Document:

Amended and Restated Investors' Rights Agreement

 Exhibit 10.6 
 COSKATA, INC. 
 AMENDED AND RESTATED 

INVESTORS’ RIGHTS AGREEMENT 
 August 3, 2011 

 TABLE OF CONTENTS 

 

									
	 1.
	 	Definitions	  	 	1	  
		 	 1.1
	 	“Affiliate”	  	 	1	  
		 	1.2	 	“Certificate of Incorporation”	  	 	2	  
		 	1.3	 	“Common Stock”	  	 	2	  
		 	1.4	 	“Damages”	  	 	2	  
		 	1.5	 	“Derivative Securities”	  	 	2	  
		 	1.6	 	“Exchange Act”	  	 	2	  
		 	1.7	 	“Excluded Registration”	  	 	2	  
		 	1.8	 	“Form S-3”	  	 	2	  
		 	1.9	 	“GAAP”	  	 	2	  
		 	1.10	 	“Holder”	  	 	3	  
		 	1.11	 	“Immediate Family Member”	  	 	3	  
		 	1.12	 	“Initiating Holders”	  	 	3	  
		 	1.13	 	“IPO”	  	 	3	  
		 	1.14	 	“New Securities”	  	 	3	  
		 	1.15	 	“Person”	  	 	3	  
		 	1.16	 	“Preferred Directors”	  	 	3	  
		 	1.17	 	“Preferred Stock”	  	 	3	  
		 	1.18	 	“Pro Rata Portion”	  	 	3	  
		 	1.19	 	“Register,” “registered,” and “registration”	  	 	4	  
		 	1.20	 	“Registrable Securities”	  	 	4	  
		 	1.21	 	“Registrable Securities then outstanding”	  	 	4	  
		 	1.22	 	“Restricted Securities”	  	 	4	  
		 	1.23	 	“SEC”	  	 	4	  
		 	1.24	 	“SEC Rule 144”	  	 	4	  
		 	1.25	 	“SEC Rule 145”	  	 	4	  
		 	1.26	 	“Securities Act”	  	 	4	  
		 	1.27	 	“Selling Expenses”	  	 	5	  
		 	1.28	 	“Total”	  	 	5	  
			
	 2.
	 	 Registration Rights
	  	 	5	  
		 	 2.1
	 	Demand Registration	  	 	5	  
		 	 2.2
	 	Company Registration	  	 	6	  
		 	 2.3
	 	Form S-3 Registration	  	 	6	  
		 	 2.4
	 	Underwriting Requirements	  	 	7	  
		 	 2.5
	 	Obligations of the Company	  	 	9	  
		 	 2.6
	 	Furnish Information	  	 	10	  
		 	 2.7
	 	Expenses of Registration	  	 	10	  
		 	 2.8
	 	Delay of Registration	  	 	11	  
		 	 2.9
	 	Indemnification	  	 	11	  
		 	 2.10
	 	Reports Under Exchange Act	  	 	13	  
		 	 2.11
	 	Limitations on Subsequent Registration Rights	  	 	14	  
		 	 2.12
	 	“Market Stand Off” Agreement	  	 	14	  
		 	 2.13
	 	Restrictions on Transfer	  	 	15	  
		 	 2.14
	 	Termination of Registration Rights	  	 	16	  

  
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	 3.
	 	 Information Rights; Delivery of Financial Statements
	  	 	17	  
		 	 3.1
	 	Delivery of Financial Statements	  	 	17	  
		 	 3.2
	 	Inspection	  	 	18	  
		 	 3.3
	 	Termination of Information	  	 	18	  
		 	 3.4
	 	Confidentiality	  	 	18	  
			
	 4.
	 	 Right of First Offer
	  	 	19	  
		 	 4.1
	 	Right of First Offer	  	 	19	  
		 	 4.2
	 	Termination	  	 	21	  
			
	 5.
	 	 Additional Covenants
	  	 	21	  
		 	 5.1
	 	Total Notice Right	  	 	21	  
		 	 5.2
	 	Insurance	  	 	22	  
		 	 5.3
	 	Employee Agreements	  	 	22	  
		 	 5.4
	 	Employee Vesting	  	 	22	  
		 	 5.5
	 	Compensation Committee	  	 	23	  
		 	 5.6
	 	Successor Indemnification	  	 	23	  
		 	 5.7
	 	Board Expenses	  	 	23	  
		 	 5.8
	 	Termination of Covenants	  	 	23	  
			
	 6.
	 	 Miscellaneous
	  	 	24	  
		 	 6.1
	 	Successors and Assigns	  	 	24	  
		 	 6.2
	 	Governing Law	  	 	24	  
		 	 6.3
	 	Counterparts	  	 	24	  
		 	 6.4
	 	Titles and Subtitles	  	 	24	  
		 	 6.5
	 	Notices	  	 	24	  
		 	 6.6
	 	Costs of Enforcement	  	 	25	  
		 	 6.7
	 	Amendments and Waivers	  	 	25	  
		 	 6.8
	 	Severability	  	 	25	  
		 	 6.9
	 	Aggregation of Stock	  	 	26	  
		 	 6.10
	 	Entire Agreement	  	 	26	  
		 	 6.11
	 	Assignment of Rights	  	 	26	  
		 	 6.12
	 	Delays or Omissions	  	 	26	  

 Schedule A Schedule of Investors 

  
 ii 

 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

THIS AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT (the “Agreement”) is made as of
the 3rd day of August, 2011 by and among Coskata, Inc., a Delaware
corporation (the “Company”), GPV Fund II LLC, a Delaware limited liability company (“GPV”), and each of the investors listed on Schedule A hereto, collectively referred to in this Agreement as the
“Investors,” and each of which is referred to in this Agreement individually as an “Investor.” 

RECITALS 
 WHEREAS, the Company, GPV and certain of the Investors who purchased shares of Series A Preferred Stock, Series B Preferred Stock and/or Series C Preferred Stock of the Company have previously
entered into that certain Amended and Restated Investors’ Rights Agreement, dated as of April 19, 2010 (the “Prior Agreement”); 
 WHEREAS, the Company and certain of the Investors (the “Series D Investors”) are entering into that certain Series D Preferred Stock Purchase Agreement of even date herewith (the
“Purchase Agreement”); and 
 WHEREAS, in order to induce the Company to enter into the Purchase
Agreement and to induce the Series D Investors to invest funds in the Company pursuant to the Purchase Agreement, the Investors and the Company agree that this Agreement shall amend and restate the Prior Agreement in its entirety and shall govern
the rights of the Investors to cause the Company to register shares of Common Stock (as defined in Section 1.3 hereof) issuable to the Investors, to receive certain information from the Company, to participate in future equity offerings
by the Company, and certain other matters as set forth in this Agreement. 
 AGREEMENT 

NOW, THEREFORE, the parties hereby agree as follows: 
 1. Definitions. 
 For purposes of this Agreement: 

1.1 “Affiliate” 
 means, with respect to any specified Person, any other Person who or which, directly, or indirectly through one or more intermediaries, controls, is controlled by or is under common control with such
specified Person, including any general partner or limited partner (including without limitation any retired partner), manager or member (including without limitation any retired member), officer or director of such specified Person, and any venture
capital or private equity fund or other person now or hereafter existing which is controlled by or under common control with such specified Person or one or more general partners or managers of such specified Person, or which shares the same
management or parent company with such specified Person. For purposes of the foregoing, “control”, “controlled by” and “under common control with” with respect to any entity shall mean the possession, directly or
indirectly, of the power to direct or cause the direction of the management and policies of such entity, whether through the ownership of voting securities, partnership interests or by contract or otherwise. 

  
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 1.2 “Certificate of Incorporation” 

means the Certificate of Incorporation of the Company, as amended, effective as of the date hereof, as further amended from time to time. 

1.3 “Common Stock” 
 means shares of the Company’s common stock, par value $0.001 per share. 
 1.4
“Damages” 
 means any loss, claim, damage or liability (joint or several) to which a party hereto may become subject under the
Securities Act, the Exchange Act or other federal or state law, insofar as such loss, claim, damage or liability (or any action in respect thereof) arises out of or is based upon: (i) any untrue statement or alleged untrue statement of a
material fact contained in any registration statement of the Company, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto; (ii) an omission or alleged omission to state therein a
material fact required to be stated therein, or necessary to make the statements therein not misleading; or (iii) any violation or alleged violation by any other party hereto of the Securities Act, the Exchange Act, any state securities law or
any rule or regulation promulgated under the Securities Act, the Exchange Act or any state securities law.  
 1.5
“Derivative Securities” 
 means any securities or rights convertible into, exercisable and/or exchangeable for, Common Stock,
including options and warrants. 
 1.6 “Exchange Act” 
 means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. 
 1.7 “Excluded Registration” 
 means a registration relating either to the sale of
securities to employees of the Company pursuant to a stock option, stock purchase or similar plan or an SEC Rule 145 transaction. 
 1.8 “Form S-3” 
 means such form under the Securities Act as in effect on the
date hereof or any registration form under the Securities Act subsequently adopted by the SEC that permits incorporation of substantial information by reference to other documents filed by the Company with the SEC. 

1.9 “GAAP” 

means generally accepted accounting principles in the United States. 

  
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 1.10 “Holder” 
 means any holder of Registrable Securities who is a party to this Agreement. 

1.11 “Immediate Family Member” 
 means a child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law, including adoptive
relationships, of a natural person referred to herein. 
 1.12 “Initiating Holders” 

means, collectively, Holders who properly initiate a registration request under this Agreement. 

1.13 “IPO” 

means the Company’s first underwritten public offering of its Common Stock under the Securities Act. 

1.14 “New Securities” 
 means, collectively, equity securities of the Company, whether or not currently authorized, as well as rights, options or warrants to purchase such equity securities, or securities of any type whatsoever
(including, without limitation, any evidence of indebtedness convertible into equity securities of the Company) that are, or may become, convertible or exchangeable into or exercisable for such equity securities. 

1.15 “Person” 

means any individual, corporation, limited liability company, partnership, association, trust or any other entity. 

1.16 “Preferred Directors” 
 mean collectively those directors of the Company that the holders of record of any series of the Preferred Stock, exclusively and as a separate class, are entitled to elect pursuant to the Certificate of
Incorporation. 
 1.17 “Preferred Stock” 
 means shares of the Company’s Series A Convertible Preferred Stock, Series B Convertible Preferred Stock, Series C Convertible Preferred Stock and Series D Convertible Preferred Stock, each with a
par value of $0.01 per share. 
 1.18 “Pro Rata Portion” 

means the proportion that the Common Stock issued and held, or issuable upon conversion of the Preferred Stock and any other Derivative Securities then
held, by such Investor or GPV, as applicable, bears to the total Common Stock of the Company then outstanding (assuming full conversion, exercise and/or exchange of the Preferred Stock and any other Derivative Securities issued and held by all
Investors) and held by the Investors and GPV. 

  
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 1.19 “Register,” “registered,” and
“registration” 
 refer to a registration effected by preparing and filing a registration statement or similar document in
compliance with the Securities Act, and the declaration or ordering of effectiveness of such registration statement or document. 
 1.20 “Registrable Securities” 
 means (i) the Common Stock issuable or
issued upon conversion of the Preferred Stock, (ii) any Common Stock issued or issuable upon conversion of any capital stock of the Company acquired by the Investors after the date hereof and (iii) any Common Stock issued as (or issuable
upon the conversion, exchange and/or exercise of any warrant, right or other security which is issued as) a dividend or other distribution with respect to, or in exchange for or in replacement of, the shares referenced in clause (i) or
clause (ii) above; excluding in all cases, however, any Registrable Securities sold by a Person in a transaction in which the rights under Section 2 hereof are not assigned pursuant to Section 6.11 hereof or any
shares for which registration rights have terminated pursuant to Section 2.14 of this Agreement. 
 1.21
“Registrable Securities then outstanding” 
 means the number of shares determined by adding the Common Stock outstanding, and
the Common Stock issuable pursuant to then exercisable or convertible securities, in each case which are Registrable Securities. 
 1.22 “Restricted Securities” 
 means the securities of the Company required to
bear the legend set forth in Section 2.13(b) hereof. 
 1.23 “SEC” 

means the Securities and Exchange Commission. 
 1.24 “SEC Rule 144” 
 means Rule 144 promulgated by the SEC under the Securities
Act. 
 1.25 “SEC Rule 145” 
 means Rule 145 promulgated by the SEC under the Securities Act. 
 1.26
“Securities Act” 
 means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

  
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 1.27 “Selling Expenses” 

means all underwriting discounts, selling commissions and stock transfer taxes applicable to the sale of Registrable Securities, and fees and
disbursements of counsel for any Holder except as provided in Section 2.7. 
 1.28 “Total” means
Total Energy Ventures International, S.A.S. 
 2. Registration Rights. 
 The Company covenants and agrees as follows: 
 2.1 Demand Registration.

 (a) If the Company shall receive at any time after the earlier of (i) four (4) years after the date of this
Agreement or (ii) one hundred eighty (180) days after the effective date of the registration statement for the IPO, a written request from the Holders of at least thirty percent (30%) of the Registrable Securities then outstanding
that the Company file a registration statement under the Securities Act covering the registration of at least twenty percent (20%) of the Registrable Securities then outstanding having an aggregate offering price to the public of not less than
Five Million Dollars ($5,000,000), then the Company shall: 
 (i) within ten (10) days after the date such request is
given, give notice thereof (the “Demand Notice”) to all Holders other than the Initiating Holders; and 
 (ii)
as soon as practicable, and in any event within sixty (60) days after the date such request is given by the Initiating Holders, file a registration statement under the Securities Act covering all Registrable Securities that the Initiating
Holders requested to be registered and any additional Registrable Securities requested to be included in such registration by any other Holders, as specified by notice given by each such Holder to the Company within twenty (20) days of the date
the Demand Notice is given, and in each case, subject to the limitations of Section 2.1(b). 
 (b) Notwithstanding
the foregoing obligations, if the Company furnishes to Holders requesting a registration pursuant to this Section 2.1 a certificate signed by the Company’s chief executive officer stating that, in the good faith judgment of the
Company’s Board of Directors, it would be materially detrimental to the Company and its stockholders either for such registration statement to become effective or to remain effective as long as such registration statement otherwise would be
required to remain effective because such action would (x) materially interfere with a significant acquisition, corporate reorganization or other similar transaction involving the Company, (y) require premature disclosure of material
information that the Company has a bona fide business purpose for preserving as confidential or (z) render the Company unable to comply with requirements under the Securities Act or Exchange Act, the Company shall have the right to defer taking
action with respect to such filing, and any time periods with respect to filing or effectiveness thereof shall be tolled correspondingly, for a period of not more than ninety (90) days after the request of the Initiating

  
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Holders is given; provided, however, that the Company may not invoke this right more than once in any twelve-month period; and provided further, that the Company shall not
register any securities for its own account or that of any other stockholder during such ninety (90) day period other than an Excluded Registration. 
 (c) The Company shall not be obligated to effect, or to take any action to effect, any registration pursuant to this Section 2.1 (i) after the Company has effected two
(2) registrations pursuant to this Section 2.1 or (ii) if the Initiating Holders propose to dispose of shares of Registrable Securities that may be immediately registered on Form S-3 pursuant to a request made pursuant to
Section 2.3. A registration shall not be counted as “effected” for purposes of Section 2.1 until such time as the applicable registration statement has been declared effective by the SEC, unless the Initiating
Holders withdraw their request for such registration, elect not to pay the registration expenses therefor and forfeit their right to one demand registration statement pursuant to Section 2.7, in which case such withdrawn registration
statement shall be counted as “effected” for purposes of Section 2.1. 
 2.2 Company Registration.

 If the Company proposes to register (including for this purpose a registration effected by the Company for stockholders other than the
Holders) any of its stock or other securities under the Securities Act in connection with the public offering of such securities solely for cash (other than an Excluded Registration), the Company shall, at such time, promptly give GPV and each
Holder notice of such registration. Upon the request of GPV or any Holder given within twenty (20) days after such notice is given by the Company, the Company shall, subject to the provisions of Section 2.4, cause to be registered
all of the Registrable Securities that GPV or each such Holder has requested to be included in such registration. The Company shall have the right to terminate or withdraw any registration initiated by it under this Section 2.2 prior to
the effectiveness of such registration whether or not GPV or any Holder has elected to include Registrable Securities in such registration. The expenses of such withdrawn registration shall be borne by the Company in accordance with
Section 2.7 hereof. 
 2.3 Form S-3 Registration. 

