Document:

Change in Control Agreement

 EXHIBIT 10.17 
 CHANGE IN CONTROL AGREEMENT 
 THIS CHANGE IN CONTROL AGREEMENT (the “Agreement”) is made
and entered into on this 10th day of September, 2007 (the “Effective Date”), by and between North State Bank (the “Bank”) and David M. Shipp (“Executive”). 
 WHEREAS, as of the Effective Date, Executive is employed by the Bank as an Executive Vice President and Chief Credit Officer, and as of the date of
execution of this Agreement is employed in such capacity; 
 WHEREAS, the Bank desires to retain the services of Executive; and 

WHEREAS, the parties to this Agreement desire to establish mutually satisfactory arrangements in the event there is a termination of services of
Executive under circumstances provided for hereinafter. 
 NOW, THEREFORE, for and in consideration of the premises and the following
covenants, the parties do hereby mutually agree: 
  

	 	1.	Definitions.   Capitalized terms used in this Agreement shall have the following definitions: 

  

	 	(a)	“Base Salary” means the annualized salary paid to Executive by the Bank during the last full month immediately preceding the Termination Date.

  

	 	(b)	“Bonuses” shall mean any and all incentive bonuses or discretionary bonuses granted to Executive within the most current 12-month period during the term of
this Agreement. 

  

	 	(c)	“Cause” means (i) the breach of or negligent inattention to Executive’s duties as a Executive Vice President and Chief Credit Officer of the Bank;
(ii) malfeasance of office or disloyalty to the Bank; (iii) plea of guilty or no contest to either a felony or an unlawful act involving fraud or moral turpitude; or (iv) removal of Executive by federal or state regulators following a
takeover of the Bank by such regulators. 

  

	 	(d)	 “Change in Control” means (A) the acquisition at any time by a “person” or “group” (as such terms are used in
Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934 (the “Exchange Act”)) who or which are the beneficial owners (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities representing more than
40% of the combined voting power in the election of directors of the then outstanding securities of the Bank or North State Bancorp (“Bancorp”) or any successor of the Bank or Bancorp, unless the acquisition of securities resulting in such
ownership by such person or group had been approved by the Board of Directors of Bancorp (the “Board”); (B) the termination of service of directors, for any reason other than death, disability or retirement from the Board, during any
period of two consecutive years or less, of individuals who at the beginning of such period constituted a majority of the Board, unless the election of or nomination for election of each new director during such period was approved by a vote of at
least a majority of the directors still in office who were directors at the beginning of the period; (C) approval by the shareholders of Bancorp or the Bank, respectively, of any sale or disposition of substantially all of the assets or earning
power of the Bank or Bancorp; or (D) approval by the shareholders of Bancorp or the Bank of any merger, consolidation, or statutory share exchange to which Bancorp or the Bank, respectively, is a party as a result of which the persons who were

	 	 
stockholders immediately prior to the effective date of the merger, consolidation or share exchange shall have beneficial ownership of less than 50% of the
combined voting power in the election of directors of the surviving corporation. Each determination concerning whether an event constitutes a Change in Control shall be made in a consistent manner as to the particular event with respect to all
participants at the time of the event. 

  

	 	(e)	“Retirement” shall mean the date that Executive reaches the age of 65 or the date Executive retires in accordance with the Bank’s normal retirement
provisions of any retirement plans established for Executive. 

  

	 	(f)	“Termination Date” shall mean the date on which Executive’s employment with the Bank is terminated. 

  

	 	(g)	“Total Compensation” shall mean Base Salary plus any Bonuses. 

  

	 	(h)	“Total and Permanent Disability” shall have occurred if Executive (i) has established to the satisfaction of the Compensation Committee of Bancorp (the
“Compensation Committee”) that he is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to last for a continuous period of not less than six
months; and (ii) has satisfied any requirement imposed by the Compensation Committee in regard to evidence of such disability. 

 2.       Executive Duties.   In consideration of the Bank’s obligations under this Agreement, Executive agrees to carry out his duties to the best of his abilities, as may be assigned to
him from time to time by the Bank. Executive further agrees to devote his full working time and energies to the business of the Bank, provided such duties shall be consistent with his position as a Executive Vice President and Chief Credit Officer
of the Bank. 
 3.       Term of Agreement.   The term of this Agreement shall commence on
September 10, 2007 (the “Commencement Date”), and shall remain in full force for a period of three (3) years thereafter. Such term shall be automatically renewed for an additional year on each anniversary of the Commencement Date
and shall continuously renew thereafter, unless the Bank provides Executive with 30 days’ advance written notice of non-renewal. The parties hereto specifically agree and acknowledge that nothing in this Agreement shall mean that Executive is
employed for any specific term and further that Executive is an employee at-will. If Executive’s employment with the Bank is terminated by the Bank or if Executive resigns voluntarily, the Bank shall pay Executive any accrued Base Salary
through the Termination Date. Except for any accrued, unpaid Base Salary and except as otherwise provided in Sections 4 and 7 hereof, the Bank has no obligation to make any payment to Executive in connection with the termination of employment with
the Bank. 
 4.       Termination due to Death, Disability or Retirement.   If the
Executive’s employment with Bank is terminated due to Executive’s death, Total and Permanent Disability or Retirement, Executive (or Executive’s heirs or beneficiaries in the event of Executive’s death), shall be entitled to
receive: 
  

	 	(a)	payment of any accrued, unpaid Base Salary through the Termination Date; and 

  

	 	(b)	payment of any life insurance, disability or other benefits, if any, for which Executive is then eligible under the terms of the Bank’s employee retirement, benefit and welfare
plans; and, in the case of death or Total and Permanent Disability, a right to immediately vest in 100% of all options to purchase Common Stock of Bancorp that have been granted to Executive, to be exercised in accordance with the terms of any grant
documents. 

