Document:

Commitment Letter from UniCredit Bank AG dated March 29, 2011

 Exhibit 10.15 

 

 

 STRICTLY PRIVATE & CONFIDENTIAL 

 

			
	Box Ships Inc.	  	
	c/o AllSeas Marine SA	  	Duplicate
Copy                
	15, Karamanli Str.,	  	
	Voula,	  	
	Athens-Greece	  	

 Attn Mr M. Bodouroglou 

Athens, March 29th, 2011 
 Dear
Sirs, 
 In replacement to our Commitment Letter dated 24th March 2011, we wish to confirm to you in outline form the revised terms and conditions of the loan as follows:

  

			
	 Borrower:
	  	The shipowning company of the Vessel.
		
	 Guarantor:
	  	Box Ships Inc., the holding company of the Borrower.
		
	 Amount:
	  	 •      Borrower’s Option A: up to USD32.800.000,- (US Dollars Thirty Two Million
Eight Hundred Thousand).

		
		  	 •      Borrower’s Option B: up to USD30.000.000,- (US Dollars Thirty
Million).

		
	 Description of the Facility:
	  	A Committed Secured Credit Facility (the “Facility”) available for drawing in US Dollars.
		
	 Purpose:
	  	To finance up to 55% if the Borrower exercises Option A (or up to 51% if the Borrower exercises Option B) of the lower of the purchase price or the market value of m/v Charlotte
Wulff tbr (2006, 4.425teus), (the “Vessel”), timechartered to AP Moller Maersk at USD27.300 net p.d. (the “Approved Charter”).
		
	 Bank/Lender:
	  	UniCredit Bank AG, through a nominated branch.
		
	 Interest Rate:
	  	 •      2,80% p.a. for the period that the Vessel is under the Approved Charter,
otherwise,

		
		  	 •      3% p.a.,

		
		  	over 3, 6, 9 or 12 months LIBOR at the Borrower’s option subject to market availability.
		
		  	Interest shall be payable at least quarterly.
		
		  	The Bank shall have the right of first refusal for any Interest Rate Swap arrangements in respect of the Facility.
		
	 Front Fees:
	  	1,25% on the Amount, 50% payable the earlier of a) upon signing of the Facility documentation or b) on 20th April 2011 and the balance upon drawdown.
		
	 Commitment Fees:
	  	1,25% p.a., non-refundable fee, payable quarterly in arrears, starting upon acceptance of this Commitment Letter, on the undrawn portion of the Facility, during the Availability
Period.

  

					
	 Unicredit Bank AG
 Athens
Branch
  
 A.M.A.E.: 19450/06/8/89/03

A.F.M.: 098050621 D.O.Y.:
F.A.E.E. AqHNWN
 Tel.: +30 210 36-71500
 +30 210 36-40940

Fax: +30 210 36-40063
	 	 Board of Managing Directors:

Dr. Theodor Weimer (Board Spokesman), Peter Buschbeck, Lutz Diederichs,
 Peter Hofbauer, Heinz Laber,
 Andrea Varese, Andreas Wölfer

 
 Chairman of the Supervisory Board:

Sergio Ermotti
	 	 Legal Status: Actiengesellschaft Registered Office: Munich
 Listed in the Court Register:
 Munich HR B421 48

Tax - Id. No.: 143/102/30007
 VAT Reg. No.: DE
129 273 380
  
 www. unicreditgroup.eu

  
 1

			
	

	 	UniCredit Bank
AG                    

 STRICTLY PRIVATE & CONFIDENTIAL 
  

			
	 Prepayment:
	  	Outstanding amount(s) under this Facility may be prepaid in inverse order of maturity, on interest rollover dates only, in one or multiples of the Instalment
amount.
		
	 Interest rate and fee

computation:
	  	Interest, premium, penalties and fees to be calculated on the exact number of days over a 360-day year basis.
		
	 Availability Period:
	  	The Facility will be available for drawdown until
24th June 2011.
		
	 Drawdown:
	  	The Facility will be advanced in one Advance within the Availability Period.
		
	 Repayment Schedule:
	  	 The Facility shall be repayable as follows:

•        If Option A is exercised: in 24 quarterly,
consecutive Instalments, commencing three months from drawdown, as follows:
 - 10x USD 1.030.000 each,
followed by
 - 14x USD750.000 each, plus

- Balloon of USD 12.000.000 payable together with the last Instalment.

•        If Option B is exercised: in 24 equal, quarterly,
consecutive Instalments of USD750.000 each, commencing three months from drawdown, plus Balloon of USD 12.000.000 payable together with the last Instalment.

		
	 Final Maturity Date:
	  	No later than six years after the date of the drawdown or after the end of the Availability Period, whichever occurs first.
		
	 Representations and Warranties:
	  	 Normal for this type of Facility.
 (The obligations of the Lender will be subject to the representations and warranties remaining true and accurate while any commitment remains outstanding).

		
	 Conditions Precedent:
	  	Usual and customary for this type of the Facility, including, but not limited to:
		
		  	 A.      Execution of all securities (incl. the Assignment of the Approved Charter) in favour of the
Lender.

		
		  	 B.      Relevant insurances, satisfactory to the Lender, to be effected in the name of the
Vessel’s Owners.

		
		  	 C.      Successful IPO, raising minimum equity for the Guarantor equal to 100% of the consolidated
debt (incl. undrawn bank commitments).

		
		  	 D.     The Bank or any of its affiliates shall be entitled to act by minimum 5% as a co-managing
underwriter or equivalent, in the scheduled IPO of the Guarantor.

		
		  	 E.      Funds will not be made available to the Borrower if there is a material adverse change in
the financial condition and operation of the Borrower and/or the Guarantor or a material adverse change of circumstances.

  
 2

			
	

	 	UniCredit Bank
AG                    

 STRICTLY PRIVATE & CONFIDENTIAL 
  

			
	 Covenants:
	  	Will include but not be limited to:
		
		  	 A.      The Borrower and/or the Guarantor to provide the Bank with annual audited consolidated
financial statements prepared under US GAAP within 90 days after the end of the Borrower’s and/or the Guarantor’s fiscal year, commencing as of 31st December 2011.

		
		  	 The Borrower and/or the Guarantor to provide the Bank with unaudited consolidated quarterly financial statements within 45 days (but not later than 10
days prior to the declaration of dividends) from the end of each fiscal quarter commencing as of 30th September 2011.

		
		  	 B.      The Borrower and/or the Guarantor to furnish the Bank with information on the Group’s
financial condition as the Bank from time to time may reasonably request; to keep the Bank advised of all major financial developments such as sale or purchase of vessel(s), new loans, refinancing or restructuring of existing loans, contracts for
term employment of vessel(s) and any other Borrowed money.

		
		  	 C.      All banking operations in connection with the Vessel to be carried out through the
Bank.

		
		  	 E.      The Borrower may incur no other debt, nor make loans or advances or issue guarantees to any
other corporation or individual without the prior written consent of the Bank.

		
		  	 F.       Maintenance of current corporate legal and business structure of the Borrower and of
the Guarantor.

		
		  	 G.      The Borrower’s indebtedness under this commitment shall not be subordinated in
priority of payment to any other present or future indebtedness of the Borrower.

		
		  	 H.      The Bank at any time at its own discretion may obtain valuation appraisals of the Vessel,
as described under (I).

		
		  	 I.       At all times the aggregate Fair Market Value of the Vessel shall be no less than 130%
of all outstandings under this Facility. If ratio achieved is lower than 130% but higher than 120%, the Interest margin shall automatically increase to 4,5% p.a. If ratio achieved is lower than 120% this shall constitute an event of
default.

  
 3

			
	
 

	 	UniCredit Bank
AG                    

 STRICTLY PRIVATE & CONFIDENTIAL 
  

			
		  	 The Fair Market Value shall be calculated as the arithmetic mean of two valuation appraisals obtained by the Bank from two approved brokers (Arrow,
BRS, Clarksons, Fearnleys, Platou, SSY, Galbraiths and Gibson), one to be chosen by the Borrower and one to be chosen by the Bank and each valuation appraisal shall be at the expense of the Borrower. If such valuation appraisals differ by more than
15%, a third valuation shall be obtained by an approved broker nominated by the Bank. The Fair Market Value shall then consist of the arithmetic mean of such three valuation appraisals.

		
		  	 Each valuation is to be on the basis of an arm’s length prompt sale of the Vessel, for cash, free of charter and encumbrance and on normal
commercial terms as between a willing seller and a willing buyer.

		
		  	 In case of breach, any excess will be prepaid or secured by cash pledged in favour of the Lender.

		
		  	 J.       No delisting, merger, consolidation or take over of the
Guarantor.

		
		  	 K.      Mr Michael Bodouroglou to remain the Borrower’s CEO and retain a minimum 10%
shareholding in the Guarantor.

		
		  	 L.      Maintenance of current management and ownership of the Vessel.

		
		  	 M.     The Vessel to trade world-wide, except in trading areas prohibited from time to time by the
government of the owning company or the government of the nationality of the officers and crew of the Vessel.

		
		  	 N.      The Borrower and/or the Guarantor undertake that the Vessels\ will not be employed on
period charter for longer than twelve months or on bareboat charter without the prior written consent of the Lender.

		
		  	 O.      On the basis of the audited annual consolidated financial statements and the unaudited
quarterly financial statements of the Guarantor the following Financial Undertakings shall apply to the Guarantor and its subsidiaries (including the Borrower, together the “Group”) and shall be measured at all
times:

  
 4

			
	

	 	UniCredit Bank
AG                    

 STRICTLY PRIVATE & CONFIDENTIAL 
  

			
		  	 a)      The ratio of total debt to EBITDA shall be no greater
than 5.0 to 1.0.
 b)      Minimum Liquidity: The Guarantor shall at all
times maintain cash in an amount which will be the higher of a) USD750.000 per vessel owned or b) six months debt service (capital plus interest). The Minimum Liquidity related to the Vessel shall be maintained at all times on interest bearing
accounts with the Bank.
 c)       The ratio of total liabilities to
market value adjusted total assets shall not be greater than 0.65 to 1.0.
  
 These Financial Undertakings shall be tested on the basis of the quarterly and annual financial statements and shall be accompanied by a compliance certificate detailing all appropriate calculations in
form and substance acceptable to the Bank, prepared and signed by a duly authorized representative of the Guarantor (the “Compliance Certificate”).

		
	 Dividends:
	  	On the basis of the quarterly and annual financial statements, the Guarantor may pay unlimited quarterly dividends, on condition that such payment does not cause any Event of
Default. Dividends remain subject to the Bank’s approval of the Compliance Certificate confirming that there is no Event of Default which is continuing or which will occur as a result of such distribution of dividends. Such Compliance
Certificate to be sent to the Bank 10 days before distribution of dividends (the “Dividend Declaration Date”).
		
	 Events of Default:
	  	Usual Events of Default for a Facility of this nature including without limitation, (a) non payment of principal, (b) non payment of interest, breach of undertakings, (c) breach of
negative covenants, (d) breach of financial covenants, (e) material inaccuracy of representations and warranties, (f) occurrence of a material adverse change, (g) cross default, (h) failure of effectiveness of security documents or guarantees, (i)
unsatisfied uninsured material judgment following final appeal, (j) bankruptcy or insolvency event, or change of control, and (k) early termination of the Approved Charter.
		
	 Security:
	  	 1.       A First Preferred Mortgage over the Vessel duly
registered under a flag acceptable to the Lender.
  
 2.       First assignment of insurances on the Vessel placed with brokers and underwriters acceptable to the Lender to include:

 
 2.a.    Assignment of
insurances (and reinsurances for captive company if applicable) for hull and machinery for the greater of the Fair Market Value of the Vessel or 130% of the outstandings under this Facility.

 
 2.b.    Assignment of
insurances for protection and indemnity.
  
 2.c.    Assignment of insurance for war risks.
  

2.d.    Assignment of such other insurances as the Lender may require from time to
time.

  
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	 	UniCredit Bank
AG                    

 STRICTLY PRIVATE & CONFIDENTIAL 
  

 

			
		
		  	 3.       Mortgagees interest insurance (MII) for at least
120% of outstandings to be placed by the Bank at the Borrower’s expense.
  
 Mortgagees Interest Insurance Additional Perils (MAP) for at least 110% of outstandings to be placed by the Bank at the Borrower’s expense.

 

4.       General Assignment of any and all income of the Vessel.

 

5.       Specific Assignment (incl. the Approved Charter) of any timecharter
employment of the Vessel of eleven months period or longer and Notice of Assignment acknowledged by the respective charterer.
  

6.       Irrevocable and Unconditional Corporate Guarantee of the
Guarantor.
  

7.       Subordination agreement of ALLSEAS MARINE S.A., the managing company
of the Vessel, in form and substance satisfactory to the Bank.
  
 8.       Pledge on the earnings account of the Vessel.
  

9.       An interest bearing pledged retention account is to be maintained
with the Bank and be credited monthly with a proportionate amount of the next instalment (principal plus interest).

		
	 Increased Costs:
	  	In the event of the existing requirements of any central bank, BIS or other competent authority or international convention being changed, or any new requirements being imposed,
such that the overall cost of providing the Facility is increased for the Lender, and/or the return on capital obtained by the Lender in respect of this Facility is reduced, the Borrower and/or the Guarantor will;
		
		  	 A.      Reduce or repay the Facility without penalty, or;

		
		  	 B.      Recompense the Lender for the higher costs/reduced return involved.

		
	 Taxation:
	  	The Borrower will pay principal, interest and fees free and clear of any and all taxes, stamp dues, duties or other levies or charges of any kind whatsoever in favour of any
government, authority or any other legal entity, applicable to this commitment.
		
