Document:

EX-10.21

 Exhibit 10.21 

RIGETTI & CO, INC. 

2013 EQUITY INCENTIVE PLAN 

1. Purposes of the Plan. The purposes of this Plan are: 
  

	 	•	 	 to attract and retain the best available personnel for positions of substantial responsibility,

  

	 	•	 	 to provide additional incentive to Employees, Directors and Consultants, and 

 

	 	•	 	 to promote the success of the Company’s business. 

The Plan permits the grant of Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock and Restricted
Stock Units. 
 2. Definitions. As used herein, the following definitions will apply: 

(a) “Administrator” means the Board or any of its Committees as will be administering the Plan, in accordance with
Section 4. 
 (b) “Applicable Laws “ means the requirements relating to the administration of equity-based
awards under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and the applicable laws of any foreign country or jurisdiction where
Awards are, or will be, granted under the Plan. 
 (c) “Award” means, individually or collectively, a grant under the
Plan of Options, Stock Appreciation Rights, Restricted Stock, or Restricted Stock Units. 
 (d) “Award Agreement”
means the written or electronic agreement setting forth the terms and provisions applicable to each Award granted under the Plan. The Award Agreement is subject to the terms and conditions of the Plan. 

(e) “Board” means the Board of Directors of the Company. 

(f) “Change in Control” means the occurrence of any of the following events: 

(i) Change in Ownership of the Company. A change in the ownership of the Company which occurs on the date that any one person,
or more than one person acting as a group (“Person “), acquires ownership of the stock of the Company that, together with the stock held by such Person, constitutes more than 50% of the total voting power of the stock of the
Company, except that any change in the ownership of the stock of the Company as a result of a private financing of the Company that is approved by the Board will not be considered a Change in Control; or 

 (ii) Change in Effective Control of the Company. If the Company has a class
of securities registered pursuant to Section 12 of the Exchange Act, a change in the effective control of the Company which occurs on the date that a majority of members of the Board is replaced during any twelve (12) month period by Directors
whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election. For purposes of this clause (ii), if any Person is considered to be in effective control of the Company, the
acquisition of additional control of the Company by the same Person will not be considered a Change in Control; or 
 (iii) Change in
Ownership of a Substantial Portion of the Company’s Assets. A change in the ownership of a substantial portion of the Company’s assets which occurs on the date that any Person acquires (or has acquired during the twelve
(12) month period ending on the date of the most recent acquisition by such person or persons) assets from the Company that have a total gross fair market value equal to or more than 50% of the total gross fair market value of all of the assets
of the Company immediately prior to such acquisition or acquisitions. For purposes of this subsection (iii), gross fair market value means the value of the assets of the Company, or the value of the assets being disposed of, determined without
regard to any liabilities associated with such assets. 
 For purposes of this Section 2(f), persons will be considered to be acting
as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company. 

Notwithstanding the foregoing, a transaction will not be deemed a Change in Control unless the transaction qualifies as a change in control
event within the meaning of Code Section 409A, as it has been and may be amended from time to time, and any proposed or final Treasury Regulations and Internal Revenue Service guidance that has been promulgated or may be promulgated thereunder
from time to time. 
 Further and for the avoidance of doubt, a transaction will not constitute a Change in Control if: (i) its sole
purpose is to change the jurisdiction of the Company’s incorporation, or (ii) its sole purpose is to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s securities
immediately before such transaction. 
 (g) “Code” means the Internal Revenue Code of 1986, as amended. Any reference
to a section of the Code herein will be a reference to any successor or amended section of the Code. 
 (h)
“Committee” means a committee of Directors or of other individuals satisfying Applicable Laws appointed by the Board, or by the compensation committee of the Board, in accordance with Section 4 hereof. 

(i) “Common Stock” means the common stock of the Company. 

(j) “Company” means Rigetti & Co, Inc., a Delaware corporation, or any successor thereto. 

(k) “Consultant” means any person, including an advisor, engaged by the Company or a Parent or Subsidiary to render
services to such entity. 
 (l) “Director” means a member of the Board. 

(m) “Disability” means total and permanent disability as defined in Code Section 22(e)(3), provided that in the
case of Awards other than Incentive Stock Options, the Administrator in its discretion may determine whether a permanent and total disability exists in accordance with uniform and non-discriminatory standards
adopted by the Administrator from time to time. 

  
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 (n) “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. 

(o) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

(p) “Exchange Program “ means a program under which (i) outstanding Awards are surrendered or cancelled in
exchange for Awards of the same type (which may have higher or lower exercise prices and different terms), Awards of a different type, and/or cash, (ii) Participants would have the opportunity to transfer any outstanding Awards to a financial
institution or other person or entity selected by the Administrator, and/or (iii) the exercise price of an outstanding Award is reduced or increased. The Administrator will determine the terms and conditions of any Exchange Program in its sole
discretion. 
 (q) “Fair Market Value “ means, as of any date, the value of Common Stock determined as follows: 

(i) If the Common Stock is listed on any established stock exchange or a national market system, including without limitation the Nasdaq
Global Select Market, the Nasdaq Global Market or the Nasdaq Capital Market of The Nasdaq Stock Market, its Fair Market Value will be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange
or system on the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; 

(ii) If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, the Fair Market Value of a
Share will be the mean between the high bid and low asked prices for the Common Stock on the day of determination (or, if no bids and asks were reported on that date, as applicable, on the last trading date such bids and asks were reported), as
reported in The Wall Street Journal or such other source as the Administrator deems reliable; or 
 (iii) In the absence of an
established market for the Common Stock, the Fair Market Value will be determined in good faith by the Administrator. 
 (r)
“Incentive Stock Option “ means an Option that by its terms qualifies and is otherwise intended to qualify as an incentive stock option within the meaning of Code Section 422 and the regulations promulgated thereunder.

 (s) “Nonstatutory Stock Option “ means an Option that by its terms does not qualify or is not intended to qualify
as an Incentive Stock Option. 
 (t) “Option “ means a stock option granted pursuant to the Plan. 

(u) “Parent” means a “parent corporation,” whether now or hereafter existing, as defined in Code
Section 424(e). 
 (v) “Participant” means the holder of an outstanding Award. 

(w) “Period of Restriction “ means the period during which the transfer of Shares of Restricted Stock are subject to
restrictions and therefore, the Shares are subject to a substantial risk of forfeiture. Such restrictions may be based on the passage of time, the achievement of target levels of performance, or the occurrence of other events as determined by the
Administrator. 

  
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 (x) “Plan” means this 2013 Equity Incentive Plan. 

(y) “Restricted Stock” means Shares issued pursuant to an Award of Restricted Stock under Section 8, or issued
pursuant to the early exercise of an Option. 
 (z) “Restricted Stock Unit” means a bookkeeping entry representing an
amount equal to the Fair Market Value of one Share, granted pursuant to Section 9. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company. 

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

(bb) “Service Provider” means an Employee, Director or Consultant. 

(cc) “Share” means a share of the Common Stock, as adjusted in accordance with Section 13. 

(dd) “Stock Appreciation Right” means an Award, granted alone or in connection with an Option, that pursuant to
Section 7 is designated as a Stock Appreciation Right. 
 (ee) “Subsidiary” means a “subsidiary
corporation,” whether now or hereafter existing, as defined in Code Section 424(f). 
 3. Stock Subject to the Plan. 

(a) Stock Subject to the Plan. Subject to the provisions of Section 13, the maximum aggregate number of Shares that may be
subject to Awards and sold under the Plan is 1,200,000 Shares. The Shares may be authorized but unissued, or reacquired Common Stock. 
 (b)
Lapsed Awards. If an Award expires or becomes unexercisable without having been exercised in full, is surrendered pursuant to an Exchange Program, or, with respect to Restricted Stock or Restricted Stock Units, is forfeited to or
repurchased by the Company due to the failure to vest, the unpurchased Shares (or for Awards other than Options or Stock Appreciation Rights the forfeited or repurchased Shares) which were subject thereto will become available for future grant or
sale under the Plan (unless the Plan has terminated). With respect to Stock Appreciation Rights, only Shares actually issued pursuant to a Stock Appreciation Right will cease to be available under the Plan; all remaining Shares under Stock
Appreciation Rights will remain available for future grant or sale under the Plan (unless the Plan has terminated). Shares that have actually been issued under the Plan under any Award will not be returned to the Plan and will not become available
for future distribution under the Plan; provided, however, that if Shares issued pursuant to Awards of Restricted Stock or Restricted Stock Units are repurchased by the Company or are forfeited to the Company due to the failure to vest, such
Shares will become available for future grant 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. 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. Notwithstanding the foregoing and, subject to adjustment as provided in
Section 13, the maximum number of Shares that may be issued upon the exercise of Incentive Stock Options will equal the aggregate Share number stated in Section 3(a), plus, to the extent allowable under Code Section 422 and the
Treasury Regulations promulgated thereunder, any Shares that become available for issuance under the Plan pursuant to Section 3(b). 

  
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 (c) Share Reserve. The Company, during the term of this Plan, will at all
times reserve and keep available such number of Shares as will be sufficient to satisfy the requirements of the Plan. 
 4.
Administration of the Plan. 
 (a) Procedure. 

(i) Multiple Administrative Bodies. Different Committees with respect to different groups of Service Providers may administer
the Plan. 
 (ii) Other Administration. Other than as provided above, the Plan will be administered by (A) the Board or
(B) a Committee, which Committee will be constituted to satisfy Applicable Laws. 
 (b) Powers of the Administrator.
Subject to the provisions of the Plan, and in the case of a Committee, subject to the specific duties delegated by the Board to such Committee, the Administrator will have the authority, in its discretion: 

(i) to determine the Fair Market Value; 

(ii) to select the Service Providers to whom Awards may be granted hereunder; 

(iii) to determine the number of Shares to be covered by each Award granted hereunder; 

(iv) to approve forms of Award Agreements for use under the Plan; 

(v) to determine the 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 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 Administrator will determine; 

(vi) to institute and determine the terms and conditions of an Exchange Program; 

(vii) to construe and interpret the terms of the Plan and Awards granted pursuant to the Plan; 

(viii) to prescribe, amend and rescind rules and regulations relating to the Plan, including rules and regulations relating to sub-plans established for the purpose of satisfying applicable foreign laws or for qualifying for favorable tax treatment under applicable foreign laws; 

(ix) to modify or amend each Award (subject to Section 18(c)), including but not limited to the discretionary authority to extend the
post-termination exercisability period of Awards and to extend the maximum term of an Option (subject to Section 6(d)); 

  
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 (x) to allow Participants to satisfy withholding tax obligations in a manner prescribed in
Section 14; 
 (xi) to authorize any person to execute on behalf of the Company any instrument required to effect the grant of an Award
previously granted by the Administrator; 
 (xii) to allow a Participant to defer the receipt of the payment of cash or the delivery of
Shares that otherwise would be due to such Participant under an Award; and 
 (xiii) to make all other determinations deemed necessary or
advisable for administering the Plan. 
 (c) Effect of Administrator’s Decision. The Administrator’s decisions,
determinations and interpretations will be final and binding on all Participants and any other holders of Awards. 
 5.
Eligibility. Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, and Restricted Stock Units may be granted to Service Providers. Incentive Stock Options may be granted only to Employees. 

