Document:

EX-4.6

 Exhibit 4.6 
 THIS WARRANT AND THE SHARES ISSUABLE HEREUNDER HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR THE SECURITIES LAWS OF ANY STATE AND, EXCEPT AND PURSUANT TO
THE PROVISIONS OF ARTICLE 5 BELOW, MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER SAID ACT AND APPLICABLE STATE SECURITIES LAW OR, IN THE OPINION OF LEGAL COUNSEL IN FORM AND SUBSTANCE
SATISFACTORY TO THE ISSUER OF THESE SECURITIES, SUCH OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION IS EXEMPT FROM REGISTRATION. 
 WARRANT TO PURCHASE STOCK 
 Company: FiftyOne, Inc., a Delaware corporation (f/k/a E4X,
Inc.) 
 Number of Shares: As set forth in Paragraph A below 
 Class of Stock: As set forth in Paragraph A below 
 Warrant Price: As set forth in Paragraph A
below 
 Issue Date: March 29, 2012 

Expiration Date: March 28, 2022 

			
	Credit Facility:	  	This Warrant is issued in connection with that certain Sixth Loan Modification Agreement, of even date herewith, to that certain Loan and Security Agreement dated September 17,
2009, as amended, between Silicon Valley Bank and the Company (as further amended and in effect from time to time, the “Loan Agreement”).

 THIS WARRANT CERTIFIES THAT, for good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, SILICON VALLEY BANK (Silicon Valley Bank, together with any successor or permitted assignee or transferee of this Warrant or of any shares issued upon exercise hereof, is referred to hereinafter as “Holder”) is
entitled to purchase the number of fully paid and non-assessable shares (the “Shares”) of the below stated Class and series of stock of the above-named company (the “Company”) at the below stated Warrant Price per Share, all as
set forth below and as adjusted pursuant to Article 2 of this Warrant, subject to the provisions and upon the terms and conditions set forth in this Warrant. 
  

	A.	Number and Class of Shares: Warrant Price. 

 (1) Certain Definitions. As used herein, the following definitions have the respective meanings set forth below: 
 “Acquisition” has the meaning given in Article 1.6.1 below. 

“IPO” means the Company’s initial, underwritten offering and sale of its shares to the public pursuant to an effective
registration statement under the Securities Act of 1933, as amended. 
 “Qualified Financing” means the first sale or
issuance by the Company on or after the Issue Date of this Warrant set forth above, in a single transaction or series of related transactions, of shares of its convertible preferred stock or other senior equity securities to one or more investors
for cash for financing purposes. 

  
 1 

 “Qualified Financing Securities” means the class and series of convertible
preferred stock or other senior equity security sold or issued by the Company in the Qualified Financing. 
 “Qualified
Financing Price” means the lowest price per share for which Qualified Financing Securities are sold or issued by the Company in the Qualified Financing. 
 “Series D Price” means $0.566761, as adjusted from time to time upon the occurrence of events described in Article 2 hereof that occur on or after the Issue Date hereof. 

“Series D Stock” shall mean the Company’s Series D Convertible Preferred Stock, $0.01 par value per share, and any
securities of the Company into or for which the outstanding shares of Series D Convertible Preferred Stock may be converted, reclassified, reorganized or exchanged. 
 (2) Class of Shares. The class and series of the Company’s capital stock for which this Warrant shall be exercisable (the “Class”) shall be Qualified Financing Securities;
provided, that if the Qualified Financing is not consummated, for any reason or no reason, on or before September 30, 2012, or if, prior to the consummation of the Qualified Financing, there shall be an Acquisition, IPO or any event
described in Article 3.2 below, then “Class” shall be Series D Stock from and after such date or as of immediately prior to the effectiveness of the registration statement filed in connection with the IPO, the closing of the Acquisition or
the effective date of such Article 3.2 event (and the record date thereof if the Company shall establish a record date for determining shareholders entitled to participate in such event), as the case may be; and in all cases subject to adjustment
from time to time in accordance with the provisions of this Warrant. 
 (3) Warrant Price. The purchase price per Share
hereunder (the “Warrant Price”) shall be the Qualified Financing Price; provided, that if the Qualified Financing is not consummated, for any reason or no reason, on or before September 30, 2012, or if, prior to the
consummation of the Qualified Financing, there shall be an Acquisition, IPO or any event described in Article 3.2 below, then the “Warrant Price” shall be the Series D Price from and after such date or as of immediately prior to the
effectiveness of the registration statement filed in connection with the IPO, the closing of the Acquisition or the effective date of such Article 3.2 event (and the record date thereof if the Company shall establish a record date for determining
shareholders entitled to participate in such event), as the case may be; and in all cases subject to adjustment from time to time in accordance with the provisions of this Warrant. 

(4) Number of Shares. This Warrant shall be exercisable for such number of shares (the “Shares”) of the applicable Class
(determined pursuant to Paragraph A(2) above) as shall equal (i) $80,000, divided by (ii) the applicable Warrant Price (determined pursuant to Paragraph A(3) above), subject to further adjustment thereafter from time to time in accordance
with the provisions of this Warrant. 
 ARTICLE 1. EXERCISE. 
 1.1 Method of Exercise. Holder may exercise this Warrant by delivering the original of this Warrant together with a duly executed Notice of Exercise in substantially the form attached as Appendix 1
to the principal office of the Company. Unless Holder is exercising 

  
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the conversion right set forth in Article 1.2, Holder shall alsp deliver to the Company a check, wire transfer (to an account designated by the Company), or other form of payment acceptable to
the Company for the aggregate Warrant Price for the Shares being purchased. 
 1.2 Conversion Right. In lieu of
exercising this Warrant as specified in Article 1.1, Holder may from time to time convert this Warrant, in whole or in part, into a number of Shares as is computed using the following formula: 

 

					
	X =	  	 Y(A-B)
	  	
		  	(A)	  	

 where: 

 

					
	X =	  	the number of shares of the Class to be issued to the Holder pursuant to this Article 1.2.
		
	Y =	  	the number of shares of the Class covered by this Warrant in respect of which the net issue election is made pursuant to this Article 1.2.
		
	A =	  	the Fair Market Value (as determined pursuant to Article 1.3) of one share of the Class, as determined at the time the net issue election is made pursuant to this
Article 1.2.
		
	B =	  	the Warrant Price in effect under this Warrant at the time the net issue election is made pursuant to this Article 1.2.

 1.3 Fair Market Value. If, at the time of any exercise or conversion of this Warrant, the
Company’s common stock is traded in a public market and the Shares are common stock, the fair market value of a Share shall be the closing price of a share of common stock reported for the business day immediately before the day Holder delivers
this Warrant together with its Notice of Exercise to the Company (or in the instance where the Warrant is exercised immediately prior to the IPO, the “price to public” per share price specified in the final prospectus relating to the IPO).
If the Company’s common stock is traded in a public market and the Shares are preferred stock, the fair market value of a Share shall be the closing price of a share of the Company’s common stock reported for the business day immediately
before the day Holder delivers this Warrant together with its Notice of Exercise to the Company (or, in the instance where the Warrant is exercised immediately prior to the effectiveness of the IPO, the initial “price to public” per share
price specified in the final prospectus relating to such offering), in both cases, multiplied by the number of shares of the Company’s common stock into which a Share is convertible. If the Company’s common stock is not traded in a public
market, the Board of Directors of the Company shall determine the fair market value of each Share in its reasonable good faith judgment. 
 1.4 Delivery of Certificate and New Warrant. Promptly after Holder exercises or converts this Warrant and, if applicable, the Company receives payment of the aggregate Warrant Price, the Company
shall deliver to Holder certificates for the Shares acquired and, if this Warrant has not been fully exercised or converted and has not expired, a new warrant of like tenor representing the Shares not so acquired. 

  
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 1.5 Replacement of Warrants. On receipt of evidence reasonably satisfactory to the
Company of the loss, theft, destruction or mutilation of this Warrant and, in the case of loss, theft or destruction, on delivery of an indemnity agreement reasonably satisfactory in form and amount to the Company or, in the case of mutilation, on
surrender and cancellation of this Warrant, the Company shall execute and deliver, in lieu of this Warrant, a new warrant of like tenor. 
 1.6 Treatment of Warrant Upon Acquisition of Company. 
 1.6.1
“Acquisition”. For the purpose of this Warrant, “Acquisition” means any sale, transfer, exclusive license, or other disposition of all or substantially all of the assets of the Company, or any reorganization,
consolidation, merger or sale of outstanding equity securities of the Company where the holders of the Company’s outstanding voting equity securities as of immediately before the transaction beneficially own less than a majority of the
outstanding voting equity securities of the surviving or successor entity as of immediately after the transaction or, if such Company shareholders beneficially own a majority of the outstanding voting equity securities of the surviving or successor
entity as of immediately after the transaction, such surviving or successor entity is not the Company. 
 1.6.2 Treatment of
Warrant at Acquisition. 
 A) Upon the written request of the Company, Holder agrees that, in the event of an Acquisition in which the sole
consideration is cash and/or Marketable Securities (as defined below), either (a) Holder shall exercise its conversion or purchase right under this Warrant and such exercise will be deemed effective immediately prior to the consummation of such
Acquisition or (b) if Holder elects not to exercise the Warrant, this Warrant will expire upon the consummation of such Acquisition. The Company shall provide the Holder with written notice of its request relating to the foregoing (together
with such reasonable information as the Holder may request in connection with such contemplated Acquisition giving rise to such notice), which is to be delivered to Holder not less than ten (10) days prior to the closing of the proposed
Acquisition. 
 B) Upon the closing of any Acquisition other than those particularly described in subsection (A) above, the successor
entity shall assume the obligations of this Warrant, and this Warrant shall be exercisable for the same securities, cash, and property as would be payable for the Shares issuable upon exercise of the unexercised portion of this Warrant as if such
Shares were outstanding on the record date for the Acquisition and subsequent closing. The Warrant Price and/or number of Shares shall be adjusted accordingly. 
 As used in this Article 1.6, “Marketable Securities” means securities meeting all of the following requirements: (i) the issuer thereof is then subject to the reporting requirements of
Section 13 or Section 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and is then current in its filing of all required reports and other information under the Act and the Exchange Act;
(ii) the class and series of shares or other security of the issuer that would be received by Holder in connection with the Acquisition were Holder to exercise or convert this Warrant on or prior to the closing thereof is then traded on a
national securities exchange or over-the-counter market, and (iii) Holder would not be restricted by contract or by applicable federal and state securities laws from publicly re-selling, within six (6) months and one day following the
closing of such Acquisition, all of the issuer’s shares and/or other securities that would be received by Holder in such Acquisition were Holder to exercise or convert this Warrant in full on or prior to the closing of such Acquisition.

  
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 1.7 Stockholders’ Agreement. Upon any exercise or conversion of this Warrant,
Holder shall at the Company’s request become a party to, by execution and delivery to the Company of a counterpart signature page, joinder agreement, instrument of accession or the like, the Company’s stockholders’ agreement, solely
with respect to the Shares issued upon such exercise or conversion, solely to the extent that all holders of outstanding shares of the Class are then parties thereto, and solely to the extent that such agreement is then by its terms in force and
effect. 
 ARTICLE 2. ADJUSTMENTS TO THE SHARES. 
 2.1 Stock Dividends, Splits, Etc. If the Company declares or pays a dividend on the outstanding shares of the Class payable in common stock or other securities, then upon exercise of this Warrant,
for each Share acquired, Holder shall receive, without cost to Holder, the total number and kind of securities to which Holder would have been entitled had Holder owned the Shares of record as of the date the dividend occurred. If the Company
subdivides the outstanding shares of the Class by reclassification or otherwise into a greater number of shares, the number of Shares purchasable hereunder shall be proportionately increased and the Warrant Price shall be proportionately decreased.
If the outstanding shares of the Class are combined or consolidated, by reclassification or otherwise, into a lesser number of shares, the Warrant Price shall be proportionately increased and the number of Shares shall be proportionately decreased.

 2.2 Reclassification, Exchange, Combinations or Substitution. Subject to Article 1.6 above, upon any reclassification,
exchange, substitution, or other event that results in a change of the number and/or class of the securities issuable upon exercise or conversion of this Warrant, Holder shall be entitled to receive, upon exercise or conversion of this Warrant, the
number and kind of securities and property that Holder would have received for the Shares if this Warrant had been exercised immediately before such reclassification, exchange, substitution, or other event. Such an event shall include, without
limitation, any automatic conversion of the outstanding or issuable securities of the Company of the same class or series as the Shares to common stock pursuant to the terms of the Company’s Amended and Restated Certificate of Incorporation (as
amended and in effect from time to time, the “Charter”), including, without limitation, upon consummation of the IPO. The Company or its successor shall promptly issue to Holder a certificate pursuant to Article 2.6 hereof setting forth
the number, class and series or other designation of such new securities or other property issuable upon exercise or conversion of this Warrant as a result of such reclassification, exchange, substitution or other event that results in a change of
the number and/or class of securities issuable upon the exercise or conversion of this Warrant. The provisions of this Article 2.2 shall similarly apply to successive reclassifications, exchanges, substitutions, or other events. 

2.3 Adjustments for Diluting Issuances. At all times (if any) when the Class shall be a series of convertible preferred stock, the
number of shares of common stock issuable upon conversion of the Shares shall be subject to adjustment, from time to time in the manner set forth in the Charter as if the Shares were issued and outstanding on and as of the date of any such required
adjustment (and subject to waiver by the required holders of the outstanding shares of the Class in accordance with the Charter, provided that any such waiver complies with the last sentence of this Article 2.3). The provisions set forth for the
Class in the Charter relating to the 

  
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above in effect as of the earliest date on which the Class becomes a series of convertible preferred stock may not be amended, modified or waived, without the prior written consent of Holder
unless such amendment, modification or waiver affects the rights associated with the Shares in the same manner as such amendment, modification or waiver affects the rights associated with all other shares of the Class. 

2.4 No Impairment. The Company shall not, by amendment of the Charter or through a reorganization, transfer of assets,
consolidation, merger, dissolution, issue, or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed under this Warrant by the Company, but shall at all
times in good faith assist in carrying out of all the provisions of this Article 2 and in taking all such action as may be necessary or appropriate to protect Holder’s rights under this Article against impairment. 