	 Illegality:
	  	In the event that it becomes illegal for the Lender to lend or maintain its commitment, the Borrower and/or the Guarantor will repay the Lender and/or the commitment will be
cancelled.
		
	 Transferability:
	  	The Lender may transfer its commitment, in part or in whole.
		
	 Governing Law:
	  	English Law.
		
	 Documentation required

prior to drawdown:
	  	 Will include but not be restricted to:
  

1.       Satisfactory documentation and all other security documents (incl.
ISDA Master Agreement and respective Schedule) with terms and conditions acceptable to the Bank drawn up at the Borrower’s expense.

  
 6

			
	
 

	 	UniCredit Bank
AG                    

 STRICTLY PRIVATE & CONFIDENTIAL 
  

 

			
		
		  	 2.       Lender’s, Borrower’s and Guarantor’s
counsels’ opinion that all documentation is legal and binding and that the Borrower and the Guarantor is aware of the documentation’s content.
  

3.       Letters of undertaking of insurance brokers and club
managers.
  

4.       Evidence that the Vessel is classed +100 A1 with Lloyds Register of
Shipping or to a similar standard with another classification society of like standing to be specifically approved by the Bank.
  

5.       Evidence that the trading certificates of the Vessel are valid and in
full force and to remain as such throughout the duration of this Facility.

		
	 Cost and Expenses:
	  	All costs in connection with the above and the subsequent monitoring and control thereof of the Facility, including all legal fees, consultant and surveyor fees are to be borne by
the Borrower.

 This commitment letter is subject to the terms and conditions of the loan agreement, mortgage agreements and all
other instructions and agreements required in form and substance satisfactory to the Bank. 
 If the terms and conditions summarised above are
acceptable to you, please acknowledge so by signing and returning the Duplicate Copy of this letter. 
 This commitment will
expire if this letter has not been returned to the Bank by 20th April 2011. 
  

			
	 Yours faithfully,

UNICREDIT BANK AG

		
	
 

	  	
 

	Anastasia Kerpinioti	  	Pericles Lykoudis
	Director	  	Director
	Global Shipping Athens	  	Global Shipping Athens

  

	
	Accepted by:
	
	  

	Box Ships Inc.
	
	Date:

  
 72011 Equity Incentive Plan

 Exhibit 10.3 
 RESPONSYS, INC. 
 2011 EQUITY INCENTIVE PLAN 

1. PURPOSE. The purpose of this Plan is to provide incentives to attract, retain and motivate eligible persons whose
present and potential contributions are important to the success of the Company, and any Parents and Subsidiaries that exist now or in the future, by offering them an opportunity to participate in the Company’s future performance through the
grant of Awards. Capitalized terms not defined elsewhere in the text are defined in Section 27. 
 2. SHARES SUBJECT
TO THE PLAN. 
 2.1 Number of Shares Available. Subject to Sections 2.6 and 21 and any other applicable
provisions hereof, the total number of Shares reserved and available for grant and issuance pursuant to this Plan as of the date of adoption of the Plan by the Board, is 10,000,000 Shares plus (i) any reserved shares not issued or subject to
outstanding grants under the Company’s 1999 Stock Plan (the “Prior Plan”) on the Effective Date, (ii) shares that are subject to stock options granted under the Prior Plan that cease to be subject to such stock
options after the Effective Date, (iii) shares issued under the Prior Plan before or after the Effective Date pursuant to the exercise of stock options that are, after the Effective Date, forfeited, and (iv) shares issued under the Prior
Plan that are repurchased by the Company at the original issue price. 
 2.2 Lapsed, Returned Awards. Shares subject to
Awards, and Shares issued under the Plan under any Award, will again be available for grant and issuance in connection with subsequent Awards under this Plan to the extent such Shares: (a) are subject to issuance upon exercise of an Option or
SAR granted under this Plan but which cease to be subject to the Option or SAR for any reason other than exercise of the Option or SAR; (b) are subject to Awards granted under this Plan that are forfeited or are repurchased by the Company at
the original issue price; (c) are subject to Awards granted under this Plan that otherwise terminate without such Shares being issued; or (d) are surrendered pursuant to an Exchange Program. To the extent an Award under the Plan is paid
out in cash rather than Shares, such cash payment will not result in reducing the number of Shares available for issuance under the Plan. Shares used to pay the exercise price of an Award or to satisfy the tax withholding obligations related to an
Award will become available for future grant or sale under the Plan. 
 2.3 Minimum Share Reserve. At all times the
Company shall reserve and keep available a sufficient number of Shares as shall be required to satisfy the requirements of all outstanding Awards granted under this Plan. 
 2.4 Automatic Share Reserve Increase. The number of Shares available for grant and issuance under the Plan shall be increased on January 1 of each of 2012 through 2015 by the lesser of
(i) five percent (5%) of the number of Shares issued and outstanding on each December 31 immediately prior to the date of increase, or (ii) such number of Shares determined by the Board. 

2.5 Limitations. No more than 20,000,000 Shares shall be issued pursuant to the exercise of ISOs. 

2.6 Adjustment of Shares. If the number of outstanding Shares is changed by a stock dividend, recapitalization, stock split,
reverse stock split, subdivision, combination, reclassification or similar change in the capital structure of the Company, without consideration, then (a) the number of Shares reserved for issuance and future grant under the Plan set forth in
Section 2.1, (b) the Exercise Prices of and number of Shares subject to outstanding Options and SARs, (c) the number of Shares 

 
subject to other outstanding Awards, (d) the maximum number of shares that may be issued as ISOs set forth in Section 2.5, (e) the maximum number of Shares that may be issued to an
individual or to a new Employee in any one calendar year set forth in Section 3, and (f) the number of Shares that are granted as Awards to Non-Employee Directors as set forth in Section 12, shall be proportionately adjusted, subject
to any required action by the Board or the stockholders of the Company and in compliance with applicable securities laws; provided that fractions of a Share will not be issued. 

3. ELIGIBILITY. ISOs may be granted only to Employees. All other Awards may be granted to Employees, Consultants, Directors
and Non-Employee Directors of the Company or any Parent or Subsidiary of the Company; provided such Consultants, Directors and Non-Employee Directors render bona fide services not in connection with the offer and sale of securities in a
capital-raising transaction. No Participant will be eligible to receive more than 1,000,000 Shares in any calendar year under this Plan pursuant to the grant of Awards except that new Employees of the Company or of a Parent or Subsidiary of the
Company (including new Employees who are also officers and directors of the Company or any Parent or Subsidiary of the Company) are eligible to receive up to a maximum of 2,000,000 Shares in the calendar year in which they commence their employment.

 4. ADMINISTRATION. 
 4.1 Committee Composition; Authority. This Plan will be administered by the Committee or by the Board acting as the Committee. Subject to the general purposes, terms and conditions of this Plan,
and to the direction of the Board, the Committee will have full power to implement and carry out this Plan, except, however, the Board shall establish the terms for the grant of an Award to Non-Employee Directors. The Committee will have the
authority to: 
 (a) construe and interpret this Plan, any Award Agreement and any other agreement or document
executed pursuant to this Plan; 
 (b) prescribe, amend and rescind rules and regulations relating to this Plan
or any Award, or adopt sub-plans or supplements to, or alternative versions of, the Plan or any Award Agreement, including as the Board deems necessary or desirable to comply with the laws of, or to accommodate the tax policies, accounting
principles or customs of, foreign jurisdictions whose citizens may be granted Awards; 
 (c) select persons to
receive Awards; 
 (d) determine the form and terms and conditions, not inconsistent with the terms of the Plan,
of any Award granted hereunder. Such terms and conditions include, but are not limited to, the exercise price, the time or times when Awards may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of
forfeiture restrictions, and any restriction or limitation regarding any Award or the Shares relating thereto, based in each case on such factors as the Committee will determine; 

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

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

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

  
 2 

 (h) grant waivers of Plan or Award conditions; 

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

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

 (k) determine whether an Award has been earned; 

(l) determine the terms and conditions of any, and to institute any Exchange Program; 

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

(n) adjust Performance Factors to take into account changes in law and accounting or tax rules as the Committee deems
necessary or appropriate to reflect the impact of extraordinary or unusual items, events or circumstances to avoid windfalls or hardships provided that such adjustments are consistent with the regulations promulgated under Section 162(m) of the
Code with respect to persons whose compensation is subject to Section 162(m) of the Code; and 
 (o) make
all other determinations necessary or advisable for the administration of this Plan. 
 4.2 Committee Interpretation and
Discretion. Any determination made by the Committee with respect to any Award shall be made in its sole discretion at the time of grant of the Award or, unless in contravention of any express term of the Plan or Award, at any later time, and
such determination shall be final and binding on the Company and all persons having an interest in any Award under the Plan. Any dispute regarding the interpretation of the Plan or any Award Agreement shall be submitted by the Participant or Company
to the Committee for review. The resolution of such a dispute by the Committee shall be final and binding on the Company and the Participant. The Committee may delegate to one or more executive officers the authority to review and resolve disputes
with respect to Awards held by Participants who are not Insiders, and such resolution shall be final and binding on the Company and the Participant. 
 4.3 Section 162(m) of the Code and Section 16 of the Exchange Act. When necessary or desirable for an Award to qualify as “performance-based compensation” under
Section 162(m) of the Code the Committee shall include at least two persons who are “outside directors” (as defined under Section 162(m) of the Code) and at least two (or a majority if more than two then serve on the Committee)
such “outside directors” shall approve the grant of such Award and timely determine (as applicable) the Performance Period and any Performance Factors upon which vesting or settlement of any portion of such Award is to be subject. When
required by Section 162(m) of the Code, prior to settlement of any such Award at least two (or a majority if more than two then serve on the Committee) such “outside directors” then serving on the Committee shall determine and certify
in writing the extent to which such Performance Factors have been timely achieved and the extent to which the Shares subject to such Award have thereby been earned. Awards granted to Participants who are subject to Section 16 of the Exchange
Act must be approved by two or more “non-employee directors” (as defined in the regulations promulgated under Section 16 of the Exchange Act). With respect to Participants whose compensation is subject to Section 162(m) of the
Code, and provided that such adjustments are consistent with the regulations promulgated under Section 162(m) of the Code, the Committee may adjust the performance goals to account for changes in law and accounting and to make such adjustments
as the Committee deems necessary or appropriate to reflect the impact of extraordinary or unusual items, events 

  
 3 

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

5.2 Date of Grant. The date of grant of an Option will be the date on which the Committee makes the determination to grant such
Option, or a specified future date. The Award Agreement and a copy of this Plan will be delivered to the Participant within a reasonable time after the granting of the Option. 
 5.3 Exercise Period. Options may be exercisable within the times or upon the conditions as set forth in the Award Agreement governing such Option; provided, however, that no Option
will be exercisable after the expiration of ten (10) years from the date the Option is granted; and provided further that no ISO granted to a person who, at the time the ISO is granted, directly or by attribution owns more than ten
percent (10%) of the total combined voting power of all classes of stock of the Company or of any Parent or Subsidiary of the Company (“Ten Percent Stockholder”) will be exercisable after the expiration of five
(5) years from the date the ISO is granted. The Committee also may provide for Options to become exercisable at one time or from time to time, periodically or otherwise, in such number of Shares or percentage of Shares as the Committee
determines. 
 5.4 Exercise Price. The Exercise Price of an Option will be determined by the Committee when the Option is
granted; provided that: (i) the Exercise Price of an ISO will be not less than one hundred percent (100%) of the Fair Market Value of the Shares on the date of grant and (ii) the Exercise Price of any ISO granted to a Ten Percent
Stockholder will not be less than one hundred ten percent (110%) of the Fair Market Value of the Shares on the date of grant. Payment for the Shares purchased must be made in accordance with Section 11 and the Award Agreement and in
accordance with any procedures established by the Company. The Exercise Price of a NQSO may not be less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant. 

5.5 Method of Exercise. Any Option granted hereunder will be exercisable according to the terms of the Plan and at such times and
under such conditions as determined by the 

  
 4 

 
Committee and set forth in the Award Agreement. An Option may not be exercised for a fraction of a Share. An Option will be deemed exercised when the Company receives: (i) notice of exercise
(in such form as the Committee may specify from time to time) from the person entitled to exercise the Option, and (ii) full payment for the Shares with respect to which the Option is exercised (together with applicable withholding taxes). Full
payment may consist of any consideration and method of payment authorized by the Committee and permitted by the Award Agreement and the Plan. Shares issued upon exercise of an Option will be issued in the name of the Participant. Until the Shares
are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder will exist with respect to the Shares,
notwithstanding the exercise of the Option. The Company will issue (or cause to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date
the Shares are issued, except as provided in Section 2.6 of the Plan. Exercising an Option in any manner will decrease the number of Shares thereafter available, both for purposes of the Plan and for sale under the Option, by the number of
Shares as to which the Option is exercised. 
 5.6 Termination. The exercise of an Option will be subject to the
following (except as may be otherwise provided in an Award Agreement): 
 (a) If the Participant is Terminated
for any reason except for the Participant’s death or Disability, then the Participant may exercise such Participant’s Options only to the extent that such Options would have been exercisable by the Participant on the Termination Date no
later than three (3) months after the Termination Date (or such shorter time period or longer time period not exceeding five (5) years as may be determined by the Committee, with any exercise beyond three (3) months after the
Termination Date deemed to be the exercise of an NQSO), but in any event no later than the expiration date of the Options. 
 (b) If the Participant is Terminated because of the Participant’s death (or the Participant dies within three (3) months after a Termination other than because of the Participant’s
Disability), then the Participant’s Options may be exercised only to the extent that such Options would have been exercisable by the Participant on the Termination Date and must be exercised by the Participant’s legal representative, or
authorized assignee, no later than twelve (12) months after the Termination Date (or such shorter time period not less than six (6) months or longer time period not exceeding five (5) years as may be determined by the Committee), but
in any event no later than the expiration date of the Options. 
 (c) If the Participant is Terminated because of
the Participant’s Disability, then the Participant’s Options may be exercised only to the extent that such Options would have been exercisable by the Participant on the Termination Date and must be exercised by the Participant (or the
Participant’s legal representative or authorized assignee) no later than twelve (12) months after the Termination Date (with any exercise beyond (a) three (3) months after the Termination Date when the Termination is for a
Disability that is not a “permanent and total disability” as defined in Section 22(e)(3) of the Code, or (b) twelve (12) months after the Termination Date when the Termination is for a Disability that is a
“permanent and total disability” as defined in Section 22(e)(3) of the Code, deemed to be exercise of an NQSO), but in any event no later than the expiration date of the Options. 

