Document:

Amended and Restated Investors' Rights Agreement

 Exhibit 4.1 
 CYAN, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT

 December 9, 2011 
  

 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	 1.        Registration Rights
	  	 	2	  
		
	 1.1      Definitions
	  	 	2	  
	 1.2      Request for Registration
	  	 	4	  
	 1.3      Company Registration
	  	 	5	  
	 1.4      Form S-3 Registration
	  	 	6	  
	 1.5      Obligations of the Company
	  	 	6	  
	 1.6      Information From Holders
	  	 	8	  
	 1.7      Expenses of Registration
	  	 	8	  
	 1.8      Underwriting Requirements
	  	 	8	  
	 1.9      Delay of Registration
	  	 	9	  
	 1.10    Indemnification
	  	 	9	  
	 1.11    Reports Under the Exchange Act
	  	 	11	  
	 1.12    Assignment of Registration Rights
	  	 	12	  
	 1.13    Limitations on Subsequent Registration Rights
	  	 	12	  
	 1.14    Lock-Up Agreement
	  	 	13	  
	 1.15    Termination of Registration Rights
	  	 	14	  
		
	 2.        Covenants of the Company
	  	 	14	  
		
	 2.1      Delivery of Financial Statements
	  	 	14	  
	 2.2      Inspection
	  	 	15	  
	 2.3      Right of First Offer
	  	 	15	  
	 2.4      Director and Officer Insurance
	  	 	17	  
	 2.5      Indemnification Agreements
	  	 	18	  
	 2.6      Monthly Budgets
	  	 	18	  
	 2.7      Termination of Covenants
	  	 	18	  
		
	 3.        Miscellaneous
	  	 	18	  
		
	 3.1      Termination
	  	 	18	  
	 3.2      Entire Agreement
	  	 	18	  
	 3.3      Successors and Assigns
	  	 	18	  
	 3.4      Amendments and Waivers
	  	 	18	  
	 3.5      Notices
	  	 	19	  
	 3.6      Severability
	  	 	19	  
	 3.7      Governing Law
	  	 	19	  
	 3.8      Counterparts
	  	 	19	  
	 3.9      Titles and Subtitles
	  	 	19	  
	 3.10    Aggregation of Stock
	  	 	20	  

  
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 CYAN, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 
 This Amended and Restated Investors’ Rights Agreement (the “Agreement”) is made effective as of the 9th day of December, 2011, by and among Cyan, Inc. (formerly Cyan Optics, Inc.), a Delaware corporation (the
“Company”), the holders of the Company’s Preferred Stock listed on Exhibit A hereto, each of which are herein referred to individually as an “Investor” and collectively as the
“Investors,” and Eric Clelland, Michael Hatfield, Rick Johnston, and Steve West, each of whom is herein referred to as a “Founder.” 
 RECITALS 
 A. The Company, the Founders and the holders of the
Company’s Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock (the “Series A, B, C, D and E Holders”), have previously entered into an Amended and
Restated Investors’ Rights Agreement dated as of November 19, 2010 (as amended to date, the “Prior Rights Agreement”), pursuant to which the Company granted the Founders and the Series A, B, C, D and E Holders certain
rights. 
 B. The Company and the purchasers of the Company’s Series F Preferred Stock (the “Series F
Investors”) have entered into a Series F Preferred Stock Purchase Agreement (the “Purchase Agreement”) of even date herewith pursuant to which the Company desires to sell to the Series F Investors and the Series F Investors
desire to purchase from the Company shares of the Company’s Series F Preferred Stock. A condition to the Series F Investors’ obligations under the Purchase Agreement is that the Prior Rights Agreement be amended and restated in order to
provide the Series F Investors with certain rights to register shares of the Company’s Common Stock issuable upon conversion of the Series F Preferred Stock held by the Series F Investors, subject to the limitations and exclusions contained
herein. The Company desires to induce the Series F Investors to purchase shares of Series F Preferred Stock pursuant to the Purchase Agreement by agreeing to the terms and conditions set forth herein. 

C. The Prior Rights Agreement may be amended by the written consent of the Company and the holders of a majority of the Registrable
Securities (as defined in the Prior Rights Agreement) then outstanding, not including the Founders’ Stock (as defined in the Prior Rights Agreement) and the undersigned represent the holders of such majority. 

D. The Company, the Founders and the Series A, B, C, D and E Holders each desire to amend and restate the Prior Rights Agreement to make
certain changes as set forth herein. 
 AGREEMENT 

The parties hereby agree as follows: 
 A. Amendment of Prior Rights Agreement; Waiver. Effective and contingent upon execution of this Agreement by the Company and the holders of a majority of the

  
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Registrable Securities, as that term is defined in the Prior Rights Agreement, not including the Founders’ Stock, as that term is defined in the Prior Rights Agreement, and upon Initial
Closing (as defined in the Purchase Agreement), the Prior Rights Agreement is hereby amended and restated in its entirety to read as set forth in this Agreement, and the Company, the Founders and the Investors hereby agree to be bound by the
provisions hereof as the sole agreement of the Company, the Founders and the Investors with respect to registration rights of the Company’s securities and certain other rights, as set forth herein. The Series A, B, C, D and E Holders hereby
waive any and all rights of first offer or participation to which they may be entitled (including any notice requirements relating thereto), including without limitation the right of first offer set forth in Section 2.3 of the Prior Rights
Agreement, with respect to the issuance of Series F Preferred Stock (and the Common Stock issuable upon conversion thereof) pursuant to the Purchase Agreement on behalf of themselves and all other Series A, B, C, D and E Holders. 

1. Registration Rights. The Company and the Investors covenant and agree as follows: 

1.1 Definitions. For purposes of this Section 1: 

(a) “Affiliated Fund” means, with respect to a Holder that is a limited liability company or a limited liability
partnership, a fund or entity managed by the same manager or managing member or general partner or management company or by an entity controlling, controlled by, or under common control with such manager or managing member or general partner or
management company; 
 (b) “Exchange Act” means the Securities Exchange Act of 1934, as amended (and any
successor thereto) and the rules and regulations promulgated thereunder; 
 (c) “Excluded Registration” means
a registration statement relating solely to the sale of securities of participants in a Company stock plan, a registration relating to a corporate reorganization or transaction under Rule 145 of the Securities Act, or a registration in which the
only common stock being registered is common stock issuable upon conversion of debt securities which are also being registered; 
 (d) “Form S-3” means such form under the Securities Act as in effect on the date hereof or any successor form under the Securities Act that permits significant incorporation by
reference of the Company’s subsequent public filings under the Exchange Act; 
 (e) “Founders’
Stock” means the shares of Common Stock issued to the Founders (other than Common Stock issued upon the conversion of Preferred Stock); 
 (f) “Holder” means any Investor or Founder owning or having the right to acquire Registrable Securities or any assignee thereof in accordance with Section 1.12 of this Agreement;

 (g) “Major Investor” means (i) any Investor that holds at least 1,389,315 shares of the Company’s
Preferred Stock or the Common Stock issued upon 

  
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conversion thereof (subject to adjustment for stock splits, stock dividends, combinations, reclassifications or the like) and (ii) each of Meritech Capital Partners III L.P., Kinetic
Ventures VIII, L.P., Grande Ventures, LLC, Telecommunications Development Fund and Juniper Networks, Inc. for so long as such party holds at least a majority of the shares of the Company’s Preferred Stock held by it as of the date of this
Agreement, assuming the closing of the transactions contemplated by the Purchase Agreement (subject to adjustment for stock splits, stock dividends, combinations, reclassifications or the like). A Major Investor includes any general partners,
managing members and affiliates of a Major Investor, including Affiliated Funds, provided, however, that any obligation of the Company to provide information to a Major Investor under this Agreement shall be satisfied by the provision of such
information to one representative of any group of affiliated Major Investors (as they shall designate); 
 (h)
“Qualified IPO” means a firm commitment underwritten public offering by the Company of shares of its Common Stock prior to or in connection with which all the then-outstanding shares of Preferred Stock are converted into shares of
Common Stock pursuant to the Company’s Amended and Restated Certificate of Incorporation as such Amended and Restated Certificate of Incorporation may be amended from time to time; 

(i) “Register,” “registered,” and “registration” refer to a registration effected by
preparing and filing a registration statement or similar document in compliance with the Securities Act, and the declaration or ordering of effectiveness of such registration statement or document; 

(j) “Registrable Securities” means (i) the shares of Common Stock issuable or issued upon conversion of the
Company’s Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock and Series F Preferred Stock held by the Holders (other than shares described in Section (iv) of
this paragraph), (ii) the shares of Common Stock issuable or issued upon conversion of the preferred stock issued upon exercise of (X) the warrants issued pursuant to the Series C Preferred Stock and Warrant Purchase Agreement dated
June 8, 2009 and (Y) those certain warrants to purchase shares of the Company’s Series A Preferred Stock outstanding as of the date hereof (other than shares described in Section (iv) of this paragraph), (iii) the
Founders’ Stock, provided, however, that for the purposes of Section 1.2, 1.4 or 1.13 the Founders’ Stock shall not be deemed Registrable Securities and the Founders shall not be deemed Holders with respect thereto,
(iv) the shares of Common Stock issuable or issued upon conversion of the preferred stock issued upon exercise of warrants issued to TriplePoint Capital LLC (“TriplePoint”); provided, however, that for the
purposes of Section 1.2 or 1.13 such shares shall not be deemed Registrable Securities and TriplePoint shall not be deemed a Holder with respect thereto, and (v) any other shares of Common Stock of the Company issued as (or issuable upon
the conversion or exercise of any warrant, right or other security which is issued as) a dividend or other distribution with respect to, or in exchange for or in replacement of, the shares listed in (i), (ii), (iii) and (iv); excluding,
however, in all cases any Registrable Securities sold or otherwise transferred in a transaction in which the rights under this Agreement are not assigned, or any shares for which registration rights have terminated pursuant to
Section 1.15 of this Agreement; 

  
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 (k) The number of shares of “Registrable Securities then outstanding”
shall be determined by the number of shares of Common Stock outstanding which are, and the number of shares of Common Stock issuable pursuant to then exercisable or convertible securities which are, Registrable Securities; 

(l) “SEC” means the Securities and Exchange Commission; and 

(m) “Securities Act” means the Securities Act of 1933, as amended (and any successor thereto) and the rules and
regulations promulgated thereunder. 
 1.2 Request for Registration. 

(a) If the Company shall receive at any time after the earlier of (i) December 9, 2014, or (ii) six months after the effective
date of the Qualified IPO, a written request from the Holders of at least 30% of the Registrable Securities then outstanding (the “Initiating Holders”) that the Company file a registration statement under the Securities Act covering
the registration of Registrable Securities with an anticipated aggregate offering price of at least $5,000,000, then the Company shall, within 20 days after receiving such request, give written notice of such request to all Holders and shall,
subject to the limitations of subsection 1.2(b), use all commercially reasonable efforts to cause to be registered under the Securities Act all of the Registrable Securities that each such Holder, along with the Initiating Holders, have
requested to be registered within 20 days after the mailing of such notice by the Company. 
 (b) If the Initiating Holders
intend to distribute the Registrable Securities covered by their request by means of an underwriting, they shall so advise the Company as a part of their request and the Company shall include such information in the written notice referred to in
subsection 1.2(a). The underwriter will be selected by the Company, which underwriter shall be reasonably acceptable to a majority in interest of the Holders whose Registrable Securities are to be included in the underwriting. In such event,
the right of any Holder to include his Registrable Securities in such registration shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting
(unless otherwise mutually agreed by a majority in interest of the Initiating Holders and such Holder) to the extent provided herein. The Company and all Holders proposing to distribute their securities through such underwriting shall enter into an
underwriting agreement in customary form with the underwriter or underwriters selected for such underwriting. Notwithstanding any other provision of this Section 1.2, if the underwriter advises the Company in good faith that marketing factors
require a limitation of the number of shares to be underwritten, then the Company shall so advise all Holders of Registrable Securities which would otherwise be underwritten pursuant hereto, and the number of shares of Registrable Securities that
may be included in the underwriting shall be allocated among all participating Holders thereof, including the Initiating Holders, in proportion (as nearly as practicable) to the amount of Registrable Securities of the Company owned by each
participating Holder. In no event shall any Registrable Securities be excluded from such underwriting unless all other securities are first excluded from such offering. Any Registrable Securities excluded from or withdrawn from such underwriting
shall be withdrawn from registration. 

