Document:

EX-10.4

 Exhibit 10.4 

FORM OF 

SECOND AMENDMENT TO AMENDED AND 

RESTATED CREDIT AND GUARANTY AGREEMENT 

This SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT (this “Agreement”) is made and entered into as of
November [    ], 2017, by and among SAILPOINT TECHNOLOGIES, INC., a Delaware corporation, as Company, SAILPOINT TECHNOLOGIES INTERMEDIATE HOLDINGS, LLC, a Delaware limited liability company, as a Guarantor,
the other Credit Parties party hereto, the Lenders party hereto and GOLDMAN SACHS BANK USA (“GSB”), as Administrative Agent (in such capacity, “Administrative Agent”). 

WHEREAS, Company, the other Credit Parties party thereto from time to time, the Lenders party thereto from time to time and GSB, as
Administrative Agent, Collateral Agent and Lead Arranger, are party to that certain Amended and Restated Credit and Guaranty Agreement, dated as of November 2, 2016 (as amended by that certain First Amendment to Amended and Restated Credit and
Guaranty Agreement, dated as of June 28, 2017, and as further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), whereby Lenders have extended to Company certain credit facilities
pursuant to the Credit Agreement and the other Credit Documents; 
 WHEREAS, Company has requested that Administrative Agent and Lenders
make certain amendments to the Credit Agreement; and 
 WHEREAS, Administrative Agent and the Lenders are willing to make such amendments
subject to the terms and conditions set forth herein; 
 NOW, THEREFORE, in consideration of the foregoing premises and other good and
valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto hereby agree as follows: 

1.    Definitions. All capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed
to such terms in the Credit Agreement, after giving effect to this Agreement. 
 2.    Amendments. Subject to the terms
and conditions set forth herein, and in reliance on the representations, warranties, covenants and agreements contained in this Agreement: 

(a)    Section 1.1 of the Credit Agreement is hereby amended by deleting the defined terms “Applicable
Margin”, “Change of Control”, “Fee Letter” and “Subject Transaction” in their entirety and inserting the following in lieu thereof in the proper alphabetical order: 

“Applicable Margin” means (a) for any applicable periods prior to the First Amendment Effective Date, the Applicable
Margin (as defined in this Agreement prior to the First Amendment Effective Date), (b) for the period beginning on the First Amendment Effective Date and ending on, but not including, the Second Amendment Effective Date, (i) seven percent
(7.00%) for LIBOR Rate Loans and (i) six and one-half percent (6.50%) for Base Rate Loans and (c) for the period from and after the Second Amendment Effective Date, (i) four and one-half percent (4.50%) for LIBOR Rate Loans and (i) four percent (4.00%) for Base Rate Loans. 

 “Change of Control” means, at any time, (a) any Person or “group”
(within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act) other than the Permitted Investors (I) shall have acquired beneficial ownership of twenty-five
percent (25%) or more on a fully diluted basis of the, direct or indirect, voting and/or economic interest in the Capital Stock of Parent or Holdings or (II) shall have obtained the power (whether or not exercised) to elect a majority of the
members of the board of directors (or similar governing body) of Parent or Holdings; (b) Holdings shall cease to beneficially own and control, directly or indirectly, 100% on a fully diluted basis of the economic and voting interest in the
Capital Stock of Company; or (c) except pursuant to a transaction permitted by Section 6.9, Company shall cease to beneficially own and control, directly or indirectly, 100% on a fully diluted basis of the economic and
voting interests in the Capital Stock of its Subsidiaries. 
 “Fee Letter” means the second amended and restated letter
agreement regarding certain fees and dated as of the Second Amendment Effective Date between Company and Administrative Agent. 

“Subject Transaction” as defined in Section 6.8(f). 

(b)    Section 1.1 of the Credit Agreement is hereby further amended by inserting the new defined terms
“Auditor”, “Qualified IPO” and “Second Amendment Effective Date” in the proper alphabetical order as follows: 

“Auditor” as defined in Section 5.1(c). 

“Qualified IPO” means an initial public offering by Parent of its Capital Stock pursuant to a registration statement filed
with the Securities and Exchange Commission in accordance with the Securities Act and other applicable law, the total net cash proceeds received by Parent as a result of which are at least $100,000,000. 

“Second Amendment Effective Date” means November [    ], 2017. 

(c)    Section 1.1 of the Credit Agreement is hereby further amended by deleting each of the following terms:
“Fixed Charge Coverage Ratio” and “RNR”. 
 (d)    Section 1.1 of the Credit
Agreement is hereby further amended by (i) deleting the brackets and words “[intentionally reserved]” in clause (a)(ix) of the definition of the term “Consolidated Adjusted EBITDA” and (ii) inserting in
lieu thereof the following: 
 (ix)    payments actually made to or on behalf of Holdings or Parent for (A) out-of-pocket legal, accounting, filing costs and other overhead expenses, in any case under this clause (A), to the extent (I) actually incurred in the
ordinary course of business and paid to non-Affiliates for the benefit of Company and its Subsidiaries or otherwise actually related to Holdings’ or Parent’s ownership of Company and its
Subsidiaries, and (II) not exceeding $250,000 in the aggregate in any trailing twelve month period, and (B) director fees, expenses and indemnities actually incurred in the ordinary course of business and paid to directors of Holdings or
Parent, to the extent not exceeding $350,000 in the aggregate in any trailing twelve month period; 

 (e)    Section 2.13(i) of the Credit Agreement is hereby amended by
deleting the existing text of such Section in its entirety and by inserting, in lieu thereof, the following text: 

(i)    Receipt of IPO Proceeds. On the date of receipt by Parent, any Credit Party or any of their
respective Subsidiaries of any net proceeds of an initial public offering of Parent, any such Credit Party or any of their respective Subsidiaries, including, for clarity, from a Qualified IPO, Company shall prepay the Loans and/or the Revolving
Commitments shall be permanently reduced as set forth in Section 2.14(b) in the amount equal to one hundred percent (100%) of such proceeds. Notwithstanding anything to the contrary set forth in the Credit Documents
(including, without limitation, the immediately preceding sentence and
 Section 2.14(b)), the Company shall prepay with the proceeds of the Qualified IPO the Loans and certain other Obligations on the Second Amendment
Effective Date, as follows: 
 first, the Company shall pay all fees and all expenses due and payable to the Agents as
specified in Section 10.2, to the full extent thereof; and 
 second, the Company shall pay
(i) to each Lender holding a Term Loan (other than Goldman Sachs Bank USA) or any outstanding Revolving Loans (other than Goldman Sachs Bank USA), an amount equal to the sum of (A) 100% of the aggregate outstanding principal amount of, and
accrued interest and any premium on, the Term Loan and the outstanding Revolving Loans held by each such Lender (without a corresponding reduction of any Revolving Commitments with respect thereto), and (B) any and all other Obligations due and
payable to each such Lender and (ii) to Goldman Sachs Bank USA, solely in its capacity as a Lender holding a Term Loan, an amount equal to the sum of (A) the amount necessary to reduce the aggregate outstanding principal amount of its Term
Loan to $70,000,000, (B) all accrued interest and any premium due and payable on the principal amount required to be prepaid pursuant to clause (ii)(A) and (C) all other Obligations due and payable as a result of such prepayment. For
clarity, any remaining proceeds of the applicable Qualified IPO, after the payments referenced above are made, shall be retained by the Credit Parties. 

