Document:

EX-10.41

 Exhibit 10.41 

BLUCORA, INC. 
 RESTATED
1996 FLEXIBLE STOCK INCENTIVE PLAN 
 NOTICE OF GRANT OF PERFORMANCE-VESTING RESTRICTED STOCK UNITS 

Unless otherwise defined herein, the terms defined in the Restated 1996 Flexible Stock Incentive Plan (the “Plan”) of
Blucora, Inc. (the “Company”) will have the same defined meanings in this Notice of Grant of Performance-Vesting Restricted Stock Units (the “Notice of Grant”). 

 

					
		 	Name: 	 	Ajay Kumar
		 	Date of Grant:	 	August 22, 2013
		 	Maximum Award:	 	150,000

 You have been granted an award (the “Award”) of performance-vesting restricted stock units
(“RSUs”) under the Plan on the date specified above (the “Date of Grant”). The aggregate maximum possible number of RSUs subject to the Award is also set forth above (the “Maximum Award”). Each of
the RSUs (a “Unit”) is equivalent to one share of the common stock of the Company (“Stock”) for purposes of determining the number of shares of Stock (a “Share” or “Shares”) subject
to the Award. None of the RSUs will be issued (nor will you have the rights of a stockholder with respect to the underlying Shares) until the following vesting conditions are satisfied: 

Vesting Schedule: Subject to the terms of the Plan, the Notice of Grant, and the Performance-Vesting Restricted Stock Unit Agreement
attached hereto as Exhibit A (the “Agreement”), and provided you remain continuously engaged as an employee of the Company or its Affiliates from the Date of Grant through the applicable vesting dates, the RSUs will
become earned and vested as follows: 
  

	 	•	 	Performance-Based Vesting Conditions: Subject to further time vesting as provided below, the number of RSUs that become earned (the “Performance-Adjusted Units”), if any, during each of the
performance periods described below (each, a “Performance Period”) will not exceed the maximum number specified for such Performance Period (the “Performance Period Maximum Award”) and will be determined in
accordance with the performance measures, targets and methodology set forth in Appendix 1 attached hereto. 

  

									
	 Performance Period
	  	Dates of Performance Period	 	  	Performance Period
Maximum Award	 
	 Performance Period I
	  	 	7/1/13 through 12/31/13	  	  	 	15,000	  
	 Performance Period II
	  	 	1/1/14 through 12/31/14	  	  	 	60,000	  
	 Performance Period III
	  	 	1/1/15 through 12/31/15	  	  	 	75,000	  

	 	•	 	Time-Based Vesting Conditions: In addition to the performance-based vesting conditions stated above, any RSUs that are earned for a Performance Period and become
Performance-Adjusted Units are also subject to the following time-based vesting conditions, and no shares of Stock will be issued in settlement of any such Performance-Adjusted Units until such Performance-Adjusted Units become vested on the dates and in the amounts specified below (the “Vested Performance-Adjusted Units”). 

  

					
	 Vesting Date
	  	% of Total
Performance-Adjusted Units
Vested on Vesting Date	 
	 The Certification Date (as such term is defined in Appendix 1).
	  	 	50	% 
	 At the end of each six-month period after the Measurement Date (as such term is defined in Appendix 1) (i.e., on
June 30 and December 31 of the applicable year), such that the Performance-Adjusted Units earned for a Performance Period will be fully vested on the two-year
anniversary of the Measurement Date for such Performance Period.
	  	 	12.5	% 

 You acknowledge and agree that the Notice of Grant and the vesting schedule set forth herein do not constitute
an express or implied promise of your continued engagement as an employee for the vesting period, for any period, or at all, and will not interfere with your right or the Company’s right to terminate your relationship with the Company or its
Affiliates at any time, with or without cause. 
 You hereby agree to accept as binding, conclusive and final all decisions or
interpretations of the Plan Administrator upon any questions relating to the Plan and the Award. 
 [Signature Page Follows] 

  
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 By your signature below, you agree that the Notice of Grant, including Appendix 1,
the Agreement, the Plan, and any employment agreement entered into between you and the Company, as currently in effect and as may be amended, supplemented or restated from time to time (the “Employment Agreement”), constitute your
entire agreement with respect to the Award and may not be modified adversely to your interest except by means of a writing signed by the Company and you. 
  

			
	 BLUCORA, INC.

