Document:

EX-10.4

					
		  	

	  	Exhibit 10.4

 January 31, 2021 

Manuel Bronstein 
 manuelbronstein@gmail.com 

Re: Offer of Employment 
 Dear Manuel: 

I am pleased to offer you a position with Roblox Corporation, a Delaware corporation (the “Company”), as Chief Product Officer. If you decide to join
us, you will receive an annual wage of $550,000, which will be paid semi-monthly in accordance with the Company’s normal payroll procedures. As an employee, you will also be eligible to receive certain employee benefits including those
explained in Exhibit A. You should note that the Company may modify job titles, salaries and benefits from time to time as it deems necessary. 
 In
addition, if you decide to join the Company, it will be recommended at the first meeting of the Company’s Board of Directors (or its designated committee) following the later of your start date or the date the Company’s Class A Common
Stock is first traded on the New York Stock Exchange, that the Company grant you restricted stock units (“RSUs”) covering 850,000 shares of the Company’s Class A Common Stock. The shares subject to such RSU grant will vest over
four (4) years in accordance with the following vesting schedule: (i) on the first Quarterly Vesting Date that is on or after the three (3)-month anniversary of your start date (such Quarterly Vesting Date, the “First Vesting
Date”), as to that number of RSUs equal to 850,000 multiplied by a fraction with a numerator equal to the number of completed months between your start date and the First Vesting Date and a denominator equal to 48, rounded down to the nearest
whole share; (ii) as to 1/16th of the RSUs vesting on each of the next fourteen (14) Quarterly Vesting Dates thereafter, or, if on any such Quarterly Vesting Date, less than 1/16th of the RSUs remain unvested, as to any remaining unvested RSUs; and (iii) as to any remaining unvested RSUs on the next Quarterly Vesting Date thereafter, all subject to your continuing
employment with the Company. For purposes of this letter, “Quarterly Vesting Date” means the first trading day on or after each of February 20, May 20, August 20, and November 20. This RSU grant shall be subject to the terms
and conditions of the Company’s Equity Incentive Plan and RSU Agreement, including vesting requirements. No right to any shares of Class A stock is earned or accrued until such time that vesting occurs, nor does the grant confer any right
to continue vesting or employment. 
 In connection with your employment, you will be eligible to enter into the Change in Control Severance Agreement
attached hereto as Exhibit B (the “Severance Agreement”). The Severance Agreement specifies the severance payments and benefits you may become entitled to receive in connection with certain qualifying terminations of your employment
with the Company. In order to be eligible to receive any benefits under the Severance Agreement, you must sign and deliver the Severance Agreement to the Company. 
  

 

 

 
  
 The Company is excited about your joining and looks
forward to a beneficial and productive relationship. Nevertheless, you should be aware that your employment with the Company is for no specified period and constitutes at-will employment. As a result, you are
free to resign at any time, for any reason or for no reason. Similarly, the Company is free to conclude its employment relationship with you at any time, with or without cause, and with or without notice. We request that, in the event of
resignation, you give the Company at least two-week notice. 
 The Company reserves the right to conduct background
investigations and/or reference checks on all of its potential employees. Your job offer, therefore, is contingent upon a clearance of such a background investigation and/or reference check, if any. 

For purposes of federal immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility for employment
in the United States. Such documentation must be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be terminated. 

We also ask that, if you have not already done so, you disclose to the Company any and all agreements relating to your prior employment that may affect your
eligibility to be employed by the Company or limit the manner in which you may be employed. It is the Company’s understanding that any such agreements will not prevent you from performing the duties of your position and you represent that such
is the case. Moreover, you agree that, during the term of your employment with the Company, you will not engage in any other employment, occupation, consulting or other business activity directly related to the business in which the Company is now
involved or becomes involved during the term of your employment, nor will you engage in any other activities that conflict with your obligations to the Company. Similarly, you agree not to bring any third party confidential information to the
Company, including that of your former employer, and that in performing your duties for the Company you will not in any way utilize any such information. 

As a Company employee, you will be expected to abide by the Company’s rules and standards. Specifically, you may be required to sign an acknowledgment
that you have read and that you understand the Company’s rules of conduct and internal policies as may be supplemented and/or amended, which will be provided to you after the commencement of your employment. 

