Document:

EX-10.3

 Exhibit 10.3 

ALPHA TEKNOVA, INC. 

2020 EQUITY INCENTIVE PLAN 

 Table of Contents 

 

									
	 	 	 	 	 	  	Page	 
	1.	 	Establishment, Purpose and Term of Plan	  	 	1	 
				
		 	1.1	 	Establishment	  	 	1	 
				
		 	1.2	 	Purpose	  	 	1	 
				
		 	1.3	 	Term of Plan	  	 	1	 
			
	2.	 	Definitions and Construction	  	 	1	 
				
		 	2.1	 	Definitions	  	 	1	 
				
		 	2.2	 	Construction	  	 	6	 
			
	3.	 	Administration	  	 	6	 
				
		 	3.1	 	Administration by the Board	  	 	6	 
				
		 	3.2	 	Authority to Delegate	  	 	7	 
				
		 	3.3	 	Powers of the Board	  	 	7	 
				
		 	3.4	 	Administration with Respect to Insiders	  	 	8	 
				
		 	3.5	 	Indemnification	  	 	8	 
			
	4.	 	Shares Subject to Plan	  	 	8	 
				
		 	4.1	 	Maximum Number of Shares Issuable	  	 	8	 
				
		 	4.2	 	Share Counting	  	 	9	 
				
		 	4.3	 	Adjustments for Changes in Capital Structure	  	 	9	 
				
		 	4.4	 	Assumption or Substitution of Awards	  	 	10	 
			
	5.	 	Eligibility, Participation and Option Limitations	  	 	10	 
				
		 	5.1	 	Persons Eligible for Awards	  	 	10	 
				
		 	5.2	 	Participation in the Plan	  	 	10	 
				
		 	5.3	 	Incentive Stock Option Limitations	  	 	10	 
			
	6.	 	Stock Options	  	 	11	 
				
		 	6.1	 	Exercise Price	  	 	11	 
				
		 	6.2	 	Exercisability and Term of Options	  	 	11	 
				
		 	6.3	 	Payment of Exercise Price	  	 	11	 
				
		 	6.4	 	Effect of Termination of Service	  	 	12	 
				
		 	6.5	 	Transferability of Options	  	 	13	 
			
	7.	 	Restricted Stock Awards	  	 	13	 
				
		 	7.1	 	Types of Restricted Stock Awards Authorized	  	 	14	 
				
		 	7.2	 	Purchase Price	  	 	14	 

  
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		 	7.3	 	Purchase Period	  	 	14	 
				
		 	7.4	 	Payment of Purchase Price	  	 	14	 
				
		 	7.5	 	Vesting and Restrictions on Transfer	  	 	14	 
				
		 	7.6	 	Voting Rights; Dividends and Distributions	  	 	14	 
				
		 	7.7	 	Effect of Termination of Service	  	 	15	 
				
		 	7.8	 	Nontransferability of Restricted Stock Award Rights	  	 	15	 
			
	8.	 	Restricted Stock Units	  	 	15	 
				
		 	8.1	 	Grant of Restricted Stock Unit Awards	  	 	15	 
				
		 	8.2	 	Purchase Price	  	 	15	 
				
		 	8.3	 	Vesting	  	 	16	 
				
		 	8.4	 	Voting Rights, and Distributions	  	 	16	 
				
		 	8.5	 	Effect of Termination of Service	  	 	16	 
				
		 	8.6	 	Settlement of Restricted Stock Unit Awards	  	 	16	 
				
		 	8.7	 	Nontransferability of Restricted Stock Unit Awards	  	 	17	 
			
	9.	 	Other Stock-Based Awards	  	 	17	 
			
	10.	 	Change in Control; Dissolution or Liquidation	  	 	17	 
				
		 	10.1	 	Effect of Change in Control on Awards	  	 	17	 
				
		 	10.2	 	Dissolution or Liquidation	  	 	19	 
			
	11.	 	Tax Withholding	  	 	19	 
				
		 	11.1	 	Tax Withholding in General	  	 	19	 
				
		 	11.2	 	Withholding in or Directed Sale of Shares	  	 	19	 
				
		 	11.3	 	Section 83(i) Election Not Permitted	  	 	20	 
			
	12.	 	Compliance with Section 409A	  	 	20	 
			
	13.	 	Compliance with Securities Law	  	 	20	 
			
	14.	 	Amendment or Termination of Plan or an Award	  	 	20	 
			
	15.	 	Miscellaneous Provisions	  	 	21	 
				
		 	15.1	 	Restrictions on Transfer of Shares	  	 	21	 
				
		 	15.2	 	Forfeiture Events	  	 	22	 
				
		 	15.3	 	Provision of Information	  	 	22	 
				
		 	15.4	 	Rights as Employee, Consultant or Director	  	 	22	 
				
		 	15.5	 	Rights as a Stockholder	  	 	23	 
				
		 	15.6	 	Delivery of Title to Shares	  	 	23	 
				
		 	15.7	 	Fractional Shares	  	 	23	 
				
		 	15.8	 	Retirement and Welfare Plans	  	 	23	 

  
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		 	 15.9
	 	 Severability
	  	 	23	 
				
		 	 15.10
	 	 No Constraint on Corporate Action
	  	 	23	 
				
		 	 15.11
	 	 Unfunded Obligation
	  	 	23	 
				
		 	 15.12
	 	 Choice of Law
	  	 	24	 
				
		 	 15.13
	 	 Corporate Records
	  	 	24	 
				
		 	 15.14
	 	 Stockholder Approval
	  	 	24	 

  
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 ALPHA TEKNOVA, INC. 

2020 EQUITY INCENTIVE PLAN 

1.    ESTABLISHMENT, PURPOSE AND TERM
OF PLAN. 

1.1    Establishment. The Alpha Teknova, Inc. 2020 Equity Incentive Plan (the
“Plan”) is established effective as of August 31, 2020 (the “Effective Date”). 

1.2    Purpose. The purpose of the Plan is to advance the interests of the Participating Company
Group and its stockholders by providing an incentive to attract, retain and reward persons performing Services for the Participating Company Group. 

1.3    Term of Plan. Unless earlier terminated by the Board in accordance with Section 14 below, the
Plan will continue in effect for ten (10) years from the later of (a) the Effective Date or (b) the earlier of the most recent Board or stockholder approval of an increase in the maximum aggregate number of shares of Stock issuable
under the Plan in accordance with Section 15.14 below. 
 2.    DEFINITIONS AND
CONSTRUCTION. 

2.1    Definitions. Certain capitalized terms used in this Plan have the following meanings: 

(a)    “Award” means an Option, Restricted Stock Purchase Right, Restricted Stock
Bonus, Restricted Stock Unit Award or Other Stock-Based Award. 
 (b)    “Award
Agreement” means a written or electronic agreement between the Company and a Participant containing the terms, conditions and restrictions applicable to an Award. 

(c)    “Board” means the Board of Directors of the Company or any Committee
appointed to administer the Plan. 
 (d)    “Cause” means, unless such term or an
equivalent term is otherwise defined by the applicable Award Agreement or other written agreement between a Participant and a Participating Company applicable to an Award, any of the following: (i) the Participant’s theft, dishonesty,
willful misconduct, breach of fiduciary duty for personal profit or falsification of any Participating Company documents or records; (ii) the Participant’s material failure to abide by a Participating Company’s code of conduct or
other policies (including policies relating to confidentiality and reasonable workplace conduct); (iii) the Participant’s unauthorized use, misappropriation, destruction or diversion of any tangible or intangible asset or corporate
opportunity of a Participating Company (including the Participant’s improper use or disclosure of a Participating Company’s confidential or proprietary information); (iv) any intentional act by the Participant which has a material
detrimental effect on a Participating Company’s reputation or business; (v) the Participant’s repeated failure or inability to perform any reasonable assigned duties after written notice from a Participating Company of, and a
reasonable opportunity to cure, such failure or inability; (vi) any material breach by the Participant of any employment or service agreement between the Participant and a Participating 

 
Company that is not cured pursuant to the terms of such agreement; or (vii) the Participant’s conviction (including any plea of guilty or nolo contendere) of any criminal act
involving fraud, dishonesty, misappropriation or moral turpitude, or that impairs the Participant’s ability to perform his or her duties with a Participating Company. 

(e)    “Change in Control” means, unless such term or an equivalent term is
otherwise defined by the applicable Award Agreement or other written agreement between the Participant and a Participating Company applicable to an Award, the occurrence of an Ownership Change Event or a series of related Ownership Change Events
(collectively, a “Transaction”) in which the stockholders of the Company immediately before the Transaction do not retain immediately after the Transaction direct or indirect beneficial ownership of more than
fifty percent (50%) of the total combined voting power of the outstanding securities entitled to vote generally in the election of Directors or, in the case of an Ownership Change Event described in Section 2.1(w)(iii), the entity to which the
assets of the Company were transferred (the “Transferee”), as the case may be; provided, however, that a Change in Control does not include (i) a transaction described in this
Section 2.1(e) in which a majority of the members of the board of directors of the continuing, surviving or successor entity, or parent thereof, immediately after such transaction consists of Incumbent Directors, or (ii) a transaction with
the principal purpose of (1) changing the jurisdiction of the Company’s incorporation, (2) creating a holding company that will be owned in substantially the same proportions by the persons who hold the Company’s securities
immediately before such transaction, or (3) obtaining funding for the Company in a financing transaction that is approved by the Board. For purposes of the preceding sentence, indirect beneficial ownership includes an interest resulting from
ownership of the voting securities of one or more corporations, limited liability companies or other entities that own the Company or the Transferee, as the case may be, either directly or through one or more subsidiary corporations or other
business entities. The Board will determine whether multiple events described in this Section 2.1(e) are related and to be treated in the aggregate as a single Change in Control, and its determination will be final, binding and conclusive. 

(f)    “Code” means the Internal Revenue Code of 1986, as amended, and any
applicable regulations and administrative guidelines. 
 (g)    “Committee” means
the compensation committee or other committee or subcommittee of the Board appointed to administer the Plan and having the powers specified by the Board. Unless the powers of the Committee have been specifically limited, the Committee has all of the
powers of the Board granted by the Plan. 
 (h)    “Company” means Alpha Teknova,
Inc., a Delaware corporation, and any successor thereto. 
 (i)    “Consultant”
means a person engaged to provide consulting or advisory services (other than as an Employee or a Director) to a Participating Company, provided that (i) the identity of such person, the nature of such services or the entity to which such
services are provided would not preclude the Company from offering or selling securities to such person pursuant to the Plan in reliance on either the exemption from registration provided by Rule 701 under the Securities Act or, if the Company
is required to file reports pursuant to Section 13 or 15(d) of the Exchange Act, registration on a Form S-8 Registration Statement 

  
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under the Securities Act, or (ii) the Company would be eligible to offer or sell securities to such person pursuant to the Plan without registration under the Securities Act in reliance on
Section 4(a)(2) of the Securities Act or another applicable exemption. 

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

(k)    “Disability” means the inability of the Participant, in the opinion of a
qualified physician acceptable to the Company, to perform the major duties of the Participant’s position with the Participating Company Group because of the sickness or injury of the Participant. 

(l)    “Employee” means any person treated as an employee (including an Officer or
a Director who is also treated as an employee) in the records of a Participating Company and, with respect to any Incentive Stock Option granted to such person, who is an employee for purposes of Section 422 of the Code; provided, however, that
neither Service as a Director nor payment of a director’s fee is sufficient to constitute employment for purposes of the Plan. The Company will determine in good faith and in the exercise of its discretion whether an individual has become or
has ceased to be an Employee and the effective date of the individual’s employment or termination of employment, as the case may be. For purposes of an individual’s rights, if any, under the terms of the Plan as of the time of the
Company’s determination of whether or not the individual is an Employee, the Company’s determination will be final, binding and conclusive as to such rights, if any, notwithstanding that the Company or any court of law or governmental
agency subsequently makes a contrary determination as to such individual’s status as an Employee. 

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

(n)    “Exchange Program” means a program under which (i) outstanding Awards
are surrendered or cancelled in exchange for Awards of the same type (which may have higher or lower exercise prices and different terms), Awards of a different type or cash, (ii) Participants have the opportunity to transfer any outstanding
Awards to a financial institution or other person or entity selected by the Board, or (iii) the exercise price of an outstanding Award is increased or reduced. The Board will determine the terms and conditions of any Exchange Program in its
sole discretion. 
 (o)    “Fair Market Value” means, as of any date, the value
of a share of Stock or other property as determined by the Board, in its discretion, or by the Company, in its discretion, if such determination is expressly allocated to the Company, subject to the following: 

(i)    If, on such date, the Stock is listed or quoted on a securities exchange or quotation system, the Fair Market
Value of a share of Stock will be the closing price of a share of Stock as quoted on the securities exchange or quotation system constituting the primary market for the Stock, as reported by a source the Company deems reliable. If the relevant date
does not fall on a day on which the Stock has traded on such securities exchange or quotation system, the date on which the Fair Market Value is established will be the last day on which the Stock was traded or quoted prior to the relevant date, or
another appropriate day as determined by the Board, in its discretion. 

  
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 (ii)    If, on such date, the Stock is not listed or quoted on a
securities exchange or quotation system, the Fair Market Value of a share of Stock must be determined by the Board in good faith without regard to any restriction other than a restriction which, by its terms, will never lapse. 

(p)    “Incentive Stock Option” means an Option intended to be (as set forth in the
Award Agreement) and that qualifies as an incentive stock option within the meaning of Section 422(b) of the Code. 

(q)    “Incumbent Director” means a Director who either (i) is a member of the
Board as of the Effective Date or (ii) is elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination (but excluding a Director who was
elected or nominated in connection with an actual or threatened proxy contest relating to the election of Directors of the Company). 

(r)    “Insider” means an Officer, a Director or other person whose transactions in
Stock are subject to Section 16 of the Exchange Act. 
 (s)    “Nonstatutory Stock
Option” means an Option not intended to be (as set forth in the Award Agreement) or that does not qualify as an incentive stock option within the meaning of Section 422(b) of the Code. 

(t)    “Officer” means any person designated by the Board as an officer of the
Company. 
 (u)    “Option” means an Incentive Stock Option or a Nonstatutory
Stock Option granted pursuant to the Plan. 
 (v)    “Other Stock-Based Award”
means an Award based in whole or in part by reference to Stock granted pursuant to Section 9. 

(w)    “Ownership Change Event” means the occurrence of any of the following:
(i) the direct or indirect sale or exchange in a single or series of related transactions by the stockholders of the Company of securities of the Company representing more than fifty percent (50%) of the total combined voting power of the
Company’s then outstanding securities entitled to vote generally in the election of Directors; (ii) a merger or consolidation in which the Company is a party; or (iii) the sale, exchange, or transfer of all or substantially all of the
assets of the Company (other than a sale, exchange or transfer to one or more subsidiaries of the Company). 

