Document:

Form of Warrant Confirmation

 Exhibit 10.3 
 THE SECURITIES REPRESENTED HEREBY (THE “WARRANTS”) WERE ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), AND THE WARRANTS MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS THEREOF. 

January [    ], 2010 
  

					
	To:	    	salesforce.com, inc.
		    	The Landmark @ One Market, Suite 300
		    	San Francisco, CA 94105
		    	Attn:	  	
		    	Telephone:	  	415-901-7000
		    	Facsimile:	  	
			
	From:	    	[Dealer]	  	
		    	Attn:	  	[                        ]
		    	Telephone:	  	[                        ]
		    	Facsimile:	  	[                        ]
		
	Re:	    	[Base]1 [Additional]2 Issuer Warrant Transaction
		    	(Transaction Reference Number:
                            )

 Ladies and Gentlemen: 
 The purpose of this communication (this “Confirmation”) is to set forth the terms and conditions of the above-referenced transaction entered into on the Trade Date specified below (the
“Transaction”) between [Dealer] (“Dealer”) and salesforce.com, inc (“Issuer”). This communication constitutes a “Confirmation” as referred to in the ISDA Master Agreement specified
below. 
 1. This Confirmation is subject to, and incorporates, the definitions and provisions of the 2000 ISDA Definitions
(including the Annex thereto) (the “2000 Definitions”) and the definitions and provisions of the 2002 ISDA Equity Derivatives Definitions (the “Equity Definitions”, and together with the 2000 Definitions, the
“Definitions”), in each case as published by the International Swaps and Derivatives Association, Inc. (“ISDA”). In the event of any inconsistency between the 2000 Definitions and the Equity Definitions, the Equity
Definitions will govern. For purposes of the Equity Definitions, each reference herein to a Warrant shall be deemed to be a reference to a Call Option or an Option, as context requires. 
 This Confirmation evidences a complete and binding agreement between Dealer and Issuer as to the terms of the Transaction to which this
Confirmation relates. This Confirmation shall be subject to an agreement (the “Agreement”) in the form of the 2002 ISDA Master Agreement (the “ISDA Form”) as if Dealer and Issuer had executed an agreement in such
form (without any Schedule but with the elections set forth in this Confirmation). For the avoidance of doubt, the Transaction shall be the only transaction under the Agreement. 
 All provisions contained in, or incorporated by reference to, the Agreement will govern this Confirmation except as expressly modified
herein. In the event of any inconsistency between this Confirmation and either the Definitions or the Agreement, this Confirmation shall govern. 
  
  

	1	 Include for confirmation relating to the base convert offering. 

	2	 Include for confirmation relating to the greenshoe convert offering. 

 2. The Transaction is a Warrant Transaction, which shall be considered a Share Option
Transaction for purposes of the Equity Definitions. The terms of the particular Transaction to which this Confirmation relates are as follows: 
  

			
	General Terms:	  	
		
	 Trade Date:
	  	January [    ], 2010
		
	 Effective Date:
	  	January [    ], 2010, or such other date as agreed between the parties, subject to Section 8(o) below.
		
	 Components:
	  	The Transaction will be divided into individual Components, each with the terms set forth in this Confirmation, and, in particular, with the Number of Warrants and Expiration
Date set forth in this Confirmation. The payments and deliveries to be made upon settlement of the Transaction will be determined separately for each Component as if each Component were a separate Transaction under the Agreement.
		
	 Warrant Style:
	  	European
		
	 Warrant Type:
	  	Call
		
	 Seller:
	  	Issuer
		
	 Buyer:
	  	Dealer
		
	 Shares:
	  	The common stock of Issuer, par value USD 0.001 per share (Ticker Symbol: “CRM”).
		
	 Number of Warrants:
	  	For each Component, as provided in Annex A to this Confirmation.
		
	 Warrant Entitlement:
	  	One Share per Warrant
		
	 Strike Price:
	  	USD [                    ]
		
	 Premium:
	  	USD [                    ]
		
	 Premium Payment Date:
	  	The Effective Date
		
	 Exchange:
	  	The New York Stock Exchange
		
	 Related Exchange:
	  	All Exchanges
		
	Procedures for Exercise:	  	
		
	 In respect of any Component:
	  	
		
	 Expiration Time:
	  	Valuation Time
		
	 Expiration Date:
	  	As provided in Annex A to this Confirmation (or, if such date is not a Scheduled Trading Day, the next following Scheduled Trading Day that is not already an Expiration
Date for another Component); provided that if that date is a Disrupted Day, the Expiration Date for such Component shall be the first succeeding Scheduled Trading Day that is not a Disrupted Day and is not or is not deemed to be an Expiration
Date in respect of any other Component of the Transaction hereunder; and provided further that if the Expiration Date has not occurred pursuant to the preceding proviso as of the Final Disruption Date, Dealer may elect in its reasonable
discretion that the Final Disruption Date shall be the Expiration Date (irrespective of whether such date is an Expiration Date in respect of any other Component for the Transaction) and,

  

 2 

			
		  	notwithstanding anything to the contrary in this Confirmation or the Definitions, the Relevant Price for such Expiration Date shall be the prevailing market value per Share
determined by the Calculation Agent in a commercially reasonable manner. “Final Disruption Date” means July 23, 2015. Notwithstanding the foregoing and anything to the contrary in the Equity Definitions, if a Market Disruption
Event occurs on any Expiration Date, the Calculation Agent may reasonably determine that such Expiration Date is a Disrupted Day only in part, in which case (i) the Calculation Agent shall make reasonable adjustments to the Number of Warrants for
the relevant Component for which such day shall be the Expiration Date and shall designate the Scheduled Trading Day determined in the manner described in the immediately preceding sentence as the Expiration Date for the remaining Warrants for such
Component, and (ii) the VWAP Price for such Disrupted Day shall be reasonably determined by the Calculation Agent based on transactions in the Shares on such Disrupted Day taking into account the nature and duration of such Market Disruption Event
on such day. Any day on which the Exchange is scheduled to close prior to its normal closing time shall be considered a Disrupted Day in whole. Section 6.6 of the Equity Definitions shall not apply to any Valuation Date occurring on an Expiration
Date.
		
	 Market Disruption Event:
	  	Section 6.3(a) of the Equity Definitions is hereby amended (A) by deleting the words “during the one hour period that ends at the relevant Valuation Time, Latest Exercise
Time, Knock-in Valuation Time or Knock-out Valuation Time, as the case may be,” in clause (ii) thereof and (B) by replacing the words “or (iii) an Early Closure.” therein with “(iii) an Early Closure, or (iv) a Regulatory
Disruption.”.
		
		  	Section 6.3(d) of the Equity Definitions is hereby amended by deleting the remainder of the provision following the term “Scheduled Closing Time” in the fourth line
thereof.
		
	 Regulatory Disruption:
	  	Any event that Dealer, in its reasonable discretion, determines makes it appropriate with regard to any U.S. federal or state legal, regulatory or self-regulatory requirements or
related policies and procedures, including, without limitation, Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), for Dealer to refrain from or decrease any market activity in connection with
the Transaction. Dealer shall notify Issuer as soon as reasonably practicable (but in no event later than two Scheduled Trading Days after such Regulatory Disruption) that a Regulatory Disruption has occurred and the Expiration Dates affected by it.

		
	 Automatic Exercise:
	  	Applicable; and means that the Number of Warrants for each Component will be deemed to be automatically exercised at the Expiration Time on the Expiration Date for such Component
unless Dealer notifies Seller (by telephone or in writing) prior to the Expiration Time on the Expiration Date that it does not wish Automatic Exercise to occur, in which case Automatic Exercise will not apply.

  

 3 

			
	 Issuer’s Telephone Number and Telex and/or Facsimile Number and Contact Details for purpose of Giving Notice:
	  	To be provided by Issuer.
		
	Settlement Terms:	  	
		
	 In respect of any Component:
	  	
		
	 Settlement Currency:
	  	USD
		
	 Settlement Method Election:
	  	Applicable; provided that (i) Issuer may elect Cash Settlement only if, on or prior to the Settlement Method Election Date, Issuer delivers written notice to Dealer
stating that Issuer has elected that Cash Settlement apply to every Component of the Transaction, (ii) on such notice delivery date, Issuer represents and warrants to Dealer in writing that, as of such notice delivery date, (A) none of Issuer and
its officers or directors, or any person that “controls” (within the meaning of the definition of an “affiliate” under Rule 144 under the Securities Act) any of the foregoing, is aware of any material nonpublic information
regarding Issuer or the Shares, (B) Issuer is electing Cash Settlement in good faith and not as part of a plan or scheme to evade compliance with the federal securities laws, (C) the Issuer is not “insolvent” (as such term is defined under
Section 101(32) of the U.S. Bankruptcy Code (Title 11 of the United States Code) (the “Bankruptcy Code”)), (D) it would be able to purchase the Number of Shares [plus the “Number of Shares”, as defined in the Base Warrant
Confirmation,]3 in compliance with the laws of
Issuer’s jurisdiction or organization, (E) Issuer has the requisite corporate power to make such election and to execute and deliver any documentation relating to such election that it is required by this Confirmation to deliver and to perform
its obligations under this Confirmation and has taken all necessary corporate action to authorize such election, execution, delivery and performance, (F) such election and performance of its obligations under this Confirmation do not violate or
conflict with any law applicable to it, any provision of its constitutional documents, any order or judgment of any court or other agency of government applicable to it or any of its assets or any contractual restriction binding on or affecting it
or any of its assets, and (G) any transaction that Dealer makes with respect to the Shares during the period beginning at the time that Issuer delivers notice of its Cash Settlement election and ending at the close of business on the final day of
the Settlement Period shall be made by Dealer at Dealer’s sole discretion for Dealer’s own account and Issuer shall not have, and shall not attempt to exercise, any influence over how, when, whether or at what price Dealer effects such
transactions, including, without limitation, the prices paid or received by Dealer per Share pursuant to such transactions, or whether such transactions are made on any securities exchange or privately, and (iii) such Settlement Method Election
shall apply to every Component. At any time prior to making a Settlement Method Election, Issuer may, without the consent of Dealer, amend this Confirmation by notice to Dealer to eliminate Issuer’s right to elect Cash Settlement; provided
further that Issuer shall not have the right to elect Cash Settlement if Dealer notifies Issuer that, in the reasonable judgment of Dealer, the election of Cash Settlement or

  
  

	3	 Include for additional warrant confirmation only. 

  

 4 

			
		  	any purchases of Shares that Dealer (or its affiliates) might make in connection therewith, based upon the advice of counsel and as a result of events occurring after the Trade
Date, would raise material risks under applicable securities laws.
		
	 Electing Party:
	  	Issuer
		
	 Settlement Method Election Date:
	  	The third Scheduled Trading Day immediately preceding the scheduled Expiration Date for the Component with the earliest scheduled Expiration Date.
		
	 Default Settlement Method:
	  	Net Share Settlement
		
	 VWAP Price:
	  	For any Valuation Date, the Rule 10b-18 dollar volume weighted average price per Share for such Valuation Date based on transactions executed during such Valuation Date, as
reported on Bloomberg Page “CRM.N<Equity> AQR” (or any successor thereto) or, in the event such price is not so reported on such Valuation Date for any reason or is manifestly incorrect, as reasonably determined by the Calculation
Agent using a volume weighted method.
		
