Document:

Exhibit 10.6

 

SQUARESPACE, INC.

 

2021 EQUITY INCENTIVE PLAN

STOCK OPTION GRANT NOTICE

 

Squarespace, Inc. (the “Company”), pursuant
to its 2021 Equity Incentive Plan (the “Plan”), hereby grants to Optionholder an option to purchase the number
of shares of the Company’s Common Stock set forth below (the “Option”). This Option is subject to all
of the terms and conditions as set forth in this Stock Option Grant Notice, the Option Agreement, the Plan and the Notice of Exercise,
all of which are attached hereto and incorporated herein in their entirety. Capitalized terms not explicitly defined herein but defined
in the Plan or the Option Agreement will have the same definitions as in the Plan or the Option Agreement. If there is any conflict between
the terms in this Stock Option Grant Notice and the Plan, the terms of the Plan will control.

 

	Optionholder: 	 
	Date of Grant: 	 
	Vesting Commencement Date: 	 
	Number of Shares of Common Stock Subject to Option: 	 
	Exercise Price (per share): 	 
	Total Exercise Price: 	 
	Expiration Date: 	 

 

	Type of Grant:	 ̈	Incentive Stock Option	 ̈	 Nonstatutory Stock Option
	Vesting Schedule:	 	 
	Payment of Exercise Price:	 	By one or a combination of the following items (described in the Option Agreement):
	 	 ̈	By cash, check, bank draft or money order payable to the Company
	 	 ̈	Pursuant to a Regulation T Program if the shares are publicly traded
	 	 ̈	By delivery of already-owned shares if the shares are publicly traded
	 	 ̈	If and only to the extent this Option is a Nonstatutory Stock Option[, and subject to the Company’s consent at the time of exercise], by a “net exercise” arrangement

 

Additional Terms/Acknowledgements: Optionholder acknowledges
receipt of, and understands and agrees to, this Stock Option Grant Notice, the Option Agreement and the Plan. Optionholder acknowledges
and agrees that this Stock Option Grant Notice and the Option Agreement may not be modified, amended or revised except as provided in
the Plan. Optionholder further acknowledges that as of the Date of Grant, this Stock Option Grant Notice, the Option Agreement, and the
Plan set forth the entire understanding between Optionholder and the Company regarding this Option and supersede all prior oral and written
agreements, promises and/or representations on the terms of this Option, with the exception, if applicable, of (i) the written employment
agreement, offer letter or other written agreement entered into between the Company and Optionholder specifying the terms that should
govern this specific Option and (ii) any compensation recovery policy that is adopted by the Company or is otherwise required by applicable
law.

 

By accepting this Option, Optionholder acknowledges having received
and read the Stock Option Grant Notice, the Option Agreement and the Plan and agrees to all of the terms and conditions set forth in these
documents. Optionholder consents to receive Plan documents by electronic delivery and to participate in the Plan through an on-line or
electronic system maintained by the Company or a third-party designated by the Company.

 

    

     

    

 

	SQUARESPACE, INC.	 	OPTIONHOLDER:
	 	 	 	 	 
	By:	
 		 	
 
	 	Signature	 	 	Signature
	 	 	 	 	 
	Name:	
 	 	Name:	
 
	 		 	 	
	Title:	
 	 	Date:	
 
	 	 	 	 	 
	Date:	
 	 	 	 

 

ATTACHMENTS: Option Agreement, Notice of Exercise and 2021 Equity
Incentive Plan

 

    2

     

    

 

ATTACHMENT I

 

SQUARESPACE, INC.

 

2021 EQUITY INCENTIVE PLAN

OPTION AGREEMENT

(INCENTIVE STOCK OPTION OR NONSTATUTORY STOCK OPTION)

 

Pursuant to your Stock Option Grant Notice (“Grant
Notice”) and this Option Agreement, Squarespace, Inc. (the “Company”) has granted you an
Option under its 2021 Equity Incentive Plan (the “Plan”) to purchase the number of shares of the Company’s
Common Stock indicated in your Grant Notice at the exercise price indicated in your Grant Notice. The Option is granted to you effective
as of the date of grant set forth in the Grant Notice (the “Date of Grant”). If there is any conflict between
the terms in this Option Agreement and the Plan, the terms of the Plan will control. Capitalized terms not explicitly defined in this
Option Agreement or in the Grant Notice but defined in the Plan will have the same definitions as in the Plan.

 

The details of your Option, in addition to those
set forth in the Grant Notice and the Plan, are as follows:

 

1.          VESTING.
Subject to the provisions contained herein, your Option will vest as provided in your Grant Notice. Unless otherwise provided by any
written employment or severance arrangement or other written agreement entered into between you and the Company, vesting will cease upon
the termination of your Continuous Service.

 

2.          NUMBER
OF SHARES AND EXERCISE PRICE. The number of shares of Common Stock subject to your Option and your exercise price per share in your
Grant Notice will be adjusted for Capitalization Adjustments.

 

3.         METHOD OF PAYMENT. You must pay the full amount of the exercise price for the shares you wish to exercise. You may pay the
exercise price in cash or by check, bank draft or money order payable to the Company or in any other manner permitted by your Grant
Notice, which may include one or more of the following:

 

(a)          
Provided that at the time of exercise the Common Stock is publicly traded, pursuant to a program developed under Regulation
T as promulgated by the Federal Reserve Board that, prior to the issuance of Common Stock, results in either the receipt of cash (or check)
by the Company or the receipt of irrevocable instructions to pay the aggregate exercise price to the Company from the sales proceeds.
This manner of payment is also known as a “broker-assisted exercise,” “same day sale,” or “sell to cover”
and is a commitment with a broker-dealer that is a member of the Financial Industry Regulatory Authority (a “FINRA Dealer”),
pursuant to this authorization and without further consent, whereby you irrevocably elect to sell a portion of the shares to be delivered
in connection with the exercise of your Option to satisfy the exercise price and the withholding obligation and whereby the FINRA Dealer
irrevocably commits to forward the proceeds necessary to satisfy the exercise price and the withholding obligation directly to the Company
and/or its Affiliates.

 

(b)          
Provided that at the time of exercise the Common Stock is publicly traded, by delivery to the Company (either by actual delivery
or attestation) of already-owned shares of Common Stock that are owned free and clear of any liens, claims, encumbrances or security interests,
and that are valued at Fair Market Value on the date of exercise. “Delivery” for these purposes, in the sole discretion of
the Company at the time you exercise your Option, will include delivery to the Company of your attestation of ownership of such shares
of Common Stock in a form approved by the Company. You may not exercise your Option by delivery to the Company of Common Stock if doing
so would violate the provisions of any law, regulation or agreement restricting the redemption of the Company’s stock.

