Document:

EX-10.3

 Exhibit 10.3 

Schlumberger Limited 2004 Stock and Deferral Plan for Non-Employee Directors 

(As amended and restated effective January 21, 2021) 

Article I: Purposes of Plan and Definitions 
  

	1.1	 Purpose. Schlumberger Limited, a Curaçao corporation (the “Company”), established this
2004 Stock and Deferral Plan for Non-Employee Directors (as amended to date, the “Plan”) for the purpose of providing non-employee directors of the Company
with regular grants of shares of the common stock of the Company (or units representing the right to receive such shares) and the opportunity to defer a portion of their compensation, in order to provide greater incentives for those non-employee directors to attain and maintain the highest standards of performance, to attract and retain non-employee directors of outstanding competence and ability, to
stimulate the active interest of such persons in the development and financial success of the Company, to further the identity of interests of such non-employee directors with those of the Company’s
stockholders generally, and to reward such non-employee directors for outstanding performance. The Plan was originally established effective April 14, 2004 and approved by the stockholders of the Company
at their April 2004 annual general meeting. Effective April 19, 2007, the Plan was amended and restated to allow a non-employee director to defer the payment of part or all of his or her Cash Compensation
(as defined in Section 1.2). Effective January 19, 2012, the Plan was amended and restated to incorporate previous amendments to the Plan and to make certain other amendments, including increasing the number of shares available for grant
under the Plan. Effective January 17, 2019, the Plan was amended and restated to incorporate previous amendments to the Plan and to make certain other amendments, including increasing the number of shares available for grant under the Plan. The
Plan is hereby amended and restated effective January 21, 2021. 

  

	1.2	 Definitions. 

“Annual Director Award Date” means the last day of the calendar month in which occurs the first Board meeting following the regular
annual general meeting of the stockholders of the Company, or, if the last day of the calendar month is not a business day, then the next business day, or such other date as may be selected by the Committee from time to time. 

“Board of Directors” or “Board” means the Board of Directors of the Company. 

“Cash Compensation” means the total cash compensation that is paid to Eligible Directors for services rendered, including any annual
retainer fees and any annual fees related to committee membership or services as a committee chair. 
 “Committee” means such
committee as is designated by the Board from time to time to administer the Plan in accordance with Article II, or if no such committee is designated, the Board. 

“Common Stock” means the common stock, par value $0.01 per share, of the Company. 

“Deferral Election” is defined in Section 4.1. 

“Deferred Compensation Account” is defined in Section 4.3. 

“Determination Date” means the date on which delivery of a Participant’s deferred Stock Awards or Cash Compensation is made or
commences, as determined in accordance with Section 5.1. 
 “Director” means an individual who is serving as a member of the
Board. 
 “Eligible Director” means each Director who is not an employee of the Company or of any of its subsidiaries. 

“Fair Market Value” means, as of any date, the value of the Common Stock as determined by computing the average of the high and low
composite sales prices per share of Common Stock, as reported on the consolidated transaction reporting system for the New York Stock Exchange for that date, or, if there were no reported prices for that date, the average of the reported high and
low prices on the last preceding date on which composite sales were effected on the New York Stock Exchange. 
 “Money Market
Equivalents” means a phantom investment benchmark that is used to measure the return credited to a Participant’s Deferred Compensation Account. To the extent Money Market Equivalents are elected, interest equivalents will be credited to
the 

 
Participant’s Deferred Compensation Account as of the last day of each calendar month based upon the average daily balance in the account for the month and the IMONEY NET First Tier
Institutional Index benchmark return for the month as determined from Northern Trust or a similar or equivalent index of money fund assets to be determined by the Committee to be in effect from time to time. 

“Participant” means an Eligible Director who is granted Stock Awards pursuant to Article III. 

“Stock Award” means an award of shares of Common Stock, restricted Common Stock or restricted Stock Units pursuant to
Article III. 
 “Stock Unit” means a unit that represents the right to receive one share of Common Stock under such terms and
conditions as may be prescribed by the Committee and the Plan. 
 “S&P 500 Equivalents” means a phantom investment benchmark
that is used to measure the return credited to a Participant’s Deferred Compensation Account. To the extent S&P 500 Equivalents are elected, the earnings (or loss) equivalents will be credited (or debited) to a Participant’s Deferred
Compensation Account as of the last day of each calendar month based upon the balance in the account as of the last day of the month and the returns realized by the Standard & Poor’s 500 Index for the month. 

Article II: Administration of the Plan 
  

	2.1	 Committee. The Plan shall be administered by the Compensation Committee of the Board, unless and until
the Board designates another committee to administer the Plan. 

