Document:

EX-4.3

 Exhibit 4.3 
 RINGCENTRAL, INC. 
 FOURTH AMENDED INVESTOR RIGHTS AGREEMENT

 November 23, 2012 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 1.      Registration Rights
	  	 	1	  
	 1.1    Definitions
	  	 	1	  
	 1.2    Request for Registration
	  	 	3	  
	 1.3    Company Registration
	  	 	4	  
	 1.4    Form S-3 Registration
	  	 	6	  
	 1.5    Obligations of the Company
	  	 	7	  
	 1.6    Expenses of Registration
	  	 	8	  
	 1.7    Delay of Registration
	  	 	8	  
	 1.8    Indemnification
	  	 	8	  
	 1.9    Reports Under the 1934 Act
	  	 	10	  
	 1.10 Assignment of Registration Rights
	  	 	11	  
	 1.11 Limitations on Subsequent Registration Rights
	  	 	11	  
	 1.12 Market Stand-off Agreement
	  	 	11	  
	 1.13 Termination of Registration Rights
	  	 	12	  
		
	 2.      Covenants
	  	 	12	  
	 2.1    Delivery of Financial Statements
	  	 	12	  
	 2.2    Budget and Operating Plan
	  	 	13	  
	 2.3    Inspection
	  	 	13	  
	 2.4    Right of First Offer
	  	 	13	  
	 2.5    Books and Records
	  	 	14	  
	 2.6    Director and Officer Insurance
	  	 	14	  
	 2.7    Excluded Opportunity
	  	 	15	  
	 2.8    Termination of Covenants
	  	 	15	  
		
	 3.      Miscellaneous
	  	 	15	  
	 3.1    Legend
	  	 	15	  
	 3.2    Successors and Assigns
	  	 	16	  
	 3.3    Governing Law
	  	 	16	  
	 3.4    Counterparts
	  	 	16	  
	 3.5    Titles and Subtitles
	  	 	16	  
	 3.6    Notices
	  	 	16	  
	 3.7    Entire Agreement; Amendments and Waivers
	  	 	16	  
	 3.8    Severability
	  	 	17	  
	 3.9    Aggregation of Stock
	  	 	17	  
	 3.10 Expenses
	  	 	17	  
	 3.11 Arbitration
	  	 	17	  
		
	 SCHEDULE A Investor Schedule
	  			

  
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 RINGCENTRAL, INC. 

FOURTH AMENDED INVESTOR RIGHTS AGREEMENT 

This Fourth Amended Investor Rights Agreement (this “Agreement”) is made as of the 23rd day of November, 2012, by and among RingCentral, Inc., a California
corporation (the “Company”) and the investors listed on Schedule A hereto (the “Investors”). 
 RECITALS 
 WHEREAS, certain of the Investors (the “Prior
Investors”) are holders of the Company’s Series A Preferred Stock (the “Series A Preferred”), the Company’s Series B Preferred Stock (the “Series B Preferred”), the
Company’s Series C Preferred Stock (the “Series C Preferred”) and the Company’s Series D Preferred Stock (the “Series D Preferred”) and have previously entered into the Third Amended Investor Rights
Agreement dated August 12, 2011 by and between the Company and the Prior Investors, as amended (the “Prior Agreement”); 
 WHEREAS, the Company and certain of the Investors (the “Series E Investors”) intend to execute a Series E Preferred Stock Purchase Agreement of even date herewith (the
“Purchase Agreement”) pursuant to which the Series E Investors intend to purchase and the Company intends to sell shares of the Company’s Series E Preferred Stock (the “Series E Preferred”);

 WHEREAS, the amendment and restatement of the Prior Agreement and the execution of this Agreement is a condition of the
Company’s and the Investors’ mutual obligations at the Closing (as defined in the Purchase Agreement); 
 WHEREAS, in
order to induce the Series E Investors to invest funds in the Company pursuant to the Purchase Agreement, the Investors and the Company hereby agree that this Agreement shall govern the rights of the Investors to cause the Company to register
shares of Common Stock issuable or issued to them and certain other matters as set forth herein; and 
 WHEREAS, the parties
contemplate that this Agreement may be modified in the future to admit new investors in future Company financings as parties hereto; 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties hereby agree as follows: 
 AGREEMENT 

 

	1.	Registration Rights 

  

	 	1.1	Definitions 

 For
purposes of this Agreement: 
 (a) The term “Affiliate” shall have the meaning as defined by Rule 405 of the
Securities Act. 
 (b) The term “Securities Act” means the Securities Act of 1933, as amended. 

 (c) The term “Form S-3” means such form under the Securities Act as in
effect on the date hereof or any successor or similar registration form under the Securities Act subsequently adopted by the SEC that permits inclusion or incorporation of substantial information by reference to other documents filed by the Company
with the SEC. 
 (d) The term “Holder” means any person or Affiliate of such person owning of record or having
the right to acquire Registrable Securities that have not been sold to the public or any assignee of record thereof to whom registration rights are assigned in accordance with Section 1.10 hereof; provided, however, that for the
purposes of Section 1.2 TriplePoint Capital LLC shall not be deemed a Holder. 
 (e) The term “Initial
Offering” means the Company’s first firm commitment underwritten public offering of its Common Stock registered under the Securities Act. 
 (f) The term “1934 Act” means the Securities Exchange Act of 1934, as amended. 
 (g) The term “Series Preferred” means, collectively, the Series A Preferred Stock, the Series B Preferred Stock, the Series C Preferred Stock, the Series D Preferred Stock
and the Series E Preferred Stock. 
 (h) The term “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 effectiveness of such registration statement or document.

 (i) The term “Registrable Securities” means (i) the Common Stock issuable or issued upon conversion of
any outstanding shares of any series of Series Preferred; (ii) any Common Stock, or any Common Stock issued or issuable (directly or indirectly) upon conversion and/or exercise of any other securities of the Company, held by the Investors
(or any Affiliates of the Investors) or acquired by the Investors (or any Affiliates of the Investors) after the date hereof; (iii) any Common Stock issued or issuable (directly or indirectly) upon exercise of any warrants held by TriplePoint
Capital LLC or its affiliates for purposes of Sections 1.1, 1.3 through 1.13 and 3 (in all other cases only to the extent related to a registration pursuant to Sections 1.3 and 1.4 of the Agreement; provided, however, that obligations
of TriplePoint Capital LLC under Section 1.12 of the Agreement exist independently of any registration under Sections 1.3 and 1.4 of the Agreement); (iv) any Common Stock issued or issuable (directly or indirectly) upon exercise of any
warrants held by Silicon Valley Bank or its affiliates for purposes of Sections 1.1, 1.2 through 1.13 and 3 (in all other cases only to the extent related to a registration pursuant to Sections 1.2 through 1.4 of the Agreement; provided,
however, that obligations of Silicon Valley Bank under Section 1.12 of the Agreement exist independently of any registration under Sections 1.2 through 1.4 of the Agreement); and (v) any Common Stock of the Company issued as (or
issuable upon the conversion or exercise of any warrant, right or other security that is issued as) a dividend or other distribution with respect to, or in exchange for, or in replacement of, the shares referenced in (i), (ii), (iii) or
(iv) above, provided, however, that the foregoing definition shall exclude in all cases any Registrable Securities sold by a person in a transaction in which his, her or its rights under this Agreement are not assigned. In
addition, 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, including sales made pursuant to Rule 144 promulgated under the Securities Act, or (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, if any, are removed upon the consummation of such sale. The number of shares of Registrable Securities deemed to be outstanding at any given time shall be the
sum of the number of shares of Common Stock outstanding that are Registrable Securities plus the number of shares of Common Stock issuable pursuant to then exercisable stock options or any outstanding shares of any series of Series Preferred or
other convertible securities that are Registrable Securities hereunder. 

  
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 (j) The term means “Registration Expenses” shall mean all expenses incurred
by the Company in complying with Sections 1.2, 1.3 and 1.4 hereof, including, without limitation, all registration and filing fees, printing expenses, fees and disbursements of counsel for the Company, reasonable fees and disbursements of a
single special counsel for the Holders, 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). 
 (k) The term “SEC” shall mean the Securities and Exchange Commission. 

 

	 	1.2	Request for Registration 

 (a) Subject to the conditions of this Section 1.2, if the Company shall at any time after the earlier of (i) the three (3) year anniversary of this Agreement, or (ii) the sixth
(6th) month anniversary of the effective date of the
Initial Offering, receive a written request from the Holders of at least a majority of the Registrable Securities then outstanding (the “Initiating Holders”) (or a lesser percent if the anticipated aggregate offering price, net of
underwriting discounts and commissions, would exceed $20,000,000 (a “Qualified Public Offering”)) that the Company file a registration statement under the Securities Act covering the offer and sale of Registrable Securities, then
the Company shall, promptly but not later than twenty (20) days after the receipt thereof, give written notice of such request to all Holders, and subject to the limitations of this Section 1.2, use all reasonable efforts to effect, as
soon as practicable, the registration under the Securities Act of all Registrable Securities that the Holders request to be registered in a written request received by the Company within twenty (20) days of the mailing of the Company’s
notice pursuant to this Section 1.2(a). 
 (b) If the Initiating Holders intend to distribute the Registrable Securities
covered by their request by means of an underwriting, they shall so advise the Company as a part of their request and the Company shall include such information in the written notice referred to in Section 1.2(a). In such event the right of any
Holder to include its Registrable Securities in such registration 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. All Holders proposing to distribute their securities through such underwriting shall (and the Company, if applicable) enter into an underwriting agreement in customary form with the underwriter or underwriters selected for such
underwriting by the Holders of a majority of the Registrable Securities held by all Initiating Holders (which underwriter or underwriters shall be reasonably acceptable to the Company). Notwithstanding any other provision of this Section 1.2,
if the underwriter advises the Company that marketing factors require a limitation of the number of securities underwritten (including Registrable Securities), then the Company shall so advise all Holders of Registrable Securities that would
otherwise be underwritten pursuant hereto, and the number of shares that may be included in the underwriting shall be allocated to the Holders of such Registrable Securities on a pro rata basis based on the number of Registrable Securities held by
all such Holders (including the Initiating Holders), provided, however, that the number of shares of Registrable Securities to be included in such underwriting and registration shall not be reduced unless all other securities are first
entirely excluded from the underwriting and registration; Any Registrable Securities excluded or withdrawn from such underwriting shall be withdrawn from the registration. 

  
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 (c) The Company shall not be required to effect a registration pursuant to this
Section 1.2: 
 (1) in any particular jurisdiction in which the Company would be required to execute a general consent to
service of process in effecting such registration, unless the Company is already subject to service in such jurisdiction, and except as may be required under the Securities Act; or 

(2) upon the expiration of the restrictions on transfer set forth in Section 1.12 following the Initial Offering; 

(3) after the Company has effected two (2) registrations pursuant to this Section 1.2, and such registration has been declared
or ordered effective; or 
 (4) if within thirty (30) days of receipt of a written request from Initiating Holders
pursuant to Section 1.2(a), the Company gives notice to the Holders of the Company’s good faith intention to file a registration statement for the Company’s Initial Offering within ninety (90) days, provided that the Company is
actively employing in good faith all reasonable efforts to cause such registration statement to become effective; or 
 (5) if
the Initiating Holders propose to dispose of Registrable Securities that may be immediately registered on 
Form S-3 pursuant to a request made pursuant to Section 1.4 hereof; or 

(6) if the Company shall furnish to Holders requesting a registration statement pursuant to this Section 1.2, a certificate signed
by the Company’s Chief Executive Officer or Chairman of the Board stating that in the good faith judgment of the Board of Directors of the Company, it would be seriously detrimental to the Company and its shareholders for such registration
statement to be effected at such time, in which event the Company shall have the right to defer such filing for a period of not more than one hundred twenty (120) days after receipt of the request of the Initiating Holders, provided that such
right to delay a request shall be exercised by the Company not more than once in any twelve-month (12) period, and provided, further, that the Company shall not register any securities for the account of itself or any other
shareholder during such one hundred twenty (120) day period (other than a registration relating solely to the sale of securities of participants in a Company stock plan, a registration relating to a corporate reorganization or transaction under
Rule 145 of the Act, a registration on any form that does not include substantially the same information as would be required to be included in a registration statement covering the sale of the Registrable Securities, or a registration in which
the only Common Stock being registered is Common Stock issuable upon conversion of debt securities that are also being registered). 
  

	 	1.3	Company Registration 

 (a) If the Company proposes to register (including for this purpose a registration initiated by the Company for shareholders other than the Holders) any of its stock or other securities under the
Securities Act in connection with the Initial Offering for cash of such securities (other than a registration relating solely to the sale of securities to participants in a Company stock plan, a registration relating to a corporate reorganization or
other transaction under Rule 145 of the Act, a registration on any form that does not include substantially the same information as would be required to be included in a registration statement covering the sale of the Registrable Securities, or
a registration in which the only Common Stock being registered is Common Stock issuable upon conversion of debt securities that are also being registered), the Company shall, at such time, notify each Holder in writing at least forty-five
(45) days prior to such registration. Upon the written request of each Holder given within fifteen (15) days after delivery of such notice by the Company in accordance with Section 3.6, the Company shall, subject to the provisions of
Section 1.3(c), use all reasonable efforts to cause to be registered under the Securities Act all of the Registrable Securities that each such Holder has requested to be registered. 

  
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 Each Holder’s written request shall state the number of Registrable Securities such
Holder wishes to include in such registration statement. Holders that do not elect to participate in any registration and underwriting under this Section 1.3 shall nevertheless continue to have the right to include any Registrable Securities in
subsequent registrations and underwritings to which this Section 1.3 is applicable. 
 (b) Right to Terminate
Registration. The Company shall have the right to terminate or withdraw any registration initiated by it under this Section 1.3 prior to the effectiveness of such registration whether or not any Holder has elected to include securities
in such registration, and shall promptly notify any Holder that has elected to include shares in such registration of such termination or withdrawal. The Registration Expenses of such withdrawn registration shall be borne by the Company in
accordance with Section 1.6 hereof. 
 (c) Underwriting Requirements. The Company shall not be required to
include in any registration and underwriting to which this Section 1.3 is applicable, the Registrable Securities of any Holder that fails to execute the underwriting agreement entered into between the Company and the underwriter or underwriters
selected by it. In addition, the Company shall be required to include in the offering only that number of Registrable Securities that the underwriters determine in good faith will not jeopardize the success of the offering (the securities so
included to be apportioned pro rata among the selling Holders according to the total amount of securities entitled to be included therein owned by each selling Holder or in such other proportions as shall mutually be agreed to by such selling
Holders), but in no event shall (i) the amount of securities of the selling Holders included in the registration be reduced below thirty percent (30%) of the total amount of securities included in such registration, unless such offering is
the Initial Offering of the Company’s securities and such registration does not include shares of any other selling shareholders, in which case the selling Holders may be completely excluded if the underwriters make the determination described
above and no other shareholder’s securities are included, or (ii) the number of shares of Registrable Securities to be included in such underwriting be reduced unless all other securities (other than those of the Company) are first
entirely excluded from the underwriting. In no event will shares of any other selling shareholders be included in such registration that would reduce the number of shares which may be included by Holders without the written consent of Holders of not
less than a majority of the Registrable Securities proposed to be sold in the offering. If any Holder disapproves of the terms of any such underwriting, such Holder may elect to withdraw therefrom by written notice to the Company and the
underwriter, delivered at least ten (10) business days prior to the effective date of the registration statement. Any Registrable Securities excluded or withdrawn from such underwriting shall be excluded and withdrawn from the registration. For
purposes of the preceding parenthetical concerning apportionment, for any selling shareholder that is a Holder of Registrable Securities and that is a venture capital fund, partnership, limited liability company or corporation, the affiliated
venture capital funds, partners, retired partners, members, former members, and shareholders of such Holder, or the estates and family members of any such partners, retired partners, members, former members, and any trusts for the benefit of any of
the foregoing persons shall be deemed to be a single “selling Holder,” and any pro rata reduction with respect to such “selling Holder” shall be based upon the aggregate amount of Registrable Securities owned of record by all
such related entities and individuals. 
 (d) No Demand Registration. Registration pursuant to this
Section 1.3 shall not be deemed to be a request for registration as described in Section 1.2 above. Except as otherwise provided herein, there shall be no limit on the number of times the Holders may request registration of Registrable
Securities under this Section 1.3. 