	 Net Share Settlement:
	  	
		
	 Net Share Settlement:
	  	On each Settlement Date, Issuer shall deliver to Dealer a number of Shares equal to the Number of Shares to be Delivered for such Settlement Date to the account specified by
Dealer and cash in lieu of any fractional shares valued at the Relevant Price on the Valuation Date corresponding to such Settlement Date.
		
	 Number of Shares to be Delivered:
	  	In respect of any Exercise Date, subject to the last sentence of Section 9.5 of the Equity Definitions, the product of (i) the number of Warrants exercised or deemed exercised on
such Exercise Date, (ii) the Warrant Entitlement and (iii) (A) the excess, if any, of the VWAP Price on the Valuation Date occurring on such Exercise Date over the Strike Price (or if there is no such excess, zero) divided by (B) such
VWAP Price.
		
		  	The Number of Shares to be Delivered shall be delivered by Issuer to Dealer no later than 12:00 noon (local time in New York City) on the relevant Settlement
Date.
		
	 Settlement Date:
	  	The Settlement Date, determined as if Physical Settlement applied.
		
	 Other Applicable Provisions:
	  	If Net Share Settlement is applicable, the provisions of Sections 9.1(c), 9.8, 9.9, 9.10, 9.11 (except that the Representation and Agreement contained in Section 9.11 of the
Equity Definitions shall be modified by excluding any representations therein relating to restrictions, obligations, limitations or requirements under applicable securities laws arising as a result of the fact that Seller is the Issuer of the
Shares) and 9.12 of the Equity Definitions will be applicable as if “Physical Settlement” applied to the Transaction.
		
	 Cash Settlement:
	  	
		
	 Option Cash Settlement Amount:
	  	For any Exercise Date, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and
(iii) (A) the excess of the VWAP Price on the Valuation Date occurring on such Exercise Date over the Strike Price (or, if there is no such excess, zero).

  

 5 

			
		
	Adjustments:	  	
		
	 In respect of any Component:
	  	
		
	 Method of Adjustment:
	  	Calculation Agent Adjustment; provided that the parties agree that open market Share repurchases at prevailing market prices or accelerated share repurchases, forward
contracts or similar transactions on customary terms (including without limitation any discount to average VWAP prices) shall not be considered Potential Adjustment Events.
		
	 Extraordinary Dividend:
	  	Any Dividend (i) that has an ex-dividend date occurring on or after the Trade Date and on or prior to the date on which Issuer satisfies all of its delivery obligations
hereunder and (ii) the amount or value of which differs from the Ordinary Dividend Amount for such Dividend, as determined by the Calculation Agent.
		
	 Dividend:
	  	Any dividend or distribution on the Shares (other than any dividend or distribution of the type described in Sections 11.2(e)(i), 11.2(e)(ii)(A) or 11.2(e)(ii)(B) of the Equity
Definitions).
		
	 Ordinary Dividend Amount:
	  	USD 0.00.
		
	Extraordinary Events:	  	
		
	 Consequences of Merger Events:
	  	
		
	 (a) Share-for-Share:
	  	Modified Calculation Agent Adjustment
		
	 (b) Share-for-Other:
	  	Cancellation and Payment (Calculation Agent Determination)
		
	 (c) Share-for-Combined:
	  	Cancellation and Payment (Calculation Agent Determination)
		
	 Tender Offer:
	  	Applicable; provided that for purposes of Section 12.3(d) of the Equity Definitions, only in the case of a self-tender by the Issuer, references in the definition of Tender
Offer under the Equity Definitions to 10% shall be replaced with 20%.
		
	 Consequences of Tender Offers:
	  	
		
	 (a) Share-for-Share:
	  	Modified Calculation Agent Adjustment
		
	 (b) Share-for-Other:
	  	Cancellation and Payment (Calculation Agent Determination) on that portion of the Other Consideration that consists of cash; Modified Calculation Agent Adjustment on the remainder
of the Other Consideration.
		
	 (c) Share-for-Combined:
	  	Modified Calculation Agent Adjustment
		
	 Modified Calculation
 Agent Adjustment:
	  	If, in respect of any Merger Event to which Modified Calculation Agent Adjustment applies, the adjustments to be made in accordance with Section 12.2(e)(i) of the Equity Definitions
would result in Issuer being different from the issuer of the Shares, then with respect to such Merger Event, as a condition precedent to the adjustments contemplated in Section 12.2(e)(i) of the Equity Definitions, Dealer, the Issuer of the
Affected Shares and the entity that will be the Issuer of the New Shares shall, prior to the Merger Date, have entered into such documentation containing representations, warranties and agreements relating to securities law and other issues as
requested by Dealer that Dealer has determined, in its reasonable discretion, to be reasonably necessary

  

 6 

			
		  	or appropriate to allow Dealer to continue as a party to the Transaction, as adjusted under Section 12.2(e)(i) of the Equity Definitions, and to preserve its hedging or hedge
unwind activities in connection with the Transaction in a manner compliant with applicable U.S. federal or state legal, regulatory or self-regulatory requirements, or with related policies and procedures applicable to Dealer, and if such conditions
are not met or if the Calculation Agent reasonably determines that no adjustment that it could make under Section 12.2(e)(i) of the Equity Definitions will produce a commercially reasonable result, then the consequences set forth in Section
12.2(e)(ii) of the Equity Definitions shall apply.
		
	 New Shares:
	  	In the definition of New Shares in Section 12.1(i) of the Equity Definitions, the text in clause (i) thereof shall be deleted in its entirety (including the word “and”
following such clause (i)) and replaced with “publicly quoted, traded or listed on any of the New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or their respective successors)”.
		
	 Nationalization, Insolvency or Delisting:
	  	Cancellation and Payment (Calculation Agent Determination); provided that in addition to the provisions of Section 12.6(a)(iii) of the Equity Definitions, it shall also
constitute a Delisting if the Exchange is located in the United States and the Shares are not immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or their
respective successors); if the Shares are immediately re-listed, re-traded or re-quoted on any such exchange or quotation system, such exchange or quotation system shall thereafter be deemed to be the Exchange.
		
	 Additional Disruption Events:
	  	
		
	 (a) Change in Law:
	  	Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended by (i) replacing the phrase “the interpretation” in the third line
thereof with the phrase “or announcement or statement of the formal or informal interpretation”, (ii) immediately following the word “Transaction” in clause (X) thereof, adding the phrase “in the manner contemplated by
Hedging Party on the Trade Date” and (iii) clause (Y) thereof shall be deleted in its entirety.
		
	 (b) Failure to Deliver:
	  	Not Applicable
		
	 (c) Insolvency Filing:
	  	Applicable
		
	 (d) Hedging Disruption:
	  	Not Applicable
		
	 (e) Increased Cost of Hedging:
	  	Applicable
		
	 (f) Loss of Stock Borrow:
	  	Applicable
		
	      Maximum Stock Loan Rate:
	  	2.00%
		
	 (g) Increased Cost of Stock      Borrow:
	  	Applicable
		
	      Initial Stock Loan Rate:
	  	0.50%
		
	 Hedging Party:
	  	Dealer for all applicable Potential Adjustment Events and Extraordinary Events
		
	 Determining Party:
	  	Dealer for all applicable Extraordinary Events

  

 7 

					
	 Non-Reliance:
	  	Applicable	  	
			
	 Agreements and Acknowledgments
 Regarding Hedging Activities:
	  	Applicable	  	
			
	 Additional Acknowledgments:
	  	Applicable	  	
			
	 3. Calculation Agent:
	  	Dealer; provided that all determinations made by the Calculation Agent shall be made in a good faith and in a commercially reasonable manner. Following any calculation by
the Calculation Agent hereunder, upon a prior written request by Issuer, the Calculation Agent will provide to Issuer by e-mail to the e-mail address provided by Issuer in such prior written request a report (in a commonly used file format for the
storage and manipulation of financial data) displaying in reasonable detail the basis for such calculation; provided, however, that in no event will Dealer be obligated to share with Issuer any proprietary models used by it or any
other party.	  	
			
	 4. Account Details:
	  		  	
			
	 Dealer Payment Instructions:
	  	[                    ]	  	
		  	SWIFT:
[                            ]	  	
		  	Bank Routing:
[                            ]	  	
		  	Account Name:
[                            ]	  	
		  	Account No. :
[                            ]	  	
			
	 Issuer Payment Instructions:
	  	To be provided by Issuer.	  	

					
			
	 5. Offices:
	  		  	
	
	 The Office of Dealer for the Transaction is: New York

			
	 [Dealer]
	  		  	
			
	 Attention:
	  	[                    ]	  	
	 Telephone:
	  	[                    ]	  	
	 Facsimile:
	  	[                    ]	  	
	
	 The Office of Issuer for the Transaction is: Not Applicable

	
	 6. Notices: For purposes of this Confirmation:

	
	 (a) Address for notices or communications to Issuer:

		
	 To:
	  	salesforce.com, inc.
		  	The Landmark @ One Market, Suite 300
		  	San Francisco, CA 94105
	 Attn:
	  	[                    ]	  	
	 Telephone:
	  	415-901-7000	  	
	 Facsimile:
	  	[                    ]	  	
	
	 (b) Address for notices or communications to Dealer:

			
	 To:
	  	[Dealer]	  	
		  	Attn: [                    ]
	 Telephone:
	  	[                    ]	  	
	 Facsimile:
	  	[                    ]	  	

  

 8 

 7. Representations, Warranties and Agreements: 
 (a) In addition to the representations and warranties in the Agreement and those contained elsewhere herein, Issuer represents and warrants
to and for the benefit of, and agrees with, Dealer as follows: 
 (i) On the Trade Date, and as of the date of
any election by Issuer of the Share Termination Alternative under (and as defined in) Section 8(a) below, (A) none of Issuer and its officers and directors is aware of any material nonpublic information regarding Issuer or the Shares and
(B) all reports and other documents filed by Issuer with the Securities and Exchange Commission pursuant to the Exchange Act, when considered as a whole (with the more recent such reports and documents deemed to amend inconsistent statements
contained in any earlier such reports and documents), do not contain any untrue statement of a material fact or any omission of a material fact required to be stated therein or necessary to make the statements therein, in the light of the
circumstances in which they were made, not misleading. 
 (ii) Without limiting the generality of
Section 13.1 of the Equity Definitions, Issuer acknowledges that Dealer is not making any representations or warranties with respect to the treatment of the Transaction under any accounting standards including ASC Topic 260, Earnings Per
Share, ASC Topic 815, Derivatives and Hedging, or ASC Topic 480, Distinguishing Liabilities from Equity and ASC 815-40, Derivatives and Hedging – Contracts in Entity’s Own Equity. 
 (iii) Prior to the Trade Date, Issuer shall deliver to Dealer a resolution of Issuer’s board of directors authorizing
the Transaction and such other certificate or certificates as Dealer shall reasonably request. 
 (iv) Issuer is
not entering into this Confirmation to create actual or apparent trading activity in the Shares (or any security convertible into or exchangeable for Shares) or otherwise manipulate the price of the Shares (or any security convertible into or
exchangeable for Shares) or otherwise in violation of the Exchange Act. 
 (v) Issuer is not, and after giving
effect to the transactions contemplated hereby will not be, required to register as an “investment company” as such term is defined in the Investment Company Act of 1940, as amended. 
 (vi) On the Trade Date, (A) the assets of Issuer at their fair valuation exceed the liabilities of Issuer, including
contingent liabilities, (B) the capital of Issuer is adequate to conduct the business of Issuer and (C) Issuer has the ability to pay its debts and obligations as such debts mature and does not intend to, or does not believe that it will,
incur debt beyond its ability to pay as such debts mature. 
 (vii) Issuer shall not take any action to decrease
the number of Available Shares below the Capped Number (each as defined below). 
 (viii) The
representations and warranties of Issuer set forth in Section 3 of the Agreement and Section 1(a) of the Purchase Agreement (the “Purchase Agreement”) dated as of [the Trade Date]4 [January 12, 2010]5 between Issuer and Merrill Lynch, Pierce, Fenner & Smith Incorporated as representative of the
Initial Purchasers party thereto are true and correct and are hereby deemed to be repeated to Dealer as if set forth herein. 
 (ix) Issuer understands no obligations of Dealer to it hereunder will be entitled to the benefit of deposit insurance and that such obligations will not be guaranteed by any Affiliate of Dealer or any
governmental agency. 
 (x)(A) On the Trade Date and during the period starting on the first Expiration Date and
ending on the last Expiration Date (the “Settlement Period”), the Shares or securities that are convertible into, or exchangeable or exercisable for Shares, are not, and shall not be, subject to a “restricted period,” as
such term is defined in Regulation M under the Exchange Act (“Regulation M”) unless (x) such Shares or securities are excepted from section 101(a) of Regulation M by sections 101(c)(1) or 101(c)(3) of Regulation M and section
102(a) of Regulation M by sections 102(d)(1) or 102(d)(3) of Regulation M or (y) such Shares or securities are of the kind that may be excepted from the prohibitions of sections 101(a) and 102(a) of Regulation M by sections 101(b)(10) and
102(b)(7) of Regulation M and (B) Issuer shall not engage in any “distribution” (as 
  