  

	2.2	 Committee’s Powers. Subject to the provisions hereof, the Committee will have full and exclusive
power and authority to administer the Plan and to take all actions which are specifically contemplated hereby or are, in its discretion, necessary or appropriate in connection with the administration of the Plan. The Committee will also have full
and exclusive power to interpret the Plan and to adopt such rules, regulations, and guidelines for carrying out the Plan as it may deem necessary or proper. The Committee will also have the full and exclusive power to adopt rules, procedures,
guidelines and sub-plans to the Plan relating to the operation and administration of the Plan to accommodate the specific requirements of local laws and procedures in
non-US jurisdictions. The Committee may, in its discretion, determine the eligibility of individuals to participate herein, determine the amount of Stock Awards to be granted to a Participant and the number or
amount of Stock Awards or Cash Compensation a Participant may elect to defer, or waive any restriction or other provision of the Plan. The Committee may, in its discretion, correct any defect or omission, or reconcile any inconsistency in the Plan
in the manner and to the extent the Committee deems necessary or desirable to carry it into effect. 

  

	2.3	 Committee Determinations Conclusive. Any decision of the Committee in the interpretation and
administration of the Plan will lie within its sole and absolute discretion and will be final, conclusive and binding on all parties concerned. 

  

	2.4	 No Committee Member Liability. No member of the Committee or officer of the Company to whom the
Committee has delegated authority in accordance with the provisions of Section 2.5 of the Plan will be liable for anything done or omitted to be done by him or her, by any member of the Committee or by an officer of the Company in connection
with the performance of any duties under the Plan, except for his or her own willful misconduct or as expressly provided by statute. 

  

	2.5	 Delegation of Authority. The Committee may delegate to the Chief Executive Officer and to other senior
officers of the Company its duties under the Plan (other than its granting authority described in Article III) pursuant to such conditions or limitations as the Committee may establish. 

Article III: Stock Awards 
  

	3.1	 Shares Available. There will be available for Stock Awards during the term of the Plan an aggregate of
1,250,000 shares of Common Stock. Shares of Common Stock will be made available from either (a) the Company’s authorized but unissued shares or (b) treasury shares that have been issued but reacquired by the Company.

  

	3.2	 Annual Grants. On each Annual Director Award Date all Eligible Directors as of such Annual Director
Award Date will be granted a Stock Award as compensation for services to be performed thereafter through the next succeeding Annual Director Award Date; provided, however, that any Eligible Director appointed between Annual Director Award Dates may
be granted an initial Stock Award at any time between such Eligible Director’s appointment to the Board and the next Annual Director Award Date. Stock Awards will be granted in the form of a number of shares of Common Stock, restricted Common
Stock or restricted Stock Units, and may be granted at such times as the Committee will determine, with the form and amount of such Stock Awards to be determined by the Committee; provided, however, that each such annual Stock Award may not exceed
$500,000 in Fair Market Value. Any Stock Award will be subject to such terms, conditions and restrictions (including vesting) as the Committee may determine in its discretion. 

  
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 Article IV: Deferral Election and Accounts 

 

	4.1	 Deferral Election. An Eligible Director, at the discretion of the Committee, may irrevocably elect to
defer the receipt of all or part of a Stock Award or Cash Compensation, or both, by submitting a written deferral election in the manner specified by the Committee (a “Deferral Election”). The Deferral Election (i) will specify the
number of shares of Common Stock the receipt of which the Participant elects to defer and the amount or percentage of Cash Compensation the Participant elects to defer, (ii) will designate the period of deferral among the choices provided in
Section 5.1, and (iii) may not be revoked or modified. 

  

	4.2	 Timing of Elections. Except as set forth in the next sentence of this Section 4.2, Deferral
Elections must be made (i) for Stock Awards, no later than December 30 of each calendar year preceding the applicable Annual Director Award Date and (ii) for Cash Compensation, no later than the last day of the calendar year
immediately preceding the calendar year in which such payments would have otherwise been paid. Deferral Elections may be completed by newly appointed Eligible Directors no later than the date that is 30 days after the date such individual first
becomes an Eligible Director; provided that such Deferral Election will apply solely to Stock Awards or Cash Compensation related to services to be performed subsequent to such Deferral Election. The Committee will be authorized to adopt such other
rules and limitations as it determines are necessary or appropriate with respect to the timing of elections to defer Stock Awards or Cash Compensation under the Plan. 

 

	4.3	 Establishment of Accounts. The Company shall also cause to be established an unfunded bookkeeping
account for each Participant (which will from time to time reflect the name of each Participant and (i) the number of Stock Awards and, if applicable, dividend equivalents credited to such Participant pursuant to Section 4.4 and
(ii) the Cash Compensation deferred pursuant to Section 4.1 plus earnings or losses credited thereon monthly (as to each Participant, the “Deferred Compensation Account”). 

 

	4.4	 Crediting of Deferred Stock Awards or Restricted Stock Unit Awards. Any Stock Awards deferred pursuant
to a Deferral Election as described in Section 4.1 will be credited to the Participant’s Deferred Compensation Account as of the date the shares would otherwise have been delivered pursuant to Article III and any restricted Stock Units
awarded pursuant to Section 3.2 will also be credited to a Participant’s Deferred Compensation Account as of such date. No interest will be credited to a Participant’s Deferred Compensation Account with respect to any restricted Stock
Units; provided, however that in the event that a cash dividend is paid on Common Stock during the period that restricted Stock Units are credited to the Participant’s Deferred Compensation Account, an amount equivalent to the amount of
the cash dividend will be credited to the Participant’s Deferred Compensation Account and the accumulated amount will be paid out, without interest, at the end of the period of deferral. 