  
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	 	1.4	Form S-3 Registration 

 In case the Company shall receive from a Holder holding at least $1,000,000 of the Registrable Securities a written request or requests that the Company effect a registration on Form S-3 and any related
qualification or compliance with respect to all or a part of the Registrable Securities owned by such Holder or Holders, the Company shall: 
 (a) promptly give written notice of the proposed registration, and any related qualification or compliance, to all other Holders of Registrable Securities; and 

(b) as soon as reasonably practicable, effect such registration and all such qualifications and compliances as may be so requested and as
would permit or facilitate the sale and distribution of all or such portion of such Holders’ Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities of any other Holder or Holders
joining in such request as are specified in a written request given within fifteen (15) days after receipt of such written notice from the Company, provided, however, that the Company shall not be obligated to effect any such
registration, qualification or compliance, pursuant to this Section 1.4: 
 (1) if Form S-3 is not available for use by
the Company with respect to such offering by the Holders; 
 (2) if the Holders, together with the holders of any other
securities of the Company entitled to inclusion in such registration, propose to sell Registrable Securities and such other securities (if any) at an aggregate price to the public of less than $1,000,000; 

(3) if the Company shall furnish to the Holders a certificate signed by the Chief Executive Officer or Chairman of the Board of the
Company stating that in the good faith judgment of the Board of Directors of the Company, it would be detrimental to the Company and its shareholders for such Form S-3 Registration to be effected at such time, in which event the Company shall have
the right to defer the filing of the Form S-3 registration statement for a period of not more than one hundred twenty (120) days after receipt of the request of the Holder or Holders under this Section 1.4, provided, however,
that the Company shall not utilize this right more than once in any twelve (12) month period and provided, further, that the Company shall not register any securities for the account of itself or any other shareholder during such
one hundred twenty (120) day period (other than a registration relating solely to the sale of securities of participants in a Company stock plan, a registration relating to a corporate reorganization or transaction under Rule 145 of the
Act, a registration on any form that does not include substantially the same information as would be required to be included in a registration statement covering the sale of the Registrable Securities, or a registration in which the only Common
Stock being registered is Common Stock issuable upon conversion of debt securities that are also being registered); 
 (4) if
the Company has already effected two (2) registrations on Form S-3 for the Holders pursuant to this Section 1.4 within the immediately preceding twelve (12) month period; or 

(5) in any particular jurisdiction in which the Company would be required to qualify to do business or to execute a general consent to
service of process in effecting such registration, qualification or compliance. 
 (c) If the Initiating Holders intend to
distribute the Registrable Securities covered by their request by means of an underwriting, they shall so advise the Company as a part of their request made pursuant to this Section 1.4 and the Company shall include such information in the
written notice referred to in Section 1.4(a). The provisions of Section 1.2(b) shall be applicable to such request (with the substitution of Section 1.4 for references to Section 1.2). 

  
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 (d) Subject to the foregoing, the Company shall file a Form S-3 registration statement
covering the Registrable Securities and other securities so requested to be registered as soon as practicable after receipt of the request or requests of the Holders. Registrations effected pursuant to this Section 1.4 shall not be counted as
demands for registration or registrations effected pursuant to Section 1.2. Except as otherwise provided herein, there shall be no limit on the number of times the Holders may request registration of Registrable Securities under this
Section 1.4. All Registration Expenses incurred in connection with registrations requested pursuant to this Section 1.4 after the first two (2) registrations shall be paid by the selling Holders pro rata in proportion to the number of
shares to be sold by each such Holder in any such registration. 
  

	 	1.5	Obligations of the Company 

 Whenever required under this Section 1 to effect the registration of any Registrable Securities, the Company shall, as expeditiously as reasonably possible: 

(a) prepare and file with the SEC a registration statement with respect to such Registrable Securities and use all reasonable efforts to
cause such registration statement to become effective, and, upon the request of the Holders of a majority of the Registrable Securities registered thereunder, keep such registration statement effective for a period of up to one hundred twenty
(120) days or, if earlier, until the distribution contemplated in the Registration Statement has been completed; 
 (b)
prepare and file with the SEC such amendments and supplements to such registration statement and the prospectus used in connection with such registration statement as may be necessary or advisable to comply with the provisions of the Securities Act
with respect to the disposition of all securities covered by such registration statement for the period set forth in paragraph (a) above; 
 (c) furnish to the Holders such number of copies of a prospectus, including a preliminary prospectus, in conformity with the requirements of the Securities Act, and such other documents as they may
reasonably request in order to facilitate the disposition of Registrable Securities owned by them; 
 (d) use 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; 
 (e) in the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and customary form, with the managing underwriter of such offering;

 (f) notify each Holder 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 or 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 in the light of the circumstances then existing. The Company will amend or supplement such prospectus in order to cause such
prospectus not to include any 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 in the light of the circumstances then existing; 

  
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 (g) cause all such Registrable Securities registered pursuant to this Agreement to be listed
on each securities exchange and/or quoted on each broker-dealer network on which similar securities issued by the Company are then listed and/or quoted; 
 (h) provide a transfer agent and registrar for all Registrable Securities registered pursuant to this Agreement and a CUSIP number for all such Registrable Securities, in each case not later than the
effective date of such registration; and 
 (i) use its best efforts to furnish 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, (x) an opinion, dated as of 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 (y) a letter dated as of 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. 
  

	 	1.6	Expenses of Registration 

 Subject
to the Holders obligation under Section 1.4(d) to pay the Registration Expenses after the first two (2) registrations effected under Section 1.4, all Registration Expenses shall be borne by the Company. Notwithstanding the foregoing,
the Company shall not be required to pay for any expenses of any registration proceeding begun pursuant to Section 1.2 or Section 1.4 if the registration request is subsequently withdrawn at the request of the Holders of a majority of the
Registrable Securities to be registered (in which case all participating Holders shall bear such expenses pro rata based upon the number of Registrable Securities that were to be requested in the withdrawn registration), unless (a) such
withdrawal is based upon a material adverse change in the condition, business or prospects of the Company of which the Holders were not aware at the time of their request and have withdrawn the request with reasonable promptness following disclosure
by the Company of such material adverse change or (b) the Holders of a majority of Registrable Securities agree to deem such registration to have been effected as of the date of such withdrawal for purposes of determining whether the Company
shall be obligated pursuant to Section 1.2(c) or 1.4(d), as applicable, to undertake any subsequent registration, in which event such right shall be forfeited by all Holders, then the Holders shall not be required to pay any of such
Registration Expenses and shall retain their rights pursuant to Section 1.2. 
  

	 	1.7	Delay of Registration 

 No Holder
shall have any right to obtain or seek an injunction restraining or otherwise delaying any such registration as the result of any controversy that might arise with respect to the interpretation or implementation of any provision of this
Section 1. 
  

	 	1.8	Indemnification 

In the event any Registrable Securities are included in a registration statement under this Section 1: 

(a) To the extent permitted by law, the Company will indemnify and hold harmless each Holder, the partners, members, officers and
directors of each Holder, any underwriter (as defined in the Securities Act) for such Holder and each person, if any, who controls such Holder or underwriter 

  
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within the meaning of the Securities Act or the 1934 Act, against any losses, claims, damages or liabilities (joint or several) to which they may become subject under the Securities Act, the 1934
Act, any state securities laws or any rule or regulation promulgated under the Securities Act, insofar as such losses, claims, damages, or liabilities (or actions in respect thereof) arise out of or are based upon any of the following statements,
omissions or violations (collectively a “Violation”) by the Company: (i) any untrue statement or alleged untrue statement of a material fact contained in such registration statement or incorporated by reference therein,
including any preliminary prospectus or final prospectus contained therein, and any amendments, supplements or exhibits thereto, (ii) the omission or alleged omission to state therein a material fact required to be stated therein, or necessary
to make the statements therein not misleading, or (iii) any violation or alleged violation by the Company of the Securities Act, the 1934 Act, any state securities laws or any rule or regulation promulgated under the Securities Act, the 1934
Act or any state securities laws, and the Company will reimburse each such Holder, partner, member, officer, director, underwriter or controlling person for any legal or other expenses reasonably incurred by them in connection with investigating or
defending any such loss, claim, damage, liability or action as such expenses are incurred, provided, however, that the indemnity agreement contained in this Section l.8(a) 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), nor shall the Company be liable to a Holder in any such case for any such loss, claim,
damage, liability or action to the extent that it arises out of or is based upon a Violation that occurs in reliance upon and in conformity with written information furnished expressly for use in connection with such registration by such Holder,
partner, member, officer, director, underwriter or controlling person or other aforementioned person. 
 (b) To the extent
permitted by law, each selling Holder will severally but not jointly, if Registrable Securities held by such Holder are included in the securities as to which such registration qualifications or compliance is being effected, indemnify and hold
harmless the Company, each of its directors, each of its officers, each person, if any, who controls the Company within the meaning of the Securities Act, any underwriter and any other Holder selling securities in such registration statement and any
of such other Holder’s partners, directors or officers or any person who controls such Holder, against any losses, claims, damages or liabilities to which the Company or any such director, officer, controlling person, underwriter or other such
Holder, or partner, director, officer or controlling person of such other Holder may become subject, under the Securities Act, the 1934 Act, any state securities laws or any rule or regulation promulgated under the Securities Act, insofar as such
losses, claims, damages or liabilities (or actions in respect thereto) arise out of or are based upon a Violation, in each case to the extent (and only to the extent) that such Violation occurs in reliance upon and in conformity with written
information furnished by such Holder under an instrument duly executed by such Holder and stated to be specifically for use in connection with such registration, and each such Holder will reimburse any legal or other expenses reasonably incurred by
the Company or any such director, officer, controlling person, underwriter or other Holder, or partner, officer, director or controlling person of such other Holder in connection with investigating or defending any such loss, claim, damage,
liability or action if it is judicially determined that there was such a Violation; provided, however, that the indemnity agreement contained in this Section 1.8(b) 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 Holder (which consent shall not be unreasonably withheld), and in no event shall any indemnity under this Section l.8(b) exceed the net proceeds from
the offering received by such Holder. 
 (c) Promptly after receipt by an indemnified party under this Section 1.8 of
notice of the commencement of any action (including any governmental action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 1.8, deliver to the indemnifying party a
written notice of the commencement thereof and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other 

  
 -9-

 
indemnifying party similarly noticed, to assume the defense thereof with counsel mutually satisfactory to the parties, provided, however, that an indemnified party (together with
all other indemnified parties that may be represented without conflict by one counsel) shall have the right to retain one separate counsel, with the fees and expenses to be paid by the indemnifying party, if representation of such indemnified party
by the counsel retained by the indemnifying party would be inappropriate due to actual or potential differing interests between such indemnified party and any other party represented by such counsel in such proceeding. The failure to deliver written
notice to the indemnifying party within a reasonable time of the commencement of any such action, if prejudicial to its ability to defend such action, shall relieve such indemnifying party of any liability to the indemnified party under this
Section 1.8, but the omission so to deliver written notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this Section 1.8. 

(d) If the indemnification provided for in this Section 1.8 is held by a court of competent jurisdiction to be unavailable to an
indemnified party with respect to any loss, liability, claim, damage or expense referred to herein, 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 loss, liability, claim, damage or expense in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and of the indemnified party on the other in connection with
the Violation that resulted in such loss, liability, claim, damage or expense, as well as any other relevant equitable considerations, provided, however, that no contribution from any Holder, when combined with any amounts paid by such
Holder pursuant to Section 1.8(b), shall exceed the net proceeds from the offering received by such Holder. The relative fault of the indemnifying party and of the indemnified party shall be determined by a court of law 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 relates 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. 
 (e) 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 that no conflict exists if the underwriting agreement is silent with respect to any term or provision contained herein. 
 (f) The obligations of the Company and Holders under this Section 1.8 shall survive the completion of any offering of Registrable Securities in a registration statement under this Section 1, and
otherwise. 
  

	 	1.9	Reports Under the 1934 Act 

 With a view to making available to the Holders the benefits of certain rules and regulations of the SEC that may at any time permit a Holder to sell securities of the Company to the public without
registration or pursuant to a registration on Form S-3, the Company agrees to: 
 (a) make and keep public information
available, as those terms are understood and defined in SEC Rule 144 or any successor rule promulgated under the Securities Act (“Rule 144”), at all times after the effective date of the Initial Offering of the
Company’s equity securities, 
 (b) file with the SEC in a timely manner all reports and other documents required of the
Company under the Securities Act and the 1934 Act; and 

  
 -10-

 (c) furnish to any Holder, so long as the Holder owns any Registrable Securities, forthwith
upon request (i) a written statement by the Company that it has complied with the reporting requirements of Rule 144 (at any time after ninety (90) days after the effective date of the first registration statement filed by the
Company), the Securities Act and the 1934 Act (at any time after it has become subject to such reporting requirements), or that it qualifies as a registrant whose securities may be resold pursuant to Form S-3 (at any time after it so qualifies),
(ii) a copy of the most recent annual or quarterly report of the Company filed with the SEC and such other reports and documents so filed by the Company, and (iii) such other information as may be reasonably requested in availing any
Holder of any rule or regulation of the SEC that permits the selling of any such securities without registration or pursuant to such form. 
  

	 	1.10	Assignment of Registration Rights 

 The rights to cause the Company to register Registrable Securities pursuant to this Section 1 may be assigned (but only with all related obligations) by a Holder to a transferee or assignee of such
securities that (i) is a subsidiary, partner, general partner, limited partner or retired partner of a Holder that is a corporation, partnership or a limited liability company, (ii) is a member or retired member of any Holder that is a
limited liability company, (iii) is a spouse, sibling, lineal descendant or ancestor of a Holder, or any trust established for the benefit of a Holder or any spouse, sibling, lineal descendant or ancestor of a Holder, (iv) is an Affiliate
of the Holder or (v) after such assignment or transfer, holds at least twenty percent (20%) of the Registrable Securities originally held by the transferring Holder, provided: (a) the Company is, within a reasonable time after such
transfer, furnished with written notice of the name and address of such transferee or assignee and the securities with respect to which such registration rights are being assigned, (b) such transferee or assignee agrees in writing to be bound
by and subject to the terms and conditions of this Agreement, including without limitation the provisions of Section 1.12 below, and (c) such assignment shall be effective only if immediately following such transfer the further disposition
of such securities by the transferee or assignee is restricted under the Securities Act. 
  

	 	1.11	Limitations on Subsequent Registration Rights 

 From and after the date of this Agreement, the Company shall not, without the prior written consent of the Holders of a majority of the Registrable Securities (excluding any of such shares held by any
Holders whose rights to request registration or inclusion in any registration pursuant to this Section 1 have terminated in accordance with Section 1.13), enter into any agreement with any holder or prospective holder of any securities of
the Company that would allow such holder or prospective holder: (a) to include such securities in any registration filed under Section 1.2, Section 1.3 or Section 1.4 hereof, unless under the terms of such agreement, such holder
or prospective holder may include such securities in any such registration only to the extent that the inclusion of such securities will not reduce the amount of the Registrable Securities of the Holders that are included, or (b) to demand
registration of their securities, or (c) to exercise other registration rights that are pari passu or senior to those granted to the Holders hereunder. 
  

