Document:

EX-10.1

 Exhibit 10.1 
 Execution Version 
 GOLDMAN, SACHS & CO. | 200 WEST STREET | NEW YORK, NEW YORK
10282-2198 | TEL: 212-902-1000 
 June 5, 2013 

Collared Accelerated Share Repurchase Transaction 
 NetApp, Inc. 
 495 East Java Drive 
 Sunnyvale, California 94089 
  

	Account	Number: 

 Reference Number: 

 
  
 Dear Sir/Madam: 
 The purpose of this letter agreement (this “Confirmation”) is to
confirm the terms and conditions of the Transaction entered into between Goldman, Sachs & Co. (“Seller”) and NetApp, Inc., a Delaware corporation, (the “Issuer”) on the Trade Date specified below (the
“Transaction”). This confirmation, together with the related Trade Notification (defined below), constitutes a “Confirmation” as referred to in the ISDA Master Agreement specified below. 

The additional terms of any particular Transaction shall be set forth in a Trade Notification in the form of Schedule II hereto (a “Trade
Notification”), which shall reference the Confirmation and supplement, form a part of, and be subject to such Confirmation. The definitions and provisions contained in the 2002 ISDA Equity Derivatives Definitions (as published by the
International Swaps and Derivatives Association, Inc. (“ISDA”)) (the “Equity Definitions”) are incorporated into this Confirmation. If, in relation to any Transaction to which this Confirmation and a Trade Notification relate,
there is any inconsistency between the Agreement, this Confirmation, any Trade Notification and the Equity Definitions, the following will prevail for purposes of such Transaction in the order of precedence indicated: (i) such Trade
Notification, (ii) this Confirmation; (iii) the Agreement; and (iv) the Equity Definitions. Any reference to a currency shall have the meaning contained in Annex A to the 1998 ISDA FX and Currency Option Definitions, as published by
ISDA. 
 1. This Confirmation evidences a complete and binding agreement between Seller and Issuer as to the terms of the Transaction to which
this Confirmation relates. This Confirmation shall be subject to an agreement (the “Agreement”) in the form of the 2002 ISDA Master Agreement (the “ISDA Form”) as if Seller and Issuer had executed an agreement in such form
without any Schedule except for (i) the designation of the General Guarantee Agreement of The Goldman Sachs Group, Inc. (“GS Group”) dated January 30, 2006 in favor of each person to whom GS&Co. may owe any Obligations (as
defined in the General Guarantee Agreement) and filed as Exhibit 10.45 to GS Group’s Annual Report on Form 10-K for the fiscal year ended November 25, 2005 and any successor guarantee by GS Group in favor of each person to whom GS&Co.
may owe any Obligations (as defined in the General Guarantee Agreement) as a Credit Support 

  
 1 

 Execution Version 

 

 
Document under the Agreement and (ii) the designation of GS Group as a Credit Support Provider in relation to GS&Co. under the Agreement). For the avoidance of doubt, the Transaction
shall be the only transaction under the Agreement. If there exists any ISDA Master Agreement between Seller and the Issuer or any confirmation or other agreement between Seller and the Issuer pursuant to which an ISDA Master Agreement is deemed to
exist between Seller and the Issuer, then notwithstanding anything to the contrary in such ISDA Master Agreement, such confirmation or agreement or any other agreement to which Seller and the Issuer are parties, the Transactions shall not be
considered Transactions under, or otherwise governed by, such existing or deemed ISDA Master Agreement. 
 2. The terms of the particular
Transaction to which this Confirmation and any related Trade Notification relates are as follows: 
 GENERAL TERMS: 

 

	 Trade Date: 
	June 5, 2013 

  

	 Buyer: 
	Issuer 

  

	 Seller: 
	Goldman, Sachs & Co. 

  

	 Shares: 
	Common Stock of Issuer (Ticker: NTAP) 

  

	 Number of Shares: 
	The number of Shares delivered in accordance with Physical Settlement below. 

  

	 Forward Price: 
	A price per Share (as determined by the Calculation Agent) equal to the Mean of the 10b-18 VWAPs; provided, however, that if the Forward Price would otherwise be: (A) greater
than the Forward Cap Price, the Forward Price shall equal the Forward Cap Price (as specified in Schedule I), or (B) less than the Forward Floor Price, the Forward Price shall equal the Forward Floor Price (as specified in Schedule I).

  

	 10b-18 VWAP: 
	For each Observation Date that is a Trading Day during the Calculation Period or the Initial Hedge Period, a price per share equal to the price shown on the screen entitled “NTAP
<Equity> AQR SEC” or any successor page as reported by Bloomberg L.P. or, if such page is unavailable or manifestly incorrect, a price per share determined by the Calculation Agent in a good faith and commercially reasonable manner and in
accordance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). 

  

	 Mean of 10b-18 VWAPs: 
	 The arithmetic mean of the 10b-18 VWAP on each Observation Date that is a Trading Day 

  
 2 

 Execution Version 

 

	 	 
during the Calculation Period. 

  

	 Calculation Period: 
	The period from and including the first Observation Date that is a Trading Day that occurs after the Initial Hedge Completion Date to but excluding the relevant Valuation Date; provided,
however, that if the Valuation Date is the Scheduled Valuation Date, then the Valuation Date shall be included in the Calculation Period. 

  

	 Trading Day: 
	Any Exchange Business Day that is not a Disrupted Day (as defined below). 

  

	 Initial Hedge Period: 
	The period from and including the Trade Date to and including the Initial Hedge Completion Date. 

  

	 Initial Hedge Completion Date: 
	As set forth in the related Trade Notification, to be the Observation Date on which Seller completes its initial hedge, as determined by Seller in its good faith and commercially reasonable
discretion and communicated to the Buyer by 6:00p.m. EST on such date, but in no event later than the Initial Hedge End Date. 

  

	 Initial Hedge End Date: 
	Six Trading Days after the beginning of the Initial Hedge Period, subject to postponement as provided under Market Disruption Event below. 

 

	 Initial Hedge Period Reference Price: 
	As set forth in the related Trade Notification, to be an amount in USD equal to the arithmetic mean (not a weighted average) of the 10b-18 VWAP on each Observation Date that is a Trading Day
from, and including, the first Observation Date that is a Trading Day immediately following the Trade Date to, and including, the Initial Hedge Completion Date. 

 

	 Initial Shares: 
	A number of Shares equal to (i) the Prepayment Amount (as defined below) divided by (ii) the Forward Cap Price. 

 

	 Initial Share Delivery Date: 
	One Exchange Business Day following the Initial Hedge Completion Date. On the Initial Share Delivery Date, Seller shall deliver a number of shares equal to the Initial Shares to Buyer in
accordance with Section 9.4 of the Equity Definitions, with the Initial Share Delivery Date deemed to be a “Settlement Date” for purposes of such Section 9.4. 

  
 3 

 Execution Version 

 

	 Prepayment: 
	Applicable 

  

	 Prepayment Amount: 
	As specified in Schedule I; Seller and Issuer hereby agree that, notwithstanding anything to the contrary herein or in the Agreement, in the event that (a) an Early Termination Date
(whether as a result of an Event of Default or a Termination Event) occurs or is designated with respect to any Transaction and, as a result, Issuer owes to Seller an amount calculated under Section 6(d) and 6(e) of the Agreement (calculated as
if the Transactions being terminated on such Early Termination Date were the sole Transactions under the Agreement) or (b) Issuer owes to Seller, pursuant to Sections 12.2, 12.3, 12.6, 12.7, or 12.9 of the Equity Definitions, an amount
calculated under Section 12.8 of the Equity Definitions, such amount shall be deemed to be zero. 

  

	 Prepayment Date: 
	The Trade Date. On the Prepayment Date, Buyer shall pay to Seller the Prepayment Amount. 

  

	 Exchange: 
	NASDAQ GS 

  

	 Related Exchange: 
	The primary U.S. exchange on which options or futures on the relevant Shares are traded. 

  

	 Market Disruption Event: 
	The definition of “Market Disruption Event” in Section 6.3(a) of the Equity Definitions is hereby amended by replacing the words “at any time during the one-hour period that
ends at the relevant Valuation Time” in the third line thereof with the words “at any time on any Observation Date during the Calculation Period or Initial Hedge Period or” after the word “material”.

  

	 	 Notwithstanding anything to the contrary in the Equity Definitions, if any Observation Date in the Calculation Period or the Initial Hedge Period is a Disrupted
Day, the Calculation Agent shall have the option in its reasonable discretion either (i) to determine the weighting of each Rule 10b-18 eligible transaction in the Shares on the relevant Disrupted Day using its commercially reasonable judgment
for purposes of calculating the Forward Price, as applicable, (ii) to elect to extend the Calculation Period or the Initial Hedge Period by a number of Observation Dates equal to the number of Disrupted Days during the Calculation Period or

  
 4 

 Execution Version 

 

	 	 
the Initial Hedge Period; provided that the Calculation Period shall not be extended to a date later than the Final Share Delivery Date or (iii) to suspend the Calculation Period or
the Initial Hedge Period, as appropriate, until the circumstances giving rise to such suspension have ceased; provided that the Calculation Period shall not be extended to a date later than the Final Share Delivery Date, in any case, by
delivering notice in writing to Issuer of (x) the circumstances giving rise to such Disrupted Day and (y) any such weighting, extension or suspension as soon as reasonably practicable after the occurrence of such Disrupted Day and, with
respect to a Disrupted Day arising with respect to any Requirements (as defined in Section 10), shall subsequently notify Issuer on the day Seller believes that the circumstances giving rise to such Disrupted Day have changed. For the avoidance
of doubt, if Calculation Agent elects the option described in clause (i) above, then such Disrupted Day shall be deemed to be a Trading Day for purposes of calculating the Forward Price or the Initial Hedge Period Reference Price, as the case
may be. 

 VALUATION: 
  

	 Valuation Time: 
	The Scheduled Closing Time on the relevant Exchange. 

  

	 Valuation Date: 
	 The earlier of (i) the Scheduled Valuation Date (as specified in Schedule I) and (ii) any date after the First Acceleration Date (as specified in Schedule I) specified by Seller to
Issuer by 9:00pm EST on such date as a Valuation Date, in each case, subject to extension in accordance with “Market Disruption Event” above or Section 9 or Section 10 below; provided, however, that in no event
shall the Scheduled Valuation Date be extended to a date later than the Final Share Delivery Date; provided further, that if a Valuation Date occurs pursuant to clause (ii) above, then (A) the Calculation Period for this
Transaction shall be deemed to end as of the Trading Day immediately preceding the relevant Valuation Date and (B) Seller shall specify a Valuation Date with 

  
 5 

 Execution Version 

 

	 	 
respect to the entire Transaction (such Valuation Date for the full Prepayment Amount, the “Acceleration Date”). 

 

	 	On a Valuation Date, Calculation Agent shall calculate the Settlement Amount. 

 

	 Final Share Delivery Date: 
	As specified in Schedule I; provided that such date shall be extended by one Trading Day for each Trading Day during a Regulation M Event. 

SETTLEMENT TERMS: 
  

	 Physical Settlement: 
	Applicable. 

  

	 	On the Settlement Date, Seller shall deliver to Buyer a number of Shares equal to (a) (i) the Prepayment Amount divided by (ii) the Forward Price as
determined on the Valuation Date, minus (b) the Initial Shares, rounded to the nearest whole number of Shares (such number of Shares, the “Settlement Amount”); provided that the number of Shares to be delivered under Physical
Settlement shall not be less than the Minimum Shares and not greater than the Maximum Shares. 

  

	 Settlement Currency: 
	USD 

  

	 Settlement Date: 
	The first Clearance System Business Day immediately following the Valuation Date, or if such date is not a Clearance System Business Day or if there is a Settlement Disruption Event on such day,
the immediately succeeding Clearance System Business Day on which there is no Settlement Disruption Event. 

  

	 Minimum Shares: 
	To be determined as specified in Schedule I, the final number for which shall be specified to the Issuer in the Trade Notification. 

 

	 Maximum Shares: 
	To be determined as specified in Schedule I, the final number for which shall be specified to the Issuer in the Trade Notification. 

