Document:

Exhibit 4.5

  

					
		 		 	

			
	E1	 	SHELL ANNUAL REPORT AND FORM 20-F 2013	 	EXHIBIT 4.5

  

	
	EXHIBIT 4.5

CONTRACT OF EMPLOYMENT 
 Annex to letter of 20 December 2013 

The undersigned: 
 1. The public limited liability company SHELL PETROLEUM
N.V., with its registered offices at Carel van Bylandtlaan 30, 2596 HR The Hague, (the “Employer”), 
 and 

2. Chief Executive Officer, residing xxxxxxxxxx, (the “Employee”), 

WHEREAS: 
 Employer and Employee wish to enter into a contract of employment and wish
to record the provisions thereof in writing; 
 AGREE AS FOLLOWS 
 ARTICLE
1 DURATION, POSITION AND LOAN ASSIGNMENT 
 1.1 The Employee will enter the employment of the Employer for an indefinite period in the position of Executive
Director (member of the Board of Directors) of Employer with effect from 1 January 2014. The Employee will perform his work on a full time basis. 

1.1 Royal Dutch Shell plc (“RDS”) has appointed the Employee as its Chief Executive Officer and member of its Board of Directors with effect from
1 January 2014. Consequently, the Employee will be loan assigned by the Employer to RDS in accordance with the terms of the loan assignment agreement that is attached to this contract of employment as ATTACHMENT 1. For the avoidance of
doubt, the parties acknowledge that it is not the intention of the parties to create any contract of employment or management agreement between RDS and the Employee. 

ARTICLE 2 WORK LOCATION 
 2.1 The Employee’s principal place of work
will be at the offices of the Employer and/or any member of the Royal Dutch Shell Group in The Hague, the Netherlands. 
 2.2 It is a requirement of this contract
of employment that the Employee is prepared to work at other locations in the Netherlands and elsewhere overseas at a future date if required to do so, in each case possibly for other companies in the Royal Dutch Shell Group. In addition, in
performing his duties, the Employee will be required to travel extensively inside and outside the Netherlands, in accordance with business requirements. 
 ARTICLE
3 SALARY 
 3.1 The Employee will receive a pensionable base salary (“PBS”) of
€1,400,000 gross per annum, to be paid in twelve monthly instalments. The PBS will be reviewed annually by the Remuneration Committee (“REMCO”) of the Board of
RDS. REMCO may advise the Employer to increase the PBS following their review, however there is no guarantee that such a review will result in any increase in PBS. The statutory minimum holiday allowance is deemed to be included in the PBS. 

ARTICLE 4 ANNUAL BONUS 
 4.1 The Employee is eligible to be considered for
an annual bonus. Bonus payments are discretionary. The level of any bonus payable for each year will be established by the Board of RDS based on the recommendation of REMCO. On an annual basis, a bonus letter incorporating the annual bonus
performance targets and conditions will be issued and will require the Employee’s acceptance in order to be eligible for a discretionary bonus. 
 ARTICLE
5 SHARE-BASED PLANS 
 5.1 The Employee is eligible to be considered for awards under the rules of the Long-term Incentive Plan and the Deferred Bonus plan.
These plans operate at the discretion of the Board of RDS, and may be amended, varied or withdrawn at any time. Participation in these plans and awards granted will be at the discretion of the Board of RDS and subject to the relevant plan rules.

 ARTICLE 6 MALUS AND CLAWBACK 
 6.1 Bonus payments or share awards under the
relevant plan rules are subject to the malus and clawback provisions applicable to the relevant payment or award. Annually, the Employee will be asked to complete a bonus letter (referred to in 4.1) acknowledging the applicable malus and clawback
provisions in respect of the bonus. 

  

					
		 		 	
			
	E2	 	SHELL ANNUAL REPORT AND FORM 20-F 2013	 	REPORTS.SHELL.COM

  

 ARTICLE 7 PENSION 
 7.1 The
Employee will continue to be a member of the Stichting Shell Pensioenfonds and the Employee’s rights and obligations in relation to pension (including those relating to payment of contribution) will be governed by the applicable regulations of
Stichting Shell Pensioenfonds as amended from time to time. 
 ARTICLE 8 FINANCIAL CONTRIBUTION FOR MEDICAL INSURANCE 

8.1 The Employer will pay a voluntary contribution to the costs of medical insurance, the ‘Financial Allowance for Medical Insurance’. Whether a Financial
Allowance for Medical Insurance is paid and, if so, its amount is entirely at the Employer’s discretion and any such contribution will be paid at the same time as the monthly instalments of PBS. 

ARTICLE 9 COMPANY PROVIDED CAR, CORPORATE AIRCRAFT AND CAR ALLOWANCE 
 9.1 A
dedicated company car and driver will be available to the Employee to provide transport for business related purposes. This will generally cover travel: 
  

	n	 	from home in the Netherlands to work and vice versa; 

	n	 	to meetings relating to the performance of the Employee’s duties within the Netherlands; and 

	n	 	to and from the airport for trips for business reasons. 

 The facility is not available for private purposes, such as
holidays. It is not available for use by the Employee’s family members unless they are accompanying the Employee on official company business or attending a function in an official company capacity, or otherwise require transportation for
company business reasons. 
 9.2 The Employee will be classified as an ‘A’ priority authorised user of company aircraft. As such, the Employee may use
and schedule short haul, medium range and intercontinental flights from the corporate fleet of aircraft as the Employee requires for business purposes and subject to the operating procedures of Shell Aircraft. The same restrictions for private and
family use apply as for the use of the company car. 
 9.3 The Employee will receive a monthly car allowance of €1,200 gross. This allowance will be paid at the same time as the monthly instalment of PBS. 

9.4 The company car, corporate aircraft and car allowance policies operate at the Employer’s discretion and may be amended, varied or withdrawn at any time.

 ARTICLE 10 LEAVE 
 10.1 The Employee is entitled to 30 working days of
holiday leave per calendar year, based on full-time employment. 
 10.2 The Employer can nominate a maximum of two ‘bridging days’ per calendar year.

 ARTICLE 11 LOANS 
 11. 1 The Employee will not be entitled to receive
any loans, guarantees or other financial support from any company in the Royal Dutch Shell Group. 
 ARTICLE 12 BUSINESS EXPENSES 

12.1 The Employee will be able to recover expenses incurred by the Employee for company business purposes in accordance with the applicable procedures of the Royal
Dutch Shell Group from time to time. Such expense claims are subject to audit. An internal audit of the Employee’s expenses is expected to take place bi-annually. 

ARTICLE 13 HOME SECURITY 
 13.1 Employer will carry out an assessment of the
security arrangements for the Employee’s prime and – if applicable – secondary home from time to time. This assessment covers such items as: perimeter protection, lighting, physical protection of the building, intrusion detection and
alarm response systems. The Employee will implement such security arrangements in relation to such home(s) as deemed necessary by the Employer following that assessment. The costs of such necessary arrangements are for the account of the Employer.

 ARTICLE 14 OTHER BENEFITS, APPLICABLE RULES AND SAFETY REGULATIONS 

14.1 Other discretionary benefits are provided in accordance with the policies and practices applicable to staff in The Netherlands. These benefits change from time
to time and some exclude the participation of Executive Directors notably, for instance, the Life Cycle Savings Scheme. Details of Netherlands policies and practices can be found on HR Online. Discretionary benefits are occasionally referred to in
this contract of employment and the offer letter. If there is a conflict or inconsistency between the provisions relating to discretionary benefits in these documents and wording relating to the same benefits on HR Online, the wording in the
contract of employment and the offer letter shall prevail. 
 14.2 The Employee is required to conduct himself appropriately having regard to his responsibilities
and duties. The Employee is required familiarise himself with the contents of the Royal Dutch Shell plc Directors’ Handbook and comply with the policies contained therein, including the Shell General Business Principles, the Shell Code of
Conduct (and the detailed rules which derive from them such as – but not limited to – the Anti Bribery and Corruption Manual, Conflict of Interest Policy, Securities Dealing Code and the Life Saving Rules), the Securities Dealing Guidance
for Directors as well as the Reminder – Share Dealing Restrictions which accompany the Royal Dutch Shell plc Board Book, in each case as amended or replaced from time to time. The Employee acknowledges that he has received current copies of
these documents. 

