Document:

EX-4.6

 Exhibit 4.6 
 HERCULES TECHNOLOGY GROWTH CAPITAL, INC. 
 2004 EQUITY INCENTIVE PLAN

 (2011 AMENDMENT AND RESTATEMENT) 
 1. PURPOSE. 
 (A) General Purpose. The Plan has been established to
advance the interests of the Company by providing for the grant of Awards to Participants. At all times during such periods as the Company qualifies or is intended to qualify as a “business development company” under the 1940 Act, the
terms of the Plan shall be construed so as to conform to the stock-based compensation requirements applicable to “business development companies” under the 1940 Act. An Award or related transaction will be deemed to be permitted under
the 1940 Act if permitted by any exemptive or “no-action” relief granted by the Commission or its staff. 
 (B)
Available Awards. The purpose of the Plan is to provide a means by which eligible recipients of Awards may be given an opportunity to benefit from increases in the value of the Company’s Stock through the granting of Restricted Stock,
Incentive Stock Options, Non-statutory Stock Options and Warrants. 
 (C) Eligible Participants. All key Employees and
all Employee Directors are eligible to be granted Awards by the Board under the Plan; provided that, no person shall be granted Awards of Restricted Stock unless such person is an Employee of the Company or an Employee of a wholly-owned consolidated
subsidiary of the Company. 
 2. DEFINITIONS. 
 (A) “1940 Act” means the Investment Company Act of 1940, as amended, and the rules and regulations promulgated thereunder. 

(B) “Affiliate” means any corporation or other entity that stands in a relationship to the Company that would result in
the Company and such corporation or other entity being treated as one employer under Section 414(b) or Section 414(c) of the Code, except that in determining eligibility for the grant of an Option by reason of service for an Affiliate,
Sections 414(b) and 414(c) of the Code shall be applied by substituting “at least 50%” for “at least 80%” under Section 1563(a)(1), (2) and (3) of the Code and Treas. Regs. § 1.414(c)-2;
provided, that to the extent permitted under Section 409A, “at least 20%” shall be used in lieu of “at least 50%”; and further provided, that the lower ownership threshold described in this definition (50% or
20% as the case may be) shall apply only if the same definition of affiliation is used consistently with respect to all compensatory stock options or stock awards (whether under the Plan or another plan). The Company may at any time by amendment
provide that different ownership thresholds (consistent with Section 409A) apply. Notwithstanding the foregoing provisions of this definition, except as otherwise determined by the Board, a corporation or other entity shall be treated as an
Affiliate only if its employees would be treated as employees of the Company for purposes of the rules promulgated under the Securities Act of 1933, as amended, with respect to the use of Form S-8. 

 (C) “Award” means an award of Restricted Stock, Dividend Equivalent Rights,
Options or Warrants granted pursuant to the Plan. 
 (D) “Board” means the Board of Directors of the Company.

 (E) “Code” means the Internal Revenue Code of 1986, as amended and in effect, or any successor statute as
from time to time in effect. Any reference to a provision of the Code shall be deemed to include a reference to any applicable guidance (as determined by the Board) with respect to such provision. 

(F) “Commission” means the Securities and Exchange Commission. 

(G) “Committee” means a committee of two or more members of the Board appointed by the Board in accordance with
Section 3(c). 
 (H) “Company” means Hercules Technology Growth Capital, Inc., a Maryland corporation.

 (I) “Continuous Service” means the Participant’s uninterrupted service with the Company or an
Affiliate, whether as an Employee or Employee Director. 
 (J) “Covered Transaction” means any of (i) a
consolidation, merger, stock sale or similar transaction or series of related transactions in which the Company is not the surviving corporation or which results in the acquisition of all or substantially all of the Company’s then outstanding
common stock by a single person or entity or by a group of persons and/or entities acting in concert, (ii) a sale or transfer of all or substantially all the Company’s assets, (iii) a dissolution or liquidation of the Company or
(iv) following such time as the Company has a class of equity securities listed on a national securities exchange or quoted on an inter-dealer quotation system, a change in the membership of the Board for any reason such that the individuals
who, as of the Effective Date, constitute the Board of Directors of the Company (the “Continuing Directors”) cease for any reason to constitute at least a majority of the Board (a “Board Change”); provided, however,
that any individual becoming a director after the Effective Date whose election or nomination for election by the Company’s shareholders was approved by a vote of at least a majority of the Continuing Directors will be considered as though such
individual were a Continuing Director, but excluding for this purpose any such individual whose initial assumption of office occurs as a result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 of
Regulation 14A promulgated under the Securities Exchange Act of 1934, as amended) or other actual or threatened solicitation of proxies or consents by or on behalf of any person or entity other than the Board. Where a Covered Transaction
involves a tender offer that is reasonably expected to be followed by a merger described in clause (i) (as determined by the Board), the Covered Transaction shall be deemed to have occurred upon consummation of the tender offer. 

(K) “Dividend Equivalent Rights” has the meaning set forth in Section 11. 

  
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 (L) “Effective Date” has the meaning set forth in Section 14.

 (M) “Employee” means any person employed by the Company or an Affiliate. 

(N) “Employee Director” means a member of the Board of Directors of the Company that is also an Employee of the Company.

 (O) “Family Member” 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, any person sharing the Participant’s household (other than a tenant or employee), a
trust in which these persons have more than fifty percent 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 fifty percent of the voting interests. 
 (P) “Incentive Stock Option” means an Option intended to
qualify as an incentive stock option within the meaning of Section 422 of the Code and the regulations promulgated thereunder. 
 (Q) “Non-employee Director Plan” means the 2006 Non-employee Director Plan, as from time to time amended and in effect. 

(R) “Non-statutory Stock Option” means an Option that is not an Incentive Stock Option. 

