Document:

EX-10.5

 Exhibit 10.5 

COURSERA, INC. 
 2021
STOCK INCENTIVE PLAN 
 (Adopted by the Board of Directors on January 5, 2021) 

(Approved by the Stockholders on __________, 2021) 

(Effective on ________, 2021) 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	 SECTION 1.
	 	ESTABLISHMENT AND PURPOSE	  	 	1	 
			
	 SECTION 2.
	 	DEFINITIONS	  	 	1	 
			
	 (a)
	 	“Affiliate”	  	 	1	 
			
	 (b)
	 	“Award”	  	 	1	 
			
	 (c)
	 	“Award Agreement”	  	 	1	 
			
	 (d)
	 	“Board of Directors” or “Board”	  	 	1	 
			
	 (e)
	 	“Cash-Based Award”	  	 	1	 
			
	 (f)
	 	“Change in Control”	  	 	1	 
			
	 (g)
	 	“Code”	  	 	3	 
			
	 (h)
	 	“Committee”	  	 	3	 
			
	 (i)
	 	“Company”	  	 	3	 
			
	 (j)
	 	“Consultant”	  	 	3	 
			
	 (k)
	 	“Disability”	  	 	3	 
			
	 (l)
	 	“Employee”	  	 	3	 
			
	 (m)
	 	“Exchange Act”	  	 	3	 
			
	 (n)
	 	“Exercise Price”	  	 	3	 
			
	 (o)
	 	“Fair Market Value”	  	 	3	 
			
	 (p)
	 	“ISO”	  	 	4	 
			
	 (q)
	 	“Nonstatutory Option” or “NSO”	  	 	4	 
			
	 (r)
	 	“Option”	  	 	4	 
			
	 (s)
	 	“Outside Director”	  	 	4	 
			
	 (t)
	 	“Parent”	  	 	4	 
			
	 (u)
	 	“Participant”	  	 	4	 
			
	 (v)
	 	“Plan”	  	 	4	 
			
	 (w)
	 	“Predecessor Plans”	  	 	4	 
			
	 (x)
	 	“Purchase Price”	  	 	4	 
			
	 (y)
	 	“Restricted Share”	  	 	4	 
			
	 (z)
	 	“Returning Shares”	  	 	4	 
			
	 (aa)
	 	“SAR”	  	 	5	 
			
	 (bb)
	 	“Section 409A”	  	 	5	 

  
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2021 STOCK INCENTIVE PLAN 

  
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	 (cc)
	 	“Securities Act”	  	 	5	 
			
	 (dd)
	 	“Service”	  	 	5	 
			
	 (ee)
	 	“Share”	  	 	5	 
			
	 (ff)
	 	“Stock”	  	 	5	 
			
	 (gg)
	 	“Stock Unit”	  	 	5	 
			
	 (hh)
	 	“Subsidiary”	  	 	5	 
			
	 SECTION 3.
	 	ADMINISTRATION	  	 	5	 
			
	 (a)
	 	Committee Composition	  	 	5	 
			
	 (b)
	 	Committee Appointment	  	 	6	 
			
	 (c)
	 	Committee Procedures	  	 	6	 
			
	 (d)
	 	Committee Responsibilities	  	 	6	 
			
	 SECTION 4.
	 	ELIGIBILITY	  	 	7	 
			
	 (a)
	 	General Rule	  	 	7	 
			
	 (b)
	 	Ten-Percent Stockholders	  	 	7	 
			
	 (c)
	 	Attribution Rules	  	 	8	 
			
	 (d)
	 	Outstanding Stock	  	 	8	 
			
	 SECTION 5.
	 	STOCK SUBJECT TO PLAN	  	 	8	 
			
	 (a)
	 	Basic Limitation	  	 	8	 
			
	 (b)
	 	Additional Shares	  	 	8	 
			
	 (c)
	 	Substitution and Assumption of Awards	  	 	9	 
			
	 (d)
	 	Grants to Outside Directors	  	 	9	 
			
	 SECTION 6.
	 	RESTRICTED SHARES	  	 	9	 
			
	 (a)
	 	Restricted Share Award Agreement	  	 	9	 
			
	 (b)
	 	Payment for Awards	  	 	9	 
			
	 (c)
	 	Vesting	  	 	9	 
			
	 (d)
	 	Voting and Dividend Rights	  	 	10	 
			
	 (e)
	 	Restrictions on Transfer of Shares	  	 	10	 
			
	 SECTION 7.
	 	TERMS AND CONDITIONS OF OPTIONS	  	 	10	 
			
	 (a)
	 	Stock Option Award Agreement	  	 	10	 
			
	 (b)
	 	Number of Shares	  	 	10	 

  

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	 (c)
	 	Exercise Price	  	 	10	 
			
	 (d)
	 	Withholding Taxes	  	 	11	 
			
	 (e)
	 	Exercisability and Term	  	 	11	 
			
	 (f)
	 	Exercise of Options	  	 	11	 
			
	 (g)
	 	Effect of Change in Control	  	 	11	 
			
	 (h)
	 	No Rights as a Stockholder	  	 	11	 
			
	 (i)
	 	Modification, Extension and Renewal of Options	  	 	11	 
			
	 (j)
	 	Restrictions on Transfer of Shares	  	 	12	 
			
	 (k)
	 	Buyout Provisions	  	 	12	 
			
	 SECTION 8.
	 	PAYMENT FOR SHARES	  	 	12	 
			
	 (a)
	 	General Rule	  	 	12	 
			
	 (b)
	 	Surrender of Stock	  	 	12	 
			
	 (c)
	 	Services Rendered	  	 	12	 
			
	 (d)
	 	Cashless Exercise	  	 	12	 
			
	 (e)
	 	Exercise/Pledge	  	 	12	 
			
	 (f)
	 	Net Exercise	  	 	12	 
			
	 (g)
	 	Promissory Note	  	 	13	 
			
	 (h)
	 	Other Forms of Payment	  	 	13	 
			
	 (i)
	 	Limitations under Applicable Law	  	 	13	 
			
	 SECTION 9.
	 	STOCK APPRECIATION RIGHTS	  	 	13	 
			
	 (a)
	 	SAR Award Agreement	  	 	13	 
			
	 (b)
	 	Number of Shares	  	 	13	 
			
	 (c)
	 	Exercise Price	  	 	13	 
			
	 (d)
	 	Exercisability and Term	  	 	13	 
			
	 (e)
	 	Effect of Change in Control	  	 	14	 
			
	 (f)
	 	Exercise of SARs	  	 	14	 
			
	 (g)
	 	Modification, Extension or Assumption of SARs	  	 	14	 
			
	 (h)
	 	Buyout Provisions	  	 	14	 
			
	 SECTION 10.
	 	STOCK UNITS	  	 	14	 
			
	 (a)
	 	Stock Unit Award Agreement	  	 	14	 
			
	 (b)
	 	Payment for Awards	  	 	14	 

  
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	 (c)
	 	Vesting Conditions	  	 	14	 
			
	 (d)
	 	Voting and Dividend Rights	  	 	15	 
			
	 (e)
	 	Form and Time of Settlement of Stock Units	  	 	15	 
			
	 (f)
	 	Death of Participant	  	 	15	 
			
	 (g)
	 	Creditors’ Rights	  	 	15	 
			
	 SECTION 11.
	 	CASH-BASED AWARDS	  	 	15	 
			
	 SECTION 12.
	 	ADJUSTMENT OF SHARES	  	 	16	 
			
	 (a)
	 	Adjustments	  	 	16	 
			
	 (b)
	 	Dissolution or Liquidation	  	 	16	 
			
	 (c)
	 	Mergers or Reorganizations	  	 	16	 
			
	 (d)
	 	Reservation of Rights	  	 	17	 
			
	 SECTION 13.
	 	DEFERRAL OF AWARDS	  	 	17	 
			
	 (a)
	 	Committee Powers	  	 	17	 
			
	 (b)
	 	General Rules	  	 	18	 
			
	 SECTION 14.
	 	AWARDS UNDER OTHER PLANS	  	 	18	 
			
	 SECTION 15.
	 	PAYMENT OF DIRECTOR’S FEES IN SECURITIES	  	 	18	 
			
	 (a)
	 	Effective Date	  	 	18	 
			
	 (b)
	 	Elections to Receive NSOs, SARs, Restricted Shares, or Stock Units	  	 	18	 
			
	 (c)
	 	Number and Terms of NSOs, SARs, Restricted Shares or Stock Units	  	 	18	 
			
	 SECTION 16.
	 	LEGAL AND REGULATORY REQUIREMENTS	  	 	19	 
			
	 SECTION 17.
	 	TAXES	  	 	19	 
			
	 (a)
	 	Withholding Taxes	  	 	19	 
			
	 (b)
	 	Share Withholding	  	 	19	 
			
	 (c)
	 	Section 409A	  	 	19	 
			
	 SECTION 18.
	 	TRANSFERABILITY	  	 	20	 
			
	 SECTION 19.
	 	PERFORMANCE BASED AWARDS	  	 	20	 
			
	 SECTION 20.
	 	NO EMPLOYMENT RIGHTS	  	 	20	 
			
	 SECTION 21.
	 	DURATION AND AMENDMENTS	  	 	20	 
			
	 (a)
	 	Term of the Plan	  	 	20	 

  
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	 (b)
	 	Right to Amend the Plan	  	 	20	 
			
	 (c)
	 	Effect of Termination	  	 	20	 
			
	 SECTION 22.
	 	AWARDS TO NON-U.S. PARTICIPANTS	  	 	20	 
			
	 SECTION 23.
	 	GOVERNING LAW	  	 	21	 
			
	 SECTION 24.
	 	SUCCESSORS AND ASSIGNS	  	 	21	 
			
	 SECTION 25.
	 	EXECUTION	  	 	21	 

  
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2021 STOCK INCENTIVE PLAN 

  
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 COURSERA, INC. 

2021 STOCK INCENTIVE PLAN 

SECTION 1. ESTABLISHMENT AND PURPOSE. 

This Coursera, Inc. Stock Incentive Plan (the “Plan”) was adopted by the Board of Directors on _________, 2021 and shall be
effective on [_____, 2021] (the “Effective Date”). The Plan’s purpose is to attract, retain, incent, and reward top talent through stock ownership to improve operating and financial performance and strengthen the
mutuality of interest between eligible service providers and stockholders. 
 SECTION 2. DEFINITIONS. 

(a) “Affiliate” means any entity other than a Subsidiary, if the Company and/or one or more Subsidiaries own not less
than fifty percent (50%) of such entity. 
 (b) “Award” means any award of an Option, a SAR, a Restricted Share, a
Stock Unit or a Cash-Based Award under the Plan. 
 (c) “Award Agreement” means the agreement between the Company and
the recipient of an Award which contains the terms, conditions and restrictions pertaining to such Award. 
 (d) “Board of
Directors” or “Board” means the Board of Directors of the Company, as constituted from time to time. 
 (e)
“Cash-Based Award” means an Award that entitles the Participant to receive a cash-denominated payment. 
 (f)
“Change in Control” means the occurrence of any of the following events: 
  

	 	(i)	 A change in the composition of the Board occurs, as a result of which fewer than
one-half of the incumbent directors are directors who either: 

  

	 	(A)	 Had been directors of the Company on the “look-back date” (as defined below) (the “original
directors”); or 

  

	 	(B)	 Were elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the
aggregate of the original directors who were still in office at the time of the election or nomination and the directors whose election or nomination was previously so approved (the “continuing directors”); 

provided, however, that for this purpose, the “original directors” and “continuing directors” shall not include any
individual whose initial assumption of office occurred as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents, by or on behalf of
a person other than the Board; 
  
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	 	(ii)	 Any “person” (as defined below) who by the acquisition or aggregation of securities, is or becomes
the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the combined voting power of
the Company’s then outstanding securities ordinarily (and apart from rights accruing under special circumstances) having the right to vote at elections of directors (the “Base Capital Stock”); except that any change in the
relative beneficial ownership of the Company’s securities by any person resulting solely from a reduction in the aggregate number of outstanding Shares of Base Capital Stock, and any decrease thereafter in such person’s ownership of
securities, shall be disregarded until such person increases in any manner, directly or indirectly, such person’s beneficial ownership of any securities of the Company; 

 

	 	(iii)	 The consummation of a merger or consolidation of the Company or a Subsidiary of the Company with or into
another entity or any other corporate reorganization, if persons who were not stockholders of the Company immediately prior to such merger, consolidation or other reorganization own immediately after such merger, consolidation or other
reorganization fifty percent (50%) or more of the voting power of the outstanding securities of each of (A) the Company (or its successor) and (B) any direct or indirect parent corporation of the Company (or its successor); or

  

	 	(iv)	 The sale, transfer, or other disposition of all or substantially all of the Company’s assets.

 For purposes of subsection (f)(i) above, the term “look-back” date means the later of (1) the Effective
Date and (2) the date that is twenty-four (24) months prior to the date of the event that may constitute a Change in Control. 

For purposes of subsection (f)(ii) above, the term “person” shall have the same meaning as when used in Sections 13(d) and 14(d) of
the Exchange Act, but shall exclude (1) a trustee or other fiduciary holding securities under an employee benefit plan maintained by the Company or a Parent or Subsidiary and (2) a corporation owned directly or indirectly by the
stockholders of the Company in substantially the same proportions as their ownership of the Stock. 
 Any other provision of this
Section 2(f) notwithstanding, a transaction shall not constitute a Change in Control if its sole purpose is to change the state of the Company’s incorporation or to create a holding company that will be owned in substantially the same
proportions by the persons who held the Company’s securities immediately before such transaction, and a Change in Control shall not be deemed to occur if the Company files a registration statement with the United States Securities and Exchange
Commission in connection with an initial or secondary public offering of securities or debt of the Company to the public. 
  

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 (g) “Code” means the United States Internal Revenue Code of 1986, as
amended, and the rules and regulations promulgated thereunder. 
 (h) “Committee” means the Leadership Development,
Inclusion and Compensation Committee as designated by the Board, which is authorized to administer the Plan, as described in Section 3 hereof. 

(i) “Company” means Coursera, Inc., a Delaware corporation, including any successor thereto. 

(j) “Consultant” means an individual who is a consultant or advisor and who provides bona fide services to the Company,
a Parent, a Subsidiary, or an Affiliate as an independent contractor (not including service as a member of the Board) or a member of the Board of a Parent or a Subsidiary, in each case who is not an Employee. 

(k) “Disability” means any permanent and total disability as defined by Section 22(e)(3) of the Code. 

(l) “Employee” means any individual who is a common-law employee of the
Company, a Parent, a Subsidiary, or an Affiliate. 
 (m) “Exchange Act” means the United States Securities Exchange
Act of 1934, as amended, and the rules and regulations promulgated thereunder. 
 (n) “Exercise Price” means, in the
case of an Option, the amount for which one Share may be purchased upon exercise of such Option, as specified in the applicable Stock Option Agreement. “Exercise Price” means, in the case of a SAR, an amount, as specified in the applicable
SAR Award Agreement, which is subtracted from the Fair Market Value of one Share in determining the amount payable upon exercise of such SAR. 

(o) “Fair Market Value” with respect to a Share, means the market price of one Share, determined by the Committee as
follows: 
  

	 	(i)	 If the Stock was traded
over-the-counter on the date in question, then the Fair Market Value shall be equal to the last transaction price quoted for such date by the OTC Bulletin Board or, if
not so quoted, shall be equal to the mean between the last reported representative bid and asked prices quoted for such date by the principal automated inter-dealer quotation system on which the Stock is quoted or, if the Stock is not quoted on any
such system, by the Pink Quote system; 

  

	 	(ii)	 If the Stock was traded on any established stock exchange (such as the New York Stock Exchange, The Nasdaq
Global Market or The Nasdaq Global Select Market) or national market system on the date in question, then the Fair Market Value shall be equal to the closing price reported for such date by the applicable exchange or system; or

  
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	 	(iii)	 If none of the foregoing provisions is applicable, then the Fair Market Value shall be determined by the
Committee in good faith on such basis as it deems appropriate. 

 In all cases, the determination of Fair Market Value by the Committee
shall be conclusive and binding on all persons. 
 (p) “ISO” means an employee incentive stock option
described in Section 422 of the Code. 
 (q) “Nonstatutory Option” or “NSO” means an
employee stock option that is not an ISO. 
 (r) “Option” means an ISO or NSO granted under the Plan and entitling
the holder to purchase Shares. 
 (s) “Outside Director” means a member of the Board who is not a common-law employee of, or paid consultant to, the Company, a Parent or a Subsidiary. 
 (t)
“Parent” means any corporation (other than the Company) in an unbroken chain of corporations ending with the Company, if each of the corporations other than the Company owns stock possessing fifty percent (50%) or more of the
total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status of a Parent on a date after the adoption of the Plan shall be a Parent commencing as of such date. 