 

    

     

    

 

(c)          
 If this Option is a Nonstatutory Stock Option, subject to the consent of the Company at the time of exercise, by a “net
exercise” arrangement pursuant to which the Company will reduce the number of shares of Common Stock issued upon exercise of your
Option by the largest whole number of shares with a Fair Market Value that does not exceed the aggregate exercise price. You must pay
any remaining balance of the aggregate exercise price not satisfied by the “net exercise” in cash or other permitted form
of payment. Shares of Common Stock will no longer be outstanding under your Option and will not be exercisable thereafter if those shares
(i) are used to pay the exercise price pursuant to the “net exercise,” (ii) are delivered to you as a result of
such exercise, and (iii) are withheld to satisfy your tax withholding obligations as set forth in Section 12 below.

 

4.           WHOLE
SHARES. You may exercise your Option only for whole shares of Common Stock.

 

5.           SECURITIES LAW COMPLIANCE. You may not exercise your Option unless the shares of Common Stock issuable upon exercise are either
(i) then registered under the Securities Act, or (ii) the Company has determined that such issuance would be exempt from the registration
requirements of the Securities Act. Your Option also must comply with all other applicable laws and regulations governing the Option,
and you may not exercise the Option if the Company determines that such exercise would not be in material compliance with such laws and
regulations (including any restrictions on exercise required for compliance with Treas. Reg. 1.401(k)-1(d)(3), if applicable).

 

6.          TERM.
You may not exercise your Option before the Date of Grant or after the expiration of the Option’s term. The term of your Option
expires, subject to the provisions of Section 5(h) of the Plan, upon the earliest of the following:

 

(a)          
immediately upon the termination of your Continuous Service for Cause;

 

(b)          
three (3) months after the termination of your Continuous Service for any reason other than Cause, your Disability or
your death (except as otherwise provided in Section 6(d) below); provided, however, that if during any part of such three
(3) month period your Option is not exercisable solely because of the condition set forth in the section above regarding “Securities
Law Compliance,” your Option will not expire until the earlier of the Expiration Date or until it has been exercisable for an aggregate
period of three (3) months after the termination of your Continuous Service; provided, further, if during any part of such
three (3) month period, the sale of any Common Stock received upon exercise of your Option would violate the Company’s insider
trading policy, then your Option will not expire until the earlier of the Expiration Date or until it has been exercisable for an aggregate
period of three (3) months after the termination of your Continuous Service during which the sale of the Common Stock received upon
exercise of your Option would not be in violation of the Company’s insider trading policy;

 

(c)         twelve
(12) months after the termination of your Continuous Service due to your Disability (except as otherwise provided in Section 6(d) below);

 

(d)         twelve
(12) months after your death if you die either during your Continuous Service or within three (3) months after your Continuous Service
terminates for any reason other than Cause;

 

(e)          
the Expiration Date indicated in your Grant Notice; or

 

(f)           
the day before the tenth (10th) anniversary of the Date of Grant.

 

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7.            EXERCISE.

 

(a)          
You may exercise the vested portion of your Option (and the unvested portion of your Option if your Grant Notice so permits)
during its term by delivering a Notice of Exercise (in a form designated by the Company) or completing such other documents and/or
procedures designated by the Company for exercise as the Company may then require.

 

(b)          
By exercising your Option you agree that, as a condition to any exercise of your Option and in accordance with Section 12 below,
the Company may require you to enter into an arrangement providing for the payment by you to the Company of any tax withholding obligation
of the Company arising by reason of (i) the exercise of your Option, (ii) the lapse of any substantial risk of forfeiture to
which the shares of Common Stock are subject at the time of exercise, or (iii) the disposition of shares of Common Stock acquired
upon such exercise.

 

(c)          
If your Option is an Incentive Stock Option, by exercising your Option you agree that you will notify the Company in writing
within fifteen (15) days after the date of any disposition of any of the shares of the Common Stock issued upon exercise of your Option
that occurs within two (2) years after the Date of Grant or within one (1) year after such shares of Common Stock are transferred
upon exercise of your Option.

 

8.           TRANSFER
RESTRICTIONS. Except as otherwise permitted by the Board, your Option
is not transferable, except by will or by the laws of descent and distribution, and is exercisable during your life only by you.

 

9.          RESTRICTIVE
LEGENDS. The shares of Common Stock issued in respect of your Option shall be endorsed with appropriate
legends as determined by the Company.

 

10.        EXECUTION
OF DOCUMENTS. You hereby acknowledge and agree that the manner selected by the Company by which
you indicate your consent to your Grant Notice is also deemed to be your execution of your Grant Notice and of this Option Agreement.
You further agree that such manner of indicating consent may be relied upon as your signature for establishing your execution of any
documents to be executed in the future in connection with your Option.

 

11.         OPTION
NOT A SERVICE CONTRACT. This Option Agreement is not an employment or service contract, and nothing in your Option will be deemed
to create in any way whatsoever any obligation on your part to continue in the employ of the Company or an Affiliate, or of the Company
or an Affiliate to continue your employment. In addition, nothing in your Option will obligate the Company or an Affiliate, their respective
stockholders, boards of directors, officers or employees to continue any relationship that you might have as a Director or Consultant
for the Company or an Affiliate.

 

12.         WITHHOLDING
OBLIGATIONS.

 

(a)          
At the time you exercise your Option, in whole or in part, and at any time thereafter as requested by the Company, the Company
may, in its sole discretion, satisfy any federal, state or local tax withholding obligation relating to this Option by any of the following
means or by a combination of such means: (i) causing you to tender a cash payment; (ii) withholding cash from an Option settled in cash;
(iii) withholding payment from any amounts otherwise payable to you; and/or (iv) permitting or requiring you to enter into a “same
day sale” commitment, if applicable, with a FINRA Dealer, pursuant to this authorization and without further consent, whereby you
irrevocably elect to sell a portion of the shares to be delivered in connection with the exercise of your Option to satisfy the withholding
obligation and whereby the FINRA Dealer irrevocably commits to forward the proceeds necessary to satisfy the withholding obligation directly
to the Company and/or its Affiliates.

