Document:

Severance Pay Plan

 Exhibit 10.337 

 
  

 
 THE CHARLES SCHWAB 

SEVERANCE PAY PLAN 

(As Amended and Restated Effective July 1, 2011) 
  

 
  

 TABLE OF CONTENTS 

 

							
	ARTICLE 1 - PURPOSE OF PLAN	  	 	1	  
	ARTICLE 2 - DEFINITIONS	  	 	1	  
	ARTICLE 3 – PARTICIPATION	  	 	7	  
	     3.1.
	 	Commencement of Participation	  	 	7	  
	     3.2
	 	Termination of Participation	  	 	7	  
	ARTICLE 4 - EFFECT ON OTHER BENEFITS	  	 	8	  
	     4.1.
	 	Eligibility for Benefits	  	 	8	  
	     4.2
	 	Paid Time Off Benefits	  	 	8	  
	ARTICLE 5 - NOTICE PERIOD	  	 	8	  
	    5.1	 	Notice Period	  	 	8	  
	    5.2	 	Participants Requested to Work During Notice Period	  	 	8	  
	    5.3	 	Acceleration of Termination Date	  	 	8	  
	ARTICLE 6 - BENEFITS	  	 	9	  
	    6.1	 	Non-Officers Severance Pay	  	 	9	  
	    6.2	 	Officer Severance Pay	  	 	10	  
	    6.3	 	Group Health Plan Coverage Payment and Long-Term Awards	  	 	11	  
	    6.4	 	Additional Provisions Related to Severance Benefits	  	 	11	  
	ARTICLE 7 - FUNDING	  	 	13	  
	ARTICLE 8 - ADMINISTRATION	  	 	13	  
	    8.1	 	Administrator’s Authority	  	 	13	  
	    8.2	 	Claims for Benefits	  	 	14	  
	    8.3	 	Indemnification	  	 	15	  
	ARTICLE 9 - AMENDMENT AND TERMINATION	  	 	15	  
	ARTICLE 10 - MISCELLANEOUS	  	 	15	  
	ARTICLE 11 - EXECUTION	  	 	16	  
	APPENDIX A	  	 	A	  

  
 i. 

 ARTICLE 1 - PURPOSE OF PLAN 

The purpose of this Plan is to set forth the terms and conditions under which severance pay and other severance benefits will be provided
to employees of the Company. This Plan is intended to constitute an employee welfare benefit plan within the meaning of section 3(1) of ERISA, and is intended to memorialize the provisions of the Company’s severance pay program.

 The effective date of this restatement is July 1, 2011. The rights of any person whose Notice Period Start Date is prior
to the Restated Effective Date shall be determined solely under the terms of the Plan provisions as in effect on such date, unless such person is thereafter reemployed and again becomes a Participant. The rights of any other person shall be
determined solely under the terms of this restated Plan, except as may be otherwise required by law. 
 This Plan is not
intended to constitute a “nonqualified deferred compensation plan” within the meaning of section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). In the event that that any benefit hereunder is deemed by the
Administrator to be subject to section 409A of the Code, the Administrator may modify such benefit as it deems necessary to comply with, or to qualify for an exemption from, Code section 409A. 

ARTICLE 2 - DEFINITIONS 
  

	 	A.	“Administrator” means Schwab or such person or committee as may be appointed from time to time by Schwab to supervise the administration of the Plan.

  

	 	B.	“Affiliate” means any company which is a member of a controlled group of corporations (within the meaning of section 414(b) of the Code) or a group of trades
or businesses under common control (within the meaning of section 414(c) of the Code) that includes the Company. 

  

	 	C.	 “Base Salary” means the Participant’s annual “pay rate” maintained under the authoritative system of record used to produce
the Participant’s regular semi-monthly pay. Base Salary shall be determined as of the Participant’s Notice Period Start Date. Unless included by the Company in a Participant’s “pay rate,” Base Salary shall exclude all other
earnings or paid amounts such as bonuses, overtime, commissions, differentials, variable pay, incentive pay, the value of employee benefits, and any other amounts that are treated as “other earnings” under the Company’s payroll
system. In the case of an Eligible Employee who is classified by the Administrator as a branch manager or a financial consultant of a retail, national or satellite branch, the Administrator may determine, in its sole discretion, that such
individual’s Base Salary, for purposes of calculating Severance Benefits, shall be supplemented with the amount that the 

  
 1 

	 	 
Administrator determines, in its sole discretion, to be the Participant’s “practice service” payment in effect as of the Participant’s Notice Period Start Date and as
annualized by the Plan Administrator. The Administrator shall have sole discretionary authority to determine a Participant’s Base Salary for all purposes, and the Administrator’s discretionary determinations shall be conclusive and binding
on all persons. 

  

	 	D.	“Code” means the Internal Revenue Code of 1986, as amended. 

  

	 	E.	“Company” means The Charles Schwab Corporation, a Delaware corporation, and (unless the context requires otherwise) any Participating Company.

  

	 	F.	“Comparable Position” means a position that is comparable, as determined by the Administrator in its sole and absolute discretion taking into account such
factors as it deems appropriate including without limitation the similarity of duties and salary and any increase in the commuting distance to the individual’s principal place of employment, provided that a position will not fail to be a
“Comparable Position” unless it would result in a material negative change within the meaning of Treas. Reg. section 1.409A-1(n)(2)(i) or any successor thereto. 

 

	 	G.	“Corporate Transaction” means a merger, acquisition, spin-off, stock sale, sale of assets or portions of a business, outsourcing of all or any portion of a
business or any other similar corporate transaction. 

  

	 	H.	“Eligible Employee” means an individual classified by the Administrator as a Regular Employee who has incurred a Job Elimination. The term “Eligible
Employee” shall not include (i) individuals employed pursuant to the terms of a collective bargaining agreement between the Company or an Affiliate and a bargaining unit representing such individuals; (ii) an employee who is on an
unpaid leave of absence and has no right to reinstatement under applicable law upon completion of the leave; and (iii) any individual who the Administrator, in its sole discretion, determines to be covered by a Guaranteed Payments Arrangement
or any arrangement that, by its terms, makes the individual ineligible for Plan benefits. Notwithstanding the foregoing, the Administrator may, in its sole discretion, determine that an individual who is a party to a Guaranteed Payments Arrangement
is an Eligible Employee eligible to receive benefits under Section 6.4(g). 

  

	 	I.	 “Guaranteed Payments Arrangement” is any guarantee or agreement, offer letter, policy, arrangement or plan (regardless of whether it is
written or oral) that provides for guaranteed payments of any nature, severance 

  
 2 

	 	 
benefits of any kind, cash payments representing the value of stock options or restricted stock, and/or similar amounts. 

 

	 	J.	“Job Elimination” means involuntary termination of employment solely on account of changes in the Company’s operations or organization that result in the
elimination of the employee’s job, as determined by the Administrator in its sole and absolute discretion taking into account such factors as it deems appropriate including without limitation (i) a relocation or dissolution of a portion of
the business of the Company; (ii) a withdrawal by the Company from a segment of a market served by the Company; (iii) the elimination of one or more Company product lines; (iv) an elimination, reduction, or change in the
Company’s need for one or more specialized skills provided by the employee; (v) an organizational change in the Company, including without limitation a business redesign, reorganization or consolidation; (vi) a significant change in
the Company’s systems or technology; and (vii) a reduction in the Company’s staffing levels. Notwithstanding anything to the contrary contained herein, a Job Elimination shall not result (A) from retirement, death or voluntary
resignation (whether or not in response to changes in the Company’s operations or organization or in an individual’s title, duties, responsibilities, compensation or benefits) prior to Notice of Eligibility; (B) if the Company or any
successor employer or successor organization offers the employee a Comparable Position; (C) from termination prior to or after Notice of Eligibility on account of unsatisfactory performance, failure of a condition of employment, breach of any
agreement to which the employee and the Company are parties, or violation of any law, regulation, or Company policy (including but not limited to the Code of Business Conduct and Ethics, Compliance Manual, and HR Policies); (D) where, in
connection with a Corporate Transaction, an employee is employed in the same or a substantially similar position at the closing of the Corporate Transaction or the employee is offered a Comparable Position; (E) from the employee’s failure
to return to work within the time required following an approved leave of absence; (F) from a change in employment that results from a natural disaster, unforeseeable governmental action, act of war, or other similar unanticipated business
disaster; (G) from a transfer of employment among the Company and any of its Affiliates; (H) where, in connection with the outsourcing of all or any a portion of a business, the employee is offered a Comparable Position; and (I) from
the Company’s modification or termination of any telecommuting arrangement. 

  

	 	K.	“Long-Term Award” means a long-term award outstanding as of the Participant’s Termination Date and granted under the plan of a Participating Company that
provides for long-term or stock-based awards. 

  

	 	L.	“Non-Officer” means an Eligible Employee who is not an Officer. 

  
 3 

	 	M.	“Notice of Eligibility” means a written or electronic notice, in a form approved by the Administrator, provided to an Eligible Employee that there will be a
Job Elimination and that he or she is eligible for Severance Benefits under the Plan. 

  

	 	N.	“Notice Period” means a sixty (60) calendar day period commencing on the date specified in the Notice of Eligibility. Except as provided in
Section 5.2, Participants are relieved from job responsibilities during the Notice Period and generally are not required to report to work. Also during the Notice Period, all Compliance, Human Resources and Information Security policies and
procedures that applied to Participants before receiving Notice of Eligibility continue in full force and effect and Participants remain subject to those policies and procedures. Participants will continue to receive Base Salary and to participate
in certain employee benefits. Except as otherwise provided under the applicable bonus or incentive plan, Participants shall not be eligible for bonuses and other incentive pay during the Notice Period. In all cases, non-production-based bonuses will
be pro-rated to reflect the Participant’s service prior to the Notice Period Start Date and will be subject to discretionary adjustments by the Company in its sole and absolute discretion. 

 

	 	O.	“Notice Period Start Date” means the first day of the Notice Period. 

 

	 	P.	“Officer” means an Eligible Employee who is classified by the Company as an “officer” based on job grade, designation and such other factors the
Company deems relevant. 