 

	4.5	 Adjustments. 

  

	 	(a)	 Exercise of Corporate Powers. The existence of the Plan and any outstanding Stock Awards or Deferred
Compensation Accounts hereunder will not affect in any manner the right or power of the Company or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the capital stock of the Company
or its business or any merger or consolidation of the Company, or any issue of bonds, debentures, preferred or prior preference stock (whether or not such issue is prior to, on a parity with or junior to the existing Common Stock) or the dissolution
or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding of any kind, whether or not of a character similar to that of the acts or proceedings enumerated above.

  

	 	(b)	 Recapitalizations, Reorganizations and Other Activities. In the event of any subdivision or
consolidation of outstanding shares of Common Stock, declaration of a dividend payable in shares of Common Stock or other stock split, then (i) the number of restricted Stock Units relating to such class of Common Stock; (ii) the
appropriate Fair Market Value and other price determinations for such restricted Stock Units; (iii) the number of shares reserved for issuance under the Plan in Section 3.1 and (iv) the limitations designated in Section 3.2 of
the Plan will each be proportionately adjusted by the Board to reflect such transaction. In the event of any other recapitalization or capital reorganization of the Company, any consolidation or merger of the Company with another corporation or
entity, the adoption by the Company of any plan of exchange affecting any class of Common Stock or any distribution to holders of any class of Common Stock of securities or property (other than normal cash dividends or dividends payable in Common
Stock), the Board shall make appropriate adjustments to (i) the number of restricted Stock Units relating to such class of Common Stock; (ii) the appropriate Fair Market Value and other price determinations for such restricted Stock Units;
(iii) the number of shares reserved for issuance under the Plan in Section 3.1 and (iv) the limitations designated in Section 3.2 of the Plan to give effect to such transaction; provided that such adjustments will only be such as
are necessary to preserve, without increasing, the value of such items. In the event of a corporate merger, consolidation, acquisition of property or stock, separation, reorganization or liquidation, the Board will be authorized to issue or assume
restricted Stock Units by means of substitution of new restricted Stock Units, as appropriate, for previously issued restricted Stock Units or an assumption of previously issued restricted Stock Units as part of such adjustment.

  
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	4.6	 Deferred Cash Compensation. Each Participant will be entitled to direct the manner in which his or her
deferred Cash Compensation will be deemed to be invested for the period of deferral and in accordance with such rules, and procedures as the Committee may establish from time to time. Notwithstanding anything to the contrary herein,
earnings and losses based on a Participant’s investment elections will begin to accrue as of the date such Participant’s deferred Cash Compensation amounts are credited to his or her Deferred Compensation Account and will end on the
Determination Date (as defined in Section 5.1 below). Each Participant may choose to have his or her deferred Cash Compensation deemed to be invested in the Common Stock, Money Market Equivalents or S&P 500 Equivalents. Any amounts deemed
to be invested in the Company’s Common Stock will (1) have a purchase price equal to the Fair Market Value of each share of Common Stock on the date the investment is deemed to have occurred, and (2) be credited with dividend
equivalents representing cash dividends payable with respect to the Common Stock, if any. 

 Article V: Delivery of Deferred Shares or
Cash 
  

	5.1	 Period of Deferral. With respect to (a) Stock Awards or Cash Compensation deferred pursuant to
Section 4.1, a Participant may elect that delivery of such deferred Stock Awards or Cash Compensation credited to the Participant under the Plan be made or commence at (i) a date that is one year following the date of the termination of
the Participant’s status as a Director of the Company, or (ii) the date of the termination of the Participant’s status as a Director of the Company, and (b) restricted Stock Units granted pursuant to Section 3.2, the
Committee will determine the date or conditions as of which shares represented by such restricted Stock Units will be delivered (the date elected or selected by the Participant or the Committee, as applicable, the “Determination Date”).

  

	5.2	 Delivery of Deferred Stock Awards and Deferred Cash Compensation. The aggregate number of restricted
Stock Units and, if applicable, dividend equivalents credited to a Participant’s Deferred Compensation Account will be calculated as of the Determination Date. A Participant will receive delivery of a number of shares of Common Stock equal to
the aggregate number of restricted Stock Units and a cash payment equal to the amount of the aggregate dividend equivalents representing cash dividends payable with respect to the Company’s Common Stock, if any, over the period beginning on the
Annual Director Award Date and ending on the Determination Date. As of the Determination Date, a Participant’s Cash Compensation deemed to be invested in Money Market Equivalents or S&P 500 Equivalents, plus any amounts credited to a
Participant’s Deferred Compensation Account pursuant to Section 4.6 herein, will be payable in the form of a cash lump sum. As of the Determination Date, a Participant’s Cash Compensation deemed to be invested in shares of the
Company’s Common Stock will be payable in the form of shares of the Company’s Common Stock plus a cash payment equal to the amount of the aggregate dividend equivalents. Delivery of shares of Common Stock or cash, as applicable, will be
made within 60 days after the Determination Date. 

