Document:

Form of Indemnification Agreement

 Exhibit 10.1 
 UBIQUITI NETWORKS, INC. 
 DIRECTOR AND OFFICER INDEMNIFICATION AGREEMENT

 THIS DIRECTOR AND OFFICER INDEMNIFICATION AGREEMENT (this “Agreement”) is made and entered
into as of                              ,
        , by and between Ubiquiti Networks, Inc., a Delaware corporation (the “Company”, which term shall include, where appropriate, any Entity (as hereinafter defined) controlled
directly or indirectly by the Company), and                  (“Indemnitee”). Capitalized terms used herein and not otherwise defined herein have
the meanings given such terms in Section 1. 
 WHEREAS, it is essential to the Company that it be
able to retain and attract as directors and officers the most capable persons available; 
 WHEREAS, increased
corporate litigation has subjected directors and officers to litigation risks and expenses, and the limitations on the availability of directors and officers liability insurance have made it increasingly difficult for companies to attract and retain
such persons; 
 WHEREAS, the Company desires to provide Indemnitee with specific contractual assurance of
Indemnitee’s rights to full indemnification against litigation risks and expenses (regardless, among other things, of any amendment to the Company’s certificate of incorporation (the “Certificate of Incorporation”) or
revocation of any provision of the Company’s bylaws (the “Bylaws”) or any change in the ownership of the Company or the composition of its board of directors (the “Board”)); 

WHEREAS, the Certificate of Incorporation expressly authorizes rights to indemnification to the fullest extent permitted
by the Delaware General Corporation Law (the “DGCL”); 
 WHEREAS, the DGCL permits contracts
between the Company and the officers or directors of the Company with respect to indemnification of such officers or directors; and 
 WHEREAS, Indemnitee is relying upon the rights afforded under this Agreement in accepting Indemnitee’s position as an officer or director of the Company. 

NOW, THEREFORE, in consideration of the promises and the covenants contained herein, the Company and Indemnitee do hereby
covenant and agree as follows: 

Section 1.        Definitions. 

“Corporate Status” describes the status of a person who is serving or has served (i) as a director
of the Company, including as a member of any committee thereof, (ii) in any capacity with respect to any employee benefit plan of the Company, or (iii) as a director, partner, trustee, officer, employee, or agent of any other Entity at the
request of the Company. For purposes of clause (iii) of this definition, an officer or director of the Company who is serving or has served as a director, partner, trustee, officer, employee or agent of a Subsidiary (as defined below) shall be
deemed to be serving at the request of the Company. 
 “Entity” means any corporation,
partnership, limited liability company, joint venture, trust, foundation, association, organization or other legal entity. 
 “Expenses” means all fees, costs and expenses incurred in connection with any Proceeding (as defined below), including reasonable attorneys’ fees, disbursements and retainers
(including any such fees, disbursements and retainers incurred by Indemnitee pursuant to Section 8 and Section 10C of this Agreement), fees and disbursements of expert witnesses, private investigators and professional
advisors 

  
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(including, without limitation, accountants and investment bankers), court costs, transcript costs, fees of experts, travel expenses, duplicating, printing and binding costs, telephone and fax
transmission charges, postage, delivery services, secretarial services and other reasonable disbursements and expenses. 
 “Indemnifiable Amounts” shall have the meaning ascribed to it in Section 3A below. 
 “Indemnifiable Expenses,” shall have the meaning ascribed to it in Section 3A below. 
 “Indemnifiable Liabilities” shall have the meaning ascribed to it in Section 3A below. 

“Independent Counsel” means a law firm, or a member of a law firm, that is experienced in matters of
corporation law and neither presently is, nor in the past five (5) years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either such party (other than with respect to matters concerning the
Indemnitee under this Agreement or of other indemnitees under similar indemnification agreements) or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term
“Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine
Indemnitee’s rights under this Agreement. 
 “Liabilities” means judgments, damages,
liabilities, losses, penalties, excise taxes, fines and amounts paid in settlement. 

“Proceeding” means any threatened, pending or completed claim, action, suit, arbitration, alternate
dispute resolution process, investigation, administrative hearing, appeal, or any other proceeding, whether civil, criminal, administrative, arbitrative or investigative, whether formal or informal, including a proceeding initiated by Indemnitee
pursuant to Section 10 of this Agreement to enforce Indemnitee’s rights hereunder. 

“Subsidiary” means any corporation, partnership, limited liability company, joint venture, trust or
other Entity of which the Company owns (either directly or through or together with another Subsidiary of the Company) either (i) a general partner, managing member or other similar interest or (ii) (A) fifty percent (50%) or
more of the voting power of the voting capital equity interests of such corporation, partnership, limited liability company, joint venture or other Entity, or (B) fifty percent (50%) or more of the outstanding voting capital stock or other
voting equity interests of such corporation, partnership, limited liability company, joint venture or other Entity. 
 Section 2.        Services of Indemnitee. In consideration of the Company’s covenants and commitments hereunder, Indemnitee agrees to serve or
continue to serve as a director or officer of the Company. However, this Agreement shall not impose any obligation on Indemnitee or the Company to continue Indemnitee’s service to the Company beyond any period otherwise required by law or by
other agreements or commitments of the parties, if any. 

Section 3.        Agreement to Indemnify. The Company agrees to
indemnify Indemnitee as follows: 
 3A.      Subject to the exceptions contained
in Section 4A below, if Indemnitee was or is a party or is threatened to be made a party to any Proceeding (other than an action by or in the right of the Company) by reason of Indemnitee’s Corporate Status, Indemnitee shall be
indemnified by the Company against all actual and reasonable Expenses and Liabilities incurred or paid by Indemnitee in connection with such Proceeding (referred to herein as “Indemnifiable Expenses” and “Indemnifiable
Liabilities,” 

  
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respectively, and collectively as “Indemnifiable Amounts”) to the fullest extent permissible under Delaware law. 

3B.      Subject to the exceptions contained in Section 4B below, if Indemnitee
was or is a party or is threatened to be made a party to any Proceeding by or in the right of the Company to procure a judgment in its favor by reason of Indemnitee’s Corporate Status, Indemnitee shall be indemnified by the Company against all
Indemnifiable Expenses. 
 3C.      To the extent that Indemnitee is or was or is
threatened to be made a witness to any Proceeding to which Indemnitee is not a party by reason of Indemnitee’s Corporate Status, Indemnitee shall be indemnified by the Company against all Indemnifiable Expenses. 

Section 4.        Exceptions to Indemnification. Indemnitee shall be
entitled to indemnification under Sections 3A and 3B above in all circumstances other than the following: 
 4A.      If indemnification is requested under Section 3A and it has been adjudicated finally by a court of competent jurisdiction that, in connection with the
subject of the Proceeding out of which the claim for indemnification has arisen, Indemnitee failed to act (i) in good faith and (ii) in a manner Indemnitee reasonably believed to be in the best interests of the Company and, with respect to
any criminal action or proceeding, Indemnitee had reasonable cause to believe that Indemnitee’s conduct was unlawful, Indemnitee shall not be entitled to payment of Indemnifiable Amounts hereunder. 

4B.      If indemnification is requested under Section 3B and 

(i)        it has been adjudicated finally by a court of competent jurisdiction
that, in connection with the subject of the Proceeding out of which the claim for indemnification has arisen, Indemnitee failed to act (A) in good faith and (B) in a manner Indemnitee reasonably believed to be in the best interests of the
Company, Indemnitee shall not be entitled to payment of Indemnifiable Expenses hereunder; 

(ii)       it has been adjudicated finally by a court of competent jurisdiction that
Indemnitee is liable to the Company with respect to any claim, issue or matter involved in the Proceeding out of which the claim for indemnification has arisen, including, without limitation, a claim that Indemnitee received an improper personal
benefit, no Indemnifiable Expenses shall be paid with respect to such claim, issue or matter unless the court of law or another court in which such Proceeding was brought shall determine upon application that, despite the adjudication of liability,
but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for such Indemnifiable Expenses and then only to the extent that such court shall determine; 

(iii)      the amounts for which indemnification is sought were paid in settling or
otherwise disposing of a pending action without court approval; 
 (iv)      the
expenses for which indemnification is sought were incurred in defending a pending action which is settled or otherwise disposed of without court approval; 
 (v)      the amounts for which indemnification is sought were for an accounting or disgorgement of profits pursuant to Section 16(b) of the Securities Exchange Act of
1934, as amended, or similar provisions of federal, state or local statutory law or common law, if Indemniee is held liable therefor (including pursuant to any settlement arrangements); 

  
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 (vi)       the amounts for which
indemnification is sought were for any reimbursement of the Company by Indemnitee of any bonus or other incentive-based or equity-based compensation or of any profits realized by Indemnitee from the sale of securities of the Company, as required in
each case under the Securities Exchange Act of 1934, as amended (including any such reimbursements that arise from an accounting restatement of the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley
Act”), or the payment to the Company of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act), if Indemnitee is held liable therefor (including pursuant to any
settlement arrangements); or 
 (vii)      if otherwise prohibited by applicable
law. 
 4C.      Except as provided in Section 6, any indemnification
under Section 3A or 3B shall be made by the Company only if authorized in the specific case, upon a determination that indemnification of the Indemnitee is proper in the circumstances because the Indemnitee has met the applicable
standard of conduct set forth in Section 3A or 3B, by any of the following: (i) by a majority vote of the directors who are not parties to such Proceeding, even though less than a quorum; (ii) by a committee of such
directors designated by a majority vote of such directors, even though less than a quorum; (iii) if there are no such directors, or if such directors so direct, by Independent Counsel in a written opinion; or (iv) by approval of the
stockholders of the Company. In making a determination with respect to entitlement to indemnification hereunder, the person or persons or Entity making such determination shall presume that Indemnitee is entitled to indemnification under this
Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 5 of this Agreement, and it shall be presumed that Indemnitee has at all times acted in good faith and in a manner he reasonably believed to
be in the best interests of the Company. Anyone seeking to overcome this presumption shall have the burden of proof and the burden of persuasion, by clear and convincing evidence. Indemnitee shall be deemed to have acted in good faith if
Indemnitee’s action is based on the records or books of account of the Company or any Subsidiary, including financial statements, or on information supplied to Indemnitee by the officers of the Company or any Subsidiary in the course of their
duties, or on the advice of legal counsel for the Company or any Subsidiary, or on information or records given or reports made to the Company or any Subsidiary by an independent certified public accountant or by an appraiser or other expert
selected with reasonable care by the Company or any Subsidiary. In addition, the knowledge and/or actions, or failure to act, of any director, officer, agent or employee of the Company or any Subsidiary shall not be imputed to Indemnitee for
purposes of determining the right to indemnification under this Agreement. 