 

    3

     

    

 

(b)           If
this Option is a Nonstatutory Stock Option, then upon your request and subject to approval by the Company, and compliance with any
applicable legal conditions or restrictions, the Company may withhold from fully vested shares of Common Stock otherwise issuable to
you upon the exercise of your Option; provided, that the number of whole shares of Common Stock which may be so withheld or
surrendered shall be limited to the number of shares of Common Stock which have a Fair Market Value on the date of withholding in
such amount that will not cause adverse accounting consequences for the Company and its Affiliates and is permitted under applicable
withholding rules promulgated by the Internal Revenue Service or another governmental entity.

 

(c)          
You may not exercise your Option unless the tax withholding obligations of the Company and/or any Affiliate are satisfied.
Accordingly, you may not be able to exercise your Option when desired even though your Option is vested, and the Company will have no
obligation to issue a certificate for such shares of Common Stock or release such shares of Common Stock from any escrow provided for
herein, if applicable, unless such obligations are satisfied.

 

13.         TAX
CONSEQUENCES. The Company has no duty or obligation to minimize the tax consequences to you of this Option and shall not be liable
to you for any adverse tax consequences to you arising in connection with this Option. You are hereby advised to consult with your own
personal tax, financial and/or legal advisors regarding the tax consequences of this Option and by signing the Grant Notice, you have
agreed that you have done so or knowingly and voluntarily declined to do so. You understand that you (and not the Company) shall be responsible
for your own tax liability that may arise as a result of this investment or the transactions contemplated by this Option Agreement. In
particular, you acknowledge that this Option is exempt from Section 409A of the Code only if the exercise price per share specified
in the Grant Notice is at least equal to the Fair Market Value per share of the Common Stock on the Date of Grant and there is no other
impermissible deferral of compensation associated with the Option.

 

14.         VOTING
RIGHTS. You will not have voting or any other rights as a stockholder of the Company with respect to the shares to be issued pursuant
to this Option until such shares are issued to you. Upon such issuance, you will obtain full voting and other rights as a stockholder
of the Company. Nothing contained in this Option, and no action taken pursuant to its provisions, will create or be construed to create
a trust of any kind or a fiduciary relationship between you and the Company or any other person.

 

15.       NOTICE.
All notices, requests, demands, claims and other communications with respect to this Option shall be in writing (including electronically)
and shall be deemed given if delivered by certified or registered mail (first class postage prepaid), guaranteed overnight delivery or
email transmission, to the following address (or to such other addresses which the Company shall designate in writing to you from time
to time):

 

Squarespace, Inc.

225 Varick Street, 12th Floor

New York, NY 10014

Attention: Legal Department

Email: legal@squarespace.com

 

16.         HEADINGS.
The headings of the Sections in this Option Agreement are inserted for convenience only and shall not be deemed to constitute a part
of this Option Agreement or to affect the meaning of this Option Agreement.

 

17.         MISCELLANEOUS.

 

(a)          
The rights and obligations of the Company under your Option will be transferable to any one or more persons or entities, and
all covenants and agreements hereunder will inure to the benefit of, and be enforceable by the Company’s successors and assigns.

 

    4

     

    

 

(b)          
You agree upon request to execute any further documents or instruments necessary or desirable in the sole determination of
the Company to carry out the purposes or intent of your Option.

 

(c)          
You acknowledge and agree that you have reviewed your Option in its entirety, have had an opportunity to obtain the advice
of counsel prior to executing and accepting your Option, and fully understand all provisions of your Option.

 

(d)          
All obligations of the Company under the Plan and this Option Agreement will be binding on any successor to the Company, whether
the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially
all of the business and/or assets of the Company.

 

(e)          
This Option Agreement will be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental
agencies or national securities exchanges as may be required.

 

18.        
GOVERNING PLAN DOCUMENT. Your Option is subject to all the provisions of the Plan, the provisions of which are hereby made
a part of your Option, and is further subject to all interpretations, amendments, rules and regulations, which may from time to time
be promulgated and adopted pursuant to the Plan. If there is any conflict between the provisions of your Option and those of the Plan,
the provisions of the Plan will control. In addition, your Option (and any compensation paid or shares issued under your Option) is subject
to recoupment in accordance with The Dodd—Frank Wall Street Reform and Consumer Protection Act and any implementing regulations
thereunder, any clawback policy adopted by the Company and any compensation recovery policy otherwise required by applicable law.

 

19.         EFFECT
ON OTHER EMPLOYEE BENEFIT PLANS. The value of the Option subject to this Option Agreement shall not be included as compensation,
earnings, salaries, or other similar terms used when calculating benefits under any employee benefit plan (other than the Plan) sponsored
by the Company or any Affiliate except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend,
modify, or terminate any or all of the employee benefit plans of the Company or any Affiliate.

 

20.         SEVERABILITY.
If all or any part of this Option Agreement or the Plan is declared by any court or governmental authority to be unlawful or invalid,
such unlawfulness or invalidity will not invalidate any portion of this Option Agreement or the Plan not declared to be unlawful or invalid.
Any Section of this Option Agreement (or part of such a Section) so declared to be unlawful or invalid shall, if possible, be construed
in a manner which will give effect to the terms of such Section or part of a Section to the fullest extent possible while remaining
lawful and valid.

 

21.         OTHER
DOCUMENTS. You hereby acknowledge receipt of and the right to receive a document providing the information required by Rule 428(b)(1) promulgated
under the Securities Act. In addition, you acknowledge receipt of the Company’s policy permitting certain individuals to sell shares
only during certain “window” periods and the Company’s insider trading policy, in effect from time to time.

 

22.         AMENDMENT.
This Option Agreement may not be modified, amended or terminated except by an instrument in writing, signed by you and by a duly
authorized representative of the Company. Notwithstanding the foregoing, this Option Agreement may be amended solely by the Board by
a writing which specifically states that it is amending this Option Agreement, so long as a copy of such amendment is delivered to
you, and provided that, except as otherwise expressly provided in the Plan, no such amendment materially adversely affecting your
rights hereunder may be made without your written consent. Without limiting the foregoing, the Board reserves the right to change,
by written notice to you, the provisions of this Option Agreement in any way it may deem necessary or advisable to carry out the
purpose of the Option as a result of any change in applicable laws or regulations or any future law, regulation, ruling, or
judicial decision, provided that any such change shall be applicable only to rights relating to that portion of the Option which is
then subject to restrictions as provided herein.

 

*            *             *

 

This Option Agreement will be deemed to be signed
by you upon the signing by you of the Stock Option Grant Notice to which it is attached.

 

    5

     

    

 

ATTACHMENT II

 

NOTICE OF EXERCISE

 

	
    SQUARESPACE, INC.

