee), or by any combination thereof within thirty (30) days after receipt of the Notice or in the manner and at the times set forth in the Notice. 
 (e) Holder’s Right to Transfer. If all of the Shares proposed in the Notice to be transferred to a given Proposed Transferee
are not purchased by the Company and/or its assignee(s) as provided in this Section 5, then the Holder may sell or otherwise transfer such Shares to that Proposed Transferee at the Offered Price or at a higher price, provided that such
sale or other transfer is consummated within one hundred and twenty (120) days after the date of the Notice, that any such sale or other transfer is effected in accordance with any applicable securities laws and that the Proposed Transferee
agrees in writing that the provisions of this Section 5 shall continue to apply to the Shares in the hands of such Proposed Transferee. If the Shares described in the Notice are not transferred to the Proposed Transferee within such period, a
new Notice shall be given to the Company, and the Company and/or its assignees shall again be offered the Right of First Refusal before any Shares held by the Holder may be sold or otherwise transferred. 
 (f) Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the transfer
of any or all of the Shares during Participant’s lifetime or on Participant’s death by will or intestacy to Participant’s immediate family or a trust for the benefit of Participant’s immediate family shall be exempt from the
provisions of this Section 5. “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares
so transferred subject to the provisions of this Section 5, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 5. 
 (g) Termination of Right of First Refusal. The Right of First Refusal shall terminate as to any Shares upon the earlier of
(i) the first sale of common stock of the Company to the general public or (ii) a Change in Control in which the successor corporation has equity securities that are publicly traded. 
  

 -2- 

 6. Tax Consultation. Participant understands that Participant may suffer adverse tax consequences
as a result of Participant’s purchase or disposition of the Shares. Participant represents that Participant has consulted with any tax consultants Participant deems advisable in connection with the purchase or disposition of the Shares and that
Participant is not relying on the Company for any tax advice. 
 7. Restrictive Legends and Stop-Transfer Orders. 
 (a) Legends. Participant understands and agrees that the Company shall cause the legends set forth below or legends substantially
equivalent thereto, to be placed upon any certificate(s) evidencing ownership of the Shares together with any other legends that may be required by the Company or by state or federal securities laws: 
 THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”) AND MAY NOT BE OFFERED, SOLD OR
OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER THE ACT OR, IN THE OPINION OF COUNSEL SATISFACTORY TO THE ISSUER OF THESE SECURITIES, SUCH OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION IS IN COMPLIANCE THEREWITH.

 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER AND A RIGHT OF FIRST REFUSAL HELD BY THE ISSUER
OR ITS ASSIGNEE(S) AS SET FORTH IN THE EXERCISE NOTICE BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH TRANSFER RESTRICTIONS AND RIGHT OF FIRST REFUSAL ARE
BINDING ON TRANSFEREES OF THESE SHARES. 
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER FOR A PERIOD OF
TIME FOLLOWING THE EFFECTIVE DATE OF THE UNDERWRITTEN PUBLIC OFFERING OF THE COMPANY’S SECURITIES SET FORTH IN AN AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES AND MAY NOT BE SOLD OR OTHERWISE DISPOSED OF BY THE HOLDER
PRIOR TO THE EXPIRATION OF SUCH PERIOD WITHOUT THE CONSENT OF THE COMPANY OR THE MANAGING UNDERWRITER. 
 (b) Stop-Transfer
Notices. Participant agrees that, in order to ensure compliance with the restrictions referred to herein, the Company may issue appropriate “stop transfer” instructions to its transfer agent, if any, and that, if the Company transfers
its own securities, it may make appropriate notations to the same effect in its own records. 
 (c) Refusal to
Transfer. The Company shall not be required (i) to transfer on its books any Shares that have been sold or otherwise transferred in violation of any of the provisions of this Exercise Notice or (ii) to treat as owner of such Shares or
to accord the right to vote or pay dividends to any purchaser or other transferee to whom such Shares shall have been so transferred. 
  

 -3- 

 8. Successors and Assigns. The Company may assign any of its rights under this Exercise Notice to
single or multiple assignees, and this Exercise Notice shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth, this Exercise Notice shall be binding upon Participant and his
or her heirs, executors, administrators, successors and assigns. 
 9. Interpretation. Any dispute regarding the interpretation of
this Exercise Notice shall be submitted by Participant or by the Company forthwith to the Plan administrator which shall review such dispute at its next regular meeting. The resolution of such a dispute by the Plan administrator shall be final and
binding on all parties. 
 10. Governing Law; Severability. This Exercise Notice is governed by the internal substantive laws but not
the choice of law rules, of Oklahoma. In the event that any provision hereof becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Exercise Notice shall continue in full force and effect. 