6. Stock Options. 
 (a)
Grant of Options. Subject to the terms and provisions of the Plan, the Administrator, at any time and from time to time, may grant Options in such amounts as the Administrator, in its sole discretion, will determine. 

(b) Option Agreement. Each Award of an Option will be evidenced by an Award Agreement that will specify the exercise price, the
term of the Option, the number of Shares subject to the Option, the exercise restrictions, if any, applicable to the Option, and such other terms and conditions as the Administrator, in its sole discretion, will determine. 

(c) Limitations. Each Option will be designated in the Award Agreement as either an Incentive Stock Option or a Nonstatutory
Stock Option. Notwithstanding such designation, however, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options 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 Nonstatutory Stock Options. For purposes of this Section 6(c), Incentive Stock Options 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, and calculation will be performed in accordance with Code Section 422
and Treasury Regulations promulgated thereunder. 
 (d) Term of Option. The term of each Option will be stated in the Award
Agreement; provided, however , that the term will be no more than ten (10) years from the date of grant thereof. In the case of an Incentive Stock Option granted to a Participant who, at the time the Incentive Stock Option is granted, owns
stock representing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the Incentive Stock Option will be five (5) years from the date of grant or such
shorter term as may be provided in the Award Agreement. 

  
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 (e) Option Exercise Price and Consideration. 

(i) Exercise Price. The per Share exercise price for the Shares to be issued pursuant to the exercise of an Option will be
determined by the Administrator, but will be no less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant. In addition, in the case of an Incentive Stock Option granted to an Employee who owns stock representing
more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the per Share exercise price will be no less than one hundred ten percent (110%) of the Fair Market Value per Share on the date of
grant. Notwithstanding the foregoing provisions of this Section 6(e)(i), Options may be granted with a per Share exercise price of less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant pursuant to a
transaction described in, and in a manner consistent with, Code Section 424(a). 
 (ii) Waiting Period and Exercise
Dates. At the time an Option is granted, the Administrator will fix the period within which the Option may be exercised and will determine any conditions that must be satisfied before the Option may be exercised. 

(iii) Form of Consideration. The Administrator will determine the acceptable form of consideration for exercising an Option,
including the method of payment. In the case of an Incentive Stock Option, the Administrator will determine the acceptable form of consideration at the time of grant. Such consideration may consist entirely of: (1) cash, (2) check,
(3) promissory note, to the extent permitted by Applicable Laws, (4) other Shares, provided that such Shares have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which such Option will
be exercised and provided further that accepting such Shares will not result in any adverse accounting consequences to the Company, as the Administrator determines in its sole discretion, (5) consideration received by the Company under cashless
exercise program (whether through a broker or otherwise) implemented by the Company in connection with the Plan, (6) by net exercise, (7) such other consideration and method of payment for the issuance of Shares to the extent permitted by
Applicable Laws, or (8) any combination of the foregoing methods of payment. In making its determination as to the type of consideration to accept, the Administrator will consider if acceptance of such consideration may be reasonably expected
to benefit the Company. 
 (f) Exercise of Option. 

(i) Procedure for Exercise; Rights as a Stockholder. Any Option granted hereunder will be exercisable according to the terms of
the Plan and at such times and under such conditions as determined by the Administrator 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 Administrator 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 tax withholding). Full payment may consist of any consideration and
method of payment authorized by the Administrator 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 or, if requested by the Participant, in the name of the
Participant and his or her spouse. 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 subject to an Option, 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 13. 

  
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 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. 
 (ii)
Termination of Relationship as a Service Provider. If a Participant ceases to be a Service Provider, other than upon the Participant’s termination as the result of the Participant’s death or Disability, the Participant may
exercise his or her Option within such period of time as is specified in the Award Agreement (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement) to the extent that the Option is vested on the
date of termination. In the absence of a specified time in the Award Agreement, the Option shall remain exercisable for three (3) months following the Participant’s termination. Unless otherwise provided by the Administrator, if on the
date of termination the Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will revert to the Plan. If after termination the Participant does not exercise his or her Option within the
time specified by the Administrator, the Option will terminate, and the Shares covered by such Option will revert to the Plan. 
 (iii)
Disability of Participant. If a Participant ceases to be a Service Provider as a result of the Participant’s Disability, the Participant may exercise his or her Option within such period of time as is specified in the Award
Agreement (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement) to the extent the Option is vested on the date of termination. In the absence of a specified time in the Award Agreement, the Option
shall remain exercisable for twelve (12) months following the Participant’s termination. Unless otherwise provided by the Administrator, if on the date of termination the Participant is not vested as to his or her entire Option, the Shares
covered by the unvested portion of the Option will revert to the Plan. If after termination the Participant does not exercise his or her Option within the time specified herein, the Option will terminate, and the Shares covered by such Option will
revert to the Plan. 
 (iv) Death of Participant. If a Participant dies while a Service Provider, the Option may be exercised
within such period of time as is specified in the Award Agreement (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement) to the extent that the Option is vested on the date of death, by the
Participant’s designated beneficiary, provided such beneficiary has been designated prior to the Participant’s death in a form acceptable to the Administrator. If no such beneficiary has been designated by the Participant, then such Option
may be exercised by the personal representative of the Participant’s estate or by the person(s) to whom the Option is transferred pursuant to the Participant’s will or in accordance with the laws of descent and distribution. In the absence
of a specified time in the Award Agreement, the Option shall remain exercisable for twelve (12) months following the Participant’s termination. Unless otherwise provided by the Administrator, if at the time of death Participant is not
vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will immediately revert to the Plan. If the Option is not so exercised within the time specified herein, the Option will terminate, and the Shares
covered by such Option will revert to the Plan. 

  
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 7. Stock Appreciation Rights. 

(a) Grant of Stock Appreciation Rights. Subject to the terms and conditions of the Plan, a Stock Appreciation Right may be
granted to Service Providers at any time and from time to time as will be determined by the Administrator, in its sole discretion. 
 (b)
Number of Shares. The Administrator will have complete discretion to determine the number of Shares subject to any Award of Stock Appreciation Rights. 

(c) Exercise Price and Other Terms. The per Share exercise price for the Shares that will determine the amount of the payment to
be received upon exercise of a Stock Appreciation Right as set forth in Section 7(f) will be determined by the Administrator and will be no less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant. Otherwise,
the Administrator, subject to the provisions of the Plan, will have complete discretion to determine the terms and conditions of Stock Appreciation Rights granted under the Plan. 

(d) Stock Appreciation Right Agreement. Each Stock Appreciation Right grant will be evidenced by an Award Agreement that will
specify the exercise price, the term of the Stock Appreciation Right, the conditions of exercise, and such other terms and conditions as the Administrator, in its sole discretion, will determine. 

(e) Expiration of Stock Appreciation Rights. A Stock Appreciation Right granted under the Plan will expire upon the date
determined by the Administrator, in its sole discretion, and set forth in the Award Agreement. Notwithstanding the foregoing, the rules of Section 6(d) relating to the maximum term and Section 6(f) relating to exercise also will apply to
Stock Appreciation Rights. 
 (f) Payment of Stock Appreciation Right Amount. Upon exercise of a Stock Appreciation Right, 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
Stock Appreciation Right is exercised. 
 At the discretion of the Administrator, the payment upon Stock Appreciation Right exercise may be
in cash, in Shares of equivalent value, or in some combination thereof. 
 8. Restricted Stock. 

(a) Grant of Restricted Stock. Subject to the terms and provisions of the Plan, the Administrator, at any time and from time to
time, may grant Shares of Restricted Stock to Service Providers in such amounts as the Administrator, in its sole discretion, will determine. 

(b) Restricted Stock Agreement. Each Award of Restricted Stock will be evidenced by an Award Agreement that will specify the
Period of Restriction, the number of Shares granted, and such other terms and conditions as the Administrator, in its sole discretion, will determine. Unless the Administrator determines otherwise, the Company as escrow agent will hold Shares of
Restricted Stock until the restrictions on such Shares have lapsed. 

  
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 (c) Transferability. Except as provided in this Section 8 or as the
Administrator determines, Shares of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end of the applicable Period of Restriction. 

(d) Other Restrictions. The Administrator, in its sole discretion, may impose such other restrictions on Shares of Restricted
Stock as it may deem advisable or appropriate. 
 (e) Removal of Restrictions. Except as otherwise provided in this
Section 8, Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan will be released from escrow as soon as practicable after the last day of the Period of Restriction or at such other time as the Administrator may
determine. The Administrator, in its discretion, may accelerate the time at which any restrictions will lapse or be removed. 
 (f)
Voting Rights. During the Period of Restriction, Service Providers holding Shares of Restricted Stock granted hereunder may exercise full voting rights with respect to those Shares, unless the Administrator determines otherwise. 

(g) Dividends and Other Distributions. During the Period of Restriction, Service Providers holding Shares of Restricted Stock
will be entitled to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise. If any such dividends or distributions are paid in Shares, the Shares will be subject to the same
restrictions on transferability and forfeitability as the Shares of Restricted Stock with respect to which they were paid. 
 (h)
Return of Restricted Stock to Company. On the date set forth in the Award Agreement, the Restricted Stock for which restrictions have not lapsed will revert to the Company and again will become available for grant under the Plan. 

9. Restricted Stock Units. 

(a) Grant. Restricted Stock Units may be granted at any time and from time to time as determined by the Administrator. After the
Administrator determines that it will grant Restricted Stock Units, it will advise the Participant in an Award Agreement of the terms, conditions, and restrictions related to the grant, including the number of Restricted Stock Units. 

