Document:

2003 Stock Option Plan, as amended

 Exhibit 10.2 
 SILVER SPRING NETWORKS, INC. 
 AMENDED AND RESTATED 

2003 STOCK OPTION PLAN 
 adopted by the Board and Stockholders on November 24, 2003 
 (amended
on December 31, 2003, June 17, 2004, February 11, 2005, May 19, 2005, 

December 28, 2005, June 1, 2007, December 5, 2007, September 29, 2008, December 16,
2008,
 March 18, 2009, August 21, 2009, October 9, 2009, February 6,
2010, November 12, 2010, 
 March 30, 2011 and March 2, 2012) 

1. Purpose and Types of Awards. This 2003 Stock Option Plan (the “Plan”) is intended to increase
the incentives of, and encourage stock ownership by, officers, directors, employees, consultants and other independent contractors (including members of the Company’s Board of Directors who are not employees of the Company) providing services
to Silver Spring Networks, Inc., a Delaware corporation (the “Company”), or to corporations which are or become parent corporations or subsidiary corporations of the Company. As used in this Plan, the terms “Parent
corporation” and “Subsidiary corporation” shall have the meanings set forth in Sections 424(e) and (f), respectively, of the Internal Revenue Code of 1986, as amended (“Internal Revenue
Code”). The Plan is intended to provide such officers, directors, employees and consultants and other independent contractors with a proprietary interest (or to increase their proprietary interest) in the Company, and to encourage them
to continue their employment or engagement by the Company or any parent or subsidiary of the Company. Awards granted pursuant to the Plan, at the discretion of the Company’s Board of Directors (“Board”), may be either
options or restricted stock units (“RSUs”). Options granted pursuant to the Plan, at the discretion of the Board, may be either incentive stock options within the meaning of Section 422 of the Internal Revenue Code, or
options that do not so qualify as incentive stock options and which are referenced herein as non-statutory stock options. This Plan is intended to be a written compensatory benefit plan within the meaning of Rule 701 of the Securities Act of 1933,
as amended (“Securities Act”). 
 2. Stock. The capital stock subject
to the Plan shall be shares of the Company’s authorized but unissued Common Stock (“Common Stock”). Subject to adjustments pursuant to Section 9 hereof, the maximum aggregate number of shares of Common Stock which
may be issued under the Plan is 41,384,9431, or such
lesser number of shares of Common Stock as permitted under Section 260.140.45 of Title 10 of the California Code of Regulations. In the event that any outstanding award under the Plan shall expire by its terms or is otherwise terminated for any
reason (or if shares of Common Stock of the Company which are issued upon exercise of an option granted hereunder are subsequently reacquired by the Company pursuant to contractual rights of the Company under the particular award agreement), the
shares of the Common Stock allocated to the unexercised portion of such option (or the shares so reacquired by the Company pursuant to the terms of the stock option agreement) or to the unvested portion of such RSU shall again become available to be
made subject to awards granted under 
  

	1 	 The initial number of shares of Common Stock reserved for issuance under the Plan is 4,229,100 shares, approved by the Board and Stockholders on
November 24, 2003, which was subsequently increased to 4,600,000 shares by the Board and Stockholders on December 31, 2003, followed by a decrease to 2,245,000 shares by the Board on June 17, 2004. Thereafter, the Board and
Stockholders approved an increase of the Plan to 2,595,000 shares on February 11, 2005; an increase of the Plan to 5,595,000 shares on May 19, 2005; an increase of the Plan to 7,395,000 shares on December 28, 2005; an increase of the
Plan to 9,895,000 shares on June 1, 2007; an increase of the Plan to 15,395,000 shares on December 5, 2007; an increase of the Plan to 21,820,581 shares on September 29, 2008; a decrease of the Plan to 19,341,331 shares on
December 16, 2008; an increase of the Plan to 22,341,331 shares on March 18, 2009; an increase of the Plan to 24,291,331 shares on August 21, 2009; an increase of the Plan to 27,891,331 shares on October 9, 2009; an increase to
the Plan to 31,891,331 shares on February 6, 2009; an increase to the Plan to 34,391,331 shares on November 12, 2010; an increase to the Plan to 35,391,331 shares on March 30, 2011; and an increase to the Plan to 41,384,943 shares on
March 2, 2012. 

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the Plan. Notwithstanding any other provision of this Plan, the aggregate number of shares of Common Stock subject to outstanding awards granted under this Plan at any given time, plus the
aggregate number of shares which have been issued upon either exercise of all options or settlement of RSUs granted under this Plan and which remain outstanding, shall never be permitted to exceed the maximum number of shares specified above in this
Section 2 (subject to adjustments under Section 9). 
 3. Administration. The Plan shall be administered
by the Board. The interpretation and construction by the Board of any provision of this Plan, or of any award granted pursuant hereto, shall be final, binding and conclusive. No member of the Board shall be liable to the Company or to any Subsidiary
or Parent corporation, or to the holder of any award granted hereunder, for any action, inaction, determination or interpretation made in good faith with respect to the Plan or any transaction hereunder. Notwithstanding the foregoing, the Board
shall have the authority to delegate some or all of its duties to administer this Plan and to exercise its powers hereunder to a committee (“Committee”) appointed by the Board. For purposes of this Plan, all references herein
to “Board” shall be deemed to also refer to any such Committee. Any Committee charged with administration of the Plan shall have all the powers and protections provided to the Board under this Plan until the Board shall revoke or restrict
such powers or protections. More specifically, the Board, subject to compliance with the remaining provisions of this Plan, shall have the following powers and authority (which listing is provided by way of example and is not intended to be
comprehensive or limiting to the extent of powers not included): 
 3.1 Selection of Award Recipients. To
determine the persons providing services to the Company to whom, and the time or times at which, options to purchase Common Stock of the Company and/or RSUs to acquire Common Stock of the Company shall be granted; 

3.2 Number of Award Shares. To determine the number of shares of Common Stock to be subject to awards granted to each such
person; 
 3.3 Exercise Price. To determine the price to be paid for the shares of Common Stock upon the exercise
of each option; 
 3.4 Term and Exercise Schedule. To determine the term, vesting and exercise schedule of each
award; 
 3.5 Other Terms of Awards. To determine the terms and conditions of each stock option agreement or RSU
agreement(which need not be identical) entered into between the Company and any person to whom the Board determines to grant an award; 
 3.6 Interpretation of Plan. To interpret the Plan and to prescribe, amend and rescind rules and regulations relating to the Plan; 

3.7 Amendment of Awards. With the consent of the holder thereof, to modify or amend any award granted under the Plan; and

 3.8 General Authority. To take such actions and make such determinations deemed necessary or advisable by the
Board for the administration of the Plan, subject to complying with the Plan and with applicable legal requirements. 
 4.
Eligibility and Issuance of Awards. 

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 4.1 Authority to Grant and Eligibility. The Board shall have full and
final authority, in its discretion and at any time and from time to time during the term of this Plan, to grant or authorize the granting of awards to such officers, directors and employees of, and consultants and other independent contractors
retained by, the Company or its Parent or Subsidiary corporations as it may select, and to determine the number of shares of Common Stock to be subject to each award. Any individual who is eligible to receive an award under this Plan shall be
eligible to hold more than one award at any given time, in the discretion of the Board. The Board shall have full and final authority in its discretion to determine, in the case of employees (including employees that are officers or directors),
whether such options shall be incentive stock options or non-statutory stock options; however, no incentive stock option may be granted to any person who is not a bona fide employee of the Company or of a Parent or Subsidiary corporation of
the Company. Persons selected by the Board who are prospective employees of, or consultants or other independent contractors to be retained by, the Company or its Parent or Subsidiary corporations, including members of the Board, shall be eligible
to receive non-statutory stock options or RSUs; provided, however, that in the case of such prospective employment or other engagement, the exercisability of such options or the settlement of such RSUs shall be subject in each case to such person in
fact becoming an employee or consultant or other independent contractor, as applicable, of the Company or its Parent or Subsidiary corporations. 
 4.2 Certain Restrictions Applicable to Incentive Stock Options. No incentive stock option shall be granted to any person who, at the time such incentive stock option is granted, owns stock
possessing more than ten percent (10%) of the total combined voting power of all classes of outstanding capital stock of the Company, or of any Parent corporation or Subsidiary corporation of the Company (a “ten percent
holder”), unless the exercise price (as provided in Section 5.1 hereof) is not less than one hundred ten percent (110%) of the fair market value of the Common Stock on the date the stock option is granted and the period within
which the incentive stock option may be exercised (as provided in Section 5.2 hereof) does not exceed five (5) years from the date the incentive stock option is granted. In determining stock ownership for purposes of this Section 4.2,
the provisions of Section 422(b)(6) of the Internal Revenue Code shall control. An employee shall be considered as owning the voting capital stock owned, directly or indirectly, by or for his or her brothers and sisters, spouse, ancestors and
lineal descendants. Voting capital stock owned, directly or indirectly, by or for a corporation, partnership, estate or trust shall be considered as being owned proportionately by or for its stockholders, partners or beneficiaries, as applicable.
Additionally, for purposes of this Section 4.2, outstanding capital stock shall include all capital stock actually issued and outstanding immediately after the grant of the option to the employee. Outstanding capital stock shall not include
capital stock authorized for issue under outstanding options or RSUs held by the employee or by any other person. Additionally, the aggregate fair market value (determined as of the date an option is granted) of the Common Stock with respect to
which incentive stock options granted are exercisable for the first time by an employee during any one calendar year (under this Plan and under all other incentive stock option plans of the Company and of any Parent or Subsidiary corporation) shall
not exceed One Hundred Thousand Dollars ($100,000). If the aggregate fair market value (determined as of the date an option is granted) of the Common Stock with respect to which incentive stock options granted are exercisable for the first time by
an employee 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 of Common Stock to become exercisable in such calendar year shall be incentive
stock options and the options for the amount in excess of One Hundred Thousand Dollars ($100,000) that become exercisable in that calendar year shall be non-statutory stock options. In the event that the Internal Revenue Code or the regulations
promulgated thereunder are amended after the effective date of the Plan to provide for a 

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different limit on the fair market value of shares of Common Stock permitted to be subject to incentive stock options, such different limit shall be automatically incorporated herein and shall
apply to options granted after the effective date of such amendment. In no event shall the total number of shares of Common Stock issued (counting each reissuance of a share that was previously issued and then forfeited or repurchased by the Company
as a separate issuance) under the Plan upon exercise of incentive stock options exceed One Hundred Fifty-Three Million Nine Hundred Fifty Thousand (153,950,000) shares (adjusted in proportion to any adjustments under Section 2 hereof) over
the term of the Plan. 
 4.3 Date of Grant. The date on which an award shall be granted shall be stated in each
option agreement or RSU agreement and shall be the date of the Board’s authorization of such grant or such later date as may be set by the Board at the time such grant is authorized. 

5. Terms and Provisions of Option Agreements. Each option granted under the Plan shall be evidenced by a stock option
agreement between the person to whom the option is granted and the Company. Each such agreement shall be subject to the following terms and conditions, and to such other terms and conditions not inconsistent herewith as the Board may deem
appropriate in each case: 
 5.1 Exercise Price. The price to be paid for each share of Common Stock upon the
exercise of an option shall be determined by the Board at the time the option is granted; provided however that no option shall have an exercise price less than one hundred percent (100%) of the fair market value of the Common Stock on the date
the option is granted unless expressly approved otherwise by the Board; and any incentive stock option granted to a ten percent (10%) stockholder shall have the exercise price set as provided in Section 4.2 hereof. For all purposes of this
Plan, the fair market value of the Common Stock on any particular date shall be determined as follows: 
 5.1.1 If such
Common Stock is publicly traded and is then listed on a national securities exchange, its last reported sale price on the national securities exchange on which the Common Stock is then listed on the trading day next preceding that date or, if no
such reported sale takes place on the trading day next preceding such date, the average of its closing bid and asked prices on the national securities exchange on which the Common Stock is then listed on the trading day next preceding such date; or

 5.1.2 If none of the foregoing is applicable, by the Board in good faith, with such determination being based upon
past arms’-length sales by the Company of its equity securities and other factors considered relevant in determining the Company’s fair value. 
 5.1.3 Notwithstanding anything to the contrary in this Section 5.1, any Option Agreement may provide for alternative means of valuation for the purpose of repurchase at fair market value of
shares acquired. 
 5.2 Term of Options. The period or periods within which an option may be exercised shall be
determined by the Board at the time the option is granted, but no exercise period shall exceed ten (10) years from the date the option is granted (or five (5) years in the case of any incentive stock option granted to a ten percent
(10%) stockholder as described in Section 4.2 hereof). An option granted to an employee who is a non-exempt employee for purposes of overtime pay under the Fair Labor Standards Act of 1938, shall not be exercisable earlier than six
(6) months after its date of grant except for death, disability or a change in control of the Company under Section 9.2 

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 5.3 Non-Assignability. No stock option granted under the Plan shall be
assignable or transferable by an optionee except by will or the laws of descent and distribution and shall be exercisable only by the optionee during his or her lifetime. For the avoidance of doubt, the prohibition against assignment and transfer
applies to a stock option and, prior to exercise, the shares to be issued on exercise of a stock option, and pursuant to the foregoing sentence shall be understood to include, without limitation, a prohibition against any pledge, hypothecation, or
other transfer, including any short position, any “put equivalent position” or any “call equivalent position” (in each case, as defined in Rule 16a-1 promulgated under the Securities Exchange Act of 1934, as amended (the
“Exchange Act”)). 
 5.4 Exercisability. Stock options granted under this Plan shall be
exercisable at such future time or times (or may be fully exercisable upon grant), whether or not in installments, as shall be determined by the Board and provided in the form of stock option agreement. Notwithstanding any other provisions of this
Plan, no option may be exercised after the expiration of ten (10) years from the date of grant. 
 5.5 Method of
Payment for Common Stock Upon Exercise. Except as otherwise provided in the applicable stock option agreement (subject to the limitations of this Plan), the exercise price for each share of Common Stock purchased under an option shall be
paid in full in cash at the time of purchase (or by check acceptable to the Board). At the discretion of the Board, the stock option agreement may provide for (or the Board may permit) the exercise price to be paid by one or more of the following
additional alternative methods: (i) the surrender of shares of the Company’s Common Stock, in proper form for transfer, owned by the person exercising the option and having a fair market value on the date of exercise equal to the exercise
price, provided that such shares (A) have been outstanding for more than six (6) months and have been paid for within the meaning of Rule 144 under the Securities Act (and, if such shares were purchased from the Company by use of a
promissory note, such note has been fully paid with respect to such shares) or (B) were obtained by the optionee in the public market, (ii) to the extent permitted under the applicable provisions of applicable state law, the delivery by
the person exercising the option of a full recourse promissory note executed by such person, bearing interest at a per annum rate which is not less than the “test rate” as set by the regulations promulgated under Sections 483 or 1274,
as applicable, of the Internal Revenue Code and as in effect on the date of exercise, or (iii) any combination of cash, shares of Common Stock or promissory notes, so long as the sum of the cash so paid, plus the fair market value of the shares
of Common Stock so surrendered and the principal amounts of the promissory notes so delivered, is equal to the aggregate exercise price. Without limiting the generality of the foregoing, the form of option agreement may provide (or the Board may
permit) that the option be exercised through a “net issue” exercise procedure (cash-less exercise), whereby the optionee may elect to receive shares of the Company’s Common Stock having an aggregate fair market value at the date of
exercise equal to the net value of the portion of the option so exercised as of the exercise date. For purposes of the foregoing, the net value of any option (or portion thereof) as of such exercise date shall be equal to the aggregate fair market
value of the shares subject to the option (or portion thereof being exercised) less the aggregate exercise price of the option (or portion thereof). In such event the Company shall issue to the optionee a number of shares of the Company’s
Common Stock having a fair market value as of the date of exercise equal to the net value of the option (or portion thereof being exercised). No share of Common Stock shall be issued under any option until full payment therefor has been made in
accordance with the terms of the stock option agreement (and in compliance with the Plan). Any promissory note accepted upon the exercise of an option from a person who is a consultant or other independent contractor retained by the Company or any
Parent or Subsidiary corporation shall be adequately secured by collateral other than the shares of the Common Stock 

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acquired upon such exercise in accordance with Section 409 of the California Corporations Code. Notwithstanding the foregoing, an option may not be exercised by surrender to the Company of
shares of the Company’s Common Stock to the extent such surrender of stock would constitute a violation of the provisions of any law, regulation and/or agreement restricting the redemption of the Company’s Common Stock. Additionally, if
permitted by the form of stock option agreement, or at the Board’s discretion, any such promissory note may permit the payment of principal and interest accruing thereunder by surrender of shares of the Company’s Common Stock, in proper
form for transfer, and having a fair market value on the date of payment and surrender equal to the dollar amount to be applied to principal and accrued interest thereunder. No promissory note shall be permitted if the exercise of an option using a
promissory note will be in violation of any law. 
 5.6 Termination of Employment Provisions Applicable to Incentive Stock
Options. Each stock option agreement granted by the Board as an incentive stock option shall comply with the following provisions relating to early termination of the option based upon termination of the optionee’s service to the
Company: 
 5.6.1 Death. If the optionee’s service with the Company is terminated because of the death of
optionee, any stock option which such optionee holds may be exercised, to the extent it was exercisable at the date of death, within such period after the date of death as the Board shall prescribe in the stock option agreement (but not less than
six (6) months nor more than twelve (12) months after death), by the optionee’s representative or by the person entitled thereto under the optionee’s will or the laws of intestacy. If the option is not so exercised in accordance
with the foregoing, it shall terminate upon the expiration of such prescribed period. 
 5.6.2 Disability. If the
optionee’s employment with the Company is terminated because of the disability of the optionee, any stock option which the optionee holds may be exercised by the optionee or the optionee’s estate within such period after the date of
termination of employment resulting from such disability (but not less than six (6) months nor more than twelve (12) months after termination by reason of disability) as the Board shall prescribe in the stock option agreement, to the
extent such option would otherwise be exercisable on the date of such termination. If the option is not so exercised in accordance with the foregoing, it shall terminate upon the expiration of such prescribed period, unless the optionee dies prior
thereto, in which event the optionee shall be treated as though his or her death occurred on the date of termination resulting from such disability and the provisions of Section 5.6.1 hereof shall apply. 

5.6.3 Cause. If the optionee’s employment is terminated for “cause” as defined by the terms of the Plan,
the option agreement, a contract of employment or other service contract, or applicable law, any option held by the optionee shall expire on the optionee’s termination date or at such later time and on such conditions as determined by the
Board, in its sole discretion. In the absence of any other provisions in the option agreement, the term “cause” shall be defined as the willful breach or habitual neglect of the duties which the optionee is required to perform under his or
her employment or other service agreement with the Company, or any act of dishonesty, fraud, misrepresentation or other acts of moral turpitude as would prevent the effective performance of the optionee’s duties. 

5.6.4 Transfer to Related Corporation. In the event that an optionee leaves the service of the Company to enter the
service of any Parent or Subsidiary corporation of the Company, or if the optionee leaves the service of any such Parent or Subsidiary corporation to enter the service of 

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the Company or of another Parent or Subsidiary corporation, such optionee shall be deemed to continue in service of the Company for all purposes of this Plan, and any reference to service with
the Company shall also be deemed to refer to service with any Parent or Subsidiary of the Company. 
 5.6.5 Other
Severance. In the event an optionee of the Company leaves the services of the Company for any reason other than as set forth above in this Section 5.6, any stock option which such optionee holds must be exercised, to the extent it was
exercisable at the date such employee left the services of the Company, not later than three (3) months after the date on which the employee’s employment terminates (or such shorter or longer period as may be prescribed in the option
agreement, the minimum specified period being thirty (30) days) unless the optionee dies prior to the end of such three (3) month period, in which event the optionee shall be treated as though the optionee had died on the date of
termination and the provisions of Section 5.6.1 hereof shall apply. The stock option shall terminate upon the expiration of such prescribed period. 
 5.6.6 Extension if Exercise Prevented by Law. Notwithstanding the foregoing, if the exercise of an option within the applicable time periods set forth above is prevented because the issuance
of shares upon such exercise would constitute a violation of any applicable federal, state or foreign securities law or other law or regulation, the option shall remain exercisable until three (3) months after the date the optionee is notified
by the Company that the option is exercisable, but in any event no later than the expiration of ten (10) years from the date of grant. 
 5.6.7 Extension if Optionee Subject to Section 16(b). Notwithstanding the foregoing, if a sale within the applicable time periods set forth in this Section 5.6 of shares acquired
upon the exercise of the option would subject the optionee to liability under Section 16(b) of the Exchange Act, the option shall remain exercisable until the earliest to occur of (i) the tenth (10th) day following the date on which a
sale of such shares by the optionee would no longer be subject to such liability, (ii) the one hundred and ninetieth (190th) day after the optionee’s termination of service, or (iii) the option expiration date. 

5.7 Termination of Service Provisions Applicable to Non-Statutory Stock Options. Subject to the requirements of all
applicable laws, rules or regulations, each stock option agreement granted by the Board as a non-statutory stock option agreement shall contain such provisions relating to early termination of the option based upon termination of the optionee’s
service to the Company as determined by the Board in connection with the grant of such non-statutory stock option. In addition, such non-statutory stock option shall be subject to the provisions of Sections 5.6.7 and 5.6.8 of this Plan. 

5.8 All Options Subject to Terms of this Plan. In addition to the provisions contained in any option agreement granted
under this Plan, each such stock option agreement shall provide that the same is subject to the terms and conditions of this Plan and each optionee shall be given a copy of this Plan. Further, any terms or conditions contained in any such stock
option agreement granted hereunder which are inconsistent in any respect with the provisions of this Plan shall be disregarded and void, or shall be deemed amended to the extent necessary to comply with the provisions of this Plan and the intent of
the Board. 
 5.9 Other Provisions. Option agreements under the Plan shall contain such other provisions,
including, without limitation: (i) restrictions and conditions upon the exercise of the option, 

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(ii) rights of first refusal in favor of the Company (or its assignees) applicable to shares of Common Stock acquired upon exercise of an option which are subsequently proposed to be transferred
by the optionee, (iii) lock-up agreements (applicable in the event of the public offering of the Common Stock of the Company) restricting an optionee from any sales or other transfers of option stock for a designated period of time following
the effective date of a registration statement under the Securities Act, (iv) other restrictions on the transferability or right to retain shares of the Common Stock received upon the exercise of the option including repurchase rights at
original cost based on a vesting schedule, (v) any commitments to pay cash bonuses, make loans or transfer other property to an optionee upon exercise of any option, and (vi) restrictions required by federal and applicable state securities
laws, all as the Board shall deem necessary or advisable; provided that no such additional provision shall be inconsistent with any other term or condition of this Plan or applicable state law and no such additional provision shall cause any
incentive stock option granted pursuant to this Plan to fail to qualify as an incentive stock option under Section 422 of the Internal Revenue Code. Without limiting the generality of the foregoing, the Board may provide in the form of stock
option agreement that, (A) in lieu of an exercise schedule, the option may immediately be exercisable in full and provide a “vesting schedule” with respect to the stock so purchased, giving the Company (or its assignees) the right to
repurchase the shares of Common Stock at cost (or some other specified amount) to the extent such shares have not become vested upon any termination of the optionee’s employment or other engagement with the Company, which vesting may depend
upon or be restated to the attainment of the time periods, or continued service to the Company pursuant to which the obligation to resell such shares to the Company shall lapse; (B) optionee’s service or employment with the Company shall
not be deemed to have terminated merely because of a change in the capacity in which the optionee renders service provided there is no interruption or termination of the optionee’s service; or (C) an exercise or vesting schedule shall be
accelerated upon the consummation of a “change in control” or similar event or any other event determined advisable by the Board. 
 5.10 Information to Optionees. If the Company is relying on the exemption from registration under Section 12(g) of the Exchange Act pursuant to Rule 12h-1(f)(1) promulgated under
the Exchange Act, then the Company shall provide the Required Information (as defined below) in the manner required by Rule 12h-1(f)(1) to all optionees every six months until the Company becomes subject to the reporting requirements of
Section 13 or 15(d) of the Exchange Act or is no longer relying on the exemption pursuant to Rule 12h-1(f)(1); provided, that, prior to receiving access to the Required Information the optionee must agree to keep the Required
Information confidential pursuant to a written agreement in the form provided by the Company. For purposes of this Section 5.10, “Required Information” means the information described in Rules 701(e)(3), (4) and
(5) under the Securities Act, with the financial statements being not more than 180 days old. 
 6. Terms and
Provisions of Restricted Stock Units. An RSU is an award to an eligible person covering a number of shares of Common Stock that may be settled in cash, or by issuance of those shares of Common Stock (which may consist of restricted stock)
for services to be rendered or for past services already rendered to the Company or any Parent corporation or Subsidiary corporation. 
 6.1 Awards of Restricted Stock Unit Agreements. All RSUs shall be made pursuant to a RSU agreement, which shall be in substantially a form (which need not be the same for each RSU recipient)
that the Board has from time to time approved, and will comply with and be subject to the terms and conditions of the Plan. 

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 6.2 Terms of RSUs. The Board will determine the terms of a RSU including, without
limitation: (a) the number of shares of common stock deemed subject to the RSU; (b) the time or times during which the RSU may be exercised; (c) the consideration to be distributed on settlement, and the effect on each RSU of the RSU
recipient’s termination of employment. A RSU may be awarded upon satisfaction of such performance goals based on performance factors during any performance period as are set out in advance in the RSU recipient’s individual RSU agreement.
If the RSU is being earned upon satisfaction of performance goals, then the Board will: (x) determine the nature, length and starting date of any performance period for the RSU; (y) select from among the performance factors to be used to
measure the performance, if any; and (z) determine the number of shares of Common Stock deemed subject to the RSU. 

6.3 Form and Timing of Settlement. The portion of a RSU being settled shall be paid within ninety (90) days of
vesting. Payment may be made in the form of cash or whole shares of Common Stock or a combination thereof. 
 6.4 No
Transfer. For the avoidance of doubt, the prohibition against transfer set forth in each RSU applies to the RSU and, prior to settlement, the shares to be issued on settlement of the RSU, and pursuant to the foregoing sentence shall be
understood to include, without limitation, a prohibition against any pledge, hypothecation, or other transfer, including any short position, any “put equivalent position” or any “call equivalent position” (in each case, as
defined in Rule 16a-1 promulgated under the Exchange Act). 
 6.5 Information to Holders of RSUs. If the Company
is relying on the exemption from registration under Section 12(g) of the Exchange Act pursuant to Rule 12h-1 promulgated under the Exchange Act, then the Company shall provide the Required Information (as defined in Section 5.10) by a method allowed
under Rule 12h-1 to all holders of RSUs every six months until the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act or is no longer relying on the exemption pursuant to Rule 12h-1; provided, that,
prior to receiving access to the Required Information the holder of the RSU must agree to keep the Required Information confidential pursuant to a written agreement in the form provided by the Company. 

7. Securities Law and Other Regulatory Requirements. This Plan is intended to comply with Section 25102(o) of the
California Corporations Code. Any provision of this Plan which is inconsistent with Section 25102(o) shall, without further act or amendment by the Company or the Board, be reformed to comply with the requirements of Section 25102(o). The
Board shall require any potential award recipient, as a condition of the exercise of an option or the settlement of an RSU, to represent and establish to the satisfaction of the Board that all shares of Common Stock to be acquired upon the exercise
of such option or the settlement of such RSU will be acquired for investment and not for resale. No shares of Common Stock shall be issued upon either the exercise of any option or the settlement of an RSU unless and until: (i) the Company and
the award recipient have satisfied all applicable requirements under the Securities Act and the Exchange Act, (ii) any applicable listing requirement of any stock exchange on which the Company’s Common Stock is listed has been satisfied,
and (iii) all other applicable provisions of state and federal law have been satisfied. The Board shall cause such legends to be placed on certificates evidencing shares of Common Stock issued upon exercise of an option or settlement of an RSU
as, in the opinion of the Company’s counsel, may be required by federal and applicable state securities laws. 
 8.
Withholding Taxes. The exercise of any option or the vesting and settlement of any RSU granted under this Plan shall be conditioned upon the award recipient’s payment to the Company of all amounts (in addition to the exercise price)
required to meet federal, state, local or foreign taxes of any kind required by law to be withheld with respect to shares to be issued on exercise of such option or settlement of such RSU. The Board, in its discretion, may declare cash bonuses to an
award recipient to satisfy any such withholding requirements or may incorporate provisions in the form of stock option agreement or RSU agreement allowing (or after grant of the option or RSU may permit, in its discretion) an award recipient to
satisfy any such withholding obligations, in whole or in part, by delivery of shares of the Company’s Common Stock already owned by the award recipient and which are not subject to repurchase, forfeiture, vesting or other similar requirements
or restrictions. The fair market value of any such shares used to satisfy such withholding obligations shall be determined as of the date the amount of tax to be withheld is to be determined. The Company shall have the right at any time to deduct
from payments of any kind otherwise due to the award recipient (whether shares of Common Stock issuable upon exercise of an option or settlement of an RSU, regular salary, commissions, or otherwise) any federal, state or local taxes of any kind
required by law to be withheld with respect to any shares issued upon exercise of options or settlement of RSUs granted under the Plan. 

 2003 Stock Option Plan 

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 9. Adjustments Upon Changes in Capitalization or Merger. 

9.1 Stock Splits and Similar Events; Reclassifications. The number of shares of Common Stock covered by outstanding awards
granted under this Plan and the exercise price of an option shall be proportionately adjusted for any increase or decrease in the number of issued and outstanding shares of Common Stock resulting from a subdivision or combination of such shares or
the payment of a stock dividend (but only on the Common Stock) or a recapitalization or any other increase or decrease in the number of such outstanding shares of Common Stock effected without the receipt of consideration by the Company; provided,
however, that the conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration.” In the event that the shares of Common Stock covered by outstanding awards granted
under this Plan are reclassified by the Company, other than pursuant to a transaction described in Section 9.2, then such awards shall apply to the appropriate number of shares of newly classified Common Stock designated by the Board.

 9.2 Mergers and Acquisitions. If the Company shall be a constituent corporation in any merger or consolidation
which results in the holders of the outstanding voting securities of the Company (determined immediately prior to such merger or consolidation) owning, directly or indirectly, at least a majority of the beneficial interest in the outstanding voting
securities of the surviving corporation or its Parent corporation (determined immediately after such merger or consolidation), the awards granted under the Plan shall pertain and apply to the securities or other property to which a holder of the
number of shares subject to the unexercised portion of such option or unsettled portion of such RSU would have been entitled. Any of (i) a dissolution or liquidation of the Company; (ii) a sale of substantially all of the Company’s
business and assets; (iii) the direct or indirect sale or exchange in a single or series of related transactions by the stockholders of the Company of more than fifty percent (50%) of the voting stock of the Company which results in the
holders of the outstanding voting securities of the Company (determined immediately prior to such sale or exchange) owning, directly or indirectly, less than a majority of the beneficial interest in the outstanding voting securities of the Company;
or (iv) a merger or consolidation (in which the Company is a constituent corporation) which results in the holders of the outstanding voting securities of the Company (determined immediately prior to such merger or consolidation) owning,
directly or indirectly, less than a majority of the beneficial interest in the outstanding voting securities of the surviving corporation or its Parent corporation (determined immediately after such merger or consolidation) will cause awards granted
under the Plan to terminate as of the date such transaction is consummated, unless the agreement of such sale, exchange, merger, consolidation or other transaction otherwise provides. 

9.3 Board’s Determination Final and Binding Upon Award Recipients. The foregoing determinations and adjustments in
this Section 9 relating to stock or securities of the Company shall be made by the Board, whose determination in that respect shall be final, binding and conclusive. The Company shall give notice of any such adjustment or action to each award
recipient; provided, however, that any such adjustment or action shall be effective and binding for all purposes, whether or not such notice is given or received. 
 9.4 No Fractions of Shares. Fractions of shares shall not be issued by the Company. Instead, such fractions of shares shall either be paid in cash at fair market value or shall be rounded
down to the nearest share, as determined by the Board. 

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 9.5 No Rights Except as Expressly Stated. Except as hereinabove expressly
provided in this Section 9, no additional rights shall accrue to any award recipient by reason of any subdivision or combination of shares of the capital stock of any class or the payment of any stock dividend or any other increase or decrease
in the number of shares of any class or by reason of any dissolution, liquidation, merger or consolidation or spin-off of assets or of stock of another corporation, and any issue by the Company of shares of stock of any class or of securities
convertible into shares of stock of any class shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or exercise price of shares subject to awards granted hereunder. 

9.6 No Limitations on Company’s Discretion. The grant of awards under this Plan shall not affect in any way the right
or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure or to merge or consolidate or to dissolve, liquidate, sell or transfer all or any part of its business or assets.

 10. No Additional Employment Related Rights or Benefits. 

10.1 No Special Employment Rights. Nothing contained in this Plan or in any award granted hereunder shall confer upon any
award recipient any right with respect to the continuation of his or her employment or other engagement by the Company or interfere in any way with the right of the Company, subject to the terms of any separate employment or consulting agreement to
the contrary, at any time to terminate such employment or consulting or other relationship or to increase or decrease the compensation of any award recipient. Whether an authorized leave of absence, or absence in military or government service,
shall constitute termination of an award recipient’s employment or other engagement shall be determined by the Board. 

10.2 Other Employee Benefits. The amount of any compensation deemed to be received by any award recipient as a result of
either the exercise of an option or the settlement of an RSU, or the sale of shares received upon such exercise or settlement, will not constitute compensation with respect to which any other employment (or other engagement) related benefits of such
award recipient are determined, including, without limitation, benefits under any bonus, pension, profit-sharing, life insurance or salary continuation plan, except as otherwise specifically determined by the Board or as expressly provided for in
the option agreement or RSU agreement. The granting of an option shall impose no obligation upon the optionee to exercise such option. 
 11. Rights as a Stockholder and Access to Information. No award recipient or and no person claiming under or through any such award recipient shall be, or have any of the rights or
privileges of, a stockholder of the Company in respect of any of the shares issuable upon either the exercise of any option or settlement of any RSU granted under this Plan, unless and until the either option is properly and lawfully exercised or
the RSU is properly and legally settled and a certificate representing the shares so purchased or settled is duly issued to the award recipient or to his or her estate. No adjustment shall be made for dividends or any other rights if the record date
relating to such dividend or other right is before the date the award recipient became a stockholder. 
 12. Modification,
Extension and Renewal of Awards. Subject to the limitations of this Plan, the Board may modify, extend or renew outstanding awards granted under the Plan. Furthermore, the Board may, subject to the other provisions of this Plan, upon the
cancellation of previously granted options having higher per share exercise prices, regrant options at a lower price; provided, however, that 

 2003 Stock Option Plan 

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no such modification or cancellation and regrant of an option shall, without the written consent of the optionee, alter or impair any rights of the optionee under any option previously granted
under the Plan. 
 13. Use of Proceeds. The proceeds received from the sale of shares of the Common Stock upon
exercise of options granted under the Plan shall be used for general corporate purposes. 
 14. Reservation of
Shares. The Company, during the term of this Plan, will at all times reserve and keep available such number of shares of its Common Stock as shall be sufficient to satisfy the requirements of the Plan and all awards issued hereunder.

 15. Term of Plan. 
 15.1 Effective Dates. The Plan became effective when adopted by the Board, but no award granted under the Plan shall become exercisable or eligible for settlement unless and until the Plan
shall have been approved by the Company’s stockholders by the vote of the holders of a majority of the outstanding shares of the Company present and entitled to vote at a duly held meeting of the Company’s stockholders (or by written
consent of the holders of the outstanding shares of the Company entitled to vote) in accordance with the requirements of the Company’s Bylaws and the relevant state law. If such stockholder approval is not obtained within twelve
(12) months after the date of the Board’s adoption of the Plan, any incentive stock options previously granted under the Plan shall become non-statutory options and no further incentive stock options shall be granted. In addition, for
purposes of compliance with the Rules of the California Commissioner of Corporations, Section 260.140.41(i), any stock options, whether incentive stock options or non-statutory stock options, which are exercised before stockholder approval is
obtained, must be rescinded if stockholder approval is not obtained within twelve (12) months before or after the Plan is adopted and such shares shall not be counted in determining whether such approval is obtained. Subject to the foregoing
limitation, awards may be granted under the Plan at any time after the effective date and before the date fixed for termination of the Plan. 
 15.2 Termination. Unless sooner terminated in accordance with Section 16, the Plan shall terminate upon the earlier of: (i) the close of business on the last business day preceding
the tenth (10th) anniversary of the earlier of (a) the date of the Plan’s adoption by the Board occurs, or (b) the date of the Plan’s approval by the Company’s stockholders, or (ii) the date on which all shares
available for issuance under the Plan shall have been issued pursuant to awards granted under the Plan and none of such shares shall remain subject to contractual repurchase rights of the Company pursuant to “vesting” or other similar
provisions. If the date of termination is determined under clause (i) above, then any awards outstanding on such date shall continue to have force and effect in accordance with the provisions of the award agreements evidencing such awards.

 16. Early Termination and Amendment of the Plan. The Board may from time to time suspend or terminate the Plan
or revise or amend it; provided, however, that, without the approval of the Company’s stockholders at a duly held meeting of the Company’s stockholders by the vote of a majority of the shares present and entitled to vote (or by written
consent of the holders of the outstanding shares of the Company entitled to vote) in compliance with the requirements of the Company’s Bylaws and the California Corporations Code, no such action of the Board shall: 

 2003 Stock Option Plan 

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 16.1 Increases in Number of Shares Subject to the Plan. Increase the
aggregate number of shares of the Common Stock which may be issued upon exercise of options and settlement of RSUs granted under the Plan (except for adjustments made pursuant to Section 9 hereof); 

16.2 Changes in Eligibility. Change the designation of employees eligible to receive incentive stock options under the
Plan; 
 16.3 Plan Duration. Extend the termination date beyond that provided in Section 15.2; 

16.4 Changes not Approved by Legal Counsel. Otherwise amend or modify the Plan (or outstanding awards) under circumstances
where stockholder approval is considered necessary in the opinion of legal counsel to the Company; or 
 16.5 Changes to
this Section. Amend this Section 16 to defeat its purposes. In any event, no termination or amendment of the Plan may adversely affect any then outstanding award or any unexercised or unsettled portion thereof, without the consent of
the award recipient, unless such termination or amendment is required to enable an option designated as an incentive stock option to qualify as an incentive stock option or is necessary to comply with any applicable law, regulation or rule.

 THE SECURITY REPRESENTED BY THIS AGREEMENT 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. 
 SILVER SPRING NETWORKS, INC. 

EMPLOYEE INCENTIVE STOCK OPTION AGREEMENT 
 OPTION TERMS 
 THESE OPTION TERMS (“Option
Terms”) ARE INCORPORATED INTO THAT CERTAIN EMPLOYEE INCENTIVE STOCK OPTION AGREEMENT (“Option Agreement”) by and between Silver Spring Networks, Inc., a Delaware corporation (the
“Company”), and the employee (the “Employee”) named in the Option Agreement and dated on the “Date of Grant” set forth therein. 

R E C I T A L S 
 A. The Company has adopted and implemented its 2003 Stock Option Plan (the “Plan”) permitting the grant of stock options to employees, officers, directors, consultants and
other independent contractors of the Company and its Parent and Subsidiary corporations (as hereinafter defined), some of which are intended to be incentive stock options within the meaning of Section 422 of the Internal Revenue Code of 1986,
as amended (the “Internal Revenue Code”), to purchase shares of the authorized but unissued Common Stock of the Company (“Common Stock”). The par value of the Company’s Common Stock is as set
forth in the Option Agreement. 
 B. The Board of Directors (or a duly authorized Committee thereof) of
the Company (in either case, referred to herein as the “Board”) has authorized the granting of an incentive stock option to the Employee, thereby allowing the Employee to acquire an ownership interest (or increase his or her
ownership interest) in the Company. 
 O P T I O N    T E R M S 

1. Grant of Stock Option. As set forth in the Option Agreement, the Company has granted to the
Employee a non-transferable and non-assignable option to purchase the number of shares of the Company’s Common Stock at the exercise price set forth in the Option Agreement as adjusted and upon the terms and conditions set forth herein (such
purchase right being sometimes referred to herein as the “Option”). 
 2.
Term and Type of Option. Unless earlier terminated in accordance with Section 6 or 7.2 hereof, the Option and all rights of the Employee to purchase Common Stock thereunder shall expire with respect to all of the shares then
subject hereto at 5:00 p.m. Pacific time on the expiration date set forth in the Option Agreement (the “Expiration Date”). The Option is 

 Silver Spring Networks, Inc. 

Employee Incentive Stock Option Agreement – Option Terms 

 

 
intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code but the Company does not represent or warrant that the Option qualifies as
such. Accordingly, the Employee understands that in order to obtain the benefits of incentive stock option treatment under Section 421 of the Internal Revenue Code, no sale or other disposition may be made of any shares acquired upon exercise
of the Option for at least one (1) year after the date of the issuance of such shares upon exercise hereunder and for at least two (2) years after the Date of Grant of the Option. 

3. Exercise. 
 3.1. Schedule. Subject to the remaining provisions herein, the Option shall be exercisable as set forth in the Option Agreement. 

3.2. Cumulative Nature of Exercise Schedule. The exercise dates specified in the Option Agreement refer to the
earliest dates on which the Option may be exercised with respect to the stated percentages of the Common Stock covered by the Option, and the Option may be exercised with respect to all or any part of any such percentage of the total shares at any
time on or after such dates and prior to the Expiration Date (or any earlier termination of the Option as provided herein). Except as provided in Section 6, Employee must be and remain in the employ of the Company, or of any Parent or
Subsidiary corporation of the Company (as defined in Internal Revenue Code Sections 424(e) and (f)) (a “Parent corporation” and “Subsidiary corporation,” respectively), during the entire period
commencing with the Date of Grant of the Option and ending with each of the periods appearing in the Option Agreement in order to exercise the Option with respect to the shares applicable to any such period. Except as otherwise expressly provided
herein, the Employee’s employment shall be deemed to have terminated upon an actual termination of employment and when such Parent or Subsidiary corporation of the Company ceases to have such relationship with the Company. Any references herein
to Employee’s employment with the Company shall be deemed to also refer to Employee’s employment with any such Parent or Subsidiary corporation of the Company, as applicable. 

3.3. Overriding Limitation on Time for Exercise. Notwithstanding any other provisions herein providing for a
longer time to exercise, the Option may not be exercised after the expiration of ten (10) years from the Date of Grant. 
 4. Right of First Refusal. The Employee and successors-in-interest to Employee shall not sell, assign, pledge or in any manner transfer any of the shares of the Common Stock purchased
hereunder, or any right or interest therein, whether voluntarily or by operation of law, or by gift or otherwise, except for a transfer which meets the requirements hereinafter set forth. 

4.1. Notice of Proposed Sale. If the Employee desires to sell or otherwise transfer any of his or her purchased
shares of Common Stock, the Employee shall first give written notice thereof to the Company. The notice shall name the proposed transferee, describe the relationship of such proposed transferee to Employee and state the number of shares to be
transferred, the proposed consideration and all other material terms and conditions of the proposed transfer. 

  
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Employee Incentive Stock Option Agreement – Option Terms 

 

 4.2. Option of Company to Repurchase. 

4.2.1. Repurchase Price. For forty-five (45) days following receipt of such notice, the Company (and
its assignees as provided in Section 4.3 below) shall have the option to elect to purchase some or all of the shares specified in the notice at the price and upon the terms set forth in such notice; provided that if the terms of payment set
forth in the Employee’s notice were other than cash against delivery, the Company (or its assignees) shall pay in cash or by check for said shares equal to the fair market value thereof as determined in good faith by the Board, except that to
the extent such consideration is composed, in whole or in part, of promissory notes, the Company (and its assignees) shall have the option of similarly issuing promissory notes of like form, tenor and effect. 

4.2.2. Arbitration of Valuation Dispute. Notwithstanding the foregoing, in the event that the Employee disagrees
with the determination of fair market value made by the Board, the Employee shall have the right to have such fair market value determined by arbitration in accordance with the rules of the American Arbitration Association. The arbitration shall be
held in the county in which the Company has its executive offices. The cost of arbitration shall be borne in equal shares by the Company and the Employee. 
 4.2.3. Exercise of Repurchase Option. In the event the Company (or its assignees) elects to purchase some or all of such shares, it shall give written notice to the Employee of its election
and settlement for such purchase of shares shall be made as provided below in Section 4.4. 
 4.3.
Assignability of Company’s Rights Hereunder. The Company may at any time transfer and assign its rights and delegate its obligations under this Section 4 to any other person, corporation, firm or entity, including its officers,
directors or shareholders, with or without consideration. 
 4.4. Closing of Company Repurchase. In the
event the Company (or its assignees) elects to acquire some or all of the shares of the Employee as specified in the Employee’s notice, the Secretary of the Company shall so notify the Employee within forty-five (45) days after receipt of
the Employee’s notice, and settlement thereof shall be made in cash or by Company check not later than forty-five (45) days after the date the Secretary of the Company gives the Employee notice of the Company’s election. 

4.5. Transferred Shares Remain Subject to Restrictions. In the event the Company (or its assignees) does not elect
to acquire all of the shares specified in the Employee’s notice, the Employee may, within the sixty (60) day period following the expiration of the forty-five (45) day period for electing to exercise the purchase rights granted to the
Company (and its assignees) in Section 4.2, transfer the shares in the manner specified in his or her notice. In that event, the transferee, assignee or other recipient shall, as a condition of the transfer of ownership, receive and hold such
shares subject to the provisions of this Section 4 (and also subject to any other applicable provisions hereof) and shall execute such documentation as may be requested by the Company, including, but not limited to, an investment representation
letter containing 

  
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Employee Incentive Stock Option Agreement – Option Terms 

 

 
provisions similar to those set forth in the Notice of Exercise and Investment Representation Statement attached hereto as Exhibit “A” (the “Notice of
Exercise”). 
 4.6. Exceptions to First Refusal Rights. Anything to the contrary contained
herein notwithstanding, the transactions set forth below in Section 4.6.1 shall be exempt from the provisions of this Section 4 (provided that the transferee shall first agree in writing, satisfactory to the Company, to be bound by the
terms and provisions of Sections 4, 5, 7, 10, 13-22 hereof). 
 4.6.1. Transfer to Family Member.
The Employee’s transfer of any or all shares held subject to the Option (either during the Employee’s lifetime or on death by will or the laws of intestacy) to the Employee’s “Immediate Family,” as herein defined, or to any
custodian or trustee for the account of the Employee or his or her Immediate Family. “Immediate Family” as used herein shall mean the spouse, lineal descendants, father, mother, brother, sister, niece or nephew of the
Employee. 
 4.7. Waivers by the Company. The provisions of this Section 4 may be waived by the
Company with respect to any transfer proposed by the Employee only by duly authorized action of its Board. 

4.8. Unauthorized Transfers Void. Any sale or transfer, or purported sale or transfer, of the Common Stock subject
to the Option shall be null and void unless the terms, conditions and provisions of this Section 4 are strictly satisfied. 
 4.9. Termination of First Refusal Right. The foregoing right of first refusal shall terminate upon the earlier of: 

4.9.1. Public Offering. The date equity securities of the Company are first offered and sold to the public
pursuant to a registration statement filed with, and declared effective by, the United States Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “Securities
Act”); or 
 4.9.2. Acquisition of the Company. Immediately prior to the acquisition
of all or substantially all of the business and assets of the Company by an unaffiliated third party (as determined by the Board), whether by merger, sale of outstanding stock or of the Company’s assets, or otherwise, where no express provision
is made for the assignment and continuation of the Company’s rights hereunder by a new or successor corporation. 
 5. Agreement to Lock-Up in the Event of Public Offering. In the event of a public offering of the Company’s Common Stock pursuant to a registration statement declared effective
by the SEC, the Employee agrees not to sell, sell short, grant any option to buy or otherwise dispose of the shares of Common Stock purchased pursuant to the Option (except for any such shares which may be included in the registration) for a period
of up to one hundred eighty (180) days following the consummation of such offering, which period may be extended upon the request of the managing underwriter, to the extent required by any rules of the securities exchange or trading system on
which the Company’s securities are listed, for an additional period of up to 34 days if the Company issues or proposes to issue an earnings or other public release within 18 days 

  
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Employee Incentive Stock Option Agreement – Option Terms 

 

 
of the expiration of the 180-day lockup period. The Company may impose stop-transfer instructions with respect to the shares of the Common Stock subject to the foregoing restriction until the end
of said period. The Employee shall be subject to this Section 5 provided and only if the officers and directors of the Company are also subject to similar arrangements. 

