Document:

EX-4.8

 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 Exhibit 4.8 

NEITHER THIS UNSECURED PIK CONVERTIBLE NOTE (THIS “NOTE”) NOR THE SECURITIES INTO WHICH THIS NOTE IS CONVERTIBLE HAVE BEEN REGISTERED UNDER THE
U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR APPLICABLE STATE SECURITIES LAWS. THIS NOTE AND THE SECURITIES INTO WHICH IT IS CONVERTIBLE MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED, ASSIGNED OR PLEDGED (I) IN THE ABSENCE
OF (A) AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT, OR (B) AN OPINION OF COUNSEL, IN A FORM REASONABLY ACCEPTABLE TO THE ISSUER, THAT REGISTRATION IS NOT REQUIRED UNDER THE ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE
144A OR TO PERSONS OUTSIDE OF THE UNITED STATES PURSUANT TO REGULATION S UNDER THE ACT. IN ADDITION, THIS NOTE IS ALSO SUBJECT TO THE TRANSFER RESTRICTIONS SET FORTH IN THE TRANSACTION AGREEMENTS. 

THE FOLLOWING INFORMATION IS PROVIDED PURSUANT TO TREAS. REG. SECTION 1.1275-3: THIS DEBT INSTRUMENT IS ISSUED WITH
ORIGINAL ISSUE DISCOUNT. THE TREASURER OF THE ISSUER, AS A REPRESENTATIVE OF THE ISSUER, WILL MAKE AVAILABLE ON REQUEST TO THE HOLDER OF THIS NOTE THE FOLLOWING INFORMATION: ISSUE PRICE, AMOUNT OF ORIGINAL ISSUE DISCOUNT, ISSUE DATE, AND YIELD. THE
ADDRESS OF THE TREASURER OF THE ISSUER IS UBER TECHNOLOGIES, INC., 1455 MARKET STREET, 4TH FLOOR, SAN FRANCISCO, CALIFORNIA, 94103, ATTENTION: TREASURER AND GENERAL COUNSEL. 

FORM OF UNSECURED PIK CONVERTIBLE NOTE 
  

			
	 Original Principal Amount:
US$[                    ]
	 	Issuance Date: [                    ]

 FOR VALUE RECEIVED, Uber Technologies, Inc., a Delaware corporation (the “Issuer”),
hereby promises to pay [                    ] or its registered assigns (the “Holder”, and together with holders of all other
Notes (as defined below), the “Holders”) the amount set out above as the Original Principal Amount, as such amount may be (i) increased pursuant to the payment of PIK Interest (as defined below), or (ii) reduced pursuant
to any conversion effected in accordance with the terms hereof or otherwise (the balance of such amount from time to time being the “Outstanding Principal Balance”) when due, whether upon the Maturity Date, acceleration, or
otherwise (in each case in accordance with the terms hereof). This Unsecured PIK Convertible Note (including all Unsecured PIK Convertible Notes issued in exchange, transfer or replacement hereof) (the “Note” and, together with all
other Unsecured PIK Convertible Notes issued pursuant to the Purchase Agreement (as defined herein), collectively, the “Notes”), is issued pursuant to the Purchase Agreement on the Issuance Date. Certain capitalized terms used
herein are defined in Section 22. Capitalized terms used but not defined herein shall have the meanings set forth in the Purchase Agreement. 

1.    PAYMENTS OF PRINCIPAL. 

(a)    The entire Note Obligations Amount shall be due and payable on the Maturity Date; provided, that the Issuer’s
obligation to pay the aforesaid amounts are subject to Section 5 hereof. 
  

  

 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 (b)    The “Maturity Date” shall be June 12, 2022.

 (c)    Except as specifically permitted in Sections 3(a)(ii) and 4(b)(ii) of this Note (and subject to
Section 6(c) of this Note), the Issuer may not voluntarily prepay or redeem the Note. 
 2.    INTEREST;
INTEREST RATE. 
 (a)    During the term of this Note, Interest shall accrue on the Outstanding Principal Balance of
this Note at an annual interest rate of 2.5%, commencing on the Issuance Date, compounded semi-annually on each December 12 and June 12, commencing December 12, 2015 (each, an “Interest Payment Due Date”). Interest
shall be payable by increasing the principal amount of this Note (with such increased amount accruing Interest as well) on each Interest Payment Due Date (“PIK Interest”). 

(b)    On each Interest Payment Due Date, the Issuer shall make a record on its books of the additional increase in the
principal amount of this Note due to the accrual of PIK Interest. 
 (c)    Interest hereunder will be paid to the
Holder or its assignee in whose name this Note is registered on the records of the Issuer regarding registration and transfers of Notes. All Interest will be computed on the basis of a 360-day year of twelve
(12) 30-day months. 
 3.    CERTAIN EVENTS. 

(a)    IPO. 

(i)    IPO Notice. No later than the earlier of (a) the fifth (5th) Business Day after the IPO Filing Date, and (b) the twentieth (20th) day prior to the anticipated commencement of a bona fide roadshow for
an IPO, the Issuer shall provide the Requisite Holders with a written notice of such IPO Filing Date (the “IPO Notice”). The IPO Notice shall include the expected material terms (including the then-expected range of the price per
share) and a bona fide estimate of the anticipated size of the IPO (it being understood that the actual terms and size of the IPO may differ from such expected material terms and bona fide estimate), an indication as to whether or not the Issuer
expects such IPO to be a Qualified IPO, and the date by which the Holder must make any election to convert the Notes pursuant to this Section 3(a) (the “IPO Election Deadline Date”), which shall be no earlier than ten
(10) days in advance of the anticipated commencement of a bona fide roadshow for such IPO. The date of the anticipated commencement of the roadshow will be determined in good faith by the Issuer. The Requisite Holders will be required to make
any applicable election (an “IPO Conversion Election”) to convert the Note in writing by notice to the Issuer no later than the IPO Election Deadline Date; provided, that any conversion election may be conditional on an IPO
constituting a Qualified IPO or a Non-Qualified 

  
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 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 
IPO, as stated by the Requisite Holders in such election; provided, further, that, if no IPO Conversion Election notice is delivered to the Issuer five (5) days prior to the IPO Election
Deadline Date, the Issuer shall deliver a written notice to the Requisite Holders of the failure to receive the IPO Conversion Election as of such date. Any such election to convert the Notes in connection with an IPO shall be irrevocable once
delivered to the Issuer. If the Requisite Holders do not timely deliver an IPO Conversion Election on or prior to the IPO Election Deadline Date, thereafter the Holders shall not have the right to make a Maturity Conversion Election pursuant to
Section 5(a). 
 (ii)    Qualified IPO. In the event of a Qualified IPO, but subject to the
closing of such Qualified IPO, if the Requisite Holders timely deliver an IPO Conversion Election as set forth in Section 3(a)(i), the outstanding Note Obligations Amount shall convert in full on the closing date of such Qualified IPO into a
number of IPO Securities equal to (x) the outstanding Note Obligations Amount on such closing date, divided by (y) the applicable IPO Conversion Price. 

If the Requisite Holders do not timely deliver an IPO Conversion Election as set forth in Section 3(a)(i) in connection with a Qualified
IPO, the Issuer, in its sole discretion, shall be entitled to exercise the Redemption Option in accordance with Section 6(c)(i). 
 If
(x) the Requisite Holders do not timely deliver an IPO Conversion Election as set forth in Section 3(a)(i) and (y) the Issuer does not exercise the Redemption Option in accordance with Section 6(c)(i), the Note shall remain in
full force and effect and the Note Obligations Amount shall remain outstanding. 
 (iii)    Non-Qualified IPO. In the event of a Non-Qualified IPO, but subject to the closing of such Non-Qualified IPO, if the Requisite
Holders timely deliver an IPO Conversion Election as set forth in Section 3(a)(i), the outstanding Note Obligations Amount shall convert in full on the closing date of such Non- Qualified IPO into a
number of IPO Securities equal to (a) the outstanding Note Obligations Amount on such closing date, divided by (b) the applicable IPO Conversion Price. 

If the Requisite Holders do not timely deliver an IPO Conversion Election as set forth in Section 3(a)(i), the Note Obligations Amount
shall remain outstanding and, for the avoidance of doubt, the Issuer shall not be entitled to exercise the Redemption Option. 

(iv)    Lock-Up. In the event this Note is converted into
IPO Securities in accordance with Sections 3(a)(ii) or 3(a)(iii) or Last Qualified Round Equivalent Securities in accordance with Section 5(a), upon request of the Issuer or the underwriters managing such IPO or any initial public offering of
the Company’s securities following conversion of this Note into Last Qualified Round Equivalent Securities in accordance with Section 5(a), the Holder agrees not to sell, make any short sale of, loan, grant any option for the purchase of,
or 

  
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 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 
otherwise dispose of any securities of the Issuer (including the IPO Securities, Last Qualified Round Equivalent Securities or any shares of common stock of the Issuer into which such Last
Qualified Round Equivalent Securities convert, as applicable) or 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, held immediately prior to the
effectiveness of the registration statement for such offering (other than those included in the registration) without the prior written consent of the Issuer or such underwriters, as the case may be, for a period not to exceed 180 days (or such
other period as may be requested by the Issuer 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, but in no event shall such period of time exceed 34 days after the expiration of the 180-day period) from the effective date of such registration as may be requested by the Issuer or such managing underwriters and to execute an agreement reflecting the foregoing as may be requested by the
underwriters at the time of the IPO. The foregoing provisions of this Section 3(a)(iv) shall apply only to the Issuer’s initial offering of equity securities, shall not apply to the sale of any shares to an underwriter pursuant to an
underwriting agreement or shares purchased by the Holder in open market transactions following the IPO or any initial public offering of the Company’s securities following conversion of this Note into Last Qualified Round Equivalent Securities
in accordance with Section 5(a), and shall only be applicable to the Holder if all officers, directors and greater than 1% stockholders of the Issuer enter into similar agreements. Any discretionary waiver or termination of the restrictions of
any or all of such agreements by the Issuer or the underwriters shall apply to the Holder subject to such agreements pro rata based on the number of shares subject to such agreements, except that, notwithstanding the foregoing, the underwriters may,
in their sole discretion, waive or terminate these restrictions with respect to shares of common stock of the Issuer with a value of up to $100,000 for any one individual, provided, that in the aggregate, this discretionary waiver or termination may
not be used to allow the sale of shares of common stock of the Issuer, in the aggregate for all individuals, representing more than 3% of the sum of (x) the shares subject to this lock-up provision and
(y) the shares subject to all other lock-up provisions and agreements. The underwriters in connection with the initial public offering of equity securities are intended third-party beneficiaries of this
Section 3(a)(iv) and shall have the right, power and authority to enforce the provisions hereof as though they were a party hereto. 
  

	 	(b)    Non-IPO	 Liquidity Event. 

(i)    No later than the third (3rd) Business Day after the first public filing date of any registration
statement for any class or series of the Issuer’s Common Equity (other than in connection with an IPO) in connection with which the Issuer expects to register such Common Equity under Section 12(b) of the Exchange Act, the Issuer shall
provide the Holder with a written notice of such 

  
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 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 
filing date (the “Non-IPO Liquidity Event Notice”). The Non-IPO Liquidity Event Notice shall
specify the Principal Market or other recognized securities exchange (a “Market”) on which such Common Equity is expected to be listed or admitted for trading, and the anticipated commencement of trading in such Common Equity on
such Market (the “First Trading Day”). The date of the anticipated First Trading Day will be determined in good faith by the Issuer. 

(ii)    Upon the occurrence of a Non-IPO Liquidity Event, at the
option of the Requisite Holders, which shall be exercised by written notice to the Issuer no later than the anticipated First Trading Day (such written notice, a “Non-IPO Liquidity Event Conversion
Notice”), the outstanding Note Obligations Amount will convert in full on the date that is twenty three (23) Trading Days after the First Trading Day into a number of the applicable class or series of Common Equity equal to
(i) the Note Obligations Amount on such conversion date, divided by (ii) the product of (a) the average of the VWAP of such class or series of Common Equity during each Trading Day during the twenty (20) Trading Day period
beginning on the First Trading Day (such average, the “Non-IPO Liquidity Event Conversion Price”), multiplied by (b) one minus the then applicable Discount Rate. 

(iii)    If the Requisite Holders do not timely deliver a Non-IPO
Liquidity Event Conversion Notice as set forth in Section 3(b)(ii), the Note Obligations Amount shall remain outstanding (and, for the avoidance of doubt, the Issuer shall not be entitled to exercise the Redemption Option). 

4.    CHANGE OF CONTROL. 

(a)    The Issuer shall deliver to the Requisite Holders a Change of Control Notice no less than thirty (30) days
prior to any anticipated Change of Control Effective Date, if, pursuant to such anticipated Change of Control, the Successor Issuer or Surviving Person (or parent company thereof), as applicable, will be a Public Issuer (a “Public Issuer
Change of Control”); provided, that if the Issuer does not have thirty (30) days prior knowledge of such Public Issuer Change of Control, it shall provide a Change of Control Notice as soon as practicable after obtaining knowledge
thereof (but in no event later than the twentieth (20th) day prior to the anticipated effective date of such Public Issuer Change of Control). The Requisite Holders will be required to make any
applicable election (a “Change of Control Election”) with respect to the Notes in writing by notice to the Issuer no later than the tenth (10th) day after delivery of the
applicable Change of Control Notice (such day, as applicable, the “Change of Control Election Deadline”). Following delivery of such Change of Control Notice, the Issuer shall provide the Requisite Holders with such information
regarding the terms of such Public Issuer Change of Control as they may reasonably request, subject to any restrictions on the Issuer pursuant to any applicable confidentiality agreement. Any such election to convert the Notes in connection with a
Public Issuer Change of Control shall be irrevocable once delivered to the Issuer. 
 (b)    Subject to the closing of
such Public Issuer Change of Control, 

  
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 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 (i)    if the Requisite Holders timely deliver a Change
of Control Election as set forth in Section 4(a), the Note Obligations Amount shall automatically convert on the Change of Control Effective Date into an amount of shares of the Public Issuer Publicly Traded Shares of such Public Issuer (and/or
cash and/or other property as determined in accordance with Section 4(c) below) equal to the Change of Control Public Issuer Conversion Amount, or 

(ii)    if the Requisite Holders do not timely deliver a Change of Control Election as provided in
Section 4(a) in connection with a Public Issuer Change of Control, the Issuer, in its sole discretion shall be entitled to exercise the Redemption Option in accordance with Section 6(c); provided, that if the Issuer does not exercise the
Redemption Option in accordance with Section 6(c), the Note shall remain in full force and effect and the Note Obligations Amount shall remain outstanding. 

(c)    In the case of Section 4(b)(i), in a Public Issuer Change of Control transaction in which common stock of the
Issuer is converted into any two or more of (x) Public Issuer Publicly Traded Shares, (y) cash and/or (z) property other than cash (which shall be valued at such property’s fair market value as reasonably determined in good faith
by the Issuer’s board of directors or a committee thereof), the Holder shall be paid in part cash, part property other than cash and part Public Issuer Publicly Traded Shares, in each case, with the percentage of cash and/or property other than
cash of the Change of Control Public Issuer Conversion Amount being determined on a proportionate basis determined by comparing the aggregate cash and/or property other than cash received by holders of common stock of the Issuer to the aggregate
value of Public Issuer Publicly Traded Shares received by holders of common stock of the Issuer, based on the average VWAP for such Public Issuer Publicly Traded Shares for each Trading Day during the five (5) Trading Day period ending the day
before the Change of Control Effective Date. The remainder of the Change of Control Public Issuer Conversion Amount will be paid in Public Issuer Publicly Traded Shares in accordance with the definition of Change of Control Public Issuer Conversion
Amount. 
 (d)    If the Change of Control is a not a Public Issuer Change of Control, then (1) the Issuer shall
ensure that all obligations under this Note will be assumed by such Private Issuer who is the Successor Issuer or Surviving Person (or the parent company thereof), as applicable, and (2) from and after such Change of Control Effective Date, the
term “Issuer” when used in the terms “Equity Round”, “Last Qualified Round”, and “Last Qualified Round Equivalent Securities” shall refer to the Successor Issuer or Surviving Person (or the parent company
thereof), as applicable, with respect to any Equity Rounds of the Successor Issuer or Surviving Person (or the parent company thereof), as applicable, occurring after such Change of Control Effective Date; provided, that prior to the occurrence of
any subsequent Last Qualified Round of the Successor Issuer or Surviving Person (or the parent company thereof), as applicable, the term “Last Qualified Round Equivalent Securities” shall be deemed to refer to the kind and amount of shares
of Capital Stock, other securities or other property or assets that a holder of a share of Last Qualified Round Equivalent Securities received in such Change of Control; provided, further, that notwithstanding the foregoing, the terms of conversion
of this Note shall be adjusted as may be necessary to preserve the economic and financial value of this Note to the Issuer and the Holder. 

  
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 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 5.    MATURITY DATE EVENTS. 

(a)    If the Requisite Holders deliver in writing by notice to the Issuer a Maturity Conversion Election prior to
December 12, 2021, then this Note will be converted on the Maturity Date into an amount of Last Qualified Round Equivalent Securities equal to the Last Qualified Round Equivalent Securities Conversion Amount. 

(b)    If the Requisite Holders deliver in writing by notice to the Issuer a Maturity Put Right Election prior to
December 12, 2021, the Issuer shall either, in the sole discretion of the Issuer (such election, the “Maturity Put Issuer Election”): 

(i)    pay the Holder the entire Maturity Put Cash Amount in full on the Maturity Date in accordance with
Section 18(b); or 
 (ii)    issue to the Holder a note, which shall provide for, amongst other
things, the following terms: (1) a maturity date of three years from the date of issuance of such note, (2) an original principal amount equal to the Maturity Put Cash Amount as of the date of issuance of such note, (3) an annual
interest rate of 8.0% of the principal outstanding at the beginning of such year, payable annually in cash by the Issuer, subject to prepayment of the note; (4) payment by the Issuer annually until maturity of principal in an amount equal to no
less than one-third of the Maturity Put Cash Amount as of the date of issuance of such note, subject to prepayment of the note; (5) substantially similar financial covenants and restrictions on the
incurrence of debt, liens, dividends, stock repurchases or investments as set forth in Section 6 of the Note Purchase Agreement, and (6) the ability for the Issuer to prepay such note in full at any time, provided that as of any such date
of prepayment of the note in full (such date, the “Prepayment Date”), the Issuer pays to the Holder an amount in cash such that the Holder has received from the Issuer, from the Issuance Date to and including the Prepayment Date,
cash payment(s) amounting, in the aggregate, to the Maturity Put Cash Amount as of the Prepayment Date. 
 The Issuer shall provide written notice to the
Holder of the Maturity Put Issuer Election within thirty (30) Business Days of the Issuer’s receipt of the Maturity Put Right Election. In connection with the exercise of the Maturity Put Right Election, the Holder shall deliver, or
surrender the Note to a reputable common carrier for delivery, to the Issuer (or provide an indemnification undertaking with respect to this Note in the case of its loss, theft or destruction) no later than the Business Day immediately preceding the
Maturity Date. Prior to (x) paying the Maturity Put Cash Amount or (y) issuing the note pursuant to clause (ii) above, the Holder shall deliver to Purchaser this Note (or indemnification undertakings in lieu thereof). From and after
either (1) the payment of the entire Maturity Put Cash Amount or (2) the issuance of the note pursuant to clause (ii) above, this Note shall cease to be outstanding for any purpose whatsoever. If, in the Maturity Put Issuer Election,
the Issuer elects to issue a note to the Holder pursuant to clause (ii) above, then the Issuer and the Requisite Holders shall negotiate commercially reasonable terms of such note in good faith and shall agree on the terms of such note (which
shall be consistent with the terms of Section 5(b)(ii) and shall otherwise be commercially reasonable) as promptly as practicable, but within ten (10) Business Days, after the delivery of the Maturity Put Issuer Election. 

