Document:

Exhibit 10.18

 

OpenDoor
Labs Inc.

 

2014
Stock Plan

Amended as of May 16, 2014

Amended as of February 12, 2015

Amended as of October 21, 2015

Amended as of November 28, 2016

Amended
as of February 7, 2017

Amended
as of September 29, 2017

Amended as of May
15, 2018

Amended as of July
5, 2018

Amended as of December
9, 2018

Amended as of February
6, 2020

 

 

1.                 
Purposes of the Plan. The purposes of this 2014 Stock Plan are to attract and retain the best available personnel
for positions of substantial responsibility, to provide additional incentive to Employees and Consultants, and to promote the success
of the Company’s business. Options granted under the Plan may be Incentive Stock Options or Nonstatutory Stock Options, as
determined by the Administrator at the time of grant of an Option and subject to the applicable provisions of Section 422
of the Code and the regulations promulgated thereunder. Restricted Stock and Restricted Stock Units may also be granted under the
Plan.

 

2.                 
Definitions. As used herein, the following definitions shall apply:

 

(a)              
“Administrator” means the Board or a Committee.

 

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

 

(c)              
“Applicable Laws” means all applicable laws, rules, regulations and requirements, including, but
not limited to, all applicable U.S. federal or state laws, any Stock Exchange rules or regulations, and the applicable laws, rules
or regulations of any other country or jurisdiction where Awards are granted under the Plan or Participants reside or provide services,
as such laws, rules, and regulations shall be in effect from time to time.

 

(d)              
“Award” means an Option, Restricted Stock or Restricted Stock Units granted under the Plan.

 

(e)               “Award
Agreement” means a written agreement, contract, certificate or other instrument or document evidencing the
terms and conditions of an individual Award granted under the Plan (including documents attached to or incorporated by
reference) which may, in the discretion of the Company, be transmitted electronically to any Participant. The forms of Award
Agreements shall be approved from time to time by the Administrator and shall be subject to the terms and conditions of the
Plan.

 

     

     

    

 

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

 

(g)              
“California Participant” means a Participant whose Award is issued in reliance on Section 25102(o)
of the California Corporations Code.

 

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

 

(i)                
“Cause” for termination of a Participant’s Continuous Service Status will exist (unless
another definition is provided in an applicable Award Agreement, employment agreement or other applicable written agreement) if
the Participant’s Continuous Service Status is terminated for any of the following reasons: (i) any material breach by Participant
of any material written agreement between Participant and the Company and Participant’s failure to cure such breach within
30 days after receiving written notice thereof; (ii) any failure by Participant to comply with the Company’s material written
policies or rules as they may be in effect from time to time; (iii) neglect or persistent unsatisfactory performance of Participant’s
duties and Participant’s failure to cure such condition within 30 days after receiving written notice thereof; (iv) Participant’s
repeated failure to follow reasonable and lawful instructions from the Board, the Company’s Chief Executive Officer, or the
Participant’s direct supervisor, as applicable, and Participant’s failure to cure such condition within 30 days after
receiving written notice thereof; (v) Participant’s conviction of, or plea of guilty or nolo contendre to, any crime that
results in, or is reasonably expected to result in, material harm to the business or reputation of the Company; (vi) Participant’s
commission of or participation in an act of fraud against the Company; (vii) Participant’s intentional material damage to
the Company’s business, property or reputation; or (viii) Participant’s unauthorized use or disclosure of any proprietary
information or trade secrets of the Company or any other party to whom the Participant owes an obligation of nondisclosure as a
result of his or her relationship with the Company. For purposes of clarity, a termination without “Cause” does not
include any termination that occurs as a result of Participant’s death or disability. The determination as to whether a Participant’s
Continuous Service Status has been terminated for Cause shall be made in good faith by the Company and shall be final and binding
on the Participant. The foregoing definition does not in any way limit the Company’s ability to terminate a Participant’s
employment or consulting relationship at any time, and the term “Company” will be interpreted to include any Subsidiary,
Parent, Affiliate, or any successor thereto, if appropriate.

 

(j)                 “Change
of Control” means (i) a sale of all or substantially all of the Company’s assets other than to an
Excluded Entity (as defined below), (ii) a merger, consolidation or other capital reorganization or business combination
transaction of the Company with or into another corporation, limited liability company or other entity other than an Excluded
Entity, or (iii) the consummation of a transaction, or series of related transactions, in which any “person” (as
such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial owner” (as defined in
Rule 13d-3 of the Exchange Act), directly or indirectly, of all of the Company’s then outstanding voting
securities.

 

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

 

(k)              
“Code” means the Internal Revenue Code of 1986, as amended.

 

(l)                
“Committee” means one or more committees or subcommittees of the Board consisting of two (2) or
more Directors (or such lesser or greater number of Directors as shall constitute the minimum number permitted by Applicable Laws
to establish a committee or sub-committee of the Board) appointed by the Board to administer the Plan in accordance with Section 4
below.

 

(m)            
“Common Stock” means the Company’s common stock, par value $0.0001 per share, as adjusted
pursuant to Section 10 below.

 

(n)              
“Company” means Opendoor Labs Inc., a Delaware corporation.

 

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

 

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

 

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

 

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

 

(s)               
“Employee” means any person employed by the Company, or any Parent, Subsidiary or Affiliate, with
the status of employment determined pursuant to such factors as are deemed appropriate by the Company in its sole discretion, subject
to any requirements of Applicable Laws, including the Code. The payment by the Company of a director’s fee shall not be sufficient
to constitute “employment” of such Director by the Company or any Parent, Subsidiary or Affiliate.

 

(t)                
“Exchange Act” means the Securities Exchange Act of 1934, as amended.

 

(u)              
“Fair Market Value” means, as of any date, the per share fair market value of the Common Stock,
as determined by the Administrator in good faith on such basis as it deems appropriate and applied consistently with respect to
Participants. Whenever possible, the determination of Fair Market Value shall be based upon the per share closing price for the
Shares as reported in The Wall Street Journal for the applicable date.