(x)    “Parent Corporation” means any present or future “parent
corporation” of the Company, as defined in Section 424(e) of the Code. 

  
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 (y)    “Participant” means any
eligible person who has been granted one or more Awards. 
 (z)    “Participating
Company” means the Company or any Parent Corporation or Subsidiary Corporation. 

(aa)    “Participating Company Group” means, at any point in time, all entities
collectively that are then Participating Companies. 
 (bb)    “Restricted Stock
Award” means an Award in the form of a Restricted Stock Bonus or a Restricted Stock Purchase Right. 

(cc)    “Restricted Stock Bonus” means Stock granted to a Participant pursuant to
Section 7. 
 (dd)    “Restricted Stock Purchase Right” means a right to
purchase Stock granted to a Participant pursuant to Section 7. 
 (ee)    “Restricted Stock
Unit” means a right granted to a Participant pursuant to Section 8 to receive on a future date or event a share of Stock or cash in lieu thereof, as determined by the Board. 

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

(gg)    “Section 409A” means Section 409A of
the Code. 
 (hh)    “Securities Act” means the Securities Act of 1933, as
amended. 
 (ii)    “Service” means a Participant’s employment or
service-based engagement with the Participating Company Group, whether as an Employee, a Director or a Consultant. Unless otherwise set forth in a Participant’s Award Agreement, a Participant’s Service will not be deemed to have terminated
merely because of a change in the capacity in which the Participant renders Service or a change in the Participating Company for which the Participant renders Service, provided that there is no interruption or termination of the Participant’s
Service. Furthermore, a Participant’s Service will not be deemed to have been interrupted or terminated if the Participant takes any vacation, military leave, sick leave or other bona fide leave of absence approved by the Company. However,
unless otherwise provided by the Board, if any such leave taken by a Participant exceeds three (3) months, then on the first (1st) day following the end of such three-month period the
Participant’s Service will be deemed to have terminated, unless the Participant’s right to return to Service is guaranteed by statute or contract. Notwithstanding the foregoing, in the event a Participant’s regular level of time
commitment in the performance of his or her Service is voluntarily reduced by the Participant (including, without limitation, if the Participant is an Employee who has a change in work schedule from full-time to part-time or who takes an extended
unpaid leave of absence) after the date of grant of any Award to the Participant, the Board has the right in its sole discretion (and without the Participant’s consent) to (1) make a corresponding reduction in the number of shares subject
to any portion of such Award that is scheduled to vest or become payable after the date of 

  
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such change in time commitment, and (2) in lieu of or in combination with such a reduction, extend the vesting or payment schedule applicable to such Award. In the event of any such
reduction, the Participant will have no right with respect to any portion of the Award that is so reduced or extended. A Participant’s Service will be deemed to have terminated either upon an actual termination of Service or upon the business
entity for which the Participant performs Service ceasing to be a Participating Company. Subject to the foregoing, the Company, in its discretion, will determine whether the Participant’s Service has terminated and the effective date of and
reason for such termination. 
 (jj)    “Stock” means the common stock of the
Company, as adjusted from time to time in accordance with Section 4.3. 
 (kk)    “Stockholders
Agreement” means any share restriction agreement, stockholders agreement, voting agreement, right of first refusal and co-sale agreement, or other agreement between the Company and its
stockholders as may be in effect from time to time, in each case, as may be amended, restated or replaced from time to time. 

(ll)    “Subsidiary Corporation” means any present or future “subsidiary
corporation” of the Company, as defined in Section 424(f) of the Code. 
 (mm)    “Ten
Percent Stockholder” means a person who, at the time an Award is granted to such person, owns stock possessing more than 10% of the total combined voting power of all classes of stock of a Participating Company within the meaning
of Section 422(b)(6) of the Code. 
 (nn)    “Trading Compliance Policy”
means the written policy of the Company pertaining to the purchase, sale, transfer or other disposition of the Company’s equity securities by Directors, Officers, Employees or other service providers who may possess material, nonpublic
information regarding the Company or its securities. 
 (oo)    “Vesting
Conditions” mean those conditions established in accordance with the Plan prior to the satisfaction of which an Award or shares subject to an Award remain subject to forfeiture or a repurchase option in favor of the Company
exercisable for the Participant’s monetary purchase price, if any, for such shares upon the Participant’s termination of Service or failure of a performance condition to be satisfied. 

2.2    Construction. Captions and titles in this Plan are for convenience only and do not affect the meaning
or interpretation of any of its provisions. Except when otherwise indicated by the context, the singular will include the plural and the plural will include the singular. Use of the term “or” is not intended to be exclusive, unless the
context clearly requires otherwise. 

3.    ADMINISTRATION. 

3.1    Administration by the Board. The Plan is administered by the Board. All questions of interpretation of
the Plan, any Award Agreement or any other form of agreement or other document employed by the Company in administering the Plan or any Award will be determined by the Board, and such determinations will be final, binding and conclusive upon all

  
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persons having an interest in the Plan or such Award and must be afforded the maximum deference permitted by law. Any and all actions, decisions and determinations taken or made by the Board in
the exercise of its discretion pursuant to the Plan or Award Agreement or other agreement thereunder (other than determining questions of interpretation pursuant to the preceding sentence) will be final, binding and conclusive upon all persons
having an interest therein. All expenses incurred in connection with the administration of the Plan will be paid by the Company. 

3.2    Authority to Delegate. The Board may delegate some or all of its authority and responsibility under
the Plan to a Committee. To the extent permitted by applicable law, the Board may, in its discretion, delegate to a committee consisting of one or more Officers the authority to grant one or more Awards, without further approval of the Board, to any
Employee, other than a person who, at the time of such grant, is an Insider, and to exercise such other powers under the Plan as the Board may determine; provided, however, that (a) the Board will fix the maximum number of shares subject to
Awards that may be granted by such Officers, (b) each such Award will be subject to the terms and conditions of the appropriate standard form of Award Agreement approved by the Board and will conform to the provisions of the Plan, and
(c) each such Award will conform to such other limits and guidelines as may be established from time to time by the Board. Any Officer will have the authority to act on behalf of the Company with respect to any matter, right, obligation,
determination or election that is the responsibility of the Company under the Plan, provided that the Officer has apparent authority with respect to such matter, right, obligation, determination or election. 

3.3    Powers of the Board. In addition to any other powers set forth in the Plan and subject to the
provisions of the Plan, the Board will have the full and final power and authority, in its discretion: 
 (a)    to
determine the persons to whom, and the times at which, Awards are granted and the number of shares of Stock or units to subject to each Award; 

(b)    to determine the type of Award granted; 

(c)    to determine the Fair Market Value of shares of Stock or other property; 

(d)    to determine the terms, conditions and restrictions applicable to each Award (which need not be identical) and any
shares of Stock acquired pursuant thereto, including, without limitation, (i) the exercise or purchase price of shares pursuant to any Award, (ii) the method of payment for shares of Stock purchased pursuant to any Award, (iii) the
method for satisfaction of any tax withholding obligation arising in connection with any Award, including by the withholding or delivery of shares of Stock, (iv) the timing, terms and conditions of the exercisability or vesting of any Award or
any shares acquired pursuant thereto, (v) the time of expiration of any Award, (vi) the effect of any Participant’s termination of Service on any of the foregoing, (vii) to include a provision whereby the shares of Stock
resulting from an Award are subject to a requirement that they be voted in favor of and, if applicable, transferred in connection with a Change in Control provided certain conditions are met, as set forth in the applicable Award Agreement, and
(viii) all other terms, conditions and restrictions applicable to any Award or shares acquired pursuant thereto not inconsistent with the terms of the Plan; 

  
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 (e)    to determine whether an Award will be settled in shares of
Stock, cash, other property or in any combination thereof; 
 (f)    to approve one or more forms of Award Agreement;

 (g)    to amend, modify, extend, cancel or renew any Award or to waive any restrictions or conditions applicable to
any Award or any shares of Stock acquired pursuant thereto; 
 (h)    to institute and determine the terms and
conditions of an Exchange Program; 
 (i)    to accelerate, continue, extend or defer the exercisability or vesting of
any Award or any shares of Stock acquired pursuant thereto, including with respect to the period following a Participant’s termination of Service; 

(j)    to prescribe, amend or rescind rules, guidelines and policies relating to the Plan, and to adopt sub-plans or supplements to, or alternative versions of, the Plan, including, without limitation, as the Board deems necessary or desirable to comply with the laws of, or to accommodate the tax policy, accounting
principles or custom of, foreign jurisdictions whose residents may be granted Awards; and 
 (k)    to correct any
defect, supply any omission or reconcile any inconsistency in the Plan or any Award Agreement and to make all other determinations and take all other actions with respect to the Plan or any Award that the Board deems advisable to the extent not
inconsistent with the provisions of the Plan or applicable law. 
 3.4    Administration with Respect to
Insiders. With respect to participation by Insiders in the Plan, at any time that any class of equity security of the Company is registered pursuant to Section 12 of the Exchange Act, the Plan must be administered in compliance with
the requirements, if any, of Rule 16b-3. 

3.5    Indemnification. To the maximum extent permitted by applicable law and by the Company’s charter
and by-laws, the Board, Officers and employees of the Participating Company Group to whom authority to act for the Board or the Committee with respect to the Plan, will be indemnified by the Company in respect
of all their activities taken in good faith under the Plan. 
 4.    SHARES SUBJECT
TO PLAN. 

4.1    Maximum Number of Shares Issuable. Subject to adjustment as provided in Sections 4.2 and 4.3, the
maximum aggregate number of shares of Stock that may be issued under the Plan will be Nine Hundred Twenty Seven Thousand Seventy-Seven (927,077) and such shares may consist of authorized but unissued or reacquired shares of Stock or any combination
thereof. Notwithstanding the foregoing, at any such time as the offer and sale of 

  
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securities pursuant to the Plan is subject to compliance with Section 260.140.45 of Title 10 of the California Code of Regulations
(“Section 260.140.45”), the total number of shares of Stock issuable upon the exercise of all outstanding Awards (together with options outstanding under any other Equity
Incentive Plan of the Company) and the total number of shares provided for under any stock bonus or similar plan of the Company may not exceed thirty percent (30%) (or such other higher percentage limitation as may be approved by the stockholders of
the Company pursuant to Section 260.140.45) of the then outstanding shares of the Company as calculated in accordance with the conditions and exclusions of Section 260.140.45. 

4.2    Share Counting. If an outstanding Award for any reason expires or is terminated or canceled without having
been exercised or settled in full, or if shares of Stock acquired pursuant to an Award subject to forfeiture or repurchase are forfeited or repurchased by the Company for an amount not greater than the Participant’s exercise or purchase price
or is surrendered pursuant to an Exchange Program, the shares of Stock allocable to the terminated portion of such Award or such forfeited or repurchased shares of Stock will again be available for issuance under the Plan. Shares of Stock will not
be treated as issued pursuant to the Plan (a) with respect to any portion of an Award that is settled in cash or (b) to the extent such shares are withheld or reacquired by the Company in satisfaction of tax withholding obligations
pursuant to Section 11.2. If the exercise price of an Option is paid by tender to the Company, or attestation to the ownership, of shares of Stock owned by the Participant, or by means of a Net Exercise, the number of shares available for
issuance under the Plan will be reduced by the net number of shares issued upon the exercise of the Option. 

4.3    Adjustments for Changes in Capital Structure. Subject to any required action by the
stockholders of the Company and the requirements of Sections 409A and 424 of the Code to the extent applicable, in the event of any change in the Stock effected without receipt of consideration by the Company, whether through merger,
consolidation, reorganization, reincorporation, recapitalization, reclassification, stock dividend, stock split, reverse stock split, split-up, split-off, spin-off, combination of shares, exchange of shares, or similar change in the capital structure of the Company, or in the event of payment of a dividend or distribution to the stockholders of the Company in a form
other than Stock (excepting regular, periodic cash dividends) that has a material effect on the Fair Market Value of shares of Stock, appropriate and proportionate adjustments must be made in the number and kind of shares subject to the Plan and to
any outstanding Awards, in the ISO Share Limit set forth in Section 5.3(a), and in the exercise or purchase price per share under any outstanding Awards in order to prevent dilution or enlargement of Participants’ rights under the Plan.
For purposes of the foregoing, conversion of any convertible securities of the Company will not be treated as “effected without receipt of consideration by the Company.” If a majority of the shares that are of the same class as the shares
that are subject to outstanding Awards are exchanged for, converted into, or otherwise become (whether or not pursuant to an Ownership Change Event) shares of another corporation (the “New Shares”), the Board
may unilaterally amend the outstanding Awards to provide that such Awards are for New Shares. In the event of any such amendment, the number of shares subject to, and the exercise or purchase price per share of, the outstanding Awards will be
adjusted in a fair and equitable manner as determined by the Board, in its discretion. Any fractional share resulting from an adjustment pursuant to this Section will be rounded down to the nearest whole number, and the exercise or purchase price
per share will be rounded up to the nearest whole cent. In no event may the exercise or purchase price, if any, under any Award be 

  
 9 

 
decreased to an amount less than the par value, if any, of the stock subject to the Award. Such adjustments will be determined by the Board, and its determination will be final, binding and
conclusive upon all persons having an interest therein. 
 4.4    Assumption or Substitution of Awards.
The Board may, without affecting the number of shares of Stock available pursuant to Section 4.1, authorize the issuance or assumption of benefits under this Plan in connection with any merger, consolidation, acquisition of property or stock,
or reorganization upon such terms and conditions as it may deem appropriate, subject to compliance with Section 409A and any other applicable provisions of the Code. 

5.    ELIGIBILITY, PARTICIPATION AND OPTION
LIMITATIONS. 
 5.1    Persons
Eligible for Awards. Awards may be granted only to Employees, Consultants and Directors. 

5.2    Participation in the Plan. Awards are granted solely at the discretion of the Board. Eligible persons
may be granted more than one Award. However, eligibility in accordance with this Section will not entitle any person to be granted an Award, or, having been granted an Award, to be granted an additional Award. 

5.3    Incentive Stock Option Limitations. 

(a)    Maximum Number of Shares Issuable Pursuant to Incentive Stock Options. Subject to
Section 4.1 and adjustment as provided in Sections 4.2 and 4.3, the maximum aggregate number of shares of Stock that may be issued under the Plan pursuant to the exercise of Incentive Stock Options may not exceed Nine Hundred Twenty Seven
Thousand Seventy-Seven (927,077) shares (the “ISO Share Limit”). The maximum aggregate number of shares of Stock that may be issued under the Plan pursuant to all Awards other than Incentive Stock Options
will be the number of shares determined in accordance with Section 4.1, subject to adjustment as provided in Sections 4.2 and 4.3. 

