Document:

EXHIBIT 10.25

  
 Exhibit 10.25

  
 QUADRAMED CORPORATION 
 STOCK ISSUANCE AGREEMENT 
  
 THIS AGREEMENT is made as of this 30th day of December 2003, by and between QuadraMed Corporation (“Corporation”), and Michael Wilstead (“Participant”) a Participant in the Corporation’s 1996 Stock Incentive Plan. 
  
 All capitalized terms in this Agreement shall have the meaning assigned to
them in this Agreement or in the attached Appendix. 
  
 A. AWARD
OF SHARES 
  
 1. AWARD. On the terms and subject
to the conditions set forth in this Agreement, the Corporation hereby awards to the Participant, and the Participant accepts from the Corporation, a total of Three Hundred Thirty Seven Thousand Five Hundred (337,500) shares of Common Stock (the
“Shares”). The transfer of the Shares shall be subject to the restrictions provided in this Agreement and the transfer shall occur at the offices of the Corporation on the date set forth above or such other place and time as the parties
may agree. 
  
 2. STOCKHOLDER RIGHTS. Unless and
until the Shares are forfeited as hereinafter provided, the Participant (or any successor in interest) shall have all the rights of a stockholder (including voting, dividend and liquidation rights) with respect to the Shares, subject, however, to
the restrictions provided in this Agreement. 
  
 3. COMPLIANCE WITH LAW. Under no circumstances shall shares of Common Stock or other assets be issued or delivered to Participant pursuant to the provisions of this Agreement unless, in the opinion of counsel for the Corporation or its
successors, there shall have been compliance with all applicable requirements of Federal and state securities laws, all applicable listing requirements of any stock exchange (or the Nasdaq National Market, if applicable) on which the Common Stock is
at the time listed for trading and all other requirements of law or of any regulatory bodies having jurisdiction over such issuance and delivery. 
  
 B. RESTRICTIONS 
  
 1. RESTRICTIONS. Participant hereby accepts the Shares when issued and agrees with respect thereto as follows: 
  
 (a) Forfeiture Restrictions. The Shares may not be
sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of, other than by a Permitted Transfer, to the extent then subject to the Restrictions. In the event of termination of Participant’s employment
with the Corporation, Participant shall, for no consideration, forfeit to the Corporation all Shares except to the extent vesting is accelerated in accordance with Paragraphs 5, 6 or 7. The prohibition against transfer and the obligation to forfeit
and surrender Shares to the Corporation upon termination of employment are herein 

  

 
referred to as “Restrictions.” The Restrictions shall be binding upon and enforceable against any transferee of the Shares. 
  
 (b) Lapse of Restrictions. 
  
 (i) The Restrictions shall lapse as to all the Shares on
April 15, 2007 provided that Participant has been continuously employed by the Corporation from the date of this Agreement through the lapse date. If the Participant’s employment is terminated for any reason prior to the lapse date, the
Participant shall forfeit all of the Shares, except to the extent vesting is accelerated in accordance with Paragraphs 5, 6 or 7. 
  
 (ii) Notwithstanding the foregoing, if the Participant terminates employment voluntarily or if the Participant’s employment is
involuntarily terminated due to Nonperformance or due to death or Permanent Disability, then upon the occurrence of such event, the Restrictions shall be deemed to have lapsed, and the Participant shall be deemed to have acquired a vested interest
in the Shares as follows: (i) twenty-five percent (25%) of the Shares shall be deemed to have vested on April 15, 2004; and (ii) the balance of the Shares shall thereafter be deemed to have vested in a series of thirty-six (36) equal monthly
installments upon the Participant’s completion of each month of Service after April 15, 2004. In addition, if the Participant terminates employment due to death or Permanent Disability, the Participant shall be credited with an additional
twelve (12) months of Service for purposes of the foregoing vesting schedule. Any shares for which the Restrictions are not deemed to have lapsed under the foregoing schedule shall be forfeited at the time of the Participant’s termination of
employment. 
  
 (c) Certificates. A
certificate evidencing the Shares shall be issued by the Corporation in Participant’s name, or at the option of the Corporation, in the name of a nominee of the Corporation, pursuant to which Participant shall have voting rights and shall be
entitled to receive all dividends unless and until the Shares are forfeited pursuant to the provisions of this Agreement. The certificate shall bear a legend evidencing the restricted nature of the Shares, as more particularly described at Paragraph
2(b), below, and the Corporation may cause the certificate to be delivered upon issuance to the Secretary of the Corporation or to such other depository as may be designated by the Corporation as a depository for safekeeping until the forfeiture
occurs or the Forfeiture Restrictions lapse pursuant to this Agreement. Upon request of the Corporation, Participant shall deliver to the Corporation a stock power, endorsed in blank, relating to the Shares then subject to the Forfeiture
Restrictions. The Corporation shall not be obligated to issue or deliver any shares of the Corporation’s stock if the issuance or delivery thereof shall constitute a violation of any provision of any law or of any regulation of any governmental
authority or any stock exchange (or Nasdaq National Market, if applicable). 
  
 (d) Adjustments. In the event of a stock dividend, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or similar transaction affecting the Corporation’s outstanding
securities, any new, substituted or additional securities or other property which by reason of such transaction are distributed with respect to any Shares or into which such Shares thereby became convertible shall immediately be subject to the
restrictions described in this Paragraph 2. Appropriate adjustments to reflect the distribution of such securities or property shall be made to the number and/or class of the Shares. 
  

 2 

 2. RESTRICTIVE LEGEND. The stock certificate for the Shares shall be endorsed with the
following restrictive legend: 
  
 “The
shares represented by this certificate are unvested and subject to certain restrictions and accordingly may not be sold, assigned, transferred, encumbered, or in any manner disposed of except in conformity with the terms of a written agreement dated
December 30, 2003 between the Corporation and the registered holder of the shares (or the predecessor in interest to the shares). A copy of such agreement is maintained at the Corporation’s principal corporate offices.” 
  
 3. TRANSFEREE OBLIGATIONS. Each person (other than the
Corporation) to whom the Shares are transferred by means of a Permitted Transfer must, as a condition precedent to the validity of such transfer, acknowledge in writing to the Corporation that such person is bound by the provisions of this Agreement
and that the transferred shares are subject to the Restrictions to the same extent such shares would be so subject if retained by Participant. 
  
 4. RECAPITALIZATION. Any new, substituted or additional securities or other property (including cash paid other than as a regular cash
dividend) which is by reason of any Recapitalization distributed with respect to the Shares shall be immediately subject to the Restrictions, but only to the extent the Shares are at the time covered by such Restrictions. Appropriate adjustments to
reflect such distribution shall be made to the number and/or class of securities subject to this Agreement in order to reflect the effect of any such Recapitalization upon the Corporation’s capital structure. 
  
 5. CESSATION OF SERVICE: 
  
 (a) Should the Participant’s employment be terminated
due to an Involuntary Termination, then, upon the occurrence of such event, the Restrictions shall automatically lapse in their entirety, and the Shares shall vest in full. 
  
 (b) Should the Participant’s employment terminate due to a “Termination for Cause” (as
defined in the Participant’s employment agreement), any unvested Shares shall be immediately forfeited. 
  
 6. CORPORATE TRANSACTION. 
  
 (a) Immediately prior to the consummation of any Corporate Transaction, the Restrictions shall automatically lapse in their entirety and
the Shares shall vest in full, except to the extent the Restrictions are to be assigned to the successor corporation (or parent thereof) in connection with the Corporate Transaction. 
  
 (b) To the extent the Restrictions are assigned to the successor corporation (or parent thereof) in
connection with a Corporate Transaction, no accelerated vesting of the Shares shall occur upon such Corporate Transaction, and the Restrictions shall 

  

 3 

 
continue to remain in full force and effect in accordance with the provisions of this Agreement. The Participant shall, over Participant’s period of
Service following the Corporate Transaction, continue to vest in the Shares in accordance with the provisions of this Agreement. However, immediately upon an Involuntary Termination of Participant’s Service within twenty-four (24) months
following the Corporate Transaction, the Restrictions shall terminate automatically and all the Shares shall vest in full. 
  
 (c) To the extent the Restrictions remain in effect following a Corporate Transaction, such right shall apply to the new capital stock or
other property (including any cash payments) received in exchange for the Shares in consummation of the Corporate Transaction, but only to the extent the Shares are at the time covered by such right. Appropriate adjustments shall be made to reflect
the effect of the Corporate Transaction upon the Corporation’s capital structure. Notwithstanding the foregoing, however, if the Participant terminates his employment for any reason within sixty (60) days following a Corporate Transaction, the
Restrictions shall terminate with respect to fifty percent (50%) of the Shares subject to this Agreement (as adjusted, if applicable) that are not yet vested. 
  