Section 5.      Procedure for Payment of Indemnifiable Amounts. Indemnitee
shall submit to the Company a written request specifying the Indemnifiable Amounts for which Indemnitee seeks payment under Section 3 of this Agreement and the basis for the claim. The Company shall pay such Indemnifiable Amounts to
Indemnitee within thirty (30) calendar days following receipt of the request. 

Section 6.      Indemnification for Expenses of a Party Who is Wholly or Partly
Successful. Notwithstanding any other provision of this Agreement, and without limiting any such provision, to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a party to and is successful on the merits in any
Proceeding, Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith. If Indemnitee is not wholly successful in such Proceeding but is successful on
the merits as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee against all Expenses reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with each
successfully resolved claim, issue or matter. For purposes of this Agreement, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim,
issue or matter. 

  
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 Section 7.        Effect of
Certain Resolutions. Neither the settlement nor termination of any Proceeding nor the failure of the Company to award indemnification or to determine that indemnification is payable shall create an adverse presumption that Indemnitee is not
entitled to indemnification hereunder. In addition, the termination of any proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent shall not create a presumption that Indemnitee did not act in good
faith and in a manner which Indemnitee reasonably believed to be in the best interests of the Company or, with respect to any criminal action or proceeding, had reasonable cause to believe that Indemnitee’s action was unlawful. 

Section 8.        Agreement to Advance Expenses; Conditions. The
Company shall pay to Indemnitee all Indemnifiable Expenses incurred by Indemnitee in connection with any Proceeding (but not amounts actually paid in settlement of any such Proceeding), including a Proceeding by or in the right of the Company, in
advance of the final disposition of such Proceeding, as the same are incurred. To the extent required by the DGCL, Indemnitee hereby undertakes to repay the amount of Indemnifiable Expenses paid to Indemnitee if it is finally determined by a court
of competent jurisdiction that Indemnitee is not entitled under this Agreement to indemnification with respect to such Expenses. This undertaking is an unlimited and unsecured general obligation of Indemnitee and no interest shall be charged
thereon. 
 Section 9.        Procedure for Advance Payment of
Expenses. Indemnitee shall submit to the Company a written request specifying the actual and reasonable Indemnifiable Expenses for which Indemnitee seeks an advancement under Section 8 of this Agreement, together with reasonable
documentation evidencing that Indemnitee has incurred such Indemnifiable Expenses. Payment of Indemnifiable Expenses under Section 8 shall be made no later than ten (10) calendar days after the Company’s receipt of such
request. 
 Section 10.        Remedies of Indemnitee.

 10A.      Right to Petition Court. In the event that Indemnitee makes a
request for payment of Indemnifiable Amounts under Section 3 and Section 5 above or a request for an advancement of Indemnifiable Expenses under Section 8 and Section 9 above and the Company fails to
make such payment or advancement in a timely manner pursuant to the terms of this Agreement, Indemnitee may petition a court of law to enforce the Company’s obligations under this Agreement. 

10B.      Burden of Proof. In any judicial proceeding brought under
Section 10A above, the Company shall have the burden of proving that Indemnitee is not entitled to payment of Indemnifiable Amounts hereunder. 
 10C.      Expenses. The Company agrees to reimburse Indemnitee in full for any Expenses incurred by Indemnitee in connection with investigating, preparing for,
litigating, defending or settling any action brought by Indemnitee under Section 10A above, or in connection with any claim or counterclaim brought by the Company in connection therewith, to the extent Indemnitee is successful in such
action. 
 10D.      Validity of Agreement. The Company shall be precluded
from asserting in any Proceeding, including, without limitation, an action under Section 10A above, that the provisions of this Agreement are not valid, binding and enforceable or that there is insufficient consideration for this
Agreement and shall stipulate in court that the Company is bound by all the provisions of this Agreement. 

10E.      Failure to Act Not a Defense. The failure of the Company (including its
Board or any committee thereof, independent legal counsel or stockholders) to make a determination concerning the 

  
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permissibility of the payment of Indemnifiable Amounts or the advancement of Indemnifiable Expenses under this Agreement shall not be a defense in any action brought under Section 10A
above, and shall not create a presumption that such payment or advancement is not permissible. 

Section 11.        Representations and Warranties of the Company. The
Company hereby represents and warrants to Indemnitee as follows: 

11A.      Authority. The Company has all necessary power and authority to enter
into, and be bound by the terms of, this Agreement, and the execution, delivery and performance of the undertakings contemplated by this Agreement have been duly authorized by the Company. 

11B.      Enforceability. This Agreement, when executed and delivered by the Company
in accordance with the provisions hereof, shall be a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency,
moratorium, reorganization or similar laws affecting the enforcement of creditors’ rights generally. 

Section 12.        Independent Counsel. If the determination of
entitlement to indemnification is to be made by Independent Counsel pursuant to Section 4 hereof, the Independent Counsel shall be selected as provided in this Section 12. The Independent Counsel shall be selected by
Indemnitee (unless Indemnitee shall request that such selection be made by the Board). Indemnitee or the Company, as the case may be, may, within ten (10) days after such written notice of selection shall have been given, deliver to the Company
or the Indemnitee, as the case may be, a written objection to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of
“Independent Counsel” as defined in Section 1 of this Agreement, and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person so selected shall act
as Independent Counsel. If a written objection is made and substantiated, the Independent Counsel selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court has determined that such objection is without
merit. If, within sixty (60) days after submission by Indemnitee of a written request for indemnification pursuant to Section 5 hereof, no Independent Counsel shall have been selected and not objected to, either the Company or
Indemnitee may petition the state courts of the State of Delaware or other court of competent jurisdiction for resolution of any objection which shall have been made by the Company or Indemnitee to the other’s selection of Independent Counsel
and/or for the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall designate, and the person with respect to whom all objections are so resolved or the person so appointed shall act as
Independent Counsel under Section 4 hereof. The Company shall pay any and all reasonable fees and expenses of Independent Counsel incurred by such Independent Counsel in connection with acting pursuant to Section 4 hereof and
to fully indemnify such counsel against any and all Expenses, claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto, and the Company shall pay all reasonable fees and expenses incident to the
procedures of this Section 12, regardless of the manner in which such Independent Counsel was selected or appointed. 

  
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Section 13.        Contribution in the Event of Joint Liability. If
the indemnification provided for in Section 3 above for any reason other than the statutory limitations of applicable law or as provided in Section 4, is held by a court of competent jurisdiction to be unavailable to
Indemnitee in respect of any losses, claims, damages, expenses or liabilities in which the Company is jointly liable with Indemnitee, as the case may be (or would be jointly liable if joined), then the Company, in lieu of indemnifying Indemnitee
thereunder, shall contribute to the amount actually and reasonably incurred and paid or payable by Indemnitee as a result of such losses, claims, damages, expenses or liabilities in such proportion as is appropriate to reflect (a) the relative
benefits received by the Company and Indemnitee, and (b) the relative fault of the Company and Indemnitee in connection with the action or inaction that resulted in such losses, claims, damages, expenses or liabilities, as well as any other
relevant equitable considerations. The relative fault of the Company and Indemnitee shall be determined by reference to, among other things, (i) whether an untrue or alleged untrue statement of a material fact or an omission or alleged omission
to state a material fact relates to information supplied by the Company or Indemnitee, (ii) the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent the circumstances resulting in such losses,
claims, damages, expenses or liabilities, (iii) the degree to which the parties’ actions were motivated by intent to gain personal profit or advantage, (iv) the degree to which the parties’ liability is primary or secondary, and
(v) the degree to which the parties’ conduct is active or passive. The Company and Indemnitee agree that it would not be just and equitable if contribution pursuant to this Section 13 were determined by pro rata or per capita
allocation or by any other method of allocation which does not take account of the equitable considerations referred to in this paragraph. No person found guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act of 1933, as amended) shall be entitled to contribution from any person who was not found guilty of such fraudulent misrepresentation. 
 Section 14.        Insurance. The Company shall use commercially reasonable efforts to maintain requisite directors and officers indemnity insurance
coverage in effect at all times (subject to appropriate cost considerations) and the Company’s Certificate of Incorporation and Bylaws shall at all times provide for indemnification and exculpation of directors and officers to the fullest
extent permitted under applicable law. In all policies of director and officer liability insurance, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the same rights and benefits as are accorded to the most favorably
insured of the Company’s officers and directors. The Company shall hereafter take all necessary or desirable actions to cause such insurers to pay, on behalf of Indemnitee, all Indemnifiable Amounts in accordance with the terms of such
policies; provided that nothing in this Section 14 shall affect the Company’s obligations under this Agreement or the Company’s obligations to comply with the provisions of this Agreement in a timely manner as provided.

 Section 15.        Miscellaneous. 

15A.      Duration. This Agreement shall continue until and terminate upon the later
of (i) ten (10) years after the date that Indemnitee shall have ceased to serve as a director or officer of the Company or as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other
enterprise, serving at the request of the Company, as applicable; or (ii) one (1) year after the final termination of any Proceeding, including any appeal, then pending in respect of which Indemnitee is granted rights of indemnification or
advancement of expenses hereunder and of any Proceeding commenced by Indemnitee pursuant to Section 10A of this Agreement relating thereto. 
 15B.      Contract Rights Not Exclusive. The rights to payment of Indemnifiable Amounts and advancement of Indemnifiable Expenses provided by this Agreement shall be
in addition to, but not exclusive of, any other rights which Indemnitee may have at any time under applicable law, the Company’s Bylaws or Certificate of Incorporation, or any other agreement, vote of stockholders or directors (or a committee
of directors), or otherwise, both as to action in Indemnitee’s official capacity 

  
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and as to action in any other capacity as a result of Indemnitee’s serving as a director or officer of the Company. 

15C.      Successors. This Agreement shall be (i) binding upon all successors
and assigns of the Company (including any transferee of all or a substantial portion of the business, stock and/or assets of the Company and any direct or indirect successor by merger or consolidation or otherwise by operation of law) and
(ii) binding on and shall inure to the benefit of the heirs, personal representatives, executors and administrators of Indemnitee. This Agreement shall continue for the benefit of Indemnitee and such heirs, personal representatives, executors
and, after Indemnitee has ceased to have Corporate Status. 

