Document:

EX-10.1

 Exhibit 10.1 

AMERICAN WELL CORPORATION 

2006 EMPLOYEE, DIRECTOR AND CONSULTANT STOCK PLAN 

(As Amended and Restated Effective as of August, 2018) 
  

	1.	 DEFINITIONS. 

Unless otherwise specified or unless the context otherwise requires, the following terms, as used in this amended and restated American Well
Corporation 2006 Employee, Director and Consultant Stock Plan, have the following meanings: 
 Administrator means the Board of
Directors, unless it has delegated power to act on its behalf to the Committee, in which case the Administrator means the Committee. 

Affiliate means a corporation which, for purposes of Section 424 of the Code, is a parent or subsidiary of the Company, direct or
indirect. 
 Award Agreement means an Option Agreement, Stock Grant Agreement or RSU Agreement. 

Board of Directors means the Board of Directors of the Company. 

Code means the United States Internal Revenue Code of 1986, as amended. 

Committee means the committee of the Board of Directors to which the Board of Directors has delegated power to act under or pursuant to
the provisions of the Plan. 
 Common Stock means shares of the Company’s common stock, $.01 par value per share. 

Company means American Well Corporation, a Delaware corporation. 

Disability or Disabled means permanent and total disability as defined in Section 22(e)(3) of the Code. 

Employee means any employee of the Company or of an Affiliate (including, without limitation, an employee who is also serving as an
officer or director of the Company or of an Affiliate), designated by the Administrator to be eligible to be granted one or more Stock Rights under the Plan. 

Fair Market Value of a Share of Common Stock means: 

 (1) If the Common Stock is listed on a national securities exchange or traded in the over-the-counter market and sales prices are regularly reported for the Common Stock, the closing or last price of the Common Stock on the Composite Tape or other comparable
reporting system for the trading day on the applicable date and if such applicable date is not a trading day, the last market trading day prior to such date; 

(2) If the Common Stock is not traded on a national securities exchange but is traded on the over-the-counter market, if sales prices are not regularly reported for the Common Stock for the trading day referred to in clause (1), and if bid and asked prices for the Common Stock are regularly
reported, the mean between the bid and the asked price for the Common Stock at the close of trading in the over-the-counter market for the trading day on which Common
Stock was traded on the applicable date and if such applicable date is not a trading day, the last market trading day prior to such date; and 

(3) If the Common Stock is neither listed on a national securities exchange nor traded in the over-the-counter market, such value as the Administrator, in good faith, shall determine. 

ISO means an option meant to qualify as an incentive stock option under Section 422 of the Code. 

Non-Qualified Option means an option which is not intended to qualify as an ISO. 

Option means an ISO or Non-Qualified Option granted under the Plan. 

Option Agreement means an agreement between the Company and a Participant delivered pursuant to the Plan, in such form as the
Administrator shall approve. 
 Participant means an Employee, director or consultant of the Company or an Affiliate to whom one or
more Stock Rights are granted under the Plan. As used herein, “Participant” shall include “Participant’s Survivors” where the context requires. 

Plan means this American Well Corporation 2006 Employee, Director and Consultant Stock Plan, as amended and restated effective as of
[●], 2018. 
 RSU means a grant by the Company of restricted stock units with respect to Shares under the Plan. 

RSU Agreement means an agreement between the Company and a Participant delivered pursuant to the Plan, in such form as the Adminstrator
shall approve. 

  
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 Shares means shares of the Common Stock as to which Stock Rights have been or may be
granted under the Plan or any shares of capital stock into which the Shares are changed or for which they are exchanged within the provisions of Paragraph 3 of the Plan. The Shares issued under the Plan may be authorized and unissued shares or
shares held by the Company in its treasury, or both. 
 Stock Grant means a grant by the Company of Shares under the Plan. 

Stock Grant Agreement means an agreement between the Company and a Participant delivered pursuant to the Plan, in such form as the
Administrator shall approve. 
 Stock Right means a right to Shares of the Company granted pursuant to the Plan — an ISO, a Non-Qualified Option, a Stock Grant or an RSU. 
 Survivor means a deceased Participant’s legal
representatives and/or any person or persons who acquired the Participant’s rights to a Stock Right by will or by the laws of descent and distribution. 
  

	2.	 PURPOSES OF THE PLAN. 

The Plan is intended to encourage ownership of Shares by Employees and directors of and certain consultants to the Company in order to attract
and retain such people, to induce them to work for the benefit of the Company or of an Affiliate and to provide additional incentive for them to promote the success of the Company or of an Affiliate. The Plan provides for the granting of ISOs, Non-Qualified Options, Stock Grants and RSUs. 
  

	3.	 SHARES SUBJECT TO THE PLAN. 

(a) The number of Shares which may be issued from time to time pursuant to this Plan shall be 2,348,321, or the equivalent of such number of
Shares after the Administrator, in its sole discretion, has interpreted the effect of any stock split, stock dividend, combination, recapitalization or similar transaction in accordance with Paragraph 23 of the Plan. The maximum number of Shares
that may be granted pursuant to ISOs shall be 2,348,321 Shares, or the equivalent of such number of Shares after the Administrator, in its sole discretion, has interpreted the effect of any stock split, stock dividend, combination, recpapitalization
or similar transaction in accordance with Paragraph 23 of the Plan. 
 (b) If an Option or RSU ceases to be “outstanding,” in whole
or in part (other than by exercise or settlement), or if the Company shall reacquire (at not more than its original issuance price) any Shares issued pursuant to a Stock Grant, or if any Stock Right expires is forfeited, cancelled or otherwise
terminated or results in any Shares not being issued, the unissued Shares which were subject to such Stock Right shall again be available for the granting of other Stock Rights under the Plan. Any Option or RSU shall be treated as
“outstanding” until such Option or RSU is exercised or settled in full, or terminates or expires under the provisions of the Plan, or by agreement of the parties to the pertinent Award Agreement. Notwithstanding the foregoing, if

  
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a Stock Right is exercised or settled, in whole or in part, by tender of Shares or if the Company’s tax withholding obligation is satisfied by withholding Shares, the number of Shares deemed
to have been issued under the Plan for purposes of the limitation set forth in Paragraph 3(a) above shall be the number of Shares that were subject to the Stock Right or portion thereof, and not the net number of Shares actually issued. 

 

	4.	 ADMINISTRATION OF THE PLAN. 

The Administrator of the Plan will be the Board of Directors, except to the extent the Board of Directors delegates its authority to the
Committee, in which case the Committee shall be the Administrator. Subject to the provisions of the Plan, the Administrator is authorized to: 
  

	 	a.	 Interpret the provisions of the Plan or of any Stock Right and to make all rules and determinations which it
deems necessary or advisable for the administration of the Plan; 

  

	 	b.	 Determine which Employees, directors and consultants shall be granted Stock Rights; 

 

	 	c.	 Determine the number of Shares for which a Stock Right or Stock Rights shall be granted; 

 

	 	d.	 Specify the terms and conditions upon which a Stock Right or Stock Rights may be granted;

  

	 	e.	 Make changes to any outstanding Stock Right, including, without limitation, to reduce or increase the exercise
price or purchase price, accelerate the vesting schedule or extend the expiration date, provided that no such change shall impair the rights of a Participant under any grant previously made without such Participant’s consent;

  

	 	f.	 Buy out for a payment in cash or Shares, a Stock Right previously granted and/or cancel any such Stock Right
and grant in substitution therefor other Stock Rights, covering the same or a different number of Shares and having an exercise price or purchase price per share which may be lower or higher than the exercise price or purchase price of the cancelled
Stock Right, based on such terms and conditions as the Administrator shall establish and the Participant shall accept; and 

  

	 	e.	 Adopt any sub-plans applicable to residents of any specified
jurisdiction as it deems necessary or appropriate in order to comply with or take advantage of any tax or other laws applicable to the Company or to Plan Participants or to otherwise facilitate the administration of the Plan, which sub-plans may include additional restrictions or conditions applicable to Stock Rights or Shares issuable pursuant to a Stock Right; 

  
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 provided, however, that all such interpretations, rules, determinations, terms and conditions shall be made
and prescribed in the context of preserving the tax status under Section 422 of the Code of those Options which are designated as ISOs. Subject to the foregoing, the interpretation and construction by the Administrator of any provisions of the
Plan or of any Stock Right granted under it shall be final, unless otherwise determined by the Board of Directors, if the Administrator is the Committee. In addition, if the Administrator is the Committee, the Board of Directors may take any action
under the Plan that would otherwise be the responsibility of the Committee. 
 If permissible under applicable law, the Board of Directors
or the Committee may allocate all or any portion of its responsibilities and powers to any one or more of its members and may delegate all or any portion of its responsibilities and powers to any other person selected by it. Any such allocation or
delegation may be revoked by the Board of Directors or the Committee at any time. 
  

	5.	 ELIGIBILITY FOR PARTICIPATION. 

The Administrator will, in its sole discretion, name the Participants in the Plan, provided, however, that each Participant must be an
Employee, director or consultant of the Company or of an Affiliate at the time a Stock Right is granted. Notwithstanding the foregoing, the Administrator may authorize the grant of a Stock Right to a person not then an Employee, director or
consultant of the Company or of an Affiliate; provided, however, that the actual grant of such Stock Right shall be conditioned upon such person becoming eligible to become a Participant at or prior to the time of the execution of the Agreement
evidencing such Stock Right. ISOs may be granted only to Employees. Non-Qualified Options, Stock Grants and RSUs may be granted to any Employee, director or consultant of the Company or an Affiliate. The
granting of any Stock Right to any individual shall neither entitle that individual to, nor disqualify him or her from, participation in any other grant of Stock Rights. 
  

	6.	 TERMS AND CONDITIONS OF OPTIONS. 

Each Option shall be set forth in writing in an Option Agreement, duly executed by the Company and, to the extent required by law or requested
by the Company, by the Participant. The Administrator may provide that Options be granted subject to such terms and conditions, consistent with the terms and conditions specifically required under this Plan, as the Administrator may deem appropriate
including, without limitation, subsequent approval by the shareholders of the Company of this Plan or any amendments thereto. The Option Agreements shall be subject to at least the following terms and conditions: 

 

	 	A.	 Non-Qualified Options: Each Option intended to be a Non-Qualified Option shall be subject to the terms and conditions which the Administrator determines to be appropriate and in the best interest of the Company, subject to the following minimum standards for any such
Non-Qualified Option: 

  
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	 	a.	 Option Price: Each Option Agreement shall state the option price (per share) of the Shares covered by each
Option, which option price shall be determined by the Administrator but shall not be less than 85% of the Fair Market Value per share of Common Stock. 

  

	 	b.	 Each Option Agreement shall state the number of Shares to which it pertains; 

 

	 	c.	 Each Option Agreement shall state the date or dates on which it first is exercisable and the date after which
it may no longer be exercised, and may provide that the Option rights accrue or become exercisable in installments over a period of months or years, or upon the occurrence of certain conditions or the attainment of stated goals or events; and

  

	 	d.	 Exercise of any Option may be conditioned upon the Participant’s execution of a Share purchase agreement
in form satisfactory to the Administrator providing for certain protections for the Company and its other shareholders, including requirements that: 

  

	 	i.	 The Participant’s or the Participant’s Survivors’ right to sell or transfer the Shares may be
restricted; and 

  

	 	ii.	 The Participant or the Participant’s Survivors may be required to execute letters of investment intent and
must also acknowledge that the Shares will bear legends noting any applicable restrictions. 

  

	 	B.	 ISOs: Each Option intended to be an ISO shall be issued only to an Employee and be subject to the
following terms and conditions, with such additional restrictions or changes as the Administrator determines are appropriate but not in conflict with Section 422 of the Code and relevant regulations and rulings of the Internal Revenue Service:

  

	 	a.	 Minimum standards: The ISO shall meet the minimum standards required of
Non-Qualified Options, as described in Paragraph 6(A) above, except clause (a) thereunder. 

  

	 	b.	 Option Price: Immediately before the ISO is granted, if the Participant owns, directly or by reason of the
applicable attribution rules in Section 424(d) of the Code: 

  

	 	i.	 10% or less of the total combined voting power of all classes of stock of the Company or an Affiliate,
the Option price per share of the Shares covered by each ISO shall not be less than 100% of the Fair Market Value per share of the Shares on the date of the grant of the Option; or 

  
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	 	ii.	 More than 10% of the total combined voting power of all classes of stock of the Company or an Affiliate, the
Option price per share of the Shares covered by each ISO shall not be less than 110% of the Fair Market Value on the date of grant. 

  

	 	c.	 Term of Option: For Participants who own: 

 

	 	i.	 10% or less of the total combined voting power of all classes of stock of the Company or an Affiliate,
each ISO shall terminate not more than ten years from the date of the grant or at such earlier time as the Option Agreement may provide; or 

  

	 	ii.	 More than 10% of the total combined voting power of all classes of stock of the Company or an Affiliate, each
ISO shall terminate not more than five years from the date of the grant or at such earlier time as the Option Agreement may provide. 

  

	 	d.	 Limitation on Yearly Exercise: The Option Agreements shall restrict the amount of ISOs which may become
exercisable in any calendar year (under this or any other ISO plan of the Company or an Affiliate) so that the aggregate Fair Market Value (determined at the time each ISO is granted) of the stock with respect to which ISOs are exercisable for the
first time by the Participant in any calendar year does not exceed $100,000. 

  

	7.	 TERMS AND CONDITIONS OF STOCK GRANTS. 

Each offer of a Stock Grant to a Participant shall state the date prior to which the Stock Grant must be accepted by the Participant, and the
principal terms of each Stock Grant shall be set forth in a Stock Grant Agreement, duly executed by the Company and, to the extent required by law or requested by the Company, by the Participant. The Stock Grant Agreement shall be in a form approved
by the Administrator and shall contain terms and conditions which the Administrator determines to be appropriate and in the best interest of the Company, subject to the following minimum standards: 

 

	 	(a)	 Each Stock Grant Agreement shall state the purchase price (per share), if any, of the Shares covered by each
Stock Grant, which purchase price shall be determined by the Administrator but shall not be less than the minimum consideration required by the Delaware General Corporation Law on the date of the grant of the Stock Grant; 

 

	 	(b)	 Each Stock Grant Agreement shall state the number of Shares to which the Stock Grant pertains; and

  
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	 	(c)	 Each Stock Grant Agreement shall include the terms of any right of the Company to restrict or reacquire the
Shares subject to the Stock Grant, including the time and events upon which such rights shall accrue and the purchase price therefor, if any. 

  

	7A.	 TERMS AND CONDITIONS OF RSUS. 

Each RSU shall be set forth in writing in an RSU Agreement, duly executed by the Company and, to the extent required by law or requested by the
Company, by the Participant. The Administrator may provide that RSUs be granted subject to such terms and conditions, consistent with the terms and conditions specifically required under this Plan, as the Administrator may deem appropriate
including, without limitation, subsequent approval by the shareholders of the Company of this Plan or any amendments thereto. The RSU Agreement shall be in a form approved by the Administrator and shall contain terms and conditions which the
Administrator determines to be appropriate and in the best interest of the Company, subject to the following minimum standards: 
  

	 	(a)	 Each RSU Agreement shall state the number of Shares to which the RSU pertains; 

 

	 	(b)	 Each RSU Agreement shall state the date or dates on which it first is vested and/or settled and may provide
that such vesting and/or settlement occur in installments over a period of months or years, or upon the occurrence of certain conditions or the attainment of stated goals or events; and 

 

	 	(c)	 Settlement of any RSU may be conditioned upon the Participant’s execution of an agreement in form
satisfactory to the Administrator providing for certain protections for the Company and its other shareholders, including requirements that: 

  

	 	i.	 The Participant’s or the Participant’s Survivors’ right to sell or transfer the Shares may be
restricted; and 

  

	 	ii.	 The Participant or the Participant’s Survivors may be required to execute letters of investment intent and
must also acknowledge that the Shares will bear legends noting any applicable restrictions. 

  

	8.	 EXERCISE OF OPTIONS AND ISSUE OF SHARES. 

An Option (or any part or installment thereof) shall be exercised by giving written notice to the Company or its designee, together with
provision for payment of the full purchase price in accordance with this Paragraph for the Shares as to which the Option is being exercised, and upon compliance with any other condition(s) set forth in the Option Agreement. Such notice shall be
signed by the person exercising the Option, shall state the number of Shares with respect to which the Option is being exercised and shall contain any representation required by the Plan or the Option Agreement. Payment of the purchase price for the
Shares as to which such Option 

  
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is being exercised shall be made (a) in United States dollars in cash or by check, or (b) at the discretion of the Administrator, through delivery of shares of Common Stock having a
Fair Market Value equal as of the date of the exercise to the cash exercise price of the Option and held for at least six months, or (c) at the discretion of the Administrator, by having the Company retain from the shares otherwise issuable
upon exercise of the Option, a number of shares having a Fair Market Value equal as of the date of exercise to the exercise price of the Option, or (d) at the discretion of the Administrator, by delivery of the grantee’s personal recourse
note, bearing interest payable not less than annually at no less than 100% of the applicable Federal rate, as defined in Section 1274(d) of the Code, or (e) at the discretion of the Administrator, in accordance with a cashless exercise
program established with a securities brokerage firm, and approved by the Administrator, or (f) at the discretion of the Administrator, by any combination of (a), (b), (c) (d) and (e) above, or (g) at the discretion of the
Administrator, payment of such other lawful consideration as the Administrator may determine. Notwithstanding the foregoing, the Administrator shall accept only such payment on exercise of an ISO as is permitted by Section 422 of the Code. 

The Company shall then reasonably promptly deliver the Shares as to which such Option was exercised to the Participant (or to the
Participant’s Survivors, as the case may be). In determining what constitutes “reasonably promptly,” it is expressly understood that the issuance and delivery of the Shares may be delayed by the Company in order to comply with any law
or regulation (including, without limitation, state securities or “blue sky” laws) which requires the Company to take any action with respect to the Shares prior to their issuance. The Shares shall, upon delivery, be fully paid, non-assessable Shares. 
 The Administrator shall have the right to accelerate the date of exercise of any
installment of any Option; provided that the Administrator shall not accelerate the exercise date of any installment of any Option granted to an Employee as an ISO (and not previously converted into a
Non-Qualified Option pursuant to Paragraph 26) without the prior approval of the Employee if such acceleration would violate the annual vesting limitation contained in Section 422(d) of the Code, as
described in Paragraph 6.B.d. 
 The Administrator may, in its discretion, amend any term or condition of an outstanding Option provided
(i) such term or condition as amended is permitted by the Plan, (ii) any such amendment shall be made only with the consent of the Participant to whom the Option was granted, or in the event of the death of the Participant, the
Participant’s Survivors, if the amendment is adverse to the Participant, and (iii) any such amendment of any Option shall be made only after the Administrator determines whether such amendment would constitute a “modification” of
any Option which is an ISO (as that term is defined in Section 424(h) of the Code) or would cause any adverse tax consequences for the holder of such Option including, but not limited to, pursuant to Section 409A of the Code. 