2.5 Fractional Shares. No fractional Shares shall be issuable upon exercise or conversion of the Warrant and the number of Shares
to be issued shall be rounded down to the nearest whole Share. If a fractional share interest arises upon any exercise or conversion of the Warrant, the Company shall eliminate such fractional share interest by paying Holder in cash the amount
computed by multiplying the fractional interest by the fair market value of a full Share. 
 2.6 Certificate as to
Adjustments. Upon each adjustment of the Warrant Price, Class and/or number of Shares, the Company shall promptly notify Holder in writing, and, at the Company’s expense, promptly compute such adjustment, and furnish Holder with a
certificate of its Chief Executive Officer or Chief Financial Officer or other duly authorized officer setting forth such adjustment and the facts upon which such adjustment is based. The Company shall, upon written request, furnish Holder a
certificate setting forth the Warrant Price, Class and number of Shares in effect upon the date thereof and the series of adjustments leading to such Warrant Price, Class and number of Shares. Notwithstanding the foregoing, in the event of an
adjustment pursuant to Article 2.3, the Company shall only be required to provide Holder with such notices as are required to be delivered to holders of the Class pursuant to the Certificate of Incorporation regarding antidilution protection, as and
when the Company provides such notices to such holders. 
 ARTICLE 3. REPRESENTATIONS AND COVENANTS OF THE COMPANY. 

3.1 Representations and Warranties. The Company represents and warrants to, and agrees with, the Holder as follows: 

(a) The Series D Price first set forth above is not greater than the price per share at which shares of Series D Stock were last issued
in an arms-length transaction in which at least $500,000 of such shares were sold. 
 (b) All Shares which may be issued upon
the exercise of the purchase right represented by this Warrant, and all securities, if any, issuable upon conversion of the Shares, shall, when issued, sold and delivered in accordance with the terms and for the consideration set forth in this
Warrant, be duly authorized, validly issued, fully paid and non-assessable, and free of any liens and encumbrances except for restrictions on transfer provided for herein or under applicable federal and state securities laws. 

  
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 (c) The Company’s summary capitalization table attached hereto as Schedule 1 is
true and complete as of the Issue Date. 
 3.2 Notice of Certain Events. If the Company proposes at any time (a) to
declare any dividend or distribution upon the outstanding shares of the Class, whether in cash, property, stock, or other securities and whether or not a regular cash dividend (other than securities for which adjustment is made pursuant to Article 2
hereof); (b) to offer for subscription or sale pro rata to the holders of the outstanding shares of the Class any additional shares of any class or series of the Company’s stock (other than pursuant to contractual pre-emptive rights);
(c) to effect any reclassification, reorganization or recapitalization of the shares of the Class; (d) to effect an Acquisition or to liquidate, dissolve or wind up; or (e) offer holders of registration rights the opportunity to
participate in an underwritten public offering of the Company’s securities for cash; then, in connection with each such event, the Company shall give Holder: (1) at least 10 days prior written notice of the date on which a record will be
taken for such dividend, distribution, or subscription rights (and specifying the date on which the holders of shares of the Class will be entitled thereto) or for determining rights to vote, if any, in respect of the matters referred to in
(c) and (d) above; (2) in the case of the matters referred to in (c) and (d) above at least 10 days prior written notice of the date when the same will take place (and specifying the date on which the holders of shares of
the Class will be entitled to exchange their shares for the securities or other property deliverable upon the occurrence of such event); and (3) in the case of the matter referred to in (e) above, the same notice as is given to the holders
of such registration rights 
 3.3 [Intentionally Omitted]. 

3.4 No Stockholder Rights. Without limiting any provision in this Warrant, Holder agrees that it will not have any rights as a
stockholder of the Company until the exercise of this Warrant. 
 3.5 Certain Information. The Company agrees to provide
Holder at any time and from time to time with such information as Holder may reasonably request for purposes of Holder’s compliance with regulatory, accounting and reporting requirements applicable to Holder. Holder agrees to treat and hold all
such information of the Company provided pursuant to this Article 3.5 in confidence in accordance with the provisions of Section 12.9 of the Loan Agreement. 
 ARTICLE 4. REPRESENTATIONS, WARRANTIES OF THE HOLDER. The Holder represents and warrants to the Company as follows: 
 4.1 Purchase for Own Account. This Warrant and the securities to be acquired upon exercise of this Warrant by Holder will be acquired for investment for Holder’s account, not as a nominee or
agent, and not with a view to the public resale or distribution within the meaning of the Act. Holder also represents that Holder has not been formed for the specific purpose of acquiring this Warrant or the Shares. 

4.2 Disclosure of Information. Holder has received or has had full access to all the information it considers necessary or
appropriate to make an informed investment decision with respect to the acquisition of this Warrant and its underlying securities. Holder further has had an opportunity to ask questions and receive answers from the Company regarding

  
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the terms and conditions of the offering of this Warrant and its underlying securities and to obtain additional information (to the extent the Company possessed such information or could acquire
it without unreasonable effort or expense) necessary to verify any information furnished to Holder or to which Holder has access. 
 4.3 Investment Experience. Holder understands that the purchase of this Warrant and its underlying securities involves substantial risk. Holder has experience as an investor in securities of
companies in the development stage and acknowledges that Holder can bear the economic risk of such Holder’s investment in this Warrant and its underlying securities and has such knowledge and experience in financial or business matters that
Holder is capable of evaluating the merits and risks of its investment in this Warrant and its underlying securities and/or has a preexisting personal or business relationship with the Company and certain of its officers, directors or controlling
persons of a nature and duration that enables Holder to be aware of the character, business acumen and financial circumstances of such persons. 
 4.4 Accredited Investor Status. Holder is an “accredited investor” within the meaning of Regulation D promulgated under the Act. 

4.5 The Act. Holder understands that this Warrant and the Shares issuable upon exercise or conversion hereof have not been
registered under the Act in reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of the Holder’s investment intent as expressed herein. Holder understands that this Warrant and the
Shares issued upon any exercise or conversion hereof must be held indefinitely unless subsequently registered under the Act and qualified under applicable state securities laws, or unless exemption from such registration and qualification are
otherwise available. 
 ARTICLE 5. MISCELLANEOUS. 
 5.1 Term. This Warrant is exercisable in whole or in part at any time and from time to time on or before the Expiration Date. 

5.2 Legends. This Warrant and the Shares (and the securities issuable, directly or indirectly, upon conversion of the Shares, if
any) shall be imprinted with a legend in substantially the following form: 
 THIS WARRANT AND THE SHARES ISSUABLE HEREUNDER HAVE
NOT BEEN REGISTERED UNDER THE ACT, OR THE SECURITIES LAWS OF ANY STATE AND, EXCEPT AND PURSUANT TO THE PROVISIONS OF ARTICLE 5 OF THAT CERTAIN WARRANT TO PURCHASE STOCK ISSUED BY THE COMPANY TO SILICON VALLEY BANK DATED AS OF MARCH 29, 2012,
MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER SAID ACT AND APPLICABLE STATE SECURITIES LAW OR, IN THE OPINION OF LEGAL COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER OF THESE
SECURITIES, SUCH OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION IS EXEMPT FROM REGISTRATION. 

  
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 5.3 Compliance with Securities Laws on Transfer. This Warrant and the Shares issuable
upon exercise of this Warrant (and the securities issuable, directly or indirectly, upon conversion of the Shares, if any) may not be transferred or assigned in whole or in part without compliance with applicable federal and state securities laws by
the transferor and the transferee (including, without limitation, the delivery of investment representation letters and legal opinions reasonably satisfactory to the Company, as reasonably requested by the Company). The Company shall not require
Holder to provide an opinion of counsel if the transfer is to SVB Financial Group (Silicon Valley Bank’s parent company) or any other affiliate of Holder, provided that any such transferee is an “accredited investor” as defined in
Regulation D promulgated under the Act. 
 5.4 Transfer Procedure. After receipt by Silicon Valley Bank
(“Bank”) of the executed Warrant, Bank will transfer all of this Warrant to SVB Financial Group, Holder’s parent company. Subject to the provisions of Article 5.3 and upon providing the Company with written notice, SVB Financial Group
and any subsequent Holder may transfer all or part of this Warrant or the Shares issuable upon exercise of this Warrant (or the securities issuable directly or indirectly, upon conversion of the Shares, if any) to any transferee, provided, however,
in connection with any such transfer, SVB Financial Group or any subsequent Holder will give the Company notice of the portion of the Warrant being transferred with the name, address and taxpayer identification number of the transferee and Holder
will surrender this Warrant to the Company for reissuance to the transferee(s) (and Holder if applicable). The Company may refuse to transfer this Warrant or the Shares to any person or entity who directly competes with the Company, unless, in
either case, the stock of the Company is publicly traded. 
 5.5 Notices. All notices and other communications from the
Company to the Holder, or vice versa, shall be deemed delivered and effective when given personally, or on the third business day after being mailed by first-class registered or certified mail, postage prepaid, or on the next business day following
delivery to a reputable overnight courier, fee prepaid (or on the first business day after transmission by facsimile), at such address as may have been furnished to the Company or Holder, as the case may be, in writing by the Company or such holder
from time to time. All notices to Holder shall be addressed as follows until the Company receives notice of a change of address in connection with a transfer or otherwise: 
 SVB Financial Group 
 Attn: Treasury Department 

3003 Tasman Drive, HC 215 
 Santa Clara, CA 95054 
 Telephone: (408) 654-7400 

Facsimile: (408) 988-8317 
 Email address: derivatives@svb.com 
 Notice to the Company shall be
addressed as follows until Holder receives notice of a change in address: 
 FiftyOne, Inc. 

Attn: Ed Neumann, CFO 
 8 West 40th
Street, 5th Floor 

New York, NY 10018 
 Telephone: 212.299.3528 
 Facsimile:
             
 Email address: ed.neumann@fiftyone.com

  
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 With a copy to: 
 Goodwin Procter LLP 
 Attn : Mark Macenka, Esq. 

Exchange Place 

Boston, MA 02109 
 Telephone: 617-570-1145 
 Facsimile: 617-523-1231 

5.6 Waiver. This Warrant and any term hereof may be changed, waived, discharged or terminated only by an instrument in writing
signed by the party against which enforcement of such change, waiver, discharge or termination is sought. 
 5.7
Attorney’s Fees. In the event of any dispute between the parties concerning the terms and provisions of this Warrant, the party prevailing in such dispute shall be entitled to collect from the other party all costs incurred in such
dispute, including reasonable attorneys’ fees. 
 5.8 Automatic Conversion upon Expiration. In the event that, upon
the Expiration Date, the fair market value of one Share (or other security issuable upon the exercise hereof) as determined in accordance with Article 1.3 above is greater than the Warrant Price in effect on such date, then this Warrant shall
automatically be deemed on and as of such date to be converted pursuant to Article 1.2 above as to all Shares (or such other securities) for which it shall not previously have been exercised or converted, and the Company shall promptly deliver a
certificate representing the Shares (or such other securities) issued upon such conversion to Holder. 
 5.9
Counterparts. This Warrant may be executed in counterparts, all of which together shall constitute one and the same agreement. 
 5.10 Governing Law. This Warrant shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts, without giving effect to its principles regarding conflicts of
law. 
 [Remainder of page left blank intentionally] 

  
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	“COMPANY”
	
	FIFTYONE, INC.
		
	By:	 	 /s/ Michael DeSimone

	Name:	 	M. Desimone
		 	(Print)
	Title:	 	CEO
	
	“HOLDER”
	
	SILICON VALLEY BANK
		
	By:	 	 /s/ Jocelyn Hartmann

	Name:	 	Jocelyn Hartmann
		 	(Print)
	Title:	 	VP

  
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 APPENDIX 1 
 NOTICE OF EXERCISE 
 1. Holder elects to purchase
                 shares of the Common/Series          Preferred [strike one] Stock of
                     pursuant to the terms of the attached Warrant, and tenders payment of the purchase price of the shares in full. 

[or] 
 1.
Holder elects to convert the attached Warrant into Shares/cash [strike one] in the manner specified in the Warrant. This conversion is exercised for             of the Shares covered by the
Warrant. 
 [Strike paragraph that does not apply.] 
 2. Please issue a certificate or certificates representing the Shares in the name specified below: 
  

	
	
	 
	 Holders Name

	
	 
	
	     
	 (Address)

 3. By its execution below and for the benefit of the Company, Holder hereby restates each of the
representations and warranties in Article 4 of the Warrant as of the date hereof. 
  