(S) “Option” means an Incentive Stock Option or a Non-statutory Stock Option granted pursuant to the Plan. 

(T) “Participant” means a person to whom an Award is granted pursuant to the Plan. 

(U) “Permitted Transferee” means a Family Member of a Participant to whom an Award has been transferred by gift.

 (V) “Plan” means this 2004 Equity Incentive Plan, as from time to time amended and in effect. 

(W) “Restricted Stock” means an Award of Stock for so long as the Stock remains subject to restrictions requiring that
it be forfeited to the Company if specified conditions are not satisfied. 
 (X) “Securities Act” means the
Securities Act of 1933, as amended. 
 (Y) “Stock” means the common stock of the Company, par value
$.001 per share. 
 (Z) “Warrant” means a warrant to purchase Stock of the Company granted pursuant to the
Plan and having such terms and conditions as the Board shall deem appropriate. 

  
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 3. ADMINISTRATION. 
 (A) Administration By Board. The Board shall administer the Plan unless and until it delegates administration to a Committee, as provided in Section 3(c). 

(B) Powers of Board. The Board shall have the power, subject to the express provisions of the Plan and applicable law: 

To determine from time to time which of the persons eligible under the Plan shall be granted Awards; when and how each
Award shall be granted and documented; what type or combination of types of Awards shall be granted; the provisions of each Award granted, including the time or times when a person shall be permitted to exercise an Award; and the number of shares of
Stock with respect to which an Award shall be granted to each such person. 
 To construe and interpret the Plan
and Awards granted under it, and to establish, amend and revoke rules and regulations for its administration. The Board, in the exercise of this power, may correct any defect, omission or inconsistency in the Plan or in any Award documentation, in
such manner and to such extent as it shall deem necessary or expedient to make the Plan fully effective. 
 To
amend the Plan or an Award as provided in Section 12. 
 To terminate or suspend the Plan as provided in
Section 13. 
 Generally, to exercise such powers and to perform such acts as the Board deems necessary or
expedient to promote the best interests of the Company and that are not in conflict with the provisions of the Plan. 
 (C)
Delegation to Committee. The Board may delegate administration of the Plan to a Committee or Committees of two (2) or more members of the Board, and the term “Committee” shall apply to any persons to whom such authority
has been delegated; provided that a “required majority,” as defined in Section 57(o) of the 1940 Act, must approve each issuance of Awards and Dividend Equivalent Rights in accordance with Section 61(a)(3)(A)(iv) of the 1940 Act.
If administration is delegated to a Committee, the Committee shall have, in connection with the administration of the Plan, the powers theretofore possessed by the Board, including the power to delegate to a subcommittee any of the administrative
powers the Committee is authorized to exercise (and references in this Plan to the Board, other than the Board reference at the end of this sentence and the Board references in the last sentence of this subsection (c), shall 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 abolish the Committee at any time and revest in the Board the
administration of the Plan. 
 (D) Effect of Board’s Decision. Determinations, interpretations and constructions
made by the Board in good faith shall not be subject to review by any person and shall be final, binding and conclusive on all persons. 

  
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 4. SHARES SUBJECT TO THE PLAN; CERTAIN LIMITS. 

(A) Share Reserve. The maximum aggregate number of shares of Stock that may be issued under the Plan pursuant to grants of
Restricted Stock or the exercise of Awards (and in the case of Warrants, exercise or exchange of Warrants) is eight million (8,000,000) shares. 
 (B) Reversion of Shares to the Share Reserve. If any Award shall for any reason expire or otherwise terminate, in whole or in part, the shares of Stock not acquired under such Award shall revert to
and again become available for issuance under the Plan. To the extent any Warrants are exchanged at any time for shares of Stock pursuant to the terms of the certificates governing such Warrants, that number of shares equal to the difference between
the number of shares for which such Warrants were exercisable immediately prior to such exchange and the number of shares of Stock for which such Warrants are, in fact, exchanged shall revert to and again become available for issuance under the
Plan. 
 (C) Type of Shares. The shares of Stock subject to the Plan may be unissued shares or reacquired shares bought
on the market or otherwise. No fractional shares of Stock will be delivered under the Plan. 
 (D) Limits on Individual
Grants. The maximum number of shares of Stock for which any Employee or Employee Director may be granted Awards in any calendar year is one million (1,000,000) shares. 

(E) Limits on Grants of Restricted Stock. The combined maximum amount of Restricted Stock that may be issued under the Plan and
the Non-employee Director Plan will be 10% of the outstanding shares of Stock on the effective date of the plans plus 10% of the number of shares of Stock issued or delivered by the Company (other than pursuant to compensation plans) during the term
of the plans. No one person shall be granted Awards of Restricted Stock relating to more than 25% of the shares available for issuance under this Plan. 
 (F) No Grants in Contravention of 1940 Act. At all times during such periods as the Company qualifies or is intended to qualify as a “business development company,” no Award may be
granted under the Plan if the grant of such Award would cause the Company to violate Section 61(a)(3) of the 1940 Act, and, if otherwise approved for grant, shall be void and of no effect. 

(G) Limits on Number of Awards. The amount of voting securities that would result from the exercise of all of the Company’s
outstanding warrants, options, and rights, together with any Restricted Stock issued pursuant to this Plan and the Non-employee Director Plan, at the time of issuance shall not exceed 25% of the outstanding voting securities of the Company, except
that if the amount of voting securities that would result from the exercise of all of the Company’s outstanding warrants, options, and rights issued to the Company’s directors, officers, and employees, together with any Restricted Stock
issued pursuant to this Plan and the Non-employee Director Plan, would exceed 15% of the outstanding voting securities of the Company, then the total amount of voting securities that would result from the exercise of all outstanding warrants,
options, and rights, together with any Restricted Stock issued pursuant to this Plan and the Non-employee Director Plan, at the time of issuance shall not exceed 20% of the outstanding voting securities of the Company. 