6. Rights on Termination of Employment. Upon the termination of the Employee’s employment with
the Company (and with any Parent or Subsidiary corporation of the Company), the Employee’s right to exercise the Option shall be limited in the manner set forth in this Section 6 (and the Option shall terminate in the event not so
exercised), and shall also be subject to the limitation provided in Section 3. 
 6.1. Death.
If the Employee’s employment is terminated because of the death of the Employee, the Employee’s estate may, for a period of twelve (12) months following the date of such termination, exercise the Option to the extent it was
exercisable by the Employee on the date of such termination. The Employee’s estate shall mean the Employee’s legal representative upon death or any person who acquires the right to exercise the Option by reason of such death in accordance
with Section 8.2. 
 6.2. Disability. If the Employee’s employment is terminated because
of a disability, the Employee may, within twelve (12) months following the date of such termination, exercise the Option to the extent it was exercisable by the Employee on the date of such termination unless the Employee dies prior to the
expiration of such period, in which event the Employee shall be treated as though his or her death occurred on the date of termination due to such disability and the provisions of Section 6.1 shall apply. The Employee hereby acknowledges that
the favorable tax treatment provided under Section 421 of the Internal Revenue Code may be inapplicable in the event the Option is not exercised within three (3) months after the date of the Employee’s termination due to a partial,
temporary or other disability not meeting the requirements of Internal Revenue Code Section 22(e)(3). 

6.3. Termination For Cause. If the Employee’s employment is terminated for cause, the Option shall
expire on Employee’s termination date or at such later time and on such conditions as determined by the Board. For purposes of this paragraph, “cause” shall be defined as the willful breach or habitual neglect of the duties which
Employee is required to perform by the Company, or any act of dishonesty, fraud, misrepresentation or other acts of moral turpitude as would prevent the effective performance of Employee’s duties. 

6.4. Other Termination. If the Employee’s employment is terminated for any reason other than provided
in Sections 6.1, 6.2 and 6.3 above, the Employee or the Employee’s estate may, within three (3) months after the date of Employee’s termination, exercise the Option to the extent it was exercisable by the Employee on the date of such
termination unless the Employee dies prior to the end of such three (3) month period, in which event the Employee shall be treated as though the Employee had died on the date of termination and the provisions of Section 6.1 hereof shall
apply. . 
 6.5. Transfer of Employment to Related Corporation. In the event the Employee severs
his or her employment relationship with the Company to become an employee of 

  
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Employee Incentive Stock Option Agreement – Option Terms 

 

 
any Parent or Subsidiary corporation of the Company or if the Employee leaves the employ of any Parent or Subsidiary corporation to become an employee of the Company or of another such Parent or
Subsidiary corporation of the Company, the Employee shall be deemed to continue his or her employment with the Company for all purposes of the Option. 
 6.6. Extension if Exercise Prevented by Law. Notwithstanding the foregoing, if the exercise of the Option within the applicable time periods set forth above is prevented because the issuance
of shares upon such exercise would constitute a violation of any applicable federal, state or foreign securities law or other law or regulation, the Option shall remain exercisable only as to shares otherwise purchasable at such time until three
(3) months after the date the Employee is notified by the Company that the Option is exercisable, but in any event no later than the expiration of ten (10) years from the Date of Grant. The Company makes no representation as to the tax
consequences of any such delayed exercise. The Employee should consult with the Employee’s own tax advisor as to the tax consequences to the Employee of any such delayed exercise. 

6.7. Extension if Employee is Subject to Section 16(b). Notwithstanding the
foregoing, if a sale within the applicable time periods for exercise of the Option set forth in Section 7 of shares acquired upon the exercise of the Option would subject the Employee to liability under Section 16(b) of the Securities
Exchange Act of 1934, as amended, the Option shall remain exercisable as to shares purchasable at the date of termination of Employee’s service with the Company until the earliest to occur of (i) the tenth (10th) day following the date on which a sale of such shares by the
Employee would no longer be subject to such liability, (ii) the one hundred ninetieth (190th) day after the termination of Employee’s employment, or (iii) the Expiration Date. 
 7. Adjustments upon Changes in Capitalization or Merger.  
 7.1. Stock Splits and Similar Events; Reclassifications. The number of shares of Common Stock covered by the Option and the exercise price thereof shall be proportionately adjusted for any
increase or decrease in the number of issued and outstanding shares of Common Stock resulting from a subdivision or combination of such shares or the payment of a stock dividend (but only on the Common Stock) or a recapitalization or any other
increase or decrease in the number of such outstanding shares of Common Stock effected without the receipt of consideration by the Company; provided, however, that the conversion of any convertible securities of the Company shall not be deemed to
have been “effected without receipt of consideration.” In the event that the shares of Common Stock covered by the Option are reclassified by the Company, other than pursuant to a transaction described in Section 7.2, then the Option
shall apply to the appropriate number of shares of newly classified Common Stock designated by the Board. 

7.2. Mergers and Acquisitions. If the Company shall be a constituent corporation in any merger or
consolidation which results in the holders of the outstanding voting securities of the Company (determined immediately prior to such merger or consolidation) owning, directly or indirectly, at least a majority of the beneficial interest in the
outstanding voting securities of the surviving corporation or its Parent corporation (determined immediately after such merger or consolidation), the Option shall pertain and apply to the securities or other property

  
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Employee Incentive Stock Option Agreement – Option Terms 

 

 
to which a holder of the number of shares subject to the unexercised portion of the Option would have been entitled. Any of (i) a dissolution or liquidation of the Company; (ii) a sale
of all or substantially all of the Company’s business and assets; or (iii) a merger or consolidation (in which the Company is a constituent corporation) which results in the holders of the outstanding voting securities of the Company
(determined immediately prior to such merger or consolidation) owning, directly or indirectly, less than a majority of the beneficial interest in the outstanding voting securities of the surviving corporation or its Parent corporation (determined
immediately after such merger or consolidation) will cause the Option to terminate immediately prior to such merger or consolidation, unless the agreement of such sale, exchange, merger, consolidation or other transaction otherwise provides.

 7.3. Board’s Determination Final and Binding Upon the Employee. To the extent that the
foregoing adjustments in this Section 7 relate to stock or securities of the Company, such adjustments shall be made by the Board, whose determination in that respect shall be final, binding and conclusive. The Company agrees to give notice of
any such adjustment to the Employee; provided, however, that any such adjustment shall be effective and binding for all purposes hereof whether or not such notice is given or received. 

7.4. No Rights Except as Expressly Stated. Except as hereinabove expressly provided in this Section 7,
no additional rights shall accrue to the Employee by reason of any subdivision or combination of shares of the capital stock of any class or the payment of any stock dividend or any other increase or decrease in the number of shares of any class or
by reason of any dissolution, liquidation, merger or consolidation or spin-off of assets or of stock of another corporation, and any issue by the Company of shares of stock of any class or of securities convertible into shares of stock of any class
shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or exercise price of shares subject to the Option. Neither the Employee nor any person claiming under or through the Employee shall be, or have any of
the rights or privileges of, a shareholder of the Company in respect of any of the shares issuable upon the exercise of the Option, unless and until the Option is properly and lawfully exercised and a certificate representing the shares so purchased
is duly issued and delivered to the Employee or to his or her estate. 
 7.5. No Limitations on
Company’s Discretion. The grant of the Option shall not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure or to merge or
consolidate or to dissolve, liquidate, sell or transfer all or any part of its business or assets. 
 8.
Manner of Exercise. 
 8.1. General Instructions for Exercise. The Option shall be
exercised by the Employee by completing, executing and delivering to the Company the Notice of Exercise specifying the number of shares of Common Stock which the Employee elects to purchase. The Company’s obligation to deliver shares upon the
exercise of the Option shall be subject to the Employee’s satisfaction of all applicable federal, state, local and foreign income and employment tax withholding requirements, if any. Upon receipt of such Notice of Exercise and of payment of the
purchase price (and payment of applicable taxes as provided above), the Company shall, as 

  
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Employee Incentive Stock Option Agreement – Option Terms 

 

 
soon as reasonably possible and subject to all other provisions hereof, deliver certificates for the shares of Common Stock so purchased, registered in the Employee’s name or in the name of
his or her legal representative (if applicable). Payment of the purchase price upon any exercise of the Option shall be made by check acceptable to the Company or in cash; provided, however, that the Board may, in its sole and absolute discretion,
accept any other legal consideration to the extent permitted under applicable laws and the Plan. 
 8.2.
Exercise Procedure After Death. To the extent exercisable after Employee’s death, the Option shall be exercised only by the Employee’s executor(s) or administrator(s) or the person or persons duly authorized, or to whom the
Option is transferred under the Employee’s will or, if the Employee shall fail to make testamentary disposition of the Option, under the applicable laws of descent and distribution. Any such transferee exercising the Option must furnish the
Company with (i) written Notice of Exercise and relevant information as to his or her status, (ii) evidence satisfactory to the Company to establish the validity of the transfer of the Option and compliance with any laws or regulations
pertaining to said transfer, and (iii) written acceptance of the terms and conditions of the Option as contained herein. 
 9. Non-Transferable. The Option shall, during the lifetime of the Employee, be exercisable only by the Employee and shall not be transferable or assignable by the Employee in whole or
in part other than by will or the laws of descent and distribution. If the Employee shall make any such purported transfer or assignment of the Option, such assignment shall be null and void and of no force or effect whatsoever. 

10. Compliance with Securities and Other Laws. The Option may not be exercised and the Company shall
not be obligated to deliver any certificates evidencing shares of Common Stock thereunder if the issuance of shares upon such exercise would constitute a violation of any applicable requirements of: (i) the Securities Act, (ii) the
Securities Exchange Act of 1934, as amended, (iii) applicable state securities laws, (iv) any applicable listing requirement of any stock exchange on which the Company’s Common Stock is then listed, and (v) any other law or
regulation applicable to the issuance of such shares. Nothing herein shall be construed to require the Company to register or qualify any securities under applicable federal or state securities laws, or take any action to secure an exemption from
such registration and qualification for the issuance of any securities upon the exercise of the Option. Shares of Common Stock issued upon exercise of the Option shall include the following legends and such other legends as in the opinion of the
Company’s counsel may be required by applicable federal, state and foreign securities laws: 

THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE “ACT”), AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT COVERING SUCH SECURITIES, THE SALE IS MADE IN ACCORDANCE WITH RULE 144 OR RULE 701
UNDER THE ACT, OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THESE SECURITIES REASONABLY 

  
 8 

 Silver Spring Networks, Inc. 

Employee Incentive Stock Option Agreement – Option Terms 

 

 
SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF THE ACT. 

THE SECURITIES EVIDENCED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER AND OTHER AGREEMENTS
CONTAINED IN A STOCK OPTION AGREEMENT AND IN THOSE STOCK OPTION TERMS INCORPORATED INTO SUCH STOCK OPTION AGREEMENT, DATED
                    , A COPY OF WHICH IS ON FILE WITH THE COMPANY. 

11. No Right to Continued Employment. Nothing contained in the Option shall: (i) confer upon
the Employee any right with respect to the continuance of his or her employment agreement with the Company, or with any Parent or Subsidiary corporation of the Company, or (ii) limit in any way the right of the Company, or of any Parent or
Subsidiary corporation, to terminate the Employee’s employment at any time. Except to the extent the Company and Employee shall have otherwise agreed in writing, Employee’s employment shall be terminable by the Company (or by a Parent or
Subsidiary corporation, if applicable) at will. Subject to Section 12, the Board in its sole discretion shall determine whether any leave of absence or interruption in employment (including an interruption during military service) shall be
deemed a termination of employment for the purposes hereof. 
 12. Leave of Absence. For
purposes hereof, the Employee’s employment shall not be deemed to terminate if the Employee takes any military leave, sick leave, or other bona fide leave of absence approved by the Company of ninety (90) days or less. In the event of a
leave in excess of ninety (90) days, the Employee’s employment shall be deemed to terminate on the ninety-first (91st) day of the leave unless the Employee’s right to reemployment remains guaranteed by statute or contract or
applicable law requires otherwise. Notwithstanding the foregoing, however, a leave of absence shall be treated as employment for purposes of Section 3 if and only if the leave of absence is designated by the Company as (or required by law to
be) a leave for which vesting credit is given. 
 13. Committee of the Board. In the event
that the Plan is administered by a committee of the Board (the “Committee”), all references herein to the Board shall be construed to mean the Committee for the period(s) during which the Committee administers the Plan.

 14. Option Subject to Terms of Plan. In addition to the provisions hereof, these Option
Terms and the Option Agreement are governed by, and subject to the terms and conditions of, the Plan. The Employee acknowledges receipt of a copy of the Plan (a copy of which is attached hereto as Exhibit “B”). The Employee
represents that he or she is familiar with the terms and conditions of the Plan, and hereby accepts the Option Agreement subject to all of the terms and conditions thereof, which terms and conditions shall control to the extent inconsistent in any
respect with the provisions herein or in the Option Agreement. The Employee hereby agrees to 

  
 9 

 Silver Spring Networks, Inc. 

Employee Incentive Stock Option Agreement – Option Terms 

 

 
accept as binding, conclusive and final all decisions and interpretations of the Board as to any questions arising under the Plan, these Option Terms or the Option Agreement. 

15. Notices. All notices and other communications of any kind which either party
to the Option Agreement may be required or may desire to serve on the other party to the Option Agreement in connection with the Option Agreement shall be in writing and may be delivered by personal service or by registered or certified mail, return
receipt requested, deposited in the United States mail with postage thereon fully prepaid, addressed to the other party at the addresses indicated in the Option Agreement or as otherwise provided below. Service of any such notice or other
communication so made by mail shall be deemed complete on the date of actual delivery as shown by the addressee’s registry or certification receipt or at the expiration of the third (3rd) business day after the date of mailing, whichever is earlier in time. Either party may from time to time, by
notice in writing served upon the other as aforesaid, designate a different mailing address or a different person to which such notices or other communications are thereafter to be addressed or delivered. 

16. Further Assurances. The Employee shall, upon request of the Company, take all actions and
execute all documents requested by the Company which the Company deems to be reasonably necessary to effectuate the terms and intent of the Option and these Option Terms and, when required by any provision herein to transfer all or any portion of
the Common Stock purchased hereunder to the Company (or its assignees), the Employee shall deliver such Common Stock endorsed in blank or accompanied by Stock Assignments Separate from Certificate duly endorsed in blank, so that title thereto will
pass by delivery alone. Any sale or transfer by the Employee of the Common Stock to the Company (and/or its assignees) shall be made free of any and all claims, encumbrances, liens and restrictions of every kind, other than those imposed hereunder.

 17. Notice of Sales Upon Disqualifying Disposition. The Employee shall dispose of
the shares acquired pursuant to the Option Agreement only in accordance with the provisions herein. In addition, the Employee shall promptly notify the Chief Financial Officer of the Company if the Employee disposes of any of the shares acquired
pursuant to the Option Agreement within one (1) year from the date the Employee exercises all or part of the Option or within two (2) years of the Date of Grant of the Option. Until such time as the Employee disposes of such shares in a
manner consistent with the provisions herein, the Employee shall hold all shares acquired pursuant to the Option Agreement in the Employee’s name (and not in the name of any nominee) for the one (1)-year period immediately after exercise of the
Option and the two (2)-year period immediately after the Date of Grant of the Option. At any time during the one (1)-year or two (2)-year periods set forth above, the Company may place a legend or legends on any certificate or certificates
representing shares acquired pursuant to the Option requesting the transfer agent for the Company’s stock to notify the Company of any such transfers. The obligation of the Employee to notify the Company of any such transfer shall continue
notwithstanding that a legend has been placed on the certificate or certificates pursuant to the preceding sentence. 
 18. Successors. Except to the extent the same is specifically limited by the terms and provisions herein, the Option Agreement (as supplemented by the Plan and these Option Terms) is

  
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Employee Incentive Stock Option Agreement – Option Terms 

 

 
binding upon the Employee and the Employee’s successors, heirs and personal representatives, and upon the Company, its successors and assigns. 

19. Termination or Amendment. Subject to the terms and conditions of the Plan, the Board may
terminate or amend the Plan or the Option Agreement and these Option Terms at any time; provided, however, that no such termination or amendment may adversely affect the Option or any unexercised portion thereof without the consent of the Employee
unless such amendment is required to enable the Option Agreement to qualify as an Incentive Stock Option. 

20. Integrated Agreement. The Option Agreement, these Option Terms and the Plan constitute the
entire understanding and agreement of the Employee and the Company with respect to the subject matter contained therein, and there are no agreements, understandings, restrictions, representations, or warranties between the Employee and the Company
other than those set forth or provided therein. To the extent contemplated herein, the provisions herein shall survive any exercise of the Option and shall remain in full force and effect. 

21. Other Miscellaneous Terms. Titles and captions contained herein are inserted only as a matter of
convenience and for reference, and in no way define, limit, extend or describe the scope of these Option Terms or the intent of any provision hereof. The Option Agreement, these Option Terms and the Plan shall be governed by and construed in
accordance with the laws of the State of California, irrespective of its choice of law principles. 
 22.
Independent Tax Advice. The Employee agrees that he or she has obtained or will obtain the advice of independent tax counsel (or has determined not to obtain such advice, having had adequate opportunity to do so) regarding the
federal and state income tax consequences of the receipt and exercise of the Option and of the disposition of Common Stock acquired upon exercise of the Option including advice regarding the imposition of the alternative minimum tax which may result
from items of tax preference, such as that generated in certain cases by exercise of incentive stock options, and regarding holding period requirements for preferential tax treatment. The Employee acknowledges that he or she has not relied and will
not rely upon any advice or representation by the Company or by its employees or representatives with respect to the tax treatment of the Option. 

  
 11 

 SCHEDULE OF EXHIBITS 

 

			
	 Exhibit “A”:
	  	 Form of Notice of Exercise and Investment Representation Statement for Employee Incentive Stock Option Agreement

		
	 Exhibit “B”:
	  	 Stock Option Plan

 EXHIBIT A 

SILVER SPRING NETWORKS, INC. 
 NOTICE OF EXERCISE AND 
 INVESTMENT REPRESENTATION STATEMENT FOR

 EMPLOYEE INCENTIVE STOCK OPTION AGREEMENT 
 Silver Spring Networks, Inc. 
 Attn: Corporate Secretary 

 

	 	Re:	 Notice of Exercise of Stock Option 

 Ladies and Gentlemen: 
 I hereby exercise, as of [DATE OF
EXERCISE], my option to purchase [NUMBER OF SHARES TO BE EXERCISED] of the [TOTAL NUMBER OF OPTION GRANT SHARES] shares granted to me on [DATE OF OPTION GRANT] (the “Option Shares”) to purchase Common Stock of Silver Spring
Networks, Inc., a Delaware corporation (the “Company”) at [PURCHASE PRICE PER SHARE] per share. Payment of the option price of [PURCHASE PRICE] is attached to this notice. 

As a condition to this notice of exercise, I hereby make the following representations and agreements: 

Investment Representation Statement. 

 

	1.	 I am purchasing the Option Shares for investment for my own account only and not with a view to, or for resale in connection with, any
“distribution” thereof. I am aware of the Company’s business affairs and financial condition and have had access to such information about the Company as I have deemed necessary or desirable to reach an informed and knowledgeable
decision to acquire the Option Shares. 

  

	2.	 I understand that the Option Shares have not been registered under the Securities Act of 1933, as amended (the “Act”), or
qualified or registered under the blue sky law of any state (the “Law”), by reason of specific exemptions therefrom, which exemptions depend upon, among other things, the bona fide nature of my investment intent as expressed
herein. In this connection, I understand that, in the view of the Securities and Exchange Commission (the “Commission”), the statutory basis for one such exemption may not exist if my representation means that my present
intention is to hold the Option Shares for a minimum capital gains period under the tax laws, for a deferred sale, for a market rise, for a sale if the market does not rise, or for a year or any other fixed period in the future. I acknowledge and
agree that the Option Shares are restricted securities which must be held indefinitely unless they are subsequently registered under the Act or an exemption from such registration is available. I further acknowledge and understand that the Company
is under no obligation to register the Option Shares. 

  

	3.	 I am aware of the adoption of Rule 144 by the Commission, which permits limited public resale of securities acquired in a non-public offering,
subject to the satisfaction of certain conditions, including, 

	 	 
among other things, the availability of certain current public information about the issuer, the passage of not less than six (6) months after the holder has purchased and paid for the
securities to be sold, effectuation of the sale on the public market through a broker in an unsolicited “brokers’ transaction” or to a “market maker,” and compliance with specified limitations on the amount of securities to
be sold (generally, one percent (1%) of the total amount of common stock outstanding) during any three (3)-month period, except that such conditions need not be met by a person who is not an affiliate of the Company at the time of sale and has
not been an affiliate for the preceding three (3) months if the securities to be sold have been beneficially owned by such person for at least one (1) year prior to their sale. 

 

	4.	 I understand that the Company currently does not, and at the time I wish to sell the Option Shares may not, satisfy the current public information
requirement of Rule 144 and, consequently, I may be precluded from selling the Option Shares under Rule 144 even if the minimum holding period has been satisfied. 

 

	5.	 I further understand that if all of the requirements of Rule 144 are not met, compliance with Regulation A or some other exemption from registration
will be required; and that, although Rule 144 is not exclusive, the Staff of the Commission has expressed its opinion that persons proposing to sell restricted securities other than in a registered offering and other than pursuant to Rule 144 will
have a substantial burden of proof in establishing that an exemption from registration is available for such offers or sales and that such persons and the brokers who participate in such transactions do so at their own risk.

  

	6.	 I further understand that the certificate(s) representing the Option Shares, whether upon initial issuance or any transfer thereof, shall bear on
their face legends, prominently stamped or printed thereon in capital letters, reading as follows: 

 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR THE PURCHASER’S OWN ACCOUNT AND NOT WITH A VIEW TO, OR FOR RESALE IN CONNECTION WITH, ANY DISTRIBUTION THEREOF. NO SALE OR OTHER
DISPOSITION OF SUCH SECURITIES MAY BE EFFECTED WITHOUT THE (1) REGISTRATION OF SUCH SALE OR DISPOSITION UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND (2) QUALIFICATION OF SUCH SALE OR DISPOSITION UNDER THE CALIFORNIA CORPORATE
SECURITIES LAW OF 1968, AS AMENDED, OR AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION AND QUALIFICATION ARE NOT REQUIRED. 

THE TRANSFER OF THESE SECURITIES, OR ANY PORTION THEREOF OR INTEREST THEREIN, IS RESTRICTED BY AN AGREEMENT BETWEEN THE
PURCHASER AND THE COMPANY. A COPY OF SUCH AGREEMENT MAY BE INSPECTED AT THE PRINCIPAL OFFICE OF THE CORPORATION AND ALL PROVISIONS OF SUCH AGREEMENT ARE INCORPORATED BY REFERENCE IN THIS CERTIFICATE. 

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A LOCK-UP PERIOD OF UP TO 214 DAYS FOLLOWING THE EFFECTIVE DATE
OF A REGISTRATION STATEMENT OF THE COMPANY FILED UNDER THE SECURITIES 

	 	 
ACT OF 1933, AS AMENDED, AS SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE ORIGINAL HOLDER OF THESE SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE COMPANY. SUCH
LOCK-UP PERIOD IS BINDING ON TRANSFEREES OF THESE SHARES. 

  

	7.	I further understand that without the prior written consent of the managing underwriter, during the period commencing on the date of the final prospectus relating to
the closing of the Company’s first firm commitment underwritten public offering registered under the Securities Act of 1933 and ending on the date specified by the Company and the managing underwriter (such period not to exceed 180 days, which
period may be extended upon the request of the managing underwriter, to the extent required by any rules of the securities exchange or trading system on which the Company’s securities are listed, for an additional period of up to 34 days if the
Company issues or proposes to issue an earnings or other public release within 18 days of the expiration of the 180-day lockup period), I will not (a) lend, offer, pledge, sell, contract to sell, sell any option or contract to purchase,
purchase any option or contract to sell, grant any option, right, or warrant to purchase or otherwise transfer or dispose of, directly or indirectly, any Common Stock, or any securities convertible into or exercisable or exchangeable (directly or
indirectly) for Common Stock, held immediately before the effective date of the registration statement for such offering or (b) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic
consequences of ownership of such securities, whether any such transaction described in clause (a) or (b) above is to be settled by delivery of Common Stock or other securities, in cash, or otherwise. 

 

	8.	I further understand that upon the termination of my employment with the Company, any non-vested shares as calculated according to the Option Agreement and the Option
Terms are subject to Company’s right of repurchase at the Exercise Price. 

  

	9.	I further understand in order to obtain the benefits of incentive stock option treatment under Section 421 of the Internal Revenue Code, no sale or other
disposition may be made of any Option Shares for at least one (1) year after the date of the issuance of such Option Shares upon exercise hereunder and for at least two (2) years after the Date of Grant of the Option. I shall promptly
notify the Company in writing in the event that I sell or otherwise dispose of any Option Shares before the expiration of such periods. I further understand that I may suffer adverse tax consequences as a result of my purchase or disposition of the
Option Shares. I represent that I have consulted with any tax consultant(s) I deem advisable in connection with the purchase or disposition of the Option Shares and that I am not relying on the Company for any tax advice. 

[Remainder of Page Intentionally Left Blank] 

 IN WITNESS WHEREOF, the undersigned has executed this Notice of Exercise as of the
date set forth below. 
  

			
	 Signed:
	 	  

			
		
	 Print Name:
	 	  

			
		
	 Social Security No.:
	 	  

			
		
	 Address:
	 	  

		 	  

		 	  

			
		
	 Dated:
	 	  

 EXHIBIT B 

Stock Option Plan 

 THE SECURITY REPRESENTED BY THIS AGREEMENT 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. 
 SILVER SPRING NETWORKS, INC. 

EMPLOYEE INCENTIVE STOCK OPTION AGREEMENT 
 OPTION TERMS 
 (Exercisable Immediately) 

(Change of Control Provisions) 
 THESE OPTION TERMS (“Option Terms”) ARE INCORPORATED INTO THAT CERTAIN EMPLOYEE INCENTIVE STOCK OPTION AGREEMENT (“Option Agreement”) by and between Silver
Spring Networks, Inc., a Delaware corporation (the “Company”), and the employee (the “Employee”) named in the Option Agreement and dated on the “Date of Grant” set forth
therein. 
 R E C I T A L S 
 A. The Company has adopted and implemented its 2003 Stock Option Plan (the “Plan”) permitting the grant of stock options to employees, officers, directors, consultants and
other independent contractors of the Company and its Parent and Subsidiary corporations (as hereinafter defined), some of which are intended to be incentive stock options within the meaning of Section 422 of the Internal Revenue Code of 1986,
as amended (the “Internal Revenue Code”), to purchase shares of the authorized but unissued Common Stock of the Company (“Common Stock”). The par value of the Company’s Common Stock is as set
forth in the Option Agreement. 
 B. The Board of Directors (or a duly authorized Committee thereof) of
the Company (in either case, referred to herein as the “Board”) has authorized the granting of an incentive stock option to the Employee, thereby allowing the Employee to acquire an ownership interest (or increase his or her
ownership interest) in the Company. 
 O P T I O N     T E R M S 

1. Grant of Stock Option. As set forth in the Option Agreement, the Company has granted to the
Employee a non-transferable and non-assignable option to purchase the number of shares of the Company’s Common Stock at the exercise price set forth in the Option Agreement as adjusted and upon the terms and conditions set forth herein (such
purchase right being sometimes referred to herein as the “Option”). 
 2.
Term and Type of Option. Unless earlier terminated in accordance with Section 7 or 8.2 hereof, the Option and all rights of the Employee to purchase Common Stock thereunder

 Silver Spring Networks, Inc. 

Employee Incentive Stock Option Agreement – Option Terms 

 

 
shall expire with respect to all of the shares then subject hereto at 5:00 p.m. Pacific time on the expiration date set forth in the Option Agreement (the “Expiration
Date”). The Option is intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code but the Company does not represent or warrant that the Option qualifies as such. Accordingly, the
Employee understands that in order to obtain the benefits of incentive stock option treatment under Section 421 of the Internal Revenue Code, no sale or other disposition may be made of any shares acquired upon exercise of the Option for at
least one (1) year after the date of the issuance of such shares upon exercise hereunder and for at least two (2) years after the Date of Grant of the Option. 

3. Option Immediately Exercisable. Subject to the remaining provisions herein, the Option shall be
exercisable in full or in part at any time after the date hereof and prior to the Expiration Date (or any earlier termination of the Option as provided herein). Except as provided in Section 7, in order to exercise the Option, the Employee must
be and remain in the employee of the Company, or with any parent or subsidiary corporation of the Company (as defined in Internal Revenue Code Section 424(e) and (f)) a “Parent corporation” and “Subsidiary
corporation,” respectively), during the entire period commencing with the Date of Grant and ending on the date of any exercise of the Option. Except as otherwise expressly provided herein, the Employee shall be deemed to have terminated
upon an actual termination of employment and when any Parent or Subsidiary corporation of the Company ceases to have such relationship with the Company. Any references herein to the Employee’s employment with the Company shall be deemed to also
refer to the Employee’s employment with any such Parent or subsidiary corporation of the Company, as applicable. 
 3.1. Overriding Limitation on Time for Exercise. Notwithstanding any other provisions herein providing for a longer time to exercise, the Option may not be exercised after the
expiration of ten (10) years from the Date of Grant. 
 4. Restrictions on “Non-Vested
Shares”. 
 4.1. Obligation to Resell Non-Vested Shares. 

4.1.1. Repurchase Right Accrues Upon Employee’s Termination of Employment. On the termination
of the Employee’s employment with the Company, whether by reason of the Employee’s voluntary resignation, failure to be re-elected, removal or other involuntary termination (with or without cause), or under any other circumstances, the
Company (and its assignees as provided in Section 4.2.4 below) shall have the option to repurchase from the Employee, and the Employee shall be obligated to sell to the Company (and to its assignees pursuant to Section 4.2.4 below) all or
any portion of the shares of the Common Stock which at the date of the termination of the Employee’s employment with the Company are “Non-Vested Shares” (as defined herein below) at the lower of the Exercise Price or then current fair
market value stated in the Option Agreement. 
 4.1.2. Repurchase Procedure. The Company
shall within forty-five (45) days after the later of (i) the termination or expiration of exercisability of the Option or (ii) the date of any termination of the Employee’s employment with the Company, give written notice to

  
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Employee Incentive Stock Option Agreement – Option Terms 

 

 
the Employee or to the Employee’s representative, as the case may be, specifying the number of Non-Vested Shares which the Company (or its assignees) is electing to repurchase hereunder, and
the place and time (which in no event shall be later than forty-five (45) days from the date of such notice) of the closing of such repurchase, and the Employee shall deliver any certificates in the Employee’s possession representing
Non-Vested Shares to the Company prior to such time. 
 4.2. Vesting Schedule. 

4.2.1. Non-Vested Shares. The percentage of the shares covered by the Option
which shall be “Non-Vested Shares” shall be determined as set forth in the Option Agreement. All shares that are Non-Vested Shares on the date of termination of Employee’s employment with the Company shall retain that
status irrespective of the passage of time. Any reference herein to “Vested Shares” shall mean those shares under the Option which are no longer Non-Vested Shares. 

4.2.2. Agreement Binds all Securities that May Be Issued. If, after the date of issuance of the
Common Stock to the Employee upon exercise of the Option, the Company shall issue any additional shares of its Common Stock to holders of Common Stock by way of dividend or stock split or other distribution, or if there is a reclassification of the
Common Stock of the Company, or if any shares of capital stock or other securities of the Company or of any other corporation are issued in exchange for, or with respect to, the Common Stock issued hereunder pursuant to any recapitalization, merger,
sale of assets, liquidation or other reorganization (collectively, “Reorganization”), regardless of whether the Company shall survive such Reorganization, all of such shares of Common Stock, capital stock and other securities
shall be considered to be additional shares acquired by the Employee under the Option and shall be ratably subject to all provisions herein (including, without limitation, this Section 4) as if they had been issued to the Employee hereunder.

 4.2.3. Repurchase Price. The repurchase price under this Section 4 shall be the
Exercise Price for each Non-Vested Share being repurchased by the Company (or its assignees), reasonably and ratably adjusted for any stock split, stock dividend or Reorganization. Payment for all shares of Non-Vested Shares repurchased under this
Section 4 shall be made by cancellation of the Employee’s indebtedness to the Company (if any) or by cash or Company check. 
 4.2.4. Assignability of Company’s Rights. The Company may at any time transfer and assign its rights and delegate its obligations under this Section 4 to any other person,
corporation, firm or entity, including its officers, directors or shareholders, with or without consideration. 

4.2.5. Prohibition on Transfers of Non-Vested Shares. In addition to the restrictions on transfer
set forth elsewhere herein and in the Notice of Exercise and Investment Representation Statement attached hereto as “Exhibit A” (the “Notice of Exercise”), the Employee agrees that neither the Employee nor
the Employee’s heirs, successors and assigns will have any right or power under any circumstances to sell, transfer (with or without consideration), pledge, assign, hypothecate or dispose of (collectively, “Disposition”)
any Non-Vested Shares or any 

  
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Employee Incentive Stock Option Agreement – Option Terms 

 

 
interest therein, except to the Company (or its assigns as designated in writing to the Employee). Any attempted Disposition in breach of this Section 4.2.5 shall be null and void and of no
force or effect whatsoever. 
 4.2.6. Retention by Company of Certificates Evidencing Non-Vested
Shares. Each stock certificate evidencing, in whole or in part, Non-Vested Shares issued to the Employee hereunder shall be immediately redelivered by the Employee to the Company, together with collateral instruments of transfer executed in
blank and, if requested by the Company, instructions in form provided by the Company, to be held by the Company until such time as such shares are no longer Non-Vested Shares hereunder. After the shares have become Vested Shares hereunder, the
Company shall, from time to time within sixty (60) days from the date of receipt of the Employee’s written request therefor, deliver or cause to be delivered to the Employee stock certificates evidencing those shares covered by the Option
which are at that time Vested Shares hereunder. 
 4.2.7. Change of Control. In the event
of a Change of Control (as defined below, the percent of the Non-Vested Shares purchasable under the Option specified in the Option Agreement shall immediately become Vested Shares as of the consummation of such Change of Control. The vesting that
was permissible solely by reason of this Section shall be conditioned upon the consummation of the Change of Control. “Change of Control” shall be deemed to have occurred in the event any of the following occurs with respect
to the Company: 
 4.2.7.1. the direct or indirect sale or exchange by the stockholders of the Company
of all or substantially all of the stock of the Company where the stockholders of the Company before such sale or exchange do not retain, directly or indirectly, at least a majority of the beneficial interest in the voting stock of the Company after
such sale or exchange; 
 4.2.7.2. a merger or consolidation in which the Company is not the surviving
corporation, other than (i) a merger or consolidation in which the stockholders of the Company before such merger or consolidation retain directly or indirectly, at least a majority of the voting stock of the surviving corporation or the parent
corporation of the surviving corporation and the Option is assumed or substituted by the surviving corporation which assumption or substitution shall be binding on Employee, or (ii) 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 Option is assumed or substituted by the surviving, continuing, successor or parent
corporation, which assumption or substitution shall be binding on the Employee; 
 4.2.7.3. a merger or
consolidation in which the Company is the surviving corporation where the stockholders of the Company before such merger or consolidation do not retain, directly or indirectly, at least a majority of the voting stock of the Company after such merger
or consolidation; 
 4.2.7.4. the sale, exchange, or transfer of all or substantially all of the assets
of the Company other than a sale, exchange, or transfer to one (1) or more subsidiaries of the Company; and 

  
 4 

 Silver Spring Networks, Inc. 

Employee Incentive Stock Option Agreement – Option Terms 

 

 4.2.7.5. a liquidation or dissolution of the Company. 

5. Right of First Refusal Applicable to Vested Shares. The Employee and successors-in-interest to
Employee shall not sell, assign, pledge or in any manner transfer any of the Vested Shares of the Common Stock purchased hereunder (Non-Vested Shares being subject to the absolute prohibition on transfers under Section 4.2.5 above), or any
right or interest therein, whether voluntarily or by operation of law, or by gift or otherwise, except for a transfer which meets the requirements hereinafter set forth. 

5.1. Notice of Proposed Sale. If the Employee desires to sell or otherwise transfer any of his or
her Vested Shares of Common Stock, the Employee shall first give written notice thereof to the Company. The notice shall name the proposed transferee, describe the relationship of such proposed transferee to Employee and state the number of Vested
Shares to be transferred, the proposed consideration and all other material terms and conditions of the proposed transfer. 

5.2. Option of Company to Repurchase. 

5.2.1. Repurchase Price. For forty-five (45) days following receipt of such notice, the Company
(and its assignees as provided in Section 5.3 below) shall have the option to elect to purchase some or all of the shares specified in the notice at the price and upon the terms set forth in such notice; provided that if the terms of payment
set forth in the Employee’s notice were other than cash against delivery, the Company (or its assignees) shall pay in cash or by check for said shares equal to the fair market value thereof as determined in good faith by the Board, except that
to the extent such consideration is composed, in whole or in part, of promissory notes, the Company (and its assignees) shall have the option of similarly issuing promissory notes of like form, tenor and effect. 

5.2.2. Arbitration of Valuation Dispute. Notwithstanding the foregoing, in the event
that the Employee disagrees with the determination of fair market value made by the Board, the Employee shall have the right to have such fair market value determined by arbitration in accordance with the rules of the American Arbitration
Association. The arbitration shall be held in the county in which the Company has its executive offices. The cost of arbitration shall be borne in equal shares by the Company and the Employee. 

5.2.3. Exercise of Repurchase Option. In the event the Company (or its assignees) elects to
purchase some or all of such shares, it shall give written notice to the Employee of its election and settlement for such purchase of shares shall be made as provided below in Section 5.4. 

5.3. Assignability of Company’s Rights Hereunder. The Company may at any time transfer and
assign its rights and delegate its obligations under this Section 5 to any other person, corporation, firm or entity, including its officers, directors or shareholders, with or without consideration. 

  
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Employee Incentive Stock Option Agreement – Option Terms 

 

 5.4. Closing of Company Repurchase. In the event
the Company (or its assignees) elects to acquire some or all of the shares of the Employee as specified in the Employee’s notice, the Secretary of the Company shall so notify the Employee within forty-five (45) days after receipt of the
Employee’s notice, and settlement thereof shall be made in cash or by Company check not later than forty-five (45) days after the date the Secretary of the Company gives the Employee notice of the Company’s election. 

5.5. Transferred Shares Remain Subject to Restrictions. In the event the Company (or its assignees)
does not elect to acquire all of the shares specified in the Employee’s notice, the Employee may, within the sixty (60) day period following the expiration of the forty-five (45) day period for electing to exercise the purchase rights
granted to the Company (and its assignees) in Section 5.2, transfer the shares in the manner specified in his or her notice. In that event, the transferee, assignee or other recipient shall, as a condition of the transfer of ownership, receive
and hold such shares subject to the provisions of this Section 5 (and also subject to any other applicable provisions hereof) and shall execute such documentation as may be requested by the Company, including, but not limited to, an investment
representation letter containing provisions similar to those set forth in the Notice of Exercise and Investment Representation Statement attached hereto as Exhibit “A” (the “Notice of Exercise”). 

5.6. Exceptions to First Refusal Rights. Anything to the contrary contained herein notwithstanding,
the transactions set forth below in Section 5.6.1 shall be exempt from the provisions of this Section 5 (provided that the transferee shall first agree in writing, satisfactory to the Company, to be bound by the terms and provisions of
Sections 5, 6, 8, 11, 14-23 hereof). 
 5.6.1. Transfer to Family Member. The
Employee’s transfer of any or all shares held subject to the Option (either during the Employee’s lifetime or on death by will or the laws of intestacy) to the Employee’s “Immediate Family,” as herein defined, or to any
custodian or trustee for the account of the Employee or his or her Immediate Family. “Immediate Family” as used herein shall mean the spouse, lineal descendants, father, mother, brother, sister, niece or nephew of the
Employee. 
 5.7. Waivers by the Company. The provisions of this Section 5 may be
waived by the Company with respect to any transfer proposed by the Employee only by duly authorized action of its Board. 
 5.8. Unauthorized Transfers Void. Any sale or transfer, or purported sale or transfer, of the Common Stock subject to the Option shall be null and void unless the terms, conditions
and provisions of this Section 5 are strictly satisfied. 
 5.9. Termination of First Refusal
Right. The foregoing right of first refusal shall terminate upon the earlier of: 
 5.9.1.
Public Offering. The date equity securities of the Company are first offered and sold to the public pursuant to a registration statement filed with, and declared effective by, the United States Securities and Exchange Commission
(the “SEC”) under the Securities Act of 1933, as amended (the “Securities Act”); or 

  
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Employee Incentive Stock Option Agreement – Option Terms 

 

 5.9.2. Acquisition of the Company. Immediately
prior to the acquisition of all or substantially all of the business and assets of the Company by an unaffiliated third party (as determined by the Board), whether by merger, sale of outstanding stock or of the Company’s assets, or otherwise,
where no express provision is made for the assignment and continuation of the Company’s rights hereunder by a new or successor corporation. 
 6. Agreement to Lock-Up in the Event of Public Offering. In the event of a public offering of the Company’s Common Stock pursuant to a registration statement declared
effective by the SEC, the Employee agrees not to sell, sell short, grant any option to buy or otherwise dispose of the shares of Common Stock purchased pursuant to the Option (except for any such shares which may be included in the registration) for
a period of up to one hundred eighty (180) days following the consummation of such offering, which period may be extended upon the request of the managing underwriter, to the extent required by any rules of the securities exchange or trading
system on which the Company’s securities are listed, for an additional period of up to 34 days if the Company issues or proposes to issue an earnings or other public release within 18 days of the expiration of the 180-day lockup period. The
Company may impose stop-transfer instructions with respect to the shares of the Common Stock subject to the foregoing restriction until the end of said period. The Employee shall be subject to this Section 6 provided and only if the officers
and directors of the Company are also subject to similar arrangements. 
 7. Rights on Termination
of Employment. Upon the termination of the Employee’s employment with the Company (and with any Parent or Subsidiary corporation of the Company), the Employee’s right to exercise the Option shall be limited in the manner set
forth in this Section 7 (and the Option shall terminate in the event not so exercised), and shall also be subject to the limitation provided in Section 3. 

7.1. Death. If the Employee’s employment is terminated because of the death of the
Employee, the Employee’s estate may, for a period of twelve (12) months following the date of such termination, exercise the Option to the extent it was exercisable by the Employee on the date of such termination. The Employee’s
estate shall mean the Employee’s legal representative upon death or any person who acquires the right to exercise the Option by reason of such death in accordance with Section 9.2. 

7.2. Disability. If the Employee’s employment is terminated because of a disability, the
Employee may, within twelve (12) months following the date of such termination, exercise the Option to the extent it was exercisable by the Employee on the date of such termination unless the Employee dies prior to the expiration of such
period, in which event the Employee shall be treated as though his or her death occurred on the date of termination due to such disability and the provisions of Section 7.1 shall apply. The Employee hereby acknowledges that the favorable tax
treatment provided under Section 421 of the Internal Revenue Code may be inapplicable in the event the Option is not exercised within three (3) months after the date of the Employee’s termination due to a partial, temporary or other
disability not meeting the requirements of Internal Revenue Code Section 22(e)(3). 

  
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Employee Incentive Stock Option Agreement – Option Terms 

 

 7.3. Termination For Cause. If the
Employee’s employment is terminated for cause, the Option shall expire on Employee’s termination date or at such later time and on such conditions as determined by the Board. For purposes of this paragraph, “cause” shall be
defined as the willful breach or habitual neglect of the duties which Employee is required to perform by the Company, or any act of dishonesty, fraud, misrepresentation or other acts of moral turpitude as would prevent the effective performance of
Employee’s duties. 
 7.4. Other Termination. If the Employee’s employment
is terminated for any reason other than provided in Sections 7.1, 7.2, and 7.3 above, the Employee or the Employee’s estate may, within three (3) months after the date of Employee’s termination, exercise the Option to the extent it
was exercisable by the Employee on the date of such termination, unless the Employee dies prior to the end of such three (3) month period, in which event the Employee shall be treated as though the Employee had died on the date of termination
and the provisions of Section 7.1 hereof shall apply. 
 7.5. Transfer of Employment to
Related Corporation. In the event the Employee severs his or her employment relationship with the Company to become an employee of any Parent or Subsidiary corporation of the Company or if the Employee leaves the employ of any Parent
or Subsidiary corporation to become an employee of the Company or of another such Parent or Subsidiary corporation of the Company, the Employee shall be deemed to continue his or her employment with the Company for all purposes of the Option.

 7.6. Extension if Exercise Prevented by Law. Notwithstanding the foregoing, if
the exercise of the Option within the applicable time periods set forth above is prevented because the issuance of shares upon such exercise would constitute a violation of any applicable federal, state or foreign securities law or other law or
regulation, the Option shall remain exercisable only as to shares otherwise purchasable at such time until three (3) months after the date the Employee is notified by the Company that the Option is exercisable, but in any event no later than
the expiration of ten (10) years from the Date of Grant. The Company makes no representation as to the tax consequences of any such delayed exercise. The Employee should consult with the Employee’s own tax advisor as to the tax
consequences to the Employee of any such delayed exercise. 
 7.7. Extension if
Employee is Subject to Section 16(b). Notwithstanding the foregoing, if a sale within the applicable time periods for exercise of the Option set forth in Section 7 of shares acquired upon the exercise of the Option would
subject the Employee to liability under Section 16(b) of the Securities Exchange Act of 1934, as amended, the Option shall remain exercisable as to shares purchasable at the date of termination of Employee’s service with the Company until
the earliest to occur of (i) the tenth
(10th) day following the date on which a sale of such
shares by the Employee would no longer be subject to such liability, (ii) the one hundred ninetieth
(190th) day after the termination of Employee’s
employment, or (iii) the Expiration Date. 
 8. Adjustments upon Changes in Capitalization or
Merger. 
 8.1. Stock Splits and Similar Events; Reclassifications. The
number of shares of Common Stock covered by the Option and the exercise price thereof shall be 

  
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Employee Incentive Stock Option Agreement – Option Terms 

 

 
proportionately adjusted for any increase or decrease in the number of issued and outstanding shares of Common Stock resulting from a subdivision or combination of such shares or the payment of a
stock dividend (but only on the Common Stock) or a recapitalization or any other increase or decrease in the number of such outstanding shares of Common Stock effected without the receipt of consideration by the Company; provided, however, that the
conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration.” In the event that the shares of Common Stock covered by the Option are reclassified by the Company, other
than pursuant to a transaction described in Section 8.2, then the Option shall apply to the appropriate number of shares of newly classified Common Stock designated by the Board. 

8.2. Mergers and Acquisitions. If the Company shall be a constituent corporation in any
merger or consolidation which results in the holders of the outstanding voting securities of the Company (determined immediately prior to such merger or consolidation) owning, directly or indirectly, at least a majority of the beneficial interest in
the outstanding voting securities of the surviving corporation or its Parent corporation (determined immediately after such merger or consolidation), the Option shall pertain and apply to the securities or other property to which a holder of the
number of shares subject to the unexercised portion of the Option would have been entitled. Any of (i) a dissolution or liquidation of the Company; (ii) a sale of all or substantially all of the Company’s business and assets; or
(iii) a merger or consolidation (in which the Company is a constituent corporation) which results in the holders of the outstanding voting securities of the Company (determined immediately prior to such merger or consolidation) owning, directly
or indirectly, less than a majority of the beneficial interest in the outstanding voting securities of the surviving corporation or its Parent corporation (determined immediately after such merger or consolidation) will cause the Option to terminate
immediately prior to such merger or consolidation, unless the agreement of such sale, exchange, merger, consolidation or other transaction otherwise provides. 
 8.3. Board’s Determination Final and Binding Upon the Employee. To the extent that the foregoing adjustments in this Section 8 relate to stock or securities of the
Company, such adjustments shall be made by the Board, whose determination in that respect shall be final, binding and conclusive. The Company agrees to give notice of any such adjustment to the Employee; provided, however, that any such adjustment
shall be effective and binding for all purposes hereof whether or not such notice is given or received. 

8.4. No Rights Except as Expressly Stated. Except as hereinabove expressly provided in this
Section 8, no additional rights shall accrue to the Employee by reason of any subdivision or combination of shares of the capital stock of any class or the payment of any stock dividend or any other increase or decrease in the number of shares
of any class or by reason of any dissolution, liquidation, merger or consolidation or spin-off of assets or of stock of another corporation, and any issue by the Company of shares of stock of any class or of securities convertible into shares of
stock of any class shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or exercise price of shares subject to the Option. Neither the Employee nor any person claiming under or through the Employee shall
be, or have any of the rights or privileges of, a shareholder of the Company in respect of any of the shares issuable upon the exercise of the Option, unless and until the Option is properly and lawfully exercised and a

  
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Employee Incentive Stock Option Agreement – Option Terms 

 

 
certificate representing the shares so purchased is duly issued and delivered to the Employee or to his or her estate. 