			
	HOLDER:
	
	  

		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

		
	(Date):	 	  

  
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 SCHEDULE 1 
 Company Summary Capitalization Table 
 See attached 

  
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 FiftyOne, INC. - FULLY DILUTED CAPITALIZATION TABLE - JANUARY 31, 2012 

 

																																																													
	 Shareholders
	 	Ordinary	 	 	Preferred A
on as
converted
basis	 	 	Preferred
B	 	 	Preferred
C	 	 	investment	 	 	Preferred
D	 	 	Total
Preferred
(A+B+C+D)
on as
converted
basis	 	 	Total
shares
not
diluted	 	 	Options	 	 	Warrants	 	 	Adjusted
Warrants	 	 	Total
Options
&
Warrants
on
as
converted
basis	 	 	Total
Shares
Fully
diluted on
as
converted
basis	 	 	% Not
Diluted
on
as
converted
basis	 	 	% Fully
Diluted
on as
converted
basis	 
	 Pitango Venture Capital Fund III (USA) LP
	 	 	373,943	  	 	 	2,179,624	  	 	 	788,748	  	 	 	2,423,759	  	 	 	1,422,275	  	 	 	2,509,479	  	 	 	7,901,610	  	 	 	8,275,553	  	 				 				 				 	 	0	  	 	 	8,275,553	  	 	 	22.03	% 	 	 	18.44	% 
	 Pitango Venture Capital Fund III (USA) Non-Q LP
	 	 	34,568	  	 	 	201,489	  	 	 	72,914	  	 	 	224,057	  	 	 	131,483	  	 	 	231,990	  	 	 	730,450	  	 	 	765,018	  	 				 				 				 	 	0	  	 	 	765,018	  	 	 	2.04	% 	 	 	1.71	% 
	 Pitango Venture Capital Fund III (Israeli Investors) LP
	 	 	101,936	  	 	 	594,041	  	 	 	215,011	  	 	 	660,703	  	 	 	384,582	  	 	 	678,561	  	 	 	2,148,316	  	 	 	2,250,252	  	 				 				 				 	 	0	  	 	 	2,250,252	  	 	 	5.99	% 	 	 	5.02	% 
	 Pitango JP Morgan Fund III (USA) LP
	 				 	 	597,142	  	 				 				 				 				 	 	597,142	  	 	 	597,142	  	 				 				 				 	 	0	  	 	 	597,142	  	 	 	1.59	% 	 	 	1.33	% 
	 Pitango Venture Capital Fund III Trusts 2000 Ltd.
	 	 	26,369	  	 	 	153,683	  	 	 	55,618	  	 	 	170,902	  	 	 	100,128	  	 	 	176,667	  	 	 	556,870	  	 	 	583,239	  	 				 				 				 	 	0	  	 	 	583,239	  	 	 	1.55	% 	 	 	1.30	% 
	 Pitango Principals Fund III (USA) LP
	 	 	13,184	  	 	 	76,843	  	 	 	27,808	  	 	 	85,453	  	 	 	50,064	  	 	 	88,334	  	 	 	278,438	  	 	 	291,622	  	 				 				 				 	 	0	  	 	 	291,622	  	 	 	0.78	% 	 	 	0.65	% 
	 Pitango Parallel Investor Fund III (USA) LP
	 				 	 	5,790	  	 				 				 	 	148,484	  	 	 	261,987	  	 	 	267,777	  	 	 	267,777	  	 				 				 				 	 	0	  	 	 	267,777	  	 	 	0.71	% 	 	 	0.60	% 
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Delta Fund I, LP
	 	 	444,988	  	 	 	822,258	  	 	 	938,600	  	 	 	1,756,917	  	 				 				 	 	3,517,775	  	 	 	3,962,763	  	 				 				 				 	 	0	  	 	 	3,962,763	  	 	 	10.55	% 	 	 	8.83	% 
	 Poalim Delta Fund LP
	 	 	26,960	  	 	 	49,818	  	 	 	56,867	  	 	 	106,448	  	 				 				 	 	213,133	  	 	 	240,093	  	 				 				 				 	 	0	  	 	 	240,093	  	 	 	0.64	% 	 	 	0.54	% 
	 Delta Fund I (Israel) LP
	 	 	24,130	  	 	 	44,588	  	 	 	50,897	  	 	 	95,269	  	 				 				 	 	190,754	  	 	 	214,884	  	 				 				 				 	 	0	  	 	 	214,884	  	 	 	0.57	% 	 	 	0.48	% 
	 Gmulot Delta Fund, LP
	 	 	53,922	  	 	 	99,639	  	 	 	113,735	  	 	 	212,893	  	 				 				 	 	426,267	  	 	 	480,189	  	 				 				 				 	 	0	  	 	 	480,189	  	 	 	1.28	% 	 	 	1.07	% 
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Adams Street V, LP
	 				 	 	89,814	  	 				 	 	2,088,179	  	 	 	1,118,508	  	 	 	1,973,509	  	 	 	4,151,502	  	 	 	4,151,502	  	 				 				 				 	 	0	  	 	 	4,151,502	  	 	 	11.05	% 	 	 	9.25	% 
	 BVCF IV, LP
	 				 	 	89,814	  	 				 	 	2,088,179	  	 	 	1,118,508	  	 	 	1,973,509	  	 	 	4,151,502	  	 	 	4,151,502	  	 				 				 				 	 	0	  	 	 	4,151,502	  	 	 	11.05	% 	 	 	9.25	% 
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Venture Strategy Partners II, LP
	 				 				 				 	 	2,170,546	  	 				 				 	 	2,170,546	  	 	 	2,170,546	  	 				 				 				 	 	0	  	 	 	2,170,546	  	 	 	5.78	% 	 	 	4.84	% 
	 Venture Strategy Partners Afiliate fund, LP
	 				 				 				 	 	149,653	  	 				 				 	 	149,653	  	 	 	149,653	  	 				 				 				 	 	0	  	 	 	149,653	  	 	 	0.40	% 	 	 	0.33	% 
	 Howard L. Crisp (Venture Strategy Group)
	 				 				 				 	 	92,808	  	 				 				 	 	92,808	  	 	 	92,808	  	 				 				 				 	 	0	  	 	 	92,808	  	 	 	0.25	% 	 	 	0.21	% 
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 JPMorgan Partners (CCP Overseas Equity Partners)
	 				 				 				 				 				 				 	 	0	  	 	 	0	  	 				 	 	0	  	 	 	0	  	 	 	0	  	 	 	0	  	 	 	0.00	% 	 	 	0.00	% 
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Dan Ciporin
	 	 	885,049	  	 	 	8,780	  	 				 				 	 	125,000	  	 	 	220,552	  	 	 	229,332	  	 	 	1,114,381	  	 				 				 				 	 	0	  	 	 	1,114,381	  	 	 	2.97	% 	 	 	2.48	% 
	 Deepak Kamra
	 				 	 	977	  	 				 				 	 	25,000	  	 	 	44,110	  	 	 	45,087	  	 	 	45,087	  	 				 				 				 	 	0	  	 	 	45,087	  	 	 	0.12	% 	 	 	0.10	% 
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 ON line Ventures (Steve Getsy)
	 	 	307,516	  	 	 	7,546	  	 				 	 	232,020	  	 	 	61,944	  	 	 	109,295	  	 	 	348,861	  	 	 	656,377	  	 	 	0	  	 				 				 	 	0	  	 	 	656,377	  	 	 	1.75	% 	 	 	1.46	% 
	 Think Equity Investment Partners II LLC (Deborah Quazzo)
	 				 	 	5,131	  	 				 	 	232,020	  	 				 				 	 	237,151	  	 	 	237,151	  	 				 				 				 	 	0	  	 	 	237,151	  	 	 	0.63	% 	 	 	0.53	% 
	 Benjamin C. Sparow (Spectum Equity Investors)
	 				 				 				 	 	27,842	  	 	 	2,478	  	 	 	4,372	  	 	 	32,214	  	 	 	32,214	  	 				 				 				 	 	0	  	 	 	32,214	  	 	 	0.09	% 	 	 	0.07	% 
	 Victor E. Parker (Spectum Equity Investors)
	 				 				 				 	 	46,404	  	 				 				 	 	46,404	  	 	 	46,404	  	 				 				 				 	 	0	  	 	 	46,404	  	 	 	0.12	% 	 	 	0.10	% 
	 Shawn J. Colo (Spectum Equity Investors)
	 				 				 				 	 	13,921	  	 				 				 	 	13,921	  	 	 	13,921	  	 				 				 				 	 	0	  	 	 	13,921	  	 	 	0.04	% 	 	 	0.03	% 
	 David M. Armstrong (Spectum Equity Investors)
	 				 				 				 	 	4,640	  	 				 				 	 	4,640	  	 	 	4,640	  	 				 				 				 	 	0	  	 	 	4,640	  	 	 	0.01	% 	 	 	0.01	% 
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Oxygen Associates LLC
	 	 	41,000	  	 				 				 				 				 				 				 	 	41,000	  	 				 				 				 	 	0	  	 	 	41,000	  	 	 	0.11	% 	 	 	0.09	% 
	 Schwartz Family Investments (1999) Ltd.
	 	 	77,500	  	 				 				 				 	 	20,000	  	 	 	35,288	  	 	 	35,288	  	 	 	112,788	  	 				 				 				 	 	0	  	 	 	112,788	  	 	 	0.30	% 	 	 	0.25	% 
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Viborg Anstalt Vaduz
	 				 	 	92,807	  	 				 				 				 				 	 	92,807	  	 	 	92,807	  	 				 				 				 	 	0	  	 	 	92,807	  	 	 	0.25	% 	 	 	0.21	% 
	 Three Team (E.W.) Ltd
	 				 	 	371,232	  	 				 				 				 				 	 	371,232	  	 	 	371,232	  	 				 				 				 	 	0	  	 	 	371,232	  	 	 	0.99	% 	 	 	0.83	% 
	 Yogi Consulting and Investments Ltd.
	 				 	 	92,807	  	 				 				 	 	10,000	  	 	 	17,644	  	 	 	110,451	  	 	 	110,451	  	 				 				 				 	 	0	  	 	 	110,451	  	 	 	0.29	% 	 	 	0.25	% 
	 SRG Holdings Ltd.
	 				 	 	315,547	  	 				 	 	278,424	  	 				 				 	 	593,971	  	 	 	593,971	  	 				 				 				 	 	0	  	 	 	593,971	  	 	 	1.58	% 	 	 	1.32	% 
	 GLE Trust Assets Ltd*
	 				 	 	148,493	  	 				 	 	46,404	  	 	 	20,000	  	 	 	35,288	  	 	 	230,185	  	 	 	230,185	  	 				 				 				 	 	0	  	 	 	230,185	  	 	 	0.61	% 	 	 	0.51	% 
	 Collace Services Ltd.
	 				 	 	92,808	  	 				 				 				 				 	 	92,808	  	 	 	92,808	  	 				 				 				 	 	0	  	 	 	92,808	  	 	 	0.25	% 	 	 	0.21	% 
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Caymen Partners I, LLC (Jay Pomrenze)
	 	 	434,227	  	 	 	92,807	  	 	 	92,808	  	 	 	237,588	  	 	 	87,662	  	 	 	154,672	  	 	 	577,875	  	 	 	1,012,102	  	 	 	0	  	 				 				 	 	0	  	 	 	1,012,102	  	 	 	2.69	% 	 	 	2.26	% 
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Shrem, Fudim, Kelner Founders Group II LP
	 				 	 	92,810	  	 				 				 				 				 	 	92,810	  	 	 	92,810	  	 				 				 				 	 	0	  	 	 	92,810	  	 	 	0.25	% 	 	 	0.21	% 
	 Shrem, Fudim, Kelner & Co Ltd.
	 				 	 	92,807	  	 				 				 				 				 	 	92,807	  	 	 	92,807	  	 				 				 				 	 	0	  	 	 	92,807	  	 	 	0.25	% 	 	 	0.21	% 
	 Arko Technological Holdings LP
	 				 	 	99,691	  	 				 				 	 	123,885	  	 	 	218,584	  	 	 	318,275	  	 	 	318,275	  	 				 				 				 	 	0	  	 	 	318,275	  	 	 	0.85	% 	 	 	0.71	% 
	 Canada Israel Opportunity Fund III LP
	 				 	 	92,807	  	 				 	 	46,404	  	 				 				 	 	139,211	  	 	 	139,211	  	 				 				 				 	 	0	  	 	 	139,211	  	 	 	0.37	% 	 	 	0.31	% 
	 SFK WING 2000 - Finance Ltd.
	 				 				 				 	 	46,404	  	 				 				 	 	46,404	  	 	 	46,404	  	 				 				 				 				 	 	46,404	  	 	 	0.12	% 	 	 	0.10	% 
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Paymentech Performance Warrants (Common Stock)
	 				 				 				 				 				 				 				 				 				 	 	130,404	  	 	 	130,404	  	 	 	130,404	  	 	 	130,404	  	 	 	0.00	% 	 	 	0.29	% 
	 Glenbrook Partners, LLC (Common Stock) *****
	 				 				 				 	 	23,202	  	 				 				 	 	23,202	  	 	 	23,202	  	 				 	 	0	  	 	 	0	  	 	 	0	  	 	 	23,202	  	 	 	0.06	% 	 	 	0.05	% 
		 				 				 				 				 				 				 				 				 				 				 	  
	  
	 	 				 				 				 			
	 Plenus (Preferred C) - under III round price
	 				 				 				 				 				 				 				 				 				 	 	324,828	  	 	 	575,283	  	 	 	575,283	  	 	 	575,283	  	 	 	0.00	% 	 	 	1.28	% 
		 				 				 				 				 				 				 				 				 				 				 	  
	  
	 	 				 				 				 			
	 Tmura Warrants - to be granted upon closing of III round (Common)
	 				 				 				 				 				 				 				 				 				 	 	53,568	  	 	 	53,568	  	 	 	53,568	  	 	 	53,568	  	 	 	0.00	% 	 	 	0.12	% 
	 Silicon Valley Bank Warrants - granted upon closing loan (Common)
	 				 				 				 				 				 				 				 				 				 	 	359,764	  	 	 	359,764	  	 	 	359,764	  	 	 	359,764	  	 	 	0.00	% 	 	 	0.80	% 
	 Joe Smith
	 	 	20,000	  	 				 				 				 				 				 				 	 	20,000	  	 				 				 				 	 	0	  	 	 	20,000	  	 	 	0.05	% 	 	 	0.04	% 
	 Yuval Tal
	 	 	310,195	  	 				 				 				 	 	50,000	  	 	 	88,221	  	 	 	88,221	  	 	 	398,416	  	 				 				 				 	 	0	  	 	 	398,416	  	 	 	1.06	% 	 	 	0.89	% 
	 Sharon Howard
	 	 	40,000	  	 				 				 				 				 				 				 	 	40,000	  	 				 				 				 	 	0	  	 	 	40,000	  	 	 	0.11	% 	 	 	0.09	% 
	 Yael Gilboa
	 	 	20,000	  	 				 				 				 				 				 				 	 	20,000	  	 				 				 				 	 	0	  	 	 	20,000	  	 	 	0.05	% 	 	 	0.04	% 
	 Jody Rochwarger
	 	 	335,000	  	 				 				 				 				 				 				 	 	335,000	  	 				 				 				 	 	0	  	 	 	335,000	  	 	 	0.89	% 	 	 	0.75	% 
	 Bob Mednick
	 	 	9,112	  	 				 				 				 				 				 				 	 	9,112	  	 				 				 				 	 	0	  	 	 	9,112	  	 	 	0.02	% 	 	 	0.02	% 
	 Liron Diamant
	 	 	30,000	  	 				 				 				 				 				 				 	 	30,000	  	 				 				 				 	 	0	  	 	 	30,000	  	 	 	0.08	% 	 	 	0.07	% 
	 Mike DeSimone
	 				 	 	44,113	  	 				 				 				 				 	 	44,113	  	 	 	44,113	  	 				 				 				 	 	0	  	 	 	44,113	  	 	 	0.12	% 	 	 	0.10	% 
	 Kris Green
	 				 	 	26,465	  	 				 				 				 				 	 	26,465	  	 	 	26,465	  	 				 				 				 	 	0	  	 	 	26,465	  	 	 	0.07	% 	 	 	0.06	% 
	 Ed Neumann
	 	 	667,096	  	 				 				 				 				 				 				 	 	667,096	  	 				 				 				 	 	0	  	 	 	667,096	  	 	 	1.78	% 	 	 	1.49	% 
	 Jurgis Vilis
	 	 	34,483	  	 				 				 				 				 				 				 	 	34,483	  	 				 				 				 	 	0	  	 	 	34,483	  	 	 	0.09	% 	 	 	0.08	% 
	 Mike DeSimone
	 	 	1,770,099	  	 				 				 				 				 				 				 	 	1,770,099	  	 				 				 				 	 	0	  	 	 	1,770,099	  	 	 	4.71	% 	 	 	3.95	% 
	 ESOP - Allocated (not including Caymen&OLV stated above)
	 				 				 				 				 				 				 				 				 	 	4,331,380	  	 				 				 	 	4,331,380	  	 	 	4,331,380	  	 	 	0.00	% 	 	 	9.65	% 
	 ESOP - Unallocated
	 				 				 				 				 				 				 				 				 	 	1,841,772	  	 				 				 	 	1,841,772	  	 	 	1,841,772	  	 	 	0.00	% 	 	 	4.11	% 
	 ESOP Trust Company
	 	 	10, 000	  	 				 				 				 				 				 				 	 	10,000	  	 				 				 				 				 	 	10,000	  	 	 	0.03	% 	 	 	0.02	% 
	 Total
	 	 	6,091,277	  	 	 	6,682,171	  	 	 	2,413,006	  	 	 	13,561,039	  	 	 	5,000,000	  	 	 	8,822,062	  	 	 	31,478,278	  	 	 	37,569,555	  	 	 	6,173,152	  	 	 	868,564	  	 	 	1,119,019	  	 	 	7,292,171	  	 	 	44,861,726	  	 	 	100.00	% 	 	 	100.00	% 
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 