  

	 	Q.	“Participant” means any person who is participating in the Plan as provided in Article 3. 

 

	 	R.	“Participating Company” means the Company and any Affiliate that participates in the Plan (as determined by the Company or Schwab in its sole discretion). A
current list of Participating Companies is set forth in Appendix A. Notwithstanding the foregoing, if a Participating Company ceases to be an Affiliate by reason of a Corporate Transaction, then such entity shall cease to be a Participating Company
upon the closing of such Corporate Transaction. Notwithstanding anything to the contrary in this Plan, no benefits shall be payable under the Plan on account of any employment termination (actual or constructive) that occurs on or after the closing
of such Corporate Transaction in which such entity ceases to be a Participating Company. 

  

	 	S.	“Plan” means The Charles Schwab Severance Pay Plan. 

  
 4 

	 	T.	“Regular Employee” means an individual who (i) is directly employed and paid by the Company and on whose behalf the Company withholds income tax from his
or her compensation; (ii) has regular full-time or part-time employment with the Company; and (iii) is considered and classified by the Company as a “regular employee.” Notwithstanding the foregoing, a “Regular
Employee” shall not include any of the following: 

 (A) a temporary or seasonal employee, intern, co-op or
floater; 
 (B) an agency temporary or leased employee; 
 (C) an employee on an unpaid leave of absence who does not have a job guarantee upon completion of the leave; 
 (D) an individual who is not directly paid by the Company through its payroll system (without regard to his or her common law employment status); 

(E) consultants, contingent workers, independent contractors, persons who have signed independent contractor, consultant or vendor
agreement(s) or provide services to the Company pursuant to an independent contractor, consultant or vendor agreement, or pursuant to an agreement with any third party, irrespective of whether any such individuals are determined by any third party
(including without limitation any court, arbitrator or governmental or regulatory agency) to constitute an employee of the Company or any Affiliate (including but not limited to, a common law employee, a joint employee or a leased employee); and

 (F) persons (including but not limited to those identified in subparagraphs (A) through (E)) not otherwise considered by
the Company to be a Regular Employee, irrespective of whether any such individuals are deemed by a court, arbitrator or government agency or other third party to be an employee of the Company or any Affiliate (including but not limited to, a common
law employee, a joint employee or a leased employee). 
 If, during any period, the Company has not treated an individual as a
common law employee and, for that reason, has not withheld income and employment taxes with respect to that individual, then that individual shall not be a Regular Employee for that period, even if the individual is determined, retroactively, to
have been a common law employee during all or any portion of that period by the Internal Revenue Service or other third party or pursuant to a court decree, judgment or settlement in a judicial proceeding or otherwise. 

 

	 	U.	“Restated Effective Date” means July 1, 2011. 

  
 5 

	 	V.	“Return Date” means the date specified in the Participant’s Notice of Eligibility by which the Participant must sign and return a Severance Agreement.

  

	 	W.	“Revocation Period” means the seven calendar day (or other longer legally required calendar day) period immediately following the date the Participant signs
the Severance Agreement during which a Participant who is either: (i) at least forty (40) years old; or (ii) is under forty (40) years old and is employed in a state that requires a specific Revocation Period, may revoke his or
her signed Severance Agreement. To be effective, a written request to revoke must be received by the Administrator (as defined by applicable law) no later than 5:00 p.m. PST on the seventh calendar day (or other longer period required by law) from
the date the Participant signed the Severance Agreement or, if mailed, be postmarked no later than the seventh calendar day (or other longer period required by law) from the date the Participant signed the Severance Agreement.

  

	 	X.	“Schwab” means Charles Schwab & Co., Inc., a California corporation. 

 

	 	Y.	“Severance Agreement” means a written agreement in a form satisfactory to the Administrator in exchange for payment of Severance Benefits as provided in
Article 6. In the sole discretion of the Administrator, such agreement may include without limitation, but is not limited to, provisions relating to (i) non-disparagement and non-disclosure; (ii) non-solicitation of customers, clients and
employees; (iii) use of confidential and proprietary information; (iv) return of company property; (v) cooperation with investigations, arbitrations, and litigation; (vi) release and waiver of all legal claims; and
(vii) authorized deductions (if any). To be effective, a Severance Agreement must be signed and returned by the Return Date (and not revoked during any applicable Revocation Period). Severance Agreements are not required to be identical among
Participants. 

  

	 	Z.	 “Severance Benefits” means all payments and benefits provided for in this Plan, including but not limited to all salary and benefits for
periods during which a Participant remains an employee after being provided a Notice of Eligibility (such as the Notice Period), all forms of compensation and/or benefits of any kind for or in connection with such periods, and all other amounts paid
or payable to Participants in accordance with the Plan. The Severance Benefits a Participant may be eligible for are gross amounts from which applicable taxes, withholding and appropriate deductions will be taken, including but not limited to,
deduction of any outstanding amount owed to the Company by the Participant regardless of the reason for or source of the amount due. In order to receive Severance Benefits under Article 6, a Participant must timely sign and return (and not revoke,
where a Revocation Period applies) a Severance Agreement. All Severance Benefits shall be applied toward satisfaction of the Company’s 

  
 6 

	 	 
WARN obligations, if any, and shall constitute WARN notice and/or WARN benefits where WARN applies. 

 

	 	AA.	“Severance Period” means the period of time determined by adding, to the Participant’s Termination Date, the number of business days or months for which
the Participant is eligible to receive severance pay under Section 6.1 or 6.2. 

  

	 	BB.	“Termination Date” means the earlier of (i) last day that the Participant is employed by the Company; or (ii) day that the Participant’s Notice
Period ends (as it may be accelerated under Article 5). 

  

	 	CC.	“WARN” means the Federal Worker Adjustment Retraining and Notification Act, as amended, and any applicable state plant or facility closing or mass layoff law.
In the event WARN applies to a Participant, any Notice Period and/or Severance Period, and all compensation and all benefits of any kind due or paid with respect to either are also deemed to constitute WARN notice and/or WARN benefits, and will be
applied toward satisfying the Company’s obligations under WARN. 

  

	 	DD.	“Year of Service” means each 365 calendar day period of service completed by a Participant while a Regular Employee including any service commencing on the
Participant’s date of hire and ending on (and including) the Participant’s Notice Period Start Date and any service prior to a break in service for any reason other than Job Elimination. Periods less than 365 calendar days will be
calculated as a percentage of a 365-calendar day period. A Participant will receive credit for service with a predecessor employer that was acquired by the Company or an Affiliate if such service must be credited for purposes of an “employee
benefit plan” within the meaning of ERISA under the applicable purchase agreement. Except as provided in Section 6.4(a), a Participant’s Years of Service shall exclude service previously used to determine a Participant’s
severance benefits under this Plan, any predecessor plan or any other Affiliate-sponsored severance arrangement. 

ARTICLE 3 – PARTICIPATION 
 3.1. Commencement of Participation. An Eligible Employee will become a Participant as of the date he or she is issued a Notice of Eligibility. 

3.2 Termination of Participation. A Participant’s participation in the Plan shall terminate on the earlier of (i) the
date when his or her entire Plan benefit has been paid; or (ii) the date that his or her participation ends under Section 5.3(b) or 6.4(b). 

  
 7 

 ARTICLE 4 - EFFECT ON OTHER BENEFITS 

4.1. Eligibility for Benefits. A Participant’s eligibility for all employee benefits (including without limitation medical,
dental and vision insurance) will cease in accordance with the terms of each respective plan no later than the last day of the month that includes the Termination Date except as may be otherwise required by applicable law. 

4.2 Paid Time Off Benefits. A Participant will continue accruing paid time off benefits until the Termination Date. The rate of
accrual during the Notice Period will be the same as the rate of accrual prior to the Participant’s Notice of Eligibility. 

ARTICLE 5 - NOTICE PERIOD 
 5.1 Notice Period. Following an Eligible Employee’s Notice of Eligibility, the Participant will enter a Notice Period for a period of sixty (60) calendar days. Except as provided in
Section 5.2, during the Notice Period Participants shall not be required to report to work but shall remain subject to the Company’s policies and procedures. If WARN is applicable to a Participant, the Notice Period and all compensation
(including but not limited to salary/wages, benefits and benefit plan participation) attributable to the Notice Period shall constitute WARN notice and the payment of WARN benefits, respectively, and will be applied against any notice period or
other payments that would otherwise be due to satisfy the Company’s obligations under WARN. 
 5.2 Participants
Requested to Work During Notice Period. If a Participant is requested to work during the Notice Period, then the Participant will be entitled to Severance Benefits only if the Participant continues to perform his or her assigned duties and
responsibilities to the satisfaction of the Company through the date established by the Company in its discretion. 
 5.3
Acceleration of Termination Date. The Termination Date, which is originally established as the end of the 60 day Notice Period, will be accelerated or otherwise changed if any of the following events occur: 

(a) If, prior to the end of the Notice Period, a Participant resigns or otherwise obtains an external position or acts as an employee,
consultant or independent contractor or as a sole proprietor of a business or acts as an officer, director, or partner in another public or privately held company. In that case, the Participant is required to notify the Administrator immediately,
the end of the Notice Period and the Termination Date will be accelerated to coincide with the next day after the Participant resigned or otherwise obtained that position. The Participant will receive a payment reflecting the balance of the Base
Salary attributable to the unused portion of the original Notice Period; however, no payment will be made for the value of bonuses, or other incentive compensation or the value of other employee benefits that might otherwise have been received if
the Termination Date had not been accelerated. The Participant remains 

  
 8 

 
eligible to sign and return the applicable Severance Agreement by the Return Date in order to obtain additional Severance Benefits under Article 6. 