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

  
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 5.8 Limitations on ISOs. With respect to Awards granted as ISOs, to the extent that
the aggregate Fair Market Value of the Shares with respect to which such ISOs are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds one hundred thousand
dollars ($100,000), such Options will be treated as NQSOs. For purposes of this Section 5.8, ISOs will be taken into account in the order in which they were granted. The Fair Market Value of the Shares will be determined as of the time the
Option with respect to such Shares is granted. In the event that the Code or the regulations promulgated thereunder are amended after the Effective Date to provide for a different limit on the Fair Market Value of Shares permitted to be subject to
ISOs, such different limit will be automatically incorporated herein and will apply to any Options granted after the effective date of such amendment. 
 5.9 Modification, Extension or Renewal. The Committee may modify, extend or renew outstanding Options and authorize the grant of new Options in substitution therefor, provided that any such action
may not, without the written consent of a Participant, impair any of such Participant’s rights under any Option previously granted. Any outstanding ISO that is modified, extended, renewed or otherwise altered will be treated in accordance with
Section 424(h) of the Code. Subject to Section 18 of this Plan, by written notice to affected Participants, the Committee may reduce the Exercise Price of outstanding Options without the consent of such Participants; provided,
however, that the Exercise Price may not be reduced below the Fair Market Value on the date the action is taken to reduce the Exercise Price. 
 5.10 No Disqualification. Notwithstanding any other provision in this Plan, no term of this Plan relating to ISOs will be interpreted, amended or altered, nor will any discretion or authority
granted under this Plan be exercised, so as to disqualify this Plan under Section 422 of the Code or, without the consent of the Participant affected, to disqualify any ISO under Section 422 of the Code. 

6. RESTRICTED STOCK AWARDS. 
 6.1 Awards of Restricted Stock. A Restricted Stock Award is an offer by the Company to sell to a Participant Shares that are subject to restrictions (“Restricted Stock”).
The Committee will determine to whom an offer will be made, the number of Shares the Participant may purchase, the Purchase Price, the restrictions under which the Shares will be subject and all other terms and conditions of the Restricted
Stock Award, subject to the Plan. 
 6.2 Restricted Stock Purchase Agreement. All purchases under a Restricted
Stock Award will be evidenced by an Award Agreement. Except as may otherwise be provided in an Award Agreement, a Participant accepts a Restricted Stock Award by signing and delivering to the Company an Award Agreement with full payment of the
Purchase Price, within thirty (30) days from the date the Award Agreement was delivered to the Participant. If the Participant does not accept such Award within thirty (30) days, then the offer of such Restricted Stock Award will
terminate, unless the Committee determines otherwise. 
 6.3 Purchase Price. The Purchase Price for a Restricted
Stock Award will be determined by the Committee and may be less than Fair Market Value on the date the Restricted Stock Award is granted. Payment of the Purchase Price must be made in accordance with Section 11 of the Plan, and the Award
Agreement and in accordance with any procedures established by the Company. 
 6.4 Terms of Restricted Stock Awards.
Restricted Stock Awards will be subject to such restrictions as the Committee may impose or are required by law. These restrictions may be based on completion of a specified number of years of service with the Company or upon completion of
Performance Factors, if any, during any Performance Period as set out in advance in the Participant’s 

  
 6 

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

7.2 Terms of Stock Bonus Awards. The Committee will determine the number of Shares to be awarded to the Participant under a Stock
Bonus Award and any restrictions thereon. These restrictions may be based upon completion of a specified number of years of service with the Company or upon satisfaction of performance goals based on Performance Factors during any Performance Period
as set out in advance in the Participant’s Stock Bonus Agreement. Prior to the grant of any Stock Bonus Award the Committee shall: (a) determine the nature, length and starting date of any Performance Period for the Stock Bonus Award;
(b) select from among the Performance Factors to be used to measure performance goals; and (c) determine the number of Shares that may be awarded to the Participant. Performance Periods may overlap and a Participant may participate
simultaneously with respect to Stock Bonus Awards that are subject to different Performance Periods and different performance goals and other criteria. 
 7.3 Form of Payment to Participant. Payment may be made in the form of cash, whole Shares, or a combination thereof, based on the Fair Market Value of the Shares earned under a Stock Bonus Award on
the date of payment, as determined in the sole discretion of the Committee. 
 7.4 Termination of Participation. Except
as may be set forth in the Participant’s Award Agreement, vesting ceases on such Participant’s Termination Date (unless determined otherwise by the Committee). 
 8. STOCK APPRECIATION RIGHTS. 
 8.1 Awards of SARs. A Stock
Appreciation Right (“SAR”) is an award to a Participant that may be settled in cash, or Shares (which may consist of Restricted Stock), having a value equal to (a) the difference between the Fair Market Value on the date
of exercise over the Exercise Price multiplied by (b) the number of Shares with respect to which the SAR is being settled (subject to any maximum number of Shares that may be issuable as specified in an Award Agreement). All SARs shall be made
pursuant to an Award Agreement. 
 8.2 Terms of SARs. The Committee will determine the terms of each SAR including,
without limitation: (a) the number of Shares subject to the SAR; (b) the Exercise Price and the time or times during which the SAR may be settled; (c) the consideration to be distributed on settlement of the SAR; and (d) the
effect of the Participant’s Termination on each SAR. The Exercise Price of the 

  
 7 

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

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

9.1 Awards of Restricted Stock Units. A Restricted Stock Unit (“RSU”) is an award to a Participant
covering a number of Shares that may be settled in cash, or by issuance of those Shares (which may consist of Restricted Stock). All RSUs shall be made pursuant to an Award Agreement. 

9.2 Terms of RSUs. The Committee will determine the terms of an RSU including, without limitation: (a) the number of Shares
subject to the RSU; (b) the time or times during which the RSU may be settled; and (c) the consideration to be distributed on settlement, and the effect of the Participant’s Termination on each RSU. An RSU may be awarded upon
satisfaction of such performance goals based on Performance Factors during any Performance Period as are set out in advance in the Participant’s Award Agreement. If the RSU is being earned upon satisfaction of Performance Factors, then the
Committee will: (x) determine the nature, length and starting date of any Performance Period for the RSU; (y) select from among the Performance Factors to be used to measure the performance, if any; and (z) determine the number of
Shares deemed subject to the RSU. Performance Periods may overlap and participants may participate simultaneously with respect to RSUs that are subject to different Performance Periods and different performance goals and other criteria. 

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

9.4 Termination of Participant. Except as may be set forth in the Participant’s Award Agreement, vesting ceases on such
Participant’s Termination Date (unless determined otherwise by the Committee). 
 10. PERFORMANCE SHARES.

 10.1 Awards of Performance Shares. A Performance Share Award is an award to a Participant denominated in Shares
that may be settled in cash, or by issuance of those Shares (which may consist of Restricted Stock). Grants of Performance Shares shall be made pursuant to an Award Agreement. 
 10.2 Terms of Performance Shares. The Committee will determine, and each Award Agreement shall set forth, the terms of each award of Performance Shares including, without limitation: (a) the
number of Shares deemed subject to such Award; (b) the Performance Factors and Performance Period that shall determine the time and extent to which each award of Performance Shares shall be settled; (c) the consideration to be distributed
on settlement; and (d) the effect of the Participant’s Termination on each award of Performance Shares. In establishing Performance Factors and the Performance Period the Committee will: (x) determine the nature, length and starting
date of any Performance Period; (y) select from among the Performance Factors to be used; and (z) determine the number of Shares deemed subject to the award of Performance Shares. Prior to settlement the Committee shall determine the
extent to which Performance Shares have been earned. Performance Periods may overlap and Participants may participate simultaneously with respect to Performance Shares that are subject to different Performance Periods and different performance goals
and other criteria. 
 10.3 Value, Earning and Timing of Performance Shares. Each Performance Share will have an initial
value equal to the Fair Market Value of a Share on the date of grant. After the applicable Performance Period has ended, the holder of Performance Shares will be entitled to receive a payout of the number of Performance Shares earned by the
Participant over the Performance Period, to be determined as a function of the extent to which the corresponding Performance Factors or other vesting provisions have been achieved. The Committee, in its sole discretion, may pay earned Performance
Shares in the form of cash, in Shares (which have an aggregate Fair Market Value equal to the value of the earned Performance Shares at the close of the applicable Performance Period) or in a combination thereof. 

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

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

 (b) by surrender of shares of the Company held by the Participant that have a Fair Market Value on the date of
surrender equal to the aggregate exercise price of the Shares as to which said Award will be exercised or settled; 
 (c) by waiver of compensation due or accrued to the Participant for services rendered or to be rendered to the Company or a Parent or Subsidiary of the Company; 

(d) by consideration received by the Company pursuant to a broker-assisted or other form of cashless exercise program
implemented by the Company in connection with the Plan; 
 (e) by any combination of the foregoing; or

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

Notwithstanding the foregoing, the Company reserves the right to restrict the methods of payment of the exercise price if necessary to
comply with applicable local law, as determined by the Company in its sole discretion. 
 12. GRANTS TO NON-EMPLOYEE
DIRECTORS. 
 12.1 Types of Awards. Non-Employee Directors are eligible to receive any type of Award offered
under this Plan except ISOs. Awards pursuant to this Section 12 may be automatically made pursuant to policy adopted by the Board, or made from time to time as determined in the discretion of the Board. 

12.2 Eligibility. Awards pursuant to this Section 12 shall be granted only to Non-Employee Directors. A Non-Employee Director
who is elected or re-elected as a member of the Board will be eligible to receive an Award under this Section 12. 
 12.3
Vesting, Exercisability and Settlement. Except as set forth in Section 21, Awards shall vest, become exercisable and be settled as determined by the Board. With respect to Options and SARs, the exercise price granted to Non-Employee
Directors shall not be less than the Fair Market Value of the Shares at the time that such Option or SAR is granted. 
 13.
WITHHOLDING TAXES. 
 13.1 Withholding Generally. Whenever Shares are to be issued in satisfaction of Awards
granted under this Plan, the Company may at its discretion require the Participant to remit to the Company an amount sufficient to satisfy applicable federal, state, local and international withholding tax (including social insurance) requirements
or may, consistent with applicable legal requirements, make appropriate payroll withholdings prior to the delivery of Shares pursuant to exercise or settlement of any Award. The Company shall have no obligation to deliver Shares until all tax
withholding obligations have been satisfied by the Participant. Whenever payments in satisfaction of Awards granted under this Plan are to be made in cash, such payment will be net of an amount sufficient to satisfy applicable federal, state, local
and international withholding tax requirements. 
 13.2 Stock Withholding. The Committee, in its sole discretion and
pursuant to such procedures as it may specify from time to time, may require or permit a Participant to satisfy such tax withholding obligation, in whole or in part by, without limitation: (i) paying cash, (ii) electing to have the

  
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Company withhold otherwise deliverable cash or Shares having a Fair Market Value equal to the minimum statutory amount required to be withheld, or (iii) delivering to the Company
already-owned Shares having a Fair Market Value equal to the minimum amount required to be withheld. The Fair Market Value of the Shares to be withheld or delivered will be determined as of the date that the taxes are required to be withheld.

 14. TRANSFERABILITY. Unless determined otherwise by the Committee, an Award may not be sold, pledged, assigned,
hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution. If the Committee makes an Award transferable, such Award will contain such additional terms and conditions as the Committee deems
appropriate. All Awards shall be exercisable: (i) during the Participant’s lifetime only by (A) the Participant, or (B) the Participant’s guardian or legal representative; and (ii) after the Participant’s death, by
the legal representative of the Participant’s heirs or legatees. 
 15. PRIVILEGES OF STOCK OWNERSHIP; RESTRICTIONS
ON SHARES. 
 15.1 Voting and Dividends. No Participant will have any of the rights of a stockholder with respect
to any Shares until the Shares are issued to the Participant. After Shares are issued to the Participant, the Participant will be a stockholder and have all the rights of a stockholder with respect to such Shares, including the right to vote and
receive all dividends or other distributions made or paid with respect to such Shares; provided, that if such Shares are Restricted Stock, then any new, additional or different securities the Participant may become entitled to receive with
respect to such Shares by virtue of a stock dividend, stock split or any other change in the corporate or capital structure of the Company will be subject to the same restrictions as the Restricted Stock; provided, further, that the
Participant will have no right to retain such stock dividends or stock distributions with respect to Shares that are repurchased at the Participant’s Purchase Price or Exercise Price, as the case may be, pursuant to Section 15.2.