  

	5.3	 Death Prior to Payment. In the event that a Participant dies prior to delivery of all shares of Common
Stock and funds deliverable pursuant to the Plan, any remaining shares and funds credited to Participant’s Deferred Compensation Account shall be delivered to the Participant’s estate within 60 days following the Company’s
notification of the Participant’s death. 

  

	5.4	 Delivery to Incompetent Participants. To the extent allowed under applicable law, should the Participant
become incompetent, the Company will be authorized to deliver shares and funds credited to Participant’s Deferred Compensation Account and deliverable pursuant to the Plan to a guardian or legal representative of such incompetent Participant,
or directly to such incompetent Participant, in whichever manner the Committee determines in its sole discretion. 

 Article VI:
Miscellaneous 
  

	6.1	 Unfunded Plan. Nothing contained herein will be deemed to create a trust of any kind or create any
fiduciary relationship. The Plan will be unfunded. To the extent that a Participant acquires a right to receive delivery of shares from the Company under the Plan, such right will not be greater than the right of any unsecured general creditor of
the Company and such right will be an unsecured claim against the general assets of the Company. Although bookkeeping accounts may be established with respect to Participants, any such accounts will be used merely as a bookkeeping convenience. The
Company will not be required to segregate any assets that may at any time be represented by stock or rights thereto, nor will the Plan be construed as providing for such segregation, nor will the Company, the Board or the Committee be deemed to be a
trustee of any stock or rights thereto to be granted under the Plan. Any liability or obligation of the Company to any Participant with respect to stock or rights thereto under the Plan will be based solely upon any contractual obligations that may
be created by the Plan, and no such liability or obligation of the Company will be deemed to be secured by any pledge or other encumbrance on any property of the Company. Neither the Company, the Board nor the Committee will be required to give any
security or bond for the performance of any obligation that may be created by or under the Plan. 

  

	6.2	 Title to Funds Remains with Company. Amounts credited to each Participant’s Deferred Compensation
Account will not be specifically set aside or otherwise segregated, but will be combined with corporate assets. Title to such amounts will remain with the Company and the Company’s only obligation will be to make timely delivery to Participants
in accordance with the Plan. 

  
 4 

	6.3	 Statement of Account. A statement will be furnished to each Participant annually on such date as may be
determined by the Committee stating the balance of Deferred Compensation Account as of a date designated by the Committee. 

  

	6.4	 Assignability. Except as provided in Section 5.3, no right to receive delivery of shares of Common
Stock hereunder will be transferable or assignable by a Participant except by will or the laws of descent and distribution or pursuant to a qualified domestic relations order as defined by the U.S. Internal Revenue Code of 1986, as amended (the
“Code”), or Title I of the Employee Retirement Income Security Act of 1974, as amended, or the rules thereunder. Any attempted assignment of any benefit under the Plan in violation of this Section 6.4 will be null and void.

  

	6.5	 Restrictions. No Common Stock or other form of payment will be issued with respect to any Stock Award or
Deferred Compensation Account unless the Company is satisfied, based on the advice of its counsel, that such issuance will be in compliance with applicable law, including, but not limited to, applicable federal and state securities laws. The Company
will not be obligated to issue any shares of Common Stock or make any payments with respect to any such Stock Award or Deferred Compensation Account if the issuance of such shares of Common Stock or if any such payment made would constitute a
violation by the recipient or the Company of any provision of any applicable law or regulation of any governmental authority or any securities exchange on which the Common Stock is listed. Certificates evidencing shares of Common Stock delivered
under the Plan (to the extent that such shares are so evidenced) may be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the rules, regulations and other requirements of the U.S. Securities and
Exchange Commission, any securities exchange or transaction reporting system upon which the Common Stock is then listed or to which it is admitted for quotation and any applicable federal or state securities law. The Committee may cause a legend or
legends to be placed upon such certificates (if any) to refer to such restrictions. 

  

	6.6	 Amendment, Modification, Suspension or Termination. The Committee may amend, modify, suspend or
terminate the Plan for the purpose of meeting or addressing any changes in legal requirements or for any other purpose permitted by law, except that (i) no amendment, modification or termination will, without the consent of the Participant,
impair the rights of any Participant to the number of restricted Stock Units credited to such Participant’s Deferred Compensation Account as of the date of such amendment, modification or termination and (ii) no amendment or modification
will be effective prior to its approval by the stockholders of the Company to the extent such approval is required by applicable legal requirements or the requirements of the securities exchange on which the Company’s Common Stock is listed.

  

	6.7	 Governing Law. The Plan and all determinations made and actions taken pursuant hereto, to the extent not
otherwise governed by mandatory provisions of the Code or the securities laws of the United States, will be governed by and construed in accordance with the laws of the State of Texas. 

 

	6.8	 Successors. All obligations of the Company under the Plan with respect to Stock Awards and Deferred
Compensation Accounts hereunder will be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business
and/or assets of the Company. 