	 	1.12	Market Stand-off Agreement 

 Each Holder hereby agrees that it will not, without the prior written consent of the managing underwriter, during the period commencing on the date of the final prospectus relating to the Company’s
Initial Offering and ending on the date specified by the Company and the managing underwriter (such period not to exceed one hundred and eighty (180) days) following the effective date of the registration statement for such Initial Offering, if
so required by the underwriters of such Initial Offering, (i) lend, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract 

  
 -11-

 
to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable
or exchangeable for Common Stock (whether such shares or any such securities are then owned by the Holder or are thereafter acquired), or (ii) enter into any swap, hedging or other arrangement that transfers to another, in whole or in part, any
of the economic consequences of ownership of the Common Stock, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise. The foregoing
provisions of this Section 1.12 shall not apply to the sale of any shares to an underwriter pursuant to an underwriting agreement, and shall only be applicable to the Holders if all officers, directors and holders of at least one percent
(1%) of the Company’s voting securities enter into similar agreements or arrangements. The underwriters in connection with the Initial Offering are intended third party beneficiaries of this Section 1.12 and shall have the right,
power and authority to enforce the provisions hereof as though they were a party hereto. In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to the Registrable Securities of each Holder (and the
shares or securities of every other person subject to the foregoing restriction) until the end of such period. 
  

	 	1.13	Termination of Registration Rights 

The Company shall have no obligations provided in this Section 1 with respect to (a) any request or requests for registration made by any Holder
on a date more than five (5) years following the effective date as declared by the SEC of a Qualified IPO (as defined in Section 3(b) of Division (B) of Article IV of the Company’s Sixth Amended and Restated Articles of
Incorporation, as may be amended, (the “Restated Articles”), provided that the Company has been in compliance with its obligations under this Section 1 all times prior thereto, or (b) any Registrable Securities proposed to
be sold by a Holder in a registration pursuant to this Section 1 if all such Registrable Securities proposed to be sold by such Holder may then in the written opinion of outside counsel to the Company (reasonably acceptable to the Holder) be
sold in a 90-day period without registration under the Securities Act without restriction pursuant to Rule 144 under the Securities Act. 
  

	2.	Covenants 

 The
Company hereby covenants to each Investor who, individually or together with such Investor’s Affiliates holds at least one million (1,000,000) shares of Registrable Securities (a “Major Investor”) as follows: 

 

	 	2.1	Delivery of Financial Statements 

 The Company shall deliver to each Major Investor and to RU-NET Technology Capital LLC: 
 (a) as soon as practicable, but in any event within one hundred twenty (120) days after the end of each fiscal year of the Company, an audited income statement for such fiscal year, a balance sheet
of the Company and statement of shareholder’s equity as of the end of such year, and a statement of cash flows for such year, such year-end financial reports to be in reasonable detail, prepared in accordance with generally accepted accounting
principles (“GAAP”) by a certified public accounting firm of national standing; 
 (b) as soon as practicable,
but in any event within forty-five (45) days after the end of each of the first three (3) quarters of each fiscal year of the Company, an unaudited income statement, statement of cash flows for such fiscal quarter and a balance sheet as of
the end of such fiscal quarter, each of the foregoing income statement, statement of cash flows and balance sheet also to set forth in comparative form the budgeted amounts for such period and the corresponding figures for the period in the prior
fiscal year, to be in reasonable detail and prepared in accordance with GAAP; 

  
 -12-

 (c) as soon as practicable, but in any event within thirty (30) days after the end of
each of month of operations, an unaudited income statement, statement of cash flows for such month and a balance sheet as of the end of such month, each of the foregoing income statement, statement of cash flows and balance sheet also to set forth
in comparative form the budgeted amounts for such period and the corresponding figures for the period in the prior fiscal year, to be in reasonable detail and prepared in accordance with GAAP; 

(d) as soon as practicable, but in any event at least thirty (30) days prior to the end of each fiscal year, a budget and business
plan for the next fiscal year, prepared on a monthly basis (including balance sheets, income statements and statements of cash flows for such months). The annual budget and business plan shall be approved by the holders of eighty five percent
(85%) of the Registrable Securities then outstanding. 
  

	 	2.2	Budget and Operating Plan 

 Within thirty (30) days of the end of each quarter of each fiscal year of the Company, the Company shall present a description of any significant variances between the Company’s actual results
of operations and expenditures and the results of operations and expenditures in the budget and operating plan most recently presented to the Board. 
  

	 	2.3	Inspection 

 The
Company shall permit each Major Investor, at such Major Investor’s expense, to visit and inspect the Company’s or any of its subsidiaries’ properties, to examine its books of account and records and to discuss the Company’s any
of its subsidiaries’ affairs, finances and accounts with its executive officers, and to review such information as is reasonably requested all at such reasonable times and as often as may be reasonably requested by the Investor(s). 

 

	 	2.4	Right of First Offer 

 (a) Subject to the terms and conditions specified in this Section 2.4, if the Company proposes to issue Additional Shares of Common Stock (as defined in Section 3(d)(i)(B)(4) of
Division (B) of Article IV of the Restated Articles, as may be amended), it shall, in each case, provide each Major Investor with a written notice (the “Issuance Notice”) stating (i) its bona fide intention to offer
such Additional Shares of Common Stock, (ii) the number of such Additional Shares of Common Stock to be offered, and (iii) the price and terms upon which it proposes to offer such Additional Shares of Common Stock. By written notification
received by the Company, within fifteen (15) calendar days after receipt of the Issuance Notice, each Major Investor may elect to purchase or obtain, at the price and on the terms specified in the Issuance Notice, up to that portion of such
Additional Shares of Common Stock (such holder’s “Pro Rata Portion”) that equals the proportion that the number of shares of Registrable Securities (on an as-converted to Common Stock basis) then held by such Holder bears to
the total number of shares of Common Stock of the Company then outstanding, including the Common Stock issuable upon conversion of all outstanding shares of Series Preferred, upon conversion of all other outstanding convertible securities, and upon
exercise of all outstanding options (and assuming conversion of convertible securities issuable upon exercise of options). 

  
 -13-

 (b) In the event that such Major Investor fails to deliver such written notice to the
Company within the prescribed 15-day period, or otherwise fails to purchase its Pro Rata Portion of such Additional Shares of Common Stock, the Company shall promptly inform in writing each Major Investor that has elected to purchase its full
Pro-Rata Portion (a “Fully-Exercising Investor”) of any other Major Investor’s failure to do so. During the fifteen (15) day period commencing after the delivery of such supplemental notice, each Fully-Exercising Investor
shall be entitled to purchase its Pro-Rata Portion of the Additional Shares of Common Stock not purchased by other Major Investors. For the purposes of this Section 2.4, Major Investor includes Affiliates of a Major Investor. A Major Investor
shall be entitled to apportion the right of first offer hereby granted it among itself and its affiliates in such proportions as it deems appropriate. 
 (c) If all Additional Shares of Common Stock that Major Investors are entitled to obtain pursuant to Section 2.4(a) and (b) are not elected to be obtained as provided in Section 2.3(a) and
(b) hereof, the Company may, during the ninety (90) day period following the expiration of the period provided in Section 2.4(a) or (b) hereof, as the case may be, offer the remaining unsubscribed portion of such Additional
Shares of Common Stock to any person or persons at a price not less than, and upon terms no more favorable to the offeree than those specified in the Issuance Notice. If the Company does not enter into an agreement for the sale of the Additional
Shares of Common Stock within such period, or if such agreement is not consummated within ninety (90) days of the execution thereof, the right provided hereunder shall be deemed to be revived and such Additional Shares of Common Stock shall not
be offered unless first reoffered to the Major Investors in accordance herewith. 
 (d) The right of first offer in this
Section 2.4 shall not be applicable to the issuance of any securities excluded from the definition of Additional Shares of Common Stock in Article IV, Subdivision B, Section 3(d)(i)(B)(4) of the Restated Articles. 

(e) The right of first offer in this Section 2.4 shall not be applicable with respect to any Major Investor with regard to any issue
of Additional Shares of Common Stock, if (i) at the time of such issue of Additional Shares of Common Stock, such Major Investor is not an accredited investor, and (ii) such issue of Additional Shares of Common Stock is otherwise being
offered only to accredited investors. 
 (f) The rights provided in this Section 2.4 may not be assigned or transferred by
any Major Investor except by a Major Investor that is a venture capital fund to an affiliated fund or funds, or, with the prior written approval of the Company, for a transfer by an Investor that is a partnership to a partner of such partnership.

  

	 	2.5	Books and Records 

The Company will maintain true books and records of account in which full and correct entries will be made of all its business
transactions pursuant to a system of accounting established and administered in accordance with generally accepted accounting principles consistently applied (except as noted therein), and will set aside on its books all such proper accruals and
reserves as shall be required under generally accepted accounting principles consistently applied. 
  

	 	2.6	Director and Officer Insurance 

 The Company will use its best efforts to obtain and maintain in full force and effect director and officer liability insurance in the amount approved in good faith by the Board of Directors of the
Company. 

  
 -14-

	 	2.7	Excluded Opportunity 

 The Company acknowledges that the Holders and their Affiliates, members, equity holders, director representatives, partners, employees, agents and other related persons are engaged in the business of
investing in private and public companies in a wide range of industries, including the industry segment in which the Company operates (the “Company Industry Segment”). Accordingly, the Company and the Investors acknowledge and agree
that a Covered Person shall: 
 (a) have no duty to the Company to refrain from participating as a director, investor or
otherwise with respect to any company or other person or entity that is engaged in the Company Industry Segment or is otherwise competitive with the Company, and 
 (b) in connection with making investment decisions, to the fullest extent permitted by law, have no obligation of confidentiality or other duty to the Company to refrain from using any information,
including, but not limited to, market trend and market data, which comes into such Covered Person’s possession, whether as a director, investor or otherwise (the “Information Waiver”), provided that the Information Waiver shall
not apply, and therefore such Covered Person shall be subject to such obligations and duties as would otherwise apply to such Covered Person under applicable law, if the information at issue (i) constitutes material non-public information
concerning the Company, or (ii) is covered by a contractual obligation of confidentiality to which the Company is subject. 

Notwithstanding anything in this Section 2.7 to the contrary, nothing herein shall be construed as a waiver of any Covered
Person’s duty of loyalty or obligation of confidentiality with respect to the disclosure of confidential information of the Company. 
 For the purposes of this Section 2.7, “Covered Person” shall have the meaning set forth in the Restated Articles. 

 

	 	2.8	Termination of Covenants 

 The covenants set forth in Section 2 shall terminate and be of no further force or effect (i) upon the effective date as declared by the SEC of the registration statement pertaining to a
Qualified IPO (as defined in Section 3(b) of Division (B) of Article IV of the Restated Articles), or (ii) upon a Merger (as defined in Section 2(c) of Division (B) of Article IV of the Restated Articles) or
(iii) for purposes of Sections 2.1, 2.2 and 2.3 only, at such time as the Company becomes subject to the reporting provisions of the Securities Exchange Act of 1934, as amended. 

 

	3.	Miscellaneous 

  

	 	3.1	Legend 

 Each
certificate evidencing any of the Shares shall bear a legend substantially as follows: 
 “THE SECURITIES REPRESENTED BY
THIS CERTIFICATE ARE SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN INVESTOR RIGHTS AGREEMENT BETWEEN THE COMPANY AND THE HOLDER OF THESE SECURITIES, AND MAY NOT BE SOLD, TRANSFERRED OR ENCUMBERED EXCEPT IN ACCORDANCE WITH THE TERMS AND PROVISIONS
OF SAID AGREEMENT, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL EXECUTIVE OFFICE OF THE COMPANY AND WILL BE FURNISHED TO THE HOLDER OF THIS CERTIFICATE UPON REQUEST AND WITHOUT CHARGE.” 

  
 -15-

	 	3.2	Successors and Assigns 

 Except as otherwise provided herein, the terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the parties (including
transferees of any shares of Registrable Securities). 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 in this Agreement. 
  

	 	3.3	Governing Law 

This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed by and
construed under the laws of the State of New York, as applied to agreements among New York residents entered into and to be performed entirely within New York without giving effect to principles of conflicts of law. 

 

	 	3.4	Counterparts 

 This
Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. 

 

	 	3.5	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. 

 

	 	3.6	Notices 

 Unless
otherwise provided, any notice under this Agreement shall be given in writing and shall be deemed effectively delivered (a) upon personal delivery to the party to be notified, (b) upon confirmation of receipt by fax by the party to be
notified, (c) one (1) business day after deposit with a reputable overnight courier, prepaid for overnight deliver and addressed as set forth in (d), or (d) three (3) days after deposit with the United States Postal Service,
postage prepaid, registered or certified with return receipt requested and addressed to the party to be notified at the address indicated for such party on the Investor Schedule attached hereto as Schedule A, or at such other address as
such party may designate by ten (10) days advance written notice to the other party given in the foregoing manner. 
  

	 	3.7	Entire Agreement; Amendments and Waivers 

 This Agreement (including the exhibits hereto) and the documents referred to herein constitute the full and entire understanding and agreement among the parties with regard to the subjects hereof and
thereof, and no party shall be liable or bound to any other party in any manner by any warranties, representations, or covenants, except as specifically set forth herein or therein. Except as expressly provided therein, neither this Agreement nor
any term hereof may be amended, waived, discharged or terminated other than by a written instrument referencing this Agreement and signed by the Company and the Holders holding at least eighty-five percent (85%) of the Registrable Securities
(excluding any of such shares that have been sold to the public or pursuant to Rule 144, and excluding with respect to Section 1 (other than Sections 1.9, 1.10 and 1.12), any of such shares held by any Holders whose rights to request
registration or inclusion in any registration pursuant to Section 1 have terminated in accordance with Section 1.13, and excluding any of such shares held by TriplePoint Capital LLC or its affiliates); provided, further, that
if any amendment, waiver, discharge or termination operates in a manner that treats 

  
 -16-

 
any Holder different from other Holders, the consent of such Holder shall also be required for such amendment, waiver, discharge or termination. Any such amendment, waiver, discharge or
termination effected in accordance with this paragraph shall be binding upon each Holder and each future holder of all such securities of Holder. Each Holder acknowledges that by the operation of this paragraph, the holders of at least eighty-five
percent (85%) of the Registrable Securities (excluding any of such shares that have been sold to the public or pursuant to Rule 144, and excluding, with respect to Section 1 (other than Sections 1.9, 1.10 and 1.12), any of such
shares held by any Holders whose rights to request registration or inclusion in any registration pursuant to Section 1 have terminated in accordance with Section 1.13) will have the right and power to diminish or eliminate all rights of
such Holder under this Agreement, subject to the proviso in the second sentence of this Section 3.7; provided, however, that notwithstanding any waiver of any of the provisions of Section 2.4, in the event any Major Investor
actually purchases Additional Shares of Common Stock in any offering by the Company, then each other Major Investor shall be permitted to participate in such offering on a pro rata basis (based on the level of participation of the other Major
Investor purchasing the largest portion of such Major Investor’s pro rata share), in accordance with the other provisions (including notice and election periods) set forth in Section 2.4. The Prior Agreement is hereby superseded and
replaced in its entirety by this Agreement. 
  

	 	3.8	Additional Investors 

 Notwithstanding anything to the contrary contained herein, if the Company issues additional shares of the Series E Preferred after the date hereof, any purchaser of such shares of Series E Preferred may
become a party to this Agreement by executing and delivering an additional counterpart signature page to this Agreement and thereafter shall be deemed an “Investor” for all purposes hereunder. 