(f)    Section 5.1(b) of the Credit Agreement is hereby amended by deleting the existing text of such Section in
its entirety and by inserting, in lieu thereof, the following text: 
 (b)    Quarterly Financial Statements.
(i) If Holdings is required to file a Form 10-Q under the Exchange Act, a copy of the Form 10-Q of Holdings, within 2 Business Days after the date on which Holdings
files or is required to file its Form 10-Q under the Exchange Act (after giving effect to any extension pursuant to Rule 12b-25 under the Exchange Act (or any successor
rule)) and, unless otherwise included in such Form 10-Q, comparative form figures for the preceding Fiscal Year or (ii) if Holdings is not required to file a Form
10-Q under the Exchange Act, within forty-five (45) days after the end of each Fiscal Quarter of each Fiscal Year (including the fourth Fiscal Quarter), the unaudited consolidated and consolidating
balance sheets of Holdings and its Subsidiaries as at the end of such Fiscal Quarter and the related consolidated (and with respect to 

 
statements of income, consolidating) statements of income, stockholders’ equity and cash flows of Holdings and its Subsidiaries for such Fiscal Quarter and for the period from the beginning
of the then current Fiscal Year to the end of such Fiscal Quarter, setting forth in each case in comparative form the corresponding figures for the corresponding periods of the previous Fiscal Year and the corresponding figures from the Financial
Plan for the current Fiscal Year, all in reasonable detail and in Microsoft Excel format, together with a Financial Officer Certification; 

(g)    Section 5.1(c) of the Credit Agreement is hereby amended by deleting the existing text of such Section in
its entirety and by inserting, in lieu thereof, the following text: 
 (c)    Annual Financial Statements.
(i) If Holdings is required to file a Form 10-K under the Exchange Act, a copy of the Form 10-K of Holdings, within 2 Business Days after the date on which Holdings
files or is required to file its Form 10-K under the Exchange Act (after giving effect to any extension pursuant to Rule 12b-25 under the Exchange Act (or any successor
rule)) and, unless the audit report and opinion of an Auditor (as defined below) in such Form 10-K satisfies the requirements of clauses (b)(I) and (II) of
Section 5.1(c)(ii) below, a report and opinion of an Auditor which satisfies such requirements or (ii) if Holdings is not required to file a Form 10-K under the Exchange Act,
within one hundred twenty (120) days after the end of each Fiscal Year, (a) the consolidated and consolidating balance sheets of Holdings and its Subsidiaries as at the end of such Fiscal Year and the related consolidated (and with respect
to statements of income, consolidating) statements of income, stockholders’ equity and cash flows of Holdings and its Subsidiaries for such Fiscal Year, setting forth in each case in comparative form the corresponding figures for the previous
Fiscal Year and the corresponding figures from the Financial Plan for the Fiscal Year covered by such financial statements, in reasonable detail and in Microsoft Excel format, together with a Financial Officer Certification with respect thereto; and
(b) with respect to such consolidated financial statements a report thereon of Grant Thornton LLP or other independent certified public accountants of recognized national standing selected by Holdings and reasonably satisfactory to
Administrative Agent; it being agreed that any “Big Four” accounting firm shall be reasonably acceptable to the Administrative Agent (such auditor, the “Auditor”), which report (I) shall be unqualified as to going
concern and scope of audit (other than with respect to an upcoming maturity date of any Loan), and (II) shall state that such consolidated financial statements fairly present, in all material respects, the consolidated financial position of
Holdings and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated in conformity with GAAP applied on a basis consistent with prior years (except as otherwise disclosed in such
financial statements) and that the examination by such accountants in connection with such consolidated financial statements has been made in accordance with generally accepted auditing standards; 

 (h)    Section 6.5 of the Credit Agreement is hereby amended by adding
the following new clause (i) thereto (immediately following the end of clause (h) thereof): 
 ; and (i) from
and after the consummation of a Qualified IPO, the payment of any Restricted Junior Payment (including the consummation of any irrevocable redemption) within sixty (60) days after the date of the declaration of such Restricted Junior Payment
(or the giving of the applicable redemption notice, as the case may be), as long as at the date of such declaration or notice, as the case may be, the Restricted Junior Payment would have been permitted under this Agreement. 

(i)    Section 6.8(b) of the Credit Agreement is hereby amended by deleting the existing text of such Section in
its entirety and by inserting, in lieu thereof, the following text: 
 (b)    Leverage Ratio Holdings shall not
permit the Leverage Ratio as of the last day of any Fiscal Quarter, beginning with the first Fiscal Quarter ending after the Second Amendment Effective Date, to exceed the correlative ratio indicated: 

 

					
	 Fiscal Quarter
	  	Leverage Ratio	 
	 For each of such Fiscal Quarters ending on or before December 31, 2018
	  	 	3.00:1.00	 
	 For each of the Fiscal Quarters ending thereafter
	  	 	2.50:1.00	 

 (j)    Sections 6.8(a), 6.8(c), 6.8(d) and 6.8(e) to the
Credit Agreement are hereby deleted in their entirety and replaced, in each case, with “[Intentionally Reserved]”. 

(k)    Section 6.8(f) of the Credit Agreement is hereby amended by deleting the existing text of such Section in
its entirety and by inserting, in lieu thereof, the following text: 
 (f)    Certain Calculations. With respect
to any period during which a Permitted Acquisition or an Asset Sale has occurred (each, a “Subject Transaction”), for purposes of determining compliance with the financial covenant set forth in this
Section 6.8, Consolidated Adjusted EBITDA (and, as applicable, Cash EBITDA) shall be calculated with respect to such period on a pro forma basis (including pro forma adjustments approved by Administrative Agent in its sole
discretion) using the historical audited financial statements for the fiscal year then most recently ended of any business so acquired or to be acquired or sold or to be sold and the consolidated financial statements of Holdings and its Subsidiaries
which shall be reformulated as if such Subject Transaction, and any Indebtedness incurred or repaid in connection therewith, had been consummated or incurred or repaid at the beginning of such period (and assuming that such Indebtedness bears
interest during any portion of the applicable measurement period prior to the relevant acquisition at the weighted average of the interest rates applicable to outstanding Loans incurred during such period). 

3.    Delivery. On the date hereof, the Company shall deliver to the Administrative Agent a revised Schedule 4.2
reflecting the capital structure of the Company and Holdings after giving effect to the Qualified IPO. 

 4.    Consent; Assignment. For the avoidance of doubt, each Lender hereby
consents to the order and manner (including, without limitation, the non-pro rata application of payments) in which the Loans and other Obligations will be paid on the Second Amendment Effective Date as a
result of the consummation by Parent of a Qualified IPO as set forth in the second sentence of Section 2.13(i) of the Credit Agreement (as amended hereby). In addition, each Lender (other than Goldman Sachs Bank USA) with a
Revolving Commitment agrees that, on and as of the Second Amendment Effective Date, after receipt of the amounts owing to such Lender under Section 2.13(i) (including payment in full of all Term Loans and Revolving Loans
owing to such Lender as of such date), such Lender shall execute an Assignment Agreement in accordance with Section 10.6 of the Credit Agreement in favor of Goldman Sachs Bank USA transferring such Lender’s Revolving
Commitment as of such date to Goldman Sachs Bank USA. Each Lender further agrees that the provisions of this Section 4 shall be binding on any successor or assignee to such Lender. 

5.    Acknowledgements and Agreements. The Credit Parties, as a material inducement to Administrative Agent and the Lenders
to enter into this Agreement, hereby reaffirm and ratify the Credit Documents. This Agreement is not intended, and shall not be construed as an amendment of, or any kind of extension, consent or waiver related to any transaction under, the Credit
Agreement or any other Credit Document, other than as expressly set forth herein in accordance with the express terms hereof, and Agents, Lenders and Issuing Bank accordingly reserve all of their respective rights under the Credit Agreement and the
other Credit Documents. Administrative Agent’s and Lenders’ making the amendments contained herein does not and shall not create (nor shall Company or any other Credit Party rely on the existence of or claim or assert that there exists)
any obligation of any Agent, Lender or Issuing Bank to consider or agree to any further waivers, consents or amendments and, in the event that Agents, Lenders or Issuing Bank subsequently agree to consider any further waivers, consents or
amendments, neither this Agreement nor any other conduct of any Agent, Lender or Issuing Bank shall be of any force or effect on any Agent’s, Lender’s or Issuing Bank’s consideration or decision with respect thereto, and Agents,
Lenders and Issuing Bank shall have no obligation whatsoever to consider or agree to any further waivers, consents or amendments. 