As a condition of your employment, you are also required to sign and comply with an At-Will Employment, Confidential
Information, Invention Assignment and Arbitration Agreement which requires, among other provisions, the assignment of patent rights to any invention made during your employment at the Company, and
non-disclosure of Company proprietary information. In the event of any dispute or claim relating to or arising out of our employment relationship, you and the Company agree that (i) any and all disputes
between you and the Company shall be fully and finally resolved by binding arbitration, (ii) you are waiving any and all rights to a jury trial but all court remedies will be available in arbitration, (iii) all disputes shall be resolved
by a neutral arbitrator who shall issue a written opinion, (iv) the arbitration shall provide for adequate discovery, and (v) the Company shall pay all but the first $125 of the arbitration fees. Please note that we must receive your
signed Agreement before your first day of employment. 

  
 

 

 

 
  
 To accept the Company’s offer, please sign and
date this letter in the space provided below. If you accept our offer, your employment will commence on March 15, 2021. This letter, along with the Severance Agreement and any agreements relating to proprietary rights between you and the
Company, set forth the terms of your employment with the Company and supersede any prior representations or agreements including, but not limited to, any representations made during your recruitment, interviews or
pre-employment negotiations, whether written or oral. This letter, including, but not limited to its at-will employment provision, may not be modified or amended except
by a written agreement signed by the Company and you. This offer of employment will terminate if it is not accepted, signed and returned within two (2) business days of January 31, 2021 or if your employment has not commenced within two
(2) months from January 31, 2021. 
 We look forward to your favorable reply and to working with you at Roblox Corporation. 

 

	
	Sincerely,
	
	/s/ David Baszucki
	David Baszucki

 Agreed to and accepted: 

			
		
	Signature:	 	/s/ Manuel
Bronstein                            

			
		
	Printed Name:	 	Manuel
Bronstein                            

			
		
	Date:	 	January 31,
2021                                        

 Enclosures: 
 At-Will Employment, Confidential Information, Invention Assignment and Arbitration Agreement 
 Exhibit A 

Change in Control Severance Agreement 
 Exhibit B 

  
 

 

 

 
  
 Exhibit A – Benefits

 Roblox offers a health care plan, which you and your dependents will be able to enroll in. 

Roblox has a 401K plan that allows employees to withhold up to the federal maximum and receive a company match on the first 3% of salary and a 50% match for
the next 2%. 

  
 

 

 

 
  
 Exhibit B 

Change in Control Severance AgreementEX-10.5

 Exhibit 10.5 

ROBLOX CORPORATION 

CHANGE IN CONTROL SEVERANCE AGREEMENT 

This Change in Control Severance Agreement (the “Agreement”) is made between Roblox Corporation (the
“Company”) and Manuel Bronstein (the “Executive”), effective as of March 29, 2021 (the “Effective Date”). 

This Agreement provides certain protections to the Executive in connection with a change in control of the Company or in connection with the
involuntary termination of the Executive’s employment under the circumstances described in this Agreement. Certain capitalized terms are defined in Section 7 to the extent not otherwise defined in other Sections of the Agreement. 

The Company and the Executive agree as follows: 

1. Term of Agreement. This Agreement will terminate upon the date that all of the obligations of the parties hereto with respect to this
Agreement have been satisfied. 
 2. At-Will Employment. The Company and the Executive
acknowledge that the Executive’s employment is and will continue to be at-will, as defined under applicable law. 

3. Severance Benefits. 

(a) Qualifying Non-CIC Termination. In the event of a Qualifying
Non-CIC Termination (as defined below), and subject to Sections 5 and 6, the Executive will be eligible to receive the following from the Company: 

(i) Salary Severance. A single, lump sum payment equal to twelve (12) months of the Executive’s Salary (as defined below),
less applicable withholdings. 
 (ii) COBRA Coverage. Subject to Section 3(d), the Company will pay the premiums for coverage
under COBRA (as defined below) for the Executive and the Executive’s eligible dependents, if any, at the rates then in effect, subject to any subsequent changes in rates that are generally applicable to the Company’s active employees (the
“COBRA Coverage”), until the earliest of (A) a period of twelve (12) months from the date of the Executive’s termination of employment, (B) the date upon which the Executive (and the Executive’s
eligible dependents, as applicable) becomes covered under similar plans, or (C) the date upon which the Executive ceases to be eligible for coverage under COBRA. 