8.5. No Limitations on Company’s Discretion. The grant of the Option shall not affect in
any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure or to merge or consolidate or to dissolve, liquidate, sell or transfer all or any part of its business
or assets. 
 9. Manner of Exercise.  

9.1. General Instructions for Exercise. The Option shall be exercised by the Employee by
completing, executing and delivering to the Company the Notice of Exercise specifying the number of shares of Common Stock which the Employee elects to purchase. The Company’s obligation to deliver shares upon the exercise of the Option shall
be subject to the Employee’s satisfaction of all applicable federal, state, local and foreign income and employment tax withholding requirements, if any. Upon receipt of such Notice of Exercise and of payment of the purchase price (and payment
of applicable taxes as provided above), the Company shall, as soon as reasonably possible and subject to all other provisions hereof, deliver certificates for the shares of Common Stock so purchased, registered in the Employee’s name or in the
name of his or her legal representative (if applicable). Payment of the purchase price upon any exercise of the Option shall be made by check acceptable to the Company or in cash; provided, however, that the Board may, in its sole and absolute
discretion, accept any other legal consideration to the extent permitted under applicable laws and the Plan. 

9.2. Exercise Procedure After Death. To the extent exercisable after Employee’s death,
the Option shall be exercised only by the Employee’s executor(s) or administrator(s) or the person or persons duly authorized, or to whom the Option is transferred under the Employee’s will or, if the Employee shall fail to make
testamentary disposition of the Option, under the applicable laws of descent and distribution. Any such transferee exercising the Option must furnish the Company with (i) written Notice of Exercise and relevant information as to his or her
status, (ii) evidence satisfactory to the Company to establish the validity of the transfer of the Option and compliance with any laws or regulations pertaining to said transfer, and (iii) written acceptance of the terms and conditions of
the Option as contained herein. 
 10. Non-Transferable. The Option shall, during
the lifetime of the Employee, be exercisable only by the Employee and shall not be transferable or assignable by the Employee in whole or in part other than by will or the laws of descent and distribution. If the Employee shall make any such
purported transfer or assignment of the Option, such assignment shall be null and void and of no force or effect whatsoever. 
 11. Compliance with Securities and Other Laws. The Option may not be exercised and the Company shall not be obligated to deliver any certificates evidencing shares of Common
Stock thereunder if the issuance of shares upon such exercise would constitute a violation of any applicable requirements of: (i) the Securities Act, (ii) the Securities Exchange Act of 1934, as amended, (iii) applicable state
securities laws, (iv) any applicable listing requirement of any stock exchange on which the Company’s Common Stock is then listed, and (v) any other law or 

  
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Employee Incentive Stock Option Agreement – Option Terms 

 

 
regulation applicable to the issuance of such shares. Nothing herein shall be construed to require the Company to register or qualify any securities under applicable federal or state securities
laws, or take any action to secure an exemption from such registration and qualification for the issuance of any securities upon the exercise of the Option. Shares of Common Stock issued upon exercise of the Option shall include the following
legends and such other legends as in the opinion of the Company’s counsel may be required by applicable federal, state and foreign securities laws: 

THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE “ACT”), AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT COVERING SUCH SECURITIES, THE SALE IS MADE IN ACCORDANCE WITH RULE 144 OR RULE 701
UNDER THE ACT, OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THESE SECURITIES REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS
DELIVERY REQUIREMENTS OF THE ACT. 
 THE SECURITIES EVIDENCED BY THIS CERTIFICATE ARE SUBJECT TO
RESTRICTIONS ON TRANSFER AND OTHER AGREEMENTS CONTAINED IN A STOCK OPTION AGREEMENT AND IN THOSE STOCK OPTION TERMS INCORPORATED INTO SUCH STOCK OPTION AGREEMENT, DATED
                    , A COPY OF WHICH IS ON FILE WITH THE COMPANY. 

12. No Right to Continued Employment. Nothing contained in the Option shall: (i) confer upon
the Employee any right with respect to the continuance of his or her employment agreement with the Company, or with any Parent or Subsidiary corporation of the Company, or (ii) limit in any way the right of the Company, or of any Parent or
Subsidiary corporation, to terminate the Employee’s employment at any time. Except to the extent the Company and Employee shall have otherwise agreed in writing, Employee’s employment shall be terminable by the Company (or by a Parent or
Subsidiary corporation, if applicable) at will. Subject to Section 13, the Board in its sole discretion shall determine whether any leave of absence or interruption in employment (including an interruption during military service) shall be
deemed a termination of employment for the purposes hereof. 
 13. Leave of Absence.
For purposes hereof, the Employee’s employment shall not be deemed to terminate if the Employee takes any military leave, sick leave, or other bona fide leave of absence approved by the Company of ninety (90) days or less. In the event of
a leave in excess of ninety (90) days, the Employee’s employment shall be deemed to terminate on the ninety-first (91st) day of the leave unless the Employee’s right to reemployment remains guaranteed by statute

  
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Employee Incentive Stock Option Agreement – Option Terms 

 

 
or contract or applicable law requires otherwise. Notwithstanding the foregoing, however, a leave of absence shall be treated as employment for purposes of Section 3 if and only if the leave
of absence is designated by the Company as (or required by law to be) a leave for which vesting credit is given. 
 14. Committee of the Board. In the event that the Plan is administered by a committee of the Board (the “Committee”), all references herein to the Board shall
be construed to mean the Committee for the period(s) during which the Committee administers the Plan. 
 15.
Option Subject to Terms of Plan. In addition to the provisions hereof, these Option Terms and the Option Agreement are governed by, and subject to the terms and conditions of, the Plan. The Employee acknowledges receipt of a copy
of the Plan (a copy of which is attached hereto as Exhibit “B”). The Employee represents that he or she is familiar with the terms and conditions of the Plan, and hereby accepts the Option Agreement subject to all of the terms and
conditions thereof, which terms and conditions shall control to the extent inconsistent in any respect with the provisions herein or in the Option Agreement. The Employee hereby agrees to accept as binding, conclusive and final all decisions and
interpretations of the Board as to any questions arising under the Plan, these Option Terms or the Option Agreement. 
 16. Notices. All notices and other communications of any kind which either party to the Option Agreement may be required or may desire to serve on the other party to the Option
Agreement in connection with the Option Agreement shall be in writing and may be delivered by personal service or by registered or certified mail, return receipt requested, deposited in the United States mail with postage thereon fully prepaid,
addressed to the other party at the addresses indicated in the Option Agreement or as otherwise provided below. Service of any such notice or other communication so made by mail shall be deemed complete on the date of actual delivery as shown by the
addressee’s registry or certification receipt or at the expiration of the third (3rd) business day after the date of mailing, whichever is earlier in time. Either party may from time to time, by notice in writing served upon the other as aforesaid, designate a different mailing
address or a different person to which such notices or other communications are thereafter to be addressed or delivered. 
 17. Further Assurances. The Employee shall, upon request of the Company, take all actions and execute all documents requested by the Company which the Company deems to be reasonably
necessary to effectuate the terms and intent of the Option and these Option Terms and, when required by any provision herein to transfer all or any portion of the Common Stock purchased hereunder to the Company (or its assignees), the Employee shall
deliver such Common Stock endorsed in blank or accompanied by Stock Assignments Separate from Certificate duly endorsed in blank, so that title thereto will pass by delivery alone. Any sale or transfer by the Employee of the Common Stock to the
Company (and/or its assignees) shall be made free of any and all claims, encumbrances, liens and restrictions of every kind, other than those imposed hereunder. 

18. Notice of Sales Upon Disqualifying Disposition. The Employee shall dispose of the shares
acquired pursuant to the Option Agreement only in accordance with the provisions herein. In addition, the Employee shall promptly notify the Chief Financial Officer of the 

  
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Employee Incentive Stock Option Agreement – Option Terms 

 

 
Company if the Employee disposes of any of the shares acquired pursuant to the Option Agreement within one (1) year from the date the Employee exercises all or part of the Option or within
two (2) years of the Date of Grant of the Option. Until such time as the Employee disposes of such shares in a manner consistent with the provisions herein, the Employee shall hold all shares acquired pursuant to the Option Agreement in the
Employee’s name (and not in the name of any nominee) for the one (1)-year period immediately after exercise of the Option and the two (2)-year period immediately after the Date of Grant of the Option. At any time during the one (1)-year or two
(2)-year periods set forth above, the Company may place a legend or legends on any certificate or certificates representing shares acquired pursuant to the Option requesting the transfer agent for the Company’s stock to notify the Company of
any such transfers. The obligation of the Employee to notify the Company of any such transfer shall continue notwithstanding that a legend has been placed on the certificate or certificates pursuant to the preceding sentence. 

19. Successors. Except to the extent the same is specifically limited by the terms and provisions
herein, the Option Agreement (as supplemented by the Plan and these Option Terms) is binding upon the Employee and the Employee’s successors, heirs and personal representatives, and upon the Company, its successors and assigns. 

20. Termination or Amendment. Subject to the terms and conditions of the Plan, the Board may
terminate or amend the Plan or the Option Agreement and these Option Terms at any time; provided, however, that no such termination or amendment may adversely affect the Option or any unexercised portion thereof without the consent of the Employee
unless such amendment is required to enable the Option Agreement to qualify as an Incentive Stock Option. 

21. Integrated Agreement. The Option Agreement, these Option Terms and the Plan constitute the
entire understanding and agreement of the Employee and the Company with respect to the subject matter contained therein, and there are no agreements, understandings, restrictions, representations, or warranties between the Employee and the Company
other than those set forth or provided therein. To the extent contemplated herein, the provisions herein shall survive any exercise of the Option and shall remain in full force and effect. 

22. Other Miscellaneous Terms. Titles and captions contained herein are inserted only as a matter of
convenience and for reference, and in no way define, limit, extend or describe the scope of these Option Terms or the intent of any provision hereof. The Option Agreement, these Option Terms and the Plan shall be governed by and construed in
accordance with the laws of the State of California, irrespective of its choice of law principles. 
 23.
Independent Tax Advice. The Employee agrees that he or she has obtained or will obtain the advice of independent tax counsel (or has determined not to obtain such advice, having had adequate opportunity to do so) regarding the federal and
state income tax consequences of the receipt and exercise of the Option and of the disposition of Common Stock acquired upon exercise of the Option including advice regarding the imposition of the alternative minimum tax which may result from items
of tax preference, such as that generated in certain cases by exercise of incentive stock options, and regarding holding period requirements for preferential tax treatment. The Employee acknowledges that he or she has not relied and will not rely
upon any advice or 

  
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Employee Incentive Stock Option Agreement – Option Terms 

 

 
representation by the Company or by its employees or representatives with respect to the tax treatment of the Option. 

  
 14 

 SCHEDULE OF EXHIBITS 

 

			
	 Exhibit “A”:
	  	 Form of Notice of Exercise and Investment Representation Statement for Employee Incentive Stock Option Agreement

		
	 Exhibit “B”:
	  	 Stock Option Plan

  

 EXHIBIT A 

SILVER SPRING NETWORKS, INC. 
 NOTICE OF EXERCISE AND 
 INVESTMENT REPRESENTATION STATEMENT FOR

 EMPLOYEE INCENTIVE STOCK OPTION AGREEMENT 
 Silver Spring Networks, Inc. 
 Attn: Corporate Secretary 

 

	 	Re:	Notice of Exercise of Stock Option 

Ladies and Gentlemen: 
 I
hereby exercise, as of [DATE OF EXERCISE], my option to purchase [NUMBER OF SHARES TO BE EXERCISED] of the [TOTAL NUMBER OF OPTION GRANT SHARES] shares granted to me on [DATE OF OPTION GRANT] (the “Option Shares”) to purchase Common
Stock of Silver Spring Networks, Inc., a Delaware corporation (the “Company”) at [PURCHASE PRICE PER SHARE] per share. Payment of the option price of [PURCHASE PRICE] is attached to this notice. 

As a condition to this notice of exercise, I hereby make the following representations and agreements: 

Investment Representation Statement. 
  

	1.	I am purchasing the Option Shares for investment for my own account only and not with a view to, or for resale in connection with, any “distribution” thereof.
I am aware of the Company’s business affairs and financial condition and have had access to such information about the Company as I have deemed necessary or desirable to reach an informed and knowledgeable decision to acquire the Option Shares.

  

	2.	I understand that the Option Shares have not been registered under the Securities Act of 1933, as amended (the “Act”), or qualified or registered under
the blue sky law of any state (the “Law”), by reason of specific exemptions therefrom, which exemptions depend upon, among other things, the bona fide nature of my investment intent as expressed herein. In this connection, I
understand that, in the view of the Securities and Exchange Commission (the “Commission”), the statutory basis for one such exemption may not exist if my representation means that my present intention is to hold the Option Shares
for a minimum capital gains period under the tax laws, for a deferred sale, for a market rise, for a sale if the market does not rise, or for a year or any other fixed period in the future. I acknowledge and agree that the Option Shares are
restricted securities which must be held indefinitely unless they are subsequently registered under the Act or an exemption from such registration is available. I further acknowledge and understand that the Company is under no obligation to register
the Option Shares. 

  

	3.	 I am aware of the adoption of Rule 144 by the Commission, which permits limited public resale of securities acquired in a non-public offering, subject
to the satisfaction of certain conditions, including, among other things, the availability of certain current public information about the issuer, the passage of not less than six (6) months after the holder has purchased and paid for the
securities to be sold, 

	 	 
effectuation of the sale on the public market through a broker in an unsolicited “brokers’ transaction” or to a “market maker,” and compliance with specified limitations
on the amount of securities to be sold (generally, one percent (1%) of the total amount of common stock outstanding) during any three (3)-month period, except that such conditions need not be met by a person who is not an affiliate of the
Company at the time of sale and has not been an affiliate for the preceding three (3) months if the securities to be sold have been beneficially owned by such person for at least one (1) year prior to their sale.

  

	4.	I understand that the Company currently does not, and at the time I wish to sell the Option Shares may not, satisfy the current public information requirement of Rule
144 and, consequently, I may be precluded from selling the Option Shares under Rule 144 even if the minimum holding period has been satisfied. 

  

	5.	I further understand that if all of the requirements of Rule 144 are not met, compliance with Regulation A or some other exemption from registration will be required;
and that, although Rule 144 is not exclusive, the Staff of the Commission has expressed its opinion that persons proposing to sell restricted securities other than in a registered offering and other than pursuant to Rule 144 will have a substantial
burden of proof in establishing that an exemption from registration is available for such offers or sales and that such persons and the brokers who participate in such transactions do so at their own risk. 

 

	6.	I further understand that the certificate(s) representing the Option Shares, whether upon initial issuance or any transfer thereof, shall bear on their face legends,
prominently stamped or printed thereon in capital letters, reading as follows: 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR THE PURCHASER’S OWN ACCOUNT AND
NOT WITH A VIEW TO, OR FOR RESALE IN CONNECTION WITH, ANY DISTRIBUTION THEREOF. NO SALE OR OTHER DISPOSITION OF SUCH SECURITIES MAY BE EFFECTED WITHOUT THE (1) REGISTRATION OF SUCH SALE OR DISPOSITION UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, AND (2) QUALIFICATION OF SUCH SALE OR DISPOSITION UNDER THE CALIFORNIA CORPORATE SECURITIES LAW OF 1968, AS AMENDED, OR AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION AND QUALIFICATION
ARE NOT REQUIRED. 
 THE TRANSFER OF THESE SECURITIES, OR ANY PORTION THEREOF OR INTEREST
THEREIN, IS RESTRICTED BY AN AGREEMENT BETWEEN THE PURCHASER AND THE COMPANY. A COPY OF SUCH AGREEMENT MAY BE INSPECTED AT THE PRINCIPAL OFFICE OF THE CORPORATION AND ALL PROVISIONS OF SUCH AGREEMENT ARE INCORPORATED BY REFERENCE IN THIS
CERTIFICATE. 
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A LOCK-UP PERIOD OF UP
TO 214 DAYS FOLLOWING THE EFFECTIVE DATE OF A REGISTRATION STATEMENT OF THE COMPANY FILED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AS SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE ORIGINAL HOLDER OF THESE SHARES, A COPY OF WHICH

	 	 
MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE COMPANY. SUCH LOCK-UP PERIOD IS BINDING ON TRANSFEREES OF THESE SHARES. 

 

	7.	I further understand that without the prior written consent of the managing underwriter, during the period commencing on the date of the final prospectus relating to
the closing of the Company’s first firm commitment underwritten public offering registered under the Securities Act of 1933 and ending on the date specified by the Company and the managing underwriter (such period not to exceed 180 days, which
period may be extended upon the request of the managing underwriter, to the extent required by any rules of the securities exchange or trading system on which the Company’s securities are listed, for an additional period of up to 34 days if the
Company issues or proposes to issue an earnings or other public release within 18 days of the expiration of the 180-day lockup period), I will not (a) lend, offer, pledge, sell, contract to sell, sell any option or contract to purchase,
purchase any option or contract to sell, grant any option, right, or warrant to purchase or otherwise transfer or dispose of, directly or indirectly, any Common Stock, or any securities convertible into or exercisable or exchangeable (directly or
indirectly) for Common Stock, held immediately before the effective date of the registration statement for such offering or (b) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic
consequences of ownership of such securities, whether any such transaction described in clause (a) or (b) above is to be settled by delivery of Common Stock or other securities, in cash, or otherwise. 

 

	8.	I further understand that upon the termination of my employment with the Company, any non-vested shares as calculated according to the Option Agreement and the Option
Terms are subject to Company’s right of repurchase at the Exercise Price. 

  

	9.	I further understand in order to obtain the benefits of incentive stock option treatment under Section 421 of the Internal Revenue Code, no sale or other
disposition may be made of any Option Shares for at least one (1) year after the date of the issuance of such Option Shares upon exercise hereunder and for at least two (2) years after the Date of Grant of the Option. I shall promptly
notify the Company in writing in the event that I sell or otherwise dispose of any Option Shares before the expiration of such periods. I further understand that I may suffer adverse tax consequences as a result of my purchase or disposition of the
Option Shares. I represent that I have consulted with any tax consultant(s) I deem advisable in connection with the purchase or disposition of the Option Shares and that I am not relying on the Company for any tax advice. 

[Remainder of Page Intentionally Left Blank] 

 IN WITNESS WHEREOF, the undersigned has executed this Notice of Exercise as of the
date set forth below. 
  

			
	
	
Signed:                            
                                         
            

	
	
Print Name:                          
                                         
          

	
	
Social Security No.:                        
                                     

	
	
Address:                            
                                         
            

		
		 	
                             
                                         
          

		
		 	
                             
                                         
          

	
	
Dated:                            
                                         
            

 EXHIBIT B 

Stock Option Plan 

 THE SECURITY REPRESENTED BY THIS AGREEMENT 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. 
 SILVER SPRING NETWORKS, INC. 

NON-STATUTORY STOCK OPTION AGREEMENT 
 OPTION TERMS 
 THESE OPTION TERMS (“Option
Terms”) ARE INCORPORATED INTO THAT CERTAIN NON-STATUTORY STOCK OPTION AGREEMENT (“Option Agreement”), by and between Silver Spring Networks, Inc., a Delaware corporation (the “Company”), and the
optionee named in the Option Agreement (the “Optionee”) and dated on the “Date of Grant” set forth therein. 
 R E C I T A L S 
 A. The Company has adopted and
implemented its 2003 Stock Option Plan (the “Plan”) permitting the grant of stock options to directors, consultants and other independent contractors (including members of the Company’s Board of Directors who are not
employees of the Company and its Parent and Subsidiary corporations (as hereinafter defined), some of which are intended to be non-statutory stock options in that they do not qualify as incentive stock options within the meaning of Section 422
of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), to purchase shares of the authorized but unissued Common Stock of the Company (“Common Stock”). The par value of the
Company’s Common Stock is as set forth in the Option Agreement. 
 B. The Board of Directors (or a duly
authorized committee thereof) of the Company (in either case, referred to herein as the “Board”) has authorized the granting of a non-statutory stock option to the Optionee, thereby allowing the Optionee to acquire an
ownership interest (or increase his or her ownership interest) in the Company. 
 O P T I O N    T E R M S

 1. Grant of Stock Option. As set forth in the Option Agreement, the Company has granted to
the Optionee a non-transferable and non-assignable option to purchase the number of shares of the Company’s Common Stock at the exercise price set forth in the Option Agreement as adjusted and upon the terms and conditions set forth herein
(such purchase right being sometimes referred to herein as the “Option”). 

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Page 2 
  

 2. Term and Type of Option. Unless earlier terminated in
accordance with Section 6 or 7.2 hereof, the Option and all rights of the Optionee to purchase Common Stock thereunder shall expire with respect to all of the shares then subject hereto at 5:00 p.m. Pacific time on the expiration date set forth
in the Option Agreement (the “Expiration Date”). The Option is a non-statutory stock option in that it is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue
Code. Accordingly, Optionee understands that under current law, he or she will recognize ordinary income for federal income tax purposes upon exercise of this Option in an amount equal to the excess (if any) of the fair market value of the shares of
Common Stock so purchased (determined (i) as of the date of such exercise to the extent (A) the shares are then “Vested Shares” as defined below or (B) Optionee has made a timely election under Section 83(b) of the
Internal Revenue Code, or (ii) as of each date following such exercise as and when shares first become Vested Shares) over the exercise price paid for such shares. Optionee further understands that Optionee must satisfy all applicable federal,
state, local and foreign income and employment tax withholding requirements at the date of exercise. Any reference herein to “Vested Shares” shall mean those shares under the Option which have vested in accordance with the
Vesting Schedule set forth in the Option Agreement. 
 3. Exercise. 

3.1 Schedule. Subject to the remaining provisions herein, the Option shall be exercisable as set forth in
the Option Agreement. 
 3.2 Cumulative Nature of Exercise Schedule. The exercise dates specified
in the Option Agreement refer to the earliest dates on which the Option may be exercised with respect to the stated percentages of the Common Stock covered by the Option, and the Option may be exercised with respect to all or any part of any such
percentage of the total shares at any time on or after such dates and prior to the Expiration Date (or any earlier termination of the Option as provided herein). Except as provided in Section 6, Optionee must be and remain in a service
relationship with the Company, or with any parent or subsidiary corporation of the Company (as defined in Internal Revenue Code Sections 424(e) and (f)) (a “Parent corporation” and “Subsidiary
corporation,” respectively), during the entire period commencing with the Date of Grant of the Option and ending with each of the periods appearing in the Option Agreement in order to exercise the Option with respect to the shares
applicable to any such period. For purposes hereof “service relationship” shall mean being a duly elected, acting corporate director, or an independent contractor or consultant. Except as otherwise expressly provided herein,
the Optionee’s service relationship shall be deemed to have terminated upon an actual termination of such service relationship and when any Parent or Subsidiary corporation of the Company ceases to have such relationship with the Company. Any
references herein to Optionee’s service relationship with the Company shall be deemed to also refer to Optionee’s service relationship with any such Parent or Subsidiary corporation of the Company, as applicable. 

3.3 Overriding Limitation on Time for Exercise. Notwithstanding any other provisions herein providing for a
longer time to exercise, the Option may not be exercised after the expiration of ten (10) years from the Date of Grant. 

  

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 4. Right of First Refusal. The Optionee and
successors-in-interest to Optionee shall not sell, assign, pledge or in any manner transfer any of the Common Stock purchased hereunder or any right or interest therein, whether voluntarily or by operation of law, or by gift or otherwise, except for
a transfer which meets the requirements hereinafter set forth. 
 4.1 Notice of Proposed Sale. If
the Optionee desires to sell or otherwise transfer any of his or her Common Stock, the Optionee shall first give written notice thereof to the Company. The notice shall name the proposed transferee, describe the relationship of such proposed
transferee to Optionee and state the number of shares to be transferred, the proposed consideration and all other material terms and conditions of the proposed transfer. 

4.2 Option of Company to Repurchase. 

4.2.1 Repurchase Price. For forty-five (45) days following receipt of such notice, the Company (and
its assignees as provided in Section 4.3 below) shall have the option to elect to purchase some or all of the shares specified in the notice at the price and upon the terms set forth in such notice; provided that if the terms of payment set
forth in the Optionee’s notice were other than cash against delivery, the Company (or its assignees) shall pay in cash or by check for said shares equal to the fair market value thereof as determined in good faith by the Board. 

4.2.2 Arbitration of Valuation Dispute. Notwithstanding the foregoing, in the event that the Optionee
disagrees with the determination of fair market value by the Board, the Optionee shall have the right to have such fair market value determined by arbitration in accordance with the rules of the American Arbitration Association. The arbitration
shall be held in the county in which the Company has its executive offices. The cost of arbitration shall be borne in equal shares by the Company and the Optionee. 

4.2.3 Exercise of Repurchase Option. In the event the Company (or its assignees) elects to purchase some
or all of such shares, it shall give written notice to the Optionee of its election and settlement for such purchase of shares shall be made as provided below in Section 4.4. 

4.3 Assignability of Company’s Rights Hereunder. The Company may at any time transfer and assign its
rights and delegate its obligations under this Section 4 to any other person, corporation, firm or entity, including its officers, directors or shareholders, with or without consideration. 

4.4 Closing of Company Repurchase. In the event the Company (or its assignees) elects to acquire some or
all of the shares of the Optionee as specified in the Optionee’s notice, the Secretary of the Company shall so notify the Optionee within forty-five (45) days after receipt of the Optionee’s notice, and settlement thereof shall be
made by cash or Company check not later than forty-five (45) days after the date the Secretary of the Company gives the Optionee notice of the Company’s election. 

  

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Page 4 
  

 4.5 Transferred Shares Remain Subject to Restrictions. In
the event the Company (or its assignees) does not elect to acquire all of the Vested Shares specified in the Optionee’s notice, the Optionee may, within the sixty (60) day period following the expiration of the forty-five (45) day
period for electing to exercise the purchase rights granted to the Company (and its assignees) in Section 4.2, transfer the number of Vested Shares in the manner specified in his or her notice. In that event, the transferee, assignee or other
recipient shall, as a condition of the transfer of ownership, receive and hold such shares subject to the provisions of this Section 4 (and also subject to any other applicable provisions hereof) and shall execute such documentation as may be
requested by the Company, including, but not limited to, an investment representation letter containing provisions similar to those set forth in the Notice of Exercise and Investment Representation Statement attached hereto as “Exhibit
A” (the “Notice of Exercise”). 
 4.6 Exceptions to First Refusal
Rights. Anything to the contrary contained herein notwithstanding, the transactions set forth below in Section 4.6.1 shall be exempt from the provisions of this Section 4 (provided that the transferee shall first agree in writing,
satisfactory to the Company, to be bound by the terms and provisions of Sections 4, 5, 7, 10, and 13-21 hereof). 
 4.6.1 Transfer to Family Member. The Optionee’s transfer of any or all Vested Shares held subject to the Option (either during the Optionee’s lifetime or on death by will or the
laws of intestacy) to the Optionee’s “Immediate Family,” as herein defined, or to any custodian or trustee for the account of the Optionee or his or her Immediate Family. “Immediate Family” as used herein shall
mean the spouse, lineal descendants, father, mother, brother, sister, niece or nephew of the Optionee. 
 4.7
Waivers by the Company. The provisions of this Section 4 may be waived by the Company with respect to any transfer proposed by the Optionee only by duly authorized action of its Board. 

4.8 Unauthorized Transfers Void. Any sale or transfer, or purported sale or transfer, of the Vested Shares
of Common Stock subject to the Option shall be null and void unless the terms, conditions and provisions of this Section 4 are strictly satisfied. 
 4.9 Termination of First Refusal Right. The foregoing right of first refusal shall terminate upon the earlier of: 

4.9.1 Public Offering. The date equity securities of the Company are first offered and sold to the public
generally pursuant to a registration statement filed with, and declared effective by, the United States Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “Securities
Act”); or 
 4.9.2 Acquisition of the Company. Immediately prior to the acquisition
of all or substantially all of the business and assets of the Company by an unaffiliated third party (as determined by the Board), whether by merger, sale of outstanding stock or of the Company’s assets, or

  

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otherwise, where no express provision is made for the assignment and continuation of the Company’s rights hereunder by a new or successor corporation. 

5. Agreement to Lock-Up in the Event of Public Offering. In the event of a public offering of the
Company’s Common Stock pursuant to a registration statement declared effective by the SEC, if requested by the Company or by its underwriters, the Optionee agrees not to sell, sell short, grant any option to buy or otherwise dispose of the
shares of Common Stock purchased pursuant to the Option (except for any such shares which may be included in the registration) for a period of up to one hundred eighty (180) days following the consummation of such offering. The Company may
impose stop-transfer instructions with respect to the shares of the Common Stock subject to the foregoing restriction until the end of said period. The Optionee shall be subject to this Section 5 provided and only if the officers and directors
of the Company are also subject to similar arrangements. 
 6. Rights on Termination of Service
Relationship. Upon the termination of the Optionee’s service relationship with the Company (and with any Parent or Subsidiary corporation of the Company), the Optionee’s right to exercise the Option shall be limited in the manner
set forth in this Section 6 (and the Option shall terminate in the event not so exercised), and shall also be subject to the limitation provided in Section 3. 

6.1 Death. If the Optionee’s service relationship is terminated because of the death of the Optionee,
the Optionee’s estate may, for a period of twelve (12) months following the date of such termination, exercise the Option to the extent that the shares under the Option are Vested Shares on the date of such termination. The Optionee’s
estate shall mean the Optionee’s legal representative upon death or any person who acquires the right to exercise the Option by reason of such death in accordance with Section 8.2. 

6.2 Disability. If the Optionee’s service relationship with the Company is terminated because of a
disability, the Optionee may, within twelve (12) months following the date of such termination, exercise the Option to the extent that shares under the Option are Vested Shares on the date of such termination unless the Optionee dies prior to
the expiration of such period, in which event the Optionee shall be treated as though his or her death occurred on the date of termination due to such disability and the provisions of Section 6.1 shall apply. 

6.3 Other Termination. If the Optionee’s service relationship is terminated for any reason other than
provided in Sections 6.1 and 6.2 above, the Optionee or the Optionee’s estate may, within three (3) months after the date of the Optionee’s termination, exercise the Option to the extent shares purchasable under the Option are Vested
Shares on the date of such termination. 
 6.4 Transfer to Related Corporation. In the event the
Optionee severs his or her service relationship with the Company to enter a service relationship with any Parent or Subsidiary corporation of the Company or if the Optionee leaves a service relationship with any such Parent or Subsidiary corporation
to enter a service relationship with the Company or of another such Parent or 

  

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Subsidiary corporation of the Company, the Optionee shall be deemed to continue his or her service relationship with the Company for all purposes of the Option. 

6.5 Extension if Exercise Prevented by Law. Notwithstanding the foregoing, if the exercise of the Option
within the applicable time periods set forth above is prevented because the issuance of shares upon such exercise would constitute a violation of any applicable federal, state or foreign securities law or other law or regulation, the Option shall
remain exercisable as to Vested Shares at the date of termination of Optionee’s service relationship until three (3) months after the date the Optionee is notified by the Company that the Option is exercisable, but in any event no later
than the expiration of ten (10) years from the Date of Grant. The Company makes no representation as to the tax consequences of any such delayed exercise. The Optionee should consult with the Optionee’s own tax advisor as to the tax
consequences to the Optionee’s of any such delayed exercise. 
 6.6 Extension if Optionee is Subject
to Section 16(b). Notwithstanding the foregoing, if a sale within the applicable time periods for exercise of the Option set forth in Section 6 of shares acquired upon the exercise of the Option would subject the Optionee to
liability under Section 16(b) of the Securities Exchange Act of 1934, as amended, the Option shall remain exercisable as to Vested Shares at Optionee’s date of termination of Optionee’s service relationship until the earliest to occur
of (i) the tenth (10th) day following the date on which a sale of such shares by the Optionee would no longer be subject to such liability, (ii) the one hundred ninetieth (190th) day after the termination of Optionee’s
service relationship, or (iii) the Expiration Date. 
 7. Adjustments upon Changes in Capitalization
or Merger. 
 7.1 Stock Splits and Similar Events; Reclassifications. The number of shares
of Common Stock covered by the Option and the exercise price thereof shall be proportionately adjusted for any increase or decrease in the number of issued and outstanding shares of Common Stock resulting from a subdivision or combination of such
shares or the payment of a stock dividend (but only on the Common Stock) or a recapitalization or any other increase or decrease in the number of such outstanding shares of Common Stock effected without receipt of consideration by the Company;
provided, however, that the conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration.” In the event that the shares of Common Stock covered by the Option are
reclassified by the Company, other than pursuant to a transaction described in Section 7.2, then the Option shall apply to the appropriate number of shares of newly classified Common Stock designated by the Board. 

7.2 Mergers and Acquisitions. If the Company shall be a constituent corporation in any merger or
consolidation which results in the holders of the outstanding voting securities of the Company (determined immediately prior to such merger or consolidation) owning, directly or indirectly, at least a majority of the beneficial interest in the
outstanding voting securities of the surviving corporation or its Parent corporation (determined immediately after such merger or consolidation), the Option shall pertain and apply to the securities or other property to which a holder of the number
of shares subject to the unexercised portion of the Option would have been entitled. Any of (i) a dissolution or liquidation of the Company; (ii) a sale of all or substantially all of the

  

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Company’s business and assets; or (iii) a merger or consolidation (in which the Company is a constituent corporation) which results in the holders of the outstanding voting securities
of the Company (determined immediately prior to such merger or consolidation) owning, directly or indirectly, less than a majority of the beneficial interest in the outstanding voting securities of the surviving corporation or its Parent corporation
(determined immediately after such merger or consolidation) will cause the Option to terminate, unless (A) the agreement of such sale, exchange, merger, consolidation or other transaction otherwise provides, or (B) a sale on the day
preceding the scheduled consummation of such event (the “test date”) of shares acquired upon the exercise of the Option would subject the Optionee to liability under Section 16(b) of the Securities Exchange Act of 1934, as amended, in
which event the Option shall remain exercisable as to shares purchasable at the test date until the earliest to occur of (I) the tenth (10th) day following the date on which a sale of such shares by the Optionee would no longer be subject
to such liability, (II) the one hundred ninetieth (190th) day after the test date, or (III) the Expiration Date. 
 7.3 Board’s Determination Final and Binding Upon the Optionee. To the extent that the foregoing adjustments in this Section 7 relate to stock or securities of the Company, such
adjustments shall be made by the Board, whose determination in that respect shall be final, binding and conclusive. The Company agrees to give notice of any such adjustment to the Optionee; provided, however, that any such adjustment shall be
effective and binding for all purposes hereof whether or not such notice is given or received. 
 7.4 No
Rights Except as Expressly Stated. Except as hereinabove expressly provided in this Section 7, no additional rights shall accrue to the Optionee by reason of any subdivision or combination of shares of the capital stock of any class or
the payment of any stock dividend or any other increase or decrease in the number of shares of any class or by reason of any dissolution, liquidation, merger or consolidation or spin-off of assets or of stock of another corporation, and any issue by
the Company of shares of stock of any class or of securities convertible into shares of stock of any class shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or exercise price of shares subject to the
Option. Neither the Optionee nor any person claiming under or through the Optionee shall be, or have any of the rights or privileges of, a shareholder of the Company in respect of any of the shares issuable upon the exercise of the Option, unless
and until the Option is properly and lawfully exercised and a certificate representing the shares so purchased is duly issued and delivered to the Optionee or to his or her estate. 

7.5 No Limitations on Company’s Discretion. The grant of the Option shall not affect in any way the
right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure or to merge or consolidate or to dissolve, liquidate, sell or transfer all or any part of its business or assets.

 8. Manner of Exercise. 

8.1 General Instructions for Exercise. The Option shall be exercised by the Optionee by completing,
executing and delivering to the Company the Notice of Exercise specifying the number of shares of Common Stock which the Optionee elects to purchase. The Company’s 

  

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obligation to deliver shares upon the exercise of the Option shall be subject to the Optionee’s satisfaction of all applicable federal, state, local and foreign income and employment tax
withholding requirements, if any. Upon receipt of such Notice of Exercise and of payment of the purchase price (and payment of applicable taxes as provided above), the Company shall, as soon as reasonably possible and subject to all other provisions
hereof, deliver certificates for the shares of Common Stock so purchased, registered in the Optionee’s name or in the name of his or her legal representative (if applicable). Payment of the purchase price upon any exercise of the Option shall
be made by check acceptable to the Company or in cash; provided, however, that the Board may, in its sole and absolute discretion, accept any other legal consideration to the extent permitted under applicable laws and the Plan. 

8.2 Exercise Procedure After Death. To the extent exercisable after the Optionee’s death, the Option
shall be exercised only by the Optionee’s executor(s) or administrator(s) or the person or persons duly authorized, or to whom the Option is transferred under the Optionee’s will, or, if the Optionee shall fail to make testamentary
disposition of the Option, under the applicable laws of descent and distribution. Any such transferee exercising the Option must furnish the Company with (i) written Notice of Exercise and relevant information as to his or her status,
(ii) evidence satisfactory to the Company to establish the validity of the transfer of the Option and compliance with any laws or regulations pertaining to said transfer, and (iii) written acceptance of the terms and conditions of the
Option as contained herein. 
 9. Non-Transferable. The Option shall, during the lifetime of the
Optionee, be exercisable only by the Optionee and shall not be transferable or assignable by the Optionee in whole or in part other than by will or the laws of descent and distribution. If the Optionee shall make any such purported transfer or
assignment of the Option, such assignment shall be null and void and of no force or effect whatsoever. 
 10.
Compliance with Securities and Other Laws. The Option may not be exercised and the Company shall not be obligated to deliver any certificates evidencing shares of Common Stock thereunder if the issuance of shares upon such exercise would
constitute a violation of any applicable requirements of: (i) the Securities Act, (ii) the Securities Exchange Act of 1934, as amended, (iii) applicable state securities laws, (iv) any applicable listing requirement of any stock
exchange on which the Company’s Common Stock is then listed, and (v) any other law or regulation applicable to the issuance of such shares. Nothing herein shall be construed to require the Company to register or qualify any securities
under applicable federal or state securities laws, or take any action to secure an exemption from such registration and qualification for the issuance of any securities upon the exercise of the Option. Shares of Common Stock issued upon exercise of
the Option shall include the following legends and such other legends as in the opinion of the Company’s counsel may be required by applicable federal, state and foreign securities laws: 

THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(“THE ACT”), AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT 

  

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COVERING SUCH SECURITIES, THE SALE IS MADE IN ACCORDANCE WITH RULE 144 OR RULE 701 UNDER THE ACT, OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THESE SECURITIES REASONABLY
SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF THE ACT. 

THE SECURITIES EVIDENCED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER AND OTHER AGREEMENTS (INCLUDING
CERTAIN REPURCHASE RIGHTS UPON TERMINATION OF SERVICES AS CONTAINED IN A NON-STATUTORY STOCK OPTION AGREEMENT AND IN THOSE STOCK OPTION TERMS INCORPORATED INTO SUCH STOCK OPTION AGREEMENT, DATED
                    , A COPY OF WHICH IS ON FILE WITH THE COMPANY. 

11. No Right to Continued Retention. Nothing contained in this Agreement or the Option shall:
(i) confer upon the Optionee any right with respect to the continuance of his or her service relationship with the Company, or with any Parent or Subsidiary corporation of the Company, or (ii) limit in any way the right of the Company, or
of any Parent or Subsidiary corporation, to terminate the Optionee’s service relationship at any time. Except to the extent the Company and the Optionee shall have otherwise agreed in writing or as provided by law or the Company’s charter
documents, the Optionee’s service relationship shall be terminable by the Company (or by a Parent or Subsidiary, if applicable) at will. 
 12. Committee of the Board. In the event that the Plan is administered by a committee of the Board (the “Committee”), all references herein to the Board shall be
construed to mean the Committee for the period(s) during which the Committee administers the Plan. 
 13.
Option Subject to Terms of Plan. In addition to the provisions hereof, these Option Terms and the Option Agreement are governed by, and subject to the terms and conditions of, the Plan. The Optionee acknowledges receipt of a copy of the
Plan (a copy of which is attached hereto as “Exhibit B”). The Optionee represents that he or she is familiar with the terms and conditions of the Plan, and hereby accepts the Option subject to all of the terms and conditions
thereof, which terms and conditions shall control to the extent inconsistent in any respect with the provisions herein or in the Option Agreement. The Optionee hereby agrees to accept as binding, conclusive and final all decisions and
interpretations of the Board as to any questions arising under the Plan, these Option Terms or the Option Agreement. 
 14. Notices. All notices and other communications of any kind which either party to the Option Agreement may be required or may desire to serve on the other party to the Option Agreement in
connection with the Option shall be in writing and may be delivered by personal service or by registered or certified mail, return receipt requested, deposited in the United States mail with postage thereon fully prepaid, addressed to the other
party at the addresses indicated in the Option Agreement or as otherwise provided below. Service of any such notice or other communication so made by mail shall be deemed complete on the date of actual delivery as shown by the addressee’s
registry or 

  

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certification receipt or at the expiration of the third (3rd) business day after the date of mailing, whichever is earlier in time. Either party may from time to time, by notice in writing
served upon the other as aforesaid, designate a different mailing address or a different person to which such notices or other communications are thereafter to be addressed or delivered. 

15. Further Assurances. The Optionee shall, upon request of the Company, take all actions and execute all
documents requested by the Company which the Company deems to be reasonably necessary to effectuate the terms and intent of the Option and these Option Terms and, when required by any provision herein to transfer all or any portion of the Common
Stock purchased hereunder to the Company (or its assignees), the Optionee shall deliver such Common Stock endorsed in blank or accompanied by Stock Assignments Separate from Certificate endorsed in blank, so that title thereto will pass by delivery
alone. Any sale or transfer by the Optionee of the Common Stock to the Company (or its assignees) shall be made free of any and all claims, encumbrances, liens and restrictions of every kind, other than those imposed hereunder. 

16. Successors. Except to the extent the same is specifically limited by the terms and provisions herein,
the Option Agreement (as supplemented by the Plan and these Option Terms) is binding upon the Optionee and the Optionee’s successors, heirs and personal representatives, and upon the Company, its successors and assigns. 

17. Termination or Amendment. Subject to the terms and conditions of the Plan, the Board may terminate or
amend the Plan or the Option Agreement and these Option Terms at any time; provided, however, that no such termination or amendment may adversely affect the Option or any unexercised portion thereof without the consent of the Optionee. 

18. Integrated Agreement. The Option Agreement, these Option Terms and the Plan constitute the entire
understanding and agreement of the Optionee and the Company with respect to the subject matter contained therein, and there are no agreements, understandings, restrictions, representations, or warranties between the Optionee and the Company other
than those set forth or provided therein. To the extent contemplated therein, the provisions herein shall survive any exercise of the Option and shall remain in full force and effect. 

19. Other Miscellaneous Terms. Titles and captions contained herein are inserted only as a matter of
convenience and for reference, and in no way define, limit, extend or describe the scope of these Option Terms or the intent of any provision hereof. The Option Agreement, these Option Terms and the Plan shall be governed by and construed in
accordance with the laws of the State of California, irrespective of its choice of law principles. 
 20.
Independent Tax Advice. The Optionee agrees that he or she has obtained or will obtain the advice of independent tax counsel (or has determined not to obtain such advice, having had adequate opportunity to do so) regarding the federal and
state income tax consequences of the receipt and exercise of the Option and of the disposition of Common Stock acquired upon exercise of the Option, including advice regarding the imposition of the alternative minimum tax which may result from items
of tax preference, such as that generated in certain cases by exercise of incentive stock 

  

 Silver Spring Networks, Inc. 

Option Terms 

Non-Statutory Stock Option Agreement 
 Page 11 
  

 
options, and regarding holding period requirements for preferential tax treatment. The Optionee acknowledges that he or she has not relied and will not rely upon any advice or representation by
the Company or by its representatives with respect to the tax treatment of the Option. 
 21. Independent
Contractor: Indemnity by the Optionee. The Optionee agrees that in performing services for the Company, the Optionee is acting as an independent contractor. As such, the Optionee waives any claim of rights to payment by the Company of Social
Security Taxes, Income Tax Withholding, Worker’s Compensation, Unemployment Compensation, or like benefits normally afforded employees of the Company and agrees that Optionee alone shall be responsible for paying said obligations. 

  

 Silver Spring Networks, Inc. 

Option Terms 

Non-Statutory Stock Option Agreement 
 Page 12 
  

 SCHEDULE OF EXHIBITS 

 

			
	 Exhibit A:
	  	 Form of Notice of Exercise and Investment Representation Statement for Non-Statutory Stock Option Agreement

		
	 Exhibit B:
	  	 Stock Option Plan

  

 EXHIBIT A 

SILVER SPRING NETWORKS, INC. 
 FORM OF NOTICE OF EXERCISE 
 AND INVESTMENT REPRESENTATION STATEMENT FOR

 NON-STATUTORY STOCK OPTION AGREEMENT 
 Silver Spring Networks, Inc. 
 2755 Campus Drive, Suite 205 

San Mateo, CA 94403 
 Attention: Corporate Secretary 
  

	Re:	Notice of Exercise of Stock Option 

 Ladies and
Gentlemen: 
 I hereby exercise, as of
                     , 20    , my stock option (granted
                    ) to purchase
                    shares (the “Option Shares”) of the Common Stock of Silver Spring Networks, Inc., a Delaware corporation (the
“Company”). Payment of the option price of $        is attached to this notice. 
 As a condition to this notice of exercise, I hereby make the following representations and agreements: 
 Investment Representation Statement. 
 1. I am purchasing the
Option Shares for investment for my own account only and not with a view to, or for resale in connection with, any “distribution” thereof. I am aware of the Company’s business affairs and financial condition and have had access to
such information about the Company as I have deemed necessary or desirable to reach an informed and knowledgeable decision to acquire the Option Shares. 
 2. I understand that the Option Shares have not been registered under the Securities Act of 1933, as amended (the “Act”), or qualified or registered under the blue sky law of any state (the
“Law”), by reason of specific exemptions therefrom, which exemptions depend upon, among other things, the bona fide nature of my investment intent as expressed herein. In this connection, I understand that, in the view of the Securities
and Exchange Commission (the “Commission”), the statutory basis for one such exemption may not exist if my representation means that my present intention is to hold the Option Shares for a minimum capital gains period under the tax laws,
for a deferred sale, for a market rise, for a sale if the market does not rise, or for a year or any other fixed period in the future. 

 Non-Statutory Stock Option Agreement 

Exhibit “A” 
 Page 2 
  

 3. I acknowledge and agree that the Option Shares are restricted
securities which must be held indefinitely unless they are subsequently registered under the Act or an exemption from such registration is available. I further acknowledge and understand that the Company is under no obligation to register the Option
Shares. 
 4. I am aware of the adoption of Rule 144 by the Commission, which permits limited public resale of
securities acquired in a non-public offering, subject to the satisfaction of certain conditions, including, among other things, the availability of certain current public information about the issuer, the passage of not less than one (1) year
after the holder has purchased and paid for the securities to be sold, effectuation of the sale on the public market through a broker in an unsolicited “brokers’ transaction” or to a “market maker,” and compliance with
specified limitations on the amount of securities to be sold (generally, one percent (1%) of the total amount of common stock outstanding) during any three (3)-month period, except that such conditions need not be met by a person who is not an
affiliate of the Company at the time of sale and has not been an affiliate for the preceding three (3) months if the securities to be sold have been beneficially owned by such person for at least two (2) years prior to their sale.

 5. I understand that the Company currently does not, and at the time I wish to sell the Option Shares may
not, satisfy the current public information requirement of Rule 144 and, consequently, I may be precluded from selling the Option Shares under Rule 144 even if the one (1)-year minimum holding period has been satisfied. 

6. I further understand that if all of the requirements of Rule 144 are not met, compliance with Regulation A or some
other exemption from registration will be required; and that, although Rule 144 is not exclusive, the Staff of the Commission has expressed its opinion that persons proposing to sell restricted securities other than in a registered offering and
other than pursuant to Rule 144 will have a substantial burden of proof in establishing that an exemption from registration is available for such offers or sales and that such persons and the brokers who participate in such transactions do so at
their own risk. 
 7. I further understand that the certificate(s) representing the Option Shares, whether upon
initial issuance or any transfer thereof, shall bear on their reverse legends, prominently stamped or printed thereon in capital letters, reading as follows: 
 THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS
THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT COVERING SUCH SECURITIES, THE SALE IS MADE IN ACCORDANCE WITH RULE 144 OR RULE 701 UNDER THE ACT, OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THESE SECURITIES REASONABLY
SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF THE ACT. 