SHARE ADJUSTMENTS: 
  

	 Potential Adjustment Event: 
	 Notwithstanding anything to the contrary in Section 11.2(e) of the Equity Definitions, an Extraordinary Dividend shall not constitute a Potential Adjustment Event. The parties agree

  
 6 

 Execution Version 

 

	 	 
that any open market Share repurchases by the Issuer at prevailing prices, repurchases of Shares by the Issuer pursuant to the Issuer’s stock repurchase plans or Compensatory Plans (as
defined below) or accelerated share repurchases, including any Transactions, forward contracts or similar transactions on customary terms (including, without limitation, any discount to average VWAP prices), shall not be considered Potential
Adjustment Events. 

  

	 Extraordinary Dividend: 
	Any dividend or distribution on the Shares with an ex-dividend date occurring during the period from and including the Trade Date to and including the Valuation Date (other than any dividend or
distribution of the type described in Section 11.2(e)(i) or Section 11.2(e)(ii)(A) or (B) of the Equity Definitions) (a “Dividend”) that is either (i) a non-regularly scheduled Dividend or (ii) the amount or value
of which (as determined by the Calculation Agent) exceeds the Ordinary Dividend Amount. 

  

	 Ordinary Dividend Amount: 
	For any calendar quarter, USD $00.15 

  

	 Method of Adjustment: 
	Calculation Agent Adjustment; provided that if Seller suspends trading in the Shares for all or any portion of a Trading Day within the Calculation Period, the suspension shall be treated
as a Potential Adjustment Event subject to Calculation Agent Adjustment. In the case of a suspension pursuant to Section 10, the Calculation Agent shall make such adjustments prior to the period of suspension, if it is practical to do so.
Otherwise, and in all cases of a suspension as contemplated under “Market Disruption Event” above, the Calculation Agent shall, in a reasonable fashion, make such adjustments promptly following the period of suspension.

 EXTRAORDINARY EVENTS: 
 Consequences of Merger Events: 
  

	 Share-for-Share: 
	Modified Calculation Agent Adjustment 

  

	 Share-for-Other: 
	Cancellation and Payment on that portion of the Other Consideration that consists of cash; Modified Calculation Agent Adjustment on the remainder of the Other Consideration

  
 7 

 Execution Version 

 

	 Share-for-Combined: 
	Modified Calculation Agent Adjustment 

  

	 Tender Offer: 
	Applicable; provided that 12.1(d) of the Equity Definitions shall be amended by replacing the “10%” in the third line thereof with “20%.” 

Consequences of Tender Offers: 
  

	 Share-for-Share: 
	Modified Calculation Agent Adjustment 

  

	 Share-for-Other: 
	Modified Calculation Agent Adjustment 

  

	 Share-for-Combined: 
	Modified Calculation Agent Adjustment 

 For purposes of this Transaction,
the definition of Merger Date in Section 12.1(c) shall be amended to read, “Merger Date shall mean the Announcement Date.” For purposes of this Transaction, the definition of Tender Offer Date in Section 12.1(e) shall be amended
to read, “Tender Offer Date shall mean the Announcement Date.” For purposes of the Transaction, the definition of Announcement Date in Section 12.1(l) shall be amended by replacing the words “that leads” with the words
“that, if consummated, would lead” in both clause (i) and clause (ii) thereof. 
  

	 Composition of Combined Consideration: 
	Applicable 

  

	 Nationalization, Insolvency or Delisting: 
	Cancellation and Payment (Calculation Agent Determination) 

 Additional Disruption Events: 
  

	 Change in Law: 
	 Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended by (i) replacing the phrase “the interpretation” in the third line
thereof with the phrase “, or public announcement of, the formal or informal interpretation” and (ii) by immediately following the word “Transaction” in clause (X) thereof, adding the phrase “in the manner
contemplated by the Hedging Party on the Trade Date”; provided further that the parties agree that, for the avoidance of doubt, for purposes of Section 12.9(a)(ii) of the Equity Definitions, “any applicable law or
regulation” shall include the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, any rules and regulations promulgated thereunder and any similar law or regulation (such rules and regulations referred to herein as
“Dodd-Frank”) without regard to Section 739 of Dodd-Frank or any similar legal certainty provision in any legislation enacted, or rule or regulation 

  
 8 

 Execution Version 

 

	 	 
promulgated and the consequences specified in Section 12.9(b)(i) of the Equity Definitions shall apply to any Change in Law arising from any such act, rule or regulation.

  

	 Failure to Deliver: 
	Applicable 

  

	 Insolvency Filing: 
	Applicable 

  

	 Hedging Disruption: 
	Applicable 

  

	 Increased Cost of Hedging: 
	Not Applicable 

  

	 Loss of Stock Borrow: 
	Applicable 

  

	 Maximum Stock Loan Rate: 
	200 bps 

  

	 Increased Cost of Stock Borrow: 
	Applicable 

  

	 Initial Stock Loan Rate: 
	50 bps 

  

	 Determining Party: 
	For all Extraordinary Events other than Change in Law arising out of Dodd-Frank, Seller; with respect to a Change in Law arising out of Dodd-Frank, either the Issuer or Seller may be the
Determining Party; provided that, upon receipt of written request from Issuer, Determining Party if Seller shall promptly (but in no event later than within seven Scheduled Trading Days from the receipt of such request) provide the other
party with a written explanation describing in reasonable detail any determination made by it (including any quotations, market data or information from internal sources used in making such determinations, but without disclosing the Seller’s
proprietary models). 

  

	 Hedging Party: 
	For all Additional Disruption Events, Seller 

  

	 Non-Reliance: 
	Applicable 

 AGREEMENTS AND ACKNOWLEDGMENTS: 

 

	 Regarding Hedging Activities: 
	Applicable 

  

	 Additional Acknowledgments: 
	Applicable 

  

	 3. 
	Calculation Agent: Seller; provided that upon receipt of written request from Issuer, Calculation Agent shall promptly (but in no event later than within seven Scheduled Trading

  
 9 

 Execution Version 

 

	 	 
Days from the receipt of such request) provide Issuer with a written explanation describing in reasonable detail any determination made by it (including any quotations, market data or information
from internal sources used in making such calculations, adjustments or determinations, but without disclosing Seller’s proprietary models). All determinations made by the Calculation Agent shall be made in good faith and in a commercially
reasonable manner. 

  

	4.	Account Details: 

Goldman Sachs 
 ABA: 
 BANK NAME: JP MORGAN CHASE 

CITY: NEW YORK 

A/C #: 
 ENTITY
NAME: GOLDMAN SACHS & CO., NEW YORK 
 5. (a) Nationalization, Insolvency or Delisting. The words “the Transaction will be
cancelled,” in the first line of Section 12.6(c)(ii) are replaced with the words “Seller will have the right to cancel this Transaction,”. 
 (b) Additional Termination Event. The declaration of any Extraordinary Dividend by Issuer during the period from and including the Trade Date to but excluding the final Valuation Date shall constitute an
Additional Termination Event with this Transaction as the only “Affected Transaction” and Issuer as the sole “Affected Party”. 
 (c) For the avoidance of doubt, this Transaction shall be deemed to be a “Share Forward Transaction” for purposes of the Equity Definitions; provided, however, that in
Section 9.2(a)(iii) of the Equity Definitions the words “the Excess Dividend Amount, if any, and” shall be deleted. 
 6. Certain
Payments and Deliveries by Seller. Notwithstanding anything to the contrary herein, or in the Equity Definitions, if at any time (i) an Early Termination Date occurs and Seller would be required to make a payment pursuant to Sections 6(d) and
6(e) of the Agreement, (ii) a Tender Offer occurs and Seller would be required to make a payment pursuant to Sections 12.3 and 12.7 of the Equity Definitions, (iii) a Merger Event occurs and Seller would be required to make a payment
pursuant to Sections 12.2 and 12.7 of the Equity Definitions (iv) an Additional Disruption Event occurs and Seller would be required to make a payment pursuant to Sections 12.8 and 12.9 of the Equity Definitions or (v) a Nationalization,
Insolvency or Delisting occurs and Seller would be required to make a payment pursuant to Sections 12.6 and 12.7 of the Equity Definitions, then Issuer shall have the option to require Seller to make such payment in cash or to settle such payment
amount in Shares (or, in the case of a Merger Event, a number of units, each comprising the number or amount of the securities or property that a hypothetical holder of one Share would receive in such Merger Event (each such unit, an
“Alternative Delivery Unit” and, the securities or property comprising such unit, “Alternative Delivery Property”)) (any such payment described in Sections 6(i), (ii), (iii), (iv) or (v) above, an “Seller Payment
Amount”). If Issuer elects for Seller to settle an Seller Payment Amount in Shares or Alternative Delivery Property, then on the date such Seller Payment Amount is due, a Settlement Balance shall be 

  
 10 

 Execution Version 

 

 
established with an initial balance equal to the Seller Payment Amount. On such date, Seller shall commence purchasing Shares or Alternative Delivery Property for delivery to Issuer. At the end
of each Trading Day on which Seller purchases Shares or Alternative Delivery Property pursuant to this Section 6, Seller shall reduce the Settlement Balance by the amount, determined in a good faith and commercially reasonable manner, paid by
Seller to purchase the Shares or Alternative Delivery Property purchased on such Trading Day. Seller shall deliver any Shares or Alternative Delivery Property purchased on a Trading Day to Issuer on the third Exchange Business Day following the
relevant Trading Day. Seller shall continue purchasing Shares or Alternative Delivery Property until the Settlement Balance has been reduced to zero. 
  

	7.	Reserved. 

  

	8.	Reserved. 

  

	9.	Special Provisions for Merger Events. Notwithstanding anything to the contrary herein or in the Equity Definitions, to the extent that an Announcement Date for a
potential Merger Transaction occurs during the term of this Transaction and such Announcement Date does not cause this Transaction to terminate in whole under the provisions of “Extraordinary Event” in paragraph 2 above:

 (a) As soon as practicable following the public announcement of such potential Merger Transaction, Issuer shall
provide Seller with written notice of such announcement; 
 (b) Promptly after request from Seller, Issuer shall provide Seller
with written notice specifying (i) Issuer’s average daily Rule 10b-18 Purchases (as defined in Rule 10b-18) during the three full calendar months immediately preceding the Announcement Date that were not effected through Seller or its
affiliates and (ii) the number of Shares purchased pursuant to the block purchase proviso in Rule 10b-18(b)(4) under the Exchange Act for the three full calendar months preceding the Announcement Date. Such written notice shall be deemed to be
a certification by Issuer to Seller that such information is true and correct in all material respects. Issuer understands that Seller will use this information in calculating the trading volume for purposes of Rule 10b-18; and 

(c) Seller in its reasonable discretion may extend the Calculation Period to account for any reduction in the number of Shares that could
be purchased on each day during the Calculation Period in compliance with Rule 10b-18 following the Announcement Date. 

“Merger Transaction” means any merger, acquisition or similar transaction involving a recapitalization of Issuer as
contemplated by Rule 10b-18(a)(13)(iv) under the Exchange Act. 
 10. Seller Adjustments. In the event that Seller reasonably determines that it
is appropriate with regard to any legal, regulatory or self-regulatory requirements or related policies and procedures (whether or not such requirements, policies or procedures are imposed by law or have been voluntarily adopted by Seller, and
including, without limitation, Rule 10b-18, Rule 10b-5, Regulation 13D-G and Regulation 14E, “Requirements”), for Seller to refrain from purchasing Shares or to purchase fewer than the number of Shares Seller would otherwise purchase on
any Trading Day during the duration of this Transaction, then Seller may, in its reasonable discretion, elect that the Initial Hedge Period or the Calculation Period, as the case may be, be suspended and, if appropriate, extended with regard to any
Requirements; provided that in no event shall the Initial Hedge Period or Calculation Period be extended to a date later than the Final Share Delivery Date. Seller shall notify the Issuer upon the exercise of Seller’s rights pursuant to
this 

  
 11 

 Execution Version 

 

 
Section 10 and shall subsequently notify the Issuer on the day Seller believes that the circumstances giving rise to such exercise have changed. If the Initial Hedge Period or the
Calculation Period is suspended pursuant to this Section 10, at the end of such suspension Seller shall determine the number of Trading Days remaining in the Calculation Period, as appropriate, and the terms of this Transaction shall be
adjusted as set forth above under “Method of Adjustment.” 
  