(iii) Equity Vesting. In the event of a Qualifying Non-CIC Termination that is a termination
of the Executive’s employment by a Company Group member without Cause and other than by reason of the Executive’s death or Disability and that occurs on or before the six (6) month anniversary of the start date of Executive’s
employment with the Company (such date, the “Employment Anniversary Date”), vesting acceleration as to that number of restricted stock units subject to the restricted stock unit award contemplated in Executive’s offer letter
with the Company that would have vested had Executive remained employed with the Company through the Employment 

 
Anniversary Date (the “Accelerated RSUs”). For purposes of clarification, in the event of a Qualifying Non-CIC Termination that occurs
following the Employment Anniversary Date, a termination that occurs prior to the grant of the restricted stock units contemplated in Executive’s offer letter with the Company, or if Executive resigns for Good Reason, the provisions of this
Section 3(a)(iii) will not apply. 
 (b) Qualifying CIC Termination. In the event of a Qualifying CIC Termination (as defined
below), and subject to Sections 5 and 6, the Executive will be eligible to receive the following from the Company: 
 (i) Salary
Severance. A single, lump sum payment equal to eighteen (18) months of the Executive’s Salary, less applicable withholdings. 

(ii) Bonus Severance. A single, lump sum payment equal to one hundred percent (100%) of the Executive’s target annual bonus as in
effect for the fiscal year in which the Qualifying CIC Termination occurs, multiplied by a fraction, the numerator of which is the number of days between (and including) the start of the fiscal year in which the termination occurs and the date of
termination and the denominator of which is 365, less applicable withholdings. 
 (iii) COBRA Coverage. Subject to
Section 3(d), the Company will provide COBRA Coverage until the earliest of (A) a period of twelve (12) months from the date of the Executive’s termination of employment, (B) the date upon which the Executive (and the
Executive’s eligible dependents, as applicable) becomes covered under similar plans, or (C) the date upon which the Executive ceases to be eligible for coverage under COBRA. 

(iv) Equity Vesting. Vesting acceleration (and exercisability, as applicable) as to one hundred percent (100%) of the then-unvested
shares subject to each of the Company equity awards granted to the Executive that is outstanding as of the date of the Qualifying Termination (each, an “Equity Award”). In the case of an Equity Award that is subject to
performance-based vesting, unless otherwise specified in the applicable Equity Award agreement governing the Equity Award, all performance goals and other vesting criteria will be deemed achieved at one hundred percent (100%) of target levels. For
the avoidance of doubt, in the event of the Executive’s Qualifying Pre-CIC Termination (as defined below), any then outstanding Equity Awards will remain outstanding until the earlier of (x) three
(3) months following the Qualifying Termination or (y) the occurrence of a Change in Control, solely so that any benefits due on a Qualifying Pre-CIC Termination can be provided if a Change in
Control occurs within three (3) months following the Qualifying Termination (provided that in no event will the Executive’s stock options or similar Equity Awards remain outstanding beyond the Equity Award’s maximum term to
expiration). If no Change in Control occurs within three (3) months following a Qualifying Termination, any unvested portion of the Executive’s Equity Awards automatically and permanently will be forfeited on the date three (3) months
following the date of the Qualifying Termination without having vested. 
 (c) Termination Other Than a Qualifying Termination. If
the termination of the Executive’s employment with the Company Group (as defined below) is not a Qualifying Termination, then the Executive will not be entitled to receive the severance payments or other benefits specified in this Agreement.