  

 Non-Statutory Stock Option Agreement 

Exhibit “A” 
 Page 3 
  

 THE SECURITIES EVIDENCED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS
ON TRANSFER AND OTHER AGREEMENTS (INCLUDING CERTAIN REPURCHASE RIGHTS UPON TERMINATION OF SERVICE AS A DIRECTOR) CONTAINED IN A STOCK OPTION AGREEMENT AND IN THOSE STOCK OPTION TERMS INCORPORATED INTO SUCH STOCK OPTION AGREEMENT, DATED
            , A COPY OF WHICH IS ON FILE WITH THE COMPANY. 
 8. I further understand that I may suffer adverse tax consequences as a result of my purchase or disposition of the Option Shares. I represent that I have consulted with any tax consultant(s) I deem
advisable in connection with the purchase or disposition of the Option Shares and that I am not relying on the Company for any tax advice. 
 The undersigned hereby acknowledges receipt and entry into a Subscription Agreement for the Option Shares as of the date hereof. 

IN WITNESS WHEREOF, the undersigned has executed this Notice of Exercise as of the date set forth below.

  

			
	 Signed:
	 	  

			
		
	 Print Name:
	 	  

			
		
	 Social Security No.:
	 	  

			
		
	 Address:
	 	  

		
		 	  

			
		
	 Dated:
	 	  

  

 EXHIBIT B 
 STOCK OPTION PLAN 

 THE SECURITY REPRESENTED BY THIS AGREEMENT 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. 
 SILVER SPRING NETWORKS, INC. 

NON-STATUTORY STOCK OPTION AGREEMENT 
 OPTION TERMS 
 (Exercisable Immediately) 

(Change of Control Provisions) 
 THESE OPTION TERMS (“Option Terms”) ARE INCORPORATED INTO THAT CERTAIN NON-STATUTORY STOCK OPTION AGREEMENT (“Option Agreement”), by and between Silver
Spring Networks, Inc., a Delaware corporation (the “Company”), and the optionee named in the Option Agreement (the “Optionee”) and dated on the “Date of Grant” set forth therein. 

R E C I T A L S 
 A. The Company has adopted and implemented its 2003 Stock Option Plan (the “Plan”) permitting the grant of stock options to directors, consultants and other independent contractors
(including members of the Company’s Board of Directors who are not employees of the Company and its Parent and Subsidiary corporations (as hereinafter defined), some of which are intended to be non-statutory stock options in that they do not
qualify as incentive stock options within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), to purchase shares of the authorized but unissued Common Stock of the
Company (“Common Stock”). The par value of the Company’s Common Stock is as set forth in the Option Agreement. 
 B. The Board of Directors (or a duly authorized committee thereof) of the Company (in either case, referred to herein as the “Board”) has authorized the granting of a non-statutory
stock option to the Optionee, thereby allowing the Optionee to acquire an ownership interest (or increase his or her ownership interest) in the Company. 
 O P T I O N    T E R M S 
 1.
Grant of Stock Option. As set forth in the Option Agreement, the Company has granted to the Optionee a non-transferable and non-assignable option to purchase the number of shares of the Company’s Common Stock at the exercise price
set forth in the Option Agreement as adjusted and upon the terms and conditions set forth herein (such purchase right being sometimes referred to herein as the “Option”). 

 Silver Spring Networks, Inc. 

Option Terms 

Non-Statutory Stock Option Agreement 
  

 2. Term and Type of Option. Unless earlier terminated in
accordance with Section 7 or 8.2 hereof, the Option and all rights of the Optionee to purchase Common Stock thereunder shall expire with respect to all of the shares then subject hereto at 5:00 p.m. Pacific time on the expiration date set forth
in the Option Agreement (the “Expiration Date”). The Option is a non-statutory stock option in that it is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue
Code. Accordingly, Optionee understands that under current law, he or she will recognize ordinary income for federal income tax purposes upon exercise of this Option in an amount equal to the excess (if any) of the fair market value of the shares of
Common Stock so purchased (determined (i) as of the date of such exercise to the extent (A) the shares are then “Vested Shares” as defined in Section 4.2.1 below or (B) Optionee has made a timely election under
Section 83(b) of the Internal Revenue Code, or (ii) as of each date following such exercise as and when shares first become Vested Shares) over the exercise price paid for such shares. Optionee further understands that Optionee must
satisfy all applicable federal, state, local and foreign income and employment tax withholding requirements at the date of exercise. 
 3. Option Immediately Exercisable. Subject to the remaining provisions herein, the Option shall be exercisable in full or in part at any time after the date hereof and prior to the
Expiration Date (or any earlier termination of the Option as provided herein). Except as provided in Section 7, in order to exercise the Option, the Optionee must be and remain in a service relationship with the Company, or with any parent or
subsidiary corporation of the Company (as defined in Internal Revenue Code Section 424(e) and (f)) a “Parent corporation” and “Subsidiary corporation,” respectively), during the entire period
commencing with the Date of Grant and ending on the date of any exercise of the Option. For purposes hereof “service relationship” shall mean being a duly elected, acting corporate director, or an independent contractor or employee.
Except as otherwise expressly provided herein, the Optionee’s services to the Company shall be deemed to have terminated upon an actual termination of such service relationship and when any Parent or Subsidiary corporation of the Company ceases
to have such relationship with the Company. Any references herein to the Optionee’s service relationship with the Company shall be deemed to also refer to the Optionee’s service relationship with any such Parent or subsidiary corporation
of the Company, as applicable. 
 3.1 Overriding Limitation on Time for Exercise. Notwithstanding
any other provisions herein providing for a longer time to exercise, the Option may not be exercised after the expiration of ten (10) years from the Date of Grant. 
 4. Restrictions on “Non-Vested Shares.” 
 4.1
Obligation to Resell Non-Vested Shares. 
 4.1.1 Repurchase Right Accrues Upon Optionee’s
Termination of Service Relationship. On the termination of the Optionee’s service relationship with the Company, whether by reason of the Optionee’s voluntary resignation, failure to be re-elected, removal or other involuntary
termination (with or without cause), or under any other circumstances, the Company (and its assignees as provided in Section 4.2.4 below) shall have the option to repurchase from the Optionee, and the Optionee shall be obligated to sell to the
Company (and to its assignees pursuant to Section 4.2.4 below) all or any 

  
 2 

 Silver Spring Networks, Inc. 

Option Terms 

Non-Statutory Stock Option Agreement 
  

 
portion of the shares of the Common Stock which at the date of the termination of the Optionee’s service relationship with the Company are “Non-Vested Shares” (as defined
hereinbelow) at the lower of the Exercise Price or then current fair market value stated in the Option Agreement. 
 4.1.2 Repurchase Procedure. The Company shall within forty-five (45) days after the later of (i) the termination or expiration of exercisability of the Option or (ii) the date
of any termination of the Optionee’s service relationship with the Company, give written notice to the Optionee or to the Optionee’s representative, as the case may be, specifying the number of Non-Vested Shares which the Company (or its
assignees) is electing to repurchase hereunder, and the place and time (which in no event shall be later than forty-five (45) days from the date of such notice) of the closing of such repurchase, and the Optionee shall deliver any certificates
in the Optionee’s possession representing Non-Vested Shares to the Company prior to such time. 
 4.2 Vesting
Schedule. 
 4.2.1 Non-Vested Shares. The percentage of the shares covered by the Option
which shall be “Non-Vested Shares” shall be determined as set forth in the Option Agreement. All shares that are Non-Vested Shares on the date of termination of Optionee’s service relationship with the Company shall
retain that status irrespective of the passage of time. Any reference herein to “Vested Shares” shall mean those shares under the Option which are no longer Non-Vested Shares. 

4.2.2 Agreement Binds all Securities that May Be Issued. If, after the date of issuance of the Common
Stock to the Optionee upon exercise of the Option, the Company shall issue any additional shares of its Common Stock to holders of Common Stock by way of dividend or stock split or other distribution, or if there is a reclassification of the Common
Stock of the Company, or if any shares of capital stock or other securities of the Company or of any other corporation are issued in exchange for, or with respect to, the Common Stock issued hereunder pursuant to any recapitalization, merger, sale
of assets, liquidation or other reorganization (collectively, “Reorganization”), regardless of whether the Company shall survive such Reorganization, all of such shares of Common Stock, capital stock and other securities
shall be considered to be additional shares acquired by the Optionee under the Option and shall be ratably subject to all provisions herein (including, without limitation, this Section 4) as if they had been issued to the Optionee hereunder.

 4.2.3 Repurchase Price. The repurchase price under this Section 4 shall be the Exercise
Price for each Non-Vested Share being repurchased by the Company (or its assignees), reasonably and ratably adjusted for any stock split, stock dividend or Reorganization. Payment for all shares of Non-Vested Shares repurchased under this
Section 4 shall be made by cancellation of the Optionee’s indebtedness to the Company (if any) or by cash or Company check. 
 4.2.4 Assignability of Company’s Rights. The Company may at any time transfer and assign its rights and delegate its obligations under this Section 4 to any other person,
corporation, firm or entity, including its officers, directors or shareholders, with or without consideration. 

  
 3 

 Silver Spring Networks, Inc. 

Option Terms 

Non-Statutory Stock Option Agreement 
  

 4.2.5 Prohibition on Transfers of Non-Vested Shares. In
addition to the restrictions on transfer set forth elsewhere herein and in the Notice of Exercise and Investment Representation Statement attached hereto as “Exhibit A” (the “Notice of Exercise”), the
Optionee agrees that neither the Optionee nor the Optionee’s heirs, successors and assigns will have any right or power under any circumstances to sell, transfer (with or without consideration), pledge, assign, hypothecate or dispose of
(collectively, “Disposition”) any Non-Vested Shares or any interest therein, except to the Company (or its assigns as designated in writing to the Optionee). Any attempted Disposition in breach of this Section 4.2.5
shall be null and void and of no force or effect whatsoever. 
 4.2.6 Retention by Company of
Certificates Evidencing Non-Vested Shares. Each stock certificate evidencing, in whole or in part, Non-Vested Shares issued to the Optionee hereunder shall be immediately redelivered by the Optionee to the Company, together with collateral
instruments of transfer executed in blank and, if requested by the Company, instructions in form provided by the Company, to be held by the Company until such time as such shares are no longer Non-Vested Shares hereunder. After the shares have
become Vested Shares hereunder, the Company shall, from time to time within sixty (60) days from the date of receipt of the Optionee’s written request therefor, deliver or cause to be delivered to the Optionee stock certificates evidencing
those shares covered by the Option which are at that time Vested Shares hereunder. 
 4.2.7 Change of
Control. In the event of a Change of Control (as defined below, the percent of the Non-Vested Shares purchasable under the Option specified in the Option Agreement shall immediately become Vested Shares as of the consummation of such Change
of Control. The vesting that was permissible solely by reason of this Section shall be conditioned upon the consummation of the Change of Control. “Change of Control” shall be deemed to have occurred in the event any of the
following occurs with respect to the Company: 
 4.2.7.1 the direct or indirect sale or exchange by the
stockholders of the Company of all or substantially all of the stock of the Company where the stockholders of the Company before such sale or exchange do not retain, directly or indirectly, at least a majority of the beneficial interest in the
voting stock of the Company after such sale or exchange; 
 4.2.7.2 a merger or consolidation in which
the Company is not the surviving corporation, other than (i) a merger or consolidation in which the stockholders of the Company before such merger or consolidation retain directly or indirectly, at least a majority of the voting stock of the
surviving corporation or the parent corporation of the surviving corporation and the Option is assumed or substituted by the surviving corporation which assumption or substitution shall be binding on Optionee, or (ii) 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 Option is assumed or substituted by the surviving,
continuing, successor or parent corporation, which assumption or substitution shall be binding on the Optionee; 
 4.2.7.3 a merger or consolidation in which the Company is the surviving corporation where the stockholders of the Company before such merger or consolidation do not retain, directly or indirectly,
at least a majority of the voting stock of the Company after such merger or consolidation; 

  
 4 

 Silver Spring Networks, Inc. 

Option Terms 

Non-Statutory Stock Option Agreement 
  

 4.2.7.4 the sale, exchange, or transfer of all or substantially
all of the assets of the Company other than a sale, exchange, or transfer to one (1) or more subsidiaries of the Company; and 
 4.2.7.5 a liquidation or dissolution of the Company. 

5. Right of First Refusal Applicable to Vested Shares. The Optionee and successors-in-interest to Optionee
shall not sell, assign, pledge or in any manner transfer any of the Vested Shares of the Common Stock purchased hereunder (Non-Vested Shares being subject to the absolute prohibition on transfers under Section 4.2.5 above), or any right or
interest therein, whether voluntarily or by operation of law, or by gift or otherwise, except for a transfer which meets the requirements hereinafter set forth. 

5.1 Notice of Proposed Sale. If the Optionee desires to sell or otherwise transfer any of his or her Vested
Shares of Common Stock, the Optionee shall first give written notice thereof to the Company. The notice shall name the proposed transferee, describe the relationship of such proposed transferee to Optionee and state the number of Vested Shares to be
transferred, the proposed consideration and all other material terms and conditions of the proposed transfer. 

5.2 Option of Company to Repurchase. 

5.2.1 Repurchase Price. For forty-five (45) days following receipt of such notice, the Company (and
its assignees as provided in Section 5.3 below) shall have the option to elect to purchase some or all of the shares specified in the notice at the price and upon the terms set forth in such notice; provided that if the terms of payment set
forth in the Optionee’s notice were other than cash against delivery, the Company (or its assignees) shall pay in cash or by check for said shares equal to the fair market value thereof as determined in good faith by the Board. 

5.2.2 Arbitration of Valuation Dispute. Notwithstanding the foregoing, in the event that the Optionee
disagrees with the determination of fair market value by the Board, the Optionee shall have the right to have such fair market value determined by arbitration in accordance with the rules of the American Arbitration Association. The arbitration
shall be held in the county in which the Company has its executive offices. The cost of arbitration shall be borne in equal shares by the Company and the Optionee. 

5.2.3 Exercise of Repurchase Option. In the event the Company (or its assignees) elects to purchase some
or all of such shares, it shall give written notice to the Optionee of its election and settlement for such purchase of shares shall be made as provided below in Section 5.4. 

5.3 Assignability of Company’s Rights Hereunder. The Company may at any time transfer and assign its
rights and delegate its obligations under this Section 5 to any other person, corporation, firm or entity, including its officers, directors or shareholders, with or without consideration. 

  
 5 

 Silver Spring Networks, Inc. 

Option Terms 

Non-Statutory Stock Option Agreement 
  

 5.4 Closing of Company Repurchase. In the event the
Company (or its assignees) elects to acquire some or all of the shares of the Optionee as specified in the Optionee’s notice, the Secretary of the Company shall so notify the Optionee within forty-five (45) days after receipt of the
Optionee’s notice, and settlement thereof shall be made by cash or Company check not later than forty-five (45) days after the date the Secretary of the Company gives the Optionee notice of the Company’s election. 

5.5 Transferred Shares Remain Subject to Restrictions. In the event the Company (or its assignees) does not
elect to acquire all of the Vested Shares specified in the Optionee’s notice, the Optionee may, within the sixty (60) day period following the expiration of the forty-five (45) day period for electing to exercise the purchase rights
granted to the Company (and its assignees) in Section 5.2, transfer the number of Vested Shares in the manner specified in his or her notice. In that event, the transferee, assignee or other recipient shall, as a condition of the transfer of
ownership, receive and hold such shares subject to the provisions of this Section 5 (and also subject to any other applicable provisions hereof) and shall execute such documentation as may be requested by the Company, including, but not limited
to, an investment representation letter containing provisions similar to those set forth in the Notice of Exercise. 
 5.6 Exceptions to First Refusal Rights. Anything to the contrary contained herein notwithstanding, the transactions set forth below in Section 5.6.1 shall be exempt from the provisions
of this Section 5 (provided that the transferee shall first agree in writing, satisfactory to the Company, to be bound by the terms and provisions of Sections 5, 6, 11, and 14-21 hereof). 

5.6.1 Transfer to Family Member. The Optionee’s transfer of any or all Vested Shares held subject to
the Option (either during the Optionee’s lifetime or on death by will or the laws of intestacy) to the Optionee’s “Immediate Family,” as herein defined, or to any custodian or trustee for the account of the Optionee or his or her
Immediate Family. “Immediate Family” as used herein shall mean the spouse, lineal descendants, father, mother, brother, sister, niece or nephew of the Optionee. 

5.7 Waivers by the Company. The provisions of this Section 5 may be waived by the Company with respect
to any transfer proposed by the Optionee only by duly authorized action of its Board. 
 5.8 Unauthorized
Transfers Void. Any sale or transfer, or purported sale or transfer, of the Vested Shares of Common Stock subject to the Option shall be null and void unless the terms, conditions and provisions of this Section 5 are strictly satisfied.

 5.9 Termination of First Refusal Right. The foregoing right of first refusal shall terminate
upon the earlier of: 
 5.9.1 Public Offering. The date equity securities of the Company are
first offered and sold to the public generally pursuant to a registration statement filed with, and declared effective by, the United States Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as
amended (the “Securities Act”); or 

  
 6 

 Silver Spring Networks, Inc. 

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 5.9.2 Acquisition of the Company. Immediately prior to
the acquisition of all or substantially all of the business and assets of the Company by an unaffiliated third party (as determined by the Board), whether by merger, sale of outstanding stock or of the Company’s assets, or otherwise, where no
express provision is made for the assignment and continuation of the Company’s rights hereunder by a new or successor corporation. 
 6. Agreement to Lock-Up in the Event of Public Offering. In the event of a public offering of the Company’s Common Stock pursuant to a registration statement declared effective by the
SEC, the Employee agrees not to sell, sell short, grant any option to buy or otherwise dispose of the shares of Common Stock purchased pursuant to the Option (except for any such shares which may be included in the registration) for a period of up
to one hundred eighty (180) days following the consummation of such offering, which period may be extended upon the request of the managing underwriter, to the extent required by any rules of the securities exchange or trading system on which
the Company’s securities are listed, for an additional period of up to 34 days if the Company issues or proposes to issue an earnings or other public release within 18 days of the expiration of the 180-day lockup period. The Company may impose
stop-transfer instructions with respect to the shares of the Common Stock subject to the foregoing restriction until the end of said period. The Employee shall be subject to this Section 5 provided and only if the officers and directors of the
Company are also subject to similar arrangements. 
 7. Rights on Termination of Service
Relationship. Upon the termination of the Optionee’s service relationship with the Company (and with any Parent or Subsidiary corporation of the Company), the Optionee’s right to exercise the Option shall be limited in the manner
set forth in this Section 7 (and the Option shall terminate in the event not so exercised), and shall also be subject to the limitation provided in Section 3. 

7.1 Death. If the Optionee’s service relationship is terminated because of the death of the Optionee,
the Optionee’s estate may, for a period of twelve (12) months following the date of such termination, exercise the Option to the extent that the shares under the Option are Vested Shares on the date of such termination. The Optionee’s
estate shall mean the Optionee’s legal representative upon death or any person who acquires the right to exercise the Option by reason of such death in accordance with Section 9.2. 

7.2 Disability. If the Optionee’s service relationship with the Company is terminated because of a
disability, the Optionee may, within twelve (12) months following the date of such termination, exercise the Option to the extent that shares under the Option are Vested Shares on the date of such termination unless the Optionee dies prior to
the expiration of such period, in which event the Optionee shall be treated as though his or her death occurred on the date of termination due to such disability and the provisions of Section 7.1 shall apply. 

7.3 Termination For Cause. If the Optionee’s employment is terminated for cause, the Option shall expire on
Optionee’s termination date or at such later time and on such conditions as determined by the Board. For purposes of this paragraph, “cause” shall be defined as the willful breach or habitual neglect of the duties which Optionee is
required to perform by the Company, or any act of 

  
 7 

 Silver Spring Networks, Inc. 

Option Terms 

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dishonesty, fraud, misrepresentation or other acts of moral turpitude as would prevent the effective performance of Optionee’s duties. 

7.4 Other Termination. If the Optionee’s service relationship is terminated for any reason other than
provided in Sections 7.1 7.2 or 7.3 above, the Optionee or the Optionee’s estate may, within three (3) months after the date of the Optionee’s termination, exercise the Option to the extent shares purchasable under the Option are
Vested Shares on the date of such termination unless the Optionee dies prior to the end of such three (3) month period, in which event the Optionee shall be treated as though the Employee had died on the date of termination and the provisions
of Section 7.1 hereof shall apply. 
 7.5 Transfer to Related Corporation. In the event the
Optionee severs his or her service relationship with the Company to enter a service relationship with any Parent or Subsidiary corporation of the Company or if the Optionee leaves a service relationship with any such Parent or Subsidiary corporation
to enter a service relationship with the Company or of another such Parent or Subsidiary corporation of the Company, the Optionee shall be deemed to continue his or her service relationship with the Company for all purposes of the Option.

 7.6 Extension if Exercise Prevented by Law. Notwithstanding the foregoing, if the exercise of
the Option within the applicable time periods set forth above is prevented because the issuance of shares upon such exercise would constitute a violation of any applicable federal, state or foreign securities law or other law or regulation, the
Option shall remain exercisable as to Vested Shares at the date of termination of Optionee’s service relationship until three (3) months after the date the Optionee is notified by the Company that the Option is exercisable, but in any
event no later than the expiration of ten (10) years from the Date of Grant. The Company makes no representation as to the tax consequences of any such delayed exercise. The Optionee should consult with the Optionee’s own tax advisor as to
the tax consequences to the Optionee’s of any such delayed exercise. 
 7.7 Extension if Optionee is
Subject to Section 16(b). Notwithstanding the foregoing, if a sale within the applicable time periods for exercise of the Option set forth in Section 7 of shares acquired upon the exercise of the Option would subject the Optionee
to liability under Section 16(b) of the Securities Exchange Act of 1934, as amended, the Option shall remain exercisable as to Vested Shares at Optionee’s date of termination of Optionee’s service relationship until the earliest to
occur of (i) the tenth (10th) day following the date on which a sale of such shares by the Optionee would no longer be subject to such liability, (ii) the one hundred ninetieth (190th) day after the termination of Optionee’s
service relationship, or (iii) the Expiration Date. 
 8. Adjustments upon Changes in Capitalization or
Merger. 
 8.1 Stock Splits and Similar Events; Reclassifications. The number of shares of
Common Stock covered by the Option and the exercise price thereof shall be proportionately adjusted for any increase or decrease in the number of issued and outstanding shares of Common Stock resulting from a subdivision or combination of such
shares or the payment of a stock dividend (but only on the 

  
 8 

 Silver Spring Networks, Inc. 

Option Terms 

Non-Statutory Stock Option Agreement 
  

 
Common Stock) or a recapitalization or any other increase or decrease in the number of such outstanding shares of Common Stock effected without receipt of consideration by the Company; provided,
however, that the conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration.” In the event that the shares of Common Stock covered by the Option are reclassified by
the Company, other than pursuant to a transaction described in Section 8.2, then the Option shall apply to the appropriate number of shares of newly classified Common Stock designated by the Board. 

8.2 Mergers and Acquisitions. If the Company shall be a constituent corporation in any merger or
consolidation which results in the holders of the outstanding voting securities of the Company (determined immediately prior to such merger or consolidation) owning, directly or indirectly, at least a majority of the beneficial interest in the
outstanding voting securities of the surviving corporation or its Parent corporation (determined immediately after such merger or consolidation), the Option shall pertain and apply to the securities or other property to which a holder of the number
of shares subject to the unexercised portion of the Option would have been entitled. Any of (i) a dissolution or liquidation of the Company; (ii) a sale of all or substantially all of the Company’s business and assets; or (iii) a
merger or consolidation (in which the Company is a constituent corporation) which results in the holders of the outstanding voting securities of the Company (determined immediately prior to such merger or consolidation) owning, directly or
indirectly, less than a majority of the beneficial interest in the outstanding voting securities of the surviving corporation or its Parent corporation (determined immediately after such merger or consolidation) will cause the Option to terminate
immediately prior to such merger or consolidation. 
 8.3 Board’s Determination Final and Binding
Upon the Optionee. To the extent that the foregoing adjustments in this Section 8 relate to stock or securities of the Company, such adjustments shall be made by the Board, whose determination in that respect shall be final, binding and
conclusive. The Company agrees to give notice of any such adjustment to the Optionee; provided, however, that any such adjustment shall be effective and binding for all purposes hereof whether or not such notice is given or received. 

8.4 No Rights Except as Expressly Stated. Except as hereinabove expressly provided in this Section 8,
no additional rights shall accrue to the Optionee by reason of any subdivision or combination of shares of the capital stock of any class or the payment of any stock dividend or any other increase or decrease in the number of shares of any class or
by reason of any dissolution, liquidation, merger or consolidation or spin-off of assets or of stock of another corporation, and any issue by the Company of shares of stock of any class or of securities convertible into shares of stock of any class
shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or exercise price of shares subject to the Option. Neither the Optionee nor any person claiming under or through the Optionee shall be, or have any of
the rights or privileges of, a shareholder of the Company in respect of any of the shares issuable upon the exercise of the Option, unless and until the Option is properly and lawfully exercised and a certificate representing the shares so purchased
is duly issued and delivered to the Optionee or to his or her estate. 
 8.5 No Limitations on
Company’s Discretion. The grant of the Option shall not affect in any way the right or power of the Company to make adjustments, reclassifications, 

  
 9 

 Silver Spring Networks, Inc. 

Option Terms 

Non-Statutory Stock Option Agreement 
  

 
reorganizations or changes of its capital or business structure or to merge or consolidate or to dissolve, liquidate, sell or transfer all or any part of its business or assets. 

9. Manner of Exercise. 

9.1 General Instructions for Exercise. The Option shall be exercised by the Optionee by completing,
executing and delivering to the Company the Notice of Exercise specifying the number of shares of Common Stock which the Optionee elects to purchase. The Company’s obligation to deliver shares upon the exercise of the Option shall be subject to
the Optionee’s satisfaction of all applicable federal, state, local and foreign income and employment tax withholding requirements, if any. Upon receipt of such Notice of Exercise and of payment of the purchase price (and payment of applicable
taxes as provided above), the Company shall, as soon as reasonably possible and subject to all other provisions hereof, deliver certificates for the shares of Common Stock so purchased, registered in the Optionee’s name or in the name of his or
her legal representative (if applicable). Payment of the purchase price upon any exercise of the Option shall be made by check acceptable to the Company or in cash; provided, however, that the Board may, in its sole and absolute discretion, accept
any other legal consideration to the extent permitted under applicable laws and the Plan. 
 9.2 Exercise
Procedure After Death. To the extent exercisable after the Optionee’s death, the Option shall be exercised only by the Optionee’s executor(s) or administrator(s) or the person or persons duly authorized, or to whom the Option is
transferred under the Optionee’s will, or, if the Optionee shall fail to make testamentary disposition of the Option, under the applicable laws of descent and distribution. Any such transferee exercising the Option must furnish the Company with
(i) written Notice of Exercise and relevant information as to his or her status, (ii) evidence satisfactory to the Company to establish the validity of the transfer of the Option and compliance with any laws or regulations pertaining to
said transfer, and (iii) written acceptance of the terms and conditions of the Option as contained herein. 

10. Non-Transferable. The Option shall, during the lifetime of the Optionee, be exercisable only by the
Optionee and shall not be transferable or assignable by the Optionee in whole or in part other than by will or the laws of descent and distribution. If the Optionee shall make any such purported transfer or assignment of the Option, such assignment
shall be null and void and of no force or effect whatsoever. 
 11. Compliance with Securities and Other
Laws. The Option may not be exercised and the Company shall not be obligated to deliver any certificates evidencing shares of Common Stock thereunder if the issuance of shares upon such exercise would constitute a violation of any applicable
requirements of: (i) the Securities Act, (ii) the Securities Exchange Act of 1934, as amended, (iii) applicable state securities laws, (iv) any applicable listing requirement of any stock exchange on which the Company’s
Common Stock is then listed, and (v) any other law or regulation applicable to the issuance of such shares. Nothing herein shall be construed to require the Company to register or qualify any securities under applicable federal or state
securities laws, or take any action to secure an exemption from such registration and qualification for the issuance of any securities upon the exercise of the Option. Shares of Common Stock issued upon exercise of the Option shall include the
following legends and 

  
 10 

 Silver Spring Networks, Inc. 

Option Terms 

Non-Statutory Stock Option Agreement 
  

 
such other legends as in the opinion of the Company’s counsel may be required by applicable federal, state and foreign securities laws: 

THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(“THE ACT”), AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT COVERING SUCH SECURITIES, THE SALE IS MADE IN ACCORDANCE WITH RULE 144 OR RULE 701 UNDER THE ACT, OR
THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THESE SECURITIES REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS
OF THE ACT. 
 THE SECURITIES EVIDENCED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER AND OTHER
AGREEMENTS (INCLUDING CERTAIN REPURCHASE RIGHTS UPON TERMINATION OF SERVICES AS CONTAINED IN A NON-STATUTORY STOCK OPTION AGREEMENT AND IN THOSE STOCK OPTION TERMS INCORPORATED INTO SUCH STOCK OPTION AGREEMENT, DATED
                    , A COPY OF WHICH IS ON FILE WITH THE COMPANY. 

12. No Right to Continued Retention. Nothing contained in this Agreement or the Option shall:
(i) confer upon the Optionee any right with respect to the continuance of his or her service relationship with the Company, or with any Parent or Subsidiary corporation of the Company, or (ii) limit in any way the right of the Company, or
of any Parent or Subsidiary corporation, to terminate the Optionee’s service relationship at any time. Except to the extent the Company and the Optionee shall have otherwise agreed in writing or as provided by law or the Company’s charter
documents, the Optionee’s service relationship shall be terminable by the Company (or by a Parent or Subsidiary, if applicable) at will. 
 13. Committee of the Board. In the event that the Plan is administered by a committee of the Board (the “Committee”), all references herein to the Board shall be
construed to mean the Committee for the period(s) during which the Committee administers the Plan. 
 14.
Option Subject to Terms of Plan. In addition to the provisions hereof, these Option Terms and the Option Agreement are governed by, and subject to the terms and conditions of, the Plan. The Optionee acknowledges receipt of a copy of the
Plan (a copy of which is attached hereto as “Exhibit B”). The Optionee represents that he or she is familiar with the terms and conditions of the Plan, and hereby accepts the Option subject to all of the terms and conditions
thereof, which terms and conditions shall control to the extent inconsistent in any respect with the provisions herein or in the Option Agreement. The Optionee hereby agrees to accept as binding, conclusive and final all decisions and
interpretations of the Board as to any questions arising under the Plan, these Option Terms or the Option Agreement. 

  
 11 

 Silver Spring Networks, Inc. 

Option Terms 

Non-Statutory Stock Option Agreement 
  

 15. Notices. All notices and other communications of any
kind which either party to the Option Agreement may be required or may desire to serve on the other party to the Option Agreement in connection with the Option shall be in writing and may be delivered by personal service or by registered or
certified mail, return receipt requested, deposited in the United States mail with postage thereon fully prepaid, addressed to the other party at the addresses indicated in the Option Agreement or as otherwise provided below. Service of any such
notice or other communication so made by mail shall be deemed complete on the date of actual delivery as shown by the addressee’s registry or certification receipt or at the expiration of the third (3rd) business day after the date of
mailing, whichever is earlier in time. Either party may from time to time, by notice in writing served upon the other as aforesaid, designate a different mailing address or a different person to which such notices or other communications are
thereafter to be addressed or delivered. 
 16. Further Assurances. The Optionee shall, upon
request of the Company, take all actions and execute all documents requested by the Company which the Company deems to be reasonably necessary to effectuate the terms and intent of the Option and these Option Terms and, when required by any
provision herein to transfer all or any portion of the Common Stock purchased hereunder to the Company (or its assignees), the Optionee shall deliver such Common Stock endorsed in blank or accompanied by Stock Assignments Separate from Certificate
endorsed in blank, so that title thereto will pass by delivery alone. Any sale or transfer by the Optionee of the Common Stock to the Company (or its assignees) shall be made free of any and all claims, encumbrances, liens and restrictions of every
kind, other than those imposed hereunder. 
 17. Successors. Except to the extent the same is
specifically limited by the terms and provisions herein, the Option Agreement (as supplemented by the Plan and these Option Terms) is binding upon the Optionee and the Optionee’s successors, heirs and personal representatives, and upon the
Company, its successors and assigns. 
 18. Termination or Amendment. Subject to the terms and
conditions of the Plan, the Board may terminate or amend the Plan or the Option Agreement and these Option Terms at any time; provided, however, that no such termination or amendment may adversely affect the Option or any unexercised portion thereof
without the consent of the Optionee. 
 19. Integrated Agreement. The Option Agreement, these
Option Terms and the Plan constitute the entire understanding and agreement of the Optionee and the Company with respect to the subject matter contained therein, and there are no agreements, understandings, restrictions, representations, or
warranties between the Optionee and the Company other than those set forth or provided therein. To the extent contemplated therein, the provisions herein shall survive any exercise of the Option and shall remain in full force and effect. 

20. Other Miscellaneous Terms. Titles and captions contained herein are inserted only as a matter of
convenience and for reference, and in no way define, limit, extend or describe the scope of these Option Terms or the intent of any provision hereof. The Option Agreement, these Option Terms and the Plan shall be governed by and construed in
accordance with the laws of the State of California, irrespective of its choice of law principles. 

  
 12 

 Silver Spring Networks, Inc. 

Option Terms 

Non-Statutory Stock Option Agreement 
  

 21. Independent Tax Advice. The Optionee agrees that he or
she has obtained or will obtain the advice of independent tax counsel (or has determined not to obtain such advice, having had adequate opportunity to do so) regarding the federal and state income tax consequences of the receipt and exercise of the
Option and of the disposition of Common Stock acquired upon exercise of the Option, including advice regarding the imposition of the alternative minimum tax which may result from items of tax preference, such as that generated in certain cases by
exercise of incentive stock options, and regarding holding period requirements for preferential tax treatment. The Optionee acknowledges that he or she has not relied and will not rely upon any advice or representation by the Company or by its
representatives with respect to the tax treatment of the Option. 

  
 13 

 SCHEDULE OF EXHIBITS 

 

			
	Exhibit A:	  	Form of Notice of Exercise and Investment Representation Statement for Non-Statutory Stock Option Agreement
		
	Exhibit B:	  	Stock Option Plan

 EXHIBIT A 

SILVER SPRING NETWORKS, INC. 
 NOTICE OF EXERCISE AND 
 INVESTMENT REPRESENTATION STATEMENT FOR

 NON-STATUTORY STOCK OPTION AGREEMENT 
 Silver Spring Networks, Inc. 
 Attn: Corporate Secretary 

 

	 	Re:	Notice of Exercise of Stock Option 

Ladies and Gentlemen: 
 I hereby exercise, as of [DATE OF EXERCISE], my option to purchase [NUMBER OF SHARES TO BE EXERCISED] of the [TOTAL NUMBER OF OPTION GRANT SHARES] shares granted to me on [DATE OF OPTION GRANT] (the
“Option Shares”) to purchase Common Stock of Silver Spring Networks, Inc., a Delaware corporation (the “Company”) at [PURCHASE PRICE PER SHARE] per share. Payment of the option price of [PURCHASE
PRICE] is attached to this notice. 
 As a condition to this notice of exercise, I hereby make the following
representations and agreements: 
 Investment Representation Statement. 

 

	1.	 I am purchasing the Option Shares for investment for my own account only and not with a view to, or for resale in connection with, any
“distribution” thereof. I am aware of the Company’s business affairs and financial condition and have had access to such information about the Company as I have deemed necessary or desirable to reach an informed and knowledgeable
decision to acquire the Option Shares. 

  

	2.	 I understand that the Option Shares have not been registered under the Securities Act of 1933, as amended (the “Act”), or
qualified or registered under the blue sky law of any state (the “Law”), by reason of specific exemptions therefrom, which exemptions depend upon, among other things, the bona fide nature of my investment intent as expressed
herein. In this connection, I understand that, in the view of the Securities and Exchange Commission (the “Commission”), the statutory basis for one such exemption may not exist if my representation means that my present
intention is to hold the Option Shares for a minimum capital gains period under the tax laws, for a deferred sale, for a market rise, for a sale if the market does not rise, or for a year or any other fixed period in the future. I acknowledge and
agree that the Option Shares are restricted securities which must be held indefinitely unless they are subsequently registered under the Act or an exemption from such registration is available. I further acknowledge and understand that the Company
is under no obligation to register the Option Shares. 

	3.	 I am aware of the adoption of Rule 144 by the Commission, which permits limited public resale of securities acquired in a non-public offering,
subject to the satisfaction of certain conditions, including, among other things, the availability of certain current public information about the issuer, the passage of not less than six (6) months after the holder has purchased and paid for
the securities to be sold, effectuation of the sale on the public market through a broker in an unsolicited “brokers’ transaction” or to a “market maker,” and compliance with specified limitations on the amount of securities
to be sold (generally, one percent (1%) of the total amount of common stock outstanding) during any three (3)-month period, except that such conditions need not be met by a person who is not an affiliate of the Company at the time of sale and
has not been an affiliate for the preceding three (3) months if the securities to be sold have been beneficially owned by such person for at least one (1) years prior to their sale. 

 

	4.	 I understand that the Company currently does not, and at the time I wish to sell the Option Shares may not, satisfy the current public information
requirement of Rule 144 and, consequently, I may be precluded from selling the Option Shares under Rule 144 even if the minimum holding period has been satisfied. 

 

	5.	 I further understand that if all of the requirements of Rule 144 are not met, compliance with Regulation A or some other exemption from
registration will be required; and that, although Rule 144 is not exclusive, the Staff of the Commission has expressed its opinion that persons proposing to sell restricted securities other than in a registered offering and other than pursuant
to Rule 144 will have a substantial burden of proof in establishing that an exemption from registration is available for such offers or sales and that such persons and the brokers who participate in such transactions do so at their own risk.

  

	6.	 I further understand that the certificate(s) representing the Option Shares, whether upon initial issuance or any transfer thereof, shall bear on
their face legends, prominently stamped or printed thereon in capital letters, reading as follows: 

 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR THE PURCHASER’S OWN ACCOUNT AND NOT WITH A VIEW TO, OR FOR RESALE IN CONNECTION WITH, ANY DISTRIBUTION THEREOF. NO SALE OR OTHER
DISPOSITION OF SUCH SECURITIES MAY BE EFFECTED WITHOUT THE (1) REGISTRATION OF SUCH SALE OR DISPOSITION UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND (2) QUALIFICATION OF SUCH SALE OR DISPOSITION UNDER THE CALIFORNIA CORPORATE
SECURITIES LAW OF 1968, AS AMENDED, OR AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION AND QUALIFICATION ARE NOT REQUIRED. 

THE TRANSFER OF THESE SECURITIES, OR ANY PORTION THEREOF OR INTEREST THEREIN, IS RESTRICTED BY AN
AGREEMENT BETWEEN THE PURCHASER AND THE COMPANY. A COPY OF SUCH AGREEMENT MAY BE INSPECTED AT THE PRINCIPAL OFFICE OF THE CORPORATION AND ALL PROVISIONS OF SUCH AGREEMENT ARE INCORPORATED BY REFERENCE IN THIS CERTIFICATE. 

 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A LOCK-UP PERIOD
OF UP TO 214 DAYS FOLLOWING THE EFFECTIVE DATE OF A REGISTRATION STATEMENT OF THE COMPANY FILED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AS SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE ORIGINAL HOLDER OF THESE SHARES, A COPY OF WHICH
MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE COMPANY. SUCH LOCK-UP PERIOD IS BINDING ON TRANSFEREES OF THESE SHARES. 
  

	7.	 I further understand that without the prior written consent of the managing underwriter, during the period commencing on the date of the final
prospectus relating to the closing of the Company’s first firm commitment underwritten public offering registered under the Securities Act of 1933 and ending on the date specified by the Company and the managing underwriter (such period not to
exceed 180 days, which period may be extended upon the request of the managing underwriter, to the extent required by any rules of the securities exchange or trading system on which the Company’s securities are listed, for an additional period
of up to 34 days if the Company issues or proposes to issue an earnings or other public release within 18 days of the expiration of the 180-day lockup period), I will not (a) lend, offer, pledge, sell, contract to sell, sell any option or
contract to purchase, purchase any option or contract to sell, grant any option, right, or warrant to purchase or otherwise transfer or dispose of, directly or indirectly, any Common Stock, or any securities convertible into or exercisable or
exchangeable (directly or indirectly) for Common Stock, held immediately before the effective date of the registration statement for such offering or (b) enter into any swap or other arrangement that transfers to another, in whole or in part,
any of the economic consequences of ownership of such securities, whether any such transaction described in clause (a) or (b) above is to be settled by delivery of Common Stock or other securities, in cash, or otherwise.

  

	8.	 I further understand that upon the termination of my employment with the Company, any non-vested shares as calculated according to the Option
Agreement and the Option Terms are subject to Company’s right of repurchase at the Exercise Price. 

  

	9.	 I further understand that I may suffer adverse tax consequences as a result of my purchase or disposition of the Option Shares. I represent that I
have consulted with any tax consultant(s) I deem advisable in connection with the purchase or disposition of the Option Shares and that I am not relying on the Company for any tax advice. 

 IN WITNESS WHEREOF, the undersigned has executed this Notice of Exercise as of the
date set forth below. 
  

			
	 Signed:
	 	  

			
		
	 Print Name:
	 	  

			
		
	 Social Security No.:
	 	  

			
		
	 Address:
	 	  

		 	  

		 	  

			
		
	Dated:	 	  

  
  

 EXHIBIT B 

Stock Option Plan 

 SILVER SPRING NETWORKS, INC. 

AWARD AGREEMENT (RESTRICTED STOCK UNITS) TO THE 
 SILVER SPRING NETWORKS, INC. 2003 STOCK OPTION PLAN 

Unless otherwise defined herein, the terms defined in the Silver Spring Networks, Inc. (the
“Company”) 2003 Stock Option Plan (the “Plan”) shall have the same defined meanings in this Award Agreement (Restricted Stock Units) (the “Agreement”). 

You (“Participant”) have been granted Restricted Stock Units (“RSUs”) subject to the
terms, restrictions and conditions of the Plan, the Notice of Restricted Stock Unit Award (the “Notice”) and this Agreement. 
 1. Settlement. Settlement of RSUs shall be made within 90 days following the applicable date of vesting under the vesting schedule set forth in the Notice. Settlement of RSUs shall be
in Shares. 
 2. No Stockholder Rights. Unless and until such time as Shares are issued in settlement of vested
RSUs, Participant shall have no ownership of the Shares allocated to the RSUs and shall have no right dividends or to vote such Shares. 
 3. Dividend Equivalents. Dividends, if any (whether in cash or Shares), shall not be credited to Participant. 
 4. No Transfer. The RSUs and any interest therein shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of. 

5. Termination. If Participant’s service with the Company, the Parent or any Subsidiary corporation of the Company
terminates for any reason, all unvested RSUs shall be forfeited to the Company forthwith, and all rights of Participant to such RSUs shall immediately terminate. In case of any dispute as to whether termination has occurred, the Committee shall have
sole discretion to determine whether such termination has occurred and the effective date of such termination. 
 6.
Representations and Warranties of Participant: Participant represents and warrants to the Company as follows. 
 6.1 Shares Not Registered or Qualified. Participant understands and acknowledges that the Shares have not been registered with the SEC under the Securities Act, or with any securities
regulatory agency administering any state securities laws, and that, notwithstanding any other provision of the Plan or this Agreement to the contrary, the settlement of any rights to any Shares is expressly conditioned upon compliance with the
Securities Act and all applicable state securities laws. Participant agrees to cooperate with the Company to ensure compliance with such laws. 
 6.2 No Transfer Unless Registered or Exempt. Participant understands that Participant may not transfer any Shares unless such Shares are registered under the Securities Act or qualified
under applicable state securities laws or unless, in the opinion of counsel to the Company, exemptions from such registration and qualification requirements are available. Participant understands that only the Company may file a registration
statement with the SEC and that the Company is under no obligation to do so with respect to the Shares. Participant has also been advised that exemptions from registration and qualification may not be available or may not permit Participant to
transfer all or any of the Shares in the amounts or at the times proposed by Participant. 

  
 1 

 6.3 SEC Rule 701. The Shares are issued pursuant to SEC Rule 701
promulgated under the Securities Act and may become freely tradable by non-affiliates (under limited conditions regarding the method of sale) ninety (90) days after the first sale of Common Stock of the Company to the general public pursuant to
a registration statement filed with and declared effective by the SEC, subject to the lengthier market standoff agreement contained in this Agreement or any other agreement entered into by Participant. Affiliates must comply with the provisions
(other than the holding period requirements) of Rule 144 which permits certain limited sales of unregistered securities. Rule 144 is not presently available with respect to the Shares and, in any event, requires that the Shares be held for a
minimum of six (6) months, and in certain cases one (1) year, after they have been purchased and paid for (within the meaning of Rule 144). Participant understands that Rule 144 may indefinitely restrict transfer of the Shares so
long as Participant remains an “affiliate” of the Company or if “current public information” about the Company (as defined in Rule 144) is not publicly available. 

6.4 Access to Information. Participant has had access to all information regarding the Company and its
present and prospective business, assets, liabilities and financial condition that Participant reasonably considers important relating to the Shares, and Participant has had ample opportunity to ask questions of the Company’s representatives
concerning such matters and this investment. 
 6.5 Understanding of Risks. Participant is fully aware of:
(a) the highly speculative nature of the investment in the Shares; (b) the financial hazards involved; (c) the lack of liquidity of the Shares and the restrictions on transferability of the Shares (e.g., that Participant may
not be able to sell or dispose of the Shares or use them as collateral for loans); (d) the qualifications and backgrounds of the management of the Company; and (e) the tax consequences of investment in the Shares. 

6.6 Purchase for Own Account for Investment. Participant will receive the Shares for Participant’s own
account for investment purposes only and not with a view to, or for sale in connection with, a distribution of the Shares within the meaning of the Securities Act. Participant has no present intention of selling or otherwise disposing of all or any
portion of the Shares and no one other than Participant has any beneficial ownership of any of the Shares. 

6.7 No General Solicitation. At no time was Participant presented with or solicited by any publicly issued
or circulated newspaper, mail, radio, television or other form of general advertising or solicitation in connection with the offer or settlement of the Shares. 
 7. Market Standoff Agreement. Participant agrees in connection with any registration of the Company’s securities under the Securities Act or other public offering that, upon the request
of the Company or the underwriters managing any registered public offering of the Company’s securities, Participant will not sell or otherwise dispose of any Shares without the prior written consent of the Company or such managing underwriters,
as the case may be, for a period of time (not to exceed one hundred eighty (180) days) after the effective date of such registration requested by such managing underwriters and subject to all restrictions as the Company or the managing
underwriters may specify for employee-stockholders generally. For purposes of this Section 7, the term “Company” shall include any wholly-owned subsidiary of the Company into which the Company merges or consolidates. In order to
enforce the foregoing covenant, the Company shall have the right to place restrictive legends on the certificates representing the shares subject to this Section and to impose stop transfer instructions with respect to the Shares until the end of
such period. Participant further agrees to enter into any agreement reasonably required by the underwriters to implement the foregoing and that such underwriters are express third party beneficiaries of this Section 4.  

8. Company’s Refusal Right. Before any Shares held by Participant or any transferee of such Shares (either sometimes
referred to herein as the “Holder”) may be sold or otherwise transferred (including, without limitation, a transfer by gift or operation of law), the Company and/or its assignee(s) will have a right of first

  
 2 

 
refusal to purchase the Shares to be sold or transferred (the “Offered Shares”) on the terms and conditions set forth in this Section (the “Refusal
Right”). 
 8.1 Notice of Proposed Transfer. The Holder of the Offered Shares will
deliver to the Company a written notice (the “Notice”) stating: (a) the Holder’s bona fide intention to sell or otherwise transfer the Offered Shares; (b) the name and address of each proposed Participant or
other transferee (the “Proposed Transferee”); (c) the number of Offered Shares to be transferred to each Proposed Transferee; (d) the bona fide cash price or other consideration for which the Holder proposes to
transfer the Offered Shares (the “Offered Price”); and (e) that the Holder acknowledges this Notice is an offer to sell the Offered Shares to the Company and/or its assignee(s) pursuant to the Company’s Refusal
Right at the Offered Price as provided for in this Agreement. 
 8.2 Exercise of Refusal Right. At
any time within thirty (30) days after the date the Notice is effective pursuant to Section 11, the Company and/or its assignee(s) may, by giving written notice to the Holder, elect to purchase all (or, with the consent of the Holder, less
than all) the Offered Shares proposed to be transferred to any one or more of the Proposed Transferees named in the Notice, at the purchase price, determined as specified below. 