(b) Except as provided in Section 5.2 as determined by the Administrator, if a Participant provides substantial services to the
Company or any Affiliate as an employee (full-time, part-time or seasonal), consultant or independent contractor of the Company or any Affiliate within the Notice Period (without regard to whether the end of the Notice Period has been accelerated
pursuant to Section 5.3(a)), his or her Termination Date under the Plan will be cancelled or accelerated (as appropriate), his or her participation will end, and the Participant will no longer be eligible to receive any Severance Benefits or
any payment of any kind for compensation (including benefits) otherwise attributable to the unused portion of the Notice Period. If a Participant already received payment of lump sum severance pay under Section 6.1, 6.2 and/or 6.3 (as
applicable), the Participant will be required, except as the Administrator otherwise determines in its sole discretion, to repay the lump sum severance pay, including the COBRA payment, in full, as a condition of employment or providing services. In
addition, if a Participant already received a lump sum payment for the unused portion of the Notice Period under Section 5.3(a), the Participant is required, except as the Administrator otherwise determines in its sole discretion, to repay the
amount by which this lump sum payment exceeds the amount the Participant would have received if the payment had been calculated based on the number of business days that actually elapsed between the beginning of the Notice Period and the date of his
or her commencement of service, as a condition of employment or providing services. 
 ARTICLE 6 - BENEFITS 

Upon being provided with a Notice of Eligibility, a Participant becomes eligible to receive the Severance Benefits described in Sections
6.1, 6.2, and 6.3 (as applicable) only if the Participant returns to the Administrator a signed Severance Agreement no later than the Return Date. If a Revocation Period applies, a Participant’s eligibility to receive these Severance Benefits
also is conditioned upon the Participant not revoking (or attempting to revoke) the Severance Agreement during the Revocation Period. Subject to those conditions and such other conditions set forth in this Plan, the Participant will be entitled to
receive the benefits set forth in Sections 6.1 and 6.2, or 6.3 (as applicable). 
 6.1 Non-Officer Severance Pay.

 A Non-Officer Participant employed by a Participating Company as of his or her Notice of Eligibility will be eligible to
receive a lump sum severance pay benefit equal to the amount of the Participant’s Base Salary that would have been payable for ten business days multiplied by the Participant’s full Years of Service plus the number of business days for the
Participant’s partial Years of Service shown in the table in (i) below, but in no event more than the amount of Base Salary that would have been payable to the Participant for 220 business days. 

(i) The Participant will receive credit for a partial Year of Service 

  
 9 

 
(after aggregation of partial years), based on the following table: 
  

			
	 Length of Partial Year
	  	Number of Business Days
	Less than 3 months	  	3 days
	At least 3 months but less than 6 months	  	5 days
	At least 6 months but less than 9 months	  	7 days
	At least 9 months but less than 12 months	  	10 days

 (ii) The
minimum Severance Benefit shall be determined by the Participant’s job grade on the Notice Period Start Date based on the following table: 
  

			
	 Job Grade
	  	Minimum Severance
Benefit
	Individual Contributor (52-55)	  	22 business days
	Sr. Individual Contributor/Team Lead (56)	  	44 business days
	Manager (57)	  	66 business days
	Sr. Manager (58 – 59)	  	88 business days
	Director (60, U1 and U2)	  	110 business days

6.2 Officer Severance Pay. 
 An Officer Participant employed by a Participating Company as of his or her Notice of Eligibility will be eligible to receive a lump sum severance pay benefit in the following amounts. For Vice
Presidents, the amount of the Participant’s Base Salary that would have been payable for ten business days multiplied by the Participant’s full Years of Service, but in no event less than the amount of Base Salary that would have been
payable to the Participant for five months (110 business days) and no more than the amount of Base Salary that would have been payable to the Participant for 10 months (220 business days). For Senior Vice Presidents or Executive Vice Presidents, the
amount of the Participant’s Base Salary that would have been payable for 15 business days multiplied by the Participant’s full Years of Service, but in no event less than the amount of Base Salary that would have been payable to the
Participant for seven months (154 business days) and no more than the amount of Base Salary that would have been payable to the Participant for 12 months (264 business days). 
 The Participant who is a Vice President also will receive credit for a partial Year of Service (after aggregation of partial years), based on the following table: 

 

			
	 Length of Partial Year
	  	Number of Business Days
	Less than 3 months	  	3 days
	At least 3 months but less than 6 months	  	5 days
	At least 6 months but less than 9 months	  	7 days
	At least 9 months but less than 12 months	  	10 days

 The
Participant who is a Senior Vice President or Executive Vice President also will receive credit for a partial Year of Service (after aggregation of partial years), based 

  
 10 

 
on the following table: 
  

			
	 Length of Partial Year
	  	Number of Business Days
	Less than 3 months	  	3 days
	At least 3 months but less than 6 months	  	7 days
	At least 6 months but less than 9 months	  	11 days
	At least 9 months but less than 12 months	  	15 days

 6.3 Group
Health Plan Coverage Payment and Long-Term Awards. 
 (a) A Participant who becomes entitled to receive Severance Benefits
will be eligible to receive a single lump sum payment to cover a portion of the cost of group health plan coverage for the Participant and his or her enrolled spouse, domestic partner and dependents (“Dependents”). The amount of such
payment shall be based on the period of time for which the Participant is eligible to receive severance pay and COBRA rates for group health plan coverage in effect for the Participant and his or her Dependents as of the Participant’s Notice of
Eligibility, without regard to changes in COBRA rates or coverage after Notice of Eligibility. 
 (b) If an Officer Participant
becomes entitled to Severance Benefits, then: 
 (i) The portion of each of the Participant’s Long-Term Awards, except
performance-based restricted stock or similar awards designed to meet the requirements for performance-based compensation under Section 162(m) of the Code, that would have vested if the Participant had remained employed during the Severance
Period shall be vested as soon as administratively practicable after the Participant’s Termination Date and the Participant shall be treated as if he or she continued in employment during the Severance Period for purposes of determining whether
the Participant vests in any performance-based restricted stock or similar award, subject to subparagraph (iii) below; and 
 (ii) The determination of whether the Participant has satisfied the conditions of “retirement” under each Long-Term Award agreement (to the extent applicable) shall be made as of his or her
Termination Date, without regard to the Participant’s Severance Period. 
 (iii) The Severance Period shall not modify or
extend the exercise period of any Long-Term Award, and, except as set forth in Section 6.3(b)(i), the Plan shall not provide any benefit with respect to any Long-Term Award. 

6.4 Additional Provisions Related to Severance Benefits. 
 (a) If a Participant receives severance benefits under this Plan, any predecessor plan or any other Affiliate-sponsored severance arrangement and if the Participant subsequently provides services to the
Company or an Affiliate, then any 

  
 11 

 
Severance Benefits that may become payable to the Participant under this Plan following the date of recommencement of service shall be based solely on the Participant’s Years of Service
following the date of such recommencement; provided, however, the Administrator shall have the discretionary authority to suspend the application of this provision to a Participant who repaid more than 80% of his or her Severance Benefits pursuant
to Section 5.3(b) or 6.4(d). 
 (b) Notwithstanding anything to the contrary contained herein, (i) an employee or
Participant whose employment with the Company (or an Affiliate) is terminated before or after receipt of Notice of Eligibility for any reason other than Job Elimination shall not be entitled to receive any Severance Benefits hereunder, (ii) a
Participant shall lose eligibility to receive Severance Benefits if (A) after receipt of Notice of Eligibility, the employee fails to work satisfactorily at the request of the Company through the date it specifies; or (B) the Company
becomes aware of circumstances which could or would have caused a Participant’s termination from employment including but not limited to misconduct or any violation of law, regulation or Company policy, and (iii) in the case of an Regular
Employee who the Administrator determines, in its sole discretion, is covered by a Guaranteed Payments Arrangement, except as provided in Section 6.4(g), the calculation of any payment to such Regular Employee upon such termination or
resignation shall be governed by the terms of such arrangement, and not by this Article 6. 
 (c) Lump sum
benefits payable pursuant to Section 6.1, 6.2 or 6.3(a) shall be paid during the next payroll processing cycle that follows the later of (i) the date the Severance Agreement is received, assuming it is signed and returned to the
Administrator in the required time and is not revoked in accordance with any applicable Revocation Period; or (ii) the Termination Date, as it may be accelerated under Article 5 or 6. All payments made pursuant to this Plan shall be paid
no later than March 15th of the calendar year
immediately following the year the Termination Date occurs. 
 (d) If a Participant receives payment of any or all of his or her
Severance Benefit under Section 6.1, 6.2 and/or 6.3 and after his Termination Date subsequently provides substantial services to the Company or any Affiliate as an employee, consultant or independent contractor (other than pursuant to a
Corporate Transaction), the Participant will be required, except as the Administrator otherwise determines in its sole discretion, as a condition of reemployment or otherwise providing services, to repay the amount (if any) by which the lump sum
payment (including COBRA payments) exceeds the amount the Participant would have received if such payment had been calculated based on the number of business days that have actually elapsed between the Termination Date and the date that the
Participant started to provide such services. The repayment obligation is applicable regardless of whether the Participant’s severance pay was paid under Section 6.1, 6.2 and/or 6.3(a); provided, however, the repayment obligation shall not
apply to benefits provided under Section 6.3(b). Repayment of a pro rata share of severance benefits does not affect the validity of the Severance Agreement. 

  
 12 

 (e) Notwithstanding anything to the contrary contained in this Plan, in the event WARN is
applicable to a Participant: (i) any Notice Period and/or Severance Benefits paid or payable to the Participant will be deemed to constitute and shall be attributed to WARN notice and/or WARN benefits; (ii) all Severance Benefits under
this Plan will be reduced and/or offset by any notice, payments or benefits to which the Participant may be entitled under WARN; and (iii) all Severance Benefits under this Plan will be reduced and/or offset by any amount of paid days and/or
paid benefits in lieu of notice the Participant is given or is required to be given by the Company to satisfy its obligations under WARN. A Severance Agreement is not required for receipt of WARN benefits. 