(b) Vesting Criteria and Other Terms . The Administrator will set vesting criteria in its discretion, which, depending on the
extent to which the criteria are met, will determine the number of Restricted Stock Units that will be paid out to the Participant. The Administrator may set vesting criteria based upon the achievement of Company-wide, business unit, or individual
goals (including, but not limited to, continued employment or service), or any other basis determined by the Administrator in its discretion. 

(c) Earning Restricted Stock Units. Upon meeting the applicable vesting criteria, the Participant will be entitled to receive a
payout as determined by the Administrator. Notwithstanding the foregoing, at any time after the grant of Restricted Stock Units, the Administrator, in its sole discretion, may reduce or waive any vesting criteria that must be met to receive a
payout. 
 (d) Form and Timing of Payment. Payment of earned Restricted Stock Units will be made as soon as practicable after
the date(s) determined by the Administrator and set forth in the Award Agreement. The Administrator, in its sole discretion, may settle earned Restricted Stock Units in cash, Shares, or a combination of both. 

  
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 (e) Cancellation. On the date set forth in the Award Agreement, all unearned
Restricted Stock Units will be forfeited to the Company. 
 10. Compliance With Code Section 409A. Awards will be
designed and operated in such a manner that they are either exempt from the application of, or comply with, the requirements of Code Section 409A, except as otherwise determined in the sole discretion of the Administrator. The Plan and each
Award Agreement under the Plan is intended to meet the requirements of Code Section 409A and will be construed and interpreted in accordance with such intent, except as otherwise determined in the sole discretion of the Administrator. To the
extent that an Award or payment, or the settlement or deferral thereof, is subject to Code Section 409A the Award will be granted, paid, settled or deferred in a manner that will meet the requirements of Code Section 409A, such that the
grant, payment, settlement or deferral will not be subject to the additional tax or interest applicable under Code Section 409A. 
 11.
Leaves of Absence/Transfer Between Locations. Unless the Administrator provides otherwise, vesting of Awards granted hereunder will be suspended during any unpaid leave of absence. A Participant will not cease to be an Employee in the case of
(i) any leave of absence approved by the Company or (ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary. For purposes of Incentive Stock Options, no such leave may exceed three
(3) months, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, then six (6) months following the first
(1st) day of such leave, any Incentive Stock Option held by the Participant will cease to be treated as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option. 

12. Limited Transferability of Awards. 

(a) Unless determined otherwise by the Administrator, Awards may not be sold, pledged, assigned, hypothecated, or otherwise transferred in any
manner other than by will or by the laws of descent and distribution, and may be exercised, during the lifetime of the Participant, only by the Participant. 

(b) Further, until the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, or after the
Administrator determines that it is, will, or may no longer be relying upon the exemption from registration under the Exchange Act as set forth in Rule 12h-1(f) promulgated under the Exchange Act, an Option,
or prior to exercise, the Shares subject to the Option, may not be pledged, hypothecated or otherwise transferred or disposed of, in any manner, including by entering into any short position, any “put equivalent position” or any “call
equivalent position” (as defined in Rule 16a-1(h) and Rule 16a-1(b) of the Exchange Act, respectively), other than to (i) persons who are “family
members” (as defined in Rule 701(c)(3) of the Securities Act) through gifts or domestic relations orders, or (ii) to an executor or guardian of the Participant upon the death or disability of the Participant. Notwithstanding the foregoing
sentence, the Administrator, in its sole discretion, may determine to permit transfers to the Company or in connection with a Change in Control or other acquisition transactions involving the Company to the extent permitted by Rule 12h-1(f). 

  
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 13. Adjustments; Dissolution or Liquidation; Merger or Change in Control. 

(a) Adjustments. In the event that any dividend or other distribution (whether in the form of cash, Shares, other securities, or
other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of
Shares or other securities of the Company, or other change in the corporate structure of the Company affecting the Shares occurs, the Administrator, in order to prevent diminution or enlargement of the benefits or potential benefits intended to be
made available under the Plan, will adjust the number and class of Shares that may be delivered under the Plan and/or the number, class, and price of Shares covered by each outstanding Award. 

(b) Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will
notify each Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been previously exercised, an Award will terminate immediately prior to the consummation of such proposed action. 

(c) Merger or Change in Control. In the event of a merger or Change in Control, each outstanding Award will be treated as the
Administrator determines (subject to the provisions of the following paragraph) without a Participant’s consent, including, without limitation, that (i) Awards will be assumed, or substantially equivalent Awards will be substituted, by the
acquiring or succeeding corporation (or an affiliate thereof) with appropriate adjustments as to the number and kind of shares and prices; (ii) upon written notice to a Participant, that the Participant’s Awards will terminate upon or
immediately prior to the consummation of such merger or Change in Control; (iii) outstanding Awards will vest and become exercisable, realizable, or payable, or restrictions applicable to an Award will lapse, in whole or in part prior to or
upon consummation of such merger or Change in Control, and, to the extent the Administrator determines, terminate upon or immediately prior to the effectiveness of such merger or Change in Control; (iv) (A) the termination of an Award in
exchange for an amount of cash and/or property, if any, equal to the amount that would have been attained upon the exercise of such Award or realization of the Participant’s rights as of the date of the occurrence of the transaction (and, for
the avoidance of doubt, if as of the date of the occurrence of the transaction the Administrator determines in good faith that no amount would have been attained upon the exercise of such Award or realization of the Participant’s rights, then
such Award may be terminated by the Company without payment), or (B) the replacement of such Award with other rights or property selected by the Administrator in its sole discretion; or (v) any combination of the foregoing. In taking any
of the actions permitted under this Section 13(c), the Administrator will not be obligated to treat all Awards, all Awards held by a Participant, or all Awards of the same type, similarly. 

In the event that the successor corporation does not assume or substitute for the Award (or portion thereof), the Participant will fully vest
in and have the right to exercise all of his or her outstanding Options and Stock Appreciation Rights, including Shares as to which such Awards would not otherwise be vested or exercisable, all restrictions on Restricted Stock and Restricted Stock
Units will lapse, and, with respect to Awards with performance-based vesting, all performance goals or other vesting criteria will be deemed achieved at one hundred percent (100%) of target levels and all other terms and conditions met. In addition,
if an Option or Stock Appreciation Right is not assumed or substituted in the event of a merger or Change in Control, the Administrator will notify the Participant in writing or electronically that the Option or Stock Appreciation Right will be
exercisable for a period of time determined by the Administrator in its sole discretion, and the Option or Stock Appreciation Right will terminate upon the expiration of such period. 

  
 -12- 

 For the purposes of this Section 13(c), an Award will be considered assumed if,
following the merger or Change in Control, the Award confers the right to purchase or receive, for each Share subject to the Award immediately prior to the merger or Change in Control, the consideration (whether stock, cash, or other securities or
property) received in the merger or Change in Control by holders of Common Stock for each Share held on the effective date of the transaction (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of
a majority of the outstanding Shares); provided, however , that if such consideration received in the merger or Change in Control is not solely common stock of the successor corporation or its Parent, the Administrator may, with the
consent of the successor corporation, provide for the consideration to be received upon the exercise of an Option or Stock Appreciation Right or upon the payout of a Restricted Stock Unit, for each Share subject to such Award, to be solely common
stock of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the merger or Change in Control. 

Notwithstanding anything in this Section 13(c) to the contrary, an Award that vests, is earned or
paid-out upon the satisfaction of one or more performance goals will not be considered assumed if the Company or its successor modifies any of such performance goals without the Participant’s consent;
provided, however, a modification to such performance goals only to reflect the successor corporation’s post-Change in Control corporate structure will not be deemed to invalidate an otherwise valid Award assumption. 

Notwithstanding anything in this Section 13(c) to the contrary, if a payment under an Award Agreement is subject to Code
Section 409A and if the change in control definition contained in the Award Agreement does not comply with the definition of “change of control” for purposes of a distribution under Code Section 409A, then any payment of an
amount that is otherwise accelerated under this Section will be delayed until the earliest time that such payment would be permissible under Code Section 409A without triggering any penalties applicable under Code Section 409A. 

14. Tax Withholding. 
 (a)
Withholding Requirements. Prior to the delivery of any Shares or cash pursuant to an Award (or exercise thereof), the Company will have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an
amount sufficient to satisfy federal, state, local, foreign or other taxes (including the Participant’s FICA obligation) required to be withheld with respect to such Award (or exercise thereof). 

(b) Withholding Arrangements. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from
time to time, may permit a Participant to satisfy such tax withholding obligation, in whole or in part by (without limitation): (i) paying cash, (ii) electing to have the Company withhold otherwise deliverable Shares having a Fair Market Value
equal to the minimum statutory amount required to be withheld, (iii) delivering to the Company already-owned Shares having a Fair Market Value equal to the statutory amount required to be withheld, provided the delivery of such Shares will not
result in any adverse accounting consequences, as the Administrator determines in its sole discretion, or (iv) selling a sufficient number of Shares otherwise deliverable to the Participant through such means as the Administrator may determine
in its sole discretion (whether through a broker or otherwise) equal to the amount required to be withheld. The amount of the withholding requirement will be deemed to include any amount which the Administrator agrees may be withheld at the time the
election is made, not to exceed the amount determined by using the maximum federal, state or local marginal income tax rates applicable to the Participant with respect to the Award on the date that the amount of tax to be withheld is to be
determined. 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. 

  
 -13- 

 15. No Effect on Employment or Service. Neither the Plan nor any Award will confer
upon a Participant any right with respect to continuing the Participant’s relationship as a Service Provider with the Company, nor will they interfere in any way with the Participant’s right or the Company’s right to terminate such
relationship at any time, with or without cause, to the extent permitted by Applicable Laws. 
 16. Date of Grant. The date of grant
of an Award will be, for all purposes, the date on which the Administrator makes the determination granting such Award, or such other later date as is determined by the Administrator. Notice of the determination will be provided to each Participant
within a reasonable time after the date of such grant. 
 17. Term of Plan. Subject to Section 21, the Plan will become
effective upon its adoption by the Board. Unless sooner terminated under Section 18, it will continue in effect for a term of ten (10) years from the later of (a) the effective date of the Plan, or (b) the earlier of the most
recent Board or stockholder approval of an increase in the number of Shares reserved for issuance under the Plan. 
 18. Amendment and
Termination of the Plan. 
 (a) Amendment and Termination. The Board may at any time amend, alter, suspend or terminate the
Plan. 
 (b) Stockholder Approval. The Company will obtain stockholder approval of any Plan amendment to the extent necessary
and desirable to comply with Applicable Laws. 
 (c) Effect of Amendment or Termination. No amendment, alteration, suspension
or termination of the Plan will impair the rights of any Participant, unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing and signed by the Participant and the Company. Termination of
the Plan will not affect the Administrator’s ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination. 

