Document:

Fourth Amended and Restated Investor Rights Agreement

 Exhibit 10.1 
 FOURTH AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT 
 This Fourth
Amended and Restated Investor Rights Agreement (the “Agreement”) is made as of January 22, 2010, among Yelp! Inc., a Delaware corporation (the “Company”), the Series A Preferred Transferees (as
defined below), the Investors listed on Schedule I hereto (the “Existing Investors”) and the Investors named in Schedule II hereto (the “New Investors” and, together with the Existing Investors, the
“Investors”). 
 RECITALS 

The Company and the New Investors (the “Series E Investors”) have entered into a Series E Preferred Stock
Purchase Agreement, dated as of the date hereof (the “Purchase Agreement”), pursuant to which the Company will sell to the Series E Investors shares of the Company’s Series E Preferred Stock, par value $0.000001 per
share (the “Series E Preferred Stock”). One condition to the New Investors’ obligations to purchase shares of Series E Preferred Stock under the Purchase Agreement is that the Company and the Investors enter into this
Agreement in order to provide the Investors with certain rights to register shares of the Company’s Common Stock, par value $0.000001 per share (the “Common Stock”), issuable upon conversion of the Company’s
Preferred Stock, par value $0.000001 per share (the “Preferred Stock”) held by the Investors, certain rights to receive information pertaining to the Company and a right of first offer with respect to certain issuances by the
Company of its securities. The Company wants to induce the New Investors to purchase shares of Series E Preferred Stock pursuant to the Purchase Agreement by agreeing to the terms and conditions set forth herein. 

The Company had previously entered into that certain Second Amended and Restated Investor Rights Agreement, dated as of
September 29, 2006, with MRLWeb, LLC, a Delaware limited liability company (“MRLWeb”) and certain of the Existing Investors (the “Second Amended Agreement”). Subsequent to entering into the Second
Amended Agreement, MRLWeb transferred its Series A Preferred Stock to its members (the “Series A Preferred Transferees”) in accordance with their respective interests in MRLWeb. Pursuant to such transfer and in accordance
with the terms of the Second Amended Agreement, the Series A Preferred Transferees are bound by the terms and conditions of and entitled to the rights and privileges under this Agreement, except that certain of the Series A Preferred Transferees are
not bound by the terms and conditions of nor entitled to the rights and privileges under Section 2 of this Agreement. 

The Company had previously entered into that certain Third Amended and Restated Investors Rights Agreement, dated as of February 26,
2008, with the Existing Investors (the “Prior Agreement”). 
 The parties to the Prior Agreement want to
amend and restate the Prior Agreement in its entirety, and to accept the rights and restrictions created in this Agreement in lieu of the rights and restrictions contained in the Prior Agreement. Section 4.10 of the Prior Agreement vested the
authority to amend the Prior Agreement in the Company and the Existing Investors. The Company and the Existing Investors are entering into this Agreement, making this Agreement binding upon all of the parties to the Prior Agreement. 

AGREEMENT 
 The parties agree as follows: 

  
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 1. Restrictions on Transferability; Registration Rights. 

1.1 Certain Definitions. As used in this Agreement, the following terms have the following respective meanings: 

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

“Commission” means the Securities and Exchange Commission or any other federal agency at the time administering
the Securities Act. 
 “Disqualified Elevation Registration” means a registration where
(a) Elevation is an Initiating Holder pursuant to clause (i) of the definition of “Initiating Holders” or a Form S-3 Initiating Holder pursuant to clause (i) of the definition of “Form S-3 Initiating Holders”; and
(b) Elevation is not permitted to register at least seventy-five percent (75%) of the shares initially requested for inclusion in such registration pursuant to Section 1.3(c) hereof. 

“Elevation” means Elevation Associates, L.P., Elevation Partners, L.P. and Elevation Employee Side Fund, LLC.

 “Elevation Registration” means a registration where Elevation is either (a) an Initiating Holder
pursuant to clause (i) or (ii) of the definition of “Initiating Holders” or (b) a Form S-3 Initiating Holder pursuant to clause (i) or (ii) of the definition of “Form S-3 Initiating Holders.” 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, or any similar successor federal statute,
and the rules and regulations thereunder, all as the same shall be in effect from time to time. 
 “Form S-3
Initiating Holders” means (i) any Holder or Holders who in the aggregate hold not less than fifty percent (50%) of the Registrable Securities then outstanding or (ii) at any time following the date six (6) months
after the IPO, Elevation, and who, in the case of either (i) or (ii), propose to register securities, the aggregate offering price of which, net of underwriting discounts and commissions, exceeds $1,000,000. 

“Holder” means (i) any Investor, if such Investor holds Registrable Securities and (ii) any person
holding Registrable Securities to whom the rights under this Agreement have been transferred in accordance with Section 1.11 hereof. 
 “Initiating Holders” means (i) any Holder or Holders who in the aggregate hold not less than sixty-six and two-thirds percent (66 2/3%) of the Registrable Securities then outstanding or (ii) at any time following the date six months after the IPO,
Elevation, and who, in the case of either (i) or (ii), propose to register securities, the aggregate offering price of which, before payment of underwriting discounts and commissions, exceeds $15,000,000. 

“IPO” means the first public offering of the Common Stock of the Company to the general public that is affected
pursuant to a registration statement filed with, and declared effective by, the Commission under the Securities Act. 

“Major Investor” means any Investor that holds at least 20,000,000 shares of Registrable Securities (as adjusted
for stock splits, consolidations and the like); provided, however, that DAG (as defined on Schedule I hereto) shall be a Major Investor so long as it holds at least 5,812,590 shares of Registrable Securities (as adjusted for stock
splits, consolidations and the like). 

  
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 “New Securities” means any shares of capital stock of the Company,
including Common Stock and the Company’s Preferred Stock, par value $0.000001 per share (the “Preferred Stock”), whether authorized or not, and rights, options or warrants to purchase said shares of capital stock, and
securities of any type whatsoever that are, or may become, convertible into capital stock; provided, however, that the term “New Securities” does not include (i) securities issued pursuant to the Purchase Agreement;
(ii) securities issued upon conversion of the Shares; (iii) shares of Common Stock issued upon the conversion of any other Convertible Securities outstanding as of the date hereof; (iv) shares of Common Stock or Convertible Securities
issued as a dividend on the Company’s stock; (v) shares of Common Stock (or options to purchase shares of Common Stock) issued to employees, directors or consultants of the Company under a stock plan approved by the Board (not including
the reissuance of shares repurchased by the Company from employees or consultants of the Company); (vi) shares of Common Stock or Convertible Securities issued to lenders, financial institutions, equipment lessors or real estate lessors to the
Company in connection with a bona fide borrowing or leasing transaction approved by the Board; (vii) shares of Common Stock or Convertible Securities issued pursuant to the acquisition of another business entity by the Company by merger,
purchase of substantially all of the assets or shares, or other reorganization, the terms of which have been approved by the Board and whereby the Company or its stockholders own not less than a majority of the voting power of the surviving or
successor business; (viii) shares of Common Stock or Convertible Securities issued pursuant to any other transaction with respect to which such securities’ exclusion from the definition of “Calculated Securities” pursuant to
paragraph (B) of Article FOURTH, Section (B)(3)(d)(iii) of the Company’s Seventh Amended and Restated Certificate of Incorporation is approved by the affirmative vote of at least a majority of the Preferred Stock and (ix) any right,
option or warrant to acquire any security convertible into the securities excluded from the definition of New Securities pursuant to clauses (i) through (viii) above. 

“Other Stockholders” means persons other than Holders who, by virtue of agreements with the Company, are entitled
to include their securities in certain registrations hereunder. 
 “Pro Rata Portion” means the ratio
that (x) the sum of the number of shares of Common Stock held by a Major Investor immediately prior to the issuance of New Securities, assuming full exercise and/or conversion of the Shares and all Company securities exercisable and/or
convertible into Common Stock then held by such Major Investor, bears to (y) the sum of the total number of shares of Common Stock then outstanding, assuming full exercise and/or conversion of all Company securities exercisable and/or
convertible into Common Stock then outstanding. 
 “Qualified IPO” means a “Series E Qualified
Public Offering” as defined in the Company’s Seventh Amended and Restated Certificate of Incorporation. 
 The terms
“register”, “registered” and “registration” refer to a registration effected by preparing and filing a registration statement in compliance with the Securities Act, and the
declaration or ordering of the effectiveness of such registration statement. 
 “Registration Expenses”
shall mean all expenses incurred by the Company in complying with Sections 1.3, 1.4 and 1.5 hereof, including, without limitation, all registration, qualification, listing and filing fees, printing expenses, escrow fees, fees and disbursements
of counsel for the Company, reasonable fees and disbursements of one counsel for all of the Holders in any given registration (provided, however, that such fees and disbursements shall not exceed $20,000 or, if such registration is undertaken
pursuant to Section 1.3 hereof, $50,000), blue sky fees and expenses and the expense of any special audits incident to or required by any such registration (but excluding the compensation of regular employees of the Company which shall be paid
in any event by the Company), but shall not include Selling Expenses. 

  
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 “Registrable Securities” shall mean (i) shares of Common Stock
issued or issuable pursuant to the conversion of the Shares, (ii) any shares of Common Stock issued as a dividend or other distribution with respect to or in exchange for or in replacement of the shares referenced in clause (i) above and
(iii) shares of Common Stock acquired by Elevation pursuant to the Stock Purchase Agreements (or shares of Common Stock acquired by Elevation pursuant to the conversion of Series A Preferred acquired by Elevation pursuant
             to the Stock Purchase Agreements) or the Tender Offer (as defined in the Purchase Agreement); provided, however, that shares of Common Stock or other securities shall
not be treated as Registrable Securities if (A) they have been (x) sold to or through a broker or dealer or underwriter in a public distribution or a public securities transaction, (y) sold in a transaction exempt from the
registration and prospectus delivery requirements of the Securities Act under Section 4(1) thereof so that all transfer restrictions and restrictive legends with respect thereto are removed upon the consummation of such sale or
(z) transferred in a transaction pursuant to which the registration rights are not also assigned in accordance with Section 1.11 hereof or (B) with respect to each Holder, all such shares held by such Holder become eligible for sale
and remain eligible for sale under Rule 144 (or any similar or successor rule) during any one ninety- (90-) day period without registration. 
 “Restricted Securities” shall mean the securities of the Company required to bear the legend set forth in Section 1.2 hereof. 

“Rule 144” means Rule 144 as promulgated by the Commission under the Securities Act, as such Rule may be amended
from time to time, or any similar successor rule that may be promulgated by the Commission. 
 “Rule 145”
means Rule 145 as promulgated by the Commission under the Securities Act, as such Rule may be amended from time to time, or any similar successor rule that may be promulgated by the Commission. 

“Rule 415” means Rule 415 as promulgated the Commission under the Securities Act, as such Rule may be amended
from time to time, or any similar successor rule that may be promulgated by the Commission. 
 “Securities
Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder, or any similar federal statute and the rules and regulations of the Commission thereunder, all as the same shall be in effect
at the time. 
 “Selling Expenses” shall mean all underwriting discounts, selling commissions and stock
transfer taxes applicable to the securities registered by the Holders and all fees and disbursements of counsel for any Holder. 

“Shares” means all shares of Preferred Stock. 

1.2 Restrictions. 
 (a) Each Holder agrees not to make any disposition of all or any portion of the Registrable Securities unless and until the transferee has agreed in writing for the benefit of the Company to be bound by
this Section 1.2 and Section 1.14, provided and to the extent such Sections are then applicable, and (i) there is then in effect a registration statement under the Securities Act covering such proposed disposition and such disposition
is made in accordance with such registration statement or (ii) such Holder shall have notified the Company of the proposed disposition and shall have furnished the Company with a detailed statement of the circumstances surrounding the proposed
disposition, and, if reasonably requested by the Company, such Holder shall have furnished the Company 

  
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with an opinion of counsel, reasonably satisfactory to the Company, that such disposition will not require registration under the Securities Act. Notwithstanding the foregoing, no such
registration statement or opinion of counsel shall be necessary for a transfer by a Holder which is (A) a partnership to its partners or retired partners in accordance with partnership interests, (B) a limited liability company to its
members or former members in accordance with their interest in the limited liability company, (C) a corporation to its shareholders in accordance with their interests in the corporation, (D) to the Holder’s family member or trust for
the benefit of an individual Holder or (E) an affiliated fund or entity of the Holder, which means with respect to a limited liability company or a limited liability partnership, a fund or entity managed by the same manager or managing member
or general partner or management company or by an entity controlling, controlled by, or under common control with such manager or managing member or general partner or management company (such a fund or entity, an “Affiliated
Fund”), provided in all cases enumerated in clauses (A) - (E) that the transferee is subject to the terms of this Section 1.2 and Section 1.14 as if such transferee were an original Holder hereunder. Each Holder
consents to the Company making a notation on its records and giving instructions to any transfer agent of the Restricted Securities in order to implement the restrictions on transfer established in this Section 1.2. 