(f) Notwithstanding anything to the contrary contained herein, the Company may revoke a Participant’s Severance Agreement during any
applicable Revocation Period. 
 (g) Notwithstanding anything to the contrary contained herein, in the event that the
Administrator determines, in its sole discretion, that an individual is a party to a Guaranteed Payments Arrangement and that such individual would otherwise be entitled to a benefit under Section 6.1 or 6.2 and/or 6.3, then the Administrator
may determine, in its sole discretion, that such individual shall be eligible to receive a cash severance benefit (instead, and in lieu, of any and all payments under such Guaranteed Payments Arrangement) equal to the greater of either (i) the
amount that the Administrator determines, in its sole discretion, to be the amount of the Participant’s payments under the Guaranteed Payments Arrangement; or (ii) the total amount of the cash severance payments to which the Administrator
determines, in its sole discretion, the Participant otherwise would have been entitled under Section 6.1, 6.2 and/or 6.3. Payment of such cash severance benefit shall be paid at the time and in the form provided for under the Guaranteed Payment
Arrangement. 
 (h) Notwithstanding anything to the contrary contained herein, a Participant shall be deemed to be employed by a
Participating Company for purposes of benefits under Article 6 in the event that such Participant, as of his or her Notice of Eligibility, is designated by the Company, in its sole and absolute discretion, as a dual employee providing fund
administration services to the Excelsior Funds. 
 ARTICLE 7 - FUNDING 

The amount required to be paid as Severance Benefit under this Plan shall be paid from the general assets of the Company at the time such
Severance Benefits are to be paid. 
 ARTICLE 8 - ADMINISTRATION 

8.1 Administrator’s Authority. The administration of the Plan shall be under the supervision of the Administrator. It shall
be the responsibility of the Administrator to 

  
 13 

 
assure that the Plan is carried out in accordance with its terms. The Administrator shall have full power and sole discretionary authority to administer, interpret and construe the Plan, and to
determine all claims for benefits, subject to the requirements of ERISA. The Administrator’s actions, interpretations and determinations shall be final and binding on all concerned and, in the event of judicial review, shall be entitled to the
maximum deference allowed by law. The Administrator shall have discretionary authority: 
 (a) To make and enforce such rules
and regulations as it deems necessary or proper for the efficient administration of the Plan; 
 (b) To interpret and construe
the Plan, its interpretation and construction thereof to be final and conclusive on all persons claiming benefits under the Plan; 
 (c) To decide all questions concerning the Plan and the eligibility of any person to participate in the Plan; 
 (d) To compute the amount of benefits which will be payable to any Participant in accordance with the provisions of the Plan, and to determine the person or persons to whom such benefits will be paid;

 (e) To authorize the payment of benefits; 
 (f) To appoint such agents, counsel, accountants, consultants and actuaries as may be required to assist in administering the Plan; and 

(g) To allocate and delegate its responsibilities under the Plan and to designate other persons to carry out any of its responsibilities
under the Plan, and such allocation, delegation or designation to be by written instrument and in accordance with Section 405 of ERISA. 
 The interpretations and determinations of the Administrator shall be final and binding and are not required to be uniform among similarly situated individuals. The Administrator also reserves the right to
provide additional benefits, in the Administrator’s sole discretion. Determinations to be made in the discretion of the Company are made by the Company in its non-fiduciary capacity, with regard to the best interests of the Company, and are not
required to be uniform among similarly situated individuals. In administering the Plan, the Administrator shall be entitled, to the extent permitted by law, to rely conclusively on all tables, valuations, certificates, opinions and reports which are
furnished by any accountant, counsel or other expert who is employed or engaged by the Administrator. Schwab shall be the “named fiduciary” for purposes of section 402(a)(1) of ERISA with authority to control and manage the operation and
administration of the Plan, and shall be responsible for complying with all of the reporting and disclosure requirements of Part 1 of Subtitle B of Title I of ERISA. 
 8.2 Claims for Benefits. No person shall be entitled to benefits under this Plan unless the Administrator has determined that he or she is entitled to them. All

  
 14 

 
applications for benefits, and all inquiries concerning the Plan or present or future rights to benefits under the Plan, must be submitted to the Administrator in accordance with the established
claims procedure set forth in the summary plan description. Notwithstanding anything to the contrary in this Plan, no person shall have a colorable claim for vested or unvested benefits under this Plan unless the Administrator (i) has
determined that the person has incurred a Job Elimination; and (ii) has issued to the person a Notice of Eligibility. 

8.3 Indemnification. The Company agrees to indemnify, defend and hold harmless to the fullest extent permitted by law any employee
serving as or on behalf of the Administrator or as a member of a committee designated as Administrator (including any employee or former employee who formerly served as Administrator or as a member of such committee) against all liabilities,
damages, costs and expenses (including attorneys’ fees and amounts paid in settlement of any claims approved by the Company) occasioned by any act or omission to act in connection with the Plan, if such act or omission is in good faith.

 ARTICLE 9 - AMENDMENT AND TERMINATION 
 The Plan and/or any of its terms may be amended, suspended or terminated at any time with or without prior notice by action of the Board of Directors of Schwab or the Company or their respective
delegates. Schwab’s Executive Vice President – Human Resources shall have the authority to adopt amendments that do not materially increase the cost of the Plan. 
 ARTICLE 10 - MISCELLANEOUS 
 Except where otherwise indicated by the
context, any masculine terminology used herein shall also include the feminine and vice versa, and the definition of any term herein in the singular shall also include the plural, and vice versa. 

This Plan shall not be deemed to constitute a contract between the Company and any Eligible Employee or to be a consideration or an
inducement for the employment of any Eligible Employee. Nothing contained in this Plan shall be deemed to give any Eligible Employee the right to be retained in the service of the Company or to interfere with the right of the Company to discharge
any Eligible Employee at any time, irrespective of the effect which such discharge shall have upon such individual as an Eligible Employee of this Plan. 
 This Plan shall be construed and enforced according to federal law, except where not preempted, by the laws of the State of California other than its laws respecting choice of law. 

  
 15 

 ARTICLE 11 - EXECUTION 

To record the amendment and restatement of the Plan to read as set forth herein effective as of July 1, 2011, Charles
Schwab & Co., Inc. has caused its authorized officer to execute the same this 10th day of January, 2011. 
 CHARLES SCHWAB &
CO., INC. 
 By:    Jay L. Allen
                                        /s/
Jay L.
Allen                                        
     
 Title:    The Executive Vice President - Human Resources and Employee Services 

  
 16 

 APPENDIX A 
 (January 1, 2011) 
 Charles Schwab & Co., Inc. 

Charles Schwab Bank 
 Charles Schwab Investment Advisory, Inc. 
 Charles Schwab Investment Management,
Inc. 
 Performance Technologies, Inc. 
 Schwab International Holdings, Inc. 
 Schwab Retirement Plan Services, Inc.

 Schwab Retirement Technologies, Inc. 
 Schwab Retirement Plan Services Company 
 Windhaven Investment Management, Inc.

  
 ASecond Amended and Restated Registration Rights Agreement

 Exhibit 4.2 

 
  
 ADVANCED BIOHEALING, INC. 
  

 
 SECOND
AMENDED AND RESTATED 
 REGISTRATION RIGHTS AGREEMENT 

 
  

DATED AS OF FEBRUARY 23, 2007 

 
  

 SECOND AMENDED AND RESTATED 

REGISTRATION RIGHTS AGREEMENT 
 SECOND AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of February 23, 2007, by and among Advanced BioHealing, Inc., a Delaware corporation
(the “Company”) and the Persons (as defined below) set forth on Exhibit A attached hereto (the “Purchasers”). 
 RECITALS 
 WHEREAS, the Company and the holders of the outstanding shares
of Series A Preferred Stock (as defined below) and Series B Preferred Stock (as defined below) are parties to that certain Amended and Restated Registration Rights Agreement, entered into as of September 30, 2005 (the “Existing
Agreement”); 
 WHEREAS, pursuant to that certain Series C Preferred Stock Purchase Agreement, dated as of the date
hereof (as amended from time to time, the “Purchase Agreement”), by and among the Company and certain of the Purchasers, the Company has agreed to sell and issue shares of the Company’s Series C Preferred Stock, $.001
par value per share (the “Series C Preferred Stock”) to such Purchasers; 
 WHEREAS, on
September 14, 2006, the Company issued in favor of certain of its stockholders Warrants to Purchase Capital Stock of the Company which, as amended on the date hereof, are exercisable for the purchase of shares of the Company’s Series C-1
Preferred Stock, $.001 par value per share (the “Series C-1 Preferred Stock”); and 
 WHEREAS, it is a
condition to the obligations of the parties to the Purchase Agreement that this Agreement amend, restate and supersede the Existing Agreement and be executed by the Company and the Purchasers. 

NOW, THEREFORE, in consideration of the mutual promises and covenants hereinafter set forth and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 
 Section 1. Certain Definitions. As used in this Agreement, the following terms shall have the following respective meanings: 

1.1 “Affiliate” means, with respect to the Company or any other specified Person, any Person directly or
indirectly controlling, controlled by or under direct or indirect common control with the Company (or other specified Person). 

1.2 “Commission” means the Securities and Exchange Commission, or any other federal agency at the time
administering the Securities Act. 
 1.3 “Common Stock” means the Company’s common stock $.001 par
value per share. 

  
 1 

 1.4 “Company Securities” means all shares of Common Stock, Series A
Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, Series C-1 Preferred Stock and all other shares of the Company’s capital stock, including all classes of common, preferred, voting and nonvoting capital stock, now owned or
hereafter acquired by any Purchaser, and all other securities or obligations that are, directly or indirectly, exercisable for, convertible into or exchangeable for any of the foregoing. 

1.5 “Control” (including, with correlative meaning, the terms “controlling,” “controlled by”
and “under common control with”) with respect to a particular Person means the possession, directly or indirectly, of the power to direct or cause the direction of management and policies of such Person, whether through the ownership of
voting securities, by contract or otherwise. 
 1.6 “Exchange Act” means the Securities Exchange Act of
1934, as amended. 
 1.7 “Initiating Purchasers” means the Purchasers, other than Kevin Rakin, holding
at least sixty percent (60%) of the Registrable Shares issued or issuable upon the conversion of the Series C Preferred Stock. 
 1.8 “Person” means an individual, partnership, corporation, limited liability company, association, trust, joint venture, unincorporated organization or other entity and any
government, governmental department or agency or political subdivision thereof. 
 1.9 “Qualified Public
Offering” means a firmly underwritten public offering of the Company’s Common Stock registered under the Securities Act with gross proceeds to the Company of not less than $20,000,000, at a price per share not less than three
(3) times $3.61623 (as adjusted for stock splits, dividends, recapitalizations and the like effected after the date hereof) and after giving effect to which the Company’s Common Stock is listed on a U.S. national securities exchange.

 1.10 “Registrable Shares” means (a) the shares of Common Stock into which each share of
Series C Preferred Stock, Series C-1 Preferred Stock, Series B Preferred Stock and Series A Preferred Stock has been converted or is then convertible; (b) any shares of Common Stock purchased or acquired by any Purchaser on or subsequent to the
date hereof; and (c) any other shares of Common Stock of the Company issued in respect of the shares described in clauses (a) and (b) above because of stock splits, stock dividends, reclassifications, recapitalizations,
reorganizations or other similar events; provided, however, that shares of Common Stock that are Registrable Shares shall cease to be Registrable Shares (x) upon any sale by the holders thereof pursuant to a Registration Statement or
Rule 144 under the Securities Act (or any successor statute) without any volume limitation applicable thereto, or (y) upon any sale in any manner to a Person which, by virtue of Section 16 hereof as of the particular date of
determination, is not entitled to the rights provided by this Agreement. Wherever reference is made in this Agreement to a request or consent of holders of a certain percentage of Registrable Shares issued or issuable upon the conversion of the
Series C Preferred Stock, the determination of such percentage shall be made by giving effect to the conversion of the Series C Preferred Stock even if such conversion has not yet been effected. 

