Document:

Exhibit
10.1

 

Performance Stock Unit No.________

 

ATN INTERNATIONAL, INC.

 

Form of Performance Stock Unit Award
Grant Notice

Performance Stock Unit Award Grant under the

ATN International, Inc. 2008 Equity Incentive Plan

 

	1.      Name
and Address of Participant:	 	 
	 	 	 
	 	 	 
	 	 	 
	2.      Date
of Grant of Performance Stock Unit 

Award:	 	 
	 	 	 
	3.     Target Number of Shares underlying 

Performance Stock Unit Award (“Target 

PSUs”):	 	 

 

	4.	Vesting of Award:  Subject to the incorporated
terms and conditions set forth hereto, this Performance Stock Unit Award shall vest as of the last day of the Measurement Period
and the Participant will earn the number of Performance Stock Units (“PSUs”) determined by multiplying the number
of Target PSUs times the Applicable Percentage.

 

	        	Peer Group:	 	Russell 2000 Index
	 	 	 	 
	 	Measurement Period:	 	 
	 	 	 	 
	 	Performance Calculation:	 	Relative TSR (Total Stockholder Return) of a share of Company Common Stock (ATN) against the Russell 2000 Index.

 

		Applicable	Percentage:

 

	 	Applicable Percentage
	Percentile Ranking	ATN TSR > 0%	ATN TSR <0%
	Below 25%	0%	0%
	At least 25%	50%	50%
	At least 50%	100%	100%
	75% or higher	150%	100%

 

The Company and the Participant acknowledge receipt of this
Performance Stock Unit Award Grant Notice and agree to the terms of the Performance Stock Unit Agreement attached hereto and incorporated
by reference herein, the Company’s 2008 Equity Incentive Plan and the terms of this Performance Stock Unit Award as set forth
above.

 

	ATN International, Inc.	 

 

	By:	 	 	 
	Name:  	 	       	
	Title:	 	 	Date
	 	 	 	 

 

	 	 	 
	Participant	 	Date

 

     

     

    

 

ATN INTERNATIONAL, INC.

 

FORM OF PERFORMANCE STOCK UNIT AGREEMENT
–

 

INCORPORATED TERMS AND CONDITIONS

 

AGREEMENT made as of
the date of grant (the “Date of Grant”) set forth in the Performance Stock Unit Award Grant Notice between ATN International,
Inc. (the “Company”), a Delaware corporation, and the individual whose name appears on the Performance Stock Unit Award
Grant Notice (the “Participant”).

 

WHEREAS, the Company
has adopted the ATN International, Inc. 2008 Equity Incentive Plan (the “Plan”), to promote the interests of the Company
by providing an incentive for employees, directors and consultants of the Company and its Affiliates;

 

WHEREAS, pursuant to
the provisions of the Plan, the Company desires to grant to the Participant Performance Stock Units (“PSUs”) related
to the Company’s common stock, $.01 par value per share (“Common Stock”), in accordance with the provisions of
the Plan, all on the terms and conditions hereinafter set forth; and

 

WHEREAS, the Company
and the Participant understand and agree that any terms used and not defined herein have the meanings ascribed to such terms in
the Plan.

 

NOW, THEREFORE, in
consideration of the promises and the mutual covenants contained herein and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

1.       Grant of Award.  The Company hereby grants to the Participant an award for the target number of PSUs (the
“Target PSUs”) set forth in the Performance Stock Unit Award Grant Notice (the “Award”). Each PSU to be
issued in accordance with the calculation of the performance vesting of the Award represents a contingent entitlement of the Participant
to receive one share of Common Stock, on the terms and conditions and subject to all the limitations set forth herein and in the
Plan, which is incorporated herein by reference.  The Participant acknowledges receipt of a copy of the Plan.

 

2.       Vesting
of Award. The Award granted hereby shall vest as set forth in the Performance Stock Unit Award Grant Notice and this paragraph
2 and is subject to the other terms and conditions of this Agreement and the Plan.  

 

(a)                
Continued Employment; Retirement. This paragraph 2(a) applies if (i) the Participant remains in the continuous employ
of the Company or an Affiliate from the Date of Grant until the last day of the Measurement Period or the Participant’s Retirement,
provided such Retirement does not occur before six (6) months following the Date of Grant; (ii) a Change in Control does not occur
before the last day of the Measurement Period; and (iii) the Participant complies with all of the restrictive covenants set forth
in this Agreement. If this paragraph 2(a) applies, then the Participant will earn and become vested in the number of PSUs determined
by multiplying the number of Target PSUs times the Applicable Percentage.

 

(b)               
Death or Disability. This paragraph 2(b) applies if (i) the Participant remains in the continuous employ of the Company
or an Affiliate from the Date of Grant until the date that the Participant’s employment with the Company terminates on account
of the death or Disability of the Participant, provided such date of termination does not occur before six (6) months following
the Date of Grant and is before a Change in Control occurs and (ii) the Participant complies with all of the restrictive covenants
set forth in this Agreement. If this paragraph 2(b) applies, then the Participant will earn and become vested in the number of
PSUs equal to the product of the proration fraction times the number of PSUs determined by multiplying the number of Target PSUs
times the Applicable Percentage. The numerator of the proration fraction is the number of whole months that the Participant was
employed by the Company or an Affiliate on or after first day of the Measurement Period and the denominator of the proration fraction
is thirty-six (36).

 

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(c)                
 Change in Control. This paragraph 2(c) applies if (i) a Change in Control occurs on or before the last day of the
Measurement Period, and (ii) the Participant remains in continuous employ of the Company or an Affiliate from the Date of Grant
until the Change in Control Date. This paragraph 2(c) also applies if a Change in Control occurs on or before the last day of the
Measurement Period but on or after the date of the Participant’s Retirement in accordance with paragraph 2(a) or the Participant’s
death or Disability in accordance with paragraph 2(b). If this paragraph 2(c) applies, then the Measurement Period will be deemed
to have been completed as of the Change in Control Date and the Participant will be eligible to earn the right to receive the Change
in Control Payout. The Participant’s right to receive the Change in Control Payout shall become vested on the Change in Control
Date if (A) the Participant’s employment with the Company terminated on account of the death or Disability or the Participant
Retired, in any case on or before the Change in Control Date or (B) if the Company is not the surviving entity in the Change in
Control (or is the surviving entity but does not have publicly traded stock after the Change in Control Date) and the surviving
entity does not assume the Company’s obligations under this Agreement. If the Company is the surviving entity in the Change
in Control and has publicly traded stock after the Change in Control Date or the surviving entity assumed the Company’s obligations
under this Agreement, and the Change in Control Payout did not become vested under clause (A) above, then the Participant’s
right to receive the Change in Control Payout shall become vested on the earlier of (i) in equal annual installments on each of
the first, second and third anniversaries of the Date of Grant (each, an “Installment Vesting Date”), subject to the
Participant’s continued employment with the Company or an Affiliate through each Installment Vesting Date, provided that
if the Change in Control occurs after an Installment Vesting Date, the portion of the Change in Control Payment attributable to
such Installment Vesting Date shall become vested on the Change in Control Date, or (ii) the date that the Participant’s
employment with the Company and its Affiliates terminates on account of (A) the Participant’s death, Disability, or Retirement,
or (B) termination by the Company or an Affiliate without Cause or resignation by the Participant with Good Reason, provided, that
such termination occurs before the twelve (12) month anniversary of the Change in Control Date.

 

Except as provided
in this paragraph 2, the Participant’s rights with respect to the PSUs and the Change in Control Payout shall be forfeited
on the date that the Participant’s employment with the Company and its Affiliate terminates for any reason.

 

3.       Settlement.

 

(a)                
Before a Change in Control. As soon as practicable after the end of the applicable Measurement Period, but in all
events no later than March 15 of the year following the end of the applicable Measurement Period, the Committee shall determine
and certify the number of PSUs that have been earned and vested under paragraph 2(a) or 2(b). On the date of the Committee’s
certification, the Committee shall direct the transfer agent to issue the shares of Common Stock to the Participant (or the estate
of the Participant in the case of the Participant’s death on or before such date). The number of shares of Common Stock issued
to the Participant will equal the number of PSUs that the Committee has certified have been earned and vested by the Participant
under paragraph 2(a) or 2(b), as applicable; provided, however that only whole shares of Common Stock will be issued and a cash
payment will be made in settlement of any fractional share of Common Stock that otherwise would be issued to the Participant.

 

(b)               
On and After a Change in Control.

 

(i)             
As soon as practicable after a Change in Control Date, but in all events no later than one hundred and eighty (180) days
following the Change in Control Date or if earlier, March 15 of the year following the year in which the Change in Control Date
occurs, the Committee shall determine and certify the amount of the Change in Control Payout. The Change in Control Payout certified
by the Committee shall be settled in accordance with paragraph 3(b)(ii) and paragraph 3(b)(iii) if the vesting requirements of
paragraph 2(c) are satisfied.

 

(ii)               The
Change in Control Payout shall be paid on the date of the Committee’s certification under paragraph 3(b)(i) if the
Participant’s employment with the Company terminated on account of the death or Disability or the Participant Retired,
in any case on or before the Change in Control Date. The Change in Control Payout also shall be paid on the date of the
Committee’s certification under paragraph 3(b)(i) if the Company is not the surviving entity in the Change in Control
(or is the surviving entity but does not have publicly traded stock after the Change in Control Date) and the Company’s
obligations under this Agreement are not assumed by the surviving entity or its parent corporation. If the Company is the
surviving entity in the Change in Control and has publicly traded stock after the Change in Control Date or the
Company’s obligation under this Agreement are assumed by the surviving entity or its parent corporation, then the
Change in Control Payout that is certified under paragraph 3(b)(i) shall be paid on the earlier of (x) within thirty (30)
days following each Installment Vesting Date, provided that if the Change in Control occurs after an Installment Vesting
Date, the portion of the Change in Control Payment attributable to such Installment Vesting Date shall become payable on the
date of the Committee’s certification under paragraph 3(b)(i) or (y) the date that is thirty (30) days after the
Participant’s termination of employment if such termination occurs on account of the Participant’s death,
Disability, or Retirement, or if such termination occurs before the twelve month anniversary of the Change in Control on
account of termination by the Company or an Affiliate without Cause or resignation by the Participant with Good Reason.

 

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(iii)              
The Change in Control Payout shall be paid in a single payment in stock that is readily tradable on an established securities
market, cash, or a combination of such stock and cash, as determined by the Committee in its discretion.

 

4.       Certain Definitions.

 

(a)                
“Applicable Percentage” means the percentage determined in accordance with the table in the Performance Stock
Unit Award Grant Notice based on the Company’s Percentile Ranking for the applicable Measurement Period. The Applicable Percentage
shall be determined using straight line interpolation in the case of Percentile Rankings of at least 25% but less than 50% and
at least 50% but less than 100% and, if applicable, at least 100% but less than 150%. Notwithstanding the foregoing, if the Company’s
TSR for the applicable Measurement Period is less than zero, then the Applicable Percentage shall be the lesser of the amount determined
under the table set forth in the Performance Stock Unit Award Grant Notice and 100%.

 

(b)               
“Cause” means a determination by the Company’s Chief Executive Officer or the Board for an Award made
to the Chief Executive Officer (in the case of a termination prior to a Change in Control) or by the Board (in the case of a termination
on or following a Change in Control), in their discretion, that the Participant has committed any of the following acts; provided
that, with respect to clauses (i), (ii), (iii) and (v) only, the Participant shall not have cured such failure, breach,
or act (if not willful misconduct and if curable, both as determined in the good faith discretion of the Board) within thirty (30)
days of the Chief Executive Officer or the Board (as determined above) providing the Participant with written notice of the condition
(specifying with reasonable particularity the condition):

 

(i)             
refusal or material failure to perform job duties and responsibilities (other than by reason of serious physical or mental
illness, injury, or medical condition);

 

(ii)              
failure or refusal to comply in any material respect with material Company policies or lawful directives of the Board;

 

(iii)              
material breach of any contract or agreement between the Participant and the Company (including but not limited to this
Agreement and any other confidentiality, restrictive covenant, assignment of inventions agreement or similar agreement between
the Participant and the Company), or material breach of any statutory duty, fiduciary duty or any other obligation that the Participant
owes to the Company;

 

(iv)              
commission of an act of fraud, theft, embezzlement or other unlawful act against the Company or involving its property or
assets;

 

(v)             
engaging in unprofessional, unethical or other intentional acts that materially discredit the Company or are materially
detrimental to the reputation, character or standing of the Company; or

 

(vi)              
indictment or conviction or plea of nolo contendere or guilty plea with respect to any felony or crime of moral turpitude.

 

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(c)                
 “Change in Control” means:

 

(i)             
any person, entity or group (within the meaning of Section 13(2)(3) or 14(d)(2) of the Securities Exchange
Act of 1934, as amended) acquires beneficial ownership of securities of the Company representing more than fifty percent (50%)
of the combined voting power of the Company’s then outstanding securities other than by virtue of a merger, consolidation
or similar transaction. Notwithstanding the foregoing, a Change in Control will not be deemed to occur solely because the level
of beneficial ownership held by any such person, entity or group (the “Subject Person”) exceeds the designated percentage
threshold of the outstanding voting securities as a result of a repurchase or other acquisition of voting securities by the Company
reducing the number of shares outstanding, provided that if a Change in Control would occur (but for the operation of this sentence)
as a result of the acquisition of voting securities by the Company, and after such share acquisition, the Subject Person becomes
the beneficial owner of any additional voting securities that, assuming the repurchase or other acquisition had not occurred, increases
the percentage of the then outstanding voting securities beneficially owned by the Subject Person over the designated percentage
threshold, then a Change in Control will be deemed to occur;

 

(ii)              
there is consummated a merger, consolidation or similar transaction involving (directly or indirectly) the Company and,
immediately after the consummation of such merger, consolidation or similar transaction, the stockholders of the Company immediately
prior thereto do not beneficially own, either (A) outstanding voting securities representing more than fifty percent (50%)
of the combined outstanding voting power of the surviving entity in such merger, consolidation or similar transaction, or (B) more
than fifty percent (50%) of the combined outstanding voting power of the parent of the surviving entity in such merger, consolidation
or similar transaction, in each case in substantially the same proportions as their beneficial ownership of the outstanding voting
securities of the Company immediately prior to such transaction;

 

(iii)              
there is consummated a sale, lease, exclusive license or other disposition of all or substantially all of the consolidated
assets of the Company and its subsidiaries, other than a sale, lease, license or other disposition of all or substantially all
of the consolidated assets of the Company and its subsidiaries to an entity, more than fifty percent (50%) of the combined voting
power of the voting securities of which are beneficially owned by stockholders of the Company in substantially the same proportions
as their beneficial ownership of the outstanding voting securities of the Company immediately prior to such sale, lease, license
or other disposition; or

 

(iv)              
individuals who, on the date of this Agreement, are members of the Board (the “Incumbent Board”) cease, during
any twelve (12)-month period, for any reason to constitute at least a majority of the members of the Board; provided, however,
that if the appointment or election (or nomination for election) of any new Board member was approved or recommended by a majority
vote of the members of the Incumbent Board then still in office, such new member will, for purposes of this Agreement, be considered
as a member of the Incumbent Board.