(a) If the Company shall receive a written request from a Holder that the Company effect a registration on Form S-3 with respect to all
or a part of the Registrable Securities owned by such Initiating Holder or Initiating Holders, then the Company shall: 
 (i)
promptly give notice of the proposed registration to all Holders other than the Initiating Holders (the “S-3 Notice”); and 
 (ii) as soon as practicable, use its commercially reasonable efforts to effect such registration of all or such portion of such Initiating Holders’ Registrable Securities as are specified in such
request, together with all or such portion of the Registrable Securities of any other Holders joining in such request as are specified in a request given to the Company within fifteen (15) days after the S-3 Notice is given, and in each case,
subject to the limitations of Section 2.3(b). 

  
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 (b) Notwithstanding the foregoing, the Company shall not be obligated to effect any such
registration, pursuant to this Section 2.3: (i) if Form S-3 is not then available for such offering by the Holders; (ii) if the Holders, together with the holders of any other securities of the Company entitled to and
requesting inclusion in such registration, propose to sell Registrable Securities and such other securities (if any) at an aggregate price to the public (net of Selling Expenses) of less than $2.0 million; or (iii) if the Company furnishes to
the Holders requesting a registration pursuant to this Section 2.3 a certificate signed by the Company’s chief executive officer stating that, in the good faith judgment of the Company’s Board of Directors, it would be
materially detrimental to the Company and its stockholders for such Form S-3 registration to be effected at such time because such action would (x) materially interfere with a significant acquisition, corporate reorganization or other similar
transaction involving the Company, (y) require premature disclosure of material information that the Company has a bona fide business purpose for preserving as confidential or (z) render the Company unable to comply with requirements under
the Securities Act or Exchange Act. In the event that a certificate is delivered pursuant to clause (iii) above, the Company shall have the right to defer the filing of the Form S-3 registration statement for a period of not more than ninety
(90) days after receipt of the request of the Initiating Holders under this Section 2.3; provided, however, that the Company shall not invoke this right more than once in any twelve-month period and provided further
that the Company shall not register any securities for its own account or that of any other stockholder during such ninety (90) day period other than pursuant to a registration relating to the sale of securities to employees of the Company
pursuant to a stock option, stock purchase or similar plan. 
 (c) Registrations effected pursuant to this
Section 2.3 shall not be counted as demands for registration or registrations effected pursuant to Section 2.1. 
 2.4 Underwriting Requirements. 
 (a) If pursuant to Section 2.1
or Section 2.3 the Initiating Holders intend to distribute the Registrable Securities covered by their request by means of an underwriting, they shall so advise the Company as a part of their request made pursuant to
Section 2.1(a) or Section 2.3(a) and the Company shall include such information in the Demand Notice or the S-3 Notice, as the case may be. The underwriter will be selected by the Initiating Holders, subject only to the
reasonable approval of the Company. In such event, the right of any Holder to include such Holder’s Registrable Securities in such registration shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of
such Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute their securities through such underwriting shall (together with the Company as provided in Section 2.5(e))
enter into an underwriting agreement in customary form with the managing underwriter(s) selected for such underwriting. Notwithstanding any other provision of this Section 2.4, if the managing underwriter advises the Initiating Holders
in writing that marketing factors require a limitation of the number of shares to be underwritten, then the Initiating Holders shall so advise all Holders of Registrable Securities that otherwise would be underwritten pursuant hereto, and the number
of Registrable Securities that may be included in the underwriting shall be allocated among all Holders of Registrable Securities, including the 

  
 7 

 
Initiating Holders, in proportion (as nearly as practicable) to the number of Registrable Securities of the Company owned by each Holder; provided, however, that the number of
Registrable Securities held by the Holders to be included in such underwriting shall not be reduced below twenty-five percent (25%) of the total number of shares underwritten unless the offering is the IPO and unless all other securities are
first entirely excluded from the underwriting. To facilitate the allocation of shares in accordance with the above provisions, the Company or the underwriters may round the number of shares allocated to any Holder to the nearest 100 shares.

 (b) In connection with any offering involving an underwriting of shares of the Company’s capital stock pursuant to
Section 2.2, the Company shall not be required to include any of the Holders’ Registrable Securities in such underwriting unless the Holders accept the terms of the underwriting as agreed upon between the Company and its
underwriters, and then only in such quantity as the underwriters and the Company determine in their reasonable discretion will not jeopardize the success of the offering by the Company. If the total number of securities, including Registrable
Securities, requested by stockholders to be included in such offering exceeds the number of securities to be sold other than by the Company that the underwriters and the Company determine in their reasonable discretion is compatible with the success
of the offering, then the Company shall be required to include in the offering only that number of such securities, including Registrable Securities, which the underwriters and the Company determine in their reasonable discretion will not jeopardize
the success of the offering. In no event shall any Registrable Securities be excluded from such offering unless all other stockholders’ securities have been first excluded. In the event that the underwriters and the Company determine that less
than all of the Registrable Securities requested to be registered can be included in such offering, then the Registrable Securities that are included in such offering shall be apportioned pro rata among the selling Holders based on the number of
Registrable Securities held by all selling Holders or in such other proportions as shall mutually be agreed to by all such selling Holders. Notwithstanding the foregoing, in no event shall (i) the number of Registrable Securities included in
the offering be reduced below thirty percent (30%) of the total number of securities included in such offering, unless such offering is the IPO, in which case the selling Holders may be excluded further if the underwriters make the
determination described above and no other stockholder’s securities are included in such offering or (ii) notwithstanding (i) above, any Registrable Securities described in Section 1.20(i) be excluded from such
underwriting unless all Registrable Securities described in Section 1.20(ii) are first excluded from such offering. For purposes of the provision in this Section 2.4(b) concerning apportionment, for any selling stockholder
which is a Holder and a partnership, limited liability company or corporation, the partners, members, retired partners, retired members, stockholders and Affiliates of such Holder, or the estates and Immediate Family Members of any such partners,
retired partners, members and retired members and any trusts for the benefit of any of the foregoing Persons, shall be deemed to be a single “selling Holder,” and any pro-rata reduction with respect to such “selling Holder” shall
be based upon the aggregate number of Registrable Securities owned by all Persons included in such “selling Holder,” as defined in this sentence. 
 (c) For purposes of Section 2.1 and Section 2.3, a registration shall not be counted as “effected” if, as a result of an exercise of the underwriter’s cut-back
provisions in this Section 2.4, fewer than 50% of the total number of Registrable Securities that Holders have requested to be included in such registration statement are actually included. 

  
 8 

 2.5 Obligations of the Company. 

Whenever required under this Section 2 to effect the registration of any Registrable Securities, the Company shall, as expeditiously as
reasonably possible: 
 (a) prepare and file with the SEC a registration statement with respect to such Registrable Securities
and use its commercially reasonable efforts to cause such registration statement to become effective and, upon the request of the Holders of a majority of the Registrable Securities registered thereunder, keep such registration statement effective
for a period of up to one hundred twenty (120) days or, if earlier, until the distribution contemplated in the registration statement has been completed; provided, however, that such 120-day period shall be extended for a period
of time equal to the period the Holder refrains from selling any securities included in such registration at the request of an underwriter of Common Stock (or other securities) of the Company; and (ii) in the case of any registration of
Registrable Securities on Form S-3 which are intended to be offered on a continuous or delayed basis, subject to compliance with applicable SEC rules, such 120-day period shall be extended for up to an additional one hundred twenty (120) days,
if necessary, to keep the registration statement effective until all such Registrable Securities are sold; 
 (b) prepare and
file with the SEC such amendments and supplements to such registration statement, and the prospectus used in connection with such registration statement, as may be necessary to comply with the Securities Act in order to enable the disposition of all
securities covered by such registration statement; 
 (c) furnish to the Selling Holders such numbers of copies of a prospectus,
including a preliminary prospectus, as required by the Securities Act, and such other documents as the Holders may reasonably request in order to facilitate their disposition of their Registrable Securities; 

(d) use its commercially reasonable efforts to register and qualify the securities covered by such registration statement under such
other securities or Blue Sky laws of such jurisdictions as shall be reasonably requested by the Selling Holders; provided, that the Company shall not be required to qualify to do business or to file a general consent to service of process in
any such states or jurisdictions, unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities Act; 
 (e) in the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and customary form, with the managing underwriter of such offering;

 (f) use its commercially reasonable efforts to cause all such Registrable Securities covered by such registration statement
to be listed on a national securities exchange and each securities exchange on which similar securities issued by the Company are then listed (if any); 
 (g) provide a transfer agent and registrar for all Registrable Securities registered pursuant hereunder and a CUSIP number for all such Registrable Securities, in each case not later than the effective
date of such registration; 

  
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 (h) promptly make available for inspection by the selling Holders, any managing underwriter
participating in any disposition pursuant to such registration statement, and any attorney or accountant or other agent retained by any such underwriter or selected by the selling Holders, 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 any such registration statement; 
 (i) notify each selling Holder, promptly after the Company shall receive
notice thereof, of the time when such registration statement has been declared effective or a supplement to any prospectus forming a part of such registration statement has been filed; 

(j) following the effectiveness of such registration statement, notify each selling Holder of any request by the SEC that the Company
amend or supplement such registration statement or prospectus; and 
 (k) use its reasonable best efforts to furnish, at the
request of any Holder requesting registration of Registrable Securities pursuant to this Section 2, on the date on which such Registrable Securities are sold to the underwriter, (i) an opinion, dated such date, of the counsel
representing the Company for the purposes of such registration, in form and substance as is customarily given to underwriters in an underwritten public offering, addressed to the underwriters, if any, and (ii) a “comfort” letter dated
such date, from the independent certified public accountants of the Company, in form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten public offering, addressed to the underwriters,
if any. 
 2.6 Furnish Information. 
 It shall be a condition precedent to the obligations of the Company to take any action pursuant to this Section 2 with respect to the Registrable Securities of any selling Holder that such
Holder shall furnish to the Company such information regarding itself, the Registrable Securities held by it, and the intended method of disposition of such securities as shall be reasonably required to effect the registration of such Holder’s
Registrable Securities. 
 2.7 Expenses of Registration. 
 All expenses (other than Selling Expenses) incurred in connection with registrations, filings or qualifications pursuant to Section 2, including all registration, filing and qualification
fees, printers’, custodians’, accounting fees, underwriting fees (excluding discounts and commissions), fees and disbursements of counsel for the Company and the reasonable fees and disbursements of one counsel for the selling Holders (up
to a maximum of Fifty Thousand ($50,000) Dollars), shall be borne and paid by the Company; provided, however, that the Company shall not be required to pay for any expenses of any registration proceeding begun pursuant to
Section 2.1 or Section 2.3 if the registration request is subsequently withdrawn at the request of the Holders of a majority of the Registrable Securities to be registered (in which case all selling Holders shall bear such
expenses pro rata based upon the number of Registrable Securities that were to be included in the withdrawn registration), unless the Holders of a 

  
 10 

 
majority of the Registrable Securities agree to forfeit their right to one registration pursuant to Section 2.1; provided further, however, that if at the time of such
withdrawal, the Holders have learned of a material adverse change in the condition, business, or prospects of the Company from that known to the Holders at the time of their request and have withdrawn the request with reasonable promptness after
learning of such information, then the Holders shall not be required to pay any of such expenses and shall not forfeit their right to one registration pursuant to Section 2.1. All Selling Expenses relating to Registrable Securities
registered pursuant to this Section 2 shall be borne and paid by the Holders pro rata on the basis of the number of Registrable Securities registered on their behalf, except that fees and disbursements of counsel to any Holder (other
than the one counsel referred to above) shall be borne by such Holder. 
 2.8 Delay of Registration. 

No Holder shall have any right to obtain or seek an injunction restraining or otherwise delaying any registration pursuant to this Agreement as the
result of any controversy that might arise with respect to the interpretation or implementation of this Section 2. 

2.9 Indemnification. 

In the event any Registrable Securities are included in a registration statement under this Section 2: 

(a) To the extent permitted by law, the Company will indemnify and hold harmless each Selling Holder, the partners, members, officers,
directors and stockholders of each such Holder, legal counsel and accountants for each Holder, any underwriter (as defined in the Securities Act) for such Holder and each Person, if any, who controls such Holder or underwriter within the meaning of
the Securities Act or the Exchange Act, against any Damages, and the Company will pay to each such Holder, underwriter, controlling Person or other aforementioned Person any legal or other expenses reasonably incurred thereby in connection with
investigating or defending any proceeding for Damages as such expenses are incurred; provided, however, that the indemnity agreement contained in this Section 2.9(a) shall not apply to amounts paid in settlement of any such
Damages if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld, conditioned or delayed, nor shall the Company be liable for any Damages of such Holder, underwriter, controlling Person or
other aforementioned Person to the extent they arise out of or are based upon actions or omissions made in reliance upon and in conformity with written information furnished expressly for use in connection with such registration by or on behalf of
any such Holder, underwriter, controlling Person or other aforementioned Person. 
 (b) To the extent permitted by law, each
selling Holder, individually (and not jointly and severally) and only with respect to information provided by or on behalf of such Holder expressly for use as provided below, will indemnify and hold harmless the Company, each of its directors, each
of its officers who has signed the registration statement, each Person, if any, who controls the Company within the meaning of the Securities Act, legal counsel and accountants for the Company, any underwriter (as defined in the Securities Act), any
other Holder selling securities in such registration statement and any controlling Person of any such underwriter or other Holder, against any Damages, in each case only to the extent that such

  
 11 

 
Damages arise out of or are based upon actions or omissions made in reliance upon and in conformity with written information furnished by or on behalf of such selling Holder expressly for use in
connection with such registration; and each such selling Holder will pay to the Company and each other aforementioned Person any legal or other expenses reasonably incurred thereby in connection with investigating or defending any proceeding for
Damages as such expenses are incurred; provided, however, that the indemnity agreement contained in this Section 2.9(b) shall not apply to amounts paid in settlement of any such Damages if such settlement is effected
without the consent of the Holder, which consent shall not be unreasonably withheld; and provided further, that, in no event shall any indemnity under this Section 2.9(b) exceed the proceeds from the offering (net of any Selling
Expenses) received by such Holder, except in the case of fraud or willful misconduct by such Holder. 
 (c) Promptly after
receipt by an indemnified party under this Section 2.9 of notice of the commencement of any action (including any governmental action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying
party under this Section 2.9, give the indemnifying party notice of the commencement thereof and the indemnifying party shall have the right to participate in and, to the extent the indemnifying party so desires, jointly with any other
indemnifying party to which notice has been given, to assume the defense thereof with counsel mutually satisfactory to the parties; provided, however, that an indemnified party (together with all other indemnified parties that may be
represented without conflict by one counsel) shall have the right to retain one separate counsel, with the fees and expenses to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained by the
indemnifying party would be inappropriate due to actual or potential differing interests between such indemnified party and any other party represented by such counsel in such proceeding. The failure to give notice to the indemnifying party within a
reasonable time of the commencement of any such action shall relieve such indemnifying party of any liability to the indemnified party under this Section 2.9 to the extent such failure materially prejudices the indemnifying party’s
ability to defend such action. The failure to give notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this Section 2.9. 

(d) The foregoing indemnity agreements of the Company and the selling Holders are subject to the condition that, insofar as they relate
to any Damages made in a preliminary prospectus but eliminated or remedied in the amended prospectus on file with the SEC at the time the registration statement in question becomes effective or the amended prospectus filed with the SEC pursuant to
SEC Rule 424(b) (the “Final Prospectus”), such indemnity agreement shall not inure to the benefit of any Person if a copy of the Final Prospectus was furnished to the indemnified party and such indemnified party failed to deliver a
copy of the final or amended prospectus at or prior to the sale of the shares registered in such offering to the Person asserting the loss, liability, claim or damage in any case where such delivery was required by the Securities Act. 

