Document:

Exhibit 10.2

 

2019 CCUR Bonus
Plan

 

The 2019 CCUR Bonus Plan (the “Bonus
Plan”), adopted by the Board of Directors of CCUR Holdings, Inc. (the “Company”) on January 1, 2019
upon the recommendation of the Compensation Committee of the Board, is set forth as follows:

 

General

 

The Bonus Plan shall be subject to,
and where applicable, governed by, the terms of the CCUR Holdings, Inc. Amended and Restated 2011 Stock Incentive Plan (the “Incentive
Plan”) (or any successor plan intended to qualify under Section 162(m) of the Internal Revenue Code of 1986, as
amended).

 

Each Bonus Plan participant will be
eligible to receive a portion of a bonus pool allocated by the Company based on growth in the Company’s Net Asset Value (“NAV”),
if any. Each plan participant shall have been communicated their target bonus at the beginning of the calendar year, or upon hiring
or inclusion in the Bonus Plan.

 

Bonus Funding

 

All Bonus awards will be funded from
a bonus pool (“Bonus Pool”) to be determined as follows:

 

		·	The Company will establish a target bonus pool for all plan participants
(“Target Pool”) and establish the beginning of year Compensation Net Asset Value (“Bonus NAV”)
and Bonus NAV per share.

 

		·	Promptly following the end of the calendar year, the Company will
determine the Company’s end of year Bonus NAV per share, to be certified by the Compensation Committee.

 

The Company will fund a Bonus Pool
up to ten percent (10%) of the excess, if any, of (A) end of year Bonus NAV per share divided by (B) beginning of year
Bonus NAV per share, and subtracting one from the quotient (“NAV Return”) less (C) the required threshold
return of five percent (5%) (“Threshold Return”) and, if this net amount is positive, it will be multiplied
by (D) beginning of year Bonus NAV.

 

Threshold Performance and High-Water
Mark

 

Notwithstanding any provision of this
Plan to the contrary, if the NAV Return is less than the Threshold Return, then no Bonus shall be awarded for the calendar year.
In addition, if the NAV Return is less than the Threshold Return, then the Bonus Pool for the next two calendar years shall be
based on a NAV Return using the end of year Bonus NAV per share as compared to the highest end of year Bonus NAV per share for
the preceding two calendar years as the beginning of year Bonus NAV per share, per the formula above. 

Bonus Distribution

 

If the NAV Return is above the Threshold
Return, then, upon the recommendation of management, the Compensation Committee will distribute the Bonus NAV in accordance with
the contractual obligations binding upon the Company in effect at the time of the distribution.

 

Payouts and Grants

 

For each plan participant, their Bonus
NAV shall be awarded as follows: (a) fifty percent (50%) of the award value will be paid in cash within seventy-four (74)
days after the end of the calendar year for which it is awarded ; and (b) fifty percent (50%) to be paid in cash, equity
or a combination thereof, at the discretion of the Compensation Committee and subject to the limitations set forth in the Incentive
Plan. 

Net Asset Value (NAV)

 

For the purpose of the foregoing calculation, the Company’s
“Net Asset Value” is generally calculated by as follows:

 

Net Asset Value, without duplication, is the amount equal to:

 

		(A)	Total Assets (as reflected on Company’s audited
Balance Sheet for the then-ended calendar year), less

 

     

     

    

 

		(B)	all Indebtedness and other liabilities of the Company
reflected on such Balance Sheet and determined in accordance with GAAP, including those related to the Company’s investments
to the extent not taken into account in the calculation of the fair market value of such investments included in Total Assets; provided that
for such purposes, the derivative attributable to the conversion feature in any series of preferred stock that the Company may
issue will not be considered a liability.

 

Compensation Net Asset Value

 

Net Asset Value would then be adjusted as follows to arrive
at Compensation Net Asset Value (“Bonus NAV”):

 

		(1)	To exclude the Company’s deferred tax assets and liabilities,

		(2)	Adding the amount of any dividends paid on account of the Company’s capital stock,

		(3)	Adding the amount spent buying back any of the Company’s common stock under a Board-approved
stock buyback plan,

		(4)	To exclude accruals for any Bonus NAV and payments contemplated by any asset management agreement
or other agreement approved by the Company’s Board relating to the allocation and management of the Company’s assets,
and

		(4)	Eliminating the impact of any common stock issuances to third  parties by the company by adjusting
for the impact to the beginning of year Bonus NAV. 

 

Common Stock outstanding

 

		(1)	Beginning of year common stock outstanding should be adjusted for:

		a.	Any common stock issuances to third parties

		b.	Stock splits

 

		(2)	End of year common stock outstanding should be adjusted for:

		a.	Preferred stock conversions

		b.	Stock repurchases

		c.	Exercise of options by named executive officers

 

Fair Market Value

 

		(i)	in the case of any security that is either (a) listed on a national securities exchange or (b) an actively traded security
in the over-the-counter-market that represents equity in a person with a market capitalization of at least $50,000,000 on each
trading day in the preceding sixty (60) day period prior to such date, the product of (x) (i) the sum of the daily volume weighted
average price of a single unit of such security for each of the twenty (20) consecutive trading days immediately prior to such
date, divided by (ii) 20, multiplied by (y) the number of units of such security being valued, 

 

		(ii)	in the case of any security that is not so listed or not an actively traded security or any other property or asset (other
than cash equivalents), the fair market value thereof (defined as the price that would be negotiated in an arms’ length transaction
for cash between a willing buyer and willing seller, neither of which is acting under compulsion), as determined by a written opinion
of a nationally recognized investment banking, appraisal, accounting or valuation firm that is not an affiliate of the Company
and is selected by the Company in good faith and

 

		(iii)	in the case of cash equivalents, the face value thereof.

 

Beginning of Year Bonus NAV

 

For the purpose of setting a beginning of year Bonus NAV to
be used in determining the amount to be funded to a Bonus Pool, start with the end of year Bonus NAV for the previous measurement
period and then adjust as follows:

 

		(1)	Eliminate adjustments made for conversion of preferred
stock into common stock,

		(2)	Eliminate adjustments made for the Company’s deferred
financing costs, and

		(3)	Eliminate adjustments made for the exercise of options
by named executive officers.EX-4.1

 Exhibit 4.1 

ALECTOR, INC. 
 AMENDED
AND RESTATED REGISTRATION RIGHTS AGREEMENT 
 April 26, 2018 

 TABLE OF CONTENTS 

 

									
	 	  	 	  	 	  	Page	 
	 1.
	  	Definitions	  	 	1	 
	 2.
	  	Registration Rights	  	 	4	 
		  	2.1	  	Demand Registration	  	 	4	 
		  	2.2	  	Company Registration	  	 	6	 
		  	2.3	  	Underwriting Requirements	  	 	6	 
		  	2.4	  	Obligations of the Company	  	 	8	 
		  	2.5	  	Furnish Information	  	 	9	 
		  	2.6	  	Expenses of Registration	  	 	9	 
		  	2.7	  	Delay of Registration	  	 	9	 
		  	2.8	  	Indemnification	  	 	10	 
		  	2.9	  	Reports Under Exchange Act	  	 	12	 
		  	2.10	  	Limitations on Subsequent Registration Rights	  	 	13	 
		  	2.11	  	“Market Stand-off” Agreement	  	 	13	 
		  	2.12	  	Restrictions on Transfer	  	 	13	 
		  	2.13	  	Termination of Registration Rights	  	 	15	 
			
	 3.
	  	Miscellaneous	  	 	15	 
		  	3.1	  	Successors and Assigns	  	 	15	 
		  	3.2	  	Governing Law	  	 	15	 
		  	3.3	  	Counterparts; Facsimile	  	 	16	 
		  	3.4	  	Titles and Subtitles	  	 	16	 
		  	3.5	  	Notices	  	 	16	 
		  	3.6	  	Amendments and Waivers	  	 	16	 
		  	3.7	  	Severability	  	 	17	 
		  	3.8	  	Aggregation of Shares	  	 	17	 
		  	3.9	  	Entire Agreement	  	 	17	 
		  	3.10	  	Delays or Omissions	  	 	17	 
		  	3.11	  	Prior Agreement Superseded	  	 	17	 
		  	3.12	  	Consent to Jurisdiction	  	 	17	 

 Schedule A - Schedule of Investors 

Schedule B - Schedule of Key Holders 

  
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 AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT 

THIS AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT (“Agreement”) is made as of April 26, 2018, by and among
Alector, Inc., a Delaware corporation (the “Company”), and each of the investors listed on Schedule A hereto, each of which is referred to in this Agreement as an “Investor”, and each of
the stockholders listed on Schedule B hereto, each of whom is referred to herein as a “Key Holder”. Capitalized terms used herein without definition shall, unless otherwise indicated, have the meaning
specified in the Company’s Certificate of Incorporation, as may be amended or restated from time to time. 
 RECITALS 

WHEREAS, the Company and certain of the Investors are parties to the Series E Preferred Stock Purchase Agreement of even date herewith
(the “Purchase Agreement”); 
 WHEREAS, the Company, certain of the Investors and Key Holders have previously
entered into that certain Registration Rights Agreement dated as of October 13, 2017 (the “Prior Agreement”); 

WHEREAS, the parties hereto constitute the requisite parties to amend and restate the Prior Agreement; and 

WHEREAS, to induce certain Investors to enter into the Purchase Agreement and purchase shares of Series E Preferred Stock thereunder,
the Company and the undersigned Investors and Key Holders desire to amend and restate the Prior Agreement and to accept the rights and obligations created pursuant hereto in lieu of the rights and obligations created under the Prior Agreement. 