8.3 Purchase Price. The purchase price for the Offered Shares purchased under this Section will be the
Offered Price, provided that if the Offered Price consists of no legal consideration (as, for example, in the case of a transfer by gift) the purchase price will be the fair market value of the Offered Shares as determined in good
faith by the Company’s Board of Directors. If the Offered Price includes consideration other than cash, then the value of the non-cash consideration, as determined in good faith by the Company’s Board of Directors, will conclusively be
deemed to be the cash equivalent value of such non-cash consideration. 
 8.4 Payment. The
purchase price for the Offered Shares will be paid, at the option of the Company and/or its assignee(s) (as applicable), by check or by cancellation of all or a portion of any outstanding purchase money indebtedness owed by the Holder to the Company
(or to such assignee, in the case of a purchase of Offered Shares by such assignee) or by any combination thereof. The purchase price will be paid without interest within sixty (60) days after the Company’s receipt of the Notice, or, at
the option of the Company and/or its assignee(s), in the manner and at the time(s) set forth in the Notice. 

8.5 Holder’s Right to Transfer. If all of the Offered Shares proposed in the Notice to be transferred
to a given Proposed Transferee are not purchased by the Company and/or its assignee(s) as provided in this Section, then the Holder may sell or otherwise transfer such Offered Shares to each Proposed Transferee at the Offered Price or at a higher
price, provided that (a) such sale or other transfer is consummated within one hundred twenty (120) days after the date of the Notice, (b) any such sale or other transfer is effected in compliance with all applicable
securities laws, and (c) each Proposed Transferee agrees in writing that the provisions of this Section will continue to apply to the Offered Shares in the hands of such Proposed Transferee. If the Offered Shares described in the Notice are not
transferred to each Proposed Transferee within such one hundred twenty (120) day period, then a new Notice must be given to the Company pursuant to which the Company will again be offered the right of first refusal before any Shares held by the
Holder may be sold or otherwise transferred. 
 8.6 Exempt Transfers. Notwithstanding the
foregoing, the following transfers of Shares will be exempt from the Refusal Right: (a) the transfer of any or all of the Shares during Participant’s lifetime by gift or on Participant’s death by will or intestacy to
Participant’s “Immediate Family” (as defined below) or to a trust for the benefit of Participant or Participant’s Immediate Family, provided that each transferee agrees in a writing satisfactory to the Company that
the provisions of this Section 8 will continue to apply to the transferred Shares in the hands of such transferee; (b) any transfer of Shares made pursuant to a statutory merger or statutory consolidation of the Company with or into
another entity or entities (except that, subject to Section 8.7, unless 

  
 3 

 
the agreement of merger or consolidation expressly otherwise provides, the Refusal Right will continue to apply thereafter to such Shares, in which case the surviving entity of such merger or
consolidation shall succeed to the rights of the Company under this Section 8); or (c) any transfer of Shares pursuant to the winding up and dissolution of the Company. As used herein, the term “Immediate Family”
will mean Participant’s spouse, the lineal descendant or antecedent, father, mother, brother or sister, child, adopted child, grandchild or adopted grandchild of the Participant or the Participant’s spouse, or the spouse of any of the
above. 
 8.7 Termination of Refusal Right. The Refusal Right will terminate as to all Shares
(a) on the effective date of the first sale of Common Stock of the Company to the public pursuant to a registration statement filed with and declared effective by the SEC under the Securities Act (other than a registration statement relating
solely to the issuance of Common Stock pursuant to a business combination or an employee incentive or benefit plan) or (b) on any transfer or conversion of Shares made pursuant to a statutory merger or statutory consolidation of the Company
with or into another entity or entities if the common stock of the surviving entity or any direct or indirect parent entity thereof is registered under the Securities Exchange Act of 1934, as amended. 

9. Restrictive Legends and Stop-transfer Orders. Participant understands and agrees that the Company will place the legends
set forth below or similar legends on any stock certificate(s) evidencing the Shares, together with any other legends that may be required by applicable laws, the Company’s Certificate of Incorporation or Bylaws, any other agreement between
Participant and the Company or any agreement between Participant and any third party: 
 THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND
RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL
RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED TRANSFER OR RESALE IS IN COMPLIANCE WITH THE
SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS. 
 THE SHARES REPRESENTED BY THIS
CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON PUBLIC RESALE AND TRANSFER, INCLUDING THE REFUSAL RIGHT HELD BY THE ISSUER AND/OR ITS ASSIGNEE(S), AND A MARKET STANDOFF AGREEMENT, AS SET FORTH IN AN AWARD AGREEMENT BETWEEN THE ISSUER AND THE
ORIGINAL HOLDER OF THESE SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH PUBLIC SALE AND TRANSFER RESTRICTIONS INCLUDING THE REFUSAL RIGHT AND THE MARKET STANDOFF ARE BINDING ON TRANSFEREES OF THESE SHARES.

 Participant agrees that, to ensure compliance with the restrictions imposed by this Agreement, the Company may issue
appropriate “stop-transfer” instructions to its transfer agent, if any, and if the Company transfers its own securities, it may make appropriate notations to the same effect in its own records. The Company will not be required (a) to
transfer on its books any Shares that have been sold or otherwise transferred in violation of any of the provisions of this Agreement or (b) to treat as owner of such Shares, or to accord the right to vote or pay dividends to any purchaser or
other transferee to whom such Shares have been so transferred. 
 10. U.S. Tax Consequences. Participant acknowledges that there
will be tax consequences upon settlement of the RSUs or disposition of the Shares, if any, received in connection therewith, and Participant should consult a tax adviser regarding Participant’s tax obligations prior to such settlement or
disposition. Upon vesting of the RSU, Participant will include in income the fair market value of the Shares subject to the RSU. 

  
 4 

 
The included amount will be treated as ordinary income by Participant and will be subject to withholding by the Company when required by applicable law. Upon disposition of the Shares, any
subsequent increase or decrease in value will be treated as short-term or long-term capital gain or loss, depending on whether the Shares are held for more than one year from the date of settlement. Further, an RSU may be considered a deferral of
compensation that may be subject to Section 409A of the Code. Section 409A of the Code imposes special rules to the timing of making and effecting certain amendments of this RSU with respect to distribution of any deferred compensation.
You should consult your personal tax advisor for more information on the actual and potential tax consequences of this RSU. 

11. Acknowledgement. The Company and Participant agree that the RSUs are granted under and governed by the Notice, this
Agreement and the provisions of the Plan. Participant: (i) acknowledges receipt of a copy of the Plan and the Plan prospectus, (ii) represents that Participant has carefully read and is familiar with their provisions, and (iii) hereby
accepts the RSUs subject to all of the terms and conditions set forth herein and those set forth in the Plan and the Notice. 

12. Entire Agreement; Enforcement of Rights. This Agreement, the Plan and the Notice constitute the entire agreement and
understanding of the parties relating to the subject matter herein and supersede all prior discussions between them. Any prior agreements, commitments or negotiations concerning the purchase of the Shares hereunder are superseded. No modification of
or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless in writing and signed by the parties to this Agreement. The failure by either party to enforce any rights under this Agreement shall not be
construed as a waiver of any rights of such party. 
 13.
Compliance with Laws and Regulations. The issuance of Shares will be subject to and conditioned upon compliance by the Company and Participant with all applicable state and federal laws and regulations and with all
applicable requirements of any stock exchange or automated quotation system on which the Company’s Common Stock may be listed or quoted at the time of such issuance or transfer. 

14. Notices. Any and all notices required or permitted to be given to a party pursuant to the provisions of this Agreement
will be in writing and will be effective and deemed to provide such party sufficient notice under this Agreement on the earliest of the following: (a) at the time of personal delivery, if delivery is in person; (b) at the time of
transmission by facsimile, addressed to the other party at its facsimile number specified herein (or hereafter modified by subsequent notice to the parties hereto), with confirmation of receipt made by both telephone and printed confirmation sheet
verifying successful transmission of the facsimile; (c) one (1) business day after deposit with an express overnight courier for United States deliveries, or two (2) business days after such deposit for deliveries outside of the
United States, with proof of delivery from the courier requested; or (d) three (3) business days after deposit in the United States mail by certified mail (return receipt requested) for United States deliveries. All notices for delivery
outside the United States will be sent by facsimile or by express courier. All notices not delivered personally or by facsimile will be sent with postage and/or other charges prepaid and properly addressed to the party to be notified at the address
or facsimile number set forth below the signature lines of this Agreement, or at such other address or facsimile number as such other party may designate by one of the indicated means of notice herein to the other parties hereto. Notices to the
Company will be marked “Attention: President.” 
 15. Governing Law; Severability. If one or
more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such
provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of this Agreement shall be enforceable in
accordance with its terms. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the 

  
 5 

 
parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of California, without giving effect to principles of conflicts of law. 

16. No Rights as Employee, Director or Consultant. Nothing in this Agreement shall affect in any manner
whatsoever the right or power of the Company, or a Parent or Subsidiary of the Company, to terminate
Participant’s service, for any reason, with or
without cause. 
 By your signature and the signature of the Company’s representative on the Notice,
Participant and the Company agree that this RSU is granted under and governed by the terms and conditions of the Plan, the Notice and this Agreement. Participant has reviewed the Plan, the Notice and this Agreement in their entirety, has had an
opportunity to obtain the advice of counsel prior to executing this Agreement, and fully understands all provisions of the Plan, the Notice and this Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions or
interpretations of the Committee upon any questions relating to the Plan, the Notice and this Agreement. Participant further agrees to notify the Company upon any change in Participant’s residence address. 

  
 62012 Equity Incentive Plan

 Exhibit 10.3 
 SILVER SPRING NETWORKS, INC. 
 2012 EQUITY INCENTIVE PLAN 

1. PURPOSE. The purpose of this Plan 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 the grant of Awards. Capitalized terms
not defined elsewhere in the text are defined in Section 27. 
 2. SHARES SUBJECT TO THE
PLAN. 
 2.1 Number of Shares Available. Subject to Sections 2.6 and 21 and any other
applicable provisions hereof, the total number of Shares reserved and available for grant and issuance pursuant to this Plan as of the date of adoption of the Plan by the Board, is 17,000,000 Shares plus (i) any reserved shares not issued or
subject to outstanding grants under the Company’s 2003 Stock Option Plan (the “Prior Plan”) on the Effective Date (as defined below), (ii) shares that are subject to stock options granted under the Prior Plan that
cease to be subject to such stock options after the Effective Date and (iii) shares issued under the Prior Plan before or after the Effective Date pursuant to the exercise of stock options that are, after the Effective Date, forfeited and
(iv) shares issued under the Prior Plan that are repurchased by the Company at the original issue price. 

2.2 Lapsed, Returned Awards. Shares subject to Awards, and Shares issued under the Plan under any Award, will
again be available for grant and issuance in connection with subsequent Awards under this Plan to the extent such Shares: (a) are subject to issuance upon exercise of an Option or SAR granted under this Plan but which cease to be subject to the
Option or SAR for any reason other than exercise of the Option or SAR; (b) are subject to Awards granted under this Plan that are forfeited or are repurchased by the Company at the original issue price; (c) are subject to Awards granted
under this Plan that otherwise terminate without such Shares being issued; or (d) are surrendered pursuant to an Exchange Program. To the extent an Award under the Plan is paid out in cash rather than Shares, such cash payment will not result
in reducing the number of Shares available for issuance under the Plan. Shares used to pay the exercise price of an Award or to satisfy the tax withholding obligations related to an Award will become available for future grant or sale under the
Plan. For the avoidance of doubt, Shares that otherwise become available for grant and issuance because of the provisions of this Section 2.2 shall not include Shares subject to Awards that initially became available because of the substitution
clause in Section 21.2 hereof. 
 2.3 Minimum Share Reserve. At all times the Company shall reserve
and keep available a sufficient number of Shares as shall be required to satisfy the requirements of all outstanding Awards granted under this Plan. 
 2.4 Automatic Share Reserve Increase. The number of Shares available for grant and issuance under the Plan shall be increased on January 1, of each of the calendar years during the term of the
Plan by the lesser of (i) four percent (4%) of the number of Shares issued and outstanding on each December 31 immediately prior to the date of increase or (ii) such number of Shares determined by the Board. 

 2.5 Limitations. No more than 17,000,000 Shares shall be issued
pursuant to the exercise of ISOs. 
 2.6 Adjustment of Shares. If 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 and future grant under the Plan set forth in Section 2.1, (b) the Exercise Prices of and number of Shares subject to outstanding Options and SARs, (c) the number of Shares subject to other outstanding Awards, (d) the
maximum number of shares that may be issued as ISOs set forth in Section 2.5, (e) the maximum number of Shares that may be issued to an individual or to a new Employee in any one calendar year set forth in Section 3 and (f) the
number of Shares that are granted as Awards to Non-Employee Directors as set forth in Section 12, shall be proportionately adjusted, subject to any required action by the Board or the stockholders of the Company and in compliance with
applicable securities laws; provided that fractions of a Share will not be issued. 
 3.
ELIGIBILITY. ISOs may be granted only to Employees. All other Awards may be granted to Employees, Consultants, Directors and Non-Employee Directors of the Company or any Parent or Subsidiary of the Company; provided such
Consultants, Directors and Non-Employee Directors render bona fide services not in connection with the offer and sale of securities in a capital-raising transaction. No Participant will be eligible to receive more than 3,000,000 Shares in any
calendar year under this Plan pursuant to the grant of Awards except that new Employees of the Company or a Parent or Subsidiary of the Company (including new Employees who are also officers and directors of the Company or any Parent or Subsidiary
of the Company) are eligible to receive up to a maximum of 6,000,000 Shares in the calendar year in which they commence their employment. 
 4. ADMINISTRATION. 
 4.1 Committee
Composition; Authority. This Plan will be administered by the Committee or by the Board acting as the Committee. Subject to the general purposes, terms and conditions of this Plan, and to the direction of the Board, the Committee will have full
power to implement and carry out this Plan, except, however, the Board shall establish the terms for the grant of an Award to Non-Employee Directors. The Committee will have the authority to: 

(a) construe and interpret this Plan, any Award Agreement and any other agreement or document executed pursuant to this
Plan; 
 (b) prescribe, amend and rescind rules and regulations relating to this Plan or any Award; 

(c) select persons to receive Awards; 

(d) determine the form and terms and conditions, not inconsistent with the terms of the Plan, of any Award granted
hereunder. Such terms and conditions include, but are not limited to, the exercise price, the time or times when Awards may vest and be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture
restrictions, and any restriction or limitation regarding any Award or the Shares relating thereto, based in each case on such factors as the Committee will determine; 

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

  
 2 

 (f) determine the Fair Market Value in good faith, if necessary;

 (g) determine whether Awards will be granted singly, in combination with, in tandem with, in replacement of,
or as alternatives to, other Awards under this Plan or any other incentive or compensation plan of the Company or any Parent or Subsidiary of the Company; 
 (h) grant waivers of Plan or Award conditions; 
 (i) determine
the vesting, exercisability and payment of Awards; 
 (j) correct any defect, supply any omission or reconcile
any inconsistency in this Plan, any Award or any Award Agreement; 
 (k) determine whether an Award has been
earned; 
 (l) determine the terms and conditions of any, and to institute any Exchange Program; 

(m) reduce or waive any criteria with respect to Performance Factors; 

(n) adjust Performance Factors to take into account changes in law and accounting or tax rules as the Committee deems
necessary or appropriate to reflect the impact of extraordinary or unusual items, events or circumstances to avoid windfalls or hardships provided that such adjustments are consistent with the regulations promulgated under Section 162(m) of the
Code with respect to persons whose compensation is subject to Section 162(m) of the Code; and 
 (o) make
all other determinations necessary or advisable for the administration of this Plan. 
 4.2
Committee Interpretation and 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. Any dispute regarding the interpretation of the Plan or any Award Agreement shall be
submitted by the Participant or Company to the Committee for review. The resolution of such a dispute by the Committee shall be final and binding on the Company and the Participant. The Committee may delegate to one or more executive officers the
authority to review and resolve disputes with respect to Awards held by Participants who are not Insiders, and such resolution shall be final and binding on the Company and the Participant. 

4.3 Section 162(m) of the Code and Section 16 of the Exchange Act. When necessary or desirable for an
Award to qualify as “performance-based compensation” under Section 162(m) of the Code the Committee shall include at least two persons who are “outside directors” (as defined under Section 162(m) of the Code) and at
least two (or a majority if more than two then serve on the Committee) such “outside directors” shall approve the grant of such Award and timely determine (as applicable) the Performance Period and any Performance Factors upon which
vesting or settlement of any portion of such Award is to be subject. When required by Section 162(m) of the Code, prior to settlement of any such Award at least two (or a majority if more than two then serve on the Committee) such “outside
directors” then serving on the Committee shall determine and certify in writing the extent to which such Performance Factors have been timely achieved and the extent to which the Shares subject to such Award have thereby been earned. Awards
granted to Participants who are subject to Section 16 of 

  
 3 

 
the Exchange Act must be approved by two or more “non-employee directors” (as defined in the regulations promulgated under Section 16 of the Exchange Act). With respect to
Participants whose compensation is subject to Section 162(m) of the Code, and provided that such adjustments are consistent with the regulations promulgated under Section 162(m) of the Code, the Committee may adjust the performance goals
to account for changes in law and accounting 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, including
without limitation (i) restructurings, discontinued operations, extraordinary items, and other unusual or non-recurring charges, (ii) an event either not directly related to the operations of the Company or not within the reasonable
control of the Company’s management, or (iii) a change in accounting standards required by generally accepted accounting principles. 
 4.4 Documentation. The Award Agreement for a given Award, the Plan and any other documents may be delivered to, and accepted by, a Participant or any other person in any manner (including
electronic distribution or posting) that meets applicable legal requirements. 
 5.
OPTIONS. The Committee may grant Options to Participants and will determine whether such Options will be Incentive Stock Options within the meaning of the Code (“ISOs”) or Nonqualified Stock Options
(“NQSOs”), the number of Shares subject to the Option, the Exercise Price of the Option, the period during which the Option may vest and be exercised, and all other terms and conditions of the Option, subject to the
following: 
 5.1 Option Grant. Each Option granted under this Plan will identify the Option as an ISO or
an NQSO. An Option may be, but need not be, awarded upon satisfaction of such Performance Factors during any Performance Period as are set out in advance in the Participant’s individual Award Agreement. If the Option is being earned upon the
satisfaction of Performance Factors, then the Committee will: (x) determine the nature, length and starting date of any Performance Period for each Option; and (y) select from among the Performance Factors to be used to measure the
performance, if any. Performance Periods may overlap and Participants may participate simultaneously with respect to Options that are subject to different performance goals and other criteria. 

5.2 Date of Grant. The date of grant of an Option will be the date on which the Committee makes the determination
to grant such Option, or a specified future date. The Award Agreement and a copy of this Plan will be delivered to the Participant within a reasonable time after the granting of the Option. 

5.3 Exercise Period. Options may be vested and exercisable within the times or upon the conditions as set forth in
the Award Agreement governing such Option; provided, however, that no Option will be exercisable after the expiration of ten (10) years from the date the Option is granted; and provided further that no ISO granted to a
person who, at the time the ISO is granted, 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 of any Parent or Subsidiary of the Company (“Ten
Percent Stockholder”) will be exercisable after the expiration of five (5) years from the date the ISO is granted. The Committee also may provide for Options to become exercisable at one time or from time to time, periodically or
otherwise, in such number of Shares or percentage of Shares as the Committee determines. 
 5.4 Exercise
Price. The Exercise Price of an Option will be determined by the Committee when the Option is granted; provided that: (i) the Exercise Price of an ISO will 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 ISO granted to a Ten Percent Stockholder will 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 

  
 4 

 
purchased may be made in accordance with Section 11 and the Award Agreement and in accordance with any procedures established by the Company. The Exercise Price of a NQSO may not be less
than one hundred percent (100%) of the Fair Market Value per Share on the date of grant. 
 5.5 Method
of Exercise. Any Option granted hereunder will be vested and exercisable according to the terms of the Plan and at such times and under such conditions as determined by the Committee and set forth in the Award Agreement. An Option may not be
exercised for a fraction of a Share. An Option will be deemed exercised when the Company receives: (i) notice of exercise (in such form as the Committee may specify from time to time) from the person entitled to exercise the Option, and
(ii) full payment for the Shares with respect to which the Option is exercised (together with applicable withholding taxes). Full payment may consist of any consideration and method of payment authorized by the Committee and permitted by the
Award Agreement and the Plan. Shares issued upon exercise of an Option will be issued in the name of the Participant. Until the Shares are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer
agent of the Company), no right to vote or receive dividends or any other rights as a stockholder will exist with respect to the Shares, notwithstanding the exercise of the Option. The Company will issue (or cause to be issued) such Shares promptly
after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Section 2.6 of the Plan. Exercising an Option in any manner will
decrease the number of Shares thereafter available, both for purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised. 

5.6 Termination. The exercise of an Option will be subject to the following (except as may be otherwise provided
in an Award Agreement): 
 (a) If the Participant is Terminated for any reason except for Cause or the
Participant’s death or Disability, then the Participant may exercise such Participant’s Options only to the extent that such Options would have been exercisable by the Participant on the Termination Date no later than three (3) months
after the Termination Date (or such shorter time period or longer time period not exceeding five (5) years as may be determined by the Committee, with any exercise beyond three (3) months after the Termination Date deemed to be the
exercise of an NQSO), but in any event no later than the expiration date of the Options. 
 (b) If the
Participant is Terminated because of the Participant’s death (or the Participant dies within three (3) months after a Termination other than for Cause or because of the Participant’s Disability), then the Participant’s Options
may be exercised only to the extent that such Options would have been exercisable by the Participant on the Termination Date and must be exercised by the Participant’s legal representative, or authorized assignee, no later than twelve
(12) months after the Termination Date (or such shorter time period not less than six (6) months or longer time period not exceeding five (5) years as may be determined by the Committee), but in any event no later than the expiration
date of the Options. 
 (c) If the Participant is Terminated because of the Participant’s Disability, then
the Participant’s Options may be exercised only to the extent that such Options would have been exercisable by the Participant on the Termination Date and must be exercised by the Participant (or the Participant’s legal representative or
authorized assignee) no later than twelve (12) months after the Termination Date (with any exercise beyond (a) three (3) months after the Termination Date when the Termination is for a Disability that is not a “permanent
and total disability” as defined in Section 22(e)(3) of the Code, or (b) twelve (12) months after the Termination Date when the Termination is for a Disability that is a “permanent and total disability” as
defined in Section 22(e)(3) of the Code, deemed to be exercise of an NQSO), but in any event no later than the expiration date of the Options. 

  
 5 

 (d) If the Participant is terminated for Cause, then Participant’s
Options shall expire on such Participant’s Termination Date, or at such later time and on such conditions as are determined by the Committee, but in any no event later than the expiration date of the Options. Unless otherwise provided in the
Award Agreement, Cause will have the meaning as set forth in the Plan. 
 5.7 Limitations on Exercise.
The Committee may specify a minimum number of Shares that may be purchased on any exercise of an Option, provided that such minimum number will not prevent any Participant from exercising the Option for the full number of Shares for which it is then
exercisable. 
 5.8 Limitations on ISOs. With respect to Awards granted as ISOs, to the extent that the
aggregate Fair Market Value of the Shares with respect to which such ISOs are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds one hundred thousand
dollars ($100,000), such Options will be treated as NQSOs. For purposes of this Section 5.8, ISOs will be taken into account in the order in which they were granted. The Fair Market Value of the Shares will be determined as of the time the
Option with respect to such Shares is granted. In the event that the Code or the regulations promulgated thereunder are amended after the Effective Date to provide for a different limit on the Fair Market Value of Shares permitted to be subject to
ISOs, such different limit will be automatically incorporated herein and will 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 that any such action
may not, without the written consent of a Participant, materially impair any of such Participant’s rights under any Option previously granted. Any outstanding ISO that is modified, extended, renewed or otherwise altered will be treated in
accordance with Section 424(h) of the Code. Subject to Section 18 of this Plan, by written notice to affected Participants, the Committee may reduce the Exercise Price of outstanding Options without the consent of such Participants;
provided, however, that the Exercise Price may not be reduced below the Fair Market Value on the date the action is taken to reduce the Exercise Price. 

5.10 No Disqualification. Notwithstanding any other provision in this Plan, no term of this Plan relating to ISOs
will be interpreted, amended or altered, nor will any discretion or authority granted under this Plan be exercised, so as to disqualify this 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 AWARDS. 

6.1 Awards of Restricted Stock. A Restricted Stock Award is an offer by the Company to sell to a Participant
Shares that are subject to restrictions (“Restricted Stock”). The Committee will determine to whom an offer will be made, the number of Shares the Participant may purchase, the Purchase Price, the restrictions under
which the Shares will be subject and all other terms and conditions of the Restricted Stock Award, subject to the Plan. 
 6.2 Restricted Stock Purchase Agreement. All purchases under a Restricted Stock Award will be evidenced by an Award Agreement. Except as may otherwise be provided in an Award Agreement, a
Participant accepts a Restricted Stock Award by signing and delivering to the Company an Award Agreement with full payment of the Purchase Price, within thirty (30) days from the date the Award Agreement was delivered to the Participant. If the
Participant does not accept such Award within thirty (30) days, then the offer of such Restricted Stock Award will terminate, unless the Committee determines otherwise. 

  
 6 

 6.3 Purchase Price. The Purchase Price for a Restricted Stock
Award will be determined by the Committee and may be less than Fair Market Value on the date the Restricted Stock Award is granted. Payment of the Purchase Price must be made in accordance with Section 11 of the Plan, and the Award Agreement
and in accordance with any procedures established by the Company. 
 6.4 Terms of Restricted Stock
Awards. Restricted Stock Awards will be subject to such restrictions as the Committee may impose or are required by law. These restrictions may be based on completion of a specified number of years of service with the Company or upon completion
of Performance Factors, if any, during any Performance Period as set out in advance in the Participant’s Award Agreement. Prior to the grant of a Restricted Stock Award, the Committee shall: (a) determine the nature, length and starting
date of any Performance Period for the Restricted Stock Award; (b) select from among the Performance Factors to be used to measure performance goals, if any; and (c) determine the number of Shares that may be awarded to the Participant.
Performance Periods may overlap and a Participant may participate simultaneously with respect to Restricted Stock Awards that are subject to different Performance Periods and having different performance goals and other criteria. 

6.5 Termination of Participant. Except as may be set forth in the Participant’s Award Agreement, vesting
ceases on such Participant’s Termination Date (unless determined otherwise by the Committee). 
 7.
STOCK BONUS AWARDS. 
 7.1 Awards of Stock Bonuses. A Stock Bonus Award is an award to an
eligible person of Shares for services to be rendered or for past services already rendered to the Company or any Parent or Subsidiary. All Stock Bonus Awards shall be made pursuant to an Award Agreement. No payment from the Participant will be
required for Shares awarded pursuant to a Stock Bonus Award. 
 7.2 Terms of Stock Bonus Awards. The
Committee will determine the number of Shares to be awarded to the Participant under a Stock Bonus Award and any restrictions thereon. These restrictions may be based upon completion of a specified number of years of service with the Company or upon
satisfaction of performance goals based on Performance Factors during any Performance Period as set out in advance in the Participant’s Stock Bonus Agreement. Prior to the grant of any Stock Bonus Award the Committee shall: (a) determine
the nature, length and starting date of any Performance Period for the Stock Bonus Award; (b) select from among the Performance Factors to be used to measure performance goals; and (c) determine the number of Shares that may be awarded to
the Participant. Performance Periods may overlap and a Participant may participate simultaneously with respect to Stock Bonus Awards that are subject to different Performance Periods and different performance goals and other criteria. 

7.3 Form of Payment to Participant. Payment may be made in the form of cash, whole Shares, or a combination
thereof, based on the Fair Market Value of the Shares earned under a Stock Bonus Award on the date of payment, as determined in the sole discretion of the Committee. 

7.4 Termination of Participation. Except as may be set forth in the Participant’s Award Agreement, vesting
ceases on such Participant’s Termination Date (unless determined otherwise by the Committee). 
 8.
STOCK APPRECIATION RIGHTS. 
 8.1 Awards of SARs. A Stock Appreciation Right
(“SAR”) is an award to a Participant that may be settled in cash, or Shares (which may consist of Restricted Stock), having a value 

  
 7 

 
equal to (a) the difference between the Fair Market Value on the date of exercise over the Exercise Price multiplied by (b) the number of Shares with respect to which the SAR is being
settled (subject to any maximum number of Shares that may be issuable as specified in an Award Agreement). All SARs shall be made pursuant to an Award Agreement. 

8.2 Terms of SARs. The Committee will determine the terms of each SAR including, without limitation: (a) the
number of Shares subject to the SAR; (b) the Exercise Price and the time or times during which the SAR may be settled; (c) the consideration to be distributed on settlement of the SAR; and (d) the effect of the Participant’s
Termination on each SAR. The Exercise Price of the SAR will be determined by the Committee when the SAR is granted, and may not be less than Fair Market Value. A SAR may be awarded upon satisfaction of Performance Factors, if any, during any
Performance Period as are set out in advance in the Participant’s individual Award Agreement. If the SAR is being earned upon the satisfaction of Performance Factors, then the Committee will: (x) determine the nature, length and starting
date of any Performance Period for each SAR; and (y) select from among the Performance Factors to be used to measure the performance, if any. Performance Periods may overlap and Participants may participate simultaneously with respect to SARs
that are subject to different Performance Factors and other criteria. 
 8.3 Exercise Period and Expiration
Date. A SAR will be exercisable within the times or upon the occurrence of events determined by the Committee and set forth in the Award Agreement governing such SAR. The SAR Agreement shall set forth the expiration date; provided that no SAR
will be exercisable after the expiration of ten (10) years from the date the SAR is granted. The Committee may also provide for SARs to become exercisable at one time or from time to time, periodically or otherwise (including, without
limitation, upon the attainment during a Performance Period of performance goals based on Performance Factors), in such number of Shares or percentage of the Shares subject to the SAR as the Committee determines. Except as may be set forth in the
Participant’s Award Agreement, vesting ceases on such Participant’s Termination Date (unless determined otherwise by the Committee). Notwithstanding the foregoing, the rules of Section 5.6 also will apply to SARs. 

8.4 Form of Settlement. Upon exercise of a SAR, a Participant will be entitled to receive payment from the Company
in an amount determined by multiplying (i) the difference between the Fair Market Value of a Share on the date of exercise over the Exercise Price; times (ii) the number of Shares with respect to which the SAR is exercised. At the
discretion of the Committee, the payment from the Company for the SAR exercise may be in cash, in Shares of equivalent value, or in some combination thereof. The portion of a SAR being settled may be paid currently or on a deferred basis with such
interest or dividend equivalent, if any, as the Committee determines, provided that the terms of the SAR and any deferral satisfy the requirements of Section 409A of the Code. 

8.5 Termination of Participation. Except as may be set forth in the Participant’s Award Agreement, vesting
ceases on such Participant’s Termination Date (unless determined otherwise by the Committee). 
 9.
RESTRICTED STOCK UNITS. 
 9.1 Awards of Restricted Stock Units. A Restricted Stock Unit
(“RSU”) is an award to a Participant covering a number of Shares that may be settled in cash, or by issuance of those Shares (which may consist of Restricted Stock). All RSUs shall be made pursuant to an Award Agreement.

 9.2 Terms of RSUs. The Committee will determine the terms of an RSU including, without limitation:
(a) the number of Shares subject to the RSU; (b) the time or times during which the RSU may be settled; (c) the consideration to be distributed on settlement; and (d) the effect of the

  
 8 

 
Participant’s Termination on each RSU. An RSU may be awarded upon satisfaction of such performance goals based on Performance Factors during any Performance Period as are set out in advance
in the Participant’s Award Agreement. If the RSU is being earned upon satisfaction of Performance Factors, then the Committee will: (x) determine the nature, length and starting date of any Performance Period for the RSU; (y) select
from among the Performance Factors to be used to measure the performance, if any; and (z) determine the number of Shares deemed subject to the RSU. Performance Periods may overlap and participants may participate simultaneously with respect to
RSUs that are subject to different Performance Periods and different performance goals and other criteria. 

9.3 Form and Timing of Settlement. Payment of earned RSUs shall be made as soon as practicable after the date(s)
determined by the Committee and set forth in the Award Agreement. The Committee, in its sole discretion, may settle earned RSUs in cash, Shares, or a combination of both. The Committee may also permit a Participant to defer payment under a RSU to a
date or dates after the RSU is earned provided that the terms of the RSU and any deferral satisfy the requirements of Section 409A of the Code. 
 9.4 Termination of Participant. Except as may be set forth in the Participant’s Award Agreement, vesting ceases on such Participant’s Termination Date (unless determined otherwise by the
Committee). 
 10. PERFORMANCE AWARDS. 

10.1 Performance Awards. A Performance Award is an award to a Participant of a cash bonus or a Performance Share
bonus. Grants of Performance Awards shall be made pursuant to an Award Agreement. 
 10.2 Terms of
Performance Awards. The Committee will determine, and each Award Agreement shall set forth, the terms of each award of Performance Award including, without limitation: (a) the amount of any cash bonus; (b) the number of Shares deemed
subject to a Performance Share bonus; (c) the Performance Factors and Performance Period that shall determine the time and extent to which each Performance Award shall be settled; (d) the consideration to be distributed on settlement; and
(e) the effect of the Participant’s Termination on each Performance Award. In establishing Performance Factors and the Performance Period the Committee will: (x) determine the nature, length and starting date of any Performance
Period; and (y) select from among the Performance Factors to be used. Prior to settlement the Committee shall determine the extent to which Performance Awards have been earned. Performance Periods may overlap and Participants may participate
simultaneously with respect to Performance Awards that are subject to different Performance Periods and different performance goals and other criteria. No Participant will be eligible to receive more than $10,000,000 in Performance Awards in any
calendar year under this Plan. 
 10.3 Value, Earning and Timing of Performance Shares. Any Performance
Share bonus will have an initial value equal to the Fair Market Value of a Share on the date of grant. After the applicable Performance Period has ended, the holder of a Performance Share bonus will be entitled to receive a payout of the number of
Shares earned by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding Performance Factors or other vesting provisions have been achieved. The Committee, in its sole discretion, may pay
an earned Performance Share bonus in the form of cash, in Shares (which have an aggregate Fair Market Value equal to the value of the earned Performance Shares at the close of the applicable Performance Period) or in a combination thereof.
Performance Share bonuses may also be settled in Restricted Stock. 

  
 9 

 10.4 Termination of Participant. Except as may be set forth in the
Participant’s Award Agreement, vesting ceases on such Participant’s Termination Date (unless determined otherwise by the Committee). 
 11. PAYMENT FOR SHARE PURCHASES. 
 Payment
from a Participant for Shares purchased pursuant to this Plan may be made in cash or by check or, where expressly approved for the Participant by the Committee and where permitted by law (and to the extent not otherwise set forth in the applicable
Award Agreement): 
 (a) by cancellation of indebtedness of the Company to the Participant; 

(b) by surrender of shares of the Company held by the Participant that have a Fair Market Value on the date of surrender
equal to the aggregate exercise price of the Shares as to which said Award will be exercised or settled; 
 (c)
by waiver of compensation due or accrued to the Participant for services rendered or to be rendered to the Company or a Parent or Subsidiary of the Company; 
 (d) by consideration received by the Company pursuant to a broker-assisted or other form of cashless exercise program implemented by the Company in connection with the Plan; 

(e) by any combination of the foregoing; or 

(f) by any other method of payment as is permitted by applicable law. 

12. GRANTS TO NON-EMPLOYEE DIRECTORS. 

12.1 Types of Awards. Non-Employee Directors are eligible to receive any type of Award offered under this Plan
except ISOs. Awards pursuant to this Section 12 may be automatically made pursuant to policy adopted by the Board, or made from time to time as determined in the discretion of the Board. 

12.2 Eligibility. Awards pursuant to this Section 12 shall be granted only to Non-Employee Directors. A
Non-Employee Director who is elected or re-elected as a member of the Board will be eligible to receive an Award under this Section 12. 
 12.3 Vesting, Exercisability and Settlement. Except as set forth in Section 21, Awards shall vest, become exercisable and be settled as determined by the Board. With respect to Options and
SARs, the exercise price granted to Non-Employee Directors shall not be less than the Fair Market Value of the Shares at the time that such Option or SAR is granted. 

13. WITHHOLDING TAXES. 

13.1 Withholding Generally. Whenever Shares are to be issued in satisfaction of Awards granted under this Plan,
the Company may require the Participant to remit to the Company, or to the Parent or Subsidiary employing the Participant, an amount sufficient to satisfy applicable U.S. federal, state, local and international withholding tax requirements or
any other tax liability legally due from the Participant prior to the delivery of Shares pursuant to exercise or settlement of any Award. Whenever payments in satisfaction of Awards granted under this Plan are to be made in cash, such payment will
be 

  
 10 

 
net of an amount sufficient to satisfy applicable U.S. federal, state, local and international withholding tax requirements or any other tax liability legally due from the Participant.

 13.2 Stock Withholding. The Committee, in its sole discretion and pursuant to such procedures as it
may specify from time to time and to limitations of local law, may require or permit a Participant to satisfy such tax withholding obligation or any other tax liability legally due from the Participant, in whole or in part by (without limitation)
(i) paying cash, (ii) electing to have the Company withhold otherwise deliverable cash or Shares having a Fair Market Value equal to the minimum statutory amount required to be withheld, or (iii) delivering to the Company
already-owned Shares having a Fair Market Value equal to the minimum amount required to be withheld. The Fair Market Value of the Shares to be withheld or delivered will be determined as of the date that the taxes are required to be withheld.

 14. TRANSFERABILITY. 

14.1 Transfer Generally. Unless determined otherwise by the Committee, an Award may not be sold, pledged,
assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution. If the Committee makes an Award transferable, including, without limitation, by instrument to an inter vivos or
testamentary trust in which the Awards are to be passed to beneficiaries upon the death of the trustor (settlor) or by gift to a Permitted Transferee, such Award will contain such additional terms and conditions as the Administrator deems
appropriate. 
 14.2 Award Transfer Program. Notwithstanding any contrary provision of the Plan, the
Committee shall have all discretion and authority to determine and implement the terms and conditions of any Award Transfer Program instituted pursuant to this Section 14.2 and shall have the authority to amend the terms of any Award
participating, or otherwise eligible to participate in, the Award Transfer Program, including (but not limited to) the authority to (i) amend (including to extend) the expiration date, post-termination exercise period and/or forfeiture
conditions of any such Award, (ii) amend or remove any provisions of the Award relating to the Award holder’s continued service to the Company or its Parent or Subsidiary, (iii) amend the permissible payment methods with respect to
the exercise or purchase of any such Award, (iv) amend the adjustments to be implemented in the event of changes in the capitalization and other similar events with respect to such Award, and (v) make such other changes to the terms of
such Award as the Committee deems necessary or appropriate in its sole discretion. 
 15.
PRIVILEGES OF STOCK OWNERSHIP; RESTRICTIONS ON SHARES. 
 15.1 Voting and Dividends. No
Participant will 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 will 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, that if such Shares are 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 will be subject to the same
restrictions as the Restricted Stock; provided, further, that the Participant will have no right to retain such stock dividends or stock distributions with respect to Shares that are repurchased at the Participant’s Purchase Price
or Exercise Price, as the case may be, pursuant to Section 15.2. 
 15.2 Restrictions on Shares. At
the discretion of the Committee, the Company may reserve to itself and/or its assignee(s) a right to repurchase (a “Right of Repurchase”) a portion of any or all Unvested Shares held by a Participant following such
Participant’s Termination at any time within 

  
 11 

 
ninety (90) days after the later of the Participant’s Termination Date and the date the Participant purchases Shares under this Plan, for cash and/or cancellation of purchase money
indebtedness, at the Participant’s Purchase Price or Exercise Price, as the case may be. 
 16.
CERTIFICATES. All certificates for Shares or other securities delivered under this Plan will be subject to such stock transfer orders, legends and other restrictions as the Committee may deem necessary or advisable, including
restrictions under any applicable U.S. 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 or quoted and
any non-U.S. exchange controls or securities law restrictions to which the Shares are subject. 
 17.
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. Any Participant who is permitted to execute a promissory note as partial or full consideration for the purchase of Shares under this Plan will be required to pledge and deposit with the
Company all or part of the Shares so purchased as collateral to secure the payment of the Participant’s obligation to the Company under the promissory note; provided, however, that the Committee may require or accept other or
additional forms of collateral to secure the payment of such obligation and, in any event, the Company will have full recourse against the Participant under the promissory note notwithstanding any pledge of the Participant’s Shares or other
collateral. In connection with any pledge of the Shares, the Participant will be required to execute and deliver a written pledge agreement in such form as the Committee will from time to time approve. The Shares purchased with the promissory note
may be released from the pledge on a pro rata basis as the promissory note is paid. 
 18.
REPRICING; EXCHANGE AND BUYOUT OF AWARDS. Without prior stockholder approval the Committee may (i) reprice Options or SARS (and where such repricing is a reduction in the Exercise Price of outstanding Options or SARS, the consent
of the affected Participants is not required provided written notice is provided to them, notwithstanding any adverse tax consequences to them arising from the repricing), and (ii) with the consent of the respective Participants (unless not
required pursuant to Section 5.9 of the Plan), pay cash or issue new Awards in exchange for the surrender and cancellation of any, or all, outstanding Awards. 

19. SECURITIES LAW AND OTHER REGULATORY COMPLIANCE. An Award will not be effective unless such Award
is in compliance with all applicable U.S. 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 or
quoted, 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 this Plan, the Company will have no obligation to issue or deliver certificates for Shares
under this 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 or foreign law or ruling of any governmental body that the Company determines to be necessary or advisable. The Company will 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 will have no liability for any inability or failure to do so. 

20. NO OBLIGATION TO EMPLOY. Nothing in this Plan or any Award granted under this Plan will confer
or be deemed to confer on any Participant any right to continue in the employ of, or 

  
 12 

 
to continue any other relationship with, the Company or any Parent or Subsidiary of the Company or limit in any way the right of the Company or any Parent or Subsidiary of the Company to
terminate Participant’s employment or other relationship at any time. 
 21. CORPORATE
TRANSACTIONS. 
 21.1 Assumption or Replacement of Awards by Successor.
In the event of a Corporate Transaction any or all outstanding Awards may be assumed or replaced by the successor corporation, 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 or acquiring corporation (if any) refuses
to assume, convert, replace or substitute Awards, as provided above, pursuant to a Corporate Transaction, then notwithstanding any other provision in this Plan to the contrary, such Awards shall have their vesting accelerate as to all shares subject
to such Award (and any applicable right of repurchase fully lapse) immediately prior to the Corporate Transaction. In addition, in the event such successor or acquiring corporation (if any) refuses to assume, convert, replace or substitute Awards,
as provided above, pursuant to a Corporate Transaction, the Committee will notify the Participant in writing or electronically that such Award will be exercisable for a period of time determined by the Committee in its sole discretion, and such
Award will terminate upon the expiration of such period. Awards need not be treated similarly in a Corporate Transaction. 
 21.2 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 this Plan in substitution of such other company’s award; or (b) assuming such award as if it had been granted under this Plan if the terms of such assumed award
could be applied to an Award granted under this Plan. Such substitution or assumption will be permissible if the holder of the substituted or assumed award would have been eligible to be granted an Award under this Plan if the other company had
applied the rules of this Plan to such grant. In the event the Company assumes an award granted by another company, the terms and conditions of such award will remain unchanged (except that the Purchase Price or the Exercise Price, as the
case may be, and the number and nature of Shares issuable upon exercise or settlement of any such Award will be adjusted appropriately pursuant to Section 424(a) of the Code). In the event the Company elects to grant a new Option in
substitution rather than assuming an existing option, such new Option may be granted with a similarly adjusted Exercise Price. Substitute Awards shall not reduce the number of Shares authorized for grant under the Plan or authorized for grant to a
Participant in any calendar year. 
 21.3 Non-Employee Directors’ Awards. Notwithstanding any
provision to the contrary herein, in the event of a Corporate Transaction, the vesting of all Awards granted to Non-Employee Directors shall accelerate and such Awards shall become exercisable (as applicable) in full prior to the consummation of
such event at such times and on such conditions as the Committee determines. 
 22. ADOPTION AND
STOCKHOLDER APPROVAL. This Plan shall be submitted for the approval of the Company’s stockholders, consistent with applicable laws, within twelve (12) months before or after the date this Plan is adopted by the Board. 

  
 13 

 23. TERM OF PLAN/GOVERNING LAW. Unless earlier
terminated as provided herein, this Plan will become effective on the day prior to the Effective Date and will terminate ten (10) years from the date this Plan is adopted by the Board. This Plan and all Awards granted hereunder shall be
governed by and construed in accordance with the laws of the State of Delaware (excluding its conflict of law rules). 
 24. AMENDMENT OR TERMINATION OF PLAN. The Board may at any time terminate or amend this Plan in any respect, including, without limitation, amendment of any form of Award Agreement or
instrument to be executed pursuant to this Plan; provided, however, that the Board will not, without the approval of the stockholders of the Company, amend this Plan in any manner that requires such stockholder approval. 

25. NONEXCLUSIVITY OF THE PLAN. Neither the adoption of this Plan by the Board, the submission of
this Plan to the stockholders of the Company for approval, nor any provision of this Plan will 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 awards and bonuses otherwise than under this Plan, and such arrangements may be either generally applicable or applicable only in specific cases. 

26. INSIDER TRADING POLICY. Each Participant who receives an Award shall comply with any policy
adopted by the Company from time to time covering transactions in the Company’s securities by Employees, officers and/or directors of the Company. 
 27. DEFINITIONS. As used in this Plan, and except as elsewhere defined herein, the following terms will have the following meanings: 

“Award” means any award under the Plan, including any Option, Restricted Stock, Stock Bonus,
Stock Appreciation Right, Restricted Stock Unit or award of Performance Shares. 
 “Award
Agreement” means, with respect to each Award, the written or electronic agreement between the Company and the Participant setting forth the terms and conditions of the Award, which shall be in substantially a form (which need not be the
same for each Participant) that the Committee has from time to time approved, and will comply with and be subject to the terms and conditions of this Plan. 
 “Award Transfer Program” means any program instituted by the Committee which would permit Participants the opportunity to transfer any outstanding Awards to a financial institution or
other person or entity approved by the Committee. 
 “Board” means the Board of
Directors of the Company. 
 “Cause” means (a) the commission
of an act of theft, embezzlement, fraud, dishonesty, (b) a breach of fiduciary duty to the Company or a Parent or Subsidiary, or (c) a failure to materially perform the customary duties of Employee’s employment. 

“Code” means the United States Internal Revenue Code of 1986, as amended, and the regulations
promulgated thereunder. 
 “Committee” means the Compensation Committee of the Board or
those persons to whom administration of the Plan, or part of the Plan, has been delegated as permitted by law. 

“Common Stock” means the common stock of the Company. 

  
 14 

 “Company” means Silver Spring Networks, Inc., or any
successor corporation. 
 “Consultant” means any person, including an advisor or
independent contractor, engaged by the Company or a Parent or Subsidiary to render services to such entity. 

“Corporate Transaction” means the occurrence of any of the following events:
(i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company
representing fifty percent (50%) or more of the total voting power represented by the Company’s then-outstanding voting securities; (ii) the consummation of the sale or disposition by the Company of all or substantially all of the
Company’s assets; (iii) the consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior
thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of
the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation or (iv) 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). 

“Director” means a member of the Board. 

“Disability” means in the case of incentive stock options, total and permanent
disability as defined in Section 22(e)(3) of the Code and in the case of other Awards, that the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can
be expected to result in death or can be expected to last for a continuous period of not less than 12 months.  
 “Effective Date” means the date of the underwritten initial public offering of the Company’s Common Stock pursuant to a registration statement that is declared effective by
the SEC. 
 “Employee” means any person, including Officers and Directors, employed by
the Company or any Parent or Subsidiary of the Company. Neither service as a Director nor payment of a director’s fee by the Company will be sufficient to constitute “employment” by the Company. 

“Exchange Act” means the United States Securities Exchange Act of 1934, as amended. 

“Exchange Program” means a program pursuant to which outstanding Awards are surrendered,
cancelled or exchanged for cash, the same type of Award or a different Award (or combination thereof). 

“Exercise Price” means, with respect to an Option, the price at which a holder may purchase the
Shares issuable upon exercise of an Option and with respect to a SAR, the price at which the SAR is granted to the holder thereof. 
 “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 publicly traded and is then listed on a national securities exchange, its closing price on
the date of determination on the principal national securities exchange on which the Common Stock is listed or admitted to trading as reported in The Wall Street Journal; 

  
 15 

 (b) if such Common Stock is publicly traded but is neither listed nor
admitted to trading on a national securities exchange, the average of the closing bid and asked prices on the date of determination as reported in The Wall Street Journal; 

(c) in the case of an Option or SAR grant made on the Effective Date, the price per share at which shares of the
Company’s Common Stock are initially offered for sale to the public by the Company’s underwriters in the initial public offering of the Company’s Common Stock pursuant to a registration statement filed with the SEC under the
Securities Act; or 
 (d) if none of the foregoing is applicable, by the Board or the Committee 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. 

