Document:

EX-10.2

 Exhibit 10.2 

AMENDMENT NO. 8 TO REVOLVING CREDIT AGREEMENT 

THIS AMENDMENT NO. 8 TO REVOLVING CREDIT AGREEMENT, dated as of June 4, 2020 (this “Eighth Amendment”), is made by and
among PALANTIR TECHNOLOGIES INC., a Delaware corporation (the “Borrower”), the guarantor party hereto (the “Guarantor”), the lenders party hereto (the “Lenders”) and MORGAN STANLEY SENIOR FUNDING,
INC., as administrative agent (in such capacity and together with its successors, the “Administrative Agent”) (such capitalized term and all other capitalized terms used but not otherwise defined herein shall have the meanings set
forth in the Credit Agreement referred to below). 
 W I T N E S S E T
H: 
 WHEREAS, the Borrower, the Lenders and the Administrative Agent have heretofore entered into that certain Revolving Credit
Agreement, dated as of October 7, 2014 (as amended by the First Amendment, dated as of June 1, 2015, the Second Amendment, dated as of August 5, 2016, the Third Amendment, dated as of April 26, 2017, the Fourth Amendment, dated
as of June 28, 2018, the Fifth Amendment, dated as of June 18, 2019, the Sixth Amendment, dated as of December 20, 2019 and the Seventh Amendment, dated as of December 31, 2019, the “Existing Credit Agreement”
and, as amended by this Eighth Amendment and as the same may be further amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”); 

WHEREAS, the Borrower, the Guarantor and the Administrative Agent have heretofore entered into that certain Pledge and Security Agreement,
dated as of December 20, 2019 (as amended by the Seventh Amendment, dated as of December 31, 2019, the “Existing Security Agreement” and, as amended by this Eighth Amendment and as the same may be further amended,
supplemented, amended and restated or otherwise modified from time to time, the “Security Agreement”); 
 WHEREAS, the
Borrower has requested that (i) the Existing Credit Agreement be amended as set forth in Article I herein, to, among other items, provide for new Term Commitments thereunder in an aggregate principal amount of $150,000,000 (the
“Eighth Amendment Term Commitments”; the Term Loans made pursuant to such Eighth Amendment Term Commitments, the “Eighth Amendment Term Loans”) to be provided by each Person executing this Amendment as a Term Lender
and as set forth on Schedule 2.1 to the Credit Agreement, and (ii) the Existing Security Agreement be amended as set forth in Article I herein; 

WHEREAS, (i) the Lenders are willing, on the terms and subject to the conditions set forth below, to consent to such amendment of the
Existing Credit Agreement and the Existing Security Agreement and (ii) each Term Lender party hereto is willing, on the terms and subject to the applicable conditions set forth below, to establish the Eighth Amendment Term Commitments and to
fund the Eighth Amendment Term Loans; 
 NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained, the
Borrower, the Guarantor, the Lenders and the Administrative Agent hereby agree as follows: 

 ARTICLE I 

AMENDMENT TO EXISTING CREDIT AGREEMENT; ACKNOWLEDGEMENT 

SECTION 1.1    Amendments. Subject to the satisfaction (or waiver) of the conditions set forth in Article II, (a) the
Existing Credit Agreement is hereby amended by amending and restating the Existing Credit Agreement to be in the form of the Credit Agreement attached as Annex I hereto, and (b) the Existing Security Agreement shall be amended by amending and
restating the Existing Security Agreement to be in the form of the Security Agreement attached as Annex II hereto. 
 SECTION
1.2    Acknowledgement. Each of the parties hereto acknowledges and agrees that the terms of this Eighth Amendment do not constitute a novation but, rather, an amendment of the terms of a
pre-existing Indebtedness and related agreement, as evidenced by the Existing Credit Agreement. 

ARTICLE II 
 CONDITIONS TO
EFFECTIVENESS OF AMENDMENT 
 SECTION 2.1    Conditions. The amendments contained in Article I shall be effective
on the date of the satisfaction or waiver of each of the conditions contained in this Section 2.1 (the “Eighth Amendment Effective Date”). 

(a)    Execution of Counterparts. The Administrative Agent shall have received (1) counterparts
of this Eighth Amendment duly executed and delivered by the Borrower and the Guarantor, (2) written agreement or consent to the amendment contained herein from each of the Lenders, (3) the Disclosure Letter duly executed and delivered by
the Borrower and the Guarantor, and (4) such other documents and agreements as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent, to fully effect the purposes of this Agreement. 

(b)    Representations and Warranties. Each of the representations and warranties contained
in Article III below shall be true and correct in all material respects. 
 (c)    Fees and
Expenses. The Administrative Agent shall have received all fees and expenses due and payable pursuant to (i) Section 5.3 (to the extent then invoiced) and (ii) the Credit Agreement. 

(d)    No Default. As of the Eighth Amendment Effective Date, no event shall have occurred and be
continuing or would result from the consummation of the transactions contemplated hereby that would constitute an Event of Default or a Default; 

(e)    Legal Opinion. The Administrative Agent shall have received a favorable written opinion
(addressed to the Administrative Agent and the Lenders and dated the Eighth Amendment Effective Date) of Wilson Sonsini Goodrich & 

 
Rosati, P.C., counsel for the Borrower, in form and substance reasonably satisfactory to the Administrative Agent. The Borrower hereby requests such counsel to deliver such opinion. 

(f)    Certificates and Authorizations. 

(1)    The Administrative Agent shall have received (i) certified copies of the resolutions of the
board of directors of the Borrower and the Guarantor approving the transactions contemplated by this Eighth Amendment and the execution and delivery of this Eighth Amendment and the other Loan Documents to be delivered by such Loan Party on the
Eighth Amendment Effective Date, and all documents evidencing other necessary organizational action and governmental approvals, if any, with respect to this Eighth Amendment and the other Loan Documents to be delivered by any Loan Party on the
Eighth Amendment Effective Date and (ii) all other documents reasonably requested by the Administrative Agent relating to the organization, existence and good standing of the Guarantor and the Borrower and authorization of the transactions
contemplated hereby. 
 (2)    The Administrative Agent shall have received a certificate of the
Secretary or an Assistant Secretary of the Borrower and the Guarantor certifying the names and true signatures of the officers of such entity authorized to sign the Loan Documents to which it is a party, to be delivered by such entity on the Eighth
Amendment Effective Date and the other documents to be delivered hereunder on the Eighth Amendment Effective Date. 

(3)    The Administrative Agent shall have received (i) a certificate, dated the Eighth Amendment
Effective Date and signed on behalf of the Borrower by the President, a Vice President or a Financial Officer of the Borrower, confirming compliance with the conditions set forth in Section 2.01(b) and (d) hereof as of the Eighth Amendment
Effective Date, and (ii) a solvency certificate, dated the Eighth Amendment Effective Date and signed on behalf of the Borrower by the chief financial officer or treasurer of the Borrower, certifying that, as of the Eighth Amendment Effective
Date, the Borrower is, individually and together with its Subsidiaries, and after giving effect to the incurrence of any Indebtedness and obligations being incurred in connection herewith will be, Solvent. 

(g)    USA Patriot Act and Beneficial Ownership Certification. The Administrative Agent shall have
received, to the extent reasonably requested by any of the Lenders at least five Business Days prior to the Eighth Amendment Effective Date, all documentation and other information required by bank regulatory authorities under applicable
“know-your-customer” and anti-money laundering rules and regulations, including the USA Patriot Act, and the Beneficial Ownership Regulation. 

 (h)    Term Note. The Administrative Agent shall
have received a Term Note executed by the Borrower in favor of each Term Lender requesting a Term Note in advance of the Eighth Amendment Effective Date. 

(i)    Refinancing. Substantially concurrently with the Eighth Amendment Effective Date, the
Borrower shall have (a) paid in full all Indebtedness under that certain Credit Agreement, dated as of December 31, 2019 (the “RBC Revolving Credit Agreement”), among the Borrower, the lenders from time to time party
thereto and Royal Bank of Canada, as administrative agent, and all commitments and guaranties in connection therewith have been terminated and released, (b) delivered to the Administrative Agent all documents or instruments necessary to release
all Liens securing the Indebtedness under the RBC Revolving Credit Agreement or other obligations of Borrower and its Subsidiaries thereunder being repaid on the Eighth Amendment Effective Date and (c) made arrangements satisfactory to the
Administrative Agent with respect to the cancellation of any letters of credit outstanding thereunder. 

(j)    Collateral Documents. In order to create in favor of the Administrative Agent, for the
benefit of the Secured Parties, a valid, perfected first priority security interest in the Collateral, each Loan Party shall have delivered to the Administrative Agent: 

(i)    a completed Perfection Certificate dated the Eighth Amendment Effective Date and executed by a Responsible Officer
of each Loan Party, together with all attachments contemplated thereby; 
 (ii)    all UCC financing statements required
to be filed in order to create in favor of the Administrative Agent, for the benefit of the Secured Parties, a perfected Lien on the Collateral described in the Collateral Documents in proper form for filing; 

(iii)     Intellectual Property Security Agreements covering all Patents, Trademarks and Copyrights that are required to
be delivered pursuant to Section 4.8 of the Security Agreement, in each case in appropriate form for recordation with the United States Patent and Trademark Office or United States Copyright Office, as applicable (to the extent Intellectual
Property Security Agreements covering such Patents, Trademarks and Copyrights have not previously been filed pursuant to Section 4.8 of the Security Agreement); and 

(iv)    to the extent required under the Security Agreement, originals of certificated securities pledged pursuant to the
Collateral Documents, together with an undated stock power for each such certificated security executed in blank by a Responsible Officer of the pledger thereof. 

 ARTICLE III 

REPRESENTATIONS AND WARRANTIES 

SECTION 3.1    Representations and Warranties. Each of the Loan Parties represents and warrants to the Administrative
Agent and the Lenders that: 
 (a)    This Eighth Amendment has been duly authorized, executed and delivered by it and
constitutes its legal, valid and binding obligation, enforceable against such Loan Party in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally
and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

(b)    The representations and warranties of each Loan Party set forth in each Loan Document are true and correct in all
material respects (or, in the case of representations and warranties qualified as to materiality, in all respects) on and as of the Eighth Amendment Effective Date, except in the case of any such representation and warranty that expressly relates to
a prior date, in which case such representation and warranty is true and correct in all material respects (or in all respects, as applicable) as of such earlier date. 

(c)    At the time of and immediately after giving effect to this Eighth Amendment, no Default or Event of Default shall
have occurred and be continuing. 
 (d)    The execution and delivery of this Eighth Amendment and the performance of
their obligations under this Eighth Amendment, the Credit Agreement and the Security Agreement by the Loan Parties, except as could not reasonably be expected to have a Material Adverse Effect, does not and will not violate or result in a default
under any indenture, agreement or other instrument binding upon the Borrower or any of its Subsidiaries or its assets, or give rise to a right thereunder to require any payment to be made by the Borrower or any of its Subsidiaries. 

SECTION 3.2    Reaffirmation of Obligations. Each Loan Party hereby (a) pledges and grants to the Administrative
Agent, for the benefit of the Secured Parties (as defined in the Security Agreement), a continuing security interest in and Lien on all of its right, title and interest in, to and under the Collateral (as defined in the Security Agreement), (b)
restates, ratifies and reaffirms each and every term and condition set forth in the Credit Agreement and the other Loan Documents effective as of the Eighth Amendment Effective Date and as amended hereby and hereby reaffirms its obligations
(including the Obligations) under each Loan Document to which it is a party, (c) confirms and agrees that the pledge and security interest in the Collateral granted by it pursuant to the Collateral Documents to which it is a party shall
continue in full force and effect after giving effect to this Eighth Amendment, and (d) acknowledges and agrees that such pledge and security interest in the Collateral granted by it pursuant to such Collateral Documents shall continue to
secure the Obligations, as amended by this Eighth Amendment or otherwise affected hereby. The Guarantor acknowledges and agrees that the guarantee contained in the Guaranty Agreement is, and shall remain, in full force and effect immediately after
giving effect to this Eighth Amendment. 