  
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 (d) Conditions to Receipt of COBRA Coverage. The Executive’s receipt of COBRA
Coverage is subject to the Executive electing COBRA continuation coverage within the time period prescribed pursuant to COBRA for the Executive and the Executive’s eligible dependents, if any. If the Company determines in its sole discretion
that it cannot provide the COBRA Coverage without potentially violating, or being subject to an excise tax under, applicable law (including, without limitation, Section 2716 of the Public Health Service Act), then in lieu of any COBRA Coverage,
the Company will provide to the Executive a taxable monthly payment payable on the last day of a given month, in an amount equal to the monthly COBRA premium that the Executive would be required to pay to continue his or her group health coverage in
effect on the date of his or her Qualifying Termination (which amount will be based on the premium rates applicable for the first month of COBRA Coverage for the Executive and any of eligible dependents of the Executive) (each, a “COBRA
Replacement Payment”), which COBRA Replacement Payments will be made regardless of whether the Executive elects COBRA continuation coverage and will end on the earlier of (x) the date upon which the Executive obtains other employment
or(y) the date the Company has paid an amount totaling the number of COBRA Replacement Payments equal to the number of months in the applicable COBRA Coverage period. For the avoidance of doubt, the COBRA Replacement Payments may be used for any
purpose, including, but not limited, to continuation coverage under COBRA, and will be subject to any applicable withholdings. Notwithstanding anything to the contrary under this Agreement, if the Company determines in its sole discretion at any
time that it cannot provide the COBRA Replacement Payments without violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Executive will not receive the COBRA Replacement Payments or any
further COBRA Coverage. 
 (e) Non-Duplication of Payment or Benefits. For purposes of clarity, in the event of a Qualifying Pre-CIC Termination, any severance payments and benefits to be provided to the Executive under Section 3(b) will be reduced by any amounts that already were provided to the Executive under Section 3(a).
Notwithstanding any provision of this Agreement to the contrary, if the Executive is entitled to any cash severance, continued health coverage benefits, or vesting acceleration of any Equity Awards (other than under this Agreement) by operation of
applicable law or under a plan, policy, contract, or arrangement sponsored by or to which any member of the Company Group is a party in connection with the Executive’s separation (“Other Benefits”), then the corresponding
severance payments and benefits under this Agreement will be reduced by the amount of Other Benefits paid or provided to the Executive. 

(f) Death of the Executive. In the event of the Executive’s death before all payments or benefits the Executive is entitled to
receive under this Agreement have been provided, the unpaid amounts will be provided to the Executive’s designated beneficiary, if living, or otherwise to the Executive’s personal representative in a single lump sum as soon as possible
following the Executive’s death. 
 (g) Transfer Between Members of the Company Group. For purposes of this Agreement, if the
Executive is involuntarily transferred from one member of the Company Group to another, the transfer will not be a termination without Cause but may give the Executive the ability to resign for Good Reason. 

  
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 (h) Exclusive Remedy. In the event of a termination of the Executive’s
employment with the Company Group, the provisions of this Agreement are intended to be and are exclusive and in lieu of any other rights or remedies to which the Executive may otherwise be entitled, whether at law, tort or contract, or in equity.
The Executive will be entitled to no benefits, compensation or other payments or rights upon termination of employment other than those benefits expressly set forth in this Agreement. 

4. Accrued Compensation. On any termination of the Executive’s employment with the Company Group, the Executive will be entitled
to receive all accrued but unpaid vacation, expense reimbursements, wages, and other benefits due to the Executive under any Company-provided plans, policies, and arrangements. For avoidance of doubt, receipt of accrued compensation is not subject
to the Release Requirement discussed in Section 5(a). 
 5. Conditions to Receipt of Severance. 

(a) Separation Agreement and Release of Claims. The Executive’s receipt of any severance payments or benefits upon the
Executive’s Qualifying Termination under Section 3 is subject to the Executive signing and not revoking the Company’s then-standard separation agreement and release of claims (which may include an agreement not to disparage any member
of the Company Group, non-solicit provisions, an agreement to assist in any litigation matters, and other standard terms and conditions) (the “Release” and that requirement, the
“Release Requirement”), which must become effective and irrevocable no later than the sixtieth (60th) day following the date of the Executive’s Qualifying Termination (the
“Release Deadline Date”). If the Release does not become effective and irrevocable by the Release Deadline Date, the Executive will forfeit any right to the severance payments or benefits under Section 3. 

(b) Payment Timing. Any lump sum salary or bonus payments under Sections 3(a)(i), 3(b)(i), and 3(b)(ii) will be provided on the first
regularly scheduled payroll date of the Company following the date the Release becomes effective and irrevocable (the “Severance Start Date”), subject to any delay required by Section 5(d) below. Any taxable installments of any
COBRA-related severance benefits that otherwise would have been made to the Executive on or before the Severance Start Date will be paid on the Severance Start Date, and any remaining installments thereafter will be provided as specified in this
Agreement. Subject to Section 5(d), any restricted stock units, performance shares, performance units, and/or similar full value awards that accelerate vesting under Section 3(a)(iii) or Section 3(b)(iv) will be settled
(x) within ten (10) days following the date the Release becomes effective and irrevocable, or (y) if later, in the event of a Qualifying Pre-CIC Termination, on the date of the Change in
Control.
 (c) Return of Company Property. The Executive’s receipt of any severance payments or benefits upon the
Executive’s Qualifying Termination under Section 3 is subject to the Executive having returned all documents and other property provided to the Executive by any member of the Company Group (with the exception of a copy of the Company
employee handbook and personnel documents specifically relating to the Executive), developed or obtained by the Executive in connection with his or her employment with the Company Group, or otherwise belonging to the Company Group, by no later than
ten (10) days following the date of the Qualifying Termination. 

