Document:

EX-10.3

 Exhibit 10.3 

WeWork Companies Inc. 

Nonstatutory Stock Option Agreement 

Granted Under 2013 Stock Incentive Plan 

1. Grant of Option. 
 This agreement
evidences the grant by WeWork Companies Inc., a Delaware corporation (the “Company”),
on                             , 201_ (the “Grant Date”) to
                            , an employee, director or consultant of the Company (the
“Participant”), of an option to purchase, in whole or in part, on the terms provided herein and in the Company’s 2013 Stock Incentive Plan (the “Plan”), a total of
                             shares (the “Shares”) of common stock, $0.001 par value
per share, of the Company (“Common Stock”) at $             per Share. Unless earlier terminated, this option shall expire at 5:00 p.m., Eastern time, on
                             (the “Final Exercise Date”). 

It is intended that the option evidenced by this agreement shall not be an incentive stock option as defined in Section 422 of the
Internal Revenue Code of 1986, as amended, and any regulations promulgated thereunder (the “Code”). Except as otherwise indicated by the context, the term “Participant”, as used in this option, shall be deemed to include any
person who acquires the right to exercise this option validly under its terms. 
 2. Vesting Schedule. 

This option will become exercisable (“vest”) as to Twenty percent (20%) of the Shares on
                                 , 20     (the
“Vesting Commencement Date”) and an additional one-sixtieth (1/60th) of the Shares subject to this option shall vest each month thereafter on the
corresponding day of the month as the Vesting Commencement Date (or if there is no such day in any month, then the last day of such calendar month), until the Shares are vested with respect to one hundred percent (100%) of the Shares. 

The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it
shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is vested until the earlier of the Final Exercise Date or the termination of this option under Section 3 hereof or the Plan. 

3. Exercise of Option. 
 (a) Form of
Exercise. To exercise this option, the Participant (or in the case of exercise after the Participant’s death or incapacity, the Participant’s executor, administrator, heir or legatee, as the case may be) must deliver to the Company at
its principal office, an executed Notice of Stock Option Exercise and Joinder Agreement to the Stockholders’ Agreement in the form attached hereto as Annex A, accompanied by this agreement, and payment in full in the manner provided in the
Plan; provided that to the extent that the Company so authorizes, an electronic method of exercise of this option shall be permitted. The Participant may purchase less than the number of shares covered hereby, provided that no partial exercise of
this option may be for any fractional share. 
 (b) Continuous Relationship with the Company Required. Except as otherwise provided in
this Section 3, this option may not be exercised unless the Participant, at the time he or she exercises this option, is, and has been at all times since the Grant Date, an employee, officer or director of, or a consultant or advisor to, the
Company or any other entity the employees, officers, directors, consultants, or advisors of which are eligible to receive option grants under the Plan (an “Eligible Participant”). 

 (c) Termination of Relationship with the Company. If the Participant ceases to be an
Eligible Participant for any reason, then, except as provided in paragraphs (d) and (e) below, the right to exercise this option shall terminate three months after such cessation (but in no event after the Final Exercise Date), provided
that this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Participant, prior to the Final Exercise Date, violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Participant and the Company, the right to exercise this option
shall terminate immediately upon such violation. 
 (d) Exercise Period Upon Death or Disability. If the Participant dies or becomes
disabled (within the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for “cause” as specified in paragraph
(e) below, this option shall be exercisable, within the period of one year following the date of death or disability of the Participant, by the Participant (or in the case of death by an authorized transferee), provided that this option
shall be exercisable only to the extent that this option was exercisable by the Participant on the date of his or her death or disability, and further provided that this option shall not be exercisable after the Final Exercise Date. 

(e) Termination for Cause. If, prior to the Final Exercise Date, the Participant’s employment or other relationship with the
Company is terminated by the Company for Cause (as defined below), the right to exercise this option shall terminate immediately upon the effective date of such termination of employment or other relationship. If the Participant is party to an
employment, consulting or severance agreement with the Company that contains a definition of “cause” for termination of employment or other relationship, “Cause” shall have the meaning ascribed to such term in such agreement.
Otherwise, “Cause” shall mean (i) a repeated failure of the Participant after written notice from the Board to perform his reasonably assigned duties for the Company, (ii) the Participant’s engagement in dishonesty, gross
negligence or misconduct, which in the case of dishonesty only has had a material adverse effect on the business or affairs of the Company as determined by the Board in good faith; (iii) the conviction of the Participant of, or the entry of a
pleading of guilty or nolo contendere by the Participant to, any crime involving moral turpitude or any felony; (iv) a breach by the Participant of any invention and non-disclosure agreement or non-competition and non-solicitation agreement with the Company, which breach is not cured within ten days written notice thereof; or (v) intentional misconduct by the
Participant or intentional failure by the Participant to perform his or her responsibilities to the Company, as determined by the Company, which determination shall be conclusive. The Participant’s employment or other relationship shall be
considered to have been terminated for “Cause” if the Company determines, within 30 days after the Participant’s resignation, that termination for Cause was warranted. 