  
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 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 (c)    Notwithstanding any of the foregoing Sections 5(a) or 5(b), if an
IPO, Non-IPO Liquidity Event or Change of Control occurs during the six months prior to the Maturity Date, then the Holder shall retain the rights in Sections 3 and 4 of this Note with respect to such IPO,
Change of Control, or Non-IPO Liquidity Event, as applicable. 

(d)    Notwithstanding anything in this Note to the contrary, if at (or within thirty (30) days prior to) the
Maturity Date, there exists a Material Financial Market Disruption, then (x) the Issuer shall have a one-time option to extend the Maturity Date for up to one (1) year (which such extended Maturity
Date shall be deemed to be the “Maturity Date” for all purposes under this Note), which option may be elected by written notice to the Holder on or prior to the Maturity Date, and (y) the Requisite Holders shall have a one-time option to withdraw any prior elections pursuant to Section 5(a) or Section 5(b) until the next applicable notice date prior to the Maturity Date (including any Maturity Date extended pursuant to
Section 5(d)(x)); provided, however, that, for the avoidance of doubt, during the term of this Note, the Issuer may elect to pursue the actions related to clause (x) above one time and the Requisite Holders may elect to pursue the actions
related to clause (y) above one time, regardless of the number of occurrences of a Material Financial Market Disruption. 

(e)    Notwithstanding anything in this Note to the contrary, if and only if (i) the Issuer or a Subsidiary issues
any Alternative Note(s), and (ii) in connection with a default on such Alternative Note(s) or upon the maturity date(s) (or within sixty (60) days prior to the maturity date(s) of such Alternative Note(s)), the Issuer or a Subsidiary
becomes required to pay the holder(s) of such Alternative Note(s) an amount in cash greater than the Alternative Note Minimum Cash Payment, then (x) the Issuer shall give the Requisite Holders prompt written notice of the potential occurrence
of such required Alternative Note Minimum Cash Payment (such written notice shall be delivered, to the extent practicable, at least thirty (30) days) prior to the potential occurrence of such required Alternative Note Minimum Cash Payment, and
to the extent not practicable, as soon as practicable thereafter), (y) the Requisite Holders will have thirty (30) days after receiving notice of the potential occurrence of the Alternative Note Minimum Cash Payment to deliver in writing by
notice to the Issuer an Alternative Note Maturity Put Right Election and (z) if the Requisite Holders timely deliver an Alternative Note Maturity Put Right Election, the Issuer shall pay the Holder the entire Alternative Note Maturity Put Cash
Amount in full within thirty (30) days of the date of receipt by the Issuer of such Alternative Note Maturity Put Right Election in accordance with Section 18(b); provided, that if the Requisite Holders deliver an Alternative Note Maturity
Put Right Election prior to the payment by the Issuer of the Alternative Note Minimum Cash Payment, the payment of the Alternative Note Maturity Put Cash Amount shall be paid on the same day as the Alternative Note Minimum Cash Payment, and such
payment shall be pari passu with, the Alternative Note Minimum Cash Payment. Notwithstanding the foregoing, if after the delivery by the Issuer of the written notice of the potential occurrence of an Alternative Note Minimum Cash Payment, the
Issuer or a Subsidiary, as applicable, does not pay the Alternative Note Minimum Cash Payment (as a result of a refinancing, cure of default, waiver, amendment of terms, extension of the maturity date or otherwise), then (A) the Issuer shall
not be obligated to pay the Alternative Note Maturity Put Cash Amount regardless of the delivery by the Requisite Holders of an Alternative Note Maturity Put Right Election, and (B) the Requisite Holders shall retain the right

  
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Pursuant to 17 C.F.R. Section 200.83 
  

 
to exercise the rights set for in this Section 5(e) in connection with any subsequent Alternative Note Minimum Cash Payment. For the avoidance of doubt, the Requisite Holders shall not have
an Alternative Maturity Put Right in the event of a refinancing of such Alternative Note(s). For the further avoidance of doubt, with respect to each particular Alternative Note and subject to clause (B) above, (1) the Issuer shall only be
obligated to comply with the terms of this Section 5(e) on one occasion per set of Alternative Notes issued under a single purchase agreement, and the Requisite Holders shall only have one occasion on which to exercise the Alternative Note
Maturity Put Right with respect to each such set of Alternative Notes, and (2) if the Requisite Holders do not timely deliver an Alternative Note Maturity Put Right Election in accordance with this Section 5(e), then this Note shall remain
outstanding. 
 (f)    For the avoidance of doubt, if the Requisite Holders fail to timely deliver a Maturity Conversion
Election in accordance with Section 5(a) or a Maturity Put Right Election in accordance with Section 5(b), then the Note Obligations Amount shall be due and payable by the Issuer on the Maturity Date in accordance with Section 1(a).

 6.    CONVERSION AND REDEMPTION PROCEDURES. 

(a)    Conversion Right. Upon any Conversion Event, the outstanding Note Obligations Amount being converted shall
be converted into fully paid and nonassessable shares of the Conversion Security, pursuant to the relevant terms set forth herein applicable to such Conversion Event. If the issuance of the Conversion Security would result in the issuance of a
fractional share of the Conversion Security, the Issuer shall pay cash in lieu of such fractional share in an amount equal to the portion of the Note Obligation Amount otherwise represented by such fractional share. The Issuer shall pay any and all
U.S. federal and state transfer, stamp and similar taxes that may be payable with respect to the issuance and delivery of the Conversion Security upon conversion of any Conversion Amount (provided, that the failure of the Issuer to pay any such
transfer, stamp and similar tax shall not delay or have any impact on the Issuer’s issuance of such Conversion Security); provided, that the Issuer shall not be required to pay any tax that may be payable in respect of any issuance of the
Conversion Security to any Person other than the converting Holder or with respect to any income tax due by the Holder with respect to such Conversion Security or as a result of such conversion and the Issuer shall not be required to make any such
issuance or delivery unless and until the Person otherwise entitled to such issuance or delivery has paid to the Issuer the amount of any such transfer, stamp and similar tax or has established, to the satisfaction of the Issuer, that such transfer,
stamp and similar tax has been paid or is not payable. 
 (b)    Mechanics of Conversion. 

(i)    To exercise any of their conversion rights under this Note, (A) the Requisite Holders shall
transmit by facsimile or electronic mail (or otherwise deliver), for receipt on or prior to 11:59 p.m., San Francisco Time, on or prior to the applicable Conversion Notice Date as set forth in the table below, a copy of an executed notice of
conversion in the form attached hereto as Exhibit I (the “Conversion Notice”) to the Issuer and (B) the Holder shall surrender this Note to a reputable common carrier for delivery to the Issuer (or shall provide an
indemnification undertaking with respect to this Note in the case of its loss, theft or destruction) on or prior to the applicable conversion date (“Conversion Date”) as set forth in the table below: 

  
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	 Conversion

Event
	  	 Conversion Notice Date
	  	 Conversion Date
	 	 Applicable
Section of
the
Note

	 IPO
	  	IPO Election
Deadline Date	  	Closing date of the IPO	 	Section 3(a)
	Non-IPO Liquidity Event	  	Anticipated First
Trading Day	  	23rd Trading Day after
Non-IPO Liquidity
Event	 	Section 3(b)
	Change of Control	  	Change of Control
Election Deadline	  	Change of Control
Effective Date	 	Section 4(a)
	Maturity Date	  	Sixty months prior
to the Maturity Date	  	Maturity Date	 	Section 5(a)

 (ii)    The Person or Persons entitled to receive the shares of the
Conversion Security issuable upon a conversion of this Note shall be treated for all purposes as the record holder or holders of such shares of the Conversion Security on the Conversion Date, and from and after such conversion, this Note shall cease
to be outstanding for any purpose whatsoever. Upon conversion of this Note, the Issuer shall use commercially reasonable effort to deliver shares of Conversion Securities to such Person or Persons within five (5) Business Days of the applicable
Conversion Date. 
 (iii)    If the Conversion Securities are not available for issuance for any reason
at any of the Conversion Dates set forth in this Note, then the period during which conversion may occur shall be extended until ten (10) Business Days after the date on which the Conversion Securities become available. 

(c)    Mechanics of Redemption of the Notes. The following procedures shall apply to the Issuer’s exercise of
the Redemption Option. 
 (i)    In the event the Requisite Holders do not timely deliver an IPO
Conversion Election as set forth in Section 3(a)(i) in connection with a Qualified IPO, the Issuer may select the Redemption Option and the Redemption Date by delivering to the Holder written notice (a “Redemption Notice”)
thereof to the Requisite Holders no later than fifteen (15) days after the closing date of the Qualified IPO. 

(ii)    In the event the Requisite Holders do not timely deliver a Change of Control Election as set forth
in Section 4(a) in connection with a Public Issuer Change of Control, the Issuer may select the Redemption Option and the Redemption Date by delivering a Redemption Notice thereof to the Requisite Holders no later than fifteen (15) days
after the Change of Control Effective Date. 

  
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 (iii)    The Issuer may elect, in its sole discretion, to
either (x) pay the entire Note Obligations Amount as of the closing date of the Qualified IPO or Change of Control Effective Date, as applicable (the “Redemption Cash Amount”) on the Redemption Date or (y) pay the
Redemption Cash Amount over a period of up to three (3) years from the date of delivery of the Redemption Notice (such period, the “Redemption Period”) in up to thirty six (36) installments, subject to the proviso in the
next sentence, pursuant to a schedule and in any amounts as determined by the Issuer in its sole discretion (each installment, a “Redemption Tranche”). The timing and amounts of each Redemption Tranche may be adjusted by the Issuer
during the Redemption Period in its sole discretion; provided, that (a) an amount equal to at least one-third of the Redemption Cash Amount has been paid by the Issuer to the Holder by the one
(1) year anniversary of the date of delivery of the Redemption Notice; (b) an amount equal to at least two-thirds of the Redemption Cash Amount has been paid by the Issuer to the Holder by the two
(2) year anniversary of the date of delivery of the Redemption Notice; and (c) on or prior to the three (3) year anniversary of the date of delivery of the Redemption Notice, the Holder shall have received one or more Redemption
Tranches equal to, in the aggregate, (1) the Redemption Cash Amount plus (2) any such additional amount such that, upon payment by the Issuer to the Holder of the last Redemption Tranche, the Holder shall have received cash payments
pursuant to the Redemption Option in such aggregate amount that results in an IRR of 2.5% as of the date that such last Redemption Tranche is paid (such additional amount, if applicable, the “Redemption IRR Amount”). The
Issuer’s election pursuant to this Section 6(c)(iii) shall be contained in the Redemption Notice and shall be irrevocable. For purposes of this Note, if the Issuer elects clause (y) pursuant to the first sentence of this
Section 6(c)(iii), the date of payment of the first Redemption Tranche shall be the Redemption Date. 

(iv)    In connection with the exercise of any Redemption Option, the Holder shall surrender the Note to a
reputable common carrier for delivery to the Issuer (or provide an indemnification undertaking with respect to this Note in the case of its loss, theft or destruction) no later than the Business Day immediately preceding the applicable Redemption
Date. 
 (v)    Subject to clause (y) of Section 6(c)(iii), on the Redemption Date (or, if
later, on the Business Day following receipt by the Issuer of this Note or an indemnification undertaking), the Issuer shall pay the Holder the entire Redemption Cash Amount. Prior to paying all or any portion of the Redemption Cash Amount and any
Redemption IRR Amount, the Holder shall deliver to Purchaser this Note (or indemnification undertakings in lieu thereof); provided, that if only a portion of the Redemption Cash Amount is paid on the Redemption Date, then the Note shall be held in
escrow until all of the Redemption Cash Amount and any Redemption IRR Amount is paid. From and after payment of the entire Redemption Cash Amount and any Redemption IRR Amount, if applicable, this Note shall cease to be outstanding for any purpose
whatsoever. 

  
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 7.    DEFAULT. This Note shall be subject to the Event of Default
provisions set forth in Section 6.3 of the Purchase Agreement. 
 8.    REMEDIES. On the occurrence of an
Event of Default that has not been timely cured as provided in the Purchase Agreement: 
 (a)    Acceleration of
Note. The Requisite Holders may, at such Requisite Holders’ option, declare all sums due to the Holders of the Notes pursuant to the Notes to be immediately due and payable, whereupon the same will become forthwith due and payable and the
Requisite Holders will be entitled to proceed to selectively and successively enforce the Holder’s rights under the Purchase Agreement or any other instruments delivered to the Holder in connection with the Purchase Agreement (including any
Notes); provided, however, that the occurrence of any Event of Default of the type specified in Section 6.3(d)(iii) or (iv) of the Purchase Agreement shall cause the aggregate Note Obligations Amounts to be, and the same shall thereupon
become, immediately due and payable, without any further notice and without any presentment, demand, or protest of any kind, all of which are hereby expressly waived by the Issuer. 

(b)    Waiver of Default. The Holders shall, upon execution of an instrument or instruments in writing signed by
the Requisite Holders, waive (and shall be deemed to have waived) any Event of Default which has occurred together with any of the consequences of such Event of Default and, in such event, the Holders and the Issuer will be restored to their
respective former positions, rights and obligations hereunder. Any Event of Default so waived will, for all purposes of this Note with respect to the Holder, be deemed to have been cured and not to be continuing, but no such waiver will extend to
any subsequent or other Event of Default or impair any consequence of such subsequent or other Event of Default. 

(c)    Cumulative Remedies. No failure on the part of the Holder to exercise and no delay in exercising any right
hereunder will operate as a waiver thereof, nor will any single or partial exercise by the Holder of any right hereunder preclude any other or further right of exercise thereof or the exercise of any other right. The remedies herein provided are
cumulative and not alternative. 
 9.    RESERVATION OF AUTHORIZED SHARES. So long as any of the Notes are
outstanding, the Issuer shall, on or prior to the date of conversion of any Notes, take all action necessary, including amending the Charter, to reserve the requisite number of shares of its authorized and unissued capital stock (including with
respect to the creation of any new Capital Stock of the Issuer subsequent to the Issuance Date), solely for the purpose of effecting the conversion of this Note, such that the number of shares of Conversion Security shall be duly and validly
reserved and available for issuance at the time of the conversion of this Note, and upon issuance in accordance with the terms of this Note, the Conversion Securities will be duly and validly issued, fully paid and nonassessable and free of
restrictions on transfer other than restrictions on transfer under this Note, the Purchase Agreement, the Charter, the Bylaws or one or more of the Transaction Agreements, applicable federal and state securities Laws or liens or encumbrances created
by or imposed by the Purchasers. 

  
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 10.    VOTING RIGHTS. The Holder shall have no voting rights as
the holder of this Note, except as required by New York law and as expressly provided in this Note. 
 11.    VOTE TO
CHANGE THE TERMS OF NOTES. This Note, and any of the terms and provisions hereof, may be amended from time to time with (and only with) the written consent of the Requisite Holders and the Issuer. The Requisite Holders may waive compliance by
the Issuer with any of the terms hereof. Any amendment or waiver to which the Requisite Holders have consented in writing shall be binding upon all Holders of all Notes. 

12.    TRANSFER AND RELATED PROVISIONS. 

(a)    Except as provided in Section 7.3 of the Purchase Agreement, this Note may not be directly or indirectly
offered, sold, assigned or transferred by the Holder without the prior written consent of the Issuer. This Note and the Conversion Securities upon conversion of this Note (other than any conversion in connection with an IPO, in which case the
Conversion Securities shall be subject to the lock-up provisions in Section 3(a)(iv) and in any Side Letter to which the Holder is party) shall be subject to the transfer restrictions set forth in the
Purchase Agreement and any Side Letter to which the Holder is party. Any offer, sale, assignment or other transfer of this Note is also subject to the restrictive legends on this Note. 

(b)    The Issuer shall maintain and keep updated a register (the “Register”) for the recordation of the
names and addresses of the holders of each Note and the Outstanding Principal Balance of the Notes held by such holders (the “Registered Notes”). The entries in the Register shall be conclusive and binding for all purposes absent
manifest error. The Issuer and the holders of the Notes shall treat each Person whose name is recorded in the Register as the owner of a Note for all purposes, including, without limitation, the right to receive payments of Principal hereunder,
notwithstanding notice to the contrary. A Registered Note may be assigned or sold in whole or in part only by registration of such assignment or sale on the Register. Upon its receipt of a satisfactory request to assign or sell all or part of any
Registered Note by a Holder and the physical surrender of this Note to the Issuer, the Issuer shall record the information contained therein in the Register and issue one or more new Registered Notes, the aggregate Outstanding Principal Balance of
which is the same as the entire Outstanding Principal Balance of the surrendered Registered Note, to the designated assignee or transferee pursuant to Section 13. 

13.    REISSUANCE OF THIS NOTE. 

(a)    Transfer. If this Note is to be transferred, the Holder shall surrender this Note to the Issuer, whereupon
the Issuer will forthwith issue and deliver upon the order of the Holder a new Note (in accordance with Section 13(d)), registered as the Holder may request, representing the Outstanding Principal Balance of the Note being transferred by the
Holder and, if less than the entire Outstanding Principal Balance of the Note held by the Holder is being transferred, a new Note (in accordance with Section 13(d)) to the Holder representing the Outstanding Principal Balance of the Note not
being transferred. The Holder and any transferee, by acceptance of this Note, acknowledge and agree that, by reason of the provisions of Section 13(d) following conversion or redemption of any portion of this Note, the Outstanding Principal
Balance represented by this Note may be less than the Outstanding Principal Balance stated on the face of this Note. 

  
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 (b)    Lost, Stolen or Mutilated Note. Upon receipt by the Issuer
of evidence reasonably satisfactory to the Issuer of the loss, theft, destruction or mutilation of this Note, and, in the case of loss, theft or destruction, of any indemnification undertaking by the Holder to the Issuer in customary form and, in
the case of mutilation, upon surrender and cancellation of this Note, the Issuer shall execute and deliver to the Holder a new Note (in accordance with Section 13(d)) representing the Outstanding Principal Balance. 

(c)    Note Exchangeable for Different Denominations. This Note is exchangeable, upon the surrender hereof by the
Holder at the principal office of the Issuer, for a new Note or Notes (in accordance with Section 13(d)) representing in the aggregate the Outstanding Principal Balance of this Note, and each such new Note will represent such portion of such
Outstanding Principal Balance as is designated by the Holder at the time of such surrender. 
 (d)    Issuance of New
Notes. Whenever the Issuer is required to issue a new Note pursuant to the terms of this Note, such new Note (i) shall be of like tenor with this Note, (ii) shall represent, as indicated on the face of such new Note, the remaining
Outstanding Principal Balance (or in the case of a new Note being issued pursuant to Section 13(a) or Section 13(c), the Outstanding Principal Balance designated by the Holder which, when added to the aggregate Outstanding Principal
Balance represented by the other new Notes issued in connection with such issuance, does not exceed the remaining Outstanding Principal Balance under this Note immediately prior to such issuance of new Notes), (iii) shall have an issuance date, as
indicated on the face of such new Note, which is the same as the Issuance Date of this Note, (iv) shall have the same rights and conditions as this Note, (v) shall represent accrued and unpaid Interest on the Outstanding Principal Balance
of this Note, if any, from the Issuance Date; and (vi) shall be timely prepared and issued by the Issuer, but in no event shall the Issuer issue such new Note more than five (5) Business Days after surrender of this Note or the receipt of
the evidence reasonably satisfactory to the Issuer pursuant to Section 13(b), as the case may be. 