 ARTICLE IV 

JOINDER 
 Each Term Lender party
hereto acknowledges and agrees that, from and after the Eighth Amendment Effective Date, such Term Lender commits to provide its Eighth Amendment Term Commitment, as set forth on Schedule 2.1 to the Credit Agreement, on the terms and subject to the
applicable conditions set forth herein and in the Credit Agreement. Each Term Lender party hereto hereby acknowledges and agrees that, from and after the Eighth Amendment Effective Date, such Term Lender shall be a “Term Lender” and a
“Lender” under, and for all purposes of, the Credit Agreement and the other Loan Documents, and shall be subject to and bound by the terms thereof, and shall perform all the obligations of and shall have all the rights of a Lender
thereunder. On and after the effectiveness of this Eighth Amendment, (i) the Eighth Amendment Term Loans shall be “Loans” and “Term Loans”, (ii) each Term Lender party hereto shall be a “Lender” and a “Term
Lender”, (iii) the Eighth Amendment Term Commitments shall be “Term Commitments” and (iv) this Eighth Amendment shall be a “Loan Document”, in each case for all purposes of the Credit Agreement and the other Loan
Documents. 
 ARTICLE V 

MISCELLANEOUS 
 SECTION
5.1    Full Force and Effect; Amendment. Except as expressly provided herein, all of the representations, warranties, terms, covenants, conditions and other provisions of the Credit Agreement and the other Loan Documents shall
remain in full force and effect in accordance with their respective terms and are in all respects hereby ratified and confirmed. The amendment set forth herein shall be limited precisely as provided for herein to the provisions expressly amended
hereby and shall not be deemed to be an amendment to, waiver of, consent to or modification of any other term or provision of the Credit Agreement, any other Loan Document referred to therein or herein or of any transaction or further or future
action on the part of the Borrower which would require the consent of any of the Lenders under the Credit Agreement or any of the other Loan Documents. 

SECTION 5.2    Loan Document Pursuant to Credit Agreement. This Eighth Amendment is a Loan Document executed pursuant to
the Credit Agreement and shall be construed, administered and applied in accordance with all of the terms and provisions of the Credit Agreement, including, without limitation, the provisions relating to forum selection, consent to jurisdiction and
waiver of jury trial included in Sections 9.09 and 9.10 of the Credit Agreement, which provisions are hereby acknowledged and confirmed by each of the parties hereto. 

SECTION 5.3    Fees and Expenses. The Borrower shall pay all reasonable out-of-pocket expenses incurred by the Administrative Agent in connection with the preparation, negotiation, execution and delivery of this Eighth Amendment, including the reasonable fees and disbursements of
Skadden, Arps, Slate, Meagher & Flom LLP, as counsel for the Administrative Agent. 

 SECTION 5.4    Headings. The various headings of this Eighth Amendment
are inserted for convenience only and shall not affect the meaning or interpretation of this Eighth Amendment or any provisions hereof. 

SECTION 5.5    Execution in Counterparts. This Eighth Amendment may be executed by the parties hereto in counterparts,
each of which shall be deemed to be an original and all of which shall constitute together but one and the same agreement. Delivery of an executed counterpart of a signature page of this Eighth Amendment by electronic transmission (including
portable document format (“.pdf”) or similar format) shall be effective as delivery of a manually executed counterpart of this Eighth Amendment. The words “execution,” “signed,” “signature,” and words
of like import in this Section 5.5 shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or
the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and
Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 
 SECTION
5.6    Cross-References. References in this Eighth Amendment to any Article or Section are, unless otherwise specified or otherwise required by the context, to such Article or Section of this Eighth Amendment. 

SECTION 5.7    Severability. Any provision of this Eighth Amendment which is prohibited or unenforceable in any
jurisdiction shall, as to such provision and such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions of this Eighth Amendment or affecting the validity or enforceability
of such provision in any other jurisdiction. 
 SECTION 5.8    Successors and Assigns. This Eighth Amendment shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 
 SECTION
5.9    GOVERNING LAW. THIS EIGHTH AMENDMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE UNDER OR RELATING TO THIS AGREEMENT, WHETHER BASED IN CONTRACT (AT LAW OR IN EQUITY), TORT OR ANY OTHER THEORY, SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the parties hereto have caused this Eighth Amendment to be executed by their respective
officers thereunto duly authorized as of the day and year first above written. 
  

			
	PALANTIR TECHNOLOGIES INC.,
	as the Borrower
		
	By:	 	 /s/ Alexander
Karp                                        

		 	Name: Alexander Karp
		 	Title:   Chief Executive Officer
	
	PALANTIR USG, INC.,
	as the Guarantor
		
	By:	 	 /s/ Akash Jain

		 	Name: Akash Jain
		 	Title:   President

 [Signature Page to Eighth Amendment] 

 
			
	MORGAN STANLEY SENIOR FUNDING, INC.,
	as Administrative Agent, Revolving Lender and Term Lender
		
	By	 	 /s/ Lisa
Hanson                                        
            

		 	Name: Lisa Hanson
		 	Title:   Vice President

 [Signature Page to Eighth Amendment] 

 
			
	ROYAL BANK OF CANADA,
	as Revolving Lender and Term Lender
		
	By	 	 /s/ Nicholas
Heslip                                        
        

		 	Name: Nicholas Heslip
		 	Title:   Authorized Signatory

 [Signature Page to Eighth Amendment] 

 Annex I 

  

 
 CREDIT AGREEMENT 

dated as of 
 October 7,
2014, 
 as amended by the First Amendment, dated as of June 1, 2015, the Second Amendment, dated as of August 5, 2016, the Third
Amendment, dated as of April 26, 2017, the Fourth Amendment, dated as of June 28, 2018, the Fifth Amendment, dated as of June 18, 2019, the Sixth Amendment dated as of December 20, 2019, the Seventh Amendment dated as of
December 31, 2019 and the Eighth Amendment dated as of June 4, 2020 
 among 

PALANTIR TECHNOLOGIES INC., 
 The
Lenders Party Hereto 
 and 

MORGAN STANLEY SENIOR FUNDING, INC., 

as Administrative Agent 
 MORGAN
STANLEY SENIOR FUNDING, INC., 
 as Lead Arranger and Bookrunner 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE 1 DEFINITIONS
	  	 	1	 
	 Section 1.01
	 	 Defined Terms
	  	 	1	 
	 Section 1.02
	 	 Classification of Loans and Borrowings
	  	 	33	 
	 Section 1.03
	 	 Terms Generally
	  	 	33	 
	 Section 1.04
	 	 Accounting Terms; GAAP
	  	 	34	 
	 Section 1.05
	 	 Interest Rates
	  	 	35	 
	 Section 1.06
	 	 Divisions
	  	 	35	 
		
	 ARTICLE 2 THE CREDITS
	  	 	35	 
	 Section 2.01
	 	 The Loans
	  	 	35	 
	 Section 2.02
	 	 Loans and Borrowings
	  	 	35	 
	 Section 2.03
	 	 Requests for Borrowings
	  	 	36	 
	 Section 2.04
	 	 Funding of Revolving Borrowings
	  	 	37	 
	 Section 2.05
	 	 Interest Elections
	  	 	37	 
	 Section 2.06
	 	 Termination and Reduction of Commitments
	  	 	39	 
	 Section 2.07
	 	 Repayment of Loans; Evidence of Debt
	  	 	39	 
	 Section 2.08
	 	 Prepayment of Loans
	  	 	40	 
	 Section 2.09
	 	 Fees
	  	 	42	 
	 Section 2.10
	 	 Interest
	  	 	42	 
	 Section 2.11
	 	 Alternate Rate of Interest
	  	 	43	 
	 Section 2.12
	 	 Increased Costs
	  	 	45	 
	 Section 2.13
	 	 Break Funding Payments
	  	 	46	 
	 Section 2.14
	 	 Taxes
	  	 	47	 
	 Section 2.15
	 	 Payments Generally; Pro Rata Treatment; Sharing of Set
	  	 	50	 
	 Section 2.16
	 	 Mitigation Obligations; Replacement of Lenders
	  	 	51	 
	 Section 2.17
	 	 Defaulting Lenders
	  	 	52	 
	 Section 2.18
	 	 Incremental Facilities
	  	 	55	 
	 Section 2.19
	 	 [Reserved]
	  	 	57	 
	 Section 2.20
	 	 Letters of Credit
	  	 	57	 
		
	 ARTICLE 3 REPRESENTATIONS AND WARRANTIES
	  	 	62	 
	 Section 3.01
	 	 Organization; Powers
	  	 	62	 
	 Section 3.02
	 	 Authorization; Enforceability
	  	 	63	 
	 Section 3.03
	 	 Governmental Approvals; No Conflicts
	  	 	63	 
	 Section 3.04
	 	 Financial Condition; No Material Adverse Change
	  	 	63	 
	 Section 3.05
	 	 Properties
	  	 	63	 
	 Section 3.06
	 	 Litigation and Environmental Matters
	  	 	64	 
	 Section 3.07
	 	 Compliance with Laws and Agreements; No Default
	  	 	64	 
	 Section 3.08
	 	 Investment Company Status
	  	 	64	 
	 Section 3.09
	 	 Margin Stock
	  	 	64	 
	 Section 3.10
	 	 Taxes
	  	 	64	 
	 Section 3.11
	 	 ERISA
	  	 	65	 
	 Section 3.12
	 	 Disclosure
	  	 	66	 

  
 i 

							
	 Section 3.13
	 	 Subsidiaries
	  	 	67	 
	 Section 3.14
	 	 Solvency
	  	 	67	 
	 Section 3.15
	 	 Anti-Terrorism Law
	  	 	67	 
	 Section 3.16
	 	 FCPA
	  	 	68	 
	 Section 3.17
	 	 Collateral
	  	 	68	 
		
	 ARTICLE 4 CONDITIONS
	  	 	69	 
	 Section 4.01
	 	 Effective Date
	  	 	69	 
	 Section 4.02
	 	 Each Credit Event
	  	 	70	 
		
	 ARTICLE 5 AFFIRMATIVE COVENANTS
	  	 	71	 
	 Section 5.01
	 	 Financial Statements; Ratings Change and Other Information
	  	 	71	 
	 Section 5.02
	 	 Notices of Material Events
	  	 	73	 
	 Section 5.03
	 	 Existence; Conduct of Business
	  	 	74	 
	 Section 5.04
	 	 Payment of Taxes
	  	 	74	 
	 Section 5.05
	 	 Maintenance of Properties; Insurance
	  	 	74	 
	 Section 5.06
	 	 Books and Records; Inspection Rights
	  	 	75	 
	 Section 5.07
	 	 ERISA-Related Information
	  	 	75	 
	 Section 5.08
	 	 Compliance with Laws and Agreements
	  	 	76	 
	 Section 5.09
	 	 Use of Proceeds
	  	 	76	 
	 Section 5.10
	 	 Guarantors
	  	 	76	 
	 Section 5.11
	 	 Additional Material Real Estate Assets
	  	 	77	 
	 Section 5.12
	 	 Further Assurances
	  	 	77	 
		
	 ARTICLE 6 NEGATIVE COVENANTS
	  	 	77	 
	 Section 6.01
	 	 Indebtedness
	  	 	77	 
	 Section 6.02
	 	 Liens
	  	 	78	 
	 Section 6.03
	 	 Fundamental Changes
	  	 	80	 
	 Section 6.04
	 	 Restricted Payments
	  	 	82	 
	 Section 6.05
	 	 Restrictive Agreements
	  	 	83	 
	 Section 6.06
	 	 Transactions with Affiliates
	  	 	84	 
	 Section 6.07
	 	 Use of Proceeds
	  	 	84	 
	 Section 6.08
	 	 Minimum Liquidity
	  	 	84	 
		
	 ARTICLE 7 EVENTS OF DEFAULT
	  	 	84	 
	 Section 7.01
	 	 Events of Default
	  	 	84	 
	 Section 7.02
	 	 Application of Funds
	  	 	87	 
		
	 ARTICLE 8 THE AGENTS
	  	 	88	 
	 Section 8.01
	 	 Appointment of Administrative Agent
	  	 	88	 
	 Section 8.02
	 	 Powers and Duties
	  	 	88	 
	 Section 8.03
	 	 General Immunity
	  	 	88	 
	 Section 8.04
	 	 Administrative Agent Entitled to Act as Lender
	  	 	90	 
	 Section 8.05
	 	 Lenders’ Representations, Warranties and Acknowledgment
	  	 	90	 
	 Section 8.06
	 	 Right to Indemnity
	  	 	91	 
	 Section 8.07
	 	 Successor Administrative Agent
	  	 	91	 
	 Section 8.08
	 	 Guaranty
	  	 	92	 
	 Section 8.09
	 	 Withholding Taxes
	  	 	92	 

  
 ii 

							
	 Section 8.10
	 	
Administrative Agent May File Bankruptcy Disclosure and Proofs of
Claim
	  	 	93	 
	 Section 8.11
	 	 Certain ERISA Matters
	  	 	94	 
		