4. Restrictions on Transfer; Company Right of First Refusal. 

(a) Notice of Proposed Transfer. If the Participant proposes to sell, assign, transfer, pledge, hypothecate or otherwise dispose of, by
operation of law or otherwise (collectively, “transfer”) any Shares acquired upon exercise of this option, then the Participant shall first give written notice of the proposed transfer (the “Transfer Notice”) to the Company. The
Transfer Notice shall name the proposed transferee and state the number of such Shares the Participant proposes to transfer (the “Offered Shares”), the price per share and all other material terms and conditions of the transfer. In
addition to the Company’s rights set forth in this Section 4, the Shares are subject to certain additional restrictions on transfer as set forth in the Company’s Amended and Restated Stockholders’ Agreement dated December 9,
2014, as may be amended from time to time, to which Participant shall become a party upon exercise of this option and execution of the Joinder Agreement to the Stockholders’ Agreement in the form attached hereto as Annex A. 

  
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 (b) Company Right to Purchase. For 30 days following its receipt of such Transfer
Notice, the Company shall have the option to purchase all or part of the Offered Shares at the price and upon the terms set forth in the Transfer Notice. In the event the Company elects to purchase all or part of the Offered Shares, it shall give
written notice of such election to the Participant within such 30-day period. Within 10 days after his or her receipt of such notice, the Participant shall tender to the Company at its principal offices the
certificate or certificates representing the Offered Shares to be purchased by the Company, duly endorsed in blank by the Participant or with duly endorsed stock powers attached thereto, all in a form suitable for transfer of the Offered Shares to
the Company. Promptly following receipt of such certificate or certificates, the Company shall deliver or mail to the Participant a check in payment of the purchase price for such Offered Shares; provided that if the terms of payment set
forth in the Transfer Notice were other than cash against delivery, the Company may pay for the Offered Shares on the same terms and conditions as were set forth in the Transfer Notice; and provided further that any delay in making such
payment shall not invalidate the Company’s exercise of its option to purchase the Offered Shares. 
 (c) Shares Not Purchased By
Company. If the Company does not elect to acquire all of the Offered Shares, the Participant may, within the 30-day period following the expiration of the option granted to the Company under subsection
(b) above, transfer the Offered Shares which the Company has not elected to acquire to the proposed transferee, provided that such transfer shall not be on terms and conditions more favorable to the transferee than those contained in the
Transfer Notice. Notwithstanding any of the above, all Offered Shares transferred pursuant to this Section 4 shall remain subject to the right of first refusal set forth in this Section 4 and such transferee shall, as a condition to such
transfer, deliver to the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of this Section 4. 

(d) Consequences of Non-Delivery. After the time at which the Offered Shares are required to be
delivered to the Company for transfer to the Company pursuant to subsection (b) above, the Company shall not pay any dividend to the Participant on account of such Offered Shares or permit the Participant to exercise any of the privileges or
rights of a stockholder with respect to such Offered Shares, but shall, insofar as permitted by law, treat the Company as the owner of such Offered Shares. 

(e) Exempt Transactions. The following transactions shall be exempt from the provisions of this Section 4: 

(1) any transfer of Shares to or for the benefit of any spouse, child or grandchild of the Participant, or to a trust for their benefit; 

(2) any transfer pursuant to an effective registration statement filed by the Company under the Securities Act of 1933, as amended (the
“Securities Act”); and 
 (3) the sale of all or substantially all of the outstanding shares of capital stock of the Company
(including pursuant to a merger or consolidation); 
 provided, however, that in the case of a transfer pursuant to clause (1) above, such Shares
shall remain subject to the right of first refusal set forth in this Section 4. 
 (f) Assignment of Company Right. The Company
may assign its rights to purchase Offered Shares in any particular transaction under this Section 4 to one or more persons or entities. 

(g) Termination. The provisions of this Section 4 shall terminate upon the earlier of the following events: 

(1) the closing of the sale of shares of Common Stock in an underwritten public offering pursuant to an effective registration statement filed
by the Company under the Securities Act; or 
 (2) the sale of all or substantially all of the outstanding shares of capital stock, assets or
business of the Company, by merger, consolidation, sale of assets or otherwise (other than a merger or consolidation in which all or substantially all of the individuals and entities who were beneficial owners of the Company’s voting securities
immediately prior to such transaction beneficially own, directly or indirectly, more than 75% (determined on an as-converted basis) of the outstanding securities entitled to vote generally in the election of
directors of the resulting, surviving or acquiring corporation in such transaction). 