(e) In order to provide for just and equitable contribution to joint liability under the Securities Act in any case in which either
(i) any party otherwise entitled to indemnification hereunder makes a claim for indemnification pursuant to this Section 2.9 but it is judicially determined (by the entry of a final judgment or decree by a court of competent
jurisdiction and the expiration of time to appeal or the denial of the last right of appeal) that such 

  
 12 

 
indemnification may not be enforced in such case, notwithstanding the fact that this Section 2.9 provides for indemnification in such case, or (ii) contribution under the
Securities Act may be required on the part of any party hereto for which indemnification is provided under this Section 2.9, then, and in each such case, such parties will contribute to the aggregate losses, claims, damages, liabilities
or expenses to which they may be subject (after contribution from others) in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and of the indemnified party on the other in connection with the
statements, omissions or other actions that resulted in such loss, claim, damage, liability or expense as well as any other relevant equitable considerations. The relative fault of the indemnifying party and of the indemnified party shall be
determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the indemnifying party or by the
indemnified party and the parties’ relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission; provided, however, that, in any such case, (I) no Holder will be required
to contribute any amount in excess of the public offering price of all such Registrable Securities offered and sold by such Holder pursuant to such registration statement, and (II) no Person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Securities Act) will be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation; and provided further, that in no event shall a Holder’s liability pursuant to this
Section 2.9(d), when combined with the amounts paid or payable by such Holder pursuant to Section 2.9(b), exceed the proceeds from the offering (net of any Selling Expenses) received by such Holder, except in the case of
willful misconduct or fraud by such Holder. 
 (f) Notwithstanding the foregoing, to the extent that the provisions on
indemnification and contribution contained in the underwriting agreement entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall control.

 (g) Unless otherwise superceded by an underwriting agreement entered into in connection with the underwritten public
offering, the obligations of the Company and Holders under this Section 2.9 shall survive the completion of any offering of Registrable Securities in a registration under this Section 2, and otherwise shall survive the
termination of this Agreement. 
 2.10 Reports Under Exchange Act. 

With a view to making available to the Holders the benefits of SEC Rule 144 and any other rule or regulation of the SEC that may at any time permit a
Holder to sell securities of the Company to the public without registration or pursuant to a registration on Form S-3, the Company shall: 
 (a) make and keep public information available, as those terms are understood and defined in SEC Rule 144, at all times after the effective date of the IPO registration statement; 

(b) use commercially reasonable efforts to file with the SEC in a timely manner all reports and other documents required of the Company
under the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements); and 

  
 13 

 (c) furnish to any Holder, so long as the Holder owns any Registrable Securities, forthwith
upon request (i) a written statement by the Company that it has complied with the information and reporting requirements of SEC Rule 144 (at any time after ninety (90) days after the effective date of the IPO registration statement), the
Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements), or that it qualifies as a registrant whose securities may be resold pursuant to Form S-3 (at any time after it so qualifies), (ii) a
copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company, and (iii) such other information as may be reasonably requested in availing any Holder of any rule or regulation of
the SEC which permits the selling of any such securities without registration (at any time after it has become subject to the reporting requirements under the Exchange Act) or pursuant to such form (at any time after it so qualifies). 

2.11 Limitations on Subsequent Registration Rights. 
 From and after the date of this Agreement, the Company shall not, without the prior written consent of the Holders of two-thirds (2/3) of the Registrable Securities then outstanding, enter into any
agreement with any holder or prospective holder of any securities of the Company that would allow such holder or prospective holder (a) to include such securities in any registration unless under the terms of such agreement, such holder or
prospective holder may include such securities in any such registration only to the extent that the inclusion of such securities will not reduce the number of the Registrable Securities of the Holders that are included or (b) to demand
registration of any securities held by such holder or prospective holder. 
 2.12 “Market Stand Off” Agreement.

 Each Holder hereby agrees that it will not, without the prior written consent of the managing underwriter, during the period commencing on
the date of the final prospectus relating to the IPO and ending on the date specified by the Company and the managing underwriter (such period not to exceed one hundred eighty (l80) days) or, if required by such underwriter, such longer period of
time as is necessary to enable such underwriter to issue a research report or make a public appearance that relates to an earnings release or announcement by the Company within eighteen (18) days prior to or after the date that is one hundred
eighty (180) days after the effective date of the registration statement relating to such offering, but in any event not to exceed two hundred ten (210) days following the effective date of the registration statement relating to such
offering (i) lend, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or
indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock (whether such shares or any such securities are then owned by the Holder or are thereafter acquired) held immediately prior to
the effectiveness of the registration statement for such offering, or (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Common Stock, whether any
such transaction described in clause (i) or (ii) above is to be settled by delivery of Common Stock or other securities, in cash or otherwise. The foregoing provisions of this Section 2.12 shall apply only to the IPO, shall not
apply to the sale of any shares to an underwriter pursuant to an underwriting agreement, and shall only be applicable to the Holders if all officers, directors and greater than one percent (1%) stockholders

  
 14 

 
of the Company are subject to the same restrictions. The underwriters in connection with the IPO are intended third party beneficiaries of this Section 2.12 and shall have the right,
power and authority to enforce the provisions hereof as though they were a party hereto. Each Holder further agrees to execute such agreements as may be reasonably requested by the underwriters in the IPO that are consistent with this
Section 2.12 or that are necessary to give further effect thereto. Any discretionary waiver or termination of the restrictions of any or all of such agreements by the Company or the underwriters shall apply to all Holders subject to such
agreements pro rata based on the number of shares subject to such agreements. 
 2.13 Restrictions on Transfer.

 (a) The Preferred Stock and the Registrable Securities shall not be sold, pledged or otherwise transferred, and the Company
shall not recognize any such sale, pledge or transfer, except upon the conditions specified in this Agreement, which conditions are intended to ensure compliance with the provisions of the Securities Act. The Holders will cause any proposed
purchaser, pledge or transferee of the Preferred Stock and the Registrable Securities held by such Holder to agree to take and hold such securities subject to the provisions and upon the conditions specified in this Agreement. 

(b) Each certificate representing (i) the Preferred Stock, (ii) the Registrable Securities, and (iii) any other securities
issued in respect of the securities referenced in clauses (i) and (ii) upon any stock split, stock dividend, recapitalization, merger, consolidation or similar event, shall (unless otherwise permitted by the provisions of
Section 2.13(c)) be stamped or otherwise imprinted with a legend in the following form: 
 “THE SHARES
REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. SUCH SHARES MAY NOT BE SOLD, PLEDGED OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR A VALID EXEMPTION FROM THE
REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SAID ACT.” 
 “THE SHARES REPRESENTED BY THIS CERTIFICATE MAY BE
TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF AN AGREEMENT BETWEEN THE COMPANY AND THE STOCKHOLDER, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY.” 
 The Holders consent to the Company making a notation on its records and giving instructions to any transfer agent of the Restricted Securities in order to implement the restrictions on transfer set forth
in this Section 2.13. 
 (c) The holder of each certificate representing Restricted Securities, by acceptance
thereof, agrees to comply in all respects with the provisions of this Section 2. Prior to any proposed sale, pledge or transfer of any Restricted Securities, unless there is in effect a registration statement under the Securities Act
covering the proposed transaction, the holder 

  
 15 

 
thereof shall give notice to the Company of such Holder’s intention to effect such sale, pledge or transfer. Each such notice shall describe the manner and circumstances of the proposed
sale, pledge or transfer in sufficient detail, and, if reasonably requested by the Company, shall be accompanied at such Holder’s expense by either (i) a written opinion of legal counsel who shall, and whose legal opinion shall, be
reasonably satisfactory to the Company, addressed to the Company, to the effect that the proposed transaction may be effected without registration under the Securities Act, or (ii) a “no action” letter from the Commission to the
effect that the proposed sale, pledge or transfer of such securities without registration will not result in a recommendation by the staff of the Commission that action be taken with respect thereto, or (iii) any other evidence reasonably
satisfactory to counsel to the Company to the effect that the proposed sale, pledge or transfer of the Restricted Securities may be effected without registration under the Securities Act, whereupon the Holder of such Restricted Securities shall be
entitled to sell, pledge or transfer such Restricted Securities in accordance with the terms of the notice given by the Holder to the Company. The Company will not require such a legal opinion or “no action” letter (x) in any
transaction in compliance with SEC Rule 144 or (y) in any transaction in which such holder distributes Restricted Securities to an Affiliate thereof for no consideration; provided, that each transferee agrees in writing to be subject to
the terms of this Section 2.13(c). Each certificate evidencing the Restricted Securities transferred as above provided shall bear, except if such transfer is made pursuant to SEC Rule 144, the appropriate restrictive legend set forth in
Section 2.13(b), except that such certificate shall not bear such restrictive legend if, in the opinion of counsel for such Holder and the Company, such legend is not required in order to establish compliance with any provisions of the
Securities Act. 
 2.14 Termination of Registration Rights. 
 The right of any Holder to request registration or inclusion of Registrable Securities in any registration pursuant to Section 2.1, Section 2.2 or Section 2.3 shall
terminate upon the earlier of: 
 (a) in respect of any Holder which initially purchased (w) more than ten percent
(10%) of the shares of Series A Preferred Stock, (x) more than ten percent (10%) of the shares of Series B Preferred Stock, (y) more than ten percent (10%) of the shares of Series C Preferred Stock or (z) more than ten
percent (10%) of the shares of Series D Preferred Stock, the earlier of (i) the date which is seven (7) years after the IPO or (ii) the date on which the Holder is not and has not been for the preceding 90 days an affiliate (as
defined in SEC Rule 144) of the Company and first holds less than one percent (1%) of the Company’s outstanding shares on a fully diluted basis; or 
 (b) the consummation of a Deemed Liquidation Event (as such term is defined in section 2.3 of part B of Article Fourth of the Certificate of Incorporation). 

In addition, a Holder may not initiate any such request pursuant to Section 2.1 or Section 2.3 (and the securities of such Holder
shall not count as “Registrable Securities” for the purpose of the initiation of any such request by another Holder) at any time when all of such Holder’s Registrable Securities could be sold immediately without restriction or
limitation under SEC Rule 144. 

  
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 3. Information Rights; Delivery of Financial Statements. 

3.1 Delivery of Financial Statements. 
 The Company shall deliver to each Investor who holds (i) at least 2,000,000 shares of Series A Preferred Stock (or related Registrable Securities), (ii) at least 759,777 shares of Series B
Preferred Stock (or related Registrable Securities), (iii) at least 33,333 shares of Series C Preferred Stock (or related Registrable Securities) or (iv) at least 28,571 shares of Series D Preferred Stock (or related Registrable
Securities) (in each case, subject to appropriate adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization affecting such shares, and including Common Stock issued or issuable upon the conversion of
such Preferred Stock, such applicable number being the “Specified Minimum”) and to each Investor who at a prior time held the Specified Minimum and at such time holds any Remaining Shares (as such term is defined in section 2.3.2(b)
of part B of Article Fourth of the Certificate of Incorporation): 
 (a) as soon as practicable, but in any event within one
hundred eighty (180) days after the end of each fiscal year of the Company, (i) a balance sheet as of the end of such year and (ii) statements of income and of cash flows for such year, and a comparison between the actual amounts as
of and for such fiscal year, and the comparable amounts for the prior year and as included in the Budget (as defined in Section 3.1(e) below) for such year, with an explanation of any material differences between such amounts and a
schedule as to the sources and applications of funds for such year, and (iii) a statement of stockholders’ equity as of the end of such year, and once the Company has selected an auditor, audited and certified by independent public
accountants of nationally recognized standing selected by the Company, and until then, unaudited reports; 
 (b) as soon as
practicable, but in any event within forty five (45) days after the end of each of the first three (3) quarters of each fiscal year of the Company, a financial report including unaudited statements of income and of cash flows for such
fiscal quarter, and an unaudited balance sheet and a statement of stockholder’s equity as of the end of such fiscal quarter, all prepared in accordance with GAAP, (except that such financial report may (i) be subject to normal year-end
audit adjustments and (ii) not contain all notes thereto which may be required in accordance with GAAP); 
 (c) as soon as
practicable, but in any event within forty-five (45) days after the end of each of the first three (3) quarters of each fiscal year of the Company, a statement showing the number of shares of each class and series of capital stock and
securities convertible into or exercisable for shares of capital stock outstanding at the end of the period, the Common Stock issuable upon conversion or exercise of any outstanding securities convertible or exercisable for Common Stock and the
conversion or exchange ratio or exercise price applicable thereto and number of shares of issued stock options and stock options not yet issued but reserved for issuance, if any, all in sufficient detail as to permit the Investors to calculate their
respective percentage equity ownership in the Company, and certified by the chief financial officer or chief executive officer of the Company as being true, complete and correct; 

  
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 (d) as soon as practicable, but in any event within thirty (30) days of the end of each
month, a financial report including an unaudited income statement and statement of cash flows for such month and an unaudited balance sheet and statement of stockholder’s equity as of the end of such month, all prepared in accordance with GAAP,
(except that such financial report may (i) be subject to normal year-end audit adjustments and (ii) not contain all notes thereto which may be required in accordance with GAAP); and 

(e) as soon as practicable, but in any event within forty-five (45) days of the beginning of each fiscal year, an operating plan for
the next fiscal year (collectively, the “Budget”), prepared on a monthly basis, including balance sheets, income statements and statements of cash flow for such months and, promptly after prepared, any other budgets or revised
budgets prepared by the Company. 
 If for any period the Company shall have any subsidiary whose accounts are consolidated with
those of the Company, then in respect of such period the financial statements delivered pursuant to the foregoing sections shall be the consolidated and consolidating financial statements of the Company and all such consolidated subsidiaries.

 3.2 Inspection. 
 The Company shall permit each Investor, at such Investor’s expense, to visit and inspect the Company’s properties, to examine its books of account and records and to discuss the Company’s
affairs, finances and accounts with its officers, during normal business hours of the Company as may be reasonably requested by the Investor; provided, however, that the Company shall not be obligated pursuant to this
Section 3.2 to provide access to any information that it reasonably considers to be a trade secret or confidential information (unless covered by an enforceable confidentiality agreement, in form acceptable to the Company) or would
adversely affect the attorney-client privilege between the Company and its counsel. 
 3.3 Termination of Information.

 The covenants set forth in Section 3.1 and Section 3.2 shall terminate and be of no further force or effect
(a) immediately prior to the consummation of the IPO, or (b) upon a Deemed Liquidation Event (as such term is defined in section 2.3 of part B of Article Fourth of the Certificate of Incorporation), whichever event shall first occur.

 3.4 Confidentiality. 
 Each Investor agrees that such Investor will keep confidential and will not disclose, divulge or use for any purpose (other than to monitor its investment in the Company), any confidential information
obtained from the Company pursuant to the terms of this Agreement (including notice of the Company’s intention to file a registration statement), unless such confidential information (a) is known or becomes known to the public in general
(other than as a result of a breach of this Section 3.4 by such Investor), (b) is or has been independently developed or conceived by the Investor without use of the Company’s confidential information or (c) is or has been
made known or disclosed to the Investor by a third party without a breach of any obligation of confidentiality such third party may have to the Company; provided, however, that an Investor may disclose confidential information
(i) to its attorneys, accountants, consultants, and other 

  
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professionals to the extent necessary to obtain their services in connection with monitoring its investment in the Company, (ii) to any prospective purchaser of any Registrable Securities
from such Investor as long as such prospective purchaser agrees to be bound by the provisions of this Section 3.4, (iii) to any Affiliate, partner, member, stockholder or wholly-owned subsidiary of such Investor in the ordinary
course of business, provided such Investor informs such Person that such information is confidential and directs such Person to maintain the confidentiality of such information, or (iv) as may otherwise be required by law,
provided that the Investor promptly notifies the Company of such disclosure made pursuant to clause (iv) of this Section 3.4 and takes reasonable steps to minimize the extent of any such required disclosure. The
Company acknowledges that certain of the Investors and their Affiliates are in the business of venture capital and/or private equity investing and therefore review the business plans, proposals and related proprietary information of many
enterprises, including enterprises that may have products or services that compete directly or indirectly with those of the Company. Nothing in this Agreement shall preclude or in any way restrict the Investors from investing or participating in any
particular enterprise whether or not such enterprise has products or services which compete with those of the Company. 
 4. Right of First
Offer. 
 4.1 Right of First Offer. 
 Subject to the terms and conditions of this Section 4.1 and applicable securities laws, if the Company proposes to offer or sell any New Securities, the Company shall first offer such New
Securities to each Investor and GPV (collectively, the “Right Holders”) as hereinafter provided. An Investor shall be entitled to apportion the right of first offer hereby granted it among itself and its Affiliates in such
proportions as it deems appropriate. 
 (a) The Company shall give notice (the “Offer Notice”) to each Right
Holder stating: (i) its bona fide intention to offer such New Securities, (ii) the number of such New Securities to be offered, and (iii) the price and terms, if any, upon which it proposes to offer such New Securities. 