  

	4	 Include for confirmation relating to the base convert offering. 

	5	 Include for confirmation relating to the greenshoe convert offering.

  

 9 

 
such term is defined in Regulation M) other than a distribution meeting the requirements of the exceptions set forth in sections 101(b)(10) and 102(b)(7) of Regulation M, until the second
Exchange Business Day immediately following the Trade Date or until the second Exchange Business Day immediately following the Settlement Period, as applicable. 
 (xi) During the Settlement Period, neither Issuer nor any “affiliate” or “affiliated purchaser” (each as
defined in Rule 10b-18 under the Exchange Act (“Rule 10b-18”)) shall directly or indirectly (including, without limitation, by means of any cash-settled or other derivative instrument) purchase, offer to purchase, place any bid or
limit order that would effect a purchase of, or commence any tender offer relating to, any Shares (or an equivalent interest, including a unit of beneficial interest in a trust or limited partnership or a depository share) or any security
convertible into or exchangeable or exercisable for Shares, except through Bank of America, N.A., Deutsche Bank AG, London Branch or Goldman, Sachs & Co. and except for purchases from its employees that are not “Rule 10b-18
purchases” as defined in Rule 10b-18(a)(13) under the Exchange Act. 
 (xii) Issuer agrees that it
(A) will not during the Settlement Period make, or permit to be made, any public announcement (as defined in Rule 165(f) under the Securities Act) of any Merger Transaction or potential Merger Transaction unless such public announcement is made
prior to the opening or after the close of the regular trading session on the Exchange for the Shares; (B) shall promptly (but in any event prior to the next opening of the regular trading session on the Exchange) notify Dealer following any
such announcement that such announcement has been made; and (C) shall promptly (but in any event prior to the next opening of the regular trading session on the Exchange) provide Dealer with written notice specifying (x) Issuer’s
average daily Rule 10b-18 Purchases (as defined in Rule 10b-18) during the three full calendar months immediately preceding the announcement date that were not effected through Dealer or its affiliates and (y) the number of Shares purchased
pursuant to the proviso in Rule 10b-18(b)(4) under the Exchange Act for the three full calendar months preceding the announcement date. Such written notice shall be deemed to be a certification by Issuer to Dealer that such information is true and
correct. In addition, Issuer shall promptly notify Dealer of the earlier to occur of the completion of such transaction and the completion of the vote by target shareholders. “Merger Transaction” means any merger, acquisition or
similar transaction involving a recapitalization as contemplated by Rule 10b-18(a)(13) (iv) under the Exchange Act. 
 (xiii) The Shares of Issuer initially issuable upon exercise of the Warrant (the “Warrant Shares”) have been reserved for issuance by all required corporate action of Issuer. The Warrant
Shares have been duly authorized and, when delivered against payment therefor (which may include Net Share Settlement in lieu of cash) and otherwise as contemplated by the terms of the Warrant following the exercise of the Warrant in accordance with
the terms and conditions of the Warrant, will be validly issued, fully-paid and non-assessable, and the issuance of the Warrant Shares will not be subject to any preemptive or similar rights. 
 (xiv) No state or local law, rule, regulation or regulatory order in the State of Delaware or California applicable to the
Shares would give rise to any reporting, consent, registration or other requirement (including without limitation a requirement to obtain prior approval from any person or entity) as a result of Dealer or its affiliates owning or holding (however
defined) Shares. 
 (b) Each of Dealer and Issuer agrees and represents that it is an “eligible contract participant”
as defined in Section 1a(12) of the U.S. Commodity Exchange Act, as amended. 
 (c) Each of Dealer and Issuer acknowledges
that the offer and sale of the Transaction to it is intended to be exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), by virtue of Section 4(2) thereof. Accordingly, Dealer represents
and warrants to Issuer that (i) it has the financial ability to bear the economic risk of its investment in the Transaction and is able to bear a total loss of its investment, (ii) it is an “accredited investor” as that term is
defined in Regulation D as promulgated under the Securities Act, (iii) it is entering into the Transaction for its own account without a view to the distribution or resale thereof and (iv) the assignment, transfer or other disposition of
the Transaction has not been and will not be registered under the Securities Act and is restricted under this Confirmation, the Securities Act and state securities laws. 
 (d) Each of Dealer and Issuer agrees and acknowledges that Dealer is a “financial institution,” “swap participant” and “financial participant” within the meaning of Sections
101(22), 101(53C) and 101(22A) of Title 11 of the United States Code (the “Bankruptcy Code”). The parties hereto further agree and acknowledge that it is the intent of the parties (A) that this Confirmation is (i) a
“securities contract,” as such term is defined in Section 741(7) of the

  

 10 

 
Bankruptcy Code, with respect to which each payment and delivery hereunder or in connection herewith is a “termination value,” “payment amount” or “other transfer
obligation” within the meaning of Section 362 of the Bankruptcy Code and a “settlement payment,” as such term is defined in Section 741(8) of the Bankruptcy Code, and (ii) a “swap agreement,” as such term is
defined in Section 101(53B) of the Bankruptcy Code, with respect to which each payment and delivery hereunder or in connection herewith is a “termination value,” “payment amount” or “other transfer obligation”
within the meaning of Section 362 of the Bankruptcy Code and a “transfer,” as such term is defined in Section 101(54) of the Bankruptcy Code, and (B) that Dealer is entitled to the protections afforded by, among other
sections, Sections 362(b)(6), 362(b)(17), 362(o), 546(e), 546(g), 548(d)(2), 555 and 560 of the Bankruptcy Code. 
 (e) Issuer
shall deliver to Dealer an opinion of counsel, dated as of the Effective Date and reasonably acceptable to Dealer in form and substance, with respect to due incorporation, existence and good standing of Issuer in Delaware, its qualifications as a
foreign corporation and good standing in California, the due authorization, execution and delivery of this Confirmation, and the absence of conflict of the execution, delivery and performance of this Confirmation with any material agreement required
to be filed as an exhibit to Issuer’s Annual Report on Form 10-K and Issuer’s charter documents. 
 8. Other
Provisions: 
 (a) Alternative Calculations and Payment on Early Termination and on Certain Extraordinary Events. If
Issuer shall owe Dealer any amount pursuant to Sections 12.2, 12.3, 12.6, 12.7 or 12.9 of the Equity Definitions or pursuant to Section 6(d)(ii) of the Agreement (a “Payment Obligation”), Issuer shall have the right, in its
sole discretion, to satisfy any such Payment Obligation by the Share Termination Alternative (as defined below) by giving irrevocable telephonic notice to Dealer, confirmed in writing within one Scheduled Trading Day, no later than 9:30 A.M. New
York City time on the Merger Date, Tender Offer Date, Announcement Date, Early Termination Date or date of cancellation or termination in respect of an Extraordinary Event, as applicable (“Notice of Share Termination”);
provided that if Issuer does not elect to satisfy its Payment Obligation by the Share Termination Alternative, Dealer shall have the right, in its sole discretion, to elect to require Issuer to satisfy its Payment Obligation by the Share
Termination Alternative, notwithstanding Issuer’s failure to elect or election to the contrary; and provided further that Issuer shall not have the right to so elect (but, for the avoidance of doubt, Dealer shall have the right to so
elect) in the event of (i) an Insolvency, a Nationalization, a Tender Offer or a Merger Event, in each case, in which the consideration or proceeds to be paid to holders of Shares consists solely of cash or (ii) an Event of Default in
which Issuer is the Defaulting Party or a Termination Event in which Issuer is the Affected Party, which Event of Default or Termination Event resulted from an event or events within Issuer’s control. Upon such Notice of Share Termination, the
following provisions shall apply on the Scheduled Trading Day immediately following the Merger Date, the Tender Offer Date, Announcement Date, Early Termination Date or date of cancellation or termination in respect of an Extraordinary Event, as
applicable: 
  

			
	Share Termination Alternative:	  	Applicable and means that Issuer shall deliver to Dealer the Share Termination Delivery Property on the date on which the Payment Obligation would otherwise be due pursuant to
Section 12.7 or 12.9 of the Equity Definitions or Section 6(d)(ii) of the Agreement, as applicable (the “Share Termination Payment Date”), in satisfaction of the Payment Obligation.
		
	 Share Termination Delivery
 Property:
	  	A number of Share Termination Delivery Units, as calculated by the Calculation Agent, equal to the Payment Obligation divided by the Share Termination Unit Price. The Calculation
Agent shall adjust the Share Termination Delivery Property by replacing any fractional portion of the aggregate amount of a security therein with an amount of cash equal to the value of such fractional security based on the values used to calculate
the Share Termination Unit Price.
		
	Share Termination Unit Price:	  	The value of property contained in one Share Termination Delivery Unit on the date such Share Termination Delivery Units are to be delivered as Share Termination Delivery
Property, as determined by the Calculation Agent in its reasonable discretion by commercially reasonable means and notified by the Calculation Agent to Issuer at the time of notification of the Payment Obligation.
		
	Share Termination Delivery Unit:	  	In the case of a Termination Event, Event of Default, Delisting or Additional Disruption Event, one Share or, in the case of an Insolvency, Nationalization, Merger Event or
Tender Offer, one Share or a unit consisting of the number or amount of

  

 11 

			
		  	each type of property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any
securities) in such Insolvency, Nationalization, Merger Event or Tender Offer, as applicable. If such Insolvency, Nationalization, Merger Event or Tender Offer involves a choice of consideration to be received by holders, such holder shall be deemed
to have elected to receive the maximum possible amount of cash.
		
	Failure to Deliver:	  	Applicable
		
	Other applicable provisions:	  	If Share Termination Alternative is applicable, the provisions of Sections 9.8, 9.9, 9.10, 9.11 (except that the Representation and Agreement contained in Section 9.11 of the
Equity Definitions shall be modified by excluding any representations therein relating to restrictions, obligations, limitations or requirements under applicable securities laws arising as a result of the fact that Seller is the issuer of the Shares
or any portion of the Share Termination Delivery Units) and 9.12 of the Equity Definitions will be applicable as if “Physical Settlement” applied to the Transaction, except that all references to “Shares” shall be read as
references to “Share Termination Delivery Units”.