19. Conditions Upon Issuance of Shares. 

(a) Legal Compliance. Shares will not be issued pursuant to the exercise of an Award unless the exercise of such Award and the
issuance and delivery of such Shares will comply with Applicable Laws and will be further subject to the approval of counsel for the Company with respect to such compliance. 

(b) Investment Representations. As a condition to the exercise of an Award, the Company may require the person exercising such
Award to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a
representation is required. 
 20. Inability to Obtain Authority. The inability of the Company to obtain authority from any
regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, will relieve the Company of any liability in respect of the failure to issue or
sell such Shares as to which such requisite authority will not have been obtained. 

  
 -14- 

 21. Stockholder Approval. The Plan will be subject to approval by the stockholders of
the Company within twelve (12) months after the date the Plan is adopted by the Board. Such stockholder approval will be obtained in the manner and to the degree required under Applicable Laws. 

22. Information to Participants. Beginning on the earlier of (i) the date that the aggregate number of Participants under this
Plan is five hundred (500) or more and the Company is relying on the exemption provided by Rule 12h-1(f)(1) under the Exchange Act and (ii) the date that the Company is required to deliver
information to Participants pursuant to Rule 701 under the Securities Act, and until such time as the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, is no longer relying on the exemption
provided by Rule 12h-1(f)(1) under the Exchange Act or is no longer required to deliver information to Participants pursuant to Rule 701 under the Securities Act, the Company shall provide to each Participant
the information described in paragraphs (e)(3), (4), and (5) of Rule 701 under the Securities Act not less frequently than every six (6) months with the financial statements being not more than 180 days old and with such information
provided either by physical or electronic delivery to the Participants or by written notice to the Participants of the availability of the information on an Internet site that may be password-protected and of any password needed to access the
information. The Company may request that Participants agree to keep the information to be provided pursuant to this section confidential. If a Participant does not agree to keep the information to be provided pursuant to this section confidential,
then the Company will not be required to provide the information unless otherwise required pursuant to Rule 12h-1(f)(1) under the Exchange Act or Rule 701 of the Securities Act. 

  
 -15- 

 APPENDIX A 

TO 
 RIGETTI &
CO, INC. 2013 EQUITY INCENTIVE PLAN 
 (for California residents only, to the extent required by 25102(o)) 

This Appendix A to the Rigetti & Co, Inc. 2013 Equity Incentive Plan shall apply only to the Participants who are residents of the
State of California and who are receiving an Award under the Plan. Capitalized terms contained herein shall have the same meanings given to them in the Plan, unless otherwise provided by this Appendix A. Notwithstanding any provisions contained in
the Plan to the contrary and to the extent required by Applicable Laws, the following terms shall apply to all Awards granted to residents of the State of California, until such time as the Administrator amends this Appendix A or the Administrator
otherwise provides. 
 (a) The term of each Option shall be stated in the Award Agreement; provided, however , that the term
shall be no more than ten (10) years from the date of grant thereof. 
 (b) Unless determined otherwise by the Administrator, Awards may
not be sold, pledged, assigned, hypothecated, or otherwise transferred in any manner other than by will or by the laws of descent and distribution, and may be exercised, during the lifetime of the Participant, only by the Participant. If the
Administrator makes an Award transferable, such Award may only be transferred (i) by will, (ii) by the laws of descent and distribution, or (iii) as permitted by Rule 701 of the Securities Act. 

(c) If a Participant ceases to be a Service Provider, such Participant may exercise his or her Option within such period of time as specified
in the Award Agreement, which shall not be less than thirty (30) days following the date of the Participant’s termination, to the extent that the Option is vested on the date of termination (but in no event later than the expiration of the term
of the Option as set forth in the Award Agreement). In the absence of a specified time in the Award Agreement, the Option shall remain exercisable for three (3) months following the Participant’s termination. 

(d) If a Participant ceases to be a Service Provider as a result of the Participant’s Disability, the Participant may exercise his or her
Option within such period of time as specified in the Award Agreement, which shall not be less than six (6) months following the date of the Participant’s termination, to the extent the Option is vested on the date of termination (but in
no event later than the expiration of the term of such Option as set forth in the Award Agreement). In the absence of a specified time in the Award Agreement, the Option shall remain exercisable for twelve (12) months following the
Participant’s termination. 
 (e) If a Participant dies while a Service Provider, the Option may be exercised within such period of time
as specified in the Award Agreement, which shall not be less than six (6) months following the date of the Participant’s death, to the extent the Option is vested on the date of death (but in no event later than the expiration of the term
of such Option as set forth in the Award Agreement) by the Participant’s designated beneficiary, personal representative, or by the person(s) to whom the Option is transferred pursuant to the Participant’s will or in accordance with the
laws of descent and distribution. In the absence of a specified time in the Award Agreement, the Option shall remain exercisable for twelve (12) months following the Participant’s termination. 

 (f) No Award shall be granted to a resident of California more than ten (10) years
after the earlier of the date of adoption of the Plan or the date the Plan is approved by the stockholders. 
 (g) In the event that any
dividend or other distribution (whether in the form of cash, Shares, other securities, or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Shares or other securities of the Company, or other change in the corporate structure of the Company affecting the Shares occurs, the Administrator, in order to
prevent diminution or enlargement of the benefits or potential benefits intended to be made available under the Plan, will adjust the number and class of Shares that may be delivered under the Plan and/or the number, class, and price of Shares
covered by each outstanding Award; provided, however, that the Administrator will make such adjustments to an Award required by Section 25102(o) of the California Corporations Code to the extent the Company is relying upon the
exemption afforded thereby with respect to the Award. 
 (h) This Appendix A shall be deemed to be part of the Plan and the Administrator
shall have the authority to amend this Appendix A in accordance with Section 18 of the Plan. 

  
 -17- 

 RIGETTI & CO, INC. 

FIRST AMENDMENT TO 2013 EQUITY INCENTIVE 

PLAN 
 1. This First
Amendment (this “Amendment”) to the Rigetti & Co, Inc. 2013 Equity Incentive Plan (the “Plan”) amends the Plan pursuant to Section 18 thereof. 

2. Unless otherwise expressly provided for in this Amendment, all capitalized words or phrases or other defined terms used in this Amendment
will have the same meaning ascribed to them in the Plan. 
 3. Section 3(a) of the Plan is amended and restated in its entirety to read
as follows: 
 “(a) Stock Subject to the Plan. Subject to the provisions of Section 13, the maximum
aggregate number of Shares that may be subject to Awards and sold under the Plan is 1,358,608 Shares. The Shares may be authorized but unissued, or reacquired Common Stock.” 

I hereby certify that the foregoing Amendment was duly approved by the Board of Directors of the Company, effective as of November 4,
2015. 
  

	
	 /s/ Chad Rigetti

	Chad Rigetti, Secretary

 RIGETTI & CO., INC. 

AMENDMENT NO. 2 TO 2013 EQUITY INCENTIVE PLAN 

1. This Amendment No. 2 to the Rigetti & Co., Inc. 2013 Equity Incentive Plan (this “Amendment”) is
effective as of March 1, 2016, and amends the 2013 Equity Incentive Plan (as amended, the “Plan”) pursuant to Section 18 of the Plan. 

2. Unless otherwise expressly provided for in this Amendment, all capitalized words or phrases or other defined terms used in this Amendment
will have the same meaning ascribed to them in the Plan. 
 3. Section 3(a) of the Plan is amended and restated in its entirety to read
as follows: “Stock 
 Subject to the Plan. Subject to the provisions of Section 13 of the Plan, the
maximum aggregate number of Shares that may be subject to Awards and sold under the Plan is 2,994,131 Shares. The Shares may be authorized but unissued, or reacquired Common Stock.” 

(Signature Page Follows) 

 I hereby certify that the foregoing Amendment was duly approved by the Board of Directors
and the Stockholders of Rigetti & Co., Inc., effective as of the date set forth above. 
  

			
	By:	 	 /s/ Chad T. Rigetti

		 	Chad T. Rigetti
		 	Secretary, Rigetti & Co., Inc.

 RIGETTI & CO., INC. 

AMENDMENT NO. 3 TO 2013 EQUITY INCENTIVE PLAN 

1. This Amendment No. 3 to the Rigetti & Co., Inc. 2013 Equity Incentive Plan (this “Amendment”) is
effective as of November 2, 2016, and amends the 2013 Equity Incentive Plan (as amended, the “Plan”) pursuant to Section 18 of the Plan. 

2. Unless otherwise expressly provided for in this Amendment, all capitalized words or phrases or other defined terms used in this Amendment
will have the same meaning ascribed to them in the Plan. 
 3. Section 3(a) of the Plan is amended and restated in its entirety to read
as follows: “Stock 
 Subject to the Plan. Subject to the provisions of Section 13 of the Plan, the
maximum aggregate number of Shares that may be subject to Awards and sold under the Plan is 3,335,279 Shares. The Shares may be authorized but unissued, or reacquired Common Stock.” 

(Signature Page Follows) 

 I hereby certify that the foregoing Amendment was duly approved by the Board of Directors
and the Stockholders of Rigetti & Co., Inc., effective as of the date set forth above. 
  

			
	By:	 	 /s/ Chad T. Rigetti

		 	Chad T. Rigetti
		 	Secretary, Rigetti & Co., Inc.

 RIGETTI & CO, INC. 

AMENDMENT NO. 4 TO 2013 EQUITY INCENTIVE PLAN 

1. This Amendment No. 4 to the Rigetti & Co, Inc. 2013 Equity Incentive Plan (this “Amendment”) is
effective as of November 17, 2017, and amends the 2013 Equity Incentive Plan (as amended, the “Plan”) pursuant to Section 18 of the Plan. 