(b)    Persons Eligible. An Incentive Stock Option may be granted only to a person who, on the
effective date of grant, is an Employee. Any person who is not an Employee on the effective date of the grant of the Option may be granted only a Nonstatutory Stock Option. 

(c)    Fair Market Value Limitation. To the extent that Options designated as Incentive Stock Options
(granted under all Equity Incentive Plans of the Participating Company Group, including the Plan) become exercisable by a Participant for the first time during any calendar year for Stock having a Fair Market Value greater than $100,000, the portion
of such Options that exceeds such amount will be treated as Nonstatutory Stock Options. For purposes of this Section, Options designated as Incentive Stock Options will be taken into account in the order in which they were granted, and the Fair
Market Value of Stock will be determined as of the time the Option with respect to such Stock is granted. If an Option is treated as an Incentive Stock Option in part and as a Nonstatutory Stock Option in part by reason of the limitation set forth
in this Section, the Participant may designate the portion of such Option the Participant is exercising. In the absence of such designation, the Participant will be deemed to have exercised the Incentive Stock Option portion of the Option first.
Upon exercise of the Option, shares of Stock issued pursuant to each such portion will be separately identified. 

  
 10 

 6.    STOCK OPTIONS. 

Each Option must be evidenced by an Award Agreement specifying the number of shares of Stock covered thereby, in such form as the Board
establishes. The Award Agreement may incorporate all or any of the terms of the Plan by reference and must comply with and will be subject to the following terms and conditions: 

6.1    Exercise Price. The Board will establish, in its discretion, the exercise price for each
Option; provided, however, that (a) the exercise price per share for an Option may not be less than 100% of the Fair Market Value of a share of Stock on the effective date of grant of the Option and (b) no Incentive Stock Option granted to
a Ten Percent Stockholder may have an exercise price per share less than 110% of the Fair Market Value of a share of Stock on the effective date of grant of the Option. 

6.2    Exercisability and Term of Options. Options will be exercisable at such time or times, or upon
such event or events, and subject to such terms, conditions, performance criteria and restrictions as determined by the Board and set forth in the Award Agreement evidencing such Option; provided, however, that (a) no Option will be exercisable
after the expiration of 10 years after the effective date of grant of such Option, (b) no Incentive Stock Option granted to a Ten Percent Stockholder will be exercisable after the expiration of five (5) years after the effective date of
grant of such Option, and (c) no Option granted to an Employee who is a non-exempt employee for purposes of the Fair Labor Standards Act of 1938, as amended, will be first exercisable until at least six
(6) months following the date of grant of such Option (except in the event of such Employee’s death, Disability or retirement, upon a Change in Control, or as otherwise permitted by the Worker Economic Opportunity Act). Subject to the
foregoing, unless otherwise specified by the Board in the grant of an Option, each Option will terminate 10 years after the effective date of grant of the Option, unless earlier terminated in accordance with its provisions. 

6.3    Payment of Exercise Price. 

(a)    Forms of Consideration Authorized. Except as otherwise provided below, payment of the exercise price
for the number of shares of Stock being purchased pursuant to any Option must be made (i) in cash, by check or in cash equivalent, (ii) if permitted by the Board and subject to the limitations contained in Section 6.3(b), by means of
(1) a Stock Tender Exercise, (2) a Cashless Exercise or (3) a Net Exercise; (iii) by such other consideration as may be approved by the Board from time to time to the extent permitted by applicable law, or (iv) by any
combination thereof. The Board may grant Options which do not permit all of the foregoing forms of consideration to be used in payment of the exercise price or which otherwise restrict one or more forms of consideration. 

(b)    Limitations on Forms of Consideration. 

(i)    Stock Tender Exercise. A “Stock Tender Exercise” means the delivery of
a properly executed exercise notice accompanied by a Participant’s tender 

  
 11 

 
to the Company, or attestation to the ownership, in a form acceptable to the Company of whole shares of Stock owned by the Participant having a Fair Market Value that does not exceed the
aggregate exercise price for the shares of Stock with respect to which the Option is exercised. A Stock Tender Exercise will not be permitted if it would constitute a violation of any law, regulation or agreement restricting the Company’s
redemption of Stock. If required by the Company, an Option may not be exercised by tender to the Company, or attestation to the ownership, of shares of Stock unless such shares either have been owned by the Participant for a period of time required
by the Company (and not used for another option exercise by attestation during such period) or were not acquired, directly or indirectly, from the Company. 

(ii)    Cashless Exercise. A Cashless Exercise will be permitted only upon the class of shares subject to the
Option becoming publicly traded in an established securities market. A “Cashless Exercise” means the delivery of a properly executed exercise notice together with irrevocable instructions to a broker providing
for the assignment to the Company of the proceeds of a sale or loan with respect to some or all of the shares of Stock being acquired upon the exercise of the Option (including, without limitation, through an exercise complying with the provisions
of Regulation T as promulgated from time to time by the Board of Governors of the Federal Reserve System). The Company reserves, at any and all times, the right, in the Company’s sole and absolute discretion, to establish, decline to
approve or terminate any program or procedures for the exercise of Options by means of a Cashless Exercise, including with respect to one or more Participants specified by the Company notwithstanding that such program or procedures may be available
to other Participants. 
 (iii)    Net Exercise. A “Net Exercise” means
the delivery of a properly executed exercise notice followed by a procedure pursuant to which (1) the Company will reduce the number of shares of Stock otherwise issuable to a Participant upon the exercise of an Option by the largest whole
number of shares having a Fair Market Value that does not exceed the aggregate exercise price for the shares with respect to which the Option is exercised, and (2) the Participant will pay to the Company in cash the remaining balance of such
aggregate exercise price not satisfied by such reduction in the number of whole shares to be issued. 
 6.4    Effect
of Termination of Service. 
 (a)    Option Exercisability. Subject to earlier termination of
the Option as otherwise provided by this Plan and unless a longer exercise period is provided by the Board, an Option will terminate immediately upon the Participant’s termination of Service to the extent that it is then unvested and will be
exercisable after the Participant’s termination of Service to the extent it is then vested only during the applicable time period determined in accordance with this Section and thereafter will terminate: 

(i)    Disability. If the Participant’s Service terminates because of the Disability of the Participant, the
Option, to the extent unexercised and exercisable for vested shares on the date on which the Participant’s Service terminated, may be exercised by the Participant (or the Participant’s guardian or legal representative) at any time prior to
the expiration six (6) months (or such longer period provided by the Award Agreement) after the date on which the Participant’s Service terminated, but in any event no later than the date of expiration of the Option’s term as set
forth in the Award Agreement evidencing such Option (the “Option Expiration Date”). 

  
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 (ii)    Death. If the Participant’s Service terminates
because of the death of the Participant, the Option, to the extent unexercised and exercisable for vested shares on the date on which the Participant’s Service terminated, may be exercised by the Participant’s legal representative or other
person who acquired the right to exercise the Option by reason of the Participant’s death at any time prior to the expiration of six (6) months (or such longer period provided by the Award Agreement) after the date on which the
Participant’s Service terminated, but in any event no later than the Option Expiration Date. The Participant’s Service will be deemed to have terminated on account of death if the Participant dies within 30 days (or such longer period
provided by the Board) after the Participant’s termination of Service. 
 (iii)    Termination for Cause.
Notwithstanding any other provision of the Plan to the contrary, if the Participant’s Service is terminated for Cause, the Option will cease to be exercisable immediately upon such termination of Service. 

(iv)    Other Termination of Service. If the Participant’s Service terminates for any reason, except
Disability, death or Cause, the Option, to the extent unexercised and exercisable for vested shares on the date on which the Participant’s Service terminated, may be exercised by the Participant at any time prior to the expiration of 30 days
(or such longer period provided by the Award Agreement) after the date on which the Participant’s Service terminated, but in any event no later than the Option Expiration Date. 

(b)    Extension if Exercise Prevented by Law. Notwithstanding the foregoing other than termination
of Service for Cause, if the exercise of an Option within the applicable time periods set forth in Section 6.4(a) is prevented by the provisions of Section 13 below, the Option will remain exercisable until the later of (i) 30 days
after the date such exercise first would no longer be prevented by such provisions or (ii) the end of the applicable time period under Section 6.4(a), but in any event no later than the Option Expiration Date. 

6.5    Transferability of Options. During the lifetime of the Participant, an Option is exercisable only by
the Participant or the Participant’s guardian or legal representative. An Option is not subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant
or the Participant’s beneficiary, except (a) transfer by will or by the laws of descent and distribution or (b) to the extent permitted by the Board, in its discretion, subject to the applicable limitations, if any, described in
Rule 701 under the Securities Act and the General Instructions to Form S-8 Registration Statement under the Securities Act or, in the case of an Incentive Stock Option, only as permitted by applicable
regulations under Section 421 of the Code in a manner that does not disqualify such Option as an Incentive Stock Option. 

7.    RESTRICTED STOCK
AWARDS. 
 Each Restricted Stock Award must be evidenced by
an Award Agreement specifying whether the Award is a Restricted Stock Bonus or a Restricted Stock Purchase Right and the number of shares of Stock subject to the Award, in such form as the Board establishes.

  
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The Award Agreements may incorporate all or any of the terms of the Plan by reference and must comply with and will be subject to the following terms and conditions: 

7.1    Types of Restricted Stock Awards Authorized. Restricted Stock Awards may be granted in the form of either a
Restricted Stock Bonus or a Restricted Stock Purchase Right. Restricted Stock Awards may be granted upon such conditions as the Board determines, including the attainment of one or more performance goals. 

7.2    Purchase Price. The purchase price for shares of Stock issuable under each Restricted Stock Purchase Right
will be established by the Board in its discretion. No monetary payment (other than applicable tax withholding) is required as a condition of receiving shares of Stock pursuant to a Restricted Stock Bonus, the consideration for which is services
actually rendered to a Participating Company or for its benefit. However, if required by applicable state corporate law, the Participant must furnish consideration in the form of cash or past services rendered to a Participating Company or for its
benefit having a value not less than the par value of the shares of Stock subject to a Restricted Stock Award. 

7.3    Purchase Period. A Restricted Stock Purchase Right is exercisable within a period established by the Board
not exceeding 30 days from the effective date of the grant of the Restricted Stock Purchase Right. 
 7.4    Payment
of Purchase Price. Payment of the purchase price for the number of shares of Stock being purchased pursuant to any Restricted Stock Purchase Right must be made (a) in cash, by check or in cash equivalent, (b) by such other
consideration as may be approved by the Board from time to time to the extent permitted by applicable law, or (c) by any combination thereof. 

7.5    Vesting and Restrictions on Transfer. Shares issued pursuant to any Restricted Stock Award may (but need
not) be made subject to Vesting Conditions based upon the satisfaction of such Service requirements, conditions, restrictions or performance criteria established by the Board and set forth in the Award Agreement. During any period in which shares
acquired pursuant to a Restricted Stock Award remain subject to Vesting Conditions, such shares may not be sold, exchanged, transferred, pledged, assigned or otherwise disposed of other than pursuant to an Ownership Change Event or as provided in
Section 7.8. Upon request by the Company, each Participant must execute any agreement evidencing such transfer restrictions prior to the receipt of shares of Stock and must promptly present to the Company any and all certificates representing
shares of Stock for the placement on such certificates of appropriate legends evidencing such transfer restrictions. 

7.6    Voting Rights; Dividends and Distributions. Except as provided in this Section,
Section 7.5and any Award Agreement, during any period in which shares acquired pursuant to a Restricted Stock Award remain subject to Vesting Conditions, the Participant will have all of the rights of a stockholder of the Company holding shares
of Stock, including the right to vote such shares and to receive all dividends and other distributions paid with respect to such shares; provided, however, that if so determined by the Board and provided by the Award Agreement, such dividends and
distributions will be subject to the same Vesting Conditions as the shares subject to the Restricted Stock Award with respect to which such dividends or 

  
 14 

 
distributions were paid, and otherwise will be paid no later than the end of the calendar year in which such dividends or distributions are paid to stockholders (or, if later, the 15th day of the
third month following the date such dividends or distributions are paid to stockholders). In the event of a dividend or distribution paid in shares of Stock or other property or any other adjustment made upon a change in the capital structure of the
Company as described in Section 4.3, any and all new, substituted or additional securities or other property (other than regular, periodic cash dividends) to which the Participant is entitled by reason of the Participant’s Restricted Stock
Award will be immediately subject to the same Vesting Conditions as the shares subject to the Restricted Stock Award with respect to which such dividends or distributions were paid or adjustments were made. 

7.7    Effect of Termination of Service. Unless otherwise provided by the Board in the Award Agreement evidencing a
Restricted Stock Award, if a Participant’s Service terminates for any reason, whether voluntary or involuntary (including the Participant’s death or Disability), then (a) the Company will have the option to repurchase for the purchase
price paid by the Participant any shares acquired by the Participant pursuant to a Restricted Stock Purchase Right that remain subject to Vesting Conditions as of the date of the Participant’s termination of Service and (b) the Participant
will forfeit to the Company for no consideration any shares acquired by the Participant pursuant to a Restricted Stock Bonus which remain subject to Vesting Conditions as of the date of the Participant’s termination of Service. The Company will
have the right to assign at any time any repurchase right it may have, whether or not such right is then exercisable, to one or more persons as may be selected by the Company. 

7.8    Nontransferability of Restricted Stock Award Rights. Rights to acquire shares of Stock pursuant to a
Restricted Stock Award will not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance or garnishment by creditors of the Participant or the Participant’s beneficiary, except transfer by
will or the laws of descent and distribution. All rights with respect to a Restricted Stock Award granted to a Participant hereunder will be exercisable during his or her lifetime only by such Participant or the Participant’s guardian or legal
representative. 
 8.    RESTRICTED STOCK UNITS. 

Each Restricted Stock Unit Award must be evidenced by an Award Agreement specifying the number of Restricted Stock Units subject to the Award,
in such form as the Board establishes. The Award Agreements may incorporate all or any of the terms of the Plan by reference and must comply with and will be subject to the following terms and conditions: 

8.1    Grant of Restricted Stock Unit Awards. Restricted Stock Unit Awards may be granted upon such conditions as
the Board determines, including the attainment of one or more performance goals. 
 8.2    Purchase Price. No
monetary payment (other than applicable tax withholding, if any) is required as a condition of receiving a Restricted Stock Unit Award, the consideration for which is services actually rendered to a Participating Company or for its benefit. However,
if required by applicable state corporate law, the Participant must furnish consideration in the form of cash or past services rendered to a Participating Company or for its benefit having a value not less than the par value of the shares of Stock
issued upon settlement of the Restricted Stock Unit Award. 

  
 15 

 8.3    Vesting. Restricted Stock Unit Awards may (but need not)
be made subject to Vesting Conditions based upon the satisfaction of such Service requirements, conditions, restrictions or performance criteria established by the Board and set forth in the Award Agreement. 