 

(v)              
“Family Members” means any child, stepchild, grandchild, parent, stepparent, grandparent, spouse,
former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law
(including adoptive relationships) of the Participant, any person sharing the Participant’s household (other than a tenant
or employee), a trust in which these persons (or the Participant) have more than 50% of the beneficial interest, a foundation in
which these persons (or the Participant) control the management of assets, and any other entity in which these persons (or the
Participant) own more than 50% of the voting interests.

 

(w)            
“Incentive Stock Option” means an Option intended to, and which does, in fact, qualify as an incentive
stock option within the meaning of Section 422 of the Code.

 

(x)              
“Involuntary Termination” means (unless another definition is provided in the applicable Award
Agreement, employment agreement or other applicable written agreement) the termination of a Participant’s Continuous Service
Status other than for (i) death, (ii) Disability or (iii) for Cause by the Company or a Parent, Subsidiary, Affiliate or successor
thereto, as appropriate.

 

(y)              
“Listed Security” means any security of the Company that is listed or approved for listing on
a national securities exchange or designated or approved for designation as a national market system security on an interdealer
quotation system by the Financial Industry Regulatory Authority (or any successor thereto).

 

(z)               
“Nonstatutory Stock Option” means an Option that is not intended to, or does not, in fact, qualify
as an Incentive Stock Option.

 

(aa)            
“Option” means a stock option granted pursuant to the Plan.

 

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(bb)           
 “Option Exchange Program” means a program approved by the Administrator whereby outstanding Options
(i) are exchanged for Options with a lower exercise price, Restricted Stock, Restricted Stock Units, cash or other property or
(ii) are amended to decrease the exercise price as a result of a decline in the Fair Market Value.

 

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

 

(dd)            
“Optionee” means an Employee or Consultant who receives an Option.

 

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

 

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

 

(gg)            
“Plan” means this 2014 Stock Plan.

 

(hh)            
“Restricted Stock” means Shares acquired pursuant to a right to purchase or receive Common Stock
granted pursuant to Section 8 below.

 

(ii)               
“Restricted Stock Unit” means a bookkeeping entry representing an obligation of the Company to
deliver Shares or cash granted pursuant to Section 8 below. 

 

(jj)               
“Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act, as amended from time to time,
or any successor provision.

 

(kk)             
“Share” means a share of Common Stock, as adjusted in accordance with Section 10 below.

 

(ll)              
“Stock Exchange” means any stock exchange or consolidated stock price reporting system on which
prices for the Common Stock are quoted at any given time.

 

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

 

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

 

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3.                 
 Stock Subject to the Plan.

 

(a)              
Subject to the provisions of Section 10 below, the maximum aggregate number of Shares that may be issued under the
Plan is 65,729,703 Shares, all of which Shares may be issued under the Plan pursuant to Incentive Stock Options. The Shares
issued under the Plan may be authorized, but unissued, or reacquired Shares.

 

(b)              
If an Award should expire or become unexercisable for any reason without having been exercised in full, or is surrendered
pursuant to an Option Exchange Program, the unissued Shares that were subject thereto shall, unless the Plan shall have been terminated,
continue to be available under the Plan for issuance pursuant to future Awards. In addition, any Shares which are retained by the
Company upon exercise of an Award in order to satisfy the exercise or purchase price for such Award or any withholding taxes due
with respect to such Award shall be treated as not issued and shall continue to be available under the Plan for issuance pursuant
to future Awards. Shares issued under the Plan and later forfeited to the Company due to the failure to vest or repurchased by
the Company at the original purchase price paid to the Company for the Shares (including, without limitation, upon forfeiture to
or repurchase by the Company in connection with the termination of a Participant’s Continuous Service Status) shall again
be available for future grant under the Plan.

 

(c)              
Notwithstanding the foregoing, subject to the provisions of Section 10 below, in no event shall the maximum aggregate
number of Shares that may be issued under the Plan pursuant to Incentive Stock Options exceed the number set forth in the first
sentence of this Section 3 plus, to the extent allowable under Section 422 of the Code and the Treasury Regulations promulgated
there under, any Shares that again become available for issuance pursuant to the remaining provisions of this Section 3.

 

(d)              
The Administrator may, from time to time, assume outstanding awards granted by another entity, whether in connection with
an acquisition of such other entity or otherwise, by either (i) granting an Award under the Plan in replacement of or in substitution
for the award assumed by the Company, or (ii) treating the assumed award as if it had been granted under the Plan if the terms
of such assumed award could be applied to an Award granted under the Plan. Such assumed award shall be permissible if the holder
of the assumed award would have been eligible to be granted an Award hereunder if the other entity had applied the rules of this
Plan to such grant. The Administrator may also grant Awards under the Plan in settlement of or in substitution for outstanding
awards or obligations to grant future awards in connection with the Company or an Affiliate acquiring another entity, an interest
in another entity, or an additional interest in an Affiliate whether by merger, stock purchase, asset purchase or other form of
transaction. If the Administrator authorizes the assumption of awards pursuant to this Section 3(d), the assumption will reduce
the number of shares available for issuance under the Plan in the same manner as if the assumed awards had been granted under the
Plan.

 

4.                 
Administration of the Plan.

 

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

 

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

 

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

 

(i)               
to determine the Fair Market Value in accordance with Section 2(t) above, provided that such determination shall be
applied consistently with respect to Participants under the Plan;

 

(ii)              
to select the Employees and Consultants to whom Awards may from time to time be granted;

 

(iii)             
to determine the number of Shares to be covered by each Award;

 

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

 

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

 

(vi)            
to amend any outstanding Award or Award Agreement, including any amendment adjusting vesting (e.g., in connection with a
change in the terms or conditions under which such person is providing services to the Company), provided that no amendment shall
be made that would materially and adversely affect the rights of any Participant without his or her consent;

 

(vii)         
to determine whether and under what circumstances an Option may be settled in cash under Section 7(c)(iii) below instead
of Common Stock;

 

(viii)        subject
to Applicable Laws, to implement an Option Exchange Program and establish the terms and conditions of such Option Exchange
Program without consent of the holders of capital stock of the Company, provided that no amendment or adjustment to an Option
that would materially and adversely affect the rights of any Participant shall be made without his or her consent;

 

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(ix)            
to approve addenda pursuant to Section 18 below or to grant Awards to, or to modify the terms of, any outstanding Award
Agreement held by Participants who are foreign nationals or employed outside of the United States with such terms and conditions
as the Administrator deems necessary or appropriate to accommodate differences in local law, tax policy or custom which deviate
from the terms and conditions set forth in this Plan to the extent necessary or appropriate to accommodate such differences; and

 

(x)              
to construe and interpret the terms of the Plan and any Award Agreement, which constructions, interpretations and decisions
shall be final and binding on all Participants.