(b) By notification to the Company within twenty (20) days after the Offer Notice is given, each Right Holder shall be entitled to
purchase up to its Pro Rata Portion of the New Securities. At the expiration of such 20-day period, the Company promptly shall notify each Right Holder that elects to purchase the full amount of which it is entitled to purchase as herein described
(each, a “Fully Exercising Investor”) of any other Right Holder’s failure to do likewise. During the ten (10) day period commencing after the Company has given such notice, each Fully Exercising Investor may, by giving
notice to the Company, elect to purchase or acquire, in addition to the number of shares specified above, up to that portion of the New Securities for which Right Holders were entitled to subscribe but which were not subscribed for by the Right
Holders which is equal to the proportion that the Common Stock issued and held, or issuable upon conversion of Preferred Stock then held, by such Fully Exercising Investor bears to the Common Stock issued and held, or issuable upon conversion of the
Preferred Stock then held, by all Fully Exercising Investors who wish to purchase such unsubscribed shares (the “Oversubscription Amount”). 

  
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 (c) If all New Securities referred to in the Offer Notice are not elected to be purchased or
acquired as provided in Section 4.1(b) hereof, the Company may, during the ninety (90) day period following the expiration of the periods provided in Section 4.1(b) hereof, offer and sell the remaining unsubscribed
portion of such New Securities (collectively, the “Refused Securities”) to any Person or Persons at a price not less than, and upon terms no more favorable to the offeree than, those specified in the Offer Notice. If the Company
does not enter into an agreement for the sale of the New Securities within such period, or if such agreement is not consummated within thirty (30) days of the execution thereof, the right provided hereunder shall be deemed to be revived and
such New Securities shall not be offered unless first reoffered to the Investors in accordance with this Section 4.1. 
 (d) The Company shall effect the sale to each Right Holder of the New Securities to be elected to be purchased by such Right Holder and allocated to such Right Holder in accordance with this
Section 4.1 at any time that is mutually agreed upon by such Right Holder and the Company, but no later than on or about the date on which any Refused Securities are sold. 

(e) The right of first offer in this Section 4.1 shall not be applicable to: 

(i) shares of Common Stock or other Company securities issued as a dividend or distribution on the Preferred Stock; 

(ii) shares of Common Stock or other Company securities issued by reason of a dividend, stock split, split-up or other distribution on
shares of Common Stock covered by sections 4.5, 4.6, 4.7 or 4.8 of part B of Article Fourth of the Certificate of Incorporation, 
 (iii) shares of Common Stock, including options therefore (subject to appropriate adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization affecting such
shares), issued to employees or directors of, or consultants to, the Company or any of its subsidiaries pursuant to the 2006 Stock Option Plan or such other plan, agreement or arrangement approved by the Board of Directors of the Company, which
approval must include the affirmative vote or written consent of a majority of the Preferred Directors; 
 (iv) shares of
Common Stock or other convertible securities actually issued upon the exercise of options or shares of Common Stock actually issued upon the conversion or exchange of convertible securities of the Company, in each case provided such issuance is
pursuant to the terms of the underlying option or convertible security, and all agreements related thereto; 
 (v) shares of
Common Stock or Derivative Securities issued to banks, equipment lessors or other financial institutions (other than venture capital funds or other institutions engaged primarily in the business of equity investing) pursuant to a debt financing or
equipment leasing transaction, provided such issuance is approved by the Board of Directors of the Company, which approval must include the affirmative vote or written consent of a majority of the Preferred Directors; 

  
 20 

 (vi) up to 1,000,000 shares of Common Stock or Derivative Securities issued in connection
with any research and development agreement, strategic alliance or licensing agreement, provided such issuance is approved by the Board of Directors of the Company, which approval must include the affirmative vote or written consent of a majority of
the Preferred Directors; 
 (vii) shares of Common Stock issued in the IPO; and 

(viii) shares of Common Stock or Derivative Securities issued to a lessor of real estate, provided such issuance is approved by the
Board of Directors of the Company, which approval must include the affirmative vote or written consent of a majority of the Preferred Directors. 
 4.2 Termination. 
 Section 4.1 shall terminate and be of no further force or
effect (i) immediately prior to the consummation of the IPO or (ii) upon a Deemed Liquidation Event (as such term is defined in section 2.3 of part B of Article Fourth of the Certificate of Incorporation), whichever event shall first
occur. 
 5. Additional Covenants. 
 5.1 Total Notice Right. For so long as Total continues to own 100% of the shares purchased by Total pursuant to the Series C Preferred Stock Purchase Agreement dated April 19, 2010 (including
Common Stock of the Company issued or issuable in respect of such shares), if the Company receives (i) a bona fide offer from a party who in the reasonable judgment of the Board of Directors of the Company is a credible acquirer (a
“Qualified Party”) for the acquisition of the Company, whether by means of a merger, asset purchase, license, stock acquisition, reorganization, restructuring or otherwise (an “Acquisition Offer”), or (ii) a
written proposal from a Qualified Party which the Board of Directors of the Company reasonably believes to be the basis for a potential Acquisition Offer (collectively, with an Acquisition Offer an “Offer”), the Company will
promptly, but in any event within one business day after the Board of Directors of the Company has determined, in accordance with this paragraph, that the Company has received an Offer, notify Total that it has received an Offer; provided that the
Company shall be under no obligation to inform Total of the terms of any Offer or the identity of any Qualified Party; and provided further, that Total will keep such notification confidential and not disclose the notification to any party other
than its attorneys, accountants, investment bankers or other advisors without the prior written consent of the Company, except as required by law. Without the prior written consent of Total, the Company shall not accept any Offer or enter into a
letter of intent or other agreement with respect to any Offer for a period of twenty (20) business days following the date on which the Company notifies Total in writing that it has received the Offer. In no event shall the Company be deemed
pursuant to this Agreement to have any obligation to accept any Offer from Total. 

  
 21 

 5.2 Insurance. 

(a) The Company shall use its commercially reasonable efforts to maintain Directors and Officers and Errors and Omissions insurance until
such time as the Board of Directors, including a majority of the Preferred Directors, determines that such insurance should be discontinued. 
 (b) The Company shall use its commercially reasonable efforts to maintain fire and casualty insurance policies with extended coverage, sufficient in amount (subject to reasonable deductions) to allow it
to replace any of its properties that might be damaged or destroyed. 
 5.3 Employee Agreements. 

The Company will cause each Person now or hereafter employed by it or any subsidiary (or engaged by the Company or any subsidiary as a
consultant/independent contractor) with access to confidential information and/or trade secrets to enter into (i) a non-disclosure and proprietary rights assignment agreement and (ii) a non-competition and non-solicitation agreement for up
to two (2) years, substantially in the form approved by a majority of the Board of Directors including at least a majority of the Preferred Directors and further provided that such agreements may provide for severance payments of up to six
(6) months base salary and benefits payable during the period of non-competition. The Company will require each employee that holds at least one percent (1%) of the outstanding Common Stock of the Company to become a party to the Amended
and Restated Right of First Refusal and Co-Sale Agreement by and among the Company, GPV and the Investors dated as of the date hereof. In addition, the Company shall not amend, modify, terminate, waive or otherwise alter, in whole or in part, any of
the above-referenced agreements or any restricted stock agreement between the Company and any employee, without the consent of a majority of the Preferred Directors. 
 5.4 Employee Vesting. 
 Unless otherwise approved by the Board of Directors, including at
least a majority of the Preferred Directors, all future employees and consultants of the Company who shall purchase, receive options to purchase, or receive awards of, shares of the Company’s capital stock following the date hereof shall be
required to execute restricted stock or option agreements, as applicable, providing for (i) vesting of shares over a four-year period with the first 25% of such shares vesting following twelve (12) months of continued employment or
service, and the remaining shares vesting no sooner than in equal monthly installments over the following 36 months and (ii) a 180-day lockup period in connection with the IPO that is substantially similar to the lockup in
Section 2.12. The Company shall retain a “right of first refusal” on employee transfers until the Company’s IPO and shall have the right to repurchase unvested shares at cost upon termination of the employment of a holder
of such restricted stock. 

  
 22 

 5.5 Compensation Committee. 

(a) The Board of Directors has established a compensation committee of the Board of Directors (the “Compensation
Committee”) comprised of at least three members, with all such members of the Compensation Committee to be non-employee members of the Board of Directors. At least two members of the Compensation Committee shall be Preferred Directors.

 (b) The following matters shall require the approval of the Compensation Committee: the base salary, incentive or bonus
arrangements or any other compensatory agreements or arrangements for each executive officer of the Company, each vice president of the Company and any employee of the Company with an aggregate annual compensation in excess of $125,000 per annum.

 (c) Any Preferred Director may, at such director’s option, serve on any committee of the Board of Directors, including
the Compensation Committee. 
 5.6 Successor Indemnification. 
 In the event that the Company or any of its successors or assigns (i) consolidates with or merges into any other Person and shall not be the continuing or surviving corporation or entity of such
consolidation or merger or (ii) transfers or conveys all or substantially all of its properties and assets to any Person, then, and in each such case, to the extent necessary, proper provision shall be made so that the successors and assigns of
the Company assume the obligations of the Company with respect to indemnification of members of the Board of Directors as in effect immediately prior to such transaction, whether in the Company’s Bylaws, Certificate of Incorporation, or
elsewhere, as the case may be. 
 5.7 Board Expenses. 
 The Company shall reimburse the non-employee Directors and the Board Observer for all reasonable out-of-pocket travel and lodging expenses incurred (consistent with the Company’s travel policy) in
connection with attending meetings of the Board or any committee thereof or in connection with travel requested for the Company’s benefit by the Board or any committee thereof. 

5.8 Termination of Covenants. 
 The covenants set forth in this Section 5 (except for Section 5.5, which shall survive indefinitely unless the successors and assigns of the Company agree in writing to assume the
indemnification obligations of the Company as set forth in Section 5.5) shall terminate and be of no further force or effect (a) immediately prior to the consummation of the IPO, (b) when the Company first becomes subject to
the periodic reporting requirements of Sections 12(g) or 15(d) of the Exchange Act or (c) upon a Deemed Liquidation Event (as such term is defined in section 2.3 of part B of Article Fourth of the Certificate of Incorporation), pursuant to
which the Investors receive cash or freely tradable securities or equivalent rights, whichever event shall first occur. 

  
 23 

 6. Miscellaneous. 
 6.1 Successors and Assigns. 
 The terms and conditions of this Agreement inure to the
benefit of and are binding upon the respective successors and permitted assigns of the parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and
permitted assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided herein. Except in connection with an assignment by the Company by operation of law to the acquirer of the Company,
the rights and obligations of the Company hereunder may not be assigned under any circumstances. 
 6.2 Governing Law.

 This Agreement shall be governed by and construed in accordance with the General Corporation Law of the State of Delaware as to matters
within the scope thereof, and as to all other matters shall be governed by and construed in accordance with the internal laws of the State of California, without regard to its principles of conflicts of laws. 

6.3 Counterparts. 
 This
Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. This Agreement may also be executed and delivered by facsimile signature
(including by electronic transmission in PDF format or comparable electronic transmission) and in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 6.4 Titles and Subtitles. 
 The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement. 

6.5 Notices. 
 All
notices, requests, and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the party to be notified, (b) when sent by confirmed electronic
mail or confirmed facsimile if sent during normal business hours of the recipient, and if after normal business hours, then on the next business day (subject to confirmation of receipt), (c) five (5) days after having been sent by
registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All
communications shall be sent to the respective parties at their address as set forth on the signature page hereto, or to such email address, facsimile number or address as subsequently modified by written notice given in accordance with this
Section 6.5. If notice is given to the Company, a copy (which shall not constitute notice) shall also be sent to Christopher L. Kaufman, Esq., Latham & Watkins LLP, 140 Scott Drive, Menlo Park, CA 94025, email:
christopher.kaufman@lw.com. If notice is given to GPV, a copy (which shall not constitute notice) shall also be sent to Peter Finn, Esq., Rubin and Rudman LLP, 50 Rowes Wharf, Boston, MA 02110, email: pfinn@rubinrudman.com. If notice
is given to Total, a copy (which shall not 

  
 24 

 
constitute notice) shall also be sent to Lowell Ness, Esq., Orrick, Herrington & Sutcliffe LLP, 1000 Marsh Road, Menlo Park, California, 94025, email: lness@orrick.com.
Notwithstanding the foregoing, notice may be given to a party by confirmed electronic transmission or confirmed facsimile if an email address or facsimile number, respectively, for such party is set forth on Schedule A hereof. 

6.6 Costs of Enforcement. 
 If any party to this Agreement seeks to enforce its rights under this Agreement by legal proceedings, the non-prevailing party shall pay all costs and expenses incurred by the prevailing party, including
all reasonable attorneys’ fees. 
 6.7 Amendments and Waivers. 

Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance
and either retroactively or prospectively) only with the written consent of the Company, GPV, and the holders of two-thirds of the Registrable Securities; provided however, that GPV’s consent shall be required only to amendments
or waivers (a) to or of Sections 4.1 or 6.7 or (b) that affect GPV differently than all other holders of Registrable Securities; provided further, that the Company may waive compliance with Section 2.13(c)
in its sole discretion (and the Company’s failure to object promptly in writing to a proposed sale, pledge, transfer or assignment allegedly in violation of Section 2.13(c) shall be deemed to be a waiver); provided
further, that Total’s consent shall be required to amend or waive Section 5.1. Notwithstanding the foregoing, this Agreement may not be amended or terminated and the observance of any term hereunder may not be waived with
respect to any Investor without the executed written consent of such Investor, unless such amendment, termination or waiver applies to all Investors in the same fashion (it being agreed that a waiver of the provisions of Section 4 with
respect to a particular transaction shall be deemed to apply to all Investors in the same fashion if such waiver does so by its terms). The Company shall give prompt notice of any amendment or termination hereof or waiver hereunder to any party
hereto that did not consent in writing to such amendment, termination or waiver. Any amendment, termination or waiver effected in accordance with this Section 6.7 shall be binding on all parties hereto, whether or not any such party has
consented thereto. No waivers of or exceptions to any term, condition or provision of this Agreement, in any one or more instances, shall be deemed to be, or construed as, a further or continuing waiver of any such term, condition or provision.

 6.8 Severability. 
 In case any one or more of the provisions contained in this Agreement shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability
shall not affect any other provision of this Agreement and such invalid, illegal and unenforceable provision shall be reformed and construed so that it will be valid, legal, and enforceable to the maximum extent permitted by law. 

  
 25 

 6.9 Aggregation of Stock. 
 All shares of Registrable Securities held or acquired by Affiliates shall be aggregated together for the purpose of determining the availability of any rights under this Agreement. 

6.10 Entire Agreement. 

This Agreement (including any Schedules and Exhibits hereto) constitutes the full and entire understanding and agreement between the parties with respect
to the subject matter hereof, and any other written or oral agreement relating to the subject matter hereof existing between the parties are expressly canceled. Without limiting the forgoing, this Agreement supersedes the Prior Agreement in its
entirety, and all provisions of, rights granted and covenants made in the Prior Agreement are hereby waived, released and superseded in their entirety and shall have no further force or effect. 