7. CHANGE IN CONTROL. If this Agreement is not assumed or otherwise continued in full force and effect after the Change in Control, the
Restrictions shall terminate automatically and all the Shares shall vest in full. No accelerated vesting of the Shares shall occur upon a Change in Control, and the Restrictions shall continue to remain in full force and effect in accordance with
the provisions of the this Agreement provided this Agreement is assumed or otherwise continued in effect after the Change in Control. In such case, the Participant shall, over Participant’s period of Service following the Change in Control,
continue to vest in the Shares in accordance with the provisions of the this Agreement. However, immediately upon an Involuntary Termination of Participant’s Service at any time following the Change in Control, the Restrictions shall terminate
automatically and all the Shares shall vest in full. Notwithstanding the foregoing, however, if the Participant terminates his employment for any reason within sixty (60) days following a Change in Control, the Restrictions shall terminate with
respect to fifty percent (50%) of the Shares subject to this Agreement (as adjusted, if applicable) that are not yet vested. 
  
 C. SPECIAL TAX ELECTION 
  
 1. SECTION 83(b) ELECTION. Under Code Section 83, the excess of the fair market value of the Shares on the date any Forfeiture
Restrictions applicable to such shares lapse over the purchase price (if any) paid for such shares will be reportable as ordinary income on the lapse date. The Participant may elect under Code Section 83(b) to be taxed at the time the Shares are
acquired, rather than when and as such Shares cease to be subject to such forfeiture restrictions. Such election must be filed with the Internal Revenue Service within thirty (30) days after the date of this Agreement. Even if no amount is paid for
the Shares awarded hereunder (and thus no tax is payable), the election must be made to avoid adverse tax consequences in the future. THE FORM FOR MAKING THIS ELECTION IS ATTACHED AS EXHIBIT I HERETO. PARTICIPANT UNDERSTANDS THAT FAILURE TO MAKE
THIS FILING WITHIN THE APPLICABLE THIRTY (30)-DAY PERIOD WILL RESULT IN THE RECOGNITION OF ORDINARY INCOME AS THE FORFEITURE RESTRICTIONS LAPSE. 
  

 4 

 2. FILING RESPONSIBILITY. PARTICIPANT ACKNOWLEDGES THAT IT IS PARTICIPANT’S SOLE
RESPONSIBILITY, AND NOT THE CORPORATION’S, TO FILE A TIMELY ELECTION UNDER CODE SECTION 83(b), EVEN IF PARTICIPANT REQUESTS THE CORPORATION OR ITS REPRESENTATIVES TO MAKE THIS FILING ON HIS BEHALF. 
  
 D. GENERAL PROVISIONS 
  
 1. NO RIGHT TO FUTURE AWARDS; EXTRAORDINARY ITEM OF
COMPENSATION. By entering into this Agreement, the Participant acknowledges: (i) that the award of the Shares is a one-time benefit which does not create any contractual or other right to receive future awards or benefits in lieu of such awards;
(ii) that all determinations with respect to any such future awards, including, but not limited to, the times when awards shall be granted, the number of shares subject to each award, and the terms of each award, will be at the sole discretion of
the Board; and (iii) that the award is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar
payments. 
  
 2. NO EMPLOYMENT OR SERVICE
CONTRACT. Nothing in this Agreement shall confer upon Participant any right to continue in Service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Corporation (or any Parent or Subsidiary
employing or retaining Participant) or of Participant, which rights are hereby expressly reserved by each, to terminate Participant’s Service at any time for any reason, with or without cause. 
  
 3. NOTICES. Any notice required to be given or delivered to
QuadraMed under the terms of this Agreement shall be in writing and addressed to QuadraMed at its principal corporate offices. Any notice required to be given or delivered to Optionee shall be in writing and addressed to Optionee at the most recent
address reflected in QuadraMed’s employment records. All notices shall be deemed effective upon personal delivery or upon deposit in the U.S. mail, postage prepaid and properly addressed to the party to be notified. 
  
 4. NO WAIVER. The Waiver by the Corporation of a breach of
any provision of this Agreement by Participant shall not operate or be construed as a waiver of any subsequent breach of Participant. 
  
 E. MISCELLANEOUS PROVISIONS 
  
 1. PARTICIPANT UNDERTAKING. Participant hereby agrees to take whatever additional action and execute whatever additional documents the
Corporation may deem necessary or advisable in order to carry out or effect one or more of the obligations or restrictions imposed on either Participant or the Shares pursuant to the provisions of this Agreement. 
  

 5 

 2. AGREEMENT IS ENTIRE CONTRACT. This Agreement constitutes the entire contract between
the parties hereto with regard to the subject matter hereof. It supersedes any other agreements, representations or understandings (whether oral or written and whether express or implied) relating to the subject matter hereof. 
  
 3. GOVERNING LAW. This Agreement shall be governed by, and
construed in accordance with, the laws of the Commonwealth of Virginia without resort to its conflict-of-laws rules. 
  
 4. COUNTERPARTS. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which
together shall constitute one and the same instrument. 
  
 5. SUCCESSORS AND ASSIGNS. The provisions of this Agreement shall inure to the benefit of, and be binding upon, the Corporation and its successors and assigns and upon Participant, Participant’s assigns and the legal representatives,
heirs and legatees of Participant’s estate, whether or not any such person shall have become a party to this Agreement and have agreed in writing to join herein and be bound by the terms hereof. 
  
 IN WITNESS WHEREOF, the parties have executed this Agreement on the day and
year first indicated above. 
  

			
	QUADRAMED CORPORATION
		
	By:	 	 
	 	 	

		
	Title:	 	 
	 	 	

			
		
	Address:	 	 
	 	 	

		
	 	 	 
	

		
	 	 	 
	

	Michael Wilstead

			
		
	Address:	 	 
	 	 	

		
	 	 	 
	

  

 6 

 EXHIBIT I 
  
 SECTION 83(b) TAX ELECTION 
  
 This statement is being made under Section 83(b) of the Internal Revenue Code, pursuant to Treas. Reg. Section 1.83-2. 
  
 (1) The taxpayer who performed the services is: 
  
 Name: 
 Address: 
 Taxpayer Ident. No.: 
  
 (2) The property with respect to which the election is being made is
                 shares of the common stock of QuadraMed Corporation 
  
 (3) The property was issued on                 , 200  .

  
 (4) The taxable year in which the election is being made is the calendar year
200  . 
  
 (5) The property is subject to a restriction pursuant
to which the taxpayer shall forfeit his interest with property if for any reason taxpayer’s employment with the issuer is terminated. The issuer’s repurchase right lapses at the expiration of a three (3) year period ending on
                , 200   . 
  
 (6) The fair market value at the time of transfer (determined without regard to any restriction other than a restriction which by its terms will never lapse) is
$                 per share. 
  
 (7) The amount paid for such property is $                 per share. 

 
 (8) A copy of this statement was furnished to QuadraMed Corporation for whom taxpayer
rendered the services underlying the transfer of property. 
  
 (9) This statement
is executed on                         , 200  . 
  

					
			
	  	 	 	 	  
	
	 	 	 	

	 Spouse (if any)
	 	 	 	 Taxpayer

  
 This election must be filed with the
Internal Revenue Service Center with which taxpayer files his or her Federal income tax returns and must be made within thirty (30) days after the execution date of the Stock Issuance Agreement. This filing should be made by registered or certified
mail, return receipt requested. Participant must retain two (2) copies of the completed form for filing with his or her Federal and state tax returns for the current tax year and an additional copy for his or her records. 
  

 7 

 APPENDIX 
  
 The following definitions shall be in effect under the Agreement: 
  
 A. AGREEMENT shall mean this Stock Issuance Agreement. 
  
 B. BOARD shall mean the Corporation’s Board of Directors. 
  
 C. CHANGE IN CONTROL shall be deemed to occur in the event of a change in
ownership or control of the Corporation effected through either of the following transactions: 
  
 (i) the direct or indirect acquisition by any person or related group of persons (other than the Corporation or a person that directly or
indirectly controls, is controlled by, or is under common control with, the Corporation) of beneficial ownership (within the meaning of Rule 13d-3 of the Securities Exchange Act of 1934, as amended) of securities possessing more than fifty percent
(50%) of the total combined voting power of the Corporation’s outstanding securities pursuant to a tender or exchange offer made directly to the Corporation’s stockholders which the Board does not recommend such stockholders to accept, or

  
 (ii) a change in the composition of the Board
over a period of thirty-six (36) months or less such that a majority of the Board members ceases by reason of one or more contested elections for Board membership, to be comprised of individuals who either (A) have been Board members continuously
since the beginning of such period or (B) have been elected or nominated for election as Board members during such period by at least a majority of the Board members described in clause (A) who were still in office at the time such election or
nomination was approved by the Board. 
  
 D. CODE shall mean the
Internal Revenue Code of 1986, as amended. 
  
 E. COMMON STOCK
shall mean the Corporation’s common stock. 
  
 F. CORPORATE
TRANSACTION shall mean either of the following stockholder-approved transactions: 
  
 (i) a merger or consolidation in which securities possessing more than fifty percent (50%) of the total combined voting power of the
Corporation’s outstanding securities are transferred to a person or persons different from the persons holding those securities immediately prior to such transaction, or 
  
 (ii) the sale, transfer or other disposition of all or substantially all of the Corporation’s assets in
complete liquidation or dissolution of the Corporation. 
  