  
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 (d) Section 409A. The Company intends that all payments and benefits provided under
this Agreement or otherwise are exempt from, or comply with, the requirements of Section 409A of the Code (as defined below) and any guidance promulgated under Section 409A of the Code (collectively,
“Section 409A”) so that none of the payments or benefits will be subject to the additional tax imposed under Section 409A, and any ambiguities in this Agreement will be interpreted in accordance with this
intent. No payment or benefits to be paid to the Executive, if any such payments or benefits, under this Agreement or otherwise, when considered together with any other severance payments or separation benefits that are considered deferred
compensation under Section 409A (together, the “Deferred Payments”) will be paid or otherwise provided until the Executive has a “separation from service” within the meaning of Section 409A. If, at the time of
the Executive’s termination of employment, the Executive is a “specified employee” within the meaning of Section 409A, then the payment of the Deferred Payments will be delayed to the extent necessary to avoid the imposition of
the additional tax imposed under Section 409A, which generally means that the Executive will receive payment on the first payroll date that occurs on or after the date that is six (6) months and one (1) day following the
Executive’s termination of employment. The Company reserves the right to amend this Agreement as it considers necessary or advisable, in its sole discretion and without the consent of the Executive or the consent of any other individual, to
comply with any provision required to avoid the imposition of the additional tax imposed under Section 409A or to otherwise avoid income recognition under Section 409A prior to the actual payment of any benefits or imposition of any
additional tax. Each payment, installment, and benefit payable under this Agreement is intended to constitute a separate payment for purposes of U.S. Treasury Regulation Section 1.409A-2(b)(2). In no
event will any member of the Company Group reimburse, indemnify, or hold harmless the Executive for any taxes, penalties and interest that may be imposed, or other costs that may be incurred, as a result of Section 409A. 

(e) Resignation of Officer and Director Positions. The Executive’s receipt of any severance payments or benefits upon the
Executive’s Qualifying Termination under Section 3 is subject to the Executive having resigned from all officer and director positions with all members of the Company Group and the Executive executing any documents the Company may require
in connection with the same. 
 6. Limitation on Payments. 

(a) Reduction of Severance Benefits. If any payment or benefit that the Executive would receive from any Company Group member or
any other party whether in connection with the provisions in this Agreement or otherwise (the “Payment”) would (i) constitute a “parachute payment” within the meaning of Section 280G of the Code, and
(ii) but for this sentence, be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then the Payment will be equal to the Best Results Amount. The “Best Results Amount” will be
either (x) the full amount of the Payment or (y) a lesser amount that would result in no portion of the Payment being subject to the Excise Tax, whichever of those amounts, taking into account the applicable federal, state and local
employment taxes, income taxes and the Excise Tax, results in the Executive’s receipt, on an after-tax basis, of the greater amount. If a reduction in payments or benefits constituting parachute payments
is necessary so that the Payment equals the Best Results Amount, reduction will occur in the following order: (A) reduction of cash payments in reverse chronological order (that is, the cash payment owed on the latest date following the
occurrence of the event triggering the excise tax will be the first cash 

  
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payment to be reduced); (B) cancellation of Equity Awards that were granted “contingent on a change in ownership or control” within the meaning of Section 280G of the Code in
the reverse order of date of grant of the awards (that is, the most recently granted Equity Awards will be cancelled first); (C) reduction of the accelerated vesting of Equity Awards in the reverse order of date of grant of the awards (that is,
the vesting of the most recently granted Equity Awards will be cancelled first); and (D) reduction of employee benefits in reverse chronological order (that is, the benefit owed on the latest date following the occurrence of the event
triggering the excise tax will be the first benefit to be reduced). In no event will the Executive have any discretion with respect to the ordering of Payment reductions. The Executive will be solely responsible for the payment of all personal tax
liability that is incurred as a result of the payments and benefits received under this Agreement, and the Executive will not be reimbursed, indemnified, or held harmless by any member of the Company Group for any of those payments of personal tax
liability. 
 (b) Determination of Excise Tax Liability. Unless the Company and the Executive otherwise agree in writing, the
Company will select a professional services firm (the “Firm”) to make all determinations required under this Section 6, which determinations will be conclusive and binding upon the Executive and the Company for all purposes.
For purposes of making the calculations required by this Section 6, the Firm may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of
Sections 280G and 4999 of the Code. The Company and the Executive will furnish to the Firm such information and documents as the Firm reasonably may request in order to make determinations under this Section 6. The Company will bear the costs
and make all payments for the Firm’s services in connection with any calculations contemplated by this Section 6. The Company will have no liability to the Executive for the determinations of the Firm. 

