Document:

EX-4.3

 Exhibit 4.3 

APPFORMIX INC. 
 AMENDED
AND RESTATED 
 2013 STOCK PLAN 

 APPFORMIX INC. 

AMENDED AND RESTATED 2013 STOCK PLAN 

1. Purposes of the Plan. The purposes of this Amended and Restated 2013 Stock Plan are to attract and retain the best
available personnel for positions of substantial responsibility, to provide additional incentive to Employees and Consultants, and to promote the success of the Company’s business. Options granted under the Plan may be Incentive Stock Options
or Nonstatutory Stock Options, as determined by the Administrator at the time of grant of an Option and subject to the applicable provisions of Section 422 of the Code and the regulations promulgated thereunder. Restricted Stock and Restricted
Stock Units may also be granted under the Plan. 
 2. Definitions. As used herein, the following definitions shall apply: 

(a) “Administrator” means the Board or a Committee. Following any Change of Control, the Administrator means the
Compensation Committee of the Company’s successor (or parent or subsidiary thereof) or, if none, the board of directors of the successor entity (or parent or subsidiary thereof); provided that the Compensation Committee or board of directors,
as applicable, may delegate certain responsibilities to a committee comprised of members of the board, officers or employees of the Company and/or Company’s successor. 

(b) “Affiliate” means (i) an entity other than a Subsidiary which, together with the Company, is under common
control of a third person or entity and (ii) an entity other than a Subsidiary in which the Company and /or one or more Subsidiaries own a controlling interest. 

(c) “Applicable Laws” means all applicable laws, rules, regulations and requirements, including, but not limited to,
all applicable U.S. federal or state laws, any Stock Exchange rules or regulations, and the applicable laws, rules or regulations of any other country or jurisdiction where Options, Restricted Stock Units, or Restricted Stock are granted under the
Plan or Participants reside or provide services, as such laws, rules, and regulations shall be in effect from time to time. 
 (d)
“Award” means any award of an Option, Restricted Stock, or Restricted Stock Unit under the Plan. 
 (e)
“Board” means the Board of Directors of the Company. 
 (f) “California
Participant” means a Participant whose Award is issued in reliance on Section 25102(o) of the California Corporations Code. 

(g) “Cashless Exercise” means a program approved by the Administrator in which payment of the Option exercise
price or tax withholding obligations or other required deductions may be satisfied, in whole or in part, with Shares subject to the Option, including by delivery of an irrevocable direction to a securities broker (on a form prescribed by the
Company) to sell Shares and to deliver all or part of the sale proceeds to the Company in payment of such amount. 

  
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 (h) “Cause” for termination of a Participant’s Continuous
Service Status will exist (unless another definition is provided in an applicable Option Agreement, Restricted Stock Purchase Agreement, Restricted Stock Unit Award Agreement, employment agreement or other applicable written agreement) if the
Participant’s Continuous Service Status is terminated for any of the following reasons: (i) any material breach by Participant of any material written agreement between Participant and the Company and Participant’s failure to cure
such breach within 30 days after receiving written notice thereof; (ii) any failure by Participant to comply with the Company’s material written policies or rules as they may be in effect from time to time; (iii) neglect or persistent
unsatisfactory performance of Participant’s duties and Participant’s failure to cure such condition within 30 days after receiving written notice thereof; (iv) Participant’s repeated failure to follow reasonable and lawful
instructions from the Board or Chief Executive Officer and Participant’s failure to cure such condition within 30 days after receiving written notice thereof; (v) Participant’s conviction of, or plea of guilty or nolo contendre to,
any crime that results in, or is reasonably expected to result in, material harm to the business or reputation of the Company; (vi) Participant’s commission of or participation in an act of fraud against the Company;
(vii) Participant’s intentional material damage to the Company’s business, property or reputation; or (viii) Participant’s unauthorized use or disclosure of any proprietary information or trade secrets of the Company or any
other party to whom the Participant owes an obligation of nondisclosure as a result of his or her relationship with the Company. For purposes of clarity, a termination without “Cause” does not include any termination that occurs as a
result of Participant’s death or disability. The determination as to whether a Participant’s Continuous Service Status has been terminated for Cause shall be made in good faith by the Company and shall be final and binding on the
Participant. The foregoing definition does not in any way limit the Company’s ability to terminate a Participant’s employment or consulting relationship at any time, and the term “Company” will be interpreted to include any
Subsidiary, Parent, Affiliate, or any successor thereto, if appropriate. 
 (i) “Change of Control” means (i) a sale
of all or substantially all of the Company’s assets other than to an Excluded Entity (as defined below), (ii) a merger, consolidation or other capital reorganization or business combination transaction of the Company with or into another
corporation, limited liability company or other entity other than an Excluded Entity, or (iii) the consummation of a transaction, or series of related transactions, in which any “person” (as such term is used in Sections 13(d) and
14(d) of the Exchange Act) becomes the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of all of the Company’s then outstanding voting securities. 

Notwithstanding the foregoing, a transaction shall not constitute a Change of Control if its purpose is to (A) change the jurisdiction of the
Company’s incorporation, (B) create a holding company that will be owned in substantially the same proportions by the persons who hold the Company’s securities immediately before such transaction, or (C) obtain funding for the
Company in a financing that is approved by the Company’s Board. An “Excluded Entity” means a corporation or other entity of which the holders of voting capital stock of the Company outstanding immediately prior to such
transaction are the direct or indirect holders of voting securities representing at least a majority of the votes entitled to be cast by all of such corporation’s or other entity’s voting securities outstanding immediately after such
transaction. 
 (j) “Code” means the Internal Revenue Code of 1986, as amended. 

  
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 (k) “Committee” means one or more committees or subcommittees of
the Board consisting of two (2) or more management personnel or Directors (or such lesser or greater number of management personnel or Directors as shall constitute the minimum number permitted by Applicable Laws to establish a committee or
sub-committee of the Board) appointed by the Board to administer the Plan in accordance with Section 4 below. 
 (l) “Common
Stock” means the Company’s common stock, par value $0.00001 per share, as adjusted pursuant to Section 11 below. 

(m) “Company” means AppFormix Inc., a Delaware corporation. 

(n) “Consultant” means any person or entity, including an advisor but not an Employee, that renders, or has
rendered, services to the Company, or any Parent, Subsidiary or Affiliate and is compensated for such services, and any Director whether compensated for such services or not. 

(o) “Continuous Service Status” means the absence of any interruption or termination of service as an Employee
or Consultant. Continuous Service Status as an Employee or Consultant shall not be considered interrupted or terminated in the case of: (i) Company approved sick leave; (ii) military leave; (iii) any other bona fide leave of absence
approved by the Company, provided that, if an Employee is holding an Incentive Stock Option and such leave exceeds 3 months then, for purposes of Incentive Stock Option status only, such Employee’s service as an Employee shall be deemed
terminated on the 1st day following such 3-month period and the Incentive Stock Option shall thereafter automatically become a Nonstatutory Stock Option in accordance with Applicable Laws, unless reemployment upon the expiration of such leave is
guaranteed by contract or statute, or unless provided otherwise pursuant to a written Company policy. Also, Continuous Service Status as an Employee or Consultant shall not be considered interrupted or terminated in the case of a transfer between
locations of the Company or between the Company, its Parents, Subsidiaries or Affiliates, or their respective successors, or a change in status from an Employee to a Consultant or from a Consultant to an Employee. 

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

(q) “Disability” means “disability” within the meaning of Section 22(e)(3) of the Code. 

(r) “Employee” means any person employed by the Company, or any Parent, Subsidiary or Affiliate, with the
status of employment determined pursuant to such factors as are deemed appropriate by the Company in its sole discretion, subject to any requirements of Applicable Laws, including the Code. The payment by the Company of a director’s fee shall
not be sufficient to constitute “employment” of such director by the Company or any Parent, Subsidiary or Affiliate. 
 (s)
“Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 (t) “Fair Market
Value” means, as of any date, the per share fair market value of the Common Stock, as determined by the Administrator in good faith on such basis as it deems appropriate and applied consistently with respect to Participants.
Whenever possible, the determination of Fair Market Value shall be based upon the per share closing price for the Shares as reported in The Wall Street Journal for the applicable date. 

  
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 (u) “Family Members” means any child, stepchild, grandchild,
parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law (including adoptive relationships) of the Participant, any person sharing the
Participant’s household (other than a tenant or employee), a trust in which these persons (or the Participant) have more than 50% of the beneficial interest, a foundation in which these persons (or the Participant) control the management of
assets, and any other entity in which these persons (or the Participant) own more than 50% of the voting interests. 
 (v)
“Incentive Stock Option” means an Option intended to, and which does, in fact, qualify as an incentive stock option within the meaning of Section 422 of the Code. 