11. Entire Agreement. The Plan and Option Agreement are incorporated herein by reference. This Exercise Notice, the Plan, the Option Agreement
and the Investment Representation Statement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and Participant with respect to
the subject matter hereof, and may not be modified adversely to Participant’s interest except by means of a writing signed by the Company and Participant. 
  

							
	 Submitted by:
 PARTICIPANT
	 		 	 Accepted by:
 SOLARWINDS,
INC.

				
	  	 		 	By:	 	  
	Signature	 		 		 	
				
	«Name»	 		 	Name:	 	 
	Print Name	 		 		 	
		 		 	Title:	 	 
			
	Address:	 		 	Address:
			
	 	 		 	IV Barton Skyway
	 	 		 	 1301 MoPac Expressway, Ste. 360
 Austin,
Texas 78746

			
		 		 	 
		 		 	Date Received

  

 -4- 

 EXHIBIT B 
 INVESTMENT REPRESENTATION STATEMENT 
  

					
			
	PARTICIPANT:	  	«NAME»	  	 
			
	COMPANY:	  	SOLARWINDS, INC.	  	
			
	SECURITY:	  	COMMON STOCK	  	
			
	AMOUNT:	  	________________________	  	SHARES
			
	DATE:	  	________________________	  	

 In connection with the purchase of the above-listed Securities, the undersigned Participant
represents to the Company the following: 
 (a) Participant is aware of the Company’s business affairs and financial
condition and has acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire the Securities. Participant is acquiring these Securities for investment for Participant’s own account only and not
with a view to, or for resale in connection with, any “distribution” thereof within the meaning of the Securities Act of 1933, as amended (the “Securities Act”). 
 (b) Participant acknowledges and understands that the Securities constitute “restricted securities” under the Securities Act and
have not been registered under the Securities Act in reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of Participant’s investment intent as expressed herein. In this
connection, Participant understands that, in the view of the Securities and Exchange Commission, the statutory basis for such exemption may be unavailable if Participant’s representation was predicated solely upon a present intention to hold
these Securities for the minimum capital gains period specified under tax statutes, for a deferred sale, for or until an increase or decrease in the market price of the Securities, or for a period of one year or any other fixed period in the future.
Participant further understands that the Securities must be held indefinitely unless they are subsequently registered under the Securities Act or an exemption from such registration is available. Participant further acknowledges and understands that
the Company is under no obligation to register the Securities. Participant understands that the certificate evidencing the Securities shall be imprinted with any legend required under applicable state securities laws. 
 (c) Participant is familiar with the provisions of Rule 701 and Rule 144, each promulgated under the Securities Act, which, in
substance, permit limited public resale of “restricted securities” acquired, directly or indirectly from the issuer thereof, in a non-public offering subject to the satisfaction of certain conditions. Rule 701 provides that if the
issuer qualifies under Rule 701 at the time of the grant of the Option to Participant, the exercise shall be exempt from registration under the Securities Act. In the event the Company becomes subject to the reporting requirements of 

 
Section 13 or 15(d) of the Securities Exchange Act of 1934, ninety (90) days thereafter (or such longer period as any market stand-off agreement
may require) the Securities exempt under Rule 701 may be resold, subject to the satisfaction of certain of the conditions specified by Rule 144, including: (1) the resale being made through a broker in an unsolicited
“broker’s transaction” or in transactions directly with a market maker (as said term is defined under the Securities Exchange Act of 1934); and, in the case of an affiliate, (2) the availability of certain public information
about the Company, (3) the amount of Securities being sold during any three month period not exceeding the limitations specified in Rule 144(e), and (4) the timely filing of a Form 144, if applicable. 
 In the event that the Company does not qualify under Rule 701 at the time of grant of the Option, then the Securities may be resold
in certain limited circumstances subject to the provisions of Rule 144, which requires the resale to occur not less than one (1) year after the later of the date the Securities were sold by the Company or the date the Securities were
sold by an affiliate of the Company, within the meaning of Rule 144; and, in the case of acquisition of the Securities by an affiliate, or by a non-affiliate who subsequently holds the Securities less than two (2) years, the satisfaction
of the conditions set forth in sections (1), (2), (3) and (4) of the paragraph immediately above. 
 (d)
Participant further understands that in the event all of the applicable requirements of Rule 701 or 144 are not satisfied, registration under the Securities Act, compliance with Regulation A, or some other registration exemption shall be
required; and that, notwithstanding the fact that Rules 144 and 701 are not exclusive, the Staff of the Securities and Exchange Commission has expressed its opinion that persons proposing to sell private placement securities other than in a
registered offering and otherwise than pursuant to Rules 144 or 701 shall have a substantial burden of proof in establishing that an exemption from registration is available for such offers or sales, and that such persons and their respective
brokers who participate in such transactions do so at their own risk. Participant understands that no assurances can be given that any such other registration exemption shall be available in such event. 
  

	
	PARTICIPANT
	
	  
	«Name»
	
	 
	Date

  

 -2-

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