  

	6.9	 Tax and Social Insurance. Participants are responsible for any and all tax or social insurance due on
Stock Awards or restricted Stock Units under the Plan. Participants shall pay or make arrangements to satisfy all withholding obligations of the Company related to the Plan. The Company has the authority to satisfy any withholding obligations from
funds or shares of Common Stock deliverable pursuant to the Plan or other cash compensation due a Participant, if applicable. Nothing in the Plan will constitute a representation by the Company to a Participant regarding the tax consequences of any
Stock Award received by a Participant or any Deferred Compensation Account created in connection with the Plan. The Company will be unconstrained in its corporate activities without regard to the potential negative tax impact on holders of Stock
Awards and Deferred Compensation Accounts under the Plan. 

  

	6.10	 Code Section 409A. To the extent applicable, the Plan is intended to comply with the
provisions of Code Section 409A and related regulations and United States Department of the Treasury pronouncements (“Section 409A”) with respect to amounts deferred or vested on or after January 1, 2005, and shall be
interpreted accordingly. To the extent it would not adversely impact the Company, the Company agrees to interpret, apply and administer the Plan in the least restrictive manner necessary to comply with such requirements and without resulting in any
diminution in the value of payments or benefits to the Participants. No action taken to comply with Section 409A will be deemed to adversely affect the Participant’s rights under the Plan. 

 

			
	SCHLUMBERGER LIMITED
		
	By:	 	 /s/ Olivier Le Peuch

		 	Olivier Le Peuch
	Title:	 	Chief Executive Officer

  
 5EX-4.5

 Exhibit 4.5 

THIS CONVERTIBLE SECURITY AND THE UNDERLYING SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“ACT”), OR UNDER THE SECURITIES LAWS OF ANY STATE. THESE SECURITIES MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT AS PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS IN
ACCORDANCE WITH APPLICABLE REGISTRATION REQUIREMENTS OR AN EXEMPTION THEREFROM. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE ISSUER THAT SUCH OFFER, SALE, TRANSFER, PLEDGE OR HYPOTHECATION OTHERWISE
COMPLIES WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS. THIS CONVERTIBLE SECURITY MUST BE SURRENDERED TO THE COMPANY OR ITS TRANSFER AGENT AS A CONDITION PRECEDENT TO THE SALE, TRANSFER, PLEDGE OR HYPOTHECATION OF ANY INTEREST IN ANY OF THE
SECURITIES REPRESENTED HEREBY. 
 CONVERTIBLE SECURITY FOR CLASS A COMMON STOCK 

of 
 Applovin Corporation

 Dated as of April     , 2021 
  

			
	No.             	  	 Convertible Security for

Class A Common Stock

 THIS CERTIFIES THAT, AppLovin Corporation, a Delaware corporation (the “Company”),
issues to                     , a
                    company incorporated in
                     (“Holder”), who pursuant to this Convertible Security is entitled, subject to the provisions and upon
the terms and conditions set forth herein, to acquire from the Company, shares of the Company’s Class A Common Stock, $0.00003 par value per share (“Class A Common Stock”), in the
amounts and at such time set forth herein. The term “Convertible Security” as used herein shall include this Convertible Security and any convertible securities delivered in substitution or exchange therefor as provided
herein. This Convertible Security is issued in connection with that certain AMENDED AND RESTATED SHARE PURCHASE AGREEMENT, dated March 12, 2021, by
and among the Company, AppLovin Active Holdings, LLC, Adjust GmbH, Holder and certain other parties thereto (as amended by AMENDMENT TO THE AMENDED AND
RESTATED SHARE PURCHASE AGREEMENT, dated [                    ], and
as may be amended from time to time, the “Purchase Agreement”). 
 The following is a statement of the rights of
Holder and the conditions to which this Convertible Security is subject, and to which Holder, by acceptance of this Convertible Security, agrees: 

1. Conversion of Convertible Security. 

(a) Definitions. As used in this Convertible Security, the following terms shall have the following meanings: 

(i) “Conversion Date” shall mean the date that is 5 business days following the determination of the Conversion Price
in accordance with the Purchase Agreement. 
 (ii) “Conversion Price” shall have the meaning assigned to “IPO
Conversion Price” in the Purchase Agreement. 