 G.
CORPORATION shall mean QuadraMed Corporation, a Delaware corporation. 
  

 8 

 H. INVOLUNTARY TERMINATION shall mean the termination of Participant’s Service by reason of:

  
 (i) Participant’s involuntary dismissal
or discharge by the Corporation for reasons other than a Termination for Cause (as defined in the Participant’s employment agreement with the Corporation), or 
  
 (ii) Participant’s voluntary resignation following (A) a change in Participant’s position with the
Corporation (or Parent or Subsidiary employing Participant) which materially reduces Participant’s level of responsibility, (B) a reduction in Participant’s level of compensation (including base salary, fringe benefits and participation in
any corporate-performance based bonus or incentive programs) by more than fifteen percent (15%) or (C) a relocation of Participant’s place of employment by more than fifty (50) miles, provided and only if such change, reduction or relocation is
effected by the Corporation without Participant’s consent. 
  
 I. NONPERFORMANCE shall mean a determination by the Board, in its reasonable good faith judgment after notice to the Optionee and a hearing at which the Optionee shall be entitled to present evidence, that (i) the Corporation has failed in
a material respect to achieve the financial and other objectives established in the Corporation’s then-applicable operating budget and business plan, and (ii) such failure is demonstrably the result of the Optionee’s non-performance of his
duties and responsibilities. 
  
 J. OWNER shall mean Participant
and all subsequent holders of the Shares who derive their chain of ownership through a Permitted Transfer from Participant. 
  
 K. PARENT shall mean any corporation (other than the Corporation) in an unbroken chain of corporations ending with the Corporation, provided each
corporation in the unbroken chain (other than the Corporation) owns, at the time of the determination, stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such
chain. 
  
 L. PARTICIPANT shall mean the person to whom the Shares
are issued under the Stock Issuance Program. 
  
 M. PERMANENT
DISABILITY shall mean the inability of Optionee to perform his or her usual duties as an executive officer of the Corporation by reason of any medically determinable physical or mental impairment which is expected to result in death or has lasted or
can be expected to last for a continuous period of twelve (12) months or more. 
  
 N. PERMITTED TRANSFER shall mean (i) a gratuitous transfer of the Shares, provided and only if Participant obtains the Corporation’s prior written consent to such transfer, (ii) a transfer of title to the Shares
effected pursuant to Participant’s will or the laws of intestate succession following Participant’s death or (iii) a transfer to the Corporation in pledge as security for any purchase-money indebtedness incurred by Participant in
connection with the acquisition of the Purchased Shares. 
  

 9 

 O. PLAN shall mean the Corporation’s 1996 Stock Incentive Plan. 
  
 P. PLAN ADMINISTRATOR shall mean either the Board or a committee of the Board
acting in its administrative capacity under the Plan. 
  
 Q.
RECAPITALIZATION shall mean any stock split, stock dividend, recapitalization, combination of shares, exchange of shares or other change affecting the Corporation’s outstanding Common Stock as a class without the Corporation’s receipt of
consideration. 
  
 R. REORGANIZATION shall mean any of the
following transactions: 
  
 (i) a merger or
consolidation in which the Corporation is not the surviving entity, 
  
 (ii) a sale, transfer or other disposition of all or substantially all of the Corporation’s assets, 
  
 (iii) a reverse merger in which the Corporation is the surviving entity but in which the Corporation’s outstanding voting securities
are transferred in whole or in part to a person or persons different from the persons holding those securities immediately prior to the merger, or 
  
 (iv) any transaction effected primarily to change the state in which the Corporation is incorporated or to create a holding company
structure. 
  
 S. RESTRICTIONS shall mean the restrictions imposed
on the Shares as described in Paragraph B.1. 
  
 T. SHARES shall
have the meaning assigned to such term under Paragraph B.1 
  
 U.
SERVICE shall mean the Participant’s performance of services for the Corporation (or any Parent or Subsidiary) in the capacity of an employee, subject to the control and direction of the employer entity as to both the work to be performed and
the manner and method of performance, a non-employee member of the board of directors or a consultant. 
  
 V. STOCK ISSUANCE PROGRAM shall mean the Stock Issuance Program under the Plan. 
  
 W. SUBSIDIARY shall mean any corporation (other than the Corporation) in an unbroken chain of corporations beginning with
the Corporation, provided each corporation (other than the last corporation) in the unbroken chain owns, at the time of the determination, stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one
of the other corporations in such chain. 
  

 10 

 X. VESTING SCHEDULE shall mean the vesting schedule specified in Paragraph B.1, subject to the
acceleration provisions of Paragraphs B.5 and B.6. 
  
 Y. UNVESTED
SHARES shall have the meaning assigned to such term in Paragraph C.1. 
  

 11Third Amended and Restated Investors' Rights Agreement dated July 9, 2001

 Exhibit 4.2 
  

 
  
  
  
  
  
  
  
  
  
 SEVEN NETWORKS, INC. 
  
 THIRD AMENDED AND RESTATED 
  
 INVESTORS’ RIGHTS AGREEMENT 
  
 July 9, 2001 
  
  
  
  

 TABLE OF CONTENTS 
  

 

					
	 	  	 	  	Page
		
	 1.  Registration Rights
	  	2
	 1.1
	  	Definitions	  	2
	 1.2
	  	Request for Registration	  	3
	 1.3
	  	Company Registration	  	4
	 1.4
	  	Form S–3 Registration	  	5
	 1.5
	  	Obligations of the Company	  	6
	 1.6
	  	Information from Holder	  	8
	 1.7
	  	Expenses of Registration	  	8
	 1.8
	  	Delay of Registration	  	8
	 1.9
	  	Indemnification	  	8
	 1.10
	  	Reports Under Securities Exchange Act of 1934	  	10
	 1.11
	  	Assignment of Registration Rights	  	11
	 1.12
	  	Limitations on Subsequent Registration Rights	  	11
	 1.13
	  	“Market Stand–Off” Agreement	  	12
	 1.14
	  	Termination of Registration Rights	  	12
		
	 2.  Covenants of the Company
	  	12
	 2.1
	  	Delivery of Financial Statements	  	12
	 2.2
	  	Inspection	  	13
	 2.3
	  	Termination of Information and Inspection Covenants	  	13
	 2.4
	  	Right of First Offer	  	14
	 2.5
	  	Observer Rights	  	15
	 2.6
	  	Termination of Certain Covenants	  	16
		
	 3.  Miscellaneous
	  	16
	 3.1
	  	Successors and Assigns	  	16
	 3.2
	  	Governing Law	  	16
	 3.3
	  	Counterparts	  	16
	 3.4
	  	Titles and Subtitles	  	16
	 3.5
	  	Notices	  	16
	 3.6
	  	Expenses	  	17
	 3.7
	  	Entire Agreement; Amendments and Waivers	  	17
	 3.8
	  	Severability	  	17
	 3.9
	  	Aggregation of Stock	  	17

  
  

 i 

 THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 
  
 THIS THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT is made as
of the 9th day of July, 2001 by and among Seven Networks, Inc., a Delaware corporation (the “Company”), the investors listed on Schedule A hereto, each of which is herein referred to as an “Investor” and the holders of Common
Stock of the Company (the “Common Stock”) listed on Schedule B hereto, each of which is herein referred to as a “Common Holder.” 
  
  
 RECITALS 
  
 WHEREAS, certain of the Investors (the “Existing Investors”) hold shares of the Company’s Series 1 Preferred
Stock (the “Series 1 Preferred Stock”) and/or shares of Common Stock issuable or issued upon conversion thereof, shares of the Company’s Series A Preferred Stock (the “Series A Preferred Stock”) and/or shares of Common Stock
issuable or issued upon conversion thereof, shares of the Company’s Series A1 Preferred Stock (the “Series A1 Preferred Stock”) and/or shares of Common Stock issuable or issued upon conversion thereof and possess registration rights,
information rights, rights of first offer and other rights pursuant to a Second Amended and Restated Investors’ Rights Agreement, dated November 6, 2000, by and among the Company, the Common Holders and the Existing Investors (the “Prior
Agreement”); 
  
 WHEREAS, the Company, Existing Investors
holding at least a majority of the Series 1 Preferred Stock and/or shares of Common Stock issuable or issued upon conversion thereof, Existing Investors holding at least a majority of Series A Preferred Stock and Series A1 Preferred Stock and/or
shares of Common Stock issuable or issued upon conversion thereof, taken together as a single class, and the Common Holders desire to terminate the Prior Agreement and to accept the rights created pursuant hereto in lieu of the rights granted to
them under the Prior Agreement; and 
  
 WHEREAS, certain Investors
are parties to the Series B Preferred Stock Purchase Agreement of even date herewith by and among the Company and certain of the Investors (the “Series B Agreement”), which provides that as a condition to the closing of the sale of the
Company’s Series B Preferred Stock (the “Series B Preferred Stock,” and together with the Series 1 Preferred Stock, the Series A Preferred Stock, and the Series A1 Preferred Stock, the “Preferred Stock”) thereunder, this
Agreement must be executed and delivered by the Company and such Investors; 
  
 NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, the Company, the Existing Investors and the Common Holders hereby agree that the Prior Agreement shall be of no further force or
effect and shall be superseded and replaced in its entirety by this Agreement, and the parties hereto further agree as follows: 

	 	1.	Registration Rights. The Company covenants and agrees as follows: 

  

	 	1.1	Definitions. For purposes of this Section 1: 

  
 (a) The term “Act” means the Securities Act of 1933, as amended. 
  