  
 14EX-10.2

 Exhibit 10.2 
 FIFTYONE, INC. 
 2011 STOCK OPTION AND GRANT PLAN 

 

	SECTION 1.	GENERAL PURPOSE OF THE PLAN; DEFINITIONS 

 The name of the plan is the FiftyOne, Inc. 2011 Stock Option and Grant Plan (the “Plan”). The purpose of the Plan is to encourage and enable the officers, employees, directors, consultants and
other key persons of FiftyOne, Inc., a Delaware corporation (including any successor entity, the “Company”) and its Subsidiaries, upon whose judgment, initiative and efforts the Company largely depends for the successful conduct of its
business, to acquire a proprietary interest in the Company. 
 The following terms shall be defined as set forth below:

 “Award” or “Awards,” except where referring to a particular category of grant under the
Plan, shall include Incentive Stock Options, Non-Qualified Stock Options, Restricted Stock Awards, Unrestricted Stock Awards, Restricted Stock Units or any combination of the foregoing. 

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

“Cause” means (i) breach of the grantee’s fiduciary duties towards the Company that causes harm to the
Company, (ii) breach of the grantee’s duty of care towards the Company that causes harm to the Company, or (iii) the grantee has committed any criminal felony offense regarding the Company, or (iv) the grantee has committed a
fraudulent act towards the Company that causes harm to the Company, or (v) the grantee intentionally caused, by act or omission, any significant financial damage to the Company. 

“Chief Executive Officer” means the Chief Executive Officer of the Company or, if there is no Chief Executive Officer,
then the President of the Company. 
 “Code” means the Internal Revenue Code of 1986, as amended, and any
successor Code, and related rules, regulations and interpretations. 
 “Committee” means the Board or a
committee designated by the Board, which includes not less than two directors. 
 “Disability” means
“disability” as defined in Section 422(c) of the Code. 
 “Effective Date” means the date on
which the Plan is adopted as set forth on the final page of the Plan. 
 “Exchange Act” means the Securities
Exchange Act of 1934, as amended, and the rules and regulations thereunder. 
 “Exit Event” means the
consummation of (i) the dissolution or liquidation of the Company, (ii) the sale of all or substantially all of the assets of the Company on a consolidated basis to an unrelated person or entity, (iii) a merger, reorganization or
consolidation involving 

 
the Company in which the Shares of voting stock of the Company outstanding immediately prior to such transaction represent or are converted into or exchanged for securities of the surviving or
resulting entity (or its ultimate parent, if applicable) immediately upon completion of such transaction which represent less than 50 percent of the outstanding voting power of either such surviving or resulting entity (or its ultimate parent, if
applicable), (iv) the acquisition of all or a majority of the outstanding voting stock of the Company in a single transaction or a series of related transactions by a Person or group of Persons, or (v) any other acquisition of the business
of the Company, as determined by the Board; provided, however, that the Company’s Initial Public Offering, any subsequent public offering or another capital raising event, or a merger effected solely to change the Company’s domicile
shall not constitute an “Exit Event.” 
 “Fair Market Value” of the Stock on any given date means the
fair market value of the Stock determined in good faith by the Committee based on the reasonable application of a reasonable valuation method not inconsistent with Section 409A of the Code. If the Stock is admitted to trade on a national
securities exchange, the determination shall be made by reference to the closing price reported on such exchange. If there is no closing price for such date, the determination shall be made by reference to the last date preceding such date for which
there is a closing price. If the date for which Fair Market Value is determined is the first day when trading prices for the Stock are reported on a national securities exchange, the Fair Market Value shall be the “Price to the Public” (or
equivalent) set forth on the cover page for the final prospectus relating to the Company’s Initial Public Offering. 

“Good Reason” means (i) a material reduction or worsening in the grantee’s base salary, title, benefits or
working conditions and/or (ii) a relocation of the Company’s (unless the grantee initiates discussions regarding the relocation) offices outside of Manhattan. 
 “Grant Date” means the date that the Committee designates in its approval of an Award in accordance with applicable law as the date on which the Award is granted, which date may not
precede the date of such Committee approval. 
 “Grant Notice” means a written or electronic agreement setting
forth the terms and provisions applicable to an Award granted under the Plan. Each Grant Notice may contain terms and conditions in addition to those set forth in the Plan. 
 “Holder” means, with respect to an Award or any Shares, the Person holding such Award or Shares, including the initial recipient of the Award or any Permitted Transferee. 

“Incentive Stock Option” means any Stock Option designated and qualified as an “incentive stock option” as
defined in Section 422 of the Code. 
 “Initial Public Offering” means the consummation of the first firm
commitment underwritten public offering pursuant to an effective registration statement under the Securities Act covering the offer and sale by the Company of its equity securities, as a result of or following which the Stock shall be publicly held.

 “Non-Qualified Stock Option” means any Stock Option that is not an Incentive Stock Option. 

  
 2 

 “Option” or “Stock Option” means any option to purchase
Shares of Stock granted pursuant to Section 5. 
 “Permitted Transferees” shall mean any of the following
to whom a Holder may transfer Shares hereunder (as set forth in Section 9): the Holder’s 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, any person sharing the Holder’s household (other than a tenant or employee), a trust in which these persons have more than fifty percent of the
beneficial interest, a foundation in which these persons control the management of assets, and any other entity in which these persons own more than fifty percent of the voting interests; provided, however, that any such trust does not require or
permit distribution of any Shares during the term of the Grant Notice unless subject to its terms. Upon the death of the Holder, the term Permitted Transferees shall also include such deceased Holder’s estate, executors, administrators,
personal representatives, heirs, legatees and distributees, as the case may be. 
 “Person” shall mean any
individual, corporation, partnership (limited or general), limited liability company, limited liability partnership, association, trust, joint venture, unincorporated organization or any similar entity. 

“Restricted Stock Award” means Awards granted pursuant to Section 6 and “Restricted Stock” means
Shares issued pursuant to such Awards. 
 “Restricted Stock Unit” means an Award of stock units to a grantee to
be settled in Shares upon vesting pursuant to Section 8. 
 “Section 409A” means Section 409A of the
Code and the regulations and other guidance promulgated thereunder. 
 “Securities Act” means the Securities
Act of 1933, as amended, and the rules and regulations thereunder. 
 “Service Relationship” means any
relationship as a full-time employee, part-time employee, director, consultant or other key person of the Company, any Subsidiary, any entity partially owned by the Company or any successor entity (e.g., a Service Relationship shall be deemed to
continue without interruption in the event an individual’s status changes from full-time employee to part-time employee or consultant). 
 “Shares” means shares of Stock. 
 “Stock” means
the common Stock, par value $0.01 per share, of the Company. 
 “Subsidiary” means any corporation or other
entity (other than the Company) in which the Company has more than a 50 percent interest, either directly or indirectly. 

“Ten Percent Owner” means an employee who owns or is deemed to own (by reason of the attribution rules of
Section 424(d) of the Code) more than 10 percent of the combined voting power of all classes of stock of the Company or any parent of the Company or any Subsidiary. 

  
 3 

 “Termination Event” means (except as otherwise provided in this definition)
the termination of the Award recipient’s Service Relationship with the Company, its Subsidiaries or any entity partially owned by the Company, for any reason whatsoever, regardless of the circumstances thereof, and including, without
limitation, upon death, disability, retirement, discharge or resignation for any reason, whether voluntarily or involuntarily. The following shall not constitute a Termination Event: (i) a transfer to the service of the Company from a
Subsidiary or from the Company to a Subsidiary, or from one Subsidiary to another Subsidiary, or from the Company or a Subsidiary to an entity partially owned by the Company or (ii) an approved leave of absence for any reason. 

“Unrestricted Stock Award” means any Award granted pursuant to Section 7 and “Unrestricted Stock”
means Shares issued pursuant to such Awards. 
  

	SECTION 2.	ADMINISTRATION OF PLAN; COMMITTEE AUTHORITY TO SELECT GRANTEES AND DETERMINE AWARDS 

(a) Administration of Plan. The Plan shall be administered by the Committee. 

(b) Powers of Committee. The Committee shall have the power and authority to grant Awards consistent with the terms of the Plan,
including the power and authority: 
 (i) to select the individuals to whom Awards may from time to time be granted; 

(ii) to determine the time or times of grant, and the amount, if any, of Incentive Stock Options, Non-Qualified Stock Options, Restricted
Stock Awards, Unrestricted Stock Awards, Restricted Stock Units, or any combination of the foregoing, granted to any one or more grantees; 
 (iii) to determine the number of Shares to be covered by any Award and, subject to the provisions of the Plan, the price, exercise price, conversion ratio or other price relating thereto; 

(iv) to determine and, subject to Section 12, to modify from time to time the terms and conditions, including restrictions, not
inconsistent with the terms of the Plan, of any Award, which terms and conditions may differ among individual Awards and grantees, and to approve the form of Grant Notices; 
 (v) to accelerate at any time the exercisability or vesting of all or any portion of any Award; 
 (vi) to impose any limitations on Awards, including limitations on transfers, repurchase provisions and the like, and to exercise repurchase rights or obligations; 

(vii) subject to Section 5 and any restrictions imposed by Section 409A, to extend at any time the period in which Stock
Options may be exercised; and 

  
 4 

 (viii) at any time to adopt, alter and repeal such rules, guidelines and practices for
administration of the Plan and for its own acts and proceedings as it shall deem advisable; to interpret the terms and provisions of the Plan and any Award (including Grant Notices); to make all determinations it deems advisable for the
administration of the Plan; to decide all disputes arising in connection with the Plan; and to otherwise supervise the administration of the Plan. 
 All decisions and interpretations of the Committee shall be binding on all persons, including the Company and all Holders. 
 (c) Grant Notice. Awards under the Plan shall be evidenced by Grant Notices that set forth the terms, conditions and limitations for each Award. 

(d) Indemnification. Neither the Board nor the Committee, nor any member of either or any delegate thereof, shall be liable for
any act, omission, interpretation, construction or determination made in good faith in connection with the Plan, and the members of the Board and the Committee (and any delegate thereof) shall be entitled in all cases to indemnification and
reimbursement by the Company in respect of any claim, loss, damage or expense (including, without limitation, reasonable attorneys’ fees) arising or resulting therefrom to the fullest extent permitted by law and/or under the Company’s
governing documents, including its certificate of incorporation or bylaws, or any directors’ and officers’ liability insurance coverage which may be in effect from time to time and/or any indemnification agreement between such individual
and the Company. 
 (e) Foreign Award Recipients. Notwithstanding any provision of the Plan to the contrary, in order to
comply with the laws in other countries in which the Company and any Subsidiary operate or have employees or other individuals eligible for Awards, the Committee, in its sole discretion, shall have the power and authority to: (i) determine
which Subsidiaries, if any, shall be covered by the Plan; (ii) determine which individuals, if any, outside the United States are eligible to participate in the Plan; (iii) modify the terms and conditions of any Award granted to
individuals outside the United States and/or to comply with applicable foreign laws; (iv) establish subplans and modify exercise procedures and other terms and procedures, to the extent the Committee determines such actions to be necessary or
advisable (and such subplans and/or modifications shall be attached to the Plan as appendices); provided, however, that no such subplans and/or modifications shall increase the Share limitation contained in Section 3(a) hereof; and
(v) take any action, before or after an Award is made, that the Committee determines to be necessary or advisable to obtain approval or comply with any local governmental regulatory exemptions or approvals. Any grants under a subplan shall be
considered grants under this Plan for purposes of Section 3(a) hereof. 
  