2. Unless otherwise expressly provided for in this Amendment, all capitalized words or phrases or other defined terms used in this Amendment
will have the same meaning ascribed to them in the Plan. 
 3. Section 3(a) of the Plan is amended and restated in its entirety to read
as follows: “Stock 
 Subject to the Plan. Subject to the provisions of Section 13 of the Plan, the
maximum aggregate number of Shares that may be subject to Awards and sold under the Plan is 4,617,632 Shares. The Shares may be authorized but unissued, or reacquired Common Stock.” 

(Signature Page Follows) 

 I hereby certify that the foregoing Amendment was duly approved by the Board of Directors
and the Stockholders of Rigetti & Co, Inc., effective as of the date set forth above. 
  

			
	By:	 	 /s/ Chad T. Rigetti

		 	Chad T. Rigetti
		 	Secretary, Rigetti & Co, Inc.

 (Signature Page to Amendment No. 4 to 2013 Equity Incentive Plan) 

 RIGETTI & CO, INC. 

AMENDMENT NO. 5 TO 2013 EQUITY INCENTIVE PLAN 

1. This Amendment No. 5 to the Rigetti & Co, Inc. 2013 Equity Incentive Plan (this “Amendment”) is
effective as of October 16, 2018, and amends the 2013 Equity Incentive Plan (as amended, the “Plan”) pursuant to Section 18 of the Plan. 

2. Unless otherwise expressly provided for in this Amendment, all capitalized words or phrases or other defined terms used in this Amendment
will have the same meaning ascribed to them in the Plan. 
 3. Section 3(a) of the Plan is amended and restated in its entirety to read
as follows: “Stock 
 Subject to the Plan. Subject to the provisions of Section 13 of the Plan, the
maximum aggregate number of Shares that may be subject to Awards and sold under the Plan is 4,823,908 Shares. The Shares may be authorized but unissued, or reacquired Common Stock.” 

(Signature Page Follows) 

 I hereby certify that the foregoing Amendment was duly approved by the Board of Directors
and the Stockholders of Rigetti & Co, Inc., effective as of the date set forth above. 
  

			
	By:	 	 /s/ Chad T. Rigetti

		 	Chad T. Rigetti
		 	Secretary, Rigetti & Co, Inc.

 RIGETTI & CO, INC. 

AMENDMENT NO. 6 TO 2013 EQUITY INCENTIVE PLAN 

1. This Amendment No. 6 to the Rigetti & Co, Inc. 2013 Equity Incentive Plan (this “Amendment”) is
effective as of July 29, 2019, and amends the 2013 Equity Incentive Plan (as amended, the “Plan”) pursuant to Section 18 of the Plan. 

2. Unless otherwise expressly provided for in this Amendment, all capitalized words or phrases or other defined terms used in this Amendment
will have the same meaning ascribed to them in the Plan. 
 3. Section 3(a) of the Plan is amended and restated in its entirety to read
as follows: “Stock  
 Subject to the Plan.
Subject to the provisions of Section 13 of the Plan, the maximum aggregate number of Shares that may be subject to Awards and sold under the Plan is 6,323,908 Shares. The Shares may be authorized but unissued, or reacquired Common
Stock.” 
 (Signature Page Follows) 

 I hereby certify that the foregoing Amendment was duly approved by the Board of Directors
and the Stockholders of Rigetti & Co, Inc., effective as of the date set forth above. 
  

			
	By:	 	 /s/ Chad T. Rigetti

		 	Chad T. Rigetti
		 	Chief Executive Officer, Rigetti & Co, Inc.

 RIGETTI & CO, INC. 

AMENDMENT NO. 7 TO 2013 EQUITY INCENTIVE PLAN 

1. This Amendment No. 7 to the Rigetti & Co, Inc. 2013 Equity Incentive Plan (this “Amendment”) is
effective as of February 18, 2020, and amends the 2013 Equity Incentive Plan (as amended, the “Plan”) pursuant to Section 18 of the Plan. 

2. Unless otherwise expressly provided for in this Amendment, all capitalized words or phrases or other defined terms used in this Amendment
will have the same meaning ascribed to them in the Plan. 
 3. Section 2(i) of the Plan is amended and restated in its entirety to read as
follows: 
 “(i) Common Stock” means the Class A Common Stock of the Company.” 

4. Section 3(a) of the Plan is amended and restated in its entirety to read as follows: 

“Stock Subject to the Plan. Subject to the provisions of Section 13 of the Plan, the maximum aggregate number
of Shares that may be subject to Awards and sold under the Plan is 20,471,081 Shares. The Shares may be authorized but unissued, or reacquired Common Stock.” 

(Signature Page Follows) 

 I hereby certify that the foregoing Amendment was duly approved by the Board of Directors
and the Stockholders of Rigetti & Co, Inc., effective as of the date set forth above. 
  

			
	By:	 	 /s/ Chad T. Rigetti

		 	Chad T. Rigetti
		 	Chief Executive Officer, Rigetti & Co, Inc.

 [Signature Page to Amendment to 2013 Equity Incentive Plan] 

 RIGETTI & CO, INC. 

AMENDMENT NO. 8 TO 2013 EQUITY INCENTIVE PLAN 

1. This Amendment No. 8 to the Rigetti & Co, Inc. 2013 Equity Incentive Plan (this “Amendment”) is
effective as of June 4, 2020, and amends the 2013 Equity Incentive Plan (as amended, the “Plan”) pursuant to Section 18 of the Plan. 

2. Unless otherwise expressly provided for in this Amendment, all capitalized words or phrases or other defined terms used in this Amendment
will have the same meaning ascribed to them in the Plan. 
 3. Section 3(a) of the Plan is amended and restated in its entirety to read
as follows: “Stock 
 Subject to the Plan. Subject to the provisions of Section 13, the maximum
aggregate number of Shares that may be subject to Awards and sold under the Plan is 29,011,572 Shares, and all the Shares set aside and reserved for under this Section may be issued pursuant to the exercise of incentive stock options under
Section 422 of the Code. The Shares may be authorized but unissued, or reacquired Common Stock.” 
 (Signature Page Follows)

 I hereby certify that the foregoing Amendment was duly approved by the Board of Directors
and the Stockholders of Rigetti & Co, Inc., effective as of the date set forth above. 
  

			
	By:	 	 /s/ Rick Danis

		 	Rick Danis
		 	Secretary, Rigetti & Co, Inc.

 (Signature Page to Amendment to 2013 Equity Incentive Plan)Exhibit 10.1

 

EXECUTION
COPY

 

RETIREMENT
AGREEMENT AND GENERAL RELEASE

 

This Retirement Agreement
and General Release (“Agreement and Release”) is made and entered into by and between R. Keith Teague (“Employee”)
and Tellurian Inc. (the “Company” and, together with Employee, the “Parties”).

 

Employee and the Company have
mutually agreed that Employee will retire from his employment with the Company as of the “Separation Date” (as defined below),
and in connection with Employee’s retirement, in consideration of the mutual promises set forth in this Agreement and Release, and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Employee and the Company agree
as follows:

 

1.          
   Separation Date; Consulting Agreement. Employee’s employment with the
Company and its affiliates (collectively, the “Company Group”) and service as an officer of the Company shall
terminate effective July 15, 2022 (the “Separation Date”). Employee acknowledges and agrees that, as of the
Separation Date, Employee shall have resigned from any and all offices Employee may have with the Company Group, and Employee shall
execute such resignation letters as any member of the Company Group may request. The Parties have separately entered into that
certain Consulting Agreement, attached as Annex A hereto (as amended or supplemented from time to time, the
 “Consulting Agreement”).

 

2.          
   Accrued Obligations. Regardless of whether Employee executes (and/or revokes)
this Agreement and Release, Employee shall be entitled to the following payments and benefits: (a) earned but unpaid base
salary through the Separation Date, payable in accordance with the Company’s normal payroll practices; and
(b) reimbursement of eligible unreimbursed business expenses in accordance with the Company’s business expense
reimbursement policy in effect from time to time.

 

3.           
  Waiver and Forfeiture of Certain Long-Term Incentive Awards. Employee hereby
acknowledges and agrees that, except as otherwise expressly provided in Section 4 below, Employee’s retirement
shall be treated as a voluntary resignation by Employee (if applicable, without “Good Reason” (or term of similar
meaning)) as of the Separation Date for purposes of all of Employee’s outstanding equity, equity-linked, and or long-term
cash-based awards, whether granted under the Tellurian Inc. Amended and Restated 2016 Omnibus Incentive Compensation Plan, the
Tellurian Inc. Incentive Compensation Program, the Amended and Restated Tellurian Investments Inc. 2016 Omnibus Incentive Plan, or
otherwise (collectively, the “Forfeited Awards”). In accordance with the foregoing, Employee hereby waives and
forfeits, effective as of the Separation Date, the Forfeited Awards for no consideration, except as otherwise expressly provided in Section 4.

 

     

     

    

 

4.         
    Consideration by the Company.

 

(a)            As
consideration for this Agreement and Release, subject to and conditioned upon Employee’s (x) continued compliance with the
confidentiality obligations and restrictive covenants to which Employee is subject under Sections 10, 12, 13, 14,
and 15 of this Agreement and Release, (y) timely execution and delivery (without revocation) to the Company of this Agreement
and Release within twenty-one (21) days after delivery of this Agreement and Release to Employee by the Company, and (z) timely execution
and delivery (without revocation) to the Company of the “bring-down” release of claims attached hereto as Annex B (the
 “Bring-Down Release”) no earlier than the Separation Date and no later than twenty-one (21) days after the Separation
Date ((x), (y), and (z), together, the “Conditions”):

 

(i)         
    solely for purposes of the Phase 1 ($8,000,000 allocation) and Phase 2
($4,000,000 allocation) portions of Employee’s Construction Incentive Award Agreement with Tellurian Services LLC, dated as of
April 17, 2018 (as amended or supplemented from time to time, the “CIP Award”), Employee’s termination
of employment with the Company Group on the Separation Date shall be treated as a “Termination Without Cause” (as
defined in the CIP Award), such that the Phase 1 and Phase 2 portions of the CIP Award shall remain outstanding and eligible to vest
in accordance with the “Vesting Schedule” set forth in the CIP Award (without regard to the continued service condition
therein) and the other terms and conditions of the CIP Award, which include (x) the occurrence of the applicable “NTP
Date” (as defined in the CIP Award) on or before April 17, 2028, (y) Employee’s continued compliance with the
 “Restrictive Covenants” (as defined in the CIP Award), and (z) Employee’s timely execution and delivery
(without revocation) of the “Release” (as defined in the CIP Award); provided, that, in accordance with the CIP
Award, if a “Change of Control” (as defined in the CIP Award) occurs within six (6) months following the Separation
Date, any then-unvested portion of the Phase 1 and Phase 2 portions of the CIP Award shall immediately vest and become payable in
full in accordance with the terms and conditions of the CIP Award (including clauses (y) and (z) above); and

 

(ii)          
  for purposes of Employee’s Long Term Incentive Award Agreement with the Company,
effective as of January 13, 2022 (the “Outstanding ICP LTI Award”), with respect to the 985,436
 “Tracking Units” described therein, all unvested Tracking Units shall remain eligible to vest and be settled following
the Separation Date in accordance with the Outstanding ICP LTI Award without regard to the continuous service requirement, which
shall be paid in accordance with the Outstanding ICP LTI Award on the same schedule that payments in respect of such vested Tracking
Units would be made pursuant to the Outstanding ICP LTI Award without regard to the occurrence of the Separation Date, and otherwise
subject to the terms and conditions of the Outstanding ICP LTI Award.