 (b) The term “Form S-3” means such form under the Act as in effect on the date hereof or any registration form
under the Act subsequently adopted by the SEC that permits inclusion or incorporation of substantial information by reference to other documents filed by the Company with the SEC. 
  
 (c) The term “Holder” means any person owning or having the right to acquire Registrable Securities or any
assignee thereof in accordance with Section 1.11 hereof; provided, however, that the Common Holders shall not be deemed to be Holders for purposes of Section 1.2, 1.4, 1.12 and 3.7. 
  
 (d) The term “Initial Offering” means the Company’s first firm commitment underwritten public offering of
its Common Stock under the Act. 
  
 (e) The term “1934
Act” means the Securities Exchange Act of 1934, as amended. 
  
 (f) The term “Qualifying IPO” means a firm commitment underwritten public offering of the Company’s Common Stock pursuant to a registration statement on Form S-1 or SB-2 under the Act, the public offering price of which is
not less than $50,000,000 in the aggregate. 
  
 (g) The term
“register,” “registered,” and “registration” refer to a registration effected by preparing and filing a registration statement or similar document in compliance with the Act, and the declaration or ordering of
effectiveness of such registration statement or document. 
  
 (h)
The term “Registrable Securities” means (i) the Common Stock issuable or issued upon conversion of the Series 1 Preferred Stock, Series A Preferred Stock, Series A1 Preferred Stock or Series B Preferred Stock, (ii) the 5,535,000
shares of Common Stock issued to the Common Holders (as adjusted for any stock splits, stock dividends, recapitalizations or the like); provided, however, that such shares of Common Stock shall not be deemed Registrable Securities for the purposes
of Section 1.2, 1.4, 1.12 and 3.7 and (iii) any Common Stock of the Company issued as (or issuable upon the conversion or exercise of any warrant, right or other security that is issued as) a dividend or other distribution with respect to, or in
exchange for, or in replacement of, the shares referenced in (i) and (ii) above, excluding in all cases, however, any Registrable Securities sold by a person in a transaction in which his rights under this Section 1 are not assigned. 
  
 (i) The number of shares of “Registrable Securities” outstanding
shall be determined by the number of shares of Common Stock outstanding that are, 
  
  

 2 

 and the number of shares of Common Stock issuable pursuant to then exercisable or convertible securities that are,
Registrable Securities. 
  
 (j) The term “SEC” shall
mean the Securities and Exchange Commission. 
  

	 	1.2	Request for Registration. 

  
 (a) Subject to the conditions of this Section 1.2, if the Company shall receive at any time after the earlier of (i) August 18, 2004 or (ii)
six (6) months after the effective date of the Initial Offering, a written request from the Holders of at least 2,500,000 shares (as adjusted for any stock splits, stock dividends, recapitalizations or the like) of the Registrable Securities then
outstanding (the “Initiating Holders”) that the Company file a registration statement under the Act covering the registration of Registrable Securities with an anticipated aggregate offering price of at least $5,000,000, then the Company
shall, within twenty (20) days of the receipt thereof, give written notice of such request to all Holders, and subject to the limitations of this Section 1.2, use all reasonable efforts to effect, as soon as practicable, the registration under the
Act of all Registrable Securities that the Holders request to be registered in a written request received by the Company within twenty (20) days of the mailing of the Company’s notice pursuant to this Section 1.2(a). 
  
 (b) If the Initiating Holders intend to distribute the Registrable
Securities covered by their request by means of an underwriting, they shall so advise the Company as a part of their request made pursuant to this Section 1.2 and the Company shall include such information in the written notice referred to in
Section 1.2(a). In such event the right of any Holder to include its Registrable Securities in such registration shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable
Securities in the underwriting (unless otherwise mutually agreed by a majority in interest of the Initiating Holders and such Holder) to the extent provided herein. All Holders proposing to distribute their securities through such underwriting shall
enter into an underwriting agreement in customary form with the underwriter or underwriters selected for such underwriting by the Company (which underwriter or underwriters shall be reasonably acceptable to a majority in interest of the Initiating
Holders). Notwithstanding any other provision of this Section 1.2, if the underwriter advises the Company that marketing factors require a limitation of the number of securities underwritten (including Registrable Securities), then the Company shall
so advise all Holders of Registrable Securities that would otherwise be underwritten pursuant hereto, and the number of shares that may be included in the underwriting shall be allocated to the Holders of such Registrable Securities on a pro rata
basis based on the number of Registrable Securities held by all such Holders (including the Initiating Holders), provided, however, that the number of shares of Registrable Securities to be included in such underwriting shall not be reduced unless
all other securities are first entirely excluded from the underwriting. Any Registrable Securities excluded or withdrawn from such underwriting shall be withdrawn from the registration. 
  
 (c) The Company shall not be required to effect a registration pursuant to this Section 1.2: 
  
  

 3 

 (i) in any particular jurisdiction in which the Company would be required to execute a general consent
to service of process in effecting such registration, unless the Company is already subject to service in such jurisdiction and except as may be required under the Act; or 
  
 (ii) after the Company has effected three (3) registrations pursuant to this Section 1.2, and such registrations have been
declared or ordered effective; or 
  
 (iii) during the period
starting with the date sixty (60) days prior to the Company’s good faith estimate of the date of the filing of, and ending on a date one hundred eighty (180) days following the effective date of, a Company-initiated registration subject to
Section 1.3 below, provided that the Company is actively employing in good faith all reasonable efforts to cause such registration statement to become effective; or 
  
 (iv) if the Initiating Holders propose to dispose of Registrable Securities that may be registered on Form S-3 pursuant to
Section 1.4 hereof; or 
  
 (v) if the Company shall furnish to
Holders requesting a registration statement pursuant to this Section 1.2, a certificate signed by the Company’s Chief Executive Officer or Chairman of the Board stating that in the good faith judgment of the Board of Directors of the Company,
it would be seriously detrimental to the Company and its stockholders for such registration statement to be effected at such time, in which event the Company shall have the right to defer such filing for a period of not more than one hundred twenty
(120) days after receipt of the request of the Initiating Holders, provided that such right to delay a request shall be exercised by the Company not more than once in any twelve (12)-month period. 
  

	 	1.3	Company Registration. 

  
 (a) If (but without any obligation to do so) the Company proposes to register (including for this purpose a registration effected by the Company for
stockholders other than the Holders) any of its stock or other securities under the Act in connection with the public offering of such securities (other than a registration relating solely to the sale of securities to participants in a Company stock
plan, a registration relating to a corporate reorganization or other transaction under Rule 145 of the Act, a registration on any form that does not include substantially the same information as would be required to be included in a registration
statement covering the sale of the Registrable Securities, or a registration in which the only Common Stock being registered is Common Stock issuable upon conversion of debt securities that are also being registered), the Company shall, at such
time, promptly give each Holder written notice of such registration. Upon the written request of each Holder given within twenty (20) days after mailing of such notice by the Company in accordance with Section 3.5, the Company shall, subject to the
provisions of Section 1.3(c), use all reasonable efforts to cause to be registered under the Act all of the Registrable Securities that each such Holder has requested to be registered. 
  
  

 4 

 (b) Right to Terminate Registration. The Company shall have the right to terminate or withdraw
any registration initiated by it under this Section 1.3 prior to the effectiveness of such registration whether or not any Holder has elected to include securities in such registration. The expenses of such withdrawn registration shall be borne by
the Company in accordance with Section 1.7 hereof. 
  
 (c)
Underwriting Requirements. In connection with any offering involving an underwriting of shares of the Company’s capital stock, the Company shall not be required under this Section 1.3 to include any of the Holders’ securities in
such underwriting unless they accept the terms of the underwriting as agreed upon between the Company and the underwriters selected by it (or by other persons entitled to select the underwriters) and enter into an underwriting agreement in customary
form with an underwriter or underwriters selected by the Company, and then only in such quantity as the underwriters determine in their sole discretion will not jeopardize the success of the offering by the Company. If the total amount of
securities, including Registrable Securities, requested by stockholders to be included in such offering exceeds the amount of securities sold other than by the Company that the underwriters determine in their sole discretion is compatible with the
success of the offering, then the Company shall be required to include in the offering only that number of such securities, including Registrable Securities, that the underwriters determine in their sole discretion will not jeopardize the success of
the offering (the securities to be included to be apportioned: (i) first, to (A) holders of Preferred Stock (and/or Common Stock issued upon conversion thereof), and (B) Common Holders who, at such time, are neither employees of the Company nor
members of the Company’s Board of Directors, all on a pro rata basis based on the total number of Registrable Securities then held by such participating holders of Preferred Stock and such participating Common Holders; and (ii) second, to
Common Holders who, at such time, are either employees of the Company or members of the Company’s Board of Directors on a pro rata basis based on the total number of Registrable Securities then held by such participating Common Holders), but in
no event shall (i) the amount of securities of the selling Holders included in the offering be reduced below twenty five percent (25%) of the total amount of securities included in such offering, unless such offering is the initial public offering
of the Company’s securities, in which case the selling Holders may be excluded if the underwriters make the determination described above and no other stockholder’s securities are included, or (ii) notwithstanding (i) above, any shares
being sold by a stockholder exercising a demand registration right similar to that granted in Section 1.2 be excluded from such offering. For purposes of the preceding parenthetical concerning apportionment, for any selling stockholder that is a
Holder of Registrable Securities and that is a partnership or corporation, the partners, retired partners and stockholders of such Holder, or the estates and family members of any such partners and retired partners and any trusts for the benefit of
any of the foregoing persons shall be deemed to be a single “selling Holder,” and any pro rata reduction with respect to such “selling Holder” shall be based upon the aggregate amount of Registrable Securities owned by all such
related entities and individuals. 
  