  
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 (H) Date of Award’s Grant: The date on which the “required majority,”
as defined in Section 57(o) of the 1940 Act, approves the issuance of an Award will be deemed the date on which such Award is granted. 

5. ELIGIBILITY. 

Incentive Stock Options may be granted to Employees or Employee Directors of the Company or a “parent” or “subsidiary”
corporation of the Company as those terms are used in Section 424 of the Code. Awards other than Incentive Stock Options may be granted to both Employees and Employee Directors. By accepting any Award granted hereunder, the Participant agrees
to the terms of the Award and the Plan. Notwithstanding any provision of this Plan to the contrary, awards of an acquired company that are converted, replaced or adjusted in connection with the acquisition may contain terms and conditions that are
inconsistent with the terms and conditions specified herein, as determined by the Board. 
 6. OPTION PROVISIONS. 

Each Option shall contain such terms and conditions as the Board shall deem appropriate. All Options shall be separately designated
Incentive Stock Options or Non-statutory Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates shall be issued for shares of Stock purchased on exercise of each type of Option. The provisions of
separate Options need not be identical, but, to the extent relevant, each Option shall include (through incorporation by reference or otherwise) the substance of each of the following provisions: 

(A) Time and Manner of Exercise. Unless the Board expressly provides otherwise, an Option will not be deemed to have been
exercised until the Board receives a notice of exercise (in form acceptable to the Board) signed by the appropriate person and accompanied by any payment required under the Award. If the Option is exercised by any person other than the Participant,
the Board may require satisfactory evidence that the person exercising the Option has the right to do so. No Option shall be exercisable after the expiration of ten (10) years from the date on which it was granted. 

(B) Exercise Price of an Option. The exercise price of each Option shall be not less than the current market value of, or if no
such market value exists, the current net asset value of, the stock subject to the Option as determined in good faith by the Board on the date the Option is granted. In the case of an Option granted to a 10% Holder and intended to qualify as an
Incentive Stock Option, the exercise price will not be less than 110% of the current market value determined as of the date of grant. A “10% Holder” is an individual owning stock possessing more than 10% of the total combined voting
power of all classes of stock of the Company or its parent or subsidiary corporations. No such Stock Option, once granted, may be repriced other than in accordance with the 1940 Act and the applicable stockholder approval requirements of the Nasdaq
National Market. 

  
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 (C) Consideration. The purchase price for Stock acquired pursuant to an Option shall
be paid in full at the time of exercise either (i) in cash, or, if so permitted by the Board and if permitted by the 1940 Act and otherwise legally permissible, (ii) through a broker-assisted exercise program acceptable to the Board,
(iii) by such other means of payment as may be acceptable to the Board, or (iv) in any combination of the foregoing permitted forms of payment. 
 (D) Transferability of an Incentive Stock Option. An Incentive Stock Option shall not be transferable except by will or by the laws of descent and distribution and shall be exercisable during the
lifetime of the Participant only by the Participant. 
 (E) Transferability of a Non-statutory Stock Option. A
Non-statutory Stock Option shall be transferable by will or by the laws of descent and distribution, or, to the extent provided by the Board, by gift to a Permitted Transferee, and a Non-statutory Stock Option that is nontransferable except at death
shall be exercisable during the lifetime of the Participant only by the Participant. 
 (F) Limitation on Repurchase
Rights. If an Option gives the Company the right to repurchase shares of Common Stock issued pursuant to the Plan upon termination of employment of such Participant, the terms of such repurchase right must comply with Section 260.140.41(k)
of the California Code of Regulations and the 1940 Act. 
 (G) Exercisability. The Board may determine the time or times
at which an Option will vest or become exercisable and the terms on which an Option requiring exercise will remain exercisable. Notwithstanding the foregoing, vesting shall take place at the rate of at least 20% per year over not more than five
years from the date the award is granted, subject to reasonable conditions such as continued employment; provided, however, that options may be subject to such reasonable forfeiture conditions as the Board may choose to impose and which are not
inconsistent with Section 260.140.41 of the California Code of Regulations. 
 (H) Termination of Continuous
Service. Unless the Board expressly provides otherwise, immediately upon the cessation of a Participant’s Continuous Service that portion, if any, of any Option held by the Participant or the Participant’s Permitted Transferee that is
not then exercisable will terminate and the balance will remain exercisable for the lesser of (i) a period of three months or (ii) the period ending on the latest date on which such Option could have been exercised without regard to this
Section 6(h), and will thereupon terminate subject to the following provisions (which shall apply unless the Board expressly provides otherwise): 
 if a Participant’s Continuous Service ceases by reason of death, or if a Participant dies following the cessation of his or her Continuous Service but while any portion of any Option then held by the
Participant or the Participant’s Permitted Transferee is still exercisable, the then exercisable portion, if any, of all Options held by the Participant or the Participant’s Permitted Transferee immediately prior to the Participant’s
death will remain exercisable for the lesser of (A) the one year period ending with the first anniversary of the Participant’s death or (B) the period ending on the latest date on which such Option could have been exercised without
regard to this Section 6(h)(i), and will thereupon terminate; and 