 

	 	3.9	Severability 

 If
one or more provisions of this Agreement are held to be unenforceable under applicable law, such provision shall be excluded from this Agreement and the balance of the Agreement shall be interpreted as if such provision were so excluded and shall be
enforceable in accordance with its terms. 
  

	 	3.10	Aggregation of Stock 

 All shares of Registrable Securities held or acquired by affiliated entities or persons shall be aggregated together for the purpose of determining the availability of any rights under this Agreement.

  

	 	3.11	Expenses 

 If any
action at law or in equity is necessary to enforce or interpret the terms of this Agreement, the prevailing party shall be entitled to reasonable attorneys’ fees, costs and necessary disbursements in addition to any other relief to which such
party may be entitled. 
  

	 	3.12	Arbitration 

 Any
claims arising under this Agreement or the Transaction Agreements (as defined in the Series B Preferred Stock Purchase Agreement between the Company and the Investor(s)), shall be resolved in binding arbitration with a duly authorized
representative of the American Arbitration Association (“AAA”) in accordance with the provisions hereof and thereof. Either the Company or the Investor(s) may submit the matter to binding arbitration before the AAA in New York City,
New York, which arbitration shall be final and binding on the parties and the exclusive method, absent agreement between the Company and the Investor(s), for purposes of determining the ability of the Company to satisfy such claim. All claims shall
be settled by a single arbitrator appointed in accordance with the 

  
 -17-

 
Commercial Arbitration Rules then in effect of the AAA (the “AAA Rules”). The arbitrator shall render a final decision pursuant to the AAA Rules within thirty (30) days
after filing of the claim. The final decision of the arbitrator shall be furnished to the Investor(s) and the Company in writing and shall constitute the conclusive determination of the issue in question binding upon the Investor(s) and the Company,
and shall not be contested by any of them. Such decision may be used in a court of law only for the purpose of seeking enforcement of the arbitrator’s decision. The prevailing party shall be entitled to reasonable attorney’s fees, costs
and necessary disbursements in addition to any other relief that such party may be entitled. For purposes of this Agreement, the prevailing party shall be that party in whose favor final judgment is rendered or who substantially prevails, if both
parties are awarded judgment. 
 [This Page Intentionally Left Blank] 

  
 -18-

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

			
	COMPANY:
	
	RINGCENTRAL, INC.
		
	By:	 	/s/ Vladimir Shmunis
		 	Vladimir Shmunis
		 	Chief Executive Officer

  
 SIGNATURE PAGE
TO 
 FOURTH AMENDED INVESTOR RIGHTS AGREEMENT OF RINGCENTRAL, INC. 

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

			
	INVESTORS:
	
	Cypress Capital Founders, LP
		
	By:	 	/s/ Brenden Smith
	Name:	 	Brenden Smith
	Title:	 	Managing Partner

  

			
	Cypress Capital Master, LP
		
	By:	 	/s/ Brenden Smith
	Name:	 	Brenden Smith
	Title:	 	Managing Partner

  

			
	Permal Cypress Ltd.
	By: Cypress Capital Management GP, LLC, as its Investment Adviser

  

			
		
	By:	 	/s/ Brenden Smith
	Name:	 	Brenden Smith
	Title:	 	Managing Partner

  
 SIGNATURE PAGE
TO 
 FOURTH AMENDED INVESTOR RIGHTS AGREEMENT OF RINGCENTRAL, INC. 

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

			
	INVESTOR:
	
	RU-NET TECHNOLOGY CAPITAL LLC
		
	Signature:	 	/s/ Thomas Sima
	Print Name:	 	Thomas Sima
	Title:	 	Director

  
 SIGNATURE PAGE
TO 
 FOURTH AMENDED INVESTOR RIGHTS AGREEMENT OF RINGCENTRAL, INC. 

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

			
	INVESTOR:
	
	Turl Investments, Ltd.
	By:	 	Erie Limited
	Its:	 	Sole Director

  

			
		
	By:	 	/s/ Perry A. Rolle
	Name:	 	Perry A. Rolle
	Title:	 	Authorized Signatory

  

			
		
	By:	 	/s/ Lisa M. Wilcox
	Name:	 	Lisa M. Wilcox
	Title:	 	Authorized Signatory

  
  

  
 SIGNATURE PAGE
TO 
 FOURTH AMENDED INVESTOR RIGHTS AGREEMENT OF RINGCENTRAL, INC. 

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

			
	INVESTOR:
	
	SCALE VENTURE PARTNERS III, LP
	By: Scale Venture Management III, LLC
	Its: General Partner

  

			
		
	By:	 	/s/ Robert I. Theis
	Name:	 	Robert I. Theis
	Title:	 	Managing Director

  
 SIGNATURE PAGE
TO 
 FOURTH AMENDED INVESTOR RIGHTS AGREEMENT OF RINGCENTRAL, INC. 

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

			
	INVESTOR
	
	WS Investment Company, LLC (2011A)
		
	By:	 	/s/ James N. Terranova
	Name:	 	James N. Terranova
	Title:	 	Director

  
 SIGNATURE PAGE
TO 
 FOURTH AMENDED INVESTOR RIGHTS AGREEMENT OF RINGCENTRAL, INC. 

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

 

			
	INVESTOR
	
	CISCO SYSTEMS, INC.
		
	By:	 	/s/ Hilton Romanski
	Name:	 	Hilton Romanski
	Title:	 	Vice President, Business Development

  
 SIGNATURE PAGE
TO 
 FOURTH AMENDED INVESTOR RIGHTS AGREEMENT OF RINGCENTRAL, INC. 

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

			
	INVESTOR:
	
	SVB CAPITAL PARTNERS II, L.P.
	By: SVB Capital Partners II, LLC
	Its: General Partner

  

			
		
	By	 	/s/ Sulu Mamdani
	Name:	 	Sulu Mamdani
	Title:	 	Managing Director

  

			
	CP SECONDARIES FUND, L.P.
	By: SVB Capital Partners II, LLC
	Its: General Partner

  

			
		
	By:	 	/s/ Sulu Mamdani
	Name:	 	Sulu Mamdani
	Title:	 	Managing Director

  
 SIGNATURE PAGE
TO 
 FOURTH AMENDED INVESTOR RIGHTS AGREEMENT OF RINGCENTRAL, INC. 

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

			
	DAG VENTURES III-QP, L.P.
	
	By: DAG Ventures Management III, LLC, its General Partner
		
	By:	 	/s/ Young Chung
	Name:	 	Young Chung
	Title:	 	Managing Director

  

			
	DAG VENTURES III, L.P.
	
	By: DAG Ventures Management III, LLC, its General Partner
		
	By:	 	/s/ Young Chung
	Name:	 	Young Chung
	Title:	 	Managing Director

  

			
	DAG VENTURES GP FUND III, LLC
	
	By: DAG Ventures Management III, LLC, its General Partner
		
	By:	 	/s/ Young Chung
	Name:	 	Young Chung
	Title:	 	Managing Director

  

			
	DAG VENTURES I-N, LLC
	
	By: DAG Ventures Management III, LLC, its General Partner
		
	By:	 	/s/ Young Chung
	Name:	 	Young Chung
	Title:	 	Managing Director

  
 SIGNATURE PAGE
TO 
 FOURTH AMENDED INVESTOR RIGHTS AGREEMENT OF RINGCENTRAL, INC. 

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

			
	INVESTOR:
	
	KHOSLA VENTURES II, LP
		
	By:	 	Khosla Ventures Associates II, LLC, a Delaware limited liability company and general partner of Khosla Ventures II, LP

  

			
	
		
	By:	 	/s/ David Weiden
	Name:	 	David Weiden
	Title:	 	Member

  

			
	SEQUOIA CAPITAL XII
	Sequoia Capital XII
	Sequoia Technology Partners XII
	Sequoia Capital XII Principals Fund
		
	By:	 	SC XII Management, LLC a Delaware Limited Liability Company General Partner of Each
		
	By:	 	/s/ Douglas Leone
		 	Managing Member

  
 SIGNATURE PAGE
TO 
 FOURTH AMENDED INVESTOR RIGHTS AGREEMENT OF RINGCENTRAL, INC. 

 SCHEDULE A 

INVESTOR SCHEDULE 
  

	
	 Name and Address

	
	 Turl Investments, Ltd.

404 East Bay Street
 P.O. Box
N-3016
 Nassau, Bahamas

Phone: (242) 502-5700
 Email:
alejandro@hermesgp.com
  

	
	
	 Ru-Net Technology Capital LLC
 Attn: Steve Berg
 900 Third Avenue, 25th Floor

54-55
 New York, NY
10022
 Phone:
 Email:
berg@rtp.vc
  

	
	
	 Cypress Capital Founders, LP
 Cypress Capital Master, LP
 Attention: Brenden
Smith
 One Market, Spear Street Tower

Suite 3785

San Francisco, CA 94105

Phone: (415) 291-9420

Email: brenden@cypressmgt.com

 

	
	
	 Permal Cypress Ltd.

Attention: Brenden Smith, Managing Partner

c/o HWR Services Ltd.
 PO Box 71, Road
Town
 Tortola, British Virgin Islands
  

copies to:
  

Attention: Brenden Smith

One Market, Spear Street Tower

Suite 3785

San Francisco, CA 94105

Phone: (415) 291-9420

Email: brenden@cypressmgt.com

 

	

	
	 Name and Address

	  
 Scale Venture Partners III, LP

Scale Venture Partners III, L.P.
 c/o
Scale Venture Partners
 950 Tower Lane, Suite 700
 Foster City, CA 94404
 Phone: (650) 378-6000

Fax: (650) 378-6040
  

with a copy to:
  

Cooley LLP

777 6th St NW
 Suite 1100
 Washington, DC 20001

Attention: Ryan Naftulin

Email: rnaftulin@cooley.com

 

	
	 Coastdock & Co., as nominee for
 Cisco Systems, Inc.
 170 West Tasman Drive

San Jose, CA 95134-1706
 Attn: General
Counsel
 Facsimile: (408) 525-4757
 Attn: SVP, Corporate Development
 Facsimile: (408) 526-7864

 
 with a copy to:

 
 Fenwick & West LLP

801 California Street
 Mountain View,
CA 94041
 Attention: Cynthia Clarfield Hess, Esq.
 Facsimile: (650) 938-5200
  

	
	
	 SVB Capital Partners II, L.P.
 Attn: Sulu Mamdani
 2400 Hanover Street

Palo Alto, CA 94304
 Phone:
(650) 855-3018
 Email: smamdani@svbcapital.com

 

	

	
	 Name and Address

	  
 Sequoia Capital XII

Sequoia Technology Partners XII

Sequoia Capital XII Principals Fund

Attn: Douglas Leone, Managing Member

3000 Sand Hill Road
 Building 4, Suite
180
 Menlo Park, CA 94025

Phone: (650) 854-3927
 Facsimile: (650)
854-2977
 Email: leone@sequoiacap.com

 

	
	 DAG Ventures I-N, LLC

DAG Ventures GP Fund III, LLC
 DAG
Ventures III, L.P.
 DAG Ventures III-QP, L.P.
 Attn: Young Chung, Managing Director
 251 Lytton Avenue, Suite 200

Palo Alto, CA 94301
 Phone:
(415) 830-7147
 Facsimile: (650) 328-2921
 Email: young@dagventures.com
  

	
	
	 Khosla Ventures II, LP
 Attn: Kim Totah, CFO
 3000 Sand Hill Road, Bldg. 3, Suite 190

Menlo Park, CA 94025
 Phone:
650.376.8500
 Fax: 650.923.9590
 Email:
kt@khoslaventures.com
  
 with a copy to:

 
 c/o McCabe & Totah, LLP

Attention: Vinod Khosla
 1760 The
Alameda, Suite 300
 San Jose, CA 95126

 

	  

	
	 CP Secondaries Fund, L.P.

Attn: Sulu Mamdani
 2400 Hanover
Street
 Palo Alto, CA 94304

Phone: 650.855.3018
 Email:
Smamdani@svb.com
  

	

	
	 Name and Address

	  
 Samir Kaul, Trustee of the Kaul Family

Attn: Kim Totah, CFO
 3000 Sand Hill
Road, Bldg. 3, Suite 190
 Menlo Park, CA 94025
 Phone: 650.376.8500
 Fax: 650.923.9590

Email: kt@khoslaventures.com
  

	
	 Alexander Kinnier
 VK
Services, LLC, a Managing Member of Khosla Ventures Associates II, LLC
 Attn: Kim Totah, CFO

3000 Sand Hill Road, Bldg. 3, Suite 190

Menlo Park, CA 94025
 Phone:
650.376.8500
 Fax: 650.923.9590
 Email: kt@khoslaventures.com
  

	
	
	 Aadik Shekar
 Attn:
Kim Totah, CFO
 3000 Sand Hill Road, Bldg. 3, Suite 190
 Menlo Park, CA 94025
 Phone: 650.376.8500

Fax: 650.923.9590
 Email:
kt@khoslaventures.com
  

	
	
	 Fouad Tamer
 Attn:
Kim Totah, CFO
 3000 Sand Hill Road, Bldg. 3, Suite 190
 Menlo Park, CA 94025
 Phone: 650.376.8500

Fax: 650.923.9590
 Email:
kt@khoslaventures.com
  

	
	
	 Kimberly Totah
 Attn:
Kim Totah, CFO
 3000 Sand Hill Road, Bldg. 3, Suite 190
 Menlo Park, CA 94025
 Phone: 650.376.8500

Fax: 650.923.9590
 Email:
kt@khoslaventures.com
  

	

	
	 Name and Address

	
	  
 VK Services, LLC

Attn: Kim Totah, CFO
 3000 Sand Hill
Road, Bldg. 3, Suite 190
 Menlo Park, CA 94025
 Phone: 650.376.8500
 Fax: 650.923.9590

Email: kt@khoslaventures.com
  

	
	 David Weiden
 c/o
Khosla Ventures II, LP
 2733 Sand Hill Road, Building 3, Suite 170
 Menlo Park, CA 94025
 Phone: 650.376.8521

Fax: 650.923.9590
  

	
	
	 WS Investment Company, LLC (2011A)
 Attn: James A. Terranova
 650 Page Mill Road

Palo Alto, CA 94304

Phone:650-493-9300
 Facsimile:
650-493-6811
  

	
	
	 Triplepoint Capital LLC

Attn: Sajal Srivastava, COO
 2755 Sand
Hill Rd., Ste. 150
 Menlo Park, CA 94025
 Phone: (650) 854-2090
 Email: legal@triplepointcapital.comEX-10.1

 Exhibit 10.1 
 RingCentral, Inc. 
 2003 Equity Incentive Plan 

1. Purpose. The purpose of the RingCentral, Inc. 2003 Equity Incentive Plan (the “Plan”) of RingCentral, Inc., a
California corporation (the “Company”), is to provide incentives to attract, retain and motivate eligible persons whose present and potential contributions are important to the success of the Company by offering them an opportunity to
participate in the Company’s future performance through awards of Options, Restricted Stock and Stock Bonuses. Capitalized terms not defined in the text are defined in Section 23. 