  

					
		 		 	

			
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 14.3 The Employee shall comply with the HSSE policy of the Employer and all rules which apply in any location where he
carries out his work under this contract which are intended, amongst other things, to ensure his safety and that of his co-workers, in each case as amended or replaced from time to time. The Employee acknowledges that he has received current copies
of these documents. 
 ARTICLE 15 CONFIDENTIALITY AND COMPANY PROPERTY 

15.1 Both during the employment under this contract and following its termination for any reason whatsoever, the Employee will keep secret all matters of which he
gains knowledge in his capacity as Executive Director / Chief Executive Officer, member of the Board of Directors of RDS, member of the Board of Directors of Employer, employee of Employer, or as director or employee of any other company in the
Royal Dutch Shell Group and of which he knows or can reasonably suspect that knowledge thereof by third parties would or could harm the interests of any member of the Royal Dutch Shell Group or its employees or contacts, and will only use it in the
performance or furtherance of his duties under this contract. 
 15.2 The Employee is prohibited from retaining documents and/or correspondence and/or other data
carriers and/or copies thereof, which belong to any company in the Royal Dutch Shell Group in any way, except insofar and for as long as this is required to carry out his duties under this contract. In any case, the Employee is obliged to return
such documents and/or correspondence and/or other data carriers and/or copies thereof to the Employer immediately when the employment under this contract ends or when he is not actively working for any reason, irrespective of whether any request is
made by the Employer to that effect. 
 15.3 At the end of the employment under this contract the Employee will also return all other company property, such as
access passes, laptops, telephones, keys, company cards, manuals, documentation in any form (hard and/or soft copy) and all other property of any company in the Royal Dutch Shell Group to the Employer undamaged, or return them in a manner specified
by the Employer. 
 15.4 For any breach of a prohibition and/or obligation described in this article, the Employee will pay to the Employer an immediately payable
fine of €5,000 per breach and a sum of €500 for every day or part of a day that the Employee is in
breach without prejudice to the Employer’s right to demand specific performance or claim full compensation. 
 ARTICLE 16 ADDITIONAL WORK 

16.1 If the Employee wishes to carry out work and/or wishes to undertake secondary employment in each case in addition to the work he performs and / or his duties
and responsibilities under this contract of employment, he may only do so subject to the applicable rules concerning such additional work / secondary employment, such as – but not limited to – the Code of Conduct, Conflict of Interest
Policy, HR Online and the policy on external directorships. 
 ARTICLE 17 NON-COMPETITION CLAUSE 

17.1 The Employee is prohibited from doing the following for a period of 12 months following the end of this contract without the prior written consent from the
Employer: 
  

	n	 	set up or carry on a business involving activities which are similar to or compete with those of any company in the Royal Dutch Shell Group; 

	n	 	carry out work directly or indirectly, either for free or for remuneration, for an organisation with activities which are similar to or compete with those of any company in the Royal Dutch Shell Group, whether or not on
the basis of a contract of employment; 

	n	 	have a direct or indirect interest in a business which competes with any company in the Royal Dutch Shell Group if this results in a Conflict of Interest as described in the Code of Conduct; 

	n	 	directly or indirectly, on his own behalf or for others, for remuneration or not, in any form do business with or maintain commercial contacts in any form with or work for or be involved with or have an interest in
(future) customers or contacts of any member of the Royal Dutch Shell Group with which the Employee has come into contact as a result of his employment with any company in the Royal Dutch Shell Group; 

	n	 	approach employees of any company in the Royal Dutch Shell Group with the intention of causing or encouraging those employees to terminate their employment or detrimentally affecting their employment relationship with
their employer in the Royal Dutch Shell Group. 

 17.2 The provisions of paragraph 1 of this article also apply to activities in which any company
in the Royal Dutch Shell Group has become involved after the signing of this contract. 
 17.3 The provisions of paragraph 1 and paragraph 2 of this Article will
remain applicable if the scope of the Employee’s work is extended or restricted after entering into this contract. The parties acknowledge that such a change in the scope will be deemed to have been part of the Employee’s scope of work
from the start of this contract. 
 17.4 For any breach of a prohibition and/or obligation described in this article, the Employee will pay to the Employer an
immediately payable fine of €5,000 per breach and a sum of €500 per day for every day or part of
a day that the Employee is in breach without prejudice to the Employer’s right to demand specific performance or claim full compensation. 
 ARTICLE
18 INTELLECTUAL PROPERTY 
 18.1 The Employee will inform the Employer (or a third party to be nominated by the Employer) of any invention which he has made
during his employment as soon as it is made or becomes known but in any case following a request to that end from the Employer. Section 12 of the Patents Act 1995 (Rijksoctrooiwet 1995) applies in that respect. 

18.2 If the nature of the Employee’s employment requires the Employee to use his particular knowledge to make inventions of the same kind as those covered by
the notification of the invention, the patent rights will accrue to the Employer (or to a third party to be nominated by the Employer). 

  

					
		 		 	
			
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 18.3 If the nature of the Employee’s employment does not require the Employee to use his particular knowledge to
make inventions of the same kind as those covered by the notification of the invention, the following will apply: 
  

	n	 	if the invention is demonstrably connected with the activities of any company in the Royal Dutch Shell Group, the patent rights will accrue to the Employer (or to a third party to be nominated by the Employer);

	n	 	If the Employer does not consider that such a connection exists, and if the Employer (or the aforementioned third party) does not wish to exercise its patent rights, the Employer will inform the Employee of this in
writing ultimately within six months of being notified of the invention. The Employee will then have the right to dispose freely of the invention. At the same time the duty of confidentiality described in Article [15] thereby lapses purely with
regard to the invention itself; 

	n	 	If the Employer (or the aforementioned third party) wishes to exercise the patent rights assigned to it, the Employer will pay the Employee a fair amount taking into account the monetary value of the invention and the
circumstances under which it was made. 

 18.4 The Employee undertakes to cooperate fully and carry out all formalities if so requested, even after
his employment has ended, in order to enable the Employer to apply for, obtain and/or uphold patent rights anywhere in the world, and to assign all rights relating to the invention to the Employer or any third party nominated by the Employer where
necessary. The costs associated with the cooperation will be for the account of the Employer. The Employer is not obliged to apply for patent rights which accrue or are assigned to it. 

18.5 All other intellectual property rights relating to documents, computer programs, trademarks, drawings, models etc. which have arisen through the
Employee’s creative efforts in the context of his employment will accrue to the Employer. If the situation requires, the Employee hereby assigns all his rights to these intellectual property rights to the Employer with regard to those
intellectual property rights which do not legally accrue to the Employer. Insofar as these intellectual property rights have not been assigned to the Employer, the Employee is obliged to assign such rights to the Employer anywhere in the world at
the Employer’s first request, even after the Employee’s employment has ended. 
 18.6 For any breach of a prohibition and/or obligation described in
this Article, the Employee will pay to the Employer an immediately payable fine of €5,000 per breach and a sum of
€500 per day for every day or part of a day that the Employee is in breach without prejudice to the Employer’s right to demand specific performance or claim full
compensation. 
 ARTICLE 19 INCAPACITY FOR WORK 
 19.1 In the event of
incapacity for work the PBS and other emoluments will be paid to the Employee during such incapacity in accordance with the rules applicable at that time as published from time to time on HR Online. Such current rules may cease to apply, be replaced
or may be amended during the Employee’s employment under this contract and any such new, replaced or amended rules will apply to any absence of the Employee due to incapacity. If rules cease to apply, are replaced or are amended, the Employee
cannot make any claim under the previous versions of the rules. 
 ARTICLE 20 AMENDMENT CLAUSE 

20.1 The Employer may unilaterally amend this contract of employment, including any relevant plan rules, applicable policies or other rules relevant to the terms of
employment, to the maximum extent permitted by the laws of the Netherlands. 
 20.2 The offer letter and the relevant plan rules, applicable policies or other
rules relevant to the terms of employment, as they apply from time to time, form part of this contract of employment. Consequently, the rules may cease to apply, be replaced or may be amended during the Employee’s employment under this contract
and any new, replaced or amended rules will apply to the Employee. If rules cease to apply, are replaced or are amended, the Employee cannot make any claim under the previous versions of the rules. 

