Document:

Series A Preferred and Common Stock Purchase Agreement

 Exhibit 10.3 
  
 MYSPACE, INC. 
  
 SERIES A PREFERRED AND COMMON STOCK PURCHASE AGREEMENT 
  
 THIS SERIES A PREFERRED AND COMMON STOCK
PURCHASE AGREEMENT (the “Agreement”) is made and entered into as of February 11, 2005, by and among MYSPACE, INC., a Delaware corporation
(the “Company”), and each of those persons and entities, severally and not jointly, whose names are set forth on the Schedule of Purchasers attached hereto as Exhibit A (which persons and entities are
hereinafter collectively referred to as “Purchasers” and each individually as a “Purchaser”). 
  
 RECITALS 
  
 WHEREAS, the Company has authorized the sale and issuance of an aggregate of eight hundred seventy thousand one
hundred seventy-one (870,171) shares of its Series A Preferred Stock (the “Preferred Shares”) and an aggregate of one million one hundred thirty-seven thousand six hundred twenty-four (1,137,624) shares of its Common Stock
(the “Common Shares,” and together with the Preferred Shares, the “Shares”); 
  
 WHEREAS, Purchasers desire to purchase the Shares on the terms and conditions set forth herein; and 
  
 WHEREAS, the transactions contemplated
by this Agreement and the transactions contemplated by the Contribution Agreement (as defined below) are intended to constitute a single transaction for purposes of Section 351 of the Internal Revenue Code of 1986, as amended. 
  
 WHEREAS, the Company desires to issue
and sell the Shares to Purchasers on the terms and conditions set forth herein. 
  
 AGREEMENT 
  
 NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises, representations, warranties, and covenants hereinafter set forth and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
  

	 	1.	AGREEMENT TO SELL AND PURCHASE. 

  
 1.1 Authorization of Shares. The Company has authorized (a)
the sale and issuance to Purchasers of the Shares and (b) the issuance of such shares of Common Stock to be issued upon conversion of the Preferred Shares (the “Conversion Shares”). The Shares and the Conversion Shares have
the rights, preferences, privileges and restrictions set forth in the Certificate of Incorporation of the Company, in the form attached hereto as Exhibit B (the “Charter”). 
  

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 1.2 Sale and Purchase. Subject to the terms and conditions hereof, at the Closing (as
hereinafter defined) the Company hereby agrees to issue and sell to each Purchaser, and each Purchaser agrees to purchase from the Company, severally and not jointly, (a) the number of Preferred Shares set forth opposite such Purchaser’s name
on Exhibit A, at a purchase price of seven dollars and fifteen cents ($7.15) per share, and (b) the number of Common Shares set forth opposite such Purchaser’s name on Exhibit A, at a purchase price of four dollars
and sixty-seven cents ($4.67) per share. 
  

	 	2.	CLOSING, DELIVERY AND PAYMENT. 

  
 2.1 Closing. The closing of the sale and purchase of the Shares under this Agreement (the
“Closing”) shall take place at 1:00 p.m. on the date hereof, at the offices of Latham & Watkins LLP, 633 West Fifth Street, Suite 4000, Los Angeles, CA 90071, or at such other time or place as the Company and Purchasers
may mutually agree (such date is hereinafter referred to as the “Closing Date”). 
  
 2.2 Delivery. At the Closing, subject to the terms and conditions hereof, the Company will deliver to each Purchaser a certificate
representing the number of Preferred Shares and a certificate representing the number of Common Shares to be purchased at the Closing by such Purchaser, against payment of the purchase price therefor by wire transfer of immediately available funds
to an account designated by the Company. 
  

	 	3.	REPRESENTATIONS AND WARRANTIES OF THE COMPANY. 

  
 Except as set forth on a Schedule of Exceptions delivered by the Company to
Purchasers at the Closing, the Company hereby represents and warrants to each Purchaser as of the date of this Agreement (after giving effect to the consummation of the transactions contemplated by the Contribution Agreement, unless otherwise noted
below) as set forth below. 
  
 3.1 Organization, Good
Standing and Qualification. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. The Company has all requisite corporate power and authority to own and operate its properties
and assets, to execute and deliver this Agreement and the Stockholders’ Agreement in the form attached hereto as Exhibit C (the “Stockholders’ Agreement”), the Registration Rights Agreement in the form
attached hereto as Exhibit D (the “Registration Rights Agreement”), the Contribution Agreement in the form attached hereto as Exhibit E (the “Contribution Agreement”), the
Transition and Finance Services Agreement in the form attached hereto as Exhibit F (the “Services Agreement”), the Intellectual Property License Agreement in the form attached hereto as Exhibit G
(the “License Agreement”) and the Management Rights Letter in the form attached hereto as Exhibit H (collectively, the “Related Agreements”), to issue and sell the Shares and the
Conversion Shares, and to carry out the provisions of this Agreement, the Related Agreements and the Charter and to carry on its business as presently conducted and as presently proposed to be conducted. The Company is duly qualified to do business
and is in good standing as a foreign corporation in all jurisdictions in which the nature of its activities and of its properties (both owned and leased) makes such qualification necessary, except for those jurisdictions in which failure to do so
would not have a material adverse effect on the Company or its business. 
  

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 3.2 Subsidiaries. The Company does not own or control any equity security or other interest
of any other corporation, partnership, limited liability company or other business entity. The Company is not a participant in any joint venture, partnership, limited liability company or similar arrangement. Since its inception, the Company has not
consolidated or merged with, acquired all or substantially all of the assets of, or acquired the stock of or any interest in any corporation, partnership, limited liability company or other business entity (other than pursuant to the Related
Agreements). 
  
 3.3 Capitalization; Voting Rights.

  
 (a) The authorized capital stock of
the Company, immediately prior to the Closing, consists of (i) 15,000,000 shares of Common Stock, par value $0.001 per share, none of which are issued and outstanding, and (ii) 880,000 shares of Preferred Stock, par value $0.001 per share, all
shares of which are designated Series A Preferred Stock, none of which are issued and outstanding. Immediately after giving effect to the transactions contemplated by this Agreement and the Contribution Agreement, there will be 6,760,563 shares of
Common Stock issued and outstanding and 870,171 shares of Series A Preferred Stock issued and outstanding. 
  
 (b) No shares or options to purchase shares of Common Stock have been issued or granted under the Company’s 2005 Equity
Incentive Plan (the “Plan”), and 401,618 shares of Common Stock remain available for future issuance under the Plan to officers, directors, employees and consultants of the Company. The Company has not made any
representations regarding equity incentives to any officer, employee, director or consultant that are inconsistent with the share amounts and terms set forth in the Company’s board minutes. 
  
 (c) Other than the shares reserved for issuance under
the Plan and except as may be granted pursuant to this Agreement and the Related Agreements, there are no outstanding options, warrants, rights (including conversion or preemptive rights and rights of first refusal), proxy or stockholder agreements,
or agreements of any kind for the purchase or acquisition from the Company of any of its securities. 
  
 (d) All issued and outstanding shares of the Company’s Common Stock (i) have been duly authorized and validly issued and are
fully paid and nonassessable, (ii) were issued in compliance with all applicable state and federal laws concerning the issuance of securities, and (iii) are subject to a right of first refusal in favor of the Company on transfer. 
  
 (e) The rights, preferences, privileges and
restrictions of the Shares are as stated in the Charter. The Conversion Shares have been duly and validly reserved for issuance. When issued in compliance with the provisions of this Agreement and the Charter, the Shares and the Conversion Shares
will be validly issued, fully paid and nonassessable, and will be free of any liens or encumbrances other than liens and encumbrances created by or imposed upon the Purchasers; provided, however, that the Shares and the Conversion Shares may
be subject to restrictions on transfer and subject to a purchase option under the Related Agreements and under state and/or federal securities laws as set forth herein or as otherwise required by such laws at the time a transfer is proposed. The
sale of the Shares and the subsequent conversion of the Preferred Shares into Conversion Shares are not and will not be subject to any preemptive rights or rights of first refusal that have not been properly waived or complied with. 
  

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 (f) No stock plan, stock purchase, stock option or other agreement or
understanding between the Company and any holder of any equity securities or rights to purchase equity securities provides for acceleration or other changes in the vesting provisions or other terms of such agreement or understanding as the result of
(i) termination of employment or consulting services (whether actual or constructive); (ii) any merger, consolidated sale of stock or assets, change in control or any other transaction(s) by the Company; or (iii) the occurrence of any other event or
combination of events. 
  
 (g) All
outstanding shares of Common Stock, and all outstanding shares of Common Stock and Preferred Stock issuable upon the exercise or conversion outstanding options, warrants or other exercisable or convertible securities, are subject to a market
standoff or “lockup” agreement of not less than 180 days following the Company’s initial public offering. 
  
 3.4 Authorization; Binding Obligations. All corporate action on the part of the Company, its officers, directors and stockholders necessary
for the authorization of this Agreement and the Related Agreements, the performance of all obligations of the Company hereunder and thereunder at the Closing and the authorization, sale, issuance and delivery of the Shares pursuant hereto and the
Conversion Shares pursuant to the Charter has been taken. The Agreement and the Related Agreements, when executed and delivered, will be valid and binding obligations of the Company enforceable in accordance with their terms, except (a) as limited
by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors’ rights, (b) general principles of equity that restrict the availability of equitable remedies, and (c) to
the extent that the enforceability of the indemnification provisions in the Investor Rights Agreement may be limited by applicable laws. 
  
 3.5 Liabilities. The Company has no material liabilities that would be required to be reflected on a balance sheet in accordance with United
States generally acceptable accounting principles (“GAAP”) and, to the best of its knowledge, no material contingent liabilities that would be required to be disclosed in footnotes to the Company’s financial statements
in accordance with GAAP, except in each case current liabilities incurred in the ordinary course of business which would not reasonably be expected to materially and adversely affect the business, assets, properties or financial condition of the
Company. 
  
 3.6 Agreements; Action. 
  
 (a) Except for agreements explicitly contemplated
hereby and agreements between the Company on the one hand and its employees with respect to the sale of the Company’s outstanding Common Stock, there are no agreements, understandings or proposed transactions between the Company and any of its
officers, directors, employees, affiliates or any affiliate thereof on the other hand. 
  
 (b) There are no agreements, understandings, instruments, contracts, proposed transactions, judgments, orders, writs or decrees to
which the Company is a party or to its knowledge by which it is bound which involve (i) future obligations (contingent or otherwise) of, or payments to, the Company in excess of $100,000, or (ii) the transfer or license of any material patent,
copyright, trade secret or other proprietary right to or from the Company (other 

  

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than licenses by the Company of “off the shelf” or other standard products), or (iii) provisions restricting the development, manufacture or
distribution of the Company’s products or services in any material respect, or (iv) indemnification by the Company with respect to infringements of proprietary rights. 
  
