Document:

Prepared by R.R. Donnelley Financial -- EX-10.10

 Exhibit 10.10 
  

 
  

REGISTRATION RIGHTS AGREEMENT 
 of

 VIRGIN AMERICA INC. 
 Dated
as of             , 2014 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	 Section 1.
	 	Definitions	  	 	1	  
			
	 Section 2.
	 	Transfer of Rights	  	 	5	  
			
	 Section 3.
	 	Legends	  	 	5	  
			
	 Section 4.
	 	Demand Registration	  	 	5	  
			
	 Section 5.
	 	Piggyback Registrations	  	 	9	  
			
	 Section 6.
	 	Market Stand-off Agreements	  	 	10	  
			
	 Section 7.
	 	Registration Procedures	  	 	11	  
			
	 Section 8.
	 	Registration Expenses	  	 	14	  
			
	 Section 9.
	 	Securities Law Indemnification	  	 	15	  
			
	 Section 10.
	 	Participation in Underwritten Registrations; Rule 144	  	 	17	  
			
	 Section 11.
	 	Duration of Agreement	  	 	18	  
			
	 Section 12.
	 	[Reserved]	  	 	18	  
			
	 Section 13.
	 	Headings	  	 	18	  
			
	 Section 14.
	 	Severability	  	 	18	  
			
	 Section 15.
	 	Benefits of Agreement	  	 	18	  
			
	 Section 16.
	 	Notices	  	 	19	  
			
	 Section 17.
	 	Amendment; Waiver; Time of the Essence	  	 	21	  
			
	 Section 18.
	 	Counterparts	  	 	21	  
			
	 Section 19.
	 	Governing Law; Consent to Jurisdiction	  	 	21	  
			
	 Section 20.
	 	Remedies	  	 	22	  
			
	 Section 21.
	 	Change in Law, Etc.	  	 	22	  
			
	 Section 22.
	 	Cyrus	  	 	22	  
			
	 Section 23.
	 	Interpretation	  	 	23	  

  
 Page i 

 REGISTRATION RIGHTS AGREEMENT 

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is entered into as of
            , 2014, and among Virgin America Inc., a Delaware corporation (the “Company”), VX Holdings, L.P., a Delaware limited partnership, Virgin Management Limited, a
limited liability company organized under the laws of England and Wales, and VA Holdings (Guernsey) LP, a Guernsey limited partnership (collectively, “Virgin”), Cyrus Aviation Holdings, LLC, a Delaware limited liability company
(“Cyrus Aviation”), and CM Finance Inc, a Maryland corporation (together, for purposes of this Agreement only “Cyrus”), PAR Investment Partners, L.P., a Delaware limited partnership (“PAR”), and VAI MBO
Investors, LLC, a Delaware limited liability company ( “MBO” and together with Virgin and Cyrus and the other Persons (as defined below) party hereto, the “Pre-IPO Stockholders”). 

WHEREAS, this Agreement is being entered into in connection with the consummation of the transactions contemplated by: (i) that certain
Recapitalization Agreement, dated as of             , 2014, by and among the Company, certain of the Pre-IPO Stockholders and the other parties thereto (the “Recapitalization
Agreement”); and (ii) that certain Securities Purchase Agreement dated as of             , 2014 by and among the Company and certain of the Pre-IPO Stockholders (the
“Securities Purchase Agreement”); and 
 WHEREAS, it is a condition precedent to effecting the transactions contemplated by the
Recapitalization Agreement (the “Recapitalization”) and the Securities Purchase Agreement that the Company shall have executed and delivered to the Pre-IPO Stockholders this Agreement; and 

WHEREAS, to induce the Pre-IPO Stockholders to effect the Recapitalization under the Recapitalization Agreement and to induce PAR to
consummate the transactions contemplated by the Securities Purchase Agreement, the Company will undertake to register Registrable Securities (as hereinafter defined) under the Securities Act (as hereinafter defined) and to take certain other actions
with respect to the Registrable Securities; and 
 WHEREAS, the parties wish to enter into this Agreement to grant to each other certain
rights and obligations with respect to their ownership, directly and indirectly, of the Registrable Securities of the Company; 
 NOW,
THEREFORE, in consideration of the premises and of the mutual covenants and agreements herein contained, the parties hereto, intended to be legally bound, hereby agree as follows: 

Section 1. Definitions. As used in this Agreement, the following capitalized terms shall have the following meanings: 

Affiliate: When used with respect to a specified Person, another Person that (a) either directly or indirectly, through one or
more intermediaries, controls, or is controlled by, or is under common control with, the Person specified or (b) is a related co-investment vehicle, member or partner of such Person. 

Aviation Laws: Federal aviation laws codified in title 49, United States Code. 

  
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 Beneficial Ownership (including the terms “Beneficially Owned” or
“Owned Beneficially”): Beneficial ownership as defined in Rule 13d-3 (without regard to the 60-day provision in paragraph (d)(1)(i) thereof) under the Exchange Act. 

Block Trade: As defined in Section 4(h)(3). 

Board: The board of directors of the Company. 

Common Stock: The Voting Common Stock and the Non-Voting Common Stock. 

control (including the terms “controlled by” and “under common control with”): Control as defined in
Rule 12b-2 under the Exchange Act. 
 Demand Holders: Cyrus, Virgin, MBO and their Permitted Transferees, that have agreed to be
bound by the terms of this Agreement. 
 Demand Registration: A registration or distribution pursuant to Section 4(a) hereof.

 DOT: The United States Department of Transportation or any other federal department or agency at the time administering the
Aviation Laws. 
 Exchange Act: The U.S. Securities Exchange Act of 1934, as amended from time to time, and the rules and regulations
promulgated thereunder (or under any successor statute). 
 FAA: The Federal Aviation Administration. 

FINRA: The Financial Industry Regulatory Authority, Inc. 

Foreign Ownership Limitations: The United States federal regulatory restrictions with respect to the ownership and control of U.S.
airlines by non-United States Citizens. 
 Full Rightholders: Pre-IPO Stockholders and Permitted Transferees that became party to
this Agreement in accordance with Section 2 hereof. 
 Group: As defined in Section 13(d)(3) of the Exchange Act. 

MBO Investors: David Cush, Donald Carty, Ana Carty, Samuel Skinner, Robert Nickell, Cyrus Freidheim and Scott Freidheim. 

Non-Voting Common Stock: The common stock, par value $0.01 per share, of the Company, designated as non-voting common stock under the
Company’s Tenth Amended and Restated Certificate of Incorporation, as amended and/or restated from time to time, and any securities issued in respect thereof, or in substitution therefor, in connection with any stock split, dividend or
combination, or any reclassification, recapitalization, merger, consolidation, exchange or other similar reorganization, or any securities convertible into or exercisable or exchangeable for any such securities. 

  
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 Permitted Transfer: A transfer of Registrable Securities to a Permitted Transferee. 

Permitted Transferee: With respect to any Pre-IPO Stockholder, (i) the Company; (ii) any Affiliate of such Pre-IPO
Stockholder (including any Affiliate pursuant to a reorganization, recapitalization or other restructuring of such Person; (iii) the heirs, executors, administrators, testamentary trustees, legatees or beneficiaries of any individual who is a
Permitted Transferee; (iv) for estate planning purposes, any trust, the beneficiaries of which include only (A) individuals who are Permitted Transferees referred to in clauses (ii) or (iii) and (B) parents, spouses and
lineal descendants of individuals who are Permitted Transferees referred to in clause (ii); (v) with respect to Virgin (a) Sir Richard Branson together with the trustees of any settlement created by him; (b) any spouse of Sir Richard
Branson, or any child or remoter issue of his grandparents or any spouse of such child or issue; (c) the trustee or trustees for the time being of any settlement made by any person mentioned in (b); (d) any personal representative of Sir
Richard Branson or any of the persons referred to in (b); (e) any undertaking (as defined in section 259 of the United Kingdom Companies Act 1985) in any jurisdiction or other entity in which any person specified in (i) to
(iv) himself or together with any other person mentioned in (a) to (d) inclusive holds (directly or indirectly) more than 20% of the shares (as defined in section 259 of the United Kingdom Companies Act 1985) or otherwise has control
(as defined in Section 416 of the United Kingdom Income and Corporation Taxes Act 1988); and any person acting as bare nominee for an individual or any of the persons referred to in (a) to (e). 

Person: Any individual, partnership, limited partnership, limited liability company, joint venture, sole proprietorship, company or
corporation with or without share capital, unincorporated association, trust, trustee, executor, administrator or other legal personal representative, regulatory body or agency, government or governmental agency, authority or entity however
designated or constituted, or any Group comprised of two or more of the foregoing. 
 Piggyback Registration: A registration or
distribution pursuant to Section 5 hereof. 
 Prospectus: The prospectus included in any Registration Statement as amended or
supplemented by any prospectus supplement, including post-effective amendments and all material incorporated by reference in such prospectus. 

Public Offering: Any public offering of Common Stock pursuant to an effective registration statement under the Securities Act. 

Registrable Securities: Any (i) Common Stock held by any Full Rightholder, from time to time, and (ii) securities which have
been or may be issued or distributed in respect of the Common Stock covered by clause (i) by way of any conversion or any stock dividend, stock split or other distribution, recapitalization, or reclassification, exchange offer, merger,
consolidation or similar transaction; provided, further, that such securities shall cease to be Registrable Securities when (A) a Registration Statement with respect to the sale of such securities shall have been declared
effective under the applicable securities laws and such securities shall have been disposed of in accordance with such Registration Statement; (B) such 

  
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securities shall have been resold by the Full Rightholder pursuant to Rule 144 (or any successor provision) under the Securities Act and in compliance with the requirements of Rule 144;
(C) such securities shall have been otherwise transferred and new certificates, not subject to transfer restrictions under the securities laws and not bearing any legend restricting further transfer, shall have been delivered by the Company,
and no other applicable and legally binding restriction on transfer under securities laws shall exist; or (D) such securities are eligible for sale in accordance with Rule 144 under the Securities Act without regard to any volume or manner
of sale limitations, provided that the Common Stock held by PAR may not cease to be Registrable Securities by reason of this clause (D) until after the earlier of (x) the third anniversary of the date of this Agreement and (y) a date
specified by PAR by written notice to the Company at any time. 
 Registration: A Demand Registration, a Shelf Registration or a
Piggyback Registration. 
 Registration Statement: Any registration statement of the Company which covers any of the Registrable
Securities pursuant to the provisions of this Agreement, including the Prospectus, amendments and supplements to such Registration Statement, including post-effective amendments, all exhibits and all material incorporated by reference in such
Registration Statement. 
 SEC: The U.S. Securities and Exchange Commission. 

Securities Act: The United States Securities Act of 1933, as amended from time to time, and the rules and regulations promulgated
thereunder (or under any successor statute). 
 Securities Regulators: The SEC and any of its successors. 

Security Holder: Each of the parties hereto, other than the Company, and any Permitted Transferee of a Pre-IPO Stockholder, in each
case, that becomes a party to this Agreement. 
 Transfer: Directly or indirectly sell, transfer, assign, pledge, encumber,
hypothecate or similarly dispose of (by operation of law or otherwise), either voluntarily or involuntarily, or enter into any contract, option or other arrangement or understanding with respect to the sale, transfer, assignment, pledge,
encumbrance, hypothecation or similar disposition of (by operation of law or otherwise). For the avoidance of doubt, no Transfers may be undertaken by any Security Holder to avoid being subject to the provisions of this Agreement. 

Underwritten Registration or Underwritten Offering: A sale of securities of the Company to an underwriter for reoffering to the
public pursuant to an effective Registration Statement filed with the SEC. 
 United States Citizen: Any Person who is a
“citizen of the United States,” as that term is defined in 49 U.S.C. Section 40102(a)(15), as in effect on the date in question, or any successor statute or regulation, as interpreted by the DOT in applicable precedent. 

  
 4 

 Voting Common Stock: The common stock, par value $0.01 per share, of the Company
designated as voting common stock under the Company’s Tenth Amended and Restated Certificate of Incorporation, as amended and/or restated from time to time, and any securities issued in respect thereof, or in substitution therefor, in
connection with any stock split, dividend or combination, or any reclassification, recapitalization, merger, consolidation, exchange or other similar reorganization, or any securities convertible into or exercisable or exchangeable for any such
securities. 
 Section 2. Transfer of Rights. No proposed Permitted Transferee shall have any rights pursuant to this Agreement
unless such Permitted Transferee shall agree in writing with the parties hereto to be bound by, and to comply with, all applicable provisions of this Agreement and to be deemed to be a Security Holder for purposes of this Agreement. 

Section 3. Legends. Each certificate or other instrument evidencing Common Stock Transferred as above provided, shall bear a
legend to the effect that such securities are unregistered under the Securities Act and may not be Transferred unless the securities have been registered under the Securities Act or an exemption from registration is available, unless (i) such
Transfer is in accordance with the provisions of Rule 144 (or any other rule permitting public sale without registration under the Securities Act) or (ii) an opinion of counsel reasonably satisfactory to the Company to the effect that the
Transferee and any subsequent Transferee (other than an Affiliate of the Company) would be entitled to Transfer such securities in a public sale without registration under the Securities Act is delivered to the Company. 

Section 4. Demand Registration. 

(a) Right to Demand; Demand Notices. Subject to the provisions of this Section 4 and Section 10 of this Agreement, on or
after the first day of the month following the first anniversary of the Company’s initial Public Offering, any Demand Holder (on no more than five occasions collectively for so long as the Company is not eligible to register shares on Form
S-3), may make a written request to the Company for registration under and in accordance with the provisions of the Securities Act of all or part of the Registrable Securities owned by such Demand Holder totaling no less than 5% of the
then-outstanding shares of Common Stock (each a “Demand”); provided, however, that if the Company is entitled to register Registrable Securities on Form S-3 or any successor Form to such Form, then such 5% threshold
shall be reduced to a 1% threshold. Except in the case of a Shelf Registration (as defined below), promptly upon receipt of any such request (but in no event more than five business days thereafter), the Company will serve written notice (the
“Demand Notice”) of such registration request to the Full Rightholders, and the Company will, subject to Section 4(f), include in such registration all Registrable Securities of the Full Rightholders with respect to which the
Company has received written requests for inclusion therein within 10 days after the Demand Notice has been delivered to the Full Rightholders. All requests made pursuant to this Section 4(a) will specify the aggregate amount of
Registrable Securities such Full Rightholder desires to be registered and will also specify the intended methods of disposition thereof. If the Company is requested to effect a Demand Registration or a Shelf Registration or an Underwritten Offering
and the Board of Directors determines in good faith (by a resolution adopted by at least a majority of the members of the Board of Directors) that (i) it would reasonably be expected that the filing of such registration statement or execution
of such Underwritten Offering would 

  
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materially interfere with or require the public disclosure of any material corporate transaction, including any material financing, securities offering, acquisition, disposition, corporate
reorganization or merger involving the Company or any of its subsidiaries, or (ii) the Company possesses material non-public information that would reasonably be expected not to be in the best interests of the Company to be disclosed on or
before the date such filing would otherwise be required hereunder, the Company shall have the right to defer such filing or Underwritten Offering for a period of not more than 90 days after receipt of the request for such registration from the
Demand Holders, provided that such right may not be exercised more than once in any 12-month period. If the Company shall so postpone the filing of a registration statement or prospectus supplement, as applicable, and if the Demand Holders
within 30 days after receipt of a notice of postponement from the Company advise the Company in writing that they have determined to withdraw such request for registration, then such Demand Registration shall be deemed to be withdrawn and such
request shall be deemed not to have been exercised for purposes of determining whether such Demand Holders have exercised their right to one of the Demand Registrations permitted to such Demand Holders pursuant to this Section 4(a). For
purposes of counting the number of Demand Registrations, the Company will not have been deemed to effect a Demand Registration unless and until the Registration Statement requested under this Section 4(a) becomes effective and remains effective
under the Securities Act until all Registrable Securities covered by such Registration Statement have been sold (the “Effectiveness Period”). For the avoidance of doubt, a Demand Registration shall not constitute a Demand
Registration for purposes of this Section 4(a) if the Registration Statement relating thereto is not maintained effective for its entire Effectiveness Period, in which case the Demand Holder initiating such Demand Registration shall be
entitled to an additional Demand Registration in lieu thereof. 
 (b) Shelf Registrations. On or after the first day of the
month following the first anniversary of the Company’s initial Public Offering, each of the Demand Holders (collectively, the “Shelf Initiating Holders,” and each, a “Shelf Initiating Holder,” for purposes of
this Section 4(b) and Section 4(h) hereof) will have the right to make a written request that the Company register, under the Securities Act, on Form S-3, in an offering on a delayed or continuous basis pursuant to Rule 415 under the
Securities Act, the sale of all or a portion of the Registrable Securities owned by such Shelf Initiating Holders (a “Shelf Registration”). For the avoidance of doubt, a Shelf Registration and any prospectus, prospectus supplement
or post-effective amendment filed with the SEC associated with any shelf “takedown” shall not constitute a Demand Registration. Upon receipt of a request for a Shelf Registration, the Company shall give written notice of such request to
all of the Full Rightholders (other than the Shelf Initiating Holders) as promptly as practicable but in no event later than 5 days after the receipt of a request for a Shelf Registration, and such notice shall describe the proposed Shelf
Registration, the intended method of disposition of such Registrable Securities and any other information that at the time would be appropriate to include in such notice, and offer such Full Rigthholders the opportunity to register the number of
Registrable Securities as each such Full Rightholder may request in writing to the Company, given within 10 days after their receipt from the Company of the written notice of such Shelf Registration and the Company will, subject to
Section 4(f), include in such Shelf Registration all such Registrable Securities requested to be included, provided, however, notwithstanding any other provision of this Agreement, the Company may file such Shelf Registration during the
10-day period but in no event shall the Company cause such Shelf Registration to be declared effective prior to the expiration of such 

  
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10-day period. The “Plan of Distribution” section of such Form S-3, shall permit all lawful means of disposition of Registrable Securities, including firm-commitment underwritten public
offerings, Block Trades, agented transactions, sales directly into the market, purchases or sales by brokers, hedging transactions and sales not involving a public offering. With respect to each Registration Statement, the Company shall (i) as
promptly as practicable after the written request of the Shelf Initiating Holders, file a Registration Statement and (ii) use its commercially reasonable efforts to cause such Registration Statement to be declared effective as promptly as
practicable, other than as described in Section 4(a) hereof or if the Registration Statement relating to such request would be required pursuant to the rules and regulations of the Securities Act to include any audited or unaudited
consolidated or pro forma financial statements that are not then currently available, in which case for each of (i) and (ii), promptly after such financial statements are available. 