	11.	Covenants. 

 (a) The Buyer
covenants and agrees: 
 (i) that during the term of this Agreement, neither it nor any of its “affiliated
purchasers” (as such term is defined in Rule 10b-18 under the Exchange Act (“Rule 10b-18”) shall directly or indirectly (which shall be deemed to include the writing or purchase of any cash-settled derivative instrument) purchase
Shares (or any security convertible into or exchangeable for Shares) without the prior written approval of Seller or take any other action that would cause the purchase by Seller of any Shares in connection with this Agreement not to comply with
Rule 10b-18 under the Exchange Act (assuming for the purposes of this paragraph that such Rule were otherwise applicable to such purchases), except through Seller or except in the event that after the Initial Hedge Completion Date, the Issuer may
purchase a number of Shares in the open market on such Exchange Business Day up to 4% of the ADTV (as defined in Rule 10b-18) available on such Exchange Business Day, through Seller pursuant to customary open market repurchase documentation
reasonably acceptable to both parties in compliance with the provisions of Rule 10b-18 and other applicable laws, rules, and regulations.” 
 (ii) that it shall report the Transaction to the extent required under the Exchange Act and the rules and regulations thereunder; 

(iii) that as of the Trade Date, the Issuer is in compliance with its reporting obligations under the Exchange Act;

 (iv) that it is not relying, and has not relied, upon Seller or any of its representatives or advisors with
respect to the legal, accounting, tax or other implications of this Agreement and that it has conducted its own analyses of the legal, accounting, tax and other implications of this Agreement, and that Seller and its affiliates may from time to time
effect transactions for their own account or the account of customers and hold positions in securities or options on securities of the Buyer and that Seller and its affiliates may continue to conduct such transactions during the term of this
Agreement; and 
 (v) that the Shares are not, and Issuer will not cause the Shares to be, subject to a
“restricted period” (as defined in Regulation M promulgated under the Exchange Act) at any time during the Regulation M Period (as defined below) unless Issuer has provided written notice to Seller of such restricted period not later than
the Scheduled Trading Day immediately preceding the first day of such “restricted period” (such event, a “Regulation M Event”); Issuer acknowledges that any such notice may cause an adjustment event to occur pursuant to
Section 10; accordingly, Issuer acknowledges that its delivery of such notice must comply with the standards set forth in Section 20; provided, however, that Issuer may only declare up to 3

  
 12 

 Execution Version 

 

 
Regulation M Events during the Regulation M Period. “Regulation M Period” means, the period commencing on the first day of the Initial Hedge Period and ending on the earliest of
(i) the Scheduled Valuation Date, (ii) the third Exchange Business Day immediately following the last day of the Calculation Period, or such earlier day as elected by Seller and notified to Issuer (or, if later, the First Acceleration
Date), and (iii) in the event Section 6 applies to a Transaction, and Issuer elects to require Seller to deliver Shares or Alternative Delivery Property pursuant to such Section 6, the date reasonably determined by the Calculation
Agent and notified to Issuer; 
 provided that this Section 11(a) shall not (i) limit the Buyer’s ability,
pursuant to its employee incentive plan or dividend reinvestment program, to re-acquire Shares in connection with the related equity transactions, (ii) limit Buyer’s ability to withhold shares to cover tax liabilities associated with such
equity transactions or (iii) limit Buyer’s ability to grant stock and options to “affiliated purchasers” (as defined in Rule 10b-18) or the ability of such affiliated purchasers to acquire such stock or options, in connection
with the Buyer’s compensation policies for directors, officers and employees or any agreements with respect to the compensation of directors, officers or employees of any entities that are acquisition targets of Issuer, and in connection with
any such purchase Buyer will be deemed to represent to Seller that such purchase does not constitute a “Rule 10b-18 Purchase” (as defined in Rule 10b-18) (any such incentive or compensatory plan, program or policy of Issuer, a
“Compensatory Plan”). 
 (b) During the Initial Hedge Period, Seller will use commercially reasonable efforts to
purchase Shares to establish its initial hedge position in compliance with the limitations set forth in clauses (b)(2), (b)(3), (b)(4) and (c) of Rule 10b-18 under the Exchange Act, as if such rule could be applied to such purchases.

  

	12.	Representations, Warranties and Acknowledgments. 

 (a) The Buyer hereby represents and warrants to Seller that: 
 (i)
as of the date hereof, the Buyer (A) is not in possession of any material, non-public information with respect to the Buyer or any of its securities, and is entering into this Agreement in good faith and not as part of a plan or scheme to evade
the prohibitions of Rule 10b5-1 of the Exchange Act and (B) agrees not to alter or deviate from the terms of this Agreement or enter into or alter a corresponding or hedging transaction or position with respect to the Shares (including, without
limitation, with respect to any securities convertible or exchangeable into the Shares) during the term of this Agreement; 
 (ii) the transactions contemplated by this Confirmation have been authorized under Buyer’s publicly announced program to repurchase Shares; 

(iii) the Buyer is not entering into this Agreement to facilitate a distribution of the Shares (or any security
convertible into or exchangeable for Shares) or in connection with a future issuance of securities except pursuant to the Buyer’s employee benefit plans and dividend reinvestment plan or other publicly disclosed transaction; 

(iv) the Buyer is not entering into this Agreement to create actual or apparent trading activity in the Shares (or any
security convertible into or 

  
 13 

 Execution Version 

 

 
exchangeable for Shares) or to manipulate the price of the Shares (or any security convertible into or exchangeable for Shares); and 

(v) the Buyer is as of the date hereof, and after giving effect to the transactions contemplated hereby will be, Solvent.
As used in this paragraph, the term “Solvent” means, with respect to a particular date, that on such date (A) the present fair market value (or present fair saleable value) of the assets of the Buyer is not less than the total amount
required to pay the liabilities of the Buyer on its total existing debts and liabilities (including contingent liabilities) as they become absolute and matured, (B) the Buyer is able to realize upon its assets and pay its debts and other
liabilities, contingent obligations and commitments as they mature and become due in the normal course of business, (C) assuming consummation of the transactions as contemplated by this Agreement, the Buyer is not incurring debts or liabilities
beyond its ability to pay as such debts and liabilities mature, (D) the Buyer is not engaged in any business or transaction, and does not propose to engage in any business or transaction, for which its property would constitute unreasonably
small capital after giving due consideration to the prevailing practice in the industry in which the Buyer is engaged and (E) the Buyer is not a defendant in any civil action that could reasonably be expected to result in a judgment that Buyer
is or would become unable to satisfy. 
 (b) Seller and the Buyer each hereby acknowledges that any transactions by Seller in the Shares will be
undertaken by Seller, as the case may be, as principal for its own account. All of the actions to be taken by Seller in connection with this Agreement, shall be taken by Seller independently and without any advance or subsequent consultation with
the Buyer. 
 (c) Buyer (i) is an “institutional account” as defined in FINRA Rule 4512(c); (ii) is capable of evaluating
investment risks independently, both in general and with regard to all transactions and investment strategies involving a security or securities, and will exercise independent judgment in evaluating the recommendations of Seller or its associated
persons, unless it has otherwise notified Seller in writing; and (iii) will notify Seller if any of the statements contained in clause (i) or (ii) of this Section 12(c) ceases to be true. 

13. Acknowledgements of Buyer Regarding Hedging and Market Activity. Buyer acknowledges that: 

 

	 	(a)	during the period from (and including) the Trade Date to (and including) the Settlement Date, Seller and its affiliates may buy or sell Shares or other securities or
buy or sell options or futures contracts or enter into swaps or other derivative securities in order to adjust its hedge position with respect to the transactions contemplated by this Transaction; 

 

	 	(b)	Seller and its affiliates also may be active in the market for the Shares other than in connection with hedging activities in relation to the transactions contemplated
by this Transaction; 

  

	 	(c)	Seller shall make its own determination as to whether, when and in what manner any hedging or market activities in the Issuer’s securities shall be conducted and
shall do so in a manner that it deems appropriate to hedge its price and market risk with respect to 10b-18 VWAP; and 

  
 14 

 Execution Version 

 

	 	(d)	any market activities of Seller and its affiliates with respect to the Shares may affect the market price and volatility of the Shares, as well as the 10b-18 VWAP, each
in a manner that may be adverse to Buyer. 

 14. In the event that Seller becomes involved in any capacity in any
action, proceeding or investigation brought by or against any person in connection with any matter referred to in this Agreement, to the extent that such action, proceeding or investigation results from the breach by the Buyer of any of its
representations, warranties or covenants hereunder, the Buyer will reimburse Seller for its reasonable legal and other expenses (including the cost of any investigation and preparation) incurred in connection therewith. The Buyer also will indemnify
and hold Seller harmless against any losses, claims, damages or liabilities to which it may become subject in connection with any matter referred to in this Agreement, to the extent any such loss, claim, damage or liability results from the breach
by the Buyer of any of its representations, warranties or covenants hereunder, except to the extent that any such loss, claim, damage or liability results from the gross negligence or bad faith of Seller in effecting the transactions which are the
subject of this Agreement; provided, however, that if it is determined by a court of competent jurisdiction in a final judgment that Seller is not entitled to be indemnified hereunder in connection with such matter, then Seller
shall reimburse the Buyer for any expenses paid pursuant to the first sentence of this Section 14. If for any reason the foregoing indemnification is unavailable to Seller or insufficient to hold it harmless, then the Buyer shall contribute to
the amount paid or payable by Seller as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect the relative fault of the Buyer on one hand and Seller on the other hand with respect to such loss, claim,
damage, or liability and any other relevant equitable considerations. The reimbursement, indemnity and contribution obligations of the Buyer under this Section 14 shall be in addition to any liability which the Buyer may otherwise have, shall
extend upon the same terms and conditions to any affiliate of Seller and the partners, directors, officers, agents, employees and controlling persons (if any), as the case may be, of Seller and any such affiliate and shall be binding upon and inure
to the benefit of any successors, assigns, heirs and personal representatives of the Buyer, Seller, any such affiliate and any such person. The Buyer also agrees that neither Seller nor any of such affiliates, partners, directors, officers, agents,
employees or controlling persons shall have any liability to the Buyer for or in connection with any matter referred to in this Agreement except to the extent that any losses, claims, damages, liabilities or expenses incurred by the Buyer result
from the gross negligence or bad faith of Seller in effecting the transactions that are the subject of this Agreement. The foregoing provisions shall survive any termination or completion of this Agreement. For the purposes of this Section 14,
the term “Seller” shall include Seller and its affiliates. The foregoing reimbursement, indemnity and contribution obligations of the Buyer shall be paid promptly in cash. 
 15. The parties hereto agree and acknowledge that Seller is a “financial participant” within the meaning of Section 101(22A) of Title 11 of the United States Code (the “Bankruptcy
Code”). The parties hereto further agree and acknowledge that the Transaction is (i) a “securities contract” as such term is defined in Section 741(7) of the Bankruptcy Code, in which case each payment and delivery made
pursuant to the Transaction is a “termination value,” “payment amount” or “other transfer obligation” within the meaning of Section 362 of the Bankruptcy Code and a “settlement payment,” within the
meaning of Section 546 of the Bankruptcy Code and a “transfer,” as such term is defined in Section 101(54) of the Bankruptcy Code and (ii) a “swap agreement,” as such term is defined in Section 101(53B) of the
Bankruptcy Code, with respect to which each payment and delivery hereunder or in connection herewith is a “termination value,” “payment amount” or “other transfer obligation” within the meaning of Section 362 of
the 

  
 15 

 Execution Version 

 

 
Bankruptcy Code, and a “transfer,” as such term is defined in Section 101(54) of the Bankruptcy Code, and that Seller is entitled to the protections afforded by, among other
sections, Sections 362(b)(6), 362(b)(17), 362(o), 546(e), 546(g), 548(d)(2), 555, 560 and 561 of 546(g) and 560 of the Bankruptcy Code. 
 16.
Seller and Issuer hereby agree and acknowledge that Seller has authorized the Issuer and each of its employees, representatives and other agents to disclose this Transaction, including the tax treatment and tax structure thereof and all materials
relating thereto, to any and all persons, and there are no express or implied agreements, arrangements or understandings to the contrary, and authorizes the Issuer to use any information that the Issuer receives or has received with respect to this
Transaction in any manner. 
  