 (c) The Company has not (i) accrued, declared or paid any dividends, or authorized or made any
distribution upon or with respect to any class or series of its capital stock, (ii) incurred or guaranteed any indebtedness for money borrowed or any other liabilities (other than trade payables incurred in the ordinary course of business)
individually in excess of $100,000 or, in the case of indebtedness and/or liabilities individually less than $100,000, in excess of $300,000 in the aggregate, (iii) made any loans or advances to any person, other than ordinary advances for travel
expenses, or (iv) sold, exchanged or otherwise disposed of any of its assets or rights, other than the sale of its inventory in the ordinary course of business. 
  
 (d) For the purposes of subsections (b) and (c) above, all indebtedness, liabilities, agreements,
understandings, instruments, contracts and proposed transactions involving the same person or entity (including persons or entities the Company has reason to believe are affiliated therewith) shall be aggregated for the purpose of meeting the
individual minimum dollar amounts of such subsections. 
  
 3.7
Obligations to Related Parties. Except pursuant to the Related Agreements and the transactions contemplated thereby, there are no obligations of the Company to officers, directors, stockholders, or employees of the Company other than (a)
for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and (c) for other standard employee benefits made generally available to all employees (including stock option agreements
outstanding under any stock option plan approved by the Board of Directors of the Company). Other than ownership of shares of stock of any stockholder of the Company that is itself a corporation or limited liability company, none of the officers,
directors or, to the best of the Company’s knowledge, key employees or stockholders of the Company or any members of their immediate families, is indebted to the Company or has any direct or indirect ownership interest in any firm or
corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation that competes with the Company, other than (i) passive investments in publicly traded companies (representing less
than 1% of such company) which may compete with the Company and (ii) investments by venture capital funds with which directors of the Company may be affiliated and service as a board member of a company in connection therewith due to a person’s
affiliation with a venture capital fund or similar institutional investor in such company. No officer, director or stockholder, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the
Company (other than the Related Agreements and the transactions contemplated thereby and other than such contracts as relate to any such person’s ownership of capital stock or other securities of the Company). 
  

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 3.8 Changes. Since the formation of the Company (and after giving effect to consummation of
the transactions contemplated by the Contribution Agreement), there has not been to the Company’s knowledge: 
  
 (a) Any change in the assets, liabilities, financial condition or operations of the Company, other than changes in the ordinary
course of business, none of which individually or in the aggregate has had or is reasonably expected to have a material adverse effect on such assets, liabilities, financial condition or operations of the Company; 
  
 (b) Any resignation or termination of any officer,
key employee or group of employees of the Company; 
  
 (c) Any material change, except in the ordinary course of business, in the contingent obligations of the Company by way of guaranty, endorsement, indemnity, warranty or otherwise; 
  
 (d) Any damage, destruction or loss, whether or not
covered by insurance, materially and adversely affecting the properties, business or prospects or financial condition of the Company; 
  
 (e) Any waiver by the Company of a valuable right or of a material debt owed to it; 
  
 (f) Any material change in any compensation
arrangement or agreement with any employee, officer, director or stockholder; 
  
 (g) Any labor organization activity related to the Company; 
  
 (h) Any sale, assignment, or exclusive license or transfer of any patents, trademarks, copyrights, trade secrets or other
intangible assets; 
  
 (i) Any change in
any material agreement to which the Company is a party or by which it is bound which materially and adversely affects the business, assets, liabilities, financial condition, operations or prospects of the Company; 
  
 (j) Any other event or condition of any character
that, either individually or cumulatively, has materially and adversely affected the business, assets, liabilities, financial condition or operations of the Company; or 
  
 (k) Any arrangement or commitment by the Company to do any of the acts described in subsection (a)
through (j) above. 
  
 3.9 Title to Properties and
Assets; Liens, Etc. The Company has good and marketable title to its owned properties and assets and a valid leasehold interest in its leasehold estates, in each case subject to no mortgage, pledge, lien, lease, encumbrance or charge, other than
(a) those resulting from taxes which have not yet become delinquent, (b) minor liens and encumbrances which do not materially detract from the value of the property subject thereto or materially impair the operations of the Company, and (c) those
that have otherwise arisen in the ordinary course of business. 
  

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 3.10 Intellectual Property. 
  
 (a) The Company owns or possesses sufficient legal rights to all patents, trademarks, service marks,
trade names, copyrights, trade secrets, licenses, information and other proprietary rights and processes necessary for its business as now conducted and as presently proposed to be conducted, without any known infringement of the rights of others.
There are no outstanding material options, licenses or agreements of any kind relating to the foregoing proprietary rights, nor is the Company bound by or a party to any material options, licenses or agreements with respect to the patents,
trademarks, service marks, trade names, copyrights, trade secrets, licenses, information and other proprietary rights and processes of any other person or entity other than such licenses or agreements arising from the purchase of “off the
shelf” or standard products. 
  
 (b)
The Company has not received any written communications alleging that the Company has violated or, by conducting its business as presently proposed to be conducted, would violate any of the patents, trademarks, service marks, trade names,
copyrights or trade secrets or other proprietary rights of any other person or entity. 
  
 (c) The Company is not aware that any of its employees is obligated under any contract (including licenses, covenants or
commitments of any nature) or other agreement, or subject to any judgment, decree or order of any court or administrative agency, that would interfere with their duties to the Company or that would conflict with the Company’s business as
proposed to be conducted. Each employee, officer and consultant of the Company has executed a proprietary information and inventions agreement in the form previously provided to the Purchasers or their respective counsel. No employee, officer or
consultant of the Company has excluded works or inventions made prior to his or her employment with the Company from his or her assignment of inventions pursuant to such employee, officer or consultant’s proprietary information and inventions
agreement. The Company does not believe it is or will be necessary to utilize any inventions, trade secrets or proprietary information of any of its employees made prior to their employment by the Company, except for inventions, trade secrets or
proprietary information that have been assigned to the Company. 
  
 (d) The Company is not subject to any “open source” or “copyleft” obligations or otherwise required to make any public disclosure or general availability of source code either used or
developed by the Company. 
  
 3.11 Compliance with Other
Instruments. The Company is not in violation or default of any term of its charter documents, each as amended. The Company is not in violation or default under any provision of any mortgage, indenture, contract, lease, agreement, instrument or
contract to which it is party or by which it is bound or of any judgment, decree, order or writ which would materially adversely affect the Company’s business, assets, properties or financial condition. The execution, delivery, and performance
of and compliance with this Agreement, and the Related Agreements, and the issuance and sale of the Shares pursuant hereto and of the Conversion Shares pursuant to the Charter, will not, with or without the passage of time or giving of notice,
result in any such violation, or be in conflict with or constitute a default under any such term or provision, or result in the creation of any mortgage, pledge, lien, encumbrance or charge upon any of the properties or assets of the Company or the
suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to the Company, its business or operations or any of its assets or properties. 
  

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 3.12 Litigation. There is no action, suit, proceeding or investigation pending or, to the
Company’s knowledge, currently threatened against the Company that would reasonably be expected to result, either individually or in the aggregate, in any material adverse change in the assets, business, properties or financial condition of the
Company or any change in the current equity ownership of the Company or that questions the validity of this Agreement or the Related Agreements or the right of the Company to enter into any of such agreements, or to consummate the transactions
contemplated hereby or thereby. The foregoing includes, without limitation, actions pending or, to the Company’s knowledge, threatened involving the prior employment of any of the Company’s employees, their use in connection with the
Company’s business of any information or techniques allegedly proprietary to any of their former employers, or their obligations under any agreements with prior employers. The Company is not a party or to its knowledge subject to the provisions
of any order, writ, injunction, judgment or decree of any court or government agency or instrumentality. There is no action, suit, proceeding or investigation by the Company currently pending or which the Company intends to initiate. 
  
 3.13 Tax Returns and Payments. The Company is and always has
been a subchapter C corporation. The Company has not been required to file any tax returns (federal, state and local) prior to the date hereof (and no such tax returns have been filed). The Company has no knowledge of any liability of any tax to be
imposed upon its properties or assets as of the date of this Agreement that is not adequately provided for. 
  
 3.14 Employees. The Company has no collective bargaining agreements with any of its employees. There is no labor union organizing activity
pending or, to the Company’s knowledge, threatened with respect to the Company. The Company is not a party to or bound by any currently effective employment contract, deferred compensation arrangement, bonus plan, incentive plan, profit sharing
plan, retirement agreement or other employee compensation plan or agreement. No employee of the Company has been granted the right to continued employment by the Company or to any material compensation following termination of employment with the
Company. To the Company’s knowledge, no employee of the Company, nor any consultant with whom the Company has contracted, is in violation of any term of any employment contract, proprietary information agreement or any other agreement relating
to the right of any such individual to be employed by, or to contract with, the Company; and to the Company’s knowledge the continued employment by the Company of its present employees, and the performance of the Company’s contracts with
its independent contractors, will not result in any such violation. The Company has not received any notice alleging that any such violation has occurred. The Company is not aware that any officer, key employee or group of employees intends to
terminate his, her or their employment with the Company, nor does the Company have a present intention to terminate the employment of any officer, key employee or group of employees. Each former employee of the Company whose employment was
terminated by the Company has entered into an agreement with the Company providing for the full release of any claims against the Company or any related party arising out of such employment. There are no actions pending, or to the Company’s
knowledge, threatened, by any former or current employee concerning such person’s employment by the Company. 
  
 3.15 Registration Rights and Voting Rights. Except as required pursuant to the Registration Rights Agreement, the Company is presently not
under any obligation, and has not granted any rights, to register under the Securities Act of 1933, as amended (the “Securities  

  

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Act”), any of the Company’s presently outstanding securities or any of its securities that may hereafter be issued. To the
Company’s knowledge, except as contemplated in the Stockholders’ Agreement, no stockholder of the Company has entered into any agreement with respect to the voting of equity securities of the Company. 
  
 3.16 Compliance with Laws; Permits. The Company is not in
violation of any applicable statute, rule, regulation, order or restriction of any domestic or foreign government or any instrumentality or agency thereof in respect of the conduct of its business or the ownership of its properties, which violation
would materially and adversely affect the business, assets, properties or financial condition of the Company. No domestic governmental orders, permissions, consents, approvals or authorizations are required to be obtained and no registrations or
declarations are required to be filed in connection with the execution and delivery of this Agreement or the issuance of the Shares or the Conversion Shares, except such as have been duly and validly obtained or filed, or with respect to any filings
that must be made after the Closing, as will be filed in a timely manner. The Company has all franchises, permits, licenses and any similar authority necessary for the conduct of its business as now being conducted by it, the lack of which could
materially and adversely affect the business, assets, properties or financial condition of the Company and believes it can obtain, without undue burden or expense, any similar authority for the conduct of its business as planned to be conducted.