		
	By:	 	 /s/ Linda Schoemaker

		 	Linda Schoemaker
		 	General Counsel and Secretary
	
	 /s/ Ajay Kumar

	Ajay Kumar

  
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 APPENDIX 1 

Performance-Based Vesting Conditions 

(a) Definitions. For purposes of the this Appendix 1, capitalized terms used herein and defined in the Notice of Grant shall have the
meanings assigned to them therein, and the following terms will have the following meanings: 
 “Adjusted EBITDA” is
calculated by adjusting GAAP net income, excluding the impact of discontinued operations, net of taxes, income taxes, depreciation, amortization of intangible assets, stock-based compensation, other loss (income), net (which includes such items as
interest expense and interest income, gains or losses from the disposal of assets, adjustment to the fair values of contingent liabilities related to business combinations, gains on resolution of contingencies and litigation settlements),
transaction related expenses and the impact of any purchase accounting adjustments to the extent such impact is not already adjusted. 

“Measurement Date” means the last day of the applicable Performance Period. 

“Performance Goal” means the target achievement for each Performance Metric as set forth on the attached matrix. 

“Revenue” means revenue as reported in accordance with GAAP (which reflects total gross sales less sales returns). 

(b) Performance-Based Vesting. 

(i) The determination of the number of Performance-Adjusted Units will be based on the weighted average percentage achievement of the
following performance metrics (each, a “Performance Metric”) during each Performance Period: 
  

									
	 Performance Metric
	  	Weighting	 	 	Targets & Potential Payouts	 
	 Revenue
	  	 	35	% 	 	 	See Performance Matrix	  
	 Adjusted EBITDA
	  	 	65	% 	 	 	See Performance Matrix	  

 The number of Performance-Adjusted Units for a Performance Period will be determined by multiplying the
Performance Period Maximum Award by the weighted average of the percentage achievements (weighted as set forth in the table above) of the Performance Goal for the Performance Period as set forth on the attached Performance Matrix, which sets forth
the target/plan amounts for each Performance Period, and specifies how the level of target/plan achievement is converted on a scale to achievement under this Award. 

 The Compensation Committee of the Company’s Board of Directors, a Plan Administrator of the
Plan (the “Compensation Committee”), may in its sole discretion adjust the Revenue and Adjusted EBITDA Performance Goal from time to time on or prior to the Certification Date (as defined below) to take into account items such as losses
from discontinued operations, the cumulative effect of accounting changes, acquisitions or divestitures, or sales of assets. 
 (ii) To the
extent the percentage achievement for each Performance Metric is less than the maximum percentage set forth on the attached matrix, any RSUs that do not become Performance-Adjusted Units will immediately be forfeited as of the Certification Date for
the applicable Performance Period. 
 (c) Certification of Performance-Adjusted Units. Within
the first calendar quarter following each Measurement Date but in no event later than March 15 of each such quarter, the Compensation Committee will certify in writing the degree of achievement of the Performance Goal and the number of
Performance-Adjusted Units earned for the applicable Performance Period (the “Certification Date”). 
 (d)
Determinations. All calculations and determinations under this Appendix 1, including without limitation, the determination of the percentage achievement of the Performance Goals, will be made by the Compensation Committee in the exercise of
its sole discretion, and all such calculations and determinations will be final. 