6.11 Assignment of Rights. 
 An Investor may assign its rights (including, but not limited to, the rights set forth in Section 2 and Section 4) under this Agreement (but only with all related obligations) to a
transferee of such Investor’s Common Stock or Preferred Stock (i) that is an Affiliate, partner, member, limited partner, retired partner, retired member or stockholder of such Investor or (ii), if after such transfer, the transferee holds
the lesser of (A) at least 1,000,000 shares of Common Stock (on an as-converted basis, and subject to appropriate adjustment for stock splits, stock dividends, combinations and other recapitalizations); or (B) all of the shares of Common
Stock originally held by the Investor; provided: (1) the Company is, within a reasonable time after such transfer, furnished with written notice of the name and address of such transferee and the securities with respect to which such
rights are being transferred; and (2) such transferee agrees in writing to be bound by and subject to the terms and conditions of this Agreement as an Investor, including the provisions of Section 2.12. For the purposes of
determining the number of shares of Common Stock held by any Investor or a transferee, the holdings of a transferee that is an Affiliate, limited partner, retired partner, member, retired member or stockholder of an Investor, shall be aggregated
together and with those of the transferring Investor; provided, that all transferees of any single Investor who would not qualify individually for assignment of registration rights shall have a single attorney-in-fact for the purpose of
exercising any rights, receiving notices or taking any action under this Section 2. 
 6.12 Delays or
Omissions. 
 No delay or omission to exercise any right, power or remedy accruing to any party under this Agreement, upon any breach or
default of any other party under this Agreement, shall impair any such right, power or remedy of such non-breaching or non-defaulting party nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or
in any similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring. Any waiver, permit, consent or approval of any kind or
character on the part of any Party or any breach or default under this Agreement, or any waiver on the part of any Party of any provision or conditions of this Agreement, must be in a writing executed by such Party and shall be effective only to the
extent specifically set forth in such writing. 

  
 26 

 [Remainder of Page Intentionally Left Blank] 

  
 27 

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Investors Rights
Agreement as of the date first above written. 
  

			
	COMPANY:
	
	COSKATA, INC.
		
	By:	 	 /s/ William J. Roe

	Name:	 	William J. Roe
	Title:	 	President and Chief Executive Officer

 SIGNATURE PAGE TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	FOUNDER:
	
	GPV FUND II LLC
		
	By:	 	 /s/ Aaron Mandell

	Aaron Mandell, Manager
	Hereunto Duly Authorized

 SIGNATURE PAGE TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	Blackstone Tenex L.P.
	Blackstone Clean Technology Partners, L.P.
	 Blackstone Family Cleantech Investment
 Partnership, L.P.

	 Blackstone Family Cleantech Investment
 Partnership SMD, L.P.

	
	 By: Blackstone Cleantech Venture Associates
 L.L.C., its general partner

		
	By:	 	 /s/ Jamie Kiggen

	Name: Jamie Kiggen
	Title: Authorized Person

 SIGNATURE PAGE TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	TOTAL ENERGY VENTURES INTERNATIONAL, S.A.S.
		
	By:	 	 /s/ Manoelle
Lepoutre            

	Name: Manoelle Lepoutre
	Title: President

 SIGNATURE PAGE TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	CCM QUALIFIED MASTER FUND, LTD.
		
	By:	 	 /s/ Clint D. Coghill

	Name: Clint D. Coghill
	Title: Director
	
	CCM SPV II, LLC
		
	By:	 	 /s/ Clint D. Coghill

	Name: Clint D. Coghill
	Title: President and CIO of Managing Member, Coghill Capital Management, LLC

 SIGNATURE PAGE TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	 ADVANCED TECHNOLOGY VENTURES
 VII, L.P.

	
	By: ATV Associates VII, LLC, its General Partner
		
	By:	 	 /s/ William Wiberg

		 	Name: William Wiberg
		 	Title: Managing Director
	
	 ADVANCED TECHNOLOGY VENTURES
 VII (B), L.P.

	
	By: ATV Associates VII, LLC, its General Partner
		
	By:	 	 /s/ William Wiberg

		 	Name: William Wiberg
		 	Title: Managing Director
	
	 ADVANCED TECHNOLOGY VENTURES
 VII (C), L.P.

	
	By: ATV Associates VII, LLC, its General Partner
		
	By:	 	 /s/ William Wiberg

		 	Name: William Wiberg
		 	Title: Managing Director
	
	ATV ENTREPRENEURS VII, LP
	
	By: ATV Associates VII, LLC, its General Partner
		
	By:	 	 /s/ William Wiberg

		 	Name: William Wiberg
		 	Title: Managing Director

 SIGNATURE PAGE TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	KHOSLA VENTURES II, LP
		
	 By:
	 	     Khosla Ventures Associates II, LLC, a
     Delaware limited liability company and
     general
partner of Khosla Ventures II, LP

		
	 By:
	 	 /s/ Samir Kaul

			
	 Name:
	 	Samir Kaul
	 Title:
	 	Member
	
	KHOSLA VENTURES III, LP

 
			
		
	 By:
	 	     Khosla Ventures Associates III, LLC, a
     Delaware limited liability company and
     general
partner of Khosla Ventures III, LP

		
	 By:
	 	 /s/ Samir Kaul

			
	 Name:
	 	Samir Kaul
	 Title:
	 	Member

 SIGNATURE PAGE TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	 GENERAL MOTORS VENTURES LLC

		
	 By:
	 	 /s/ Jon Lauckner

			
	 Name:
	 	Jon Lauckner
	 Title:
	 	President

 SIGNATURE PAGE TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	GLOBESPAN CAPITAL PARTNERS V, L.P.
		
	 By:
	 	     Globespan Management Associates V, L.P.
     Its sole General Partner

		
	 By:
	 	    Globespan Management Associates V, LLC     Its sole General Partner
		
	 By:
	 	 /s/ Andrew Goldfarb

			
	 Name:
	 	Andrew Goldfarb
	 Title:
	 	Authorized Signatory

 SIGNATURE PAGE TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	TRIPLEPOINT CAPITAL LLC
		
	By:	 	 /s/ Sajal Srivastava

			
	Name:	 	Sajal Srivastava
	Title:	 	Chief Operating Officer

 SIGNATURE PAGE TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	THE LYNCH FOUNDATION u/a 07/14/88
		
	By:	 	 /s/ Peter S. Lynch

	Name:	 	Peter S. Lynch
	Title:	 	Trustee
	
	PETER AND CAROLYN LYNCH JT TEN WROS
		
	By:	 	 /s/ Peter S. Lynch

	Name:	 	 Peter S. Lynch 

	Title:	 	
	
	 LYNCH CHILDRENS TRUST fbo
 ANNE LYNCH u/a 03/08/88

		
	By:	 	 /s/ Carolyn A. Lynch

	Name:	 	Carolyn A. Lynch
	Title:	 	Trustee
	
	 LYNCH CHILDRENS TRUST fbo
 ELIZABETH LYNCH u/a 03/08/88

		
	By:	 	 /s/ Carolyn A. Lynch

	Name:	 	Carolyn A. Lynch
	Title:	 	Trustee
	
	 LYNCH CHILDRENS TRUST fbo
 MARY LYNCH u/a 03/08/88

		
	By:	 	 /s/ Carolyn A. Lynch

	Name:	 	Carolyn A. Lynch
	Title:	 	Trustee

 SIGNATURE PAGE TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	PETER S. LYNCH CHARITABLE LEAD ANNUITY u/a 03/27/96
		
	By:	 	 /s/ Carolyn A. Lynch

			
	Name: Carolyn A. Lynch
	Title: Trustee
	
	PETER S. LYNCH CHARITABLE LEAD UNITRUST u/a 03/03/97
		
	By:	 	 /s/ Carolyn A.
Lynch            

	Name: Carolyn A. Lynch
	Title: Trustee
	
	 PETER S. AND CAROLYN A. LYNCH
 1999 UNITRUST u/a 12/28/99

		
	By:	 	 /s/ Carolyn A.
Lynch            

	Name: Peter S. Lynch
	Title: Trustee

 SIGNATURE PAGE TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	 INVESTORS:

	
	 WEISS FAMILY TRUST

		
	 By:
	 	 /s/ [illegible]

	 Name:

	 Title:

 SIGNATURE PAGE TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
	
	 INVESTORS:

	
	ROGER KIMMEL
	
	 /s/ Roger Kimmel

 SIGNATURE PAGE TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	 INVESTORS:

	
	 MEGAN WEISS AND ERIC NEEDLEMAN

		
	 By:
	 	 /s/ [illegible]

	 Name:

	 Title:

 SIGNATURE PAGE TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
	
	 INVESTORS:

	
	 MELISSA KIMMEL

	
	 /s/ Melissa Kimmel

 SIGNATURE PAGE TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	 SC GREEN ENERGY TECH, INC. 

(a Sumitomo Corporation green energy tech investment company)

		
	 By:
	 	 /s/ Jun Kono

	 Name:
	 	 Jun Kono

	 Title:
	 	 Executive Vice President

	
	PRESIDIO VENTURES, INC.
		
	 By:
	 	 /s/ Toshihiko Kusakabe

	 Name:
	 	 Toshihiko Kusakabe

	 Title:
	 	 CEO & President

 SIGNATURE PAGE TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	ARANCIA INTERNATIONAL INC.
		
	 By:
	 	 /s/ Ignacio Aranguren

	 Name:
	 	 Ignacio Aranguren

	 Title:
	 	 President

 SIGNATURE PAGE TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	 WILLIAM J. ROE

	
	 /s/ William Roe

 SIGNATURE PAGE TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 
			
	INVESTORS:
	
	REVOCABLE TRUST OF BRADLEY J. BELL DATED DECEMBER 21, 1988 AS AMENDED AND RESTATED
		
	 By:
	 	 /s/ Bradley J. Bell

	 Name:
	 	 Bradley J. Bell

	 Title:
	 	 Authorized Signatory

 SIGNATURE PAGE TO AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 SCHEDULE A 
 SCHEDULE OF INVESTORS 
 Blackstone Tenex L.P. 

Blackstone Clean Technology Partners, L.P. 

Blackstone Family Cleantech Investment Partnership, L.P. 
 Blackstone Family Cleantech Investment Partnership SMD, L.P. 
 c/o The Blackstone Group 

345 Park Avenue 
 New York, NY 10154 

Attn: Jamie Kiggen, Senior Managing Director 

Total Energy Ventures International, S.A.S. 

Tour Coupole, 2 Place Jean Millier 
 La Defense
6, 92400 
 Courbevoie, France 
 CCM
Qualified Master Fund, Ltd. 
 CCM SPV II, LLC 
 One North Wacker Drive, Suite 4350 
 Chicago, IL 60606 

Advanced Technology Ventures VII, L.P.; 

Advanced Technology Ventures VII (B), L.P.; 

Advanced Technology Ventures VII (C), L.P.; 
 ATV
Entrepreneurs VII, L.P. 
 Bay Colony Corporate Center 
 1000 Winter Street, Suite 3700 
 Waltham, MA 02451-1148 

Khosla Ventures II, LP 
 Khosla Ventures III, LP

 3000 Sand Hill Road, Bldg. 3, Suite 170 
 Menlo Park, CA 94025 
 Attn: Kim Totah 
 General Motors Ventures LLC 
 Mail Code 482-C37-D99 300 

Renaissance Center Detroit, MI 48265 
 Attn: Tim
Brumbaugh 
 Globespan Capital Partners V, L.P. 
 300 Hamilton Avenue 
 Palo Alto, CA 94301 

 TriplePoint Capital LLC 
 2755 Sand Hill Rd 
 Menlo Park, CA 94025 
 The Lynch Foundation u/a 07/14/88 
 82 Devonshire Street, S4A 

Boston, MA 02109 
 Attn: Peter S. Lynch, Trustee

 Peter and Carolyn Lynch JT Ten WROS 

82 Devonshire Street, S4A 
 Boston, MA 02109

 Lynch Childrens Trust fbo Anne Lynch u/a 03/08/88; 
 Lynch Childrens Trust fbo Elizabeth Lynch u/a 03/08/88; 
 Lynch Childrens Trust fbo Mary Lunch u/a
03/08/88; 
 Peter S. Lynch Charitable Lead Annuity u/a 03/27/96; 
 Peter S. Lynch Charitable Lead Unitrust u/a 03/03/97; 
 82 Devonshire Street, S4A 

Boston, MA 02109 
 Attn: Carolyn A. Lynch,
Trustee 
 Peter S. and Carolyn A. Lynch 1999 Unitrust u/a 12/28/99 
 82 Devonshire Street, S4A 
 Boston, MA 02109 

Attn: Peter S. Lynch, Trustee 
 Weiss Family
Trust 
 100 Irvine Cove Place 
 Laguna
Beach, CA 92651 
 Attn: Dr. Stephen and Renee Weiss 
 Roger Kimmel 
 1046 Lake Avenue 
 Greenwich, CT 06831 
 Megan Weiss and Eric Needleman 

1471 North Doheny Drive 
 Los Angeles, CA 90069

 Melissa Kimmel 
 7012 Arandale Road

 Bethesda, MD 20817 

 SC Green Energy Tech, Inc. 
 Presidio Ventures, Inc. 
 Attn: Hajime Uchiike 

600 Third Avenue 
 New York, NY 10016 

Arancia International Inc. 
 c/o One Wilshire
Boulevard, Suite 2000 
 Los Angeles, CA 90017-3321 
 Attn: S. L. Bradford 
 William J. Roe 
 c/o Coskata, Inc. 
 4575 Weaver Parkway, Suite 100 

Warrenville, IL 60555 
 Revocable Trust of
Bradley J. Bell 
 Dated December 21, 1988 as amended and restated 
 28 Muirfield 
 Wheaton, IL 60189Amended and Restated Voting Agreement

 Exhibit 10.7 
 COSKATA, INC. 
 AMENDED AND RESTATED 

VOTING AGREEMENT 
 AUGUST 3, 2011 

 TABLE OF CONTENTS 

 

									
	 	 	 	 	 	  	Page	 
	1.	 	Voting Provisions Regarding Board of Directors	  	 	2	  
				
		 	1.1	 	Size of the Board	  	 	2	  
		 	1.2	 	Board Composition	  	 	2	  
		 	1.3	 	Failure to Designate a Board Member	  	 	3	  
		 	1.4	 	Removal of Board Members	  	 	3	  
		 	1.5	 	No Liability for Election of Recommended Directors	  	 	4	  
		 	1.6	 	Observers	  	 	4	  
			
	2.	 	Drag Along	  	 	5	  
				
		 	2.1	 	Drag Along Generally	  	 	5	  
		 	2.2	 	Stockholder Action	  	 	5	  
		 	2.3	 	Closing	  	 	5	  
		 	2.4	 	Definition	  	 	6	  
			
	3.	 	Remedies	  	 	6	  
				
		 	3.1	 	Covenants of the Company	  	 	6	  
		 	3.2	 	Specific Enforcement	  	 	6	  
		 	3.3	 	Remedies Cumulative	  	 	7	  
		 	3.4	 	Restrictions on Sales of Control of the Company	  	 	7	  
			
	4.	 	Term	  	 	7	  
			
	5.	 	Miscellaneous	  	 	7	  
				
		 	5.1	 	Additional Parties	  	 	7	  
		 	5.2	 	Transfers	  	 	8	  
		 	5.3	 	Successors and Assigns	  	 	8	  
		 	5.4	 	Governing Law	  	 	8	  
		 	5.5	 	Counterparts	  	 	8	  
		 	5.6	 	Titles and Subtitles	  	 	9	  
		 	5.7	 	Notices	  	 	9	  
		 	5.8	 	Costs of Enforcement	  	 	9	  
		 	5.9	 	Amendment and Waiver	  	 	9	  
		 	5.10	 	Severability	  	 	10	  
		 	5.11	 	Entire Agreement	  	 	10	  
		 	5.12	 	Legend on Share Certificates	  	 	11	  
		 	5.13	 	Stock Splits, Stock Dividends, etc	  	 	11	  

  
 i 

							
	 	 	 	 	 	  	Page
		 	5.14	 	Manner of Voting	  	  11
		 	5.15	 	Further Assurances	  	  11
		 	5.16	 	Delays or Omissions	  	  11
				
		 	Schedule A	 	Founders	  	
		 	Schedule B	 	Investors	  	
		 	Exhibit A	 	Adoption Agreement	  	

  
 ii 

 AMENDED AND RESTATED VOTING AGREEMENT 

THIS AMENDED AND RESTATED VOTING AGREEMENT (the “Agreement”) is made and entered into as of this
3
rd day of August, 2011, by and among Coskata, Inc., a Delaware corporation (the “Company”), those
certain stockholders of the Company and holders of options to acquire shares of the capital stock of the Company listed on Schedule A hereto (together with any subsequent stockholders or option holders, or any transferees, who become parties
hereto as a “Founder” pursuant to Sections 5.1 and 5.2 below (the “Founders”), and each holder of the Company’s Preferred Stock (as such term is defined below) listed on Schedule B hereto (together with
any additional parties or transferees who become parties hereto as “Investors” pursuant to Sections 5.1 and 5.2 below (the “Investors” and together collectively with the Founders, the
“Stockholders”). The Company, the Founders and the Investors are sometimes individually referred to herein as a “Party” and are sometimes collectively referred to herein as the “Parties.”