(b) Each certificate representing Registrable Securities shall be stamped or otherwise imprinted with legends substantially in the
following forms (in addition to any legend required under applicable state securities laws or the Company’s charter documents): 
 “THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED, OR HYPOTHECATED UNLESS AND
UNTIL REGISTERED UNDER SUCH ACT, OR UNLESS THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL OR OTHER EVIDENCE, SATISFACTORY TO THE COMPANY AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT REQUIRED.” 

“THE SHARES REPRESENTED BY THIS CERTIFICATE MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF AN AGREEMENT BETWEEN THE COMPANY
AND THE STOCKHOLDER, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY.” 
 (c) The Company shall promptly
reissue unlegended certificates at the request of any Holder thereof if the Holder shall have obtained an opinion of counsel reasonably acceptable to the Company to the effect that the securities proposed to be disposed of may lawfully be disposed
of without registration, qualification or legend. 
 1.3 Requested Registration. 

(a) Request for Registration. If the Company shall receive from Initiating Holders a written request that the Company effect any
registration, qualification or compliance, the Company shall: 
 (i) promptly, and in any event within ten (10) days of
receipt thereof, deliver written notice of the proposed registration, qualification or compliance to all other Holders; and 

(ii) as soon as practicable, and in any event within ninety (90) days of the receipt of such request, use its best efforts to
effect such registration, qualification or compliance (including, without limitation, the execution of an undertaking to file post-effective 

  
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amendments, appropriate qualification under applicable blue sky or other state securities laws and appropriate compliance with applicable regulations issued under the Securities Act and any other
governmental requirements or regulations) as may be so requested and as would permit or facilitate the sale and distribution of all or such portion of such Registrable Securities as are specified in such request, together with all or such portion of
the Registrable Securities of any Holder or Holders joining in such request as are specified in a written request delivered to the Company within twenty (20) days after delivery of such written notice from the Company; provided, however,
that the Company shall not be obligated to take any action to effect any such registration, qualification or compliance pursuant to this Section 1.3: 
 (A) Prior to the earlier of: (i) five (5) years following the date of this Agreement and (ii) six (6) months following the effective date of the IPO; 

(B) After the Company has effected two (2) such registrations pursuant to this Section 1.3, such registrations have been
declared or ordered effective and the securities offered pursuant to such registrations have been sold; 
 (C) During the
period starting with the date sixty (60) days prior to the Company’s estimated date of filing of, and ending on a date ninety (90) days after the effective date of, a registration initiated by the Company, unless such offering is the
initial public offering of the Company’s securities, in which case, ending on a date one hundred and eighty (180) days after the effective date of such registration; provided that the Company is actively employing in good faith all
reasonable efforts to cause such registration statement to become effective and that the Company’s estimate of the date of filing such registration statement is made in good faith; 

(D) In any particular jurisdiction in which the Company would be required to execute a general consent to service of process in
effecting such registration, qualification or compliance unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities Act; 

(E) If in the good faith judgment of the Board, such registration would be seriously detrimental to the Company and its stockholders and
the Board concludes, as a result, that it is essential to defer the filing of such registration statement at such time, and the Company thereafter delivers to the Initiating Holders a certificate, signed by the President or Chief Executive Officer
of the Company, stating that in the good faith judgment of the Board it would be seriously detrimental to the Company and its stockholders for a registration statement to be filed in the near future, then the Company’s obligation to use its
best efforts to register, qualify, or comply under this Section 1.3 shall be deferred for a period not to exceed ninety (90) days from the delivery of the written request from the Initiating Holders; provided, however, that the
Company may not utilize this right more than once in any twelve-(12-) month period; 
 (F) If the Initiating Holders do not
request that such offering be firmly underwritten by underwriters selected by the Initiating Holders (subject to the consent of the Company, which consent shall not be unreasonably withheld); 

(G) If the Initiating Holders propose to dispose of Registrable Securities which may be immediately registered on Form S-3 pursuant to a
request made under Section 1.4 hereof; or 
 (H) Notwithstanding Section 1.3(a)(ii)(B), if the Initiating Holder is
Elevation, if the Company has previously effected an Elevation Registration under 

  
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this Section 1.3 that has been declared or ordered effective (excluding any Disqualified Elevation Registration). 
 Subject to the foregoing clauses (A) through (H), the Company shall file a registration statement covering the Registrable Securities so requested to be registered as soon as practicable after
receipt of the request or requests of the Initiating Holders. The registration statement filed pursuant to the request of the Initiating Holders may, subject to the provisions of Sections 1.3(c) and Section 1.13 hereof, include other securities
of the Company with respect to which registration rights have been granted, and may include securities being sold for the account of the Company. 
 (b) Underwriting. The right of any Holder to registration pursuant to this Section 1.3 shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such
Holder’s Registrable Securities in the underwriting to the extent provided herein. A Holder may elect to include in such underwriting all or a part of the Registrable Securities held by such Holder. 

(c) Procedures. If the Company shall request inclusion in any registration pursuant to this Section 1.3 of securities being
sold for its own account, or if other persons shall request inclusion in any registration pursuant to this Section 1.3, the Initiating Holders shall, on behalf of all Holders, offer to include such securities in the underwriting and may
condition such offer on their acceptance of the applicable provisions of this Section 1 (including, without limitation, Section 1.14). The Company shall (together with all Holders or other persons proposing to distribute their securities
through such underwriting) enter into and perform its obligations under an underwriting agreement in customary form with the managing underwriter selected for such underwriting by a majority in interest of the Initiating Holders (which managing
underwriter shall be reasonably acceptable to the Company). Notwithstanding any other provision of this Section 1.3, if the managing underwriter advises the Initiating Holders in writing that marketing factors require a limitation of the number
of shares to be underwritten, the number of shares of Registrable Securities that may be included in the underwriting shall be allocated among all participating Holders thereof, including the Initiating Holders, in proportion (as nearly as
practicable) to the amount of Registrable Securities owned by each participating Holder; provided, however, that the number of shares of Registrable Securities to be included in such underwriting shall not be reduced unless all other
securities proposed to be included in such underwriting by the Company or other selling stockholders are first entirely excluded from the underwriting. If any person who has requested inclusion in such registration as provided above disapproves of
the terms of the underwriting, such person shall be excluded therefrom by written notice delivered by the Company or the managing underwriter. Any Registrable Securities and/or other securities so excluded or withdrawn shall also be withdrawn from
registration. 
 1.4 Registration on Form S-3. 

(a) Qualification on Form S-3. After the IPO, the Company shall use its best efforts to qualify for registration on Form S-3 or
any comparable or successor form. To that end the Company shall register (whether or not required by law to do so) its Common Stock under the Exchange Act in accordance with the provisions of the Exchange Act following the effective date of the
first registration of any securities of the Company on Form S-1 or any comparable or successor form or forms. 
 (b) Request
for Registration on Form S-3. After the Company has qualified for the use of Form S-3, if the Company shall receive from Form S-3 Initiating Holders a written request that the Company effect a registration on Form S-3 the Company shall:

  
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 (i) promptly, and in any event within ten (10) days of receipt thereof, deliver
written notice of the proposed registration to all other Holders; and 
 (ii) as soon as practicable, and in any event within
ninety (90) days of the receipt of such request, use its best efforts to effect such registration, qualification or compliance (including, without limitation, the execution of an undertaking to file post-effective amendments, appropriate
qualification under applicable blue sky or other state securities laws and appropriate compliance with applicable regulations issued under the Securities Act and any other governmental requirements or regulations) as may be so requested and as would
permit or facilitate the sale and distribution of all or such portion of such Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities of any Holder or Holders joining in such request
as are specified in a written request delivered to the Company within twenty (20) days after delivery of such written notice from the Company; provided, however, that the Company shall not be obligated to take any action to effect any
such registration, qualification or compliance pursuant to this Section 1.4: 
 (A) More than twice in any twelve- (12-)
month period; 
 (B) After the fifth (5th) anniversary of the effective date of the IPO; 

(C) After the Company has effected three (3) such registrations pursuant to this Section 1.4, such registrations have been
declared or ordered effective and the securities offered pursuant to such registrations have been sold; 
 (D) During the
period starting with the date sixty (60) days prior to the Company’s estimated date of filing of, and ending on a date ninety (90) days after the effective date of, a registration initiated by the Company, unless such offering is the
initial public offering of the Company’s securities, in which case, ending on a date one hundred and eighty (180) days after the effective date of such registration; provided that the Company is actively employing in good faith all
reasonable efforts to cause such registration statement to become effective and that the Company’s estimate of the date of filing such registration statement is made in good faith; 

(E) In any particular jurisdiction in which the Company would be required to execute a general consent to service of process in
effecting such registration, qualification or compliance unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities Act; 

(F) If in the good faith judgment of the Board, such registration would be seriously detrimental to the Company and its stockholders and
the Board concludes, as a result, that it is essential to defer the filing of such registration statement at such time, and the Company thereafter delivers to the Initiating Holders a certificate, signed by the President or Chief Executive Officer
of the Company, stating that in the good faith judgment of the Board it would be seriously detrimental to the Company and its stockholders for a registration statement to be filed in the near future, then the Company’s obligation to use its
best efforts to register, qualify or comply under this Section 1.4 shall be deferred for a period not to exceed ninety (90) days from the date of delivery of the written request from the Initiating Holders; provided, however, that
the Company may not utilize this right more than once in any twelve- (12-) month period; or 
 (G) Notwithstanding
Section 1.4(a)(ii)(C), if the 

  
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Form S-3 Initiating Holder is Elevation, if the Company has previously effected two Elevation Registrations under this Section 1.4 that have been declared or ordered effective (excluding any
Disqualified Elevation Registration). 
 (c) Underwriting; Procedures. If a registration requested under this
Section 1.4 is for an underwritten offering, the provisions of Sections 1.3(b) and 1.3(c) shall apply to such registration. 
 1.5 Company Registration. 
 (a) Notice of Registration. If the
Company shall determine to register any of its securities, either for its own account or the account of a security holder or holders other than (A) a registration pursuant to Sections 1.3 or 1.4 hereof, (B) a registration relating solely
to employee benefit plans, (C) a registration relating solely to a Rule 145 transaction or (D) a registration on any registration form that does not permit secondary sales, the Company shall: 

(i) promptly deliver to each Holder written notice thereof; and 

(ii) use its best efforts to include in such registration (and any related qualification under blue sky laws or other compliance),
except as set forth in Section 1.5(b) below, and in any underwriting involved therein, all the Registrable Securities specified in a written request or requests made by any Holder and delivered to the Company within twenty (20) days after
the written notice is delivered by the Company. Such written request may include all or a portion of a Holder’s Registrable Securities. 
 (b) Underwriting; Procedures. If the registration of which the Company gives notice is for a registered public offering involving an underwriting, the Company shall so advise the Holders as a part
of the written notice given pursuant to Section 1.5(a)(i). In such event, the right of any Holder to registration pursuant to this Section 1.5 shall be conditioned upon such Holder’s participation in such underwriting and the
inclusion of Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute their securities through such underwriting shall (together with the Company and the other Holders distributing their
securities through such underwriting) enter into and perform their obligations under an underwriting agreement in customary form with the managing underwriter selected for such underwriting by the Company. Notwithstanding any other provision of this
Section 1.5, if the managing underwriter determines that marketing factors require a limitation of the number of shares to be underwritten, the managing underwriter may exclude all Registrable Securities from, or limit the number of Registrable
Securities to be included in, the registration and underwriting but in no event shall any securities held by any other selling stockholder be included if any securities held by any selling Holder are excluded. The number of shares of Registrable
Securities that may be included in the registration and underwriting shall be allocated among all participating Holders thereof, including the Initiating Holders, in proportion (as nearly as practicable) to the amount of Registrable Securities owned
by each participating Holder. The Company shall so advise each Holder requesting registration and the number of Registrable Securities that such Holder is entitled to be included in the registration and underwriting. If any person who has requested
inclusion in such registration as provided above disapproves of the terms of the underwriting, such person shall be excluded therefrom by written notice delivered by the Company or the managing underwriter. Any Registrable Securities and/or other
securities so excluded or withdrawn shall also be withdrawn from registration. 
 (c) Right to Terminate Registration.
The Company shall have the right to terminate or withdraw any registration initiated by it under this Section 1.5 prior to the 