8.4    Voting Rights, and Distributions. Participants will have no voting rights with respect to shares of Stock
represented by Restricted Stock Units until the date of the issuance of such shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company). In the event of a dividend or distribution
paid in shares of Stock or other property or any other adjustment made upon a change in the capital structure of the Company as described in Section 4.3, appropriate adjustments will be made in the Participant’s Restricted Stock Unit Award
so that it represents the right to receive upon settlement any and all new, substituted or additional securities or other property (other than regular, periodic cash dividends) to which the Participant would be entitled by reason of the shares of
Stock issuable upon settlement of the Award, and all such new, substituted or additional securities or other property will be immediately subject to the same Vesting Conditions as are applicable to the Award. 

8.5    Effect of Termination of Service. Unless otherwise provided by the Board and set forth in the Award
Agreement evidencing a Restricted Stock Unit Award, if a Participant’s Service terminates for any reason, whether voluntary or involuntary (including the Participant’s death or disability), then the Participant will forfeit to the Company
any Restricted Stock Units pursuant to the Award which remain subject to Vesting Conditions as of the date of the Participant’s termination of Service. 

8.6    Settlement of Restricted Stock Unit Awards. The Company will issue to a Participant on the date on which
Restricted Stock Units subject to the Participant’s Restricted Stock Unit Award vest or on such other date determined by the Board in compliance with Section 409A, if applicable, and set forth in the Award Agreement one (1) share of
Stock (and/or any other new, substituted or additional securities or other property pursuant to an adjustment described in Section 8.4) for each Restricted Stock Unit then becoming vested or otherwise to be settled on such date, subject to the
withholding of applicable taxes, if any. The Board, in its discretion, may provide in any Award Agreement evidencing a Restricted Stock Unit Award that if the settlement date with respect to any shares issuable upon vesting of Restricted Stock Units
would otherwise occur on a day on which the sale of such shares would violate the provisions of the Trading Compliance Policy, then the settlement date will be deferred until the next trading day on which the sale of such shares would not violate
the Trading Compliance Policy but in any event no later than the 15th day of the third calendar month following the year in which such Restricted Stock Units vest. If permitted by the Board, the
Participant may elect, consistent with the requirements of Section 409A, to defer receipt of all or any portion of the shares of Stock or other property otherwise issuable to the Participant pursuant to this Section, and such deferred issuance
date(s) and amount(s) elected by the Participant must be set forth in the Award Agreement. Notwithstanding the foregoing, the Board, in its discretion, may provide for settlement of any Restricted Stock Unit Award by payment to the Participant in
cash of an amount equal to the Fair Market Value on the payment date of the shares of Stock or other property otherwise issuable to the Participant pursuant to this Section. 

  
 16 

 8.7    Nontransferability of Restricted Stock Unit Awards. The
right to receive shares pursuant to a Restricted Stock Unit Award will not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant or the
Participant’s beneficiary, except transfer by will or by the laws of descent and distribution. All rights with respect to a Restricted Stock Unit Award granted to a Participant hereunder will be exercisable during his or her lifetime only by
such Participant or the Participant’s guardian or legal representative. 
 9.    OTHER
STOCK-BASED AWARDS. 
 Other forms of Awards valued in
whole or in part by reference to, or otherwise based on, Stock, including the appreciation in value thereof, may be granted either alone or in addition to other Awards. Subject to the provisions of the Plan, the Board will have sole and complete
authority to determine the persons to whom and the time or times at which such Other Stock-Based Awards will be granted, the number of shares of Stock (or the cash equivalent thereof) to be granted pursuant to such Other Stock-Based Awards and all other terms and conditions of such Other Stock-Based Awards. 

10.    CHANGE IN CONTROL; DISSOLUTION OR
LIQUIDATION. 
 10.1    Effect of
Change in Control on Awards. In the event of a Change in Control, outstanding Awards will be subject to the definitive agreement entered into by the Company in connection with the Change in Control or as otherwise determined by the
Board, including any requirement thereunder that the Participant sign a letter of transmittal, cancellation agreement, release of claims or other similar acknowledgement or agreement. Subject to the requirements and limitations of Section 409A,
if applicable, the Board may provide for any one or more of the following: 
 (a)    Accelerated Vesting.
In its discretion, the Board may provide in the grant of any Award or at any other time may take any action it deems appropriate to provide for acceleration of the exercisability and/or vesting in connection with a Change in Control of each or any
outstanding Award (or portion thereof) and shares acquired pursuant any Award upon such conditions, including termination of the Participant’s Service prior to, upon, or following the Change in Control, and to such extent as the Board
determines. 
 (b)    Assumption, Continuation or Substitution of Awards. In the event of a Change in
Control, the surviving, continuing, successor, or purchasing corporation or other business entity or parent thereof, as the case may be (the “Acquiror”), may, without the consent of any Participant, assume or
continue the Company’s rights and obligations under each or any Award (or portion thereof) outstanding immediately prior to the Change in Control or substitute for each or any such outstanding Award or portion thereof a substantially equivalent
award with respect to the Acquiror’s stock. The holder of any Award (or portion thereof) that is neither assumed, continued by, or substituted for by the Acquiror in connection with the Change in Control will be given reasonable advance notice
by the Company (in writing or electronically) 

  
 17 

 
regarding the treatment of such Award in the Change in Control and, to the extent any such Award is not exercised as of the time of consummation of the Change in Control, such Award will
terminate and cease to be outstanding effective as of the time of consummation of the Change in Control. For the purposes of this subsection (b), an Award will be considered assumed, continued, or substituted for if, following the Change in
Control, the Award confers the right to purchase or receive, for each share of Stock subject to the Award immediately prior to the Change in Control, the consideration (whether stock, cash, or other securities or property) received in the Change in
Control by holders of Stock for each share held on the effective date of the transaction (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding shares of Stock);
provided, however, that if such consideration received in the Change in Control is not solely common stock of the Acquiror or its Parent, the Board may, with the consent of the successor corporation, provide for the consideration to be received upon
the exercise or settlement of the Award, for each share of Stock subject to such Award, to be solely common stock of the Acquiror or its Parent equal in Fair Market Value to the per share consideration received by holders of Stock in the Change in
Control. Notwithstanding anything in this subsection (b) to the contrary, and unless otherwise provided in an Award Agreement, an Award that vests, is earned or paid-out upon the satisfaction of one or
more performance goals will not be considered assumed if the Company or its successor modifies any of such performance goals without the Participant’s consent; provided, however, that a modification to such performance goals only to reflect the
successor corporation’s post-Change in Control corporate structure will not be deemed to invalidate an otherwise valid Award assumption. 

(c)    Cash-Out of Outstanding Awards. The Board may, in its
discretion and without the consent of any Participant, determine that, upon the occurrence of a Change in Control, each or any Award or portion thereof outstanding immediately prior to the Change in Control and not previously exercised or settled
will be canceled in exchange for a payment with respect to each vested share (and each unvested share, if so determined by the Board) of Stock subject to such canceled Award in (i) cash, (ii) stock of the Company or of a corporation or other
business entity a party to the Change in Control, or (iii) other property which, in any such case, must be in an amount having a Fair Market Value equal to the Fair Market Value of the consideration to be paid per share of Stock in the Change
in Control, reduced (but not below zero) by the exercise or purchase price per share, if any, under such Award. If any portion of such consideration may be received by holders of Stock pursuant to the Change in Control on a contingent or delayed
basis including pursuant to an escrow, earn-out, holdback or similar arrangement applicable to Company stockholders generally, the Board may, in its sole discretion, (i) determine such Fair Market Value
per share as of the time of the Change in Control on the basis of the Board’s good faith estimate of the present value of the probable amount of future payment of such consideration, or (ii) subject such consideration to the contingencies
or delayed payments terms, including pursuant to an escrow, earn-out, holdback or similar arrangement, applicable to Company stockholders generally in the Change in Control. In the event a determination under
this subsection (c) is made by the Board, an Award having an exercise or purchase price per share equal to or greater than the Fair Market Value of the consideration to be paid per share of Stock in the Change in Control may be canceled without
payment of consideration to the holder thereof. 

  
 18 

 (d)    Award Subject to
Section 409A.Notwithstanding any provision of the Plan or an Award Agreement to the contrary, to the extent that any amount constituting nonqualified deferred compensation subject to Section 409A
would become payable under this Plan by reason of a Change in Control, such amount will become payable only if the event constituting a Change in Control would also constitute a change in ownership or effective control of the Company or a change in
the ownership of a substantial portion of the assets of the Company within the meaning of Section 409A. Any Award that constitutes Section 409A deferred compensation and that would vest and otherwise become payable upon a Change in Control
in accordance with Section 10.1(a) will vest to the extent provided by such Award but will be converted automatically at the effective time of the Change in Control into a right to receive, in cash on the date or dates such award would have
been settled in accordance with its then existing settlement schedule or otherwise at the earliest time that would not result in taxation under Section 409A, an amount or amounts equal in the aggregate to the intrinsic value of the Award at the
time of the Change in Control. 
 (e)    Treatment of Awards. In taking any of the actions
permitted under this Section 10.1, the Board will not be required to treat all Awards, all Awards held by a Participant, or all Awards of the same type, similarly in the Change in Control transaction. 

10.2    Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company,
the Board will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it previously has not been exercised, an Award will terminate immediately prior to the consummation of such
proposed action. 
 11.    TAX
WITHHOLDING. 
 11.1    Tax
Withholding in General. The Company has the right to deduct from any and all payments made under the Plan, or to require the Participant, through payroll withholding, cash payment or otherwise, to make adequate provision for, the federal, state,
local and foreign taxes (including social insurance), if any, required by law to be withheld by any Participating Company with respect to an Award or the shares acquired pursuant thereto. The Company has no obligation to deliver shares of Stock, to
release shares of Stock from an escrow established pursuant to an Award Agreement, or to make any payment in cash under the Plan until the Participating Company Group’s tax withholding obligations have been satisfied by the Participant. 

11.2    Withholding in or Directed Sale of Shares. The Company has the right, but not the obligation, to deduct
from the shares of Stock issuable to a Participant upon the exercise, vesting or settlement of an Award, or to accept from the Participant the tender of, a number of whole shares of Stock having a Fair Market Value, as determined by the Company,
equal to all or any part of the tax withholding obligations of any Participating Company. The Fair Market Value of any shares of Stock withheld or tendered to satisfy any such tax withholding obligations may not exceed the amount determined by the
applicable minimum statutory withholding rates. The Company may require a Participant to direct a broker, upon the vesting, exercise or settlement of an Award, to sell a portion of the shares subject to the Award determined by the Company in its
discretion to be sufficient to cover the tax withholding obligations of any Participating Company and to remit an amount equal to such tax withholding obligations to the Participating Company in cash. 

  
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 11.3    Section 83(i) Election Not Permitted. The Company will
not establish an escrow arrangement in accordance with Section 83(i)(3)(A)(ii) of the Code intended to satisfy the income tax withholding requirements with respect to qualified stock. Accordingly, no Participant will be permitted to make an
election under Section 83(i) of the Code with respect to any shares of Stock acquired upon the exercise of an Option or upon the settlement of Restricted Stock Units. 

12.    COMPLIANCE WITH
SECTION 409A. 
 The Plan
and all Awards are intended to comply with, or otherwise be exempt from, Section 409A. The Plan and all Awards will be administered, interpreted, and construed in a manner consistent with Section 409A, as determined by the Company in good
faith, to the extent necessary to avoid the imposition of additional taxes under Section 409A(a)(1)(B) of the Code. It is intended that any election, payment or benefit which is made or provided pursuant to or in connection with any Award that
may result in nonqualified deferred compensation within the meaning of Section 409A will comply in all respects with the applicable requirements of Section 409A. Notwithstanding the foregoing, neither the Company nor the Board will have
any obligation to take any action to prevent the assessment of any tax or penalty on any Participant under Section 409A, and neither the Company nor the Board will have any liability to any Participant for such tax or penalty. 

13.    COMPLIANCE WITH SECURITIES
LAW. 
 The grant of Awards and the issuance of shares of
Stock pursuant to any Award will be subject to compliance with all applicable requirements of federal, state and foreign law with respect to such securities and the requirements of any stock exchange or market system upon which the Stock may then be
listed. In addition, no Award may be exercised or shares issued pursuant to an Award unless (a) a registration statement under the Securities Act will at the time of such exercise or issuance be in effect with respect to the shares issuable
pursuant to the Award or (b) the shares issuable pursuant to the Award may be issued in accordance with the terms of an applicable exemption from the registration requirements of the Securities Act. The inability of the Company to obtain from
any regulatory body having jurisdiction the authority, if any, deemed by the Company’s legal counsel to be necessary to the lawful issuance and sale of any shares under the Plan will relieve the Company of any liability in respect of the
failure to issue or sell such shares as to which such requisite authority has not been obtained. As a condition to issuance of any Stock, the Company may require the Participant to satisfy any qualifications that may be necessary or appropriate, to
evidence compliance with any applicable law or regulation and to make any representation or warranty with respect thereto as may be requested by the Company. 

14.    AMENDMENT OR TERMINATION OF PLAN
OR AN AWARD. 
 The Board may
amend, suspend or terminate the Plan at any time. However, without the approval of the Company’s stockholders, there must be (a) no increase in the 

  
 20 

 
maximum aggregate number of shares of Stock that may be issued under the Plan (except by operation of the provisions of Sections 4.2 and 4.3), (b) no change in the class of persons
eligible to receive Incentive Stock Options, and (c) no other amendment of the Plan that would require approval of the Company’s stockholders under any applicable law, regulation or rule, including the rules of any stock exchange or
quotation system upon which the Stock may then be listed or quoted. No amendment, suspension or termination of the Plan may affect any then outstanding Award unless expressly provided by the Board. Except as provided by the next sentence, no
amendment, suspension or termination of the Plan or any Award may have a materially adverse effect on any then outstanding Award without the consent of the Participant. Notwithstanding any other provision of the Plan or any Award Agreement to the
contrary, (a) an amendment to the Plan or any Award that may cause an Incentive Stock Option to be treated as a Nonstatutory Stock Option or require the commencement of a new holding period necessary for treatment as an Incentive Stock Option
will not be treated as having a materially adverse effect on the Award and (b) the Board may, in its sole and absolute discretion and without the consent of any Participant, amend the Plan or any Award Agreement, to take effect retroactively or
otherwise, as it deems necessary or advisable for the purpose of conforming the Plan or such Award Agreement to any present or future law, regulation or rule applicable to the Plan, including, but not limited to, Section 409A. 

