Document:

exhibit1001.htm

ALTERNATIVE INVESTMENT

PLACEMENT AGENT AGREEMENT

 

This Alternative Investment Placement Agent Agreement (“Agreement”) is dated as of April 1, 2014, by and among each of the Delaware limited partnerships listed on Schedule 1 hereto (each, a “Partnership,” and together, the “Partnerships”), Ceres Managed Futures LLC, a Delaware limited liability company (the “General Partner”), and Morgan Stanley Smith Barney LLC, a Delaware limited liability company, currently doing business as Morgan Stanley Wealth Management (“MSSB”).  Partnerships may be added to this Agreement upon the agreement of the General Partner and MSSB.  The listing of such partnership on Schedule 1 hereto shall be evidence of such agreement.  This Agreement supersedes all prior agreements between each Partnership, MSSB and the General Partner, including, but not limited to, those listed on Schedule 2 hereto.

 

WHEREAS, the offering and sale of units of limited partnership or other interests in the Partnerships (“Interests” or “Units”) in accordance with the terms of each Partnership’s private placement offering memorandum and disclosure document, including any supplements thereto approved by the applicable Partnership (each, a “Memorandum”), each Partnership’s subscription/exchange agreements (the “Subscription Agreements”) and certain other investor materials or supplements approved for use or prepared by each Partnership, including without limitation the summary information contained in certain related marketing materials, all as amended from time to time (collectively, the “Offering Documents”), and each Partnership’s organizational documents (as amended or supplemented from time to time, “Organizational Documents”) (collectively, “Offering Materials”) is exempt from the registration requirements of the Securities Act of 1933, as amended (“Securities Act”), pursuant to Section 4(a)(2) and Rule 506 of Regulation D promulgated thereunder;

 

WHEREAS, the Partnerships desire to retain MSSB as a placement agent; and

 

WHEREAS, MSSB desires to be so retained and to assist, as placement agent, in the offer and sale of the Interests.

 

           NOW, THEREFORE, in consideration of the promises and the mutual agreements hereinafter contained and other good and valuable consideration the value of which is hereby acknowledged, the parties hereto hereby agree as follows:

 

1. Appointment of MSSB.

 

    (a) MSSB is hereby appointed as a non-exclusive placement agent of the Partnerships during the term of this Agreement for the purpose of finding eligible investors for Interests through offerings that are exempt from registration under the Securities Act, pursuant to Section 4(a)(2) thereof and Rule 506 of Regulation D promulgated thereunder.  For Managed Futures Strategic Alternatives, L.P., MSSB is appointed as a non-exclusive placement agent during the term of this Agreement for the purpose of finding eligible investors that are “qualified eligible persons,” as defined in Commodity Futures Trading Commission Rule 4.7, for Interests through offerings that are exempt from registration under the Securities Act, pursuant to Section 4(a)(2) thereof and Rule 506 of Regulation D promulgated thereunder.

 

  

  

  

    (b) In the case of any Partnership formed after the date of this agreement, Units initially shall be offered at $1,000 per Unit or as otherwise determined by the General Partner, and thereafter shall be offered on a continuous basis as of the first day of each month at the final Net Asset Value per Unit (as defined in each Partnership’s Limited Partnership Agreement) as of the last day of the immediately preceding month.  For all other Partnerships, Units are being offered on a continuous basis as of the first day of each month at the final Net Asset Value per Unit (as defined in each Partnership’s Limited Partnership Agreement) as of the last day of the immediately preceding month.  The General Partner in its sole discretion may terminate at any time the continuous offering period of one or more of the Partnerships and may at any time in its sole discretion, terminate, discontinue or resume the continuous offering of any class of Units in any of the Partnerships.

 

    (c) Subject to the right of the General Partner to reject any subscription in whole or in part at any time prior to acceptance, the General Partner shall accept subscriptions for Units properly made and shall cause proper entries to be made in the books and records of the relevant Partnership.  No certificate evidencing Interests shall be issued to any limited partner, although limited partners shall receive confirmations of purchase from the General Partner in its customary form.  Payment for the Interests shall be made as described in the Offering Documents at such time on such date as may be agreed to by the General Partner.  Payment shall be made against issuance of the Interests in the name of the limited partners.

 

    (d) Subject to the performance by the Partnerships and the General Partner of their respective obligations hereunder, MSSB hereby accepts such appointment and agrees on the terms and conditions set forth herein to find eligible investors for Interests during the term hereof and to use reasonable efforts to assist the Partnerships and the General Partner in communicating with limited partners with respect to consent solicitations and limited partner votes and other items requiring actions of the limited partners with respect to the applicable Partnership, at the reasonable request of the General Partner.  MSSB shall have no obligation to offer or sell any Interests.

 

    (e) MSSB may, without notice to the Partnership or the General Partner, assign or delegate its rights and obligations to its affiliates, or otherwise retain affiliates to act as sub-placement agents, in connection with the solicitation of investors and otherwise to assist MSSB in performing its obligations under this Agreement to the extent MSSB deems appropriate, subject to compliance with applicable laws, rules or regulations; provided however, that each such sub-placement agent shall execute a sub-agent agreement substantially in the form of this Agreement.  MSSB may compensate any such sub-placement agent by paying the sub-placement agent from MSSB’s own funds.

 

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2. Offering and Sale of Interests.

 

    (a) MSSB shall deliver, to each person to whom MSSB makes an offer of an Interest, the Offering Documents, as amended as of such time.

 

    (b) MSSB shall not make any offer of Interests on the basis of any communications or documents relating to any of the Partnerships or the Interests, except the Offering Materials, any other documents supplied or prepared by the General Partner on behalf of the Partnerships and delivered to MSSB by the General Partner for use in making an offer of Interests, or any other materials expressly approved for such use by the General Partner in writing (which shall include electronic mail).  Subject to Section 9, the Partnerships and the General Partner shall provide MSSB copies of any Offering Documents a commercially reasonable time prior to providing such Offering Documents to any limited partner for MSSB’s review and approval, which shall not be unreasonably withheld.

 

    (c) Without the prior written consent of the General Partner, MSSB shall not use any form of “general solicitation” or “general advertising” (within the meaning of Rule 502 of Regulation D under the Securities Act prior to the effective date of the final rules implementing Section 201(a) of the Jumpstart Our Business Startups Act) in making offers of Interests, including any advertisement, article, notice or other communication published in any newspaper, magazine or similar media or broadcast over television or radio, or any seminar or meeting whose attendees have been invited by any general solicitation or advertising.

 

    (d) MSSB shall, in accordance with requirements of Regulation D under the Securities Act, reasonably believe immediately prior to making any offer or sale of Interests that any prospective investor solicited by MSSB is an “accredited investor,” as that term is defined in Rule 501(a) of Regulation D under the Securities Act, and meets such other eligibility criteria as are set forth in the Offering Documents.  The Partnerships shall be responsible for the timely filing with the U.S. Securities and Exchange Commission (“SEC”) of any notices required by Rule 503 of Regulation D under the Securities Act.  MSSB shall only solicit prospective investors in any jurisdiction in compliance with the marketing rules and private placement rules of such jurisdiction.

 

    (e) MSSB represents and warrants that it has policies and procedures reasonably designed to comply with applicable anti-money laundering and anti-terrorist financing laws, rules and regulations.  Additionally, MSSB represents and warrants that it has policies and procedures reasonably designed to ensure that it does not accept or maintain investments in the Partnerships, directly or indirectly, from a person, government, organization or entity (a) who is or becomes the subject of a sanctions program administered by the U.S. Office of Foreign Assets Control (“OFAC”), is included in any executive order or is on the list of Specially Designated Nationals and Blocked Persons maintained by OFAC, or (b) whose name appears on such other lists of prohibited persons and entities as may be mandated by applicable local law or regulation.

 

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    (f) MSSB represents to the Partnerships as of the date hereof that MSSB is subject to the anti-money laundering regime of the United States and maintains anti-money laundering policies and procedures in compliance with applicable anti-money laundering legislation and regulations, as amended from time to time (the “Anti-Money Laundering Regime”).

 

    (g) MSSB shall be responsible for ensuring that any activities taken in connection with the sale of Interests in any jurisdiction outside of the United States shall be conducted in compliance with the private placement or other applicable offering rules of such jurisdiction; provided, however, that, the Partnerships and the General Partner agree to coordinate with MSSB in respect of determining the number of offers made to prospective investors in any particular jurisdiction and such other relevant information in respect of offerings of Interests made by any party other than MSSB, which would reasonably be deemed to affect MSSB’s compliance with applicable offering rules.  MSSB shall make no offer or sale of any Interest in any foreign jurisdiction, or to any prospective investor located in any foreign jurisdiction, where there is a prohibition on the sale of securities such as the Interests.

 

    (h) The General Partner shall be responsible for any applicable registration or qualification of the Interests under all applicable laws, rules or regulations of the United States and the states therein.  The General Partner on behalf of the Partnerships acknowledges that MSSB intends to offer the Interests in each state within the United States.  The General Partner, at the applicable Partnership’s expense, shall use reasonable efforts to register or qualify the Interests, if required, in each jurisdiction within the United States that the Interests are offered by MSSB or to make any filings required by applicable law in each jurisdiction within the United States in which the Interests are sold by MSSB.  If the Interests may not be offered in any particular jurisdiction in the United States, the applicable Partnership and the General Partner shall promptly notify MSSB.

 

    (i) The Partnerships shall provide a reasonable quantity of copies of the Offering Materials and such other documents as MSSB is required to provide to prospective investors under this Agreement.  If any Offering Materials are amended or supplemented, the General Partner shall promptly notify MSSB, and provide copies of such amendments or supplements in accordance with the preceding sentence.

 

    (j) All subscriptions for Interests submitted by or through MSSB shall be subject to the General Partner’s approval, in its sole discretion.  The General Partner and MSSB agree that the General Partner has the ultimate responsibility to determine whether a prospective investor meets all applicable private placement accreditation, minimum investment, and other regulatory requirements necessary to invest in a Partnership, provided, however, it is acknowledged by MSSB that the General Partner shall reasonably rely upon due diligence conducted by MSSB on each prospective investor.

 

3. Fees and Expenses. 

 

    (a) Each Partnership listed in Schedule 3 shall pay MSSB a monthly ongoing compensation fee as of the beginning of each month with respect to each prospective investor introduced by MSSB that invests in one or more of such Partnerships on a placement basis equal to the amount described for each Partnership in Schedule 3 (“Ongoing Placement Agent Fee”).  Net Asset Value shall have the meaning set forth in the respective Partnership’s Limited Partnership Agreement.  The fee shall be payable monthly beginning with the first month that a Unit is issued.

 

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    (b) No Ongoing Placement Agent Fee is payable by the Partnerships listed in Schedule 4. Each Partnership listed in Schedule 4 shall pay MSSB a monthly flat-rate brokerage fee in an amount equal to the amount described for each Partnership in Schedule 4 (“Brokerage Fee”), a portion of which MSSB may pay as a selling agent fee to its employees, affiliates, or any additional selling agents with respect to each investor introduced by MSSB.

 

    (c) MSSB may introduce investors on an advisory basis whereby the applicable Partnership shall not be obligated to pay MSSB any direct compensation for such limited partners; provided MSSB may be compensated directly by such limited partners in relation to their investments in such Partnership.

 

    (d) MSSB may, without notice, allocate all or a portion of its fees to its affiliates and may also allocate all or a portion of its fees to non-affiliates upon written notice to the General Partner.  The Partnerships and the General Partner agree that MSSB, including any applicable affiliate of MSSB, reserves the sole right to reduce or waive the Ongoing Placement Agent Fee in whole or in part.  The General Partner agrees to reduce or waive the Ongoing Placement Agent Fee described herein for any limited partner in accordance with written instructions provided by MSSB to the General Partner.  MSSB agrees that neither the Partnerships nor the General Partner shall have any additional responsibility or liability to MSSB or any other party for complying with the written instructions provided by MSSB relating to this Section 3(d) beyond making payments in accordance with such written instructions.

 

    (e) If MSSB becomes aware that a limited partner is no longer a client of MSSB, it shall promptly inform the General Partner and if the General Partner becomes aware that a limited partner is no longer a client of MSSB, the General Partner shall promptly notify MSSB.  Once a limited partner is no longer a client of MSSB, the applicable Partnership will no longer be obligated to pay the Ongoing Placement Agent Fee attributable to such limited partner.  Notwithstanding the foregoing, a limited partner may be a client of MSSB and another broker-dealer at the same time, and the fact that such limited partner is a client of another broker-dealer may not, by itself, serve as evidence that such limited partner is not a client of MSSB.