15D.      Subrogation. In the event of any payment of Indemnifiable Amounts under
this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of contribution or recovery of Indemnitee against other persons, and Indemnitee shall take, at the request and expense of the Company, all reasonable
action necessary to secure such subrogation rights, including the execution of such documents as are necessary to enable the Company to bring suit to enforce such rights. 

15E.      Change in Law. To the extent that a change in Delaware law (whether by
statute or judicial decision) shall permit broader indemnification or advancement of expenses than is provided under the terms of the Certificate of Incorporation and/or Bylaws of the Company and this Agreement, Indemnitee shall be entitled to such
broader indemnification and advancements, and this Agreement shall be deemed to be automatically amended to such extent. 
 15F.      Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but
if any provision of this Agreement or the application of any such provision to any person, Entity or circumstance shall be held to be prohibited by, illegal or unenforceable under applicable law in any respect by a court of competent jurisdiction,
such provision shall be ineffective only to the extent of such prohibition or illegality or unenforceability, without invalidating the remainder of such provision or the remaining provisions of this Agreement. 

15G.      Indemnitee as Plaintiff. Except as provided in Section 10C of
this Agreement and in the next sentence, Indemnitee shall not be entitled to payment of Indemnifiable Amounts or advancement of Indemnifiable Expenses with respect to any Proceeding brought by Indemnitee against the Company, any Entity which it
controls, any director or officer thereof, or any third party, unless such Company has consented to the initiation of such Proceeding. This Section 15G shall not apply to counterclaims or affirmative defenses asserted by Indemnitee in
any Proceeding brought against Indemnitee. 
 15H.      Modifications and
Waiver. Except as provided in Section 15E above with respect to changes in Delaware law which broaden the right of Indemnitee to be indemnified by the Company, no supplement, modification or amendment of this Agreement shall be
binding unless executed in writing by each of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement (whether or not similar), nor shall such
waiver constitute a continuing waiver. 
 15I.      Notices. All notices,
demands or other communications to be given or delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given only (i) when delivered personally to the recipient, (ii) one
(1) business day after being sent to the recipient by reputable overnight courier service (charges prepaid) provided that confirmation of delivery is received, (iii) upon machine-generated acknowledgment of receipt after transmittal by
facsimile (provided that a confirmation copy is sent via reputable overnight courier service for delivery within two (2) business days thereafter), or (iv) five (5) business days after being mailed to the recipient by certified or
registered mail (return receipt requested and postage prepaid). Such notices, demands and other 

  
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communications shall be sent to the Company and the Indemnitee and their respective addresses indicated below or to such other address or to the attention of such other person or Entity as the
recipient party has specified by prior written notice to the sending party. 
  

					
	 (i)
	  	If to Indemnitee, to:
			
		  	 Telephone:
	  	 (    )    -

		  	 Facsimile:
	  	 (    )    -

		
	 (ii)
	  	If to the Company, to:
		
		  	Ubiquiti Networks, Inc.
		  	91 East Tasman Drive
		  	San Jose, CA 95134
		  	 Attention:
	  	Chief Executive Officer
		  	 Telephone:
	  	(408) 942-3085
		  	 Facsimile:
	  	(408) 351-4973
		
		  	 with a copy (which shall not constitute notice) to:

		
		  	Wilson Sonsini Goodrich & Rosati, P.C.
		  	650 Page Mill Road
		  	Palo Alto, CA 94304
		  	Attn:       Robert P. Latta
		  	
               Julia Reigel

		  	 Telephone:
	  	(650) 493-9300
		  	 Facsimile:
	  	(650) 493-6811

 or to such other address as may have been
furnished in the same manner by any party to the others. 
 15J.      Governing
Law. All issues and questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware without giving effect to any choice
of law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware. 

15K.      Counterparts. This Agreement and any amendments hereto or thereto, to the
extent signed and delivered in counterparts (any one of which need not contain the signatures of more than one party, but all such counterparts together shall constitute one and the same Agreement) by means of a facsimile machine or electronic
transmission in portable document format (pdf), shall be treated in all manner and respects as an original thereof and shall be considered to have the same binding legal effects as if it were the original signed version thereof delivered in person.
At the request of either party hereto, the other party hereto or thereto shall re-execute original forms thereof and deliver them to such party. No party hereto shall raise the use of a facsimile machine or electronic transmission in pdf to deliver
a signature or the fact that any signature or document was transmitted or communicated through the use of facsimile machine as a defense to the formation of a contract, and each such party forever waives any such defense. 

  
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 15L.      Descriptive Headings;
Interpretation. The headings and captions used in this Agreement and the table of contents to this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Any capitalized terms
used in any schedule or exhibit attached hereto and not otherwise defined therein shall have the meanings set forth in this Agreement. The use of the word “including” herein shall mean “including without limitation.” Any
reference to the masculine, feminine or neuter gender shall be deemed to include any gender or all three as appropriate. 
 15M.      Third Party Beneficiaries. No party other than Indemnitee is a third party beneficiary to this Agreement and is entitled to the rights and benefits hereunder
and may enforce the provisions hereof as if it were a party hereto. 

*    *    *    *    * 

  
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 IN WITNESS WHEREOF, the parties hereto have executed or caused to be
executed on their behalf this Director and Officer Indemnification Agreement as of the date first above written. 
  

			
	 COMPANY:

	
	 UBIQUITI NETWORKS, INC.

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	
	INDEMNITEE:
	
	  

	 Print Name:

  
 - 11 -Amended and Restated 2005 Equity Incentive Plan

 Exhibit 10.2 
 Pera Networks, Inc. 
 Amended and Restated 2005 Equity Incentive Plan

 1. Purpose. The purpose of the 2005 Equity Incentive Plan (the “Plan”) of Pera
Networks, Inc., a California corporation (the “Company”), is to provide incentives to attract, retain and motivate eligible persons whose present and potential contributions are important to the success of the Company by offering
them an opportunity to participate in the Company’s future performance through awards of Options, Restricted Stock, and Stock Bonuses. Capitalized terms not defined in the text are defined in Section 23. 

2. Shares Subject to the Plan. 

2.1 Number of Shares Available. Subject to Section 2.2 and 18, the total number of Shares
reserved and available for grant and issuance pursuant to the Plan shall be four million ten thousand five hundred (4,010,500) Shares. Subject to Sections 2.2 and 18, Shares shall again be available for grant and issuance in connection
with future Awards under the Plan that: (a) are subject to issuance upon exercise of an Option but cease to be subject to such Option for any reason other than exercise of such Option; (b) are subject to an Award granted hereunder but are
forfeited; or (c) are subject to an Award that otherwise terminates without Shares being issued. Subject to adjustment under Section 2.2, a maximum of ten million (10,000,000) Shares may be issued under the Plan through incentive
stock options and no individual may receive Awards during any one fiscal year of more than four million ten thousand five hundred (4,010,500) Shares hereunder. 

2.2 Adjustment of Shares. In the event that the number of outstanding Shares is changed by a stock
dividend, recapitalization, stock split, reverse stock split, subdivision, combination, reclassification or similar change in the capital structure of the Company without consideration, then (a) the number of Shares reserved for issuance under
the Plan; (b) the Exercise Prices of and number of Shares subject to outstanding Options; and (c) the number of Shares subject to other outstanding Awards shall be proportionately adjusted, subject to any required action by the Board or
the shareholder of the Company and compliance with applicable securities laws. 
 3. Eligibility. ISOs (as
defined in Section 5 below) may be granted only to employees (including officers and directors who are also employees) of the Company, or of a Parent or Subsidiary of the Company. All other Awards may be granted to employees, officers,
directors, consultants and advisors of the Company or any Parent, Subsidiary or Affiliate of the Company; provided, however, such consultants and advisors tender bona fide services not in connection with the offer and sale of securities in a
capital-raising transaction. A person may be granted more than one Award under the Plan 
 4.
Administration. 
 4.1 Committee Authority. The Plan shall be administered by
the Committee or the Board acting as the Committee. Subject to the general purposes, terms and conditions of the 

 
Plan, and to the direction of the Board, the Committee shall have full power to implement and carry out the Plan. The Committee shall have the authority to: (a) construe and interpret the
Plan, any Award Agreement and other agreement or document executed pursuant to the Plan; (a) prescribe, amend and rescind rules and regulations relating to the Plan; (b) select persons to receive Awards; (c) determine the form and
terms of Awards; (d) determine the number of Shares or other consideration subject to Awards; (e) determine whether Awards will be granted singly, in combination, in tandem with, in replacement of, or as alternative to, other Awards under
the Plan or any other incentive or compensation plan of the Company or any Parent, Subsidiary or Affiliate of the Company; (f) grant waivers of Plan or Award conditions; (g) determine the vesting, exercisability and payment of Awards;
(h) correct any defect, supply any omission, or reconcile any inconsistency in the Plan, any Award or any Award Agreement; (i) determine whether an Award has been earned; and (j) make all other determinations necessary or advisable
for the administration of the Plan. 
 4.2 Committee Discretion. Any determination made by
the Committee with respect to any Award shall be made in its sole discretion at the time of the grant of the Award or, unless in contravention of any express term of the Plan or Award, at any later time, and such determination shall be final and
binding on the company and all persons having an interest in any Award under the Plan. The Committee may delegate to one or more officers of the Company the authority to grant an Award under the Plan to Participants who are not Insiders of the
Company. 
 4.3 Exchange Act Requirements. If the Company is subject to the Exchange Act,
the Company will take appropriate steps to comply with the disinterested director requirements of Section 16(b) of the Exchange Act, including but not limited to, the appointment by the Board of a Committee consisting of not less than two
(2) persons (who are members of the Board), each of whom is a Disinterested Person. 
 5. Options. The
Committee may grant Options to eligible persons and shall determine whether such Options shall be Incentive Stock Options within the meaning of the Code (“ISOs”) or Nonqualified Stock Options (“NSOs”), the number of
Shares subject to the Option, the Exercise price of the Option, the period during which the Option may be exercised, and all other terms and conditions of the Option, subject to the following: 

5.1 Form of Option Grant. Each Option granted under the Plan shall be evidenced by an Award Agreement
which shall expressly identify the Option as an ISO or NSO (“Stock Option Agreement”), and be in such form and contain such provisions (which need not be the same for each Participant) as the Committee shall from time to time
approve, and which shall comply with and be subject to the terms and conditions of the Plan. 
 5.2
Date of Grant. The date of grant of an Option shall be the date on which the Committee makes the determination to grant such Option, unless otherwise specified by the Committee. The Stock Option Agreement and a copy of the Plan will be
delivered to the Participant within a reasonable time after the granting of the Option. 
 5.3
Exercise Period. Options shall be exercisable within the times or upon the events determined by the Committee as set forth in the Stock Option Agreement; provided, however,