 

(d)              
Indemnification. To the maximum extent permitted by Applicable Laws, each member of the Committee (including
officers of the Company, if applicable), or of the Board, as applicable, shall be indemnified and held harmless by the Company
against and from (i) any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by him or her in
connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she
may be involved by reason of any action taken or failure to act under the Plan or pursuant to the terms and conditions of any Award
except for actions taken in bad faith or failures to act in bad faith, and (ii) any and all amounts paid by him or her in
settlement thereof, with the Company’s approval, or paid by him or her in satisfaction of any judgment in any such claim,
action, suit, or proceeding against him or her, provided that such member shall give the Company an opportunity, at its own expense,
to handle and defend any such claim, action, suit or proceeding before he or she undertakes to handle and defend it on his or her
own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such
persons may be entitled under the Company’s Certificate of Incorporation or Bylaws, by contract, as a matter of law, or otherwise,
or under any other power that the Company may have to indemnify or hold harmless each such person.

 

5.                 
Eligibility.

 

(a)              
Recipients of Grants. Nonstatutory Stock Options, Restricted Stock and Restricted Stock Units may be granted
to Employees and Consultants. Incentive Stock Options may be granted only to Employees, provided that Employees of Affiliates shall
not be eligible to receive Incentive Stock Options.

 

(b)              
Type of Option. Each Option shall be designated in the Award Agreement as either an Incentive Stock Option
or a Nonstatutory Stock Option.

 

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

 

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

 

6.                 
Term of Plan. The Plan shall become effective upon its adoption by the Board and shall continue in effect
for a term of 10 years unless sooner terminated under Section 14 below.

 

7.                 
Options.

 

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

 

(b)             
Option Exercise Price and Consideration.

 

(i)                
Exercise Price. The per Share exercise price for the Shares to be issued pursuant to the exercise of an Option
shall be such price as is determined by the Administrator and set forth in the Award Agreement, but shall be subject to the following:

 

(1)              
In the case of an Incentive Stock Option

 

a.                  
granted to an Employee who at the time of grant is a Ten Percent Holder, the per Share exercise price shall be no less than
110% of the Fair Market Value on the date of grant;

 

b.                 
granted to any other Employee, the per Share exercise price shall be no less than 100% of the Fair Market Value on the date
of grant;

 

(2)              
Except as provided in subsection (3) below, in the case of a Nonstatutory Stock Option the per Share exercise price
shall be such price as is determined by the Administrator, provided that, if the per Share exercise price is less than 100% of
the Fair Market Value on the date of grant, it shall otherwise comply with all Applicable Laws, including Section 409A of
the Code; and

 

(3)              
Notwithstanding the foregoing, Options may be granted with a per Share exercise price other than as required above pursuant
to a merger or other corporate transaction.

 

    -9-

     

    

 

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

 

(c)              
Exercise of Option.

 

(i)                
General.

 

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

 

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

 

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

 

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(4)              
 Procedures for and Results of Exercise. An Option shall be deemed exercised when written notice of such exercise
has been received by the Company in accordance with the terms of the Award Agreement by the person entitled to exercise the Option
and the Company has received full payment for the Shares with respect to which the Option is exercised and has paid, or made arrangements
to satisfy, any applicable taxes, withholding, required deductions or other required payments in accordance with Section 9
below. The exercise of an Option shall result in a decrease in the number of Shares that thereafter may be available, both for
purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised.

 

(5)              
Rights as Holder of Capital Stock. Until the issuance of the Shares (as evidenced by the appropriate entry
on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any
other rights as a holder of capital stock shall exist with respect to the Optioned Stock, notwithstanding the exercise of the Option.
No adjustment will be made for a dividend or other right for which the record date is prior to the date the stock is issued, except
as provided in Section 10 below.

 

(ii)             
Termination of Continuous Service Status. The Administrator shall establish and set forth in the applicable
Award Agreement the terms and conditions upon which an Option shall remain exercisable, if at all, following termination of an
Optionee’s Continuous Service Status, which provisions may be waived or modified by the Administrator at any time. To the
extent that an Award Agreement does not specify the terms and conditions upon which an Option shall terminate upon termination
of an Optionee’s Continuous Service Status, the following provisions shall apply:

 

(1)              
General Provisions. If the Optionee (or other person entitled to exercise the Option) does not exercise the
Option to the extent so entitled within the time specified below, the Option shall terminate and the Optioned Stock underlying
the unexercised portion of the Option shall revert to the Plan. In no event may any Option be exercised after the expiration of
the Option term as set forth in the Award Agreement (and subject to this Section 7).

 

(2)              
Termination other than Upon Disability or Death or for Cause. In the event of termination of an Optionee’s
Continuous Service Status other than under the circumstances set forth in the subsections (3) through (5) below, such Optionee
may exercise any outstanding Option at any time within 3 month(s) following such termination to the extent the Optionee is vested
in the Optioned Stock.

 

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

 

(4)               Death
of Optionee. In the event of the death of an Optionee during the period of Continuous Service Status since the date
of grant of any outstanding Option, or within 3 month(s) following termination of the Optionee’s Continuous Service
Status, the Option may be exercised by any beneficiaries designated in accordance with Section 16 below, or if there are
no such beneficiaries, by the Optionee’s estate, or by a person who acquired the right to exercise the Option by
bequest or inheritance, at any time within 12 month(s) following the date the Optionee’s Continuous Service Status
terminated, but only to the extent the Optionee is vested in the Optioned Stock.