 

  
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	9.	 ACCEPTANCE OF STOCK GRANT AND ISSUE OF SHARES. 

A Stock Grant (or any part or installment thereof) shall be accepted by executing the Stock Grant Agreement and delivering it to the Company or
its designee, together with provision for payment of the full purchase price, if any, in accordance with this Paragraph for the Shares as to which such Stock Grant is being accepted, and upon compliance with any other conditions set forth in the
Stock Grant Agreement. Payment of the purchase price for the Shares as to which such Stock Grant is being accepted shall be made (a) in United States dollars in cash or by check, or (b) at the discretion of the Administrator, through
delivery of shares of Common Stock held for at least six months and having a Fair Market Value equal as of the date of acceptance of the Stock Grant to the purchase price of the Stock Grant, or (c) at the discretion of the Administrator, by
delivery of the grantee’s personal recourse note, bearing interest payable not less than annually at no less than 100% of the applicable Federal rate, as defined in Section 1274(d) of the Code, or (d) at the discretion of the
Administrator, by any combination of (a), (b) and (c) above; or (e) at the discretion of the Administrator, payment of such other lawful consideration as the Administrator may determine. 

The Company shall then, if required by the applicable Stock Grant Agreement, reasonably promptly deliver the Shares as to which such Stock
Grant was accepted to the Participant (or to the Participant’s Survivors, as the case may be), subject to any escrow provision set forth in the Stock Grant Agreement. In determining what constitutes “reasonably promptly,” it is
expressly understood that the issuance and delivery of the Shares may be delayed by the Company in order to comply with any law or regulation (including, without limitation, state securities or “blue sky” laws) which requires the Company
to take any action with respect to the Shares prior to their issuance. 
 The Administrator may, in its discretion, amend any term or
condition of an outstanding Stock Grant or Stock Grant Agreement provided (i) such term or condition as amended is permitted by the Plan, and (ii) any such amendment shall be made only with the consent of the Participant to whom the Stock
Grant was made, if the amendment is adverse to the Participant. 
  

	9A.	 SETTLEMENT OF RSUS AND ISSUE OF SHARES. 

Settlement of RSUs may be in Shares, cash or a combination thereof, as determined by the Administrator and stated in the applicable RSU
Agreement. Upon settlement of RSUs, the Company shall, if required by the applicable RSU Agreement, reasonably promptly deliver the Shares as to which such RSU was granted to the Participant (or to the Participant’s Survivors, as the case may
be). In determining what constitutes “reasonably promptly,” it is expressly understood that the issuance and delivery of the Shares may be delayed by the Company in order to comply with any law or regulation (including, without limitation,
state securities or “blue sky” laws) which requires the Company to take any action with respect to the Shares prior to their issuance. The Shares shall, upon delivery, be fully paid, non-assessable
Shares. 
 The Administrator shall have the right to accelerate the date of vesting of any installment of any RSU. 

The Administrator may, in its discretion, amend any term or condition of an outstanding RSU provided (i) such term or condition as
amended is permitted by the Plan, and (ii) any such amendment shall be made only with the consent of the Participant to whom the RSU was granted, or in the event of the death of the Participant, the Participant’s Survivors, if the
amendment is adverse to the Participant and (iii) any such amendment of any RSU shall be made only after the Administrator determines whether such amendment would cause any adverse tax consequences for the holder of such RSU including, but not
limited to, pursuant to Section 409A of the Code. 

  
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	10.	 RIGHTS AS A SHAREHOLDER. 

No Participant to whom a Stock Right has been granted shall have rights as a shareholder with respect to any Shares covered by such Stock
Right, except after due exercise of the Option, acceptance of the Stock Grant or settlement of an RSU and tender of the full purchase price, if any, for the Shares being purchased pursuant to such exercise or acceptance and registration of the
Shares in the Company’s share register in the name of the Participant. In the case of RSUs, the RSU Agreement shall specify the effect, if any, of dividends paid on Shares during the period such RSU is outstanding. 

 

	11.	 ASSIGNABILITY AND TRANSFERABILITY OF STOCK RIGHTS. 

By its terms, a Stock Right granted to a Participant shall not be transferable by the Participant other than (i) by will or by the laws of
descent and distribution, or (ii) as approved by the Administrator in its discretion and set forth in the applicable Award Agreement. Notwithstanding the foregoing, an ISO transferred except in compliance with clause (i) above shall no
longer qualify as an ISO. The designation of a beneficiary of a Stock Right by a Participant, with the prior approval of the Administrator and in such form as the Administrator shall prescribe, shall not be deemed a transfer prohibited by this
Paragraph. Except as provided above, a Stock Right shall only be exercisable, may only be accepted or shall only be settled during the Participant’s lifetime, only by such Participant (or by his or her legal representative) and shall not be
assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process. Any attempted transfer, assignment, pledge, hypothecation or other disposition of any Stock
Right or of any rights granted thereunder contrary to the provisions of this Plan, or the levy of any attachment or similar process upon a Stock Right, shall be null and void. 

 

	12.	 EFFECT ON OPTIONS OF TERMINATION OF SERVICE OTHER THAN “FOR CAUSE” OR DEATH OR DISABILITY.

 Except as otherwise provided in a Participant’s Option Agreement, in the event of a termination of service (whether
as an employee, director or consultant) with the Company or an Affiliate before the Participant has exercised an Option, the following rules apply: 
  

	 	a.	 A Participant who ceases to be an employee, director or consultant of the Company or of an Affiliate (for any
reason other than termination “for cause,” Disability, or death for which events there are special rules in Paragraphs 13, 14, and 15, respectively), may exercise any Option granted to him or her to the extent that the Option is
exercisable on the date of such termination of service, but only within such term as the Administrator has designated in a Participant’s Option Agreement. 

  
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	 	b.	 Except as provided in Subparagraph (c) below, or Paragraph 14 or 15, in no event may an Option intended to
be an ISO, be exercised later than three months after the Participant’s termination of employment. 

  

	 	c.	 The provisions of this Paragraph, and not the provisions of Paragraph 14 or 15, shall apply to a Participant
who subsequently becomes Disabled or dies after the termination of employment, director status or consultancy, provided, however, in the case of a Participant’s Disability or death within three months after the termination of employment,
director status or consultancy, the Participant or the Participant’s Survivors may exercise the Option within one year after the date of the Participant’s termination of service, but in no event after the date of expiration of the term of
the Option. 

  

	 	d.	 Notwithstanding anything herein to the contrary, if subsequent to a Participant’s termination of
employment, termination of director status or termination of consultancy, but prior to the exercise of an Option, the Board of Directors determines that, either prior or subsequent to the Participant’s termination, the Participant engaged in
conduct which would constitute “cause”, then such Participant shall forthwith cease to have any right to exercise any Option. 

  

	 	e.	 A Participant to whom an Option has been granted under the Plan who is absent from work with the Company or
with an Affiliate because of temporary disability (any disability other than a Disability as defined in Paragraph 1 hereof), or who is on leave of absence for any purpose, shall not, during the period of any such absence, be deemed, by virtue of
such absence alone, to have terminated such Participant’s employment, director status or consultancy with the Company or with an Affiliate, except as the Administrator may otherwise expressly provide. 

 

	 	f.	 Except as required by law or as set forth in a Participant’s Option Agreement, Options granted under the
Plan shall not be affected by any change of a Participant’s status within or among the Company and any Affiliates, so long as the Participant continues to be an employee, director or consultant of the Company or any Affiliate.

  

	13.	 EFFECT ON OPTIONS OF TERMINATION OF SERVICE “FOR CAUSE”. 

Except as otherwise provided in a Participant’s Option Agreement, the following rules apply if the Participant’s service (whether as
an employee, director or consultant) with the Company or an Affiliate is terminated “for cause” prior to the time that all his or her outstanding Options have been exercised: 

 

	 	a.	 All outstanding and unexercised Options as of the time the Participant is notified his or her service is
terminated “for cause” will immediately be forfeited. 

  
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	 	b.	 For purposes of this Plan, “cause” shall include (and is not limited to) dishonesty with respect to
the Company or any Affiliate, insubordination, substantial malfeasance or non-feasance of duty, unauthorized disclosure of confidential information, breach by the Participant of any provision of any
employment, consulting, advisory, nondisclosure, non-competition or similar agreement between the Participant and the Company, and conduct substantially prejudicial to the business of the Company or any
Affiliate. The determination of the Administrator as to the existence of “cause” will be conclusive on the Participant and the Company. 

  

	 	c.	 “Cause” is not limited to events which have occurred prior to a Participant’s termination of
service, nor is it necessary that the Administrator’s finding of “cause” occur prior to termination. If the Administrator determines, subsequent to a Participant’s termination of service but prior to the exercise of an Option,
that either prior or subsequent to the Participant’s termination the Participant engaged in conduct which would constitute “cause,” then the right to exercise any Option is forfeited. 

 

	 	d.	 Any definition in an agreement between the Participant and the Company or an Affiliate, which contains a
conflicting definition of “cause” for termination and which is in effect at the time of such termination, shall supersede the definition in this Plan with respect to that Participant. 

 

	14.	 EFFECT ON OPTIONS OF TERMINATION OF SERVICE FOR DISABILITY. 

Except as otherwise provided in a Participant’s Option Agreement, a Participant who ceases to be an employee, director or consultant of
the Company or of an Affiliate by reason of Disability may exercise any Option granted to such Participant: 
  

	 	a.	 To the extent that the Option has become exercisable but has not been exercised on the date of Disability; and

  

	 	b.	 In the event rights to exercise the Option accrue periodically, to the extent of a pro rata portion through the
date of Disability of any additional vesting rights that would have accrued on the next vesting date had the Participant not become Disabled. The proration shall be based upon the number of days accrued in the current vesting period prior to the
date of Disability. 

 A Disabled Participant may exercise such rights only within the period ending one year after the
date of the Participant’s Disability, notwithstanding that the Participant might have been able to exercise the Option as to some or all of the Shares on a later date if the Participant had not become Disabled and had continued to be an
employee, director or consultant or, if earlier, within the originally prescribed term of the Option. 

  
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 The Administrator shall make the determination both of whether Disability has occurred and
the date of its occurrence (unless a procedure for such determination is set forth in another agreement between the Company and such Participant, in which case such procedure shall be used for such determination). If requested, the Participant shall
be examined by a physician selected or approved by the Administrator, the cost of which examination shall be paid for by the Company. 
  

	15.	 EFFECT ON OPTIONS OF DEATH WHILE AN EMPLOYEE, DIRECTOR OR CONSULTANT. 

Except as otherwise provided in a Participant’s Option Agreement, in the event of the death of a Participant while the Participant is an
employee, director or consultant of the Company or of an Affiliate, such Option may be exercised by the Participant’s Survivors: 
  

	 	a.	 To the extent that the Option has become exercisable but has not been exercised on the date of death; and

  

	 	b.	 In the event rights to exercise the Option accrue periodically, to the extent of a pro rata portion through the
date of death of any additional vesting rights that would have accrued on the next vesting date had the Participant not died. The proration shall be based upon the number of days accrued in the current vesting period prior to the Participant’s
date of death. 

 If the Participant’s Survivors wish to exercise the Option, they must take all necessary steps to
exercise the Option within one year after the date of death of such Participant, notwithstanding that the decedent might have been able to exercise the Option as to some or all of the Shares on a later date if he or she had not died and had
continued to be an employee, director or consultant or, if earlier, within the originally prescribed term of the Option. 
  

	16.	 EFFECT OF TERMINATION OF SERVICE ON UNACCEPTED STOCK GRANTS. 

In the event of a termination of service (whether as an employee, director or consultant) with the Company or an Affiliate for any reason
before the Participant has accepted a Stock Grant, such offer shall terminate. 
 For purposes of this Paragraph 16 and Paragraph 17 below,
a Participant to whom a Stock Grant has been offered and accepted under the Plan who is absent from work with the Company or with an Affiliate because of temporary disability (any disability other than a Disability as defined in Paragraph 1 hereof),
or who is on leave of absence for any purpose, shall not, during the period of any such absence, be deemed, by virtue of such absence alone, to have terminated such Participant’s employment, director status or consultancy with the Company or
with an Affiliate, except as the Administrator may otherwise expressly provide. 

  
 14 

 In addition, for purposes of this Paragraph 16 and Paragraph 17 below, any change of
employment or other service within or among the Company and any Affiliates shall not be treated as a termination of employment, director status or consultancy so long as the Participant continues to be an employee, director or consultant of the
Company or any Affiliate. 
  

	17.	 EFFECT ON STOCK GRANTS OF TERMINATION OF SERVICE OTHER THAN “FOR CAUSE” OR DEATH OR
DISABILITY. 

 Except as otherwise provided in a Participant’s Stock Grant Agreement, in the event of a
termination of service (whether as an employee, director or consultant), other than termination “for cause,” Disability, or death for which events there are special rules in Paragraphs 18, 19, and 20, respectively, before all forfeiture
provisions or Company rights of repurchase shall have lapsed, then the Company shall have the right to cancel or repurchase that number of Shares subject to a Stock Grant as to which the Company’s forfeiture or repurchase rights have not
lapsed. 
  

	17A.	 EFFECT ON RSUS OF TERMINATION OF SERVICE OTHER THAN “FOR CAUSE” OR DEATH OR DISABILITY.

 Except as otherwise provided in a Participant’s RSU Agreement, in the event of a termination of service (whether as
an employee, director or consultant), other than termination “for cause,” Disability, or death for which events there are special rules in Paragraphs 18A, 19A, and 20A, respectively, before all vesting conditions shall have been satisfied,
then any RSUs that are not vested as of the date of such termination of service shall be forfeited. 
  

	18.	 EFFECT ON STOCK GRANTS OF TERMINATION OF SERVICE “FOR CAUSE”. 

Except as otherwise provided in a Participant’s Stock Grant Agreement, the following rules apply if the Participant’s service
(whether as an employee, director or consultant) with the Company or an Affiliate is terminated “for cause”: 
  

	 	a.	 All Shares subject to any Stock Grant shall be immediately subject to repurchase by the Company at the purchase
price, if any, thereof. 

  

	 	b.	 For purposes of this Plan, “cause” shall include (and is not limited to) dishonesty with respect to
the employer, insubordination, substantial malfeasance or non-feasance of duty, unauthorized disclosure of confidential information, breach by the Participant of any provision of any employment, consulting,
advisory, nondisclosure, non-competition or similar agreement between the Participant and the Company, and conduct substantially prejudicial to the business of the Company or any Affiliate. The determination of the Administrator as to the existence
of “cause” will be conclusive on the Participant and the Company. 

  
 15 

	 	c.	 “Cause” is not limited to events which have occurred prior to a Participant’s termination of
service, nor is it necessary that the Administrator’s finding of “cause” occur prior to termination. If the Administrator determines, subsequent to a Participant’s termination of service, that either prior or subsequent to the
Participant’s termination the Participant engaged in conduct which would constitute “cause,” then the Company’s right to repurchase all of such Participant’s Shares shall apply. 

 

	 	d.	 Any definition in an agreement between the Participant and the Company or an Affiliate, which contains a
conflicting definition of “cause” for termination and which is in effect at the time of such termination, shall supersede the definition in this Plan with respect to that Participant. 

 

	18A.	 EFFECT ON RSUS OF TERMINATION OF SERVICE “FOR CAUSE”. 

Except as otherwise provided in a Participant’s RSU Agreement, the following rules apply if the Participant’s service (whether as an
employee, director or consultant) with the Company or an Affiliate is terminated “for cause”: 
  

	 	a.	 All outstanding RSUs, whether vested or unvested, as of the time the Participant is notified his or her service
is terminated “for cause” will immediately be forfeited. 

  

	 	b.	 For purposes of this Plan, “cause” shall include (and is not limited to) dishonesty with respect to
the Company or any Affiliate, insubordination, substantial malfeasance or non-feasance of duty, unauthorized disclosure of confidential information, breach by the Participant of any provision of any
employment, consulting, advisory, nondisclosure, non-competition or similar agreement between the Participant and the Company, and conduct substantially prejudicial to the business of the Company or any
Affiliate. The determination of the Administrator as to the existence of “cause” will be conclusive on the Participant and the Company. 

  

	 	c.	 “Cause” is not limited to events which have occurred prior to a Participant’s termination of
service, nor is it necessary that the Administrator’s finding of “cause” occur prior to termination. If the Administrator determines, subsequent to a Participant’s termination of service, that either prior or subsequent to the
Participant’s termination the Participant engaged in conduct which would constitute “cause,” then the RSU shall be forfeited. 

  

	 	d.	 Any definition in an agreement between the Participant and the Company or an Affiliate, which contains a
conflicting definition of “cause” for termination and which is in effect at the time of such termination, shall supersede the definition in this Plan with respect to that Participant. 

  
 16 

	19.	 EFFECT ON STOCK GRANTS OF TERMINATION OF SERVICE FOR DISABILITY. 

Except as otherwise provided in a Participant’s Stock Grant Agreement, the following rules apply if a Participant ceases to be an
employee, director or consultant of the Company or of an Affiliate by reason of Disability: to the extent the forfeiture provisions or the Company’s rights of repurchase have not lapsed on the date of Disability, they shall be exercisable;
provided, however, that in the event such forfeiture provisions or rights of repurchase lapse periodically, such provisions or rights shall lapse to the extent of a pro rata portion of the Shares subject to such Stock Grant through the date of
Disability as would have lapsed had the Participant not become Disabled. The proration shall be based upon the number of days accrued prior to the date of Disability. 

The Administrator shall make the determination both of whether Disability has occurred and the date of its occurrence (unless a procedure for
such determination is set forth in another agreement between the Company and such Participant, in which case such procedure shall be used for such determination). If requested, the Participant shall be examined by a physician selected or approved by
the Administrator, the cost of which examination shall be paid for by the Company. 
  

	19A.	 EFFECT ON RSUS OF TERMINATION OF SERVICE FOR DISABILITY. 

Except as otherwise provided in a Participant’s RSU Agreement, the following rules apply if a Participant ceases to be an employee,
director or consultant of the Company or of an Affiliate by reason of Disability: to the extent the vesting conditions of the RSUs have not been satisfied on the date of Disability, the RSUs shall be forfeited; provided, however, that in the event
such RSUs vest periodically, such RSUs shall vest to the extent of a pro rata portion of the Shares subject to such RSUs through the date of Disability as would have vested had the Participant not become Disabled. The proration shall be based upon
the number of days accrued prior to the date of Disability. 
 The Administrator shall make the determination both of whether Disability has
occurred and the date of its occurrence (unless a procedure for such determination is set forth in another agreement between the Company and such Participant, in which case such procedure shall be used for such determination). If requested, the
Participant shall be examined by a physician selected or approved by the Administrator, the cost of which examination shall be paid for by the Company. 
  