  
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that no Option shall be exercisable after the expiration for ten (10) years from the date the Option is granted, and provided further that no Option granted to a person who directly or by
attribution owns more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary of the Company (“Ten Percent Shareholder”) shall be exercisable after the
expiration for five (5) years from the date the Option is granted. The Committee also may provide for the Options to become exercisable at the time or from time to time, periodically or otherwise, in such number of percentage as the Committee
determines. 
 5.4 Exercise Price. The Exercise Price shall be determined by the Committee
when the Option is granted and may be not less than eighty-five percent (85%) of the Fair Market Value of the Shares on the date of grant; provided that (i) the Exercise Price of an ISO shall be not less than one hundred percent
(100%) of the Fair Market Value of the Shares on the date of grant; and (ii) the Exercise Price of any Option granted to a Ten Percent Shareholder shall not be less than one hundred ten percent (110%) of the Fair Market Value of the
Shares on the date of grant. Payment for the Shares purchased may be made in accordance with Section 8 of the Plan. 
 5.5 Method of Exercise. Options may be exercised only by delivery to the Company of a written stock option exercise agreement (the “Exercise Agreement”) in a form
approved by the Committee (which need not be the same for each Participant), stating the number of shares being purchased, the restrictions imposed on the Shares, if any, and such representations and agreements regarding Participant’s
investment intent and access to information and other matters, if any, as may be required or desirable by the Company to comply with applicable securities laws, together with appropriate payment of the Exercise Price for the number of Shares being
purchased. 
 5.6 Termination. Notwithstanding the exercise periods set forth in Option the
Stock Option Agreement, exercise of an Option shall always be subject to the following: 
 (a) If the Participant
is Terminated for any reason except death or Disability, then Participant may exercise such Participant’s Options only to the extent that such Options would have been exercisable upon the Termination Date, and no later than three
(3) months after the Termination Date (or such shorter time period as may be specified in the Stock Option Agreement), but in any event, no later than the expiration date of the Options. 

(b) If the Participant is terminated because of death or Disability (or the Participant dies within three (3) months
of such termination), then Participant’s Options may be exercised only to the extent that such Options would have been exercisable by Participant on the Termination Date, and must be exercised by Participant (or Participant’s legal
representative or authorized assignee) no later than twelve (12) months after the Termination Date (or such shorter time period as may be specified in the Stock Option Agreement), but in any event no later than the expiration date of the
Options; provided, however, that in the event of termination due to Disability other than as defined in Section 22(e)(3) of the Code, any ISO that remains exercisable after ninety (90) days after the date of termination shall be
deemed a NSO. 
 5.7 Limitations on Exercise. The Committee may specify a reasonable minimum
number of Shares that may be purchased on any exercise of an Option; provided, however, 

  
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that such minimum number will not prevent Participant from exercising the Option for the full number of Shares for which it is then exercisable. 

5.8 Limitations on ISOs. The aggregate Fair Market Value (determined as of the date of grant) of
Shares with respect to which ISOs are exercisable for the first time by a Participant during any calendar year (under the Plan or under any other incentive stock option plan of the Company or any Affiliate, Parent or Subsidiary of the Company) shall
not exceed One Hundred Thousand Dollars ($100,000). If the Fair Market Value of Shares on the date of grant with respect to which ISOs are exercisable for the first time by a Participant during any calendar year exceeds One Hundred Thousand Dollars
($100,000), the Options for the first One Hundred Thousand Dollars ($100,000) worth of Shares to become exercisable in such calendar year shall be ISOs and the Options for the amount in excess of One Hundred Thousand Dollars ($100,000) that become
exercisable in that calendar year shall be NSOs. In the event that the Code or the regulations promulgated thereunder are amended after the Effective Date of the Plan to provide for a different limit on the Fair Market Value of Shares permitted to
be subject to ISOs, such different limit shall be automatically incorporated herein and shall apply to any Options granted after the effective date of such amendment. 

5.9 Modification, Extension or Renewal. The Committee may modify, extend or renew outstanding Options
and authorize the grant of new Options in substitution therefore; provided, however, that any such action may not, without the written consent of Participant, impair any of the Participant’s rights under any Option previously granted.
Any outstanding ISO that is modified, extended, renewed or otherwise altered shall be treated in accordance with Section 424(h) of the Code. The Committee may reduce the Exercise Price of outstanding Options without the consent of Participants
affected by a written notice to them; provided, however, that the Exercise Price may not be reduced below the minimum Exercise Price that would be permitted under Section 5.4 of the Plan for Options granted on the date the action is
taken to reduce the Exercise Price. 
 5.10 No Disqualification. Notwithstanding any other
provision in the Plan, no term of the Plan relating to ISOs shall be interpreted, amended or altered, nor shall any discretion or authority granted under the Plan be exercised, so as to disqualify the Plan under Section 422 of the Code or,
without the consent of the Participant affected, to disqualify any ISO under Section 422 of the Code. 
 6.
Restricted Stock. A Restricted Stock Award is an offer by the Company to sell to an eligible person Shares that are subject to restrictions. The Committee shall determine to whom an offer will be made, the number of Shares the person
may purchase, the price to be paid (the “Purchase Price”), the restrictions to which the Shares shall be subject, and all other terms and conditions of the Restricted Stock Award, subject to the following: 

6.1 Form of Restricted Stock Award. All purchases under a Restricted Stock Award made pursuant to the
Plan shall be evidenced by an Award Agreement (“Restricted Stock Purchase Agreement”) that shall be in such form (which need not be the same for each Participant) as the Committee shall from time to time approve, and shall comply
with and be subject to the terms and conditions of the Plan. The offer of Restricted Stock Purchase Agreement and full payment for 

  
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the shares to the Company within thirty (30) days from the date the Restricted Stock Purchase is delivered to the person. If such person does not execute and deliver the Restricted Stock
Purchase Agreement along with full payment for the Shares to the Company within thirty (30) days, then the offer shall terminate, unless otherwise determined by the Committee. 

6.2 Purchase Price. The Purchase Price of Shares sold pursuant to a Restricted Stock Award shall be
determined by the Committee and shall be at least eighty-five percent (85%) of the Fair Market Value of the Shares on the date the Restricted Stock Award is granted, except in the case of a sale to a Ten Percent Shareholder, in which case the
Purchase Price shall be one hundred and ten percent (110%) of the Fair Market Value. Payment of the Purchase Price may be made in accordance with Section 8 of the Plan. 

6.3 Restrictions. Restricted Stock Awards shall be subject to such restrictions as the Committee may
impose. The Committee may provide for the lapse of such restrictions in installments and may accelerate or waive such restrictions, in whole or in part, based on length of service, performance or such other factors or criteria as the Committee may
determine. Restricted Stock Awards the Committee intends to qualify under Code section 162(m) shall be subject to a performance-based goal. Restrictions on such stock shall lapse based on one or more of the following performance goals: stock price,
market share, sales increases, earning per share, return on equity, cost reductions, or any other similar performance measure established by the Committee. Such performance measures shall be established by the Committee, in writing, no later than
the earlier of (a) ninety (90) days after the commencement of the performance period with respect to which the Restricted Stock award is made and (b) the date as of which twenty-five percent (25%) of such performance period has
elapsed. 
 7. Stock Bonuses. 

7.1 Awards of Stock Bonuses. A Stock Bonus is an award of Shares (which may consist of Restricted
Stock) for services rendered to the Company or any Parent, Subsidiary or Affiliate of the Company. A Stock Bonus may be awarded for past services already rendered to the Company, or any Parent, Subsidiary or Affiliate of the Company pursuant to an
Award Agreement (the “Stock Bonus Agreement”) that shall be in such form (which need not be the same for each Participant) as the Committee shall from time to time approve, and shall comply with and be subject to the terms and
conditions of the Plan subject to Section 7.2 herein, a Stock Bonus may be awarded upon satisfaction of such performance goals as are set out in advance in Participant’s individual Award Agreement (the “Performance Stock Bonus
Agreement”) that shall be in such form (which need not be the same for each Participant) as the Committee shall from time to time approve, and shall comply with and be subject to the terms and consideration of the Plan. Stock Bonuses may
vary from Participant to Participant and between groups of Participants, and may be based upon such other criteria as the Committee may determine. 
 7.2 Code Section 162(m). A Stock Bonus that the Committee intends to qualify for the performance-based exception under Code section 162(m) shall only be awarded based upon the
attainment of one or more of the following performance goals: stock price, market share, sales increases, earning per share, return on equity, cost reductions, or any other similar performance measure established by the Committee. Such performance
measures shall be established by the 

  
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Committee, in writing, no later than the earlier of: (a) ninety (90) days after the commencement of the performance period with respect to which the Stock Bonus award is made; and
(b) the date as of which twenty-five percent (25%) of such performance period has elapsed. 

7.3 Terms of Stock Bonuses. The Committee shall determine the number of Shares to be awarded to the
Participant and whether such Shares shall be Restricted Stock. If the Stock Bonus is being earned upon the satisfaction of performance goals pursuant to a Performance Stock Bonus Agreement, then the Committee shall determine: (a) the nature,
length and starting date of any period during which performance is to be measured (the “Performance Period”) for each Stock Bonus; (b) the performance goals and criteria to be used to measure the performance, if any;
(c) the number of Shares that may be awarded to the Participant; and (d) the extent to which such Stock Bonuses have been earned. Performance Periods may overlap and Participants may participate simultaneously with respect to Stock Bonuses
that are subject to different Performance Periods and different performance goals and other criteria. The number of Shares may be fixed or may vary in accordance with such performance goals and with criteria as may be determined by the Committee.
The Committee may adjust the performance goals applicable to the Stock Bonuses to take into account changes in law and accounting or tax rules and to make such adjustments as the Committee deems necessary or appropriate to reflect the impact of
extraordinary or unusual times, events or circumstances to avoid windfalls or hardships. 
 7.4 Form
of Payment. The earned portion of a Stock Bonus may be paid currently or on a deferred basis with such interest or dividend equivalent, if any, as the Committee may determine. Payment may be made in the form of cash, whole Shares including
Restricted Stock, or a combination thereof, either in a lump sum payment or in installments, all as the Committee shall determine. 
 7.5 Termination During Performance Period. If a Participant is Terminated during a Performance Period for any reason, then such Participant shall be entitled to payment (whether in
Shares, cash or otherwise) with respect to the Stock Bonus only to the extent earned as of the date of Termination in accordance with the Performance Stock Bonus Agreement, unless the Committee shall determine otherwise. 

