Document:

EX-10.6

 Exhibit 10.6 

COURSERA, INC. 
 2021
EMPLOYEE STOCK PURCHASE PLAN 
 (Adopted by the Board of Directors on February 17, 2021) 

(Approved by the Stockholders on March 2, 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
	  	 	6	 
	 (c)
	 	 Number of Shares Purchased
	  	 	7	 
	 (d)
	 	 Available Shares Insufficient
	  	 	7	 
	 (e)
	 	 Issuance of Stock
	  	 	7	 
	 (f)
	 	 Unused Cash Balances
	  	 	7	 
	 (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
	  	 	8	 
			
	 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
	  	 	9	 
	 (a)
	 	 Authorized Shares
	  	 	9	 
	 (b)
	 	 Antidilution Adjustments
	  	 	9	 
	 (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 February 17, 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, Diversity, Equity, 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,
regular hourly wages (including overtime and holiday pay), shift premiums, sales commissions, and bonuses 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 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 
 (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. 

  
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2021 EMPLOYEE STOCK PURCHASE PLAN 

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 (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; 
 (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; or 
 (iii)
with respect to the Offering Period beginning on the Effective Date, the Fair Market Value on the Offering Date shall be the price at which the Stock is offered to the public pursuant to the registration statement covering the initial public
offering of the Stock. 
 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. 

  
 COURSERA, INC. 

2021 EMPLOYEE STOCK PURCHASE PLAN 

2 

 (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 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. 

  
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2021 EMPLOYEE STOCK PURCHASE PLAN 

3 

 (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 of Stock 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 of Stock 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. 

  
 COURSERA, INC. 

2021 EMPLOYEE STOCK PURCHASE PLAN 

4 

 (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 discontinue, decrease or increase the rate of payroll withholding during the Offering Period to a whole percentage of his or her Compensation
(including a reduction to zero percent (0%)) 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 5(b). In addition, employee contributions may be discontinued automatically pursuant to Section 9(b). 

  
 COURSERA, INC. 

2021 EMPLOYEE STOCK PURCHASE PLAN 

5 

 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. 
 (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 

  
 COURSERA, INC. 

2021 EMPLOYEE STOCK PURCHASE PLAN 

6 

 (ii) eighty-five percent (85%) of the Fair Market Value of such share on the
Offering Date. 
 The Committee may specify 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 of Stock 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 20,000 shares (further limited to 5,000 shares per Purchase Period). 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 Section 9(b) and Section 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 of Stock purchasable by all Participants in the aggregate. 

(d) Available Shares Insufficient. In the event that the aggregate number of shares of Stock that all Participants elect to purchase
during an Offering Period exceeds the maximum number of shares of Stock 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 of Stock to which each Participant is entitled shall be determined by multiplying the number of shares of Stock available for issuance by a fraction, the numerator of which is the number of shares of Stock that such Participant has elected to
purchase and the denominator of which is the number of shares of Stock 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 of Stock 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. 
 (f) Unused Cash Balances. An amount remaining in the Participant’s Plan
Account that represents the Purchase Price for any fractional share of Stock shall be refunded to the Participant in cash at the end of the Purchase Period, without interest, unless otherwise provided in the terms and conditions of an Offering. Any
amount remaining in the Participant’s Plan Account that represents the Purchase Price for whole shares of Stock 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. 

  
 COURSERA, INC. 

2021 EMPLOYEE STOCK PURCHASE PLAN 

7 

 (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. 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 the Company may discontinue his or her employee contributions. 
 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). 

  
 COURSERA, INC. 

2021 EMPLOYEE STOCK PURCHASE PLAN 

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 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. Participation in the Plan is voluntary. 
 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, the regulations of any stock exchange or other securities
market on which the Company’s securities may then be traded, and the applicable laws of any country which has jurisdiction over the applicable Participant. 

SECTION 14 Stock Offered Under the Plan. 

(a) Authorized Shares. The maximum aggregate number of shares of Stock available for purchase under the Plan is 2,800,000 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 the least of (i) one percent (1%) of the
outstanding shares of Stock on such date, (ii) 11,000,000 shares, or (iii) 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). 

  
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2021 EMPLOYEE STOCK PURCHASE PLAN 

9 

 (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. 

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:	 	

  
 COURSERA, INC. 

2021 EMPLOYEE STOCK PURCHASE PLAN 

10Exhibit 4.1

 

	 	 	 	 	 
	NUMBER	 	 	 	UNITS 
	 	 	 
	U-	 	 	 	 
	
        SEE REVERSE FOR

        CERTAIN

        DEFINITIONS
	 	Jeneration Acquisition Corporation	 	 
	 	 	 	 	CUSIP  [·]

 

UNITS CONSISTING OF ONE CLASS A ORDINARY
SHARE AND ONE-FOURTH OF ONE REDEEMABLE WARRANT,

EACH WHOLE WARRANT ENTITLING THE HOLDER TO PURCHASE ONE CLASS A ORDINARY SHARE

 

	 	 	 	 	 
	THIS CERTIFIES THAT	 	 	 	 
	 	 	 	 	 
	is the owner of	 	 	 	Units.
	 	 	 	 	 	 	 