(c) Limitations on Demand Registrations. The Company shall not be required to effect more than two (2) Demand Registrations
pursuant to Section 4(a) in any 12-month period, provided that Virgin and Cyrus will each be allowed to effect at least one (1) Demand Registration within such 12-month period. 

(d) Registration Statement Form. Subject to Section 4(a), registrations under this Section 4 shall be on such appropriate
registration form of the SEC (i) as shall be selected by the Company and as shall be reasonably acceptable to the Demand Holders participating in the registration and (ii) as shall permit the disposition of such Registrable Securities in
accordance with the intended method or methods of disposition specified in such holders’ request for such registration. If, in connection with any registration under this Section 4 which is proposed by the Company to be on Form S-3 or
any successor form to such Form, the managing underwriter, if any, shall advise the Company in writing that in its opinion the use of another permitted form is of material importance to the success of the offering, then such registration shall be on
such other permitted form. 
 (e) Effective Registration Statement. Subject to Section 4(a), the Company shall be deemed to have
effected a Demand Registration if the Registration Statement relating to such Demand Registration is declared effective by the SEC and remains effective until all the shares covered by such Registration Statement have been sold or withdrawn. For the
avoidance of doubt, if at any time after the relevant Demand Holders request a Demand Registration and prior to the effectiveness of the Registration Statement, the registration or distribution is discontinued or such Registration Statement is
withdrawn or abandoned, in each case after the filing of the Registration Statement with the SEC, at the request of the Demand Holders, the Company shall not be deemed to have effected a Demand Registration. 

(f) Priority on Demand Registrations and Shelf Registrations (collectively, “Registrations,” and, each, a
“Registration”). If a Registration pursuant to this Section 4 involves an Underwritten Offering and the managing underwriter or underwriters of such proposed Underwritten Offering advises the Company that in its good faith opinion the
number of securities requested to be included in such Registration would be reasonably likely to materially adversely affect the price, timing or distribution of the securities offered, then the Company will include in such Registration
(A) first, the number of Registrable Securities that, in the opinion of such managing underwriter or underwriters can be sold in the offering without 

  
 7 

 
resulting in a material adverse effect on the price, timing or distribution of the securities offered, selected pro rata among the Demand Holders which have requested to be included in
such Registration based upon their relative proportionate total holdings of Registrable Securities (on an as converted to Common Stock basis); (B) second, the number of Registrable Securities which other holders of Registrable Securities
contractually entitled to do, including the Full Rightholders, so have requested be included in such Registration, which, in the opinion of the managing underwriter or underwriters, can be sold without resulting in a material adverse effect as
referred to above, such amount to be allocated pro rata among such other holders based upon their proportionate total holding of Registrable Securities (on an as converted to Common Stock basis) relative to one another; and (C) third, the
number of Registrable Securities which the Company has requested be included in such Registration, which, in the opinion of the managing underwriter or underwriters, can be sold without resulting in such material adverse effect referred to above.

 (g) Selection of Underwriters. If any offering pursuant to a Demand Registration involves an Underwritten Offering, the Demand
Holders participating in such Demand Registration shall have the right, subject to the consent of the Company (which consent shall not be unreasonably withheld, conditioned or delayed) to select the managing underwriter or underwriters to administer
the offering, which managing underwriters shall be a firm of nationally recognized standing. 
 (h) Underwritten Shelf Takedowns.

 (1) If, in the case of an offering pursuant to a Registration Statement filed pursuant to Section 4(b) and any Shelf
Initiating Holder so elects, such offering shall, by written notice delivered to the Company, be in the form of an Underwritten Offering. The Company shall (i) as promptly as reasonably practicable but in no event later than five days
after the receipt of a request for an offering pursuant to this Section 4(h) from any Shelf Initiating Holder, give written notice thereof to all other Demand Holders and Full Rightholders, which notice shall specify the number of Registrable
Securities subject to the request, the names and notice information of the Shelf Initiating Holder initiating such offering and, to the extent known, the intended method of disposition of such Registrable Securities and (ii) subject to
Section 4(f), include in such offering all of the Registrable Securities requested by such Full Rightholder for inclusion in such offering from whom the Company has received a written request for inclusion therein within five days after the
receipt by such Full Rightholder of such written notice referred to in clause (i) above. Each such request by such Full Rightholders shall specify the number of Registrable Securities proposed to be included in such offering. The
failure of any Full Rightholder to respond within such five-day period referred to in clause (ii) above shall be deemed to be a waiver of such Full Rightholder’s rights under this Section 4(h) with respect to such offering. Any
Full Rightholder, including a Demand Holder, may waive its rights under this Section 4(h) prior to the expiration of such five-day period by giving written notice to the Company or the Shelf Initiating Holder proposing the Underwritten
Offering. Subject to Section 4(h)(3), in no event shall the Company be required to effect more than one Underwritten Offering pursuant to this Agreement in any six (6) month period. With respect to any Underwritten Offering pursuant
to this Section 4(h)(1), the managing underwriter(s) for the offering shall be selected in accordance with Section 4(g). Any Underwritten Offering pursuant to this Section 4(h)(1) shall be for at least 1% of the then-outstanding
shares of Common Stock 

  
 8 

 (2) In the case of an Underwritten Offering, pursuant to this Section 4, the
Company and the Full Rightholders selling in such offering shall enter into and perform their respective obligations under an underwriting agreement with such underwriters for such offering, with such agreement to contain such representations and
warranties by the Company and the Full Rightholders selling in such offering and such other terms and provisions as are customarily contained in underwriting agreements with respect to secondary distributions, which may include, without limitation,
lock-up agreements of the Company and its directors, officers and principal shareholders, including the Full Rightholders (which lock-up agreements the Company shall use its commercially reasonable best efforts to obtain), indemnities and
contribution to the effect and to the extent provided in Section 9 hereof and the provision of independent certified public accountants’ letters. 

(3) Notwithstanding anything contained in this Agreement, in the event of an Underwritten Offering not involving (i) any
“road show” or a (ii) lock-up agreement of more than sixty (60) days to which the Company is a party, and which is commonly known as a “block trade” (a “Block Trade”), (1) the requesting Demand
Holder shall (i) give at least two business days prior notice in writing of such transaction to the Company and (ii) identify the potential underwriter(s) in such notice with contact information for such underwriter(s) and (2) the
Company shall cooperate with such requesting Demand Holder or Demand Holders to the extent it is reasonably able and shall not be required to give notice thereof to all other Demand Holder or permit their participation therein. Any Block Trade shall
be for at least $20 million in expected gross proceeds. The Company shall not be required to effectuate more than five Block Trades in any 12-month period; provided, that (x) Cyrus and/or its Permitted Transferees shall be entitled
to effectuate a minimum of two of such Block Trades in any 12-month period and (y) Virgin and/or its Permitted Transferees shall be entitled to effectuate a minimum of two of such Block Trades in any 12-month period; provided,
further, that if Cyrus and/or its Permitted Transferees, on the one hand, and Virgin and/or its Permitted Transferees, on the other hand, participate in any Block Trade effectuated by the other Person, it shall count as a Block Trade by each
of Cyrus and Virgin for purposes of clause (x) and (y) above. In the event that Cyrus and/or its Permitted Transferees and Virgin and/or its Permitted Transferees have each effectuated two Block Trades in any 12-month period (i.e., there
have been a total of four separate Block Trades as of the measurement date), each such Person hereby agrees to give at least three calendar days’ notice to the other Person before effectuating a third Block Trade in such 12-month period and to
permit such other Person to participate in such Block Trade on a pro rata basis. 
 Section 5. Piggyback Registrations. 

(a) Participation. Subject to Section 5(b) hereof, if at any time after the Public Offering, the Company files a registration
statement (other than a registration on Form S-4 or S-8 or any successor form to such Forms or any registration of securities as it relates to an offering and sale to service providers to the Company
pursuant to any stock plan or other 

  
 9 

 
benefit plan arrangement) with respect to the sale of any shares of Common Stock , then the Company shall give prompt notice (the “Initial Notice”) to the Full Rightholders. The
Initial Notice shall offer the Full Rightholders, the opportunity to register such number of Registrable Securities as such holders may request and shall set forth (i) the anticipated filing date of such Registration Statement, (ii) the
number of shares of Common Stock that is proposed to be included in such Registration Statement, and (iii) the proposed manner of distribution. Subject to Section 5(b), the Company shall include in such Registration Statement such
Registrable Securities for which it has received written requests to register such shares within 20 business days after delivery of the Initial Notice. The Company may decline to file a Registration Statement after giving the Initial Notice, or
withdraw a Registration Statement after filing and after such Initial Notice, but prior to the effectiveness of the Registration Statement. 

(b) Underwriters Cutback. Notwithstanding the foregoing, if a Registration pursuant to this Section 5 involves an Underwritten
Offering and the managing underwriter or underwriters of such proposed Underwritten Offering advises the Company that in its good faith opinion the number or kind of securities which are intended to be included in such offering, or the inclusion of
selling stockholders, would be reasonably likely to materially adversely affect the price, timing or distribution of the securities offered in such offering, then the Company shall include in such Registration (i) first, 100% of the securities
proposed to be sold by the Company, and (ii) second, the securities proposed to be sold by the other holders, to the extent of the amount of securities which such other holders, including the Full Rightholders, have requested to be included in
such Registration (under Section 5(a)), which, in the opinion of the managing underwriter or underwriters, can be sold without such adverse effect referred to above, such amount to be allocated pro rata between such other holders based upon
their proportionate holdings of Registrable Securities (on an as converted to Common Stock basis) relative to one another. 

Section 6. Market Stand-off Agreements. Each Full Rightholder agrees, if requested by the managing underwriters in an Underwritten
Offering, except in connection with a Block Trade, not to effect any public sale or distribution of securities of the Company the same as or similar to those being registered, or any securities convertible into or exchangeable or exercisable for
such securities, in such Registration Statement, including a sale pursuant to Rule 144 or Rule 144A under the Securities Act (except as part of such Underwritten Registration), during the 90-day period beginning on the commencement of the
public distribution of securities, to the extent timely notified in writing by the Company or the managing underwriters. In order to enforce the foregoing covenants, the Company may impose stop-transfer instructions with respect to the securities of
each Full Rightholder. The Full Rightholders agree to enter into a separate agreement providing for the foregoing, as may be requested by the Company and the managing underwriter(s) of any such public offering; provided, however, that
all executive officers and directors of the Company, each Full Rightholder and all other Persons with registration rights (whether or not pursuant to this Agreement) are bound by and have entered into an agreement with substantially identical
material terms. 

  
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 Section 7. Registration Procedures. 

(a) In connection with the Company’s Registration obligations pursuant to Section 4 and 5 hereof, the Company will use its
commercially reasonable efforts to effect such Registration to permit the sale of Registrable Securities in accordance with the intended method or methods of distribution thereof, and pursuant thereto the Company will as expeditiously as possible:

 (i) Except as expressly otherwise provided in this Agreement, prepare and file with the SEC, but in any event no later than 90 days
after a request for an underwritten offering, or 30 days in the case of a request for a Registration on Form S-3 or any successor Form to such Form, a Registration Statement or Registration Statements relating to the applicable Demand
Registration, Shelf Registration or Piggyback Registration including all exhibits and financial statements required by the SEC to be filed therewith, and use its best efforts to cause such Registration Statement to become effective and remain
effective until the distribution described in such Registration Statement is completed; provided that the Company will furnish to each selling holder and the managing underwriters, if any, copies of such Registration Statement and any
amendments or supplements in the form filed with the SEC, simultaneously with the filing of such Registration Statement, amendments or supplements; 

(ii) prepare and file with the SEC such amendments and post-effective amendments to the Registration Statement and Prospectus as may be
necessary to keep the Registration Statement effective until the distribution described in such Registration Statement is completed, and cause the Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be
filed pursuant to Rule 424 under the Securities Act; 
 (iii) notify the selling holders and the managing underwriters, if any, and (if
requested) confirm such advice in writing, as soon as practicable after notice thereof is received by the Company (A) when the Registration Statement or any amendment thereto has been filed or becomes effective, the Prospectus or any amendment
or supplement to the Prospectus has been filed, and, to furnish such selling holders and managing underwriters with copies thereof, (B) of any request by the Securities Regulators for amendments or supplements to the Registration Statement or
the Prospectus or for additional information, (C) of the issuance by the Securities Regulators of any stop order or cease trade order suspending the effectiveness of the Registration Statement or any order preventing or suspending the use of
any preliminary Prospectus or Prospectus or the initiation or threatening of any proceedings for such purposes, and (D) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Registrable
Securities for offering or sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; 
 (iv) promptly
notify the selling holders and the managing underwriters, if any, at any time during the period of effectiveness set forth in clause (ii) above, when the Company becomes aware of the happening of any event as a result of which the Prospectus
included in such Registration Statement (as then in effect) contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements therein (in the case of the Prospectus and any preliminary Prospectus in
light of the circumstances under which they were made) when such Prospectus was delivered not misleading or, if for any other reason it 

  
 11 

 
shall be necessary during such time period to amend or supplement the Prospectus in order to comply with the Securities Act and, as promptly as practicable thereafter, prepare and file with the
SEC, and furnish without charge to the selling holders and the managing underwriters, if any, a supplement or amendment to such Prospectus which will correct such statement or omission or effect such compliance; 

(v) deliver promptly to each selling holder and each underwriter, if any, subject to restrictions imposed by the United States federal
government or any agency or instrumentality thereof, copies of all correspondence between the SEC and the Company and its counsel or auditors and all memoranda relating to discussions with the SEC or its staff with respect to the registration
statement and make available for inspection by any selling holder, any underwriter participating in any disposition pursuant to such Registration Statement and any attorney, accountant or other professional retained by any such selling holder or
underwriter (collectively, the “Inspectors”), all financial and other records, pertinent corporate documents and properties of the Company (collectively, the “Records”), as shall be reasonably necessary to enable
them to perform a reasonable and customary due diligence investigation, and cause the Company’s officers, directors and employees to supply all information reasonably requested by any Inspectors in connection with such registration statement.
Records which the Company determines, in good faith, to be confidential and which it notifies the Inspectors are confidential shall not be disclosed by the Inspectors unless (i) the disclosure of such Records is necessary to avoid or correct a
misstatement or omission in such registration statement or (ii) the disclosure or release of such Records is requested or required pursuant to oral questions, interrogatories, requests for information or documents or a subpoena or other order
from a court of competent jurisdiction or other process; provided that prior to any disclosure or release pursuant to clause (ii), the Inspectors shall provide the Company with prompt notice of any such request or requirement so that the
Company may seek an appropriate protective order, at the Company’s expense, or waive such Inspectors’ obligation not to disclose such Records; and provided, further, that if failing the entry of a protective order or the
waiver by the Company permitting the disclosure or release of such Records, the Inspectors, upon advice of counsel, are compelled to disclose such Records, the Inspectors may disclose that portion of the Records which counsel has advised the
Inspectors that the Inspectors are compelled to disclose; 
 (vi) make every commercially reasonable effort to obtain the withdrawal of any
stop order, cease trade order or other order suspending the use of any preliminary Prospectus or Prospectus or suspending any qualification of the Registrable Securities covered by the Registration Statement; 

(vii) furnish to each selling holder and each managing underwriter, without charge, one executed copy and as many conformed copies as they
may reasonably request, of the Registration Statement, and any post-effective amendment thereto, including financial statements and schedules, all documents incorporated therein by reference and all exhibits (including those incorporated by
reference), and provide selling holders and their counsel with a reasonable opportunity to review, and provide comments to the Company on, the Registration Statement; 

(viii) deliver to each selling holder and the underwriters, if any, without charge, as many copies of the Prospectus (including each
preliminary Prospectus), and any 

  
 12 

 
amendment or supplement thereto as such Persons may reasonably request (it being understood that the Company consents to the use of the Prospectus or any amendment or supplement thereto by each
of the selling holders and the underwriters, if any, in connection with the offering and sale of the shares covered by the Prospectus or any amendment or supplement thereto) and such other documents as such selling holder may reasonably request in
order to facilitate the disposition of the shares by such holder; 
 (ix) on or prior to the date on which the Registration Statement is
declared effective, use its commercially reasonable efforts to register or qualify, and cooperate with the selling holders, the managing underwriter or agent, if any, and their respective counsel in connection with the registration or qualification
of such shares for offer and sale under the securities or blue sky laws of each state and other jurisdiction of the United States as any such seller, underwriter or agent reasonably requests in writing and do any and all other acts or things
reasonably necessary or advisable to keep such registration or qualification in effect for so long as such Registration Statement remains in effect, and so as to permit the continuance of sales therein for as long as may be necessary to complete the
distribution of the Registrable Securities covered by the Registration Statement, provided that the Company will not be required to qualify generally to do business in any jurisdiction where it is not then so qualified or to take any action
which would subject it to general service of process in any such jurisdiction where it is not then so subject; 
 (x) in the case of an
Underwritten Offering, enter into customary agreements (including an underwriting agreement in customary form containing representations, provisions regarding indemnification and contribution and other usual provisions) and take such other actions
as are reasonably required in order to expedite or facilitate the sale of such Registrable Securities, including, without limitation, providing information in the Prospectus as is reasonably requested by the managing underwriter and making
management of the Company available to participate in a customary “roadshow” as reasonably requested by the managing underwriters; 

(xi) use its best efforts to comply with all applicable rules and regulations of the SEC and make generally available to its security
holders, as soon as reasonably practicable (but not more than 18 months) after the effective date of the Registration Statement, an earnings statement satisfying the provisions of Section 10(a) of the Securities Act and the rules and
regulations promulgated thereunder; 
 (xii) as promptly as practicable after filing with the SEC any document which is incorporated by
reference into the Registration Statement or the Prospectus, provide copies of such document to counsel for the selling holders and to the managing underwriters, if any; 

(xiii) use its best efforts to cause all Registrable Securities to be listed on a national securities exchange (if such shares are not
already so listed) and on each additional national securities exchange on which similar securities issued by the Company are then listed (if any), if the listing of such Registrable Securities is then permitted under the rules of such exchange; 

  
 13 

 (xiv) appoint a transfer agent and registrar for all such Registrable Securities covered by the
Registration Statement not later than the effective date of such Registration Statement; and 
 (xv) furnish to each selling holder and to
each underwriter a signed counterpart, addressed to such selling holder or such underwriter, (a) an opinion or opinions of counsel to the Company in customary form and covering such matters of the type customarily covered by such opinions as
the selling holders or the managing underwriters may reasonably request and (b) in the case of an Underwritten Offering, a letter from the independent certified public accountants of the Company, in form and substance as is customarily given by
independent certified public accountants to underwriters in an underwritten public offering. 
 (b) The Company may require each selling
holder as to which any Registration is being effected to furnish to the Company such information regarding the distribution of such securities and such other information relating to such holder and its ownership of shares as the Company may from
time to time reasonably request in writing. Each holder agrees to furnish such information to the Company and to cooperate with the Company as necessary to enable the Company to comply with the provisions of this Agreement. 