8. Payment For Share Purchases. 

8.1 Payment. Payment for Shares purchased pursuant to the Plan may be made in cash (by check) or,
where expressly approved for the Participant by the Committee and where permitted by law: 
 (a) By cancellation
of indebtedness of the Company to the Participant; 
 (b) By surrender of Shares that either (1) have been
owned by Participant for more than six (6) months and have been paid for within the meaning of SEC Rule 144 (and, if such shares were purchased from the Company by use of a promissory note, such note has been fully paid with respect to such
Shares); or (2) were obtained by Participant in the public market; 

  
 -6-

 (c) by tender of a full recourse promissory note having such terms as may be
approved by the Committee and bearing interest at a rate sufficient to avoid imputation of income under Sections 483 and 1274 of the Code; provided, however, that Participants who are not employees of the Company shall not be entitled to
purchase Shares with a promissory note unless the note is adequately secured by collateral other than the Shares. 
 (d) by waiver of compensation due or accrued to Participant for services rendered; 
 (e) by tender of property; 
 (f) with respect only to purchases
upon exercise of an Option, and provided that a public market for the Company’s stock exists: 
 (1)
through a “same day sale” commitment from Participant and a broker-dealer that is a member of the National Association of Securities Dealers (an “NASD Dealer”) whereby the Participant irrevocably elects to exercise the
Option and to sell a portion of the Shares so purchased to pay for the Exercise Price, and whereby the NASD Dealer irrevocably omits upon receipt of such Shares to forward the Exercise Price directly to the Company; or 

(2) through a “margin” commitment from Participant and an NASD Dealer whereby Participant irrevocably elects to
exercise the Option and to pledge the Shares so purchased to the NASD Dealer in a margin account as security for a loan from the NASD Dealer in the amount of the Exercise Price, and whereby the NASD Dealer irrevocably commits upon receipt of such
Shares to forward the exercise price directly to the Company; or 
 (g) with respect to purchases upon exercise
of an Option: 
 (1) In the event that the Option is exercised immediately prior to the closing by the Company
of a Corporate Transaction as defined in Section 18.1 below, or the closing of the initial public offering of the Company’s Common Stock pursuant to a registration statement under the Securities Act (the “Initial Public
Offering”), in lieu of exercising the Option in the manner provided above, the Participant may elect to receive shares equal to the value of the Option (or the portion thereof being canceled) by surrender of the Option at the principal
office of the Company together with notice of such election in which event the Company shall issue to holder a number of shares of Common Stock computed using the following formula: 

X = Y (A – B) 
         A 
 Where X = The
number of shares of Common Stock to be issued to the Participant. 

            Y = The number of shares of Common Stock
purchasable under the Option (at the date of such calculation). 

  
 -7-

             A =
The fair market value of one share of Common Stock (at the date of such calculation). 

            B = The Purchase Price (as adjusted to the date of
such calculation). 
 (2) For purposes of this Section (g), the fair market value of the Company’s
Common Stock shall be the price per share which the Company receives for a single share of Common Stock in the Corporate Transaction, or, if the Option is exercised in connection with the Initial Public Offering, the fair market value of the
Company’s Common Stock shall be equal to the mid-price of the range of prices set forth in the registration statement relating to the Initial Public Offering or, if a subsequent amendment thereto sets forth a different range of prices (other
than a “pricing amendment” setting forth s single, final price) then the mid-price of the range of prices set forth in such amendment; or 
 (h) by any combination of the foregoing. 
 8.2 Loan
Guaranties. The Committee may help the Participant pay for Shares purchased under the Plan by authorizing a guaranty by the Company of a third-party loan to the Participant. 

9. Withholding Taxes. 
 9.1 Withholding Generally. Whenever Shares are to be issued in satisfaction of Awards granted under the Plan, the Company may require the Participant to remit to the Company an amount
sufficient to satisfy federal, state and local withholding tax requirements prior to the delivery of any certificate or certificates for such Shares. Whenever, under the Plan, payments in satisfaction of Awards are to be made in cash, such payment
shall be net of an amount sufficient to satisfy federal, state, and local withholding tax requirements. 

9.2 Stock Withholding. When, under applicable tax laws, a Participant incurs tax liability in
connection with the grant, exercise or vesting of any Award that is subject to tax withholding and the Participant is obligated to pay the Company the amount required to be withheld, the Committee may allow the Participant to satisfy the minimum
withholding tax obligation by electing to have the Company withhold from the Shares to be issued that number of Shares having a Fair Market Value equal to the minimum amount required to be withheld, determined on the date that the amount of tax to
be withheld, determined on the date that the amount of tax to be withheld is to be determined (the “Tax Date”). All elections by a Participant to have Shares withheld for this purpose shall be made in writing in a form acceptable to
the Committee and shall be subject to the following restrictions: 
 (a) the election must be made on or prior to
the applicable Tax Date; 
 (b) once made, then except as provided below, the election shall be irrevocable as to
the particular Shares as to which the election is made; 
 (c) all elections shall be subject to the consent or
disapproval of the Committee; 

  
 -8-

 (d) if the Participant is an Insider and if the Company is subject to
Section 16(b) of the Exchange Act: (1) the election may not be made within six (6) months of the date of grant of the Award, except as otherwise permitted by SEC Rule 16b-3(e) under the Exchange Act, and (2) either (A) the
election to use stock withholding must be irrevocably made at least six (6) months prior to the Tax Date (although such election may be revoked at any time at least six (6) months prior to the Tax Date), or (B) the exercise of the
Option or election to use stock withholding must be made in the ten (10) day period beginning on the third day following the release of the Company’s quarterly or annual summary statement of sales or earnings; and 

(e) In the event that the Tax Date is deferred under Section 83 of the Code, the Participant shall receive the full
number of Shares with respect to which the exercise occurs, but such Participant shall be unconditionally obligated to tender back to the Company the proper number of Shares on the Tax Date. 

10. Privileges of Stock Ownership. 

10.1 Voting and Dividends. No Participant shall have any of the rights of a shareholder with respect
to any Shares until the Shares are issued to the Participant. After Shares are issued to the Participant, the Participant shall be a shareholder and have all the rights of a shareholder with respect to such Shares, including the right to vote and
receive all dividends or other distributions made or paid with respect to such Shares; provided, however, that if such Shares are Restricted Stock, then any new, additional or different securities the Participant may become entitled to
receive with respect to such Shares by virtue of a stock dividend, stock split or any other change in the corporate or capital structure of the Company shall be subject to the same restrictions as the Restricted Stock. 

11. Transferability. Awards granted under the Plan, and any interest therein, shall not be transferable or
assignable by Participant, and may not be made subject to execution, attachment or similar process, otherwise than by will or by the laws of descent and distribution or as consistent with the specific Plan and Award Agreement provisions relating
thereto. During the lifetime of the Participant an Award shall be exercisable only by the Participant, and any elections with respect to an Award may be made only by the Participant. 

12. Restrictions on Shares. At the discretion of the Committee, the Company may reserve to itself and/or its
assignee(s) in the Award Agreement a right of first refusal to purchase all Shares that a Participant (or a subsequent transferee) may propose to transfer to a third party. 
 13. Certificates. All certificates for Shares or other securities delivered under the Plan shall be subject to such stock transfer orders, legends and other restriction as the
Committee may deem necessary or advisable, including restrictions under any applicable federal, state or foreign securities law, or any rules, regulations and other requirements of the SEC or any stock exchange or automated quotation system upon
which the Shares may be listed. 
 14. Escrow; Pledge of Shares. To enforce any restrictions on a
Participant’s Shares, the Committee may require the Participant to deposit all certificates representing Shares, together with stock powers or other instruments of transfer approved by the Committee, appropriately endorsed in

  
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blank, with the Company or an agent designated by the Company to hold in escrow until such restrictions have lapsed or terminated, and the Committee may cause a legend or legends referencing such
restrictions to be placed on the certificates. Any Participant who is permitted to execute a promissory note as a partial or full consideration for the purchase of Shares under the Plan shall be required to place and deposit with the Company all or
part of the Shares so purchased as collateral to secure the payment of Participant’s obligation to the Company under the promissory note; provided, however, that the Committee may require or accept other or additional forms of collateral
to secure the payment of such obligation and, in any event, the Company shall have full recourse against the Participant under the promissory note notwithstanding any pledge of the Participant’s Shares or other collateral. In connection with
any pledge of the Shares, Participant shall be required to execute and deliver a written pledge agreement in such form as the Committee shall from time to time approve. The Shares purchased with the promissory note may be released from the pledge on
a pro rata basis as the promissory note is paid. 
 15. Exchange and Buyout of Awards. The Committee may,
at any time, or from time to time, authorize the Company, with the consent of the respective Participants, to issue new Awards in exchange for the surrender and cancellation of any or all outstanding Awards. The Committee may at any time buy from a
Participant an Award previously granted with payment in cash, Shares (including Restricted Stock) or other consideration, based on such terms and conditions as the Committee and the Participant shall agree. 