ARTICLE 21 END OF EMPLOYMENT ARRANGEMENTS 
 21.1 It is recognised that the
Employee may be requested by the Employer to leave employment at a date which is sooner than he may have personally planned. It is the intent of the Employer that such departure is managed in a responsible manner and taking into account the
expectation from shareholders that any compensation paid associated with such departure is appropriate. Therefore, the following policy will be applied upon termination of the employment. 

The Employee can receive a maximum compensation of one times PBS plus the annual bonus percentage if his employment is terminated at the initiative of Employer and no
other role with any company in the Royal Dutch Shell Group has been offered to the Employee, unless the Employee is not eligible pursuant to article 21.2 of this contract of employment. 

For the avoidance of doubt for the purposes of this Article 21: 
  

	n	 	“PBS” means the PBS applicable at the termination date of employment. 

	n	 	“annual bonus percentage” means the bonus percentage that has been agreed at the date of termination to be the basis for calculating any annual bonus that may be awarded pursuant to the discretionary
bonus arrangements. 

	n	 	Termination of employment in this context means the termination of the Employee’s employment with a company in the Royal Dutch Shell Group in such a way that Employee is no longer employed by any company in the
Royal Dutch Shell Group. 

 21.2 The Employee will be not be eligible for a compensation on the basis of this Article 21 if the employment is
terminated as a result of: 
 a. a summary dismissal by the Employer or rescission of the contract of employment by a Court on the basis of an ‘urgent
reason’ or ‘dringende reden’; 
 b. a shareholder decision or rescission by a Court of the contract of employment on the basis of an
‘important reason’ or ‘gewichtige reden’, which includes, without limitation, reasons such as poor performance, gross misconduct or other misconduct materially damaging the Employer’s interests or those of any company
in the Royal Dutch Shell Group; 

  

					
		 		 	

			
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 c. Employee serving notice of termination; 

d. disability, injury, death or ill-health when other policies apply; or 
 e. Employee
reaching the pensionable age according to the provisions of the applicable pension scheme. 
 21.3 To avoid cumulative compensation payments, these end of
employment arrangements are always applied at the exclusion of other provisions, such as national policies or individual arrangements, relating to severance payments. The end of employment arrangements as described and agreed in the letter dated
31 October 2012 will therefore lapse on 1 January 2014. 
 21.4 Payment of any compensation as described in this Article 21 is conditional upon Employee
signing a full and final discharge, which will include a waiver of any contractual, statutory, tortious or other claim of any nature the Employee may have arising out of or in connection with the loss of office or his employment with the Employer or
any company in the Royal Dutch Shell Group, or its termination (whether under the laws of the Netherlands, those of England and Wales, the European Union or any other law) which the Employee may have against the Employer or any company in the Royal
Dutch Shell Group or their directors, officers, agents or employees. 
 21.5 The Employee has a duty to seek alternative employment to mitigate the damages that
are meant to be compensated through these end of employment arrangements. The Employer reserves the right to adjust the amount of compensation downwardly or to defer payment of (a part of) the compensation, to be able to take into account the
circumstances and mitigating actions, or lack thereof, by the Employee and taking into account shareholder expectations. 
 ARTICLE 22 END OF EMPLOYMENT 

22.1 Without prejudice to the provisions of Section 10 of Book 7 of the Dutch Civil Code: 

a. either party may terminate this contract by giving written notice to the other at the end of a calendar month, observing the statutory notice period; 

b. the employment of the Employee under this contract ends on the last day of the month in which the Employee reaches pensionable age according to the provisions of the
pension scheme applicable to him, without requiring notice; 
 c. the acceptance of a contract of employment by the Employee with another company belonging to or
affiliated with the Royal Dutch Shell Group will be regarded and accepted by the Employer as the termination of the contract of employment by the Employee on the date on which he starts with that other employer, without requiring notice from the
Employee. 
 ARTICLE 23 CONDITIONS 
 23.1 This contract of employment will
not become effective unless the following conditions precedent have been fulfilled before 1 January 2014: 
 a. a pre-employment check, if any, to be carried out
by or on behalf of Employer, the results of which are to the satisfaction of the Employer. This may include checks on the information provided by the Employee or references; 

b. to the extent required, the prior clearance of the Employee by any authority regulating any company in the Royal Dutch Shell Group; 

c. if applicable, the Employee obtaining the required work permit in the Netherlands for at least the duration of this contract; 

d. if applicable, the Employee passing a medical examination, to the satisfaction of the Employer, for the performance of the agreed work, taking into account expected
long working hours and extensive travel. 
 23.2 Without prejudice to the provisions of Section 10 of Book 7 of the Dutch Civil Code, this contract of
employment will terminate by operation of law with immediate effect if after the effective date: 
 a. any required clearance of Employee by any authority regulating
any company in the Royal Dutch Shell Group is not received or is withdrawn; 
 b. any required work permit of the Employee in the Netherlands is not received or
withdrawn; or 
 c. any information provided by the Employee to the Employer in connection with this employment contract, either before or after the effective date, is
inaccurate, incomplete or misleading. 
 ARTICLE 24 DEFINITION OF ROYAL DUTCH SHELL GROUP 

24.1 Royal Dutch Shell Group refers to: RDS and any entity which RDS directly or indirectly controls. 

For this purpose: 
  

	n	 	an entity directly controls another entity if it owns fifty percent (50%) or more of the voting rights attached to the issued share capital of the other entity; and 

	n	 	an entity indirectly controls another entity if a series of entities can be specified, beginning with the first entity and ending with the other entity, so related that each entity of the series (except RDS) is directly
controlled by one or more of the entities earlier in the series. 

 ARTICLE 25 GENERAL TERMS OF EMPLOYMENT; COMPLETE ARRANGEMENT; OFFSETTING 

25.1 The parties intend this contract of employment together with the offer letter dated 20 December 2013 to be a comprehensive arrangement. The Employee declares
that he will enter into this contract only on the basis of the express written provisions of this contact and the relevant plan rules or applicable policies. The Employee cannot invoke (i) agreements which are not expressly included in this contract
in writing, or (ii), statements, acts or omissions by or on behalf of the Employer prior to the conclusion of this contract. 
 25.2 The Employer will be
entitled to offset sums owed to the Employer by the Employee against sums owed to the Employee by the Employer as permitted by law. 

  

					
		 		 	
			
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 ARTICLE 26 APPLICABLE LAW 
 26.1 The
contract of employment (including, without limitation, the offer letter dated 20 December 2013 and the loan assignment attached) and the offer letter dated 20 December 2013 will be governed exclusively by the laws of the Netherlands. 

Drawn up and signed in duplicate. 
  

															
	                            
,                                 20
    	 		 	                            
    ,                             20
    	 	
	 (place)
	 	(date)	 	(year)	 		 	(place)	 	(date)	 	(year)	 	
				
	  
	 		 	  
	 	
	 (Employer’s Signature)
	 		 	(Employee’s Signature)EX-4.1

 Exhibit 4.1 

WARRANT AGREEMENT 
 THIS
WARRANT AGREEMENT is dated March 18, 2014, between MicroVision, Inc., a Delaware corporation (the “Company”), and MicroVision, Inc., acting as warrant agent (the “Warrant Agent”). 

WHEREAS, the Company proposes to issue warrants (collectively, with any Additional Warrants, the “Warrants”) to acquire up to
2,148,000 shares, subject to adjustment as provided herein, of common stock, $.001 par value (“Common Stock”), of the Company (collectively, the “Warrant Shares”); 

WHEREAS, each Warrant shall represent the right to purchase from the Company, at an initial price of $2.47 per share (the “Exercise
Price”), the number of shares specified on the certificates evidencing the Warrants (the “Warrant Certificates”); and 

WHEREAS, MicroVision, Inc. is willing to serve as the Warrant Agent in connection with the issuance of Warrant Certificates and the other
matters as provided herein. 
 NOW, THEREFORE, in consideration of the foregoing and for the purpose of defining the terms and provisions of
the Warrants and the respective rights and obligations thereunder of the Company, the Warrant Agent and the record holders from time to time of the Warrants (the “Holders”), the parties hereby agree as follows: 

1. Definitions. For the purposes hereof, the following terms shall have the following meanings: 

“Business Day” means any day except Saturday, Sunday and any day which shall be a federal legal holiday in the United States or a
day on which banking institutions in The City of New York are authorized or required by law or other government action to close. 

