Document:

EX-10.2

 Exhibit 10.2 

BENECHILL, INC. 

2003 STOCK INCENTIVE PLAN 

(As Amended, as of July 14, 2009) 

1. Purpose of Plan. 
 The purpose of the
BeneChill, Inc. 2003 Stock Incentive Plan (the “Plan”) is to advance the interests of BeneChill, Inc. (the “Company”) and its stockholders by enabling the Company and its Subsidiaries to attract and retain persons of skill and
ability to perform services for the Company and its Subsidiaries by providing an incentive to such individuals through equity participation in the Company and by rewarding such individuals who contribute to the achievement by the Company of its
economic objectives. 
 2. Definitions. 

The following terms will have the meanings set forth below, unless the context clearly otherwise requires: 

2.1 “Board” means the Board of Directors of the Company. 

2.2 “Broker Exercise Notice” means a written notice pursuant to which a Participant, upon exercise of an Option, irrevocably
instructs a broker or dealer to sell a sufficient number of shares or loan a sufficient amount of money to pay all or a portion of the exercise price of the Option and/or any related withholding tax obligations and remit such sums to the Company and
directs the Company to deliver stock certificates to be issued upon such exercise directly to such broker or dealer. 
 2.3 “Change
in Control” means an event described in Section 13.1 of the Plan. 
 2.4 “Code” means the Internal Revenue
Code of 1986, as amended. 
 2.5 “Committee” means the group of individuals administering the Plan, as provided in
Section 3 of the Plan. 
 2.6 “Common Stock” means the common stock of the Company, $.001 par value, or the number and
kind of shares of stock or other securities into which such common stock may be changed in accordance with Section 4.3 of the Plan. 

2.7 “Disability” means the disability of the Participant such as would entitle the Participant to receive disability income
benefits pursuant to the long-term disability plan of the Company or Subsidiary then covering the Participant or, if no such plan exists or is applicable to the Participant, the permanent and total disability of the Participant within the meaning of
Section 22(e)(3) of the Code. 
 2.8 “Eligible Recipients” means all employees of the Company or any Subsidiary and
any non-employee directors, consultants and independent contractors of the Company or any Subsidiary. 
 2.9 “Exchange Act”
means the Securities Exchange Act of 1934, as amended. 

 2.10 “Fair Market Value” means, with respect to the Common Stock, as of any date
(or, if no shares were traded or quoted on such date, as of the next preceding date on which there was such a trade or quote) (a) the mean between the reported high and low sale prices of the Common Stock if the Common Stock is listed, admitted
to unlisted trading privileges or reported on any foreign or national securities exchange or on the Nasdaq National Market or an equivalent foreign market on which sale prices are reported; (b) if the Common Stock is not so listed, admitted to
unlisted trading privileges or reported, the closing bid price as reported by the Nasdaq SmallCap Market, OTC Bulletin Board or the National Quotation Bureau, Inc. or other comparable service; or (c) if the Common Stock is not so listed or
reported, such price as the Committee determines in good faith in the exercise of its reasonable discretion. 
 2.11 “Incentive
Award” means an Option, Stock Appreciation Right, Restricted Stock Award, Performance Unit or Stock Bonus granted to an Eligible Recipient pursuant to the Plan. 

2.12 “Incentive Stock Option” means a right to purchase Common Stock granted to an Eligible Recipient pursuant to
Section 6 of the Plan that qualifies as an “incentive stock option” within the meaning of Section 422 of the Code. 

2.13 “Non-Statutory Stock Option” means a right to purchase Common Stock granted to an Eligible Recipient pursuant to
Section 6 of the Plan that does not qualify as an Incentive Stock Option. 
 2.14 “Option” means an Incentive Stock
Option or a Non-Statutory Stock Option. 
 2.15 “Participant” means an Eligible Recipient who receives one or more
Incentive Awards under the Plan. 
 2.16 “Performance Unit” means a right granted to an Eligible Recipient pursuant to
Section 9 of the Plan to receive a payment from the Company, in the form of stock, cash or a combination of both, upon the achievement of established employment, service, performance or other goals. 

2.17 “Previously Acquired Shares” means shares of Common Stock that are already owned by the Participant or, with respect to
any Incentive Award, that are to be issued upon the grant, exercise or vesting of such Incentive Award. 
 2.18 “Restricted Stock
Award” means an award of Common Stock granted to an Eligible Recipient pursuant to Section 8 of the Plan that is subject to the restrictions on transferability and the risk of forfeiture imposed by the provisions of such
Section 8. 
 2.19 “Retirement” means termination of employment or service pursuant to and in accordance with the
regular (or, if approved by the Board for purposes of the Plan, early) retirement/pension plan or practice of the Company or Subsidiary then covering the Participant, provided that if the Participant is not covered by any such plan or practice, the
Participant will be deemed to be covered by the Company’s plan or practice for purposes of this determination. 
 2.20
“Securities Act” means the Securities Act of 1933, as amended. 

  
 2 

 2.21 “Stock Appreciation Right” means a right granted to an Eligible Recipient
pursuant to Section 7 of the Plan to receive a payment from the Company, in the form of stock, cash or a combination of both, equal to the difference between the Fair Market Value of one or more shares of Common Stock and the exercise price of
such shares under the terms of such Stock Appreciation Right. 
 2.22 “Stock Bonus” means an award of Common Stock granted
to an Eligible Recipient pursuant to Section 10 of the Plan. 
 2.23 “Subsidiary” means any entity that is directly or
indirectly controlled by the Company or any entity in which the Company has a significant equity interest, as determined by the Committee. 

2.24 “Tax Date” means the date any withholding tax obligation arises under the Code or other applicable tax statute for a
Participant with respect to an Incentive Award. 
 3. Plan Administration. 

3.1 The Committee. The Plan will be administered by the Board or by a committee of the Board. So long as the Company has a class of its
equity securities registered under Section 12 of the Exchange Act, any committee administering the Plan will consist solely of two or more members of the Board who are “non-employee directors” within the meaning of Rule 16b-3 under
the Exchange Act and, if the Board so determines in its sole discretion, who are “outside directors” within the meaning of Section 162(m) of the Code. Such a committee, if established, will act by majority approval of the members (but
may also take action with the written consent of a majority of the members of such committee), and a majority of the members of such a committee will constitute a quorum. As used in the Plan, “Committee” will refer to the Board or to such
a committee, if established. To the extent consistent with corporate law, the Committee may delegate to any officers of the Company the duties, power and authority of the Committee under the Plan pursuant to such conditions or limitations as the
Committee may establish; provided, however, that only the Committee may exercise such duties, power and authority with respect to Eligible Recipients who are subject to Section 16 of the Exchange Act. The Committee may exercise its duties,
power and authority under the Plan in its sole and absolute discretion without the consent of any Participant or other party, unless the Plan specifically provides otherwise. Each determination, interpretation or other action made or taken by the
Committee pursuant to the provisions of the Plan will be final, conclusive and binding for all purposes and on all persons, including, without limitation, the Company, the stockholders of the Company, the participants and their respective
successors-in-interest. No member of the Committee will be liable for any action or determination made in good faith with respect to the Plan or any Incentive Award granted under the Plan. 

3.2 Authority of the Committee. 

(a) In accordance with and subject to the provisions of the Plan, the Committee will have the authority to determine all
provisions of Incentive Awards as the Committee may deem necessary or desirable and as consistent with the terms of the Plan, including, without limitation, the following: (i) the Eligible Recipients to be selected as Participants;
(ii) the nature and extent of the Incentive Awards to be made to each Participant (including the number of shares of Common Stock to be subject to each 

  
 3 

 
Incentive Award, any exercise price, the manner in which Incentive Awards will vest or become exercisable and whether Incentive Awards will be granted in tandem with other Incentive Awards) and
the form of written agreement, if any, evidencing such Incentive Award; (iii) the time or times when Incentive Awards will be granted; (iv) the duration of each Incentive Award; and (v) the restrictions and other conditions to which
the payment or vesting of Incentive Awards may be subject. In addition, the Committee will have the authority under the Plan in its sole discretion to pay the economic value of any Incentive Award in the form of cash, Common Stock or any combination
of both. 
 (b) The Committee will have the authority under the Plan to amend or modify the terms of any outstanding
Incentive Award in any manner, including, without limitation, the authority to modify the number of shares or other terms and conditions of an Incentive Award, extend the term of an Incentive Award, accelerate the exercisability or vesting or
otherwise terminate any restrictions relating to an Incentive Award, accept the surrender of any outstanding Incentive Award or, to the extent not previously exercised or vested, authorize the grant of new Incentive Awards in substitution for
surrendered Incentive Awards; provided, however that the amended or modified terms are permitted by the Plan as then in effect and that any Participant adversely affected by such amended or modified terms has consented to such amendment or
modification. No amendment or modification to an Incentive Award, however, whether pursuant to this Section 3.2 or any other provisions of the Plan, will be deemed to be a re-grant of such Incentive Award for purposes of this Plan. 

(c) In the event of (i) any reorganization, merger, consolidation, recapitalization, liquidation, reclassification, stock
dividend, stock split, combination of shares, rights offering, extraordinary dividend or divestiture (including a spin-off) or any other similar change in corporate structure or shares, (ii) any purchase,
acquisition, sale or disposition of a significant amount of assets or a significant business, (iii) any change in accounting principles or practices, or (iv) any other similar change, in each case with respect to the Company or any other
entity whose performance is relevant to the grant or vesting of an Incentive Award, the Committee (or, if the Company is not the surviving corporation in any such transaction, the board of directors of the surviving corporation) may, without the
consent of any affected Participant, amend or modify the vesting criteria of any outstanding Incentive Award that is based in whole or in part on the financial performance of the Company (or any Subsidiary or division thereof) or such other entity
so as equitably to reflect such event, with the desired result that the criteria for evaluating such financial performance of the Company or such other entity will be substantially the same (in the sole discretion of the Committee or the board of
directors of the surviving corporation) following such event as prior to such event; provided, however, that the amended or modified terms are permitted by the Plan as then in effect. 

4. Shares Available for Issuance. 
 4.1
Maximum Number of Shares Available. Subject to adjustment as provided in Section 4.3 of the Plan or by amendment, the maximum number of shares of Common Stock that will be available for issuance under the Plan will be two million seven
hundred fifty-one thousand six hundred twenty-five (2,751,625). 

  
 4 

 4.2 Accounting for Incentive Awards. Shares of Common Stock that are issued under the Plan
or that are subject to outstanding Incentive Awards will be applied to reduce the maximum number of shares of Common Stock remaining available for issuance under the Plan. Any shares of Common Stock that are subject to an Incentive Award that lapse,
expire, are forfeited or for any reason are terminated unexercised or unvested and any shares of Common Stock that are subject to an Incentive Award that is settled or paid in cash or any form other than shares of Common Stock will automatically
again become available for issuance under the Plan. Any shares of Common Stock that constitute the forfeited portion of a Restricted Stock Award will not become available for re-issuance under the Plan after they have been so forfeited. 