  
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 (c) Notwithstanding the foregoing, if the Company shall furnish to the Initiating Holders a
certificate signed by the President of the Company stating that in the good faith judgment of the Board of Directors of the Company it would be materially detrimental to the Company and its stockholders for such registration statement to be filed,
the Company shall have the right to defer such filing for a period of not more than 120 days after receipt of the request of the Initiating Holders; provided, however, that the Company may not utilize this right or the similar right
set forth in Section 1.4(b)(iii) more than once in any 12-month period, and provided, further, that the Company shall not register any securities for the account of itself or any other stockholder during such 120-day period (other than
in a Qualified IPO or an Excluded Registration). 
 (d) In addition, the Company shall not be obligated to effect, or to take
any action to effect, any registration pursuant to this Section 1.2: 
 (i) After the Company has effected two
registrations pursuant to this Section 1.2 provided, however, that such registrations have been declared or ordered effective and that either (A) the conditions of Section 1.5(a) have been satisfied or (B) the registration
statements remain effective and there are no stop orders in effect to such registration statements; 
 (ii) During the period
starting with the date 90 days prior to the Company’s good faith estimate of the date of filing of, and ending on a date 180 days after the effective date of, a registration subject to Section 1.3 hereof unless such offering is not the
initial public offering of the Company’s securities, in which case, ending on a date 90 days after the effective date of such registration subject to Section 1.3 hereof; provided that the Company is actively employing in good faith all
commercially reasonable efforts to cause such registration statement to become effective; or 
 (iii) If the Initiating Holders
propose to dispose of shares of Registrable Securities that may be immediately registered on Form S-3 pursuant to a request made pursuant to Section 1.4 below. 
 1.3 Company Registration. 
 (a) If (but without any obligation to
do so) the Company proposes to register (including for this purpose a registration effected by the Company for stockholders other than the Holders) any of its stock under the Securities Act in connection with the public offering of such securities
solely for cash (other than an Excluded Registration), the Company shall, at such time, promptly give each Holder written notice of such registration. Upon the written request of each Holder given within 20 days after mailing of such notice by the
Company in accordance with Section 3.5, the Company shall, subject to the provisions of Section 1.8, use all commercially reasonable efforts to cause to be registered under the Securities Act all of the Registrable Securities that each
such Holder has requested to be registered if any stock of the Company is registered. 
 (b) The Company shall have the right
to terminate or withdraw any registration initiated by it under this Section 1.3 prior to the effectiveness of such registration 

  
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whether or not any Holder has elected to include securities in such registration. The expenses of such registration shall be borne by the Company, in accordance with Section 1.7 hereof.

 1.4 Form S-3 Registration. In case the Company shall receive from any Holder or Holders of the Registrable
Securities then outstanding a written request or requests that the Company effect a registration on Form S-3 and any related qualification or compliance with respect to all or a part of the Registrable Securities owned by such Holder or
Holders, the Company will: 
 (a) promptly give written notice of the proposed registration, and any related qualification or
compliance, to all other Holders; and 
 (b) use all commercially reasonable efforts to effect, as soon as practicable, such
registration and all such qualifications and compliances as may be so requested and as would permit or facilitate the sale and distribution of all or such portion of such Holder’s or Holders’ Registrable Securities as are specified in such
request, together with all or such portion of the Registrable Securities of any other Holder or Holders joining in such request as are specified in a written request given within 15 days after receipt of such written notice from the Company;
provided, however, that the Company shall not be obligated to effect any such registration, qualification or compliance, pursuant to this Section 1.4: (i) if Form S-3 is not available for such offering by the Holders;
(ii) if the Holders, together with the holders of any other securities of the Company entitled to inclusion in such registration, propose to sell Registrable Securities and such other securities (if any) at an aggregate price to the public of
less than $1,000,000; (iii) if the Company shall furnish to the Holders a certificate signed by the President of the Company stating that in the good faith judgment of the Board of Directors of the Company, it would be materially detrimental to
the Company and its stockholders for such registration statement to be filed, the Company shall have the right to defer such filing for a period of not more than 120 days after receipt of the request of the Holder or Holders under this
Section 1.4; provided, however, that the Company shall not utilize this right or the similar right set forth in Section 1.2(c) more than once in any 12-month period; (iv) if the Company has, within the 12-month period
preceding the date of such request, already effected two registrations on Form S-3 for the Holders pursuant to this Section 1.4; (v) in any jurisdiction in which the Company would be required to qualify to do business or to execute a
general consent to service of process in effecting such registration, qualification or compliance unless the Company is already qualified to do business or subject to service of process in that jurisdiction; or (vi) during the period ending 180
days after the effective date of a registration statement subject to Section 1.3. 
 (c) Subject to the foregoing, the
Company shall file a registration statement covering the Registrable Securities and other securities so requested to be registered as soon as practicable after receipt of the request or requests of the Holders. Registrations effected pursuant to
this Section 1.4 shall not be counted as demands for registration or registrations effected pursuant to Sections 1.2 or 1.3, respectively. 
 1.5 Obligations of the Company. Whenever required under this Section 1 to effect the registration of any Registrable Securities, the Company shall, as expeditiously as reasonably
possible: 

  
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 (a) Prepare and file with the SEC a registration statement with respect to such Registrable
Securities and use all commercially reasonable efforts to cause such registration statement to become effective, and, upon the request of the Holders of a majority of the Registrable Securities registered thereunder, keep such registration statement
effective for up to 120 days, or until the distribution described in such registration statement is completed, if earlier. 

(b) Prepare and file with the SEC such amendments and supplements to such registration statement and the prospectus used in connection
with such registration statement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement for up to 120 days, or until the distribution described
in such registration statement is completed, if earlier. 
 (c) Promptly notify the Holders of the effectiveness of such
registration statement, and furnish to the Holders such numbers of copies of a prospectus, including any supplement to the prospectus, in conformity with the requirements of the Securities Act, and such other documents as they may reasonably request
in order to facilitate the disposition of Registrable Securities owned by them. 
 (d) Following the effective date of such
registration statement, notify the Holders of any request by the SEC that the Company amend or supplement such registration statement, or the associated prospectus. 
 (e) Use all commercially reasonable efforts to register and qualify the securities covered by such registration statement under such other securities or Blue Sky laws of such jurisdictions as shall be
reasonably requested by the Holders, provided that the Company shall not be required in connection therewith or as a condition thereto to qualify to do business or to file a general consent to service of process in any such states or
jurisdictions unless the Company is already qualified to do business or subject to service of process in that jurisdiction. 

(f) In the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual
and customary form, with the managing underwriter of such offering. Each Holder and other security holder participating in such underwriting shall also enter into and perform its obligations under such an agreement. 

(g) Notify each Holder of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto
is required to be delivered under the Securities Act of the happening of any event as a result of which the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a
material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing, such obligation to continue for 120 days or until the distribution described in such registration
statement is completed, if earlier. 
 (h) Cause all such Registrable Securities registered pursuant to this Section 1 to
be listed on each national securities exchange or trading system on which similar securities issued by the Company are then listed. 

  
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 (i) Provide a transfer agent and registrar for all Registrable Securities registered
pursuant hereunder and a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration. 
 (j) Make generally available to its security holders, and to deliver to each Holder participating in the registration statement, an earnings statement of the Company that will satisfy the provisions of
Section 11(a) of the Securities Act covering a period of 12 months beginning after the effective date of such registration statement as soon as reasonably practicable after the termination of such 12-month period. 

1.6 Information From Holders. It shall be a condition precedent to the obligations of the Company to take any action
pursuant to this Section 1 with respect to the Registrable Securities of any selling Holder that such Holder shall furnish to the Company such information regarding such Holder, the Registrable Securities held by it, and the intended method of
disposition of such securities as shall be required to effect the registration of such Holder’s Registrable Securities. The Company shall have no obligation with respect to any registration requested pursuant to Section 1.2 or
Section 1.4 of this Agreement if, as a result of the application of the preceding sentence, the anticipated aggregate offering price of the Registrable Securities to be included in the registration does not equal or exceed the anticipated
aggregate offering price required to originally trigger the Company’s obligation to initiate such registration as specified in subsection 1.2(a) or subsection 1.4(b)(2), whichever is applicable. 

1.7 Expenses of Registration. All expenses other than underwriting discounts and commissions incurred in connection with
registrations, filings or qualifications pursuant to Sections 1.2, 1.3 and 1.4 including (without limitation) all registration, filing and qualification fees, printers’ and accounting fees, fees and disbursements of counsel for the
Company, and the reasonable fees and disbursements of up to $25,000 of one counsel for the selling Holders selected by them with the approval of the Company, which approval shall not be unreasonably withheld, shall be borne by the Company;
provided, however, that the Company shall not be required to pay for any expenses of any registration proceeding begun pursuant to Section 1.2 or 1.4 if the registration request is subsequently withdrawn at the request of the
Holders of a majority of the Registrable Securities to be registered (in which case all participating Holders shall bear such expenses), unless the Holders of a majority of the Registrable Securities agree to forfeit their right to one demand
registration pursuant to Section 1.2 or their right to one Form S-3 registration under Section 1.4, as the case may be. 
 1.8 Underwriting Requirements. In connection with any offering involving an underwriting of shares of the Company’s capital stock, the Company shall not be required under
Section 1.3 to include any of the Holders’ securities in such underwriting unless they accept the terms of the underwriting as agreed upon between the Company and the underwriters selected by the Company (or by other persons entitled to
select the underwriters), and then only in such quantity as the underwriters determine in their sole discretion will not jeopardize the success of the offering by the Company. If the total amount of securities, including Registrable Securities,
requested by stockholders to be 

  
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included in such offering exceeds the amount of securities, other than those offered by the Company, that the underwriters determine in their sole discretion is compatible with the success of the
offering, then the Company shall be required to include in the offering only that number of such securities, including Registrable Securities, which the underwriters determine in their sole discretion will not jeopardize the success of the offering
(the securities so included to be apportioned pro rata among all selling stockholders according to the total amount of securities entitled to be included therein owned by each selling stockholder or in such other proportions as shall mutually be
agreed to by such selling stockholders) but in no event shall (i) the amount of securities of the selling Holders included in the offering be reduced below 30% of the total amount of securities included in such offering, unless such offering is
the initial public offering of the Company’s securities, in which case, the selling stockholders may be excluded if the underwriters make the determination described above and no other stockholder’s securities are included or (ii) any
Founders’ Stock held by a Founder be included if any securities held by any selling Holder are excluded. For purposes of the preceding parenthetical concerning apportionment, for any selling stockholder which is a holder of Registrable
Securities and which is a venture capital fund, or a partnership or corporation, the Affiliated Funds, partners, retired partners and stockholders of such holder, or the estates and family members of any such partners and retired partners and any
trusts for the benefit of any of the foregoing persons shall be deemed to be a single “selling stockholder,” and any pro-rata reduction with respect to such “selling stockholder” shall be based upon the aggregate amount of
shares carrying registration rights owned by all entities and individuals included in such “selling stockholder,” as defined in this sentence. 
 1.9 Delay of Registration. No Holder shall have any right to obtain or seek an injunction restraining or otherwise delaying any such registration as the result of any controversy that might
arise with respect to the interpretation or implementation of this Section 1. 
 1.10 Indemnification. In the
event any Registrable Securities are included in a registration statement under this Section 1: 
 (a) To the extent
permitted by law, the Company will indemnify and hold harmless each Holder, any underwriter (as defined in the Securities Act) for such Holder and each person, if any, who controls such Holder or underwriter within the meaning of the Securities Act
or the Exchange Act, against any losses, claims, damages, or liabilities (joint or several) to which they may become subject under the Securities Act, the Exchange Act or other federal or state law, insofar as such losses, claims, damages, or
liabilities (or actions in respect thereof) arise out of or are based upon any of the following statements, omissions or violations (collectively a “Violation”): (i) any untrue statement or alleged untrue statement of a
material fact contained in such registration statement, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto, (ii) the omission or alleged omission to state therein a material fact
required to be stated therein, or necessary to make the statements therein not misleading, or (iii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any state securities law or any rule or regulation
promulgated under the Securities Act, the Exchange Act or any state securities law; and the Company will pay to each such Holder, underwriter or controlling person, as incurred, 

  
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any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, liability, or action; provided, however, that the
indemnity agreement contained in this subsection 1.10(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability, or action if such settlement is effected without the consent of the Company (which consent shall
not be unreasonably withheld), nor shall the Company be liable to any Holder, underwriter or controlling person for any such loss, claim, damage, liability, or action to the extent that it arises out of or is based upon a Violation which occurs in
reliance upon and in conformity with written information furnished expressly for use in connection with such registration by any such Holder, underwriter or controlling person. 