 5.       Termination for Cause.   If Executive’s
employment is terminated by the Bank for Cause, Executive shall receive only the payment of any accrued, unpaid Base Salary through the Termination Date. 
 6.       Termination in Connection with a Change in Control.   If Executive’s employment is terminated at any time within three years after a Change in Control under
those circumstances stated in subparagraph (a) or (b) below of this Section 6, and only in such circumstances, provided that Executive executes and does not revoke a general release of claims in the Bank’s favor in a form
acceptable to the Bank, Executive shall be entitled to receive those payments and benefits from the Bank as set forth in Section 7 herein. The circumstances to which this Section 6 applies are: 
  

	 	(a)	Termination by the Bank, unless Executive’s termination is due to (i) Cause; (ii) Executive’s death or Total and Permanent Disability;
(iii) Executive’s Retirement; or (iv) Executive’s attainment of normal Retirement as provided under any Bank retirement plan in effect immediately preceding such date or the attainment; or 

  

	 	(b)	Executive’s voluntary termination following the occurrence of any of the following events: 

  

	 	(i)	the reduction of Executive’s then-current Base Salary (including any deferred portions thereof) or level of benefits or supplemental compensation; or 

 

	 	(ii)	the transfer of Executive to a location that is more than fifty (50) miles from Executive’s current office location; or a material increase in the amount of out of town
business travel normally required of Executive in connection with his employment. 

 7.      
Change in Control Benefits.   If Executive’s employment is terminated pursuant to Section 6 hereof, and subject to Executive executing a release of claims in the Bank’s favor in a form acceptable to the Bank, the Bank
agrees to provide or to cause to be provided to Executive the following rights and benefits (collectively, the “Change in Control Benefits”): 
  

	 	(a)	Severance Payment.   Executive shall be entitled to receive payment from the Bank in cash in an amount equal to three (3) years of Total Compensation, payable
monthly, over such three-year period. In the event of Executive’s death before the Bank can complete all required payments under this Section 7(a), any remaining payments due Executive shall be distributed to such beneficiary as Executive
may from time to time designate in writing to the Bank, and if no such beneficiary is named, such sums shall be paid to Executive’s estate; 

  

	 	(b)	 Vesting Schedules for Other Compensation.   Unless prohibited by law, if Executive is entitled to receive any sums or awards pursuant to
compensation plans in effect during Executive’s employment with the Bank, any and all vesting or maturity schedules or other rights conditioned upon the passage of time set forth in such compensation plans shall (i) if such plans have a
vesting schedule of less than three years, then the vesting schedule shall immediately lapse and Executive shall be fully vested in such plan; or (ii) if such plan has a vesting schedule of more than three years, then the vesting schedule of
such plan shall immediately be deemed to have a vesting schedule of three years. If any such immediate lapse or three-year vesting schedule set out in this Paragraph 7(b) causes any Bank compensation plan that is then a “qualified” plan
under the Internal Revenue Code to become non-qualified or causes any other materially adverse consequences to the Bank 

	 	 
or its other employees, then such immediate lapse or three-year vesting schedule shall not occur. In such event, the Bank shall make such payments or
otherwise provide comparable benefits or payments as may be, in the opinion of a mutually acceptable qualified third party, necessary to make the payments or benefits to Executive substantially equal to those to which he would have been entitled if
such immediate lapse or three-year vesting had occurred; 

  

	 	(c)	Insurance Benefits. If Executive timely elects to continue his health insurance benefits under COBRA after the termination of his employment, for a period of up to eighteen
(18) months or such greater period as Executive is eligible for continuation coverage under COBRA, the Bank will continue to pay an amount equal to the employer portion of Executive’s insurance premiums such that Executive’s coverage
under such life insurance, medical insurance, and accident and disability insurance plans will continue at the level in effect on the Termination Date, subject to Executive making payments thereunder required of any employees of the Bank in
comparable positions to Executive; thereafter, the Bank will pay to Executive a monthly amount equal to the employer’s portion of Executive’s insurance premiums, as provided under the first clause of this Section 7(c), through the
third anniversary of the termination of Executive’s employment; provided, however, that if Executive commences employment with a new employer at any time during that three-year period and receives comparable benefit coverage to that being
provided by the Bank, then Executive’s participation in the benefit plans provided by the Bank shall cease immediately upon the date Executive begins participation in his new employer’s plan(s) and the Bank shall be released from any
further obligation under this Paragraph 7(c). 