“Date of Exercise” means the date on which the Holder shall have delivered to the Company (ii) the Form of Election to Purchase
attached thereto (with the Warrant Exercise Log attached to it), appropriately completed and duly signed, provided that, (i) the Warrant Certificate shall have been delivered within three Business Days of such date, and (ii) in the case of a
Cash Exercise, payment of the Exercise Price in accordance with Section 9 for the number of Warrant Shares so indicated by the Holder to be purchased is paid within one Business Day of such date. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Securities and Exchange
Commission promulgated thereunder. 
 “Expiration Date” means the date 5 years after the Initial Issuance Date. 

“Initial Issuance Date” means March 18, 2014. 

“Market Price” of a share of Common Stock on any date shall mean, (i) if the shares of Common Stock are traded on the Nasdaq
Global Market, the last closing bid price (which, for the avoidance of doubt, shall mean the closing bid price on the prior Trading Day if the Form of Election to Purchase is received prior to 4:00 p.m. ET on the Date of Exercise);
(ii) if the shares of Common Stock are no longer quoted on Nasdaq and are listed on any other 

  
 -1- 

 
national securities exchange, the last sale price of the Common Stock reported by such exchange on that date; (iii) if the shares of Common Stock are not quoted on any such market or listed
on any such exchange and the shares of Common Stock are traded in the over-the-counter market, the last price reported on such day by the OTC Bulletin Board; (iv) if the shares of Common Stock are not quoted on any such market, listed on any
such exchange or quoted on the OTC Bulletin Board, then the last price quoted on such day in the over-the-counter market as reported by the National Quotation Bureau Incorporated (or any similar organization or agency succeeding its functions of
reporting prices); or (v) if none of clauses (i)-(iv) are applicable, then as determined, in good faith, by the Board of Directors of the Company. 

“Person” means a corporation, association, partnership, limited liability corporation, organization, business, individual,
government or political subdivision thereof or governmental agency. 
 “Trading Day” means (i) a day on which the shares of
Common Stock are traded on the Nasdaq Global Market, Nasdaq Capital Market, New York Stock Exchange or American Stock Exchange on which the shares of Common Stock are then listed or quoted, or (ii) if the shares of Common Stock are not listed
on any such exchange or market, a day on which the shares of Common Stock are traded in the over-the-counter market, as reported by the OTC Bulletin Board, or (iii) if the shares of Common Stock are not quoted on the OTC Bulletin Board, a day
on which the shares of Common Stock are quoted in the over-the-counter market as reported by the National Quotation Bureau Incorporated (or any similar organization or agency succeeding its functions of reporting prices); provided, that in the event
that the shares of Common Stock are not listed or quoted as set forth in clause (i), (ii) or (iii) hereof, then Trading Day shall mean a Business Day. 

2. Form of Warrant Certificates.  

(a) The Warrant Certificates shall be issued in registered form only as definitive Warrant Certificates and shall be substantially in the form
attached hereto as Exhibit A, shall be dated the date of issuance thereof (whether upon initial issuance, register of transfer, exchange or replacement) and shall bear such legends and endorsements typed, stamped, printed, lithographed or
engraved thereon as the Company may deem appropriate and as are not inconsistent with the provisions of this Agreement. Warrant Certificates evidencing Warrants to purchase the number of shares of Common Stock specified on each Warrant Certificate
shall be signed by, or bear the facsimile signature of, the Chairman of the Board, Chief Executive Officer, President, any Vice President, Treasurer or Secretary of the Company. In the event the person whose facsimile signature has been placed upon
any Warrant Certificate shall have ceased to serve in the capacity in which such person signed the Warrant Certificate before such Warrant Certificate is issued, it may be issued with the same effect as if he or she had not ceased to be such at the
date of issuance. 
 (b) Effect of Countersignature. Unless and until countersigned by the Warrant Agent pursuant to this Agreement,
a Warrant Certificate shall be invalid and of no effect and may not be exercised by the holder thereof. Such signature by the Warrant Agent upon any Warrant Certificate executed by the Company shall be conclusive evidence that such Warrant
Certificate has been duly issued under the terms of this Agreement. 

  
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 (c) Warrant Register. The Warrant Agent shall maintain books (the “Warrant
Register”), for the registration of original issuance and the registration of transfer of Warrant Certificates. Upon the initial issuance of the Warrant Certificates, the Warrant Agent shall issue and register the Warrant Certificates in the
names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the Warrant Agent by the Company. The Company and the Warrant Agent may deem and treat the registered Holder of each Warrant
Certificate as the absolute owner of the Warrants represented thereby for the purpose of any exercise thereof or any distribution to the Holder, and for all other purposes, absent actual notice to the contrary. 

(d) Registration of Transfers. The Warrant Agent shall register the transfer of any portion of a Warrant Certificate in the Warrant
Register, upon surrender of the Warrant Certificate, with the Form of Assignment attached thereto duly completed and signed, to the Company at its address specified herein. Upon any such registration or transfer, a new Warrant Certificate
substantially in the form attached hereto as Exhibit A (any such new Warrant Certificate, a “New Warrant Certificate”), evidencing the portion of the Warrant Certificate so transferred shall be issued to the transferee and a New
Warrant Certificate evidencing the remaining portion of the Warrant Certificate not so transferred, if any, shall be issued to the transferring Holder. The delivery of the New Warrant Certificate by the Company to the transferee thereof shall be
deemed to constitute acceptance by such transferee of all of the rights and obligations of a holder of a Warrant Certificate. 
 3. Term
of Warrants. Warrants shall be exercisable by the registered Holder at any time and from time to time on or after the calendar day that is six months from the Initial Issuance Date to and including the Expiration Date. At 5:00 p.m., New
York time on the Expiration Date, any portion of a Warrant not exercised prior thereto shall be and become void and of no value. 
 4.
Exercise of Warrants and Delivery of Warrant Shares. 
 (a) If, and only if, an effective registration statement is then available for
the issuance of the Warrant Shares, a registered Holder may exercise the Warrants through a cash exercise (a “Cash Exercise”) or, if an effective registration statement is not then available for the issuance of the Warrant Shares, through
a cashless exercise (a “Cashless Exercise”) pursuant to Section 4(b) below. If an effective registration statement is available for the issuance of the warrants, the warrants may only be exercised through a cash exercise. 

(b) The Holder may effect a Cashless Exercise by surrendering Warrant Certificates to the Warrant Agent and noting on the Form of Election to
Purchase that the Holder wishes to effect a Cashless Exercise, upon which the Company shall issue, or cause to be issued, to the Holder the number of Warrant Shares determined as follows: 

X = Y x (A-B)/A 

where:                 X = the number of Warrant Shares to be issued to
the Holder; 
 Y = the number of Warrant Shares with respect to which the Warrant Certificates are being exercised; 

A = the Market Price as of the Date of Exercise; and 

B = the Exercise Price. 