14.    REMEDIES. No right or remedy herein conferred upon or reserved to the Holder is intended to be exclusive of
any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise, including
injunctive relief or specific performance. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

15.    CONSTRUCTION; HEADINGS. This Note shall be deemed to be jointly drafted by the Issuer and all the Holders
and shall not be construed against any Person as the drafter hereof. The headings of this Note are for convenience of reference and shall not form part of, or affect the interpretation of, this Note. 

16.    FAILURE OR INDULGENCE NOT WAIVER. The Holder shall not by any act or omission be deemed to waive any of its
rights or remedies under this Note or the Purchase Agreement unless such waiver shall be in writing and signed by the Holder, and then only to the extent specifically set forth therein. 

  
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 17.    DISPUTE RESOLUTION. If the Requisite Holders dispute the
Issuer’s determination of the VWAP pursuant this Note, any adjustment to the terms of conversion of the Note effected by the Issuer pursuant to Section 3(b)(ii), Section 4(b)(i) or Section 4(c) or any arithmetic or other
calculations by the Issuer under this Note, including, without limitation, any calculation of IRR, the Requisite Holders shall submit to the Issuer their determination or calculations thereof. If the Requisite Holders and the Issuer are unable to
agree upon such determination, adjustment or calculation within five (5) Business Days of the submission by the Requisite Holders, then the Issuer shall, within five (5) Business Days thereafter submit (a) the disputed determination
of the VWAP, the disputed adjustment to the terms of conversion of the Note effected pursuant to Section 3(b)(ii), Section 4(b)(i) or Section 4(c) hereof, as the case may be, to an independent, reputable investment bank (which is
ranked in the top twenty (20) investment banks nationally, by revenue) selected by the Issuer and approved by the Requisite Holders, or (b) the disputed arithmetic or other calculation by the Issuer under this Note to the Issuer’s
independent, outside accountant, or if such accountant is unwilling, an accountant reasonably satisfactory to the parties (which is ranked in the top twenty (20) accounting firms nationally, by revenue). The Issuer shall cause such investment
bank or accountant, as the case may be, to perform the determination, adjustment or calculation, as the case may be, and notify the Issuer and the Holder of the results no later than ten (10) Business Days from the time it receives the disputed
determination, adjustment or calculation, as the case may be. The Issuer shall pay the costs and expense of such investment bank or accountant, as applicable, unless determination, adjustment or calculation of such investment bank or accountant is
mathematically closer to the Issuer’s determination, adjustment or calculation than the determination, adjustment or calculation submitted by the Requisite Holders, in which case, the costs and expenses of such investment bank or accountant
shall be paid by the Requisite Holders. Such investment bank’s or accountant’s determination, adjustment or calculation, as the case may be, shall be binding upon all parties absent demonstrable error. 

18.    NOTICES AND PAYMENTS. 

(a)    Notices. Whenever notice is required to be given under this Note, unless otherwise provided herein, such
notice shall be given in accordance with Section 7.5 of the Purchase Agreement. 
 (b)    Payments. Whenever
any payment of cash is to be made by the Issuer to any Person pursuant to this Note, such payment shall be made in cash via wire transfer of immediately available funds by providing the Issuer with prior written notice setting out such request and
the Holder’s wire transfer instructions. Whenever any amount expressed to be due by the terms of this Note is due on any day which is not a Business Day, the same shall instead be due on the next succeeding day which is a Business Day and, in
the case of any Interest Payment Due Date which is not the date on which this Note is paid in full, the extension of the due date thereof shall not be taken into account for purposes of determining the amount of Interest due on such date. All
payments to be made by the Issuer under this Note to any “United States person” as defined in Section 7701(a)(30) of the Code (who has timely provided a properly completed and valid Internal Revenue Service Form W-9), shall be paid free and clear of and without any deduction or withholding for or on account of, any and all taxes. All payments to be made by the 

  
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Issuer under this Note to any person other than a United States person (a “non-United States person”) (who has timely provided, on behalf of
itself and/or its beneficial owners, as applicable, a properly completed and valid Internal Revenue Service Form W-8BEN or Form
W-8BEN-E and such other information as is required to certify such person’s compliance with Sections 1471 through 1474 of the Code) shall be paid free and clear of
and without any deduction or withholding for or on account of, any and all taxes, unless such deduction or withholding is required by law, in which case Issuer shall withhold such taxes and such withheld amounts shall be treated as paid to the
Holder to extent they are remitted to the appropriate taxing authority, and no additional amounts shall be required to be made by the Issuer to such non-United States person with respect to such taxes deducted
or withheld. In the event that a taxing authority retroactively determines that a payment made by Issuer under this Note to a non-United States person should have been subject to withholding (or to additional
withholding) for taxes, and the Issuer remits such withholding tax to the taxing authority, the Issuer will have the right to offset such amount (including interest and penalties that may be imposed thereon) against future payment obligations of the
Issuer to such non-United States person under this Note. The Company agrees to keep any tax forms or certifications provided by Holder pursuant to this Section 18(b) or Section 7.1 of the Note
Purchase Agreement confidential, except as the Company reasonably determines in good faith to be necessary to comply with applicable law. 

19.    WAIVER OF NOTICE. To the extent permitted by law, the Issuer hereby waives demand, notice, protest and all
other demands and notices in connection with the delivery, acceptance, performance, default or enforcement of this Note and the Purchase Agreement. 

20.    GOVERNING LAW, JURISDICTION AND SEVERABILITY. This Note shall be construed and enforced in accordance with,
and all questions concerning the construction, validity, interpretation and performance of this Note shall be governed by, the internal laws of the State of New York, without giving effect to any choice of law or conflict of law provision or rule
(whether of the State of New York or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of New York. The Issuer hereby submits to the exclusive jurisdiction of the state and federal courts
sitting in the Borough of Manhattan in New York City for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby waives, and agrees not to assert in any suit,
action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper.
Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. In the event that any provision of this Note is invalid or unenforceable under any applicable statute or rule of law, then such
provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect
the validity or enforceability of any other provision of this Note. Nothing contained herein shall be deemed or operate to preclude the Holder from bringing suit or taking other legal action against the Issuer in any other jurisdiction to collect on
the Issuer’s obligations to the Holder, to realize on any collateral or any other security for such obligations, or to enforce a judgment or other court ruling in favor of the Holder. 

  
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 21.    TAX TREATMENT. Except as otherwise required by a governing
federal, state or local tax authority, the Issuer and the Holder hereby agree that they shall treat this Note as a convertible debt instrument that is not subject to the application of the rules of Treasury Regulation
Section 1.1275-4. The Issuer and the Holder hereby agree to treat (i) the Note as issued with original issue discount for U.S. federal income tax purposes, and (ii) except as otherwise required
by a governing federal, state or local tax authority, (x) the issue price of the Note as the Original Principal Amount, (y) except as subsequently redetermined pursuant to Treasury Regulation
Section 1.1272-1(c)(6), the yield on the Note as 2.5% per annum and the deemed maturity date of this Note as the Maturity Date, and (z) payments of interest to the extent of such 2.5% fixed yield as
“portfolio interest” under Sections 871(h) and 881(c) of the Code, provided that the beneficial owner of such Note is not a “United States person” as defined in Section 7701(a)(30) of the Code, provides the appropriate IRS
Form W-8 in accordance with Section 7.1(a) of the Note Purchase Agreement, and that the beneficial owner is not a 10-percent shareholder of the Company, a
controlled foreign corporation to which the Company is related, or a bank extending credit to the Company in the ordinary course of its trade or business. The Company agrees to provide upon request information as is reasonably necessary for the
Holder to determine whether it is a 10-percent shareholder of the Company. The Issuer and the Holder agree to file all tax returns in accordance with such treatment, and not to take any position inconsistent
with such treatment in any tax return, refund claim, or other tax filing except as otherwise required by a governing federal, state or local tax authority. If the Note has neither been the subject of a Conversion Event nor repaid in full prior to
the Maturity Date, or if the Issuer does not exercise the Redemption Option when applicable under this Note, then notwithstanding the foregoing, the yield and deemed maturity date shall be recalculated pursuant to the rules of Treasury Regulation Section 1.1272-1(c)(6) by Issuer in its reasonable discretion. 
 22.    NO
FIDUCIARY DUTY. Each of the Holders and their Affiliates may have interests, economic or otherwise, that conflict with those of the other Holders, their equityholders and/or their Affiliates. Notwithstanding the fact that the consent of
[                    ] is required for the taking of any action hereunder, each Holder agrees that nothing in the Transaction Agreements or
otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between
[                    ] , its equityholders or its Affiliates, on the one hand, and any other Holder, its equityholders or its Affiliates, on
the other. Each Holder acknowledges and agrees that (i) none of [                    ] , its stockholders or its Affiliates have assumed
an advisory or fiduciary responsibility in favor of any other Holder, its equityholders or its Affiliates with respect to the Transactions contemplated hereby or under any of the Transaction Agreements (or the exercise of rights or remedies with
respect hereto or thereto) or the process leading thereto (irrespective of whether [                    ], its stockholders or its Affiliates
have advised, are currently advising or will advise any other Holder, its stockholders or its Affiliates on other matters) or any other obligation to any other Holder and (ii)
[                    ] shall have no duty to consult with, provide notice to, seek the approval or consent of, or take into account the
interest of any other Holder in connection with any transactions contemplated by the Transaction Agreements or its actions or omissions to act or otherwise under the Transaction Agreements.
[                    ] shall not be liable to any other Holder for any loss or damage, including counsel fees, resulting from its actions or
omissions to act or otherwise under the Transaction Agreements. In no event shall [                    ] be liable to the other Holder or any
third party for special, indirect or consequential damages, or lost profits or loss of business, arising out of its actions or omissions to act. 

  
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 23.    CERTAIN DEFINITIONS. For purposes of this Note, the
following terms shall have the following meanings: 
 (a)    “Alternative Note” means any debt
instrument of the Issuer or any Subsidiary that is issued after the Issuance Date and is convertible into Capital Stock of the Issuer; provided, that, any Notes issued by the Issuer pursuant to the Purchase Agreement shall not be considered
Alternative Notes even if such Notes are issued after the Issuance Date. 
 (b)    “Alternative Note Maturity
Put Right” means the right, but not the obligation, of the Holder to cause the Issuer, subject to the provisions of Section 5(e), to repurchase the Note in its entirety for an aggregate amount in cash equaling (1) the Original
Principal Amount plus (2) any such additional amount such that, upon payment by the Issuer to the Holder of such amount plus the Original Principal Amount, the Holder shall have received cash payments pursuant to the Alternative Note Maturity
Put Right in such aggregate amount that results in an IRR of 8.0% as of the date that the Issuer repays such amount in full (such amount, the “Alternative Note Maturity Put Cash Amount”). 

(c)    “Alternative Note Maturity Put Right Election” means an election by the Requisite Holders to
exercise the Alternative Note Maturity Put Right. 
 (d)    “Alternative Note Minimum Cash Payment”
shall mean the outstanding principal amount under any Alternative Note(s), as determined individually or in the aggregate, equal to the sum of (i) $500,000,000 plus (ii) (A) $1,700,000,000 minus (B) the aggregate principal amount
of all Notes issued to Hillhouse and its Affiliates pursuant to the Purchase Agreement. 

(e)    “Bloomberg” means Bloomberg Financial Markets. 

(f)    “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in
San Francisco, California are authorized or required by law to remain closed. 
 (g)    “Capital Stock”
means, for any Person, any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) the equity of such Person, but excluding any debt securities convertible into
such equity at a non-fixed conversion price and excluding any non-convertible preferred stock. 

(a)    “Change of Control” means any of the following events or series of related events: (i) the
sale, lease, exchange, license or other transfer of all or substantially all of the Issuer’s properties or assets (determined on a consolidated basis) to any Person or group (as such term is used in Section 13(d)(3) of the Exchange Act);
(ii) the adoption by the stockholders of the Issuer of a plan the consummation of which would result in the liquidation or dissolution of the Issuer; (iii) the transfer, directly or indirectly, to any Person or group (as such term is used in
Section 13(d)(3) of the Exchange Act) of beneficial ownership (as defined in Rule 13d-3 under the Exchange Act) of more than 50% of the aggregate voting power of the fully diluted equity interests in the
Issuer (but excluding for the purposes of the calculation of the fully diluted equity interests in the Issuer, any shares of the Conversion Security that would be issued on 

  
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conversion of the Notes); or (iv) any merger, or other similar transaction to which the Issuer is a party as a result of which the shareholders of the Issuer immediately prior to such
transaction beneficially own less than 50% of the aggregate voting power of the fully diluted equity interests in the Surviving Person (or, if the common stock of the Issuer is exchanged for or otherwise converted into Common Equity of another
Person in such transaction, the Successor Issuer) (but excluding for the purposes of the calculation of the fully diluted equity interests in the Issuer, any shares of the Conversion Security that would be issued on conversion of the then
Outstanding Principal Balance of issued Notes and any accrued and unpaid Interest thereon). Notwithstanding the foregoing, (A) a bona fide equity financing transaction in which the Issuer is the surviving corporation and the proceeds of such
transaction are not being used to repurchase or redeem Capital Stock of the Issuer shall not be deemed to be a Change of Control, and (B) a transaction pursuant to which the Issuer becomes a wholly-owned Subsidiary of a Person with a majority
of its shares owned by Persons who, immediately prior to the consummation of such transaction, held a majority of the shares of the Issuer shall not be deemed to be a Change of Control under clause (iii) above, provided that solely in the case
of clause (B), the Issuer shall have engaged in good-faith discussions with [_________] prior to such transaction in order to explore avenues to consummate such transaction in a tax-efficient manner for the
Holders and the SPV Investors. 
 (b)    “Change of Control Effective Date” means the date on which a
Change of Control occurs. 
 (c)    “Change of Control Notice” means a notice from the Issuer to the
Requisite Holders stating: (i) that a Public Issuer Change of Control is anticipated to occur, (ii) the material financial terms of such Public Issuer Change of Control; and (iii) the anticipated Change of Control Effective Date with
respect to such Public Issuer Change of Control. 
 (d)    “Change of Control Public Issuer Conversion
Amount” shall equal (A) the Note Obligations Amount to be converted on the applicable Change of Control Effective Date divided by (B) the product of (x) the Change of Control Public Issuer Conversion Price multiplied by
(y) one minus the then applicable Discount Rate. 
 (e)    “Change of Control Public Issuer Conversion
Price” shall equal the average of the VWAP for such Public Issuer Publicly Traded Shares for each Trading Day during the five (5) Trading Day period ending on the Trading Day immediately preceding the Change of Control Effective Date.

 (f)    “Common Equity” of any Person means Capital Stock of such Person that is generally entitled
(a) to vote in the election of directors of such Person or (b) if such Person is not a corporation, to vote or otherwise participate in the selection of the governing body, partners, managers or others that will control the management or
policies of such Person. 
 (g)    “Conversion Event” means the conversion of this Note by the Holder
upon an IPO in accordance with Section 3(a), a Non-IPO Liquidity Event in accordance with Section 3(b), a Change of Control in accordance with Section 4 or a Maturity Date in accordance with
Section 5(a). 

  
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 (h)    “Conversion Security” means such security issued
by the Issuer upon conversion of this Note pursuant to the terms of conversion set forth herein. 

(i)    “Discount Rate”, with respect to any conversion of the Notes, shall be a rate equal to (x) 1
minus (y) (A) 1 divided by (B) (i) 1.115Payout Period Factor divided by (ii) (I) the Outstanding Principal Balance divided by (II) the Original Principal Amount. 

(j)    “Equity Round” means any non-public offering of Capital
Stock by the Issuer in a transaction or series of related transactions principally for financing purposes in which cash is received by the Issuer and/or debt of the Issuer is cancelled or converted in exchange for Capital Stock of the Issuer
(excluding any conversions of the Notes). 
 (k)    “Exchange Act” means the Securities Exchange Act of
1934, as amended. 
 (l)    “External Investors,” with respect to any Last Qualified Round, investors
in such Equity Round that, prior to giving effect to the investment by such investors in such Equity Round, are not executive officers or directors of the Issuer (or affiliates of such executive officers or directors) and own less than two percent
(2%) of the Issuer’s Capital Stock, as calculated on a fully-diluted basis. 
 (m)    “Hillhouse”
means Hillhouse UB Note Holdings, L.P., a Cayman Islands exempted limited partnership. 

(n)    “Interest” means interest on any Outstanding Principal Balance from time to time, in the manner
and at the Interest rates specified in Section 2 hereof. 
 (o)    “IPO” means a Qualified IPO or
a Non-Qualified IPO, as applicable. 
 (p)    “IPO Conversion
Price” means, with respect to an IPO, (x) the public offering price per share of the IPO Securities in the IPO multiplied by (y) one minus the applicable Discount Rate. 

(q)    “IPO Filing Date” means the first public filing of a registration statement with the United States
Securities and Exchange Commission in connection with an IPO. 
 (r)    “IPO Security” means, with
respect to any IPO, the class of Common Equity offered in connection with such IPO. 
 (s)    “IRR”
means the internal rate of return on the Original Principal Amount such that the net present value as of the Issuance Date of all cash payments to the Holder pursuant to the terms of the Note equals zero. All IRR calculations shall be made using the
XIRR function of the most current version of Microsoft Excel as of the date of determination, or a successor or similar program. 

(t)    “Issuance Date” means the date the Issuer initially issued Notes pursuant to the terms of the
Purchase Agreement. 

  
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Pursuant to 17 C.F.R. Section 200.83 
  

 (u)    “Last Qualified Round” means the last Equity
Round that (i) results in gross proceeds to the Issuer of at least $500 million from the sale of Capital Stock and a majority of such gross proceeds result from sales to External Investors, and (ii) closes at least six months prior to
the Maturity Date. 
 (v)    “Last Qualified Round Equivalent Securities” means, at any date, the
Capital Stock of the Issuer having the same terms (as nearly as possible), including without limitation, liquidation preference, conversion price, priorities, governance rights, voting rights and protective provisions as the securities issued in the
Last Qualified Round. 
 (w)    “Last Qualified Round Equivalent Securities Conversion Amount” means,
at any date, that number of Last Qualified Round Equivalent Securities equal to (A) the Note Obligations Amount to be converted on such date divided by (B) the product of (x) the Last Qualified Round Equivalent Securities Price Per
Share (adjusted for any dividends paid in stock, stock splits or stock combinations with respect to the Last Qualified Round Equivalent Securities) multiplied by (y) one minus the then applicable Discount Rate. 

(x)    “Last Qualified Round Equivalent Securities Price Per Share” means (i) the price per share of
each share of securities issued in the Last Qualified Round multiplied by (ii) 1.05 Last Qualified Round Period Factor. 

(y)    “Last Qualified Round Period Factor” shall equal the length of the period (in years, and any
fraction thereof) from the initial closing date of the Last Qualified Round to the Maturity Date. 

(z)    “Market Disruption Event” means, with respect to any class or series of Common Equity, (a) a
failure by the primary U.S. national or regional securities exchange or market on which such Common Equity is listed or admitted for trading to open for trading during its regular trading session or (b) the occurrence or existence prior to 1:00
p.m., New York City time, on any Scheduled Trading Day for such Common Equity for more than one half-hour period in the aggregate during regular trading hours of any suspension or limitation imposed on trading (by reason of movements in price
exceeding limits permitted by the relevant stock exchange or otherwise) in such Common Equity. 

(aa)    “Material Financial Market Disruption” means, at any time, either (1), in the prior 12-month period, the S&P 500 Index declined 20% or more in any consecutive 3- month period, or (2) there exists a material disruption in the financial markets such
that the Issuer and the Requisite Holders agree that it is unadvisable for the Issuer, after using commercially reasonable efforts, to raise capital in the U.S. public or private debt or equity markets (a “Lost Market Opportunity”)
and such Lost Market Opportunity is unrelated to any adverse change in the business or financial condition of the Issuer. 