  
 3.17 Environmental and Safety Laws. To its
knowledge, the Company is not in violation of any applicable statute, law or regulation relating to the environment or occupational health and safety in any material respect, and to its knowledge, no material expenditures are or will be required in
order to comply with any such existing statute, law or regulation. 
  
 3.18 Offering Valid. Assuming the accuracy of the representations and warranties of Purchasers contained in Section 4.2 hereof, the offer, sale and issuance of the Shares and the Conversion Shares will be exempt from the
registration requirements of the Securities Act, and will have been registered or qualified (or are exempt from registration and qualification) under the registration, permit or qualification requirements of all applicable state securities laws.
Neither the Company nor any agent on its behalf has solicited or will solicit any offers to sell or has offered to sell or will offer to sell all or any part of the Shares to any person or persons so as to bring the sale of such Shares by the
Company within the registration provisions of the Securities Act or any state securities laws. 
  
 3.19 Full Disclosure. The Company has provided Purchasers with all information requested by the Purchasers in connection with their decision to purchase the Shares. To the Company’s knowledge, there
are no facts which (individually or in the aggregate) materially adversely affect the business, assets, liabilities, financial condition or operations of the Company that have not been set forth in the Agreement, the exhibits hereto, the Related
Agreements or in other documents delivered to Purchasers or their attorneys or agents in connection herewith. 
  
 3.20 Qualified Small Business. The Company represents and warrants to Purchasers that, to the best of its knowledge, the Company is a
“qualified small business” within the meaning of Section 1202(d) of the Internal Revenue Code of 1986, as amended (the “Code”), 

  

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as of the date hereof and the Shares should qualify as “qualified small business stock” as defined in Section 1202(c) of the Code as of the date
hereof. The Company further represents and warrants that, as of the date hereof, it meets the “active business requirement” of Section 1202(e) of the Code, and it has made no “significant redemptions” within the meaning of
Section 1202(c)(3)(B) of the Code. 
  
 3.21 Minute
Books. The minute books of the Company made available to Purchasers contain a complete summary of all meetings of directors and stockholders since the time of incorporation. 
  
 3.22 Real Property Holding Corporation. The Company is not a real property holding corporation within the
meaning of Code Section 897(c)(2) and any regulations promulgated thereunder. 
  
 3.23 Insurance. The Company has or will obtain (or arrange to be covered by) promptly following the Closing general commercial, product liability, fire and casualty insurance policies with coverage
customary for companies similarly situated to the Company. 
  

	 	4.	REPRESENTATIONS AND WARRANTIES OF PURCHASERS. 

  
 Each Purchaser hereby represents and warrants to the Company, severally and
not jointly, as follows (provided, that such representations and warranties do not lessen or obviate the representations and warranties of the Company set forth in this Agreement): 
  
 4.1 Requisite Power and Authority. Purchaser has all necessary power and authority to execute and deliver this
Agreement and the Related Agreements and to carry out their provisions. All action on Purchaser’s part required for the lawful execution and delivery of this Agreement and the Related Agreements has been taken. Upon their execution and
delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws
of general application affecting enforcement of creditors’ rights, (b) as limited by general principles of equity that restrict the availability of equitable remedies, and (c) to the extent that the enforceability of the indemnification
provisions of the Investor Rights Agreement may be limited by applicable laws. 
  
 4.2 Investment Representations. Purchaser understands that neither the Shares nor the Conversion Shares have been registered under the Securities Act. Purchaser also understands that the Shares are being
offered and sold pursuant to an exemption from registration contained in the Securities Act based in part upon Purchaser’s representations contained in the Agreement. Purchaser hereby represents and warrants as follows: 
  
 (a) Purchaser Bears Economic Risk. Purchaser
has substantial experience in evaluating and investing in private placement transactions of securities in companies similar to the Company so that it is capable of evaluating the merits and risks of its investment in the Company and has the capacity
to protect its own interests. Purchaser must bear the economic risk of this investment indefinitely unless the Shares (or the Conversion Shares) are registered pursuant to the Securities Act, or an exemption from registration is available. Purchaser
understands that the Company has no present intention of registering the 

  

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Shares, the Conversion Shares or any shares of its Common Stock. Purchaser also understands that there is no assurance that any exemption from registration
under the Securities Act will be available and that, even if available, such exemption may not allow Purchaser to transfer all or any portion of the Shares or the Conversion Shares under the circumstances, in the amounts or at the times Purchaser
might propose. 
  
 (b) Acquisition for
Own Account. Purchaser is acquiring the Shares and the Conversion Shares for Purchaser’s own account for investment only, and not with a view towards their distribution. 
  
 (c) Purchaser Can Protect Its Interest. Purchaser represents that by reason of its, or of its
management’s, business or financial experience, Purchaser has the capacity to protect its own interests in connection with the transactions contemplated in this Agreement, and the Related Agreements. Further, Purchaser is aware of no
publication of any advertisement in connection with the transactions contemplated in the Agreement. 
  
 (d) Accredited Investor. Purchaser represents that it is an accredited investor within the meaning of Regulation D under the
Securities Act. 
  
 (e) Company
Information. Purchaser has had an opportunity to discuss the Company’s business, management and financial affairs with directors, officers and management of the Company and has had the opportunity to review the Company’s operations and
facilities. Purchaser has also had the opportunity to ask questions of and receive answers from, the Company and its management regarding the terms and conditions of this investment. 
  
 (f) Rule 144. Purchaser acknowledges and agrees that the Shares, and, if issued, the
Conversion Shares are “restricted securities” as defined in Rule 144 promulgated under the Securities Act as in effect from time to time and must be held indefinitely unless they are subsequently registered under the Securities Act or an
exemption from such registration is available. Purchaser has been advised or is aware of the provisions of Rule 144, which permits limited resale of shares purchased in a private placement subject to the satisfaction of certain conditions,
including, among other things: the availability of certain current public information about the Company, the resale occurring following the required holding period under Rule 144 and the number of shares being sold during any three-month period not
exceeding specified limitations. 
  
 (g)
Residence. If Purchaser is an individual, then Purchaser resides in the state or province identified in the address of Purchaser set forth on Exhibit A; if Purchaser is a partnership, corporation, limited liability company
or other entity, then the office or offices of Purchaser in which its investment decision was made is located at the address or addresses of Purchaser set forth on Exhibit A. 
  
 (h) Foreign Investors. If Purchaser is not a
United States person (as defined by Section 7701(a)(30) of the Internal Revenue Code of 1986, as amended), Purchaser hereby represents that it has satisfied itself as to the full observance of the laws of its jurisdiction in connection with any
invitation to subscribe for the Shares or any use of this Agreement, including (i) the legal requirements within its jurisdiction for the purchase of the Shares, (ii) any 

  

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foreign exchange restrictions applicable to such purchase, (iii) any government or other consents that may need to be obtained, and (iv) the income tax and
other tax consequences, if any, that may be relevant to the purchase, holding, redemption, sale or transfer of the Shares. The Company’s offer and sale and Purchaser’s subscription and payment for and continued beneficial ownership of the
Shares will not violate any applicable securities or other laws of Purchaser’s jurisdiction. 
  
 4.3 Transfer Restrictions. Each Purchaser acknowledges and agrees that the Shares and, if issued, the Conversion Shares are subject to
restrictions on transfer as set forth in the Stockholders’ Agreement. 
  

	 	5.	CONDITIONS TO CLOSING. 

  
 5.1 Conditions to Purchasers’ Obligations at the Closing. Purchasers’ obligations to purchase the Shares at the Closing are
subject to the satisfaction, at or prior to the Closing Date, of the following conditions: 
  
 (a) Representations and Warranties True; Performance of Obligations. The representations and warranties made by the Company
in Section 3 hereof shall be true and correct as of the Closing Date with the same force and effect as if they had been made as of the Closing Date, and the Company shall have performed all obligations and conditions herein required to be performed
or observed by it on or prior to the Closing. 
  
 (b) Legal Investment. On the Closing Date, the sale and issuance of the Shares and the proposed issuance of the Conversion Shares shall be legally permitted by all laws and regulations to which Purchasers and the Company are
subject. 
  
 (c) Consents,
Permits, and Waivers. The Company shall have obtained any and all consents, permits and waivers necessary or appropriate for consummation of the transactions contemplated by the Agreement and the Related Agreements (including any filing required
to comply with the Hart Scott Rodino Antitrust Improvements Act of 1976) except for such as may be properly obtained subsequent to the Closing. 
  
 (d) Filing of Charter. The Charter shall have been filed with the Secretary of State of the State of Delaware and shall
continue to be in full force and effect as of the Closing Date. 
  
 (e) Corporate Documents. The Company shall have delivered to Purchasers or their counsel copies of all corporate documents of the Company as Purchasers shall reasonably request. 
  
 (f) Reservation of Conversion Shares. The
Conversion Shares issuable upon conversion of the Preferred Shares shall have been duly authorized and reserved for issuance upon such conversion. 
  
 (g) Compliance Certificate. The Company shall have delivered to Purchasers a Compliance Certificate, executed by the
President of the Company, dated the 

  

 12 

 
Closing Date, to the effect that the conditions specified in subsections (a), (c), (d) and (f) of this Section 5.1 have been satisfied. 
  
 (h) Secretary’s Certificate. Purchasers
shall have received from the Company’s Secretary, a certificate having attached thereto (i) the Company’s Charter as in effect at the time of the Closing, (ii) the Company’s Bylaws as in effect at the time of the Closing, and (iii)
resolutions approved by the Board of Directors authorizing the transactions contemplated hereby. 
  
 (i) Related Agreements. The Stockholders’ Agreement, Registration Rights Agreement, Contribution Agreement, License
Agreement and Services Agreement shall each have been executed and delivered by the parties thereto. 
  
 (j) Board of Directors. Upon the Closing, the authorized size of the Board of Directors of the Company shall be five (5)
members and the Board shall consist of Richard Rosenblatt, Andrew Sheehan, Geoffrey Yang, Christopher DeWolfe and there will be one vacancy. 
  
 (k) Proceedings and Documents. All corporate and other proceedings in connection with the transactions contemplated at the
Closing hereby and all documents and instruments incident to such transactions shall be reasonably satisfactory in substance and form to Purchasers and their special counsel, and Purchasers and their special counsel shall have received all such
counterpart originals or certified or other copies of such documents as they may reasonably request. 
  
 (l) Management Rights. A Management Rights Letter substantially in the form attached hereto as Exhibit H shall
have been executed by the Company and delivered to each Purchaser to whom it is addressed. 
  
 5.2 Conditions to Obligations of the Company. The Company’s obligation to issue and sell the Shares at each Closing is subject to the
satisfaction, on or prior to such Closing, of the following conditions: 
  
 (a) Representations and Warranties True. The representations and warranties in Section 4 made by those Purchasers acquiring Shares hereof shall be true and correct at the date of the Closing, with the
same force and effect as if they had been made on and as of said date. 
  