 

To the extent required
for compliance with Section 409A of the Code, in no event will a Change in Control be deemed to have occurred if such transaction
is not also a “change in the ownership of” or a “change in the effective control of” or a “change
in the ownership of a substantial portion of the assets of” the Company as determined under Section 409A of the Code (without
regard to any alternative definition thereunder).

 

(d)               
“Change in Control Date” shall mean the closing of a Change in Control.

 

(e)                
“Change in Control Payout” means the value determined by multiplying the Target PSUs by the Applicable Percentage
as of the Change in Control Date by the Fair Market Value of a share of Common Stock on the Change in Control Date.

 

(f)                 
“Disability” means the Participant becomes permanently disabled within the meaning of, and begins actually to
receive disability benefits pursuant to Social Security Disability Income or the long-term disability plan in effect for, or applicable
to, the Participant.

 

(g)                “Fair
Market Value” with respect to the Common Stock or other property means the fair market value thereof determined by such
methods as shall be established by the Committee from time to time. Unless otherwise determined by the Committee in good
faith, the per share Fair Market Value of the Common Stock as of the Change in Control Date shall be the price per
share deemed to be paid for each share of Common Stock as part of the Change in Control.

 

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(h)               
“Good Reason” means any of the following without the Participant’s prior written consent:

 

(i)             
A material reduction in the Participant’s duties, title or responsibilities;

 

(ii)             A
material reduction in the Participant’s annual base salary, except that an aggregate reduction in annual base salary of
up to ten percent (10%) that is instituted as a result of a broad-based reduction in base salaries for the Company’s executives
as a whole shall not be considered to constitute a basis for a Good Reason termination;

 

(iii)           A
relocation of the Participant’s principal place of employment to a location more than fifty (50) miles from the Participant’s
prior principal place of employment (unless such relocation does not increase the Participant’s commute by more than twenty
(20) miles), except that required travel on the Company’s business (to an extent substantially consistent with the Participant’s
prior business travel obligations for the Company) shall not be considered to constitute a basis for a Good Reason termination;
or

 

(iv)         The
failure by the Company to obtain an agreement from any successor to the Company to assume and agree to perform the obligations
under this Agreement.

 

A termination due to Good Reason must be
initiated, in a writing to the Company, by the Participant within sixty (60) days following the earlier of (i) the initial
notification, or (ii) the initial instance, of the condition giving rise to the Good Reason.  The Company shall have
thirty (30) days in which to cure the condition otherwise giving rise to the Good Reason.  In the event that the Company does
not cure the condition, then the Good Reason shall be effective as of the end of the thirty (30) day cure period. In the event
that the Company does cure the condition (as determined in the reasonable discretion of the Board, with respect subparagraphs (i) and
(ii)) otherwise giving rise to the Good Reason, then no termination of employment shall occur.

 

(i)                
“Measurement Period” means:

 

(i)           
For purposes of paragraph 2(a) and paragraph 2(b) the period specified in the Performance Stock Unit Award Grant Notice;
or

 

(ii)             For
purposes of paragraph 2(c) the period from the first day of the Measurement Period through the Change in Control Date.

 

(j)                 
“Peer Group” means the stock index or companies listed in the Performance Stock Unit Award Grant Notice. If
a company that is listed in the Performance Stock Unit Award Grant Notice ceases to be publicly traded during the applicable Measurement
Period, then that company shall not be considered a member of the Peer Group for that Measurement Period. If a company that is
listed on Performance Stock Unit Award Grant Notice becomes subject to a proceeding as a debtor under the United States Bankruptcy
Code during the applicable Measurement Period, that company shall continue to be a member of the Peer Group but its TSR for the
applicable Measurement Period shall be deemed to be no greater than any other member of the Peer Group.

 

(k)              
“Percentile Ranking” means the relative ranking of the Company based on the Company’s TSR for the applicable
Measurement Period compared to the TSR of each member of the Peer Group for the same Measurement Period.

 

(l)               
“Retirement” or “Retire” means the Participant’s retirement from active employment of the
Company and its Affiliates while in good standing, on or after the six (6) month anniversary of the Date of Grant and on or after
the date that the Participant has both attained age fifty-five (55) and completed ten (10) years of continuous service as an employee
exclusive of any prior service credited for other benefit purposes.

 

(m)             
 “TSR” means, for the Common Stock and the common stock of each member of the Peer Group, the total shareholder
return (share price appreciation / depreciation during the applicable Measurement Period plus the value attributable to reinvested
dividends paid on the shares during the applicable Measurement Period). The TSR shall be expressed as a percentage. The calculation
of TSR will be based on the average closing price of the shares for the forty trading days immediately preceding and including
each of the first and last days of the Measurement Period. The TSR will be calculated assuming that cash dividends (including extraordinary
cash dividends) paid on the shares are reinvested in additional shares on the ex dividend date and that any securities distributed
to shareholders in a spinoff transaction are sold and the proceeds reinvested in additional shares on the ex dividend date.

 

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5.           
Prohibitions on Transfer and Sale.  This Award (including any additional PSUs received by the Participant
as a result of stock dividends, stock splits or any other similar transaction affecting the Company’s securities without
receipt of consideration) shall not be transferable by the Participant otherwise than (a) by will or by the laws of descent and
distribution, or (b) pursuant to a qualified domestic relations order as defined by the Internal Revenue Code or Title I of the
Employee Retirement Income Security Act or the rules thereunder.  Except as provided in the previous sentence, the shares
of Common Stock (or cash if applicable) to be issued pursuant to this Agreement shall be issued, during the Participant’s
lifetime, only to the Participant (or, in the event of legal incapacity or incompetence, to the Participant’s guardian or
representative). This Award shall not be assigned, pledged or hypothecated in any way (whether by operation of law or otherwise)
and shall not be subject to execution, attachment or similar process.  Any attempted transfer, assignment, pledge, hypothecation
or other disposition of this Award or of any rights granted hereunder contrary to the provisions of this paragraph 5, or the levy
of any attachment or similar process upon this Award shall be null and void.

 

6.              
Adjustments.  The Plan contains provisions covering the treatment of PSUs and shares of Common Stock in
a number of contingencies such as stock splits. Provisions in the Plan for adjustment with respect to this Award and the related
provisions with respect to successors to the business of the Company are hereby made applicable hereunder and are incorporated
herein by reference. 

 

7.              
Securities Law Compliance; Lock Up.  The Company shall not be obligated to issue or deliver any shares
of Common Stock unless the Company is satisfied that all requirements of law or any applicable stock exchange in connection therewith
(including without limitation the effective registration or exemption of the issuance of such shares under the Securities Act of
1933, as amended, and applicable state securities laws) have been or will be complied with, and the Committee may impose any restrictions
on the Participant’s rights as it shall deem necessary or advisable to comply with any such requirements; provided that the
Company will issue such shares on the earliest date at which it reasonably anticipates that such issuance will not cause such violation.
 The Participant further agrees hereby that, as a condition to the issuance of shares of Common Stock covered by the Shares,
the Participant will enter into and perform any underwriter’s lock-up agreement requested by the Company from time to time
in connection with public offerings of the Company’s securities.

 

8.              
Rights as a Stockholder.  The Participant shall have no right as a stockholder, including voting and dividend
rights, with respect to the PSUs subject to this Agreement.

 

9.              Incorporation
of the Plan.  The Participant specifically understands and agrees that the PSUs and the shares of Common Stock to
be issued under the Plan will be issued to the Participant pursuant to the Plan, a copy of which Plan the Participant acknowledges
he or she has read and understands and by which Plan he or she agrees to be bound.  The provisions of the Plan are incorporated
herein by reference.

 

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10.           Tax
Liability of the Participant and Payment of Taxes.  The Participant acknowledges and agrees that any income or other
taxes due from the Participant with respect to this Award or the shares of Common Stock to be issued pursuant to this Agreement
or otherwise sold shall be the Participant’s responsibility.  Without limiting the foregoing, the Participant
agrees that if under applicable law the Participant will owe taxes at each vesting date on the portion of the Award then vested
the Company shall be entitled to immediate payment from the Participant of the amount of any tax or other amounts required to
be withheld by the Company by applicable law or regulation. Any taxes or other amounts due shall be paid, at the option of the
Committee as follows:

 

(a)                
 through reducing the number of shares of Common Stock (or cash if applicable) entitled to be issued to the Participant
on the applicable vesting date in an amount equal to the statutory minimum of the Participant’s total tax and other withholding
obligations due and payable by the Company.  Fractional shares will not be retained to satisfy any portion of the Company’s
withholding obligation.  Accordingly, the Participant agrees that in the event that the amount of withholding required
would result in a fraction of a share being owed, that amount will be satisfied by withholding the fractional amount from the Participant’s
paycheck; or

 

(b)               
requiring the Participant to deposit with the Company an amount of cash equal to the amount determined by the Company to
be required to be withheld with respect to the statutory minimum amount of the Participant’s total tax and other withholding
obligations due and payable by the Company or otherwise withholding from the Participant’s paycheck an amount equal to such
amounts due and payable by the Company.

 

The Company shall not
deliver any shares of Common Stock (or cash if applicable) to the Participant until it is satisfied that all required withholdings
have been made.

 

11.             
Termination; Non-Competition and Non-Solicitation; Forfeiture.

 

(a)               
Upon termination of employment with the Company and its Affiliates for any reason (other than death, Disability or upon
the occurrence of a Change in Control), any portion of the PSUs that is unvested as of the termination date will be forfeited and
revert back to the Company.  Authorized leave of absence or absence on military or government service shall not constitute
termination of the Participant’s employment for this purpose so long as either (a) such absence is for a period of no
more than ninety (90) calendar days or (b) the Participant’s right to re-employment after such absence is guaranteed
either by statute or by contract.

 

While employed or providing service to
the Company or its Affiliates and for a period of one year after the termination or cessation of such employment or service for
any reason, the Participant will not, without the Company’s prior written consent, directly or indirectly: (i) engage
in any business or enterprise (whether as owner, partner, officer, director, employee, consultant, investor, lender or otherwise,
except as the holder of not more than 1% of the outstanding stock of a publicly-held company) that is competitive with the Company’s
business, including but not limited to any business or enterprise that develops, manufactures, markets, licenses, sells or provides
any product or service that competes with any product or service developed, manufactured, marketed, licensed, sold or provided,
or planned to be developed, manufactured, marketed, licensed, sold or provided, by the Company while the Participant is employed
or providing service to the Company;  (ii) either alone or in association with others, sell or attempt to sell to any
person or entity that was, or to whom the Company had made or received a proposal to become, a customer or client of the Company
at any time during the term of my employment or service with the Company, any products or services that are competitive with any
products or services developed, manufactured, marketed, sold or provided by the Company; or (iii) either alone or in association
with others, recruit, solicit or hire in any capacity any employee of the Company, or induce or attempt to induce any employee
of the Company to discontinue his or her employment relationship with the Company. For the one-year period after the termination
or cessation of employment, the Participant’s restrictions in subsection (i) above shall be limited to: (A) the geographic
areas in which the Company, during any time within the last two (2) years of the Participant’s employment, provided
services, or had a material presence or influence, or was taking steps to do business and (B) activity that may require or inevitably
would require disclosure or use of trade secrets or confidential or proprietary information of the Company, and/or activity involving
the types of services provided by the Participant to the Company at any time during the last two (2) years of employment. For the
one-year period after the termination or cessation of employment, the Participant’s obligations in subsection (ii) above
shall be limited to customers or clients, and potential customers or clients, that the Participant, or persons under the Participant’s
supervision at the Company, had business dealings with or was provided confidential information about during the Participant’s
employment with the Company. For the one-year period after the termination or cessation of employment, the Participant’s
obligations in subsection (iii) above shall be limited to employees with whom the Participant directly worked at the Company and
employees otherwise known by the Participant through Participant’s employment with the Company. If the Participant breaches
his or her fiduciary duty to the Company or unlawfully takes, physically or electronically, property belonging to the Company,
the duration of the post-employment restrictions in this paragraph 2(b) shall be extended to two (2) years from the date of termination
or cessation of employment.

 

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(b)               
 Notwithstanding any other provision of this Agreement, (i) the PSUs, whether or not vested in whole or in part, shall
be forfeited and (ii) the Participant shall be obligated to (a) transfer to the Company any Common Stock (or cash if
applicable) issued upon vesting of the PSUs and (b) pay to the Company all gains realized by the Participant from the disposition
of the shares of Common Stock issued upon vesting of the PSUs if: (I) the Participant’s employment with the Company
or any Affiliate is terminated for Cause or (II) following termination of Participant’s employment for any reason, either
(A) the Company determines that the Participant engaged in conduct while an employee that would have justified termination
for Cause or (B) the Participant violates any of the provisions set forth in paragraph 11(b) of this Agreement or any
confidentiality or other non-competition agreement with the Company or any Affiliate.

 

(c)             In
addition to the remedies provided herein, the Company shall be entitled to equitable relief, including specific performance and
injunctive relief, to ensure compliance by the Participant with the provisions set forth in paragraph 11 of this Agreement
or any confidentiality or other non-competition agreement with the Company or any Affiliate.

 

12.             Participant Acknowledgements and Authorizations. The Participant acknowledges the following:

 

(a)                
The Company is not by the Plan or this Award obligated to continue the Participant as an employee, director or consultant
of the Company or an Affiliate.

 

(b)               
The Plan is discretionary in nature and may be suspended or terminated by the Company at any time. Without limiting the
foregoing, the vesting schedule may be accelerated as the Committee may consider equitable to the participants in the Plan and
in the best interests of the Company provided that such acceleration shall not cause this Agreement to violate the “short
term deferral” exception of Section 409A of the Code.

 

(c)                The grant of this Award is considered a one-time benefit and does not create a contractual or other right to receive any
other award under the Plan, benefits in lieu of awards or any other benefits in the future.

 

(d)               
The Plan is a voluntary program of the Company and future awards, if any, will be at the sole discretion of the Company,
including, but not limited to, the timing of any grant, the amount of any award, vesting provisions and the purchase price, if
any.

 

(e)                
The value of this Award is an extraordinary item of compensation outside of the scope of the Participant’s employment
or consulting contract, if any.  As such the Award is not part of normal or expected compensation for purposes of calculating
any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or
similar payments.  The future value of the shares of Common Stock is unknown and cannot be predicted with certainty.

 

(f)               The Participant (i) authorizes the Company and each Affiliate and any agent of the Company or any Affiliate administering
the Plan or providing Plan recordkeeping services, to disclose to the Company or any of its Affiliates such information and data
as the Company or any such Affiliate shall request in order to facilitate the grant of the Award and the administration of the
Plan; and (ii) authorizes the Company and each Affiliate to store and transmit such information in electronic form for the
purposes set forth in this Agreement.

 

(g)              The
Participant received this Agreement at least ten (10) business days before the date the post-employment non-compete
obligation in paragraph 11 of this Agreement is to be effective. The post-employment non-compete obligation in this Agreement
is supported by fair and reasonable consideration independent from the continuation of employment. The mutually-agreed upon
consideration for the post-employment non-compete obligation includes the PSUs referred to herein.

 

(h)               The
Participant has the right to consult with counsel prior to signing this Agreement, and has had a full and adequate opportunity
to read, understand and discuss with his or her advisors, including legal counsel, the terms and conditions contained in this
Agreement prior to signing hereunder.

 

     9

     

    

 

13.             
 Notices.  Any notices required or permitted by the terms of this Agreement or the Plan shall be given
by recognized courier service, facsimile, registered or certified mail, return receipt requested, addressed as follows:

 

If to the Company:

 

ATN International, Inc.