 

    (f) The Partnerships and MSSB shall each bear their own expenses in connection with the solicitation of prospective investors, including expenses of preparing, reproducing, mailing and/or delivering offering and sales materials.

 

4. Representations, Warranties and Agreements of the Partnership and the General Partner.  Each Partnership and the General Partner (for purposes of this Section 4 only, each a “Party”) severally, and not jointly, represent and warrant to MSSB and agree with MSSB as follows:

 

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    (a) It is duly organized, validly existing and in good standing under the laws of the jurisdiction of its formation or organization, and it has full power and authority under applicable laws, rules or regulations to conduct its business as contemplated by the Offering Materials.

 

    (b) The execution, delivery and performance of this Agreement has been duly authorized by all necessary action of each Party, and upon the execution and delivery hereof, this Agreement shall constitute a valid, binding and enforceable obligation of such Party.

 

    (c) The execution, delivery and performance of this Agreement, the incurrence of the obligations set forth herein and the consummation of the transactions contemplated herein and in the Offering Materials, including the issuance and sale of the Interests, shall not constitute a breach of or default under any agreement or instrument by which such Party is bound, or to which any of its assets is subject, or any order, rule or regulation applicable to it of any court or any governmental body or administrative agency having jurisdiction over it.

 

    (d) There is not pending or, to the best knowledge of such Party, threatened any action, suit or proceeding before or by any court or other governmental body to which such Party is a party, or to which any of its assets is subject, which might reasonably be expected to result in any material adverse change in the condition, financial or otherwise, business or prospects of such Party.  Such Party has not received any notice of an investigation regarding non-compliance by such Party with applicable laws, rules or regulations.

 

    (e) The Offering Materials, as of the date hereof and at any subsequent time during the term of this Agreement, do not and shall not contain any untrue statement of a material fact, or omit to state any material fact required to be stated therein or necessary in order to make the statements contained therein, in light of the circumstances under which they are made, not misleading.  If any statement were to become untrue or if an omission of a material fact is discovered, the General Partner shall promptly supplement the Offering Materials to remove such untrue statement or to disclose such material fact.

 

    (f) At all times during which MSSB client(s) own(s) an Interest, the General Partner shall, as soon as commercially practical, notify and update in writing such MSSB client(s) of any material changes or developments relating to the applicable Partnership or their Interests.

 

    (g) The Interests have been duly authorized for issuance and sale, and, when issued and subscribed for in the amounts and for the consideration described in the Offering Materials, shall be entitled to the rights and subject to the restrictions and conditions contained in the Organizational Documents; no limited partner shall be personally liable for the debts of and claims against the Partnership in which it is invested by the mere reason of being a limited partner; and all necessary action required to be taken for authorization, issue and sale of the Interests has been validly and sufficiently taken.

 

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    (h) It is not necessary in connection with the offer, sale and delivery of the Interests in the manner contemplated by this Agreement to register the Interests under the Securities Act or, to the best knowledge of such Party, the laws of any other jurisdiction where it is being offered.  For Managed Futures Strategic Alternatives, L.P., it is also not necessary in connection with the offer, sale and delivery of the Interests to file the confidential private placement memorandum and disclosure document pursuant to the regulations under the Commodity Exchange Act (the “CEAct”).  Each Party shall conduct itself, and ensure that its agents conduct themselves, in a manner consistent with the exemption from registration under Section 4(a)(2) of the Securities Act and the rules and regulations promulgated thereunder, and the regulations under the CEAct, as applicable, and, without limitation, shall not use, or permit any other person to use, any form of prohibited general solicitation or general advertising in making offers of Interests.

 

    (i) The General Partner will promptly notify MSSB in the event that a Partnership is no longer able to rely on the private placement exemption under Rule 506(d).

 

    (j) Each Party acknowledges that in performing the services contemplated hereby, MSSB shall be entitled to rely upon and assume, without independent verification, the accuracy and completeness of all information that is available from public sources and all information that has been provided to it by, or on behalf of, the Partnerships or the General Partner, and that MSSB has no obligation to verify the accuracy or completeness of any such information and shall have no liability to the Partnerships, the General Partner or any third party for any information contained in the Offering Materials.

 

    (k) The representations and warranties set forth in this Agreement are continuing during the term of this Agreement and each Party agrees to notify MSSB promptly in writing if at any time during the term of this Agreement, any such representation or warranty becomes materially inaccurate or untrue and of the facts related thereto.

 

    (l) Each Party acknowledges that MSSB enters into this Agreement in reliance on the representations, warranties and agreements of the Partnerships and the General Partner contained herein.

 

5. Representations, Warranties and Agreements of MSSB.  MSSB represents and warrants to and agrees with, the Partnerships and the General Partner as follows:

 

    (a) MSSB is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization and MSSB has full power and authority under applicable laws, rules or regulations to engage in the activities contemplated under this Agreement.

 

    (b) The execution, delivery and performance of this Agreement has been duly authorized by all necessary action of MSSB, and upon the execution and delivery hereof, this Agreement shall constitute a valid, binding and enforceable obligation of MSSB.

 

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    (c) The execution, delivery and performance of this Agreement, the incurrence of the obligations set forth herein and the consummation of the transactions contemplated herein shall not constitute a breach of or default under any agreement or instrument by which MSSB is bound, or to which any of its assets is subject, or any order, rule or regulation applicable to it or of any court or any governmental body or administrative agency having jurisdiction over it.

 

    (d) MSSB (or any designee to which it delegates its right and obligations hereunder pursuant to Section 1(e)) has and shall maintain all licenses and registrations necessary under applicable federal and state laws, rules and regulations, including the rules and regulation of any self-regulatory organization with competent jurisdiction, to provide the services required to be provided by MSSB (or such designee) hereunder. To the reasonable knowledge of MSSB, MSSB has not solicited and shall not solicit any offer to buy or offer to sell Interests in any manner that would be inconsistent with applicable laws and regulations, or in any manner that would constitute a general solicitation or general advertising (within the meaning of Rule 502 of Regulation D under the Securities Act) or any state securities laws.  MSSB shall conduct itself and take reasonable measures to ensure that its respective agents conduct themselves, in a manner consistent with (i) the exemption from registration under Section 4(a)(2) of the Securities Act and the rules and regulations promulgated thereunder, including, without limitation the requirements of Regulation D under the Securities Act, and (ii) any applicable state law exemptions from registration.

 

    (e) MSSB shall furnish to each prospective investor it solicits the most current copy of the applicable Partnership’s Memorandum provided to it by the General Partner prior to that person’s admission as a limited partner.

 

    (f) MSSB shall furnish to the Partnerships a description of all material pending and prior litigation and regulatory actions involving MSSB and its subsidiaries, required to be disclosed in the Memorandums during the term of this Agreement.

 

    (g) MSSB has and maintains policies, procedures, and internal controls that are reasonably designed to ensure that no Covered Person identified in Appendix A subject to disqualification is permitted to participate in any of a Partnership’s offerings pursuant to Rule 506 of Regulation D under the Securities Act (“Rule 506”).  MSSB represents that it has exercised reasonable care, in accordance with section (e) of Rule 506 in making a factual inquiry into whether any Covered Person is the subject of any of the acts enumerated in Rule 506(d)(1)(i) through (viii) or that would cause a Partnership to be unable to rely upon Rule 506 (each a “Disqualifying Event”).  MSSB agrees that each Partnership may disclose any Disqualifying Event involving a Covered Person that occurred prior to September 23, 2013, in accordance with the method of disclosure under Rule 506(e).

 

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    (h) The representations and warranties set forth in this Agreement are continuing during the term of this Agreement and MSSB agrees to notify each of the Partnerships and the General Partner promptly in writing if at any time during the term of this Agreement, any such representation or warranty becomes materially inaccurate or untrue and of the facts related thereto.

 

    (i) MSSB acknowledges that each of the Partnerships and the General Partner enter into this Agreement in reliance on the representations, warranties and agreements of MSSB contained herein.

 

6. Covenants of MSSB.

 

    (a) MSSB will promptly notify the Partnerships and the General Partner if it becomes aware of any Covered Person who is or becomes the subject of a Disqualifying Event.

 

    (b) MSSB shall, to the extent practicable and reasonable, make available personnel to the General Partner to respond to reasonable queries about its processes directly related to identifying Covered Persons and Disqualifying Events under Rule 506(d) and confirm that the representations made in Section 5(g) are accurate and complete.

 

7. Indemnification.

 

    (a) Each Partnership shall indemnify, hold harmless, and defend MSSB, each person who controls MSSB within the meaning of Section 15 of the Securities Act or Section 20(a) of the Securities Exchange Act of 1934, and their respective officers, directors, partners, members, shareholders, employees and agents from and against any losses, claims, damages or liabilities (or actions in respect thereof) (“Covered Claims”) arising out of or relating to (i) the offer or sale of the Interests or the management or affairs of the applicable Partnership; (ii) any untrue statement or alleged untrue statement of material fact or any omission of a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading in any Offering Materials or in any advertising or promotional material approved, published or provided to MSSB by or on behalf of the applicable Partnership or the General Partner or accurately derived from information approved, published or provided to MSSB by or on behalf of the applicable Partnership (iii) any violation of any law, rule or regulation relating to the registration or qualification of Interests or the applicable Partnership, (iv) any breach by the applicable Partnership or the General Partner of any representation, warranty or agreement contained in this Agreement, (v) any violation of any law, rule or regulation relating to the operation of the applicable Partnership or (vi) any willful misconduct or gross negligence by the applicable Partnership or the General Partner or their respective affiliates in the performance of, or failure to perform, its obligations under this Agreement, except to the extent that any such Covered Claim is caused by breach of this Agreement by MSSB or its affiliates, directors, members, employees, agents and affiliates or the willful misconduct or gross negligence of any of the foregoing in the performance of, or failure to perform, their obligations under this Agreement.

 

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    (b) MSSB shall indemnify, hold harmless, and defend each of the Partnerships and the General Partner, each person who controls any of the foregoing within the meaning of Section 15 of the Securities Act or Section 20(a) of the Securities Exchange Act of 1934, and their officers, directors, partners, members, shareholders, employees, and agents from and against any Covered Claims arising out of or relating to (i) any breach by MSSB of any representation, warranty or agreement contained in this Agreement, (ii) failure of MSSB to comply with marketing rules or private placement rules in any jurisdiction, (iii) any untrue statement, or alleged untrue statement of a material fact, made by MSSB in connection with MSSB’s placement of the Interests that is not in reliance on or in conformity with the Offering Materials, or (iv) willful misconduct or gross negligence by MSSB in the performance of, or failure to perform, its obligations under this Agreement, except in each case to the extent that any Covered Claim is caused by breach of this Agreement by any of the Partnerships or the General Partner or their officers, directors, partners, members, shareholders, employees, agents and affiliates or the willful misconduct or gross negligence of any of the foregoing in the performance of, or failure to perform, their obligations under this Agreement.

 

    (c) Promptly after receipt of notice of any claim or complaint or the commencement of any action or proceeding with respect to which an indemnified party is entitled to seek indemnification hereunder, the indemnified party shall notify the indemnifying party in writing of such claim or complaint or the commencement of such action or proceeding.  The indemnifying party shall be entitled to participate at its own expense in the defense or, if it so elects within a reasonable time after receipt of such notice, to assume the defense of any suit so brought, which defense shall be conducted by counsel chosen by it and satisfactory to the indemnified party or parties.  In the event that the indemnifying party elects to assume the defense of any such suit and retain such counsel, the indemnified party or parties shall bear the fees and expenses of any additional counsel thereafter retained by it or them.

 

    (d) If the foregoing indemnification is for any reason unavailable to an indemnified party (other than by reason of the terms thereof), the indemnifying party shall contribute to the Covered Claims that are paid or payable by the indemnified party in such proportion as is appropriate to reflect the relative economic interests of the indemnifying party, on the one hand, and the indemnified party, on the other hand, in the transactions contemplated by this Agreement (whether or not consummated) and any other relevant equitable considerations.  For purposes of this paragraph, the relative interests of the applicable Partnership and the General Partner, on the one hand, and MSSB, on the other hand, in the transactions contemplated by this Agreement, shall be deemed to be in the same proportion as (i) the total proceeds received or contemplated to be received by the applicable Partnership and the General Partner in the transactions contemplated by this Agreement (whether or not any such transaction is consummated) bears to (ii) the fees paid or to be paid to MSSB under the Agreement; provided however, that to the extent permitted by applicable law, in no event shall the applicable Partnership and the General Partner contribute less than the amount necessary to ensure that all indemnified parties, in the aggregate, are not liable in excess of the amount of fees actually received by MSSB pursuant to this Agreement.