 15.2 Restrictions on Shares. At the discretion of the Committee, the Company may reserve to itself and/or its
assignee(s) a right to repurchase (a “Right of Repurchase”) a portion of any or all Unvested Shares held by a Participant following such Participant’s Termination at any time within ninety (90) days after the later
of the Participant’s Termination Date and the date the Participant purchases Shares under this Plan, for cash and/or cancellation of purchase money indebtedness, at the Participant’s Purchase Price or Exercise Price, as the case may be.

 16. CERTIFICATES. All certificates for Shares or other securities delivered under this Plan will be subject to
such stock transfer orders, legends and other restrictions as the Committee may deem necessary or advisable, including restrictions under any applicable federal, state or foreign securities law, or any rules, regulations and other requirements of
the SEC or any stock exchange or automated quotation system upon which the Shares may be listed or quoted. 
 17. ESCROW;
PLEDGE OF SHARES. To enforce any restrictions on a Participant’s Shares, the Committee may require the Participant to deposit all certificates representing Shares, together with stock powers or other instruments of transfer approved by
the Committee, appropriately endorsed in blank, with the Company or an agent designated by the Company to hold in escrow until such restrictions have lapsed or terminated, and the Committee may cause a legend or legends referencing such restrictions
to be placed on the certificates. Any Participant who is permitted to execute a promissory note as partial or full consideration for the purchase of Shares under this Plan will be required to pledge and deposit with the Company all or part of the
Shares so purchased as collateral to secure the payment of the Participant’s obligation to the Company under the promissory note; provided, however, that the Committee may require or accept other or additional forms of collateral
to secure the payment of such obligation and, in 

  
 11 

 
any event, the Company will have full recourse against the Participant under the promissory note notwithstanding any pledge of the Participant’s Shares or other collateral. In connection
with any pledge of the Shares, the Participant will be required to execute and deliver a written pledge agreement in such form as the Committee will from time to time approve. The Shares purchased with the promissory note may be released from the
pledge on a pro rata basis as the promissory note is paid. 
 18. REPRICING; EXCHANGE AND BUYOUT OF AWARDS.
Without prior stockholder approval the Committee may (i) reprice Options or SARS (and where such repricing is a reduction in the Exercise Price of outstanding Options or SARS, the consent of the affected Participants is not required provided
written notice is provided to them), and (ii) with the consent of the respective Participants (unless not required pursuant to Section 5.9 of the Plan), pay cash or issue new Awards in exchange for the surrender and cancellation of any, or
all, outstanding Awards. 
 19. SECURITIES LAW AND OTHER REGULATORY COMPLIANCE. An Award will not be effective
unless such Award is in compliance with all applicable federal, state and foreign securities laws, rules and regulations of any governmental body, and the requirements of any stock exchange or automated quotation system upon which the Shares may
then be listed or quoted, as they are in effect on the date of grant of the Award and also on the date of exercise or other issuance. Notwithstanding any other provision in this Plan, the Company will have no obligation to issue or deliver
certificates for Shares under this Plan prior to: (a) obtaining any approvals from governmental agencies that the Company determines are necessary or advisable; and/or (b) completion of any registration or other qualification of such
Shares under any state, federal or foreign law or ruling of any governmental body that the Company determines to be necessary or advisable. The Company will be under no obligation to register the Shares with the SEC or to effect compliance with the
registration, qualification or listing requirements of any state securities laws, stock exchange or automated quotation system, and the Company will have no liability for any inability or failure to do so. As a condition to the grant of any Award,
the Company may require the Participant to satisfy any qualifications that may be necessary or appropriate to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect thereto as may be
requested by the Company. 
 20. NO OBLIGATION TO EMPLOY. Nothing in this Plan or any Award granted under this
Plan will confer or be deemed to confer on any Participant any right to continue in the employ of, or to continue any other relationship with, the Company or any Parent or Subsidiary of the Company, provide any employment-related rights, or limit in
any way the right of the Company or any Parent or Subsidiary of the Company to terminate Participant’s employment or other relationship at any time, subject to applicable legal requirements. 

21. CORPORATE TRANSACTIONS. 
 21.1 Assumption or Replacement of Awards by Successor. In the event of a Corporate Transaction any or all outstanding Awards may be assumed or replaced by the successor
corporation, which assumption or replacement shall be binding on all Participants. In the alternative, the successor corporation may substitute equivalent Awards or provide substantially similar consideration to Participants as was provided to
stockholders (after taking into account the existing provisions of the Awards). The successor corporation may also issue, in place of outstanding Shares of the Company held by the Participant, substantially similar shares or other property subject
to repurchase restrictions no less favorable to the Participant. In the event such successor or acquiring corporation (if any) refuses to assume, convert, replace or substitute Awards, as provided above, pursuant to a Corporate Transaction, then
notwithstanding any other provision in this Plan to the contrary, the Board (or, the Committee, if so designated by the Board) may, in its sole discretion, accelerate the vesting of such Awards in connection with a Corporate Transaction. In
addition, in the event such successor or acquiring corporation (if any) 

  
 12 

 
refuses to assume, convert, replace or substitute Awards, as provided above, pursuant to a Corporate Transaction, the Committee will notify the Participant in writing or electronically that such
Award will be exercisable for a period of time determined by the Committee in its sole discretion, and such Award will terminate upon the expiration of such period. Awards need not be treated similarly in a Corporate Transaction. 

21.2 Assumption of Awards by the Company. The Company, from time to time, also may substitute or assume outstanding awards granted
by another company, whether in connection with an acquisition of such other company or otherwise, by either; (a) granting an Award under this Plan in substitution of such other company’s award; or (b) assuming such award as if it had
been granted under this Plan if the terms of such assumed award could be applied to an Award granted under this Plan. Such substitution or assumption will be permissible if the holder of the substituted or assumed award would have been eligible to
be granted an Award under this Plan if the other company had applied the rules of this Plan to such grant. In the event the Company assumes an award granted by another company, the terms and conditions of such award will remain unchanged
(except that the Purchase Price or the Exercise Price, as the case may be, and the number and nature of Shares issuable upon exercise or settlement of any such Award will be adjusted appropriately pursuant to Section 424(a) of the Code).
In the event the Company elects to grant a new Option in substitution rather than assuming an existing option, such new Option may be granted with a similarly adjusted Exercise Price. 

21.3 Non-Employee Directors’ Awards. Notwithstanding any provision to the contrary herein, in the event of a Corporate
Transaction, the vesting of all Awards granted to Non-Employee Directors shall accelerate and such Awards shall become exercisable (as applicable) in full prior to the consummation of such event at such times and on such conditions as the Committee
determines. 
 22. ADOPTION AND STOCKHOLDER APPROVAL. This Plan shall be submitted for the approval of the
Company’s stockholders, consistent with applicable laws, within twelve (12) months before or after the date this Plan is adopted by the Board. 
 23. TERM OF PLAN/GOVERNING LAW. Unless earlier terminated as provided herein, this Plan will become effective on the Effective Date and will terminate ten (10) years from the date this
Plan is adopted by the Board. This Plan and all Awards granted hereunder shall be governed by and construed in accordance with the laws of the State of Delaware. 
 24. AMENDMENT OR TERMINATION OF PLAN. The Board may at any time terminate or amend this Plan in any respect, including, without limitation, amendment of any form of Award Agreement or
instrument to be executed pursuant to this Plan; provided, however, that the Board will not, without the approval of the stockholders of the Company, amend this Plan in any manner that requires such stockholder approval; provided further, that a
Participant’s Award shall be governed by the version of this Plan then in effect at the time such Award was granted. No termination or amendment of the Plan may adversely affect any then outstanding Award without the consent of the Participant,
unless such termination or amendment is required to enable an Option designated as an ISO to qualify as an ISO or is necessary to comply with any applicable law, regulation or rule. 

25. NON-EXCLUSIVITY OF THE PLAN. Neither the adoption of this Plan by the Board, the submission of this Plan to the
stockholders of the Company for approval, nor any provision of this Plan will be construed as creating any limitations on the power of the Board to adopt such additional compensation arrangements as it may deem desirable, including, without
limitation, the granting of stock awards and bonuses otherwise than under this Plan, and such arrangements may be either generally applicable or applicable only in specific cases. 

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

“Award” means any award under the Plan, including any Option, Restricted Stock, Stock Bonus, Stock Appreciation
Right, Restricted Stock Unit or award of Performance Shares. 
 “Award Agreement” means, with respect to
each Award, the written or electronic agreement between the Company and the Participant setting forth the terms and conditions of the Award, which shall be in substantially a form (which need not be the same for each Participant) that the Committee
has from time to time approved, and will comply with and be subject to the terms and conditions of this Plan. 

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

“Code” means the United States Internal Revenue Code of 1986, as amended, and the regulations promulgated
thereunder. 
 “Common Stock” means the common stock of the Company. 

“Committee” means the Compensation Committee of the Board or those persons to whom administration of the Plan, or
part of the Plan, has been delegated as permitted by law. 
 “Company” means Responsys, Inc., or any
successor corporation. 
 “Consultant” means any person, including an advisor or independent contractor,
engaged by the Company or a Parent or Subsidiary to render services to such entity. 
 “Corporate
Transaction” means the occurrence of any of the following events: (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial owner” (as defined in Rule
13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s then-outstanding voting securities; (ii) the consummation
of the sale or disposition by the Company of all or substantially all of the Company’s assets; (iii) the consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would
result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent
(50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation or (iv) any other transaction which qualifies as a
“corporate transaction” under Section 424(a) of the Code wherein the stockholders of the Company give up all of their equity interest in the Company (except for the acquisition, sale or transfer of all or substantially all of the
outstanding shares of the Company). 
 “Director” means a member of the Board. 

“Disability” means total and permanent disability as defined in Section 22(e)(3) of the Code, provided,
however, that except with respect to Awards granted as ISOs, the Committee in its discretion may determine whether a total and permanent disability exists in accordance with non-discriminatory and uniform standards adopted by the Committee from time
to time, whether temporary or permanent, partial 

  
 14 

 
or total, as determined by the Committee. 
 “Effective
Date” means the date of the underwritten initial public offering of the Company’s Common Stock pursuant to a registration statement that is declared effective by the SEC. 

“Employee” means any person, including Officers and Directors, employed by the Company or any Parent or
Subsidiary of the Company. Neither service as a Director nor payment of a director’s fee by the Company will be sufficient to constitute “employment” by the Company. 

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

“Exchange Program” means a program pursuant to which outstanding Awards are surrendered, cancelled or exchanged
for cash, the same type of Award or a different Award (or combination thereof). 
 “Exercise Price”
means, with respect to an Option, the price at which a holder may purchase the Shares issuable upon exercise of an Option and with respect to a SAR, the price at which the SAR is granted to the holder thereof. 

“Fair Market Value” means, as of any date, the value of a share of the Company’s Common Stock determined as
follows: 
 (a) if such Common Stock is publicly traded and is then listed on a national securities exchange, its
closing price on the date of determination on the principal national securities exchange on which the Common Stock is listed or admitted to trading as reported in The Wall Street Journal; 

(b) if such Common Stock is publicly traded but is neither listed nor admitted to trading on a national securities
exchange, the average of the closing bid and asked prices on the date of determination as reported in The Wall Street Journal; 
 (c) in the case of an Option or SAR grant made on the Effective Date, the price per share at which shares of the Company’s Common Stock are initially offered for sale to the public by the
Company’s underwriters in the initial public offering of the Company’s Common Stock pursuant to a registration statement filed with the SEC under the Securities Act; or 

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

“Insider” means an officer or director of the Company or any other person whose transactions in the
Company’s Common Stock are subject to Section 16 of the Exchange Act. 
 “Non-Employee
Director” means a Director who is not an Employee of the Company or any Parent or Subsidiary. 

“Option” means an award of an option to purchase Shares pursuant to Section 5. 

“Parent” means any corporation (other than the Company) in an unbroken chain of corporations ending with the
Company if each of such corporations other than the Company owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. 

  
 15 

 “Participant” means a person who holds an Award under this Plan.

 “Performance Factors” means the factors selected by the Committee, which may include, but are not
limited to, the following measures (whether or not in comparison to other peer companies) to determine whether the performance goals established by the Committee and applicable to Awards have been satisfied: 

 

	 	•	 	 Net revenue and/or net revenue growth; 

  

	 	•	 	 Earnings per share and/or earnings per share growth; 

  

	 	•	 	 Earnings before income taxes and amortization and/or earnings before income taxes and amortization growth; 

 

	 	•	 	 Operating income and/or operating income growth; 

  

	 	•	 	 Net income and/or net income growth; 

  

	 	•	 	 Total stockholder return and/or total stockholder return growth; 

 

	 	•	 	 Return on equity; 

  

	 	•	 	 Operating cash flow return on income; 

  

	 	•	 	 Adjusted operating cash flow return on income; 

  

	 	•	 	 Economic value added; 

  

	 	•	 	 Control of expenses; 

  

	 	•	 	 Cost of goods sold; 

  

	 	•	 	 Profit margin; 

  

	 	•	 	 Stock price; 

  

	 	•	 	 Debt or debt-to-equity; 

  

	 	•	 	 Liquidity; 

  

	 	•	 	 Intellectual property (e.g., patents) or product development; 

 

	 	•	 	 Mergers and acquisitions or divestitures; 

  

	 	•	 	 Individual business objectives; 

  

	 	•	 	 Company specific operational metrics; and 

  

	 	•	 	 Any other factor (such as individual business objectives or unit-specific operational metrics) the Committee so designates.