(u) “Participant” means a person who holds an Award. 

(v) “Plan” means this 2021 Stock Incentive Plan of Coursera, Inc., as amended from time to time. 

(w) “Predecessor Plans” means the Coursera, Inc. 2014 Executive Stock Incentive Plan, as amended and restated, and the
Coursera, Inc. Stock Incentive Plan, as amended and restated. 
 (x) “Purchase Price” means the consideration for
which one Share may be acquired under the Plan (other than upon exercise of an Option or SAR), as specified by the Committee. 
 (y)
“Restricted Share” means a Share awarded under the Plan. 
 (z) “Returning
Shares” means Shares subject to outstanding stock awards granted under either of the Predecessor Plans and that following the Effective Date: (A) are subsequently forfeited or terminated for any reason before being exercised
or settled; (B) are not issued because such stock award or any portion thereof is settled in cash; (C) are subject to vesting restrictions and are subsequently forfeited; (D) are withheld or reacquired to satisfy the exercise, strike
or purchase price; or (E) are withheld or reacquired to satisfy a tax withholding obligation. 
  

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 (aa) “SAR” means a stock appreciation right granted under the Plan.

 (bb) “Section 409A” means Section 409A of the Code. 

(cc) “Securities Act” means the United States Securities Act of 1933, as amended, the rules and regulations promulgated
thereunder. 
 (dd) “Service” means service as an Employee, Consultant or Outside Director, subject to such further
limitations as may be set forth in the Plan or the applicable Award Agreement. Service does not terminate when an Employee goes on a bona fide leave of absence, that was approved by the Company in writing, if the terms of the leave provide for
continued Service crediting, or when continued Service crediting is required by applicable law. However, for purposes of determining whether an Option is entitled to ISO status, an Employee’s employment will be treated as terminating three
(3) months after such Employee went on leave, unless such Employee’s right to return to active work is guaranteed by law or by a contract. Service terminates in any event when the approved leave ends, unless such Employee immediately
returns to active work. The Company determines which leaves of absence count toward Service, and when Service terminates for all purposes under the Plan. 

(ee) “Share” means one Share of Stock, as adjusted in accordance with Section 12 (if applicable). 

(ff) “Stock” means the Common Stock, par value $0.0001 per Share, of the Company. 

(gg) “Stock Unit” means a bookkeeping entry representing the Company’s obligation to deliver one Share (or
distribute cash) on a future date in accordance with the provisions of a Stock Unit Award Agreement. 
 (hh) “Subsidiary”
means any corporation, if the Company and/or one or more other Subsidiaries own not less than fifty percent (50%) of the total combined voting power of all classes of outstanding stock of such corporation. A corporation that attains the status
of a Subsidiary on a date after the adoption of the Plan shall be considered a Subsidiary commencing as of such date. The determination of whether an entity is a “Subsidiary” shall be made in accordance with Section 424(f) of the
code. 
 SECTION 3. ADMINISTRATION. 

(a) Committee Composition. The Plan shall be administered by the Board or a Committee appointed by the Board,. The Committee shall
consist of two or more directors of the Company. In addition, to the extent required by the Board, the composition of the Committee shall satisfy such requirements of the Nasdaq Stock Market or the New York Stock Exchange, as applicable to the
Company, and as the Securities and Exchange Commission may establish for administrators acting under plans intended to qualify for exemption under Rule 16b-3 (or its successor) under the Exchange Act. 

 
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 (b) Committee Appointment. The Board may also appoint one or more separate committees
of the Board, each composed of one or more directors of the Company who need not satisfy the requirements of Section 3(a), who may administer the Plan, may grant Awards under the Plan and may determine all terms of such grants, in each case
with respect to all Employees, Consultants and Outside Directors (except such as may be on such committee), provided that such committee or committees may perform these functions only with respect to Employees who are not considered officers or
directors of the Company under Section 16 of the Exchange Act. Within the limitations of the preceding sentence, any reference in the Plan to the Committee shall include such committee or committees appointed pursuant to the preceding sentence.
To the extent permitted by applicable laws, the Board of Directors may also authorize one or more officers of the Company to designate Employees, other than officers under Section 16 of the Exchange Act, to receive Awards and/or to determine
the number of such Awards to be received by such persons; provided, however, that the Board of Directors shall specify the total number of Awards that such officers may so award. 

(c) Committee Procedures. The Committee may hold meetings at such times and places as it shall determine. The acts of a majority of the
Committee members present at meetings at which a quorum exists, or acts reduced to or approved in writing (including via email) by all Committee members, shall be valid acts of the Committee. 

(d) Committee Responsibilities. Subject to the provisions of the Plan, the Committee shall have full authority and discretion to take
the following actions: 
  

	 	(i)	 To interpret the Plan and to apply its provisions; 

 

	 	(ii)	 To adopt, amend, or rescind rules, procedures, and forms relating to the Plan; 

 

	 	(iii)	 To adopt, amend, or terminate sub-plans established for the purpose of
satisfying applicable foreign laws including qualifying for preferred tax treatment under applicable foreign tax laws; 

  

	 	(iv)	 To authorize any person to execute, on behalf of the Company, any instrument required to carry out the purposes
of the Plan; 

  

	 	(v)	 To determine when Awards are to be granted under the Plan; 

 

	 	(vi)	 To select the Participants to whom Awards are to be granted; 

 

	 	(vii)	 To determine the type of Award and number of Shares or amount of cash to be made subject to each Award;

  

	 	(viii)	 To prescribe the terms and conditions of each Award, including (without limitation) the Exercise Price and
Purchase Price, and the vesting or duration of the Award (including accelerating the vesting of Awards, either at the time of the Award or thereafter, without the consent of the Participant), to determine whether an Option is to be classified as an
ISO or as an NSO, and to specify the provisions of the agreement relating to such Award; 

  

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	 	(ix)	 To amend any outstanding Award Agreement, subject to applicable legal restrictions and to the consent of the
Participant if the Participant’s rights or obligations would be materially impaired; 

  

	 	(x)	 To prescribe the consideration for the grant of each Award or other right under the Plan and to determine the
sufficiency of such consideration; 

  

	 	(xi)	 To determine the disposition of each Award or other right under the Plan in the event of a Participant’s
divorce or dissolution of marriage; 

  

	 	(xii)	 To determine whether Awards under the Plan will be granted in replacement of other grants under an incentive or
other compensation plan of an acquired business; 

  

	 	(xiii)	 To correct any defect, supply any omission, or reconcile any inconsistency in the Plan or any Award Agreement;

  

	 	(xiv)	 To establish or verify the extent of satisfaction of any performance goals or other conditions applicable to
the grant, issuance, exercisability, vesting, and/or ability to retain any Award; and 

  

	 	(xv)	 To take any other actions deemed necessary or advisable for the administration of the Plan.

 Subject to the requirements of applicable law, the Committee may designate persons other than members of the Committee to carry out its
responsibilities and may prescribe such conditions and limitations as it may deem appropriate, except that the Committee may not delegate its authority with regard to the selection for participation of or the granting of Awards under the Plan to
persons subject to Section 16 of the Exchange Act. All decisions, interpretations and other actions of the Committee shall be final and binding on all Participants and all persons deriving their rights from a Participant. No member of the
Committee shall be liable for any action that he has taken or has failed to take in good faith with respect to the Plan or any Award under the Plan. 

SECTION 4. ELIGIBILITY. 
 (a)
General Rule. Only Employees, Consultants and Outside Directors shall be eligible for the grant of Awards. Only common-law employees of the Company, a Parent, or a Subsidiary shall be eligible for the
grant of ISOs. 
 (b) Ten-Percent Stockholders. An Employee who owns more than ten percent
(10%) of the total combined voting power of all classes of outstanding stock of the Company, a Parent or Subsidiary shall not be eligible for the grant of an ISO unless such grant satisfies the requirements of Section 422(c)(5) of the Code.

  
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 (c) Attribution Rules. For purposes of Section 4(b) above, in determining stock
ownership, an Employee shall be deemed to own the stock owned, directly or indirectly, by or for such Employee’s brothers, sisters, spouse, ancestors, and lineal descendants. Stock owned, directly or indirectly, by or for a corporation,
partnership, estate, or trust shall be deemed to be owned proportionately by or for its stockholders, partners, or beneficiaries. 
 (d)
Outstanding Stock. For purposes of Section 4(b) above, “outstanding stock” shall include all stock actually issued and outstanding immediately after the grant. “Outstanding stock” shall not include Shares authorized
for issuance under outstanding options held by the Employee or by any other person. 
 SECTION 5. STOCK SUBJECT TO PLAN. 

(a) Basic Limitation. Shares offered under the Plan shall be authorized but unissued Shares or treasury Shares. The maximum aggregate
number of Shares authorized for issuance as Awards under the Plan shall not exceed the sum of (x) ______1 Shares, plus (y) the sum of any Returning Shares which become available from time to
time plus the number of reserved Shares not issued or subject to outstanding grants under the Predecessor Plans on the Effective Date, plus (z) an annual increase on the first day of each
fiscal year, for a period of not more than ten (10) years, beginning on January 1, 2022, and ending on (and including) January 1, 2031, in an amount equal to (i) five percent (5%)of the outstanding Shares on the last day of the
immediately preceding fiscal year or (ii) such lesser amount (including zero) that the Board determines for purposes of the annual increase for that fiscal year. Notwithstanding the foregoing, the number of Shares that may be delivered in the
aggregate pursuant to the exercise of ISOs granted under the Plan shall not exceed five (5) times the number of Shares provided under (x) above plus, to the extent allowable under Section 422 of the Code, any Shares that become
available for issuance under the Plan pursuant to Section 5(b). The limitations of this Section 5(a) shall be subject to adjustment pursuant to Section 12. The number of Shares that are subject to Awards outstanding at any time under
the Plan shall not exceed the number of Shares which then remain available for issuance under the Plan. The Company shall at all times reserve and keep available sufficient Shares to satisfy the requirements of the Plan. 

(b) Additional Shares. If Restricted Shares or Shares issued upon the exercise of options are forfeited, then such Shares shall again
become available for Awards under the Plan. If Stock Units, Options, or SARs are forfeited or terminate for any reason before being exercised or settled, or an Award is settled in cash without the delivery of Shares to the holder, then the
corresponding Shares shall again become available for Awards under the Plan. If Stock Units or SARs are settled, then only the number of Shares (if any) actually issued in settlement of such Stock Units or SARs shall reduce the number available in
Section 5(a) and the balance (including any Shares withheld to satisfy tax withholding obligations) shall again become available for Awards under the Plan. Any Shares withheld to satisfy the Exercise Price or tax withholding obligation pursuant
to any Award of Options or SARs shall be added back to the Shares available for Awards under the Plan. Notwithstanding the foregoing provisions of this Section 5(b), Shares that have actually been issued shall not again become available for
Awards under the Plan, except for Shares that are forfeited and do not become vested. 
  

	1 	 To confirm the share limit, which may be expressed as either a fixed number of shares or a formula.

  
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 (c) Substitution and Assumption of Awards. The Committee may make Awards under the
Plan by assumption, substitution, or replacement of stock options, stock appreciation rights, stock units, or similar awards granted by another entity (including a Parent or Subsidiary), if such assumption, substitution, or replacement is in
connection with an asset acquisition, stock acquisition, merger, consolidation, or similar transaction involving the Company (and/or its Parent or Subsidiary) and such other entity (and/or its affiliate). The terms of such assumed, substituted, or
replaced Awards shall be as the Committee, in its discretion, determines is appropriate, notwithstanding limitations on Awards in the Plan. Any such substitute or assumed Awards shall not count against the Share limitation set forth in
Section 5(a) (nor shall Shares subject to such Awards be added to the Shares available for Awards under the Plan as provided in Section 5(b) above), except that Shares acquired by exercise of substitute ISOs will count against the maximum
number of Shares that may be issued pursuant to the exercise of ISOs under the Plan. 
 (d) Grants to Outside Directors. The grant
date fair value of all Awards (as determined in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, or any successor thereto) granted under the Plan to any Outside Director as compensation for services
as an Outside Director during any twelve (12)-month period may not exceed $750,000, provided that any Award granted to an Outside Director in lieu of a cash retainer and/or meeting fees pursuant to Section 15(b) will be excluded from such
limit. 
 SECTION 6. RESTRICTED SHARES. 

(a) Restricted Share Award Agreement. Each grant of Restricted Shares under the Plan shall be evidenced by a Restricted Share Award
Agreement between the Participant and the Company. Such Restricted Shares shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The provisions of the various Restricted
Share Award Agreements entered into under the Plan need not be identical. 
 (b) Payment for Awards. Restricted Shares may be sold or
awarded under the Plan for such consideration as the Committee may determine, including (without limitation) cash, cash equivalents, full-recourse promissory notes, past services, and future services. 

(c) Vesting. Each Award of Restricted Shares may or may not be subject to vesting. Vesting shall occur, in full or in installments, upon
satisfaction of the conditions specified in the Restricted Share Award Agreement. A Restricted Share Award Agreement may provide for accelerated vesting in the event of the Participant’s death, Disability or retirement or other events. The
Committee may determine, at the time of granting Restricted Shares or thereafter, that all or part of such Restricted Shares shall become vested in the event that a Change in Control occurs with respect to the Company. 

 
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 (d) Voting and Dividend Rights. A holder of Restricted Shares awarded under the Plan
shall have the same voting, dividend, and other rights as the Company’s other stockholders, except that in the case of any unvested Restricted Shares, the holder shall not be entitled to any dividends or other distributions paid or distributed
by the Company in respect of outstanding Shares. Notwithstanding the foregoing, at the Committee’s discretion, the holder of unvested Restricted Shares may be credited with such dividends and other distributions, provided that such dividends
and other distributions shall be paid or distributed to the holder only if, when and to the extent such unvested Restricted Shares vest. The value of dividends and other distributions payable or distributable with respect to any unvested Restricted
Shares that do not vest shall be forfeited. At the Committee’s discretion, the Restricted Share Award Agreement may require that the holder of Restricted Shares invest any cash dividends received in additional Restricted Shares. Such additional
Restricted Shares shall be subject to the same conditions as the Award with respect to which the dividend was paid. For the avoidance of doubt, other than with respect to the right to receive dividends and other distributions, the holders of
unvested Restricted Shares shall have the same voting rights and other rights as the Company’s other stockholders in respect of such unvested Restricted Shares. 

(e) Restrictions on Transfer of Shares. Restricted Shares shall be subject to such rights of repurchase, rights of first refusal, or
other restrictions as the Committee may determine. Such restrictions shall be set forth in the applicable Restricted Share Award Agreement and shall apply in addition to any general restrictions that may apply to all holders of Shares. 

SECTION 7. TERMS AND CONDITIONS OF OPTIONS. 

(a) Stock Option Award Agreement. Each grant of an Option under the Plan shall be evidenced by a Stock Option Award Agreement between
the Participant and the Company. Such Option shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions which are not inconsistent with the Plan and which the Committee deems appropriate
for inclusion in a Stock Option Award Agreement. The Stock Option Award Agreement shall specify whether the Option is an ISO or an NSO. The provisions of the various Stock Option Award Agreements entered into under the Plan need not be identical.

 (b) Number of Shares. Each Stock Option Award Agreement shall specify the number of Shares that are subject to the Option and shall
provide for the adjustment of such number in accordance with Section 12. 
 (c) Exercise Price. Each Stock Option Award Agreement
shall specify the Exercise Price. The Exercise Price of an ISO shall not be less than one hundred percent (100%) of the Fair Market Value of a Share on the date of grant and the Exercise Price of an NSO shall not be less than 100% of the Fair Market
Value of a Share on the date of grant. Notwithstanding the foregoing, Options may be granted with an Exercise Price of less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant pursuant to a transaction described
in, and in a manner consistent with, Section 424(a) of the Code. Subject to the foregoing in this Section 7(c), the Exercise Price under any Option shall be determined by the Committee in its sole discretion. The Exercise Price shall be
payable in one of the forms described in Section 8. 
  
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 (d) Withholding Taxes. As a condition to the exercise of an Option, the Participant
shall make such arrangements as the Committee may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such exercise. The Participant shall also make such arrangements as
the Committee may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with the disposition of Shares acquired by exercising an Option. 