  
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effectiveness of such registration, whether or not any Holder has elected to include securities in such registration. 
 1.6 Registration Procedures. In the case of each registration, qualification or compliance effected by the Company pursuant to this Section 1, the Company shall keep each Holder advised in
writing as to the initiation of each registration, qualification or compliance and as to the completion thereof and, at its expense, the Company shall: 
 (a) Prepare and file with the Commission a registration statement with respect to such securities and use its best efforts to cause such registration statement to become and remain effective for at least
one hundred twenty (120) days or until the distribution described in the registration statement has been completed, whichever occurs first; provided, however, that (i) such one hundred twenty- (120-) day period shall be extended for
a period of time equal to the period the Holder refrains from selling any securities included in such registration at the request of the Company or an underwriter of Common Stock or other securities of the Company and (ii) in the case of any
registration of Registrable Securities on Form S-3 which are intended to be offered on a continuous or delayed basis, such one hundred twenty- (120-) day period shall be extended, if necessary, up to one hundred eighty (180) days to keep the
registration statement effective until all such Registrable Securities are sold; provided, however, that in no event shall such one hundred twenty- (120-) day period be extended beyond the one- (1-) year anniversary of the effective date of
the registration statement; and provided further, that if Rule 415 or any successor rule under the Securities Act permits an offering on a continuous or delayed basis, and if applicable rules under the Securities Act governing the obligation
to file a post-effective amendment permit, in lieu of filing a post-effective amendment which (A) includes any prospectus required by Section 10(a)(3) of the Securities Act or (B) reflects facts or events representing a material or
fundamental change in the information set forth in the registration statement, the incorporation by reference of information required to be included in (A) and (B) above, then the information required to be included in (A) and
(B) above shall be contained in periodic reports filed pursuant to Section 13 or 15(d) of the Exchange Act incorporated by reference in the registration statement; 
 (b) Furnish to the Holders participating in such registration and to the underwriters of the securities being registered such reasonable number of copies of the registration statement, preliminary
prospectus, final prospectus and such other documents as such Holders may reasonably request in order to facilitate the public offering of such securities; 
 (c) Prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection with such registration statements as may be necessary to
comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement; 
 (d) Notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act of the happening
of any event as a result of which the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the
statements therein not misleading or incomplete in the light of the circumstances then existing, and at the request of any such seller, prepare and furnish to such seller a reasonable number of copies of a supplement to or an amendment of such
prospectus as may be necessary so that, as thereafter delivered to the purchaser of such shares, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to
make the statements therein not misleading or incomplete in the light of the circumstances then existing; 

  
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 (e) Use its best efforts to register and qualify the securities covered by such
registration statement under such other securities or blue sky laws of such jurisdictions as shall be reasonably requested by the Holders, provided that the Company shall not be required in connection therewith or as a condition thereto to qualify
to do business or to file a general consent to service of process in any such states or jurisdictions; 
 (f) Cause all such
Registrable Securities to be listed on each securities exchange on which similar securities issued by the Company are then listed; 
 (g) In the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and customary form, with the managing underwriters of such offering.
Each Holder participating in such offering shall also enter into and perform its obligations under such underwriting agreement. 
 (h) Provide a transfer agent and registrar for all Registrable Securities and a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration; and

 (i) Use its best efforts to furnish, at the request of any Holder requesting registration of Registrable Securities pursuant
to this Section 1, on the date that such Registrable Securities are delivered to the underwriters for sale in connection with a registration pursuant to this Section 1, if such securities are being sold through underwriters, or, if such
securities are not being sold through underwriters, on the date that the registration statement with respect to such securities becomes effective, (i) an opinion, dated such date, of the counsel representing the Company for the purposes of such
registration, in form and substance as is customarily given to underwriters in an underwritten public offering, addressed to the underwriters, if any, and to the Holders requesting registration of Registrable Securities and (ii) a letter, dated
such date, from the independent certified public accountants of the Company, in form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten public offering, addressed to the underwriters,
if any, and to the Holders requesting registration of Registrable Securities (to the extent the then-applicable standards of professional conduct permit said letter to be addressed to the Holders). 

1.7 Information by Holders. The Holder or Holders of Registrable Securities included in any registration shall furnish to the
Company such information regarding such Holder or Holders, the Registrable Securities held by them, and the distribution proposed by such Holder or Holders as the Company may request in writing and as shall be required in connection with any
registration, qualification or compliance referred to in this Section 1, and the refusal to furnish such information by any Holder or Holder shall relieve the Company of its obligations in this Section 1 with respect to such Holder or
Holders. Furthermore, the Company shall have no obligation with respect to any registration requested pursuant to Section 1.3 or Section 1.4 of this Agreement if, as a result of the application of the preceding sentence, the number of
shares or the anticipated aggregate offering price of the Registrable Securities to be included in the registration does not equal or exceed the number of shares or the anticipated aggregate offering price required to originally trigger the
Company’s obligation to initiate such registration as specified in the definition of “Initiating Holders” or “Form S-3 Initiating Holders,” whichever is applicable. 

1.8 Indemnification. 
 (a) To the extent permitted by law, the Company shall indemnify each Holder, each of its officers, directors, partners, legal counsel and accountants, and each person controlling such Holder within the
meaning of Section 15 of the Securities Act, with respect to which 

  
 11 

 
registration, qualification or compliance has been effected pursuant to this Section 1, and each underwriter, if any, and each person who controls any underwriter within the meaning of
Section 15 of the Securities Act, against all expenses, claims, losses, damages or liabilities (or actions, proceedings or settlements in respect thereof) arising out of or based on any untrue statement (or alleged untrue statement) of a
material fact contained in any registration statement, prospectus, offering circular or other document (including any related registration statement, notification or the like), or any amendment or supplement thereto, incident to any such
registration, qualification or compliance, or based on any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances in which they were
made, not misleading, or any violation by the Company of the Securities Act, the Exchange Act, any state securities law or any rule or regulation promulgated under the Securities Act, the Exchange Act or any state securities law applicable to the
Company in connection with any such registration, qualification or compliance, and the Company shall reimburse each such Holder, each of its officers, directors, partners, legal counsel and accountants, and each person controlling such Holder, each
such underwriter and each person who controls any such underwriter, for any reasonable legal and any other expenses incurred in connection with investigating, preparing, defending or settling any such claim, loss, damage, liability or action, as
such expenses are incurred; provided, however, that the Company shall not be liable in any such case to the extent that any such claim, loss, damage, liability or expense arises out of or is based on any untrue statement or omission or
alleged untrue statement or omission, made in reliance upon and in conformity with written information furnished to the Company by such Holder, controlling person or underwriter and stated to be specifically for use therein. It is agreed that the
indemnity agreement contained in this Section 1.8 shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Company (which consent shall not be
unreasonably withheld). 
 (b) To the extent permitted by law, each Holder shall, if Registrable Securities held by such Holder
are included in the securities as to which such registration, qualification or compliance is being effected, indemnify the Company, each of its directors, officers, partners, legal counsel and accountants, and each underwriter, if any, of the
Company’s securities covered by such a registration statement, each person who controls the Company or such underwriter within the meaning of Section 15 of the Securities Act, and each other such Holder and Other Stockholder, each of their
officers, directors and partners, and each person controlling such Holder or Other Stockholder within the meaning of Section 15 of the Securities Act, against all claims, losses, damages and liabilities (or actions in respect thereof) arising
out of or based on any untrue statement (or alleged untrue statement) of a material fact contained in any such registration statement, prospectus, offering circular or other document, or any omission (or alleged omission) to state therein a material
fact required to be stated therein or necessary to make the statements therein not misleading, and shall reimburse the Company and such Holders, Other Stockholders, directors, officers, partners, legal counsel and accountants, persons, underwriters
or control persons for any legal or any other expenses reasonably incurred in connection with investigating or defending any such claim, loss, damage, liability or action, as such expenses are incurred, in each case to the extent, but only to the
extent, that such untrue statement (or alleged untrue statement) or omission (or alleged omission) is made in such registration statement, prospectus, offering circular or other document in reliance upon and in conformity with written information
furnished to the Company by such Holder and stated to be specifically for use therein; provided, however, that the obligations of such Holder hereunder shall not apply to amounts paid in settlement of any such claims, losses, damages or
liabilities (or actions in respect thereof) if such settlement is effected without the consent of such Holder (which consent shall not be unreasonably withheld); and provided further, that in no event shall any Holder be obligated to
indemnify any Other Stockholder pursuant to this Agreement unless such Other Stockholder has agreed to indemnify such Holder to the same extent as such Holder has agreed to indemnify such Other Stockholder pursuant to this Agreement; and provided
further, that 

  
 12 

 
in no event shall any indemnity under this Section 1.8(b) exceed the net proceeds received by such Holder in such offering. 

(c) Each party entitled to indemnification under this Section 1.8 (the “Indemnified Party”) shall give
notice to the party required to provide indemnification (the “Indemnifying Party”) promptly after such Indemnified Party has actual knowledge of any claim as to which indemnity may be sought, and shall permit the Indemnifying
Party to assume the defense of any such claim or any litigation resulting therefrom; provided, however, that counsel for the Indemnifying Party, who shall conduct the defense of such claim or litigation, shall be approved by the Indemnified
Party (whose approval shall not unreasonably be withheld), and the Indemnified Party may participate in such defense at such party’s expense; and provided further, that the failure of any Indemnified Party to give notice as provided
herein shall not relieve the Indemnifying Party of its obligations under this Section 1 unless the failure to give such notice is materially prejudicial to an Indemnifying Party’s ability to defend such action. No Indemnifying Party, in
the defense of any such claim or litigation, shall, except with the consent of each Indemnified Party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant
or plaintiff to such Indemnified Party of a release from all liability in respect to such claim or litigation. Each Indemnified Party shall furnish such information regarding itself or the claim in question as an Indemnifying Party may reasonably
request in writing and as shall be reasonably required in connection with the defense of such claim and litigation resulting therefrom. 
 (d) If the indemnification provided for in this Section 1.8 is held by a court of competent jurisdiction to be unavailable to an Indemnified Party with respect to any claim, loss, damage, liability
or expense referred to therein, then the Indemnifying Party, in lieu of indemnifying such Indemnified Party hereunder, shall contribute to the amount paid or payable by such Indemnified Party as a result of such claim, loss, damage, liability or
expense in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party on the one hand and the Indemnified party on the other in connection with the statements or omissions that resulted in such claim, loss, damage,
liability or expense, as well as any other relevant equitable considerations. The relative fault of the Indemnifying Party and of the Indemnified Party shall be determined by reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission to state a material fact related to information supplied by the Indemnifying Party or by the Indemnified Party and the parties’ relative intent, knowledge, access to information and opportunity to
correct or prevent such statement or omission. The Company and the Holders agree that it would not be just and equitable if contribution pursuant to this Section 1.8 were based solely upon the number of entities from whom contribution was
requested or by any other method of allocation which does not take account of the equitable considerations referred to above. In no event shall any contribution by a Holder under this Section 1.8 exceed the net proceeds received by such Holder
in such offering. 
 (e) The amount paid or payable by an Indemnified Party as a result of the losses, claims, damages and
liabilities referred to above in this Section 1.8 shall be deemed to include any legal or other expenses reasonably incurred by such Indemnified Party in connection with investigating or defending any such action or claim, subject to the
provisions of Section 1.8(c). No person guilty of fraudulent misrepresentation (within the meaning of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. 

(f) Notwithstanding the foregoing, to the extent that the provisions on indemnification and contribution contained in the underwriting
agreement entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall control. 