    225 Varick Street, 12th Floor

    New York, NY 10014
	
     

    Date of Exercise:

 

This constitutes notice to Squarespace, Inc.
(the “Company”) under my stock Option that I elect to purchase the below number of shares of Common Stock of
the Company (the “Shares”) for the price set forth below.

 

	Type of Option (check one):	 	Incentive  ̈
	 	 	Nonstatutory  ̈
	 
	Stock Option dated:	 	 	 	 	 	 	 	 
	Number of Shares as to which Option is exercised:	 	 	 	 	 	 	 	 
	Certificates to be issued in name of:	 	 	 	 	 	 	 	 
	Total exercise price:	 	$		 	 	$		 
	Cash payment delivered herewith:	 	$		 	 	$	 	 
	[Value of          Shares delivered herewith(1):	 	$				$	 	]
	[Value of          Shares pursuant to net exercise(2):	 	$				$	 	]
	[Regulation T Program (cashless exercise(3)):	 	$	 	 	 	$	 	]

 

 

	(1)	Shares must meet the public trading requirements set forth in the Option. Shares must be valued in accordance with the terms of the
Option being exercised, and must be owned free and clear of any liens, claims, encumbrances or security interests. Certificates must be
endorsed or accompanied by an executed assignment separate from the certificate.

 

	(2)	The Option must be a Nonstatutory Stock Option, and the Company must have established net exercise procedures at the time of exercise,
in order to utilize this payment method.

 

	(3)	Shares must meet the public trading requirements set forth in the Option.

 

By this exercise, I agree (i) to provide
such additional documents as the Company may require pursuant to the terms of the Squarespace, Inc. 2021 Equity Incentive Plan, (ii) to
provide for the payment by me to the Company (in the manner designated by the Company) of the Company’s withholding obligation,
if any, relating to the exercise of this Option, and (iii) if this exercise relates to an Incentive Stock Option, to notify the Company
in writing within fifteen (15) days after the date of any disposition of any of the Shares issued upon exercise of this Option that occurs
within two (2) years after the date of grant of this Option or within one (1) year after such Shares are issued upon exercise
of this Option.

 

	 	Very truly yours,Exhibit 10.7

 

SQUARESPACE, INC.

 

2021 EMPLOYEE STOCK PURCHASE PLAN

ADOPTED BY THE BOARD OF DIRECTORS: MARCH 25, 2021

APPROVED BY THE STOCKHOLDERS: APRIL __, 2021

 

	1.	GENERAL; PURPOSE.

 

(a)            The
Plan provides a means by which Eligible Employees of the Company and certain designated Related Corporations may be given an
opportunity to purchase shares of Common Stock. The Plan permits the Company to grant a series of Purchase Rights to Eligible
Employees under an Employee Stock Purchase Plan.

 

(b)            The
Company, by means of the Plan, seeks to retain the services of such Employees, to secure and retain the services of new Employees and
to provide incentives for such persons to exert maximum efforts for the success of the Company and its Related Corporations.

 

	2.	ADMINISTRATION.

 

(a)            The
Board will administer the Plan unless and until the Board delegates administration of the Plan to a Committee or Committees, as provided
in Section 2(c).

 

(b)            The
Board will have the power, subject to, and within the limitations of, the express provisions of the Plan:

 

(i)            To
determine how and when Purchase Rights will be granted and the provisions of each Offering (which need not be identical).

 

(ii)           To
designate from time to time which Related Corporations of the Company will be eligible to participate in the Plan.

 

(iii)          To
construe and interpret the Plan and Purchase Rights, and to establish, amend and revoke rules and regulations for administration
of the Plan. The Board, in the exercise of this power, may correct any defect, omission or inconsistency in the Plan, in a manner and
to the extent it deems necessary or expedient to make the Plan fully effective.

 

(iv)           To
settle all controversies regarding the Plan and Purchase Rights granted under the Plan.

 

(v)            To
suspend or terminate the Plan at any time as provided in Section 12.

 

(vi)           To
amend the Plan at any time as provided in Section 12.

 

(vii)          Generally,
to exercise such powers and to perform such acts as it deems necessary or expedient to promote the best interests of the Company and its
Related Corporations and to carry out the intent that the Plan be treated as an Employee Stock Purchase Plan.

 

     

     

    

 

(viii)        To
adopt such procedures and sub-plans as are necessary or appropriate to permit participation in the Plan by Employees who are foreign nationals
or employed outside the United States.

 

(c)            The
Board may delegate some or all of the administration of the Plan to a Committee or Committees. If administration is delegated to a Committee,
the Committee will have, in connection with the administration of the Plan, the powers theretofore possessed by the Board that have been
delegated to the Committee, including the power to delegate to a subcommittee any of the administrative powers the Committee is authorized
to exercise (and references to the Board in this Plan and in any applicable Offering Document will thereafter be to the Committee or subcommittee),
subject, however, to such resolutions, not inconsistent with the provisions of the Plan, as may be adopted from time to time by the Board.
The Board may retain the authority to concurrently administer the Plan with the Committee and may, at any time, revest in the Board some
or all of the powers previously delegated. Whether or not the Board has delegated administration of the Plan to a Committee, the Board
will have the final power to determine all questions of policy and expediency that may arise in the administration of the Plan.

 

(d)            All
determinations, interpretations and constructions made by the Board in good faith will not be subject to review by any person and will
be final, binding and conclusive on all persons.

 

	3.	SHARES OF COMMON STOCK SUBJECT TO THE PLAN.

 

(a)            Subject
to the provisions of Section 11(a) relating to Capitalization Adjustments, the aggregate number of shares of Common Stock
that may be issued under the Plan shall be [______] shares of Common Stock, as increased on January 1 of each fiscal year of
the Company beginning on January 1, 2022 by a number of shares of Common Stock equal to the
lesser of (i) 1% of the aggregate number of shares of Capital Stock outstanding on December 31 of the immediately preceding calendar
year and (ii) 1,375,000 shares of Common Stock. Notwithstanding the foregoing, the Board may act prior to January 1 of a given year to
provide that there will be no January 1 increase in the share reserve for such calendar year or that the increase in the share
reserve for such calendar year will be a lesser number of shares of Common Stock than would otherwise occur pursuant to the
preceding sentence.

 

(b)            If
any Purchase Right granted under the Plan terminates without having been exercised in full, the shares of Common Stock not purchased under
such Purchase Right will again become available for issuance under the Plan.

 

(c)            The
stock issuable under the Plan will be shares of authorized but unissued or reacquired Common Stock, including shares repurchased by the
Company on the open market or otherwise.