 

Each Unit (“Unit”) consists of one
(1) Class A ordinary share, par value $0.0001 per share (“Class A ordinary shares”), of Jeneration Acquisition
Corporation, a Cayman Islands exempted company (the “Company”), and one-fourth (1/4) of one redeemable
warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one (1) Class
A ordinary share (subject to adjustment) for $11.50 per share (subject to adjustment). Only whole Warrants are exercisable. Each
Warrant will become exercisable on the later of (i) thirty (30) days after the Company’s completion of a merger, share exchange,
asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses (each a “Business
Combination”), and (ii) twelve (12) months from the closing of the Company’s initial public offering, and will
expire unless exercised before 5:00 p.m., New York City Time, on the date that is five (5) years after the date on which the Company
completes its initial Business Combination, or earlier upon redemption or liquidation. The Class A ordinary shares and Warrants
comprising the Units represented by this certificate will begin separate trading on the 52nd day following the date of the prospectus
that is filed in connection with the offering of the Units (or, if such date is not a business day, the following business day)
unless Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc. elect to allow earlier separate trading, subject to the Company’s
filing of a Current Report on Form 8-K with the Securities and Exchange Commission containing an audited balance sheet reflecting
the Company’s receipt of the gross proceeds of its initial public offering and issuing a press release announcing when separate
trading will begin. No fractional Warrants will be issued upon separation of the Units. The terms of the Warrants are governed
by a Warrant Agreement, dated as of [·], 2021, between the Company and Continental
Stock Transfer & Trust Company, as Warrant Agent, and are subject to the terms and provisions contained therein, all of which
terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of the Warrant Agreement are on file
at the office of the Warrant Agent at One State Street, 30th Floor, New York, New York 10004, and are available to any Warrant
holder on written request and without cost.

 

Upon the consummation of the Business Combination, the Units
represented by this certificate will automatically separate into the Class A ordinary shares and Warrants comprising such Units.

 

This certificate is not valid unless countersigned
by the Transfer Agent and registered by the Registrar of the Company.

This certificate shall be governed by and construed in accordance with the internal laws of the State of New York.

Witness the facsimile signatures of its duly authorized officers.

 

    	 

    	 

    

	By	 	 	 	 	 	 
	 	Chief Executive Officer	 	Transfer Agent	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 

Jeneration Acquisition Corporation

 

The Company will furnish without charge to each unitholder who
so requests, a statement of the powers, designations, preferences and relative, participating, optional or other special rights
of each class of shares or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences
and/or rights.

 

The following abbreviations, when used in the inscription on
the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations:

 

	 	 	 	 	 	 	 	 	 	 	 
	TEN COM –	 	as tenants in common	 	UNIF GIFT MIN ACT - 	 	 	 	Custodian	 	 
	TEN ENT –	 	as tenants by the entireties	 	 	 	(Cust)	 	 	 	(Minor)
	JT TEN –	 	as joint tenants with right of	 	Under Uniform Gifts to Minors 
	 	 	survivorship	 	 	 	 
	 	 	and not as tenants in common	 	 	 	Act _________________
	 	 	 	 	 	 	(State)
	 	 	 	 	 	 	 

Additional abbreviations may also be used though not in the
above list.

 

For value received,                            hereby sell, assign and transfer
unto

 

	 	 
	PLEASE INSERT SOCIAL SECURITY OR OTHER

IDENTIFYING NUMBER OF ASSIGNEE	 
	 	 
	 	 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS,
INCLUDING ZIP CODE, OF ASSIGNEE)

 

	 	 	 
	 	 	Units

represented by the within Certificate, and do hereby irrevocably
constitute and appoint Attorney to transfer the said Units on the books of the within named Company with full power of substitution
in the premises.

 

Dated:

 

	 	 	 
	 	 	 
	 	 	Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.

 

    	 

    	 

    

Signature(s) Guaranteed:

	 
	 
	
        THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE
GUARANTOR INSTITUTION

        (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS
AND CREDIT UNIONS WITH

        MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION
PROGRAM,

        PURSUANT TO S.E.C. RULE 17Ad-15 (OR ANY SUCCESSOR RULE)
UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED).

 

    	 

    	 

    

In each case, as more fully described in the Company’s
final prospectus dated [·], 2021, the holder(s) of this certificate shall be entitled
to receive a pro rata portion of certain funds held in the trust account established in connection with the Company’s initial
public offering only in the event that (i) the Company redeems the Class A ordinary shares sold in its initial public offering
and liquidates because it does not consummate an initial business combination by a date calculated by reference to the Company’s
amended and restated memorandum and articles of association, as the same may be amended from time to time, (ii) the Company redeems
the Class A ordinary shares sold in its initial public offering in connection with a shareholder vote to amend the Company’s
amended and restated memorandum and articles of association (a) to modify the substance or timing of the Company’s obligation
to allow redemption in connection with the Company’s initial business combination or to redeem 100% of the Class A ordinary
shares if it does not consummate an initial business combination by a date calculated by reference to the Company’s amended
and restated memorandum and articles of association or (b) with respect to any other provision relating to the rights of holders
of Class A ordinary shares, or (iii) if the holder(s) seek(s) to redeem for cash his, her or its respective Class A ordinary shares
in connection with a tender offer (or proxy solicitation, solely in the event the Company seeks shareholder approval of the proposed
initial business combination) setting forth the details of a proposed initial business combination. In no other circumstances shall
the holder(s) have any right or interest of any kind in or to the trust account.

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