(w) “Involuntary Termination” means (unless another definition is provided in the applicable Option Agreement,
Restricted Stock Purchase Agreement, Restricted Stock Unit Award Agreement, employment agreement or other applicable written agreement) the termination of a Participant’s Continuous Service Status other than for (i) death,
(ii) Disability or (iii) for Cause by the Company or a Parent, Subsidiary, Affiliate or successor thereto, as appropriate. 
 (x)
“Listed Security” means any security of the Company that is listed or approved for listing on a national securities exchange or designated or approved for designation as a national market system security on an
interdealer quotation system by the Financial Industry Regulatory Authority (or any successor thereto). 
 (y) “Nonstatutory
Stock Option” means an Option that is not intended to, or does not, in fact, qualify as an Incentive Stock Option. 

(z) “Notice of Grant” means the notice that sets forth the individual terms of an Award to which the Award agreement
may be attached. 
 (aa) “Option” means a stock option granted pursuant to the Plan. 

(bb) “Option Agreement” means a written document, the form(s) of which shall be approved from time to time by
the Administrator, reflecting the terms of an Option granted under the Plan and includes any documents attached to or incorporated into such Option Agreement, including, but not limited to, a notice of stock option grant and a form of exercise
notice. 
 (cc) “Option Exchange Program” means a program approved by the Administrator whereby outstanding
Options (i) are exchanged for Options with a lower exercise price, Restricted Stock, cash or other property or (ii) are amended to decrease the exercise price as a result of a decline in the Fair Market Value. 

(dd) “Optioned Stock” means Shares that are subject to an Option or that were issued pursuant to the exercise
of an Option. 

  
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 (ee) “Optionee” means an Employee or Consultant who receives an
Option. 
 (ff) “Parent” means any corporation (other than the Company) in an unbroken chain of corporations
ending with the Company if, at the time of grant of the Award, each of the corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such
chain. A corporation that attains the status of a Parent on a date after the adoption of the Plan shall be considered a Parent commencing as of such date. 

(gg) “Participant” means any holder of one or more Awards or Shares issued pursuant to an Award. 

(hh) “Plan” means this Amended and Restated 2013 Stock Plan, as amended, November 29, 2016. 

(ii) “Restricted Stock” means Shares acquired pursuant to a right to purchase or receive Common Stock granted
pursuant to Section 9 below. 
 (jj) “Restricted Stock Unit” means a bookkeeping entry representing an
amount equal to the Fair Market Value of one share of Common Stock, granted pursuant to Section 8. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable
Restricted Stock Unit Award Agreement, and each holder of a Restricted Stock Unit shall have no rights other than those of a general creditor of the Company. 

(kk) “Restricted Stock Purchase Agreement” means a written document, the form(s) of which shall be approved
from time to time by the Administrator, reflecting the terms of Restricted Stock granted under the Plan and includes any documents attached to such agreement. 

(ll) “Restricted Stock Unit Award Agreement” means the written agreement entered into between the Company and a
Participant with respect to the purchase of Restricted Stock Units under the Plan. 
 (mm) “Rule 16b-3” means
Rule 16b-3 promulgated under the Exchange Act, as amended from time to time, or any successor provision. 
 (nn)
“Share” means a share of Common Stock, as adjusted in accordance with Section 11 below. 
 (oo)
“Stock Exchange” means any stock exchange or consolidated stock price reporting system on which prices for the Common Stock are quoted at any given time. 

(pp) “Subsidiary” means any corporation (other than the Company) in an unbroken chain of corporations beginning
with the Company if, at the time of grant of the Award, each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other
corporations in such chain. A corporation that attains the status of a Subsidiary on a date after the adoption of the Plan shall be considered a Subsidiary commencing as of such date. 

  
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 (qq) “Ten Percent Holder” means a person who owns stock
representing more than 10% of the voting power of all classes of stock of the Company or any Parent or Subsidiary measured as of an Award’s date of grant. 

3. Stock Subject to the Plan. Subject to the provisions of Section 11 below, the maximum aggregate number of Shares
that may be issued under the Plan is 8,000,000 Shares, all of which Shares may be issued under the Plan pursuant to Incentive Stock Options. The Shares issued under the Plan may be authorized, but unissued, or reacquired Shares. If an Award should
expire or become unexercisable for any reason without having been exercised in full, or is surrendered pursuant to an Option Exchange Program, the unissued Shares that were subject thereto shall, unless the Plan shall have been terminated, continue
to be available under the Plan for issuance pursuant to future Awards. In addition, any Shares which are retained by the Company upon exercise of an Award in order to satisfy the exercise or purchase price for such Award or any withholding taxes due
with respect to such Award shall be treated as not issued and shall continue to be available under the Plan for issuance pursuant to future Awards. Shares issued under the Plan and later forfeited to the Company due to the failure to vest or
repurchased by the Company at the original purchase price paid to the Company for the Shares (including, without limitation, upon forfeiture to or repurchase by the Company in connection with the termination of a Participant’s Continuous
Service Status) shall again be available for future grant under the Plan. Notwithstanding the foregoing, subject to the provisions of Section 11 below, in no event shall the maximum aggregate number of Shares that may be issued under the Plan
pursuant to Incentive Stock Options exceed the number set forth in the first sentence of this Section 3 plus, to the extent allowable under Section 422 of the Code and the Treasury Regulations promulgated there under, any Shares that again
become available for issuance pursuant to the remaining provisions of this Section 3. 
 4. Administration of the Plan.

 (a) General. The Plan shall be administered by the Board, a Committee appointed by the Board, or any combination thereof,
as determined by the Board. The Plan may be administered by different administrative bodies with respect to different classes of Participants and, if permitted by Applicable Laws, the Board may authorize one or more officers of the Company to make
Awards under the Plan to Employees and Consultants (who are not subject to Section 16 of the Exchange Act) within parameters specified by the Board. 

(b) Committee Composition. If a Committee has been appointed pursuant to this Section 4, such Committee shall continue to
serve in its designated capacity until otherwise directed by the Board. From time to time the Board may increase the size of any Committee and appoint additional members thereof, remove members (with or without cause) and appoint new members in
substitution therefor, fill vacancies (however caused) and dissolve a Committee and thereafter directly administer the Plan, all to the extent permitted by Applicable Laws and, in the case of a Committee administering the Plan in accordance with the
requirements of Rule 16b-3 or Section 162(m) of the Code, to the extent permitted or required by such provisions. 

  
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 (c) Powers of the Administrator. Subject to the provisions of
the Plan and, in the case of a Committee, the specific duties delegated by the Board to such Committee, the Administrator shall have the authority, in its sole discretion: 

(i) to determine the Fair Market Value in accordance with Section 2(t) above, provided that such determination shall be applied
consistently with respect to Participants under the Plan; 
 (ii) to select the Employees and Consultants to whom Awards may from time to
time be granted; 
 (iii) to determine the number of Shares to be covered by each Award; 

(iv) to approve the form(s) of agreement(s) and other related documents used under the Plan; 

(v) to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder, which terms and
conditions include but are not limited to the exercise or purchase price, the time or times when Awards may vest and/or be exercised (which may be based on performance criteria), the circumstances (if any) when vesting will be accelerated or
forfeiture restrictions will be waived, and any restriction or limitation regarding any Award, Optioned Stock, Restricted Stock, or Restricted Stock Unit; 

(vi) to amend any outstanding Award or agreement related to any Optioned Stock, Restricted Stock, or Restricted Stock Unit, including any
amendment adjusting vesting (e.g., in connection with a change in the terms or conditions under which such person is providing services to the Company), provided that no amendment shall be made that would materially and adversely affect the rights
of any Participant without his or her consent; 
 (vii) to determine whether and under what circumstances an Option may be settled in cash
under Section 7(c)(iii) below instead of Common Stock; 
 (viii) subject to Applicable Laws, to implement an Option Exchange Program
and establish the terms and conditions of such Option Exchange Program without consent of the holders of capital stock of the Company, provided that no amendment or adjustment to an Option that would materially and adversely affect the rights of any
Participant shall be made without his or her consent; 
 (ix) to approve addenda pursuant to Section 19 below or to grant Awards to,
or to modify the terms of, any outstanding Option Agreement, Restricted Stock Unit Award Agreement, or Restricted Stock Purchase Agreement or any agreement related to any Optioned Stock, Restricted Stock Unit, or Restricted Stock held by
Participants who are foreign nationals or employed outside of the United States with such terms and conditions as the Administrator deems necessary or appropriate to accommodate differences in local law, tax policy or custom which deviate from the
terms and conditions set forth in this Plan to the extent necessary or appropriate to accommodate such differences; 

  
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 (x) to construe and interpret the terms of the Plan, any Option Agreement, Restricted Stock Unit
Agreement, or Restricted Stock Purchase Agreement, and any agreement related to any Optioned Stock, Restricted Stock Unit, or Restricted Stock, which constructions, interpretations and decisions shall be final and binding on all Participants; and

 (xi) to the extent permitted by applicable law, the Administrator may, in its discretion, delegate to a committee comprised of two or
more management personnel the authority, without further approval of the Administrator, to exercise such powers under the Plan as the Administrator may determine. 