 

	4.	GRANT OF PURCHASE RIGHTS; OFFERING.

 

(a)            The
Board may from time to time grant or provide for the grant of Purchase Rights to Eligible Employees under an Offering (consisting of one
or more Purchase Periods) on an Offering Date or Offering Dates selected by the Board. Each Offering will be in such form and will contain
such terms and conditions as the Board will deem appropriate, and will comply with the requirement of Section 423(b)(5) of the
Code that all Employees granted Purchase Rights will have the same rights and privileges. The terms and conditions of an Offering shall
be incorporated by reference into the Plan and treated as part of the Plan. The provisions of separate Offerings need not be identical,
but each Offering will include (through incorporation of the provisions of this Plan by reference in the document comprising the Offering
or otherwise) the period during which the Offering will be effective, which period will not exceed 27 months beginning with the Offering
Date, and the substance of the provisions contained in Sections 5 through 8, inclusive.

 

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(b)            If
a Participant has more than one Purchase Right outstanding under the Plan, unless the Participant otherwise indicates in forms delivered
to the Company: (i) each form will apply to all of the Participant’s Purchase Rights under the Plan, and (ii) a Purchase
Right with a lower exercise price (or an earlier-granted Purchase Right, if different Purchase Rights have identical exercise prices)
will be exercised to the fullest possible extent before a Purchase Right with a higher exercise price (or a later-granted Purchase Right
if different Purchase Rights have identical exercise prices) will be exercised.

 

(c)            The
Board will have the discretion to structure an Offering so that if the Fair Market Value of a share of Common Stock on the first Trading
Day of a new Purchase Period within that Offering is less than or equal to the Fair Market Value of a share of Common Stock on the Offering
Date for that Offering, then (i) that Offering will terminate immediately as of that first Trading Day, and (ii) the Participants
in such terminated Offering will be automatically enrolled in a new Offering beginning on the first Trading Day of such new Purchase Period.

 

	5.	ELIGIBILITY.

 

(a)            Purchase
Rights may be granted only to Employees of the Company or, as the Board may designate in accordance with Section 2(b), to Employees
of a Related Corporation. Except as provided in Section 5(b), an Employee will not be eligible to be granted Purchase Rights unless,
on the Offering Date, the Employee has been in the employ of the Company or the Related Corporation, as the case may be, for such continuous
period preceding such Offering Date as the Board may require, but in no event will the required period of continuous employment be equal
to or greater than two years. In addition, the Board may provide that no Employee will be eligible to be granted Purchase Rights under
the Plan unless, on the Offering Date, such Employee’s customary employment with the Company or the Related Corporation is more
than 20 hours per week and more than five months per calendar year or such other criteria as the Board may determine consistent with Section 423
of the Code.

 

(b)            The
Board may provide that each person who, during the course of an Offering, first becomes an Eligible Employee will, on a date or dates
specified in the Offering which coincides with the day on which such person becomes an Eligible Employee or which occurs thereafter, receive
a Purchase Right under that Offering, which Purchase Right will thereafter be deemed to be a part of that Offering. Such Purchase Right
will have the same characteristics as any Purchase Rights originally granted under that Offering, as described herein, except that:

 

(i)            the
date on which such Purchase Right is granted will be the “Offering Date” of such Purchase Right for all purposes, including
determination of the exercise price of such Purchase Right;

 

    3

     

    

 

(ii)            the
period of the Offering with respect to such Purchase Right will begin on its Offering Date and end coincident with the end of such Offering;
and

 

(iii)          the
Board may provide that if such person first becomes an Eligible Employee within a specified period of time before the end of the Offering,
he or she will not receive any Purchase Right under that Offering.

 

(c)            No
Employee will be eligible for the grant of any Purchase Rights if, immediately after any such Purchase Rights are granted, such Employee
owns stock possessing five percent or more of the total combined voting power or value of all classes of stock of the Company or of any
Related Corporation. For purposes of this Section 5(c), the rules of Section 424(d) of the Code will apply in determining
the stock ownership of any Employee, and stock which such Employee may purchase under all outstanding Purchase Rights and options will
be treated as stock owned by such Employee.

 

(d)            As
specified by Section 423(b)(8) of the Code, an Eligible Employee may be granted Purchase Rights only if such Purchase Rights,
together with any other rights granted under all Employee Stock Purchase Plans of the Company and any Related Corporations, do not permit
such Eligible Employee’s rights to purchase stock of the Company or any Related Corporation to accrue at a rate which exceeds $25,000
of Fair Market Value of such stock (determined at the time such rights are granted, and which, with respect to the Plan, will be determined
as of their respective Offering Dates) for each calendar year in which such rights are outstanding at any time.

 

(e)            Officers
of the Company and any designated Related Corporation, if they are otherwise Eligible Employees, will be eligible to participate in Offerings
under the Plan. Notwithstanding the foregoing, the Board may provide in an Offering that Employees who are highly compensated Employees
within the meaning of Section 423(b)(4)(D) of the Code will not be eligible to participate.

 

	6.	PURCHASE RIGHTS; PURCHASE PRICE.

 

(a)            On
each Offering Date, each Eligible Employee, pursuant to an Offering made under the Plan, will be granted a Purchase Right to purchase
up to that number of shares of Common Stock purchasable either with a percentage or with a maximum dollar amount, as designated by the
Board, but in either case not exceeding 15% of such Employee’s earnings (as defined by the Board in each Offering) during the period
that begins on the Offering Date (or such later date as the Board determines for a particular Offering) and ends on the date stated in
the Offering, which date will be no later than the end of the Offering.

 

(b)            The
Board will establish one or more Purchase Dates during an Offering on which Purchase Rights granted for that Offering will be exercised
and shares of Common Stock will be purchased in accordance with such Offering.

 

    4

     

    

 

(c)            In
connection with each Offering made under the Plan, the Board may specify (i) a maximum number of shares of Common Stock that may
be purchased by any Participant on any Purchase Date during such Offering, (ii) a maximum aggregate number of shares of Common Stock
that may be purchased by all Participants pursuant to such Offering and/or (iii) a maximum aggregate number of shares of Common Stock
that may be purchased by all Participants on any Purchase Date under the Offering. If the aggregate purchase of shares of Common Stock
issuable upon exercise of Purchase Rights granted under the Offering would exceed any such maximum aggregate number, then, in the absence
of any Board action otherwise, a pro rata (based on each Participant’s accumulated Contributions) allocation of the shares of Common
Stock available will be made in as nearly a uniform manner as will be practicable and equitable.