(b) To the extent permitted by law, each selling Holder will indemnify and hold harmless the Company, each of its directors, each of its
officers who has signed the registration statement, each person, if any, who controls the Company within the meaning of the Securities Act, any underwriter, any other Holder selling securities in such registration statement and any controlling
person of any such underwriter or other Holder, against any losses, claims, damages, or liabilities (joint or several) to which any of the foregoing persons may become subject, under the Securities Act, the Exchange Act or other federal or state
law, insofar as such losses, claims, damages, or liabilities (or actions in respect thereto) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) that such Violation occurs in reliance upon and in
conformity with written information furnished by such Holder expressly for use in connection with such registration; and each such Holder will pay, as incurred, any legal or other expenses reasonably incurred by any person intended to be indemnified
pursuant to this subsection 1.10(b), in connection with investigating or defending any such loss, claim, damage, liability, or action; provided, however, that the indemnity agreement contained in this subsection 1.10(b) shall
not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Holder, which consent shall not be unreasonably withheld; provided, that in no event shall
any indemnity under this subsection 1.10(b) exceed the net proceeds from the offering received by such Holder, except in the case of willful fraud by such Holder. 
 (c) Promptly after receipt by an indemnified party under this Section 1.10 of notice of the commencement of any action (including any governmental action), such indemnified party will, if a claim in
respect thereof is to be made against any indemnifying party under this Section 1.10, deliver to the indemnifying party a written notice of the commencement thereof and the indemnifying party shall have the right to participate in, and, to the
extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense thereof with counsel mutually satisfactory to the parties; provided, however, that an indemnified party
(together with all other indemnified parties which may be represented without conflict by one counsel) shall have the right to retain one separate counsel, with the reasonable fees and expenses to be paid by the indemnifying party, if representation
of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or potential differing interests between such indemnified party and any other party represented by such counsel in such proceeding. The
failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action, if prejudicial to its ability to defend such action, shall relieve such indemnifying party of any liability to the
indemnified party under this Section 1.10, but the omission so to 

  
 -10-

 
deliver written notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this Section 1.10. 

(d) If the indemnification provided for in this Section 1.10 is held by a court of competent jurisdiction to be unavailable to an
indemnified party with respect to any loss, liability, claim, damage or expense referred to therein, then the indemnifying party, in lieu of indemnifying such indemnified party hereunder, shall contribute to the amount paid or payable by such
indemnified party as a result of such loss, liability, claim, damage, or expense in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and of the indemnified party on the other in connection
with the statements or omissions that resulted in such loss, liability, claim, damage or expense as well as any other relevant equitable considerations; provided, that in no event shall any contribution by a Holder under this Subsection
1.10(d) exceed the net proceeds from the offering received by such Holder, except in the case of willful fraud by such Holder. The relative fault of the indemnifying party and of the indemnified party shall be determined by reference to, among other
things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties’
relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission. 
 (e)
Notwithstanding the foregoing, to the extent that the provisions on indemnification and contribution contained in the underwriting agreement entered into in connection with the underwritten public offering are in conflict with the foregoing
provisions, the provisions in the underwriting agreement shall control. 
 (f) The obligations of the Company and Holders under
this Section 1.10 shall survive the completion of any offering of Registrable Securities in a registration statement under this Section 1, and otherwise. 
 1.11 Reports Under the Exchange Act. With a view to making available to the Holders the benefits of Rule 144 promulgated under the Securities Act and any other rule or regulation of the
SEC that may at any time permit a Holder to sell securities of the Company to the public without registration or pursuant to a registration on Form S-3, the Company agrees to: 

(a) make and keep public information available, as those terms are understood and defined in SEC Rule 144, at all times after 90
days after the effective date of the Qualified IPO so long as the Company remains subject to the periodic reporting requirements under Sections 13 or 15(d) of the Exchange Act; 

(b) take such action, including the voluntary registration of its Common Stock under Section 12 of the Exchange Act, as is
necessary to enable the Holders to utilize Form S-3 for the sale of their Registrable Securities, such action to be taken as soon as practicable after the end of the fiscal year in which the first registration statement filed by the Company for
the offering of its securities to the general public is declared effective; 

  
 -11-

 (c) file with the SEC in a timely manner all reports and other documents required of the
Company under the Securities Act and the Exchange Act; and 
 (d) furnish to any Holder upon request, so long as the Holder
owns any Registrable Securities, (i) a written statement by the Company that it has complied with the reporting requirements of SEC Rule 144 (at any time after 90 days after the effective date of the Qualified IPO), the Securities Act and
the Exchange Act (at any time after it has become subject to such reporting requirements), or that it qualifies as a registrant whose securities may be resold pursuant to Form S-3 (at any time after it so qualifies), (ii) a copy of the
most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company, and (iii) such other information as may be reasonably requested in availing any Holder of any rule or regulation of the SEC
which permits the selling of any such securities without registration or pursuant to such form. 
 1.12 Assignment of
Registration Rights. The rights to cause the Company to register Registrable Securities pursuant to this Section 1 may be assigned (but only with all related obligations) by a Holder to a transferee or assignee (i) of at least
500,000 shares of such securities (subject to adjustment for stock splits, stock dividends, reclassification or the like) (or if the transferring Holder owns less than 500,000 shares of such securities, then all Registrable Securities held by
the transferring Holder), (ii) that is a subsidiary, parent, partner, limited partner, retired partner, member, retired member or stockholder of a Holder, (iii) that is an Affiliated Fund, (iv) who is a Holder’s child, stepchild,
grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law (such a relation, a Holder’s “Immediate Family Member”, which term shall
include adoptive relationships), or (v) that is a trust for the benefit of an individual Holder or such Holder’s Immediate Family Member, provided the Company is, within a reasonable time after such transfer, furnished with written
notice of the name and address of such transferee or assignee and the securities with respect to which such registration rights are being assigned; and provided, further, that such assignment shall be effective only if the transferee
agrees in writing to be bound by this Agreement, as if an original party hereto, and immediately following such transfer the further disposition of such securities by the transferee or assignee is restricted under the Securities Act. For the
purposes of determining the number of shares of Registrable Securities held by a transferee or assignee, the holdings of transferees and assignees of (x) a partnership who are partners or retired partners of such partnership or (y) a
limited liability company who are members or retired members of such limited liability company (including Immediate Family Members of such partners or members who acquire Registrable Securities by gift, will or intestate succession) shall be
aggregated together and with the partnership or limited liability company; provided that all assignees and transferees who would not qualify individually for assignment of registration rights shall have a single attorney-in-fact for the purpose of
exercising any rights, receiving notices or taking any action under Section 1. 
 1.13 Limitations on Subsequent
Registration Rights. From and after the date of this Agreement, the Company shall not, without the prior written consent of the Holders of a majority of the outstanding Registrable Securities, enter into any agreement with any holder or
prospective 

  
 -12-

 
holder of any securities of the Company which would allow such holder or prospective holder (a) to include any of such securities in any registration filed under Section 1.2 hereof,
unless under the terms of such agreement, such holder or prospective holder may include such securities in any such registration only to the extent that the inclusion of his securities will not reduce the amount of the Registrable Securities of the
Holders which is included, (b) to make a demand registration which could result in such registration statement being declared effective prior to the earlier of either of the dates set forth in subsection 1.2(a) or within 120 days of the
effective date of any registration effected pursuant to Section 1.2, or (c) to have registration rights that are superior to or on parity with the rights of the Holders. 

1.14 Lock-Up Agreement.  
 (a) Lock-Up Period; Agreement. In connection with the initial public offering of the Company’s securities and upon request of the Company or the underwriters managing such offering of
the Company’s securities, each Holder agrees not to sell, make any short sale of, loan, grant any option for the purchase of, or otherwise dispose of any securities of the Company, however or whenever acquired (other than those included in the
registration) without the prior written consent of the Company or such underwriters, as the case may be, for such period of time (not to exceed 180 days but subject to such extension or extensions as may be required by the underwriters in order to
publish research reports while complying with NASD Rule 2711) from the effective date of such registration statement as may be requested by the Company or such managing underwriters and to execute an agreement reflecting the foregoing as may be
requested by the underwriters at the time of the Company’s initial public offering. 
 (b) Limitations. The
obligations described in Section 1.14(a) shall apply only if all officers and directors of the Company and all greater than 1% stockholders enter into similar agreements, and shall not apply to a registration relating solely to employee benefit
plans, or to a registration relating solely to a transaction pursuant to Rule 145 under the Securities Act. Any discretionary waiver or termination of the restrictions of any or all of such agreements by the Company or the underwriters shall apply
pro rata to all Holders subject to such agreements, based on the number of shares subject to such agreements. 
 (c)
Stop-Transfer Instructions. In order to enforce the foregoing covenants, the Company may impose stop-transfer instructions with respect to the securities of each Holder (and the securities of every other person subject to the
restrictions in Section 1.14(a)). 
 (d) Transferees Bound. Each Holder agrees that prior to the
Company’s initial public offering it will not transfer securities of the Company unless each transferee agrees in writing to be bound by all of the provisions of this Section 1.14. 

(e) Each Holder agrees that a legend reading substantially as follows shall be placed on all certificates representing all Registrable
Securities of each Holder (and the shares or securities of every other person subject to the restriction contained in this Section 1.14): 

  
 -13-

 THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A LOCK-UP PERIOD OF UP TO 180
DAYS (BUT SUBJECT TO AN EXTENSION IN CERTAIN CIRCUMSTANCES) AFTER THE EFFECTIVE DATE OF THE ISSUER’S REGISTRATION STATEMENT FILED UNDER THE ACT, AS AMENDED, AS SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE ORIGINAL HOLDER OF THESE
SECURITIES, A COPY OF WHICH MAY BE OBTAINED AT THE ISSUER’S PRINCIPAL OFFICE. SUCH LOCK-UP PERIOD IS BINDING ON TRANSFEREES OF THESE SHARES. 
 1.15 Termination of Registration Rights. No Holder shall be entitled to exercise any right provided for in this Section 1 after the earlier of (i) five years following the
consummation of a Qualified IPO, (ii) with respect to any Holder, at such time after the Qualified IPO as Rule 144 or another similar exemption under the Securities Act is available for the sale of all of such Holder’s shares during a
three-month period without registration and such Holder holds less than 5% of the outstanding capital stock of the Company, or (iii) upon termination of the Agreement, as provided in Section 3.1. 

2. Covenants of the Company. 
 2.1 Delivery of Financial Statements. The Company shall deliver to each Major Investor (other than a Major Investor reasonably deemed by the Company to be a competitor of the Company):

 (a) as soon as practicable, but in any event within 120 days after the end of each fiscal year of the Company (or such longer
period of time as may be required by the Company’s independent public accountants, if applicable), an income statement for such fiscal year, a balance sheet of the Company and statement of stockholder’s equity as of the end of such year,
and a statement of cash flows for such year, such year-end financial reports to be in reasonable detail, prepared in accordance with generally accepted accounting principles (“GAAP”), audited and certified by an independent public
accounting firm of nationally recognized standing selected by the Company and approved by the Board of Directors or the audit committee of the Board of Directors; 
 (b) as soon as practicable, but in any event within 45 days after the end of each of the first three quarters of each fiscal year of the Company, an unaudited profit or loss statement, a statement of cash
flows for such fiscal quarter and an unaudited balance sheet as of the end of such fiscal quarter; 
 (c) within 30 days of the
end of each month, an unaudited income statement and a statement of cash flows and balance sheet for and as of the end of such month, in reasonable detail; 
 (d) as soon as practicable, but in any event prior to the end of each fiscal year, a budget and business plan for the next fiscal year, prepared on a monthly basis, and,

  
 -14-

 
as soon as prepared, any other updated or revised budgets for such fiscal year prepared by the Company; 
 (e) within 30 days after the end of each fiscal quarter of the Company, a summary of the Company’s capitalization on a fully diluted basis for such fiscal quarter; and 

(f) an instrument executed by the Chief Financial Officer or President of the Company and certifying on behalf of the Company that
(i) with respect to the financial statements called for in subsection (a) of this Section 2.1, such financials were prepared in accordance with GAAP consistently applied with prior practice for earlier periods and (ii) with
respect to the financial statements called for in subsections (a), (b) and (c) of this Section 2.1, such financials fairly present the financial condition of the Company and its results of operation for the period specified, subject
to year-end audit adjustment (in the case of unaudited financial statements), provided that the foregoing shall not restrict the right of the Company to change its accounting principles consistent with GAAP, if the Board of Directors or a committee
thereof determines that it is in the best interest of the Company to do so. 
 2.2 Inspection. The Company shall
permit each Major Investor (except for a Major Investor reasonably deemed by the Company to be a competitor of the Company), at such Major Investor’s expense, to visit and inspect the Company’s properties, to examine its books of account
and records and to discuss the Company’s affairs, finances and accounts with its officers, all at such reasonable times as may be requested by the Major Investor; provided, however, that the Company shall not be obligated pursuant
to this Section 2.2 to provide access to any information (a) which it reasonably considers to be a trade secret or similar confidential information (unless covered by an enforceable confidentiality agreement in form acceptable to the
Company) or (b) if it reasonably believes that providing access to such information would breach an obligation of confidentiality to a third party or would otherwise not be in the best interests of the Company. 