 (iii) “Conversion Amount” shall mean $[ ].1 
 (iv) “Shares” shall mean the shares of Class A Common
Stock issued upon conversion of this Convertible Security. 
 (v) “Securities” shall mean this Convertible Security
and the Shares issuable upon conversion hereof. 
 (b) Conversion. This Convertible Security shall automatically, without any
further action required by Holder, convert on the Conversion Date into the number of whole shares of Class A Common Stock determined by dividing the Conversion Amount by the Conversion Price. No fractional shares of Class A Common Stock
shall be issued upon the conversion of this Convertible Security. In lieu of any fractional Shares to which Holder would otherwise be entitled, the Company shall pay an amount in cash equal to such fraction multiplied by Conversion Price. On the
Conversion Date, the Company shall issue such Shares to Holder and cause such cash amount to be paid to Holder. 
 2. Replacement of
the Convertible Security. Subject to the receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Convertible Security and, in the case of loss, theft or destruction, delivery of
an indemnity agreement reasonably satisfactory in form and substance to the Company or, in the case of mutilation, surrender and cancellation of this Convertible Security, the Company at the expense of Holder shall execute and deliver, in lieu of
this Convertible Security, a new convertible security of like tenor and amount. 
 3. No Voting or Other Stockholder
Rights. This Convertible Security does not entitle Holder to any voting rights or other rights as a stockholder of the Company, unless and until (and only to the extent that) this Convertible Security is actually converted into Shares
in accordance with its terms. In the absence of conversion of this Convertible Security into Shares, no provisions of this Convertible Security, and no enumeration herein of the rights or privileges of Holder, shall cause Holder to be a stockholder
of the Company for any purpose. 
 4. Adjustment Provisions. If, at any time or from time to time after the date of
this Convertible Security, the Class A Common Stock issuable upon the conversion of this Convertible Security is changed into a different class or classes of stock of the Company, whether by recapitalization, reclassification or otherwise, then
in any such event Holder shall have the right, subject to the terms and conditions herein, to convert this Convertible Security into the kind and amount of stock and other securities and property receivable upon such recapitalization,
reclassification or other change by holders of the number of shares of Class A Common Stock into which this Convertible Security could have been converted immediately prior to such recapitalization, reclassification or change. 

5. “Market Stand-Off” Agreement. Holder
agrees in connection with any registration of the Company’s securities under the Act that, upon the request of the Company or the underwriters managing any registered public offering of the Company’s securities, Holder will not sell
or otherwise dispose of any Shares without the prior written consent of the Company or such underwriters, as the case may be, for such period of time (not to exceed 180 days) after the effective date of such registration as requested by the Company
or such managing underwriters and subject to all restrictions as the Company or the managing underwriters may specify, subject to customary exceptions and the provisions of Section 3.11 of the Investors’ Rights Agreement, dated 

 

	1 	 Note to Draft: For each holder, to equal the applicable Per Shareholder Stock Consideration from the Purchase
Agreement. 

 
as of August 15, 2018, as amended (the “Investors’ Rights Agreement”). For purposes of this Section 6, the term “Company” shall include any
wholly-owned subsidiary of the Company into which the Company merges or consolidates. In order to enforce the foregoing covenant, the Company shall have the right to place restrictive legends on the book-entries, certificates or other instruments
representing the shares subject to this Section and to impose stop transfer instructions with respect to the Shares until the end of such period. Holder further agrees to enter into any agreement reasonably required by the Company or managing
underwriters to implement the foregoing and that such underwriters are express third party beneficiaries of this Section 5. 
 6.
Transfer Restriction. Holder may not transfer any portion of this Convertible Security without the prior written consent of the Company. 

7. Representations and Warranties of the Company. The Company hereby represents and warrants to Holder as follows: 

(a) Organization, Good Standing and Qualification. The Company is a corporation, duly organized, validly existing and in good
standing under the laws of the State of Delaware. The Company has the requisite corporate power and authority and all necessary governmental approvals to own, lease and operate its properties and to carry on its business. 

(b) Authorization. The Company has all requisite power or capacity and authority to enter into this Convertible Security and to
consummate the transactions contemplated hereby, and the Company’s execution and delivery of this Convertible Security and the Company’s consummation of the transactions contemplated hereby have, to the extent applicable, been duly
authorized by all necessary actions (corporate or otherwise) on the part of the Company. This Convertible Security has been duly executed and delivered by the Company and constitutes the valid and binding obligation of the Company enforceable
against the Company in accordance with its terms, except to the extent the enforceability hereof is limited by applicable bankruptcy, insolvency, moratorium and other laws affecting creditors’ rights generally and principles of equity
(regardless of whether enforcement is sought in equity or at law). 
 (c) Valid Issuance of Shares. The Shares that may be
issued upon the conversion of this Convertible Security will, when issued in accordance with the terms hereof, be duly and validly authorized and issued, fully paid, and non-assessable. 

8. Representations and Warranties of Holder. Holder hereby represents and warrants to the Company as follows. 

(a) Access to Information. Holder has had access to all information regarding the Company and its present and prospective
business, assets, liabilities and financial condition that Holder reasonably considers important in making the decision to acquire the Securities, and Holder has had ample opportunity to ask questions of the Company’s representatives concerning
such matters and this investment. 
 (b) Understanding of Risks. Holder is fully aware of: (i) the highly
speculative nature of the investment in the Securities; (ii) the financial hazards involved; (iii) the lack of liquidity of the Securities and the restrictions on transferability of the Securities (e.g., that Holder may not be able
to sell or dispose of the Securities or use them as collateral for loans); (iv) the qualifications and backgrounds of the management of the Company; and (v) the tax consequences of investment in the Securities. 

(c) No General Solicitation. At no time was Holder presented with or solicited by any publicly issued or circulated
newspaper, mail, radio, television or other form of general advertising or solicitation in connection with the offer, sale and purchase of the Securities. 