16. Securities Law and Other Regulatory Compliance. 

16.1 Securities and Corporate Law. An Award shall not be effective unless such Award is in compliance
with all applicable federal and state securities laws, rules and regulations of any governmental body, and the requirements of any stock exchange or automated quotation system upon which the Shares may then be listed, as they are in effect on the
date of grant of the Award and also on the date of exercise or other issuance. Notwithstanding any other provision in the Plan, the Company shall have no obligation to issue or deliver certificates for Shares under the Plan prior to
(a) obtaining any approvals from governmental agencies that the Company determines are necessary or advisable, and/or (b) completion of any registration or other qualification of such shares under any state or federal law or ruling of any
governmental body that the Company determines to be necessary or advisable. The Company shall be under no obligation to register the Shares with the SEC or to effect compliance with the registration, qualification or listing requirements of any
state securities laws, stock exchange or automated quotation system, and the Company shall have no liability for inability or failure to do so. 
 16.2 Deferred Compensation Tax Compliance. The Plan and the Awards granted under the Plan shall comply with the requirements of Section 409A of the Code dealing with nonqualified
deferred compensation plans, including the distribution, acceleration of benefits and deferral election requirements, as those may be interpreted and applied. 
 17. No Obligation to Employ. Nothing in the Plan or any Award granted under the Plan shall confer or be deemed to confer on any Participant any right to continue in the employ of, or
to continue any other relationship with, the Company or any Parent, Subsidiary or Affiliate of the Company or limit in any way the right of the Company or any Parent, Subsidiary or Affiliate of the

  
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Company to terminate Participant’s employment or other relationship at any time, with or without cause or notice. 
 18. Corporate Transactions. 
 18.1
Assumption or Replacement of Awards by Successor. In the event of (a) a merger or consolidation in which the Company is not the surviving corporation (other than a merger or consolidation with a wholly-owned subsidiary, a
reincorporation of the Company in a different jurisdiction, or other transaction in which there is no substantial change in the shareholders of the company and the Awards granted under the Plan are assumed or replaced by the successor corporation,
which assumption shall be binding on all Participants); (b) a dissolution or liquidation of the Company; (c) the sale of substantially all of the assets of the Company; or (d) upon the acquisition of stock representing more than
eighty percent (80%) of the voting power of the stock of the Company (a “Corporate Transaction”) then outstanding by another entity or person, any or all outstanding Awards may be assumed or replaced by the successor
corporation (if any), which assumption or replacement shall be binding on all Participants. In the alternative, the successor corporation may substitute equivalent Awards or provide substantially similar consideration to Participants as was provided
to shareholders (after taking into account the existing provisions of the Awards). The successor corporation may also issue, in place of outstanding Shares of the Company held by the Participant, substantially similar shares or other property
subject to repurchase restrictions no less favorable to the Participant. 
 In the events such successor
corporation (if any) refuses to assume or substitute Options, as provided above, pursuant to a Corporate Transaction, the Board or Committee, as applicable, may upon written notice to the affected Grantee, provide that, upon a Corporate Transaction
(a) all or a portion of a Grantee’s Option, whether or not exercisable on the date of such Corporate Transaction, shall accelerate and thereupon be fully exercisable and vested in whole or in part, and the holders thereof shall be provided
notice of such acceleration and an opportunity to exercise the Options in full in the transaction, and such Options shall expire in such transaction at such time and on such conditions as the Board shall determine; (b) all or a portion of a
Grantee’s Restricted Shares or Stock Bonus that were forfeitable shall thereupon become non-forfeitable and vested in whole or in part; or (c) the unvested portion of a Grantee’s Option shall expire in such transaction at such time
and on such conditions as the Board shall determine. The Board or Committee, as applicable, may take this action despite the fact that it may disqualify all or a part of an Option as an Incentive Stock Option. The instrument evidencing any Option
may also provide for such acceleration of otherwise unexercisable portion of the Option upon other specified events or occurrences, such as involuntary terminations of the option holder’s employment following certain changes in the control of
the Company. 
 18.2 Other Treatment of Awards. Subject to any greater rights granted to
Participants under the foregoing provisions of this Section 18, in the event of the occurrence of a Corporate Transaction, any outstanding Awards shall be treated as provided in the applicable agreement or plan of merger, consolidation,
dissolution liquidation, sale of assets or other “corporate transaction.” 

  
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 18.3 Assumption of Awards by the Company. The Company,
from time to time, also may substitute or assume outstanding awards granted by another company, whether in connection with an acquisition of such other company or otherwise, by either (a) granting an Award under the Plan in substitution of such
other company’s award; or (b) assuming such award as if it had been granted under the Plan if the terms of such assumed award could be applied to an Award granted under the Plan. Such substitution or assumption shall be permissible if the
holder of the substituted or assumed award would have been eligible to be granted an Award under the Plan if the other company had applied the rules of the Plan to such grant. In the event the Company assumes an award granted by another company, the
terms and conditions of such award shall remain unchanged (except that the exercise price and the number and nature of Shares issuable upon exercise of any such option will be adjusted approximately pursuant to Section 424(a) of the
Code). In the event the Company elects to grant a new Option rather than assuming an existing option, such new Option may be granted with a similarly adjusted Exercise Price. 
 19. Adoption and Shareholder Approval. The Plan shall become effective on the date that it is adopted by the Board (the “Effective Date”). The Plan shall be approved
by the shareholder of the Company (excluding Shares issued pursuant to this Plan), consistent with applicable laws, within twelve months before or after the Effective Date. Upon the Effective Date, the Board may grant Awards pursuant to the Plan;
provided, however, that: (a) no Option may be exercised prior to initial shareholder approval of the Plan; (b) no Option granted pursuant to an increase in the number of Shares approved by the Board shall be exercised prior to the
time such increase has been approved by the shareholders of the Company; and (c) in the event that shareholder approval is not obtained within the time period provided herein, all Awards granted hereunder shall be cancelled, any Shares issued
pursuant to any Award shall be cancelled and any purchase of Shares hereunder shall be rescinded. After the Company becomes subject to Section 16(b) of the Exchange Act, the company will comply with the requirements of Rule 16b-3 (or its
successor), as amended, with respect to shareholder approval. 
 20. Term of Plan. The Plan will terminate
ten (10) years from the Effective Date or, if earlier, the date of shareholder approval of the Plan. 
 21.
Amendment or Termination of Plan. The Board may at any time terminate or amend the Plan in any respect, including without limitation amendment of any form of Award Agreement or instrument to be executed pursuant to the Plan;
provided, however, that the Board shall not, without the approval of the shareholders of the Company, amend the Plan in any manner that requires such shareholder approval pursuant to the Code or the regulations promulgated thereunder as such
provisions apply to ISO plans or pursuant to the Exchange Act or Rule 16b-3 (or its successor), as amended, thereunder. 

22. Nonexclusively of the Plan. Neither the adoption of the Plan by the Board, the submission of the Plan to the
shareholders of the Company for approval, nor any provision of the plan shall be construed as creating any limitations on the power of the Board to adopt such additional compensation arrangements as it may deem desirable, including, without
limitation, the granting of stock options and bonuses otherwise than under the plan, and such arrangements may be either generally applicable or applicable only in specific cases. 

23. Definitions. As used in the Plan, the following terms shall have the following meanings: 

  
 -12-

 “Affiliate” means any corporation that directly, or
indirectly through one or more intermediaries, controls or is controlled by, or is under common control with, another corporation, where “control” (including the terms “controlled by” and “under common control with”)
means the possession, direct or indirect, of the power to cause the direction of the management and policies of the corporation, whether through the ownership of voting securities, by contract or otherwise. 

“Applicable Laws” means the legal requirements relating to the administration of stock option, restricted
stock purchase and stock bonus plans, including under applicable U.S. state corporate laws, U.S. federal and applicable state securities laws, other U.S. federal and state laws, the Code, any stock exchange rules or regulations and the applicable
laws, rules and regulations of any other country or jurisdiction where Options, Restricted Stock or Stock Bonuses are granted under the Plan, as such laws, rules, regulations and requirements shall be in place from time to time. 

“Award” means any award under the Plan, including any Option, Restricted Stock or Stock Bonus.

 “Award Agreement” means with respect to each Award, the signed written agreement between the
Company and the Participant setting forth the terms and conditions of the Award. 
 “Board”
means the Board of Directors of the Company. 
 “Code” means the Internal Revenue Code of 1986,
as amended. 
 “Committee” means the committee appointed by the Board to administer the laws of
the State of California, or any successor corporation. 
 “Company” means Pera Networks, Inc.,
a corporation organized under the laws of the State of California, or any successor corporation. 

“Consultant” means any person, including an advisor, who is engaged by the Company or any Parent,
Subsidiary or Affiliate to render services and is compensated for such services, and any director of the Company, whether compensated for such services or not. 
 “Continuous Status” means the absence of any interruption or termination of service as an Employee or Consultant. Continuous Status as an Employee or Consultant shall not be considered
interrupted in the case of: (i) sick leave; (ii) military leave; (iii) any other leave of absence approved by the Committee, provided that such leave is for a period of not more than 90 days, unless reemployment upon the expiration of
such leave is guaranteed by contract or statute, or unless provided otherwise pursuant to Company policy adopted from time to time; or (iv) in the case of transfers between locations of the Company or between the Company, its Parent,
Subsidiaries, Affiliates or their respective successors. A change in status from an Employee to a Consultant or from a Consultant to an Employee will not constitute an interruption of Continuous Status. 

“Director” means a member of the Board. 

“Disability” means a disability, whether temporary or permanent, partial or total, as determined by the
Committee. 
 “Disinterested Person” means a director who has not, during the period that person
is a member of the Committee, been granted or awarded equity securities pursuant to the Plan or any 

  
 -13-

 
other plan of the Company or any Parent, Subsidiary or Affiliate of the Company, except in accordance with the requirements set forth in Rule 16b-3(c)(2)(i) (and any successor regulation thereto)
as promulgated by the SEC under Section 16(b) of the Exchange Act, as such rule is amended from time to time and as interpreted by the SEC. 
 “Employee” means any person employed by the Company or any Parent, Subsidiary or Affiliate, with the status of employment determined based upon such factors as are deemed appropriate by
the Committee in its discretion, subject to any requirements of the Code or the Applicable Laws. The payment by the Company of a director’s fee to a Director shall not be sufficient to constitute “employment” of such Director by the
Company. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Exercise Price” means the price at which a holder of an Option may purchase the Shares issuable upon
exercise of the Option. 
 “Fair Market Value” means, as of any date, the value of a share of
the Company’s Common Stock determined as follows: 
 (a) if such Common Stock is then quoted on the Nasdaq
National Market, its last reported sale price on the Nasdaq National Market or, if no such reported sale takes place on such date, the average of the closing bid and asked prices; 

(b) if such Common Stock is publicly traded and is then listed on a national securities exchange, the last reported sale
price or, if no such reported sale takes place on such date, the average of the closing bid and asked prices on the principal national securities exchange on which the Common Stock is listed or admitted to trading; 

(c) if such Common Stock is publicly traded but is not quoted on the Nasdaq National Market nor listed or admitted to
trading on a national securities exchange, the average of the closing bid and asked prices on such date, as reported by The Wall Street Journal, for the over-the-counter market; or 

(d) if none of the foregoing is applicable, by the Board of Directors of the Company in good faith. 

“Insider” means an officer or director of the Company or any other person whose transactions in the
Company’s Common Stock are subject to Section 16 of the Exchange Act. 
 “Option”
means an award of an option to purchase Shares pursuant to Section 5. 
 “Parent” means any
corporation (other than the Company) in an unbroken chain of corporations ending with the Company, if at the time of the granting of an Award under the Plan, each of such corporations other than the Company owns stock possessing fifty percent (50%),
or more, of the total combined voting power of all classes of stock in one of the other corporations in such chain. 