(d) Indemnification. To the maximum extent permitted by Applicable Laws, each member of the Committee (including officers
of the Company, if applicable), or of the Board, as applicable, shall be indemnified and held harmless by the Company against and from 

(i) any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by him or her in connection with or resulting from
any claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action taken or failure to act under the Plan or pursuant to the terms and conditions of any Award except for actions
taken in bad faith or failures to act in bad faith, and (ii) any and all amounts paid by him or her in settlement thereof, with the Company’s approval, or paid by him or her in satisfaction of any judgment in any such claim, action, suit,
or proceeding against him or her, provided that such member shall give the Company an opportunity, at its own expense, to handle and defend any such claim, action, suit or proceeding before he or she undertakes to handle and defend it on his or her
own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company’s Certificate of Incorporation or Bylaws, by contract, as a matter of law,
or otherwise, or under any other power that the Company may have to indemnify or hold harmless each such person. 
 5.
Eligibility. 
 (a) Recipients of Grants. Nonstatutory Stock Options, Restricted Stock Units, and Restricted
Stock may be granted to Employees and Consultants. Incentive Stock Options may be granted only to Employees, provided that Employees of Affiliates shall not be eligible to receive Incentive Stock Options. 

(b) Type of Option. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a
Nonstatutory Stock Option. 
 (c) ISO $100,000 Limitation. Notwithstanding any designation under Section 5(b) above, to
the extent that the aggregate Fair Market Value of Shares with respect to which options designated as incentive stock options are exercisable for the first time by any Optionee during any calendar year (under all plans of the Company or any Parent
or Subsidiary) exceeds $100,000, such excess options shall be treated as nonstatutory stock options. For purposes of this Section 5(c), incentive stock options shall be taken into account in the order in which they were granted, and the Fair
Market Value of the Shares subject to an incentive stock option shall be determined as of the date of the grant of such option. 

  
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 (d) No Employment Rights. Neither the Plan nor any Award shall confer upon
any Employee or Consultant any right with respect to continuation of an employment or consulting relationship with the Company (any Parent, Subsidiary or Affiliate), nor shall it interfere in any way with such Employee’s or Consultant’s
right or the Company’s (Parent’s, Subsidiary’s or Affiliate’s) right to terminate his or her employment or consulting relationship at any time, with or without cause. 

6. Term of Plan. The Plan shall become effective upon its adoption by the Board and shall continue in effect for a term of 10
years unless sooner terminated under Section 15 below. 
 7. Options. 

(a) Term of Option. The term of each Option shall be the term stated in the Option Agreement; provided that
the term shall be no more than 10 years from the date of grant thereof or such shorter term as may be provided in the Option Agreement and provided further that, in the case of an Incentive Stock Option granted to a person who at the time of such
grant is a Ten Percent Holder, the term of the Option shall be 5 years from the date of grant thereof or such shorter term as may be provided in the Option Agreement. 

(b) Option Exercise Price and Consideration. 

(i) Exercise Price. The per Share exercise price for the Shares to be issued pursuant to the exercise of an Option shall be
such price as is determined by the Administrator and set forth in the Option Agreement, but shall be subject to the following: 
 (1) In
the case of an Incentive Stock Option 
 a. granted to an Employee who at the time of grant is a Ten Percent Holder, the per Share exercise
price shall be no less than 110% of the Fair Market Value on the date of grant; 
 b. granted to any other Employee, the per Share exercise
price shall be no less than 100% of the Fair Market Value on the date of grant; 
 (2) Except as provided in subsection (3) below, in
the case of a Nonstatutory Stock Option the per Share exercise price shall be such price as is determined by the Administrator, provided that, if the per Share exercise price is less than 100% of the Fair Market Value on the date of grant, it shall
otherwise comply with all Applicable Laws, including Section 409A of the Code; and 
 (3) Notwithstanding the foregoing, Options may
be granted with a per Share exercise price other than as required above pursuant to a merger or other corporate transaction. 
 (ii)
Permissible Consideration. The consideration to be paid for the Shares to be issued upon exercise of an Option, including the method of payment, shall be determined by the Administrator (and, in the case of an Incentive Stock Option
and to the extent 

  
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required by Applicable Laws, shall be determined at the time of grant) and may consist entirely of (1) cash; (2) check; (3) to the extent permitted under, and in accordance with,
Applicable Laws, delivery of a promissory note with such recourse, interest, security and redemption provisions as the Administrator determines to be appropriate (subject to the provisions of Section 152 of the General Corporation Law);
(4) cancellation of indebtedness; (5) other previously owned Shares that have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which the Option is exercised; (6) a Cashless
Exercise; (7) such other consideration and method of payment permitted under Applicable Laws; or (8) any combination of the foregoing methods of payment. In making its determination as to the type of consideration to accept, the
Administrator shall consider if acceptance of such consideration may be reasonably expected to benefit the Company and the Administrator may, in its sole discretion, refuse to accept a particular form of consideration at the time of any Option
exercise. 
 (c) Exercise of Option. 

(i) General. 

(1) Exercisability. Any Option granted hereunder shall be exercisable at such times and under such conditions as determined by
the Administrator, consistent with the terms of the Plan and reflected in the Option Agreement, including vesting requirements and/or performance criteria with respect to the Company, and Parent, Subsidiary or Affiliate, and/or the Optionee. 

(2) Leave of Absence. The Administrator shall have the discretion to determine whether and to what extent
the vesting of Options shall be tolled during any leave of absence; provided, however, that in the absence of such determination, vesting of Options shall continue during any paid leave and shall be tolled during any unpaid leave (unless otherwise
required by Applicable Laws). Notwithstanding the foregoing, in the event of military leave, vesting shall toll during any unpaid portion of such leave, provided that, upon an Optionee’s returning from military leave (under conditions that
would entitle him or her to protection upon such return under the Uniform Services Employment and Reemployment Rights Act), he or she shall be given vesting credit with respect to Options to the same extent as would have applied had the Optionee
continued to provide services to the Company (or any Parent, Subsidiary or Affiliate, if applicable) throughout the leave on the same terms as he or she was providing services immediately prior to such leave. 

(3) Minimum Exercise Requirements. An Option may not be exercised for a fraction of a Share. The
Administrator may require that an Option be exercised as to a minimum number of Shares, provided that such requirement shall not prevent an Optionee from exercising the full number of Shares as to which the Option is then exercisable. 

(4) Procedures for and Results of Exercise. An Option shall be deemed exercised when written notice of
such exercise has been received by the Company in accordance with the terms of the Option Agreement by the person entitled to exercise the Option and the Company has received full payment for the Shares with respect to which the Option is exercised
and has paid, or made arrangements to satisfy, any applicable taxes, withholding, 

  
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required deductions or other required payments in accordance with Section 10 below. The exercise of an Option shall result in a decrease in the number of Shares that thereafter may be
available, both for purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised. 
 (5)
Rights as Holder of Capital Stock. Until the issuance of the Shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any
other rights as a holder of capital stock shall exist with respect to the Optioned Stock, notwithstanding the exercise of the Option. No adjustment will be made for a dividend or other right for which the record date is prior to the date the stock
is issued, except as provided in Section 11 below. 
 (ii) Termination of Continuous Service Status. The Administrator
shall establish and set forth in the applicable Option Agreement the terms and conditions upon which an Option shall remain exercisable, if at all, following termination of an Optionee’s Continuous Service Status, which provisions may be waived
or modified by the Administrator at any time. To the extent that an Option Agreement does not specify the terms and conditions upon which an Option shall terminate upon termination of an Optionee’s Continuous Service Status, the following
provisions shall apply: 
 (1) General Provisions. If the Optionee (or other person entitled to exercise the Option) does not
exercise the Option to the extent so entitled within the time specified below, the Option shall terminate and the Optioned Stock underlying the unexercised portion of the Option shall revert to the Plan. In no event may any Option be exercised after
the expiration of the Option term as set forth in the Option Agreement (and subject to this Section 7). 
 (2) Termination other than
Upon Disability or Death or for Cause. In the event of termination of an Optionee’s Continuous Service Status other than under the circumstances set forth in the subsections (3) through (5) below, such Optionee may exercise
any outstanding Option at any time within 3 months following such termination to the extent the Optionee is vested in the Optioned Stock. 

(3) Disability of Optionee. In the event of termination of an Optionee’s Continuous Service Status as a result of his or
her Disability, such Optionee may exercise any outstanding Option at any time within 12 months following such termination to the extent the Optionee is vested in the Optioned Stock. 

(4) Death of Optionee. In the event of the death of an Optionee during the period of Continuous Service Status since the date
of grant of any outstanding Option, or within 3 months following termination of the Optionee’s Continuous Service Status, the Option may be exercised by any beneficiaries designated in accordance with Section 17 below, or if there are no
such beneficiaries, by the Optionee’s estate, or by a person who acquired the right to exercise the Option by bequest or inheritance, at any time within 12 months following the date the Optionee’s Continuous Service Status terminated, but
only to the extent the Optionee is vested in the Optioned Stock. 