(e) Exercisability and Term. Each Stock Option Award Agreement shall specify the date when all or any installment of the Option is to
become exercisable. The Stock Option Award Agreement shall also specify the term of the Option; provided that the term of an ISO shall in no event exceed ten (10) years from the date of grant (five (5) years for ISOs granted to Employees
described in Section 4(b)). A Stock Option Award Agreement may provide for accelerated exercisability in the event of the Participant’s death, Disability, or retirement or other events and may provide for expiration prior to the end of its
term in the event of the termination of the Participant’s Service. Options may be awarded in combination with SARs, and such an Award may provide that the Options will not be exercisable unless the related SARs are forfeited. Subject to the
foregoing in this Section 7(e), the Committee in its sole discretion shall determine when all or any installment of an Option is to become exercisable and when an Option is to expire. 

(f) Exercise of Options. Each Stock Option Award Agreement shall set forth the extent to which the Participant shall have the right to
exercise the Option following termination of the Participant’s Service with the Company and its Subsidiaries, and the right to exercise the Option of any executors or administrators of the Participant’s estate or any person who has
acquired such Option(s) directly from the Participant by bequest or inheritance. Such provisions shall be determined in the sole discretion of the Committee, need not be uniform among all Options issued pursuant to the Plan, and may reflect
distinctions based on the reasons for termination of Service. 
 (g) Effect of Change in Control. The Committee may determine, at the
time of granting an Option or thereafter, that such Option shall become exercisable as to all or part of the Shares subject to such Option in the event that a Change in Control occurs with respect to the Company. 

(h) No Rights as a Stockholder. A Participant shall have no rights as a stockholder with respect to any Shares covered by his Option
until such Shares are issued to the Participant. . No adjustments shall be made, except as provided in Section 12. 
 (i)
Modification, Extension and Renewal of Options. Within the limitations of the Plan, the Committee may modify, extend, or renew outstanding options or may accept the cancellation of outstanding options (to the extent not previously exercised),
whether or not granted hereunder, in return for the grant of new Options for the same or a different number of Shares and at the same or a different Exercise Price, or in return for the grant of a different Award for the same or a different number
of Shares or for cash. The foregoing notwithstanding, no modification of an Option shall, without the consent of the Participant, materially impair his or her rights or obligations under such Option. 

 
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 (j) Restrictions on Transfer of Shares. Any Shares issued upon exercise of an Option
shall be subject to such special forfeiture conditions, rights of repurchase, rights of first refusal, and other transfer restrictions as the Committee may determine. Such restrictions shall be set forth in the applicable Stock Option Award
Agreement and shall apply in addition to any general restrictions that may apply to all holders of Shares. 
 (k) Buyout Provisions.
The Committee may at any time (i) offer to buy out for a payment in cash or cash equivalents an Option previously granted or (ii) authorize a Participant to elect to cash out an Option previously granted, in either case at such time and
based upon such terms and conditions as the Committee shall establish. 
 SECTION 8. PAYMENT FOR SHARES. 

(a) General Rule. The entire Exercise Price or Purchase Price of Shares issued under the Plan shall be payable in lawful money of the
United States of America at the time when such Shares are purchased, except as provided in Section 8(b) through Section 8(h) below. 

(b) Surrender of Stock. To the extent that a Stock Option Award Agreement so provides, payment may be made all or in part by
surrendering, or attesting to the ownership of, Shares which have already been owned by the Participant or his or her representative. Such Shares shall be valued at their Fair Market Value on the date when the new Shares are purchased under the
Plan. The Participant shall not surrender, or attest to the ownership of, Shares in payment of the Exercise Price if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect to the
Option for financial reporting purposes. 
 (c) Services Rendered. At the discretion of the Committee, Shares may be awarded under the
Plan in consideration of services rendered to the Company or a Subsidiary. If Shares are awarded without the payment of a Purchase Price in cash, the Committee shall make a determination (at the time of the Award) of the value of the services
rendered by the Participant and the sufficiency of the consideration to meet the requirements of Section 6(b). 
 (d) Cashless
Exercise. To the extent that a Stock Option Award Agreement so provides, payment may be made all or in part by delivery (on a form prescribed by the Committee) of an irrevocable direction to a securities broker to sell Shares and to deliver all
or part of the sale proceeds to the Company in payment of the aggregate Exercise Price. 
 (e) Exercise/Pledge. To the extent that a
Stock Option Award Agreement so provides, payment may be made all or in part by delivery (on a form prescribed by the Committee) of an irrevocable direction to a securities broker or lender to pledge Shares, as security for a loan, and to deliver
all or part of the loan proceeds to the Company in payment of the aggregate Exercise Price. 
 (f) Net Exercise. To the extent that a
Stock Option Award Agreement so provides, by a “net exercise” arrangement pursuant to which the number of Shares issuable upon exercise of the Option shall be reduced by the largest whole number of Shares having an aggregate Fair Market
Value that does not exceed the aggregate Exercise Price (plus tax withholdings, if applicable) and any remaining balance of the aggregate Exercise Price (and/or applicable tax withholdings) not satisfied by such reduction in the number of whole
Shares to be issued shall be paid by the Participant in cash or any other form of payment permitted under the Stock Option Agreement. 
  

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 (g) Promissory Note. To the extent that a Stock Option Award Agreement or Restricted
Share Award Agreement so provides, payment may be made all or in part by delivering (on a form prescribed by the Company) a full-recourse promissory note. 

(h) Other Forms of Payment. To the extent that a Stock Option Award Agreement or Restricted Share Award Agreement so provides, payment
may be made in any other form that is consistent with applicable laws, regulations, and rules. 
 (i) Limitations under Applicable
Law. Notwithstanding anything herein or in a Stock Option Award Agreement or Restricted Share Award Agreement to the contrary, payment may not be made in any form that is unlawful, as determined by the Committee in its sole discretion. 

SECTION 9. STOCK APPRECIATION RIGHTS. 

(a) SAR Award Agreement. Each grant of a SAR under the Plan shall be evidenced by a SAR Award Agreement between the Participant and the
Company. Such SAR shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The provisions of the various SAR Award Agreements entered into under the Plan need not be
identical. 
 (b) Number of Shares. Each SAR Award Agreement shall specify the number of Shares to which the SAR pertains and shall
provide for the adjustment of such number in accordance with Section 12. 
 (c) Exercise Price. Each SAR Award Agreement shall
specify the Exercise Price. The Exercise Price of a SAR shall not be less than one hundred percent (100%) of the Fair Market Value of a Share on the date of grant. Notwithstanding the foregoing, SARs may be granted with an Exercise Price of less
than one hundred percent (100%) of the Fair Market Value per Share on the date of grant pursuant to a transaction described in, and in a manner consistent with, Section 424(a) of the Code. Subject to the foregoing in this Section 9(c), the
Exercise Price under any SAR shall be determined by the Committee in its sole discretion. 
 (d) Exercisability and Term. Each SAR
Award Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Award Agreement shall also specify the term of the SAR. A SAR Award Agreement may provide for accelerated exercisability in the event of
the Participant’s death, Disability, retirement, or other events and may provide for expiration prior to the end of its term in the event of the termination of the Participant’s Service. SARs may be awarded in combination with Options, and
such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. A SAR may be included in an ISO only at the time of grant but may be included in an NSO at the time of grant or thereafter. A SAR granted under
the Plan may provide that it will be exercisable only in the event of a Change in Control. 
  

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 (e) Effect of Change in Control. The Committee may determine, at the time of granting
a SAR or thereafter, that such SAR shall become fully exercisable as to all Common Shares subject to such SAR in the event that a Change in Control occurs with respect to the Company. 

(f) Exercise of SARs. Upon exercise of a SAR, the Participant (or any person having the right to exercise the SAR after his or her
death) shall receive from the Company (i) Shares, (ii) cash or (iii) a combination of Shares and cash, as the Committee shall determine. The amount of cash and/or the Fair Market Value of Shares received upon exercise of SARs shall, in the
aggregate, be equal to the amount by which the Fair Market Value (on the date of surrender) of the Shares subject to the SARs exceeds the Exercise Price. 

(g) Modification, Extension or Assumption of SARs. Within the limitations of the Plan, the Committee may modify, extend, or assume
outstanding SARs or may accept the cancellation of outstanding SARs (whether granted by the Company or by another issuer) in return for the grant of new SARs for the same or a different number of Shares and at the same or a different Exercise Price,
or in return for the grant of a different Award for the same or a different number of Shares or cash. The foregoing notwithstanding, no modification of a SAR shall, without the consent of the holder, materially impair his or her rights or
obligations under such SAR. 
 (h) Buyout Provisions. The Committee may at any time (i) offer to buy out for a payment in cash or
cash equivalents a SAR previously granted, or (ii) authorize a Participant to elect to cash out a SAR previously granted, in either case at such time and based upon such terms and conditions as the Committee shall establish. 

SECTION 10. STOCK UNITS. 
 (a)
Stock Unit Award Agreement. Each grant of Stock Units under the Plan shall be evidenced by a Stock Unit Award Agreement between the Participant and the Company. Such Stock Units shall be subject to all applicable terms of the Plan and may be
subject to any other terms that are not inconsistent with the Plan. The provisions of the various Stock Unit Award Agreements entered into under the Plan need not be identical. 

(b) Payment for Awards. To the extent that an Award is granted in the form of Stock Units, no cash consideration shall be required of
the Award recipients. 
 (c) Vesting Conditions. Each Award of Stock Units may or may not be subject to vesting. Vesting shall occur,
in full or in installments, upon satisfaction of the conditions specified in the Stock Unit Award Agreement. A Stock Unit Award Agreement may provide for accelerated vesting in the event of the Participant’s death, Disability, retirement, or
other events. The Committee may determine, at the time of granting Stock Units or thereafter, that all or part of such Stock Units shall become vested in the event that a Change in Control occurs with respect to the Company. 

 
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 (d) Voting and Dividend Rights. The holders of Stock Units shall have no voting
rights. Prior to settlement or forfeiture, any Stock Unit awarded under the Plan may, at the Committee’s discretion, carry with it a right to dividend equivalents. Such right entitles the holder to be credited with an amount equal to all cash
dividends paid on one Share while the Stock Unit is outstanding. Dividend equivalents may be converted into additional Stock Units. Settlement of dividend equivalents may be made in the form of cash, in the form of Shares, or in a combination of
both. Dividend equivalents shall not be distributed prior to settlement of the Stock Unit to which the dividend equivalents pertain. Prior to distribution, any dividend equivalents shall be subject to the same conditions and restrictions (including
without limitation, any forfeiture conditions) as the Stock Units to which they attach. The value of dividend equivalents payable or distributable with respect to any unvested Stock Units that do not vest shall be forfeited. 

(e) Form and Time of Settlement of Stock Units. Settlement of vested Stock Units may be made in the form of (i) cash, (ii) Shares
or (iii) any combination of both, as determined by the Committee. The actual number of Stock Units eligible for settlement may be larger or smaller than the number included in the original Award, based on predetermined performance factors.
Methods of converting Stock Units into cash may include (without limitation) a method based on the average Fair Market Value of Shares over a series of trading days. A Stock Unit Award Agreement may provide that vested Stock Units may be settled in
a lump sum or in installments. A Stock Unit Award Agreement may provide that the distribution may occur or commence when all vesting conditions applicable to the Stock Units have been satisfied or have lapsed, or it may be deferred to any later
date, subject to compliance with Section 409A. The amount of a deferred distribution may be increased by an interest factor or by dividend equivalents. Until an Award of Stock Units is settled, the number of such Stock Units shall be subject to
adjustment pursuant to Section 12. 
 (f) Death of Participant. Any Stock Unit Award that becomes payable after the
Participant’s death shall be distributed to the Participant’s beneficiary or beneficiaries. Each recipient of a Stock Unit Award under the Plan shall designate one or more beneficiaries for this purpose by filing the prescribed form with
the Company. A beneficiary designation may be changed by filing the prescribed form with the Company at any time before the Participant’s death. If no beneficiary was designated or if no designated beneficiary survives the Participant, then any
Stock Units Award that becomes payable after the Participant’s death shall be distributed to the Participant’s estate. 
 (g)
Creditors’ Rights. A holder of Stock Units shall have no rights other than those of a general creditor of the Company. Stock Units represent an unfunded and unsecured obligation of the Company, subject to the terms and
conditions of the applicable Stock Unit Award Agreement. 
 SECTION 11. CASH-BASED AWARDS. 

The Committee may, in its sole discretion, grant Cash-Based Awards to any Participant in such number or amount and upon such terms, and subject
to such conditions, as the Committee shall determine at the time of grant and specify in an applicable Award Agreement. The Committee shall determine the maximum duration of the Cash-Based Award, the amount of cash which may be payable pursuant to
the Cash-Based Award, the conditions upon which the 
  
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Cash-Based Award shall become vested or payable, and such other provisions as the Committee shall determine. Each Cash-Based Award shall specify a cash-denominated payment amount, formula, or
payment ranges as determined by the Committee. Payment, if any, with respect to a Cash-Based Award shall be made in accordance with the terms of the Award and may be made in cash or in Shares, as the Committee determines. 

SECTION 12. ADJUSTMENT OF SHARES. 

(a) Adjustments. In the event of a subdivision of the outstanding Stock, a declaration of a dividend payable in Shares, a declaration of
a dividend payable in a form other than Shares in an amount that has a material effect on the price of Shares, a combination or consolidation of the outstanding Stock (by reclassification or otherwise) into a lesser number of Shares, a
recapitalization, a spin-off or a similar occurrence, the Committee shall make appropriate and equitable adjustments in: 
  

	 	(i)	 The number of Shares available for future Awards and the limitations set forth under Section 5;

  

	 	(ii)	 The number of Shares covered by each outstanding Award; and 

 

	 	(iii)	 The Exercise Price under each outstanding Option and SAR. 

(b) Dissolution or Liquidation. To the extent not previously exercised or settled, Options, SARs, and Stock Units shall terminate
immediately prior to the dissolution or liquidation of the Company. 
 (c) Mergers or Reorganizations. In the event that the Company
is a party to a merger or other reorganization, outstanding Awards shall be subject to the agreement of merger or reorganization. Subject to compliance with Section 409A, such agreement shall provide for: 

 

	 	(i)	 The continuation of the outstanding Awards by the Company, if the Company is a surviving corporation;

  

	 	(ii)	 The assumption of the outstanding Awards by the surviving corporation or its parent or subsidiary;

  

	 	(iii)	 The substitution by the surviving corporation or its parent or subsidiary of its own awards for the outstanding
Awards; 

  

	 	(iv)	 Immediate vesting, exercisability, or settlement of outstanding Awards followed by the cancellation of such
Awards upon or immediately prior to the effectiveness of such transaction; or 

  

	 	(v)	 Settlement of the intrinsic value of the outstanding Awards (whether or not then vested or exercisable) in cash
or cash equivalents or equity (including cash or equity subject to deferred vesting and delivery consistent with the vesting restrictions applicable to such Awards or the 

 
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underlying Shares) followed by the cancellation of such Awards (and, for the avoidance of doubt, if as of the date of the occurrence of the transaction the Committee determines in good faith that
no amount would have been attained upon the exercise of such Award or realization of the Participant’s rights, then such Award may be terminated by the Company without payment); 

in each case without the Participant’s consent. Any acceleration of payment of an amount that is subject to Section 409A will be
delayed, if necessary, until the earliest time that such payment would be permissible under Section 409A without triggering any additional taxes applicable under Section 409A. 

The Company will have no obligation to treat all Awards, all Awards held by a Participant, or all Awards of the same type, similarly. To the extent that the
applicable agreement of merger or reorganization does not provide for one of the treatments set forth in (i) – (v) above, all outstanding Awards will be subject to full vesting immediately prior to the effectiveness of such transaction. 

(d) Reservation of Rights. Except as provided in this Section 12, a Participant shall have no rights by reason of any subdivision
or consolidation of Shares of stock of any class, the payment of any dividend or any other increase or decrease in the number of Shares of stock of any class. Any issue by the Company of Shares of stock of any class, or securities convertible into
Shares of stock of any class, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or Exercise Price of Shares subject to an Award. The grant of an Award pursuant to the Plan shall not affect in any way the
right or power of the Company to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, to merge or consolidate or to dissolve, liquidate, sell, or transfer all or any part of its business or assets.
In the event of any change affecting the Shares or the Exercise Price of Shares subject to an Award, including a merger or other reorganization, for reasons of administrative convenience, the Company in its sole discretion may refuse to permit the
exercise of any Award during a period of up to thirty (30) days prior to the occurrence of such event. 
 SECTION 13. DEFERRAL OF AWARDS.