  
 -3- 

 (c) At such times, and upon such representations and agreements, if applicable, upon surrender of
a Warrant Certificate and delivery of the Form of Election to Purchase (with the Warrant Shares Exercise Log attached) to the Warrant Agent at its address for notice set forth in Section 13, and, in the case of a Cash Exercise, upon payment of
the Exercise Price multiplied by the number of Warrant Shares that the Holder intends to purchase thereunder (which must be a whole number) in accordance with Section 9 (the “Aggregate Exercise Price”), the Company shall promptly
issue and deliver to the Holder a certificate for the Warrant Shares issuable upon such exercise. Any Person so designated by the Holder to receive Warrant Shares shall be deemed to have become holder of record of such Warrant Shares as of the Date
of Exercise of the relevant Warrant Certificate. For so long as there is a then effective registration statement covering the issuance of the Warrant Shares or if a Holder effects a Cashless Exercise, the Warrant Shares shall be issued free of all
restrictive legends, and the Company shall, upon request of the Holder, if available, use commercially reasonable efforts to deliver Warrant Shares hereunder electronically through the Depository Trust Corporation or another established clearing
corporation performing similar functions. If fewer than all Warrant Shares issuable upon exercise of the relevant Warrant Certificate are purchased on such Date of Exercise, then the Company will execute and deliver to the Holder or its assigns a
New Warrant Certificate (dated the date thereof) evidencing the unexercised portion of the relevant Warrant Certificate. 
 (d) A Holder
shall not have the right to exercise any portion of the Warrants, pursuant to Section 4 or otherwise, to the extent that after giving effect to such issuance after exercise as set forth on the applicable Form of Election to Purchase, such
Holder (together with such Holder’s Affiliates (as defined in Rule 13e-3 of the Rules promulgated under the Exchange Act), and any other Persons acting as a group together with such Holder or any of such Holder’s Affiliates), would
beneficially own in excess of the Beneficial Ownership Limitation (as defined below). For purposes of the foregoing sentence, the number of shares of Common Stock beneficially owned by a Holder and its Affiliates shall include the number of
shares of Common Stock issuable upon exercise of the Warrants with respect to which such determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (i) exercise of the remaining,
nonexercised portion of the Warrants beneficially owned by such Holder or any of its Affiliates and (ii) exercise or conversion of the unexercised or nonconverted portion of any other securities of the Company exercisable for or convertible
into Common Stock that are subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by such Holder or any of its Affiliates. Except as set forth in the preceding sentence, for purposes of
this Section 4(d), beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder, it being acknowledged by each Holder that the Company is not
representing to any Holder that such calculation is in compliance with Section 13(d) of the Exchange Act and each Holder is solely responsible for any schedules required to be filed in accordance therewith. To the extent that the
limitation contained in this Section 4(d) applies, the determination of whether the Warrants owned by a Holder are exercisable (in relation to other securities owned by such Holder together with its Affiliates) and of which portion of the
Warrants owned by such Holder is exercisable shall be in the sole discretion of such Holder, and the submission of a Form of 

  
 -4- 

 
Election to Purchase shall be deemed to be such Holder’s determination of whether the Warrants owned by such Holder are exercisable (in relation to other securities owned by such Holder
together with any of its Affiliates) and of which portion of such Warrants are exercisable, in each case subject to the Beneficial Ownership Limitation, and the Company shall have no obligation to verify or confirm the accuracy of such
determination. In addition, a determination as to any group status as contemplated above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. For purposes of
this Section 4(d), in determining the number of outstanding shares of Common Stock, a Holder may rely on the number of outstanding shares of Common Stock as reflected in (A) the Company’s most recent periodic or annual report filed
with the Commission, as the case may be, (B) a more recent public announcement by the Company or (C) a more recent written notice by the Company setting forth the number of shares of Common Stock outstanding. Upon the written or oral
request of a Holder, the Company shall within three Trading Days confirm orally and in writing to the Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be
determined after giving effect to the conversion or exercise of securities of the Company, including the Warrants, by the Holder or its Affiliates since the date as of which such number of outstanding shares of Common Stock was reported. The
“Beneficial Ownership Limitation” for a Holder shall be 4.99% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock issuable upon exercise of the Warrants
owned by such Holder. A Holder, upon not less than 61 days’ prior notice to the Company, may increase or decrease the Beneficial Ownership Limitation provisions of this Section 4(d), but may not increase the Beneficial Ownership
Limitation to above 19.99% in any event. Any such increase or decrease will not be effective until the 61st day after such notice is delivered to the Company. The provisions of this
paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this Section 4(d) to correct this paragraph (or any portion hereof) which may be defective or inconsistent with the intended
Beneficial Ownership Limitation herein contained or to make changes or supplements necessary or desirable to properly give effect to such limitation. The limitations contained in this paragraph shall apply to a successor holder of the Warrants.

5. Charges, Taxes and Expenses. Issuance and delivery of certificates for Warrant Shares shall be made without charge to the Holder for
any issue or transfer tax, or transfer agent fee in respect of the issuance of such certificates, all of which taxes shall be paid by the Company; provided, however, that the Company shall not be obligated to pay any tax which may be payable
in respect of any transfer involved in the registration of any certificates for Warrant Shares or Warrants in a name other than that of the Holder. The Holder shall be responsible for all other tax liabilities that may arise as a result of holding
or transferring any Warrant Certificate or receiving Warrant Shares upon exercise thereof. 
 6. Replacement of Warrant Certificate.
If any Warrant Certificate is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof, or in lieu of and substitution for such Warrant Certificate, a New
Warrant Certificate, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and customary and reasonable indemnity, if requested. Applicants for a New Warrant Certificate under such circumstances
shall also comply with such other reasonable regulations and procedures and pay such other reasonable third-party costs as the Company may prescribe. 

  
 -5- 

 7. Reservation of Warrant Shares. The Company covenants that it will at all times reserve
and keep available out of its authorized but unissued and otherwise unreserved Common Stock, solely for the purpose of enabling it to issue Warrant Shares upon exercise of all outstanding Warrants as herein provided, the number of Warrant Shares
which are then issuable and deliverable upon the exercise of all outstanding Warrants (taking into account the adjustments and restrictions of Section 8). The Company covenants that all Warrant Shares so issuable and deliverable shall, upon
issuance and the payment of the applicable Exercise Price in accordance with the terms hereof, be duly and validly authorized and issued, and be fully paid and nonassessable. 

8. Certain Adjustments. The Exercise Price and number of Warrant Shares issuable upon exercise of each Warrant then outstanding are
subject to adjustment from time to time as set forth in this Section 8. 
 (a) Stock Dividends and Splits. If the Company,
(i) pays a stock dividend on its Common Stock, (ii) subdivides outstanding shares of Common Stock into a greater number of shares, or (iii) combines outstanding shares of Common Stock into a lesser number of shares, then in each such
case the Exercise Price shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock outstanding immediately before such event and of which the denominator shall be the number of shares of Common Stock
outstanding immediately after such event. Any adjustment made pursuant to clause (i) of this paragraph shall become effective immediately after the record date for the determination of shareholders entitled to receive such dividend, and any
adjustment pursuant to clause (ii) or (iii) of this paragraph shall become effective immediately after the effective date of such subdivision or combination. 

(b) Extraordinary Transactions. If, (i) the Company effects any merger or consolidation of the Company with or into another
Person, (ii) the Company effects any sale of all or substantially all of its assets in one or a series of related transactions, (iii) any tender offer or exchange offer by the Company is completed pursuant to which holders of Common Stock
are permitted to tender or exchange their shares for other securities, cash or property, or (iv) the Company effects any reclassification of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively
converted into or exchanged for other securities, cash or property (in any such case, an “Extraordinary Transaction”), then each Holder’s Warrants will become the right thereafter to receive, upon exercise of his or her Warrants, the
same amount and kind of securities, cash or property as such Holder would have been entitled to receive upon the occurrence of such Extraordinary Transaction if it had been, immediately prior to such Extraordinary Transaction, the holder of the
number of Warrant Shares then issuable upon exercise in full of the relevant Warrant (the “Alternate Consideration”) in lieu of Common Stock. The aggregate Exercise Price for each Warrant will not be affected by any such Extraordinary
Transaction, but the Company shall apportion such aggregate Exercise Price among the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate Consideration. If holders of Common Stock
are given any choice as to the securities, cash or property to be received in a Extraordinary Transaction, then each Holder, to the extent practicable, shall be given the same choice as to the Alternate Consideration it receives upon any exercise of
his or her Warrant following such Extraordinary 