“Non-Employee Director” means a Director who is not an Employee of the Company or any Parent or
Subsidiary. 
 “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 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 holds an Award under
this Plan. 
 “Performance Award” means cash or stock granted pursuant to
Section 10 or Section 12 of the Plan. 
 “Performance Factors” means any of
the factors selected by the Committee and specified in an Award Agreement, from among the following objective measures, either individually, alternatively or in any combination, applied to the Company as a whole or any business unit or Subsidiary,
either individually, alternatively, or in any combination, on a GAAP or non-GAAP basis, and measured, to the extent applicable on an absolute basis or relative to a pre-established target, to determine whether the performance goals established by
the Committee with respect to applicable Awards have been satisfied: 
 (a) Profit Before Tax; 

(b) Billings; 
 (c) Revenue; 
 (d) Net revenue; 

(e) Earnings (which may include earnings before interest and taxes, earnings before taxes, and net earnings); 

(f) Operating income; 
 (g) Operating margin; 

  
 16 

 (h) Operating profit; 

(i) Controllable operating profit, or net operating profit; 

(j) Net Profit; 
 (k) Gross margin; 
 (l) Operating expenses or operating expenses
as a percentage of revenue; 
 (m) Net income; 

(n) Earnings per share; 
 (o) Total stockholder return; 
 (p) Market share; 

(q) Return on assets or net assets; 

(r) The Company’s stock price; 

(s) Growth in stockholder value relative to a pre-determined index; 

(t) Return on equity; 
 (u) Return on invested capital; 
 (v) Cash Flow (including free
cash flow or operating cash flows) 
 (w) Cash conversion cycle; 

(x) Economic value added; 
 (y) Individual confidential business objectives; 
 (z) Contract
awards or backlog; 
 (aa) Overhead or other expense reduction; 

(bb) Credit rating; 
 (cc) Strategic plan development and implementation; 
 (dd)
Succession plan development and implementation; 
 (ee) Improvement in workforce diversity; 

(ff) Customer indicators; 
 (gg) New product invention or innovation; 

  
 17 

 (hh) Attainment of research and development milestones; 

(ii) Improvements in productivity; 

(jj) Bookings; and 
 (kk) Attainment of objective operating goals and employee metrics. 

The Committee may, in recognition of unusual or non-recurring items such as acquisition-related activities or changes in
applicable accounting rules, provide for one or more equitable adjustments (based on objective standards) to the Performance Factors to preserve the Committee’s original intent regarding the Performance Factors at the time of the initial award
grant. It is within the sole discretion of the Committee to make or not make any such equitable adjustments. 

“Performance Period” means the period of service determined by the Committee, not to exceed five
(5) years, during which years of service or performance is to be measured for the Award. 

“Performance Share” means a performance share bonus granted as a Performance Award. 

“Permitted Transferee” means any child, stepchild, grandchild, parent, stepparent, grandparent,
spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law (including adoptive relationships) of the Employee, any person sharing the Employee’s household (other
than a tenant or employee), a trust in which these persons (or the Employee) have more than 50% of the beneficial interest, a foundation in which these persons (or the Employee) control the management of assets, and any other entity in which these
persons (or the Employee) own more than 50% of the voting interests 
 “Plan” means this
Silver Spring Networks, Inc. 2012 Equity Incentive Plan. 
 “Purchase Price” means the
price to be paid for Shares acquired under the Plan, other than Shares acquired upon exercise of an Option or SAR. 
 “Restricted Stock Award” means an award of Shares pursuant to Section 6 or Section 12 of the Plan, or issued pursuant to the early exercise of an Option.

 “Restricted Stock Unit” means an Award granted pursuant to Section 9 or
Section 12 of the Plan. 
 “SEC” means the United States Securities and Exchange
Commission. 
 “Securities Act” means the United States Securities Act of 1933, as
amended. 
 “Shares” means shares of the Company’s Common Stock and the common
stock of any successor security. 
 “Stock Appreciation Right” means an Award granted
pursuant to Section 8 or Section 12 of the Plan. 
 “Stock Bonus” means
an Award granted pursuant to Section 7 or Section 12 of the Plan. 

“Subsidiary” means any corporation (other than the Company) in an unbroken chain of corporations
beginning with the Company if each of the corporations other than the last corporation in the 

  
 18 

 
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 chain. 

“Termination” or “Terminated” means, for purposes of this Plan with
respect to a Participant, that the Participant has for any reason ceased to provide services as an employee, officer, director, consultant, independent contractor or advisor to the Company or a Parent or Subsidiary of the Company. An employee will
not be deemed to have ceased to provide services in the case of (i) sick leave, (ii) military leave, or (iii) any other leave of absence approved by the Committee; provided, that such leave is for a period of not more than 90
days, unless reemployment upon the expiration of such leave is guaranteed by contract or statute or unless provided otherwise pursuant to formal policy adopted from time to time by the Company and issued and promulgated to employees in writing. In
the case of any employee on an approved leave of absence, the Committee may make such provisions respecting suspension of vesting of the Award while on leave from the employ of the Company or a Parent or Subsidiary of the Company as it may deem
appropriate, except that in no event may an Award be exercised after the expiration of the term set forth in the applicable Award Agreement. An employee shall have terminated employment as of the date he or she ceases to be employed (regardless of
whether the termination is in breach of local laws or is later found to be invalid) and employment shall not be extended by any notice period or garden leave mandated by local law. The Committee will have sole discretion to determine whether a
Participant has ceased to provide services for purposes of the Plan and the effective date on which the Participant ceased to provide services (the “Termination Date”). 

“Unvested Shares” means Shares that have not yet vested or are subject to a right of repurchase
in favor of the Company (or any successor thereto). 

  
 19 

 SILVER SPRING NETWORKS, INC. 

2012 EQUITY INCENTIVE PLAN 
 NOTICE OF STOCK OPTION GRANT 
 Unless otherwise defined herein, the terms
defined in the Silver Spring Networks, Inc. (the “Company”) 2012 Equity Incentive Plan (the “Plan”) shall have the same meanings in this Notice of Stock Option Grant (the
“Notice”). 
  

							
		 	Name:	  	  
	 	
				
		 	Address:	  	  
	 	

 You (“Participant”) have been granted an option to purchase Shares of the Company
under the Plan subject to the terms and conditions of the Plan, this Notice and the Global Stock Option Award Agreement, including the Appendix, which includes any applicable country-specific provisions (together the
“Agreement”). 
  

							
		 	 Grant Number:
	 	  
	 	
				
		 	 Date of Grant:
	 	  
	 	
				
		 	 Vesting Commencement Date:
	 	  
	 	
				
		 	 Exercise Price per Share:
	 	  
	 	
				
		 	 Total Number of Shares:
	 	  
	 	
				
		 	 Type of Option:
	 	          Non-Qualified Stock Option
(             shares)
	 	
				
		 		 	         Incentive Stock Option (            
shares)	 	
				
		 	 Expiration Date:
	 	  
	 	
				
		 	Post-Termination Exercise Period:	 	 Termination for Cause = None

Voluntary Termination = 3 Months

Termination without Cause = 3 Months

Disability = 12 Months
 Death = 12 Months
	 	
			
		 	 Vesting Schedule:
	 	 Subject to the limitations set forth in this Notice, the Plan and the Agreement, the Option will vest and may be exercised, in whole or in part, in
accordance with the following schedule: [INSERT VESTING SCHEDULE]

  
 1 

 You understand that unless otherwise provided in an employment agreement, your employment or
consulting relationship or service with the Company or one of its Subsidiaries is for an unspecified duration, can be terminated at any time, and that nothing in this Notice, the Agreement or the Plan changes the nature of that relationship. You
acknowledge that the vesting of the Options pursuant to this Notice is earned only by continuing service as an Employee, Director or Consultant of the Company or any Subsidiary. You also understand that this Notice is subject to the terms and
conditions of both the Agreement and the Plan, both of which are incorporated herein by reference. You have read both the Agreement and the Plan. 
  

									
	PARTICIPANT:	 		 	SILVER SPRING NETWORKS, INC.
					
	Signature:	 	  
	 		 	By:	 	  

					
	Print Name:	 	  
	 		 	Its:	 	  

					
	Date:	 	  
	 		 	Date:	 	  

  
 2 

 SILVER SPRING NETWORKS, INC. 

2012 EQUITY INCENTIVE PLAN 
 GLOBAL STOCK OPTION AWARD AGREEMENT 
 Unless otherwise defined in this
Global Stock Option Award Agreement, including the Appendix, which includes any applicable country-specific provisions (together the “Agreement”), any capitalized terms used herein shall have the meaning ascribed to them in
the Silver Spring Networks, Inc. (the “Company”) 2012 Equity Incentive Plan (the “Plan”). 
 Participant has been granted an option to purchase Shares (the “Option”), subject to the terms and conditions of the Plan, the Notice of Stock Option Grant (the
“Notice”) and this Agreement. 
 1. Vesting Rights. Subject to the
applicable provisions of the Plan and this Agreement, this Option may be exercised, in whole or in part, in accordance with the schedule set forth in the Notice. 

2. Termination Period. 

(a) General Rule. Except as provided below, and subject to the Plan, this Option may be exercised for 3 months
after Termination of Participant’s employment with the Company or any Subsidiary. In no event shall this Option be exercised later than the Expiration Date set forth in the Notice. 

(b) Death; Disability. Unless provided otherwise in the Notice, upon the Termination of Participant’s service
to the Company or any Subsidiary by reason of his or her Disability or death, or if a Participant dies within three months of the Termination Date, this Option may be exercised for twelve months, provided that in no event shall this Option be
exercised later than the Expiration Date set forth in the Notice. 
 (c) Cause. Upon the Termination of
Participant’s employment by the Company or any Subsidiary for Cause, the Option shall expire on such date of Participant’s Termination Date. 
 3. Grant of Option. Participant named in the Notice has been granted an Option for the number of Shares set forth in the Notice at the exercise price per Share set forth in the Notice (the
“Exercise Price”). In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Agreement, the terms and conditions of the Plan shall prevail. 

For U.S. taxpayers, if designated in the Notice as an Incentive Stock Option (“ISO”), this Option
is intended to qualify as an Incentive Stock Option under Section 422 of the Code. However, if this Option is intended to be an ISO, to the extent that it exceeds the US$100,000 rule of Code Section 422(d) it shall be treated as a
Nonqualified Stock Option (“NSO”). 
 4. Exercise of Option. 

(a) Right to Exercise. This Option is exercisable during its term in accordance with the Vesting Schedule set
forth in the Notice and the applicable provisions of the Plan and this Agreement. In the event of Participant’s death, Disability, Termination for Cause or other Termination, the exercisability of the Option is governed by the applicable
provisions of the Plan, the Notice and this Agreement. 
 (b) Method of Exercise. This Option is
exercisable by delivery of an exercise notice (the “Exercise Notice”), which shall state the election to exercise the Option, the number of Shares in 

  
 1 

 
respect of which the Option is being exercised (the “Exercised Shares”), and such other representations and agreements as may be required by the Company pursuant to the
provisions of the Plan. The Exercise Notice shall be delivered in person, by mail, via electronic mail or facsimile or by other authorized method to the Secretary of the Company or other person designated by the Company. The Exercise Notice shall be
accompanied by payment of the aggregate Exercise Price and any Tax-Related Items (defined in Section 8) withholding amounts as to all Exercised Shares. This Option shall be deemed to be exercised upon receipt by the Company of such fully
executed Exercise Notice accompanied by such aggregate Exercise Price and any Tax-Related Items (defined in Section 8) withholding amounts. 
 (c) No Shares shall be issued pursuant to the exercise of this Option unless such issuance and exercise complies with all relevant provisions of law and the requirements of any stock exchange or quotation
service upon which the Shares are then listed. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to Participant on the date the Option is exercised with respect to such Exercised Shares.

 5. Method of Payment. Payment of the aggregate Exercise Price shall be by any of the following,
or a combination thereof, at the election of Participant: 
 (a) cash; 

(b) check; 
 (c) a “broker-assisted” or “same-day sale” (as described in Section 11(d) of the Plan); or 

(d) other method authorized by the Company. 

6. Non-Transferability of Option. This Option may not be transferred in any manner other than by will or by
the laws of descent or distribution or court order and may be exercised during the lifetime of Participant only by Participant unless otherwise permitted by the Committee on a case-by-case basis. The terms of the Plan and this Agreement shall be
binding upon the executors, administrators, heirs, successors and assigns of Participant. 
 7. Term of
Option. Unless otherwise stated in the Appendix, this Option shall in any event expire on the expiration date set forth in the Notice of Stock Option Grant, which date is 10 years after the Date of Grant (five years after the Date of
Grant if this option is designated as an ISO in the Notice of Stock Option Grant and Section 5.3 of the Plan applies). 
 8. Responsibility for Taxes. Regardless of any action the Company or Participant’s employer, if different, (the “Employer”) takes with respect to any or all
income tax, social insurance, payroll tax, payment on account or other tax related items related to Participant’s participation in the Plan and legally applicable to Participant (“Tax-Related Items”), Participant
acknowledges that the ultimate liability for all Tax-Related Items is and remains Participant’s responsibility and may exceed the amount actually withheld by the Company or the Employer. Participant further acknowledges that the Company and/or
the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Option, including, but not limited to, the grant, vesting or exercise of the Option, the subsequent
sale of Shares acquired pursuant to such exercise and the receipt of any dividends; and (ii) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the Option to reduce or eliminate Participant’s
liability for Tax-Related Items or achieve any particular tax result. Further, if Participant has become subject to tax in more than one jurisdiction between the Date of Grant and the date of any relevant taxable or tax withholding event, as
applicable, 

  
 2 

 
Participant acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction.

 Prior to the relevant taxable or tax withholding event, as applicable, Participant will pay or make adequate
arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items. In this regard, Participant authorizes the Company and/or the Employer, or their respective agents, at their discretion, to satisfy the obligations with
regard to all Tax-Related Items by one or a combination of the following: (i) withholding from Participant’s wages or other cash compensation paid to Participant by the Company and/or the Employer; or (ii) withholding from proceeds of
the sale of Shares acquired at exercise of the Option either through a voluntary sale or through a mandatory sale arranged by the Company (on Participant’s behalf pursuant to this authorization). 

Finally, Participant shall pay to the Company or the Employer any amount of Tax-Related Items that the Company or the
Employer may be required to withhold or account for as a result of Participant’s participation in the Plan that cannot be satisfied by the means previously described. The Company may refuse to issue or deliver the Shares or the proceeds of the
sale of Shares, if Participant fails to comply with Participant’s obligations in connection with the Tax-Related Items. 
 9. U.S. Tax Consequences. For Participants subject to U.S. income tax, some of the U.S. federal tax consequences relating to this Option, as of the date of this Option, are set forth
below. All other Participants should consult a tax advisor for tax consequences relating to this Option in their respective jurisdiction. THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. PARTICIPANT
SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THIS OPTION OR DISPOSING OF THE SHARES. 
 (a) Exercising the
Option. 
 (i) Nonqualified Stock Option. Participant may incur U.S. federal ordinary income tax
liability upon exercise of a NSO. Participant 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 Exercised Shares on the date of exercise over
their aggregate Exercise Price. If Participant is an Employee or a former Employee, the Company will be required to withhold from his or her compensation an amount equal to the minimum amount the Company is required to withhold for income and
employment taxes or collect from Participant 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. 
 (ii) Incentive Stock Option.
If this Option qualifies as an ISO, Participant will have no regular federal income tax liability upon its exercise, although the excess, if any, of the aggregate Fair Market Value of the Exercised Shares on the date of exercise over their aggregate
Exercise Price will be treated as an adjustment to alternative minimum taxable income for federal tax purposes and may subject Participant to alternative minimum tax in the year of exercise. 

(b) Disposition of Shares. 

(i) NSO. If Participant holds NSO Shares for at least one year, any gain realized on disposition of the Shares
will be treated as long-term capital gain for federal income tax purposes. 
 (ii) ISO. If Participant
holds ISO Shares for at least one year after exercise and two years after the grant date, any gain realized on disposition of the Shares will be treated as long-

  
 3 

 
term capital gain for federal income tax purposes. If Participant disposes of ISO Shares within one year after exercise or two years after the grant date, any gain realized on such disposition
will be treated as compensation income (taxable at ordinary income rates) to the extent of the excess, if any, of the lesser of (A) the difference between the Fair Market Value of the Shares acquired on the date of exercise and the aggregate
Exercise Price, or (B) the difference between the sale price of such Shares and the aggregate Exercise Price. 
 (c) Notice of Disqualifying Disposition of ISO Shares. If Participant sells or otherwise disposes of any of the Shares acquired pursuant to an ISO on or before the later of (i) two years after
the grant date, or (ii) one year after the exercise date, Participant shall immediately notify the Company in writing of such disposition. Participant agrees that he or she may be subject to income tax withholding by the Company on the
compensation income recognized from such early disposition of ISO Shares by payment in cash or out of the current earnings paid to Participant. 
 9. Acknowledgement. The Company and Participant agree that the Option is granted under and governed by the Notice, this Agreement and by the provisions of the Plan (incorporated herein by
reference). Participant: (i) acknowledges receipt of a copy of the Plan and the Plan prospectus, (ii) represents that Participant has carefully read and is familiar with their provisions, and (iii) hereby accepts the Option subject to
all of the terms and conditions set forth herein and those set forth in the Plan and the Notice. 
 10.
Entire Agreement; Enforcement of Rights. This Agreement, the Plan and the Notice constitute the entire agreement and understanding of the parties relating to the subject matter herein and supersede all prior discussions between them. Any
prior agreements, commitments or negotiations concerning the purchase of the Shares hereunder are superseded. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless in writing
and signed by the parties to this Agreement. The failure by either party to enforce any rights under this Agreement shall not be construed as a waiver of any rights of such party. 

11. Compliance with Laws and Regulations. The issuance of Shares will be subject to and conditioned upon
compliance by the Company and Participant with all applicable local, foreign, state and federal laws and regulations and with all applicable requirements of any exchange control authority and stock exchange or automated quotation system on which the
Company’s Shares may be listed or quoted at the time of such issuance or transfer. 
 12. Governing
Law; Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable
and enforceable replacement for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of this
Agreement shall be enforceable in accordance with its terms. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws
of the State of California, without giving effect to principles of conflicts of law. 
 For purposes of litigating any dispute
that arises directly or indirectly from the relationship of the parties evidenced by this grant or the Agreement, the parties hereby submit to and consent to the exclusive jurisdiction of the State of California and agree that such litigation shall
be conducted only in the courts of San Mateo, California, or the federal courts for the United States for the Northern District of California and no other courts, where this grant is made and/or to be performed. 

  
 4 

 13. No Rights as Employee, Director or Consultant. Nothing in
this Agreement shall affect in any manner whatsoever the right or power of the Company, or a Parent or Subsidiary of the Company, to terminate Participant’s service, for any reason, with or without cause. 

14. Nature of Grant. In accepting the Option, Participant acknowledges, understands and agrees that:

 (a) the Plan is established voluntarily by the Company, it is discretionary in nature, and may be amended,
suspended or terminated by the Company at any time; 
 (b) the grant of the Option is voluntary and occasional
and does not create any contractual or other right to receive future grants of options, or benefits in lieu of options, even if options have been granted repeatedly in the past; 

(c) all decisions with respect to future option grants, if any, will be at the sole discretion of the Company;

 (d) Participant’s participation in the Plan shall not create a right to further employment with the
Employer and shall not interfere with the ability of the Employer to terminate Participant’s employment or service relationship (if any) at any time; 
 (e) Participant is voluntarily participating in the Plan; 
 (f)
the Option and any Shares acquired under the Plan are extraordinary items that do not constitute compensation of any kind for services of any kind rendered to the Company or the Employer, and which is outside the scope of Participant’s
employment or service contract, if any; 
 (g) the Option grant and Participant’s participation in the Plan
will not be interpreted to form an employment or service contract or relationship with the Company or any Subsidiary; 
 (h) the future value of the Shares underlying the Option is unknown and cannot be predicted with certainty; 
 (i) if the underlying Shares do not increase in value, the Option will have no value; 
 (j) if Participant exercises the Option and acquires Shares, the value of such Shares may increase or decrease in value, even below the Exercise Price; and 

(k) no claim or entitlement to compensation or damages shall arise from forfeiture of the Option resulting from
Termination of Participant’s employment by the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) and in consideration of the grant of the Option to which Participant is otherwise not entitled,
Participant irrevocably agrees never to institute any claim against the Company or the Employer, waives Participant’s ability, if any, to bring any such claim, and releases the Company and the Employer from any such claim; if, notwithstanding
the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, Participant shall be deemed irrevocably to have agreed not to pursue such claim and agrees to execute any and all documents necessary
to request dismissal or withdrawal of such claims; 
 (l) if Participant resides outside the U.S., the following
additional provisions shall apply: 

  
 5 

 (i) the Option and any Shares acquired under the Plan are not intended to
replace any pension rights or compensation; 
 (ii) the Option and any Shares acquired under the Plan are not
part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or
retirement or welfare benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Company, the Employer, or any Subsidiary; and 

(iii) in the event of Termination of Participant’s employment (whether or not in breach of local labor laws), any
right to vest in the option will terminate and any post-Termination exercise period will be measured as of the date of Participant’s Termination of active employment and will not be extended by any notice period mandated under local law (e.g.,
active employment would not include a period of “garden leave” or similar period pursuant to local law); the Committee shall have the exclusive discretion to determine when Participant is no longer providing active employment for purposes
of this Option grant. 
 15. Data Privacy. If Participant resides outside the
U.S., Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of Participant’s personal data as described in this Agreement and any other Option grant materials by and among, as
applicable, the Employer, the Company, its Subsidiaries and Parent for the exclusive purpose of implementing, administering and managing participation in the Plan. 

Participant understands that the Company and the Employer may hold certain personal information about Participant,
including, but not limited to, Participant’s name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in the
Company, details of all Options or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in Participant’s favor (“Data”), for the exclusive purpose of implementing, administering and
managing the Plan. 
 Participant understands that Data will be transferred to
                                         or such
other stock plan service provider as may be selected by the Company in the future, which is assisting the Company with the implementation, administration and management of the Plan. Participant understands that the recipients of the Data may be
located in the United States or elsewhere, and that the recipient’s country (e.g., the United States) may have different data privacy laws and protections than Participant’s country. Participant understands that Participant may request a
list with the names and addresses of any potential recipients of the Data by contacting Participant’s local human resources representative. Participant authorizes the Company,
                                         and any
other possible recipients which may assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purposes of
implementing, administering and managing Participant’s participation in the Plan. Participant understands that Data will be held only as long as is necessary to implement, administer and manage Participant’s participation in the Plan.
Participant understands that Participant may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without
cost, by contacting in writing Participant’s local human resources representative. Participant understands, however, that refusing or withdrawing Participant’s consent may affect Participant’s ability to participate in the Plan. For
more information on the consequences of Participant’s refusal to consent or withdrawal of consent, Participant understands that Participant may contact Participant’s local human resources representative. 

  
 6 

 16. No Advice Regarding Grant. The Company is not providing
any tax, legal or financial advice, nor is the Company making any recommendations regarding Participant’s participation in the Plan, or Participant’s acquisition or sale of the underlying Shares. Participant is hereby advised to consult
with Participant’s own personal tax, legal and financial advisors regarding participation in the Plan before taking any action related to the Plan. 
 17. Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means. Participant
hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company. 

18. Language. If Participant has received this Agreement, or any other document related to the Option
and/or the Plan translated into a language other than English and if the meaning of the translated version is different than the English version, the English version will control. 

19. Appendix. Notwithstanding any provisions in this Agreement, the Option grant shall be subject to any
special terms and conditions set forth in any Appendix to this Agreement for Participant’s country of residence. Moreover, if Participant relocates to one of the countries included in the Appendix, the special terms and conditions for such
country will apply to Participant, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix
constitutes part of this Agreement. 
 20. Imposition of Other Requirements. The Company reserves
the right to impose other requirements on Participant’s participation in the Plan, on the Option and on any Shares purchased upon exercise of the Option, to the extent the Company determines it is necessary or advisable in order to comply with
local law or facilitate the administration of the Plan, and to require Participant to sign any additional agreements or undertakings that may be necessary to accomplish the forgoing. 

*  *  *  *  * 
 By Participant’s signature and the signature of the Company’s representative on the Notice, Participant and the Company agree that this Option is granted under and governed by the terms and
conditions of the Plan, the Notice and this Agreement. Participant has reviewed the Plan, the Notice and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing the Notice, and fully understands
all provisions of the Plan, the Notice and this Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions relating to the Plan, the Notice and the Agreement.
Participant further agrees to notify the Company upon any change in the residence address indicated on the Notice. 

  
 7 

 APPENDIX TO THE 

GLOBAL STOCK OPTION AWARD AGREEMENT UNDER THE 
 SILVER SPRING NETWORKS, INC. 
 2012 EQUITY INCENTIVE PLAN 

Terms and Conditions 
 This Appendix includes additional terms and conditions that govern the Option granted to Participant under the Silver Spring Networks, Inc. (the “Company”) 2012 Equity Incentive
Plan (the “Plan”) if Participant resides in one of the countries listed below. Capitalized terms used but not defined in this Appendix have the meanings set forth in the Plan, the Notice of Stock Option Grant (the
“Notice”) and/or the Global Stock Option Award Agreement (the “Agreement”). 

Notifications 

This Appendix also includes information regarding exchange controls and certain other issues of which Participant should be aware with
respect to his or her participation in the Plan. The information is based on the securities, exchange control and other laws in effect in the respective countries as of June 2012. Such laws are often complex and change frequently. As a result, the
Company strongly recommends that Participant not rely on the information in this Appendix as the only source of information relating to the consequences of Participant’s participation in the Plan because the information may be out of date at
the time that the Option vests, Participant exercises his or her Option, or Participant sells the Shares purchased upon exercise of the Option under the Plan. 
 In addition, the information contained herein is general in nature and may not apply to Participant’s particular situation, and the Company is not in a position to assure Participant of a particular
result. 
 Accordingly, Participant is advised to seek appropriate professional advice as to how the relevant laws in
Participant’s country may apply to his or her situation. 
 Finally, if Participant is a citizen or resident of a country
other than the one in which he or she is currently working, transfers after the Date of Grant or is considered a resident of another country for local law purposes, the information contained herein may not be applicable to Participant and the
Company shall, in its discretion, determine to what extent the terms and conditions contained herein shall apply to Participant. 

AUSTRALIA 
 Terms
and Conditions 
 Exercise. This provision supplements Section 4 (“Exercise of Option”) of the
Agreement: 
 Participant may not vest in nor exercise his or her Option unless and until the Shares that are the subject of the
Option are in the same class as securities which have been quoted on a financial market operated by Australian Stock Exchange Limited or an approved foreign market throughout a 12 month period immediately preceding the exercise date without
suspension for more than a total of two (2) trading days during that period in keeping with the Australia Securities and Investments Commission’s Class Order 03/184. 
 Once the Shares underlying the Options have been quoted on a financial market for the 12 month period described above, and provided Participant continues to be employed by the Company or one of its

  
 8 

 
Subsidiaries, Participant will receive a vesting credit for that portion of the Option that would have vested in accordance with the Vesting Schedule as of the date the 12 month period has been
met , and the remaining portion of the Option will vest in accordance with the terms of the Agreement and the Vesting Schedule set forth in the Notice. 
 Furthermore, Participant may not exercise his or her Vested Shares unless and until (i) the Fair Market Value per Share on the date of exercise equals or exceeds the Exercise Price for the Option.

 Lastly, the Expiration Date of Option shall be a date which is no greater than seven (7) years from the Date of Grant.
Accordingly, notwithstanding Section 7 of the Agreement, the Option may not be exercised after the expiration of seven (7) years from the Date of Grant. 
 Notification 
 Securities Law Notice. If Participant
purchases Shares under the Plan and Participant offers such Shares for sale to a person or entity resident in Australia, the offer may be subject to disclosure requirements under Australian law. Participant should obtain legal advice on
Participant’s disclosure obligations prior to making any such offer. 
 BRAZIL 

Terms and Conditions 
 Compliance with Law. By accepting the Option, Participant acknowledges his or her agreement to comply with applicable Brazilian laws and to pay any and all applicable taxes associated with
the exercise of the Option, the receipt of any dividends, and the sale of Shares acquired under the Plan. 
 Notifications

 Exchange Control Information. If Participant is a resident or domiciled in Brazil, he or she will be
required to submit an annual declaration of assets and rights held outside of Brazil to the Central Bank of Brazil if the aggregate value of such assets and rights is equal to or greater than US$100,000 (approximately BRL156,600 as of June 2012).
Assets and rights that must be reported include Shares acquired under the Plan. 
 HONG KONG 

Terms and Conditions 
 Securities Law Compliance. To facilitate compliance with securities laws in Hong Kong, Participant agrees not to sell the Shares issued upon exercise of the Options within six months
from the Date of Grant. 
 Notifications 
 Securities Law Notification. WARNING: This offer of Options and the Shares to be issued upon exercise of the Options do not constitute a public offer of
securities. The offer is available only to employees of the Company or a Subsidiary of the Company or under a small offering exemption to 50 or fewer offerees in Hong Kong over a 12-month period. The contents of the Agreement, including this
Appendix, and the Plan have not been reviewed by any regulatory authority in Hong Kong. Participant is advised to exercise caution in relation to the offer. If 

  
 9 

 
Participant has any doubt about any of the contents of the Agreement, this Appendix, or the Plan, Participant should obtain independent professional advice. 

Nature of Scheme. The Company specifically intends that the Plan will not be an occupational retirement scheme for purposes
of the Occupational Retirement Schemes Ordinance (“ORSO”). Notwithstanding the foregoing, if the Plan is deemed to constitute an occupational retirement scheme for the purposes of ORSO, then Participant’s grant shall be void.

 PORTUGAL 

Notifications 

Exchange Control Information. If Participant acquires Shares under the Plan and does not hold the shares with a Portuguese
financial intermediary, Participant may need to file a report with the Portuguese Central Bank. If the Shares are held by a Portuguese financial intermediary, it will file the report for Participant. 

UNITED KINGDOM 
 Terms and Conditions 
 Responsibility for Taxes. This provision
supplements Section 8 (“Responsibility for Taxes”) of the Agreement: 
 If payment or withholding
of tax is not made within 90 days of the event giving rise to the Tax-Related Items (the “Due Date”) or such other period specified in Section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act 2003, the amount
of any uncollected tax will constitute a loan owed by Participant to the Employer, effective on the Due Date. Participant agrees that the loan will bear interest at then-current Official Rate of Her Majesty’s Revenue and Customs
(“HMRC”), it will be immediately due and repayable, and the Company or the Employer may recover it at any time thereafter by any of the means referred to in Section 8 of the Agreement. Notwithstanding the foregoing, if
Participant is a director or executive officer of the Company (within the meaning of Section 13(k) of the U.S. Securities Exchange Act of 1934, as amended), Participant will not be eligible for such a loan to cover the taxes due. In the event
that Participant is a director or executive officer and tax is not collected from or paid by Participant by the Due Date, the amount of any uncollected tax will constitute a benefit to Participant on which additional income tax and National
Insurance contributions will be payable. Participant will be responsible for reporting and paying any income tax and National Insurance contributions due on this additional benefit directly to HMRC under the self-assessment regime. 

In addition, Participant agrees that the Company and/or the Employer may calculate the Tax-Related Items to be withheld and accounted for
by reference to the maximum applicable rates, without prejudice to any right Participant may have to recover any overpayment from the relevant tax authorities. 

  
 10 

 SILVER SPRING NETWORKS, INC. 

2012 EQUITY INCENTIVE PLAN 
 NOTICE OF RESTRICTED STOCK AWARD 
 GRANT NUMBER:
             
 Unless otherwise defined herein, the terms
defined in the Silver Spring Networks, Inc. (the “Company”) 2012 Equity Incentive Plan (the “Plan”) shall have the same meanings in this Notice of Restricted Stock Award (the
“Notice”). 
  

							
		 	Name:	 	  
	 	
				
		 	Address:	 	  
	 	

 You (“Participant”) have been granted an award of Restricted Shares of Common
Stock of the Company under the Plan subject to the terms and conditions of the Plan, this Notice and the attached Restricted Stock Agreement including the Appendix, which includes any applicable country-specific provisions (together the
“Agreement”). 
  

			
	Total Number of Restricted Shares Awarded:	 	
                             
                                         
                                         
             

		
	Fair Market Value per Restricted Share:	 	
$                             
                                         
                                         
          

		
	Total Fair Market Value of Award:	 	
$                             
                                         
                                         
          

		
	Purchase Price per Restricted Share:	 	
$                             
                                         
                                         
          

		
	Total Purchase Price for all Restricted Shares:	 	
$                             
                                         
                                         
          

		
	Date of Grant:	 	
                             
                                         
                                         
             

		
	 Vesting Commencement Date:
	 	
                             
                                         
                                         
             

		
	Vesting Schedule:	 	 Subject to the limitations set forth in this Notice, the Plan and the Agreement, the Restricted Shares will vest and the right of repurchase shall lapse, in
whole or in part, in accordance with the following schedule: [INSERT VESTING SCHEDULE]

 You understand that unless otherwise provided in an employment agreement, your employment or consulting
relationship with the Company or one of its Subsidiaries is for an unspecified duration, can be terminated at any time (i.e., is “at-will”), and that nothing in this Notice, the Agreement or the Plan changes the at-will nature of that
relationship. You acknowledge that the vesting of the Restricted Shares pursuant to this Notice is earned only by continuing service as an Employee, Director or Consultant of the Company. You also understand that this Notice is subject to the terms
and conditions of both the Agreement and the Plan, both of which are incorporated herein by reference. You have read both the Agreement and the Plan. If the Agreement is not executed by you within thirty (30) days of the Date of Grant above,
then this grant shall be void. 
  

									
	SILVER SPRING NETWORKS, INC.	 	RECIPIENT:
					
	 By:
	 	  
	 		 	Signature	 	  

					
	 Its:
	 	  
	 		 	Please Print Name	 	  

 For U.S. Use Only 

 SILVER SPRING NETWORKS, INC. 

2012 EQUITY INCENTIVE PLAN 
 RESTRICTED STOCK AGREEMENT 
 THIS RESTRICTED STOCK
AGREEMENT, including the Appendix, which includes any applicable country-specific provisions (together this “Agreement”) is made as of
                                        ,
20     by and between Silver Spring Networks, Inc., a Delaware corporation (the “Company”), and
                                         
                                       
(“Participant”) pursuant to the Company’s 2012 Equity Incentive Plan (the “Plan”). Unless otherwise defined herein, the terms defined in the Plan shall have the same meanings in this Agreement.

 1. Sale of Stock. Subject to the terms and conditions of this Agreement, on the Purchase Date
(as defined below) the Company will issue and sell to Participant, and Participant agrees to purchase from the Company the number of Shares shown on the Notice of Restricted Stock Award at a purchase price of
$                     per Share. The per Share purchase price of the Shares shall be not less than the par value of the Shares as of the date of the
offer of such Shares to the Participant. The term “Shares” refers to the purchased Shares and all securities received in replacement of or in connection with the Shares pursuant to stock dividends or splits, all securities received in
replacement of the Shares in a recapitalization, merger, reorganization, exchange or the like, and all new, substituted or additional securities or other properties to which Participant is entitled by reason of Participant’s ownership of the
Shares. 
 2. Time and Place of Purchase. The purchase and sale of the Shares under this Agreement
shall occur at the principal office of the Company simultaneously with the execution of this Agreement by the parties, or on such other date as the Company and Participant shall agree (the “Purchase Date”). On the Purchase
Date, the Company will issue in Participant’s name a stock certificate representing the Shares to be purchased by Participant against payment of the purchase price therefor by Participant by (a) check made payable to the Company,
(b) cancellation of indebtedness of the Company to Participant, (c) Participant’s personal services that the Committee has determined have already been rendered to the Company and have a value not less than aggregate par value of the
Shares to be issued Participant, or (d) a combination of the foregoing. 
 3. Restrictions on
Resale. By signing this Agreement, Participant agrees not to sell any Shares acquired pursuant to the Plan and this Agreement at a time when applicable laws, regulations or Company or underwriter trading policies prohibit exercise or sale. This
restriction will apply as long as Participant is providing service to the Company or a Subsidiary of the Company. 
 3.1 Repurchase Right on Termination Other Than for Cause. For the purposes of this Agreement, a “Repurchase Event” shall mean an occurrence of one of the following:

 (i) Termination of Participant’s service, whether voluntary or involuntary and with or without
cause; 
 (ii) resignation, retirement or death of Participant; or 

(iii) any attempted transfer by Participant of the Shares, or any interest therein, in violation of this
Agreement. 
 Upon the occurrence of a Repurchase Event, the Company shall have the right (but not an obligation) to purchase
the Shares of Participant at a price equal to the Purchase Price per Share (the “Repurchase Right”). The Repurchase Right shall lapse in accordance with the vesting schedule set forth in the Notice

  
 1 

 
of Restricted Stock Award. For purposes of this Agreement, “Unvested Shares” means Stock pursuant to which the Company’s Repurchase Right has not lapsed. 

3.2 Exercise of Repurchase Right. Unless the Company provides written notice to Participant within 90 days
from the date of Termination of Participant’s service to the Company that the Company does not intend to exercise its Repurchase Right with respect to some or all of the Unvested Shares, the Repurchase Right shall be deemed automatically
exercised by the Company as of the 90th day following such Termination, provided that the Company may notify Participant that it is exercising its Repurchase Right as of a date prior to such 90th day. Unless Participant is otherwise notified by the
Company pursuant to the preceding sentence that the Company does not intend to exercise its Repurchase Right as to some or all of the Unvested Shares, execution of this Agreement by Participant constitutes written notice to Participant of the
Company’s intention to exercise its Repurchase Right with respect to all Unvested Shares to which such Repurchase Right applies at the time of Termination of Participant. The Company, at its choice, may satisfy its payment obligation to
Participant with respect to exercise of the Repurchase Right by either (A) delivering a check to Participant in the amount of the purchase price for the Unvested Shares being repurchased, or (B) in the event Participant is indebted to the
Company, canceling an amount of such indebtedness equal to the purchase price for the Unvested Shares being repurchased, or (C) by a combination of (A) and (B) so that the combined payment and cancellation of indebtedness equals such
purchase price. In the event of any deemed automatic exercise of the Repurchase Right by canceling an amount of such indebtedness equal to the purchase price for the Unvested Shares being repurchased, such cancellation of indebtedness shall be
deemed automatically to occur as of the 90th day following Termination of Participant’s employment or consulting relationship unless the Company otherwise satisfies its payment obligations. As a result of any repurchase of Unvested Shares
pursuant to the Repurchase Right, the Company shall become the legal and beneficial owner of the Unvested Shares being repurchased and shall have all rights and interest therein or related thereto, and the Company shall have the right to transfer to
its own name the number of Unvested Shares being repurchased by the Company, without further action by Participant. 
 3.3 Acceptance of Restrictions. Acceptance of the Shares shall constitute Participant’s agreement to such restrictions and the legending of his or her certificates with respect thereto.
Notwithstanding such restrictions, however, so long as Participant is the holder of the Shares, or any portion thereof, he or she shall be entitled to receive all dividends declared on and to vote the Shares and to all other rights of a stockholder
with respect thereto. 
 3.4 Non-Transferability of Unvested Shares. In addition to any other
limitation on transfer created by applicable securities laws or any other agreement between the Company and Participant, Participant may not transfer any Unvested Shares, or any interest therein, unless consented to in writing by a duly authorized
representative of the Company. Any purported transfer is void and of no effect, and no purported transferee thereof will be recognized as a holder of the Unvested Shares for any purpose whatsoever. Should such a transfer purport to occur, the
Company may refuse to carry out the transfer on its books, set aside the transfer, or exercise any other legal or equitable remedy. In the event the Company consents to a transfer of Unvested Shares, all transferees of Shares or any interest therein
will receive and hold such Shares or interest subject to the provisions of this Agreement, including, insofar as applicable, the Repurchase Right. In the event of any purchase by the Company hereunder where the Shares or interest are held by a
transferee, the transferee shall be obligated, if requested by the Company, to transfer the Shares or interest to the Participant for consideration equal to the amount to be paid by the Company hereunder. In the event the Repurchase Right is deemed
exercised by the Company, the Company may deem any transferee to have transferred the Shares or interest to Participant prior to their purchase by the Company, and payment of the purchase price by the Company to such transferee shall be deemed to
satisfy Participant’s obligation to pay such transferee for such Shares or interest, and also to satisfy the Company’s obligation to pay Participant for such Shares or interest. 

  
 2 

 3.5 Assignment. The Repurchase Right may be assigned by the
Company in whole or in part to any persons or organization. 
 4. Restrictive Legends and Stop
Transfer Orders. 
 4.1 Legends. The certificate or certificates representing the Shares shall
bear the following legend (as well as any legends required by applicable state and federal corporate and securities laws): 
 THE SHARES REPRESENTED BY THIS CERTIFICATE MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF AN AGREEMENT BETWEEN THE COMPANY AND THE STOCKHOLDER, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF
THE COMPANY. 
 4.2 Stop-Transfer Notices. Participant agrees that, in order to ensure compliance
with the restrictions referred to herein, the Company may issue appropriate “stop transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate notations to the same
effect in its own records. 
 4.3 Refusal to Transfer. The Company shall not be required
(i) to transfer on its books any Shares that have been sold or otherwise transferred in violation of any of the provisions of this Agreement or (ii) to treat as the owner or to accord the right to vote or pay dividends to any purchaser or
other transferee to whom such Shares shall have been so transferred. 
 5. No
Rights as Employee, Director or Consultant. Nothing in this Agreement shall affect in any manner whatsoever the right or power of the Company, or a Parent or Subsidiary of the Company, to terminate Participant’s service, for any reason, with or without cause. 

6. Miscellaneous. 
 6.1 Acknowledgement. The Company and Participant agree that the Restricted Shares are granted under and governed by the Notice, this Agreement and by the provisions of the Plan (incorporated
herein by reference). Participant: (i) acknowledges receipt of a copy of the Plan and the Plan prospectus, (ii) represents that Participant has carefully read and is familiar with their provisions, and (iii) hereby accepts the
Restricted Shares subject to all of the terms and conditions set forth herein and those set forth in the Plan and the Notice. 
 6.2 Entire Agreement; Enforcement of Rights. This Agreement, the Plan and the Notice constitute the entire agreement and understanding of the parties relating to the subject matter herein
and supersede all prior discussions between them. Any prior agreements, commitments or negotiations concerning the purchase of the Shares hereunder are superseded. No modification of or amendment to this Agreement, nor any waiver of any rights under
this Agreement, shall be effective unless in writing and signed by the parties to this Agreement. The failure by either party to enforce any rights under this Agreement shall not be construed as a waiver of any rights of such party. 

6.3 Compliance with Laws and Regulations. The issuance of Shares will be subject to and conditioned upon
compliance by the Company and Participant with all applicable local, foreign, state and federal laws and regulations and with all applicable requirements of any exchange control authority and stock exchange or automated quotation system on which the
Company’s Shares may be listed or quoted at the time of such issuance or transfer. 

  
 3 

 6.4 Governing Law; Severability. If one or more provisions of
this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then
(i) such provision shall be excluded from this Agreement, (ii) the balance of this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of this Agreement shall be enforceable in accordance with
its terms. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of California, without giving effect
to principles of conflicts of law. 
 For purposes of litigating any dispute that arises directly or indirectly from the
relationship of the parties evidenced by this grant or the Agreement, the parties hereby submit to and consent to the exclusive jurisdiction of the State of California and agree that such litigation shall be conducted only in the courts of San
Mateo, California, or the federal courts for the United States for the Northern District of California and no other courts, where this grant is made and/or to be performed. 

6.5 Construction. This Agreement is the result of negotiations between and has been reviewed by each of the
parties hereto and their respective counsel, if any; accordingly, this Agreement shall be deemed to be the product of all of the parties hereto, and no ambiguity shall be construed in favor of or against any one of the parties hereto. 

6.6 Notices. Any notice to be given under the terms of the Plan shall be addressed to the Company in care
of its principal office, and any notice to be given to the Participant shall be addressed to such Participant at the address maintained by the Company for such person or at such other address as the Participant may specify in writing to the Company.

 6.7 Counterparts. This Agreement may be executed in two or more counterparts, each of which
shall he deemed an original and all of which together shall constitute one instrument. 
 6.8
Responsibility for Taxes. Regardless of any action the Company or Participant’s employer, if different, (the “Employer”) takes with respect to any or all income tax, social insurance, payroll tax, payment on
account or other tax-related items related to Participant’s participation in the Plan and legally applicable to Participant (“Tax-Related Items”), Participant acknowledges that the ultimate liability for all Tax-Related
Items is and remains Participant’s responsibility and may exceed the amount actually withheld by the Company or the Employer. Participant further acknowledges that the Company and/or the Employer (1) make no representations or undertakings
regarding the treatment of any Tax-Related Items in connection with any aspect of the Shares, including, but not limited to, the issuance of Shares, the grant and vesting of the Shares, the subsequent sale of Shares acquired pursuant to such
issuance and the receipt of any dividends; and (2) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the Shares to reduce or eliminate Participant’s liability for Tax-Related Items or achieve
any particular tax result. Further, if Participant has become subject to tax in more than one jurisdiction between the Date of Grant and the date of any relevant taxable or tax withholding event, as applicable, Participant acknowledges that the
Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 
 Prior to any relevant taxable or tax withholding event, as applicable, Participant will pay or make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items.
In this regard, Participant authorizes the Company and/or the Employer, or their respective agents, at their 

  
 4 

 
discretion, to satisfy the obligations with regard to all Tax-Related Items by withholding a number of Shares with a fair market value (determined on the date the Shares are issued) equal to the
minimum amount the Company is required to withhold for Tax-Related Items. To the extent net Share withholding results in negative tax or accounting treatment, the Company shall withhold by one or more of the following alternative methods:
(i) withholding from Participant’s wages or other cash compensation paid to Participant by the Company and/or the Employer; or (ii) withholding from proceeds of the sale of Shares available upon vesting of the Shares either through a
voluntary sale or through a mandatory sale arranged by the Company (on Participant’s behalf pursuant to this authorization. 
 To avoid negative accounting treatment, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding amounts or other applicable withholding rates. If
the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, Participant is deemed to have been issued the full number of Shares subject to the vested Shares, notwithstanding that a number of the Shares are held back
solely for the purpose of paying the Tax-Related Items due as a result of any aspect of Participant’s participation in the Plan. 
 Finally, Participant shall pay to the Company or the Employer any amount of Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of Participant’s
participation in the Plan that cannot be satisfied by the means previously described. The Company may refuse to issue or release the Shares or the proceeds of the sale of Shares, if Participant fails to comply with Participant’s obligations in
connection with the Tax-Related Items. 
 6.9 U.S. Tax Consequences. Upon vesting of Shares,
Participant will include in taxable income the difference between the fair market value of the vesting Shares, as determined on the date of their vesting, and the price paid for the Shares. This will be treated as ordinary income by Participant and
will be subject to withholding by the Company when required by applicable law. In the absence of an Election (defined below), the Company shall withhold all Tax-Related Items in accordance with Section 6.8(iii) above. If Participant makes an
Election, then Participant must, prior to making the Election, pay in cash (or check) to the Company an amount equal to the amount the Company is required to withhold for income and employment taxes. 

7. Section 83(b) Election. Participant hereby acknowledges that he or she has been informed that, with
respect to the purchase of the Shares, an election may be filed by the Participant with the Internal Revenue Service, within 30 days of the purchase of the Shares, electing pursuant to Section 83(b) of the Code to be taxed currently on any
difference between the purchase price of the Shares and their Fair Market Value on the date of purchase (the “Election”). Making the Election will result in recognition of taxable income to the Participant on the date of
purchase, measured by the excess, if any, of the Fair Market Value of the Shares over the purchase price for the Shares. Absent such an Election, taxable income will be measured and recognized by Participant at the time or times on which the
Company’s Repurchase Right lapses. Participant is strongly encouraged to seek the advice of his or her own tax consultants in connection with the purchase of the Shares and the advisability of filing of the Election. PARTICIPANT ACKNOWLEDGES
THAT IT IS SOLELY PARTICIPANT’S RESPONSIBILITY, AND NOT THE COMPANY’S RESPONSIBILITY, TO TIMELY FILE THE ELECTION UNDER SECTION 83(b) OF THE CODE, EVEN IF PARTICIPANT REQUESTS THE COMPANY, OR ITS REPRESENTATIVE, TO MAKE THIS FILING ON
PARTICIPANT’S BEHALF. 
 8. Electronic Delivery. The Company may, in its sole discretion,
decide to deliver any documents related to current or future participation in the Plan by electronic means. Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or
electronic system established and maintained by the Company or a third party designated by the Company. 