  
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 (g) The obligations of the Company and Holders under this Section 1.8 shall survive
the completion of any offering of Registrable Securities in a registration statement. 
 1.9 Expenses of Registration.
All Registration Expenses shall be borne by the Company; provided, however, that if the Holders bear the Registration Expenses for any registration proceeding begun pursuant to Section 1.3 and subsequently withdrawn by the Holders
registering shares therein, such registration proceeding shall not be counted as a requested registration pursuant to Section 1.3. Furthermore, in the event that a withdrawal by the Holders is based upon material adverse information relating to
the Company that is different from the information known to the Holders requesting registration at the time of their request for registration under Section 1.3, such registration proceeding shall not be counted as a requested registration
pursuant to Section 1.3, even though the Holders do not bear the Registration Expenses for such registration. All Selling Expenses relating to securities registered on behalf of the Holders shall be borne by the holders of the registered
securities included in such registration pro rata on the basis of the number of shares so registered. 
 1.10 Rule 144
Reporting. With a view to making available the benefits of certain rules and regulations of the Commission which may at any time permit the sale of the Restricted Securities to the public without registration after such time as a public market
exists for the Common Stock, the Company agrees to: 
 (a) Make and keep public information available, as those terms are
understood and defined in Rule 144, at all times after the effective date that the Company becomes subject to the reporting requirements of the Securities Act or the Exchange Act; 

(b) File with the Commission in a timely manner all reports and other documents required of the Company under the Securities Act and the
Exchange Act (at any time after it has become subject to such reporting requirements); and 
 (c) So long as a Holder owns any
Restricted Securities, to furnish to the Holder forthwith upon request a written statement by the Company as to its compliance with the reporting requirements of Rule 144 and of any other reporting requirements of the Securities Act and the Exchange
Act (at any time after it has become subject to such reporting requirements), or that it qualifies as a registrant whose securities may be resold pursuant to Form S-3 (at any time after it so qualifies), a copy of the most recent annual or quarterly
report of the Company and such other reports and documents of the Company and other information in the possession of or reasonably obtainable by the Company as a Holder may reasonably request in availing itself of any rule or regulation of the
Commission allowing a Holder to sell any such securities without registration. 
 1.11 Transfer of Registration Rights.
The rights to cause the Company to register securities granted to any party hereto under Section 1 may be assigned by a Holder only to a transferee or assignee of not less than 5,000,000 shares of Registrable Securities (as appropriately
adjusted for stock splits and the like); provided, however, that the Company is given written notice at the time of or within a reasonable time after said assignment, stating the name and address of the transferee or assignee and identifying
the securities with respect to which such registration rights are being assigned; and provided further, that the assignee of such rights assumes in writing the obligations of such Holder under this Section 1. Notwithstanding the
foregoing, no such minimum share assignment requirement shall be necessary for an assignment by a Holder which is (A) a partnership to its partners or retired partners in accordance with partnership interests, (B) a limited liability
company to its members or former members in accordance with their interest in the limited liability company, (C) a corporation to its shareholders in accordance with their interests in the corporation, (D) to the Holder’s family
member or trust for the benefit of an individual Holder or (E) an Affiliated Fund. For the purposes of determining 

  
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the number of shares of Registrable Securities held by a transferee or assignee, the holdings of transferees and assignees of (x) a partnership who are partners or retired partners of such
partnership or (y) a limited liability company who are members or retired members of such limited liability company (including family members of such partners or members who acquire Registrable Securities by gift, will or intestate succession)
shall be aggregated together and with the partnership or limited liability company; provided that all assignees and transferees who would not qualify individually for assignment of registration rights shall have a single attorney-in-fact for the
purpose of exercising any rights, receiving notices or taking any action under this Section 1. 
 1.12 Limitations on
Subsequent Registration Rights. From and after the date hereof, the Company shall not, without the prior written consent of Holders who in the aggregate hold more than fifty percent (50%) of the then outstanding Registrable Securities,
enter into any agreement (a) granting any holder or prospective holder of any securities of the Company registration rights the terms of which are equal to or more favorable than the registration rights granted to Holders hereunder or
(b) which would allow such holder or prospective holder to (i) include such securities in any registration filed under this Section 1, unless under the terms of such agreement, such holder or prospective holder may include such
securities in any such registration only to the extent that the inclusion of such holder’s securities will not reduce the amount of the Registrable Securities of the Holders which is included or (ii) make a demand registration which could
result in such registration statement being declared effective prior to the earlier of either of the dates set forth in Section 1.3(a)(ii)(A) or within one hundred twenty (120) days of the effective date of any registration effected
pursuant to Section 1.3. 
 1.13 Standoff Agreement. Each Holder agrees in connection with the IPO that, upon
request of the underwriters managing any underwritten offering of the Company’s securities, not to sell, make any short sale of, loan, pledge or otherwise hypothecate or encumber, grant any option for the purchase of or otherwise dispose of any
Registrable Securities (other than those included in the registration) without the prior written consent of such underwriters, as the case may be, for such period of time, not to exceed one hundred eighty (180) days from the effective date of
such registration, as may be requested by such managing underwriters, provided that each of the Company’s directors and officers and each of the Company’s stockholders that holds one percent (1%) or more of the shares of the
Company’s then outstanding capital stock agrees to the same terms. 
 1.14 Termination of Rights. The rights of any
particular Holder to cause the Company to register securities under Sections 1.3, 1.4 and 1.5 shall terminate with respect to such Holder on the five- (5-) year anniversary of the effective date of the Qualified IPO. 

2. Right of First Refusal. 
 2.1 Right of First Refusal. 
 (a) Right of First Refusal. Subject
to the terms and conditions contained in this Section 2.1, the Company hereby grants to each Major Investor the right of first refusal to purchase its Pro Rata Portion of any New Securities which the Company may, from time to time, propose to
issue and sell. 
 (b) Notice of Right. In the event the Company proposes to undertake an issuance of New Securities, it
shall give each Major Investor written notice of its intention, describing the type of New Securities and the price and terms upon which the Company proposes to issue the same. Each Major Investor shall have twenty (20) days from the date of
delivery of any such notice to agree to purchase up to such Major Investor’s Pro Rata Portion of such New Securities, for the price and upon the terms specified in the notice, by delivering written notice to the Company and stating

  
 15 

 
therein the quantity of New Securities to be purchased. The Company shall promptly inform in writing each Major Investor that elects to purchase all the shares available to it (a
“Fully-Exercising Investor”) of any other Major Investor’s failure to do likewise. During the ten- (10-) day period commencing after such information is given, each Fully-Exercising Investor may elect to purchase that portion
of the New Securities for which the other Major Investors were entitled to subscribe, but which were not subscribed for by such other Major Investors, that is equal to the proportion that the number of shares of Registrable Securities issued and
held by such Fully-Exercising Investor bears to the total number of shares of Registrable Securities then held by all Fully-Exercising Investors who wish to purchase some of the unsubscribed shares. 

(c) Lapse and Reinstatement of Right. The Company shall have sixty (60) days following the twenty- (20-) or thirty- (30-)
day period, as applicable, described in Section 2.1(b) to sell or enter into an agreement (pursuant to which the sale of New Securities covered thereby shall be closed, if at all, within thirty (30) days from the date of said agreement) to
sell the New Securities with respect to which the Major Investors’ right of first refusal was not exercised, at a price and upon terms no more favorable to the purchasers of such securities than specified in the Company’s notice. In the
event the Company has not sold the New Securities or entered into an agreement to sell the New Securities within said sixty- (60-) day period (or sold and issued New Securities in accordance with the foregoing within thirty (30) days from the
date of said agreement), the Company shall not thereafter issue or sell any New Securities without first offering such securities to the Major Investors in the manner provided above. 

2.2 Assignment of Right of First Refusal. The right of first refusal granted hereunder may not be assigned or transferred, except
that such right is assignable by each Major Investor to (i) any wholly-owned subsidiary or parent of, or to any corporation or entity that is, within the meaning of the Securities Act, controlling, controlled by or under common control with,
such Major Investor; (ii) any general partner, managing member or Affiliated Fund of a Major Investor and (iii) such right is assignable to any person or entity that acquires from a Major Investor not less than 5,000,000 shares of
Registrable Securities (as adjusted for stock splits, consolidations and the like) in a transaction permitted under the terms of this Agreement; provided, however, that the right of first refusal granted hereunder may not be assigned or
transferred pursuant to this clause (iii) without the prior written consent of the Board. 
 2.3 Termination of Right
of First Refusal. The right of first refusal granted under Section 2.1 of this Agreement shall not be applicable to any public offering of the Company’s capital stock and shall expire upon the effective date of the Qualified IPO.

 3. Affirmative Covenants of the Company. The Company hereby covenants and agrees, so long as any
Investor holds Registrable Securities, as follows: 
 3.1 Financial Information. Upon the written request of any Major
Investor, the Company shall furnish to such Major Investor the following reports: 
 (a) As soon as practicable after the end
of each fiscal year, and in any event within ninety (90) days thereafter, consolidated balance sheets of the Company and its subsidiaries, if any, as of the end of such fiscal year, and consolidated statements of income, cash flows and
stockholders’ equity of the Company and its subsidiaries, if any, for such year, prepared in accordance with generally accepted accounting principles consistently applied (“GAAP”) and setting forth in each case in
comparative form the figures for the previous fiscal year, all in reasonable detail and certified by independent public accountants of national standing selected by the Company; 

  
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 (b) As soon as practicable, but in any event within forty-five (45) days after the end
of each of the first three (3) quarters of each fiscal year of the Company, consolidated balance sheets of the Company and its subsidiaries, if any, as of the end of such quarterly period, and consolidated statements of income and cash flows of
the Company and its subsidiaries, if any, for such quarterly period, prepared in accordance with generally accepted accounting principles consistently applied and setting forth in each case in comparative form the figures for the corresponding
quarterly periods of the previous fiscal year, subject to changes resulting from normal year-end audit adjustments, all in reasonable detail and certified by the principal financial or accounting officer of the Company, except such financial
statements need not contain the notes required by generally accepted accounting principles; 
 (c) As soon as practicable upon
approval or adoption by the Board, and in any event at least thirty (30) days prior to the beginning of each fiscal year, a copy of the Company’s budget and operating plan (including projected balance sheets and profit and loss and cash
flow statements) for such fiscal year; 
 (d) As soon as practicable after the end of each calendar month, and in any event
within thirty (30) days thereafter, consolidated balance sheets of the Company and its subsidiaries, if any, as of the end of each calendar month, and consolidated statements of income and cash flow for such period and for the current fiscal
year to date; 
 (e) As soon as practicable, but in any event within thirty (30) days after the end of each fiscal quarter
of the Company, an updated list of all holders of capital stock of the Company that includes the name of each holder and the number and class of shares held by each holder and an updated list of all holders of options and warrants of the Company
that includes the name of each holder, the exercise price, the number of shares issued and issuable under such option or warrant, the acceleration provisions, if any, that apply to the vesting provisions in each such option and, if applicable, the
number of shares vested thereunder; and 
 (f) With respect to the financial statements called for in subsections (b) and
(c) of this Section 3.1, an instrument executed by the Chief Financial Officer or President of the Company and certifying that such financials were prepared in accordance with GAAP (with the exception of footnotes that may be required by
GAAP) and fairly present the financial condition of the Company and its results of operation for the period specified, subject to year-end audit adjustments, provided that the foregoing shall not restrict the right of the Company to change its
accounting principles consistent with GAAP, if the Board determines that it is in the best interest of the Company to do so. 

3.2 Inspection. The Company shall permit any Major Investor, at such Major Investor’s expense, to visit and inspect the
Company’s properties, to examine its books of account and other records (and make copies and take extracts therefrom), and to discuss the Company’s affairs, finances and accounts with its officers, all at such reasonable times as may be
requested by such Major Investor. 
 3.3 Termination of Covenants. The covenants set forth in this Section 3 shall
terminate and be of no further force or effect as of the date on which the Company is required to file reports with the Commission pursuant to Section 13 or 15(d) of the Exchange Act. 

3.4 Company Confidential Information. Notwithstanding anything to the contrary in this Section 3, each Investor by reason of
this Agreement shall not have access to any trade secrets or classified information of the Company. Each Investor agrees to hold in confidence and trust and not to disclose any confidential information provided pursuant to this Section 3,
except that each 

  
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Investor may disclose such information to the extent, but only to the extent, necessary (i) as required by any court or other governmental body, provided that such Investor provides,
to the extent legally permissible, the Company with prompt notice of such court order or requirement to enable the Company to seek a protective order or otherwise to prevent or restrict such disclosure; (ii) to legal counsel of such Investor;
(iii) in connection with the enforcement of this Agreement or such Investor’s rights under this Agreement; (iv) to comply with applicable law or (v) to its limited partners in order to keep them apprised of the status and
performance of such Investor’s investment in the Company, provided that any such limited partner agrees to hold any such confidential information in confidence and trust and not to disclose any such confidential information. The
provisions of this Section 3.4 shall be in addition to, and not in substitution for, the provisions of any separate nondisclosure agreement executed by the parties hereto with respect to the transactions contemplated hereby. 

3.5 Payment of Board Meeting Expenses. The Company shall pay the reasonable expenses (including, without limitation, such
expenses related to airfare) of members of the Board when acting on behalf of the Company, including, without limitation, in connection with attending meetings of the Board. 