6.    Representations, Warranties, Covenants and Acknowledgments. To induce Administrative Agent and the Lenders to enter
into this Agreement, each Credit Party does hereby: 
 (a)    represent and warrant to Administrative Agent and the
Lenders that (i) as of the date hereof, after giving effect to this Agreement, all of the representations and warranties made or deemed to be made under the Credit Documents are true and correct in all material respects, except to the extent
that such representations and warranties specifically relate to an earlier date (in which case, such representations and warranties shall have been true and correct in all material respects as of such earlier date); (ii) as of the date hereof, there
exists no Default or Event of Default under the Credit Agreement or any other Credit Document or would result from this Agreement becoming effective in accordance with its terms; (iii) each Credit Party has the power and is duly authorized to
execute, deliver and perform this Agreement and perform under the Credit Agreement as amended by this Agreement; and (iv) each of this Agreement and the Credit Agreement, as amended by this Agreement, is the legal, valid and binding obligation
of such Credit Party enforceable against such Credit Party in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by
equitable principles relating to enforceability; and 

 (b)    reaffirm each of the agreements, covenants, indemnities and
undertakings of such Credit Party set forth in the Credit Agreement and each other Credit Document to which it is a party and executed in connection therewith or pursuant thereto as if such Credit Party were making such agreements, covenants,
indemnities and undertakings on the Second Amendment Effective Date; and 
 (c)    acknowledge and agree that no right
of offset, defense, counterclaim, claim, cause of action or objection in favor of such Credit Party against any Agent, Issuing Bank or any Lender exists arising out of or with respect to (i) this Agreement, the Credit Agreement or any other
Credit Document to which it is a party, or (ii) any other documents to which it is a party now or heretofore evidencing, securing or in any way relating to the foregoing; and 

(d)    acknowledge and agree that this Agreement shall be deemed a “Credit Document” for all purposes under the
Credit Agreement; and 
 (e)    neither this Agreement nor any document executed in connection hereof shall be deemed to
constitute a refinancing, substitution or novation of the Credit Agreement, any Credit Document, the Obligations or any other obligations and liabilities thereunder. 

7.    Conditions Precedent to this Agreement. The effectiveness of this Agreement is subject to the following conditions
precedent: 
 (a)    Documents. Administrative Agent and the Lenders shall have received executed counterparts of
the following, in each case, in form and substance reasonably satisfactory to Administrative Agent and the Lenders: (i) this Agreement; (ii) an Acknowledgement and Consent from Thoma Bravo, LLC, in the form attached hereto, (iii) the
Fee Letter (as defined after giving effect to this Agreement), (iv) the Schedule required to be delivered under Section 3 above and (v) the Assignment Agreements from each applicable Lender, as set forth under
Section 4 above (which, for clarity, may be delivered in escrow by such Lenders subject to receipt of the applicable payments under clause (c) below). 

(b)    Expenses. Company shall pay Administrative Agent and the Lenders all of their reasonable and documented out
of pocket costs and expenses in connection with this Agreement in accordance with the Credit Agreement (including, without limitation, all reasonable and documented out of pocket fees, expenses and disbursements of outside counsel to Administrative
Agent and the Lenders). 
 (c)    Payoff. 

(i)    Each Lender (other than Goldman Sachs Bank USA) shall have received in cash the full amount of Obligations
(including, without limitation, principal, interest, the Second Amendment Prepayment Premium (as defined in the Fee Letter (as defined after giving effect to this Agreement)), fees, expenses and other Obligations (other than un-asserted contingent indemnification obligations) owing to such Lender as of the Second Amendment Effective Date), as set forth in a written notice to Company delivered to Company one (1) Business Day prior
to the Second Amendment Effective Date; and 

 (ii)    Goldman Sachs Bank USA shall have received in cash the amount of
Obligations (including, without limitation, principal, interest, the Second Amendment Prepayment Premium (as defined in the Fee Letter (as defined after giving effect to this Agreement)), fees, expenses and other Obligations) owing to Goldman Sachs
Bank USA under the second sentence of Section 2.13(i) of the Credit Agreement on the Second Amendment Effective Date. 

8.    Effect; Relationship of Parties. Except as expressly modified hereby, the Credit Agreement and each other Credit
Document shall be and remain in full force and effect, and shall constitute the legal, valid, binding and enforceable obligations of each Credit Party to Agents, Issuing Bank and Lenders, except as may be limited by bankruptcy, insolvency,
reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability. The relationship of Agents, Issuing Bank and Lenders, on the one hand, and each Credit Party,
on the other hand, has been and shall continue to be, at all times, that of creditor and debtor and not as joint venturers or partners. Nothing contained in this Agreement (or any instrument, document or agreement delivered in connection herewith),
the Credit Agreement or any other Credit Document shall be deemed or construed to create a fiduciary relationship between or among the parties. 

9.    Release. In further consideration of Administrative Agent’s and Lenders’ execution of this Agreement, each
Credit Party, individually and on behalf of its successors (including, without limitation, any trustees acting on behalf of such Credit Party and any
debtor-in-possession with respect to such Credit Party), assigns, subsidiaries and Affiliates (collectively, the “Releasors”), hereby forever releases
each Agent, each Issuing Bank and each Lender and their respective successors, assigns, parents, subsidiaries, Affiliates, officers, employees, directors, agents and attorneys (collectively, the “Releasees”) from any and all debts,
claims, demands, liabilities, responsibilities, disputes, causes, damages, actions and causes of actions (whether at law or in equity) and obligations of every nature whatsoever, whether liquidated or unliquidated, whether known or unknown, whether
matured or unmatured, whether fixed or contingent that such Releasor has or may have against the Releasees, or any of them, which arise from or relate to any actions which the Releasees, or any of them, have or may have taken or omitted to take in
connection with the Credit Agreement or the other Credit Documents prior to the date hereof (including, without limitation, with respect to the Obligations, any Collateral, the Credit Agreement, any other Credit Document) and any third parties
liable in whole or in part for the Obligations. This provision shall survive and continue in full force and effect whether or not each Credit Party shall satisfy all other provisions of this Agreement or the other Credit Documents, including payment
in full of all Obligations. Each Releasor understands, acknowledges and agrees that the foregoing release set forth above may be pleaded as a full and complete defense and may be used as a basis for an injunction against any action, suit or other
proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release. Each Credit Party hereby agrees to indemnify and hold the Releasees, or any of them, harmless with respect to any and all liabilities,
obligations, losses, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by the Releasees, or any of them, whether direct, indirect or consequential, as a result of, arising from or
relating to any proceeding by or on behalf of any Person, including, without limitation, officers, directors, agents, trustees, creditors, partners or shareholders of any Credit Party or any parent, subsidiary or Affiliate of any Credit Party,
whether threatened or 

 
initiated, asserting any claim for legal or equitable remedy under any statutes, regulation, common law principle or otherwise arising from or in connection with any matter which is the subject
of the release set forth in this Section 9. The foregoing indemnity shall survive the payment in full of the Obligations and the termination of this Agreement and the other Credit Documents. 

10.    Miscellaneous. This Agreement may be executed in any number of counterparts and by different parties hereto in
separate counterparts (any of which may be delivered via facsimile or electronic mail in portable document format), each of which, when so executed and delivered, shall be deemed to be an original and all of which counterparts, when taken together,
shall constitute one and the same Agreement. The exchange of copies of this Agreement and of signature pages hereto (and of the other documents required to be delivered hereunder) by facsimile or electronic mail in portable document format shall
constitute effective execution and delivery of this Agreement (and such other documents) and may be used in lieu of the original Agreement (or in lieu of the original of such other documents) for all purposes. Signatures of the parties transmitted
by facsimile or electronic mail in portable document format shall be deemed to be the parties’ original signatures for all purposes. This Agreement shall be binding upon and inure to the benefit of the successors and permitted assigns of the
parties hereto. This Agreement shall be governed by, and construed and enforced according to, the laws of the State of New York without regard to conflict of law principles (other than Sections 5-1401 and 5-1402 of the New York General Obligations Law) thereof. Each of the parties hereto accepts the non-exclusive jurisdiction of any state or federal court of competent
jurisdiction in the State, County and City of New York for any judicial proceeding arising under or relating to this Agreement, to the full extent set forth in Section 10.15 of the Credit Agreement. Each of the parties
hereto hereby agrees to waive its respective rights to a jury trial of any claim or cause of action based upon or arising under this Agreement, to the full extent set forth in Section 10.16 of the Credit Agreement. This
Agreement embodies the entire agreement and understanding among the parties hereto with respect to the subject matter hereof and supersedes all prior oral or written negotiations, agreements and understandings of the parties with respect to the
subject matter hereof. 
 [Remainder of Page Intentionally Blank] 

 IN WITNESS WHEREOF, the Credit Parties, Administrative Agent and the Lenders have caused
this Agreement to be duly executed by their respective duly authorized representatives as of the date first set forth above. 
  