 (b) Registration/Private Placement Procedures. (i) If, in the reasonable
judgment of Dealer, based on the advice of counsel, for any reason, any Shares or any securities of Issuer or its affiliates comprising any Share Termination Delivery Units deliverable to Dealer hereunder (any such Shares or securities,
“Delivered Securities”) would not be immediately freely transferable by Dealer under Rule 144 under the Securities Act, then the provisions set forth in this Section 8(b) shall apply. At the election of Issuer by notice to
Dealer within one Exchange Business Day after the relevant delivery obligation arises, but in any event at least one Exchange Business Day prior to the date on which such delivery obligation is due, either (A) all Delivered Securities delivered
by Issuer to Dealer shall be, at the time of such delivery, covered by an effective registration statement of Issuer for immediate resale by Dealer (such registration statement and the corresponding prospectus (the “Prospectus”)
(including, without limitation, any sections describing the plan of distribution) in form and content commercially reasonably satisfactory to Dealer) or (B) Issuer shall deliver additional Delivered Securities so that the value of such
Delivered Securities, as reasonably determined by the Calculation Agent to reflect an appropriate liquidity discount, equals the value of the number of Delivered Securities that would otherwise be deliverable if such Delivered Securities were freely
tradeable (without prospectus delivery) upon receipt by Dealer (such value, the “Freely Tradeable Value”); provided that Issuer may not make the election described in this clause (B) if, on the date of its election, it
has taken, or caused to be taken, any action that would make unavailable either the exemption pursuant to Section 4(2) of the Securities Act for the delivery by Issuer to Dealer (or any affiliate designated by Dealer) of the Delivered
Securities or the exemption pursuant to Section 4(1) or Section 4(3) of the Securities Act for resales of the Delivered Securities by Dealer (or any such affiliate of Dealer). (For the avoidance of doubt, as used in this paragraph
(b) only, the term “Issuer” shall mean the issuer of the relevant securities, as the context shall require.) 
 (ii) If Issuer makes the election described in clause (b)(i)(A) above: 
 (A) Dealer (or an Affiliate of
Dealer designated by Dealer) shall be afforded a reasonable opportunity to conduct a due diligence investigation with respect to Issuer that is customary in scope for underwritten follow-on offerings of equity securities of companies of comparable
size, maturity and lines of business and that yields results that are satisfactory to Dealer or such Affiliate, as the case may be, in its reasonable discretion subject to execution by such recipients of customary confidentiality agreements
reasonably acceptable to Issuer; and 
 (B) Dealer (or an Affiliate of Dealer designated by Dealer) and Issuer
shall enter into an agreement (a “Registration Agreement”) on commercially reasonable terms in connection with the public resale of such Delivered Securities by Dealer or such Affiliate substantially similar to underwriting
agreements customary for underwritten follow-on offerings of equity securities of companies of comparable size, maturity and lines of business, in form and substance commercially reasonably satisfactory to Dealer or such Affiliate and Issuer, which
Registration Agreement shall include, without limitation, provisions substantially similar to those contained in such underwriting agreements of companies of comparable size, maturity and lines of business relating to the indemnification of, and
contribution in connection with the liability of, Dealer and its Affiliates and Issuer, shall provide for the payment by Issuer of all reasonable expenses in connection with such resale, including all registration costs and all reasonable fees and
expenses of counsel for Dealer, and in

  

 12 

 
connection with an underwritten offering of Delivered Securities shall use its commercially reasonable efforts to provide for the delivery of accountants’ “comfort letters” to
Dealer or such Affiliate in customary form and substance of companies of comparable size, maturity and lines of business with respect to the financial statements and certain financial information contained in or incorporated by reference into the
Prospectus. 
 (iii) If Issuer makes the election described in clause (b)(i)(B) above: 
 (A) Dealer (or an Affiliate of Dealer designated by Dealer) and any potential institutional purchaser of any such Delivered
Securities from Dealer or such Affiliate identified by Dealer shall be afforded a commercially reasonable opportunity to conduct a due diligence investigation in compliance with applicable law with respect to Issuer customary in scope for private
placements of equity securities of companies of comparable size, maturity and lines of business (including, without limitation, the right to have made available to them for inspection all financial and other records, pertinent corporate documents
and other information reasonably requested by them subject to execution by such recipients of customary confidentiality agreements reasonably acceptable to Issuer); 
 (B) Dealer (or an Affiliate of Dealer designated by Dealer) and Issuer shall enter into an agreement (a “Private
Placement Agreement”) on commercially reasonable terms in connection with the private placement of such Delivered Securities by Issuer to Dealer or such Affiliate and the private resale of such Delivered Securities by Dealer or such
Affiliate, substantially similar to private placement purchase agreements customary for private placements of equity securities of similar size, in form and substance commercially reasonably satisfactory to Dealer and Issuer, which Private Placement
Agreement shall include, without limitation, provisions substantially similar to those contained in such private placement purchase agreements relating to the indemnification of, and contribution in connection with the liability of, Dealer and its
Affiliates and Issuer, shall provide for the payment by Issuer of all reasonable expenses in connection with such resale, including all reasonable fees and expenses of counsel for Dealer, shall contain representations, warranties and agreements of
Issuer reasonably necessary or advisable to establish and maintain the availability of an exemption from the registration requirements of the Securities Act for such resales, and shall use commercially reasonable efforts to provide for the delivery
of accountants’ “comfort letters” to Dealer or such Affiliate with respect to the financial statements and certain financial information contained in or incorporated by reference into the offering memorandum prepared for the resale of
such Delivered Securities as are customarily requested in comfort letters covering private placements of equity securities of companies of comparable size, maturity and lines of business; 
 (C) Issuer agrees that under applicable law as it currently exists any Delivered Securities so delivered to Dealer,
(i) may be transferred by and among Dealer and its Affiliates, and Issuer shall effect such transfer without any further action by Dealer and (ii) after the minimum “holding period” within the meaning of Rule 144(d) under the
Securities Act has elapsed with respect to such Delivered Securities, Issuer shall promptly remove, or cause the transfer agent for such Shares or securities to remove, any legends referring to any such restrictions or requirements from such
Delivered Securities upon delivery by Dealer (or such Affiliate of Dealer) to Issuer or such transfer agent of seller’s and broker’s representation letters customarily delivered by Dealer in connection with resales of restricted securities
pursuant to Rule 144 under the Securities Act, without any further requirement for the delivery of any certificate, consent, agreement, opinion of counsel, notice or any other document, any transfer tax stamps or payment of any other amount or any
other action by Dealer (or such affiliate of Dealer); and 
 (D) Issuer shall not take, or cause to be taken, any
action that would make unavailable either the exemption pursuant to Section 4(2) of the Securities Act for the sale by Issuer to Dealer (or any affiliate designated by Dealer) of the Shares or Share Termination Delivery Units, as the case may
be, or the exemption pursuant to Section 4(1) or Section 4(3) of the Securities Act for resales of the Shares or Share Termination Delivery Units, as the case may be, by Dealer (or any such affiliate of Dealer). 
 (c) Make-whole. If Issuer makes the election described in clause (b)(i)(B) of paragraph (b) of this Section 8, then Dealer
or its affiliates may sell such Shares or Share Termination Delivery Units, as the case may be, during a period (the “Resale Period”) commencing on the Exchange Business Day following delivery of such Shares or Share Termination
Delivery Units, as the case may be, and ending on the Exchange Business Day on which Dealer or its Affiliates completes the sale of all such Shares or Share Termination Delivery Units, as the case may be, or a sufficient number of Shares or Share
Termination Delivery Units, as the case may be, so that the realized net proceeds of such sales exceed the Freely Tradeable Value (such amount of the Freely Tradeable Value, the “Required Proceeds”). If any

  

 13 

 
of such delivered Shares or Share Termination Delivery Units remain after such realized net proceeds exceed the Required Proceeds, Dealer shall promptly return such remaining Shares or Share
Termination Delivery Units to Issuer. If the Required Proceeds exceed the realized net proceeds from such resale, Issuer shall transfer to Dealer by the open of the regular trading session on the Exchange on the Exchange Trading Day immediately
following the last day of the Resale Period the amount of such excess (the “Additional Amount”) in cash or in a number of additional Shares or Share Termination Delivery Units, as the case may be (“Make-whole
Shares”), in an amount that, based on the Relevant Price on the last day of the Resale Period (as if such day was the “Valuation Date” for purposes of computing such Relevant Price), has a dollar value equal to the Additional
Amount. The Resale Period shall continue to enable the sale of the Make-whole Shares in the manner contemplated by this Section 8(c). This provision shall be applied successively until the Additional Amount is equal to zero, subject to
Section 8(e). 
 (d) Limitation on Beneficial Ownership. Notwithstanding anything to the contrary in the Agreement
or this Confirmation, in no event may Dealer exercise any Warrant hereunder, have the right to acquire (within the meaning of NYSE Rule 312.04(g)) Shares upon the exercise of any Warrant hereunder, or be entitled to receive, or be deemed to receive,
any Shares in connection with this Transaction, and Automatic Exercise shall not apply with respect to any Warrant hereunder, to the extent (and only to the extent) that upon the receipt of such Shares, (i) Dealer’s Beneficial Ownership
would be equal to or greater than 9.0% of the outstanding Shares, (ii) Dealer, or any “affiliate” or “associate” of Dealer, would be an “interested stockholder” of Issuer, as all such terms are defined in
Section 203 of the Delaware General Corporation Law, (iii) Dealer, Dealer Group (as defined below) or any person whose ownership position would be aggregated with that of Dealer or Dealer Group (Dealer, Dealer Group or any such person, a
“Dealer Person”) under any federal, state or local laws, regulations or regulatory orders applicable to ownership of Shares (“Applicable Laws”), owns, beneficially owns, constructively owns, controls, holds the
power to vote or otherwise meets a relevant definition of ownership in excess of a number of Shares equal to (x) the number of Shares that would give rise to reporting or registration obligations or other requirements (including obtaining prior
approval by a state or federal regulator) of a Dealer Person under Applicable Laws and with respect to which such requirements have not been met or the relevant approval has not been received or that would give rise to any consequences under the
constitutive documents of Issuer or any contract or agreement to which Issuer is a party, in each case minus (y) 1% of the number of Shares outstanding on the date of determination, or (iv) Dealer or any group of purchasers related
to Dealer (within the meaning of NYSE Rule 312.04(g)) would acquire or have the “right to acquire” (within the meaning of NYSE Rule 312.04(g)) a number of Shares that would exceed 4.9% of the Shares outstanding on the Trade Date (each of
clause (i), (ii), (iii) and (iv) above, an “Ownership Limitation”). Any purported delivery hereunder shall be void and have no effect to the extent (but only to the extent) that such delivery would exceed an Ownership
Limitation. If any delivery owed to Dealer hereunder is not made, in whole or in part, as a result of an Ownership Limitation, Dealer’s right to receive such delivery shall not be extinguished and Issuer shall make such delivery as promptly as
practicable after, but in no event later than three Exchange Business Days after, Dealer gives notice to Issuer that such delivery would not result in any of such Ownership Limitations being breached. “Dealer’s Beneficial
Ownership” means the “beneficial ownership” (within the meaning of Section 13 of the Exchange Act and the rules promulgated thereunder (collectively, “Section 13”) or within the meaning of Section 16 of
the Exchange Act and the rules promulgated thereunder (collectively, “Section 16”)) of Shares, without duplication, by Dealer, together with any of its affiliates or other person subject to aggregation with Dealer under
Section 13 or under Section 16 for purposes of “beneficial ownership”, or by any “group” (within the meaning of Section 13) of which Dealer is or may be deemed to be a part (Dealer and any such affiliates, persons
and groups, collectively, “Dealer Group”). Notwithstanding anything in the Agreement or this Confirmation to the contrary, Dealer (or the affiliate designated by Dealer pursuant to Section 8(l) below) shall not become the
record or beneficial owner, or otherwise have any rights as a holder, of any Shares that Dealer (or such affiliate) is not entitled to receive at any time pursuant to this Section 8(d), until such time as such Shares are delivered pursuant to
this Section 8(d). 
 (e) Limitations on Settlement by Issuer. Notwithstanding anything herein or in the Agreement
to the contrary, in no event shall Issuer be required to deliver Shares in connection with the Transaction in excess of 2 x Number of Shares, subject to adjustment from time to time in accordance with the provisions of this Confirmation or
the Definitions resulting from actions of Issuer or events within Issuer’s control (the “Capped Number”). Issuer represents and warrants to Dealer (which representation and warranty shall be deemed to be repeated on each day
that the Transaction is outstanding) that the Capped Number is equal to or less than the number of authorized but unissued Shares of the Issuer that are not reserved for future issuance in connection with transactions in the Shares (other than the
Transaction) on the date of the determination of the Capped Number (such Shares, the “Available Shares”). In the event Issuer shall not have delivered the full number of Shares otherwise deliverable as a result of this
Section 8(e) (the resulting deficit, the “Deficit Shares”), Issuer shall be continually obligated to deliver, from time to time until the full