 However, payment of the Change of Control Benefits shall be subject to the
following restrictions and reductions: 
  

	 	(a)	If the Change of Control Benefits otherwise payable to Executive hereunder would be subject to the excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as
amended (the “Code”), such Payment shall be reduced to the extent necessary to prevent imposition of such excise tax. 

  

	 	(b)	If the Change of Control Benefits provided to the Executive under this Agreement in connection with his termination of employment are determined, in whole or in part, to constitute
“nonqualified deferred compensation” within the meaning of Section 409A of the Code, and the Executive is a “specified employee” as defined in Section 409A(2)(B)(i) of the Code, such Change of Control Benefits shall not
be paid before the day that is six (6) months plus one (1) day after the termination date (the “New Payment Date”). The aggregate of any payments that otherwise would have been paid to the Executive during the period between the
termination date and the New Payment Date shall be paid to the Executive in a lump sum on such New Payment Date. Thereafter, any payments that remain outstanding as of the day immediately following the New Payment Date shall be paid without delay
over the time period originally scheduled, in accordance with the terms of this Agreement. 

 8.       Nonexclusion.   The foregoing Change in Control Benefits are not intended to exclude Executive’s participation in other benefit plans in which Executive currently participates or
which may become available to Executive, nor to preclude Executive’s participation in any other compensation or benefit plans that the Bank has in effect during Executive’s employment with the Bank. 

 9.       Tax Liability.   The Bank has and shall have no
responsibility or obligation for any income tax or other tax costs or liabilities incurred by Executive as a result of or in connection with any, payments or payment obligations by the Bank to Executive under this Agreement, and all such payments
and payment obligations shall be computed without regard to any tax effects to Executive. 
 10.       No
Duty to Mitigate.   Except as otherwise provided in Section 7(c), the Bank’s promise to pay or cause to be paid to Executive pursuant to the provisions of Section 7 are absolute and unconditional, and shall not be
affected by any duty by Executive to mitigate damages or by any other circumstances, including, without limitation, any rights of set-off, counterclaim, recoupment, defense, or other rights which the Bank may have against Executive or others.

 11.       Additional Actions and Documents.   Bank and Executive acknowledge and agree that
there may be significant legal issues or restrictions arising under banking, securities, corporate or other laws that may affect the Bank’s and Executive’s ability to comply with the terms of this Agreement (particularly with respect to
stock option and restricted stock award plans), but that have not been determined as of the Effective Date. Accordingly, Bank and Executive agree to take or cause to be taken such further actions to execute, deliver, and file or cause to be
executed, delivered and file such further documents, and will obtain such consents, as may be necessary or as may be reasonably requested in order to fully effectuate the purposes, terms, and conditions of this Agreement. 
 12.       Miscellaneous.   This Agreement constitutes the entire Agreement between the parties and
supersedes all memoranda, discussions, correspondence and agreements prior to the date of execution of this Agreement. This Agreement shall be binding on the heirs, executors, administrators, successors and assigns of the parties. This Agreement is
to be governed by the laws of the state of North Carolina. The state or federal courts sitting in Wake County, North Carolina will have the exclusive power to adjudicate any disputes arising out of this Agreement. If any part of this Agreement shall
be held invalid or unenforceable by a court of competent jurisdiction, such invalidity shall not affect the validity of this Agreement as a whole or other remaining parts thereof. This Agreement may not be modified or amended orally, but only by an
instrument in writing signed by the party against whom enforcement of any waiver, change, modification, extension or discharge is sought. 
  
  
 IN WITNESS WHEREOF, the parties have executed this Change in Control Agreement as
of the Effective Date. 
  

			
	NORTH STATE BANK:
		
	BY:	 	/s/ Larry D. Barbour
		 	     Larry D. Barbour
		 	     President and Chief Executive Officer

  

	
	EXECUTIVE:
	
	/s/ David M. Shipp
	David M. ShippRegistrant's 1998 Employee Qualified Stock Purchase Plan, as amended

 Exhibit 10.3 
 AUTODESK, INC. 
 1998 EMPLOYEE QUALIFIED
STOCK PURCHASE PLAN1 
 The following constitute the provisions of the 1998 Employee Qualified Stock Purchase Plan (herein called the “Plan”) of Autodesk, Inc. (herein called the “Company”). 
 1. Purpose. The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries with an opportunity to purchase Common
Stock of the Company through accumulated payroll deductions. It is the intention of the Company to have the Plan qualify as an “Employee Stock Purchase Plan” under Section 423 of the Internal Revenue Code of 1986. The provisions of
the Plan shall, accordingly, be construed so as to extend and limit participation in a manner consistent with the requirements of that section of the Code. 
 2. Definitions. 
 (a) “Board” shall mean the Board of Directors of the Company.