 (a) Committee Powers. Subject to compliance with Section 409A, the Committee (in its sole discretion) may permit or
require a Participant to: 
  

	 	(i)	 Have cash that otherwise would be paid to such Participant as a result of the exercise of a SAR or the
settlement of Stock Units credited to a deferred compensation account established for such Participant by the Committee as an entry on the Company’s books; 

 

	 	(ii)	 Have Shares that otherwise would be delivered to such Participant as a result of the exercise of an Option or
SAR converted into an equal number of Stock Units; or 

  

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	 	(iii)	 Have Shares that otherwise would be delivered to such Participant as a result of the exercise of an Option or
SAR or the settlement of Stock Units converted into amounts credited to a deferred compensation account established for such Participant by the Committee as an entry on the Company’s books. Such amounts shall be determined by reference to the
Fair Market Value of such Shares as of the date when they otherwise would have been delivered to such Participant. 

 (b)
General Rules. A deferred compensation account established under this Section 13 may be credited with interest or other forms of investment return, as determined by the Committee. A Participant for whom such an account is
established shall have no rights other than those of a general creditor of the Company. Such an account shall represent an unfunded and unsecured obligation of the Company and shall be subject to the terms and conditions of the applicable agreement
between such Participant and the Company. If the deferral or conversion of Awards is permitted or required, the Committee (in its sole discretion) may establish rules, procedures, and forms pertaining to such Awards, including (without limitation)
the settlement of deferred compensation accounts established under this Section 13. 
 SECTION 14. AWARDS UNDER OTHER PLANS. 

The Company may grant awards under other plans or programs. Such awards may be settled in the form of Shares issued under the Plan. Such Shares
shall be treated for all purposes under the Plan like Shares issued in settlement of Stock Units and shall, when issued, reduce the number of Shares available under Section 5. 

SECTION 15. PAYMENT OF DIRECTOR’S FEES IN SECURITIES. 

(a) Effective Date. No provision of this Section 15 shall be effective unless and until the Board has determined to implement such
provision. 
 (b) Elections to Receive NSOs, SARs, Restricted Shares, or Stock Units. An Outside Director may elect to receive his or
her annual retainer payments and/or meeting fees from the Company in the form of cash, NSOs, SARs, Restricted Shares, Stock Units, or a combination thereof, as determined by the Board. Alternatively, the Board may mandate payment in any of such
alternative forms. Such NSOs, SARs, Restricted Shares, and Stock Units shall be issued under the Plan. An election under this Section 15 shall be filed with the Company on the prescribed form. 

(c) Number and Terms of NSOs, SARs, Restricted Shares or Stock Units. The number of NSOs, SARs, Restricted Shares, or Stock Units to be
granted to Outside Directors in lieu of annual retainers and meeting fees that would otherwise be paid in cash shall be calculated in a manner determined by the Board. The terms of such NSOs, SARs, Restricted Shares, or Stock Units shall also be
determined by the Board. 
  
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 SECTION 16. LEGAL AND REGULATORY REQUIREMENTS. 

Shares shall not be issued under the Plan unless the issuance and delivery of such Shares complies with (or is exempt from) all applicable
requirements of law, including (without limitation) the Securities Act, state securities laws and regulations and the regulations of any stock exchange on which the Company’s securities may then be listed, and the Company has obtained the
approval or favorable ruling from any governmental agency which the Company determines is necessary or advisable. The Company shall not be liable to a Participant or other persons as to: (a) the
non-issuance or sale of Shares as to which the Company has not obtained from any regulatory body having jurisdiction the authority deemed by the Company’s counsel to be necessary to the lawful issuance
and sale of any Shares under the Plan; and (b) any tax consequences expected, but not realized, by any Participant or other person due to the receipt, exercise or settlement of any Award granted under the Plan. 

SECTION 17. TAXES. 
 (a)
Withholding Taxes. To the extent required by applicable federal, state, local, or foreign law, a Participant or his or her successor shall make arrangements satisfactory to the Company for the satisfaction of any withholding tax obligations
that arise in connection with the Plan. The Company shall not be required to issue any Shares or make any cash payment under the Plan until such obligations are satisfied. 

(b) Share Withholding. The Committee may permit a Participant to satisfy all or part of his or her withholding or income tax obligations
by having the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Shares that he or she previously acquired. Such Shares shall be valued at their Fair Market Value
on the date when taxes otherwise would be withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to satisfy the maximum legally required tax withholding.

 (c) Section 409A. Each Award that provides for “nonqualified deferred compensation” within the meaning of
Section 409A shall be subject to such additional rules and requirements as specified by the Committee from time to time in order to comply with Section 409A. If any amount under such an Award is payable upon a “separation from
service” (within the meaning of Section 409A) to a Participant who is then considered a “specified employee” (within the meaning of Section 409A), then no such payment shall be made prior to the date that is the earlier of
(i) six (6) months and one day after the Participant’s separation from service, or (ii) the Participant’s death, but only to the extent such delay is necessary to prevent such payment from being subject to interest, penalties,
and/or additional tax imposed pursuant to Section 409A. In addition, the settlement of any such Award may not be accelerated except to the extent permitted by Section 409A. 

 
 COURSERA, INC. 

2021 STOCK INCENTIVE PLAN 

  
 19 

 SECTION 18. TRANSFERABILITY. 

Unless the agreement evidencing an Award (or an amendment thereto authorized by the Committee) expressly provides otherwise, no Award granted
under the Plan, nor any interest in such Award, may be sold, assigned, conveyed, gifted, pledged, hypothecated, or otherwise transferred in any manner (prior to the vesting and lapse of any and all restrictions applicable to Shares issued under such
Award), other than by will or the laws of descent and distribution; provided, however, that an ISO may be transferred or assigned only to the extent consistent with Section 422 of the Code. Any purported assignment, transfer, or encumbrance in
violation of this Section 18 shall be void and unenforceable against the Company. 
 SECTION 19. PERFORMANCE BASED AWARDS. 

The number of Shares or other benefits granted, issued, retained, and/or vested under an Award may be made subject to the attainment of
performance goals. The Committee may utilize any performance criteria selected by it in its sole discretion to establish performance goals. 

SECTION 20. NO EMPLOYMENT RIGHTS. 

No provision of the Plan, nor any Award granted under the Plan, shall be construed to give any person any right to become, to be treated as, or
to remain an Employee or Consultant. The Company and its Subsidiaries reserve the right to terminate any person’s Service at any time and for any reason, with or without notice. 

SECTION 21. DURATION AND AMENDMENTS. 

(a) Term of the Plan. The Plan, as set forth herein, shall come into existence on the date of its adoption by the Board; provided,
however, that no Award may be granted hereunder prior to the Effective Date. The Board may suspend or terminate the Plan at any time. No ISOs may be granted after the tenth anniversary of the earlier of (i) the date the Plan is adopted by the
Board, or (ii) the date the Plan is approved the stockholders of the Company. 
 (b) Right to Amend the Plan. The Board may
amend the Plan at any time and from time to time. Rights and obligations under any Award granted before amendment of the Plan shall not be materially impaired by such amendment, except with consent of the Participant. An amendment of the Plan shall
be subject to the approval of the Company’s stockholders only to the extent required by applicable laws, regulations or rules. 
 (c)
Effect of Termination. No Awards shall be granted under the Plan after the termination thereof. The termination of the Plan shall not affect Awards previously granted under the Plan. 

SECTION 22. AWARDS TO NON-U.S. PARTICIPANTS. 

Awards may be granted to Participants who are non-United States nationals or employed or providing
services outside the United States, or both, on such terms and conditions different from those applicable to Awards to Participants who are employed or providing services in the United States as may, in the judgment of the Committee, be necessary or
desirable to recognize differences in local law, tax policy, or custom. The Committee also may impose conditions on the exercise, vesting, or settlement of Awards in order to minimize the Company’s obligation with respect to tax equalization
for Participants on assignments outside their home country. 
  

COURSERA, INC. 
 2021 STOCK
INCENTIVE PLAN 

  
 20 

 SECTION 23. GOVERNING LAW. 

The Plan and each Award Agreement shall be governed by the laws of the State of Delaware, without application of the conflicts of law
principles thereof. 
 SECTION 24. SUCCESSORS AND ASSIGNS. 

The terms of the Plan shall be binding upon and inure to the benefit of the Company and any successor entity, including any successor entity
contemplated by Section 12(c). 
 SECTION 25. EXECUTION. 

To record the adoption of the Plan by the Board, the Company has caused its authorized officer to execute the same. 

 

			
	 COURSERA,
INC.

 
			
		
	 By:
	 	  

	 Name:

	 Title:

  
 COURSERA, INC. 

2021 STOCK INCENTIVE PLAN 

  
 21 

 COURSERA, INC. 

2021 STOCK INCENTIVE PLAN 

NOTICE OF STOCK OPTION GRANT 

You have been granted the following Option (this “Option” or this “Award”) to purchase shares of Common
Stock (“Stock”) of Coursera, Inc. (the “Company”) under the Coursera, Inc. 2021 Stock Incentive Plan (as may be amended from time to time, the “Plan”): 

 

			
	Name of Optionee:	  	[Name of Optionee]
		
	Grant Date:	  	[Date of Grant]
		
	Total Number of Shares Subject to Option:	  	[Total Shares]
		
	Type of Option:	  	 ☐   Incentive Stock Option

 
 ☐   Nonstatutory Stock
Option

		
	Exercise Price Per Share:	  	$[Exercise Price]
		
	Vesting Commencement Date:	  	[Vesting Commencement Date]
		
	Vesting Schedule:	  	[This Option becomes exercisable when you complete [●] months of continuous Service as an Employee or a Consultant from the Vesting Commencement Date. Actual vesting schedule to be inserted.]
		
	Expiration Date:	  	[Expiration Date] This Option expires earlier if your Service terminates earlier, as described in the Stock Option Agreement.

 By your written signature below (or your electronic acceptance) and the signature of the Company’s
representative below, you and the Company agree that this Option is granted under and governed by the term and conditions of the Plan and the Stock Option Agreement (this “Agreement”), both of which are attached to and made a part of this
document. 
 By your written signature below (or your electronic acceptance), you further agree that the Company may deliver by e-mail all documents relating to the Plan or this Award (including without limitation, prospectuses required by the Securities and Exchange Commission) and all other documents that the Company is required to deliver
to its security holders (including without limitation, annual reports and proxy statements). You also agree that the Company may deliver these documents by posting them on a website maintained by the Company or by a third party under contract with
the Company. If the Company posts these documents on a website, it will notify you by e-mail. Should you electronically accept this Agreement, you agree to the following: “This electronic contract
contains my electronic signature, which I have executed with the intent to sign this Agreement.” 

  
 1 

							
	OPTIONEE	 		 	COURSERA, INC.

							
				
	  
	 		 	By:	 	  

	Optionee’s Signature	 		 	Name:	 	  

	  
	 		 	Title:	 	  

	Optionee’s Printed Name	 		 		 	

  
 2 

 COURSERA, INC. 

2021 STOCK INCENTIVE PLAN 

STOCK OPTION AGREEMENT 
  

			
	The Plan and Other Agreements	  	 The Option that you are receiving is granted pursuant and subject in all respects to the applicable provisions of the Plan, which is
incorporated herein by reference. Capitalized terms not defined in this Agreement will have the meanings ascribed to them in the Plan.
  

The attached Notice, this Agreement and the Plan constitute the entire understanding between you and the Company regarding this Award. Any prior agreements,
commitments or negotiations concerning this Option are superseded. This Agreement may be amended by the Committee without your consent; however, if any such amendment would materially impair your rights or obligations under this Agreement, this
Agreement may be amended only by another written agreement, signed by you and the Company.

		
	Tax Treatment	  	This Option is intended to be an incentive stock option under Section 422 of the Code or a nonstatutory option, as provided in the Notice of Stock Option Grant. Even if this Option is designated as an incentive stock option, it
will be deemed to be a nonstatutory option to the extent required by the $100,000 annual limitation under Section 422(d) of the Code.
		
	Vesting	  	This Option becomes exercisable in installments, as shown in the Notice of Stock Option Grant. This Option will in no event become exercisable for additional Shares after your Service as an Employee or a Consultant has terminated
for any reason.
		
	Term	  	This Option expires in any event at the close of business at Company headquarters on the day before the tenth (10th) anniversary of the Grant Date, as shown on the Notice of Stock Option Grant fifth (5th) anniversary for a more than
ten percent (10%) shareholder as provided under the Plan if this is an incentive stock option). This Option may expire earlier if your Service terminates, as described below.
		
	Regular Termination	  	If your Service terminates for any reason except due to your death or Disability, then this Option will expire at the close of business at Company headquarters on the date three (3) months after the date your Service terminates
(or, if earlier, the Expiration Date). The Company determines when your Service terminates for this purpose and all purposes under the Plan and its determinations are conclusive and binding on all persons.
		
	Death	  	If your Service terminates because of your death, then this Option will expire at the close of business at Company headquarters on the date twelve (12) months after the date your Service terminates (or, if earlier, the
Expiration Date). During that period of up to twelve (12) months, your estate or heirs may exercise this Option.

  
 3 

			
	Disability	  	If your Service terminates because of your Disability, then this Option will expire at the close of business at Company headquarters on the date twelve (12) months after the date your Service terminates (or, if earlier, the
Expiration Date).
		
	Leaves of Absence	  	 For purposes of this Option, your Service does not terminate when you go on a military leave, a sick leave or another bona fide leave
of absence, if the leave of absence was approved by the Company in writing and if continued crediting of Service is required by the terms of the leave or by applicable law. But your Service terminates when the approved leave ends, unless you
immediately return to active work.
  
 If you go on a leave of absence, then the vesting
schedule specified in the Notice of Stock Option Grant may be adjusted in accordance with the Company’s leave of absence policy or the terms of your leave. If you commence working on a part-time basis, then the vesting schedule specified in the
Notice of Stock Option Grant may be adjusted in accordance with the Company’s part-time work policy or the terms of an agreement between you and the Company pertaining to your part-time schedule.

		
	Restrictions on Exercise	  	The Company will not permit you to exercise this Option if the issuance of Shares at that time would violate any law or regulation. The inability of the Company to obtain approval from any regulatory body having authority deemed by
the Company to be necessary to the lawful issuance and sale of the Stock pursuant to this Option will relieve the Company of any liability with respect to the non-issuance or sale of the Stock as to which such
approval will not have been obtained.
		
	Notice of Exercise	  	When you wish to exercise this Option you must provide a written or electronic notice of exercise form (substantially in the form attached to this Agreement as Exhibit A) in accordance with such procedures as are established
by the Company and communicated to you from time to time. Any notice of exercise must specify how many Shares you wish to purchase and how your Shares should be registered. The notice of exercise will be effective when it is received by the Company.
If someone else wants to exercise this Option after your death, that person must prove to the Company’s satisfaction that he or she is entitled to do so.

  
 4 

			
	Form of Payment	  	 When you submit your notice of exercise, you must include payment of the Option exercise price for the Shares you are purchasing. Payment may
be made in the following form(s):
  

•  Your personal check, a cashier’s check, a money order or a wire transfer.

 
 •  Certificates for Shares that
you own, along with any forms needed to effect a transfer of those Shares to the Company. The value of the Shares, determined as of the effective date of the Option exercise, will be applied to the Option exercise price. Instead of surrendering
Shares, you may attest to the ownership of those Shares on a form provided by the Company and have the same number of Shares subtracted from the Shares issued to you upon exercise of this Option. However, you may not surrender or attest to the
ownership of Shares in payment of the exercise price if your action would cause the Company to recognize a compensation expense (or additional compensation expense) with respect to this Option for financial reporting purposes.

 
 •  By delivery on a form
approved by the Company of an irrevocable direction to a securities broker approved by the Company to sell all or part of the Shares that are issued to you when you exercise this Option and to deliver to the Company from the sale proceeds an amount
sufficient to pay the Option exercise price and any withholding taxes. The balance of the sale proceeds, if any, will be delivered to you. The directions must be given by providing a notice of exercise form approved by the Company.

 
 •  By delivery on a form
approved by the Company of an irrevocable direction to a securities broker or lender approved by the Company to pledge Shares that are issued to you when you exercise this Option as security for a loan and to deliver to the Company from the loan
proceeds an amount sufficient to pay the Option exercise price and any withholding taxes. The directions must be given by providing a notice of exercise form approved by the Company.