2.3 Right of First Offer. Subject to the terms and conditions specified in this Section 2.3, the Company hereby grants
to each Investor a right of first offer with respect to future sales by the Company of its Shares (as hereinafter defined). For purposes of this Section 2.3, Investor includes any general partners, managing members and affiliates of an
Investor, including Affiliated Funds. An Investor who chooses to exercise the right of first offer may designate as purchasers under such right itself or its partners or affiliates, including Affiliated Funds, in such proportions as it deems
appropriate. 
 Each time the Company proposes to offer any shares of, or securities convertible into or exercisable for any
shares of, any class of its capital stock (“Shares”), the Company shall first make an offering of such Shares to each Investor in accordance with the following provisions: 

(a) The Company shall deliver a notice (the “RFO Notice”) to the Investors stating (i) its bona fide intention to
offer such Shares, (ii) the number of such Shares to be offered, and (iii) the price and terms, if any, upon which it proposes to offer such Shares. 

  
 -15-

 (b) Within 15 days after delivery of the RFO Notice, the Investor may elect to purchase or
obtain, at the price and on the terms specified in the RFO Notice, up to that portion of such Shares which equals the proportion that the number of shares of Common Stock issued and held, or issuable upon conversion and exercise (and, as applicable,
subsequent conversion) of all convertible or exercisable securities then held, by such Investor bears to the sum of (A) the total number of shares of Common Stock then outstanding (assuming conversion and exercise (and, as applicable,
subsequent conversion) of all convertible or exercisable securities) and (B) shares of Common Stock available for issuance to employees, consultants or directors pursuant to a stock option plan, restricted stock plan, or other stock plan
approved by the Board of Directors (which for purposes of clarification means all available shares under any such stock option plan, restricted stock plan or other stock plan that are neither issued and outstanding nor issuable upon exercise of
outstanding options or other purchase rights). Each Investor’s portion as calculated pursuant to the immediately preceding sentence is referred to hereafter as its “Pro Rata Portion.” Such purchase shall be completed at the
same closing as that of any third party purchasers or at an additional closing. The Company shall promptly, in writing, inform each Investor that purchases all the shares available to it (each, a “Fully-Exercising Investor”) of any
other Investor’s failure to do likewise. During the 10-day period commencing after receipt of such information, each Fully-Exercising Investor shall be entitled to obtain that portion of the Shares for which Investors were entitled to subscribe
but which were not subscribed for by the Investors that is equal to the proportion that the number of shares of Common Stock issued and held, or issuable upon conversion and exercise (and, as applicable, subsequent conversion) of all convertible or
exercisable securities then held, by such Fully-Exercising Investor bears to the total number of shares of Common Stock then outstanding (assuming conversion and exercise (and, as applicable, subsequent conversion) of all convertible or exercisable
securities). 
 (c) The Company may, during the 45-day period following the expiration of the period provided in
subsection 2.3(b) hereof, offer the remaining unsubscribed portion of the Shares to any person or persons at a price not less than, and upon terms no more favorable to the offeree than those specified in the RFO Notice. If the Company does not
enter into an agreement for the sale of the Shares within such period, or if such agreement is not consummated within 60 days after the execution thereof, the right provided hereunder shall be deemed to be revived and such Shares shall not be
offered unless first reoffered to the Investors in accordance herewith. 
 (d) The right of first offer in this
Section 2.3 shall not be applicable to (i) the issuance of securities in connection with stock dividends, stock splits or similar transactions; (ii) the issuance or sale of Common Stock (or options therefor) to employees, consultants
and directors of the Company or a subsidiary of the Company approved by the Board of Directors, directly or pursuant to a stock option plan, restricted stock purchase plans or other stock plan approved by the Board of Directors; (iii) the
issuance of securities to financial institutions, equipment lessors, brokers or similar persons in connection with commercial credit arrangements, equipment financings, commercial property lease transactions or similar transactions approved by the
Board of Directors; (iv) the issuance of securities pursuant to the conversion or exercise of convertible or exercisable securities (A) outstanding as of the date of this Agreement, or (B) issued under one of the numbered exceptions
in this Section 2.3(d), 

  
 -16-

 
including without limitation, warrants, notes or options; (v) the issuance of securities in connection with bona fide acquisition, merger or similar transaction, the terms of which are
approved by the Board of Directors; (vi) the issuance or sale of the Series F Preferred Stock, (vii) the issuance of Common Stock upon conversion of the Company’s Preferred Stock; (viii) the issuance of Common Stock in a
Qualified IPO; (ix) the issuance of securities to an entity as a component of any business relationship with such entity primarily for the purpose of (A) joint venture, technology licensing or development activities, (B) distribution,
supply or manufacture of the Company’s products or services or (C) any other arrangements involving corporate partners that are primarily for purposes other than raising capital, provided that, in each case, the terms of which business
relationship with such entity are approved by the Board of Directors; (x) the issuance of securities that the holders of at least a majority of the then outstanding shares of Preferred Stock, voting together as a single class on an as-converted
to Common Stock basis, have elected shall not be subject to the provisions of this Section 2.3 or (xi) the issuance of securities that, with unanimous approval of the Board of Directors of the Company, are not offered to any existing
stockholder of the Company. In addition to the foregoing, the right of first offer in this Section 2.3 shall not be applicable with respect to any Investor and any subsequent securities issuance, if (i) at the time of such subsequent
securities issuance, the Investor is not an “accredited investor,” as that term is then defined in Rule 501(a) under the Securities Act, and (ii) such subsequent securities issuance is otherwise being offered only to accredited
investors. 
 (e) In the event that the right of first offer in this Section 2.3 is waived pursuant to Section 3.4
hereof, or is deemed not to apply pursuant to the application of subsection 2.3(d)(x), with respect to an issuance of securities by the Company, and any Major Investor that consented to such waiver (a “Waiving Major Investor”) is
nevertheless permitted to purchase (and does purchase) any such securities, each Major Investor that is not a Waiving Major Investor (a “Non-Waiving Major Investor”) shall be entitled to purchase its Adjusted Pro Rata Portion (as
defined below) of such Shares upon the terms and conditions set forth in this Section 2.3. For purposes of this Section 2.3(e), a Major Investor’s “Adjusted Pro Rata Portion” of the Shares subject to the waiver
described herein shall be equal to (i) such Major Investor’s Pro Rata Portion of such Shares multiplied by (ii) the highest percentage (up to 100%) of any Waiving Major Investor’s Pro Rata Portion that such Waiving Major Investor
is permitted to purchase and does purchase. For example, if only one Waiving Major Investor is permitted to purchase any Shares and it is permitted to purchase, and does purchase, 50% of its Pro Rata Portion of the Shares, the Adjusted Pro Rata
Portion for each Non-Waiving Major Investor shall be 50% of its Pro Rata Portion. For another example, if one Waiving Major Investor is permitted to purchase, and does purchase, 60% of its Pro Rata Portion and another Waiving Major Investor is
permitted to purchase, and does purchase, 110% of its Pro Rata Portion, the Adjusted Pro Rata Portion for each Non-Waiving Major Investor shall be 100% of its Pro Rata Portion. 

2.4 Director and Officer Insurance. The Company will use commercially reasonable efforts to maintain director and officer
insurance in an amount of at least $3,000,000 and will keep such insurance in full force and effect so long thereafter as the Preferred Stock holders have the right to designate at least one member of the Board of Directors of the Company, unless
the Board of 

  
 -17-

 
Directors determines in good faith that such insurance is not available on acceptable terms at an acceptable cost. 
 2.5 Indemnification Agreements. The Company shall enter into its standard form of Indemnification Agreement with each director of the Company. 

2.6 Monthly Budgets. The Company’s management shall prepare and present to the Board of Directors rolling
forward monthly budgets. 
 2.7 Termination of Covenants. 

(a) The covenants set forth in Sections 2.1 through Section 2.6 shall terminate as to each Holder and be of no further force or
effect (i) immediately prior to the consummation of a Qualified IPO, or (ii) upon termination of the Agreement, as provided in Section 3.1. 
 (b) The covenants set forth in Sections 2.1 and 2.2 shall terminate as to each Holder and be of no further force or effect when the Company first becomes subject to the periodic reporting
requirements of Sections 13 or 15(d) of the Exchange Act, if this occurs earlier than the events described in Section 2.7(a) above. 
 3. Miscellaneous. 
 3.1 Termination. This
Agreement shall terminate, and have no further force and effect, when the Company shall consummate a transaction or series of related transactions deemed to be a Liquidation Transaction pursuant to the Company’s Amended and Restated Certificate
of Incorporation, as such Amended and Restated Certificate of Incorporation may be amended from time to time. 
 3.2
Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto pertaining to the subject matter hereof, and any and all other written or oral agreements relating to the subject matter hereof existing
between the parties hereto are expressly canceled. 
 3.3 Successors and Assigns. Except as otherwise provided in
this Agreement, the terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective permitted successors and assigns of the parties (including transferees of any of the Preferred Stock or any Common Stock
issued upon conversion thereof). Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or
by reason of this Agreement, except as expressly provided in this Agreement. 
 3.4 Amendments and Waivers. Any
term of this Agreement may be amended or waived only with the written consent of the 

  
 -18-

 
Company and the holders of a majority of the Registrable Securities then outstanding, not including the Founders’ Stock; provided, however, that if such amendment or waiver has the
effect of affecting the Founders’ Stock then held by Founders who are officers of the Company at the time of such amendment or waiver in a manner adverse to the interests of the holders of Founders’ Stock, then such amendment shall require
the consent of the holder or holders of a majority of the Founders’ Stock then held by Founders who are officers of the Company at the time of such amendment or waiver and, provided further, that the definition of “Major
Investor” under Section 1.1(g) of this Agreement shall not be amended to exclude or remove from such definition any Investor who, immediately following the Initial Closing or any subsequent Closing under the Purchase Agreement, is included
in such definition, nor shall this Agreement be amended to eliminate such Investor’s rights under Sections 2.1 or 2.2 (as such sections may be amended from time to time), without the written consent of such Investor (but, for purposes of
clarity, this shall not otherwise affect the exclusion of a party that fails to continue to qualify as a Major Investor as a result of its sale or other disposition of Company stock). Notwithstanding the foregoing, this Agreement may be amended with
only the written consent of the Company for the sole purpose of including additional purchasers of Series F Preferred Stock as “Investors” and “Holders.” Any amendment or waiver effected in accordance with this paragraph shall be
binding upon each party to the Agreement, whether or not such party has signed such amendment or waiver, each future holder of all such Registrable Securities, and the Company. 

3.5 Notices. Unless otherwise provided, any notice required or permitted by this Agreement shall be in writing and shall be
deemed sufficient upon delivery, when delivered personally or by overnight courier or sent by facsimile or electronic mail, or 48 hours after being deposited in the U.S. mail, as certified or registered mail, with postage prepaid, and addressed to
the party to be notified at such party’s address, facsimile number or e-mail address as set forth on Exhibit A or Exhibit B hereto or as subsequently modified by written notice. 

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

3.7 Governing Law. This Agreement and all acts and transactions pursuant hereto shall be governed, construed and
interpreted in accordance with the laws of the State of California, without giving effect to principles of conflicts of laws. 

3.8 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument. 
 3.9 Titles and Subtitles. The titles
and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement. 

  
 -19-

 3.10 Aggregation of Stock. All shares of the Preferred Stock held or acquired
by affiliated entities or persons shall be aggregated together for the purpose of determining the availability of any rights under this Agreement. 
 [Signature Pages Follow] 

  
 -20-

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of
the date first above written. 
  

			
	COMPANY:
	
	CYAN, INC.
		
	 By:
	 	 /s/ Michael Hatfield

		 	    Michael Hatfield, Chief Executive Officer

 
			
		
	 Address:
	 	    1383 N. McDowell Blvd., Suite 300
		 	    Petaluma, CA 94954
	
	 Fax: (707) 763-3319

 SIGNATURE PAGE TO CYAN, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of
the date first above written. 
  