  
 2 

 1.11 “Registration Statement” means a registration statement
filed by the Company with the Commission for a public offering and sale of securities of the Company (other than a registration statement on Form S-8 or Form S-4, or their successors. 

1.12 “Securities Act” means the Securities Act of 1933, as amended. 

1.13 “Series A Preferred Stock” means the Company’s Series A Preferred Stock, $.001 par value per share.

 1.14 “Series B Preferred Stock” means the Company’s Series B Preferred Stock, $.001 par value
per share. 
 Section 2. Legend. Each certificate representing the Registrable Shares shall bear a legend substantially
in the following form: 
 “THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS AND CONDITIONS OF A
CERTAIN SECOND AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT, AS AMENDED FROM TIME TO TIME, BY AND AMONG THE STOCKHOLDER, THE COMPANY AND CERTAIN OTHER STOCKHOLDERS, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY.”

 Section 3. Required Registrations. 
 3.1 At any time after the earlier of (a) six (6) months after the effective date of the Company’s initial public offering of its equity securities and (b) May 31, 2009, the
Initiating Purchasers may request, in writing, on up to two (2) separate occasions, that the Company effect a registration on Form S-1 (or any successor form) of Registrable Shares owned by one or more Purchasers so long as the anticipated
aggregate gross proceeds in any such registration are anticipated to exceed $10,000,000. If the Initiating Purchasers intend to distribute the Registrable Shares by means of an underwriting, they shall so advise the Company in their request. In the
event such registration is underwritten, the right of other Purchasers to participate in such registration shall be conditioned on such Purchasers’ participation in such underwriting. Upon receipt of any such request from the Initiating
Purchasers, the Company shall promptly give written notice of such proposed registration to all other Purchasers. Such other Purchasers shall have the right, by giving written notice to the Company within thirty (30) days after the Company
provides its notice, to elect to have included in such registration such of their Registrable Shares as such Purchasers may request in such notice of election. All Purchasers proposing to distribute their Registrable Shares through such underwriting
shall enter into an underwriting agreement with respect to such Registrable Shares in customary form with an underwriter or underwriters that is selected pursuant to Section 13 hereof. The Company shall, at its own expense and as
expeditiously as possible, use its best efforts to effect the registration, on Form S-1 (or any successor form), of all Registrable Shares that the Company has been requested to so register. If the underwriter determines that in its good faith view,
marketing factors require a limitation of the number of shares to be underwritten and provides written notice of such to the holders of Registrable Shares requesting registration and the Company of such determination, then the Company shall exclude
from such registration (i) first, securities 

  
 3 

 
held by any Person who does not have any contractual rights to cause the Company to register such securities, (ii) second, securities held by any Person with such contractual rights other
than those granted under this Agreement and (iii) third, shares held by the holders of Registrable Shares pro rata among such holders on the basis of the respective number of shares of Common Stock requested to be included in such registration.
If any registration statement requested pursuant to this Section 3.1 does not become effective or, after any registration statement requested pursuant to this Section 3.1 becomes effective, less than fifty percent
(50%) of the Registrable Shares requested to be included in such registration have been sold thereunder, the request for such registration shall not be included as one of the registrations that may be requested pursuant to this
Section 3.1 and, notwithstanding anything to the contrary contained in Section 6 hereof, shall be at the sole expense of the Company. 
 3.2 After its initial public offering, the Company shall use its best efforts to qualify on Form S-3 (or any successor form relating to secondary offerings, hereinafter, “Form
S-3”). At any time after the Company becomes eligible to file a Registration Statement on Form S-3, in addition to the rights set forth in Section 3.1 above, the Purchasers will have the right to require the Company to
effect Registration Statements on Form S-3 of Registrable Shares having a minimum anticipated gross proceeds in each registration on Form S-3 of at least $500,000; provided, however, that the Company shall not be required to effect more than three
(3) such Registration Statements in any twelve (12)-month period. Upon receipt of any such request, the Company shall promptly give written notice of such proposed registration to all other Purchasers. Such other Purchasers shall have the
right, by giving written notice to the Company within thirty (30) days after the Company provides its notice, to elect to have included in such registration such of their Registrable Shares as such Purchasers may request in such notice of
election. Thereupon, the Company shall, as expeditiously as possible, use its best efforts to effect the registration on Form S-3 of all Registrable Shares that the Company has been requested to so register. 

3.3 If at the time of any request to register Registrable Shares pursuant to this Section 3, (a) the Company has not
delayed any other registration pursuant to this Section 3 for any period of time during the preceding twelve (12) month period and (b) the Company is engaged, or has fixed plans to engage within thirty (30) days of the
time of such request, in a registered public offering as to which the Purchasers may include Registrable Shares pursuant to Section 4, the Company may delay any such requested registration for up to ninety (90) days from the
effective date of such offering, provided that the Company is actively employing all good faith efforts to cause the occurrence of such registered public offering, such right to delay a request to be exercised by the Company not more than once in
any twelve (12) month period. 
 Section 4. Company Registration. 

4.1 Subject to Section 4.2, whenever the Company proposes to file a Registration Statement (including, for this purpose, a
registration effected by the Company for Persons other than the Purchasers) at any time and from time to time, it will, prior to such filing, promptly give written notice to all Purchasers of its intention to do so and, if the Company receives the
written request of any Purchaser holding Registrable Shares within twenty (20) days after the Company provides such notice, the Company shall use its best efforts to cause all Registrable Shares that the Company has been requested by such
Purchaser or Purchasers to be 

  
 4 

 
registered under the Securities Act to the extent necessary to permit their sale or other disposition; provided, however, that the rights set forth in this Section 4 shall not apply
to Registration Statements to be filed pursuant to Section 3 hereof; and provided further that the Company shall have the right to postpone or withdraw any registration effected pursuant to this Section 4 without obligation
to any Purchaser resulting from such postponement or withdrawal except, for the avoidance of doubt, under Section 6 hereof. 
 4.2 In connection with any offering under this Section 4 involving an underwriting, the Company shall not be required to include any Registrable Shares in such underwriting unless the holders
thereof accept the customary terms of the underwriting as reasonably agreed upon between the Company and the underwriters selected by it. If the underwriter advises the holders of Registrable Shares requesting registration hereunder that, in its
good faith view, marketing factors require a limitation of the number of shares to be underwritten, then the Company shall exclude from such registration (a) first, securities held by any Person who does not have any contractual rights to cause
the Company to register such securities, (b) second, securities held by any Person with such contractual rights other than those granted under this Agreement and (c) third, shares held by the holders of Registrable Shares pro rata among
such holders on the basis of the respective number of shares of Common Stock requested to be included in such registration, but in no event shall the amount of Registrable Shares included in the offering pursuant to this clause (c) be reduced
below thirty percent (30%) of the total amount of securities included in such offering unless such offering is the initial public offering of the Company’s securities and no other stockholder has included shares in such registration.

 4.3 No registration effected pursuant to this Section 4 shall count as demands or requests for registration under
Section 3 hereof. 
 Section 5. Registration Procedures. If and whenever the Company is required by the
provisions of this Agreement to effect the registration of any of the Registrable Shares under the Securities Act, the Company shall: 
 5.1 Keep each Purchaser advised of each registration and as to the completion thereof; 
 5.2 Prepare and file with the Commission a Registration Statement with respect to such Registrable Shares and use its best efforts to cause that Registration Statement to become and remain effective until
the completion of the distribution; 
 5.3 As expeditiously as reasonably practicable, prepare and file with the Commission any
amendments and supplements to the Registration Statement and the prospectus included in the Registration Statement as may be necessary to keep the Registration Statement effective, and comply with the provisions of the Securities Act with respect to
the disposition of all securities covered by such Registration Statement; 
 5.4 As expeditiously as reasonably practicable,
furnish to each selling Purchaser such reasonable numbers of copies of the Registration Statement, each amendment and supplement thereto, prospectus, including a preliminary prospectus, in conformity with the

  
 5 

 
requirements of the Securities Act, and such other documents as the selling Purchaser may reasonably request in order to facilitate the public sale or other disposition of the Registrable Shares
owned by the selling Purchaser; 
 5.5 As expeditiously as reasonably practicable, use its best efforts to register or qualify
the Registrable Shares covered by the Registration Statement under the securities or Blue Sky laws of such states as the selling Purchasers shall reasonably request, and do any and all other acts and things that may be necessary or desirable to
enable the selling Purchasers to consummate the public sale or other disposition in such states of the Registrable Shares owned by the selling Purchaser; provided, however, that the Company shall not be required in connection with this
Section 5.4 to qualify as a foreign corporation or execute a general consent to service of process in any jurisdiction where it is not conducting business; 
 5.6 In the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and customary form, with the managing underwriter(s) of such
offering. Each Purchaser participating in such underwriting shall also enter into and perform its obligations under such an agreement; 
 5.7 Promptly notify each selling Purchaser of Registrable Shares covered by such Registration Statement, and each underwriter, if any, after it shall receive notice thereof, of the time when such
Registration Statement has become effective or such supplement to any prospectus forming a part of such Registration Statement has been filed; 
 5.8 Promptly notify each selling Purchaser of Registrable Shares covered by such Registration Statement, and each underwriter, if any, of any request by the Commission for the amending or supplementing of
such Registration Statement or prospectus or for additional information; 
 5.9 Prepare and promptly file with the Commission
each amendment or supplement to such Registration Statement or prospectus, as then in effect, as may be necessary to correct any statements or omissions if, at the time when a prospectus relating to such securities is required to be delivered under
the Securities Act, any event has occurred as the result of which any such prospectus or any other prospectus as then in effect would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements
therein not misleading in light of the circumstances in which they were made, and promptly notify each selling Purchaser of Registrable Shares covered by such Registration Statement, and each underwriter, if any, of each such amendment or
supplement; 
 5.10 Promptly notify each selling Purchaser of Registrable Shares covered by such Registration Statement, and
each underwriter, if any, after it shall receive notice or obtain knowledge thereof, of the issuance of any stop order by the Commission suspending the effectiveness of such Registration Statement or the initiation or threatening of any proceeding
for that purpose and promptly use all reasonable best efforts to prevent the issuance of any stop order or to obtain its withdrawal if such stop order should be issued; 
 5.11 At any time when a Registration Statement is effective under the Securities Act, promptly notify each selling Purchaser of Registrable Shares covered by such