(c) Each selling holder agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in
Section 7(a)(iv) hereof, such holder will forthwith discontinue disposition of Registrable Securities pursuant to such Registration Statement until such holder’s receipt of the copies of the supplemented or amended Prospectus contemplated
by Section 7(a)(iv) hereof, or until it is advised in writing by the Company that the use of the Prospectus may be resumed, and has received copies of any additional or supplemental filings which are incorporated by reference in the Prospectus,
and, if so directed by the Company, such holder will deliver to the Company (at the Company’s expense) all copies, other than permanent file copies then in such holder’s possession, of the Prospectus covering such Registrable Securities
current at the time of receipt of such notice. 
 Section 8. Registration Expenses. All expenses incident to the Company’s
performance of or compliance with the registration obligations of the Company set forth in this Agreement (“Registration Expenses”), including, without limitation, (i) all registration and filing fees, and any other fees and
expenses associated with filings required to be made with any stock exchange or securities regulators (including the SEC and FINRA), (ii) all fees and expenses of compliance with state securities or blue sky laws (including fees and
disbursements of counsel for the underwriters in connection with blue sky qualifications of the Registrable Securities under the laws of such jurisdictions as the managing underwriters may designate), (iii) all printing and related messenger
and delivery expenses (including expenses of printing certificates for the shares in a form eligible for deposit with The Depository Trust Company and of printing prospectuses), (iv) all fees and disbursements of counsel for the Company and of
all independent certified public accountants and chartered accountants of the Company (including the expenses of any special audit and “cold comfort” letters required by or incident to such performance), (v) Securities Act liability
insurance if the Company so desires, (vi) all fees and expenses incurred in connection with the listing of the Registrable Securities on any securities exchange and (vii) all fees and disbursements of underwriters customarily paid by the
issuers or sellers of securities, excluding underwriting discounts and commissions and transfer taxes, if any, and 

  
 14 

 
excluding fees and disbursements of counsel to underwriters (other than such fees and disbursements incurred in connection with any registration or qualification of shares under the securities or
blue sky laws of any state), will be borne by the Company, regardless of whether the Registration Statement becomes effective. The Company will, in any event, pay its internal expenses (including, without limitation, all salaries and expenses of its
officers and employees performing legal or accounting duties), the expense of any audit and the fees and expenses of any Person, including special experts, retained by the Company. In connection with any registration of Registrable Securities
pursuant to Section 4 or 5 hereof, the Full Rightholders selling Registrable Securities covered in any such registration may select one counsel (such counsel to be selected by a vote of such Full Rightholders based on the number of shares of
Common Stock being sold in such registration by such Full Rightholders) to represent all holders of Registrable Securities covered by such registration and the reasonable fees and expenses of such counsel will be borne by the Company. 

Section 9. Securities Law Indemnification. 

(a) Indemnification by the Company. Subject to Section 9(b) and the other provisions of this Section 9, the Company agrees to
indemnify and hold harmless, to the full extent permitted by law, each Full Rightholder, its officers, directors, members, employees, agents and each Person who controls such holder (within the meaning of the Securities Act) against all losses,
claims, damages, liabilities and expenses arising out of or based upon (i) any untrue or alleged untrue statement of a material fact contained in any Registration Statement, Prospectus or preliminary Prospectus, (ii) any omission or
alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, or (iii) any violation or alleged violation of the Securities Act, the Exchange Act or any state
securities law in connection with the offering covered by such Registration Statement, and further, the Company shall reimburse each Full Rightholder, its officers, directors, members, employees, agents and each Person who controls such Full
Rightholder for any reasonable legal and other expenses as and when incurred in connection with investigating or defending any such loss, claim, damage, liability or expense; provided, however, that the indemnity and reimbursement
contained in this Section 9(a) shall not apply to the extent that any such loss, claim, damage, liability or expense arises out of or is based upon any untrue statement or omission concerning the Full Rightholder required under the Securities
Act to be included in the Registration Statement which is based upon written information furnished to the Company by or at the direction of such Full Rightholder specifically for inclusion in such Registration Statement in connection with the
offering of securities of the Company. The Company will also indemnify underwriters, selling brokers, dealer managers and similar securities industry professionals participating in the distribution, their officers and directors and each Person who
controls such Persons (within the meaning of the Securities Act) to the same extent as provided above with respect to the indemnification of the Full Rightholders, if requested; provided that the Company will use its reasonable efforts to
negotiate the terms of the indemnification provisions of an underwriting agreement provided by any underwriter engaged in accordance with the provisions of this Agreement. The indemnification provided herein shall survive any Transfer of securities
covered hereby. 
 (b) Indemnification by Full Rightholders. In connection with each Registration, each Full Rightholder will furnish
to the Company in writing such information 

  
 15 

 
concerning the Full Rightholder required under the Securities Act to be included in any Registration Statement or Prospectus, as the case may be and agrees to indemnify and hold harmless, to the
full extent permitted by law, the Company, its directors and officers and each Person who controls the Company (within the meaning of the Securities Act) against any losses, claims, damages, liabilities and expenses arising out of or based upon
(i) any untrue or alleged untrue statement of a material fact contained in any Registration Statement, Prospectus, or preliminary Prospectus, (ii) any omission or alleged omission to state therein a material fact required to be stated
therein or necessary to make the statements therein not misleading or (iii) any violation or alleged violation of the Securities Act, the Exchange Act or any state securities law in connection with the offering covered by such Registration
Statement, but only to the extent, that such untrue statement or omission is contained in any information or certificate so furnished in writing by such Full Rightholder to the Company specifically for inclusion in such Registration Statement or
Prospectus; provided that such indemnity shall be subject to a cap for each Full Rightholder in the amount of the net sale proceeds received by such Full Rightholder in connection with the offering covered by such Registration Statement. The
Company shall be entitled to receive indemnification and reimbursement from underwriters, selling brokers, dealer managers and similar securities industry professionals participating in the distribution, to the same extent as provided above with
respect to information so furnished in writing by such Persons specifically for inclusion in any Prospectus or Registration Statement. 

(c) Conduct of Indemnification Proceedings. Any Person entitled to indemnification hereunder will (i) give prompt (but in any
event within 30 days after such Person has actual knowledge of the facts constituting the basis for indemnification) written notice to the indemnifying party of any claim with respect to which it seeks indemnification and (ii) permit such
indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party; provided, however, that any delay or failure to so notify the indemnifying party shall relieve the indemnifying party
of its obligations hereunder only to the extent, if at all, that it is prejudiced by reason of such delay or failure; provided, further, however, that any Person entitled to indemnification hereunder shall have the right to
select and employ separate counsel and to participate in the defense of such claim, but the fees and expenses of such counsel shall be at the expense of such Person unless (a) the indemnifying party has agreed in writing to pay such fees or
expenses, or (b) the indemnifying party shall have failed to assume the defense of such claim within a reasonable time after receipt of notice of such claim from the Person entitled to indemnification hereunder and employ counsel reasonably
satisfactory to such Person or (c) in the reasonable judgment of any such Person, based upon advice of its counsel, a conflict of interest may exist between such Person and the indemnifying party with respect to such claims (in which case, if
the Person notifies the indemnifying party in writing that such Person elects to employ separate counsel at the expense of the indemnifying party, the indemnifying party shall not have the right to assume the defense of such claim on behalf of such
Person). If such defense is not assumed by the indemnifying party, the indemnifying party will not be subject to any liability for any settlement made without its consent (but such consent will not be unreasonably withheld, conditioned or delayed).
No indemnifying party will be required to consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnifying party of a release from all
liability in respect to such claim or litigation. Whenever the indemnified party or the indemnifying party receives a firm written or other offer to settle a claim for which indemnification is sought hereunder, it shall promptly

  
 16 

 
notify the other of such offer and provide a copy thereof, if available. If the indemnifying party refuses to accept such offer within 20 business days after receipt of such offer, such
claim shall continue to be contested and, if such claim is within the scope of the indemnifying party’s indemnity contained herein, the indemnified party shall be indemnified pursuant to the terms hereof. If the indemnifying party notifies the
indemnified party in writing that the indemnifying party desires to accept such offer, but the indemnified party refuses to accept such offer within 20 business days after receipt of such notice, the indemnified party may continue to contest
such claim and, in such event, the total maximum liability of the indemnifying party to indemnify or otherwise reimburse the indemnified party hereunder with respect to such claim shall be limited to and shall not exceed the amount of such offer,
plus reasonable out-of-pocket costs and expenses (including reasonable attorneys’ fees and disbursements) to the date of notice that the indemnifying party desires to accept such offer. An indemnifying party who is not entitled to, or elects
not to, assume the defense of a claim will not be obligated to pay the fees and expenses of more than one counsel for all parties indemnified by such indemnifying party with respect to such claim. If it is determined that indemnification is
appropriate, indemnification for expenses and fees shall be advanced as requested from time to time by an indemnified party. 
 (d)
Contribution. If for any reason the indemnification provided for in Section 9(a) or 9(b) is unavailable to an indemnified party or insufficient to hold it harmless as contemplated thereby (except for the reasons set forth in Sections
9(a) and 9(b), as applicable), then the indemnifying party shall contribute to the amount paid or damage or liability in such proportion as is appropriate to reflect not only the relative benefits received by the indemnified party and the
indemnifying party, but also the relative fault of the indemnified party and the indemnifying party, as well as any other relevant equitable considerations. No Person guilty of fraudulent misrepresentation (within the meaning of Section 10(f)
of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. Each Person’s obligations to contribute pursuant to this Section 9(d) are several in proportion to the
proceeds received by such Person and not joint. 
 Section 10. Participation in Underwritten Registrations; Rule 144. 

(a) No Person may participate in any Underwritten Registration hereunder unless such Person (i) agrees to sell such Person’s
securities on the basis provided in any underwriting arrangements approved by the Persons entitled to approve such arrangements and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and
other documents required under the terms of such underwriting arrangements. Nothing in this Section 10 shall be construed to create any additional rights regarding the registration of Common Stock otherwise than as set forth herein. 

(b) The Company covenants that it will use its reasonable best efforts to timely file any reports required to be filed by it under the
Securities Act and the Exchange Act and that it will take such further action as any holder of Registrable Securities may reasonably request, all to the extent required from time to time to enable holders to sell Registrable Securities without
registration under the Securities Act within the limitation of the exemptions provided by (i) Rule 144 under the Securities Act, as such rules may be amended from time to time, or (ii) any similar rule or regulation hereafter adopted by
the SEC. 

  
 17 

 Section 11. Duration of Agreement. This Agreement shall terminate upon the earliest
to occur of (i) the sale, Transfer or disposition, whether direct or indirect, of all or substantially all of the securities or assets of the Company and its subsidiaries, taken as a whole, in one transaction or a series of related
transactions, to any Unaffiliated Third Person, (ii) the dissolution, liquidation or winding up of the Company, (iii) a merger or consolidation of the Company with or into another Person, if and only if, after such merger or consolidation,
more than 50% of the voting power of the surviving or resulting corporation is held, directly or indirectly, by a Person other than the Full Rightholders and (iv) with respect to each Full Rightholder, the date on which such Full Rightholder no
longer owns any Registrable Securities; provided, however, that the rights and obligations of a Full Rightholder or other Person set forth in Section 8 and Section 9 (but only with respect to any underwriting undertaken while
this Agreement was in effect), 14, 15, 16, 17, 19, 20 and 21 hereof shall survive any termination of this Agreement pursuant to this Section 11; and provided, further, that liabilities arising out of or relating to fraud or any
intentional breach of this Agreement prior to its termination shall survive such termination. 
 Section 12. [Reserved]. 

Section 13. Headings. Headings of articles, sections and paragraphs of this Agreement are inserted for convenience of reference
only and shall not affect the interpretation or be deemed to constitute a part hereof. 
 Section 14. Severability. In the event
that any one or more of the provisions contained in this Agreement or in any other instrument referred to herein shall, for any reason, be held to be invalid, illegal or unenforceable, such illegality, invalidity or unenforceability shall not affect
any other provisions of this Agreement. 
 Section 15. Benefits of Agreement. Nothing expressed by or mentioned in this
Agreement is intended or shall be construed to give any Person other than the parties hereto and their respective successors and permitted assigns, any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision
herein contained, this Agreement and all conditions and provisions hereof being intended to be and being for the sole and exclusive benefit of the parties hereto and their respective successors and permitted assigns. Except as expressly set forth in
this Agreement, no assignments of rights or delegations of duties under this Agreement shall be permitted and any such assignment or delegation shall be void ab initio, except an assignment and delegation pursuant to law, and no Full Rightholder
shall assign its interests and delegate its obligations hereunder to any Transferee of the Common Stock held by such Full Rightholder except in compliance with this Agreement. 

  
 18 

 Section 16. Notices. Any notice, request, consent or other communications required or
permitted hereunder shall be deemed to be sufficient and received if contained in a written instrument delivered in person or by courier or duly sent by First Class certified mail, postage prepaid, or by facsimile addressed to such party at the
address or facsimile number set forth below: 
  

	 	(i)	if to the Company, to it at: 

 Virgin America Inc. 

555 Airport Blvd. 
 Burlingame,
CA 94010 
 Attention: General Counsel 

Telecopy: (650) 762-7001 

with copies to: 

Latham & Watkins LLP 

140 Scott Dr. 
 Menlo Park, CA
94025 
 Attention: Tad Freese 

Telecopy: (650) 463-2600 
  

	 	(ii)	if to Virgin, to it at: 

 Corvina Holdings Limited 

c/o La Motte Chambers 
 St.
Helier 
 Jersey 
 JE1 1PB

 Channel Islands 

Attention: Ian Cuming 

Telecopy: +44 1534 602828 
 with
copies to: 
 Virgin Management USA, Inc. 

65 Bleecker Street, 6th Floor 

New York, NY 10012 
 Attention:
General Counsel 
 Telecopy: (212) 497-9051 

RBC Trust Company (International) Limited 

La Motte Chambers 
 St. Helier

 Jersey 
 JE1 1PB 

Channel Islands 
 Attention: Ian
Cuming/Frank Dearie 
 Telecopy: +44 1534 602035 

and 

  
 19 

 Paul, Weiss, Rifkind, Wharton & Garrison LLP 

1285 Avenue of the Americas 

New York, NY 10019-6064 

Attention: Tracey Zaccone 

Telecopy: (212) 492-0085 
  

	 	(iii)	if to Cyrus, to it at: 

 VAI Partners LLC 

c/o VAI Management, LLC 
 c/o
Cyrus Capital Partners, L.P. 
 399 Park Avenue, 39th Floor 

New York, NY 10022 
 Attention:
General Counsel 
 Telecopy: (212) 380-5801 

with copies to: 
 Akin Gump
Strauss Hauer & Feld LLP 
 One Bryant Park 

New York, NY 10036 
 Attention:
Steve Pesner 
 Trey Muldrow 

Telecopy: (212) 872-1002 
  

	 	(iv)	If to the MBO LLC or any MBO Investor, to: 

 c/o Cooley Godward Kronish LLP 

3175 Hanover Street 
 Palo Alto,
CA 94306 
 Attention: Mark P. Tanoury 

Telecopy: (650) 745-7044 
  

	 	(iv)	If to CM Finance Inc, to: 

 Michael C. Mauer, Chief Executive Officer 

601 Lexington Avenue, 26th Floor 

New York, New York 10022 

Phone: 212-257-5180 
 Email:
mm@cmfn-inc.com 
  

	 	(iv)	If to PAR Investment Partners, L.P., to: 

 c/o PAR Capital Management, Inc. 

One International Place, Suite 2401 

Boston, MA 02110 
 Attention:
Edward Shapiro and Steve Smith 

  
 20 

 
or, in any case, at such other address or facsimile number as shall have been furnished in writing by such party to the other parties hereto. All such notices, requests, consents and other
communications shall be deemed to have been received (a) in the case of personal or courier delivery, on the date of such delivery, (b) in the case of mailing, on the fifth business day following the date of such mailing and (c) in
the case of facsimile, when receipt is confirmed. 
 Section 17. Amendment; Waiver; Time of the Essence. Neither this Agreement
nor any provision hereof may be amended, modified, changed or discharged except by an instrument in writing signed by the Company and each of Virgin, Cyrus and their respective Permitted Transferees which become party hereto. The signature pages to
this Agreement may be amended by the Company as necessary to reflect the addition of parties to this Agreement as contemplated by this Agreement. The failure of any party to enforce any of the provisions of this Agreement shall in no way be
construed as a waiver of such provisions and shall not affect the right of such party thereafter to enforce each and every provision of this Agreement in accordance with its terms. Time is of the essence with respect to the performance of this
Agreement. 
 Section 18. Counterparts. This Agreement may be executed in any number of counterparts, and each such counterpart
hereof shall be deemed to be an original instrument, but all such counterparts together shall constitute but one agreement. 

Section 19. Governing Law; Consent to Jurisdiction. This Agreement shall be governed by and construed in accordance with the
internal laws of the State of New York. Each party to this Agreement hereby irrevocably and unconditionally, with respect to any matter or dispute arising under, or in connection with, this Agreement: 

(a) submits for itself and its property in any legal action or proceeding relating to this Agreement, or for recognition and enforcement of
any judgment in respect thereof, to the exclusive general jurisdiction of the courts of the State of New York, the courts of the United States of America for the Southern District of New York, and appellate courts from any thereof (and
covenants not to commence any legal action or proceeding in any other venue or jurisdiction); 
 (b) consents that any such action or
proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not
to plead or claim the same; 
 (c) agrees that service of process in any such action will be in accordance with the laws of the State of New
York (and with respect to Virgin, that service of process upon Virgin Management USA, Inc. in accordance with the laws of the State of New York shall be effective service of process upon Virgin); 

(d) waives in connection with any such action any and all rights to a jury trial; and 

(e) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law. 

  
 21 

 Section 20. Remedies. 

(a) Each party hereto acknowledges that money damages would not be an adequate remedy in the event that any one of the covenants or agreements
in this Agreement is not performed in accordance with its terms, and it is therefore agreed that, in addition to and without limiting any other remedy or right it may have, the non-breaching party will have the right to seek an injunction, temporary
restraining order or other equitable relief in any court of competent jurisdiction enjoining any such breach and enforcing specifically each and every one of the terms and provisions hereof. Each party hereto agrees not to oppose the granting of
such relief in the event a court determines that such a breach has occurred, and to waive any requirement for the securing or posting of any bond in connection with such remedy. 