	
	FOUNDERS:
	
	 /s/ Eric Clelland

	Eric Clelland
	
	 /s/ Michael Hatfield

	Michael Hatfield
	
	 /s/ Rick Johnston

	Rick Johnston
	
	 /s/ Steve West

	Steve West

 SIGNATURE PAGE TO CYAN, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of
the date first above written. 
  

			
	INVESTORS:
	
	NORWEST VENTURE PARTNERS X, LP
		
	By:	 	 Genesis VC Partners X, LLC,

  General Partner

		
	By:	 	 /s/ Promod Haque

	Print Name: Promod Haque
	Its:	 	  

 

			
	NORWEST VENTURE PARTNERS VII-A, LP
		
	By:	 	 Itasca VC Partners VII-A, LLC,
 General Partner

		
	By:	 	 /s/ Promod Haque

		 	  Member
	Print Name: Promod Haque

 SIGNATURE PAGE TO CYAN, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS
AGREEMENT 

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of
the date first above written. 
  

			
	INVESTORS:
	
	TENAYA CAPITAL V, L.P.
		
	By:	 	Tenaya Capital V GP, L.P., its General Partner
	By:	 	Tenaya Capital V GP, LLC, its General Partner
		
	By:	 	 /s/ Dave Markland

	Name: Dave Markland
	Title: Attorney-in-fact

 

			
	TENAYA CAPITAL V-P, L.P.
		
	By:	 	Tenaya Capital V GP, L.P., its General Partner
	By:	 	Tenaya Capital V GP, LLC, its General Partner
		
	By:	 	 /s/ Dave Markland

	Name: Dave Markland
	Title: Attorney-in-fact

 SIGNATURE PAGE TO CYAN, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of
the date first above written. 
  

			
	INVESTORS:
	
	Meritech Capital Partners III L.P.
		
	  By:	 	 Meritech Capital Associates III L.L.C.
 its General Partner

		
	  By:	 	 Meritech Management Associates III L.L.C
 a managing member

 
			
		
	By:	 	 /s/ Robert D. Ward

			
	Name:	 	Robin D. Ward
	Title:	 	a managing member
	
	Meritech Capital Affiliates III L.P.
		
	  By:	 	 Meritech Capital Associates III L.L.C.
 its General Partner

		
	  By:	 	 Meritech Management Associates III L.L.C.
 a managing member

 
			
		
	By:	 	 /s/ Robert D. Ward

			
	Name:	 	Robin D. Ward
	Title:	 	a managing member

 SIGNATURE PAGE TO CYAN, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of
the date first above written. 
  

			
	INVESTORS:
	
	FOCUS VENTURES III, L.P.

 
			
		
	 By:
	 	Focus Ventures Partners III, L.L.C.

 
			
		
	 By:
	 	 /s/ Kevin J. McQuillan

		 	  Kevin J. McQuillan, Managing Member
	
	FV INVESTORS III, L.P.

 
			
		
	 By:
	 	Focus Ventures Partners III, L.L.C.

 
			
		
	 By:
	 	 /s/ Kevin J. McQuillan

		 	  Kevin J. McQuillan, Managing Member

SIGNATURE PAGE TO CYAN, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of
the date first above written. 
  

			
	 INVESTOR:
  

TELECOMMUNICATIONS DEVELOPMENT FUND

		
	 By:
	 	TD Fund II. LP, its Managing Partner

 
			
		
	 By:
	 	 /s/ James J. Pastoriza

			
	 Print Name: James J. Pastoriza

			
	 Its:
	 	Managing Partner

 SIGNATURE PAGE TO CYAN, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS
AGREEMENT 

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of
the date first above written. 
  

			
	INVESTOR:

 
			
	
	KINETIC VENTURES VIII, L.P.
		
	By:	 	Kinetic Ventures Partners VIII, L.L.C
		
	By:	 	Kinetic Ventures, L.L.C.
		
	By:	 	 /s/ William T. Heflin

		 	William T. Heflin, Managing Director

 SIGNATURE PAGE TO CYAN, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of
the date first above written. 
  

			
	INVESTOR:
	
	JUNIPER NETWORKS, INC.
		
	By:	 	 /s/ Mitchell L. Gaynor

	Print Name: Mitchell L. Gaynor
	Its:	 	Executive Vice President, General Counsel & Secretary

 SIGNATURE PAGE TO CYAN, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of
the date first above written. 
  

			
	 INVESTORS:

 
			
	
	GULF SOUTH CAPITAL, INC.

 
			
		
	 By:
	 	 /s/ Justin McClure

			
	 Print Name: Justin McClure

			
	 Title:
	 	President
	
	GS TECHNOLOGY VENTURES I, LLC

 
			
		
	 By:
	 	 /s/ Justin McClure

			
	 Print Name: Justin McClure

			
	 Title:
	 	President

 SIGNATURE PAGE TO CYAN, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS
AGREEMENT 

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of
the date first above written. 
  

			
	INVESTOR:
	
	G&W VENTURES LLC
		
	By:	 	 /s/ William C. White

	Print Name: William C. White
	Its:	 	Manager

 SIGNATURE PAGE TO CYAN, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of
the date first above written. 
  

			
	INVESTOR:

 
	
	
	ROBERT E. SWITZ REVOCABLE TRUST DATED JULY 27, 2009
	
	 /s/ Robert E. Switz

	Signature
	
	 Robert E. Switz

	Print Name
	
	 Trustee

	Title

 SIGNATURE PAGE TO CYAN, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of
the date first above written. 
  

			
	INVESTOR:
	
	/s/ Scott Bauer
	Scott Bauer

 SIGNATURE PAGE TO CYAN, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of
the date first above written. 
  

			
	 INVESTORS:

 
			
	
	TRIPLEPOINT VENTURES, LLC

 
			
		
	 By:
	 	 /s/ Sajal Srivastava

			
	 Print Name: Sajal Srivastava

			
	 Its:
	 	COO
	
	TRIPLEPOINT VENTURES 2, LLC

 
			
		
	 By:
	 	 /s/ Sajal Srivastava

			
	 Print Name: Sajal Srivastava

			
	 Its:
	 	COO

 SIGNATURE PAGE TO CYAN, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of
the date first above written. 
  

			
	INVESTOR:
	
	/s/ Keith Miller
	Keith Miller

 SIGNATURE PAGE TO CYAN, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of
the date first above written. 
  

			
	INVESTORS:

 
			
	
	AZURE CAPITAL PARTNERS II, L.P.
	
	 By: Azure Capital Partners Administrators II, LP
 Its General Partner

		
	By:	 	 /s/ Steve Gillan

		 	Steve Gillan, Chief Financial Officer
	
	AZURE ENTREPRENEURS II, L.P.
	
	 By: Azure Capital Partners Administrators II, LP
 Its General Partner

		
	By:	 	 /s/ Steve Gillan

		 	Steve Gillan, Chief Financial Officer

 SIGNATURE PAGE TO CYAN, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of
the date first above written. 
  

			
	INVESTOR:

 
			
	
	GRANDE VENTURES, LLC
		
	By:	 	 /s/ Tina Gascoigne

	Print Name: Tina Gascoigne
	Its: General Counsel and Secretary

 SIGNATURE PAGE TO CYAN, INC. 
 AMENDED AND RESTATED INVESTORS’ RIGHTS
AGREEMENT 

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of
the date first above written. 
  

			
	INVESTOR:
	
	/s/ Michael Hatfield
	Michael Hatfield

 SIGNATURE PAGE TO CYAN, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of
the date first above written. 
  

			
	INVESTOR:
	
	/s/ Steve West
	Steve West

 SIGNATURE PAGE TO CYAN, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of
the date first above written. 
  

			
	INVESTOR:
	
	/s/ Eric Clelland
	Eric Clelland

 SIGNATURE PAGE TO CYAN, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 The parties have executed this Amended and Restated Investors’ Rights Agreement as of
the date first above written. 
  

			
	INVESTOR:
	
	/s/ Rick Johnston
	Rick Johnston

 SIGNATURE PAGE TO CYAN, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 EXHIBIT B 

FOUNDERS 
  

	
	 Name

	 Steve West

	 Michael Hatfield

	 Eric Clelland

	 Rick Johnson2006 Stock Plan

 Exhibit 10.2.1 
 CYAN, INC. 
 2006 STOCK PLAN 

As amended through September 6, 2012 
 1. Purposes of the Plan. The purposes of this 2006 Stock Plan are to attract and retain the best available personnel for positions of substantial responsibility, to provide additional
incentive to Employees and Consultants and to promote the success of the Company’s business. Options granted under the Plan may be Incentive Stock Options or Nonstatutory Stock Options, as determined by the Administrator at the time of grant of
an option and subject to the applicable provisions of Section 422 of the Code and the regulations and interpretations promulgated thereunder. Stock Purchase Rights and Restricted Stock Unit Awards may also be granted under the Plan. 

2. Definitions. As used herein, the following definitions shall apply: 

(a) “Administrator” means the Board or its Committee appointed pursuant to Section 4 of the Plan. 

(b) “Affiliate” means an entity other than a Subsidiary (as defined below) which, together with the Company, is
under common control of a third person or entity. 
 (c) “Applicable Laws” means the legal requirements
relating to the administration of stock option, restricted stock purchase and stock issuance plans, including under applicable U.S. state corporate laws, U.S. federal and applicable state securities laws, other U.S. federal and state laws, the Code,
any Stock Exchange rules or regulations and the applicable laws, rules and regulations of any other country or jurisdiction where Stock Awards are granted under the Plan, as such laws, rules, regulations and requirements shall be in place from time
to time. 
 (d) “Board” means the Board of Directors of the Company. 

(e) “Cause” for termination of a Participant’s Continuous Service Status will exist if the Participant is
terminated by the Company for any of the following reasons: (1) Participant’s repeated failure to materially fulfill his or her duties and responsibilities to the Company, or abide, in all material respects, with Company policies after
written notice from the Board of Directors or an officer of the Company describing in reasonable detail Participant’s failure to perform such duties or responsibilities or abide by the Company’s policies; (2) Participant’s
engagement in knowing and intentional illegal conduct that was or is injurious in any material respect to the Company or its affiliates; (3) Participant’s material violation or material breach of his Confidential Information and Invention
Assignment Agreement with the Company that is not cured within twenty (20) days of written notice thereof or that is incapable of cure; or (4) Participant’s conviction of, or entry of a plea of nolo contendere to, a felony or
committing any act of moral turpitude, embezzlement, dishonesty or fraud against, or the misappropriation of material property belonging to, the Company or its affiliates. 

 (f) “Change of Control” means (1) a sale of all or
substantially all of the Company’s assets, or (2) any merger, consolidation or other business combination transaction of the Company with or into another corporation, entity or person, other than a transaction in which the holders of at
least a majority of the shares of voting capital stock of the Company outstanding immediately prior to such transaction continue to hold (either by such shares remaining outstanding or by their being converted into shares of voting capital stock of
the surviving entity) a majority of the total voting power represented by the shares of voting capital stock of the Company (or the surviving entity) outstanding immediately after such transaction, (3) the direct or indirect acquisition
(including by way of a tender or exchange offer) by any person, or persons acting as a group, of beneficial ownership or a right to acquire beneficial ownership of shares representing a majority of the voting power of the then outstanding shares of
capital stock of the Company or (4) a contested election of Directors, as a result of which or in connection with which the persons who were Directors before such election or their nominees (the “Incumbent Directors”) cease to
constitute a majority of the Board; provided however that if the election or nomination for election by the Company’s stockholders, of any new Director was approved by a vote of at least 50% of the Incumbent Directors, such new Director shall
be considered as an Incumbent Director. 
 (g) “Code” means the Internal Revenue Code of 1986, as
amended. 
 (h) “Committee” means one or more committees or subcommittees of the Board appointed by the
Board to administer the Plan in accordance with Section 4 below. 
 (i) “Common Stock” means the
Common Stock of the Company. 
 (j) “Company” means Cyan, Inc., a Delaware corporation (formerly known
as Cyan Optics, Inc.). 
 (k) “Consultant” means any person, including an advisor, who is engaged by the
Company or any Parent, Subsidiary or Affiliate to render services and is compensated for such services, and any director of the Company whether compensated for such services or not. 