  
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 if the Board in its sole discretion determines that the cessation of a
Participant’s Continuous Service resulted for reasons that cast such discredit on the Participant as to justify immediate termination of his or her Options, all Options then held by the Participant or the Participant’s Permitted Transferee
will immediately terminate. 
 Notwithstanding anything in the foregoing to the contrary, in the case of a Participant residing in California,
unless such Participant’s employment is terminated for cause (as defined in any contract of employment between the Company and such Participant, or if none, in the instrument evidencing the grant of such Participant’s option), in the event
of termination of employment of such Participant, he or she shall have the right to exercise an option, to the extent that he or she was otherwise entitled to exercise such option on the date employment terminated, as follows: (i) at least six
months from the date of termination, if termination was caused by such Participant’s death or “permanent and total disability” (within the meaning of Section 22(e)(3) of the Code) and (ii) at least 30 days from the date of
termination, if termination was caused other than by such Participant’s death or “permanent and total disability” (within the meaning of Section 22(e)(3) of the Code). 
 7. RESTRICTED STOCK PROVISIONS. 
 Each grant of Restricted Stock shall
contain such terms and conditions as the Board shall deem appropriate. The provisions of separate grants of Restricted Stock need not be identical, but, to the extent relevant, each grant shall include (through incorporation by reference or
otherwise) the substance of each of the following provisions: 
 (A) Consideration. To the extent permitted by the 1940
Act, Awards of Restricted Stock may be made in exchange for past services or other lawful consideration. 
 (B)
Transferability of Restricted Stock. Except as the Board otherwise expressly provides, Restricted Stock shall not be transferable other than by will or by the laws of descent and distribution. 

(C) Vesting. The Board may determine the time or times at which shares of Restricted Stock will vest or become exercisable and the
terms on which shares of Restricted Stock will remain exercisable. 
 (D) Termination of Continuous Service. Unless the
Board expressly provides otherwise, immediately upon the cessation of a Participant’s Continuous Service that portion, if any, of any Restricted Stock held by the Participant or the Participant’s Permitted Transferee that is not then
vested will thereupon terminate and the unvested shares will be returned to the Company and will be available to be issued as Awards under this Plan. 
 8. WARRANT PROVISIONS. 
 Warrants granted prior to January 1, 2006
shall be governed by the applicable terms of the Plan as then in effect. 

  
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 9. MISCELLANEOUS. 
 (A) Acceleration. The Board shall have the power to accelerate the time at which an Award or any portion thereof vests or may first be exercised, regardless of the tax or other consequences to the
Participant or the Participant’s Permitted Transferee resulting from such acceleration. 
 (B) Stockholder Rights.
No Participant or other person shall be deemed to be the holder of, or to have any of the rights of a holder with respect to, any shares of Stock subject to an Option or Warrant unless and until such Award has been delivered to the Participant or
other person upon exercise of the Award (or, in the case of Warrants, upon exercise or exchange of the Warrant). Holders of Restricted Stock shall have all the rights of a holder upon issuance of the Restricted Stock Award. 

(C) No Employment or Other Service Rights. Nothing in the Plan or any instrument executed or Award granted pursuant thereto shall
confer upon any Participant any right to continue in the employment of, or to continue to serve as a director of, the Company or an Affiliate or shall affect the right of the Company or an Affiliate to terminate (i) the employment of the
Participant (if the Participant is an Employee) with or without notice and with or without cause or (ii) the service of an Employee Director (if the Participant is an Employee Director) pursuant to the Bylaws of the Company or an Affiliate and
any applicable provisions of the corporate law of the state in which the Company or the Affiliate is incorporated. Nothing in the Plan will be construed as giving any person any rights as a stockholder except as to shares of Stock actually issued
under the Plan. The loss of existing or potential profit in Awards will not constitute an element of damages in the event of termination of service for any reason, even if the termination is in violation of an obligation of the Company or an
Affiliate to the Participant. 
 (D) Legal Conditions on Delivery of Stock. The Company will not be obligated to deliver
any shares of Stock pursuant to the Plan or to remove any restriction from shares of Stock previously delivered under the Plan until: (i) the Company is satisfied that all legal matters in connection with the issuance and delivery of such
shares have been addressed and resolved; (ii) if the outstanding Stock is at the time of delivery listed on any stock exchange or national market system, the shares to be delivered have been listed or authorized to be listed on such exchange or
system upon official notice of issuance; and (iii) all conditions of the Award have been satisfied or waived. If the sale of Stock has not been registered under the Securities Act, the Company may require, as a condition to the grant or the
exercise of the Award (or, in the case of Warrants, as a condition to exercise or exchange of the Warrant), such representations or agreements as counsel for the Company may consider appropriate to avoid violation of the Securities Act. The Company
may require that certificates evidencing Stock issued under the Plan bear an appropriate legend reflecting any restriction on transfer applicable to such Stock, and the Company may hold the certificates pending lapse of the applicable restrictions.

 (E) Withholding Obligations. Each grant or exercise of an Award granted hereunder (or, in the case of Warrants,
exercise or exchange of a Warrant) shall be subject to the Participant’s having made arrangements satisfactory to the Board for the full and timely satisfaction of all federal, state, local and other tax withholding requirements applicable to
such 

  
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grant, exercise or exchange. Without limiting the generality of the foregoing, the Participant may satisfy such withholding requirements by tendering a check (acceptable to the Board) for the
full amount of such withholding. In the event the Company or an Affiliate becomes liable for tax withholding with respect to an Option prior to the date of exercise (or, in the case of Warrants, exercise or exchange), the Company may require the
Participant to remit the required tax withholding by separate check acceptable to the Company or may make such other arrangements (including withholding from other payments to the Participant) for the satisfaction of such withholding as it
determines. 
 The Company or its designated third party administrator shall have the right to deduct applicable taxes from any
Award payment and withhold, at the time of delivery or vesting of cash or shares of Stock under this Plan, an appropriate amount of cash or number of shares of Stock or a combination thereof for payment of taxes or other amounts required by law or
to take such other action as may be necessary in the opinion of the Company to satisfy all obligations for withholding of such taxes. A Participant may also satisfy tax withholding obligations by the transfer to the Company of shares of Stock
theretofore owned by the holder of the award with respect to which withholding is required. If shares of Stock are used to satisfy tax withholding, such shares shall be valued based on the Current Market Value when the tax withholding is required to
be made (i.e., the date of vesting of restricted shares of the Company’s Common Stock or the date of exercise of Options). Consistent with Section 409A of the Internal Revenue Code, the Company will use the closing sales price of its
shares of Common Stock on the NASDAQ Global Select Market (or any other such exchange on which its shares of Common Stock may be traded in the future) as “Current Market Value” for all purposes under the Plan. 