NOW, THEREFORE, the parties hereby agree as follows: 

1. Definitions. For purposes of this Agreement: 

1.1 “Affiliate” means, with respect to any specified Person, any other Person who or which, directly or indirectly, controls,
is controlled by, or is under common control with such specified Person, including without limitation any general partner, officer, director, or manager of such Person and any venture capital fund now or hereafter existing that is controlled by one
or more general partners or managing members of, or shares the same management company with, such Person. 
 1.2 “Board of
Directors” means the Board of Directors of the Company. 
 1.3 “Damages” means any loss, damage, or liability
(joint or several) to which a party hereto may become subject under the Securities Act, the Exchange Act, or other federal or state law, insofar as such loss, damage, or liability (or any action in respect thereof) arises out of or is based upon:
(i) any untrue statement or alleged untrue statement of a material fact contained in any registration statement of the Company, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto;
(ii) an omission or alleged omission to state therein a material fact required to be stated therein, 

 
or necessary to make the statements therein not misleading; or (iii) any violation or alleged violation by the indemnifying party (or any of its agents or Affiliates) of the
Securities Act, the Exchange Act, any state securities law, or any rule or regulation promulgated under the Securities Act, the Exchange Act, or any state securities law. 

1.4 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated
thereunder. 
 1.5 “Excluded Registration” means: (i) a registration relating to the sale of securities to employees
of, or other individuals providing services to, the Company or a subsidiary pursuant to a stock option, stock purchase, or similar plan; (ii) a registration relating to an SEC Rule 145 transaction; (iii) a registration on any form that
does not include substantially the same information as would be required to be included in a registration statement covering the sale of the Registrable Securities; or (iv) a registration in which the only Common Stock being registered is
Common Stock issuable upon conversion of debt securities that are also being registered. 
 1.6 “Form S-1” means such registration form under the Securities Act as in effect on the date hereof or any successor registration form under the Securities Act subsequently adopted by the SEC. 

1.7 “Form S-3” means such registration form under the Securities Act as in
effect on the date hereof or any registration form under the Securities Act subsequently adopted by the SEC that permits incorporation of substantial information by reference to other documents filed by the Company with the SEC. 

1.8 “Holder” means any holder of Registrable Securities who is a party to this Agreement. 

1.9 “Immediate Family Member” means a child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law,
son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, of a natural person referred to herein. 

1.10 “Initiating Holders” means, collectively, Holders who properly initiate a registration request under this Agreement.

 1.11 “IPO” means the Company’s first underwritten public offering of its Common Stock under the Securities Act.

 1.12 “Key Holder Registrable Securities” means (i) the Common Stock now owned or subsequently acquired by the Key
Holders, and (ii) any Common Stock issued as (or issuable upon the conversion or exercise of any warrant, right, or other security that is issued as) a dividend or other distribution with respect to, or in exchange for or in replacement of such
stock. 
 1.13 “Person” means any individual, corporation, partnership, trust, limited liability company, association or
other entity. 

  
 2 

 1.14 “Preferred Registrable Securities” means Registrable Securities
exclusive of Key Holder Registrable Securities. 
 1.15 “Preferred Stock” means the Company’s Series A-1 Preferred Stock, Series A-2 Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock. 

1.16 “Registrable Securities” means: (i) any stock issued or issuable (directly or indirectly) upon
conversion and/or exercise of any other securities of the Company, acquired by the Investors prior to or after the date hereof; (ii) the Key Holder Registrable Securities, provided, however, that such Holders shall not be
deemed Holders for the purposes of Sections 2.10 and 3.6; and (iii) any Common Stock issued as (or issuable upon the conversion or exercise of any warrant, right, or other security that is issued as) a dividend
or other distribution with respect to, or in exchange for or in replacement of, the stock referenced in clause (i) above; excluding in all cases, however, any Registrable Securities sold by a Person in a transaction in which the applicable
rights under this Agreement are not assigned pursuant to Section 3.1, and excluding for purposes of Section 2 any stock for which registration rights have terminated pursuant to
Section 2.13 of this Agreement. 
 1.17 “Registrable Securities then outstanding” means the
number of shares of stock determined by adding the number of outstanding Common Stock that are Registrable Securities and the number of Common Stock issuable (directly or indirectly) pursuant to then exercisable and/or convertible securities that
are Registrable Securities. 
 1.18 “Requisite Holders” means Holders of a majority of the Registrable Securities then
outstanding that comprise shares of Common Stock issued or issuable upon the conversion of shares of Series A-1 Preferred Stock, Series A-2 Preferred Stock, Series B
Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock, together with any Common Stock issued as (or issuable upon the conversion or exercise of any warrant, right, or other security that is issued as)
a dividend or other distribution with respect to, or in exchange for, or in replacement of, the foregoing shares. 
 1.19
“Restricted Securities” means the securities of the Company required to bear the legend set forth in Section 2.12(b) hereof. 

1.20 “SEC” means the Securities and Exchange Commission. 

1.21 “SEC Rule 144” means Rule 144 promulgated by the SEC under the Securities Act. 

1.22 “SEC Rule 145” means Rule 145 promulgated by the SEC under the Securities Act. 

1.23 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 1.24 “Selling Expenses” means all underwriting discounts, selling commissions, and stock transfer taxes applicable to
the sale of Registrable Securities, and fees and disbursements of counsel for any Holder, except for the fees and disbursements of one counsel to the selling Holders borne and paid by the Company as provided in Section 2.6.

  
 3 

 1.25 “Securities Act” means the Securities Act of 1933, as amended, and the
rules and regulations promulgated thereunder. 
 1.26 “Series A-1 Preferred Stock”
means shares of the Company’s Series A-1 Preferred Stock, par value $0.0001 per share. 
 1.27
“Series A-2 Preferred Stock” means shares of the Company’s Series A-2 Preferred Stock, par value $0.0001 per share. 

1.28 “Series B Preferred Stock” means shares of the Company’s Series B Preferred Stock, par value $0.0001 per share.

 1.29 “Series C Preferred Stock” means shares of the Company’s Series C Preferred Stock, par value $0.0001 per
share. 
 1.30 “Series D Preferred Stock” means shares of the Company’s Series D Preferred Stock, par value $0.0001
per share. 
 1.31 “Series E Preferred Stock” means shares of the Company’s Series E Preferred Stock, par value
$0.0001 per share. 
 2. Registration Rights. The Company covenants and agrees as follows: 

2.1 Demand Registration. 

(a) Form S-1 Demand. If at any time after the earlier of (i) three (3) years after
the date of this Agreement or (ii) one hundred eighty (180) days after the effective date of the registration statement for the IPO, the Company receives a request from the Requisite Holders that the Company file a Form S-1 registration statement with respect to at least 25% of the Registrable Securities then outstanding (or a lesser percent for which the anticipated aggregate offering price, net of Selling Expenses, would
be at least $15 million), then the Company shall: (i) within ten (10) days after the date such request is given, give notice thereof (the “Demand Notice”) to all Holders other than the Initiating Holders; and (ii) as
soon as practicable, and in any event within sixty (60) days after the date such request is given by the Initiating Holders, file a Form S-1 registration statement under the Securities Act covering all
Registrable Securities that the Initiating Holders requested to be registered and any additional Registrable Securities requested to be included in such registration by any other Holders, as specified by notice given by each such Holder to the
Company within twenty (20) days of the date the Demand Notice is given, and in each case, subject to the limitations of Section 2.1(c) and Section 2.3. 