	20.	 EFFECT ON STOCK GRANTS OF DEATH WHILE AN EMPLOYEE, DIRECTOR OR CONSULTANT. 

Except as otherwise provided in a Participant’s Stock Grant Agreement, the following rules apply in the event of the death of a
Participant while the Participant is an employee, director or consultant of the Company or of an Affiliate: to the extent the forfeiture provisions or the Company’s rights of repurchase have not lapsed on the date of death, they shall be

  
 17 

 
exercisable; provided, however, that in the event such forfeiture provisions or rights of repurchase lapse periodically, such provisions or rights shall lapse to the extent of a pro rata portion
of the Shares subject to such Stock Grant through the date of death as would have lapsed had the Participant not died. The proration shall be based upon the number of days accrued prior to the Participant’s death. 

 

	20A.	 EFFECT ON RSUS OF DEATH WHILE AN EMPLOYEE, DIRECTOR OR CONSULTANT. 

Except as otherwise provided in a Participant’s RSU Agreement, the following rules apply in the event of the death of a Participant while
the Participant is an employee, director or consultant of the Company or of an Affiliate: to the extent the vesting conditions of the RSUs have not been satisfied on the date of death, the RSUs shall be forfeited; provided, however, that in the
event such RSUs vest periodically, such RSUs shall vest to the extent of a pro rata portion of the Shares subject to such RSUs through the date of death as would have vested had the Participant not died. The proration shall be based upon the number
of days accrued prior to the Participant’s death. 
  

	21.	 PURCHASE FOR INVESTMENT. 

Unless the offering and sale of the Shares to be issued upon the particular exercise, acceptance or settlement of a Stock Right shall have been
effectively registered under the Securities Act of 1933, as now in force or hereafter amended (the “1933 Act”), the Company shall be under no obligation to issue the Shares covered by such exercise, acceptance or settlement unless and
until the following conditions have been fulfilled: 
  

	 	a.	 The person(s) who exercise(s) or accept(s) an Option or Stock Grant, or acquire(s) Shares upon settlement of an
RSU, shall warrant to the Company, prior to the receipt of such Shares, that such person(s) are acquiring such Shares for their own respective accounts, for investment, and not with a view to, or for sale in connection with, the distribution of any
such Shares, in which event the person(s) acquiring such Shares shall be bound by the provisions of the following legend which shall be endorsed upon the certificate(s) evidencing their Shares issued pursuant to such exercise, grant or settlement:

 “The shares represented by this certificate have been taken for investment and they may not be sold or otherwise
transferred by any person, including a pledgee, unless (1) either (a) a Registration Statement with respect to such shares shall be effective under the Securities Act of 1933, as amended, or (b) the Company shall have received an opinion
of counsel satisfactory to it that an exemption from registration under such Act is then available, and (2) there shall have been compliance with all applicable state securities laws.” 

  
 18 

	 	b.	 At the discretion of the Administrator, the Company shall have received an opinion of its counsel that the
Shares may be issued upon such particular exercise, acceptance or settlement in compliance with the 1933 Act without registration thereunder. 

  

	22.	 DISSOLUTION OR LIQUIDATION OF THE COMPANY. 

Upon the dissolution or liquidation of the Company, all Options granted under this Plan which as of such date shall not have been exercised,
all Stock Grants which have not been accepted and all RSUs which have not settled will terminate and become null and void; provided, however, that if the rights of a Participant or a Participant’s Survivors have not otherwise terminated and
expired, the Participant or the Participant’s Survivors will have the right immediately prior to such dissolution or liquidation to exercise, accept or have settled any Stock Right to the extent that the Stock Right is exercisable, subject to
acceptance or vested as of the date immediately prior to such dissolution or liquidation. 
  

	23.	 ADJUSTMENTS. 

Upon the occurrence of any of the following events, a Participant’s rights with respect to any Stock Right granted to him or her hereunder
shall be adjusted as hereinafter provided, unless otherwise specifically provided in a Participant’s Award Agreement: 
 A. Stock
Dividends and Stock Splits. If (i) the shares of Common Stock shall be subdivided or combined into a greater or smaller number of shares or if the Company shall issue any shares of Common Stock as a stock dividend on its outstanding Common
Stock, or (ii) additional shares or new or different shares or other securities of the Company or other non-cash assets are distributed with respect to such shares of Common Stock, the number of shares of
Common Stock deliverable upon the exercise, acceptance or settlement of such Stock Right shall be appropriately increased or decreased proportionately, and appropriate adjustments shall be made including, in the purchase price per share, if any, to
reflect such events. The number of Shares subject to the limitation in Paragraph 3(a) shall also be proportionately adjusted upon the occurrence of such events. 

B. Corporate Transactions. If the Company is to be consolidated with or acquired by another entity in a merger, sale of all or
substantially all of the Company’s assets other than a transaction to merely change the state of incorporation (a “Corporate Transaction”), the Administrator or the board of directors of any entity assuming the obligations of the
Company hereunder (the “Successor Board”), shall, as to outstanding Options, either (i) make appropriate provision for the continuation of such Options by substituting on an equitable basis for the Shares then subject to such Options
either the consideration payable with respect to the outstanding shares of Common Stock in connection with the Corporate Transaction or securities of any successor or acquiring entity; or (ii) upon written notice to the Participants, provide
that all Options must be exercised (either to the extent then exercisable or, at the discretion of the Administrator, or, upon a change of control of the Company, all Options being made fully 

  
 19 

 
exercisable for purposes of this Subparagraph), within a specified number of days of the date of such notice, at the end of which period the Options shall terminate; or (iii) terminate all
Options in exchange for a cash payment equal to the excess of the Fair Market Value of the Shares subject to such Options (either to the extent then exercisable or, at the discretion of the Administrator, all Options being made fully exercisable for
purposes of this Subparagraph) over the exercise price thereof. 
 With respect to outstanding Stock Grants and RSUs, the Administrator or
the Successor Board, shall either (i) make appropriate provisions for the continuation of such Stock Grants and RSUs on the same terms and conditions by substituting on an equitable basis for the Shares then subject to such Stock Grants and
RSUs either the consideration payable with respect to the outstanding Shares of Common Stock in connection with the Corporate Transaction or securities of any successor or acquiring entity; or (ii) terminate all Stock Grants and RSUs in
exchange for a cash payment equal to the excess of the Fair Market Value of the Shares subject to such Stock Grants and RSUs over the purchase price thereof, if any. In addition, in the event of a Corporate Transaction, the Administrator may waive
any or all Company forfeiture or repurchase rights with respect to outstanding Stock Grants and RSUs, as applicable. 
 C.
Recapitalization or Reorganization. In the event of a recapitalization or reorganization of the Company other than a Corporate Transaction pursuant to which securities of the Company or of another corporation are issued with respect to the
outstanding shares of Common Stock, a Participant upon exercising, accepting or settling such Stock Right after the recapitalization or reorganization shall be entitled to receive for the purchase price paid upon such exercise, acceptance or
settlement, if any, the number of replacement securities which would have been received if such Stock Right had been exercised, accepted or settled prior to such recapitalization or reorganization. 

D. Modification of ISOs. Notwithstanding the foregoing, any adjustments made pursuant to Subparagraph A, B or C above with respect to
ISOs shall be made only after the Administrator determines whether such adjustments would constitute a “modification” of such ISOs (as that term is defined in Section 424(h) of the Code) or would cause any adverse tax consequences for
the holders of such ISOs. If the Administrator determines that such adjustments made with respect to ISOs would constitute a modification of such ISOs, it may refrain from making such adjustments, unless the holder of an ISO specifically requests in
writing that such adjustment be made and such writing indicates that the holder has full knowledge of the consequences of such “modification” on his or her income tax treatment with respect to the ISO. This paragraph shall not apply to the
acceleration of the vesting of any ISO that would cause the portion of the ISO to violate the annual vesting limitation contained in Section 422(d) of the Code as described in Paragraph 6.B.d. 

 

	24.	 ISSUANCES OF SECURITIES. 

Except as expressly provided herein, no issuance by the Company of shares of stock of any class, or securities convertible into shares of stock
of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of shares subject to Stock Rights. Except as expressly provided herein, no adjustments shall be made for dividends paid in cash or in
property (including without limitation, securities) of the Company prior to any issuance of Shares pursuant to a Stock Right. 

  
 20 

	25.	 FRACTIONAL SHARES. 

No fractional shares shall be issued under the Plan and the person exercising a Stock Right shall receive from the Company cash in lieu of such
fractional shares equal to the Fair Market Value thereof. 
  

	26.	 CONVERSION OF ISOs INTO NON-QUALIFIED OPTIONS; TERMINATION OF
ISOs. 

 The Administrator, at the written request of any Participant, may in its discretion take such actions as may
be necessary to convert such Participant’s ISOs (or any portions thereof) that have not been exercised on the date of conversion into Non-Qualified Options at any time prior to the expiration of such
ISOs, regardless of whether the Participant is an employee of the Company or an Affiliate at the time of such conversion. At the time of such conversion, the Administrator (with the consent of the Participant) may impose such conditions on the
exercise of the resulting Non-Qualified Options as the Administrator in its discretion may determine, provided that such conditions shall not be inconsistent with this Plan. Nothing in the Plan shall be deemed
to give any Participant the right to have such Participant’s ISOs converted into Non-Qualified Options, and no such conversion shall occur until and unless the Administrator takes appropriate action. The
Administrator, with the consent of the Participant, may also terminate any portion of any ISO that has not been exercised at the time of such conversion. 
  

	27.	 WITHHOLDING. 

In the event that any federal, state, or local income taxes, employment taxes, Federal Insurance Contributions Act (“F.I.C.A.”)
withholdings or other amounts are required by applicable law or governmental regulation to be withheld from the Participant’s salary, wages or other remuneration in connection with the exercise, acceptance or settlement of a Stock Right or in
connection with a Disqualifying Disposition (as defined in Paragraph 28) or upon the lapsing of any forfeiture provision or right of repurchase or for any other reason required by law, the Company may withhold from the Participant’s
compensation, if any, or may require that the Participant advance in cash to the Company, or to any Affiliate of the Company which employs or employed the Participant, the statutory minimum amount of such withholdings unless a different withholding
arrangement, including the use of shares of the Company’s Common Stock or a promissory note, is authorized by the Administrator (and permitted by law). For purposes hereof, the fair market value of the shares withheld for purposes of payroll
withholding shall be determined in the manner provided in Paragraph 1 above, as of the most recent practicable date prior to the date of exercise of an Option or settlement of an RSU. If the fair market value of the shares withheld is less than the
amount of payroll withholdings required, the Participant may be required to advance the difference in cash to the Company or the Affiliate employer. The Administrator in its discretion may condition the exercise of an Option for less than the then
Fair Market Value on the Participant’s payment of such additional withholding. 

  
 21 

	28.	 NOTICE TO COMPANY OF DISQUALIFYING DISPOSITION. 

Each Employee who receives an ISO must agree to notify the Company in writing immediately after the Employee makes a Disqualifying Disposition
of any shares acquired pursuant to the exercise of an ISO. A Disqualifying Disposition is defined in Section 424(c) of the Code and includes any disposition (including any sale or gift) of such shares before the later of (a) two years
after the date the Employee was granted the ISO, or (b) one year after the date the Employee acquired Shares by exercising the ISO, except as otherwise provided in Section 424(c) of the Code. If the Employee has died before such stock is
sold, these holding period requirements do not apply and no Disqualifying Disposition can occur thereafter. 
  

	29.	 TERMINATION OF THE PLAN. 

The Plan will terminate on November 17, 2026, the date which is ten years from its amendment to extend the original term for an additional
ten (10) years. The Plan may be terminated at an earlier date by vote of the shareholders or the Board of Directors of the Company; provided, however, that any such earlier termination shall not affect any Award Agreements executed prior to the
effective date of such termination. 
  

	30.	 AMENDMENT OF THE PLAN AND AGREEMENTS. 

The Plan may be amended by the shareholders of the Company. The Plan may also be amended by the Administrator, including, without limitation,
to the extent necessary to qualify any or all outstanding Stock Rights granted under the Plan or Stock Rights to be granted under the Plan for favorable federal income tax treatment (including deferral of taxation upon exercise) as may be afforded
incentive stock options under Section 422 of the Code, and to the extent necessary to qualify the shares issuable upon exercise or acceptance of any outstanding Stock Rights granted, or Stock Rights to be granted, under the Plan for listing on
any national securities exchange or quotation in any national automated quotation system of securities dealers. Any amendment approved by the Administrator which the Administrator determines is of a scope that requires shareholder approval shall be
subject to obtaining such shareholder approval. Any modification or amendment of the Plan shall not, without the consent of a Participant, adversely affect his or her rights under a Stock Right previously granted to him or her. With the consent of
the Participant affected, the Administrator may amend outstanding Award Agreements in a manner which may be adverse to the Participant but which is not inconsistent with the Plan. In the discretion of the Administrator, outstanding Award Agreements
may be amended by the Administrator in a manner which is not adverse to the Participant. 

  
 22 

	31.	 EMPLOYMENT OR OTHER RELATIONSHIP. 

Nothing in this Plan or any Award Agreement shall be deemed to prevent the Company or an Affiliate from terminating the employment, consultancy
or director status of a Participant, nor to prevent a Participant from terminating his or her own employment, consultancy or director status or to give any Participant a right to be retained in employment or other service by the Company or any
Affiliate for any period of time. 
  

	32.	 GOVERNING LAW. 

This Plan shall be construed and enforced in accordance with the law of the State of Delaware. 

  
 23 

 AMERICAN WELL CORPORATION 

EMPLOYEE, DIRECTOR AND CONSULTANT STOCK PLAN 

2016 ISRAELI SUB PLAN 

Applicable to Israeli Participants 
  

	1.	 GENERAL 

  

	1.1.	 This appendix (the: “Appendix”) shall apply only to Israeli Participants (as defined below).
The provisions specified hereunder shall form an integral part of the American Well Corporation 2006 Employee, Director and Consultant Stock Plan (hereinafter: the “Plan”, the “Company”), which app lies to the
issuance of Stock Rights to employees, directors, consultants and service provides of the Company or its Affiliates. 

  

	1.2.	 This Appendix is effective with respect to Stock Right granted as of 30 days from the date it was submitted
with the ITA and shall comply with Section 102 (as defined below). 

  

	1.3.	 This Appendix is to be read as a continuation of the Plan and only modifies Stock Right granted to Israeli
Participants (as defined below) so that they comply with the requirements set by the Israeli law in general, and in particular with the provision s of Section 102 (as specified herein), as may be amended or replaced from time to time. For the
avoidance of doubt, this Appendix does not add to or modify the Plan in respect of any other category of Participants. 

  

	1.4.	 The Plan and this Appendix are complimentary to each other and shall be deemed as one. Subject to
Section 1.3 above, in any case of contradiction, whether explicit or implied, between any definitions and/or provisions of this Appendix and the Plan, the provisions set out in this Appendix shall prevail. 

 

	1.5.	 Any capitalized terms not specifically defined in this Appendix shall be construed according to the
interpretation given to it in the Plan. 

  

	2.	 DEFINITIONS 

  

	2.1.	 “Affiliate” for purposes of the grant of Stock Rights pursuant to Section 102, means any
“employing company” within the meaning of Section 102(a) of the Ordinance. 

  

	2.2.	 “Approved 102 Stock Right” mean s a Stock Right granted pursuant to Section 102(b) of the
Ordinance and held in trust by a Trustee for the benefit of the Employee. 

  
 - 2 - 

 

	2.3.	 “Capital Gain Stock Right (CGA)” means an Approved 102 Stock Right elected and designated by
the Company to qualify under the capital gain tax treatment in accordance with the provisions of Section 102(b)(2) of the Ordinance. 

  

	2.4.	 “Controlling Shareholder” shall have the meaning ascribed to it in Section 102 of the
Ordinance. 

  

	2.5.	 “Employee” mean s an Israeli Participant who is employed by the Company or its Affiliates,
including an individual who is serving as an “office holder” as define din the Israeli Companies Law, 1999, as amended from time to time, but excluding any Controlling Shareholder. 

 

	2.6.	 “Israeli Participant” means a person who is a resident of the State of Israel or who is deemed
to be a resident of the State of Israel for Israeli tax purposes, and receives or hold s a Stock Right under the Plan and this Appendix. 

  

	2.7.	 “ITA” means the Israeli Tax Authorities. 

 

	2.8.	 “Ordinary Income Stock Right (OIA)” means an App roved 102 Stock Right elected and designated
by the Company to qualify under the ordinary income tax treatment in accordance with the provisions of Section 102(b)(1) of the Ordinance. 

  

	2.9.	 “102 Stock Right”·means any Stock Right granted to Employees pursuant to
Section 102 of the Ordinance and any other rulings, procedures and clarifications promulgated thereunder or issued by the ITA. 

  

	2.10.	 “3(i) Option” means a Non-Qualified Option subject to
Section 3(i) of the Ordinance to any person who is a Non-Employee. 

  

	2.11.	 “Israeli Stock Grant Agreement or Israeli Option Agreement” notwithstanding the provisions of
the Plan, for the purpose of this Appendix, Israeli Stock Grant Agreement or Israeli Option Agreement shall mean a written agreement entered into and signed by the Company and an Israeli Participant that sets out the terms and conditions of a Stock
Right. 

  

	2.12.	 “Non-Employee” means an Israeli Participant who is a
consultant. Adviser, service provider, Controlling Shareholder or and other person who is not an Employee. 

  

	2.13.	 “Ordinance” means the Israeli Income Tax Ordinance [New Version] 1961 as now in effect or as
hereafter amended. 

  

	2.14.	 “Section 102” means section 102 of the Ordinance, the Income Tax Rules (Tax Relief for
Issuance of Shares to Employees), 2003, and any other rules, regulations, orders or procedures promulgated thereunder as now in effect or as hereafter amended. 

  
 2 

  
 - 3 - 

 

	2.15.	 “Trustee” means any person appointed by the Company to serve as a trustee and approved by the
ITA, all in accordance with the provisions of Section 102(a) of the Ordinance. 

  

	2.16.	 “Unapproved 102 Stock Right” means a Stock Right granted pursuant to Section 102(c) of
the Ordinance and not held in trust by a Trustee. 

  

	3.	 ISSUANCE OF STOCK RIGHTS 

 

	3.1.	 Notwithstanding the provisions of the Plan and in addition thereto, any Israeli Participants eligible for
participation in the Plan and this Appendix as Israeli Participants shall include any Employee and/or Non-Employee of the Company or of any of the Company’s Affiliates; provided, however,
that (i) Employees may only be granted 102 Stock Rights; and (ii) Non-Employees and/or Controlling Shareholders may only be granted 3(i) Options. 