  
 -6- 

 
Transaction. In addition, at the request of each Holder, upon surrender of such Holder’s Warrant, any successor to the Company or surviving entity in such Extraordinary Transaction shall
issue to such Holder a new warrant consistent with the foregoing provisions and evidencing the Holder’s right to purchase the Alternate Consideration for the aggregate Exercise Price upon exercise thereof. Each Warrant (or any such replacement
security) will be similarly adjusted upon any subsequent transaction analogous to a Extraordinary Transaction. Notwithstanding anything to the contrary, in the event of an Extraordinary Transaction other than one in which a Successor Entity (as
defined below) that is a publicly traded corporation whose stock is quoted or listed for trading on an Eligible Market (as defined below) assumes this Warrant such that the Warrant shall be exercisable for the publicly traded Common Stock of such
Successor Entity, the Company or any Successor Entity shall, at the Holder’s option, exercisable at any time concurrently with, or within 30 days after, the consummation of the Extraordinary Transaction, purchase this Warrant from the
Holder by paying to the Holder an amount of cash equal to the Black Scholes Value (as defined below) of the remaining unexercised portion of this Warrant on the date of the consummation of such Extraordinary Transaction. “As used herein,
“Black Scholes Value” means the value of this Warrant based on the Black and Scholes Option Pricing Model obtained using E*Trade Equity Edge determined as of the day of consummation of the applicable Extraordinary Transaction for pricing
purposes and reflecting (A) a risk-free interest rate corresponding to the U.S. Treasury rate for a period equal to the time between the date of the closing of the applicable Extraordinary Transaction and the Expiration Date, (B) an
expected volatility equal to the 180-day volatility obtained using E*Trade Equity Edge as of the Trading Day immediately following the public announcement of the applicable Extraordinary Transaction, (C) the underlying price per share used in
such calculation shall be the sum of the price per share being offered in cash, if any, plus the value of any non-cash consideration, if any, being offered in such Extraordinary Transaction and (D) a remaining option time equal to the time
between the date of the closing of the applicable Extraordinary Transaction and the Expiration Date. For purposes of the foregoing, the value of any non-cash consideration in any Extraordinary Transaction will be determined in good faith by the
Board of Directors of the Company or Successor Entity, (1) “Successor Entity” means the Person (as defined below) (or, if so elected by the Holder, the Parent Entity (as defined below)) formed by, resulting from or surviving any
Extraordinary Transaction or the Person (or, if so elected by the Holder, the Parent Entity) with which such Extraordinary Transaction shall have been entered into, (2) “Eligible Market” means the NYSE Amex, The NASDAQ Capital Market,
The NASDAQ Global Market, The NASDAQ Global Select Market, the New York Stock Exchange or the OTC Bulletin Board (or any successors to any of the foregoing), (3) “Parent Entity” of a Person means an entity that, directly or
indirectly, controls the applicable Person and whose common stock or equivalent equity security is quoted or listed on an Eligible Market, or, if there is more than one such Person or Parent Entity, the Person or Parent Entity with the largest
public market capitalization as of the date of consummation of the Extraordinary Transaction.
 (c) Number of Warrant Shares.
Simultaneously with any adjustment to the Exercise Price pursuant to paragraph (a) of this Section, the number of Warrant Shares that may be purchased upon exercise of each Warrant shall be increased or decreased proportionately, as the case
may be, so that after such adjustment the aggregate Exercise Price payable hereunder for the adjusted number of Warrant Shares shall be the same as the aggregate Exercise Price in effect immediately prior to such adjustment. 

  
 -7- 

 (d) Calculations. All calculations under this Section 8 shall be made to the nearest
cent or the nearest 1/100th of a share, as applicable. 
 (e) Notice of Adjustments. Upon the occurrence of each adjustment pursuant
to this Section 8, the Company at its expense will promptly calculate such adjustment in accordance with the terms of this Agreement and prepare a certificate setting forth such adjustment, including a statement of the adjusted Exercise Price
and adjusted number of Warrant Shares or type of Alternate Consideration issuable upon exercise of each Warrant (as applicable), describing the transactions giving rise to such adjustments and showing in detail the facts upon which such adjustment
is based. The Company will promptly deliver to each Holder who makes a request in writing and to the Warrant Agent, a copy of each such certificate. 

(f) Notice of Corporate Events. If the Company (i) declares a dividend or any other distribution of cash, securities or other
property in respect of its Common Stock (other than a dividend payable solely in shares of Common Stock) or (ii) authorizes the voluntary dissolution, liquidation or winding up of the affairs of the Company, then the Company shall deliver to
each Holder a notice describing the material terms and conditions of such dividend, distribution or transaction. Notwithstanding anything to the contrary in this Section 8(f), the failure to deliver any notice under this Section 8(f) or
any defect therein shall not affect the validity of the corporate action required to be described in such notice. Until the exercise of its, his or her Warrant or any portion of such Warrant, a Holder shall not have nor exercise any rights by virtue
of ownership of a Warrant as a shareholder of the Company (including without limitation the right to notification of shareholder meetings or the right to receive any notice or other communication concerning the business and affairs of the Company
other than as provided in this Section 8(f)). 
 9. Payment of Exercise Price. The Holder shall pay the Aggregate Exercise Price
by paying, in lawful money of the United States, in certified check or bank draft payable to the order of the Company (or as otherwise agreed to by the Company) delivered to the Warrant Agent together with the Warrant Certificate and Form of
Election to Purchase. 
 10. Holder not Deemed a Stockholder. Except as otherwise specifically provided herein, the Holder, solely in
such Person’s capacity as a Holder, shall not be entitled to vote or receive dividends or be deemed the holder of share capital of the Company for any purpose, nor shall anything contained in the Warrants be construed to confer upon the Holder,
solely in such Person’s capacity as a Holder, any of the rights of a stockholder of the Company or any right to vote, give or withhold consent to any corporate action (whether any reorganization, issue of stock, reclassification of stock,
consolidation, merger, conveyance or otherwise), receive notice of meetings, receive dividends or subscription rights, or otherwise, prior to the issuance to the Holder of the Warrant Shares to which Person is then entitled to receive upon the due
exercise of the Warrants. 
 11. No Fractional Shares. No fractional shares will be issued in connection with any exercise of a
Warrant. In lieu of any fractional shares which would otherwise be issuable, the Company shall pay cash equal to the product of such fraction multiplied by the Market Price on the Date of Exercise. 

  
 -8- 

 12. Exchange Act Filings. The Holder agrees and acknowledges that it shall have sole
responsibility for making any applicable filings with the U.S. Securities and Exchange Commission pursuant to Sections 13 and 16 of the Exchange Act as a result of its acquisition of any Warrant and the Warrant Shares and any future retention or
transfer thereof. 
 13. Notices. Any and all notices or other communications or deliveries hereunder (including without limitation
any Exercise Notice) shall be in writing and shall be deemed given and effective on the earliest of (i) the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number specified in this Section prior
to 5:00 p.m. (New York time) on a Trading Day, (ii) the next Trading Day after the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number specified in this Section on a day that is not a
Trading Day or later than 5:00 p.m. (New York time) on any Trading Day, (iii) the Trading Day following the date of mailing, if sent by nationally recognized overnight courier service, or (iv) upon actual receipt by the party to whom
such notice is required to be given. The addresses for such communications shall be: 
  

			
	if to the Company:	  	 MicroVision, Inc.
 6244 185th Avenue NE, Suite 100
 Redmond, Washington, 98052

Attn: General Counsel
 Facsimile No.:
(425) 936-6997

		
	if to the Warrant Agent:	  	 MicroVision, Inc.
 6244 185th Avenue NE, Suite 100
 Redmond, Washington, 98052

Attn: General Counsel
 Facsimile No.:
(425) 936-6997

		
	if to the Holder:	  	to the address or facsimile number appearing on the Warrant Register or such other address or facsimile number as the Holder may provide to the Company in accordance with this Section 13.

 14. Warrant Agent. 

(a) The Company and the Warrant Agent hereby agree that the Warrant Agent will serve as an agent of the Company as set forth in this Agreement.

 (b) The Warrant Agent shall not by any act hereunder be deemed to make any representation as to validity or authorization of the Warrants
or the Warrant Certificates (except as to its countersignature thereon) or of any securities or other property delivered upon exercise of any Warrant, or as to the number or kind or amount of securities or other property deliverable upon exercise of
any Warrant or the correctness of the representations of the Company made in such certificates that the Warrant Agent receives. 
 (c) The
Warrant Agent shall not have any duty to calculate or determine any required adjustments with respect to the Exercise Price or the kind and amount of securities or other property receivable by Holders upon the exercise of Warrants, nor to determine
the accuracy or correctness of any such calculation. 