4.3 Adjustments to Shares and Incentive Awards. In the event of any reorganization, merger, consolidation, recapitalization,
liquidation, reclassification, stock dividend, stock split, combination of shares, rights offering, divestiture or extraordinary dividend (including a spin-off) or any other similar change in the corporate structure or shares of the Company, the
Committee (or, if the Company is not the surviving corporation in any such transaction, the board of directors of the surviving corporation) will make appropriate adjustment (which determination will be conclusive) as to the number and kind of
securities or other property (including cash) available for issuance or payment under the Plan and, in order to prevent dilution or enlargement of the rights of Participants, (a) the number and kind of securities or other property (including
cash) subject to outstanding Options, and (b) the exercise price of outstanding Options. 
 5. Participation. 

Participants in the Plan will be those Eligible Recipients who, in the judgment of the Committee, have contributed, are contributing or are
expected to contribute to the achievement of economic objectives of the Company or its Subsidiaries. Eligible Recipients may be granted from time to time one or more Incentive Awards, singly or in combination or in tandem with other Incentive
Awards, as may be determined by the Committee in its sole discretion. Incentive Awards will be deemed to be granted as of the date specified in the grant resolution of the Committee, which date will be the date of any related agreement with the
Participant. 
 6. Options. 
 6.1
Grant. An Eligible Recipient may be granted one or more Options under the Plan, and such Options will be subject to such terms and conditions, consistent with the other provisions of the Plan, as may be determined by the Committee in its sole
discretion. The Committee may designate whether an Option is to be considered an Incentive Stock Option or a Non-Statutory Stock Option. To the extent that any Incentive Stock Option granted under the Plan ceases for any reason to qualify as an
“incentive stock option” for purposes of Section 422 of the Code, such Incentive Stock Option will continue to be outstanding for purposes of the Plan but will thereafter be deemed to be a Non-Statutory Stock Option. 

6.2 Exercise Price. The per share price to be paid by a Participant upon exercise of an Option will be determined by the Committee in
its discretion at the time of the Option grant; provided, however, that (a) such price will not be less than 100% of the Fair Market Value of one share of Common Stock on the date of grant with respect to an Incentive Stock Option (110% of the
Fair Market Value if, at the time the Incentive Stock Option is granted, the Participant owns, directly or indirectly, more than 10% of the total combined voting power of all classes of stock 

  
 5 

 
of the Company or any parent or subsidiary corporation of the Company), and (b) such price will not be less than 85% of the Fair Market Value of one share of Common Stock on the date of
grant with respect to a Non-Statutory Stock Option. 
 6.3 Exercisability and Duration. An Option will become exercisable at such
times and in such installments as may be determined by the Committee in its sole discretion at the time of grant; provided, however, that no Incentive Stock Option may be exercisable after ten (10) years from its date of grant (five
(5) years from its date of grant if, at the time the Incentive Stock Option is granted, the Participant owns, directly or indirectly, more than 10% of the total combined voting power of all classes of stock of the Company or any parent or
subsidiary corporation of the Company). 
 6.4 Payment of Exercise Price. The total purchase price of the shares to be purchased upon
exercise of an Option will be paid entirely in cash (including check, bank draft or money order); provided, however, that the Committee, in its sole discretion and upon terms and conditions established by the Committee, may allow such payments to be
made, in whole or in part, by tender of a Broker Exercise Notice, Previously Acquired Shares, a promissory note (on terms acceptable to the Committee in its sole discretion) or by a combination of such methods. 

6.5 Manner of Exercise. An Option may be exercised by a Participant in whole or in part from time to time, subject to the conditions
contained in the Plan and in the agreement evidencing such Option, by delivery in person, by facsimile or electronic transmission or through the mail of written notice of exercise to the Company (Attention: Chief Financial Officer) at its principal
executive office in White Bear Lake, Minnesota and by paying in full the total exercise price for the shares of Common Stock to be purchased in accordance with Section 6.4 of the Plan. 

6.6 Aggregate Limitation of Stock Subject to Incentive Stock Options. To the extent that the aggregate Fair Market Value (determined as
of the date an Incentive Stock Option is granted) of the shares of Common Stock with respect to which incentive stock options (within the meaning of Section 422 of the Code) are exercisable for the first time by a Participant during any
calendar year (under the Plan and any other incentive stock option plans of the Company or any subsidiary or parent corporation of the Company (within the meaning of the Code)) exceeds $100,000 (or such other amount as may be prescribed by the Code
from time to time), such excess Options will be treated as Non-Statutory Stock Options. The determination will be made by taking incentive stock options into account in the order in which they were granted. If such excess only applies to a portion
of an Incentive Stock Option, the Committee, in its discretion, will designate which shares will be treated as shares to be acquired upon exercise of an Incentive Stock Option. 

7. Stock Appreciation Rights. 
 7.1
Grant. An Eligible Recipient may be granted one or more Stock Appreciation Rights under the Plan, and such Stock Appreciation Rights will be subject to such terms and conditions, consistent with the other provisions of the Plan, as may be
determined by the Committee in its sole discretion. The Committee will have the sole discretion to determine the form in which payment of the economic value of Stock Appreciation Rights will be made to a Participant (i.e., cash, Common Stock or any
combination thereof) or to consent to or disapprove the election by a Participant of the form of such payment. 

  
 6 

 7.2 Exercise Price. The exercise price of a Stock Appreciation Right will be determined by
the Committee, in its discretion, at the date of grant but may not be less than 100% of the Fair Market Value of one share of Common Stock on the date of grant. 

7.3 Exercisability and Duration. A Stock Appreciation Right will become exercisable at such time and in such installments as may be
determined by the Committee in its sole discretion at the time of grant; provided, however, that no Stock Appreciation Right may be exercisable after ten (10) years from its date of grant. A Stock Appreciation Right will be exercised by giving
notice in the same manner as for Options, as set forth in Section 6.5 of the Plan. 
 8. Restricted Stock Awards. 

8.1 Grant. An Eligible Recipient may be granted one or more Restricted Stock Awards under the Plan, and such Restricted Stock Awards
will be subject to such terms and conditions, consistent with the other provisions of the Plan, as may be determined by the Committee in its sole discretion. The Committee may impose such restrictions or conditions, such as a repurchase option or
forfeiture, not inconsistent with the provisions of the Plan, to the vesting of or the lapse of restrictions or conditions for any such Restricted Stock Awards as it deems appropriate, including, without limitation, that the Participant remain in
the continuous employ or service of the Company or a Subsidiary for a certain period or that the Participant or the Company (or any Subsidiary or division thereof) satisfy certain performance goals or criteria. 

8.2 Rights as a Stockholder; Transferability. Except as provided in Sections 8.1, 8.3 and 14.3 of the Plan, a Participant will have all
voting, dividend, liquidation and other rights with respect to shares of Common Stock issued to the Participant as a Restricted Stock Award under this Section 8 upon the Participant becoming the holder of record of such shares as if such
Participant were a holder of record of shares of unrestricted Common Stock. 
 8.3 Dividends and Distributions. Unless the Committee
determines otherwise in its sole discretion (either in the agreement evidencing the Restricted Stock Award at the time of grant or at any time after the grant of the Restricted Stock Award), any dividends or distributions (including regular
quarterly cash dividends) paid with respect to shares of Common Stock subject to the unvested portion of a Restricted Stock Award will be subject to the same restrictions as the shares to which such dividends or distributions relate. In the event
the Committee determines not to pay dividends or distributions currently, the Committee will determine in its sole discretion whether any interest will be paid on such dividends or distributions. In addition, the Committee in its sole discretion may
require such dividends and distributions to be reinvested (and in such case the Participant consents to such reinvestment) in shares of Common Stock that will be subject to the same restrictions as the shares to which such dividends or distributions
relate. 
 8.4 Enforcement of Restrictions. To enforce the restrictions referred to in this Section 8, the Committee may place a
legend on the stock certificates referring to such restrictions and may require the Participant, until the restrictions have lapsed, to keep the stock certificates, together with duly endorsed stock powers, in the custody of the Company or its
transfer agent or to maintain evidence of stock ownership, together with duly endorsed stock powers, in a certificateless book-entry stock account with the Company’s transfer agent. 

  
 7 

 9. Performance Units. 

An Eligible Recipient may be granted one or more Performance Units under the Plan, and such Performance Units will be subject to such terms
and conditions, consistent with the other provisions of the Plan, as may be determined by the Committee in its sole discretion. The Committee may impose such restrictions or conditions, not inconsistent with the provisions of the Plan, to the
vesting of such Performance Units as it deems appropriate, including, without limitation, that the Participant remain in the continuous employ or service of the Company or any Subsidiary for a certain period or that the Participant or the Company
(or any Subsidiary or division thereof) satisfy certain performance goals or criteria. The Committee will have the sole discretion to determine the form in which payment of the economic value of Performance Units will be made to a Participant (i.e.,
cash, Common Stock or any combination thereof) or to consent to or disapprove the election by a Participant of the form of such payment. 
 10. Stock
Bonuses. 
 An Eligible Recipient may be granted one or more Stock Bonus under the Plan, and such Stock Bonuses will be subject to such
terms and conditions, consistent with the other provisions of the Plan, as may be determined by the Committee. The Participant will have all voting, dividend, liquidation and other rights with respect to the shares of Common Stock issued to a
Participant as a Stock Bonus under this Section 10 upon the Participant becoming the holder of record of such shares; provided, however, that the Committee may impose such restrictions on the assignment or transfer of a Stock Bonus as it deems
appropriate. 
 11. Effect of Termination of Employment or Other Service. 

11.1 Termination Due to Death, Disability or Retirement. Unless otherwise provided by the Committee in its sole discretion in the
agreement evidencing an Incentive Award, in the event a Participant’s employment or other service with the Company and all Subsidiaries is terminated by reason of death, Disability or Retirement: 

(a) All outstanding Options and Stock Appreciation Rights then held by the Participant will remain exercisable, to the extent
exercisable as of the date of such termination, for a period of six (6) months after such termination (but in no event after the expiration date of any such Option or Stock Appreciation Right); 

(b) The restrictions (as set forth in the Restricted Stock Award Agreement) applicable to 12.5% of the unvested shares of any
Restricted Stock Award will immediately lapse and terminate and those shares will become fully vested. The balance of the shares shall remain unvested and subject to the restrictions and repurchase option as set forth in the Restricted Stock Award
Agreement; and 
 (c) All Performance Units and Stock Bonuses then held by the Participant will vest and/or continue to vest
in the manner determined by the Committee and set forth in the agreement evidencing such Performance Units or Stock Bonuses. 