 1.4    Form S-3 Registration. In case the Company shall receive from the Holders of Registrable Securities a written request or requests that the Company effect a registration on Form S-3 and any related
qualification or compliance with respect to all or a part of the Registrable Securities owned by such Holder or Holders, the Company shall: 
  
  

 5 

 (a) promptly give written notice of the proposed registration, and any related qualification or
compliance, to all other Holders; and 
  
 (b) use all reasonable
efforts to effect, as soon as practicable, such registration and all such qualifications and compliances as may be so requested and as would permit or facilitate the sale and distribution of all or such portion of such Holders’ Registrable
Securities as are specified in such request, together with all or such portion of the Registrable Securities of any other Holders joining in such request as are specified in a written request given within fifteen (15) days after receipt of such
written notice from the Company, provided, however, that the Company shall not be obligated to effect any such registration, qualification or compliance, pursuant to this Section 1.4: 
  
 (i) if Form S-3 is not available for such offering by the Holders; 
  
 (ii) if the Holders, together with the holders of any other securities of
the Company entitled to inclusion in such registration, propose to sell Registrable Securities and such other securities (if any) at an aggregate price to the public (net of any underwriters’ discounts or commissions) of less than $1,000,000;

  
 (iii) if the Company shall furnish to the Holders a
certificate signed by the Chief Executive Officer or Chairman of the Board of the Company stating that in the good faith judgment of the Board of Directors of the Company, it would be seriously detrimental to the Company and its stockholders for
such Form S-3 Registration to be effected at such time, in which event the Company shall have the right to defer the filing of the Form S-3 registration statement for a period of not more than one hundred twenty (120) days after receipt of the
request of the Holder or Holders under this Section 1.4; provided, however, that the Company shall not utilize this right more than once in any twelve month period; or 
  
 (iv) in any particular jurisdiction in which the Company would be required to qualify to do business or to execute a
general consent to service of process in effecting such registration, qualification or compliance. 
  
 (c) Subject to the foregoing, the Company shall file a registration statement covering the Registrable Securities and other securities so requested to be
registered as soon as practicable after receipt of the request or requests of the Holders. Registrations effected pursuant to this Section 1.4 shall not be counted as requests for registration effected pursuant to Sections 1.2. 
  
 1.5    Obligations of the Company. Whenever
required under this Section 1 to effect the registration of any Registrable Securities, the Company shall, as expeditiously as reasonably possible: 
  
 (a) prepare and file with the SEC a registration statement with respect to such Registrable Securities and use all reasonable efforts to cause such
registration statement to become effective, and, upon the request of the Holders of a majority of the Registrable Securities registered thereunder, keep such registration statement effective for a 
  
  

 6 

 period of up to one hundred twenty (120) days or, if earlier, until the distribution contemplated in the Registration
Statement has been completed; 
  
 (b) prepare and file with the
SEC such amendments and supplements to such registration statement and the prospectus used in connection with such registration statement as may be necessary to comply with the provisions of the Act with respect to the disposition of all securities
covered by such registration statement; 
  
 (c) furnish to the
Holders such numbers of copies of a prospectus, including a preliminary prospectus, in conformity with the requirements of the Act, and such other documents as they may reasonably request in order to facilitate the disposition of Registrable
Securities owned by them; 
  
 (d) use all reasonable efforts to
register and qualify the securities covered by such registration statement under such other securities or Blue Sky laws of such jurisdictions as shall be reasonably requested by the Holders, provided that the Company shall not be required in
connection therewith or as a condition thereto to qualify to do business or to file a general consent to service of process in any such states or jurisdictions; 
  

(e) in the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and customary
form, with the managing underwriter of such offering; 
  
 (f)
notify each Holder of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Act or the happening of any event as a result of which the prospectus included
in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the
circumstances then existing. The Company will use all reasonable efforts to amend or supplement such prospectus in order to cause such prospectus not to include any untrue statement of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing. 
  
 (g) cause all such Registrable Securities registered pursuant hereunder to be listed on each securities exchange on which similar securities issued by
the Company are then listed; 
  
 (h) provide a transfer agent and
registrar for all Registrable Securities registered pursuant hereunder and a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration; and 
  
 (i) use its best efforts to furnish, at the request of any Holder requesting
registration of Registrable Securities pursuant to this Section 1, on the date that such Registrable Securities are delivered to the underwriters for sale in connection with a registration pursuant to this Section 1, if such securities are being
sold through underwriters, (i) an opinion, dated such date, of the counsel representing the Company for the purposes of such registration, in form and substance as is customarily given to underwriters in an underwritten public offering, 

 
  

 7 

 addressed to the underwriters and to the Holders requesting registration of Registrable Securities and (ii) a letter
dated such date, 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, addressed to the
underwriters, if any, and to the Holders requesting registration of Registrable Securities. 
  
 1.6     Information from Holder. It shall be a condition precedent to the obligations of the Company to take any action pursuant to this Section 1 with respect to the Registrable Securities
of any selling Holder that such Holder shall furnish to the Company such information regarding itself, the Registrable Securities held by it, and the intended method of disposition of such securities as shall be required to effect the registration
of such Holder’s Registrable Securities. 
  
 1.7     Expenses of Registration. All expenses other than underwriting discounts and commissions incurred in connection with registrations, filings or qualifications pursuant to Sections 1.2, 1.3 and 1.4,
including (without limitation) all registration, filing and qualification fees, printers’ and accounting fees, fees and disbursements of counsel for the Company and the reasonable fees and disbursements of one counsel for the selling Holders
shall be borne by the Company. Notwithstanding the foregoing, the Company shall not be required to pay for any expenses of any registration proceeding begun pursuant to Section 1.2 or Section 1.4 if the registration request is subsequently withdrawn
at the request of the Holders of a majority of the Registrable Securities to be registered (in which case all participating Holders shall bear such expenses pro rata based upon the number of Registrable Securities that were to be requested in the
withdrawn registration), unless, in the case of a registration requested under Section 1.2, the Holders of a majority of the Registrable Securities agree to forfeit their right to one demand registration pursuant to Section 1.2, provided, however,
that if at the time of such withdrawal, the Holders have learned of a material adverse change in the condition, business, or prospects of the Company from that known to the Holders at the time of their request and have withdrawn the request with
reasonable promptness following disclosure by the Company of such material adverse change, then the Holders shall not be required to pay any of such expenses and shall retain their rights pursuant to Section 1.2 or 1.4. 
  
 1.8     Delay of Registration. No Holder shall
have any right to obtain or seek an injunction restraining or otherwise delaying any such registration as the result of any controversy that might arise with respect to the interpretation or implementation of this Section 1. 
  
 1.9     Indemnification. In the event any
Registrable Securities are included in a registration statement under this Section 1: 
  
 (a) To the extent permitted by law, the Company will indemnify and hold harmless each Holder, the partners or officers, directors and stockholders of each Holder, legal counsel and accountants for each Holder, any
underwriter (as defined in the Act) for such Holder and each person, if any, who controls such Holder or underwriter within the 
  
  

 8 

 meaning of the Act or the 1934 Act, against any losses, claims, damages or liabilities (joint or several) to which they
may become subject under the Act, the 1934 Act or any state securities laws, insofar as such losses, claims, damages, or liabilities (or actions in respect thereof) arise out of or are based upon any of the following statements, omissions or
violations (collectively a “Violation”): (i) any untrue statement or alleged untrue statement of a material fact contained in such registration statement, including any preliminary prospectus or final prospectus contained therein or
any amendments or supplements thereto, (ii) the omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading, or (iii) any violation or alleged violation by
the Company of the Act, the 1934 Act, any state securities laws or any rule or regulation promulgated under the Act, the 1934 Act or any state securities laws; and the Company will reimburse each such Holder, underwriter or controlling person for
any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, liability or action; provided, however, that the indemnity agreement contained in this subsection l.9(a) shall not
apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Company (which consent shall not be unreasonably withheld), nor shall the Company be liable in any
such case for any such loss, claim, damage, liability or action to the extent (and only to the extent) that it arises out of or is based upon a Violation that occurs in reliance upon and in conformity with written information furnished expressly for
use in connection with such registration by any such Holder, underwriter or controlling person; provided further, however, that the foregoing indemnity agreement with respect to any preliminary prospectus shall not inure to the benefit of any Holder
or underwriter, or any person controlling such Holder or underwriter, from whom the person asserting any such losses, claims, damages or liabilities purchased shares in the offering, if a copy of the prospectus (as then amended or supplemented if
the Company shall have furnished any amendments or supplements thereto) was not sent or given by or on behalf of such Holder or underwriter to such person, if required by law so to have been delivered, at or prior to the written confirmation of the
sale of the shares to such person, and if the prospectus (as so amended or supplemented) would have cured the defect giving rise to such loss, claim, damage or liability. 
  