(F) Section 409A. Awards under the Plan are intended either to qualify for an exemption from Section 409A or to comply
with the requirements thereof, and shall be construed accordingly. 
 10. ADJUSTMENTS UPON CHANGES IN STOCK. 

(A) Capitalization Adjustments. In the event of a stock dividend, stock split or combination of shares (including a reverse stock
split), recapitalization or other change in the Company’s capital structure, the Board will make appropriate adjustments to the maximum number of shares specified in Section 4(a) that may be delivered under the Plan, to the maximum
per-participant share limit described in Section 4(d) and will also make appropriate adjustments to the number and kind of shares of stock or securities subject to Awards then outstanding or subsequently granted, any exercise prices relating to
Awards and any other provision of Awards affected by such change. To the extent consistent with qualification of Incentive Stock Options under Section 422 of the Code and with the performance-based compensation rules of Section 162(m),
where applicable, the Board may also make adjustments of the type described in the preceding sentence to take into account distributions to stockholders other than those provided for in such sentence, or any other event, if the Board determines that
adjustments are appropriate to avoid distortion in the operation of the Plan and to preserve the value of Awards granted hereunder; provided, however, that the exercise price of Awards granted under the Plan will not be adjusted unless the Company
receives an exemptive order from the Securities and Exchange Commission or written confirmation from the staff of the Securities and Exchange Commission that the Company may do so. 

  
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 (B) Covered Transaction. Except as otherwise provided in an Award, in the event of a
Covered Transaction in which there is an acquiring or surviving entity, the Board may provide for the assumption of some or all outstanding Awards, or for the grant of new awards in substitution therefor, by the acquiror or survivor or an affiliate
of the acquiror or survivor, in each case on such terms and subject to such conditions as the Board determines. In the absence of such an assumption or if there is no substitution, except as otherwise provided in the Award, each Award will become
fully vested or exercisable prior to the Covered Transaction on a basis that gives the holder of the Award a reasonable opportunity, as determined by the Board, to participate as a stockholder in the Covered Transaction following vesting or
exercise, and the Award will terminate upon consummation of the Covered Transaction. 
 11. DIVIDEND EQUIVALENT RIGHTS. 

The Board may provide for the payment of amounts in lieu of cash dividends or other cash distributions (“Dividend Equivalent
Rights”) with respect to Stock subject to an Award; provided, however, that grants of Dividend Equivalent Rights must be approved by order of the Securities and Exchange Commission. The Board may impose such terms, restrictions and
conditions on Dividend Equivalent Rights, including the date such rights will terminate, as it deems appropriate, and may terminate, amend or suspend such Dividend Equivalent Rights at any time without the consent of the Participant or Participants
to whom such Dividend Equivalent Rights have been granted, if any. 
 12. AMENDMENT OF THE PLAN AND AWARDS. 

The Board may at any time or times amend the Plan or any outstanding Award for any purpose which may at the time be permitted by law, and
may at any time terminate the Plan as to any future grants of Awards; provided, that except as otherwise expressly provided in the Plan the Board may not, without the Participant’s consent, alter the terms of an Award so as to affect
substantially and adversely the Participant’s rights under the Award, unless the Board expressly reserved the right to do so at the time of the grant of the Award. Any amendments to the Plan shall be conditioned upon stockholder approval only
to the extent, if any, such approval is required by law (including the Code and applicable stock exchange requirements), as determined by the Board. 
 13. TERMINATION OR SUSPENSION OF THE PLAN. 
 (A) Plan Term. The Board
may suspend or terminate the Plan at any time. Unless sooner terminated, the Plan shall terminate on the day before the tenth (10th) anniversary of the date the Plan is initially adopted by the Board or approved by the stockholders of the
Company, whichever is earlier. No Awards may be granted under the Plan while the Plan is suspended or after it is terminated. 

  
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 (B) No Impairment of Rights. Suspension or termination of the Plan shall not impair
rights and obligations under any Awards granted while the Plan is in effect except with the written consent of the Participant. 
 14.
EFFECTIVE DATE OF PLAN. 
 The Plan shall become effective upon approval by the stockholders of the Company, which approval
shall be within twelve (12) months before or after the date the Plan is adopted by the Board; provided, however, that the Plan shall not be effective with respect to an Award of Restricted Stock or the grant of Dividend Equivalent Rights unless
the Company has received an order of the Commission that permits such Award or grant (the “Effective Date”). 
 15. 1940
ACT. 
 No provision of this Plan shall contravene any portion of the 1940 Act, and in the event of any conflict between the
provisions of the Plan or any Award and the 1940 Act, the applicable Section of the 1940 Act shall control and all Awards under the Plan shall be so modified. All Participants holding such modified Awards shall be notified of the change to their
Awards and such change shall be binding on such Participants. 
 16. INFORMATION RIGHTS OF PARTICIPANTS 

The Company shall provide to each Participant who acquires Stock pursuant to the Plan, not less frequently than annually, copies of annual
financial statements (which need not be audited). The Company shall not be required to provide such statements to key employees whose duties in connection with the Company assure their access to equivalent information. 