	 ARTICLE 9 MISCELLANEOUS
	  	 	95	 
	 Section 9.01
	 	 Notices
	  	 	95	 
	 Section 9.02
	 	 Waivers; Amendments
	  	 	97	 
	 Section 9.03
	 	 Expenses; Indemnity; Damage Waiver
	  	 	98	 
	 Section 9.04
	 	 Successors and Assigns
	  	 	100	 
	 Section 9.05
	 	 Survival
	  	 	104	 
	 Section 9.06
	 	 Counterparts; Integration; Effectiveness
	  	 	105	 
	 Section 9.07
	 	 Severability
	  	 	105	 
	 Section 9.08
	 	 Right of Setoff
	  	 	105	 
	 Section 9.09
	 	 Governing Law; Jurisdiction; Consent to Service of Process
	  	 	106	 
	 Section 9.10
	 	 Waiver Of Jury Trial
	  	 	106	 
	 Section 9.11
	 	 Headings
	  	 	107	 
	 Section 9.12
	 	 Confidentiality
	  	 	107	 
	 Section 9.13
	 	 Interest Rate Limitation
	  	 	108	 
	 Section 9.14
	 	 No Advisory or Fiduciary Responsibility
	  	 	108	 
	 Section 9.15
	 	 Electronic Execution of Assignments and Certain Other Documents
	  	 	109	 
	 Section 9.16
	 	 USA PATRIOT Act
	  	 	109	 
	 Section 9.17
	 	 Release of Guarantors
	  	 	110	 
	 Section 9.18
	 	 Acknowledgement Regarding Any Supported QFCs
	  	 	110	 
	 Section 9.19
	 	 Acknowledgement and Consent to Bail-In of Affected
Financial Institutions
	  	 	111	 

 Exhibits 
  

			
	Exhibit A	  	Form of Assignment and Assumption
	Exhibit B	  	Form of Borrowing Request
	Exhibit C	  	Form of Interest Election Request
	Exhibit D-1	  	Form of Revolving Note
	Exhibit D-2	  	Form of Term Note
	Exhibit E	  	Form of Guaranty
	Exhibit F	  	Form of Compliance Certificate
	Exhibit G	  	Form of Application
	Exhibit H	  	Form of Security Agreement

  
 iii 

 CREDIT AGREEMENT dated as of October 7, 2014 among PALANTIR TECHNOLOGIES INC., as
Borrower, the LENDERS party hereto and MORGAN STANLEY SENIOR FUNDING, INC., as Administrative Agent. 
 The Borrower (such term and each
other capitalized term used and not otherwise defined herein having the meaning assigned to it in Article 1), has requested (x) the Revolving Lenders to make Revolving Loans to the Borrower on a revolving credit basis on and after the
date hereof and at any time and from time to time prior to the Revolving Maturity Date and (y) the Term Lenders to make the Term Loan to the Borrower on the Eighth Amendment Effective Date. 

The proceeds of Borrowings hereunder, together with the issuance of any letter of credit, are to be used for the purposes described in
Section 5.09. The Lenders are willing to establish the credit facilities referred to in the preceding paragraph upon the terms and subject to the conditions set forth herein. Accordingly, for valuable consideration of the
mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows: 
 ARTICLE 1 

DEFINITIONS 

Section 1.01    Defined Terms. As used in this Agreement, the following terms have the meanings specified
below: 
 “ABR”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are bearing interest at a rate determined by reference to the Alternate Base Rate. 
 “Adjusted LIBO Rate”
means, for any Interest Rate Determination Date with respect to an Interest Period for a Eurodollar Borrowing, the rate per annum obtained by dividing (i) (a) the rate per annum equal to the rate determined by Administrative Agent
to be the offered rate which appears on the page of the Reuters Screen which displays an average ICE Benchmark Administration interest settlement rate (such page currently being LIBOR01 page) for deposits (for delivery on the first day of such
period) with a term equivalent to such period in dollars, determined as of approximately 11:00 a.m., London, England time, on such Interest Rate Determination Date, (b) in the event the rate referenced in the preceding clause (a) does not
appear on such page or service or if such page or service shall cease to be available, the rate per annum equal to the rate determined by Administrative Agent to be the offered rate on such other page or other service which displays an
average ICE Benchmark Administration interest settlement rate for deposits (for delivery on the first day of such period) with a term equivalent to such period in dollars, determined as of approximately 11:00 a.m., London, England time, on such
Interest Rate Determination Date, or (c) in the event the rates referenced in the preceding clauses (a) and (b) are not available, the rate per annum equal to the offered quotation rate to first class banks in the London interbank
market by the reference banks appointed by the Administrative Agent in consultation with the Borrower for deposits (for delivery on the first day of the relevant period) in dollars of amounts in same day funds comparable to the principal
amount of the applicable Loan of Administrative Agent, in its capacity as a Lender, for which the Adjusted LIBO Rate is then being determined with maturities comparable to such period as of approximately 11:00 a.m., London, England time, on such
Interest Rate Determination Date, by 

  
 1 

 
(ii) an amount equal to (a) one minus (b) the Applicable Reserve Requirement; provided that, the Adjusted LIBO Rate shall not be less than 0.00% per annum. 

“Administrative Agent” means Morgan Stanley Senior Funding, Inc., in its capacity as administrative agent for the Lenders
hereunder, or any successor administrative agent. 
 “Administrative Questionnaire” means an Administrative Questionnaire
in a form supplied by the Administrative Agent from time to time. 
 “Affected Financial Institution” means (a) any
EEA Financial Institution or (b) any UK Financial Institution.
 “Affiliate” means, with respect to a
specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 

“Agent Fee Letter” means that certain Agent Fee Letter, dated as of September 22, 2014, by and among the Borrower and
the Administrative Agent. 
 “Agent Parties” has the meaning set forth in Section 9.01(d). 

“Agents” means the Administrative Agent and the Arranger. 

“Aggregate Total Exposure” means, as at any date of determination, the sum of (i) the aggregate principal amount of all
outstanding Revolving Loans (other than Revolving Loans made for the purpose of reimbursing the Issuing Bank for any amount drawn under any Letter of Credit, but not yet so applied) and (ii) the Letter of Credit Usage. 

“Agreed L/C Cash Collateral Amount” means 103% of the total outstanding Letter of Credit Usage. 

“Agreement” means this Credit Agreement, as the same may hereafter be modified, supplemented, extended, amended, restated or
amended and restated from time to time. 
 “Alternate Base Rate” means, for any day, a rate per annum equal to the
greatest of (i) the Prime Rate in effect on such day, (ii) the Federal Funds Effective Rate in effect on such day plus 1⁄2 of 1% and (iii) the
sum of (a) the Adjusted LIBO Rate that would be payable on such day for a Eurodollar Borrowing with a one-month interest period plus (b) the difference between the Applicable Rate for
Eurodollar Borrowings and the Applicable Rate for ABR Borrowings. Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective on the effective day of such change in the Prime Rate or
the Federal Funds Effective Rate, respectively. 
 “Anti-Corruption Laws” means all laws, rules, and regulations of any
jurisdiction applicable to the Borrower or its Subsidiaries from time to time concerning or relating to bribery or corruption, including, without limitation the FCPA, the U.K. Bribery Act 2010, the Bank Secrecy Act, the USA Patriot Act, and the
applicable anti-money laundering statutes of 

  
 2 

 
jurisdictions where any obligor and any of its Subsidiaries conduct business, and the rules and regulations (if any) thereunder enforced by any governmental agency. 

“Anti-Terrorism Laws” has the meaning set forth in Section 3.15(a). 

“Applicable Percentage” means, with respect to any Revolving Lender, the percentage of the total Revolving Commitments
represented by such Lender’s Revolving Commitment. If the Revolving Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Revolving Commitments most recently in effect, giving effect to any
assignments. 
 “Applicable Rate” means, for any day, (x) with respect to Revolving Loans, (i) 2.75% per annum
with respect to any Eurodollar Loan, (ii) 1.75% per annum with respect to any ABR Loan and (iii) 0.375% per annum with respect to the Commitment Fee, (y) with respect to Term Loans made on or prior to the Eighth Amendment Effective
Date, (i) 2.75% per annum with respect to any Eurodollar Loan, and (ii) 1.75% per annum with respect to any ABR Loan and (z) with respect to any New Term Loans, the rate set forth in the applicable Incremental Amendment. 

“Applicable Reserve Requirement” means, at any time, for any Eurodollar Borrowing, the maximum rate, expressed as a decimal,
at which reserves (including any basic marginal, special, supplemental, emergency or other reserves) are required to be maintained with respect thereto against “Eurocurrency liabilities” (as such term is defined in Regulation D) under
regulations issued from time to time by the Board or other applicable banking regulator. Without limiting the effect of the foregoing, the Applicable Reserve Requirement shall reflect any other reserves required to be maintained by such member banks
with respect to (i) any category of liabilities which includes deposits by reference to which the applicable Adjusted LIBO Rate or any other interest rate of a Loan is to be determined, or (ii) any category of extensions of credit or other
assets which include Eurodollar Borrowings. A Eurodollar Borrowing shall be deemed to constitute Eurocurrency liabilities and as such shall be deemed subject to reserve requirements without benefits of credit for proration, exceptions or offsets
that may be available from time to time to the applicable Lender. The rate of interest on Eurodollar Borrowings shall be adjusted automatically on and as of the effective date of any change in the Applicable Reserve Requirement. 

“Application” means a Letter of Credit application in the form of Exhibit G or any other form approved by the
Administrative Agent. 
 “Approved Fund” means any Person (other than a natural person) that is engaged in making,
purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course of its activities and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an
Affiliate of an entity that administers or manages a Lender. 
 “Arranger” means Morgan Stanley Senior Funding, Inc., in
its capacity as lead arranger and bookrunner, and any successor thereto. 

  
 3 

 “Asset Sale” means a sale, lease (as lessor or sublessor), sale and
leaseback, license (as licensor or sublicensor), exchange, transfer or other disposition to, any Person, in one transaction or a series of transactions, of all or any part of the Borrower’s or any of its Subsidiaries’ businesses, assets or
properties of any kind, whether real, personal, or mixed and whether tangible or intangible, whether now owned or hereafter acquired, including the Equity Interests of any of the Borrower’s Subsidiaries, other than (a) inventory (or other
assets, including intangible assets) sold, leased or licensed out in the ordinary course of business, (b) obsolete, surplus or worn-out property, (c) sales of Cash Equivalents for the fair market
value thereof, (d) dispositions of property (including the sale of any Equity Interest owned by such Person) from (i) any Subsidiary that is not a Guarantor to any other Subsidiary that is not a Guarantor or to any Loan Party or
(ii) any Loan Party to any other Loan Party, (e) dispositions of property resulting from casualty or condemnation events, (f) dispositions of past due accounts receivable in connection with the collection, write down or compromise
thereof in the ordinary course of business, (g) dispositions of property to the extent that (x) such property is exchanged for credit against the purchase price of similar replacement property or (y) the proceeds of such disposition
are promptly applied to the purchase price of such replacement property, (h) any abandonment, failure to maintain or non-renewal of any intellectual property (or rights relating thereto) that the Borrower
or any of its Subsidiaries determines in good faith is desirable in the conduct of its business and which does not, individually or in the aggregate, interfere in any material respect, with the ordinary conduct of the business of the Borrower and
its Subsidiaries, taken as a whole, (i) real property leases in the ordinary course of business, (j) expirations of contracts in accordance with their terms, (k) terminations of leases in the ordinary course of business, (l) the
disposition of Securitization Assets in connection with a Qualified Receivables Financing Transaction permitted under Section 6.01(e); and (m) any sale, lease, sale and leaseback, license, exchange, transfer or other
disposition of assets with an aggregate fair market value less than or equal to $25,000,000. 
 “Assignment and Assumption”
means an assignment and assumption entered into by a Lender and an assignee (with the consent of any party whose consent is required by Section 9.04), and accepted by the Administrative Agent, in the form of Exhibit
A or any other form approved by the Administrative Agent. 
 “Availability Period” means the period from and including
the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments. 

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the
applicable Resolution Authority in respect of any liability of an Affected Financial Institution. 

“Bail-In Legislation” means (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law,
regulation rule or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United
Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other

  
 4 

 
financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings).