  

 14 

 
number of Deficit Shares have been delivered pursuant to this paragraph, Shares when, and to the extent, that (i) Shares are repurchased, acquired or otherwise received by Issuer or any of
its subsidiaries after the Trade Date (whether or not in exchange for cash, fair value or any other consideration), (ii) authorized and unissued Shares reserved for issuance in respect of other transactions prior to such date which prior to the
relevant date become no longer so reserved and (iii) Issuer additionally authorizes any unissued Shares that are not reserved for other transactions. Issuer shall immediately notify Dealer of the occurrence of any of the foregoing events
(including the number of Shares subject to clause (i), (ii) or (iii) and the corresponding number of Shares to be delivered) and promptly deliver such Shares thereafter. 
 (f) Right to Extend. Dealer may postpone any Exercise Date or Settlement Date or any other date of valuation or delivery by Dealer,
with respect to some or all of the relevant Options (in which event the Calculation Agent shall make appropriate adjustments to the Number of Shares to be Delivered with respect to one or more Components), if Dealer determines, in its reasonable
discretion, that such extension is reasonably necessary or appropriate to (i) preserve Dealer’s hedging or hedge unwind activity hereunder in light of existing liquidity conditions in the cash market, the stock loan market or any other
market in which Dealer, in the exercise of its commercially reasonable discretion, deems it advisable to hedge its exposure to the Transaction or (ii) to enable Dealer to effect purchases of Shares in connection with its hedging, hedge unwind
or settlement activity hereunder in a manner that would, if Dealer were Issuer or an affiliated purchaser of Issuer, be in compliance with applicable legal, regulatory or self-regulatory requirements, or with related policies and procedures
applicable to Dealer; provided that any such extension pursuant to clause (i) shall not exceed 30 Exchange Business Days. 
 (g) Equity Rights. Dealer acknowledges and agrees that this Confirmation is not intended to convey to it rights with respect to the Transaction that are senior to the claims of common stockholders in the event of Issuer’s
bankruptcy. For the avoidance of doubt, the parties agree that the preceding sentence shall not apply at any time other than during Issuer’s bankruptcy to any claim arising as a result of a breach by Issuer of any of its obligations under this
Confirmation or the Agreement. For the avoidance of doubt, the parties acknowledge that this Confirmation is not secured by any collateral that would otherwise secure the obligations of Issuer herein under or pursuant to any other agreement.

 (h) Amendments to Equity Definitions. The following amendments shall be made to the Equity Definitions: 
 (i) With respect to any Potential Adjustment Event, Section 11.2(a) of the Equity Definitions is hereby amended by
deleting the words “a diluting or concentrative” and replacing them with the words “an”; and adding the phrase “or Warrants” at the end of the sentence. 
 (ii) The first sentence of Section 11.2(c) of the Equity Definitions, prior to clause (A) thereof, is hereby
amended to read as follows: ‘(c) If “Calculation Agent Adjustment” is specified as the Method of Adjustment in the related Confirmation of a Share Option Transaction, then following the announcement or occurrence of any Potential
Adjustment Event, the Calculation Agent will determine whether such Potential Adjustment Event has an effect on the theoretical value of the relevant Shares or options on the Shares and, if so, will (i) make appropriate adjustment(s), if any,
to any one or more of:’ and, the portion of such sentence immediately preceding clause (ii) thereof is hereby amended by deleting the words “diluting or concentrative” and the words “(provided that no adjustments will be
made to account solely for changes in volatility, expected dividends, stock loan rate or liquidity relative to the relevant Shares)” and replacing such latter phrase with the words “(provided that, solely in the case of Sections
11.2(e)(i), (ii)A), (iv) and (v), no adjustments will be made to account solely for changes in volatility, expected dividends, stock loan rate or liquidity relative to the relevant Shares but, for the avoidance of doubt, solely in the case of
Sections 11.2(e)(ii)(B) through (D), (iii), (vi) and (vii), adjustments may be made to account solely for changes in volatility, expected dividends, stock loan rate or liquidity relative to the relevant Shares)”; 
 (iii) Section 12.6(a)(ii) of the Equity Definitions is hereby amended by (1) deleting from the fourth line thereof
the word “or” after the word “official” and inserting a comma therefor, and (2) deleting the semi-colon at the end of subsection (B) thereof and inserting the following words therefor “or (C) at Dealer’s
option, the occurrence of any of the events specified in Section 5(a)(vii) (1) through (9) of the ISDA Master Agreement with respect to that Issuer.”; 
 (iv) Section 12.9(b)(iv) of the Equity Definitions is hereby amended by (A) deleting (1) subsection
(A) in its entirety, (2) the phrase “or (B)” following subsection (A) and (3) the phrase “in each case” in subsection (B); and (B) deleting the phrase “neither the Non-Hedging Party nor the Lending
Party lends Shares in the amount of the Hedging Shares or” in the penultimate sentence; and 
  

 15 

 (v) Section 12.9(b)(v) of the Equity Definitions is hereby amended by
(A) adding the word “or” immediately before subsection “(B)” and deleting the comma at the end of subsection (A); and (B)(1) deleting subsection (C) in its entirety, (2) deleting the word “or” immediately
preceding subsection (C) and (3) replacing in the penultimate sentence the words “either party” with “the Hedging Party” and (4) deleting clause (X) in the final sentence. 
 (i) Transfer and Assignment. Dealer may transfer or assign its rights and obligations hereunder and under the Agreement, in whole or
in part, at any time to any person or entity whatsoever without the consent of Issuer, subject to the restrictions set forth in the legend appearing at the top of this Confirmation. Dealer shall as soon as reasonably practicable notify Issuer of
such transfer or assignment. 
 (j) Adjustments. For the avoidance of doubt, whenever the Calculation Agent is called
upon to make an adjustment pursuant to the terms of this Confirmation or the Definitions to take into account the effect of an event, the Calculation Agent shall make such adjustment by reference to the effect of such event on the Hedging Party,
assuming that the Hedging Party maintains a commercially reasonable hedge position. 
 (k) Disclosure. Effective from the
date of commencement of discussions concerning the Transaction, Issuer and each of its employees, representatives, or other agents may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of the
Transaction and all materials of any kind (including opinions or other tax analyses) that are provided to Issuer relating to such tax treatment and tax structure. 
 (l) Designation by Dealer. Notwithstanding any other provision in this Confirmation to the contrary requiring or allowing Dealer to purchase, sell, receive or deliver any Shares or other securities
to or from Issuer, Dealer may designate any of its affiliates to purchase, sell, receive or deliver such shares or other securities and otherwise to perform Dealer obligations in respect of the Transaction and any such designee may assume such
obligations. Dealer shall be discharged of its obligations to Issuer to the extent of any such performance by any of its affiliates in accordance with the provisions of the immediately preceding sentence. 
 (m) Additional Termination Events. The occurrence of any of the following shall constitute an Additional Termination Event with
respect to which the Transaction shall be the sole Affected Transaction and Issuer shall be the sole Affected Party; provided that with respect to any Additional Termination Event, Dealer may choose to treat part of the Transaction as the
sole Affected Transaction, and, upon the termination of the Affected Transaction, a Transaction with terms identical to those set forth herein except with a Number of Warrants equal to the unaffected number of Warrants shall be treated for all
purposes as the Transaction, which shall remain in full force and effect: 
 (i) Dealer reasonably determines
during the six month period immediately following the Effective Date (or, if the Issuer is not current in its reporting obligations under the Exchange Act, during the one year period immediately following the Effective Date) that it is advisable to
terminate a portion of the Transaction so that Dealer’s related hedging activities will comply with applicable securities laws, rules or regulations or related policies and procedures of Dealer (whether or not such requirements, policies or
procedures are imposed by law or have been voluntarily adopted by Dealer); 
 (ii) any “person” or
“group,” other than Issuer, its Subsidiaries and the employee benefits plans of the Issuer and of its Subsidiaries, becomes the direct or indirect beneficial owner, of the shares of Issuer’s Capital Stock representing more than 50% of
the total voting power of the shares of Issuer’s Capital Stock; or 
 (iii) consummation of any
consolidation or merger of Issuer pursuant to which the Shares are or will be converted into cash, securities or other property or any sale, lease or other transfer in one transaction or a series of transactions of all or substantially all of the
consolidated assets of Issuer and its Subsidiaries, taken as a whole, to any person other than one or more of the Issuer’s Subsidiaries; provided, however, that if in any such transaction the holders of more than 50% of the shares of
Issuer’s voting stock immediately prior to such transaction, own, directly or indirectly, more than 50% of all shares of the voting stock of the continuing or surviving person or transferee or the parent thereof immediately after such
transaction, such event shall not constitute a Additional Termination Event under this clause (ii). 
  