  
 -9- 

 (d) The Warrant Agent shall not (i) be liable for any recital or statement of fact contained
herein or in the Warrant Certificates or for any action taken, suffered or omitted by it in good faith in the belief that any Warrant Certificate or any other document or any signature is genuine or properly authorized, (ii) be responsible for
any failure by the Company to comply with any of its obligations contained in this Agreement or in the Warrant Certificates, (iii) be liable for any act or omission in connection with this Agreement except for its own gross negligence or
willful misconduct or (iv) have any responsibility to determine whether a transfer of a Warrant complies with applicable securities laws. 

(e) The Warrant Agent is hereby authorized to accept instructions with respect to the performance of its duties hereunder from the Chief
Executive Officer, the President, any Vice President, the Treasurer, or the Secretary or any Assistant Secretary of the Company and to apply to any such officer for written instructions (which will then be promptly given) and the Warrant Agent shall
not be liable for any action taken or suffered to be taken by it in good faith in accordance with the instructions of any such officer, except for its own gross negligence or willful misconduct, but in its discretion the Warrant Agent may in lieu
thereof accept other evidence of such or may require such further or additional evidence as it may deem reasonable. 
 (f) The Warrant Agent
may exercise any of the rights and powers hereby vested in it or perform any duty hereunder either itself or by or through its attorneys, agents or employees, provided reasonable care has been exercised in the selection and in the continued
employment of any persons. The Warrant Agent shall not be under any obligation or duty to institute, appear in or defend any action, suit or legal proceeding in respect hereof, unless first indemnified to its satisfaction. The Warrant Agent shall
promptly notify the Company in writing of any claim made or action, suit or proceeding instituted against or arising out of or in connection with this Agreement. 

(g) The Company will take such action as may reasonably be required by the Warrant Agent in order to enable it to carry out or perform its
duties under this Agreement. 
 (h) The Warrant Agent shall act solely as agent of the Company hereunder. The Warrant Agent shall only be
liable for the failure to perform such duties as are specifically set forth herein. 
 (i) The Warrant Agent may consult with legal counsel
satisfactory to it (who may be legal counsel for the Company), and the Warrant Agent shall incur no liability or responsibility to the Company or to any Holder for any action taken, suffered or omitted by it in good faith in accordance with the
opinion or advice of such counsel. 
 (j) The Company agrees to pay to the Warrant Agent compensation for all services rendered by the
Warrant Agent hereunder as the Company and the Warrant Agent may agree from time to time, and to reimburse the Warrant Agent for reasonable expenses incurred in connection with the execution and administration of this Agreement (including the
reasonable compensation and expenses of its counsel), and further agrees to indemnify the Warrant Agent for, and hold it harmless against, any loss, liability or expense incurred without gross negligence, bad faith or willful misconduct on its part,
arising out of or in connection with the acceptance and administration of this Agreement. 

  
 -10- 

 (k) The Warrant Agent, and any shareholder, director, officer or employee of the Warrant Agent,
may buy, sell or deal in any of the Warrants or other securities of the Company or its Affiliates or become pecuniarily interested in transactions in which the Company or its Affiliates may be interested, or contract with or lend money to the
Company or its Affiliates or otherwise act as fully and freely as though it were not the Warrant Agent under this Agreement. Nothing herein shall preclude the Warrant Agent from acting in any other capacity for the Company or for any other Person.

 (l) No resignation or removal of the Warrant Agent and no appointment of a successor warrant agent shall become effective until the
acceptance of appointment by the successor warrant agent as provided herein. The Warrant Agent may resign its duties and be discharged from all further duties and liability hereunder (except liability arising as a result of the Warrant Agent’s
own gross negligence or willful misconduct) after giving written notice to the Company. The Company may remove the Warrant Agent upon written notice, and the Warrant Agent shall thereupon in like manner be discharged from all further duties and
liabilities hereunder, except as aforesaid. The Warrant Agent shall, at the Company’s expense, cause to be mailed (by first class mail, postage prepaid) to each Holder of a Warrant at such Holder’s last address as shown on the register of
the Company maintained by the Warrant Agent a copy of said notice of resignation or notice of removal, as the case may be. Upon such resignation or removal, the Company shall appoint in writing a new warrant agent. If the Company fails to do so
within a period of 30 days after it has been notified in writing of such resignation by the resigning Warrant Agent or after such removal, then the resigning Warrant Agent or the Holder of any Warrant may apply to any court of competent jurisdiction
for the appointment of a new warrant agent. After acceptance in writing of such appointment by the new warrant agent, it shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named herein as the
Warrant Agent. Not later than the effective date of any such appointment, the Company shall give notice thereof to the resigning or removed Warrant Agent. Failure to give any notice provided for in this Section 14(l), however, or any defect
therein, shall not affect the legality or validity of the resignation of the Warrant Agent or the appointment of a new warrant agent, as the case may be. 

(m) Any corporation into which the Warrant Agent or any new warrant agent may be merged or converted or any corporation resulting from any
consolidation to which the Warrant Agent or any new warrant agent shall be a party or any corporation to which the Warrant Agent transfers substantially all of its corporate trust business shall be a successor Warrant Agent under this Agreement
without any further act, provided that such corporation (i) would be eligible for appointment as successor to the Warrant Agent under the provisions of Section 14(l) or (ii) is a wholly owned subsidiary of the Warrant Agent. Any such
successor Warrant Agent shall promptly cause notice of its succession as Warrant Agent to be mailed (by first class mail, postage prepaid) to each Holder in accordance with Section 13. 

15. Miscellaneous. 
 (a)
Successors and Assigns. This Agreement shall be binding on and inure to the benefit of the Company, the Warrant Agent and the Holders, and their respective successors and assigns. Subject to the preceding sentence, nothing in this Agreement
shall be construed to give to any Person other than the Company, the Warrant Agent and the Holders any legal or equitable right, remedy or cause of action under this Agreement. 

  
 -11- 

 (b) Amendments and Waivers. The Company may, without the consent of the Holders, by
supplemental agreement or otherwise, (i) make any changes or corrections in this Agreement that are required to cure any ambiguity or to correct or supplement any provision herein which may be defective or inconsistent with any other provision
herein or (ii) add to the covenants and agreements of the Company for the benefit of the Holders, or surrender any rights or power reserved to or conferred upon the Company in this Agreement; provided that, in the case of (i) or (ii), such
changes or corrections shall not adversely affect the interests of Holders of then outstanding Warrants in any material respect. The Company may, with the consent, in writing or at a meeting, of the Holders of outstanding Warrants exercisable for
two-thirds of the Warrant Shares, amend in any way, by supplemental agreement or otherwise, this Agreement and/or all of the outstanding Warrant Certificates; provided, however, that no such amendment shall adversely affect any Warrant differently
than it affects all other Warrants, unless the Holder thereof consents thereto. The Warrant Agent shall at the request of the Company, and without need of independent inquiry as to whether such supplemental agreement is permitted by the terms of
this Section 15(b), join with the Company in the execution and delivery of any such supplemental agreements, but shall not be required to join in such execution and delivery for such supplemental agreement to become effective. 

(c) Choice of Law, etc. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be
governed by and construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles of conflicts of law thereof. Each party hereto hereby irrevocably waives, to the fullest extent permitted by
applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated hereby. If either party shall commence an action or proceeding to enforce any provisions of this
Agreement, then the prevailing party in such action or proceeding shall be reimbursed by the other party for its attorneys’ fees and other costs and expenses incurred with the investigation, preparation and prosecution of such action or
proceeding. 
 (d) Interpretation. The headings herein are for convenience only, do not constitute a part of this Agreement and shall
not be deemed to limit or affect any of the provisions hereof. 
 (e) Severability. In case any one or more of the provisions of this
Agreement shall be invalid or unenforceable in any respect, the validity and enforceability of the remaining terms and provisions of this Agreement shall not in any way be affected or impaired thereby and the parties will attempt in good faith to
agree upon a valid and enforceable provision which shall be a commercially reasonable substitute therefor, and upon so agreeing, shall incorporate such substitute provision in this Agreement. 