  
 -14-

 “Parent” means any corporation (other than the Company) in
an unbroken chain of corporations ending with the Company, if at the time of the granting of an Award under the Plan, each of such corporations other than the Company owns stock possessing fifty percent (50%), or more, of the total combined voting
power of all classes of stock in one of the other corporations in such chain. 
 “Participant”
means a person who receives an Award under the Plan. 
 “Plan” means this Pera Networks, Inc.
Amended and Restated 2005 Equity Incentive Plan, as amended from time to time. 
 “Restricted Stock
Award” means an award of Shares pursuant to Section 6. 
 “SEC” means the
Securities and Exchange Commission. 
 “Securities Act” means the Securities Act of 1933, as
amended. 
 “Shares” means shares of the Company’s Common Stock reserved for issuance under
the Plan, as adjusted pursuant to Sections 2 and 15, and any successor security. 
 “Stock
Bonus” means an award of Shares, or cash in lieu of Shares, pursuant to Section 7. 

“Subsidiary” means any corporation (other than the Company) in an unbroken chain of corporations
beginning with the Company if, at the time of granting of the Award, each of the corporations other than the last corporation in the unbroken chain owns stock possessing fifty percent (50%), or more, of the total combined voting power of all classes
of stock in one of the other corporations in such claim. 
 “Termination” or
“Terminated” means, for purposes of the Plan with respect to a Participant, that the Participant has ceased to provide services as an employee, director, consultant or adviser, to the Company or a Parent, Subsidiary or Affiliate of
the Company, except in the case of sick leave, military leave, or any other leave of absence approved by the Committee; provided, however, that such leave is for a period of not more than ninety (90) days, or reinstatement upon the
expiration of such leave is guaranteed by contract or statute. The Committee shall have sole discretion to determine whether a Participant has ceased to provide services and the effective date on which the Participant ceased to provide services (the
“Termination Date”). 

  
 -15-

 THE SECURITY REPRESENTED BY THIS CERTIFICATE HAS BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR
IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISPOSITION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE LAW. 
 UBIQUITI NETWORKS, INC. 

STOCK OPTION AGREEMENT 
 Pursuant to the 2005 Equity Incentive Plan 
 NOTICE OF STOCK OPTION GRANT

 Optionee’s Name and Address: 
 _________________________ 
 _________________________ 

_________________________ 
 You
have been granted an option to purchase shares of Common Stock of the Company, subject to the terms and conditions of the Plan and this Option Agreement, as follows: 
  

					
	 Grant Number
	  	_________________	  	
	 Date of Grant
	  	_________________	  	
	 Vesting Commencement Date
	  	_________________	  	
	 Exercise Price per Share (“Purchase Price”)
	  	_________________	  	
	 Total Number of Shares Granted
	  	_________________	  	(the “Shares”)
	 Total Exercise Price
	  	_________________	  	
	 Type of Option (ISO or NSO)
	  	_________________	  	
	 Term/Expiration Date
	  		  	
	 (ten years after grant):
	  	_________________	  	

 AGREEMENT 
  

	1.	Vesting Schedule: 

Subject to other limitations set forth in this Agreement, this Option may be exercised, in whole or in part, at any time; provided, that
any Shares purchased under this Option shall be subject to the terms of the repurchase right set forth in the form of exercise notice attached hereto until such time as they vest, and provided further, that after Optionee’s Continuous Status as
an employee, director or consultant is terminated, Optionee may not elect to exercise any portion of the Option which remains subject to any repurchase rights. 
 The repurchase right shall lapse and the Optionee shall acquire a vested interest in Shares purchased hereunder in accordance with the following schedule: 

 One-fourth of the shares will vest after one year of full-time employment. Thereafter,
shares will vest at a rate of one-sixteenth per quarter under full-time employment, until fully vested, unless vesting ceases as set forth in the Plan or this Stock Option Agreement. 

 

	2.	Termination Period. This Option may be exercised for three (3) months after termination of the Optionee’s employment or consulting relationship,
or such longer period as may be applicable upon death or disability of Optionee as provided in the Agreement (“Termination Period”). In the event of the Optionee’s change in status from employee to consultant or
consultant to employee, this Option Agreement shall terminate unless the Company notifies Optionee that the Option shall remain in effect; provided, however, that in the event of a change in status from employee to consultant, Optionee’s
Incentive Stock Option shall cease to be treated as an Incentive Stock Option and shall be treated as a Non-Qualified Stock Option on the first day following the three-month period after such change in status. In no event shall this Option be
exercised later than the Term/Expiration Date as provided above. 

  

	3.	Grant of Option. Ubiquiti Networks, Inc., a California corporation (the “Company”), hereby grants to the Optionee named in the
Notice of Stock Option Grant (the “Optionee”), an option (the “Option”) to purchase the total number of shares of Common Stock (the “Shares”) set forth in the Notice of Stock
Option Grant, at the exercise price per share set forth in the Notice of Stock Option Grant (the “Exercise Price”) subject to the terms, definitions and provisions of the Company’s 2005 Equity Incentive Plan (the
“Plan”) adopted by the Company, which is incorporated herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Option Agreement.

 If designated in the Notice of Stock Option Grant as an Incentive Stock Option, this Option is intended to
qualify as an Incentive Stock Option as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). Nevertheless, to the extent that it exceeds the one hundred thousand dollar ($100,000)
annual vesting limitation of Section 422(d) of the Code, this Option shall be treated as a Non-Qualified Stock Option. 
  

	4.	Exercise of Option. 

 a. Right to Exercise. This Option shall be exercisable during its term in accordance with the Vesting Schedule set out in the Notice of Stock Option Grant and with the applicable
provisions of the Plan and this Option Agreement. In the event of termination of Optionee’s Continuous Status as an employee, director or consultant, this Option shall be exercisable in accordance with the applicable provisions of the Plan and
this Option Agreement. This Option shall be subject to the provisions of Section 18 of the Plan relating to the exercisability or termination of the Option in the event of certain corporate transactions such as mergers, reorganizations and the
like. 
 b. Method of Exercise. This Option shall be exercisable only by delivery of an
Exercise Notice (attached as Exhibit A) which shall state the election to exercise the Option, the whole number of Shares in respect of which the Option is being exercised, such other representations and agreements as to the holder’s
investment intent with respect to such Shares and such other provisions as may be required by the Administrator. Such Exercise Notice shall 

  
 -2-

 
be signed by the Optionee and shall be delivered in person or by certified mail to the Secretary of the Company accompanied by payment of the Exercise Price. The Option shall be deemed to be
exercised upon receipt by the Company of such written notice accompanied by the Exercise Price. 
 No Shares
will be issued pursuant to the exercise of the Option unless such issuance and such exercise shall comply with all Applicable Laws. Assuming such compliance, for income tax purposes, the Shares shall be considered transferred to the Optionee on the
date on which the Option is exercised with respect to such Shares. 
 c. Taxes. No
Shares will be issued to the Optionee or other person pursuant to the exercise of the Option until the Optionee or other person has made arrangements acceptable to the Administrator for the satisfaction of foreign, federal, state and local income
and employment tax withholding obligations. 
 d. Whole Shares. This option may not be
exercised for any number of shares which could require the issuance of anything other than whole shares. 
  

	5.	Method of Payment. Payment of the Exercise Price shall be by any of the following, or a combination thereof, at the election of the Optionee, provided,
however, that such exercise method does not then violate an Applicable Law: 

 a. cash;

 b. check; 
 c. promissory note, accompanied by an executed pledge agreement, in forms acceptable to the Company; 
 d. payment pursuant to a program developed under Regulation T as promulgated by the Federal Reserve Board which, prior to the issuance of Common Stock, results in either the receipt of cash
(or check) by the Company or the receipt of irrevocable instructions to pay the aggregate exercise price to the Company from the sales proceeds; 
 e. delivery of a properly executed Exercise Notice together with such other documentation as the Administrator and the broker, if applicable, shall require to effect an exercise of the Option and
delivery to the Company of the sale or loan proceeds required to pay the Exercise Price. 
 f. If at the
time of exercise the Company’s Common Stock is publicly traded and quoted regularly in the Wall Street Journal, payment of the exercise price, to the extent permitted by applicable statutes and regulations, may be made by delivery of already
owned shares of Common Stock, or a combination of cash and already owned Common Stock. Such Common Stock shall be valued at its Fair Market Value (as defined in the Plan) on its date of exercise, and (ii) if originally acquired from the
Company, must have been owned by Optionee for at least six months and be owned free and clear of any liens, claims, encumbrances or security interests. 

  
 -3-

	6.	Optionee’s Representations. By receipt of this Option, by its execution, and by its exercise in whole or in part, Optionee represents to the Company
that: 

 a. Optionee acknowledges that both this Option and any Shares purchased upon its
exercise are securities, the issuance by the Company of which requires compliance with federal and state securities laws; 
 b. Optionee acknowledges that these securities are made available to Optionee only on the condition that Optionee makes the representations contained in this Section to the Company;

 c. Optionee has made a reasonable investigation of the affairs of the Company sufficient to be well
informed as to the rights and the value of these securities; 
 d. Optionee understands that the
securities have not been registered under the Securities Act of 1933, as amended, (the “Act”), or any applicable state law in reliance upon one or more specific exemptions contained in the Act and any applicable state law,
which may include reliance on Rule 701 promulgated under the Act, if available, or which may depend upon (i) Optionee’s bona fide investment intention in acquiring these securities; (ii) Optionee’s intention to hold these
securities in compliance with federal and state securities laws; (iii) Optionee having no present intention of selling or transferring any part thereof (recognizing that the Option is not transferable) in violation of applicable federal and
state securities laws; and (iv) there being certain restrictions on transfer of the Shares subject to the Option; 
 e. Optionee understands that the Shares subject to this Option, in addition to other restrictions on transfer, must be held indefinitely unless subsequently registered under the Act and any
applicable state law, or unless an exemption from registration is available; that Rule 144, the usual exemption from registration under the Act, is only available after the satisfaction of certain holding periods and in the presence of a public
market for the Shares; that there is no certainty that a public market for the Shares will exist, and that otherwise it will be necessary that the Shares be sold pursuant to another exemption from registration which may be difficult to satisfy; and

 f. Optionee understands that the certificate representing the Shares will bear a legend prohibiting
their transfer in the absence of their registration or the opinion of counsel for the Company that registration is not required. 
  