 
 •  If permitted by the
Committee, by a “net exercise” arrangement pursuant to which the number of Shares issuable upon exercise of the Option will be reduced by the largest whole number of Shares having an aggregate Fair Market Value that does not exceed
the aggregate exercise price (plus tax withholdings, if applicable) and any remaining balance of the aggregate exercise price (and/or applicable tax withholdings) not satisfied by such reduction in the number of whole Shares to be issued will be
paid by you in cash other form of payment permitted under this Option. The directions must be given by providing a notice of exercise form approved by the Company.
  

•  Any other form permitted by the Committee in its sole
discretion.

  
 5 

			
		  	  
 Notwithstanding the foregoing, payment may not be made in any form
that is unlawful, as determined by the Committee in its sole discretion.

		
	Withholding Taxes and Stock Withholding	  	 Regardless of any action the Company and/or the Subsidiary or Affiliate employing you (“Employer”) takes with respect to any
or all income tax, social insurance, payroll tax, payment on account or other tax-related withholding (“Tax-Related Items”), you acknowledge that the
ultimate liability for all Tax-Related Items legally due by you is and remains your responsibility and that the Company and/or your Employer (1) make no representations or undertakings regarding the
treatment of any Tax-Related Items in connection with any aspect of this Option grant, including the grant, vesting or exercise of this Option, the subsequent sale of Shares acquired pursuant to such exercise
and the receipt of any dividends; and (2) do not commit to structure the terms of the grant or any aspect of this Option to reduce or eliminate your liability for Tax-Related Items.

 
 Prior to exercise of this Option, you will pay or make adequate arrangements
satisfactory to the Company and/or your Employer to satisfy all withholding and payment on account obligations of the Company and/or your Employer. In this regard, you authorize the Company and/or your Employer to withhold all applicable Tax-Related Items legally payable by you from your wages or other cash compensation paid to you by the Company and/or your Employer. With the Company’s consent, these arrangements may also include, if
permissible under local law, (a) withholding Shares that otherwise would be issued to you when you exercise this Option, provided that the Company only withholds the amount of Shares necessary to satisfy the maximum legally required tax
withholding, (b) having the Company withhold taxes from the proceeds of the sale of the Shares, either through a voluntary sale or through a mandatory sale arranged by the Company (on your behalf pursuant to this authorization), or (c) any
other arrangement approved by the Committee. The Fair Market Value of the Shares, determined as of the effective date of the Option exercise, will be applied as a credit against the withholding taxes. Finally, you will pay to the Company or your
Employer any amount of Tax-Related Items that the Company or your Employer may be required to withhold as a result of your participation in the Plan or your purchase of Shares that cannot be satisfied by the
means previously described. The Company may refuse to honor the exercise and refuse to deliver the Shares if you fail to comply with your obligations in connection with the Tax-Related Items as described in
this section.

  
 6 

			
	Restrictions on Resale	  	You agree not to sell any Shares at a time when applicable laws, Company policies or an agreement between the Company and its underwriters prohibit a sale. This restriction will apply as long as your Service continues and for such
period of time after the termination of your Service as the Company may specify.
		
	Transfer of Option	  	 In general, only you can exercise this Option prior to your death. You may not sell, transfer, assign, pledge or otherwise dispose of this
Option, other than as designated by you, by will or by the laws of descent and distribution, except as provided below. For instance, you may not use this Option as security for a loan. If you attempt to do any of these things, this Option will
immediately become invalid. You may in any event dispose of this Option in your will. Regardless of any marital property settlement agreement, the Company is not obligated to honor a notice of exercise from your former spouse, nor is the Company
obligated to recognize your former spouse’s interest in this Option in any other way.
  

However, if this Option is designated as a nonstatutory stock option in the Notice of Stock Option Grant, then the Committee may, in its sole discretion, allow
you to transfer this Option as a gift to one or more family members. For purposes of this Agreement, “family member” means a child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece,
nephew, mother-in-law, father-in-law, son-in-law,
daughter-in-law, brother-in-law, or sister-in-law (including adoptive relationships), any individual sharing your household (other than a tenant or employee), a trust in which one or more of these individuals have more than fifty percent (50%)
of the beneficial interest, a foundation in which you or one or more of these persons control the management of assets, and any entity in which you or one or more of these persons own more than fifty percent (50%) of the voting interest.

 
 In addition, if this Option is designated as a nonstatutory stock option in the Notice
of Stock Option Grant, then the Committee may, in its sole discretion, allow you to transfer this Option to your spouse or former spouse pursuant to a domestic relations order in settlement of marital property rights.

 
 The Committee will allow you to transfer this Option only if both you and the
transferee(s) execute the forms prescribed by the Committee, which include the consent of the transferee(s) to be bound by this Agreement.

  
 7 

			
	Retention Rights	  	Neither this Option nor this Agreement gives you the right to be employed or retained by the Company or any Subsidiary or Affiliate of the Company in any capacity. The Company and its Subsidiaries and Affiliates reserve the right to
terminate your Service at any time, with or without cause.
		
	Shareholder Rights	  	This Option carries neither voting rights nor rights to dividends. You, or your estate or heirs, have no rights as a shareholder of the Company unless and until you have exercised this Option by giving the required notice to the
Company and paying the exercise price. No adjustments will be made for dividends or other rights if the applicable record date occurs before you exercise this Option, except as described in the Plan.
		
	Adjustments	  	The number of Shares covered by this Option and the exercise price per Share will be subject to adjustment in the event of a stock split, a stock dividend or a similar change in Company Shares, and in other circumstances, as set
forth in the Plan. The forfeiture provisions and restrictions described above will apply to all new, substitute or additional stock options or securities to which you are entitled by reason of this Award.
		
	Successors and Assigns	  	Except as otherwise provided in the Plan or this Agreement, every term of this Agreement will be binding upon and inure to the benefit of the parties hereto and their respective heirs, legatees, legal representatives, successors,
transferees and assigns.
		
	Notice	  	Any notice required or permitted under this Agreement will be given in writing and will be deemed effectively given upon the earliest of personal delivery, receipt or the third (3rd) full day following mailing with postage and fees
prepaid, addressed to the other party hereto at the address last known in the Company’s records or at such other address as such party may designate by ten (10) days’ advance written notice to the other party hereto.
		
	Section 409A of the Code	  	To the extent this Agreement is subject to, and not exempt from, Section 409A of the Code, this Agreement is intended to comply with Section 409A, and its provisions will be interpreted in a manner consistent with such
intent. You acknowledge and agree that changes may be made to this Agreement to avoid adverse tax consequences to you under Section 409A.

  
 8 

			
	Applicable Law and Choice of Venue	  	 This Agreement will be interpreted and enforced under the laws of the State of Delaware without application of the conflicts of law
principles thereof.
  
 For purposes of litigating any dispute that arises directly or
indirectly from the relationship of the parties evidenced by this Award or this Agreement, the parties hereby submit to and consent to the exclusive jurisdiction of the State of California and agree that any such litigation will be conducted only in
the courts of California, or the federal courts of the United States located in California and no other courts.

		
	Miscellaneous	  	 You understand and acknowledge that (1) the Plan is entirely discretionary, (2) the Company and your Employer have reserved the
right to amend, suspend or terminate the Plan at any time, (3) the grant of this Option does not in any way create any contractual or other right to receive additional grants of options (or benefits in lieu of options) at any time or in any
amount and (4) all determinations with respect to any additional grants, including (without limitation) the times when options will be granted, the number of Shares subject to awards, the exercise price and the vesting schedule, will be at the
sole discretion of the Company.
  
 The value of this Option will be an extraordinary
item of compensation outside the scope of your employment contract, if any, and will not be considered a part of your normal or expected compensation for purposes of calculating severance, resignation, redundancy or end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments.
  

You understand and acknowledge that participation in the Plan ceases upon termination of your Service for any reason, except as may explicitly be provided
otherwise in the Plan or this Agreement.
  
 You hereby authorize and direct your
Employer to disclose to the Company or any Subsidiary or Affiliate any information regarding your employment, the nature and amount of your compensation and the fact and conditions of your participation in the Plan, as your Employer deems necessary
or appropriate to facilitate the administration of the Plan.

  
 9 

			
		  	You consent to the collection, use and transfer of personal data as described in this subsection. You understand and acknowledge that the Company, your Employer and the Company’s other Subsidiaries and Affiliates hold certain
personal information regarding you for the purpose of managing and administering the Plan, including (without limitation) your name, home address, telephone number, date of birth, social insurance or other government identification number, salary,
nationality, job title, any Shares or directorships held in the Company and details of all options or any other entitlements to Shares awarded, canceled, exercised, vested, unvested or outstanding in your favor (the “Data”). You
further understand and acknowledge that the Company, its Subsidiaries and/or its Affiliates will transfer Data among themselves as necessary for the purpose of implementation, administration and management of your participation in the Plan and that
the Company and/or any Subsidiary may each further transfer Data to any third party assisting the Company in the implementation, administration and management of the Plan. You understand and acknowledge that the recipients of Data may be located in
the United States or elsewhere, and that the laws of a recipient’s country of operation (e.g., the United States) may not have equivalent privacy protections as local laws where you reside or work. You authorize such recipients to receive,
possess, use, retain and transfer Data, in electronic or other form, for the purpose of administering your participation in the Plan, including a transfer to any broker or other third party with whom you elect to deposit Shares acquired under the
Plan of such Data as may be required for the administration of the Plan and/or the subsequent holding of Shares on your behalf. You may, at any time, view the Data, require any necessary modifications of Data, make inquiries about the treatment of
Data or withdraw the consents set forth in this subsection by contacting the Human Resources Department of the Company in writing.

 BY SIGNING THE COVER SHEET OF THIS AGREEMENT, YOU AGREE TO ALL 

OF THE TERMS AND CONDITIONS DESCRIBED ABOVE AND IN THE PLAN. 

  
 10 

 EXHIBIT A 

COURSERA, INC. 
 2021
STOCK INCENTIVE PLAN 
 NOTICE OF EXERCISE OF STOCK OPTION 

 

	
	OPTIONEE INFORMATION:

  

			
	Name:	 	  

		
	Social Security Number:	 	  

		
	Employee Number:	 	  

		
	Address:	 	  

		
		 	  

  

	
	OPTION INFORMATION:

  

			
	Grant Date:	  	  

		
	Exercise Price per Share:	  	 $

		
	Total Number of Shares of Coursera, Inc. (the “Company”) Covered by Option:	  	  

		
		  	
		
	Type of Stock Option:	  	☐ Nonstatutory (NSO)
		
		  	 ☐ Incentive (ISO)

		
	Number of Shares of the Company for which Option is Being Exercised Now:	  	 (“Purchased Shares”)

		
	Total Exercise Price for the Purchased Shares:	  	 $

		
	Form of Payment:	  	 ☐ Cash or Check for $
 payable to
“Coursera, Inc.”
 ☐ Cashless exercise

☐ Net exercise

		
	Name(s) in which the Purchased Shares should be Registered:	  	  

		
	The Certificate for the Purchased Shares (if any) should be sent to the Following Address:	  	  

 ACKNOWLEDGMENTS: 
  

	1.	 I understand that all sales of Purchased Shares are subject to compliance with the Company’s policy on
securities trades. 

  
 A-1 

	2.	 I hereby acknowledge that I received and read a copy of the prospectus describing the Coursera, Inc. 2021 Stock
Incentive Plan and the tax consequences of an exercise. 

  

	3.	 In the case of a nonstatutory option, I understand that I must recognize ordinary income equal to the spread
between the fair market value of the Purchased Shares on the date of exercise and the exercise price. I further understand that I am required to pay withholding taxes at the time of exercising a nonstatutory option. 

 

	4.	 In the case of an incentive stock option, I agree to notify the Company if I dispose of the Purchased Shares
before I have met both of the tax holding periods applicable to incentive stock options (that is, if I dispose of the Purchased Shares prior to the date that is two (2) years after the Grant Date and one (1) year after the date the option
was exercised). 

 SIGNATURE AND DATE: 

                          
                                         
                             , 20 

  
 A-2 

 COURSERA, INC. 

2021 STOCK INCENTIVE PLAN 

NOTICE OF RESTRICTED STOCK UNIT AWARD 

You have been granted the following Restricted Stock Units (the “Restricted Stock Units”, “RSUs” or this
“Award”) representing shares of Common Stock of Coursera, Inc. (the “Company”) under the Coursera, Inc. 2021 Stock Incentive Plan (as may be amended from time to time, the “Plan”): 

 

			
	Name of Recipient:	  	[Name of Recipient]
		
	Grant Date:	  	[Date of Grant]
		
	Total Number of Shares Subject to Restricted Stock Units:	  	[Total Shares]
		
	Vesting Commencement Date:	  	[Vesting Commencement Date]
		
	Vesting Schedule:	  	[The RSUs vest when you complete [●] months of continuous Service as an Employee or a Consultant from the Vesting Commencement Date. Actual vesting schedule to be inserted.]

 By your written signature below (or your electronic acceptance) and the signature of the Company’s
representative below, you and the Company agree that the RSUs are granted under and governed by the term and conditions of the Plan and the Restricted Stock Unit Agreement (this “Agreement”), both of which are attached to and made a part
of this document. 
 By your written signature below (or your electronic acceptance), you further agree that the Company may deliver
by e-mail all documents relating to the Plan or this Award (including without limitation, prospectuses required by the Securities and Exchange Commission) and all other documents that the Company is required
to deliver to its security holders (including without limitation, annual reports and proxy statements). You also agree that the Company may deliver these documents by posting them on a website maintained by the Company or by a third party under
contract with the Company. If the Company posts these documents on a website, it will notify you by e-mail. Should you electronically accept this Agreement, you agree to the following: “This electronic
contract contains my electronic signature, which I have executed with the intent to sign this Agreement.” 
  

							
	RECIPIENT	 		 	COURSERA, INC.
				
	  
	 		 	By:	 	  

	Recipient’s Signature	 		 	Name:	 	  

	  
	 		 	Title:	 	  

	Recipient’s Printed Name	 		 		 	

 COURSERA, INC. 

2021 STOCK INCENTIVE PLAN 

RESTRICTED STOCK UNIT AGREEMENT 
  

			
	The Plan and Other Agreements	  	 The RSUs that you are receiving are granted pursuant and subject in all respects to the applicable provisions of the Plan, which is
incorporated herein by reference. Capitalized terms not defined in this Agreement will have the meanings ascribed to them in the Plan.
  

The attached Notice, this Agreement and the Plan constitute the entire understanding between you and the Company regarding this Award. Any prior agreements,
commitments or negotiations concerning this Award are superseded. This Agreement may be amended by the Committee without your consent; however, if any such amendment would materially impair your rights or obligations under this Agreement, this
Agreement may be amended only by another written agreement, signed by you and the Company.

		
	Payment for RSUs	  	No cash payment is required for the RSUs you receive. You are receiving the RSUs in consideration for Services rendered by you.
		
	Vesting	  	The RSUs that you are receiving will vest in installments, as shown in the Notice of RSU Award. No additional RSUs vest after your Service as an Employee or a Consultant has terminated for any reason.
		
	Forfeiture	  	If your Service terminates for any reason, then this Award expires immediately as to the number of RSUs that have not vested before the termination date and do not vest as a result of termination. This means that the unvested RSUs
will immediately be cancelled. You receive no payment for RSUs that are forfeited. The Company determines when your Service terminates for this purpose and all purposes under the Plan and its determinations are conclusive and binding on all
persons.
		
	Leaves of Absence	  	For purposes of this Award, your Service does not terminate when you go on a military leave, a sick leave or another bona fide leave of absence, if the leave of absence was approved by the Company in writing and if continued
crediting of Service is required by the terms of the leave or by applicable law. But your Service terminates when the approved leave ends, unless you immediately return to active work.
		
		  	If you go on a leave of absence, then the vesting schedule specified in the Notice of Restricted Stock Unit Award may be adjusted in accordance with the Company’s leave of absence policy or the terms of your leave. If you
commence working on a part-time basis, then the vesting schedule specified in the Notice of Restricted Stock Unit Award may be adjusted in accordance with the Company’s part-time work policy or the terms of an agreement between you and the
Company pertaining to your part-time schedule.

  
 2 

			
	Nature of RSUs	  	Your RSUs are mere bookkeeping entries. They represent only the Company’s unfunded and unsecured promise to issue Shares on a future date. As a holder of RSUs, you have no rights other than the rights of a general creditor of
the Company.
		