	17.	Treatment in Bankruptcy; No Setoff; No Collateral. 

 (a) In the event the Buyer becomes the subject of proceedings (“Bankruptcy Proceedings”) under the U.S. Bankruptcy Code or any other applicable bankruptcy or insolvency statute from time to time
in effect, any rights or claims of Seller hereunder in respect of this transaction shall rank for all purposes no higher than, but on a parity with, the rights or claims of holders of Shares, and Seller hereby agrees that its rights and claims
hereunder shall be subordinated to those of all parties with claims or rights against the Buyer (other than common stockholders) to the extent necessary to assure such ranking. Without limiting the generality of the foregoing, after the commencement
of Bankruptcy Proceedings, the claims of Seller hereunder shall for all purposes have rights equivalent to the rights of a holder of a percentage of the Shares equal to the aggregate amount of such claims (the “Claim Amount”) taken as a
percentage of the sum of (i) the Claim Amount and (ii) the aggregate fair market value of all outstanding Shares on the record date for distributions made to the holders of such Shares in the related Bankruptcy Proceedings. Notwithstanding
any right it might otherwise have to assert a higher priority claim in any such Bankruptcy Proceedings, Seller shall be entitled to receive a distribution solely to the extent and only in the form that a holder of such percentage of the Shares would
be entitled to receive in such Bankruptcy Proceedings, and, from and after the commencement of such Bankruptcy Proceedings, Seller expressly waives (i) any other rights or distributions to which it might otherwise be entitled in such Bankruptcy
Proceedings in respect of its rights and claims hereunder and (ii) any rights of setoff it might otherwise be entitled to assert in respect of such rights and claims. Section 6(f) of the Agreement is hereby deleted. 

(b) Notwithstanding any provision of this Agreement or any other agreement between the parties to the contrary, neither the obligations
of the Buyer nor the obligations of Seller hereunder are secured by any collateral, security interest, pledge or lien. 
  

	18.	Reserved. 

  

	19.	Account Details: 

  

							
		 	Account for Payments to Seller:	  	To be provided separately by Seller	  	
				
		 	Account for Payments to Issuer:	  	To be provided by Issuer	  	

  

	20.	10b5-1 Plan. Issuer and Seller each represent, warrant and covenant that: 

 (a) The Issuer is entering into this Confirmation and each Transaction hereunder in good faith and not as part of a plan or scheme to evade the prohibitions of Rule 10b5-1 under the

  
 16 

 Execution Version 

 

 
Exchange Act (“Rule 10b5-1”) or any other antifraud or anti-manipulation provisions of the federal or applicable state securities laws and, with respect to Issuer, that it has not
entered into or altered and will not enter into or alter any corresponding or hedging transaction or position with respect to the Shares. The Issuer acknowledges that it is the intent of the parties that each Transaction entered into under this
Confirmation comply with the requirements of paragraphs (c)(1)(i)(A) and (B) of Rule 10b5-1 and each Transaction entered into under this Confirmation shall be interpreted to comply with the requirements of Rule 10b5-1(c). 

(b) Issuer will not seek to control or influence Seller’s decision to make any “purchases or sales” (within the meaning of
Rule 10b5-1(c)(1)(i)(B)(3)) under any Transaction entered into under this Confirmation, including, without limitation, Seller’s decision to enter into any hedging transactions. Issuer represents and warrants that it has consulted with its own
advisors as to the legal aspects of its adoption and implementation of this Confirmation and each Trade Notification under Rule 10b5-1. 
 (c) Each of Seller and Issuer acknowledges and agrees that any amendment, modification, waiver or termination of this Confirmation or Trade Notification must be effected in accordance with the
requirements for the amendment or termination of a “plan” as defined in Rule 10b5-1(c). Without limiting the generality of the foregoing, any such amendment, modification, waiver or termination shall be made in good faith and not as part
of a plan or scheme to evade the prohibitions of Rule 10b-5, and no such amendment, modification or waiver shall be made at any time at which Issuer or any officer, director, manager or similar person of Issuer is aware of any material non-public
information regarding Issuer or the Shares. 
  

	21.	Governing law: The laws of the State of New York. 

 EACH PARTY HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHTS TO TRIAL BY JURY WITH RESPECT TO ANY LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS CONFIRMATION OR ANY TRANSACTION CONTEMPLATED HEREBY.

  
 17 

 Execution Version 

 

 Please confirm that the foregoing correctly sets forth the terms of our agreement by executing this
Confirmation and returning it to us by facsimile to the number provided on the attached facsimile cover page. 
 Confirmed as of the date first
written above: 
  

							
	NetApp, Inc.	 	Goldman, Sachs & Co.
				
	By:	 	  /s/ Nicholas R. Noviello
	 	By:	 	  /s/ Daniel Kopper

		 	 Name: Nicholas R. Noviello

Title: Executive Vice President - Finance, CFO
	 		 	 Name: Daniel Kopper
 Title:
Vice President

  
 18 

 Execution Version 

 

 Schedule I 
 This Schedule I, dated June 5, 2013 may be amended and/or superseded from time to time by mutual agreement of both parties. For the purposes of this Transaction, the following terms shall have the
following values/meanings: 
  

	1.	The Forward Cap Price equals 105.4% of the Initial Hedge Period Reference Price. 

 

	2.	The Forward Floor Price equals 90% of the Initial Hedge Period Reference Price. 

 

	3.	The Minimum Shares equals the Prepayment Amount divided by the Forward Cap Price, as set forth in the related Trade Notification. 

 

	4.	The Maximum Shares equals the Prepayment Amount divided by the Forward Floor Price, as set forth in the related Trade Notification. 

 

	5.	The Prepayment Amount equals USD 750,000,000.00. 

  

	6.	 The Scheduled Valuation Date shall mean the 30th Observation Date following the Initial Hedge Completion Date. 

 

	7.	The Final Share Delivery Date shall be August 29, 2013. 

  

	8.	 The First Acceleration Date shall mean the 12th Observation Date following the Initial Hedge Completion Date; provided that under any circumstances where the
Calculation Period is extended, the First Acceleration Date shall be postponed by an equal number of Observation Dates. 

  

	9.	Observation Dates: Each Scheduled Trading Day after the Trade Date. 

  
 19 

 Execution Version 

 

 AGREED AND ACKNOWLEDGED (as of the date listed above) 

NetApp, Inc. 
  

	
	 /s/ Nicholas R. Noviello

	Name: Nicholas R. Noviello
	Title: Executive Vice President - Finance, CFO
	
	Goldman, Sachs & Co.
	
	 /s/ Daniel Kopper

	Name: Daniel Kopper
	Title: Vice President

  
 20 

 Execution Version 

 

 Schedule II 
 TRADE NOTIFICATION 
  

			
	To:	  	 NetApp, Inc.
 495 East Java
Drive
 Sunnyvale, California 94089

		
	From:	  	Goldman, Sachs & Co.
		
	Subject:	  	Collared Accelerated Share Repurchase Transaction
		
	Ref. No:	  	[Insert Reference No.]
		
	Date:	  	[Insert Date]

 The purpose of this Trade Notification is to notify you of certain terms in the Transaction entered into
between Goldman, Sachs & Co. (“Seller”) and NetApp, Inc. (“Issuer”) (together, the “Contracting Parties”) bearing the trade reference number set forth above. 

This Trade Notification supplements, forms part of, and is subject to the Confirmation dated as of June 5, 2013 (the
“Confirmation”) between the Contracting Parties, as amended and supplemented from time to time. 
  

					
	Initial Hedge Completion Date:	  	 	[        	] 
	Initial Hedge Period Reference Price:	  	 	USD 	[        ] 
	Minimum Shares:	  	 	[        	] 
	Maximum Shares:	  	 	[        	] 

  

			
	Yours sincerely,
	
	Goldman, Sachs & Co.
		
	By:	 	  

		 	Authorized Signatory

  
 21EX-4.1

 Exhibit 4.1 
 FIFTH AMENDED AND RESTATED  
 REGISTRATION RIGHTS AGREEMENT

 This FIFTH AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made as of
December 24, 2008, by and among POTBELLY CORPORATION, a Delaware corporation (the “Company”), and the holders of Registrable Securities listed on Exhibit A hereto. 

RECITALS 

WHEREAS, the Series A Preferred Stockholders are the holders of an aggregate of 4,197,377 shares of Series A Convertible Preferred
Stock, $0.01 par value per share, of the Company (the “Series A Preferred Stock”); 
 WHEREAS, the
Series B Preferred Stockholders are the holders of an aggregate of 3,290,294 shares of Series B Convertible Preferred Stock, $0.01 par value per share, of the Company (the “Series B Preferred Stock”); 

WHEREAS, the Series C Preferred Stockholders are the holders of an aggregate of 1,646,595 shares of Series C Convertible Preferred
Stock, $0.01 par value per share, of the Company (the “Series C Preferred Stock”); 
 WHEREAS, the
Series D Preferred Stockholders are the holders of an aggregate of 1,250,000 shares of Series D Convertible Preferred Stock, $0.01 par value per share, of the Company (the “Series D Preferred Stock”); 

WHEREAS, the Series E Preferred Stockholders are the holders of an aggregate of 4,194,366 shares of Series E Convertible Preferred
Stock, $0.01 par value per share, of the Company (the “Series E Preferred Stock”); 
 WHEREAS, pursuant
to the terms of that certain Series F Preferred Stock and Warrant Purchase Agreement (the “Series F Purchase Agreement”) dated as of the date hereof, the Series F Preferred Stockholders are acquiring an aggregate of up to 2,500,000
shares of Series F Convertible Preferred Stock, $0.01 par value per share, of the Company (the “Series F Preferred Stock”) and warrants to purchase an aggregate of up to 750,000 shares of Common Stock, at an exercise price of $0.01
per share (the “Series F Warrants”); 
 WHEREAS, the Company, the Series A Preferred Stockholders, the
Series B Preferred Stockholders, the Series C Preferred Stockholders, the Series D Preferred Stockholders and the Series E Preferred Stockholders are parties to an existing Registration Rights Agreement dated as of February 13, 2006, as amended
by that certain Amendment to Fourth Amended and Restated Registration Rights Agreement of the Company, dated September 28, 2007 (the “Existing Rights Agreement”); 

WHEREAS, the Series F Purchase Agreement is conditioned upon this Agreement being executed by the parties hereto, and is intended
to supersede in its entirety the Existing Rights Agreement; and 

 WHEREAS, as evidenced by their signatures to this Agreement, the Company, the Series
A Preferred Stockholders, the Series B Preferred Stockholders, the Series C Preferred Stockholders, the Series D Preferred Stockholders, and the Series E Preferred Stockholders desire to amend and restate the Existing Rights Agreement and to accept
the rights and restrictions hereof in lieu of the rights and restrictions provided under the Existing Rights Agreement. 

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements contained herein, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 1. Definitions. 
 1.1 Unless otherwise provided in this Agreement,
capitalized terms used herein shall have the following meanings: 
 “Agreement” has the meaning set forth in the
first paragraph above. 
 “Common Stock” means the Company’s common stock, $0.01 par value per share.

 “Company” has the meaning set forth in the first paragraph above. 

“Company’s IPO” has the meaning set forth in Section 2.1. 

“Demand Registrations” has the meaning set forth in Section 2.1. 

“Exchange Act” has the meaning set forth in Section 2.3. 

“Existing Rights Agreement” has the meaning set forth in the Recitals. 

“Founder Securities” means any Common Stock or Non-Voting Common Stock held by
Bryant L. Kiel, Sheila K. Kiel and/or a Kiel Affiliate (excluding any Common Stock described in clauses (a), (b) or (d) (to the extent applicable) of the definition of “Registrable Securities”) 

“Keil Affiliate” means, with respect to Bryant L. Keil and Sheila K. Keil (i) such Person’s, spouse, siblings
and descendants (whether natural or adopted) and any of such descendants’ spouses; (ii) any trust which is and at all times remains solely for the benefit of such Person and/or the Persons described in clause (i) and/or the Persons
described in clause (iii); and (iii) any family limited partnership, limited liability company, Subchapter S corporation, or other tax flow-through entity, the partners, members or other equity owners of which are and at all times remain solely
such Person and/or the Persons described in clause (i) and/or the trusts described in clause (ii) and/or any other Person described in this clause (iii). 
 “Long-Form Registrations” has the meaning set forth in Section 2.1. 
 “Non-Voting Common Stock” means the Company’s non-voting common stock, $0.01 par value per share. 