  
 16 

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

“Performance Share” means an Award granted pursuant to Section 10 or Section 12 of the Plan.

 “Plan” means this Responsys, Inc. 2011 Equity Incentive Plan. 

“Purchase Price” means the price to be paid for Shares acquired under the Plan, other than Shares acquired upon
exercise of an Option or SAR. 
 “Restricted Stock Award” means an award of Shares pursuant to
Section 6 or Section 12 of the Plan, or issued pursuant to the early exercise of an Option. 
 “Restricted
Stock Unit” means an Award granted pursuant to Section 9 or Section 12 of the Plan. 

“SEC” means the United States Securities and Exchange Commission. 

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

“Shares” means shares of the Company’s Common Stock and any successor security. 

“Stock Appreciation Right” means an Award granted pursuant to Section 8 or Section 12 of the Plan.

 “Stock Bonus” means an Award granted pursuant to Section 7 or Section 12 of the Plan.

 “Subsidiary” means any corporation (other than the Company) in an unbroken chain of corporations
beginning with the Company if each of the corporations other than the last corporation in the unbroken chain owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other
corporations in such chain. 
 “Termination” or “Terminated” means, for purposes
of this Plan with respect to a Participant, that the Participant has for any reason ceased to provide services as an employee, officer, director, consultant, independent contractor or advisor to the Company or a Parent or Subsidiary of the Company.
An employee will not be deemed to have ceased to provide services in the case of (i) sick leave, (ii) military leave, or (iii) any other leave of absence approved by the Committee; provided, that such leave is for a period of
not more than 90 days, unless reemployment upon the expiration of such leave is guaranteed by contract or statute or unless provided otherwise pursuant to formal policy adopted from time to time by the Company and issued and promulgated to employees
in writing. In the case of any employee on an approved leave of absence, the Committee may make such provisions respecting suspension of vesting of the Award while on leave from the employ of the Company or a Parent or Subsidiary of the Company as
it may deem appropriate, except that in no event may an Award be exercised after the expiration of the term set forth in the applicable Award Agreement. The Committee will have sole discretion to determine whether a Participant has ceased to provide
services and the effective date on which the Participant ceased to provide services (the “Termination Date”). 
 “Unvested Shares” means Shares that have not yet vested or are subject to a right of repurchase in favor of the Company (or any successor thereto). 

  
 17 

 RESPONSYS, INC. 

2011 EQUITY INCENTIVE PLAN 
 NOTICE OF STOCK OPTION GRANT 
 Unless otherwise defined herein, the terms defined in the
Responsys, Inc. (the “Company”) 2011 Equity Incentive Plan (the “Plan”) shall have the same meanings in this Notice of Stock Option Grant (the “Notice”). 

 

			
	 Name:
	  	______________________________________________________________________________
		
	 Address:
	  	______________________________________________________________________________

 You (“Participant”) have been granted an option to purchase shares of Common Stock of the Company under the Plan subject to the terms and conditions of the Plan, this Notice and
the Stock Option Award Agreement (the “Option Agreement”). 
  

			
	Grant Number:	  	__________________________________________________
		
	Date of Grant:	  	__________________________________________________
		
	Vesting Commencement Date:	  	__________________________________________________
		
	Exercise Price per Share:	  	__________________________________________________
		
	Total Number of Shares:	  	__________________________________________________
		
	Type of Option:	  	_____ Non-Qualified Stock Option (________ shares)
		
		  	_____ Incentive Stock Option (________ shares)
		
	Expiration Date:	  	__________________________________________________
		
	Post-Termination Exercise Period:	  	Termination = 3 Months
		  	Disability = 12 Months
		  	Death = 12 Months
		
	Vesting Schedule:	  	Subject to the limitations set forth in this Notice, the Plan and the Option Agreement, the Option will vest and may be exercised, in whole or in part, in accordance with the
following schedule:
		
		  	[25% of the Option shares upon completion of 12 months of service from the Vesting Commencement Date and the balance in successive equal monthly installments upon completion of
each of the next 36 months of service]

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

									
	PARTICIPANT	 		 	RESPONSYS, INC.
					
	Signature:	 	 	 		 	Signature:	 	 
					
	Print Name:	 	 	 		 	Print Name:	 	 
					
	Date:	 	 	 		 	Title:	 	 
					
		 		 		 	Date:	 	 

  
 2 

 RESPONSYS, INC. 

2011 EQUITY INCENTIVE PLAN 
 STOCK OPTION AWARD AGREEMENT 
 Unless otherwise defined in this Stock Option Award
Agreement (the “Agreement”), any capitalized terms used herein shall have the meaning ascribed to them in the Responsys, Inc. (the “Company”) 2011 Equity Incentive Plan (the
“Plan”). 
 Participant has been granted an option to purchase Shares (the “Option”), subject to
the terms and conditions of the Plan, the Notice of Stock Option Grant (the “Notice”) and this Agreement. 
 1. Vesting Rights. Subject to the applicable provisions of the Plan and this Agreement, this Option may be exercised, in whole or in part, in accordance with the schedule set forth in the
Notice. 
 2. Termination Period. 
 (a) General Rule. Except as provided below, and subject to the Plan, this Option may be exercised for three months after Participant’s Termination with the Company. In no event shall this
Option be exercised later than the Expiration Date set forth in the Notice. 
 (b) Death; Disability. Unless provided
otherwise in the Notice, upon Participant’s Termination by reason of his or her Disability or death, or if Participant dies within three months of the Termination Date, this Option may be exercised for 12 months, provided that in no event shall
this Option be exercised later than the Expiration Date set forth in the Notice. 
 3. Grant of Option.
Participant named in the Notice has been granted an Option for the number of Shares set forth in the Notice at the exercise price per Share set forth in the Notice (the “Exercise Price”). In the event of a conflict between
the terms and conditions of the Plan and the terms and conditions of this Agreement, the terms and conditions of the Plan shall prevail. If designated in the Notice as an Incentive Stock Option (“ISO”), this Option is
intended to qualify as an Incentive Stock Option under Section 422 of the Code. However, if this Option is intended to be an ISO, to the extent that it exceeds the $100,000 rule of Code Section 422(d) it shall be treated as a Nonqualified
Stock Option (“NSO”). 
 4. Exercise of Option. 

(a) Right to Exercise. This Option is exercisable during its term in accordance with the Vesting Schedule set forth in the Notice
and the applicable provisions of the Plan and this Agreement. In the event of Participant’s death, Disability, or Termination, the exercisability of the Option is governed by the applicable provisions of the Plan, the Notice and this Agreement.

 (b) Method of Exercise. This Option is exercisable by delivery of an exercise notice (the “Exercise
Notice”), which shall state the election to exercise the Option, the number of Shares in respect of which the Option is being exercised (the “Exercised Shares”), and such other representations and agreements as
may be required by the Company pursuant to the provisions of the Plan. The Exercise Notice shall be delivered in person, by mail, via electronic mail or facsimile or by other authorized method to the Secretary of the Company or other person
designated by the Company. The Exercise Notice shall be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares. This Option shall be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice
accompanied by such aggregate Exercise Price. 
 (c) No Shares shall be issued pursuant to the exercise of this Option unless
such issuance and exercise complies with all relevant provisions of law and the requirements of any stock exchange or quotation service upon which the Shares are then listed. Assuming such compliance, for

 
income tax purposes the Exercised Shares shall be considered transferred to Participant on the date the Option is exercised with respect to such Exercised Shares. 

5. Method of Payment. Payment of the aggregate Exercise Price shall be by any of the following, or a combination thereof,
at the election of Participant: 
 (a) cash; 
 (b) check; 
 (c) a “broker-assisted” or “same-day sale” (as
described in Section 11(d) of the Plan); or 
 (d) other method authorized by the Company. 

Notwithstanding the foregoing, the Company reserves the right to restrict the methods of payment of the exercise price if necessary to comply with
applicable local law, as determined by the Company in its sole discretion. 
 6. Non-Transferability of Option.
This Option may not be transferred in any manner other than by will or by the laws of descent or distribution or court order and may be exercised during the lifetime of Participant only by Participant unless otherwise permitted by the Committee on a
case-by-case basis. The terms of the Plan and this Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of Participant. 
 7. Term of Option. This Option shall in any event expire on the expiration date set forth in the Notice, which date is 10 years after the Date of Grant (five years after the Date of
Grant if this option is designated as an ISO in the Notice of Stock Option Grant and Section 5.3 of the Plan applies). 

8. U.S. Tax Consequences. For Participants subject to U.S. income tax, some of the federal tax consequences relating to
this Option, as of the date of this Option, are set forth below. All other Participants should consult a tax advisor for tax consequences relating to this Option in their respective jurisdiction. THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX
LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. PARTICIPANT SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THIS OPTION OR DISPOSING OF THE SHARES. 
 (a) Exercising the Option. 
 (i) Nonqualified Stock
Option. Participant may incur federal ordinary income tax liability upon exercise of a NSO. Participant will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market
Value of the Exercised Shares on the date of exercise over their aggregate Exercise Price. If Participant is an Employee or a former Employee, the Company will be required to withhold from his or her compensation an amount equal to the minimum
amount the Company is required to withhold for income and employment taxes or collect from Participant and pay to the applicable taxing authorities an amount in cash equal to a percentage of this compensation income at the time of exercise, and may
refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise. 
 (ii) Incentive Stock Option. If this Option qualifies as an ISO, Participant will have no regular federal income tax liability upon its exercise, although the excess, if any, of the aggregate Fair
Market Value of the Exercised Shares on the date of exercise over their aggregate Exercise Price will be treated as an adjustment to alternative minimum taxable income for federal tax purposes and may subject Participant to alternative minimum tax
in the year of exercise. 

  
 2 

 (b) Disposition of Shares. 

(i) NSO. If Participant holds NSO Shares for at least one year, any gain realized on disposition of the Shares will
be treated as long-term capital gain for federal income tax purposes. 
 (ii) ISO. If Participant holds
ISO Shares for at least one year after exercise and two years after the grant date, any gain realized on disposition of the Shares will be treated as long-term capital gain for federal income tax purposes. If Participant disposes of ISO Shares
within one year after exercise or two years after the grant date, any gain realized on such disposition will be treated as compensation income (taxable at ordinary income rates) to the extent of the excess, if any, of the lesser of (A) the
difference between the Fair Market Value of the Shares acquired on the date of exercise and the aggregate Exercise Price, or (B) the difference between the sale price of such Shares and the aggregate Exercise Price. 

(c) Notice of Disqualifying Disposition of ISO Shares. If Participant sells or otherwise disposes of any of the Shares acquired
pursuant to an ISO on or before the later of (i) two years after the grant date, or (ii) one year after the exercise date, Participant shall immediately notify the Company in writing of such disposition. Participant agrees that he or she
may be subject to income tax withholding by the Company on the compensation income recognized from such early disposition of ISO Shares by payment in cash or out of the current earnings paid to Participant. 

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

11. Compliance with Laws and Regulations. The issuance of Shares will be subject to and conditioned upon compliance by the
Company and Participant with all applicable state and federal laws and regulations and with all applicable requirements of any stock exchange or automated quotation system on which the Company’s Common Stock may be listed or quoted at the time
of such issuance or transfer. The Company reserves the right to impose other requirements on your participation in the Plan, on the Option, and on any shares of Common Stock acquired under the Plan, to the extent the Company determines it is
necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require you to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 

12. Governing Law; Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable
law, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (i) such provision shall be excluded from this Agreement,
(ii) the balance of this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of this Agreement shall be enforceable in accordance with its terms. This Agreement and all acts and transactions pursuant
hereto 

  
 3 

 
and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of Delaware, without giving effect to principles of
conflicts of law. 
 13. No Rights as Employee, Director or Consultant. Nothing in this Agreement shall affect in
any manner whatsoever the right or power of the Company, or a Parent or Subsidiary of the Company, to terminate Participant’s service, for any reason, with or without cause. 

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

  
 4 

 RESPONSYS, INC. 

2011 EQUITY INCENTIVE PLAN 
 NOTICE OF RESTRICTED STOCK UNIT AWARD 
 GRANT NUMBER: 

Unless otherwise defined herein, the terms defined in the Responsys, Inc. (the “Company”) 2011 Equity Incentive Plan (the
“Plan”) shall have the same meanings in this Notice of Restricted Stock Unit Award (the “Notice”). 
  

					
		 	Name:	 	 
			
		 	 Address:
	 	 

 You (“Participant”) have
been granted an award of Restricted Stock Units (“RSUs”) under the Plan subject to the terms and conditions of the Plan, this Notice and the attached Restricted Stock Unit Award Agreement (the “RSU
Agreement”). 
  

					
		 	 Number of RSUs:
	  	__________________________________________
			
		 	 Date of Grant:
	  	__________________________________________
			
		 	 Vesting Commencement Date:
	  	__________________________________________
			
		 	 Expiration Date:
	  	The date on which settlement of all RSUs granted hereunder occurs, with earlier expiration upon the Termination Date
			
		 	 Vesting Schedule:
	  	Subject to the limitations set forth in this Notice, the Plan and the RSU Agreement, the RSUs will vest in accordance with the following schedule:
			
		 		  	[25% of the RSUs upon completion of each 12 months of service from the Vesting Commencement Date]

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

 

					
	PARTICIPANT	 		 	RESPONSYS, INC.
			