(b) All rights, powers and remedies provided under this Agreement or otherwise available in respect hereof at law or in equity shall be
cumulative and not alternative, and the exercise or beginning of the exercise of any thereof by any party shall not preclude the simultaneous or later exercise of any other such right, power or remedy by such party. 

Section 21. Change in Law, Etc. In the event any law, rule or regulation comes into force or effect (including by amendment) which
conflicts with the terms and conditions of this Agreement, or any court of competent jurisdiction shall issue a final, non-appealable order invalidating or enjoining the performance of any provision hereof, the parties shall negotiate in good faith
to revise this Agreement to achieve the parties’ intention set forth herein 
 Section 22. Cyrus. CM Finance Inc’s
participation in a Demand Registration, Block Trade or other Underwritten Offering, whether initiated by Cyrus Aviation or in which Cyrus Aviation participates, is a tag-along right only (ie, CM Finance Inc shall have no right to independently
exercise rights to participate in a Demand Registration, Block Trade or other Underwritten Offering), and Cyrus Aviation is not obligated to initiate or participate in a Demand Registration, Block Trade or other Underwritten Offering at the request
of CM Finance Inc. 

  
 22 

 Section 23. Interpretation. References in this Agreement to any gender include
references to all genders, and references to the singular include references to the plural and vice versa. The words “include”, “includes” and “including” when used in this Agreement shall be deemed to be followed by
the phrase “without limitation”. Unless the context otherwise requires, references in this Agreement to Articles, Sections, Exhibits, Schedules, Appendices and Attachments shall be deemed references to Articles and Sections of, and
Exhibits, Schedules, Appendices and Attachments to, such Agreement. Unless the context otherwise requires, the words “hereof”, “hereby” and “herein” and words of similar meaning when used in this Agreement refer to this
Agreement in its entirety and not to any particular Article, Section or provision of this Agreement. References to “or” shall be deemed to be disjunctive but not necessarily exclusive (i.e., unless the context dictates otherwise,
“or” shall be interpreted to mean “and/or” rather than “either/or”). Each party hereof acknowledges that this Agreement was negotiated by it with the benefit of representation by legal counsel, and any rule of
construction or interpretation otherwise requiring this Agreement to be construed or interpreted against any party hereof shall not apply to any construction or interpretation hereof. 

[remainder of page is intentionally left blank] 

  
 23 

 IN WITNESS WHEREOF, each of the parties hereto has executed this REGISTRATION
RIGHTS AGREEMENT, all as of the day and year first above written. 
  

			
	VIRGIN AMERICA INC.
		
	By:	 	  

		 	Name:
		 	Title:

 IN WITNESS WHEREOF, each of the parties hereto has executed this REGISTRATION
RIGHTS AGREEMENT, all as of the day and year first above written. 
  

			
	VX HOLDINGS, L.P.
	By Corvina Holdings Limited, its general partner
		
	By:	 	  

		 	Name:
		 	Title:
	
	VIRGIN MANAGEMENT LIMITED
		
	By:	 	  

		 	Name:
		 	Title:
	
	 VA HOLDINGS (GUERNSEY) LP
 By Virgin
Group Investments Limited,
 its general partners

		
	By:	 	  

		 	Name:
		 	Title:

 IN WITNESS WHEREOF, each of the parties hereto has executed this REGISTRATION
RIGHTS AGREEMENT, all as of the day and year first above written. 
  

			
	CYRUS AVIATION HOLDINGS, LLC
		
	By:	 	  

		 	Name:
		 	Title:

 IN WITNESS WHEREOF, each of the parties hereto has executed this REGISTRATION
RIGHTS AGREEMENT, all as of the day and year first above written. 
  

			
	VAI MBO INVESTORS, LLC
		
	By:	 	  

		 	Name:
		 	Title:

 IN WITNESS WHEREOF, each of the parties hereto has executed this REGISTRATION
RIGHTS AGREEMENT, all as of the day and year first above written. 
  

			
	CM FINANCE, INC
		
	By:	 	  

		 	Name:
		 	Title:

 IN WITNESS WHEREOF, each of the parties hereto has executed this REGISTRATION
RIGHTS AGREEMENT, all as of the day and year first above written. 
  

					
	PAR INVESTMENT PARTNERS, L.P.
		
	By:	 	PAR Group, L.P.
	Its:	 	General Partner
		
	By:	 	PAR Capital Management, Inc.
	Its:	 	General Partner
		
	By:	 	  

		 	Name:	 	Edward L. Shapiro
		 	Title:	 	Vice PresidentPrepared by R.R. Donnelley Financial -- EX-10.19

 Exhibit 10.19 

VIRGIN AMERICA INC. 

2014 EQUITY INCENTIVE AWARD PLAN 

ARTICLE 1. 
 PURPOSE

 The purpose of the Virgin America Inc. 2014 Equity Incentive Award Plan (as it may be amended from time to time, the
“Plan”) is to promote the success and enhance the value of Virgin America Inc. (the “Company”) by linking the individual interests of the members of the Board, Employees, and Consultants to those of the
Company’s stockholders and by providing such individuals with an incentive for outstanding performance to generate superior returns to the Company’s stockholders. The Plan is further intended to provide flexibility to the Company in its
ability to motivate, attract, and retain the services of members of the Board, Employees, and Consultants upon whose judgment, interest, and special effort the successful conduct of the Company’s operation is largely dependent. 

ARTICLE 2. 
 DEFINITIONS
AND CONSTRUCTION 
 Wherever the following terms are used in the Plan they shall have the meanings specified below, unless the context
clearly indicates otherwise. The singular pronoun shall include the plural where the context so indicates. 
 2.1
“Administrator” shall mean the entity that conducts the general administration of the Plan as provided in Article 13 hereof. With reference to the duties of the Administrator under the Plan which have been delegated to one or more
persons pursuant to Section 13.6 hereof, or as to which the Board has assumed, the term “Administrator” shall refer to such person(s) unless the Committee or the Board has revoked such delegation or the Board has terminated the
assumption of such duties. 
 2.2 “Affiliate” shall mean any Parent or Subsidiary. 

2.3 “Applicable Accounting Standards” shall mean Generally Accepted Accounting Principles in the United
States, International Financial Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time to time. 

2.4 “Applicable Law” shall mean any applicable law, including without limitation, (i) provisions of the
Code, the Securities Act, the Exchange Act and any rules or regulations thereunder; (ii) corporate, securities, tax or other laws, statutes, rules, requirements or regulations, whether federal, state, local or foreign; and (iii) rules of
any securities exchange or automated quotation system on which the Shares are listed, quoted or traded. 

 2.5 “Award” shall mean an Option, a Restricted Stock award, a
Restricted Stock Unit award, a Performance Award, a Dividend Equivalents award, a Deferred Stock award, a Deferred Stock Unit award, a Stock Payment award or a Stock Appreciation Right, which may be awarded or granted under the Plan (collectively,
“Awards”). 
 2.6 “Award Agreement” shall mean any written notice, agreement, terms and
conditions, contract or other instrument or document evidencing an Award, including through electronic medium, which shall contain such terms and conditions with respect to an Award as the Administrator shall determine consistent with the Plan. 

2.7 “Board” shall mean the Board of Directors of the Company. 

2.8 “Change in Control” shall mean the occurrence, in a single transaction or in a series of related
transactions, of any one or more of the following events: 
 (a) A transaction or series of transactions (other than an offering of Common
Stock to the general public through a registration statement filed with the Securities and Exchange Commission) whereby any “person” or related “group” of “persons” (as such terms are used in Sections 13(d) and 14(d)(2)
of the Exchange Act) (other than the Company, any of its subsidiaries, an employee benefit plan maintained by the Company or any of its subsidiaries or a “person” that, prior to such transaction, directly or indirectly controls, is
controlled by, or is under common control with, the Company) directly or indirectly acquires beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of securities of the Company possessing more than 50% of the total combined
voting power of the Company’s securities outstanding immediately after such acquisition; or 
 (b) During any period of two
consecutive years, individuals who, at the beginning of such period, constitute the Board together with any new Director(s) (other than a Director designated by a person who shall have entered into an agreement with the Company to effect a
transaction described in Section 2.9(a) or 2.9(c)) whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the Directors then still in office who either were
Directors at the beginning of the two-year period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof; or 

(c) The consummation by the Company (whether directly involving the Company or indirectly involving the Company through one or more
intermediaries) of (x) a merger, consolidation, reorganization, or business combination or (y) a sale or other disposition of all or substantially all of the Company’s assets in any single transaction or series of related transactions
or (z) the acquisition of assets or stock of another entity, in each case other than a transaction: 
 (i) which results in the
Company’s voting securities outstanding immediately before the transaction continuing to represent (either by remaining outstanding or by being converted into voting securities of the Company or the person that, as a result of the transaction,
controls, directly or indirectly, the Company or owns, directly or indirectly, all or substantially all of the Company’s assets or otherwise succeeds to the business of the Company 

  
 2 

 
(the Company or such person, the “Successor Entity”)) directly or indirectly, at least a majority of the combined voting power of the Successor Entity’s outstanding voting
securities immediately after the transaction, and 
 (ii) after which no person or group beneficially owns voting securities representing
50% or more of the combined voting power of the Successor Entity; provided, however, that no person or group shall be treated for purposes of this Section 2.9(c)(ii) as beneficially owning 50% or more of the combined voting power of the
Successor Entity solely as a result of the voting power held in the Company prior to the consummation of the transaction; or 
 (d) The
Company’s stockholders approve a liquidation or dissolution of the Company. 
 Notwithstanding the foregoing, if a Change in Control constitutes a
payment event with respect to any portion of an Award that provides for the deferral of compensation and is subject to Section 409A of the Code, the transaction or event described in subsection (a), (b), (c) or (d) with respect to
such Award (or portion thereof) must also constitute a “change in control event,” as defined in Treasury Regulation Section 1.409A-3(i)(5) to the extent required by Section 409A. 

The Committee shall have full and final authority, which shall be exercised in its discretion, to determine conclusively whether a Change in Control of the
Company has occurred pursuant to the above definition, and the date of the occurrence of such Change in Control and any incidental matters relating thereto; provided that any exercise of authority is in conjunction with a determination of whether a
Change in Control is a “change in control event” as defined in Treasury Regulation Section 1.409A-3(i)(5) shall be consistent with such regulation. 

2.9 “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, together with the
regulations and official guidance promulgated thereunder, whether issued prior or subsequent to the grant of any Award. 

2.10 “Committee” shall mean the Compensation Committee of the Board, a subcommittee of the Compensation
Committee of the Board or another committee or subcommittee of the Board, appointed as provided in Section 13.1 hereof. 

2.11 “Common Stock” shall mean the common stock of the Company, par value $0.0001 per share. 

2.12 “Company” shall have the meaning set forth in Article 1 hereof. 

2.13 “Consultant” shall mean any consultant or advisor engaged to provide services to the Company or any
Affiliate who qualifies as a consultant or advisor under the applicable rules of the Securities and Exchange Commission for registration of shares on a Form S-8 Registration Statement or any successor Form thereto or, prior to the Public Trading
Date, under Rule 701 of the Securities Act. 
 2.14 “Covered Employee” shall mean any Employee who is, or
could be, a “covered employee” within the meaning of Section 162(m) of the Code. 

  
 3 

 2.15 “Deferred Stock” shall mean a right to receive Shares
awarded under Section 10.4 hereof. 
 2.16 “Deferred Stock Unit” shall mean a right to receive Shares
awarded under Section 10.5 hereof. 
 2.17 “Director” shall mean a member of the Board, as constituted
from time to time. 
 2.18 “Dividend Equivalent” shall mean a right to receive the equivalent value (in cash
or Shares) of dividends paid on Shares, awarded under Section 10.2 hereof. 
 2.19 “DRO” shall mean a
“domestic relations order” as defined by the Code or Title I of the Employee Retirement Income Security Act of 1974, as amended from time to time, or the rules thereunder. 

2.20 “Effective Date” shall mean immediately prior to the time at which the Company registration statement
relating to its initial public offering becomes effective, provided that the Board has adopted the Plan prior to or on such date, subject to approval of the Plan by the Company’s stockholders. 

2.21 “Eligible Individual” shall mean any person who is an Employee, a Consultant or a Non-Employee Director,
as determined by the Administrator. 
 2.22 “Employee” shall mean any officer or other employee (as
determined in accordance with Section 3401(c) of the Code and the Treasury Regulations thereunder) of the Company or any Affiliate. 

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

2.24 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time. 

2.25 “Fair Market Value” shall mean, as of any given date, the value of a Share determined as follows: 

(a) If the Common Stock is (i) listed on any established securities exchange (such as the New York Stock Exchange, the NASDAQ Global
Market and the NASDAQ Global Select Market), (ii) listed on any national market system or (iii) listed, quoted or traded on any automated quotation system, its Fair Market Value shall be the closing sales price for a Share as quoted on
such exchange or system for such date or, if there is no closing sales price for a Share on the date in question, the closing sales price for a Share on the last preceding date for which such quotation exists, as reported in The Wall Street Journal
or such other source as the Administrator deems reliable; 

  
 4 

 (b) If the Common Stock is not listed on an established securities exchange, national market
system or automated quotation system, but the Common Stock is regularly quoted by a recognized securities dealer, its Fair Market Value shall be the mean of the high bid and low asked prices for such date or, if there are no high bid and low asked
prices for a Share on such date, the high bid and low asked prices for a Share on the last preceding date for which such information exists, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or 

(c) If the Common Stock is neither listed on an established securities exchange, national market system or automated quotation system nor
regularly quoted by a recognized securities dealer, its Fair Market Value shall be established by the Administrator in good faith. 
 Notwithstanding the
foregoing, with respect to any Award granted after the effectiveness of the Company’s registration statement relating to its initial public offering and prior to the Public Trading Date, the Fair Market Value shall mean the initial public
offering price of a Share as set forth in the Company’s final prospectus relating to its initial public offering filed with the Securities and Exchange Commission. 

2.26 “Greater Than 10% Stockholder” shall mean an individual then owning (within the meaning of
Section 424(d) of the Code) more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any “parent corporation” or “subsidiary corporation” (as defined in Sections 424(e)
and 424(f) of the Code, respectively). 
 2.27 “Holder” shall mean a person who has been granted an Award.

 2.28 “Incentive Stock Option” shall mean an Option that is intended to qualify as an incentive stock
option and conforms to the applicable provisions of Section 422 of the Code. 
 2.29 “Non-Employee
Director” shall mean a Director of the Company who is not an Employee. 
 2.30 “Non-Employee Director Equity
Compensation Policy” shall have the meaning set forth in Section 4.6 hereof. 
 2.31 “Non-Qualified
Stock Option” shall mean an Option that is not an Incentive Stock Option or which is designated as an Incentive Stock Option but does not meet the applicable requirements of Section 422 of the Code. 

2.32 “Option” shall mean a right to purchase Shares at a specified exercise price, granted under Article 6
hereof. An Option shall be either a Non-Qualified Stock Option or an Incentive Stock Option; provided, however, that Options granted to Non-Employee Directors and Consultants shall only be Non-Qualified Stock Options. 

2.33 “Option Term” shall have the meaning set forth in Section 6.4 hereof. 

2.34 “Parent” shall mean any entity (other than the Company), whether domestic or foreign, in an unbroken
chain of entities ending with the Company if each of the entities other 

  
 5 

 
than the Company beneficially owns, at the time of the determination, securities or interests representing more than fifty percent (50%) of the total combined voting power of all classes of
securities or interests in one of the other entities in such chain. 
 2.35 “Performance Award” shall mean a
cash bonus award, stock bonus award, performance award or incentive award that is paid in cash, Shares or a combination of both, awarded under Section 10.1 hereof. 

2.36 “Performance-Based Compensation” shall mean any compensation that is intended to qualify as
“performance-based compensation” as described in Section 162(m)(4)(C) of the Code. 
 2.37
“Performance Criteria” shall mean the criteria (and adjustments) that the Committee selects for an Award for purposes of establishing the Performance Goal or Performance Goals for a Performance Period, determined as follows: 

(a) The Performance Criteria that shall be used to establish Performance Goals are limited to the following: (i) net earnings (either
before or after one or more of the following: (A) interest, (B) taxes, (C) depreciation, (D) amortization and (E) non-cash equity-based compensation expense); (ii) gross or net sales or revenue; (iii) net income
(either before or after taxes); (iv) adjusted net income; (v) operating income, earnings or profit (either before or after taxes); (vi) cash flow (including, but not limited to, cash flow return on investments, operating cash flow and
free cash flow); (vii) return on assets; (viii) return on capital; (ix) return on stockholders’ equity; (x) total stockholder return; (xi) return on sales; (xii) gross or net profit or operating margin;
(xiii) costs; (xiv) funds from operations; (xv) expenses; (xvi) working capital; (xvii) earnings per Share; (xviii) adjusted earnings per share; (xix) price per Share; (xx) regulatory body approval for
commercialization of a product; (xxi) implementation or completion of critical projects; (xxii) market share; (xxiii) economic value; (xxiv) debt levels or reduction; (xxv) customer retention; (xxvi) sales-related
goals; (xxvii) comparisons with other stock market indices; (xxviii) operating efficiency; (xxix) customer satisfaction and/or growth; (xxx) employee satisfaction; (xxxi) research and development achievements;
(xxxii) financing and other capital raising transactions; (xxxiii) recruiting and maintaining personnel; and (xxxiv) year-end cash, any of which may be measured either in absolute terms for the Company or any operating unit of the
Company or as compared to any incremental increase or decrease or as compared to results of a peer group or to market performance indicators or indices. 