  
 8 

 11.2 Termination for Reasons Other than Death, Disability or Retirement. 

(a) Unless otherwise provided by the Committee in its sole discretion in the Restricted Stock Award Agreement or any other
agreement evidencing an Incentive Award, in the event a Participant’s employment or other service is terminated with the Company and all Subsidiaries for any reason other than death, Disability or Retirement, or a Participant is in the employ
or service of a Subsidiary and the Subsidiary ceases to be a Subsidiary of the Company (unless the Participant continues in the employ or service of the Company or another Subsidiary), all rights of the Participant under the Plan and any agreements
evidencing an Incentive Award will terminate immediately upon termination of the Participant’s employment or other service is terminated with the Company and all Subsidiaries, without notice of any kind, and no Options or Stock Appreciation
Rights then held by the Participant will be exercisable, all Restricted Stock Awards then held by the Participant that have not vested will be terminated and forfeited as of the termination date of employment, and all Performance Units and Stock
Bonuses then held by the Participant will vest and/or continue to vest in the manner determined by the Committee and set forth in the agreement evidencing such Performance Units or Stock Bonuses; provided, however, that if such termination is due to
any reason other than termination by the Company or any Subsidiary for “Cause,” all outstanding Options and Stock Appreciation Rights then held by such Participant will remain exercisable, to the extent exercisable as of such termination,
for a period of three (3) months after such termination (but in no event after the expiration date of any such Option or Stock Appreciation Right). 

(b) For purposes of this Section 11.2, “Cause” (as determined by the Committee) will be as defined in an
employment or other agreement or policy applicable to the Participant or, if no such agreement or policy exists, will mean (i) dishonesty, fraud, material misrepresentation, embezzlement or deliberate injury or attempted injury, in each case
related to the Company, any Subsidiary or the business of any such entity, (ii) any unlawful or criminal activity of a serious nature, (iii) any intentional and deliberate breach of a duty or duties that, individually or in the aggregate,
are material in relation to the Participant’s overall duties, or (iv) any material breach of any employment, service, confidentiality or non-compete agreement entered into with the Company or any Subsidiary. 

11.3 Modification of Rights Upon Termination. Notwithstanding the other provisions of this Section 11, upon a Participant’s
termination of employment or other service with the Company and all Subsidiaries, the Committee may, in its sole discretion (which may be exercised at any time on or after the date of grant, including following such termination), cause Options and
Stock Appreciation Rights (or any part thereof) then held by such Participant to become or continue to become exercisable and/or remain exercisable following such termination of employment or service and Restricted Stock Awards, Performance Units
and Stock Bonuses then held by such Participant to vest and/or continue to vest or become free of transfer restrictions, as the case may be, following such termination of employment or service, in each case in the manner determined by the Committee;
provided, however, that no Incentive Award may remain exercisable or continue to vest beyond its expiration date. 
 11.4 Exercise of
Incentive Stock Options Following Termination. Any Incentive Stock Option that remains unexercised (and exercisable pursuant to an agreement with the Company) 

  
 9 

 
more than one (1) year following termination of employment by reason of Disability or more than three (3) months following termination for any reason other than death or Disability will
thereafter be deemed to be a Non-Statutory Stock Option. 
 11.5 Date of Termination of Employment or Other Service. Unless the
Committee otherwise determines in its sole discretion, a Participant’s employment or other service will, for purposes of the Plan, be deemed to have terminated on the date recorded on the personnel or other records of the Company or the
Subsidiary for which the Participant provides employment or other service, as determined by the Committee in its sole discretion based upon such records. 

12. Payment of Withholding Taxes. 
 12.1
General Rules. The Company is entitled to (a) withhold and deduct from future wages of the Participant (or from other amounts that may be due and owing to the Participant from the Company or a Subsidiary), or make other arrangements
for the collection of, all legally required amounts necessary to satisfy any and all foreign, federal, state and local withholding and employment-related tax requirements attributable to an Incentive Award, including, without limitation, the grant,
exercise or vesting of, or payment of dividends with respect to, an Incentive Award or a disqualifying disposition of stock received upon exercise of an Incentive Stock Option, or (b) require the Participant promptly to remit the amount of such
withholding to the Company before taking any action, including issuing any shares of Common Stock, with respect to an Incentive Award. 

12.2 Special Rules. The Committee may, in its sole discretion and upon terms and conditions established by the Committee, permit or
require a Participant to satisfy, in whole or in part, any withholding or employment-related tax obligation described in Section 12.1 of the Plan by electing to tender Previously Acquired Shares, a Broker Exercise Notice or a promissory note
(on terms acceptable to the Committee in its sole discretion), or by a combination of such methods. 
 13. Change in Control. 

13.1 Change in Control. For purposes of this Section 13, a “Change in Control” of the Company will mean the following:

 (a) the sale, lease, exchange or other transfer, directly or indirectly, of substantially all of the assets of the Company
(in one transaction or in a series of related transactions) to a person or entity that is not controlled by the Company; 

(b) the approval by the stockholders of the Company of any plan or proposal for the liquidation or dissolution of the Company;

 (c) any person becomes after the effective date of the Plan the “beneficial owner” (as defined in Rule 13d-3
under the Exchange Act), directly or indirectly, of (i) 20% or more, but not 50% or more, of the combined voting power of the Company’s outstanding securities ordinarily having the right to vote at elections of directors, unless the
transaction resulting in such ownership has been approved in advance by the Continuity Directors (as defined in Section 13.2 below), or (ii) 50% or more of the combined voting power of the Company’s outstanding securities ordinarily
having the 

  
 10 

 
right to vote at elections of directors (regardless of any approval by the Continuity Directors); provided that a traditional institution or venture capital financing transaction shall be
excluded from this definition; 
 (d) a merger or consolidation to which the Company is a party if the stockholders of the
Company immediately prior to effective date of such merger or consolidation have “beneficial ownership” (as defined in Rule 13d-3 under the Exchange Act), immediately following the effective date of such merger or consolidation, of
securities of the surviving corporation representing (i) more than 50%, but less than 80%, of the combined voting power of the surviving corporation’s then outstanding securities ordinarily having the right to vote at elections of
directors, unless such merger or consolidation has been approved in advance by the Continuity Directors, or (ii) 50% or less of the combined voting power of the surviving corporation’s then outstanding securities ordinarily having the
right to vote at elections of directors (regardless of any approval by the Continuity Directors); 
 (e) after the date the
Company’s securities are first sold in a registered public offering, the Continuity Directors cease for any reason to constitute at least a majority of the Board; or 

(f) any other change in control of the Company of a nature that would be required to be reported pursuant to Section 13 or
15(d) of the Exchange Act, whether or not the Company is then subject to such reporting requirement. 
 13.2 Continuity Directors.
For purposes of this Section 13, “Continuity Directors” of the Company will mean any individuals who are members of the Board on the effective date of the Plan and any individual who subsequently becomes a member of the Board whose
election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of the Continuity Directors (either by specific vote or by approval of the Company’s proxy statement in which such individual
is named as a nominee for director without objection to such nomination). 
 13.3 Acceleration of Vesting. Without limiting the
authority of the Committee under Sections 3.2 and 4.3 of the Plan and unless otherwise provided by the Committee in its sole discretion either in the agreement evidencing an Incentive Award at the time of grant or at any time after the grant of an
Incentive Award, if a Change in Control of the Company occurs whereby the acquiring entity or successor to the Company does not assume the Incentive Award or replace it with a substantially equivalent Incentive Award: (a) all outstanding
Options and Stock Appreciation Rights will vest and will become immediately exercisable in full and will remain exercisable for the remainder of their terms, regardless of whether the Participant to whom such Options or Stock Appreciation Rights
have been granted remains in the employ or service of the Company or any Subsidiary or any acquiring entity or successor to the Company; (b) all outstanding Restricted Stock Awards and Performance Units will become immediately fully vested and
non-forfeitable; and (c) all outstanding Stock Bonuses then held by the Participant will vest and/or continue to vest in the manner determined by the Committee and set forth in the agreement evidencing such Stock Bonuses. 

13.4 Cash Payment for Options. If a Change in Control of the Company occurs, then the Committee, if approved by the Committee in its
sole discretion either in an agreement evidencing an Option at the time of grant or at any time after the grant of an Option, and without the consent of any Participant affected thereby, may determine that: 

(a) some or all Participants holding outstanding Options will receive, with respect to some or all of the shares of Common
Stock subject to such Options, as of the effective date of any such Change in Control of the Company, cash in an amount equal to the excess of the Fair Market Value of such shares immediately prior to the effective date of such Change in Control of
the Company over the exercise price per share of such Options; and 

  
 11 

 (b) any Options as to which, as of the effective date of any such Change in
Control, the Fair Market Value of the shares of Common Stock subject to such Options is less than or equal to the exercise price per share of such Options, shall terminate as of the effective date of any such Change in Control. 

If the Committee makes a determination as set forth in subparagraph (a) of this Section 13.4, then as of the effective date of any
such Change in Control of the Company such Options will terminate as to such shares and the Participants formerly holding such Options will only have the right to receive such cash payment(s). If the Committee makes a determination as set forth in
subparagraph (b) of this Section 13.4, then as of the effective date of any such Change in Control of the Company such Options will terminate, become void and expire as to all unexercised shares of Common Stock subject to such Options on
such date, and the Participants formerly holding such Options will have no further rights with respect to such Options. 
 13.5
Limitation on Change in Control Payments. Notwithstanding anything in Section 13.3 or 13.4 of the Plan to the contrary, if, with respect to a Participant, the acceleration of the vesting of an Incentive Award as provided in
Section 13.3 or the payment of cash in exchange for all or part of an Incentive Award as provided in Section 13.4 (which acceleration or payment could be deemed a “payment” within the meaning of Section 280G(b)(2) of the
Code), together with any other “payments” that such Participant has the right to receive from the Company or any corporation that is a member of an “affiliated group” (as defined in Section 1504(a) of the Code without regard
to Section 1504(b) of the Code) of which the Company is a member, would constitute a “parachute payment” (as defined in Section 280G(b)(2) of the Code), then the “payments” to such Participant pursuant to
Section 13.3 or 13.4 of the Plan will be reduced to the largest amount as will result in no portion of such “payments” being subject to the excise tax imposed by Section 4999 of the Code; provided, that such reduction shall be
made only if the aggregate amount of the payments after such reduction exceeds the difference between (A) the amount of such payments absent such reduction minus (B) the aggregate amount of the excise tax imposed under Section 4999 of
the Code attributable to any such excess parachute payments. Notwithstanding the foregoing sentence, if a Participant is subject to a separate agreement with the Company or a Subsidiary that expressly addresses the potential application of Sections
280G or 4999 of the Code (including, without limitation, that “payments” under such agreement or otherwise will be reduced, that the Participant will have the discretion to determine which “payments” will be reduced, that such
“payments” will not be reduced or that such “payments” will be “grossed up” for tax purposes), then this Section 13.5 will not apply, and any “payments” to a Participant pursuant to Section 13.3 or
13.4 of the Plan will be treated as “payments” arising under such separate agreement. 