 

    -11-

     

    

 

(5)              
Termination for Cause. In the event of termination of an Optionee’s Continuous Service Status for Cause,
any outstanding Option (including any vested portion thereof) held by such Optionee shall immediately terminate in its entirety
upon first notification to the Optionee of termination of the Optionee’s Continuous Service Status for Cause. If an Optionee’s
Continuous Service Status is suspended pending an investigation of whether the Optionee’s Continuous Service Status will
be terminated for Cause, all the Optionee’s rights under any Option, including the right to exercise the Option, shall be
suspended during the investigation period. Nothing in this Section 7(c)(ii)(5) shall in any way limit the Company’s
right to purchase unvested Shares issued upon exercise of an Option as set forth in the applicable Award Agreement.

 

(iii)           
Buyout Provisions. The Administrator may at any time offer to buy out for a payment in cash or Shares an Option
previously granted under the Plan based on such terms and conditions as the Administrator shall establish and communicate to the
Optionee at the time that such offer is made.

 

8.                 
Restricted Stock and Restricted Stock Units.

 

(a)              
Rights to Purchase or Receive Restricted Stock.

 

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

 

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

 

(b)               Restricted
Stock Units. When Restricted Stock Units are granted under the Plan, the Company shall advise the recipient in
writing of the terms, conditions and restrictions related to the Award, including the number of Shares that such person shall
be entitled to receive upon settlement of the Restricted Stock Units, and the terms and conditions applicable to each
Restricted Stock Unit at the time of grant. No Shares shall be issued at the time a Restricted Stock Unit is granted, and the
Company will not be required to set aside funds for the payment of any such Award. A Participant shall have no voting rights
with respect to any Restricted Stock Units prior to the issuance of Shares upon settlement of the Restricted Stock Units. An
Award of Restricted Stock Units shall be accepted by execution of an Award Agreement in the form determined by the
Administrator.

 

    -12-

     

    

 

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

 

(d)              
Other Provisions. The Award Agreement covering Restricted Stock or Restricted Stock Units, as applicable,
shall contain such other terms, provisions and conditions not inconsistent with the Plan as may be determined by the Administrator
in its sole discretion. In addition, the provisions of Award Agreements need not be the same with respect to each Participant.

 

(e)              
Rights as a Holder of Capital Stock. Once the Restricted Stock is purchased, or the Shares are issued on settlement
of a Restricted Stock Unit, the Participant shall have the rights equivalent to those of a holder of capital stock, and shall be
a record holder when the issuance of the Shares is entered upon the records of the duly authorized transfer agent of the Company.
No Award may be settled for a fractional Share.

 

(f)               
Dividend and Dividend Equivalent Rights. No adjustment will be made for a dividend or other right for which
the record date is prior to the date that Restricted Stock is purchased, except as provided in Section 10 below. An Award
Agreement may provide that any dividends paid on Restricted Stock will be subject to the same vesting and forfeiture restrictions
as apply to the Restricted Stock. Dividend equivalents may be credited in respect of Restricted Stock Units, as determined by the
Administrator and contained in the applicable Award Agreement. Such dividend equivalents may be converted into additional Restricted
Stock Units subject to an Award Agreement in such manner as determined by the Administrator, and any additional Restricted Stock
Units credited by reason of such dividend equivalents will be subject to the same terms and conditions of the Award Agreement to
which they relate.

 

    -13-

     

    

 

9.                 
 Taxes.

 

(a)              
As a condition of the grant, vesting, exercise and/or settlement of an Award, the Participant (or in the case of the Participant’s
death or a permitted transferee, the person holding or exercising the Award) shall make such arrangements as the Administrator
may require for the satisfaction of any applicable U.S. federal, state, local or foreign tax, withholding, and any other required
deductions or payments that may arise in connection with such Award. The Company shall not be required to issue any Shares under
the Plan until such obligations are satisfied.

 

(b)              
The Administrator may, to the extent permitted under Applicable Laws, permit a Participant (or in the case of the Participant’s
death or a permitted transferee, the person holding or exercising the Award) to satisfy all or part of his or her tax, withholding,
or any other required deductions or payments by Cashless Exercise or by surrendering Shares (either directly or by stock attestation)
that he or she previously acquired; provided that, unless specifically permitted by the Company, any such Cashless Exercise must
be an approved broker-assisted Cashless Exercise or the Shares withheld in the Cashless Exercise must be limited to avoid financial
accounting charges under applicable accounting guidance and any such surrendered Shares must have been previously held for any
minimum duration required to avoid financial accounting charges under applicable accounting guidance. Any payment of taxes by surrendering
Shares to the Company may be subject to restrictions, including, but not limited to, any restrictions required by rules of the
Securities and Exchange Commission.

 

10.             
Adjustments Upon Changes in Capitalization, Merger or Certain Other Transactions.

 

(a)               Changes
in Capitalization. Subject to any action required under Applicable Laws by the holders of capital stock of the
Company, (i) the numbers and class of Shares or other stock or securities: (x) available for future Awards under
Section 3 above and (y) covered by each outstanding Award, (ii) the exercise price per Share of each such outstanding
Option, and (iii) any repurchase price per Share applicable to Shares issued pursuant to any Award, shall be automatically
proportionately adjusted in the event of a stock split, reverse stock split, stock dividend, combination, consolidation,
reclassification of the Shares or subdivision of the Shares. In the event of any increase or decrease in the number of issued
Shares effected without receipt of consideration by the Company, a declaration of an extraordinary dividend with respect to
the Shares payable in a form other than Shares in an amount that has a material effect on the Fair Market Value, a
recapitalization (including a recapitalization through a large nonrecurring cash dividend), a rights offering, a
reorganization, merger, a spin-off, split-up, change in corporate structure or a similar occurrence, the Administrator shall
make appropriate adjustments, in its discretion, in one or more of (i) the numbers and class of Shares or other stock or
securities: (x) available for future Awards under Section 3 above and (y) covered by each outstanding Award, (ii) the
exercise price per Share of each outstanding Option and (iii) any repurchase price per Share applicable to Shares issued
pursuant to any Award, and any such adjustment by the Administrator shall be made in the Administrator’s sole and
absolute discretion and shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the
Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no
adjustment by reason thereof shall be made with respect to, the number or price of Shares subject to an Award. If, by reason
of a transaction described in this Section 10(a) or an adjustment pursuant to this Section 10(a), a
Participant’s Award Agreement covers additional or different shares of stock or securities, then such additional or
different shares, and the Award Agreement, shall be subject to all of the terms, conditions and restrictions which were
applicable to the Award prior to such adjustment.