(b) Form S-3 Demand. If at any time when it is eligible to use a Form S-3 registration statement, the Company receives a request from Holders of at least thirty percent (30%) of the Preferred Registrable Securities then outstanding that the Company file a Form S-3 registration statement with respect to outstanding Registrable Securities for which the 

  
 4 

 
anticipated aggregate offering price, net of Selling Expenses, would be at least $3 million, then the Company shall: (i) within ten (10) days after the date such request is given,
give a Demand Notice to all Holders other than the Initiating Holders; and (ii) as soon as practicable, and in any event within sixty (60) days after the date such request is given by the Initiating Holders, file a Form S-3 registration statement under the Securities Act covering all Registrable Securities that the Initiating Holders requested to be registered and any additional Registrable Securities requested to be included in
such registration by any other Holders, as specified by notice given by each such Holder to the Company within twenty (20) days of the date the Demand Notice is given, and in each case, subject to the limitations of Section 2.1(c)
and Section 2.3. 
 (c) Notwithstanding the foregoing obligations, if the Company furnishes to Holders requesting a
registration pursuant to this Section 2.1 a certificate signed by the Company’s chief executive officer stating that in the good faith judgment of the Board of Directors it would be materially detrimental to the Company and its
stockholders for such registration statement to either become effective or remain effective for as long as such registration statement otherwise would be required to remain effective, because such action would (i) materially interfere
with a significant acquisition, corporate reorganization, or other similar transaction involving the Company; (ii) require premature disclosure of material information that the Company has a bona fide business purpose for preserving as
confidential; or (iii) render the Company unable to comply with requirements under the Securities Act or Exchange Act, then the Company shall have the right to defer taking action with respect to such filing for a period of not more than
sixty (60) days after the request of the Initiating Holders is given; provided, however, that the Company may not invoke this right more than once in any twelve (12) month period; and provided further that the
Company shall not register any securities for its own account or that of any other Holder during such sixty (60) day period other than pursuant to a registration relating to the sale of securities to employees of the Company or a
subsidiary pursuant to a stock option, stock purchase, or similar plan; a registration on any form that does not include substantially the same information as would be required to be included in a registration statement covering the sale of the
Registrable Securities; or a registration in which the only Common Stock being registered are Common Stock issuable upon conversion of debt securities that are also being registered. 

(d) The Company shall not be obligated to effect, or to take any action to effect, any registration pursuant to Section 2.1(a):
(i) during the period that is sixty (60) days before the Company’s good faith estimate of the date of filing of, and ending on a date that is one hundred eighty (180) days after the effective date of, a
Company-initiated registration, provided, that the Company is actively employing in good faith commercially reasonable efforts to cause such registration statement to become effective; (ii) after the Company has effected two
(2) registrations pursuant to Section 2.1(a); or (iii) if the Initiating Holders propose to dispose of Registrable Securities that may be immediately registered on Form S-3
pursuant to a request made pursuant to Section 2.1(b). The Company shall not be obligated to effect, or to take any action to effect, any registration pursuant to Section 2.1(b): (A) during the period that is thirty
(30) days before the Company’s good faith estimate of the date of filing of, and ending on a date that is ninety (90) days after the effective date of, a Company-initiated registration, provided, that the Company is actively employing
in good faith commercially reasonable efforts to cause such registration statement to become effective; or (B) if the Company has effected two registrations pursuant to Section 2.1(b) within the twelve (12) month period
immediately 

  
 5 

 
preceding the date of such request. A registration shall not be counted as “effected” for purposes of this Section 2.1(d) until such time as the applicable registration
statement has been declared effective by the SEC, unless the Initiating Holders withdraw their request for such registration, elect not to pay the registration expenses therefor, and forfeit their right to one demand registration statement pursuant
to Section 2.6, in which case such withdrawn registration statement shall be counted as “effected” for purposes of this Section 2.1(d).  

2.2 Company Registration. If the Company proposes to register (including, for this purpose, a registration effected by the Company for
stockholders other than the Holders) any of its securities under the Securities Act in connection with the public offering of such securities solely for cash (other than in an Excluded Registration), the Company shall, at such time, promptly give
each Holder notice of such registration. Upon the request of each Holder given within twenty (20) days after such notice is given by the Company, the Company shall, subject to the provisions of Section 2.3, cause to be
registered all of the Registrable Securities that each such Holder has requested to be included in such registration. The Company shall have the right to terminate or withdraw any registration initiated by it under this Section 2.2
before the effective date of such registration, whether or not any Holder has elected to include Registrable Securities in such registration. The expenses (other than Selling Expenses) of such withdrawn registration shall be borne by the Company in
accordance with Section 2.6. 
 2.3 Underwriting Requirements. 

(a) If, pursuant to Section 2.1, the Initiating Holders intend to distribute the Registrable Securities covered by
their request by means of an underwriting, they shall so advise the Company as a part of their request made pursuant to Section 2.1, and the Company shall include such information in the Demand Notice. The underwriter(s) will be selected
by the Company and shall be reasonably acceptable to a majority in interest of the Initiating Holders. In such event, the right of any Holder to include such Holder’s Registrable Securities in such registration shall be conditioned upon such
Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute their securities through such underwriting shall
(together with the Company as provided in Section 2.4(e)) enter into an underwriting agreement in customary form with the underwriter(s) selected for such underwriting. Notwithstanding any other provision of this Section 2.3,
if the managing underwriter(s) advise(s) the Initiating Holders in writing that marketing factors require a limitation on the number of shares to be underwritten, then the Initiating Holders shall so advise all Holders of Registrable Securities that
otherwise would be underwritten pursuant hereto, and the number of Registrable Securities that may be included in the underwriting shall be allocated among such Holders of Registrable Securities, including the Initiating Holders, in proportion (as
nearly as practicable) to the number of Registrable Securities owned by each Holder or in such other proportion as shall mutually be agreed to by all such selling Holders; provided, however, that the number of Registrable Securities held by
the Holders to be included in such underwriting shall not be reduced unless all other securities are first entirely excluded from the underwriting. To facilitate the allocation of shares in accordance with the above provisions, the Company or the
underwriters may round the number of shares allocated to any Holder to the nearest one hundred (100) shares. 

  
 6 

 (b) In connection with any offering involving an underwriting of the securities of the
Company pursuant to Section 2.2, the Company shall not be required to include any of the Holders’ Registrable Securities in such underwriting unless the Holders accept the terms of the underwriting as agreed upon between the Company
and its underwriters, and then only in such quantity as the underwriters in their sole discretion determine will not jeopardize the success of the offering by the Company. If the total number of securities, including Registrable Securities,
requested by stockholders to be included in such offering exceeds the number of securities to be sold (other than by the Company) that the underwriters in their reasonable discretion determine is compatible with the success of the offering, then the
Company shall be required to include in the offering only that number of such securities, including Registrable Securities, which the underwriters and the Company in their sole discretion determine will not jeopardize the success of the offering. If
the underwriters determine that less than all of the Registrable Securities requested to be registered can be included in such offering, then the Registrable Securities that are included in such offering shall be allocated among the selling Holders
in proportion (as nearly as practicable to) the number of Registrable Securities owned by each selling Holder or in such other proportions as shall mutually be agreed to by all such selling Holders. To facilitate the allocation of shares in
accordance with the above provisions, the Company or the underwriters may round the number of shares allocated to any Holder to the nearest one hundred (100) shares. Notwithstanding the foregoing, in no event shall (i) the
number of Registrable Securities included in the offering be reduced unless all other securities (other than securities to be sold by the Company) are first entirely excluded from the offering, (ii) the number of Registrable Securities
included in the offering be reduced below thirty percent (30%) of the total number of securities included in such offering, unless such offering is the IPO, in which case the selling Holders may be excluded further if the underwriters make the
determination described above and no other stockholder’s securities are included in such offering, or (iii) notwithstanding (ii) above, any Preferred Registrable Securities be excluded from underwriting unless all Key Holder
Registrable Securities are first excluded from such offering. For purposes of the provisions in this Section 2.3(b) and Section 2.3(a) concerning apportionment, for any selling Holder that is a partnership, limited liability
company, or corporation, the partners, members, retired partners, retired members, members, and Affiliates of such Holder, or the estates and Immediate Family Members of any such partners, retired partners, members, and retired members and any
trusts for the benefit of any of the foregoing Persons, shall be deemed to be a single “selling Holder,” and any pro rata reduction with respect to such “selling Holder” shall be based upon the aggregate number of Registrable
Securities owned by all Persons included in such “selling Holder,” as defined in this sentence. 
 (c) For purposes of
Section 2.1, a registration shall not be counted as “effected” if, as a result of an exercise of the underwriter’s cutback provisions in Section 2.3(a), fewer than fifty percent (50%) of the total number of
Registrable Securities that Holders have requested to be included in such registration statement are actually included. 