 (b) “Code” shall mean the Internal Revenue Code of 1986. 
 (c) “Common Stock” shall mean the Common Stock, par value $0.01 per share, of the Company. 
 (d) “Company” shall mean Autodesk, Inc., a Delaware corporation. 
 (e) “Compensation” shall mean all regular straight time earnings, payments for overtime, shift premium and commissions, but exclusive of
any incentive compensation, incentive payments, bonuses, or other compensation. 
 (f) “Continuous Status as an Employee”
shall mean the absence of any interruption or termination of service as an Employee. Continuous Status as an Employee shall not be considered interrupted in the case of a leave of absence agreed to in writing by the Company, provided that such leave
is for a period of not more than 90 days or reemployment upon the expiration of such leave is guaranteed by contract or statute. 
 (g)
“Designated Subsidiaries” shall mean the Subsidiaries which have been designated by the Board from time to time in its sole discretion as eligible to participate in the Plan. 
  

	1	As amended by the Company’s Board of Directors, most recently on March 22, 2007. 

  

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 (h) “Employee” shall mean any person, including an officer, who is customarily employed
for at least twenty (20) hours per week and more than five (5) months in a calendar year by the Company or one of its Designated Subsidiaries. 
 (i) “Exercise Date” shall mean the date one day prior to the date six (6) months, twelve (12) months, eighteen (18) months or twenty-four (24) months after the Offering Date of
each Offering Period. 
 (j) “Exercise Period” shall mean a period commencing on an Offering Date or on the day after an
Exercise Date and terminating one day prior to the date six (6) months later. 
 (k) “Offering Period” shall mean a
period of twenty-four (24) months consisting of four (4) six-month Exercise Periods during which options granted pursuant to the Plan may be exercised. 
 (l) “Offering Date” shall mean the first day of each Offering Period of the Plan. 
 (m)
“Plan” shall mean this 1998 Employee Qualified Stock Purchase Plan. 
 (n) “Subsidiary” shall mean a
corporation, domestic or foreign, of which not less than 50% of the voting shares are held by the Company or a Subsidiary, whether or not such corporation now exists or is hereafter organized or acquired by the Company or a Subsidiary. 

3. Eligibility. 
 (a) Any Employee
as defined in paragraph 2 who shall be employed by the Company on the Offering Date shall be eligible to participate in the Plan, subject to limitations imposed by Section 423(b) of the Code. 
 (b) Any provisions of the Plan to the contrary notwithstanding, no Employee shall be granted an option under the Plan (i) if, immediately after the
grant, such Employee (or any other person whose stock would be attributed to such Employee pursuant to Section 424(d) of the Code) would own stock and/or hold outstanding options to purchase stock possessing five percent (5%) or more of
the total combined voting power or value of all classes of stock of the Company or of any subsidiary of the Company, or (ii) which permits such Employee’s rights to purchase stock under all employee stock purchase plans of the Company and
its subsidiaries to accrue at a rate which exceeds Twenty-Five Thousand Dollars ($25,000) of fair market value of such stock (determined at the time such option is granted) for each calendar year in which such option is outstanding at any time.

 4. Offering Periods. The Plan shall be implemented by twenty-four (24) month Offering Periods beginning every six
(6) months, until terminated in accordance with Section 20 hereof; provided that, the first Offering Period shall begin on the first business day after the Company’s Special Meeting on March 31, 1998. The Board of Directors of
the Company shall have the power to change the duration of offering periods with respect to future offerings without stockholder approval if such change is announced at least fifteen (15) days prior to the scheduled beginning of the first
offering period to be affected. 
  

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 5. Participation. 
 (a) An eligible Employee may become a participant in the Plan by completing a subscription agreement authorizing payroll deductions on the form provided by the Company and filing it with the Company’s payroll
office on or prior to the applicable Offering Date, unless a later or earlier time for filing the subscription agreement is set by the Board for all eligible Employees with respect to a given offering. 
 (b) Payroll deductions for a participant shall continue at the rate specified in the subscription agreement throughout the Offering Period with automatic
re-enrollment for the Offering Period which commences the day after the Exercise Date at the same rate specified in the original subscription agreement, subject to any change in subscription rate made pursuant to Section 6(c), unless sooner
terminated by the participant as provided in Section 10. 
 (c) Notwithstanding any provision in the Plan to the contrary other than
Section 3, each eligible Employee (determined pursuant to Section 3) shall be automatically enrolled in the Offering Period commencing on April 1, 2007, provided that each eligible Employee who is enrolled in an Offering Period that
was suspended as of March 31, 2007, shall continue to be enrolled in such Offering Period subject to Section 10. Payroll deductions for each such eligible Employee shall commence as soon as administratively practicable following the date
the Company’s Form S-8 registration statement with respect to the issuance of Common Stock under the Plan becomes effective and shall be made at the rate specified in the Employee’s subscription agreement provided that such rate is more
than zero percent (0%), subject to any change in subscription rate made pursuant to Section 6(c) and the Employee’s withdrawal from participation in the Plan in accordance with Section 11. An Employee who has not filed a subscription
agreement will be entitled to continue to participate in the applicable Offering Period only if the individual submits a subscription agreement authorizing payroll deductions in an amount exceeding zero percent (0%) to the Company’s payroll
office (i) no earlier than the date the Company’s Form S-8 registration statement with respect to the issuance of Common Stock under the Plan becomes effective and (ii) no later than two (2) weeks following the effective date of
such S-8 registration statement or such other period of time as the Administrator may determine (the “Enrollment Window”). An Employee who fails to submit a subscription agreement during the Enrollment Window or whose subscription rate
does not exceed zero percent (0%) will be automatically terminated from participating in the Offering Period in which such Employee is enrolled. 
 6. Payroll Deductions. 
 (a) At the time a participant files his or her subscription agreement, such participant shall elect
to have payroll deductions made on each payday during the offering period in an amount not exceeding fifteen percent (15%) of his or her Compensation on each payroll date. The aggregate of such payroll deductions during any offering period
shall not exceed fifteen percent (15%) of his or her aggregate Compensation during said offering period. 
  