	SECTION 3.	STOCK ISSUABLE UNDER THE PLAN; MERGERS AND OTHER TRANSACTIONS; SUBSTITUTION 

(a) Stock Issuable. The maximum number of Shares reserved and available for issuance under the Plan shall be 11,045,930 Shares;
provided that at any time and from time to time, the maximum number of Shares issued under the Plan and subject to issuance pursuant to outstanding Awards shall not exceed an amount equal to 11,045,930 less the aggregate number of Shares
issued under the FiftyOne, Inc. U.S. Share Option Plan (the “Prior Plan”) and/or 

  
 5 

 
subject to outstanding Options (as defined in the Prior Plan), subject to adjustment as provided in Section 3(b) hereof. For purposes of this limitation, the Shares underlying any Awards
that are forfeited, canceled, withheld upon exercise of an Option or settlement of an Award to cover the exercise price or tax withholding, reacquired by the Company prior to vesting, satisfied without the issuance of Stock or otherwise terminated
(other than by exercise), in each case shall be added back to the Shares available for issuance under the Plan. Subject to such overall limitations, Shares may be issued up to such maximum number pursuant to any type or types of Award. The Shares
available for issuance under the Plan may be authorized but unissued Shares or Shares reacquired by the Company. Beginning on the date that the Company becomes subject to Section 162(m) of the Code, Options with respect to no more than
11,045,930 Shares shall be granted to any one individual in any calendar year period. 
 (b) Changes in Stock. Subject to
Section 3(c) hereof, if, as a result of any reorganization, recapitalization, reclassification, stock dividend, stock split, reverse stock split or other similar change in the Company’s capital stock, the outstanding Shares are increased
or decreased or are exchanged for a different number or kind of Shares or other securities of the Company, or additional Shares or new or different Shares or other securities of the Company or other non-cash assets are distributed with respect to
such Shares or other securities, in each case, without the receipt of consideration by the Company, or, if, as a result of any merger or consolidation, or sale of all or substantially all of the assets of the Company, the outstanding Shares are
converted into or exchanged for other securities of the Company or any successor entity (or a parent or subsidiary thereof), the Committee shall make an appropriate and proportionate adjustment in (i) the maximum number of Shares reserved for
issuance under the Plan, (ii) the number and kind of Shares or other securities subject to any then outstanding Awards under the Plan, (iii) the repurchase price, if any, per Share subject to each outstanding Award, and (iv) the
exercise price for each Share subject to any then outstanding Stock Options under the Plan, without changing the aggregate exercise price (i.e., the exercise price multiplied by the number of Stock Options) as to which such Stock Options remain
exercisable. The Committee shall also make equitable or proportionate adjustments in the number of Shares subject to outstanding Awards and the exercise price and the terms of outstanding Awards to take into consideration cash dividends paid other
than in the ordinary course or any other extraordinary corporate event. The Committee may in any event make such adjustments as may be required by Section 25102(o) of the California Corporation Code and the rules and regulations promulgated.
The adjustment by the Committee shall be final, binding and conclusive. No fractional Shares shall be issued under the Plan resulting from any such adjustment, but the Committee in its discretion may make a cash payment in lieu of fractional Shares.

 (c) Exit Events. 
 (i) General. 
 (A) In the case of and subject to the
consummation of an Exit Event, (a) all outstanding Awards subject to relevant acceleration provisions shall be accelerated based on the terms of said acceleration provisions and (b) the Committee shall be allowed to determine that any
unvested Awards, or any part thereof, shall vest and be exercisable immediately. The phrase “relevant acceleration provisions” as used in this Plan means said provisions hereunder, pursuant to the terms of any Grant Notice and any
Committee decisions. 

  
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 (B) Unless the Grant Notice states otherwise or the Committee has decided
otherwise, in the case of an Exit Event where outstanding Awards are assumed or substituted for new awards by the successor entity (or parent thereof) or otherwise continue (or some alternative or substitution is continued) after the Exit Event,
then 50 percent of the then-unvested Shares underlying any Award shall be deemed vested in full (“50 Percent Vesting”) upon the date on which the grantee’s Service Relationship with the Company, its Subsidiaries or successor entity
terminates if both (1) such termination is effective as of the date of, or within 12 months following the date of, such Exit Event and (2) such termination is either by the Company without Cause or by the grantee for Good Reason.

 (ii) Options. In the case of and subject to the consummation of an Exit Event, at the Company’s sole option, one
of the following shall occur: 
 (A) all outstanding Options (the terms and conditions thereof, including without
limitation any applicable acceleration provisions) and this Plan shall continue or be assumed by the successor entity or parent thereof; 
 (B) all outstanding Options and this Plan shall terminate and new options of the successor entity or parent thereof shall be substituted therefor (provided that any relevant acceleration provisions are
fully applicable to the substituted options and an equitable and proportionate adjustment as to the number and kind of Shares and, if appropriate, the per Share exercise prices, are made); or 

(C) all outstanding Options and this Plan shall terminate (with no new options being substituted therefor) (a “Cash
Exit Event”). In the case of a Cash Exit Event, each Holder of Options shall be notified in writing to the latest address on file and permitted, within a reasonable period of time prior to the consummation of the Exit Event as specified by the
Committee, to exercise all such Options which are then vested and exercisable or will become vested and exercisable on or before the effective time of the Exit Event (including any Options that will become exercisable due to a relevant acceleration
provision). Notwithstanding the foregoing or anything to the contrary, in the event of a Cash Exit Event, the Company shall make or provide for a payment to the Holders of vested and exercisable Options that are outstanding immediately prior to the
consummation of an Exit Event, without any consent of the Holders, in exchange for the cancellation of the relevant Options (including any Options that would become exercisable due to a relevant acceleration provision), in an amount equal to the
difference between (1) the value as determined in good faith by the Committee of the consideration payable per share of Stock pursuant to the Exit Event (the “Sale Price”) times the number of Shares subject to outstanding Options
being cancelled (to the extent then vested and exercisable, including by reason of acceleration in connection with such Exit Event) and (2) the aggregate exercise price of all such outstanding vested and exercisable Options. Such amount shall
be paid in such form and at such times as the Sale Price is paid to shareholders of the Company. 

  
 7 

 (iii) Restricted Stock and Restricted Stock Unit Awards. 

(A) In the case of and subject to the consummation of an Exit Event, all Restricted Stock and unvested Restricted Stock
Unit Awards (other than those becoming vested as a result of the Exit Event) issued hereunder shall be forfeited immediately prior to the effective time of any such Exit Event unless assumed or continued by the successor entity, or awards of the
successor entity or parent thereof are substituted therefor, with an equitable or proportionate adjustment as to the number and kind of Shares subject to such awards as such parties shall agree (after taking into account any acceleration hereunder
and/or pursuant to the terms of any Grant Notice). 
 (B) In the event of the forfeiture of Restricted Stock
pursuant to Section 3(c)(iii)(A), such Restricted Stock shall be repurchased from the Holder thereof at a price per Share equal to the lower of the original per Share purchase price paid by the Holder (subject to adjustment as provided in
Section 3(b)) or the current Fair Market Value of such Shares, determined immediately prior to the effective time of the Exit Event. 
 (C) Notwithstanding anything to the contrary in Section 3(c)(iii)(A), in the event of an Exit Event, the Company shall have the right, but not the obligation, to make or provide for a cash payment to
the Holders of Restricted Stock or Restricted Stock Unit Awards, without consent of the Holders, in exchange for the cancellation thereof, in an amount equal to the Sale Price times the number of Shares subject to such Awards, to be paid at the time
of such Exit Event or upon the later vesting of such Awards. 
  

	SECTION 4.	ELIGIBILITY 

 Grantees
under the Plan will be such full or part-time officers and other full or part-time employees, directors, consultants and key persons of the Company and any Subsidiary who are selected from time to time by the Committee in its sole discretion;
provided, however, that Awards shall be granted only to those individuals described in Rule 701(c) of the Securities Act or as permitted by Form S-8. 
  

	SECTION 5.	STOCK OPTIONS 

 Upon the
grant of a Stock Option, the Company and the grantee shall enter into a Grant Notice. The terms and conditions of each such Grant Notice shall be determined by the Committee, and such terms and conditions may differ among individual Awards and
grantees. 
 Stock Options granted under the Plan may be either Incentive Stock Options or Non-Qualified Stock Options.
Incentive Stock Options may be granted only to employees of the Company or of any Subsidiary that is a “subsidiary corporation” within the meaning of Section 424(f) of the Code. To the extent that any Option does not qualify as an
Incentive Stock Option, it shall be deemed a Non-Qualified Stock Option. 
 (a) Terms of Stock Options. The Committee in
its discretion may grant Stock Options to those individuals who meet the eligibility requirements of Section 4. Stock Options 

  
 8 

 
shall be subject to the following terms and conditions of the Plan, or other terms and conditions set out in the Grant Notice or that the Committee determines. Notwithstanding anything to the
contrary herein or otherwise, any conflict among a Committee determination, the Grant Notice and the Plan shall be settled in favor of the Committee determination. In the case where there has been no Committee determination, any conflict between the
Grant Notice and the Plan shall be settled in favor of the Plan. 
 (i) Exercise Price. The exercise price per Share for
the Shares covered by a Stock Option shall be determined by the Committee at the time of grant but shall not be less than 100 percent of the Fair Market Value on the Grant Date. In the case of an Incentive Stock Option that is granted to a Ten
Percent Owner, the exercise price per Share for the Shares covered by such Incentive Stock Option shall not be less than 110 percent of the Fair Market Value on the Grant Date. 

(ii) Option Term. The term of each Stock Option shall be fixed by the Committee, but no Stock Option shall be exercisable more
than ten years from the Grant Date. In the case of an Incentive Stock Option that is granted to a Ten Percent Owner, the term of such Stock Option shall be no more than five years from the Grant Date. 

(iii) Exercisability; Rights of a Stockholder. Stock Options shall become exercisable and/or vested at such time or times, whether
or not in installments, as shall be determined by the Committee at or after the Grant Date. The Grant Notice may permit a grantee to exercise all or a portion of a Stock Option immediately at grant; provided that the Shares issued upon such
exercise shall be subject to restrictions and a vesting schedule identical to the vesting schedule of the related Stock Option, such Shares shall be deemed to be Restricted Stock for purposes of the Plan, and the optionee may be required to enter
into an additional or new Grant Notice as a condition to exercise of such Stock Option. An optionee shall have the rights of a stockholder only as to Shares acquired upon the exercise of a Stock Option and not as to unexercised Stock Options. An
optionee shall not be deemed to have acquired any Shares unless and until a Stock Option shall have been exercised pursuant to the terms of the Grant Notice. 
 (iv) Method of Exercise. Stock Options may be exercised by an optionee in whole or in part, by the optionee giving written or electronic notice of exercise to the Company, specifying the number of
Shares to be purchased. Payment of the purchase price may be made by one or more of the following methods (or any combination thereof): 
 (A) In cash, by certified or bank check, by wire transfer of immediately available funds, or other instrument acceptable to the Committee; 

(B) If permitted by the Committee, by the optionee delivering to the Company a promissory note, if the Board has expressly
authorized the loan of funds to the optionee for the purpose of enabling or assisting the optionee to effect the exercise of his or her Stock Option; provided that at least so much of the exercise price as represents the par value of the
Stock shall be paid in cash if required by state law; 
 (C) If the Initial Public Offering has occurred (or the
Stock otherwise becomes publicly-traded), through the delivery (or attestation to the ownership) of Shares 

  
 9 

 
that have been purchased by the optionee on the open market or that are beneficially owned by the optionee and are not then subject to restrictions under any Company plan. To the extent required
to avoid variable accounting treatment under ASC 718 or other applicable accounting rules, such surrendered Shares if originally purchased from the Company shall have been owned by the optionee for at least six months. Such surrendered Shares shall
be valued at Fair Market Value on the exercise date; 
 (D) If the Initial Public Offering has occurred (or the
Stock otherwise becomes publicly-traded), by the optionee delivering to the Company a properly executed exercise notice together with irrevocable instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable to
the Company for the purchase price; provided that in the event the optionee chooses to pay the purchase price as so provided, the optionee and the broker shall comply with such procedures and enter into such agreements of indemnity and other
agreements as the Committee shall prescribe as a condition of such payment procedure; or 
 (E) If permitted by
the Committee, and only with respect to Stock Options that are not Incentive Stock Options, by a “net exercise” arrangement pursuant to which the Company will reduce the number of Shares issuable upon exercise by the largest whole number
of Shares with a Fair Market Value that does not exceed the aggregate exercise price. 
 Payment instruments will be received
subject to collection. No certificates for Shares so purchased will be issued to the optionee or, with respect to uncertificated Stock, no transfer to the optionee on the records of the Company will take place, until the Company has completed all
steps it has deemed necessary to satisfy legal requirements relating to the issuance and sale of the Shares, which steps may include, without limitation, (i) receipt of a representation from the optionee at the time of exercise of the Option
that the optionee is purchasing the Shares for the optionee’s own account and not with a view to any sale or distribution of the Shares or other representations relating to compliance with applicable law governing the issuance of securities,
(ii) the legending of the certificate (or notation on any book entry) representing the Shares to evidence the foregoing restrictions, and (iii) obtaining from optionee payment or provision for all withholding taxes due as a result of the
exercise of the Option. The delivery of certificates representing the Shares (or the transfer to the optionee on the records of the Company with respect to uncertificated Stock) to be purchased pursuant to the exercise of a Stock Option will be
contingent upon (A) receipt from the optionee (or a purchaser acting in his or her stead in accordance with the provisions of the Stock Option) by the Company of the full purchase price for such Shares and the fulfillment of any other
requirements contained in the Grant Notice or applicable provisions of laws and (B) if required by the Company, the optionee shall have entered into any stockholders agreements or other agreements with the Company and/or certain other of the
Company’s stockholders relating to the Stock. In the event an optionee chooses to pay the purchase price by previously-owned Shares through the attestation method, the number of Shares transferred to the optionee upon the exercise of the Stock
Option shall be net of the number of Shares attested to. 
 (b) Annual Limit on Incentive Stock Options. To the extent
required for “incentive stock option” treatment under Section 422 of the Code, the aggregate Fair Market Value 

  
 10 

 
(determined as of the Grant Date) of the Shares with respect to which Incentive Stock Options granted under the Plan and any other plan of the Company or its parent and any Subsidiary that become
exercisable for the first time by an optionee during any calendar year shall not exceed $100,000 or such other limit as may be in effect from time to time under Section 422 of the Code. To the extent that any Stock Option exceeds this limit, it
shall constitute a Non-Qualified Stock Option. 
 (c) Termination. Any portion of a Stock Option that is not vested and
exercisable on the date of termination of an optionee’s Service Relationship shall immediately expire and be null and void (unless the Committee determines otherwise). Once any portion of the Stock Option becomes vested and exercisable, the
optionee’s right to exercise such portion of the Stock Option (or the optionee’s representatives and legatees as applicable) in the event of a termination of the optionee’s Service Relationship shall continue until the earliest of:
(i) the date which is: (A) 12 months following the date on which the optionee’s Service Relationship terminates due to death or Disability (or such longer period of time as determined by the Committee and set forth in the applicable
Grant Notice), or (B) three (3) months from the date on which the optionee’s Service Relationship terminates if the termination is due to any reason other than death or Disability (or such longer period of time as determined by the
Committee and set forth in the applicable Grant Notice), or (ii) the Expiration Date set forth in the Grant Notice. Notwithstanding the foregoing, if the optionee is terminated by the Company for Cause, all the Stock Options held by the
optionee, whether vested or not, shall expire immediately and be of no legal effect. 
  