7. Definitions. The following terms referred to in this Agreement will have the following meanings: 

(a) “Board” means the Company’s Board of Directors. 

(b) “Cause” means (i) the Executive’s failure to substantially perform his or her material duties and obligations
as an employee (for reasons other than death or Disability), including, without limitation, a breach of the Executive’s At-Will Employment, Confidential Information, Invention Assignment, and Arbitration
Agreement with the Company, which failure is not cured to the reasonable satisfaction of the Board; (ii) the Executive’s failure or refusal to comply with the policies, standards and regulations applicable to all employees established by
the Company from time to time, which failure is not cured to the reasonable satisfaction of the Board; (iii) any act of personal dishonesty, moral turpitude, fraud, embezzlement, misrepresentation, or other unlawful act committed by the
Executive that results in harm to the Company or its affiliates, including financial or reputational, which harm will be determined in the Board’s sole and reasonable discretion; (iv) the Executive’s commission, conviction of or a
plea of guilty or no contest to any felony or any crime involving moral turpitude or dishonesty; or (v) the Executive’s material breach of the terms of this Agreement or any other agreement between the Executive and the Company (or any
affiliate of the Company). With respect to (i) and (ii) above only, the Executive will have ten (10) days to cure following written notice of the Executive’s failure or refusal to perform or comply, provided that whether the
failure is curable will be within the Board’s sole and reasonable discretion. For purposes 

  
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of clarity, a termination without “Cause” does not include any termination that occurs as a result of the Executive’s death or Disability. The determination as to whether
the Executive’s employment has been terminated for Cause will be made in good faith by the Company and will be final and binding on the Executive. The foregoing definition does not in any way limit the Company’s ability to terminate the
Executive’s employment at any time, and the term “Company” will be interpreted to include any subsidiary, parent, affiliate, or any successor thereto, if appropriate. 

(c) “Change in Control” means the occurrence of any of the following events: 

(i) Change in Ownership of the Company. A change in the ownership of the Company which occurs on the date that any one person,
or more than one person acting as a group (“Person”), acquires ownership of the stock of the Company that, together with the stock held by such Person, constitutes more than fifty percent (50%) of the total voting power of the
stock of the Company; provided, however, that for purposes of this subsection, the acquisition of additional stock by any one Person, who is considered to own more than fifty percent (50%) of the total voting power of the stock of the Company
will not be considered a Change in Control. Further, if the stockholders of the Company immediately before such change in ownership continue to retain immediately after the change in ownership, in substantially the same proportions as their
ownership of shares of the Company’s voting stock immediately prior to the change in ownership, direct or indirect beneficial ownership of fifty percent (50%) or more of the total voting power of the stock of the Company or of the ultimate
parent entity of the Company, such event will not be considered a Change in Control under this subsection (i). For this purpose, indirect beneficial ownership will include, without limitation, an interest resulting from ownership of the voting
securities of one or more corporations or other business entities which own the Company, as the case may be, either directly or through one or more subsidiary corporations or other business entities; or 

(ii) Change in Effective Control of the Company. A change in the effective control of the Company which occurs on the date that a
majority of members of the Board is replaced during any twelve (12) month period by members of the Board whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election.
For purposes of this subsection (ii), if any Person is considered to be in effective control of the Company, the acquisition of additional control of the Company by the same Person will not be considered a Change in Control; or 

(iii) Change in Ownership of a Substantial Portion of the Company’s Assets. A change in the ownership of a
substantial portion of the Company’s assets which occurs on the date that any Person acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such Person) assets from the
Company that have a total gross fair market value equal to or more than fifty percent (50%) of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions; provided, however, that
for purposes of this subsection (iii), the following will not constitute a change in the ownership of a substantial portion of the Company’s assets: (A) a transfer to an entity that is controlled by the Company’s stockholders
immediately after the transfer, or (B) a transfer of assets by the Company to: (1) a stockholder of the Company (immediately before the asset transfer) in exchange for or with respect to the Company’s stock, (2) an entity,
fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Company, (3) a Person, that owns, directly or 

  
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indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding stock of the Company, or (4) an entity, at least fifty percent (50%) of the total
value or voting power of which is owned, directly or indirectly, by a Person described in this subsection (iii)(B)(3). For purposes of this subsection (iii), gross fair market value means the value of the assets of the Company, or the value of the
assets being disposed of, determined without regard to any liabilities associated with such assets. 
 For purposes of this definition,
persons will be considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company. 