  

	3.2.	 The Company may designate Stock Rights granted to Employees pursuant to Section 102 as Unapproved 102
Stock Rights or Approved 102 Stock Rights. 

  

	3.3.	 The grant of Approved 102 Stock Right s shall be made under this Appendix, and shall be conditioned upon the
approval of this Appendix by the ITA. 

  

	3.4.	 Approved 102 Stock Rights may either be classified as Capital Gain Stock Rights (“CGAs”) or
Ordinary Income Stock Rights (“OIAs”). 

  

	3.5.	 No Approved 102 Stock Rights may be granted under this Appendix to any eligible Employee, unless and until, the
Company’s election of the type of Approved 102 Stock Rights as CGA or OIA granted to Employees (the “Election”), is appropriately filed with the ITA. Such Election shall become effective beginning the first date of grant of an
Approved 102 Stock Right under this Appendix and shall remain in effect until the end of the year following the year during which the Company first granted Approved 102 Stock Rights. The Election shall obligate the Company to grant only the
type of Approved 102 Stock Right it has elected, and shall apply to all Israeli Participants who were granted Approved 102 Stock Rights during the period indicated he rein, all in accordance with the provisions of Section 102(g) of the
Ordinance. For the avoidance of doubt, such Election shall not prevent the Company from granting Unapproved 102 Stock Right s simultaneously. 

  

	3.6.	 All Approved 102 Stock Rights must be held in trust by a Trustee, as described in Section 4 below.

  

	3.7.	 For the avoidance of doubt, the designation of Unapproved 102 Stock Rights and Approved 102 Stock Rights shall
be subject to the terms and conditions set forth in Section 102. 

  
 3 

  
 - 4 - 

 

	4.	 TRUSTEE 

  

	4.1.	 The terms and conditions applicable to the trust relating to Section 102 shall be set forth in an
agreement signed by the Company and the Trustee (the “Trust Agreement”). 

  

	4.2.	 Approved 102 Stock Rights which shall be granted under this Appendix and/or any Shares allocated or issued upon
exercise or vesting of such Approved 102 Stock Rights and/or other rights granted thereunder and/or shares received subsequently following any realization of rights, including without limitation bonus shares, shall be registered allocated or issued
to the Trustee on the Trustee name and held for the benefit of the Employee for no less than such period of time as required by Section 102 (the “Holding Period”). In case the requirements for Approved 102 Stock Rights are not
met then the Approved 102 Stock Rights shall be regarded as Unapproved 102 Stock Rights, all in accordance with the provisions of Section 102. 

  

	4.3.	 Notwithstanding anything to the contrary, the Trustee shall not release any Shares allocated or issued upon
exercise or vesting of Approved 102 Stock Rights prior to the full payment of the Employees tax liabilities, if any, arising from Approved 102 Stock Rights which were granted to him/her and/or any Shares allocated or issued upon exercise or vesting
of such Stock Rights . 

  

	4.4.	 With respect to any Approved 102 Stock Right, subject to the provisions of Section 102, an Israeli
Participant shall not sell or release from trust any Share received upon the exercise or vesting of an Approved 102 Stock Right and/or any rights granted thereunder and/or share received subsequently following any realization of rights, including
without limitation, bonus shares, until the lapse of the Holding Period required under Section 102. Notwithstanding the above, if any such sale or release occurs during the Holding Period, the sanctions under Section 102 shall apply to and
shall be borne solely by such Israeli Participant. Subject to the foregoing, the Trustee may, pursuant to a written or electronic request from the Participant, release and transfer such Shares to a designated third party, provided that both of the
following conditions have been fulfilled prior to such release or transfer: (i) payment has been made to the ITA of all taxes required to be paid upon the release and transfer of the Shares, and confirmation of such payment has been received by
the Trustee and (ii) the Trustee has confirmed with the Company that all requirements for such release and transfer have been fulfilled according to the terms of the Company’s corporate documents, the Plan, the Israeli Stock Right
Agreement and any Applicable Law. 

  

	4.5.	 Upon receipt of any Approved 102 Stock Right, if requested to do so by the Company. Affiliate or the Trustee,
the Employee will sign an undertaking to release the Trustee from any liability in respect of any action or decision duly taken and bona fide executed in relation with this Appendix, or any Approved 102 Stock Right or Share granted to him
thereunder. 

  
 4 

  
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	4.6.	 Without derogating from the provisions of the Plan Trustee shall also have withholding right s as further
described in Section 8 of the Plan. 

  

	4.7.	 In the case of 102 Stock Rights, the Trustee shall have no rights as a shareholder of the Company with respect
to the Shares covered by such Stock Right until the Trustee becomes the record holder for such Shares for the Participant’s benefit, and the Israeli Participant shall have no rights as a shareholder of the Company with respect to the Shares
covered by the Stock Right until the date of the release of such Shares from the Trustee to the Israeli Participant and the transfer of record ownership of such Shares to the Israeli Participant. 

 

	5.	 THE STOCK RIGHTS 

Notwithstanding anything to the contrary in the Plan and in addition thereto, the terms and conditions upon which the Stock Rights shall be
issued and exercised or vest, as applicable, shall be as specified in the Israeli Stock Right Agreement to be executed pursuant to the Plan and to this Appendix. Each Israeli Stock Grant Agreement shall be subject to Section 102 or
Section 3(i) of the Ordinance, as applicable, and shall state, inter alia, the number of Shares to which the Stock Right relates, the type of Stock Right granted thereunder (whether a CGA, OIA, Unapproved 102 Stock Right or a 3(i)
Option), and any applicable vesting provisions and exercise price that may be payable. 
  

	6.	 FAIR MARKET VALUE 

Without derogating from the provisions of the Plan and solely for the purpose of determining the tax liability pursuant to
Section 102(b)(3) of the Ordinance, if at the date of grant of any CGA, the Company’s Shares are listed on any established stock exchange or a national market system or if the Company’s Shares will be registered for trading within
ninety (90) days following the date of grant of the CGAs, the fair market value of the Shares at the date of grant shall be determined in accordance with the average value of the Company’s Shares on the thirty (30) trading days
preceding the date of grant or on the thirty (30) trading days following the date of registration for trading, as the case may be. 
  

	7.	 EXERCISE OF STOCK RIGHTS THAT ARE OPTIONS TO PURCHASE SHARES 

Notwithstanding the provisions of the Plan, any method of payment for the purchase price other than cash (e.g. “net exercise”)
will be implemented with respect to 102 Stock Right provided that a ruling (if required) is obtained from the ITA. 
  

	8.	 ASSIGNABILITY AND SALE OF STOCK RIGHTS 

 

	8.1.	 Notwithstanding any other provision of the Plan, no Stock Right or any right with respect thereto, or
purchasable hereunder, whether fully paid or not, shall be assignable, transferable or given as col lateral or any right with respect to them given to any third party whatsoever, and during the lifetime of the Israeli Participant each and all of
such Israeli Participant’s rights with respect to a Stock Right shall belong only to the Israeli Participant. 

  
 5 

  
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 Any such action made directly or indirectly, for an immediate validation or for a future one,
shall be void. 
  

	8.2.	 As long as Stock Rights or Shares purchased or is sued hereunder are held by the Trustee on behalf of the
Israeli Participant, all rights of the Israeli Participant over the Stock Rights and/or Shares are personal, cannot be transferred, assigned, pledged or mortgaged, other than by will or laws of descent and distribution, provided that the transferee
thereof shall be subject to the provisions of Section 102 as would have been applicable to the deceased Participant were he or she to have survived. 

  

	9.	 INTEGRATION OF SECTION 102 AND TAX ASSESSING OFFICER’S PERMIT 

 

	9.1.	 With regards to Approved 102 Stock Rights, the provisions of the Plan and/or the Appendix and/or the Israeli
Stock Right Agreement shall be subject to the provisions of Section 102 and the Tax Assessing Officer’s permit and/or any pre-rulings obtained by the ITA, and the said provisions, permit and/or pre-rulings shall be deemed an integral part of the Plan and of the Appendix and of the Israeli Stock Grant Agreement or the Israeli Option Agreement. 

 

	9.2.	 Any provision of Section 102 and/or the said permit and/or
pre-rulings which is necessary in order to receive and/or to keep any tax benefit pursuant to Section 102, which is not expressly specified in the Plan or the Appendix or the Israeli Stock Grant Agreement
or the Israeli Option Agreement, shall be considered binding upon the Company and the Israeli Participants. 

  

	10.	 DIVIDEND 

Notwithstanding anything to the contrary in the Plan, as long as the Stock Right are registered and/or held by the Trustee, any dividend
distribution with respect to Approved 102 Stock Rights shall be paid to the Trustee and such distribution shall be subject to any applicable taxation on distribution of dividends, and when applicable subject to the provisions of Section 102.

  

	11.	 VOTING RIGHTS 

With respect to Stock Rights granted under Section 102 so long as any Shares issued to and registered on the name of Trustee for the benefit of an Israeli
Participant, under this Appendix, to the extent Trustee decides in its sole discretion to vote such Shares, then unless the Trustee is directed otherwise by the Board, such Shares shall be voted in the same proportion as the result of the
shareholder vote at the shareholders meeting or written consent in respect of which the Shares held by the Trustee are being voted. However, the Trustee shall not be obligated to exercise such voting rights nor notify the Israeli Participant of any
meeting of the Company’s shareholders. 

  
 6 

  
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	12.	 TAX CONSEQUENCES 

 

	12.1.	 Notwithstanding anything to the contrary in the Plan and solely for the purpose of Stock Rights granted under
this Appendix, any tax consequences arising from the grant exercise or vesting of any Stock Right, from the payment for Shares covered thereby or from any other event or act (of the Company, and/or its Affiliates, and the Trustee or the Israeli
Participant), hereunder, shall be borne solely by the Israeli Participant. The Company and/or its Affiliates, and/or the Trustee shall withhold taxes according to the requirements under Applicable Law, including withholding taxes at source.
Furthermore, the Israeli Participant hereby agrees to indemnify the Company and/or its Affiliates and/or the Trustee and hold them harmless against and from any and all liability for any such tax or interest or penalty or indexation thereon,
including without limitation, liabilities relating to the necessity to withhold, or to have withheld, any such tax from any payment made to the Israeli Participant. 

 

	12.2.	 With respect to Unapproved 102 Stock Right, if in the event of a grant of the Israeli Participant ceases to be
employed by the Company or any Affiliate, the Israeli Participant shall extend to the Company and/or its Affiliate a security or guarantee for the payment of tax due at the time of sale of Shares, all in accordance with the provisions of
Section 102 and the rules, regulation or orders promulgated thereunder. 

  

	12.3.	 Each Participant agrees to, and undertakes to comply with, any ruling, settlement, closing agreement or other
similar agreement or arrangement with any tax authority in connection with the foregoing which is approved by the Company. 

  

	13.	 ISRAELI PARTICIPANT’S UNDERTAKINGS 

By receiving Stock Rights under the Plan and this Appendix, the Israeli Participant (1) agrees and acknowledges that he or she have
received and read the Plan, the Appendix and the Israeli Stock Grant Agreement or the Israeli Option Agreement; (2) undertakes to comply with all the provisions set forth in: Section 102 (including provisions regarding the applicable Tax
Track that the Company has selected) or Section 3(i), as applicable, the Plan, the Appendix, the Israeli Stock Grant Agreement or the Israeli Option Agreement and the Trust Agreement; and (3) if the Stock Rights are granted under
Section 102, the Israeli Participant undertakes, subject to the provisions of Section 102, not to sell or release the Shares from trust before the end of the Holding Period. The Israeli Participant agrees to execute any and all documents
that the Company and/or its Affiliates and/or the Trustee may reasonably determine to be necessary in order to comply with the Ordinance, ruling or guidelines and rules issued by the ITA. 

 

	14.	 TERM OF PLAN AND APPENDIX 

The Company shall make reasonable efforts to obtain all approvals for the adoption of this Appendix or for any amendment to this Appendix as
are necessary to comply with any Applicable Law. 

  
 7 

  
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	15.	 GOVERNING LAW & JURISDICTION 

This Appendix shall be governed by and construed and enforced in accordance with the laws of the State of Israel applicable to contracts made
and to be performed therein, without giving effect to the principles of conflict of laws. The competent courts in Tel Aviv shall have sole jurisdiction in any matters pertaining to this Appendix. 

*    *    * 

  
 8 

 AMERICAN WELL CORPORATION 

CLARIFICATION TO 
 2006
EMPLOYEE, DIRECTOR AND CONSULTANT STOCK PLAN and its 
 2016 ISRAELI SUB PLAN 

August 30, 2020 

Pursuant to the authority delegated to the undersigned by the board of directors of American Well Corporation (the
“Company”), to “interpret the provisions of the Plan or of any Stock Right and to make all rules and determinations which it deems necessary or advisable for the administration of the Plan” pursuant to
Section 4.a. of the Company’s Amended and Restated 2006 Employee, Director And Consultant Stock Plan (the “Plan”), it is hereby clarified as follows: 

 

	1.	 Section 1.3 of the Company’s 2016 Israeli Sub Plan (the “Israeli Appendix”)
determines that: 

 “This Appendix is to be read as a continuation of the Plan and only modifies Stock Right
granted to Israeli Participants (as defined below) so that they comply with the requirements set by the Israeli law in general, and in particular with the provisions of Section 102 (as specified herein), as may be amended or replaced
from time to time. For the avoidance of doubt, this Appendix does not add to or modify the Plan in respect of any other category of Participants.” 
  

	2.	 Section 9 of the Israeli Appendix determines as follows: 

“9.1. With regards to Approved 102 Stock Rights, the provisions of the Plan and/or the Appendix and/or the Israeli Stock Right
Agreement shall be subject to the provisions of Section 102 and the Tax Assessing Officer’s permit and/or any pre-rulings obtained by the ITA, and the said provisions, permit and/or pre-rulings shall be deemed an integral part of the Plan and of the Appendix and of the Israeli Stock Grant Agreement or the Israeli Option Agreement. 

9.2. Any provision of Section 102 and/or the said permit and/or pre-rulings which is necessary
in order to receive and/or to keep any tax benefit pursuant to Section 102, which is not expressly specified in the Plan or the Appendix or the Israeli Stock Grant Agreement or the Israeli Option Agreement, shall be considered binding upon the
Company and the Israeli Participants.” 
  

	3.	 Consequently, it is hereby clarified that it is intended that any Approved 102 Stock Right granted under the
Israeli Appendix shall fully comply with the terms and provisions of Section 102 of the Israeli Tax Ordinance. In this regard, it is hereby further clarified that: 

 

	 	3.1.	 The term “pre-rulings” in Sections 9.1 and 9.2. of the
Israeli Appendix includes guidelines published from time to time by the Israeli Tax Authority (“ITA”), professional tax circulars and published tax rulings (including guidelines that will be published in the future by the ITA).

  

	 	3.2.	 Section 4(f) of the Plan shall not apply to Approved 102 Stock Rights awards under the Israeli Appendix.

  

	 	3.3.	 With respect to Section 9A of the Plan, Approved 102 Stock Rights shall only be settled by Shares.

 I hereby certify that the foregoing clarifications to the Plan and the Israeli Appendix were
duly provided by the undersigned, on August 30, 2020. 
  

			
		 	 /s/ Bradford Gay

		 	Brad Gay
		 	General Counsel

  
 2EX-10.5

 Exhibit 10.5 

AMERICAN WELL CORPORATION 

2020 EQUITY INCENTIVE PLAN 

1.     Purposes of the Plan. The purpose of this Plan is to advance the interests of the Company’s
stockholders by enhancing the Company’s ability to attract, retain and motivate persons who make (or are expected to make) important contributions to the Company by providing such persons with incentive compensation and equity ownership
opportunities and thereby better aligning the interests of such persons with those of the Company’s stockholders. 
 The Plan permits
the grant of Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Other Stock or Cash Based Awards and Dividend Equivalents. 

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 any applicable law, including 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, Restricted Stock Units, an Other Stock or Cash Based Award or a Dividend Equivalent award. 

(d)     “Award Agreement” means the written or electronic agreement, terms and conditions, contract or
other instrument or document 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)     “Cause” means the use of such term in any written agreement between the Participant and the
Company defining such term and, in the absence of such agreement, such term means, with respect to a Participant, the occurrence of any of the following actions or events by such Participant: (i) the Participant’s commission of any felony
or any crime involving fraud, dishonesty or moral turpitude; (ii) the Participant’s commission of or attempted commission of, or participation in, a fraud or act of dishonesty against the Company; (iii) the Participant’s material
violation of any contract or agreement between the Company and the Participant or of any statutory duty owed to the Company; (iv) the Participant’s material failure to comply with the written polices or rules of the Company;
(v) the Participant’s unauthorized use or disclosure of the Company’s confidential information or trade secrets; (vi) the Participant’s material failure or neglect to perform assigned duties after receiving written
notification of the failure; (vii) the Participant’s willful disregard of any material lawful written instruction from the Company; or (viii) the Participant’s willful misconduct or insubordination with respect to the Company or
any affiliate of the Company; provided that, in the case of (iii), (iv), (v), (vi), (vii) and (viii) above, if such action or conduct is curable, (A) the Company has provided the Participant written notice within thirty
(30) days following the occurrence (or Company’s first knowledge of the occurrence) of any such event; (B) the Participant fails to cure such event within thirty (30) days thereafter; and (C) the Company terminates the
Participant’s employment for Cause within thirty (30) days following the end of such cure period. 