  
 7 

 2.4 Obligations of the Company. Whenever required under this Section 2 to
effect the registration of any Registrable Securities, the Company shall, as expeditiously as reasonably possible: 
 (a) prepare and file
with the SEC a registration statement with respect to such Registrable Securities and use its commercially reasonable efforts to cause such registration statement to become effective and, upon the request of the Holders of a majority of the
Registrable Securities registered thereunder, keep such registration statement effective for a period of up to one hundred twenty (120) days or, if earlier, until the distribution contemplated in the registration statement has been
completed; provided, however, that (i) such one hundred twenty (120) day period shall be extended for a period of time equal to the period the Holder refrains, at the request of an underwriter of Common Stock (or other
securities) of the Company, from selling any securities included in such registration, and (ii) in the case of any registration of Registrable Securities on Form S-3 that are intended to be offered
on a continuous or delayed basis, subject to compliance with applicable SEC rules, such one hundred twenty (120) day period shall be extended for up to sixty (60) days, if necessary, to keep the registration statement
effective until all such Registrable Securities are sold; 
 (b) prepare and file with the SEC such amendments and supplements to such
registration statement, and the prospectus used in connection with such registration statement, as may be necessary to comply with the Securities Act in order to enable the disposition of all securities covered by such registration statement; 

(c) furnish to the selling Holders such numbers of copies of a prospectus, including a preliminary prospectus, as required by the Securities
Act, and such other documents as the Holders may reasonably request in order to facilitate their disposition of their Registrable Securities; 

(d) use its commercially reasonable efforts to register and qualify the securities covered by such registration statement under other
securities or blue-sky laws of such jurisdictions as shall be reasonably requested by the selling Holders; provided that the Company shall not be required to qualify to do business in any such states or
jurisdictions, except as may be required by the Securities Act; 
 (e) in the event of any underwritten public offering, enter into and
perform its obligations under an underwriting agreement, in usual and customary form, with the underwriter(s) of such offering; 
 (f) use
its commercially reasonable efforts to cause all such Registrable Securities covered by such registration statement to be listed on a national securities exchange or trading system and each securities exchange and trading system (if any) on which
similar securities issued by the Company are then listed; 
 (g) provide a transfer agent and registrar for all Registrable Securities
registered pursuant to this Agreement and provide a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration; 

(h) promptly make available for inspection by the selling Holders, any managing underwriter(s) participating in any disposition pursuant to
such registration statement, and any attorney or accountant or other agent retained by any such underwriter or selected by the selling Holders, all financial and other records, pertinent limited liability company documents, and properties of the
Company, and cause the Company’s officers, directors, employees, and independent accountants to supply all information reasonably requested by any such seller, underwriter, attorney, accountant, or agent, in each case, as necessary or advisable
to verify the accuracy of the information in such registration statement and to conduct appropriate due diligence in connection therewith; 

  
 8 

 (i) notify each selling Holder, promptly after the Company receives notice thereof, of the
time when such registration statement has been declared effective or a supplement to any prospectus forming a part of such registration statement has been filed; and 

(j) after such registration statement becomes effective, notify each selling Holder of any request by the SEC that the Company amend or
supplement such registration statement or prospectus. 
 2.5 Furnish Information. It shall be a condition precedent to the
obligations of the Company to take any action pursuant to this Section 2 with respect to the Registrable Securities of any selling Holder that such Holder shall furnish to the Company such information regarding itself, the Registrable
Securities held by it, and the intended method of disposition of such securities as is reasonably required to effect the registration of such Holder’s Registrable Securities. 

2.6 Expenses of Registration. All expenses (other than Selling Expenses) incurred in connection with registrations, filings, or
qualifications pursuant to Section 2, including all registration, filing, and qualification fees; printers’ and accounting fees; fees and disbursements of counsel for the Company; and the reasonable fees and disbursements, not to
exceed $50,000, of one counsel for the selling Holders, shall be borne and paid by the Company; provided, however, that the Company shall not be required to pay for any expenses of any registration proceeding begun pursuant to
Section 2.1 if the registration request is subsequently withdrawn at the request of the Requisite Holders to be registered (in which case all selling Holders shall bear such expenses pro rata based upon the number of
Registrable Securities that were to be included in the withdrawn registration), unless the Requisite Holders agree to forfeit their right to one registration pursuant to Section 2.1(a) or Section 2.1(b),
as the case may be; provided further that if, at the time of such withdrawal, the Holders have learned of a material adverse change in the condition, business, or prospects of the Company from that known to the Holders at the time of their
request and have withdrawn the request with reasonable promptness after learning of such information, then the Holders shall not be required to pay any of such expenses and shall not forfeit their right to one registration pursuant to
Section 2.1(a) or Section 2.1(b). All Selling Expenses relating to Registrable Securities registered pursuant to this Section 2 shall be borne and paid by the Holders pro rata on the basis of the number of
Registrable Securities registered on their behalf. 
 2.7 Delay of Registration. No Holder shall have any right to obtain or seek an
injunction restraining or otherwise delaying any registration pursuant to this Agreement as the result of any controversy that might arise with respect to the interpretation or implementation of this Section 2. 

  
 9 

 2.8 Indemnification. If any Registrable Securities are included in a registration
statement under this Section 2: 
 (a) To the extent permitted by law, the Company will indemnify and hold harmless: each
selling Holder, and the partners, members, officers, directors, and members of each such Holder; legal counsel and accountants for each such Holder; any underwriter (as defined in the Securities Act) for each such Holder; and each Person, if any,
who controls such Holder or underwriter within the meaning of the Securities Act or the Exchange Act, against any Damages, and the Company will pay to each such Holder, underwriter, controlling Person, or other aforementioned Person any legal or
other expenses reasonably incurred thereby in connection with investigating or defending any claim or proceeding from which Damages may result, as such expenses are incurred; provided, however, that the indemnity agreement contained in this
Section 2.8(a) shall not apply to amounts paid in settlement of any such claim or proceeding if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld, nor shall the Company be
liable for any Damages to the extent that they arise out of or are based upon actions or omissions made in reliance upon and in conformity with written information furnished by or on behalf of any such Holder, underwriter, controlling Person, or
other aforementioned Person expressly for use in connection with such registration. 
 (b) To the extent permitted by law, each selling
Holder, severally and not jointly, will indemnify and hold harmless the Company, and each of its directors, each of its officers who has signed the registration statement, each Person (if any), who controls the Company within the meaning of the
Securities Act, legal counsel and accountants for the Company, any underwriter (as defined in the Securities Act), any other Holder selling securities in such registration statement, and any controlling Person of any such underwriter or other
Holder, against any Damages, in each case only to the extent that such Damages arise out of or are based upon actions or omissions made in reliance upon and in conformity with written information furnished by or on behalf of such selling Holder
expressly for use in connection with such registration; and each such selling Holder will pay to the Company and each other aforementioned Person any legal or other expenses reasonably incurred thereby in connection with investigating or defending
any claim or proceeding from which Damages may result, as such expenses are incurred; provided, however, that the indemnity agreement contained in this Section 2.8(b) shall not apply to amounts paid in settlement of any such claim
or proceeding if such settlement is effected without the consent of the Holder, which consent shall not be unreasonably withheld; and provided further that in no event shall the aggregate amounts payable by any Holder by way of indemnity or
contribution under this Section 2.8(b) exceed the proceeds from the offering received by such Holder (net of any Selling Expenses paid by such Holder), except in the case of fraud or willful misconduct by such Holder. 