  
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 (5) Termination for Cause. In the event of termination of an Optionee’s
Continuous Service Status for Cause, any outstanding Option (including any vested portion thereof) held by such Optionee shall immediately terminate in its entirety upon first notification to the Optionee of termination of the Optionee’s
Continuous Service Status for Cause. If an Optionee’s Continuous Service Status is suspended pending an investigation of whether the Optionee’s Continuous Service Status will be terminated for Cause, all the Optionee’s rights under
any Option, including the right to exercise the Option, shall be suspended during the investigation period. Nothing in this Section 7(c)(ii)(5) shall in any way limit the Company’s right to purchase unvested Shares issued upon exercise of
an Option as set forth in the applicable Option Agreement. 
 (iii) Buyout Provisions. The Administrator may at any time
offer to buy out for a payment in cash or Shares an Option previously granted under the Plan based on such terms and conditions as the Administrator shall establish and communicate to the Optionee at the time that such offer is made. 

8. Restricted Stock Units. 

(a) Grant of Restricted Stock Units. Restricted Stock Units may be granted at any time and from time to time as determined by
the Administrator. After the Administrator determines that it will grant Restricted Stock Units under the Plan, it shall advise the Participant in writing or electronically of the terms, conditions, and restrictions related to the grant, including
the number of Restricted Stock Units and the form of payout, which may be left to the discretion of the Administrator. Until the shares of Common Stock are issued, no right to vote or receive dividends or any other rights as a stockholder shall
exist with respect to the Restricted Stock Unit to acquire Shares. 
 (b) Vesting Criteria and Other Terms. The Administrator
shall set vesting criteria in its discretion, which, depending on the extent to which the criteria are met, will determine the number of Restricted Stock Units that will be paid out to the Participant. The Administrator may set vesting criteria
based upon the achievement of Company-wide, business unit, or individual goals (including, but not limited to, continued employment), or any other basis determined by the Administrator in its discretion. 

(c) Earning Restricted Stock Units. Upon meeting the applicable vesting criteria, the Participant shall be entitled to receive a
payout as specified in his or her Restricted Stock Unit Award Agreement. Notwithstanding the foregoing, at any time after the grant of Restricted Stock Units, the Administrator, in its sole discretion, may reduce or waive any vesting criteria that
must be met to receive a payout. 
 (d) Form and Timing. Payment of earned Restricted Stock Units shall be made as soon as
practicable after the date(s) set forth in the Restricted Stock Unit Award Agreement. The Administrator, in its sole discretion, but only as specified in the Award Agreement, may pay earned Restricted Stock Units in cash, shares of Common Stock, or
a combination thereof. If the Award Agreement is silent as to the form of payment, payment of the Restricted Stock Units may only be in shares of Common Stock; provided that any fractional share may be paid in cash. 

  
 -13- 

 (e) Cancellation. Any Restricted Stock Units that do not vest pursuant to the terms
and conditions set forth in a Participant’s Restricted Stock Unit Agreement shall immediately revert to the Plan. 
 (f)
Compliance with Code Section 409A. Notwithstanding anything in this Section 8 to the contrary, all Restricted Stock Unit Awards are intended to be structured to satisfy the requirements of Code Section 409A, or an
applicable exemption, as determined by the Administrator. 
 9. Restricted Stock. 

(a) Rights to Purchase. When a right to purchase or receive Restricted Stock is granted under the Plan, the Company shall advise
the recipient in writing of the terms, conditions and restrictions related to the offer, including the number of Shares that such person shall be entitled to purchase, the price to be paid, if any (which shall be as determined by the Administrator,
subject to Applicable Laws, including any applicable securities laws), and the time within which such person must accept such offer. The permissible consideration for Restricted Stock shall be determined by the Administrator and shall be the same as
is set forth in Section 7(b)(ii) above with respect to exercise of Options. The offer to purchase Shares shall be accepted by execution of a Restricted Stock Purchase Agreement in the form determined by the Administrator. 

(b) Repurchase Option. 

(i) General. Unless the Administrator determines otherwise, the Restricted Stock Purchase Agreement shall grant the Company a
repurchase option exercisable upon the voluntary or involuntary termination of the Participant’s Continuous Service Status for any reason (including death or Disability) at a purchase price for Shares equal to the original purchase price paid
by the purchaser to the Company for such Shares and may be paid by cancellation of any indebtedness of the purchaser to the Company. The repurchase option shall lapse at such rate as the Administrator may determine. 

(ii) Leave of Absence. The Administrator shall have the discretion to determine whether and to what extent the lapsing of
Company repurchase rights shall continue during any paid leave and shall be tolled during any unpaid leave of absence; provided, however, that in the absence of such determination, such lapsing shall be tolled during any leave (unless otherwise
required by Applicable Laws). Notwithstanding the foregoing, in the event of military leave, the lapsing of Company repurchase rights shall toll during any unpaid portion of such leave, provided that, upon a Participant’s returning from
military leave (under conditions that would entitle him or her to protection upon such return under the Uniform Services Employment and Reemployment Rights Act), he or she shall be given vesting credit with respect to Shares purchased pursuant to
the Restricted Stock Purchase Agreement to the same extent as would have applied had the Participant continued to provide services to the Company (or any Parent, Subsidiary or Affiliate, if applicable) throughout the leave on the same terms as he or
she was providing services immediately prior to such leave. 

  
 -14- 

 (c) Other Provisions. The Restricted Stock Purchase Agreement shall contain
such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator in its sole discretion. In addition, the provisions of Restricted Stock Purchase Agreements need not be the same with respect to
each Participant. 
 (d) Rights as a Holder of Capital Stock. Once the Restricted Stock is purchased, the
Participant shall have the rights equivalent to those of a holder of capital stock, and shall be a record holder when his or her purchase and the issuance of the Shares is entered upon the records of the duly authorized transfer agent of the
Company. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Restricted Stock is purchased, except as provided in Section 11 below. 

10. Taxes. 
 (a)
As a condition of the grant, vesting and exercise of an Award, the Participant (or in the case of the Participant’s death or a permitted transferee, the person holding or exercising the Award) shall make such arrangements as the Administrator
may require for the satisfaction of any applicable U.S. federal, state, local or foreign tax, withholding, and any other required deductions or payments that may arise in connection with such Award. The Company shall not be required to issue any
Shares under the Plan until such obligations are satisfied. 
 (b) The Administrator may, to the extent permitted under Applicable Laws,
permit a Participant (or in the case of the Participant’s death or a permitted transferee, the person holding or exercising the Award) to satisfy all or part of his or her tax, withholding, or any other required deductions or payments by
Cashless Exercise or by surrendering Shares (either directly or by stock attestation) that he or she previously acquired; provided that, unless specifically permitted by the Company, any such Cashless Exercise must be an approved broker-assisted
Cashless Exercise or the Shares withheld in the Cashless Exercise must be limited to avoid financial accounting charges under applicable accounting guidance and any such surrendered Shares must have been previously held for any minimum duration
required to avoid financial accounting charges under applicable accounting guidance. Any payment of taxes by surrendering Shares to the Company may be subject to restrictions, including, but not limited to, any restrictions required by rules of the
Securities and Exchange Commission. 
 11. Adjustments Upon Changes in Capitalization, Merger or Certain Other Transactions.

 (a) Changes in Capitalization. Subject to any action required under Applicable Laws by the holders of capital stock
of the Company, (i) the numbers and class of Shares or other stock or securities: (x) available for future Awards under Section 3 above and (y) covered by each outstanding Award, (ii) the exercise price per Share of each
such outstanding Option, and (iii) any repurchase price per Share applicable to Shares issued pursuant to any Award, shall be automatically proportionately adjusted in the event of a stock split, reverse stock split, stock dividend,
combination, consolidation, reclassification of the Shares or subdivision of the Shares. In the event of any increase or decrease in the number of issued Shares effected without receipt of consideration by the Company, a declaration of an
extraordinary dividend with respect to the Shares payable in a form other than Shares in an amount that has a material effect  

  
 -15- 

 
on the Fair Market Value, a recapitalization (including a recapitalization through a large nonrecurring cash dividend), a rights offering, a reorganization, merger, a spin-off, split-up, change
in corporate structure or a similar occurrence, the Administrator shall make appropriate adjustments, in its discretion, in one or more of (i) the numbers and class of Shares or other stock or securities: (x) available for future Awards
under Section 3 above and (y) covered by each outstanding Award, (ii) the exercise price per Share of each outstanding Option and (iii) any repurchase price per Share applicable to Shares issued pursuant to any Award, and any
such adjustment by the Administrator shall be made in the Administrator’s sole and absolute discretion and shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the Company of shares of stock of any class,
or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of Shares subject to an Award. If, by reason of a transaction described in this
Section 11(a) or an adjustment pursuant to this Section 11(a), a Participant’s Award agreement or agreement related to any Optioned Stock, Restricted Stock Unit, or Restricted Stock covers additional or different shares of stock or
securities, then such additional or different shares, and the Award agreement or agreement related to the Optioned Stock, Restricted Stock Unit, or Restricted Stock in respect thereof, shall be subject to all of the terms, conditions and
restrictions which were applicable to the Award, Optioned Stock, Restricted Stock Unit, and Restricted Stock prior to such adjustment. 