3.6 D&O Insurance. The Company shall use its best efforts to maintain directors’ and officers’
liability insurance in an amount and upon terms acceptable to the Investors; provided, however, that notwithstanding the foregoing, the Company shall not be required to pay an annual premium on such insurance policy in any year that exceeds
four (4) times the annual premium paid by the Company for the first (1st) year of such coverage. 
 3.7 Key Person
Insurance. The Company shall use its best efforts to obtain and maintain a key person life insurance policy on Jeremy Stoppelman and Russel Simmons in the amount of $1,000,000, with the Company as the named beneficiary of such policy;
provided, however, that notwithstanding the foregoing, the Company shall not be required to pay an annual premium on such insurance policy in any year that exceeds four (4) times the annual premium paid by the Company for the first
(1st) year of such coverage. 

3.8 Other Insurance. The Company shall use its best efforts to maintain its property, general liability and
workers’ compensation insurance in effect on the date of this Agreement in an amount and upon terms acceptable to the Investors, with the Company as the named beneficiary of such policy; provided, however, that notwithstanding the
foregoing, the Company shall not be required to pay an annual premium on such insurance policy in any year that exceeds four (4) times the annual premium paid by the Company for the first (1st) year of such coverage. 

3.9 Stock Options and Vesting. Unless otherwise approved by the Board (including the director designated by
holders of the Series B Preferred Stock voting as a separate class, the director designated by the holders of the Series C Preferred Stock voting as a separate class or the director designated by the holders of the Series E Preferred Stock voting as
a separate class), the total number of shares of Common Stock reserved for issuance pursuant to the Company’s 2005 Equity Incentive Plan, as amended, shall not exceed 99,576,803. Unless otherwise approved by the Board, (i) all stock
options granted to the Company’s employees shall vest over a four-year period, with the first twenty-five percent (25%) vesting on the first (1st) anniversary of the date of grant and the remainder vesting on a monthly basis over the following three years, in
each case, subject to the continuation of such employee’s service to the Company and (ii) if an employee is terminated, with or without cause, the Company shall have the right to repurchase any unvested shares held by such employee at
cost. 

  
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 4. Miscellaneous. 

4.1 Governing Law. This Agreement shall be governed in all respects by the laws of the State of California without regard to
conflict of law principles that would result in the application of any law other than the law of the State of California. 

4.2 Successors and Assigns. Except as otherwise provided herein, the provisions hereof shall inure to the benefit of, and be
binding upon, the successors, assigns, heirs, executors and administrators of the parties hereto. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and
assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided by this Agreement. 
 4.3 Entire Agreement. This Agreement and the other documents delivered pursuant hereto constitute the full and entire understanding and agreement among the parties with regard to the subjects
hereof and thereof. 
 4.4 Notices, Etc. All notices and other communications required or permitted hereunder shall be
in writing and shall be mailed by registered or certified mail, postage prepaid, return receipt requested, or otherwise delivered by hand or by messenger, addressed (a) if to an Investor, at such Investor’s address set forth on the
signature page of this Agreement, or at such other address as such Investor shall have furnished to the Company in writing, or (b) if to any other holder of any Shares, at such address as such holder shall have furnished the Company in writing,
or, until any such holder so furnishes an address to the Company, then to and at the address of the last holder of such Shares who has so furnished an address to the Company or (c) if to the Company, at its address set forth on the signature
page of this Agreement addressed to the attention of the Corporate Secretary, or at such other address as the Company shall have furnished to the Investors. Unless specifically stated otherwise, if notice is provided by mail, it shall be deemed to
be delivered upon proper deposit in a mailbox, and if notice is delivered by hand or by messenger, it shall be deemed to be delivered upon actual delivery. 
 4.5 Delays or Omissions. No delay or omission to exercise any right, power or remedy accruing to the Investors upon any breach or default of the Company under this Agreement shall impair any such
right, power or remedy of such party, nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or in any similar breach or default thereafter occurring; nor shall any waiver of any single breach or
default be deemed a waiver of any other breach or default theretofore or thereafter occurring. Any waiver, permit, consent or approval of any kind or character on the part of any party of any breach or default under this Agreement, or any waiver on
the part of any party of any provisions or conditions of this Agreement, must be in writing and shall be effective only to the extent specifically set forth in such writing or as provided in this Agreement. All remedies, either under this Agreement
or by law or otherwise afforded to any party, shall be cumulative and not alternative. 
 4.6 Dispute Resolution Fees.
If any action at law or in equity is necessary to enforce or interpret the terms of this Agreement, the prevailing party shall be entitled to reasonable attorneys’ fees, costs and disbursements in addition to any other relief to which such
party may be entitled. 
 4.7 Counterparts. This Agreement may be executed in any number of counterparts and signatures
may be delivered by facsimile or .pdf, each of which may be executed by less than all parties, each of which shall be enforceable against the parties actually executing such counterparts, and all of which together shall constitute one instrument.

  
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 4.8 Severability. If any provision of this Agreement becomes or is declared by a
court of competent jurisdiction to be illegal, unenforceable or void, portions of such provision, or such provision in its entirety, to the extent necessary, shall be severed from this Agreement and the balance of this Agreement shall be enforceable
in accordance with its terms. 
 4.9 Titles and Subtitles. The titles and subtitles used in this Agreement are used for
convenience only and are not to be considered in construing or interpreting this Agreement. 
 4.10
Amendment and Waiver. Any provision of this Agreement may be amended or waived (either generally or in a particular instance and either retroactively or prospectively) with the written consent of (a) the Company, (b) Investors that
in the aggregate hold not less than sixty-six and two-thirds percent (66 2/3%) of the Registrable Securities then outstanding and (c) if any such amendment or waiver is material and adverse to the New Investors, New Investors holding a majority of the Registrable
Securities held by all New Investors. For purposes of clarity, any waiver of Section 2 hereof shall be considered to be material and adverse to the New Investors. The parties to this Agreement agree that no consent is needed pursuant to part
(c) of this Section 4.10 to amend this Agreement to add a party acquiring duly authorized shares of a new series of Preferred Stock to this Agreement or to grant any rights under this Agreement to such party. 

4.11 Rights of Investors. Each party to this Agreement shall have the absolute right to exercise or refrain from exercising any
right or rights that such party may have by reason of this Agreement, including, without limitation, the right to consent to the waiver or modification of any obligation under this Agreement, and such party shall not incur any liability to any other
party or other holder of any securities of the Company as a result of exercising or refraining from exercising any such right or rights. 
 4.12 Prior Agreement. Upon the effectiveness of this Agreement, the Prior Agreement shall terminate and be of no further force and effect, and shall be superseded and replaced in its entirety by
this Agreement. 
 4.13 Aggregation of Stock. All shares of Preferred Stock held or acquired by affiliated entities or
persons shall be aggregated together for the purpose of determining the availability of any rights under this Agreement. 

[Signature pages follow] 

  
 20 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first
above written. 
  

			
	YELP! INC.
	
	 /s/ Jeremy Stoppelman

	By:	 	Jeremy Stoppelman
	It:	 	President and Chief Executive Officer

  

	
	Address for Notice:
	
	706 Mission Street
	San Francisco, California 94105

  
 SIGNATURE PAGE
TO THE YELP! INC. 
 FOURTH AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first
above written. 
  

			
	INVESTORS:
	
	ELEVATION PARTNERS L.P.
		
	By:	 	Elevation Associates, L.P.
	As General Partner
		
	By:	 	Elevation Associates, LLC
	As General Partner

 
			
	
	 /s/ Marc Bodnick

	Name: Marck Bodnick
	Title: Manager
	
	ELEVATION EMPLOYEE SIDE FUND, LLC
	
	 /s/ Marc Bodnick

	Name: Marck Bodnick
	Title: Manager
	
	Address for Notice:
	
	2800 Sand Hill Road, Suite 160
	Menlo Park, CA 94025

  
 SIGNATURE PAGE
TO THE YELP! INC. 
 FOURTH AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first
above written. 
  

					
	INVESTORS:
	
	BESSEMER VENTURE PARTNERS VI L.P.
	BESSEMER VENTURE PARTNERS VI INSTITUTIONAL L.P.
	BESSEMER VENTURE PARTNERS CO-INVESTMENT L.P.
		
	By:	 	Deer VI & Co. LLC, General Partner

 
					
		
	By:	 	 /s/ J. Edmund Colloton

		 	      By: J. Edmund Colloton
		 	      Its: Executive Manager
	
	Address for Notice:
	
	1865 Palmer Avenue, Ste. 104
	Larchmont, N.Y. 10538

  
 SIGNATURE PAGE
TO THE YELP! INC. 
 FOURTH AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first
above written. 
  

			
	INVESTORS:
	
	BENCHMARK CAPITAL PARTNERS V, L.P.
	as nominee for
	Benchmark Capital Partners V, L.P.
	Benchmark Founders’ Fund V, L.P.
	Benchmark Founders’ Fund V-A, L.P
	 Benchmark Founders’ Fund V-B, L.P.
 and related individuals

		
	By:	 	Benchmark Capital Management Co. V, L.L.C. its general partner
	
	 /s/ Peter Fenton

	By:	 	
	Its:	 	Managing Member
	
	Address for Notice:
	
	2480 Sand Hill Road, Suite 200
	Menlo Park, CA 94025

  
 SIGNATURE PAGE
TO THE YELP! INC. 
 FOURTH AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first
above written 
  

			
	INVESTORS:
	
	DAG VENTURES III-QP, L.P.
	
	By: DAG Ventures Management III, LLC, its General Partner
	
	 /s/ Young Chung

	By:	 	Young Chung
	Its:	 	Managing Director
	
	Address for Notice:
	
	251 Lytton Avenue, Suite 200
	Palo Alto, CA 94341
	
	DAG VENTURES III, L.P.
	
	By. DAG Ventures Management III, LLC, its General Partner
	
	 /s/ Young Chung

	By:	 	Young Chung
	Its:	 	Managing Director
	
	Address for Notice:
	
	251 Lytton Avenue, Suite 200
	Palo Alto, CA 94341

  
 SIGNATURE PAGE
TO THE YELP! INC. 
 FOURTH AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first
above written 
  

			
	INVESTORS:
	
	DAG VENTURES GP FUND III, LLC
	
	By: DAG Ventures Management III, LLC, its General Partner
	
	 /s/ Young Chung

	By:	 	Young Chung
	Its:	 	Managing Director
	
	Address for Notice:
	
	251 Lytton Avenue, Suite 200
	Palo Alto, CA 94341
	
	DAG VENTURES I-N, LLC
	
	By. DAG Ventures Management III, LLC, its General Partner
	
	 /s/ Young Chung

	By:	 	Young Chung
	Its:	 	Managing Director
	
	Address for Notice:
	
	251 Lytton Avenue, Suite 200
	Palo Alto, CA 94341

  
 SIGNATURE PAGE
TO THE YELP! INC. 
 FOURTH AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT 

 SCHEDULE I 
 DAG Ventures III-QP, L.P. 
 DAG Ventures III, L.P. 

DAG Ventures GP Fund III, LLC DAG Ventures I-N, LLC 
 (collectively, “DAG”) 
 Bessemer Venture Partners VI L.P.

 Bessemer Venture Partners Co-Investment L.P. 
 Bessemer Venture Partners VI Institutional L.P. 
 Benchmark Capital Partners V, L.P. 

Peter Thiel 
 Keith Rabois 

 SCHEDULE II 
 Elevation Partners, L.P. 
 Elevation Employee Side Fund, LLCAmended and Restated 2005 Equity Incentive Plan

 Exhibit 10.2 
 YELP! INC. 
 AMENDED AND RESTATED 2005 EQUITY INCENTIVE PLAN,

 As Amended Through January 6, 2011 
 1. Purposes of the Plan. The purposes of the Yelp! Inc. 2005 Equity Incentive Plan are to attract and retain the best available personnel for positions of substantial responsibility, to provide
additional incentive to Employees, Directors and Consultants and to promote the success of the Company’s business. Options granted under the Plan may be Incentive Stock Options or Non-Qualified Stock Options, as determined by the Administrator
at the time of grant. Stock Purchase Rights may also be granted under the Plan. 
 2. Definitions. As used herein, the
following definitions shall apply: 
 (a) “Acquisition” means (1) a dissolution, liquidation or sale of
all or substantially all of the assets of the Company; (2) a merger or consolidation in which the Company is not the surviving corporation or (3) a reverse merger in which the Company is the surviving corporation but the shares of the
Company’s common stock outstanding immediately preceding the merger are converted by virtue of the merger into other property, whether in the form of securities, cash or otherwise; provided that, in the case of each of (1), (2) and (3),
such Acquisition qualifies as a Liquidation (as such term is defined in the Company’s Certificate of Incorporation, as in effect at the time of such Acquisition). 
 (b) “Administrator” means the Board or the Committee responsible for conducting the general administration of the Plan, as applicable, in accordance with Section 4 hereof.