 (d) Accredited Investor Status. Holder is an accredited investor as
defined in Rule 501(a) of Regulation D promulgated by the SEC under the Act and/or is not a U.S. Person as defined in Rule 902(k) of Regulation S under the Act, as set forth on Holder’s signature page hereto. 

(e) Compliance with Securities Laws. Holder understands and acknowledges that, in reliance upon the representations and
warranties made by Holder herein, the Securities are not being registered with the Securities and Exchange Commission (“SEC”) under the Act or being qualified under the California Corporate Securities Law of 1968, as
amended (the “Law”), but instead are being issued under an exemption or exemptions from the registration and qualification requirements of the Act and the Law or other applicable state securities laws which impose certain
restrictions on Holder’s ability to transfer the Securities. 
 (f) Restrictions on Transfer. Holder understands that
Holder may not transfer any Securities unless such Securities are registered under the Act and qualified under the Law or other applicable state securities laws or unless, in the opinion of counsel to the Company, exemptions from such registration
and qualification requirements are available. Holder understands that only the Company may file a registration statement with the SEC or the California Department of Financial Protection and Innovation or other applicable state securities
commissioners and that the Company is under no obligation to do so with respect to the Securities, except as contemplated by the Investors’ Rights Agreement. Holder has also been advised that exemptions from registration and qualification may
not be available or may not permit Holder to transfer all or any of the Securities in the amounts or at the times proposed by Holder. 

(g) Rule 144. In addition, Holder has been advised that SEC Rule 144 promulgated under the
Act, which permits certain limited sales of unregistered securities, is not presently available with respect to the Securities and, in any event, requires that the Shares be held for a minimum of six months, and in certain cases one year, after they
have been purchased and paid for (within the meaning of Rule 144), before they may be resold under Rule 144. Holder understands that Rule 144 may indefinitely restrict transfer of the Securities so long as Holder remains an
“affiliate” of the Company and certain information about the Company (as defined in Rule 144) is not publicly available. 

(h) Non-U.S. Holder. If Holder is not a United States person (as defined
by Section 7701(a)(30) of the United States Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated by the Internal Revenue Service thereunder), Holder hereby represents that it has satisfied itself as to the full
observance of the laws of its jurisdiction in connection with any invitation to subscribe for the Shares or any use of this Convertible Security, including (i) the legal requirements within its jurisdiction for the purchase of the Securities,
(ii) any foreign exchange restrictions applicable to such purchase, (iii) any governmental or other consents that may need to be obtained, and (iv) the income tax and other tax consequences, if any, that may be relevant to the
purchase, holding, redemption, sale, or transfer of the Securities. Holder’s subscription and payment for and continued beneficial ownership of the Securities will not violate any applicable securities or other laws of Holder’s
jurisdiction. 
 (i) Regulation S Representations and Restrictions. If Holder is not a U.S. Person as defined in Rule 902(k)
of Regulation S under the Act, as indicated on Holders signature page hereto, Holder makes the following additional representations, warranties and agreements: 

(i) Non-US Person. Holder is not a U.S. Person as defined in Rule 902(k) of
Regulation S under the Act. The offer and sale of the Securities to such Holder was made in an offshore transaction (as defined in Rule 902(h) of Regulation S), no directed selling efforts (as defined in Rule 902(c) of Regulation S) were made in the
United States, and Holder is not acquiring the Securities for the account or benefit of any U.S. Person; 

 (ii) No Offer or Sale. Holder will not, during the restricted period
applicable to the Securities set forth in the legend set forth below (the “Restricted Period”) and to any certificate representing the Securities, offer or sell any of the foregoing securities (or create or maintain any
derivative position equivalent thereto) in the United States, to or for the account or benefit of a U.S. Person or other than in accordance with Regulation S; and 

(iii) Registration or Exemption. Holder will, after the expiration of the applicable Restricted Period, offer, sell, pledge or
otherwise transfer the Securities (or create or maintain any derivative position equivalent thereto) only pursuant to registration under the Act or any available exemption therefrom and, in any case, in accordance with applicable state securities
laws. 
 (iv) No Transfer in Violation of Restrictions; Legend. Holder acknowledges and agrees that the Company shall not register
the transfer of the Securities in violation of these restrictions. 
 (v) Legends. Holder acknowledges and agrees that the
certificates evidencing the Shares will bear the applicable legends set forth in the Purchase Agreement (in addition to any other legend required by applicable U.S. federal, state or foreign securities laws or provided in any other agreement with
the Company). 
 (j) Stop-Transfer Instructions. Holder agrees that, to ensure compliance with the restrictions imposed
by this Convertible Security, the Company may issue appropriate “stop-transfer” instructions to its transfer agent, if any, and if the Company transfers its own securities, it may make appropriate notations to the same effect in its own
records. The Company will not be required (i) to transfer on its books any Securities that have been sold or otherwise transferred in violation of any of the provisions of this Convertible Security or (ii) to treat as owner of such
Securities, or to accord the right to vote or receive dividends, to any purchaser or other transferee to whom such Securities have been so transferred. 