 

    -14-

     

    

 

(b)              
Dissolution or Liquidation. In the event of the dissolution or liquidation of the Company, each Award will
terminate immediately prior to the consummation of such action, unless otherwise determined by the Administrator.

 

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

 

11.             
Non-Transferability of Awards.

 

(a)              
General. Except as set forth in this Section 11, Awards may not be sold, pledged, assigned, hypothecated,
transferred or disposed of in any manner other than by will or by the laws of descent or distribution. The designation of a beneficiary
by a Participant will not constitute a transfer. An Option may be exercised, during the lifetime of the holder of the Option, only
by such holder or a transferee permitted by this Section 11.

 

(b)               Limited
Transferability Rights. Notwithstanding anything else in this Section 11, the Administrator may in its sole
discretion provide that any Nonstatutory Stock Options may be transferred by instrument to an inter vivos or testamentary
trust in which the Options are to be passed to beneficiaries upon the death of the trustor (settlor) or by gift to Family
Members. Further, beginning with (i) the period when the Company begins to rely on the exemption described in
Rule 12h-1(f)(1) promulgated under the Exchange Act, as determined by the Board in its sole discretion, and (ii) ending
on the earlier of (A) the date when the Company ceases to rely on such exemption, as determined by the Board in its sole
discretion, or (B) the date when the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the
Exchange Act, an Option, or prior to exercise, the Shares subject to the Option, may not be pledged, hypothecated or
otherwise transferred or disposed of, in any manner, including by entering into any short position, any “put equivalent
position” or any “call equivalent position” (as defined in Rule 16a-1(h) and Rule 16a-1(b) of the
Exchange Act, respectively), other than to (i) persons who are Family Members through gifts or domestic relations orders, or
(ii) to an executor or guardian of the Participant upon the death or disability of the Participant. Notwithstanding the
foregoing sentence, the Board, in its sole discretion, may permit transfers of Nonstatutory Stock Options to the Company or
in connection with a Change of Control or other acquisition transactions involving the Company to the extent permitted by
Rule 12h-1(f).

 

    -15-

     

    

 

12.             
Non-Transferability of Stock Underlying Awards.

 

(a)              
General. Notwithstanding anything to the contrary, no stockholder shall transfer, whether by sale, gift or
otherwise, any Shares acquired from any Award (including, without limitation, Shares acquired upon exercise of an Option) to any
person or entity unless such transfer is approved by the Company prior to such transfer, which approval may be granted or withheld
in the Company’s sole and absolute discretion. Any purported transfer effected in violation of this Section 12 shall
be null and void and shall have no force or effect and the Company shall not be required (i) to transfer on its books any
Shares that have been sold or otherwise transferred in violation of any of the provisions of the Plan or (ii) to treat as
owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such Shares shall
have been so transferred.

 

(b)              
Approval Process. Any stockholder seeking the approval of the Board to transfer some or all of its Shares
shall give written notice thereof to the Secretary of the Company and such request for transfer shall be subject to such right
of first refusal, transfer provisions and any other terms and conditions as may be set forth in the applicable Award Agreement
or other applicable written agreement.

 

13.             
Time of Granting Awards. The date of grant of an Award shall, for all purposes, be the date on which the Administrator
makes the determination granting such Award, or such other date as is determined by the Administrator.

 

14.             
Amendment and Termination of the Plan. The Board may at any time amend or terminate the Plan, but no amendment
or termination shall be made that would materially and adversely affect the rights of any Participant under any outstanding Award,
without his or her consent. In addition, to the extent necessary and desirable to comply with Applicable Laws, the Company shall
obtain the approval of holders of capital stock with respect to any Plan amendment in such a manner and to such a degree as required.

 

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

 

    -16-

     

    

 

16.             
Beneficiaries. If permitted by the Company, a Participant may designate one or more beneficiaries with respect
to an Award by timely filing the prescribed form with the Company. A beneficiary designation may be changed by filing the prescribed
form with the Company at any time before the Participant’s death. Except as otherwise provided in an Award Agreement, if
no beneficiary was designated or if no designated beneficiary survives the Participant, then after a Participant’s death
any vested Award(s) shall be transferred or distributed to the Participant’s estate or to any person who has the right to
acquire the Award by bequest or inheritance.

 

17.             
Approval of Holders of Capital Stock. If required by Applicable Laws, continuance of the Plan shall be subject
to approval by the holders of capital stock of the Company within 12 months before or after the date the Plan is adopted or, to
the extent required by Applicable Laws, any date the Plan is amended. Such approval shall be obtained in the manner and to the
degree required under Applicable Laws.

 

18.             
Addenda. The Administrator may approve such addenda to the Plan as it may consider necessary or appropriate
for the purpose of granting Awards to Employees or Consultants, which Awards may contain such terms and conditions as the Administrator
deems necessary or appropriate to accommodate differences in local law, tax policy or custom, which may deviate from the terms
and conditions set forth in this Plan. The terms of any such addenda shall supersede the terms of the Plan to the extent necessary
to accommodate such differences but shall not otherwise affect the terms of the Plan as in effect for any other purpose.

 

19.             
Information to Holders of Options. In the event the Company is relying on the exemption provided by Rule 12h-1(f)
under the Exchange Act, the Company shall provide the information described in Rule 701(e)(3), (4) and (5) of the Securities Act
of 1933, as amended, to all holders of Options in accordance with the requirements thereunder until such time as the Company becomes
subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act. The Company may request that holders of Options
agree to keep the information to be provided pursuant to this Section confidential. If the holder does not agree to keep the information
to be provided pursuant to this Section confidential, then the Company will not be required to provide the information unless otherwise
required pursuant to Rule 12h-1(f)(1) of the Exchange Act.