2. Shares Subject to the Plan. 
 2.1 Number of Shares Available. Subject to Sections 2.2 and 18, the total number of Shares reserved and available for grant and issuance pursuant to the Plan shall be 1,100,000 Shares.
Subject to Sections 2.2 and 18, Shares shall again be available for grant and issuance in connection with future Awards under the Plan that: (a) are subject to issuance upon exercise of an Option but cease to be subject to such Option for any
reason other than exercise of such Option; (b) are subject to an Award granted hereunder but are forfeited; or (c) are subject to an Award that otherwise terminates without Shares being issued. No individual may receive Awards of more than
300,000 Shares hereunder. 
 2.2 Adjustment of Shares. In the event that the number of outstanding Shares is
changed by a stock dividend, recapitalization, stock split, reverse stock split, subdivision, combination, reclassification or similar change in the capital structure of the Company without consideration, then (a) the number of Shares reserved
for issuance under the Plan; (b) the Exercise Prices of and number of Shares subject to outstanding Options; and (c) the number of Shares subject to other outstanding Awards shall be proportionately adjusted, subject to any required action
by the Board or the stockholders of the Company and compliance with applicable securities laws; provided, however, that fractions of a Share shall not be issued but shall either be paid in cash at Fair Market Value or shall be rounded up to
the nearest Share, as determined by the Committee. 
 3. Eligibility. ISOs (as defined in Section 5 below)
may be granted only to employees (including officers and directors who are also employees) of the Company, or of a Parent or Subsidiary of the Company. All other Awards may be granted to employees, officers, directors, consultants and advisors of
the Company or any Parent, Subsidiary or Affiliate of the Company; provided, however, such consultants and advisors render bona fide services not in connection with the offer and sale of securities in a capital-raising
transaction. A person may be granted more than one Award under the Plan. 

 4. Administration. 

4.1 Committee Authority. The Plan shall be administered by the Committee or the Board acting as the Committee. Subject to
the general purposes, terms and conditions of the Plan, and to the direction of the Board, the Committee shall have full power to implement and carry out the Plan. The Committee shall have the authority to:  

 

	 	(a)	construe and interpret the Plan, any Award Agreement and any other agreement or document executed pursuant to the Plan; 

 

	 	(b)	prescribe, amend and rescind rules and regulations relating to the Plan; 

 

	 	(c)	select persons to receive Awards; 

  

	 	(d)	determine the form and terms of Awards; 

  

	 	(e)	determine the number of Shares or other consideration subject to Awards; 

  

	 	(f)	determine whether Awards will be granted singly, in combination, in tandem with, in replacement of, or as alternatives to, other Awards under the Plan or any
other incentive or compensation plan of the Company or any Parent, Subsidiary or Affiliate of the Company; 

  

	 	(g)	grant waivers of Plan or Award conditions; 

  

	 	(h)	determine the vesting, exercisability and payment of Awards; 

  

	 	(i)	correct any defect, supply any omission, or reconcile any inconsistency in the Plan, any Award or any Award Agreement; 

 

	 	(j)	determine whether an Award has been earned; and 

  

	 	(k)	make all other determinations necessary or advisable for the administration of the Plan. 

4.2 Committee Discretion. Any determination made by the Committee with respect to any Award shall be made in its sole
discretion at the time of grant of the Award or, unless in contravention of any express term of the Plan or Award, at any later time, and such determination shall be final and binding on the company and all persons having an interest in any Award
under the Plan. The Committee may delegate to one or more officers of the Company the authority to grant an Award under the Plan to Participants who are not Insiders of the Company. 

4.3 Exchange Act Requirements. If the Company is subject to the Exchange Act, the Company will take appropriate steps to
comply with the disinterested director requirements of Section 16(b) of the Exchange Act, including but not limited to, the appointment by the Board of a Committee consisting of not less than two (2) persons (who are members of the Board),
each of whom is a Disinterested Person. 
 5. Options. The Committee may grant Options to eligible persons and
shall determine whether such Options shall be Incentive Stock Options within the meaning of the Code (“ISOs”) or Nonqualified Stock Options (“NSOs”), the number of Shares subject to the Option, the Exercise Price of the
Option, the period during which the Option may be exercised, and all other terms and conditions of the Option, subject to the following: 

  
 -2-

 5.1 Form of Option Grant. Each Option granted under the Plan shall be
evidenced by an Award Agreement which shall expressly identify the Option as an ISO or NSO (“Stock Option Agreement”), and be in such form and contain such provisions (which need not be the same for each Participant) as the
Committee shall from time to time approve, and which shall comply with and be subject to the terms and conditions of the Plan. 

5.2 Date of Grant. The date of grant of an Option shall be the date on which the Committee makes the determination to grant
such Option, unless otherwise specified by the Committee. The Stock Option Agreement and a copy of the Plan will be delivered to the Participant within a reasonable time after the granting of the Option. 

5.3 Exercise Period. Options shall be exercisable within the times or upon the events determined by the Committee as set
forth in the Stock Option Agreement; provided, however, that no Option shall be exercisable after the expiration of ten (10) years from the date the Option is granted, and provided further that no Option granted to a person who directly
or by attribution owns more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary of the Company (“Ten Percent Stockholder”) shall be exercisable after the
expiration of five (5) years from the date the Option is granted. The Committee also may provide for the exercise of Options to become exercisable at one time or from time to time, periodically or otherwise, in such number or percentage as the
Committee determines. 
 5.4 Exercise Price. The Exercise Price shall be determined by the Committee when the
Option is granted and may be not less than eighty-five percent (85%) of the Fair Market Value of the Shares on the date of grant; provided that (i) the Exercise Price of an ISO shall be not less than one hundred percent (100%) of the
Fair Market Value of the Shares on the date of grant; and (ii) the Exercise Price of any Option granted to a Ten Percent Stockholder shall not be less than one hundred ten percent (110%) of the Fair Market Value of the Shares on the date
of grant. Payment for the Shares purchased may be made in accordance with Section 8 of the Plan. 
 5.5 Method of
Exercise. Options may be exercised only by delivery to the Company of a written stock option exercise agreement (the “Exercise Agreement”) in a form approved by the Committee (which need not be the same for each
Participant), stating the number of Shares being purchased, the restrictions imposed on the Shares, if any, and such representations and agreements regarding Participant’s investment intent and access to information and other matters, if any,
as may be required or desirable by the Company to comply with applicable securities laws, together with appropriate payment of the Exercise Price for the number of Shares being purchased. 

5.6 Termination. Notwithstanding the exercise periods set forth in the Stock Option Agreement, exercise of an Option shall
always be subject to the following: 
  

	 	(a)	If the Participant is Terminated for any reason except death or Disability, then Participant may exercise such Participant’s ISOs only to the extent that
such ISOs would have been exercisable upon the Termination Date no later than three (3) months after the Termination Date (or such shorter time period as may be specified in the Stock Option Agreement). Except as provided in Section
(b) below, any ISO that remains exercisable after three (3) months after the Termination Date shall be deemed a NSO. No Option may be exercised later than the expiration date of the Options. 

  
 -3-

	 	(b)	If the Participant is terminated because of death or Disability (or the Participant dies within three (3) months of such termination), then
Participant’s Options may be exercised only to the extent that such Options would have been exercisable by Participant on the Termination Date and must be exercised by Participant (or Participant’s legal representative or authorized
assignee) no later than twelve (12) months after the Termination Date (or such shorter time period as may be specified in the Stock Option Agreement), but in any event no later than the expiration date of the Options; provided, however,
that in the event of termination due to Disability other than as defined in Section 22(e)(3) of the Code, any ISO that remains exercisable after three (3) months after the Termination Date shall be deemed a NSO.

 5.7 Limitations on Exercise. The Committee may specify a reasonable minimum number of Shares that
may be purchased on any exercise of an Option; provided, however, that such minimum number will not prevent Participant from exercising the Option for the full number of Shares for which it is then exercisable. 

5.8 Limitations on ISOs. The aggregate Fair Market Value (determined as of the date of grant) of Shares with respect to
which ISOs are exercisable for the first time by a Participant during any calendar year (under the Plan or under any other incentive stock option plan of the Company or any Affiliate, Parent or Subsidiary of the Company) shall not exceed One Hundred
Thousand Dollars ($100,000). If the Fair Market Value of Shares on the date of grant with respect to which ISOs are exercisable for the first time by a Participant during any calendar year exceeds One Hundred Thousand Dollars ($100,000), the Options
for the first One Hundred Thousand Dollars ($100,000) worth of Shares to become exercisable in such calendar year shall be ISOs and the Options for the amount in excess of One Hundred Thousand Dollars ($100,000) that become exercisable in that
calendar year shall be NSOs. In the event that the Code or the regulations promulgated thereunder are amended after the Effective Date of the Plan to provide for a different limit on the Fair Market Value of Shares permitted to be subject to ISOs,
such different limit shall be automatically incorporated herein and shall apply to any Options granted after the effective date of such amendment. 
 5.9 Modification, Extension or Renewal. The Committee may modify, extend or renew outstanding Options and authorize the grant of new Options in substitution therefor; provided, however,
that any such action may not without the written consent of Participant, impair any of Participant’s rights under any Option previously granted. Any outstanding ISO that is modified, extended, renewed or otherwise altered shall be treated
in accordance with Section 424(h) of the Code. The Committee may reduce the Exercise Price of outstanding Options without the consent of Participants affected by a written notice to them; provided, however, that the Exercise Price may
not be reduced below the minimum Exercise Price that would be permitted under Section 5.4 of the Plan for Options granted on the date the action is taken to reduce the Exercise Price. 

  
 -4-

 5.10 No Disqualification. Notwithstanding any other provision in the Plan, no
term of the Plan relating to ISOs shall be interpreted, amended or altered, nor shall any discretion or authority granted under the Plan be exercised, so as to disqualify the Plan under Section 422 of the Code or, without the consent of the
Participant affected, to disqualify any ISO under Section 422 of the Code. 
 6. Restricted Stock. A
Restricted Stock Award is an offer by the Company to sell to an eligible person Shares that are subject to restrictions. The Committee shall determine to whom an offer will be made, the number of Shares the person may purchase, the price to be paid
(the “Purchase Price”), the restrictions to which the Shares shall be subject, and all other terms and conditions of the Restricted Stock Award, subject to the following: 

6.1 Form of Restricted Stock Award. All purchases under a Restricted Stock Award made pursuant to the Plan shall be
evidenced by an Award Agreement (“Restricted Stock Purchase Agreement”) that shall be in such form (which need not be the same for each Participant) as the Committee shall from time to time approve, and shall comply with and be subject to
the terms and conditions of the Plan. The offer of Restricted Stock shall be accepted by the Participant’s execution and delivery of the Restricted Stock Purchase Agreement and full payment for the shares to the Company within thirty
(30) days, unless otherwise provided for by the Committee, from the date the Restricted Stock Purchase Agreement is delivered to the person. If such person does not execute and deliver the Restricted Stock Purchase Agreement along with full
payment for the Shares to the Company within thirty (30) days, then the offer shall terminate, unless otherwise determined by the Committee. 
 6.2 Purchase Price. The Purchase Price of Shares sold pursuant to a Restricted Stock Award shall be determined by the Committee and shall be at least eighty-five percent (85%) of the
Fair Market Value of the Shares on the date the Restricted Stock Award is granted, except in the case of a sale to a Ten Percent Stockholder, in which case the Purchase Price shall be one hundred and ten percent (110%) of the Fair Market Value.
Payment of the Purchase Price may be made in accordance with Section 8 of the Plan. 
 6.3 Restrictions.
Restricted Stock Awards shall be subject to such restrictions as the committee may impose. The Committee may provide for the lapse of such restrictions in installments and may accelerate or waive such restrictions, in whole or in part, based on
length of service, performance or such other factors or criteria as the Committee may determine. Restricted Stock Awards which the Committee intends to qualify under Code section 162(m) shall be subject to a performance-based goal. Restrictions on
such stock shall lapse based on one or more of the following performance goals: stock price, market share, sales increases, earning per share, return on equity, cost reductions, or any other similar performance measure established by the Committee.
Such performance measures shall be established by the Committee, in writing, no later than the earlier of (a) ninety (90) days after the commencement of the performance period with respect to which the Restricted Stock award is made and
(b) the date as of which twenty-five percent (25%) of such performance period has elapsed. 

  
 -5-

 7. Stock Bonuses. 

7.1 Awards of Stock Bonuses. A Stock Bonus is an award of Shares (which may consist of Restricted Stock) for services
rendered to the Company or any Parent, Subsidiary or Affiliate of the Company. A Stock Bonus may be awarded for past services already rendered to the Company, or any Parent, Subsidiary or Affiliate of the Company pursuant to an Award Agreement (the
“Stock Bonus Agreement”) that shall be in such form (which need not be the same for each Participant) as the Committee shall from time to time approve, and shall comply with and be subject to the terms and conditions of the Plan subject to
Section 7.2 herein, a Stock Bonus may be awarded upon satisfaction of such performance goals as are set out in advance in Participant’s individual Award Agreement (the “Performance Stock Bonus Agreement”) that shall be in such
form (which need not be the same for each Participant) as the Committee shall from time to time approve, and shall comply with and be subject to the terms and conditions of the Plan. Stock Bonuses may vary from Participant to Participant and between
groups of Participants, and may be based upon such other criteria as the Committee may determine. 
 7.2 Code
Section 162(m). A Stock Bonus that the Committee intends to qualify for the performance-based exception under Code section 162(m) shall only be awarded based upon the attainment of one or more of the following performance goals: stock
price, market share, sales increases, earning per share, return on equity, cost reductions, or any other similar performance measure established by the Committee. Such performance measures shall be established by the Committee, in writing, no later
than the earlier of: (a) ninety (90) days after the commencement of the performance period with respect to which the Stock Bonus award is made; and (b) the date as of which twenty-five percent (25%) of such performance period has
elapsed. 
 7.3 Terms of Stock Bonuses. The Committee shall determine the number of Shares to be awarded to the
Participant and whether such Shares shall be Restricted Stock. If the Stock Bonus is being earned upon the satisfaction of performance goals pursuant to a Performance Stock Bonus Agreement, then the Committee shall determine: (a) the nature,
length and starting date of any period during which performance is to be measured (the “Performance Period”) for each Stock Bonus; (b) the performance goals and criteria to be used to measure the performance, if any; (c) the
number of Shares that may be awarded to the Participant; and (d) the extent to which such Stock Bonuses have been earned. Performance Periods may overlap and Participants may participate simultaneously with respect to Stock Bonuses that are
subject to different Performance Periods and different performance goals and other criteria. The number of Shares may be fixed or may vary in accordance with such performance goals and criteria as may be determined by the Committee. The Committee
may adjust the performance goals applicable to the Stock Bonuses to take into account changes in law and accounting or tax rules and to make such adjustments as the Committee deems necessary or appropriate to reflect the impact of extraordinary or
unusual items, events or circumstances to avoid windfalls or hardships. 
 7.4 Form of Payment. The earned portion
of a Stock Bonus may be paid currently or on a deferred basis with such interest or dividend equivalent, if any, as the Committee may determine. Payment of the Purchase Price may be made in accordance with Section 8 of the Plan. 

7.5 Termination During Performance Period. If a Participant is Terminated during a Performance Period for any reason, then
such Participant shall be entitled to payment (whether in Shares, cash or otherwise) with respect to the Stock Bonus only to the extent earned as of the date of Termination in accordance with the Performance Stock Bonus Agreement, unless the
Committee shall determine otherwise. 