  
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 (h) No Obligation to Recognize Invalid Transfer. The Company shall not be required
(1) to transfer on its books any of the Shares which shall have been sold or transferred in violation of any of the provisions set forth in this Section 4, or (2) to treat as owner of such Shares or to pay dividends to any transferee
to whom any such Shares shall have been so sold or transferred. 
 (i) Legends. The certificate representing Shares shall bear a
legend substantially in the following form (in addition to, or in combination with, any legend required by applicable federal and state securities laws and agreements relating to the transfer of the Company securities): 

“The shares represented by this certificate are subject to a right of first refusal in favor of the Company, as provided in a certain
stock option agreement with the Company.” 
 5. Drag-Along. 

(a) Definitions. For purposes of this Section 5, capitalized terms used herein and not otherwise defined shall have the respective
meanings ascribed to them in the Stockholders’ Agreement, dated of even date herewith, by and among the Company and the stockholders listed on Schedule A attached thereto. 

(b) Drag-Along. Notwithstanding anything else herein to the contrary, if, after or in connection with approval of the Board,
(A) the holders of a majority of the outstanding Common Stock, $0.001 par value per share, of the Company (the “Common Shares”), and (B) the holders of a majority of the outstanding shares of Series A Convertible Preferred
Stock, $0.001 par value per share, of the Company, and Series B Convertible Preferred Stock, $0.001 par value per share, of the Company (together, the “Preferred Shares”), voting together as a single class on an as-converted to Common Share basis, agree to consummate any (X) Transfer of Shares which constitutes a Change in Control; or (Y) a transaction that qualifies as a Deemed Liquidation Event (whether in one
transaction or a series of related transactions and whether structured as a merger, stock sale, stock exchange, or otherwise, each, a “Drag-Along Sale”), then the Participant hereby agrees to: 

(1) Transfer a proportionate percentage of its Shares acquired upon exercise of this option in the Drag-Along Sale and vote all Shares acquired
upon exercise of this option, all other securities evidencing an ownership interest in the Company, and all Convertible Securities owned or controlled by it as of the time of the record date for the Drag-Along Sale in favor of the Drag-Along Sale,
as the case may be; 
 (2) refrain from voting against or asserting or exercising any dissenters’ or appraisal rights under applicable
law at any time with respect to such Drag-Along Sale; and 
 (3) execute and deliver such documents and instruments, and take such other
actions, as reasonably are required to expedite or complete the Drag-Along Sale. 
 (c) Termination of Drag-Along. The terms,
conditions and obligations set forth in this Section 5 shall terminate upon the closing of a firm commitment underwritten public offering of the equity of the Company pursuant to the Securities Act with total proceeds of not less than
$30,000,000. 
 6. “Market Stand-off” Agreement. 

Each Participant hereby agrees that it will not, without the prior written consent of the managing underwriter, during the period commencing on
the date of the final prospectus relating to the registration by the Company of shares of its Common Stock or any other equity securities under the Securities Act on a registration statement on Form S-1 or
Form S-3, and ending on the date specified by the Company and the managing underwriter (such period not to exceed one hundred eighty (180) days in the case of the first

  
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underwritten public offering of the Common Stock or any other equity securities under the Securities Act (the “IPO”), or such other period as may be requested by the Company or an
underwriter to accommodate regulatory restrictions on (1) the publication or other distribution of research reports and (2) analyst recommendations and opinions, including, but not limited to, the restrictions contained in FINRA Rule
2711(f)(4) or NYSE Rule 472(f)(4), or any successor provisions or amendments thereto), or (y) ninety (90) days in the case of any registration other than the IPO, or such other period as may be requested by the Company or an underwriter to
accommodate regulatory restrictions on (1) the publication or other distribution of research reports and (2) analyst recommendations and opinions, including, but not limited to, the restrictions contained in FINRA Rule 2711(f)(4) or NYSE
Rule 472(f)(4), or any successor provisions or amendments thereto), (i) lend; offer; pledge; sell; contract to sell; sell any option or contract to purchase; purchase any option or contract to sell; grant any option, right, or warrant to purchase;
or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable (directly or indirectly) for Common Stock (held immediately before the effective date of the
registration statement for such offering) or (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of such securities, whether any such transaction described
in clause (i) or (ii) above is to be settled by delivery of Common Stock or other securities, in cash, or otherwise. The foregoing provisions of this Section 6 shall apply only to the IPO, shall not apply to the sale of any shares to an
underwriter pursuant to an underwriting agreement, or the transfer of any shares to any trust for the direct or indirect benefit of the Participant or the immediate family of the Participant, provided that the trustee of the trust agrees to be bound
in writing by the restrictions set forth herein, and provided further that any such transfer shall not involve a disposition for value, and shall be applicable to the Participant only if all officers and directors are subject to the same
restrictions and the Company uses commercially reasonable efforts to obtain a similar agreement from all stockholders individually owning more than one percent (1%) of the Company’s outstanding Common Stock (after giving effect to conversion
into Common Stock of all outstanding Preferred Shares). The underwriters in connection with such registration are intended third party beneficiaries of this Section 6 and shall have the right, power, and authority to enforce the provisions
hereof as though they were a party hereto. Each Participant further agrees to execute such agreements as may be reasonably requested by the underwriters in connection with such registration that are consistent with this Section 6 or that are
necessary to give further effect thereto. Any discretionary waiver or termination of the restrictions of any or all of such agreements by the Company or the underwriters shall apply pro rata to all Participants subject to such agreements, based on
the number of shares subject to such agreements. 
 7. Withholding. 