	Signature:                            
                                         
               	 		 	Signature:                            
                                         
               
			
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Name:                                        
                                        
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Name:                                        
                                        

			
	Date:                             
                                         
                      	 		 	Title:                            
                                         
                       
			
		 		 	Date:                            
                                         
                       

 RESPONSYS, INC. 

2011 EQUITY INCENTIVE PLAN 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 
 Unless otherwise defined herein, the terms defined
in the Responsys, Inc. (the “Company”) 2011 Equity Incentive Plan (the “Plan”) shall have the same defined meanings in this Restricted Stock Unit Award Agreement (the
“Agreement”). 
 Participant has been granted Restricted Stock Units (“RSUs”) subject to the
terms, restrictions and conditions of the Plan, the Notice of Restricted Stock Unit Award (the “Notice”) and this Agreement. 
 1. Settlement. Settlement of RSUs shall be made within 30 days following the applicable date of vesting under the vesting schedule set forth in the Notice. Settlement of RSUs shall be
in Shares. 
 2. No Stockholder Rights. Unless and until such time as Shares are issued in settlement of vested RSUs, Participant
shall have no ownership of the Shares allocated to the RSUs and shall have no right to dividends or to vote such Shares. 
 3. Dividend
Equivalents. Dividends, if any (whether in cash or Shares), shall not be credited to Participant. 
 4. No Transfer. The
RSUs and any interest therein shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of. 
 5.
Termination. If Participant’s service Terminates for any reason, all unvested RSUs shall be forfeited to the Company forthwith, and all rights of Participant to such RSUs shall immediately terminate. In case of any dispute as to
whether Termination has occurred, the Committee shall have sole discretion to determine whether such Termination has occurred and the effective date of such Termination. 
 6. U.S. Tax Consequences. Participant acknowledges that there will be tax consequences upon settlement of the RSUs or disposition of the Shares, if any, received in connection therewith, and
Participant should consult a tax adviser regarding Participant’s tax obligations prior to such settlement or disposition. Upon vesting of the RSUs, Participant will include in income the fair market value of the Shares subject to the RSUs. The
included amount will be treated as ordinary income by Participant and will be subject to withholding by the Company when required by applicable law. The Company shall be entitled to make appropriate arrangements for the payment by Participant of any
applicable withholding amounts, including Participant’s sale of a portion of the Shares to cover such withholding. In such case, in order to avail himself or herself of Rule 10b5-1 under the Securities Exchange Act of 1934, Participant hereby
elects to sell on each settlement date of the RSUs a sufficient number of Shares to cover any applicable withholding and costs of sale. Alternatively, before any Shares subject to this Agreement are issued, the Company may withhold a number of
Shares with a fair market value (determined on the date the Shares are issued) sufficient to cover any applicable withholding and costs of sale; provided, however, that in the case of settlement of RSUs held by “officers” (as defined under
Rule 16a-1 of the Securities Exchange Act of 1934), such withholding of shares shall have been approved by the Committee prior to such withholding. Upon disposition of the Shares, any subsequent increase or decrease in value will be treated as
short-term or long-term capital gain or loss, depending on whether the Shares are held for more than one year from the date of settlement. Further, an RSU award may be considered a deferral of compensation that may be subject to Section 409A of
the Code. Section 409A of the Code imposes special rules to the timing of making and effecting certain amendments of this RSU with respect to distribution of any deferred compensation. You should consult your personal tax advisor for more
information on the actual and potential tax consequences of this RSU. 
 7. Acknowledgement. The Company and Participant agree
that the RSUs are granted under and governed by the Notice, this Agreement and the provisions of the Plan. Participant: (i) acknowledges receipt of a copy of 

 
the Plan and the Plan prospectus, (ii) represents that Participant has carefully read and is familiar with their provisions, and (iii) hereby accepts the RSUs subject to all of the
terms and conditions set forth herein and those set forth in the Plan and the Notice. 
 8. Entire Agreement; Enforcement of
Rights. This Agreement, the Plan and the Notice constitute the entire agreement and understanding of the parties relating to the subject matter herein and supersede all prior discussions between them. Any prior agreements, commitments or
negotiations concerning the purchase of the Shares hereunder are superseded. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless in writing and signed by the parties to this
Agreement. The failure by either party to enforce any rights under this Agreement shall not be construed as a waiver of any rights of such party. 
 9. Compliance with Laws and Regulations. The issuance of Shares will be subject to and conditioned upon compliance by the Company and Participant with all applicable
state and federal laws and regulations and with all applicable requirements of any stock exchange or automated quotation system on which the Company’s Common Stock may be listed or quoted at the time of such issuance or transfer. The Company
reserves the right to impose other requirements on your participation in the Plan, on the RSUs and on any shares of Common Stock acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local
law or facilitate the administration of the Plan, and to require you to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 
 10. Governing Law; Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such provision in
good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of this Agreement shall be
interpreted as if such provision were so excluded and (iii) the balance of this Agreement shall be enforceable in accordance with its terms. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the
parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of Delaware, without giving effect to principles of conflicts of law. 
 11. No Rights as Employee, Director or Consultant. Nothing in this Agreement shall affect in any manner whatsoever the right or power of the Company, or a Parent or Subsidiary of the
Company, to terminate Participant’s service, for any
reason, with or without cause. 
 By Participant’s signature and the signature of the Company’s representative on the
Notice, Participant and the Company agree that this RSU is granted under and governed by the terms and conditions of the Plan, the Notice and this Agreement. Participant has reviewed the Plan, the Notice and this Agreement in their entirety, has had
an opportunity to obtain the advice of counsel prior to executing this Agreement, and fully understands all provisions of the Plan, the Notice and this Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions or
interpretations of the Committee upon any questions relating to the Plan, the Notice and this Agreement. Participant further agrees to notify the Company upon any change in Participant’s residence address. 

  
 2 

 RESPONSYS, INC. 

2011 EQUITY INCENTIVE PLAN 
 NOTICE OF PERFORMANCE SHARES AWARD 
 GRANT
NUMBER:             
 Unless otherwise defined herein, the terms defined
in the Responsys, Inc. (the “Company”) 2011 Equity Incentive Plan (the “Plan”) shall have the same meanings in this Notice of Performance Shares Award (the “Notice”).

  

					
		 	Name:	 	 
			
		 	 Address:
	 	 

 You (“Participant”) have
been granted an award of Performance Shares under the Plan subject to the terms and conditions of the Plan, this Notice and the attached Performance Shares Award Agreement (hereinafter “Performance Shares Agreement”).

  

					
		 	 Number of Shares:
	  	__________________________
			
		 	 Date of Grant:
	  	__________________________
			
		 	 Vesting Commencement Date:
	  	__________________________
			
		 	 Expiration Date:
	  	The date on which all the Shares granted hereunder become vested, with earlier expiration upon the Termination Date
			
		 	 Vesting Schedule:
	  	Subject to the limitations set forth in this Notice, the Plan and the Performance Shares Agreement, the Shares will vest in accordance with the following
schedule:
			
		 		  	[INSERT VESTING SCHEDULE / PERFORMANCE FACTORS]

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

					
	PARTICIPANT	 		 	RESPONSYS, INC.
			
	Signature:                            
                                         
               	 		 	Signature:                            
                                         
               
			
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Name:                                        
                                        
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Name:                                        
                                        

			
	Date:                             
                                         
                      	 		 	Title:                            
                                         
                       
			
		 		 	Date:                            
                                         
                       

 RESPONSYS, INC. 

2011 EQUITY INCENTIVE PLAN 
 PERFORMANCE SHARES AGREEMENT 
 Unless otherwise defined herein, the terms defined in the
Responsys, Inc. (the “Company”) 2011 Equity Incentive Plan (the “Plan”) shall have the same defined meanings in this Performance Shares Agreement (the “Agreement”). 

Participant has been granted a Performance Shares Award (“Performance Shares Award”) subject to the terms, restrictions and
conditions of the Plan, the Notice of Performance Shares Award (“Notice”) and this Agreement. 
 1.
Settlement. The Performance Shares Award shall be settled in Shares, and the Company’s transfer agent shall record ownership of such Shares in Participant’s name as soon as reasonably practicable after achievement of the
Performance Factors enumerated in the Notice. 
 2. Stockholder Rights. Participant shall have no right to dividends or to vote
Shares until Participant is recorded as the holder of such Shares on the stock records of the Company and its transfer agent. 
 3. No
Transfer. Participant’s interest in this Performance Shares Award shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of. 
 4. Termination. Upon Participant’s Termination for any reason, all of Participant’s rights under the Plan, this Agreement and the Notice in respect of this Award shall immediately
terminate. In case of any dispute as to whether Termination has occurred, the Committee shall have sole discretion to determine whether such Termination has occurred and the effective date of such Termination. 

5. U.S. Tax Consequences. Participant acknowledges that there will be tax consequences upon issuance of the Shares, and Participant should
consult a tax adviser regarding Participant’s tax obligations prior to such settlement or disposition. Upon vesting of the Shares, Participant will include in income the fair market value of the Shares. The included amount will be treated as
ordinary income by Participant and will be subject to withholding by the Company when required by applicable law. Before any Shares subject to this Agreement are issued the Company shall withhold a number of Shares with a fair market value
(determined on the date the Shares are issued) equal to the minimum amount the Company is required to withhold for income and employment taxes. Upon disposition of the Shares, any subsequent increase or decrease in value will be treated as
short-term or long-term capital gain or loss, depending on whether the Shares are held for more than one year from the date of issuance. 

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

7. Entire Agreement; Enforcement of Rights. This Agreement, the Plan and the Notice constitute the entire agreement and understanding of
the parties relating to the subject matter herein and supersede all prior discussions between them. Any prior agreements, commitments or negotiations concerning the purchase of the Shares hereunder are superseded. No modification of or amendment to
this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless in writing and signed by the parties to this Agreement. The failure by either party to enforce any rights under this Agreement shall not be construed as a
waiver of any rights of such party. 

 8. Compliance with Laws and Regulations. The issuance of Shares will be
subject to and conditioned upon compliance by the Company and Participant with all applicable state and federal laws and regulations and with all applicable requirements of any stock exchange or automated quotation system on which the Company’s
Common Stock may be listed or quoted at the time of such issuance or transfer. The Company reserves the right to impose other requirements on your participation in the Plan, on the Performance Shares Award and on any shares of Common Stock acquired
under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require you to sign any additional agreements or undertakings that may be
necessary to accomplish the foregoing. 
 9. Governing Law; Severability. If one or more provisions of this Agreement
are held to be unenforceable under applicable law, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (i) such
provision shall be excluded from this Agreement, (ii) the balance of this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of this Agreement shall be enforceable in accordance with its terms. This
Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of Delaware, without giving effect to principles of
conflicts of law. 
 10. No Rights as Employee, Director or Consultant. Nothing in this Agreement shall affect
in any manner whatsoever the right or power of the Company, or a Parent or Subsidiary of the Company, to terminate
Purchaser’s service, for any reason, with or without
cause. 
 By Participant’s signature and the signature of the Company’s representative on the Notice, Participant and
the Company agree that this Performance Shares Award is granted under and governed by the terms and conditions of the Plan, the Notice and this Agreement. Participant has reviewed the Plan, the Notice and this Agreement in their entirety, has had an
opportunity to obtain the advice of counsel prior to executing this Agreement, and fully understands all provisions of the Plan, the Notice and this Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions or
interpretations of the Committee upon any questions relating to the Plan, the Notice and this Agreement. Participant further agrees to notify the Company upon any change in Participant’s residence address. 

 RESPONSYS, INC. 

2011 EQUITY INCENTIVE PLAN 
 NOTICE OF RESTRICTED STOCK AWARD 
 GRANT NUMBER:
             
 Unless otherwise defined herein, the terms defined in the
Responsys, Inc. (the “Company”) 2011 Equity Incentive Plan (the “Plan”) shall have the same meanings in this Notice of Restricted Stock Award (the “Notice”). 

 

					
		 	Name:	 	 
			
		 	 Address:
	 	 

 You (“Participant”) have
been granted an award of Restricted Shares of Common Stock of Responsys, Inc. under the Plan subject to the terms and conditions of the Plan, this Notice and the attached Restricted Stock Agreement (the “Restricted Stock
Agreement”). 
  

			
	 Total Number of Restricted Shares Awarded:
	  	___________________________________________________
		
	 Fair Market Value per Restricted Share:
	  	$__________________________________________________
		
	 Total Fair Market Value of Award:
	  	$_________________________________________________
		
	 Purchase Price per Restricted Share:
	  	$_________________________________________________
		
	 Total Purchase Price for all Restricted Shares:
	  	$_________________________________________________
		
	 Date of Grant:
	  	__________________________________________________
		
	 Vesting Commencement Date:
	  	___________________________________________________
		
	 Vesting Schedule:
	  	Subject to the limitations set forth in this Notice, the Plan and the Restricted Stock Agreement, the Restricted Shares will vest and the right of repurchase shall lapse, in
whole or in part, in accordance with the following schedule:
		
		  	[INSERT VESTING SCHEDULE]

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

					
	PARTICIPANT	 		 	RESPONSYS, INC.
			
	Signature:                            
                                         
               	 		 	Signature:                            
                                         
               
			
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                      	 		 	Title:                            
                                         
                       
			
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 2 

 RESPONSYS, INC. 