(b) Dissolution or Liquidation. In the event of the dissolution or liquidation of the Company, each Award will terminate
immediately prior to the consummation of such action, unless otherwise determined by the Administrator. 
 (c) Corporate
Transactions. In the event of (i) a transfer of all or substantially all of the Company’s assets, (ii) a merger, consolidation or other capital reorganization or business combination transaction of the Company with or into
another corporation, entity or person, or (iii) the consummation of a transaction, or series of related transactions, in which any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the
“beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of more than 50% of the Company’s then outstanding capital stock (a “Corporate Transaction”), each outstanding Award (vested
or unvested) will be treated as the Administrator determines, which determination may be made without the consent of any Participant and need not treat all outstanding Awards (or portion thereof) in an identical manner. Such determination, without
the consent of any Participant, may provide (without limitation) for one or more of the following in the event of a Corporate Transaction: (A) the continuation of such outstanding Awards by the Company (if the Company is the surviving
corporation); (B) the assumption of such outstanding Awards by the surviving corporation or its parent; (C) the substitution by the surviving corporation or its parent of new options or equity awards for such Awards; (D) the
cancellation of such Awards in exchange for a payment to the Participants equal to the excess of (1) the Fair Market Value of the Shares subject to such Awards as of the closing date of such Corporate Transaction over (2) the exercise
price or purchase price paid or to be paid for the Shares subject to the Awards; or (E) the cancellation of any outstanding Options, Restricted Stock Units, or an outstanding right to purchase Restricted Stock, in either case, for no
consideration. For the avoidance of any doubt, outstanding Restricted Stock Units shall terminate and be cancelled for no consideration upon consummation of a Change of Control except to the extent that the Restricted Stock Units are assumed by the
successor entity (or parent or subsidiary thereof) pursuant to the terms of the agreement governing the Change of Control transaction. 

  
 -16- 

 12. Non-Transferability of Awards. 

(a) General. Except as set forth in this Section 12, Awards may not be sold, pledged, assigned, hypothecated,
transferred or disposed of in any manner other than by will or by the laws of descent or distribution. The designation of a beneficiary by a Participant will not constitute a transfer. An Option may be exercised, during the lifetime of the holder of
the Option, only by such holder or a transferee permitted by this Section 12. 
 (b) Limited Transferability
Rights. Notwithstanding anything else in this Section 12, the Administrator may in its sole discretion provide that any Nonstatutory Stock Options may be transferred by instrument to an inter vivos or testamentary trust in which the
Options are to be passed to beneficiaries upon the death of the trustor (settlor) or by gift to Family Members. Further, beginning with (i) the period when the Company begins to rely on the exemption described in Rule 12h-1(f)(1) promulgated
under the Exchange Act, as determined by the Board in its sole discretion, and (ii) ending on the earlier of (A) the date when the Company ceases to rely on such exemption, as determined by the Board in its sole discretion, or (B) the
date when the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, an Option, or prior to exercise, the Shares subject to the Option, may not be pledged, hypothecated or otherwise transferred or
disposed of, in any manner, including by entering into any short position, any “put equivalent position” or any “call equivalent position” (as defined in Rule 16a-1(h) and Rule 16a-1(b) of the Exchange Act, respectively), other
than to (i) persons who are Family Members through gifts or domestic relations orders, or (ii) to an executor or guardian of the Participant upon the death or disability of the Participant. Notwithstanding the foregoing sentence, the
Board, in its sole discretion, may permit transfers of Nonstatutory Stock Options to the Company or in connection with a Change of Control or other acquisition transactions involving the Company to the extent permitted by Rule 12h-1(f). 

13. Non-Transferability of Stock Underlying Awards. 

(a) General. Notwithstanding anything to the contrary, no stockholder shall transfer, whether by sale, gift or otherwise,
any Shares acquired from any Award (including, without limitation, Shares acquired upon exercise of an Option) to any person or entity unless such transfer is approved by the Company prior to such transfer, which approval may be granted or withheld
in the Company’s sole and absolute discretion. Any purported transfer effected in violation of this Section 13 shall be null and void and shall have no force or effect and the Company shall not be required (i) to transfer on its books
any Shares that have been sold or otherwise transferred in violation of any of the provisions of the Plan or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such
Shares shall have been so transferred. 
 (b) Approval Process. Any stockholder seeking the approval of the
Board to transfer some or all of its Shares shall give written notice thereof to the Secretary of the Company and such request for transfer shall be subject to such right of first refusal, transfer provisions and any other terms and conditions as
may be set forth in the applicable Option Agreement, Restricted Stock Unit Award Agreement, Restricted Stock Purchase Agreement or other applicable written agreement. 

  
 -17- 

 14. Time of Granting Awards. The date of grant of an Award shall, for all
purposes, be the date on which the Administrator makes the determination granting such Award, or such other date as is determined by the Administrator. 

15. Amendment and Termination of the Plan. The Board may at any time amend or terminate the Plan, but no amendment or
termination shall be made that would materially and adversely affect the rights of any Participant under any outstanding Award, without his or her consent. In addition, to the extent necessary and desirable to comply with Applicable Laws, the
Company shall obtain the approval of holders of capital stock with respect to any Plan amendment in such a manner and to such a degree as required. 

16. Conditions Upon Issuance of Shares. Notwithstanding any other provision of the Plan or any agreement entered into by
the Company pursuant to the Plan, the Company shall not be obligated, and shall have no liability for failure, to issue or deliver any Shares under the Plan unless such issuance or delivery would comply with Applicable Laws, with such compliance
determined by the Company in consultation with its legal counsel. As a condition to the exercise of any Option, settlement of any Restricted Stock Unit award, or purchase of any Restricted Stock, the Company may require the person who would receive
Shares upon settlement of his or her Restricted Stock Unit award, exercising the Option or purchasing the Restricted Stock to represent and warrant at the time of any such exercise or purchase that the Shares are being received or purchased only for
investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is advisable or required by Applicable Laws. Shares issued upon settlement of a Restricted Stock Unit
award, exercise of Options, or purchase of Restricted Stock prior to the date, if ever, on which the Common Stock becomes a Listed Security shall be subject to a right of first refusal in favor of the Company pursuant to which the Participant will
be required to offer Shares to the Company before selling or transferring them to any third party on such terms and subject to such conditions as is reflected in the applicable Option Agreement or Restricted Stock Purchase Agreement. 

17. Beneficiaries. If permitted by the Company, a Participant may designate one or more beneficiaries with respect to an
Award by timely filing the prescribed form with the Company. A beneficiary designation may be changed by filing the prescribed form with the Company at any time before the Participant’s death. Except as otherwise provided in an Award Agreement,
if no beneficiary was designated or if no designated beneficiary survives the Participant, then after a Participant’s death any vested Award(s) shall be transferred or distributed to the Participant’s estate or to any person who has the
right to acquire the Award by bequest or inheritance. 
 18. Approval of Holders of Capital Stock. If required
by Applicable Laws, continuance of the Plan shall be subject to approval by the holders of capital stock of the Company within 12 months before or after the date the Plan is adopted or, to the extent required by Applicable Laws, any date the Plan is
amended. Such approval shall be obtained in the manner and to the degree required under Applicable Laws. 

  
 -18- 

 19. Addenda. The Administrator may approve such addenda to the Plan as it
may consider necessary or appropriate for the purpose of granting Awards to Employees or Consultants, which Awards may contain such terms and conditions as the Administrator deems necessary or appropriate to accommodate differences in local law, tax
policy or custom, which may deviate from the terms and conditions set forth in this Plan. The terms of any such addenda shall supersede the terms of the Plan to the extent necessary to accommodate such differences but shall not otherwise affect the
terms of the Plan as in effect for any other purpose. 
 20. Information to Holders of Options. In the event the
Company is relying on the exemption provided by Rule 12h-1(f) under the Exchange Act, the Company shall provide the information described in Rule 701(e)(3), (4) and (5) of the Securities Act of 1933, as amended, to all holders of Options
in accordance with the requirements thereunder until such time as the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act. The Company may request that holders of Options agree to keep the
information to be provided pursuant to this Section confidential. If the holder does not agree to keep the information to be provided pursuant to this Section confidential, then the Company will not be required to provide the information unless
otherwise required pursuant to Rule 12h-1(f)(1) of the Exchange Act. 