500 Cummings Center, Suite 2450

Beverly, MA 01915

Attn: General Counsel

 

If to the Participant
at the address set forth on the Performance Stock Unit Award Grant Notice or to such other address or addresses of which notice
in the same manner has previously been given.  Any such notice shall be deemed to have been given on the earliest of
receipt, one business day following delivery by the sender to a recognized courier service, or three business days following mailing
by registered or certified mail.

 

14.             
Assignment and Successors.

 

(a)                
This Agreement is personal to the Participant and without the prior written consent of the Company shall not be assignable
by the Participant otherwise than by will or the laws of descent and distribution.  This Agreement shall inure to the
benefit of and be enforceable by the Participant’s legal representatives.

 

(b)               
This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns.

 

15.             
Governing Law.  This Agreement shall be construed and enforced in accordance with the laws of the State
of Delaware, without giving effect to the conflict of law principles thereof.

 

16.             Severability.  If any provision of this Agreement is held to be invalid or unenforceable by a court of
competent jurisdiction, then such provision or provisions shall be modified to the extent necessary to make such provision valid
and enforceable, and to the extent that this is impossible, then such provision shall be deemed to be excised from this Agreement,
and the validity, legality and enforceability of the rest of this Agreement shall not be affected thereby.

 

17.             Entire
Agreement.  This Agreement, together with the Plan, constitutes the entire agreement and understanding between the
parties hereto with respect to the subject matter hereof and supersedes all prior oral or written agreements and understandings
relating to the subject matter hereof.  No statement, representation, warranty, covenant or agreement not expressly
set forth in this Agreement shall affect or be used to interpret, change or restrict the express terms and provisions of this
Agreement provided, however, in any event, this Agreement shall be subject to and governed by the Plan.

 

18.             Modifications and Amendments; Waivers and Consents.  The terms and provisions of this Agreement may be
modified or amended as provided in the Plan.  Except as provided in the Plan, the terms and provisions of this Agreement
may be waived, or consent for the departure therefrom granted, only by written document executed by the party entitled to the benefits
of such terms or provisions.  No such waiver or consent shall be deemed to be or shall constitute a waiver or consent
with respect to any other terms or provisions of this Agreement, whether or not similar.  Each such waiver or consent
shall be effective only in the specific instance and for the purpose for which it was given, and shall not constitute a continuing
waiver or consent.

 

19.          Section
409A.  The Award of PSUs evidenced by this Agreement is intended to be exempt from the nonqualified deferred compensation
rules of Section 409A of the Code as a “short term deferral” (as that term is used in the final regulations and other
guidance issued under Section 409A of the Code, including Treasury Regulation Section 1.409A-1(b)(4)(i)), and shall be construed
accordingly. Each payment hereunder shall be treated as a separate payment for purposes of Section 409A of the Code. Notwithstanding
the foregoing, the Company makes no representations that the payments and benefits provided under this Agreement comply with Section
409A of the Code and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other
expenses that may be incurred by the Participant on account of non-compliance with Section 409A of the Code.

 

     10

     

    

 

The Company and the
Participant acknowledge the terms of this Performance Stock Unit Agreement and the terms of this Performance Stock Unit Award as
set forth above.

 

	ATN
    International, Inc.	 	 
	 	 	 
	 	 	 
	By:	 	 	 
	Name:	 	 	 
	Title:	 	 	Date
	 	 	 
	 	 	 
	Participant	 	Date

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

     11EX-10.7

 Exhibit 10.7 

OLO INC. 

2021 EQUITY INCENTIVE PLAN 

ADOPTED BY THE BOARD OF DIRECTORS:
MARCH 5, 2021 
 APPROVED BY THE STOCKHOLDERS:
MARCH 5, 2021 

 TABLE OF CONTENTS 

Page 
  

							
	 1.
	  	General.	  	 	1	 
			
	 2.
	  	Shares Subject to the Plan.	  	 	1	 
			
	 3.
	  	Eligibility and Limitations.	  	 	2	 
			
	 4.
	  	Options and Stock Appreciation Rights.	  	 	3	 
			
	 5.
	  	Awards Other Than Options and Stock Appreciation Rights.	  	 	6	 
			
	 6.
	  	Adjustments upon Changes in Common Stock; Other Corporate Events.	  	 	8	 
			
	 7.
	  	Administration.	  	 	10	 
			
	 8.
	  	Tax Withholding	  	 	12	 
			
	 9.
	  	Miscellaneous.	  	 	13	 
			
	 10.
	  	Covenants of the Company.	  	 	16	 
			
	 11.
	  	Additional Rules for Awards Subject to Section 409A.	  	 	16	 
			
	 12.
	  	Severability.	  	 	19	 
			
	 13.
	  	Termination of the Plan.	  	 	19	 
			
	 14.
	  	Definitions	  	 	20	 

  
 i. 

 1. GENERAL. 

(a) Successor to and Continuation of Prior Plans. The Plan is the successor to and continuation of the Prior Plans. As of the
Effective Date, (i) no additional awards may be granted under the Prior Plans; (ii) the Prior Plans’ Available Reserve plus any Returning Shares will become available for issuance pursuant to Awards granted under this Plan; and
(iii) all outstanding awards granted under the Prior Plans will remain subject to the terms of the applicable Prior Plan (except to the extent such outstanding awards result in Returning Shares that become available for issuance pursuant to
Awards granted under this Plan). All Awards granted under this Plan will be subject to the terms of this Plan. 
 (b) Plan
Purpose. The Company, by means of the Plan, seeks to secure and retain the services of Employees, Directors and Consultants, to provide incentives for such persons to exert maximum efforts for the success of the Company and any Affiliate and to
provide a means by which such persons may be given an opportunity to benefit from increases in value of the Common Stock through the granting of Awards. 

(c) Available Awards. The Plan provides for the grant of the following Awards: (i) Incentive Stock Options;
(ii) Nonstatutory Stock Options; (iii) SARs; (iv) Restricted Stock Awards; (v) RSU Awards; (vi) Performance Awards; and (vii) Other Awards. 

(d) Adoption Date; Effective Date. The Plan will come into existence on the Adoption Date, but no Award may be granted prior to the
Effective Date. 
 2. SHARES SUBJECT TO THE PLAN. 

(a) Share Reserve. Subject to adjustment in accordance with Section 2(c) and any adjustments as necessary to implement any
Capitalization Adjustments, the aggregate number of shares of Common Stock that may be issued pursuant to Awards will not exceed 67,502,983 shares, which number is the sum of: (i) 17,472,000 new shares, plus (ii) the Prior Plans’ Available
Reserve, and plus (iii) the number of Returning Shares, if any, as such shares become available from time to time. 
 In addition, subject to any
adjustments as necessary to implement any Capitalization Adjustments, such aggregate number of shares of Common Stock will automatically increase on January 1 of each calendar year for a period of ten years commencing on January 1, 2022
and ending on (and including) January 1, 2031, in a number of shares of Common Stock equal to 5.0% of the total number of shares of Capital Stock outstanding on December 31 of the preceding calendar year; provided, however that the Board
may act prior to January 1 of a given calendar year to provide that the increase for such year will be a lesser number of shares of Common Stock.

(b) Aggregate Incentive Stock Option Limit. Notwithstanding anything to the contrary in Section 2(a) and subject to any adjustments
as necessary to implement any Capitalization Adjustments, the aggregate maximum number of shares of Common Stock that may be issued pursuant to the exercise of Incentive Stock Options is 203,000,000 shares. 

(c) Share Reserve Operation. 

(i) Limit Applies to Common Stock Issued Pursuant to Awards. For clarity, the Share Reserve is a limit on the number of shares of Common
Stock that may be issued pursuant to Awards and does not limit the granting of Awards, except that the Company will keep available at all times the number of shares of Common Stock reasonably required to satisfy its obligations to issue shares
pursuant to such Awards. Shares may be issued in connection with a merger or acquisition as permitted by, as applicable, Nasdaq Listing Rule 5635(c), NYSE Listed Company Manual Section 303A.08, NYSE American Company Guide Section 711 or
other applicable rule, and such issuance will not reduce the number of shares available for issuance under the Plan. 

  
 1. 

 (ii) Actions that Do Not Constitute Issuance of Common Stock and Do Not Reduce Share
Reserve. The following actions do not result in an issuance of shares under the Plan and accordingly do not reduce the number of shares subject to the Share Reserve and available for issuance under the Plan: (1) the expiration or
termination of any portion of an Award without the shares covered by such portion of the Award having been issued, (2) the settlement of any portion of an Award in cash (i.e., the Participant receives cash rather than Common Stock), (3)
the withholding of shares that would otherwise be issued by the Company to satisfy the exercise, strike or purchase price of an Award; (4) the withholding of shares that would otherwise be issued by the Company to satisfy a tax withholding
obligation in connection with an Award. 
 (iii) Reversion of Previously Issued Shares of Common Stock to Share Reserve. The
following shares of Common Stock previously issued pursuant to an Award and accordingly initially deducted from the Share Reserve will be added back to the Share Reserve and again become available for issuance under the Plan: (1) any shares
that are forfeited back to or repurchased by the Company because of a failure to meet a contingency or condition required for the vesting of such shares; (2) any shares that are reacquired by the Company to satisfy the exercise, strike or
purchase price of an Award; and (3) any shares that are reacquired by the Company to satisfy a tax withholding obligation in connection with an Award. 

3. ELIGIBILITY AND LIMITATIONS. 

(a) Eligible Award Recipients. Subject to the terms of the Plan, Employees, Directors and Consultants are eligible to receive Awards.

 (b) Specific Award Limitations. 

(i) Limitations on Incentive Stock Option Recipients. Incentive Stock Options may be granted only to Employees of the Company or a
“parent corporation” or “subsidiary corporation” thereof (as such terms are defined in Sections 424(e) and (f) of the Code). 

(ii) Incentive Stock Option $100,000 Limitation. To the extent that the aggregate Fair Market Value (determined at the time of grant) of
Common Stock with respect to which Incentive Stock Options are exercisable for the first time by any Optionholder during any calendar year (under all plans of the Company and any Affiliates) exceeds $100,000 (or such other limit established in the
Code) or otherwise does not comply with the rules governing Incentive Stock Options, the Options or portions thereof that exceed such limit (according to the order in which they were granted) or otherwise do not comply with such rules will be
treated as Nonstatutory Stock Options, notwithstanding any contrary provision of the applicable Option Agreement(s). 
 (iii) Limitations
on Incentive Stock Options Granted to Ten Percent Stockholders. A Ten Percent Stockholder may not be granted an Incentive Stock Option unless (i) the exercise price of such Option is at least 110% of the Fair Market Value on the date of
grant of such Option and (ii) the Option is not exercisable after the expiration of five years from the date of grant of such Option. 

  
 2. 

 (iv) Limitations on Nonstatutory Stock Options and SARs. Nonstatutory Stock Options
and SARs may not be granted to Employees, Directors and Consultants who are providing Continuous Service only to any “parent” of the Company (as such term is defined in Rule 405) unless the stock underlying such Awards is treated as
“service recipient stock” under Section 409A because the Awards are granted pursuant to a corporate transaction (such as a spin off transaction) or unless such Awards otherwise comply with the distribution requirements of
Section 409A. 
 (c) Aggregate Incentive Stock Option Limit. The aggregate maximum number of shares of Common Stock that may be
issued pursuant to the exercise of Incentive Stock Options is the number of shares specified in Section 2(b). 
 (d) Non-Employee Director Compensation Limit. The aggregate value of all compensation granted or paid, as applicable, to any individual for service as a Non-Employee Director
with respect to any calendar year, including Awards granted and cash fees paid by the Company to such Non-Employee Director, will not exceed $750,000 in total value, and with respect to the calendar year in
which a Non-Employee Director is first appointed or elected to the Board, will not exceed $1,000,000 in total value, in each case calculating the value of any equity awards based on the grant date fair value
of such equity awards for financial reporting purposes. The limitations in this Section 3(d) shall apply commencing with the first calendar year that begins following the Effective Date. 

4. OPTIONS AND STOCK APPRECIATION RIGHTS. 

Each Option and SAR will have such terms and conditions as determined by the Board. Each Option will be designated in writing as an Incentive
Stock Option or Nonstatutory Stock Option at the time of grant; provided, however, that if an Option is not so designated, then such Option will be a Nonstatutory Stock Option, and the shares purchased upon exercise of each type of Option
will be separately accounted for. Each SAR will be denominated in shares of Common Stock equivalents. The terms and conditions of separate Options and SARs need not be identical; provided, however, that each Option Agreement and SAR Agreement
will conform (through incorporation of provisions hereof by reference in the Award Agreement or otherwise) to the substance of each of the following provisions: 

(a) Term. Subject to Section 3(b) regarding Ten Percent Stockholders, no Option or SAR will be exercisable after the expiration of
ten years from the date of grant of such Award or such shorter period specified in the Award Agreement. 
 (b) Exercise or Strike
Price. Subject to Section 3(b) regarding Ten Percent Stockholders, the exercise or strike price of each Option or SAR will not be less than 100% of the Fair Market Value on the date of grant of such Award. Notwithstanding the foregoing, an
Option or SAR may be granted with an exercise or strike price lower than 100% of the Fair Market Value on the date of grant of such Award if such Award is granted pursuant to an assumption of or substitution for another option or stock appreciation
right pursuant to a Corporate Transaction and in a manner consistent with the provisions of Sections 409A and, if applicable, 424(a) of the Code. 

(c) Exercise Procedure and Payment of Exercise Price for Options. In order to exercise an Option, the Participant must provide
notice of exercise to the Plan Administrator in accordance with the procedures specified in the Option Agreement or otherwise provided by the Company. The Board has the authority to grant Options that do not permit all of the following methods of
payment (or otherwise restrict the ability to use certain methods) and to grant Options that require the consent of the Company to utilize a particular method of payment. The exercise price of an Option may be paid, to the extent permitted by
Applicable Law and as determined by the Board, by one or more of the following methods of payment to the extent set forth in the Option Agreement: 

(i) by cash or check, bank draft or money order payable to the Company; 

  
 3. 