 

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    (e) The foregoing indemnity shall be in addition to any liabilities that the parties may otherwise have incurred hereunder.

 

8. Confidentiality.

 

    (a) Each party acknowledges that, in performing its obligations under this Agreement, it may have access to confidential and proprietary information of the other party (“Confidential Information”).  The parties agree that information concerning any potential investor introduced by MSSB to the Partnerships or the General Partner is the Confidential Information of MSSB.  By way of illustration but not of limitation, “Confidential Information” includes any “nonpublic personal information” (as defined in SEC Regulation S-P or FTC Regulation 313) regarding prospective investors and limited partners or members, trade secrets, data, know-how, accounting data, statistical data, financial data or projections, forecasts, business practices or policies, research projects, reports, development and marketing plans, strategies, or other business information that is not generally known or available to the public.  The term “Confidential Information” does not include information that: (i) is or becomes generally available to the public other than as a result of an improper disclosure by the disclosing party; (ii) was rightfully available to a party on a non-confidential basis before its disclosure by the other party; (iii) was independently developed by the receiving party or (iv) becomes available to a party on a non-confidential basis from a source other than the other party, provided that such source is not prohibited from transmitting the information by a contractual, legal, or fiduciary obligation.

 

    (b) Except to the extent necessary to perform its obligations under this Agreement, no party may disclose or use any of the other parties’ Confidential Information.  Each party shall maintain the confidentiality of the other parties’ Confidential Information in its possession or control.  For the avoidance of doubt, no party may provide information concerning the Partnerships or prospective investors to any third party knowing that such third party may use such information in any form of publication, whether publicly or privately distributed, without the express prior written approval of the other parties.  Each party shall limit the disclosure of the other parties’ Confidential Information to those of its employees and agents with a need to know such Confidential Information for purposes of this Agreement.  Each party shall use reasonable care to prevent its employees and agents from violating the foregoing restrictions.  Notwithstanding the above, Confidential Information may be disclosed to the extent required by law or by an order or decree of any court or other governmental authority or a request is made by a governmental authority, regulatory agency or self-regulatory agency; provided, however, that each party shall, to the extent practicable, if legally compelled to disclose such information:  (i) provide the applicable party with prompt written notice of that fact so that the other party may attempt to obtain a protective order or other appropriate remedy and/or waive compliance with the provisions of this Section 8; (ii) disclose only that portion of the information that a party’s legal counsel advises is legally required; and (iii) endeavor to obtain assurance that confidential treatment shall be accorded the information so disclosed.  Notwithstanding the foregoing, limited partners shall also be governed by the privacy policy included in the Offering Materials.

 

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    (c) On written request or on the expiration or termination of this Agreement, each party shall return to the other parties or destroy all Confidential Information in its possession or control, provided that each party may retain a single archival copy of any document or information that such party is obligated to maintain pursuant to record keeping requirements to which it is subject under applicable laws, rules or regulations, but for only so long as such records are required to be maintained.

 

9. Client Communications.  Each Partnership and the General Partner severally agree to provide to MSSB copies of any communications to limited partners with respect to the operation and performance of the applicable Partnership.  Communications that are provided on a regular basis such as monthly account statements, shall be distributed to MSSB when such communications are distributed to MSSB clients.  The General Partner shall use its commercially reasonable efforts to distribute to MSSB all communications that require any action by limited partners such as limited partner consent or vote prior to the distribution of such communication to limited partners.  Each Partnership and the General Partner agree that MSSB may use such communications in connection with reports issued by MSSB to the applicable limited partners to which such communications were directed.  Each Partnership and the General Partner severally agree to respond as soon as practicable to inquiries of MSSB investors as communicated by MSSB and shall endeavor to copy MSSB on all such communications.

 

10. Term and Termination.

 

    (a) This Agreement shall remain in full force and effect until terminated by a party on thirty days’ prior written notice to the other parties.

 

    (b) This Agreement may be terminated immediately on written notice to the other parties hereto on the dissolution, insolvency or bankruptcy of any party or upon a material breach of any condition, warranty, representation or other term of this Agreement by the other party.

 

    (c) Notwithstanding Section 10(b), upon becoming aware of a Disqualifying Event occurring on or after September 23, 2013 with respect to MSSB or any of its Covered Persons, a Partnership may, in its sole discretion, terminate this Agreement which shall be effective immediately or on such future date as indicated by such Partnership in a notice to MSSB relating to such termination.

 

    (d) On termination of this Agreement, the General Partner shall continue to pay MSSB the compensation set forth in Section 3 for so long as each limited partner introduced to the Partnerships by MSSB remains a limited partner and MSSB (and its applicable employees) maintains all necessary licenses and regulations required to receive such compensation.  For purposes of the foregoing, MSSB shall be entitled to the compensation set forth in Section 3 with respect to any person introduced by MSSB to the General Partner prior to termination whose subscription is accepted by the applicable Partnership within sixty days following such termination.

 

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11. Notices.  Any notice required or desired to be delivered under this Agreement shall be effective on actual receipt and shall be in writing and (i) delivered personally; (ii) sent by first class mail or overnight delivery, postage prepaid; (iii) transmitted by electronic mail (with confirmation of delivery and receipt); or (iv) transmitted by fax (with confirmation by first class mail, postage prepaid) to the parties at the following address or such other address as the parties from time to time specify in writing:

 

	
If to the Partnership or the General Partner :

 

[Name of Partnership]

c/o Ceres Managed Futures LLC

Morgan Stanley Alternative Investments

522 5th Avenue, 14th Floor

New York, NY  10036

Fax: 212-296-6869

Email: Alper.Daglioglu@morganstanley.com

Attention: Alper Daglioglu, President

 

With a copy to:

Alston & Bird LLP

90 Park Avenue

New York, NY 10016

Email:  tim.selby@alston.com

Attention: Tim Selby

 

	
If to MSSB:

 

Morgan Stanley Smith Barney LLC

522 5th Avenue, 13th Floor

New York, NY  10036

Fax: 212 905-2750

Email: Jeremy.Beal@morganstanley.com

Attention:  Jeremy Beal, Executive Director

 

12. Status of Parties.  In selling the Interests, MSSB shall be an independent contractor (rather than employee, agent or representative) of any Partnership or the General Partner, and MSSB shall not have the right, power or authority to enter into any contract or to create any obligation on behalf of any Partnership or the General Partner or otherwise bind any Partnership or the General Partner in any way.  Nothing in this Agreement shall create a partnership, joint venture, agency, association, syndicate, unincorporated business or any other similar relationship between the parties.  Nothing in this Agreement shall be construed to imply that MSSB is a partner, shareholder, manager, managing member or member of any Partnership or the General Partner.

 

13. Miscellaneous.

 

    (a) Headings.  Headings to sections and subsections in this Agreement are for the convenience of the parties only and are not intended to be a part of or affect the meaning or interpretation hereof.

 

    (b) Entire Agreement.  This Agreement embodies the entire agreement and understanding of the parties with respect to the subject matter hereof, and supersedes all other agreements and understandings, whether written or oral, between the parties relating to the subject matter hereof entered into prior to this Agreement.

 

- 13 -

 

  

  

  

    (c) Amendments.  This Agreement (including Schedules 3 and 4) shall not be amended except by a writing signed by all parties hereto.  Notwithstanding the previous sentence, Partnerships may be added to this Agreement upon the agreement of the General Partner and MSSB.  The listing of such Partnership on Schedule 1 hereto shall be evidence of such agreement.

 

    (d) Waiver.  No waiver of any provision of this Agreement shall be implied from any course of dealing between the parties hereto either before or after the effective date of this Agreement or from any failure by any party hereto to assert its rights hereunder on any occasion or series of occasions.

 

    (e) Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to the conflict or choice of law provisions thereof.  The provisions of Sections 3, 7 (including with respect to breaches of Section 4 or 5), 8, 9, 10(c), and this Section 13 shall survive termination of this Agreement.  If any provision of this Agreement is or should become inconsistent with any present or future law, rule, or regulation of any governmental or regulatory authority having jurisdiction over the subject matter of this Agreement, such provision shall be deemed rescinded or modified in accordance with any such law, rule or regulation.  In all other respects, this Agreement shall continue and remain in full force and effect.

 

    (f) Successors and Assigns.  This Agreement shall inure to the benefit of and be binding on the parties hereto and such parties’ respective successors and permitted assigns.

 

    (g) Assignment.  No party may assign this Agreement without the prior written consent of the other parties, except as otherwise provided herein.  Any purported assignment in violation of this Section 13 shall be void.

 

    (h) Jurisdiction and Consent.  THE PARTIES HERETO IRREVOCABLY SUBMIT TO THE NON-EXCLUSIVE JURISDICTION OF ANY STATE OR FEDERAL COURT SITTING IN NEW YORK CITY OVER ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT AND WAIVE TRIAL BY JURY.  EACH OF THE PARTIES IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT AND ANY CLAIM THAT SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.  EACH OF THE PARTIES AGREES THAT A FINAL JUDGMENT IN ANY SUCH SUIT, ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND BINDING UPON THE PARTIES AND MAY BE ENFORCED IN ANY OTHER COURTS TO WHOSE JURISDICTION A PARTY IS OR MAY BE SUBJECT, BY SUIT UPON SUCH JUDGMENT.  EACH PARTNERSHIP AND THE GENERAL PARTNER EACH HEREBY CONSENTS TO THE SERVICE OF ANY AND ALL PROCESS WHICH MAY BE SERVED IN ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT BY MEANS OF PERSONAL DELIVERY OR COURIER SERVICE, ADDRESSED TO ITS ADDRESS PROVIDED ABOVE AND TO THE ATTENTION OF ANY SECRETARY, ASSISTANT SECRETARY OR ANY OTHER OFFICER, DIRECTOR, MANAGING AGENT OR GENERAL AGENT OF SUCH PARTY, AND SUCH PARTY HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE UNDER NEW YORK LAW OR UNDER ANY LAW OF ANY STATE OF THE UNITED STATES OR OF ANY OTHER JURISDICTION OR OTHERWISE TO SERVICE OF PROCESS IN SUCH MANNER.

 

- 14 -

 

  

  

  

(i) Counterparts.  This Agreement may be executed in several counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.  Facsimiles (including facsimiles of the signature pages of this Agreement) shall have the same legal effect hereunder as originals.

 

 

 

 

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

 

- 15 -

 

  

  

  

 

IN WITNESS WHEREOF, the undersigned parties have caused this Agreement to be executed as of the day and year first above written.

	
THE PARTNERSHIPS LISTED ON SCHEDULE 1 HERETO

 

By: Ceres Managed Futures LLC

 

Name:   /s/ Alper Daglioglu                                                

           Alper Daglioglu

 

Title:  President

	
Morgan Stanley Smith Barney LLC

 

 

 

Name: /s/ Jeremy Beal                                               

             Jeremy Beal

 

Title:  Executive Director

	  	
Ceres Managed Futures LLC

 

Name: /s/ Alper Daglioglu                                                      

           Alper Daglioglu

 

Title:  President

 

 

 

 

 

	                                                                                          - 16 -  	  

 

  

  

  

Schedule 1

 

	
PARTNERSHIP

	
STATE AND DATE OF ORGANIZATION

	
EFFECTIVE DATE

	
Polaris Futures Fund L.P.

	
Delaware; February 22, 2007

	
April 1, 2014

	
Meritage Futures Fund L.P.

	
Delaware; February 22, 2007

	
April 1, 2014

	
LV Futures Fund L.P.

	
Delaware; February 22, 2007

	
April 1, 2014

	
Managed Futures Premier BHM L.P.

	
Delaware; August 23, 2010

	
April 1, 2014

	
Managed Futures Premier Graham L.P.

	
Delaware; July 15, 1998

	
April 1, 2014

	
Managed Futures Strategic Alternatives, L.P.

	
Delaware; May 4, 1999

	
April 1, 2014

	
Managed Futures Premier Aventis L.P.

	
Delaware; April 10, 2012

	
April 1, 2014

	
Morgan Stanley Smith Barney Charter Aspect L.P.

	
Delaware; October 22, 1993

	
December 31, 2013

	
Morgan Stanley Smith Barney Charter Campbell L.P.

	
Delaware; March 26, 2002

	
December 31, 2013

	
Morgan Stanley Smith Barney Charter WNT L.P.

	
Delaware; July 15, 1998

	
December 31, 2013

	
Morgan Stanley Smith Barney Spectrum Currency and Commodity L.P.

	
Delaware; October 20, 1999

	
December 31, 2013

	
Morgan Stanley Smith Barney Spectrum Global Balanced L.P.

	
Delaware; April 29, 1994

	
December 31, 2013

	
Morgan Stanley Smith Barney Spectrum Select L.P.