2011 EQUITY INCENTIVE PLAN 
 RESTRICTED STOCK AGREEMENT 
 THIS RESTRICTED STOCK AGREEMENT (this
“Agreement”) is made as of                     ,
20             by and between Responsys, Inc., a Delaware corporation (the “Company”), and
                                 (“Participant”) pursuant
to the Company’s 2011 Equity Incentive Plan (the “Plan”). Unless otherwise defined herein, the terms defined in the Plan shall have the same meanings in this Agreement. 

1. Sale of Stock. Subject to the terms and conditions of this Agreement, on the Purchase Date (as defined below) the
Company will issue and sell to Participant, and Participant agrees to purchase from the Company the number of Shares shown on the Notice of Restricted Stock Award (the “Notice”) at a purchase price of
$             per Share. The per Share purchase price of the Shares shall be not less than the par value of the Shares as of the date of the offer of such Shares to Participant. The
term “Shares” refers to the purchased Shares and all securities received in replacement of or in connection with the Shares pursuant to stock dividends or splits, all securities received in replacement of the Shares in a recapitalization,
merger, reorganization, exchange or the like, and all new, substituted or additional securities or other properties to which Participant is entitled by reason of Participant’s ownership of the Shares. 

2. Time and Place of Purchase. The purchase and sale of the Shares under this Agreement shall occur at the principal office
of the Company simultaneously with the execution of this Agreement by the parties, or on such other date as the Company and Participant shall agree (the “Purchase Date”). On the Purchase Date, the Company will issue in
Participant’s name a stock certificate representing the Shares to be purchased by Participant against payment of the purchase price therefor by Participant by (a) check made payable to the Company, (b) cancellation of indebtedness of
the Company to Participant, (c) Participant’s personal services that the Committee has determined have already been rendered to the Company and have a value not less than aggregate par value of the Shares to be issued Participant, or
(d) a combination of the foregoing. 
 3. Restrictions on Resale. By signing this Agreement, Participant
agrees not to sell any Shares acquired pursuant to the Plan and this Agreement at a time when applicable laws, regulations or Company or underwriter trading policies prohibit exercise or sale. This restriction will apply as long as Participant is
providing service to the Company or a Subsidiary of the Company. 
 3.1 Repurchase Right on Termination. For the
purposes of this Agreement, a “Repurchase Event” shall mean an occurrence of one of the following: 
 (i) termination of Participant’s service, whether voluntary or involuntary and with or without cause; 
 (ii) resignation, retirement or death of Participant; or 

(iii) any attempted transfer by Participant of the Shares, or any interest therein, in violation of this Agreement.

 Upon the occurrence of a Repurchase Event, the Company shall have the right (but not an obligation) to purchase the Shares of Participant at
a price equal to the Purchase Price per Share (the “Repurchase Right”). The Repurchase Right shall lapse in accordance with the vesting schedule set forth in the 

  
 3 

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

3.2 Exercise of Repurchase Right. Unless the Company provides written notice to Participant within 90 days from the date of
termination of Participant’s service to the Company that the Company does not intend to exercise its Repurchase Right with respect to some or all of the Unvested Shares, the Repurchase Right shall be deemed automatically exercised by the
Company as of the 90th day following such termination, provided that the Company may notify Participant that it is exercising its Repurchase Right as of a date prior to such 90th day. Unless Participant is otherwise notified by the Company pursuant
to the preceding sentence that the Company does not intend to exercise its Repurchase Right as to some or all of the Unvested Shares, execution of this Agreement by Participant constitutes written notice to Participant of the Company’s
intention to exercise its Repurchase Right with respect to all Unvested Shares to which such Repurchase Right applies at the time of Termination of Participant. The Company, at its choice, may satisfy its payment obligation to Participant with
respect to exercise of the Repurchase Right by either (A) delivering a check to Participant in the amount of the purchase price for the Unvested Shares being repurchased, or (B) in the event Participant is indebted to the Company,
canceling an amount of such indebtedness equal to the purchase price for the Unvested Shares being repurchased, or (C) by a combination of (A) and (B) so that the combined payment and cancellation of indebtedness equals such purchase
price. In the event of any deemed automatic exercise of the Repurchase Right by canceling an amount of such indebtedness equal to the purchase price for the Unvested Shares being repurchased, such cancellation of indebtedness shall be deemed
automatically to occur as of the 90th day following termination of Participant’s employment or consulting relationship unless the Company otherwise satisfies its payment obligations. As a result of any repurchase of Unvested Shares pursuant to
the Repurchase Right, the Company shall become the legal and beneficial owner of the Unvested Shares being repurchased and shall have all rights and interest therein or related thereto, and the Company shall have the right to transfer to its own
name the number of Unvested Shares being repurchased by the Company, without further action by Participant. 
 3.3
Acceptance of Restrictions. Acceptance of the Shares shall constitute Participant’s agreement to such restrictions and the legending of his or her certificates with respect thereto. Notwithstanding such restrictions, however, so long as
Participant is the holder of the Shares, or any portion thereof, he or she shall be entitled to receive all dividends declared on and to vote the Shares and to all other rights of a stockholder with respect thereto. 

3.4 Non-Transferability of Unvested Shares. In addition to any other limitation on transfer created by applicable
securities laws or any other agreement between the Company and Participant, Participant may not transfer any Unvested Shares, or any interest therein, unless consented to in writing by a duly authorized representative of the Company. Any purported
transfer is void and of no effect, and no purported transferee thereof will be recognized as a holder of the Unvested Shares for any purpose whatsoever. Should such a transfer purport to occur, the Company may refuse to carry out the transfer on its
books, set aside the transfer, or exercise any other legal or equitable remedy. In the event the Company consents to a transfer of Unvested Shares, all transferees of Shares or any interest therein will receive and hold such Shares or interest
subject to the provisions of this Agreement, including, insofar as applicable, the Repurchase Right. In the event of any purchase by the Company hereunder where the Shares or interest are held by a transferee, the transferee shall be obligated, if
requested by the Company, to transfer the Shares or interest to Participant for consideration equal to the amount to be paid by the Company hereunder. In the event the Repurchase Right is deemed exercised by the Company, the Company may deem any
transferee to have transferred the Shares or interest to Participant prior to their purchase by the Company, and payment of the purchase price by the Company to such transferee shall be deemed to satisfy Participant’s obligation to pay such
transferee for such Shares or interest, and also to satisfy the Company’s obligation to pay Participant for such Shares or interest. 

  
 4 

 3.5 Assignment. The Repurchase Right may be assigned by the Company in whole
or in part to any persons or organization. 
 4. Restrictive Legends and Stop Transfer Orders. 

4.1 Legends. The certificate or certificates representing the Shares shall bear the following legend (as well as any
legends required by applicable state and federal corporate and securities laws): 
 THE SHARES REPRESENTED BY THIS CERTIFICATE
MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF AN AGREEMENT BETWEEN THE COMPANY AND THE STOCKHOLDER, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY. 
 4.2 Stop-Transfer Notices. Participant agrees that, in order to ensure compliance with the restrictions referred to herein, the Company may issue appropriate “stop transfer”
instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate notations to the same effect in its own records. 
 4.3 Refusal to Transfer. The Company shall not be required (i) to transfer on its books any Shares that have been sold or otherwise transferred in violation of any of the provisions of
this Agreement or (ii) to treat as the owner or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such Shares shall have been so transferred. 

5. No Rights as Employee, Director or Consultant. Nothing in this Agreement shall affect in any manner
whatsoever the right or power of the Company, or a Parent or Subsidiary of the Company, to terminate
Participant’s service, for any reason, with or
without cause. 
 6. Miscellaneous. 
 6.1 Acknowledgement. The Company and Participant agree that the Restricted Shares are granted under and governed by the Notice, this Agreement and by the provisions of the Plan (incorporated
herein by reference). Participant: (i) acknowledges receipt of a copy of the Plan and the Plan prospectus, (ii) represents that Participant has carefully read and is familiar with their provisions, and (iii) hereby accepts the
Restricted Shares subject to all of the terms and conditions set forth herein and those set forth in the Plan and the Notice. 

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

  
 5 

 
or on the Shares, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require you to sign any
additional agreements or undertakings that may be necessary to accomplish the foregoing. 
 6.4 Governing Law;
Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and
enforceable replacement for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of this
Agreement shall be enforceable in accordance with its terms. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws
of the State of Delaware, without giving effect to principles of conflicts of law. 
 6.5 Construction. This
Agreement is the result of negotiations between and has been reviewed by each of the parties hereto and their respective counsel, if any; accordingly, this Agreement shall be deemed to be the product of all of the parties hereto, and no ambiguity
shall be construed in favor of or against any one of the parties hereto. 
 6.6 Notices. Any notice to be given
under the terms of the Plan shall be addressed to the Company in care of its principal office, and any notice to be given to Participant shall be addressed to such Participant at the address maintained by the Company for such person or at such other
address as Participant may specify in writing to the Company. 
 6.7 Counterparts. This Agreement may be executed
in two or more counterparts, each of which shall he deemed an original and all of which together shall constitute one instrument. 
 6.8 U.S. Tax Consequences. Upon vesting of Shares, Participant will include in taxable income the difference between the fair market value of the vesting Shares, as determined on the date of
their vesting, and the price paid for the Shares. This will be treated as ordinary income by Participant and will be subject to withholding by the Company when required by applicable law. In the absence of an Election (defined below), the Company
shall withhold a number of vesting Shares with a fair market value (determined on the date of their vesting) equal to the minimum amount the Company is required to withhold for income and employment taxes. If Participant makes an Election, then
Participant must, prior to making the Election, pay in cash (or check) to the Company an amount equal to the amount the Company is required to withhold for income and employment taxes. 
 Section 83(b) Election. Participant hereby acknowledges that he or she has been informed that, with respect to the purchase of the Shares, an election may be filed by Participant with the
Internal Revenue Service, within 30 days of the purchase of the Shares, electing pursuant to Section 83(b) of the Code to be taxed currently on any difference between the purchase price of the Shares and their Fair Market Value on the date of
purchase (the “Election”). Making the Election will result in recognition of taxable income to Participant on the date of purchase, measured by the excess, if any, of the Fair Market Value of the Shares over the purchase
price for the Shares. Absent such an Election, taxable income will be measured and recognized by Participant at the time or times on which the Company’s Repurchase Right lapses. Participant is strongly encouraged to seek the advice of his or
her own tax consultants in connection with the purchase of the Shares and the advisability of filing of the Election. PARTICIPANT ACKNOWLEDGES THAT IT IS SOLELY PARTICIPANT’S RESPONSIBILITY, AND NOT THE COMPANY’S RESPONSIBILITY, TO TIMELY
FILE THE ELECTION UNDER SECTION 83(b) OF THE CODE, EVEN IF PARTICIPANT REQUESTS THE COMPANY, OR ITS REPRESENTATIVE, TO MAKE THIS FILING ON PARTICIPANT’S BEHALF. 

  
 6 

 The parties have executed this Agreement as of the date first set forth above. 

 

			
	RESPONSYS, INC.
		
	By:	 	 
		
	Print Name:	 	 
		
	Title:	 	 

  

			
	RECIPIENT:
		
	Signature:	 	 
		
	Print Name:	 	 

  
 7 

 RECEIPT 
 Responsys, Inc. hereby acknowledges receipt of (check as applicable): 
  

	 ̈	A check in the amount of $                     

  

	 ̈	The cancellation of indebtedness in the amount of $
                     

given by                      as consideration
for Certificate No. -              for
                                 shares of Common Stock of Responsys, Inc.

 Dated:                     

  

			
	RESPONSYS, INC.
		
	By:	 	 
		
	Print Name:	 	 
		
	Title:	 	 

 RECEIPT AND CONSENT 

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

			
	Signature	 	 
		
	Please Print Name	 	 

 STOCK POWER AND 

ASSIGNMENT SEPARATE FROM CERTIFICATE 
 FOR VALUE RECEIVED and pursuant to that certain Restricted Stock Agreement dated as of
                                 (the “Agreement”), the
undersigned Participant hereby sells, assigns and transfers unto
                                     ,
             shares of the Common Stock, $0.0001 par value per share, of Responsys, Inc., a Delaware corporation (the “Company”), standing in the
undersigned’s name on the books of the Company represented by Certificate No(s).              delivered herewith, and does hereby irrevocably constitute and appoint the
Secretary of the Company as the undersigned’s attorney-in-fact, with full power of substitution, to transfer said stock on the books of the Company. THIS ASSIGNMENT MAY ONLY BE USED AS AUTHORIZED BY THE AGREEMENT AND ANY EXHIBITS THERETO.

 Dated:                     

  

	
	PARTICIPANT
	
	  
	(Signature)
	
	  
	(Please Print Name)

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

 RESPONSYS, INC. 

2011 EQUITY INCENTIVE PLAN 
 NOTICE OF STOCK APPRECIATION RIGHT AWARD 
 GRANT NUMBER:
             
 Unless otherwise defined herein, the terms defined in the
Responsys, Inc. (the “Company”) 2011 Equity Incentive Plan (the “Plan”) shall have the same meanings in this Notice of Stock Appreciation Right Award (the “Notice”). 

 

					
		 	Name:	 	 
			
		 	 Address:
	 	 

 You (“Participant”) have
been granted an award of Stock Appreciation Rights (“SARs”) of the Company under the Plan subject to the terms and conditions of the Plan, this Notice and the Stock Appreciation Right Award Agreement (the “SAR
Agreement”). 
  