  
 -19- 

 ADDENDUM A 

Amended and Restated 2013 Stock Plan 

(California Participants) 

Prior to the date, if ever, on which the Common Stock becomes a Listed Security and/or the Company is subject to the reporting requirements of
the Exchange Act, the terms set forth herein shall apply to Awards issued to California Participants. All capitalized terms used herein but not otherwise defined shall have the respective meanings set forth in the Plan. 

1. The following rules shall apply to any Option in the event of termination of the Participant’s Continuous Service Status: 

(a) If such termination was for reasons other than death, “Permanent Disability” (as defined below), or Cause, the Participant shall
have at least 30 days after the date of such termination to exercise his or her Option to the extent the Participant is entitled to exercise on his or her termination date, provided that in no event shall the Option be exercisable after the
expiration of the term as set forth in the Option Agreement. 
 (b) If such termination was due to death or Permanent Disability, the
Participant shall have at least 6 months after the date of such termination to exercise his or her Option to the extent the Participant is entitled to exercise on his or her termination date, provided that in no event shall the Option be exercisable
after the expiration of the term as set forth in the Option Agreement. 
 “Permanent Disability” for purposes of this Addendum shall mean
the inability of the Participant, in the opinion of a qualified physician acceptable to the Company, to perform the major duties of the Participant’s position with the Company or any Parent or Subsidiary because of the sickness or injury of the
Participant. 
 2. Notwithstanding anything to the contrary in Section 11(a) of the Plan, the Administrator shall in any event make
such adjustments as may be required by Section 25102(o) of the California Corporations Code. 
 3. Notwithstanding anything stated
herein to the contrary, no Option shall be exercisable on or after the 10th anniversary of the date of grant and any Award agreement shall terminate on or before the 10th anniversary of the date of grant. 

4. The Company shall furnish summary financial information (audited or unaudited) of the Company’s financial condition and results of
operations, consistent with the requirements of Applicable Laws, at least annually to each California Participant during the period such Participant has one or more Awards outstanding, and in the case of an individual who acquired Shares pursuant to
the Plan, during the period such Participant owns such Shares; provided, however, the Company shall not be required to provide such information if (i) the issuance is limited to key persons whose duties in connection with the Company assure
their access to equivalent information or (ii) the Plan or any agreement complies with all conditions of Rule 701 of the Securities Act of 1933, as amended; provided that for purposes of determining such compliance, any registered domestic
partner shall be considered a “family member” as that term is defined in Rule 701. 

  
 -20-Inducement Option Award Agreement

 Exhibit 10.1 

STEIN MART, INC. 

INDUCEMENT OPTION AWARD AGREEMENT FOR MARYANNE MORIN 

THIS INDUCEMENT OPTION AWARD AGREEMENT FOR MARYANNE MORIN (the “Award Agreement”) is made and entered into as of the
date first set forth on the signature page hereof (the “Grant Date”) by and between STEIN MART, INC., a Florida corporation (the “Company”), and MaryAnne Morin (the “Key Employee”).

 W I T N E S S E T H 

WHEREAS, the Option to purchase Shares of the Company reflected by this Award Agreement is being granted as an “inducement”
award under NASDAQ Marketplace Rule 5635(c)(4) and, accordingly, such Option award is granted outside of the Company’s existing equity compensation plans; 

WHEREAS, the Key Employee is a newly hired executive officer of the Company who will render valuable services to the Company in her new
role as President and Chief Merchandising Officer of the Company pursuant to the terms of that certain employment agreement between the Key Employee and the Company (the “Employment Agreement”); 

WHEREAS, the Company has adopted the Stein Mart, Inc. 2001 Omnibus Plan, as amended and restated effective June 21, 2016 (the
“Plan”), and while the Award Agreement is being issued as an inducement grant outside of the Company’s existing equity compensation plans, this Award Agreement shall be interpreted in accordance with the terms of the Plan and
the Employment Agreement, as applicable, and, in the event of a conflict between the terms of the Plan and the Employment Agreement, the terms of the Employment Agreement shall prevail; 

WHEREAS, the Compensation Committee of the Board of the Company has approved this Award Agreement as an “inducement” grant;
and 
 WHEREAS, capitalized terms used and not otherwise defined herein shall have the meanings set forth in the Plan and, for
convenience, certain definitions in the Plan and certain additional definitions relating to this Award Agreement are included in Appendix A hereto. 

NOW, THEREFORE, in consideration of the premises and of the covenants and agreements herein set forth, the parties hereto hereby
mutually covenant and agree as follows: 
 1. Option Grant. 

(a) Subject to the terms and conditions set forth herein, the Company hereby grants to the Key Employee an option (the
“Option”) to purchase from the Company all or any part of the aggregate number of Shares (hereinafter referred to as the “Option Stock”) set forth on the signature page hereof, at the exercise price per Share set
forth on the signature page hereof. The Option may not be exercised prior to the Initial Exercise Date set forth on the signature page hereof or after the Expiration Date set forth thereon, except that, other than as provided in

  
 1 

 
Section 3 herein, the Option shall not be exercisable after the termination of the Key Employee’s employment with the Company and all Affiliates. A leave of absence by the Key Employee
in accordance with the provisions applicable to a leave of absence contained in the definition of “Termination Date” in the Employment Agreement shall not be considered a termination of employment. The Option may be exercised in whole or
in part (but any exercise shall be for whole Shares) by notice in writing to the Company. The aggregate exercise price for the Shares for which the Option is exercised shall be paid to the Company at the time of exercise (i) in cash,
(ii) by delivery of Shares registered in the name of the Key Employee, (iii) by reduction in the number of Shares of Option Stock otherwise deliverable upon exercise of such Option with a Fair Market Value equal to the aggregate exercise
price or (iv) by any combination of the foregoing methods. The approval of the Board is required in order for Shares held by the Key Employee for fewer than six months prior to the date of exercise to be used in payment of the exercise price of
the Option. The Option shall not be an “incentive stock option” for purposes of Section 422 of the Code. 
 (b) If the
exercise price is paid wholly or partly in Shares registered in the name of the Key Employee or by reduction in the number of Shares of Option Stock otherwise deliverable upon exercise of the Option, any Shares tendered in payment thereof shall be
free of all liens, encumbrances and adverse claims and duly endorsed in blank by the Key Employee or accompanied by stock powers duly endorsed in blank. Shares tendered or withheld shall be valued at Fair Market Value on the date on which the Option
is exercised. 
 2. Nontransferability of Option. Except as may be approved in advance by the Board or the Committee, the
Option is not transferable other than by will or by the laws of descent and distribution. The Option may be exercised during the life of the Key Employee only by the Key Employee or, if permissible under applicable law, by the Key Employee’s
guardian or legal representative. This Option may not be pledged, alienated, attached, or otherwise encumbered, and any purported pledge, alienation, attachment, or encumbrance thereof shall be void and unenforceable against the Company or any
Affiliate of the Company. 
 3. Exercise of Option. 

(a) Except as provided herein, the Option shall be exercisable only prior to the Expiration Date and then only as set forth in the following
table: 
  

					
	 Years From Grant Date
	  	Cumulative Percentage
of Shares of Option Stock
Which Vest & Are Exercisable	 
	 1st Anniversary
	  	 	20	% 
	 2nd Anniversary
	  	 	40	% 
	 3rd Anniversary
	  	 	60	% 
	 4th Anniversary
	  	 	80	% 
	 5th Anniversary
	  	 	100	% 

  
 2 

 (b) Termination for Reasons Other than Cause, Death, Disability or Retirement. If the Key
Employee’s employment with the Company or any Affiliate is terminated for any reason other than Cause (as defined in Appendix A), death, Disability (as defined in Appendix A) or retirement on or after age 62, the Key Employee may exercise the
portion of the Option that is vested and exercisable as of the Key Employee’s Termination Date, but only within such period of time ending on the earlier of (i) the date that is three (3) months following the Key Employee’s
Termination Date or (ii) the Expiration Date. 
 (c) Termination for Cause. If the Key Employee’s employment is terminated
for Cause, the Option (whether vested or unvested) shall immediately terminate and cease to be exercisable. 
 (d) Termination due to
Retirement. If the Key Employee’s employment is terminated as a result of the Key Employee’s retirement on or after the Key Employee’s 62nd birthday, then the Option shall become immediately vested and exercisable with respect to 100% of the Shares subject to the Option. The Key Employee may exercise the Option, but only within such
period of time ending on the earlier of (i) the date that is 12 months following the Key Employee’s Termination Date or (ii) the Expiration Date. 

(e) Termination due to Death or Disability. If the Key Employee’s employment is terminated as a result of the Key Employee’s
death or Disability, then the Key Employee (or the Key Employee’s Beneficiary, as defined below) shall have the right to exercise, in whole or in part, that portion of the Option that was vested and exercisable on the Key Employee’s
Termination Date, but only within such period of time ending on the earlier of (i) the date that is 12 months following the Key Employee’s Termination Date or (ii) the Expiration Date. The value of any Options that were not vested and
exercisable on the Key Employee’s Termination Date shall be paid to the Key Employee (or the Key Employee’s estate) in the manner set forth in Sections 5(d) and (e) of the Employment Agreement. 