 

(d)            The
purchase price of shares of Common Stock acquired pursuant to Purchase Rights will be determined by the Board with respect to each Offering
and will not be less than the lesser of:

 

(i)            an
amount equal to 85% of the Fair Market Value of the shares of Common Stock on the Offering Date; or

 

(ii)            an
amount equal to 85% of the Fair Market Value of the shares of Common Stock on the applicable Purchase Date.

 

	7.	PARTICIPATION; WITHDRAWAL; TERMINATION.

 

(a)            An
Eligible Employee may elect to authorize payroll deductions as the means of making Contributions by completing and delivering to the Company,
within the time specified in the Offering, an enrollment form provided by the Company. The enrollment form will specify the amount of
Contributions not to exceed the maximum amount specified by the Board. Each Participant’s Contributions will be credited to a bookkeeping
account for such Participant under the Plan and will be deposited with the general funds of the Company except where applicable law requires
that Contributions be deposited with a third party. If permitted in the Offering, a Participant may begin such Contributions with the
first payroll occurring on or after the Offering Date (or, in the case of a payroll date that occurs after the end of the prior Offering
but before the Offering Date of the next new Offering, Contributions from such payroll will be included in the new Offering). If permitted
in the Offering, a Participant may thereafter reduce (including to zero) or increase the Participant’s Contributions. If specifically
provided in the Offering, in addition to making Contributions by payroll deductions, a Participant may make Contributions through the
payment by cash or check prior to a Purchase Date.

 

(b)            During
an Offering, a Participant may cease making Contributions and withdraw from the Offering by delivering to the Company a withdrawal form
provided by the Company. The Company may impose a deadline before a Purchase Date for withdrawing. Upon such withdrawal, such Participant’s
Purchase Right in that Offering will immediately terminate and the Company will distribute to such Participant all of the Participant’s
accumulated but unused Contributions and such Participant’s Purchase Right in that Offering shall thereupon terminate. A Participant’s
withdrawal from that Offering will have no effect upon the Participant’s eligibility to participate in any other Offerings under
the Plan, but such Participant will be required to deliver a new enrollment form to participate in subsequent Offerings.

 

    5

     

    

 

(c)            Purchase
Rights granted pursuant to any Offering under the Plan will terminate immediately if the Participant either (i) is no longer an Employee
(subject to any post-employment participation period required by law) or (ii) is otherwise no longer eligible to participate. The
Company will distribute to such individual all of the individual’s accumulated but unused Contributions.

 

(d)            During
a Participant’s lifetime, Purchase Rights will be exercisable only by such Participant. Purchase Rights are not transferable by
a Participant, except by will, by the laws of descent and distribution, or, if permitted by the Company, by a beneficiary designation
as described in Section 10.

 

(e)            Unless
otherwise specified in the Offering, the Company will have no obligation to pay interest on Contributions.

 

	8.	EXERCISE OF PURCHASE RIGHTS.

 

(a)            On
each Purchase Date, each Participant’s accumulated Contributions will be applied to the purchase of shares of Common Stock, up to
the maximum number of shares of Common Stock permitted by the Plan and the applicable Offering, at the purchase price specified in the
Offering. No fractional shares will be issued unless specifically provided for in the Offering.

 

(b)            Unless
otherwise provided in the Offering, if any amount of accumulated Contributions remains in a Participant’s account after the purchase
of shares of Common Stock and such remaining amount is less than the amount required to purchase one share of Common Stock on the final
Purchase Date of an Offering, then such remaining amount will be held in such Participant’s account for the purchase of shares of
Common Stock under the next Offering under the Plan, unless such Participant withdraws from or is not eligible to participate in such
next Offering, in which case such amount will be distributed to such Participant after the final Purchase Date without interest. If the
amount of Contributions remaining in a Participant’s account after the purchase of shares of Common Stock is at least equal to the
amount required to purchase one (1) whole share of Common Stock on the final Purchase Date of an Offering, then such remaining amount
will be distributed in full to such Participant after the final Purchase Date of such Offering without interest.

 

(c)            No
Purchase Rights may be exercised to any extent unless the shares of Common Stock to be issued upon such exercise under the Plan are covered
by an effective registration statement pursuant to the Securities Act and the Plan is in material compliance with all applicable federal,
state, foreign and other securities and other laws applicable to the Plan. If on a Purchase Date the shares of Common Stock are not so
registered or the Plan is not in such compliance, no Purchase Rights will be exercised on such Purchase Date, and the Purchase Date will
be delayed until the shares of Common Stock are subject to such an effective registration statement and the Plan is in material compliance,
except that the Purchase Date will in no event be more than six months from the Offering Date. If, on the Purchase Date, as delayed to
the maximum extent permissible, the shares of Common Stock are not registered and the Plan is not in material compliance with all applicable
laws, no Purchase Rights will be exercised and all accumulated but unused Contributions will be distributed to the Participants without
interest.

 

    6

     

    

 

 

		9.	COVENANTS OF THE COMPANY.

 

The Company will seek to obtain from each federal,
state, foreign or other regulatory commission or agency having jurisdiction over the Plan such authority as may be required to grant Purchase
Rights and issue and sell shares of Common Stock thereunder. If, after commercially reasonable efforts, the Company is unable to obtain
the authority that counsel for the Company deems necessary for the grant of Purchase Rights or the lawful issuance and sale of Common
Stock under the Plan, and at a commercially reasonable cost, the Company will be relieved from any liability for failure to grant Purchase
Rights and/or to issue and sell Common Stock upon exercise of such Purchase Rights.

 

		10.	DESIGNATION OF BENEFICIARY.

 

(a)            The
Company may, but is not obligated to, permit a Participant to submit a form designating a beneficiary who will receive any shares of Common
Stock and/or Contributions from the Participant’s account under the Plan if the Participant dies before such shares and/or Contributions
are delivered to the Participant. The Company may, but is not obligated to, permit the Participant to change such designation of beneficiary.
Any such designation and/or change must be on a form approved by the Company.

 

(b)            If
a Participant dies, and in the absence of a valid beneficiary designation, the Company will deliver any shares of Common Stock and/or
Contributions to the executor or administrator of the estate of the Participant. If no executor or administrator has been appointed (to
the knowledge of the Company), the Company, in its sole discretion, may deliver such shares of Common Stock and/or Contributions to the
Participant’s spouse, dependents or relatives, or if no spouse, dependent or relative is known to the Company, then to such other
person as the Company may designate.