(b) The Administrator may, in its sole discretion, provide that one or more objectively determinable adjustments shall be made to one or more
of the Performance Goals. Such adjustments may include, but are not limited to, one or more of the following: (i) items related to a change in accounting principle; (ii) items relating to financing activities; (iii) expenses for
restructuring or productivity initiatives; (iv) other non-operating items; (v) items related to acquisitions; (vi) items attributable to the business operations of any entity acquired by the Company during the Performance Period;
(vii) items related to the sale or disposition of a business or segment of a business; (viii) items related to discontinued operations that do not qualify as a segment of a business under Applicable Accounting Standards; (ix) items
attributable to any stock dividend, stock split, combination or exchange of stock occurring during the Performance Period; (x) any other items of significant income or expense which are 

  
 6 

 
determined to be appropriate adjustments; (xi) items relating to unusual or extraordinary corporate transactions, events or developments, (xii) items related to amortization of acquired
intangible assets; (xiii) items that are outside the scope of the Company’s core, on-going business activities; (xiv) items related to acquired in-process research and development; (xv) items relating to changes in tax laws;
(xvi) items relating to major licensing or partnership arrangements; (xvii) items relating to asset impairment charges; (xviii) items relating to gains or losses for litigation, arbitration and contractual settlements; or
(xix) items relating to any other unusual or nonrecurring events or changes in Applicable Laws, accounting principles or business conditions. For all Awards intended to qualify as Performance-Based Compensation, such determinations shall be
made within the time prescribed by, and otherwise in compliance with, Section 162(m) of the Code. 
 2.38
“Performance Goals” shall mean, with respect to a Performance Period, one or more goals established in writing by the Administrator for the Performance Period based upon one or more Performance Criteria. Depending on the Performance
Criteria used to establish such Performance Goals, the Performance Goals may be expressed in terms of overall Company performance or the performance of an Affiliate, a division, business unit or one or more individuals. The achievement of each
Performance Goal shall be determined, to the extent applicable, with reference to Applicable Accounting Standards. 
 2.39
“Performance Period” shall mean one or more periods of time, which may be of varying and overlapping durations, as the Administrator may select, over which the attainment of one or more Performance Goals will be measured for the
purpose of determining a Holder’s right to, and the payment of, a Performance Award. 
 2.40 “Performance Stock
Unit” shall mean a Performance Award awarded under Section 10.1 hereof which is denominated in units of value including dollar value of shares of Common Stock. 

2.41 “Permitted Transferee” shall mean, with respect to a Holder, (a) prior to the Public Trading Date,
any “family member” of the Holder, as defined under Rule 701 of the Securities Act and (b) on or after the Public Trading Date, any “family member” of the Holder, as defined under the General Instructions to Form S-8
Registration Statement under the Securities Act or any successor Form thereto, or any other transferee specifically approved by the Administrator, after taking into account Applicable Law. 

2.42 “Plan” shall have the meaning set forth in Article 1 hereof. 

2.43 “Prior Plan” shall mean the Company’s 2005 Stock Incentive Plan, as such plan may be amended from
time to time. 
 2.44 “Program” shall mean any program adopted by the Administrator pursuant to the Plan
containing the terms and conditions intended to govern a specified type of Award granted under the Plan and pursuant to which such type of Award may be granted under the Plan. 

2.45 “Public Trading Date” shall mean the first date upon which the Common Stock is listed (or approved for
listing) upon notice of issuance on any securities exchange or designated (or approved for designation) upon notice of issuance as a national market security on an interdealer quotation system. 

  
 7 

 2.46 “Restricted Stock” shall mean an award of Shares made under
Article 8 hereof that is subject to certain restrictions and may be subject to risk of forfeiture or repurchase. 
 2.47
“Restricted Stock Unit” shall mean a contractual right awarded under Article 9 hereof to receive in the future a Share or the Fair Market Value of a Share in cash. 

2.48 “Securities Act” shall mean the Securities Act of 1933, as amended. 

2.49 “Shares” shall mean shares of Common Stock. 

2.50 “Share Limit” shall have the meaning set forth in Section 3.1(a) hereof. 

2.51 “Stock Appreciation Right” shall mean a stock appreciation right granted under Article 11 hereof. 

2.52 “Stock Appreciation Right Term” shall have the meaning set forth in Section 11.4 hereof. 

2.53 “Stock Payment” shall mean (a) a payment in the form of Shares, or (b) an option or other right
to purchase Shares, as part of a bonus, deferred compensation or other arrangement, awarded under Section 10.3 hereof. 

2.54 “Subsidiary” shall mean any entity (other than the Company), whether domestic or foreign, in an unbroken
chain of entities beginning with the Company if each of the entities other than the last entity in the unbroken chain beneficially owns, at the time of the determination, securities or interests representing more than fifty percent (50%) of the
total combined voting power of all classes of securities or interests in one of the other entities in such chain. 
 2.55
“Substitute Award” shall mean an Award granted under the Plan upon the assumption of, or in substitution for, outstanding equity awards previously granted by a company or other entity in connection with a corporate transaction, such
as a merger, combination, consolidation or acquisition of property or stock; provided, however, that in no event shall the term “Substitute Award” be construed to refer to an award made in connection with the cancellation and
repricing of an Option or Stock Appreciation Right. 
 2.56 “Termination of Service” shall mean: 

(a) As to a Consultant, the time when the engagement of a Holder as a Consultant to the Company or an Affiliate is terminated for any reason,
with or without cause, including, without limitation, by resignation, discharge, death or retirement, but excluding terminations where the Consultant simultaneously commences or remains in employment or service with the Company or any Affiliate.

  
 8 

 (b) As to a Non-Employee Director, the time when a Holder who is a Non-Employee Director ceases
to be a Director for any reason, including, without limitation, a termination by resignation, failure to be elected, death or retirement, but excluding terminations where the Holder simultaneously commences or remains in employment or service with
the Company or any Affiliate. 
 (c) As to an Employee, the time when the employee-employer relationship between a Holder and the Company
or any Affiliate is terminated for any reason, including, without limitation, a termination by resignation, discharge, death, disability or retirement; but excluding terminations where the Holder simultaneously commences or remains in employment or
service with the Company or any Affiliate. 
 The Administrator, in its sole discretion, shall determine the effect of all matters and
questions relating to Terminations of Service, including, without limitation, the question of whether a Termination of Service resulted from a discharge for cause and all questions of whether particular leaves of absence constitute a Termination of
Service; provided, however, that, with respect to Incentive Stock Options, unless the Administrator otherwise provides in the terms of the Program, the Award Agreement or otherwise, a leave of absence, change in status from an employee
to an independent contractor or other change in the employee-employer relationship shall constitute a Termination of Service only if, and to the extent that, such leave of absence, change in status or other change interrupts employment for the
purposes of Section 422(a)(2) of the Code and the then applicable regulations and revenue rulings under said Section. For purposes of the Plan, a Holder’s employee-employer relationship or consultancy relations shall be deemed to be
terminated in the event that the Affiliate employing or contracting with such Holder ceases to remain an Affiliate following any merger, sale of stock or other corporate transaction or event (including, without limitation, a spin-off). 

ARTICLE 3. 
 SHARES
SUBJECT TO THE PLAN 
 3.1 Number of Shares. 

(a) Subject to Sections 14.1, 14.2 and 3.1(b) hereof, the aggregate number of Shares which may be issued or transferred pursuant to Awards
under the Plan shall be equal to the sum of (i) 600,000 Shares, (ii) any of the Shares which as of the Effective Date are available for issuance under the Prior Plan, or are subject to awards under the Prior Plan that, on or after the
Effective Date, terminate, expire or lapse for any reason without the delivery of Shares to the holder thereof, up to a maximum of 1,800,000 Shares, and (iii) an annual increase on the first day of each year beginning in 2015 and ending in
2024, in each case subject to the approval of the Administrator on or prior to the applicable date, equal to the lesser of (A) two and one half percent (2.5%) of the Shares outstanding (on an as converted basis) on the last day of the
immediately preceding fiscal year and (B) such smaller number of Shares as determined by the Board (such sum, the “Share Limit”); provided, however, no more than 13,900,000 Shares may be issued upon the
exercise of Incentive Stock Options. Notwithstanding the foregoing, Shares 

  
 9 

 
added to the Share Limit pursuant to Section 3.1(a)(ii) or Section 3.1(a)(iii) hereof shall be available for issuance as Incentive Stock Options only to the extent that making such
Shares available for issuance as Incentive Stock Options would not cause any Incentive Stock Option to cease to qualify as such. Notwithstanding the foregoing, to the extent permitted under Applicable Law, Awards that provide for the delivery of
Shares subsequent to the applicable grant date may be granted in excess of the Share Limit if such Awards provide for the forfeiture or cash settlement of such Awards to the extent that insufficient Shares remain under the Share Limit in this
Section 3.1 at the time that Shares would otherwise be issued in respect of such Award. As of the Effective Date, no further awards may be granted under the Prior Plan; however, any awards under the Prior Plan that are outstanding as of the
Effective Date shall continue to be subject to the terms and conditions of the Prior Plan. 
 (b) If any Shares subject to an Award are
forfeited or expire or such Award is settled for cash (in whole or in part), the Shares subject to such Award shall, to the extent of such forfeiture, expiration or cash settlement, again be available for future grants of Awards under the Plan and
shall be added back to the Share Limit. In addition, the following Shares shall be available for future grants of Awards under the Plan and shall be added back to the Share Limit: (i) Shares tendered by a Holder or withheld by the Company in
payment of the exercise price of an Option; (ii) Shares tendered by the Holder or withheld by the Company to satisfy any tax withholding obligation with respect to an Award; and (iii) Shares subject to Stock Appreciation Rights that are
not issued in connection with the stock settlement of the Stock Appreciation Rights on exercise thereof. Notwithstanding anything to the contrary contained herein, Shares purchased on the open market with the cash proceeds from the exercise of
Options shall not be added back to the Share Limit and shall not be available for future grants of Awards. Any Shares repurchased by the Company under Section 8.4 hereof at the same price paid by the Holder or a lower price so that such Shares
are returned to the Company will again be available for Awards. The payment of Dividend Equivalents in cash in conjunction with any outstanding Awards shall not be counted against the Shares available for issuance under the Plan. Notwithstanding the
provisions of this Section 3.1(b), no Shares may again be optioned, granted or awarded if such action would cause an Incentive Stock Option to fail to qualify as an incentive stock option under Section 422 of the Code. 

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

  
 10 

 3.2 Stock Distributed. Any Shares distributed pursuant to an Award may
consist, in whole or in part, of authorized and unissued Common Stock, treasury Common Stock or Common Stock purchased on the open market. 

3.3 Limitation on Number of Shares Subject to Awards to Non-Employee Directors. The maximum aggregate value of Awards
(with such value determined as of the date of grant under Applicable Accounting Standards) that may be granted to any Non-Employee Director during any calendar year shall be $2,000,000. 

ARTICLE 4. 
 GRANTING OF
AWARDS 
 4.1 Participation. The Administrator may, from time to time, select from among all Eligible Individuals,
those to whom an Award shall be granted and shall determine the nature and amount of each Award, which shall not be inconsistent with the requirements of the Plan. Except as provided in Section 4.6 hereof regarding the grant of Awards pursuant
to the Non-Employee Director Equity Compensation Policy, no Eligible Individual shall have any right to be granted an Award pursuant to the Plan. 

4.2 Award Agreement. Each Award shall be evidenced by an Award Agreement that sets forth the terms, conditions and
limitations for such Award, which may include the term of the Award, the provisions applicable in the event of the Holder’s Termination of Service, and the Company’s authority to unilaterally or bilaterally amend, modify, suspend, cancel
or rescind an Award. Award Agreements evidencing Awards intended to qualify as Performance-Based Compensation shall contain such terms and conditions as may be necessary to meet the applicable provisions of Section 162(m) of the Code. Award
Agreements evidencing Incentive Stock Options shall contain such terms and conditions as may be necessary to meet the applicable provisions of Section 422 of the Code. 

4.3 Limitations Applicable to Section 16 Persons. Notwithstanding any other provision of the Plan, the Plan, and
any Award granted or awarded to any individual who is then subject to Section 16 of the Exchange Act, shall be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including
Rule 16b-3 of the Exchange Act and any amendments thereto) that are requirements for the application of such exemptive rule. To the extent permitted by Applicable Law, the Plan and Awards granted or awarded
hereunder shall be deemed amended to the extent necessary to conform to such applicable exemptive rule. 
 4.4 At-Will
Employment; Voluntary Participation. Nothing in the Plan or in any Program or Award Agreement hereunder shall confer upon any Holder any right to continue in the employ of, or as a Director or Consultant for, the Company or any Affiliate, or
shall interfere with or restrict in any way the rights of the Company and any Affiliate, which rights are hereby expressly reserved, to discharge any Holder at any time for any reason whatsoever, with or without cause, and with or without notice, or
to terminate or change all other terms and conditions of employment or engagement, except to the extent expressly provided otherwise in a written agreement between the Holder and the Company or any Affiliate. Participation by each Holder in the Plan
shall be voluntary and nothing in the Plan shall be construed as mandating that any Eligible Individual shall participate in the Plan. 

  
 11 

 4.5 Foreign Holders. Notwithstanding any provision of the Plan to the
contrary, in order to comply with the laws in countries other than the United States in which the Company and its Affiliates operate or have Employees, Non-Employee Directors or Consultants, or in order to comply with the requirements of any foreign
securities exchange, the Administrator, in its sole discretion, shall have the power and authority to: (a) determine which Affiliates shall be covered by the Plan; (b) determine which Eligible Individuals outside the United States are
eligible to participate in the Plan; (c) modify the terms and conditions of any Award granted to Eligible Individuals outside the United States to comply with applicable foreign laws or listing requirements of any such foreign securities
exchange; (d) establish subplans and modify exercise procedures and other terms and procedures, to the extent such actions may be necessary or advisable (any such subplans and/or modifications shall be attached to the Plan as appendices);
provided, however, that no such subplans and/or modifications shall increase the share limitations contained in Sections 3.1 and 3.3 hereof; and (e) take any action, before or after an Award is made, that it deems advisable to
obtain approval or comply with any necessary local governmental regulatory exemptions or approvals or listing requirements of any such foreign securities exchange. Notwithstanding the foregoing, the Administrator may not take any actions hereunder,
and no Awards shall be granted, that would violate the Code, the Exchange Act, the Securities Act, any other securities law or governing statute, the rules of the securities exchange or automated quotation system on which the Shares are listed,
quoted or traded or any other Applicable Law. For purposes of the Plan, all references to foreign laws, rules, regulations or taxes shall be references to the laws, rules, regulations and taxes of any applicable jurisdiction other than the United
States or a political subdivision thereof. 
 4.6 Non-Employee Director Awards. The Administrator may, in its
discretion, provide that Awards granted to Non-Employee Directors shall be granted pursuant to a written non-discretionary formula established by the Administrator (the “Non-Employee Director Equity Compensation Policy”), subject to
the limitations of the Plan. The Non-Employee Director Equity Compensation Policy shall set forth the type of Award(s) to be granted to Non-Employee Directors, the number of Shares to be subject to Non-Employee Director Awards, the conditions on
which such Awards shall be granted, become exercisable and/or payable and expire, and such other terms and conditions as the Administrator shall determine in its discretion. The Non-Employee Director Equity Compensation Policy may be modified by the
Administrator from time to time in its discretion. 
 4.7 Stand-Alone and Tandem Awards. Awards granted pursuant to
the Plan may, in the sole discretion of the Administrator, be granted either alone, in addition to, or in tandem with, any other Award granted pursuant to the Plan. Awards granted in addition to or in tandem with other Awards may be granted either
at the same time as or at a different time from the grant of such other Awards. 

  
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 ARTICLE 5. 

PROVISIONS APPLICABLE TO AWARDS INTENDED TO QUALIFY AS PERFORMANCE-BASED COMPENSATION. 

5.1 Purpose. The Committee, in its sole discretion, may determine at the time an Award is granted or at any time
thereafter whether any Award is intended to qualify as Performance-Based Compensation. If the Committee, in its sole discretion, decides to grant such an Award to an Eligible Individual that is intended to qualify as Performance-Based Compensation,
then the provisions of this Article 5 shall control over any contrary provision contained in the Plan. The Administrator may in its sole discretion grant Awards to other Eligible Individuals that are based on Performance Criteria or Performance
Goals but that do not satisfy the requirements of this Article 5 and that are not intended to qualify as Performance-Based Compensation. Unless otherwise specified by the Committee at the time of grant, the Performance Criteria with respect to an
Award intended to be Performance-Based Compensation payable to a Covered Employee shall be determined on the basis of Applicable Accounting Standards. 

5.2 Applicability. The grant of an Award to an Eligible Individual for a particular Performance Period shall not require
the grant of an Award to such Eligible Individual in any subsequent Performance Period and the grant of an Award to any one Eligible Individual shall not require the grant of an Award to any other Eligible Individual in such period or in any other
period. 
 5.3 Types of Awards. Notwithstanding anything in the Plan to the contrary, the Committee may grant any
Award to an Eligible Individual intended to qualify as Performance-Based Compensation, including, without limitation, Restricted Stock the restrictions with respect to which lapse upon the attainment of specified Performance Goals, Restricted Stock
Units that vest and become payable upon the attainment of specified Performance Goals and any Performance Awards described in Article 10 hereof that vest or become exercisable or payable upon the attainment of one or more specified Performance
Goals. 
 5.4 Procedures with Respect to Performance-Based Awards. To the extent necessary to comply with the
requirements of Section 162(m)(4)(C) of the Code, with respect to any Award granted to one or more Eligible Individuals which is intended to qualify as Performance-Based Compensation, no later than ninety (90) days following the
commencement of any Performance Period or any designated fiscal period or period of service (or such earlier time as may be required under Section 162(m) of the Code), the Committee shall, in writing, (a) designate one or more Eligible
Individuals, (b) select the Performance Criteria applicable to the Performance Period, (c) establish the Performance Goals, and amounts of such Awards, as applicable, which may be earned for such Performance Period based on the Performance
Goals, and (d) specify the relationship between the Performance Criteria and the Performance Goals and the amounts of such Awards, as applicable, to be earned by each Covered Employee for such Performance Period. Following the completion of
each Performance Period, the Committee shall certify in writing whether and the extent to which the applicable Performance Goals have been achieved for such Performance Period. In determining the amount earned under such Awards, unless otherwise
provided in an applicable 

  
 13 

 
Program or Award Agreement, the Committee shall have the right to reduce or eliminate (but not to increase) the amount payable at a given level of performance to take into account additional
factors that the Committee may deem relevant, including the assessment of individual or corporate performance for the Performance Period. 

5.5 Payment of Performance-Based Awards. Unless otherwise provided in the applicable Program or Award Agreement or
pursuant to Section 14.2 hereof and only to the extent otherwise permitted by Section 162(m)(4)(C) of the Code, as to an Award that is intended to qualify as Performance-Based Compensation, the Holder must be employed by the Company or an
Affiliate throughout the applicable Performance Period. Unless otherwise provided in the applicable Performance Goals, Program or Award Agreement, a Holder shall be eligible to receive payment pursuant to such Awards for a Performance Period only if
and to the extent the Performance Goals for such applicable Performance Period are achieved. 
 5.6 Additional
Limitations. Notwithstanding any other provision of the Plan and except as otherwise determined by the Administrator, any Award which is granted to an Eligible Individual and is intended to qualify as Performance-Based Compensation shall be
subject to any additional limitations set forth in Section 162(m) of the Code or any regulations or rulings issued thereunder that are requirements for qualification as Performance-Based Compensation, and the Plan, the Program and the Award
Agreement shall be deemed amended to the extent necessary to conform to such requirements. 
 ARTICLE 6. 