  
 12 

 14. Rights of Eligible Recipients and Participants; Transferability. 

14.1 Employment or Service. Nothing in the Plan will interfere with or limit in any way the right of the Company or any Subsidiary to
terminate the employment or service of any Eligible Recipient or Participant at any time, nor confer upon any Eligible Recipient or Participant any right to continue in the employ or service of the Company or any Subsidiary. 

14.2 Rights as a Stockholder. As a holder of Incentive Awards (other than Restricted Stock Awards and Stock Bonuses), a Participant
will have no rights as a stockholder unless and until such Incentive Awards are exercised for, or paid in the form of, shares of Common Stock and the Participant becomes the holder of record of such shares. Except as otherwise provided in the Plan,
no adjustment will be made for dividends or distributions with respect to such Incentive Awards as to which there is a record date preceding the date the Participant becomes the holder of record of such shares, except as the Committee may determine
in its discretion. 
 14.3 Restrictions on Transfer. Except pursuant to testamentary will or the laws of descent and distribution or
as otherwise expressly permitted by the Plan, unless approved by the Committee in its sole discretion, no right or interest of any Participant in an Incentive Award prior to the exercise or vesting of such Incentive Award will be assignable or
transferable, or subjected to any lien, during the lifetime of the Participant, either voluntarily or involuntarily, directly or indirectly, by operation of law or otherwise. A Participant will, however, be entitled to designate a beneficiary to
receive an Incentive Award upon such Participant’s death, and in the event of a Participant’s death, payment of any amounts due under the Plan will be made to, and exercise of any Options (to the extent permitted pursuant to
Section 11 of the Plan) may be made by, the Participant’s legal representatives, heirs and legatees. 
 14.4 Breach of
Confidentiality, Assignment of Inventions or Non-Compete Agreements. Notwithstanding anything in the Plan to the contrary, in the event that a Participant materially breaches the terms of any confidentiality, assignment of inventions or
non-compete agreement entered into with the Company or any Subsidiary, whether such breach occurs before or after termination of such Participant’s employment or other service with the Company or any Subsidiary, the Committee in its sole
discretion may immediately terminate all rights of the Participant under the Plan and any agreements evidencing an Incentive Award then held by the Participant without notice of any kind. 

14.5 Non-Exclusivity of the Plan. Nothing contained in the Plan is intended to modify or
rescind any previously or subsequently approved compensation plans or programs of the Company or create any limitations on the power or authority of the Board to adopt such additional or other compensation arrangements as the Board may deem
necessary or desirable. 
 15. Securities Law and Other Restrictions. 

Notwithstanding any other provision of the Plan or any agreements entered into pursuant to the Plan, the Company will not be required to issue
any shares of Common Stock under this Plan, and a Participant may not sell, assign, transfer or otherwise dispose of shares of Common Stock issued pursuant to Incentive Awards granted under the Plan, unless (a) there is in effect with respect
to such shares a registration statement under the Securities Act and any applicable state or foreign securities laws or an exemption from such registration under the Securities Act and applicable state or foreign securities laws, and (b) there
has been obtained any other consent, 

  
 13 

 
approval or permit from any other regulatory body which the Committee, in its sole discretion, deems necessary or advisable. The Company may condition such issuance, sale or transfer upon the
receipt of any representations or agreements from the parties involved, and the placement of any legends on certificates representing shares of Common Stock, as may be deemed necessary or advisable by the Company in order to comply with such
securities law or other restrictions. 
 16. Plan Amendment, Modification and Termination. 

The Board may suspend or terminate the Plan or any portion thereof at any time, and may amend the Plan from time to time in such respects as
the Board may deem advisable in order that Incentive Awards under the Plan will conform to any change in applicable laws or regulations or in any other respect the Board may deem to be in the best interests of the Company; provided, however, that no
amendments to the Plan will be effective without approval of the stockholders of the Company if stockholder approval of the amendment is then required pursuant to Section 422 of the Code or the rules of any stock exchange or Nasdaq or similar
regulatory body. No termination, suspension or amendment of the Plan may adversely affect any outstanding Incentive Award without the consent of the affected Participant; provided, however, that this sentence will not impair the right of the
Committee to take whatever action it deems appropriate under Sections 3.2, 4.3 and 13 of the Plan. 
 17. Effective Date and Duration of the Plan.

 The Plan is effective as of December 9, 2003, the date it was adopted by the Board and the shareholders. The Plan will terminate at
midnight on December 9, 2013 and may be terminated prior to such time by Board action, and no Incentive Award may be granted after such termination. Incentive Awards outstanding upon termination of the Plan may continue to be exercised, or
become free of restrictions, in accordance with their terms. 
 18. Miscellaneous. 

18.1 Governing Law. The validity, construction, interpretation, administration and effect of the Plan and any rules, regulations and
actions relating to the Plan will be governed by and construed exclusively in accordance with the laws of the State of Minnesota, notwithstanding the conflicts of laws principles of any jurisdictions. 

18.2 Successors and Assigns. The Plan will be binding upon and inure to the benefit of the successors and permitted assigns of the
Company and the Participants. 

  
 14EX-10.3

 Exhibit 10.3 

BENECHILL, INC. 
 2013
STOCK INCENTIVE PLAN 
 1. Purpose of Plan. 

The purpose of the BeneChill, Inc. 2013 Stock Incentive Plan (the “Plan”) is to advance the interests of BeneChill, Inc., a
Delaware corporation (the “Company”), and its stockholders by enabling the Company and its Subsidiaries to attract and retain persons of ability to perform services for the Company and its Subsidiaries by providing an incentive to
such individuals through opportunities for equity participation in the Company and by rewarding such individuals who contribute to the achievement by the Company of its economic objectives. 

2. Definitions. 
 The following terms
will have the meanings set forth below, unless the context clearly otherwise requires. Terms defined elsewhere in the Plan will have the same meaning throughout the Plan. 

2.1 “Adverse Action” means any Participant, during or within one year after the termination of Service, (a) being
employed or retained by or rendering services to any organization that, directly or indirectly, competes with or becomes competitive with the Company or any Subsidiary, or rendering such services that are prejudicial or in conflict with the
interests of the Company or any Subsidiary, or otherwise violating any non-compete or non-solicitation agreement with the Company or any Subsidiary, or (b) violating any confidentiality agreement or agreement governing the ownership or
assignment of intellectual property rights with the Company or any Subsidiary, or (c) engaging in any other conduct or act determined to be injurious, detrimental or prejudicial to any interest of the Company or any Subsidiary 

2.2 “Board” means the Board of Directors of the Company. 

2.3 “Cause” means “cause” as defined in any employment or other agreement or policy applicable to the
Participant’s Service, or if no such agreement or policy exists, will mean (a) dishonesty, fraud, misrepresentation, embezzlement or deliberate injury or attempted injury, in each case related to the Company or any Subsidiary, (b) any
unlawful or criminal activity of a serious nature, (c) any intentional and deliberate breach of a duty or duties that, individually or in the aggregate, are material in relation to the Participant’s overall duties, or (d) any material
breach by a Participant of any employment, service, independent contractor, consulting, confidentiality, invention agreement, non-compete or non-solicitation agreement entered into with the Company or any Subsidiary; provided, however, that if there
is a separate written agreement between the Participant and the Company or any Subsidiary, such agreement shall control in the event of an inconsistency with the definition in this Section 2.3. 

2.4 “Change in Control” means an event described in Section 10.1 of the Plan; provided, however, if the
grant or payment of an Option subject to Section 409A of the Code is triggered by a Change in Control, the term Change in Control will mean a change in the ownership or effective control of the Company, or in the ownership of a substantial
portion of the assets of the Company, as such term is defined in Section 409A of the Code. 

 2.5 “Code” means the Internal Revenue Code of 1986, as amended. Any reference to
a section of the Code in the Plan will be deemed to include a reference to any applicable rules and regulations thereunder and any successor or amended section of the Code. 

2.6 “Committee” means the group of individuals administering the Plan, as provided in Section 3 of the Plan. 

2.7 “Common Stock” means the common stock of the Company, $.001 par value, or the number and kind of shares of stock or other
securities into which such common stock may be changed in accordance with Section 4.3 of the Plan. 
 2.8 “Director”
means a member of the Board. 
 2.9 “Disability” means the disability of the Participant such as would entitle the
Participant to receive disability income benefits pursuant to the long-term disability plan of the Company or Subsidiary then covering the Participant or, if no such plan exists or is applicable to the Participant, the permanent and total disability
of the Participant within the meaning of Section 22(e)(3) of the Code; provided, however, if the grant or payment of an Option subject to Section 409A of the Code is triggered by an Eligible Recipient’s Disability, such
term will mean that the Eligible Recipient is disabled as defined by Section 409A of the Code. 
 2.10 “Eligible
Recipients” means all Employees, any Directors who are not Employees and all Third-Party Service Providers. 
 2.11
“Employee” means any person treated as an employee (including an officer of the Company or a Director who is also treated as an employee) in the records of the Company or any Subsidiary. The Committee will determine in good faith
and in the exercise of its sole discretion whether an individual has become or has ceased to be an Employee and the effective date of such individual’s employment or termination of employment, as the case may be. For purposes of an
individual’s rights, if any, under the terms of the Plan as of the time of the Committee’s determination of whether or not the individual is an Employee, all such determinations by the Committee will be final, binding and conclusive as to
such rights, if any, notwithstanding that the Company or any court of law or governmental agency subsequently makes a contrary determination as to such individual’s status as an Employee. 

2.12 “Exchange Act” means the Securities Exchange Act of 1934, as amended. Any reference to a section of the Exchange Act in
the Plan will be deemed to include a reference to any applicable rules and regulations thereunder. 
 2.13 “Fair Market
Value” means, with respect to the Common Stock, as of any date: (a) the closing sale price of the Common Stock as of such date at the end of the regular trading session, as reported on any national securities exchange on which the
Common Stock is then listed (or, if no shares were traded on such date, as of the next preceding date on which there was such a trade); or (b) if the Common Stock is not so listed, admitted to unlisted trading privileges, or reported on any
national securities exchange, the closing sale price as of such date at the end of the regular trading session, as reported by the OTC Bulletin Board or the Pink Sheets LLC, or other comparable service (or, if no shares were traded or quoted on such
date, as of the next preceding date on which there was such a trade or quote); or (c) if the Common Stock is not so 

  
 2 

 
listed or reported, such price as the Committee determines in good faith by the reasonable application of a reasonable valuation method, taking into account all available information material to
the value of the Common Stock, and consistent with the definition of “fair market value” under Section 409A of the Code. 

2.14 “Incentive Award” means an Option or Stock Award granted to an Eligible Recipient pursuant to the Plan. 