 

		11.	ADJUSTMENTS UPON CHANGES IN COMMON STOCK; CORPORATE TRANSACTIONS.

 

(a)            In
the event of a Capitalization Adjustment, an equitable substitution or proportionate adjustment shall be made, in each case as determined
by the Board in its sole discretion, with respect to: (i) the class(es) and maximum number of securities subject to the Plan pursuant
to Section 3(a), (ii) the class(es) and maximum number of securities by which the share reserve is to increase automatically
each year pursuant to Section 3(a), (iii) the class(es) and number of securities subject to, and the purchase price applicable
to outstanding Offerings and Purchase Rights, and (iv) the class(es) and number of securities that are the subject of the purchase
limits under each ongoing Offering. The Board will make such adjustments, and its determination will be final, binding and conclusive.

 

    7 

     

    

 

(b)            In
the event of a Corporate Transaction, then: (i) any surviving corporation or acquiring corporation (or the surviving or acquiring
corporation’s parent company) may assume or continue outstanding Purchase Rights or may substitute similar rights (including a right
to acquire the same consideration paid to the stockholders in the Corporate Transaction) for outstanding Purchase Rights, or (ii) if
any surviving or acquiring corporation (or its parent company) does not assume or continue such Purchase Rights or does not substitute
similar rights for such Purchase Rights, then the Participants’ accumulated Contributions will be used to purchase shares of Common
Stock within ten business days prior to the Corporate Transaction under the outstanding Purchase Rights, and the Purchase Rights will
terminate immediately after such purchase.

 

		12.	AMENDMENT, TERMINATION OR SUSPENSION OF THE PLAN.

 

(a)            The
Board may amend the Plan at any time in any respect the Board deems necessary or advisable; provided that, stockholder approval
will be required for any amendment of the Plan for which stockholder approval is required by applicable law or listing requirements.

 

(b)            The
Board may suspend or terminate the Plan at any time. No Purchase Rights may be granted under the Plan while the Plan is suspended or after
it is terminated.

 

(c)            Any
benefits, privileges, entitlements and obligations under any outstanding Purchase Rights granted before an amendment, suspension or termination
of the Plan will not be materially impaired by any such amendment, suspension or termination except (i) with the consent of the person
to whom such Purchase Rights were granted, (ii) as necessary to comply with any laws, listing requirements, or governmental regulations
(including, without limitation, the provisions of Section 423 of the Code and the regulations and other interpretive guidance issued
thereunder relating to Employee Stock Purchase Plans), including, without limitation, any such regulations or other guidance that may
be issued or amended after the date the Plan is adopted by the Board, or (iii) as necessary to obtain or maintain favorable tax,
listing, or regulatory treatment.

 

Notwithstanding anything in the Plan or any Offering
Document to the contrary, the Board will be entitled to: (i) establish the exchange ratio applicable to amounts withheld in a currency
other than U.S. dollars; (ii) permit Contributions in excess of the amount designated by a Participant in order to adjust for mistakes
in the Company’s processing of properly completed Contribution elections; (iii) establish reasonable waiting and adjustment
periods and/or accounting and crediting procedures to ensure that amounts applied toward the purchase of Common Stock for each Participant
properly correspond with amounts withheld from the Participant’s Contributions; (iv) amend any outstanding Purchase Rights
or clarify any ambiguities regarding the terms of any Offering to enable the Purchase Rights to qualify under and/or comply with Section 423
of the Code; and (v) establish other limitations or procedures as the Board determines in its sole discretion advisable that are
consistent with the Plan. The actions of the Board pursuant to this paragraph will not be considered to alter or impair any Purchase Rights
granted under an Offering as they are part of the initial terms of each Offering and the Purchase Rights granted under each Offering.

 

		13.	EFFECTIVE DATE OF PLAN.

 

The Plan will become effective immediately prior
to and contingent upon the Registration Date, and, unless terminated earlier pursuant to Section 12(b), shall have a term of ten
(10) years. No Purchase Rights will be exercised unless and until the Plan has been approved by the stockholders of the Company,
which approval must be within 12 months before or after the date the Plan is adopted (or if required under Section 12(a) above,
materially amended) by the Board.

 

    8 

     

    

 

		14.	MISCELLANEOUS PROVISIONS.

 

(a)            Proceeds
from the sale of shares of Common Stock pursuant to Purchase Rights will constitute general funds of the Company.

 

(b)            A
Participant will not be deemed to be the holder of, or to have any of the rights of a holder with respect to, shares of Common Stock subject
to Purchase Rights unless and until the Participant’s shares of Common Stock acquired upon exercise of Purchase Rights are recorded
in the books of the Company.

 

(c)            Each
Participant shall give the Company prompt written notice of any disposition or other transfer of any shares of Common Stock, acquired
pursuant to the exercise of an option granted under the Section 423 of the Code, if such disposition or transfer is made (i) within
two years after the applicable Offering Date or (ii) within one year after the Purchase Date. The Company may direct that any certificates
evidencing shares acquired pursuant to the Plan refer to such requirement.

 

(d)            The
Plan and Offering do not constitute an employment contract. Nothing in the Plan or in the Offering will in any way alter the at will nature
of a Participant’s employment or be deemed to create in any way whatsoever any obligation on the part of any Participant to continue
in the employ of the Company or a Related Corporation, or on the part of the Company or a Related Corporation to continue the employment
of a Participant.

 

(e)            The
laws of the State of Delaware will govern all questions concerning the construction, validity and interpretation of the Plan, without
regard to that state’s conflict of laws rules.

 

(f)            Unless
otherwise provided in a Participant’s Award Agreement, all notices, requests, demands, claims and other communications by the Participant
with respect to the Plan or any Award shall be in writing (including electronically) and shall be deemed given if delivered by certified
or registered mail (first class postage prepaid), guaranteed overnight delivery or email transmission, to the following address (or to
such other addresses which the Company shall designate in writing to the Participant from time to time):

 

Squarespace, Inc.

225 Varick Street, 12th Floor

New York, NY 10014

Attention: Legal Department

Email: legal@squarespace.com

 

    9 

     

    

 

		15.	DEFINITIONS.

 

As used in the Plan, the following definitions
will apply to the capitalized terms indicated below:

 

(a)            “Board”
means the Board of Directors of the Company.