(bb)    “Maturity Conversion Election” means an election by the Requisite Holders to convert the Note
into Last Qualified Round Equivalent Securities in accordance with Section 5(a). 
 (cc)    “Maturity Put
Right” means the right, but not the obligation, of the    Holder to cause the Issuer, subject to the provisions of Section 5(b), to repurchase the Note in its 

  
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Pursuant to 17 C.F.R. Section 200.83 
  

 
entirety for an aggregate amount in cash equaling (1) the Original Principal Amount plus (2) any such additional amount such that, upon payment by the Issuer to the Holder of such
amount plus the Original Principal Amount, the Holder shall have received cash payments pursuant to the Maturity Put Right in such aggregate amount that results in an IRR of 8.0% as of the date that the Issuer repays such amount in full (such
amount, the “Maturity Put Cash Amount”). 
 (dd)    “Maturity Put Right Election”
means an election by the Requisite Holders to exercise the Maturity Put Right. 
 (ee)    “Non-IPO Liquidity Event” means the registration by the Issuer of any class or series of its Common Equity under Section 12(b) of the Exchange Act and the admission for trading or listing of such Common
Equity on a Market other than in connection with an IPO. 

(ff)    “Non-Qualified IPO” means any underwritten public
offering of IPO Securities of the Issuer that does not constitute a Qualified IPO. 
 (gg)    “Note Obligations
Amount” means, as at any time, the then Outstanding Principal Balance together with any accrued, unpaid and non-capitalized Interest (including PIK Interest not already reflected in the Outstanding
Principal Balance). 
 (hh)    “Payout Calculation Date” shall mean, as applicable, (a) the
closing date of a Qualified IPO, Non-Qualified IPO, or Change of Control with a Public Issuer, (b) the date of registration by the Issuer of any class or series of its Common Equity under
Section 12(b) of the Exchange Act and the admission for trading or listing of such common stock on the NYSE, Nasdaq Stock Market or another recognized securities exchange other than in connection with an IPO, or (c) the Maturity Date. 

(ii)    “Payout Period Factor” means an amount equal to the sum of (a) the number of whole
years from, and including, the Issuance Date to, but excluding, the Payout Calculation Date, plus (b) the quotient of (i) the number of calendar days from and including the most recent anniversary of the Issuance Date
(determined as of the Payout Calculation Date) to, but excluding, the Payout Calculation Date divided by (ii) 365. 

(jj)    “Person” means an individual or legal entity, including but not limited
to    a corporation, a limited liability Issuer, a partnership, a joint venture, a trust, an unincorporated organization and a government or any department or agency thereof. 

(kk)    “Principal Market” means either the New York Stock Exchange or the Nasdaq Stock Market. 

(ll)    “Private Issuer” means any Person other than a Public Issuer. 

(mm)    “Public Issuer” means a Person whose Common Equity is listed or admitted for trading on a Market.

 (nn)    “Public Issuer Publicly Traded Shares” means, in connection with a Public Issuer Change of
Control, the Common Equity of the Public Issuer that is the Successor Issuer or Surviving Person (or parent company thereof), as applicable, that is listed on a Market, or if there is more than one such class of Common Equity, the class with the
greatest market capitalization. 

  
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 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 (oo)    “Purchase Agreement” means that certain Note
Purchase Agreement dated as of June 5, 2015, by and among the Issuer and the initial holders of the Notes pursuant to which the Issuer issued the Notes. 

(pp)    “Qualified IPO” means a bona fide underwritten public offering of the    IPO
Securities (a) in which such stock is listed on a Principal Market, and (b) either (i) is for gross proceeds at least equal to $1 billion, or (ii) that results in the Issuer’s market capitalization as of the closing date of
such bona fide underwritten public offering being equal to at least $25 billion. 
 (qq)    “Redemption
Date” means (x) the date within thirty (30) days of the Change of Control Effective Date or the closing date of a Qualified IPO, in each case, selected by the Issuer in accordance with Section 6(c)(i) or 6(c)(ii) or
(y) the date of payment of the first Redemption Tranche in accordance with Section 6(c)(iii). 

(rr)    “Redemption Option” means, the Issuer, at its sole discretion and election, shall prepay the Note
by paying the entire Note Obligations Amount in cash (upon which the Note Obligations Amount shall cease to be outstanding). 

(ss)    “Requisite Holders” means, so long as [_________] holds Notes with a principal amount equal to at
least seventy-five percent (75%) of the principal amount of all of the Notes purchased by [_________] or its Affiliates (the “Minimum Threshold”), [_________], and, if [_________] no longer holds Notes with a principal amount equal
to at least the Minimum Threshold, Holders holding a majority of the aggregate Outstanding Principal Balance of the then outstanding Notes[ issued to the New Purchasers]. 

(tt)    “Scheduled Trading Day” means, with respect to any class or series of Common Equity, a day that
is scheduled to be a Trading Day on the Principal Market or other recognized securities exchange on which such Common Equity is listed or admitted for trading; provided, that if such Common Equity is not so listed or admitted for trading,
“Scheduled Trading Day” means a Business Day. 
 (uu)    “SEC” means the United States
Securities and Exchange Commission. 
 (vv)    “Subsidiary” means, with respect to any Person, any
corporation, association, partnership or other business entity of which more than 50% of the total voting power of shares of the Common Equity thereof is at the time of determination owned or controlled, directly or indirectly, by (i) such
Person; (ii) such Person and one or more Subsidiaries of such Person; or (iii) one or more Subsidiaries of such Person. 

(ww)    “Successor Issuer” means, in any Change of Control in which the common stock of the Issuer is
converted into, or exchanged for, in whole or in part, Common Equity of another Person, the Person who issues such Common Equity. 

(xx)    “Surviving Person” means the surviving Person in a merger or consolidation involving the Issuer.

  
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Pursuant to 17 C.F.R. Section 200.83 
  

 (yy)    “Trading Day” means, with respect to any class
or series of Common Equity, a day on which (i) there is no Market Disruption Event and (ii) trading in such Common Equity generally occurs on applicable Market or, if such Common Equity is not then listed on the Market, or, if such Common
Equity is not then listed on a Market, on the principal other market on which such Common Equity is then traded; provided, that if the Common Equity (or such other security) is not so listed or traded, “Trading Day” means a Business Day.

 (zz)    “VWAP” shall mean, with respect to any class or series of Common Equity, the daily dollar
volume-weighted average sale price for such Common Equity (x) if trading on a Principal Market, on its Principal Market on any particular Trading Day during the period beginning at 9:30 a.m., New York City Time (or such other time as the
Principal Market publicly announces is the official open of trading), and ending at 4:00 p.m., New York City Time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its
“Volume at Price” functions or (y) if trading on another Market, on such Market on any particular Trading Day during the period beginning at such time as such Market publicly announces is the official open of trading, and ending at
such time as such Market publicly announces is the official close of trading) on any particular Trading Day, as reported by Bloomberg (or if transactions on such Market are not reported by Bloomberg, as reported using a customary source for such
Market mutually determined by the Issuer and the Requisite Holders); provided, that any accrued dividends payable to the record holders prior to the conversion date shall be deducted from the calculation of the VWAP. If the VWAP cannot be calculated
for such security on such date on the foregoing basis, the VWAP of such security on such date shall be the fair market value as mutually determined by the Issuer and the Requisite Holders. All such determinations of VWAP shall to be appropriately
and equitably adjusted in accordance with the provisions set forth herein. 
 [Signature Page Follows] 

  
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 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 IN WITNESS WHEREOF, the Issuer has caused this Note to be duly executed as of the Issuance
Date set out above. 
  

			
	UBER TECHNOLOGIES, INC.
		
	By:	 	/s/ Travis Kalanick
		 	Name:  Travis Kalanick
		 	Title:    Chief Executive Officer

  
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 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 Exhibit I 

UBER TECHNOLOGIES, INC. 

CONVERSION NOTICE 
 Reference is made to
the Unsecured PIK Convertible Note (the “Note”) issued to the undersigned by Uber Technologies, Inc. (the “Issuer”). In accordance with and pursuant to the Note, the undersigned hereby elects to convert the
Conversion Amount (as defined in the Note) of the Note indicated below into shares of the Conversion Security (as defined in the Note) as indicated below, as of the date specified below. 

Date of Conversion: 
 Aggregate
Conversion Amount to be converted: 
 Please confirm the following information: 

Conversion Price: 
 Type of
Conversion Security and number of shares of the Conversion Security to be issued: 
 Please issue the Conversion Security into which the Note is being
converted in the following name and to the following address: 
 Issue to: 

Facsimile Number: 

Authorization: 
  

									
	By:	 	 	  		  			
		 	Title:	  		  			

 Dated: 
 Account
Number: 
 (if electronic book entry transfer) 

Transaction Code Number: 
 (if
electronic book entry transfer) 

  
 26EX-10.1

 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 Exhibit 10.1 

UBER TECHNOLOGIES, INC. 

AMENDED AND RESTATED 2010 STOCK PLAN 

Adopted August 6, 2010 

Amended and Restated February 10, 2011 

Amended and Restated March 30, 2012 

Amended and Restated July 31, 2013 

  

 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 PLAN HISTORY 
  

			
	 Date
	  	 Event

		
	August 6, 2010	  	Adopted with 2,420,043 shares under Plan
		
	February 10, 2011	  	 Increased to 4,282,029 shares under the Plan

in connection with the Series A Financing

		
	February 10, 2011	  	 Changed the Company’s name from

“UberCab, Inc.” to “Uber Technologies, Inc.”

		
	March 30, 2012	  	Transfer Restrictions
		
	July 31, 2013	  	 Increased to 5,049,957shares under the Plan

after effectiveness of stockholder approval on

July 31, 2013

		
	July 31, 2013	  	 Decreased to 1,407,172 shares under the Plan

in connection with the Series C Financing

  
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 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 UBER TECHNOLOGIES, INC. 

AMENDED AND RESTATED 2010 STOCK PLAN 

1.    Purposes of the Plan. The purposes of this Amended and Restated 2010 Stock Plan are to attract
and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to Employees and Consultants, and to promote the success of the Company’s business. Options granted under the Plan may be
Incentive Stock Options or Nonstatutory Stock Options, as determined by the Administrator at the time of grant of an Option and subject to the applicable provisions of Section 422 of the Code and the regulations promulgated thereunder.
Restricted Stock may also be granted under the Plan. 
 2.    Definitions. As used herein, the
following definitions shall apply: 
 (a)    “2013 Plan” means the Company’s 2013 Equity
Incentive Plan. 
 (b)    “Administrator” means the Board or a Committee. 

(c)    “Affiliate” means an entity other than a Subsidiary which, together with the Company, is
under common control of a third person or entity. 
 (d)    “Applicable Laws” means all
applicable laws, rules, regulations and requirements, including, but not limited to, all applicable U.S. federal or state laws, any Stock Exchange rules or regulations, and the applicable laws, rules or regulations of any other country or
jurisdiction where Options or Restricted Stock are granted under the Plan or Participants reside or provide services, as such laws, rules, and regulations shall be in effect from time to time. 

(e)    “Award” means any award of an Option or Restricted Stock under the Plan. 

(f)    “Board” means the Board of Directors of the Company. 

(g)    “California Participant” means a Participant whose Award is issued in reliance on
Section 25102(o) of the California Corporations Code. 
 (h)    “Cashless Exercise” means a
program approved by the Administrator in which payment of the Option exercise price or tax withholding obligations may be satisfied, in whole or in part, with Shares subject to the Option, including by delivery of an irrevocable direction to a
securities broker (on a form prescribed by the Administrator) to sell Shares and to deliver all or part of the sale proceeds to the Company in payment of the aggregate exercise price and, if applicable, the amount necessary to satisfy the
Company’s withholding obligations. 
 (i)    “Cause” for termination of a
Participant’s Continuous Service Status will exist (unless another definition is provided in an applicable Option Agreement, Restricted Stock Purchase Agreement, employment agreement or other applicable written agreement) if the
Participant’s Continuous Service Status is terminated for any of the following reasons: (i) Participant’s willful failure to perform his or her duties and responsibilities to the Company or Participant’s violation of any written
Company policy; (ii) Participant’s commission of any act of fraud, embezzlement, dishonesty or any other willful misconduct that has caused or is reasonably 

  
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Pursuant to 17 C.F.R. Section 200.83 
  

 
expected to result in injury to the Company; (iii) Participant’s unauthorized use or disclosure of any proprietary information or trade secrets of the Company or any other party to whom
the Participant owes an obligation of nondisclosure as a result of his or her relationship with the Company; or (iv) Participant’s material breach of any of his or her obligations under any written agreement or covenant with the Company.
The determination as to whether a Participant’s Continuous Service Status has been terminated for Cause shall be made in good faith by the Company and shall be final and binding on the Participant. The foregoing definition does not in any way
limit the Company’s ability to terminate a Participant’s employment or consulting relationship at any time, and the term “Company” will be interpreted to include any Subsidiary, Parent, Affiliate, or any successor thereto, if
appropriate. 
 (j)    “Code” means the Internal Revenue Code of 1986, as amended. 

(k)    “Committee” means one or more committees or subcommittees of the Board consisting of two
(2) or more Directors (or such lesser or greater number of Directors as shall constitute the minimum number permitted by Applicable Laws to establish a committee or sub-committee of the Board) appointed
by the Board to administer the Plan in accordance with Section 4 below. 
 (l)    “Common
Stock” means the Company’s Class B Common Stock, par value $0.0001 per share, as adjusted in accordance with Section 17 below. 

(m)    “Company” means Uber Technologies, Inc., a Delaware corporation. 

(n)    “Consultant” means any person, including an advisor but not an Employee, who is engaged by
the Company, or any Parent, Subsidiary or Affiliate, to render services (other than capital-raising services) and is compensated for such services, and any Director whether compensated for such services or not. 

(o)    “Continuous Service Status” means the absence of any interruption or termination of service
as an Employee or Consultant. Continuous Service Status as an Employee or Consultant shall not be considered interrupted or terminated in the case of: (i) Company approved sick leave; (ii) military leave; (iii) any other bona fide
leave of absence approved by the Administrator, provided that such leave is for a period of not more than ninety (90) days, unless reemployment upon the expiration of such leave is guaranteed by contract or statute, or unless provided otherwise
pursuant to a written Company policy. Also, Continuous Service Status as an Employee or Consultant shall not be considered interrupted or terminated in the case of a transfer between locations of the Company or between the Company, its Parents,
Subsidiaries or Affiliates, or their respective successors, or a change in status from an Employee to a Consultant or from a Consultant to an Employee. 

(p)    “Director” means a member of the Board. 

(q)    “Disability” means “disability” within the meaning of Section 22(e)(3) of
the Code. 
 (r)    “Employee” means any person employed by the Company, or any Parent,
Subsidiary or Affiliate, with the status of employment determined pursuant to such factors as are 

  
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 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 
deemed appropriate by the Administrator in its sole discretion, subject to any requirements of the Applicable Laws, including the Code. The payment by the Company of a director’s fee shall
not be sufficient to constitute “employment” of such director by the Company or any Parent, Subsidiary or Affiliate. 

(s)    “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

(t)    “Fair Market Value” means, as of any date, the per share fair market value of the Common
Stock, as determined by the Administrator in good faith on such basis as it deems appropriate and applied consistently with respect to Participants. Whenever possible, the determination of Fair Market Value shall be based upon the per share closing
price for the Shares as reported in the Wall Street Journal for the applicable date. 
 (u)    “Family
Members” means any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law,
daughter-in-law, brother-in-law, or sister-in-law (including adoptive relationships) of the Optionee, any person sharing the Optionee’s household (other than a tenant or employee), a trust in which these persons (or the Optionee) have more
than 50% of the beneficial interest, a foundation in which these persons (or the Optionee) control the management of assets, and any other entity in which these persons (or the Optionee) own more than 50% of the voting interests. 

(v)    “Incentive Stock Option” means an Option intended to qualify as an incentive stock option
within the meaning of Section 422 of the Code, as designated in the applicable Option Agreement. 

(w)    “Involuntary Termination” means (unless another definition is provided in the applicable
Option Agreement, Restricted Stock Purchase Agreement, employment agreement or other applicable written agreement) the termination of a Participant’s Continuous Service Status other than for death or Disability or for Cause by the Company or a
Subsidiary, Parent, Affiliate or successor thereto, as appropriate. 
 (x)    “Listed Security”
means any security of the Company that is listed or approved for listing on a national securities exchange or designated or approved for designation as a national market system security on an interdealer quotation system by the National Association
of Securities Dealers, Inc. 
 (y)    “Nonstatutory Stock Option” means an Option not intended
to qualify as an Incentive Stock Option, as designated in the applicable Option Agreement. 

(z)    “Option” means a stock option granted pursuant to the Plan. 

(aa)    “Option Agreement” means a written document, the form(s) of which shall be approved from
time to time by the Administrator, reflecting the terms of an Option granted under the Plan and includes any documents attached to or incorporated into such Option Agreement, including, but not limited to, a notice of stock option grant and a form
of exercise notice. 

  
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 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 (bb)    “Option Exchange Program” means a program
approved by the Administrator whereby outstanding Options (i) are exchanged for Options with a lower exercise price or Restricted Stock or (ii) are amended to decrease the exercise price as a result of a decline in the Fair Market Value of
the Common Stock. 
 (cc)    “Optioned Stock” means Shares that are subject to an Option or that
were issued pursuant to the exercise of an Option. 
 (dd)    “Optionee” means an Employee or
Consultant who receives an Option. 
 (ee)    “Parent” means any corporation (other than the
Company) in an unbroken chain of corporations ending with the Company if, at the time of grant of the Award, each of the corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock
in one of the other corporations in such chain. A corporation that attains the status of a Parent on a date after the adoption of the Plan shall be considered a Parent commencing as of such date. 

(ff)    “Participant” means any holder of one or more Awards or Shares issued pursuant to an
Award. 
 (gg)    “Plan” means this Amended and Restated 2010 Stock Plan. 

(hh)    “Restricted Stock” means Shares acquired pursuant to a right to purchase Common Stock
granted pursuant to Section 11 below. 
 (ii)    “Restricted Stock Purchase Agreement”
means a written document, the form(s) of which shall be approved from time to time by the Administrator, reflecting the terms of Restricted Stock granted under the Plan and includes any documents attached to such agreement. 

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

(kk)    “Share” means a share of Common Stock, as adjusted in accordance with Section 17
below. 
 (ll)    “Stock Exchange” means any stock exchange or consolidated stock price
reporting system on which prices for the Common Stock are quoted at any given time. 

(mm)    “Subsidiary” means any corporation (other than the Company) in an unbroken chain of
corporations beginning with the Company if, at the time of grant of the Award, each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of
stock in one of the other corporations in such chain. A corporation that attains the status of a Subsidiary on a date after the adoption of the Plan shall be considered a Subsidiary commencing as of such date. 

(nn)    “Ten Percent Holder” means a person who owns stock representing more than 10% of the
voting power of all classes of stock of the Company or any Parent or Subsidiary measured as of an Award’s date of grant. 

  
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 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 (oo)    “Triggering Event” means: 

(i)    a sale, transfer or disposition of all or substantially all of the Company’s assets other than to (A) a
corporation or other entity of which at least a majority of its combined voting power is owned directly or indirectly by the Company, (B) a corporation or other entity owned directly or indirectly by the holders of capital stock of the Company
in substantially the same proportions as their ownership of Common Stock, or (C) an Excluded Entity (as defined in subsection (ii) below); or 

(ii)    any merger, consolidation or other business combination transaction of the Company with or into another
corporation, entity or person, other than a transaction with or into another corporation, entity or person in which the holders of at least a majority of the shares of voting capital stock of the Company outstanding immediately prior to such
transaction continue to hold (either by such shares remaining outstanding in the continuing entity or by their being converted into shares of voting capital stock of the surviving entity) a majority of the total voting power represented by the
shares of voting capital stock of the Company (or the surviving entity) outstanding immediately after such transaction (an “Excluded Entity”). 