	
Delaware; March 21, 1991

	
December 31, 2013

	
Morgan Stanley Smith Barney Spectrum Strategic L.P.

	
Delaware; April 29, 1994

	
December 31, 2013

	
Morgan Stanley Smith Barney Spectrum Technical L.P.

	
Delaware; April 29, 1994

	
December 31, 2013

 

  

  

  

Schedule 2

 

	
PRIOR AGREEMENT

	
Alternative Investment Placement Agent Agreement, dated as of June 1, 2007, by and among LV Futures Fund L.P. (formerly Morgan Stanley Managed Futures LV, L.P.), Meritage Futures Fund L.P. (formerly Morgan Stanley Managed Futures MV, L.P.), Polaris Futures Fund L.P. (formerly Morgan Stanley Managed Futures HV, L.P.), Ceres Managed Futures LLC (formerly Demeter Management Corporation), and Morgan Stanley Wealth Management (replacing Morgan Stanley & Co. LLC (formerly Morgan Stanley & Co. Incorporated)), as amended

	
Amended and Restated Selling Agreement, dated as of July 29, 2002, among Managed Futures Premier Graham L.P. (formerly Morgan Stanley Charter Graham L.P.), Morgan Stanley Smith Barney Charter Campbell L.P. (formerly Morgan Stanley Charter Campbell L.P.), Morgan Stanley Smith Barney Charter Aspect L.P. (formerly Morgan Stanley Charter MSFCM L.P.), Morgan Stanley Charter Welton L.P., and Morgan Stanley Smith Barney Charter WNT L.P. (formerly Morgan Stanley Charter Millburn L.P.), Morgan Stanley DW Inc., and Ceres Managed Futures LLC (formerly Demeter Management Corporation), as amended

	
Alternative Investment Placement Agent Agreement, dated as of October 1, 2011, by and among Managed Futures Premier Aventis L.P. (and such other partnerships listed on Schedule 1 thereto), Ceres Managed Futures LLC, and Morgan Stanley Smith Barney LLC

	
Amended and Restated Selling Agreement, dated as of March 7, 2000, among Morgan Stanley Smith Barney Spectrum Currency and Commodity L.P. (formerly Morgan Stanley Dean Witter Spectrum Currency L.P.), Morgan Stanley Smith Barnery Spectrum Global Balanced L.P. (formerly Morgan Stanley Dean Witter Spectrum Global Balanced L.P.), Morgan Stanley Smith Barney Spectrum Select L.P. (formerly Morgan Stanley Dean Witter Spectrum Select L.P.), Morgan Stanley Smith Barney Spectrum Strategic L.P. (formerly Morgan Stanley Dean Witter Spectrum Strategic L.P.), Morgan Stanley Smith Barney Spectrum Technical L.P. (formerly Morgan Stanley Dean Witter Spectrum Technical L.P.), Morgan Stanley Dean Witter Spectrum Commodity L.P., Dean Witter Reynolds Inc., and Ceres Managed Futures LLC (formerly Demeter Management Corporation), as amended

	
Alternative Investment Placement Agent Agreement, by and among Managed Futures Premier BHM L.P. (formerly BHM Discretionary Futures Fund L.P.), Ceres Managed Futures LLC, and Morgan Stanley Smith Barney LLC, as amended

	
Placement Agreement, dated as of June 30, 1999, between Morgan Stanley & Co. Incorporated, Morgan Stanley Dean Witter Strategic Alternatives, L.L.C., Morgan Stanley Strategic Alternatives L.P., and Demeter Management Corporation, as amended by the Additional Placement Agreement, dated as of August 31, 1999, between Morgan Stanley & Co. Incorporated, Morgan Stanley Dean Witter Strategic Alternatives, L.L.C., Morgan Stanley Strategic Alternatives L.P., Demeter Management Corporation, and Dean Witter Reynolds, Inc., as amended

 

 

- 2 -

  

  

  

Schedule 3

 

	
PARTNERSHIP

	
ONGOING PLACEMENT AGENT FEE

	
LV Futures Fund L.P.

	
1/12 of 2.0% per month (2.0% annual) of the net asset value per unit where the limited partner has an aggregate investment of up to $4,999,999; and 1/12 of 0.75% per month (0.75% annual) of the net asset value per unit where the limited partner has an aggregate investment of $5,000,000 or more1

	
Meritage Futures Fund L.P.

	
1/12 of 2.0% per month (2.0% annual) of the net asset value per unit where the limited partner has an aggregate investment of up to $4,999,999; and 1/12 of 0.75% per month (0.75% annual) of the net asset value per unit where the limited partner has an aggregate investment of $5,000,000 or more7

	
Polaris Futures Fund L.P.

	
1/12 of 2.0% per month (2.0% annual) of the net asset value per unit where the limited partner has an aggregate investment of up to $4,999,999; and 1/12 of 0.75% per month (0.75% annual) of the net asset value per unit where the limited partner has an aggregate investment of $5,000,000 or more7

	
Managed Futures Premier BHM L.P.

	
2.0% annual of the net asset value per unit paid on a monthly basis

	
Managed Futures Premier Graham L.P.

	
2.0% annual of the net asset value per unit paid on a monthly basis

	
Managed Futures Premier Aventis L.P.

	
1/12 of 2.0% per month (2.0% annual) of the net asset value per unit

	
Managed Futures Strategic Alternatives, L.P.

	
1/12 of 1.0% per month (1.0% annual) of the net asset value per unit

  

1For the calculation of the aggregate investment for an investor in each of LV Futures Fund L.P., Meritage Futures Fund L.P. and Polaris Futures Fund L.P., the aggregate investment shall equal the total investment by such investor in all three partnerships.

 

- 3 -

  

  

  

Schedule 4

 

	
PARTNERSHIP

	
BROKERAGE FEE

	
Morgan Stanley Smith Barney Charter Aspect L.P.

	
4.0% annually of the net asset value per unit paid on a monthly basis

	
Morgan Stanley Smith Barney Charter Campbell L.P.

	
4.0% annually of the net asset value per unit paid on a monthly basis

	
Morgan Stanley Smith Barney Charter WNT L.P.

	
4.0% annually of the net asset value per unit paid on a monthly basis

	
Morgan Stanley Smith Barney Spectrum Currency and Commodity L.P.

	
3.60% annually of the net asset value per unit paid on a monthly basis

	
Morgan Stanley Smith Barney Spectrum Global Balanced L.P.

	
3.60% annually of the net asset value per unit paid on a monthly basis

	
Morgan Stanley Smith Barney Spectrum Select L.P.

	
4.0% annually of the net asset value per unit paid on a monthly basis

	
Morgan Stanley Smith Barney Spectrum Strategic L.P.

	
4.0% annually of the net asset value per unit paid on a monthly basis

	
Morgan Stanley Smith Barney Spectrum Technical L.P.

	
4.0% annually of the net asset value per unit paid on a monthly basis

 

- 4 -

  

  

  

Appendix A

 

Covered Persons:

 

	
(i)  

	
MSSB and its executive officers and directors and officers participating in the offering of any of the Partnerships;

 

	
(ii)  

	
Morgan Stanley Financial Advisors soliciting investors for the Partnerships on September 23, 2013 and thereafter who receive compensation with respect to such solicitation; and

 

	
(iii)  

	
MSSB’s managing member, Morgan Stanley Smith Barney Holdings LLC (the “Managing Member”), and the Managing Member’s executive officers and directors and officers participating in the offering of any of the Partnerships.

 

 

- 5 -EX-4.2

 Exhibit 4.2 

 
  
 AMENDED AND RESTATED 
 INVESTORS’ RIGHTS AGREEMENT 

GOOD TECHNOLOGY CORPORATION 
 APRIL 15, 2013 

 TABLE OF CONTENTS 

 

									
	 	 	 	 	 	  	Page	 
	1.	 	Registration Rights	  	 	1	  
				
		 	1.1	 	Definitions	  	 	1	  
		 	1.2	 	Company Registration	  	 	3	  
		 	1.3	 	Obligations of the Company	  	 	4	  
		 	1.4	 	Furnish Information	  	 	6	  
		 	1.5	 	Expenses of Registration	  	 	6	  
		 	1.6	 	Underwriting Requirements	  	 	7	  
		 	1.7	 	Delay of Registration	  	 	7	  
		 	1.8	 	Indemnification	  	 	7	  
		 	1.9	 	Reports Under Securities Exchange Act of 1934	  	 	10	  
		 	1.10	 	Form S-3 Registration	  	 	10	  
		 	1.11	 	Assignment of Registration Rights	  	 	12	  
		 	1.12	 	“Market Stand-Off” Agreement	  	 	12	  
		 	1.13	 	Request for Registration	  	 	13	  
		 	1.14	 	Termination of Registration Rights	  	 	15	  
		 	1.15	 	Limitations on Subsequent Registration Rights	  	 	15	  
			
	2.	 	Covenants of the Company	  	 	16	  
				
		 	2.1	 	Delivery of Financial Statements	  	 	16	  
		 	2.2	 	Inspection	  	 	17	  
		 	2.3	 	Termination of Information and Inspection Covenants	  	 	17	  
		 	2.4	 	Right of First Offer	  	 	18	  
		 	2.5	 	Waivers	  	 	19	  
		 	2.6	 	Indemnification Agreements	  	 	19	  
		 	2.7	 	D&O Insurance	  	 	19	  
		 	2.8	 	Board Expenses	  	 	19	  
		 	2.9	 	Termination of Rights	  	 	19	  
			
	3.	 	Miscellaneous	  	 	20	  
				
		 	3.1	 	Successors and Assigns	  	 	20	  
		 	3.2	 	Governing Law	  	 	20	  
		 	3.3	 	Counterparts	  	 	20	  
		 	3.4	 	Titles and Subtitles	  	 	20	  
		 	3.5	 	Notices	  	 	20	  
		 	3.6	 	Expenses	  	 	20	  
		 	3.7	 	Amendments and Waivers	  	 	20	  
		 	3.8	 	Severability	  	 	21	  
		 	3.9	 	Aggregation of Stock	  	 	21	  
		 	3.10	 	Entire Agreement	  	 	21	  
		 	3.11	 	Subsequent Investors	  	 	21	  
		 	3.12	 	Arbitration	  	 	21	  
		 	3.13	 	Prior Agreement	  	 	22	  

 AMENDED AND RESTATED 

INVESTORS’ RIGHTS AGREEMENT 
 THIS AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT (this “Agreement”) is made as of the 15th day of April, 2013, by and among Good Technology Corporation, a Delaware corporation
(the “Company”) and the investors listed on Schedule A hereto (the “Investors”). 

RECITALS 

WHEREAS, certain existing Investors (the “Existing Investors”) hold shares of the Company’s capital stock and
possess registration rights, information rights, rights of first offer, and other rights pursuant to the Amended and Restated Investors’ Rights Agreement dated as of January 17, 2007, among the Company and such Existing Investors, as
amended (the “Prior Agreement”); 
 WHEREAS, the undersigned Existing Investors are, collectively, holders of
at least a majority of the outstanding shares of capital stock that constituted “Registrable Securities” under the Prior Agreement, and, along with the Company, desire to amend and restate the Prior Agreement pursuant to the terms of
Section 3.7 thereunder and to agree to forego the registration rights, information rights, rights of first offer and other rights that the Existing Investors currently hold, and agree to be bound by the rights and obligations provided herein;

 WHEREAS, the Company and certain Investors are parties to the Series C Preferred Stock Purchase Agreement of even date
herewith (the “Purchase Agreement”), pursuant to which such Investors have agreed to purchase shares of the Company’s Series C Preferred Stock (the “Series C Preferred Stock”); and 

WHEREAS, to induce the Investors to enter into the Purchase Agreement and purchase shares of Series C Preferred Stock thereunder,
the Existing Investors and the Company desire to enter into this Agreement with such Investors; 
 NOW, THEREFORE, in
consideration of the mutual promises and covenants set forth herein, the parties hereto hereby agree that the Prior Agreement shall be superseded, amended and restated and shall read in its entirety 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 “Affiliate” means, with respect to any stockholder, a
partner, retired partner, member, or retired member of such stockholder (including spouses, ancestors, lineal descendants and siblings of such persons who acquire Registrable Securities by gift, will or intestate succession) and any corporation,
partnership, limited liability company or other legal entity that controls, is controlled by, or is under common control with such stockholder. 
 (c) 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 which permits inclusion or
incorporation of substantial information by reference to other documents filed by the Company with the SEC. 
 (d) 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. 
 (e) The term “Liquidation Event” shall have the same meaning as set forth in the Restated Certificate (as defined below). 