(f) Acceleration of Options on Change in Control. In the event of a Change in Control (as defined in Appendix A), vesting under this
Option shall automatically accelerate so that, immediately prior to the effective date of the Change in Control, but subject to the occurrence of the Change in Control (or, in the case where the Change in Control results from sales of capital stock
by shareholders, immediately following such Change in Control), this Option shall become exercisable with respect to the total number of Shares of Option Stock at the time subject to this Option and may be exercised for any or all of those Shares of
Option Stock. 
 4. Beneficiary. 

(a) The person designated as beneficiary by the Key Employee or any successor beneficiary designated by the Key Employee in accordance
herewith (the person who is the Key Employee’s beneficiary at the time of his death herein referred to as the “Beneficiary”) shall be entitled to exercise the Option, to the extent it is exercisable, after the death of the Key

  
 3 

 
Employee. The Key Employee may from time to time revoke or change his or her Beneficiary without the consent of any prior Beneficiary by filing a new designation with the Committee. The last such
designation received by the Committee shall be controlling; provided, however, that no designation, or change or revocation thereof, shall be effective unless received by the Committee prior to the Key Employee’s death, and in no event shall
any designation be effective as of a date prior to such receipt. 
 (b) If no such Beneficiary designation is in effect at the time of a Key
Employee’s death, or if no designated Beneficiary survives the Key Employee or if such designation conflicts with law, the Key Employee’s estate shall be entitled to exercise the Option, to the extent it is exercisable after the death of
the Key Employee. If the Committee is in doubt as to the right of any person to exercise the Option, the Company may refuse to recognize such exercise, without liability for any interest or dividends on the Option Stock, until the Committee
determines the person entitled to exercise the Option, or the Company may apply to any court of appropriate jurisdiction and such application shall be a complete discharge of the liability of the Company therefore. 

5. No Rights As Shareholder; No Right to Continued Employment. The Key Employee shall not have any rights as a shareholder of
the Company with respect to any Shares subject to the Option granted pursuant to this Award Agreement unless and to the extent Shares of Option Stock have been issued upon the exercise of the Option pursuant to Section 3 hereof. Nothing in this
Award Agreement shall confer upon the Key Employee any right to be retained in any position, including as Key Employee of the Company. Further, nothing in this Award Agreement shall be construed to limit the authority of the Company to terminate the
Key Employee at any time, with or without Cause. 
 6. Tax Withholding. 

(a) It shall be a condition to the obligation of the Company to issue Option Stock to the Key Employee or the Beneficiary, and the Key
Employee hereby acknowledges and agrees, that the Key Employee or Beneficiary shall pay to the Company upon its demand, such amount as may be requested by the Company for the purpose of satisfying its liability to withhold federal, state, or local
income, employment or other taxes incurred by reason of the exercise of the Option. The Company has the right to withhold any such taxes from any compensation paid to the Key Employee to the extent permitted by Section 409A of the Code. The
amount due from the Key Employee, if any, will be determined as of the date of exercise of the Option. 
 (b) The Key Employee may elect to
have the Company withhold that number of Shares of Option Stock otherwise issuable to the Key Employee upon exercise of the Option or to deliver to the Company a number of Shares registered in the name of the Key Employee, in each case, having a
Fair Market Value on the Tax Date (as defined below) not to exceed the maximum individual statutory rate in the Key Employee’s jurisdiction for taxes required to be withheld as a result of such exercise. The election must be made in writing and
must be delivered to the Company prior to the earlier of the date of exercise of the Option or the Tax Date. If the number of Shares so determined shall include a fractional Share, the Key Employee shall deliver cash in lieu of such fractional
Share. All elections shall be made in a form approved by the 

  
 4 

 
Committee and shall be subject to disapproval, in whole or in part, by the Committee in its sole discretion. As used herein, “Tax Date” means the date on which the Key
Employee must include in her gross income for federal income tax purposes the Fair Market Value of the Option Stock over the exercise price therefore. 

(c) The Key Employee has reviewed with the Key Employee’s own tax advisors the federal, state, local and foreign tax consequences of the
transactions contemplated by this Award Agreement. The Key Employee is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. The Key Employee understands that the Key Employee (and not the
Company) shall be responsible for the Key Employee’s tax liability that may arise as a result of the transactions contemplated by this Award Agreement under the Code. 

7. Adjustments in Event of Change in Shares. In the event that the Committee shall determine that any dividend or other
distribution (whether in the form of cash, Shares, other securities, or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of
securities of the Company, or other similar corporate transaction or event affects the Shares issuable on exercise of the Option, such that an adjustment is determined by the Committee to be appropriate in order to prevent dilution or enlargement of
the benefits or potential benefits intended to be made available under this Award Agreement, then the Committee shall, in such manner as it may deem equitable, adjust the number and type of Shares awarded pursuant to this Award Agreement, or the
terms, conditions, or restrictions of this Award Agreement; provided however, that the number of Shares subject to any Award payable or denominated in Shares shall always be a whole number. 

8. Powers of Company Not Affected. The existence of the Option shall not affect in any way the right or power of the Company or
its shareholders to make or authorize any combinations, subdivision or reclassification of the Shares or any reorganization, merger, consolidation, business combination, exchange of Shares, or other change in the Company’s capital structure or
its business, or any issue of bonds, debentures or stock having rights or preferences equal, superior or affecting the Option Stock or the rights thereof or dissolution or liquidation of the Company, or any sale or transfer of all or any part of its
assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 
 9. Interpretation
by Committee. The Key Employee agrees that any dispute or disagreement which may arise in connection with this Award Agreement shall be resolved by the Committee, in its sole discretion, and that any interpretation by the Committee of the
terms of this Award Agreement and any determination made by the Committee under this Award Agreement may be made in the sole discretion of the Committee and shall be final, binding, and conclusive on all persons having an interest in this Award
Agreement or the Option. Any such determination need not be uniform and may be made differently among Key Employees awarded Options. 

10. Compliance with Law. The exercise of the Option and the issuance and transfer of Shares shall be subject to
compliance by the Company and the Key Employee with all applicable requirements 

  
 5 

 
of federal and state securities laws and with all applicable requirements of any stock exchange on which the Company’s Shares may be listed. No Shares shall be issued pursuant to this Option
unless and until any then applicable requirements of state or federal laws and regulatory agencies have been fully complied with to the satisfaction of the Company and its counsel. The inability of the Company to obtain approval from any regulatory
body having authority deemed by the Company to be necessary to the lawful issuance or delivery and sale of any Shares pursuant to this Option shall relieve the Company of any liability with respect to the non-issuance, non-delivery or sale of the
Shares as to which such approval shall not have been obtained. The Company, however, shall use its best efforts to obtain all such approvals. The Key Employee understands that the Company is under no obligation to register the Shares of Option Stock
with the U.S. Securities and Exchange Commission or any state securities commission or to list the Shares of Option Stock on any stock exchange to effect such compliance. 

11. Effect on Other Employee Benefit Plans. The value of this Option will not be included as compensation, earnings,
salaries or other similar terms used when calculating your benefits under any employee benefit plan sponsored by the Company or any Affiliate, except when such plan otherwise expressly provides. The Company expressly reserves its rights to amend,
modify or terminate any of the Company’s or any Affiliate’s employee benefit plans. 
 12. Miscellaneous 

(a) This Award Agreement shall be governed and construed in accordance with the laws of the State of Florida applicable to contracts made and
to be performed therein between residents thereof. 
 (b) If all or any part of this Award Agreement is declared by any court or
governmental authority to be unlawful or invalid, such unlawfulness or invalidity will not invalidate any portion of this Award Agreement not declared unlawful or invalid. Any section of this Award Agreement (or part of such a section) so declared
to be unlawful or invalid shall, if possible, be construed in a manner which will give effect to the terms of such section or part of a section to the fullest extent possible while remaining lawful and valid. 

(c) This Award Agreement may not be amended or modified except by the written consent of the parties hereto; provided, however, that the Key
Employee hereby agrees upon request to execute any further documents or instruments necessary or desirable in the sole determination of the Company to carry out the purposes or intent of this Award Agreement. 

(d) The captions of this Award Agreement are inserted for convenience of reference only and shall not be taken into account in construing this
Award Agreement. 
 (e) Any notice, filing or delivery hereunder or with respect to this Award Agreement shall be given to the Key Employee
at either her usual work location or her home address as indicated in the records of the Company and shall be given to the Committee or the Company at 1200 Riverplace Boulevard, Jacksonville, Florida 32207, Attention Corporate Secretary. All such
notices shall be given by first class mail, postage prepaid, or by personal delivery. 
 (f) This Award Agreement shall be binding upon and
inure to the benefit of the Company and its successors and assigns and shall be binding upon and inure to the personal benefit of the Key Employee, the Beneficiary and the personal representative(s) and heirs of the Key Employee. 