Notwithstanding anything stated herein, a transaction shall not constitute a “Triggering Event” if its sole purpose is to change the state of the
Company’s incorporation, or to create a holding company that will be owned in substantially the same proportions by the persons who hold the Company’s securities immediately before such transaction. For clarity, the term “Triggering
Event” as defined herein shall not include stock sale transactions by the Company, the Company’s initial public offering after which the Common Stock becomes a listed security, or any other capital raising event. 

3.    Stock Subject to the Plan. Subject to the provisions of Section 17 of the Plan, the
maximum aggregate number of Shares that may be issued under the Plan is 1,407,172 Shares, of which a maximum of 14,071,720 Shares may be issued under the Plan pursuant to Incentive Stock Options. The Shares issued under the Plan may be authorized,
but unissued, or reacquired Shares. If an Award should expire or become unexercisable for any reason without having been exercised in full, or is surrendered pursuant to an Option Exchange Program, the unpurchased Shares that were subject thereto
shall not become available for future grant under the Plan and shall instead become available for future grant under the Company’s 2013 Plan under the terms set forth therein. In addition, any Shares which are retained by the Company upon
exercise of an Award in order to satisfy the exercise or purchase price for such Award or any withholding taxes due with respect to such Award shall be treated as not issued and shall be available under the 2013 Plan under the terms set forth
therein. Shares issued under the Plan and later repurchased by the Company pursuant to any repurchase right that the Company may have shall not be available for future grant under the 2010 Plan and shall be available for future grant under the 2013
Plan. 
 4.    Administration of the Plan. 

(a)    General. The Plan shall be administered by the Board or a Committee, or a combination thereof,
as determined by the Board. The Plan may be administered by different administrative bodies with respect to different classes of Participants and, if permitted by Applicable Laws, the Board may authorize one or more officers of the Company to make
Awards under the Plan to Employees and Consultants (who are not subject to Section 16 of the Exchange Act) within parameters specified by the Board. 

  
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 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 (b)    Committee Composition. If a Committee has
been appointed pursuant to this Section 4, such Committee shall continue to serve in its designated capacity until otherwise directed by the Board. From time to time the Board may increase the size of any Committee and appoint additional
members thereof, remove members (with or without cause) and appoint new members in substitution therefor, fill vacancies (however caused) and dissolve a Committee and thereafter directly administer the Plan, all to the extent permitted by the
Applicable Laws and, in the case of a Committee administering the Plan in accordance with the requirements of Rule 16b-3 or Section 162(m) of the Code, to the extent permitted or required by such
provisions. 
 (c)    Powers of the Administrator. Subject to the provisions of the Plan and, in
the case of a Committee, the specific duties delegated by the Board to such Committee, the Administrator shall have the authority, in its sole discretion: 

(i)    to determine the Fair Market Value of the Common Stock in accordance with Section 2(s) above, provided that
such determination shall be applied consistently with respect to Participants under the Plan; 
 (ii)    to select the
Employees and Consultants to whom Awards may from time to time be granted; 
 (iii)    to determine the number of
Shares to be covered by each Award; 
 (iv)    to approve the form(s) of agreement(s) and other related documents used
under the Plan; 
 (v)    to determine the terms and conditions, not inconsistent with the terms of the Plan, of any
Award granted hereunder, which terms and conditions include but are not limited to the exercise or purchase price, the time or times when Awards may be exercised (which may be based on performance criteria), the circumstances (if any) when vesting
will be accelerated or forfeiture restrictions will be waived, and any restriction or limitation regarding any Award, Optioned Stock, or Restricted Stock; 

(vi)    to amend any outstanding Award or agreement related to any Optioned Stock or Restricted Stock, including any
amendment adjusting vesting (e.g., in connection with a change in the terms or conditions under which such person is providing services to the Company), provided that no amendment shall be made that would materially and adversely affect the rights
of any Participant without his or her consent; 
 (vii)    to determine whether and under what circumstances an Option
may be settled in cash under Section 10(c) instead of Common Stock; 
 (viii)    to implement an Option Exchange
Program and establish the terms and conditions of such Option Exchange Program, provided that no amendment or adjustment to an Option that would materially and adversely affect the rights of any Optionee shall be made without his or her consent;

  
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 (ix)    to grant Awards to, or to modify the terms of any outstanding
Option Agreement or Restricted Stock Purchase Agreement or any agreement related to any Optioned Stock or Restricted Stock held by, Participants who are foreign nationals or employed outside of the United States with such terms and conditions as the
Administrator deems necessary or appropriate to accommodate differences in local law, tax policy or custom which deviate from the terms and conditions set forth in this Plan to the extent necessary or appropriate to accommodate such differences; and

 (x)    to construe and interpret the terms of the Plan, any Option Agreement or Restricted Stock Purchase Agreement,
and any agreement related to any Optioned Stock or Restricted Stock, which constructions, interpretations and decisions shall be final and binding on all Participants. 

(d)    Indemnification. To the maximum extent permitted by Applicable Laws, each member of the
Committee (including officers of the Company, if applicable), or of the Board, as applicable, shall be indemnified and held harmless by the Company against and from (i) any loss, cost, liability, or expense that may be imposed upon or
reasonably incurred by him or her in connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action taken or failure to act under the Plan or
pursuant to the terms and conditions of any Award except for actions taken in bad faith or failures to act in bad faith, and (ii) any and all amounts paid by him or her in settlement thereof, with the Company’s approval, or paid by him or
her in satisfaction of any judgment in any such claim, action, suit, or proceeding against him or her, provided that such member shall give the Company an opportunity, at its own expense, to handle and defend any such claim, action, suit or
proceeding before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the
Company’s Articles of Incorporation, Certificate of Incorporation or Bylaws, by contract, as a matter of law, or otherwise, or under any other power that the Company may have to indemnify or hold harmless each such person. 

5.    Eligibility. 

(a)    Recipients of Grants. Nonstatutory Stock Options and Restricted Stock may be granted to
Employees and Consultants. Incentive Stock Options may be granted only to Employees, provided that Employees of Affiliates shall not be eligible to receive Incentive Stock Options. 

(b)    Type of Option. Each Option shall be designated in the Option Agreement as either an Incentive
Stock Option or a Nonstatutory Stock Option. 
 (c)    ISO $100,000 Limitation. Notwithstanding any
designation under Section 5(b), to the extent that the aggregate Fair Market Value of Shares with respect to which Options designated as Incentive Stock Options are exercisable for the first time by any Optionee during any calendar year (under
all plans of the Company or any Parent or Subsidiary) exceeds $100,000, such excess Options shall be treated as Nonstatutory Stock Options. For purposes of this Section 5(c), Incentive Stock Options shall be taken into account in the order in
which they were granted, and the Fair Market Value of the Shares subject to an Incentive Stock Option shall be determined as of the date of the grant of such Option. 

  
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 (d)    No Employment Rights. Neither the Plan nor
any Award shall confer upon any Employee or Consultant any right with respect to continuation of an employment or consulting relationship with the Company (any Parent or Subsidiary), nor shall it interfere in any way with such Employee’s or
Consultant’s right or the Company’s (Parent’s or Subsidiary’s) right to terminate his or her employment or consulting relationship at any time, with or without cause. 

6.    Term of Plan. The Plan shall become effective upon its adoption by the Board of Directors. It
shall continue in effect for a term of ten (10) years unless sooner terminated under Section 19 below. 

7.    Term of Option. The term of each Option shall be the term stated in the Option Agreement;
provided that the term shall be no more than ten (10) years from the date of grant thereof or such shorter term as may be provided in the Option Agreement and provided further that, in the case of an Incentive Stock Option granted to a person
who at the time of such grant is a Ten Percent Holder, the term of the Option shall be five (5) years from the date of grant thereof or such shorter term as may be provided in the Option Agreement. 

8.    Limitation on Grants to Participants. On and after such time, if any, as the Common Stock
becomes a Listed Security and subject to adjustment as provided in Section 17 below, the maximum aggregate number of Shares that may be subject to Awards granted to any one person under this Plan for any fiscal year of the Company shall be
1,407,172 Shares, provided that such limitation shall be 1,407,172 Shares during the fiscal year of any person’s initial year of service with the Company. 

9.    Option Exercise Price and Consideration. 

(a)    Exercise Price. The per Share exercise price for the Shares to be issued pursuant to the
exercise of an Option shall be such price as is determined by the Administrator and set forth in the Option Agreement, but shall be subject to the following: 

(i)    In the case of an Incentive Stock Option 

(A)    granted to an Employee who at the time of grant is a Ten Percent Holder, the per Share exercise price shall be no
less than 110% of the Fair Market Value on the date of grant; 
 (B)    granted to any other Employee, the per Share
exercise price shall be no less than 100% of the Fair Market Value on the date of grant; 
 (ii)    Except as provided
in subsection (iii) below, in the case of a Nonstatutory Stock Option the per Share exercise price shall be such price as is determined by the Administrator, provided that, if the per Share exercise price is less than 100% of the Fair Market
Value on the date of grant, it shall otherwise comply with all Applicable Laws, including Section 409A of the Code; 

  
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 (iii)    In the case of a Nonstatutory Stock Option that is intended to
qualify as performance-based compensation under Section 162(m) of the Code and is granted on or after the date, if ever, on which the Common Stock becomes a Listed Security, the per Share exercise price shall be no less than 100% of the Fair
Market Value on the date of grant; and 
 (iv)    Notwithstanding the foregoing, Options may be granted with a per
Share exercise price other than as required above pursuant to a merger or other corporate transaction. 

(b)    Permissible Consideration. The consideration to be paid for the Shares to be issued upon
exercise of an Option, including the method of payment, shall be determined by the Administrator (and, in the case of an Incentive Stock Option and to the extent required by Applicable Laws, shall be determined at the time of grant) and may consist
entirely of (1) cash; (2) check; (3) to the extent permitted under Applicable Laws, delivery of a promissory note with such recourse, interest, security and redemption provisions as the Administrator determines to be appropriate
(subject to the provisions of Section 153 of the Delaware General Corporation Law); (4) cancellation of indebtedness; (5) other previously owned Shares that have a Fair Market Value on the date of surrender equal to the aggregate
exercise price of the Shares as to which the Option is exercised; (6) a Cashless Exercise; (7) such other consideration and method of payment permitted under Applicable Laws; or (8) any combination of the foregoing methods of payment.
In making its determination as to the type of consideration to accept, the Administrator shall consider if acceptance of such consideration may be reasonably expected to benefit the Company and the Administrator may, in its sole discretion, refuse
to accept a particular form of consideration at the time of any Option exercise. 
 10.    Exercise of
Option. 
 (a)    General. 

(i)    Exercisability. Any Option granted hereunder shall be exercisable at such times and under
such conditions as determined by the Administrator, consistent with the terms of the Plan and reflected in the Option Agreement, including vesting requirements and/or performance criteria with respect to the Company, and Parent or Subsidiary, and/or
the Optionee. 
 (ii)    Leave of Absence. The Administrator shall have the discretion to
determine whether and to what extent the vesting of Options shall be tolled during any unpaid leave of absence; provided, however, that in the absence of such determination, vesting of Options shall be tolled during any such unpaid leave (unless
otherwise required by the Applicable Laws). Notwithstanding the foregoing, in the event of military leave, vesting shall toll during any unpaid portion of such leave, provided that, upon a Optionee’s returning from military leave (under
conditions that would entitle him or her to protection upon such return under the Uniform Services Employment and Reemployment Rights Act), he or she shall be given vesting credit with respect to Options to the same extent as would have applied had
the Optionee continued to provide services to the Company (or any Parent or Subsidiary, if applicable) throughout the leave on the same terms as he or she was providing services immediately prior to such leave. 

  
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 (iii)    Minimum Exercise Requirements. An Option
may not be exercised for a fraction of a Share. The Administrator may require that an Option be exercised as to a minimum number of Shares, provided that such requirement shall not prevent an Optionee from exercising the full number of Shares as to
which the Option is then exercisable. 
 (iv)    Procedures for and Results of Exercise. An Option
shall be deemed exercised when written notice of such exercise has been received by the Company in accordance with the terms of the Option Agreement by the person entitled to exercise the Option and the Company has received full payment for the
Shares with respect to which the Option is exercised and has paid, or made arrangements to satisfy, any applicable withholding requirements in accordance with Section 15 below. The exercise of an Option shall result in a decrease in the number
of Shares that thereafter may be available, both for purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised. 

(v)    Rights as Holder of Capital Stock. Until the issuance of the Shares (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a holder of capital stock shall exist with respect to the Optioned Stock,
notwithstanding the exercise of the Option. No adjustment will be made for a dividend or other right for which the record date is prior to the date the stock certificate is issued, except as provided in Section 14 below. 

(b)    Termination of Employment or Consulting Relationship. The Administrator shall establish and
set forth in the applicable Option Agreement the terms and conditions upon which an Option shall remain exercisable, if at all, following termination of an Optionee’s Continuous Service Status, which provisions may be waived or modified by the
Administrator at any time. To the extent that an Option Agreement does not specify the terms and conditions upon which an Option shall terminate upon termination of an Optionee’s Continuous Service Status, the following provisions shall apply:

 (i)    General Provisions. If the Optionee (or other person entitled to exercise the Option)
does not exercise the Option to the extent so entitled within the time specified below, the Option shall terminate and the Optioned Stock underlying the unexercised portion of the Option shall revert to the Plan. In no event may any Option be
exercised after the expiration of the Option term as set forth in the Option Agreement (and subject to Section 7). 

(ii)    Termination other than Upon Disability or Death or for Cause. In the event of termination of
an Optionee’s Continuous Service Status other than under the circumstances set forth in subsections (iii) through (v) below, such Optionee may exercise any outstanding Option at any time within thirty (30) days following such
termination to the extent the Optionee is vested in the Optioned Stock. 
 (iii)    Disability of
Optionee. In the event of termination of an Optionee’s Continuous Service Status as a result of his or her Disability, such Optionee may exercise any outstanding Option at any time within six (6) months following such
termination to the extent the Optionee is vested in the Optioned Stock. 

  
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 (iv)    Death of Optionee. In the event of the
death of an Optionee during the period of Continuous Service Status since the date of grant of any outstanding Option, or within thirty (30) days following termination of Optionee’s Continuous Service Status, the Option may be exercised by
the Optionee’s estate, or by a person who acquired the right to exercise the Option by bequest or inheritance, at any time within twelve (12) months following the date of death or, if earlier, the date the Optionee’s Continuous
Service Status terminated, but only to the extent the Optionee is vested in the Optioned Stock. 

(v)    Termination for Cause. In the event of termination of an Optionee’s Continuous Service
Status for Cause, any outstanding Option (including any vested portion thereof) held by such Optionee shall immediately terminate in its entirety upon first notification to the Optionee of termination of the Optionee’s Continuous Service Status
for Cause. If an Optionee’s Continuous Service Status is suspended pending an investigation of whether the Optionee’s Continuous Service Status will be terminated for Cause, all the Optionee’s rights under any Option, including the
right to exercise the Option, shall be suspended during the investigation period. Nothing in this Section 10(b)(v) shall in any way limit the Company’s right to purchase unvested Shares issued upon exercise of an Option as set forth in the
applicable Option Agreement. 
 (c)    Buyout Provisions. The Administrator may at any time offer
to buy out for a payment in cash or Shares an Option previously granted under the Plan based on such terms and conditions as the Administrator shall establish and communicate to the Optionee at the time that such offer is made. 

11.    Restricted Stock. 

(a)    Rights to Purchase. When a right to purchase Restricted Stock is granted under the Plan, the
Administrator shall advise the recipient in writing of the terms, conditions and restrictions related to the offer, including the number of Shares that such person shall be entitled to purchase, the price to be paid (which shall be as determined by
the Administrator, subject to Applicable Laws, including any applicable securities laws), and the time within which such person must accept such offer. The permissible consideration for Restricted Stock shall be determined by the Administrator and
shall be the same as is set forth in Section 9(b) with respect to exercise of Options. The offer to purchase Shares shall be accepted by execution of a Restricted Stock Purchase Agreement in the form determined by the Administrator. 

(b)    Repurchase Option. 

(i)    General. Unless the Administrator determines otherwise, the Restricted Stock Purchase
Agreement shall grant the Company a repurchase option exercisable upon the voluntary or involuntary termination of the Participant’s Continuous Service Status for any reason (including death or Disability). The purchase price for Shares
repurchased pursuant to the Restricted Stock Purchase Agreement shall be the original purchase price paid by the purchaser and may be paid by cancellation of any indebtedness of the purchaser to the Company. The repurchase option shall lapse at such
rate as the Administrator may determine. 
 (ii)    Leave of Absence. The Administrator shall have
the discretion to determine whether and to what extent the lapsing of Company repurchase rights shall be tolled 

  
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during any unpaid leave of absence; provided, however, that in the absence of such determination, such lapsing shall be tolled during any such unpaid leave (unless otherwise required by the
Applicable Laws). Notwithstanding the foregoing, in the event of military leave, the lapsing of Company repurchase rights shall toll during any unpaid portion of such leave, provided that, upon a Participant’s returning from military leave
(under conditions that would entitle him or her to protection upon such return under the Uniform Services Employment and Reemployment Rights Act), he or she shall be given vesting credit with respect to Shares purchased pursuant to the Restricted
Stock Purchase Agreement to the same extent as would have applied had the Participant continued to provide services to the Company (or any Parent or Subsidiary, if applicable) throughout the leave on the same terms as he or she was providing
services immediately prior to such leave. 
 (c)    Other Provisions. The Restricted Stock Purchase
Agreement shall contain such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its sole discretion. In addition, the provisions of Restricted Stock Purchase Agreements need not be the
same with respect to each Participant. 
 (d)    Rights as a Holder of Capital Stock. Once the
Restricted Stock is purchased, the Participant shall have the rights equivalent to those of a holder of capital stock, and shall be a record holder when his or her purchase is entered upon the records of the duly authorized transfer agent of the
Company. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Restricted Stock is purchased, except as provided in Section 17 of the Plan. 

12.    Transfer Restrictions on Shares. 

(a)    The holder of any Shares of the Company (a “Security Holder”) shall not transfer, assign,
pledge, encumber or otherwise dispose of any Shares of the Company (a “Security”), other than by means of a Permitted Transfer (as defined below), without the prior written consent of the Company’s Board of Directors. If any
provision(s) of any agreement(s) currently in effect by and between the Company and any Security Holder (the “Security Holder Agreement(s)”) conflicts with Section 8.12 of the Company’s bylaws, Section 8.12
shall govern, and the non-conflicting remainder of the Option Agreement(s) shall continue in full force and effect. 