			
	SAILPOINT TECHNOLOGIES INC., as Company

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	SAILPOINT TECHNOLOGIES INTERMEDIATE HOLDINGS, LLC, as a Guarantor

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	
	SAILPOINT INTERNATIONAL, INC., as a Guarantor

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	 GOLDMAN SACHS BANK USA,

	 as Administrative Agent, a Lender and Issuing
Bank

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 
			
	 TPG SPECIALTY LENDING, INC.,

	 as a Lender

			
		
	By:	 	  

	Name:	 	
	Title:	 	

									
	 OAKTREE STRATEGIC INCOME CORPORATION, 

as a Lender
	 		 	 FS SENIOR FUNDING II LLC,
 as
a Lender

					
	By:	 	Oaktree Capital Management, L.P.	 		 	By:	 	Oaktree Strategic Income Corporation
	Its:	 	Investment Adviser	 		 	Its:	 	Designated Manager
					
	By:	 	  
	 		 	By:	 	Oaktree Capital Management, L.P.
	Name:	 		 		 	Its:	 	Investment Advisor
	Title:	 		 		 		 	
		 		 		 	By:	 	  

	By:	 	  
	 		 	Name:	 	
	Name:	 		 		 	Title:	 	
	Title:	 		 		 		 	
		 		 		 	By:	 	  

		 		 		 	Name:	 	
		 		 		 	Title:	 	
			
	 OAKTREE SPECIALTY LENDING CORPORATION,

as a Lender
	 		 	 FS SENIOR FUNDING LTD.,

as a Lender

					
	By:	 	Oaktree Capital Management, L.P.	 		 	By:	 	Oaktree Strategic Income Corporation
	Its:	 	Investment Adviser	 		 	Its:	 	Manager
					
	By:	 	  
	 		 	By:	 	Oaktree Capital Management, L.P.
	Name:	 		 		 	Its:	 	Investment Adviser
	Title:	 		 		 		 	
		 		 		 	By:	 	  

	By:	 	  
	 		 	Name:	 	
	Name:	 		 		 	Title:	 	
	Title:	 		 		 		 	
		 		 		 	By:	 	  

		 		 		 	Name:	 	
		 		 		 	Title:	 	

 ACKNOWLEDGEMENT AND CONSENT 

The undersigned hereby acknowledges and consents to the foregoing Second Amendment to Amended and Restated Credit and Guaranty Agreement. 

IN WITNESS WHEREOF, the undersigned has executed this Acknowledgement and Consent as of this      day of November, 2017.

  

			
	 THOMA BRAVO, LLC, as Subordinated
Lender

 
			
		
	By:	 	  

	Name:	 	
	TitleEX-10.11

 Exhibit 10.11 

AMENDED AND RESTATED 

SENIOR MANAGEMENT AND RESTRICTED STOCK AGREEMENT 

(Kevin Cunningham) 
 THIS
AMENDED AND RESTATED SENIOR MANAGEMENT AND RESTRICTED STOCK AGREEMENT (this “Agreement”) is dated as of November 5, 2017 by and among SailPoint Technologies Holdings, Inc., a Delaware corporation (the
“Parent”), SailPoint Technologies, Inc., a Delaware corporation (the “Company”), and Kevin Cunningham, an individual (the “Employee”). This Agreement amends and restates that
certain Senior Management and Restricted Stock Agreement by and among the Parent, the Company and the Employee dated September 8, 2014 (the “Original Agreement”). September 8, 2014, the effective date of the
Original Agreement, is referred to herein as the “Effective Date.” This Agreement is being entered into in anticipation of the Parent’s initial public offering of common stock. This Agreement shall become effective on
the business day immediately preceding (but conditioned on) the closing of the Parent’s initial public offering of common stock (the “Amendment Effective Date”), and the Original Agreement shall remain in full force and
effect until the Amendment Effective Date. In the event that the closing of the Parent’s initial public offering of common stock does not occur for any reason prior to October 1, 2018, this Agreement shall be null and void and the Original
Agreement will remain in full force and effect pursuant to its original terms. 
 Recitals 

A. The Parent and Employee previously entered into the Original Agreement pursuant to which Employee purchased, and the Parent sold,
subject to certain vesting and other restrictions as set forth herein, 1,075,000 shares of the common stock, par value $0.001 per share, of the Parent (the “Common Stock”). All such shares of Common Stock are referred to
herein as “Employee Stock”. For clarity, the 1,456,443.4932 shares of Common Stock and the 7,456 shares of preferred stock, par value $0.001 per share, of the Parent acquired by the Employee (and his affiliate) pursuant that
certain Agreement and Plan of Merger, dated as of August 10, 2014, by and among Parent, Project Spyglass Merger Sub, Inc. and Company Fortis Advisors LLC shall not be considered “Employee Stock” for purposes of this Agreement.

 B. Certain definitions are set forth in Section 10 of this Agreement. 

Agreement 
 In
consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement agree as follows: 

PROVISIONS RELATING TO THE EXECUTIVE STOCK 

1. Purchase and Sale of Employee Stock. 

(a) On the Effective Date, the Parent (i) established an equity incentive pool (the “Incentive Equity
Pool”), and (ii) granted Employee a number of shares of Common Stock equal to approximately 14.333% of the Equity Incentive Pool (the Effective Date, which is the  

  
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date upon which such shares of Common Stock were granted, is referred to herein as the “Grant Date”). On the Grant Date, Employee purchased, and the Parent sold, such
1,075,000 shares of Common Stock at a price per share of $0.0517 per share, of which (A) 50% of such shares of Common Stock are referred to herein as “Time-Vested Shares” and (B) 50% of such shares of Common Stock
are referred to herein as “Annual-Vested Shares.” 
 (b) Within 30 days after the Grant Date, Employee made an
election with the Internal Revenue Service under Section 83(b) of the Internal Revenue Code and the regulations promulgated thereunder. 

(c) In connection with the purchase and sale of the Employee Stock hereunder, Employee represented, warranted and covenanted and hereby
represents, warrants and covenants to the Parent and the Company that: 
 (i) The Employee Stock acquired by Employee
pursuant to the Original Agreement was acquired for Employee’s own account and not with a view to, or intention of, distribution thereof in violation of the Securities Act, or any applicable state securities laws, and the Employee Stock will
not be disposed of in contravention of the Securities Act or any applicable state securities laws. 
 (ii) Employee is both
an accredited investor (as defined in the rules under the Securities Act), is sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Employee Stock. 

(iii) Employee is able to bear the economic risk of his investment in the Employee Stock for an indefinite period of time
because the Employee Stock has not been registered under the Securities Act and, therefore, cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available. 

(iv) Employee has had an opportunity to ask questions and receive answers concerning the terms and conditions of the offering
of Employee Stock and has had full access to such other information concerning the Parent as he has requested and has had the opportunity to consult with his own independent counsel regarding his investment in Employee Stock. 

(v) This Agreement and each of the other agreements contemplated hereby constitute the legal, valid and binding obligation of
Employee, enforceable in accordance with their respective terms, and the execution, delivery and performance of this Agreement and such other agreements by Employee does not and will not conflict with, violate or cause a breach of any agreement,
contract or instrument to which Employee is a party or any statute, rule, judgment, order or decree to which Employee is subject. 

(vi) Employee is a resident of the State of Texas. 

  
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 (d) As an inducement to the Parent to issue the Employee Stock to Employee, and
as a condition thereto, Employee acknowledged and agreed and hereby acknowledges and agrees that neither the issuance of the Employee Stock to Employee nor any provision contained herein shall entitle Employee to remain in the employment of the
Parent and its Subsidiaries or affect the right of the Company to terminate Employee’s employment at any time for any reason. 
 2.
Vesting of Certain Employee Stock. 
 (a) Time-Vested Shares and Annual-Vested Shares are subject to vesting as further
described in this Section 2 based upon Employee’s continued employment with the Company. 
 (b) Except as otherwise provided
in Section 2(d) below, the Time-Vested Shares will continue to become vested in accordance with the following schedule, if as of each such date Employee remains continuously employed by the Parent or any of its Subsidiaries: (i) 25%
of the Time-Vested Shares became vested on the first anniversary of the Effective Date and (ii) the remaining Time-Vested Shares have or will become vested in equal installments on a monthly basis over the 36-month period following such first
anniversary of the Effective Date. 
 (c) Except as otherwise provided in Section 2(d) below, the Annual-Vested Shares will
continue to become vested in accordance with the following schedule if as of each such date Employee remains continuously employed by the Parent or any of its Subsidiaries: 

(i) twenty-five percent (25%) of the Annual-Vested Shares became vested on January 15, 2016 (the
“First Annual Vest Date”); 
 (ii) an additional twenty-five percent (25%) of the Annual
Vested Shares have or will become vested on each of the first and second anniversaries of the First Annual Vest Date; and 

(iii) any remaining Annual-Vested Shares will become vested on the third anniversary of the First Annual Vest Date. 