  
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 EXHIBIT A 

BLUCORA, INC. 
 RESTATED
1996 FLEXIBLE STOCK INCENTIVE PLAN 
 PERFORMANCE-VESTING RESTRICTED STOCK UNIT AGREEMENT 

The Company has granted to the employee (the “Employee”) listed on the Notice of Grant to which the Agreement is attached an
Award consisting of RSUs subject to the terms and conditions set forth in the Notice of Grant, including Appendix 1 thereto, and the Agreement. The Award has been granted pursuant to the Plan, the provisions of which are incorporated herein by
reference. 
 Unless otherwise defined herein or in the Notice of Grant, capitalized terms will have the meanings assigned under the Plan or
in the Notice of Grant. 
 1. The Award. The Company hereby awards to the Employee the RSUs set forth in the Notice of Grant, which,
based on the level of attainment of the performance-based vesting described in the Notice of Grant, may result in the Employee earning as little as zero RSUs or as many RSUs as the Maximum Award. Subject to the terms of the Notice of Grant, the
Agreement and the Plan, each Unit of the RSUs, to the extent it is earned and vests and becomes a Vested Performance-Adjusted Unit, represents a right to receive one Share on the applicable vesting
date. Unless and until the RSUs become Vested Performance-Adjusted Units, as set forth in the Notice of Grant, the Employee will have no right to receive Shares. Prior to actual distribution of
Shares pursuant to any Vested Performance-Adjusted Units, any such RSUs and Performance-Adjusted Units will represent an unsecured obligation of the Company, payable (if
at all) only from the general assets of the Company. 
 2. Vesting of Performance-Adjusted
Units. Except as otherwise provided by the Agreement, and subject to Plan Section 16 and to any other relevant Plan provisions, the Performance-Adjusted Units will vest and become Vested Performance-Adjusted Units as provided in the Notice of Grant. The effect of a Company-approved unpaid leave of absence on the terms and conditions of the Award will be
determined by the Plan Administrator and subject to applicable laws. 
 3. Forfeiture upon Termination of Service. Notwithstanding
any contrary provision of the Agreement or the Notice of Grant, if the Employee terminates service as an employee for any or no reason, any RSUs that have not become Vested Performance-Adjusted Units as of the date of termination will be forfeited
at no cost to the Company. 

 4. Payment after Vesting. Any Vested
Performance-Adjusted Units will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares on, or as soon as practicable after, the applicable vesting date (but in
any event, by the fifteenth day of the third month following the tax year in which the Performance-Adjusted Units vest) provided that, to the extent determined appropriate by the Company, the minimum
statutorily required federal, state and local withholding taxes with respect to such Vested Performance-Adjusted Units will be paid by reducing the number of Vested
Performance-Adjusted Units actually paid to the Employee. The Company will not be required to issue fractional Shares upon the settlement of the Vested
Performance-Adjusted Units. 
 5. Payments after Death. Any distribution or delivery to
be made to the Employee under the Agreement will, if the Employee is then deceased, be made to the administrator or executor of the Employee’s estate. Any such administrator or executor must furnish the Company with (a) written notice of
his or her status as transferee and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer. 

6. Corporate Transaction. Notwithstanding any provision herein or in the Plan to the contrary, in the event of any Corporate
Transaction during a Performance Period, any outstanding RSUs that have not previously become Performance-Adjusted Units and have not previously been forfeited will become Performance-Adjusted Units at the level of 100% of plan achievement, as set
forth on the attached matrix, immediately prior to the effective date of the Corporate Transaction. Any RSUs that do not become Performance-Adjusted Units in accordance with this paragraph 6 will be canceled upon the effectiveness of the Corporate
Transaction. Any Performance-Adjusted Units will be treated in the same manner as outstanding RSUs that are time-vested are treated in the Corporate Transaction in accordance with the terms of the Plan, the Notice of Grant and the Agreement. 

7. Rights as Stockholder. Neither the Employee nor any person claiming under or through the Employee will have any of the rights
or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares will have been issued, recorded on the records of the Company or its transfer agents or registrars,
and delivered to the Employee or the Employee’s broker. 
 8. No Effect on Employment. The Employee’s employment with
the Company and its Affiliates is on an at-will basis only. Accordingly, the terms of the Employee’s employment with the Company and its Affiliates will be determined from time to time by the Company or
the Affiliates employing the Employee (as the case may be), and the Company or the Affiliates will have the right, which is hereby expressly reserved, to terminate or change the terms of the employment of the Employee at any time for any reason
whatsoever, with or without good cause or notice. 
 9. Address for Notices. Any notice to be given to the Company under the
terms of the Agreement will be addressed to the Company at 10900 NE 8th Street, Suite 800, Bellevue, WA 98004; Attn: Stock Administration, or at such other address as the Company may
hereafter designate in writing or electronically. 

  
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 10. Award is Not Transferable. Except to the limited extent provided in
paragraph 5, the Award and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment
or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of the Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, the Award and
the rights and privileges conferred hereby immediately will become null and void. 
 11. Binding Agreement. Subject to the
limitation on the transferability of the Award contained herein, the Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 

12. Additional Conditions to Issuance of Stock. If at any time the Company will determine, in its discretion, that the listing,
registration or qualification of Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the issuance of Shares to the
Employee (or his or her estate), such issuance will not occur unless and until such listing, registration, qualification, consent or approval will have been effected or obtained free of any conditions not acceptable to the Company. The Company will
make all reasonable efforts to meet the requirements of any such state or federal law or securities exchange and to obtain any such consent or approval of any such governmental authority. 