	7.	Restrictions on Exercise. This Option, if an Incentive Stock Option, may not be exercised until such time as the Plan has been approved by the
stockholders of the Company. In addition, this Option may not be exercised if the issuance of the Shares subject to the Option upon such exercise would constitute a violation of any Applicable Laws. 

 

	8.	 Termination of Relationship. In the event the Optionee’s Continuous Status as an employee, director or consultant terminates, the
Optionee may, to the extent otherwise so entitled at the date of such termination (the “Termination Date”), exercise this Option during the Termination Period. Except as provided in the following Sections concerning death and
disability, to the 

  
 -4-

 
extent that the Optionee was not entitled to exercise this Option on the Termination Date, or if the Optionee does not exercise this Option within the Termination Period, the Option shall
terminate. 
  

	9.	Disability of Optionee. In the event the Optionee’s Continuous Status as an employee, director or consultant terminates as a result of his or her
disability, the Optionee may, but only within twelve (12) months from the Termination Date (and in no event later than the Term/Expiration Date), exercise the Option to the extent otherwise entitled to exercise it on the Termination Date;
provided, however, that if such disability is not a “disability” as such term is defined in Section 22(e)(3) of the Code and the Option is an Incentive Stock Option, such Incentive Stock Option shall cease to be treated as an
Incentive Stock Option and shall be treated as a Non-Qualified Stock Option on the ninety-first (91st) day following the Termination Date. To the extent that the Optionee was not entitled to exercise the Option on the Termination Date, or if
the Optionee does not exercise such Option to the extent so entitled within the time specified herein, the Option shall terminate. 

  

	10.	Death of Optionee. In the event of the Optionee’s death, including the Optionee’s death within three (3) months following the
Optionee’s termination of Continuous Status as an Employee, Director or Consultant for any other reason, the Option may be exercised at any time within twelve (12) months following the date of death (and in no event later than the
Term/Expiration Date), by the Optionee’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent the Optionee could exercise the Option at the date of death.

  

	11.	Transferability of Option. This Option, if an Incentive Stock Option, may not be transferred in any manner otherwise than by will or by the laws of
descent or distribution and may be exercised during the lifetime of the Optionee only by the Optionee. This Option, if a Non-Qualified Stock Option, may be transferred by the Optionee only in a manner and to the extent acceptable to the
Administrator as evidenced by a writing signed by the Administrator on behalf of the Company and the Optionee consenting to such transfer, which consent may be withheld in the sole discretion of the Administrator. The terms of this Option shall be
binding upon the executors, administrators, heirs and successors of the Optionee. 

  

	12.	Term of Option. This Option may be exercised only within the term set out in the Notice of Stock Option Grant, and may be exercised during such term only
in accordance with the Plan and the terms of this Option Agreement. 

  

	13.	Tax Consequences. Set forth below is a brief summary as of the date of this Option Agreement of some of the federal tax consequences of exercise of this
Option and disposition of the Shares. THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. OPTIONEE SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THIS OPTION OR DISPOSING OF THE SHARES.

  
 -5-

 a. Incentive Stock Options. 

i. Exercise of Incentive Stock Option. If this Option qualifies as an Incentive Stock Option, there
will be no regular federal income tax liability upon the exercise of the Option, although the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the Exercise Price will be treated as an adjustment to alternative
minimum taxable income for federal tax purposes and may subject the Optionee to the alternative minimum tax in the year of exercise. 
 ii. Exercise of Incentive Stock Option Following Disability. If the Optionee’s Continuous Status as an employee, director or consultant terminates as a result of disability that
is not total and permanent disability as defined in Section 22(e)(3) of the Code, to the extent permitted on the date of termination, the Optionee must exercise an Incentive Stock Option within 90 days of such termination for the Incentive
Stock Option to be qualified as an Incentive Stock Option. 
 iii. Disposition of Shares. In
the case of an Incentive Stock Option, if Shares received on exercise of the Option are held for at least one year after receipt of the Shares and for at least two years after the Date of Grant, any gain realized on disposition of the Shares would
be treated as long-term capital gain for federal income tax purposes. If Shares purchased under an Incentive Stock Option are disposed of within the one-year or two-year periods described above, then under federal tax law any gain realized on such
disposition would be treated as compensation income taxable at ordinary income rates to the extent of the difference between the Exercise Price and the lesser of (i) the Fair Market Value of the Shares on the date of exercise or (ii) the
sale price of the Shares. 
 b. Non-Qualified Stock Options. 

i. Exercise of Non-Qualified Stock Options. There may be a regular federal income tax liability upon
the exercise of a Non-Qualified Stock Option. The Optionee would generally recognize compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Shares on the date of exercise over the
Exercise Price. If Optionee is an employee or a former employee, the Company will be required to withhold from Optionee’s compensation or collect from Optionee and pay to the applicable taxing authorities an amount in cash equal to a percentage
of this compensation income at the time of exercise, and may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise. 

ii. Disposition of Shares. In the case of a Non-Qualified Stock Option, if Shares are held for more
than 12 months, any gain realized on disposition of the Shares will be treated as long-term capital gain for federal income tax purposes. 
  

	14.	Transfer Restrictions. 

 a. Restriction on Transfer. Upon exercise of the Option, Optionee shall not transfer, assign, encumber, or otherwise dispose of any of the Shares which are subject to any

  
 -6-

 
restrictions or repurchase rights contained herein. Subject to subparagraph (b) below, such restrictions on transfer (other than those required by the Company to comply with applicable law),
however, shall not be applicable to (i) a transfer by gift of the Shares made to the Optionee’s spouse or children, including adopted children, or to a trust for the exclusive benefit of the Optionee or the Optionee’s spouse or
children, or (ii) a transfer of title to the Shares effected pursuant to the Optionee’s will or the laws of intestate succession. 
 b. Transferee Obligations. Each person (other than the Company) to whom the Shares are transferred by means of one of the permitted transfers specified in subparagraph (a) above
must, as a condition precedent to the validity of such transfer, be required to acknowledge in writing to the Company that such person is bound by the provisions of this Agreement to the same extent that such shares would be so subject if retained
by the Optionee. 
  

	15.	Market Standoff. In connection with the initial underwritten public offering by the Company of its equity securities pursuant to an effective registration
statement filed under the Act, a person shall not sell, or make any short sale of, loan, hypothecate, pledge, grant any option for the purchase of, or otherwise dispose or transfer for value or otherwise agree to engage in any of the foregoing
transactions with respect to, any Shares issued pursuant to an Option granted under the Plan without the prior written consent of the Company or its underwriters. The Company and its underwriters may request such additional written agreements in
furtherance of such standoff in the form reasonably satisfactory to the Company and such underwriters. Any Shares issued under this Option shall be stamped or otherwise imprinted with a legend substantially in the following form:

 THE SECURITIES REPRESENTED BY THIS INSTRUMENT ARE SUBJECT TO CERTAIN LOCK-UP RESTRICTIONS ON TRANSFER SET
FORTH IN THAT CERTAIN STOCK OPTION AGREEMENT BETWEEN THE ORIGINAL HOLDER HEREOF AND THE COMPANY. 
  

	16.	Option Not Service Contract. This option is not an employment contract and nothing in this option shall be deemed to create in any way whatsoever any
obligation on your part to continue in the employ of the Company, or of the Company to continue your employment with the Company. In addition, nothing in this option shall obligate the Company or any Affiliate of the Company, or their respective
stockholders, Board of Directors, officers or employees to continue any relationship which you might have as a Director or Consultant for the Company or Affiliate of the Company. 

 

	17.	Notices. Any notices provided for in this option or the Plan shall be given in writing and shall be deemed effectively given upon receipt or, in the case
of notices delivered by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the address specified below or at such other address as you hereafter designate by written notice to the
Company. 

  

	18.	 Entire Agreement; Governing Law. The Plan is incorporated herein by reference. Capitalized terms in this Option Agreement shall, unless
otherwise specifically indicated, have the same meanings assigned to such terms in the Plan. The Plan and this Option Agreement constitute the 

  
 -7-

	 	 
entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and the Optionee with respect to the
subject matter hereof, and may not be modified adversely to the Optionee’s interest except by means of a writing signed by the Company and Optionee. This agreement is governed by California law as it applies to contracts entered into and to be
performed entirely within that state. 

  

	19.	Headings. The captions used in this Option are inserted for convenience and shall not be deemed a part of this Option for construction or interpretation.

  

	20.	Interpretation. Any dispute regarding the interpretation of this Option Agreement shall be submitted by the Optionee or by the Company forthwith to
the Board or the Administrator that administers the Plan, which shall review such dispute at its next regular meeting. The resolution of such dispute by the Board or the Administrator shall be final and binding on all persons.

  

			
	UBIQUITI NETWORKS, INC.
		
	By:	 	 
		
	 	 	 
	Name and Title

  
 -8-

 OPTIONEE ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO THE OPTION HEREOF IS EARNED ONLY
BY CONTINUING CONSULTANCY OR EMPLOYMENT AT THE WILL OF THE COMPANY (NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS OPTION OR ACQUIRING SHARES HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS AGREEMENT, NOR IN THE
COMPANY’S 2005 EQUITY INCENTIVE PLAN WHICH IS INCORPORATED HEREIN BY REFERENCE, SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO CONTINUATION OF EMPLOYMENT OR CONSULTANCY BY THE COMPANY, NOR SHALL IT INTERFERE IN ANY WAY WITH
OPTIONEE’S RIGHT OR THE COMPANY’S RIGHT TO TERMINATE OPTIONEE’S EMPLOYMENT OR CONSULTANCY AT ANY TIME, WITH OR WITHOUT CAUSE. 
 Optionee acknowledges receipt of a copy of the Plan and represents that he is familiar with the terms and provisions thereof, and hereby accepts this Option Agreement subject to all of the terms and
provisions thereof. Optionee has reviewed the Plan and this Option Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Option Agreement and fully understands all provisions of the Option
Agreement. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan or this Option Agreement. Optionee further agrees to notify the Company upon
any change in the residence address indicated below. 
 Optionee acknowledges that this Option Agreement is in lieu of and supersedes and
replaces all previous commitments, undertakings or promises with regard to the option granted hereby. 
  

									
	Dated: ______________________________	 		 	Signed:	 	 	 	 
				
		 		 	Name of Optionee:	 	 
				
		 		 	Residence Address:	 	 
					
		 		 	 	 	 	 	 
					
		 		 	 	 	 	 	 

  
  

  
 -9-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00191-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00191-of-00352.parquet"}]]