2.15 “Incentive Award Agreement” means a written or electronic agreement between the Company and a Participant setting forth
the terms, conditions and restrictions of the Incentive Award granted to the Participant. 
 2.16 “Incentive Stock Option”
means a right to purchase shares of Common Stock granted to an Eligible Recipient pursuant to Section 6 of the Plan that qualifies as an “incentive stock option” within the meaning of Section 422 of the Code. 

2.17 “Non-Statutory Stock Option” means a right to purchase shares of Common Stock granted to an Eligible Recipient pursuant
to Section 6 of the Plan that does not qualify as an Incentive Stock Option. 
 2.18 “Option” means an Incentive Stock
Option or a Non-Statutory Stock Option. 
 2.19 “Participant” means an Eligible Recipient who receives one or more
Incentive Awards under the Plan. 
 2.20 “Previously Acquired Shares” means shares of Common Stock that are already owned
by the Participant or, with respect to any Incentive Award, that are to be issued to the Participant upon the grant, exercise or vesting of such Incentive Award. 

2.21 “Retirement” means termination of Service pursuant to and in accordance with the regular (or, if approved by the Board
for purposes of the Plan, early) retirement/pension plan or practice of the Company or Subsidiary then covering the Participant, or as otherwise provided by the Committee in its sole discretion. 

2.22 “Securities Act” means the Securities Act of 1933, as amended. Any reference to a section of the Securities Act in the
Plan will be deemed to include a reference to any applicable rules and regulations thereunder. 
 2.23 “Service” means a
Participant’s employment or service with the Company or any Subsidiary, whether in the capacity of an Employee, a Director or a Third-Party Service Provider. A change in the capacity in which a Participant renders service to the Company or a
Subsidiary as an Employee, Director, or Third Party Service Provider, so long as there is no interruption or termination of the Participant’s service with the Company or a Subsidiary, shall not terminate such Participant’s Service, unless
the Committee otherwise determines in its sole discretion. A Participant’s Service will be deemed to have terminated either upon an actual termination of Service or upon the Subsidiary for which the Participant performs Service ceasing to be a
subsidiary of the Company (unless the Participant continues in the Service of the Company or another Subsidiary). Subject to the foregoing, the Committee, in its sole discretion, will have the authority to determine whether the Participant’s
Service has terminated and the effective date of and reason for such termination. 

  
 3 

 2.24 “Stock Award” means an Incentive Award of shares of Common Stock granted to
an Eligible Recipient pursuant to Section 7 of the Plan. 
 2.25 “Subsidiary” means any entity that is directly or
indirectly controlled by the Company or any entity in which the Company has a significant equity interest, as determined by the Committee; provided the Company has a “controlling interest” in the Subsidiary as defined in Treas. Reg. Sec.
1.409A-1(b)(5)(iii)(E)(1). 
 2.26 “Tax Date” means the date any withholding tax obligation arises under the Code or other
applicable tax statute for a Participant with respect to an Incentive Award. 
 2.27 “Third-Party Service Provider” means
any consultant, agent, advisor or independent contractor who renders services to the Company or a Subsidiary that: (a) are not in connection with the offer and sale of the Company’s securities in a capital raising transaction, and
(b) do not directly or indirectly promote or maintain a market for the Company’s securities. 
 3. Plan Administration. 

3.1 The Committee. The Plan will be administered by the Board or by a committee of the Board. Such a committee, if established, will
act by majority approval of the members (but may also take action by the written consent of a majority of the members of such committee), and a majority of the members of such a committee will constitute a quorum. As used in the Plan,
“Committee” will refer to the Board or to such a committee, if established. To the extent consistent with the applicable corporate law of the Company’s jurisdiction of incorporation, the Committee may delegate to any officers
of the Company the duties, power and authority of the Committee under the Plan pursuant to such conditions or limitations as the Committee may establish. The Committee may exercise its duties, power and authority under the Plan in its sole and
absolute discretion without the consent of any Participant or other party, unless the Plan specifically provides otherwise. The Committee will not be obligated to treat Participants or Eligible Recipients uniformly, and determinations made under
this Plan may be made by the Committee selectively among Participants or Eligible Recipients, whether or not such Participants and Eligible Recipients are similarly situated. Each determination, interpretation or other action made or taken by the
Committee pursuant to the provisions of the Plan, including the determination of Fair Market Value, will be final, conclusive and binding for all purposes and on all persons, including the Company, the stockholders of the Company, the Participants
and their respective heirs and other successors-in-interest. No member of the Board or the Committee will be liable for any action or determination made in good faith with respect to the Plan or any Incentive Award granted under the Plan, including
any determination regarding Fair Market Value of the Common Stock that is made in good faith. 
 3.2 Authority of the Committee. 

(a) In accordance with and subject to the provisions of the Plan, the Committee will have the authority to determine all
provisions of Incentive Awards as the Committee may deem necessary or desirable and as consistent with the terms of the Plan, 

  
 4 

 
including the following: (i) the Eligible Recipients to be selected as Participants; (ii) the nature and extent of the Incentive Awards to be made to each Participant (including the
number of shares of Common Stock to be subject to each Incentive Award, any exercise price, the manner in which Incentive Awards will vest or become exercisable and whether Incentive Awards will be granted in tandem with other Incentive Awards) and
the form of Incentive Award Agreement, if any, evidencing such Incentive Award; (iii) the time or times when Incentive Awards will be granted; (iv) the duration of each Incentive Award; and (v) the restrictions and other conditions to
which the payment or vesting of Incentive Awards may be subject. In addition, the Committee will have the authority under the Plan in its sole discretion to pay the economic value of any Incentive Award in the form of cash, Common Stock or any
combination of both. 
 (b) The Committee will have the authority under the Plan to amend or modify the terms of any
outstanding Incentive Award in any manner, including the authority to modify the number of shares or other terms and conditions of an Incentive Award, extend the term of an Incentive Award, accelerate the exercisability or vesting or otherwise
terminate any restrictions relating to an Incentive Award, accept the surrender of any outstanding Incentive Award or, to the extent not previously exercised or vested, authorize the grant of new Incentive Awards in substitution for surrendered
Incentive Awards; provided, however that the amended or modified terms are permitted by the Plan as then in effect and that (i) such amendment or modification is permissible pursuant to Section 13 of the Plan, (ii) the
amended or modified terms are permitted by the Plan as then in effect and (iii) any Participant adversely affected by such amended or modified terms has consented to such amendment or modification. No amendment or modification to an Incentive
Award, however, whether pursuant to this Section 3.2 or any other provisions of the Plan, will be deemed to be a re-grant of such Incentive Award for purposes of this Plan. 

(c) In the event of (i) any reorganization, merger, consolidation, recapitalization, liquidation, reclassification, stock
dividend, stock split, combination of shares, rights offering, extraordinary dividend or divestiture (including a spin-off) or any other similar change in corporate structure or shares; (ii) any purchase,
acquisition, sale, disposition or write-down of a significant amount of assets or a significant business; (iii) any change in accounting principles or practices, tax laws or other such laws or provisions affecting reported results;
(iv) any uninsured catastrophic losses or extraordinary non-recurring items as described in Accounting Standards Codification 225-20; or (v) any other similar change, in each case with respect to the Company or any other entity whose
performance is relevant to the grant or vesting of an Incentive Award, the Committee (or, if the Company is not the surviving corporation in any such transaction, the board of directors of the surviving corporation) may, without the consent of any
affected Participant, amend or modify the vesting criteria (including any performance objectives) of any outstanding Incentive Award that is based in whole or in part on the financial performance of the Company (or any Subsidiary or division or
other sub-unit thereof) or such other entity so as equitably to reflect such event, with the desired result that the criteria for evaluating such financial performance of the Company or such other entity will be substantially the same (in the sole
discretion of the Committee or the board of directors of the surviving corporation) following such event as prior to such event; provided, however, that the amended or modified terms are permitted by the Plan as then in effect,
including the limitations in Section 3.2(a) and 3.2(b). 

  
 5 

 (d) In addition to the authority of the Committee under Section 3.2(b) of
the Plan and notwithstanding any other provision of the Plan, the Committee may, in its sole discretion, amend the terms of the Plan or Incentive Awards with respect to Participants resident outside of the United States or employed by a non-U.S.
Subsidiary in order to comply with local legal requirements, to otherwise protect the Company’s or Subsidiary’s interests, or to meet objectives of the Plan, and may, where appropriate, establish one or more sub-plans (including the
adoption of any required rules and regulations) for the purposes of qualifying for preferred tax treatment under foreign tax laws. The Committee will have no authority, however, to take action pursuant to this Section 3.2(d): (i) to
reserve shares of Common Stock or grant Incentive Awards in excess of the limitations provided in Section 4.1 of the Plan; (ii) to grant Options having an exercise price in violation of Section 6.2 of the Plan; or (ii) for which
stockholder approval would then be required pursuant to Section 422 of the Code. 
 4. Shares Available for Issuance. 

4.1 Maximum Number of Shares Available. Subject to adjustment as provided in Section 4.3 of the Plan, the maximum number of shares
of Common Stock that will be available for issuance under the Plan will be (a) 1,152,980 shares of Common Stock; plus (b) the number of shares of Common Stock subject to options that are outstanding as of the effective date of the Plan,
issued under the Company’s 2003 Stock Incentive Plan, which subsequently expire or terminate without such shares being issued. 
 4.2
Accounting for Incentive Awards. The grant of any Incentive Award under the Plan will reduce the maximum number of available shares of Common Stock remaining available for issuance under the Plan by the number of shares subject to such
Incentive Award. All shares so subtracted from the amount available under the Plan with respect to an Incentive Award that lapses, expires, is forfeited (including issued shares forfeited under a Stock Award) or for any reason is terminated
unexercised or unvested will automatically again become available for issuance under the Plan; provided, however, that (a) any shares which would have been issued upon any exercise of an Option but for the fact that the exercise
price was paid by a “net exercise” pursuant to Section 6.4(b) of the Plan or the tender or attestation as to ownership of Previously Acquired Shares pursuant to Section 6.4(a) of the Plan will not again become available for
issuance under the Plan; and (b) shares withheld by the Company to satisfy any tax withholding obligation will not again become available for issuance under the Plan. 