 RECITALS 
 A. The Company, the Founders and certain of the Investors have previously entered into that certain Amended and Restated Voting Agreement, dated as of April 19, 2010 (the “Prior
Agreement”). 
 B. The Company and certain of the Investors are parties to that certain Series D Preferred Stock Purchase Agreement of
even date herewith (the “Purchase Agreement”), and in connection therewith the Parties desire to establish their right, among other rights, to elect certain members of the board of directors of the Company (the
“Board”) in accordance with the terms of this Agreement. 
 C. The Amended and Restated Certificate of Incorporation, effective
as of the date hereof, as further amended from time to time, of the Company (the “Certificate of Incorporation”) provides that (a) the holders of record of the shares of the Company’s Series A Convertible Preferred Stock,
$0.01 par value per share (the “Series A Preferred Stock”), exclusively and as a separate series, shall be entitled to elect two (2) directors of the Company (the “Series A Directors”), (b) the holders of
record of the shares of the Company’s Series B Convertible Preferred Stock, $0.01 par value per share (the “Series B Preferred Stock”), exclusively and as a separate series, shall be entitled to elect one (1) director of
the Company (the “Series B Director”), (c) the holders of record of the shares of the Company’s Series C Convertible Preferred Stock, $0.01 par value per share (the “Series C Preferred Stock” and together
with the Series A Preferred Stock and the Series B Preferred Stock, the “Preferred Stock”), exclusively and as a separate series, shall be entitled to elect two (2) directors of the Company (the “Series C
Directors” and together with the Series A Directors and the Series B Director, the “Preferred Directors”), and (d) that the holders of record of the shares of common stock of the Company, $0.001 par value per share
(the “Common Stock”), exclusively and as a single class, shall be entitled to elect four (4) directors of the Company (the “Common Directors”). 

  
 1 

 AGREEMENT 
 NOW, THEREFORE, in consideration of the foregoing and the mutual promises contained herein, the Parties agree as follows. 
 1. Voting Provisions Regarding Board of Directors. 
 1.1 Size of the
Board. 
 Each Stockholder agrees to vote, or cause to be voted, all Shares (as defined below in this Section 1.1)
owned by such Stockholder, or over which such Stockholder has voting control, from time to time and at all times, in whatever manner as shall be necessary to ensure that the size of the Board shall be set and remain at nine (9) directors. For
purposes of this Agreement, the term “Shares” shall mean and include any securities of the Company the holders of which are entitled to vote for members of the Board, including without limitation, all shares of Common Stock and Preferred
Stock, by whatever name called, now owned or subsequently acquired by a Stockholder, however acquired, whether through stock splits, stock dividends, reclassifications, recapitalizations, similar events or otherwise. 

1.2 Board Composition. 
 Each Stockholder agrees to vote, or cause to be voted, all Shares owned by such Stockholder, or over which such Stockholder has voting control, from time to time and at all times, in whatever manner as
shall be necessary to ensure that at each annual or special meeting of stockholders at which an election of directors is held or pursuant to any written consent of the stockholders, the following persons shall be elected to the Board: 

(a) At each election of directors in which the holders of the Series A Preferred Stock, voting as a separate class, are entitled to elect
two (2) directors of the Company, (i) so long as the Advanced Technology Investors (“ATV”), as identified in Schedule B hereto, hold any shares of Series A Preferred Stock, one individual designated by ATV, which
individual shall initially be Bill Wiberg, and (ii) so long as Khosla Ventures II, LP (“Khosla”) holds any shares of Series A Preferred Stock, one (1) individual designated by Khosla, which individual shall initially be
Samir Kaul; 
 (b) At each election of directors in which the holders of the Series B Preferred Stock, voting as a separate
class, are entitled to elect one (1) director of the Company, so long as CCM Qualified Master Fund, Ltd. (“CCM”) holds any shares of Series B Preferred Stock, one individual designated by CCM, which individual shall initially
be Clint Coghill; 
 (c) At each election of directors in which the holders of the Series C Preferred Stock, voting as a
separate class, are entitled to elect two (2) directors of the Company, (i) so long as Blackstone Clean Technology Partners L.P. (“Blackstone”) holds any shares of Series C Preferred Stock, one (1) individual
designated by Blackstone, which individual shall initially be Jamie Kiggen and (ii) so long as Total Energy Ventures International, S.A.S. (“Total”) holds any shares of Series C Preferred Stock, one (1) individual
designated by Total, which individual shall initially be Benoit Charpentier; and 

  
 2 

 (d) At each election of directors in which the holders of Common Stock, voting as a single
class, are entitled to elect directors of the Company, (i) one (1) individual shall be the Chief Executive Officer of the Company, which director shall initially be William Roe, (ii) one (1) individual shall be designated by GPV
Fund II LLC (“GPV”), which individual shall initially be Andrew Perlman, and (iii) two (2) additional individuals, each of whom shall have relevant industry experience and is not an Affiliate (defined below) of the Company
or of any Investor, and who is acceptable to two-thirds (2/3) of the Preferred Directors, which individuals shall initially be Bradley J. Bell and T. Kevin DeNicola. 
 To the extent that any of clauses (a) through (d) above shall not be applicable, any member of the Board who would otherwise have been designated in accordance with the terms thereof shall
instead be voted upon by all the stockholders of the Company entitled to vote thereon in accordance with, and pursuant to, the Company’s Certificate of Incorporation, as may be amended or amended and restated from time to time. 

For purposes of this Agreement, an individual, firm, corporation, partnership, association, limited liability company, trust or any other
entity (collectively, a “Person”) shall be deemed an “Affiliate” of another Person who or which, directly, or indirectly through one or more intermediaries, controls, is controlled by or is under common control with
such specified Person, including any general partner or limited partner (including without limitation any retired partner), manager or member (including without limitation any retired member), officer or director of such specified Person, and any
venture capital or private equity fund or other person now or hereafter existing which is controlled by or under common control with such specified Person or one or more general partners or managers of such specified Person, or which shares the same
management or parent company with such specified Person. For purposes of the foregoing, “control”, “controlled by” and “under common control with” with respect to any entity shall mean the possession, directly or
indirectly, of the power to direct or cause the direction of the management and policies of such entity, whether through the ownership of voting securities, partnership interests or by contract or otherwise. 

1.3 Failure to Designate a Board Member. 
 In the absence of any designation from the persons or groups with the right to designate a director as specified above, the director previously designated by them and then serving shall be reelected if
still eligible to serve as provided herein. 
 1.4 Removal of Board Members. 

Each Stockholder also agrees to vote, or cause to be voted, all Shares owned by such Stockholder, or over which such Stockholder has
voting control, from time to time and at all times, in whatever manner as shall be necessary to ensure that: 
 (a) no director
elected pursuant to Sections 1.2 or 1.3 of this Agreement may be removed from office unless (i) with respect to the director elected pursuant to Section 1.2(a)(i) of this Agreement, such removal is directed or approved
by ATV; (ii) with respect to the director 

  
 3 

 
elected pursuant to Section 1.2(a)(ii) of this Agreement, such removal is directed or approved by Khosla; (iii) with respect to the director elected pursuant to
Section 1.2(b) of this Agreement, such removal is directed or approved by CCM; (iv) with respect to the director elected pursuant to Section 1.2(c)(i) of this Agreement, such removal is directed or approved by
Blackstone; (v) with respect to the director elected pursuant to Section 1.2(c)(ii) of this Agreement, such removal is directed or approved by Total, (vi) with respect to the directors elected pursuant to
Section 1.2(d)(i) and (ii) of this Agreement, such removal is directed or approved by a majority of the Shares held by the Common Stockholders; and (vii) in the case of the two (2) directors elected pursuant to
Section 1.2(d)(iii) of this Agreement, such removal is also acceptable to and approved by two-thirds (2/3) of the Preferred Directors; and 
 (b) any vacancies created by the resignation, removal or death of a director elected pursuant to Sections 1.2 or 1.3 shall be filled pursuant to the provisions of this Section 1.

 Each Stockholder agrees to take all other necessary or desirable actions within such Stockholder’s control (whether in such
Stockholder’s capacity as a stockholder, director, member of a board committee or officer of the Company or otherwise, and including, without limitation, attendance at meetings in person or by proxy for purposes of obtaining a quorum and
execution of written consents in lieu of meetings) in order to effectuate the provisions of this Section 1. The Company agrees to take all other necessary or desirable actions within the Company’s control (including, without
limitation, calling a special meeting of stockholders for the purpose of electing directors) in order to effectuate the provisions of this Section 1. 
 1.5 No Liability for Election of Recommended Directors. 
 No Party, nor any
officer, director, stockholder, partner, employee or agent of any such Party, shall have any liability as a result of designating a person for election as a director for any act or omission by such designated person in his or her capacity as a
director of the Company, nor shall any Party have any liability as a result of voting for any such designee in accordance with the provisions of this Agreement. 
 1.6 Observers. 
 For such time as GPV has the right to designate a director
pursuant to Section 1.2(d)(ii), (a) while Aaron Mandell is a member of GPV, the Company shall provide Aaron Mandell with copies of all notices of meetings of the Company’s directors and other material provided by the Company to
its directors and Aaron Mandell shall be entitled to attend and observe all meetings of the Company’s directors and (b) while Avi Goldberg is a member of GPV, the Company shall provide Avi Goldberg with copies of all notices of meetings of
the Company’s directors and other material provided by the Company to its directors and Avi Goldberg shall be entitled to attend and observe all meetings of the Company’s directors. 

  
 4 

 2. Drag Along. 
 2.1 Drag Along Generally. 
 Subject to the right of Total set forth in
Section 5.1 of the Amended and Restated Investors Rights Agreement of even date herewith, in the event that (i) the Board and (ii) Investors holding at least two-thirds (2/3) of the outstanding shares of the Preferred Stock,
voting together as a single class on an as converted to Common Stock basis (the “Majority”) approve a Change of Control (as defined in Section 2.4), the Company (if a merger, consolidation, or sale of assets) or the Majority
(if a sale of stock) shall provide all Stockholders who are not part of the Majority (the “Minority”) at least twenty (20) calendar days advance notice of such Change of Control (the “Change of Control
Notice”), which Change of Control Notice shall include a reasonably detailed description of the Change of Control, including the proposed time and place of closing, the consideration to be received by the Stockholders, and any other
material terms. Upon receipt of the Change of Control Notice, the Minority shall be deemed to have consented to, voted for, and raised no objections to the Change of Control, and (x) if the Change of Control is structured as a merger or
consolidation of the Company, or a sale of all or substantially all of the Company’s assets, the Minority shall be deemed to have waived any dissenters’ rights, appraisal rights, or similar rights in connection with such merger,
consolidation, or asset sale, or (y) if the Change of Control is structured as a sale, transfer, or exchange of the stock of the Company, all Stockholders shall be deemed to have agreed to sell all of their Shares on the terms and conditions
approved by the Majority with the consideration to be paid in respect of such sale, transfer, or exchange to be allocated or distributed among the Stockholders in accordance with the terms of the Company’s Certificate of Incorporation, as
amended and then in effect, including without limitation the priority and preferences of the Preferred Stock. 
 2.2
Stockholder Action. 
 The Stockholders shall take all actions reasonably requested by the Majority in connection with
the consummation of the Change of Control, including, without limitation, the execution and delivery of such certificates, agreements, and instruments and the taking of such other actions reasonably necessary to effectuate the Change of Control,
including, without limitation, making such representations and warranties if required, as are usual and customary in a transaction of the nature of the Change of Control; provided, however, that no Stockholder may be required to be liable for any
indemnification or other obligations or to make any representations, warranties or covenants in connection with any Change of Control unless the Majority are liable for the same or pro rata indemnification obligations and make the same or pro rata
representations, warranties, and covenants as the Minority; provided, further, that in no event shall any Stockholder be required to be liable for any indemnification or other obligations in excess of the amount of proceeds such Stockholder actually
received as a result of such Change of Control transaction. 
 2.3 Closing. 

The closing of any Change of Control shall be held at such time and place as the Company (if a merger, consolidation, or sale of assets)
or the Majority (if a sale of stock) shall reasonably specify. At such closing, the Stockholders shall deliver certificates representing the Shares to be sold, if any, duly endorsed for transfer and accompanied by all requisite stock transfer taxes,
if any, and the Shares to be transferred shall be free and clear of any liens, claims or encumbrances (other than restrictions imposed by this Agreement and other agreements among the Company and its stockholders including, without limitation; that
certain Amended 

  
 5 

 
and Restated Right of First Refusal and Co-Sale Agreement of even date herewith, as amended; that certain Amended and Restated Investors’ Rights Agreement of even date herewith, as amended;
and that certain Restricted Stock Agreement dated as of June 28, 2006, as amended). In addition to any representations and warranties set forth above, each of the Stockholders shall further represent and warrant that it is the record and
beneficial owner of such Shares and make such additional representations and warranties and related indemnities relating to its ownership of the Shares as shall be customary in transactions of a similar nature. 

2.4 Definition. 
 Each of the following events shall be considered a “Change of Control”: 
 (a) any sale of a majority of the Shares (on an as converted to Common Stock basis) to any person or entity; 
 (b) a merger or consolidation in which the Company is a constituent party and the holders of all of the Shares immediately before the merger or consolidation hold, immediately after such merger or
consolidation capital stock or other ownership rights in the surviving entity (whether the Company or any other entity) representing less than a majority of the voting rights or the right to receive one-half or less of the total of all periodic or
liquidating distributions; or 
 (c) the sale, lease, transfer or other disposition, in a single transaction or series of
related transactions, by the Company or any subsidiary of the Company of all or substantially all the assets of the Company and its subsidiaries taken as a whole, or the sale or disposition (whether by merger or otherwise) of one or more
subsidiaries of the Company if substantially all of the assets of the Company and its subsidiaries taken as a whole are held by such subsidiary or subsidiaries, or the exclusive license by the Company or any subsidiary of the Company of all or
substantially all of the material intellectual property of the Company and its subsidiaries taken as a whole, except where such sale, lease, transfer, exclusive license or other disposition is to a wholly owned subsidiary of the Company. 

3. Remedies. 
 3.1
Covenants of the Company. 
 The Company agrees to use its best efforts, within the requirements of applicable law, to
ensure that the rights granted under this Agreement are effective and that the Parties enjoy the benefits of this Agreement. Such actions include, without limitation, the use of the Company’s best efforts to cause the nomination and election of
the directors as provided above. 
 3.2 Specific Enforcement. 

Each Party acknowledges and agrees that each Party hereto will be irreparably damaged in the event any of the provisions of this
Agreement are not performed by the Parties in accordance with their specific terms or are otherwise breached. Accordingly, it is agreed that 

  
 6 

 
each of the Company and the Stockholders shall be entitled to an injunction to prevent breaches of this Agreement and to specific enforcement of this Agreement and its terms and provisions in any
action instituted in any court of the United States or any state having subject matter jurisdiction. 
 3.3 Remedies
Cumulative. 
 All remedies, either under this Agreement or by law or otherwise afforded to any Party, shall be cumulative
and not alternative. 
 3.4 Restrictions on Sales of Control of the Company. 

No Stockholder shall be a party to any transaction or series of related transactions that involves the sale, to any Person or group of
Affiliates, of shares of capital stock representing a majority of the voting power of all outstanding shares of capital stock of the Company unless all holders of Preferred Stock are allowed to participate in such transaction and the consideration
received pursuant to such transaction is allocated among the parties thereto in the manner specified in section 2 of part B of Article Fourth of the Certificate of Incorporation (as if such transaction were a Deemed Liquidation Event, as such term
is defined in section 2.3 of part B of Article Fourth of the Certificate of Incorporation), unless both the holders of at least two-thirds (2/3) of the Preferred Stock and the holders of at least two-thirds (2/3) of the Series C Preferred
Stock elect otherwise by written notice given to the Company at least twenty (20) days prior to the effective date of any such transaction or series of related transactions. 
 4. Term. 
 This Agreement shall be effective as of the date hereof and
shall continue in effect until and shall terminate upon the earlier to occur of (a) the consummation of the Company’s initial public offering of its Common Stock (other than a registration statement relating either to the sale of
securities to employees of the Company pursuant to its stock option, stock purchase or similar plan or an SEC Rule 145 transaction) in which all of the all outstanding shares of Preferred Stock shall automatically be converted into shares of Common
Stock, or (b) the consummation of a Deemed Liquidation Event (as defined in the Certificate of Incorporation); provided, however, that in the event of a termination pursuant to clause (b) above, any obligations pursuant to
Section 2 that have not been performed prior to such consummation or that cannot by their nature be performed prior to such consummation shall survive until performed, and Section 3.2 and any other applicable provisions of
Section 3 and Section 5 shall likewise survive for the same period. 
 5. Miscellaneous. 