	No Voting Rights or Dividends	  	Your RSUs carry neither voting rights nor rights to dividends. You, or your estate or heirs, have no rights as a stockholder of the Company unless and until your RSUs are settled by issuing Shares. No adjustments will be made for
dividends or other rights if the applicable record date occurs before your Shares are issued, except as described in the Plan.
		
	RSUs Nontransferable	  	You may not sell, transfer, assign, pledge or otherwise dispose of any RSUs. For instance, you may not use your RSUs as security for a loan. If you attempt to do any of these things, your RSUs will immediately become
invalid.
		
	Settlement of RSUs	  	 Each of your vested RSUs will be settled when it vests; provided, however, that if the Committee requires you to pay withholding taxes
through a sale of Shares, settlement of each RSU may be deferred to the first permissible trading day for the Shares, if later than the applicable vesting date.
  

Under no circumstances may your RSUs be settled later than two and one-half
(2-1/2) months following the calendar year in which the applicable vesting date occurs.
  

For purposes of this Agreement, “permissible trading day” means a day that satisfies all of the following requirements: (1) the exchange on
which the Shares are traded is open for trading on that day; (2) you are permitted to sell Shares on that day without incurring liability under Section 16(b) of the Exchange Act; (3) either (a) you are not in possession of material non-public information that would make it illegal for you to sell Shares on that day under Rule 10b-5 under the Exchange Act or (b) Rule
10b5-1 under the Exchange Act would apply to the sale; (4) you are permitted to sell Shares on that day under such written insider trading policy as may have been adopted by the Company; and (5) you
are not prohibited from selling Shares on that day by a written agreement between you and the Company or a third party.
  

At the time of settlement, you will receive one Share for each vested RSU; provided, however, that no fractional Shares will be issued or delivered pursuant to
the Plan or this Agreement, and the Committee will determine whether cash will be paid in lieu of any fractional Share or whether such fractional Share and any rights thereto will be canceled, terminated or otherwise eliminated. In addition, the
Shares are issued to you subject to the condition that the issuance of the Shares not violate any law or regulation.

  
 3 

			
	Withholding Taxes and Stock Withholding	  	 Regardless of any action the Company and/or the Subsidiary or Affiliate employing you (“Employer”) takes with respect to any
or all income tax, social insurance, payroll tax, payment on account or other tax-related withholding (“Tax-Related Items”), you acknowledge that the
ultimate liability for all Tax-Related Items legally due by you is and remains your responsibility and that the Company and/or your Employer (1) make no representations or undertakings regarding the
treatment of any Tax-Related Items in connection with any aspect of this Award, including the award, vesting or settlement of the RSUs, the subsequent sale of Shares acquired pursuant to settlement and the
receipt of any dividends; and (2) do not commit to structure the terms of the award or any aspect of the RSUs to reduce or eliminate your liability for Tax-Related Items.

 
 Prior to the settlement of the RSUs, you shall pay or make adequate arrangements
satisfactory to the Company and/or the Employer to satisfy all withholding and payment on account obligations of the Company and/or your Employer. In this regard, you authorize the Company and/or your Employer to withhold all applicable Tax-Related Items legally payable by you from your wages or other cash compensation paid to you by the Company and/or your Employer.
  

Unless an alternative arrangement satisfactory to the Committee has been provided prior to the vesting date, the default method for paying withholding taxes is
withholding Shares that otherwise would be issued to you when the RSUs are settled, provided that the Company only withholds Shares having a Fair Market Value equal to the amount necessary to satisfy the maximum legally required tax withholding.

 
 The Committee may also require the withholding of taxes from the proceeds of the sale of
the Shares, either through a voluntary sale or through a mandatory sale arranged by the Company (on your behalf pursuant to this authorization), or any other arrangement approved by the Committee.

 
 The Fair Market Value of the Shares, determined as of the effective date when taxes
otherwise would have been withheld in cash, will be applied as a credit against the withholding taxes. Finally, you will pay to the Company or your Employer any amount of Tax-Related Items that the Company or
your Employer may be required to withhold as a result of your participation in the Plan or your acquisition of Shares that cannot be satisfied by the means previously described. The Company may refuse to deliver the Shares if you fail to comply with
your obligations in connection with the Tax-Related Items as described in this section, and your rights to the Shares will be forfeited if you do not comply with such obligations on or before the date that is
two and one-half (2-1/2) months following the calendar year in which the applicable vesting date for the RSUs
occurs.

  
 4 

			
	Restrictions on Resale	  	You agree not to sell any Shares at a time when applicable laws, Company policies or an agreement between the Company and its underwriters prohibit a sale. This restriction will apply as long as your Service continues and for such
period of time after the termination of your Service as the Company may specify.
		
	No Retention Rights	  	Neither this Award nor this Agreement gives you the right to be employed or retained by the Company or any Subsidiary or Affiliate of the Company in any capacity. The Company and its Subsidiaries and Affiliates reserve the right to
terminate your Service at any time, with or without cause.
		
	Adjustments	  	The number of RSUs covered by this Award will be subject to adjustment in the event of a stock split, a stock dividend or a similar change in Shares, and in other circumstances, as set forth in the Plan. The forfeiture provisions
and restrictions described above will apply to all new, substitute or additional restricted stock units or securities to which you are entitled by reason of this Award.
		
	Successors and Assigns	  	Except as otherwise provided in the Plan or this Agreement, every term of this Agreement will be binding upon and inure to the benefit of the parties hereto and their respective heirs, legatees, legal representatives, successors,
transferees and assigns.
		
	Notice	  	Any notice required or permitted under this Agreement will be given in writing and will be deemed effectively given upon the earliest of personal delivery, receipt or the third (3rd) full day following mailing with postage and fees
prepaid, addressed to the other party hereto at the address last known in the Company’s records or at such other address as such party may designate by ten (10) days’ advance written notice to the other party hereto.
		
	Section 409A of the Code	  	To the extent this Agreement is subject to, and not exempt from, Section 409A of the Code, this Agreement is intended to comply with Section 409A, and its provisions will be interpreted in a manner consistent with such
intent. You acknowledge and agree that changes may be made to this Agreement to avoid adverse tax consequences to you under Section 409A.

  
 5 

			
	Applicable Law and Choice of Venue	  	 This Agreement will be interpreted and enforced under the laws of the State of Delaware without application of the conflicts of law
principles thereof.
  
 For purposes of litigating any dispute that arises directly or
indirectly from the relationship of the parties evidenced by this Award or this Agreement, the parties hereby submit to and consent to the exclusive jurisdiction of the State of California and agree that any such litigation will be conducted only in
the courts of California, or the federal courts of the United States located in California and no other courts.

		
	Miscellaneous	  	 You understand and acknowledge that (1) the Plan is entirely discretionary, (2) the Company and your Employer have reserved the
right to amend, suspend or terminate the Plan at any time, (3) the grant of this Award does not in any way create any contractual or other right to receive additional grants of awards (or benefits in lieu of awards) at any time or in any amount
and (4) all determinations with respect to any additional grants, including (without limitation) the times when awards will be granted, the number of RSUs subject to awards and the vesting schedule, will be at the sole discretion of the
Company.
  
 The value of this Award will be an extraordinary item of compensation
outside the scope of your employment contract, if any, and will not be considered a part of your normal or expected compensation for purposes of calculating severance, resignation, redundancy or end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments.
  

You understand and acknowledge that participation in the Plan ceases upon termination of your Service for any reason, except as may explicitly be provided
otherwise in the Plan or this Agreement.
  
 You hereby authorize and direct your
Employer to disclose to the Company or any Subsidiary or Affiliate any information regarding your employment, the nature and amount of your compensation and the fact and conditions of your participation in the Plan, as your Employer deems necessary
or appropriate to facilitate the administration of the Plan.
  
 You consent to the
collection, use and transfer of personal data as described in this subsection. You understand and acknowledge that the Company, your Employer and the Company’s other Subsidiaries and Affiliates hold certain personal information regarding you
for the purpose of managing and administering the Plan, including (without limitation) your name, home address, telephone number, date of birth, social

  
 6 

			
		  	insurance or other government identification number, salary, nationality, job title, any Shares or directorships held in the Company and details of all awards or any other entitlements to RSUs or Shares awarded, canceled, exercised,
vested, unvested or outstanding in your favor (the “Data”). You further understand and acknowledge that the Company, its Subsidiaries and/or its Affiliates will transfer Data among themselves as necessary for the purpose of
implementation, administration and management of your participation in the Plan and that the Company and/or any Subsidiary may each further transfer Data to any third party assisting the Company in the implementation, administration and management
of the Plan. You understand and acknowledge that the recipients of Data may be located in the United States or elsewhere, and that the laws of a recipient’s country of operation (e.g., the United States) may not have equivalent privacy
protections as local laws where you reside or work. You authorize such recipients to receive, possess, use, retain and transfer Data, in electronic or other form, for the purpose of administering your participation in the Plan, including a transfer
to any broker or other third party with whom you elect to deposit Shares acquired under the Plan of such Data as may be required for the administration of the Plan and/or the subsequent holding of Shares on your behalf. You may, at any time, view
the Data, require any necessary modifications of Data, make inquiries about the treatment of Data or withdraw the consents set forth in this subsection by contacting the Human Resources Department of the Company in writing.

 BY SIGNING THE COVER SHEET OF THIS AGREEMENT, YOU AGREE TO ALL 

OF THE TERMS AND CONDITIONS DESCRIBED ABOVE AND IN THE PLAN. 

  
 7 

 COURSERA, INC. 

2021 STOCK INCENTIVE PLAN 

NOTICE OF RESTRICTED STOCK AWARD 

You have been granted the following restricted shares of Common Stock (the “Restricted Shares” or this
“Award”) of Coursera, Inc. (the “Company”) under the Coursera, Inc. 2021 Stock Incentive Plan (as may be amended from time to time, the “Plan”): 

 

			
	Name of Recipient:	  	[Name of Recipient]
		
	Grant Date:	  	[Date of Grant]
		
	Total Number of Shares Granted:	  	[Total Shares]
		
	Vesting Commencement Date:	  	[Vesting Commencement Date]
		
	Vesting Schedule:	  	[The Restricted Shares vest when you complete [●] months of continuous Service as an Employee or a Consultant from the Vesting Commencement Date. Actual vesting schedule to be inserted.]

 By your written signature below (or your electronic acceptance) and the signature of the Company’s
representative below, you and the Company agree that the Restricted Shares are granted under and governed by the term and conditions of the Plan and the Restricted Stock Agreement (this “Agreement”), both of which are attached to and made
a part of this document. 
 By your written signature below (or your electronic acceptance), you further agree that the Company may
deliver by e-mail all documents relating to the Plan or this Award (including without limitation, prospectuses required by the Securities and Exchange Commission) and all other documents that the Company is
required to deliver to its security holders (including without limitation, annual reports and proxy statements). You also agree that the Company may deliver these documents by posting them on a website maintained by the Company or by a third party
under contract with the Company. If the Company posts these documents on a website, it will notify you by e-mail. Should you electronically accept this Agreement, you agree to the following: “This
electronic contract contains my electronic signature, which I have executed with the intent to sign this Agreement.” 
  

							
	RECIPIENT	 		 	COURSERA, INC.
				
	  
	 		 	By:	 	  

	Recipient’s Signature	 		 	Name:	 	  

	  
	 		 	Title:	 	  

	Recipient’s Printed Name	 		 		 	

 COURSERA, INC. 

2021 STOCK INCENTIVE PLAN 

RESTRICTED STOCK AGREEMENT 
  

			
	The Plan and Other Agreements	  	 The Restricted Shares that you are receiving are granted pursuant and subject in all respects to the applicable provisions of the Plan, which
is incorporated herein by reference. Capitalized terms not defined in this Agreement will have the meanings ascribed to them in the Plan.
  

The attached Notice, this Agreement and the Plan constitute the entire understanding between you and the Company regarding this Award. Any prior agreements,
commitments or negotiations concerning this Award are superseded. This Agreement may be amended by the Committee without your consent; however, if any such amendment would materially impair your rights or obligations under this Agreement, this
Agreement may be amended only by another written agreement, signed by you and the Company.

		
	Payment For Shares	  	No cash payment is required for the Shares you receive. You are receiving the Shares in consideration for Services rendered by you.
		
	Vesting	  	The Shares that you are receiving will vest in installments, as shown in the Notice of Restricted Stock Award. No additional Shares vest after your Service as an Employee or a Consultant has terminated for any reason.
		
	Shares Restricted	  	Unvested Shares will be considered “Restricted Shares.” Except to the extent permitted by the Committee, you may not sell, transfer, assign, pledge or otherwise dispose of Restricted Shares.
		
	Forfeiture	  	If your Service terminates for any reason, then your Shares will be forfeited to the extent that they have not vested before the termination date and do not vest as a result of termination. This means that the Restricted Shares will
immediately revert to the Company. You receive no payment for Restricted Shares that are forfeited. The Company determines when your Service terminates for this purpose and all purposes under the Plan and its determinations are conclusive and
binding on all persons.
		
	Leaves of Absence	  	For purposes of this Award, your Service does not terminate when you go on a military leave, a sick leave or another bona fide leave of absence, if the leave of absence was approved by the Company in writing and if continued
crediting of Service is required by the terms of the leave or by applicable law. But your Service terminates when the approved leave ends, unless you immediately return to active work.

  
 2 

			
		  	If you go on a leave of absence, then the vesting schedule specified in the Notice of Restricted Stock Award may be adjusted in accordance with the Company’s leave of absence policy or the terms of your leave. If you commence
working on a part-time basis, then the vesting schedule specified in the Notice of Restricted Stock Award may be adjusted in accordance with the Company’s part-time work policy or the terms of an agreement between you and the Company pertaining
to your part-time schedule.
		
	Stock Certificates or Book Entry Form	  	The Restricted Shares will be evidenced by either stock certificates or book entries on the Company’s stock transfer records pending expiration of the restrictions thereon. If you are issued certificates for the Restricted
Shares, the certificates will have stamped on them a special legend referring to the forfeiture restrictions. In addition to or in lieu of imposing the legend, the Company may hold the certificates in escrow. As your vested percentage increases, you
may request (at reasonable intervals) that the Company release to you a non-legended certificate for your vested Shares.
		
	Shareholder Rights	  	During the period of time between the Grant Date and the date the Restricted Shares become vested, you will have all the rights of a shareholder with respect to the Restricted Shares except for the right to transfer the Restricted
Shares, as set forth above, and except in the case of any unvested Restricted Shares, you will not be entitled to any dividends or other distributions paid or distributed by the Company in respect of outstanding Shares. Accordingly, you will have
the right to vote the Restricted Shares and to receive any cash dividends paid with respect to the vested Restricted Shares.
		
	Withholding Taxes and Stock Withholding	  	 Regardless of any action the Company and/or the Subsidiary or Affiliate employing you (“Employer”) takes with respect to any
or all income tax, social insurance, payroll tax, payment on account or other tax-related withholding (“Tax-Related Items”), you acknowledge that the
ultimate liability for all Tax-Related Items legally due by you is and remains your responsibility and that the Company and/or your Employer (1) make no representations or undertakings regarding the
treatment of any Tax-Related Items in connection with any aspect of the Shares received under this Award, including the award or vesting of such Shares, the subsequent sale of Shares under this Award and the
receipt of any dividends; and (2) do not commit to structure the terms of the award to reduce or eliminate your liability for Tax-Related Items.

 

  
 3 

			
		  	No stock certificates will be released to you or no notations on any Restricted Shares issued in book-entry form will be removed, as applicable, unless you have paid or made adequate arrangements satisfactory to the Company and/or
your Employer to satisfy all withholding and payment on account obligations of the Company and/or your Employer. In this regard, you authorize the Company and/or your Employer to withhold all applicable
Tax-Related Items legally payable by you from your wages or other cash compensation paid to you by the Company and/or your Employer. With the Company’s consent, these arrangements may also include, if
permissible under local law, (a) withholding Shares that otherwise would be delivered to you when they vest having a Fair Market Value equal to the amount necessary to satisfy the maximum legally required tax withholding, (b) having the
Company withhold taxes from the proceeds of the sale of the Shares, either through a voluntary sale or through a mandatory sale arranged by the Company (on your behalf pursuant to this authorization), or (c) any other arrangement approved by
the Committee. The Fair Market Value of the Shares, determined as of the date when taxes otherwise would have been withheld in cash, will be applied as a credit against the withholding taxes. Finally, you will pay to the Company or your Employer any
amount of Tax-Related Items that the Company or your Employer may be required to withhold as a result of your participation in the Plan or your acquisition of Shares that cannot be satisfied by the means
previously described. The Company may refuse to deliver the Shares if you fail to comply with your obligations in connection with the Tax-Related Items as described in this section.
		