 (g)     “Change in Control” means the occurrence of any
of the following events: 
 (i)    any “person,” as such term is used in Sections 13(d) and 14(d) of the
Exchange Act (other than the Company, any trustee or other fiduciary holding securities under any employee benefit plan of the Company, or any company owned, or immediately after the transaction would be owned, directly or indirectly, by the
stockholders of the Company in substantially the same proportions as their ownership of the combined voting power or economic interests of the Company, as applicable, as of immediately prior to such transaction), becoming the beneficial owner (as
defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing more than 50% of the combined voting power or economic interests of the Company’s
then outstanding securities; provided that the provisions of this clause (i) are not intended to apply to or include as a Change in Control any transaction that is specifically excepted from the definition of Change in Control under
clause (iii) below; 
 (ii)     during any period of 12 months, individuals who at the beginning of such
period constitute the Board, and any new director (other than a director designated by a person who has entered into an agreement with the Company to effect a transaction described in paragraph (i), (iii), or (iv) of this definition or a
director whose initial assumption of office occurs as a result of either an actual or threatened election contest (as such term is used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or
other actual or threatened solicitation of proxies or consents by or on behalf of a person other than the Board) whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least a
majority of the directors then still in office who either were directors at the beginning of the 12-month period or whose election or nomination for election was previously so approved, cease
for any reason to constitute at least a majority of the Board; 
 (iii)     a merger or consolidation of the Company
with any other corporation or other entity, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being
converted into voting securities of the surviving entity or parent company thereof) more than 50% of (i) the combined voting power of the voting securities and (ii) the economic interests of the surviving entity or the ultimate parent
company thereof (within the meaning of Section 424(e) of the Code); provided, that a merger or consolidation effected to implement an internal recapitalization of the Company (or similar transaction) in which no “person” is or
becomes the beneficial owner, directly or indirectly, of securities of the Company representing more than 50% of either the combined voting power of the Company’s then-outstanding voting securities or the then-outstanding economic interests
shall not be considered a Change in Control; or 
 (iv)     a complete liquidation or dissolution of the
Company or the consummation of a sale or disposition by the Company of all or substantially all of the Company’s assets in which any “person”, other than a person or persons who beneficially own(s), directly or indirectly, 50% or
more of the combined voting power and economic interests of the outstanding voting securities of the Company immediately prior to the sale, acquires (or has acquired during the 12-month period ending on the
most recent acquisition by such “person”) assets from the Company that have a total gross fair market value equal to 50% or more of the total gross fair market value of all of the assets of the Company as of immediately prior to such sale
or disposition of the Company’s assets. 
 Notwithstanding the foregoing, if a Change in Control constitutes a payment event with
respect to any Award (or any portion of an Award) that provides for the deferral of compensation that is subject to Code Section 409A, to the extent required to avoid the imposition of additional taxes under Code Section 409A, such
transaction or event described in subsections (i), (ii) or (iv) with respect to such Award (or portion thereof) 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. 
 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. 

  
 2 

 The Administrator shall have full and final authority, which shall be exercised in its sole
discretion, to determine conclusively whether a Change in Control has occurred pursuant to the above definition, the date of the occurrence of such Change in Control and any incidental matters relating thereto; provided that any exercise of
authority in conjunction with a determination of whether a Change in Control is a “change in control event” as defined in Treasury Regulation Section 1.409A-3(i)(5) shall be consistent with
such regulation. 
 (h)     “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. 
 (i)    
“Committee” means the Compensation Committee of the Board, or another committee or subcommittee of the Board which may be comprised of one or more Directors and/or executive officers of the Company as appointed by the Board, to the
extent permitted in accordance with Applicable Law. 
 (j)     “Common Stock” means each or any (as the
context may require) class of the common stock of the Company, par value $0.01 per share. 
 (k)    
“Company” means American Well Corporation, a Delaware corporation, or any successor thereto. 
 (l)    
“Consultant” means any person, including an advisor, engaged by the Company or a parent or Subsidiary to render services to such entity who qualifies as a consultant or advisor under the applicable rules of the Securities and
Exchange Commission for registration of shares on a Form S-8 Registration Statement. 

(m)     “Director” means a member of the Board. 

(n)     “Disability” means the participant is unable to engage in any substantial gainful activity by
reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months in accordance with the definition of 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. 

(o)     “Dividend Equivalent” means a right to receive the equivalent value (in cash or Shares) of
dividends paid on Shares, awarded under Section 10(b). 
 (p)     “DRO” means a “domestic
relations order” as defined by the Code or Title I of the Employee Retirement Income Security Act of 1974, as amended from time to time, or the rules thereunder. 

(q)     “Effective Date” shall mean August 17, 2020, the date on which the Plan was approved by the
stockholders of the Company. 
 (r)     “Employee” means any officers or employee (as determined in
accordance with Code Section 3401(c) and the Treasury Regulations thereunder) of the Company or any parent or Subsidiary of the Company. 

(s)     “Equity Restructuring” shall mean a nonreciprocal transaction between the Company and its
stockholders, such as a stock dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind of Shares (or other securities of
the Company) or the share price of a class of Common Stock (or other securities) and causes a change in the per-share value of the Common Stock underlying outstanding Awards. 

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

  
 3 

 (u)     “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. 
 (v)     “Fair Market Value”
means, as of any date, the value of a Share determined as follows: 
 (i)     If the applicable class of Common Stock
is listed on any established stock exchange, national market system or quoted or traded on any automated quotation 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 a Share (or the closing bid, if no sales were reported) as quoted on such exchange or system on the trading day immediately preceding the date of determination, as
reported in The Wall Street Journal or such other source as the Administrator deems reliable; 
 (ii)     If the
applicable class of Common Stock is not listed on an established stock exchange, national market system or automated quotation system, but the Common Stock is regularly quoted by a recognized securities dealer, the Fair Market Value of a Share will
be the mean of the high bid and low asked prices for such date or, if no high bids and low asks were reported on such date, the high bid and low asked prices for a Share on the last preceding 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 applicable class of Common Stock, the Fair Market Value will be determined in good faith by the Administrator. 

(w)     “Greater Than 10% Stockholder” shall mean an individual then owning (within the meaning of Code
Section 424(d)) more than 10% of the total combined voting power of all classes of stock of the Company or any subsidiary corporation (as defined in Code Section 424(f)) or parent corporation thereof (as defined in Code
Section 424(e)). 
 (x)     “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. 

(y)     “Nonstatutory Stock Option” means an Option that by its terms does not qualify or is not intended
to qualify as an Incentive Stock Option. 
 (z)     “Non-Employee
Director” shall mean a Director of the Company who is not an Employee. 
 (aa)     “Option”
means a right to purchase Shares of a specified class and at a specified exercise price, granted under Section 6. An Option shall be either a Nonstatutory Stock Option or an Incentive Stock Option; provided, however, that Options
granted to Non-Employee Directors and Consultants shall only be Nonstatutory Stock Options. 

(bb)     “Other Stock or Cash Based Award” shall mean a cash payment, cash bonus award, stock payment,
stock bonus award, performance award or incentive award that is paid in cash, Shares or a combination of both, awarded under Section 10, which may include, without limitation, deferred stock, deferred stock units, performance awards, retainers,
committee fees, and meeting-based fees. 
 (cc)    “Parent” means any entity (other than the Company)
in an unbroken chain of entities ending with the Company if, at the time of determination, each of the entities other than the Company owns securities or interests possessing fifty percent (50%) or more of the total combined voting power of all
classes of stock in one of the other entities in such chain. 

  
 4 

 (dd)     “Participant” means the holder of an
outstanding Award. 
 (ee)     “Performance Criteria” shall mean the criteria (and adjustments) that
the Administrator selects for an Award for purposes of establishing the Performance Goal or Performance Goals for a Performance Period. 

(ff)     “Performance Goals” shall mean, for a Performance Period, one or more goals established in
writing by the Administrator for the Performance Period based upon one or more Performance Criteria. Depending on the Performance Criteria used to establish such Performance Goals, the Performance Goals may be expressed in terms of overall Company
performance or the performance of a Subsidiary, division, business unit, or an individual. 
 (gg)    
“Performance Period” shall mean one or more periods of time, which may be of varying and overlapping durations, as the Administrator may select, over which the attainment of one or more Performance Goals will be measured for the
purpose of determining a Participant’s right to, vesting of, and/or the payment in respect of, an Award. 

(hh)     “Period of Restriction” means the period during which the transfer of Shares of Restricted Stock
is 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 levels of performance, or the occurrence of other events as determined by
the Administrator. 
 (ii)     “Permitted Transferee” shall mean, with respect to a Participant, any
“family member” of the Participant, as defined in the General Instructions to Form S-8 Registration Statement under the Securities Act (or any successor form thereto), or any other transferee
specifically approved by the Administrator after taking into account Applicable Law. 
 (jj)     “Plan”
means this 2020 Equity Incentive Plan. 
 (kk)     “Prior Plan” means the Company’s 2006 Employee,
Director and Consultant Stock Plan, as amended and restated. 
 (ll)     “Program” shall mean any
program adopted by the Administrator pursuant to the Plan containing the terms and conditions intended to govern a specified type of Award granted under the Plan and pursuant to which such type of Award may be granted under the Plan. 

(mm)     “Restricted Stock” means Shares of a specified class issued pursuant to Section 8 that are
subject to certain restrictions and may be subject to risk of forfeiture or repurchase. 
 (nn)     “Restricted
Stock Unit” means a bookkeeping entry representing an amount equal to the Fair Market Value of one Share of a specified class, granted pursuant to Section 9. Each Restricted Stock Unit represents an unfunded and unsecured obligation of
the Company. 
 (oo)     “Section 409A” shall mean Code Section 409A and the
Department of Treasury regulations and other interpretive guidance issued thereunder, including, without limitation, any such regulations or other guidance that may be issued after the Effective Date. 

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

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

  
 5 

 (rr)     “Share” means a share of Common Stock. 

(ss)     “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. 
 (tt)     “Subsidiary” means
any entity (other than the Company), whether domestic or foreign, in an unbroken chain of entities beginning with the Company if each of the entities other than the last entity in the unbroken chain beneficially owns, at the time of the
determination, securities or interests representing at least fifty percent (50%) of the total combined voting power of all classes of securities or interests in one of the other entities in such chain, provided, however, that a limited liability
company or partnership may be treated as a Subsidiary to the extent either (a) such entity is treated as a disregarded entity under Treasury Regulation Section 301.7701-3(a) by reason of the Company
or any other Subsidiary that is a corporation being the sole owner of such entity, or (b) such entity elects to be classified as a corporation under Treasury Regulation Section 301.7701-3(a) and such
entity would otherwise qualify as a Subsidiary. 
 (uu)     “Substitute Award” shall mean an Award
granted under the Plan in connection with a corporate transaction, such as a merger, combination, consolidation or acquisition of property or stock, in any case, upon the assumption of, or in substitution for, outstanding equity awards previously
granted by a company or other entity; provided, however, that in no event shall the term “Substitute Award” be construed to refer to an award made in connection with the cancellation and repricing of an Option or Stock Appreciation Right.

 (vv)     “Termination of Service” shall mean the date the Participant ceases to be a Service
Provider. The Administrator, in its sole discretion, shall determine the effect of all matters and questions relating to any Termination of Service for purposes of the Plan. For the avoidance of doubt, unless the Administrator determines otherwise,
the cessation of employee status but the continuation of the performance of services for the Company or a Subsidiary as a Director or Consultant, or vice versa, shall not be deemed a cessation of service that would constitute a Termination of
Service. 
 3.     Stock Subject to the Plan. 

(a)     Stock Subject to the Plan. Subject to the provisions of Section 14, the maximum aggregate number
of Shares that may be subject to Awards and sold under the Plan is (i) 12% of the number of Shares outstanding as of the Effective Date (the “Initial Share Pool”), increased by an amount equal to 12% of the number of additional
Shares issued in connection with the initial public offering of the Shares, if any, plus any Shares remaining available for grant under the Prior Plan and (ii) an annual increase on the first day of each calendar year beginning on
January 1, 2021 and ending on and including January 1, 2029, equal to the lesser of (A) five percent (5%) of the number of outstanding Shares on the last day of the immediately preceding fiscal year and (B) such smaller number of
Shares as determined by the Board; provided that, the maximum number of Shares that may be issued upon the exercise of Incentive Stock Options shall equal the Initial Share Pool. The Shares may be authorized but unissued, or reacquired Common
Stock. 
 (b)     Lapsed Awards. If an Award, including any award granted under the Prior Plan, 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 

  
 6 

 
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 14, 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 this Section 3(b). 

(c)     Substitute Awards. Substitute Awards may be granted on such terms as the Administrator deems
appropriate, notwithstanding limitations on Awards in the Plan. Substitute Awards shall not reduce the Shares authorized for grant under the Plan, except as may be required by reason of Code Section 422, and Shares subject to such Substitute
Awards shall not be added to the Shares available for Awards under the Plan as provided in Section 3(b) above. Additionally, in the event that a company acquired by the Company or any Subsidiary or with which the Company or any Subsidiary
combines has shares available under a pre-existing plan approved by its stockholders and not adopted in contemplation of such acquisition or combination, the shares available for grant pursuant to the terms of
such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment or valuation ratio or formula used in such acquisition or combination to determine the consideration
payable to the holders of common stock of the entities party to such acquisition or combination) may be used for Awards under the Plan and shall not reduce the Shares authorized for grant under the Plan (and Shares subject to such Awards shall not
be added to the Shares available for Awards under the Plan as provided in Section 3(b) above); provided that Awards using such available Shares shall not be made after the date awards or grants could have been made under the terms
of the pre-existing plan, absent the acquisition or combination, and shall only be made to individuals who were not employed by or providing services to the Company or its Subsidiaries immediately prior to
such acquisition or combination. 
 4.     Administration of the Plan. 

(a)     Administrator. The Committee shall administer the Plan (except as otherwise permitted herein). To the
extent required to comply with the provisions of Rule 16b-3, it is intended that each member of the Committee will be, at the time the Committee takes any action with respect to an Award that is subject
to Rule 16b-3, a “non-employee director” within the meaning of Rule 16b-3. Additionally, to the extent
required by Applicable Law, each of the individuals constituting the Committee shall be an “independent director” under the rules of any securities exchange or automated quotation system on which the Shares are listed, quoted or
traded. Notwithstanding the foregoing, any action taken by the Committee shall be valid and effective, whether or not members of the Committee at the time of such action are later determined not to have satisfied the requirements for membership set
forth in this Section 4(a). Notwithstanding the foregoing, (i) the full Board, acting by a majority of its members in office, shall conduct the general administration of the Plan with respect to Awards granted to Non-Employee Directors and, with respect to such Awards, the term “Administrator” as used in the Plan shall be deemed to refer to the Board and (ii) the Board or Committee may delegate its authority
hereunder to the extent permitted by Section 4(e). 
 (b)     Duties of the Administrator. It shall
be the duty of the Administrator to conduct the general administration of the Plan in accordance with its provisions. The Administrator shall have the power to interpret the Plan, all Programs and Award Agreements, and to adopt such rules for
the administration, interpretation and application of the Plan and any Program as are not inconsistent with the Plan, to interpret, amend or revoke any such rules and to amend the Plan or any Program or Award Agreement; provided that the
rights or obligations of the Participant holding such Award that is the subject of any such Program or Award Agreement are not materially and adversely affected by such amendment, unless the consent of the Participant is obtained or such amendment
is otherwise permitted under Section 19(a) or Section 29. In its sole discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Committee in its capacity as the Administrator under the
Plan except with respect to matters which under Rule 16b-3 under the Exchange Act or any successor rule, or any regulations or rules issued thereunder, or the rules of any securities exchange or
automated quotation system on which the Shares are listed, quoted or traded are required to be determined in the sole discretion of the Committee. 

  
 7 

 (c)     Powers of the Administrator. Subject to the
provisions of the Plan, including, in the case of the Committee, subject to the specific duties delegated by the Board to the Committee, and Applicable Law, 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 type or types of Awards to be granted to each Service Provider (including, without limitation,
any Awards granted in tandem with another Award granted pursuant to the Plan); 

  

	 	(iv)	 to determine the number of Awards to be granted and the number and class of Shares to be covered by each Award
granted hereunder; 

  

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

 

	 	(vi)	 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 or vest (which may be based on one or more Performance Criteria or achievement of one or more Performance
Goals), 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;

  

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

 

	 	(viii)	 to determine whether, to what extent, and under what circumstances an Award may be settled in, or the exercise
price of an Award may be paid, in cash, Shares, other Awards, or other property, or an Award may be canceled, forfeited, or surrendered; 

  

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

 

	 	(x)	 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; 

 

	 	(xi)	 to modify or amend each Award (subject to Section 19), 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)); 

  

	 	(xii)	 to allow Participants to satisfy withholding tax obligations in a manner prescribed in Section 15;

  

	 	(xiii)	 to authorize any person to execute on behalf of the Company any instrument required to effect the grant of an
Award previously authorized by the Administrator; 

  
 8 

	 	(xiv)	 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 

  

	 	(xv)	 to make all other determinations deemed necessary or advisable for administering the Plan.

 (d)     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. 

(e)     Delegation of Authority. The Board or Committee may from time to time delegate to a committee of one
or more Directors or one or more officers of the Company the authority to grant or amend Awards or to take other administrative actions pursuant to this Section 4; provided, however, that in no event shall an officer of the
Company be delegated the authority to grant Awards to, or amend Awards held by, the following individuals: (i) individuals who are subject to Section 16 of the Exchange Act, or (ii) officers of the Company (or Directors) to whom
authority to grant or amend Awards has been delegated hereunder; provided, further, that any delegation of administrative authority shall only be permitted to the extent it is permissible under any Applicable Law. Any delegation
hereunder shall be subject to the restrictions and limits that the Board or Committee specifies at the time of such delegation, and the Board or Committee, as applicable, may at any time rescind the authority so delegated or appoint a new delegatee.
At all times, the delegatee appointed under this Section 4(e) shall serve in such capacity at the pleasure of the Board or the Committee, as applicable, and the Board or the Committee may abolish any committee at any time and re-vest in itself any previously delegated authority. Neither the Administrator nor any member or delegate thereof shall have any liability to any person (including any Participant) for any action taken or omitted
to be taken or any determination made in good faith with respect to the Plan or any Award. 
 5.    
Eligibility. 
 (a)     Participation. The Administrator may, from time to time, select from
among all Service Providers those to whom an Award shall be granted and shall determine the nature and amount of each Award, which shall not be inconsistent with the requirements of the Plan. Except for any
Non-Employee Director’s right to Awards that may be required pursuant to the Non-Employee Director Equity Compensation Policy as described in Section 5(d)(i),
no Service Provider or other person shall have any right to be granted an Award pursuant to the Plan and neither the Company nor the Administrator is obligated to treat Service Providers, Participants or any other persons uniformly. Participation by
each Participant in the Plan shall be voluntary and nothing in the Plan or any Program shall be construed as mandating that any Service Provider or other person shall participate in the Plan. Nonstatutory Stock Options, Stock Appreciation Rights,
Restricted Stock, Restricted Stock Units and Other Stock or Cash Based Awards may be granted to Service Providers. Incentive Stock Options may be granted only to Employees. 

(b)     Limitations Applicable to Section 16 Persons. Notwithstanding any
other provision of the Plan, any Award granted or awarded to any individual who is then subject to Section 16 of the Exchange Act shall be subject to any additional limitations set forth in any applicable exemptive rule under
Section 16 of the Exchange Act (including Rule 16b-3 of the Exchange Act and any amendments thereto) that are requirements for the application of such exemptive rule. To the extent permitted by
Applicable Law, the Plan and Awards granted or awarded hereunder shall be deemed amended to the extent necessary to conform to such applicable exemptive rule. 