 

    -17-

     

    

 

ADDENDUM A

 

2014
Stock Plan

 

(California
Participants)

 

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

 

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

 

(a)              
If such termination was for reasons other than death, “Permanent Disability” (as defined below), or Cause, the
Participant shall have at least 30 days after the date of such termination to exercise his or her Option to the extent the Participant
is entitled to exercise on his or her termination date, provided that in no event shall the Option be exercisable after the expiration
of the term as set forth in the Award Agreement.

 

(b)              
If such termination was due to death or Permanent Disability, the Participant shall have at least 6 months after the date
of such termination to exercise his or her Option to the extent the Participant is entitled to exercise on his or her termination
date, provided that in no event shall the Option be exercisable after the expiration of the term as set forth in the Award Agreement.

 

“Permanent Disability”
for purposes of this Addendum shall mean the inability of the Participant, in the opinion of a qualified physician acceptable to
the Company, to perform the major duties of the Participant’s position with the Company or any Parent or Subsidiary because
of the sickness or injury of the Participant.

 

2.                 
Notwithstanding anything to the contrary in Section 10(a) of the Plan, the Administrator shall in any event make such
adjustments as may be required by Section 25102(o) of the California Corporations Code.

 

3.                 
Notwithstanding anything stated herein to the contrary, no Option shall be exercisable on or after the 10th anniversary
of the date of grant and any Award agreement shall terminate on or before the 10th anniversary of the date of grant.

 

4.                  The
Company shall furnish summary financial information (audited or unaudited) of the Company’s financial condition and
results of operations, consistent with the requirements of Applicable Laws, at least annually to each California Participant
during the period such Participant has one or more Awards outstanding, and in the case of an individual who acquired Shares
pursuant to the Plan, during the period such Participant owns such Shares; provided, however, the Company shall not be
required to provide such information if (i) the issuance is limited to key persons whose duties in connection with the
Company assure their access to equivalent information or (ii) the Plan or any agreement complies with all conditions of Rule
701 of the Securities Act of 1933, as amended; provided that for purposes of determining such compliance, any registered
domestic partner shall be considered a “family member” as that term is defined in Rule 701.Exhibit 10.19

 

OPENdoor
labs inc.

 

2014
Stock Plan

 

Notice
of RESTRICTED STOCK UNIT Grant

 

Opendoor Labs, Inc. (the “Company”),
pursuant to its 2014 Stock Plan (the “Plan”), hereby awards to you (“Participant”) the number
of Restricted Stock Units (“RSUs”) set forth below (the “Award”). The Award is subject to
all of the terms and conditions in this Notice of Restricted Stock Unit Grant (this “Grant Notice”) and the
RSU Terms and Conditions (including all appendices and attachments) attached as Exhibit A (collectively, the “Award
Agreement”). Capitalized terms not otherwise defined will have the meanings set forth in the Plan.

 

	Participant Name: 	 
	Date of Grant:	 
	Vesting Commencement Date:	 
	Number of RSUs:	 
	Liquidity Event Deadline:	 

 

	Vesting Schedule:	 	
        You will receive one share of Common Stock
        in settlement of an RSU only if it vests.

         

        An RSU will vest (and become a “Vested
        RSU”) on the first date upon which both the Service-Based Requirement and the Liquidity Event Requirement are
        satisfied (the “Vesting Date”).

         

	Service-Based Requirement:	 	
        Your RSUs will satisfy the Service-Based
        Requirement (which we refer to as being “service-vested”) in installments as follows:

         

        25% of the total number RSUs will become
        service-vested on the 12-month anniversary of the Vesting Commencement Date, and thereafter 1/16th of the total number
        of RSUs will become service-vested in a series of 12 successive equal quarterly installments following the first anniversary of
        the Vesting Commencement Date, subject to your Continuous Service Status as of each such date.

         

        Once your Continuous Service Status terminates,
        no additional RSUs may service-vest.

         

	Liquidity Event Requirement:	 	
        The Liquidity Event Requirement will be
        satisfied on the first to occur of the following events on or before the Liquidity Event Deadline: (each, a “Liquidity
        Event”): (1) a Change of Control (as defined in the Plan); and (2) the effective date of a registration statement
        of the Company filed under the Securities Act for the sale of the Company’s Common Stock (an “IPO”).

         

	Settlement:	 	
        The Company will deliver one share of Common
        Stock for each Vested RSU. The shares will be issued in accordance with Section 5 of the RSU Terms and Conditions, except
        as provided below.

         

        If the Liquidity Event Requirement
is satisfied by an IPO, and the date that an RSU becomes a Vested RSU occurs prior to the expiration of the Lock-Up Period (defined
in Section 6 of the RSU Terms and Conditions), then the Administrator in its sole discretion may delay issuance of Shares
on settlement of Vested RSUs for administrative purposes (such as to facilitate same-day sales to facilitate collection of withholding
taxes), provided that the Shares must in all events be issued by the earlier of (a) the next trading day following
the expiration of the Lock-Up Period, and (b) March 15 of the year following the year in which the IPO occurred.

 

     

     

    

 

	Termination and Forfeiture:	 	
        If your Continuous Service Status is terminated
        (other than for Cause) before the Liquidity Event Requirement has been met, any RSUs which have met the Service-Based Requirement
        will remain outstanding, and will remain eligible to vest on a Liquidity Event if it occurs on or prior to the Liquidity Event
        Deadline.

         

        If your Continuous Service Status is terminated
        for Cause, all RSUs (including Vested RSUs) will automatically be forfeited at no cost to the Company upon first notification to
        you of such termination.

         

        All RSUs will automatically expire and
        be forfeited at no cost to the Company on the Liquidity Event Deadline if no Liquidity Event has occurred by such date.