 (b) To the extent permitted by law, each selling Holder will indemnify and hold harmless the Company, each of its
directors, each of its officers who has signed the registration statement, each person, if any, who controls the Company within the meaning of the Act, legal counsel and accountants for the Company, any underwriter, any other Holder selling
securities in such registration statement and any controlling person of any such underwriter or other Holder, against any losses, claims, damages or liabilities (joint or several) to which any of the foregoing persons may become subject, under the
Act, the 1934 Act or any state securities laws, insofar as such losses, claims, damages or liabilities (or actions in respect thereto) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) that such
Violation occurs in reliance upon and in conformity with written information furnished by such Holder expressly for use in connection with such registration; and each such Holder will reimburse any person intended to be indemnified pursuant to this
subsection l.9(b), for any legal or other expenses reasonably incurred by such person in connection with investigating or defending any such loss, claim, damage, liability or action; provided, however, that the indemnity agreement contained in this
subsection l.9(b) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Holder (which consent shall not be unreasonably withheld), provided that
in no event shall any indemnity under this subsection l.9(b) exceed the net proceeds from the offering received by such Holder. 
  
  

 9 

 (c) Promptly after receipt by an indemnified party under this Section 1.9 of notice of the commencement
of any action (including any governmental action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 1.9, deliver to the indemnifying party a written notice of the commencement
thereof and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense thereof with counsel mutually
satisfactory to the parties; provided, however, that an indemnified party (together with all other indemnified parties that may be represented without conflict by one counsel) shall have the right to retain one separate counsel, with the fees and
expenses to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or potential differing interests between such indemnified party and any
other party represented by such counsel in such proceeding. The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action, if prejudicial to its ability to defend such action, shall
relieve such indemnifying party of any liability to the indemnified party under this Section 1.9, but the omission so to deliver written notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party
otherwise than under this Section 1.9. 
  
 (d) If the
indemnification provided for in this Section 1.9 is held by a court of competent jurisdiction to be unavailable to an indemnified party with respect to any loss, liability, claim, damage or expense referred to herein, then the indemnifying party, in
lieu of indemnifying such indemnified party hereunder, shall contribute to the amount paid or payable by such indemnified party as a result of such loss, liability, claim, damage or expense in such proportion as is appropriate to reflect the
relative fault of the indemnifying party on the one hand and of the indemnified party on the other in connection with the statements or omissions that resulted in such loss, liability, claim, damage or expense, as well as any other relevant
equitable considerations, provided that in no event shall any contribution by a Holder under this Subsection 1.9(d) exceed the net proceeds from the offering received by such Holder, except in the case of willful fraud by such Holder. The relative
fault of the indemnifying party and of the indemnified party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information
supplied by the indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission. 
  
 (e) Notwithstanding the foregoing, to the extent that the provisions on
indemnification and contribution contained in the underwriting agreement entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall control.

  
 (f) The obligations of the Company and Holders under this
Section 1.9 shall survive the completion of any offering of Registrable Securities in a registration statement under this Section 1, and otherwise. 
  
 1.10     Reports Under Securities Exchange Act of 1934. With a view to making available to the Holders the benefits of Rule 144
promulgated under the Act and any 
  
  

 10 

 other rule or regulation of the SEC that may at any time permit a Holder to sell securities of the Company to the public
without registration or pursuant to a registration on Form S-3, the Company agrees to: 
  
 (a) make and keep public information available, as those terms are understood and defined in SEC Rule 144, at all times after ninety (90) days after the effective date of the Initial Offering; 
  
 (b) file with the SEC in a timely manner all reports and other documents
required of the Company under the Act and the 1934 Act; 
  
 (c)
take such action, including the voluntary registration of its Common Stock under Section 12 of the Exchange Act, as is necessary to enable the Holders to utilize Form S-3 for the sale of their Registrable Securities, such action to be taken as soon
as practicable after the end of the fiscal year in which the first registration statement filed by the Company for the offering of its securities to the general public is declared effective; and 
  
 (d) furnish to any Holder, so long as the Holder owns any Registrable
Securities, forthwith upon request (i) a written statement by the Company that it has complied with the reporting requirements of SEC Rule 144 (at any time after ninety (90) days after the effective date of the first registration statement filed by
the Company), the Act and the 1934 Act (at any time after it has become subject to such reporting requirements), or that it qualifies as a registrant whose securities may be resold pursuant to Form S-3 (at any time after it so qualifies),
(ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company, and (iii) such other information as may be reasonably requested in availing any Holder of any rule or regulation
of the SEC that permits the selling of any such securities without registration or pursuant to such form. 
  
 1.11     Assignment of Registration Rights. The rights to cause the Company to register Registrable Securities pursuant to this
Section 1 may be assigned (but only with all related obligations) by a Holder to a transferee or assignee of such securities that (i) is a subsidiary, parent, partner, limited partner, retired partner, member, retired member or stockholder of a
Holder or (ii) is a Holder’s family member or trust for the benefit of an individual Holder, or (iii) after such assignment or transfer, holds at least ten percent (10%) of the Registrable Securities or, if less, all of the shares of
Registrable Securities originally held by such Holder, provided: (a) the Company is, within a reasonable time after such transfer, furnished with written notice of the name and address of such transferee or assignee and the securities with respect
to which such registration rights are being assigned; (b) such transferee or assignee agrees in writing to be bound by and subject to the terms and conditions of this Agreement, including without limitation the provisions of Section 1.13 below; and
(c) such assignment shall be effective only if immediately following such transfer the further disposition of such securities by the transferee or assignee is restricted under the Act. 
  
 1.12     Limitations on Subsequent Registration Rights. From and after the date of this
Agreement, the Company shall not, without the unanimous approval of the Company’s Board of Directors, enter into any agreement with any holder or prospective holder of any securities of the Company that would allow such holder or prospective
holder (a) to 
  
  

 11 

 include such securities in any registration filed under Section 1.3 hereof, unless under the terms of such agreement,
such holder or prospective holder may include such securities in any such registration only to the extent that the inclusion of such securities will not reduce the amount of the Registrable Securities of the Holders that are included or (b) to
demand registration of their securities. 
  
 1.13    “Market Stand-Off” Agreement. If so requested by the managing underwriter by notice given in accordance with Section 3.5 hereof, each Holder hereby agrees that it will not, during the period
commencing on the date of the final prospectus relating to a Qualifying IPO and ending on the date specified by the Company and the managing underwriter (such period not to exceed one hundred eighty (l80) days) (i) lend, offer, pledge, sell,
contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any
securities convertible into or exercisable or exchangeable for Common Stock (whether such shares or any such securities are then owned by the Holder or are thereafter acquired), or (ii) enter into any swap or other arrangement that transfers to
another, in whole or in part, any of the economic consequences of ownership of the Common Stock, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Common Stock or such other securities, in cash or
otherwise; provided, however, that the restrictions set forth in this Section 1.13 shall not apply to the purchase of shares of the Company’s securities by a Holder directly from the Company through an Initial Offering nor to the purchase of
shares of the Company’s securities by a Holder through a public securities exchange such as the New York Stock Exchange, the Nasdaq National Market or the like. This Section 1.13 shall be applicable to the Holders only if all officers,
directors and greater than five percent (5%) stockholders of the Company enter into substantially similar agreements. The underwriters in connection with the Company’s initial public offering are intended third party beneficiaries of this
Section 1.13 and shall have the right, power and authority to enforce the provisions hereof as though they were a party hereto. 
  
 In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with respect to the Registrable Securities of each Holder
(and the shares or securities of every other person subject to the foregoing restriction) until the end of such period. 
  
 1.14    Termination of Registration Rights. No Holder shall be entitled to exercise any right provided for in this Section 1
after three (3) years following the consummation of the Initial Offering or, as to any Holder, such earlier time at which all Registrable Securities held by such Holder (and any affiliate of the Holder with whom such Holder must aggregate its sales
under Rule 144) can be sold each day of any three (3)-month period without registration in compliance with Rule 144 of the Act. 
  
 2.    Covenants of the Company. 
  
 2.1     Delivery of Financial Statements. The Company shall deliver to each Investor: 
  
  

 12 

 (a) as soon as practicable, but in any event within ninety (90) days after the end of each fiscal year
of the Company, an income statement for such fiscal year, a balance sheet of the Company and statement of stockholder’s equity as of the end of such year, and a statement of cash flows for such year, such year-end financial reports to be in
reasonable detail, prepared in accordance United States with generally accepted accounting principles (“GAAP”), and audited and certified by independent public accountants of nationally recognized standing selected by the Company;

  
 (b) as soon as practicable, but in any event within
forty-five (45) days after the end of each of the first three (3) quarters of each fiscal year of the Company, an unaudited income statement, statement of cash flows for such fiscal quarter and an unaudited balance sheet as of the end of such fiscal
quarter. 
  