	Restrictions on Resale	  	You agree not to sell any Shares at a time when applicable laws, Company policies or an agreement between the Company and its underwriters prohibit a sale. This restriction will apply as long as your Service continues and for such
period of time after the termination of your Service as the Company may specify.
		
	No Retention Rights	  	Neither this Award nor this Agreement gives you the right to be employed or retained by the Company or any Subsidiary or Affiliate of the Company in any capacity. The Company and its Subsidiaries and Affiliates reserve the right to
terminate your Service at any time, with or without cause.
		
	Adjustments	  	The number of Restricted Shares covered by this Award will be subject to adjustment in the event of a stock split, a stock dividend or a similar change in Shares, and in other circumstances, as set forth in the Plan. The forfeiture
provisions and restrictions described above will apply to all new, substitute or additional restricted shares or securities to which you are entitled by reason of this Award.
		
	Successors and Assigns	  	Except as otherwise provided in the Plan or this Agreement, every term of this Agreement will be binding upon and inure to the benefit of the parties hereto and their respective heirs, legatees, legal representatives, successors,
transferees and assigns.

  
 4 

			
	Notice	  	Any notice required or permitted under this Agreement will be given in writing and will be deemed effectively given upon the earliest of personal delivery, receipt or the third (3rd) full day following mailing with postage and fees
prepaid, addressed to the other party hereto at the address last known in the Company’s records or at such other address as such party may designate by ten (10) days’ advance written notice to the other party hereto.
		
	Applicable Law and Choice of Venue	  	 This Agreement will be interpreted and enforced under the laws of the State of Delaware without application of the conflicts of law
principles thereof.
  
 For purposes of litigating any dispute that arises directly or
indirectly from the relationship of the parties evidenced by this Award or this Agreement, the parties hereby submit to and consent to the exclusive jurisdiction of the State of California and agree that any such litigation will be conducted only in
the courts of California, or the federal courts of the United States located in California and no other courts.

		
	Miscellaneous	  	 You understand and acknowledge that (1) the Plan is entirely discretionary, (2) the Company and your Employer have reserved the
right to amend, suspend or terminate the Plan at any time, (3) the grant of this Award does not in any way create any contractual or other right to receive additional grants of awards (or benefits in lieu of awards) at any time or in any amount
and (4) all determinations with respect to any additional grants, including (without limitation) the times when awards will be granted, the number of Shares subject to awards, the purchase price and the vesting schedule, will be at the sole
discretion of the Company.
  
 The value of this Award will be an extraordinary item of
compensation outside the scope of your employment contract, if any, and will not be considered a part of your normal or expected compensation for purposes of calculating severance, resignation, redundancy or end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments.
  

You understand and acknowledge that participation in the Plan ceases upon termination of your Service for any reason, except as may explicitly be provided
otherwise in the Plan or this Agreement.

  
 5 

			
		  	 You hereby authorize and direct your Employer to disclose to the Company or any Subsidiary or Affiliate any information regarding your
employment, the nature and amount of your compensation and the fact and conditions of your participation in the Plan, as your Employer deems necessary or appropriate to facilitate the administration of the Plan.

 
 You consent to the collection, use and transfer of personal data as described in this
subsection. You understand and acknowledge that the Company, your Employer and the Company’s other Subsidiaries and Affiliates hold certain personal information regarding you for the purpose of managing and administering the Plan, including
(without limitation) your name, home address, telephone number, date of birth, social insurance or other government identification number, salary, nationality, job title, any Shares or directorships held in the Company and details of all awards or
any other entitlements to Shares awarded, canceled, exercised, vested, unvested or outstanding in your favor (the “Data”). You further understand and acknowledge that the Company, its Subsidiaries and/or its Affiliates will transfer
Data among themselves as necessary for the purpose of implementation, administration and management of your participation in the Plan and that the Company and/or any Subsidiary may each further transfer Data to any third party assisting the Company
in the implementation, administration and management of the Plan. You understand and acknowledge that the recipients of Data may be located in the United States or elsewhere, and that the laws of a recipient’s country of operation (e.g., the
United States) may not have equivalent privacy protections as local laws where you reside or work. You authorize such recipients to receive, possess, use, retain and transfer Data, in electronic or other form, for the purpose of administering your
participation in the Plan, including a transfer to any broker or other third party with whom you elect to deposit Shares acquired under the Plan of such Data as may be required for the administration of the Plan and/or the subsequent holding of
Shares on your behalf. You may, at any time, view the Data, require any necessary modifications of Data, make inquiries about the treatment of Data or withdraw the consents set forth in this subsection by contacting the Human Resources Department of
the Company in writing.

 BY SIGNING THE COVER SHEET OF THIS AGREEMENT, YOU AGREE TO ALL 

OF THE TERMS AND CONDITIONS DESCRIBED ABOVE AND IN THE PLAN. 

  
 6EX-10.6

 Exhibit 10.6 

COURSERA, INC. 
 2021
EMPLOYEE STOCK PURCHASE PLAN 
 (Adopted by the Board of Directors on January 5, 2021) 

(Approved by the Stockholders on _______, 2021) 

(Effective on _______, 2021) 
  

 Table of Contents 

 

							
	 	 	 	  	Page	 
	 SECTION 1
	 	Purpose Of The Plan	  	 	1	 
			
	 SECTION 2
	 	Definitions	  	 	1	 
	 (a)
	 	“Board”	  	 	1	 
	 (b)
	 	“Code”	  	 	1	 
	 (c)
	 	“Committee”	  	 	1	 
	 (d)
	 	“Company”	  	 	1	 
	 (e)
	 	“Compensation”	  	 	1	 
	 (f)
	 	“Corporate Reorganization”	  	 	1	 
	 (g)
	 	“Eligible Employee”	  	 	2	 
	 (h)
	 	“Exchange Act”	  	 	2	 
	 (i)
	 	“Fair Market Value”	  	 	2	 
	 (j)
	 	“Offering”	  	 	2	 
	 (k)
	 	“Offering Date”	  	 	2	 
	 (l)
	 	“Offering Period”	  	 	2	 
	 (m)
	 	“Participant”	  	 	2	 
	 (n)
	 	“Participating Company”	  	 	2	 
	 (o)
	 	“Plan”	  	 	3	 
	 (p)
	 	“Plan Account”	  	 	3	 
	 (q)
	 	“Purchase Date”	  	 	3	 
	 (r)
	 	“Purchase Period”	  	 	3	 
	 (s)
	 	“Purchase Price”	  	 	3	 
	 (t)
	 	“Stock”	  	 	3	 
	 (u)
	 	“Subsidiary”	  	 	3	 
			
	 SECTION 3
	 	Administration Of The Plan	  	 	3	 
	 (a)
	 	Administrative Powers and Responsibilities	  	 	3	 
	 (b)
	 	International Administration	  	 	4	 
			
	 SECTION 4
	 	Enrollment And Participation	  	 	4	 
	 (a)
	 	Offering Periods	  	 	4	 
	 (b)
	 	Enrollment	  	 	5	 
	 (c)
	 	Duration of Participation	  	 	5	 
			
	 SECTION 5
	 	Employee Contributions	  	 	5	 
	 (a)
	 	Frequency of Payroll Deductions	  	 	5	 
	 (b)
	 	Amount of Payroll Deductions	  	 	5	 
	 (c)
	 	Changing Withholding Rate	  	 	5	 
	 (d)
	 	Discontinuing Payroll Deductions	  	 	5	 
			
	 SECTION 6
	 	Withdrawal From The Plan	  	 	6	 
	 (a)
	 	Withdrawal	  	 	6	 
	 (b)
	 	Re-enrollment After Withdrawal	  	 	6	 
			
	 SECTION 7
	 	Change In Employment Status	  	 	6	 
	 (a)
	 	Termination of Employment	  	 	6	 
	 (b)
	 	Leave of Absence	  	 	6	 
	 (c)
	 	Death	  	 	6	 

							
			
	 SECTION 8
	 	Plan Accounts and Purchase Of Shares	  	 	6	 
	 (a)
	 	Plan Accounts	  	 	6	 
	 (b)
	 	Purchase Price	  	 	7	 
	 (c)
	 	Number of Shares Purchased	  	 	7	 
	 (d)
	 	Available Shares Insufficient	  	 	7	 
	 (e)
	 	Issuance of Stock	  	 	7	 
	 (f)
	 	Unused Cash Balances	  	 	8	 
	 (g)
	 	Stockholder Approval	  	 	8	 
			
	 SECTION 9
	 	Limitations On Stock Ownership	  	 	8	 
	 (a)
	 	Five Percent Limit	  	 	8	 
	 (b)
	 	Dollar Limit	  	 	8	 
			
	 SECTION 10
	 	Rights Not Transferable	  	 	9	 
			
	 SECTION 11
	 	No Rights As An Employee	  	 	9	 
			
	 SECTION 12
	 	No Rights As A Stockholder	  	 	9	 
			
	 SECTION 13
	 	Securities Law Requirements	  	 	9	 
			
	 SECTION 14
	 	Stock Offered Under The Plan	  	 	10	 
	 (a)
	 	Authorized Shares	  	 	10	 
	 (b)
	 	Antidilution Adjustments	  	 	10	 
	 (c)
	 	Reorganizations	  	 	10	 
			
	 SECTION 15
	 	Amendment Or Discontinuance	  	 	10	 
			
	 SECTION 16
	 	Execution	  	 	10	 

 COURSERA, INC. 

2021 EMPLOYEE STOCK PURCHASE PLAN 

SECTION 1 Purpose of the Plan. 

The Plan was adopted by the Board of Directors on __________, 2021 and is effective on _________, 2021 (the “Effective Date”).
The purpose of the Plan is to provide a broad-based employee benefit to attract the services of new employees, to retain the services of existing employees, and to provide incentives for such individuals to exert maximum efforts toward our success
by purchasing Stock from the Company on favorable terms and to pay for such purchases through payroll deductions. The Plan is intended to qualify under Section 423 of the Code. 

SECTION 2 Definitions. 
 (a)
“Board” means the Board of Directors of the Company, as constituted from time to time. 
 (b) “Code” means
the United States Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated thereunder. 
 (c)
“Committee” means the Leadership Development, Inclusion and Compensation Committee of the Board or such other committee, comprised exclusively of one or more directors of the Company, as may be appointed by the Board from time to
time to administer the Plan. 
 (d) “Company” means Coursera, Inc., a Delaware corporation. 

(e) “Compensation” means, unless provided otherwise by the Committee in the terms and conditions of an Offering, base salary
and wages paid in cash to a Participant by a Participating Company, without reduction for any pre-tax contributions made by the Participant under Sections 401(k) or 125 of the Code. “Compensation”
shall, unless provided otherwise by the Committee in the terms and conditions of an Offering, exclude variable compensation (including commissions, bonuses, incentive compensation, overtime pay and shift premiums), all
non-cash items, moving or relocation allowances, cost-of-living equalization payments, car allowances, tuition reimbursements,
imputed income attributable to cars or life insurance, severance pay, fringe benefits, contributions or benefits received under employee benefit plans, income attributable to the exercise of stock options, and similar items. The Committee shall
determine whether a particular item is included in Compensation. 
 (f) “Corporate Reorganization” means: 

(i) the consummation of a merger or consolidation of the Company with or into another entity, or any other corporate
reorganization; or 
  
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 (ii) the sale, transfer or other disposition of all or substantially all of
the Company’s assets or the complete liquidation or dissolution of the Company. 
 (g) “Eligible Employee” means any
employee of a Participating Company whose customary employment is for more than five (5) months per calendar year and for more than twenty (20) hours per week. 

The foregoing notwithstanding, an individual shall not be considered an Eligible Employee if his or her participation in the Plan is prohibited
by the law of any country which has jurisdiction over him or her. 
 (h) “Exchange Act” means the United States Securities
Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. 
 (i) “Fair Market Value” means the
fair market value of a share of Stock, determined as follows: 
 (i) if Stock was traded on any established national
securities exchange including the New York Stock Exchange or The Nasdaq Stock Market on the date in question, then the Fair Market Value shall be equal to the closing price as quoted on such exchange (or the exchange with the greatest volume of
trading in the Stock) on such date as reported in the Wall Street Journal or such other source as the Committee deems reliable; or 

(ii) if the foregoing provision is not applicable, then the Fair Market Value shall be determined by the Committee in good
faith on such basis as it deems appropriate. 
 For any date that is not a Trading Day, the Fair Market Value of a share of Stock for such
date shall be determined by using the closing sale price for the immediately preceding Trading Day. Determination of the Fair Market Value pursuant to the foregoing provisions shall be conclusive and binding on all persons. 

(j) “Offering” means the grant of options to purchase shares of Stock under the Plan to Eligible Employees. 

(k) “Offering Date” means the first day of an Offering. 

(l) “Offering Period” means a period with respect to which the right to purchase Stock may be granted under the Plan, as
determined pursuant to Section 4(a). 
 (m) “Participant” means an Eligible Employee who elects to participate in the
Plan, as provided in Section 4(b). 
 (n) “Participating Company” means (i) the Company and (ii) each present
or future Subsidiary designated by the Committee as a Participating Company. 
  

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 (o) “Plan” means this Coursera, Inc. 2021 Employee Stock Purchase Plan, as
it may be amended from time to time. 
 (p) “Plan Account” means the account established for each Participant pursuant to
Section 8(a). 
 (q) “Purchase Date” means one or more dates during an Offering on which shares of Stock may be
purchased pursuant to the terms of the Offering. 
 (r) “Purchase Period” means one or more successive periods during an
Offering, beginning on the Offering Date or on the day after a Purchase Date, and ending on the next succeeding Purchase Date. 
 (s)
“Purchase Price” means the price at which Participants may purchase shares of Stock under the Plan, as determined pursuant to Section 8(b). 

(t) “Stock” means the Common Stock of the Company. 

(u) “Subsidiary” means any corporation (other than the Company) in an unbroken chain of corporations beginning with the
Company, if each of the corporations other than the last corporation in the unbroken chain owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.

 (r) “Trading Day” means a day on which the national stock exchange on which the Stock is traded is open for trading. 

SECTION 3 Administration of the Plan. 

(a) Administrative Powers and Responsibilities. The Plan shall be administered by the Committee. The Committee shall have full power and
authority, subject to the provisions of the Plan, to promulgate such rules and regulations as it deems necessary for the proper administration of the Plan, to interpret the provisions and supervise the administration of the Plan, and to take all
action in connection therewith or in relation thereto as it deems necessary or advisable. Any decision reduced to writing and signed by all of the members of the Committee shall be fully effective as if it had been made at a meeting duly held. The
Committee’s determinations under the Plan, unless otherwise determined by the Board, shall be final and binding on all persons. The Company shall pay all expenses incurred in the administration of the Plan. No member of the Committee shall be
personally liable for any action, determination, or interpretation made in good faith with respect to the Plan, and all members of the Committee shall be fully indemnified by the Company with respect to any such action, determination or
interpretation. The Committee may adopt such rules, guidelines and forms as it deems appropriate to implement the Plan. Subject to the requirements of applicable law, the Committee may designate persons other than members of the Committee to carry
out its responsibilities and may prescribe such conditions and limitations as it may deem appropriate. All decisions, interpretations and other actions of the Committee shall be final and binding on all Participants and all persons deriving their
rights from a Participant. No member of the Committee shall be 
  

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liable for any action that he has taken or has failed to take in good faith with respect to the Plan. Notwithstanding anything to the contrary in the Plan, the Board may, in its sole discretion,
at any time and from time to time, resolve to administer the Plan. In such event, the Board shall have all of the authority and responsibility granted to the Committee herein. 