 (c) “Applicable Laws” means the requirements relating to the administration of stock option plans under U.S.
state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and the applicable laws of any foreign country or jurisdiction where Options or Stock
Purchase Rights are granted under the Plan. 
 (d) “Board” means the Board of Directors of the Company.

 (e) “Code” means the Internal Revenue Code of 1986, as amended, or any successor statute or statutes
thereto. Reference to any particular Code section shall include any successor section. 
 (f) “Committee” means
a committee appointed by the Board in accordance with Section 4 hereof. 
 (g) “Common Stock” means the
common stock of the Company, par value $0.00001 per share. 
 (h) “Company” means Yelp! Inc., a Delaware
corporation. 

 (i) “Consultant” means any consultant or adviser if: (i) the
consultant or adviser renders bona fide services to the Company or any Parent or Subsidiary of the Company; (ii) the services rendered by the consultant or adviser are not in connection with the offer or sale of securities in a
capital-raising transaction and do not directly or indirectly promote or maintain a market for the Company’s securities and (iii) the consultant or adviser is a natural person who has contracted directly with the Company or any Parent or
Subsidiary of the Company to render such services. 
 (j) “Director” means a member of the Board. 

(k) “Employee” means any person, including an Officer or Director, who is an employee (as defined in accordance with
Section 3401(c) of the Code) of the Company or any Parent or Subsidiary of the Company. A Service Provider shall not cease to be an Employee in the case of (i) any leave of absence approved by the Company or (ii) transfers between
locations of the Company or between the Company, its Parent, any Subsidiary, or any successor. For purposes of Incentive Stock Options, no such leave may exceed ninety (90) days, unless reemployment upon expiration of such leave is guaranteed
by statute or contract. Neither service as a Director nor payment of a director’s fee by the Company shall be sufficient, by itself, to constitute “employment” by the Company. Notwithstanding the foregoing, for purposes of continued
vesting in an Option or Restricted Stock, an Employee on a leave of absence shall be deemed to have ceased to be a Service Provider and shall not vest in any Option or Restricted Stock for the duration of such leave of absence, except as may
otherwise be: (1) provided in the Company’s leave of absence policy or in the written terms of any leave of absence agreement or policy applicable to the Employee, (2) provided in the applicable Option Agreement or Restricted Stock
purchase agreement, or (3) required by law. 
 (l) “Exchange Act” means the Securities Exchange Act of
1934, as amended, or any successor statute or statutes thereto. Reference to any particular Exchange Act section shall include any successor section. 
 (m) “Fair Market Value” means, as of any date, the value of a share of Common Stock determined as follows: 
 (i) If the Common Stock is listed on any established stock exchange or a national market system, including, without limitation, The Nasdaq Global Market or The Nasdaq Global Select Market, its Fair Market
Value shall be the closing sales price for a share of such stock (or the closing bid, if no sales were reported) as quoted on such exchange or system for the last market trading day prior to the time of determination, as reported in The Wall
Street Journal or such other source as the Administrator deems reliable; 
 (ii) If the Common Stock is regularly quoted by
a recognized securities dealer but selling prices are not reported, its Fair Market Value shall be the mean between the high bid and low asked prices for a share of the Common Stock on the last market trading day prior to the day of determination;
or 

  
 2 

 (iii) In the absence of an established market for the Common Stock, the Fair Market Value
thereof shall be determined in good faith by the Administrator in compliance with Section 409A of the Code or in the case of an Incentive Stock Option, in compliance with Section 422 of the Code. 

(n) “Holder” means a person who has been granted or awarded an Option or Stock Purchase Right or who holds Shares
acquired pursuant to the exercise of an Option or Stock Purchase Right. 
 (o) “Incentive Stock Option” means
an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code and which is designated as an Incentive Stock Option by the Administrator. 

(p) “Independent Director” means a Director who is not an Employee of the Company. 

(q) “Non-Qualified Stock Option” means an Option (or portion thereof) that is not designated as an Incentive Stock
Option by the Administrator, or which is designated as an Incentive Stock Option by the Administrator but fails to qualify as an incentive stock option within the meaning of Section 422 of the Code. 

(r) “Officer” means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act
and the rules and regulations promulgated thereunder. 
 (s) “Option” means a stock option granted pursuant to
the Plan. 
 (t) “Option Agreement” means a written agreement between the Company and a Holder evidencing the
terms and conditions of an individual Option grant. The Option Agreement is subject to the terms and conditions of the Plan. 

(u) “Parent” means any corporation, whether now or hereafter existing (other than the Company), in an unbroken chain of
corporations ending with the Company if each of the corporations other than the last corporation in the unbroken chain owns stock possessing more than fifty percent (50%) of the total combined voting power of all classes of stock in one of the
other corporations in such chain. 
 (v) “Plan” means the Yelp! Inc. 2005 Equity Incentive Plan. 

(w) “Public Trading Date” means the first date upon which Common Stock of the Company is listed (or approved for
listing) upon notice of issuance on any securities exchange or designated (or approved for designation) upon notice of issuance as a national market security on an interdealer quotation system. 

(x) “Restricted Stock” means Shares acquired pursuant to the exercise of an unvested Option in accordance with
Section 10(h) below or pursuant to a Stock Purchase Right granted under Section 12 below. 

  
 3 

 (y) “Rule 16b-3” means that certain Rule 16b-3 under the Exchange Act, as
such Rule may be amended from time to time. 
 (z) “Section 16(b)” means Section 16(b) of the Exchange
Act, as such Section may be amended from time to time. 
 (aa) “Securities Act” means the Securities Act of
1933, as amended, or any successor statute or statutes thereto. Reference to any particular Securities Act section shall include any successor section. 
 (bb) “Service Provider” means an Employee, Director or Consultant. 
 (cc) “Share” means a share of Common Stock, as adjusted in accordance with Section 13 below. 
 (dd) “Stock Purchase Right” means a right to purchase Common Stock pursuant to Section 12 below. 
 (ee) “Subsidiary” means any corporation, whether now or hereafter existing (other than the Company), in an unbroken chain of corporations beginning with the Company if each of the
corporations other than the last corporation in the unbroken chain owns stock possessing more than fifty percent (50%) of the total combined voting power of all classes of stock in one of the other corporations in such chain. 

3. Stock Subject to the Plan. Subject to the provisions of Section 13 of the Plan, the shares of stock subject to Options or
Stock Purchase Rights shall be Common Stock. Subject to the provisions of Section 13 of the Plan, the maximum aggregate number of Shares which may be issued upon exercise of such Options or Stock Purchase Rights is 101,450,000 Shares. Shares
issued upon exercise of Options or Stock Purchase Rights may be authorized but unissued, or reacquired Common Stock. If an Option or Stock Purchase Right expires or becomes unexercisable without having been exercised in full, the unpurchased Shares
which were subject thereto shall become available for future grant or sale under the Plan (unless the Plan has terminated). Shares which are delivered by the Holder or withheld by the Company upon the exercise of an Option or Stock Purchase Right
under the Plan, in payment of the exercise price thereof or tax withholding thereon, may again be optioned, granted or awarded hereunder, subject to the limitations of this Section 3. If Shares of Restricted Stock are repurchased by the Company
at their original purchase price, such Shares shall become available for future grant under the Plan (unless the Plan has terminated). Subject to the provisions of Section 13 relating to Capitalization Adjustments, the aggregate maximum number
of shares of Common Stock that may be issued pursuant to the exercise of Incentive Stock Options shall be One Hundred Eighty Million (180,000,000) shares of Common Stock. 
 4. Administration of the Plan. 
 (a) Administrator. Unless and until
the Board delegates administration to a Committee as set forth below, the Plan shall be administered by the Board. The Board may 

  
 4 

 
delegate administration of the Plan to a Committee or Committees of one or more members of the Board, and the term “Committee” shall apply to any person or persons to whom such
authority has been delegated. If administration is delegated to a Committee, the Committee shall have, in connection with the administration of the Plan, the powers theretofore possessed by the Board, including the power to delegate to a
subcommittee any of the administrative powers the Committee is authorized to exercise (and references in this Plan to the Board shall thereafter be to the Committee or subcommittee), subject, however, to such resolutions, not inconsistent with the
provisions of the Plan, as may be adopted from time to time by the Board. Notwithstanding the foregoing, however, from and after the Public Trading Date, a Committee of the Board shall administer the Plan and the Committee shall consist solely of
two or more Independent Directors each of whom is an “outside director,” within the meaning of Section 162(m) of the Code, a “non-employee director,” within the meaning of Rule 16b-3, and qualifies as “independent”
within the meaning of any applicable stock exchange listing requirements. Members of the Committee shall also satisfy any other legal requirements applicable to membership on the Committee, including requirements under the Sarbanes-Oxley Act of 2002
and other Applicable Laws. Within the scope of such authority, the Board or the Committee may (i) delegate to a committee of one or more members of the Board who are not Independent Directors the authority to grant awards under the Plan to
eligible persons who are either (1) not then “covered employees,” within the meaning of Section 162(m) of the Code and are not expected to be “covered employees” at the time of recognition of income resulting from such
award or (2) not persons with respect to whom the Company wishes to comply with Section 162(m) of the Code and/or (ii) delegate to a committee of one or more members of the Board who are not “non-employee directors,” within
the meaning of Rule 16b-3, the authority to grant awards under the Plan to eligible persons who are not then subject to Section 16 of the Exchange Act. The Board may abolish the Committee at any time and revest in the Board the administration
of the Plan. Appointment of Committee members shall be effective upon acceptance of appointment. Committee members may resign at any time by delivering written notice to the Board. Vacancies in the Committee may only be filled by the Board.

 (b) Powers of the Administrator. Subject to the provisions of the Plan and the specific duties delegated by the Board
to such Committee, and subject to the approval of any relevant authorities, the Administrator shall have the authority in its sole discretion: 
 (i) to determine the Fair Market Value; 
 (ii) to select the Service Providers to
whom Options and Stock Purchase Rights may from time to time be granted hereunder; 
 (iii) to determine the number of Shares
to be covered by each such award granted hereunder; 
 (iv) to approve forms of agreement for use under the Plan; 

(v) to determine the terms and conditions of any Option or Stock Purchase Right granted hereunder (such terms and conditions include,
but are not limited to, the exercise price, the time or times when Options or Stock Purchase Rights may vest or be 

  
 5 

 
exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation regarding any Option or Stock Purchase
Right or the Common Stock relating thereto, based in each case on such factors as the Administrator, in its sole discretion, shall determine); 
 (vi) to determine whether to offer to buyout a previously granted Option as provided in subsection 10(i) and to determine the terms and conditions of such offer and buyout (including whether payment
is to be made in cash or Shares); 
 (vii) to prescribe, amend and rescind rules and regulations relating to the Plan,
including rules and regulations relating to sub-plans established for the purpose of qualifying for preferred tax treatment under foreign tax laws; 
 (viii) to allow Holders to satisfy withholding tax obligations by electing to have the Company withhold from the Shares to be issued upon exercise of an Option or Stock Purchase Right that number of
Shares having a Fair Market Value equal to the minimum amount required to be withheld based on the statutory withholding rates for federal and state tax purposes that apply to supplemental taxable income. The Fair Market Value of the Shares to be
withheld shall be determined on the date that the amount of tax to be withheld is to be determined. All elections by Holders to have Shares withheld for this purpose shall be made in such form and under such conditions as the Administrator may deem
necessary or advisable; 
 (ix) to amend the Plan or any Option or Stock Purchase Right granted under the Plan as provided in
Section 15; and 
 (x) to construe and interpret the terms of the Plan and awards granted pursuant to the Plan and to
exercise such powers and perform such acts as the Administrator deems necessary or desirable to promote the best interests of the Company which are not in conflict with the provisions of the Plan. 

(c) Effect of Administrator’s Decision. All decisions, determinations and interpretations of the Administrator shall be final
and binding on all Holders. 
 5. Eligibility. Non-Qualified Stock Options and Stock Purchase Rights may be granted to
Service Providers. Incentive Stock Options may be granted only to Employees. If otherwise eligible, a Service Provider who has been granted an Option or Stock Purchase Right may be granted additional Options or Stock Purchase Rights. 