4.3 Adjustments to Incentive Awards. Except to the extent that Section 10 applies, in the event of any change in the corporate
structure or shares of the Company, whether through reorganization, merger, consolidation, recapitalization, liquidation, reclassification, stock dividend, stock split, combination of shares, rights offering, divestiture or extraordinary dividend
(including a spin-off) or any other similar change in the corporate structure or shares of the Company, the Committee (or, if the Company is not the surviving corporation in any such transaction, the board of directors of the surviving corporation)
will make appropriate adjustment (which determination will be conclusive) as to the number and kind of securities or other 

  
 6 

 
property (including cash) available for issuance or payment under the Plan and, in order to prevent dilution or enlargement of the rights of Participants, (a) the number and kind of
securities or other property (including cash) subject to outstanding Incentive Awards, and (b) the exercise price of outstanding Options. 
 5.
Participation. 
 Participants in the Plan will be those Eligible Recipients who, in the judgment of the Committee, have contributed,
are contributing or are expected to contribute to the achievement of economic objectives of the Company or its Subsidiaries. Eligible Recipients may be granted from time to time one or more Incentive Awards, singly or in combination or in tandem
with other Incentive Awards, as may be determined by the Committee in its sole discretion. Incentive Awards will be deemed to be granted as of the date specified in the grant resolution of the Committee, which date will be the date of any related
Incentive Award Agreement with the Participant. 
 6. Options. 

6.1 Grant. An Eligible Recipient may be granted one or more Options under the Plan; provided, however, that only an
Eligible Recipient who is an Employee may be granted an Incentive Stock Option. Options granted under the Plan will be subject to such terms and conditions, consistent with the other provisions of the Plan, as may be determined by the Committee in
its sole discretion. The Committee may designate whether an Option is to be considered an Incentive Stock Option or a Non-Statutory Stock Option. To the extent that any Incentive Stock Option (or portion thereof) granted under the Plan ceases for
any reason to qualify as an “incentive stock option” for purposes of Section 422 of the Code, such Incentive Stock Option (or portion thereof) will continue to be outstanding for purposes of the Plan but will thereafter be deemed to
be a Non-Statutory Stock Option. 
 6.2 Exercise Price. The per share price to be paid by a Participant upon exercise of an Option
will be determined by the Committee in its sole discretion at the time of the Option grant; provided, however, that such price will not be less than 100% of the Fair Market Value of one share of Common Stock on the date of grant (or
110% of the Fair Market Value if, at the time the Incentive Stock Option is granted, the Participant owns, directly or indirectly, more than 10% of the total combined voting power of all classes of stock of the Company or any parent or subsidiary
corporation of the Company). 
 6.3 Exercisability and Duration. An Option will become exercisable at such times and in such
installments and upon such terms and conditions as may be determined by the Committee in its sole discretion at the time of grant (including (a) the achievement of one or more specified performance objectives; or that (b) the Participant
remain in the continuous Service of the Company or a Subsidiary for a certain period); provided, however, that no Incentive Stock Option may be exercisable after ten (10) years from its date of grant (five (5) years from its
date of grant if, at the time the Incentive Stock Option is granted, the Participant owns, directly or indirectly, more than 10% of the total combined voting power of all classes of stock of the Company or any parent or subsidiary corporation of the
Company). Notwithstanding the foregoing, if the exercise of an Option that is exercisable in accordance with 

  
 7 

 
its terms is prevented by the provisions of Section 12.1 below, the Option will remain exercisable until thirty (30) days after the date such exercise first would no longer be prevented
by such provisions, but in any event no later than the expiration date of such Option. 
 6.4 Payment of Exercise Price. 

(a) The total purchase price of the shares to be purchased upon exercise of an Option must be paid entirely in cash or cash
equivalent (including check, bank draft or money order); provided, however, that the Committee, in its sole discretion and upon terms and conditions established by the Committee, may allow such payments to be made, in whole or in part,
by: (i) tender, or attestation as to ownership, of Previously Acquired Shares that are acceptable to the Committee; (ii) by a “net exercise” of the Option (as further described in paragraph (b) below); (iii) a
promissory note (on terms acceptable to the Committee in its sole discretion); (v) such other consideration as may be approved by the Committee from time to time; or (v) a combination of such methods. 

(b) In the case of a “net exercise” of an Option, the Company will not require a payment of the exercise price of the
Option from the Participant but will reduce the number of shares of Common Stock issued upon the exercise by the largest number of whole shares that has a Fair Market Value on the exercise date that does not exceed the aggregate exercise price for
the shares exercised under this method. Shares of Common Stock will no longer be outstanding under an Option (and will therefore not thereafter be exercisable) following the exercise of such Option to the extent of (i) shares used to pay the
exercise price of an Option under the “net exercise,” (ii) shares actually delivered to the Participant as a result of such exercise and (iii) any shares withheld for purposes of tax withholding pursuant to Section 9.1 of
the Plan. 
 (c) Previously Acquired Shares tendered or covered by an attestation as payment of an Option exercise price will
be valued at their Fair Market Value on the exercise date. 
 6.5 Manner of Exercise. An Option may be exercised by a Participant in
whole or in part from time to time, subject to the conditions contained in the Plan and in the Incentive Award Agreement evidencing such Option, by delivery in person, by facsimile or electronic transmission or through the mail of written notice of
exercise to the Company (Attention: Chief Financial Officer) at its principal executive office in San Diego, California and by paying in full the total exercise price for the shares of Common Stock to be purchased in accordance with Section 6.4
of the Plan. 
 6.6 Aggregate Limitation of Stock Subject to Incentive Stock Options. To the extent that the aggregate Fair Market
Value (determined as of the date an Incentive Stock Option is granted) of the shares of Common Stock with respect to which incentive stock options (within the meaning of Section 422 of the Code) are exercisable for the first time by a
Participant during any calendar year (under the Plan and any other incentive stock option plans of the Company or any subsidiary or parent corporation of the Company (within the meaning of the Code)) exceeds $100,000 (or such other amount as may be
prescribed by the Code from time to time), such excess Options will be treated as Non-Statutory Stock Options. The determination will be made 

  
 8 

 
by taking incentive stock options into account in the order in which they were granted. If such excess only applies to a portion of an Incentive Stock Option, the Committee, in its discretion,
will designate which shares will be treated as shares to be acquired upon exercise of an Incentive Stock Option. 
 6.7 Early
Exercise. The Committee may, in its sole discretion, include in an Incentive Award Agreement for an Option, a provision pursuant to which the Participant may at any time before termination of the Participant’s Service and prior to the full
vesting of the Option elect to exercise the Option as to any part or all of the shares of Common Stock subject to the Option. Any unvested shares of Common Stock so purchased by the Participant will continue to vest in accordance with the vesting
terms of the Option and may be subject to a repurchase option in favor of the Company on terms established by the Committee in its sole discretion or to any other restriction(s) the Committee determines to be appropriate. 

7. Stock Awards 
 7.1 Grant. An
Eligible Recipient may be granted one or more Stock Awards under the Plan. The Committee may (but need not) require the payment by the Participant of a specified purchase price in connection with a Stock Award. 

7.2 Vesting Requirements. Stock Awards will be subject to such terms and conditions, consistent with the other provisions of the Plan,
as may be determined by the Committee in its sole discretion, and which will be set forth in an Incentive Award Agreement evidencing such Stock Award. The Committee may (but need not) impose such restrictions or conditions, not inconsistent with the
provisions of the Plan, to the vesting of such Stock Awards as it deems appropriate, including: (a) the achievement of one or more specified performance objectives; or (b) that the Participant remain in the continuous Service of the
Company or a Subsidiary for a certain period. If any vesting requirements of a Stock Award are not satisfied, the Stock Award will be forfeited and the shares of Common Stock subject to the Stock Award will be returned to the Company. If the
Participant paid any purchase price with respect to such forfeited shares, unless otherwise provided by the Committee in the Incentive Award Agreement evidencing the Stock Award, the Company will refund to the Participant the lesser of (x) such
purchase price and (y) the Fair Market Value of such shares on the date of forfeiture. Notwithstanding the foregoing, Stock Awards may in the sole discretion of the Committee be granted without any restrictions or conditions. 

7.3 Rights as a Stockholder; Transferability. Except as provided in Sections 7.4, 7.5 and 11.3 of the Plan, notwithstanding any
restrictions to which any Stock Award granted under this Section 7 may be subject, a Participant will have all voting, dividend, liquidation and other rights with respect to shares of Common Stock subject to such Stock Award upon the
Participant becoming the holder of record of such shares as if such Participant were a holder of record of shares of unrestricted Common Stock. 

7.4 Restrictions on Shares Subject to Certain Stock Awards. In addition to any transfer restrictions set forth in Sections 11 or 12
below, shares granted under any Stock Award that are subject to vesting restrictions related to the achievement of any performance objectives or the Participant remaining in the continuous Service of the Company or a Subsidiary for a

  
 9 

 
certain period, and any interest of the Participant in such shares, may not be sold, assigned, transferred, pledged or otherwise disposed of by the Participant, directly or indirectly,
voluntarily or involuntarily, by operation of law or otherwise, until all such restrictions are removed or have expired, unless otherwise allowed by the Committee in its sole discretion. To enforce the restrictions referred to in this
Section 7, the Committee may place a legend on the stock certificates referring to such restrictions and may require the Participant, until the restrictions have lapsed, to keep the stock certificates, together with duly endorsed stock powers,
in the custody of the Company or its transfer agent, or to maintain evidence of stock ownership, together with duly endorsed stock powers, in a certificateless book-entry stock account with the Company’s transfer agent. 

7.5 Dividends, Etc. Unless the Committee determines otherwise in its sole discretion (either in the Incentive Award Agreement
evidencing the Stock Award at the time of grant or at any time after the grant of the Stock Award), any dividends or distributions paid with respect to shares of Common Stock subject to any unvested portion of a Stock Award will be subject to the
same restrictions as the shares to which such dividends, distributions or such other payments relate. The Committee will determine in its sole discretion whether any interest will be paid on such dividends or distributions. 

7.6 Section 83(b) Election for Stock Award. If a Participant makes an election pursuant to Section 83(b) of the Code with
respect to a Stock Award, the Participant must file, within 30 days following the date of grant, a copy of such election with the Company and with the Internal Revenue Service, in accordance with the regulations under Section 83 of the Code.
The Committee may provide in the Incentive Award Agreement evidencing the Stock Award that the Stock Award is conditioned upon the Participant’s making or refraining from making an election with respect to the Stock Award under
Section 83(b) of the Code. 
 8. Termination of Service. 