 (ii) pursuant to a “cashless exercise” program developed under Regulation T
as promulgated by the Federal Reserve Board that, prior to the issuance of the Common Stock subject to the Option, results in either the receipt of cash (or check) by the Company or the receipt of irrevocable instructions to pay the exercise price
to the Company from the sales proceeds; 
 (iii) by delivery to the Company (either by actual delivery or attestation) of shares of
Common Stock that are already owned by the Participant free and clear of any liens, claims, encumbrances or security interests, with a Fair Market Value on the date of exercise that does not exceed the exercise price, provided that (1) at the
time of exercise the Common Stock is publicly traded, (2) any remaining balance of the exercise price not satisfied by such delivery is paid by the Participant in cash or other permitted form of payment, (3) such delivery would not violate
any Applicable Law or agreement restricting the redemption of the Common Stock, (4) any certificated shares are endorsed or accompanied by an executed assignment separate from certificate, and (5) such shares have been held by the
Participant for any minimum period necessary to avoid adverse accounting treatment as a result of such delivery; 
 (iv) if the Option
is a Nonstatutory Stock Option, by a “net exercise” arrangement pursuant to which the Company will reduce the number of shares of Common Stock issuable upon exercise by the largest whole number of shares with a Fair Market Value on the
date of exercise that does not exceed the exercise price, provided that (1) such shares used to pay the exercise price will not be exercisable thereafter and (2) any remaining balance of the exercise price not satisfied by such net
exercise is paid by the Participant in cash or other permitted form of payment; or 
 (v) in any other form of consideration that may
be acceptable to the Board and permissible under Applicable Law. 
 (d) Exercise Procedure and Payment of Appreciation Distribution
for SARs. In order to exercise any SAR, the Participant must provide notice of exercise to the Plan Administrator in accordance with the SAR Agreement. The appreciation distribution payable to a Participant upon the exercise of a SAR will
not be greater than an amount equal to the excess of (i) the aggregate Fair Market Value on the date of exercise of a number of shares of Common Stock equal to the number of Common Stock equivalents that are vested and being exercised under
such SAR, over (ii) the strike price of such SAR. Such appreciation distribution may be paid to the Participant in the form of Common Stock or cash (or any combination of Common Stock and cash) or in any other form of payment, as determined by
the Board and specified in the SAR Agreement. 
 (e) Transferability. Options and SARs may not be transferred to third party financial
institutions for value. The Board may impose such additional limitations on the transferability of an Option or SAR as it determines. In the absence of any such determination by the Board, the following restrictions on the transferability of Options
and SARs will apply, provided that except as explicitly provided herein, neither an Option nor a SAR may be transferred for consideration and provided, further, that if an Option is an Incentive Stock Option, such Option may be deemed to be a
Nonstatutory Stock Option as a result of such transfer: 
 (i) Restrictions on Transfer. An Option or SAR will not be transferable,
except by will or by the laws of descent and distribution, and will be exercisable during the lifetime of the Participant only by the Participant; provided, however, that the Board may permit transfer of an Option or SAR in a manner that is
not prohibited by applicable tax and securities laws upon the Participant’s request, including to a trust if the Participant is considered to be the sole beneficial owner of such trust (as determined under Section 671 of the Code and
applicable state law) while such Option or SAR is held in such trust, provided that the Participant and the trustee enter into a transfer and other agreements required by the Company. 

  
 4. 

 (ii) Domestic Relations Orders. Notwithstanding the foregoing, subject to the
execution of transfer documentation in a format acceptable to the Company and subject to the approval of the Board or a duly authorized Officer, an Option or SAR may be transferred pursuant to a domestic relations order. 

(f) Vesting. The Board may impose such restrictions on or conditions to the vesting and/or exercisability of an Option or SAR as
determined by the Board. Except as otherwise provided in the Award Agreement or other written agreement between a Participant and the Company or an Affiliate, vesting of Options and SARs will cease upon termination of the Participant’s
Continuous Service. 
 (g) Termination of Continuous Service for Cause. Except as explicitly otherwise provided in the Award Agreement
or other written agreement between a Participant and the Company or an Affiliate, if a Participant’s Continuous Service is terminated for Cause, the Participant’s Options and SARs will terminate and be forfeited immediately upon such
termination of Continuous Service, and the Participant will be prohibited from exercising any portion (including any vested portion) of such Awards on and after the date of such termination of Continuous Service and the Participant will have no
further right, title or interest in such forfeited Award, the shares of Common Stock subject to the forfeited Award, or any consideration in respect of the forfeited Award. 

(h) Post-Termination Exercise Period Following Termination of Continuous Service for Reasons Other than Cause. Subject to
Section 4(i), if a Participant’s Continuous Service terminates for any reason other than for Cause, the Participant may exercise his or her Option or SAR to the extent vested, but only within the following period of time or, if applicable,
such other period of time provided in the Award Agreement or other written agreement between a Participant and the Company or an Affiliate; provided, however, that in no event may such Award be exercised after the expiration of its maximum
term (as set forth in Section 4(a)): 
 (i) three months following the date of such termination if such termination is a
termination without Cause (other than any termination due to the Participant’s Disability or death); 
 (ii) 12 months following
the date of such termination if such termination is due to the Participant’s Disability; 
 (iii) 18 months following the date of
such termination if such termination is due to the Participant’s death; or 
 (iv) 18 months following the date of the
Participant’s death if such death occurs following the date of such termination but during the period such Award is otherwise exercisable (as provided in (i) or (ii) above). 

Following the date of such termination, to the extent the Participant does not exercise such Award within the applicable Post-Termination Exercise Period (or,
if earlier, prior to the expiration of the maximum term of such Award), such unexercised portion of the Award will terminate, and the Participant will have no further right, title or interest in terminated Award, the shares of Common Stock subject
to the terminated Award, or any consideration in respect of the terminated Award. 

  
 5. 

 (i) Restrictions on Exercise; Extension of Exercisability. A Participant may
not exercise an Option or SAR at any time that the issuance of shares of Common Stock upon such exercise would violate Applicable Law. Except as otherwise provided in the Award Agreement or other written agreement between a Participant and the
Company or an Affiliate, if a Participant’s Continuous Service terminates for any reason other than for Cause and, at any time during the last thirty days of the applicable Post-Termination Exercise Period: (i) the exercise of the
Participant’s Option or SAR would be prohibited solely because the issuance of shares of Common Stock upon such exercise would violate Applicable Law, or (ii) the immediate sale of any shares of Common Stock issued upon such exercise would
violate the Company’s Trading Policy, then the applicable Post-Termination Exercise Period will be extended to the last day of the calendar month that commences following the date the Award would otherwise expire, with an additional extension
of the exercise period to the last day of the next calendar month to apply if any of the foregoing restrictions apply at any time during such extended exercise period, generally without limitation as to the maximum permitted number of extensions;
provided, however, that in no event may such Award be exercised after the expiration of its maximum term (as set forth in Section 4(a)). 

(j) Non-Exempt Employees. No Option or SAR, whether or not vested, granted to an Employee
who is a non-exempt employee for purposes of the Fair Labor Standards Act of 1938, as amended, will be first exercisable for any shares of Common Stock until at least six months following the date of grant of
such Award. Notwithstanding the foregoing, in accordance with the provisions of the Worker Economic Opportunity Act, any vested portion of such Award may be exercised earlier than six months following the date of grant of such Award in the event of
(i) such Participant’s death or Disability, (ii) a Corporate Transaction in which such Award is not assumed, continued or substituted, (iii) a Change in Control, or (iv) such Participant’s retirement (as such term may
be defined in the Award Agreement or another applicable agreement or, in the absence of any such definition, in accordance with the Company’s then current employment policies and guidelines). This Section 4(j) is intended to operate so
that any income derived by a non-exempt employee in connection with the exercise or vesting of an Option or SAR will be exempt from his or her regular rate of pay. 

(k) Whole Shares. Options and SARs may be exercised only with respect to whole shares of Common Stock or their equivalents. 

5. AWARDS OTHER THAN OPTIONS AND STOCK
APPRECIATION RIGHTS. 
 (a) Restricted Stock Awards and RSU Awards. Each Restricted Stock
Award and RSU Award will have such terms and conditions as determined by the Board; provided, however, that each Restricted Stock Award Agreement and RSU Award Agreement will conform (through incorporation of the provisions hereof by
reference in the Award Agreement or otherwise) to the substance of each of the following provisions: 
 (i) Form of Award. 

(1) RSAs: To the extent consistent with the Company’s Bylaws, at the Board’s election, shares of Common Stock subject to a
Restricted Stock Award may be (i) held in book entry form subject to the Company’s instructions until such shares become vested or any other restrictions lapse, or (ii) evidenced by a certificate, which certificate will be held in
such form and manner as determined by the Board. Unless otherwise determined by the Board, a Participant will have voting and other rights as a stockholder of the Company with respect to any shares subject to a Restricted Stock Award. 

(2) RSUs: A RSU Award represents a Participant’s right to be issued on a future date the number of shares of Common Stock that is
equal to the number of restricted stock units subject to the RSU Award. As a holder of a RSU Award, a Participant is an unsecured creditor of the 

  
 6. 

 
Company with respect to the Company’s unfunded obligation, if any, to issue shares of Common Stock in settlement of such Award and nothing contained in the Plan or any RSU Agreement, and no
action taken pursuant to its provisions, will create or be construed to create a trust of any kind or a fiduciary relationship between a Participant and the Company or an Affiliate or any other person. A Participant will not have voting or any other
rights as a stockholder of the Company with respect to any RSU Award (unless and until shares are actually issued in settlement of a vested RSU Award). 

(ii) Consideration. 

(1) RSA: A Restricted Stock Award may be granted in consideration for (A) cash or check, bank draft or money order payable to the
Company, (B) past services to the Company or an Affiliate, or (C) any other form of consideration (including future services) as the Board may determine and permissible under Applicable Law. 

(2) RSU: Unless otherwise determined by the Board at the time of grant, a RSU Award will be granted in consideration for the
Participant’s services to the Company or an Affiliate, such that the Participant will not be required to make any payment to the Company (other than such services) with respect to the grant or vesting of the RSU Award, or the issuance of any
shares of Common Stock pursuant to the RSU Award. If, at the time of grant, the Board determines that any consideration must be paid by the Participant (in a form other than the Participant’s services to the Company or an Affiliate) upon the
issuance of any shares of Common Stock in settlement of the RSU Award, such consideration may be paid in any form of consideration as the Board may determine and permissible under Applicable Law. 

(iii) Vesting. The Board may impose such restrictions on or conditions to the vesting of a Restricted Stock Award or RSU Award as
determined by the Board and which may vary. Except as otherwise provided in the Award Agreement or other written agreement between a Participant and the Company or an Affiliate, vesting of Restricted Stock Awards and RSU Awards will cease upon
termination of the Participant’s Continuous Service. 
 (iv) Termination of Continuous Service. Except as otherwise provided in
the Award Agreement or other written agreement between a Participant and the Company or an Affiliate, if a Participant’s Continuous Service terminates for any reason, (i) the Company may receive through a forfeiture condition or a
repurchase right any or all of the shares of Common Stock held by the Participant under his or her Restricted Stock Award that have not vested as of the date of such termination as set forth in the Restricted Stock Award Agreement and (ii) any
portion of his or her RSU Award that has not vested will be forfeited upon such termination and the Participant will have no further right, title or interest in the RSU Award, the shares of Common Stock issuable pursuant to the RSU Award, or any
consideration in respect of the RSU Award. 
 (v) Dividends and Dividend Equivalents. Dividends or dividend equivalents may be paid or
credited, as applicable, with respect to any shares of Common Stock subject to a Restricted Stock Award or RSU Award, as determined by the Board and specified in the Award Agreement). 

(vi) Settlement of RSU Awards. A RSU Award may be settled by the issuance of shares of Common Stock or cash (or any combination
thereof) or in any other form of payment, as determined by the Board and specified in the RSU Award Agreement. At the time of grant, the Board may determine to impose such restrictions or conditions that delay such delivery to a date following the
vesting of the RSU Award. 

  
 7. 

 (b) Performance Awards. With respect to any Performance Award, the length of
any Performance Period, the Performance Goals to be achieved during the Performance Period, the other terms and conditions of such Award, and the measure of whether and to what degree such Performance Goals have been attained will be determined by
the Board. 
 (c) Other Awards. Other forms of Awards valued in whole or in part by reference to, or otherwise based on, Common
Stock, including the appreciation in value thereof (e.g., options or stock rights with an exercise price or strike price less than 100% of the Fair Market Value at the time of grant) may be granted either alone or in addition to Awards provided for
under Section 4 and the preceding provisions of this Section 5. Subject to the provisions of the Plan, the Board will have sole and complete discretion to determine the persons to whom and the time or times at which such Other Awards will
be granted, the number of shares of Common Stock (or the cash equivalent thereof) to be granted pursuant to such Other Awards and all other terms and conditions of such Other Awards. 

6. ADJUSTMENTS UPON CHANGES IN COMMON STOCK; OTHER
CORPORATE EVENTS. 
 (a) Capitalization Adjustments. In the event of a Capitalization
Adjustment, the Board shall appropriately and proportionately adjust: (i) the class(es) and maximum number of shares of Common Stock subject to the Plan and the maximum number of shares by which the Share Reserve may annually increase pursuant
to Section 2(a), (ii) the class(es) and maximum number of shares that may be issued pursuant to the exercise of Incentive Stock Options pursuant to Section 2(a), and (iii) the class(es) and number of securities and exercise price,
strike price or purchase price of Common Stock subject to outstanding Awards. The Board shall make such adjustments, and its determination shall be final, binding and conclusive. Notwithstanding the foregoing, no fractional shares or rights for
fractional shares of Common Stock shall be created in order to implement any Capitalization Adjustment. The Board shall determine an equivalent benefit for any fractional shares or fractional shares that might be created by the adjustments referred
to in the preceding provisions of this Section. 
 (b) Dissolution or Liquidation. Except as otherwise provided in the Award
Agreement, in the event of a dissolution or liquidation of the Company, all outstanding Awards (other than Awards consisting of vested and outstanding shares of Common Stock not subject to a forfeiture condition or the Company’s right of
repurchase) will terminate immediately prior to the completion of such dissolution or liquidation, and the shares of Common Stock subject to the Company’s repurchase rights or subject to a forfeiture condition may be repurchased or reacquired
by the Company notwithstanding the fact that the holder of such Award is providing Continuous Service, provided, however, that the Board may determine to cause some or all Awards to become fully vested, exercisable and/or no longer subject to
repurchase or forfeiture (to the extent such Awards have not previously expired or terminated) before the dissolution or liquidation is completed but contingent on its completion. 

(c) Corporate Transaction. The following provisions will apply to Awards in the event of a Corporate Transaction unless otherwise
provided in the instrument evidencing the Award or any other written agreement between the Company or any Affiliate and the Participant or unless otherwise expressly provided by the Board. The Board has sole and complete discretion to determine to
accelerate the vesting and exercisability of all or any Awards in the event of a Corporate Transaction. 
 (i) Awards May Be Assumed.
In the event of a Corporate Transaction, any surviving corporation or acquiring corporation (or the surviving or acquiring corporation’s parent company) may assume or continue any or all Awards outstanding under the Plan or may substitute
similar awards for Awards outstanding under the Plan (including but not limited to, awards to acquire the same consideration paid to the stockholders of the Company pursuant to the Corporate Transaction), and any reacquisition or repurchase rights
held by the Company in respect of Common Stock issued pursuant 

  
 8. 

 
to Awards may be assigned by the Company to the successor of the Company (or the successor’s parent company, if any), in connection with such Corporate Transaction. A surviving corporation
or acquiring corporation (or its parent) may choose to assume or continue only a portion of an Award or substitute a similar award for only a portion of an Award, or may choose to assume or continue the Awards held by some, but not all Participants.
The terms of any assumption, continuation or substitution will be set by the Board. 
 (ii) Awards Held by Current Participants. In
the event of a Corporate Transaction in which the surviving corporation or acquiring corporation (or its parent company) does not assume or continue such outstanding Awards or substitute similar awards for such outstanding Awards, then with respect
to Awards that have not been assumed, continued or substituted and that are held by Participants whose Continuous Service has not terminated prior to the effective time of the Corporate Transaction (referred to as the “Current
Participants”), the vesting of such Awards (and, with respect to Options and Stock Appreciation Rights, the time when such Awards may be exercised) will be accelerated in full to a date prior to the effective time of such Corporate
Transaction (contingent upon the effectiveness of the Corporate Transaction) as the Board determines (or, if the Board does not determine such a date, to the date that is five (5) days prior to the effective time of the Corporate Transaction),
and such Awards will terminate if not exercised (if applicable) at or prior to the effective time of the Corporate Transaction, and any reacquisition or repurchase rights held by the Company with respect to such Awards will lapse (contingent upon
the effectiveness of the Corporate Transaction). With respect to the vesting of Performance Awards that will accelerate upon the occurrence of a Corporate Transaction pursuant to this subsection (ii) and that have multiple vesting levels
depending on the level of performance, unless otherwise provided in the Award Agreement, the vesting of such Performance Awards will accelerate at 100% of the target level upon the occurrence of the Corporate Transaction. With respect to the vesting
of Awards that will accelerate upon the occurrence of a Corporate Transaction pursuant to this subsection (ii) and are settled in the form of a cash payment, such cash payment will be made no later than 30 days following the occurrence of the
Corporate Transaction.. 
 (iii) Awards Held by Persons other than Current Participants. In the event of a Corporate Transaction in
which the surviving corporation or acquiring corporation (or its parent company) does not assume or continue such outstanding Awards or substitute similar awards for such outstanding Awards, then with respect to Awards that have not been assumed,
continued or substituted and that are held by persons other than Current Participants, such Awards will terminate if not exercised (if applicable) prior to the occurrence of the Corporate Transaction; provided, however, that any reacquisition
or repurchase rights held by the Company with respect to such Awards will not terminate and may continue to be exercised notwithstanding the Corporate Transaction. 