(l) “Continuous Service Status” means the absence of any interruption or termination of service as an Employee or
Consultant. Continuous Service Status as an Employee or Consultant shall not be considered interrupted in the case of: (i) sick leave; (ii) military leave; (iii) any other leave of absence approved by the Administrator, provided that
such leave is for a period of not more than ninety (90) days, unless reemployment upon the expiration of such leave is guaranteed by contract or statute, or unless provided otherwise pursuant to Company policy adopted from time to time; or
(iv) in the case of transfers between locations of the Company or between the Company, its Parents, Subsidiaries, Affiliates or their respective successors. A change in status from an Employee to a Consultant or from a Consultant to an Employee
will not constitute an interruption of Continuous Service Status. 
 (m) “Corporate Transaction” means a
sale of all or substantially all of the Company’s assets, or a merger, consolidation or other capital reorganization or business combination transaction of the Company with or into another corporation, entity or person, the

  
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direct or indirect acquisition (including by way of a tender or exchange offer) by any person, or persons acting as a group, of beneficial ownership or a right to acquire beneficial ownership of
shares representing a majority of the voting power of the then outstanding shares of capital stock of the Company. 
 (n)
“Director” means a member of the Board. 
 (o) “Employee” means any person
employed by the Company or any Parent or Subsidiary, with the status of employment determined based upon such factors as are deemed appropriate by the Administrator in its discretion, subject to any requirements of the Code or the Applicable Laws.
The payment by the Company of a director’s fee to a Director shall not be sufficient to constitute “employment” of such Director by the Company. 
 (p) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 (q) “Fair Market Value” means, as of any date, the fair market value of the Common Stock, as determined by the Administrator in good faith on such basis as it deems appropriate and
applied consistently with respect to Participants. Whenever possible, the determination of Fair Market Value shall be based upon the closing price for the Shares as reported in the Wall Street Journal for the applicable date. 

(r) “Incentive Stock Option” means an Option intended to qualify as an incentive stock option within the meaning
of Section 422 of the Code, as designated in the applicable Option Agreement. 
 (s) “Listed
Security” means any security of the Company that is listed or approved for listing on a national securities exchange or designated or approved for designation as a national market system security on an interdealer quotation system by
the National Association of Securities Dealers, Inc. 
 (t) “Named Executive” means any individual who,
on the last day of the Company’s fiscal year, is the chief executive officer of the Company (or is acting in such capacity) or among the four most highly compensated officers of the Company (other than the chief executive officer). Such officer
status shall be determined pursuant to the executive compensation disclosure rules under the Exchange Act. 
 (u)
“Nonstatutory Stock Option” means an Option not intended to qualify as an Incentive Stock Option, as designated in the applicable Option Agreement. 
 (v) “Option” means a stock option granted pursuant to the Plan. 
 (w) “Option Agreement” means a written document, the form(s) of which shall be approved from time to time by the Administrator, reflecting the terms of an Option granted under the
Plan and includes any documents attached to or incorporated into such Option Agreement, including, but not limited to, a notice of stock option grant and a form of exercise notice. 

  
 -3-

 (x) “Option Exchange Program” means a program approved by the
Administrator whereby outstanding Options are exchanged for Options with a lower exercise price or are amended to decrease the exercise price as a result of a decline in the Fair Market Value of the Common Stock. 

(y) “Optioned Stock” means the Common Stock subject to an Option. 

(z) “Optionee” means an Employee or Consultant who receives an Option. 

(aa) “Parent” means a “parent corporation,” whether now or hereafter existing, as defined in
Section 424(e) of the Code, or any successor provision. 
 (bb) “Participant” means any holder of
one or more Options, Stock Purchase Rights or Restricted Stock Unit Awards, or the Shares issuable or issued upon exercise of such awards, under the Plan. 
 (cc) “Plan” means this 2006 Stock Plan. 
 (dd)
“Reporting Person” means an officer, Director, or greater than ten percent stockholder of the Company within the meaning of Rule 16a-2 under the Exchange Act, who is required to file reports pursuant to Rule 16a-3 under the
Exchange Act. 
 (ee) “Restricted Stock” means Shares of Common Stock acquired pursuant to a grant of a
Stock Purchase Right under Section 10 below. 
 (ff) “Restricted Stock Purchase Agreement” means a
written document, the form(s) of which shall be approved from time to time by the Administrator, reflecting the terms of a Stock Purchase Right granted under the Plan and includes any documents attached to such agreement. 

(gg) “Restricted Stock Unit Award” means a right to receive Shares of Common Stock which is granted pursuant to
the terms and conditions of Section 11 below. 
 (hh) “Restricted Stock Unit Award Agreement” means a
written document, the form(s) of which shall be approved from time to time by the Administrator, reflecting the terms and conditions of a Restricted Stock Unit Award granted under the Plan and includes any documents attached to or incorporated into
such Restricted Stock Unit Award Agreement, including, but not limited to, a notice of restricted stock unit award grant and a form of restricted stock unit agreement. 
 (ii) “Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act, as amended from time to time, or any successor provision. 

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

 (kk) “Stock Award” means any right to receive Shares of Common Stock granted under the Plan,
including an Incentive Stock Option, a Nonstatutory Stock Option, a Stock Purchase Right, or a Restricted Stock Unit Award. 

(ll) “Stock Exchange” means any stock exchange or consolidated stock price reporting system on which prices for
the Common Stock are quoted at any given time. 
 (mm) “Stock Purchase Right” means the right to
purchase Common Stock pursuant to Section 10 below. 
 (nn) “Subsidiary” means a “subsidiary
corporation,” whether now or hereafter existing, as defined in Section 424(f) of the Code, or any successor provision. 
 (oo) “Ten Percent Holder” means a person who owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or
Subsidiary. 

  
 -4-

 3. Stock Subject to the Plan. Subject to the provisions of Section 14 of
the Plan, the maximum aggregate number of Shares that may be sold under the Plan is 12,002,500 Shares of Common Stock. The Shares may be authorized, but unissued, or reacquired Common Stock. If an award should expire or become unexercisable for any
reason without having been exercised in full, or is surrendered pursuant to an Option Exchange Program, the unpurchased or unissued Shares that were subject thereto shall, unless the Plan shall have been terminated, become available for future grant
under the Plan. In addition, any Shares of Common Stock which are retained by the Company upon exercise of a Stock Award in order to satisfy the exercise or purchase price for such award or any withholding taxes due with respect to exercise,
purchase or settlement of a Stock Award shall be treated as not issued and shall continue to be available under the Plan. Shares issued under the Plan and later forfeited to the Company or repurchased by the Company pursuant to any repurchase right
which the Company may have shall be available for future grant under the Plan. 
 4. Administration of the Plan.

 (a) General. The Plan shall be administered by the Board or a Committee, or a combination thereof, as
determined by the Board. The Plan may be administered by different administrative bodies with respect to different classes of Participants and, if permitted by the Applicable Laws, the Board may authorize one or more officers to make awards under
the Plan. 
 (b) Committee Composition. If a Committee has been appointed pursuant to this Section 4, such
Committee shall continue to serve in its designated capacity until otherwise directed by the Board. From time to time the Board may increase the size of any Committee and appoint additional members thereof, remove members (with or without cause) and
appoint new members in substitution therefor, fill vacancies (however caused) and remove all members of a Committee and thereafter directly administer the Plan, all to the extent permitted by the Applicable Laws and, in the case of a Committee
administering the Plan in accordance with the requirements of Rule 16b-3 or Section 162(m) of the Code, to the extent permitted or required by such provisions. The Committee shall in all events conform to any requirements of the Applicable
Laws. 
 (c) Powers of the Administrator. Subject to the provisions of the Plan and in the case of a Committee,
the specific duties delegated by the Board to such Committee, the Administrator shall have the authority, in its discretion: 

(i) to determine the Fair Market Value of the Common Stock, in accordance with Section 2(q) of the Plan, provided that such
determination shall be applied consistently with respect to Participants under the Plan; 
 (ii) to select the Employees and
Consultants to whom Stock Awards may from time to time be granted; 
 (iii) to determine whether and to what extent Stock
Awards are granted; 
 (iv) to determine the number of Shares of Common Stock to be covered by each Stock Award granted;

  
 -5-

 (v) to approve the form(s) of agreement(s) used under the Plan; 

(vi) to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Stock Award granted hereunder, which
terms and conditions include but are not limited to the exercise or purchase price, the time or times when awards may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, any pro
rata adjustment to vesting as a result of a Participant’s transitioning from full- to part-time service (or vice versa), and any restriction or limitation regarding any Option, Optioned Stock, Stock Purchase Right, Restricted Stock or
Restricted Stock Unit Award, based in each case on such factors as the Administrator, in its sole discretion, shall determine; 

(vii) to determine whether and under what circumstances an Option may be settled in cash under Section 9(c) instead of Common
Stock; 
 (viii) to implement an Option Exchange Program on such terms and conditions as the Administrator in its discretion
deems appropriate, provided that no amendment or adjustment to an Option that would materially and adversely affect the rights of any Optionee shall be made without the prior written consent of the Optionee; 

(ix) to adjust the vesting of an Option held by an Employee or Consultant as a result of a change in the terms or conditions under which
such person is providing services to the Company; 
 (x) to construe and interpret the terms of the Plan and Stock Awards
granted under the Plan, which constructions, interpretations and decisions shall be final and binding on all Participants; and 

(xi) in order to fulfill the purposes of the Plan and without amending the Plan, to modify grants of Stock Awards to Participants who
are foreign nationals or employed outside of the United States in order to recognize differences in local law, tax policies or customs. 
 5. Eligibility. 
 (a) Recipients of Grants.
Nonstatutory Stock Options and Stock Purchase Rights and Restricted Stock Unit Awards may be granted to Employees and Consultants. Incentive Stock Options may be granted only to Employees, provided that Employees of Affiliates shall not be eligible
to receive Incentive Stock Options. 
 (b) Type of Option. Each Option shall be designated in the Option Agreement
as either an Incentive Stock Option or a Nonstatutory Stock Option. 
 (c) ISO $100,000 Limitation.
Notwithstanding any designation under Section 5(b), to the extent that the aggregate Fair Market Value of Shares with respect to which Options designated as Incentive Stock Options are exercisable for the first time by any Optionee during
any calendar year (under all plans of the Company or any Parent or Subsidiary) exceeds $100,000, such excess Options shall be treated as Nonstatutory Stock Options. For purposes of 

  
 -6-

 
this Section 5(c), Incentive Stock Options shall be taken into account in the order in which they were granted, and the Fair Market Value of the Shares subject to an Incentive Stock Option
shall be determined as of the date of the grant of such Option. 
 (d) No Employment Rights. The Plan shall not
confer upon any Participant any right with respect to continuation of an employment or consulting relationship with the Company, nor shall it interfere in any way with such Participant’s right or the Company’s right to terminate the
employment or consulting relationship at any time for any reason. 
 6. Term of Plan. The Plan shall become
effective upon its adoption by the Board of Directors. It shall continue in effect for a term of ten (10) years unless sooner terminated under Section 16 of the Plan. 

7. Term of Option. The term of each Option shall be the term stated in the Option Agreement; provided that the term shall
be no more than ten years from the date of grant thereof or such shorter term as may be provided in the Option Agreement and provided further that, in the case of an Incentive Stock Option granted to a person who at the time of such grant is a
Ten Percent Holder, the term of the Option shall be five years from the date of grant thereof or such shorter term as may be provided in the Option Agreement. 
 8. Option Exercise Price and Consideration. 
 (a) Exercise
Price. The per Share exercise price for the Shares to be issued pursuant to exercise of an Option shall be such price as is determined by the Administrator and set forth in the Option Agreement, but shall be subject to the following:

 (i) In the case of an Incentive Stock Option 
 (A) granted to an Employee who at the time of grant is a Ten Percent Holder, the per Share exercise price shall be no less than 110% of the Fair Market Value per Share on the date of grant; or 

(B) granted to any other Employee, the per Share exercise price shall be no less than 100% of the Fair Market Value per Share on the
date of grant. 
 (ii) In the case of a Nonstatutory Stock Option 

(A) granted on any date on which the Common Stock is not a Listed Security to a person who is at the time of grant is a Ten Percent
Holder, the per Share exercise price shall be no less than 110% of the Fair Market Value per Share on the date of grant if required by the Applicable Laws and, if not so required, shall be such price as is determined by the Administrator;

 (B) granted on any date on which the Common Stock is not a Listed Security to any other eligible person, the per Share
exercise price shall be no less than 85% of the Fair Market Value per Share on the date of grant if required by the Applicable Laws and, if not so required, shall be such price as is determined by the Administrator; or 

  
 -7-

 (C) granted on any date on which the Common Stock is a Listed Security to any eligible
person, the per share Exercise Price shall be such price as determined by the Administrator provided that if such eligible person is, at the time of the grant of such Option, a Named Executive of the Company, the per share Exercise Price shall be no
less than 100% of the Fair Market Value on the date of grant if such Option is intended to qualify as performance-based compensation under Section 162(m) of the Code. 
 (iii) Notwithstanding the foregoing, Options may be granted with a per Share exercise price other than as required above pursuant to a merger or other corporate transaction. 