The following provisions will apply upon termination of a Participant’s Service, except to the extent that the Committee provides
otherwise in an Incentive Award Agreement at the time of grant or determines otherwise pursuant to Section 8.3 or 8.4 of this Plan (and such provisions and determinations need not be uniform among all Incentive Awards granted pursuant to this
Plan). Notwithstanding anything to the contrary in the Plan or any Incentive Award Agreement, with respect to any Incentive Award that constitutes the deferral of compensation subject to Code Section 409A, if any amount is payable under such
Incentive Award as a result of a Participant’s termination of Service, a termination of Service will be deemed to have occurred only at such time as the Participant has experienced a “separation from service” as such term is defined
for purposes of Code Section 409A. 
 8.1 Termination Due to Death, Disability or Retirement. Subject to Section 8.4 of
this Plan, if a Participant’s Service is terminated by reason of death, Disability or Retirement: 
 (a) all outstanding
Options held by the Participant as of the effective date of such termination will, to the extent exercisable as of the date of such termination, remain exercisable in full for a period of six (6) months after the date of such termination (but
in no event after the expiration date of any such Option), and Options not exercisable as of the date of such termination will be forfeited and terminate; and 

  
 10 

 (b) all Stock Awards held by the Participant as of the effective date of such
termination that have not vested as of the date of such termination will be terminated and forfeited. 
 8.2 Termination for Reasons
Other than Death, Disability or Retirement. Subject to Section 8.4 of this Plan, if a Participant’s Service is terminated for any reason other than death, Disability or Retirement: 

(a) all outstanding Options held by the Participant as of the effective date of such termination will, to the extent
exercisable as of the date of such termination, remain exercisable in full for a period of ninety (90) days after the date of such termination (but in no event after the expiration date of any such Option), and Options not exercisable as of the
date of such termination will be forfeited and terminate; and 
 (b) all Stock Awards held by the Participant as of the
effective date of such termination that have not vested as of the date of such termination will be terminated and forfeited. 
 8.3
Modification of Rights Upon Termination. Notwithstanding the other provisions of this Section 8, upon a Participant’s termination of Service, the Committee may, in its sole discretion (which may be exercised at any time on or after
the date of grant, including following such termination) cause Options (or any part thereof) then held by such Participant to terminate, to vest and become exercisable, or to continue to vest and become exercisable or to remain exercisable following
such termination of Service, and Stock Awards then held by such Participant to terminate, vest or become free of restrictions and conditions to payment, as the case may be, following such termination of Service, in each case in the manner determined
by the Committee; provided, however, that (a) no Option may remain exercisable beyond its expiration date and (b) any such action adversely affecting any outstanding Incentive Award may not be effective without the consent of
the affected Participant (subject to the right of the Committee to take whatever action it deems appropriate under Sections 3.2(c), 4.3 and 10 of the Plan). 

8.4 Additional Forfeiture Events. Notwithstanding anything in this Plan, if a Participant is determined by the Committee, acting in its
sole discretion, to have taken any action that would constitute Cause or an Adverse Action, irrespective of whether such action or the Committee’s determination occurs before or after termination of such Participant’s Service and
irrespective of whether or not the Participant was terminated for Cause: (a) all rights of the Participant under this Plan and any Incentive Award Agreements evidencing an Incentive Award then held by the Participant will terminate and be
forfeited without notice of any kind, and (b) the Committee in its sole discretion may require the Participant to surrender and return to the Company all or any shares of Common Stock received, or to disgorge all or any profits or any other
economic value (however defined by the Committee) made or realized by the Participant, during the period beginning one year prior to the Participant’s termination of Service in connection with any Incentive Awards or any shares of Common Stock
issued upon the exercise 

  
 11 

 
or vesting of any Incentive Awards. The Company may defer the exercise of any Option for a period of up to six (6) months after receipt of the Participant’s written notice of exercise
or the issuance of share certificates upon the vesting of any Stock Award for a period of up to six (6) months after the date of such vesting in order for the Committee to make any determination as to the existence of Cause or an Adverse
Action. Unless otherwise provided by the Committee in an applicable Incentive Award Agreement, this Section 8.4 will not apply to any Participant following a Change in Control. 

9. Payment of Withholding Taxes. 
 9.1
General Rules. The Company is entitled to (a) withhold and deduct from future wages of the Participant (or from other amounts that may be due and owing to the Participant from the Company or a Subsidiary), or make other arrangements
for the collection of, an amount the Company reasonably determines to be the minimum statutory amount necessary to satisfy any and all federal, foreign, state and local withholding and employment-related tax requirements attributable to an Incentive
Award, including the grant, exercise or vesting of, or payment of dividends with respect to, an Incentive Award or a disqualifying disposition of stock received upon exercise of an Incentive Stock Option; (b) withhold cash paid or payable or
shares of Common Stock from the shares issued or otherwise issuable to the Participant in connection with an Incentive Award; or (c) require the Participant promptly to remit the amount of such withholding to the Company before taking any
action, including issuing any shares of Common Stock, with respect to an Incentive Award. Shares of Common Stock issued or otherwise issuable to the Participant in connection with an Incentive Award that gives rise to the tax withholding obligation
that are withheld for purposes of satisfying the Participant’s withholding or employment-related tax obligation will be valued at their Fair Market Value on the Tax Date. 

9.2 Special Rules. The Committee may, in its sole discretion and upon terms and conditions established by the Committee, permit or
require a Participant to satisfy, in whole or in part, any withholding or employment-related tax obligation described in Section 9.1 of the Plan by electing to tender, or by attestation as to ownership of, Previously Acquired Shares, by
delivery of a promissory note (on terms acceptable to the Committee in its sole discretion), or by a combination of such methods. For purposes of satisfying a Participant’s withholding or employment-related tax obligation, Previously Acquired
Shares tendered or covered by an attestation will be valued at their Fair Market Value on the Tax Date. 
 10. Change in Control. 

10.1 Definition. For purposes of this Section 10, a “Change in Control” of the Company means the occurrence of any of
the following: 
 (a) the sale, lease, exchange or other transfer, directly or indirectly, of substantially all of the assets
of the Company (in one transaction or in a series of related transactions) to a person or entity that is not controlled by the Company; 

(b) the approval by the stockholders of the Company of any plan or proposal for the liquidation or dissolution of the Company;

  
 12 

 (c) any person becomes after the effective date of the Plan the “beneficial
owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of (i) 20% or more, but not 50% or more, of the combined voting power of the Company’s outstanding securities ordinarily having the right to vote at
elections of directors, unless the transaction resulting in such ownership has been approved in advance by the Continuity Directors (as defined in Section 10.2 below), or (ii) 50% or more of the combined voting power of the Company’s
outstanding securities ordinarily having the right to vote at elections of directors (regardless of any approval by the Continuity Directors); provided that a traditional institutional or venture capital financing transaction shall be excluded from
this definition; 
 (d) a merger or consolidation to which the Company is a party if the stockholders of the Company
immediately prior to the effective date of such merger or consolidation have “beneficial ownership” (as defined in Rule 13d-3 under the Exchange Act), immediately following the effective date of such merger or consolidation, of
securities of the surviving corporation representing (i) more than 50%, but less than 80%, of the combined voting power of the surviving corporation’s then outstanding securities ordinarily having the right to vote at elections of
directors, unless such merger or consolidation has been approved in advance by the Continuity Directors, or (ii) 50% or less of the combined voting power of the surviving corporation’s then outstanding securities ordinarily having the
right to vote at elections of directors (regardless of any approval by the Continuity Directors); 
 (e) after the date the
Company’s securities are first sold in a registered public offering, the Continuity Directors cease for any reason to constitute at least a majority of the Board; or 

(f) any other change in control of the Company of a nature that would be required to be reported pursuant to Section 13 or
15(d) of the Exchange Act, whether or not the Company is then subject to such reporting requirement. 
 10.2 Continuity Directors.
For purposes of this Section 10, “Continuity Directors” of the Company will mean any individuals who are members of the Board on the effective date of the Plan and any individual who subsequently becomes a member of the Board whose
election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of the Continuity Directors (either by specific vote or by approval of the Company’s proxy statement in which such individual
is named as a nominee for director without objection to such nomination). 
 10.3 Acceleration of Vesting. Without limiting the
authority of the Committee under Sections 3.2 and 4.3 of the Plan and unless otherwise provided by the Committee in its sole discretion either in the agreement evidencing an Incentive Award at the time of grant or at any time after the grant of an
Incentive Award, if a Change in Control of the Company occurs whereby the acquiring entity or successor to the Company does not assume the Incentive Award or replace it with a substantially equivalent Incentive Award: (a) all outstanding
Options will vest and will become immediately exercisable in full and will remain exercisable for the remainder of their terms, regardless of whether the Participant to whom such Options have been 

  
 13 

 
granted remains in the employ or service of the Company or any Subsidiary or any acquiring entity or successor to the Company; and (b) all outstanding Stock Awards will become immediately
fully vested and non-forfeitable. 
 10.4 Cash Payment for Options. If a Change in Control of the Company occurs, then the Committee,
if approved by the Committee in its sole discretion either in an agreement evidencing an Option at the time of grant or at any time after the grant of an Option, and without the consent of any Participant affected thereby, may determine that: 

(a) some or all Participants holding outstanding Options will receive, with respect to some or all of the shares of Common
Stock subject to such Options, as of the effective date of any such Change in Control of the Company, cash in an amount equal to the excess of the Fair Market Value of such shares immediately prior to the effective date of such Change in Control of
the Company over the exercise price per share of such Options; and 
 (b) any Options as to which, as of the effective date
of any such Change in Control, the Fair Market Value of the shares of Common Stock subject to such Options is less than or equal to the exercise price per share of such Options, shall terminate as of the effective date of any such Change in Control.

 If the Committee makes a determination as set forth in subparagraph (a) of this Section 10.4, then as of the effective date of
any such Change in Control of the Company such Options will terminate as to such shares and the Participants formerly holding such Options will only have the right to receive such cash payment(s). If the Committee makes a determination as set forth
in subparagraph (b) of this Section 10.4, then as of the effective date of any such Change in Control of the Company such Options will terminate, become void and expire as to all unexercised shares of Common Stock subject to such Options
on such date, and the Participants formerly holding such Options will have no further rights with respect to such Options. 
 10.5
Limitation on Change in Control Payments. Notwithstanding anything in Sections 10.3 or 10.4 of the Plan to the contrary, if, with respect to a Participant, the acceleration of the vesting of an Incentive Award as provided in
Section 10.3 or the payment of cash in exchange for all or part of an Incentive Award as provided in Section 10.4 (which acceleration or payment could be deemed a “payment” within the meaning of Section 280G(b)(2) of the
Code), together with any other “payments” that such Participant has the right to receive from the Company or any corporation that is a member of an “affiliated group” (as defined in Section 1504(a) of the Code without regard
to Section 1504(b) of the Code) of which the Company is a member, would constitute a “parachute payment” (as defined in Section 280G(b)(2) of the Code), then the “payments” to such Participant pursuant to Sections 10.3
or 10.4 of the Plan will be reduced to the largest amount as will result in no portion of such “payments” being subject to the excise tax imposed by Section 4999 of the Code; provided, that such reduction shall be made only if the
aggregate amount of the payments after such reduction exceeds the difference between (A) the amount of such payments absent such reduction minus (B) the aggregate amount of the excise tax imposed under Section 4999 of the Code
attributable to any such excess parachute payments. Notwithstanding the foregoing sentence, if a Participant is subject to a separate agreement with the Company or a Subsidiary that expressly addresses the

  
 14 

 
potential application of Sections 280G or 4999 of the Code (including, without limitation, that “payments” under such agreement or otherwise will be reduced, that the Participant will
have the discretion to determine which “payments” will be reduced, that such “payments” will not be reduced or that such “payments” will be “grossed up” for tax purposes), then this Section 10.5 will not
apply, and any “payments” to a Participant pursuant to Sections 10.3 or 10.4 of the Plan will be treated as “payments” arising under such separate agreement. 