  
 6 

 
Registration Statement, and each underwriter, if any, of the happening of any event as a result of which the prospectus included in such Registration Statement, as then in effect, includes an
untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing. The Company shall promptly prepare a
supplement or amendment to such prospectus so that it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading in the light
of the circumstances then existing; 
 5.12 Furnish, on the date that such Registrable Securities are delivered to the
underwriters for sale, if such securities are being sold through underwriters, (a) an opinion, dated as of such date, of the counsel representing the Company for the purposes of such registration, in form and substance as is customarily given
to underwriters in an underwritten public offering, addressed to the underwriters, if any, and to each selling Purchaser of Registrable Shares covered by such Registration Statement and (b) a letter dated as of such date, from the independent
certified public accountants of the Company, in form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten public offering addressed to the underwriters and to each selling Purchaser of
Registrable Shares covered by such Registration Statement; 
 5.13 If the Company has delivered preliminary or final
prospectuses to the selling Purchasers and after having done so the prospectus is amended to comply with the requirements of the Securities Act, the Company shall promptly notify the selling Purchasers and, if requested, the selling Purchasers shall
promptly cease making offers of Registrable Shares and return all prospectuses to the Company or confirm in writing that all prospectuses have been destroyed. The Company shall promptly provide the selling Purchasers with revised prospectuses and,
following receipt of the revised prospectuses, the selling Purchasers shall be free to resume making offers of the Registrable Shares; 
 5.14 Cause all such Registrable Shares to be listed on or included in each securities exchange or quotation system on which similar securities issued by the Company are then listed or quoted; 

5.15 Provide a transfer agent and registrar for all Registrable Shares registered pursuant to such Registration Statement and a CUSIP
number for all such Registrable Shares, in each case not later than the effective date of such registration; 
 5.16 Make
available for inspection by the Purchasers, any underwriter participating in any disposition pursuant to such Registration Statement and any attorney, accountant or other agent retained by the Purchasers or such underwriter, all financial and other
records, pertinent corporate documents and properties of the Company, and cause the Company’s officers, directors, employees and independent accountants to supply all information in each case as may reasonably be requested by the Purchasers or
such underwriter, attorney, accountant or agent in connection with such Registration Statement, subject to such reasonable confidentiality requirements as may be requested the Company; 

  
 7 

 5.17 Permit a Purchaser, if such Purchaser reasonably believes, after consultation with
counsel, such Purchaser might be deemed to be an underwriter or a controlling person of the Company, to participate in the preparation of such Registration Statement; 
 5.18 In the event of the issuance of any stop order suspending the effectiveness of a Registration Statement, or of any order suspending or preventing the use of any related prospectus or suspending the
qualification of any Common Stock included in such Registration Statement for sale in any jurisdiction, use its reasonable best efforts promptly to obtain the withdrawal of such order; and 

5.19 Make available its senior management to participate in any “road shows” scheduled in connection with the offering of any
Registrable Shares pursuant to such registration, with all reasonable out-of-pocket costs and expenses incurred by the Company in connection with such attendance and participation to be paid by the Company. 

Section 6. Allocation of Expenses. The Company will pay all Registration Expenses (as defined below) of all
registrations under this Agreement; provided, however, that if a registration under Section 3.1 is withdrawn at the request of the Purchasers requesting such registration (other than as a result of information concerning the business or
financial condition of the Company that is made known in writing to the Purchasers requesting registration after the date on which such registration was requested) and if the requesting Purchasers elect not to have such registration counted as a
registration requested under Section 3.1, the requesting Purchasers shall pay the Registration Expenses of such registration pro rata in accordance with the number of their Registrable Shares requested to be included in such registration. The
term “Registration Expenses” shall mean all expenses incurred in complying with this Agreement, including, without limitation, all registration and filing fees, exchange listing fees, printing expenses, fees and disbursements
of counsel for the Company and the reasonable fees and expenses of one (1) counsel selected by the selling Purchasers to represent the selling Purchasers (up to a maximum of $100,000), state Blue Sky fees and expenses, and the expense of any
special audits or “cold comfort” letters incident to or required by any such registration, but excluding underwriting discounts and selling commissions. 
 Section 7. Indemnification and Contribution. 
 7.1 In the event of any
registration of any of the Registrable Shares under the Securities Act pursuant to this Agreement, the Company will indemnify and hold harmless each selling Purchaser (including each member, manager, partner, officer and director thereof and legal
counsel and independent accountant thereto), each underwriter of such seller of such Registrable Shares, and each other Person, if any, who controls such seller or underwriter within the meaning of the Securities Act or the Exchange Act (each, a
“Purchaser Indemnified Party”) against any expenses, losses, claims, damages or liabilities, joint or several, to which such Purchaser Indemnified Party may become subject under the Securities Act, the Exchange Act, state
securities or Blue Sky laws or otherwise, including any of the foregoing incurred in connection with the settlement of any commenced or threatened litigation, insofar as such expenses, losses, claims, damages or liabilities (or actions in respect
thereof) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact contained in (i) any Registration Statement under which such Registrable Shares were registered under the

  
 8 

 
Securities Act, (ii) any preliminary prospectus or final prospectus contained in the Registration Statement, (iii) any other document delivered to such Purchaser Indemnified Party by
the Company’s chief executive officer, chief financial officer or president that is delivered in connection with such registration of Registrable Shares, or (iv) any amendment or supplement thereto, or, in any of the foregoing cases, arise
out of or are based upon the omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading or any violation or alleged violation by the Company of the Securities Act,
the Exchange Act, any state securities law or any rule or regulation promulgated under the Securities Act, the Exchange Act or any state securities laws or otherwise in connection with the offering covered by such Registration Statement; and the
Company will reimburse such Purchaser Indemnified Party for any legal or any other expenses reasonably incurred by such Purchaser Indemnified Party in connection with investigating or defending any such expense, loss, claim, damage, liability or
action; provided, however, that the Company will not be liable to any Purchaser Indemnified Party in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon any untrue statement or omission made in
such Registration Statement, final prospectus, or any such amendment or supplement, in reasonable reliance upon and in conformity with information furnished (or not furnished in the case of an omission or alleged omission) to the Company, in
writing, by or on behalf of such Purchaser Indemnified Party specifically for use in the preparation thereof. 
 7.2 In the
event of any registration of any of the Registrable Shares under the Securities Act pursuant to this Agreement, each selling Purchaser, severally and not jointly, will indemnify and hold harmless the Company, each of the Company’s directors and
officers, each underwriter, if any, each Person, if any, who controls the Company or any such underwriter within the meaning of the Securities Act or the Exchange Act, any other seller of Registrable Shares or any such seller’s members,
managers, partners, officers and directors, and each person, if any, who controls such seller within the meaning of the Securities Act and the Exchange Act (each, a “Company Indemnified Party”; and together with the Purchaser
Indemnified Parties, the “Indemnified Parties”) against any expenses, losses, claims, damages or liabilities, joint or several, to which the Company Indemnified Party may become subject under the Securities Act, Exchange Act,
state securities or Blue Sky laws or otherwise, including any of the foregoing incurred in connection with the settlement of any commenced or threatened litigation, insofar as such expenses, losses, claims, damages or liabilities (or actions in
respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in (i) any Registration Statement under which such Registrable Shares were registered under the Securities Act,
(ii) any preliminary prospectus or final prospectus contained in the Registration Statement, (iii) any other document delivered to such Company Indemnified Party by such selling Purchaser that is delivered in connection with such
registration of Registrable Shares, or (iv) any amendment or supplement to the Registration Statement, or, in any of the foregoing cases, arise out of or are based upon any omission or alleged omission to state a material fact required to be
stated therein or necessary to make the statements therein not misleading, and each such seller of Registrable Shares will reimburse the Company Indemnified Party for any legal or any other expenses reasonably incurred by the Company Indemnified
Party entitled to indemnification in connection with investigating or defending any such loss, claim, damage, liability or action if, and solely to the extent that, the statement or omission was made in reliance upon and in conformity with
information furnished in writing to the Company by or on behalf of such seller, specifically for use in connection with the preparation of such Registration 

  
 9 

 
Statement, prospectus, document, amendment or supplement; provided, however, that the obligations of each such Purchaser hereunder shall be limited to an amount equal to the net proceeds received
by such Purchaser in connection with such offering of such Registrable Shares; provided, further, however, that no such Purchaser will be liable for any amount paid in settlement of any such claim, loss, damage, liability or action if such
settlement is effected without the consent of such Purchaser, which consent shall not be unreasonably withheld, conditioned or delayed. 
 7.3 Each Indemnified Party entitled to indemnification under this Section 7 shall give notice to the party required to provide indemnification (the “Indemnifying Party”)
promptly after such Indemnified Party has knowledge of any claim as to which indemnity may be sought, and shall permit the Indemnifying Party to assume the defense of any such claim or any litigation resulting therefrom; provided, however, that
counsel for the Indemnifying Party, who shall conduct the defense of such claim or litigation, shall be approved by the Indemnified Party, whose approval shall not be unreasonably withheld; and, provided, further, that the failure of any Indemnified
Party to give notice as provided herein shall not relieve the Indemnifying Party of its obligations under this Agreement, except to the extent that the Indemnifying Party’s ability to defend against such claim or litigation is materially
impaired as a result of such failure to give notice. The Indemnified Party may participate in such defense at such party’s expense; provided, however, that the Indemnifying Party shall pay such expense if representation of such Indemnified
Party by the counsel retained by the Indemnifying Party would be inappropriate due to actual or potential conflicts of interests between the Indemnified Party and any other party represented by such counsel in such proceeding. No Indemnifying Party
in the defense of any such claim or litigation shall, except with the consent of each Indemnified Party, consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant
or plaintiff to such Indemnified Party of a release from all liability in respect of such claim or litigation, and no Indemnified Party shall consent to entry of any judgment or settle such claim or litigation without the prior written consent of
the Indemnifying Party. Each Indemnified Party shall furnish such information regarding itself or the claim in question as an Indemnifying Party may reasonably request in writing and as shall be reasonably required in connection with the defense of
such claim and litigation resulting therefrom. 
 7.4 In order to provide for just and equitable contribution in circumstances
in which the indemnification provided for in this Section 7 is due in accordance with its terms but for any reason is held to be unavailable to an Indemnified Party in respect to any expenses, losses, claims, damages and liabilities
referred to herein, then the Indemnifying Party shall, in lieu of indemnifying such Indemnified Party, contribute to the amount paid or payable by such Indemnified Party as a result of such expenses, losses, claims, damages or liabilities to which
such party may be subject in proportion as is appropriate to reflect the relative fault of the Indemnifying Party on the one hand and the Indemnified Party on the other in connection with the statements or omissions that resulted in such losses,
claims, damages or liabilities, as well as any other relevant equitable considerations. The relative fault of the Indemnifying Party and the Indemnified Party shall be determined by reference to, among other things, whether the untrue or alleged
untrue statement of material fact related to information supplied by the Indemnifying Party or the Indemnified Party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or
omission. The Company and the 