17. SEVERABILITY. 
 If
any provision of this Plan or any Award is or becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction or as to any Participant or Award, or would disqualify this Plan or any Award under any applicable law, such provision
shall be construed or deemed amended to conform to the applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Board, materially altering the intent of this Plan or the Award, such provision shall be
stricken as to such jurisdiction, Participant or Award and the remainder of this Plan and any such Award shall remain in full force and effect. 

18. OTHER COMPENSATION ARRANGEMENTS 
 The existence of the Plan or the grant of any Award will not in any way affect the Company’s right to award a person bonuses or other compensation in addition to Awards under the Plan. 

  
 -12-

 19. WAIVER OF JURY TRIAL. 
 By accepting an Award under the Plan, each Participant waives any right to a trial by jury in any action, proceeding or counterclaim concerning any rights under the Plan and any Award, or under any
amendment, waiver, consent, instrument, document or other agreement delivered or which in the future may be delivered in connection therewith, and agrees that any such action, proceedings or counterclaim shall be tried before a court and not before
a jury. By accepting an Award under the Plan, each Participant certifies that no officer, representative, or attorney of the Company has represented, expressly or otherwise, that the Company would not, in the event of any action, proceeding or
counterclaim, seek to enforce the foregoing waivers. 
 20. LIMITATION ON LIABILITY. 

Notwithstanding anything to the contrary in the Plan, neither the Company nor the Board, nor any person acting on behalf of the Company or
the Board, shall be liable to any Participant or to the estate or beneficiary of any Participant by reason of any acceleration of income, or any additional tax, asserted by reason of the failure of an Award to satisfy the requirements of
Section 422 or Section 409A or by reason of Section 4999 of the Code; provided, that nothing in this Section 12(b) shall limit the ability of the Board or the Company to provide by express agreement with a Participant for a
gross-up payment or other payment in connection with any such tax or additional tax. 

  
 -13-EX-10.1

 Exhibit 10.1 
 TARP RESTRICTED STOCK UNIT AGREEMENT 
 THIS RESTRICTED STOCK UNIT AGREEMENT
(“Agreement”) is made effective as of the grant date set forth below by and between SYNOVUS FINANCIAL CORP., a Georgia corporation (the “Corporation”), and
                                        
(“Executive”). 
 WHEREAS, Executive has been awarded Restricted Stock Units (“RSUs”) under the
Corporation’s 2013 Omnibus Plan (“Plan”). 
 NOW, THEREFORE, in accordance with the provisions of the Plan
and this Agreement, Executive hereby agrees to the following terms and conditions: 
  

	1.	 Grant of RSUs 

  

					
	Executive is hereby granted RSUs as follows:	  	
			
	Date of Grant:	  	                         ,
200    
	  	
		
	Vesting Period:	  	 Please refer to Section 2 of this Agreement

			
	Total Number of RSUs:	  	                         
	  	

  

	2.	 Vesting of RSUs 

 (a)      Vesting Conditions.      The RSUs will be subject to three separate vesting requirements: the service-based vesting requirement set forth
in paragraph (b) below (the “Service Requirement”), the performance-based vesting requirement set forth in paragraph (c) below (the “Performance Requirement”), and the requirement that the Corporation repay all or a
portion of its obligations under the U.S. Treasury Department’s Capital Purchase Program under the Troubled Asset Relief Program (“TARP”) as set forth in paragraph (d) below (the “TARP Requirement”). All three vesting
requirements – the Service Requirement, the Performance Requirement and the TARP Requirement – must be satisfied as described below in order for the RSUs to vest. 

(b)      Service Based Requirement.  If Executive remains in the continuous employ
of the Corporation or a Subsidiary of the Corporation through the date(s) indicated in Column I below, the RSUs will become non-forfeitable (i.e., “vest”) to the extent indicated in Column II below: 

 

					
	                   (I)
	  	                   (II)
	  	
	           If employment
	  	         the % of the RSUs
	  	
	         continues through      then
	  	             which vest is
	  	
			
	
                        ,
200    
	  	
                               
 100%
	  	
			
	
                           
         [or]
	  		  	
			
	
                        ,
200    
	  	
                               
        %
	  	
			
	
                           
         [or]
	  		  	

					
	
                        ,
200    
	  	       %
	 	
			
	
                           
         [or]
	  		 	
			
	
                        ,
200    
	  	       %
	 	
			
	
                           
         [or]
	  		 	
			
	
                        ,
200    
	  	       %
	 	
			
	
                           
         [or]
	  		 	
			
	
                        ,
200    
	  	       %
	 	

 Such vesting will occur (to the extent indicated in Column (II) above) at the close of business on
the applicable date(s) indicated in Column (I) above. Any RSUs for which the Service Requirement is not satisfied on the date of Executive’s termination of employment for any reason other than death or disability will be forfeited to the
Corporation. 
 (c)      Performance Requirement.  In order for the RSUs to
vest, the Corporation must have a positive net income for two consecutive quarters as determined under generally accepted accounting principles. Any RSUs for which the Performance Requirement is not satisfied on the date of Executive’s
termination of employment for any reason other than death or disability will be forfeited to the Corporation. 

(d)      TARP Requirement.  If the Corporation has not repaid its obligations under
the TARP, then the RSUs will not vest or otherwise become transferable until such TARP repayment (except as necessary to reflect a merger or acquisition of the Company), except that: (i) 25% of the RSUs granted will vest at the time of
repayment of 25% of the aggregate obligations of the Corporation under TARP; (ii) an additional 25% of the RSUs granted (for an aggregate total of 50% of the shares of RSUs granted) will vest at the time of repayment of 50% of the aggregate
obligations of the Corporation under TARP; (iii) an additional 25% of the shares of RSUs granted (for an aggregate total of 75% of the shares of RSUs granted) will vest at the time of repayment of 75% of the aggregate obligations of the
Corporation under TARP; and (iv) the remainder of the shares of RSUs granted will vest at the time of repayment of 100% of the aggregate obligations of the Corporation under TARP. In calculating such percentages, any portion of the RSUs
transferred or sold to pay taxes shall not count toward the percentages above. 