6. Limitations. 
 (a) Each Option shall be designated by the Administrator in the Option Agreement as either an Incentive Stock Option or a Non-Qualified Stock Option. However, notwithstanding such designations, to the
extent that the aggregate Fair Market Value of Shares subject to a Holder’s Incentive Stock Options and other incentive stock options granted by the Company, any Parent or Subsidiary, which become exercisable for the first time during any

  
 6 

 
calendar year (under all plans of the Company or any Parent or Subsidiary) exceeds $100,000, such excess Options or other options shall be treated as Non-Qualified Stock Options. 

For purposes of this Section 6(a), Incentive Stock Options shall be taken into account in the order in which they were granted, and
the Fair Market Value of the Shares shall be determined as of the time of grant. 
 (b) Neither the Plan, any Option nor any
Stock Purchase Right shall confer upon a Holder any right with respect to continuing the Holder’s employment or consulting relationship with the Company, nor shall they interfere in any way with the Holder’s right or the Company’s
right to terminate such employment or consulting relationship at any time, with or without cause. 
 (c) No
Service Provider shall be granted, in any calendar year, Options or Stock Purchase Rights to purchase more than 4,500,000 Shares; provided, however, that the foregoing limitation shall not apply prior to the Public Trading Date and, following
the Public Trading Date, the foregoing limitation shall not apply until the earliest of: (i) the first material modification of the Plan (including any increase in the number of shares reserved for issuance under the Plan in accordance with
Section 3); (ii) the issuance of all of the shares of Common Stock reserved for issuance under the Plan; (iii) the expiration of the Plan; (iv) the first meeting of stockholders at which Directors of the Company are to be elected
that occurs after the close of the third
(3rd) calendar year following the calendar year in
which occurred the first registration of an equity security of the Company under Section 12 of the Exchange Act or (v) such other date required by Section 162(m) of the Code and the rules and regulations promulgated thereunder. The
foregoing limitation shall be adjusted proportionately in connection with any change in the Company’s capitalization as described in Section 13. For purposes of this Section 6(c), if an Option is canceled in the same calendar year it
was granted (other than in connection with a transaction described in Section 13), the canceled Option will be counted against the limit set forth in this Section 6(c). For this purpose, if the exercise price of an Option is reduced, the
transaction shall be treated as a cancellation of the Option and the grant of a new Option. 
 7. Term of Plan. The Plan
shall become effective upon its initial adoption by the Board and shall continue in effect until it is terminated under Section 15 of the Plan. No Options or Stock Purchase Rights may be issued under the Plan after the tenth
(10th) anniversary of the earlier of (i) the date upon which the Plan is adopted by the Board or (ii) the date the Plan is approved by the stockholders. 
 8. Term of Option. The term of each Option shall be stated in the Option Agreement; provided, however, that the term shall be no more than ten (10) years from the date of grant thereof.
In the case of an Incentive Stock Option granted to a Holder who, at the time the Option is granted, owns (or is treated as owning under Code Section 424) stock representing more than ten percent (10%) of the voting power of all classes of
stock of the Company or any Parent or Subsidiary, the term of the Option shall be five (5) years from the date of grant or such shorter term as may be provided in the Option Agreement. 

  
 7 

 9. Option Exercise Price and Consideration. 

(a) Except as provided in Section 13, the per share exercise price for the Shares to be issued upon exercise of an Option shall be
such price as is determined by the Administrator, but shall be subject to the following: 
 (i) In the case of an Incentive
Stock Option 
 (A) granted to an Employee who, at the time of grant of such Option, owns (or is treated as owning under Code
Section 424) stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the per Share exercise price shall be no less than one hundred ten percent (110%) of
the Fair Market Value per Share on the date of grant. 
 (B) granted to any other Employee, the per Share exercise price shall
be no less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant. 
 (ii) In the case of
a Non-Qualified Stock Option granted to any Service Provider, the per Share exercise price shall be no less than one-hundred percent (100%) of the Fair Market Value per Share on the date of grant. 

(iii) Notwithstanding the foregoing, Options may be granted with a per Share exercise price other than as required above pursuant to a
merger or other corporate transaction. 
 (b) The consideration to be paid for the Shares to be issued upon exercise of an
Option, including the method of payment, shall be determined by the Administrator (and, in the case of an Incentive Stock Option, shall be determined at the time of grant). Such consideration may consist of (1) cash, (2) check,
(3) with the consent of the Administrator, a full recourse promissory note bearing interest (at no less than such rate as is a market rate of interest and which then precludes the imputation of interest under the Code), payable upon such terms
as may be prescribed by the Administrator, and structured to comply with Applicable Laws, (4) with the consent of the Administrator, other Shares which (x) in the case of Shares acquired from the Company, have been owned by the Holder for
more than six (6) months on the date of surrender (or such other period as may be required to avoid the Company’s incurring an adverse accounting charge), and (y) have a Fair Market Value on the date of surrender equal to the
aggregate exercise price of the Shares as to which such Option shall be exercised, (5) if the Option is a Non-Qualified Stock Option, with the consent of the Administrator, surrendered Shares then issuable upon exercise of the Option having a
Fair Market Value on the date of exercise equal to the aggregate exercise price of the Option or exercised portion thereof, (6) with the consent of the Administrator, property of any kind which constitutes good and valuable consideration,
(7) with the consent of the Administrator, delivery of a notice that the Holder has placed a market sell order with a broker with respect to Shares then issuable upon exercise of the Options and that the broker has been directed to pay a
sufficient portion of the net proceeds of the sale to the Company in satisfaction of the Option exercise price, provided, that payment of 

  
 8 

 
such proceeds is then made to the Company upon settlement of such sale, (8) with the consent of the Administrator, any combination of the foregoing methods of payment or (9) any other
form of legal consideration that may be acceptable to the Administrator. 
 10. Exercise of Option. 

(a) Vesting; Fractional Exercises. Except as provided in Section 13, Options granted hereunder shall be vested and exercisable
according to the terms hereof at such times and under such conditions as determined by the Administrator and set forth in the Option Agreement. An Option may not be exercised for a fraction of a Share. 

(b) Deliveries upon Exercise. All or a portion of an exercisable Option shall be deemed exercised upon delivery of all of the
following to the Secretary of the Company or his or her office: 
 (i) A written or electronic notice complying with the
applicable rules established by the Administrator stating that the Option, or a portion thereof, is exercised. The notice shall be signed by the Holder or other person then entitled to exercise the Option or such portion of the Option; 

(ii) Such representations and documents as the Administrator, in its sole discretion, deems necessary or advisable to effect compliance
with Applicable Laws. The Administrator may, in its sole discretion, also take whatever additional actions it deems appropriate to effect such compliance, including, without limitation, placing legends on share certificates and issuing stop transfer
notices to agents and registrars; 
 (iii) Upon the exercise of all or a portion of an unvested Option pursuant to
Section 10(h), a Restricted Stock purchase agreement in a form determined by the Administrator and signed by the Holder or other person then entitled to exercise the Option or such portion of the Option; and 

(iv) In the event that the Option shall be exercised pursuant to Section 10(f) by any person or persons other than the Holder,
appropriate proof of the right of such person or persons to exercise the Option. 
 (c) Conditions to Delivery of Share
Certificates. The Company shall not be required to issue or deliver any certificate or certificates for Shares purchased upon the exercise of any Option or portion thereof prior to fulfillment of all of the following conditions: 

(i) The admission of such Shares to listing on all stock exchanges on which such class of stock is then listed; 

(ii) The completion of any registration or other qualification of such Shares under any state or federal law, or under the rulings or
regulations of the Securities and Exchange Commission or any other governmental regulatory body which the Administrator shall, in its sole discretion, deem necessary or advisable; 

  
 9 

 (iii) The obtaining of any approval or other clearance from any state or federal
governmental agency which the Administrator shall, in its sole discretion, determine to be necessary or advisable; 
 (iv) The
lapse of such reasonable period of time following the exercise of the Option as the Administrator may establish from time to time for reasons of administrative convenience; and 

(v) The receipt by the Company of full payment for such Shares, including payment of any applicable withholding tax, which in the sole
discretion of the Administrator may be in the form of consideration used by the Holder to pay for such Shares under Section 9(b). 
 (d) Termination of Relationship as a Service Provider. If a Holder ceases to be a Service Provider other than by reason of the Holder’s disability or death, such Holder may exercise his or her
Option within such period of time as is specified in the Option Agreement to the extent that the Option is vested on the date of termination; provided, however, that prior to the Public Trading Date, such period of time shall not be
less than thirty (30) days (but in no event later than the expiration of the term of the Option as set forth in the Option Agreement). In the absence of a specified time in the Option Agreement, the Option shall remain exercisable for three
(3) months following the Holder’s termination. If, on the date of termination, the Holder is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option immediately cease to be issuable under the
Option and shall again become available for issuance under the Plan. If, after termination, the Holder does not exercise his or her Option within the time period specified herein, the Option shall terminate, and the Shares covered by such Option
shall again become available for issuance under the Plan. 
 (e) Disability of Holder. If a Holder ceases to be a Service
Provider as a result of the Holder’s disability, the Holder may exercise his or her Option within such period of time as is specified in the Option Agreement to the extent the Option is vested on the date of termination; provided,
however, that prior to the Public Trading Date, such period of time shall not be less than six (6) months (but in no event later than the expiration of the term of such Option as set forth in the Option Agreement). In the absence of a
specified time in the Option Agreement, the Option shall remain exercisable for twelve (12) months following the Holder’s termination. If such disability is not a “disability” as such term is defined in Section 22(e)(3) of
the Code, in the case of an Incentive Stock Option such Incentive Stock Option shall automatically cease to be treated as an Incentive Stock Option and shall be treated for tax purposes as a Non-Qualified Stock Option from and after the day which is
three (3) months and one (1) day following such termination. If, on the date of termination, the Holder is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall immediately cease to be
issuable under the Option and shall again become available for issuance under the Plan. If, after termination, the Holder does not exercise his or her Option within the time specified herein, the Option shall terminate, and the Shares covered by
such Option shall again become available for issuance under the Plan. 

  
 10 

 (f) Death of Holder. If a Holder dies while a Service Provider, the Option may be
exercised within such period of time as is specified in the Option Agreement provided, however, that prior to the Public Trading Date, such period of time shall not be less than six (6) months (but in no event later than the expiration
of the term of such Option as set forth in the Notice of Grant), by the Holder’s estate or by a person who acquires the right to exercise the Option by bequest or inheritance, but only to the extent that the Option is vested on the date of
death. In the absence of a specified time in the Option Agreement, the Option shall remain exercisable for twelve (12) months following the Holder’s termination. If, at the time of death, the Holder is not vested as to his or her entire
Option, the Shares covered by the unvested portion of the Option shall immediately cease to be issuable under the Option and shall again become available for issuance under the Plan. The Option may be exercised by the executor or administrator of
the Holder’s estate or, if none, by the person(s) entitled to exercise the Option under the Holder’s will or the laws of descent or distribution. If the Option is not so exercised within the time specified herein, the Option shall
terminate, and the Shares covered by such Option shall again become available for issuance under the Plan. 
 (g) Regulatory
Extension. A Holder’s Option Agreement may provide that if the exercise of the Option following the termination of the Holder’s status as a Service Provider (other than upon the Holder’s death or Disability) would be prohibited at
any time solely because the issuance of shares would violate the registration requirements under the Securities Act, then the Option shall terminate on the earlier of (i) the expiration of the term of the Option set forth in Section 8 or
(ii) the expiration of a period of three (3) months after the termination of the Holder’s status as a Service Provider during which the exercise of the Option would not be in violation of such registration requirements. 

(h) Early Exercisability. The Administrator may provide in the terms of a Holder’s Option Agreement that the Holder may, at
any time before the Holder’s status as a Service Provider terminates, exercise the Option in whole or in part prior to the full vesting of the Option; provided, however, that subject to Section 20, Shares acquired upon exercise of
an Option which has not fully vested may be subject to any forfeiture, transfer or other restrictions as the Administrator may determine in its sole discretion. 
 (i) Buyout Provisions. The Administrator may at any time offer to buyout for a payment in cash or Shares, an Option previously granted, based on such terms and conditions as the Administrator shall
establish and communicate to the Holder at the time that such offer is made. 
 11. Non-Transferability of Options and Stock
Purchase Rights. Options and Stock Purchase Rights may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime
of the Holder, only by the Holder; provided that the Administrator may, in its sole discretion, permit transfer of the Option or Stock Purchase Right to such extent as permitted by Rule 701 at the time of the grant of the Option and in a manner
consistent with applicable tax and securities laws upon the Holder’s request. 

  
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 12. Stock Purchase Rights. 