(f) The term “Major Holder” shall mean (i) any Holder of Series B-1 Preferred Stock, Series B-2 Preferred Stock or
Series B-3 Preferred Stock who, together with such Holder’s Affiliates, holds not less than 5,000,000 shares of Registrable Securities (adjusted to reflect stock splits, stock dividends, combinations, consolidations, recapitalizations and the
like) and (ii) until less than 1,827,040 of Series C Preferred Stock (adjusted to reflect stock splits, stock dividends, combinations, consolidations, recapitalizations and the like) remains outstanding, any Holder of Series C Preferred Stock.

 (g) The term “Information Rights Holder” shall mean (i) any Investor who, together with such
Investor’s Affiliates, owns or has the right to acquire at least 1,827,040 of the shares of Series C Preferred Stock (adjusted to reflect stock splits, stock dividends, combinations, consolidations, recapitalizations and the like) or
(ii) any Existing Investor who, together with such Existing Investor’s Affiliates, holds not less than 1,000,000 shares of Registrable Securities (adjusted to reflect stock splits, stock dividends, combinations, consolidations,
recapitalizations and the like). 
 (h) The term “1934 Act” shall mean the Securities Exchange Act of 1934, as
amended. 
 (i) The term “Qualified Public Offering” shall mean a firmly underwritten, initial public offering
of shares of the Common Stock of the Company; provided, however, that (i) the gross proceeds of such offering are at least $50,000,000 and (ii) the Common Stock of the Company is listed on a nationally recognized exchange. 

(j) The term “register,” “registered,” and “registration” refer to a registration effected by preparing
and filing a registration statement or similar document in 

  
 2 

 
compliance with the Act, and the declaration or ordering of effectiveness of such registration statement or document. 
 (k) The term “Registrable Securities” means (i) the Common Stock issuable or issued upon conversion of the Company’s preferred stock held by Holders and (ii) any Common
Stock of the Company issued as (or issuable upon the conversion or exercise of any warrant, right or other security which is issued as) a dividend or other distribution with respect to, or in exchange for or in replacement of the shares referenced
in (i) 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; provided, however, that Registrable Securities shall not include any
shares of Common Stock for which registration rights have terminated pursuant to Section 1.14 of this Agreement or which have been sold in a private transaction in which the transferor’s rights under this Agreement are not validly assigned
in accordance with this Agreement. 
 (l) The number of shares of “Registrable Securities then outstanding”
shall be determined by the number of shares of Common Stock outstanding which are, and the number of shares of Common Stock issuable pursuant to then exercisable or convertible securities which are, Registrable Securities. 

(m) The term “Restated Certificate” means the Company’s Restated Certificate of Incorporation filed with the
Delaware Secretary of State on or about the date hereof. 
 (n) The term “SEC” shall mean the Securities and
Exchange Commission. 
 (o) The term “SEC Rule 145” shall mean Rule 145 promulgated by the SEC under the Act.

 1.2 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 solely for cash (other than a registration relating solely to the sale of securities to participants in a Company stock plan, a registration relating to an
SEC Rule 145 transaction, a registration on any form which 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 which 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, 

  
 3 

 
subject to the provisions of Section 1.6, cause to be registered under the Act all of the Registrable Securities that each such Holder has requested to be registered. 

(b) Right to Terminate Registration. The Company shall have the right to terminate or withdraw any registration initiated by it
under this Section 1.2 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 1.5 hereof. 
 1.3 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 its best 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 continuously effective for a period equal to the lesser of one hundred twenty (120) days or until the distribution contemplated in the registration statement has
been completed; provided, however, that (i) such 120-day period shall be extended for a period of time equal to the period the Holder refrains from selling any securities included in such registration at the request of an underwriter of Common
Stock (or other securities) of the Company; and (ii) in the case of any registration of Registrable Securities on Form S-3 which are intended to be offered on a continuous or delayed basis, such 120-day period shall be extended, if necessary,
to keep the registration statement effective until all such Registrable Securities are sold, provided that Rule 415, or any successor rule under the Act, permits an offering on a continuous or delayed basis, and provided, further, that
applicable rules under the Act governing the obligation to file a post-effective amendment permit, in lieu of filing a post-effective amendment which (A) includes any prospectus required by Section 10(a)(3) of the Act or (B) reflects
facts or events representing a material or fundamental change in the information set forth in the registration statement, the incorporation by reference of information required to be included in (I) and (H) above to be contained in
periodic reports filed pursuant to Section 13 or 15(d) of the 1934 Act in the registration statement. 
 (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 its best efforts to register and qualify the securities covered by such registration statement under such other securities or
Blue Sky laws of such 

  
 4 

 
jurisdictions as shall be reasonably requested by the Holders; provided that the Company shall not be required in connection therewith or as a condition thereto to qualify to do business or to
file a general consent to service of process in any such states or jurisdictions, unless the Company is already subject to service in such jurisdiction and except as may be required by the Act. 

(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. Each Holder participating in such underwriting shall also enter into and perform its obligations under such an agreement. 

(f) Immediately 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 of the happening of any event as a result of which the registration statement, the prospectus included in such registration statement, or any document incorporated or deemed to be
incorporated therein by reference 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, and at the written request of any such Holder promptly prepare and furnish to such Holder a reasonable number of copies of a post-effective amendment to the registration statement or a supplement to the prospectus or any document
incorporated or deemed incorporated therein by reference so that, as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, such registration statement or prospectus will not contain an untrue statement of
material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. 

(g) Cause all such Registrable Securities registered pursuant to this Section 1 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. 
 (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, or, if such securities are not being sold through underwriters, on the date that the
registration statement with respect to such securities becomes effective, (i) an opinion, dated such date, of 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, addressed to the underwriters, if any, 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 

  
 5 

 
underwriters in an underwritten public offering, addressed to the underwriters, if any, and to the Holders requesting registration of Registrable Securities. 

(j) Make available for inspection by each Holder, any underwriter participating in any distribution pursuant to such registration
statement, and any attorney, accountant or other agent retained by such Holder or underwriter, reasonable access to all financial and other records, pertinent corporate documents and properties of the Company, as such parties may reasonably request,
and cause the Company’s officers, directors and employees to supply all information reasonably requested by any such Holder. 
 (k) Comply with all applicable rules and regulations of the SEC, and make available to its security holders, as soon as reasonably practicable but no later than fifteen (15) months after the
effective date of the registration statement, an earnings statement covering a period of twelve (12) months beginning after the effective date of the registration statement, in a manner which satisfies the provisions of Section 11(a) of
the Act and Rule 158 thereunder. 
 (l) Use its best efforts to keep a Holder’s counsel advised as to the initiation
and progress of any registration under this Section 1, upon the reasonable request in writing by any such Holder’s counsel. 
 1.4 Furnish Information. 
 (a) 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 by the Act to effect the registration of such Holder’s Registrable Securities. 

(b) The Company shall have no obligation with respect to any registration requested pursuant to Section 1.10 or Section 1.13
if, due to the operation of subsection 1.4(a), the number of shares or the anticipated aggregate offering price of the Registrable Securities to be included in the registration does not equal or exceed the number of shares or the anticipated
aggregate offering price required to originally trigger the Company’s obligation to initiate such registration as specified in Section 1.10 or Section 1.13, as applicable. 

1.5 Expenses of Registration. The Company shall bear and pay all expenses incurred in connection with any registration,
filing or qualification of Registrable Securities with respect to the registrations pursuant to Section 1.2, Section 1.10 and Section 1.13 for each Holder (which rights may be assigned as provided in Section 1.11), including
(without limitation) all registration, filing, and qualification fees, printers and accounting fees relating or apportionable thereto, and the fees and disbursements of counsel for the Company and one counsel for the selling Holders selected by them
in an amount not to exceed $20,000, but excluding underwriting discounts and commissions relating to Registrable Securities. 

  
 6 

 
Notwithstanding the foregoing, the Company shall not be required to pay for any expenses of any registration proceeding begun pursuant to Section 1.10 or Section 1.13 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 on the number of Registrable
Securities that were to be included in the withdrawn registration), 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 1.10 or Section 1.13 and shall not be deemed to have requested a registration. 
 1.6 Underwriting Requirements. In connection with any offering involving an underwriting of shares of the Company’s capital stock, the Company shall not be required under Section 1.2
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 then, with respect to a registration under Section 1.2, 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 registration under Section 1.2 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, which the underwriters determine in their sole discretion will not
jeopardize the success of the offering. The Company shall so advise all Holders of securities requesting registration, and the number of shares of securities that are entitled to be included in the registration and underwriting shall be reduced, as
follows: (i) first, shares requested to be included by stockholders that do not have registration rights, (ii) second, shares requested to be included by the Holders of Series B-1 Preferred Stock, Series B-2 Preferred Stock or Series B-3
Preferred Stock, and (iii) third, the Registrable Securities. Notwithstanding the foregoing, no such reduction shall reduce the value of the Registrable Securities of the Holders included in such registration below thirty-three percent
(33%) of the total value of securities included in such registration, unless such offering is the initial public offering of the Company’s securities, such registration does not include shares of any other selling stockholders and the
underwriters make the determination described above, in which event any or all of the Registrable Securities of the Holders may be excluded. 
 1.7 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. 
 1.8 Indemnification. In the
event any Registrable Securities are included in a registration statement under this Section 1: 

  
 7 

 (a) To the extent permitted by law, the Company will indemnify and hold harmless each
Holder, each of such Holder’s officers, directors, stockholders and partners, such Holder’s legal counsel and accountants, any underwriter (as defined in the Act) for such Holder and each person, if any, who controls such Holder or
underwriter within the meaning of the Act or the 1934 Act, against any expenses, losses, claims, damages, or liabilities (joint or several) to which they may become subject under the Act, the 1934 Act or other federal or state law or any rule or
regulation promulgated under the Act, insofar as such expenses, 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 and any document incorporated or deemed incorporated therein by reference, (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, (iii) any violation or alleged violation by the Company of the Act, the 1934 Act, any state securities law or any rule or regulation promulgated under the Act, the 1934 Act or any state securities law or common law or (iv) a
breach of the representations in the underwriting agreement; and the Company will pay to each such Holder, underwriter, controlling person or other aforementioned person any legal or other expenses reasonably incurred by them in connection with
investigating or defending or settling any such loss, claim, damage, liability, or action as such expenses are incurred; provided, however, that the indemnity agreement contained in this subsection 1.8(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 that it arises out of or is based upon a Violation which occurs in reliance upon and in conformity with written information furnished expressly for use in connection with such registration by
any such Holder, underwriter, controlling person or other aforementioned person. 
 (b) To the extent permitted by law, each
selling Holder will, severally and not jointly, 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, any underwriter, any other Holder selling securities in such registration statement and any controlling person of any such underwriter or other Holder, against any expenses, 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 other federal or state law or any rule or regulation promulgated under the Act, insofar as such losses, expenses, claims, damages, or liabilities (or actions in respect
thereto) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) that such Violation occurs in reliance upon and in conformity with written information furnished by such Holder expressly for use in
connection with such registration; and each such Holder will pay any legal or other expenses reasonably incurred by any person intended to be indemnified pursuant to this subsection 1.8(b), in connection with investigating or defending or settling
any such loss, claim, damage, liability, or action as such expenses are incurred; provided, however, that the indemnity agreement contained 

  
 8 

 
in this subsection 1.8(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 Holders,
(which consent shall not be unreasonably withheld); provided, that, in no event shall any indemnity under this subsection 1.8(b), when combined with any amounts paid to such Holder pursuant to Section 1.8(d), exceed the net proceeds from the
offering received by such Holder. 
 (c) Promptly after receipt by an indemnified party under this Section 1.8 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 1.8, deliver to the indemnifying party a written
notice of the commencement thereof and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense thereof
with counsel mutually satisfactory to the parties; provided, however, that an indemnified party (together with all other indemnified parties which may be represented without conflict by one counsel) shall have the right to retain one separate
counsel, with the 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 liability to the indemnified party under this Section 1.8 to the extent of such prejudice, 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 1.8. 
 (d) If the
indemnification provided for in this Section 1.8 is held by a court of competent jurisdiction to be unavailable to an indemnified party with respect to any loss, liability, claim, damage or expense referred to therein, then the indemnifying
party, in lieu of indemnifying such indemnified party hereunder, shall contribute to the amount paid or payable by such indemnified party as a result of such loss, liability, claim, damage or expense in such proportion as is appropriate to reflect
the relative fault of the indemnifying party on the one hand and of the indemnified party on the other in connection with the statements or omissions that resulted in such loss, liability, claim, damage or expense as well as any other relevant
equitable considerations; provided, that in no event shall any contribution by a Holder under this Section 1.8(d), when combined with any amounts paid by such Holder pursuant to Section 1.8(b), exceed the net proceeds from the offering
received by such Holder. The relative fault of the indemnifying party and of the indemnified party shall be determined by reference, among other things, to whether the untrue or alleged untrue statement of a material fact or the omission or alleged
omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or
omission. 
 (e) Notwithstanding the foregoing, to the extent that the provisions on indemnification and contribution contained
in the underwriting agreement entered 

  
 9 

 
into in connection with the underwritten public offering are in conflict with the foregoing provisions, as between the Company and the Holders the provisions in this Agreement shall control.