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 (b) All payroll deductions made by a participant shall be credited to his or her account under the Plan.
A participant may not make any additional payments into such account. Notwithstanding the foregoing, effective for the Exercise Period commencing on April 1, 2007, the Company will, on such terms and conditions as the Company may prescribe,
permit a participant to make a payment to his or her account up to the payroll deductions that would have been made during the period of time, if any, beginning on April 1, 2007, and ending on the date subsequent thereto that payroll deductions
for such participant for the April 1, 2007, Exercise Period has commenced. Such payment, if administratively feasible, must be made by check or such other means prescribed by the Company within the period of time prescribed by the Company,
provided that such period will not extend beyond sixty (60) days from the date that payroll deductions for such participant for the April 1, 2007, Exercise Period has commenced, and must be made in accordance with such other terms and
conditions prescribed by the Company. 
 (c) A participant may discontinue his or her participation in the Plan as provided in
Section 11, or may increase or decrease the rate of his or her payroll deductions at any time during the Offering Period by completing or filing with the Company a form provided by the Company notifying the payroll office of such withdrawal or
reduction of withholding rate; provided, however, that effective for Offering Periods commencing on or after April 1, 2005, a participant may not increase the rate of his or her payroll deductions during an Offering Period. Notwithstanding the
foregoing, a participant may increase the rate of his or her payroll deductions during the Enrollment Window (as described in Section 5(c)). The change in rate shall be effective as of the next pay date following receipt of the form or at such
other time as the Company and the participant may agree. 
 7. Grant of Option. 
 (a) On the Offering Date of each Offering Period, each eligible Employee participating in the Plan shall be granted an option to purchase on each Exercise
Date during such Offering Period (at the per share option price) up to a number of shares of the Company’s Common Stock determined by dividing such Employee’s payroll deductions to be accumulated prior to such Exercise Date by the lower of
(i) eighty-five percent (85%) of the fair market value of a share of the Company’s Common Stock on the Offering Date or (ii) eighty-five percent (85%) of the fair market value of a share of the Company’s Common Stock on
the Exercise Date; provided that in no event shall an Employee be permitted to purchase during an Offering Period a number of shares in excess of a number determined by dividing $50,000 by the fair market value of a share of the Company’s
Common Stock on the Offering Date, subject to the limitations set forth in Sections 3(b) and 13 hereof. Fair market value of a share of the Company’s Common Stock shall be determined as provided in Section 7(b) herein. 
 (b) The option price per share of the shares offered in a given Exercise Period shall be the lower of: (i) 85% of the fair market value of a share
of the Common Stock of the Company on the Offering Date; or (ii) 85% of the fair market value of a share of the Common Stock of the Company on the Exercise Date. The fair market value of the Company’s Common Stock on a given date shall be
the closing price as quoted on the Nasdaq Stock Market, Inc.’s National Market or, if traded on a securities exchange, the closing price on such exchange. 
  

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 8. Exercise of Option. Unless a participant withdraws from the Plan as provided in
Section 11, his or her option for the purchase of shares will be exercised automatically on each Exercise Date of the Offering Period, and the maximum number of full shares subject to option will be purchased for him or her at the applicable
option price with the accumulated payroll deductions in his or her account. During his or her lifetime, a participant’s option to purchase shares hereunder is exercisable only by him or her. 
 9. Delivery. As promptly as practicable after the Exercise Date of each offering, the Company shall arrange the delivery to each participant, as
appropriate, of a certificate representing the shares purchased upon exercise of his or her option. Any cash remaining which is insufficient to purchase a full share of Common Stock at the termination of each Exercise Period shall be refunded to the
participant. 
 10. Automatic Transfer to Low Price Offering Period. In the event that the fair market value of the Company’s
Common Stock is lower on an Exercise Date than it was on the first Offering Date for that Offering Period, all Employees participating in the Plan on the Exercise Date shall be deemed to have withdrawn from the Offering Period immediately after the
exercise of their option on such Exercise Date and to have enrolled as participants in a new Offering Period which begins on or about the day following such Exercise Date. A participant may elect to remain in the previous Offering Period by filing a
written statement declaring such election with the Company prior to the time of the automatic change to the new Offering Period. 
 11.
Withdrawal; Termination of Employment. 
 (a) A participant may withdraw all but not less than all the payroll deductions credited to
his or her account under the Plan at any time prior to the Exercise Date of the Offering Period by giving written notice to the Company. All of the participant’s payroll deductions credited to his or her account will be paid to him or her at
the next pay date after receipt of his or her notice of withdrawal and his or her option for the current period will be automatically terminated, and no further payroll deductions for the purchase of shares will be made during the Offering Period.