(c) Promptly after receipt by an indemnified party under this Section 2.8 of notice of the commencement of any action (including
any governmental action) for which a party may be entitled to indemnification hereunder, such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 2.8, give the
indemnifying party notice of the commencement thereof. The indemnifying party shall have the right to participate in such action and, to the extent the indemnifying party so desires, participate jointly with any other indemnifying party to which
notice has been given, and to 

  
 10 

 
assume the defense thereof with counsel mutually satisfactory to the parties; provided, however, that an indemnified party (together with all other indemnified parties that may be
represented without conflict by one counsel) shall have the right to retain one separate counsel, with the fees and expenses to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained by the
indemnifying party would be inappropriate due to actual or potential differing interests between such indemnified party and any other party represented by such counsel in such action. The failure to give notice to the indemnifying party within a
reasonable time of the commencement of any such action shall relieve such indemnifying party of any liability to the indemnified party under this Section 2.8 to the extent that such failure materially prejudices the indemnifying
party’s ability to defend such action. The failure to give notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this Section 2.8. 

(d) Notwithstanding anything else herein to the contrary, the foregoing indemnity agreements of the Company and the selling
Holders are subject to the condition that, insofar as they relate to any Damages arising from any untrue statement or alleged untrue statement of a material fact contained in, or omission or alleged omission of a material fact from, a preliminary
prospectus (or necessary to make the statements therein not misleading) that has been corrected in the form of prospectus included in the registration statement at the time it becomes effective, or any amendment or supplement thereto filed with the
SEC pursuant to Rule 424(b) under the Securities Act (the “Final Prospectus”), such indemnity agreement shall not inure to the benefit of any Person if a copy of the Final Prospectus was furnished to the indemnified party and such
indemnified party failed to deliver, at or before the confirmation of the sale of the shares registered in such offering, a copy of the Final Prospectus to the Person asserting the loss, liability, claim, or damage in any case in which such delivery
was required by the Securities Act. 
 (e) To provide for just and equitable contribution to joint liability under the Securities Act in
any case in which either (i) any party otherwise entitled to indemnification hereunder makes a claim for indemnification pursuant to this Section 2.8 but it is judicially determined (by the entry of a final judgment or decree
by a court of competent jurisdiction and the expiration of time to appeal or the denial of the last right of appeal) that such indemnification may not be enforced in such case, notwithstanding the fact that this Section 2.8 provides for
indemnification in such case, or (ii) contribution under the Securities Act may be required on the part of any party hereto for which indemnification is provided under this Section 2.8, then, and in each such case, such
parties will contribute to the aggregate losses, claims, damages, liabilities, or expenses to which they may be subject (after contribution from others) in such proportion as is appropriate to reflect the relative fault of each of the indemnifying
party and the indemnified party in connection with the statements, omissions, or other actions that resulted in such loss, claim, damage, liability, or expense, as well as to reflect any other relevant equitable considerations. The relative fault of
the indemnifying party and of the indemnified party shall be determined by reference to, among other things, whether the untrue or allegedly untrue statement of a material fact, or the omission or alleged omission of a material fact, relates to
information supplied by the indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission; provided, however, that, in
any such case, (x) no Holder will be required to contribute any amount in excess of the public offering price of all such 

  
 11 

 
Registrable Securities offered and sold by such Holder pursuant to such registration statement, and (y) no Person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) will be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation; and provided further that in no event shall a Holder’s liability pursuant to this
Section 2.8(e), when combined with the amounts paid or payable by such Holder pursuant to Section 2.8(b), exceed the proceeds from the offering received by such Holder (net of any Selling Expenses paid by such Holder), except
in the case of willful misconduct or fraud by such Holder. 
 (f) Notwithstanding the foregoing, to the extent that the provisions on
indemnification and contribution contained in the underwriting agreement entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall control. 

(g) Unless otherwise superseded by an underwriting agreement entered into in connection with the underwritten public offering, the
obligations of the Company and Holders under this Section 2.8 shall survive the completion of any offering of Registrable Securities in a registration under this Section 2, and otherwise shall survive the termination of this
Agreement. 
 2.9 Reports Under Exchange Act. With a view to making available to the Holders the benefits of SEC Rule 144 and any
other rule or regulation of the SEC that may at any time permit a Holder to sell securities of the Company to the public without registration or pursuant to a registration on Form S-3, the Company shall: 

(a) make and keep available adequate current public information, as those terms are understood and defined in SEC Rule 144, at all times after
the effective date of the registration statement filed by the Company for the IPO; 
 (b) use commercially reasonable efforts to file with
the SEC in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act (at any time after the Company has become subject to such reporting requirements); and 

(c) furnish to any Holder, so long as the Holder owns any Registrable Securities, forthwith upon request: (i) to the extent accurate, a
written statement by the Company that it has complied with the reporting requirements of SEC Rule 144 (at any time after ninety (90) days after the effective date of the registration statement filed by the Company for the IPO), the
Securities Act, and the Exchange Act (at any time after the Company has become subject to such reporting requirements), or that it qualifies as a registrant whose securities may be resold pursuant to Form S-3
(at any time after the Company so qualifies); (ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company; and (iii) such other information as may be
reasonably requested in availing any Holder of any rule or regulation of the SEC that permits the selling of any such securities without registration (at any time after the Company has become subject to the reporting requirements under the Exchange
Act) or pursuant to Form S-3 (at any time after the Company so qualifies to use such form). 

  
 12 

 2.10 Limitations on Subsequent Registration Rights. From and after the date of this
Agreement, the Company shall not, without the prior written consent of the Requisite Holders, enter into any agreement with any holder or prospective holder of any securities of the Company that would allow such holder or prospective holder
(i) to include such securities in any registration unless, under the terms of such agreement, such holder or prospective holder may include such securities in any such registration only to the extent that the inclusion of such securities
will not reduce the number of the Registrable Securities of the Holders that are included or (ii) to initiate a demand registration of any securities held by such holder or prospective holder. 

2.11 “Market Stand-off” Agreement. Each Holder hereby
agrees that it will not, without the prior written consent of the managing underwriter, during the period commencing on the date of the final prospectus relating to the IPO, and ending on the date specified by the Company and the managing
underwriter (such period not to exceed one hundred eighty (180) days, or such other period as may be reasonably requested by the Company or an underwriter to accommodate regulatory restrictions on (1) the publication or other
distribution of research reports and (2) analyst recommendations and opinions, including, but not limited to, the restrictions contained in FINRA Rule 2711(f)(4) or NYSE Rule 472(f)(4), or any successor provisions or amendments thereto),
(i) lend, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right, or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly,
any Common Stock or any securities convertible into or exercisable or exchangeable (directly or indirectly) for Common Stock held immediately before the effective date of the registration statement for such offering or (ii) enter into
any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of such securities, whether any such transaction described in clause (i) or (ii) above is to be settled by
delivery of Common Stock or other securities, in cash, or otherwise. The foregoing provisions of this Section 2.11 shall not apply to the sale of any shares to an underwriter pursuant to an underwriting agreement, and shall
be applicable to the Holders of Preferred Registrable Securities only if all officers, directors and stockholders individually owning more than one percent (1%) of the outstanding Common Stock (after giving effect to conversion into Common Stock of
all outstanding Preferred Stock) are subject to the same restrictions. The underwriters in connection with such registration are intended third party beneficiaries of this Section 2.11 and shall have the right, power, and authority to
enforce the provisions hereof as though they were a party hereto. Each Holder further agrees to execute such agreements as may be reasonably requested by the underwriters in connection with such registration that are consistent with this
Section 2.11 or that are necessary to give further effect thereto. Any discretionary waiver or termination of the restrictions of any or all of such agreements by the Company or the underwriters shall apply pro rata to all Holders of
Preferred Registrable Securities subject to such agreements, based on the number of shares subject to such agreements. 
 2.12
Restrictions on Transfer. 
 (a) The Preferred Stock and the Registrable Securities shall not be sold, pledged, or otherwise
transferred, and the Company shall not recognize any such sale, pledge, or transfer, except upon the conditions specified in this Agreement, which conditions are intended to ensure compliance with the provisions of the Securities Act. A transferring
Holder will cause any proposed purchaser, pledgee, or transferee of the Preferred Stock and the Registrable Securities held by such Holder to agree to take and hold such securities subject to the provisions and upon the conditions specified in this
Agreement. 

  
 13 

 (b) Each certificate or instrument representing (i) the Preferred Stock,
(ii) the Registrable Securities, and (iii) any other securities issued in respect of the securities referenced in clauses (i) and (ii), upon any stock split, stock dividend, recapitalization, merger,
consolidation, or similar event, shall (unless otherwise permitted by the provisions of Section 2.12(c)) be stamped or otherwise imprinted with a legend substantially in the following form: 

THE SECURITIES REPRESENTED HEREBY HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. SUCH STOCK
MAY NOT BE SOLD, PLEDGED, OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR A VALID EXEMPTION FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SAID ACT. 