 (b) Performance of Obligations. Such Purchasers shall have performed and complied with all agreements and conditions herein required to be performed or complied with by such Purchasers on or before the
Closing. 
  
 (c) Related Agreement.
The Stockholders’ Agreement, Registration Rights Agreement, Contribution Agreement, License Agreement and Services Agreement shall have been executed and delivered by the parties hereto. 
  
 (d) Consents, Permits, and Waivers. The
Company shall have obtained any and all consents, permits and waivers necessary or appropriate for consummation of 

  

 13 

 
the transactions contemplated by the Agreement and the Related Agreements (including any filing required to comply with the Hart Scott Rodino Antitrust
Improvements Act of 1976, and except for such as may be properly obtained subsequent to the Closing). 
  

	 	6.	MISCELLANEOUS. 

  
 6.1 Governing Law. This Agreement shall be governed by and construed under the laws of the State of California in all respects as such laws
are applied to agreements among California residents entered into and performed entirely within California, without giving effect to conflict of law principles thereof. 
  
 6.2 Survival. The representations, warranties, covenants and agreements made herein shall survive the closing
of the transactions contemplated hereby. All statements as to factual matters contained in any certificate or other instrument delivered by or on behalf of the Company pursuant hereto in connection with the transactions contemplated hereby shall be
deemed to be representations and warranties by the Company hereunder solely as of the date of such certificate or instrument. The representations, warranties, covenants and obligations of the Company, and the rights and remedies that may be
exercised by the Purchasers, shall not be limited or otherwise affected by or as a result of any information furnished to, or any investigation made by or knowledge of, any of the Purchasers or any of their representatives. 
  
 6.3 Successors and Assigns. Except as otherwise expressly
provided herein, the provisions hereof shall inure to the benefit of, and be binding upon the parties hereto and their respective successors, assigns, heirs, executors and administrators and shall inure to the benefit of and be enforceable by each
person who shall be a holder of the Shares from time to time; provided, however, that prior to the receipt by the Company of adequate written notice of the transfer of any Shares specifying the full name and address of the transferee, the
Company may deem and treat the person listed as the holder of such Shares in its records as the absolute owner and holder of such Shares for all purposes. 
  
 6.4 Entire Agreement. This Agreement, the exhibits and schedules hereto, the Related Agreements and the other documents delivered pursuant
hereto constitute the full and entire understanding and agreement between the parties with regard to the subjects hereof and no party shall be liable for or bound to any other in any manner by any oral or written representations, warranties,
covenants and agreements except as specifically set forth herein and therein. 
  
 6.5 Severability. In the event one or more of the provisions of this Agreement should, for any reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or
unenforceability shall not affect any other provisions of this Agreement, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein. 
  
 6.6 Amendment and Waiver. This Agreement may be amended or
modified, and the obligations of the Company and the rights of the holders of the Shares and the Conversion Shares under the Agreement may be waived, only upon the written consent of the Company and holders of a majority of the Shares purchased or
agreed to be purchased pursuant 

  

 14 

 
to this Agreement (treated as if converted and including any Conversion Shares into which the then outstanding Shares have been converted that have not been
sold to the public). 
  
 6.7 Delays or Omissions. It
is agreed that no delay or omission to exercise any right, power or remedy accruing to any party, upon any breach, default or noncompliance by another party under this Agreement shall impair any such right, power or remedy, nor shall it be construed
to be a waiver of any such breach, default or noncompliance, or any acquiescence therein, or of or in any similar breach, default or noncompliance thereafter occurring. It is further agreed that any waiver, permit, consent or approval of any kind or
character on any party’s part of any breach, default or noncompliance under this Agreement or any waiver on such party’s part of any provisions or conditions of the Agreement must be in writing and shall be effective only to the extent
specifically set forth in such writing. All remedies, either under this Agreement by law, or otherwise afforded to any party, shall be cumulative and not alternative. 
  
 6.8 Notices. All notices required or permitted hereunder shall be in writing and shall be deemed effectively
given: (a) upon personal delivery to the party to be notified, (b) when sent by confirmed electronic mail, telex or facsimile if sent during normal business hours of the recipient, if not, then on the next business day, (c) five (5) days after
having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All
communications shall be sent to the Company at the address as set forth on the signature page hereof and to Purchaser at the address set forth on Exhibit A attached hereto or at such other address or electronic mail address as the
Company or Purchaser may designate by ten (10) days advance written notice to the other parties hereto. 
  
 6.9 Expenses. Each party shall pay all costs and expenses that it incurs with respect to the negotiation, execution, delivery and
performance of the Agreement; provided, however, that the Company shall, at the Closing, reimburse the reasonable fees of Cooley Godward LLP, not to exceed $40,000, and in addition to such fees shall reimburse such special counsel for reasonable
expenses incurred in connection with the negotiation, execution, delivery and performance of this Agreement. 
  
 6.10 Attorneys’ Fees. In the event that any suit or action is instituted under or in relation to this Agreement, including without
limitation to enforce any provision in this Agreement, the prevailing party in such dispute shall be entitled to recover from the losing party all fees, costs and expenses of enforcing any right of such prevailing party under or with respect to this
Agreement, including without limitation, such reasonable fees and expenses of attorneys and accountants, which shall include, without limitation, all fees, costs and expenses of appeals. 
  
 6.11 Titles and Subtitles. The titles of the sections and subsections of the Agreement are for convenience of
reference only and are not to be considered in construing this Agreement. 
  
 6.12 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument. 
  

 15 

 6.13 Broker’s Fees. Each party hereto represents and warrants that no agent, broker,
investment banker, person or firm acting on behalf of or under the authority of such party hereto is or will be entitled to any broker’s or finder’s fee or any other commission directly or indirectly in connection with the transactions
contemplated herein. Each party hereto further agrees to indemnify each other party for any claims, losses or expenses incurred by such other party as a result of the representation in this Section 6.13 being untrue. 
  
 6.14 Exculpation Among Purchasers. Each Purchaser acknowledges
that it is not relying upon any person, firm, or corporation, other than the Company and its officers and directors, in making its investment or decision to invest in the Company. Each Purchaser agrees that no Purchaser nor the respective
controlling persons, officers, directors, partners, agents, or employees of any Purchaser shall be liable to any other Purchaser for any action heretofore or hereafter taken or omitted to be taken by any of them in connection with the purchase of
the Shares and Conversion Shares. 
  
 6.15 Pronouns.
All pronouns contained herein, and any variations thereof, shall be deemed to refer to the masculine, feminine or neutral, singular or plural, as to the identity of the parties hereto may require. 
  
 6.16 California Corporate Securities Law. THE SALE OF THE
SECURITIES THAT ARE THE SUBJECT OF THIS AGREEMENT HAS NOT BEEN QUALIFIED WITH THE COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA AND THE ISSUANCE OF SUCH SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF THE CONSIDERATION THEREFOR PRIOR
TO SUCH QUALIFICATION OR IN THE ABSENCE OF AN EXEMPTION FROM SUCH QUALIFICATION IS UNLAWFUL. PRIOR TO ACCEPTANCE OF SUCH CONSIDERATION BY THE COMPANY, THE RIGHTS OF ALL PARTIES TO THIS AGREEMENT ARE EXPRESSLY CONDITIONED UPON SUCH QUALIFICATION
BEING OBTAINED OR AN EXEMPTION FROM SUCH QUALIFICATION BEING AVAILABLE. 
  
 **End of Agreement – Signature Page Follows** 
  

 16 

 IN WITNESS WHEREOF, the parties hereto
have executed the SERIES A PREFERRED AND COMMON STOCK PURCHASE AGREEMENT as of the date set forth in the first paragraph
hereof. 
  

			
	COMPANY:
	
	MYSPACE, INC.
		
	By:	 	/s/ Christopher DeWolfe
	 Name:
	 	Christopher DeWolfe
	 Title:
	 	President

  

			
	Address:	 	1333 Second Street
	 	 	Santa Monica, CA 90401

  

 IN WITNESS WHEREOF, the parties hereto
have executed the SERIES A PREFERRED AND COMMON STOCK PURCHASE AGREEMENT as of the date set forth in the first paragraph
hereof. 
  

			
	PURCHASERS:
	
	 Redpoint Ventures I, L.P., by its General Partner
Redpoint Ventures I, LLC

		
	By:	 	/s/ W. Allen Beasley
	 	 	W. Allen Beasley, Manager
	
	 Redpoint Associates I, LLC, as nominee

		
	By:	 	/s/ W. Allen Beasley
	 	 	W. Allen Beasley, Manager
	
	 Redpoint Ventures II, L.P. by its General Partner
Redpoint Ventures II, LLC

		
	By:	 	/s/ W. Allen Beasley
	 	 	W. Allen Beasley, Manager
	
	 Redpoint Associates II, LLC, as nominee

		
	By:	 	/s/ W. Allen Beasley
	 	 	W. Allen Beasley, Manager
	
	 Redpoint Technology Partners Q-1, L.P., by its General Partner
Redpoint Ventures I, LLC

		
	By:	 	/s/ W. Allen Beasley
	 	 	W. Allen Beasley, Manager
	
	 Redpoint Technology Partners A-1, L.P., by its General Partner
Redpoint Ventures I, LLC

		
	By:	 	/s/ W. Allen Beasley
	 	 	W. Allen Beasley, Manager

  

 Address for all Redpoint entities: 
 3000 Sand Hill Road 
 Building 2, Suite 290 
 Menlo Park, CA 94025 
 Attn: Chris MooreRegistration Rights Agreement

 Exhibit 10.4 
  
 REGISTRATION RIGHTS AGREEMENT 
  

This Registration Rights Agreement (the “Agreement”) is made as of February 11th, 2005, among MySpace, Inc., a Delaware
corporation (the “Company”), and the stockholders listed on Exhibit A hereto (individually an “Investor” and collectively the “Investors”). 
  
 RECITALS 
  
 WHEREAS, the Company, Intermix Media, Inc., a Delaware corporation, Social Labs, LLC, a Delaware limited liability
company (“Social Labs”), and MySpace Ventures, LLC, a California limited liability company (“MSV”), have entered into that certain Contribution Agreement (the “Contribution
Agreement”) of even date herewith pursuant to which each of Social Labs and MSV have contributed to the Company, and the Company has accepted, the Contributed Assets (as defined in the Contribution Agreement); 
  
 WHEREAS, the Company and Redpoint (as defined below) have entered into
a Series A Preferred and Common Stock Purchase Agreement (the “Purchase Agreement”) of even date herewith pursuant to which the Company wants to sell to Redpoint and Redpoint wants to purchase from the Company shares of the
Company’s Series A Preferred Stock (the “Series A Preferred Stock”) and Common Stock (the “Common Stock”); 
  

WHEREAS, one condition to Social Labs’ and MSV’s obligation to contribute assets pursuant to the Contribution Agreement and one
condition to Redpoint’s obligations to purchase shares of the Company’s Series A Preferred Stock and Common Stock pursuant to the Purchase Agreement is that the Company and the Investors enter into this Agreement in order to provide such
Investors with certain rights to register shares of the Company’s Common Stock, including without limitation Common Stock issued or issuable upon conversion of the Series A Preferred Stock held by Redpoint; 
  
 WHEREAS, the Company wants to induce Social Labs and MSV to enter into
the Contribution Agreement and the Company wants to induce Redpoint to purchase shares of Series A Preferred Stock and Common Stock pursuant to the Purchase Agreement by agreeing to the terms and conditions set forth herein. 
  