15.    MISCELLANEOUS PROVISIONS. 

15.1    Restrictions on Transfer of Shares. 

(a)    Shares issued under the Plan may be subject to a right of first refusal, one or more repurchase options, or other
conditions and restrictions as determined by the Board in its discretion at the time the Award is granted. The Company will have the right to assign at any time any repurchase right it may have, whether or not such right is then exercisable, to one
or more persons as may be selected by the Company. Upon request by the Company, each Participant will execute any agreement evidencing such transfer restrictions prior to the receipt of shares of Stock hereunder and will promptly present to the
Company any and all certificates representing shares of Stock for the placement on such certificates of appropriate legends evidencing any such transfer restrictions. 

(b)    Notwithstanding the provisions of any Award Agreement to the contrary, at any time prior to the date on which the
Stock is listed on a national securities exchange (as such term is used in the Exchange Act) or is traded on the over-the-counter market and prices therefore are
published daily on business days in a recognized financial journal, the Board may prohibit any Participant who acquires shares of Stock pursuant to the Plan or any transferee of such Participant from selling, transferring, assigning, pledging, or
otherwise disposing of or encumbering any such shares (each, a “Transfer”) without the prior written consent of the Board. The Board may withhold consent to any Transfer for any reason, including without
limitation any Transfer (i) to any individual or entity identified by the Company as a potential competitor or considered by the Company to be unfriendly, or (ii) if such Transfer increases the risk of the Company having a class of
security held of record by such number of persons as would require the Company to register any class of securities under the Exchange Act; or (iii) if such Transfer would result in the loss of any federal or state securities law exemption
relied upon by the Company in connection with the initial issuance of such shares or 

  
 21 

 
the issuance of any other securities; or (iv) if such Transfer is facilitated in any manner by any public posting, message board, trading portal, Internet site, or similar method of
communication, including without limitation any trading portal or Internet site intended to facilitate secondary transfers of securities; or (v) if such Transfer is to be effected in a brokered transaction; or (vi) if such Transfer would
be of less than all of the shares of Stock then held by the stockholder and its affiliates or is to be made to more than a single transferee. 

15.2    Forfeiture Events. The Board may determine that the Participant’s rights, payments, and
benefits with respect to an Award will be subject to reduction, cancellation, forfeiture, or recoupment upon the occurrence of specified events, in addition to any otherwise applicable vesting or performance conditions of an Award. Such events may
include, but will not be limited to, termination of Service for Cause, any act by a Participant, whether before or after termination of Service, that would constitute Cause for termination of Service, or any accounting restatement due to material
noncompliance of the Company with any financial reporting requirements of securities laws as a result of which, and to the extent that, such reduction, cancellation, forfeiture, or recoupment is required by applicable securities laws.
Notwithstanding any provisions to the contrary under this Plan, an Award will be subject to the Company’s clawback policy as may be established and/or amended from time to time (the “Clawback
Policy”). The Board may require a Participant to forfeit, return or reimburse the Company all or a portion of the Award and any amounts paid thereunder pursuant to the terms of the Clawback Policy or as necessary or appropriate
to comply with applicable law. 
 15.3    Provision of Information. At least annually, copies of the
Company’s balance sheet and income statement for the just completed fiscal year must be made available to each Participant and purchaser of shares of Stock upon the exercise of an Award; provided, however, that this requirement does not apply
if all offers and sales of securities pursuant to the Plan comply with all applicable conditions of Rule 701 under the Securities Act. The Company is not required to provide such information to key persons whose duties in connection with the
Company assure them access to equivalent information. The Company will deliver to each Participant such disclosures as are required in accordance with Rule 701 under the Securities Act. Notwithstanding the foregoing, at any time the Company is
relying on the exemption provided by Rule 12h-1(f) under the Exchange Act, the Company will provide to the applicable Participants the information described in Securities Act Rules 701(e)(3), (4) and
(5) by a method allowed under Rule 12h-1(f)(1)(vi) and in accordance with the requirements of Rule 12h-1(f)(1)(vi), provided that the Participant agrees
to keep the information confidential until the Company becomes subject to the reporting requirements of Section 13 or Section 15(d) of the Exchange Act. 

15.4    Rights as Employee, Consultant or Director. No person, even though eligible pursuant to
Section 5, will have a right to be selected as a Participant, or, having been so selected, to be selected again as a Participant. Nothing in the Plan or any Award granted under the Plan will confer on any Participant a right to remain an
Employee, Consultant or Director or interfere with or limit in any way any right of a Participating Company to terminate the Participant’s Service at any time. To the extent that an Employee of a Participating Company other than the Company
receives an Award under the Plan, that Award will in no event be understood or interpreted to mean that the Company is the Employee’s employer or that the Employee has an employment relationship with the Company. 

  
 22 

 15.5    Rights as a Stockholder. A Participant will have
no rights as a stockholder with respect to any shares of Stock covered by an Award until the date of the issuance of such shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the
Company). No adjustment will be made for dividends, distributions or other rights for which the record date is prior to the date such shares are issued, except as provided in Section 4.3 or another provision of the Plan. 

15.6    Delivery of Title to Shares. Subject to any governing rules or regulations, the Company will issue
or cause to be issued the shares of Stock acquired pursuant to an Award and will deliver such shares to or for the benefit of the Participant by means of one or more of the following: (a) by delivering to the Participant evidence of book entry
shares of Stock credited to the account of the Participant, (b) by depositing such shares of Stock for the benefit of the Participant with any broker with which the Participant has an account relationship, or (c) by delivering such shares
of Stock to the Participant in certificate form. 
 15.7    Fractional Shares. The Company will not be required
to issue fractional shares upon the exercise or settlement of any Award. 
 15.8    Retirement and Welfare
Plans. Neither Awards made under this Plan nor shares of Stock or cash paid pursuant to such Awards may be included as “compensation” for purposes of computing the benefits payable to any Participant under any Participating
Company’s retirement plans (both qualified and non-qualified) or welfare benefit plans unless such other plan expressly provides that such compensation will be taken into account in computing a
Participant’s benefits. 
 15.9    Severability. If any one or more of the provisions (or any part
thereof) of this Plan is held invalid, illegal or unenforceable in any respect, such provision will be modified so as to make it valid, legal and enforceable, and the validity, legality and enforceability of the remaining provisions (or any part
thereof) of the Plan will not in any way be affected or impaired thereby. 
 15.10    No Constraint on Corporate
Action. Nothing in this Plan will be construed to: (a) limit, impair, or otherwise affect the Company’s or another Participating Company’s right or power to make adjustments, reclassifications, reorganizations, or changes
of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets; or (b) limit the right or power of the Company or another Participating Company to take any
action which such entity deems to be necessary or appropriate. 
 15.11    Unfunded Obligation. Participants will
have the status of general unsecured creditors of the Company. Any amounts payable to Participants pursuant to the Plan are considered unfunded and unsecured obligations for all purposes, including, without limitation, Title I of the Employee
Retirement Income Security Act of 1974. No Participating Company will be required to segregate any monies from its general funds, or to create any trusts, or establish any special accounts with respect to such obligations. The Company will retain at
all times beneficial ownership of any investments, including trust investments, which the Company may make to fulfill its payment obligations hereunder. Any investments or the creation or 

  
 23 

 
maintenance of any trust or any Participant account will not create or constitute a trust or fiduciary relationship between the Board or any Participating Company and a Participant, or otherwise
create any vested or beneficial interest in any Participant or the Participant’s creditors in any assets of any Participating Company. The Participants will have no claim against any Participating Company for any changes in the value of any
assets which may be invested or reinvested by the Company with respect to the Plan. 
 15.12    Choice of
Law. Except to the extent governed by applicable federal law, the validity, interpretation, construction and performance of the Plan and each Award Agreement will be governed by the laws of the State of Delaware, without regard to its
conflict of law rules. 
 15.13    Corporate Records. Corporate action constituting the grant of an Award
to any Participant will be deemed completed as of the date of such corporate action, unless a later effective date is expressly provided by the Board in granting the Award, regardless of when the instrument, certificate, or letter evidencing the
Award is communicated to, or actually received or accepted by, the Participant. In the event that the corporate records (including, without limitation, Board written consents in lieu of a meeting, resolutions, or minutes) documenting the corporate
action constituting the grant of the Award contain terms (including, without limitation, the exercise price, vesting schedule or number of shares) that are inconsistent with those contained in the Award Agreement or related grant documents as a
result of a clerical error in the preparation of the Award Agreement or related grant documents, the corporate records will control, and the Participant will have no legally binding right to the incorrect term contained in the Award Agreement or
related grant documents. 
 15.14    Stockholder Approval. The Plan or any increase in the maximum
aggregate number of shares of Stock issuable under the Plan as provided in Section 4.1 (the “Authorized Shares”) must be approved by a majority of the outstanding securities of the Company entitled to vote
within a period beginning twelve (12) months before and ending twelve (12) months after the date of adoption thereof by the Board. Awards granted prior to security holder approval of the Plan or in excess of the Authorized Shares
previously approved by the security holders will become exercisable no earlier than the date of security holder approval of the Plan or such increase in the Authorized Shares, as the case may be, and such Awards will be rescinded if such security
holder approval is not received in the manner described in the preceding sentence. 
 IN WITNESS WHEREOF, the undersigned Secretary
of the Company certifies that the foregoing sets forth the Alpha Teknova, Inc. 2020 Equity Incentive Plan as duly adopted by the Board on August 31, 2020. 

 

	
	 /s/ Damon A. Terrill

Secretary

  
 24 

 AMENDMENT TO THE ALPHA TEKNOVA, INC. 

2020 EQUITY INCENTIVE PLAN 

This Amendment to the Alpha Teknova, Inc. 2020 Equity Incentive Plan (the “Plan”) is effective as of November 3,
2020. 
  

	 	1.	 Section 4.1 of the Plan is hereby deleted in its entirety and replaced with the following new
Section 4.1: 

 “Maximum Number of Shares Issuable. Subject to adjustment as provided in Sections
4.2 and 4.3, the maximum aggregate number of shares of Stock that may be issued under the Plan will be
one-million-six-hundred-seventy-seven-thousand-seventy-seven (1,677,077) and such shares may consist of authorized but unissued
or reacquired shares of Stock or any combination thereof. Notwithstanding the foregoing, at any such time as the offer and sale of securities pursuant to the Plan is subject to compliance with Section 260.140.45 of Title 10 of the California
Code of Regulations (“Section 260.140.45”), the total number of shares of Stock issuable upon the exercise of all outstanding Awards (together with options outstanding under any
other Equity Incentive Plan of the Company) and the total number of shares provided for under any stock bonus or similar plan of the Company may not exceed thirty percent (30%) (or such other higher percentage limitation as may be approved by the
stockholders of the Company pursuant to Section 260.140.45) of the then outstanding shares of the Company as calculated in accordance with the conditions and exclusions of Section 260.140.45.” 

 

	 	2.	 Section 5.3(a) of the Plan is hereby deleted in its entirety and replaced with the following new
Section 5.3(a): 

 Maximum Number of Shares Issuable Pursuant to Incentive Stock Options. Subject to
Section 4.1 and adjustment as provided in Sections 4.2 and 4.3, the maximum aggregate number of shares of Stock that may be issued under the Plan pursuant to the exercise of Incentive Stock Options may not exceed
one-million-six-hundred-seventy-seven-thousand- seventy-seven (1,677,077) shares (the “ISO Share Limit”).
The maximum aggregate number of shares of Stock that may be issued under the Plan pursuant to all Awards other than Incentive Stock Options will be the number of shares determined in accordance with Section 4.1, subject to adjustment as
provided in Sections 4.2 and 4.3. 
 IN WITNESS OF THE FOREGOING, the undersigned Secretary of Alpha Teknova, Inc. (the
“Company”), certifies that the foregoing amendment to the Alpha Teknova, Inc. 2020 Equity Incentive Plan was duly adopted by the Board of Directors of the Company on November 3, 2020. 

 

	
	 /s/ Damon A. Terrill

Damon A. Terrill - SecretaryEX-10.4

 Exhibit 10.4 

THE SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAVE NOT BEEN QUALIFIED WITH THE COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA AND THE
ISSUANCE OF SUCH SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF THE CONSIDERATION THEREFOR PRIOR TO SUCH QUALIFICATION IS UNLAWFUL, UNLESS THE SALE OF SECURITIES IS EXEMPT FROM QUALIFICATION BY SECTION 25100, 25102, OR 25105 OF THE CALIFORNIA
CORPORATIONS CODE. THE RIGHTS OF ALL PARTIES TO THIS AGREEMENT ARE EXPRESSLY CONDITIONED UPON SUCH QUALIFICATION BEING OBTAINED, UNLESS THE SALE IS SO EXEMPT. 

THE SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR
DISTRIBUTION THEREOF. NO SUCH SALE OR DISPOSITION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF
1933. 
 ALPHA TEKNOVA, INC. 

STOCK OPTION AGREEMENT 

Alpha Teknova, Inc. has granted to the Participant named in the Notice of Grant of Stock Option (the “Grant
Notice”) to which this Stock Option Agreement (the “Agreement”) is attached an option (the “Option”) to purchase shares of Stock upon the terms and conditions set forth in the Grant Notice
and this Agreement. The Option has been granted pursuant to, and is in all respects subject to the terms and conditions of, the Alpha Teknova, Inc. 2020 Equity Incentive Plan (the “Plan”). Unless otherwise defined by this
Agreement, capitalized terms have the meanings assigned by the Grant Notice or the Plan. 
  

	 	1.	 TAX MATTERS. 

1.1    Tax Status of Option. This Option is intended to have the tax status designated in the Grant
Notice. 
 (a)    Incentive Stock Option. If the Grant Notice so designates, this Option is intended to
be an Incentive Stock Option within the meaning of Section 422(b) of the Code, but the Company does not represent or warrant that this Option qualifies as such. The Participant should consult with the Participant’s own tax advisor
regarding the tax effects of this Option and the requirements necessary to obtain favorable income tax treatment under Section 422 of the Code, including holding period requirements. If the Option is exercised more than three (3) months
after the date on which the Participant ceases to be an Employee (other than by reason of the Participant’s death or permanent and total disability as defined in Section 22(e)(3) of the Code), the Option will be treated as a Nonstatutory
Stock Option and not as an Incentive Stock Option to the extent required by Section 422 of the Code. 

  
 1 

 (b)    Nonstatutory Stock Option. If the Grant Notice so
designates, this Option is intended to be a Nonstatutory Stock Option and will not be treated as an Incentive Stock Option within the meaning of Section 422(b) of the Code. 

1.2    ISO Fair Market Value Limitation. If the Grant Notice designates this Option as an Incentive Stock Option,
then to the extent that the Option (together with all Incentive Stock Options granted to the Participant under all stock option plans of the Participating Company Group, including the Plan) becomes exercisable for the first time during any calendar
year for shares having a Fair Market Value greater than $100,000, the portion that exceeds such amount will be treated as a Nonstatutory Stock Option. For purposes of this Section, options designated as Incentive Stock Options are taken into account
in the order in which they were granted, and the Fair Market Value of stock is determined as of the time the option is granted. If the Option is treated as an Incentive Stock Option in part and as a Nonstatutory Stock Option in part by reason of the
limitation set forth in this Section, the Participant may designate which portion of such Option the Participant is exercising. In the absence of such designation, the Participant will be deemed to have exercised the Incentive Stock Option portion
of the Option first. Separate certificates representing each such portion must be issued upon the exercise of the Option. 
  