No Shares will be issued pursuant to the exercise of this option unless and until the Participant pays to the Company, or makes provision
satisfactory to the Company for payment of, any federal, state or local withholding taxes required by law to be withheld in respect of this option. 
 8.
Irrevocable Proxy and Power of Attorney. 
 (a) The Participant hereby constitutes and appoints as proxy of the Participant and hereby
grants a power of attorney to each of We Holdings LLC (“WH”), any designee of WH and Adam Neumann (each with full power of substitution and each a “Designee”), and each of them, with full power and authority in the name of, and
for and behalf of, the Participant with respect to any matters submitted to the stockholders for consent or vote, and hereby authorizes each Designee to represent and to vote all of the Shares in any such matter. The proxy and power of attorney
granted pursuant to the immediately preceding sentence (i) is given in consideration of the agreements of the parties in connection with the transactions contemplated by this agreement and, as such, each is coupled with an interest and shall be
irrevocable unless and until WH and Adam Neumann terminate this Section 8 in writing (such time, the “Termination Time”) and (ii) shall not be effective in connection with a stockholder vote pursuant to Section 280G(b)(5) of
the Code. 

  
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 (b) The Participant hereby revokes any and all previous proxies or powers of attorney, if
any, with respect to the Shares and shall not hereafter, unless and until the Termination Time, purport to grant any other proxy or power of attorney with respect to any of the Shares, deposit any of the Shares into a voting trust or enter into any
agreement (other than this agreement), arrangement or understanding with any person, directly or indirectly, to vote, grant any proxy or give instructions with respect to the voting of any of the Shares, in each case, with respect to any of the
matters set forth herein. 
 9. Transfer Restrictions. 

(a) This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation
of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant. 

(b) The Participant agrees that he or she will not transfer any Shares issued pursuant to the exercise of this option unless the transferee, as
a condition to such transfer, delivers to the Company a written instrument confirming that such transferee shall be bound by all of the terms and conditions of Section 4 and Section 5; provided that such a written confirmation shall not be
required with respect to (1) Section 4 after such provision has terminated in accordance with Section 4(g) or (2) Section 5 after the completion of the lock-up period in connection
with the Company’s initial underwritten public offering. 
 10. Provisions of the Plan. 

This option is subject to the provisions of the Plan (including the provisions relating to amendments to the Plan), a copy of which is
furnished to the Participant with this option. 

  
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 IN WITNESS WHEREOF, the Company has caused this option to be executed under its corporate
seal by its duly authorized officer. This option shall take effect as a sealed instrument. 
  

			
	WeWork Companies Inc.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
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 PARTICIPANT’S ACCEPTANCE 

The undersigned hereby accepts the foregoing option and agrees to the terms and conditions thereof. The undersigned hereby acknowledges
receipt of a copy of the Company’s 2013 Stock Incentive Plan.3 
  

			
	PARTICIPANT:
	
	  

		
	Address:	 	  

		
		 	  

		
	SPOUSE:	 	
	
	  

		
	Address:	 	  

		
		 	  

  

	3 	 If the Participant resides in a community property state, it is desirable to have the Participant’s spouse
also accept the option by signature here. The following are community property states: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, and Washington. Although Wisconsin is not formally a community property state, it has laws
governing the division of marital property similar to community property states and it may be desirable to have a Wisconsin Participant’s spouse also accept the option. In addition, if the Company is granting an option to a California
Participant, it must comply with California blue sky rules which require modification to this option. 

  
 8EX-10.4

 Exhibit 10.4 

WeWork Companies Inc. 
 Restricted
Stock Agreement 
 Granted Under 2013 Stock Incentive Plan 

RESTRICTED STOCK AGREEMENT (this “Agreement”) is made as of
                 (the “Agreement Date”), between WeWork Companies Inc., a Delaware corporation (the “Company”), and
                 (the “Participant”). 
 In
consideration of the mutual promises and covenants set forth herein, the parties hereto agree as follows: 
 1. Issuance of Shares.