“Piggyback Registration” has the meaning set forth in Section 3.1. 

  
 2 

 “Preferred Stock” means collectively the Series A Preferred Stock, the
Series B Preferred Stock, the Series C Preferred Stock, the Series D Preferred Stockholders, the Series E Preferred Stock and the Series F Preferred Stock. 
 “Preferred Stockholders” means the holders of Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock and/or
Series F Preferred Stock listed on Exhibit A hereto. 
 “Qualified Holders” means the holders of a
majority of the Registrable Securities (excluding any Founder Securities) then outstanding. 
 “Registrable
Securities” means (a) any Common Stock held by a Preferred Stockholder, (b) any Common Stock issued upon the conversion of any Preferred Stock, (c) any Founder Securities, (d) any Common Stock issued or issuable upon
exercise of the Series F Warrants, and (e) any Common Stock issued or issuable with respect to any of the securities referred to in clauses (a), (b) or (c) by way of a stock dividend or stock split or in connection with a combination
of shares, recapitalization, merger, consolidation or other reorganization. As to any particular Registrable Securities, such securities shall cease to be Registrable Securities when (i) they have been distributed to the public pursuant to an
offering registered under the Securities Act, (ii) they have been sold to the public through a broker, dealer or market maker in compliance with Rule 144 under the Securities Act (or any similar rule then in force) or (iii) at the time of
any Demand Registration or Piggyback Registration they constitute, together with all other Registrable Securities held by the holder thereof, less than any of the thresholds described in Rule 144(e)(1)(i), (ii) or (iii) (irrespective of
whether the holder thereof is an “affiliate” as defined in Rule 144). For purposes of this Agreement, a Person shall be deemed to be the holder of Registrable Securities, and the Registrable Securities shall be deemed to be outstanding and
in existence, whenever such Person has the right to acquire such Registrable Securities upon conversion of Preferred Stock or conversion or exercise of any other securities held by such Person, whether or not such acquisition has actually been
effected, and such Person shall be entitled to exercise the rights of a holder of such Registrable Securities hereunder. 

“Registration Expenses” has the meaning set forth in Section 6.1. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Series A Preferred Stock” has the meaning set forth in the Recitals. 

“Series A Preferred Stockholders” means the holders of Series A Preferred Stock. 

“Series B Preferred Stock” has the meaning set forth in the Recitals. 

“Series B Preferred Stockholders” means the holders of Series B Preferred Stock. 

“Series C Preferred Stock” has the meaning set forth in the Recitals. 

“Series C Preferred Stockholders” means the holders of Series C Preferred Stock. 

“Series D Preferred Stock” has the meaning set forth in the Recitals. 

  
 3 

 “Series D Preferred Stockholders” means the holders of Series D Preferred
Stock. 
 “Series E Preferred Stock” has the meaning set forth in the Recitals. 

“Series E Preferred Stockholders” means the holders of Series E Preferred Stock. 

“Series F Preferred Stock” has the meaning set forth in the Recitals. 

“Series F Preferred Stockholders” means the holders of Series F Preferred Stock. 

“Series F Purchase Agreement” has the meaning set forth in the Recitals. 

“Series F Warrants” has the meaning set forth in the Recitals. 

“Shelf Registration” has the meaning set forth in Section 2.3. 

“Short-Form Registrations” has the meaning set forth in Section 2.1. 

“Suspension Period” has the meaning set forth in Section 5.2. 

“Violation” has the meaning set forth in Section 7.1. 

1.2 Unless otherwise stated, other capitalized terms used but not defined herein shall have the meanings set forth in the Series F
Purchase Agreement. 
 2. Demand Registrations. 

2.1 Requests for Registration. At any time following the earlier of: (a) the five-year anniversary of the date of this
Agreement, and (h) the six-month anniversary of the consummation of the Company’s initial public offering of Common Stock pursuant to a registration statement declared effective under the Securities
Act (the “Company’s IPO”), the Qualified Holders may, subject to Section 2.2, request registration under the Securities Act of all or any portion of their Registrable Securities on Form S-1 or any similar long-form registration (the “Long-Form Registrations”). At any time the Company is then eligible to do so, any Preferred Stockholder may, subject to Section 2.3,
request registration under the Securities Act of all or any portion of its Registrable Securities on Form S-3 or any similar short-form registration statement (the “Short-Form Registrations”)
if available. All registrations requested pursuant to this Section 2.1 (whether Long-Form Registrations or Short-Form Registrations) are referred to herein as “Demand Registrations.” Each request for a Demand
Registration shall specify the approximate number of Registrable Securities requested to be registered. Within ten days after receipt of any such request, the Company shall give written notice of such requested registration to all other holders of
Registrable Securities and shall include as part of such Demand Registration all Registrable Securities with respect to which the Company has received written requests For inclusion therein within 21 days after the receipt of the Company’s
notice by such holders. 
 2.2 Long-Form Registrations. The Qualified Holders shall be entitled to request two Long-Form
Registrations with respect to Registrable Securities, all of which shall be underwritten offerings. 

  
 4 

 2.3 Short-Form Registrations. In addition to the Long-Form Registrations provided
pursuant to Section 2.2, any Preferred Stockholder shall be entitled to request an unlimited number of Short-Form Registrations with respect to Registrable Securities; provided, that, (i) the aggregate offering price of such
Registrable Securities to be registered is at least $1,000,000 and (ii) the Company shall not be required to cause more than two Short-Form Registrations to be filed in any twelve-month period. Demand Registrations shall be Short-Form
Registrations whenever the Company is permitted to use Form S-3 or any similar short form. After the Company has become subject to the reporting requirements of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), the Company shall use its commercially reasonable efforts to make Short-Form Registrations available for the sale of Registrable Securities. In connection with any Short-Form Registration, the holders of a
majority of the Registrable Securities which are included in such Short-Form Registration may require the Company to file such Short-Form Registration with the Securities and Exchange Commission in accordance with and pursuant to Rule 415
promulgated under the Securities Act (or any successor rule then in effect) (a “Shelf Registration”). 
 2.4
Priority on Demand Registrations. If a Demand Registration is an underwritten offering and the managing underwriters advise the Company in writing that, in their opinion, the number of Registrable Securities requested to be included in such
offering exceeds the number of securities which can be sold therein without adversely affecting the marketability of the offering and within a price range acceptable to the holders of a majority of the Registrable Securities requesting registration,
the Company shall first include in such registration, prior to the inclusion of any securities which are not Registrable Securities, the Registrable Securities requested to be included which in the opinion of such underwriters can be sold without
adversely affecting the marketability of the offering, pro rata among the respective holders thereof on the basis of the amount of Registrable Securities owned by each such Preferred Stockholder. 

2.5 Restrictions on Registration. The Company may postpone for up to 90 days the filing or the effectiveness of a registration
statement for a Demand Registration if the Company reasonably believes that such Demand Registration will have a material adverse effect on any proposal or plan by the Company to engage in any financing, acquisition of assets (other than in the
ordinary course of business) or any merger, consolidation, tender offer or other significant transaction; provided, that the Company shall have the right to so postpone such filing or effectiveness only one time during any period of twelve
consecutive months. 
 2.6 Selection of Underwriters. The Company shall have the right to select the investment banker(s)
and manager(s) to administer the offering in connection with any Demand Registration, subject to the approval of the holders of a majority of the Registrable Securities included in such Demand Registration (which approval shall not be unreasonably
withheld or delayed). 
 3. Piggyback Registrations. 

3.1 Right to Piggyback. Whenever the Company proposes to register any of its securities under the Securities Act (other than
pursuant to a Demand Registration which shall be governed by Section 2, and registrations related solely to employee benefit plans or a Rule 145 transaction) and the registration form to be used may be used for the registration of
Registrable Securities (a “Piggyback Registration”), the Company shall give prompt written notice to all 

  
 5 

 
holders of Registrable Securities of its intention to effect such a registration and, subject to the terms hereof, shall include in such registration all Registrable Securities with respect to
which the Company has received written requests for inclusion therein within 21 days after such holders receive the Company’s notice. 
 3.2 Priority on Primary Registrations. If a Piggyback Registration is an underwritten primary registration on behalf of the Company, and the managing underwriters advise the Company in writing that
in their opinion the number of securities requested to be included in such registration exceeds the number which can be sold therein without adversely affecting the marketability of the offering, the Company shall include in such registration
(a) first, the securities the Company proposes to sell, (b) second, the Registrable Securities requested to be included in such registration, pro rata among the respective holders thereof on the basis of the amount of Registrable
Securities owned by each such Preferred Stockholder and (c) third, other securities requested to be included in such registration; provided, that, at least 15% of all securities proposed to be sold in any such Piggyback Registration
shall constitute Registrable Securities requested to be included therein; provided, further, that the holders of Registrable Securities may not require registration of their securities in the Company’s IPO unless other
stockholders’ securities are included in such registration, in which case requesting holders shall participate with other participating stockholders pro rata according to such holders’ and stockholders’ proportionate ownership
of Company stock (assuming conversion into Common Stock of all securities owned by such holders and stockholders then convertible into Common Stock). 
 3.3 Priority on Secondary Registrations. If a Piggyback Registration is an underwritten secondary registration on behalf of holders of the Company’s securities, and the managing underwriters
advise the Company in writing that in their opinion the number of securities requested to be included in such registration exceeds the number which can be sold in such offering without adversely affecting the marketability of the offering, the
Company shall include in such registration (a) first, the securities requested to be included therein by the holders requesting such registration, (b) second, the Registrable Securities requested to be included in such registration, pro
rata among the holders of such securities on the basis of the number of Registrable Securities owned by each such holder and (c) third, other securities requested to be included in such registration; provided, that, at least 15% of
all securities proposed to be sold in any such Piggyback Registration shall constitute Registrable Securities requested to be included therein. 
 3.4 Selection of Underwriters. The Company shall have the right to select the investment banker(s) and manager(s) to administer the offering in connection with any Piggyback Registration.

 4. Holdback Agreements. Each holder of Registrable Securities shall not effect any public sale or
distribution (including sales pursuant to Rule 144) of equity securities of the Company, or any securities convertible into or exchangeable or exercisable for such securities, or engage in any hedging transactions relating to the same, during
(i) with respect to the Company’s IPO, the 180-day period beginning on the effective date of the registration statement relating thereto (or such shorter time period imposed on any of the
Company’s directors, officers or holders of 2% or greater of the Company’s capital stock) or (ii) with respect to (x) any underwritten Demand Registration or (y) any underwritten Piggyback Registration, in each case pursuant
to 

  
 6 

 
which such holder’s Registrable Securities are included, the 90-day period beginning on the effective date of the registration statement relating
thereto; provided, however, that in the periods described above, the holders of Registrable Securities shall be so restricted from effecting transactions in the Company’s securities only if all of the Company’s executive
officers, directors and holders of 2% or greater of the Company’s capital stock (except with respect to clause (ii) any such holders who acquired such securities in the public markets) are also so restricted; and provided,
further, that no restriction under clause (i) or (ii) above shall apply to any Registrable Securities registered by the Company pursuant to the Company’s IPO or pursuant to any underwritten Demand Registration or Piggyback
Registration. 
 5. Registration Procedures. Whenever the holders of Registrable Securities have requested
that any Registrable Securities be registered pursuant to this Agreement, the Company shall use commercially reasonable efforts to effect the registration and the sale of such Registrable Securities in accordance with the intended method of
disposition thereof, and pursuant thereto the Company shall as expeditiously as possible: 
 5.1 prepare and file with the
Securities and Exchange Commission a registration statement with respect to such Registrable Securities and use its commercially reasonable efforts to cause such registration statement to become effective; 