(d) Upon the occurrence of a Liquidity Event, 100% of the Unvested Employee Stock shall become vested immediately prior to such Liquidity
Event; provided, however, that if Employee ceases to be continuously employed by the Parent or its Subsidiaries until immediately prior to such Liquidity Event, then no Unvested Employee Stock shall vest in accordance with this
Section 2(d). 
 (e) All shares of Employee Stock which become vested in accordance with this Section 2 are
referred to herein as “Vested Shares”, and all other shares of Employee Stock are referred to herein as “Unvested Shares”. 

(f) Notwithstanding the provisions of this Section 2, this Agreement shall not result in fewer shares of Employee Stock being
Vested Shares hereunder on the Amendment Effective Date than the number of shares of Employee Stock that were Vested Shares under the Original Agreement as of immediately prior to the Amendment Effective Date and shares of Employee Stock that have
become Vested Shares as of the Amendment Effective Date shall remain Vested Shares under this Agreement. 

  
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 3. Repurchase Options. 

(a) In the event Employee ceases to be employed by the Company and its Subsidiaries for any reason (a
“Termination”), all of the Unvested Shares will be subject to repurchase by the Parent pursuant to the terms and conditions set forth in this Section 3 (the “Repurchase Option”).

 (b) The purchase price for each Unvested Share will be Employee’s Original Cost for such share. 

(c) The board of directors of the Parent (the “Board”) may elect to cause the Parent to purchase all or any
portion of any of the Unvested Shares by delivering written notice (the “Repurchase Notice”) to the Employee within 90 days after the Termination for any Unvested Shares. The Repurchase Notice will set forth the number of
Unvested Shares to be acquired, the aggregate consideration to be paid for such shares and the time and place for the closing of the transaction. Additionally, the Board may cause the Parent to assign its rights under this Section 3 to
one or more of its Affiliates. 
 (d) The closing of the purchase of the Unvested Shares pursuant to the Repurchase Option shall take
place on the date designated by the Parent in the Repurchase Notice, which date shall not be more than 30 days nor less than five days after the delivery of such notice. The Parent will pay for the Unvested Shares to be purchased by it pursuant to
the Repurchase Option by first offsetting amounts outstanding under any bona fide debts for money borrowed from the Parent or for travel and expense advances owed by Employee to the Parent; upon full repayment of such bona fide debts, the Parent
will make payment by a check or wire transfer of funds in the aggregate amount of the remaining purchase price for such Unvested Shares. The Parent will be entitled to receive customary representations and warranties from the sellers regarding such
sale and to require all sellers’ signatures be guaranteed. 
 (e) Notwithstanding anything to the contrary contained in this Agreement,
all repurchases of Unvested Shares by the Parent shall be subject to applicable restrictions contained in the Delaware General Corporation Law and in the Parent’s and its Subsidiaries’ debt and equity financing agreements. 

4. Restrictions on Transfer of Employee Stock. 

(a) The Unvested Shares are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until they become
Vested Shares as described in Section 2 of this Agreement. The Unvested Shares are also restricted in the sense that they may be subject to the Repurchase Option. 

  
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 (b) The certificates representing the Employee Stock will bear a legend in substantially the
following form: 
 “THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE ALSO SUBJECT TO ADDITIONAL RESTRICTIONS ON TRANSFER, CERTAIN
REPURCHASE OPTIONS AND CERTAIN OTHER AGREEMENTS SET FORTH IN A CERTAIN AMENDED AND RESTATED SENIOR MANAGEMENT AND RESTRICTED STOCK AGREEMENT BETWEEN THE COMPANY AND AN EXECUTIVE OF THE COMPANY DATED AS OF NOVEMBER 5, 2017. A COPY OF SUCH
AGREEMENT MAY BE OBTAINED BY THE HOLDER HEREOF AT THE COMPANY’S PRINCIPAL PLACE OF BUSINESS WITHOUT CHARGE.” 
 PROVISIONS RELATING
TO EMPLOYMENT 
 5. Employment. The Company agrees to employ Employee and Employee accepts such employment for the period
beginning as of the Effective Date and ending upon the effective date of Employee’s Termination pursuant to Section 5(f) hereof (the “Employment Period”). 

(a) As of the date of this Agreement, during the Employment Period, Employee shall serve as Chief Strategy Officer of the Company and shall
have such duties and responsibilities as are typically commensurate with such position. Employee shall have such other powers and perform such other duties as may from time to time reasonably be prescribed by the Board which are consistent with the
position of Chief Strategy Officer. Employee’s authority shall be subject to the power of the Board to expand such duties, responsibilities and authority, subject to Employee’s acceptance of any such expansion, and to override actions of
Employee. 
 (b) Employee shall report to the Board, and Employee shall devote appropriate time and attention to the business and affairs of
the Company and its Subsidiaries. 
 (c) During the Employment Period, Employee’s base salary shall be $310,000 per annum (as in
effect from time to time, the “Base Salary”). Employee’s Base Salary shall be payable in regular installments in accordance with the Company’s general payroll practices and shall be subject to customary withholding
for income tax, social security, and other applicable taxes. Employee’s Base Salary for any partial year will be prorated based upon the number of days elapsed in such year. 

(d) Bonuses. 

(i) In addition to the Base Salary, the Employee shall be entitled to an award of an annual performance bonus (the
“Bonus”) following the end of each fiscal year during the Employment Period commencing with the fiscal year ending December 31, 2015, based upon the Company’s achievement of budgetary and other objectives,
including specific objectives relating to Employee’s contributions, set by the Board in consultation with Employee no later than March 31 of the applicable bonus year. 

  
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 (ii) Except where otherwise provided, the Bonus for any fiscal year will be
payable to the Employee in cash promptly upon completion of the Company’s audited financial statements for such fiscal year, but in any event within 120 days following the end of such fiscal year. 

(e) Benefits. In addition to the Base Salary and any Bonuses payable to Employee pursuant to this Agreement, Employee shall be
entitled to the following benefits during the Employment Period: 
 (i) reimbursement for reasonable business expenses
incurred by Employee on the Company’s behalf and within the Company’s stated policies and procedures for expense reimbursement, subject to providing appropriate documentation thereof to the Company; 

(ii) participation in all health, disability and welfare plans available to the Company’s senior executives; 

(iii) participation in all life insurance plans available to the Company’s senior executives; 

(iv) participation in all retirement plans available to the Company’s senior executives; and 

(v) participation in any paid-time-off policies available to the Company’s senior executives. 

(f) Termination. 

(i) The Employment Period shall continue until Employee’s resignation, death, Permanent Disability (as such term is
defined in Section 0) or until the Board determines in its good faith judgment that termination of Employee’s employment (“Termination”) is in the best interests of the Company. 

(ii) If the Employment Period is terminated by the Company with Cause or by Employee without Good Reason, Employee shall be
entitled to receive Employee’s Base Salary (as in effect at time of Termination) through the effective date of Employee’s Termination but shall not be entitled to any Bonus for such current fiscal year, provided, however,
that Employee will receive his earned but unpaid bonus, if any, for the prior fiscal year. 
 (iii) If the Employment Period
is terminated due to death or Permanent Disability, Employee shall be entitled to receive Employee’s Base Salary for the period through the date of death or the date when the Employment Period is terminated as a result of Permanent Disability.
In addition, Employee will be entitled to Employee’s vested rights under any benefit plans (including any disability plans, 401(k) plans or other retirement plans). 