	SECTION 6.	RESTRICTED STOCK AWARDS 

(a) Nature of Restricted Stock Awards. The Committee may, in its sole discretion, grant (or sell at par value or such other
purchase price determined by the Committee) to an eligible individual under Section 4 hereof a Restricted Stock Award under the Plan. The Committee shall determine the restrictions and conditions applicable to each Restricted Stock Award at the
time of grant. Conditions may be based on continuing employment (or other Service Relationship), achievement of pre-established performance goals and objectives and/or such other criteria as the Committee may determine. Upon the grant of a
Restricted Stock Award, the Company and the grantee shall enter into a Grant Notice. The terms and conditions of each such Grant Notice shall be determined by the Committee, and such terms and conditions may differ among individual Awards and
grantees. 
 (b) Rights as a Stockholder. Upon the grant of the Restricted Stock Award and payment of any applicable
purchase price, a grantee of Restricted Stock shall be considered the record owner of and shall be entitled to vote the Restricted Stock if, and to the extent, such Shares are entitled to voting rights, subject to such conditions contained in the
Grant Notice. The grantee shall be entitled to receive all dividends and any other distributions declared on the Shares; provided, however, that the Company is under no duty to declare any such dividends or to make any such distribution.
Unless the Committee shall otherwise determine, certificates evidencing the Restricted Stock shall remain in the possession of the Company until such Restricted Stock is vested as provided in subsection (d) below of this Section, and the
grantee shall be required, as a condition of the grant, to deliver to the Company a stock power endorsed in blank and such other instruments of transfer as the Committee may prescribe. 

  
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 (c) Restrictions. Restricted Stock may not be sold, assigned, transferred, pledged or
otherwise encumbered or disposed of except as specifically provided herein or in the Grant Notice. Except as may otherwise be provided by the Committee either in the Grant Notice or, subject to Section 12 below, in writing after the Grant
Notice is issued, if a grantee’s Service Relationship with the Company and any Subsidiary terminates, the Company or its assigns shall have the right, as may be specified in the relevant instrument, to repurchase some or all of the Shares
subject to the Award at such purchase price as is set forth in the Grant Notice. 
 (d) Vesting of Restricted Stock. The
Committee at the time of grant shall specify in the Grant Notice the date or dates and/or the attainment of pre-established performance goals, objectives and other conditions on which the substantial risk of forfeiture imposed shall lapse and the
Restricted Stock shall become vested, subject to such further rights of the Company or its assigns as may be specified in the Grant Notice. 
  

	SECTION 7.	UNRESTRICTED STOCK AWARDS 

The Committee may, in its sole discretion, grant (or sell at par value or such other purchase price determined by the Committee) to an
eligible person under Section 4 hereof an Unrestricted Stock Award under the Plan. Unrestricted Stock Awards may be granted in respect of past services or other valid consideration, or in lieu of cash compensation due to such grantee.

  

	SECTION 8.	RESTRICTED STOCK UNITS 

(a) Nature of Restricted Stock Units. The Committee may, in its sole discretion, grant to an eligible person under Section 4
hereof Restricted Stock Units under the Plan. The Committee shall determine the restrictions and conditions applicable to each Restricted Stock Unit at the time of grant. Vesting conditions may be based on continuing employment (or other Service
Relationship), achievement of pre-established performance goals and objectives and/or other such criteria as the Committee may determine. Upon the grant of Restricted Stock Units, the grantee and the Company shall enter into a Grant Notice. The
terms and conditions of each such Grant Notice shall be determined by the Committee and may differ among individual Awards and grantees. On or promptly following the vesting date or dates applicable to any Restricted Stock Unit, but in no event
later than March 15 of the year following the year in which such vesting occurs, each such Restricted Stock Unit shall be settled in the form of one share of Stock. Restricted Stock Units may not be sold, assigned, transferred, pledged, or
otherwise encumbered or disposed of. 
 (b) Rights as a Stockholder. A grantee shall have the rights of a stockholder
only as to Shares, if any, acquired upon settlement of Restricted Stock Units. A grantee shall not be deemed to have acquired any such Shares unless and until the Restricted Stock Units shall have been settled in Shares pursuant to the terms of the
Plan and the Grant Notice and the Company shall have issued and delivered a certificate representing the Shares to the grantee (or transferred on the records of the Company with respect to uncertificated stock). 

(c) Termination. Except as may otherwise be provided by the Committee either in the Grant Notice or in writing after the Grant
Notice is issued, a grantee’s right in all Restricted Stock Units that have not vested shall automatically terminate upon the grantee’s cessation of Service Relationship with the Company and any Subsidiary for any reason (unless the
Committee determines otherwise). 

  
 12 

	SECTION 9.	TRANSFER RESTRICTIONS; RIGHT OF FIRST REFUSAL; COMPANY REPURCHASE RIGHTS 

 (a) Restrictions on Transfer. 
 (i) Non-Transferability of Stock
Options. Stock Options and, prior to exercise, the Shares issuable upon exercise of such Stock Option, shall not be transferable by the optionee otherwise than by will, or by the laws of descent and distribution, and all Stock Options shall be
exercisable, during the optionee’s lifetime, only by the optionee, or by the optionee’s legal representative or guardian in the event of the optionee’s incapacity. Notwithstanding the foregoing, the Committee, in its sole discretion,
may provide in the Grant Notice regarding a given Stock Option that the optionee may transfer by gift, without consideration for the transfer, his or her Non-Qualified Stock Options to his or her family members (as defined in Rule 701 of the
Securities Act), to trusts for the benefit of such family members, or to partnerships in which such family members are the only partners (to the extent such trusts or partnerships are considered “family members” for purposes of Rule 701 of
the Securities Act), provided that the transferee agrees in writing with the Company to be bound by all of the terms and conditions of this Plan and the applicable Grant Notice, including the execution of a stock power upon the issuance of
Shares. Stock Options, and the Shares issuable upon exercise of such Stock Options, shall be restricted as to any pledge, hypothecation, or other transfer, including any short position, any “put equivalent position” (as defined in the
Exchange Act) or any “call equivalent position” (as defined in the Exchange Act) prior to exercise. 
 (ii)
Shares. No Shares shall be sold, assigned, transferred, pledged, hypothecated, given away or in any other manner disposed of or encumbered, whether voluntarily or by operation of law, unless (i) the transfer is in compliance with the
terms of the applicable Grant Notice, all applicable securities laws (including, without limitation, the Securities Act), and with the terms and conditions of this Section 9, (ii) the transfer does not cause the Company to become subject
to the reporting requirements of the Exchange Act, and (iii) the transferee consents in writing to be bound by the provisions of the Plan and the Grant Notice, including this Section 9. The Company shall be entitled to seek protective
orders, injunctive relief and other remedies available at law or in equity, including, without limitation, seeking specific performance or the rescission of any transfer not made in strict compliance with the provisions of this Section 9.
Subject to the foregoing general provisions, and unless otherwise provided in the applicable Grant Notice, Shares may be transferred pursuant to the following specific terms and conditions (provided that with respect to any transfer of
Restricted Stock, all vesting and forfeiture provisions shall continue to apply with respect to the original recipient): 
 (A) Transfers to Permitted Transferees. The Holder may transfer any or all of the Shares to one or more Permitted Transferees; provided, however, that following such transfer, such Shares
shall continue to be subject to the terms of this Plan (including this Section 9) and such Permitted Transferee(s) shall, as a condition to any such transfer deliver, if specifically asked by the Company in writing, a written acknowledgment to
that effect to the Company and a stock power to the Company with respect to the Shares. 

  
 13 

 (B) Transfers Upon Death. Upon the death of the Holder, any Shares
then held by the Holder at the time of such death and any Shares acquired after the Holder’s death by the Holder’s legal representative shall be subject to the provisions of this Plan, and the Holder’s estate, executors,
administrators, personal representatives, heirs, legatees and distributees shall be obligated to convey such Shares to the Company or its assigns under the terms contemplated by the Plan and the Grant Notice. 

(b) Right of First Refusal. Commencing on the end of the Restriction Period (as defined below) and until the earliest of
(i) an Initial Public Offering of the Company’s shares or (ii) an Exit Event, any transfer of Shares received under this Plan shall be subject to the following: 
 (i) Any Holder proposing to transfer such Shares (other than as otherwise specifically allowed in this Plan) (the “Offeror”) shall first request the Company, by written notice (which shall
contain all the information necessary to enable the Company so to do), to offer such Shares (the “Offered Shares”), on the terms of the proposed transfer, to the other shareholders of the Company (the “Offerees”). The Company
shall comply with such request by sending the Offerees a written notice (the “Offer”), stating therein the identity of the Offeror and of the proposed transferee(s) and the proposed terms of sale of the Offered Shares. Any Offeree may
accept such offer in respect of all or any of the Offered Shares by giving the Company notice to that effect within twenty-one (21) days after being served with the Offer. 

(ii) If the acceptances, in the aggregate, are in respect of all of, or more than, the Offered Shares, then the accepting Offerees shall
acquire the Offered Shares, on the terms aforementioned, in proportion to their respective holdings, provided that no Offerees shall be entitled to acquire under the provisions of this Section 9(b)(ii) more than the number of Offered
Shares initially accepted by such Offeree, and upon the allocation to him of the full number of Shares so accepted, he shall be disregarded in any subsequent computations and allocations hereunder. Any Shares remaining after the computation of such
respective entitlements shall be re-allocated among the accepting Offerees (other than those to be disregarded as aforesaid), in the same manner, until one hundred per cent (100%) of the Offered Shares have been allocated as aforesaid. For the
purposes of any Offer under this Section, the “respective holdings” of any number of accepting Offerees shall mean the respective proportions of the aggregate number of common Stock (including, for purposes of such determination, common
Stock issuable upon conversion of any Preferred Stock and any series Preferred Stock issuable upon exercise of any warrants) held by such accepting Offerees as determined prior to such Offer. 

(iii) If the acceptances, in the aggregate, are in respect of less than the number of Offered Shares, then the accepting Offerees shall
not be entitled to acquire the Offered Shares, and the Offeror, at the expiration of the aforementioned twenty-one (21) day period, shall be entitled to transfer all (but not less than all) of the Offered Shares to the proposed transferee(s)
identified in the Offer, provided, however, that in no event shall the Offeror transfer any of the Offered Shares to any transferee other than such accepting Offerees or such proposed transferee(s) or transfer the same on terms more favorable
to the buyer(s) than those stated in the 

  
 14 

 
Offer, and provided further that any of the Offered Shares not transferred within ninety (90) days after the expiration of such twenty-one (21) day period shall again be subject
to the provisions of this Section. 
 (c) Company’s Right of Repurchase. 

(i) Right of Repurchase for Shares Issued Upon the Exercise of an Early Exercise Option. With respect to an early exercise Option,
upon a Termination Event, the Company or its assigns shall repurchase from a Holder of Shares acquired upon exercise of such Stock Option which are still unvested and subject to a risk of forfeiture as of the Termination Event. Such repurchase
rights shall be exercised by the Company within the later of (A) six months following the date of such Termination Event or (B) seven months after the acquisition of Shares upon exercise of a Stock Option. The repurchase price shall be
equal to the original per Share price paid by the Holder, subject to adjustment as provided in Section 3(b) of the Plan. 

(ii) Right of Repurchase With Respect to Restricted Stock. With respect to Restricted Stock, upon a Termination Event, the Company
or its assigns shall have the right and option to repurchase from a Holder of Shares received pursuant to a Restricted Stock Award any Shares that are still unvested and subject to a risk of forfeiture as of the Termination Event. Such repurchase
right may be exercised by the Company within six months following the date of such Termination Event; provided that the Company notify the Holder in writing of its intention to repurchase within 60 days of the Termination Event. The
repurchase price shall be the original per Share purchase price paid by the Holder, subject to adjustment as provided in Section 3(b) of the Plan. 
 (iii) Procedure. Any repurchase right of the Company shall be exercised by the Company or its assigns by giving the Holder written notice on or before the last day of the repurchase period of its
intention to exercise such repurchase right. Upon such notification, the Holder shall promptly surrender to the Company, free and clear of any liens or encumbrances, any certificates representing the Shares being purchased, together with a duly
executed stock power for the transfer of such Shares to the Company or the Company’s assignee or assignees. Upon the Company’s or its assignee’s receipt of the certificates from the Holder, the Company or its assignee or assignees
shall immediately deliver to him, her or them a check for the applicable repurchase price. 
 (d) Drag-Along. In the
event the holders of a majority of the Company’s equity securities then outstanding (the “Majority Shareholders”) determine to enter into an Exit Event in a bona fide negotiated transaction (a “Sale”), with a third party
(the “Buyer”), a Holder of Shares, including any Permitted Transferee, shall be obligated to and shall upon the written request of the Majority Shareholders: (i) sell, transfer and deliver, or cause to be sold, transferred and
delivered, to the Buyer, his or her Shares (including for this purpose all of such Holder’s Shares that presently or as a result of any such transaction may be acquired upon the exercise of an Option (following the payment of the exercise price
therefor)) on substantially the same terms applicable to the Majority Shareholders (with appropriate adjustments to reflect the conversion of convertible securities, the redemption of redeemable securities and the exercise of exercisable securities
as well as the relative preferences and priorities of preferred stock); and (ii) execute and deliver such instruments of conveyance and transfer and take such other action, 

  
 15 

 
including voting such Shares in favor of any Sale proposed by the Majority Shareholders and executing any purchase agreements, merger agreements, indemnity agreements, escrow agreements or
related documents as the Majority Shareholders or the Buyer may reasonably require in order to carry out the terms and provisions of this Section 9(d). 
 (e) Lockup Provision. If requested by an underwriter, a Holder shall not sell or otherwise transfer or dispose of any Shares (including, without limitation, pursuant to Rule 144 under the
Securities Act) held by him or her for such period following the effective date of a public offering by the Company of Shares as the Company shall specify reasonably and in good faith. If requested by the underwriter engaged by the Company, each
Holder shall execute a separate letter confirming his or her agreement to comply with this Section. 
 (f) Adjustments for
Changes in Capital Structure. If, as a result of any reorganization, recapitalization, reclassification, stock dividend, stock split, reverse stock split or other similar change in the common Stock, the outstanding Shares are increased or
decreased or are exchanged for a different number or kind of securities of the Company, the restrictions contained in this Section 9 shall apply with equal force to additional and/or substitute securities, if any, received by Holder in exchange
for, or by virtue of his or her ownership of, Shares. 
 (g) Termination. The terms and provisions of Section 9(b)
and Section 9(c) (except for the Company’s right to repurchase Shares still subject to a risk of forfeiture upon a Termination Event) shall terminate upon the closing of the Company’s Initial Public Offering or upon consummation of
any Exit Event, in either case as a result of which Shares are registered under Section 12 of the Exchange Act and publicly-traded on any national security exchange. 