(b) International Administration. The Committee may establish sub-plans (which need not qualify
under Section 423 of the Code) and initiate separate Offerings through such sub-plans for the purpose of (i) facilitating participation in the Plan by non-U.S.
employees in compliance with foreign laws and regulations without affecting the qualification of the remainder of the Plan under Section 423 of the Code or (ii) qualifying the Plan for preferred tax treatment under foreign tax laws (which sub-plans, at the Committee’s discretion, may provide for allocations of the authorized shares reserved for issue under the Plan as set forth in Section 14(a)). The rules, guidelines and forms of such sub-plans (or the Offerings thereunder) may take precedence over other provisions of the Plan, with the exception of Section 4(a)(i), Section 5(b), Section 8(b) and Section 14(a), but unless
otherwise superseded by the terms of such sub-plan, the provisions of the Plan shall govern the operation of such sub-plan. Alternatively and in order to comply with the
laws of a foreign jurisdiction, the Committee shall have the power, in its discretion, to grant options in an Offering to citizens or residents of a non-U.S. jurisdiction (without regard to whether they are
also citizens of the United States or resident aliens) that provide terms which are less favorable than the terms of options granted under the same Offering to employees resident in the United States, subject to compliance with Section 423 of
the Code. 
 SECTION 4 Enrollment and Participation. 

(a) Offering Periods. While the Plan is in effect, the Committee may from time to time grant options to purchase shares of Stock
pursuant to the Plan to Eligible Employees during a specified Offering Period. Each such Offering shall be in such form and shall contain such terms and conditions as the Committee shall determine, subject to compliance with the terms and conditions
of the Plan (which may be incorporated by reference) and the requirements of Section 423 of the Code, including the requirement that all Eligible Employees have the same rights and privileges. The Committee shall specify prior to the
commencement of each Offering (i) the period during which the Offering shall be effective, which may not exceed twenty-seven (27) months from the Offering Date and may include one or more successive Purchase Periods within the Offering,
(ii) the Purchase Dates and Purchase Price for shares of Stock which may be purchased pursuant to the Offering, and (iii) if applicable, any limits on the number of shares purchasable by a Participant, or by all Participants in the
aggregate, during any Offering Period or, if applicable, Purchase Period, in each case consistent with the limitations of the Plan. The Committee shall have the discretion to provide for the automatic termination of an Offering following any
Purchase Date on which the Fair Market Value of a share of Stock is equal to or less than the Fair Market Value of a share of Stock on the Offering Date, and for the Participants in the terminated Offering to be automatically re-enrolled in a new Offering that commences immediately after such Purchase Date. The terms and conditions of each Offering need not be identical, and shall be deemed incorporated by reference and made a part of
the Plan. 
  
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 (b) Enrollment. Any individual who, on the day preceding the first day of an Offering
Period, qualifies as an Eligible Employee may elect to become a Participant in the Plan for such Offering Period by completing the enrollment process prescribed and communicated for this purpose from time to time by the Company to Eligible
Employees. 
 (c) Duration of Participation. Once enrolled in the Plan, a Participant shall continue to participate in the Plan until
he or she ceases to be an Eligible Employee or withdraws from the Plan under Section 6(a). A Participant who withdrew from the Plan under Section 6(a) may again become a Participant, if he or she then is an Eligible Employee, by following
the procedure described in Subsection (b) above. A Participant whose employee contributions were discontinued automatically under Section 9(b) shall automatically resume participation at the beginning of the earliest Offering Period ending
in the next calendar year, if he or she then is an Eligible Employee. When a Participant reaches the end of an Offering Period but his or her participation is to continue, then such Participant shall automatically be
re-enrolled for the Offering Period that commences immediately after the end of the prior Offering Period. 

SECTION 5 Employee Contributions. 

(a) Frequency of Payroll Deductions. A Participant may purchase shares of Stock under the Plan solely by means of payroll deductions;
provided, however, that to the extent provided in the terms and conditions of an Offering, a Participant may also make contributions through payment by cash or check prior to one or more Purchase Dates during the Offering. Payroll deductions,
subject to the provisions of Subsection (b) below or as otherwise provided under the terms and conditions of an Offering, shall occur on each payday during participation in the Plan. 

(b) Amount of Payroll Deductions. An Eligible Employee shall designate during the enrollment process the portion of his or her
Compensation that he or she elects to have withheld for the purchase of Stock. Such portion shall be a whole percentage of the Eligible Employee’s Compensation, but not less than one percent (1%) nor more than fifteen percent (15%) (or such
lower rate of Compensation specified as the limit in the terms and conditions of the applicable Offering). 
 (c) Changing Withholding
Rate. Unless otherwise provided under the terms and conditions of an Offering, a Participant may not increase the rate of payroll withholding during the Offering Period, but may discontinue or decrease the rate of payroll withholding during the
Offering Period to a whole percentage of his or her Compensation in accordance with such procedures and subject to such limitations as the Company may establish for all Participants. A Participant may also increase or decrease the rate of payroll
withholding effective for a new Offering Period by submitting an authorization to change the payroll deduction rate pursuant to the process prescribed by the Company from time to time. The new withholding rate shall be a whole percentage of the
Eligible Employee’s Compensation consistent with Subsection (b) above. 
 (d) Discontinuing Payroll Deductions. If a
Participant wishes to discontinue employee contributions entirely, he or she may do so by withdrawing from the Plan pursuant to Section 6(a). In addition, employee contributions may be discontinued automatically pursuant to Section 9(b).

  
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 SECTION 6 Withdrawal from the Plan. 

(a) Withdrawal. A Participant may elect to withdraw from the Plan by giving notice pursuant to the process prescribed and communicated
by the Company from time to time. Such withdrawal may be elected at any time before the last day of an Offering Period, except as otherwise provided in the Offering. In addition, if payment by cash or check is permitted under the terms and
conditions of an Offering, Participants may be deemed to withdraw from the Plan by declining or failing to remit timely payment to the Company for the shares of Stock. As soon as reasonably practicable thereafter, payroll deductions shall cease and
the entire amount credited to the Participant’s Plan Account shall be refunded to him or her in cash, without interest. No partial withdrawals shall be permitted. 

(b) Re-enrollment After Withdrawal. A former Participant who has withdrawn from the Plan shall
not be a Participant until he or she re-enrolls in the Plan under Section 4(b). Re-enrollment may be effective only at the commencement of an Offering Period. 

SECTION 7 Change in Employment Status. 

(a) Termination of Employment. Termination of employment as an Eligible Employee for any reason, including death, shall be treated as an
automatic withdrawal from the Plan under Section 6(a). A transfer from one Participating Company to another shall not be treated as a termination of employment. 

(b) Leave of Absence. For purposes of the Plan, employment shall not be deemed to terminate when the Participant goes on a military
leave, a sick leave or another bona fide leave of absence, if the leave was approved by the Company in writing. Employment, however, shall be deemed to terminate three (3) months after the Participant goes on a leave, unless a contract or
statute guarantees his or her right to return to work. Employment shall be deemed to terminate in any event when the approved leave ends, unless the Participant immediately returns to work. 

(c) Death. In the event of the Participant’s death, the amount credited to his or her Plan Account shall be paid to the
Participant’s estate. 
 SECTION 8 Plan Accounts and Purchase of Shares. 

(a) Plan Accounts. The Company shall maintain a Plan Account on its books in the name of each Participant. Whenever an amount is
deducted from the Participant’s Compensation under the Plan, such amount shall be credited to the Participant’s Plan Account. Amounts credited to Plan Accounts shall not be trust funds and may be commingled with the Company’s general
assets and applied to general corporate purposes. No interest shall be credited to Plan Accounts. 
  

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 (b) Purchase Price. The Purchase Price for each share of Stock purchased during an
Offering Period shall be the lesser of: 
 (i) eighty-five percent (85%) of the Fair Market Value of such share on the
Purchase Date; or 
 (ii) eighty-five percent (85%) of the Fair Market Value of such share on the Offering Date. 

The Committee may specify for an alternate Purchase Price amount or formula in the terms and conditions of an Offering, but in no event may
such amount or formula result in a Purchase Price less than that calculated pursuant to the immediately preceding formula. 
 (c) Number
of Shares Purchased. As of each Purchase Date, each Participant shall be deemed to have elected to purchase the number of shares of Stock calculated in accordance with this Subsection (c), unless the Participant has previously elected to
withdraw from the Plan in accordance with Section 6(a). The amount then in the Participant’s Plan Account shall be divided by the Purchase Price, and the number of shares that results shall be purchased from the Company with the funds in
the Participant’s Plan Account. Unless provided otherwise by the Committee prior to commencement of an Offering, the maximum number of shares of Stock which may be purchased by an individual Participant during such Offering is [_____] shares.1 The foregoing notwithstanding, no Participant shall purchase more than such number of shares of Stock as may be determined by the Committee with respect to the Offering Period, or Purchase Period, if
applicable, nor more than the amounts of Stock set forth in Sections 9(b) and 14(a). For each Offering Period and, if applicable, Purchase Period, the Committee shall have the authority to establish additional limits on the number of shares
purchasable by all Participants in the aggregate. 
 (d) Available Shares Insufficient. In the event that the aggregate number of
shares that all Participants elect to purchase during an Offering Period exceeds the maximum number of shares remaining available for issuance under Section 14(a), or which may be purchased pursuant to any additional aggregate limits imposed by
the Committee, then the number of shares to which each Participant is entitled shall be determined by multiplying the number of shares available for issuance by a fraction, the numerator of which is the number of shares that such Participant has
elected to purchase and the denominator of which is the number of shares that all Participants have elected to purchase. 
 (e) Issuance
of Stock. Certificates representing the shares of Stock purchased by a Participant under the Plan shall be issued to him or her as soon as reasonably practicable after the applicable Purchase Date, except that the Company may determine
that such shares shall be held for each Participant’s benefit by a broker designated by the Company. Shares may be registered in the name of the Participant or jointly in the name of the Participant and his or her spouse as joint tenants with
right of survivorship or as community property. 
  

	1 	 To determine the maximum number of shares that may be purchased by any participant during an offering period.

  
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 (f) Unused Cash Balances. An amount remaining in the Participant’s Plan Account
that represents the Purchase Price for any fractional share shall be carried over in the Participant’s Plan Account to the next Offering Period or refunded to the Participant in cash at the end of the Offering Period, without interest, if his
or her participation is not continued. Any amount remaining in the Participant’s Plan Account that represents the Purchase Price for whole shares that could not be purchased by reason of Subsection (c) or (d) above, Section 9(b)
or Section 14(a) shall be refunded to the Participant in cash, without interest. 
 (g) Stockholder Approval. The Plan shall be
submitted to the stockholders of the Company for their approval within twelve (12) months after the date the Plan is adopted by the Board. Any other provision of the Plan notwithstanding, no shares of Stock shall be purchased under the Plan
unless and until the Company’s stockholders have approved the adoption of the Plan. 
 SECTION 9 Limitations on Stock Ownership. 

(a) Five Percent Limit. Any other provision of the Plan notwithstanding, no Participant shall be granted a right to purchase Stock under
the Plan if such Participant, immediately after his or her election to purchase such Stock, would own stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or any parent or
Subsidiary of the Company. For purposes of this Subsection (a), the following rules shall apply: 
 (i) Ownership of stock
shall be determined after applying the attribution rules of section 424(d) of the Code; 
 (ii) Each Participant shall
be deemed to own any stock that he or she has a right or option to purchase under this or any other plan; and 
 (iii) Each
Participant shall be deemed to have the right to purchase up to the maximum number of shares of Stock that may be purchased by a Participant under the Plan under the individual limit specified pursuant to Section 8(c) with respect to each
Offering Period. 
 (b) Dollar Limit. Any other provision of the Plan notwithstanding, no Participant shall accrue the right to
purchase Stock at a rate which exceeds twenty-five thousand dollars ($25,000) of Fair Market Value of such Stock per calendar year (under the Plan and all other employee stock purchase plans of the Company or any parent or Subsidiary of the
Company), determined in accordance with the provisions of Section 423(b)(8) of the Code and applicable Treasury Regulations promulgated thereunder. 
  

 
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 For purposes of this Subsection (b), the Fair Market Value of Stock shall be determined
as of the beginning of the Offering Period in which such Stock is purchased. Employee stock purchase plans not described in Section 423 of the Code shall be disregarded. If a Participant is precluded by this Subsection (b) from purchasing
additional Stock under the Plan, then his or her employee contributions shall automatically be discontinued and shall resume at the beginning of the earliest Offering Period ending in the next calendar year (if he or she then is an Eligible
Employee). 
 SECTION 10 Rights Not Transferable. 

The rights of any Participant under the Plan, or any Participant’s interest in any Stock or moneys to which he or she may be entitled
under the Plan, shall not be transferable by voluntary or involuntary assignment or by operation of law, or in any other manner other than by the laws of descent and distribution. If a Participant in any manner attempts to transfer, assign or
otherwise encumber his or her rights or interest under the Plan, other than by the laws of descent and distribution, then such act shall be treated as an election by the Participant to withdraw from the Plan under Section 6(a). 

SECTION 11 No Rights as An Employee. 

Nothing in the Plan or in any right granted under the Plan shall confer upon the Participant any right to continue in the employ of a
Participating Company for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Participating Companies or of the Participant, which rights are hereby expressly reserved by each, to terminate his or her
employment at any time and for any reason, with or without cause. 
 SECTION 12 No Rights as A Stockholder. 

A Participant shall have no rights as a stockholder with respect to any shares of Stock that he or she may have a right to purchase under the
Plan until such shares have been purchased on the applicable Purchase Date. 
 SECTION 13 Securities Law Requirements. 

Shares of Stock shall not be issued under the Plan unless the issuance and delivery of such shares comply with (or are exempt from) all
applicable requirements of law, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other
securities market on which the Company’s securities may then be traded. 
  

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 SECTION 14 Stock Offered Under the Plan. 

(a) Authorized Shares.2 The maximum aggregate number of shares of Stock available
for purchase under the Plan is [_______] shares plus an annual increase to be added on the first day of each of the Company’s fiscal years for a period of up to ten years, beginning with the fiscal year that begins January 1, 2022, equal
to (i) one percent (1%) of the outstanding shares of Stock on such date, or (ii) a lesser amount determined by the Committee or Board. The aggregate number of shares available for purchase under the Plan (and the limit in clause ii to the
annual increase thereto) shall at all times be subject to adjustment pursuant to Section 14(b). 
 (b) Antidilution Adjustments.
The aggregate number of shares of Stock offered under the Plan, the individual and aggregate Participant share limitations described in Section 8(c) and the price of shares that any Participant has elected to purchase shall be adjusted
proportionately by the Committee in the event of any change in the number of issued shares of Stock (or issuance of shares other than Common Stock) by reason of any forward or reverse share split, subdivision or consolidation, or share dividend or
bonus issue, recapitalization, reclassification, merger, amalgamation, consolidation, split-up, spin-off, reorganization, combination, exchange of shares of Stock, the
issuance of warrants or other rights to purchase shares of Stock or other securities, or any other change in corporate structure or in the event of any extraordinary distribution (whether in the form of cash, shares of Stock, other securities or
other property). 
 (c) Reorganizations. Any other provision of the Plan notwithstanding, in the event of a Corporate
Reorganization in which the Plan is not assumed by the surviving corporation or its parent corporation pursuant to the applicable plan of merger or consolidation, the Offering Period then in progress shall terminate immediately prior to the
effective time of such Corporate Reorganization and either shares shall be purchased pursuant to Section 8 or, if so determined by the Board or Committee, all amounts in all Participant Accounts shall be refunded pursuant to Section 15
without any purchase of shares. The Plan shall in no event be construed to restrict in any way the Company’s right to undertake a dissolution, liquidation, merger, consolidation or other reorganization. 

SECTION 15 Amendment or Discontinuance. 

The Board or Committee shall have the right to amend, suspend or terminate the Plan at any time and without notice. Upon any such amendment,
suspension or termination of the Plan during an Offering Period, the Board or Committee may in its discretion determine that the applicable Offering shall immediately terminate and that all amounts in the Participant Accounts shall be carried
forward into a payroll deduction account for each Participant under a successor plan, if any, or promptly refunded to each Participant. Except as provided in Section 14, any increase in the aggregate number of shares of Stock to be issued under
the Plan shall be subject to approval by a vote of the stockholders of the Company. In addition, any other amendment of the Plan shall be subject to approval by a vote of the stockholders of the Company to the extent required by an applicable law or
regulation. The Plan shall continue until the earlier to occur of (a) termination of the Plan pursuant to this Section 15 or (b) issuance of all of the shares of Stock reserved for issuance under the Plan. 

 

	2 	 To confirm number of shares that will be authorized under ESPP (2% of outstanding shares).

  
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 SECTION 16 Execution. 

To record the adoption of the Plan by the Board, the Company has caused its authorized officer to execute the same. 

 

			
	COURSERA, INC.
	By:	 	  

	Name:
	Title:
	Date:

  
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