(iv) Payment for Awards in Lieu of Exercise. Notwithstanding the foregoing, in the event an Award will terminate if not exercised prior
to the effective time of a Corporate Transaction, the Board may provide, in its sole discretion, that the holder of such Award may not exercise such Award but will receive a payment, in such form as may be determined by the Board, equal in value, at
the effective time, to the excess, if any, of (1) the value of the property the Participant would have received upon the exercise of the Award (including, at the discretion of the Board, any unvested portion of such Award), over (2) any
exercise price payable by such holder in connection with such exercise. 
 (d) Appointment of Stockholder Representative. As a
condition to the receipt of an Award under this Plan, a Participant will be deemed to have agreed that the Award will be subject to the terms of any agreement governing a Corporate Transaction involving the Company, including, without limitation, a
provision for the appointment of a stockholder representative that is authorized to act on the Participant’s behalf with respect to any escrow, indemnities and any contingent consideration. 

  
 9. 

 (e) No Restriction on Right to Undertake Transactions. The grant of any Award under
the Plan and the issuance of shares pursuant to any Award does not affect or restrict in any way the right or power of the Company or the stockholders of the Company to make or authorize any adjustment, recapitalization, reorganization or other
change in the Company’s capital structure or its business, any merger or consolidation of the Company, any issue of stock or of options, rights or options to purchase stock or of bonds, debentures, preferred or prior preference stocks whose
rights are superior to or affect the Common Stock or the rights thereof or which are convertible into or exchangeable for Common Stock, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or
business, or any other corporate act or proceeding, whether of a similar character or otherwise. 
 7. ADMINISTRATION. 

(a) Administration by Board. The Board will administer the Plan unless and until the Board delegates administration of the Plan to a
Committee or Committees, as provided in subsection (c) below. 
 (b) Powers of Board. The Board will have the power, subject to,
and within the limitations of, the express provisions of the Plan: 
 (i) To determine from time to time (1) which of the persons
eligible under the Plan will be granted Awards; (2) when and how each Award will be granted; (3) what type or combination of types of Award will be granted; (4) the provisions of each Award granted (which need not be identical),
including the time or times when a person will be permitted to receive an issuance of Common Stock or other payment pursuant to an Award; (5) the number of shares of Common Stock or cash equivalent with respect to which an Award will be granted
to each such person; (6) the Fair Market Value applicable to an Award; and (7) the terms of any Performance Award that is not valued in whole or in part by reference to, or otherwise based on, the Class A Common Stock, including the
amount of cash payment or other property that may be earned and the timing of payment. 
 (ii) To construe and interpret the Plan and
Awards granted under it, and to establish, amend and revoke rules and regulations for its administration. The Board, in the exercise of this power, may correct any defect, omission or inconsistency in the Plan or in any Award Agreement, in a manner
and to the extent it deems necessary or expedient to make the Plan or Award fully effective. 
 (iii) To settle all controversies
regarding the Plan and Awards granted under it. 
 (iv) To accelerate the time at which an Award may first be exercised or the time
during which an Award or any part thereof will vest, notwithstanding the provisions in the Award Agreement stating the time at which it may first be exercised or the time during which it will vest. 

(v) To prohibit the exercise of any Option, SAR or other exercisable Award during a period of up to 30 days prior to the consummation of
any pending stock dividend, stock split, combination or exchange of shares, merger, consolidation or other distribution (other than normal cash dividends) of Company assets to stockholders, or any other change affecting the shares of Common Stock or
the share price of the Common Stock including any Corporate Transaction, for reasons of administrative convenience. 
 (vi) To suspend
or terminate the Plan at any time. Suspension or termination of the Plan will not Materially Impair rights and obligations under any Award granted while the Plan is in effect except with the written consent of the affected Participant. 

  
 10. 

 (vii) To amend the Plan in any respect the Board deems necessary or advisable;
provided, however, that stockholder approval will be required for any amendment to the extent required by Applicable Law. Except as provided above, rights under any Award granted before amendment of the Plan will not be Materially Impaired by
any amendment of the Plan unless (1) the Company requests the consent of the affected Participant, and (2) such Participant consents in writing. 

(viii) To submit any amendment to the Plan for stockholder approval. 

(ix) To approve forms of Award Agreements for use under the Plan and to amend the terms of any one or more Awards, including, but not
limited to, amendments to provide terms more favorable to the Participant than previously provided in the Award Agreement, subject to any specified limits in the Plan that are not subject to Board discretion; provided however, that, a
Participant’s rights under any Award will not be Materially Impaired by any such amendment unless (1) the Company requests the consent of the affected Participant, and (2) such Participant consents in writing. 

(x) Generally, to exercise such powers and to perform such acts as the Board deems necessary or expedient to promote the best interests
of the Company and that are not in conflict with the provisions of the Plan or Awards. 
 (xi) To adopt such procedures and sub-plans as are necessary or appropriate to permit and facilitate participation in the Plan by, or take advantage of specific tax treatment for Awards granted to, Employees, Directors or Consultants who are foreign
nationals or employed outside the United States (provided that Board approval will not be necessary for immaterial modifications to the Plan or any Award Agreement to ensure or facilitate compliance with the laws of the relevant foreign
jurisdiction). 
 (xii) To effect, at any time and from time to time, subject to the consent of any Participant whose Award is
Materially Impaired by such action, (1) the reduction of the exercise price (or strike price) of any outstanding Option or SAR; (2) the cancellation of any outstanding Option or SAR and the grant in substitution therefor of (A) a new
Option, SAR, Restricted Stock Award, RSU Award or Other Award, under the Plan or another equity plan of the Company, covering the same or a different number of shares of Common Stock, (B) cash and/or (C) other valuable consideration (as
determined by the Board); or (3) any other action that is treated as a repricing under generally accepted accounting principles. 

(c) Delegation to Committee. 

(i) General. The Board may delegate some or all of the administration of the Plan to a Committee or Committees. If administration
of the Plan is delegated to a Committee, the Committee will have, in connection with the administration of the Plan, the powers theretofore possessed by the Board that have been delegated to the Committee, including the power to delegate to another
Committee or a subcommittee of the Committee any of the administrative powers the Committee is authorized to exercise (and references in this Plan to the Board will thereafter be to the Committee or subcommittee), subject, however, to such
resolutions, not inconsistent with the provisions of the Plan, as may be adopted from time to time by the Board. Each Committee may retain the authority to concurrently administer the Plan with Committee or subcommittee to which it has delegated its
authority hereunder and may, at any time, revest in such Committee some or all of the powers previously delegated. The Board may retain the authority to concurrently administer the Plan with any Committee and may, at any time, revest in the Board
some or all of the powers previously delegated. 

  
 11. 

 (ii) Rule 16b-3 Compliance. To the
extent an Award is intended to qualify for the exemption from Section 16(b) of the Exchange Act that is available under Rule 16b-3 of the Exchange Act, the Award will be granted by the Board or a
Committee that consists solely of two or more Non-Employee Directors, as determined under Rule 16b-3(b)(3) of the Exchange Act and thereafter any action establishing or
modifying the terms of the Award will be approved by the Board or a Committee meeting such requirements to the extent necessary for such exemption to remain available. 

(d) Effect of Board’s Decision. All determinations, interpretations and constructions made by the Board or any Committee in good
faith will not be subject to review by any person and will be final, binding and conclusive on all persons. 
 (e) Delegation to an
Officer. The Board or any Committee may delegate to one or more Officers the authority to do one or both of the following (i) designate Employees who are not Officers to be recipients of Options and SARs (and, to the extent permitted by
Applicable Law, other types of Awards) and, to the extent permitted by Applicable Law, the terms thereof, and (ii) determine the number of shares of Common Stock to be subject to such Awards granted to such Employees; provided, however, that
the resolutions or charter adopted by the Board or any Committee evidencing such delegation will specify the total number of shares of Common Stock that may be subject to the Awards granted by such Officer and that such Officer may not grant an
Award to himself or herself. Any such Awards will be granted on the applicable form of Award Agreement most recently approved for use by the Board or the Committee, unless otherwise provided in the resolutions approving the delegation authority.
Notwithstanding anything to the contrary herein, neither the Board nor any Committee may delegate to an Officer who is acting solely in the capacity of an Officer (and not also as a Director) the authority to determine the Fair Market Value. 

8. TAX WITHHOLDING 

(a) Withholding Authorization. As a condition to acceptance of any Award under the Plan, a Participant authorizes withholding from
payroll and any other amounts payable to such Participant, and otherwise agrees to make adequate provision for (including), any sums required to satisfy any U.S. federal, state, local and/or foreign tax or social insurance contribution withholding
obligations of the Company or an Affiliate, if any, which arise in connection with the exercise, vesting or settlement of such Award, as applicable. Accordingly, a Participant may not be able to exercise an Award even though the Award is vested, and
the Company shall have no obligation to issue shares of Common Stock subject to an Award, unless and until such obligations are satisfied. 

(b) Satisfaction of Withholding Obligation. To the extent permitted by the terms of an Award Agreement, the Company may, in its sole
discretion, satisfy any U.S. federal, state, local and/or foreign tax or social insurance withholding obligation relating to an Award by any of the following means or by a combination of such means: (i) causing the Participant to tender a cash
payment; (ii) withholding shares of Common Stock from the shares of Common Stock issued or otherwise issuable to the Participant in connection with the Award; (iii) withholding cash from an Award settled in cash; (iv) withholding
payment from any amounts otherwise payable to the Participant; (v) by allowing a Participant to effectuate a “cashless exercise” pursuant to a program developed under Regulation T as promulgated by the Federal Reserve Board, or
(vi) by such other method as may be set forth in the Award Agreement. 

  
 12. 

 (c) No Obligation to Notify or Minimize Taxes; No Liability to Claims. Except as
required by Applicable Law the Company has no duty or obligation to any Participant to advise such holder as to the time or manner of exercising such Award. Furthermore, the Company has no duty or obligation to warn or otherwise advise such holder
of a pending termination or expiration of an Award or a possible period in which the Award may not be exercised. The Company has no duty or obligation to minimize the tax consequences of an Award to the holder of such Award and will not be liable to
any holder of an Award for any adverse tax consequences to such holder in connection with an Award. As a condition to accepting an Award under the Plan, each Participant (i) agrees to not make any claim against the Company, or any of its
Officers, Directors, Employees or Affiliates related to tax liabilities arising from such Award or other Company compensation and (ii) acknowledges that such Participant was advised to consult with his or her own personal tax, financial and
other legal advisors regarding the tax consequences of the Award and has either done so or knowingly and voluntarily declined to do so. Additionally, each Participant acknowledges any Option or SAR granted under the Plan is exempt from
Section 409A only if the exercise or strike price is at least equal to the “fair market value” of the Common Stock on the date of grant as determined by the Internal Revenue Service and there is no other impermissible deferral of
compensation associated with the Award. Additionally, as a condition to accepting an Option or SAR granted under the Plan, each Participant agrees not make any claim against the Company, or any of its Officers, Directors, Employees or Affiliates in
the event that the Internal Revenue Service asserts that such exercise price or strike price is less than the “fair market value” of the Common Stock on the date of grant as subsequently determined by the Internal Revenue Service. 

(d) Withholding Indemnification. As a condition to accepting an Award under the Plan, in the event that the amount of the Company’s
and/or its Affiliate’s withholding obligation in connection with such Award was greater than the amount actually withheld by the Company and/or its Affiliates, each Participant agrees to indemnify and hold the Company and/or its Affiliates
harmless from any failure by the Company and/or its Affiliates to withhold the proper amount. 
 9. MISCELLANEOUS. 

(a) Source of Shares. The stock issuable under the Plan will be shares of authorized but unissued or reacquired Common Stock, including
shares repurchased by the Company on the open market or otherwise. 
 (b) Use of Proceeds from Sales of Common Stock. Proceeds from
the sale of shares of Common Stock pursuant to Awards will constitute general funds of the Company. 
 (c) Corporate Action Constituting
Grant of Awards. Corporate action constituting a grant by the Company of an Award to any Participant will be deemed completed as of the date of such corporate action, unless otherwise determined by the Board, regardless of when the instrument,
certificate, or letter evidencing the Award is communicated to, or actually received or accepted by, the Participant. In the event that the corporate records (e.g., Board consents, resolutions or minutes) documenting the corporate action approving
the grant contain terms (e.g., exercise price, vesting schedule or number of shares) that are inconsistent with those in the Award Agreement or related grant documents as a result of a clerical error in the Award Agreement or related grant
documents, the corporate records will control and the Participant will have no legally binding right to the incorrect term in the Award Agreement or related grant documents. 

(d) Stockholder Rights. No Participant will be deemed to be the holder of, or to have any of the rights of a holder with respect to, any
shares of Common Stock subject to such Award unless and until (i) such Participant has satisfied all requirements for exercise of the Award pursuant to its terms, if applicable, and (ii) the issuance of the Common Stock subject to such
Award is reflected in the records of the Company. 

  
 13. 

 (e) No Employment or Other Service Rights. Nothing in the Plan, any Award Agreement
or any other instrument executed thereunder or in connection with any Award granted pursuant thereto will confer upon any Participant any right to continue to serve the Company or an Affiliate in the capacity in effect at the time the Award was
granted or affect the right of the Company or an Affiliate to terminate at will and without regard to any future vesting opportunity that a Participant may have with respect to any Award (i) the employment of an Employee with or without notice
and with or without cause, (ii) the service of a Consultant pursuant to the terms of such Consultant’s agreement with the Company or an Affiliate, or (iii) the service of a Director pursuant to the Bylaws of the Company or an
Affiliate, and any applicable provisions of the corporate law of the state or foreign jurisdiction in which the Company or the Affiliate is incorporated, as the case may be. Further, nothing in the Plan, any Award Agreement or any other instrument
executed thereunder or in connection with any Award will constitute any promise or commitment by the Company or an Affiliate regarding the fact or nature of future positions, future work assignments, future compensation or any other term or
condition of employment or service or confer any right or benefit under the Award or the Plan unless such right or benefit has specifically accrued under the terms of the Award Agreement and/or Plan. 