(b) Permissible Consideration. The consideration to be paid for the Shares to be issued upon exercise of an Option,
including the method of payment, shall be determined by the Administrator (and, in the case of an Incentive Stock Option, shall be determined at the time of grant) and may consist entirely of (1) cash; (2) check; (3) subject to any
requirements of the Applicable Laws, delivery of Optionee’s promissory note having such recourse, interest, security and redemption provisions as the Administrator determines to be appropriate; (4) cancellation of indebtedness;
(5) other Shares that have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which the Option is exercised, provided that in the case of Shares acquired, directly or indirectly, from the
Company, such Shares must have been owned by the Optionee for such period as may be required to avoid the Company’s incurring an adverse accounting charge; (6) if, as of the date of exercise of an Option the Company then is permitting
employees to engage in a “same-day sale” cashless brokered exercise program involving one or more brokers, through such a program that complies with the Applicable Laws (including without limitation the requirements of Regulation T and
other applicable regulations promulgated by the Federal Reserve Board) and that ensures prompt delivery to the Company of the amount required to pay the exercise price and any applicable withholding taxes; (7) any combination of the foregoing
methods of payment; or (8) such other consideration and method of payment as determined by the Administrator and to the extent permitted under Applicable Laws. In making its determination as to the type of consideration to accept, the
Administrator shall consider if acceptance of such consideration may be reasonably expected to benefit the Company and the Administrator may, in its sole discretion, refuse to accept a particular form of consideration at the time of any Option
exercise. 
 9. Exercise of Option. 
 (a) General. 
 (i) Exercisability. Any Option granted
hereunder shall be exercisable at such times and under such conditions as determined by the Administrator, consistent with the term of the Plan and reflected in the Option Agreement, including vesting requirements and/or performance criteria with
respect to the Company and/or the Optionee. 

  
 -8-

 (ii) Leave of Absence. The Administrator shall have the discretion to
determine whether and to what extent the vesting of Options shall be tolled during any unpaid leave of absence; provided, however, that in the absence of such determination, vesting of Options shall be tolled during any such unpaid leave (unless
otherwise required by the Applicable Laws). In the event of military leave, vesting shall toll during any unpaid portion of such leave, provided that, upon a Participant’s returning from military leave (under conditions that would entitle him
or her to protection upon such return under the Uniform Services Employment and Reemployment Rights Act), he or she shall be given vesting credit with respect to Options to the same extent as would have applied had the Participant continued to
provide services to the Company throughout the leave on the same terms as he or she was providing services immediately prior to such leave. 
 (iii) Minimum Exercise Requirements. An Option may not be exercised for a fraction of a Share. The Administrator may require that an Option be exercised as to a minimum number of Shares,
provided that such requirement shall not prevent an Optionee from exercising the full number of Shares as to which the Option is then exercisable. 
 (iv) Procedures for and Results of Exercise. An Option shall be deemed exercised when written notice of such exercise has been given to the Company in accordance with the terms of the Option
by the person entitled to exercise the Option and the Company has received full payment for the Shares with respect to which the Option is exercised. Full payment may, as authorized by the Administrator, consist of any consideration and method of
payment allowable under Section 8(b) of the Plan, provided that the Administrator may, in its sole discretion, refuse to accept any form of consideration at the time of any Option exercise. 

Exercise of an Option in any manner shall result in a decrease in the number of Shares that thereafter may be 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. 
 (v)
Rights as Stockholder. Until the issuance of the Shares (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 shall exist with respect to the Optioned Stock, notwithstanding the exercise of the Option. No adjustment will be made for a dividend or other right for which the record date is prior to the date the stock certificate is
issued, except as provided in Section 14 of the Plan. 
 (b) Termination of Employment or Consulting
Relationship. Except as otherwise set forth in this Section 9(b), the Administrator shall establish and set forth in the applicable Option Agreement the terms and conditions upon which an Option shall remain exercisable, if at all,
following termination of an Optionee’s Continuous Service Status, which provisions may be waived or modified by the Administrator at any time. Unless the Administrator otherwise provides in the Option Agreement, to the extent that the Optionee
is not vested in Optioned Stock at the date of termination of his or her Continuous Service Status, or if the Optionee (or other person entitled to exercise the Option) does not exercise the Option to the extent so entitled within the time specified
in the Option Agreement or below (as applicable), the Option shall terminate and the Optioned Stock underlying the unexercised portion of the Option 

  
 -9-

 
shall revert to the Plan. In no event may any Option be exercised after the expiration of the Option term as set forth in the Option Agreement (and subject to Section 7). 

The following provisions (1) shall apply to the extent an Option Agreement does not specify the terms and conditions upon which an
Option shall terminate upon termination of an Optionee’s Continuous Service Status, and (2) establish the minimum post-termination exercise periods that may be set forth in an Option Agreement: 

(i) Termination other than Upon Disability or Death or for Cause. In the event of termination of Optionee’s Continuous
Service Status other than under the circumstances set forth in subsections (ii) through (iv) below, such Optionee may exercise an Option for 90 days following such termination to the extent the Optionee was vested in the Optioned Stock as
of the date of such termination. No termination shall be deemed to occur and this Section 9(b)(i) shall not apply if (i) the Optionee is a Consultant who becomes an Employee, or (ii) the Optionee is an Employee who becomes a
Consultant. 
 (ii) Disability of Optionee. In the event of termination of an Optionee’s Continuous Service
Status as a result of his or her disability (including a disability within the meaning of Section 22(e)(3) of the Code), such Optionee may exercise an Option at any time within twelve months following such termination to the extent the Optionee
was vested in the Optioned Stock as of the date of such termination. 
 (iii) Death of Optionee. In the event of
the death of an Optionee during the period of Continuous Service Status since the date of grant of the Option, or within thirty days following termination of Optionee’s Continuous Service Status, the Option may be exercised by Optionee’s
estate or by a person who acquired the right to exercise the Option by bequest or inheritance at any time within twelve months following the date of death, but only to the extent the Optionee was vested in the Optioned Stock as of the date of death
or, if earlier, the date the Optionee’s Continuous Service Status terminated. 
 (iv) Termination for Cause.
In the event of termination of an Optionee’s Continuous Service Status for Cause, any Option (including any exercisable portion thereof) held by such Optionee shall immediately terminate in its entirety upon first notification to the Optionee
of termination of the Optionee’s Continuous Service Status. If an Optionee’s employment or consulting relationship with the Company is suspended pending an investigation of whether the Optionee shall be terminated for Cause, all the
Optionee’s rights under any Option likewise shall be suspended during the investigation period and the Optionee shall have no right to exercise any Option. 
 (c) Buyout Provisions. The Administrator may at any time offer to buy out for a payment in cash or Shares an Option previously granted under the Plan based on such terms and conditions as
the Administrator shall establish and communicate to the Optionee at the time that such offer is made. 
 10. Stock
Purchase Rights. 

  
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 (a) Rights to Purchase. When the Administrator determines that it will offer
Stock Purchase Rights under the Plan, it shall advise the offeree in writing of the terms, conditions and restrictions related to the offer, including the number of Shares that such person shall be entitled to purchase, the price to be paid, and the
time within which such person must accept such offer. In the case of a Stock Purchase Right granted prior to the date, if any, on which the Common Stock becomes a Listed Security and if required by the Applicable Laws at that time, the purchase
price of Shares subject to such Stock Purchase Rights shall not be less than 85% of the Fair Market Value of the Shares as of the date of the offer, or, in the case of a Ten Percent Holder, the price shall not be less than 100% of the Fair Market
Value of the Shares as of the date of the offer. If the Applicable Laws do not impose the requirements set forth in the preceding sentence and with respect to any Stock Purchase Rights granted after the date, if any, on which the Common Stock
becomes a Listed Security, the purchase price of Shares subject to Stock Purchase Rights shall be as determined by the Administrator. The offer to purchase Shares subject to Stock Purchase Rights shall be accepted by execution of a Restricted Stock
Purchase Agreement in the form determined by the Administrator. 
 (b) Repurchase Option. 

(i) General. Unless the Administrator determines otherwise, the Restricted Stock Purchase Agreement shall grant the
Company a repurchase option exercisable upon the voluntary or involuntary termination of the purchaser’s employment with the Company for any reason (including death or disability). Subject to any requirements of the Applicable Laws (including
without limitation Section 260.140.42(h) of the Rules of the California Corporations Commissioner), the terms of the Company’s repurchase option (including without limitation the price at which, and the consideration for which, it may be
exercised, and the events upon which it shall lapse) shall be as determined by the Administrator in its sole discretion and reflected in the Restricted Stock Purchase Agreement. 

(ii) Leave of Absence. The Administrator shall have the discretion to determine whether and to what extent the lapsing of
Company repurchase rights shall be tolled during any unpaid leave of absence; provided, however, that in the absence of such determination, such lapsing shall be tolled during any such unpaid leave (unless otherwise required by the Applicable Laws).
In the event of military leave, the lapsing of Company repurchase rights shall toll during any unpaid portion of such leave, provided that, upon a Participant’s returning from military leave (under conditions that would entitle him or her to
protection upon such return under the Uniform Services Employment and Reemployment Rights Act), he or she shall be given “vesting” credit with respect to Shares purchased pursuant to the Restricted Stock Purchase Agreement to the same
extent as would have applied had the Participant continued to provide services to the Company throughout the leave on the same terms as he or she was providing services immediately prior to such leave. 

(c) Other Provisions. The Restricted Stock Purchase Agreement shall contain such other terms, provisions and conditions not
inconsistent with the Plan as may be determined by the Administrator in its sole discretion. In addition, the provisions of Restricted Stock Purchase Agreements need not be the same with respect to each purchaser. 

  
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 (d) Rights as a Stockholder. Once the Stock Purchase Right is exercised, the
purchaser shall have the rights equivalent to those of a stockholder, and shall be a stockholder when his or her purchase is entered upon the records of the duly authorized transfer agent of the Company. No adjustment will be made for a dividend or
other right for which the record date is prior to the date the Stock Purchase Right is exercised, except as provided in Section 14 of the Plan. 
 11. Restricted Stock Unit Awards. 
 (a) Restricted Stock Unit
Award Agreement. Each grant of Restricted Stock Unit Awards under the Plan shall be evidenced by a Restricted Stock Unit Award Agreement between the Participant and the Company. Such award shall be subject to all applicable terms and
conditions of the Plan and may be subject to any other terms and conditions which are not inconsistent with the Plan and which the Administrator deems appropriate for inclusion in a Restricted Stock Unit Award Agreement. The provisions of the
various Restricted Stock Unit Award Agreements entered into under the Plan need not be identical. 
 (b) Number of
Shares. Each Restricted Stock Unit Award Agreement shall specify the number of Shares covered by the Restricted Stock Unit Award and shall provide for the adjustment of such number in accordance with Section 14. 

(c) Consideration. At the time of grant of a Restricted Stock Unit Award, the Administrator will determine the
consideration, if any, to be paid by the Participant upon delivery of each share of Common Stock subject to the Restricted Stock Unit Award. The consideration to be paid (if any) by the Participant for each Share of Common Stock subject to a
Restricted Stock Unit Award may be paid in any form of legal consideration that may be acceptable to the Administrator in its sole discretion and permissible under Applicable Laws. 