 AGREEMENT 
  
 NOW, THEREFORE, in consideration of the mutual promises set forth above and the covenants set forth herein and for
other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties hereto hereby agree as follows: 
  
 1. Registration Rights. 
  
 1.1 Certain Definitions. As used in this Agreement, the following terms have the following respective meanings: 

 
 “Affiliate” means (i) with respect to any
individual, (A) a spouse or descendant, through blood or adoption, of such individual, (B) any trust, family partnership or limited 

  

 
liability company whose beneficiaries shall primarily be such individual and/or such individual’s spouse and/or any Person related by blood or adoption
to such individual or such individual’s spouse, and (C) the estate or heirs of such individual, and (ii) with respect to any Person that is not an individual, any other Person that, directly or indirectly through one or more intermediaries
Controls, is Controlled by, or is under common Control with, such Person and/or one or more Affiliates thereof. 
  
 “Board” means the board of directors of the Company. 
  
 “Commission” means the Securities and Exchange Commission or any other federal agency at the time
administering the Securities Act. 
  
 “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies (investment or otherwise) of a Person, whether through ownership of voting
securities, by contract or otherwise. 
  
 “Exchange
Act” means the Securities Exchange Act of 1934, as amended, or any similar successor federal statute, and the rules and regulations thereunder, all as the same shall be in effect from time to time. 
  
 “Form S-3 Initiating Holders” means any Holder or
Holders of the Registrable Securities then outstanding and who propose to register securities on Form S-3, the aggregate offering price of which, net of underwriting discounts and commissions, exceeds $1,000,000. 
  
 “Holder” means (i) any Investor holding Registrable
Securities and (ii) any person holding Registrable Securities to whom the rights under this Agreement have been transferred in accordance with Section 1.11 hereof. 
  
 “Initiating Holders” means any Holder or Holders who in the aggregate hold not less than fifty
percent (50%) of the Registrable Securities then outstanding and who propose to register securities the aggregate offering price of which, net of underwriting discounts and commissions, exceeds $10,000,000. 
  
 “Intermix” means Intermix Media, Inc., a Delaware
corporation. 
  
 “IPO” means the first
public offering of the Common Stock of the Company to the general public that is affected pursuant to a registration statement filed with, and declared effective by, the Commission under the Securities Act. 
  
 “Other Stockholders” means persons other than Holders
who, by virtue of agreements with the Company, are entitled to include their securities in certain registrations hereunder. 
  
 “Person” shall be construed broadly and shall include, without limitation, an individual, a partnership, an investment fund, a
limited liability company, a corporation, an association, a joint stock company, a trust, a joint venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision thereof. 
  

 2 

 “Preferred Shares” means the Company’s Series A Preferred Stock. 

 
 “Redpoint” means, collectively, Redpoint Ventures
I, L.P., a Delaware limited partnership, Redpoint Associates I, LLC, a Delaware limited liability company, Redpoint Ventures II, L.P., a Delaware limited partnership, Redpoint Associates II, LLC, a Delaware limited liability company, Redpoint
Technology Partners Q-1, L.P., a Delaware limited partnership, and Repoint Technology Partners A-1, L.P., a Delaware limited partnership. 
  
 The terms “register”, “registered” and “registration” refer to a registration
effected by preparing and filing a registration statement in compliance with the Securities Act, and the declaration or ordering of the effectiveness of such registration statement. 
  
 “Registration Expenses” shall mean all expenses incurred by the Company in complying with Sections
1.3, 1.4, and 1.5 hereof, including, without limitation, all registration, qualification, listing and filing fees, printing expenses, escrow fees, fees and disbursements of counsel for the Company, fees and disbursements of one counsel for all of
the Holders registering securities not to exceed twenty thousand dollars ($20,000) in any given registration, blue sky fees and expenses, and the expense of any special audits incident to or required by any such registration (but excluding the
compensation of regular employees of the Company which shall be paid in any event by the Company), but shall not include Selling Expenses. 
  
 “Registrable Securities” shall mean (i) shares of Common Stock issued or issuable pursuant to the conversion of the Preferred
Shares, (ii) all shares of Common Stock owned by Intermix as of the date hereof, (iii) all shares of Common Stock owned by MSV as of the date hereof, (iv) all shares of Common Stock issued or issuable to Redpoint pursuant to the Purchase Agreement,
and (v) any Common Stock of the Company issued as a dividend or other distribution with respect to or in exchange for or in replacement of the shares referenced in clauses (i), (ii), (iii) and (iv) above provided, however, that shares
of Common Stock or other securities shall only be treated as Registrable Securities if and so long as they have not been (A) sold to or through a broker or dealer or underwriter in a public distribution or a public securities transaction, (B) sold
in a transaction exempt from the registration and prospectus delivery requirements of the Securities Act under Section 4 (1) thereof so that all transfer restrictions and restrictive legends with respect thereto are removed upon the consummation of
such sale, or (C) transferred in a transaction pursuant to which the registration rights are not also assigned in accordance with Section 1.10 hereof; and provided, further, however, that with respect to each Holder, shares of
Common Stock or other securities held by such Holder shall no longer be treated as Registrable Securities at such time following the IPO as (1) the Holder, together with such Holder’s Affiliates, holds less than 1% of the Company’s then
outstanding capital stock and all such shares held by such Holder may be sold under Rule 144 of the Securities Act (or any similar or successor rule) during any ninety (90) day period or (2) the Holder may sell all such shares held by such Holder
under Rule 144(k) of the Securities Act (or any similar or successor rule). 
  
 “Rule 144” means Rule 144 as promulgated by the Commission under the Securities Act, as such Rule may be amended from time to time, or any similar successor rule that may be promulgated by the
Commission. 
  

 3 

 “Rule 144(k)” means Rule 144(k) as promulgated by the Commission under the
Securities Act, as such Rule may be amended from time to time, or any similar successor rule that may be promulgated by the Commission. 
  
 “Rule 145” means Rule 145 as promulgated by the Commission under the Securities Act, as such Rule may be amended from time to
time, or any similar successor rule that may be promulgated by the Commission. 
  
 “Securities Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder or any similar federal statute and the rules and regulations of the
Commission thereunder, all as the same shall be in effect at the time. 
  
 “Selling Expenses” shall mean all underwriting discounts, selling commissions and stock transfer taxes applicable to the securities registered by the Holders and all fees and disbursements of counsel for any Holder,
other than the fees and disbursements of one counsel for all of the Holders registering securities in any given registration as provided in the definition of “Registration Expenses” above. 
  
 1.2 Requested Registration. 
  
 (a) Request for Registration. If the Company shall
receive from Initiating Holders a written request that the Company effect any registration, qualification, or compliance, the Company will: 
  
 (i) promptly deliver written notice of the proposed registration, qualification, or compliance to all other Holders; and 
  
 (ii) as soon as practicable, use commercially reasonable
efforts to effect such registration, qualification, or compliance (including, without limitation, the execution of an undertaking to file post-effective amendments, appropriate qualification under applicable blue sky or other state securities laws,
and appropriate compliance with applicable regulations issued under the Securities Act and any other governmental requirements or regulations) as may be so requested and as would permit or facilitate the sale and distribution of all or such portion
of such Registrable Securities as are specified in such request (including, if applicable, a distribution of such Registrable Securities by way of dividend), together with all or such portion of the Registrable Securities of any Holder or Holders
joining in such request as are specified in a written request delivered to the Company within twenty (20) days after delivery of such written notice from the Company; 
  
 provided, however, that the Company shall not be obligated to take any action to effect any such registration, qualification,
or compliance pursuant to this Section 1.2: 
  
 (A) Prior to one hundred eighty (180) days following the effective date of the IPO; 
  
 (B) After the Company has effected two (2) such registrations pursuant to this Section 1.2, such registrations have been declared or
ordered effective, and the securities offered pursuant to such registrations have been sold; 
  

 4 

 (C) During the period starting with the date sixty (60) days prior to the Company’s
estimated date of filing of, and ending on a date one hundred and eighty (180) days after the effective date of, a registration initiated by the Company; provided that the Company is actively employing in good faith its commercially
reasonable efforts to cause such registration statement to become effective and that the Company’s estimate of the date of filing such registration statement is made in good faith; provided, further, that the Company provides
written notice to the Initiating Holders within thirty (30) days of any request for registration by the Initiating Holders of the Company’s intent to file a registration statement for a public offering within ninety (90) days after the date of
such request and provided further, that such offering is an offering subject to Section 1.4 below; 
  
 (D) In any particular jurisdiction in which the Company would be required to execute a general consent to service of process in effecting
such registration, qualification or compliance unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities Act; or 
  
 (E) If in the good faith judgment of the Board, such registration would be seriously detrimental to the
Company and the Board concludes, as a result, that it is essential to defer the filing of such registration statement at such time, and the Company thereafter delivers to the Initiating Holders a certificate, signed by the President or Chief
Executive Officer of the Company, stating that in the good faith judgment of the Board it would be detrimental to the Company or its stockholders for a registration statement to be filed in the near future, then the Company’s obligation to use
its commercially reasonable efforts to register, qualify, or comply under this Section 1.2 shall be deferred for a period not to exceed ninety (90) days from the delivery of the written request from the Initiating Holders; provided,
however, that the Company may not utilize this right more than once in any twelve (12) month period. 
  
 (F) Subject to the foregoing clauses (A) through (E), the Company shall file a registration statement covering the Registrable Securities
so requested to be registered as soon as practicable after receipt of the request or requests of the Initiating Holders. The registration statement filed pursuant to the request of the Initiating Holders may, subject to the provisions of Sections
1.2(c) and Section 1.12 hereof, include other securities of the Company with respect to which registration rights have been granted, and may include securities being sold for the account of the Company. 
  
 (b) Underwriting. The right of any Holder to
registration pursuant to this Section 1.2 shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting to the extent provided herein. A Holder may
elect to include in such underwriting all or a part of the Registrable Securities held by such Holder. 
  