(f) Change in Time Commitment. In the event a Participant’s regular level of time commitment in the performance of his or her
services for the Company and any Affiliates is reduced (for example, and without limitation, if the Participant is an Employee of the Company and the Employee has a change in status from a full-time Employee to a part-time Employee or takes an
extended leave of absence) after the date of grant of any Award to the Participant, the Board may determine, to the extent permitted by Applicable Law, to (i) make a corresponding reduction in the number of shares or cash amount subject to any
portion of such Award that is scheduled to vest or become payable after the date of such change in time commitment, and (ii) in lieu of or in combination with such a reduction, extend the vesting or payment schedule applicable to such Award. In
the event of any such reduction, the Participant will have no right with respect to any portion of the Award that is so reduced or extended. 

(g) Execution of Additional Documents. As a condition to accepting an Award under the Plan, the Participant agrees to execute any
additional documents or instruments necessary or desirable, as determined in the Plan Administrator’s sole discretion, to carry out the purposes or intent of the Award, or facilitate compliance with securities and/or other regulatory
requirements, in each case at the Plan Administrator’s request. 
 (h) Electronic Delivery and Participation. Any reference
herein or in an Award Agreement to a “written” agreement or document will include any agreement or document delivered electronically, filed publicly at www.sec.gov (or any successor website thereto) or posted on the Company’s intranet
(or other shared electronic medium controlled by the Company to which the Participant has access). By accepting any Award the Participant consents to receive documents by electronic delivery and to participate in the Plan through any on-line electronic system established and maintained by the Plan Administrator or another third party selected by the Plan Administrator. The form of delivery of any Common Stock (e.g., a stock certificate or
electronic entry evidencing such shares) shall be determined by the Company. 
 (i) Clawback/Recovery. All Awards granted under the
Plan will be subject to recoupment in accordance with any clawback policy that the Company is required to adopt pursuant to the listing standards of any national securities exchange or association on which the Company’s securities are listed or
as is otherwise required by the Dodd-Frank Wall Street Reform and Consumer Protection Act or other Applicable Law and any clawback policy that the Company otherwise adopts, to the extent applicable and permissible under Applicable Law. In addition,
the Board may impose such other clawback, recovery or recoupment provisions in an Award Agreement as the Board determines necessary or appropriate, including but not limited to a reacquisition right in respect of previously acquired shares of Common
Stock or other cash or property upon the occurrence of Cause. No recovery of compensation under such a clawback policy will be an event giving rise to a Participant’s right to voluntary terminate employment upon a “resignation for good
reason,” or for a “constructive termination” or any similar term under any plan of or agreement with the Company. 

  
 14. 

 (j) Securities Law Compliance. A Participant will not be issued any shares in respect
of an Award unless either (i) the shares are registered under the Securities Act; or (ii) the Company has determined that such issuance would be exempt from the registration requirements of the Securities Act. Each Award also must comply
with other Applicable Law governing the Award, and a Participant will not receive such shares if the Company determines that such receipt would not be in material compliance with Applicable Law. 

(k) Transfer or Assignment of Awards; Issued Shares. Except as expressly provided in the Plan or the form of Award Agreement, Awards
granted under the Plan may not be transferred or assigned by the Participant. After the vested shares subject to an Award have been issued, or in the case of Restricted Stock and similar awards, after the issued shares have vested, the holder of
such shares is free to assign, hypothecate, donate, encumber or otherwise dispose of any interest in such shares provided that any such actions are in compliance with the provisions herein, the terms of the Trading Policy and Applicable Law. 

(l) Effect on Other Employee Benefit Plans. The value of any Award granted under the Plan, as determined upon grant, vesting or
settlement, shall not be included as compensation, earnings, salaries, or other similar terms used when calculating any Participant’s benefits under any employee benefit plan sponsored by the Company or any Affiliate, except as such plan
otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any Affiliate’s employee benefit plans. 

(m) Deferrals. To the extent permitted by Applicable Law, the Board, in its sole discretion, may determine that the delivery of Common
Stock or the payment of cash, upon the exercise, vesting or settlement of all or a portion of any Award may be deferred and may also establish programs and procedures for deferral elections to be made by Participants. Deferrals will be made in
accordance with the requirements of Section 409A. 
 (n) Section 409A. Unless otherwise expressly provided for
in an Award Agreement, the Plan and Award Agreements will be interpreted to the greatest extent possible in a manner that makes the Plan and the Awards granted hereunder exempt from Section 409A, and, to the extent not so exempt, in compliance
with the requirements of Section 409A. If the Board determines that any Award granted hereunder is not exempt from and is therefore subject to Section 409A, the Award Agreement evidencing such Award will incorporate the terms and
conditions necessary to avoid the consequences specified in Section 409A(a)(1) of the Code, and to the extent an Award Agreement is silent on terms necessary for compliance, such terms are hereby incorporated by reference into the Award
Agreement. Notwithstanding anything to the contrary in this Plan (and unless the Award Agreement specifically provides otherwise), if the shares of Common Stock are publicly traded, and if a Participant holding an Award that constitutes
“deferred compensation” under Section 409A is a “specified employee” for purposes of Section 409A, no distribution or payment of any amount that is due because of a “separation from service” (as defined in
Section 409A without regard to alternative definitions thereunder) will be issued or paid before the date that is six months and one day following the date of such Participant’s “separation from service” or, if earlier, the date
of the Participant’s death, unless such distribution or payment can be made in a manner that complies with Section 409A, and any amounts so deferred will be paid in a lump sum on the day after such six month period elapses, with the
balance paid thereafter on the original schedule. 
 (o) CHOICE OF LAW. This Plan
and any controversy arising out of or relating to this Plan shall be governed by, and construed in accordance with, the internal laws of the State of Delaware, without regard to conflict of law principles that would result in any application of any
law other than the law of the State of Delaware. 

  
 15. 

 10. COVENANTS OF THE COMPANY. 

(a) Compliance with Law. The Company will seek to obtain from each regulatory commission or agency, as may be deemed to be necessary,
having jurisdiction over the Plan such authority as may be required to grant Awards and to issue and sell shares of Common Stock upon exercise or vesting of the Awards; provided, however, that this undertaking will not require the Company to
register under the Securities Act the Plan, any Award or any Common Stock issued or issuable pursuant to any such Award. If, after reasonable efforts and at a reasonable cost, the Company is unable to obtain from any such regulatory commission or
agency the authority that counsel for the Company deems necessary or advisable for the lawful issuance and sale of Common Stock under the Plan, the Company will be relieved from any liability for failure to issue and sell Common Stock upon exercise
or vesting of such Awards unless and until such authority is obtained. A Participant is not eligible for the grant of an Award or the subsequent issuance of Common Stock pursuant to the Award if such grant or issuance would be in violation of any
Applicable Law. 
 11. ADDITIONAL RULES FOR AWARDS SUBJECT TO
SECTION 409A. 
 (a) Application. Unless the provisions of this Section of the Plan are expressly superseded
by the provisions in the form of Award Agreement, the provisions of this Section shall apply and shall supersede anything to the contrary set forth in the Award Agreement for a Non-Exempt Award. 

(b) Non-Exempt Awards Subject to Non-Exempt Severance
Arrangements. To the extent a Non-Exempt Award is subject to Section 409A due to application of a Non-Exempt Severance Arrangement, the following provisions of
this subsection (b) apply. 
 (i) If the Non-Exempt Award vests in the ordinary course
during the Participant’s Continuous Service in accordance with the vesting schedule set forth in the Award Agreement, and does not accelerate vesting under the terms of a Non-Exempt Severance Arrangement,
in no event will the shares be issued in respect of such Non-Exempt Award any later than the later of: (i) December 31st of the calendar year that
includes the applicable vesting date, or (ii) the 60th day that follows the applicable vesting date. 

(ii) If vesting of the Non-Exempt Award accelerates under the terms of a Non-Exempt Severance Arrangement in connection with the Participant’s Separation from Service, and such vesting acceleration provisions were in effect as of the date of grant of the Non-Exempt Award and, therefore, are part of the terms of such Non-Exempt Award as of the date of grant, then the shares will be earlier issued in settlement of such Non-Exempt Award upon the Participant’s Separation from Service in accordance with the terms of the Non-Exempt Severance Arrangement, but in no event later than the 60th day that follows the date of the Participant’s Separation from Service. However, if at the time the shares would otherwise be issued the Participant is subject to the distribution limitations
contained in Section 409A applicable to “specified employees,” as defined in Section 409A(a)(2)(B)(i) of the Code, such shares shall not be issued before the date that is six months following the date of such Participant’s
Separation from Service, or, if earlier, the date of the Participant’s death that occurs within such six month period. 

  
 16. 

 (iii) If vesting of a Non-Exempt Award
accelerates under the terms of a Non-Exempt Severance Arrangement in connection with a Participant’s Separation from Service, and such vesting acceleration provisions were not in effect as of the date of
grant of the Non-Exempt Award and, therefore, are not a part of the terms of such Non-Exempt Award on the date of grant, then such acceleration of vesting of the Non-Exempt Award shall not accelerate the issuance date of the shares, but the shares shall instead be issued on the same schedule as set forth in the Grant Notice as if they had vested in the ordinary course during
the Participant’s Continuous Service, notwithstanding the vesting acceleration of the Non-Exempt Award. Such issuance schedule is intended to satisfy the requirements of payment on a specified date or
pursuant to a fixed schedule, as provided under Treasury Regulations Section 1.409A-3(a)(4). 

(c) Treatment of Non-Exempt Awards Upon a Corporate Transaction for Employees and Consultants.
The provisions of this subsection (c) shall apply and shall supersede anything to the contrary set forth in the Plan with respect to the permitted treatment of any Non-Exempt Award in connection with a
Corporate Transaction if the Participant was either an Employee or Consultant upon the applicable date of grant of the Non-Exempt Award. 

(i) Vested Non-Exempt Awards. The following provisions shall apply to any Vested Non-Exempt Award in connection with a Corporate Transaction: 
 (1) If the Corporate Transaction is
also a Section 409A Change in Control then the Acquiring Entity may not assume, continue or substitute the Vested Non-Exempt Award. Upon the Section 409A Change of Control the settlement of the
Vested Non-Exempt Award will automatically be accelerated and the shares will be immediately issued in respect of the Vested Non-Exempt Award. Alternatively, the Company
may instead provide that the Participant will receive a cash settlement equal to the Fair Market Value of the shares that would otherwise be issued to the Participant upon the Section 409A Change of Control. 

(2) If the Corporate Transaction is not also a Section 409A Change of Control, then the Acquiring Entity must either assume,
continue or substitute each Vested Non-Exempt Award. The shares to be issued in respect of the Vested Non-Exempt Award shall be issued to the Participant by the
Acquiring Entity on the same schedule that the shares would have been issued to the Participant if the Corporate Transaction had not occurred. In the Acquiring Entity’s discretion, in lieu of an issuance of shares, the Acquiring Entity may
instead substitute a cash payment on each applicable issuance date, equal to the Fair Market Value of the shares that would otherwise be issued to the Participant on such issuance dates, with the determination of the Fair Market Value of the shares
made on the date of the Corporate Transaction. 
 (ii) Unvested Non-Exempt Awards. The
following provisions shall apply to any Unvested Non-Exempt Award unless otherwise determined by the Board pursuant to subsection (e) of this Section. 

(1) In the event of a Corporate Transaction, the Acquiring Entity shall assume, continue or substitute any Unvested Non-Exempt Award. Unless otherwise determined by the Board, any Unvested Non-Exempt Award will remain subject to the same vesting and forfeiture restrictions that were
applicable to the Award prior to the Corporate Transaction. The shares to be issued in respect of any Unvested Non-Exempt Award shall be issued to the Participant by the Acquiring Entity on the same schedule
that the shares would have been issued to the Participant if the Corporate Transaction had not occurred. In the Acquiring Entity’s discretion, in lieu of an issuance of shares, the Acquiring Entity may instead substitute a cash payment on each
applicable issuance date, equal to the Fair Market Value of the shares that would otherwise be issued to the Participant on such issuance dates, with the determination of Fair Market Value of the shares made on the date of the Corporate Transaction.

  
 17. 

 (2) If the Acquiring Entity will not assume, substitute or continue any Unvested Non-Exempt Award in connection with a Corporate Transaction, then such Award shall automatically terminate and be forfeited upon the Corporate Transaction with no consideration payable to any Participant in respect
of such forfeited Unvested Non-Exempt Award. Notwithstanding the foregoing, to the extent permitted and in compliance with the requirements of Section 409A, the Board may in its discretion determine to
elect to accelerate the vesting and settlement of the Unvested Non-Exempt Award upon the Corporate Transaction, or instead substitute a cash payment equal to the Fair Market Value of such shares that would
otherwise be issued to the Participant, as further provided in subsection (e)(ii) below. In the absence of such discretionary election by the Board, any Unvested Non-Exempt Award shall be forfeited without
payment of any consideration to the affected Participants if the Acquiring Entity will not assume, substitute or continue the Unvested Non-Exempt Awards in connection with the Corporate Transaction. 

(3) The foregoing treatment shall apply with respect to all Unvested Non-Exempt Awards upon any
Corporate Transaction, and regardless of whether or not such Corporate Transaction is also a Section 409A Change of Control. 
 (d)
Treatment of Non-Exempt Awards Upon a Corporate Transaction for Non-Employee Directors. The following provisions of this subsection (d) shall apply and shall
supersede anything to the contrary that may be set forth in the Plan with respect to the permitted treatment of a Non-Exempt Director Award in connection with a Corporate Transaction. 

(i) If the Corporate Transaction is also a Section 409A Change of Control then the Acquiring Entity may not assume, continue or
substitute the Non-Exempt Director Award. Upon the Section 409A Change of Control the vesting and settlement of any Non-Exempt Director Award will automatically be
accelerated and the shares will be immediately issued to the Participant in respect of the Non-Exempt Director Award. Alternatively, the Company may provide that the Participant will instead receive a cash
settlement equal to the Fair Market Value of the shares that would otherwise be issued to the Participant upon the Section 409A Change of Control pursuant to the preceding provision. 

(ii) If the Corporate Transaction is not also a Section 409A Change of Control, then the Acquiring Entity must either assume,
continue or substitute the Non-Exempt Director Award. Unless otherwise determined by the Board, the Non-Exempt Director Award will remain subject to the same vesting and
forfeiture restrictions that were applicable to the Award prior to the Corporate Transaction. The shares to be issued in respect of the Non-Exempt Director Award shall be issued to the Participant by the
Acquiring Entity on the same schedule that the shares would have been issued to the Participant if the Corporate Transaction had not occurred. In the Acquiring Entity’s discretion, in lieu of an issuance of shares, the Acquiring Entity may
instead substitute a cash payment on each applicable issuance date, equal to the Fair Market Value of the shares that would otherwise be issued to the Participant on such issuance dates, with the determination of Fair Market Value made on the date
of the Corporate Transaction. 
 (e) If the RSU Award is a Non-Exempt Award, then the
provisions in this Section 11(e) shall apply and supersede anything to the contrary that may be set forth in the Plan or the Award Agreement with respect to the permitted treatment of such Non-Exempt
Award: 
 (i) Any exercise by the Board of discretion to accelerate the vesting of a
Non-Exempt Award shall not result in any acceleration of the scheduled issuance dates for the shares in respect of the Non-Exempt Award unless earlier issuance of the
shares upon the applicable vesting dates would be in compliance with the requirements of Section 409A. 