5.1 Additional Parties. 
 In the event that after the date of this Agreement, the Company enters into an agreement with any Person to issue shares of capital stock to such Person, following which such Person shall hold Shares
constituting one percent (1%) or more of the Company’s then 

  
 7 

 
outstanding capital stock (treating for this purpose all shares of Common Stock issuable upon exercise of or conversion of outstanding options, warrants or convertible securities, as if exercised
and/or converted or exchanged), then, the Company shall cause such Person, as a condition precedent to entering into such agreement, to become a party to this Agreement by executing an Adoption Agreement in the form attached hereto as
Exhibit A, agreeing to be bound by and subject to the terms of this Agreement as a Stockholder hereunder and thereafter such person shall be deemed to be an Investor and Stockholder, or Founder and Stockholder, for all purposes hereunder, as
applicable. 
 5.2 Transfers. 
 Each transferee or assignee of any Shares subject to this Agreement shall continue to be subject to the terms hereof, and, as a condition precedent to the Company’s recognizing such transfer, each
transferee or assignee shall agree in writing to be subject to each of the terms of this Agreement by executing and delivering an Adoption Agreement substantially in the form attached hereto as Exhibit A. Upon the execution and delivery of an
Adoption Agreement by any transferee, such transferee shall be deemed to be a Party hereto as if such transferee were the transferor and such transferee’s signature appeared on the signature pages of this Agreement and shall be deemed to be an
Investor and Stockholder, or Founder and Stockholder, for all purposes hereunder, as applicable. The Company shall not permit the transfer of the Shares subject to this Agreement on its books or issue a new certificate representing any such Shares
unless and until such transferee shall have complied with the terms of this Section 5.2. Each certificate representing the Shares subject to this Agreement if issued on or after the date of this Agreement shall be endorsed by the Company
with the legend set forth in Section 5.12. 
 5.3 Successors and Assigns. 

The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the
Parties. Nothing in this Agreement, express or implied, is intended to confer upon any Party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this
Agreement, except as expressly provided in this Agreement. 
 5.4 Governing Law. 

This Agreement shall be governed by and construed in accordance with the General Corporation Law of the State of Delaware as to matters
within the scope thereof, and as to all other matters shall be governed by and construed in accordance with the internal laws of the State of California, without regard to its principles of conflicts of laws. 

5.5 Counterparts. 
 This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. This Agreement may also be
executed and delivered by facsimile signature (including by electronic transmission in PDF format or comparable electronic transmission) and in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument. 

  
 8 

 5.6 Titles and Subtitles. 

The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting
this Agreement. 
 5.7 Notices. 
 All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the Party to be notified,
(b) when sent by confirmed electronic mail or confirmed facsimile if sent during normal business hours of the recipient, and if after normal business hours, then on the next business day (subject to confirmation of receipt), (c) five
(5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written
verification of receipt. All communications shall be sent to the respective Parties at their address as set forth on Schedule A or Schedule B hereto, or to such email address, facsimile number or address as subsequently modified by written notice
given in accordance with this Section 5.7. If notice is given to the Company, a copy (which shall not constitute notice) shall also be sent to Christopher L. Kaufman, Esq., Latham & Watkins LLP, 140 Scott Drive, Menlo Park, CA
94025, email: christopher.kaufman@lw.com. If notice is given to GPV Fund II LLC, a copy (which shall not constitute notice) shall also be sent to Peter Finn, Esq., Rubin and Rudman LLP, 50 Rowes Wharf, Boston, MA 02110, email:
pfinn@rubinrudman.com. If notice is given to Total, a copy (which shall not constitute notice) shall also be sent to Lowell D. Ness, Esq., Orrick, Herrington & Sutcliffe LLP, 1000 Marsh Road, Menlo Park, CA 94025, email:
lness@orrickc.com. Notwithstanding the forgoing, notice may be given to a party by confirmed electronic transmission or confirmed facsimile if an email address or facsimile number, respectively, for such party is set forth on Schedule
A or Schedule B hereof. 
 5.8 Costs of Enforcement. 

If any Party to this Agreement seeks to enforce its rights under this Agreement by legal proceedings, the non-prevailing Party shall pay
all costs and expenses incurred by the prevailing Party, including, without limitation, all reasonable attorneys’ fees. 

5.9 Amendment and Waiver. 
 Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively) only by a
written consent of: the Company, Founders then providing services to the Company as directors, officers, employees or consultants (provided for the purposes hereof, “Founders” shall include any Affiliates of Founder) holding a majority of
the Common Stock held by such Founders, and the holders of two-thirds of each series of the Preferred Stock. Notwithstanding the foregoing: (i) this Agreement may not be amended or terminated and the observance of any term of this Agreement may
not be waived with respect to any Investor without the written consent of such Investor, unless such amendment, termination or waiver applies to all Investors, as the case may be, in the same fashion; (ii) any provision hereof may be waived by
the waiving Party on such Party’s own behalf, without the consent of any other Party; 

  
 9 

 
(iii) Schedule A hereto may be amended by the Company from time to time to add information regarding additional Founders or assignees who have become Founders pursuant to either
Section 5.1 or 5.2; (iv) Schedule B hereto may be amended by the Company from time to time to add information regarding additional Investors or assignees or Investors approved by the holders of two-thirds of the Preferred
Stock without the consent of the other Parties hereto; and (v) so long as ATV has the right to designate a director pursuant to Section 1.2(a)(i), Section 1.2(a)(i) of this Agreement shall not be amended, terminated or
waived without the written consent of ATV; so long as Khosla has the right to designate a director pursuant to Section 1.2(a)(ii), Section 1.2(a)(ii) of this Agreement shall not be amended, terminated or waived without the
written consent of Khosla; so long as CCM has the right to designate a director pursuant to Section 1.2(b), Section 1.2(b) of this Agreement shall not be amended, terminated or waived without the written consent of CCM; so
long as Blackstone has the right to designate a director pursuant to Section 1.2(c)(i), Section 1.2(c)(i) of this Agreement shall not be amended, terminated or waived without the written consent of Blackstone; so long as
Total has the right to designate a director pursuant to Section 1.2(c)(ii), Section 1.2(c)(ii) of this Agreement shall not be amended, terminated or waived without the written consent of Total; and so long as GPV has the
right to designate a director pursuant to Section 1.2(d)(ii), Sections 1.2(d)(ii) and 1.6 shall not be amended, terminated, or waived without the written consent of GPV. The Company shall give prompt written notice of any
amendment, termination or waiver hereunder to any Party that did not consent in writing thereto. Any amendment, termination or waiver effected in accordance with this Section 5.9 shall be binding on each Party and all of such
Party’s successors and permitted assigns, whether or not any such Party, successor or assignee entered into or approved such amendment, termination or waiver. No waivers or exceptions to any term, condition or provisions of this Agreement, in
any one or more instances, shall be deemed to be, or construed as, a further or continuing waiver of any such term, condition or waiver. 
 5.10 Severability. 
 In case any one or more of the provisions contained in
this Agreement shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement and such invalid, illegal and unenforceable
provision shall be reformed and construed so that it will be valid, legal and enforceable to the maximum extent permitted by law. 
 5.11 Entire Agreement. 
 This Agreement (including the Exhibits hereto, if
any), and the Certificate of Incorporation and the other Transaction Agreements (as defined in the Purchase Agreement) constitute the full and entire understanding and agreement between the Parties with respect to the subject matter hereof, and any
other written or oral agreement relating to the subject matter hereof existing between the Parties are expressly canceled. Without limiting the forgoing, this Agreement supersedes the Prior Agreement in its entirety, and all provisions of, rights
granted and covenants made in the Prior Agreement are hereby waived, released and superseded in their entirety and shall have no further force or effect. 

  
 10 

 5.12 Legend on Share Certificates. 

Each certificate representing any Shares issued after the date hereof shall be endorsed by the Company with a legend reading
substantially as follows: 
 “THE SHARES EVIDENCED HEREBY ARE SUBJECT TO A VOTING AGREEMENT, AS MAY BE AMENDED FROM TIME TO
TIME, (A COPY OF WHICH MAY BE OBTAINED UPON WRITTEN REQUEST FROM THE COMPANY), AND BY ACCEPTING ANY INTEREST IN SUCH SHARES THE PERSON ACCEPTING SUCH INTEREST SHALL BE DEEMED TO AGREE TO AND SHALL BECOME BOUND BY ALL THE PROVISIONS OF THAT VOTING
AGREEMENT, INCLUDING CERTAIN RESTRICTIONS ON TRANSFER AND OWNERSHIP SET FORTH THEREIN.” 
 The Company, by its execution of this Agreement,
agrees that it will cause the certificates evidencing the Shares issued after the date hereof to bear the legend required by this Section 5.12 of this Agreement, and it shall supply, free of charge, a copy of this Agreement to any holder
of a certificate evidencing Shares upon written request from such holder to the Company at its principal office. The Parties to this Agreement do hereby agree that the failure to cause the certificates evidencing the Shares to bear the legend
required by this Section 5.12 herein and/or the failure of the Company to supply, free of charge, a copy of this Agreement as provided hereunder shall not affect the validity or enforcement of this Agreement. 

5.13 Stock Splits, Stock Dividends, etc. 
 In the event of any issuance of Shares of the Company’s voting securities hereafter to any of the Stockholders (including, without limitation, in connection with any stock split, stock dividend,
recapitalization, reorganization, or the like), such Shares shall become subject to this Agreement and shall be endorsed with the legend set forth in Section 5.12. 
 5.14 Manner of Voting. 
 The voting of Shares pursuant to this Agreement
may be effected in person, by proxy, by written consent or in any other manner permitted by applicable law. 
 5.15 Further
Assurances. 
 At any time or from time to time after the date hereof, the Parties agree to cooperate with each other, and
at the request of any other Party, to execute and deliver any further instruments or documents and to take all such further action as the other Party may reasonably request in order to evidence or effectuate the consummation of the transactions
contemplated hereby and to otherwise carry out the intent of the Parties hereunder. 
 5.16 Delays or Omissions.

 No delay or omission to exercise any right, power or remedy accruing to any Party under this Agreement, upon any breach or
default of any other Party under this Agreement, shall impair any such right, power or remedy of such non-breaching or non-defaulting Party nor shall 

  
 11 

 
it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or in any similar breach or default thereafter occurring; nor shall any waiver of any single breach
or default be deemed a waiver of any other breach or default previously or thereafter occurring. Any waiver, permit, consent or approval of any kind or character on the part of any Party of any breach or default under this Agreement, or any waiver
on the part of any Party of any provisions or conditions of this Agreement, must be in a writing executed by such Party and shall be effective only to the extent specifically set forth in such writing. All remedies, either under this Agreement or by
law or otherwise afforded to any party, shall be cumulative and not alternative. 
 [Signature Page Follows] 

  
 12 

 IN WITNESS WHEREOF, the Parties have executed this Amended and Restated Voting Agreement as
of the date first written above. 
  

			
	COMPANY:
	
	COSKATA, INC.
		
	By: 	 	 /s/ William J. Roe

	Name: William J. Roe
	Title: President and Chief Executive Officer

 SIGNATURE PAGE TO AMENDED AND RESTATED VOTING AGREEMENT 

 
			
	FOUNDER:
	
	GPV FUND II LLC
		
	By:	 	 /s/ Andrew Perlman

	Andrew Perlman, Manager
	Hereunto Duly Authorized

 SIGNATURE PAGE TO AMENDED AND RESTATED VOTING AGREEMENT 

 
	
	 FOUNDER:

	
	 /s/ Todd Kimmel

	 Todd Kimmel

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 
	
	FOUNDER:
	
	 /s/ William J. Roe

	William J. Roe

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 
	
	 FOUNDER:

	
	 /s/ David Blair

	 David Blair

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 
	
	 FOUNDER:

	
	 /s/ Richard Tobey

	 Richard Tobey

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 
	
	 FOUNDER:

	
	 /s/ Jeffrey Burgard

	 Jeffrey Burgard

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 
			
	 INVESTORS:

	
	 Blackstone Tenex L.P.
 Blackstone Clean Technology Partners, L.P. Blackstone Family Cleantech Investment Partnership, L.P.

	Blackstone Family Cleantech Investment Partnership SMD, L.P.
	
	By: Blackstone Cleantech Venture Associates L.L.C., its general partner
		
	 By:
	 	 /s/ Jamie Kiggen

	 Name: Jamie Kiggen

	 Title: Authorized Person

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 
			
	 INVESTORS:

	
	 Total Energy Ventures International, S.A.S.

		
	 By:
	 	 /s/ Manoelle Lepoutre

	 Name: Manoelle Lepoutre

	 Title: President

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 
			
	INVESTORS:
	
	CCM QUALIFIED MASTER FUND, LTD.
		
	By:	 	 /s/ Clint D. Coghill

	Name: Clint D. Coghill
	Title: Director
	
	CCM SPV II, LLC
		
	By:	 	 /s/ Clint D. Coghill

	Name: Clint D. Coghill
	Title: President and CIO of Managing
	Member, Coghill Capital Management, LLC

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 
			
	INVESTORS:
	
	 ADVANCED TECHNOLOGY VENTURES
 VII, L.P.

	
	By: ATV Associates VII, LLC, its General Partner
		
	By:	 	 /s/ William Wiberg

		 	    Name: William Wiberg
		 	    Title:    Managing Director
	
	 ADVANCED TECHNOLOGY VENTURES
 VII (B), L.P.

	
	By: ATV Associates VII, LLC, its General Partner
		
	By:	 	 /s/ William Wiberg

		 	    Name: William Wiberg
		 	    Title:    Managing Director
	
	 ADVANCED TECHNOLOGY VENTURES
 VII (C), L.P.

	
	By: ATV Associates VII, LLC, its General Partner
		
	By:	 	 /s/ William Wiberg

		 	    Name: William Wiberg
		 	    Title:    Managing Director
	
	ATV ENTREPRENEURS VII, LP
	
	By: ATV Associates VII, LLC, its General Partner
		
	By:	 	 /s/ William Wiberg

		 	    Name: William Wiberg
		 	    Title:    Managing Director

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 
			
	INVESTORS:
	
	KHOSLA VENTURES II, LP
		
	 By:
	 	 Khosla Ventures Associates II, LLC, a
 Delaware limited liability company and general partner of Khosla Ventures II, LP

		
	By:	 	 /s/ Samir Kaul

	Name: Samir Kaul
	Title: Member
	
	KHOSLA VENTURES III, LP
		
	By:	 	Khosla Ventures Associates III, LLC, a Delaware limited liability company and general partner of Khosla Ventures III, LP
		
	By:	 	 /s/ Samir Kaul

	Name: Samir Kaul
	Title: Member

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 
			
	INVESTORS:
	
	 GENERAL MOTORS VENTURES LLC

			
		
	 By:
	 	 /s/ Jon Lauckner

			
	 Name: Jon Lauckner

	 Title: President

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 
			
	INVESTORS:
	
	GLOBESPAN CAPITAL PARTNERS V, L.P.
		