 The Company shall issue and sell to the Participant, and the Participant shall purchase from the Company, subject to the terms and
conditions set forth in this Agreement, the Stockholders’ Agreement dated as                  among the Company, the Participant and the other parties thereto, as
such agreement may be amended from time to time (the “Stockholders’ Agreement”) and in the Company’s 2013 Stock Incentive Plan (the “Plan”),
                 shares (the “Shares”) of common stock, $                 par
value, of the Company (“Common Stock”), at a purchase price of $                 per share. The aggregate purchase price for the Shares shall be paid by the
Participant by check payable to the order of the Company or such other method as may be acceptable to the Company. Upon receipt by the Company of payment for the Shares, the Company shall issue to the Participant one or more certificates in the name
of the Participant for that number of Shares purchased by the Participant. The Participant agrees that the Shares shall be subject to the provisions related to the Stockholders’ Agreement set forth in Section 2 of this Agreement (including
the restrictions on transfer) and the repurchase provisions set forth in Section 3 of this Agreement. 
 2. Agreement to be Bound by
Stockholders’ Agreement. 
 The Participant agrees to be bound by the terms and conditions of the Stockholders’ Agreement and
authorizes the signature page of this Agreement to be attached to the Stockholders’ Agreement, or counterparts thereof. The Participant acknowledges receipt of the Stockholders’ Agreement as in effect on the Agreement Date. 

3. Purchase Option. 
 In
the event that the Participant ceases to provide services to the Company or any parent or subsidiary of the Company for any reason or no reason, with or without Cause, prior to the completion of vesting of the Shares pursuant to this Agreement, the
Company shall have the right and option (the “Purchase Option”) to purchase from the Participant, for a price per Share equal to the purchase price per Share set forth above (the “Option Price”), some or all of the Shares that
are unvested (the “Unvested Shares”) as of the date the Participant ceases to provide services to the Company (such date, as determined in good faith by the Board of Directors of the Company, the “Cessation of Services Date”)
shall be forfeited immediately and automatically to the Company, without payment to the Participant. The Participant shall not be entitled to any distributions attributable to any Unvested Shares payable to holders of Common Stock as of a record
date after the Cessation of Services Date. 

 The Shares shall vest pursuant to the following vesting schedule:
                 of the Shares shall vest on                  (the “Vesting
Commencement Date”) with an additional                  of the Shares vesting each month thereafter on the corresponding day of the month as the Vesting
Commencement Date (or if there is no such day in any month, then the last day of such calendar month), until the Shares are vested with respect to one hundred percent (100%) of the Shares. Notwithstanding the foregoing, if, after a Change in Control
(as defined below), the Participant’s employment with the Company, or any parent or subsidiary of the Company, or the acquiring or succeeding corporation is terminated by the Company, or such parent or subsidiary of the Company, or the
acquiring or succeeding corporation without Cause (as defined below), or by the Participant for Good Reason (as defined below), within twelve months following such Change in Control, then the vesting schedule of the Shares shall be accelerated so
that one hundred percent (100%) of the Shares shall immediately vest on the date of such termination. For purposes of this Section, if the Participant is party to an employment, consulting, severance or similar agreement with the Company, or a
parent or subsidiary of the Company, that contains a definition of “cause” for termination of employment or other relationship, “Cause” shall have the meaning ascribed to such term in such agreement; otherwise “Cause”
shall exist upon (i) a repeated failure of the Participant after written notice from the Board of Directors to perform her reasonably assigned duties for the Company, (ii) the Participant’s engagement in dishonesty, gross negligence
or misconduct, which in the case of dishonesty only has had a material adverse effect on the business or affairs of the Company as determined by the Board of Directors in good faith; (iii) the conviction of the Participant of, or the entry of a
pleading of guilty or nolo contendere by the Participant to, any crime involving moral turpitude or any felony; or (iv) a breach by the Participant of any material provision of the Stockholders’ Agreement or any invention and non-disclosure agreement or non-competition and non-solicitation agreement with the Company, which breach is not cured within ten days
written notice thereof. For purposes of this Section, if the Participant is party to an employment, consulting, severance or similar agreement with the Company, or a parent or subsidiary of the Company, that contains a definition of “good
reason” for termination of employment or other relationship, “Good Reason” shall have the meaning ascribed to such term in such agreement; otherwise “Good Reason” shall exist upon (i) the relocation of the
Company’s offices such that such Participant’s daily commute is increased by at least 30 miles each way without the written consent of the Participant; (ii) a reduction of the Participant’s annual base salary by more than 10%
without the prior consent of the Participant (other than in connection with, and substantially proportionate to, reductions by the Company of the annual base salary of more than 50% of its employees); or (iii) a material diminution in the
Participant’s duties, authority or responsibilities (but excluding mere changes in title alone) without the prior consent of the Participant, other than changes in duties, authority or responsibilities resulting from the Participant’s
misconduct or gross negligence; provided, however, that any reduction in duties, authority or responsibilities or reduction in the level of management to which the Participant reports resulting solely from a Change in Control which results in the
Company being acquired by and made a part of a larger entity shall not constitute Good Reason; provided, further, however, that no such events or conditions shall constitute Good Reason unless (x) the Participant gives the Company a written
notice of termination for 