9. Miscellaneous. 

(a) Notices. Any notice, request, or demand desired or required to be given hereunder shall be in writing and shall be
given by personal delivery, email delivery, or overnight courier service, in each case addressed as respectively set forth at the address set forth below the signature lines of this Convertible Security or to such other address as any party shall
have previously designated by such a notice. The effective date of any notice, request, or demand shall be the date of personal delivery, the date on which email is sent (provided that the sender of such email does not receive a written notification
of delivery failure), or one day after it is delivered to a reputable overnight courier service, as the case may be, in each case properly addressed as provided herein and with all charges prepaid. 

(b) Further Assurances. The parties agree to execute such further documents and instruments and to take such further
actions as may be reasonably necessary to carry out the purposes and intent of this Convertible Security. 
 (c) Titles and
Headings. The titles, captions and headings of this Convertible Security are included for ease of reference only and will be disregarded in interpreting or construing this Convertible Security. Unless otherwise specifically stated,
all references herein to “sections” and “exhibits” will mean “sections” and “exhibits” to this Convertible Security. 

(d) Governing Law. This Convertible Security will be governed by and construed in accordance with the laws of the State
of Delaware, without giving effect to that body of laws pertaining to conflict of laws. 

 (e) Assignments; Successors and Assigns. Any assignment of rights and
obligations by any party to this Convertible Security requires the prior written consent of the other parties hereto. This Convertible Security, and the rights and obligations of the parties hereunder, will be binding upon and inure to the benefit
of their respective successors, assigns, heirs, executors, administrators and legal representatives. 
 (f) Entire
Agreement. This Convertible Security and the documents referred to herein constitute the entire agreement and understanding of the parties with respect to the subject matter of this Convertible Security, and supersede all prior
understandings and agreements, whether oral or written, between or among the parties hereto with respect to the specific subject matter hereof. 

(g) Amendment and Waivers. This Convertible Security may be amended only by a written agreement executed by the Company
and the holders of a Majority-in-interest of all then-outstanding Convertible Securities issued pursuant to the Purchase Agreement. No amendment of or waiver of, or
modification of any obligation under this Convertible Security will be enforceable unless set forth in a writing signed by the Company and the holders of a
Majority-in-interest. Any amendment effected in accordance with this Section 9(g) will be binding upon all parties hereto, each holder of Convertible Securities
issued pursuant to the Purchase Agreement, and each of their respective successors and assigns. No delay or failure to require performance of any provision of this Convertible Security shall constitute a waiver of that provision as to that or any
other instance. No waiver granted under this Convertible Security as to any one provision herein shall constitute a subsequent waiver of such provision or of any other provision herein, nor shall it constitute the waiver of any performance other
than the actual performance specifically waived. “Majority-in-interest” refers to the holders of the Convertible Securities whose Convertible
Securities have a total Conversion Amount greater than 60% of the total Conversion Amount of all of such Convertible Securities issued pursuant to the Purchase Agreement. 

(h) Severability. If any provision of this Convertible Security is determined by any court or arbitrator of competent
jurisdiction to be invalid, illegal or unenforceable in any respect, such provision will be enforced to the maximum extent possible given the intent of the parties hereto. If such clause or provision cannot be so enforced, such provision shall be
stricken from this Convertible Security and the remainder of this Convertible Security shall be enforced as if such invalid, illegal or unenforceable clause or provision had (to the extent not enforceable) never been contained in this Convertible
Security. Notwithstanding anything to the contrary herein, if the value of this Convertible Security based upon the substantial benefit of the bargain for any party is materially impaired, which determination as made by the presiding court or
arbitrator of competent jurisdiction shall be binding, then both parties agree to substitute such provision(s) through good faith negotiations. 

(i) Counterparts; Facsimile Signatures. This Convertible Security may be executed in any number of counterparts, each of
which when so executed and delivered will be deemed an original, and all of which together shall constitute one and the same agreement. This Convertible Security may be executed and delivered by facsimile and upon such delivery the facsimile
signature will be deemed to have the same effect as if the original signature had been delivered to the other party. 
 (signature page
follows) 

 The parties hereto sign this Convertible Security as of the date stated on the first page.

  

			
	APPLOVIN CORPORATION

 
			
		
	By:	 	  

 
			
		
	Name:	 	  

 
			
		
	Title:	 	  

 
			
	
	Address: 1100 Page Mill Road, Palo Alto, CA 94304
	
	Email Address: [***]

  
 [Signature Page to
Convertible Security] 

 The parties hereto sign this Convertible Security as of the date stated on the first page.

  

			
	[INVESTOR/HOLDER]

 
			
		
	By:	 	  

 
			
		
	Name:	 	  

 
			
		
	Title:	 	  

 
			
		
	Address:	 	  

 
			
		
	Email Address:	 	  

 In connection with Section 8(d) of the Convertible Security, Holder is checking the applicable
box(es) below: 
 [    ] Holder is an accredited investor, as defined in Rule 501(a) of Regulation D promulgated
by the SEC under the Act. 
 [    ] Holder is not an U.S. Person, as defined in Rule 902(k) of Regulation S under
the Act. 

  
 [Signature Page to
Convertible Security]

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