 (b) Upon termination of the participant’s Continuous Status as an Employee prior to the Exercise Date for any reason, including
retirement or death, the payroll deductions credited to his or her account will be returned to the participant’s or, in the case the of participant’s death, to the person or persons entitled thereto under Section 15, and his or
her option will be automatically terminated. 
 (c) A participant’s withdrawal from an offering will not have any effect upon his or her
eligibility to participate in a succeeding offering or in any similar plan which may hereafter be adopted by the Company. 
 12.
Interest. No interest shall accrue on the payroll deductions of a participant in the Plan. 
  

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 13. Stock. 
 (a) The maximum number of shares of the Company’s Common Stock which shall be made available for sale under the Plan shall be 4,000,000 shares (as adjusted to account for the 2-for-1 stock split that occurred on
April 19, 2002), plus an annual increase to be made on the last day of the immediately preceding fiscal year equal to the lesser of (i) 5,000,000 shares (as adjusted to account for the 2-for-1 stock split that occurred on April 19,
2002), (ii) 2% of the Issued Shares (as defined below) on such date or (iii) a lesser amount determined by the Board, subject to adjustment upon changes in capitalization of the Company as provided in Section 19 hereof. “Issued
Shares” shall mean the number of shares of Common Stock of the Company outstanding on such date plus any shares reacquired by the Company during the fiscal year that ends on such date. If the total number of shares which would otherwise be
subject to options granted pursuant to Section 7(a) hereof on the Exercise Date of an Offering Period exceeds the number of shares then available under the Plan (after deduction of all shares for which options have been exercised or are then
outstanding), the Company shall make a pro rata allocation of the shares remaining available for option grant in as uniform a manner as shall be practicable and as it shall determine to be equitable. In such event, the Company shall give written
notice of such reduction of the number of shares subject to the option to each Employee affected thereby and shall similarly reduce the rate of payroll deductions, if necessary. 
 (b) The participant will have no interest or voting right in shares covered by his or her option until such option has been exercised. 
 (c) Shares to be delivered to a participant under the Plan will be registered in the name of the participant or in the name of the participant and his or
her spouse. 
 14. Administration. The Plan shall be administered by the Board of Directors of the Company or a committee appointed by
the Board. The administration, interpretation or application of the Plan by the Board or its committee shall be final, conclusive and binding upon all participants. Members of the Board who are eligible Employees are permitted to participate in the
Plan, provided that: 
 (a) Members of the Board who are eligible to participate in the Plan may not vote on any matter affecting the
administration of the Plan or the grant of any option pursuant to the Plan. 
 (b) If a Committee is established to administer the Plan, no
member of the Board who is eligible to participate in the Plan may be a member of the Committee. 
 15. Designation of Beneficiary.

 (a) A participant may file a written designation of a beneficiary who is to receive any shares and cash, if any, from the
participant’s account under the Plan in the event of such participant’s death subsequent to the end of the offering period but prior to delivery to such participant of such shares and cash. In addition, a participant may file a written
designation of a beneficiary who is to receive any cash from the participant’s account under the Plan in the event of such participant’s death prior to the Exercise Date of the offering period. 
  

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 (b) Such designation of beneficiary may be changed by the participant at any time by written notice. In
the event of the death of a participant and in the absence of a beneficiary validly designated under the Plan who is living at the time of such participant’s death, the Company shall deliver such shares and/or cash to the executor or
administrator of the estate of the participant, or if no such executor or administrator has been appointed (to the knowledge of the Company), the Company, in its discretion, may deliver such shares and/or cash to the spouse or to any one or more
dependents or relatives of the participant, or if no spouse, dependent or relative is known to the Company, then to such other person as the Company may designate. 
 16. Transferability. Neither payroll deductions credited to a participant’s account nor any rights with regard to the exercise of an option or to receive shares under the Plan may be assigned, transferred,
pledged or otherwise disposed of in any way (other than by will, the laws of descent and distribution or as provided in Section 15 hereof) by the participant. Any such attempt at assignment, transfer, pledge or other disposition shall be
without effect, except that the Company may treat such act as an election to withdraw funds in accordance with Section 11. 
 17. Use
of Funds. All payroll deductions received or held by the Company under the Plan may be used by the Company for any corporate purpose, and the Company shall not be obligated to segregate such payroll deductions. 
 18. Reports. Individual accounts will be maintained for each participant in the Plan. Statements of account will be given to participating
Employees annually promptly following the Exercise Date, which statements will set forth the amounts of payroll deductions, the per share purchase price, the number of shares purchased and the remaining cash balance refunded or to be refunded, if
any. 
 19. Adjustments Upon Changes in Capitalization. Subject to any required action by the stockholders of the
Company, the number of shares of Common Stock covered by each option under the Plan which has not yet been exercised and the number of shares of Common Stock which have been authorized for issuance under the Plan but have not yet been placed under
option (collectively, the “Reserves”), as well as the price per share of Common Stock covered by each option under the Plan which has not yet been exercised, shall be proportionately adjusted for any increase or decrease in the number of
issued shares of Common Stock resulting from a stock split or the payment of a stock dividend (but only on the Common Stock) or any other increase or decrease in the number of shares of Common Stock effected without receipt of consideration by the
Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration.” Such adjustment shall be made by the Board, whose determination in that
respect shall be final, binding and conclusive. Except as expressly provided herein, no issue by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason
thereof shall be made with respect to, the number or price of shares of Common Stock subject to an option. 
  