(b)    A “Permitted Transfer” as used in this Section 12 shall be defined as: 

(i)    any repurchase of a Share by the Company: (i) at cost, upon the occurrence of certain events, such as the
termination of employment or services; or (ii) at any price pursuant to the Company’s exercise of a right of first refusal to repurchase such shares; 

(ii)    the transfer of any or all of the Shares held by a Security Holder to a single trust for the benefit of the
Security Holder or the Security Holder’s Immediate Family. As used herein, the term “Immediate Family” will mean Security Holder’s spouse or Spousal Equivalent, the lineal descendant or antecedent, father, mother,
brother or sister, whether or not any of the above are adopted. As used herein, a person is deemed to be a “Spousal Equivalent” provided the following circumstances are true: (i) irrespective of whether or not the relevant person

  
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and the Spousal Equivalent are the same sex, they are the sole spousal equivalent of the other for the last twelve (12) months, (ii) they intend to remain so indefinitely, (iii) neither
are married to anyone else, (iv) both are at least 18 years of age and mentally competent to consent to contract, (v) they are not related by blood to a degree of closeness that which would prohibit legal marriage in the state in which
they legally reside, (vi) they are jointly responsible for each other’s common welfare and financial obligations, and (vii) they reside together in the same residence for the last twelve (12) months and intend to do so
indefinitely; 
 (iii)    any transfer effected pursuant to the Security Holder’s will or the laws of intestate
succession; 
 (iv)    if the Security Holder is a partnership, limited liability company or a Company, no more than
five (5) transfers to an Affiliate (as defined below) of such partnership, limited liability company or corporation; and/or 

(v)    the transfer by a Major Investor (as defined in the Amended and Restated Right of First Refusal and Co-Sale Agreement dated November 23, 2011, as amended from time to time, or any successor agreement (the “Co-Sale Agreement”)) exercising such
Major Investor’s Co-Sale Right (as defined in the Co-Sale Agreement). 

(c)    In the case of any transfer consented to by the Company or described in subsection (b) above, the transferee,
assignee, or other recipient shall receive and hold the Securities subject to the provisions of this Section 12, and there shall be no further transfer of such stock except in accordance with this Section 12. 

(d)    For the purposes of this Section 12, “Affiliate” shall mean, with respect to any specified entity,
any other entity which, directly or indirectly, controls, is controlled by, or is under common control with such specified entity, including, without limitation, any general partner, officer, director or manager of such entity and any venture
capital fund now or hereafter existing that is controlled by one or more general partners or managing members of, is under common investment management with, shares the same management or advisory company with or is otherwise affiliated with such
entity. 
 13.    Right of First Refusal. 

(a)    Right of First Refusal. Unless otherwise permitted pursuant to Section 12, before any Shares held by a
Security Holder may be sold or otherwise transferred (including transfer by gift or operation of law), the Company or its assignee(s) shall have a right of first refusal to purchase the Shares on the terms and conditions set forth herein (the
“Right of First Refusal”). 
 (b)    Notice of Proposed Transfer. The Security Holder
shall deliver to the Company a written notice (the “Notice”) stating: (i) the Security Holder’s bona fide intention to sell or otherwise transfer such Shares; (ii) the name of each proposed transferee (“Proposed
Transferee”); (iii) the number of Shares to be transferred to each Proposed Transferee; and (iv) the terms and conditions of each proposed sale or transfer. The Security Holder shall offer the Shares at the same price (the
“Offered Price”) and upon the same terms (or terms as similar as reasonably possible) to the Company or its assignee(s). 

  
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 (c)    Exercise of Right of First Refusal. At any time within
thirty (30) days after receipt of the Notice, the Company and/or its assignee(s) may, by giving written notice to the Security Holder, elect to purchase all, but not less than all, of the Shares proposed to be transferred to any one or more of
the Proposed Transferees, at the purchase price determined in accordance with subsection (d) below. 

(d)    Purchase Price. The purchase price (“Purchase Price”) for the Shares purchased by
the Company or its assignee(s) under this Section 13 shall be the Offered Price. If the Offered Price includes consideration other than cash, the cash equivalent value of the non-cash consideration shall
be determined by the Board of Directors of the Company in good faith. 
 (e)    Payment. Payment of the Purchase
Price shall be made, at the option of the Company or its assignee(s), in cash (by check or wire transfer), by cancellation of all or a portion of any outstanding indebtedness, or by any combination thereof within thirty (30) days after receipt
of the Notice or in the manner and at the times set forth in the Notice. 
 (f)    Security Holder’s Right to
Transfer. If all of the Shares proposed in the Notice to be transferred to the Proposed Transferee(s) are not purchased by the Company and/or its assignee(s) as provided herein, then the Security Holder may sell or otherwise transfer such Shares
to the Proposed Transferee(s) described in the Notice at the Offered Price or at a higher price, provided that such sale or other transfer is consummated within sixty (60) days after the date of the Notice and provided further that any such
sale or other transfer is effected in accordance with any applicable securities laws and Section 12 hereof. If the Shares described in the Notice are not transferred to the Proposed Transferee(s) within such period, or if the Security Holder
proposes to change the price or other terms to make them more favorable to the Proposed Transferee(s), a new Notice shall be given to the Company, and the Company and/or its assignees shall again be offered the right of first refusal provided herein
before any Shares held by the Security Holder may be sold or otherwise transferred. The terms of this subsection (f) may be waived by the Company or its assignee(s) in its sole discretion. 

(g)    Exception for Certain Transfers. Anything to the contrary contained herein notwithstanding, the following
transfers shall be exempt from the Right of First Refusal: 
 (i)    the transfer of any or all of the Shares held by a
Security Holder to a single trust for the benefit of the Security Holder or the Security Holder’s Immediate Family; 

(ii)    any transfer effected pursuant to the Security Holder’s will or the laws of intestate succession; 

(iii)    if the Security Holder is a partnership, limited liability company or a corporation, no more than five
(5) transfers to an Affiliate (as defined above) of such partnership, limited liability company or corporation; and/or 

(iv)    the transfer by a Major Investor (as defined in the Co-Sale Agreement)
exercising such Major Investor’s Co-Sale Right (as defined in the Co-Sale Agreement). 

  
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 In the case of any transfer effected in accordance with subsections (f) or (g) above,
the transferee, assignee or other recipient shall receive and hold the Shares subject to the provisions of this Section 13, and there shall be no further transfer of such stock except in accordance with this Section 13. 

14.    Termination of Rights; Legend; Waiver. 

(a)    Termination of Rights. The restrictions in Sections 12 and 13 shall terminate upon the earlier to occur
of (i) the closing of a Liquidation Transaction (as such term is defined in the Company’s Restated Certificate of Incorporation, as amended or restated from time to time) or (ii) immediately prior to an initial public offering under
the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder pursuant to which all outstanding shares of the Company’s Preferred Stock convert to Common Stock. Upon termination of such restrictions, a new
certificate or certificates representing the outstanding Securities shall be issued, on request, without the legend referred to in subsection 14(b) below and delivered to each Security Holder. 

(b)    Legend. The certificate or certificates representing the Shares may bear the following legend (as well as
any legends required by other agreements and applicable state and federal corporate and securities laws): 
 THE SHARES REPRESENTED BY THIS
CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER CONTAINED IN THE BYLAWS OF THE COMPANY. 
 (c)    Waiver. The
provisions of Sections 12 and 13 may be waived, with respect to any transaction subject thereto, by the Company’s Board of Directors; provided, however, that such restrictions shall continue to apply to the Shares subsequent
to such transaction. 
 15.    Taxes. 

(a)    As a condition of the grant, vesting and exercise of an Award, the Participant (or in the case of the
Participant’s death or a permitted transferee, the person holding or exercising the Award) shall make such arrangements as the Administrator may require for the satisfaction of any applicable U.S. federal, state or local tax withholding
obligations or foreign tax withholding obligations that may arise in connection with such Award. The Company shall not be required to issue any Shares under the Plan until such obligations are satisfied. 

(b)    The Administrator may permit a Participant (or in the case of the Participant’s death or a permitted
transferee, the person holding or exercising the Award) to satisfy all or part of his or her tax withholding obligations by Cashless Exercise or by surrendering Shares (either directly or by stock attestation) that he or she previously acquired;
provided that, unless the Cashless Exercise is an approved broker-assisted Cashless Exercise, the Shares tendered for payment have been previously held for a minimum duration (e.g., to avoid financial accounting charges to the Company’s
earnings), or as otherwise permitted to avoid financial accounting charges under applicable accounting guidance, amounts withheld shall not exceed the amount necessary to satisfy the Company’s tax withholding obligations at the minimum
statutory withholding rates, including, but not limited to, U.S. federal and state income taxes, payroll taxes, and foreign taxes, if applicable. Any payment of taxes by surrendering Shares to the Company may be subject to restrictions, including,
but not limited to, any restrictions required by rules of the Securities and Exchange Commission. 

  
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 16.    Non-Transferability
of Options. 
 (a)    General. Except as set forth in this Section 16, Options
may not be sold, pledged, assigned, hypothecated, transferred or disposed of in any manner other than by will or by the laws of descent or distribution. The designation of a beneficiary by an Optionee will not constitute a transfer. An Option may be
exercised, during the lifetime of the holder of the Option, only by such holder or a transferee permitted by this Section 13. In addition, an Option shall comply with all conditions of
Rule 12h-1(f)(1) under the Exchange Act until the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act. Such conditions include, without limitation, the
transferability restrictions set forth in Rule 12h-1 (f)(1)(iv) and (v) under the Exchange Act, which shall apply to an Option and, prior to exercise, to the Shares to be issued upon exercise of such
Option during the period commencing on the date of grant and ending on the earlier of (i) the date when the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act or (ii) the date when the
Company makes a determination that it will cease to rely on the exemption afforded by Rule 12h-1(f)(1) under the Exchange Act. During such period, an Option and, prior to exercise, the Shares to be issued
upon exercise of such Option shall be restricted as to any pledge, hypothecation or other transfer by the Optionee, including any short position, any “put equivalent position” (as defined in
Rule 16a-1(h) under the Exchange Act) or any “call equivalent position” (as defined in Rule 16a-1(b) under the Exchange Act). 

(b)    Limited Transferability Rights. Notwithstanding anything else in this Section 16, the
Administrator may in its sole discretion grant Nonstatutory Stock Options that may be transferred by instrument to an inter vivos or testamentary trust in which the Options are to be passed to beneficiaries upon the death of the trustor (settlor) or
by gift to Family Members. 
 17.    Adjustments Upon Changes in Capitalization, Merger or Certain Other
Transactions. 
 (a)    Changes in Capitalization. Subject to any action required
under Applicable Laws by the holders of capital stock of the Company, (i) the numbers and class of Shares or other stock or securities: (x) available for future Awards under Section 3 above, (y) set forth in Section 8 above,
and (z) covered by each outstanding Award, (ii) the price per Share covered by each such outstanding Option, and (iii) any repurchase price per Share applicable to Shares issued pursuant to any Award, shall be proportionately adjusted
by the Administrator in the event of a stock split, reverse stock split, stock dividend, combination, consolidation, recapitalization (including a recapitalization through a large nonrecurring cash dividend) or reclassification of the Shares,
subdivision of the Shares, a rights offering, a reorganization, merger, spin-off, split-up, change in corporate structure or other similar occurrence. Any adjustment by
the Administrator pursuant to this Section 17(a) shall be made in the Administrator’s sole and absolute discretion and shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the Company of shares of
stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect 

  
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to, the number or price of Shares subject to an Award. If, by reason of a transaction described in this Section 17(a) or an adjustment pursuant to this Section 17(a), a
Participant’s Award agreement or agreement related to any Optioned Stock or Restricted Stock covers additional or different shares of stock or securities, then such additional or different shares, and the Award agreement or agreement related to
the Optioned Stock or Restricted Stock in respect thereof, shall be subject to all of the terms, conditions and restrictions which were applicable to the Award, Optioned Stock and Restricted Stock prior to such adjustment. 

(b)    Dissolution or Liquidation. In the event of the dissolution or liquidation of the Company,
each Award will terminate immediately prior to the consummation of such action, unless otherwise determined by the Administrator. 

(c)    Corporate Transactions. In the event of a sale of all or substantially all of the
Company’s assets, or a merger, consolidation or other capital reorganization or business combination transaction of the Company with or into another corporation, entity or person (a “Corporate Transaction”), each
outstanding Option shall either be (i) assumed or an equivalent option or right shall be substituted by such successor corporation or a parent or subsidiary of such successor corporation (the “Successor Corporation”),
(ii) terminated as of the consummation of the Corporate Transaction (provided that Optionees shall be permitted, within a specified period of time prior to the consummation of the Corporate Transaction as determined by the Administrator, to
exercise all such Options that are vested and exercisable immediately prior to the consummation of such Corporate Transaction, or (iii) terminated in exchange for a payment of cash, securities and/or other property equal to the excess of
(A) the value of the consideration payable per Share pursuant to the Corporate Transaction, as determined by the Administrator, multiplied by the number of Shares subject to the portion of the Option that is vested and exercisable immediately
prior to the consummation of the Corporate Transaction over (B) the aggregate exercise price thereof. Notwithstanding the foregoing, in the event such Successor Corporation does not agree to such assumption, substitution or exchange, each such
Option shall terminate upon the consummation of the Corporate Transaction. 
 18.    Time of Granting Options and
Right to Purchase Restricted Stock. The date of grant of an Award shall, for all purposes, be the date on which the Administrator makes the determination granting such Award, or such other date as is determined by the Administrator,
provided that in the case of any Incentive Stock Option, the grant date shall be the later of the date on which the Administrator makes the determination granting such Incentive Stock Option or the date of commencement of the Optionee’s
employment relationship with the Company. 
 19.    Amendment and Termination of the Plan. The
Board may at any time amend or terminate the Plan, but no amendment or termination (other than an adjustment pursuant to Section 17 above) shall be made that would materially and adversely affect the rights of any Participant under any
outstanding Award, without his or her consent. In addition, to the extent necessary and desirable to comply with the Applicable Laws, the Company shall obtain the approval of holders of capital stock with respect to any Plan amendment in such a
manner and to such a degree as required. 
 20.    Conditions Upon Issuance of Shares.
Notwithstanding any other provision of the Plan or any agreement entered into by the Company pursuant to the Plan, the Company shall not 

  
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Pursuant to 17 C.F.R. Section 200.83 
  

 
be obligated, and shall have no liability for failure, to issue or deliver any Shares under the Plan unless such issuance or delivery would comply with the Applicable Laws, with such compliance
determined by the Company in consultation with its legal counsel. As a condition to the exercise of any Option or purchase of any Restricted Stock, the Company may require the person exercising the Option or purchasing the Restricted Stock to
represent and warrant at the time of any such exercise or purchase that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a
representation is required by Applicable Laws. Shares issued upon exercise of Options or purchase of Restricted Stock prior to the date, if ever, on which the Common Stock becomes a Listed Security shall be subject to a right of first refusal in
favor of the Company pursuant to which the Participant will be required to offer Shares to the Company before selling or transferring them to any third party on such terms and subject to such conditions as is reflected in the applicable Option
Agreement or Restricted Stock Purchase Agreement. 
 21.    Beneficiaries. Unless stated otherwise
in an Award agreement, a Participant may designate one or more beneficiaries with respect to an Award by timely filing the prescribed form with the Company. A beneficiary designation may be changed by filing the prescribed form with the Company at
any time before the Participant’s death. If no beneficiary was designated or if no designated beneficiary survives the Participant, then after a Participant’s death any vested Award(s) shall be transferred or distributed to the
Participant’s estate. 
 22.    Approval of Holders of Capital Stock. If required by the
Applicable Laws, continuance of the Plan shall be subject to approval by the holders of capital stock of the Company within twelve (12) months before or after the date the Plan is adopted or, to the extent required by Applicable Laws, any date
the Plan is amended. Such approval shall be obtained in the manner and to the degree required under the Applicable Laws. 

23.    Addenda. The Administrator may approve such addenda to the Plan as it may consider necessary
or appropriate for the purpose of granting Awards to Employees or Consultants, which Awards may contain such terms and conditions as the Administrator deems necessary or appropriate to accommodate differences in local law, tax policy or custom,
which, if so required under Applicable Laws, may deviate from the terms and conditions set forth in this Plan. The terms of any such addenda shall supersede the terms of the Plan to the extent necessary to accommodate such differences but shall not
otherwise affect the terms of the Plan as in effect for any other purpose. 
 24.    Pre-Exercise Information Requirement. 
 (a)    Application of
Requirement. This Section 24 shall apply only during a period that (i) commences when the Company begins to rely on the exemption described in Rule 12h-1(f)(1) under the Exchange
Act, as determined by the Company in its sole discretion, and (ii) ends on the earlier of (A) the date when the Company ceases to rely on such exemption, as determined by the Company in its sole discretion, or (B) the date when the
Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act. In addition, this Section 24 shall in no event apply to an Optionee after he or she has fully exercised all of his or her Options. 

  
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 (b)    Scope of Requirement. The Company shall
provide to each Optionee the information described in Rule 701(e)(3), (4) and (5) under the Securities Act of 1933, as amended. Such information shall be provided at six-month intervals, and the financial
statements included in such information shall not be more than 180 days old. The foregoing notwithstanding, the Company shall not be required to provide such information unless the Optionee has agreed in writing, on a form prescribed by the
Company, to keep such information confidential. 

  
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 ADDENDUM A 

AMENDED AND RESTATED 2010 STOCK PLAN 

(California Participants) 

Prior to the date, if ever, on which the Common Stock becomes a Listed Security and/or the Company is subject to the reporting requirements of
the Exchange Act, the terms set forth herein shall apply to Awards issued to California Participants. All capitalized terms used herein but not otherwise defined shall have the respective meanings set forth in the Plan. 

1.    The following rules shall apply to any Option in the event of termination of the Participant’s Continuous
Service Status: 
 a.    If such termination was for reasons other than death, “disability” (as defined
below), or Cause, the Participant shall have at least thirty (30) days after the date of such termination to exercise his or her Option to the extent the Participant is entitled to exercise on his or her termination date, provided that in no
event shall the Option be exercisable after the expiration of the Option term as set forth in the Option Agreement. 

b.    If such termination was due to death or disability, the Participant shall have at least six (6) months after
the date of such termination to exercise his or her Option to the extent the Participant is entitled to exercise on his or her termination date, provided that in no event shall the Option be exercisable after the expiration of the Option term as set
forth in the Option Agreement. 
 “Disability” for purposes of this Addendum shall mean the inability of the Participant, in the opinion of a
qualified physician acceptable to the Company, to perform the major duties of the Participant’s position with the Company or any Parent or Subsidiary because of the sickness of injury of the Participant. 

2.    Notwithstanding anything stated herein to the contrary, no Option shall be exercisable on or after the tenth
anniversary of the date of grant and any Award agreement shall terminate on or before the tenth anniversary of the date of grant. 

3.    The Company shall furnish summary financial information (audited or unaudited) of the Company’s financial
condition and results of operations, consistent with the requirements of Applicable Laws, at least annually to each California Participant during the period such Participant has one or more Awards outstanding, and in the case of an individual who
acquired Shares pursuant to the Plan, during the period such Participant owns such Shares. The Company shall not be required to provide such information if (i) the issuance is limited to key employees whose duties in connection with the Company
assure their access to equivalent information or (ii) the Plan or any agreement complies with all conditions of Rule 701 of the Securities Act of 1933, as amended; provided that for purposes of determining such compliance, any registered
domestic partner shall be considered a “family member” as that term is defined in Rule 701. 

  

 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 UBER TECHNOLOGIES, INC 

2010 STOCK PLAN 

NOTICE OF STOCK OPTION GRANT 

You have been granted an option to purchase Common Stock of Uber Technologies, Inc., a Delaware corporation (the “Company”),
as follows: 
  

			
	 Date of Grant:
	  	                                      
  
		
	 Exercise Price Per Share:
	  	$                                      
  
		
	 Total Number of Shares:
	  	                                      
  
		
	 Total Exercise Price:
	  	$                                      
  
		
	 Type of Option:
	  	                                      
  
		
	 Expiration Date:
	  	                                      
  
		
	 Vesting Commencement Date:
	  	                                      
  
		
	 Vesting/Exercise Schedule:
	  	                                      
                                         
 
		
	 Termination Period:
	  	You may exercise this Option for thirty (30) days after termination of your Continuous Service Status except as set out in Section 5 of the Stock Option Agreement (but in no event later than the Expiration Date). You are
responsible for keeping track of these exercise periods following the termination of your Continuous Service Status for any reason. The Company will not provide further notice of such periods.
		