5.2 notify each holder of Registrable Securities of the effectiveness of each registration statement filed hereunder and prepare and file
with the Securities and Exchange Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period of not less
than 120 days (or, if sooner, until all Registrable Securities have been sold under such registration statement) (or, in the case of a Shelf Registration, a period ending on the earlier of (i) the date on which all Registrable Securities have
been sold pursuant to the Shelf Registration or have otherwise ceased to be Registrable Securities, and (ii) the 6-month anniversary of the effective date of such Shelf Registration) and comply with the
provisions of the Securities Act with respect to the disposition of securities covered by such registration statement during such period in accordance with the intended methods of disposition by the sellers thereof set forth in such registration
statement; provided, however, that at any time, upon written notice to the participating holders of Registrable Securities and for a period not to exceed forty-five (45) days thereafter (the “Suspension Period”),
the Company may suspend the use or effectiveness of any registration statement (and the holder of Registrable Securities participating in such offering hereby agrees not to offer or sell any Registrable Securities pursuant to such registration
statement during the Suspension Period) if the Company reasonably believes that the Company may, in the absence of such suspension hereunder, be required under state or federal securities laws to disclose any corporate development the disclosure of
which could reasonably be expected to have an adverse effect upon the Company, its stockholders, a potentially significant transaction or event involving the Company, or any negotiations, discussions, or proposals directly relating thereto. No more
than two (2) such Suspension Periods shall occur in any twelve (12) month period. In the event that the Company shall exercise its rights hereunder, the applicable time period during which the registration statement is to remain effective
shall be extended by a period of time equal to the duration of the Suspension Period. The Company may extend the Suspension Period for an additional consecutive thirty (30) days with the consent of the holders of at least a majority of the
Registrable Securities proposed to be sold by the holders participating in such offering. If so 

  
 7 

 
directed by the Company, the holders of Registrable Securities shall use their commercially reasonable efforts to deliver to the Company (at the Company’s expense) all copies, other than
permanent file copies then in such holders’ possession, of the prospectus relating to such Registrable Securities current at the time of receipt of such notice. 
 5.3 furnish to each seller of Registrable Securities such number of copies of such registration statement, each amendment and supplement thereto, the prospectus included in such registration statement
(including each preliminary prospectus) and such other documents as such seller may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such seller; 

5.4 use commercially reasonable efforts to register or qualify such Registrable Securities under such other securities or blue sky laws of
such jurisdictions as any seller reasonably requests and do any and all other acts and things which may be reasonably necessary or advisable to enable such seller to consummate the disposition in such jurisdictions of the Registrable Securities
owned by such seller (provided, however, that the Company shall not be required to (a) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this subsection,
(b) subject itself to taxation in any such jurisdiction or (c) consent to general service of process in any such jurisdiction); 
 5.5 notify each seller of such Registrable Securities, 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 contains an untrue statement of a material fact or omits any fact necessary to make the statements therein not misleading, and, at the request of any such seller, the Company shall prepare
a supplement or amendment to such prospectus so that, as thereafter delivered to the sellers of such Registrable Securities, such prospectus shall not contain an untrue statement of a material fact or omit to state any fact necessary to make the
statements therein not misleading; 
 5.6 cause all such Registrable Securities to be listed on each securities exchange and/or
quotation system on which similar securities issued by the Company are then listed and/or quoted; 
 5.7 provide a transfer agent
and registrar for all such Registrable Securities not later than the effective date of such registration statement; 
 5.8 enter
into such customary agreements (including underwriting agreements in customary form) and take all such other actions as the underwriters, if any, reasonably request in order to expedite or facilitate the disposition of such Registrable Securities
(including effecting a stock split or a combination of shares); 
 5.9 make available for inspection by any seller of Registrable
Securities, any underwriter participating in any disposition pursuant to such registration statement, and any attorney, accountant or other agent retained by any such seller or underwriter, all financial and other records, pertinent corporate
documents and properties of the Company, and cause the Company’s officers, directors, employees and independent accountants to supply all information reasonably requested by any such seller, underwriter, attorney, accountant or agent in
connection with such registration statement; 

  
 8 

 5.10 otherwise use commercially reasonable efforts to comply with all applicable rules and
regulations of the Securities and Exchange Commission, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months beginning with the first day of the
Company’s first full calendar quarter after the effective date of the registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder; 

5.11 in the event of the issuance of any stop order suspending the effectiveness of a registration statement, or of any order suspending
or preventing the use of any related prospectus or suspending the qualification of any common stock included in such registration statement for sale in any jurisdiction, the Company shall use its commercially reasonable efforts promptly to obtain
the withdrawal of such order; and 
 5.12 use its commercially reasonable efforts to cause such Registrable Securities covered by
such registration statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the sellers thereof to consummate the disposition of such Registrable Securities. 

6. Registration Expenses. 
 6.1 All expenses incident to the Company’s performance of or compliance with this Agreement (whether with respect to a Demand Registration or Piggyback Registration), including, without limitation,
all registration and filing fees, fees of any transfer agent and registrar, fees and expenses of compliance with securities or blue sky laws, printing expenses, fees and disbursements of counsel for the Company and its independent certified public
accountants, fees and expenses of underwriters (excluding discounts and commissions attributable to the Registrable Securities included in such registration), the Company’s internal expenses and the expenses and fees for listing the securities
to be registered on each securities exchange or quotation system on which similar securities issued by the Company are then listed or quoted (all such expenses being herein called “Registration Expenses”), shall be borne by the
Company. 
 6.2 In connection with each Demand Registration and each Piggyback Registration, the Company shall reimburse the
holders of Registrable Securities included in such registration for the reasonable fees and disbursements of one counsel (not to exceed $20,000 for each such registration) chosen by the holders of a majority of the Registrable Securities included in
such registration. 
 7. Indemnification. 
 7.1 In connection with any Demand Registration or Piggyback Registration, the Company agrees to indemnify, to the extent permitted by law, each holder of Registrable Securities, the partners or officers,
directors, and equity holders of such holder, and each Person who controls such holder (within the meaning of the Securities Act) against all losses, claims, damages, liabilities (joint or several) and expenses arising out of, based upon or caused
by any of the following statements, omissions or violations (each, a “Violation”): (i) any untrue or alleged untrue statement of material fact contained in any registration statement, prospectus or preliminary prospectus or any
amendment thereof or supplement thereto, (ii) any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not 

  
 9 

 
misleading, or (iii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any state securities laws or any rule or regulation promulgated under the
Securities Act, the Exchange Act or any state securities laws; and the Company will reimburse each such holder or controlling person for any legal or other expenses reasonably incurred by any of them in connection with investigating or defending any
such loss, claim, damage, liability or action; provided, however, that the Company shall not be liable in any such case for any such loss, claim, damage, liability or action to the extent that it is caused by a Violation that occurs in
reliance upon and in conformity with any information furnished in writing to the Company by such holder or as a result of such holder’s failure to deliver a copy of the registration statement or prospectus or any amendments or supplements
thereto to a purchaser of such holder’s securities after the Company has furnished such holder with a sufficient number of copies of the same. 
 7.2 In connection with any Demand Registration or Piggyback Registration in which a holder of Registrable Securities is participating, each such holder agrees to indemnify, to the extent permitted by law,
the Company, its directors, officers, any other holder selling securities in such Demand Registration or Piggyback Registration, and each Person who controls the Company (within the meaning of the Securities Act) against all losses, claims, damages,
liabilities (joint or several) and expenses arising out of, based upon or caused by any Violation, and such holder will reimburse the Company and each such Person for any legal or other expenses reasonably incurred by any of them in connection with
investigating or defending any such loss, claim, damage, liability or expense, but only to the extent that such Violation is caused by any information furnished in writing by such holder or as a result of such holder’s failure to deliver
a copy of the registration statement or prospectus or any amendments or supplements thereto after the Company has furnished such holder with a sufficient number of copies of the same; provided, that, the obligation to indemnify shall be
individual, not joint and several, for each holder and shall be limited to the net amount of proceeds received by such holder from the sale of Registrable Securities pursuant to such registration statement. 

7.3 Any Person entitled to indemnification hereunder shall (a) give prompt written notice to the indemnifying party of any claim with
respect to which it seeks indemnification (provided that the failure to give prompt notice shall not impair any Person’s right to indemnification hereunder to the extent such failure has not prejudiced the indemnifying party’s ability to
defend such claim), and (b) unless in the written opinion of legal counsel to such indemnified or indemnifying parties a conflict of interest between such indemnified and indemnifying parties exists with respect to such claim, permit such
indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party. If such defense is assumed, the indemnifying party shall not be subject to any liability for any settlement made by the indemnified
party without its consent (but such consent shall not be unreasonably withheld). An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim shall be obligated to pay the fees and expenses of one counsel (but not
more than one) for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment (with written advice of counsel) of any indemnified party a conflict of interest may exist between such indemnified
party and any other of such indemnified parties with respect to such claim. 

  
 10 

 7.4 The indemnification provided for under this Agreement shall remain in full force and
effect regardless of any investigation made by or on behalf of the indemnified party or any partner, officer, director or controlling Person of such indemnified party and shall survive the transfer of securities. The Company also agrees to make such
provisions, as are reasonably requested by any indemnified party, for contribution to such party in the event the Company’s indemnification is unavailable for any reason. 
 8. Participation in Underwritten Registrations. No Person may participate in any registration hereunder which is underwritten unless such Person (a) agrees to sell such
Person’s securities on the basis provided in any underwriting arrangements approved by the Company and (b) completes and executes all questionnaires, powers of attorney and other documents required under the terms of such underwriting
arrangements; provided, that, no holder of Registrable Securities included in any underwritten registration shall be required to make any representations or warranties to the Company or the underwriters (other than representations and
warranties regarding such holder and such holder’s intended method of distribution) or to undertake any indemnification obligations to the Company or the underwriters with respect thereto, except to the extent of the indemnification provided in
Section 7. 
 9. Miscellaneous. 
 9.1 Future Registration Rights. The Company shall not grant to any Person any additional registration rights with respect to securities of the Company if such additional registration rights are not
pari passu with or subordinate to the registration rights granted to the Preferred Stockholders pursuant to this Agreement, unless the holders of a majority of the Registrable Securities then outstanding consent in writing. 

9.2 Remedies. Any Person having rights under any provision of this Agreement shall be entitled to enforce such rights specifically
to recover damages caused by reason of any breach of any provision of this Agreement and to exercise all other rights granted by law. The parties hereto agree and acknowledge that money damages are not an adequate remedy for any breach of the
provisions of this Agreement and that any party may apply for specific performance and for other injunctive relief in order to enforce or prevent violation of the provisions of this Agreement. 

9.3 Amendments and Waivers. Except as otherwise provided herein, the provisions of this Agreement may be amended or waived only
upon the prior written consent of (a) the Company and (b) the holders of a majority of the Registrable Securities then outstanding. Notwithstanding anything in this Agreement to the contrary, after the Offering Termination Date, the
Company may amend Exhibit A to reflect all issuances of Series F Preferred Stock and Series F Preferred Warrants without the consent of any other party. 
 9.4 Successors, Assigns and Subsequent Holders. 
 (a) All covenants and
agreements in this Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors and the permitted assigns of the parties hereto. 

(b) The rights to cause the Company to register Registrable Securities pursuant to this Agreement may be assigned (but only with all
related obligations) by a holder of Registrable Securities to a transferee of such securities if (x) such transfer involves at least 33% of the Registrable Securities held by the holder on the date hereof, (y) such transfer involves the
transfer 

  
 11 

 
of at least 250,000 shares of Registrable Securities, or (z) the transfer is to (i) a subsidiary, parent, partner, limited partner, member, retired member, retired partner or
stockholder of such holder or (ii) such holder’s family member or trust for the benefit of such holder (provided, that all such transferees who would not qualify individually for assignment of registration rights under clause
(x) or (y) of this Section 9.4 have a single attorney-in-fact for the purpose of exercising any rights, receiving notices or taking any action
under this Agreement). 
 (c) No assignment or transfer pursuant to this Section 9.4 shall be effective unless
(i) the Company is, within a reasonable time after such transfer, furnished with written notice of the name and address of such transferee or assignee and the securities with respect to which such registration rights are being assigned; and
(ii) such transferee or assignee agrees in writing to be bound by and subject to the terms and conditions of this Agreement. 
 9.5 Aggregation of Stock. All shares of Registrable Securities 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. 
 9.6 Entire Agreement; Supersedes Existing Rights Agreement. This Agreement constitutes the
entire agreement of the parties hereto with respect to the subject matter contained herein, and supersedes all prior agreements, negotiations, discussions and understandings among the parties hereto with respect to such subject matter, including
without limitation the Existing Rights Agreement which is hereby amended and restated in its entirety and hereafter of no further force or effect. 
 9.7 Severability. Wherever possible, each provision of this Agreement will be interpreted in such manner as to, be effective and valid under applicable law and in such a way as to, as closely as
possible, achieve the intended economic effect of such provision and this Agreement as a whole, but if any provision contained herein is, for any reason, held to be invalid, illegal or unenforceable in any respect, such provision shall be
ineffective to the extent, but only to the extent, of such invalidity, illegality or unenforceability without invalidating the remainder of such provision or any other provisions hereof, unless such a construction would be unreasonable. 