(f) Additional Warrants. The Company may from time to time issue additional warrants (the “Additional Warrants”) under this
Warrant Agreement, without requiring the consent of any Holder, with the same terms as the warrants initially issued hereunder. 
 [The
remainder of this page has been left intentionally blank.] 

  
 -12- 

 IN WITNESS WHEREOF, the undersigned has caused this Agreement to be duly executed by its
authorized officer as of the date first indicated above. 
  

			
	MICROVISION, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Warrant Agreement] 

 IN WITNESS WHEREOF, the undersigned has caused this Agreement to be duly executed by its
authorized officer as of the date first indicated above. 
  

			
	MICROVISION, INC., as Warrant Agent
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Warrant Agreement] 

 Exhibit A 

EXERCISABLE ON OR AFTER SEPTEMBER 18, 2014 

AND ON OR BEFORE THE EXPIRATION DATE 
  

			
	 No. [—]
	 	Warrant to Purchase [—] Shares

 Warrant Certificate 

WARRANTS TO ACQUIRE COMMON STOCK OF MICROVISION, INC. 

This Warrant Certificate certifies that [—], or registered assigns, is the registered
holder of a Warrant (the “Warrant”) to acquire from MicroVision, Inc., a Delaware corporation (the “Company”), the number of fully paid and non-assessable shares of Common Stock, $.001 par value, of the Company (the “Common
Stock”) specified above for consideration equal to the Exercise Price (as defined in the Warrant Agreement) per share of Common Stock. The Exercise Price and number of shares of Common Stock and/or type of securities or property issuable upon
exercise of the Warrant are subject to adjustment upon the occurrence of certain events as set forth in the Warrant Agreement. The Warrant evidenced by this Warrant Certificate shall not be exercisable after and shall terminate and become void as of
5:00 P.M., New York time, on the Expiration Date. 
 The Warrant evidenced by this Warrant Certificate is part of a duly authorized issue of
warrants expiring on the Expiration Date entitling the Holder hereof to receive shares of Common Stock, $.001 par value, of the Company (the “Common Stock”), and is issued or to be issued pursuant to a Warrant Agreement dated
March 18, 2014 (the “Warrant Agreement”), duly executed and delivered by the Company to MicroVision, Inc., as warrant agent (the “Warrant Agent”, which term includes any successor Warrant Agent under the Warrant Agreement),
which Warrant Agreement is hereby incorporated by reference in and made a part of this instrument and is hereby referred to for a description of the rights, limitation of rights, obligations, duties and immunities thereunder of the Warrant Agent,
the Company and the Holders (“Holders” meaning, from time to time, the registered holders of the warrant issued thereunder). To the extent any provisions of this Warrant Certificate conflicts with any provision of the Warrant Agreement,
the provisions of the Warrant Agreement shall apply. A copy of the Warrant Agreement may be obtained by the Holder hereof upon written request to the Company at 6244 185th Avenue NE, Suite 100 Redmond, Washington, 98052. Capitalized terms not
defined herein have the meanings ascribed thereto in the Warrant Agreement. 
 This Warrant may be exercised, in whole or in part, at any
time on or after September 18, 2014 and on or before the Expiration Date, subject to the terms of the Warrant Agreement including, but not limited to, Section 4 thereof, by surrendering this Warrant Certificate, with the Form of Election
to Purchase set forth hereon properly completed and executed, together with payment of the Aggregate Exercise Price in accordance with Section 4 of the Warrant Agreement. Each exercise must be for a whole number of Warrant Shares. In the event
that 

  
 1 

 
upon any exercise of the Warrant evidenced hereby the number of shares of Common Stock acquired shall be less than the total number of shares of Common Stock which may be purchased pursuant to
this Warrant, there shall be issued to the Holder hereof or such Holder’s assignee a new Warrant Certificate evidencing the unexercised portion of this Warrant. 

The Warrant Agreement provides that upon the occurrence of certain events the Exercise Price set forth on this Warrant Certificate may,
subject to certain conditions, be adjusted, and that upon the occurrence of certain events the number of shares of Common Stock and/or the type of securities or other property issuable upon the exercise of this Warrant shall be adjusted. No
fractions of a share of Common Stock will be issued upon the exercise of this Warrant, but the Company will pay the cash value thereof determined as provided in the Warrant Agreement. 

Warrant Certificates, when surrendered at the office of the Warrant Agent by the registered Holder thereof in person or by such Holder’s
legal representative or attorney duly appointed and authorized in writing, may be exchanged, in the manner and subject to the limitations provided in the Warrant Agreement, but without payment of any service charge, for another Warrant Certificate
or Warrant Certificates of like tenor evidencing in the aggregate the right to purchase a like number of Warrant Shares. 
 Each taker and
holder of this Warrant Certificate, by taking or holding the same, consents and agrees that the holder of this Warrant Certificate when duly endorsed in blank may be treated by the Company, the Warrant Agent and all other persons dealing with this
Warrant Certificate as the absolute owner hereof for any purpose and as the person entitled to exercise the rights represented hereby or the person entitled to the transfer hereof on the register of the Company maintained by the Warrant Agent, any
notice to the contrary notwithstanding, provided that until such transfer on such register, the Company and the Warrant Agent may treat the registered Holder hereof as the owner for all purposes. 

This Warrant does not entitle any Holder to any of the rights of a shareholder of the Company. 

This Warrant Certificate and the Warrant Agreement are subject to amendment as provided in the Warrant Agreement. 

This Warrant Certificate shall not be valid or obligatory for any purpose until it shall have been countersigned by the Warrant Agent. 

[The remainder of this page has been left intentionally blank.] 

  
 2 

 IN WITNESS WHEREOF, the undersigned have caused this Certificate to be executed as of the date
set forth below. 
  

			
	MICROVISION, INC.
		
	By:	 	  

	Name:	 	Stephen P. Holt
	Title:	 	Chief Financial Officer

 DATED: 
 Countersigned:

 MICROVISION, INC. 
 as Warrant Agent 

 

			
	By:	 	  

	Name:	 	
	Title:	 	

 Warrant Certificate 

 FORM OF ELECTION TO PURCHASE 

To MicroVision, Inc.: 
 In accordance with
the Warrant Certificate enclosed with this Form of Election to Purchase, the undersigned hereby irrevocably elects to exercise the Warrant with respect to
                 Warrant Shares in accordance with the terms of the Warrant Agreement. 

1. Form of Exercise Price. The Holder intends that payment of the Exercise Price shall be made as: 

             a Cash Exercise; or 

             a Cashless Exercise. 

2. Payment of Exercise Price. In the event that the Holder has elected a Cash Exercise with respect to some or all of the Warrant Shares to be
issued pursuant hereto, the Holder shall pay the Aggregate Exercise Price, in lawful money of the United States, in cash, certified check or bank draft payable to the order of the Company (or as otherwise agreed to by the Company) delivered to the
Warrant Agent, together with any applicable taxes payable by the undersigned pursuant to the Warrant. 
 The undersigned requests that
certificates for the shares of Common Stock issuable upon this exercise be issued in the name of 
  

			
	Name:	 	  

	Address:	 	  

		 	  

		 	  

		 	  

 Social Security or Tax I.D. No.:
                     

  
 4 

 Warrant Shares Exercise Log 

 

							
	 Date
	 	 Number of

Warrant Shares
 Available to
be
 Exercised
	 	 Number of

Warrant
 Shares

Exercised
	 	 Number of

Warrant Shares

Remaining to be

Exercised

  
 5 

 FORM OF ASSIGNMENT 

[To be completed and signed only upon transfer of Warrant] 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto
             the right represented by the within Warrant Certificate to purchase                  shares of
Common Stock of MicroVision, Inc. to which the within Warrant Certificate relates and appoints                      attorney to transfer said
right on the books of MicroVision, Inc. with full power of substitution in the premises. 
 Dated:
            ,         
  

	
	(Signature must conform in all respects to name of holder as specified on the front page of the Warrant Certificate)
	
	Address of Transferee

 In the presence of: 

  
 6

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