(d) Vesting. At the time of the grant of a Restricted Stock Unit Award, the Administrator may impose such restrictions or
conditions to the vesting of the Restricted Stock Unit Award as it, in its sole discretion, deems appropriate. 
 (e)
Payment. A Restricted Stock Unit Award may be settled by the delivery of Shares of Common Stock, their cash equivalent, any combination thereof or in any other form of consideration, as determined by the Administrator and contained in
the Restricted Stock Unit Award Agreement. 
 (f) Basic Term. The Restricted Stock Unit Award Agreement shall
specify the term of the Restricted Stock Unit Award. The term shall not exceed ten (10) years from the Date of Grant. Subject to the preceding sentence, the Administrator at its sole discretion shall determine when a Restricted Stock Unit Award is
to expire. 
 (g) Additional Restrictions. At the time of the grant of a Restricted Stock Unit Award, the
Administrator, as it deems appropriate, may impose such restrictions or conditions that delay the delivery of the Shares of Common Stock (or their cash equivalent) subject to a Restricted Stock Unit Award to a time after the vesting of such
Restricted Stock Unit Award. 
 (h) Dividend Equivalents. Dividend equivalents may be credited in respect of
shares of Common Stock covered by a Restricted Stock Unit Award, as determined by the Administrator and contained in the Restricted Stock Unit Award Agreement. At the sole discretion of the Administrator, such dividend equivalents may be converted
into additional Shares of Common Stock covered by the Restricted Stock Unit Award in such manner as determined by the Administrator. Any additional shares covered by the Restricted Stock Unit Award credited by reason of such dividend equivalents
will be subject to all of the same terms and conditions of the underlying Restricted Stock Unit Award Agreement to which they relate. 
 (i) Termination of Service. Except as otherwise provided in the applicable Restricted Stock Unit Award Agreement, such portion of a Restricted Stock Unit Award that has not vested will be
forfeited upon the Participant’s termination of Continuous Service Status. 
 (j) Withholding Taxes. As a
condition to the award, vesting or delivery of Shares subject to the Restricted Stock Unit Award, the Participant shall make such arrangements as the Administrator may require for the satisfaction of any federal, state, local or foreign withholding
tax obligations that may arise in connection with such event. 
 (k) Compliance with Section 409A of the Code.
Notwithstanding anything to the contrary set forth herein, any Restricted Stock Unit Award granted under the Plan that is not exempt from the requirements of Section 409A of the Code shall contain such provisions so that such Restricted Stock Unit
Award will comply with the requirements of Section 409A of the Code. Such restrictions, if any, shall be determined by the Administrator and contained in the Restricted Stock Unit Award Agreement evidencing such Restricted Stock Unit Award. For
example, such restrictions may include, without limitation, a requirement that any Shares of Common Stock that are to be issued in a year following the year in which the Restricted Stock Unit Award vests must be issued in accordance with a fixed
pre-determined schedule. 
 12. Taxes. 
 (a) As a condition of the grant, vesting or exercise of an Option, Stock Purchase Right, or Restricted Stock Unit Award granted under the Plan, the Participant (or in the case of the Participant’s
death, the person exercising the Option or Stock Purchase Right or receiving shares pursuant to a Restricted Stock Unit Award) shall make such arrangements as the Administrator may require for the satisfaction of any applicable federal, state, local
or foreign withholding tax obligations that may arise in connection with such grant, vesting or exercise of the Option or Stock Purchase Right or the issuance of Shares. The Company shall not be required to issue any Shares under the Plan until such
obligations are satisfied. If the Administrator allows the withholding or surrender of Shares to satisfy a Participant’s tax withholding obligations under this Section 12 (whether pursuant to Section 12(c), (d) or (e), or
otherwise), the Administrator shall not allow Shares to be withheld in an amount that exceeds the minimum statutory withholding rates for federal and state tax purposes, including payroll taxes. 

(b) In the case of an Employee and in the absence of any other arrangement, the Employee shall be deemed to have directed the Company to
withhold or collect from his or her compensation an amount sufficient to satisfy such tax obligations from the next payroll payment otherwise payable after the date of an exercise of the Option or Stock Purchase Right or issuance of shares pursuant
to a Restricted Stock Unit Award. 
 (c) This Section 12(c) shall apply only after the date, if any, upon which the Common
Stock becomes a Listed Security. In the case of a Participant other than an Employee (or in the case of an Employee where the next payroll payment is not sufficient to satisfy such tax obligations, with respect to any remaining tax obligations), in
the absence of any other arrangement and to the extent permitted under the Applicable Laws, the Participant shall be deemed to have elected to have the Company withhold from the Shares to be issued upon exercise of the Option or Stock Purchase Right
or upon settlement of a Restricted Stock Unit Award that number of Shares having a Fair Market Value determined as of the applicable Tax Date (as defined below) equal to the amount required to be withheld. For purposes of this Section 12, the
Fair Market Value of the Shares to be withheld shall be determined on the date that the amount of tax to be withheld is to be determined under the Applicable Laws (the “Tax Date”). 

(d) If permitted by the Administrator, in its discretion, a Participant may satisfy his or her tax withholding obligations upon exercise
of an Option or Stock Purchase Right or settlement of a Restricted Stock Unit Award by surrendering to the Company Shares that have a Fair Market Value determined as of the applicable Tax Date equal to the amount required to be withheld. In the case
of shares previously acquired from the Company that are surrendered under this Section 12(d), such Shares must have been owned by the Participant for such period of time as is required for the Company to avoid adverse accounting charges.

  
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 (e) Any election or deemed election by a Participant to have Shares withheld to satisfy tax
withholding obligations under Section 12(c) or (d) above shall be irrevocable as to the particular Shares as to which the election is made and shall be subject to the consent or disapproval of the Administrator. Any election by a
Participant under Section 12(d) above must be made on or prior to the applicable Tax Date. 
 (f) In the event an election
to have Shares withheld is made by a Participant and the Tax Date is deferred under Section 83 of the Code because no election is filed under Section 83(b) of the Code, the Participant shall receive the full number of Shares with respect
to which the Option or Stock Purchase Right is exercised but such Participant shall be unconditionally obligated to tender back to the Company the proper number of Shares on the Tax Date. 

13. Non-Transferability of Stock Awards. 
 (a) General. Except as set forth in this Section 13, Stock Awards may not be sold, pledged, assigned, hypothecated, transferred or disposed of in any manner other than by will or by the
laws of descent or distribution. The designation of a beneficiary by an Optionee will not constitute a transfer. An Option or Stock Purchase Right may be exercised, during the lifetime of the holder of an Option or Stock Purchase Right, only by such
holder or a transferee permitted by this Section 13. 
 (b) Limited Transferability Rights. Notwithstanding
anything else in this Section 13, the Administrator may in its discretion grant Nonstatutory Stock Options that may be transferred by instrument to an inter vivos or testamentary trust in which the Options are to be passed to beneficiaries upon
the death of the trustor (settlor) or by gift or pursuant to domestic relations orders to “Immediate Family Members” (as defined below) of the Optionee. “Immediate Family” means any child, stepchild, grandchild, parent,
stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law (including adoptive relationships), a trust in which these persons have more than
fifty percent of the beneficial interest, a foundation in which these persons (or the Optionee) control the management of assets, and any other entity in which these persons (or the Optionee) own more than fifty percent of the voting interests.

 14. Adjustments Upon Changes in Capitalization, Merger or Certain Other Transactions. 

(a) Changes in Capitalization. Subject to any action required under Applicable Laws by the stockholders of the Company, the
number of Shares of Common Stock covered by each outstanding award, and the number of Shares of Common Stock that have been authorized for issuance under the Plan but as to which no Stock Awards have yet been granted or that have been returned to
the Plan upon cancellation or expiration of a Stock Award, as well as the price per Share of Common Stock covered by each such outstanding Stock Award, shall be proportionately adjusted for any increase or decrease in the number of issued

  
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Shares of Common Stock resulting from a stock split, reverse stock split, stock dividend, combination, recapitalization or reclassification of the Common Stock, or any other increase or decrease
in the number of issued Shares of Common Stock effected without receipt of consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt
of consideration.” Such adjustment shall be made by the Administrator, whose determination in that respect shall be final, binding and conclusive. 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 of Common Stock subject to a Stock Award. 

(b) Dissolution or Liquidation. In the event of the dissolution or liquidation of the Company, each Option and Stock
Purchase Right will terminate immediately prior to the consummation of such action, unless otherwise determined by the Administrator. 
 (c) Corporate Transaction. In the event of a Corporate Transaction (including without limitation a Change of Control), the Board or Committee may, in its discretion, (1) provide for the
assumption or substitution of, or adjustment to, each outstanding Stock Award by the successor corporation or a parent or subsidiary of the successor corporation (the “Successor Corporation”); (2) accelerate the vesting and
termination of outstanding Stock Awards, in whole or in part, so that Options, Stock Purchase Rights and Restricted Stock Unit Awards can be exercised before or otherwise in connection with the closing or completion of the transaction or event but
then terminate; and/or (3) provide for termination of Stock Awards as a result of the Corporate Transaction on such terms and conditions as it deems appropriate, including providing for the cancellation of Stock Awards for a cash payment to the
Participant. The Board or Committee need not provide for identical treatment of each outstanding award. 
 For purposes of this
Section 14(c), a Stock Award shall be considered assumed, without limitation, if, at the time of issuance of the stock or other consideration upon a Corporate Transaction or a Change of Control, as the case may be, each holder of a Stock Award
would be entitled to receive upon exercise of the award the same number and kind of shares of stock or the same amount of property, cash or securities as such holder would have been entitled to receive upon the occurrence of the transaction if the
holder had been, immediately prior to such transaction, the holder of the number of Shares of Common Stock covered by the award at such time (after giving effect to any adjustments in the number of Shares covered by the Stock Award as provided for
in this Section 14); provided that if such consideration received in the transaction is not solely common stock of the Successor Corporation, the Administrator may, with the consent of the Successor Corporation, provide for the consideration to
be received upon exercise of the award to be solely common stock of the Successor Corporation equal to the Fair Market Value of the per Share consideration received by holders of Common Stock in the transaction. 

(d) Certain Distributions. In the event of any distribution to the Company’s stockholders of securities of any other
entity or other assets (other than dividends payable in cash or stock of the Company) without receipt of consideration by the Company, the Administrator may, in its discretion, appropriately adjust the price per Share of Common Stock covered by each
outstanding Stock Award to reflect the effect of such distribution. 

  
 -14-

 15. Time of Granting Stock Awards. The date of grant of a Stock Award shall,
for all purposes, be the date on which the Administrator makes the determination granting such Stock Award, or such other date as is determined by the Administrator, provided that in the case of any Incentive Stock Option, the grant date shall be
the later of the date on which the Administrator makes the determination granting such Incentive Stock Option or the date of commencement of the Optionee’s employment relationship with the Company. Notice of the determination shall be given to
each Employee or Consultant to whom a Stock Award is so granted within a reasonable time after the date of such grant. 
 16.
Amendment and Termination of the Plan. 
 (a) Authority to Amend or Terminate. The Board may at any
time amend, alter, suspend or discontinue the Plan, but no amendment, alteration, suspension or discontinuation (other than an adjustment pursuant to Section 14 above) shall be made that would materially and adversely affect the rights of any
Optionee or holder of Stock Purchase Rights under any outstanding grant, without his or her consent. In addition, to the extent necessary and desirable to comply with the Applicable Laws, the Company shall obtain stockholder approval of any Plan
amendment in such a manner and to such a degree as required. 
 (b) Effect of Amendment or Termination. Except as
to amendments which the Administrator has the authority under the Plan to make unilaterally, no amendment or termination of the Plan shall materially and adversely affect Stock Awards already granted, unless mutually agreed otherwise between the
holder of the Stock Award and the Administrator, which agreement must be in writing and signed by the Stock Award holder and the Company. 
 17. Conditions Upon Issuance of Shares. Notwithstanding any other provision of the Plan or any agreement entered into by the Company pursuant to the Plan, the Company shall not be obligated,
and shall have no liability for failure, to issue or deliver any Shares under the Plan unless such issuance or delivery would comply with the Applicable Laws, with such compliance determined by the Company in consultation with its legal counsel. As
a condition to the exercise of an Option or Stock Purchase Right or the settlement of a Restricted Stock Unit Award, the Company may require the person exercising the award to represent and warrant at the time of any such exercise that the Shares
are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required by law. Shares issued upon exercise of Stock Awards granted
prior to the date on which the Common Stock becomes a Listed Security shall be subject to a right of first refusal in favor of the Company pursuant to which the Participant will be required to offer Shares to the Company before selling or
transferring them to any third party on such terms and subject to such conditions as are reflected in the applicable Option Agreement, Restricted Stock Purchase Agreement or Restricted Stock Unit Agreement. In addition, awards issued prior to the
date on which the Common Stock becomes a Listed Security shall require the Participant to agree to a lock-up agreement in connection with public offerings of the Company’s stock that applies to all capital stock and rights to purchase capital
stock of the Company held by the Participant on such terms and subject to such conditions as are reflected in the applicable Option Agreement, Restricted Stock Purchase Agreement or Restricted Stock Unit Agreement. 

  
 -15-

 18. Reservation of Shares. The Company, during the term of this Plan, will at
all times reserve and keep available such number of Shares as shall be sufficient to satisfy the requirements of the Plan. 

19. Agreements. Options and Stock Purchase Rights shall be evidenced by Option Agreements, Restricted Stock Purchase
Agreements and Restricted Stock Unit Award Agreements, respectively, in such form(s) as the Administrator shall from time to time approve. 
 20. Stockholder Approval. If required by the Applicable Laws, continuance of the Plan shall be subject to approval by the stockholders of the Company within twelve (12) months before or
after the date the Plan is adopted. Such stockholder approval shall be obtained in the manner and to the degree required under the Applicable Laws. 

  
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