 (f) The obligations of the Company and Holders under this Section 1.8 shall survive the completion of any offering of
Registrable Securities in a registration statement under this Section 1, and otherwise. 
 1.9 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 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 or any subsequently adopted rule, at all times after ninety (90) days after the effective date of the first registration statement filed by the Company
for the offering of its securities to the general public; 
 (b) take such action, including the voluntary registration of its
Common Stock under Section 12 of the 1934 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; 
 (c) file with the SEC in a timely manner all reports and other documents required of the Company under the Act and the 1934 Act; 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 or after the Company becomes subject to
the reporting requirements of the 1934 Act), 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 which permits the selling of any such securities without registration or pursuant to such form. 
 1.10 Form S-3 Registration. In case the Company shall receive from the Holders of at least ten percent (10%) of the Registrable Securities then outstanding a written request or requests
that the Company effect a registration on Form S-3 and any related qualification or compliance with respect to all or a part of the Registrable Securities owned by such Holder or Holders, the Company will: 

  
 10 

 (a) promptly give written notice of the proposed registration, and any related
qualification or compliance, to all other Holders; and 
 (b) as soon as practicable, effect such registration and all such
qualifications and compliances as may be so requested and as would permit or facilitate the sale and distribution of all or such portion of such Holder’s or Holders’ Registrable Securities as are specified in such request, together with
all or such portion of the Registrable Securities of any other Holder or Holders joining in such request as are specified in a written request given within 15 days after receipt of such written notice from the Company, subject, however, to the
limitations set forth in Section 1.13(b) if the offering involves an underwriting (which provisions of Section 1.13(b) shall apply to offerings under this Section 1.10); provided, however, that the Company shall not be obligated to
effect any such registration, qualification or compliance, pursuant to this Section 1.10: (1) if Form S-3 is not available for such offering by the Holders; (2) 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 $3,000,000;
(3) if the Company shall furnish to the Holders a certificate signed by the Company’s Chief Executive Officer or Chairman of the Board of Directors of the Company (the “Board”) stating that in the good faith judgment of
the Board, 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 ninety (90) days after receipt of the request of the Holder or Holders under this Section 1.10; provided, however, that the Company shall not utilize this right more than once in any twelve month period; and
provided further that the Company shall not register any securities for the account of itself or any other stockholder during such ninety (90) day period (other than a registration relating solely to the sale of securities of participants in a
Company stock plan, 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); (4) if the Company has, within the twelve (12) month period preceding the date of such request, already
effected two registrations on Form S-3 for the Holders pursuant to this Section 1.10; or (5) 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, unless the Company is already qualified to do business and subject to service of process in such jurisdiction and except as may be required under the Act. 

(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. 
 (d) Any
registrations effected pursuant to this Section 1.10 shall not be counted as a registration effected pursuant to Section 1.13. 

  
 11 

 (e) A registration shall not constitute a registration on Form S-3 until it has become
effective and remains continuously effective for the period of the distribution contemplated thereby (determined as provided in Section 1.3 hereof); provided, however, that a registration shall not constitute a registration on Form S-3 if
(x) after such registration has become effective, such registration of the related offer, sale or distribution of Registrable Securities thereunder is interfered with by any stop order, injunction or other order or requirement of the SEC or
other governmental agency or court for any reason not attributable to the Holders initiating the registration hereunder and such interference is not thereafter eliminated or (y) the conditions specified in the underwriting agreement, if any,
entered into in connection with such registration are not satisfied or waived, other than by reason of a failure by the Holders initiating the registrations hereunder. 
 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, 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) that 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 1.12 below; (c) that such transferee or assignee (i) is an Affiliate, (ii) is a family member or trust for the benefit of any individual holder, or (iii) acquires at least 1,000,000 shares (adjusted to
reflect stock splits, stock dividends, combinations, consolidations, recapitalizations and the like) of Registrable Securities (provided that such number threshold may be reduced in any particular instance with the written consent of the Company);
and (d) 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. For the purposes of determining the number of shares of
Registrable Securities held by a transferee or assignee, the holdings of Affiliates shall be aggregated together. 
 1.12
“Market Stand-Off” Agreement. Each Investor hereby agrees that, during the period of duration specified by the Company and the managing underwriter of Common Stock or other securities of the Company, following the effective
date of a registration statement of the Company filed under the Act, it shall not, to the extent requested by the Company and such underwriter, (1) 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 now owned by the undersigned or are hereafter acquired), or (2) 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 (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise (other than to donees who agree to be similarly
bound) except Common Stock included in such registration; provided, however, that: 

  
 12 

 (a) such agreement shall be applicable only to the first such registration statement of the
Company which covers Common Stock (or other securities) to be sold on its behalf to the public in an underwritten offering; 

(b) all executive officers and directors of the Company and holders of at least one percent (1%) of the Company’s securities
enter into similar agreements; 
 (c) such market stand-off time period shall (i) not exceed 180 days, (ii) not apply
to any securities acquired in a subject offering, and (iii) not apply to any securities acquired in the open market following such offering; and 
 (d) no executive officer, director, holder of at least one percent (1%) of the Company’s securities or holder of Preferred Stock may be released from any obligation under the provisions of this
Section 1.12 or any similar agreement between such person and the Company and/or an underwriter unless all holders of Preferred Stock are also released with respect to such shares on a pro rata basis based on the number of shares of Preferred
stock held by such holder. 
 In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions with
respect to the Common Stock of each Investor (and the shares or securities of every other person subject to the foregoing restriction) until the end of such period. 
 Notwithstanding the foregoing, the obligations described in this Section 1.12 shall not apply to a registration relating solely to employee benefit plans on Form S-1 or Form S-8 or similar forms
which may be promulgated in the future, or a registration relating solely to a Commission Rule 145 transaction on Form S-4 or similar forms which may be promulgated in the future. 

1.13 Request for Registration.
 (a) Subject to the conditions of this Section 1.13, if the Company shall receive at any time after the earlier of (i) October 15, 2014 or (ii) six (6) months after the effective
date of a Qualified Public Offering, a written request from the holders of twenty percent (20%) or more 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 $15,000,000, 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 1.13, use commercially 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 1.13(a); provided, however, that, simultaneously with the filing of such Registration Statement, the
Initiating Holders must vote to convert all of the issued and outstanding shares of Preferred Stock of the Company to Common Stock (or, in the alternative, must elect to convert such Initiating Holder’s shares to Common Stock), as provided in
the Restated Certificate 

  
 13 

 
(provided that any such election may be contingent on and subject to the closing of any such offering). 
 (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 1.13 and the Company shall include such information in the written notice referred to in Section 1.13(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 1.13, 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). In no
event shall any Registrable Securities be excluded from such underwriting unless all other securities are first excluded. 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 1.13: 

(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 initiated two such registrations pursuant to this Section 1.13, and such registrations have been declared or ordered effective; or 

(iii) during the period starting with the date forty-five (45) 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 1.2 hereof, provided that the Company delivers a certificate signed by the
Company’s Chief Executive Officer within thirty (30) days of the written request for registration stating the same and the Company is actively employing in good faith all reasonable efforts to cause such registration statement to become
effective; or 

  
 14 

 (iv) if the Company has already effected a registration under this Section 1.13 within
the previous twelve (12) months; or 
 (v) if the Initiating Holders propose to dispose of Registrable Securities that may
be registered on Form S-3 pursuant to Section 1.10 hereof; or 
 (vi) if the Company shall furnish to Holders requesting a
registration statement pursuant to this Section 1.13, 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, 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 ninety (90) 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; and provided further that the Company shall not register any securities for the account of itself
or any other stockholder during such ninety (90) day period (other than a registration relating solely to the sale of securities of participants in a Company stock plan, 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). 
 1.14 Termination of Registration Rights. The right of any Holder to
request registration or inclusion in any registration pursuant to Section 1.2, Section 1.10 and Section 1.13 shall terminate upon the earlier of (a) five (5) years following the consummation of the first firmly underwritten
public offering of shares of Common Stock of the Company registered under the Act pursuant to a registration statement on Form S-1, (b) consummation of a Liquidation Event, or (c) 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 in any three (3)-month period without registration in compliance with Rule 144 of the
Act, provided that the Company give the Holder fifteen (15) days written notice of such termination of rights. 
 1.15
Limitations on Subsequent Registration Rights.
 (a) From and after the date of this Agreement, the Company shall not,
without the prior written consent of the Holders of a majority of the Registrable Securities then outstanding, enter into any agreement with any holder or prospective holder of any securities of the Company which would (i) allow such holder or
prospective holder (A) to include any of the Company’s securities in any registration filed under Section 1.13 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 its or his securities will not reduce the amount of Registrable Securities of the Holders which is included in the registration or (B) to make a demand registration which could result in a
registration statement being declared effective prior to the earlier of either of the dates set forth in Section 1.13(a) or 

  
 15 

 
within one hundred twenty (120) days of the effective date of any registration effected pursuant to Section 1.13; or (ii) give such holder or prospective holder any
“piggyback” registration rights superior to those provided to the holders by Section 1.2 of this Agreement. 

(b) From and after the date of the date of this Agreement, no future registration rights may be granted without the consent of a
majority of the Holders, unless such rights are subordinate to those of the Holders. 
 (c) Notwithstanding subsections
(a) and (b) above, if, after the date hereof, (1) a majority of the Board approves the grant of registration rights substantially identical to the registration rights contained in this Section 1 to a person (a “Future
Party”) in connection with Common Stock (or stock or other securities convertible into or exercisable for, either directly or indirectly, Common Stock) then held or issuable to such Future Party and (2) the Company receives the written
consent of the Holders of a majority of the Registrable Securities approving the grant of registration rights to such Future Party, then such Future Party shall become a party hereto and shall be included within the definition of “Holder”
hereof, and the Common Stock issued or issuable, directly or indirectly, to such party shall, to the extent and amounts approved, be included within the definition of “Registrable Securities” upon the execution of a counterpart signature
page hereto by such Future Party. 
 2. Covenants of the Company.

2.1 Delivery of Financial Statements. Except as provided in Section 2.1(f), the Company shall deliver to each
Information Rights Holder: 
 (a) as soon as practicable, but in any event within one hundred twenty (120) 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 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 sixty (60) days after the end of each of the first
three (3) quarters of each fiscal year of the Company, an unaudited profit or loss 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 within thirty (30) days of the beginning of each fiscal year (or on such later date as
an annual operating plan, a statement of financial projections or a projected budget shall have been approved by the Board), an annual operating plan, a statement of financial projections and a projected budget approved by the Board for such fiscal
year; 
 (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 

  
 16 

 
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
Information Rights Holder or any assignee of the Information Rights Holder may from time to time request; provided, however, that the Company shall not be obligated under this subsection (e) to provide information which it deems in good faith
to be a trade secret or similar confidential information. In addition, the Company shall not be obligated under this subsection (e) or any other subsection of Section 2.1 to provide information to investors who are deemed, in the good
faith of the Board, to be direct competitors of the Company. Each Holder acknowledges that the information received by them pursuant to this Agreement is confidential and for its use only, and each Holder will not trade on the basis of such
confidential information nor use such confidential information in any way in violation of the Exchange Act or reproduce, disclose or disseminate such information to any other person (other than the Holder’s employees or agents having a need to
know the contents of such information, and its attorneys), except in connection with the exercise of rights under this Agreement, unless the Company has made such information available to the public generally. 

(f) Notwithstanding anything to the contrary herein, the Company shall not be obligated under this Agreement (including under Sections
2.1(c), 2.1(e) or 2.2 hereof) to provide financial projections, projected budgets or other forward-looking information (collectively, “Projections”) to any holder of Series B-2 Preferred Stock or Series B-3 Preferred Stock, unless
both (i) such holder of Series B-2 Preferred Stock or Series B-3 Preferred Stock obtains a right to receive such Projections in his, her or its capacity as an Information Rights Holder or otherwise and (ii) regardless of the existence of
any such contractual right, the Company actually delivers any Projections to any holder of Series B-1 Preferred Stock that is a party to this Agreement, other than parties entitled to appoint members to the Board and other than parties with Board
observer rights. 
 2.2 Inspection. The Company shall permit each Information Rights Holder, at such Information
Rights Holder’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 Information Rights Holder; provided, however, that the Company shall not be obligated pursuant to this Section 2.2 to provide access to any information which the Board reasonably considers to be a trade secret or similar
confidential information. In addition, the Company shall not be obligated under this Section 2.2 to provide information to investors who are deemed, in the good faith of the Board, to be direct competitors of the Company. 