  
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 Good Reason not more than 90 days after the initial existence of the event or condition, (y) the
grounds for termination, if susceptible to correction, are not corrected by the Company within 30 days of its receipt of such notice and (z) the Participant’s termination of employment occurs within six months following the Company’s
receipt of such notice. 
 A “Change in Control” shall mean (i) a sale, conveyance, exchange or transfer (excluding any
venture-backed investment in the Company) in which any person or entity becomes the beneficial owner, directly or indirectly, of securities of the Company representing more than fifty (50%) percent of the total voting power of all its then
outstanding voting securities; (ii) a merger or consolidation of the Company in which its voting securities immediately prior to the merger or consolidation do not represent, or are not converted into securities that represent, a majority of
the voting power of all voting securities of the surviving entity immediately after the merger or consolidation; or (iii) a sale of substantially all of the assets of the Company or a liquidation or dissolution of the Company. 

The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), within 90 days after the Cessation
of Services Date, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period. 

Within 10 days after delivery to the Participant of the Company’s notice of the exercise of the Purchase Option pursuant to the previous
paragraph, the Participant (or his estate) shall, pursuant to the provisions of the Joint Escrow Instructions referred to in Section 4 below, tender to the Company at its principal offices the certificate or certificates representing the Shares
which the Company has elected to purchase in accordance with the terms of this Agreement, duly endorsed in blank or with duly endorsed stock powers attached thereto, all in form suitable for the transfer of such Shares to the Company. Promptly
following its receipt of such certificate or certificates, the Company shall pay to the Participant the aggregate Option Price for such Shares (provided that any delay in making such payment shall not invalidate the Company’s exercise of the
Purchase Option with respect to such Shares). 
 The Option Price may be payable, at the option of the Company, in cancellation of all or a
portion of any outstanding indebtedness of the Participant to the Company or in cash (by cheek) or both. The Company may assign its Purchase Option to one or more persons or entities. 

4. Escrow. 
 The
Participant shall, upon the execution of this Agreement, execute Joint Escrow Instructions in the form attached to this Agreement as Exhibit A. The Joint Escrow Instructions shall be delivered to the Secretary of the Company, as escrow agent
thereunder. The Participant shall deliver to such escrow agent a stock assignment duly endorsed in blank, in the form attached to this Agreement as Exhibit E, and hereby instructs the Company to deliver to such escrow agent, on behalf of the
Participant, the certificate(s) evidencing the Shares issued hereunder. Such materials shall be held by such escrow agent pursuant to the terms of such Joint Escrow Instructions. 

  
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 5. Restrictive Legends. 

All certificates representing Shares shall have affixed thereto legends in substantially the following form, in addition to any other legends
that may be required under federal or state securities laws: 
 “The shares of stock represented by this certificate are subject to
restrictions on transfer and voting covenants set forth in a certain Stockholders’ Agreement between the corporation, the registered owner of these shares (or its predecessor in interest) and certain other purchasers, and repurchase rights and
certain restrictions on public resale and transfer, including a market standoff restriction, as set forth in a certain Restricted Stock Agreement between the corporation and the registered owner of these shares (or its predecessor in interest), and
such Agreement is available for inspection without charge at the office of the Secretary of the corporation.” 
 “The shares
represented by this certificate have not been registered under the Securities Act of 1933, as amended, and may not be sold, transferred or otherwise disposed of in the absence of an effective registration statement under such Act or an opinion of
counsel satisfactory to the corporation to the effect that such registration is not required.” 
 6. Provisions of the Plan.

 This Agreement is subject to the provisions of the Plan, a copy of which is furnished to the Participant with this Agreement. 

As provided in the Plan, upon the occurrence of a Reorganization Event (as defined in the Plan), the repurchase and other rights of the
Company hereunder shall inure to the benefit of the Company’s successor and shall apply to the cash, securities or other property which the Shares were converted into or exchanged for pursuant to such Reorganization Event in the same manner and
to the same extent as they applied to the Shares under this Agreement. If, in connection with a Reorganization Event, a portion of the cash, securities and/or other property received upon the conversion or exchange of the Shares is to be placed into
escrow to secure indemnification or similar obligations, the mix between the vested and unvested portion of such cash, securities and/or other property that is placed into escrow shall be the same as the mix between the vested and unvested portion
of such cash, securities and/or other property that is not subject to escrow. 
 7. Investment Representations. 

The Participant represents, warrants and covenants as follows: 

The Participant is acquiring the Shares for his own account for investment only, and not with a view to, or for sale in connection with, any
distribution of the Shares in violation of the Securities Act of 1933, as amended (the “Securities Act”), or any rule or regulation under the Securities Act. 

  
 4 

 The Participant has had such opportunity as he has deemed adequate to obtain from
representatives of the Company such information as is necessary to permit him to evaluate the merits and risks of his investment in the Company. 