  
 5 

 9. Severability. The provisions of this Agreement are
severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 

10. Appendix. Notwithstanding any provisions in this Agreement, the Shares shall be subject to any special
terms and conditions set forth in any Appendix to this Agreement for Participant’s country of residence. Moreover, if Participant relocates to one of the countries included in the Appendix, the special terms and conditions for such country will
apply to Participant, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of
this Agreement. 
 11. Imposition of Other Requirements. The Company reserves the right to impose
other requirements on Participant’s participation in the Plan and on any Shares, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require me
to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 
 The
parties have executed this Agreement as of the date first set forth above. 
  

			
	SILVER SPRING NETWORKS, INC.
		
	 By:
	 	  

		
	 Its:
	 	  

 

			
	RECIPIENT:
		
	 Signature
	 	  

	
	Please Print Name

  
 6 

 APPENDIX TO THE 

RESTRICTED STOCK AGREEMENT UNDER THE 
 SILVER SPRING NETWORKS, INC. 
 2012 EQUITY INCENTIVE PLAN 

Terms and Conditions 
 This Appendix includes additional terms and conditions that govern the Restricted Shares of Common Stock (“Shares”) granted to Participant under the Silver Spring Networks, Inc.
(the “Company”) 2012 Equity Incentive Plan (the “Plan”) if Participant resides in one of the countries listed below. Capitalized terms used but not defined in this Appendix have the meanings set forth
in the Plan, the Notice of Restricted Stock Award (the “Notice”) and/or the Restricted Stock Agreement (the “Agreement”). 
 Notifications 
 This Appendix also includes information regarding
exchange controls and certain other issues of which Participant should be aware with respect to his or her participation in the Plan. The information is based on the securities, exchange control and other laws in effect in the respective countries
as of June 2012. Such laws are often complex and change frequently. As a result, the Company strongly recommends that Participant not rely on the information in this Appendix as the only source of information relating to the consequences of
Participant’s participation in the Plan because the information may be out of date at the time that the Shares are issued or vest. 
 In addition, the information contained herein is general in nature and may not apply to Participant’s particular situation, and the Company is not in a position to assure Participant of a particular
result. 
 Accordingly, Participant is advised to seek appropriate professional advice as to how the relevant laws in
Participant’s country may apply to his or her situation. 
 Finally, if Participant is a citizen or resident of a country
other than the one in which he or she is currently working, transfers after the Date of Grant or is considered a resident of another country for local law purposes, the information contained herein may not be applicable to Participant and the
Company shall, in its discretion, determine to what extent the terms and conditions contained herein shall apply to Participant. 

AUSTRALIA 
 Terms
and Conditions 
 Vesting of Shares. Notwithstanding anything to the contrary in the Notice, the Agreement,
or the Plan, the Shares will not vest in accordance with the Vesting Schedule unless and until the Shares are of the same class of securities which have been quoted on a financial market operated by Australian Stock Exchange Limited or an approved
foreign market throughout the 12 month period immediately preceding the vest date without suspension for more than a total of two (2) trading days during that period in keeping with the Australia Securities and Investments Commission’s
Class Order 03/184. 
 Once the underlying Shares have been quoted on a financial market for the 12 month period described
above, and provided Participant continues to be employed by the Company or one of its Subsidiaries, Participant will receive a vesting credit for that portion of the Shares that would have vested in accordance with the Vesting Schedule as of the
date the 12 month period has been met, and the remaining portion of the Shares will vest in accordance with the Vesting Schedule and the Agreement. 

  
 7 

 Notification 
 Securities Law Notice. If Participant acquires Shares under the Plan and Participant offers such Shares for sale to a person or entity resident in Australia, the offer may be subject to
disclosure requirements under Australian law. Participant should obtain legal advice on Participant’s disclosure obligations prior to making any such offer. 
 BRAZIL 
 Terms and Conditions 

Compliance with Law. By accepting the Shares, Participant acknowledges his or her agreement to comply with applicable
Brazilian laws and to pay any and all applicable taxes associated with the vesting of the Shares, the receipt of any dividends, and the sale of Shares acquired under the Plan. 
 Exchange Control Information. If Participant is a resident or domiciled in Brazil, he or she will be required to submit an annual declaration of assets and rights held outside of Brazil to
the Central Bank of Brazil if the aggregate value of such assets and rights is equal to or greater than US$100,000 (approximately BRL156,600 as of June 2012). Assets and rights that must be reported include Shares. 

HONG KONG 

Terms and Conditions 
 Securities Law Notification. The offer of the Shares do not constitute a public offering of securities under Hong Kong law. The offer is available only to employees of the
Company or its Subsidiaries participating in the Plan or under a small offering exemption to 50 or fewer offerees in Hong Kong over a 12-month period. Participant should be aware that the contents of the Agreement have not been prepared in
accordance with and are not intended to constitute a “prospectus” for a public offering of securities under the applicable securities legislation in Hong Kong. Nor have the documents been reviewed by any regulatory authority in Hong Kong.
The Shares are intended only for the personal use of each Participant and may not be distributed to any other person. Participant is advised to exercise caution in relation to the offer. If Participant is in any doubt about any of the contents of
the Agreement, including this Appendix, or the Plan, Participant should obtain independent professional advice. 

Payable Only in Shares. Notwithstanding any discretion in the Plan, the grant of Shares does not provide any right for
Participant to receive a cash payment. 
 Sale of Shares. In the event the Shares vest within six months of the
Date of Grant, Participant agrees that he or she will not dispose of the Shares acquired prior to the six-month anniversary of the Date of Grant. 
 Occupational Retirement Schemes Ordinance Alert. The Company specifically intends that neither the Award nor the Plan will be an occupational retirement scheme for purposes of the
Occupational Retirement Schemes Ordinance (“ORSO”). 
 PORTUGAL 

Notification 

  
 8 

 Exchange Control Information. If Participant does not hold the
Shares with a Portuguese financial intermediary, Participant may need to file a report with the Portuguese Central Bank. If the Shares are held by a Portuguese financial intermediary, then it will file the report for Participant. 

UNITED KINGDOM 
 Terms and Conditions 
 Responsibility for Taxes. This provision
supplements Section 6.8 of the Agreement: 
 If payment or withholding of tax is not made within ninety (90) days of
the event giving rise to the tax (the “Due Date”) or such other period specified in Section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act 2003, the amount of any uncollected tax will constitute a loan owed
by Participant to the Employer, effective on the Due Date. Participant agrees that the loan will bear interest at the then-current Official Rate of Her Majesty’s Revenue and Customs (“HMRC”), it will be immediately due
and repayable, and the Company or the Employer may recover it at any time thereafter by any of the means referred to in Section 6.8 of the Agreement. Notwithstanding the foregoing, if Participant is a director or executive officer of the
Company (within the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended), Participant will not be eligible for such a loan to cover the taxes due. In the event that Participant is a director or executive officer
and tax is not collected from or paid by Participant by the Due Date, the amount of any uncollected tax will constitute a benefit to Participant on which additional income tax and National Insurance contributions be payable. Participant will be
responsible for reporting and paying any income tax and National Insurance contributions due on this additional benefit directly to HMRC under the self-assessment regime. 

  
 9 

 RECEIPT 

Silver Spring Networks, Inc. hereby acknowledges receipt of (check as applicable): 

 ̈ A check in the amount of
$                     
  ̈ The cancellation of indebtedness in the amount of $                     

given by
                                         
                    as consideration for Certificate No. -             for
                                         shares
of Common Stock of Silver Spring Networks, Inc. 
 Dated:
                                        

  

			
	SILVER SPRING NETWORKS, INC.
		
	 By:
	 	  

		
	 Its:
	 	  

  
 10 

 RECEIPT AND CONSENT 

The undersigned Participant hereby acknowledges receipt of a photocopy of Certificate No.
-             for
                                         shares
of Common Stock of Silver Spring Networks, Inc. (the “Company”). 
 The undersigned
further acknowledges that the Secretary of the Company, or his or her designee, is acting as escrow holder pursuant to the Restricted Stock Agreement that Participant has previously entered into with the Company. As escrow holder, the Secretary of
the Company, or his or her designee, holds the original of the aforementioned certificate issued in the undersigned’s name. To facilitate any transfer of Shares to the Company pursuant to the Restricted Stock Agreement, Participant has executed
the attached Assignment Separate from Certificate. 
  

					
	Dated:                 , 20    	 	
			
	Signature	 	  
	 	

					
			
	Please Print Name	 	  
	 	

  
 11 

 STOCK POWER AND ASSIGNMENT 

SEPARATE FROM STOCK CERTIFICATE 

FOR VALUE RECEIVED and pursuant to that certain Restricted Stock Agreement dated as of
                                        ,
    , [COMPLETE AT THE TIME OF PURCHASE] (the “Agreement”), the undersigned Participant hereby sells, assigns and transfers unto
                                         
                                       ,
                     shares of the Common Stock $0.001, par value per share, of Silver Spring Networks, Inc., a Delaware corporation (the
“Company”), standing in the undersigned’s name on the books of the Company represented by Certificate No(s).              [COMPLETE AT THE TIME OF
PURCHASE] delivered herewith, and does hereby irrevocably constitute and appoint the Secretary of the Company as the undersigned’s attorney-in-fact, with full power of substitution, to transfer said stock on the books of the
Company. THIS ASSIGNMENT MAY ONLY BE USED AS AUTHORIZED BY THE AGREEMENT AND ANY EXHIBITS THERETO. 
 Dated:
                                        ,
     
  

	
	 PARTICIPANT

	
	  

	 (Signature)

	
	  

	 (Please Print Name)

 Instructions to Participant: Please do not fill in any blanks other than the
signature line. The purpose of this document is to enable the Company and/or its assignee(s) to acquire the shares upon exercise of its “Repurchase Right” set forth in the Agreement without requiring additional action by the Participant.

  
 12 

 SILVER SPRING NETWORKS, INC. 

2012 EQUITY INCENTIVE PLAN 
 NOTICE OF STOCK APPRECIATION RIGHT AWARD 
 GRANT NUMBER:
             
 Unless otherwise defined herein, the terms
defined in the Silver Spring Networks, Inc. (the “Company”) 2012 Equity Incentive Plan (the “Plan”) shall have the same meanings in this Notice of Stock Appreciation Right Award (the
“Notice”). 
  

							
		 	 Name:
	 	  
	 	
				
		 	 Address:
	 	  
	 	

 You (“Participant”) have been granted an award of Stock Appreciation Rights
(“SARs”) of the Company under the Plan subject to the terms and conditions of the Plan, this Notice and the Global Stock Appreciation Right Award Agreement, including the Appendix, which includes any applicable
country-specific provisions (together the “Agreement”). 
  

					
	Grant Number:	  	  
	  	
			
	Date of Grant:	  	  
	  	
			
	Vesting Commencement Date:	  	  
	  	
			
	Fair Market Value on Date of Grant:	  	  
	  	
			
	Total Number of Shares:	  	  
	  	
			
	Expiration Date:	  	  
	  	
			
	Post-Termination Exercise Period:	  	 Termination for Cause = None

Voluntary Termination = 3 Months

Termination without Cause = 3 Months

Disability = 12 Months
 Death = 12 Months
	  	
		
	Vesting Schedule: 	  	 Subject to the limitations set forth in this Notice, the Plan and the Agreement, the SAR will vest and may be exercised, in whole or in part, in
accordance with the following schedule: [INSERT VESTING SCHEDULE]

 You understand that unless otherwise provided in an employment agreement, your employment or consulting
relationship or service with the Company or one of its Subsidiaries is for an unspecified duration, can be terminated at any time, and that nothing in this Notice, the Agreement or the Plan changes the nature of that relationship. You acknowledge
that the vesting of the SARs pursuant to this Notice is earned only by continuing service as an Employee, Director or Consultant of the Company or any Subsidiary. You also understand that this Notice is subject to the terms and conditions of both
the 

  
 1 

 
Agreement and the Plan, both of which are incorporated herein by reference. You have read both the Agreement and the Plan. 

 

									
	 PARTICIPANT:
	 		 	SILVER SPRING NETWORKS, INC.
					
	Signature:	 	  
	 		 	 By:
	 	  

					
	Print Name:	 	  
	 		 	 Its:
	 	  

					
	Date:	 	  
	 		 	 Date:
	 	  

  
 2 

 SILVER SPRING NETWORKS, INC. 

2012 EQUITY INCENTIVE PLAN 
 GLOBAL STOCK APPRECIATION RIGHT AWARD AGREEMENT 
 Unless otherwise defined
in this Global Stock Appreciation Right Award Agreement, including the Appendix, which includes any applicable country-specific provisions (together the “Agreement”), any capitalized terms used herein shall have the meaning
ascribed to them in the Silver Spring Networks, Inc. (the “Company”) 2012 Equity Incentive Plan (the “Plan”). 
 Participant has been granted Stock Appreciation Rights (“SARs”), subject to the terms and conditions of the Plan, the Notice of Stock Appreciation Right Award (the
“Notice”) and this Agreement. 
 1. Vesting Rights. Subject to the
applicable provisions of the Plan and this Agreement, this SAR may be exercised, in whole or in part, in accordance with the schedule set forth in the Notice. 
 2. Termination Period. 
 (a) General Rule.
Except as provided below, and subject to the Plan, this SAR may be exercised for 3 months after Termination of Participant’s employment with the Company or any Subsidiary. In no event shall this SAR be exercised later than the Expiration Date
set forth in the Notice. 
 (b) Death; Disability. Unless provided otherwise in the Notice, upon the
Termination of Participant’s service to the Company or any Subsidiary by reason of his or her Disability or death, or if a Participant dies within three months of the Termination Date, this SAR may be exercised for twelve months, provided that
in no event shall this SAR be exercised later than the Expiration Date set forth in the Notice. 
 (c)
Cause. Upon the Termination of Participant’s employment by the Company or any Subsidiary for Cause, the SAR shall expire on such date of Participant’s Termination Date. For purposes of this Agreement, “Cause” shall be
defined in the Plan. 
 3. Grant of SAR. Participant named in the Notice has been granted a SAR
for the number of Shares set forth in the Notice at the fair market value set forth in the Notice. In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Agreement, the terms and conditions of
the Plan shall prevail. 
 4. Exercise of SAR. 

(a) Right to Exercise. This SAR is exercisable during its term in accordance with the Vesting Schedule set forth
in the Notice and the applicable provisions of the Plan and this Agreement. In the event of Participant’s death, Disability, Termination for Cause or other Termination, the exercisability of the SAR is governed by the applicable provisions of
the Plan, the Notice and this Agreement. 
 (b) Method of Exercise. This SAR is exercisable by delivery
of an exercise notice (the “Exercise Notice”), which shall state the election to exercise the SAR, the number of SARS to be exercised (the “Exercised SARs”), and such other representations and
agreements as may be required by the Company pursuant to the provisions of the Plan. The Exercise Notice shall be delivered in person, by mail, via electronic mail or facsimile or by other authorized method to the Secretary of the Company or other
person designated by the Company. This SAR shall be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice. 

  
 1 

 (c) No Shares shall be issued pursuant to the exercise of this SAR unless
such issuance and exercise complies with all relevant provisions of law and the requirements of any stock exchange or quotation service upon which the Shares are then listed. Assuming such compliance, for income tax purposes the Exercised Shares
shall be considered transferred to Participant on the date the SAR is exercised with respect to such Exercised Shares. 
 5. Non-Transferability of SAR. This SAR may not be transferred in any manner other than by will or by the laws of descent or distribution or court order and may be exercised during the
lifetime of Participant only by Participant unless otherwise permitted by the Committee on a case-by-case basis. The terms of the Plan and this Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of
Participant. 
 6. Term of SAR. This SAR shall in any event expire on the expiration date set
forth in the Notice, which date is 10 years after the Date of Grant. 
 7. Responsibility for
Taxes. Regardless of any action the Company or Participant’s employer, if different, (the “Employer”) takes with respect to any or all income tax, social insurance, payroll tax, payment on account or other tax
related items related to Participant’s participation in the Plan and legally applicable to Participant (“Tax-Related Items”), Participant acknowledges that the ultimate liability for all Tax-Related Items is and remains
Participant’s responsibility and may exceed the amount actually withheld by the Company or the Employer. Participant further acknowledges that the Company and/or the Employer (i) make no representations or undertakings regarding the
treatment of any Tax-Related Items in connection with any aspect of the SAR, including, but not limited to, the grant, vesting or exercise of the SAR, the subsequent sale of Shares acquired pursuant to such exercise and the receipt of any dividends;
and (ii) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the SAR to reduce or eliminate Participant’s liability for Tax-Related Items or achieve any particular tax result. Further, if
Participant has become subject to tax in more than one jurisdiction between the Date of Grant and the date of any relevant taxable or tax withholding event, as applicable, Participant acknowledges that the Company and/or the Employer (or former
employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 
 Prior to the relevant taxable or tax withholding event, as applicable, Participant will pay or make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items.
In this regard, Participant authorizes the Company and/or the Employer, or their respective agents, at their discretion, to satisfy the obligations with regard to all Tax-Related Items by one or a combination of the following: (i) withholding
from Participant’s wages or other cash compensation paid to Participant by the Company and/or the Employer; or (ii) withholding from proceeds of the sale of Shares acquired at exercise of the SAR either through a voluntary sale or through
a mandatory sale arranged by the Company (on Participant’s behalf pursuant to this authorization); or (iii) withholding in Shares to be issued at exercise of the SAR. If Participant is a Section 16 officer, then Participant may elect
the form of withholding or the Committee may determine that a particular method be used to satisfy any Tax-Related Items withholding. 
 To avoid any negative accounting treatment, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding amounts or other applicable withholding rates.
If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, Participant is deemed to have been issued the full number of Shares subject to the exercised SARs, notwithstanding that a number of the Shares are held
back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of Participant’s participation in the Plan. 
 Finally, Participant shall pay to the Company or the Employer any amount of Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of

  
 2 

 
Participant’s participation in the Plan that cannot be satisfied by the means previously described. The Company may refuse to issue or deliver the Shares or the proceeds of the sale of
Shares, if Participant fails to comply with Participant’s obligations in connection with the Tax-Related Items. 
 8. U.S. Tax Consequences. For Participants subject to U.S. income tax, some of the U.S. federal tax consequences relating to this SAR, as of the date of this SAR, are set forth below.
All other Participants should consult a tax advisor for tax consequences relating to this SAR in their respective jurisdiction. THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. PARTICIPANT SHOULD
CONSULT A TAX ADVISER BEFORE EXERCISING THIS SAR. Participant will incur federal ordinary income tax liability upon exercise of the SAR. Participant 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 Exercised Shares on the date of exercise over their Fair Market Value on the Date of Grant. If Participant is an Employee or a former Employee, the Company will be required to withhold from his
or her compensation an amount equal to the minimum amount the Company is required to withhold for income and employment taxes or collect from Participant 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. If Participant holds the Shares received upon exercise of the SAR
for at least one year, any gain realized on disposition of the Shares will be treated as long-term capital gain for federal income tax purposes. 
 9. Acknowledgement. The Company and Participant agree that the SAR is granted under and governed by the Notice, this Agreement and by the provisions of the Plan (incorporated herein by
reference). Participant: (i) acknowledges receipt of a copy of the Plan and the Plan prospectus, (ii) represents that Participant has carefully read and is familiar with their provisions, and (iii) hereby accepts the SAR subject to
all of the terms and conditions set forth herein and those set forth in the Plan and the Notice. 
 10.
Entire Agreement; Enforcement of Rights. This Agreement, the Plan and the Notice constitute the entire agreement and understanding of the parties relating to the subject matter herein and supersede all prior discussions between them. Any
prior agreements, commitments or negotiations concerning the purchase of the Shares hereunder are superseded. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless in writing
and signed by the parties to this Agreement. The failure by either party to enforce any rights under this Agreement shall not be construed as a waiver of any rights of such party. 

11. Compliance with Laws and Regulations. The issuance of Shares will be subject to and conditioned upon
compliance by the Company and Participant with all applicable local, foreign, state and federal laws and regulations and with all applicable requirements of any exchange control authority and stock exchange or automated quotation system on which the
Company’s Shares may be listed or quoted at the time of such issuance or transfer. 
 12. Governing
Law; Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable
and enforceable replacement for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of this
Agreement shall be enforceable in accordance with its terms. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws
of the State of California, without giving effect to principles of conflicts of law. 

  
 3 

 For purposes of litigating any dispute that arises directly or indirectly from the
relationship of the parties evidenced by this grant or the Agreement, the parties hereby submit to and consent to the exclusive jurisdiction of the State of California and agree that such litigation shall be conducted only in the courts of San
Mateo, California, or the federal courts for the United States for the Northern District of California and no other courts, where this grant is made and/or to be performed. 

13. No Rights as Employee, Director or Consultant. Nothing in this Agreement shall affect in any manner
whatsoever the right or power of the Company, or a Parent or Subsidiary of the Company, to terminate Participant’s service, for any reason, with or without cause. 

14. Nature of Grant. In accepting the SAR, Participant acknowledges, understands and agrees that:

 (a) the Plan is established voluntarily by the Company, it is discretionary in nature, and may be amended,
suspended or terminated by the Company at any time; 
 (b) the grant of the SAR is voluntary and occasional and
does not create any contractual or other right to receive future grants of options, or benefits in lieu of options, even if options have been granted repeatedly in the past; 

(c) all decisions with respect to future option grants, if any, will be at the sole discretion of the Company;

 (d) Participant’s participation in the Plan shall not create a right to further employment with the
Employer and shall not interfere with the ability of the Employer to terminate Participant’s employment or service relationship (if any) at any time; 
 (e) Participant is voluntarily participating in the Plan; 
 (f)
the SAR and any Shares acquired under the Plan are extraordinary items that do not constitute compensation of any kind for services of any kind rendered to the Company or the Employer, and which is outside the scope of Participant’s employment
or service contract, if any; 
 (g) the SAR grant and Participant’s participation in the Plan will not be
interpreted to form an employment or service contract or relationship with the Company or any Subsidiary; 
 (h)
the future value of the Shares underlying the SAR is unknown and cannot be predicted with certainty; 
 (i) if
the underlying Shares do not increase in value, the SAR will have no value; 
 (j) no claim or entitlement to
compensation or damages shall arise from forfeiture of the SAR resulting from Termination of Participant’s employment by the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) and in
consideration of the grant of the SAR to which Participant is otherwise not entitled, Participant irrevocably agrees never to institute any claim against the Company or the Employer, waives Participant’s ability, if any, to bring any such
claim, and releases the Company and the Employer from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, Participant shall be deemed irrevocably to
have agreed not to pursue such claim and agrees to execute any and all documents necessary to request dismissal or withdrawal of such claims; and 

  
 4 

 (k) if Participant resides outside the U.S., the following additional
provisions shall apply: 
 (i) the SAR and any Shares acquired under the Plan are not intended to replace any
pension rights or compensation; 
 (ii) the SAR and any Shares acquired under the Plan are not part of normal
or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement or welfare
benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Company, the Employer, or any Subsidiary; and 

(iii) in the event of Termination of Participant’s employment (whether or not in breach of local labor laws), any
right to vest in the option will terminate and any post-Termination exercise period will be measured as of the date of Participant’s Termination of active employment and will not be extended by any notice period mandated under local law (e.g.,
active employment would not include a period of “garden leave” or similar period pursuant to local law); the Committee shall have the exclusive discretion to determine when Participant is no longer providing active employment for purposes
of this SAR grant. 
 15. Data Privacy. If Participant resides outside the
U.S., Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of Participant’s personal data as described in this Agreement and any other SAR grant materials by and among, as
applicable, the Employer, the Company, its Subsidiaries and Parent for the exclusive purpose of implementing, administering and managing Participant’s participation in the Plan. 

Participant understands that the Company and the Employer may hold certain personal information about Participant,
including, but not limited to, Participant’s name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in the
Company, details of all SARs or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in Participant’s favor (“Data”), for the exclusive purpose of implementing, administering and
managing the Plan. 
 Participant understands that Data will be transferred to
                                         or such
other stock plan service provider as may be selected by the Company in the future, which is assisting the Company with the implementation, administration and management of the Plan. Participant understands that the recipients of the Data may be
located in the United States or elsewhere, and that the recipient’s country (e.g., the United States) may have different data privacy laws and protections than Participant’s country. Participant understands that Participant may request a
list with the names and addresses of any potential recipients of the Data by contacting Participant’s local human resources representative. Participant authorizes the Company,
                                         and any
other possible recipients which may assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purposes of
implementing, administering and managing Participant’s participation in the Plan. Participant understands that Data will be held only as long as is necessary to implement, administer and manage Participant’s participation in the Plan.
Participant understands that Participant may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without
cost, by contacting in writing Participant’s local human resources representative. Participant understands, however, that refusing or withdrawing Participant’s consent may affect Participant’s ability to participate in the Plan. For
more information on the consequences 

  
 5 

 
of Participant’s refusal to consent or withdrawal of consent, Participant understands that Participant may contact Participant’s local human resources representative.

 16. No Advice Regarding Grant. The Company is not providing any tax, legal or financial
advice, nor is the Company making any recommendations regarding Participant’s participation in the Plan, or Participant’s acquisition or sale of the underlying Shares. Participant is hereby advised to consult with Participant’s own
personal tax, legal and financial advisors regarding participation in the Plan before taking any action related to the Plan. 
 17. Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means. Participant
hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company. 

18. Language. If Participant has received this Agreement, or any other document related to the SAR and/or
the Plan translated into a language other than English and if the meaning of the translated version is different than the English version, the English version will control. 

19. Appendix. Notwithstanding any provisions in this Agreement, the SAR grant shall be subject to any
special terms and conditions set forth in any Appendix to this Agreement for Participant’s country of residence. Moreover, if Participant relocates to one of the countries included in the Appendix, the special terms and conditions for such
country will apply to Participant, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix
constitutes part of this Agreement. 
 20. Imposition of Other Requirements. The Company reserves
the right to impose other requirements on Participant’s participation in the Plan, on the SAR and on any Shares purchased upon exercise of the SAR, to the extent the Company determines it is necessary or advisable in order to comply with local
law or facilitate the administration of the Plan, and to require Participant to sign any additional agreements or undertakings that may be necessary to accomplish the forgoing. 
 *  *  *  *  * 
 By
Participant’s signature and the signature of the Company’s representative on the Notice, Participant and the Company agree that this SAR is granted under and governed by the terms and conditions of the Plan, the Notice and this Agreement.
Participant has reviewed the Plan, the Notice and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing the Notice, and fully understands all provisions of the Plan, the Notice and this
Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions relating to the Plan, the Notice and the Agreement. Participant further agrees to notify the Company
upon any change in the residence address indicated on the Notice. 

  
 6 

 APPENDIX TO THE 

GLOBAL STOCK APPRECIATION RIGHT AWARD AGREEMENT UNDER THE 
 SILVER SPRING NETWORKS, INC. 
 2012 EQUITY INCENTIVE PLAN 

Terms and Conditions 
 This Appendix includes additional terms and conditions that govern the SAR granted to Participant under the Silver Spring Networks, Inc. (the “Company”) 2012 Equity Incentive Plan
(the “Plan”) if Participant resides in one of the countries listed below. Capitalized terms used but not defined in this Appendix have the meanings set forth in the Plan, the Notice of Stock Appreciation Right Award (the
“Notice”) and/or the Global Stock Appreciation Right Award Agreement (the “Agreement”). 

Notifications 

This Appendix also includes information regarding exchange controls and certain other issues of which Participant should be aware with
respect to his or her participation in the Plan. The information is based on the securities, exchange control and other laws in effect in the respective countries as of June 2012. Such laws are often complex and change frequently. As a result, the
Company strongly recommends that Participant not rely on the information in this Appendix as the only source of information relating to the consequences of Participant’s participation in the Plan because the information may be out of date at
the time that the SAR vests, Participant exercises his or her SAR, or Participant sells the Shares acquired upon exercise of the SAR under the Plan. 
 In addition, the information contained herein is general in nature and may not apply to Participant’s particular situation, and the Company is not in a position to assure Participant of a particular
result. 
 Accordingly, Participant is advised to seek appropriate professional advice as to how the relevant laws in
Participant’s country may apply to his or her situation. 
 Finally, if Participant is a citizen or resident of a country
other than the one in which he or she is currently working, transfers after the Date of Consent or is considered a resident of another country for local law purposes, the information contained herein may not be applicable to Participant and the
Company shall, in its discretion, determine to what extent the terms and conditions contained herein shall apply to Participant. 

AUSTRALIA 
 Terms
and Conditions 
 Exercise. This provision supplements Section 4 (“Exercise of SAR”) of the
Agreement: 
 Participant may not vest in nor exercise his or her SAR unless and until the Shares that are the subject of the
SAR are in the same class as securities which have been quoted on a financial market operated by Australian Stock Exchange Limited or an approved foreign market throughout a 12 month period immediately preceding the exercise date without suspension
for more than a total of two (2) trading days during that period in keeping with the Australia Securities and Investments Commission’s Class Order 03/184. 
 Once the Shares underlying the SARs have been quoted on a financial market for the 12 month period described above, and provided Participant continues to be employed by the Company or one of its

  
 7 

 
Subsidiaries, Participant will receive a vesting credit for that portion of the SAR that would have vested in accordance with the Vesting Schedule as of the date the 12 month period has been met
, and the remaining portion of the SAR will vest in accordance with the terms of the Agreement and the Vesting Schedule set forth in the Notice. 
 Furthermore, the Expiration Date of SAR shall be a date which is no greater than seven (7) years from the Date of Grant. Accordingly, notwithstanding Section 6 of the Agreement, the SAR may not
be exercised after the expiration of seven (7) years from the Date of Grant. 
 Notification 

Securities Law Notice. If Participant purchases Shares under the Plan and Participant offers such Shares for sale to a
person or entity resident in Australia, the offer may be subject to disclosure requirements under Australian law. Participant should obtain legal advice on Participant’s disclosure obligations prior to making any such offer. 

BRAZIL 
 Terms and
Conditions 
 Compliance with Law. By accepting the SAR, Participant acknowledges his or her agreement to
comply with applicable Brazilian laws and to pay any and all applicable taxes associated with the exercise of the SAR, the receipt of any dividends, and the sale of Shares acquired under the Plan. 

Notifications 

Exchange Control Information. If Participant is a resident or domiciled in Brazil, he or she will be required to submit an
annual declaration of assets and rights held outside of Brazil to the Central Bank of Brazil if the aggregate value of such assets and rights is equal to or greater than US$100,000 (approximately BRL156,600 as of June 2012). Assets and rights that
must be reported include Shares acquired under the Plan. 
 HONG KONG 

Terms and Conditions 
 Securities Law Compliance. To facilitate compliance with securities laws in Hong Kong, Participant agrees not to sell the Shares issued upon exercise of the SARs within six months from the
Date of Grant. 
 Notifications 
 Securities Law Notification. WARNING: This offer of SARs and the Shares to be issued upon exercise of the SARs do not constitute a
public offer of securities. The offer is available only to employees of the Company or a Subsidiary of the Company or under a small offering exemption to 50 or fewer offerees in Hong Kong over a 12-month period. The contents of the Agreement,
including this Appendix, and the Plan have not been reviewed by any regulatory authority in Hong Kong. Participant is advised to exercise caution in relation to the offer. If Participant has any doubt about any of the contents of the Agreement, this
Appendix, or the Plan, Participant should obtain independent professional advice. 
 Nature of Scheme. The
Company specifically intends that the Plan will not be an occupational retirement scheme for purposes of the Occupational Retirement Schemes Ordinance (“ORSO”). Notwithstanding the foregoing, if the Plan is deemed to constitute an
occupational retirement scheme for the purposes of ORSO, then Participant’s grant shall be void. 

  
 8 

 PORTUGAL 
 Notifications 
 Exchange Control Information. If
Participant acquires Shares under the Plan and does not hold the shares with a Portuguese financial intermediary, Participant may need to file a report with the Portuguese Central Bank. If the Shares are held by a Portuguese financial intermediary,
it will file the report for Participant. 
 UNITED KINGDOM 

Terms and Conditions 

Responsibility for Taxes. This provision supplements Section 7 (“Responsibility for Taxes”) of the Agreement:

 If payment or withholding of tax is not made within 90 days of the event giving rise to the Tax-Related Items (the
“Due Date”) or such other period specified in Section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act 2003, the amount of any uncollected tax will constitute a loan owed by Participant to the Employer,
effective on the Due Date. Participant agrees that the loan will bear interest at then-current Official Rate of Her Majesty’s Revenue and Customs (“HMRC”), it will be immediately due and repayable, and the Company or the
Employer may recover it at any time thereafter by any of the means referred to in Section 7 of the Agreement. Notwithstanding the foregoing, if Participant is a director or executive officer of the Company (within the meaning of
Section 13(k) of the U.S. Securities Exchange Act of 1934, as amended), Participant will not be eligible for such a loan to cover the taxes due. In the event that Participant is a director or executive officer and tax is not collected from or
paid by Participant by the Due Date, the amount of any uncollected tax will constitute a benefit to Participant on which additional income tax and National Insurance contributions will be payable. Participant will be responsible for reporting and
paying any income tax and National Insurance contributions due on this additional benefit directly to HMRC under the self-assessment regime. 
 In addition, Participant agrees that the Company and/or the Employer may calculate the Tax-Related Items to be withheld and accounted for by reference to the maximum applicable rates, without prejudice to
any right Participant may have to recover any overpayment from the relevant tax authorities. 

  
 9 

 SILVER SPRING NETWORKS, INC. 

2012 EQUITY INCENTIVE PLAN 
 NOTICE OF RESTRICTED STOCK UNIT AWARD 
 GRANT NUMBER:
             
 Unless otherwise defined herein, the terms
defined in the Silver Spring Networks, Inc. (the “Company”) 2012 Equity Incentive Plan (the “Plan”) shall have the same meanings in this Notice of Restricted Stock Unit Award (the
“Notice”). 
  

							
		 	 Name:
	  	  
	 	
				
		 	 Address:
	  	  
	 	

 You (“Participant”) have been granted an award of Restricted Stock Units
(“RSUs”) under the Plan subject to the terms and conditions of the Plan, this Notice and the attached Global Award Agreement (Restricted Stock Units), including the Appendix, which includes any applicable country-specific
provisions (together the “Agreement”). 
  

							
		 	Number of RSUs:	  	  
	  	
				
		 	Date of Grant:	  	  
	  	
				
		 	Vesting Commencement Date:	  	  
	  	
			
		 	Expiration Date:	  	 The date on which settlement of all RSUs granted hereunder occurs, with earlier expiration upon the Termination Date.

			
		 	Vesting Schedule: 	  	 Subject to the limitations set forth in this Notice, the Plan and the Agreement, the RSUs will vest in accordance with the following schedule:
[INSERT VESTING SCHEDULE]

 You understand that unless otherwise provided in an employment agreement, your employment or consulting
relationship or service with the Company or one of its Subsidiaries is for an unspecified duration, can be terminated at any time, and that nothing in this Notice, the Agreement or the Plan changes the nature of that relationship. You acknowledge
that the vesting of the RSUs pursuant to this Notice is earned only by continuing service as an Employee, Director or Consultant of the Company and any Subsidiary. You also understand that this Notice is subject to the terms and conditions of both
the Agreement and the Plan, both of which are incorporated herein by reference. You have read both the Agreement and the Plan. 
  

									
	PARTICIPANT	 		  	SILVER SPRING NETWORKS, INC.
					
	Signature:	 	  
	 		  	 By:
	  	  

					
	Print Name:	 	  
	 		  	 Its:
	  	  

 SILVER SPRING NETWORKS, INC. 

GLOBAL AWARD AGREEMENT (RESTRICTED STOCK UNITS) TO THE 
 SILVER SPRING NETWORKS, INC. 2012 EQUITY INCENTIVE PLAN 

Unless otherwise defined herein, the terms defined in the Silver Spring Networks, Inc. (the
“Company”) 2012 Equity Incentive Plan (the “Plan”) shall have the same defined meanings in this Global Award Agreement (Restricted Stock Units), including the Appendix, which includes any applicable
country-specific provisions (together the “Agreement”). 
 Participant has been granted Restricted Stock
Units (“RSUs”) subject to the terms, restrictions and conditions of the Plan, the Notice of Restricted Stock Unit Award (the “Notice”) and this Agreement. 

1. Settlement. Settlement of RSUs shall be made within 30 days following the applicable date of vesting under the
vesting schedule set forth in the Notice. Settlement of RSUs shall be in Shares. 
 2. No Stockholder Rights.
Unless and until such time as Shares are issued in settlement of vested RSUs, Participant shall have no ownership of the Shares allocated to the RSUs and shall have no right dividends or to vote such Shares. 

3. Dividend Equivalents. Dividends, if any (whether in cash or Shares), shall not be credited to Participant. 

4. No Transfer. The RSUs and any interest therein shall not be sold, assigned, transferred, pledged, hypothecated, or
otherwise disposed of. 
 5. Termination. If Participant’s service Terminates for any reason, all unvested
RSUs shall be forfeited to the Company forthwith, and all rights of Participant to such RSUs shall immediately terminate. In case of any dispute as to whether Termination has occurred, the Committee shall have sole discretion to determine whether
such Termination has occurred and the effective date of such Termination. 
 6. Responsibility for Taxes.
Regardless of any action the Company or Participant’s employer, if different, (the “Employer”) takes with respect to any or all income tax, social insurance, payroll tax, payment on account or other tax-related items
related to Participant’s participation in the Plan and legally applicable to Participant (“Tax-Related Items”), Participant acknowledges that the ultimate liability for all Tax-Related Items is and remains
Participant’s responsibility and may exceed the amount actually withheld by the Company or the Employer. Participant further acknowledges that the Company and/or the Employer (1) make no representations or undertakings regarding the
treatment of any Tax-Related Items in connection with any aspect of the RSU, including, but not limited to, the grant, vesting or settlement of the RSU, the issuance of Shares upon settlement of the RSU, the subsequent sale of Shares acquired
pursuant to such issuance and the receipt of any dividends; and (2) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the RSU to reduce or eliminate Participant’s liability for Tax-Related
Items or achieve any particular tax result. Further, if Participant has become subject to tax in more than one jurisdiction between the Date of Grant and the date of any relevant taxable or tax withholding event, as applicable, Participant
acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 

Prior to any relevant taxable or tax withholding event, as applicable, Participant will pay or make adequate arrangements
satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items. In this regard, Participant authorizes the Company and/or the Employer, or their respective agents, at their discretion, to satisfy the obligations with regard to all
Tax-Related Items by one or a combination of the following: (i) withholding from Participant’s wages or other cash compensation paid to Participant by the Company and/or the Employer; or (ii) withholding from proceeds of the sale of
Shares acquired upon vesting/settlement of the RSU either through a voluntary sale or through a mandatory sale arranged by the 

  
 1 

 
Company (on Participant’s behalf pursuant to this authorization); or (iii) withholding in Shares to be issued upon vesting/settlement of the RSU. If Participant is a Section 16
officer, then Participant may elect the form of withholding or the Committee may determine that a particular method be used to satisfy any Tax-Related Items withholding. 

To avoid negative accounting treatment, the Company may withhold or account for Tax-Related Items by considering
applicable minimum statutory withholding amounts or other applicable withholding rates. If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, Participant is deemed to have been issued the full number of
Shares subject to the vested RSU, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of Participant’s participation in the Plan. 

Finally, Participant shall pay to the Company or the Employer any amount of Tax-Related Items that the Company or the
Employer may be required to withhold or account for as a result of Participant’s participation in the Plan that cannot be satisfied by the means previously described. The Company may refuse to issue or deliver the Shares or the proceeds of the
sale of Shares, if Participant fails to comply with Participant’s obligations in connection with the Tax-Related Items. 

7. U.S. Tax Consequences. If Participant is subject to U.S. income tax, Participant acknowledges that there will be tax
consequences upon settlement of the RSUs or disposition of the Shares, if any, received in connection therewith, and Participant should consult a tax adviser regarding Participant’s tax obligations prior to such settlement or disposition. Upon
vesting of the RSU, Participant will include in income the fair market value of the Shares subject to the RSU. The included amount will be treated as ordinary income by Participant and will be subject to withholding by the Company when required by
applicable law. Upon disposition of the Shares, any subsequent increase or decrease in value will be treated as short-term or long-term capital gain or loss, depending on whether the Shares are held for more than one year from the date of
settlement. Further, an RSU may be considered a deferral of compensation that may be subject to Section 409A of the Code. Section 409A of the Code imposes special rules to the timing of making and effecting certain amendments of this RSU
with respect to distribution of any deferred compensation. Participant should consult with his or her personal tax advisor for more information on the actual and potential tax consequences of this RSU. 

8. Acknowledgement. The Company and Participant agree that the RSUs are granted under and governed by the Notice, this
Agreement and the provisions of the Plan. Participant: (i) acknowledges receipt of a copy of the Plan and the Plan prospectus, (ii) represents that Participant has carefully read and is familiar with their provisions, and (iii) hereby
accepts the RSUs subject to all of the terms and conditions set forth herein and those set forth in the Plan and the Notice. 

9. Entire Agreement; Enforcement of Rights. This Agreement, the Plan and the Notice constitute the entire agreement and
understanding of the parties relating to the subject matter herein and supersede all prior discussions between them. Any prior agreements, commitments or negotiations concerning the purchase of the Shares hereunder are superseded. No modification of
or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless in writing and signed by the parties to this Agreement. The failure by either party to enforce any rights under this Agreement shall not be
construed as a waiver of any rights of such party. 
 10.
Compliance with Laws and Regulations. The issuance of Shares will be subject to and conditioned upon compliance by the Company and Participant with all applicable local, foreign, state and federal laws and regulations
and with all applicable requirements of any exchange control authority and stock exchange or automated quotation system on which the Company’s Shares may be listed or quoted at the time of such issuance or transfer. 

11. Governing Law; Severability. If one or more provisions of this Agreement are held to be unenforceable under
applicable law, the parties agree to renegotiate such provision in good faith. In the event 

  
 2 

 
that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of
this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of this Agreement shall be enforceable in accordance with its terms. This Agreement and all acts and transactions pursuant hereto and the rights and
obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of California, without giving effect to principles of conflicts of law. 

For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by this grant or
the Agreement, the parties hereby submit to and consent to the exclusive jurisdiction of the State of California and agree that such litigation shall be conducted only in the courts of San Mateo, California, or the federal courts for the United
States for the Northern District of California and no other courts, where this grant is made and/or to be performed. 
 12.
No Rights as Employee, Director or Consultant. Nothing in this Agreement shall affect in any manner whatsoever the right or power of the Company, or a Parent or Subsidiary of the Company, to terminate Participant’s service, for any
reason, with or without cause. 
 13. Nature of Grant. In accepting the grant, Participant acknowledges,
understands and agrees that: 
 (a) the Plan is established voluntarily by the Company, it is discretionary in
nature and it may be modified, amended, suspended or terminated by the Company at any time; 
 (b) the grant of
the RSU is voluntary and occasional and does not create any contractual or other right to receive future grants of RSUs, or benefits in lieu of RSUs, even if RSUs have been granted repeatedly in the past; 

(c) all decisions with respect to future RSU grants, if any, will be at the sole discretion of the Company; 

(d) the RSU grant and Participant’s participation in the Plan will not be interpreted to form an employment or
service contract or relationship with the Company or any Subsidiary; 
 (e) Participant’s participation in
the Plan shall not create a right to further employment with the Employer and shall not interfere with the ability of the Employer to terminate Participant’s employment or service relationship (if any) at any time; 

(f) Participant is voluntarily participating in the Plan; 

(g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; 

(h) no claim or entitlement to compensation or damages shall arise from forfeiture of the RSUs resulting from Termination
of Participant’s employment by the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws and whether or not later found to be invalid), and in consideration of the grant of the RSUs to which
Participant is otherwise not entitled, Participant irrevocably agrees never to institute any claim against the Company or the Employer, waives his or her ability, if any, to bring any such claim, and releases the Company and the Employer from
any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, Participant shall be deemed irrevocably to have agreed not to pursue such claim and agrees to
execute any and all documents necessary to request dismissal or withdrawal of such claims; and 
 (i) if
Participant resides outside the U.S., the following additional provisions shall apply: 

  
 3 

 (i) the RSU and the Shares subject to the RSU are an extraordinary item
that does not constitute compensation of any kind for services of any kind rendered to the Company or the Employer, and which is outside the scope of Participant’s employment or service contract, if any; 

(ii) the RSU and the Shares subject to the RSU are not intended to replace any pension rights or compensation;

 (iii) the RSU and the Shares subject to the RSU are not part of normal or expected compensation or salary
for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments and in
no event should be considered as compensation for, or relating in any way to, past services for the Company, the Employer or any subsidiary or affiliate of the Company; and 

(iv) in the event of Termination of Participant’s employment (whether or not in breach of local labor laws and
whether or not later found to be invalid), Participant’s right to vest in the RSU under the Plan, if any, will terminate effective as of the date that Participant is no longer actively employed and will not be extended by any notice period
mandated under local law (e.g., active employment would not include a period of “garden leave” or similar period pursuant to local law); the Committee shall have the exclusive discretion to determine when Participant is no longer
actively employed for purposes of the RSU grant. 
 14. No Advice Regarding Grant. The Company is not providing
any tax, legal or financial advice, nor is the Company making any recommendations regarding Participant’s participation in the Plan, or Participant’s acquisition or sale of the underlying Shares. Participant is hereby advised to consult
with his or her own personal tax, legal and financial advisors regarding his or her participation in the Plan before taking any action related to the Plan. 
 15. Data Privacy. Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of Participant’s personal data as
described in this Agreement and any other RSU grant materials by and among, as applicable, the Employer, the Company, its Subsidiaries and Parent for the exclusive purpose of implementing, administering and managing Participant’s participation
in the Plan. 
 Participant understands that the Company and the Employer may hold certain
personal information about Participant, including, but not limited to, Participant’s name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of
stock or directorships held in the Company, details of all RSUs or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in Participant’s favor (“Data”), for the exclusive purpose of
implementing, administering and managing the Plan. 
 Participant understands that Data will be
transferred to
                                        , or such
other stock plan service provider as may be selected by the Company in the future, which is assisting the Company with the implementation, administration and management of the Plan. Participant understands that the recipients of the Data may be
located in the United States or elsewhere, and that the recipient’s country (e.g., the United States) may have different data privacy laws and protections than Participant’s country. Participant understands that he or she may request a
list with the names and addresses of any potential recipients of the Data by contacting his or her local human resources representative. Participant authorizes the Company,
                                         and any
other possible recipients which may assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of
implementing, administering and managing his or her participation in the Plan. Participant understands that Data will be held only as long as is necessary to implement, administer and manage Participant’s participation in the Plan. Participant
understands that he or she may, at any time, view Data, request additional information about the storage and processing of Data, 

  
 4 

 
require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing his or her local human resources representative. Participant
understands, however, that refusing or withdrawing his or her consent may affect Participant’s ability to participate in the Plan. For more information on the consequences of Participant’s refusal to consent or withdrawal of consent,
Participant understands that he or she may contact his or her local human resources representative. 
 16.
Language. If Participant has received this Agreement or any other document related to the Plan translated into a language other than English and if the meaning of the translated version is different than the English version, the
English version will control. 
 17. Electronic Delivery. The Company may, in its sole discretion, decide
to deliver any documents related to current or future participation in the Plan by electronic means. Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic
system established and maintained by the Company or a third party designated by the Company. 
 18.
Severability. The provisions of this Agreement are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and
enforceable. 
 19. Appendix. Notwithstanding any provisions in this Agreement, the RSU grant shall be
subject to any special terms and conditions set forth in any Appendix to this Agreement for Participant’s country of residence. Moreover, if Participant relocates to one of the countries included in the Appendix, the special terms and
conditions for such country will apply to Participant, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan.
The Appendix constitutes part of this Agreement. 
 20. Imposition of Other Requirements. The Company reserves the
right to impose other requirements on Participant’s participation in the Plan, on the RSU and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or
facilitate the administration of the Plan, and to require me to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 
 *  *  *  *  * 
 By
Participant’s signature and the signature of the Company’s representative on the Notice, Participant and the Company agree that this RSU is granted under and governed by the terms and conditions of the Plan, the Notice and this Agreement.
Participant has reviewed the Plan, the Notice and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement, and fully understands all provisions of the Plan, the Notice and this
Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions relating to the Plan, the Notice and this Agreement. Participant further agrees to notify the
Company upon any change in Participant’s residence address. 