  
 -6-

 8. Payment For Share Purchases. 

8.1 Payment. Subject to applicable laws, the consideration to be paid for the Shares to be issued upon exercise of an
Option, including the method of payment, shall be determined by the Committee (and, in the case of an Incentive Stock Option, shall be determined at the time of grant). In addition to any other types of consideration and methods of payment the
Committee may determine, payment for Shares purchased pursuant to the Plan may be made in cash (by check) or, where expressly approved for the Participant by the Committee and where permitted by law: 

 

	 	(a)	by cancellation of indebtedness of the Company to the Participant; 

  

	 	(b)	by surrender of Shares that either (1) have been owned by Participant for more than six (6) months and have been paid for within the meaning of SEC
Rule 144; or (2) were obtained by Participant in the public market; 

  

	 	(c)	by waiver of compensation due or accrued to Participant for services rendered; 

 

	 	(d)	by tender of property; 

  

	 	(e)	with respect only to purchases upon exercise of an Option, and provided that a public market for the Company’s stock exists: 

 

	 	(1)	through a “same day sale” commitment from Participant and a broker-dealer that is a member of the National Association of Securities Dealers (an
“NASD Dealer”) whereby the Participant irrevocably elects to exercise the Option and to sell a portion of the Shares so purchased to pay for the Exercise Price, and whereby the NASD Dealer irrevocably commits upon receipt of such Shares to
forward the Exercise Price directly to the Company; or 

  

	 	(2)	through a “margin” commitment from Participant and an NASD Dealer whereby Participant irrevocably elects to exercise the Option and to pledge the
Shares so purchased to the NASD Dealer in a margin account as security for a loan from the NASD Dealer in the amount of the Exercise Price, and whereby the NASD Dealer irrevocably commits upon receipt of such Shares to forward the exercise price
directly to the Company; or 

  
 -7-

	 	(f)	with respect only to purchases upon exercise of an Option: 

  

	 	(1)	In the event that the Option is exercised immediately prior to the closing by the Company of a “corporate transaction” as defined in Section 18.1
below, or the closing of the initial public offering of the Company’s Common Stock pursuant to a registration statement under the Securities Act (the “Initial Public Offering”), in lieu of exercising the Option in the manner
provided above, the Participant may elect to receive shares equal to the value of the Option (or the portion thereof being canceled) by surrender of the Option at the principal office of the Company together with notice of such election in which
event the Company shall issue to holder a number of shares of Common Stock computed using the following formula: 

  

	 	X	= Y (A - B) 

                  A 

Where X = The number of shares of Common Stock to be issued to the Participant. 

 

	 	Y	= The number of shares of Common Stock purchasable under the Option (at the date of such calculation). 

 

	 	A	= The fair market value of one share of Common Stock (at the date of such calculation). 

 

	 	B	= The Purchase Price (as adjusted to the date of such calculation). 

  

	 	(2)	For purposes of this Section (g), the fair market value of the Company’s Common Stock shall be the price per share which the Company receives for a single
share of Common Stock in the corporate transaction, or, if the Option is exercised in connection with the Initial Public Offering, the fair market value of the Company’s Common Stock shall be equal to the mid-price of the range of prices set
forth in the registration statement relating to the Initial Public Offering or, if a subsequent amendment thereto sets forth a different range of prices (other than a “pricing amendment” setting forth a single, final price) then the
mid-price of the range of prices set forth in such amendment; or 

  

	 	(g)	by any combination of the foregoing. 

  
 -8-

 9. Withholding Taxes. 

9.1 Withholding Generally. Whenever Shares are to be, issued in satisfaction of Awards granted under the Plan, the Company
may require the Participant to remit to the Company an amount sufficient to satisfy federal, state and local withholding tax requirements prior to the delivery of any certificate or certificates for such Shares. Whenever, under the Plan, payments in
satisfaction of Awards are to be made in cash, such payment shall be net of an amount sufficient to satisfy federal, state, and local withholding tax requirements. 
 9.2 Stock Withholding. When, under applicable tax laws, a Participant incurs tax liability in connection with the grant, exercise or vesting of any Award that is subject to tax withholding
and the Participant is obligated to pay the Company the amount required to be withheld, the Committee may allow the Participant to satisfy the minimum withholding tax obligation by electing to have the Company withhold from the Shares to be issued
that number of Shares having a Fair Market Value equal to the minimum amount required to be withheld, determined on the date that the amount of tax to be withheld is to be determined (the “Tax Date”). All elections by a Participant to have
Shares withheld for this purpose shall be made in writing in a form acceptable to the Committee and shall be subject to the following restrictions: 
  

	 	(a)	the election must be made on or prior to the applicable Tax Date; 

  

	 	(b)	once made, then except as provided below, the election shall be irrevocable as to the particular Shares as to which the election is made;

  

	 	(c)	all elections shall be subject to the consent or disapproval of the Committee; 

 

	 	(d)	if the Participant is an Insider and if the Company is subject to Section 16(b) of the Exchange Act: (1) the election may not be made within six
(6) months of the date of grant of the Award, except as otherwise permitted by SEC Rule 16b-3(e) under the Exchange Act, and (2) either (A) the election to use stock withholding must be irrevocably made at least six (6) months
prior to the Tax Date (although such election may be revoked at any time at least six (6) months prior to the Tax Date), or (B) the exercise of the Option or election to use stock withholding must be made in the ten (10) day period
beginning on the third day following the release of the Company’s quarterly or annual summary statement of sales or earnings; and 

  

	 	(e)	in the event that the Tax Date is deferred under Section 83 of the Code, the Participant shall receive the full number of Shares with respect to which the
exercise occurs, but such Participant shall be unconditionally obligated to tender back to the Company the proper number of Shares on the Tax Date. 

 10. Privileges of Stock Ownership. 
 10.1 Voting and
Dividends. No Participant shall have any of the rights of a stockholder with respect to any Shares until the Shares are issued to the Participant. After Shares are issued to the Participant, the Participant shall be a stockholder and have
all the rights of a stockholder with respect to such Shares, including the right to vote and receive all dividends or other distributions made or paid with respect to such Shares; provided, however, that if such Shares are

  
 -9-

 
Restricted Stock, then any new, additional or different securities the Participant may become entitled to receive with respect to such Shares by virtue of a stock dividend, stock split or any
other change in the corporate or capital structure of the Company shall be subject to the same restrictions as the Restricted Stock. 
 10.2 Financial Statements. The Company shall provide financial statements to each Participant prior to such Participant’s purchase of Shares under the Plan, and to each Participant
annually during the period such Participant has Awards outstanding; provided, however, the Company shall not be required to provide such financial statements to Participants whose services in connection with the Company assure them access to
equivalent information. 
 11. Transferability. Awards granted under the Plan, and any interest therein, shall not
be transferable or assignable by Participant, and may not be made subject to execution, attachment or similar process, otherwise than by will or by the laws of descent and distribution or as consistent with the specific Plan and Award Agreement
provisions relating thereto. During the lifetime of the Participant an Award shall be exercisable only by the Participant, and any elections with respect to an Award, may be made only by the Participant. 

12. Restrictions on Shares. At the discretion of the Committee, the Company may reserve to itself and/or its assignee(s) in
the Award Agreement a right of first refusal to purchase all Shares that a Participant (or a subsequent transferee) may propose to transfer to a third party. 
 13. Certificates. All certificates for Shares or other securities delivered under the Plan shall be subject to such stock transfer orders, legends and other restrictions as the Committee may
deem necessary or advisable, including restrictions under any applicable federal, state or foreign securities law, or any rules, regulations and other requirements of the SEC or any stock exchange or automated quotation system upon which the Shares
may be listed. 
 14. Escrow; Pledge of Shares. To enforce any restrictions on a Participant’s Shares,
the Committee may require the Participant to deposit all certificates representing Shares, together with stock powers or other instruments of transfer approved by the Committee, appropriately endorsed in blank, with the Company or an agent
designated by the Company to hold in escrow until such restrictions have lapsed or terminated, and the Committee may cause a legend or legends referencing such restrictions to be placed on the certificates. In connection with any pledge of the
Shares, Participant shall be required to execute and deliver a written pledge agreement in such form as the Committee shall from time to time approve. 
 15. Exchange and Buyout of Awards. The Committee may, at any time or from time to time, authorize the Company, with the consent of the respective Participants, to issue new Awards in
exchange for the surrender and cancellation of any or all outstanding Awards. The Committee may at any time buy from a Participant an Award previously granted with payment in cash, Shares (including Restricted Stock) or other consideration, based on
such terms and conditions as the Committee and the Participant shall agree. 

  
 -10-

 16. Securities Law and Other Regulatory Compliance. An Award shall not be
effective unless such Award is in compliance with all applicable federal and state securities laws, rules and regulations of any governmental body, and the requirements of any stock exchange or automated quotation system upon which the Shares may
then be listed, as they are in effect on the date of grant of the Award and also on the date of exercise or other issuance. Notwithstanding any other provision in the Plan, the Company shall have no obligation to issue or deliver certificates for
Shares under the Plan prior to (a) obtaining any approvals from governmental agencies that the Company determines are necessary or advisable, and/or (b) completion of any registration or other qualification of such shares under any state
or federal law or ruling of any governmental body that the Company determines to be necessary or advisable. The Company shall be under no obligation to register the Shares with the SEC or to effect compliance with the registration, qualification or
listing requirements of any state securities laws, stock exchange or automated quotation system, and the Company shall have no liability for any inability or failure to do so. 
 17. No Obligation to Employ. Nothing in the Plan or any Award granted under the Plan shall confer or be deemed to confer on any Participant any right to continue in the employ of, or to
continue any other relationship with, the Company or any Parent, Subsidiary or Affiliate of the Company or limit in any way the right of the Company or any Parent, Subsidiary or Affiliate of the Company to terminate Participant’s employment or
other relationship at any time, with or without cause. 
 18. Corporate Transactions. 

18.1 Assumption or Replacement of Awards by Successor. In the event of (a) a merger or consolidation in which the
Company is not the surviving corporation (other than a merger or consolidation with a wholly-owned subsidiary, a reincorporation of the Company in a different jurisdiction, or other transaction in which there is no substantial change in the
stockholders of the company and the Awards granted under the Plan are assumed or replaced by the successor corporation, which assumption shall be binding on all Participants); (b) a dissolution or liquidation of the Company; (c) the sale
of substantially all of the assets of the Company; or (d) any other transaction which qualifies as a “corporate transaction” under Section 424(a) of the Code wherein the stockholders of the Company give up all of their equity
interest in the Company (except for the acquisition, sale or transfer of all or substantially all of the outstanding shares of the Company), any or all outstanding Awards may be assumed or replaced by the successor corporation (if any), which
assumption or replacement shall be binding on all Participants. In the alternative, the successor corporation may substitute equivalent Awards or provide substantially similar consideration to Participants as was provided to stockholders (after
taking into account the existing provisions of the Awards). The successor corporation may also issue, in place of outstanding Shares of the Company held by the Participant, substantially similar shares or other property subject to repurchase
restrictions no less favorable to the Participant. 
 In the event such successor corporation (if any) refuses to assume
or substitute Options, as provided above, pursuant to a transaction described in this Subsection 18.1, the vesting of any unvested Options shall accelerate, and the holders thereof shall be provided notice of such acceleration and an opportunity to
exercise the Options in full in the transaction, and such Options shall expire in such transaction at such time and on such conditions as the Board shall determine. 

  
 -11-

 18.2 Other Treatment of Awards. Subject to any greater rights granted to
Participants under the foregoing provisions of this Section 18, in the event of the occurrence of any transaction described in Section 18.1, any outstanding Awards shall be treated as provided in the applicable agreement or plan of merger,
consolidation, dissolution, liquidation, sale of assets or other “corporate transaction.” 
 18.3 Assumption of
Awards by the Company. The Company, from time to time, also may substitute or assume outstanding awards granted by another company, whether in connection with an acquisition of such other company or otherwise, by either (a) granting an
Award under the Plan in substitution of such other company’s award; or (b) assuming such award as if it had been granted under the Plan if the terms of such assumed award could be applied to an Award granted under the Plan. Such
substitution or assumption shall be permissible if the holder of the substituted or assumed award would have been eligible to be granted an Award under the Plan if the other company had applied the rules of the Plan to such grant. In the event the
Company assumes an award granted by another company, the terms and conditions of such award shall remain unchanged (except that the exercise price and the number and nature of Shares issuable upon exercise of any such option will be adjusted
approximately pursuant to Section 424(a) of the Code). In the event the Company elects to grant a new Option rather than assuming an existing option, such new Option may be granted with a similarly adjusted Exercise Price. 

19. Adoption and Stockholder Approval. The Plan shall become effective on the date that it is adopted by the Board (the
“Effective Date”). The Plan shall be approved by the stockholders of the Company (excluding Shares issued pursuant to this Plan), consistent with applicable laws, within twelve months before or after the Effective Date. Upon the Effective
Date, the Board may grant Awards pursuant to the Plan; provided, however, that: (a) no Option may be exercised prior to initial stockholder approval of the Plan; (b) no Option granted pursuant to an increase in the
number of Shares approved by the Board shall be exercised prior to the time such increase has been approved by the stockholders of the Company; and (c) in the event that stockholder approval is not obtained within the time period provided
herein, all Awards granted hereunder shall be cancelled, any Shares issued pursuant to any Award shall be cancelled and any purchase of Shares hereunder shall be rescinded. After the Company becomes subject to Section 16(b) of the Exchange Act,
the Company will comply with the requirements of Rule 16b-3 (or its successor), as amended, with respect to stockholder approval. 
 20. Intentionally Omitted. 
 21. Term of Plan. The Plan
will terminate ten (10) years from the Effective Date or, if earlier, the date of stockholder approval of the Plan. 

22. Amendment or Termination of Plan. The Board may at any time terminate or amend the Plan in any respect, including
without limitation amendment of any form of Award Agreement or instrument to be executed pursuant to the Plan; provided, however, that the Board shall not, without the approval of the stockholders of the Company, amend the Plan in any manner
that requires such stockholder approval pursuant to the Code or the regulations promulgated thereunder as such provisions apply to ISO plans or pursuant to the Exchange Act or Rule 16b-3 (or its successor), as amended, thereunder. Any amendment,
suspension or termination of the Plan shall not affect Awards already granted, and such Awards shall remain in full force and effect as if the Plan had not been amended, suspended or terminated, unless mutually agreed otherwise between the
Participant and the Company, which agreement must be in writing and signed by the Participant and the Company. 

  
 -12-

 23. Nonexclusivity of the Plan. Neither the adoption of the Plan by the Board,
the submission of the Plan to the stockholders of the Company for approval, nor any provision of the Plan shall be construed as creating any limitations on the power of the Board to adopt such additional compensation arrangements as it may deem
desirable, including, without limitation, the granting of stock options and bonuses otherwise than under the Plan, and such arrangements may be either generally applicable or applicable only in specific cases. 

24. Definitions. As used in the Plan, the following terms shall have the following meanings: 

“Affiliate” means any corporation that directly, or indirectly through one or more intermediaries, controls or is
controlled by, or is under common control with, another corporation, where “control” (including the terms “controlled by” and “under common control with”) means the possession, direct or indirect, of the power to cause
the direction of the management and policies of the corporation, whether through the ownership of voting securities, by contract or otherwise. 
 “Award” means any award under the Plan, including any Option, Restricted Stock or Stock Bonus. 
 “Award Agreement” means, with respect to each Award, the signed written agreement between the Company and the Participant setting forth the terms and conditions of the Award. 

“Board” means the Board of Directors of the Company. 

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

“Committee” means the committee appointed by the Board to administer the Plan, or if no committee is appointed, the
Board. 
 “Company” means RingCentral, Inc., a corporation organized under the laws of the State of California,
or any successor corporation. 
 “Continuous Status as an Employee, Director or Consultant” means that
the employment, director or consulting relationship with the Company, any Parent, or Subsidiary, is not interrupted or terminated. Continuous Status as an employee, director or consultant shall not be considered interrupted in the case of
(i) any leave of absence approved by the Company or (ii) transfers between locations of the Company or between the Company, its Parent, any Subsidiary, or any successor. A leave of absence approved by the Company shall include sick leave,
military leave, or any other personal leave approved by an authorized representative of the Company. For purposes of Incentive Stock Options, no such leave may exceed ninety (90) days, unless reemployment upon expiration of such leave is
guaranteed by statute or contract. 
 “Disability” means a disability, whether temporary or permanent,
partial or total, as determined by the Committee. 