“Bankruptcy Code” means Title 11 of the United States Code, as amended from time to time and any successor statute and all
rules and regulations promulgated thereunder. 
 “Benchmark Replacement” means the sum of: (a) the alternate benchmark
rate (which may be a SOFR-Based Rate) that has been selected by the Administrative Agent and the Borrower giving due consideration to (i) any selection or recommendation of a replacement rate or the mechanism for determining such a rate by the
Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a rate of interest as a replacement to LIBOR for U.S. dollar-denominated syndicated credit facilities and (b) the Benchmark Replacement
Adjustment; provided that, if the Benchmark Replacement as so determined would be less than zero, the Benchmark Replacement will be deemed to be zero for the purposes of this Agreement. 

“Benchmark Replacement Adjustment” means, with respect to any replacement of LIBOR with an Unadjusted Benchmark Replacement
for each applicable Interest Period, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower
giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of LIBOR with the applicable Unadjusted Benchmark Replacement by the
Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of LIBOR with the applicable
Unadjusted Benchmark Replacement for U.S. dollar-denominated syndicated credit facilities at such time. 
 “Benchmark Replacement
Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “ABR,” the definition of “Interest Period,” timing and
frequency of determining rates and making payments of interest and other administrative matters) that the Administrative Agent decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the
administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the
Administrative Agent determines that no market practice for the administration of the Benchmark Replacement exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the
administration of this Agreement). 
 “Benchmark Replacement Date” means the earlier to occur of the following events with
respect to LIBOR: 
 (a)    in the case of clause (1) or (2) of the definition of “Benchmark Transition
Event,” the later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of LIBOR permanently or indefinitely ceases to provide LIBOR; or 

  
 5 

 (b)    in the case of clause (3) of the definition of
“Benchmark Transition Event,” the date of the public statement or publication of information referenced therein. 

“Benchmark Transition Event” means the occurrence of one or more of the following events with respect to LIBOR: 

(a)    a public statement or publication of information by or on behalf of the administrator of LIBOR announcing that such
administrator has ceased or will cease to provide LIBOR, permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide LIBOR; 

(b)    a public statement or publication of information by the regulatory supervisor for the administrator of LIBOR, the
U.S. Federal Reserve System, an insolvency official with jurisdiction over the administrator for LIBOR, a resolution authority with jurisdiction over the administrator for LIBOR or a court or an entity with similar insolvency or resolution authority
over the administrator for LIBOR, which states that the administrator of LIBOR has ceased or will cease to provide LIBOR permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator
that will continue to provide LIBOR; or 
 (c)    a public statement or publication of information by the regulatory
supervisor for the administrator of LIBOR announcing that LIBOR is no longer representative. 
 “Benchmark Transition Start
Date” means (a) in the case of a Benchmark Transition Event, the earlier of (i) the applicable Benchmark Replacement Date and (ii) if such Benchmark Transition Event is a public statement or publication of information of a
prospective event, the 90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date
of such statement or publication) and (b) in the case of an Early Opt-in Election, the date specified by the Administrative Agent or the Required Lenders, as applicable, in each case with the consent of
the Borrower (not to be unreasonably delayed, withheld or conditioned), by notice to the Borrower, the Administrative Agent (in the case of such notice by the Required Lenders) and the Lenders. 

“Benchmark Unavailability Period” means, if a Benchmark Transition Event and its related Benchmark Replacement Date have
occurred with respect to LIBOR and solely to the extent that LIBOR has not been replaced with a Benchmark Replacement, the period (x) beginning at the time that such Benchmark Replacement Date has occurred if, at such time, no Benchmark
Replacement has replaced LIBOR for all purposes hereunder in accordance with Section 2.11(b) and (y) ending at the time that a Benchmark Replacement has replaced LIBOR for all purposes hereunder pursuant to
Section 2.11(b). 
 “Beneficial Ownership Certification” means a certification regarding
beneficial ownership as required by the Beneficial Ownership Regulation. 
 “Beneficial Ownership Regulation” means 31
C.F.R. § 1010.230. 

  
 6 

 “Benefit Plan” means any of (a) an “employee benefit plan”
(as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for
purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 

“Board” means the Board of Governors of the Federal Reserve System of the United States of America. 

“Borrower” means Palantir Technologies Inc., a Delaware corporation. 

“Borrowing” means a Revolving Borrowing or a Term Borrowing, as the case may be. 

“Borrowing Request” means a request by the Borrower for a Borrowing in accordance with
Section 2.03. 
 “Business Day” means any day that is not a Saturday, Sunday or other day on
which commercial banks in New York City and San Francisco, California are authorized or required by law to remain closed; provided that, when used in connection with a Eurodollar Loan, the term “Business Day” shall also
exclude any day on which banks are not open for dealings in dollar deposits in the London interbank market. 
 “Capital Lease
Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are
required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP; provided that, for the
avoidance of doubt, any obligations relating to a lease that was accounted for by such Person as an operating lease as of the Effective Date and any similar lease entered into after the Effective Date by such Person shall be accounted for as
obligations relating to an operating lease and not as Capital Lease Obligations. 
 “Cash Collateralize” means, in respect
of an Obligation, to provide and pledge (as a first priority perfected security interest) cash collateral in dollars, at a location and pursuant to documentation in form and substance satisfactory to Administrative Agent and the Issuing Bank (and
“Cash Collateralization” has a corresponding meaning). “Cash Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 

“Cash Equivalents” means: 

(a)    direct obligations of, or obligations the principal of and interest on which are unconditionally
guaranteed by, the United States of America (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States of America), in each case maturing within one year from the date of issuance thereof;

  
 7 

 (b)    investments in commercial paper maturing within
270 days from the date of issuance thereof and having, at such date of acquisition, a rating of at least “Prime 1” (or the then equivalent grade) by Moody’s or “A-1” (or the then
equivalent grade) by S&P; 
 (c)    investments in certificates of deposit, banker’s acceptances
and time deposits maturing within one year from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, the Administrative Agent or any domestic office of any commercial bank
organized under the laws of the United States of America or any State thereof that has a combined capital and surplus and undivided profits of not less than $500,000,000 and that issues (or the parent of which issues) commercial paper rated at least
“Prime 1” (or the then equivalent grade) by Moody’s or “A-1” (or the then equivalent grade) by S&P; 

(d)    fully collateralized repurchase agreements with a term of not more than 30 days for securities
described in clause (a) above and entered into with a financial institution satisfying the criteria of clause (c) above; and 

(e)    investments in “money market funds” within the meaning of Rule 2a-7 of the Investment Company Act of 1940, as amended, substantially all of whose assets are invested in investments of the type described in clauses (a) through (d) above. 

“CFC” means a Foreign Subsidiary that is a “controlled foreign corporation” within the meaning of Section 957
of the Code. 
 “Change in Control” means (a) prior to an IPO, the failure by the holders of Borrower’s Equity
Interests as of the Effective Date to continue to own, beneficially and of record, Equity Interests in the Borrower representing at least 50.1% of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests in the
Borrower; (b) after an IPO, the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or group (within the meaning of the Securities Exchange Act and the rules of the Securities and Exchange Commission
thereunder), other than Permitted Holders, of Equity Interests in the Borrower representing more than 35% of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests in the Borrower; or (c) persons who were
(i) directors of the Borrower on the date hereof, (ii) nominated by the board of directors of the Borrower or whose nomination for election by the stockholders of Borrower was approved by the board of directors of the Borrower or
(iii) appointed by directors that were directors of the Borrower or directors nominated as provided in the preceding clause (ii), ceasing to occupy a majority of the seats (excluding vacant seats) on the board of directors of the Borrower.
Without limitation of the foregoing clauses (b) and (c), the consummation of an IPO shall not be deemed a Change in Control. 

“Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or
taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or
issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that, notwithstanding anything herein to the contrary, (x) the Dodd-Frank

  
 8 

 
Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or
directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in
each case be deemed to be a “Change in Law,” regardless of the date enacted, adopted or implemented. 
 “Charges”
has the meaning set forth in Section 9.13. 
 “Code” means the U.S. Internal Revenue Code of
1986, as amended from time to time. 
 “Collateral” means, collectively, all of the real, personal and mixed property
(including Equity Interests) in which Liens are purported to be granted pursuant to the Collateral Documents as security for the Obligations. 

“Collateral Documents” means the Perfection Certificate, the Security Agreement, the Intellectual Property Security
Agreements, the Mortgages (if any) and all other instruments, documents and agreements delivered by or on behalf of any Loan Party pursuant to this Agreement or any of the other Loan Documents in order to grant to, or perfect in favor of, the
Administrative Agent, for the benefit of the Secured Parties, a first priority (except as otherwise permitted by Section 6.02 from time to time) security interest and Lien on any asset of the Borrower and/or its
Subsidiaries. 
 “Commitment” means any Revolving Commitment or Term Commitment. 

“Commitment Fee” has the meaning set forth in Section 2.09(a). 

“Communications” has the meaning set forth in Section 9.01(d). 

“Compounded SOFR” means the compounded average of SOFRs for the applicable Corresponding Tenor, with the rate,
or methodology for this rate, and conventions for this rate (which may include compounding in arrears with a lookback and/or suspension period as a mechanism to determine the interest amount payable prior to the end of each Interest Period) being
established by the Administrative Agent in accordance with (i) the rate, or methodology for this rate, and conventions for this rate selected or recommended by the Relevant Governmental Body for determining compounded SOFR; provided that
if, and to the extent that, the Administrative Agent determines that Compounded SOFR cannot be determined in accordance with the foregoing, then the rate, or methodology for this rate, and conventions for this rate that the Administrative Agent
determines are substantially consistent with any evolving or then-prevailing market convention for determining compounded SOFR for dollar-denominated syndicated credit facilities at such time; provided, further, that if the
Administrative Agent decides that any such rate, methodology or convention determined in accordance with the foregoing is not administratively feasible for the Administrative Agent, then Compounded SOFR will be deemed unable to be determined for
purposes of the definition of “Benchmark Replacement.” 

  
 9 

 “Connection Income Taxes” means Other Connection Taxes that are imposed on
or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 
 “Consolidated Adjusted
EBITDA” means, for any period, Consolidated Net Income for such period plus, without duplication and to the extent reflected as a charge in the statement of such Consolidated Net Income for such period, the sum of (a) income tax
expense, (b) interest expense, amortization or write-off of debt discount and debt issuance costs and commissions, discounts and other fees and charges associated with Indebtedness (including the Loans),
(c) depreciation and amortization expense, (d) amortization of intangibles (including, but not limited to, goodwill), (e) any extraordinary charges or losses determined in accordance with GAAP,
(f) non-cash stock option and other equity-based compensation expenses and payroll tax expense related to stock option and other equity-based compensation expenses, (g) any other non-cash charges, non-cash expenses or non-cash losses of the Borrower or any Subsidiaries for such period (excluding any such charge,
expense or loss incurred in the ordinary course of business that constitutes an accrual of, or a reserve for, cash charges for any future period), including, for the avoidance of doubt, non-cash foreign
currency translation losses (including non-cash losses related to currency remeasurement of Indebtedness); provided, however that cash payments made in such period or in any future period in
respect of such non-cash charges, expenses or losses (excluding any such charge, expense or loss incurred in the ordinary course of business that constitutes an accrual of, or a reserve for, cash charges for
any future period) shall be subtracted from Consolidated Net Income in calculating Consolidated Adjusted EBITDA in the period when such payments are made, (h) transition, integration and similar fees, charges and expenses related to
acquisitions or dispositions, (i) restructuring charges, and (j) charges related to settlements of legal claims (provided that the amount that may be added back pursuant to clauses (h), (i) and (j) may not in the aggregate for
any four fiscal quarter period exceed the greater of (x) $5,000,000 and (y) 15% of Consolidated Adjusted EBITDA for such period (determined without giving effect to any such adjustment pursuant to such clause (h), (i) and (j))) and minus, to
the extent included in the statement of such Consolidated Net Income for such period, the sum of (a) interest income, (b) any extraordinary income or gains determined in accordance with GAAP, and (c) any other non-cash income (excluding any items that represent the reversal of any accrual of, or cash reserve for, anticipated cash charges in any prior period that are described in the parenthetical to clause
(g) above), including for the avoidance of doubt non-cash foreign currency translation gains (including non-cash gains related to currency remeasurement of
Indebtedness), all as determined on a consolidated basis. 
 “Consolidated Net Income” means, for any period, the net
income or loss of the Borrower and its consolidated Subsidiaries for such period, determined on a consolidated basis in conformity with GAAP; provided that there shall be excluded (a) the income of any Person that is not a consolidated
Subsidiary except to the extent of the amount of cash dividends or similar cash distributions actually paid by such Person to the Borrower or, subject to clauses (b) and (c) below, any consolidated Subsidiary during such period, (b) the
income of, and any amounts referred to in clause (a) above paid to, any consolidated Subsidiary of the Borrower to the extent that, on the date of determination, the declaration or payment of cash dividends or similar cash distributions by such
Subsidiary is not permitted without any prior approval of any Governmental Authority that has not been obtained or is not permitted by the operation of the terms of the organizational documents of such Subsidiary, any agreement or other instrument

  
 10 

 
binding upon such Subsidiary or any law applicable to such Subsidiary, unless such restrictions with respect to the payment of cash dividends and other similar cash distributions have been
legally and effectively waived, and (c) the income or loss of, and any amounts referred to in clause (a) above paid to, any consolidated Subsidiary that is not wholly owned by the Borrower to the extent such income or loss or such amounts
are attributable to the noncontrolling interest in such consolidated Subsidiary. In addition, there shall not be included in the determination of Consolidated Net Income any recapitalization or purchase accounting effects including, but not limited
to, adjustments to inventory, property and equipment, software and other intangible assets and deferred revenue in component amounts required or permitted by GAAP and related authoritative pronouncements, as a result of any consummated acquisition,
or the amortization or write-off of any amounts thereof (including any write-off of in process research and development). 