13. Plan Governs. The Agreement and the Notice of Grant are subject to all terms and provisions of the Plan. In the event of a
conflict between one or more provisions of the Agreement or the Notice of Grant and one or more provisions of the Plan, the provisions of the Plan will govern. 

14. Plan Administrator Authority. The Plan Administrator will have the power to interpret the Plan and the Agreement and to adopt
such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any RSUs have become Performance-Adjusted Units and whether or not any Performance-Adjusted Units have become Vested Performance-Adjusted Units). All
actions taken and all interpretations and determinations made by the Plan Administrator in good faith will be final and binding upon the Employee, the Company and all other interested persons. No member of the Plan Administrator will be personally
liable for any action, determination or interpretation made in good faith with respect to the Plan or the Agreement. 
 15. Governing
Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the internal substantive laws of the State of Washington without reference to any choice of law rules. 

  
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 16. Employment Agreement; Conflicting Terms. Notwithstanding anything to the contrary
contained in the Notice of Grant, in the Agreement or in the Plan, in the event of any conflict between the terms and conditions of the RSUs as set forth in the Notice of Grant, in the Agreement and in the Plan, as the case may be, and the terms and
conditions of the Employment Agreement, the terms and conditions of the Employment Agreement will prevail. 

  
 -4-EX-10.42

 Exhibit 10.42 

BLUCORA, INC. 

NONEMPLOYEE DIRECTOR COMPENSATION PROGRAM 

(effective as of January 1, 2014) 

The directors of Blucora, Inc. (the “Company”) who are not employees of the Company or its affiliates (each, an
“Eligible Director” and collectively, “Eligible Directors”) shall be entitled to receive the following cash and equity compensation in consideration of the services provided by them as members of the Board of
Directors of the Company (the “Board”) and its committees commencing effective as of January 1, 2014. 
  

	A.	CASH COMPENSATION 

 The following provisions set forth the terms of the Company’s
cash compensation program for Eligible Directors (the “Cash Compensation Program”). 
  

	 	1.	Retainers 

 Eligible Directors shall be paid cash retainers as follows
(the “Retainers”): 
  

	 	•	 	All Eligible Directors shall receive an annual cash retainer of $20,000 (payable in equal quarterly installments of $5,000) for their services on the Board. 

 

	 	•	 	The Chairperson of the Board shall receive an additional annual cash retainer of $25,000 (payable in equal quarterly installments of $6,250). 

 

	 	•	 	The Chairperson of the Audit Committee shall receive an additional annual cash retainer of $14,000 (payable in equal quarterly installments of $3,500). 

 

	 	•	 	Each of the other members of the Audit Committee shall receive an additional annual cash retainer of $4,000 (payable in equal quarterly installments of $1,000). 

 

	 	•	 	The Chairperson of the Compensation Committee shall receive an additional annual cash retainer of $8,000 (payable in equal quarterly installments of $2,000). 

 

	 	•	 	Each of the other members of the Compensation Committee shall receive an additional annual cash retainer of $3,000 (payable in equal quarterly installments of $750). 

 

	 	•	 	The Chairperson of the Nominating and Governance Committee shall receive an additional annual cash retainer of $5,000 (payable in equal quarterly installments of $1,250). 

 

	 	•	 	Each of the other members of the Nominating and Governance Committee shall receive an additional annual cash retainer of $2,000 (payable in equal quarterly installments of $500). 

	 	•	 	Each member of the Mergers and Acquisitions Committee shall receive an annual cash retainer of $4,000 (payable in equal quarterly installments of $1,000). 

The Retainers shall be paid in advance in equal quarterly installments for services rendered during each quarter of the
calendar year and shall be due and payable as soon as practicable after the first day of the quarter in which such services are to be rendered (i.e., as soon as practicable after January 1, April 1, July 1 and
October 1). Eligible Directors shall be entitled to full payment for each quarter of service so long as such Eligible Directors are serving in the capacities for which they receive such payments on the first day of each such quarter. In the
event that new directors or committee chairs or members who are Eligible Directors are appointed or elected during the course of any quarter, payments to any such newly elected Eligible Directors shall be pro-rated to reflect the actual number of
days served during the quarter in which they were elected or appointed. 
  