2.3 Termination of Information and Inspection Covenants. The covenants set forth in Sections 2.1 and 2.2 shall
terminate as to the Information Rights Holders 

  
 17 

 
and be of no further force or effect when the sale of securities pursuant to a registration statement filed by the Company under the Act in connection with the firm commitment underwritten
offering of its securities to the general public is consummated 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. 

2.4 Right of First Offer. Subject to the terms and conditions specified in this Section 2.4, the Company hereby grants
to each Major Holder 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, a Major Holder includes Affiliates of a Major Holder. A Major Holder shall be
entitled to apportion the right of first offer hereby granted it among itself and its Affiliates in such proportions as it deems appropriate. 
 Each time the Company proposes to offer any shares of, or securities directly or indirectly convertible into or exercisable for any shares of, any class of its capital stock (the
“Shares”), the Company shall first make an offering of such Shares to each Major Holder in accordance with the following provisions: 
 (a) The Company shall deliver a notice by certified mail (the “Notice”) to the Major Holders 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) Within twenty
(20) calendar days after receipt of the Notice, the Major Holder may elect to purchase or obtain, at the price and on the terms specified in the Notice, up to that portion of such Shares which equals the proportion that the number of shares of
Common Stock issued and held, or issuable upon conversion of the Preferred Stock then held by such Major Holder bears to the total number of shares of Common Stock of the Company then outstanding (assuming full conversion and exercise of all
convertible or exercisable securities) (the Major Holder’s “Pro Rata Share”). The Company shall promptly, in writing, inform each Major Investor that elects to purchase all the shares available to it (a
“Fully-Exercising Investor”) of any other Major Investor’s failure to do likewise. During the ten (10) day period commencing after such information is given, each Fully-Exercising Investor may elect to purchase its Pro
Rata Share of the Shares for which Major Investors were entitled to subscribe but which were not subscribed for by the Major Investors. 
 (c) If all Shares that Major Holders 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 60-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 30 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 Holders in accordance herewith. 

  
 18 

 (d) The right of first offer in this Section 2.4 shall not be applicable (i) to
the issuance or sale of securities to employees, consultants or directors of the Company directly or pursuant to a stock option plan or restricted stock plan approved by the Board (including at least three Preferred Directors, as such term is
defined in the Restated Certificate), (ii) to or after consummation of a Qualified Public Offering, (iii) to the issuance of securities pursuant to the conversion or exercise of convertible or exercisable securities or in connection with a
stock split, recapitalization, stock dividend or other ratable distribution of property or similar transaction approved by the Board (including at least three Preferred Directors), (iv) to the issuance of securities in connection with equipment
leasing arrangements, bank financings, business acquisitions or mergers, joint ventures, licensing arrangements, research and development activity, arrangements regarding the distribution or manufacture of the Company’s products or services or
other partnering arrangements which are not primarily for equity financing purposes and are approved by the Board (including at least three Preferred Directors), and (v) to any securities of the Company outstanding as of the date hereof or
securities issued in connection with the exercise or conversion thereof. 
 (e) The right of first offer set forth in this
Section 2.4 may only be assigned or transferred in connection with a transfer that complies with the requirements of Section 1.11 of this Agreement. 
 2.5 Waivers. Each of the undersigned Existing Investors (on their own behalf and on behalf of all parties hereto) hereby irrevocably waives the right of first offer set forth in
Section 2.4 of the Prior Agreement, and all related notice periods or notice rights, with respect to the issuance of Series C Preferred Stock pursuant to the Purchase Agreement. 

2.6 Indemnification Agreements. The Company shall enter into the Company’s standard form of indemnification agreement
with each member of the Board promptly after each such member’s appointment to the Board. 
 2.7 D&O
Insurance. The Company shall maintain after the Closing (as defined in the Purchase Agreement) Director and Officer Insurance in an appropriate amount as determined by the Board. 

2.8 Board Expenses. The Company shall reimburse each non-employee member of the Board for all reasonable out-of-pocket
expenses, including, but not limited to, travel and lodging for attending meetings of the Board (or committees thereof). Such reimbursement shall be paid within thirty (30) days of submission of written request for reimbursement providing
reasonable detail as to the expenses for which reimbursement is sought. 
 2.9 Termination of Rights. The covenants
set forth in Section 2.4, Section 2.6 and Section 2.7 shall terminate and be of no further force and effect immediately prior to the earlier of (a) sale of securities pursuant to a registration statement filed by the Company
under the Act in connection with the firm commitment underwritten offering of its securities to the general public and (b) consummation of a Liquidation Event. 

  
 19 

 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, including counterparts transmitted by facsimile, 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. All notices and other
communications given or made pursuant hereto shall be in writing and shall be deemed effectively given: (i) upon personal delivery to the party to be notified, (ii) when sent by confirmed electronic mail or facsimile if sent during normal
business hours of the recipient; if not, then on the next business day, (iii) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (iv) one (1) day after deposit with
a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be sent to the respective parties at the addresses set forth on the signature pages attached hereto (or at such
other addresses as shall be specified by notice given in accordance with this Section 3.5). 
 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 Amendments and Waivers. 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) with the written consent of the Company and holders of a majority of the Registrable
Securities then outstanding; provided, however, that in the event that such amendment or waiver adversely affects the obligations or rights of any Investor who owns Series C Preferred Stock in a different manner than the other Major Holders,
such amendment or waiver shall also require the written consent of such affected Investor who owns Series C Preferred Stock. A waiver of any term of Section 2.4 of this 

  
 20 

 
Agreement with respect to a particular transaction shall be deemed to apply to all Investors in the same fashion if such waiver does so by its terms, notwithstanding the fact that certain
Investors may nonetheless, by agreement with the Company, purchase securities in such transaction; provided, that, in no event shall a waiver of Section 2.4 of this Agreement apply to the holders of Series C Preferred Stock unless such
holders shall have consented to such waiver. 
 3.8 Severability. Whenever possible, each provision of this
Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be held to be prohibited by or invalid under applicable law, such provision shall be ineffective only to
the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement. 
 3.9 Aggregation of Stock. All shares of Registrable Securities held or acquired by Affiliates shall be aggregated together for the purpose of determining the availability of any rights under
this Agreement. 
 3.10 Entire Agreement. This Agreement constitutes the full and entire understanding and
agreement between the parties with regard to the subjects hereof and thereof. 
 3.11 Subsequent Investors. At such
time as the Company shall duly and validly issue additional shares of Series C Preferred Stock pursuant to the Purchase Agreement to one or more third parties in a manner approved by the Board (a “Subsequent Preferred Holder”),
each such Subsequent Preferred Holder may become a party to this Agreement without the need for any additional consent, approval, signature or other action of any party hereto by executing a counterpart signature page to this Agreement, in the form
attached hereto as Exhibit A, indicating such person’s agreement to become bound by the provisions hereof and to accept the rights and obligations hereunder (upon the Company’s receipt of such signature page, such person shall
be a “Subsequent Investor”). A Subsequent Investor shall be deemed a “New Investor” under this Agreement for any and all purposes and shall be added to Schedule A hereto as such. 

3.12 Arbitration. Any controversy between the parties hereto involving any claim arising out of or relating to the
termination of this Agreement, will be submitted to and be settled by final and binding arbitration in Santa Clara County, California, in accordance with the then current Commercial Arbitration Rules of the American Arbitration Association (the
“AAA”), and judgment upon the award rendered by the arbitrators may be entered in any court having jurisdiction thereof. Such arbitration shall be conducted by three (3) arbitrators chosen by the Company and the Investors.
There shall be limited discovery prior to the arbitration hearing as follows: (a) exchange of witness lists and copies of documentary evidence and documents relating to or arising out of the issues to be arbitrated, (b) depositions of all
party witnesses, and (c) such other depositions as may be allowed by the arbitrators upon a showing of good cause. Depositions shall be conducted in accordance with the California Code of Civil Procedure, the arbitrator(s) shall be required to
provide in writing to the parties the basis for the 

  
 21 

 
award or order of such arbitrator(s), and a court reporter shall record all hearings, with such record constituting the official transcript of such proceedings. 

3.13 Prior Agreement. Upon the effectiveness of this Agreement, the parties hereto who are parties to the Prior Agreement
hereby unconditionally waive, on behalf of themselves and all other parties thereto, any rights such parties thereto may have under the Prior Agreement. Such rights shall be superseded and replaced in their entirety by the rights granted under this
Agreement. 

  
 22 

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

			
	Good Technology Corporation
		
	By:	 	 /s/ Christy Wyatt

		 	Christy Wyatt
		 	President and Chief Executive Officer
		
	Address:	 	430 N. Mary Avenue, Suite 200
		 	Sunnyvale, CA 94085

 SIGNATURE PAGE TO 

AMENDED AND RESTATED INVESTORS’ RIGHTS
AGREEMENT OF 
 GOOD TECHNOLOGY CORPORATION

 
			
	INVESTORS:
	
	Morgan Stanley Expansion Capital LP
		
	By:	 	MS Expansion Capital GP LP,
		 	its General Partner
		
	By:	 	MS Expansion Capital GP Inc.,
		 	its General Partner
		
	By:	 	 /s/ Peter Chung

	Name:	 	Peter Chung
	Title:	 	Managing Director
		
	Address:	 	555 California St., 14th Floor
		 	San Francisco, CA 94104
	
	MS Expansion Co-Investment Vehicle LP
		
	By:	 	MS Expansion Capital GP LP,
		 	its General Partner
		
	By:	 	MS Expansion Capital GP Inc.,
		 	its General Partner
		
	By:	 	 /s/ Peter Chung

	Name:	 	Peter Chung
	Title:	 	Managing Director
		
	Address:	 	555 California St., 14th Floor
		 	San Francisco, CA 94104

 SIGNATURE PAGE TO 

AMENDED AND RESTATED INVESTORS’ RIGHTS
AGREEMENT OF 
 GOOD TECHNOLOGY CORPORATION

 
			
	INVESTORS:
	
	Riverwood Capital Partners L.P.
		
	By:	 	Riverwood Capital L.P., its general partner
		
	By:	 	Riverwood Capital GP Ltd., its general partner
		
	By:	 	 /s/ Chris Varelas

	Name:	 	Chris Varelas
	Title:	 	Managing Partner
		
	Address:	 	c/o Riverwood Capital Management
		 	70 Willow Road, Suite 100
		 	Menlo Park, CA 94025
	
	Riverwood Capital Partners (Parallel – A) L.P.
		
	By:	 	Riverwood Capital L.P., its general partner
		
	By:	 	Riverwood Capital GP Ltd., its general partner
		
	By:	 	 /s/ Chris Varelas

	Name:	 	Chris Varelas
	Title:	 	Managing Partner
		
	Address:	 	c/o Riverwood Capital Management
		 	70 Willow Road, Suite 100
		 	Menlo Park, CA 94025

 SIGNATURE PAGE TO 

AMENDED AND RESTATED INVESTORS’ RIGHTS
AGREEMENT OF 
 GOOD TECHNOLOGY CORPORATION

 
			
	INVESTORS:
	
	Riverwood Capital Partners (Parallel – B) L.P.
		
	By:	 	Riverwood Capital L.P., its general partner
		
	By:	 	Riverwood Capital GP Ltd., its general partner
		
	By:	 	 /s/ Chris Varelas

	Name:	 	Chris Varelas
	Title:	 	Managing Partner
		
	Address:	 	c/o Riverwood Capital Management
		 	70 Willow Road, Suite 100
		 	Menlo Park, CA 94025
	
	Oak Investment Partners X, Limited Partnership
		
	By:	 	Oak Associates X, LLC,
		 	its General Partner
		
	By:	 	 /s/ Bandel L. Carano

		 	Bandel L. Carano, Managing Member
		
	Address:	 	525 University Avenue
		 	Suite 1300
		 	Palo Alto, CA 94301
	
	Oak X Affiliates Fund, Limited Partnership
		
	By:	 	Oak X Affiliates, LLC,
		 	its General Partner
		
	By:	 	 /s/ Bandel L. Carano

		 	Bandel L. Carano, Managing Member
		
	Address:	 	525 University Avenue
		 	Suite 1300
		 	Palo Alto, CA 94301

 SIGNATURE PAGE TO 

AMENDED AND RESTATED INVESTORS’ RIGHTS
AGREEMENT OF 
 GOOD TECHNOLOGY CORPORATION

 
			
	INVESTORS:
	
	Oak Investment Partners X, Limited Partnership
		
	By:	 	Oak Associates X, LLC,
		 	its General Partner
		
	By:	 	 /s/ Bandel L. Carano

		 	Bandel L. Carano, Managing Member
		
	Address:	 	525 University Avenue
		 	Suite 1300
		 	Palo Alto, CA 94301
	
	Oak X Affiliates Fund, Limited Partnership
		
	By:	 	Oak X Affiliates, LLC,
		 	its General Partner
		
	By:	 	 /s/ Bandel L. Carano

		 	Bandel L. Carano, Managing Member
		
	Address:	 	525 University Avenue
		 	Suite 1300
		 	Palo Alto, CA 94301
	
	DRAPER FISHER JURVETSON FUND VI, L.P.
		