Notwithstanding the foregoing, a transaction will not be deemed a Change in Control unless the transaction qualifies as a change in control
event within the meaning of Section 409A. 
 Further and for the avoidance of doubt, a transaction will not constitute a Change in
Control if: (x) its primary purpose is to change the jurisdiction of the Company’s incorporation, or (y) its primary purpose is to create a holding company that will be owned in substantially the same proportions by the persons who
held the Company’s securities immediately before such transaction. 
 (d) “Change in Control Period” means the period
beginning three (3) months prior to a Change in Control and ending twelve (12) months following a Change in Control. 
 (e)
“COBRA” means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended. 
 (f) “Code” means
the Internal Revenue Code of 1986, as amended. 
 (g) “Company Group” means the Company and its subsidiaries. 

(h) “Disability” means a total and permanent disability as defined in Section 22(e)(3) of the Code. 

(i) “Good Reason” means the Executive’s resignation due to the occurrence of any of the following conditions which
occurs without the Executive’s written consent, provided that the requirements regarding advance notice and an opportunity to cure set forth below are satisfied: (i) a material reduction in the Executive’s Salary; (ii) a material
adverse change in the Executive’s title, responsibilities or duties provided, however, that a reduction in duties, position or responsibilities solely by virtue of the Company being acquired and made a part of a larger entity (as, for
example, when the Chief Executive Officer of the Company is not made the Chief Executive Officer of the acquiring corporation) will not constitute “Good Reason”; (iii) a change by more than thirty-five (35) miles in the
geographic location at which the Executive must perform services; or (iv) a breach by the Company of a material provision of the Executive’s offer letter with the Company, as modified or this Agreement; provided, however, that no
condition described herein will constitute “Good Reason” for purposes of this Agreement unless (1) the Executive will have first provided written notice to the Board of the existence of the condition within ninety (90) days of
the initial existence of such Good Reason condition; (2) the Board will have failed to remedy the condition within thirty (30) days following the receipt of such notice (the “Cure Period”); (3) the Executive must cooperate
in good 

  
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faith with any efforts by the Company to remedy the Good Reason condition; (4) the Good Reason condition must continue to exist upon completion of the Cure Period; and (5) the date of
termination of employment occurs no more than thirty (30) days after the end of the Cure Period. In no instance will a termination by the Executive be deemed to be for Good Reason for purposes of this Agreement if it becomes effective more than
twelve (12) months following the initial existence of the Good Reason condition. 
 (j) “Qualifying Pre-CIC Termination” means a Qualifying CIC Termination that occurs prior to the date of the Change in Control. 

(k) “Qualifying Termination” means a termination of the Executive’s employment either (i) by a Company Group member
without Cause and other than by reason of the Executive’s death or Disability, or (ii) by the Executive for Good Reason, in either case, during the Change in Control Period (a “Qualifying CIC Termination”) or outside of
the Change in Control Period (a “Qualifying Non-CIC Termination”). 
 (l)
“Salary” means the Executive’s rate of base salary as in effect immediately prior to the Executive’s Qualifying Termination (or if the termination is due to a resignation for Good Reason based on a material reduction in
base salary, then the Executive’s rate of base salary in effect immediately prior to the reduction) or, if the Executive’s Qualifying Termination is a Qualifying CIC Termination and the amount is greater, at the level in effect immediately
prior to the Change in Control. 
 8. Successors. This Agreement will be binding upon and inure to the benefit of (a) the heirs,
executors, and legal representatives of the Executive upon the Executive’s death, and (b) any successor of the Company. Any such successor of the Company will be deemed substituted for the Company under the terms of this Agreement for all
purposes. For this purpose, “successor” means any person, firm, corporation, or other business entity which at any time, whether by purchase, merger, or otherwise, directly or indirectly acquires all or substantially all of the assets or
business of the Company. None of the rights of the Executive to receive any form of compensation payable pursuant to this Agreement may be assigned or transferred except by will or the laws of descent and distribution. Any other attempted
assignment, transfer, conveyance, or other disposition of the Executive’s right to compensation or other benefits will be null and void. 