	 	2.	Expenses 

 Eligible Directors shall also be reimbursed, as has been
customary, for reasonable expenses incurred in connection with travel to and from Board or committee meetings or other functions for the benefit of the Company. 
  

	B.	EQUITY COMPENSATION 

 The following provisions set forth the terms of the Company’s
equity compensation program for Eligible Directors (the “Equity Compensation Program”) under the Restated 1996 Flexible Stock Incentive Plan, as may be amended and restated from time to time (the “Plan”), which
terms are intended to supplement, not alter or change, the provisions of the Plan, and in the event of any inconsistency between the terms of the Equity Compensation Program and the terms of the Plan, the Plan shall govern. 

 

	 	1.	Initial Awards 

 a. On the date of each Eligible Director’s initial
election or appointment to the Board (the “Initial Appointment Date”), such Eligible Director shall automatically receive the following initial awards (the “Initial Awards”): 

 

	 	•	 	a nonqualified stock option (an “NSO”) having an initial value of $45,000 (the “Initial NSO”); and 

 

	 	•	 	restricted stock units (“RSUs”) having an initial value of $105,000 (the “Initial RSUs”). 

  
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 b. On the Initial Appointment Date, the values of the Initial Awards, as set
forth above, shall be converted as follows: 
  

	 	•	 	The value of the Initial NSO shall be converted into an appropriate equivalent number of shares of the Company’s common stock (the “Common Stock”) subject to the Initial NSO by (i) dividing
the value of the Initial NSO by the closing selling price of the Common Stock, as reported on the NASDAQ Global Select Market (“NASDAQ”) on the Initial Appointment Date, or if there is no such reported price for the Common Stock on
the Initial Appointment Date, then such price on the last preceding date for which such price exists (the “Initial Appointment Date Closing Price”), then (ii) multiplying the result by a factor (not to exceed 4:1) representing
the difference in value between an NSO and an RSU, under the Company’s equity valuation methodology, on the last business day of the month immediately preceding the month in which the Initial Appointment Date occurs or if the Initial
Appointment Date occurs on the last business day of a month, on the Initial Appointment Date, with any resulting fractional share of Common Stock subject to the Initial NSO rounded down to the nearest whole share. 

 

	 	•	 	The value of the Initial RSUs shall be converted into the appropriate equivalent number of Initial RSUs, with each unit (a “Unit”) of the Initial RSUs representing the right to receive one share of
Common Stock, by dividing the value of the Initial RSUs by the Initial Appointment Date Closing Price, with any resulting fractional Unit rounded down to the nearest whole Unit. 

c. The Initial Awards shall vest according to the following schedule and be subject to the other terms and conditions described
below: 
  

	 	•	 	The Initial Awards shall vest annually over three years on the anniversary of the Initial Appointment Date, provided that the Eligible Director is a member of the Board on such dates. 

 

	 	•	 	The exercise price of the Initial NSO shall be the Initial Appointment Date Closing Price, which is also the “fair market value” of the Common Stock on the Initial Appointment Date. 

 

	 	•	 	The Initial NSO shall expire on the seven-year anniversary of the Initial Appointment Date, unless the Initial NSO expires sooner pursuant to its terms. 

 

	 	•	 	The Initial Awards shall be subject to the terms and conditions of the Plan and shall have such other terms as are set forth in the Company’s standard forms of Eligible Director equity agreements in use at such
time and as appropriately modified to reflect the Initial Awards. 

  
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	 	2.	Annual Awards 

 a. Each year on the date of the annual meeting (the
“Annual Meeting”) of the Company’s stockholders (the “Annual Meeting Date”), each Eligible Director who is a duly elected or appointed member of the Board immediately following the conclusion of the Annual
Meeting shall automatically receive the following annual awards (the “Annual Awards”): 
 i. All Eligible
Directors, including any Eligible Director who is Chairperson of the Board and any Eligible Director who may initially have been elected or appointed to the Board on the Annual Meeting Date, shall automatically receive: 

 

	 	•	 	an NSO having an initial value of $45,000 (the “Annual Eligible Director NSO”); and 

  

	 	•	 	RSUs having an initial value of $105,000 (the “Annual Eligible Director RSUs”). 