  
 5 

 APPENDIX TO THE 

GLOBAL RESTRICTED STOCK UNITAWARD AGREEMENT UNDER THE 
 SILVER SPRING NETWORKS, INC. 
 2012 EQUITY INCENTIVE PLAN 

Terms and Conditions 
 This Appendix includes additional terms and conditions that govern the Restricted Stock Units (“RSUs”) granted to Participant under the Silver Spring Networks, Inc. (the
“Company”) 2012 Equity Incentive Plan (the “Plan”) if Participant resides in one of the countries listed below. Capitalized terms used but not defined in this Appendix have the meanings set forth in
the Plan, the Notice of Restricted Stock Unit Award (the “Notice”) and/or the Global Award Agreement (Restricted Stock Units) (the “Agreement”). 

Notifications 

This Appendix also includes information regarding exchange controls and certain other issues of which Participant should be aware with
respect to his or her participation in the Plan. The information is based on the securities, exchange control and other laws in effect in the respective countries as of June 2012. Such laws are often complex and change frequently. As a result, the
Company strongly recommends that Participant not rely on the information in this Appendix as the only source of information relating to the consequences of Participant’s participation in the Plan because the information may be out of date at
the time that the RSU vests and Shares are issued or Participant sells the Shares issued at vesting under the Plan. 
 In
addition, the information contained herein is general in nature and may not apply to Participant’s particular situation, and the Company is not in a position to assure Participant of a particular result. 

Accordingly, Participant is advised to seek appropriate professional advice as to how the relevant laws in Participant’s country may
apply to his or her situation. 
 Finally, if Participant is a citizen or resident of a country other than the one in which he
or she is currently working, transfers after the Date of Grant or is considered a resident of another country for local law purposes, the information contained herein may not be applicable to Participant and the Company shall, in its discretion,
determine to what extent the terms and conditions contained herein shall apply to Participant. 
 AUSTRALIA 

Terms and Conditions 
 Vesting and Settlement of Shares. Notwithstanding anything to the contrary in the Notice, the Agreement, or the Plan, the RSUs will not vest in accordance with the Vesting Schedule unless
and until the Shares underlying the RSUs are of the same class of securities which have been quoted on a financial market operated by Australian Stock Exchange Limited or an approved foreign market throughout the 12 month period immediately
preceding the vest date without suspension for more than a total of two (2) trading days during that period in keeping with the Australia Securities and Investments Commission’s Class Order 03/184. 

Once the Shares underlying the RSUs have been quoted on a financial market for the 12 month period described above, and provided
Participant continues to be employed by the Company or one of its Subsidiaries, Participant will receive a vesting credit for that portion of the RSUs that would have vested in accordance with the Vesting Schedule as of the date the 12 month period
has been met, and the remaining portion of the RSUs will vest in accordance with the Vesting Schedule and the Agreement. 

  
 6 

 Notification 
 Securities Law Notice. If Participant acquires Shares under the Plan and Participant offers such Shares for sale to a person or entity resident in Australia, the offer may be subject to
disclosure requirements under Australian law. Participant should obtain legal advice on Participant’s disclosure obligations prior to making any such offer. 
 BRAZIL 
 Terms and Conditions 

Compliance with Law. By accepting the RSUs, Participant acknowledges his or her agreement to comply with applicable
Brazilian laws and to pay any and all applicable taxes associated with the vesting of RSUs, the receipt of any dividends, and the sale of Shares acquired under the Plan. 
 Exchange Control Information. If Participant is a resident or domiciled in Brazil, he or she will be required to submit an annual declaration of assets and rights held outside of Brazil to
the Central Bank of Brazil if the aggregate value of such assets and rights is equal to or greater than US$100,000 (approximately BRL156,600 as of June 2012). Assets and rights that must be reported include Shares acquired upon vesting of the RSUs.

 HONG KONG 
 Terms and Conditions 
 Securities Law
Notification. The offer of the RSUs and the Shares subject to the RSUs do not constitute a public offering of securities under Hong Kong law. The offer is available only to employees of the Company or its Subsidiaries
participating in the Plan or under a small offering exemption to 50 or fewer offerees in Hong Kong over a 12-month period. Participant should be aware that the contents of the Agreement have not been prepared in accordance with and are not intended
to constitute a “prospectus” for a public offering of securities under the applicable securities legislation in Hong Kong. Nor have the documents been reviewed by any regulatory authority in Hong Kong. The RSUs are intended only for the
personal use of each Participant and may not be distributed to any other person. Participant is advised to exercise caution in relation to the offer. If Participant is in any doubt about any of the contents of the Agreement, including this Appendix,
or the Plan, Participant should obtain independent professional advice. 
 Payable Only in Shares.
Notwithstanding any discretion in the Plan, the grant of RSUs does not provide any right for Participant to receive a cash payment, and the RSUs are payable in Shares only. 
 Sale of Shares. In the event the RSUs vest within six months of the Date of Grant, Participant agrees that he or she will not dispose of the Shares acquired prior to the six-month
anniversary of the Date of Grant. 
 Occupational Retirement Schemes Ordinance Alert. The Company specifically
intends that neither the Award nor the Plan will be an occupational retirement scheme for purposes of the Occupational Retirement Schemes Ordinance (“ORSO”). 
 PORTUGAL 
 Notification 

Exchange Control Information. If Participant does not hold the Shares acquired at vesting of the RSUs with a
Portuguese financial intermediary, Participant may need to file a report with the Portuguese Central Bank. If the Shares are held by a Portuguese financial intermediary, then it will file the report for Participant. 

  
 7 

 UNITED KINGDOM 
 Terms and Conditions 
 Responsibility for Taxes. This provision
supplements Section 6 of the Agreement: 
 If payment or withholding of tax is not made within ninety (90) days of the
event giving rise to the tax (the “Due Date”) or such other period specified in Section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act 2003, the amount of any uncollected tax will constitute a loan owed by
Participant to the Employer, effective on the Due Date. Participant agrees that the loan will bear interest at the then-current Official Rate of Her Majesty’s Revenue and Customs (“HMRC”), it will be immediately due and
repayable, and the Company or the Employer may recover it at any time thereafter by any of the means referred to in Section 6 of the Agreement. Notwithstanding the foregoing, if Participant is a director or executive officer of the Company
(within the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended), Participant will not be eligible for such a loan to cover the taxes due. In the event that Participant is a director or executive officer and tax
is not collected from or paid by Participant by the Due Date, the amount of any uncollected tax will constitute a benefit to Participant on which additional income tax and National Insurance contributions be payable. Participant will be responsible
for reporting and paying any income tax and National Insurance contributions due on this additional benefit directly to HMRC under the self-assessment regime. 

  
 8 

 SILVER SPRING NETWORKS, INC. 

2012 EQUITY INCENTIVE PLAN 
 NOTICE OF PERFORMANCE SHARES AWARD 
 GRANT NUMBER:
             
 Unless otherwise defined herein, the terms
defined in the Silver Spring Networks, Inc. (the “Company”) 2012 Equity Incentive Plan (the “Plan”) shall have the same meanings in this Notice of Performance Shares Award (the
“Notice”). 
  

							
		 	Name:	 	  
	 	
				
		 	Address:	 	  
	 	

 You (“Participant”) have been granted an award of Performance Shares under the
Plan subject to the terms and conditions of the Plan, this Notice and the attached Global Performance Shares Award Agreement including the Appendix, which includes any applicable country-specific provisions (together the
“Agreement”). 
  

							
		 	Number of Shares:	  	  
	  	
				
		 	Date of Grant:	  	  
	  	
				
		 	Vesting Commencement Date:	  	  
	  	
			
		 	Expiration Date:	  	 The date on which all the Shares granted hereunder become vested, with earlier expiration upon the Termination Date

			
		 	Vesting Schedule:	  	 Subject to the limitations set forth in this Notice, the Plan and the Agreement, the Shares will vest in accordance with the following schedule:
[INSERT VESTING SCHEDULE]

 You understand that unless otherwise provided in an employment agreement, your employment or consulting
relationship or service with the Company or one of its Subsidiaries is for an unspecified duration, can be terminated at any time, and that nothing in this Notice, the Agreement or the Plan changes the nature of that relationship. You acknowledge
that the vesting pursuant to this Notice is earned only upon the applicable certification of attainment of the requisite Performance Factors enumerated above while still in service as an Employee, Director or Consultant of the Company. You also
understand that this Notice is subject to the terms and conditions of both the Agreement and the Plan, both of which are incorporated herein by reference. Participant has read both the Agreement and the Plan. 

 

									
	PARTICIPANT	 		  	SILVER SPRING NETWORKS, INC.
					
	 Print Name:
	 	  
	 		  	 Its:
	 	  

					
	 Signature:
	 	  
	 		  	 By:
	 	  

 SILVER SPRING NETWORKS, INC. 

GLOBAL PERFORMANCE SHARES AWARD AGREEMENT TO THE 
 SILVER SPRING NETWORKS, INC. 2012 EQUITY INCENTIVE PLAN 
 Unless otherwise
defined herein, the terms defined in the Silver Spring Networks, Inc. (the “Company”) 2012 Equity Incentive Plan (the “Plan”) shall have the same defined meanings in this Global Performance
Shares Award Agreement, including the Appendix, which includes any applicable country-specific provisions (together the “Agreement”). 
 Participant has been granted a Performance Shares Award (“Performance Shares Award”) subject to the terms, restrictions and conditions of the Plan, the Notice of Performance Shares
Award (“Notice”) and this Agreement. 
 1. Settlement. Performance Shares shall be settled
in Shares and the Company’s transfer agent shall record ownership of such Shares in Participant’s name as soon as reasonably practicable after achievement of the Performance Factors enumerated in the Notice. 

2. Stockholder Rights. Participant shall have no right to dividends or to vote Shares until Participant is recorded as the
holder of such Shares on the stock records of the Company and its transfer agent. 
 3. No-Transfer.
Participant’s interest in this Performance Shares Award shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of. 
 4. Termination. Upon Participant’s Termination for any reason, all of Participant’s rights under the Plan, this Agreement and the Notice in respect of this Award shall immediately
terminate. In case of any dispute as to whether Termination has occurred, the Committee shall have sole discretion to determine whether such Termination has occurred and the effective date of such Termination. 

5. Responsibility for Taxes. Participant acknowledges that there may be tax consequences arising out of the grant or
vesting of the Performance Share Award and issuance of the Shares, and Participant should consult a tax adviser regarding Participant’s tax obligations prior to such settlement or disposition. Regardless of any action the Company or
Participant’s employer, if different, (the “Employer”) takes with respect to any or all income tax, social insurance, payroll tax, payment on account or other tax-related items related to Participant’s participation
in the Plan and legally applicable to Participant (“Tax-Related Items”), Participant acknowledges that the ultimate liability for all Tax-Related Items is and remains Participant’s responsibility and may exceed the
amount actually withheld by the Company or the Employer. Participant further acknowledges that the Company and/or the Employer (1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any
aspect of the Performance Shares Award, including, but not limited to, the grant, vesting or settlement of the Performance Shares Award, the issuance of Shares upon settlement of the Performance Shares Award, the subsequent sale of Shares acquired
pursuant to such issuance and the receipt of any dividends; and (2) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the Performance Shares Award to reduce or eliminate Participant’s
liability for Tax-Related Items or achieve any particular tax result. Further, if Participant has become subject to tax in more than one jurisdiction between the Date of Grant and the date of any relevant taxable or tax withholding event, as
applicable, Participant acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 

Prior to any relevant taxable or tax withholding event, as applicable, Participant will pay or make adequate arrangements
satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items. In this regard, Participant authorizes the Company and/or the Employer, or their respective agents, at their discretion, to satisfy the obligations with regard to all
Tax-Related Items by withholding a number of 

  
 1 

 
Shares with a fair market value (determined on the date the Shares are issued) equal to the minimum amount the Company is required to withhold for Tax-Related Items. To the extent such net share
withholding results in negative tax or accounting treatment, the Company shall withhold by one or more of the following alternative methods: (i) withholding from Participant’s wages or other cash compensation paid to Participant by the
Company and/or the Employer; or (ii) withholding from proceeds of the sale of Shares acquired upon vesting/settlement of the Performance Shares Award either through a voluntary sale or through a mandatory sale arranged by the Company (on
Participant’s behalf pursuant to this authorization). 
 If the obligation for Tax-Related Items is
satisfied by withholding in Shares, for tax purposes, Participant is deemed to have been issued the full number of Shares subject to the vested Performance Shares Award, notwithstanding that a number of the Shares are held back solely for the
purpose of paying the Tax-Related Items due as a result of any aspect of Participant’s participation in the Plan. 
 Finally, Participant shall pay to the Company or the Employer any amount of Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of Participant’s
participation in the Plan that cannot be satisfied by the means previously described. The Company may refuse to issue or deliver the Shares or the proceeds of the sale of Shares, if Participant fails to comply with Participant’s obligations in
connection with the Tax-Related Items. 
 6. U.S. Tax Consequences. If Participant is subject to U.S. income tax,
upon vesting of the Shares, Participant will include in income the fair market value of the Shares. The included amount will be treated as ordinary income by Participant and will be subject to withholding by the Company when required by applicable
law. Upon disposition of the Shares, any subsequent increase or decrease in value will be treated as short-term or long-term capital gain or loss, depending on whether the Shares are held for more than one year from the date of issuance. 

7. Acknowledgement. The Company and Participant agree that the Performance Shares Award is granted under and governed by
the Notice, this Agreement and by the provisions of the Plan (incorporated herein by reference). Participant: (i) acknowledges receipt of a copy of the Plan and the Plan prospectus, (ii) represents that Participant has carefully read and
is familiar with their provisions, and (iii) hereby accepts the Performance Shares Award subject to all of the terms and conditions set forth herein and those set forth in the Plan, this Agreement and the Notice. 

8. Entire Agreement; Enforcement of Rights. This Agreement, the Plan and the Notice constitute the entire agreement and
understanding of the parties relating to the subject matter herein and supersede all prior discussions between them. Any prior agreements, commitments or negotiations concerning the purchase of the Shares hereunder are superseded. No modification of
or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless in writing and signed by the parties to this Agreement. The failure by either party to enforce any rights under this Agreement shall not be
construed as a waiver of any rights of such party. 
 9. Compliance with Laws and Regulations.
The issuance of Shares will be subject to and conditioned upon compliance by the Company and Participant with all applicable local, foreign, state and federal laws and regulations and with all applicable requirements of any exchange control
authority and stock exchange or automated quotation system on which the Company’s Shares may be listed or quoted at the time of such issuance or transfer. 
 10. Governing Law; Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such provision in
good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of this Agreement shall be
interpreted as if such provision were so excluded and (iii) the balance of this Agreement shall be 

  
 2 

 
enforceable in accordance with its terms. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and
interpreted in accordance with the laws of the State of California, without giving effect to principles of conflicts of law. 
 For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by this grant or the Agreement, the parties hereby submit to and consent to the
exclusive jurisdiction of the State of California and agree that such litigation shall be conducted only in the courts of San Mateo, California, or the federal courts for the United States for the Northern District of California and no other courts,
where this grant is made and/or to be performed. 
 11. No Rights as Employee, Director or Consultant. Nothing in
this Agreement shall affect in any manner whatsoever the right or power of the Company, or a Parent or Subsidiary of the Company, to terminate Participant’s service, for any reason, with or without cause. 

12. Nature of Grant. In accepting the grant, Participant acknowledges, understands and agrees that: 

(a) the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended,
suspended or terminated by the Company at any time; 
 (b) the grant of the Performance Shares Award is
voluntary and occasional and does not create any contractual or other right to receive future grants of Performance Shares Award, or benefits in lieu of Performance Shares Award, even if Performance Shares Award have been granted repeatedly in the
past; 
 (c) all decisions with respect to future Performance Shares Award, if any, will be at the sole
discretion of the Company; 
 (d) the Performance Shares Award and Participant’s participation in the Plan
will not be interpreted to form an employment or service contract or relationship with the Company or any Subsidiary; 
 (e) Participant’s participation in the Plan shall not create a right to further employment with the Employer and shall not interfere with the ability of the Employer to terminate Participant’s
employment or service relationship (if any) at any time; 
 (f) Participant is voluntarily participating in the
Plan; 
 (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty;

 (h) no claim or entitlement to compensation or damages shall arise from forfeiture of the Performance Shares
Award resulting from Termination of Participant’s employment by the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws and whether or not later found to be invalid), and in consideration of the
grant of the Performance Shares Award to which Participant is otherwise not entitled, Participant irrevocably agrees never to institute any claim against the Company or the Employer, waives his or her ability, if any, to bring any such claim,
and releases the Company and the Employer from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, Participant shall be deemed irrevocably to have
agreed not to pursue such claim and agrees to execute any and all documents necessary to request dismissal or withdrawal of such claims; and 
 (i) if Participant resides outside the U.S., the following additional provisions shall apply: 

  
 3 

 (i) the Performance Shares Award and the Shares subject to the Performance
Shares Award are an extraordinary item that does not constitute compensation of any kind for services of any kind rendered to the Company or the Employer, and which is outside the scope of Participant’s employment or service contract, if any;

 (ii) the Performance Shares Award and the Shares subject to the Performance Shares Award are not intended to
replace any pension rights or compensation; 
 (iii) the Performance Shares Award and the Shares subject to the
Performance Shares Award are not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses,
long-service awards, pension or retirement or welfare benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Company, the Employer or any subsidiary or affiliate of the
Company; and 
 (iv) in the event of Termination of Participant’s employment (whether or not in breach of
local labor laws and whether or not later found to be invalid), Participant’s right to vest in the Performance Shares Award under the Plan, if any, will terminate effective as of the date that Participant is no longer actively employed and will
not be extended by any notice period mandated under local law (e.g., active employment would not include a period of “garden leave” or similar period pursuant to local law); the Committee shall have the exclusive discretion to
determine when Participant is no longer actively employed for purposes of the Performance Shares Award. 
 13. No Advice
Regarding Grant. The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding Participant’s participation in the Plan, or Participant’s acquisition or sale of the
underlying Shares. Participant is hereby advised to consult with his or her own personal tax, legal and financial advisors regarding his or her participation in the Plan before taking any action related to the Plan. 

14. Data Privacy. Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in
electronic or other form, of Participant’s personal data as described in this Agreement and any other Performance Shares Award grant materials by and among, as applicable, the Employer, the Company, its Subsidiaries and Parent for the exclusive
purpose of implementing, administering and managing Participant’s participation in the Plan. 

Participant understands that the Company and the Employer may hold certain personal information about Participant,
including, but not limited to, Participant’s name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in the
Company, details of all Performance Shares Award or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in Participant’s favor (“Data”), for the exclusive purpose of implementing,
administering and managing the Plan. 
 Participant understands that Data will be transferred to
                                        , or such
other stock plan service provider as may be selected by the Company in the future, which is assisting the Company with the implementation, administration and management of the Plan. Participant understands that the recipients of the Data may be
located in the United States or elsewhere, and that the recipients’ country (e.g., the United States) may have different data privacy laws and protections than Participant’s country. Participant understands that he or she may request a
list with the names and addresses of any potential recipients of the Data by contacting his or her local human resources representative. Participant authorizes the Company,
                                         and any
other possible recipients which may assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole

  
 4 

 
purpose of implementing, administering and managing his or her participation in the Plan. Participant understands that Data will be held only as long as is necessary to implement, administer and
manage Participant’s participation in the Plan. Participant understands that he or she may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or
withdraw the consents herein, in any case without cost, by contacting in writing his or her local human resources representative. Participant understands, however, that refusing or withdrawing his or her consent may affect Participant’s ability
to participate in the Plan. For more information on the consequences of Participant’s refusal to consent or withdrawal of consent, Participant understands that he or she may contact his or her local human resources representative.

 15. Language. If Participant has received this Agreement or any other document related to the Plan
translated into a language other than English and if the meaning of the translated version is different than the English version, the English version will control. 
 16. Electronic Delivery. the Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means. Participant
hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company. 

17. Severability. The provisions of this Agreement are severable and if any one or more provisions are determined to be
illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 
 18. Appendix. Notwithstanding any provisions in this Agreement, the Performance Shares Award shall be subject to any special terms and conditions set forth in any Appendix to this Agreement
for Participant’s country of residence. Moreover, if Participant relocates to one of the countries included in the Appendix, the special terms and conditions for such country will apply to Participant, to the extent the Company determines that
the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this Agreement. 

19. Imposition of Other Requirements. The Company reserves the right to impose other requirements on Participant’s
participation in the Plan, on the Performance Shares Award and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan,
and to require me to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 

*  *  *  *  * 
 By Participant’s signature and the signature of the Company’s representative on the Notice, Participant and the Company agree that this Performance Shares Award is granted under and governed by
the terms and conditions of the Plan, the Notice and this Agreement. Participant has reviewed the Plan, the Notice and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement, and
fully understands all provisions of the Plan, the Notice and this Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions relating to the Plan, the Notice
and this Agreement. Participant further agrees to notify the Company upon any change in Participant’s residence address. 

  
 5 

 APPENDIX TO THE 

GLOBAL PERFORMANCE SHARES AWARD AGREEMENT UNDER THE 
 SILVER SPRING NETWORKS, INC. 
 2012 EQUITY INCENTIVE PLAN 

Terms and Conditions 
 This Appendix includes additional terms and conditions that govern the Performance Shares Award granted to Participant under the Silver Spring Networks, Inc. (the “Company”) 2012
Equity Incentive Plan (the “Plan”) if Participant resides in one of the countries listed below. Capitalized terms used but not defined in this Appendix have the meanings set forth in the Plan, the Notice of Restricted Stock
Unit Award (the “Notice”) and/or the Global Performance Shares Award Agreement (the “Agreement”). 
 Notifications 
 This Appendix also includes information regarding
exchange controls and certain other issues of which Participant should be aware with respect to his or her participation in the Plan. The information is based on the securities, exchange control and other laws in effect in the respective countries
as of June 2012. Such laws are often complex and change frequently. As a result, the Company strongly recommends that Participant not rely on the information in this Appendix as the only source of information relating to the consequences of
Participant’s participation in the Plan because the information may be out of date at the time that the Performance Shares Award vests and Shares are issued or Participant sells the Shares issued at vesting under the Plan. 

In addition, the information contained herein is general in nature and may not apply to Participant’s particular situation, and the
Company is not in a position to assure Participant of a particular result. 
 Accordingly, Participant is advised to seek
appropriate professional advice as to how the relevant laws in Participant’s country may apply to his or her situation. 

Finally, if Participant is a citizen or resident of a country other than the one in which he or she is currently working, transfers after
the Date of Grant or is considered a resident of another country for local law purposes, the information contained herein may not be applicable to Participant and the Company shall, in its discretion, determine to what extent the terms and
conditions contained herein shall apply to Participant. 
 AUSTRALIA 

Terms and Conditions 
 Vesting and Settlement of Shares. Notwithstanding anything to the contrary in the Notice, the Agreement, or the Plan, the Performance Shares Award will not vest in accordance with the
Vesting Schedule unless and until the Shares underlying the Performance Shares Award are of the same class of securities which have been quoted on a financial market operated by Australian Stock Exchange Limited or an approved foreign market
throughout the 12 month period immediately preceding the vest date without suspension for more than a total of two (2) trading days during that period in keeping with the Australia Securities and Investments Commission’s Class Order
03/184. 
 Once the Shares underlying the Performance Shares Award have been quoted on a financial market for the 12 month
period described above, and provided Participant continues to be employed by the Company or one of its Subsidiaries, Participant will receive a vesting credit for that portion of the Performance Shares Award that would have vested in accordance with
the Vesting Schedule as of the date the 12 

  
 6 

 
month period has been met, and the remaining portion of the Performance Shares Award will vest in accordance with the Vesting Schedule and the Agreement. 

Notification 

Securities Law Notice. If Participant acquires Shares under the Plan and Participant offers such Shares for sale to a person
or entity resident in Australia, the offer may be subject to disclosure requirements under Australian law. Participant should obtain legal advice on Participant’s disclosure obligations prior to making any such offer. 

BRAZIL 
 Terms and
Conditions 
 Compliance with Law. By accepting the Performance Shares Award, Participant acknowledges his
or her agreement to comply with applicable Brazilian laws and to pay any and all applicable taxes associated with the vesting of Performance Shares Award, the receipt of any dividends, and the sale of Shares acquired under the Plan. 

Exchange Control Information. If Participant is a resident or domiciled in Brazil, he or she will be required to submit an
annual declaration of assets and rights held outside of Brazil to the Central Bank of Brazil if the aggregate value of such assets and rights is equal to or greater than US$100,000 (approximately BRL156,600 as of June 2012). Assets and rights that
must be reported include Shares acquired upon vesting of the Performance Shares Award. 
 HONG KONG

 Terms and Conditions 
 Securities Law Notification. The offer of the Performance Shares Award and the Shares subject to the Performance Shares Award do not constitute a public offering of
securities under Hong Kong law. The offer is available only to employees of the Company or its Subsidiaries participating in the Plan or under a small offering exemption to 50 or fewer offerees in Hong Kong over a 12-month period. Participant should
be aware that the contents of the Agreement have not been prepared in accordance with and are not intended to constitute a “prospectus” for a public offering of securities under the applicable securities legislation in Hong Kong. Nor have
the documents been reviewed by any regulatory authority in Hong Kong. The Performance Shares Award is intended only for the personal use of each Participant and may not be distributed to any other person. Participant is advised to exercise caution
in relation to the offer. If Participant is in any doubt about any of the contents of the Agreement, including this Appendix, or the Plan, Participant should obtain independent professional advice. 

Payable Only in Shares. Notwithstanding any discretion in the Plan, the grant of Performance Shares Award does not provide
any right for Participant to receive a cash payment, and the Performance Shares Award are payable in Shares only. 
 Sale
of Shares. In the event the Performance Shares Award vests within six months of the Date of Grant, Participant agrees that he or she will not dispose of the Shares acquired prior to the six-month anniversary of the Date of Grant. 

Occupational Retirement Schemes Ordinance Alert. The Company specifically intends that neither the Award nor the Plan will
be an occupational retirement scheme for purposes of the Occupational Retirement Schemes Ordinance (“ORSO”). 

  
 7 

 PORTUGAL 
 Notification 
 Exchange Control Information.
If Participant does not hold the Shares acquired at vesting of the Performance Shares Award with a Portuguese financial intermediary, Participant may need to file a report with the Portuguese Central Bank. If the Shares are held by a
Portuguese financial intermediary, then it will file the report for Participant. 
 UNITED KINGDOM

 Terms and Conditions 
 Responsibility for Taxes. This provision supplements Section 6 of the Agreement: 
 If payment or withholding of tax is not made within ninety (90) days of the event giving rise to the tax (the “Due Date”) or such other period specified in
Section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act 2003, the amount of any uncollected tax will constitute a loan owed by Participant to the Employer, effective on the Due Date. Participant agrees that the loan will bear
interest at the then-current Official Rate of Her Majesty’s Revenue and Customs (“HMRC”), it will be immediately due and repayable, and the Company or the Employer may recover it at any time thereafter by any of the
means referred to in Section 6 of the Agreement. Notwithstanding the foregoing, if Participant is a director or executive officer of the Company (within the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as
amended), Participant will not be eligible for such a loan to cover the taxes due. In the event that Participant is a director or executive officer and tax is not collected from or paid by Participant by the Due Date, the amount of any uncollected
tax will constitute a benefit to Participant on which additional income tax and National Insurance contributions be payable. Participant will be responsible for reporting and paying any income tax and National Insurance contributions due on this
additional benefit directly to HMRC under the self-assessment regime. 

  
 8 

 SILVER SPRING NETWORKS, INC. 

2012 EQUITY INCENTIVE PLAN 
 NOTICE OF STOCK BONUS AWARD 
 GRANT NUMBER:
             
 Unless otherwise defined herein, the terms
defined in the Silver Spring Networks, Inc. (the “Company”) 2012 Equity Incentive Plan (the “Plan”) shall have the same meanings in this Notice of Stock Bonus Award (the
“Notice”). 
  

					
	 Name:
	 	  
	 	
			
	 Address:
	 	  
	 	

 You (“Participant”) have been granted an award of Shares under the Plan subject
to the terms and conditions of the Plan, this Notice, and the attached Global Stock Bonus Award Agreement, including the Appendix, which includes any applicable country-specific provisions (together the “Agreement”).

  

					
	 Number of Shares:
	 	  
	  	
			
	 Date of Grant:
	 	  
	  	
			
	 Vesting Commencement Date:
	 	  
	  	
		
	 Expiration Date:
	 	 The date on which all the Shares granted hereunder become vested, with earlier expiration upon the Termination Date.

		
	 Vesting Schedule:
	 	 Subject to the limitations set forth in this Notice, the Plan and the Agreement, the Shares will vest in accordance with the following schedule:
[INSERT VESTING SCHEDULE]

 You understand that unless otherwise provided in an employment agreement, your employment or consulting
relationship or service with the Company or one of its Subsidiaries is for an unspecified duration, can be terminated at any time (i.e., at will), and that nothing in this Notice, the Agreement or the Plan changes the at will nature of that
relationship. You acknowledge that the vesting of the Shares pursuant to this Notice is earned only by continuing service as an Employee, Director or Consultant of the Company or any Subsidiary. You also understand that this Notice is subject to the
terms and conditions of both the Agreement and the Plan, both of which are incorporated herein by reference. You have read both the Agreement and the Plan. 
  

									
	 PARTICIPANT
	 		 	 SILVER SPRING NETWORKS, INC.

					
	 Signature:
	 	  
	 		 	 By:
	 	  

					
	 Print Name:
	 	  
	 		 	 Its:
	 	  

 SILVER SPRING NETWORKS, INC. 

GLOBAL STOCK BONUS AWARD AGREEMENT 
 SILVER SPRING NETWORKS, INC. 2012 EQUITY INCENTIVE PLAN 
 Unless otherwise
defined herein, the terms defined in the Silver Spring Networks, Inc. (the “Company”) 2012 Equity Incentive Plan (the “Plan”) shall have the same defined meanings in this Global Stock Bonus Agreement,
including the Appendix, which includes any applicable country-specific provisions (together the “Agreement”). 
 Participant has been granted a Stock Bonus Award (“Stock Bonus Award”) subject to the terms, restrictions and conditions of the Plan, the Notice of Stock Bonus Award (the
“Notice”) and this Agreement. 
 1. Issuance. Stock Bonus Awards shall be issued in
Shares, and the Company’s transfer agent shall record ownership of such Shares in Participant’s name as soon as reasonably practicable. 
 2. Stockholder Rights. Participant shall have no right to dividends or to vote Shares until Participant is recorded as the holder of such Shares on the stock records of the Company and its
transfer agent. 
 3. No-Transfer. Unvested Shares, and unvested Stock Bonus Awards, and any interest in either
shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of by Participant or any person whose interest derives from Participant’s interest. “Unvested Shares” are Shares that have not yet
vested pursuant to the terms of the vesting schedule set forth in the Notice. 
 4. Termination. Upon
Participant’s Termination for any reason, all Unvested Shares shall immediately be forfeited to the Company, and all rights of Participant to such Unvested Shares shall immediately terminate as of Participant’s Termination Date. In case of
any dispute as to whether Termination has occurred, the Committee shall have sole discretion to determine whether such Termination has occurred and the effective date of such Termination. 

5. Responsibility for Taxes. Regardless of any action the Company or Participant’s employer, if different, (the
“Employer”) takes with respect to any or all income tax, social insurance, payroll tax, payment on account or other tax-related items related to Participant’s participation in the Plan and legally applicable to
Participant (“Tax-Related Items”), Participant acknowledges that the ultimate liability for all Tax-Related Items is and remains Participant’s responsibility and may exceed the amount actually withheld by the Company or
the Employer. Participant further acknowledges that the Company and/or the Employer (1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Stock Bonus Award, including,
but not limited to, the grant and vesting of the Stock Bonus Award, the issuance of Shares, the subsequent sale of Shares acquired pursuant to such issuance and the receipt of any dividends; and (2) do not commit to and are under no obligation
to structure the terms of the grant or any aspect of the Stock Bonus Award to reduce or eliminate Participant’s liability for Tax-Related Items or achieve any particular tax result. Further, if Participant has become subject to tax in more than
one jurisdiction between the Date of Grant and the date of any relevant taxable or tax withholding event, as applicable, Participant acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or
account for Tax-Related Items in more than one jurisdiction. 
 Prior to any relevant taxable or tax withholding
event, as applicable, Participant will pay or make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items. In this regard, Participant authorizes the Company and/or the Employer, or their respective
agents, at their 

  
 1 

 
discretion, to satisfy the obligations with regard to all Tax-Related Items by withholding a number of Shares with a fair market value (determined on the date the Shares are issued) equal to the
minimum amount the Company is required to withhold for Tax-Related Items. To the extent net Share withholding results in negative tax or accounting treatment, the Company shall withhold by one or more of the following alternative methods:
(i) withholding from Participant’s wages or other cash compensation paid to Participant by the Company and/or the Employer; or (ii) withholding from proceeds of the sale of Shares acquired upon vesting of the Stock Bonus Award either
through a voluntary sale or through a mandatory sale arranged by the Company (on Participant’s behalf pursuant to this authorization). 
 If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, Participant is deemed to have been issued the full number of Shares subject to the vested Stock Bonus
Award, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of Participant’s participation in the Plan. 

Finally, Participant shall pay to the Company or the Employer any amount of Tax-Related Items that the Company or the
Employer may be required to withhold or account for as a result of Participant’s participation in the Plan that cannot be satisfied by the means previously described. The Company may refuse to issue or release the Shares or the proceeds of the
sale of Shares, if Participant fails to comply with Participant’s obligations in connection with the Tax-Related Items. 

6. U.S. Tax Consequences. If Participant is subject to U.S. income tax, upon vesting of Shares, Participant will include in
taxable income the difference between the fair market value of the vesting Shares, as determined on the date of their vesting, and the price paid for the Shares. This will be treated as ordinary income by Participant and will be subject to
withholding by the Company when required by applicable law. Before any Shares subject to this Agreement are issued the Company shall withhold a number of Shares with a fair market value (determined on the date the Shares are issued) equal to the
minimum amount the Company is required to withhold for income and employment taxes. Upon disposition of the Shares, any subsequent increase or decrease in value will be treated as short-term or long-term capital gain or loss, depending on whether
the Shares are held for more than one year from the date of settlement. 
 7. Acknowledgement. The Company and
Participant agree that the Stock Bonus Award is granted under and governed by the Notice, this Agreement and by the provisions of the Plan (incorporated herein by reference). Participant: (i) acknowledges receipt of a copy of the Plan and the
Plan prospectus, (ii) represents that Participant has carefully read and is familiar with their provisions, and (iii) hereby accepts the Stock Bonus Award subject to all of the terms and conditions set forth herein and those set forth in
the Plan, this Agreement and the Notice. 
 8. Entire Agreement; Enforcement of Rights. This Agreement, the Plan
and the Notice constitute the entire agreement and understanding of the parties relating to the subject matter herein and supersede all prior discussions between them. Any prior agreements, commitments or negotiations concerning the purchase of the
Shares hereunder are superseded. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless in writing and signed by the parties to this Agreement. The failure by either party to
enforce any rights under this Agreement shall not be construed as a waiver of any rights of such party. 
 9.
Compliance with Laws and Regulations. The issuance of Shares will be subject to and conditioned upon compliance by the Company and Participant with all applicable local, foreign, state and federal laws and regulations
and with all applicable requirements of any exchange control authority or stock exchange or automated quotation system on which the Company’s Shares may be listed or quoted at the time of such issuance or transfer. 

  
 2 

 10. Governing Law; Severability. If one or more provisions of this
Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then
(i) such provision shall be excluded from this Agreement, (ii) the balance of this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of this Agreement shall be enforceable in accordance with
its terms. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of California, without giving effect
to principles of conflicts of law. 
 For purposes of litigating any dispute that arises directly or indirectly
from the relationship of the parties evidenced by this grant or the Agreement, the parties hereby submit to and consent to the exclusive jurisdiction of the State of California and agree that such litigation shall be conducted only in the courts of
San Mateo, California, or the federal courts for the United States for the Northern District of California and no other courts, where this grant is made and/or to be performed. 

11. No Rights as Employee, Director or Consultant. Nothing in this Agreement shall affect in any manner
whatsoever the right or power of the Company, or a Parent or Subsidiary of the Company, to terminate
Purchaser’s service, for any reason, with or without
cause. 
 12. Nature of Grant. In accepting the grant, Participant acknowledges, understands and agrees that:

 (a) the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified,
amended, suspended or terminated by the Company at any time; 
 (b) the grant of the Stock Bonus Award is
voluntary and occasional and does not create any contractual or other right to receive future grants of Stock Bonus Award, or benefits in lieu of Stock Bonus Award, even if Stock Bonus Award have been granted repeatedly in the past; 

(c) all decisions with respect to future Stock Bonus Award, if any, will be at the sole discretion of the Company;

 (d) the Stock Bonus Award and Participant’s participation in the Plan will not be interpreted to form an
employment or service contract or relationship with the Company or any Subsidiary; 
 (e) Participant’s
participation in the Plan shall not create a right to further employment with the Employer and shall not interfere with the ability of the Employer to terminate Participant’s employment or service relationship (if any) at any time; 

(f) Participant is voluntarily participating in the Plan; 

(g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; 

(h) no claim or entitlement to compensation or damages shall arise from forfeiture of the Stock Bonus Award resulting
from Termination of Participant’s employment by the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws and whether or not later found to be invalid), and in consideration of the grant of the
Stock Bonus Award to which Participant is otherwise not entitled, Participant irrevocably agrees never to institute any claim against the Company or the Employer, waives his or her ability, if any, to bring any such claim, and releases the
Company and the Employer from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, Participant shall be deemed irrevocably to have agreed not to pursue
such claim and agrees to execute any and all documents necessary to request dismissal or withdrawal of such claims; and 

  
 3 

 (i) if Participant resides outside the U.S., the following additional
provisions shall apply: 
 (i) the Stock Bonus Award and the Shares subject to the Stock Bonus Award are an
extraordinary item that does not constitute compensation of any kind for services of any kind rendered to the Company or the Employer, and which is outside the scope of Participant’s employment or service contract, if any; 

(ii) the Stock Bonus Award and the Shares subject to the Stock Bonus Award are not intended to replace any pension
rights or compensation; 
 (iii) the Stock Bonus Award and the Shares subject to the Stock Bonus Award are not
part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or
retirement or welfare benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Company, the Employer or any subsidiary or affiliate of the Company; and 

(iv) in the event of Termination of Participant’s employment (whether or not in breach of local labor laws and
whether or not later found to be invalid), Participant’s right to vest in the Stock Bonus Award under the Plan, if any, will terminate effective as of the date that Participant is no longer actively employed and will not be extended by any
notice period mandated under local law (e.g., active employment would not include a period of “garden leave” or similar period pursuant to local law); the Committee shall have the exclusive discretion to determine when Participant
is no longer actively employed for purposes of the Stock Bonus Award. 
 13. No Advice Regarding Grant. The
Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding Participant’s participation in the Plan, or Participant’s acquisition or sale of the underlying Shares. Participant is
hereby advised to consult with his or her own personal tax, legal and financial advisors regarding his or her participation in the Plan before taking any action related to the Plan. 

14. Data Privacy. Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in
electronic or other form, of Participant’s personal data as described in this Agreement and any other Stock Bonus Award grant materials by and among, as applicable, the Employer, the Company, its Subsidiaries and Parent for the exclusive
purpose of implementing, administering and managing Participant’s participation in the Plan. 

Participant understands that the Company and the Employer may hold certain personal information about Participant,
including, but not limited to, Participant’s name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in the
Company, details of all Stock Bonus Award or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in Participant’s favor (“Data”), for the exclusive purpose of implementing,
administering and managing the Plan. 
 Participant understands that Data will be transferred to
                                        , or such
other stock plan service provider as may be selected by the Company in the future, which is assisting the Company with the implementation, administration and management of the Plan. Participant understands that the recipients of the Data may be
located in the United States or elsewhere, and that the recipients’ country (e.g., the United States) may have different data privacy laws and protections than Participant’s country. Participant understands that he or she may request a
list with the names and addresses of any potential recipients of the Data by contacting his or her local human resources representative. 

  
 4 

 
Participant authorizes the Company,
                                         and any
other possible recipients which may assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of
implementing, administering and managing his or her participation in the Plan. Participant understands that Data will be held only as long as is necessary to implement, administer and manage Participant’s participation in the Plan. Participant
understands that he or she may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by
contacting in writing his or her local human resources representative. Participant understands, however, that refusing or withdrawing his or her consent may affect Participant’s ability to participate in the Plan. For more information on the
consequences of Participant’s refusal to consent or withdrawal of consent, Participant understands that he or she may contact his or her local human resources representative. 

15. Language. If Participant has received this Agreement or any other document related to the Plan translated into a
language other than English and if the meaning of the translated version is different than the English version, the English version will control. 
 16. Electronic Delivery. the Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means. Participant
hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company. 

17. Severability. The provisions of this Agreement are severable and if any one or more provisions are determined to be
illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 
 18. Appendix. Notwithstanding any provisions in this Agreement, the Stock Bonus Award shall be subject to any special terms and conditions set forth in any Appendix to this Agreement for
Participant’s country of residence. Moreover, if Participant relocates to one of the countries included in the Appendix, the special terms and conditions for such country will apply to Participant, to the extent the Company determines that the
application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this Agreement. 

19. Imposition of Other Requirements. The Company reserves the right to impose other requirements on Participant’s
participation in the Plan, on the Stock Bonus Award and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to
require me to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 

*  *  *  *  * 

By Participant’s signature and the signature of the Company’s representative on the Notice, Participant and the
Company agree that this Stock Bonus Award is granted under and governed by the terms and conditions of the Plan, the Notice and this Agreement. Participant has reviewed the Plan, the Notice and this Agreement in their entirety, has had an
opportunity to obtain the advice of counsel prior to executing this Agreement, and fully understands all provisions of the Plan, the Notice and this Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions or
interpretations of the Committee upon any questions relating to the Plan, the Notice and this Agreement. Participant further agrees to notify the Company upon any change in Participant’s residence address. 

  
 5 

 APPENDIX TO THE 

GLOBAL STOCK BONUS AWARD AGREEMENT UNDER THE 
 SILVER SPRING NETWORKS, INC. 
 2012 EQUITY INCENTIVE PLAN 

Terms and Conditions 
 This Appendix includes additional terms and conditions that govern the Stock Bonus Award granted to Participant under the Silver Spring Networks, Inc. (the “Company”) 2012 Equity
Incentive Plan (the “Plan”) if Participant resides in one of the countries listed below. Capitalized terms used but not defined in this Appendix have the meanings set forth in the Plan, the Notice of Restricted Stock Unit
Award (the “Notice”) and/or the Global Stock Bonus Award Agreement (the “Agreement”). 

Notifications 

This Appendix also includes information regarding exchange controls and certain other issues of which Participant should be aware with
respect to his or her participation in the Plan. The information is based on the securities, exchange control and other laws in effect in the respective countries as of June 2012. Such laws are often complex and change frequently. As a result, the
Company strongly recommends that Participant not rely on the information in this Appendix as the only source of information relating to the consequences of Participant’s participation in the Plan because the information may be out of date at
the time that Shares are issued and Shares or Stock Bonus Awards vest. 
 In addition, the information contained herein is
general in nature and may not apply to Participant’s particular situation, and the Company is not in a position to assure Participant of a particular result. 
 Accordingly, Participant is advised to seek appropriate professional advice as to how the relevant laws in Participant’s country may apply to his or her situation. 

Finally, if Participant is a citizen or resident of a country other than the one in which he or she is currently working, transfers after
the Date of Grant or is considered a resident of another country for local law purposes, the information contained herein may not be applicable to Participant and the Company shall, in its discretion, determine to what extent the terms and
conditions contained herein shall apply to Participant. 
 AUSTRALIA 

Terms and Conditions 
 Vesting of Stock Bonus Award and the Shares. Notwithstanding anything to the contrary in the Notice, the Agreement, or the Plan, the Stock Bonus Award will not vest in accordance with the
Vesting Schedule unless and until the Shares underlying the Stock Bonus Award are of the same class of securities which have been quoted on a financial market operated by Australian Stock Exchange Limited or an approved foreign market throughout the
12 month period immediately preceding the vest date without suspension for more than a total of two (2) trading days during that period in keeping with the Australia Securities and Investments Commission’s Class Order 03/184. 

Once the Shares underlying the Stock Bonus Award have been quoted on a financial market for the 12 month period described above, and
provided Participant continues to be employed by the Company or one of its Subsidiaries, Participant will receive a vesting credit for that portion of the Stock Bonus Award that would have vested in accordance with the Vesting Schedule as of the
date the 12 month period has been 

  
 6 

 
met, and the remaining portion of the Stock Bonus Award will vest in accordance with the Vesting Schedule and the Agreement. 
 Notification 
 Securities Law Notice. If Participant
acquires Shares under the Plan and Participant offers such Shares for sale to a person or entity resident in Australia, the offer may be subject to disclosure requirements under Australian law. Participant should obtain legal advice on
Participant’s disclosure obligations prior to making any such offer. 
 BRAZIL 

Terms and Conditions 
 Compliance with Law. By accepting the Stock Bonus Award, Participant acknowledges his or her agreement to comply with applicable Brazilian laws and to pay any and all applicable taxes
associated with the vesting of Stock Bonus Award and the Shares, the receipt of any dividends, and the sale of Shares acquired under the Plan. 
 Exchange Control Information. If Participant is a resident or domiciled in Brazil, he or she will be required to submit an annual declaration of assets and rights held outside of Brazil to
the Central Bank of Brazil if the aggregate value of such assets and rights is equal to or greater than US$100,000 (approximately BRL156,600 as of June 2012). Assets and rights that must be reported include Shares acquired upon vesting of the Stock
Bonus Award. 
 HONG KONG 
 Terms and Conditions 
 Securities Law
Notification. The offer of the Stock Bonus Award and the Shares subject to the Stock Bonus Award do not constitute a public offering of securities under Hong Kong law. The offer is available only to employees of the Company
or its Subsidiaries participating in the Plan or under a small offering exemption to 50 or fewer offerees in Hong Kong over a 12-month period. Participant should be aware that the contents of the Agreement have not been prepared in accordance with
and are not intended to constitute a “prospectus” for a public offering of securities under the applicable securities legislation in Hong Kong. Nor have the documents been reviewed by any regulatory authority in Hong Kong. The Stock Bonus
Award is intended only for the personal use of each Participant and may not be distributed to any other person. Participant is advised to exercise caution in relation to the offer. If Participant is in any doubt about any of the contents of the
Agreement, including this Appendix, or the Plan, Participant should obtain independent professional advice. 
 Payable
Only in Shares. Notwithstanding any discretion in the Plan, the grant of Stock Bonus Award does not provide any right for Participant to receive a cash payment, and the Stock Bonus Award are payable in Shares only. 

Sale of Shares. In the event the Stock Bonus Award vests within six months of the Date of Grant, Participant agrees that he
or she will not dispose of the Shares acquired prior to the six-month anniversary of the Date of Grant. 
 Occupational
Retirement Schemes Ordinance Alert. The Company specifically intends that neither the Award nor the Plan will be an occupational retirement scheme for purposes of the Occupational Retirement Schemes Ordinance
(“ORSO”). 

  
 7 

 PORTUGAL 
 Notification 
 Exchange Control Information.
If Participant does not hold the Shares acquired at vesting of the Stock Bonus Award with a Portuguese financial intermediary, Participant may need to file a report with the Portuguese Central Bank. If the Shares are held by a Portuguese
financial intermediary, then it will file the report for Participant. 
 UNITED KINGDOM 

Terms and Conditions 

Responsibility for Taxes. This provision supplements Section 5 of the Agreement: 

If payment or withholding of tax is not made within ninety (90) days of the event giving rise to the tax (the “Due
Date”) or such other period specified in Section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act 2003, the amount of any uncollected tax will constitute a loan owed by Participant to the Employer, effective on the Due
Date. Participant agrees that the loan will bear interest at the then-current Official Rate of Her Majesty’s Revenue and Customs (“HMRC”), it will be immediately due and repayable, and the Company or the Employer may
recover it at any time thereafter by any of the means referred to in Section 5 of the Agreement. Notwithstanding the foregoing, if Participant is a director or executive officer of the Company (within the meaning of Section 13(k) of the
U.S. Securities and Exchange Act of 1934, as amended), Participant will not be eligible for such a loan to cover the taxes due. In the event that Participant is a director or executive officer and tax is not collected from or paid by Participant by
the Due Date, the amount of any uncollected tax will constitute a benefit to Participant on which additional income tax and National Insurance contributions be payable. Participant will be responsible for reporting and paying any income tax and
National Insurance contributions due on this additional benefit directly to HMRC under the self-assessment regime. 

  
 8

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