THE SECURITIES REPRESENTED HEREBY MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF AN AGREEMENT BETWEEN THE COMPANY AND THE HOLDERS, A
COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY. 
 The Holders consent to the Company making a notation in its records and giving instructions
to any transfer agent of the Restricted Securities in order to implement the restrictions on transfer set forth in this Section 2.12. 

(c) The holder of each certificate representing Restricted Securities, by acceptance thereof, agrees to comply in all respects with the
provisions of this Section 2. Before any proposed sale, pledge, or transfer of any Restricted Securities, unless there is in effect a registration statement under the Securities Act covering the proposed transaction, the Holder thereof
shall give notice to the Company of such Holder’s intention to effect such sale, pledge, or transfer. Each such notice shall describe the manner and circumstances of the proposed sale, pledge, or transfer in sufficient detail and, if reasonably
requested by the Company, shall be accompanied at such Holder’s expense by either: (i) a written opinion of legal counsel who shall, and whose legal opinion shall, be reasonably satisfactory to the Company, addressed to the Company,
to the effect that the proposed transaction may be effected without registration under the Securities Act; (ii) a “no action” letter from the SEC to the effect that the proposed sale, pledge, or transfer of such Restricted
Securities without registration will not result in a recommendation by the staff of the SEC that action be taken with respect thereto; or (iii) any other evidence reasonably satisfactory to counsel to the Company to the effect that the
proposed sale, pledge, or transfer of the Restricted Securities may be effected without registration under the Securities Act, whereupon the Holder of such Restricted Securities shall be entitled to sell, pledge, or transfer such Restricted
Securities in accordance with the terms of the notice given by the Holder to the Company. The Company will not require such a legal opinion or “no action” letter (x) in any transaction in compliance with SEC Rule 144 or
(y) in any transaction in which such Holder distributes Restricted Securities to an Affiliate of such Holder for no consideration; 

  
 14 

 
provided that each transferee agrees in writing to be subject to the terms of this Section 2.12. Each certificate or instrument evidencing the Restricted Securities transferred as
above provided shall bear, except if such transfer is made pursuant to SEC Rule 144, the appropriate restrictive legend set forth in Section 2.12(b), except that such certificate shall not bear such restrictive legend if, in
the opinion of counsel for such Holder and the Company, such legend is not required in order to establish compliance with any provisions of the Securities Act. 

2.13 Termination of Registration Rights. The right of any Holder to request registration or inclusion of Registrable Securities in any
registration pursuant to Section 2.1 or Section 2.2 shall terminate upon the earlier to occur of: 
 (a) the closing
of a Deemed Liquidation Event; and 
 (b) on the fifth (5th) anniversary of the IPO.

 3. Miscellaneous. 

3.1 Successors and Assigns. The rights under this Agreement may be assigned (but only with all related obligations) by a
Holder to a transferee of Registrable Securities that: (i) is an Affiliate, partner, member, limited partner, retired partner, retired member, or member of a Holder; (ii) is a Holder’s Immediate Family Member or trust
for the benefit of an individual Holder or one or more of such Holder’s Immediate Family Members; or (iii) after such transfer, holds at least 500,000 shares of Registrable Securities (subject to appropriate adjustment for stock
splits, stock dividends, combinations, and other recapitalizations); provided, however, that (x) the Company is, within a reasonable time after such transfer, furnished with written notice of the name and address of such transferee and
the Registrable Securities with respect to which such rights are being transferred; and (y) such transferee agrees in a written instrument delivered to the Company to be bound by and subject to the terms and conditions of this Agreement,
including the provisions of Section 2.11. For the purposes of determining the number of shares of Registrable Securities held by a transferee, the holdings of a transferee: (1) that is an Affiliate, limited partner, retired
partner, member, retired member, or member of a Holder; (2) who is a Holder’s Immediate Family Member; or (3) that is a trust for the benefit of an individual Holder or such Holder’s Immediate Family Member shall be
aggregated together and with those of the transferring Holder; provided further that all transferees who would not qualify individually for assignment of rights shall have a single attorney-in-fact for the purpose of exercising any rights, receiving
notices, or taking any action under this Agreement. The terms and conditions of this Agreement inure to the benefit of and are binding upon the respective successors and permitted assignees of the parties. Nothing in this Agreement, express or
implied, is intended to confer upon any party other than the parties hereto or their respective successors and permitted assignees any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided
herein. 
 3.2 Governing Law. This Agreement and any controversy arising out of or relating to this Agreement shall be governed by,
and construed in accordance with, the laws of the State of Delaware, without giving effect to any principles of conflicts of law that would require the application of the laws of any other jurisdiction. 

  
 15 

 3.3 Counterparts; Facsimile. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. This Agreement may also be executed and delivered by facsimile signature and in two or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 3.4 Titles and Subtitles. The
titles and subtitles used in this Agreement are for convenience only and are not to be considered in construing or interpreting this Agreement. 

3.5 Notices. All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed
effectively given: (a) upon personal delivery to the party to be notified, (b) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the recipient, and if not so confirmed, then on the
next business day, (c) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) business day after deposit with a nationally
recognized overnight courier, specifying next business day delivery, with written verification of receipt. All communications shall be sent to the respective parties at their address as set forth on Schedule A hereto,
Schedule B hereto, or to the principal office of the Company and to the attention of the Chief Executive Officer, in the case of the Company, or to such email address, facsimile number, or address as subsequently modified by
written notice given in accordance with this Section 3.5. If notice is given to the Company, a copy (which shall not constitute notice) shall also be sent to Kingsley L. Taft, Esq., Goodwin Procter LLP, 100 Northern Avenue, Boston, MA
02210, email: ktaft@goodwinlaw.com. 
 3.6 Amendments and Waivers. Any term of this Agreement may be amended and the observance of
any term of this Agreement may be waived (either generally or in a particular instance, and either retroactively or prospectively) only with the written consent of the Company and the Requisite Holders; provided that the Company may in its
sole discretion waive compliance with Section 2.12(c) (and the Company’s failure to object promptly in writing after notification of a proposed assignment allegedly in violation of Section 2.12(c) shall be deemed to be a
waiver); and provided further that any provision hereof may be waived by any waiving party on such party’s own behalf, without the consent of any other party. Notwithstanding the foregoing, this Agreement may not be amended or terminated and
the observance of any term hereof may not be waived with respect to any Investor without the written consent of such Investor, unless such amendment, termination, or waiver applies to all Investors in the same fashion. Further, this Agreement may
not be amended, and no provision hereof may be waived, in each case, in any way which would adversely affect the rights of the Key Holders hereunder in a manner disproportionate to any adverse effect such amendment or waiver would have on the rights
of the Investors hereunder, without also the written consent of the holders of at least a majority of the Key Holder Registrable Securities which shall not be unreasonable withheld, conditioned or delayed. The Company shall give prompt notice of any
amendment or termination hereof or waiver hereunder to any party hereto that did not consent in writing to such amendment, termination, or waiver. Any amendment, termination, or waiver effected in accordance with this
Section 3.6 shall be binding on all parties hereto, regardless of whether any such party has consented thereto. No waivers of or exceptions to any term, condition, or provision of this Agreement, in any one or more
instances, shall be deemed to be or construed as a further or continuing waiver of any such term, condition, or provision. 

  
 16 

 3.7 Severability. In case any one or more of the provisions contained in this
Agreement is for any reason held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of this Agreement, and such invalid, illegal, or unenforceable provision
shall be reformed and construed so that it will be valid, legal, and enforceable to the maximum extent permitted by law. 
 3.8
Aggregation of Shares. All Registrable Securities held or acquired by Affiliates shall be aggregated together for the purpose of determining the availability of any rights under this Agreement. 

3.9 Entire Agreement. This Agreement (including any Schedules and Exhibits hereto) constitutes the full and entire understanding and
agreement among the parties with respect to the subject matter hereof, and any other written or oral agreement relating to the subject matter hereof existing between the parties is expressly canceled. 