 

	SECTION 10.	TAX WITHHOLDING 

 (a)
Payment by Grantee. Each grantee shall, no later than the date as of which the value of an Award or of any Shares or other amounts received thereunder first becomes includable in the gross income of the grantee for income tax purposes, pay to
the Company, or make arrangements satisfactory to the Company regarding payment of, any Federal, state, or local taxes of any kind required by law to be withheld by the Company with respect to such income. The Company and any Subsidiary shall, to
the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to the grantee. The Company’s obligation to deliver stock certificates (or evidence of book entry) to any grantee is subject to and
conditioned on any such tax withholding obligations being satisfied by the grantee. 
 (b) Payment in Stock. At the sole
election of the grantee and with the approval of the Committee, the Company’s minimum required tax withholding obligation may be satisfied, in whole or in part, by the Company withholding from Shares to be issued pursuant to an Award a number
of Shares having an aggregate Fair Market Value (as of the date the withholding is effected) that would satisfy the minimum withholding amount due. 
  

	SECTION 11.	SECTION 409A AWARDS 

 To
the extent that any Award is determined to constitute “nonqualified deferred compensation” within the meaning of Section 409A (a “409A Award”), the Award shall be 

  
 16 

 
subject to such additional rules and requirements as may be specified by the Committee from time to time. In this regard, if any amount under a 409A Award is payable upon a “separation from
service” (within the meaning of Section 409A) to a grantee who is considered a “specified employee” (within the meaning of Section 409A), then no such payment shall be made prior to the date that is the earlier of
(i) six months and one day after the grantee’s separation from service, or (ii) the grantee’s death, but only to the extent such delay is necessary to prevent such payment from being subject to interest, penalties and/or
additional tax imposed pursuant to Section 409A. The Company makes no representation or warranty and shall have no liability to any grantee under the Plan or any other Person with respect to any penalties or taxes under Section 409A that
are, or may be, imposed with respect to any Award. 
  

	SECTION 12.	AMENDMENTS AND TERMINATION 

The Board may, at any time, amend or discontinue the Plan and the Committee may, at any time, amend or cancel any outstanding Award for
the purpose of satisfying changes in law or for any other lawful purpose, but no such action shall adversely affect rights under any outstanding Award without the consent of the holder of the Award. The Committee may exercise its discretion to
reduce the exercise price of outstanding Stock Options or effect repricing through cancellation of outstanding Stock Options and by granting such holders new Awards in replacement of the cancelled Stock Options. To the extent determined by the
Committee to be required either by the Code to ensure that Incentive Stock Options granted under the Plan are qualified under Section 422 of the Code or otherwise, Plan amendments shall be subject to approval by the Company stockholders.
Nothing in this Section 12 shall limit the Board’s or Committee’s authority to take any action permitted pursuant to Section 3(c). The Board reserves the right to amend the Plan and/or the terms of any outstanding Stock Options
to the extent reasonably necessary to comply with the requirements of the exemption pursuant to paragraph (f) of Rule 12h-1 of the Exchange Act. 
  

	SECTION 13.	STATUS OF PLAN; EXCLUSIVITY 

 (a) Rights of Grantee. With respect to the portion of any Award that has not been exercised and any payments in cash, Stock or other consideration not received by a grantee, a grantee shall have no
rights greater than those of a general creditor of the Company unless the Committee shall otherwise expressly so determine in connection with any Award. 
 (b) Non-Exclusivity of the Plan. The adoption of this Plan shall not be construed as amending, modifying or rescinding any previously approved incentive arrangement or as creating any limitations
on the power of the Committee to adopt such other incentive arrangements as it may deem desirable, including, without limitation, the granting of stock options otherwise than under this Plan, allowing for accelerated vesting schedules or vesting
rules or reasons other than set forth in this Plan and such arrangements may be either applicable generally or only in specific cases. 
  

	SECTION 14.	GENERAL PROVISIONS 

 (a)
No Distribution; Compliance with Legal Requirements. The Committee may require each person acquiring Shares pursuant to an Award to represent to and agree with the 

  
 17 

 
Company in writing that such person is acquiring the Shares without a view to distribution thereof. No Shares shall be issued pursuant to an Award until all applicable securities law and other
legal and stock exchange or similar requirements have been satisfied. The Committee may require the placing of such stop-orders and restrictive legends on certificates for Stock and Awards as it deems appropriate. 

(b) Delivery of Stock Certificates. Stock certificates to grantees under the Plan shall be deemed delivered for all purposes when
the Company or a stock transfer agent of the Company shall have mailed such certificates in the United States mail (or private delivery service), addressed to the grantee, at the grantee’s last known address on file with the Company;
provided that stock certificates to be held in escrow pursuant to Section 9 of the Plan shall be deemed delivered when the Company shall have recorded the issuance in its records. Uncertificated Stock shall be deemed delivered for all
purposes when the Company or a stock transfer agent of the Company shall have given to the grantee by electronic mail (with proof of receipt) or by United States mail (or private delivery service), addressed to the grantee, at the grantee’s
last known address on file with the Company, notice of issuance and recorded the issuance in its records (which may include electronic “book entry” records). 
 (c) No Employment Rights. The adoption of the Plan and the grant of Awards do not confer upon any Person any right to continued employment or Service Relationship with the Company or any
Subsidiary. 
 (d) Trading Policy Restrictions. Option exercises and other Awards under the Plan shall be subject to the
Company’s insider trading policy-related restrictions, terms and conditions as may be established by the Company. 
 (e)
Information to Holders of Options. In the event the Company is relying on the exemption from the registration requirements of Section 12(g) of the Exchange Act contained in paragraph (f)(1) of Rule 12h-1 of the Exchange Act, the Company
shall provide the information described in Rule 701(e)(3), (4) and (5) of the Securities Act to all holders of Options in accordance with the requirements thereunder. The foregoing notwithstanding, the Company shall not be required to
provide such information unless the optionholder has agreed in writing, on a form prescribed by the Company, to keep such information confidential. 
  

	SECTION 15.	EFFECTIVE DATE OF PLAN 

The Plan shall become effective upon adoption by the Board and shall be approved by stockholders in accordance with applicable state law
and the Company’s articles of incorporation and bylaws within 12 months thereafter. If the stockholders fail to approve the Plan within 12 months after its adoption by the Board of Directors, then any Awards granted or sold under the Plan shall
be rescinded and no additional grants or sales shall thereafter be made under the Plan. Subject to such approval by stockholders and to the requirement that no Shares may be issued hereunder prior to such approval, Stock Options and other Awards may
be granted hereunder on and after adoption of the Plan by the Board. No grants of Stock Options and other Awards may be made hereunder after the tenth anniversary of the date the Plan is adopted by the Board or the date the Plan is approved by the
Company’s stockholders, whichever is earlier. 

  
 18 

	SECTION 16.	GOVERNING LAW 

 This Plan, all Awards and
any controversy arising out of or relating to this Plan and all Awards shall be governed by and construed in accordance with the laws of the State of Delaware. 
  

			
	DATE ADOPTED BY THE BOARD OF DIRECTORS:	  	October 31, 2011
		
	DATE APPROVED BY THE STOCKHOLDERS:	  	October 31, 2011

  
 19 

 Sub-Plan for Israeli Award Holders 

FiftyOne, Inc. 2011 Stock Option and Grant Plan 

 

	1.	General: 

 1.1 This
Israeli Sub-Plan (the “Israeli Sub-Plan”) shall apply only to Holders who are both (a) residents of the State of Israel or those who are deemed to be residents of the State of Israel for tax purposes and (b) FiftyOne
Research and Development Ltd. (the “Israeli Subsidiary”)’s employees, directors, consultants and contractors (collectively, “Israeli Holders”). The provisions specified hereunder shall form an integral part of
the “FiftyOne, Inc. 2011 Stock Option and Grant Plan” (the “Plan”), which applies to the grant of Awards. 
 1.2 This Israeli Sub-Plan is to be read as a continuation of the Plan and only modifies the terms of Awards granted to Israeli Holders so that they comply with the requirements set by the Israeli law in
general, and in particular with the provisions of the Israeli Tax Ordinance (as defined below), as may be amended or replaced from time to time. For the avoidance of doubt, this Israeli Sub-Plan does not add to or modify the Plan in respect of any
other category of Holders. 
 1.3 The Plan and this Israeli Sub-Plan are complimentary to each other and shall be deemed as one
for the purposes of Israeli Holders only. In any case of contradiction with respect to Awards granted to Israeli Holders, whether explicit or implied, between the provisions of this Israeli Sub-Plan and the Plan, the provisions set out in this
Israeli Sub-Plan shall prevail. 
 1.4 Any capitalized term not specifically defined in this Israeli Sub-Plan shall be construed
according to the definition or interpretation given to it in the Plan. 
  

	2.	Definitions: 

 “102
Award” means a grant of an Award to an Israeli Holder, other than to a Controlling Shareholder, pursuant to the provisions of Section 102 of the Tax Ordinance, the 102 Rules, and any other regulations, rulings, procedures or
clarifications promulgated thereunder, or under any other section of the Tax Ordinance that will be relevant for such issuance in the future. 

“102(c) Award” means a 102 Award that will not be subject to a Taxation Route, as detailed in Section 102(c) of the Tax Ordinance.

 “3(i) Award” means a grant of an Option or Restricted Stock Unit to an Israeli consultant, contractor or a Controlling
Shareholder, as the case may be, pursuant to the provisions of Section 3(i) of the Tax Ordinance and the rules and regulations promulgated thereunder, or any other section of the Tax Ordinance that will be relevant for such issuance in the
future. 

 “Beneficial Holder” means the Israeli Holder for the benefit of whom the Trustee holds an
Award in Trust. 
 “Capital Gains Route” means the capital gains tax route under Section 102(b)(2) of the Tax Ordinance.

 “Controlling Shareholder” means a “controlling shareholder” of the Company, as such term is defined in
Section 32(9)(a) of the Tax Ordinance. 
 “Exercised Shares” means Shares resulting from the exercise or vesting of an
Award, or from Unrestricted Stock Award. 
 “Minimum Trust Period” means the minimum period of time required under a Taxation
Route for Awards and/or Exercised Shares to be held in Trust in order for the Beneficial Holder to enjoy to the fullest extent the tax benefits afforded under such Taxation Route, as prescribed at any time by Section 102 of the Tax Ordinance.

 “Ordinary Income Route” means the ordinary income route under Section 102(b)(1) of the Tax Ordinance. 

“Rights” means rights issued in respect of Exercised Shares, including bonus shares. 

“Restricted Stock Unit” shall have the meaning ascribed to it in the Plan. 
 “102 Rules” means the Israeli Income Tax Rules (Tax Relief in Issuance of Shares to Employees), 2003, as amended. 
 “Taxation Route” means each of the Ordinary Income Route or the Capital Gains Route. 
 “Tax Ordinance” means the Israeli Income Tax Ordinance [New Version], 1961, as amended. 
 “Trust” means the holding of an Award or Exercised Share by the Trustee in Trust for the benefit of the Beneficial Holder, pursuant to the instructions of a Taxation Route. 

“Trustee” means a Trustee designated by the Committee in accordance with the provisions of Section 3 below and, with respect to 102
Awards, approved by the Israeli Tax Authorities. It is hereby clarified, that where and when applicable, the Trustee shall also act as an escrow, according to Section 9(d) of the Plan. 

 

	3.	Administration: 

 3.1
Subject to the general terms and conditions of the Plan, the Tax Ordinance, and any other applicable laws and regulations, the Committee shall have the full authority in its discretion, from time to time and at any time, to determine: 

(a) With respect to grants of 102 Awards - whether the Company shall elect the Ordinary Income Route or the Capital Gains Route for
grants of 102 Awards, and the identity of the Trustee who shall be granted such 102 Awards in accordance with the provisions of the Plan and the then prevailing Taxation Route. 

 (b) In the event the Committee determines that the Company shall elect one of the Taxation
Routes for grants of 102 Awards, all grants of 102 Awards made following such election, shall be subject to the elected Taxation Route and the Company shall be entitled to change such election only following the lapse of one year from the end of the
tax year in which 102 Awards are first granted under the then prevailing Taxation Route or following the lapse of any shorter or longer period, if provided by law; and 
 (c) With respect to the grant of 102(c) and 3(i) Awards - whether or not such Awards shall be granted to a Trustee in accordance with the terms and conditions of the Plan, and the identity of the Trustee
who shall be granted such Awards in accordance with the provisions of the Plan. 
 3.2 Notwithstanding the aforesaid, the
Committee may, from time to time and at any time, grant 102(c) Awards. 
  

	4.	Grant of Awards and Issuance of Shares: 

 Subject to the provisions of the Tax Ordinance and applicable law: 
 (a) All
grants of Awards to Israeli Holders, who are employees, directors and office holders of the Company and/or the Israeli Subsidiary, as the case may be, other then to a Controlling Shareholder, shall be of 102 Awards; and 

(b) All grants of Awards to Israeli Holders who are consultants, contractors or Controlling Shareholders of the Company and/or the
Israeli Subsidiary, as the case may be, shall be of 3(i) Awards. 
  

	5.	Trust: 

 5.1
General. 
 (a) In the event Awards are deposited with a Trustee, the Trustee shall hold each such Award and any
Exercised Shares in Trust for the benefit of the Beneficial Holder. 
 (b) In accordance with Section 102 of the Tax
Ordinance, the tax benefits afforded to 102 Awards (and any Exercised Shares) in accordance with the Ordinary Income Route or Capital Gains Route, as applicable, shall be contingent upon the Trustee holding such 102 Awards for the applicable Minimum
Trust Period. 

 (c) With respect to 102 Awards granted to the Trustee, the following shall apply:

 (i) A Holder granted 102 Awards shall not be entitled to sell the Exercised Shares or to transfer such Exercised Shares (or
such 102 Awards) from the Trust prior to the lapse of the Minimum Trust Period; and 
 (ii) Any and all Rights shall be issued
to the Trustee and held thereby until the lapse of the Minimum Trust Period, and such Rights shall be subject to the Taxation Route which is applicable to such Exercised Shares. 