The Participant has sufficient experience in business, financial and investment matters to be able to evaluate the risks involved in the
acquisition of the Shares and to make an informed investment decision with respect to such acquisition. 
 The Participant can afford a
complete loss of the value of the Shares and is able to bear the economic risk of holding such Shares for an indefinite period. 
 The
Participant understands that (i) the Shares have not been registered under the Securities Act and are “restricted securities” within the meaning of Rule 144 under the Securities Act; (ii) the Shares cannot be sold, transferred or
otherwise disposed of unless they are subsequently registered under the Securities Act or an exemption from registration is then available; (iii) in any event, the exemption from registration under Rule 144 will not be available for at least
one year and even then will not be available unless a public market then exists for the Common Stock, adequate information concerning the Company is then available to the public, and other terms and conditions of Rule 144 are complied with; and
(iv) there is now no registration statement on file with the Securities and Exchange Commission with respect to any stock of the Company and the Company has no obligation or current intention to register the Shares under the Securities Act.

 8. Withholding Taxes; Section 83(b) Election. 

The Participant acknowledges and agrees that the Company has the right to deduct from payments of any kind otherwise due to the Participant any
federal, state or local taxes of any kind required by law to be withheld with respect to the acquisition of the Shares by the Participant or the lapse of the Company’s Purchase Option. 

The Participant has reviewed with the Participant’s own tax advisors the federal, state, local and foreign tax consequences of this
investment and the transactions contemplated by this Agreement. The Participant is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. The Participant understands that the Participant
(and not the Company) shall be responsible for the Participant’s own tax liability that may arise as a result of this investment or the transactions contemplated by this Agreement. The Participant understands that it may be beneficial in many
circumstances to elect to be taxed at the time the Shares are granted by the Company rather than when and as the Company’s Purchase Option expires by filing an election under Section 83(b) of the Internal Revenue Code of 1986, as amended
(the “Code”) with the I.R.S. within 30 days from the date of grant by the Company. 
 THE PARTICIPANT ACKNOWLEDGES THAT IT IS
SOLELY THE PARTICIPANT’S RESPONSIBILITY AND NOT THE COMPANY’S TO FILE TIMELY THE ELECTION UNDER SECTION 83(b), EVEN IF THE PARTICIPANT REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON THE PARTICIPANT’S BEHALF. 

  
 5 

 9. “Market Stand-off” Agreement.

 Each Participant hereby agrees that it will not, without the prior written consent of the managing underwriter, during the period
commencing on the date of the final prospectus relating to the registration by the Company of shares of its Common Stock or any other equity securities under the Securities Act on a registration statement on Form
S-1 or Form S-3, and ending on the date specified by the Company and the managing underwriter (such period not to exceed one hundred eighty (180) days in the case
of the first underwritten public offering of the Common Stock or any other equity securities under the Securities Act (the “IPO”), or such other period as may be requested by the Company or an underwriter to accommodate regulatory
restrictions on (1) the publication or other distribution of research reports and (2) analyst recommendations and opinions, including, but not limited to, the restrictions contained in FINRA Rule 2711(04) or NYSE Rule 472(0(4), or any
successor provisions or amendments thereto), or (y) ninety (90) days in the case of any registration other than the IPO, or such other period as may be requested by the Company or an underwriter to accommodate regulatory restrictions on
(1) the publication or other distribution of research reports and (2) analyst recommendations and opinions, including, but not limited to, the restrictions contained in FINRA Rule 2711(f)(4) or NYSE Rule 472(0(4), or any successor
provisions or amendments thereto), (i) lend; offer; pledge; sell; contract to sell; sell any option or contract to purchase; purchase any option or contract to sell; grant any option, right, or warrant to purchase; or otherwise transfer or dispose
of, directly or indirectly, any shares of Common Stock or• any securities convertible into or exercisable or exchangeable (directly or indirectly) for Common Stock (held immediately before the effective date of the registration statement for
such offering) or (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of such securities, whether any such transaction described in clause (1) or (ii)
above is to be settled by delivery of Common Stock or other securities, in cash, or otherwise. The foregoing provisions of this Section 9 shall apply only to the IPO, shall not apply to the sale of any shares to an underwriter pursuant to an
underwriting agreement, or the transfer of any shares to any trust for the direct or indirect benefit of the Participant or the immediate family of the Participant, provided that the trustee of the trust agrees to be bound in writing by the
restrictions set forth herein, and provided further that any such transfer shall not involve a disposition for value, and shall be applicable to the Participant only if all officers and directors are subject to the same restrictions and the Company
uses commercially reasonable efforts to obtain a similar agreement from all stockholders individually owning more than one percent (1%) of the Company’s outstanding Common Stock (after giving effect to conversion into Common Stock of all
outstanding capital stock of the Company convertible into Common Stock). The underwriters in connection with such registration are intended third party beneficiaries of this Section 9 and shall have the right, power, and authority to enforce
the provisions hereof as though they were a party hereto. Each Participant further agrees to execute such agreements as may be reasonably requested by the underwriters in connection with such registration that are consistent with this Section 9
or that are necessary to give further effect thereto. Any discretionary waiver or termination of the restrictions of any or all of such agreements by the Company or the underwriters shall apply pro rata to all Participants subject to such
agreements, based on the number of shares subject to such agreements. 