  
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 (iv) If at any time the Employment Period is terminated by the Company
without Cause or by Employee for Good Reason, Employee shall be entitled to receive the following (collectively, the “Severance Benefits”): (A) Employee’s Base Salary through the date that is twelve (12) months
after the effective date of such Termination, payable in equal installments on the Company’s regular salary payment dates commencing on the first payroll date that is sixty (60) days from the date of such termination (with the first
payment including amounts otherwise payable during such 60-day period (the “First Payment Date”)); (B) a lump-sum payment equal to Employee’s annual target bonus, payable on the First Payment Date (provided,
that the payment contemplated by this clause (B) shall only be payable if Employee would have achieved his financial objectives for the fiscal year his termination of employment occurs, based on the pro-rata results actually achieved by
Employee prior to the date of his termination as compared to the pro-rata objectives established for Employee’s target bonus for the then-current fiscal year); (C) twelve (12) months of COBRA payments, provided that the Company
shall not be obligated to pay any COBRA payments to Employee to the extent Employee elects not to receive COBRA coverage from the Company; and (D) a portion of any remaining unvested Time-Vested Shares equal to the amount of Time-Vested Shares
and Annual-Vested Shares that would have vested over the 12-month period immediately following the date the Employment Period shall become vested. Any of the Severance Benefits contemplated by this Section 5 shall be conditioned upon
Employee’s execution and delivery to the Company of a general release in form and substance satisfactory to the Company and Employee (the “Release”), which Release shall become effective and irrevocable within 60 days of
the termination date and upon Employee’s compliance with the terms of Sections 6 and 7 below, and upon any breach by Employee of the provisions of Sections 6 and 7 below, the Company’s obligation to
make any Severance Benefits shall immediately terminate. 
 (v) Anything provided herein to the contrary
notwithstanding, nothing in this Agreement shall confer upon the Employee any right to continue in the service of the Company (or any Company or Subsidiary of the Company employing or retaining Employee) for any period of time or interfere with or
restrict in any way the rights of the Company (or any Company or Subsidiary of the Company employing or retaining Employee) or the Employee, which rights are hereby expressly reserved by each, to terminate the employee status of Employee at any time
for any reason whatsoever or for no reason with or without cause. 
 (g) No Investor Obligation. For the avoidance of
doubt, notwithstanding the rights, if any, granted to TB hereunder, in no case shall TB be responsible for any obligation of the Company pursuant to this Section 5, and Employee hereby covenants for the benefit of TB that he will not
make any assertions to the contrary. 

  
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 6. Affirmation of Continuing Covenants. Employee expressly acknowledges that
Employee’s obligations pursuant to that certain Employment, Proprietary Information, and Inventions Assignment Agreement (the “EPIIAA”) entered into by and between Employee and the Company dated December 1, 2005
continue to be in full force and effect and covenants and agrees to abide by the terms set forth therein. 
 7. Restrictive
Covenants. 
 (a) Noncompetition. In further consideration of the opportunity to purchase the Employee Stock
hereunder, Employee acknowledges that during the course of his employment with the Company and its Affiliates (including, without limitation, any predecessors thereof) he has become familiar with, and during the course of his employment with the
Company and its Subsidiaries he will become familiar with, the Company’s and its Subsidiaries’ trade secrets and with other Confidential Information. Employee acknowledges that his services shall be of special, unique and extraordinary
value to the Company and its Subsidiaries and that the Company’s ability to accomplish its purposes and to successfully pursue its business plan and compete in the marketplace depend substantially on the skills and expertise of the Employee.
Therefore, and in further consideration of the opportunity to purchase the Employee Stock hereunder, Employee agrees that, during the Employee’s period of employment with the Company or any of its Subsidiaries and for 18 months thereafter, he
shall not directly or indirectly engage or become interested in (whether as an owner, partner, director, officer, employee, consultant, stockholder or otherwise) any business that provides, offers or is otherwise directly or indirectly engaged in
providing or offering (including through acquiring companies which provide or offer) products or services anywhere in the world that are competitive with the Business. For purposes of this Agreement, “Business” shall mean the
business of providing on-premises and hosted (i.e., SaaS-based) identity and access management solutions to enterprise and government customers, including data and risk management, compliance and provisioning solutions and services. 

(b) Nonsolicitation. In addition, during the Employee’s period of employment with the Company or any of its
Subsidiaries and for 18 months thereafter, Employee shall not (and shall cause all of his Affiliates not to) directly or indirectly through another entity or person (i) induce or attempt to induce any employee of the Parent or any of its
Subsidiaries (including the Company) to leave the employ of the Parent or any of its Subsidiaries (including the Company), or in any way interfere with the relationship between the Parent or any of its Subsidiaries (including the Company) and any
employee thereof, (ii) hire (in any capacity) any person who was an employee of the Parent or any of its Subsidiaries (including the Company) at any time during the one (1) year period immediately prior to the date on which such hiring
would take place (it being conclusively presumed by the parties so as to avoid any disputes under this Section 7(b) that any such hiring within such one (1) year period is in violation of Section 7(a) above),
(iii) for so long as Employee has any obligations under Section 7(a) above, call on, solicit or service any customer, supplier, licensee, licensor or other business relation of the Parent or any of its Subsidiaries (including the
Company) in order to induce or attempt to induce such Person to cease doing business with the Parent or any of its Subsidiaries (including the Company), or in any way interfere with the relationship between any such customer, supplier, licensee or
business relation and the Parent or any of its Subsidiaries (including the Company), including making any negative statements or communications about  

  
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the Parent or any of its Subsidiaries (including the Company) or (iv) initiate or engage in any discussions regarding an acquisition of, or Employee’s employment (whether as an
employee, an independent contractor or otherwise) by, any businesses with which the Parent or any of its Subsidiaries (including the Company) has entertained discussions or has requested and received information relating to the acquisition of such
business by the Parent or any of its Subsidiaries (including the Company) prior to the termination of the Employee’s employment with the Company. 

(c) Enforcement. If, at the time of enforcement of this Section 7, a court holds that the restrictions stated
herein are unreasonable under circumstances then existing, the parties hereto agree that the maximum duration, scope or geographical area reasonable under such circumstances shall be substituted for the stated duration, scope or area and that the
court shall be allowed to revise the restrictions contained herein to cover the maximum duration, scope and area permitted by law. Because Employee’s services are unique and because Employee has access to Confidential Information, the parties
hereto agree that money damages would not be an adequate remedy for any breach of this Agreement. Therefore, in the event a breach or threatened breach of this Agreement, the Company or its successors or assigns may, in addition to other rights and
remedies existing in their favor, apply to any court of competent jurisdiction for specific performance and/or injunctive or other relief in order to enforce, or prevent any violations of, the provisions hereof (without posting a bond or other
security and without proving damages). 
 8. Section 409A. 

(a) Anything in this Agreement to the contrary notwithstanding, if at the time of the Employee’s separation from service within the
meaning of Section 409A of the Code, the Company determines that the Employee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Employee
becomes entitled to under this Agreement on account of the Employee’s separation from service would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of
the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (i) six months and one day after the Employee’s separation from
service, or (ii) the Employee’s death. If any such delayed cash payment is otherwise payable on an installment basis, the first payment shall include a catch-up payment covering amounts that would otherwise have been paid during the
six-month period but for the application of this provision, and the balance of the installments shall be payable in accordance with their original schedule. 

(b) All in-kind benefits provided and expenses eligible for reimbursement under this Agreement shall be provided by the Company or incurred by
the Employee during the time periods set forth in this Agreement. All reimbursements shall be paid as soon as administratively practicable, but in no event shall any reimbursement be paid after the last day of the taxable year following the taxable
year in which the expense was incurred. The amount of in-kind benefits provided or reimbursable expenses incurred in one taxable year shall not affect the in-kind benefits to be provided or the expenses eligible for reimbursement in any other
taxable year. Such right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit. 

  
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 (c) To the extent that any payment or benefit described in this Agreement constitutes
“non-qualified deferred compensation” under Section 409A of the Code, and to the extent that such payment or benefit is payable upon the Employee’s termination of employment, then such payments or benefits shall be payable only
upon the Employee’s “separation from service.” The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h).

 (d) The parties intend that this Agreement will be administered in accordance with Section 409A of the Code. To the extent that any
provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with Section 409A of the Code. The parties agree that this
Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order to preserve the payments and benefits provided hereunder
without additional cost to either party. 
 (e) The Company makes no representation or warranty and shall have no liability to the Employee
or any other person if any provisions of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. 