(e)      Change of Control.      Notwithstanding the preceding
provisions, the Service Requirement and the Performance Requirement shall be deemed satisfied in the event of a change of control event of the Corporation as defined in 26 CFR 1.280G-1, Q&A-27 through Q&A-29, or as defined in 26 CFR
1.409A-3(i)(5)(i). 
 (f)      Termination of
Employment.      In the event of Executive’s termination of employment for any reason (other than death or disability) after the Service Requirement and the Performance Requirement have been satisfied, the RSUs
will not be forfeited to the Corporation and Executive (or Executive’s estate) will vest in such RSUs upon the 

  
 2 

 
satisfaction of the TARP Requirement, regardless of Executive’s employment status. In the event of an Executive’s death or disability, the Service Requirement and the Performance
Requirement shall be automatically satisfied and Executive (or Executive’s estate) will vest in such RSUs upon the satisfaction of the TARP Requirement, regardless of Executive’s employment status. 

 

	3.	 Conversion of RSUs and Issuance of Shares 

 Upon vesting of the RSUs, one share of the Corporation’s Common Stock shall be issued for each RSU that vests on such vesting date, subject to the terms and conditions of this Agreement and the Plan.

  

	4.	 Transfer of RSUs 

 Unless otherwise permitted by the Committee, the RSUs may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated, other than pursuant to a will or the laws of descent and distribution.
Any attempted disposition in violation of this Agreement and the Plan shall be void. 
  

	5.	 Status of Executive 

 The Executive shall not be, or have rights as, a stockholder of the Corporation with respect to any of the shares of Common Stock subject to the RSUs unless such RSUs have vested, and shares underlying the RSUs
have been issued and delivered to him or her. The Corporation shall not be required to issue or transfer any certificates for shares of Common Stock upon vesting of the RSUs until all applicable requirements of law have been complied with and such
shares have been duly listed on any securities exchange on which the Common Stock may then be listed. 
  

	6.	 Dividend Equivalents 

 The RSUs will be credited with dividend equivalents equal to amount of cash dividend payments that would have otherwise been paid if the shares of the Corporation’s Common Stock represented by the RSUs
(including deemed reinvested additional shares attributable to the RSUs pursuant to this paragraph) were actually outstanding. These dividend equivalents will be deemed to be reinvested in additional shares of the Corporation’s Common Stock
determined by dividing the deemed cash dividend amount by the Fair Market Value (as defined in the Plan) of a share of the Corporation’s Common Stock on the applicable dividend payment date. Such credited amounts will be added to the RSUs and
will vest or be forfeited in accordance with Section 2 based on the vesting or forfeiture of the initial RSUs to which they are attributable. In addition, the RSUs will be credited with any dividends or distributions that are paid in shares of
the Corporation’s Common Stock represented by the RSUs and will otherwise be adjusted by the Committee for other capital or corporate events as provided for in the Plan. 

 

	7.	 Recoupment of RSUs or Other Awards Paid or Vested Based Upon Misstated Financials or Other Performance Metric. 

During any year in which any obligation arising from financial assistance received under TARP is outstanding within the meaning of
Treasury Regulations 31 CFR Part 30, “TARP Standards for Compensation and Corporate Governance,” the Corporation shall 

  
 3 

 
not pay or allow to vest, or if paid or vested shall recover from Executive any RSUs or other Plan awards paid or vested to Executive, if such payment or vesting was based on a materially
inaccurate financial statements (which shall include but shall not be limited to statements of earnings, revenues, or gains) or any other materially inaccurate performance metric or criteria. The Committee shall base its determination as to whether
a financial statement or performance metric criteria is materially inaccurate on all the facts and circumstances, but a financial statement or performance metric criteria shall be deemed to be materially inaccurate with respect to Executive if
Executive knowingly engaged in providing inaccurate information (including knowingly failing to timely correct inaccurate information) relating to those financial statements or performance metrics. The Corporation shall exercise its rights under
this Agreement to recover such awards or payments except to the extent that it is unreasonable to do so. Executive agrees that, during any year in which any obligation arising from financial assistance received under TARP is outstanding, if the RSUs
or other Plan awards paid or vested to Executive are based on materially inaccurate financial statements (which shall include but not be limited to statements of earnings, revenues, or gains) or any other materially inaccurate performance metric
criteria, Executive will promptly repay such award or payment to the Corporation upon request by the Corporation. Executive hereby expressly authorizes the Corporation to deduct such amounts from any other amount the Corporation may owe to
Executive. 
  

	8.	 General Provisions 

 (a)      Administration, Interpretation and Construction.  The terms and conditions set forth in this Agreement will be administered, interpreted and construed by the
Compensation Committee, whose decisions will be final, conclusive and binding on the Corporation, on Executive and on anyone claiming under or through the Corporation or Executive. Without limiting the generality of the foregoing, any determination
as to whether an event has occurred or failed to occur which causes the RSUs to be forfeited pursuant to the terms and conditions set forth in this Agreement, will be made in the good faith but absolute discretion of the Compensation Committee. By
accepting the transfer of RSUs, Executive irrevocably consents and agrees to the terms and conditions set forth in this Agreement and to all actions, decisions and determinations to be taken or made by the Compensation Committee in good faith
pursuant to the terms and conditions set forth in this Agreement. 