	 Transferability:
	  	You may not transfer this Option.

 By your signature and the signature of the Company’s representative below, you and the Company agree that
this Option is granted under and governed by the terms and conditions of the Uber Technologies, Inc. 2010 Stock Plan and the Stock Option Agreement, both of which are attached to and made a part of this document. 

In addition, you agree and acknowledge that your rights to any Shares underlying this Option will be earned only as you provide services to
the Company over time, that the grant of this Option is not as consideration for services you rendered to the Company prior to your date of hire, and that nothing in this Notice or the attached documents confers upon you any right to continue your
employment or consulting relationship with the Company for any period of time, nor does it interfere in any way with your right or the Company’s right to terminate that relationship at any time, for any reason, with or without cause. Also, to
the extent applicable, the Exercise Price Per Share has been set in good faith compliance with the applicable guidance issued by the IRS under Section 409A of the Code. However, there is no guarantee that the IRS will agree with the valuation,
and by signing below, you agree and acknowledge that the Company shall not be held 

  

 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 
liable for any applicable costs, taxes, or penalties associated with this Option if, in fact, the IRS were to determine that this Option constitutes deferred compensation under Section 409A
of the Code. You should consult with your own tax advisor concerning the tax consequences of such a determination by the IRS. 
  

			
	THE COMPANY:
	
	UBER TECHNOLOGIES, INC.
		
	By:	 	 /s/ Travis Kalanick

		 	(signature)
	Name: Travis Kalanick
	Title: CEO
	
	OPTIONEE:
	
	  

	(signature)
	
	Address:
	
	  

  
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 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 UBER TECHNOLOGIES, INC. 

2010 STOCK PLAN 

STOCK OPTION AGREEMENT 

1. Grant of Option. Uber Technologies, Inc., a Delaware corporation (the “Company”), hereby grants to
                     (“Optionee”), an option (the “Option”) to purchase the total number of shares of Common Stock
(the “Shares”) set forth in the Notice of Stock Option Grant (the “Notice”), at the exercise price per Share set forth in the Notice (the “Exercise Price”) subject to the terms, definitions and
provisions of the Uber Technologies, Inc. 2010 Stock Plan (the “Plan”) adopted by the Company, which is incorporated in this Agreement by reference. Unless otherwise defined in this Agreement, the terms used in this Agreement shall
have the meanings defined in the Plan. 
 2. Designation of Option. This Option is intended to be an Incentive Stock
Option as defined in Section 422 of the Code only to the extent so designated in the Notice, and to the extent it is not so designated or to the extent this Option does not qualify as an Incentive Stock Option, it is intended to be a
Nonstatutory Stock Option. 
 Notwithstanding the above, if designated as an Incentive Stock Option, in the event that the Shares subject to
this Option (and all other Incentive Stock Options granted to Optionee by the Company or any Parent or Subsidiary, including under other plans of the Company) that first become exercisable in any calendar year have an aggregate fair market value
(determined for each Share as of the date of grant of the option covering such Share) in excess of $100,000, the Shares in excess of $100,000 shall be treated as subject to a Nonstatutory Stock Option, in accordance with Section 5(c) of the
Plan. 
 3. Exercise of Option. This Option shall be exercisable during its term in accordance with the Vesting/Exercise
Schedule set out in the Notice and with the provisions of Section 10 of the Plan as follows: 
 (a) Right to
Exercise. 
 (i) This Option may not be exercised for a fraction of a share. 

(ii) In the event of Optionee’s death, Disability or other termination of Continuous Service Status, the exercisability of this Option is
governed by Section 5 below, subject to the limitations contained in this Section 3. 
 (iii) In no event may this Option be
exercised after the Expiration Date set forth in the Notice. 
 (b) Method of Exercise. 

(i) This Option shall be exercisable by execution and delivery of the Exercise Agreement attached hereto as Exhibit A or of any other
form of written notice approved for such purpose by the Company which shall state Optionee’s election to exercise this Option, the number of Shares in respect of which this Option is being exercised, and such other representations and
agreements as to the holder’s investment intent with respect to such Shares as may be required 

  

 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 
by the Company pursuant to the provisions of the Plan. Such written notice shall be signed by Optionee and shall be delivered to the Company by such means as are determined by the Plan
Administrator in its discretion to constitute adequate delivery. The written notice shall be accompanied by payment of the aggregate Exercise Price for the purchased Shares. 

(ii) As a condition to the exercise of this Option and as further set forth in Section 12 of the Plan, Optionee agrees to make adequate
provision for federal, state or other tax withholding obligations, if any, which arise upon the grant, vesting or exercise of this Option, or disposition of Shares, whether by withholding, direct payment to the Company, or otherwise. 

(iii) The Company is not obligated, and will have no liability for failure, to issue or deliver any Shares upon exercise of this Option unless
such issuance or delivery would comply with the Applicable Laws, with such compliance determined by the Company in consultation with its legal counsel. This Option may not be exercised until such time as the Plan has been approved by the
holders of capital stock of the Company, or if the issuance of such Shares upon such exercise or the method of payment of consideration for such Shares would constitute a violation of any Applicable Laws, including any applicable U.S. federal or
state securities laws or any other law or regulation, including any rule under Part 221 of Title 12 of the Code of Federal Regulations as promulgated by the Federal Reserve Board. As a condition to the exercise of this Option, the Company
may require Optionee to make any representation and warranty to the Company as may be required by the Applicable Laws. Assuming such compliance, for income tax purposes the Shares shall be considered transferred to Optionee on the date on which this
Option is exercised with respect to such Shares. 
 (iv) Subject to compliance with Applicable Laws, this Option shall be deemed to be
exercised upon receipt by the Company of the appropriate written notice of exercise accompanied by the Exercise Price and the satisfaction of any applicable withholding obligations. 

4. Method of Payment. Payment of the Exercise Price shall be by any of the following, or a combination of the following,
at the election of Optionee: 
 (a) cash or check; 

(b) cancellation of indebtedness; 

(c) at the discretion of the Plan Administrator on a case by case basis, by surrender of other shares of Common Stock of the Company (either
directly or by stock attestation) that Optionee previously acquired and that have an aggregate Fair Market Value on the date of surrender equal to the aggregate Exercise Price of the Shares as to which this Option is being exercised; or 

(d) at the discretion of the Plan Administrator on a case by case basis, by Cashless Exercise. 

5. Termination of Relationship. Following the date of termination of Optionee’s Continuous Service Status for any
reason (the “Termination Date”), Optionee may exercise this Option only as set forth in the Notice and this Section 5. If Optionee does not exercise this Option within the Termination Period set forth in the Notice or the
termination periods set forth below, this Option shall terminate in its entirety. In no event, may any Option be exercised after the Expiration Date of this Option as set forth in the Notice. 

  
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Pursuant to 17 C.F.R. Section 200.83 
  

 (a) Termination. In the event of termination of Optionee’s
Continuous Service Status other than as a result of Optionee’s Disability or death or for Cause, Optionee may, to the extent Optionee is vested in the Option Shares, exercise this Option during the Termination Period set forth in the Notice.

 (b) Other Terminations. In connection with any termination other than a termination covered by Section 5(a),
Optionee may exercise this Option only as described below: 
 (i) Termination upon Disability of Optionee. In the event
of termination of Optionee’s Continuous Service Status as a result of Optionee’s Disability, Optionee may, but only within six (6) months following the date of such termination (the “Termination Date”), exercise this
Option to the extent Optionee is vested in the Option Shares. 
 (ii) Death of Optionee. In the event of
termination of Optionee’s Continuous Service Status as a result of Optionee’s death, or in the event of Optionee’s death within thirty (30) days following Optionee’s Termination Date, this Option may be exercised at any time
within twelve (12) months following the date of death (or, if earlier, the date Optionee’s Continuous Service Status terminated) by Optionee’s estate or by a person who acquired the right to exercise this Option by bequest or
inheritance, but only to the extent Optionee is vested in this Option. 
 (iii) Termination for Cause. In the event of
termination of Optionee’s Continuous Service Status for Cause, this Option (including any vested portion thereof) shall immediately terminate in its entirety upon first notification to Optionee of such termination for Cause. If Optionee’s
Continuous Service Status is suspended pending an investigation of whether Optionee’s Continuous Service Status will be terminated for Cause, all Optionee’s rights under this Option, including the right to exercise this Option, shall be
suspended during the investigation period. 
 6. Non-Transferability of Option.
This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Optionee only by him or her. The terms of this Option shall be binding upon the executors,
administrators, heirs, successors and assigns of Optionee. 
 7. Lock-Up
Agreement. In connection with the initial public offering of the Company’s securities and upon request of the Company or the underwriters managing any underwritten offering of the Company’s securities, Optionee hereby agrees
not to sell, make any short sale of, loan, grant any option for the purchase of, or otherwise dispose of any securities of the Company however and whenever acquired (other than those included in the registration) without the prior written consent of
the Company or such underwriters, as the case may be, for such period of time (not to exceed 180 days) from the effective date of such registration as may be requested by the Company or such managing underwriters and to execute an agreement
reflecting the foregoing as may be requested by the underwriters at the time of the public offering; provided however that, if during the last 17 days of the restricted period the Company issues an earnings release or material news or a material
event relating to the Company occurs, or prior to the expiration of the restricted period the Company announces that it will release earnings results during the 16-day period beginning on the last day of the
restricted period, then, upon the request of the managing underwriter, to the extent required by any FINRA rules, the restrictions imposed by this subsection (a) shall continue to apply until the end of the third trading day following the
expiration of the 15-day period beginning on the issuance of the earnings release or the occurrence of the material news or material event. In no event will the restricted period extend beyond 216 days after
the effective date of the registration statement. 

  
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Pursuant to 17 C.F.R. Section 200.83 
  

 8. Effect of Agreement. Optionee acknowledges receipt of a copy of the
Plan and represents that he or she is familiar with the terms and provisions thereof (and has had an opportunity to consult counsel regarding the Option terms), and hereby accepts this Option and agrees to be bound by its contractual terms as set
forth herein and in the Plan. Optionee hereby agrees to accept as binding, conclusive and final all decisions and interpretations of the Plan Administrator regarding any questions relating to this Option. In the event of a conflict between the terms
and provisions of the Plan and the terms and provisions of the Notice and this Agreement, the Plan terms and provisions shall prevail. 
 9.
Miscellaneous. 
 (a) Governing Law. This Agreement and all acts and transactions pursuant hereto
and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of California, without giving effect to principles of conflicts of law. 

(b) Entire Agreement; Enforcement of Rights. This Agreement, together with the Notice of Stock Option Grant to which this
Agreement is attached and the Plan, sets forth the entire agreement and understanding of the parties relating to the subject matter herein and therein and merges all prior discussions between the parties. Except as contemplated under the Plan, no
modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless in writing signed by the parties to this Agreement. The failure by either party to enforce any rights under this Agreement
shall not be construed as a waiver of any rights of such party. 
 (c) Severability. If one or more provisions of this
Agreement are held to be unenforceable under Applicable Laws, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then
(i) such provision shall be excluded from this Agreement, (ii) the balance of this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of this Agreement shall be enforceable in accordance with
its terms. 
 (d) Notices. Any notice required or permitted by this Agreement shall be in writing and shall be deemed
sufficient when delivered personally or sent by telegram or fax or forty-eight (48) hours after being deposited in the U.S. mail, as certified or registered mail, with postage prepaid, and addressed to the party to be notified at such
party’s address as set forth below or as subsequently modified by written notice. 
 (e) Counterparts. This Option
may be executed in two or more counterparts, each of which shall be deemed an original and all of which together shall constitute one instrument. 

(f) Successors and Assigns. The rights and benefits of this Agreement shall inure to the benefit of, and be enforceable by
the Company’s successors and assigns. The rights and obligations of Optionee under this Agreement may not be assigned without the prior written consent of the Company. 

[Signature Page Follows] 

  
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 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 IN WITNESS WHEREOF, the parties have executed or caused this Agreement to be executed by
their officers thereunto duly authorized, effective as of the Date of Grant set forth in the accompanying Notice of Stock Option Grant. 
  

			
	THE COMPANY:
	
	UBER TECHNOLOGIES, INC.
		
	By:	 	 /s/ Travis Kalanick

		 	(signature)
	Name: Travis Kalanick
	Title: CEO
	
	OPTIONEE:
	
	  

	(signature)

  
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 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 EXHIBIT A 

UBER TECHNOLOGIES, INC. 

2010 STOCK PLAN 

EXERCISE AGREEMENT 

This Exercise Agreement (this “Agreement”) is made as of
                        , by and between Uber Technologies, Inc., a Delaware corporation (the “Company”), and
                             (“Purchaser”). To the extent any capitalized terms used in this
Agreement are not defined, they shall have the meaning ascribed to them in the Company’s 2010 Stock Plan (the “Plan”). 

1. Exercise of Option. Subject to the terms and conditions hereof, Purchaser hereby elects to exercise his or her option
to purchase                              shares of the Common Stock (the “Shares”) of the
Company under and pursuant to the Plan and the Stock Option Agreement granted                             
(the “Option Agreement”). The purchase price for the Shares shall be $                per Share for a total purchase price of
$                        . The term “Shares” refers to the purchased Shares and all securities received as stock
dividends or splits, all securities received in replacement of the Shares in a recapitalization, merger, reorganization, exchange or the like, and all new, substituted or additional securities or other property to which Purchaser is entitled by
reason of Purchaser’s ownership of the Shares. 
 2. Time and Place of Exercise. The purchase and sale of the
Shares under this Agreement shall occur at the principal office of the Company simultaneously with the execution and delivery of this Agreement, the payment of the aggregate exercise price by any method listed in Section 4 of the Option
Agreement, and the satisfaction of any applicable tax withholding obligations, all in accordance with the provisions of Section 3(b) of the Option Agreement. The Company shall issue the Shares to Purchaser by entering such Shares in
Purchaser’s name as of such date in the books and records of the Company or, if applicable, a duly authorized transfer agent of the Company, against payment of the exercise price therefor by Purchaser. If applicable, the Company will deliver to
Purchaser a certificate representing the Shares as soon as practicable following such date. 
 3. Restrictions and Limitations on
Transfer. In addition to any other limitation on transfer created by applicable securities laws, Purchaser shall not assign, encumber or dispose of any interest in the Shares except in compliance with the provisions below and
applicable securities laws. 
 (a) The holder of any security of the corporation (a “Security Holder”) shall
not transfer, assign, pledge, encumber or otherwise dispose of any security of the corporation (a “Security”), other than by means of a Permitted Transfer (as defined below), without the prior written consent of the
corporation’s Board of Directors. If any provision(s) of any agreement(s) currently in effect by and between the corporation and any Security Holder (the “Security Holder Agreement(s)”) conflicts with this
Section 3, this Section 3 shall govern, and the non-conflicting remainder of the Security Holder Agreement(s) shall continue in full force and effect.

  

 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 (b) A “Permitted Transfer” as used in this
Section 3 shall be defined as: 
 (i) any repurchase of a Security by the corporation: (i) at cost, upon the
occurrence of certain events, such as the termination of employment or services; or (ii) at any price pursuant to the corporation’s exercise of a right of first refusal to repurchase such shares; 

(ii) the transfer of any or all of the Securities held by a Security Holder to a single trust for the benefit of the Security
Holder or the Security Holder’s Immediate Family. As used herein, the term “Immediate Family” will mean Security Holder’s spouse or Spousal Equivalent, the lineal descendant or antecedent, father, mother, brother or
sister, whether or not any of the above are adopted. As used herein, a person is deemed to be a “Spousal Equivalent” provided the following circumstances are true: (i) irrespective of whether or not the
relevant person and the Spousal Equivalent are the same sex, they are the sole spousal equivalent of the other for the last twelve (12) months, (ii) they intend to remain so indefinitely, (iii) neither are married to anyone else,
(iv) both are at least 18 years of age and mentally competent to consent to contract, (v) they are not related by blood to a degree of closeness that which would prohibit legal marriage in the state in which they legally reside,
(vi) they are jointly responsible for each other’s common welfare and financial obligations, and (vii) they reside together in the same residence for the last twelve (12) months and intend to do so indefinitely; 

(iii) any transfer effected pursuant to the Security Holder’s will or the laws of intestate succession; 

(iv) if the Security Holder is a partnership, limited liability company or a corporation, no more than five (5) transfers
to an Affiliate (as defined below) of such partnership, limited liability company or corporation; and/or 
 (v) the transfer
by a Major Investor (as defined in the Amended and Restated Right of First Refusal and Co-Sale Agreement dated November 23, 2011, as amended from time to time, or any successor agreement (the “Co-Sale Agreement”)) exercising such Major Investor’s Co-Sale Right (as defined in the Co-Sale Agreement). 

(c) In the case of any transfer consented to by the corporation or described in subsection (b) above, the transferee, assignee, or
other recipient shall receive and hold the Securities subject to the provisions of this Section 3, and there shall be no further transfer of such stock except in accordance with this Section 3. 

(d) For the purposes of this Section 3, “Affiliate” shall mean, with respect to any specified entity, any other entity
which, directly or indirectly, controls, is controlled by, or is under common control with such specified entity, including, without limitation, any general partner, officer, director or manager of such entity and any venture capital fund now or
hereafter existing that is controlled by one or more general partners or managing members of, is under common investment management with, shares the same management or advisory company with or is otherwise affiliated with such entity. 

4. Right of First Refusal. 

(a) Right of First Refusal. Before any Shares held by Purchaser or any transferee of Purchaser (either being sometimes
referred to herein as the “Holder”) may be sold or otherwise transferred (including transfer by gift or operation of law), the Company or its assignee(s) shall have a right of first refusal to purchase the Shares on the terms and
conditions set forth in this Section 4(a) (the “Right of First Refusal”). 

  
 2 

  

 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 (i) Notice of Proposed Transfer. The Holder of the Shares shall deliver
to the Company a written notice (the “Notice”) stating: (i) the Holder’s bona fide intention to sell or otherwise transfer such Shares; (ii) the name of each proposed purchaser or other transferee (“Proposed
Transferee”); (iii) the number of Shares to be transferred to each Proposed Transferee; and (iv) the terms and conditions of each proposed sale or transfer. The Holder shall offer the Shares at the same price (the
“Purchase Price”) and upon the same terms (or terms as similar as reasonably possible) to the Company or its assignee(s). 

(ii) Exercise of Right of First Refusal. At any time within thirty (30) days after receipt of the Notice, the
Company and/or its assignee(s) may, by giving written notice to the Holder, elect to purchase all, but not less than all, of the Shares proposed to be transferred to any one or more of the Proposed Transferees, at the Purchase Price. If the Purchase
Price includes consideration other than cash, the cash equivalent value of the non-cash consideration shall be determined by the Board in good faith. 

(iii) Payment. Payment of the Purchase Price shall be made, at the election of the Company or its assignee(s), in cash
(by check), by cancellation of all or a portion of any outstanding indebtedness, or by any combination thereof within sixty (60) days after receipt of the Notice or in the manner and at the times set forth in the Notice. 