GENERAL PROVISIONS 
 9.
Withholding. The Parent or the Company may withhold from any and all amounts payable under this Agreement or otherwise such federal, state, local or foreign withholding taxes, excise taxes, or employment taxes
(“Taxes”) as may be required to be withheld pursuant to any applicable law or regulation. Employee shall pay to the Parent or the Company or make arrangements satisfactory to the Parent to pay the amount of all applicable
Taxes that the Parent or the Company is required to withhold at any time. If Employee shall fail to make such payment, the Parent or the Company shall, to the extent permitted by law, have the right to deduct from any payment of any kind otherwise
due to Employee any Taxes of any kind required by law to be withheld with respect to the Employee Stock. Employee acknowledges that it is Employee’s sole responsibility, and not the Parent’s or the Company’s, to file timely and
properly the election under Section 83(b) of the Internal Revenue Code and any corresponding provisions of state tax laws. In the event that the Parent or the Company fails to withhold any Taxes required to be withheld by applicable law or
regulation, Employee shall indemnify the Parent and its Subsidiaries (including the Company) for any amounts paid by the Parent or the Company with respect to any such Taxes but only to the extent Employee has not already paid such Taxes;
provided, however, that Employee shall not be required to indemnify the Parent or the Company for any interest, penalties and related expenses thereto. 

  
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 10. Definitions. 

“Affiliate” means, as to any Person, any other Person, which directly or indirectly controls, or is under common
control with, or is controlled by, such Person. As used in this definition, “control” (including, with its correlative meanings, “controlled by” and “under common control with”) shall mean possession, directly or
indirectly, of power to direct or cause the direction of management or policies (whether through ownership of securities or partnership or other ownership interests, by contract or otherwise). 

“Cause” means a vote of the Board resolving that Employee should be dismissed as a result of (a) Employee’s
conviction of a felony; (b) Employee engaging in any other act of fraud, intentional misrepresentation, moral turpitude, misappropriation or embezzlement, illegality or unlawful harassment which, as determined by the Board in good faith and in
light of all available facts, would: (i) materially adversely affect the business or the reputation of the Company with its current or prospective customers, suppliers, lenders and/or other third parties with whom the Company does or might do
business; or (ii) expose the Company to a risk of material civil or criminal legal damages, liabilities or penalties; (c) the repeated willful failure by Employee to follow the reasonable directives of the Board in connection with the
business affairs of the Company; (d) any material breach by Employee of this Agreement or material violation of the Company’s policies; or (e) willful and deliberate non-performance of duty by Employee in connection with the business
affairs of the Company, provided, however, in the event of termination based on (c), (d) or (e), Employee will have a period of thirty (30) days after written notice to Employee from the Company to cure the circumstance, if
curable. 
 “Certificate of Incorporation” means the Company’s Certificate of Incorporation as in effect
upon consummation of the Merger, as amended thereafter from time to time. 
 “Confidential
Information” means all information of a confidential or proprietary nature (whether or not specifically labeled or identified as “confidential”), in any form or medium that relates to the Company or its Subsidiaries or their
business relations and their respective business activities. Confidential Information includes, but is not limited to, the following: (a) internal business information (including information relating to strategic and staffing plans and
practices, business, training, marketing, promotional and sales plans and practices, cost, rate and pricing structures and accounting and business methods); (b) information concerning third party businesses received by the Company under
appropriate confidentiality restrictions in connection with prospective acquisitions or strategic combinations; (c) identities and individual requirements of, and specific contractual arrangements with, the Company’s and its
Subsidiaries’ joint venture partners, vendors or customers and other business relations and their confidential information; (d) trade secrets, know-how, compilations of data and analyses, techniques, systems, formulae, research, records,
reports, manuals, documentation, models, data and data bases relating thereto; (e) inventions, innovations, improvements, developments, methods, designs, analyses, drawings, reports and all similar or related information (whether or not
patentable); (f) intellectual property rights; and (g) financial information. 
 “Employee
Shares” means the shares purchased under the Original Agreement. Employee Shares will continue to be Employee Shares in the hands of any holder other than Employee (except for the Parent and except for transferees in a Public Sale), and
except as  

  
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otherwise provided herein, each such other holder of Employee Shares will succeed to all rights and obligations attributable to Employee as a holder of Employee Shares hereunder. Employee Shares
will also include shares of the Parent’s shares issued with respect to Employee Shares by way of a share split, distribution or reorganization or upon conversion of the Parent into a corporation, by way of a stock split, stock dividend or other
recapitalization. Notwithstanding the foregoing, all Unvested Shares shall remain Unvested Shares, subject to the vesting provisions of this Agreement, after any Transfer thereof. 

“Fair Market Value” of each of the Employee Shares means the fair value of such shares as mutually determined
in good faith by the Board and Employee. In the event the parties cannot agree on a fair market value, the fair market value shall be determined by a third party independent valuation consultant mutually agreed upon by the parties with the cost of
such valuation shared equally by the parties. 
 “Good Reason” means that Employee resigns from
employment with the Company after complying with the Good Reason Process because, without Employee’s prior written consent, the Company: (a) reduces Employee’s base salary in any material respect, except for across-the-board salary
reductions not to exceed 10% based on the Company’s financial performance similarly affecting all or substantially all senior management employees of the Company; (b) fails to pay any material incentive compensation to which Employee is
actually entitled under this Agreement; (c) materially breaches any obligation of the Company under this Agreement; (d) makes a material reduction in Employee’s job responsibilities so as to constitute a de facto demotion (other than
a change effected in connection with the integration of the operations of the Company into the operations of an acquirer in connection with a Liquidity Event); (e) removes Employee from the position of Chief Strategy Officer other than in
connection with a Liquidity Event; or (f) relocates Employee’s principal place of work to a location more than 25 miles from the location at the Effective Date, without Employee’s prior written approval. 

“Good Reason Process” means that (a) Employee reasonably determines in good faith that a Good Reason
condition has occurred; (b) Employee notifies the Company in writing of the first occurrence of the Good Reason condition within 90 days of the first occurrence of such condition; (c) Employee cooperates in good faith with the
Company’s efforts, for a period not less than 30 days following such notice to remedy the condition; (d) notwithstanding such efforts, the Good Reason condition continues to exist; and (e) Employee terminates Employee’s
employment within 60 days after the end of the cure period contemplated by clause (c) above. If the Company cures the Good Reason condition during such cure period, Good Reason shall be deemed not to have occurred. 

“Liquidity Event” means (a) any transaction or series of transactions, excluding in each case the issuance
of securities by the Parent in a financing transaction approved by the Board, pursuant to which any person(s) or entity(ies) other than TB and its Affiliates, in the aggregate, acquire(s) shares of the Parent possessing the voting power to elect a
majority of the Parent’s Board (whether by merger, consolidation, reorganization, combination, sale or transfer of the Parent’s shares, securityholder or voting agreement, proxy, power of attorney or otherwise), (b) the sale of all or
substantially all of the Parent’s assets determined on a consolidated basis, whether in a single or a series of transactions, or (c) a Sale of the Company. 

  
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 “Original Cost” means with respect to each share of Common Stock
purchased by the Employee hereunder, the price per share of Common Stock as set forth in Section 1(a) hereof (as proportionately adjusted for all subsequent share or stock splits, stock dividends, reorganizations and other
recapitalizations). 
 “Permanent Disability” means Employee’s inability, because of any physical
or mental injury, illness or incapacity to continue to perform substantially all of the essential functions of his duties and responsibilities under this Agreement notwithstanding the provision of any reasonable accommodations, for up to 180 days
during any 365 consecutive calendar days. 
 “Person” means an individual, a partnership, 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. 

“Public Sale” means any sale pursuant to a registered public offering under the Securities Act or any sale to
the public pursuant to Rule 144 promulgated under the Securities Act effected through a broker, dealer or market maker. 

“Sale of the Company” means any transaction or series of related transactions other than a Public Sale pursuant
to which any person or group of Persons acting in concert (other than TB or an Affiliate of TB), together with such Person’s or group of Persons’ Affiliates, acquire(s) (i) the capital stock of the Parent possessing the voting power
to elect a majority of the Board (whether by merger, consolidation, reorganization, combination, sale or transfer of the Parent’s capital stock, shareholder or voting agreement, proxy, power of attorney or otherwise), (ii) all or
substantially all of the Parent’s assets determined on a consolidated basis, or (iii) fifty percent (50%) or more of the issued and outstanding shares of capital stock of the Company. 