(c)     Foreign Holders. Notwithstanding any provision of the Plan or applicable Program to the contrary, in
order to comply with the laws in countries other than the United States in which the Company and its Subsidiaries operate or have Employees, Non-Employee Directors or Consultants, or in order to comply with
the requirements of any foreign securities exchange or other Applicable Law, the Administrator, in its sole discretion, shall have the power and authority to: (i) determine which Subsidiaries shall be covered by the Plan; (ii) determine
which Service Providers outside the United States are eligible to participate in the Plan; (iii) modify the terms and conditions of any Award granted to Service Providers outside the United States to comply with Applicable Law (including,
without limitation, applicable foreign laws or listing requirements of any foreign securities exchange); (iv) establish subplans and modify exercise procedures and other terms and procedures, to the extent such actions

  
 9 

 
may be necessary or advisable; provided, however, that no such subplans and/or modifications shall increase the share limitation contained in Section 3(a) or the Director Limit; and
(v) take any action, before or after an Award is made, that it deems advisable to obtain approval or comply with any necessary local governmental regulatory exemptions or approvals or listing requirements of any foreign securities exchange.

 (d)     Non-Employee Director Awards. 

(i)     Non-Employee Director Equity Compensation Policy. The
Administrator, in its sole discretion, may provide that Awards granted to Non-Employee Directors shall be granted pursuant to a written nondiscretionary formula established by the Administrator (the “Non-Employee Director Equity Compensation Policy”), subject to the limitations of the Plan. The Non-Employee Director Equity Compensation Policy shall set forth the
type of Award(s) to be granted to Non-Employee Directors, the number of Shares and class of Common Stock to be subject to Non-Employee Director Awards, the
conditions on which such Awards shall be granted, become exercisable and/or payable and expire, and such other terms and conditions as the Administrator shall determine in its sole discretion. The Non-Employee
Director Equity Compensation Policy may be modified by the Administrator from time to time in its sole discretion and pursuant to the exercise of its business judgment, taking into account such factors, circumstances and considerations as it shall
deem relevant from time to time. 
 (ii)     Director Limit. Notwithstanding any provision to the contrary in
the Plan or in the Non-Employee Director Equity Compensation Policy, the sum of the grant date fair value of equity-based Awards and the amount of any cash-based Awards or other fees granted to a Non-Employee Director during any calendar year shall not exceed $750,000 in the case of an incumbent director, $1,000,000 in the case of the Chairman of the Board who is a
Non-Employee Director, or $1,000,000 in the case of a new Non-Employee Director during his or her first year of service (the “Director Limit”). The
Administrator may make exceptions to this limit for individual Non-Employee Directors in extraordinary circumstances, as the Administrator may determine in its discretion, provided that the Non-Employee Director receiving such additional compensation may not participate in the decision to award such compensation or in other contemporaneous compensation decisions involving
Non-Employee Directors. 
 6.     Stock Options. 

(a)     Grant of Options. Subject to the terms and provisions of the Plan, including any limitations in the
Plan that apply to Incentive Stock Options, 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 class of Common Stock, 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 corporation or subsidiary corporation thereof (as defined in Section 424(e) and 424(f) of the Code, respectively)) exceeds $100,000,
such Options will be treated as Nonstatutory Stock Options to the extent required by Code Section 422. 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. Neither
the Company nor the Administrator shall have any liability to a Participant, or any other person, (a) if an Option (or any part thereof) which is intended to qualify as an Incentive Stock Option fails to qualify as an Incentive Stock Option or
(b) for any action or omission by the Company or the Administrator that causes an Option not to qualify as an Incentive Stock Option, including, without limitation, the conversion of an Incentive Stock Option to a Nonstatutory Stock Option or
the grant of an Option intended as an Incentive Stock Option that fails to satisfy the requirements under the Code applicable to an Incentive Stock Option. 

  
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 (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 10 years from the date of grant thereof. In the case of an Incentive Stock Option granted to a Greater Than 10% Stockholder, the term of the Incentive
Stock Option will be five years from the date of grant or such shorter term as may be provided in the Award Agreement. 

(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 100% of the Fair Market Value per Share on the date of grant (or, as to Incentive Stock Options, on the date the Option is modified, extended or renewed for purposes of
Section 424(h) of the Code). In addition, in the case of an Incentive Stock Option granted to a Greater Than 10% Stockholder, the per Share exercise price will be no less than 110% of the Fair Market Value per Share on the date of grant
(or the date the Option is modified, extended or renewed for purposes of Section 424(h) of the Code). Notwithstanding the foregoing provisions of this Section 6(e)(i), Options that are a Substitute Award may be granted with a per
Share exercise price of less than 100% of the Fair Market Value per Share on the date of grant; provided that the exercise price of any Substitute Award shall be determined in accordance with the applicable requirements of Code
Section 424 and Code Section 409A. 
 (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. Except as limited by the requirements of
Section 6(d) of the Plan, Code Section 409A or Code Section 422 and regulations and rulings thereunder and without limiting the Company’s rights under Section 19, the Administrator may extend the term of any outstanding
Option, and may extend the time period during which vested Options may be exercised, in connection with any Termination of Service of the Participant, and may amend, subject to Section 19, any other term or condition of such Option relating to
such Termination of Service of the Participant or otherwise. 
 (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) 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,
(4) consideration received by the Company under a cashless exercise program (whether through a broker or otherwise) implemented by the Company in connection with the Plan, (5) by net exercise, (6) such other consideration and method
of payment for the issuance of Shares to the extent permitted by Applicable Laws, or (7) 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 exercisable Option may be exercised in whole or in part, but may not be
exercised for a fraction of a Share and the Administrator may require that, by the terms of the Option, a partial exercise must be with respect to a minimum number of Shares. 

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, which shall be signed or otherwise acknowledged electronically by the Participant or other person then entitled to exercise 

  
 11 

 
the Option or such portion thereof, (ii) full payment for the Shares with respect to which the Option is exercised (together with applicable tax withholding), (iii) such representations
and documents as the Administrator, in its sole discretion, deems necessary or advisable to effect compliance with Applicable Law, and (iv) in the event that the Option shall be exercised pursuant to the terms of the Plan by any person or
persons other than the Participant, appropriate proof of the right of such person or persons to exercise the Option, as determined in the sole discretion of the Administrator. The Administrator may provide in any Award Agreement for the automatic
exercise of an Option upon such terms and conditions as established by the Administrator, provided that the Fair Market Value per Share is greater than the exercise price at the time of exercise. 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 14. 

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
Service. If a Participant ceases to be a Service Provider, other than upon the Participant’s Termination of Service 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 of Service. In the absence of a specified time in the Award Agreement, the Option shall remain exercisable for three months following the Participant’s Termination of Service. Unless otherwise provided by the
Administrator, if, on the date of Termination of Service, the Participant is not vested as to his or her entire Option, the Participant shall forfeit the unvested portion of the Option and the Shares covered by such unvested portion of the Option
will revert to the Plan. If, after Termination of Service, 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 of Service. In the absence of a specified time in the Award Agreement, the Option shall remain exercisable for 12 months following the Participant’s Termination of
Service. Unless otherwise provided by the Administrator, if, on the date of Termination of Service, 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 of Service, 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 12 months following the Participant’s Termination of Service. Unless otherwise provided by the 

  
 12 

 
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. 

(g)    Notification Regarding Disposition. If requested by the Company, the Participant shall give the
Company prompt written or electronic notice of any disposition or other transfers (other than in connection with a Change in Control) of Shares acquired by exercise of an Incentive Stock Option which occurs within (a) two years from the date of
granting (including the date the Option is modified, extended or renewed for purposes of Code Section 424(h)) such Option to such Participant, or (b) one year after the date of transfer of such Shares to such Participant. Such notice shall
specify the date of such disposition or other transfer and the amount realized, in cash, other property, assumption of indebtedness or other consideration, by the Participant in such disposition or other transfer. 

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
and class of Common Stock 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 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. Notwithstanding the foregoing, in the case of a Stock Appreciation Right that is a Substitute Award, the exercise price per share of the Shares subject to such Stock Appreciation Right, as applicable, may be less than the
Fair Market Value per share on the date of grant; provided that the exercise price of any Substitute Award shall be determined in accordance with the applicable requirements of Code Section 424 and Code Section 409A. 

(d)    Stock Appreciation Right Agreement. Each Stock Appreciation Right grant will be evidenced by an Award
Agreement that will specify the class of Common Stock, 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. The
Administrator may provide in any Award Agreement for the automatic exercise of a Stock Appreciation Right upon such terms and conditions as established by the Administrator, provided that the Fair Market Value per Share is greater than the exercise
price at the time of exercise. 
 (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 per Share of such Award; times 

(ii)    the number of Shares with respect to which the Stock Appreciation Right is exercised. 

  
 13 

 At the discretion of the Administrator, the payment upon exercise of a Stock Appreciation
Right 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 class of Common Stock, Period of Restriction, the number of Shares granted, and such other terms and conditions as the Administrator, in its sole discretion, will determine. The Administrator shall establish the purchase price,
if any, and form of payment for the Shares of Restricted Stock; provided, however, that if a purchase price is charged, such purchase price shall be no less than the par value, if any, of the Shares to be purchased, unless otherwise
permitted by Applicable Law. Unless the Administrator determines otherwise, the Company, as escrow agent, will hold Shares of Restricted Stock until the restrictions on such Shares have lapsed. 

(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, Participants holding Shares of Restricted Stock
granted hereunder may exercise full voting rights with respect to those Shares, unless the Administrator determines otherwise and subject to the restrictions in the Plan, any applicable Program and/or the applicable Award Agreement. 

(g)    Dividends and Other Distributions. During the Period of Restriction, Participants holding Shares of
Restricted Stock will be entitled to receive all dividends and other distributions paid or made with respect to such Shares to the extent such dividends and other distributions have a record date that is on or after the date on which the Participant
to whom such Restricted Stock is granted becomes the record holder of such Restricted Stock, unless the Administrator provides otherwise. The Administrator may, at or after the date of grant, authorize the payment of dividends or dividend
equivalents on Awards granted under this Section 8 on either a current or deferred or contingent basis, either in cash or in additional Shares. 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 the Company. Except as otherwise determined by the Administrator and
provided in the Award Agreement, if no price was paid by the Participant for the Restricted Stock, upon a Termination of Service during the applicable Period of Restriction, the Participant’s rights in unvested Restricted Stock then subject to
restrictions shall lapse, and such Restricted Stock shall be surrendered to the Company and cancelled without consideration on the date of such Termination of Service. If a price was paid by the Participant for the Restricted Stock, upon a
Termination of Service during the applicable Period of Restriction, the Company shall have the right to repurchase from the Participant the unvested Restricted Stock then subject to restrictions at a cash price per share equal to the price paid by
the Participant for such Share of Restricted Stock or such other amount as may be specified in the applicable Program or Award Agreement. 

  
 14 

 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 evidence the Award in an Award Agreement providing for the terms, conditions, and restrictions related to the grant, including the class of Common
Stock and 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 one or more Performance Goals or Performance Criteria, or any other basis determined by the Administrator in its discretion. An Award of Restricted Stock Units shall only be eligible to vest while the
Participant is a Service Provider, as applicable; provided, however, that the Administrator, in its sole discretion, may provide (in an Award Agreement or otherwise) that a Restricted Stock Unit award may become vested subsequent to a
Termination of Service in the event of the occurrence of certain events, including a Change in Control, the Participant’s death, retirement or disability or any other specified Termination of Service in accordance with the applicable
requirements of Code Section 409A. 
 (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. A Participant will have no rights of a stockholder with respect to Shares subject to any Restricted Stock Unit unless and until the Shares are delivered in settlement of
the Restricted Stock Unit. 
 (d)    Form and Timing of Payment.
At the time of grant, the Administrator shall specify the maturity date applicable to each grant of Restricted Stock Units, which shall be no earlier than the vesting date or dates of the Award, and may be determined at the election of the
Participant (if permitted by the applicable Award Agreement); provided that, except as otherwise determined by the Administrator, and subject to compliance with Code Section 409A, in no event shall the maturity date relating to each
Restricted Stock Unit occur following the later of (a) the 15th day of the third month following the end of the calendar year in which the applicable portion of the Restricted Stock Unit vests; and (b) the 15th day of the third
month following the end of the Company’s fiscal year in which the applicable portion of the Restricted Stock Unit vests. On the maturity date, the Company shall, in accordance with the applicable Award Agreement and subject to Section 20,
transfer to the Participant one unrestricted, fully transferable Share for each Restricted Stock Unit scheduled to be paid out on such date and not previously forfeited, or in the sole discretion of the Administrator, an amount in cash equal to the
Fair Market Value of such Shares on the maturity date, or a combination of cash and Shares as determined by the Administrator. 

(e)    Cancellation. On the date set forth in the Award Agreement, all unearned Restricted Stock Units will
be forfeited to the Company. 
 10.    Other Stock or Cash Based Awards and Dividend Equivalents. 

(a)    Other Stock or Cash Based Awards. The Administrator is authorized to grant Other Stock or Cash Based
Awards, including awards entitling a Participant to receive Shares or cash to be delivered immediately or in the future, to any Service Provider. Subject to the provisions of the Plan and any applicable Program, the Administrator shall determine the
terms and conditions of each Other Stock or Cash Based Award, including the term of the Award, the class of Common Stock, any exercise or purchase price, Performance Criteria and Performance Goals, transfer restrictions, vesting conditions and other
terms and conditions applicable thereto, which shall be set forth in the applicable Award Agreement. Other Stock or Cash Based Awards may be paid in cash, Shares, or a combination of cash and Shares, as determined by the Administrator, and may be
available as a 

  
 15 

 
form of payment in the settlement of other Awards granted under the Plan, as stand-alone payments, as a part of a bonus, deferred bonus, deferred compensation or other arrangement, and/or as
payment in lieu of compensation to which a Service Provider is otherwise entitled. 
 (b)    Dividend
Equivalents. Dividend Equivalents may be granted by the Administrator, either alone or in tandem with another Award, based on dividends declared on the class of Common Stock underlying the Award, to be credited as of dividend payment dates
during the period between the date the Dividend Equivalents are granted to a Participant and the date such Dividend Equivalents terminate or expire, as determined by the Administrator. Such Dividend Equivalents shall be converted to cash or
additional Shares by such formula and at such time and subject to such restrictions and limitations as may be determined by the Administrator. In addition, Dividend Equivalents with respect to an Award that are based on dividends paid prior to the
vesting of such Award shall only be paid out to the Participant to the extent that the vesting conditions are subsequently satisfied and the Award vests. 

11.    Acceleration. The Administrator has the exclusive power, authority and sole discretion to accelerate, wholly
or partially, the vesting or lapse of restrictions (and, if applicable, the Company shall cease to have a right of repurchase) of any Award or portion thereof at any time after the grant of an Award, subject to whatever terms and conditions it
selects and Section 14. 
 12.    Leaves of Absence/Transfer Between Locations. The Administrator shall in
its discretion determine the circumstances under which vesting of Awards granted hereunder will be suspended during any unpaid leave of absence. Except as provided otherwise by the Administrator in an Award Agreement or as required pursuant to
Applicable Law, 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 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 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.
For purposes of the Plan, a Participant’s employee-employer relationship or consultancy relationship shall be deemed to be terminated in the event that the Subsidiary employing or contracting with such Participant ceases to remain a Subsidiary
following any merger, sale of stock or other corporate transaction or event (including, without limitation, a spin-off). In all cases, the Administrator shall treat a Participant’s leave of absence or
employment transfer in compliance with Applicable Law where required to do so pursuant to the Code or otherwise. 

13.    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 (A) by will or by the laws of descent and distribution or (B) subject to the consent of the Administrator, pursuant to a DRO, unless and until such Award has been exercised or the Shares
underlying such Award have been issued, and all restrictions applicable to such Shares have lapsed. 
 (b)    No Award
or interest or right therein shall be liable for or otherwise subject to the debts, contracts or engagements of the Participant or the Participant’s successors in interest or shall be subject to disposition by transfer, alienation,
anticipation, pledge, hypothecation, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings
(including bankruptcy) unless and until such Award has been exercised, or the Shares underlying such Award have been issued, and all restrictions applicable to such Shares have lapsed, and any attempted disposition of an Award prior to satisfaction
of these conditions shall be null and void and of no effect, except to the extent that such disposition is permitted by Section 13(a). During the lifetime of the Participant, only the Participant may exercise any exercisable portion of an Award
granted to such Participant under the Plan, unless it has been disposed of pursuant to a DRO. After the death of the Participant, any exercisable portion of an Award may, prior to the time when such portion becomes unexercisable under the Plan or
the applicable Program or Award Agreement, be exercised by the Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the then-applicable laws of descent and distribution.

  
 16 

 (c)    Notwithstanding Section 13(a), the Administrator, in its
sole discretion, may determine to permit a Participant or a Permitted Transferee of such Participant to transfer an Award, other than an Incentive Stock Option (unless such Incentive Stock Option is intended to become a Nonstatutory Stock Option),
to any one or more Permitted Transferees of such Participant, subject to the following terms and conditions: (i) an Award transferred to a Permitted Transferee shall not be assignable or transferable by the Permitted Transferee other than
(A) to another Permitted Transferee of the applicable Participant or (B) by will or the laws of descent and distribution or, subject to the consent of the Administrator, pursuant to a DRO; (ii) an Award transferred to a Permitted
Transferee shall continue to be subject to all the terms and conditions of the Award as applicable to the original Participant (other than the ability to further transfer the Award to any person other than another Permitted Transferee of the
applicable Participant); (iii) the Participant (or transferring Permitted Transferee) and the receiving Permitted Transferee shall execute any and all documents requested by the Administrator, including, without limitation, documents to
(A) confirm the status of the transferee as a Permitted Transferee, (B) satisfy any requirements for an exemption for the transfer under Applicable Law and (C) evidence the transfer; and (iv) the transfer of an Award to a
Permitted Transferee shall be without consideration. In addition, and further notwithstanding Section 13(a), hereof, the Administrator, in its sole discretion, may determine to permit a Participant to transfer Incentive Stock Options to a trust
that constitutes a Permitted Transferee if, under Code Section 671 and other Applicable Law, the Participant is considered the sole beneficial owner of the Incentive Stock Option while it is held in the trust. 

(d)    Notwithstanding Section 13(a), a Participant may, in the manner determined by the Administrator, designate a
beneficiary to exercise the rights of the Participant and to receive any distribution with respect to any Award upon the Participant’s death. A beneficiary, legal guardian, legal representative, or other person claiming any rights pursuant to
the Plan is subject to all terms and conditions of the Plan and any Program or Award Agreement applicable to the Participant and any additional restrictions deemed necessary or appropriate by the Administrator. If the Participant is married or a
domestic partner in a domestic partnership qualified under Applicable Law and resides in a community property state, a designation of a person other than the Participant’s spouse or domestic partner, as applicable, as the Participant’s
beneficiary with respect to more than 50% of the Participant’s interest in the Award shall not be effective without the prior written or electronic consent of the Participant’s spouse or domestic partner. If no beneficiary has been
designated or survives the Participant, payment shall be made to the person entitled thereto pursuant to the Participant’s will or the laws of descent and distribution. Subject to the foregoing, a beneficiary designation may be changed or
revoked by a Participant at any time; provided that the change or revocation is delivered in writing to the Administrator prior to the Participant’s death. 