 

Any amounts paid pursuant
to the CIP Award or the Outstanding ICP LTI Award will be subject to withholding and deductions for applicable taxes.

 

(b)           For
the avoidance of doubt, except as expressly set forth in this Section 4 with respect to the Phase 1 and Phase 2 portions
of the CIP Award and the Outstanding ICP LTI Award, all of Employee’s outstanding equity, equity-linked, and or long-term cash-based
awards, whether granted under the Tellurian Inc. Amended and Restated 2016 Omnibus Incentive Compensation Plan, the Tellurian Inc. Incentive
Compensation Program, the Amended and Restated Tellurian Investments Inc. 2016 Omnibus Incentive Plan, or otherwise, constitute Forfeited
Awards. In addition, if the Conditions are not satisfied, (x) the Phase 1 and Phase 2 portions of the CIP Award and the Outstanding
ICP LTI Award shall additionally constitute Forfeited Awards, and (y) the Consulting Agreement shall automatically terminate and
become null and void ab initio, and neither Party shall have any further obligation or liability thereunder.

 

    2

     

    

 

(c)            Employee
acknowledges and agrees that the payments and benefits described in Sections 2 and 4 are the sole payments and benefits
which Employee is eligible to receive in connection with the termination of Employee’s employment with the Company Group, and, other
than any continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (at Employee’s
sole cost and expense and in accordance with the applicable Company Group health and welfare benefit plans), Employee is not entitled
to any other severance or separation pay or benefits of any kind, whether under the Tellurian Inc. Executive Severance Plan, Tellurian
Inc. Employee Severance Plan, or any other plan, policy, program, agreement, or arrangement of the Company Group. In addition, Employee
acknowledges and agrees that Employee is not entitled to any award or payment under the Tellurian Inc. Incentive Compensation Program
in respect of any services provided during calendar year 2022 or thereafter, whether as an employee or in any other capacity (including
pursuant to the Consulting Agreement).

 

5.       
      Release by Employee. In consideration of the payments and
benefits under Section 4 of this Agreement and Release, the Company’s entry into the Consulting Agreement, and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, as a full and final settlement,
Employee, for and on behalf of Employee and Employee’s spouse, heirs, administrators, children, representatives, executors,
successors, assigns, and any other individual or entity claiming through Employee (collectively, the
 “Releasors”), releases and discharges the Company and each member of the Company Group, and each of their past,
present, and future officers, directors, principals, agents, employees, parents, shareholders, partners, subsidiaries, holding
companies, affiliates, predecessors, successors, assigns, insurers, compensation and benefit plans and administrators, trustees,
fiduciaries, and insurers of such compensation and benefit plans, from any and all claims and causes of action (except for claims
arising specifically from a breach of this Agreement and Release or the Consulting Agreement in accordance with their terms),
whether known or unknown, arising out of or related to Employee’s employment and any other events or transactions that precede
the date of execution of this Agreement and Release. The entities released in the foregoing sentence shall be referred to
collectively as the “Company Released Parties.” The claims and causes of action released by Employee include, but
are not limited to, the following: contract claims; claims for salary, benefits, bonuses, severance pay, workers’ compensation
claims, to the extent permitted by applicable law, commissions, or vacation pay; claims sounding in negligence or tort; fraud
claims; claims for medical bills; all matters in law, in equity, or pursuant to statute, including damages, attorneys’ fees,
costs, and expenses; and, without limiting the generality of the foregoing, to all claims, including, but not limited to, those
arising under Title VII of the Civil Rights Act of 1964, as amended, the Age Discrimination in Employment Act of 1967, as amended,
the Older Workers’ Benefit Protection Act, the Equal Pay Act, the Consolidated Omnibus Budget Reconciliation Act, the Employee
Retirement Income Security Act of 1974, as amended, the Civil Rights Act of 1991, the Family and Medical Leave Act of 1993, and the
Americans with Disabilities Act of 1990, the Genetic Information Nondiscrimination Act, the Occupational Safety & Health
Act, the Worker Adjustment and Retraining Notification Act of 1988, the Dodd–Frank Wall Street Reform and Consumer Protection
Act, the National Labor Relations Act, Section 1981 of the Civil Rights Act of 1866, the Sarbanes Oxley Act of 2002, the Texas
Labor Code as amended (including the Texas Commission on Human Rights Act, Tex. Lab. Code § 21.001 et seq., the Texas Equal
Work, Equal Pay Law, Tex. Gov’t Code Ann. § 659.001, Texas Whistleblower Protection Law, Tex. Gov’t Code Ann.
 § 554.002, Texas Worker’s Compensation Retaliation Law, Tex. Lab. Code Ann. § 451.001, Texas Blacklisting Law, Tex.
Lab. Code Ann. § 52.031, Texas Payment of Wages Law, Tex. Lab. Code Ann. § 61.011 et seq., Texas Minimum Wage Law, Tex.
Lab. Code Ann. § 62.051 et seq., Texas AIDS Testing Law, Tex. Health & Safety Code Ann. § 81.101 et seq.), the
Louisiana Revised Statutes as amended (including the Louisiana Employment Discrimination Law, La. R.S. §§ 23:301-23:369,
Louisiana Worker’s Compensation Act, La. R.S. §§ 23:1021-23:1415, Article 2315 of the Louisiana Civil Code),
the Code of the District of Columbia as amended (including the District of Columbia Human Rights Act, D.C. Code Ann. §§
1-2501-1-2557, District of Columbia Family and Medical Leave Act, District of Columbia Accrued Sick and Safe Leave Act, District of
Columbia Safety and Health Act of 1988, District of Columbia Parental Leave Act, Protecting Pregnant Workers Fairness Act of 2014,
the Fair Criminal Record Screening Act, the District of Columbia Equal Pay Law, the anti-retaliation provisions of the District of
Columbia Workers’ Compensation Law, the District of Columbia Whistleblower Reinforcement Act), and any other federal, state,
or local law, statute, or ordinance affecting Employee’s employment with any of the Company Released Parties.

 

    3

     

    

 

This Agreement and Release
does not apply to any claims or rights that may arise after the date Employee signs this Agreement and Release, to claims to payments
and benefits under this Agreement and Release or the Consulting Agreement, or to claims that may not be released by agreement under applicable
law. In addition, this Agreement and Release does not waive Employee’s rights to coverage, or any rights as an insured, under any
directors and officers liability insurance policy of the Company or its affiliates, which shall continue to cover the Employee in accordance
with its terms, or any rights to indemnification (including advancement of expenses) that Employee has under applicable law or the organizational
documents of the Company, including, without limitation, under Article VI (“Indemnification and Advancement of Expenses”)
of the Amended and Restated By-Laws of the Company or pursuant to the Indemnification Agreement by and between Employee and the Company,
dated as of September 19, 2019.

 

6.         
    Consideration Period and Effectiveness.

 

Employee acknowledges that
this Agreement and Release is written in a manner understood by Employee and that Employee in fact understands the terms, conditions,
and effect of this Agreement and Release. Employee acknowledges that Employee is being provided with a period of twenty-one (21) days
to consider the terms of this Agreement and Release and that Employee may elect to waive that period and execute this Agreement and Release
sooner.

 

Employee acknowledges that
if Employee does not execute and return this Agreement and Release within twenty-one (21) days following receipt (or the Bring-Down Release
no earlier than the Separation Date and no later than twenty-one (21) days after the Separation Date), this Agreement and Release shall
be considered rejected by Employee and Employee shall not be entitled to any of the payments or benefits described in Section 4
of this Agreement and Release or to any payments or benefits under the Consulting Agreement. Employee further acknowledges that, in order
to be eligible to receive any of the payments or benefits described in Section 4 or the Consulting Agreement, which Employee
acknowledges is in addition to anything of value to which Employee is already entitled, Employee must properly complete, sign, and return
the fully executed original of this Agreement and Release (including the Bring-Down Release) and comply with its terms. Employee understands
and agrees that any changes to this Agreement and Release, whether material or immaterial, do not restart the running of the twenty-one
(21) day period. Employee is hereby advised, and acknowledges being advised, to consult with an attorney prior to executing this Agreement
and Release, and in executing and returning this Agreement and Release, Employee acknowledges that Employee has done so to the extent
Employee so desired.

 

    4

     

    

 

Employee may revoke Employee’s
execution of this Agreement and Release during the seven (7) calendar days following the date Employee signs it, and this release
and waiver shall not become effective or enforceable until such revocation period has expired. Employee also understands and agrees that
any attempt to revoke this Agreement and Release after this seven (7)-day revocation period has expired is, or will be, ineffective. Employee
further understands and agrees that if Employee revokes this Agreement and Release (or the Bring-Down Release in accordance with its terms),
Employee will not be entitled to any payments or benefits described in Section 4 of this Agreement and Release or to any payments
or benefits under the Consulting Agreement; provided, that notwithstanding any such revocation, Employee’s employment with
the Company Group shall still end on the Separation Date, and Sections 2 and 3 of this Agreement and Release shall remain
in full force and effect in accordance with their terms.