GRANTING OF OPTIONS 

6.1 Granting of Options to Eligible Individuals. The Administrator is authorized to grant Options to Eligible
Individuals from time to time, in its sole discretion, on such terms and conditions as it may determine which shall not be inconsistent with the Plan. 

6.2 Qualification of Incentive Stock Options. No Incentive Stock Option shall be granted to any person who is not an
Employee of the Company or any subsidiary corporation (as defined in Section 424(f) of the Code) of the Company. No person who qualifies as a Greater Than 10% Stockholder may be granted an Incentive Stock Option unless such Incentive Stock
Option conforms to the applicable provisions of Section 422 of the Code. Any Incentive Stock Option granted under the Plan may be modified by the Administrator, with the consent of the Holder, to disqualify such Option from treatment as an
“incentive stock option” under Section 422 of the Code. To the extent that the aggregate fair market value of stock with respect to which “incentive stock options” (within the meaning of Section 422 of the Code, but
without regard to Section 422(d) of the Code) are exercisable for the first time by a Holder during any calendar year under the Plan, and all other plans of the Company and any subsidiary or parent corporation thereof (each as defined in
Section 424(f) and (e) of the Code, respectively), exceeds $100,000, the Options shall be treated as Non-Qualified Stock Options to the extent required by Section 422 of the Code. The rule set forth in the preceding sentence shall be
applied by taking Options and other “incentive stock options” into account in the order in which they were granted and the Fair Market Value of stock shall be determined as of the time the respective options were granted. In addition, to
the extent that any Options otherwise fail to qualify as Incentive Stock Options, such Options shall be treated as Nonqualified Stock Options. 

  
 14 

 6.3 Option Exercise Price. Except as provided in Article 14 hereof, the
exercise price per Share subject to each Option shall be set by the Administrator, but shall not be less than one hundred percent (100%) of the Fair Market Value of a Share on the date the Option is granted (or, as to Incentive Stock Options,
on the date the Option is modified, extended or renewed for purposes of Section 424(h) of the Code). In addition, in the case of Incentive Stock Options granted to a Greater Than 10% Stockholder, such price shall not be less than one hundred
ten percent (110%) of the Fair Market Value of a Share on the date the Option is granted (or the date the Option is modified, extended or renewed for purposes of Section 424(h) of the Code). 

6.4 Option Term. The term of each Option (the “Option Term”) shall be set by the Administrator in its
sole discretion; provided, however, that the Option Term shall not be more than ten (10) years from the date the Option is granted, or five (5) years from the date an Incentive Stock Option is granted to a Greater Than 10%
Stockholder. The Administrator shall determine the time period, including the time period following a Termination of Service, during which the Holder has the right to exercise the vested Options, which time period may not extend beyond the last day
of the Option Term. Except as limited by the requirements of Section 409A or Section 422 of the Code and regulations and rulings thereunder, the Administrator may extend the Option Term of any outstanding Option, may extend the time period
during which vested Options may be exercised following any Termination of Service of the Holder, and may amend any other term or condition of such Option relating to such a Termination of Service. 

6.5 Option Vesting. 

(a) The period during which the right to exercise, in whole or in part, an Option vests in the Holder shall be set by the Administrator and
the Administrator may determine that an Option may not be exercised in whole or in part for a specified period after it is granted. Such vesting may be based on service with the Company or any Affiliate, any of the Performance Criteria, or any other
criteria selected by the Administrator. At any time after the grant of an Option, the Administrator may, in its sole discretion and subject to whatever terms and conditions it selects, accelerate the vesting of the Option, including following a
Termination of Service; provided, that in no event shall an Option become exercisable following its expiration, termination or forfeiture. 

(b) No portion of an Option which is unexercisable at a Holder’s Termination of Service shall thereafter become exercisable, except as
may be otherwise provided by the Administrator either in the Program, the Award Agreement or by action of the Administrator following the grant of the Option. 

6.6 Substitute Awards. Notwithstanding the foregoing provisions of this Article 6 to the contrary, in the case of an
Option that is a Substitute Award, the price per share of the shares subject to such Option may be less than the Fair Market Value per share on the date of grant; provided that the excess of: (a) the aggregate Fair Market Value (as of
the date such 

  
 15 

 
Substitute Award is granted) of the shares subject to the Substitute Award, over (b) the aggregate exercise price thereof does not exceed the excess of: (x) the aggregate fair market
value (as of the time immediately preceding the transaction giving rise to the Substitute Award, such fair market value to be determined by the Administrator) of the shares of the predecessor entity that were subject to the grant assumed or
substituted for by the Company, over (y) the aggregate exercise price of such shares. 
 6.7 Substitution of Stock
Appreciation Rights. The Administrator may provide in the applicable Program or the Award Agreement evidencing the grant of an Option that the Administrator, in its sole discretion, shall have the right to substitute a Stock Appreciation Right
for such Option at any time prior to or upon exercise of such Option; provided that such Stock Appreciation Right shall be exercisable with respect to the same number of Shares for which such substituted Option would have been exercisable,
and shall also have the same exercise price, vesting schedule and remaining Option Term as the substituted Option. 
 ARTICLE 7. 

EXERCISE OF OPTIONS 

7.1 Partial Exercise. An exercisable Option may be exercised in whole or in part. However, an Option shall not be
exercisable with respect to fractional Shares and the Administrator may require that, by the terms of the Option, a partial exercise must be with respect to a minimum number of Shares. 

7.2 Manner of Exercise. All or a portion of an exercisable Option shall be deemed exercised upon delivery of all of the
following to the Secretary of the Company, or such other person or entity designated by the Administrator, or his, her or its office, as applicable: 

(a) A written or electronic notice complying with the applicable rules established by the Administrator stating that the Option, or a portion
thereof, is exercised. The notice shall be signed by the Holder or other person then entitled to exercise the Option or such portion of the Option; 

(b) Such representations and documents as the Administrator, in its sole discretion, deems necessary or advisable to effect compliance with
all Applicable Law. The Administrator may, in its sole discretion, also take whatever additional actions it deems appropriate to effect such compliance including, without limitation, placing legends on share certificates and issuing stop-transfer
notices to agents and registrars; 
 (c) In the event that the Option shall be exercised pursuant to Section 12.3 hereof by any person
or persons other than the Holder, appropriate proof of the right of such person or persons to exercise the Option, as determined in the sole discretion of the Administrator; and 

(d) Full payment of the exercise price and applicable withholding taxes to the stock administrator of the Company for the shares with respect
to which the Option, or portion thereof, is exercised, in a manner permitted by Section 12.1 and 12.2 hereof. 

  
 16 

 7.3 Notification Regarding Disposition. The Holder shall give the Company
prompt written or electronic notice of any disposition of Shares acquired by exercise of an Incentive Stock Option which occurs within (a) two (2) years from the date of granting (including the date the Option is modified, extended or
renewed for purposes of Section 424(h) of the Code) of such Option to such Holder, or (b) one (1) year after the transfer of such shares to such Holder. 

ARTICLE 8. 
 AWARD OF
RESTRICTED STOCK 
 8.1 Award of Restricted Stock. 

(a) The Administrator is authorized to grant Restricted Stock to Eligible Individuals, and shall determine the terms and conditions,
including the restrictions applicable to each award of Restricted Stock, which terms and conditions shall not be inconsistent with the Plan, and may impose such conditions on the issuance of such Restricted Stock as it deems appropriate. 

(b) The Administrator shall establish the purchase price, if any, and form of payment for Restricted Stock; provided, however,
that if a purchase price is charged, such purchase price shall be no less than the par value, if any, of the Shares to be purchased, unless otherwise permitted by Applicable Law. In all cases, legal consideration shall be required for each issuance
of Restricted Stock to the extent required by Applicable Law. 
 8.2 Rights as Stockholders. Subject to
Section 8.4 hereof, upon issuance of Restricted Stock, the Holder shall have, unless otherwise provided by the Administrator, all the rights of a stockholder with respect to said Shares, subject to the restrictions in the applicable Program or
in each individual Award Agreement, including the right to receive all dividends and other distributions paid or made with respect to the Shares; provided, however, that, in the sole discretion of the Administrator, any extraordinary
distributions with respect to the Shares shall be subject to the restrictions set forth in Section 8.3 hereof. 
 8.3
Restrictions. All shares of Restricted Stock (including any shares received by Holders thereof with respect to shares of Restricted Stock as a result of stock dividends, stock splits or any other form of recapitalization) shall, in the terms
of the applicable Program or in each individual Award Agreement, be subject to such restrictions and vesting requirements as the Administrator shall provide. Such restrictions may include, without limitation, restrictions concerning voting rights
and transferability and such restrictions may lapse separately or in combination at such times and pursuant to such circumstances or based on such criteria as selected by the Administrator, including, without limitation, criteria based on the
Holder’s duration of employment, directorship or consultancy with the Company, the Performance Criteria, Company or Affiliate performance, individual performance or other criteria selected by the Administrator. By action taken after the
Restricted Stock is issued, the Administrator may, on such terms and conditions as it may determine to be appropriate, accelerate the vesting of such Restricted Stock by removing any or all of the restrictions imposed by the terms of the Program
and/or the Award Agreement. Restricted Stock may not be sold or encumbered until all restrictions are terminated or expire. 

  
 17 

 8.4 Repurchase or Forfeiture of Restricted Stock. Except as otherwise
determined by the Administrator at the time of the grant of the Award or thereafter, if no price was paid by the Holder for the Restricted Stock, upon a Termination of Service during the applicable restriction period, the Holder’s rights in
unvested Restricted Stock then subject to restrictions shall lapse, and such Restricted Stock shall be surrendered to the Company and cancelled without consideration. If a price was paid by the Holder for the Restricted Stock, upon a Termination of
Service during the applicable restriction period, the Company shall have the right to repurchase from the Holder the unvested Restricted Stock then subject to restrictions at a cash price per share equal to the price paid by the Holder for such
Restricted Stock or such other amount as may be specified in the Program or the Award Agreement. Notwithstanding the foregoing, the Administrator in its sole discretion may provide that in the event of certain events, including a Change in Control,
the Holder’s death, retirement or disability or any other specified Termination of Service or any other event, the Holder’s rights in unvested Restricted Stock shall not lapse, such Restricted Stock shall vest and, if applicable, the
Company shall not have a right of repurchase. 
 8.5 Certificates for Restricted Stock. Restricted Stock granted
pursuant to the Plan may be evidenced in such manner as the Administrator shall determine. Certificates or book entries evidencing shares of Restricted Stock must include an appropriate legend referring to the terms, conditions, and restrictions
applicable to such Restricted Stock. The Company may, in it sole discretion, (a) retain physical possession of any stock certificate evidencing shares of Restricted Stock until the restrictions thereon shall have lapsed and/or (b) require
that the stock certificates evidencing shares of Restricted Stock be held in custody by a designated escrow agent (which may but need not be the Company) until the restrictions thereon shall have lapsed, and that the Holder deliver a stock power,
endorsed in blank, relating to such Restricted Stock. 
 8.6 Section 83(b) Election. If a Holder makes an
election under Section 83(b) of the Code to be taxed with respect to the Restricted Stock as of the date of transfer of the Restricted Stock rather than as of the date or dates upon which the Holder would otherwise be taxable under
Section 83(a) of the Code, the Holder shall be required to deliver a copy of such election to the Company promptly after filing such election with the Internal Revenue Service. 

ARTICLE 9. 
 AWARD OF
RESTRICTED STOCK UNITS 
 9.1 Grant of Restricted Stock Units. The Administrator is authorized to grant Awards of
Restricted Stock Units to any Eligible Individual selected by the Administrator in such amounts and subject to such terms and conditions as determined by the Administrator. 

9.2 Term. Except as otherwise provided herein, the term of a Restricted Stock Unit award shall be set by the
Administrator in its sole discretion. 

  
 18 

 9.3 Purchase Price. The Administrator shall specify the purchase price, if
any, to be paid by the Holder to the Company with respect to any Restricted Stock Unit award; provided, however, that value of the consideration shall not be less than the par value of a Share, unless otherwise permitted by Applicable
Law. 
 9.4 Vesting of Restricted Stock Units. At the time of grant, the Administrator shall specify the date or dates
on which the Restricted Stock Units shall become fully vested and nonforfeitable, and may specify such conditions to vesting as it deems appropriate, including, without limitation, vesting based upon the Holder’s duration of service to the
Company or any Affiliate, one or more Performance Criteria, Company performance, individual performance or other specific criteria, in each case on a specified date or dates or over any period or periods, as determined by the Administrator. 

9.5 Maturity and Payment. At the time of grant, the Administrator shall specify the maturity date applicable to each
grant of Restricted Stock Units which shall be no earlier than the vesting date or dates of the Award and may be determined at the election of the Holder (if permitted by the applicable Award Agreement); provided that, except as otherwise
determined by the Administrator, set forth in any applicable Award Agreement, and subject to compliance with Section 409A of the Code, in no event shall the maturity date relating to each Restricted Stock Unit occur following the later of
(a) the fifteenth (15th) day of the third (3rd) month following the end of calendar year in which the Restricted Stock Unit
vests; or (b) the fifteenth (15th) day of the third (3rd) month following the end of the Company’s fiscal year in which the
Restricted Stock Unit vests. On the maturity date, the Company shall, subject to Section 12.4(e) hereof, transfer to the Holder one unrestricted, fully transferable Share for each Restricted Stock Unit scheduled to be paid out on such date and
not previously forfeited, or, in the sole discretion of the Administrator, an amount in cash equal to the Fair Market Value of such shares on the maturity date or a combination of cash and Common Stock as determined by the Administrator. 

9.6 Payment upon Termination of Service. An Award of Restricted Stock Units shall only be payable while the Holder is an
Employee, a Consultant or a member of the Board, as applicable; provided, however, that the Administrator, in its sole and absolute discretion may provide (in an Award Agreement or otherwise) that a Restricted Stock Unit award may be
paid subsequent to a Termination of Service in certain events, including a Change in Control, the Holder’s death, retirement or disability or any other specified Termination of Service. 

9.7 No Rights as a Stockholder. Unless otherwise determined by the Administrator, a Holder who is awarded Restricted
Stock Units shall possess no incidents of ownership with respect to the Shares represented by such Restricted Stock Units, unless and until the same are transferred to the Holder pursuant to the terms of this Plan and the Award Agreement. 

9.8 Dividend Equivalents. Subject to Section 10.2 hereof, the Administrator may, in its sole discretion, provide
that Dividend Equivalents shall be earned by a Holder of Restricted Stock Units based on dividends declared on the Common Stock, to be credited as of dividend payment dates during the period between the date an Award of Restricted Stock Units is
granted to a Holder and the maturity date of such Award. 

  
 19 

 ARTICLE 10. 

AWARD OF PERFORMANCE AWARDS, DIVIDEND EQUIVALENTS, STOCK PAYMENTS, DEFERRED STOCK, DEFERRED STOCK UNITS 

10.1 Performance Awards. 

(a) The Administrator is authorized to grant Performance Awards, including Awards of Performance Stock Units, to any Eligible Individual and
to determine whether such Performance Awards shall be Performance-Based Compensation. The value of Performance Awards, including Performance Stock Units, may be linked to any one or more of the Performance Criteria or other specific criteria
determined by the Administrator, in each case on a specified date or dates or over any period or periods determined by the Administrator. Performance Awards, including Performance Stock Unit awards may be paid in cash, Shares, or a combination of
cash and Shares, as determined by the Administrator. 
 (b) Without limiting Section 10.1(a) hereof, the Administrator may grant
Performance Awards to any Eligible Individual in the form of a cash bonus payable upon the attainment of objective Performance Goals, or such other criteria, whether or not objective, which are established by the Administrator, in each case on a
specified date or dates or over any period or periods determined by the Administrator. Any such bonuses paid to a Holder which are intended to be Performance-Based Compensation shall be based upon objectively determinable bonus formulas established
in accordance with the provisions of Article 5 hereof. 
 10.2 Dividend Equivalents. 

(a) Dividend Equivalents may be granted by the Administrator based on dividends declared on the Common Stock, to be credited as of dividend
payment dates during the period between the date an Award is granted to a Holder and the date such Award vests, is exercised, is distributed or expires, as determined by the Administrator. Such Dividend Equivalents shall be converted to cash or
additional shares of Common Stock by such formula and at such time and subject to such limitations as may be determined by the Administrator. 

(b) Notwithstanding the foregoing, no Dividend Equivalents shall be payable with respect to Options or Stock Appreciation Rights. 

10.3 Stock Payments. The Administrator is authorized to make Stock Payments to any Eligible Individual. The number or
value of Shares of any Stock Payment shall be determined by the Administrator and may be based upon one or more Performance Criteria or any other specific criteria, including service to the Company or any Affiliate, determined by the Administrator.
Shares underlying a Stock Payment which is subject to a vesting schedule or other conditions or criteria set by the Administrator will not be issued until those conditions have been satisfied. Unless otherwise provided by the Administrator, a Holder
of a Stock Payment shall have no rights as a Company stockholder with respect to such Stock Payment until such time as the Stock Payment has vested and the Shares underlying the Award have been issued to the Holder. Stock Payments may, but are not
required to, be made in lieu of base salary, bonus, fees or other cash compensation otherwise payable to such Eligible Individual. 

  
 20 

 10.4 Deferred Stock. The Administrator is authorized to grant Deferred
Stock to any Eligible Individual. The number of shares of Deferred Stock shall be determined by the Administrator and may (but is not required to) be based on one or more Performance Criteria or other specific criteria, including service to the
Company or any Affiliate, as the Administrator determines, in each case on a specified date or dates or over any period or periods determined by the Administrator. Shares underlying a Deferred Stock award which is subject to a vesting schedule or
other conditions or criteria set by the Administrator will be issued on the vesting date(s) or date(s) that those conditions and criteria have been satisfied, as applicable. Unless otherwise provided by the Administrator, a Holder of Deferred Stock
shall have no rights as a Company stockholder with respect to such Deferred Stock until such time as the Award has vested and any other applicable conditions and/or criteria have been satisfied and the Shares underlying the Award have been issued to
the Holder. 
 10.5 Deferred Stock Units. The Administrator is authorized to grant Deferred Stock Units to any
Eligible Individual. The number of Deferred Stock Units shall be determined by the Administrator and may (but is not required to) be based on one or more Performance Criteria or other specific criteria, including service to the Company or any
Affiliate, as the Administrator determines, in each case on a specified date or dates or over any period or periods determined by the Administrator. Each Deferred Stock Unit shall entitle the Holder thereof to receive one share of Common Stock on
the date the Deferred Stock Unit becomes vested or upon a specified settlement date thereafter (which settlement date may (but is not required to) be the date of the Holder’s Termination of Service). Shares underlying a Deferred Stock Unit
award which is subject to a vesting schedule or other conditions or criteria set by the Administrator will not be issued until on or following the date that those conditions and criteria have been satisfied. Unless otherwise provided by the
Administrator, a Holder of Deferred Stock Units shall have no rights as a Company stockholder with respect to such Deferred Stock Units until such time as the Award has vested and any other applicable conditions and/or criteria have been satisfied
and the Shares underlying the Award have been issued to the Holder. 
 10.6 Term. The term of a Performance Award,
Dividend Equivalent award, Stock Payment award, Deferred Stock award and/or Deferred Stock Unit award shall be set by the Administrator in its sole discretion. 