 (c) as soon as practicable, but in any event at
least thirty (30) days prior to the end of each fiscal year, a budget and business plan for the next fiscal year, prepared on a monthly basis, including balance sheets, income statements and statements of cash flows for such months and, as soon as
prepared, any other budgets or revised budgets prepared by the Company; 
  
 (d) with respect to the financial statements called for in subsection (b) of this Section 2.1, an instrument executed by the Chief Financial Officer or President of the Company certifying that such financials were
prepared in accordance with GAAP consistently applied with prior practice for earlier periods (with the exception of footnotes that may be required by GAAP) and fairly present the financial condition of the Company and its results of operation for
the period specified, subject to year-end audit adjustment; and 
  
 (e) such other information relating to the financial condition, business, prospects or corporate affairs of the Company as the Investor or any assignee of the Investor may from time to time request, provided, however, that the Company shall
not be obligated under this subsection (e) or any other subsection of Section 2.1 to provide information that it deems in good faith to be a trade secret or similar confidential information. 
  
 2.2    Inspection. The Company shall permit each
Investor, at such Investor’s expense, to visit and inspect the Company’s properties, to examine its books of account and records and to discuss the Company’s affairs, finances and accounts with its officers, all at such reasonable
times as may be requested by the Investor; provided, however, that the Company shall not be obligated pursuant to this Section 2.2 to provide access to any information that it reasonably considers to be a trade secret or similar confidential
information. 
  
 2.3    Termination of
Information Covenants. The covenants set forth in Sections 2.1 and 2.2 shall terminate as to Investors and be of no further force or effect upon the consummation of a Qualifying IPO or when the Company first becomes subject to the periodic
reporting requirements of Sections 12(g) or 15(d) of the 1934 Act, whichever event shall first occur. 
  
  

 13 

 2.4     Right of First Offer. Subject to the terms and conditions specified in
this paragraph 2.4, the Company hereby grants to each Holder of shares of Common Stock issuable or issued upon the conversion of Series A Preferred Stock, Series A1 Preferred Stock and Series B Preferred Stock (each a “Major Investor” and
collectively, the “Major Investors”) a right of first offer with respect to future sales by the Company of its Shares (as hereinafter defined). For purposes of this Section 2.4, Major Investor includes any general partners and affiliates
of a Major Investor. Each Major Investor shall be entitled to apportion the right of first offer hereby granted it among itself and its partners and affiliates in such proportions as it deems appropriate. 
  
 Each time the Company proposes to offer any shares of, or securities
convertible into or exchangeable or exercisable for any shares of, any class of its capital stock (“Shares”), the Company shall first make an offering of such Shares to each Major Investor in accordance with the following provisions.

  
 (a) The Company shall deliver a notice in accordance with
Section 3.5 (“Notice”) to the Major Investors stating (i) its bona fide intention to offer such Shares, (ii) the number of such Shares to be offered, and (iii) the price and terms upon which it proposes to offer such Shares. 
  
 (b) By written notification received by the Company, within fifteen (15)
calendar days after receipt of the Notice, Major Investor may elect to purchase or obtain, at the price and on the terms specified in the Notice, up to that portion of such Shares that equals the proportion that the number of shares of Common Stock
issued and held (assuming full conversion and exercise of all convertible and exercisable securities then held), by such Major Investor bears to the total number of shares of Common Stock of the Company then outstanding (assuming full conversion and
exercise of all convertible and exercisable securities). 
  
 (c)
If all Shares that Major Investors are entitled to obtain pursuant to subsection 2.4(b) are not elected to be obtained as provided in subsection 2.4(b) hereof, the Company may, during the seventy five (75) day period following the expiration of the
period provided in subsection 2.4(b) hereof, offer the remaining unsubscribed portion of such Shares to any person or persons at a price not less than, and upon terms no more favorable to the offeree than those specified in the Notice. If the
Company does not enter into an agreement for the sale of the Shares within such period, or if such agreement is not consummated within seventy five (75) days of the execution thereof, the right provided hereunder shall be deemed to be revived and
such Shares shall not be offered unless first reoffered to the Major Investors in accordance herewith. 
  
 (d) The right of first offer in this paragraph 2.4 shall not be applicable to (i) the issuance or sale of shares of Common Stock (or options therefor) to
employees, directors and consultants of the Company directly or pursuant to a stock option plan or restricted stock plan if approved by the Board of Directors of the Company (if in transactions with primarily non-equity financing purposes); (ii) the
issuance of securities pursuant to a bona fide, firmly underwritten public offering of shares of Common Stock, registered under the Act, (iii) the issuance of securities pursuant to the conversion or exercise of convertible or exercisable
securities, (iv) the issuance of securities in connection with a bona fide business acquisition of or 
  
  

 14 

 by the Company, whether by merger, consolidation, sale of assets, sale or exchange of stock or otherwise, in any case
approved by the Board of Directors of the Company, (v) the issuance of stock, warrants or other securities or rights to banks, equipment lessors or other financial institutions, landlords, licensors of technology or corporate partners (if in
transactions with primarily non-equity financing purposes) approved by the Board of Directors of the Company, (vi) the issuance of stock, warrants or other securities or rights to other providers of goods or services to this corporation (if in
transactions with primarily non-equity financing purposes) approved by the Board of Directors of the Company; provided that at the time of any such issuance, the aggregate of such issuance and similar issuances does not exceed 375,000 shares (as
adjusted for any stock splits, stock dividends, recapitalizations or the like) of the then outstanding Common Stock of the Company (assuming full conversion and exercise of all convertible and exercisable securities) or (vii) the issuance of
securities in connection with (A) stock splits or subdivisions or (B) dividends or other distributions payable in shares of Common Stock or other securities or rights convertible or exchangeable for shares of Common Stock. 
  
 (e) Notwithstanding anything to the contrary in Section 3.7 of this
Agreement, this Section 2.4 may be amended or waived with the consent of (1) the Company and (2) the holders of a majority of the Common Stock issuable or issued upon conversion of the Series A Preferred Stock, Series A1 Preferred Stock and Series B
Preferred Stock then outstanding, taken together as a single class. Any amendment or waiver effected in accordance with this paragraph shall be binding upon each holder of the Common Stock issuable or issued upon conversion of the Series A Preferred
Stock, each holder of the Common Stock issuable or issued upon conversion of the Series A1 Preferred Stock, each holder of the Common Stock issuable or issued upon conversion of the Series B Preferred Stock, each future holder of all such securities
and the Company. 
  
 2.5    Observer
Rights. 
  
 (a) As long as SOFTBANK Asia Infrastructure Fund,
L.P. (“Softbank”) owns not less than 1,500,000 shares of Registrable Securities, as adjusted for any stock splits, stock dividends, recapitalizations or the like (or an equivalent amount of Common Stock issued upon conversion thereof), the
Company shall invite one representative of Softbank to attend all meetings of its Board of Directors in a nonvoting observer capacity and, in this respect, shall give such representative copies of all notices, minutes, consents, and other materials
that it provides to its directors; provided, however, that such representative shall agree to hold in confidence and trust and to act in a fiduciary manner with respect to all information so provided; and, provided further, that the Company reserves
the right to withhold any information and to exclude such representative from any meeting or portion thereof if access to such information or attendance at such meeting would adversely affect the attorney-client privilege between the Company and its
counsel, if such Investor or its representative is a direct competitor of the Company; provided further, that the Company shall not be obligated to pay any of the fees, costs, or expenses accrued by Softbank’s representative in connection with
attending or preparing for any meeting of the Company’s Board of Directors. 
  
 (b) As long as Bowman Capital Private Equity Fund II, L.P. (“Bowman”) owns not less than 1,500,000 shares of Registrable Securities, as adjusted for any stock splits, stock dividends, recapitalizations or
the like (or an equivalent amount of Common 
  

 15 

 Stock issued upon conversion thereof), the Company shall invite one representative of Bowman to attend all meetings of
its Board of Directors in a nonvoting observer capacity and, in this respect, shall give such representative copies of all notices, minutes, consents, and other materials that it provides to its directors; provided, however, that such representative
shall agree to hold in confidence and trust and to act in a fiduciary manner with respect to all information so provided; and, provided further, that the Company reserves the right to withhold any information and to exclude such representative from
any meeting or portion thereof if access to such information or attendance at such meeting would adversely affect the attorney-client privilege between the Company and its counsel, if such Investor or its representative is a direct competitor of the
Company; provided further, that the Company shall not be obligated to pay any of the fees, costs, or expenses accrued by Bowman’s representative in connection with attending or preparing for any meeting of the Company’s Board of Directors.

  
 2.6    Termination of Certain
Covenants. The covenants set forth in Sections 2.4 and 2.5 shall terminate and be of no further force or effect upon the earlier of (i) consummation of a Qualifying IPO, (ii) the acquisition of the Company by another entity by means of any
transaction or series of related transactions (including, without limitation, any reorganization, merger or consolidation) that results in the transfer of fifty percent (50%) or more of the outstanding voting power of this corporation; or (iii) a
sale of all or substantially all of the assets of the Company. 
  