 

7.            Acknowledgments.
Employee acknowledges and agrees that Employee has: (a) except for compensation due to Employee under this Agreement and Release,
received all compensation due to Employee as a result of services performed for any of the Company Released Parties, including, but not
limited to, all overtime payments; (b) reported to the Company Group any and all work-related injuries incurred by Employee while
performing services for any of the Company Released Parties; and (c) been properly provided any leave of absence because of Employee’s
health condition, a family member’s health condition, or a workplace injury and that Employee has not been subjected to any improper
treatment, conduct, retaliation, or actions due to a request for or taking such leave. Employee acknowledges and agrees that the payments
and other benefits provided under this Agreement and Release: (i) are in full discharge of any and all liabilities and obligations
of the Company Released Parties to Employee, monetarily or otherwise, and (ii) exceed any payment, benefit, or other thing of value
to which Employee might otherwise be entitled under any policy, plan, or procedure of the Company, any other member of the Company Group,
and/or any agreement between Employee and the Company or any other Company Released Party. Employee represents and warrants that, as of
the Separation Date, Employee shall have returned to the Company Group or shall have made arrangements with the Company Group for the
prompt return of all property belonging to the Company Group in the Employee’s possession or control, including any copies thereof.

 

8.           
  No Filing of Lawsuit or Other Claim. Other than as provided in Section 11 of
this Agreement and Release, Employee agrees, promises, and covenants that neither Employee nor any Releasor has or will file a
lawsuit, charge, or claim against any of the Company Released Parties, and that neither Employee nor any Releasor will participate
as a party in any action for damages against any of the Company Released Parties involving any matter occurring in the past up to
the date of this Agreement and Release or involving any claims, demands, causes of action, obligations, damages, or liabilities that
are the subject of this Agreement and Release. If, notwithstanding this representation and warranty, Employee or any Releasor has
filed or files such a claim, Employee agrees to cause such claim to be dismissed with prejudice and shall pay any and all costs
required in obtaining dismissal of such claim, including, without limitation, the attorneys’ fees and expenses of any of the
parties against whom such a claim has been filed.

 

    5

     

    

 

9.          
   No Admission of Liability. Neither this Agreement and Release nor anything
contained herein shall be construed as an admission by any of the Company Released Parties that they have in any respect violated or
abridged any federal, state, or local law or any right or obligation that they, collectively or individually, may owe or may have
owed to Employee or to any Releasor, as applicable.

 

10.           Confidentiality.
Employee agrees that Employee will treat all confidential, trade secret, or proprietary information arising from the activities of the
Company Group, including, without limitation, designs, ideas, concepts, proposals, plans, directions, pricing, sourcing, projected and
actual sales, names and lists of customers, suppliers, vendors, agents, consultants, and co-venturers of any member of the Company Group
(collectively, the “Product”), and all other confidential, trade secret, or proprietary information that relates to
the present or potential businesses, products, or services of the Company Group and/or that is disclosed or made available by the Company
Group to Employee during the period of Employee’s service with the Company Group (collectively, the “Confidential Information”),
as strictly confidential, and that Employee will not, directly or indirectly, use or disclose any Confidential Information to any other
persons or entities without the prior written consent of the Company Group other than (1) information regarding Employee’s
compensation, (2) disclosure required by law or legal process, (3) disclosure to Employee’s spouse and legal and financial
advisors, provided that Employee instructs any such persons of the confidential nature of such Confidential Information and to
not use or disclose such Confidential Information, and (4) to enforce Employee’s rights hereunder or under the Consulting Agreement.
Employee agrees to assume that all Product is proprietary or confidential, whether or not the same is in written or electronic form, including,
without limitation, forms and types of financial, business, marketing, operations, scientific, technical, economic, and engineering information,
whether tangible or intangible, including, without limitation, patterns, plans, compilations, devices, formulas, designs, prototypes,
methods, techniques, processes, procedures, programs, know-how, computer software, databases, product names or marks, marketing materials
or programs, plans, specifications, shop-practices, customer lists, supplier lists, engineering and manufacturing information, price lists,
costing information, employee and consulting relationship information, accounting and financial data, profit margin, marketing and sales
data, strategic plans, trade secrets, and all other proprietary information, irrespective of the method of storage, compilation, or memorialization,
if any. The Product and all information disclosed or made available by the Company Group to Employee during Employee’s service with
the Company Group shall constitute “Confidential Information” unless the Product or other Confidential Information (i) is
now or later becomes available in the public domain without breach by Employee of this Agreement and Release or any other obligations
owed by Employee under contract, policy, or law, (ii) was received from a third party without breach of any nondisclosure obligations
to the Company Group or otherwise in violation of the rights of the Company Group, or (iii) was developed by Employee independently
of any Confidential Information received from the Company Group. The foregoing shall be without limitation on any confidentiality or other
non-disclosure obligations owed by Employee to the Company Group under contract, policy, or law, which shall remain in full force and
effect.

 

    6

     

    

 

11.            Reports
to Government Entities. Nothing in this Agreement and Release, including the Confidentiality clause in Section 10 or the
Non-Disparagement clause in Section 13, restricts or prohibits Employee from initiating communications directly with, responding
to any inquiries from, providing testimony before, providing Confidential Information to, reporting possible violations of law or regulation
to, or from filing a claim or assisting with an investigation directly with a self-regulatory authority or a government agency or entity,
including the U.S. Equal Employment Opportunity Commission, the U.S. Department of Labor, the U.S. National Labor Relations Board, the
U.S. Department of Justice, the U.S. Securities and Exchange Commission, the U.S. Congress, and any agency Inspector General (collectively,
the “Regulators”), or from making other disclosures that are protected under the whistleblower provisions of state
or federal law or regulation. However, to the maximum extent permitted by law, Employee is waiving Employee’s right to receive any
individual monetary relief from the Company Group or any of the Company Released Parties resulting from such claims or conduct, regardless
of whether Employee or another party has filed them, and in the event Employee obtains such monetary relief, the Company will be entitled
to an offset for the payments made pursuant to this Agreement and Release to the extent permitted by Code Section 409A (as defined
below). This Agreement and Release does not limit Employee’s right to receive an award from any Regulator that provides awards for
providing information relating to a potential violation of law. Employee does not need the prior authorization of the Company to engage
in conduct protected by this Section 11, and Employee does not need to notify the Company that Employee has engaged in any
such conduct.

 

The Parties acknowledge that
pursuant to the Defend Trade Secrets Act of 2016, Employee shall not be subject to criminal or civil liability under any federal or state
trade secret law for the disclosure of any Company Group trade secret: (i) in confidence to a federal, state, or local government
official, either directly or indirectly, or to an attorney in confidence solely for the purpose of reporting or investigating a suspected
violation of law; (ii) in a complaint or other document filed in a lawsuit or other proceeding, provided that any complaint
or document containing the trade secret is filed under seal; or (iii) to an attorney representing Employee in a lawsuit for retaliation
by a member of the Company Group for reporting a suspected violation of law or to use the trade secret information in that court proceeding,
provided that any document containing the trade secret is filed under seal and Employee does not disclose the trade secret, except
pursuant to court order.

 

12.            Non-Competition;
Non-Solicitation.

 

(a)            Through
and including the Separation Date and at all times during the two (2)-year period thereafter (collectively, the “Restricted Period”),
Employee agrees that, in addition to any post-termination restrictive covenants (including any post-termination confidentiality, non-competition,
non-solicitation, or non-disparagement covenants) to which Employee is subject, Employee shall not without the prior written consent of
the Company’s Chief Executive Officer in his sole discretion, directly or indirectly, alone or jointly with any person or entity,
participate in, engage in, facilitate the participation or engagement in or otherwise be involved with, or be employed in, consult with,
advise or otherwise provide services to any natural gas, liquefied natural gas (LNG), hydrogen, ammonia or alternative fuel-related business,
other than Employee’s services to the Company Group under the Consulting Agreement.

 

    7

     

    

 

(b)            Employee
agrees that, through and including the Separation Date and at all times during the Restricted Period, Employee shall not, directly or
indirectly, individually or on behalf of any other person, firm, corporation, or other entity, solicit, aid, or induce any employee, representative,
agent, or independent contractor of any member of the Company Group to terminate or reduce their employment or engagement with the Company
Group or to accept employment with or render services to or with any other person, firm, corporation, or other entity unaffiliated with
the Company Group, take any action to materially assist or aid any other person, firm, corporation, or other entity in identifying, hiring,
or soliciting any such employee, representative, agent, or independent contractor of any member of the Company Group, or hire any such
employee, representative, agent, or independent contractor of any member of the Company Group. This Section 12(b) shall
not be violated by (i) general solicitations and job postings not specifically targeted to any employee, representative, agent, or
independent contractor of the Company Group, or (ii) Employee serving as a reference for any such employee, representative, agent,
or independent contractor upon request.

 

(c)            If
it is determined by a court of competent jurisdiction in any state that any restriction in this Section 12 is excessive in
duration or scope or is unreasonable or unenforceable under the laws of that state, it is the intention of the Parties that such restriction
may be modified or amended by the court to render it enforceable to the maximum extent permitted by the laws of that state. Employee acknowledges
and agrees that the Company Group’s remedies at law for a breach or threatened breach of any of the provisions of Sections 10,
12, 13, 14, or 15 hereof would be inadequate and, in recognition of this fact, Employee agrees that, in the
event of such a breach or threatened breach, in addition to any remedies at law, the Company, without posting any bond or other security,
shall be entitled to obtain equitable relief in the form of specific performance, a temporary restraining order, a temporary or permanent
injunction, or any other equitable remedy which may then be available, without the necessity of showing actual monetary damages. Without
limitation of the foregoing, in the event of a breach or threatened breach of any post-termination restrictive covenants and confidentiality
obligations to which Employee is subject (including, without limitation, Sections 10, 12, 13, 14, or 15
hereof), (i) Employee will immediately forfeit, without any consideration therefor, any then-outstanding and unpaid portion of the
Outstanding ICP LTI Award and the CIP Award, and (ii) the Company, in addition to and supplementary to any other rights and remedies
existing in its favor, whether at law or in equity, will be entitled to both (x) recoup from Employee any and all amounts paid to
Employee after the effective date of this Agreement and Release under either the Outstanding ICP LTI Award or the CIP Award, and (y) specific
performance and/or other injunctive or other equitable relief from a court of competent jurisdiction in order to enforce or prevent any
violations of such restrictive covenants or confidentiality obligations.