ii. In addition, any Eligible Director who is also Chairperson of the Board immediately following the conclusion of the Annual
Meeting shall also automatically receive: 
  

	 	•	 	an NSO having an initial value of $15,000 (the “Annual Chairperson NSO”); and 

  

	 	•	 	RSUs having an initial value of $35,000 (the “Annual Chairperson RSUs”). 

b. On the Annual Meeting Date, the values of the Annual Awards, as set forth above, shall be converted as follows: 

 

	 	•	 	 The values of the Annual Eligible Director NSO and the Annual Chairperson NSO (the “Annual NSOs”) shall be converted into an
appropriate equivalent number of shares of Common Stock subject to the Annual NSOs by (i) dividing the value of the Annual NSOs by the closing selling price of the Common Stock, as reported on NASDAQ on the Annual Meeting Date, or if there is
no such reported price for the Common Stock on the Annual Meeting Date, then such price on the last preceding date for which such price exists (the “Annual Meeting Date Closing Price”), then (ii) multiplying the result by a
factor (not to exceed 4:1) representing the difference in value between an NSO and an RSU, under the Company’s equity valuation methodology, on the last business day of the month immediately preceding the month in which the Annual Meeting Date
occurs or if the Annual Meeting Date occurs on the last business day of a month, on the Annual Meeting Date, with any resulting fractional share of Common Stock subject to the Annual NSOs rounded down to the nearest whole share.

  
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	 	•	 	The values of the Annual Eligible Director RSUs and the Annual Chairperson RSUs (the “Annual RSUs”) shall be converted into the appropriate equivalent number of Annual RSUs, with each Unit of the Annual
RSUs representing the right to receive one share of Common Stock, by dividing the value of the Annual RSUs by the Annual Meeting Date Closing Price, with any resulting fractional Unit rounded down to the nearest whole Unit. 

c. The Annual Awards shall vest according to the following schedule and be subject to the other terms and conditions described
below: 
  

	 	•	 	The Annual Awards shall vest in full (100%) on the earlier to occur of the one-year anniversary of the Annual Meeting Date or the date of the next Annual Meeting, provided
that, with respect to the Annual Eligible Director NSO and the Annual Eligible Director RSUs, the Eligible Director is a member of the Board on such dates, and with respect to the Annual Chairperson NSO and the Annual Chairperson RSUs, the Eligible
Director is Chairperson of the Board on such dates. 

  

	 	•	 	The exercise price of the Annual NSOs shall be the Annual Meeting Date Closing Price, which is also the “fair market value” of the Common Stock on the Annual Meeting Date. 

 

	 	•	 	The Annual NSOs shall expire on the seven-year anniversary of the Annual Meeting Date, unless the Annual NSO expires sooner pursuant to its terms. 

 

	 	•	 	The Annual Awards shall be subject to the terms and conditions of the Plan and shall have such other terms as are set forth in the Company’s standard forms of Eligible Director equity agreements in use at such time
and as appropriately modified to reflect the Annual Awards. 

 d. In the event that an Eligible Director is
initially elected or appointed to the Board on any date other than the Annual Meeting Date, such Eligible Director shall, instead, automatically receive the Annual Eligible Director NSO and the Annual Eligible Director RSUs on the Initial
Appointment Date; provided, however, that (i) the values of the Annual Eligible Director NSO and the Annual Eligible Director RSUs, as set forth above, shall be prorated to reflect the number of days that such Eligible Director will serve on
the Board based on a period of time commencing as of the Initial Appointment Date and ending on the one-year anniversary of the last preceding Annual Meeting Date (the “Prorated Annual
Awards”); (ii) the values of the Prorated Annual Awards shall be converted on the Initial Appointment Date in the same manner as the Initial Awards; 

  
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(iii) the exercise price of the prorated Annual Eligible Director NSO (the “Prorated Annual NSO”) shall be the Initial Appointment Date Closing Price, which is also the
“fair market value” of the Common Stock on the Initial Appointment Date; and (iv) the Prorated Annual NSO shall expire on the seven-year anniversary of the Initial Appointment Date, unless the
Prorated Annual NSO expires sooner pursuant to its terms. In all other respects, the terms and conditions of the Prorated Annual Awards, including, without limitation, the vesting schedules of the Prorated Annual Awards, shall be the same as the
Annual Awards granted on the last preceding Annual Meeting Date. 

  
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