(d) Notwithstanding the aforesaid, Exercised Shares or Rights may be sold or transferred, and the Trustee may release such Exercised
Shares or Rights from Trust, prior to the lapse of the Minimum Trust Period, provided however, that tax is paid or withheld in accordance with Section 102 of the Tax Ordinance and Section 7 of the 102 Rules, and any other provision in any
other section of the Tax Ordinance and any regulation, ruling, procedure and clarification promulgated thereunder, that will be relevant, from time to time. 
 (e) The Company shall register the Exercised Shares issued to the Trustee pursuant to the Plan, in the name of the Trustee for the benefit of the Israeli Holders, in accordance with any applicable laws,
rules and regulations, until such time that such Shares are released from the Trust as herein provided. 
 (f) If the Company
shall issue any certificates representing Exercised Shares under the Plan, then such certificates shall be deposited with the Trustee, and shall be held by the Trustee until such time that such Exercised Shares are released from the Trust as herein
provided. 
 (g) Subject to the terms hereof, at any time after the Awards are exercised or vested, with respect to any
Exercised Shares the following shall apply: 
 (i) Upon the written request of any Beneficial Holder, the Trustee shall release
from the Trust the Exercised Shares issued, on behalf of such Beneficial Holder, by executing and delivering to the Company and/or the Israeli Subsidiary, as the case may be, such instrument(s) as the Company may require, giving due notice of such
release to such Beneficial Holder, provided, however, that the Trustee shall not so release any such Exercised Shares to such Beneficial Holder unless the latter, prior to, or concurrently with, such release, provides the Trustee with
evidence, satisfactory in form and substance to the Trustee, that payment of all taxes, if any, required to be paid upon such release has been secured. 
 (ii) Alternatively, subject to the terms hereof, provided the Shares are listed on a stock market, upon the written instructions of the Beneficial Holder to sell any

 
Exercised Shares, the Company and/or the Trustee shall use their reasonable efforts to effect such sale and shall transfer such Shares to the purchaser thereof concurrently with the receipt of,
or after having made suitable arrangements to secure, the payment of the proceeds of the purchase price in such transaction. The Company and/or the Israeli Subsidiary, as the case may be, and/or the Trustee, as applicable, shall withhold from such
proceeds any and all taxes required to be paid in respect of such sale, shall remit the amount so withheld to the appropriate tax authorities and shall pay the balance thereof directly to the Beneficial Holder, reporting to such Beneficial Holder
the amount so withheld and paid to said tax authorities. 
 5.2 Voting Rights. Unless determined otherwise by the
Committee, as long as the Trustee holds the Exercised Shares, the voting rights at the Company’s general meeting attached to such Exercised Shares will remain with the Trustee. However, the Trustee shall not be obligated to exercise such voting
rights at general meetings nor notify the Holder of any Shares held in the Trust, of any meeting of the Company’s shareholders. 
 Without derogating from the above, with respect to 102 Awards, such shares shall be voted in accordance with the provisions of Section 102 of the Tax Ordinance and any rules, regulations or orders
promulgated thereunder. 
 5.3 Dividends. Subject to any applicable law, tax ruling or guideline of the Israeli Tax
Authority, as applicable, for so long as Shares deposited with the Trustee on behalf of a Beneficial Holder are held in Trust, the cash dividends paid or distributed with respect thereto shall be distributed directly to such Beneficial Holder,
subject further to any applicable taxation on distribution of dividends, and when applicable subject to the provisions of Section 102 of the Tax Ordinance, the 102 Rules and the regulations or orders promulgated thereunder. 

5.4 Notice of Exercise. With respect to a 102 Award held in the Trust, a copy of any notice of exercise shall be provided to the
Trustee, in such form and method as may be determined by the Trustee in accordance with the requirements of Section 102 of the Tax Ordinance. 
  

	6.	Award Agreement: 

 6.1 The
Award Agreement shall state, inter alia, whether the Awards granted to Israeli Holders are 102 Awards (and in particular whether the 102 Awards are granted under the Ordinary Income Route, the Capital Gains Route or as 102(c) Awards), or 3(i)
Awards. Each Award Agreement evidencing a 102 Award shall be subject to the provisions of the Tax Ordinance applicable to such awards. 
 6.2 Furthermore, each Israeli Holder of a 102 Award under a Taxation Route shall be required: (i) to execute a declaration stating that he or she is familiar with the provisions of Section 102
of the Tax Ordinance and the applicable Taxation Route; and (ii) to undertake not to 

 
sell or transfer the Awards and/or the Exercised Shares prior to the lapse of the applicable Minimum Trust Period, unless he or she pays all taxes that may arise in connection with such sale
and/or transfer. 
  

	7.	A Sale Event: 

 In the
event of a Sale Event described in Section 9(d) of the Plan with respect to Exercised Shares held in Trust the following procedure will be applied: The Trustee will transfer the Exercised Shares held in Trust and sign any document in order to
effectuate the transfer of such Exercised Shares, including share transfer deeds, provided, however, that the Trustee receives a notice from the Committee, specifying that: (i) a Sale Event has occurred, in which all or
substantially all of the issued outstanding share capital of the Company is to be sold, and therefore the Trustee is obligated to transfer the Exercised Shares held in Trust under the provisions of Section 9(d) of the Plan; and (ii) the
Company and/or the Israeli Subsidiary, as the case may be, is obligated to withhold at the source all taxes required to be paid upon release of the Shares from the Trust and to provide the Trustee with evidence, satisfactory to the Trustee, that
such taxes indeed have been paid; and (iii) the Company is obligated to transfer the consideration for the Shares (less applicable tax and compulsory payments) directly to the Holders. 

 

	8.	Limitations of Transfer: 

In addition to the provisions of Section 9 of the Plan, as long as Awards and/or Shares are held by the Trustee on behalf of the
Holder, all rights of the Holder over the Shares are personal, cannot be transferred, assigned, pledged or mortgaged, other than by will or pursuant to the laws of descent and distribution. 

 

	9.	Taxation: 

 9.1 Any tax
and other compulsory payments that shall apply in respect of the Awards, shall be borne solely by the Israeli Holder. Furthermore, without derogating from the provisions of Section 10 of the Plan, the Israeli Holder shall indemnify the Trustee
and hold it harmless against and from any and all liability for any such tax, including without limitation, monetary liabilities relating to the necessity to withhold, or to have withheld, any such tax from any payment made to the Israeli Holder.

 9.2 The Trustee shall not be required to release any Awards and/or Shares (or Shares certificate) to an Israeli Holder until
all required tax payments have been fully made or secured. 
 9.3 With regards to 102 Awards, any provision of Section 102
of the tax Ordinance, the 102 Rules and the regulations or orders promulgated thereunder, which is necessary in order to receive and/or to preserve any tax treatment pursuant to Section 102 of the Tax Ordinance, which is not expressly specified
in the Plan or in this Israeli Sub-Plan, shall be considered binding upon the Company and the Israeli Holder. 

 9.4 Guarantee. In the event a 102(c) Award is granted to an Israeli Holder, if the
Holder’s employment or service is terminated, for any reason, such Holder shall provide the Company, and/or the Israeli Subsidiary, as the case may be, to its full satisfaction, with a guarantee or collateral securing the future payment of all
Taxes required to be paid upon the sale of the Exercised Shares received upon exercise of such 102(c) Award, all in accordance with the provisions of Section 102 of the Tax Ordinance, the 102 Rules and the regulations or orders promulgated
thereunder. 
  

	10.	Termination Event: 

 It is
hereby clarified that the Termination of Service Relationship of an Israeli Holder who is an employee of the Company and/or the Israeli Subsidiary, as the case may be, shall be the termination of the employee-employer relationship between the
Israeli Holder and the Company and/or the Israeli Subsidiary, as the case may be. 
  

	11.	Governing Law: 

 The
validity and enforceability of this Israeli Sub-Plan shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to the provisions governing conflict of laws, except to the extent that
mandatory provisions of the laws of the State of Israel apply. 

 FiftyOne, Inc. 
 Personal and Confidential 
  

					
		 	To:                             
(“Optionee”)	  	Date:                     

 Re: Grant Notice (ISO)  

We are happy to notify you that a committee on behalf of the Board of Directors of FiftyOne, Inc. (the “Company”), has
decided to grant to you, pursuant to the “FiftyOne, Inc. 2011 Stock Option and Grant Plan” (the “Plan”), options to purchase shares of Common Stock of the Company (the “Shares”) on specific terms (the
“Options”). Terms used but not defined herein shall have the meaning ascribed to them in the Plan. 
 This
Grant Notice and the Options granted shall be governed by provisions of the Plan and by the following provisions: 
 1.
Number of Options. You are granted                      Options, each of which gives you the right, upon exercise, to purchase one
(1) share of Common Stock, par value $0.01 of the Company. 
 2. Exercise Price. US$
                     per share. 
 3. Vesting Period of the Options. The Options will vest as follows: 

Provided that you continue to be employed by the Company at each such date,
                     Options becoming exercisable on the last day of each calendar month beginning with
                     through
                     and
                     Options becoming exercisable on
                    . 
 Notwithstanding anything in this Grant Notice to the contrary, in the case of a Sale Event, the Options and the Shares shall be treated as provided in Section 3(c) of the Plan; provided, however, in
the event (and only in the event) that the Options or the Shares are assumed or continued by the Company or its successor entity in the sole discretion of the parties to a Sale Event and thereafter remains in effect following such Sale Event, then
50 percent of the then-unvested Shares shall be deemed vested in full upon the date on which the Optionee’s Service Relationship with the Company and its Subsidiaries or successor entity terminates if (A) such termination occurs in
connection with and effective as of the date of, or within 12 months following the date of, such Sale Event and (B) such termination is either by the Company without Cause or by the Optionee for Good Reason. 

4. Termination. In the event that your Service Relationship with the Company ceases for any reason, all Options which are not
vested at the time of the 

 
cessation of employment shall terminate immediately. The rest of the options (if any) shall be exercisable at any time until the end of three (3) months from the cessation of the your
employment (but in no event after the expiration date of such Option), and shall thereafter terminate. 
 Please note that your
right to exercise the Options is subject to further conditions as specified in the Plan. 
 5. Type of Options. (ISO/
NQSO) - ISO. The Options are intended to qualify as an “incentive stock option” as defined in Section 422(b) of the Internal Revenue Code of 1986, as amended from time to time. To the extent that any portion of the Options do not
so qualify, it shall be deemed a non qualified stock option. 
 6. The Plan. The Plan is available for your review and
will be held by the CEO for this purpose. You are requested to review its terms and provisions. Should you require further explanations, please contact the CEO who shall endeavor to assist you to the best of his ability. 

7. Proxy. You hereby undertake to sign and deposit with the Company, upon its request, an irrevocable proxy with respect to the
shares issuable upon the exercise of such Options, to a trustee indicated by the Company. 
  

					
	Sincere congratulations and good luck.	 	
		
	FiftyOne, Inc.	 	
			
	By:	 	  
	 	

 
					
	Name:	 		 	
	Title:	 		 	

 Agreement 
 I hereby confirm my agreement to the terms of this letter: 
  

			
	 Name of Optionee:
                                        

	 	
		
	 Signature:
                                
	 	
		
	 Date:
                                
	 	

 FiftyOne, Inc. 
 Personal and Confidential 
  

					
		 	To:                             
(“Optionee”)	  	Date:                     

 Re: Grant Notice (NQSO)  

We are happy to notify you that a committee on behalf of the Board of Directors of FiftyOne, Inc. (the “Company”), has
decided to grant to you, pursuant to the “FiftyOne, Inc. 2011 Stock Option and Grant Plan” (the “Plan”), options to purchase shares of Common Stock of the Company ( the “Shares”) on specific terms (the
“Options”). Terms used but not defined herein shall have the meaning ascribed to them in the Plan. 
 This
Grant Notice and the Options granted shall be governed by provisions of the Plan and by the following provisions: 
 1.
Number of Options. You are granted                      Options, each of which gives you the right, upon exercise, to purchase one
(1) share of Common Stock, par value $0.01 of the Company. 
 2. Exercise Price. US$
                     per share. 
 3. Vesting Period of the Options. The Options will vest as follows: 

Provided that you continue to be employed by the Company at each such date,
                     Options becoming exercisable on the last day of each calendar month beginning with
                     through
                     and
                     Options becoming exercisable on
                    . 
 Notwithstanding anything in this Grant Notice to the contrary, in the case of a Sale Event, the Options and the Shares shall be treated as provided in Section 3(c) of the Plan; provided, however, in
the event (and only in the event) that the Options or the Shares are assumed or continued by the Company or its successor entity in the sole discretion of the parties to a Sale Event and thereafter remains in effect following such Sale Event, then
50 percent of the then-unvested Shares shall be deemed vested in full upon the date on which the Optionee’s Service Relationship with the Company and its Subsidiaries or successor entity terminates if (A) such termination occurs in
connection with and effective as of the date of, or within 12 months following the date of, such Sale Event and (B) such termination is either by the Company without Cause or by the Optionee for Good Reason. 

4. Termination. In the event that your Service Relationship with the Company ceases for any reason, all Options which are not
vested at the time of the 

 
cessation of employment shall terminate immediately. The rest of the options (if any) shall be exercisable at any time until the end of three (3) months from the cessation of the your
employment (but in no event after the expiration date of such Option), and shall thereafter terminate. 
 Please note that your
right to exercise the Options is subject to further conditions as specified in the Plan. 
 5. Type of Options. (ISO/
NQSO) - NQSO. The Options are not intended to qualify as an “incentive stock option” as defined in Section 422(b) of the Internal Revenue Code of 1986, as amended from time to time. 

6. The Plan. The Plan is available for your review and will be held by the CEO for this purpose. You are requested to review its
terms and provisions. Should you require further explanations, please contact the CEO who shall endeavor to assist you to the best of his ability. 
 7. Proxy. You hereby undertake to sign and deposit with the Company, upon its request, an irrevocable proxy with respect to the shares issuable upon the exercise of such Options, to a trustee
indicated by the Company. 
  

					
	Sincere congratulations and good luck.	 	
		
	FiftyOne, Inc.	 	
			
	By:	 	  
	 	

 
					
	Name:	 		 	
	Title:	 		 	

 Agreement 
 I hereby confirm my agreement to the terms of this letter: 
  

			
	 Name of Optionee:
                                        

	 	
		
	 Signature:
                                
	 	
		
	 Date:

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