  
 18. 

 (ii) The Company explicitly reserves the right to earlier settle any Non-Exempt Award to the extent permitted and in compliance with the requirements of Section 409A, including pursuant to any of the exemptions available in Treasury Regulations
Section 1.409A-3(j)(4)(ix). 
 (iii) To the extent the terms of any Non-Exempt Award provide that it will be settled upon a Change in Control or Corporate Transaction, to the extent it is required for compliance with the requirements of Section 409A, the Change in Control or
Corporate Transaction event triggering settlement must also constitute a Section 409A Change of Control. To the extent the terms of a Non-Exempt Award provides that it will be settled upon a termination
of employment or termination of Continuous Service, to the extent it is required for compliance with the requirements of Section 409A, the termination event triggering settlement must also constitute a Separation From Service. However, if at
the time the shares would otherwise be issued to a Participant in connection with a “separation from service” such Participant is subject to the distribution limitations contained in Section 409A applicable to “specified
employees,” as defined in Section 409A(a)(2)(B)(i) of the Code, such shares shall not be issued before the date that is six months following the date of the Participant’s Separation From Service, or, if earlier, the date of the
Participant’s death that occurs within such six month period. 
 (iv) The provisions in this subsection (e) for delivery of
the shares in respect of the settlement of a RSU Award that is a Non-Exempt Award are intended to comply with the requirements of Section 409A so that the delivery of the shares to the Participant in
respect of such Non-Exempt Award will not trigger the additional tax imposed under Section 409A, and any ambiguities herein will be so interpreted. 

12. SEVERABILITY. 
 If all
or any part of the Plan or any Award Agreement is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity shall not invalidate any portion of the Plan or such Award Agreement not declared to be
unlawful or invalid. Any Section of the Plan or any Award Agreement (or part of such a Section) so declared to be unlawful or invalid shall, if possible, be construed in a manner which will give effect to the terms of such Section or part of a
Section to the fullest extent possible while remaining lawful and valid. 
 13. TERMINATION OF THE
PLAN. 
 The Board may suspend or terminate the Plan at any time. 

No Incentive Stock Options may be granted after the tenth anniversary of the earlier of: (i) the Adoption Date, or (ii) the date the Plan is
approved by the Company’s stockholders. No Awards may be granted under the Plan while the Plan is suspended or after it is terminated. 

  
 19 

 14. DEFINITIONS. 

As used in the Plan, the following definitions apply to the capitalized terms indicated below: 

(a) “Acquiring Entity” means the surviving or acquiring corporation (or its parent company) in connection with a
Corporate Transaction. 
 (b) Adoption Date” means the date the Plan is first approved by the Board or Compensation
Committee. 
 (c) “Affiliate” means, at the time of determination, any “parent” or
“subsidiary” of the Company as such terms are defined in Rule 405 promulgated under the Securities Act. The Board may determine the time or times at which “parent” or “subsidiary” status is determined within the
foregoing definition. 
 (d) “Applicable Law” means shall mean any applicable securities, federal, state,
foreign, material local or municipal or other law, statute, constitution, principle of common law, resolution, ordinance, code, edict, decree, rule, listing rule, regulation, judicial decision, ruling or requirement issued, enacted, adopted,
promulgated, implemented or otherwise put into effect by or under the authority of any Governmental Body (including under the authority of any applicable self-regulating organization such as the Nasdaq Stock Market, New York Stock Exchange, or the
Financial Industry Regulatory Authority). 
 (e) “Award” means any right to receive Common Stock, cash or
other property granted under the Plan (including an Incentive Stock Option, a Nonstatutory Stock Option, a Restricted Stock Award, a RSU Award, a SAR, a Performance Award or any Other Award). 

(f) “Award Agreement” means a written agreement between the Company and a Participant evidencing the terms and
conditions of an Award. The Award Agreement generally consists of the Grant Notice and the agreement containing the written summary of the general terms and conditions applicable to the Award and which is provided to a Participant along with the
Grant Notice. 
 (g) “Board” means the Board of Directors of the Company (or its designee). Any decision or
determination made by the Board shall be a decision or determination that is made in the sole discretion of the Board (or its designee), and such decision or determination shall be final and binding on all Participants. 

(h) “Capital Stock” means the Class A Common Stock and the Class B Common Stock of the Company. 

(i) “Capitalization Adjustment” means any change that is made in, or other events that occur with respect to,
the Common Stock subject to the Plan or subject to any Award after the Effective Date without the receipt of consideration by the Company through merger, consolidation, reorganization, recapitalization, reincorporation, stock dividend, dividend in
property other than cash, large nonrecurring cash dividend, stock split, reverse stock split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure or any similar equity restructuring transaction, as that
term is used in Statement of Financial Accounting Standards Board Accounting Standards Codification Topic 718 (or any successor thereto). Notwithstanding the foregoing, the conversion of any convertible securities of the Company will not be treated
as a Capitalization Adjustment. 

  
 20. 

 (j) “Cause” has the meaning ascribed to such
term in any written agreement between the Participant and the Company defining such term and, in the absence of such agreement, such term means, with respect to a Participant, the occurrence of any of the following events: (i) such
Participant’s commission of any crime involving fraud, dishonesty or moral turpitude or attempted commission of, or participation in, a fraud or act of dishonesty against the Company; (ii) such Participant’s intentional, material
violation of any contract or agreement between the Participant and the Company or of any statutory duty owed to the Company; (iii) such Participant’s unauthorized use or disclosure of the Company’s confidential information or trade
secrets; or (iv) such Participant’s gross misconduct, conduct that constitutes gross insubordination, incompetence or habitual neglect of duties and that results in (or might have reasonably resulted in) material harm to the business of
the Company. The determination that a termination of the Participant’s Continuous Service is either for Cause or without Cause will be made by the Board with respect to Participants who are executive officers of the Company and by the
Company’s Chief Executive Officer with respect to Participants who are not executive officers of the Company. Any determination by the Company that the Continuous Service of a Participant was terminated with or without Cause for the purposes of
outstanding Awards held by such Participant will have no effect upon any determination of the rights or obligations of the Company or such Participant for any other purpose. 

(k) “Change in Control” or “Change of Control” means the occurrence, in a single
transaction or in a series of related transactions, of any one or more of the following events; provided, however, to the extent necessary to avoid adverse personal income tax consequences to the Participant in connection with an Award, also
constitutes a Section 409A Change of Control: 
 (i) any Exchange Act Person becomes the Owner, directly or indirectly, of
securities of the Company representing more than 50% of the combined voting power of the Company’s then outstanding securities other than by virtue of a merger, consolidation or similar transaction. Notwithstanding the foregoing, a Change in
Control shall not be deemed to occur (A) on account of the acquisition of securities of the Company directly from the Company, (B) on account of the acquisition of securities of the Company by an investor, any affiliate thereof or any
other Exchange Act Person that acquires the Company’s securities in a transaction or series of related transactions the primary purpose of which is to obtain financing for the Company through the issuance of equity securities, or
(C) solely because the level of Ownership held by any Exchange Act Person (the “Subject Person”) exceeds the designated percentage threshold of the outstanding voting securities as a result of a repurchase or other acquisition
of voting securities by the Company reducing the number of shares outstanding, provided that if a Change in Control would occur (but for the operation of this sentence) as a result of the acquisition of voting securities by the Company, and after
such share acquisition, the Subject Person becomes the Owner of any additional voting securities that, assuming the repurchase or other acquisition had not occurred, increases the percentage of the then outstanding voting securities Owned by the
Subject Person over the designated percentage threshold, then a Change in Control shall be deemed to occur; 
 (ii) there is
consummated a merger, consolidation or similar transaction involving (directly or indirectly) the Company and, immediately after the consummation of such merger, consolidation or similar transaction, the stockholders of the Company immediately prior
thereto do not Own, directly or indirectly, either (A) outstanding voting securities representing more than 50% of the combined outstanding voting power of the surviving Entity in such merger, consolidation or similar transaction or
(B) more than 50% of the combined outstanding voting power of the parent of the surviving Entity in such merger, consolidation or similar transaction, in each case in substantially the same proportions as their Ownership of the outstanding
voting securities of the Company immediately prior to such transaction; 

  
 21. 

 (iii) the stockholders of the Company approve or the Board approves a plan of
complete dissolution or liquidation of the Company, or a complete dissolution or liquidation of the Company shall otherwise occur, except for a liquidation into a parent corporation; 

(iv) there is consummated a sale, lease, exclusive license or other disposition of all or substantially all of the consolidated assets
of the Company and its Subsidiaries, other than a sale, lease, license or other disposition of all or substantially all of the consolidated assets of the Company and its Subsidiaries to an Entity, more than 50% of the combined voting power of the
voting securities of which are Owned by stockholders of the Company in substantially the same proportions as their Ownership of the outstanding voting securities of the Company immediately prior to such sale, lease, license or other disposition; or

 (v) individuals who, on the date the Plan is adopted by the Board, are members of the Board (the “Incumbent
Board”) cease for any reason to constitute at least a majority of the members of the Board; provided, however, that if the appointment or election (or nomination for election) of any new Board member was approved or recommended
by a majority vote of the members of the Incumbent Board then still in office, such new member shall, for purposes of this Plan, be considered as a member of the Incumbent Board. 

Notwithstanding the foregoing or any other provision of this Plan, (A) the term Change in Control shall not include a sale of assets,
merger or other transaction effected exclusively for the purpose of changing the domicile of the Company, and (B) the definition of Change in Control (or any analogous term) in an individual written agreement between the Company or any
Affiliate and the Participant shall supersede the foregoing definition with respect to Awards subject to such agreement; provided, however, that if no definition of Change in Control or any analogous term is set forth in such an individual
written agreement, the foregoing definition shall apply. 
 (l) “Code” means the Internal Revenue Code of
1986, as amended, including any applicable regulations and guidance thereunder. 
 (m) “Committee” means the
Compensation Committee and any other committee of Directors to whom authority has been delegated by the Board or Compensation Committee in accordance with the Plan. 

(n) “Common Stock” means the Class A Common Stock of the Company. 

(o) “Company” means Olo Inc., a Delaware corporation. 

(p) “Compensation Committee” means the Compensation Committee of the Board. 

(q) “Consultant” means any person, including an advisor, who is (i) engaged by the Company or an Affiliate
to render consulting or advisory services and is compensated for such services, or (ii) serving as a member of the board of directors of an Affiliate and is compensated for such services. However, service solely as a Director, or payment of a
fee for such service, will not cause a Director to be considered a “Consultant” for purposes of the Plan. Notwithstanding the foregoing, a person is treated as a Consultant under this Plan only if a Form S-8 Registration Statement under the Securities Act is available to register either the offer or the sale of the Company’s securities to such person. 

  
 22. 

 (r) “Continuous Service” means that the Participant’s
service with the Company or an Affiliate, whether as an Employee, Director or Consultant, is not interrupted or terminated. A change in the capacity in which the Participant renders service to the Company or an Affiliate as an Employee, Director or
Consultant or a change in the Entity for which the Participant renders such service, provided that there is no interruption or termination of the Participant’s service with the Company or an Affiliate, will not terminate a Participant’s
Continuous Service; provided, however, that if the Entity for which a Participant is rendering services ceases to qualify as an Affiliate, as determined by the Board, such Participant’s Continuous Service will be considered to
have terminated on the date such Entity ceases to qualify as an Affiliate. For example, a change in status from an Employee of the Company to a Consultant of an Affiliate or to a Director will not constitute an interruption of Continuous Service. To
the extent permitted by law, the Board or the chief executive officer of the Company, in that party’s sole discretion, may determine whether Continuous Service will be considered interrupted in the case of (i) any leave of absence approved
by the Board or chief executive officer, including sick leave, military leave or any other personal leave, or (ii) transfers between the Company, an Affiliate, or their successors. Notwithstanding the foregoing, a leave of absence will be
treated as Continuous Service for purposes of vesting in an Award only to such extent as may be provided in the Company’s leave of absence policy, in the written terms of any leave of absence agreement or policy applicable to the Participant,
or as otherwise required by law. In addition, to the extent required for exemption from or compliance with Section 409A, the determination of whether there has been a termination of Continuous Service will be made, and such term will be
construed, in a manner that is consistent with the definition of “separation from service” as defined under Treasury Regulation Section 1.409A-1(h) (without regard to any alternative definition
thereunder). 
 (s) “Corporate Transaction” means the consummation, in a single transaction or in a series of
related transactions, of any one or more of the following events: 
 (i) a sale or other disposition of all or substantially
all, as determined by the Board, of the consolidated assets of the Company and its Subsidiaries; 
 (ii) a sale or other disposition
of at least 50% of the outstanding securities of the Company; 
 (iii) a merger, consolidation or similar transaction following which
the Company is not the surviving corporation; or 
 (iv) a merger, consolidation or similar transaction following which the Company is
the surviving corporation but the shares of Common Stock outstanding immediately preceding the merger, consolidation or similar transaction are converted or exchanged by virtue of the merger, consolidation or similar transaction into other property,
whether in the form of securities, cash or otherwise. 
 (t) “Director” means a member of the Board. 

(u) “determine” or “determined” means as determined by the Board or the Committee (or its designee) in
its sole discretion. 
 (v) “Disability” means, with respect to a Participant, such Participant is unable to
engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12
months, as provided in Section 22(e)(3) of the Code, and will be determined by the Board on the basis of such medical evidence as the Board deems warranted under the circumstances. 

(w) “Effective Date” means the IPO Date, provided this Plan is approved by the Company’s stockholders prior
to the IPO Date. 

  
 23. 

 (x) “Employee” means any person employed by the Company or an
Affiliate. However, service solely as a Director, or payment of a fee for such services, will not cause a Director to be considered an “Employee” for purposes of the Plan. 

(y) “Employer” means the Company or the Affiliate of the Company that employs the Participant. 

(z) “Entity” means a corporation, partnership, limited liability company or other entity. 

(aa) “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder. 
 (bb) “Exchange Act Person” means any natural person, Entity or
“group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act), except that “Exchange Act Person” will not include (i) the Company or any Subsidiary of the Company, (ii) any employee benefit plan of the
Company or any Subsidiary of the Company or any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Subsidiary of the Company, (iii) an underwriter temporarily holding securities pursuant to a
registered public offering of such securities, (iv) an Entity Owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their Ownership of stock of the Company; or (v) any natural person,
Entity or “group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act) that, as of the Effective Date, is the Owner, directly or indirectly, of securities of the Company representing more than 50% of the combined voting
power of the Company’s then outstanding securities. 
 (cc) “Fair Market Value” means, as of any date,
unless otherwise determined by the Board, the value of the Common Stock (as determined on a per share or aggregate basis, as applicable) determined as follows: 

(i) If the Common Stock is listed on any established stock exchange or traded on any established market, the Fair Market Value will be
the closing sales price for such stock as quoted on such exchange or market (or the exchange or market with the greatest volume of trading in the Common Stock) on the date of determination, as reported in a source the Board deems reliable. 

(ii) If there is no closing sales price for the Common Stock on the date of determination, then the Fair Market Value will be the
closing selling price on the last preceding date for which such quotation exists. 
 (iii) In the absence of such markets for the
Common Stock, or if otherwise determined by the Board, the Fair Market Value will be determined by the Board in good faith and in a manner that complies with Sections 409A and 422 of the Code. 