 -7- 

 In the event of the proposed dissolution or liquidation of the Company, the offering period will
terminate immediately prior to the consummation of such proposed action, unless otherwise provided by the Board. In the event of a proposed sale of all or substantially all of the assets of the Company, or the merger of the Company with or into
another corporation, each option under the Plan shall be assumed or an equivalent option shall be substituted by such successor corporation or a parent or subsidiary of such successor corporation, unless the Board determines, in the exercise of its
sole discretion and in lieu of such assumption or substitution, that the participant shall have the right to exercise the option as to all of the optioned stock, including shares as to which the option would not otherwise be exercisable. If the
Board makes an option fully exercisable in lieu of assumption or substitution in the event of a merger or sale of assets, the Board shall notify the participant that the option shall be fully exercisable for a period of thirty (30) days from
the date of such notice, and the option will terminate upon the expiration of such period. 
 The Board may, if it so determines in the
exercise of its sole discretion, also make provision for adjusting the Reserves, as well as the price per share of Common Stock covered by each outstanding option, in the event that the Company effects one or more reorganizations, recapitalizations,
rights offerings or other increases or reductions of shares of its outstanding Common Stock. 
 20. Amendment or Termination. The
Board of Directors of the Company may at any time terminate or amend the Plan. No such termination can affect options previously granted, nor may an amendment make any change in any option theretofore granted which adversely affects the rights of
any participant. In addition, to the extent necessary to comply with Rule 16b-3 under the Act or under Section 423 of the Code (or any successor rule or provision or any other applicable law or regulation), the Company shall obtain
stockholder approval in such a manner and to such a degree as so required. 
 21. Notices. All notices or other communications by a
participant to the Company under or in connection with the Plan shall be deemed to have been duly given when received in the form specified by the Company at the location, or by the person, designated by the Company for the receipt thereof.

 22. Stockholder Approval. 
 (a) Continuance of the Plan shall be subject to approval by the stockholders of the Company within twelve (12) months before or after the date the Plan is adopted. If such stockholder approval is obtained at a duly held
stockholders’ meeting, it must be obtained by the affirmative vote of the holders of a majority of the outstanding shares of the Company, or if such stockholder approval is obtained by written consent, it must be obtained by the unanimous
written consent of all stockholders of the Company; provided, however, that approval at a meeting or by written consent may be obtained by a lesser degree of stockholder approval if the Board determines, in its discretion after consultation with the
Company’s legal counsel, that such a lesser degree of stockholder approval will comply with all applicable laws and will not adversely affect the qualification of the Plan under Section 423 of the Code. 
 (b) If and in the event that the Company registers any class of equity securities pursuant to Section 12 of the Exchange Act, any required approval
of the stockholders of the Company obtained after such registration shall be solicited substantially in accordance with Section 14(a) of the Exchange Act and the rules and regulations promulgated thereunder. 
  

 -8- 

 (c) If any required approval by the stockholders of the Plan itself or of any amendment thereto is
solicited at any time otherwise than in the manner described in paragraph 21(b) hereof, then the Company shall, at or prior to the first annual meeting of stockholders held subsequent to the later of (1) the first registration of any class
of equity securities of the Company under Section 12 of the Exchange Act or (2) the granting of an option hereunder to an officer or director after such registration, do the following: 
 (i) furnish in writing to the holders entitled to vote for the Plan substantially the same information which would be required (if proxies to be voted
with respect to approval or disapproval of the Plan or amendment were then being solicited) by the rules and regulations in effect under Section 14(a) of the Exchange Act at the time such information is furnished; and 
 (ii) file with, or mail for filing to, the Securities and Exchange Commission four copies of the written information referred to in subsection (i)
hereof not later than the date on which such information is first sent or given to stockholders. 
 23.
Conditions Upon Issuance of Shares. Shares shall not be issued with respect to an option unless the exercise of such option and the issuance and delivery of such shares pursuant thereto shall comply with all applicable
provisions of law, domestic or foreign, including, without limitation, the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, the rules and regulations promulgated thereunder, and the requirements of any stock
exchange upon which the shares may then be listed, and shall be further subject to the approval of counsel for the Company with respect to such compliance. 
 As a condition to the exercise of an option, the Company may require the person exercising such option to represent and warrant at the time of any such exercise that the shares are being purchased only for investment
and without any present intention to sell or distribute such shares if, in the opinion of counsel for the Company, such a representation is required by any of the aforementioned applicable provisions of law. 
 24. Term of Plan. The Plan shall become effective upon the earlier to occur of its adoption by the Board of Directors or its approval by the
stockholders of the Company as described in paragraph 22. It shall continue in effect for a term of twenty (20) years unless sooner terminated under paragraph 20. 
  