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or
policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

“Corresponding Tenor” with respect to a Benchmark Replacement means a tenor (including overnight) having
approximately the same length (disregarding Business Day adjustment) as the applicable tenor for the applicable Interest Period with respect to the applicable Adjusted LIBO Rate. 

“Debtor Relief Laws” means the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for the
benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect. 

“Default” means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both
would, unless cured or waived, become an Event of Default. 
 “Defaulting Lender” means, subject to
Section 2.17(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder, unless such Lender notifies the
Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s good faith determination that one or more conditions precedent to such funding (each of which conditions precedent, together with any applicable
default, shall be specifically identified in such writing) has not been satisfied, (ii) fund any portion of its participation in any Letter of Credit or (iii) pay to the Administrative Agent, the Issuing Bank or any other Lender any other
amount required to be paid by it hereunder within two Business Days of the date when due, (b) has notified the Borrower or the Administrative Agent in writing that it does not intend to comply with its funding obligations hereunder, or has made
a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s good faith determination that a condition
precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after written request by
the Administrative Agent or the Borrower, to confirm in 

  
 11 

 
writing to the Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender
pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Borrower), (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor
Relief Law, or (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the
Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity or (e) has become the subject of a Bail-In Action; provided that a Lender shall
not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or
provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow
or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under clauses (a) through (e) above shall be conclusive and binding absent manifest error, and
such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.17(b)) upon delivery of written notice of such determination to the Borrower and each Lender. 

“Disclosure Letter” means the disclosure letter, dated as of the Eighth Amendment Effective Date, as amended, restated,
amended or restated, or supplemented from time to time by Borrower with the written consent of the Administrative Agent (or as supplemented by the Borrower pursuant to the terms of this Agreement), delivered by Borrower to Administrative Agent for
the benefit of the Lenders. 
 “dollars” or “$” refers to lawful money of the United States of America.

 “Domestic Subsidiary” means any Subsidiary that is organized under the laws of any political subdivision of the United
States, excluding (x) any such Subsidiary substantially all of the assets of which consist of Equity Interests in one or more Subsidiaries that are CFCs and (y) any such Subsidiary that is owned (directly or indirectly) by a Subsidiary
that is a CFC. 
 “Early Opt-in Election” means the occurrence of: 

(a)    a determination by the Administrative Agent or (ii) a notification by the Required Lenders to the
Administrative Agent (with a copy to the Borrower) that the Required Lenders have determined that U.S. dollar-denominated syndicated credit facilities being executed at such time, or that include language similar to that contained in
Section 2.11(b) are being executed or amended, as applicable, to incorporate or adopt a new benchmark interest rate to replace LIBOR, and 

(b)    (i) the election by the Administrative Agent or (ii) the election by the Required Lenders to declare that an
Early Opt-in Election has occurred and the provision, as applicable, by the Administrative Agent of written notice of such election to the Borrower and the Lenders or by the Required Lenders of written notice
of such election to the Administrative Agent; 

  
 12 

 and in the case of clause (b), with the consent of the Borrower (not to be unreasonably withheld, delayed or
conditioned) with such determination or election. 
 “Earn-Out” means any bona fide
contingent obligation to make “earn-out” payments to one or more prior owners of any Person, business or division, the capital stock of which, or all or substantially all of the assets of which, have
been acquired by the Borrower or any of its Subsidiaries, which “earn-out” payment obligation is contingent upon, or varies in amount based upon, the performance of the Person or of the assets so
acquired, as such performance is measured by one or more financial, business or other performance criteria. 
 “EEA Financial
Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which
is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition
and is subject to consolidated supervision with its parent. 
 “EEA Member Country” means any of the member states of the
European Union, Iceland, Liechtenstein, and Norway. 
 “EEA Resolution Authority” means any public administrative authority
or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Date” means the date on which the conditions specified in Section 4.01 are satisfied (or
waived in accordance with Section 9.02). 
 “Eighth Amendment Effective Date” means June 4,
2020. 
 “Engagement Letter” means that certain Engagement Letter, dated as of September 22, 2014, by and among the
Borrower and the Administrative Agent. 
 “Environmental Laws” means all laws, rules, regulations, codes, ordinances,
orders, decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered into by any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources, the generation, use,
handling, transportation, storage, treatment, disposal, management, release or threatened release of any Hazardous Material or to health and safety matters. 

“Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of
investigation, reclamation or remediation, fines, penalties or indemnities), of the Borrower or any Subsidiary directly or indirectly resulting from or based upon (a) any Environmental Law, including compliance or noncompliance therewith,
(b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the presence, release or threatened release of any Hazardous Materials into the
environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

  
 13 

 “Equity Interests” means shares of capital stock, partnership interests,
membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any such equity
interest; provided that Equity Interests shall not include any debt securities that are convertible into or exchangeable for any combination of Equity Interests and/or cash. 

“ERISA” means the U.S. Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations
promulgated and rulings issued thereunder. 
 “ERISA Affiliate” means any person that for purposes of Title I or Title IV
of ERISA or Section 412 of the Code would be deemed at any relevant time to be a single employer or otherwise aggregated with the Borrower or a Subsidiary under Section 414(b), (c), (m) or (o) of the Code or Section 4001 of
ERISA. 
 “ERISA Event” means any one or more of the following: (a) any reportable event, as defined in
Section 4043 of ERISA, with respect to a Plan, as to which the PBGC has not waived under subsection .22, .23, .25, .26, .27, .28, .29, .30, .31, .32, .34 or .35 of PBGC Regulation Section 4043 the requirement of Section 4043(a) of
ERISA that it be notified of such event; (b) the termination of any Plan under Section 4041(c) of ERISA; (c) the institution of proceedings by the PBGC under Section 4042 of ERISA for the termination of, or the appointment of a
trustee to administer, any Plan; (d) the failure to make a required contribution to any Plan that would result in the imposition of a lien or other encumbrance or the provision of security under Section 430 of the Code or Section 303
or 4068 of ERISA, or the arising of such a lien or encumbrance; (e) the failure to satisfy the minimum funding standard under Section 412 of the Code or Section 302 of ERISA, whether or not waived; or a determination that any Plan is,
or is expected to be, considered an at-risk plan within the meaning of Section 430 of the Code or Section 303 of ERISA; (f) engaging in a non-exempt
prohibited transaction within the meaning of Section 4975 of the Code or Section 406 of ERISA with respect to a Plan; (g) the complete or partial withdrawal of any Borrower, Subsidiary or any ERISA Affiliate from a Multiemployer Plan
which results in the imposition of Withdrawal Liability or the reorganization or insolvency under Title IV of ERISA of any Multiemployer Plan or (h) a determination that any Multiemployer Plan is in endangered or critical status under
Section 432 of the Code or Section 305 of ERISA. 
 “EU Bail-In Legislation
Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time. 

“Eurodollar”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are bearing interest at a rate determined by reference to the Adjusted LIBO Rate. 
 “Event of Default” has the
meaning set forth in Article 7. 
 “Excluded Taxes” means any of the following Taxes imposed on or with respect to a
Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on (or measured by) its net income (however denominated), franchise Taxes, and 

  
 14 

 
branch profits Taxes, in each case (i) imposed by the jurisdiction (or any political subdivision thereof) under the laws of which such Recipient is organized or in which its principal office
is located or, in the case of any Lender, in which its applicable lending office is located or (ii) that are Other Connection Taxes, (b) in the case of a Foreign Lender, any United States withholding Tax that is imposed on amounts payable
to or for the account of such Foreign Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which such Foreign Lender becomes a party to this Agreement (other than pursuant to an assignment
request of the Borrower under Section 2.16(b)) or designates a new lending office, except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new lending office or
assignment, to receive additional amounts from the Borrower with respect to such withholding tax pursuant to Section 2.14(a), (c) Taxes attributable to such Recipient’s failure to comply with Sections 2.14(f)
and 2.14(g) and (d) any withholding Taxes imposed under FATCA. 
 “Executive Order” has the meaning set forth
in Section 3.15(a). 
 “Facility Increase” has the meaning set forth in
Section 2.18(a). 
 “Family Member” means, with respect to a Permitted Holder, whether related by
blood or marriage, (i) such Permitted Holder’s spouse, ex-spouse or domestic partner; (ii) such Permitted Holder’s parents and grandparents; (iii) such Permitted Holder’s
siblings; (iv) such Permitted Holder’s children and other lineal descendants; and (v) the lineal descendants of such Permitted Holder’s siblings. Lineal descendants shall include adopted persons, but only if they are adopted
during minority, and step-children. 
 “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this
Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof, any agreements entered into pursuant to
Section 1471(b)(1) of the Code or any published intergovernmental agreement and any fiscal or regulatory legislation, rules or official practices adopted pursuant to any published intergovernmental agreement entered into in connection with the
implementation of such Sections of the Code. 
 “FCPA” means the Foreign Corrupt Practices Act of 1977, (15 U.S.C.
§§ 78dd-1, et seq.). 
 “Federal Funds Effective Rate” means for any day,
the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New
York on the Business Day next succeeding such day; provided (i) if such day is not a Business Day, the Federal Funds Effective Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published
on the next succeeding Business Day, and (ii) if no such rate is so published on such next succeeding Business Day, the Federal Funds Effective Rate for such day shall be the average rate charged to Administrative Agent on such day on such
transactions as determined by Administrative Agent. 
 “Financial Officer” means the chief financial officer, principal
accounting officer, vice president of finance, treasurer or corporate controller of the Borrower. 

  
 15 

 “First Amendment” shall mean Amendment No. 1 to Revolving Credit
Agreement, dated as of June 1, 2015, by and among the Borrower, the Guarantor, the Required Lenders and the Administrative Agent. 

“First Amendment Effective Date” shall have the meaning assigned to such term in the First Amendment. 

“Incremental Agreement” shall mean that certain Incremental Agreement, dated as of June 1, 2015 by and among the
Borrower, the Lenders and Issuing Bank party thereto and the Administrative Agent. 
 “Incremental Amendment” has the
meaning set forth in Section 2.18(d). 
 “Incremental Effective Date” has the meaning set forth
in Section 2.18(d). 
 “Flood Hazard Property” means any Material Real Estate Asset located in an
area designated by the Federal Emergency Management Agency as having special flood or mud slide hazards. 
 “Foreign
Lender” means any Lender that is organized under the laws of a jurisdiction other than that in which the Borrower is located. For purposes of this definition, the United States of America, each State thereof and the District of Columbia
shall be deemed to constitute a single jurisdiction. 
 “Foreign Subsidiary” means any direct or indirect Subsidiary that
is not a Domestic Subsidiary. 
 “GAAP” means generally accepted accounting principles in the United States of America.

 “Governmental Acts” means any act or omission, whether rightful or wrongful, of any present or future de jure or de
facto government or Governmental Authority. 
 “Governmental Authority” means the government of the United States of
America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory
or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Guarantee” of or by any Person (the “guarantor”) means (x) any obligation, contingent or otherwise, of the
guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct
or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof,
(b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness of the payment thereof, (c) to maintain working capital, 

  
 16 

 
equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, (d) as an
account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness or (e) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other monetary
obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (y) any Lien on any assets of such Person securing any Indebtedness or other monetary obligation of any other
Person, whether or not such Indebtedness or other monetary obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien); provided, that the term Guarantee shall not
include endorsements for collection or deposit in the ordinary course of business, or customary indemnification obligations entered into in connection with any acquisition or disposition of assets or of other entities (other than to the extent that
the primary obligations that are the subject of such indemnification obligation would be considered Indebtedness hereunder). 