 (c) Procedures. If the Company shall request inclusion in any registration pursuant to this Section 1.2 of securities being sold
for its own account, or if other persons shall request inclusion in any registration pursuant to this Section 1.2, the Initiating Holders shall, on behalf of all Holders, offer to include such securities in the underwriting and may condition such
offer on their acceptance of the applicable provisions of this Section 1 

  

 5 

 
(including without limitation Section 1.12). The Company shall (together with all Holders or other persons proposing to distribute their securities through
such underwriting) enter into and perform its obligations under an underwriting agreement in customary form with the managing underwriter selected for such underwriting by a majority in interest of the Initiating Holders (which managing underwriter
shall be reasonably acceptable to the Company). Notwithstanding any other provision of this Section 1.2, if the managing underwriter advises the Initiating Holders in writing that marketing factors require a limitation of the number of shares to be
underwritten, the number of shares to be included in the underwriting or registration shall be allocated as set forth in Section 1.12. If any person who has requested inclusion in such registration as provided above disapproves of the terms of the
underwriting, such person shall be excluded therefrom by written notice delivered by the Company or the managing underwriter. Any Registrable Securities and/or other securities so excluded or withdrawn shall also be withdrawn from registration.

  
 1.3 Registration on Form S-3.

  
 (a) Qualification on Form S-3. After
the IPO, the Company shall use its commercially reasonable efforts to qualify (and continue to be qualified) for registration on Form S-3 or any comparable or successor form. To that end, the Company shall register (whether or not required by law to
do so) its Common Stock under the Exchange Act in accordance with the provisions of the Exchange Act following the effective date of the first registration of any securities of the Company on Form S-1 or any comparable or successor form or forms.

  
 (b) Request for Registration on Form
S-3. After the Company has qualified for the use of Form S-3, if the Company shall receive from Form S-3 Initiating Holders a written request that the Company effect a registration on Form S-3 the Company will: 
  
 (i) promptly deliver written notice of the proposed
registration to all other Holders; and 
  
 (ii)
as soon as practicable, use its commercially reasonable efforts to effect such registration, qualification, or compliance (including, without limitation, the execution of an undertaking to file post-effective amendments, appropriate qualification
under applicable blue sky or other state securities laws, and appropriate compliance with applicable regulations issued under the Securities Act and any other governmental requirements or regulations) as may be so requested and as would permit or
facilitate the sale and distribution of all or such portion of such Registrable Securities as are specified in such request (including, if applicable, a distribution of such Registrable Securities by way of dividend), together with all or such
portion of the Registrable Securities of any Holder or Holders joining in such request as are specified in a written request delivered to the Company within twenty (20) days after delivery of such written notice from the Company; provided,
however, that the Company shall not be obligated to take any action to effect any such registration, qualification, or compliance pursuant to this Section 1.3: 
  
 (A) If the Company has effected any such registration pursuant to this Section 1.3 during the preceding
twelve-month period in which such 

  

 6 

 
Form S-3 Initiating Holders or their Affiliates participated (irrespective of whether such registration was requested by such Form S-3 Initiating Holders);

  
 (B) During the period starting with the date
sixty (60) days prior to the Company’s estimated date of filing of, and ending on a date one hundred and eighty (180) days after the effective date of, a registration initiated by the Company; provided that the Company is actively
employing in good faith its commercially reasonable efforts to cause such registration statement to become effective and that the Company’s estimate of the date of filing such registration statement is made in good faith; provided,
further, that the Company provides written notice to the Initiating Holders within thirty (30) days of any request for registration on Form S-3 by the Initiating Holders of the Company’s intent to file a registration statement for
a public offering within ninety (90) days after the date of such request and provided further that such registration is subject to Section 1.4 hereto; 
  
 (C) In any particular jurisdiction in which the Company would be required to execute a general consent to
service of process in effecting such registration, qualification, or compliance unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities Act; 
  
 (D) If in the good faith judgment of the Board, such
registration would be seriously detrimental to the Company and the Board concludes, as a result, that it is essential to defer the filing of such registration statement at such time, and the Company thereafter delivers to the Initiating Holders a
certificate, signed by the President or Chief Executive Officer of the Company, stating that in the good faith judgment of the Board it would be detrimental to the Company or its stockholders for a registration statement to be filed in the near
future, then the Company’s obligation to use its commercially reasonable efforts to register, qualify, or comply under this Section 1.3 shall be deferred for a period not to exceed ninety (90) days from the date of delivery of the written
request from the Initiating Holders; provided, however, that the Company may not utilize this right more than once in any twelve (12) month period. 
  
 (c) Underwriting; Procedure. If a registration requested under this Section 1.3 is for an
underwritten offering, the provisions of Sections 1.2(b) and 1.2(c) shall apply to such registration. 
  
 1.4 Company Registration. 
  
 (a) Notice of Registration. If the Company shall determine to register any of its securities, either for its own account or the
account of a security holder or holders invoking demand registration rights other than (A) a registration pursuant to Sections 1.2 or 1.3 hereof, (B) a registration relating solely to employee benefit plans, (C) a registration relating solely to a
Rule 145 transaction, or (D) a registration on any registration form that does not permit secondary sales, the Company will: 
  
 (i) promptly deliver to each Holder written notice thereof; and 
  

 7 

 (ii) use its commercially reasonable efforts to include in such registration (and any
related qualification under blue sky laws or other compliance), except as set forth in Section 1.4(b) below, and in any underwriting involved therein, all the Registrable Securities specified in a written request or requests made by any Holder and
delivered to the Company within ten (10) days after the written notice is delivered by the Company. Such written request may include all or a portion of a Holder’s Registrable Securities. 
  
 (b) Underwriting; Procedures. If the registration of
which the Company gives notice is for a registered public offering involving an underwriting, the Company shall so advise the Holders as a part of the written notice given pursuant to Section 1.4(a)(i). In such event, the right of any Holder to
registration pursuant to this Section 1.4 shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to
distribute their securities through such underwriting shall (together with the Company and the other holders distributing their securities through such underwriting) enter into and perform their obligations under an underwriting agreement in
customary form with the managing underwriter selected for such underwriting by the Company. Notwithstanding any other provision of this Section 1.4, if the managing underwriter determines that marketing factors require a limitation of the number of
shares to be underwritten, the managing underwriter may exclude all Registrable Securities from, or limit the number of Registrable Securities to be included in, the registration and underwriting. The Company shall so advise all holders of
securities requesting registration, and the number of shares of securities that are entitled to be included in the registration and underwriting shall be allocated as set forth in Section 1.12 (it being understood that the securities to be
registered pursuant to Section 1.4(a) for the Company’s account or for the account of such other security holders invoking registration rights (such securities, the “Priority Shares”) shall not be reduced with respect to
such registration). If any person who has requested inclusion in such registration as provided above disapproves of the terms of the underwriting, such person shall be excluded therefrom by written notice delivered by the Company or the managing
underwriter. Any Registrable Securities and/or other securities so excluded or withdrawn shall also be withdrawn from registration. 
  
 (c) Right to Terminate Registration. The Company shall have the right to terminate or withdraw any registration initiated by it
under this Section 1.4 prior to the effectiveness of such registration, whether or not any Holder has elected to include securities in such registration. 
  
 1.5 Registration Procedures. In the case of each registration, qualification, or compliance effected by the Company pursuant
to this Section 1, the Company will keep each Holder advised in writing as to the initiation of each registration, qualification, and compliance and as to the completion thereof and, at its expense, the Company will use its commercially reasonable
efforts to: 
  
 (a) Prepare and file with the
Commission a registration statement with respect to such securities and use its commercially reasonable efforts to cause such registration statement to become and remain effective for at least ninety (90) days or until the distribution described in
the registration statement has been completed, whichever occurs first; provided, however, that (i) such 90-day period shall be extended for a period of time equal 

  

 8 

 
to the period the Holder refrains from selling any securities included in such registration at the request of an underwriter of common stock or other
securities of the Company, and (ii) in the case of any registration of Registrable Securities on Form S-3 which are intended to be offered on a continuous or delayed basis, such 90-day period shall be extended, if necessary, up to one hundred eighty
(180) days to keep the registration statement effective until all such Registrable Securities are sold, however in no event longer than one year from the effective date of the registration statement and provided that if Rule 415, or any successor
rule under the Securities Act, permits an offering on a continuous or delayed basis, and provided further that if applicable rules under the Securities Act governing the obligation to file a post-effective amendment permit, in lieu of filing a
post-effective amendment which (A) includes any prospectus required by Section 10(a)(3) of the Securities Act or (B) reflects facts or events representing a material or fundamental change in the information set forth in the registration statement,
the incorporation by reference of information required to be included in (A) and (B) above shall be contained in periodic reports filed pursuant to Section 13 or 15(d) of the Exchange Act in the registration statement; 
  
 (b) Furnish to the Holders participating in such
registration and to the underwriters of the securities being registered such reasonable number of copies of the registration statement, preliminary prospectus, final prospectus, and such other documents as such underwriters may reasonably request in
order to facilitate the public offering of such securities; 
  
 (c) Prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection with such registration statements as may be necessary to comply with the
provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement; 
  
 (d) Notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is
required to be delivered under the Securities Act of the happening of any event as a result of which the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a
material fact required to be stated therein or necessary to make the statements therein not misleading or incomplete in the light of the circumstances then existing, and prepare a supplement to or an amendment of such prospectus as may be necessary
so that, as thereafter delivered to the purchaser of such shares, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not
misleading or incomplete in the light of the circumstances then existing and, at the request of any such seller, furnish to such seller a reasonable number of copies of such supplement to or amendment of such prospectus; 
  
 (e) Use its commercially reasonable efforts to register and
qualify the securities covered by such registration statement under such other securities or blue sky laws of such jurisdictions as shall be reasonably requested by the Holders, provided that the Company shall not be required in connection therewith
or as a condition thereto to qualify to do business or to file a general consent to service of process in any such states or jurisdictions; 
  

 9 

 (f) Cause all such Registrable Securities to be listed on each securities exchange on
which similar securities issued by the Company are then listed; 
  
 (g) Provide a transfer agent and registrar for all Registrable Securities and a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration; and 
  
 (h) Use its commercially reasonable efforts to furnish, at
the request of any Holder requesting registration of Registrable Securities pursuant to this Section 1, on the date that such Registrable Securities are delivered to the underwriters for sale in connection with a registration pursuant to this
Section 1, if such securities are being sold through underwriters, or, if such securities are not being sold through underwriters, on the date that the registration statement with respect to such securities becomes effective, (i) an opinion, dated
such date, of the counsel representing the Company for the purposes of such registration, in form and substance as is customarily given to underwriters in an underwritten public offering, addressed to the underwriters, if any, and to the Holders
requesting registration of Registrable Securities and (ii) a letter, dated such date, from the independent certified public accountants of the Company, in form and substance as is customarily given by independent certified public accountants to
underwriters in an underwritten public offering, addressed to the underwriters, if any, and to the Holders requesting registration of Registrable Securities (to the extent the then-applicable standards of professional conduct permit said letter to
be addressed to the Holders). 
  