  
 6 

 10. Irrevocable Proxy and Power of Attorney. 

The Participant hereby constitutes and appoints as proxy of the Participant and hereby grants a power of attorney to each of We Holdings LLC
(“WH”), any designee of WH and Adam Neumann (each with full power of substitution and each a “Designee”), and each of them, with full power and authority in the name of, and for and behalf of, the Participant with respect to any
matters submitted to the stockholders for consent or vote, and hereby authorizes each Designee to represent and to vote all of the Shares in any such matter. The proxy and power of attorney granted pursuant to the immediately preceding sentence
(i) is given in consideration of the agreements of the parties in connection with the transactions contemplated by this Agreement and, as such, each is coupled with an interest and shall be irrevocable unless and until
             and              terminate this Section 10 in writing (such time, the “Termination Time”) and
(ii) shall not be effective in connection with a stockholder vote pursuant to Section 280G(b)(5) of the Code. 
 The Participant
hereby revokes any and all previous proxies or powers of attorney, if any, with respect to the Shares and shall not hereafter, unless and until the Termination Time, purport to grant any other proxy or power of attorney with respect to any of the
Shares, deposit any of the Shares into a voting trust or enter into any agreement (other than this Agreement), arrangement or understanding with any person, directly or indirectly, to vote, grant any proxy or give instructions with respect to the
voting of any of the Shares, in each case, with respect to any of the matters set forth herein. 
 11. Miscellaneous. 

No Rights to Employment. The Participant acknowledges and agrees that the vesting of the Shares pursuant to Section 3 hereof is
earned only by continuing service as an employee at the will of the Company (not through the act of being hired or issued shares hereunder). The Participant further acknowledges and agrees that the transactions contemplated hereunder and the vesting
schedule set forth herein do not constitute an express or implied promise of continued engagement as an employee or consultant for the vesting period, for any period, or at all. 

Severability. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of
any other provision of this Agreement, and each other provision of this Agreement shall be severable and enforceable to the extent permitted by law. 

Waiver. Any provision for the benefit of the Company contained in this Agreement may be waived, either generally or in any particular
instance, by the Board of Directors of the Company (including the Investor Director (as defined the Stockholders’ Agreement)). 

Binding Effect. This Agreement shall be binding upon and inure to the benefit of the Company and the Participant and their respective
heirs, executors, administrators, legal representatives, successors and assigns, subject to the restrictions on transfer forth in the Stockholders’ Agreement. 

Notice. All notices required or permitted hereunder shall be in writing and deemed effectively given upon personal delivery or five
days after deposit in the United States Post Office, by registered or certified mail, postage prepaid, addressed to the other party hereto at the address shown beneath his or its respective signature to this Agreement, or at such other address or
addresses as either party shall designate to the other in accordance with this Section 11(e). 

  
 7 

 Pronouns. Whenever the context may require, any pronouns used in this Agreement shall
include the corresponding masculine, feminine or neuter forms, and the singular form of nouns and pronouns shall include the plural, and vice versa. 

Entire Agreement. This Agreement and the Plan constitute the entire agreement between the parties, and supersedes all prior agreements
and understandings, relating to the subject matter of this Agreement. 
 Amendment. This Agreement may be amended or modified only by
a written instrument executed by both the Company and the Participant, provided that any amendment to Section 10 and this Section 11(h) shall also require the prior written consent of [•] and [•]. Notwithstanding the foregoing,
any amendment or modification of Section 11(c) and this Section 11(h) (insofar as it amends or modifies the effect of this sentence) shall also require the prior written consent of the Board of Directors of the Company (including the
Investor Director). 
 Governing Law. This Agreement shall be construed, interpreted and enforced in accordance with the internal
laws of the State of Delaware without regard to any applicable conflicts of laws. 
 Participant’s Acknowledgments. The
Participant acknowledges that he or she: (i) has read this Agreement; (ii) has been represented in the preparation, negotiation, and execution of this Agreement by legal counsel of the Participant’s own choice or has voluntarily
declined to seek such counsel; (iii) understands the terms and consequences of this Agreement; (iv) is fully aware of the legal and binding effect of this Agreement; and (v) understands that the law firm of [•], is acting as
counsel to the Company in connection with the transactions contemplated by the Agreement, and is not acting as counsel for the Participant. 

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

 

			
	 WeWork Companies Inc.

		
	By:	 	              

	Title:	 	  

	Address: 

  
 8

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