  
 -13-

 “Disinterested Person” means a director who has not, during the period that
person is a member of the Committee and for one (1) year prior to service as a member of the Committee, been granted or awarded equity securities pursuant to the Plan or any other plan of the Company or any Parent, Subsidiary or Affiliate of
the Company, except in accordance with the requirements set forth in Rule 16b-3(c)(2)(i) (and any successor regulation thereto) as promulgated by the SEC under Section 16(b) of the Exchange Act, as such rule is amended from time to time and as
interpreted by the SEC. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Exercise Price” means the price at which a holder of an Option may purchase the Shares issuable upon exercise of the
Option. 
 “Fair Market Value” means, as of any date, the value of a share of the Company’s Common Stock
determined as follows: 
  

	 	(a)	if such Common Stock is then quoted on the Nasdaq National Market, its last reported sale price on the Nasdaq National Market or, if no such reported sale takes
place on such date, the average of the closing bid and asked prices; 

  

	 	(b)	if such Common Stock is publicly traded and is then listed on a national securities exchange, the last reported sale price or, if no such reported sale takes
place on such date, the average of the closing bid and asked prices on the principal national securities exchange on which the Common Stock is listed or admitted to trading; 

 

	 	(c)	if such Common Stock is publicly traded but is not quoted on the Nasdaq National Market nor listed or admitted to trading on a national securities exchange, the
average of the closing bid and asked prices on such date, as reported by The Wall Street Journal, for the over-the-counter market; or 

  

	 	(d)	if none of the foregoing is applicable, by the Board of Directors of the Company in good faith. 

“Insider” means an officer or director of the Company or any other person whose transactions in the Company’s
Common Stock are subject to Section 16 of the Exchange Act. 
 “Option” means an award of an option to
purchase Shares pursuant to Section 5. 
 “Parent” means any corporation (other than the Company) in an
unbroken chain of corporations ending with the Company, if at the time of the granting of an Award under the Plan, each of such corporations other than the Company owns stock possessing fifty percent (50%), or more, of the total combined voting
power of all classes of stock in one of the other corporations in such chain. 
 “Participant” means a person
who receives an Award under the Plan. 

  
 -14-

 “Plan” means this RingCentral, Inc. 2003 Equity Incentive Plan, as amended
from time to time. 
 “Restricted Stock Award” means an award of Shares pursuant to Section 6. 

“SEC” means the Securities and Exchange Commission. 

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

“Shares” means shares of the Company’s Common Stock reserved for issuance under the Plan, as adjusted pursuant to
Sections 2 and 15, and any successor security. 
 “Stock Bonus” means an award of Shares, or cash in lieu of
Shares, pursuant to Section 7. 
 “Subsidiary” means any corporation (other than the Company) in an
unbroken chain of corporations beginning with the Company if, at the time of granting of the Award, each of the corporations other than the last corporation in the unbroken chain owns stock possessing fifty percent (50%), or more, of the total
combined voting power of all classes of stock in one of the other corporations in such claim. 
 “Termination”
or “Terminated” means, for purposes of the Plan with respect to a Participant, that the Participant has ceased to provide services as an employee, director, consultant or adviser, to the Company or a Parent, Subsidiary or
Affiliate of the Company, except in the case of sick leave, military leave, or any other leave of absence approved by the Committee; provided, however, that such leave is for a period of not more than three months, or reinstatement upon the
expiration of such leave is guaranteed by contract or statute. The Committee shall have sole discretion to determine whether a Participant has ceased to provide services and the effective date on which the Participant ceased to provide services (the
“Termination Date”). 

  
 -15-

 Amendment No. 1 to 2003 Equity Incentive Plan 

December 1, 2006 

This Amendment No. 1 amends the 2003 Equity Incentive Plan (the “Plan”), effective as of December 1, 2006 (“Effective
Date”). Any capitalized term used, but not expressly defined herein, shall have the same meaning given to such term in the Plan. 

WHEREAS, Section 2.1 of the Plan reserves 1,100,000 Shares as the total number of Shares reserved and available for grant and issuance
pursuant to the Plan; and 
 WHEREAS, the Company desires and the Board has approved increasing the total number of Shares reserved and
available for grant under the plan to 3,242,500 Shares. 
 NOW, THEREFORE, BE IT RESOLVED: 

 

	 	1.	The first sentence of Section 2.1 of the Plan is hereby amended as follows: Subject to Sections 2.2 and 18, the total number of Shares reserved and available for
grant and issuance pursuant to the Plan shall be 3,242,500 Shares. 

  

	 	2.	Except for the amendment of the Plan as provided in Section 1 herein, all other terms and conditions of the Plan shall remain in full force and effect and shall
not be amended or otherwise changed by this Amendment No. 1. 

 Clarification of 2003 Equity Incentive Plan 

April 4, 2007 
 This
clarifies the 2003 Equity Incentive Plan, as amended (the “Plan”), effective as of April 4, 2007 (“Effective Date”). Any capitalized term used, but not expressly defined herein, shall have the same meaning given to such term
in the Plan. 
 WHEREAS, Section 2.1 of the Plan reserves 3,242,500 Shares as the total number of Shares reserved and available for
grant and issuance pursuant to the Plan; 
 WHEREAS, Section 2.1 of the Plan states that no individual may receive Awards of more
than 300,000 Shares; 
 WHEREAS, the Company has effected a two-for-one (2-for-1) forward stock split (“the Stock Split”) for
all Common Stock and Preferred Stock, including all Shares subject to the Plan, effective April 4, 2007; and 
 WHEREAS, pursuant to
Section 2.2 of the Plan, all Shares of Common Stock subject to the Plan is subject to automatic adjustment in connection with the Stock Split. 
 NOW, THEREFORE, BE IT RESOLVED: 
  

	 	1.	The Company desires to clarify and memorialize the following adjustment to Section 2.1 of the Plan in connection with the Stock Split as follows: Subject to
Sections 2.2 and 18, the total number of Shares reserved and available for grant and issuance pursuant to the Plan shall be 6,485,000 Shares. Subject to Sections 2.2 and 18, Shares shall again be available for grant and issuance in connection with
future Awards under the Plan that: (a) are subject to issuance upon exercise of an Option but cease to be subject to such Option for any reason other than exercise of such Option; (b) are subject to an Award granted hereunder but are
forfeited; or (c) are subject to an Award that otherwise terminates without Shares being issued. No individual may receive Awards of more than 600,000 Shares hereunder. 

 

	 	2.	Except for the amendment of the Plan as provided in Section 1 herein, all other terms and conditions of the Plan shall remain in full force and effect and shall
not be amended or otherwise changed by this Amendment No. 2. 

 Amendment No. 2 to 2003 Equity Incentive Plan 

October 17, 2007 

This Amendment No. 2 amends the 2003 Equity Incentive Plan, as amended (the “Plan”), effective as of October 17, 2007
(“Effective Date”). Any capitalized term used, but not expressly defined herein, shall have the same meaning given to such term in the Plan. 
 WHEREAS, Section 2.1 of the Plan states that no individual may receive Awards of more than 600,000 Shares; and 
 WHEREAS, the Company desires and the Board has approved an amendment under the Plan to increase the maximum number of Awards that an individual may receive to 1,000,000 Shares. 

NOW, THEREFORE, BE IT RESOLVED: 
  

	 	1.	The last sentence of Section 2.1 of the Plan is hereby amended as follows: No individual may receive Awards of more than 1,000,000 Shares hereunder.

  

	 	2.	Except for the amendment of the Plan as provided in Section 1 herein, all other terms and conditions of the Plan shall remain in full force and effect and shall
not be amended or otherwise changed by this Amendment No. 2. 

 Amendment No. 3 to 2003 Equity Incentive Plan 

December 18, 2009 

This Amendment No. 3 amends the 2003 Equity Incentive Plan, as amended (the “Plan”), effective as of December 18, 2009
(“Effective Date”). Any capitalized term used, but not expressly defined herein, shall have the same meaning given to such term in the Plan. 
 WHEREAS, Section 2.1 of the Plan reserves 6,485,000 Shares as the total number of Shares reserved and available for grant and issuance pursuant to the Plan; and 

WHEREAS, the Company desires and the Board has approved increasing the total number of Shares reserved and available for grant under the plan to
7,864,005 Shares. 
 NOW, THEREFORE, BE IT RESOLVED: 
  

	 	1.	The first sentence of Section 2.1 of the Plan is hereby amended as follows: Subject to Sections 2.2 and 18, the total number of Shares reserved and available for
grant and issuance pursuant to the Plan shall be 7,864,005 Shares. 

  

	 	2.	Except for the amendment of the Plan as provided in Section 1 herein, all other terms and conditions of the Plan shall remain in full force and effect and shall
not be amended or otherwise changed by this Amendment No. 3. 

 THE SECURITY REPRESENTED BY THIS CERTIFICATE HAS BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR
IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISPOSITION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE LAW. 
 RINGCENTRAL, INC 

2003 EQUITY INCENTIVE PLAN 
 STOCK OPTION AGREEMENT 
 I. NOTICE OF STOCK OPTION GRANT 

 

			
	Optionee’s Name and Address:	 	 
		
		 	 
		
		 	 

 You have been granted an option to purchase shares of Common Stock of the Company, subject to the terms
and conditions of the Plan and this Option Agreement, as follows: 
  

			
		
	Grant Number	  	  

		
	Date of Grant	  	  

		
	Vesting Commencement Date	  	  

		
	Exercise Price per Share	  	  

		
	Total Number of Shares Granted	  	  

		
	Total Exercise Price	  	  

		
	Type of Option:	  	[            ] Incentive Stock Option
		
		  	[            ] Non-Qualified Stock Option
		
	Term/Expiration Date:	  	  

 1. Vesting Schedule: 

Subject to other limitations set forth in this Agreement, this Option may be exercised, in whole or in part, in accordance with the
following schedule: 
 Provided Optionee continues to be an employee or consultant of the Company or any Subsidiary or Parent
throughout the specified period, as applicable, the Option shall become exercisable as to portions of the Shares as follows: (i) 25% of the Shares subject to this Option shall vest 12 months after the Vesting Commencement Date; and thereafter
(ii) 1/48th of the Shares subject to this Option shall vest on the day of each calendar month corresponding to the Vesting Commencement Date, subject to accelerated vesting of any unvested Shares in accordance with the terms and conditions of
Optionee’s written Employment or Consultant Agreement with the Company as in effect from time to time. If application of the vesting percentage results in a fractional Share, such Share shall be rounded down to a whole Share. 

2. Termination Period: 
 This Option, to the extent vested, may be exercised for 90 days after termination of the Optionee’s employment or consulting relationship, or such longer period as may be applicable upon death or
disability of Optionee as provided in the Agreement. In the event of the Optionee’s change in status from Employee to Consultant or Consultant to Employee, this Option Agreement shall remain in effect; provided, however, that in the event of a
change in status from Employee to Consultant, Optionee’s Incentive Stock Option shall cease to be treated as an Incentive Stock Option and shall be treated as a Non-Qualified Stock Option on the ninety-first (91st) day following such
change in status. In no event shall this Option be exercised later than the Term/Expiration Date as provided above. 
 II. AGREEMENT

 1. Grant of Option. RingCentral, Inc., a California corporation (the “Company”), hereby grants to the
Optionee named in the Notice of Stock Option Grant (the “Optionee”), an option (the “Option”) to purchase the total number of shares of Common Stock (the “Shares”) set forth in the Notice of Stock Option Grant, at the
exercise price per share set forth in the Notice of Stock Option Grant (the “Exercise Price”) subject to the terms, definitions and provisions of the Company’s 2003 Equity Incentive Plan (the “Plan”) adopted by the Company,
which is incorporated herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Option Agreement. 
 If designated in the Notice of Stock Option Grant as an Incentive Stock Option, this Option is intended to qualify as an Incentive Stock Option as defined in Section 422 of the Code. Nevertheless, to
the extent that it exceeds the $100,000 rule of Section 422(d) of the Code, this Option shall be treated as a Non-Qualified Stock Option. 
 2. Exercise of Option. 
 2.1 Right to Exercise. This Option shall be
exercisable during its term in accordance with the Vesting Schedule set out in the Notice of Stock Option Grant and with the applicable provisions of the Plan and this Option Agreement. In the event of termination of Optionee’s Continuous
Status as an Employee, Director or Consultant, this Option shall be exercisable in accordance with the applicable provisions of the Plan and this Option Agreement. This Option shall be subject to the provisions of Section 18 of the Plan
relating to the exercisability or termination of the Option in the event of a “corporate transaction.” 
 2.2
Method of Exercise. This Option shall be exercisable only by delivery of an Exercise Notice (attached as Exhibit A) which shall state the election to exercise the Option, the whole number of Shares in respect of which the Option is being
exercised, such other representations and 

 
agreements as to the holder’s investment intent with respect to such Shares and such other provisions as may be required by the Administrator. Such Exercise Notice shall be signed by the
Optionee and shall be delivered in person or by certified mail to the Secretary of the Company accompanied by payment of the Exercise Price. The Option shall be deemed to be exercised upon receipt by the Company of such written notice accompanied by
the Exercise Price. 
 No Shares will be issued pursuant to the exercise of the Option unless such issuance and such exercise
shall comply with all Applicable Laws. Assuming such compliance, for income tax purposes, the Shares shall be considered transferred to the Optionee on the date on which the Option is exercised with respect to such Shares. 

2.3 Taxes. No Shares will be issued to the Optionee or other person pursuant to the exercise of the Option until the Optionee or
other person has made arrangements acceptable to the Administrator for the satisfaction of foreign, federal, state and local income and employment tax withholding obligations. 
 3. Method of Payment. Payment of the Exercise Price shall be by any of the following, or a combination thereof, at the election of the Optionee, or any other form of consideration authorized in
writing by the Administrator; provided, however, that such exercise method does not then violate an Applicable Law: 
 3.1 cash;

 3.2 check; or 
 3.3 commencing at such time as the Company’s Common Stock is registered under Section 12 of the Securities Exchange Act of 1934, as amended, and the shares for which this Option is exercisable
are eligible for public resale under Rule 701 or are registered under a Form S-8 registration statement (or any applicable successor form thereto), and the Company’s stock is publicly traded on a national exchange or the Nasdaq Stock Market, by
delivery of a properly executed Exercise Notice together with such other documentation as the Administrator and the broker, if applicable, shall require to effect an exercise of the Option and delivery to the Company of the sale proceeds required to
pay the Exercise Price (i.e., a “net cashless exercise”). 
 4. Optionee’s Representations. By receipt of
this Option, by its execution, and by its exercise in whole or in part, Optionee represents to the Company that: 
 4.1 Optionee
acknowledges that both this Option and any Shares purchased upon its exercise are securities, the issuance by the Company of which requires compliance with federal and state securities laws; 

4.2 Optionee acknowledges that these securities are made available to Optionee only on the condition that optionee makes the
representations contained in this Section 4 to the Company; 
 4.3 Optionee has made a reasonable investigation of the
affairs of the Company sufficient to be well informed as to the rights and the value of these securities; 
 4.4 Optionee
understands that the securities have not been registered under the Securities Act of 1933, as amended, (the “Act”), or any applicable state law in reliance upon one or more specific exemptions contained in the Act and any applicable state
law, which may include reliance on Rule 701 promulgated under the Act, if available, or which may depend upon (i) Optionee’s bona fide 

  
 3. 

 
investment intention in acquiring these securities; (ii) Optionee’s intention to hold these securities in compliance with federal and state securities laws; (iii) Optionee having
no present intention of selling or transferring any part thereof (recognizing that the Option is not transferable) in violation of applicable federal and state securities laws; and (iv) there being certain restrictions on transfer of the Shares
subject to the Option; 
 4.5 Optionee understands that the Shares subject to this Option, in addition to other restrictions on
transfer, must be held indefinitely unless subsequently registered under the Act and any applicable state law, or unless an exemption from registration is available; that Rule 144, the usual exemption from registration under the Act, is only
available after the satisfaction of certain holding periods and in the presence of a public market for the Shares; that there is no certainty that a public market for the Shares will exist, and that otherwise it will be necessary that the Shares be
sold pursuant to another exemption from registration which may be difficult to satisfy; and 
 4.6 Optionee understands that the
certificate representing the Shares will bear a legend prohibiting their transfer in the absence of their registration or the opinion of counsel for the Company that registration is not required. 