10.7 Purchase Price. The Administrator may establish the purchase price of a Performance Award, Shares distributed as a
Stock Payment award, shares of Deferred Stock or Shares distributed pursuant to a Deferred Stock Unit award; provided, however, that value of the consideration shall not be less than the par value of a Share, unless otherwise permitted
by Applicable Law. 
 10.8 Termination of Service. A Performance Award, Stock Payment award, Dividend Equivalent
award, Deferred Stock award and/or Deferred Stock Unit award is distributable only while the Holder is an Employee, Director or Consultant, as applicable. The Administrator, however, in its sole discretion may provide that the Performance Award,
Dividend Equivalent award, Stock Payment award, Deferred Stock award and/or Deferred Stock Unit award may be distributed subsequent to a Termination of Service in certain events, including a Change in Control, the Holder’s death, retirement or
disability or any other specified Termination of Service. 

  
 21 

 ARTICLE 11. 

AWARD OF STOCK APPRECIATION RIGHTS 

11.1 Grant of Stock Appreciation Rights. 

(a) The Administrator is authorized to grant Stock Appreciation Rights to Eligible Individuals from time to time, in its sole discretion, on
such terms and conditions as it may determine consistent with the Plan. 
 (b) A Stock Appreciation Right shall entitle the Holder (or
other person entitled to exercise the Stock Appreciation Right pursuant to the Plan) to exercise all or a specified portion of the Stock Appreciation Right (to the extent then exercisable pursuant to its terms) and to receive from the Company an
amount determined by multiplying the difference obtained by subtracting the exercise price per Share of the Stock Appreciation Right from the Fair Market Value on the date of exercise of the Stock Appreciation Right by the number of Shares with
respect to which the Stock Appreciation Right shall have been exercised, subject to any limitations the Administrator may impose. Except as described in (c) below or in Section 14.2 hereof, the exercise price per Share subject to each
Stock Appreciation Right shall be set by the Administrator, but shall not be less than one hundred percent (100%) of the Fair Market Value on the date the Stock Appreciation Right is granted. 

(c) Notwithstanding the foregoing provisions of Section 11.1(b) hereof to the contrary, in the case of a Stock Appreciation Right that
is a Substitute Award, the price per Share of the Shares subject to such Stock Appreciation Right may be less than one hundred percent (100%) of the Fair Market Value per share on the date of grant; provided that the excess of:
(i) the aggregate Fair Market Value (as of the date such Substitute Award is granted) of the shares subject to the Substitute Award, over (ii) the aggregate exercise price thereof does not exceed the excess of: (x) the aggregate fair
market value (as of the time immediately preceding the transaction giving rise to the Substitute Award, such fair market value to be determined by the Administrator) of the shares of the predecessor entity that were subject to the grant assumed or
substituted for by the Company, over (y) the aggregate exercise price of such shares. 
 11.2 Stock Appreciation
Right Vesting. 
 (a) The period during which the right to exercise, in whole or in part, a Stock Appreciation Right vests in the
Holder shall be set by the Administrator and the Administrator may determine that a Stock Appreciation Right may not be exercised in whole or in part for a specified period after it is granted. Such vesting may be based on service with the Company
or any Affiliate, any of the Performance Criteria or any other criteria selected by the Administrator. At any time after grant of a Stock Appreciation Right, the Administrator may, in its sole discretion and subject to whatever terms and conditions
it selects, accelerate the period during which a Stock Appreciation Right vests. 

  
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 (b) No portion of a Stock Appreciation Right which is unexercisable at Termination of Service
shall thereafter become exercisable, except as may be otherwise provided by the Administrator either in the applicable Program or Award Agreement or by action of the Administrator following the grant of the Stock Appreciation Right, including
following a Termination of Service; provided, that in no event shall a Stock Appreciation Right become exercisable following its expiration, termination or forfeiture. 

11.3 Manner of Exercise. All or a portion of an exercisable Stock Appreciation Right shall be deemed exercised upon
delivery of all of the following to the stock administrator of the Company, or such other person or entity designated by the Administrator, or his, her or its office, as applicable: 

(a) A written or electronic notice complying with the applicable rules established by the Administrator stating that the Stock Appreciation
Right, or a portion thereof, is exercised. The notice shall be signed by the Holder or other person then entitled to exercise the Stock Appreciation Right or such portion of the Stock Appreciation Right; 

(b) Such representations and documents as the Administrator, in its sole discretion, deems necessary or advisable to effect compliance with
all applicable provisions of the Securities Act and any other federal, state or foreign securities laws or regulations. The Administrator may, in its sole discretion, also take whatever additional actions it deems appropriate to effect such
compliance; and 
 (c) In the event that the Stock Appreciation Right shall be exercised pursuant to this Section 11.3 hereof by any
person or persons other than the Holder, appropriate proof of the right of such person or persons to exercise the Stock Appreciation Right. 

11.4 Stock Appreciation Right Term. The term of each Stock Appreciation Right (the “Stock Appreciation Right
Term”) shall be set by the Administrator in its sole discretion; provided, however, that the term shall not be more than ten (10) years from the date the Stock Appreciation Right is granted. The Administrator shall
determine the time period, including the time period following a Termination of Service, during which the Holder has the right to exercise the vested Stock Appreciation Rights, which time period may not extend beyond the expiration date of the Stock
Appreciation Right Term. Except as limited by the requirements of Section 409A of the Code and regulations and rulings thereunder or the first sentence of this Section 11.4, the Administrator may extend the Stock Appreciation Right Term of
any outstanding Stock Appreciation Right, may extend the time period during which vested Stock Appreciation Rights may be exercised following any Termination of Service of the Holder, and may amend any other term or condition of such Stock
Appreciation Right relating to such a Termination of Service. 
 11.5 Payment. Payment of the amounts payable with
respect to Stock Appreciation Rights pursuant to this Article 11 shall be in cash, Shares (based on its Fair Market Value as of the date the Stock Appreciation Right is exercised), or a combination of both, as determined by the Administrator. 

  
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 ARTICLE 12. 

ADDITIONAL TERMS OF AWARDS 

12.1 Payment. The Administrator shall determine the methods by which payments by any Holder with respect to any Awards
granted under the Plan shall be made, including, without limitation: (a) cash or check, (b) Shares (including, in the case of payment of the exercise price of an Award, Shares issuable pursuant to the exercise of the Award) or Shares held
for such period of time as may be required by the Administrator in order to avoid adverse accounting consequences, in each case, having a Fair Market Value on the date of delivery equal to the aggregate payments required, (c) delivery of a
written or electronic notice that the Holder has placed a market sell order with a broker with respect to Shares then issuable upon exercise or vesting of an Award, and that the broker has been directed to pay a sufficient portion of the net
proceeds of the sale to the Company in satisfaction of the aggregate payments required; provided that payment of such proceeds is then made to the Company upon settlement of such sale, or (d) other form of legal consideration acceptable
to the Administrator. The Administrator shall also determine the methods by which Shares shall be delivered or deemed to be delivered to Holders. Notwithstanding any other provision of the Plan to the contrary, no Holder who is a Director or an
“executive officer” of the Company within the meaning of Section 13(k) of the Exchange Act shall be permitted to make payment with respect to any Awards granted under the Plan, or continue any extension of credit with respect to such
payment, with a loan from the Company or a loan arranged by the Company in violation of Section 13(k) of the Exchange Act. 

12.2 Tax Withholding. The Company or any Affiliate shall have the authority and the right to deduct or withhold, or
require a Holder to remit to the Company, an amount sufficient to satisfy federal, state, local and foreign taxes (including the Holder’s FICA or employment tax obligation) required by law to be withheld with respect to any taxable event
concerning a Holder arising as a result of the Plan. The Administrator may in its sole discretion and in satisfaction of the foregoing requirement allow a Holder to satisfy such obligations by any payment means described in Section 12.1 hereof,
including without limitation, by allowing such Holder to elect to have the Company withhold Shares otherwise issuable under an Award (or allow the surrender of Shares). The number of Shares which may be so withheld or surrendered shall be limited to
the number of Shares which have a Fair Market Value on the date of withholding or repurchase equal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and
payroll tax purposes that are applicable to such supplemental taxable income. The Administrator shall determine the fair market value of the Shares, consistent with applicable provisions of the Code, for tax withholding obligations due in connection
with a broker-assisted cashless Option or Stock Appreciation Right exercise involving the sale of Shares to pay the Option or Stock Appreciation Right exercise price or any tax withholding obligation. 

  
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 12.3 Transferability of Awards. 

(a) Except as otherwise provided in Sections 12.3(b) and 12.3(c) hereof: 

(i) No Award under the Plan may be sold, pledged, assigned or transferred in any manner other than by will or the laws of descent and
distribution or, subject to the consent of the Administrator, pursuant to a DRO, unless and until such Award has been exercised, or the Shares underlying such Award have been issued, and all restrictions applicable to such Shares have lapsed; 

(ii) No Award or interest or right therein shall be liable for the debts, contracts or engagements of the Holder or the Holder’s
successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, hypothecation, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by
judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy) unless and until such Award has been exercised, or the Shares underlying such Award have been issued, and all restrictions applicable to such
Shares have lapsed, and any attempted disposition of an Award prior to the satisfaction of these conditions shall be null and void and of no effect, except to the extent that such disposition is permitted by clause (i) of this provision; and

 (iii) During the lifetime of the Holder, only the Holder may exercise an Award (or any portion thereof) granted to such Holder under the
Plan, unless it has been disposed of pursuant to a DRO; after the death of the Holder, any exercisable portion of an Award may, prior to the time when such portion becomes unexercisable under the Plan or the applicable Program or Award Agreement, be
exercised by the Holder’s personal representative or by any person empowered to do so under the deceased Holder’s will or under the then applicable laws of descent and distribution. 

(b) Notwithstanding Section 12.3(a) hereof, the Administrator, in its sole discretion, may determine to permit a Holder or a Permitted
Transferee of such Holder to transfer an Award other than an Incentive Stock Option (unless such Incentive Stock Option is to become a Non-Qualified Stock Option) to any one or more Permitted Transferees, subject to the following terms and
conditions: (i) an Award transferred to a Permitted Transferee shall not be assignable or transferable by the Permitted Transferee (other than to another Permitted Transferee of the applicable Holder) other than by will or the laws of descent
and distribution; (ii) an Award transferred to a Permitted Transferee shall continue to be subject to all the terms and conditions of the Award as applicable to the original Holder (other than the ability to further transfer the Award); and
(iii) the Holder (or transferring Permitted Transferee) and the Permitted Transferee shall execute any and all documents requested by the Administrator, including, without limitation documents to (A) confirm the status of the transferee as
a Permitted Transferee, (B) satisfy any requirements for an exemption for the transfer under applicable federal, state and foreign securities laws and (C) evidence the transfer. 

(c) Notwithstanding Section 12.3(a) hereof, a Holder may, in the manner determined by the Administrator, designate a beneficiary to
exercise the rights of the Holder and to receive any distribution with respect to any Award upon the Holder’s death. A beneficiary, 

  
 25 

 
legal guardian, legal representative, or other person claiming any rights pursuant to the Plan is subject to all terms and conditions of the Plan and any Program or Award Agreement applicable to
the Holder, except to the extent the Plan, the Program and the Award Agreement otherwise provide, and to any additional restrictions deemed necessary or appropriate by the Administrator. If the Holder is married or a domestic partner in a domestic
partnership qualified under Applicable Law and resides in a community property state, a designation of a person other than the Holder’s spouse or domestic partner, as applicable, as his or her beneficiary with respect to more than fifty percent
(50%) of the Holder’s interest in the Award shall not be effective without the prior written or electronic consent of the Holder’s spouse or domestic partner, as applicable. If no beneficiary has been designated or survives the
Holder, payment shall be made to the person entitled thereto pursuant to the Holder’s will or the laws of descent and distribution. Subject to the foregoing, a beneficiary designation may be changed or revoked by a Holder at any time;
provided that the change or revocation is filed with the Administrator prior to the Holder’s death. 
 12.4
Conditions to Issuance of Shares. 
 (a) Notwithstanding anything herein to the contrary, the Company shall not be required to issue
or deliver any certificates or make any book entries evidencing Shares pursuant to the exercise of any Award, unless and until the Board or the Committee has determined, with advice of counsel, that the issuance of such shares is in compliance with
all Applicable Law, and the Shares are covered by an effective registration statement or applicable exemption from registration. In addition to the terms and conditions provided herein, the Board or the Committee may require that a Holder make such
reasonable covenants, agreements, and representations as the Board or the Committee, in its discretion, deems advisable in order to comply with Applicable Law. 

(b) All Share certificates delivered pursuant to the Plan and all Shares issued pursuant to book entry procedures are subject to any
stop-transfer orders and other restrictions as the Administrator deems necessary or advisable to comply with Applicable Law. The Administrator may place legends on any Share certificate or book entry to reference restrictions applicable to the
Shares. 
 (c) The Administrator shall have the right to require any Holder to comply with any timing or other restrictions with respect to
the settlement, distribution or exercise of any Award, including a window-period limitation, as may be imposed in the sole discretion of the Administrator. 

(d) No fractional Shares shall be issued and the Administrator shall determine, in its sole discretion, whether cash shall be given in lieu
of fractional Shares or whether such fractional Shares shall be eliminated by rounding down. 
 (e) Notwithstanding any other provision of
the Plan, unless otherwise determined by the Administrator or required by any Applicable Law, the Company shall not deliver to any Holder certificates evidencing Shares issued in connection with any Award and instead such Shares shall be recorded in
the books of the Company (or, as applicable, its transfer agent or stock plan administrator). 

  
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 12.5 Forfeiture and Claw-Back Provisions. Pursuant to its general
authority to determine the terms and conditions applicable to Awards under the Plan, the Administrator shall have the right to provide, in an Award Agreement or otherwise, or to require a Holder to agree by separate written or electronic instrument,
that: 
 (a) (i) Any proceeds, gains or other economic benefit actually or constructively received by the Holder upon any receipt or
exercise of the Award, or upon the receipt or resale of any Shares underlying the Award, must be paid to the Company, and (ii) the Award shall terminate and any unexercised portion of the Award (whether or not vested) shall be forfeited, if
(x) a Termination of Service occurs prior to a specified date, or within a specified time period following receipt or exercise of the Award, or (y) the Holder at any time, or during a specified time period, engages in any activity in
competition with the Company, or which is inimical, contrary or harmful to the interests of the Company, as further defined by the Administrator or (z) the Holder incurs a Termination of Service for “cause” (as such term is defined in
the sole discretion of the Administrator, or as set forth in a written agreement relating to such Award between the Company and the Holder); and 

(b) All Awards (including any proceeds, gains or other economic benefit actually or constructively received by the Holder upon any receipt or
exercise of any Award or upon the receipt or resale of any Shares underlying the Award) shall be subject to the provisions of any claw-back policy implemented by the Company, including, without limitation, any claw-back policy adopted to comply with
the requirements of Applicable Law, including, without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act and any rules or regulations promulgated thereunder, to the extent set forth in such claw-back policy and/or in the
applicable Award Agreement. 
 12.6 Prohibition on Repricing. Subject to Section 14.2 hereof, the Administrator
shall not, without the approval of the stockholders of the Company, (i) authorize the amendment of any outstanding Option or Stock Appreciation Right to reduce its price per Share, or (ii) cancel any Option or Stock Appreciation Right in
exchange for cash or another Award when the Option or Stock Appreciation Right price per Share exceeds the Fair Market Value of the underlying Shares. 

12.7 Leave of Absence. Unless the Administrator provides otherwise, vesting of Awards granted hereunder shall be
suspended during any unpaid leave of absence. A Holder shall not cease to be considered an Employee, Non-Employee Director or Consultant, as applicable, in the case of any (a) leave of absence approved by the Company, (b) transfer between
locations of the Company or between the Company and any of its Affiliates or any successor thereof, or (c) change in status (Employee to Director, Employee to Consultant, etc.), provided that such change does not affect the specific terms
applying to the Holder’s Award. 
 ARTICLE 13. 

ADMINISTRATION 

13.1 Administrator. The Committee (or another committee or a subcommittee of the Board or the Compensation Committee of
the Board assuming the functions of the Committee 

  
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under the Plan) shall administer the Plan (except as otherwise permitted herein) and, unless otherwise determined by the Board, shall consist solely of two or more Non-Employee Directors
appointed by and holding office at the pleasure of the Board, each of whom is intended to qualify as both a “non-employee director” as defined by Rule 16b-3 of the Exchange Act or any successor rule, an “outside director” for
purposes of Section 162(m) of the Code and an “independent director” under the rules of any securities exchange or automated quotation system on which the Shares are listed, quoted or traded; provided that any action taken by
the Committee shall be valid and effective, whether or not members of the Committee at the time of such action are later determined not to have satisfied the requirements for membership set forth in this Section 13.l or otherwise provided in
any charter of the Committee. Except as may otherwise be provided in any charter of the Committee, appointment of Committee members shall be effective upon acceptance of appointment. Committee members may resign at any time by delivering written or
electronic notice to the Board. Vacancies in the Committee may only be filled by the Board. Notwithstanding the foregoing, (a) the full Board, acting by a majority of its members in office, shall conduct the general administration of the Plan
with respect to Awards granted to Non-Employee Directors and, with respect to such Awards, the terms “Administrator” and “Committee” as used in the Plan shall be deemed to refer to the Board and (b) the Board or Committee
may delegate its authority hereunder to the extent permitted by Section 13.6 hereof. 
 13.2 Duties and Powers of
Administrator. It shall be the duty of the Administrator to conduct the general administration of the Plan in accordance with its provisions. The Administrator shall have the power to interpret the Plan, the Program and the Award Agreement, and
to adopt such rules for the administration, interpretation and application of the Plan as are not inconsistent therewith, to interpret, amend or revoke any such rules and to amend any Program or Award Agreement; provided that the rights or
obligations of the Holder of the Award that is the subject of any such Program or Award Agreement are not affected materially and adversely by such amendment, unless the consent of the Holder is obtained or such amendment is otherwise permitted
under Section 14.10 hereof. Any such grant or award under the Plan need not be the same with respect to each Holder. Any such interpretations and rules with respect to Incentive Stock Options shall be consistent with the provisions of
Section 422 of the Code. In its sole discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Committee under the Plan except with respect to matters which under Rule 16b-3 under the Exchange Act or any successor rule, or Section 162(m) of the Code, or any regulations or rules issued thereunder, or the rules of any securities exchange or automated quotation system on which
the Shares are listed, quoted or traded are required to be determined in the sole discretion of the Committee. 
 13.3
Action by the Committee. Unless otherwise established by the Board or in any charter of the Committee, a majority of the Committee shall constitute a quorum and the acts of a majority of the members present at any meeting at which a quorum is
present, and acts approved in writing by all members of the Committee in lieu of a meeting, shall be deemed the acts of the Committee. Each member of the Committee is entitled to, in good faith, rely or act upon any report or other information
furnished to that member by any officer or other employee of the Company or any Affiliate, the Company’s independent certified public accountants, or any executive compensation consultant or other professional retained by the Company to assist
in the administration of the Plan. 