3.10 Delays or Omissions. Except as set forth in Section 3.6 with respect to the Company’s failure to object promptly
in writing after notification of a proposed assignment allegedly in violation of Section 2.12(c), no delay or omission to exercise any right, power, or remedy accruing to any party under this Agreement, upon any breach or default of any
other party under this Agreement, shall impair any such right, power, or remedy of such nonbreaching or nondefaulting party, nor shall it be construed to be a waiver of or acquiescence to any such breach or default, or to any similar breach or
default thereafter occurring, nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring. All remedies, whether under this Agreement or by law or otherwise afforded to
any party, shall be cumulative and not alternative. 
 3.11 Prior Agreement Superseded. Pursuant to Section 3.6 of the Prior
Agreement, the undersigned parties who are parties to such Prior Agreement hereby amend and restate the Prior Agreement to read in its entirety as set forth in this Agreement, all with the intent and effect that the Prior Agreement shall hereby be
terminated and entirely replaced and superseded by this Agreement. 
 3.12 Consent to Jurisdiction. For any action brought by a Key
Holder or Investor against the Company, or by the Company against any Key Holder or Investor, each of the parties hereto hereby consents to the non-exclusive jurisdiction of the courts of the State of
California in connection with any matter or dispute arising under this Agreement regarding the affairs of the Company. 
 [REMAINDER OF
PAGE INTENTIONALLY LEFT BLANK] 

  
 17 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written
above. 
  

			
	COMPANY:
	
	ALECTOR, INC.
		
	By:	 	/s/ Arnon Rosenthal
	Name:	 	Arnon Rosenthal
	Title:	 	President and CEO

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	INVESTORS:
	
	PVP VI (AIV) FEEDER CORP. HOLDING PARTNERSHIP, L.P.
		
	By:	 	Polaris Venture Management Co. VI, L.L.C.
		 	Its General Partner
		
	By:	 	/s/ Max Eisenberg
	Name:	 	Max Eisenberg
	Title:	 	Attorney-in-fact

  

			
	POLARIS VENTURE PARTNERS VI (AIV), L.P.
		
	By:	 	Polaris Venture Management Co. VI, L.L.C.
		 	Its General Partner
		
	By:	 	/s/ Max Eisenberg
	Name:	 	Max Eisenberg
	Title:	 	Attorney-in-fact

  

			
	POLARIS VENTURE PARTNERS VI, L.P.
		
	By:	 	Polaris Venture Management Co. VI, L.L.C.
		 	Its General Partner
		
	By:	 	/s/ Max Eisenberg
	Name:	 	Max Eisenberg
	Title:	 	Attorney-in-fact

  

			
	POLARIS VENTURE PARTNERS FOUNDERS’ FUND VI, L.P.
		
	By:	 	Polaris Venture Management Co. VI, L.L.C.
		 	Its General Partner
		
	By:	 	/s/ Max Eisenberg
	Name:	 	Max Eisenberg
	Title:	 	Attorney-in-fact

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	 INVESTORS:

	
	ORBIMED PRIVATE INVESTMENTS IV—AL
	(FEEDER), LP
		
	By:	 	OrbiMed Capital GP IV LLC, its General Partner
		
	By:	 	OrbiMed Advisors LLC, its Managing Member
		
	By:	 	/s/ Carl Gordon
	Name:	 	Carl Gordon
	Title:	 	Member
	
	ORBIMED PRIVATE INVESTMENTS IV—AL, LP
		
	By:	 	OrbiMed Capital GP IV LLC, its General Partner
		
	By:	 	OrbiMed Advisors LLC, its Managing Member
		
	By:	 	/s/ Carl Gordon
	Name:	 	Carl Gordon
	Title:	 	Member

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	 INVESTORS:
  

DEMENTIA DISCOVERY, L.P.

		
	By:	 	Dementia Discovery GP, LP, its sole General Partner
		
	By:	 	Dementia Discovery General Partner, LLP,
		 	its sole General Partner
		
	By:	 	/s/ Nick Coleman
	Name:	 	Nick Coleman
	Title:	 	Member
	
	DDF PARALLEL LLP
		
	By:	 	Dementia Discovery General Partner LLP,
		 	Its Managing Member
		
	By:	 	/s/ Nick Coleman
	Name:	 	Nick Coleman
	Title:	 	Member

 [Signature Page to Series E Registration Rights Agreement] 

			
	INVESTORS:
	
	GV 2014, L.P.
	By:	 	GV 2014 GP, L.L.C., its General Partner
		
	By:	 	/s/ Daphne M. Chang
	Name:	 	Daphne M. Chang
	Title:	 	Authorized Signatory
	
	GV 2017, L.P.
	By:	 	GV 2017 GP, L.P., its General Partner
	By:	 	GV 2017 GP, L.L.C., its General Partner
		
	By:	 	/s/ Daphne M. Chang
	Name:	 	Daphne M. Chang
	Title:	 	Authorized Signatory

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	INVESTORS:
	
	TOPSPIN BIOTECH FUND II, LP
	By:	 	L.G. MANAGEMENT, LLC,
	its General Partner
		
	By:	 	/s/ Steven J. Winick
	Name:	 	Steven J. Winick
	Title:	 	Managing Director

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	INVESTORS:
	
	BANNER LLC
		
	By:	 	/s/ Joseph Cosmai
	Name:	 	Joseph Cosmai
	Title:	 	Vice President
	Name:	 	
	Title:	 	

 
			
	
	SYMMETRY GROUP LTD.
		
	By:	 	/s/ Joseph Cosmai
	Name:	 	Joseph Cosmai
	Title:	 	Vice President and Treasurer

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	
	INVESTORS:
	
	MISSION BAY CAPITAL II, LP
		
	By:	 	/s/ Douglas Crawford
	Name:	 	Douglas Crawford
	Title:	 	Managing Director

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	
	INVESTORS:
	
	AMGEN VENTURES LLC
		
	By:	 	/s/ David W. Meline
	Name:	 	David W. Meline
	Title:	 	Executive Vice President and
Chief Financial Officer

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	
	INVESTORS:
	
	ABBVIE INC.
		
	By:	 	/s/ [illegible]
	Name:	 	[illegible]
	Title:	 	

 
			
	
	ABBVIE BIOTECHNOLOGY LTD
		
	By:	 	/s/ Stephen P. Muldoon
	Name:	 	Stephen P. Muldoon
	Title:	 	Director

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	
	INVESTORS:
	
	MRL VENTURES FUND LLC
		
	By:	 	/s/ Christine Brennan, Ph.D.
	Name:	 	Christine Brennan, Ph.D.
	Title:	 	Partner

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	
	INVESTORS:
	
	THE EBERSMAN FAMILY TRUST UA DTD 05/29/2002
		
	By:	 	/s/ David Ebersman
	Name:	 	David Ebersman
	Title:	 	Trustee

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	
	INVESTORS:
	
	PRESTON FAMILY TRUST
		
	By:	 	/s/ Heather Preston
	Name:	 	Heather Preston
	Title:	 	Trustee

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	
	INVESTORS:
	
	THE DE SAUVAGE FAMILY TRUST, DTD
10/18/2000
		
	By:	 	/s/ Frederic de Sauvage
	Name:	 	Frederic de Sauvage
	Title:	 	Trustee

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	
	INVESTORS:
	
	SECTION 32 FUND 2, LP
	By:	 	Section 32 GP 2, LLC, its general partner
		
	By:	 	/s/ Jennifer L. Kercher
	Name:	 	Jennifer L. Kercher
	Title:	 	Chief Operating Officer

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	
	INVESTORS:
	
	FEDERATED KAUFMANN FUND, A PORTFOLIO OF FEDERATED EQUITY FUNDS
	
	FEDERATED KAUFMANN SMALL CAP FUND, A PORTFOLIO OF FEDERATED EQUITY FUNDS
	
	FEDERATED KAUFMANN FUND II, A PORTFOLIO OF FEDERATED EQUITY FUNDS
		
	By:	 	Federated Equity Management Company of Pennsylvania, investment advisor
		
	By:	 	/s/ Hans P. Utsch
	Name:	 	Hans P. Utsch
	Title:	 	
		 	Vice President, Federated Global Investment Management, as attorney-in-fact for Federated Kaufmann Fund, a portfolio of Federated Equity
Funds
		
		 	Vice President, Federated Global Investment Management, as attorney-in-fact for Federated Kaufmann Small Cap Fund, a portfolio of Federated Equity
Funds
		
		 	Vice President, Federated Global Investment Management, as attorney-in-fact for Federated Kaufmann Fund II, a portfolio of Federated Equity
Funds

 [Signature Page to Series E Registration Rights Agreement] 

			
	
	INVESTORS:
	
	SHREWSBURY CAPITAL PARTNERS LLC
		
	By:	 	/s/ Jonathan Gold
	Name:	 	Jonathan Gold
	Title:	 	Managing Member

 [Signature Page to Series E Registration Rights Agreement] 

 
	
	INVESTORS:
	
	/s/ Tillman Gerngross
	Tillman Gerngross

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	INVESTORS:
	
	LEERRINK HOLDINGS LLC
		
	By: 	 	/s/ Joseph R. Gentile
		 	Name: Joseph R. Gentile
		 	Title: CAO

  

			
	LEERRINK PARTNERS CO-INVESTMENT FUND, LLC
		
	By:	 	/s/ Joseph R. Gentile
		 	Name: Joseph R. Gentile
		 	Title: Manager

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	INVESTORS:
	
	HCM CURE II, LLC
		
	By:	 	Highline Capital Management, L.P.
		