(b)      Withholding.  The Corporation will have the right to withhold from any
payments to be made to Executive (whether under this Agreement or otherwise) any taxes the Corporation determines it is required to withhold with respect to Executive under the laws and regulations of any governmental authority, whether Federal,
state or local and whether domestic or foreign, in connection with this Agreement, including, without limitation, taxes in connection with the transfer of RSUs or the lapse of restrictions on RSUs. Failure to submit any such withholding taxes shall
be deemed to cause otherwise lapsed restrictions on RSUs not to lapse. 
 (c)      Rights
Not Assignable or Transferable.  No rights under this Agreement will be assignable or transferable other than by will or the laws of descent and distribution, either voluntarily, or, to the full extent permitted by law, involuntarily,
by way of encumbrance, pledge, attachment, levy or charge of any nature except as otherwise provided in this Agreement. Executive’s rights under this Agreement will be exercisable during Executive’s lifetime only by Executive or by
Executive’s guardian or legal representative. 

  
 4 

 (d)      Terms and Conditions
Binding.  The terms and conditions set forth in the Plan and in this Agreement will be binding upon and inure to the benefit of the Corporation, its successors and assigns, including any assignee of the Corporation and any successor to
the Corporation by merger, consolidation or otherwise, and Executive, Executive’s heirs, devisees and legal representatives. In addition, the terms and conditions set forth in the Plan and in this Agreement will be binding upon and inure to the
benefit of Fidelity and its successors and assigns. 
 (e)      No Employment
Rights.  No provision of this Agreement or the Plan will be deemed to confer upon Executive any right to continue in the employ of the Corporation or a Subsidiary or will in any way affect the right of the Corporation or a Subsidiary
to dismiss or otherwise terminate Executive’s employment at any time for any reason with or without cause, or will be construed to impose upon the Corporation or a Subsidiary any liability for any forfeiture of RSUs which may result under this
Agreement if Executive’s employment is so terminated. 
 (f)      No Liability for
Good Faith Business Acts or Omissions.  Executive recognizes and agrees that the Compensation Committee, the Board, or the officers, agents or employees of the Corporation and its Subsidiaries, in their oversight or conduct of the
business and affairs of the Corporation and its Subsidiaries, may in good faith cause the Corporation or a Subsidiary to act, or to omit to act, in a manner that may, directly or indirectly, prevent the RSUs from vesting. No provision of this
Agreement will be interpreted or construed to impose any liability upon the Corporation, a Subsidiary, the Compensation Committee, Board or any officer, agent or employee of the Corporation or a Subsidiary, for any forfeiture of RSUs that may
result, directly or indirectly, from any such action or omission. 

(g)      Recapitalization.  In the event that Executive receives, with respect to
RSUs, any securities or other property (other than cash dividends) as a result of any stock dividend or split, spin-off, recapitalization, merger, consolidation, combination or exchange of shares or a similar corporate change, any such securities or
other property received by Executive will likewise be held by Fidelity and be subject to the terms and conditions set forth in this Agreement and will be included in the term “RSUs.” 

(h)      Appointment of Agent.  By accepting the transfer of RSUs, Executive
irrevocably nominates, constitutes, and appoints Fidelity as Executive’s agent for purposes of surrendering or transferring the RSUs to the Corporation upon any forfeiture required or authorized by this Agreement. This power is intended as a
power coupled with an interest and will survive Executive’s death. In addition, it is intended as a durable power and will survive Executive’s disability. 

(i)      Legal Representative.      In the event of
Executive’s death or a judicial determination of Executive’s incompetence, reference in this Agreement to Executive shall be deemed, where appropriate, to Executive’s heirs or devises. 

(j)      Titles.  The titles to sections or paragraphs of this Agreement are
intended solely for convenience and no provision of this Agreement is to be construed by reference to the title of any section or paragraph. 

  
 5 

 (k)      Plan Governs.  The RSUs are
being transferred to Executive pursuant to and subject to the Plan, a copy of which is available upon request to the Corporate Secretary of the Corporation. The provisions of the Plan are incorporated herein by this reference, and all capitalized
terms in this Agreement shall have the same meanings given to such terms in the Plan. The terms and conditions set forth in this Agreement will be administered, interpreted and construed in accordance with the Plan, and any such term or condition
which cannot be so administered, interpreted or construed will to that extent be disregarded. 

(l)      Complete Agreement.  This instrument contains the entire agreement of the
parties relating to the subject matter of this Agreement and supersedes and replaces all prior agreements and understandings with respect to such subject matter. The parties hereto have made no agreements, representations or warranties relating to
the subject matter of this Agreement which are not set forth herein or incorporated by reference. 

(m)     Amendment; Modification; Wavier.  No provision set forth in this Agreement may be
amended, modified or waived unless such amendment, modification or waiver shall be authorized by the Compensation Committee and shall be agreed to in writing, signed by Executive and by an officer of the Corporation duly authorized to do so;
provided, however, that Executive expressly agrees that, notwithstanding anything in this Agreement to the contrary, the Corporation may unilaterally amend or modify this Agreement if required for Company to comply with its obligations under TARP,
whether currently existing, or hereinafter enacted or promulgated, to the extent they affect this Agreement. No waiver by either party hereto of any breach by the other party of any condition or provision set forth in this Agreement to be performed
by such other party will be deemed a waiver of a subsequent breach of such condition or provision, or will be deemed a waiver of a similar or dissimilar provision or condition at the same time or at any prior or subsequent time. 

(n)      Governing Law.  The validity, interpretation, performance and enforcement
of the terms and conditions set forth in this Agreement will be governed by the laws of the State of Georgia, the state in which the Corporation is incorporated, without giving effect to the principles of conflicts of law of that state. 

The Corporation has issued the RSUs in accordance with the foregoing terms and conditions and in accordance with the provisions of
the Plan. By signing below, Executive hereby agrees to the foregoing terms and conditions of the RSUs. 
 IN WITNESS
WHEREOF, Executive has set Executive’s hand and seal, effective as of the date and year set forth above. 

  
 6

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