(iv) Holder’s Right to Transfer. If all of the Shares proposed in the Notice to be transferred to a given Proposed
Transferee are not purchased by the Company and/or its assignee(s) as provided in this Section 4(a), then the Holder may sell or otherwise transfer such Shares to that Proposed Transferee at the Purchase Price or at a higher price, provided
that such sale or other transfer is consummated within one hundred twenty (120) days after the date of the Notice and provided further that any such sale or other transfer is effected in accordance with any applicable securities laws and the
Proposed Transferee agrees in writing that the provisions of this Section 4 shall continue to apply to the Shares in the hands of such Proposed Transferee. If the Shares described in the Notice are not transferred to the Proposed Transferee
within such period, or if the Holder proposes to change the price or other terms to make them more favorable to the Proposed Transferee, a new Notice shall be given to the Company, and the Company and/or its assignees shall again be offered the
Right of First Refusal before any Shares held by the Holder may be sold or otherwise transferred. 
 (v) Exception for Certain Family
Transfers. Anything to the contrary contained in this Section 4(a) notwithstanding, and provided that such transfer complies with applicable securities laws, the transfer of any or all of the Shares during Purchaser’s
lifetime or on Purchaser’s death by will or intestacy to Purchaser’s Immediate Family or a trust for the benefit of Purchaser’s Immediate Family shall be exempt from the provisions of this Section 4(a). “Immediate
Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this
Section 4, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3. 

  
 3 

  

 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 (b) Company’s Right to Purchase upon Involuntary Transfer. In the
event of any transfer by operation of law or other involuntary transfer (including death or divorce, but excluding a transfer to Immediate Family as set forth in Section 4(a)(v) above) of all or a portion of the Shares by the record holder
thereof, the Company shall have an option to purchase all of the Shares transferred at the greater of the purchase price paid by Purchaser pursuant to this Agreement or the Fair Market Value of the Shares on the date of transfer (as determined by
the Board). Upon such a transfer, the person acquiring the Shares shall promptly notify the Secretary of the Company of such transfer. The right to purchase such Shares shall be provided to the Company for a period of thirty (30) days following
receipt by the Company of written notice by the person acquiring the Shares. 
 (c) Assignment. The right of the Company
to purchase any part of the Shares may be assigned in whole or in part to any holder or holders of capital stock of the Company or other persons or organizations. 

(d) Restrictions Binding on Transferees. All transferees of Shares or any interest therein will receive and hold such
Shares or interest subject to the provisions of this Agreement. Any sale or transfer of the Company’s Shares shall be void unless the provisions of this Agreement are satisfied. 

(e) Termination of Rights. The right of first refusal granted the Company by Section 4(a) above and the option to
repurchase the Shares in the event of an involuntary transfer granted the Company by Section 4(b) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and
declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”). Upon termination of the right of first refusal described in Section 4(a) above the Company will
remove any stop-transfer notices referred to in Section 6(b) below and related to the restrictions in this Section 4 and, if certificates are issued, a new certificate or certificates representing the Shares not repurchased shall be
issued, on request, without the legend referred to in Section 6(a)(ii) below and delivered to Purchaser. 
 5. Investment and
Taxation Representations. In connection with the purchase of the Shares, Purchaser represents to the Company the following: 

(a) Purchaser is aware of the Company’s business affairs and financial condition and has acquired sufficient information about the Company
to reach an informed and knowledgeable decision to acquire the Shares. Purchaser is purchasing these securities for investment for his or her own account only and not with a view to, or for resale in connection with, any “distribution”
thereof within the meaning of the Securities Act or under any applicable provision of state law. Purchaser does not have any present intention to transfer the Shares to any person or entity. 

(b) Purchaser understands that the Shares have not been registered under the Securities Act by reason of a specific exemption therefrom, which
exemption depends upon, among other things, the bona fide nature of Purchaser’s investment intent as expressed herein. 

  
 4 

  

 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 (c) Purchaser further acknowledges and understands that the securities must be held
indefinitely unless they are subsequently registered under the Securities Act or an exemption from such registration is available. Purchaser further acknowledges and understands that the Company is under no obligation to register the securities.
Purchaser understands that the certificate(s) evidencing the securities will be imprinted with a legend which prohibits the transfer of the securities unless they are registered or such registration is not required in the opinion of counsel for the
Company. 
 (d) Purchaser is familiar with the provisions of Rules 144 and 701, each promulgated under the Securities Act, which, in
substance, permit limited public resale of “restricted securities” acquired, directly or indirectly, from the issuer of the securities (or from an affiliate of such issuer), in a non-public offering
subject to the satisfaction of certain conditions. Purchaser understands that the Company provides no assurances as to whether he or she will be able to resell any or all of the Shares pursuant to Rule 144 or Rule 701, which rules require, among
other things, that the Company be subject to the reporting requirements of the Securities Exchange Act of 1934, as amended, that resales of securities take place only after the holder of the Shares has held the Shares for certain specified time
periods, and under certain circumstances, that resales of securities be limited in volume and take place only pursuant to brokered transactions. Notwithstanding this paragraph (d), Purchaser acknowledges and agrees to the restrictions set forth in
paragraph (e) below. 
 (e) Purchaser further understands that in the event all of the applicable requirements of Rule 144 or 701
are not satisfied, registration under the Securities Act, compliance with Regulation A, or some other registration exemption will be required; and that, notwithstanding the fact that Rules 144 and 701 are not exclusive, the Staff of the
Securities and Exchange Commission has expressed its opinion that persons proposing to sell private placement securities other than in a registered offering and otherwise than pursuant to Rule 144 or 701 will have a substantial burden of proof
in establishing that an exemption from registration is available for such offers or sales, and that such persons and their respective brokers who participate in such transactions do so at their own risk. 

(f) Purchaser understands that Purchaser may suffer adverse tax consequences as a result of Purchaser’s purchase or disposition of the
Shares. Purchaser represents that Purchaser has consulted any tax consultants Purchaser deems advisable in connection with the purchase or disposition of the Shares and that Purchaser is not relying on the Company for any tax advice. 

(g) Purchaser hereby acknowledges that Purchaser has been informed that, unless an election is filed by the Purchaser with the Internal Revenue
Service (and, if necessary, the proper state taxing authorities), within 30 days of the purchase of the Unvested Shares, electing pursuant to Section 83(b) of the Code (and similar state tax provisions, if applicable) to be taxed
currently on any difference between the purchase price of the Unvested Shares and their Fair Market Value on the date of purchase, there may be a recognition of taxable income (including, where applicable, alternative minimum taxable income) to the
Purchaser, measured by the excess, if any, of the Fair Market Value of the Unvested Shares at the time they cease to be Unvested Shares, over the purchase price of the Unvested Shares. A form of Election under Section 83(b) is attached hereto
as Attachment 1 for reference. PURCHASER HEREBY ASSUMES ALL RESPONSIBILITY FOR FILING SUCH ELECTION AND PAYING ANY TAXES RESULTING FROM SUCH ELECTION OR THE LAPSE OF THE REPURCHASE RESTRICTIONS ON THE UNITED STATES. 

  
 5 

  

 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 6. Company’s Repurchase Option. The Company, or its assignee, shall have
the option to repurchase all or a portion of the Unvested Shares (as such term is defined in the Notice of Stock Option Grant for the Option Agreement) on the terms and conditions set forth in this Section (the “Repurchase Option”)
if Purchaser should cease to be employed by the Company for any reason, or no reason, including without limitation Purchaser’s death, disability, voluntary resignation or termination by the Company with or without cause. 

(a) Right of Termination Unaffected. Nothing in this Agreement shall be construed to limit or otherwise affect in any manner whatsoever
the right or power of the Company to terminate Purchaser’s employment at any time, for any reason or no reason, with or without cause. For purposes of this Agreement, Purchaser shall be considered to be employed by the Company if Purchaser is
an officer, director or full-time employee of the Company or any Parent, Subsidiary or Affiliate of the Company or if the Board of Directors of the Company determines that Purchaser is rendering substantial services as a part-time employee,
consultant, contractor or advisor to the Company or any Parent, Subsidiary or Affiliate of the Company. The Committee of the Company shall have discretion to determine whether Purchaser has ceased to be employed by the Company or any Parent,
Subsidiary or Affiliate of the Company, whether termination is for Cause, and the date of such termination (the “Termination Date”), and such determination shall be binding on Purchaser. 

(b) Exercise of Repurchase Option. At any time within 90 days after the later of the Termination Date and the date Purchaser purchased
the Shares, the Company, or its assignee, may elect to repurchase all or a portion of the Unvested Shares by giving Purchaser written notice of exercise of the Repurchase Option. 

(c) Calculation of Repurchase Price. The Company or its assignee shall have the option to repurchase from Purchaser (or from
Purchaser’s personal representative as the case may be) all or a portion of the Unvested Shares at the purchase price per Share paid by the Purchaser as provided in Section 1 hereof. 

(d) Payment of Repurchase Price. The repurchase price shall be payable, at the option of the Company or its assignee, by check or by
cancellation of all or a portion of any outstanding indebtedness of Purchaser to the Company or such assignee, or by any combination thereof. The repurchase price shall be paid without interest within 30 days after exercise of the Repurchase Option.

 7. Escrow of Unvested Shares. For purposes of facilitating the enforcement of the provisions of Section 3 and 6
above, Purchaser agrees, immediately upon receipt of the certificate(s) for the Shares subject to the Repurchase Option, to deliver such certificate(s), together with an Assignment Separate from Certificate in the form attached to this Agreement as
Attachment A executed by Purchaser and by Purchaser’s spouse (if required for transfer), in blank, to the Secretary of the Company, or the Secretary’s designee, to hold such certificate(s) and Assignment Separate
from Certificate in escrow and to take all such actions and to effectuate all such transfers and/or releases as are in accordance with the terms of this Agreement. Purchaser hereby acknowledges that the Secretary of the Company, or the
Secretary’s designee, is so appointed as the escrow holder with the foregoing authorities as a material inducement to make this Agreement and that said appointment is coupled with an interest and is accordingly irrevocable. Purchaser agrees
that said escrow holder shall not be liable to any party hereof (or to any other party). The escrow holder may rely upon any letter, notice or other document executed 

  
 6 

  

 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 
by any signature purported to be genuine and may resign at any time. Purchaser agrees that if the Secretary of the Company, or the Secretary’s designee, resigns as escrow holder for any or
no reason, the Board of Directors of the Company shall have the power to appoint a successor to serve as escrow holder pursuant to the terms of this Agreement. 

8. Restrictive Legends and Stop-Transfer Orders. 

(a) Legends. The certificate or certificates representing the Shares shall bear the following legends (as well as any
legends required by applicable state and federal corporate and securities laws): 
  

	 	(i)	 THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND HAVE
BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL FOR THE
COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933. 

  

	 	(ii)	 THE SHARES REPRESENTED BY THIS CERTIFICATE MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF AN AGREEMENT
BETWEEN THE COMPANY AND THE HOLDER, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY. 

  

	 	(iii)	 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON PUBLIC RESALE AND TRANSFER,
INCLUDING THE RIGHT OF REPURCHASE AND RIGHT OF FIRST REFUSAL HELD BY THE ISSUER AND/OR ITS ASSIGNEE(S), AND A MARKET STANDOFF AGREE,EMT AS SET FORTH IN A STOCK OPTION EXERCISE AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES, A
COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH PUBLIC SALE AND TRANSFER RESTRICTIONS INCLUDING THE RIGHT OF REPURCHASE, RIGHT OF FIRST REFUSAL AND THE MARKET STANDOFF ARE BINDING ON TRANSFEREES OF THESE SHARES.

 (b) Stop-Transfer Notices. Purchaser agrees that, in order to ensure compliance with the
restrictions referred to herein, the Company may issue appropriate “stop transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate notations to the same effect in
its own records. 
 (c) Refusal to Transfer. The Company shall not be required (i) to transfer on its books any
Shares that have been sold or otherwise transferred in violation of any of the provisions of this Agreement or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee to whom
such Shares shall have been so transferred. 

  
 7 

  

 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 9. No Employment Rights. Nothing in this Agreement shall affect in any
manner whatsoever the right or power of the Company, or a parent or subsidiary of the Company, to terminate Purchaser’s employment or consulting relationship, for any reason, with or without cause. 

10. Lock-Up Agreement. In connection with the initial public offering of the
Company’s securities and upon request of the Company or the underwriters managing any underwritten offering of the Company’s securities, Purchaser agrees not to sell, make any short sale of, loan, grant any option for the purchase of, or
otherwise dispose of any securities of the Company however or whenever acquired (other than those included in the registration) without the prior written consent of the Company or such underwriters, as the case may be, for such period of time (not
to exceed one hundred eighty (180) days) from the effective date of such registration as may be requested by the Company or such managing underwriters and to execute an agreement reflecting the foregoing as may be requested by the underwriters
at the time of the public offering; provided however that, if during the last 17 days of the restricted period the Company issues an earnings release or material news or a material event relating to the Company occurs, or prior to the expiration of
the restricted period the Company announces that it will release earnings results during the 16-day period beginning on the last day of the restricted period, then, upon the request of the managing
underwriter, to the extent required by any FINRA rules, the restrictions imposed by this subsection (a) shall continue to apply until the end of the third trading day following the expiration of the
15-day period beginning on the issuance of the earnings release or the occurrence of the material news or material event. In no event will the restricted period extend beyond 216 days after the effective date
of the registration statement 
 11. Miscellaneous. 

(a) Governing Law. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the
parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of California, without giving effect to principles of conflicts of law. 

(b) Entire Agreement; Enforcement of Rights. This Agreement sets forth the entire agreement and understanding of the
parties relating to the subject matter herein and merges all prior discussions between them. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless in writing signed by the
parties to this Agreement. The failure by either party to enforce any rights under this Agreement shall not be construed as a waiver of any rights of such party. 

(c) Severability. If one or more provisions of this Agreement are held to be unenforceable under Applicable Laws,
the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (i) such provision shall be excluded from this Agreement,
(ii) the balance of the Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of the Agreement shall be enforceable in accordance with its terms. 

(d) Notices. Any notice required or permitted by this Agreement shall be in writing and shall be deemed sufficient when
delivered personally or sent by telegram or fax or forty-eight (48) hours after being deposited in the U.S. mail, as certified or registered mail, with postage prepaid, and addressed to the party to be notified at such party’s address as
set forth below or as subsequently modified by written notice. 

  
 8 

  

 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 (e) Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original and all of which together shall constitute one instrument. 
 (f) Successors
and Assigns. The rights and benefits of this Agreement shall inure to the benefit of, and be enforceable by the Company’s successors and assigns. The rights and obligations of Purchaser under this Agreement may only be assigned
with the prior written consent of the Company. 
 (g) California Corporate Securities Law. THE SALE OF THE SECURITIES
WHICH ARE THE SUBJECT OF THIS AGREEMENT HAS NOT BEEN QUALIFIED WITH THE COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA AND THE ISSUANCE OF THE SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF THE CONSIDERATION THEREFOR PRIOR TO THE
QUALIFICATION IS UNLAWFUL, UNLESS THE SALE OF SECURITIES IS EXEMPT FROM QUALIFICATION BY SECTION 25100, 25102 OR 25105 OF THE CALIFORNIA CORPORATIONS CODE. THE RIGHTS OF ALL PARTIES TO THIS AGREEMENT ARE EXPRESSLY CONDITIONED UPON THE QUALIFICATION
BEING OBTAINED, UNLESS THE SALE IS SO EXEMPT. 
 [Signature Page Follows] 

  
 9 

  

 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 The parties have executed this Exercise Agreement as of the date first set forth above. 

 

			
	 THE COMPANY:
  

UBER TECHNOLOGIES, INC.

		
	By:	 	  

		 	(signature)
	Name:
	Title:
	
	Address:
	
	OPTIONEE:
	
	  

	(signature)

 I,
                                         
   , spouse of                         , have read and hereby approve the foregoing Agreement. In consideration of
the Company’s granting my spouse the right to purchase the Shares as set forth in the Agreement, I hereby agree to be irrevocably bound by the Agreement and further agree that any community property or other such interest shall hereby by
similarly bound by the Agreement. I hereby appoint my spouse as my attorney-in-fact with respect to any amendment or exercise of any rights under the Agreement. 

 

                       
                                         
                             

Spouse of
                         (if
applicable)                             

  
 10 

  

 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 ATTACHMENT 1 

SECTION 83(b) ELECTION 

  

 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 ELECTION UNDER SECTION 83(b) OF THE INTERNAL REVENUE CODE 

The undersigned Taxpayer hereby elects, pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended, to include the excess, if any, of the
fair market value of the property described below at the time of transfer over the amount paid for such property, as compensation for services in the calculation of: (1) regular gross income; (2) alternative minimum taxable income or
(3) disqualifying disposition gross income, as the case may be. 
  

			
	 1.  TAXPAYER’S NAME:
	  	  

		
	 TAXPAYER’S ADDRESS:
	  	  

		
		  	  

		
	 SOCIAL SECURITY NUMBER: 
	  	  

  

	2.	 The property with respect to which the election is made is described as follows:
                 shares of Common Stock, $0.00001 par value per share, of Uber Technologies, Inc., a Delaware corporation (the “Company”)
which were transferred upon exercise of an option by Company, which is Taxpayer’s employer or the corporation for whom the Taxpayer performs services. 

  

	3.	 The date on which the shares were transferred pursuant to the exercise of the option was
                                    ,
         and this election is made for calendar year         . 

  

	4.	 The shares received upon exercise of the option are subject to the following restrictions: The Company may
repurchase all or a portion of the shares at the Taxpayer’s original purchase price under certain conditions at the time of Taxpayer’s termination of employment or services. 

 

	5.	 The fair market value of the shares (without regard to restrictions other than restrictions which by their
terms will never lapse) was $             per share at the time of exercise of the option. 

  

	6.	 The amount paid for such shares upon exercise of the option was
$             per share. 

  

	7.	 The Taxpayer has submitted a copy of this statement to the Company. 

THIS ELECTION MUST BE FILED WITH THE INTERNAL REVENUE SERVICE (“IRS”), AT THE OFFICE WHERE THE TAXPAYER FILES ANNUAL INCOME
TAX RETURNS, WITHIN 30 DAYS AFTER THE DATE OF TRANSFER OF THE SHARES, AND MUST ALSO BE FILED WITH THE TAXPAYER’S INCOME TAX RETURNS FOR THE CALENDAR YEAR. THE ELECTION CANNOT BE REVOKED WITHOUT THE CONSENT OF THE IRS. 

 

	
	
Dated:                  
                                         
                                         
                                         
                                         
                      

	
                   
                                         
                                         
          Taxpayer’s Signature

  

 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 ATTACHMENT A 

STOCK POWER AND ASSIGNMENT 

SEPARATE FROM STOCK CERTIFICATE 

  

 Confidential Treatment Requested by Uber Technologies, Inc. 

Pursuant to 17 C.F.R. Section 200.83 
  

 STOCK POWER AND ASSIGNMENT 

SEPARATE FROM STOCK CERTIFICATE 

FOR VALUE RECEIVED and pursuant to that certain Stock Option Exercise Agreement dated as of
                        ,                , (the
“Agreement”), the undersigned hereby sells, assigns and transfers
unto,                                        
                                    
(                        ) shares of the Common Stock $0.00001 par value per share, of Uber Technologies, Inc., a Delaware
corporation (the “Company”), standing in the undersigned’s name on the books of the Company represented by Certificate No(s).
                 delivered herewith, and does hereby irrevocably constitute and appoint the Secretary of the Company as the undersigned’s attorney-in-fact, with full power of substitution, to transfer said stock on the books of the Company. THIS ASSIGNMENT MAY ONLY BE USED AS AUTHORIZED BY THE AGREEMENT AND
ANY EXHIBITS THERETO. 
 Dated: _______________, _____ 
  

	
	PURCHASER
	
	  

	(Signature)
	
	  

	(Please Print Name)
	
	  

	(Spouse’s Signature, if any)
	
	  

	(Please Print Spouse’s Name)

 Instructions to Purchaser: Please do not fill in any blanks other than the signature line.
The purpose of this Stock Power and Assignment is to enable the Company to acquire the shares and to exercise its “Refusal Right” or “Repurchase Option” set forth in the Agreement without requiring additional signatures on the
part of the Purchaser or Purchaser’s Spouse, if any.

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