 

    8

     

    

 

13.            Non-Disparagement.

 

(a)            Subject
to Section 11 above, following the Separation Date, Employee acknowledges and agrees that Employee will not (and Employee
will cause the members of Employee’s household to not), directly or indirectly, engage or encourage others to engage in any form
of conduct that is disparaging to any Company Released Party, or make, publish, or communicate to any person or entity, orally or in writing,
any negative or disparaging remarks, comments, or statements about any Company Released Party. Employee further agrees not to take any
position, engagement, or action adverse to the Company Group or to support the same by any customer, investor, vendor, current or former
employee, or any other third party, including but not limited to any third-party demand, claim, or action, or to suggest to, request,
or cause any third party to cease doing business with the Company Group. The foregoing shall not be violated by truthful statements to
enforce Employee’s rights hereunder (or under the Consulting Agreement) or in response to legal process, required governmental testimony
or filings, or administrative or arbitral proceedings (including, without limitation, depositions in connection with such proceedings).

 

(b)            Following
the Separation Date, the Company agrees that it will instruct its senior officers to not, directly or indirectly, engage or encourage
others to engage in any form of conduct that is disparaging to Employee, or make, publish, or communicate to any person or entity, orally
or in writing, any negative or disparaging remarks, comments, or statements about Employee; provided, however, that this
covenant shall not limit the Company Group’s ability to exercise any and all rights hereunder or under the Consulting Agreement,
comply with any disclosure or reporting obligations, assess Employee’s employment and performance, or otherwise provide truthful
information about Employee, Employee’s employment, this Agreement and Release, the Consulting Agreement, or the termination of any
of the foregoing, and provided, further, that nothing herein shall prevent any Company Group director, officer, employee
or consultant from exercising any legally protected right.

 

(c)            For
purposes of this Agreement and Release, the term “disparaging” includes, without limitation, conduct, comments, judgments,
opinions, personal views or statements on the Internet (including, without limitation, by email, text, instant messaging, the publishing
of internet blogs, webpages, or social media websites) or other electronic or social media outlets, to the press and/or media by way of
news interviews, or to any individual or entity or any current or prospective customer or business associate or partner or employee which,
directly or by implication, whether or not done anonymously, creates or could tend to create, a detrimental, negative, critical, unfavorable,
or false impression regarding the other party or the conduct or goodwill or business or personal reputation of the other party and/or
any of its or their current or former directors, executives, officers, investors, and/or employees (as applicable), or that impugns the
character, honesty, integrity, morality, business acumen, competence, intelligence, or abilities of the other party and/or any of the
aforementioned individuals being disparaged (as applicable).

 

14.            Public
Statements. Subject to Section 11 above and except as otherwise pre-approved by the Company in writing, Employee agrees
not to issue, or cause to be issued, any press release or public statement or otherwise disclose any matter arising in connection with
this Agreement and Release, Employee’s employment with the Company, and/or the termination of Employee’s employment with the
Company.

 

    9

     

    

 

15.            Cooperation.
Upon the receipt of reasonable notice from the Company (including outside counsel), Employee agrees that Employee will fully cooperate
with, and will respond and provide information with regard to matters in which Employee has knowledge as a result of Employee’s
employment with the Company Group, and will provide reasonable assistance to the Company Group and its representatives in defense of any
claims that may be made against the Company Group, and will assist the Company Group in the prosecution of any claims that may be made
by the Company Group, to the extent that such claims may relate to the period of Employee’s employment with the Company or any services
provided during the Advisory Period. Employee agrees to promptly inform the Company if Employee becomes aware of any lawsuits involving
such claims that may be filed or threatened against the Company Group. Employee also agrees to promptly inform the Company (to the extent
that Employee is legally permitted to do so) if Employee is asked to assist in any investigation of the Company Group (or its actions),
regardless of whether a lawsuit or other proceeding has then been filed against the Company with respect to such investigation, and shall
not do so unless legally required. It is understood and agreed that in consideration of Employee’s cooperation pursuant to this
Section 15, the Company will reimburse Employee for any and all reasonable and necessary expenses incurred in connection with
such cooperation and approved in advance in accordance with the Company’s expense policies.

 

16.            Severability.
Each term and provision of this Agreement and Release shall be considered as severable and divisible from every other term and provision
and the invalidity or unenforceability of any one term or provision shall not limit the validity and enforceability, in whole or in part,
of any other term or provision hereof.

 

17.            Future
Employment. Employee waives and releases any right to be considered for any future employment by the Company Released Parties and
agrees that any refusal of employment in the future shall not constitute discrimination or retaliation by any of the Company Released
Parties. The Company Released Parties and Employee agree, however, that nothing contained in this Section shall prohibit the Company
Released Parties, in their sole discretion, from hiring Employee in the future although they are under no obligation whatsoever to hire
Employee or consider Employee for employment.

 

18.            Entire
Agreement. The Parties acknowledge that this Agreement and Release, together with the Consulting Agreement, constitutes the entire
agreement between them regarding the subject matter contained herein and therein, and supersedes all prior written and oral agreements
related to such subject matter (including, without limitation, any term sheet related hereto or thereto). This Agreement and Release may
not be modified, altered, or changed except by a written agreement signed by both Employee and a duly authorized representative of the
Company. If any provision of this Agreement and Release is held to be invalid, the remaining provisions shall not be affected. Notwithstanding
the foregoing, Employee’s covenants in Sections 10, 12, 13, 14, and 15 are in addition to, and
not in lieu of, any confidentiality, non-solicitation, non-competition, non-disparagement, cooperation, or similar restrictive covenants
that run in favor of the Company Group and by which Employee is bound.

 

19.            Governing
Law and Venue. This Agreement and Release shall be governed by the laws of the State of Texas. The Parties agree that all legal actions
brought by either party under this Agreement and Release shall be brought in a court located in Houston, Harris County, Texas. Accordingly,
the Parties consent to the personal jurisdiction of the courts located in Houston, Harris County, Texas, to the exclusion of any other
courts in any other counties, states, or countries.

 

    10

     

    

 

20.            Waiver
of Trial by Jury; Class Actions. THE PARTIES HERETO HEREBY WAIVE THE RIGHT TO A TRIAL BY JURY OR CLASS ACTION TO THE MAXIMUM
EXTENT PERMITTED BY LAW.

 

21.            Notices.
All notices to the Company under this Agreement and Release shall be made by Employee in writing to Tellurian Inc., 1201 Louisiana Street,
Suite 3100, Houston, TX 77002, Attn: Margie Harris, EVP, Chief Human Resources Officer, by hand delivery, UPS or similar carrier,
or certified mail, or electronic mail to margie.harris@tellurianinc.com. All notices to Employee under this Agreement and Release shall
be made by the Company in writing to Employee’s home address on file with the Company.

 

22.           Tax
Matters. The Company may withhold from any and all amounts payable under this Agreement
and Release or otherwise (including, without limitation, in respect of any payments under the Phase 1 and Phase 2 portions of the CIP
Award and the Outstanding ICP LTI Award) such federal, state, local, or non-U.S. taxes or other applicable deductions as may be required
to be withheld pursuant to any applicable law or regulation. The intent of the Parties is that payments and benefits under this Agreement
and Release comply with, or be exempt from, Section 409A (“Code Section 409A”) of the Internal Revenue Code
of 1986, as amended (the “Code”), and the Treasury Regulations and other interpretive guidance thereunder and, accordingly,
to the maximum extent permitted, this Agreement and Release shall be interpreted to be in compliance therewith. In no event shall any
member of the Company Group or any of their respective directors, managers, officers, members, employees, consultants or advisers be liable
for any additional tax, interest, or penalty that may be imposed on Employee by Code Section 409A or any damages for failing to comply
with Code Section 409A. A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement
and Release providing for the payment of any amounts or benefits upon or following a termination of employment that are considered “nonqualified
deferred compensation” under Code Section 409A unless such termination is also a “separation from service” within
the meaning of Code Section 409A, to the extent necessary to comply with Code Section 409A. If Employee is deemed on the date
of termination to be a “specified employee” within the meaning of that term under Code Section 409A(a)(2)(B), then, with
regard to any payment that is considered “nonqualified deferred compensation” under Code Section 409A payable on account
of a “separation from service,” such payment or benefit shall be made or provided at the date which is the earlier of (i) the
expiration of the six (6)-month period measured from the date of such “separation from service” of the Employee, and (ii) the
date of Employee’s death (the “Delay Period”). Upon the expiration of the Delay Period, all payments and benefits
delayed pursuant to this Section 22 (whether they would have otherwise been payable in a single sum or in installments in
the absence of such delay) shall be paid or reimbursed to Employee in a lump sum and any remaining payments and benefits due under this
Agreement and Release shall be paid or provided in accordance with the normal payment dates specified for them herein. With regard to
any provision in this Agreement and Release that provides for reimbursement of expenses, (i) any taxable reimbursement of costs and
expenses by the Company provided for under this Agreement shall be made in accordance with the Company’s applicable policy and in
no event later than December 31 of the calendar year next following the calendar year in which the expenses to be reimbursed are
incurred; (ii) the right to reimbursement is not subject to liquidation or exchange for another benefit; and (iii) the amount
of expenses eligible for reimbursement during any taxable year shall not affect the expenses eligible for reimbursement in any other taxable
year. For purposes of Code Section 409A, Employee’s right to receive any installment payments pursuant to this Agreement and
Release shall be treated as a right to receive a series of separate and distinct payments. In no event may Employee, directly or indirectly,
designate the calendar year of any payment to be made under this Agreement and Release that is considered nonqualified deferred compensation.
Whenever a payment under this Agreement and Release specifies a payment period with reference to a number of days, the actual date of
payment within the specified period shall be within the sole discretion of the Company.

 

23.            Counterparts.
This Agreement and Release may be executed in any number of counterparts (including in portable document format (“.pdf”) or
other electronic medium), each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

(Remainder of page intentionally blank.)

 

    11

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Retirement Agreement and General Release as of the date first written
below.

 

	 	EMPLOYEE
	 
	 	By:	 /s/ R. Keith Teague
	 	Name:	R. Keith Teague
	 	Dated:	 May 13, 2022
	 
	 	TELLURIAN INC.
	 
	 	By:	 /s/ Margie M. Harris
	 	Name:	Margie M. Harris
	 	Title:	EVP, Chief Human Resources Officer

 

[Signature Page to Tellurian
Retirement Agreement & General Release]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00344-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00344-of-00352.parquet"}]]