 

By your signature and the signature of
the representative of the Company below, you and the Company agree that this Award is granted under and governed by the terms and
conditions of the Plan and this Award Agreement, including the RSU Terms and Conditions (including all appendices and attachments)
attached as Exhibit A, all of which are made a part of this document. You acknowledge and agree that you have
reviewed the Plan and this Award Agreement in their entirety. You hereby agree to accept as binding, conclusive and final all decisions
or interpretations of the Administrator upon any questions relating to the Plan and this Award Agreement.

 

This Award Agreement may be executed in
counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature complying with the U.S.
federal ESIGN Act of 2000, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed
to have been duly and validly delivered and be valid and effective for all purposes.

 	OPENDOOR LABS, INC.  	 	PARTICIPANT:  
	 	 	 
	 	 	
	By:   	          	 	
	 	Signature	 	Signature
	 	 	 
	Name : Eric Wu
 Title: President	 	Address:
  
 

 

    	 	-2-	 

     

    

 

EXHIBIT A

 

RSU TERMS AND
CONDITIONS

 

The terms of the Award,
in addition to those set forth in the Grant Notice and the Plan, are as follows:

 

1.            Vesting;
Termination. This Award will vest as
provided in the Vesting Schedule included in the Grant Notice. On a termination of Participant’s Continuous Service Status
(other than for Cause), RSUs which have not met the Service-Based Requirement will be subject to the Termination and Forfeiture
provisions contained in the Grant Notice.

 

2.            Number
of Shares. The number of RSUs subject
to the Award may be adjusted from time to time for changes in capitalization of the Company as provided in Section 10(a) of
the Plan. No fractional RSUs or rights for fractional Shares will be created pursuant to this Section 3. Any fraction of a
share will be rounded down to the nearest whole share.

 

3.            No
Stockholder Rights. Unless and until such time
as Shares are issued in settlement of Vested RSUs, Participant will have
no ownership of the Shares allocated to the RSUs and will have no rights to dividends or to vote such Shares.

 

4.            Non-Transferability.
Prior to the time that Shares have been delivered to Participant, Participant may not transfer, pledge, sell or otherwise dispose
of this Award or the RSUs in any manner other than by will or by the laws
of descent or distribution or court order or unless otherwise permitted by the Administrator on a case-by-case basis.

 

5.            Settlement.
Settlement of RSUs will be made within 30 days following the applicable date of vesting under
the Vesting Schedule set forth in the Grant Notice, except as provided in the Grant Notice or as determined by the Administrator
in accordance with the Plan. The issuance of Shares in settlement of RSUs is intended to comply with Treasury Regulations Section 1.409A-1(b)(4) and
will be construed and administered in such a manner. Settlement of RSUs will be in Shares.

 

6.            Lock-Up
Agreement.  If so requested by the Company or the underwriters in connection with
the initial public offering of the Company’s securities registered under the Securities Act of 1933, as amended, Participant
shall not sell, make any short sale of, loan, grant any option for the purchase of, or otherwise dispose of any securities of the
Company however or whenever acquired (except for those being registered) without the prior written consent of the Company or such
underwriters, as the case may be, for 180 days from the effective date of the registration statement, plus such additional period,
to the extent required by FINRA rules, up to a maximum of 216 days from the effective date of the registration statement (the “Lock-Up
Period”), and Participant shall execute an agreement reflecting the foregoing as may be requested by the underwriters
at the time of such offering.

 

     

     

    

 

7.            Responsibility
for Taxes.

 

(a)            Participant
acknowledges that, regardless of any action the Company or, if different, Participant’s employer (the “Employer”)
takes with respect to any or all income tax, social insurance, payroll tax, fringe benefit tax, payment on account or other tax
related items related to Participant’s participation in the Plan and legally applicable to Participant (“Tax-Related
Items”), the ultimate liability for all Tax-Related Items is and remains Participant’s responsibility and may exceed
the amount actually withheld by the Company or the Employer, if any. Participant further acknowledges that the Company and the
Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any
aspect of the RSUs, including, but not limited to, the grant of the RSUs, the vesting and settlement of the RSUs, the delivery
or sale of any Shares and the issuance of any dividends, and (ii) do not commit to and are under no obligation to structure
the terms of the grant or any aspect of the Award to reduce or eliminate Participant’s liability for Tax-Related Items or
achieve any particular tax result. Participant acknowledges and agrees that Participant will not make any claim against the Company,
or any of its Officers, Directors, Employees or Affiliates for Tax-Related Items arising from the Award. Further, if Participant
is subject to Tax-Related Items in more than one jurisdiction, Participant acknowledges that the Company and/or the Employer may
be required to withhold or account for Tax-Related Items in more than one jurisdiction.

 

(b)            Prior
to the relevant taxable or tax withholding event, as applicable, Participant agrees to make adequate arrangements satisfactorily
to the Company and/or the Employer to satisfy all Tax-Related Items. In this regard, Participant authorizes the Company and/or
the Employer, or their respective agents, at their discretion, to satisfy their withholding obligations with regard to all Tax-Related
Items by: (i) withholding from Participant’s wages or any other cash compensation otherwise payable to Participant by
the Company and/or Employer; (ii) causing Participant to tender a cash payment; (iii) permitting or requiring Participant
to enter into a “same day sale” commitment, if applicable, 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 Participant irrevocably elect to sell a portion of the shares to be delivered in connection with the RSUs to satisfy the
Tax-Related Items and whereby the FINRA Dealer irrevocably commits to forward the proceeds necessary to satisfy the Tax-Related
Items directly to the Company and its Affiliates; or (iv) withholding Shares from the Shares otherwise issuable to Participant
in connection with the Award with a Fair Market Value equal to the amount of such Tax-Related Items; provided, however that
if Participant is an Officer, then the Company will withhold a number of Shares upon the relevant taxable or tax withholding event,
as applicable, unless the use of such withholding method is not feasible under applicable tax or securities law or has materially
adverse accounting consequences, in which case, the obligation for Tax-Related Items may be satisfied by one or a combination of
methods (i)-(iii) above. Depending on the withholding method, the Company or the Employer may withhold or account for Tax-Related
Items by considering applicable minimum statutory withholding amounts or other applicable withholding rates, including maximum
applicable rates, in which case Participant may receive a refund of any over-withheld amount in cash and will have no entitlement
to the Common Stock equivalent. If the obligation for Tax-Related Items is satisfied by withholding a number of Shares, for tax
purposes Participant will be deemed to have been issued the full number of Shares. The Company does not guarantee that Participant
will be able to satisfy the Tax-Related Items through any of the methods described in the preceding provisions and in all circumstances
Participant remain responsible for timely and fully satisfying the Tax-Related Items.