  
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 13.4 Authority of Administrator. Subject to the Company’s Bylaws, the
Committee’s Charter and any specific designation in the Plan, the Administrator has the exclusive power, authority and sole discretion to: 

(a) Designate Eligible Individuals to receive Awards; 

(b) Determine the type or types of Awards to be granted to each Eligible Individual; 

(c) Determine the number of Awards to be granted and the number of Shares to which an Award will relate; 

(d) Determine the terms and conditions of any Award granted pursuant to the Plan, including, but not limited to, the exercise
price, grant price, or purchase price, any performance criteria, any restrictions or limitations on the Award, any schedule for vesting, lapse of forfeiture restrictions or restrictions on the exercisability of an Award, and accelerations or waivers
thereof, and any provisions related to non-competition and recapture of gain on an Award, based in each case on such considerations as the Administrator in its sole discretion determines; 

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

(f) Prescribe the form of each Award Agreement, which need not be identical for each Holder; 

(g) Decide all other matters that must be determined in connection with an Award; 

(h) Establish, adopt, or revise any rules and regulations as it may deem necessary or advisable to administer the Plan; 

(i) Interpret the terms of, and any matter arising pursuant to, the Plan, any Program or any Award Agreement; 

(j) Make all other decisions and determinations that may be required pursuant to the Plan or as the Administrator deems
necessary or advisable to administer the Plan; and 
 (k) Accelerate wholly or partially the vesting or lapse of
restrictions of any Award or portion thereof at any time after the grant of an Award, subject to whatever terms and conditions it selects and Sections 3.4 and 14.2(d) hereof. 

13.5 Decisions Binding. The Administrator’s interpretation of the Plan, any Awards granted pursuant to the Plan,
any Program, any Award Agreement and all decisions and determinations by the Administrator with respect to the Plan are final, binding, and conclusive on all parties. 

  
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 13.6 Delegation of Authority. To the extent permitted by Applicable Law,
the Board or Committee may from time to time delegate to a committee of one or more members of the Board or one or more officers of the Company the authority to grant or amend Awards or to take other administrative actions pursuant to Article 13;
provided, however, that in no event shall an officer of the Company be delegated the authority to grant awards to, or amend awards held by, the following individuals: (a) individuals who are subject to Section 16 of the
Exchange Act, (b) Covered Employees, or (c) officers of the Company (or Directors) to whom authority to grant or amend Awards has been delegated hereunder; provided, further, that any delegation of administrative authority
shall only be permitted to the extent it is permissible under Section 162(m) of the Code and Applicable Law. Any delegation hereunder shall be subject to the restrictions and limits that the Board or Committee specifies at the time of such
delegation, and the Board may at any time rescind the authority so delegated or appoint a new delegatee. At all times, the delegatee appointed under this Section 13.6 hereof shall serve in such capacity at the pleasure of the Board and the
Committee. 
 ARTICLE 14. 

MISCELLANEOUS PROVISIONS 

14.1 Amendment, Suspension or Termination of the Plan. Except as otherwise provided in this Section 14.1, the Plan
may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Board or the Committee. However, without approval of the Company’s stockholders given within twelve (12) months
before or after the action by the Administrator, no action of the Administrator may, except as provided in Section 14.2 hereof, (a) increase the limits imposed in Section 3.1 hereof on the maximum number of shares which may be issued
under the Plan, or (b) reduce the price per share of any outstanding Option or Stock Appreciation Right granted under the Plan, or (c) cancel any Option or Stock Appreciation Right in exchange for cash or another Award when the Option or
Stock Appreciation Right price per share exceeds the Fair Market Value of the underlying Shares. Except as provided in Section 14.10 hereof, no amendment, suspension or termination of the Plan shall, without the consent of the Holder,
materially and adversely affect any rights or obligations under any Award theretofore granted or awarded, unless the Award itself otherwise expressly so provides. No Awards may be granted or awarded during any period of suspension or after
termination of the Plan, and in no event may any Award be granted under the Plan after the tenth (10th) anniversary of the Effective Date. 

14.2 Changes in Common Stock or Assets of the Company, Acquisition or Liquidation of the Company and Other Corporate
Events. 
 (a) In the event of any stock dividend, stock split, combination or exchange of shares, merger, consolidation or other
distribution (other than normal cash dividends) of Company assets to stockholders, or any other change affecting the shares of the Company’s stock or the share price of the Company’s stock other than an Equity Restructuring, the
Administrator may make equitable adjustments, if any, to reflect such change with respect to (i) 

  
 30 

 
the aggregate number and kind of shares that may be issued under the Plan (including, but not limited to, adjustments of the limitations in Section 3.1 hereof on the maximum number and kind
of shares which may be issued under the Plan); (ii) the number and kind of shares of Common Stock (or other securities or property) subject to outstanding Awards; (iii) the number and kind of shares of Common Stock (or other securities or
property) for which grants are subsequently to be made to new and continuing Non-Employee Directors pursuant to Section 4.6 hereof; (iv) the terms and conditions of any outstanding Awards (including, without limitation, any applicable
performance targets or criteria with respect thereto); and (v) the grant or exercise price per share for any outstanding Awards under the Plan. Any adjustment affecting an Award intended as Performance-Based Compensation shall be made
consistent with the requirements of Section 162(m) of the Code. 
 (b) In the event of any transaction or event described in
Section 14.2(a) hereof or any unusual or nonrecurring transactions or events affecting the Company, any Affiliate of the Company, or the financial statements of the Company or any Affiliate, or of changes in Applicable Law, the Administrator,
in its sole discretion, and on such terms and conditions as it deems appropriate, either by the terms of the Award or by action taken prior to the occurrence of such transaction or event and either automatically or upon the Holder’s request, is
hereby authorized to take any one or more of the following actions whenever the Administrator determines that such action is appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available
under the Plan or with respect to any Award under the Plan, to facilitate such transactions or events or to give effect to such changes in laws, regulations or principles: 

(i) To provide for either (A) termination of any such Award in exchange for an amount of cash and/or other property, if any, equal to
the amount that would have been attained upon the exercise of such Award or realization of the Holder’s rights (and, for the avoidance of doubt, if as of the date of the occurrence of the transaction or event described in this Section 14.2
the Administrator determines in good faith that no amount would have been attained upon the exercise of such Award or realization of the Holder’s rights, then such Award may be terminated by the Company without payment) or (B) the
replacement of such Award with other rights or property selected by the Administrator in its sole discretion having an aggregate value not exceeding the amount that could have been attained upon the exercise of such Award or realization of the
Holder’s rights had such Award been currently exercisable or payable or fully vested; 
 (ii) To provide that such Award be assumed by
the successor or survivor corporation, or a parent or subsidiary thereof, or shall be substituted for by similar options, rights or awards covering the stock of the successor or survivor corporation, or a parent or subsidiary thereof, with
appropriate adjustments as to the number and kind of shares and prices; 
 (iii) To make adjustments in the number and type of shares of
the Company’s stock (or other securities or property) subject to outstanding Awards, and in the number and kind of outstanding Restricted Stock or Deferred Stock and/or in the terms and conditions of (including the grant or exercise price), and
the criteria included in, outstanding Awards and Awards which may be granted in the future; 

  
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 (iv) To provide that such Award shall be exercisable or payable or fully vested with respect to
all shares covered thereby, notwithstanding anything to the contrary in the Plan or the applicable Program or Award Agreement; and 
 (v)
To provide that the Award cannot vest, be exercised or become payable after such event. 
 (c) In connection with the occurrence of any
Equity Restructuring, and notwithstanding anything to the contrary in Sections 14.2(a) and 14.2(b) hereof: 
 (i) The number and type of
securities subject to each outstanding Award and the exercise price or grant price thereof, if applicable, shall be equitably adjusted; and/or 

(ii) The Administrator shall make such equitable adjustments, if any, as the Administrator in its discretion may deem appropriate to reflect
such Equity Restructuring with respect to the aggregate number and kind of shares that may be issued under the Plan (including, but not limited to, adjustments of the limitations in Section 3.1 hereof on the maximum number and kind of shares
which may be issued under the Plan). 
 The adjustments provided under this Section 14.2(c) shall be nondiscretionary and shall be
final and binding on the affected Holder and the Company. 
 (d) Change in Control. 

(i) Notwithstanding any other provision of the Plan, in the event of a Change in Control, each outstanding Award shall be assumed or an
equivalent Award substituted by the successor corporation or a parent or subsidiary of the successor corporation, in each case, as determined by the Administrator. 

(ii) In the event that the successor corporation in a Change in Control and its parents and subsidiaries refuse to assume or substitute for
any Award in accordance with Section 14.2(d)(i) hereof, each such non-assumed/substituted Award, except for any Performance Awards, shall become fully vested and, as applicable, exercisable and shall be deemed exercised, immediately prior to
the consummation of such transaction, and all forfeiture restrictions on any or all such Awards shall lapse at such time. For the avoidance of doubt, the vesting of any Performance Awards not assumed in a Change in Control will not be automatically
accelerated pursuant to this Section 14.2(d)(ii) and will instead vest pursuant to the terms and conditions of the applicable Award Agreement upon a Change in Control where the successor corporation and its parents and subsidiaries refuse to
assume or substitute for any Award in accordance with Section 14.2(d)(i) hereof. If an Award vests and, as applicable, is exercised in lieu of assumption or substitution in connection with a Change in Control, the Administrator shall notify the
Holder of such vesting and any applicable exercise period, and the Award shall terminate upon the Change in Control. For the avoidance of doubt, if the value of an Award that is terminated in connection with this Section 14.2(d)(ii) is zero or
negative at the time of such Change in Control, such Award shall be terminated upon the Change in Control without payment of consideration therefor. 

  
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 (e) The Administrator may, in its sole discretion, include such further provisions and
limitations in any Award, agreement or certificate, as it may deem equitable and in the best interests of the Company that are not inconsistent with the provisions of the Plan. 

(f) With respect to Awards which are granted to Covered Employees and are intended to qualify as Performance-Based Compensation, no
adjustment or action described in this Section 14.2 or in any other provision of the Plan shall be authorized to the extent that such adjustment or action would cause such Award to fail to so qualify as Performance-Based Compensation, unless
the Administrator determines that the Award should not so qualify. No adjustment or action described in this Section 14.2 or in any other provision of the Plan shall be authorized to the extent that such adjustment or action would cause the
Plan to violate Section 422(b)(1) of the Code. Furthermore, no such adjustment or action shall be authorized to the extent such adjustment or action would result in short-swing profits liability under Section 16 of the Exchange Act or
violate the exemptive conditions of Rule 16b-3 of the Exchange Act unless the Administrator determines that the Award is not to comply with such exemptive conditions. 

(g) The existence of the Plan, the Program, the Award Agreement and the Awards granted hereunder shall not affect or restrict in any way the
right or power of the Company or the stockholders of the Company to make or authorize any adjustment, recapitalization, reorganization or other change in the Company’s capital structure or its business, any merger or consolidation of the
Company, any issue of stock or of options, warrants or rights to purchase stock or of bonds, debentures, preferred or prior preference stocks whose rights are superior to or affect the Common Stock or the rights thereof or which are convertible into
or exchangeable for Common Stock, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 

(h) In the event of any pending stock dividend, stock split, combination or exchange of shares, merger, consolidation or other distribution
(other than normal cash dividends) of Company assets to stockholders, or any other change affecting the Shares or the share price of the Common Stock including any Equity Restructuring, for reasons of administrative convenience, the Company in its
sole discretion may refuse to permit the exercise of any Award during a period of thirty (30) days prior to the consummation of any such transaction. 

14.3 Approval of Plan by Stockholders. The Plan will be submitted for the approval of the Company’s stockholders
within twelve (12) months after the date of the Board’s initial adoption of the Plan. Awards may be granted or awarded prior to such stockholder approval; provided that such Awards shall not be exercisable, shall not vest and the
restrictions thereon shall not lapse and no Shares shall be issued pursuant thereto prior to the time when the Plan is approved by the stockholders; and provided, further, that if such approval has not been obtained at the end of said
twelve (12) month period, all Awards previously granted or awarded under the Plan shall thereupon be canceled and become null and void. 

  
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 14.4 No Stockholders Rights. Except as otherwise provided herein, a Holder
shall have none of the rights of a stockholder with respect to Shares covered by any Award until the Holder becomes the record owner of such Shares. 

14.5 Paperless Administration. In the event that the Company establishes, for itself or using the services of a third
party, an automated system for the documentation, granting or exercise of Awards, such as a system using an internet website or interactive voice response, then the paperless documentation, granting or exercise of Awards by a Holder may be permitted
through the use of such an automated system. 
 14.6 Effect of Plan upon Other Compensation Plans. The adoption of the
Plan shall not affect any other compensation or incentive plans in effect for the Company or any Affiliate. Nothing in the Plan shall be construed to limit the right of the Company or any Affiliate: (a) to establish any other forms of
incentives or compensation for Employees, Directors or Consultants of the Company or any Affiliate, or (b) to grant or assume options or other rights or awards otherwise than under the Plan in connection with any proper corporate purpose
including without limitation, the grant or assumption of options in connection with the acquisition by purchase, lease, merger, consolidation or otherwise, of the business, stock or assets of any corporation, partnership, limited liability company,
firm or association. 
 14.7 Compliance with Laws. The Plan, the granting and vesting of Awards under the Plan and the
issuance and delivery of Shares and the payment of money under the Plan or under Awards granted or awarded hereunder are subject to compliance with all Applicable Law, and to such approvals by any listing, regulatory or governmental authority as
may, in the opinion of counsel for the Company, be necessary or advisable in connection therewith. Any securities delivered under the Plan shall be subject to such restrictions, and the person acquiring such securities shall, if requested by the
Company, provide such assurances and representations to the Company as the Company may deem necessary or desirable to assure compliance with all Applicable Law. To the extent permitted by Applicable Law, the Plan and Awards granted or awarded
hereunder shall be deemed amended to the extent necessary to conform to such Applicable Law. 
 14.8 Titles and Headings,
References to Sections of the Code or Exchange Act. The titles and headings of the Sections in the Plan are for convenience of reference only and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall
control. References to sections of the Code or the Exchange Act shall include any amendment or successor thereto. 
 14.9
Governing Law. The Plan and any agreements hereunder shall be administered, interpreted and enforced under the internal laws of the State of Delaware without regard to conflicts of laws thereof or of any other jurisdiction. 

14.10 Section 409A. To the extent that the Administrator determines that any Award granted under the Plan is
subject to Section 409A of the Code, the Program pursuant to which such Award is granted and the Award Agreement evidencing such Award shall incorporate the terms and conditions required by Section 409A of the Code. To the extent
applicable, the Plan, the Program and any Award Agreements shall be interpreted in accordance with Section 409A 

  
 34 

 
of the Code and Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued after
the Effective Date. Notwithstanding any provision of the Plan to the contrary, in the event that following the Effective Date the Administrator determines that any Award may be subject to Section 409A of the Code and related Department of
Treasury guidance (including such Department of Treasury guidance as may be issued after the Effective Date), the Administrator may adopt such amendments to the Plan and the applicable Program and Award Agreement or adopt other policies and
procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Administrator determines are necessary or appropriate to (a) exempt the Award from Section 409A of the Code and/or
preserve the intended tax treatment of the benefits provided with respect to the Award, or (b) comply with the requirements of Section 409A of the Code and related Department of Treasury guidance and thereby avoid the application of any
penalty taxes under such Section. 
 14.11 No Rights to Awards. No Eligible Individual or other person shall have any
claim to be granted any Award pursuant to the Plan, and neither the Company nor the Administrator is obligated to treat Eligible Individuals, Holders or any other persons uniformly. 

14.12 Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation.
With respect to any payments not yet made to a Holder pursuant to an Award, nothing contained in the Plan or any Program or Award Agreement shall give the Holder any rights that are greater than those of a general creditor of the Company or any
Affiliate. 
 14.13 Indemnification. To the extent allowable pursuant to Applicable Law, each member of the Committee
or of the Board and any officer or other employee to whom authority to administer any component of the Plan is delegated shall be indemnified and held harmless by the Company from any loss, cost, liability, or expense that may be imposed upon or
reasonably incurred by such member in connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action or failure to act pursuant to the Plan and
against and from any and all amounts paid by him or her in satisfaction of judgment in such action, suit, or proceeding against him or her; provided he or she gives the Company an opportunity, at its own expense, to handle and defend the same
before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled pursuant to the Company’s
Certificate of Incorporation or Bylaws, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 

14.14 Relationship to other Benefits. No payment pursuant to the Plan shall be taken into account in determining any
benefits under any pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of the Company or any Affiliate except to the extent otherwise expressly provided in writing in such other plan or an agreement
thereunder. 
 14.15 Expenses. The expenses of administering the Plan shall be borne by the Company and its
Affiliates. 

  
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 *
    *    *    *    * 
 I hereby certify that the foregoing Plan was duly
adopted by the Board of Directors of Virgin America Inc. on                  , 2014. 

*    *    *    *    * 

I hereby certify that the foregoing Plan was approved by the stockholders of Virgin America Inc. on
                 , 201    . 
 Executed on this
     day of             , 201    . 
  

	
	  

	John J. Varley, SVP & General Counsel

  
 36

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