4.7 Optionee understands that, even if this Option qualifies as an Incentive Stock Option and there is no regular federal income tax
liability or State income tax liability to the Optionee upon the exercise of the Option, the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price will be treated as an adjustment to the alternative
minimum tax for federal tax purposes and may subject the Optionee to the alternative minimum tax in the year of exercise. 
 5.
Restrictions on Exercise. This Option, if an Incentive Stock Option, may not be exercised until such time as the Plan has been approved by the stockholders of the Company. In addition, this Option may not be exercised if the issuance of the
Shares subject to the Option upon such exercise would constitute a violation of any Applicable Laws. 
 6. Termination of
Relationship. In the event the Optionee’s Continuous Status as an Employee, Director or Consultant terminates, the Optionee may, to the extent otherwise so entitled at the date of such termination (the “Termination Date”),
exercise this Option during the Termination Period set out in the Notice of Stock Option Grant. Except as provided in Sections 7 and 8, below, to the extent that the Optionee was not entitled to exercise this Option on the Termination
Date, or if the Optionee does not exercise this Option within the Termination Period, the Option shall terminate. 
 7.
Disability of Optionee. In the event the Optionee’s Continuous Status as an Employee, Director or Consultant terminates as a result of his or her disability, the Optionee may, but only within twelve (12) months from the Termination
Date (and in no event later than the Term/Expiration Date), exercise the Option to the extent otherwise entitled to exercise it on the Termination Date; provided, however, that if such disability is not a “disability” as such term is
defined in Section 22(e)(3) of the Code and the Option is an Incentive Stock Option, such Incentive Stock Option shall cease to be treated as an Incentive Stock Option and shall be treated as a Non-Qualified Stock Option on the
ninety-first (91st) day following the Termination Date. To the extent that the Optionee was not entitled to exercise the Option on the Termination Date, or if the Optionee does not exercise such Option to the extent so entitled within the time
specified herein, the Option shall terminate. 
 8. Death of Optionee. In the event of the Optionee’s death, the
Option may be exercised at any time within twelve (12) months following the date of death (and in no event later than the Term/Expiration Date), by the Optionee’s estate or by a person who acquired the right to exercise the Option by
bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death. 

  
 4. 

 9. Transferability of Option. This Option, if an Incentive Stock Option, may not be
transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of the Optionee only by the Optionee. This Option, if a Non-Qualified Stock Option, may be transferred by the
Optionee only in a manner and to the extent acceptable to the Administrator as evidenced by a writing signed by the Administrator on behalf of the Company and the Optionee consenting to such transfer, which consent may be withheld in the sole
discretion of the Administrator. The terms of this Option shall be binding upon the executors, administrators, heirs and successors of the Optionee. 
 10. Term of Option. This Option may be exercised only within the term set out in the Notice of Stock Option Grant, and may be exercised during such term only in accordance with the Plan and the
terms of this Option Agreement. In no event shall the term of this Option exceed ten years. 
 11. Tax Consequences. Set
forth below is a brief summary as of the date of this Option Agreement of some of the federal and State tax consequences of exercise of this Option and disposition of the Shares. THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND
REGULATIONS ARE SUBJECT TO CHANGE. OPTIONEE SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THIS OPTION OR DISPOSING OF THE SHARES. 
 11.1 Exercise of Incentive Stock Option. If this Option qualifies as an Incentive Stock Option, there will be no regular federal income tax liability or State income tax liability upon the exercise
of the Option, although the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price will be treated as an adjustment to the alternative minimum tax for federal tax purposes and may subject the Optionee
to the alternative minimum tax in the year of exercise. 
 11.2 Exercise of Incentive Stock Option Following Disability.
If the Optionee’s Continuous Status as an Employee, Director or Consultant terminates as a result of disability that is not total and permanent disability as defined in Section 22(e)(3) of the Code, to the extent permitted on the date of
termination, the Optionee must exercise an Incentive Stock Option within 90 days of such termination for the Incentive Stock Option to be qualified as an Incentive Stock Option. 

11.3 Exercise of Non-Qualified Stock Option. There may be a regular federal income tax liability and State income tax liability
upon the exercise of a Non-Qualified Stock Option. The Optionee will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Shares on the date of exercise
over the Exercise Price. If Optionee is an Employee or a former Employee, the Company will be required to withhold from Optionee’s compensation or collect from Optionee and pay to the applicable taxing authorities an amount in cash equal to a
percentage of this compensation income at the time of exercise, and may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise. 

11.4 Disposition of Shares. In the case of a Non-Qualified Stock Option, if Shares are held for at least one year, any gain
realized on disposition of the Shares will be treated as long-term capital gain for federal and State income tax purposes. In the case of an Incentive Stock Option, if Shares transferred pursuant to the Option
are held for at least one year after receipt of the Shares and are disposed of at least two years after the Date of Grant, any gain realized on disposition of the Shares also will be treated as long-term
capital gain for federal and State income tax purposes. If Shares purchased under an Incentive Stock Option are disposed of within such one-year or two-year periods, any
gain realized on such disposition will be treated as compensation income (taxable at ordinary income rates) to the extent of the difference between the Exercise Price and the lesser of (i) the Fair Market Value of the Shares on the date of
exercise, or (ii) the sale price of the Shares. 

  
 5. 

 12. Standoff Agreement. In connection with the first two (2) registrations of
the Company’s securities, Optionee agrees, upon the request of the Company and the underwriters managing such underwritten offering of the Company’s securities, not to sell, make any short sale of, loan, grant any option for the purchase
of, or otherwise dispose of any Shares (other than those included in the registration) without the prior written consent of the Company and such underwriters, as the case may be, for such period of time, not to exceed thirty (30) days before
and one hundred eighty (180) days, after the effective date of such registration as the underwriters may specify. The Company and underwriters may request such additional written agreements in furtherance of such standoff in the form reasonably
satisfactory to the Company and such underwriter. The Company may also impose stop-transfer instruction with respect to the shares subject to the foregoing restrictions until the end of said one hundred eighty (180) day period. 

13. Entire Agreement: Governing Law. The Plan is incorporated herein by reference. The Plan and this Option Agreement constitute
the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and the Optionee with respect to the subject matter hereof, and may not be modified
adversely to the Optionee’s interest except by means of a writing signed by the Company and Optionee. This agreement is governed by State law except for that body of law pertaining to conflict of laws. Upon any full or partial exercise of this
Option, Optionee agrees to release, and does release, any known or unknown claims that may exist in Optionee’s favor against the Company and any of its officers, directors, shareholders and employees and waives the provisions of California
Civil Code section 1542, which provides as follows: 
 “A general release does not extend to claims which the creditor does
not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.” 
 14. Headings. The captions used in this Option are inserted for convenience and shall not be deemed a part of this Option for construction or interpretation. 

15. Interpretation. Any dispute regarding the interpretation of this Option Agreement shall be submitted by the Optionee or by the
Company forthwith to the Board or the Administrator that administers the Plan, which shall review such dispute at its next regular meeting. The resolution of such dispute by the Board or the Administrator shall be final and binding on all persons.

  

			
	RINGCENTRAL, INC.,
	a California corporation
		
		 	
		
		 	
		 	Vlad Shmunis, CEO

  
 6. 

 OPTIONEE ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO THE OPTION HEREOF IS EARNED ONLY
BY CONTINUING CONSULTANCY OR EMPLOYMENT AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS AGREEMENT SHALL CONFER
UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH OPTIONEE’S RIGHT OR THE COMPANY’S RIGHT TO TERMINATE OPTIONEE’S EMPLOYMENT OR CONSULTANCY AT ANY
TIME, WITH OR WITHOUT CAUSE. 
 Optionee acknowledges receipt of a copy of the Plan and represents that he is familiar with
the terms and provisions thereof, and hereby accepts this Option Agreement subject to all of the terms and provisions thereof. Optionee has reviewed the Plan and this Option Agreement in their entirety, has had an opportunity to obtain the advice of
counsel prior to executing this Option Agreement and fully understands all provisions of the Option Agreement. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions
arising under the Plan or this Option Agreement. Optionee further agrees to notify the Company upon any change in the residence address indicated below. 
  

									
		 		 	
					
	Dated:	 	 	 		 	Signed:	 	 
		 		 		 		 	Name, Optionee
					
		 		 		 		 	Residence Address:
				
		 		 		 	  

				
		 		 		 	  

				
		 		 		 	  

  
 7. 

 EXHIBIT A 
 RINGCENTRAL, INC. 
 2003 EQUITY INCENTIVE PLAN 

EXERCISE NOTICE 

RINGCENTRAL, INC. 
  

 
  
 Attention: Secretary 
 1. Exercise of Option. Effective as of
today,                 , 20     , the undersigned,
                     (“Purchaser”), hereby elects to purchase
                            
(            ) shares (the “Shares”) of the Common Stock of RINGCENTRAL, INC., a California corporation (the “Company”), under and pursuant to the 2003 Equity
Incentive Plan (the “Plan”), and the Stock Option Agreement dated                          (the “Option
Agreement”). The purchase price per share for the Shares shall be                         
($          ) for an aggregate purchase price of $            , as required by the Option Agreement. 

2. Delivery of Payment. Purchaser herewith delivers to the Company the full purchase price for the Shares. I hereby elect
to pay the exercise price by the method marked below: 
 a.
             Cash 
 b.
             Check 
 c.
             Same day exercise and sale [If Public] 

3. [If Public] Broker Instructions. In the event I have elected to exercise options via the same day exercise and sale
method, you are hereby authorized to instruct                              (the
“Broker”) to accept the proceeds deriving from the sale of the Shares, and to take the following actions: (i) to deduct from the proceeds of the sale any Company expenses; (ii) to deduct from the proceeds any tax withholding
requested by the Company and to request in writing from the Company a statement of the tax amounts to be withheld, if no request has been given by the Company; (iii) to deliver the above amounts so deducted to the Company; and (iv) to
deliver the remaining proceeds to me as I shall direct the Broker. 
 These instructions shall be construed as authorizing the
Broker and the Company to take any other actions reasonably necessary to effect the purposes hereof and the Broker and the Company may rely upon any statements and undertakings made herein by the undersigned, as if said statements and undertakings
were made directly to the Broker and the Company. 
 I further acknowledge that I shall bear sole responsibility for any
commissions and fees relating to the performance of these instructions by the Broker or the Company, and any other banking activities and will, upon demand, indemnify and defend the Broker or the Company against any amounts which may be owing in
this regard. 

  
 8. 

 4. Representations of Purchaser. Purchaser acknowledges that Purchaser has
received, read and understood the Plan and the Option Agreement, and agrees to abide by and be bound by their terms and conditions. 
 5. Rights as Stockholder. Until the issuance (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company) of the stock
certificate evidencing such Shares, no right to vote or receive dividends or any other rights as a Stockholder shall exist with respect to the Shares, notwithstanding the exercise of the Option. In the event Purchaser has not sold the Shares in a
same day exercise and sale, a share certificate for the number of Shares so acquired shall be issued to the Purchaser as soon as practicable after exercise of the Option. No adjustment will be made for a dividend or other right for which the record
date is prior to the date the stock certificate is issued, except as provided in the Plan. 
 6. Tax Consultation; Payment
of Taxes. Purchaser understands that Purchaser may suffer adverse tax consequences as a result of Purchaser’s purchase or disposition of the Shares. Purchaser represents that Purchaser has consulted with any tax consultants Purchaser
deems advisable in connection with the purchase or disposition of the Shares and that Purchaser is not relying on the Company for any tax advice. 
 Purchaser agrees to satisfy all applicable federal, state and local income and employment tax withholding obligations with respect to the exercise of the Option and, if applicable, the sale of the Shares
and will, upon demand, indemnify and defend the Company and, if applicable, the Broker, against any amounts which may be owing in this regard. Purchaser also agrees, as partial consideration for the designation of the Option as an Incentive Stock
Option, if applicable, to notify the Company in writing within thirty (30) days of any disposition of any Shares acquired by exercise of the Option if such disposition occurs within two (2) years from the Date of Grant or within
one (1) year from the date the Shares were transferred to Purchaser. If the Company is required to satisfy any federal, state or local income or employment tax withholding obligations as a result of such an early disposition, Purchaser agrees
to satisfy the amount of such withholding in a manner that the Administrator prescribes. 
 7. Entire Agreement.
The Plan and Option Agreement are incorporated herein by reference. This Agreement, the Plan and the Option Agreement constitute the entire agreement of the parties and supersede in their entirety all prior undertakings and agreements of the Company
and Purchaser with respect to the subject matter hereof. Upon any full or partial exercise of this Option Agreement, Purchaser agrees to release, and does release, any known or unknown claims that may exist in Purchaser’s favor against the
Company and any of its officers, directors, shareholders and employees and waives the provisions of California Civil Code section 1542, which provides as follows: 
 “A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially
affected his settlement with the debtor.” 
 8. Successors and Assigns. The Company may assign any of its
rights under this Exercise Notice to single or multiple assignees, and this Agreement shall inure to the benefit of the successors and assigns of the Company. This Exercise Notice shall be binding upon Purchaser and his or her heirs, executors,
administrators, successors and assigns. 
 9. Headings. The captions used in this Agreement are inserted for
convenience and shall not be deemed a part of this Agreement for construction or interpretation. 

  
 9. 

 10. Interpretation. Any dispute regarding the interpretation of this Exercise
Notice shall be submitted by Purchaser or by the Company forthwith to the Company’s Board of Directors or the Administrator that administers the Plan, which shall review such dispute at its next regular meeting. The resolution of such a dispute
by the Board or Administrator shall be final and binding on all persons. 
 11. Governing Law; Severability. This
Agreement shall be governed by and construed in accordance with the laws of the State of California excluding that body of law pertaining to conflicts of law. Should any provision of this Agreement be determined by a court of law to be illegal or
unenforceable, the other provisions shall nevertheless remain effective and shall remain enforceable. 
 12.
Notices. Any notice required or permitted hereunder shall be given in writing and shall be deemed effectively given upon personal delivery or upon deposit in the United States mail by certified mail, with postage and fees prepaid,
addressed to the other party at its address as shown below beneath its signature, or to such other address as such party may designate in writing from time to time to the other party. 

13. Further Instruments. The parties agree to execute such further instruments and to take such further action as may be
reasonably necessary to carry out the purposes and intent of this agreement. 
  

							
	Submitted by:	 		 	Accepted by:
			
	PURCHASER:	 		 	RINGCENTRAL, INC.
				
	 	 		 	By:	 	 
	(Signature)	 		 		 	 (Signature)
  

		 		 	
	(Print Name)	 		 	  
 (Print Name and
Title)

			
	Address:	 		 	Address:
		 		 		 	
	 	 		 	  

			
	 	 		 	  

  
 10.

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