9.8 Termination. Except for the provisions of Section 7, this Agreement shall terminate and be of no further force and
effect on the fourth anniversary of the Company’s IPO. 
 9.9 Notices. All notices or other communications required
or permitted hereunder shall be in writing and shall be deemed given upon delivery (a) when delivered personally, (b) if transmitted by facsimile when confirmation of transmission is received, (c) if sent by registered or certified
mail, postage prepaid, return receipt requested or (d) if sent by reputable overnight courier service; and shall be addressed as follows: 

  
 12 

			
	To the Company:	  	with a copy to:
		
	 Potbelly Corporation

Attention: Aylwin Lewis, Chief Executive Officer

222 Merchandise Mart Plaza
 Suite 2300

Chicago, Illinois 60654
 Facsimile: (312) 577-0451
	  	 Potbelly Corporation
 222
Merchandise Mart Plaza
 Suite 2300

Chicago, Illinois 60654
 Attention: Matt
Revord,
                     General
Counsel
 Facsimile: (312) 896-9255

 
 and

		
		  	 Bell, Boyd & Lloyd LLC
 70
West Madison
 Chicago, Illinois 60602

Attention: Lawrence C. Eppley
 Facsimile: (312)
827-8035

 To the holders of Registrable Securities: 
 At their respective addresses set forth on 
 Exhibit A attached hereto 

9.10 Governing Law. This Agreement and the exhibits and schedules hereto shall be governed by, and construed in accordance with,
the laws of the State of Delaware, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other
than the State of Delaware. In furtherance of the foregoing, the internal law of the State of Delaware shall control the interpretation and construction of this Agreement (and all schedules and exhibits hereto), even though under that
jurisdiction’s choice of law or conflict of law analysis, the substantive law of some other jurisdiction would ordinarily apply. 
 9.11 Submission to Jurisdiction; Waiver of Jury Trial. 
 (a) Each of the
parties hereby irrevocably submits in any suit, action or proceeding arising out of or related to this Agreement, or any of the transactions contemplated hereby or thereby, to the exclusive jurisdiction of any state or federal court located in the
State of Delaware, and, to the extent permissible by law, waives any and all claims and objections that any such court is an inconvenient forum. 
 (b) EACH OF THE PARTIES HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL. BY JURY IN ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, BETWEEN OR AMONG ANY OF THE PARTIES ARISING OUT OF OR RELATED
TO THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT OR ANY OF THE TRANSACTION DOCUMENTS, OR ANY OTHER INSTRUMENT OR DOCUMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH OR THEREWITH. ANY PARTY MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS
AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 

  
 13 

 9.12 Attorneys’ Fees. In the event of any action or suit based upon or arising
out of any actual or alleged breach by any party of any provision of this Agreement, the prevailing party shall be entitled to recover its reasonable attorneys’ fees and expenses of such action or suit from the losing party, in addition to any
other relief ordered by the court. 
 9.13 Execution in Counterparts. This Agreement may be executed in any number of
counterparts, each of which will be considered an original instrument, but all of which together will be considered one and the same agreement, and will become binding when one or more counterparts have been signed by and delivered to each of the
parties. 
 [SIGNATURE PAGES FOLLOW] 

  
 14 

 Signature Pages Follow This Page 

Blank signature blocks represent stockholders who did not participate in the Series F Preferred Financing and whose signature was not
required. 

 IN WITNESS WHEREOF, the parties hereto have caused this Fifth Amended and Restated
Registration Rights Agreement to be executed the day and year first above written. 
  

			
	POTBELLY CORPORATION
		
	By:	 	/s/ Aylwin Lewis
		 	  

		 	Aylwin Lewis,
		 	Chief Executive Officer

  
 Signature page
to the 
 Fifth Amended and Restated Registration Rights Agreement 

			
	PREFERRED STOCKHOLDERS:
	
	BENCHMARK CAPITAL PARTNERS IV, L.P.
	as nominee for
	Benchmark Capital Partners IV, L.P.
	Benchmark Founders’ Fund IV, L.P.
	Benchmark Founders’ Fund IV-A, L.P.
	 Benchmark Founders’ Fund IV-B, L.P.

and related individuals

		
	By:	 	Benchmark Capital Management Co. IV, L.L.C.
		 	its general partner
		
	By:	 	/s/ Steven M. Spurlock
		 	Managing Member

  
 Signature page
to the 
 Fifth Amended and Restated Registration Rights Agreement 

			
	 OAK INVESTMENT PARTNERS IX, LIMITED PARTNERSHIP

		
	By:	 	Oak Associates IX, LLC, Its General Partner
		
	By:	 	/s/ Gerald R. Gallagher
		 	Gerald R. Gallagher, Its Managing Member
	
	OAK IX AFFILIATES FUND, LIMITED PARTNERSHIP
		
	By:	 	Oak Associates IX, LLC, Its General Partner
		
	By:	 	/s/ Gerald R. Gallagher
		 	Gerald R. Gallagher, Its Managing Member
	
	OAK IX AFFILIATES FUND-A, LIMITED PARTNERSHIP
		
	By:	 	Oak Associates IX, LLC, Its General Partner
		
	By:	 	/s/ Gerald R. Gallagher
		 	Gerald R. Gallagher, Its Managing Member

  
 Signature page
to the 
 Fifth Amended and Restated Registration Rights Agreement 

	
	
MAVERON EQUITY PARTNERS 2000, L.P.               
                                         
    

	
	 By: MAVERON GENERAL PARTNER 2000 LLC

	
	 /s/ Dan Levitan

	 By: Dan Levitan

	 Its: Manager

	
	 MAVERON EQUITY PARTNERS 2000-B, L.P.

	
	 By: MAVERON GENERAL PARTNER 2000 LLC

	
	 /s/ Dan Levitan

	 By: Dan Levitan

	 Its: Manager

	
	 MEP 2000 ASSOCIATES LLC

	
	 /s/ Dan Levitan

	 By: Dan Levitan

	 Its: Manager

  

			
	MAVERON EQUITY PARTNERS III, a Delaware limited partnership
	By: MAVERON GENERAL PARTNER III LLC, a Delaware limited liability company
		
	By:	 	/s/ Dan Levitan
	Its:	 	Managing Manager
	
	MAVERON III ENTREPRENEURS’ FUND, L.P., a Delaware limited partnership
	By: MAVERON GENERAL PARTNER III LLC, a Delaware limited partnership
		
	By:	 	/s/ Dan Levitan
	Its:	 	Managing Manager
	
	MEP III ASSOCIATES FUND, L.P., a Delaware limited partnership
	By: MAVERON GENERAL PARTNER III LLC, a Delaware limited liability company
		
	By:	 	/s/ Dan Levitan
	Its:	 	Managing Manager

  
 Signature page
to the 
 Fifth Amended and Restated Registration Rights Agreement 

			
	OXFORD BLACKPOINT VENTURE PARTNERS VII, LLC
	
	By: Oxford Capital Partners, Inc
	Its: Manager
		
	By:	 	/s/ Vann Avedisian
		 	Name: Vann Avedisian
		 	Title: Managing Director

  
 Signature page
to the 
 Fifth Amended and Restated Registration Rights Agreement 

	
	JANNOTTA FAMILY TRUST
	
	 /s/ illegible

	By:
	Its: Trustee
	
	EDGAR D. JANNOTTA, Sr.
	
	 /s/ Edgar D. Jannotta, Sr.

  
 Signature page
to the 
 Fifth Amended and Restated Registration Rights Agreement 

	
	BRYANT L. KEIL
	
	 /s/ Bryant L. Keil

	
	SHEILA K. KEIL
	
	  

  
 Signature page
to the 
 Fifth Amended and Restated Registration Rights Agreement 

			
	MERUG LIMITED LIABILITY COMPANY
		
	By:	 	 /s/ Giancarlo Turano

		 	Name:
		 	Title:

  
 Signature page
to the 
 Fifth Amended and Restated Registration Rights Agreement 

	
	PLACIDO ARANGO
	
	 /s/ Placido Arango

  
 Signature page
to the 
 Fifth Amended and Restated Registration Rights Agreement 

 
	
	MIKE AND BETH HUFFSTETLER, as Joint Tenants
	
	 /s/ Michael R. Huffstetler

	
	 /s/ Beth Huffstetler

  
 Signature page
to the 
 Fifth Amended and Restated Registration Rights Agreement 

	
	ABBOTT SMITH
	
	 /s/ Abbott Smith

  
 Signature page
to the 
 Fifth Amended and Restated Registration Rights Agreement 

			
	ASP PBSW, LLC
		
	By:	 	 /s/ illegible

		 	Name:
		 	Title:

  
 Signature page
to the 
 Fifth Amended and Restated Registration Rights Agreement 

	
	AYLWIN LEWIS
	
	 /s/ Aylwin Lewis

  
 Signature page
to the 
 Fifth Amended and Restated Registration Rights Agreement 

	
	MATTHEW REVORD
	
	 /s/ Matthew Revord

  
 Signature page
to the 
 Fifth Amended and Restated Registration Rights Agreement 

	
	CHARLES TALBOT
	
	 /s/ Charles Talbot

  
 Signature page
to the 
 Fifth Amended and Restated Registration Rights Agreement 

	
	SHK CAPITAL PARTNERS,
	
	 /s/ Carl Segal

	By:
	Its:

  
 Signature page
to the 
 Fifth Amended and Restated Registration Rights Agreement 

	
	RICHARD TREBILCOCK
	
	 /s/ Richard Trebilcock

  
 Signature page
to the 
 Fifth Amended and Restated Registration Rights Agreement 

	
	GORDON COHEN
	
	 /s/ Gordon Cohen

  
 Signature page
to the 
 Fifth Amended and Restated Registration Rights Agreement 

			
	WILBLAIRCO ASSOCIATES, LLC
		
	By:	 	  

	Its:	 	  

	
	WILBLAIRCO II, LLC
		
	By:	 	 /s/ illegible

	Its:	 	Manager
	
	PBI OF ILLINOIS, LLC
		
	By:	 	  

	Its:	 	  

	
	ROBBINS & ASSOCIATES CAPITAL ADVISORS FUND II, LLC
		
	By:	 	 /s/ Terry Robbins

	Its:	 	Manager
	
	STAR H2O PARTNERS, LLC
		
	By:	 	 /s/ illegible

	Its:	 	  

	
	NED JANNOTTA, JR.
		