  
 10 

 
Purchasers agree that it would not be just and equitable if contribution pursuant to this Section 7 were determined by pro rata allocation or by any other method of allocation that
does not take account of the equitable considerations referred to above. Notwithstanding the provisions of this paragraph of Section 7, (a) in no case shall any one (1) Purchaser be liable or responsible for any amount in
excess of the net proceeds received by such Purchaser from the offering of Registrable Shares and (b) the Company shall be liable and responsible for any amount in excess of such proceeds; provided, however, that no person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution for any person who was not guilty of such fraudulent misrepresentation. Any party entitled to contribution will, promptly
after receipt of notice of commencement of any action, suit or proceeding against such party or parties under this Section, notify such party or parties from whom such contribution may be sought, but the omission so to notify such party or parties
from contribution may be sought shall not relieve such party from any other obligation it or they may have thereunder or otherwise under this Section. No party (other than the Company) shall be liable for contribution with respect to any action,
suit, proceeding or claim settled without its prior written consent, which consent shall not be unreasonably withheld. 
 7.5
The obligations of the Company and the Purchasers under this Section 7 shall survive completion of any offering of Registrable Shares in any Registration Statement and the termination of this Agreement. 

Section 8. Indemnification with Respect to Underwritten Offering. In the event that Registrable Shares are
sold pursuant to a Registration Statement in an underwritten offering pursuant to Section 3, the Company agrees to enter into an underwriting agreement containing customary representations and warranties with respect to the business and
operations of an issuer of the securities being registered and customary covenants and agreements to be performed by such issuer, including without limitation customary provisions with respect to indemnification by the Company of the underwriters of
such offering. 
 Section 9. Information by Holder. As a condition to be included in any Registration
Statement, each holder of Registrable Shares included in such registration shall furnish to the Company such information regarding such holder and the distribution proposed by such holder as the Company may reasonably request in writing and as shall
be reasonably required in connection with any registration, qualification or compliance referred to in this Agreement. 

Section 10. Market Stand-Off Agreement. In connection with any public offering, each Purchaser, if requested by the Company
and the underwriters managing such public offering, shall agree not to sell or otherwise transfer or dispose of any Registrable Shares or other securities of the Company held by such Purchaser (other than those Registrable Shares included in the
public offering) for a specified period of time determined by the Company and the underwriters following the effective date of a Registration Statement; provided, however, that: 

(a) such agreement shall not exceed one hundred eighty (180) days from the effective date of such registration, which period may be
extended upon the request of the managing underwriter for an additional period of up to fifteen (15) days if the Company issues or proposes to issue an earnings or other public release within fifteen (15) days of the expiration of the
180-day lockup period; 

  
 11 

 (b) all Purchasers holding not less than the number of shares of Common Stock held by such
Purchasers (including shares of Common Stock issuable upon the conversion of the Series C Preferred Stock, the Series C-1 Preferred Stock, the Series B Preferred Stock, the Series A Preferred Stock or other convertible securities, or upon the
exercise of options, warrants or other rights) and all holders of one percent (1%) or more of the Company’s voting securities and all officers and directors of the Company enter into similar agreements; provided, however, that all
restrictions set forth in this Section 10 on all such Purchasers shall terminate and be of no further force or effect if any Purchaser, holder of securities, officer or director is released from, or otherwise no longer bound by, such
restrictions; and 
 (c) such agreement shall only apply to the first such Registration Statement covering Common Stock of the
Company to be sold on its behalf to the public in an underwritten offering. 
 Such agreement shall be in writing in a form reasonably
satisfactory to the Company and such underwriter. The Company may impose stop-transfer instructions with respect to the Registrable Shares or other securities subject to the foregoing restriction until the end of the stand-off period. 

Section 11. Limitations on Subsequent Registration Rights. The Company shall not, without the prior written
consent of Purchasers holding at least a majority of the Purchasers’ Registrable Shares, enter into any agreement (other than this Agreement) with any holder or prospective holder of any securities of the Company that would allow such holder or
prospective holder either (a) to include securities of the Company in any registration filed under Section 3 or Section 4, (b) to make a demand registration that could result in such registration statement being declared
effective prior to twelve (12) months after the Qualified Public Offering or (c) to have registration rights that are pari passu with or superior to the rights granted to the Purchasers under this Agreement. 

Section 12. Rule 144 Requirements. After the earliest of (a) the closing of the sale of securities of the Company
pursuant to a Registration Statement, (b) the registration by the Company of a class of securities under Section 12 of the Exchange Act or (c) the issuance by the Company of an offering circular pursuant to Regulation A under the
Securities Act, the Company agrees to: 
 (a) comply with the requirements of Rule 144(c) under the Securities Act with respect
to making and keeping available current public information about the Company; 
 (b) use its best efforts to file with the
Commission in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements); and 

(c) furnish to any holder of Registrable Shares promptly after receipt of a written request (i) a written statement by the Company
as to its compliance with the requirements of said Rule 144(c), and the reporting requirements of the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements), (ii) a copy of the most recent
annual or quarterly report of the Company, and (iii) such other reports and documents of the Company as such holder may reasonably request to avail itself of any similar rule or regulation of the Commission allowing it to sell any such
securities without registration, including, without limitation, Rules 144 and 144A. 

  
 12 

 Section 13. Selection of Underwriter. The Company shall have the right to designate
the managing underwriter in any underwritten offering, except for any registration effected pursuant to Section 3, which designation shall be subject to the approval of the Purchasers holding at least sixty percent (60%) of the Registrable
Shares issued or issuable upon conversion of the Series C Preferred Stock requested to be included in such offering, and which approval shall not be unreasonably withheld. 
 Section 14. Mergers, Etc. The Company shall not, directly or indirectly, enter into any merger, consolidation, or reorganization in which the Company shall not be the surviving corporation unless
the proposed surviving entity shall, prior to such merger, consolidation, or reorganization, agree in writing to assume the obligations of the Company under this Agreement, and for that purpose references hereunder to “Registrable Shares”
shall be deemed to be references to the securities that the Purchaser would be entitled to receive in exchange for Registrable Shares under the terms of any such merger, consolidation, or reorganization; provided, however, that the provisions of
this Agreement shall not apply in the event of any merger, consolidation, or reorganization in which the Company is not the surviving entity if all Purchasers are entitled to receive in exchange for their Registrable Shares consideration consisting
solely of (i) cash, (ii) securities of the acquiring corporation that may be immediately sold to the public without registration under the Securities Act, or (iii) securities of the acquiring entity that the acquiring entity has
agreed to register within ninety (90) days of completion of the transaction for resale to the public pursuant to the Securities Act. 
 Section 15. Successors and Assigns. Except as provided in Section 16, the provisions of this Agreement shall be binding upon, and inure to the benefit of, the respective successors,
assigns, heirs, executors and administrators of the parties hereto. 
 Section 16.
Transfers of Certain Rights. 
 16.1 Transfer of Rights. The rights of each Purchaser under this
Agreement may be transferred to a transferee or assignee of the Registrable Shares provided that the Purchaser shall, within ten (10) business days after such transfer, furnish to the Company written notice of the name and address of such
transferee or assignee and the number of Registrable Shares with respect to which such rights are being assigned. The transferee or assignee of a Purchaser’s rights and obligations hereunder shall be deemed a “Purchaser” for purposes
of this Agreement. 
 16.2 Transferees. Any transferee of a Purchaser’s Registrable Shares shall, as a condition to
such transfer, deliver to the Company a written instrument by which such transferee agrees to be bound by the obligations imposed upon the Purchasers under this Agreement to the same extent as if such transferee were a Purchaser hereunder.

 16.3 Subsequent Transferees. A transferee to whom rights are transferred pursuant to this Section 16
may not again transfer such rights to any other Person, other than as provided in Sections 16.1 or 16.2 above. 

  
 13 

 Section 17. Miscellaneous. 

17.1 Counterparts; Facsimile Signatures. This Agreement may be executed in any number of counterparts, each of which shall be
deemed to be an original, and all of which together shall constitute one and the same document. This Agreement may be executed by facsimile signatures. 
 17.2 No Inconsistent Agreements. Without limitation of Section 11 hereof, the Company will not hereafter enter into any agreement with respect to its securities that is
inconsistent with, grants any rights equal or superior to the rights of, or violates the rights granted to the holders of Registrable Shares in this Agreement without first obtaining the prior written consent of the Purchasers holding at least a
majority of the Registrable Shares. 
 17.3 Adjustments Affecting Registrable Shares. The Company will not take
any action, or permit any change to occur, with respect to its securities that would adversely affect the ability of the holders of Registrable Shares to include such Registrable Shares in a registration undertaken pursuant to this Agreement or that
would adversely affect the marketability of such Registrable Shares in any such registration (including, without limitation, effecting a stock split or a combination of shares). 

17.4 No Waiver. No waiver of any provision or consent to any action shall constitute a waiver of any other provision or consent to
any other action, whether or not similar. No waiver or consent shall constitute a continuing waiver or consent or commit a party to provide a waiver or consent in the future except to the extent specifically set forth in writing. 