 1.6
Information by Holder. The Holder or Holders of Registrable Securities included in any registration shall furnish to the Company such information regarding such Holder or Holders, the Registrable Securities held by them, and the
distribution proposed by such Holder or Holders as the Company may request in writing and as shall be required in connection with any registration, qualification, or compliance referred to in this Section 1, and the refusal to furnish such
information by any Holder or Holder shall relieve the Company of its obligations in this Section 1 with respect to such Holder or Holders. Furthermore, the Company shall have no obligation with respect to any registration requested pursuant to
Section 1.2 or Section 1.3 of this Agreement if, as a result of the application of the preceding sentence, the number of shares or the anticipated aggregate offering price of the Registrable Securities to be included in the registration does not
equal or exceed the number of shares or the anticipated aggregate offering price required to originally trigger the Company’s obligation to initiate such registration as specified in the definition of “Initiating Holders” or
“Form S-3 Initiating Holders,” whichever is applicable. 
  
 1.7 Indemnification. 
  
 (a) To the extent permitted by law, the Company will indemnify each Holder, each of its officers, directors, partners, legal counsel, and accountants, and each person controlling such Holder within the meaning of
Section 15 of the Securities Act, with respect to which registration, qualification, or compliance has been effected pursuant to this Section 1, and each underwriter, if any, and each person who controls any underwriter within the meaning of Section
15 of the Securities Act, against all expenses, claims, losses, damages, or liabilities (or actions, proceedings, or settlements in respect thereof) arising out of or based on any untrue statement (or alleged untrue statement) of a material fact
contained in any registration 

  

 10 

 
statement, prospectus, offering circular, or other document (including any related registration statement, notification, or the like), or any amendment or
supplement thereto, incident to any such registration, qualification, or compliance, or based on any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein, in light
of the circumstances in which they were made, not misleading, or any violation by the Company of the Securities Act or any rule or regulation promulgated under the Securities Act applicable to the Company in connection with any such registration,
qualification, or compliance, and the Company will reimburse each such Holder, each of its officers, directors, partners, legal counsel, and accountants, and each person controlling such Holder, each such underwriter and each person who controls any
such underwriter, for any legal and any other expenses reasonably incurred in connection with investigating, preparing, defending, or settling any such claim, loss, damage, liability, or action, as such expenses are incurred, provided that the
Company will not be liable in any such case to the extent that any such claim, loss, damage, liability, or expense arises out of or is based on any untrue statement or omission or alleged untrue statement or omission, made in reliance upon and in
conformity with written information furnished to the Company by such Holder, controlling person, or underwriter and stated to be specifically for use therein. It is agreed that the indemnity agreement contained in this Section 1.7 shall not apply to
amounts paid in settlement of any such loss, claim, damage, liability, or action if such settlement is effected without the consent of the Company (which consent shall not be unreasonably withheld). 
  
 (b) To the extent permitted by law, each Holder will, if
Registrable Securities held by such Holder are included in the securities as to which such registration, qualification, or compliance is being effected, severally and not jointly indemnify the Company, each of its directors, officers, partners,
legal counsel, and accountants, and each underwriter, if any, of the Company’s securities covered by such a registration statement, each person who controls the Company or such underwriter within the meaning of Section 15 of the Securities Act,
and each other such Holder and Other Stockholder, each of their officers, directors, and partners, and each person controlling such Holder or Other Stockholder within the meaning of Section 15 of the Securities Act, against all claims, losses,
damages, and liabilities (or actions in respect thereof) arising out of or based on any untrue statement (or alleged untrue statement) of a material fact contained in any such registration statement, prospectus, offering circular, or other document,
or any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will reimburse the Company and such Holders, Other Stockholders, directors,
officers, partners, legal counsel, and accountants, persons, underwriters, or control persons for any legal or any other expenses reasonably incurred in connection with investigating or defending any such claim, loss, damage, liability, or action,
as such expenses are incurred, in each case to the extent, but only to the extent, that such untrue statement (or alleged untrue statement) or omission (or alleged omission) is made in such registration statement, prospectus, offering circular, or
other document in reliance upon and in conformity with written information furnished to the Company by such Holder and stated to be specifically for use therein, provided, however, that the obligations of such Holder hereunder shall not apply to
amounts paid in settlement of any such claims, losses, damages, or liabilities (or actions in respect thereof) if such settlement is effected without the consent of such Holder (which consent shall not be unreasonably withheld); and provided
that that in no event shall any indemnity under this Section 1.7 exceed the net proceeds received by such Holder in such offering. 
  

 11 

 (c) Each party entitled to indemnification under this Section 1.7 (the
“Indemnified Party”) shall give notice to the party required to provide indemnification (the “Indemnifying Party”) promptly after such Indemnified Party has actual knowledge of any claim as to which
indemnity may be sought, and shall permit the Indemnifying Party to assume the defense of any such claim or any litigation resulting therefrom, provided that counsel for the Indemnifying Party, who shall conduct the defense of such claim or
litigation, shall be approved by the Indemnified Party (whose approval shall not unreasonably be withheld), and the Indemnified Party may participate in such defense at such party’s expense, and provided further that the failure of any
Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party of its obligations under this Section 1 unless the failure to give such notice is materially prejudicial to an Indemnifying Party’s ability to defend
such action. No Indemnifying Party, in the defense of any such claim or litigation, shall, except with the consent of each Indemnified Party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional
term thereof the giving by the claimant or plaintiff to such Indemnified Party of a release from all liability in respect to such claim or litigation. Each Indemnified Party shall furnish such information regarding itself or the claim in question as
an Indemnifying Party may reasonably request in writing and as shall be reasonably required in connection with the defense of such claim and litigation resulting therefrom. 
  
 (d) If the indemnification provided for in this Section 1.7 is held by a court of competent jurisdiction to
be unavailable to an Indemnified Party with respect to any claim, loss, damage, liability, or expense referred to therein, then the Indemnifying Party, in lieu of indemnifying such Indemnified Party hereunder, shall contribute to the amount paid or
payable by such Indemnified Party as a result of such claim, loss, damage, liability, or expense in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party on the one hand and the Indemnified party on the other in
connection with the statements or omissions that resulted in such claim, loss, damage, liability, or expense, as well as any other relevant equitable considerations. The relative fault of the Indemnifying Party and of the Indemnified Party shall be
determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact related to information supplied by the Indemnifying Party or by the Indemnified Party and the
parties’ relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission. The Company and the Holders agree that it would not be just and equitable if contribution pursuant to this Section 1.7
were based solely upon the number of entities from whom contribution was requested or by any other method of allocation which does not take account of the equitable considerations referred to above. In no event shall any contribution by a Holder
under this Section 1.7 exceed the net proceeds received by such Holder in such offering. 
  
 (e) The amount paid or payable by an Indemnified Party as a result of the losses, claims, damages, and liabilities referred to above in
this Section 1.7 shall be deemed to include any legal or other expenses reasonably incurred by such Indemnified Party in connection with investigating or defending any such action or claim, subject to the provisions of Section 1.7(c). No person
guilty of fraudulent misrepresentation (within the meaning of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. 
  

 12 

 (f) Notwithstanding the foregoing, to the extent that the provisions on indemnification
and contribution contained in the underwriting agreement entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall control provided,
however, that if the underwriting agreement fails to address a matter addressed by the provisions of the Agreement, the failure of the underwriting agreement to address such matter shall not be deemed to be a conflict with the provisions of
this Agreement. 
  
 (g) The obligations of the
Company and Holders under this Section 1.7 shall survive the completion of any offering of Registrable Securities in a registration statement. 
  
 1.8 Expenses of Registration. All Registration Expenses shall be borne by the Company; provided, however, that
if the Holders bear the Registration Expenses for any registration proceeding begun pursuant to Section 1.2 that is subsequently withdrawn by the Holders registering shares therein, such registration proceeding shall not be counted as a requested
registration pursuant to Section 1.2. Furthermore, in the event that a withdrawal by the Holders is based upon material adverse information relating to the Company that is different from the information known or available (upon request from the
Company or otherwise) to the Holders requesting registration at the time of their request for registration under Section 1.2, such registration proceeding shall not be counted as a requested registration pursuant to Section 1.2, even though the
Holders do not bear the Registration Expenses for such registration. All Selling Expenses relating to securities registered on behalf of the Holders shall be borne by the holders of the registered securities included in such registration pro rata on
the basis of the number of shares so registered. 
  
 1.9 Rule 144 Reporting. With a view to making available the benefits of certain rules and regulations of the Commission which may at any time permit the sale of the Restricted Securities to the public without registration
after such time as a public market exists for the Common Stock of the Company, the Company agrees to use its commercially reasonable efforts to: 
  
 (a) Make and keep public information available, as those terms are understood and defined in Rule 144, at all times after the effective
date that the Company becomes subject to the reporting requirements of the Securities Act or the Exchange Act; 
  
 (b) File with the Commission in a timely manner all reports and other documents required of the Company under the Securities Act and the
Exchange Act (at any time after it has become subject to such reporting requirements); and 
  
 (c) So long as a Holder owns any Restricted Securities, to furnish to the Holder forthwith upon request a written statement by the Company
as to its compliance with the reporting requirements of Rule 144 and of any other reporting requirements of the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements), a copy of the most recent
annual or quarterly report of the Company, and such other reports and documents of the Company and other information in the possession of or reasonably obtainable by the Company as a Holder may reasonably request in availing itself 

  

 13 

 
of any rule or regulation of the Commission allowing a Holder to sell any such securities without registration. 
  
 1.10 Transfer of Registration Rights. The
rights to cause the Company to register securities granted to any party hereto under Section 1 may be assigned by a Holder only to a transferee or assignee of not less than fifty thousand (50,000) shares of Registrable Securities (as appropriately
adjusted for stock splits and the like), provided that the Company is given written notice at the time of or within a reasonable time after said assignment, stating the name and address of the transferee or assignee and identifying the securities
with respect to which such registration rights are being assigned, and, provided further, that the assignee of such rights assumes in writing the obligations of such Holder under this Section 1. Notwithstanding the foregoing, no such minimum share
assignment requirement shall be necessary for an assignment by a Holder which is (A) a partnership to its partners or retired partners, (B) a limited liability company to its members or former members, or (C) to the Holder’s family member or
trust for the benefit of an individual Holder. 
  
 1.11 Limitations on Subsequent Registration Rights. From and after the date hereof, the Company shall not, without the prior written consent of Holders who in the aggregate hold more than 50% of the then outstanding
Registrable Securities, enter into any agreement granting any holder or prospective holder of any securities of the Company registration rights the terms of which are more favorable than the registration rights granted to Holders hereunder.