	By:	 	 /s/ John Fisher

	Name:	 	John Fisher
	Title:	 	Managing Director

 SIGNATURE PAGE TO 

AMENDED AND RESTATED INVESTORS’ RIGHTS
AGREEMENT OF 
 GOOD TECHNOLOGY CORPORATION

 
			
	INVESTORS:
	
	DRAPER FISHER JURVETSON PARTNERS VI, LLC
		
	By:	 	 /s/ John Fisher

	Name:	 	John Fisher
	Title:	 	Managing Member
	
	DRAPER ASSOCIATES, L.P.
		
	By:	 	 /s/ Timothy C. Draper

	Name:	 	Timothy C. Draper
	Title:	 	General Partner
	
	DRAPER FISHER JURVETSON EPLANET VENTURES L.P.
		
	By:	 	 /s/ John Fisher

	Name	 	: John Fisher
	Title:	 	Managing Director
	
	DRAPER FISHER JURVETSON EPLANET VENTURES GMBH &
CO. KG
		
	By:	 	 /s/ John Fisher

	Name:	 	John Fisher
	Title:	 	Managing Director
	
	DRAPER FISHER JURVETSON EPLANET PARTNERS FUND,
LLC
		
	By:	 	 /s/ John Fisher

	Name:	 	John Fisher
	Title:	 	Managing Member

 SIGNATURE PAGE TO 

AMENDED AND RESTATED INVESTORS’ RIGHTS
AGREEMENT OF 
 GOOD TECHNOLOGY CORPORATION

 
			
	INVESTORS:
	
	Draper Fisher Jurvetson Growth Fund 2006, L.P.
		
	By:	 	Draper Fisher Jurvetson Growth Fund 2006 Partners, L.P.,
		 	its General Partner
		
	By:	 	 /s/ Barry Schuler

	Name:	 	Barry Schuler
	Title:	 	Director
	
	Draper Fisher Jurvetson Partners Growth Fund 2006, LLC
		
	By:	 	 /s/ Barry Schuler

	Name:	 	Barry Schuler
	Title:	 	Authorized Member
		
	Address:	 	2882 Sand Hill Road
		 	Suite 150
		 	Menlo Park, CA 94025

 SIGNATURE PAGE TO 

AMENDED AND RESTATED INVESTORS’ RIGHTS
AGREEMENT OF 
 GOOD TECHNOLOGY CORPORATION

 
			
	INVESTORS:
	
	Meritech Capital Partners II L.P.
		
	By:	 	Meritech Capital Associates II L.L.C., its General Partner
		
	By:	 	Meritech Management Associates II L.L.C., a managing member
		
	By:	 	 /s/ Mike Gordon

		 	Mike Gordon, a managing member
	
	Meritech Capital Affiliates II L.P.
		
	By:	 	Meritech Capital Associates II L.L.C., its General Partner
		
	By:	 	Meritech Management Associates II L.L.C., a managing member
		
	By:	 	 /s/ Mike Gordon

		 	Mike Gordon, a managing member
	
	MCP Entrepreneur Partners II L.P.
		
	By:	 	Meritech Capital Associates II L.L.C.,
		 	its General Partner
		
	By:	 	Meritech Management Associates II L.L.C., a managing member
		
	By:	 	 /s/ Mike Gordon

		 	Mike Gordon, a managing member
		
	Address:	 	245 Lytton Ave
		 	Palo Alto, CA 94301

 SIGNATURE PAGE TO 

AMENDED AND RESTATED INVESTORS’ RIGHTS
AGREEMENT OF 
 GOOD TECHNOLOGY CORPORATION

 
			
	INVESTORS:
	
	Rustic Canyon Ventures SBIC, LP
		
	By:	 	Rustic Canyon Ventures SBIC, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Thomas Unterman

	Name:	 	Thomas Unterman
	Title:	 	Managing Member
	
	Saints Rustic Canyon, LP
		
	By:	 	Saints Rustic Canyon LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Thomas Unterman

	Name:	 	Thomas Unterman
	Title:	 	Managing Director
		
	Address:	 	2425 Olympic Blvd.,
		 	Suite 6050 West
		 	Santa Monica, CA 90404

 SIGNATURE PAGE TO 

AMENDED AND RESTATED INVESTORS’ RIGHTS
AGREEMENT OF 
 GOOD TECHNOLOGY CORPORATION

 SCHEDULE A 

SCHEDULE OF INVESTORS 
 Morgan Stanley Expansion Capital LP 
 MS Expansion Co-Investment Vehicle LP 

Riverwood Capital Partners L.P. 
 Riverwood
Capital Partners (Parallel – A) L.P. 
 Riverwood Capital Partners (Parallel – B) L.P. 

BlueRun Ventures IV, L.P. 
 Peter Weber

 Chris Burke 
 Robert Young

 Aidan Hughes 
 Rafael Laguna

 Moshe Handelsman 
 Cirque Consulting
GmbH 
 Dirk Kanngiesser 
 Hub Angels
Investment Group, Fund III, L.P. 
 Launch Capital 
 RRE Ventures IV, L.P. 
 Novak Biddle Venture Partners V, L.P. 

Rob Soni 
 Jean Hammond 

Agawam Early Stage Investments, LLC 
 JAZ Funds,
LLC 
 Michael Mark 
 Sanjay Jain

 Puneesh Chaudhry 
 Edward Belove

 Ralph E. Stoddard 
 Norman B. Meisner

 John M. Kimpel 
 WinBro Ventures, LLC

 William J. Supple 
 Brad Sprinkle

 Daniel O. Gaquin 
 J. Derek Bergmann

 Beacon Angels (BeAn Investment Fund I, LLC, Series 26, Series 30, Series 35, Series 41) 

George Simmons 
 Erik Pedersen 

Edward Goodwin 
 R. Gregg Stone 

 Ben Littauer 
 Catherine V. Mannick 
 Race Point Capital Fund I, LLC 

Gilbert Syswerda 
 Roy Edelstein 

Lion Rock Investment LLC (James Stuart) 
 Howard
Marson 
 Eric Evans 
 Jeffrey C.
Herrmann and Marcia C. Herrmann JTWROS 
 Avalon Ventures VII, L.P. 
 Industry Ventures Fund IV, L.P. 
 Masthead Venture Partners, L.P. 

Masthead Venture Partners Capital, L.P. 
 Nextel
Data Investments 1, Inc. 
 Venrock Associates V, L.P. 
 Venrock Partners V, L.P. 
 Venrock Entrepreneurs Fund V, L.P. 

Dawn Kikel 
 Eileen Smith 

Keith Zachow 
 Mark Dziewulski 

Sherman Coultas 
 The Francisco Trust 

Adam P. Godfrey 
 Angel Investors (Q), L.P.

 Angel Investors, L.P. 
 Barbara M.
Henagan 
 Barry Fingerhut 
 Belisarious
Corporation 
 Bessec Ventures IV L.P. 

Bessemer Venture Partners IV L.P. 
 Blueprint
Ventures Emerging Communications Opportunities Fund, LLC 
 Blueprint Ventures I Liquidating Trust 

Brimstone Island Co. L.P. 
 Bruce Katz

 BVP IV Special Situations L.P. 

Charles R Stuckey,. Jr. 
 Christopher Gabrieli

 Christopher P. and Cara M. Kovac 

Christopher Zuleeg 
 CMG @ Ventures II, L.L.C.

 Comdisco, Inc. 
 CPQ Holding, Inc.

 David J. Cowan 

 Deer IV & Co. LLC 
 Diane N. McPartlin 
 Dominion Fund IV 
 Draper Associates, L.P. 
 Draper Fisher Jurvetson ePlanet Partners Fund, LLC 

Draper Fisher Jurvetson ePlanet Ventures GmbH & Co. KG 
 Draper Fisher Jurvetson ePlanet Ventures L.P. 
 Draper Fisher Jurvetson Fund VI, L.P. 

Draper Fisher Jurvetson Growth Fund 2006, L.P. 

Draper Fisher Jurvetson Partners Growth Fund 2006, LLC 
 Draper Fisher Jurvetson Partners VI, LLC 
 Edward Park 

Essex Private Placement Fund III-A, LP 
 Essex
Private Placement Fund III-B, LP 
 G&H Partners 
 Gabrieli Family Foundation 
 Gautam A. Prakash 

General Electric Pension Trust 
 Gerald N.
Christopher 
 GKM Generation Fund I, L.P. 
 GKM Newport / NY Venture Capital Fund, L.P. 
 H. Josesph Horowitz & Joele L. Horowitz
Trustees of the Horowitz Family Trust U.D.T. 11/6/89 
 Hardymon Family Limited Partnership 

Hong Bui 
 Howard S. Markowitz 

Industry Ventures Fund IV, L.P. 
 Irwin Lieber

 Itech Partners, L.P. 
 J.P. Morgan
Securities Ltd. 
 Joanna A. Strober 

John G. MacDonald 
 John L. Flannery Jr.

 John Papazian 
 John Templeton

 Kevin & Carol Bohren 

Lawrence Cheng 
 Lysander, LLC 

MCP Entrepreneur Partners II L.P. 
 Meritech
Capital Affiliates II L.P. 
 Meritech Capital Partners II L.P. 
 Michael Francis and Deborah L. Kranz Trust dated 6/30/90 
 Michael I. Barach 

MSD Portfolio LP – Investments 
 Nassau
Farms 

 NEA Presidents Fund, L.P. 
 NEA Ventures 1998, Limited Partnership 
 Neill H. Brownstein 

New Enterprise Associates VII, Limited Partnership 
 Novus Ventures II, L.P. 
 Oak Investment Partners X, Limited Parntership 

Oak X Affiliates Fund, Limited Partnership 

Quentin Corporation 
 Ravi B. Mhatre 

Richard R. Davis 
 Robert H. Buescher 

Robert J.S. Roriston 
 Robert P. Goodman

 Robertson Stephens Inc. 
 Robi L.
Soni 
 Rodney A. Cohen 
 RS
Coinvestment Fund, L.L.C. 
 Rustic Canyon Ventures SBIC, L.P. 
 Saints Rustic Canyon L.P. 
 Sarlo Foundation 

Sclavos 1990 Revocable Trust 
 Steven Williamson

 Stratton Sclavos 
 Stuart Gannes

 The Board of Trustees of the Leland Stanford Junior University (SEVF2) 
 Thomas F. Ruhm 
 Tolmi LLC 
 Treehouse Capital, LLC 
 TWP Visto Investors 

U S West Ventures, Inc. 
 VantagePoint Venture
Partners IV (Q), L.P. 
 VantagePoint Venture Partners IV Principals Fund, L.P. 
 VantagePoint Venture Partners IV, L.P. 
 Venus Investor LP 

Victory Partners A, LP 
 Victory Partners S, LP

 Walden VC II—Side L.P. 

Wheatley Foreign Partners, L.P. 
 Wheatley
Partners, L.P. 
 William T. Burgin 

Woodland Partners 
 Wurtz Family Revocable Trust,
Bradford S. and Lucy V. Wurtz Trustees, DTD 10/24/1996 

 EXHIBIT A 

COUNTERPART SIGNATURE PAGE 
 (SEE NEXT PAGE) 

 IN WITNESS WHEREOF, in connection with the undersigned’s purchase of shares of Preferred Stock of the
Company (or options, warrants or other rights to acquire the same) the undersigned has executed this counterpart signature page to the Amended and Restated Investors’ Rights Agreement of Good Technology Corporation dated April 15, 2013
(the “Agreement”) pursuant to Section 3.11 of the Agreement as of the date written below. The undersigned hereby acknowledges and agrees to be bound by the provisions of the Agreement and to accept the rights and obligations
thereunder. 
  

							
	 	 	 	 	SUBSEQUENT INVESTOR:
				
	Dated:
                            	 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

				
		 		 	Address:

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