14.    Adjustments; Dissolution or Liquidation; Change in Control. 

(a)    Adjustments. In the event that any stock 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 Equity Restructuring or change in the corporate structure of the Company affecting 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, shall make equitable adjustments to (i) the aggregate number and class of Shares that may be delivered under the Plan as set forth in the limitation in
Section 3(a), (ii) the number, class, and grant or exercise price of Shares covered by each outstanding Award, and (iii) the terms and conditions of any outstanding Awards (including, without limitation, any applicable Performance
Criteria and Performance Goals with respect thereto). 
 (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. 

  
 17 

 (c)    Merger or other Reorganization. In the event of any
transaction or event described in Section 14(a), including a Change in Control, each outstanding Award will be treated as the Administrator determines in its sole discretion and on such terms and conditions as the Administrator deems
appropriate, 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 applicable exercise or purchase prices, in all cases, as determined by the Administrator; (ii) upon written notice to a Participant, that the Participant’s Awards will terminate upon or immediately prior to
the consummation of such transaction; (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 transaction
or event, notwithstanding anything to the contrary in the Plan or the applicable Program or Award Agreement; (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; (v) to provide that the Award cannot vest, be exercised or become payable after such event; or (vi) any combination of the
foregoing. In taking any of the actions permitted under this Section 14(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 in a Change in Control does not assume or substitute for the Award (or portion thereof), the
Administrator will (i) cause any or all of such Award (or portion thereof) to terminate in exchange for cash, rights or other property pursuant to Section 14(c), or (ii) cause the Participant to 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 Criteria, all Performance Goals will be deemed achieved at the greater of actual performance or 100% of target levels and all other terms and conditions met. 

For the purposes of this Section 14(c), an Award will be considered assumed if, following the Change in Control, the Award confers the
right to purchase or receive, for each Share subject to the Award immediately prior to the Change in Control, the consideration (whether stock, cash, or other securities or property) received in the 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 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 Change in Control. 
 Notwithstanding anything in this Section 14(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 14(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. 

  
 18 

 (d)    Limitations. The Administrator, in its sole
discretion, may include such further provisions and limitations in any Award, agreement or certificate as it may deem equitable and in the best interests of the Company that are not inconsistent with the provisions of the Plan. The existence of the
Plan, any Program, any Award Agreement and/or the Awards granted hereunder shall not affect or restrict in any way the right or power of the Company or the stockholders of the Company to make or authorize any adjustment, recapitalization,
reorganization or other change in the Company’s capital structure or its business, any merger or consolidation of the Company, any issue of stock or of options, warrants or rights to purchase stock or of bonds, debentures, preferred or prior
preference stocks whose rights are superior to or affect the Common Stock or the rights thereof or which are convertible into or exchangeable for Common Stock, or the dissolution or liquidation of the Company, or any sale or transfer of all or any
part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. In the event of any pending stock dividend, stock split, combination or exchange of shares, merger, consolidation or other
distribution (other than normal cash dividends) of Company assets to stockholders, or any other change affecting the Shares or the share price of a class of Common Stock, for reasons of administrative convenience, the Company, in its sole
discretion, may refuse to permit the exercise of any Award during a period of up to thirty (30) days prior to the consummation of any such transaction. 

15.    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, employment tax or social security contribution obligations) required to be withheld with respect to any taxable event concerning a Participant arising as a result of the Plan or any Award. 

(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 no greater than the aggregate amount of such obligations based on the maximum statutory withholding rates in such Participant’s applicable jurisdictions for federal, state, local and foreign income tax and payroll tax
purposes that are applicable to such taxable income, (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, (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, or (v) any combination of the above permitted forms of payment. 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. 

16.    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. 
 17.    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. 

  
 19 

 18.    Term of Plan. Subject to Section 22, the Plan will
become effective upon its approval by the stockholders. Unless sooner terminated under Section 19, it will continue in effect for a term of 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. 

19.    Amendment and Termination. 

(a)    Amendment and Termination of Awards. Subject to Applicable Law, the Administrator may amend, modify or
terminate any outstanding Award, including but not limited to, substituting therefor another Award of the same or a different type, changing the date of exercise or settlement, and converting an Incentive Stock Option to a Nonstatutory Stock Option;
provided, that the Participant’s consent to such action shall be required unless (a) the Administrator determines that the action, taking into account any related action, would not materially and adversely affect the Participant, or
(b) the change is otherwise permitted under the Plan (including, without limitation, under Section 14 or Section 29). 

(b)    Amendment and Termination of the Plan. Except as otherwise provided in Section 19(c), the Board
may at any time amend, alter, suspend or terminate the Plan. 
 (c)    Stockholder Approval.
Notwithstanding Section 19(b), the Company will obtain stockholder approval of any Plan amendment to the extent necessary to comply with Applicable Laws, including, without limitation, with respect to any increase to the limit imposed in
Section 3(a) on the maximum number of Shares which may be issued under the Plan. 

(d)    Expiration. No Awards may be granted or awarded during any period of suspension or after termination
of the Plan, and notwithstanding anything herein to the contrary, in no event may any Award be granted under the Plan after the tenth (10th) anniversary of the earlier of (i) the date on which the Plan was adopted by the Board or (ii) the
date the Plan was approved by the Company’s stockholders (such anniversary, the “Expiration Date”). Any Awards that are outstanding on the Expiration Date shall remain in force according to the terms of the Plan, the applicable
Program and the applicable Award Agreement. 
 (e)    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. 

20.    Conditions Upon Issuance of Shares. 

(a)    Legal Compliance. The Administrator shall determine the methods by which Shares shall be delivered or
deemed to be delivered to Participants. Shares will not be issued pursuant to the exercise of an Award unless the Administrator has determined that the exercise of such Award and the issuance and delivery of such Shares will comply with Applicable
Laws and may be further subject to the approval of counsel for the Company with respect to such compliance. 

(b)    Representations. In addition to the terms and conditions provided herein, the Company may require a
Participant to make such reasonable covenants, agreements and representations as the Administrator, in its sole discretion, deems advisable in order to comply with Applicable Law. 

(c)    Restrictions. All share certificates delivered pursuant to the Plan and all Shares issued pursuant to
book entry procedures are subject to any stop-transfer orders and other restrictions as the Administrator deems necessary or advisable to comply with Applicable Law. The Administrator may place legends on any share certificate or book entry to
reference restrictions applicable to the Shares (including, without limitation, restrictions applicable to Restricted Stock). The Administrator shall have the right to require any Participant to comply with any timing or other restrictions with
respect to the settlement, distribution or exercise of any Award, including a 

  
 20 

 
window-period limitation, as may be imposed in the sole discretion of the Administrator. The Company, in its sole discretion, may (i) retain physical possession of any stock certificate
evidencing Shares until any restrictions thereon shall have lapsed and/or (ii) require that the stock certificates evidencing such Shares be held in custody by a designated escrow agent (which may, but need not, be the Company) until the
restrictions thereon shall have lapsed, and that the Participant deliver a stock power, endorsed in blank, relating to such Shares. 

21.    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. 
 22.    Stockholder Approval. The Plan will be
submitted for approval by the stockholders of the Company within 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. 

23.    Forfeiture and Claw-Back Provisions. All Awards (including any proceeds, gains or other economic benefit
actually or constructively received by a Participant upon any receipt or exercise of any Award or upon the receipt or resale of any Shares underlying the Award and any payments of a portion of an incentive-based bonus pool allocated to a
Participant) shall be subject to the provisions of any claw-back policy implemented by the Company, including, without limitation, any claw-back policy adopted to comply with the requirements of Applicable Law, including, without limitation, the
Dodd-Frank Wall Street Reform and Consumer Protection Act and any rules or regulations promulgated thereunder, whether or not such claw-back policy was in place at the time of grant of an Award, to the extent set forth in such claw-back policy
and/or in the applicable Award Agreement. 
 24.    Data Privacy. As a condition of receipt of any Award, each
Participant explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of personal data as described in this Section 24 by and among, as applicable, the Company and its Subsidiaries for the exclusive
purpose of implementing, administering and managing the Participant’s participation in the Plan. The Company and its Subsidiaries may hold certain personal information about a Participant, including but not limited to, the Participant’s
name, home address and telephone number, date of birth, social security or insurance number or other identification number, salary, nationality, job title(s), any shares of stock held in the Company or any of its Subsidiaries and details of all
Awards, in each case, for the purpose of implementing, managing and administering the Plan and Awards (the “Data”). The Company and its Subsidiaries may transfer the Data amongst themselves as necessary for the purpose of
implementation, administration and management of a Participant’s participation in the Plan, and the Company and its Subsidiaries may each further transfer the Data to any third parties assisting the Company and its Subsidiaries in the
implementation, administration and management of the Plan. These recipients may be located in the Participant’s country, or elsewhere, and the Participant’s country may have different data privacy laws and protections than the
recipients’ country. Through acceptance of an Award, each Participant authorizes such recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing
the Participant’s participation in the Plan, including any requisite transfer of such Data as may be required to a broker or other third party with whom the Company or any of its Subsidiaries or the Participant may elect to deposit any Shares.
The Data related to a Participant will be held only as long as is necessary to implement, administer, and manage the Participant’s participation in the Plan. A Participant may, at any time, view the Data held by the Company with respect to such
Participant, request additional information about the storage and processing of the Data with respect to such Participant, recommend any necessary corrections to the Data with respect to the Participant or refuse or withdraw the consents herein in
writing, in any case without cost, by contacting his or her local human resources representative. The Company may cancel the Participant’s ability to participate in the Plan and, in the Administrator’s discretion, the Participant may
forfeit any outstanding Awards if the Participant refuses or withdraws his or her consents as described herein. For more information on the consequences of refusal to consent or withdrawal of consent, Participants may contact their local human
resources representative. 
 25.    Paperless Administration. In the event that the Company establishes, for
itself or using the services of a third party, an automated system for the documentation, granting or exercise of Awards, such as a system using an internet website or interactive voice response, then the paperless documentation, granting or
exercise of Awards by a Participant may be permitted through the use of such an automated system. 

  
 21 

 26.    Effect of Plan upon Other Compensation Plans. The adoption
of the Plan shall not affect any other compensation or incentive plans in effect for the Company or any Subsidiary. Nothing in the Plan shall be construed to limit the right of the Company or any Subsidiary: (a) to establish any other forms of
incentives or compensation for Employees, Directors or Consultants of the Company or any Subsidiary, or (b) to grant or assume options or other rights or awards otherwise than under the Plan in connection with any proper corporate purpose
including without limitation, the grant or assumption of options in connection with the acquisition by purchase, lease, merger, consolidation or otherwise, of the business, stock or assets of any corporation, partnership, limited liability company,
firm or association. 
 27.    Titles and Headings, References to Sections of the Code or Exchange Act. The
titles and headings of the Sections in the Plan are for convenience of reference only and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control. References to sections of the Code or the Exchange Act
shall include any amendment or successor thereto. 
 28.    Governing Law. The Plan and any Programs and Award
Agreements hereunder shall be administered, interpreted and enforced under the internal laws of the State of Delaware without regard to conflicts of laws thereof or of any other jurisdiction. 

29.    Code Section 409A. To the extent that the Administrator determines that any Award granted
under the Plan is subject to Code Section 409A, the Plan, the Program pursuant to which such Award is granted and the Award Agreement evidencing such Award shall incorporate the terms and conditions required by Code Section 409A. In that
regard, to the extent any Award under the Plan or any other compensatory plan or arrangement of the Company or any of its Subsidiaries is subject to Code Section 409A, and such Award or other amount is payable on account of a Participant’s
Termination of Service (or any similarly defined term), then (a) such Award or amount shall only be paid to the extent such Termination of Service qualifies as a “separation from service” as defined in Code Section 409A, and
(b) if such Award or amount is payable to a “specified employee” as defined in Code Section 409A, then to the extent required in order to avoid a prohibited distribution under Code Section 409A, such Award or other
compensatory payment shall not be payable prior to the earlier of (i) the expiration of the six-month period measured from the date of the Participant’s Termination of Service, or (ii) the date
of the Participant’s death. To the extent applicable, the Plan, the Program and any Award Agreements shall be interpreted in accordance with Code Section 409A. Notwithstanding any provision of the Plan to the contrary, in the event that
following the Effective Date, the Administrator determines that any Award may be subject to Code Section 409A, the Administrator may (but is not obligated to), without a Participant’s consent, adopt such amendments to the Plan and the
applicable Program and Award Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Administrator determines are necessary or appropriate to
(A) exempt the Award from Code Section 409A and/or preserve the intended tax treatment of the benefits provided with respect to the Award, or (B) comply with the requirements of Code Section 409A and thereby avoid the application
of any penalty taxes under Section Code 409A. The Company makes no representations or warranties as to the tax treatment of any Award under Code Section 409A or otherwise. The Company shall have no obligation under this Section 29 or
otherwise to take any action (whether or not described herein) to avoid the imposition of taxes, penalties or interest under Code Section 409A with respect to any Award, and shall have no liability to any Participant or any other person if any
Award, compensation or other benefits under the Plan are determined to constitute non-compliant, “nonqualified deferred compensation” subject to the imposition of taxes, penalties and/or interest
under Code Section 409A. 
 30.    Unfunded Status of Awards. The Plan is intended to be an
“unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Program or Award Agreement shall give the Participant any rights that are
greater than those of a general creditor of the Company or any Subsidiary. 

  
 22 

 31.    Indemnification. To the extent permitted under Applicable
Law, each member of the Administrator (and each delegate thereof pursuant to Section 4(f)) shall be indemnified and held harmless by the Company from any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by such
member in connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action or failure to act pursuant to the Plan or any Award Agreement, and
against and from any and all amounts paid by him or her, with the Board’s approval, in satisfaction of judgment in such action, suit, or proceeding against him or her; provided he or she gives the Company an opportunity, at its own expense, to
handle and defend the same before he or she undertakes to handle and defend it on his or her own behalf and, once the Company gives notice of its intent to assume such defense, the Company shall have sole control over such defense with counsel of
the Company’s choosing. The foregoing right of indemnification shall not be available to the extent that a court of competent jurisdiction in a final judgment or other final adjudication, in either case not subject to further appeal, determines
that the acts or omissions of the person seeking indemnity giving rise to the indemnification claim resulted from such person’s bad faith, fraud or willful criminal act or omission. The foregoing right of indemnification shall not be exclusive
of any other rights of indemnification to which such persons may be entitled as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 

32.    Relationship to Other Benefits. No payment pursuant to the Plan shall be taken into account in determining
any benefits under any pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of the Company or any Subsidiary, except to the extent otherwise expressly provided in writing in such other plan or an agreement
thereunder. 
 33.    Expenses. The expenses of administering the Plan shall be borne by the Company and its
Subsidiaries. 
 34.    Section 162(m) Reliance Period. To the maximum
extent permitted under Code Section 162(m) and Applicable Law, Awards under this Plan shall not be subject to the deduction limit set forth in U.S. Treasury Regulation 1.162-27(b) pursuant to
Code Section 162(m) and the rules and regulations promulgated thereunder, to the extent such Awards may qualify for any post-public offering reliance period deduction limit exception set forth in U.S. Treasury Regulation 1.162-27(f) (or any successor thereto), and the Plan and Award Agreements shall be interpreted accordingly. 

  
 23 

 AMERICAN WELL CORPORATION 

ISRAELI SUB PLAN 

(Applicable for Awards granted to Israeli Participants) 

 

	1.	 PURPOSE. 

 

	 	1.1.	 This Israeli Sub Plan (the “Sub Plan”) to the American Well Corporation 2020 Equity
Incentive Plan (the “Plan”) shall apply only to Israeli Participants. The provisions specified hereunder shall form an integral part of the Plan, which applies to the issuance of Awards to employees, non-employee directors and consultants of American Well Israel Ltd. and the Israeli branch of American Well Corporation (the “Israeli Affiliates”).

  

	 	1.2.	 This Sub Plan is effective with respect to Awards granted to Israeli Participants. Any grant of Approved 102
Award shall be made as of thirty (30) days from the date this Sub Plan was submitted with the ITA and shall comply with Section 102. 

  

	 	1.3.	 This Sub Plan is to be read as a continuation of the Plan and only modifies Awards granted to Israeli
Participants so that they comply with the requirements set by the Israeli law in general, and with respect to 102 Awards, the provisions of Section 102, as may be amended or replaced from time to time. For the avoidance of doubt, this Sub Plan
does not add to or modify the Plan in respect of any other category of Participants. 

  

	 	1.4.	 The Plan and this Sub Plan are complimentary to each other and shall be deemed as one. In any case of
contradiction, whether explicit or implied, between any definitions and/or provisions of this Sub Plan and the Plan, the provisions set out in this Sub Plan shall prevail. 

 

	 	1.5.	 Any capitalized terms not specifically defined in this Sub Plan shall be construed according to the
interpretation given to it in the Plan. 

  

	2.	 ISSUANCE OF AWARDS. 

 

	 	2.1.	 Any Israeli Participants eligible for participation in the Plan and this Sub Plan shall include any Employee
and/or Non-Employee of the Israeli Affiliates; provided, however, that (i) an Employee may only be granted 102 Awards; and (ii) Non-Employee may only be
granted 3(i) Option. 

  

	 	2.2.	 The Company may designate Awards granted to Employees pursuant to Section 102 as Unapproved 102 Awards or
Approved 102 Awards. 

  

	 	2.3.	 The grant of Approved 102 Awards shall be made under this Sub Plan. 

 

	 	2.4.	 Approved 102 Awards may either be classified as Capital Gain Awards (“CGAs”) or Ordinary
Income Awards (“OIAs”). 

  
 1 

	 	2.5.	 No Approved 102 Awards may be granted under this Sub Plan to any eligible Employee, unless and until, the
Company’s election of the type of Approved 102 Awards as CGA or OIA granted to Employees (the “Election”), is appropriately filed with the ITA and at least thirty (30) days prior to the date of first grant of Awards. Such
Election shall become effective beginning the first date of grant of an Approved 102 Award under this Sub Plan and shall remain in effect until the end of the year following the year during which the Company first granted Approved 102 Awards. The
Election shall obligate the Company to grant only the type of Approved 102 Award it has elected, and shall apply to all Israeli Participants who were granted Approved 102 Awards during the period indicated herein, all in accordance with the
provisions of Section 102(g) of the Ordinance. For the avoidance of doubt, such Election shall not prevent the Company from granting Unapproved 102 Awards simultaneously. 