 

    	 	-A-2-	 

     

    

 

(c)            Unless
the Tax-Related Items of the Company and any Affiliate are satisfied, the Company will have no obligation to deliver to Participant
any Shares or other consideration pursuant to this Award. In the event the Company’s obligation to withhold arises prior
to the delivery to Participant of Shares or it is determined after the delivery of Shares to Participant that the amount of the
Company’s withholding obligation was greater than the amount withheld by the Company, Participant agrees to indemnify and
hold the Company harmless from any failure by the Company to withhold the proper amount.

 

8.            No
Advice Regarding Grant. The Company is not providing any tax, legal or financial advice,
nor is the Company making any recommendations regarding Participant’s participation in the Plan, or Participant’s acquisition
or sale of the underlying Shares. Participant acknowledges, understands and agrees he or she should consult with his or her own
personal tax, legal and financial advisors regarding his or her participation in the Plan before taking any action related to the
Plan.

 

9.            Effect
of Agreement. Participant acknowledges receipt of a copy of the Plan and represents
that he or she is familiar with the terms and provisions thereof, and hereby accepts this Award and agrees to be bound by its contractual
terms as set forth herein and in the Plan. Participant hereby agrees to accept as binding, conclusive and final all decisions and
interpretations of the Administrator regarding any questions relating to this Award. In the event of a conflict between the terms
and provisions of the Plan and the terms and provisions of the Notice and this Award Agreement, the Plan terms and provisions shall
prevail.

 

10.          Compliance
with Applicable Laws. Issuance of Shares is subject to and conditioned upon compliance
by the Company and Participant with all Applicable Laws, including applicable securities laws and requirements of any stock exchange
or automated quotation system on which the Shares may be listed or quoted. The Company is under no obligation to register or qualify
the Shares with any securities commission or to seek approval or clearance from any governmental authority for the issuance of
the Shares. The Shares issued pursuant to this Award Agreement shall be endorsed with appropriate legends, if any, determined by
the Company.

 

11.          Imposition
of Other Requirements. The Company reserves the right to impose other requirements
on Participant’s participation in the Plan, on the RSUs and on any Shares acquired under the Plan, to the extent the Company
determines it is necessary or advisable for legal or administrative reasons, and to require Participant to sign any additional
agreements or undertakings that may be necessary to accomplish the foregoing.

 

12.          Electronic
Delivery. The Company may, in its sole discretion, decide to deliver any documents
related to Participant’s current or future participation in the Plan, this Award, the Shares subject to this Award, any other
Company securities or any other Company-related documents, by electronic means. By accepting this Award, whether electronically
or otherwise, Participant hereby (i) consents to receive such documents by electronic means, (ii) consents to the use
of electronic signatures, and (iii) if applicable, agrees to participate in the Plan and/or receive any such documents through
an on-line or electronic system established and maintained by the Company or a third party designated by the Company, including
but not limited to the use of electronic signatures or click-through electronic acceptance of terms and conditions.

 

    	 	-A-3-	 

     

    

 

13.          No
Employment Rights. Nothing in this Agreement shall affect in any manner whatsoever
the right or power of the Company, or a parent, subsidiary or affiliate of the Company, to terminate Participant’s employment
or consulting relationship, for any reason, with or without cause.

 

14.          Miscellaneous.

 

(a)            Governing
Law and Venue. The validity, interpretation, construction and performance of this
Award Agreement, and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed,
construed and interpreted in accordance with the laws of the state of California, without giving effect to principles of conflicts
of law. For purposes of litigating any dispute that may arise directly or indirectly from this Award Agreement, the parties hereby
submit and consent to the exclusive jurisdiction of the state of California and agree that any such litigation shall be conducted
only in the courts of California or the federal courts of the United States located in California and no other courts.

 

(b)            Entire
Agreement. This Agreement sets forth the entire agreement and understanding of the
parties relating to the subject matter herein and supersedes all prior or contemporaneous discussions, understandings and agreements,
whether oral or written, between them relating to the subject matter hereof.

 

(c)            Amendments
and Waivers. No modification of or amendment to this Award Agreement, nor any waiver
of any rights under this Award Agreement, shall be effective unless in writing signed by the parties to this Award Agreement. No
delay or failure to require performance of any provision of this Award Agreement shall constitute a waiver of that provision as
to that or any other instance.

 

(d)            Successors
and Assigns. Except as otherwise provided in this Award Agreement, this Award Agreement,
and the rights and obligations of the parties hereunder, will be binding upon and inure to the benefit of their respective successors,
assigns, heirs, executors, administrators and legal representatives. The Company may assign any of its rights and obligations under
this Award Agreement. No other party to this Award Agreement may assign, whether voluntarily or by operation of law, any of its
rights and obligations under this Award Agreement, except with the prior written consent of the Company.

 

(e)            Notices.
Any notice, demand or request required or permitted to be given under this Award Agreement shall be in writing and shall be deemed
sufficient when delivered personally or by overnight courier or sent by email, or 48 hours after being deposited in the U.S. mail
as certified or registered mail with postage prepaid, addressed to the party to be notified at such party’s address as set
forth on the signature page, as subsequently modified by written notice, or if no address is specified on the signature page, at
the most recent address set forth in the Company’s books and records.

 

(f)            Severability.
If one or more provisions of this Award Agreement are held to be unenforceable under Applicable Law, the parties agree to renegotiate
such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such
provision, then (i) such provision shall be excluded from this Award Agreement, (ii) the balance of the Award Agreement
shall be interpreted as if such provision were so excluded and (iii) the balance of the Award Agreement shall be enforceable
in accordance with its terms.

 

    	 	-A-4-

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