	By:	 	 Globespan Management Associates V, L.P.
   Its sole General Partner

		
	By:	 	 Globespan Management Associates V, LLC
   Its sole General Partner

		
	By:	 	 /s/ Mary F. Bevelock

	Name: Mary F. Bevelock
	Title: Authorized Signatory

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 
			
	INVESTORS:
	
	TRIPLEPOINT CAPITAL LLC
	
	 /s/ Sajal Srivastava

	By:	 	Sajal Srivastava
	Title:	 	Chief Operating Officer

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 
			
	INVESTORS:
	
	THE LYNCH FOUNDATION u/a 07/14/88
		
	By:	 	 /s/ Peter S. Lynch

			
	Name:	 	Peter S. Lynch
	Title:	 	Trustee
	
	 PETER AND CAROLYN LYNCH JT TEN WROS

			
		
	By:	 	 /s/ [illegible]

			
	 Name:
	 	
	 Title:
	 	
	
	 LYNCH CHILDRENS TRUST fbo
 ANNE LYNCH u/a 03/08/88

 
			
		
	By:	 	 /s/ Carolyn A. Lynch

			
	Name:	 	Carolyn A. Lynch
	Title:	 	Trustee
	
	 LYNCH CHILDRENS TRUST fbo
 ELIZABETH LYNCH u/a 03/08/88

 
			
		
	By:	 	 /s/ Carolyn A. Lynch

			
	Name:	 	Carolyn A. Lynch
	Title:	 	Trustee
	
	 LYNCH CHILDRENS TRUST fbo
 MARY LYNCH u/a 03/08/88

 
			
		
	By:	 	 /s/ Carolyn A. Lynch

			
	Name:	 	Carolyn A. Lynch
	Title:	 	Trustee

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 
			
	INVESTORS:
	
	 PETER S. LYNCH CHARITABLE LEAD
 ANNUITY u/a 03/27/96

		
	By:	 	 /s/ Carolyn A. Lynch

	Name: Carolyn A. Lynch
	Title: Trustee

  

			
	 PETER S. LYNCH CHARITABLE LEAD
 UNITRUST u/a 03/03/97

		
	By:	 	 /s/ Carolyn A. Lynch

	Name: Carolyn A. Lynch
	Title: Trustee

  

			
	 PETER S. AND CAROLYN A. LYNCH
 1999 UNITRUST u/a 12/28/99

		
	By:	 	 /s/ Peter S. Lynch

	Name: Peter S. Lynch
	Title: Trustee

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 
			
	INVESTORS:
	
	WEISS FAMILY TRUST
		
	By:	 	 /s/ [illegible]

			
	Name:
	Title:

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 
			
	INVESTORS:
	
	ROGER KIMMEL
	
	 /s/ Roger Kimmel

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 
			
	INVESTORS:
	
	MEGAN WEISS AND ERIC NEEDLEMAN
		
	By:	 	 /s/ [illegible]

			
	Name:	 	
	Title:	 	

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 
			
	INVESTORS:
	
	MELISSA KIMMEL
	
	 /s/ Melissa Kimmel

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 
			
	INVESTORS:
	
	SC GREEN ENERGY TECH, INC.
	(a Sumitomo Corporation green energy tech corporation)
		
	 By:
	 	 /s/ Tsuyoshi Kondo

	 Name:
	 	Tsuyoshi Kondo
	 Title:
	 	President
	
	PRESIDIO VENTURES, INC.
		
	 By:
	 	 /s/ Toshihiko Kusakabe

	 Name:
	 	Toshihiko Kusakabe
	 Title:
	 	CEO & President

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 
	
	INVESTORS:
	
	WILLIAM J. ROE
	
	 /s/ William J. Roe

  
  

SIGNATURE PAGE TO AMENDED AND RESTATED VOTING AGREEMENT 

 
			
	INVESTORS:
	
	ARANCIA INTERNATIONAL INC.
		
	By:	 	 /s/ Ignacio Aranguren

	Name: Ignacio Aranguren
	Title: President

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 
			
	INVESTORS:
	
	 REVOCABLE TRUST OF BRADLEY J. BELL
 DATED DECEMBER 21, 1988 AS
 AMENDED AND RESTATED

		
	By:	 	 /s/ Bradley J. Bell

	Name: Bradley J. Bell
	Title: Authorized Signatory

  
 SIGNATURE PAGE TO
AMENDED AND RESTATED VOTING AGREEMENT 

 SCHEDULE A 

FOUNDERS 
  

					
	 Name
	  	Number of Shares of
Capital Stock	 
	 GPV FUND II LLC
	  	 	5,363,636	  
	 TODD B. KIMMEL
	  	 	454,750	  
	 WILLIAM J. ROE
	  	 	*	  
	 DAVID BLAIR
	  	 	*	  
	 RICHARD TOBEY
	  	 	*	  
	 JEFFREY BURGARD
	  	 	*	  
	 Total:
	  	 	5,818,386	  
		  	  
	  
	 

  

	*	Options to purchase common stock constituting 1% or more of the Company’s outstanding capital stock. 

 SCHEDULE B 

INVESTORS 
  

																	
	 Name and Address
	  	Number of Shares
of Series A
Preferred Stock	 	  	Number of
Shares of 
Series
B Preferred
Stock	 	  	Number of Shares
of Series
C
Preferred Stock	 	  	Number of Shares
of Series D Preferred
Stock	 
	 The Blackstone Investors:
	  				  				  				  			
	 Blackstone Tenex L.P.

c/o The Blackstone Group

345 Park Avenue
 New York, NY 10154
 Attn: Jamie Kiggen, Senior
Managing
 Director
	  	 	0	  	  	 	0	  	  	 	4,166,666	  	  	 	0	  
	 Blackstone Clean Technology

Partners, L.P.
 c/o The Blackstone Group
 345 Park Avenue

New York, NY 10154

Attn: Jamie Kiggen, Senior Managing

Director
	  	 	0	  	  	 	0	  	  	 	1,601,251	  	  	 	0	  
	 Blackstone Family Cleantech

Investment Partnership, L.P.

c/o The Blackstone Group

345 Park Avenue
 New York, NY 10154
 Attn: Jamie Kiggen, Senior
Managing
 Director
	  	 	0	  	  	 	0	  	  	 	16,993	  	  	 	1,000,000	  
	 Blackstone Family Cleantech

Investment Partnership SMD, L.P.

c/o The Blackstone Group

345 Park Avenue
 New York, NY 10154
 Attn: Jamie Kiggen, Senior
Managing
 Director
	  	 	0	  	  	 	0	  	  	 	160,923	  	  	 	0	  
	 Total Energy Ventures International, S.A.S.
	  	 	0	  	  	 	0	  	  	 	1,666,667	  	  	 	257,143	  
	 Tour Coupole , 2 Place Jean Millier

La Defense 6, 92400

Courbevoie, France
	  				  				  				  			
	 CCM Qualified Master Fund, Ltd.
	  	 	0	  	  	 	517,384	  	  	 	0	  	  	 	0	  
	 CCM SPV II, LLC
	  	 	0	  	  	 	432,338	  	  	 	0	  	  	 	0	  
	 One North Wacker Drive, Suite 4350

Chicago, IL 60606
	  				  				  				  			
	 General Motors Ventures LLC
	  	 	0	  	  	 	949,722	  	  	 	0	  	  	 	90,914	  
	 Mail Code 482-C37-D99

300 Renaissance Center

Detroit, MI 48265

Attn: Tim Brumbaugh
	  				  				  				  			

																	
	 Name and Address
	  	Number of Shares
of Series A
Preferred Stock	 	  	Number of
Shares of 
Series
B Preferred
Stock	 	  	Number of Shares
of Series
C
Preferred Stock	 	  	Number of Shares
of Series D Preferred
Stock	 
	 The Advanced Technology Investors:
	  				  				  				  			
	 Advanced Technology Ventures VII, L.P.

Bay Colony Corporate Center

1000 Winter Street, Suite 3700

Waltham, MA 02451-1148
	  	 	3,416,627	  	  	 	713,153	  	  	 	1,066,914	  	  	 	497,465	  
	 Advanced Technology Ventures VII (B), L.P.

Bay Colony Corporate Center

1000 Winter Street, Suite 3700

Waltham, MA 02451-1148
	  	 	137,108	  	  	 	28,619	  	  	 	42,814	  	  	 	19,963	  
	 Advanced Technology Ventures VII (C), L.P.

Bay Colony Corporate Center

1000 Winter Street, Suite 3700

Waltham, MA 02451-1148
	  	 	65,903	  	  	 	13,756	  	  	 	20,579	  	  	 	9,595	  
	 ATV Entrepreneurs VII, L.P.

Bay Colony Corporate Center

1000 Winter Street, Suite 3700

Waltham, MA 02451-1148
	  	 	20,362	  	  	 	4,251	  	  	 	6,358	  	  	 	2,965	  
	 Khosla Ventures II, LP 

3000 Sand Hill Road, Bldg. 3, Suite 170

Menlo Park, CA 94025

Attn: Kim Totah
	  	 	6,360,000	  	  	 	284,917	  	  	 	0	  	  	 	0	  
	 Khosla Ventures III, LP 

3000 Sand Hill Road, Bldg. 3, Suite 170

Menlo Park, CA 94025

Attn: Kim Totah
	  	 	0	  	  	 	0	  	  	 	2,030,001	  	  	 	830,425	  
	 Globespan Capital Partners V, L.P. 

300 Hamilton Avenue

Palo Alto, CA 94301
	  	 	0	  	  	 	569,833	  	  	 	250,001	  	  	 	78,480	  
	 TriplePoint Capital 

2755 Sand Hill Rd

Menlo Park, CA 94025
	  	 	0	  	  	 	94,972	  	  	 	50,000	  	  	 	0	  
	 The Lynch Entities Investors: 

The Lynch Foundation u/a 07/14/88

82 Devonshire Street, S4A

Boston, MA 02109
 Attn: Peter S. Lynch, Trustee
	  	 	0	  	  	 	44,637	  	  	 	0	  	  	 	7,143	  
	 Peter and Carolyn Lynch JT Ten

WROS
 82 Devonshire Street, S4A
 Boston, MA
02109
	  	 	0	  	  	 	30,391	  	  	 	0	  	  	 	7,143	  

																	
	 Name and Address
	  	Number of Shares
of Series A
Preferred Stock	 	  	Number of
Shares of 
Series
B Preferred
Stock	 	  	Number of Shares
of Series
C
Preferred Stock	 	  	Number of Shares
of Series D Preferred
Stock	 
	 Lynch Childrens Trust fbo Anne
 Lynch u/a 03/08/88 82
 Devonshire Street, S4A

Boston, MA 02109
 Attn: Carolyn A. Lynch, Trustee
	  	 	0	  	  	 	4,939	  	  	 	0	  	  	 	473	  
	 Lynch Childrens Trust fbo Elizabeth
 Lynch u/a 03/08/88
 82 Devonshire Street, S4A

Boston, MA 02109
 Attn: Carolyn A. Lynch, Trustee
	  	 	0	  	  	 	4,939	  	  	 	0	  	  	 	473	  
	 Lynch Childrens Trust fbo Mary
 Lunch u/a 03/08/88
 82 Devonshire Street, S4A

Boston, MA 02109
 Attn: Carolyn A. Lynch, Trustee
	  	 	0	  	  	 	4,939	  	  	 	0	  	  	 	473	  
	 Peter S. Lynch Charitable Lead
 Annuity u/a 03/27/96
 82 Devonshire Street, S4A

Boston, MA 02109
 Attn: Carolyn A. Lynch, Trustee
	  	 	0	  	  	 	6,078	  	  	 	0	  	  	 	7,143	  
	 Peter S. Lynch Charitable Lead
 Unitrust u/a 03/03/97
 82 Devonshire Street, S4A

Boston, MA 02109
 Attn: Carolyn A. Lynch, Trustee
	  	 	0	  	  	 	6,648	  	  	 	0	  	  	 	636	  
	 Peter S. and Carolyn A. Lynch 1999
 Unitrust u/a 12/28/99
 82 Devonshire Street, S4A

Boston, MA 02109
 Attn: Peter S. Lynch, Trustee
	  	 	0	  	  	 	39,888	  	  	 	0	  	  	 	3,818	  
	 Weiss Family Trust

100 Irvine Cove Place

Laguna Beach, CA 92651

Attn: Dr. Stephen and Renee Weiss
	  	 	0	  	  	 	18,994	  	  	 	0	  	  	 	11,006	  
	 Roger Kimmel

1046 Lake Avenue
 Greenwich, CT 06831
	  	 	0	  	  	 	18,994	  	  	 	0	  	  	 	11,006	  
	 Megan Weiss and Eric Needleman 

1471 North Doheny Drive

Los Angeles, CA 90069
	  	 	0	  	  	 	4,748	  	  	 	0	  	  	 	455	  
	 Melissa Kimmel 

7012 Arandale Road

Bethesda, MD 20817
	  	 	0	  	  	 	4,748	  	  	 	0	  	  	 	455	  

																	
	 Name and Address
	  	Number of Shares
of Series A
Preferred Stock	 	  	Number of
Shares of 
Series
B Preferred
Stock	 	  	Number of Shares
of Series
C
Preferred Stock	 	  	Number of Shares
of Series D Preferred
Stock	 
	 SC Green Energy Tech, Inc.

Attn: Hajime Uchiike

600 Third Avenue
 New York, NY 10016
	  	 	0	  	  	 	0	  	  	 	166,667	  	  	 	0	  
	 Presidio Ventures, Inc.

Attn: Hajime Uchiike

600 Third Avenue
 New York, NY 10016
	  	 	0	  	  	 	0	  	  	 	0	  	  	 	15,955	  
	 William J. Roe

c/o Coskata, Inc.

4575 Weaver Parkway, Suite 100

Warrenville, IL 60555
	  	 	0	  	  	 	0	  	  	 	66,667	  	  	 	6,382	  
	 Arancia International Inc.

c/o One Wilshire Boulevard., Ste 2000

Los Angeles, CA 90017-3321

Attn: S. L. Bradford
	  	 	0	  	  	 	0	  	  	 	208,334	  	  	 	19,943	  
	 Revocable Trust of Bradley J. Bell dated

December 21, 1988 as amended and

restated
 28 Muirfield
 Wheaton, IL 60189
	  	 	0	  	  	 	0	  	  	 	50,000	  	  	 	4,786	  

 EXHIBIT A 

ADOPTION AGREEMENT 
 This Adoption Agreement (“Adoption Agreement”) is executed on                     ,
20    , by the undersigned (the “Holder”) pursuant to the terms of that certain Amended and Restated Voting Agreement dated as of August 2, 2011 (the “Agreement”), by and among the Company
and certain of its Stockholders, as such Agreement may be amended or amended and restated hereafter. Capitalized terms used but not defined in this Adoption Agreement shall have the respective meanings ascribed to such terms in the Agreement. By the
execution of this Adoption Agreement, the Holder agrees as follows. 
 1.1 Acknowledgement. Holder acknowledges that
Holder is acquiring certain shares of the capital stock of the Company (the “Stock”) or options, warrants or other rights to purchase such Stock (the “Options”), for one of the following reasons (Check the correct
box): 
  

	 	 ̈	as a transferee of Shares from a Party in such Party’s capacity as an “Investor” bound by the Agreement, and after such transfer, Holder shall be
considered an “Investor” and a “Stockholder” for all purposes of the Agreement. 

  

	 	 ̈	as a transferee of Shares from a Party in such Party’s capacity as a “Founder” bound by the Agreement, and after such transfer, Holder shall be
considered a “Founder” and a “Stockholder” for all purposes of the Agreement. 

  

	 	 ̈	as a purchaser of Preferred Stock of the Company, in which case Holder will be an “Investor” and a “Stockholder” for all purposes of the Agreement.

  

	 	 ̈	as a purchaser of Common Stock of the Company where such purchaser is not also an Investor, in which case Holder will be a “Founder” and a
“Stockholder” for all purposes of the Agreement. 

 1.2 Agreement. Holder hereby (a) agrees
that the Stock and Options, and any other shares of capital stock or securities required by the Agreement to be bound thereby, shall be bound by and subject to the terms of the Agreement, (b) agrees to the covenants that are set forth in the
Agreement, and (b) adopts the Agreement with the same force and effect as if Holder were originally a Party thereto. 
 1.3
Notice. Any notice required or permitted by the Agreement shall be given to Holder at the address or facsimile number listed below Holder’s signature hereto. 

 

							
	HOLDER:                           
                                         
                                	 		 		 	Accepted and Agreed:
				
	By:                             
                                         
                                         
    	 		 		 	COSKATA, INC.
				
	 Name and Title of Signatory
 Address:                                
                                         
                                

 
	 		 		 	By:                            
                                         
                                         
     
	
                        
                                         
                                         
                
  
	 		 		 	William J. Roe
	 Facsimile
Number:                                        
                                         
    
  
	 		 		 	President and Chief Executive Officer

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