 3.    Miscellaneous. 
  
 3.1    Successors and Assigns. Except as otherwise provided herein, the terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the parties
(including transferees of any shares of Registrable Securities). Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies,
obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. 
  
 3.2    Governing Law. This Agreement shall be governed by and construed under the laws of the State of California as applied to
agreements among California residents entered into and to be performed entirely within California. 
  
 3.3    Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but
all of which together shall constitute one and the same instrument. 
  
 3.4    Titles and Subtitles. The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement. 
  
 3.5    Notices. Unless otherwise provided, any
notice required or permitted under this Agreement shall be given in writing and shall be deemed effectively given upon personal delivery to the party to be notified or upon delivery by confirmed facsimile transmission, nationally recognized
overnight courier service, or upon deposit with the United 
  
  

 16 

 States Post Office, by registered or certified mail, postage prepaid and addressed to the party to be notified at the
address indicated for such party on the signature page hereof, or at such other address as such party may designate by ten (10) days’ advance written notice to the other parties. 
  
 3.6    Expenses. If any action at law or in equity is necessary to enforce or interpret the terms
of this Agreement, the prevailing party shall be entitled to reasonable attorneys’ fees, costs and necessary disbursements in addition to any other relief to which such party may be entitled. 
  
 3.7    Entire Agreement; Amendments and Waivers.
This Agreement (including the Exhibits hereto, if any) constitutes the full and entire understanding and agreement among the parties with regard to the subjects hereof and thereof. With the exception of Section 2.5 herein, any term of this Agreement
may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of (1) the Company, and (2) the holders of a
majority of the Common Stock issuable or issued upon conversion of the Series 1 Preferred Stock, the Series A Preferred Stock, Series A1 Preferred Stock and Series B Preferred Stock then outstanding, taken together as a single class; provided,
however, that in the event that such amendment or waiver adversely affects the obligations and/or rights of the Common Holders in a different manner than the other Holders, such amendment or waiver shall also require the written consent of the
holders of a majority in interest of the Common Holders. The rights set forth in Section 2.5(a) and 2.5(b) herein may not be amended without the respective express written consent of Softbank, Bowman, or both, as the case may be. Any amendment or
waiver effected in accordance with this paragraph shall be binding upon each holder of any Registrable Securities, each future holder of all such Registrable Securities, each Common Holder, each future holder of shares of Common Stock held by a
Common Holder and the Company. 
  
 3.8    Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, such provision shall be excluded from this Agreement and the balance of the Agreement shall be
interpreted as if such provision were so excluded and shall be enforceable in accordance with its terms. 
  
 3.9    Aggregation of Stock. All shares of Registrable Securities held or acquired by affiliated entities or persons shall be
aggregated together for the purpose of determining the availability of any rights under this Agreement. 
  
  
 [Remainder of Page Left Intentionally Blank] 
  
  

 17 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  
  

			
	 SEVEN NETWORKS, INC.

		
	 By:
	  	/S/    BILL NGUYEN
	 	  	

	 	  	Bill Nguyen
	 	  	President & Chief Executive Officer

  
  

 SIGNATURE PAGE TO SEVEN NETWORKS, INC. 
 THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

			
	 INVESTORS:

	
	 SOFTBANK ASIA INFRASTRUCTURE FUND, L.P.

		
	 By:
	 	 [unintelligible]

	 	 	

	 Name:
	 	 
	 Title:
	 	 

  
  

 SIGNATURE PAGE TO SEVEN NETWORKS, INC. 
 THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

			
	 IGNITION, LLC

		
	 By:
	  	/S/    CAMERON D. MYHRVOLD
	 	  	

	 Name:
	  	Cameron D. Myhrvold
	 Title:
	  	Partner

  
  

 SIGNATURE PAGE TO SEVEN NETWORKS, INC. 
 THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

			
	 GREYLOCK X LIMITED PARTNERSHIP

	 By:
	  	Greylock X GP Limited Partnership, its General Partner
		
	 By:
	  	[unintelligible]
	 	  	

	 	  	Administrative Partner
	
	 GREYLOCK X-A LIMITED PARTNERSHIP

	 By:
	  	Greylock X GP Limited Partnership, its General Partner
		
	 By:
	  	[unintelligible]
	 	  	

	 	  	Administrative Partner

  
  

 SIGNATURE PAGE TO SEVEN NETWORKS, INC. 
 THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

			
	 McCance Family Limited Partnership *

	 By:
	  	Henry F. McCance, General Partner
	
	 Howard E. Cox, Jr. *

	
	 The Roger L. Evans Revocable Trust
 dated 12/16/99 *

	 By:
	  	Roger L. Evans, Trustee
	
	 Mapache Investments L.P. u/a/d 05/31/99*

	 By:
	  	David N. Strohm and Kathryn R. Reavis, Trustees
	
	 David N. Strohm *

	
	 William S. Kaiser *

	
	 William W. Helman *

	
	 Charles Chi and Renee van Dieen as Tenants in Common *

	
	 Aneel Bhusri *

	
	 Charles M. Hazard, Jr. *

	
	 David Sze *

	
	 David B. Aronoff *

		
	 *By:
	  	/S/    WILLIAM HELMAN
	 	  	

	 	  	William Helman
	 	  	Attorney In-Fact

  
  

 SIGNATURE PAGE TO SEVEN NETWORKS, INC. 
 THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

	
	 ROD MCGREARY

	
	 /S/    RODERICK
MCGREARY

  
  

 SIGNATURE PAGE TO SEVEN NETWORKS, INC. 
 THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

			
	 VLG INVESTMENTS LLC

		
	 By:
	  	/S/    JOHN V. BAUTISTA
	 	  	

	 Name:
	  	John V. Bautista
	 Title:
	  	Manager

  
  

 SIGNATURE PAGE TO SEVEN NETWORKS, INC. 
 THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

			
	 G&H PARTNERS

		
	 By:
	  	/S/    SCOTT F. ARMIENTI
	 	  	

	 Name:
	  	Scott F. Armienti
	 Title:
	  	CFO

  
  

 SIGNATURE PAGE TO SEVEN NETWORKS, INC. 
 THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

	
	 BILL NGUYEN

	
	 /S/    BILL NGUYEN

	

  
  

 SIGNATURE PAGE TO SEVEN NETWORKS, INC. 
 THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

	
	 JOHN COGAN III

	
	 /S/    JOHN COGAN III

	

  
  

 SIGNATURE PAGE TO SEVEN NETWORKS, INC. 
 THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

	
	 SIVA KUMAR

	
	 /S/    SIVA KUMAR

	

  
  

 SIGNATURE PAGE TO SEVEN NETWORKS, INC. 
 THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

	
	 JOHN P. COGAN JR.

	
	 /S/    JOHN P. COGAN JR.

	

	 

  
  

 SIGNATURE PAGE TO SEVEN NETWORKS, INC. 
 THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

	
	 MEGAN MUIR

	
	 /S/    MEGAN MUIR

	

  
  

 SIGNATURE PAGE TO SEVEN NETWORKS, INC. 
 THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

	
	 CRAIG SHERMAN

	
	 /S/    CRAIG SHERMAN

	

  
  

 SIGNATURE PAGE TO SEVEN NETWORKS, INC. 
 THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

	
	 THE COMMON HOLDERS:

	
	 BILL NGUYEN

	
	 /S/    BILL NGUYEN

	

	
	 JOHN COGAN III

	
	 /S/    JOHN COGAN III

	

  
  
  

 SIGNATURE PAGE TO SEVEN NETWORKS, INC. 
 THIRD AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

 SCHEDULE A 
  

List of Investors 
  
 Bill Nguyen 
 John Cogan III 
 Siva Kumar 
 Ai and Lan Nguyen 
 John P. Cogan Jr. 
 Peninsula Partners 
 Joshua Sadoff 
 Ignition, LLC 
 G&H Partners 
 Rod McGreary 
 Keyur Patel 
 Arvin Babu 
 Alain Rossmann 
 VLG Investments, LLC 
 Greylock X Limited Partnership 
 Greylock X-A Limited Partnership 

McCance Family Limited Partnership* 
 Howard E. Cox, Jr.* 
 Mapache Investments, L.P. u/a/d 05/31/99* 
 David N. Strohm* 
 William S. Kaiser* 
 William W. Helman* 
 Charles Chi and Renee van Dieen as Tenants in Common * 
 Aneel Bhusri*

 Charles M. Hazard, Jr.* 
 David Sze* 
 David B. Aronoff* 
 SOFTBANK Asia Infrastructure Fund, L.P. 
 Megan Muir 
 Craig Sherman 
 NCR Corporation 
 Saints Capital III, L.P. 
  

	*	William Helman 

	  	Attorney In-Fact 

  

 S-1 

 SCHEDULE B 
  

List of Common Holders 
  

			
	 Name

	  	Number of Shares of Common Stock Held

		
	 Bill Nguyen
	  	5,166,000
	 John Cogan, III
	  	   369,000

  
  

 S-2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}]]