 

	 	2.6.	 All Approved 102 Awards must be held in trust by a Trustee and registered on the name of the Trustee, as
described in Section 3 below. 

  

	 	2.7.	 For the avoidance of doubt, the designation of Unapproved 102 Awards and Approved 102 Awards shall be subject
to the terms and conditions set forth in Section 102. 

  

	3.	 TRUSTEE. 

 

	 	3.1.	 The terms and conditions applicable to the trust relating to Section 102 Awards shall be set forth in an
agreement signed by the Company and the Trustee (the “Trust Agreement”). 

  

	 	3.2.	 Notwithstanding the provisions of the Plan, Approved 102 Awards which shall be granted under this Sub Plan
and/or any Common Stock allocated or issued upon exercise or vesting of such Approved 102 Awards and/or other rights granted thereunder and/or Common Stock received subsequently following any realization of rights, including without limitation bonus
Stocks such as distributions of Common Stock, shall be registered on the name of the Trustee for the benefit of the Employee for no less than such period of time as required by Section 102
(the “Holding Period”). In case the requirements for Approved 102 Awards are not met, then the Approved 102 Awards shall be regarded as Unapproved 102 Awards, all in accordance with the provisions of Section 102.

  

	 	3.3.	 Any grant and any exercise of an Approved 102 Award shall be notified to and be deposited with the Trustee in
accordance with the ITA’s guidelines. 

  

	 	3.4.	 Notwithstanding anything to the contrary, the Trustee shall not release and shall not make any action, subject
to the provisions of Section 102, with respect to any Common Stock allocated or issued upon exercise or vesting of Approved 102 Awards prior to the full payment of the Employee’s tax liabilities, if any, arising from Approved 102 Awards
which were granted to him/her and/or any Common Stock allocated or issued upon exercise or vesting of such Awards. 

  
 2 

	 	3.5.	 With respect to any Approved 102 Award, subject to the provisions of Section 102, an Israeli Participant
shall not sell or release from trust any Stock received upon the exercise or vesting of an Approved 102 Award and/or any rights granted thereunder and/or Common Stock received subsequently following any realization of rights, including without
limitation bonus Stocks, until the lapse of the Holding Period required under Section 102. Notwithstanding the above, if any such sale or release occurs during the Holding Period, the sanctions under Section 102 shall apply to and shall be
borne solely by such Israeli Participant. Subject to the foregoing, the Trustee may, pursuant to a written or electronic request from the Participant, release and transfer such Common Stock from trust to the Participant, provided that both of the
following conditions have been fulfilled prior to such release or transfer: (i) payment has been made to the ITA of all taxes required to be paid upon the release and transfer of the Common Stock, and confirmation of such payment has been
received by the Trustee and (ii) the Trustee has confirmed with the Company that all requirements for such release and transfer have been fulfilled according to the terms of the Company’s corporate documents, the Plan, the Sub Plan, the
Israeli Award Agreement and any Applicable Law. 

  

	 	3.6.	 The Trustee shall be exempt from any liability in respect of any action or decision duly taken in its capacity
as a Trustee, provided, however, that the Trustee acted at all times in good faith. Upon receipt of any Approved 102 Award, if requested to do so by The Company, Affiliate or the Trustee, the Employee will sign an undertaking to release the Trustee
from any liability in respect of any action or decision duly taken and bona fide executed in relation with this Sub Plan, or any Approved 102 Award or Common Stock granted to him thereunder. 

 

	 	3.7.	 The Trustee shall have the right to withhold taxes as further described in this Sub Plan.

  

	 	3.8.	 In the case of 102 Awards, the Trustee shall have no rights as a Stockholder of The Company with respect to the
Common Stock covered by such Award until the Trustee becomes the record holder for such Common Stock for the Participant’s benefit, and subject to Section 8 hereinunder the Israeli Participant shall have no rights as a Stockholder of the
Company with respect to the Common Stock covered by the Award until the date of the release of such Common Stock from the Trustee to the Israeli Participant and the transfer of record ownership of such Common Stock to the Israeli Participant.

  

	4.	 THE AWARDS. 

Each Israeli Award Agreement shall be subject to Section 102 or Section 3(i) of the Ordinance, as applicable, and shall state, inter
alia, the type of Award granted thereunder (whether a CGA, OIA, Unapproved 102 Award or a 3(i) Option), and any applicable vesting provisions and exercise price that may be payable. Options, Restricted Stock, Restricted Stock Units and Stock
Appreciation Rights granted under the Plan and this Sub Plan to Israeli Participants, intended to qualify as Approved 102 Awards shall be granted provided that an advance tax ruling (if required) was obtained from the ITA, and in accordance with the
provisions of such tax ruling. 

  
 3 

	5.	 FAIR MARKET VALUE. 

Solely for the purpose of determining the tax liability pursuant to Section 102(b)(3) of the Ordinance, if at the date of grant of any
CGA, The Company’ Common Stock are listed on any established stock exchange or a national market system or if the Company’ Common Stock will be registered for trading within ninety (90) days following the date of grant of the CGAs,
the fair market value of the Common Stock at the date of grant shall be determined in accordance with the average value of the Company’ Common Stock on the thirty (30) trading days preceding the date of grant or on the thirty
(30) trading days following the date of registration for trading, as the case may be. 
  

	6.	 EXERCISE OF AWARDS THAT ARE OPTIONS TO PURCHASE COMMON STOCK. 

 

	 	6.1.	 Without derogating the provision of the Plan, Awards that represent options to purchase Common Stock shall be
exercised by the Israeli Participant by giving a written or electronic notice to the Company and/or to any third party designated by the Company (the “Representative”), in such form and method as may be determined by the
Company and, when applicable, by the Trustee in accordance with the requirements of Section 102, which exercise shall be effective upon receipt of such notice by the Company and/or the Representative and the cash payment of the exercise price
for the number of Common Stock with respect to which the Award is being exercised, at the Company’s or the Representative’s principal office. 

  

	 	6.2.	 With respect to Approved 102 Award any other method of payment other than cash (including by check or wire
transfer) shall not apply unless an advance approval granted from the ITA (if required), and shall only apply in accordance with and subject to such ITA’s advance approval (if required) or the ITA’s guidelines. 

 

	 	6.3.	 For avoidance of doubt, the Company may determine that instead of issuing Common Stock as a result of the
exercise of Options, such Options shall be exercised using a method published by the ITA such as “net exercise”. 

  

	 	6.3.1.	 In any event, no fractional Stocks will be issued to the Participant under the Sub Plan. On the vesting of a
fraction of an Award, the number of Stocks granted to the Participant shall be rounded up to the nearest whole Stock in case such fraction represents a right to receive 50% or more of a Stock and shall be rounded down to the nearest whole Stock in
case such fraction represents a right to receive less than 50% of a Stock. 

  

	7.	 ASSIGNABILITY AND SALE OF AWARDS. 

 

	 	7.1.	 Notwithstanding any other provision of the Plan, as long as Approved 102 Awards or Common Stock purchased or
issued hereunder are registered on the name of Trustee and held by it for the behalf of the Israeli Participant, all rights of the Israeli Participant over the Awards and/or Common Stock are personal, cannot be transferred, assigned, pledged or
mortgaged, other than by will or laws of descent and distribution, provided that such transfer is in accordance with Section 102 and the transferee thereof shall be 

  
 4 

	 	
subject to the provisions of Section 102 as would have been applicable to the deceased Participant were he or she to have survived and after the required taxes and payments have been fully
made or secured. 

  

	8.	 PRIVILEGES OF STOCK OWNERSHIP; RESTRICTIONS ON COMMON STOCK. 

 

	 	8.1.	 Voting and Dividends. Notwithstanding any other provision of the Plan, no Participant will have any of
the rights of a Stockholder with respect to any Common Stock until the Common Stock are issued to the Participant and in the case of Approved 102 Award, issued and registered on the name of the Trustee for the benefit of the Participant. After
Common Stock are issued to the Participant or the Trustee (as applicable), the Participant or the Trustee, as applicable, will be a Stockholder and have all the rights of a Stockholder with respect to such Common Stock, including the right to vote
and receive all dividends or other distributions made or paid with respect to such Common Stock; Any distribution of a dividend shall be subject to Israeli withholding tax by the Company and/or the Trustee, as applicable and in the case of Approved
102 Awards shall be paid to the Trustee for the benefit of the Israeli Participant. 

  

	9.	 INTEGRATION OF SECTION 102 AND TAX ASSESSING OFFICER’S PERMIT. 

 

	 	9.1.	 With regards to Approved 102 Awards, the provisions of the Plan and/or the Sub Plan and/or the Israeli Award
Agreement shall be subject to the provisions of Section 102 and the Tax Assessing Officer’s permit and/or any pre-rulings obtained by the ITA and/or guidelines, and the said provisions, permit and/or
pre-rulings and/or guidelines shall be deemed an integral part of the Plan and of the Sub Plan and of the Israeli Award Agreement. 

 

	 	9.2.	 Any provision of Section 102 and/or the said permit and/or
pre-rulings and/or guidelines which is necessary in order to receive and/or to keep any tax benefit pursuant to Section 102, which is not expressly specified in the Plan or the Sub Plan or the Israeli
Award Agreement, shall be considered binding upon the Company and the Israeli Participant. 

  

	10.	 TAX CONSEQUENCES. 

 

	 	10.1.	 Notwithstanding anything to the contrary in the Plan and solely for the purpose of Awards granted under this
Sub Plan, any tax consequences arising from the grant, exercise or vesting of any Award, from the payment for Common Stock covered thereby or from any other event or act (of the Company, and/or its Affiliates, and the Trustee or the Israeli
Participant), hereunder, shall be borne solely by the Israeli Participant. The Company and/or its Affiliates, and/or the Trustee shall withhold Israeli taxes according to the requirements under Applicable Law, including withholding taxes at source
including withholding through payment in Common Stock (to the extent permitted by Applicable Law) subject to the obtaining of an advance approval by ITA (if required). Furthermore, the Israeli Participant hereby agrees to

  
 5 

	 	
indemnify The Company and/or its Affiliates and/or the Trustee and hold them harmless against and from any and all liability for any such tax or interest or penalty or indexation thereon,
including without limitation, liabilities relating to the necessity to withhold, or to have withheld, any such tax from any payment made to the Israeli Participant. 

 

	 	10.2.	 The Company and/or, when applicable, the Trustee shall not be required to release any Common Stock certificate
to an Israeli Participant until all required payments have been fully made. In the event that the Company, or its Affiliates, or the Trustee, as applicable, is uncertain as to the sum of the full tax payment due or which is subject to withholding,
the Company or the Trustee, as applicable, may refuse to release the Common Stock until such time as the ITA verifies the sum of the full tax payment which is due, and the Participant shall not have any claims in connection with such refusal. In
addition, the Company shall not be obligated to honor the exercise of any Option by or on behalf of a Participant until all tax consequences (if any) arising from the exercise of such Options and/or sale of Common Stock and/or Award are resolved in
a manner reasonably acceptable to the Company. 

  

	 	10.3.	 With respect to Unapproved 102 Award, if the Israeli Participant ceases to be employed by The Company or any
Affiliate, the Israeli Participant shall extend to the Company and/or its Affiliate a security or guarantee for the payment of tax due at the time of sale of Common Stock, all in accordance with the provisions of Section 102 and the rules,
regulation or orders promulgated thereunder. 

  

	 	10.4.	 Each Participant agrees to, and undertakes to comply with, any ruling, settlement, closing agreement or other
similar agreement or arrangement with any tax authority which is approved by the Company. 

  

	 	10.5.	 It is clarified that the tax treatment of any Award granted under this Sub Plan is not guaranteed and although
Awards may be granted under a certain Tax Track, they may become subject to a different Tax Track in the future. 

  

	 	10.6.	 Any Approved 102 Award is meant to comply in full with the terms and conditions of Section 102 and the
requirements of the ITA, therefore it is clarified that at all times the Plan and the Sub Plan are to be read such that they comply with the requirements of Section 102 and as a consequence, should any provision in the Plan and/or in the Sub
Plan disqualify the Plan and/or the Sub Plan and/or the Approved 102 Award granted thereunder from beneficial tax treatment pursuant to the provisions of Section 102, such provision shall not apply to the Approved 102 Award and underlying
Common Stock unless the ITA provides approval of compliance with Section 102. 

  

	 	10.7.	 For the avoidance of doubt, notwithstanding anything to the contrary in the Plan: (i) certain adjustments
and amendments to the terms of Approved 102 Awards - CGA, including, without limitation, pursuant to exchange programs, recapitalization events and so forth, may disqualify the Awards from benefitting from the tax benefits as Approved 102 Awards -
CGA, unless the prior approval of the ITA is obtained; and (ii) the Section 102 Trustee may require actual written signatures on certain documents for compliance with Section 102 requirements. 

  
 6 

	11.	 ISRAELI PARTICIPANT’S UNDERTAKINGS. 

 

	 	11.1.	 With respect to Awards granted under this Sub Plan and the Plan an Israeli Participant (a) agrees and
acknowledges that he or she have received and read the Plan, the Sub Plan and the Israeli Award Agreement; (b) undertakes to comply with all the provisions set forth in Section 102 (including provisions regarding the applicable Tax Track
that the Company has selected) or Section 3(i) of the Ordinance, as applicable, the Plan this Sub Plan the Israeli Award Agreement and the Trust Agreement; and (c) with respect to Awards that are granted under Section 102, the Israeli
Participant undertakes to comply with and be subject to the provisions of Section 102, not to sell or release the Common Stock from trust before the end of the Holding Period. 

 

	 	11.2.	 Israeli Participant agrees to execute any and all documents that The Company and/or its Affiliates and/or the
Trustee may reasonably determine to be necessary in order to comply with the Ordinance, ruling or guidelines and rules issued by the ITA. 

  

	12.	 TERM OF PLAN AND SUB PLAN. 

Notwithstanding anything to the contrary in the Plan and in addition thereto, the Company shall obtain all approvals for the adoption of
this Sub Plan or for any amendment to this Sub Plan as are necessary to comply with any Applicable Law. 
  

	13.	 DEFINITIONS. As used in this Sub Plan, the following terms will have the following meanings:

  

	 	13.1.	 “Affiliate” means any entity controlling, controlled by or under common control
with the Company. For the purpose of this definition of Affiliate, control shall mean the ability to direct the activities of the relevant entity and/or shall include the holding of more than 50% of the capital or the voting of such entity and shall
also include any “employing company” within the meaning of Section 102(a) of the Ordinance. 

  

	 	13.2.	 “Applicable Law” means including but not limited to the requirements
under Israeli tax laws, Israeli social security laws, Israeli securities laws, Israeli companies laws, any stock exchange or quotation system on which the Stocks are listed or quoted and the applicable law of any country or jurisdiction where Awards
are granted under the Plan. 

  

	 	13.3.	 “Award” means any award under the Plan or the Sub Plan, including any Option,
Restricted Stock Units, Stock Appreciation Rights, Restricted Stocks or other equity-related awards as the Committee may determine and excluding cash-based awards (such as Stock Appreciation Rights settled in cash). 

  
 7 

	 	13.4.	 “Approved 102 Award” means an Award granted pursuant to Section 102(b) of the
Ordinance and held in trust by a Trustee for the benefit of the Employee. 

  

	 	13.5.	 “Capital Gain Award (CGA)” means an Approved 102 Award elected and designated by the
Company to qualify under the capital gain tax treatment in accordance with the provisions of Section 102(b)(2) and/or Section 102(b)(3) of the Ordinance. 

 

	 	13.6.	 “Controlling Stockholder” shall have the meaning ascribed to it in
Section 102 of the Ordinance. 

  

	 	13.7.	 “Employee” means an Israeli Participant who is employed by the Israeli Affiliates or
their Affiliates, including an individual who is providing services and serving as an “office holder” as defined in the Israeli Companies Law, 1999 (the “Companies Law”), as amended from time to time (including a director
who render services), but excluding any Controlling Stockholder. 

  

	 	13.8.	 “Exercise Price” means the consideration a Participant is required to pay in order to
exercise a Option. 

  

	 	13.9.	 “Israeli Award Agreement” means a written agreement entered into and
signed by the Company and an Israeli Participant that sets out the terms and conditions of an Award in accordance to Section 102 or in accordance to Section 3(i) of the Ordinance. 

 

	 	13.10.	 “Israeli Participant” means a Participant who receives or holds an Award under the Plan
and this Sub Plan and is either: (i) employed by any of the Israeli Affiliates, including an individual who serves as a director or “Nosei Misra”, as such term is defined in the Companies Law, but excluding Controlling
Stockholder as defined in Section 32(9) of the Ordinance, or (ii) a consultant, an advisor or a service provider, who is a resident of the State of Israel or who is deemed to be a resident of the State of Israel for Israeli tax purposes
and provides services to the Company or any of the Israeli Affiliates. 

  

	 	13.11.	 “ITA” means the Israeli Tax Authority. 

 

	 	13.12.	 “Non-Employee” means an Israeli Participant who
is a consultant, adviser, service provider, Controlling Stockholder and/or any other person who is not an Employee. 

  

	 	13.13.	 “Ordinary Income Award (OIA)” means an Approved 102 Award elected and designated by the
Company to qualify under the ordinary income tax treatment in accordance with the provisions of Section 102(b)(1) of the Ordinance. 

  

	 	13.14.	 “Ordinance” means the Israeli Income Tax Ordinance [New Version] 1961 as now in
effect or as hereafter amended and any regulations promulgated hereunder. 

  

	 	13.15.	 “Section 102” means Section 102 of the Ordinance,
the Income Tax Rules (Tax Relief for Issuance of Stocks to Employees), 2003, and any other rules, regulations, orders or procedures promulgated thereunder as now in effect or as hereafter amended. 

  
 8 

	 	13.16.	 “Tax Track” means either Capital Gain Award (CGA), or Ordinary Income Award
(OIA), or Unapproved 102 Award, or 3(i) Option. 

  

	 	13.17.	 “Trustee” means any person appointed by the Company to serve as a trustee and approved
by the ITA, all in accordance with the provisions of Section 102(a) of the Ordinance. 

  

	 	13.18.	 “Unapproved 102 Award” means an Award granted pursuant to Section 102(c) of the
Ordinance and not held in trust by a Trustee. 

  

	 	13.19.	 “3(i) Option” means an Option or Restricted Stock Unit intended to be granted under
Section 3(i) of the Ordinance to any person who is a Non-Employee. 

  

	 	13.20.	 “102 Award” means any Award granted to Employees pursuant to Section 102 of the
Ordinance and any other rulings, procedures and clarifications promulgated thereunder or issued by the ITA. 

*    *    * 

  
 9

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