 16 

 Notwithstanding the foregoing, an Additional Termination Event will not be deemed to have
occurred if, pursuant to a transaction or series of transactions as set forth in clause (iii) above, at least 90% of the consideration received or to be received by holders of the Shares (excluding cash payments for fractional Shares and cash
payments made pursuant to dissenters’ appraisal rights) in connection with such transaction or transactions otherwise constituting an Additional Termination Event under clause (iii) above consists of shares of common stock or depositary
receipts evidencing interests in ordinary shares or common equity traded on a National Securities Exchange, and as a result of such transaction or transactions, the Convertible Securities become convertible into cash and, if applicable, such shares
of common stock or depositary receipts. 
 For purposes of clauses (ii) and (iii) above: 
 (i) whether a person is a “beneficial owner” will be determined in accordance with Rule 13d-3 under the Exchange
Act; 
 (ii) “person” includes any syndicate or group that would be deemed to be a “person”
under Section 13(d)(3) of the Exchange Act; 
 (iii) any transaction or event that satisfies both clause
(ii) and clause (ii) above will be deemed to be an event satisfying solely clause (iii) above; 
 (iv) “Subsidiary” means a Person more than 50% of the outstanding voting stock of which is owned, directly or indirectly, by Issuer or by one or more other Subsidiaries of Issuer, or by Issuer and one or more other Subsidiaries of
Issuer; 
 (v) “National Securities Exchange” means a securities exchange registered as a national
securities exchange under Section 6(a) of the Exchange Act (or any successor thereto); and 
 (vi)
“Capital Stock” means any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) stock issued by that corporation. 
 (n) No Netting and Set-off. Each party waives any and all rights it may have to set off obligations arising under the Agreement and
the Transaction against other obligations between the parties, whether arising under any other agreement, applicable law or otherwise. 
 (o) Effectiveness. If, prior to the Effective Date, Dealer reasonably determines that it is advisable to cancel the Transaction because of concerns that Dealer’s related hedging activities could be viewed as not complying with
applicable securities laws, rules or regulations, the Transaction shall be cancelled and shall not become effective, and neither party shall have any obligation to the other party in respect of the Transaction. 
 (p) Delivery of Cash. For the avoidance of doubt, nothing in this Confirmation shall be interpreted as requiring Issuer to deliver
cash in respect of the settlement of the Transaction, except in circumstances where the required cash settlement thereof is permitted for classification of the contract as equity by the US GAAP as in effect on the relevant Trade Date
(including, without limitation, where Issuer so elects to deliver cash or fails timely to elect to deliver Shares or Share Termination Delivery Property in respect of such settlement). 
 (q) Payments by Dealer upon Early Termination. The parties hereby agree that, notwithstanding anything to the contrary herein, in the
Definitions or in the Agreement, following the payment of the Premium, in the event that an Early Termination Date (whether as a result of an Event of Default or a Termination Event) occurs or is designated with respect to the Transaction or the
Transaction is terminated or cancelled pursuant to Article 12 of the Equity Definitions and, as a result, Dealer would owe to Issuer an amount calculated under Section 6(e) of the Agreement or Article 12 of the Equity Definitions, such amount
shall be deemed to be zero 
 (r) Waiver of Trial by Jury. EACH OF ISSUER AND BUYER HEREBY IRREVOCABLY WAIVES (ON ITS
OWN BEHALF AND, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ON BEHALF OF ITS STOCKHOLDERS) ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THE
TRANSACTION OR THE ACTIONS OF BUYER OR ITS AFFILIATES IN THE NEGOTIATION, PERFORMANCE OR ENFORCEMENT HEREOF. 
  

 17 

 (s) Governing Law; Jurisdiction. THIS CONFIRMATION AND ANY CLAIM, CONTROVERSY OR
DISPUTE ARISING UNDER OR RELATED TO THIS CONFIRMATION SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. THE PARTIES HERETO IRREVOCABLY SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND THE UNITED STATES COURT FOR
THE SOUTHERN DISTRICT OF NEW YORK IN CONNECTION WITH ALL MATTERS RELATING HERETO AND WAIVE ANY OBJECTION TO THE LAYING OF VENUE IN, AND ANY CLAIM OF INCONVENIENT FORUM WITH RESPECT TO, THESE COURTS. 
  

 18 

 Issuer hereby agrees (a) to check this Confirmation carefully and immediately upon
receipt so that errors or discrepancies can be promptly identified and rectified and (b) to confirm that the foregoing (in the exact form provided by Dealer) correctly sets forth the terms of the agreement between Dealer and Issuer with respect
to the Transaction, by manually signing this Confirmation or this page hereof as evidence of agreement to such terms and providing the other information requested herein and immediately returning an executed copy to
[                    ], Facsimile No.
[                    ]. 
  

			
	Yours faithfully,
	
	[DEALER]
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	Agreed and Accepted By:
	
	salesforce.com, inc.
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 19 

 Annex A 
 For each Component of the Transaction, the Number of Warrants and Expiration Date is set forth below. 
  

					
	 Component Number
	 	 Number of Warrants
	 	 Expiration Date

	 1.
	 	[                    ]	 	[                    ]
	 2.
	 	[                    ]	 	[                    ]
	 3.
	 	[                    ]	 	[                    ]
	 4.
	 	[                    ]	 	[                    ]
	 5.
	 	[                    ]	 	[                    ]
	 6.
	 	[                    ]	 	[                    ]
	 7.
	 	[                    ]	 	[                    ]
	 8.
	 	[                    ]	 	[                    ]
	 9.
	 	[                    ]	 	[                    ]
	 10.
	 	[                    ]	 	[                    ]
	 ...
	 	...	 	...
			
	 [    ].
	 	[                    ]	 	[                    ]

  

 20John Rizzo Employment Agreement

 EXHIBIT 10.1 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT
AGREEMENT (the “Employment Agreement”) is made and entered into as 
 of the 
 3rd Day of January, 2007 (the “Commencement Date”), by and between 
 iTrackr, Inc. (the “Company”), and 
 John Rizzo, an individual (“Employee”) 
 WITNESSETH: WHISEAS, the Company under the name
iTrackr, Inc. (such activities, together with all other activities of the Company and its subsidiaries, if any, as conducted at or prior to the termination of this Employment Agreement, and any future activities reasonably related thereto which are
contemplated by the Company and/or its subsidiaries at the termination of this Employment Agreement identified in writing by the Company to Employee at the date of such termination, are hereinafter referred to as the “Business
Activities”); 
 WHISEAS, the Company desires to employ Employee upon the terms and subject to the terms and conditions set forth in this
Agreement. 
 NOW, THEREFORE, in consideration of the premises, the mutual promises, covenants and conditions herein contained and for other
good and valuable considerations, the receipt and sufficiency of which are hereby acknowledged, the parties hereto intending to be legally bound hereby agree as follows: 
 EMPLOYMENT. The Company hereby employs Employee, and Employee hereby accepts employment with the Company, all upon the terms and subject to the conditions set forth in this Employment Agreement.

 TERM OF EMPLOYMENT. The term of employment of Employee by the Company pursuant to this Employment Agreement shall be for the period (the
“Employment Period”) commencing on the Commencement Date and ending on the three year anniversary of the Commencement Date, or such earlier date that Employee’s employment is terminated in accordance with the provisions of this
Employment Agreement; provided however, that the Employment Period shall automatically be extended for a successive one year period, with Employee’s written consent, unless the Company gives Employee sixty (60) days written notice prior to
the end of such year that it does not intend to extend the term of the Employment Period. 
 CAPACITY AND DUTIES. Employee is and shall be
employed in the capacity of Chief Executive Officer (CEO) of the Company and its subsidiaries and shall have such other duties, responsibilities and authorities as are assigned to him by the Board of Directors so long as such additional duties,
responsibilities and authorities are consistent with Employee’s position and level of authority as CEO of the Company. Subject to the advice and general directions of the Board of Directors, and except as otherwise herein provided, Employee
shall make all best efforts and give his attention required to promote and advance the business of the Company and its subsidiaries and to perform diligently and faithfully all the duties, responsibilities and obligations of Employee to be performed
by him under this Employment Agreement. 
 PLACE OF EMPLOYMENT. The Company understands and accepts that the Employee will not work on a day to
day business at the corporate headquarters, currently located in Boca Raton, FL. 
  

 1 

 COMPENSATION. During the Employment Period, subject to all the terms and conditions of this Employment
Agreement and as compensation for all services to be rendered by Employee under this Employment Agreement, the Company shall pay to or provide Employee with the following: 
 1. Base Salary. The Company shall guarantee to pay employee a base annual salary at the rate of $250,000.00 dollars per year under this Agreement, and any extensions thereof, payable at such intervals (at
least monthly) as salaries are paid generally to other employees of the Company. For the period of 2007, in lieu of being paid his base salary in cash, Employee will be paid in stock at a conversion price of $0.05 per share, or 20 shares of the
Company’s common stock for every dollar in salary owed to him. Accordingly, Employee shall receive 5,000,000 shares in lieu of cash for his 2007 salary. At each anniversary date, the Compensation Committee shall review employee salary and
performance. 
 2. Stock Grants. The Company shall pay to Employee options to purchase the Company’s common stock that shall expire on
September 1, 2011, according to the following schedule: 
 (a) 5,000,000 options to purchase share of common stock of iTrackr, inc.
execution of this agreement, at prices and in accordance with the following vesting schedule: 
  

	(i)	1,000,000 options with a exercise price of $0.25 that shall vest immediately upon the Commencement Date. 

  

	(ii)	1,000,000 options with an exercise price of $0.40 that shall vest 180 days after the Commencement Date. 

 Options to be granted in accordance with the Company’s 2007 Employee Stock Option Plan which is currently not in effect but is expected to be in effect
prior to September of 2007. 
 3. Vacation and Other Benefits. 
 (a) Employee shall be entitled to Twelve (12) weeks vacation during each year of employment. 
 (b) Health, Dental and Disability Plan. Employee and Employee’s family shall be eligible to participate in the Company’s paid health plan. However, if Employee so chooses, Employee shall be able to maintain his own family health
plan and the Company will subsidize that plan in the amount of Net $1,000.00 per month. 
 EXPENSES. The Company shall reimburse Employee for
all reasonable, ordinary and necessary expenses including, but not limited to, automobile and other business travel and customer entertainment expenses (no prior approval from direct report required up to $1000 per month) incurred by his in
connection with his employment hereunder in accordance with the written policy and guidelines established by the Company for employee reimbursement, provided, however, Employee shall render to the Company a complete and accurate accounting of all
such expenses in accordance with the substantiation requirements of the Internal Revenue Code, as amended (the “Code”), as a condition precedent to such reimbursement. The Company shall be responsible for any and all phone and
communication expenses, in which Employee incurs which are business related separate from the above-mentioned expenses, Employee shall submit monthly phone records for the Company’s review and acceptance prior to reimbursement for out-of-pocket
phone and communications expenses. 
 HOME OFFICE. The Company shall reimburse Employee for all reasonable Home Office expenses including, but
not limited to fax, phone, cell phone, supplies, postage and mailing. Laptop, printer/copier, blackberry,separate phone lines 
 ADHISENCE TO
STANDARDS. Employee shall comply with the written policies, standards, rules and regulations of the Company from time to time established for all executive officers of the Company consistent with Employee’s position and level of authority.