	By:	 	Highline Capital GP, Inc., its General Partner
		
	By: 	 	/s/ Howard M. Singer
		 	Name: Howard M. Singer
		 	Title: Chief Operating Officer

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	INVESTORS:
	
	FORESITE CAPITAL FUND IV, L.P.
		
	By:	 	Foresite Capital Management IV, LLC,
its General Partner
		
	By: 	 	/s/ Dennis D. Ryan
		 	Name: Dennis D. Ryan
		 	Title: Chief Financial Officer

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	INVESTORS:
	
	PERCEPTIVE LIFE SCIENCES MASTER FUND LTD.
		
	By:	 	/s/ James H. Mannix
		 	Name: James H. Mannix
		 	Title: Chief Operating Officer

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	INVESTORS:
	
	DEERFIELD SPECIAL SITUATIONS FUND, L.P.
	By:	 	Deerfield Mgmt, L.P.
General Partner
	By:	 	J.E. Flynn Capital, LLC
General Partner
		
	By:	 	/s/ David J. Clark
		 	Name: David J. Clark
		 	Title: Authorized Signatory

  

			
	DEERFIELD PRIVATE DESIGN FUND III, L.P.
	By:	 	Deerfield Mgmt, L.P.
General Partner
	By:	 	J.E. Flynn Capital, LLC
General Partner
		
	By:	 	/s/ David J. Clark
		 	Name: David J. Clark
		 	Title: Authorized Signatory

  

			
	DEERFIELD PRIVATE DESIGN FUND IV, L.P.
	By:	 	Deerfield Mgmt, L.P.
General Partner
	By:	 	J.E. Flynn Capital, LLC
General Partner
		
	By:	 	/s/ David J. Clark
		 	Name: David J. Clark
		 	Title: Authorized Signatory

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	INVESTORS:
	
	NEW LEAF BIOPHARMA OPPORTUNITIES II, L.P.
		
	By:	 	New Leaf BPO Associates II, L.P.
	Its:	 	General Partner
		
	By:	 	New Leaf BPO Management II, L.L.C.
	Its:	 	General Partner
		
	By:	 	/s/ Craig L. Slutzkin
		 	Name: Craig L. Slutzkin
		 	Title: Chief Financial Officer

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	INVESTORS:
	
	CASDIN PARTNERS MASTER FUND, L.P.
	By:	 	Casdin Partners GP, LLC, its General Partner
		
	By:	 	/s/ Eli Casdin
		 	Name: Eli Casdin
		 	Title: Managing Member

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	INVESTORS:
	
	LAV AGATE LIMITED
		
	By: 	 	 /s/ Yu Luo

		 	Name: Yu Luo
		 	Title: Authorized Signatory

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	INVESTORS:
	
	LAVRITE, LLC
		
	By:	 	 /s/ Lou Lavigne

		 	Name: Lou Lavigne
		 	Title: Managing Director

 [Signature Page to Series E Registration Rights Agreement] 

 
			
	INVESTORS:
	
	
		
	By:	 	 /s/ David Wehner

		 	Name: David Wehner
		 	

 [Signature Page to Series E Registration Rights Agreement] 

 
	
	KEY HOLDERS:
	
	/s/ Arnon Rosenthal
	Arnon Rosenthal

  

	
	THE ROSENTHAL FAMILY REVOCABLE TRUST DATED NOVEMBER 4, 1994, AS RESTATED ON JUNE 9, 1999
	
	/s/ Arnon Rosenthal
	Name: Arnon Rosenthal
	Title: Trustee

  

	
	ADI ROSENTHAL 2007 TRUST DATED MARCH 27, 2007
	
	/s/ Arnon Rosenthal
	Name: Arnon Rosenthal
	Title: Trustee

  

	
	NOAM ROSENTHAL 2007 TRUST DATED MARCH 27, 2007
	
	/s/ Arnon Rosenthal
	Name: Arnon Rosenthal
	Title: Trustee

  

	
	SHANI ROSENTHAL 2007 TRUST DATED MARCH 27, 2007
	
	/s/ Arnon Rosenthal
	Name: Arnon Rosenthal
	Title: Trustee

 [Signature Page to Series E Registration Rights Agreement] 

 
	
	KEY HOLDERS:
	
	/s/ Asa Abeliovich
	Asa Abeliovich

  

	
	/s/ Tillman Gerngross
	Tillman Gerngross

  

			
	ULYSSES CONSOLIDATED LLC
		
	By:	 	/s/ Errik Anderson
	Name: Errik Anderson
	Title: President

  

	
	/s/ Jonathan Sheller
	Jonathan Sheller

  

	
	/s/ Kelly Hackett
	Kelly Hackett

  

	
	/s/ Ryan McGovern
	Ryan McGovern

 [Signature Page to Series E Registration Rights Agreement] 

 
	
	KEY HOLDERS:
	
	/s/ Sabah Oney
	Sabah Oney
	
	/s/ Robert Paul
	Robert Paul
	
	/s/ Calvin Yu
	Calvin Yu
	
	/s/ Robert King
	Robert King
	
	/s/ Stephanie Yonker
	Stephanie Yonker

 [Signature Page to Series E Registration Rights Agreement] 

 SCHEDULE A 

INVESTORS 
 Name and Address

 Polaris Venture Partners VI (AIV), L.P. 

Polaris Venture Partners VI, L.P. 
 Polaris Venture
Partners Founders’ Fund VI, L.P. 
 PVP VI (AIV) Feeder Corp Holding Partnership, L.P. 

OrbiMed Private Investments IV—AL, LP 
 OrbiMed
Private Investments IV—AL (Feeder), LP 
 MRL Ventures Fund LLC 

GV 2014, L.P. 
 GV 2017, L.P. 

Topspin Biotech Fund II, LP 
 Banner LLC 

Symmetry Group Ltd. 
 Mission Bay Capital II, LP

 Dementia Discovery LP 
 DDF Parallel LLP

 AbbVie Inc. 
 AbbVie Biotechnology Ltd 

Amgen Ventures LLC 
 Tillman Gerngross 

The Ebersman Family Trust UA DTD 05/29/2002 
 Preston
Family Trust 

 The de Sauvage Family Trust, DTD 10/18/2000 

Section 32 Fund 2, LP 
 Federated Kaufmann Fund

 Federated Kaufmann Small Cap Fund 
 Federated
Kaufmann Fund II 
 Shrewsbury Capital Partners LLC 

Casdin Partners Master Fund VI, L.P. 
 New Leaf
Biopharma Opportunities II, L.P. 
 HCM Cure II, LLC (Highline Capital) 

Deerfield Special Situations Fund, L.P. 
 Deerfield
Private Design Fund III, L.P. 
 Deerfield Private Design Fund IV, L.P. 

LAV Agate Limited 
 Leerink Holdings LLC 

Leerink Partners Co-Investment Fund, LLC 

Perceptive Life Sciences Master Fund LTD 
 Foresite
Capital Fund IV, L.P. 
 Lavrite, LLC 
 David
Wehner 

 SCHEDULE B 

KEY HOLDERS 
 Name and Address

 Arnon Rosenthal 
 The Rosenthal Family
Revocable Trust Dated November 4, 1994, 
 as restated on June 9, 1999 

Adi Rosenthal 2007 Trust dated March 27, 2007 

Noam Rosenthal 2007 Trust dated March 27, 2007 

Shani Rosenthal 2007 Trust dated March 27, 2007 

Asa Abeliovich 
 Tillman Gerngross 

Ulysses Consolidated LLC (Errik Anderson) 
 Jon Sheller

 Kelly Hackett 
 Ryan McGovern 

Sabah Oney 
 Robert Paul 

Calvin Yu 
 Robert King 

Stephanie Yonker

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