 -9- 

 AUTODESK, INC. 
 EMPLOYEE QUALIFIED STOCK PURCHASE PLAN 
 SUBSCRIPTION AGREEMENT 
  

	               Original Application 
	 Date:                                     
                          

               Change in Payroll Deduction Rate 
               Change of Beneficiary(ies) 
  

	1.	                                      
                    hereby elects to participate in the Autodesk, Inc. Employee Qualified Stock Purchase Plan (the “Stock Purchase
Plan”) and subscribes to purchase shares of the Company’s Common Stock, without par value, in accordance with this Subscription Agreement and the Stock Purchase Plan. 

  

	2.	I hereby authorize payroll deductions from each paycheck in the amount of             % (maximum 15%) of my
Compensation on each payday during the Offering Period in accordance with the Stock Purchase Plan. Such deductions are to continue for succeeding Offering Periods until I give written instructions for a change in or termination of such deductions.

  

	3.	I understand that said payroll deductions shall be accumulated for the purchase of shares of Common Stock, without par value, at the applicable purchase price determined in
accordance with the Stock Purchase Plan. I further understand that, except as otherwise set forth in the Stock Purchase Plan, shares will be purchased for me automatically on each Exercise Date of the offering period unless I otherwise withdraw from
the Stock Purchase Plan by giving written notice to the Company for such purpose. 

  

	4.	I have received a copy of the complete “Autodesk, Inc. Employee Qualified Stock Purchase Plan.” I understand that my participation in the Stock Purchase Plan is in all
respects subject to the terms of the Plan. I have been provided with a prospectus describing the Stock Purchase Plan. I understand that I may withdraw from the Stock Purchase Plan and have payroll deductions refunded (without interest) on the next
payroll date following notice of withdrawal at any time during the Offering Period. 

  

	5.	Shares purchased for me under the Stock Purchase Plan should be issued in the name(s) of: 

	  	                                      
                                        
                                        
              . 

  

	6.	 I understand that if I dispose of any shares received by me pursuant to the Stock Purchase Plan within 2 years after the Offering Date (the first day of the
offering period during which I purchased such shares) or within one year after the date on which such shares were transferred to me, I will be treated for federal income tax purposes as having received ordinary income at the time of such disposition
in an amount equal to the excess of the fair market value of the shares at the time such shares were transferred to me over the price which I paid for the shares, and that I 

  

 -10- 

	 	 
may be required to provide income tax withholding on that amount. I hereby agree to notify the Company in writing within 30 days after the date of any
such disposition. However, if I dispose of such shares at any time after the expiration of the two-year and one-year holding periods, I understand that I will be treated for federal income tax purposes as having received income only at the time
of such disposition, and that such income will be treated as ordinary income only to the extent of an amount equal to the lesser of (1) the excess of the fair market value of the shares at the time of such disposition over the purchase price
which I paid for the shares under the option, or (2) the excess of the fair market value of the shares over the option price, measured as if the option had been exercised on the Offering Date. The remainder of the gain or loss, if any,
recognized on such disposition will be treated as capital gain or loss. The federal income tax treatment of ordinary income and capital gain and loss is described in the Company’s prospectus relating to the Stock Purchase Plan.

  

	7.	I hereby agree to be bound by the terms of the Stock Purchase Plan. The effectiveness of this Subscription Agreement is dependent upon my eligibility to participate in the Stock
Purchase Plan. 

  

	8.	In the event of my death, I hereby designate the following as my beneficiary(ies) to receive all payments and shares due me under the Stock Purchase Plan: 

 

									
	NAME: (Please print)	 	  

		 		 	(First)	  	(Middle)	  	(Last)
			
	  
	 		  	  

	Relationship	 		 		  	
		 		 		  	  

		 		 		  	(Address)	  	
		
	NAME: (Please print)	 	  

		 		 	(First)	  	(Middle)	  	(Last)
			
	  
	 		  	  

	Relationship	 		 		  		  	
		 		 		  	  

		 		 		  	(Address)	  	

  

							
	Employee’s Social	 		 		 	
	Security Number:	 	  
	 		 	

  

 -2- 

					
	Employee’s Address:**	 	  
	 	
			
		 	  
	 	
			
		 	  
	 	

 I UNDERSTAND THAT THIS SUBSCRIPTION AGREEMENT SHALL REMAIN IN EFFECT THROUGHOUT SUCCESSIVE OFFERING PERIODS UNLESS
TERMINATED BY ME. 
  

									
	Dated:	 	  
	 		  	  

		 		 		  	Signature of Employee	  	

  

	 **
	 It is the participant’s responsibility to notify the Company’s stock administrator in the event of a change of
address. 

  

 -3-

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