“Guarantor” means any Material Domestic Subsidiary of the Borrower that has delivered a Guaranty or a joinder agreement to a
Guaranty pursuant to Section 5.10 hereof. 
 “Guaranty” has the meaning set forth in
Section 5.10. 
 “Hazardous Materials” means all explosive or radioactive substances or wastes
and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances
or wastes of any nature regulated pursuant to any Environmental Law. 
 “Indebtedness” of any Person at any date means,
without duplication, (a) all indebtedness of such Person for borrowed money, (b) all obligations of such Person for the deferred purchase price of property or services (other than current trade payables incurred in the ordinary course of
such Person’s business), (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, (d) all indebtedness created or arising under any conditional sale or other title retention agreement with
respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property), (e) all Capital Lease Obligations of such
Person, (f) all obligations of such Person, contingent or otherwise, as an account party or applicant under or in respect of bankers’ acceptances, letters of credit, surety bonds or similar arrangements, (g) all Guarantees of such
Person in respect of obligations of the kind referred to in clauses (a) through (f) above, and (h) all obligations of the kind referred to in clauses (a) through (g) above secured by (or for which the holder of such obligation has an
existing right, contingent or otherwise, to be secured by) any Lien on property (including accounts and contract rights) owned or acquired by such Person, whether or not such Person has assumed or become liable for the payment of such obligation.
The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest
in or other relationship with such entity, except to the extent the terms of such Indebtedness expressly provide that such Person is not liable therefor. 

  
 17 

 “Indemnified Taxes” means (a) Taxes, other than Excluded Taxes,
imposed on or with respect to any payment made by or on account of any obligation of any Loan Party under any Loan Document and (b) to the extent not otherwise described in (a), Other Taxes. 

“Indemnitee” has the meaning set forth in Section 9.03(b). 

“Information” has the meaning set forth in Section 9.12(a). 

“Intellectual Property” means all intellectual property and rights therein arising under applicable law, including but not
limited to (i) patents, copyrights, trademarks, domain names, trade secrets, technical and business information, inventions (whether or not patentable), works of authorship, know-how, show-how, methodologies, tools, data, databases, software, specifications, documentations and any other forms of technology, (ii) registrations and application for any of the foregoing, (iii) income, fees,
royalties, damages, and payments now and hereafter due and/or payable with respect to any of the foregoing, and (iv) rights to sue for past, present, and future infringement, misappropriation, or other violation of any of the foregoing. 

“Intellectual Property Security Agreements” means the security agreements with respect to intellectual property to be
executed in the forms attached to the Security Agreement. 
 “Interest Election Request” has the meaning set forth in
Section 2.05(b). 
 “Interest Payment Date” means (a) with respect to any ABR Loan, the last
day of each March, June, September and December and (b) with respect to any Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurodollar Borrowing with an
Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period. 

“Interest Period” means, with respect to any Eurodollar Borrowing, the period commencing on the date of such Borrowing and
ending on the numerically corresponding day in the calendar month that is one, two, three or six months (or, with the consent of each Lender, twelve months or less than one month) thereafter, as the Borrower may elect; provided that
(i) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case
such Interest Period shall end on the next preceding Business Day and (ii) any Interest Period pertaining to a Eurodollar Borrowing that commences on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on which such
Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. 

“Interest Rate Determination Date” means, with respect to any Interest Period, the date that is two Business Days prior to
the first day of such Interest Period. 

  
 18 

 “IPO” means (x) a bona fide underwritten sale to the public of common
stock of the Borrower (or any parent company) pursuant to a registration statement (other than on Form S-8 or any other form relating to securities issuable under any benefit plan of the Borrower or any of its
Subsidiaries, as the case may be) that is declared effective by the Securities and Exchange Commission or (y) a direct listing of the Equity Interests of the Borrower (or any parent company) on a national securities exchange. 

“IRS” means the U.S. Internal Revenue Service. 

“Issuing Bank” means Morgan Stanley Senior Funding, Inc., as Issuing Bank hereunder, and any other Lender (or affiliate
thereof) that shall agree in writing, at the request of the Borrower and with the consent of the Administrative Agent, to become an “Issuing Bank”, in each case together with its permitted successors and assigns in such capacity. 

“Latest Maturity Date” means, at any date of determination, the latest scheduled maturity date applicable to any Term Loan
hereunder at such time, including the latest maturity date of any New Term Loan. 
 “Lenders” means (a) the Persons
listed on Schedule 2.1, (b) any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption and (c) any
New Lender. 
 “Letter of Credit” means a standby letter of credit issued or to be issued by the Issuing Bank pursuant to
this Agreement in such form as may be approved from time to time by the Issuing Bank. Letters of Credit will only be issued in dollars. 

“Letter of Credit Disbursement” means a payment made by the Issuing Bank pursuant to a Letter of Credit. 

“Letter of Credit Fee” has the meaning set forth in Section 2.09. 

“Letter of Credit Sublimit” means the lesser of (i) $20,000,000 and (ii) the aggregate unused amount of the
Commitments then in effect. 
 “Letter of Credit Usage” means, as at any date of determination, the sum of (i) the
maximum aggregate amount which is, or at any time thereafter may become, available for drawing under all Letters of Credit then outstanding and (ii) the aggregate amount of all drawings under Letters of Credit honored by the Issuing Bank and
not theretofore reimbursed by or on behalf of the Borrower. 
 “Lien” means, with respect to any asset, (a) any
mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention
agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset. 

  
 19 

 “Liquidity” means the amount of Unrestricted cash and Cash Equivalents of
the Borrower; provided, that notwithstanding anything to the contrary contained herein, “Liquidity” shall not include any cash or Cash Equivalents that is subject to a first-priority Lien in favor of any party (other than any
Secured Party). 
 “Loan Documents” means this Agreement (including any amendment hereto or waiver hereunder), the
Revolving Notes (if any), the Term Notes (if any), any Incremental Amendment or similar agreement, any Guaranty, each Collateral Document, any instrument of joinder to any Guaranty delivered pursuant to Section 5.10 hereof,
the Agent Fee Letter, any other agreement, instrument or document executed after the date hereof and designated by its terms as a Loan Document, and any documents or certificates executed by the Borrower in favor of the Issuing Bank relating to
Letters of Credit. 
 “Loan Parties” means the Borrower and the Guarantors. 

“Loans” means Term Loans and Revolving Loans. 

“Material Adverse Effect” means a material adverse effect on (a) the business, property, financial condition or results
of operations of the Borrower and Subsidiaries taken as a whole, (b) the rights of or remedies or benefits available to the Agents and the Lenders under any Loan Document, (c) the ability of the Loan Parties (taken as a whole) to fully and
timely perform any of their obligations under any Loan Document to which the Borrower or any of the Loan Parties is a party or (d) the legality, validity, binding effect or enforceability against any Loan Party of any Loan Document. 

“Material Domestic Subsidiary” means a Domestic Subsidiary that is a Material Subsidiary. 

“Material Indebtedness” means Indebtedness (other than any Indebtedness under the Loan Documents), or obligations in respect
of one or more Swap Agreements, of any one or more of the Borrower and its Subsidiaries in a principal amount exceeding $50,000,000. For purposes of determining Material Indebtedness, the “principal amount” of the obligations of the
Borrower or any Subsidiary in respect of any Swap Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Borrower or such Subsidiary would be required to pay if such Swap Agreement were
terminated at such time. 
 “Material Intellectual Property” means Intellectual Property that is (i) material to the
business of the Borrower and the Subsidiaries (taken as a whole) and (ii) owned by the Borrower or any of its Subsidiaries. 

“Material Real Estate Asset” means any domestic fee owned Real Estate Asset having a fair market value in excess of
$5,000,000. 
 “Material Subsidiary” means, at any date of determination, a Subsidiary of the Borrower (a) whose total
assets as of the most recent available quarterly or year-end financial statements were equal to or greater than 5% of the total assets of the Borrower and its Subsidiaries at such date or (b) whose gross
revenues as of the most recent available quarterly or year-end financial statements were equal to or greater than 5% of the consolidated gross 

  
 20 

 
revenues of the Borrower and its Subsidiaries for such period, in each case determined in accordance with GAAP. 

“Maturity Date” means the Revolving Maturity Date or the Term Maturity Date, as the case may be. 

“Maximum Rate” has the meaning set forth in Section 9.13. 

“Measurement Period” means, at any date of determination, the most recently completed four consecutive fiscal quarters of the
Borrower ended on such date. 
 “Mortgage” means a mortgage, deed of trust or other similar instrument reasonably
satisfactory to Administrative Agent. 
 “Mortgaged Properties” means the real properties as to which the Administrative
Agent for the benefit of the Secured Parties shall be granted a Lien pursuant to the Mortgages. 
 “Multiemployer Plan”
means any multiemployer plan as defined in Section 4001(a)(3) of ERISA, which is contributed to by (or to which there is or could be an obligation to contribute of) the Borrower or a Subsidiary or an ERISA Affiliate, and each such plan for the
five- year period immediately following the latest date on which the Borrower, or a Subsidiary or an ERISA Affiliate contributed to or had an obligation to contribute to such plan. 

“Net Cash Proceeds” means (a) in connection with any Asset Sale or any Recovery Event, the proceeds thereof in the form
of cash and Cash Equivalents (including any such proceeds received by way of deferred payment of principal pursuant to a note or installment receivable or purchase price adjustment receivable or by the disposition of any non-cash consideration received in connection therewith or otherwise, but, in each case, only as and when received) of such Asset Sale or Recovery Event, net of, without duplication, (i) attorneys’ fees,
accountants’ fees and investment banking fees, (ii) amounts required to be applied to the repayment of Indebtedness (including any premium) secured by a Lien expressly permitted hereunder on any asset that is the subject of such Asset Sale
or Recovery Event (other than any Lien pursuant to a Collateral Document), (iii) any reserve in accordance with GAAP in respect of (x) the sale price of such asset or assets and (y) any liabilities associated with such asset or assets and
retained by the Borrower or any of its Subsidiaries after such disposition thereof, including pension and other post-employment benefit liabilities and liabilities related to environmental matters or against any indemnification obligations
associated with such transaction (provided that to the extent and at the time any such amounts are released from such reserve, such amounts shall constitute Net Cash Proceeds if not utilized to pay such costs), (iv) the Borrower’s
reasonable estimate of payments required to be made with respect to liabilities relating to any asset that is the subject of an Asset Sale (and not assumed by the buyer of such asset) within one year after such Asset Sale (it being understood and
agreed that “Net Cash Proceeds” shall include an amount equal to any estimated liabilities described in this clause (iv) that have not been satisfied in cash within one year after such Asset Sale) and (v) other customary fees and
expenses actually incurred in connection therewith and net of taxes paid or reasonably estimated to be payable as a result thereof (after taking into account any available tax credits or deductions and any tax sharing arrangements) and (b) in
connection with any incurrence or issuance of Indebtedness, the cash proceeds received from such incurrence or issuance, net of attorneys’ fees, investment banking fees, accountants’ fees, 

  
 21 

 
underwriting discounts and commissions and other customary fees and expenses actually incurred in connection therewith. In the case of an Asset Sale or Recovery Event with respect to a non-wholly owned Subsidiary, Net Cash Proceeds shall exclude the pro rata portion of the Net Cash Proceeds thereof (calculated without regard to this sentence) attributable to minority interests that are required to
be distributed to minority shareholders pursuant to relevant joint venture, shareholder or similar agreements. 
 “New
Lender” means, at any time, any bank, financial institution or other institutional lender or investor that, in any case, is not a Lender at such time and that agrees to provide any portion of any New Loans or New Revolving Commitments
pursuant to Section 2.18; provided, that each New Lender shall be reasonably acceptable to the Administrative Agent and each Issuing Bank. 

“New Loans” has the meaning set forth in Section 2.18(a). 

“New Revolving Lender” means each New Lender with a New Revolving Loan Commitment. 

“New Revolving Commitments” has the meaning set forth in Section 2.18(a). 

“New Revolving Loans” has the meaning set forth in Section 2.18(a). 

“New Term Loan” has the meaning set forth in Section 2.18(a). 

“Non-Consenting Lender” means any Lender that does not approve any consent, waiver or
amendment that (i) requires the approval of all Lenders or all affected Lenders in accordance with the terms of Section 9.02 and (ii) has been approved by the Required Lenders. 

“Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting
Lender at such time. 
 “Non-U.S. Plan” means any plan, fund (including, without
limitation, any superannuation fund) or other similar program established, contributed to (regardless of whether through direct contributions or through employee withholding) or maintained outside the United States by the Borrower or one or more
Subsidiaries primarily for the benefit of employees of the Borrower or such Subsidiaries residing outside the United States, which plan, fund or other similar program provides, or results in, retirement income, a deferral of income in contemplation
of retirement or payments to be made upon termination of employment, and which plan is not subject to ERISA or the Code. 

“Obligations” means all amounts owing by any Loan Party to the Administrative Agent, the Issuing Bank or any Lender pursuant
to the terms of this Agreement or any other Loan Document, including all principal, interest (including, in each case, all interest which accrues after the commencement of any case or proceeding in bankruptcy after the insolvency of, or for the
reorganization of the Borrower or any of its Subsidiaries, whether or not allowed in such case or proceeding), reimbursement of amounts draw on Letters of Credit, fees, expenses, indemnification or otherwise. 

  
 22 

 “Other Connection Taxes” means, with respect to the Administrative Agent,
any Lender or any other Recipient of any payment to be made by or on account of any obligation of the Borrower hereunder, Taxes imposed as a result of a present or former connection between such Administrative Agent, Lender or other Recipient and
the jurisdiction imposing such Tax (other than connections arising solely from such Administrative Agent, Lender or other Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or
perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 

“Other Taxes” means any and all present or future stamp, court or documentary taxes or any other excise, property,
intangible, recording, filing or similar Taxes which arise from any payment made, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to,
this Agreement and the other Loan Documents; excluding, however, such taxes that are Other Connection Taxes imposed with respect to an assignment (other than such taxes imposed with respect to an assignment that occurs as a result of the
Borrower’s request pursuant to Section 2.16(b)). 
 “Participant” has the meaning set forth
in Section 9.04(c)(i). 
 “Participant Register” has the meaning set forth in
Section 9.04(c)(iii). 
 “PBGC” means the Pension Benefit Guaranty Corporation referred to and
defined in ERISA and any successor entity performing similar functions. 
 “Pension Plan” means any “employee pension
benefit plan” within the meaning of Section 3(2) of ERISA, other than a Multiemployer Plan, that is subject to Title IV of ERISA, Section 412 of the Code or Section 302 of ERISA and is maintained in whole or in part by the
Borrower, any Subsidiary or any ERISA Affiliate or with respect to which any of the Borrower, any Subsidiary or any ERISA Affiliate has actual or contingent liability. 

“Perfection Certificate” means a certificate in form reasonably satisfactory to the Administrative Agent that provides
information with respect to the real, personal or mixed property of each Loan Party. 
 “Permitted Encumbrances” means:

 (a)    Liens imposed by law for taxes, assessments or governmental charges or levies that are not yet
delinquent or are being contested in compliance with Section 5.04; 

(b)    carriers’, warehousemen’s, mechanics’, materialmen’s, landlord’s,
supplier’s, repairmen’s and other like Liens imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 60 days or are being contested in compliance with
Section 5.04; 
 (c)    pledges and deposits made in the ordinary course of
business in compliance with workers’ compensation, unemployment insurance and other social security laws or regulations; 

  
 23 

 (d)    deposits to secure the performance of bids, trade
contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case incurred in the ordinary course of business; 

(e)    judgment liens in respect of judgments that do not constitute an Event of Default under clause
(k) of Article 7; 
 (f)    easements, zoning restrictions, rights-of-way, encroachments and similar encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and do not materially detract
from the value of the affected property or interfere with the ordinary conduct of business of the Borrower or any Subsidiary; and 

(g)    Uniform Commercial Code financing statements filed (or similar filings under applicable law) solely
as a precautionary measure in connection with operating leases. 
 “Permitted Entity” shall mean: (i) a Permitted
Trust of such Permitted Holder; (ii) any general partnership, limited partnership, limited liability company, corporation, charitable organization or other entity exclusively owned, whether directly or indirectly, by such Permitted Holder; or
(iii) an Individual Retirement Account, pension, profit sharing, stock bonus or other type of plan or trust of which such Permitted Holder is a participant or beneficiary and which satisfies the requirements for qualification under
Section 401 or 408 of the Code; provided in each case that such Permitted Holder (A) has sole dispositive power and exclusive Voting Control with respect to the shares of Company stock held in such account, plan or trust; (B) shares
dispositive power and Voting Control with respect to the shares of Company stock held in such account, plan or trust with persons constituting a Family Member of such Permitted Holder or a professional that provides trustee services, including,
without limitation, attorneys, private professional fiduciaries, trust companies and bank trust departments; or (C) shares Voting Control with respect to the shares of Company stock held in such account, plan or trust with another Permitted
Holder. 
 “Permitted Holders” shall mean Alexander Karp, Stephen Cohen or Peter Thiel, or (ii) a Permitted Entity of
any such individuals. 
 “Permitted Trust” shall mean with respect to a Permitted Holder (i) a bona fide trust
primarily for the benefit of such Permitted Holder, such Permitted Holder’s Family Member and/or a charitable organization, foundation or similar entity or (ii) a trust under the terms of which such Permitted Holder has retained a
“qualified interest” within the meaning of §2702(b)(1) of the Code or a reversionary interest, but in the case of both (i) and (ii) only so long as such Permitted Holder (A) has sole dispositive power and exclusive Voting
Control with respect to the shares of stock of the Borrower held in such trust; (B) shares dispositive power and Voting Control with respect to the shares of stock of the Borrower held in such trust with such Permitted Holder’s Family
Member or a professional that provides trustee services, including, without limitation, attorneys, private professional fiduciaries, trust companies and bank trust departments; or (C) shares Voting Control with respect to the shares of Company
stock held in such trust with another Permitted Holder. 

  
 24 

 “Person” means any natural person, corporation, limited liability company,
trust, joint venture, association, company, partnership, Governmental Authority or other entity. 
 “Plan” means any
“employee benefit plan” as defined in Section 3 of ERISA (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA maintained or contributed to by the
Borrower, a Subsidiary or any ERISA Affiliate or to which the Borrower, a Subsidiary or an ERISA Affiliate has or could have an obligation to contribute, and each such plan subject to the provisions of Title IV of ERISA or Section 412 of the
Code or Section 302 of ERISA for the five-year period immediately following the latest date on which the Borrower, a Subsidiary or an ERISA Affiliate maintained, contributed to or had an obligation to contribute to (or is deemed under
Section 4069 of ERISA to have maintained or contributed to or to have had an obligation to contribute to, or otherwise to have liability with respect to) such plan. 

“Platform” has the meaning set forth in Section 9.01(d). 

“Prime Rate” means the rate of interest quoted in the print edition of The Wall Street Journal, Money Rates Section as
the Prime Rate (currently defined as the base rate on corporate loans posted by at least 75% of the nation’s thirty (30) largest banks), as in effect from time to time. The Prime Rate is a reference rate and does not necessarily represent
the lowest or best rate actually charged to any customer. The Administrative Agent or any other Lender may make commercial loans or other loans at rates of interest at, above or below the Prime Rate. 

“Principal Office” for each of the Administrative Agent and the Issuing Bank, means the office of the Administrative Agent
and the Issuing Bank as set forth in Section 9.01, or such other office or office of a third party or sub-agent, as appropriate, as the Administrative Agent may from time to time
designate in writing to Borrower and each Lender. 
 “Pro Rata Share” means (i) with respect to all payments,
computations and other matters relating to the Revolving Commitment or Revolving Loans of any Revolving Lender, the percentage obtained by dividing (a) the Revolving Exposure of that Revolving Lender by (b) the aggregate Revolving Exposure
of all Revolving Lenders, (ii) with respect to all payments, computations and other matters relating to New Loan Commitments or New Loans of a particular Series, the percentage obtained by dividing (a) the New Loan Commitment of that
Lender with respect to that Series by (b) the aggregate New Loan commitment of all Lenders with respect to that Series, and (iii) with respect to all payments, computations and other matters relating to the Term Commitment or Term Loans of
any Term Lender, the percentage obtained by dividing (a) the Term Loan Exposure of that Term Lender with respect to that Series by (b) the aggregate Term Loan Exposure of all Term Lenders with respect to that Series. For all other purposes
with respect to each Lender, “Pro Rata Share” means the percentage obtained by dividing (A) an amount equal to the sum of the Term Loan Exposure and the Revolving Exposure of that Lender, by (B) an amount equal to the sum of the
aggregate Term Loan Exposure and the aggregate Revolving Exposure of all Lenders. 
 “PTE” means a prohibited transaction
class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. 

  
 25 

 “Purchase Money Indebtedness” means Indebtedness incurred to finance the
acquisition, construction or improvement of any fixed or capital asset to the extent incurred prior to or within 180 days following such acquisition, construction or improvement. 

“Qualifying IPO” means an IPO in which the Borrower raises at least $200,000,000 of gross primary proceeds and the total
gross proceeds including secondary sales are at least $500,000,000. 
 “Qualified Receivables Financing Transaction” means
any Receivables Financing Transaction that meets the following conditions: 
 (a)    such Receivables Financing
Transaction (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Borrower and its Subsidiaries (as determined in good faith by the Borrower); 

(b)    such Receivables Financing Transaction is non-recourse to, and does not
obligate, the Borrower or any Subsidiary, or their respective properties or assets (other than Securitization Assets) in any way (other than in respect of Standard Securitization Undertakings); and 

(c)    all sales, conveyances, assignments and/or contributions of Securitization Assets by the Borrower or any Subsidiary
are made at fair market value (as determined in good faith by the Borrower). 
 “Real Estate Asset” means, at any time of
determination, any interest (fee, leasehold or otherwise) then owned by any Loan Party in any real property. 
 “Receivables
Financing Transaction” means any transaction or series of transactions that may be entered into by the Borrower or any Subsidiary pursuant to which the Borrower or such Subsidiary may sell, convey, assign or otherwise transfer (or purport
to be sell, convey, assign or otherwise transfer) Securitization Assets (which may include a grant of security interest in such Securitization Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned
or otherwise transferred) to any Person. 
 “Recipient” means the Administrative Agent, the Issuing Bank or any Lender, as
applicable. 
 “Recovery Event” means any settlement of or payment in respect of any property or casualty insurance claim
or any condemnation proceeding relating to any asset of the Borrower or any of its Subsidiaries. 
 “Register” has the
meaning set forth in Section 9.04(b)(iv). 
 “Reimbursement Date” has the meaning set forth in
Section 2.20. 
 “Reinvestment Deferred Amount” means, with respect to any Reinvestment Event,
the aggregate Net Cash Proceeds received by the Borrower or any of its Subsidiaries in connection therewith that are not applied to prepay the Term Loans pursuant to Section 2.08(e) as a result of the delivery of a
Reinvestment Notice. 

  
 26 

 “Reinvestment Event” means any Asset Sale or Recovery Event in respect of
which the Borrower has delivered a Reinvestment Notice. 
 “Reinvestment Notice” means a written notice executed by a
Responsible Officer stating that no Event of Default has occurred and is continuing and that the Borrower (directly or indirectly through any of its Subsidiaries) intends to use all or a portion of the Net Cash Proceeds of an Asset Sale or Recovery
Event to acquire, repair or construct assets to be used in the Borrower’s or its Subsidiaries’ business. 
 “Reinvestment
Prepayment Amount” means, with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire, repair or construct assets to be
used in the Borrower’s or its Subsidiaries’ business; provided that such amount shall be increased by any amount committed to be expended prior to the relevant Reinvestment Prepayment Date but not actually expended within 180 days
of such date. 
 “Reinvestment Prepayment Date” means, with respect to any Reinvestment Event, the earlier of (a) the
date occurring 365 days after such Reinvestment Event or, in respect of any amount committed to be expended prior to such date, 180 days after such date and (b) the date on which the Borrower shall have determined not to, or shall have
otherwise ceased to, acquire, repair or construct assets to be used in the Borrower’s or its Subsidiaries’ business with all or any portion of the relevant Reinvestment Deferred Amount. 

“Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective directors,
officers, employees, agents and advisors of such Person and such Person’s Affiliates. 
 “Relevant Governmental Body”
means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto. 