	 	2.	 ADMINISTRATION. 

All questions of interpretation concerning the Grant Notice, this Agreement, the Plan or any other form of agreement or other document employed
by the Company in the administration of the Plan or the Option are determined by the Board or its authorized designee as set forth in Section 3 of the Plan. 
  

	 	3.	 EXERCISE OF THE OPTION.

 3.1    Right to Exercise. The Option is exercisable on and after the Initial Vesting Date
and before the Option terminates (as provided in Section 5) in an amount not to exceed the number of Vested Shares, less the number of shares previously acquired upon exercise of the Option, subject to the Company’s repurchase rights set
forth in Section 11 and Section 12. In no event is the Option exercisable for more shares than the Number of Option Shares, as adjusted pursuant to Section 8. 

3.2    Method of Exercise. The Option must be exercised by means of electronic or written notice (the
“Exercise Notice”) in a form authorized by the Company. To be valid, an Exercise Notice must be received by the Company before the Option terminates (as provided in Section 5). The Exercise Notice must be accompanied by
payment of the aggregate Exercise Price for the shares of Stock purchased, together with payment of any applicable tax withholding. The Option will be deemed exercised upon receipt by the Company of such electronic or written Exercise Notice, the
aggregate Exercise Price and any applicable tax withholding. 
 3.3    Payment of Exercise Price. 

(a)    Forms of Consideration Authorized. Payment of the aggregate Exercise Price for the number of shares
of Stock for which the Option is being exercised may be 

  
 2 

 
made (i) in cash, by check or in cash equivalent; (ii) if permitted by the Company and subject to the limitations contained in Section 3.3(b), by means of (1) a Stock Tender
Exercise, (2) a Cashless Exercise, (3) a Net-Exercise; (4) by such other consideration as may be approved by the Board from time to time to the extent permitted by applicable law; or
(iii) by any combination of the foregoing. 
 (b)    Limitations on Forms of Consideration. The
Company reserves, at any and all times, the right, in the Company’s sole discretion, to establish, decline to approve or terminate any program or procedure providing for payment of the Exercise Price through any of the means described below,
including with respect to the Participant notwithstanding that such program or procedures may be available to others. 

(i)    Stock Tender Exercise. A “Stock Tender Exercise” means the delivery of a properly
executed Exercise Notice accompanied by (1) the Participant’s tender to the Company, or attestation to the ownership, in a form acceptable to the Company of whole shares of Stock having a Fair Market Value that does not exceed the
aggregate Exercise Price for the shares for which the Option is exercised, and (2) the Participant’s payment to the Company in cash of the remaining balance of the aggregate Exercise Price. A Stock Tender Exercise is not permitted if it
would violate any law or agreement restricting redemption of the Company’s stock. If required by the Company, the Option may not be exercised by tender to the Company, or attestation to the ownership, of shares of Stock unless such shares
either have been owned by the Participant for a period of time required by the Company (and not used for another option exercise by attestation during such period) or were not acquired, directly or indirectly, from the Company. 

(ii)    Cashless Exercise. A Cashless Exercise is permitted only if the class of shares subject to the Option is
publicly traded in an established securities market. A “Cashless Exercise” means the delivery of a properly executed Exercise Notice together with irrevocable instructions to a broker in a form acceptable to the Company
providing for the assignment to the Company of the proceeds of a sale or loan with respect to shares of Stock acquired upon the exercise of the Option in an amount not less than the aggregate Exercise Price for such shares (including, without
limitation, through an exercise complying with the provisions of Regulation T as promulgated from time to time by the Board of Governors of the Federal Reserve System). 

(iii)    Net-Exercise. A
“Net-Exercise” means the delivery of a properly executed Exercise Notice electing a procedure by which (1) the Company will reduce the number of shares otherwise issuable to the
Participant upon the exercise of the Option by the largest whole number of shares having a Fair Market Value that does not exceed the aggregate Exercise Price for the shares for which the Option is exercised, and (2) the Participant must pay to
the Company in cash the remaining balance of the aggregate Exercise Price. Following a Net- Exercise, the number of shares remaining subject to the Option, if any, will be reduced by the sum of (1) the
net number of shares issued to the Participant upon such exercise, and (2) the number of shares deducted by the Company for payment of the aggregate Exercise Price. 

  
 3 

 3.4    Tax Withholding. 

(a)    In General. At the time the Option is exercised, in whole or in part, or at any time thereafter as
requested by a Participating Company, the Participant authorizes withholding from payroll and any other amounts payable to the Participant, and otherwise agrees to make adequate provision for any sums required to satisfy the federal, state, local
and foreign tax (including social insurance) withholding obligations of the Participating Company Group, if any, which arise in connection with the Option. The Company has no obligation to deliver shares of Stock until the tax withholding
obligations of the Participating Company Group have been satisfied by the Participant. 
 (b)    Withholding in
or Directed Sale of Shares. The Company has the right, but not the obligation, to require the Participant to satisfy all or any portion of a Participating Company’s tax withholding obligations upon exercise of the Option by deducting
from the shares of Stock otherwise issuable to the Participant a number of whole shares having a fair market value, as determined by the Company as of the date of exercise, not in excess of the amount of such tax withholding obligations determined
by the applicable minimum statutory withholding rates. The Company may require the Participant to direct a broker, upon the exercise of the Option, to sell a portion of the shares subject to the Option determined by the Company in its discretion to
be sufficient to cover the tax withholding obligations of any Participating Company and to remit an amount equal to such tax withholding obligations to the Company in cash. 

(c)    Section 83(i) Election Not Permitted. The Company will not establish an escrow arrangement in
accordance with Section 83(i)(3)(A)(ii) of the Code intended to satisfy the income tax withholding requirements with respect to qualified stock. Accordingly, the Participant will not be permitted to make an election under Section 83(i) of
the Code with respect to any shares of Stock acquired upon the exercise of the Option. 
 3.5    Beneficial Ownership
of Shares; Certificate Registration. The Participant authorizes the Company, in its sole discretion, to deposit any or all shares acquired by the Participant pursuant to the exercise of the Option with the Company’s transfer agent,
including any successor transfer agent, to be held in book entry form, or to deposit such shares for the benefit of the Participant with any broker with which the Participant has an account relationship of which the Company has notice. Except as
provided by the preceding sentence, a certificate for the shares for which the Option is exercised will be registered in the name of the Participant, or, if applicable, in the names of the heirs of the Participant. 

3.6    Restrictions on Grant of the Option and Issuance of Shares. Grant of the Option and issuance of shares of
Stock upon exercise of the Option are subject to compliance with all applicable requirements of federal, state or foreign law. The Option may not be exercised if the issuance of shares of Stock upon exercise would violate any applicable federal,
state or foreign securities laws or other law or regulations or the requirements of any stock exchange or market system upon which the Stock is listed. In addition, the Option may not be exercised unless (i) a registration statement under the
Securities Act is in effect with respect to the shares issuable upon exercise of the Option or (ii) in the opinion of legal counsel to the Company the shares issuable upon exercise of the Option may be issued in accordance with the

  
 4 

 
terms of an applicable exemption from the registration requirements of the Securities Act. THE PARTICIPANT IS CAUTIONED THAT THE OPTION MAY NOT BE EXERCISED UNLESS THE FOREGOING CONDITIONS ARE
SATISFIED. ACCORDINGLY, THE PARTICIPANT MAY NOT BE ABLE TO EXERCISE THE OPTION WHEN DESIRED EVEN THOUGH THE OPTION IS VESTED. Inability of the Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the
Company’s legal counsel to be necessary to the lawful issuance and sale of any shares subject to the Option will relieve the Company of any liability in respect of the failure to issue or sell such shares as to which such requisite authority
has not been obtained. As a condition to the exercise of the Option, the Company may require the Participant to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable law or regulation and to make
any representation or warranty with respect thereto as may be requested by the Company. 
 3.7    Stockholders
Agreement. The Participant (and, if applicable, his or her heirs) will be required, at the time of exercising the Option and as a condition to such exercise, to sign and deliver an adoption agreement or counterpart signature page to, and be
bound by, each Stockholders Agreement then in effect that the Company requires a holder of common stock of the Company to sign and any other agreement that the Company requires a holder of common stock of the Company to sign (to the extent such
agreements exist and such Participant is not already a party to such agreements), in form and substance satisfactory to the Company. The Participant (and, if applicable, his or her heirs) acknowledges that a Stockholders Agreement or any such other
agreement may restrict transfers of common stock of the Company. The obligation set forth in this Section will remain in effect with respect to any Stockholders Agreement until such Stockholders Agreement is terminated. In addition, to the extent
any such Stockholders Agreement is amended, modified or otherwise replaced by a similar agreement, the obligation set forth herein will also apply to the modified, amended and/or replacement agreement. 

3.8    Fractional Shares. The Company will not be required to issue fractional shares upon the exercise of the
Option. 
  

	 	4.	 NONTRANSFERABILITY OF THE OPTION.

 During the lifetime of the Participant, the Option is exercisable only by the Participant or the Participant’s
guardian or legal representative. The Option will not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance or garnishment by creditors of the Participant or the Participant’s
beneficiary, except transfer by will or by the laws of descent and distribution. Following the death of the Participant, the Option, to the extent provided in Section 6, may be exercised by the Participant’s legal representative or by any
person empowered to do so under the deceased Participant’s will or under the then applicable laws of descent and distribution. 
  

	 	5.	 TERMINATION OF THE OPTION.

 The Option will terminate and may no longer be exercised after the first to occur of (a) the close of business
on the Option Expiration Date, (b) the close of business on the last date for exercising the Option following termination of the Participant’s Service as described in Section 6, or (c) a Change in Control to the extent provided
in Section 7. 

  
 5 

	 	6.	 EFFECT OF TERMINATION OF
SERVICE. 

 6.1    Option Exercisability. The Option will terminate
immediately upon the Participant’s termination of Service to the extent that it is then unvested and will be exercisable after the Participant’s termination of Service to the extent it is then vested only during the applicable time period
as determined below and thereafter will terminate. 
 (a)    Disability. If the Participant’s
Service terminates because of the Disability of the Participant, the Option, to the extent unexercised and exercisable for Vested Shares on the date on which the Participant’s Service terminated, may be exercised by the Participant (or the
Participant’s guardian or legal representative) at any time prior to the expiration of twelve (12) months after the date on which the Participant’s Service terminated, but in any event no later than the Option Expiration Date. 

(b)    Death. If the Participant’s Service terminates because of the death of the Participant, the
Option, to the extent unexercised and exercisable for Vested Shares on the date on which the Participant’s Service terminated, may be exercised by the Participant’s legal representative or other person who acquired the right to exercise
the Option by reason of the Participant’s death at any time prior to the expiration of twelve (12) months after the date on which the Participant’s Service terminated, but in any event no later than the Option Expiration Date. The
Participant’s Service will be deemed to have terminated on account of death if the Participant dies within three (3) months after the Participant’s termination of Service. 

(c)    Termination for Cause. Notwithstanding any other provision of this Agreement, if the
Participant’s Service is terminated for Cause, the Option will terminate in its entirety and cease to be exercisable immediately upon such termination of Service. 

(d)    Other Termination of Service. If the Participant’s Service terminates for any reason, except
Disability, death or Cause, the Option, to the extent unexercised and exercisable for Vested Shares by the Participant on the date on which the Participant’s Service terminated, may be exercised by the Participant at any time prior to the
expiration of three (3) months after the date on which the Participant’s Service terminated, but in any event no later than the Option Expiration Date. 

6.2    Extension if Exercise Prevented by Law. Notwithstanding the foregoing other than termination of the
Participant’s Service for Cause, if the exercise of the Option within the applicable time periods set forth in Section 6.1 is prevented by the provisions of Section 3.6, the Option will remain exercisable until the later of
(a) thirty (30) days after the first date such exercise would no longer be prevented by such provisions or (b) the end of the applicable time period under Section 6.1, but in any event no later than the Option Expiration Date. 

 

	 	7.	 EFFECT OF CHANGE IN
CONTROL. 

 7.1    Notwithstanding any other provision contained in this
Agreement or the Notice of Grant, the total Number of Option Shares will become Vested Shares immediately 

  
 6 

 
prior to, but conditioned upon, the occurrence of either (i) the consummation of a Change in Control (as defined in the Plan) in which the Acquiror (as defined in the Plan) elects not to
assume or continue in full force and effect the Company’s rights and obligations under all of the Option or substitute for all of the Option in connection with the Change in Control a substantially equivalent award with respect to the
Acquiror’s stock, provided that your Service has not terminated prior to the date of the Change in Control, or (ii) the cessation of your Service as a result of a Change in Control Termination (as defined below) where, in connection
with such Change in Control, the Acquiror has so assumed, continued or substituted for all of the Option; provided in the case of clause (ii) that you (a) promptly return all material Company property in your possession following your
termination, (b) execute (and do not revoke) a full and complete general release of all claims that you may have against the Company or persons affiliated with the Company in the form provided by the Company, and such release has become
effective no later than the 30th day after your termination or, if later, the deadline date required by applicable law, and (c) you have continuously complied in all material respects with your Employee Proprietary Information and Inventions
Agreement. 
 7.2    “Change in Control Termination” means a Qualifying Termination within
twelve (12) months after the consummation of a Change in Control. 
 7.3    “Qualifying
Termination” means (i) the Company terminates your employment without Cause (as defined in the Plan) or (ii) you resign as a result of a material reduction in your base salary or bonus potential; provided, however, that
you must notify the Company within thirty (30) days of the occurrence of such material reduction in your base salary or bonus potential and provide the Company with at least thirty (30) days in which to cure such reduction, and if you fail
to provide this notice and cure period prior to your resignation, or you resign more than sixty (60) days after the initial reduction, your resignation will not be deemed to be a “Qualifying Termination”. 

7.4    Notwithstanding any provision herein to the contrary, a Change in Control Termination will not include any
termination of the Participant’s Service with the Company (or its successor) that is a result of the Participant’s death or Disability (as defined in the Plan). 
  

	 	8.	 ADJUSTMENTS FOR CHANGES IN
CAPITAL STRUCTURE. 

 The shares of Stock and exercise price of the Option are
subject to the adjustment as provided by Section 4.3 of the Plan. 
  

	 	9.	 RIGHTS AS A STOCKHOLDER.

 9.1    In General. The Participant will have no rights as a stockholder with respect to
any shares covered by the Option until the date of the issuance of the shares for which the Option has been exercised (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company). No
adjustment will be made for dividends, distributions or other rights for which the record date is prior to the date the shares are issued, except as provided in Section 8 hereof. 