			
	Grant Number:	  	__________________________________________
		
	Date of Grant:	  	__________________________________________
		
	Vesting Commencement Date:	  	__________________________________________
		
	Fair Market Value on Date of Grant:	  	__________________________________________
		
	Total Number of Shares:	  	__________________________________________
		
	Expiration Date:	  	__________________________________________
		
	Post-Termination Exercise Period:	  	 Termination = 3 Months

		  	 Disability = 12 Months

		  	 Death = 12 Months

		
	Vesting Schedule:	  	Subject to the limitations set forth in this Notice, the Plan and the SAR Agreement, the SAR will vest and may be exercised, in whole or in part, in accordance with the following
schedule:

 [INSERT VESTING SCHEDULE] 
 You understand that your employment or consulting relationship or service with the Company is for an unspecified duration, can be terminated at any time (i.e., is “at-will”), and that nothing in
this Notice, the SAR Agreement or the Plan changes the at-will nature of that relationship. You acknowledge that the vesting of the SARs pursuant to this Notice is earned only by continuing service as an Employee, Director or Consultant of the
Company. You also understand that this Notice is subject to the terms and conditions of both the SAR Agreement and the Plan, both of which are incorporated herein by reference. You have read both the SAR Agreement and the Plan. 

 

					
	PARTICIPANT	 		 	RESPONSYS, INC.
			
	Signature:                            
                                         
               	 		 	Signature:                            
                                         
               
			
	Print
Name:                                        
                                        
	 		 	Print
Name:                                        
                                        

			
	Date:                             
                                         
                      	 		 	Title:                            
                                         
                       
			
		 		 	Date:                            
                                         
                       

 RESPONSYS, INC. 

2011 EQUITY INCENTIVE PLAN 
 STOCK APPRECIATION RIGHT AWARD AGREEMENT 
 Unless otherwise defined in this Stock
Appreciation Right Award Agreement (the “Agreement”), any capitalized terms used herein shall have the meaning ascribed to them in the Responsys, Inc. (the “Company”) 2011 Equity Incentive Plan (the
“Plan”). 
 Participant has been granted Stock Appreciation Rights (“SARs”), subject to the
terms and conditions of the Plan, the Notice of Stock Appreciation Right Award (the “Notice”) and this Agreement. 
 1. Vesting Rights. Subject to the applicable provisions of the Plan and this Agreement, this SAR may be exercised, in whole or in part, in accordance with the schedule set forth in the
Notice. 
 2. Termination Period. 
 (a) General Rule. Except as provided below, and subject to the Plan, this SAR may be exercised for 3 months after Participant’s Termination. In no event shall this SAR be exercised later than
the Expiration Date set forth in the Notice. 
 (b) Death; Disability. Unless provided otherwise in the Notice, upon
Participant’s Termination by reason of his or her Disability or death, or if Participant dies within three months of the Termination Date, this SAR may be exercised for twelve months, provided that in no event shall this SAR be exercised later
than the Expiration Date set forth in the Notice. 
 3. Grant of SAR. Participant named in the Notice has been
granted a SAR for the number of Shares set forth in the Notice at the fair market value set forth in the Notice. In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Agreement, the terms and
conditions of the Plan shall prevail. 
 4. Exercise of SAR. 

(a) Right to Exercise. This SAR is exercisable during its term in accordance with the Vesting Schedule set forth in the Notice and
the applicable provisions of the Plan and this Agreement. In the event of Participant’s death, Disability, or Termination, the exercisability of the SAR is governed by the applicable provisions of the Plan, the Notice and this Agreement.

 (b) Method of Exercise. This SAR is exercisable by delivery of an exercise notice (the “Exercise
Notice”), which shall state the election to exercise the SAR, the number of SARs to be exercised (the “Exercised SARs”), and such other representations and agreements as may be required by the Company pursuant to
the provisions of the Plan. The Exercise Notice shall be delivered in person, by mail, via electronic mail or facsimile or by other authorized method to the Secretary of the Company or other person designated by the Company. This SAR shall be deemed
to be exercised upon receipt by the Company of such fully executed Exercise Notice. 
 (c) No Shares shall be issued pursuant to
the exercise of this SAR unless such issuance and exercise complies with all relevant provisions of law and the requirements of any stock exchange or quotation service upon which the Shares are then listed. Assuming such compliance, for income tax
purposes the Exercised Shares shall be considered transferred to Participant on the date the SAR is exercised with respect to such Exercised Shares. The Company reserves the right to restrict the methods of payment of the exercise price if necessary
to comply with applicable local law, as determined by the Company in its sole discretion. 

  
 1 

 5. Non-Transferability of SAR. This SAR may not be transferred in any manner
other than by will or by the laws of descent or distribution or court order and may be exercised during the lifetime of Participant only by Participant unless otherwise permitted by the Committee on a case-by-case basis. The terms of the Plan and
this Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of Participant. 
 6.
Term of SAR. This SAR shall in any event expire on the expiration date set forth in the Notice, which date is 10 years after the Date of Grant. 
 7. U.S. Tax Consequences. For Participants subject to U.S. income tax, some of the federal tax consequences relating to this SAR, as of the date of this SAR, are set forth below. All other
Participants should consult a tax advisor for tax consequences relating to this SAR in their respective jurisdiction. THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. PARTICIPANT SHOULD CONSULT A TAX
ADVISER BEFORE EXERCISING THIS SAR. Participant will incur federal ordinary income tax liability upon exercise of the SAR. Participant will be treated as having received compensation income (taxable at ordinary income tax rates) equal to the excess,
if any, of the Fair Market Value of the Exercised Shares on the date of exercise over their Fair Market Value on the date of grant. If Participant is an Employee or a former Employee, the Company will be required to withhold from his or her
compensation an amount equal to the minimum amount the Company is required to withhold for income and employment taxes or collect from Participant and pay to the applicable taxing authorities an amount in cash equal to a percentage of this
compensation income at the time of exercise, and may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise. If Participant holds the Shares received upon exercise of the SAR
for at least one year, any gain realized on disposition of the Shares will be treated as long-term capital gain for federal income tax purposes. 
 9. Acknowledgement. The Company and Participant agree that the SAR is granted under and governed by the Notice, this Agreement and by the provisions of the Plan (incorporated herein by
reference). Participant: (i) acknowledges receipt of a copy of the Plan and the Plan prospectus, (ii) represents that Participant has carefully read and is familiar with their provisions, and (iii) hereby accepts the SAR subject to
all of the terms and conditions set forth herein and those set forth in the Plan and the Notice. 
 10. Entire Agreement;
Enforcement of Rights. This Agreement, the Plan and the Notice constitute the entire agreement and understanding of the parties relating to the subject matter herein and supersede all prior discussions between them. Any prior agreements,
commitments or negotiations concerning the purchase of the Shares hereunder are superseded. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless in writing and signed by the
parties to this Agreement. The failure by either party to enforce any rights under this Agreement shall not be construed as a waiver of any rights of such party. 
 11. Compliance with Laws and Regulations. The issuance of Shares will be subject to and conditioned upon compliance by the Company and Participant with all applicable state and federal laws
and regulations and with all applicable requirements of any stock exchange or automated quotation system on which the Company’s Common Stock may be listed or quoted at the time of such issuance or transfer. The Company reserves the right to
impose other requirements on your participation in the Plan, on the SARs and on any shares of Common Stock acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the
administration of the Plan, and to require you to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 
 12. Governing Law; Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such provision in good faith.
In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of this Agreement shall be interpreted as if

  
 2 

 
such provision were so excluded and (iii) the balance of this Agreement shall be enforceable in accordance with its terms. This Agreement and all acts and transactions pursuant hereto and
the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of Delaware, without giving effect to principles of conflicts of law. 

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

  
 3 

 RESPONSYS, INC. 

2011 EQUITY INCENTIVE PLAN 
 NOTICE OF STOCK BONUS AWARD 
 GRANT NUMBER:
             
 Unless otherwise defined herein, the terms defined in the
Responsys, Inc. (the “Company”) 2011 Equity Incentive Plan (the “Plan”) shall have the same meanings in this Notice of Stock Bonus Award (the “Notice”). 

 

					
		 	Name:	 	 
			
		 	 Address:
	 	 

 You (“Participant”) have been granted
an award of Shares under the Plan subject to the terms and conditions of the Plan, this Notice, and the attached Stock Bonus Award Agreement (the “Stock Bonus Agreement”) to the Plan. 

 

					
		 	Number of Shares:	  	__________________________________________
			
		 	Date of Grant:	  	__________________________________________
			
		 	Vesting Commencement Date:	  	__________________________________________
			
		 	Expiration Date:	  	The date on which all the Shares granted hereunder become vested, with earlier expiration upon the Termination Date
			
		 	Vesting Schedule:	  	Subject to the limitations set forth in this Notice, the Plan and the Stock Bonus Agreement, the Shares will vest in accordance with the following schedule:
			
		 		  	

 [INSERT VESTING SCHEDULE] 
 You understand that your employment or consulting relationship or service with the Company is for an unspecified duration, can be terminated at any time (i.e., is “at-will”), and that nothing in
this Notice, the Stock Bonus Agreement or the Plan changes the at-will nature of that relationship. You acknowledge that the vesting of the Shares pursuant to this Notice is earned only by continuing service as an Employee, Director or Consultant of
the Company. You also understand that this Notice is subject to the terms and conditions of both the Stock Bonus Agreement and the Plan, both of which are incorporated herein by reference. You have read both the Stock Bonus Agreement and the Plan.

  

					
	PARTICIPANT	 		 	RESPONSYS, INC.
			
	Signature:                            
                                         
               	 		 	Signature:                            
                                         
               
			
	Print
Name:                                        
                                        
	 		 	Print
Name:                                        
                                        

			
	Date:                             
                                         
                      	 		 	Title:                            
                                         
                       
			
		 		 	Date:                            
                                         
                       

 RESPONSYS, INC. 

2011 EQUITY INCENTIVE PLAN 
 STOCK BONUS AWARD AGREEMENT 
 Unless otherwise defined herein, the terms defined in the
Responsys, Inc. (the “Company”) 2011 Equity Incentive Plan (the “Plan”) shall have the same defined meanings in this Stock Bonus Award Agreement (the “Agreement”). 

Participant has been granted a Stock Bonus Award (“Stock Bonus Award”) subject to the terms, restrictions and conditions of the
Plan, the Notice of Stock Bonus Award (the “Notice”) and this Agreement. 
 1. Issuance. Stock Bonus
Awards shall be issued in Shares, and the Company’s transfer agent shall record ownership of such Shares in Participant’s name as soon as reasonably practicable. 
 2. Stockholder Rights. Participant shall have no right to dividends or to vote Shares until Participant is recorded as the holder of such Shares on the stock records of the Company and its
transfer agent. 
 3. No Transfer. Unvested Shares, and unvested Stock Bonus Awards, and any interest in either shall not be sold,
assigned, transferred, pledged, hypothecated, or otherwise disposed of by Participant or any person whose interest derives from Participant’s interest. “Unvested Shares” are Shares that have not yet vested pursuant to
the terms of the vesting schedule set forth in the Notice. 
 4. Termination. Upon Participant’s Termination for any reason,
all Unvested Shares shall immediately be forfeited to the Company, and all rights of Participant to such Unvested Shares shall immediately terminate as of Participant’s Termination Date. In case of any dispute as to whether Termination has
occurred, the Committee shall have sole discretion to determine whether such Termination has occurred and the effective date of such Termination. 
 5. U.S. Tax Consequences. Upon vesting of Shares, Participant will include in taxable income the difference between the fair market value of the vesting Shares, as determined on the date of
their vesting, and the price paid for the Shares. This will be treated as ordinary income by Participant and will be subject to withholding by the Company when required by applicable law. Before any Shares subject to this Agreement are issued the
Company shall withhold a number of Shares with a fair market value (determined on the date the Shares are issued) equal to the minimum amount the Company is required to withhold for income and employment taxes. Upon disposition of the Shares, any
subsequent increase or decrease in value will be treated as short-term or long-term capital gain or loss, depending on whether the Shares are held for more than one year from the date of settlement. 

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

7. Entire Agreement; Enforcement of Rights. This Agreement, the Plan and the Notice constitute the entire agreement and understanding of
the parties relating to the subject matter herein and supersede all prior discussions between them. Any prior agreements, commitments or negotiations concerning the purchase of the Shares hereunder are superseded. No modification of or amendment to
this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless in writing and signed by the parties to this Agreement. The failure by either party to enforce any rights under this Agreement shall not be construed as a
waiver of any rights of such party. 

 8. Compliance with Laws and Regulations. The issuance of Shares will be
subject to and conditioned upon compliance by the Company and Participant with all applicable state and federal laws and regulations and with all applicable requirements of any stock exchange or automated quotation system on which the Company’s
Common Stock may be listed or quoted at the time of such issuance or transfer. The Company reserves the right to impose other requirements on your participation in the Plan, on the Stock Bonus Award and on any shares of Common Stock acquired under
the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require you to sign any additional agreements or undertakings that may be necessary to
accomplish the foregoing. 
 9. Governing Law; Severability. If one or more provisions of this Agreement are held to be
unenforceable under applicable law, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (i) such provision shall be
excluded from this Agreement, (ii) the balance of this Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of this Agreement shall be enforceable in accordance with its terms. This Agreement and all
acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of Delaware, without giving effect to principles of conflicts of law.

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

  
 2

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