  

 2 

 REVIEW OF PERFORMANCE. The Board of Directors shall periodically review and evaluate the performance of
Employee under this Employment Agreement with Employee. 
 TERMINATION WITH CAUSE BY THE COMPANY. This Employment Agreement may be terminated
with Cause (as hereinafter defined) by the Company provided that the Company shall: 
 1. Give Employee the Notice of Termination (as
hereinafter defined) and 
 2. Pay Employee his annual base salary plus Stock Grants through the Date of Termination (as hereinafter defined) at
the rate in effect at the time the Notice of Termination is given plus any bonus or incentive compensation which has been earned or has become payable pursuant to the terms of any compensation or benefit plan as of the Date of Termination, but which
have not yet been paid. 
 TERMINATION WITHOUT CAUSE BY THE COMPANY OR FOR GOOD REASON BY EMPLOYEE. This Employment Agreement may be terminated
by the Company: 
 1. At the end of the Term of Employment, 
 2. During the Term of Employment without cause as hereinafter defined, or 
 3. By reason of death
or Disability (as hereinafter defined) provided that the Company shall continue to pay to Employee (or the estate of Employee in the event of termination due to the death of employee) the compensation and other benefits described in the Section
entitled Compensation of this Employment Agreement, except for annual cash bonuses or incentive compensation for six (6) months from the Date of Termination. Employee’s right to terminate his employment for Good Reason shall not be
affected by his incapacity due to physical or mental illness. In the event of termination by the Company by reason of Employee’s death or Disability, medical, hospitalization or disability benefits coverage comparable to that provided by the
Company during Employee’s lifetime shall be provided to Employee, his spouse and dependents for six (6) months from the Date of Termination, and for six (6) months from the Date of Termination with respect to medical and
hospitalization benefits for the Employee and his family. The benefits provided under this Section shall be no less favorable to Employee in terms of amounts, deductibles and costs to his, if any, than such benefits provided by the Company to his
and shall not be interpreted so as to limit any benefits to which Employee, as a terminated employee of the Company, or his family may be entitled under the Company’s life insurance, medical, hospitalization or disability plans following his
Date of Termination or under applicable law. 
 In the event of Termination by the Employee for Good Reason, the Company shall continue to pay
to Employee the compensation and other benefits described in the Section entitled Compensation of this Employment Agreement, including annual cash bonuses or incentive compensation for three (3) months from the Date of Termination, and shall
continue to provide medical, hospitalization or disability benefits coverage to Employee, his spouse and dependents for six (6) months from the Date of Termination. In the event that the Employee terminates Agreement for Good Reason, then the
Company agrees to compensate Employee for a period of Three (3) months. 
 In the event that within a period of one (1) year(s) of a
Change in Control (as hereinafter defined), this Employment Agreement is terminated by the Company for any reason other than for cause (or the Company gives notice that it is not renewing the Employment Agreement pursuant to the Section entitled
Term Of Employment), the Company shall continue to pay to Employee the compensation and other benefits described in the Section entitled Compensation of this Employment Agreement, except for annual cash bonuses or incentive compensation for Six
(6) Months from the Date of Termination. 
  

 3 

 DEFINITIONS. In addition to the words and terms elsewhere defined in this Employment Agreement, certain
capitalized words and terms used in this Employment Agreement shall have the meanings given to them by the definitions and descriptions in this Section entitled Definitions unless the context or use indicates another or different meaning or intent,
and such definition shall be equally applicable to both the singular and plural forms of any of the capitalized words and terms herein defined. The following words and terms are defined terms under this Employment Agreement: 
 1. “Disability” shall mean a physical or mental illness which, in the judgment of the Company after consultation with the licensed physician
attending Employee, impairs Employee’s ability to substantially perform his duties under this Employment Agreement as an employee and as a result of which she shall have been absent from his duties with the Company on a full-time basis for one
(1) entire month. 
 2. A termination with “Cause” shall mean a termination of this Employment Agreement by reason of a good
faith determination by the Board that Employee: 
 (a) Failed to substantially perform his duties with this Company (other than a failure
resulting from his incapacity due to physical or mental illness) after a written demand for substantial performance has been delivered to his by the Board, which demand specifically identifies the manner in which the Board believes she has not
substantially performed his duties; 
 (b) Has engaged in conduct the consequences of which are materially adverse to the Company, monetarily or
otherwise; or 
 (c) Has materially breached the terms of this Employment Agreement. No act, or failure to act, on Employee’s part shall be
grounds for termination with Cause unless she has acted or failed to act with an absence of good faith or without a reasonable belief that his action or failure to act was in or at least not opposed to the best interests of the Company. Employee
shall not be deemed to have been terminated with cause unless there shall have been delivered to Employee a letter setting forth the reasons for the Company’s termination of the Employee with cause. 
 3. “Good Reason” shall mean the occurrence of any of the following events without Employee’s prior express written consent: 
 (a) Any material change in Employee’s status, title, authorities or responsibilities under this Employment Agreement which represents a demotion from
such status, title, position or responsibilities which are materially inconsistent with his status, title, position or work responsibilities set forth in this Employment Agreement, or any removal of Employee from, or failure to appoint, elect,
reappoint or reelect Employee to, any of such positions, except in connection with the termination of his employment with Cause, or as a result of his death or Disability, provided, however, that no change in title, authorities or responsibilities
customarily attributable solely to the Company ceasing to be a publicly traded corporation shall constitute Good Reason hereunder; 
 (b) The
failure by the Company to continue in effect any incentive, bonus or other compensation plan in which Employee participates, unless an equitable arrangement (embodied in an ongoing substitute or alternative plan) has been made with respect to the
failure to continue such plan, or the failure by the Company to continue Employee’s participation therein, or any action by the Company which would directly or indirectly materially reduce his participation therein or reward opportunities
hereunder; provided, however, that Employee continues to meet all eligibility requirements thereof; 
  

 4 

 (c) The failure by the Company to continue in effect any employee benefit plan (including any medical,
hospitalization, life insurance or disability benefit plan in which Employee participates), or any material fringe benefit or prerequisite enjoyed by his unless an equitable arrangement (embodied in an ongoing substitute or alternative plan) has
been made with respect to the failure to continue such plan, or the failure by the Company to continue Employee’s participation therein, or any action by the Company which would directly or indirectly materially reduce his participation therein
or reward opportunities thereunder, or the failure by the Company to provide his with the benefits to which she is entitled under this Employment Agreement; provided, however, that Employee continues to meet all eligibility requirements thereof;

 (d) Any other material breach by the Company of any provision of this Employment Agreement; 
 (e) The failure of the Company to obtain a satisfactory agreement from any successor or assign of the Company to assume and agree to perform this Employment
Agreement, as contemplated in the Section entitled Indemnification Agreement hereof; 
 (f) Any purported termination of employee’s
employment which is not effected pursuant to a Notice of Termination satisfying the requirements of this Employment Agreement; and for purposes of this Employment Agreement, no such purported termination shall be effective; or 
 (g) Any Change of Control (as defined herein) of the Company. 
 4. Change of Control. “Change of Control” shall be deemed to have occurred when: 
 (a)
Securities of the Company representing 50% or more of the combined voting power of the Company’s then outstanding voting securities are acquired pursuant to a tender offer or an exchange offer by a person or entity which is not a wholly-owned
subsidiary of the Company or any of its affiliates; 
 (b) A merger or consolidation is consummated in which the Company is a constituent
corporation and which results in less than 50% of the outstanding voting securities of the surviving or resulting entity being owned by the then existing stockholders of the Company; 
 (c) A sale is consummated by the Company of substantially all of the Company’s assets to a person or entity which is not a wholly-owned subsidiary of the Company or any of its affiliates; or

 (d) During any period of two consecutive years, individuals who, at the beginning of such period, constituted the Board cease, for any
reason, to constitute at least a majority thereof, unless the election or nomination for election for each new director was approved by the vote of at least two-thirds of the directors then still in office who were directors at the beginning of the
period. 
 (e) If Employee’s position is eliminated due to Change of Control, Employee will be paid out the remainder of his contract.

 5. Notice of Termination. “Notice of Termination” shall mean a written notice which shall indicate the specified termination
provision in this Employment Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Employee’s employment under the provision so indicated; provided, however, no
such purported termination shall be effective without such Notice of Termination; provided further, however, any purported termination by the Company or by Employee shall be communicated by a Notice of Termination to the other party hereto in
accordance with the Section entitled Notices of this Employment Agreement. 
  

 5 

 6. Date of Termination. “Date of Termination” shall mean the date specified in the Notice of
Termination (which, in the case of a termination pursuant to the Section entitled Termination Without Cause By The Company Or For Good Reason By Employee of this Employment Agreement shall not be less than sixty (60) days, and in the case of a
termination pursuant to this Section, entitled Definitions, of this Employment Agreement shall not be more than sixty (60) days, from the date such Notice of Termination is given); provided, however, that if within thirty (30) days after
any Notice of Termination is given the party receiving such Notice of Termination notifies the other party that a dispute exists concerning the termination, the Date of Termination shall be the date finally determined by either mutual written
agreement of the parties or by the final judgment, order or decree of a court of competent jurisdiction (the time for appeal there from having expired and no appeal having been taken). 
 FEES AND EXPENSES. The Company shall pay all legal fees and related expenses (including the costs of experts, evidence and counsel) incurred by Employee as a result of a contest or dispute over
Employee’s termination of employment only if such contest or dispute is resolved in Employee’s favor. 
 NOTICES. For the purposes of
this Employment Agreement, notices and all other communications provided for in the Employment Agreement shall be in writing and shall be deemed to have been duly given when personally delivered or sent by certified mail, return receipt requested,
postage prepaid, or by expedited (overnight) courier with established national reputation, shipping prepaid or billed to sender, in either case addressed to the respective addresses last given by each party to the other (provided that all notices to
the Company shall be directed to the attention of the Chairman with a copy to the Secretary of the Company) or to such other address as either party may have furnished to the other in writing in accordance herewith. All notices and communication
shall be deemed to have been received on the date of delivery thereof, or on the second day after deposit thereof with an expedited courier service, except that notice of change of address shall be effective only upon receipt. 
  

					
	 ̈	  	Company at:	  	20423 State Rd # 7
		  		  	Suite F6-490
		  		  	Boca Raton, FL
		  		  	33498
			
	 ̈	  	Employee at:	  	410 N. Ocean Ave.
		  		  	Delray Beach, FL 33483

 LIFE INSURANCE. The Company may, at any time after the execution of this Employment Agreement, apply
for and procure as owner and for its own benefit, life insurance on Employee, in such amounts and in such form or forms as the Company may determine. Employee shall, at the request of the Company, submit to such medical examinations, supply such
information, and execute such documents as may be required by the insurance company or companies to whom the Company has applied for such insurance. Employee hereby represents that to his knowledge she is in excellent physical and mental condition
and is not under the influence of alcohol, drugs or similar substance. 
 PRIOR EMPLOYMENT AGREEMENTS. Employee represents and warrants that
Employee’s performance of all the terms of this Employment Agreement and as an employee of the Company does not, and will not, breach any employment agreement, arrangement or understanding or any agreement, arrangement or understanding to keep
in confidence proprietary information acquired by Employee in confidence or in trust prior to Employee’s employment by the Company. Employee has not entered into, and shall not enter into, any agreement, arrangement or understanding, either
written or oral, which is in conflict with this Employment Agreement or which would be violated by Employee entering into, or carrying out his obligations under, this Employment Agreement. 
  