9.2    Waiver of Inspection Rights. The Participant acknowledges and understands that, but for the waiver made
herein, the Participant would be entitled, upon written 

  
 7 

 
demand under oath stating the purpose thereof, to inspect for any proper purposes, and to make copies and extracts from, the Company’s stock ledger, a list of its stockholders, and its other
books and records, and the books and records of subsidiaries of the Company, if any, under the circumstances and in the manner provided in Section 220 of the Delaware General Corporation Law, Section 1601 of the California Corporations
Code and similar rights under other applicable law (any and all such rights, and any and all such other rights of the Participant as may be provided for in Section 220 of the Delaware General Corporation Law, Section 1601 of the California
Corporations Code and similar rights under other applicable law, the “Inspection Rights”). In light of the foregoing, until the first sale of Stock to the general public pursuant to a registration statement filed with and
declared effective by the Securities and Exchange Commission under the Securities Act, the Participant hereby unconditionally and irrevocably waives the Inspection Rights, whether such Inspection Rights would be exercisable or pursued directly or
indirectly pursuant to Section 220 of the Delaware General Corporation Law, Section 1601 of the California Corporations Code or otherwise, and covenants and agrees never to directly or indirectly commence, voluntarily aid in any way,
prosecute, assign, transfer or cause to be commenced any claim, action, cause of action, or other proceeding to pursue or exercise the Inspection Rights. The foregoing waiver applies to the Inspection Rights of the Participant in the
Participant’s capacity as a stockholder and will not affect any rights of a director, in his or her capacity as such, under Section 220 of the Delaware General Corporation Law Section 1601 of the California Corporations Code. The
foregoing waiver will not apply to any contractual inspection rights of the Participant under any written agreement with the Company. 
  

	 	10.	 RIGHTS AS A DIRECTOR, EMPLOYEE
OR CONSULTANT. 

 If the Participant is an Employee, the Participant understands and
acknowledges that, except as otherwise provided in a separate, written employment agreement between a Participating Company and the Participant, the Participant’s employment is “at will” and is for no specified term. Nothing in this
Agreement confers upon the Participant any right to continue in the Service of a Participating Company or interferes in any way with any right of the Participating Company Group to terminate the Participant’s Service as a Director, an Employee
or Consultant, as the case may be, at any time. 
  

	 	11.	 RIGHT OF FIRST REFUSAL.

 11.1    Grant of Right of First Refusal. Except as provided in Section 11.7 and
Section 17, in the event the Participant, the Participant’s legal representative, or other holder of shares acquired upon exercise of the Option proposes to sell, exchange, transfer, pledge, or otherwise dispose of any Vested Shares (the
“Transfer Shares”) to any person or entity, including, without limitation, any stockholder of a Participating Company, the Company will have the right to repurchase the Transfer Shares under the terms and subject to the
conditions set forth in this Section 11 (the “Right of First Refusal”). 

11.2    Notice of Proposed Transfer. Prior to any proposed transfer of the Transfer Shares, the Participant must
deliver written notice (the “Transfer Notice”) to the Company describing fully the proposed transfer, including the number of Transfer Shares, the name and address of the proposed transferee (the “Proposed
Transferee”) and, if the transfer is voluntary, the proposed transfer price, and containing information necessary to show the bona 

  
 8 

 
fide nature of the proposed transfer. In the event of a bona fide gift or involuntary transfer, the proposed transfer price will be deemed to be the Fair Market Value of the Transfer Shares, as
determined by the Board in good faith. If the Participant proposes to transfer any Transfer Shares to more than one Proposed Transferee, the Participant must provide a separate Transfer Notice for the proposed transfer to each Proposed Transferee.
The Transfer Notice must be signed by both the Participant and the Proposed Transferee and must constitute a binding commitment of the Participant and the Proposed Transferee for the transfer of the Transfer Shares to the Proposed Transferee subject
only to the Right of First Refusal. 
 11.3    Bona Fide Transfer. If the Company determines that the information
provided by the Participant in the Transfer Notice is insufficient to establish the bona fide nature of a proposed voluntary transfer, the Company will give the Participant written notice of the Participant’s failure to comply with the
procedure described in this Section 11, and the Participant will have no right to transfer the Transfer Shares without first complying with the procedure described in this Section 11. The Participant will not be permitted to transfer the
Transfer Shares if the proposed transfer is not bona fide. 
 11.4    Exercise of Right of First Refusal. If the
Company determines the proposed transfer to be bona fide, the Company will have the right to purchase all, but not less than all, of the Transfer Shares (except as the Company and the Participant otherwise agree) at the purchase price and on the
terms set forth in the Transfer Notice by delivery to the Participant of a notice of exercise of the Right of First Refusal within thirty (30) days after the date the Transfer Notice is delivered to the Company. The Company’s exercise or
failure to exercise the Right of First Refusal with respect to any proposed transfer described in a Transfer Notice will not affect the Company’s right to exercise the Right of First Refusal with respect to any proposed transfer described in
any other Transfer Notice, whether or not such other Transfer Notice is issued by the Participant or issued by a person other than the Participant with respect to a proposed transfer to the same Proposed Transferee. If the Company exercises the
Right of First Refusal, the Company and the Participant will consummate the sale of the Transfer Shares to the Company on the terms set forth in the Transfer Notice within sixty (60) days after the date the Transfer Notice is delivered to the
Company (unless a longer period is offered by the Proposed Transferee); provided, however, that in the event the Transfer Notice provides for the payment for the Transfer Shares other than in cash, the Company will have the option of paying
for the Transfer Shares by the present value cash equivalent of the consideration described in the Transfer Notice as reasonably determined by the Company. For purposes of the foregoing, cancellation of any indebtedness of the Participant to any
Participating Company will be treated as payment to the Participant in cash to the extent of the unpaid principal and any accrued interest canceled. Notwithstanding anything contained in this Section to the contrary, the period during which the
Company may exercise the Right of First Refusal and consummate the purchase of the Transfer Shares from the Participant will terminate no sooner than the completion of a period of eight (8) months following the date on which the Participant
acquired the Transfer Shares upon exercise of the Option. 
 11.5    Failure to Exercise Right of First Refusal.
If the Company fails to exercise the Right of First Refusal in full (or to such lesser extent as the Company and the Participant agree) within the period specified in Section 11.4 above, the Participant may conclude a transfer to the Proposed
Transferee of the Transfer Shares on the terms and 

  
 9 

 
conditions described in the Transfer Notice, provided such transfer occurs not later than ninety (90) days following delivery to the Company of the Transfer Notice or, if applicable,
following the end of the period described in the last sentence of Section 11.4. The Company will have the right to demand further assurances from the Participant and the Proposed Transferee (in a form satisfactory to the Company) that the
transfer of the Transfer Shares was actually carried out on the terms and conditions described in the Transfer Notice. No Transfer Shares will be transferred on the books of the Company until the Company has received such assurances, if so demanded,
and has approved the proposed transfer as bona fide. Any proposed transfer on terms and conditions different from those described in the Transfer Notice, as well as any subsequent proposed transfer by the Participant, will again be subject to the
Right of First Refusal and will require compliance by the Participant with the procedure described in this Section 11. 

11.6    Transferees of Transfer Shares. All transferees of the Transfer Shares or any interest therein, other than
the Company, will be required as a condition of such transfer to agree in writing (in a form satisfactory to the Company) that such transferee will receive and hold the Transfer Shares or interest therein subject to all of the terms and conditions
of this Agreement, including this Section 11 providing for the Right of First Refusal with respect to any subsequent transfer and executing the documents specified in Section 3.7. Any sale or transfer of any shares acquired upon exercise
of the Option will be void unless the provisions of this Section 11 are met. 
 11.7    Transfers Not Subject to
Right of First Refusal. The Right of First Refusal will not apply to shares acquired upon exercise of the Option if (a) such shares are transferred during the Participant’s lifetime or on the Participant’s death by will or
intestacy to the Participant’s immediate family or a trust for the benefit of the Participant’s immediate family in a manner permitted under Rule 701 under the Securities Act or (b) such shares are transferred or exchanged in
connection with an Ownership Change Event. Shares held by a transferee pursuant to clause (a) of this Section and any consideration received pursuant to a transfer or exchange pursuant to clause (b) of this Section that consists of stock
of a Participating Company will in each such case remain subject to the Right of First Refusal unless the provisions of Section 11.9 result in a termination of the Right of First Refusal. 

11.8    Assignment of Right of First Refusal. The Company has the right to assign the Right of First Refusal at any
time, whether or not there has been an attempted transfer, to one or more persons as may be selected by the Company. 

11.9    Early Termination of Right of First Refusal. The other provisions of this Agreement notwithstanding, the
Right of First Refusal will terminate and be of no further force and effect upon (a) the occurrence of a Change in Control, unless the Acquiror assumes the Company’s rights and obligations under the Option or substitutes a substantially
equivalent option for the Acquiror’s stock for the Option, or (b) the existence of a public market for the class of shares subject to the Right of First Refusal. A “public market” will exist if (i) such
stock is listed on a national securities exchange (as that term is used in the Exchange Act) or (ii) such stock is traded on the over-the-counter market and prices
therefor are published daily on business days in a recognized financial journal. 

  
 10 

	 	12.	 VESTED SHARE REPURCHASE OPTION.

 12.1    Grant of Vested Share Repurchase Option. Except as provided in Section 12.4
below, upon the occurrence of any Repurchase Event, as defined below, the Company will have the right to repurchase the shares acquired by the Participant pursuant to the Option (the “Repurchase Shares”) under the terms and
subject to the conditions set forth in this Section 12 (the “Vested Share Repurchase Option”). Each of the following events constitutes a “Repurchase Event”: 

(a)    Termination of the Participant’s Service for any reason or no reason, with or without cause, including death
or Disability. The Repurchase Period, as defined below, will commence on the date of termination of the Participant’s Service. 

(b)    The Participant, the Participant’s legal representative, or other holder of shares acquired upon exercise of
the Option attempts to sell, exchange, transfer, pledge, or otherwise dispose of any Repurchase Shares without complying with the provisions of Section 11. The Repurchase Period, as defined below, will commence on the date the Company receives
actual notice of such attempted sale, exchange, transfer, pledge or other disposition. 
 (c)    The receivership,
bankruptcy or other creditor’s proceeding regarding the Participant or the taking of any of the Participant’s shares of Stock by legal process, such as a levy of execution. The Repurchase Period, as defined below, will commence on the date
the Company receives actual notice of the commencement of pendency of the receivership, bankruptcy or other creditor’s proceeding or the date of such taking, as the case may be. The Fair Market Value of the Repurchase Shares will be determined
as of the last day of the month preceding the month in which the proceeding involved commenced or the taking occurred. 

12.2    Exercise of Vested Share Repurchase Option. The Company may exercise the Vested Share Repurchase Option by
written notice to the Participant, the Participant’s legal representative, or other holder of the Repurchase Shares, as the case may be, during the Repurchase Period. The “Repurchase Period” will be the period
commencing at the time set forth in Section 12.1 above and ending on the later of (a) the date ninety (90) days after the commencement of the Repurchase Period or (b) the date nine (9) months after the Option is last
exercised. If the Company fails to give notice during the Repurchase Period, the Vested Share Repurchase Option will terminate (unless the Company and the Participant have extended the time for the exercise of the Vested Share Repurchase Option)
unless and until there is a subsequent Repurchase Event. Notwithstanding a termination of the Vested Share Repurchase Option, the remaining provisions of this Agreement will remain in full force and effect, including, without limitation, the Right
of First Refusal set forth in Section 11. If there is a subsequent Repurchase Event, the Vested Share Repurchase Option will again become exercisable as provided in this Section 12. The Vested Share Repurchase Option must be exercised, if
at all, for all of the Repurchase Shares, except as the Company and the Participant otherwise agree. 

12.3    Payment for Repurchase Shares. The repurchase price per share being repurchased by the Company pursuant to
the Vested Share Repurchase Option will be an amount 

  
 11 

 
equal to the Fair Market Value of the shares determined as of the date of the Repurchase Event (except as otherwise provided in Section 12.1(c) above) by the Board in good faith. Payment by
the Company to the Participant will be made in cash on or before the last day of the Repurchase Period. For purposes of the foregoing, cancellation of any indebtedness of the Participant to the Company will be treated as payment to the Participant
in cash to the extent of the unpaid principal and any accrued interest canceled. 
 12.4    Transfers Not Subject to
Vested Share Repurchase Option. The Vested Share Repurchase Option will not apply to any transfer or exchange of shares acquired upon exercise of the Option if such transfer or exchange is in connection with an Ownership Change Event. If the
consideration received pursuant to such transfer or exchange consists of stock of a Participating Company, such consideration will remain subject to the Vested Share Repurchase Option unless the provisions of Section 12.6 below result in a
termination of the Vested Share Repurchase Option. Furthermore, the Vested Share Repurchase Option will not apply to a transfer to the Participant’s ancestors, descendants, or spouse or to a custodian or trustee solely for the benefit of the
Participant or the Participant’s ancestors, descendants, or spouse; provided, however, that such transferee agrees in writing (in a form satisfactory to the Company) to receive and hold the shares transferred to the transferee subject to
all the terms and conditions of this Agreement, including this Section 12 providing for a Vested Share Repurchase Option with respect to any subsequent transfer. 

12.5    Assignment of Vested Share Repurchase Option. The Company will have the right to assign the Vested Share
Repurchase Option at any time, whether or not such option is then exercisable, to one or more persons as may be selected by the Company. 

12.6    Early Termination of Vested Share Repurchase Option. The other provisions of this Agreement
notwithstanding, the Vested Share Repurchase Option will terminate and be of no further force and effect upon (a) the occurrence of a Change in Control, unless the Acquiring Corporation assumes or continues the Company’s rights and
obligations under the Option or substitutes a substantially equivalent option for the Acquiring Corporation’s stock for the Option, or (b) the existence of a public market, as defined in Section 11.9, for the class of shares subject
to the Vested Share Repurchase Option. 
  

	 	13.	 STOCK DISTRIBUTIONS SUBJECT TO
AGREEMENT. 

 If, from time to time, there is any stock dividend, stock split or other change, as
described in Section 8, in the character or amount of any of the outstanding stock of the corporation the stock of which is subject to the provisions of this Agreement, then in such event any and all new, substituted or additional securities to
which the Participant is entitled by reason of the Participant’s ownership of the shares acquired upon exercise of the Option will be immediately subject to the Right of First Refusal and the Vested Share Repurchase Option with the same force
and effect as the shares subject to the Right of First Refusal or the Vested Share Repurchase Option immediately before such event. 