17.5 Amendments and Waivers. Any provision of this Agreement may be amended and the observance thereof may be waived
(either generally or in a particular instance and either retroactively or prospectively), only by the written consent of the Purchasers holding at least sixty percent (60%) of the Registrable Shares issued or issuable upon the conversion of the
Series C Preferred Stock; provided, however, that (a) no amendment or waiver that adversely affects the rights or increases the obligations of a particular Purchaser shall be effective without the prior written consent of such Purchaser, unless
such amendment or waiver adversely affects the rights or increases the obligations of all Purchasers in a like manner; and (b) any amendment or waiver hereof that adversely changes a specified enumerated right or obligation hereunder of the
Company shall not be effected without the prior written consent of the Company. Any amendment or waiver effected in accordance with this Section 17.5 shall be binding upon the Company and each of the Purchasers and their respective
successors and assigns. 
 17.6 Specific Performance. In addition to any and all other remedies that may be available at
law, in the event of any breach of this Agreement, each Purchaser shall be entitled to specific performance of the agreements and obligations of the Company hereunder and to such other injunctive or other equitable relief as may be granted by a
court of competent jurisdiction. 
 17.7 Remedies Cumulative. No remedy or election hereunder shall be deemed exclusive
but shall, wherever possible, be cumulative with all other remedies at law or in equity. 

  
 14 

 17.8 Jury Trial Waiver. To the fullest extent permitted by law, and as separately
bargained-for-consideration, each party hereby waives any right to trial by jury in any action, suit, proceeding or counterclaim of any kind arising out of or relating to this Agreement. 

17.9 Governing Law. This Agreement shall be governed by, and construed and interpreted in accordance with, the laws of the
State of Delaware, as applicable to contracts executed and delivered in Delaware between New Delaware residents and which are to be performed wholly within Delaware, without regard to principles of conflicts of law except with respect to matters of
law concerning the internal corporate affairs of any corporation which is a party to or the subject of this Agreement, which matters shall be governed by the law of the jurisdiction under which such corporation derives its powers. 

17.10 Notices. All notices required or permitted hereunder shall be in writing and shall be deemed effectively given:
(a) upon personal delivery to the party to be notified; (b) when sent by confirmed facsimile if sent during normal business hours of the recipient; if after normal business hours, then on the next business day; (c) five (5) days
after having been sent by registered or certified mail, return receipt requested, postage prepaid; or (d) one (1) business day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written
verification of receipt. All communications shall be sent to the Company at the address as set forth on the signature page hereof and to a Purchaser at such Purchaser’s address as set forth on Exhibit A attached hereto, or at such other
address as the Company or a Purchaser may designate by ten (10) days’ advance written notice to the other parties hereto. 
 17.11 Severability. If any term of provision of this Agreement is determined to be illegal, unenforceable or invalid in whole or in part for any reason, such illegal, unenforceable or invalid
provisions or party thereof shall be stricken from this Agreement, and such provision shall not affect the legality, enforceability or validity of the remainder of this Agreement. If any provision or part thereof of this Agreement is stricken in
accordance with the provisions of this Section 17.11, then such stricken provision shall be replaced, to extent possible, with a legal, enforceable and valid provision that is as similar in tenor to the stricken provision as is legally
possible. 
 17.12 Section Headings. The section headings are for the convenience of the parties and in no way alter,
modify, amend, limit or restrict the contractual obligations of the parties. 
 17.13 No Registration of Preferred Stock.
The registration rights contained herein apply only to the Registrable Shares, and the Company shall never be obligated to register any of the Series C Preferred Stock, the Series C-1 Preferred Stock, the Series B Preferred Stock or the Series A
Preferred Stock. 
 17.14 Expenses. The Company shall pay, and hold the Purchasers and all holders of Registrable Shares
harmless against liability for the payment of the reasonable fees and expenses incurred with respect to the enforcement of the rights granted under, or any amendments or waivers to, this Agreement. 

  
 15 

 17.15 Entire Agreement; Amendment and Restatement of Existing Agreement. This
Agreement and exhibits referred to herein constitute the entire agreement among the parties and supersede all prior communications, representations, understandings and agreements of the parties with respect to the subject matter hereof. All exhibits
hereto are hereby incorporated herein by reference. Nothing in this Agreement, express or implied, is intended to confer upon any third party any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly
provided in this Agreement. This Agreement amends, restates and supersedes the Existing Agreement. Each of the Company and each Purchaser that is a party to the Existing Agreement hereby expressly consents and agrees to this amendment and
restatement of the Existing Agreement. 
 17.16 Joinder. The Company shall require any Person that acquires, at any time
following the date of this Agreement, Company Securities to, upon and as a condition to such acquisition, execute a joinder pursuant to which such Person agrees to become a party to this Agreement as a Purchaser. 

17.17 General Interpretation. The terms of this Agreement have been negotiated by the parties hereto and the language used in this
Agreement shall be deemed to be the language chosen by the parties hereto to express their mutual intent. This Agreement shall be construed without regard to any presumption or rule requiring construction against the party causing such instrument or
any portion thereof to be drafted, or in favor of the party receiving a particular benefit under this Agreement. No rule of strict construction will be applied against any person. 

17.18 Pronouns. Whenever the context may require, any pronouns used in this Agreement shall include the corresponding masculine,
feminine or neutral forms, and the singular form of nouns and pronouns shall include the plural, and vice versa. 

[Signatures on following pages] 

  
 16 

 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Registration Rights
Agreement as of the date first written above. 
 COMPANY: 

 

					
		 	ADVANCED BIOHEALING, INC.
			
		 	By:	 	 /s/ Kevin Rakin

		 		 	Name: Kevin Rakin
		 		 	Title: President and Chief Executive Officer

  

					
		 	Address:	 	10933 N. Torrey Pines Road
		 		 	Suite 200
		 		 	La Jolla, CA 92037
		 		 	Attention: Kevin Rakin
		 		 	Facsimile: 858-754-3805

 
			
	PURCHASERS:
	
	SAFEGUARD DELAWARE, INC.
		
	By:	 	 /s/ Steven I. Feder

		 	Name: Steven I. Feder
		 	Title: Vice President
	
	CHANNEL MEDICAL PARTNERS, L.P.
		
	By:	 	Channel Medical Management, LLC
		 	and its General Partner
		
	By:	 	Channel Medical Advisors, Inc.
		 	its Manager
		
	By:	 	 /s/ Carol D. Winslow

		 	Carol D. Winslow
		 	Secretary

  

			
	RED ABBEY VENTURE PARTNERS (QP), LP
		
	By:	 	Red Abbey Ventures Partners, LLC, its
		 	General Partner
		
	By:	 	 /s/ Matt Zuga

		 	Matt Zuga
		 	Managing Member

  

			
	RED ABBEY VENTURE PARTNERS, LP
		
	By:	 	Red Abbey Ventures Partners, LLC, its
		 	General Partner
		
	By:	 	 /s/ Matt Zuga

		 	Matt Zuga
		 	Managing Member

 [Signature Page to
Second Amended and Restated Registration Rights Agreement] 

 
			
	RED ABBEY CEO’S FUND, LP
		
	By:	 	Red Abbey Ventures Partners, LLC, its
		 	General Partner
		
	By:	 	 /s/ Matt Zuga

		 	Matt Zuga
		 	Managing Member

  

			
	CANAAN VII L.P.
		
	By:	 	Canaan Partners VII, LLC
		
	By:	 	 /s/ Gregory Kopchinsky

		 	Name: Gregory Kopchinsky
		 	Title: Manager

  

			
	HUTTON LIVING TRUST dated 12/10/96
		
	By:	 	 /s/ Wende Hutton

		 	Wende Hutton, Trustee

  

			
	WHEATLEY NEW YORK PARTNERS, L.P.
		
	By:	 	Wheatley NY Partners, LLC, General Partner
		
	By:	 	 /s/ Barry Rubenstein

		 	Name: Barry Rubenstein
		 	Title: CEO

 [Signature Page to Second
Amended and Restated Registration Rights Agreement] 

 
			
	WHEATLEY PARTNERS III, L.P.
		
	By:	 	Wheatley Partners III, LLC, General Partner
		
	By:	 	 /s/ Barry Rubenstein

		 	Name: Barry Rubenstein
		 	Title: CEO
	
	WHEATLEY ASSOCIATES III, L.P.
		
	By:	 	Wheatley Partners III, LLC, General Partner
		
	By:	 	 /s/ Barry Rubenstein

		 	Name: Barry Rubenstein
		 	Title: CEO
	
	WHEATLEY FOREIGN PARTNERS III, L.P.
		
	By:	 	Wheatley Partners III, LLC, General Partner
		
	By:	 	 /s/ Barry Rubenstein

		 	Name: Barry Rubenstein
		 	Title: CEO
	
	OLIVER D. CURME CHILDREN’S TRUST
		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	EDWARD R. GATES AND LIORA L. GATES
	
	 /s/ Edward R. Gates

	
	 /s/ Liora L. Gates

[Signature Page to Second Amended and Restated Registration Rights Agreement] 

 
			
	WALTER GREENBLATT & ASSOCIATES, LLC
		
	By:	 	 /s/ Walter C. Greenblatt

		 	Name: Walter C. Greenblatt
		 	Title: Managing Director
		
		 	 /s/ Kevin Rakin

		 	Kevin Rakin

 [Signature Page to Second
Amended and Restated Registration Rights Agreement] 

 
			
	ABH INVESTORS LIMITED LIABILITY COMPANY
		
	By:	 	 /s/ Robert Graifman

		 	Name: Robert Graifman
		 	Title: Managing Member

 [Signature Page
to Second Amended and Restated Registration Rights Agreement] 

 EXHIBIT A 
 LIST OF PURCHASERS 
 Safeguard Delaware, Inc. 

Channel Medical Partners, L.P. 
 Red
Abbey Venture Partners (QP), LP 
 Red Abbey Venture Partners, LP 
 Red Abbey CEO’s Fund, LP 
 Canaan VII L.P. 

Hutton Living Trust dated 12/10/96 

Wheatley New York Partners, L.P. 

Wheatley Partners III, L.P. 

Wheatley Associates III, L.P. 

Wheatley Foreign Partners III, L.P. 

Oliver D. Curme Children’s Trust 

Edward R. Gates and Liora L. Gates 

Walter Greenblatt & Associates, LLC 
 ABH Investors Limited Liability Company 
 Kevin Rakin

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}]]