9. Notice. 
 (a)
General. All notices and other communications required or permitted under this Agreement will be in writing and will be effectively given (i) upon actual delivery to the party to be notified; (ii) upon transmission by email; (iii) twenty-four (24) hours after confirmed facsimile transmission; (iv) one (1) business day after deposit with a recognized overnight courier; or (v) three (3) business days after
deposit with the U.S. Postal Service by first class certified or registered mail, return receipt requested, postage prepaid, addressed (A) if to the Executive, at the address the Executive will have most recently furnished to the Company in
writing, (B) if to the Company, at the following address: 
 Roblox Corporation 

970 Park Place 
 San Mateo, CA
94403 
 Attention: General Counsel 

  
 - 9 - 

 (b) Notice of Termination. Any termination by a Company Group member for Cause will
be communicated by a notice of termination to the Executive, and any termination by the Executive for Good Reason will be communicated by a notice of termination to the Company, in each case given in accordance with Section 9(a) of this
Agreement. The notice will indicate the specific termination provision in this Agreement relied upon, will set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination under the provision so indicated, and
will specify the termination date (which will be not more than thirty (30) days after the later of (i) the giving of the notice, or (ii) the end of any applicable cure period). 

10. Resignation. The termination of the Executive’s employment for any reason will also constitute, without any further required
action by the Executive, the Executive’s voluntary resignation from all officer and/or director positions held at any member of the Company Group, and at the Board’s request, the Executive will execute any documents reasonably necessary to
reflect the resignations. 
 11. Miscellaneous Provisions. 

(a) No Duty to Mitigate. The Executive will not be required to mitigate the amount of any payment contemplated by this Agreement, nor
will any payment be reduced by any earnings that the Executive may receive from any other source except as specified in Section 3(e). 

(b) Waiver; Amendment. No provision of this Agreement will be modified, waived or discharged unless the modification, waiver or
discharge is agreed to in writing and signed by an authorized officer of the Company (other than the Executive) and by the Executive. No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by
the other party will be considered a waiver of any other condition or provision or of the same condition or provision at another time. 

(c) Headings. All captions and section headings used in this Agreement are for convenient reference only and do not form a part of this
Agreement. 
 (d) Entire Agreement. This Agreement constitutes the entire agreement of the parties and supersedes in their entirety
all prior representations, understandings, undertakings or agreements (whether oral or written and whether expressed or implied) of the parties with respect to the subject matter of this Agreement, including, for the avoidance of doubt, any other
employment letter or agreement, change in control severance agreement, severance policy or program, or Equity Award agreement. 
 (e)
Choice of Law. This Agreement will be governed by the laws of the State of California without regard to California’s conflicts of law rules that may result in the application of the laws of any jurisdiction other than California. The
Executive hereby expressly consents to the personal and exclusive jurisdiction and venue of the state and federal courts located in California for any lawsuit filed against the Executive by any member of the Company Group. 

  
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 (f) Severability. The invalidity or unenforceability of any provision or provisions
of this Agreement will not affect the validity or enforceability of any other provision of this Agreement, which will remain in full force and effect. 

(g) Withholding. All payments and benefits under this Agreement will be paid less applicable withholding taxes. The Company is
authorized to withhold from any payments or benefits all federal, state, local, and/or foreign taxes required to be withheld from the payments or benefits and make any other required payroll deductions. No member of the Company Group will pay the
Executive’s taxes arising from or relating to any payments or benefits under this Agreement. 
 (h) Counterparts. This Agreement
may be executed in counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument. 

[Signature page follows.] 

  
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 By its signature below, each of the parties signifies its acceptance of the terms of this
Agreement, in the case of the Company by its duly authorized officer. 
  

							
	COMPANY	 		 	ROBLOX CORPORATION
				
		 		 	By:	 	/s/ David Baszucki        
			
		 		 	Title: Chief Executive Officer
			
		 		 	Date: March 30, 2021
			
	EXECUTIVE	 		 	/s/ Manuel Bronstein
		 		 	MANUEL BRONSTEIN
			
		 		 	Date: March 29, 2021

 [Signature page to Change in Control Severance Agreement] 

  
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