(dd) “Governmental Body” means any: (a) nation, state, commonwealth, province,
territory, county, municipality, district or other jurisdiction of any nature; (b) federal, state, local, municipal, foreign or other government; (c) governmental or regulatory body, or quasi-governmental body of any nature (including any
governmental division, department, administrative agency or bureau, commission, authority, instrumentality, official, ministry, fund, foundation, center, organization, unit, body or Entity and any court or other tribunal, and for the avoidance of
doubt, any Tax authority) or other body exercising similar powers or authority; or (d) self-regulatory organization (including the Nasdaq Stock Market, New York Stock Exchange, and the Financial Industry Regulatory Authority). 

  
 24. 

 (ee) “Grant Notice” means the notice provided to a
Participant that he or she has been granted an Award under the Plan and which includes the name of the Participant, the type of Award, the date of grant of the Award, number of shares of Common Stock subject to the Award or potential cash payment
right, (if any), the vesting schedule for the Award (if any) and other key terms applicable to the Award. 
 (ff)
“Incentive Stock Option” means an option granted pursuant to Section 4 of the Plan that is intended to be, and qualifies as, an “incentive stock option” within the meaning of Section 422 of the Code.

 (gg) “IPO Date” means the date of the underwriting agreement between the Company and the underwriter(s)
managing the initial public offering of the Common Stock, pursuant to which the Common Stock is priced for the initial public offering. 

(hh) “Materially Impair” means any amendment to the terms of the Award that materially adversely affects the
Participant’s rights under the Award. A Participant’s rights under an Award will not be deemed to have been Materially Impaired by any such amendment if the Board, in its sole discretion, determines that the amendment, taken as a whole,
does not materially impair the Participant’s rights. For example, the following types of amendments to the terms of an Award do not Materially Impair the Participant’s rights under the Award: (i) imposition of reasonable restrictions
on the minimum number of shares subject to an Option that may be exercised, (ii) to maintain the qualified status of the Award as an Incentive Stock Option under Section 422 of the Code; (iii) to change the terms of an Incentive Stock
Option in a manner that disqualifies, impairs or otherwise affects the qualified status of the Award as an Incentive Stock Option under Section 422 of the Code; (iv) to clarify the manner of exemption from, or to bring the Award into
compliance with or qualify it for an exemption from, Section 409A; or (v) to comply with other Applicable Laws. 
 (ii)
“Non-Employee Director” means a Director who either (i) is not a current employee or officer of the Company or an Affiliate, does not receive compensation, either
directly or indirectly, from the Company or an Affiliate for services rendered as a consultant or in any capacity other than as a Director (except for an amount as to which disclosure would not be required under Item 404(a) of Regulation S-K promulgated pursuant to the Securities Act (“Regulation S-K”)), does not possess an interest in any other transaction for which disclosure would be
required under Item 404(a) of Regulation S-K, and is not engaged in a business relationship for which disclosure would be required pursuant to Item 404(b) of Regulation
S-K; or (ii) is otherwise considered a “non-employee director” for purposes of Rule 16b-3. 

(jj) “Non-Exempt Award” means any Award that is subject to, and not
exempt from, Section 409A, including as the result of (i) a deferral of the issuance of the shares subject to the Award which is elected by the Participant or imposed by the Company, or (ii) the terms of any Non-Exempt Severance Agreement. 
 (kk)
“Non-Exempt Director Award” means a Non-Exempt Award granted to a Participant who was a Director but not an Employee on the applicable grant
date. 
 (ll) “Non-Exempt Severance Arrangement” means a severance
arrangement or other agreement between the Participant and the Company that provides for acceleration of vesting of an Award and issuance of the shares in respect of such Award upon the Participant’s termination of employment or separation from
service (as such term is defined in Section 409A(a)(2)(A)(i) of the Code (and without regard to any alternative definition thereunder) (“Separation from Service”)) and such severance benefit does not satisfy the
requirements for an exemption from application of Section 409A provided under Treasury Regulations Section 1.409A-1(b)(4), 1.409A-1(b)(9) or otherwise. 

  
 25. 

 (mm) “Nonstatutory Stock Option” means any option granted
pursuant to Section 4 of the Plan that does not qualify as an Incentive Stock Option. 
 (nn) “Officer”
means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act. 
 (oo)
“Option” means an Incentive Stock Option or a Nonstatutory Stock Option to purchase shares of Common Stock granted pursuant to the Plan. 

(pp) “Option Agreement” means a written agreement between the Company and the Optionholder evidencing the terms
and conditions of the Option grant. The Option Agreement includes the Grant Notice for the Option and the agreement containing the written summary of the general terms and conditions applicable to the Option and which is provided to a Participant
along with the Grant Notice. Each Option Agreement will be subject to the terms and conditions of the Plan. 
 (qq)
“Optionholder” means a person to whom an Option is granted pursuant to the Plan or, if applicable, such other person who holds an outstanding Option. 

(rr) “Other Award” means an award based in whole or in part by reference to the Common Stock which is granted
pursuant to the terms and conditions of Section 5(c). 
 (ss) “Other Award Agreement” means
a written agreement between the Company and a holder of an Other Award evidencing the terms and conditions of an Other Award grant. Each Other Award Agreement will be subject to the terms and conditions of the Plan. 

(tt) “Own,” “Owned,” “Owner,”
“Ownership” means that a person or Entity will be deemed to “Own,” to have “Owned,” to be the “Owner” of, or to have acquired “Ownership” of securities if such person or
Entity, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, has or shares voting power, which includes the power to vote or to direct the voting, with respect to such securities. 

(uu) “Participant” means an Employee, Director or Consultant to whom an Award is granted pursuant to the Plan
or, if applicable, such other person who holds an outstanding Award. 
 (vv) “Performance Award” means an
Award that may vest or may be exercised or a cash award that may vest or become earned and paid contingent upon the attainment during a Performance Period of certain Performance Goals and which is granted under the terms and conditions of
Section 5(b) pursuant to such terms as are approved by the Board. In addition, to the extent permitted by Applicable Law and set forth in the applicable Award Agreement, the Board may determine that cash or other property may be used in payment
of Performance Awards. Performance Awards that are settled in cash or other property are not required to be valued in whole or in part by reference to, or otherwise based on, the Common Stock. 

  
 26. 

 (ww) “Performance Criteria” means the one or more criteria
that the Board will select for purposes of establishing the Performance Goals for a Performance Period. The Performance Criteria that will be used to establish such Performance Goals will be set by the Board, and may be based on any one of, or
combination of, the following: earnings (including earnings per share and net earnings); earnings before interest, taxes, and depreciation; earnings before interest, taxes, depreciation, and amortization; total stockholder return; return on equity
or average stockholder’s equity; return on assets, investment, or capital employed; stock price; margin (including gross margin); income (before or after taxes); operating income; operating income after taxes;
pre-tax profit; operating cash flow; sales or revenue targets; increases in revenue or product revenue; expenses and cost reduction goals; improvement in or attainment of working capital levels; economic value
added (or an equivalent metric); market share; cash flow; cash flow per share; share price performance; debt reduction; customer satisfaction; stockholders’ equity; capital expenditures; debt levels; operating profit or net operating profit;
workforce diversity; growth of net income or operating income; billings; financing; regulatory milestones; stockholder liquidity; corporate governance and compliance; intellectual property; personnel matters; progress of partnered programs; partner
satisfaction; budget management; partner or collaborator achievements; internal controls, including those related to the Sarbanes-Oxley Act of 2002; investor relations, analysts and communication; implementation or completion of projects or
processes; employee retention; strategic partnerships or transactions (including in-licensing and out-licensing of intellectual property); establishing relationships
with respect to the marketing, distribution, and sale of the Company’s products; co-development, co-marketing, profit sharing, joint venture, or other similar
arrangements; individual performance goals; corporate development and planning goals; bookings goals; and other measures of performance selected by the Board or Committee. 

(xx) “Performance Goals” means, for a Performance Period, the one or more goals established by the Board for the
Performance Period based upon the Performance Criteria. Performance Goals may be based on a Company-wide basis, with respect to one or more business units, divisions, Affiliates, or business segments, and in either absolute terms or relative to the
performance of one or more comparable companies or the performance of one or more relevant indices. Unless specified otherwise by the Board (i) in the Award Agreement at the time the Award is granted or (ii) in such other document setting
forth the Performance Goals at the time the Performance Goals are established, the Board will appropriately make adjustments in the method of calculating the attainment of Performance Goals for a Performance Period as follows: (1) to exclude
restructuring and/or other nonrecurring charges; (2) to exclude exchange rate effects; (3) to exclude the effects of changes to generally accepted accounting principles; (4) to exclude the effects of any statutory adjustments to
corporate tax rates; (5) to exclude the effects of items that are “unusual” in nature or occur “infrequently” as determined under generally accepted accounting principles; (6) to exclude the dilutive effects of
acquisitions or joint ventures; (7) to assume that any business divested by the Company achieved performance objectives at targeted levels during the balance of a Performance Period following such divestiture; (8) to exclude the effect of
any change in the outstanding shares of common stock of the Company by reason of any stock dividend or split, stock repurchase, reorganization, recapitalization, merger, consolidation, spin-off, combination or
exchange of shares or other similar corporate change, or any distributions to common stockholders other than regular cash dividends; (9) to exclude the effects of stock based compensation and the award of bonuses under the Company’s bonus
plans; (10) to exclude costs incurred in connection with potential acquisitions or divestitures that are required to expensed under generally accepted accounting principles; and (11) to exclude the goodwill and intangible asset impairment
charges that are required to be recorded under generally accepted accounting principles. In addition, the Board retains the discretion to reduce or eliminate the compensation or economic benefit due upon attainment of Performance Goals and to define
the manner of calculating the Performance Criteria it selects to use for such Performance Period. Partial achievement of the specified criteria may result in the payment or vesting corresponding to the degree of achievement as specified in the Award
Agreement or the written terms of a Performance Award. 

  
 27. 

 (yy) “Performance Period” means the period of time selected
by the Board over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to vesting or exercise of an Award. Performance Periods may be of varying and overlapping duration, at
the sole discretion of the Board. 
 (zz) “Plan” means this Olo Inc. 2021 Equity Incentive Plan, as amended
from time to time. 
 (aaa) “Plan Administrator” means the person, persons, and/or third-party administrator
designated by the Company to administer the day to day operations of the Plan and the Company’s other equity incentive programs. 

(bbb) “Post-Termination Exercise Period” means the period following termination of a Participant’s
Continuous Service within which an Option or SAR is exercisable, as specified in Section 4(h). 
 (ccc) “Prior
Plans’ Available Reserve” means the number of shares available for the grant of new awards under the Prior Plans, to the extent applicable, as of immediately prior to the Effective Date. 

(ddd) “Prior Plans” means the Company’s 2015 Equity Incentive Plan and the Company’s 2005 Equity
Incentive Plan, each as amended. 
 (eee) “Prospectus” means the document containing the Plan information
specified in Section 10(a) of the Securities Act. 
 (fff) “Restricted Stock Award” or
“RSA” means an Award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 5(a). 

(ggg) “Restricted Stock Award Agreement” means a written agreement between the Company and a holder of a
Restricted Stock Award evidencing the terms and conditions of a Restricted Stock Award grant. The Restricted Stock Award Agreement includes the Grant Notice for the Restricted Stock Award and the agreement containing the written summary of the
general terms and conditions applicable to the Restricted Stock Award and which is provided to a Participant along with the Grant Notice. Each Restricted Stock Award Agreement will be subject to the terms and conditions of the Plan. 

(hhh) “Returning Shares” means shares subject to outstanding stock awards granted under the Prior Plans and that
following the Effective Date: (A) are not issued because such stock award or any portion thereof expires or otherwise terminates without all of the shares covered by such stock award having been issued; (B) are not issued because such
stock award or any portion thereof is settled in cash; (C) are forfeited back to or repurchased by the Company because of the failure to meet a contingency or condition required for the vesting of such shares; (D) are withheld or
reacquired to satisfy the exercise, strike or purchase price; or (E) are withheld or reacquired to satisfy a tax withholding obligation, provided, however, that any such shares that are shares of Class B Common Stock shall
instead be added to the Share Reserve as shares of Class A Common Stock as described in Section 3(a). 
 (iii)
“RSU Award” or “RSU” means an Award of restricted stock units representing the right to receive an issuance of shares of Common Stock which is granted pursuant to the terms and
conditions of Section 5(a). 
 (jjj) “RSU Award Agreement” means a written agreement
between the Company and a holder of a RSU Award evidencing the terms and conditions of a RSU Award grant. The RSU Award Agreement includes the Grant Notice for the RSU Award and the agreement containing the written summary of the general terms and
conditions applicable to the RSU Award and which is provided to a Participant along with the Grant Notice. Each RSU Award Agreement will be subject to the terms and conditions of the Plan. 

  
 28. 

 (kkk) “Rule 16b-3”
means Rule 16b-3 promulgated under the Exchange Act or any successor to Rule 16b-3, as in effect from time to time. 

(lll) “Rule 405” means Rule 405 promulgated under the Securities Act. 

(mmm) “Section 409A” means Section 409A of the Code and the regulations
and other guidance thereunder. 
 (nnn) “Section 409A Change of Control”
means a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of the Code and Treasury Regulations Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder). 
 (ooo)
“Securities Act” means the Securities Act of 1933, as amended. 
 (ppp) “Share
Reserve” means the number of shares available for issuance under the Plan as set forth in Section 2(a). 
 (qqq)
“Stock Appreciation Right” or “SAR” means a right to receive the appreciation on Common Stock that is granted pursuant to the terms and conditions of Section 4. 

(rrr) “SAR Agreement” means a written agreement between the Company and a holder of a SAR evidencing the terms
and conditions of a SAR grant. The SAR Agreement includes the Grant Notice for the SAR and the agreement containing the written summary of the general terms and conditions applicable to the SAR and which is provided to a Participant along with the
Grant Notice. Each SAR Agreement will be subject to the terms and conditions of the Plan. 
 (sss)
“Subsidiary” means, with respect to the Company, (i) any corporation of which more than 50% of the outstanding Capital Stock having ordinary voting power to elect a majority of the board of directors of such
corporation (irrespective of whether, at the time, stock of any other class or classes of such corporation will have or might have voting power by reason of the happening of any contingency) is at the time, directly or indirectly, Owned by the
Company, and (ii) any partnership, limited liability company or other entity in which the Company has a direct or indirect interest (whether in the form of voting or participation in profits or capital contribution) of more than 50%. 

(ttt) “Ten Percent Stockholder” means a person who Owns (or is deemed to Own pursuant to Section 424(d) of
the Code) stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or any Affiliate. 

(uuu) “Trading Policy” means the Company’s policy permitting certain individuals to sell Company shares
only during certain “window” periods and/or otherwise restricts the ability of certain individuals to transfer or encumber Company shares, as in effect from time to time. 

(vvv) “Unvested Non-Exempt Award” means the portion of any Non-Exempt Award that had not vested in accordance with its terms upon or prior to the date of any Corporate Transaction. 

  
 29. 

 (www) “Vested Non-Exempt
Award” means the portion of any Non-Exempt Award that had vested in accordance with its terms upon or prior to the date of a Corporate Transaction. 

  
 30.

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