 6 

 PROPRIETARY INFORMATION AND INVENTIONS. Employee understands and acknowledges that: 
 1. During the term of the Employee’s employment under this Agreement, the Employee shall not, directly or indirectly, engage or be interested (as a
stockholder, director, officer, employee, salesperson, agent, broker, partner, individual proprietor, lender, consultant, or otherwise), either individually or in or through any person (whether a corporation, partnership, association, or other
entity) which engages, anywhere in the United States, in a business which is conducted by or competitive to the Company on the date of termination of his employment, except that she may be employed by an affiliate of the Company and hold not more
than 2% of the outstanding securities of any class of any publicly held company which is competitive with the business of the Company. 
 2. The
Employee shall not, directly or indirectly, either during the term of the Employee’s employment under this Agreement or thereafter, disclose to anyone (except in the regular course of the Company’s business or as required by law), or use
in any manner, any information acquired by the Employee during his employment by the Company with respect to any clients or customers of the Company or any confidential or secret aspect of the Company’s operations or affairs unless such
information has become public knowledge other than by reason of actions, direct or indirect, of the Employee. Information subject to the provisions of this paragraph shall include, without limitation: 
 (a) Procedures for computer access and passwords of the Company’s clients and customers, program manuals, user manuals, or other documentation, run
books, screen, file, or database layouts, systems flowcharts, and all documentation normally related to the design or implementation of any computer programs developed by the Company relating to computer programs or systems installed either for
customers or for internal use; 
 (b) Lists of present clients and customers and the names of individuals at each client or customer location
with whom the Company deals, the type of equipment or computer software they purchase or use, and information relating to those clients and customers which has been given to the Company by them or developed by the Company, relating to computer
programs or systems installed; 
 (c) Lists of or information about personnel seeking employment with or who are employed by the Company;

 (d) Prospect lists for actual or potential clients and customers of the Company and contact persons at such actual or potential clients and
customers; 
 (e) Any other information relating to the Company’s research, development, inventions, purchasing, engineering, marketing,
merchandising, and selling. 
 3. The Employee shall not, directly or indirectly, either during the term of the Employee’s employment under
this Agreement or for a period of one (1) year thereafter or for six (6) months following the Termination Date if this Employment Agreement is terminated by the Company other than with Cause or by the Employee for Good Reason; 

(a) Solicit, directly or indirectly, the services of any person who was a full-time employee of the Company, its subsidiaries, divisions, or affiliates,
or solicit the business of any person who was a client or customer of the Company, its subsidiaries, divisions, or affiliates, in each case at any time during the past year of the term of the Employee’s employment under this Agreement. For
purposes of this Agreement, the term “person” shall include natural persons, corporations, business trusts, associations, sole proprietorships, unincorporated organizations, partnerships, joint ventures, and governments, or any agencies,
instrumentalities, or political subdivisions thereof. 
  

 7 

 (b) Induce employees of the Company to terminate their employment with the Company or engage in any
Competitive Business in the United States; provided, however, that the ownership of the outstanding capital stock of a corporation whose shares are traded on a national securities exchange or on the over-the-counter market or the ownership and/or
operation of a franchise under a franchise agreement with the Company shall not be deemed engaging any Competitive Business. “Competitive Business” shall mean any other business that is the same as or similar to the Company concept as it
exists on the date of this Employment Agreement or on the Termination Date. 
 4. All memoranda, notes, records, or other documents made or
composed by the Employee, or made available to his during the term of this Agreement concerning or in any way relating to the business or affairs of the Company, its subsidiaries, divisions, affiliates, or clients shall be the Company’s
property and shall be delivered to the Company on the termination of this Agreement or at any other time at the request of the Company. 
 5.
During the employment period: 
 (a) The Employee agrees for himself and his heirs, personal representatives, successors, and assigns, upon
request of the Company, to at all times do such acts, such as giving testimony in support of the Employee’s inventorship, and to execute and deliver promptly to the Company such papers, instruments, and documents, without expense to his, as
from time to time may be necessary or useful in the Company’s opinion to apply for, secure, maintain, reissue, extend, or defend the Company’s worldwide rights in the Inventions or in any or all United States patents and in any or all
patents in any country foreign to the United States, so as to secure to the Company the full benefits of the Inventions or discoveries and otherwise to carry into full force and effect the text and the intent of the assignment set out in this
Section, Proprietary Information And Inventions. 
 (b) Notwithstanding any provision of this Agreement to the contrary, the Company shall have
the royalty-free right to use in its business, and to make, have made, use, and sell products, processes, and services to make, have made, use, and sell products, processes, and services derived from any inventions, discoveries, concepts, and ideas,
whether or not patentable, including, but not limited to, processes, methods, formulas, and techniques, as well as improvements thereof and know-how related thereto, that are not inventions as defined herein, but which are made or conceived by the
Employee during his employment by the Company or with the use or assistance of the Company’s facilities, materials, or personnel. If the Company determines that it has no present or future interest in any invention or discovery made by the
Employee under this paragraph, the Company shall release such invention or discovery to the Employee within Sixty (60) days after the Employee’s notice in writing is received by the Company requesting such release. If the Company
determines that it does or may in the future have an interest in any such invention or discovery, such information will be communicated to the Employee within the 60-day period described above. 
 (c) For purposes of this Section, Proprietary Information And Inventions, “Inventions” means inventions, discoveries, concepts, and ideas, whether
patentable or not, including, but not limited to, processes, methods, formulas, and techniques, as well as improvements thereof or know-how related thereto, concerning any present or prospective activities of the Company with which the Employee
becomes acquainted as a result of his employment by the Company. 
 6. The Employee acknowledges that the agreements provided in this Section,
Proprietary Information And Inventions, were an inducement to the Company entering into this Agreement and that the remedy at law for breach of Employee’s covenants under this Section, Proprietary Information And Inventions, will be inadequate
and, accordingly, in the event of any breach or threatened breach by the Employee of any provision of this Section, Proprietary Information And Inventions, the Company shall be entitled, in addition to all other remedies, to an injunction
restraining any such breach. 
  

 8 

 TRUST. Employee’s employment creates a relationship of confidence and trust between Employee and the
Company with respect to certain information applicable to the business of the Company, its subsidiaries, if any, (collectively, the “Group”) or applicable to the business of any franchisee, vendor or customer of any of the Group, which may
be made known to Employee by the Group or by any franchisee, vendor or customer of any of the Group or learned by Employee during the employment Period. 
 REMEDIES. Employee acknowledges and agrees that the Company’s remedy at law for a breach or a threatened breach of the provisions herein would be inadequate, and in recognition of this Fact, in the
event of a breach or threatened breach by Employee of any of the provisions of this Employment Agreement, it is agreed that the Company shall be entitled to, equitable relief in the form of specific performance, a temporary restraining order, a
temporary or permanent injunction or any other equitable remedy which may then be available, without posting bond or other security. Employee acknowledges that the granting of a temporary injunction, a temporary restraining order or other permanent
injunction merely prohibiting Employee from engaging in any Business Activities would not be an adequate remedy upon breach or threatened breach of this Employment Agreement, and consequently agrees upon any such breach or threatened breach to the
granting of injunctive relief prohibiting Employee from engaging in any activities prohibited by this Employment Agreement. No remedy herein conferred is intended to be exclusive of any other remedy, and each and every such remedy shall be
cumulative and shall be in addition to any other remedy given hereunder now or hereinafter existing at law or in equity or by statute or otherwise. 
 INDEMNIFICATION AGREEMENT. Upon the execution of this Employment Agreement, the Company and employee shall each execute and deliver to the other an Indemnification Agreement dated as of the date hereof. 
 BINDING EFFECT. This Employment Agreement shall inure to the benefit of and be enforceable by Employee’s personal and legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees. If Employee should die while any amounts would still be payable to his hereunder if he had continued to live, all such amounts, unless otherwise provided herein, shall be paid
in accordance with the terms of this Employment Agreement to Employee’s estate. 
 MODIFICATION AND WAIVER. No provision of this Employment
Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing and signed by Employee and such officer as may be specifically designated by the Board. No waiver by either party hereto at any
time of any breach by the other party hereto of, or compliance with, any condition or provision of this Employment Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same
or at any prior or subsequent time. 
 HEADINGS. Headings used in this Agreement are for convenience only and shall not be used to interpret or
construe its provisions. 
 WAIVER OF BREACH. The waiver of either the Company or Employee of a breach of any provision of this Employment
Agreement shall not operate or be construed as a waiver of any subsequent breach by either the Company or Employee. 
 AMENDMENTS. No amendments
or variations of the terms and conditions of this Employment Agreement shall be valid unless the same is in writing and signed by all of the parties hereto. 
  

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 SEVERABILITY. The invalidity or unenforceability of any provision of this Employment Agreement, whether in
whole or in part, shall not in any way affect the validity and/or enforceability of any other provision contained herein. Any invalid or unenforceable provision shall be deemed severable to the extent of any such invalidity or unenforceability. It
is expressly understood and agreed that while the Company and Employee consider the restrictions contained in this Employment Agreement reasonable for the purpose of preserving for the Company the good will, other proprietary rights and intangible
business value of the Company, if a final judicial determination is made by a court having jurisdiction that the time or territory or any other restriction contained in this Employment Agreement is an unreasonable or otherwise unenforceable
restriction against Employee, the provisions of such clause shall not be rendered void but shall be deemed amended to apply as to maximum time and territory and to such other extent as such court may judicially determine or indicate to be
reasonable. 
 GOVERNING LAW. This Employment Agreement shall be construed and enforced pursuant to the laws of the State of Florida.

 ARBITRATION. Any controversy or claim arising out of or relating to this Employment Agreement or any transactions provided for herein, or the
breach thereof, other than a claim for injunctive relief shall be settled by arbitration in accordance with the commercial Arbitration Rules of the American Arbitration Association (the “Rules”) in effect at the time demand for arbitration
is made by any party. The evidentiary and procedural rules in such proceedings shall be kept to the minimum level of formality that is consistent with the Rules. One arbitrator shall be named by the Company, a second shall be named by Employee and
the third arbitrator shall be named by the two arbitrators so chosen. In the event that the third arbitrator is not agreed upon, he or she shall be named by the American Arbitration Association. Arbitration shall occur in San Diego, California or
such other location agreed to by the Company and Employee. The award made by all or a majority of the panel of arbitrators shall be final and binding, and judgment may be entered in any court of law having competent jurisdiction. The award is
subject to confirmation, modification, correction, or vacation only as explicitly provided in Title 9 of the United States Code. The prevailing party shall be entitled to an award of pre- and post-award interest as well as reasonable attorneys’
fees incurred in connection with the arbitration and any judicial proceedings related thereto. 
 EXECUTIVE OFFICER STATUS. Employee
acknowledges that he may be deemed to be an “executive officer” of the Company for purposes of the Securities Act of 1993, as amended (the “1933 Act”), and the Securities Exchange Act of 1934, as amended (the “1934
Act”) and, if so, he shall comply in all respects with all the rules and regulations under the 1933 Act and the 1934 Act applicable to his in a timely and non-delinquent manner. In order to assist the Company in complying with its obligations
under the 1933 Act and 1934 Act, Employee shall provide to the Company such information about Employee as the Company shall reasonably request including, but not limited to, information relating to personal history and stockholdings. Employee shall
report to the General Counsel of the Company or other designated officer of the Company all changes in beneficial ownership of any shares of the Company Common Stock deemed to be beneficially owned by Employee and/or any members of Employee’s
immediate family. 
 PRONOUNS. All pronouns and any variations thereof shall be deemed to refer to the masculine, feminine, neuter, singular, or
plural, as the identity of the person or entity may require. As used in this agreement: (1) words of the masculine gender shall mean and include corresponding neuter words or words of the feminine gender, (2) words in the singular shall
mean and include the plural and vice versa, and (3) the word “may” gives sole discretion without any obligation to take any action. 
 COUNTERPARTS. This Employment Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which togethis shall constitute but one document. 
  

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 EXHIBITS. Any Exhibits attached hereto are incorporated herein by reference and are an integral part of this
Employment Agreement. 
 IN WITNESS WHEREOF, this Employment Agreement has been duly executed by the Company and the Employee as
of the date first above written. 
  

							
	Company:	 	 iTrackr, Inc
	 		 	
				
	Employee:	 	 /s/ John Rizzo
	 		 	Date: 1-19-2010
				
	Accepted by:	 	 John Rizzo
	 		 	
				
	Name/Title:	 	 Chairman of the Board
	 		 	Date: 1-19-2010

  

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