	By:	 	  

  
 Signature page
to the 
 Fifth Amended and Restated Registration Rights Agreement 

			
	WI — POTBELLY, LLC
		
	By:	 	 /s/ Dennis Zaslavsky

		 	Name: Dennis Zaslavsky
		 	Title: Managing Member
	
	WI — POTBELLY II, LLC
		
	By:	 	 /s/ Dennis Zaslavsky

		 	Name: Dennis Zaslavsky
		 	Title: Managing Member

  
 Signature page
to the 
 Fifth Amended and Restated Registration Rights Agreement 

 EXHIBIT A — HOLDERS OF REGISTRABLE SECURITIES 

 

					
	 Name
	 	 Address
	 	 Number of Company Shares

as of the date hereof

	 OAK INVESTMENT PARTNERS IX,
 LIMITED
 PARTNERSHIP
	 	 90 So. Seventh Street
 Suite 4550
 Minneapolis, MN 55402
	 	 99,881 Common Stock
 966,500 Series B Preferred
 388,031 Series C Preferred

176,478 Series D Preferred
 357,200 Series E Preferred
 346,154 Series F Preferred

78,409 Series F Warrants

	OAK IX AFFILIATES FUND, LIMITED PARTNERSHIP	 	 90 So. Seventh Street Suite 4550
 Minneapolis, MN 55402
	 	 1,065 Common Stock
 10,301 Series B Preferred
 4,136 Series C Preferred

1,881 Series D Preferred
 3,800 Series E Preferred
 3,689 Series F Preferred

836 Series F Warrants

	OAK IX AFFILIATES FUND-A, LIMITED PARTNERSHIP	 	 90 So. Seventh Street Suite 4550
 Minneapolis, MN 55402
	 	 2,397 Common Stock
 23,199 Series B Preferred
 9,314 Series C Preferred

4,236 Series D Preferred
 8,575 Series E Preferred
 8,309 Series F Preferred

1,882 Series F Warrants

	BENCHMARK CAPITAL PARTNERS IV, L.P.	 	 2480 Sand Hill Road
 Suite 200
 Menlo Park, CA 94025
	 	 1,000,000 Series B Preferred
 401,481 Series C Preferred
 145,833 Series D Preferred

17,857 Series E Preferred
 25,000 Series F Preferred

  
 A-1

					
	DAVID BRADLEY	 	 President
 Huizenga Capital Management 2215 York Road
 Suite 500

Oak Brook, IL 60523
	 	 11,111 Common Stock
 20,000 Series B Preferred
 2,677 Series C Preferred

4,946 Series D Preferred
 28,571 Series E Preferred

	 PETER H. HUIZENGA, JR. TRUST U/T/A

12/24/3996
	 	 c/o David Bradley
 President
 Iluizenga Capital Management

2215 York Road

Suite 500
 Oak
Brook, IL 60523
	 	 11,111 Common Stock
 1,626 Series D Preferred
 14,671 Series E Preferred

	HUIZENGA INVESTMENT PARTNERSHIP	 	 c/o David Bradley
 President
 Huizenga Capital Management

2215 York Road

Suite 500
 Oak
Brook, IL 60523
	 	 88,889 Common Stock
 13,012 Series D Preferred
 117,240 Series E Preferred

	CRAIG J. FOLEY	 	 7 Locust Lane
 Bronxville, NY 10708
	 	 8,333 Common Stock
 20,000 Series B Preferred
 2,677 Series C Preferred

6,800 Series E Preferred

	MAVERON EQUITY PARTNERS III, L.P.	 	 505 Fin Avenue South
 Suite 600
 Seattle, WA 98104
	 	 605,562 Series E Preferred

606,161 Series F Preferred
 128,693 Series F Warrants

	 MAVERON III ENTREPRENEURS’ FUND,

L.P.
	 	 505 Fifth Avenue South
 Suite 600
 Seattle, WA 98104
	 	 25,693 Series E Preferred
 25,718 Series F Preferred
 5,460 Series F Warrants

	MEP III ASSOCIATES FUND, L.P.	 	 505 Fifth Avenue South
 Suite 600
 Seattle, WA 98104
	 	 83,031 Series E Preferred
 83,113 Series F Preferred
 17,646 Series F Warrants

	MAVERON EQUITY PARTNERS 2000, L.P.	 	 505 Fifth Avenue South
 Suite 600
 Seattle, WA 98104
	 	 187,218 Common Stock
 1,944,917 Series A Preferred
 553,900 Series B Preferred

442,237 Series C Preferred
 379,583 Series D Preferred
 60,177 Series E
Preferred

  
 A-2

					
	 MAVERON EQUITY PARTNERS 2000-B,

L.P.
	 	 505 Fifth Avenue South
 Suite 600
 Seattle, WA 98104
	 	 7,297 Common Stock
 60,430 Series A Preferred
 19,200 Series B Preferred

17,237 Series C Preferred
 12,640 Series D Preferred
 2,346 Series E Preferred

	MEP 2000 ASSOCIATES LLC	 	 505 Fifth Avenue South
 Suite 600
 Seattle, WA 98104
	 	 27,707 Common Stock
 267,380 Series A Preferred
 76,412 Series B Preferred

65,447 Series C Preferred
 53,019 Series D Preferred
 8,906 Series E Preferred

	 OXFORD BLACKPOINT VENTURE
 PARTNERS VII, LLC
	 	 350 West Hubbard
 Suite 450
 Chicago, Illinois 60610
	 	 155,233 Common Stock
 500,000 Series A Preferred
 142,892 Series B Preferred

108,336 Series C Preferred
 132,687 Series D Preferred
 257,143 Series E Preferred

82,927 Series F Preferred
 8,292 Series F Warrants

	WI — POTBELLY, LLC	 	 Dennis M. Zaslavsky
 Waveland Investments, LLC
 1850 Second Street, Suite 201

Highland Park, Illinois 60035
	 	 55,556 Common Stock
 599,650 Series A Preferred
 171,371 Series B Preferred

97,446 Series C Preferred
 64,364 Series D Preferred

	WI — POTBELLY II, LLC	 	 Dennis M. Zaslavsky Waveland Investments, LLC

1850 Second Street, Suite 201
 Highland Park, Illinois 60035
	 	 135,714 Series E Preferred
 104,375 Series F Preferred
 16,929 Series F Warrants

	WILBLAIRCO ASSOCIATES, LLC	 	 c/o William Blair & Company
 222 West Adams Street
 Chicago, Illinois 60606

Attn: E. David Coolidge
	 	 215,073 Series B Preferred
 20,075 Series C Preferred
 41,274 Series D
Preferred

  
 A-3

					
	WILBLAIRCO II, LLC	 	 c/o William Blair & Company
 222 West Adams Street
 Chicago, Illinois 60606

Attn: E. David Coolidge
	 	 324,931 Common Stock
 59,945 Series D Preferred
 162,280 Series E Preferred

42,049 Series F Preferred
 5,613 Series F Warrants

	PBI OF ILLINOIS, LLC	 	 c/a Thrall Enterprises
 180 N. Stetson
 Suite 3020

Chicago, Illinois 60601
 Attn: Randy Thrall
	 	 31,667 Common Stock
 3,842 Series D Preferred
 6,175 Series E Preferred

	 ROBBINS & ASSOCIATES CAPITAL
 ADVISORS FUND II, LLC
	 	 c/o William Blair & Company
 222 West Adams Street
 Chicago, Illinois 60606

Attn: Terry Robbins
	 	 41,908 Common Stock
 5,085 Series D Preferred
 10,300 Series E Preferred

3,665 Series F Preferred
 366 Series F Warrants

	STAR H2O PARTNERS, LLC	 	 c/o William Blair & Company
 222 West Adams Street
 Chicago, Illinois 60606

Attn: William O. Kasten
	 	 64,130 Common Stock
 7,782 Series D Preferred
 15,750 Series F Preferred

23,917 Series F Preferred
 6,052 Series F Warrants

	NED JANOTTA, JR,	 	 William Blair & Company
 222 West Adams Street
 Chicago, Illinois 60606
	 	 16,678 Common Stock
 2,024 Series D Preferred
 4,100 Series E Preferred

	JANNOTTA FAMILY TRUST	 	 Edgar D. Jannotta, Sr.
 William Blair & Company
 222 West Adams Street

Chicago, Illinois 60606
	 	 125,000 Series A Preferred
 35,723 Series B Preferred
 27,084 Series C Preferred

12,193 Series D Preferred
 13,784 Series F Preferred
 1,575 Series F Warrants

	BRYANT L. KEIL.	 	 222 Merchandise Mart Plaza
 Suite 2300
 Chicago, Illinois 60654
	 	 4,360,000 Common Stock
 665,000 Series A Preferred
 25,000 Series F
Preferred

  
 A-4

					
	SHEILA K. KEIL*	 	 222 Merchandise Mart Plaza
 Suite 2300
 Chicago, Illinois 60654
	 	 315,000 Common Stock
 35,000 Series A Preferred

	EDGAR D. JANNOTTA, Sr.	 	 Edgar D. Jannotta, Sr.
 William Blair & Company
 222 West Adams Street

Chicago, Illinois 60606
	 	 137,193 Common Stock
 35,723 Series B Preferred
 27,084 Series C Preferred

34,864 Series D Preferred
 16,216 Series F Preferred
 1,859 Series F Warrants

	MERUG LIMITED LIABILITY COMPANY	 	 6501 West Roosevelt Road
 Berwyn, Illinois 60402
	 	 4,916 Common Stock
 33,333 Series C Preferred
 5,600 Series D Preferred

9,600 Series E Preferred
 3,419 Series F Preferred
 341 Series F Warrants

	PLACIDO ARANGO, JR..	 	 Grupo VIPS
 Tres Estrella Unidas, S.L.
 Planta Baja

C/Edison 4
 28006
Madrid
 Spain
	 	 55,556 Common Stock
 8,132 Series D Preferred
 13,950 Series E Preferred

4,967 Series F Preferred
 496 Series F Warrants

	CONCORDE HOLDINGS IX, LLC	 	12500 Fair Lakes Circle Fairfax, VA 22033 Attn: Jon Peterson	 	 166,667 Common Stock
 24,396 Series D Preferred
 14,286 Series E
Preferred

	COS HOLDINGS, LLC	 	 812 Skokie Boulevard
 Northbrook, II, 60062
 Attn: Michael Krasny
	 	 55,556 Common Stock
 3,371 Series D Preferred
 12,900 Series E Preferred

	 MIKE AND BETH HUFFSTETLER, AS
 JOINT TENANTS
	 	 Ivins, Phillips & Barker
 1700 Pennsylvania Avenue,
 N.W.

Washington, D.C. 20006
	 	 70,000 Common Stock
 10,247 Series D Preferred
 29,753 Series E Preferred

25,000 Series F Preferred
 6,091 Series F Warrants

  

	* 	 Bryant L. Keil or Sheila K. Keil shall be deemed to be “Series A Preferred Stockholders” for purposes of this Agreement solely with respect
to the 700,000 shares of Series A Preferred Stock owned by them as of the date hereof, and any Common Stock issued upon conversion thereof (as adjusted for stock splits, stock dividends, recapitalizations, reorganizations and like occurrences).

  
 A-5

					
	ABBOTT SMITH	 	 704 Maclean
 Kenilworth, Illinois, 60043
	 	 20,106 Series D Preferred
 7,142 Series E Preferred
 10,000 Series F Preferred

2,651 Series F Warrants

	WALTER E. ROBB III	 	 P.O. Box 126
 Sherborn, MA 01770
	 	 2,084 Series D Preferred
 1,800 Series E Preferred

	WALTER E. ROBB IV	 	 Whole Foods Market
 5980 Horton Street, Suite 20
 Emeryville, CA 94608
	 	 18,750 Series D Preferred
 21,243 Series E Preferred

	ASP PBSW, LLC	 	 ASP PBSW, LLC c/o American Securities Capital Partners, LLC Attn: General Counsel

Chrysler Center

666 Third Avenue, 29th Floor
 New York, NY 10017
	 	 2,142,858 Series E Preferred

368,928 Series F Preferred
 83,261 Series F Warrants

	GENE AND PAT EGAN	 	 340 Old Mill Rd., No. 69
 Santa Barbara, CA 93110
	 	1,800 Series E Preferred
	GORDON COHEN	 	 8817 SE 63rd Street
 Mercer Island, WA 98040
	 	 7,143 Series E Preferred
 457 Series F Preferred
 45 Series F Warrants

	AYLWIN LEWIS	 	 930 South Ridge Road
 Lake Forest, IL 60045
	 	 80,000 Series F Preferred
 8,000 Series F Warrants

	MATTHEW REVORD	 	 823 Greenwood Avenue
 Wilmette, IL 60091
	 	 9,375 Series F Preferred
 937 Series F Warrants

	CHARLES TALBOT	 	 611 Oak Knoll Drive
 Lake Forest, IL 60045
	 	 9,375 Series F Preferred
 937 Series F Warrants

	SHK CAPITAL PARTNERS	 	 c/o Carl Segal
 1459 Green Bay Road
 Highland Park, IL 60035
	 	 13,750 Series F Preferred
 1,375 Series F Warrants

	RICHARD TREBILCOCK	 	 5829 Brittany Woods Circle
 Louisville, KY 40222
	 	 12,500 Series F Preferred
 1,250 Series F Warrants

  
 A-6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00221-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00221-of-00352.parquet"}]]