 

(b)            “Capitalization
Adjustment” means any change that is made in, or other events that occur with respect to, the Common Stock subject to the
Plan or subject to any Purchase Right after the date the Plan is adopted by the Board without the receipt of consideration by the Company
through merger, consolidation, reorganization, recapitalization, reincorporation, stock dividend, dividend in property other than cash,
large nonrecurring cash dividend, stock split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure
or other similar equity restructuring transaction, as that term is used in Financial Accounting Standards Board Accounting Standards Codification
Topic 718 (or any successor thereto). Notwithstanding the foregoing, the conversion of any convertible securities of the Company will
not be treated as a Capitalization Adjustment.

 

(c)            “Capital
Stock” means each and every class of common stock of the Company, regardless of the number of votes per share.

 

(d)            “Code”
means the Internal Revenue Code of 1986, as amended, including any applicable regulations and guidance thereunder.

 

(e)            “Committee”
means a committee of one or more members of the Board to whom authority has been delegated by the Board in accordance with Section 2(c).

 

(f)            “Common
Stock” means, as of the Registration Date, the Class A common stock of the Company.

 

(g)            “Company”
means Squarespace, Inc., a Delaware corporation.

 

(h)            “Contributions”
means the payroll deductions and other additional payments specifically provided for in the Offering that a Participant contributes to
fund the exercise of a Purchase Right. A Participant may make additional payments into his or her account if specifically provided for
in the Offering, and then only if the Participant has not already had the maximum permitted amount withheld during the Offering through
payroll deductions.

 

(i)            “Corporate
Transaction” means the consummation, in a single transaction or in a series of related transactions, of any one or more
of the following events:

 

(i)           a
sale or other disposition of all or substantially all, as determined by the Board in its sole discretion, of the consolidated assets of
the Company and its Subsidiaries;

 

(ii)         a
sale or other disposition of more than 50% of the outstanding securities of the Company;

 

(iii)        a
merger, consolidation or similar transaction following which the Company is not the surviving corporation; or

 

(iv)         a
merger, consolidation or similar transaction following which the Company is the surviving corporation but the shares of Common Stock outstanding
immediately preceding the merger, consolidation or similar transaction are converted or exchanged by virtue of the merger, consolidation
or similar transaction into other property, whether in the form of securities, cash or otherwise.

 

    10 

     

    

 

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

 

(k)            “Eligible
Employee” means an Employee who meets the requirements set forth in the document(s) governing the Offering for eligibility
to participate in the Offering; provided that such Employee also meets the requirements for eligibility to participate set forth
in the Plan.

 

(l)            “Employee”
means any person, including an Officer or Director, who is “employed” for purposes of Section 423(b)(4) of the Code
by the Company or a Related Corporation. However, service solely as a Director, or payment of a fee for such services, will not cause
a Director to be considered an “Employee” for purposes of the Plan.

 

(m)            “Employee
Stock Purchase Plan” means a plan that grants Purchase Rights intended to be options issued under an “employee stock
purchase plan,” as that term is defined in Section 423(b) of the Code.

 

(n)            “Exchange
Act” means the Securities Exchange Act of 1934, as amended and the rules and regulations promulgated thereunder.

 

(o)            “Fair
Market Value” means, as of any date, the value of the Common Stock determined as follows:

 

(i)            If
the Common Stock is listed on any established stock exchange or traded on any established market, the Fair Market Value of a share of
Common Stock will be, unless otherwise determined by the Board, the closing sales price for such stock as quoted on such exchange or market
(or the exchange or market with the greatest volume of trading in the Common Stock) on the date of determination, as reported in a source
the Board deems reliable.

 

(ii)           Unless
otherwise provided by the Board, if there is no closing sales price for the Common Stock on the date of determination, then the Fair Market
Value will be the closing selling price on the last preceding date for which such quotation exists.

 

(iii)         In
the absence of such markets for the Common Stock, the Fair Market Value will be determined by the Board in good faith in compliance with
applicable laws and in a manner that complies with Section 409A of the Code.

 

(p)            “Offering”
means the grant to Eligible Employees of Purchase Rights, with the exercise of those Purchase Rights automatically occurring at the end
of one or more Purchase Periods. The terms and conditions of an Offering will generally be set forth in the “Offering Document”
approved by the Board for that Offering.

 

(q)            “Offering
Date” means a date selected by the Board for an Offering to commence.

 

(r)            “Officer”
means a person who is an officer of the Company or a Related Corporation within the meaning of Section 16 of the Exchange Act.

 

    11 

     

    

 

(s)            “Participant”
means an Eligible Employee who holds an outstanding Purchase Right.

 

(t)            “Plan”
means this Squarespace, Inc. 2021 Employee Stock Purchase Plan.

 

(u)            “Purchase
Date” means one or more dates during an Offering selected by the Board on which Purchase Rights will be exercised and on
which purchases of shares of Common Stock will be carried out in accordance with such Offering.

 

(v)            “Purchase
Period” means a period of time specified within an Offering, generally beginning on the Offering Date or on the first Trading
Day following a Purchase Date, and ending on a Purchase Date. An Offering may consist of one or more Purchase Periods.

 

(w)            “Purchase
Right” means an option to purchase shares of Common Stock granted pursuant to the Plan.

 

(x)            “Registration
Date” means the date upon which the registration statement on Form S-1 that is filed by the Company is declared effective
by the U.S. Securities and Exchange Commission.

 

(y)            “Related
Corporation” means any “parent corporation” or “subsidiary corporation” of the Company whether now
or subsequently established, as those terms are defined in Sections 424(e) and (f), respectively, of the Code.

 

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

 

(aa)          “Subsidiary”
means, with respect to the Company, (i) any corporation of which more than fifty percent (50%) of the outstanding capital stock having
ordinary voting power to elect a majority of the board of directors of such corporation (irrespective of whether, at the time, stock of
any other class or classes of such corporation will have or might have voting power by reason of the happening of any contingency) is
at the time, directly or indirectly, Owned by the Company, and (ii) any partnership, limited liability company or other entity in
which the Company has a direct or indirect interest (whether in the form of voting or participation in profits or capital contribution)
of more than fifty percent (50%). For purposes of the foregoing clause (i), the Company will be deemed to “Own” or have
 “Owned” such securities if the Company, directly or indirectly, through any contract, arrangement, understanding, relationship
or otherwise, has or shares voting power, which includes the power to vote or to direct the voting, with respect to such securities.

 

(bb)          “Trading
Day” means any day on which the exchange(s) or market(s) on which shares of Common Stock are listed, including,
but not limited to, the NYSE, Nasdaq Global Select Market, the Nasdaq Global Market, the Nasdaq Capital Market or any successors thereto,
is open for trading.

 

    12

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