  
 12 

	 	14.	 NOTICE OF SALES UPON
DISQUALIFYING DISPOSITION. 

 The Participant must dispose of the shares acquired
pursuant to the Option only in accordance with the provisions of this Agreement. In addition, if the Grant Notice designates this Option as an Incentive Stock Option, the Participant must (a) promptly notify the Chief Financial Officer of the
Company if the Participant disposes of any of the shares acquired pursuant to the Option within one (1) year after the date the Participant exercises all or part of the Option or within two (2) years after the Date of Grant and
(b) provide the Company with a description of the circumstances of such disposition. Until such time as the Participant disposes of such shares in a manner consistent with the provisions of this Agreement, unless otherwise expressly authorized
by the Company, the Participant must hold all shares acquired pursuant to the Option in the Participant’s name (and not in the name of any nominee) for the one-year period immediately after the exercise
of the Option and the two-year period immediately after Date of Grant. At any time during the one-year or two-year periods set
forth above, the Company may place a legend on any certificate representing shares acquired pursuant to the Option requesting the transfer agent for the Company’s stock to notify the Company of any such transfers. The obligation of the
Participant to notify the Company of any such transfer will continue notwithstanding that a legend has been placed on the certificate pursuant to the preceding sentence. 
  

	 	15.	 LEGENDS. 

The Company may at any time place legends referencing the Right of First Refusal, the Vested Share Repurchase Option and any applicable
federal, state or foreign securities law restrictions on all certificates representing shares of stock subject to the provisions of this Agreement. The Participant must, at the request of the Company, promptly present to the Company any and all
certificates representing shares acquired pursuant to the Option in the possession of the Participant in order to carry out the provisions of this Section. Unless otherwise specified by the Company, legends placed on such certificates may include,
but are not be limited to, the following: 
 15.1    “THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SECURITIES, THE SALE IS MADE IN ACCORDANCE WITH RULE
144 OR RULE 701 UNDER THE ACT, OR THE COMPANY RECEIVES AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS
OF SUCH ACT.” 
 15.2    “THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON
TRANSFER AND REPURCHASE OPTIONS IN FAVOR OF THE CORPORATION OR ITS ASSIGNEE SET FORTH IN AN AGREEMENT BETWEEN THE CORPORATION AND THE REGISTERED HOLDER, OR SUCH HOLDER’S PREDECESSOR IN INTEREST, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL
OFFICE OF THIS CORPORATION.” 

  
 13 

 15.3    “THE SHARES EVIDENCED BY THIS CERTIFICATE WERE ISSUED BY
THE CORPORATION TO THE REGISTERED HOLDER UPON EXERCISE OF AN INCENTIVE STOCK OPTION AS DEFINED IN SECTION 422 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (“ISO”). IN ORDER TO OBTAIN THE PREFERENTIAL TAX TREATMENT
AFFORDED TO ISOs, THE SHARES SHOULD NOT BE TRANSFERRED WITHIN ONE (1) YEAR AFTER THE DATE THE PARTICIPANT EXERCISES ALL OR PART OF THE OPTION NOR WITHIN TWO (2) YEARS AFTER THE DATE OF GRANT. SHOULD THE REGISTERED HOLDER ELECT TO TRANSFER
ANY OF THE SHARES PRIOR TO THIS DATE AND FOREGO ISO TAX TREATMENT, THE TRANSFER AGENT FOR THE SHARES MUST NOTIFY THE CORPORATION IMMEDIATELY. THE REGISTERED HOLDER MUST HOLD ALL SHARES PURCHASED UNDER THE INCENTIVE STOCK OPTION IN THE REGISTERED
HOLDER’S NAME (AND NOT IN THE NAME OF ANY NOMINEE) PRIOR TO THIS DATE OR UNTIL TRANSFERRED AS DESCRIBED ABOVE.” 
  

	 	16.	 LOCK-UP
AGREEMENT. 

 The Participant hereby agrees that in the event of any underwritten public offering of
stock, including an initial public offering of stock, made by the Company pursuant to an effective registration statement filed under the Securities Act, the Participant may not offer, sell, contract to sell, pledge, hypothecate, grant any option to
purchase or make any short sale of, or otherwise dispose of any shares of stock of the Company or any rights to acquire stock of the Company for such period of time from and after the effective date of such registration statement as may be
established by the underwriter for such public offering; provided, however, that such period of time may not exceed one hundred eighty (180) days from the effective date of the registration statement to be filed in connection with such
public offering or, upon the request of the Company or the underwriter, such longer period as necessary to permit compliance with FINRA Rule 2241 or any successor provisions or amendments thereto. The foregoing limitation will not apply to shares
registered in the public offering under the Securities Act. The Participant hereby agrees to enter into any agreement reasonably required by the underwriters to implement the foregoing within a reasonable timeframe if so requested by the Company.

  

	 	17.	 RESTRICTIONS ON TRANSFER OF
SHARES. 

 At any time prior to the existence of a public market for the Stock, the Board may
prohibit the Participant and any transferee of such Participant from selling, transferring, assigning, pledging or otherwise disposing of or encumbering any shares acquired pursuant to the Option (each, a “Transfer”) without
the prior written consent of the Board. The Board may withhold consent for any reason, including, without limitation, (i) if such Transfer increases the risk of the Company having a class of security held of record by such number of persons as
would require the Company to register any class of securities under the Exchange Act; (ii) if such Transfer would result in the loss of any federal or state securities law exemption relied upon by the Company in connection with the initial
issuance of such shares or the issuance of any other securities; (iii) if such Transfer is facilitated in any manner by any public posting, message board, trading portal, Internet site, or similar method of communication, including without
limitation any trading portal or Internet site intended to facilitate secondary transfers of securities; (iv) if such Transfer is to be effected in a brokered transaction; (v) if such Transfer

  
 14 

 
would be of less than all of the shares of Stock then held by the stockholder and its affiliates or is to be made to more than a single transferee; or (vi) any Transfer to any individual or
entity identified by the Company as a potential competitor or considered by the Company to be unfriendly. No shares acquired upon exercise of the Option may be sold, exchanged, transferred (including, without limitation, any transfer to a nominee or
agent of the Participant), assigned, pledged, hypothecated or otherwise disposed of, including by operation of law in any manner which violates any of the provisions of this Agreement, and any such attempted disposition will be void. The Company
will not be required (a) to transfer on its books any shares which will have been transferred in violation of any of the provisions set forth in this Agreement or (b) to treat as owner of such shares or to accord the right to vote as such
owner or to pay dividends to any transferee to whom such shares will have been so transferred. 
  

	 	18.	 MISCELLANEOUS PROVISIONS. 

18.1    Captions. Captions and titles contained herein are for convenience only and do not affect the meaning or
interpretation of any provision of this Agreement. Except when otherwise indicated by the context, the singular includes the plural and the plural includes the singular. Use of the term “or” is not intended to be exclusive, unless the
context clearly requires otherwise. 
 18.2    Further Instruments. The parties hereto agree to execute such
further instruments and to take such further action as may reasonably be necessary to carry out the intent of this Agreement. 

18.3    Binding Effect. This Agreement will inure to the benefit of the successors and assigns of the Company and,
subject to the restrictions on transfer set forth herein, be binding upon the Participant and the Participant’s heirs, executors, administrators, successors and assigns. 

18.4    Delivery of Documents and Notices. Any document relating to participation in the Plan, or any notice
required or permitted hereunder will be given in writing and will be deemed effectively given (except to the extent that this Agreement provides for effectiveness only upon actual receipt of such notice) upon personal delivery, electronic delivery
at the e-mail address, if any, provided for the Participant by a Participating Company, or upon deposit in the U.S. Post Office or foreign postal service, by registered or certified mail, or with a nationally
recognized overnight courier service, with postage and fees prepaid, addressed to the other party at the address of such party set forth in the Grant Notice or at such other address as such party may designate in writing from time to time to the
other party. 
 (a)    Description of Electronic Delivery. The Plan documents, which may include but do not
necessarily include: the Plan, the Grant Notice, this Agreement, and any reports of the Company provided generally to the Company’s stockholders, may be delivered to the Participant electronically. In addition, if permitted by the Company, the
Participant may deliver electronically the Grant Notice and Exercise Notice called for by Section 3.2 to the Company or to such third party involved in administering the Plan as the Company may designate from time to time. Such means of
electronic delivery may include but do not necessarily include the delivery of a link to a Company intranet or the Internet site of a third party involved in administering the Plan, the delivery of the document via
e-mail or such other means of electronic delivery specified by the Company. 

  
 15 

 (b)    Consent to Electronic Delivery. The Participant
acknowledges that the Participant has read Section 18.4(a) of this Agreement and consents to the electronic delivery of the Plan documents and, if permitted by the Company, the delivery of the Grant Notice and Exercise Notice, as described in
Section 18.4(a). The Participant acknowledges that he or she may receive from the Company a paper copy of any documents delivered electronically at no cost to the Participant by contacting the Company by telephone or in writing. The Participant
further acknowledges that the Participant will be provided with a paper copy of any documents if the attempted electronic delivery of such documents fails. Similarly, the Participant understands that the Participant must provide the Company or any
designated third party administrator with a paper copy of any documents if the attempted electronic delivery of such documents fails. The Participant may revoke his or her consent to the electronic delivery of documents described in
Section 18.4(a) or may change the electronic mail address to which such documents are to be delivered (if Participant has provided an electronic mail address) at any time by notifying the Company of such revoked consent or revised e-mail address by telephone, postal service or electronic mail. Finally, the Participant understands that he or she is not required to consent to electronic delivery of documents described in Section 18.4(a).

 18.5    Entire Agreement. The Grant Notice, this Agreement and the Plan constitute the entire understanding
and agreement of the Participant and the Participating Company Group with respect to the subject matter contained herein or therein and supersede any prior or contemporaneous agreements, understandings, restrictions, representations or warranties
among the Participant and the Participating Company Group with respect to the subject matter hereof, and may not be modified adversely to the Participant’s interest (other than as permitted by the Plan) except by means of a writing signed by
the Company and Participant. To the extent contemplated herein or therein, the provisions of the Grant Notice, the Agreement and the Plan will survive any exercise of the Option and will remain in full force and effect. 

18.6    Applicable Law. This Agreement will be governed by the laws of Delaware as such laws are applied to
agreements between Delaware residents entered into and to be performed entirely within Delaware. 

18.7    Counterparts. The Grant Notice may be executed in counterparts, each of which will be deemed an original,
but all of which together will constitute one and the same instrument. 

  
 16 

			
	 ☐   Incentive Stock Option
	  	Participant:
                                         
        
	 ☐   Nonstatutory Stock Option
	  	Date:                             

 STOCK OPTION EXERCISE NOTICE 

Alpha Teknova, Inc. 
 Attention: Chief Financial Officer 

                          
                             

                          
                             

Ladies and Gentlemen: 

1.    Option. I was granted an option (the “Option”) to purchase shares of the
common stock (the “Shares”) of Alpha Teknova, Inc. (the “Company”) pursuant to the Company’s 2020 Equity Incentive Plan (the “Plan”), my Notice of Grant of Stock Option
(the “Grant Notice”) and my Stock Option Agreement (the “Agreement”) as follows: 
  

			
	Date of Grant:	  	                                     
                                         
    
		
	Number of Option Shares:	  	                                     
                                         
    
		
	Exercise Price per Share:	  	$                                    
                                         
   

 2.    Exercise of Option. I hereby elect to exercise the Option to purchase
the following number of Shares, all of which are Vested Shares, in accordance with the Grant Notice and the Agreement: 
  

			
	Total Shares Purchased:	  	                                     
                                         
    
		
	Total Exercise Price (Total Shares X Price per Share)	  	$                                    
                                         
   

 3.    Payments. I enclose payment in full of the total exercise price for
the Shares in the following form(s), as authorized by my Agreement: 
  

			
	 ☐   Cash:
	  	$                                     
                                         
  
		
	 ☐   Check:
	  	$                                    
                                         
   
		
	 ☐   Stock Tender Exercise:
	  	Contact Plan Administrator
		
	 ☐   Cashless Exercise:
	  	Contact Plan Administrator
		
	 ☐   Net Exercise:
	  	Contact Plan Administrator

  
 17 

 4.    Tax Withholding. I authorize payroll withholding and
otherwise will make adequate provision for the federal, state, local and foreign tax withholding obligations of the Company, if any, in connection with the Option. If I am exercising a Nonstatutory Stock Option, I enclose payment in full of my
withholding taxes, if any, as follows: 
 (Contact Plan Administrator for amount of tax due.) 

 

			
	 ☐   Cash:
	  	$                                     
                                         
  
		
	 ☐   Check:
	  	$                                    
                                         
   

 5.    Participant Information. 

My address is:
                                         
                                         
                                         
                                         
     
  

                       
                                         
                                         
                                         
                                         
      
 My Social Security Number is:
                                         
                                         
                                         
                    

6.    Notice of Disqualifying Disposition. If the Option is an Incentive Stock Option, I agree that I will
promptly notify the Chief Financial Officer of the Company if I transfer any of the Shares within one (1) year from the date I exercise all or part of the Option or within two (2) years of the Date of Grant. 

7.    Binding Effect. I agree that the Shares are being acquired in accordance with and subject to the
terms, provisions and conditions of the Grant Notice, the Agreement, including the Right of First Refusal and Vested Share Repurchase Option set forth therein and the Plan, to all of which I hereby expressly assent. This Agreement will inure to the
benefit of and be binding upon my heirs, executors, administrators, successors and assigns. 

8.    Transfer. I understand and acknowledge that the Shares have not been registered under the Securities
Act of 1933, as amended (the “Securities Act”), and that consequently the Shares must be held indefinitely unless they are subsequently registered under the Securities Act, an exemption from such registration is available, or
they are sold in accordance with Rule 144 or Rule 701 under the Securities Act. I further understand and acknowledge that the Company is under no obligation to register the Shares. I understand that the certificate or certificates evidencing the
Shares will be imprinted with legends which prohibit the transfer of the Shares unless they are registered or such registration is not required in the opinion of legal counsel satisfactory to the Company. 

I am aware that Rule 144 under the Securities Act, which permits limited public resale of securities acquired in a nonpublic offering, is not
currently available with respect to the Shares and, in any event, is available only if certain conditions are satisfied. I understand that any sale of the Shares that might be made in reliance upon Rule 144 may only be made in limited amounts in
accordance with the terms and conditions of such rule and that a copy of Rule 144 will be delivered to me upon request. 

  
 18 

 I understand that I am purchasing the Shares pursuant to the terms of the Plan, the Grant
Notice and my Agreement, copies of which I have received and carefully read and understand. 
  

			
	 Very truly yours,

	
	  

(Signature)

	

			
	 Receipt of the above is hereby acknowledged.

	
	 Alpha Teknova, Inc.

		
	 By:
	 	
              
                                         
                       

	 Title:
	 	
              
                                         
                       

	 Dated:
	 	
              
                                         
                       

  
 19

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