  
 1.12 Procedure for Underwriter
Cutbacks. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company with registration rights (such other shares, the “Other Shares”) requested to be included in
a registration on behalf of Holders or Other Stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, no Other Shares (other than Priority
Shares being registered pursuant to Section 1.4) may be included unless all Registrable Securities requested to be included in such registration statement are so included and, if all such Registrable Securities cannot be included, then the shares of
Registrable Securities to be included shall be allocated among the Holders requesting inclusion of shares pro rata based upon the total number of Registrable Securities held by such Holders; provided, however, that such allocation
shall not operate to reduce the aggregate number of Registrable Securities to be included in such registration if any Holder does not request inclusion of the maximum number of shares of Registrable Securities allocated to such Holder pursuant to
the above-described procedure, in which case the remaining portion of his allocation shall be reallocated among those requesting Holders whose allocations did not satisfy their requests pro rata on the basis of total number of shares of Registrable
Securities held by such Holders, and this procedure shall be repeated until all shares of Registrable Securities which may be included in the registration on behalf of the Holders have been so allocated. The Company shall not limit the number of
shares of Registrable Securities to be included in a registration pursuant to this Agreement in order to include Other Shares (other than Priority Shares) or shares of stock issued to founders of the Company or to employees, officers, directors, or
consultants pursuant to the Company’s equity incentive plans, or in the case of registrations under Sections 1.2 or 1.3 hereof, in order to include in such registration securities registered for the Company’s own account. 

  

 14 

 1.13 Termination of Rights. The rights of any particular Holder to cause
the Company to register securities under Sections 1.2, 1.3 and 1.4 shall terminate with respect to such Holder on the fifth year anniversary of the effective date of the Company’s IPO. 
  
 2. Miscellaneous. 
  
 2.1 Governing Law. This Agreement shall be
governed by and construed under the laws of the State of California without giving effect to the choice of law provisions thereof. 
  
 2.2 Successors and Assigns. Except as otherwise provided herein, the provisions hereof shall inure to the benefit of, and be
binding upon, the successors, assigns, heirs, executors, and administrators of the parties hereto. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and
assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided by this Agreement. 
  
 2.3 Entire Agreement. This Agreement and the other documents delivered pursuant hereto constitute the full and entire
understanding and agreement among the parties with regard to the subjects hereof and thereof. Subject to the provisions of Section 2.10 below, neither this Agreement nor any term hereof may be amended, waived, discharged or terminated other than by
a written instrument signed by the party against whom enforcement of any such amendment, waiver, discharge or termination is sought, unless otherwise provided. 
  

2.4 Notices, Etc. All notices required or permitted hereunder shall be in writing and shall be deemed effectively
delivered upon personal delivery to the party to be notified, or upon the passage of five (5) calendar days after deposit in the United States mail, by registered or certified mail, postage prepaid, or the passage of two (2) days if sent by the next
day delivery service of a nationally-recognized reputable courier, each properly addressed to the party to be notified, as set forth on the Exhibit A hereto or at such other address as such party or any subsequent Investor may designate by
ten (10) calendar days’ advance written notice to the other parties hereto, or, if sent by facsimile, upon completion of such facsimile transmission, as conclusively evidenced by the transmission receipt thereof. 
  
 2.5 Delays or Omissions. No delay or omission
to exercise any right, power, or remedy accruing to any Investor upon any breach or default of the Company under this Agreement shall impair any such right, power, or remedy of such party, nor shall it be construed to be a waiver of any such breach
or default, or an acquiescence therein, or of or in any similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring. Any
waiver, permit, consent, or approval of any kind or character on the part of any party of any breach or default under this Agreement, or any waiver on the part of any party of any provisions or conditions of this Agreement, must be in writing and
shall be effective only to the extent specifically set forth in such writing or as provided in this Agreement. All remedies, either under this Agreement or by law or otherwise afforded to any party, shall be cumulative and not alternative.

  

 15 

 2.6 Attorney Fees. In the event that any dispute among the parties to this
Agreement should result in litigation, the prevailing party in such dispute shall be entitled to recover from the losing party all fees, costs, and expenses of enforcing any right of such prevailing party under or with respect to this Agreement,
including without limitation, such reasonable fees and expenses of attorneys and accountants, which shall include, without limitation, all fees, costs, and expenses of appeals. 
  
 2.7 Counterparts. This Agreement may be executed in two or more counterparts and signature
pages may be delivered by facsimile, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
  
 2.8 Severability. In the event one or more of the provisions of this Agreement should, for any reason, be held to be
invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provisions of this Agreement, and this Agreement shall be construed as if such invalid, illegal, or unenforceable
provision had never been contained herein. 
  
 2.9 Titles and Subtitles. The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement. 
  
 2.10 Amendment and Waiver. Any provision of
this Agreement may be amended or waived (either generally or in a particular instance and either retroactively or prospectively) with the written consent of the Company and an Investor or Investors holding, in the aggregate, more than fifty percent
(50%) of the outstanding shares of the Registrable Securities including (a) the written consent of Intermix so long as Intermix and its Affiliates own at least 1,000,000 shares of common stock of the Company (on an as converted to Common Stock basis
and as adjusted for any stock splits, consolidations and the like), (b) the written consent of Redpoint so long as Redpoint and its Affiliates own at least 1,000,000 shares of common stock of the Company (on an as converted to Common Stock basis and
as adjusted for any stock splits, consolidations and the like) and (c) the written consent of MSV so long as MSV and its Affiliates own at least 1,000,000 shares of common stock of the Company (on an as converted to Common Stock basis and as
adjusted for any stock splits, consolidations and the like). In addition, the Company may waive performance of any obligation owing to it, as to some or all of the Investors, or agree to accept alternatives to such performance, without obtaining the
consent of any Investor. 
  
 2.11 Rights of
Investors. Each party to this Agreement shall have the absolute right to exercise or refrain from exercising any right or rights that such party may have by reason of this Agreement, including, without limitation, the right to consent to
the waiver or modification of any obligation under this Agreement, and such party shall not incur any liability to any other party or other holder of any securities of the Company as a result of exercising or refraining from exercising any such
right or rights. 
  
 2.12 Aggregation of
Stock. All shares of preferred stock and Common Stock of the Company held or acquired by affiliated entities or persons shall be aggregated for the purpose of determining the availability of any rights under this Agreement. 
  

 16 

 2.13 Specific Performance. Without limiting the rights of each party hereto to
pursue all other legal and equitable rights available to such party for any other party’s failure to perform its obligations under this Agreement, each such party acknowledges and agrees that the remedy at law for any failure to perform
obligations hereunder would be inadequate and all such parties shall be entitled to specific performance, injunctive relief, or other equitable remedies in the event of any such failure. The availability of these remedies shall not prohibit the
parties from pursuing any other remedies for such breach, including the recovery of monetary damages. 
  
 [THIS SPACE LEFT BLANK INTENTIONALLY] 
  

 17 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  

			
	MYSPACE, INC.
		
	 By:
	 	/s/ Christopher DeWolfe
	 Name:
	 	Christopher DeWolfe
	 Title:
	 	President

  

			
	INTERMIX MEDIA, INC.
		
	 By:
	 	/s/ Richard Rosenblatt
	 Name:
	 	Richard Rosenblatt
	 Title:
	 	Chief Executive Officer

  

			
	MYSPACE VENTURES, LLC
		
	 By:
	 	/s/ Christopher DeWolfe
	 Name:
	 	Christopher DeWolfe
	 Title:
	 	President

  

 SIGNATURE PAGE TO 
 REGISTRATION RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above
written. 
  

			
	 REDPOINT VENTURES I, L.P., by its
 General Partner

	
	Redpoint Ventures I, LLC
		
	By:	 	/s/ W. Allen Beasley
	 	 	W. Allen Beasley, Manager

  

			
	 REDPOINT ASSOCIATES I, LLC, as
 nominee

		
	By:	 	/s/ W. Allen Beasley
	 	 	W. Allen Beasley, Manager

  

			
	 REDPOINT VENTURES II, L.P., by its
 General Partner

	
	Redpoint Ventures II, LLC
		
	By:	 	/s/ W. Allen Beasley
	 	 	W. Allen Beasley, Manager

  

			
	 REDPOINT ASSOCIATES II, LLC, as
 nominee

		
	By:	 	/s/ W. Allen Beasley
	 	 	W. Allen Beasley, Manager

  

 SIGNATURE PAGE TO 
 REGISTRATION RIGHTS AGREEMENT 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above
written. 
  

			
	 REDPOINT TECHNOLOGY PARTNERS
 Q-1, L.P., by its General Partner

	
	Redpoint Ventures I, LLC
		
	By:	 	/s/ W. Allen Beasley
	 	 	W. Allen Beasley, Manager

  

			
	 REDPOINT TECHNOLOGY PARTNERS
 A-1, L.P., by its General Partner

	
	Redpoint Ventures I, LLC
		
	By:	 	/s/ W. Allen Beasley
	 	 	W. Allen Beasley, Manager

  

 SIGNATURE PAGE TO 
 REGISTRATION RIGHTS AGREEMENT 

  
 EXHIBIT A

  
 SCHEDULE OF INVESTORS 
  
 MYSPACE, INC. 
 1333 Second Street 
 Santa Monica, CA 90401 
 Attn: Christopher DeWolfe 
  
 INTERMIX MEDIA,
INC. 
 6060 Center Drive Suite 300 
 Los Angeles, CA 90045

 Attn: Chris Lipp, General Counsel 
  
 MYSPACE VENTURES, LLC 
 1333 Second Street 
 Santa Monica, CA 90401 
 Attn: Christopher DeWolfe 
  
 REDPOINT VENTURES I, L.P. 
 3000 Sand Hill Road 
 Building 2, Suite 290 
 Menlo Park, CA 94025 
 Attn: Chris Moore 
  
 REDPOINT ASSOCIATES I, LLC 
 3000 Sand Hill Road 
 Building 2, Suite 290 
 Menlo Park, CA 94025 
 Attn: Chris Moore 
  
 REDPOINT VENTURES II, L.P. 
 3000 Sand Hill Road 
 Building 2, Suite 290 
 Menlo Park, CA 94025 
 Attn: Chris Moore 
  
 REDPOINT ASSOCIATES II, LLC 
 3000 Sand Hill Road 
 Building 2, Suite 290 
 Menlo Park, CA 94025 
 Attn: Chris Moore 
  

 i 

 REDPOINT TECHNOLOGY PARTNERS Q-1, L.P. 
 3000 Sand Hill Road 
 Building 2, Suite 290 
 Menlo Park, CA 94025 
 Attn: Chris Moore 
  
 REDPOINT TECHNOLOGY PARTNERS A-1, L.P. 
 3000 Sand Hill Road 
 Building 2, Suite 290 
 Menlo
Park, CA 94025 
 Attn: Chris Moore 
  

 SIGNATURE PAGE TO 
 REGISTRATION RIGHTS AGREEMENT

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