10.6 Shareholders’ Representative. For purposes of this section, “Shareholders’ Representative” means one or
more persons appointed by the Company’s shareholders to represent the interests of the shareholders in connection with a Change in Control, including with respect to matters such as: (a) determining any purchase price adjustment after the
closing of the Change in Control; (b) taking any actions on behalf of the shareholders between the signing and closing of any agreement providing for such Change in Control (an “Acquisition Agreement”), including determining
whether any closing conditions have been satisfied; (c) determining the amount to be paid to the shareholders after the closing of the Change in Control as the result of an earnout or other post-closing contingent payment obligation;
(d) resolving any disputes relating to the payment to the shareholders of any amounts pursuant to the Acquisition Agreement, including any amounts placed in escrow in connection with the Change in Control, (e) receiving notices on behalf
of the shareholders; (f) approving amendments to the Acquisition Agreement or (g) enforcing and protecting the rights and interests of the shareholders arising out of or under or in any manner relating to the Acquisition Agreement and any
related agreements or documents, including entering into any settlement or instituting or defending any claim or litigation against the shareholders with respect to the matters contemplated by the Acquisition Agreement and any related agreements or
documents and the transactions contemplated thereby. By receiving the grant of an Incentive Award under the Plan, each Participant agrees to appoint any Shareholders’ Representative as such Participant’s representative and attorney-in-fact
on the same terms and to the same extent as the Shareholders’ Representative is appointed by the Company’s shareholders in connection with a Change in Control. 

11. Rights of Eligible Recipients and Participants; Transferability. 

11.1 Service. Nothing in the Plan or in any Incentive Award Agreement confers upon any Eligible Recipient or Participant any right to
continue in the Service of the Company or any Subsidiary or interferes with or limits in any way the right of the Company or any Subsidiary to terminate: (a) the Service of any Employee at any time, with or without notice and with or without
cause; (b) the Service of a Third-Party Service Provider pursuant to the terms of such Third-Party Service Provider’s agreement with the Company or any Subsidiary; or (c) the Service of a Director pursuant to the Bylaws of the Company
or any Subsidiary, and any applicable provisions of the corporate law of the state in which the Company or the Subsidiary is incorporated, as the case may be. 

11.2 Rights as a Stockholder; Dividends. As a holder of an Option, a Participant will have no rights as a stockholder unless and until
such Option is exercised for, or paid in the form of, shares of Common Stock and the Participant becomes the holder of record of such shares. Except as otherwise provided in the Plan or otherwise provided by the Committee, no adjustment will be made
in the number of shares of Common Stock issuable under an Option as a result of 

  
 15 

 
cash dividends or distributions paid to holders of Common Stock prior to the payment of, or issuance of shares of Common Stock under, such Option. In its sole discretion, the Committee may
provide in an Incentive Award Agreement for an Option that the Participant will be entitled to receive dividend equivalents, in the form of a cash credit to an account for the benefit of the Participant, for any such dividends and distributions.

 11.3 Restrictions on Transfer. Except pursuant to testamentary will or the laws of descent and distribution or as otherwise
expressly permitted by the Plan, unless approved by the Committee in its sole discretion, no right or interest of any Participant in an Incentive Award prior to the exercise or vesting of such Incentive Award will be assignable or transferable, or
subjected to any lien, during the lifetime of the Participant, either voluntarily or involuntarily, directly or indirectly, by operation of law or otherwise. A Participant will, however, be entitled to designate a beneficiary to receive an Incentive
Award upon such Participant’s death, and in the event of a Participant’s death, payment of any amounts due under the Plan will be made to, and exercise of any Options (to the extent permitted pursuant to Section 8 of the Plan) may be
made by, the Participant’s legal representatives, heirs and legatees. 
 11.4 Non-Exclusivity of the Plan. Nothing contained in
the Plan is intended to modify or rescind any previously approved compensation plans or programs of the Company or create any limitations on the power or authority of the Board to adopt such additional or other compensation arrangements as the Board
may deem necessary or desirable. 
 12. Securities Law and Other Restrictions. 

12.1 Securities Law Restrictions. Notwithstanding any other provision of the Plan or any Incentive Award Agreements, the Company will
not be required to issue any shares of Common Stock under this Plan, and a Participant may not sell, assign, transfer or otherwise dispose of shares of Common Stock issued pursuant to Incentive Awards granted under the Plan: (a) unless there is
in effect with respect to such shares a registration statement under the Securities Act and any applicable securities laws of a state or foreign jurisdiction or an exemption from such registration under the Securities Act and applicable state or
foreign securities laws; (b) unless there has been obtained any other consent, approval or permit from any other U.S. or foreign regulatory body which the Committee, in its sole discretion, deems necessary or advisable; and (c) if at any
time at which the Company is not required to file reports with the Securities and Exchange Commission (the “SEC”) pursuant to Sections 12(b), 12(g) or 15(d) of the Exchange Act or the rules and regulations thereunder, such issuance,
sale or transfer would cause the number of stockholders of the Company to increase such that the Company would be within ten (10) stockholders of the number that would cause the Company to be required to file reports with the SEC pursuant to
Sections 12(g) or 15(d) of the Exchange Act and the rules and regulations thereunder. The Company may condition such issuance, sale or transfer upon the receipt of any representations or agreements from the parties involved, and the placement of any
legends on certificates representing shares of Common Stock, as may be deemed necessary or advisable by the Company in order to comply with such securities law or other restrictions. 

12.2 “Market Stand-Off” Restrictions. Except as otherwise approved by the Committee, the shares of Common Stock acquired in
connection with the grant, exercise or 

  
 16 

 
vesting of an Incentive Award will be restricted following the effective date of a registration of the Company’s securities under the Securities Act, and the holder thereof will not, without
the prior written consent of the Company or the representative(s) of any underwriters, (a) sell, pledge, offer to sell, contract to sell (including any short sale), sell any option or contract to purchase, purchase any option or contract to
sell, grant any option, right or warrant to purchase or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock (whether such shares or
any such securities are then owned by the Participant who exercised such Option or are thereafter acquired); or (b) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of
ownership of the Common Stock, whether any such transaction described in clause (a) or (b) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise. The provisions of this Section 12.2 will not
apply (w) unless the executive officers and directors of the Company have agreed to be bound by substantially the same terms and conditions; (x) to public offerings other than the Company’s initial public offering and any public
offering made within two (2) years thereafter; (y) to registrations relating solely to securities in connection with employee benefit plans or in connection with mergers, consolidations, reorganizations, or other transactions pursuant Rule
145 under the Securities Act; or (z) to transfers to donees who agree to be similarly bound. The time period for such market stand-off will be determined by the Company and the representative(s) of any underwriters but will in no event exceed
one hundred eighty (180) days from the date of the final prospectus with respect to the applicable public offering. The Company may impose stop-transfer instructions during such stand-off period with respect to the shares of Common Stock
subject to this restriction if necessary to enforce such restrictions. The underwriters in connection with any such public offering are intended third party beneficiaries of this Section 12.2 and will have the right, power and authority to
enforce the provisions hereof as though they were a party hereto. 
 13. Compliance with Section 409A. 

It is intended that the Plan and all Incentive Awards hereunder be administered in a manner that will comply with the requirements of
Section 409A of the Code, or the requirements of an exception to Section 409A of the Code. The Committee is authorized to adopt rules or regulations deemed necessary or appropriate to qualify for an exception from or to comply with the
requirements of Section 409A of the Code (including any transition or grandfather rules relating thereto). Notwithstanding anything in this Section 13 to the contrary, with respect to any Incentive Award subject to Section 409A of the
Code: (a) no amendment to or payment under such Incentive Award will be made unless and only to the extent permitted under Section 409A of the Code; and (b) if any amount is payable with respect to any such Incentive Award as a result
of a Participant’s “separation from service” at such time as the Participant is a “specified employee” within the meaning of Code Section 409A, then no payment will be made, except as permitted by Code
Section 409A, prior to the first business day after the earlier of (i) the date that is six months after the Participant’s separation from service, or (ii) the Participant’s death. 

14. Plan Amendment, Modification and Termination. 

The Board may suspend or terminate the Plan or any portion thereof at any time. In addition to the authority of the Committee to amend the
Plan under Section 3.2(d) of the Plan, 

  
 17 

 
the Board may amend the Plan from time to time in such respects as the Board may deem advisable in order that Incentive Awards under the Plan will conform to any change in applicable laws or
regulations or in any other respect the Board may deem to be in the best interests of the Company; provided, however, that no amendments to the Plan will be effective without approval of the stockholders of the Company if stockholder
approval of the amendment is then required pursuant to Section 422 of the Code. No termination, suspension or amendment of the Plan may adversely affect any outstanding Incentive Award without the consent of the affected Participant;
provided, however, that this sentence will not impair the right of the Committee to take whatever action it deems appropriate under Sections 3.2, 4.3, 8.4 and 9 of the Plan. 

15. Effective Date and Duration of the Plan. 

The Plan was approved by the Board on October 21, 2013, subject to approval by the Company’s stockholders, and will become effective
on the date it is approved by the Company’s stockholders. The Plan will terminate at midnight on October 21, 2023, and may be terminated prior to such time by Board action. No Incentive Award will be granted after termination of the Plan.
Incentive Awards outstanding upon termination of the Plan may continue to be exercised or become free of restrictions in accordance with their terms. 
 16.
Miscellaneous. 
 16.1 Usage. In this Plan, except where otherwise indicated by clear contrary intention, (a) any
masculine term used herein also includes the feminine, (b) the plural includes the singular, and the singular includes the plural, (c) “including” (and with correlative meaning “include”) means including without
limiting the generality of any description preceding such term, and (d) “or” is used in the inclusive sense of “and/or”. 

16.2 Governing Law. The validity, construction, interpretation, administration and effect of the Plan and any rules, regulations and
actions relating to the Plan will be governed by and construed exclusively in accordance with the laws of the State of Minnesota, notwithstanding the conflicts of laws principles of any jurisdictions. 

16.3 Successors and Assigns. The Plan will be binding upon and inure to the benefit of the successors and permitted assigns of the
Company and the Participants. 
 16.4 Construction. Wherever possible, each provision of the Plan and any Incentive Award Agreement
will be interpreted so that it is valid under the applicable law. If any provision of the Plan or any Incentive Award Agreement is to any extent invalid under the applicable law, that provision will still be effective to the extent it remains valid.
The remainder of the Plan and the Incentive Award Agreement also will continue to be valid, and the entire Plan and Incentive Award Agreement will continue to be valid in other jurisdictions. 

  
 18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00239-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00239-of-00352.parquet"}]]