“Securities Act” means the Securities Act of 1933, as amended from time to time. 

“Subsidiary” means any corporation of which the Parent or the Company owns securities having a majority of the
ordinary voting power in electing the board of directors directly or through one or more subsidiaries. 

“TB” means, collectively, Thoma Bravo Fund XI, L.P., a Delaware limited partnership, Thoma Bravo Fund XI-A,
L.P., a Delaware limited partnership and Thoma Bravo Executive Fund XI, L.P. 
 “Transfer” means to
directly or indirectly sell, transfer, assign, pledge or otherwise dispose of or grant any direct or indirect interest in (whether with or without consideration and whether voluntarily or involuntarily or by operation of law) the applicable
property. 
 11. Notices. All notices, demands or other communications to be given or delivered under or by reason of
the provisions of this Agreement shall be in writing and shall be deemed to have been given (a) when delivered personally to the recipient, (b) one day after being sent to the recipient by reputable overnight courier service (charges
prepaid), (c) upon machine-generated acknowledgement of receipt after transmittal by facsimile, (d) upon a confirmation of receipt by return email from the recipient after being sent by email, or (e) five days after being mailed to

  
 13 

 
the recipient by certified or registered mail, return receipt requested and postage prepaid. Such notices, demands and other communications shall be sent to the Company and the Employee at the
address set forth below and to any other recipient or any subsequent holder of Employee Shares subject to this Agreement at such address as indicated by the Company’s records, or at such address or to the attention of such other person as the
recipient party has specified by prior written notice to the sending party. 
 Notices to Employee: 

Addressed to the most recent address of Employee on the Company’s records. 

Notices to the Company: 

SailPoint Technologies, Inc. 

11305 Four Points Drive, Building 2, Suite 100 

Austin, Texas 78726 
 Attention:
General Counsel 
 E-mail: legal@sailpoint.com 

or such other address or to the attention of such other person as the recipient party shall have specified by prior written notice to the sending party. 

12. Expenses. Each party shall bear its or his expenses, including legal fees, arising in connection with the negotiation and
execution of this Agreement and the consummation of the transactions contemplated by this Agreement. 
 13. General
Provisions. 
 (a) Transfers in Violation of Agreement. Any Transfer or attempted Transfer of any Employee
Shares in violation of any provision of this Agreement shall be void, and the Company shall not record such Transfer on its books or treat any purported transferee of such Employee Shares as the owner of such shares for any purpose. 

(b) Severability. Whenever possible, each provision of this Agreement will be interpreted in such manner as to be
effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability
will not affect any other provision or any other jurisdiction, but this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. 

(c) Initial Public Sale. Prior to March 31 of the calendar year following the occurrence of an initial Public Sale,
Employee shall have the opportunity to review the terms of this Agreement with the Company and the Company may amend the terms of this Agreement at such time. 

  
 14 

 (d) Complete Agreement. This Agreement, the Certificate of Incorporation,
the EPIIAA, that certain Restrictive Covenant Agreement entered into by and between Employee and the Company dated September 8, 2014 and those other documents expressly referred to herein and therein embody the complete agreement and
understanding among the parties and supersede and preempt any prior understandings, agreements or representations by or among the parties, written or oral, which may have related to the subject matter hereof in any way. 

(e) Counterparts. This Agreement may be executed in separate counterparts, each of which is deemed to be an original and
all of which taken together constitute one and the same agreement. Signed counterparts of this Agreement may be delivered by facsimile and by scanned pdf image. 

(f) Successors and Assigns. Except as otherwise provided herein, this Agreement shall bind and inure to the benefit of and
be enforceable by Employee, the Company and their respective successors and assigns (including subsequent holders of Employee Shares); provided, however, except as otherwise provided herein, the rights and obligations of Employee under
this Agreement shall not be assignable except in connection with a Permitted Transfer of Employee Shares hereunder. 
 (g)
Choice of Law. All issues and questions concerning the relative rights of the Company and its Stockholders and all other issues and questions concerning the construction, validity and interpretation of this Agreement and the exhibits
hereto will be governed by, and construed in accordance with, the internal laws of the State of Texas, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Texas or any other jurisdiction) that
would cause the application of the laws of any jurisdiction other than the State of Texas. 
 (h) JURISDICTION AND
VENUE. THE PARTIES TO THIS AGREEMENT HEREBY SUBMIT TO THE JURISDICTION OF THE STATE OR FEDERAL COURTS SITTING IN TEXAS AND HEREBY AGREE THAT THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO, AND ANY CLAIMS OR DISPUTES
RELATING THERETO, SHALL BE ENFORCEABLE EXCLUSIVELY IN SUCH COURTS. EACH PARTY AGREES THAT ALL CLAIMS IN RESPECT OF THE ACTION OR PROCEEDING MAY BE HEARD IN SUCH COURT. EACH PARTY ALSO AGREES NOT TO BRING ANY ACTION OR PROCEEDING ARISING OR OUT OF OR
RELATING TO THIS AGREEMENT IN ANY OTHER COURT. EACH OF THE PARTIES WAIVES ANY DEFENSE OF INCONVENIENT FORUM TO THE MAINTENANCE OF ANY ACTION OR PROCEEDING SO BROUGHT AND WAIVES ANY BOND SURETY OR OTHER SECURITY THAT MIGHT BE REQUIRED OF ANY OTHER
PARTY WITH RESPECT THERETO. 
 (i) WAIVER OF JURY TRIAL. THE PARTIES HEREBY WAIVE ANY AND ALL RIGHT TO TRIAL BY
JURY IN ANY ACTION, PROCEEDING, CLAIM OR COUNTERCLAIM, WHETHER IN CONTRACT OR TORT, AT LAW OR IN EQUITY, ARISING OUT OF OR IN ANY WAY RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

  
 15 

 (j) Remedies. Each of the parties to this Agreement will be entitled to
enforce its rights under this Agreement specifically, to recover damages and costs (including attorney’s fees) caused by any breach of any provision of this Agreement and to exercise all other rights existing in its favor. The parties hereto
agree and acknowledge that money damages may not be an adequate remedy for any breach of the provisions of this Agreement and that any party may in its sole discretion apply to any court of law or equity of competent jurisdiction (without posting
any bond or deposit) for specific performance and/or other injunctive relief in order to enforce or prevent any violations of the provisions of this Agreement. 

(k) Amendment and Waiver. The provisions of this Agreement may be amended and waived only with the prior written consent
of the Company and Employee. 
 (l) Business Days. If any time period for giving notice or taking action
hereunder expires on a day which is a Saturday, Sunday or holiday in the state in which the Company’s chief executive office is located, the time period shall be automatically extended to the business day immediately following such Saturday,
Sunday or holiday. 
 (m) Termination. Except as otherwise provided herein, this Agreement shall survive the
Termination of Employee’s employment with the Company and shall remain in full force and effect after such Termination. 

(n) No Strict Construction. The parties hereto have participated jointly in the negotiation and drafting of this
Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party
by virtue of the authorship of any of the provisions of this Agreement. 
 (o) Descriptive Headings;
Interpretation. The descriptive headings of this Agreement are inserted for convenience only and do not constitute a part of this Agreement. The use of the word “including” in this Agreement shall be by way of example rather than
by limitation. 
 * * * * * * * 

[This Space Left Intentionally Blank] 

  
 16 

 IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated Senior Management
and Restricted Stock Agreement as of the date first written above. 
  

			
	PARENT:
	
	SAILPOINT TECHNOLOGIES HOLDINGS, INC.

 
			
		
	By:	 	 /s/ James C. McMartin

	Name:	 	James C. McMartin
	Title:	 	CFO

 
			
	
	COMPANY:
	
	SAILPOINT TECHNOLOGIES, INC.

 
			
		
	By:	 	 /s/ James C. McMartin

	Name:	 	James C. McMartin
	Title:	 	CFO

 
			
	
	EMPLOYEE:
	
	 /s/ Kevin Cunningham

	Kevin Cunningham

 [Signature Page to Amended and Restated Senior Management and Restricted Stock Agreement]

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