  
 6 

 (g) This Award Agreement may be executed in counterparts, each of which shall be deemed an
original but all of which together will constitute one and the same instrument. Counterpart signature pages to this Award Agreement transmitted by facsimile transmission, by electronic mail or by any other electronic means will have the same effect
as physical delivery of the paper document bearing an original signature. 
 (h) The Key Employee hereby acknowledges receipt of a copy of
this Award Agreement. The Key Employee has read and understands the terms and provisions thereof, has had an opportunity to obtain the advice of counsel prior to executing and accepting the Option and accepts the Option subject to all of the terms
and conditions of this Award Agreement. 

  
 7 

 IN WITNESS WHEREOF, the Company has caused this Award Agreement to be executed by its duly
authorized officer, and the Key Employee has hereunto affixed her hand, all on the day, month and year first set forth below. 
  

			
	STEIN MART, INC.
		
	By:	 	 /s/ D. Hunt Hawkins

		
	Its:	 	Chief Executive Officer
	
	KEY EMPLOYEE
	
	 /s/ MaryAnne Morin

 This Option is a Non-Qualified Stock Option 

No. of Shares of Subject to Option: 500,000 
 Exercise Price Per
Share: $3.72 
 Grant Date: February 22, 2017 

Initial Exercise Date: February 22, 2018 
 Expiration Date:
February 22, 2024 

  
 8 

 APPENDIX A 

The following definitions shall be in effect under the Award Agreement: 

“Affiliate” means any entity of which shares (or other ownership interests) having 50 percent or more of the voting power are owned or
controlled, directly or indirectly, by the Company. 
 “Award Agreement” means this Inducement Award Option Agreement for MaryAnne Morin.

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

“Cause” means the occurrence of any one or more of the following: 
  

	(a)	Key Employee has been convicted of, or pleads guilty or nolo contendere to, a felony involving dishonesty, theft, misappropriation, embezzlement, fraud crimes against property or person, or moral turpitude which
negatively impacts the Company; or 

  

	(b)	Key Employee intentionally furnishes materially false, misleading, or omissive information concerning a substantial matter to the Company or persons to whom the Key Employee reports; or 

 

	(c)	Key Employee intentionally fails to fulfill any assigned responsibilities for compliance with the Sarbanes-Oxley Act of 2002 or violates the same; or 

 

	(d)	Key Employee intentionally and wrongfully damages material assets of the Company; or 

  

	(e)	Executive intentionally and wrongfully discloses material confidential information (as defined in the Employment Agreement) of the Company; or 

 

	(f)	Key Employee intentionally and wrongfully engages in any competitive business activity which would constitute a material breach of the duty of loyalty; or 

 

	(g)	Key Employee intentionally breaches any stated material employment policy or any material provision of the Company’s Ethics Policy which could reasonably be expected to expose the Company to liability, or

  

	(h)	Key Employee intentionally commits a material breach of this Agreement, or 

  

	(i)	Key Employee intentionally engages in acts or omissions which constitute failure to follow reasonable, material, and lawful directives of the Company, provided, however, that such acts or omissions are not cured within
five (5) days following the Company’s giving notice to Key Employee that the Company considers such acts or omissions to be “Cause” under this Agreement. 

No act, or failure to act, on the part of Key Employee shall be deemed “intentional” if it was due primarily to an error in judgment or simple
negligence, but shall be deemed “intentional” only if done, or omitted to be done, by the Key Employee not in good faith and without reasonable belief that his or her action or omission was in or not opposed to the best interests of the
Company. Failure to meet performance standards or objectives, unless as set forth in clause (i) above, shall not constitute Cause for purposes hereof. 

“Change in Control” means the occurrence of any of the following: (a) the Board approves the sale of all or substantially all of the
assets of the Company in a single transaction or series of related transactions; (b) the Company sells and/or one or more shareholders of the Company sells a sufficient amount of the Company’s capital stock (whether by tender offer,
original issuance, or 

  
 9 

 
a single or series of related stock purchase and sale agreements and/or transactions) sufficient to confer on the purchaser or purchasers thereof (whether individually or a group acting in
concert) beneficial ownership of at least 35% of the combined voting power of the voting securities of the Company; (c) the Company is party to a merger, consolidation or combination, other than any merger, consolidation or combination that
would result in the holders of the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than 50% of
the combined voting power of the voting securities of the Company (or such surviving entity) outstanding immediately after such merger, consolidation or combination; or (d) a majority of the board of directors consists of individuals who are
not Continuing Directors (for this purpose, a “Continuing Director” is an individual who (i) was a director of the Company on January 1, 2014 or (ii) whose election or nomination as a director of the Company is
approved by a vote of at least a majority of the directors then comprising the Continuing Directors). For purposes hereof, the definition of a Change of Control shall be construed and interpreted so as to comply with the definition contained in
Section 409A of the Code. 
 “Code” means the Internal Revenue Code of 1986, as amended from time to time, including the regulations
promulgated thereunder. 
 “Committee” means a committee of the Board designated by the Board to administer the Award Agreement and
composed of not less than two directors. At least two of the members of the Committee shall qualify as Outside Directors. 
 “Company”
means Stein Mart, Inc., a Florida corporation. 
 “Disability” means Key Employee’s incapacity due to physical or mental illness or
cause, which results in the Key Employee being unable to perform her duties, with or without a reasonable accommodation, with the Company on a full-time basis for a period of six (6) consecutive months. Any dispute as to disability shall be
conclusively determined by written opinions rendered by two qualified physicians, one selected by Key Employee, and one selected by Company; provided that if such opinions are conflicting, then such physicians shall select a mutually agreeable third
physician whose opinion shall be conclusive and binding. 
 “Expiration Date” means February 22, 2024, as set forth on the signature
page of the Award Agreement. 
 “Fair Market Value” means the per Share closing price on the date in question as reported on the
principal market on which the Shares are then traded or, if no sales of Shares have taken place on such date, the closing price on the most recent date on which sales prices were quoted.  

“Grant Date”means the date of this Award Agreement, as set forth on the signature page of the Award Agreement. 

“Initial Exercise Date” means February 22, 2018, the first anniversary of the Grant Date as set forth on the signature page of the Award
Agreement. 

  
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 “Key Employee”means MaryAnne Morin. 

“Non-Employee Director” means each member of the Board who is not an employee of the Company or any Affiliate. 

“Plan” means the Stein Mart, Inc. 2001 Omnibus Plan, as amended and restated effective June 21, 2016, as amended from time to time. 

“Option” means the option to purchase Shares granted pursuant to this Award Agreement. 

“Option Stock” means the aggregate number of Shares issuable pursuant to exercise of the Option. 

“Outside Directors” means a Non-Employee Director who qualifies as both an “outside director” for purposes of Section 162(m)
of the Code and as a “non-employee director” for purposes of Rule 16b-3 under the Securities Exchange Act of 1934, as amended. 

“Shares” means shares of common stock of the Company, $0.01 par value per share. 

“Termination Date” means the date of Key Employee’s termination of employment with the Company and its 409A affiliates, or if the Key
Employee continues to provide services to the Company or its 409A affiliates following his or her termination of employment, such later date as is considered a separation from service from the Company and its 409A affiliates within the meaning of
Section 409A of the Code. For purposes of this Award Agreement, the Key Employee’s “termination of employment” shall be presumed to occur when the Company and the Key Employee reasonably anticipate that no further services will
be performed by the Key Employee for the Company and its 409A affiliates or that the level of bona fide services the Key Employee will perform as an employee of the Company and its 409A affiliates will permanently decrease to no more than 20% of the
average level of bona fide services performed by the Key Employee (whether as an employee or independent contractor) for the Company and its 409A affiliates over the immediately preceding 36-month period (or such lesser period of services). Whether
the Key Employee has experienced a termination of employment shall be determined by the Company in good faith and consistent with Section 409A of the Code. Notwithstanding the foregoing, if the Key Employee takes a leave of absence for purposes
of military leave, sick leave or other bona fide reason, the Key Employee will not be deemed to have experienced a termination of employment for the first six (6) months of the leave of absence, or if longer, for so long as the Key
Employee’s right to reemployment is provided either by statute or by contract, including the Employment Agreement; provided that if the leave of absence is due to a medically determinable physical or mental impairment that can be expected to
result in death or last for a continuous period of not less than six (6) months, where such impairment causes the Key Employee to be unable to perform the duties of his or her position of employment or any substantially similar position of
employment, with or without a reasonable accommodation, the leave may be extended by the Company for up to 29 months without causing a termination of employment. For purposes hereof, the term “409A affiliate” means each entity that is
required to be included in the Company’s controlled group of corporations within the meaning of Section 414(b) of the Code, or that is under common control with the Company within the meaning of

  
 11 

 
Section 414(c) of the Code; provided, however, that the phrase “at least 50 percent” shall be used in place of the phrase “at least 80 percent” each place it appears
therein or in the regulations thereunder. 

  
 12

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