(a) Rights to Purchase. Stock Purchase Rights may be issued either alone, in addition to, or in tandem with Options granted under
the Plan and/or cash awards made outside of the Plan. After the Administrator determines that it will offer Stock Purchase Rights under the Plan, it shall advise the offeree in writing of the terms, conditions and restrictions related to the offer,
including the number of Shares that such person shall be entitled to purchase, the price to be paid, and the time within which such person must accept such offer; provided, however, that to the extent required to comply with applicable
securities laws, the purchase price of such Shares shall not be less than the purchase price requirements set forth in Section 260.140.42 of Title 10 of the California Code of Regulations. The offer shall be accepted by execution of a
Restricted Stock purchase agreement in the form determined by the Administrator. 
 (b) Repurchase Right. Unless the
Administrator determines otherwise, the Restricted Stock purchase agreement shall grant the Company the right to repurchase Shares acquired upon exercise of a Stock Purchase Right upon the termination of the purchaser’s status as a Service
Provider for any reason. Subject to Section 20, the purchase price for Shares repurchased by the Company pursuant to such repurchase right and the rate at which such repurchase right shall lapse shall be determined by the Administrator in its
sole discretion, and shall be set forth in the Restricted Stock purchase agreement. 
 (c) Other Provisions. The
Restricted Stock purchase agreement shall contain such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its sole discretion. 

(d) Rights as a Stockholder. Once the Stock Purchase Right is exercised, the purchaser shall have rights equivalent to those of a
stockholder and shall be a stockholder when his or her purchase is entered upon the records of the duly authorized transfer agent of the Company. No adjustment shall be made for a dividend or other right for which the record date is prior to the
date the Stock Purchase Right is exercised, except as provided in Section 13 of the Plan. 
 13. Adjustments upon
Changes in Capitalization, Merger or Asset Sale. 
 (a) In the event that the Administrator determines that any dividend or
other distribution (whether in the form of cash, Common Stock, other securities, or other property), recapitalization, reclassification, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination,
repurchase, liquidation, dissolution, or sale, transfer, exchange or other disposition of all or substantially all of the assets of the Company, or exchange of Common Stock or other securities of the Company, issuance of warrants or other rights to
purchase Common Stock or other securities of the Company, or other similar corporate transaction or event, in the Administrator’s sole discretion, affects the Common Stock such that an adjustment is determined by the Administrator to be
appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended by the Company to be made available under the Plan or with respect to any Option, Stock Purchase Right or Restricted Stock, then the Administrator
shall, in such manner as it may deem equitable, adjust any or all of: 

  
 12 

 (i) the number and kind of shares of Common Stock (or other securities or property) with
respect to which Options or Stock Purchase Rights may be granted or awarded (including, but not limited to, adjustments of the limitations in Section 3 on the maximum number and kind of shares which may be issued and adjustments of the maximum
number of Shares that may be purchased by any Holder in any calendar year pursuant to Section 6(c)); 
 (ii) the number
and kind of shares of Common Stock (or other securities or property) subject to outstanding Options, Stock Purchase Rights or Restricted Stock; and 
 (iii) the grant or exercise price with respect to any Option or Stock Purchase Right. 
 (b) In the event of any transaction or event described in Section 13(a), the Administrator, in its sole discretion, and on such terms and conditions as it deems appropriate, either by the terms of
the Option, Stock Purchase Right or Restricted Stock or by action taken prior to the occurrence of such transaction or event and either automatically or upon the Holder’s request, is hereby authorized to take any one or more of the following
actions whenever the Administrator determines that such action is appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended by the Company to be made available under the Plan or with respect to any
Option, Stock Purchase Right or Restricted Stock granted or issued under the Plan or to facilitate such transaction or event: 

(i) To provide for either the purchase of any such Option, Stock Purchase Right or Restricted Stock for an amount of cash equal to the
amount that could have been obtained upon the exercise of such Option or Stock Purchase Right or realization of the Holder’s rights had such Option, Stock Purchase Right or Restricted Stock been currently exercisable or payable or fully vested
or the replacement of such Option, Stock Purchase Right or Restricted Stock with other rights or property selected by the Administrator in its sole discretion; 
 (ii) To provide that such Option or Stock Purchase Right shall be exercisable as to all shares covered thereby, notwithstanding anything to the contrary in the Plan or the provisions of such Option or
Stock Purchase Right; 
 (iii) To provide that such Option, Stock Purchase Right or Restricted Stock be assumed by the
successor or survivor corporation, or a parent or subsidiary thereof, or shall be substituted for by similar options, rights or awards covering the stock of the successor or survivor corporation, or a parent or subsidiary thereof, with appropriate
adjustments as to the number and kind of shares and prices; 
 (iv) To make adjustments in the number and type of shares of
Common Stock (or other securities or property) subject to outstanding Options and Stock Purchase Rights, and/or in the terms and conditions of (including the grant or exercise price), and the criteria

  
 13 

 
included in, outstanding Options, Stock Purchase Rights or Restricted Stock or Options, Stock Purchase Rights or Restricted Stock which may be granted in the future; and/or 

(v) To provide that immediately upon the consummation of such event, such Option or Stock Purchase Right shall not be exercisable and
shall terminate; provided, that for a specified period of time prior to such event, such Option or Stock Purchase Right shall be exercisable as to all Shares covered thereby, and the restrictions imposed under an Option Agreement or
Restricted Stock purchase agreement upon some or all Shares may be terminated and, in the case of Restricted Stock, some or all shares of such Restricted Stock may cease to be subject to repurchase, notwithstanding anything to the contrary in the
Plan or the provisions of such Option, Stock Purchase Right or Restricted Stock purchase agreement. 
 (c) If the Company
undergoes an Acquisition, with respect to Options, Stock Purchase Rights or Restricted Stock granted prior to November 1, 2005 and held by participants in the Plan whose status as a Service Provider has not terminated prior to such event, the
vesting of such Options, Stock Purchase Rights or Restricted Stock (and, if applicable, the time during which such awards may be exercised) shall be accelerated with respect to twenty-five percent (25%) of the shares initially subject to such
award and made automatically exercisable with regard to such portion of the award (the “Accelerated Options”) upon the closing of the Acquisition; provided, however, that the Company shall give all such participants written notice of any
proposed Acquisition at least ten (10) days prior to the closing of such Acquisition and each such participant shall give the Company notice of his or her intent to exercise such Accelerated Options prior to the closing of such Acquisition (the
“Accelerated Exercise Notice”). The exercise of Accelerated Options shall be conditional upon the (i) closing of the Acquisition and (ii) the receipt by the Company of the Accelerated Exercise Notice prior to the closing of the
Acquisition. Notwithstanding the foregoing, subject to approval by the Board, the Administrator may provide that the vesting acceleration provisions provided in this Section 13(c) shall apply to an Option, Stock Purchase Right or Restricted
Stock granted on or after November 1, 2005. 
 (d) Subject to Section 3, the Administrator may, in its sole
discretion, include such further provisions and limitations in any Option, Stock Purchase Right, Restricted Stock agreement or certificate, as it may deem equitable and in the best interests of the Company. 

(e) The existence of the Plan, any Option Agreement or Restricted Stock purchase agreement and the Options or Stock Purchase Rights
granted hereunder shall not affect or restrict in any way the right or power of the Company or the stockholders of the Company to make or authorize any adjustment, recapitalization, reorganization or other change in the Company’s capital
structure or its business, any merger or consolidation of the Company, any issue of stock or of options, warrants or rights to purchase stock or of bonds, debentures, preferred or prior preference stocks whose rights are superior to or affect the
Common Stock or the rights thereof or which are convertible into or exchangeable for Common Stock, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or
proceeding, whether of a similar character or otherwise. 

  
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 14. Time of Granting Options and Stock Purchase Rights. The date of grant of an
Option or Stock Purchase Right shall, for all purposes, be the date on which the Administrator makes the determination granting such Option or Stock Purchase Right, or such other date as is determined by the Administrator. Notice of the
determination shall be given to each Employee or Consultant to whom an Option or Stock Purchase Right is so granted within a reasonable time after the date of such grant. 
 15. Amendment and Termination of the Plan. 
 (a) Amendment and
Termination. The Board may at any time wholly or partially amend, alter, suspend or terminate the Plan. However, without approval of the Company’s stockholders given within twelve (12) months before or after the action by the Board, no
action of the Board may, except as provided in Section 13, increase the limits imposed in Section 3 on the maximum number of Shares which may be issued under the Plan or extend the term of the Plan under Section 7. 

(b) Stockholder Approval. The Board shall obtain stockholder approval of any Plan amendment to the extent necessary and desirable
to comply with Applicable Laws. 
 (c) Effect of Amendment or Termination. No amendment, alteration, suspension or
termination of the Plan shall impair the rights of any Holder, unless mutually agreed otherwise between the Holder and the Administrator, which agreement must be in writing and signed by the Holder and the Company. Termination of the Plan shall not
affect the Administrator’s ability to exercise the powers granted to it hereunder with respect to Options, Stock Purchase Rights or Restricted Stock granted or awarded under the Plan prior to the date of such termination. 

16. Stockholder Approval. The Plan will be submitted for the approval of the Company’s stockholders within twelve
(12) months after the date of the Board’s initial adoption of the Plan. Options, Stock Purchase Rights or Restricted Stock may be granted or awarded prior to such stockholder approval, provided that such Options, Stock Purchase Rights and
Restricted Stock shall not be exercisable, shall not vest and the restrictions thereon shall not lapse prior to the time when the Plan is approved by the stockholders, and provided further that if such approval has not been obtained at the end of
said twelve-month period, all Options, Stock Purchase Rights and Restricted Stock previously granted or awarded under the Plan shall thereupon be canceled and become null and void. 

17. Inability to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction,
which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such
requisite authority shall not have been obtained. 
 18. Reservation of Shares. The Company, during the term of this
Plan, shall at all times reserve and keep available such number of Shares as shall be sufficient to satisfy the requirements of the Plan. 

  
 15 

 19. Information to Holders and Purchasers. Prior to the Public Trading Date and to
the extent required by Section 260.140.46 of Title 10 of the California Code of Regulations, the Company shall provide to each Holder and to each individual who acquires Shares pursuant to the Plan, not less frequently than annually during the
period such Holder or purchaser has one or more Options or Stock Purchase Rights outstanding, and, in the case of an individual who acquires Shares pursuant to the Plan, during the period such individual owns such Shares, copies of annual financial
statements. Notwithstanding the preceding sentence, the Company shall not be required to provide such statements to key employees whose duties in connection with the Company assure their access to equivalent information. 

20. Repurchase Provisions. The Administrator in its sole discretion may provide that the Company may repurchase Shares acquired
upon exercise of an Option or Stock Purchase Right upon the occurrence of certain specified events, including, without limitation, a Holder’s termination as a Service Provider, divorce, bankruptcy or insolvency; provided, however, that
any such repurchase right shall be set forth in the applicable Option Agreement or Restricted Stock purchase agreement or in another agreement referred to in such agreement; and provided further, that any such repurchase right set forth in an
Option or Stock Purchase Right shall, to the extent required, comply with Section 260.140.8, Section 260.140.41 and Section 260.140.42 of Title 10 of the California Code of Regulations. 

21. Investment Intent. The Company may require a Plan participant, as a condition of exercising or acquiring stock under any
Option or Stock Purchase Right, (i) to give written assurances satisfactory to the Company as to the participant’s knowledge and experience in financial and business matters and/or to employ a purchaser representative reasonably
satisfactory to the Company who is knowledgeable and experienced in financial and business matters and that he or she is capable of evaluating, alone or together with the purchaser representative, the merits and risks of exercising the Option or
Stock Purchase Right and (ii) to give written assurances satisfactory to the Company stating that the participant is acquiring the stock subject to the Option or Stock Purchase Right for the participant’s own account and not with any
present intention of selling or otherwise distributing the stock. The foregoing requirements, and any assurances given pursuant to such requirements, shall be inoperative if (A) the issuance of the shares upon the exercise or acquisition of
stock under the applicable Option or Stock Purchase Right has been registered under a then currently effective registration statement under the Securities Act or (B) as to any particular requirement, a determination is made by counsel for the
Company that such requirement need not be met in the circumstances under then applicable securities laws. The Company may, upon advice of counsel to the Company, place legends on stock certificates issued under the Plan as such counsel deems
necessary or appropriate in order to comply with applicable securities laws, including, but not limited to, legends restricting the transfer of the stock. 
 22. Governing Law. The validity and enforceability of this Plan shall be governed by and construed in accordance with the laws of the State of Delaware without regard to otherwise governing
principles of conflicts of law. 

  
 16

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