“Required Lenders” means, at any time, Lenders having or holding Term Loan Exposure and/or Revolving Exposure and
representing more than 50% of the sum of (a) the aggregate Term Loan Exposure of all Lenders and (b) the aggregate Revolving Exposure of all Lenders, in each case at such time; provided that at any time there are two (2) or more
Lenders, the Required Lenders shall include at least two (2) Lenders (Lenders that are Affiliates or Approved Funds of one another being considered as one Lender for purposes of this proviso). The Commitments and Loans of any Defaulting Lender
shall be disregarded in determining Required Lenders at any time. 
 “Required Revolving Lenders” means, at any time,
Revolving Lenders having more than 50% of the aggregate amount of the Revolving Commitments or, if the Revolving Commitments shall have been terminated, holding more than 50% of the aggregate outstanding principal amount of the Revolving Loans at
such time; provided that at any time there are two (2) or more Lenders, the Required Revolving Lenders shall include at least two (2) Lenders (Lenders that are Affiliates or Approved Funds of one another being considered as one Lender for
purposes of this proviso). The Revolving Commitment and Revolving Loans of any Defaulting Lender shall be disregarded in determining Required Revolving Lenders at any time. 

  
 27 

 “Resolution Authority” means an EEA Resolution Authority or, with respect
to any UK Financial Institution, a UK Resolution Authority. 
 “Responsible Officer” means any of the President and Chief
Executive Officer, Senior Vice President and Chief Financial Officer of the applicable Loan Party, or any person designated by any such Loan Party in writing to the Administrative Agent from time to time, acting singly. 

“Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to
any Equity Interests in the Borrower or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or
termination of any such Equity Interests in the Borrower. For the avoidance of doubt, the receipt or acceptance by the Borrower or any Subsidiary of the return of Equity Interests issued by the Borrower or any Subsidiary to the seller of a Person,
business or division as consideration for the purchase of such Person, business or division, which return is in settlement of indemnification claims owed by such seller in connection with such acquisition, shall not be deemed to be a Restricted
Payment. 
 “Revolving Borrowing” means Revolving Loans of the same Type, made, converted or continued on the same
date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect. 
 “Revolving Exposure”
means, with respect to any Revolving Lender as of any date of determination, (i) prior to the termination of the Revolving Commitments, that Revolving Lender’s Revolving Commitment; and (ii) after the termination of the Revolving
Commitments, the sum of (a) the aggregate outstanding principal amount of the Revolving Loans of that Lender, (b) in the case of Issuing Bank, the aggregate Letter of Credit Usage in respect of all Letters of Credit issued by that
Revolving Lender (net of any participations by Revolving Lenders in such Letters of Credit), and (c) the aggregate amount of all participations by that Revolving Lender in any outstanding Letters of Credit or any unreimbursed drawing under any
Letter of Credit. 
 “Revolving Commitment” means, with respect to each Revolving Lender, the commitment of such Revolving
Lender to make Revolving Loans hereunder (including any New Revolving Commitment), expressed as an amount representing the maximum aggregate amount of such Revolving Lender’s Revolving Loans hereunder, as such commitment may be (a) reduced
from time to time pursuant to Section 2.06 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each
Lender’s Revolving Commitment as of the Eighth Amendment Effective Date is set forth on Schedule 2.1. The initial aggregate amount of the Lenders’ Revolving Commitments as of the Eighth Amendment Effective Date is $150,000,000. 

“Revolving Lenders” means the Lenders which have a Revolving Commitment or Revolving Exposure, including any New Revolving
Lenders. 
 “Revolving Loan” means a revolving loan made by a Revolving Lender to the Borrower pursuant to
Section 2.01(a) and/or any New Revolving Loan. 

  
 28 

 “Revolving Maturity Date” means June 4, 2023. 

“Revolving Note” has the meaning set forth in Section 2.07(f). 

“Sanctions” means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by
(a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or (b) the United Nations Security Council, the European Union or Her
Majesty’s Treasury of the United Kingdom. 
 “Sanctioned Country” means, at any time, a country, region or territory
which is itself, or whose government is, the subject or target of any Sanctions (including, without limitation, Cuba, Iran, North Korea, Sudan, Syria and the Crimea Region of the Ukraine). 

“Sanctioned Entity” means, at any time, (a) a Sanctioned Country or (b) an agency of the government of a country,
an organization directly or indirectly controlled by a country or its government or a person or entity resident in or determined to be resident in a country or territory, in each case, that is subject to or target of any Sanctions. 

“Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons
maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, the or by the United Nations Security Council, the European Union or any EU member state, (b) any Person operating,
organized or resident in a Sanctioned Country or (c) any Person controlled by any such Person. 
 “Secured Parties”
means the Administrative Agent, any Lender or any Indemnitee. 
 “Securitization Assets” means accounts receivable,
royalties, licensing fees or other revenue streams, other rights to payment, including with respect to rights of payment pursuant to the terms of joint ventures (in each case, whether now existing or arising in the future), and any assets related
thereto, including all collateral securing any of the foregoing, all contracts and all guarantees or other obligations in respect of any of the foregoing, proceeds of any of the foregoing and other assets which are customarily transferred or in
respect of which security interests are customarily granted in connection with non-recourse, asset securitization or receivables financing transactions. 

“Security Agreement” means the Pledge and Security Agreement substantially in the form of Exhibit H hereto to be
executed by each Loan Party and the Administrative Agent (as such agreement may be amended, amended and restated, supplemented or otherwise modified from time to time). 

“Series” means a series of Loans. 

“SOFR” with respect to any day means the secured overnight financing rate published for such day by the Federal Reserve Bank
of New York, as the administrator of the benchmark, (or a successor administrator) on the Federal Reserve Bank of New York’s Website. 

“SOFR-Based Rate” means SOFR, Term SOFR or Compounded SOFR. 

  
 29 

 “Solvent” means, with respect to the Borrower and its Subsidiaries on a
particular date, that on such date (a) the fair value of the present assets of the Borrower and its Subsidiaries, taken as a whole, is greater than the total amount of liabilities, including, without limitation, contingent liabilities, of the
Borrower and its Subsidiaries, taken as a whole, (b) the present fair saleable value of the assets of the Borrower and its Subsidiaries, taken as a whole, is not less than the amount that will be required to pay the probable liability of the
Borrower and its Subsidiaries, taken as a whole, on their debts as they become absolute and matured, (c) the Borrower and its Subsidiaries, taken as a whole, do not intend to, and do not believe that they will, incur debts or liabilities
(including current obligations and contingent liabilities) beyond their ability to pay such debts and liabilities as they mature in the ordinary course of business and (d) the Borrower and its Subsidiaries, taken as a whole, are not engaged in
business or a transaction, and are not about to engage in business or a transaction, in relation to which their property would constitute an unreasonably small capital. The amount of contingent liabilities at any time shall be computed as the amount
that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability (irrespective of whether such contingent liabilities meet the criteria for
accrual under Statement of Financial Accounting Standard No. 5 (ASC 450)). 
 “Specified Indebtedness” means
(i) indebtedness for borrowed money (including, for the avoidance of doubt, outstanding Loans), (ii) obligations for the deferred purchase price of property or services (other than current trade payables incurred in the ordinary course of
business and excluding Earn-Outs), (iii) obligations evidenced by notes, bonds, debentures and similar instruments, (iv) all obligations, contingent or otherwise, as an account party or applicant under or in respect of bankers acceptances or
letters of credit, (v) Capital Lease Obligations, (vi) Purchase Money Indebtedness and (vii) Guarantees of indebtedness of the type referred to in clauses (i) through (vi); provided that (a) Specified Indebtedness
shall exclude indebtedness among the Borrower and its Subsidiaries and (b) to the extent any obligations or indebtedness arising from a single transaction or a related series of transactions (for illustration purposes only, such as a
cash-secured letter of credit to secure indebtedness for borrowed money) would otherwise be includable in two or more of the foregoing clauses (i) through (vii), notwithstanding anything to the contrary in this Agreement, Specified Indebtedness
shall include only the amount includable in one of the applicable foregoing clauses (i) through (vii) for such obligations or indebtedness which results in the greatest amount of Specified Indebtedness due to such related obligations or
indebtedness. 
 “Standard Securitization Undertakings” means representations, warranties, covenants and indemnities
entered into by the Borrower or any Subsidiary of the Borrower that are customary in non-recourse securitization financings. 

“Subsidiary” means any subsidiary of the Borrower. 

“subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation, limited
liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with
GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other entity (a) of which securities or other ownership interests representing more than 50% of the

  
 30 

 
equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held, or
(b) that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent and which is required by GAAP to be consolidated in the consolidated
financial statements of the parent. 
 “Swap Agreement” means any agreement with respect to any swap, forward, future or
derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic,
financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors,
officers, employees or consultants of the Borrower or the Subsidiaries shall be a Swap Agreement. 
 “Taxes” means any and
all present or future taxes, levies, imposts, duties, deductions, charges or withholdings imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term Borrowing” means Term Loans of the same Type, made, converted or continued on the same date and, in the case of
Eurodollar Loans, as to which a single Interest Period is in effect. 
 “Term Commitment” means, with respect to each Term
Lender, the commitment of such Lender to make Term Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Term Loans hereunder, as such commitment may be (a) reduced from time to time pursuant to
Section 2.06(a) and (b) reduced or increased from time to time pursuant to assignments by or to such Term Lender pursuant to Section 9.04. The initial amount of each Term Lender’s Term
Commitment as of the Eighth Amendment Effective Date is set forth on Schedule 2.1. The initial aggregate amount of the Term Lenders’ Term Commitments as of the Eighth Amendment Effective Date is $150,000,000. 

“Term Lenders” means the Lenders which have outstanding Term Loans or Term Commitments, including any applicable New Lender.

 “Term Loan” means a term loan made by a Term Lender to the Borrower on or prior to the Eighth Amendment Effective Date
pursuant to Section 2.01(b) and/or any New Term Loan. 
 “Term Loan Exposure” means, with respect
to any Term Lender, as of any date of determination, the outstanding principal amount of the Term Loans of such Term Lender; provided, at any time prior to the making of the Term Loans, the Term Loan Exposure of any Term Lender shall be equal
to such Term Lender’s Term Loan Commitment. 
 “Term Maturity Date” means (a) June 4, 2023 for any Term
Loans made on or prior to the Eighth Amendment Effective Date and (b) the date set forth in the applicable Incremental Amendment for any New Term Loans. 

“Term Note” has the meaning set forth in Section 2.07(e). 

  
 31 

 “Term SOFR” means the forward-looking term rate based on SOFR that has been
selected or recommended by the Relevant Governmental Body. 
 “Total Assets” means the total assets of the Borrower and its
Subsidiaries on a consolidated basis, as shown on the most recent balance sheet of the Borrower delivered pursuant to Section 5.01(a) or (b). 

“Total Exposure” means, for any Revolving Lender at any time, the sum of (i) the aggregate principal amount of all
outstanding Revolving Loans of such Revolving Lender plus (ii) such Revolving Lender’s Applicable Percentage of the Letter of Credit Usage. 

“Total Indebtedness” means the aggregate principal amount of Specified Indebtedness of the Borrower and its Subsidiaries, as
determined on a consolidated basis. 
 “Total Leverage Ratio” means, as of the last day of any period, the ratio of
(a) Total Indebtedness to (b) Consolidated Adjusted EBITDA for such period. 
 “Transactions” means the
execution, delivery and performance by the Loan Parties of each Loan Document to which it is a party and the borrowing of Loans. 

“Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans
comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate or the Alternate Base Rate. 
 “Unadjusted Benchmark
Replacement” means the Benchmark Replacement excluding the Benchmark Replacement Adjustment. 
 “Unfunded Pension
Liability” means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the
Pension Plan pursuant to Section 412 of the Code for the applicable plan year. 
 “UK Financial Institution” means any
BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to
time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 

“UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for
the resolution of any UK Financial Institution. 
 “Unreimbursed Amount” has the meaning set forth in
Section 2.20. 
 “Unrestricted” means, when referring to cash or Cash Equivalents, that such cash
or Cash Equivalents (a) do not appear (or would be required to appear) as “restricted” on the consolidated balance sheet of the Borrower, (b) are not subject to any Lien, other than
non-consensual Liens arising by operation of law or Liens in favor of the Administrative Agent for 

  
 32 

 
the benefit of the Secured Parties and (c) are otherwise generally available for use by the Borrower or any Guarantor. 

“U.S.” and “United States” means the United States of America. 

“USA Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107-56 (signed into law October 26, 2001)), as amended from time to time. 

“U.S. Person” means any Person that is a “United States Person” as defined in Section 7701(a)(30) of the Code.

 “Voting Control” shall mean, with respect to a share of stock, the power to vote or direct the voting of such share by
proxy, voting agreement or otherwise. 
 “Weighted Average Life to Maturity” means, when applied to any Indebtedness at any
date, the number of years obtained by dividing: (a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment
at final maturity, in respect thereof, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (b) the then
outstanding principal amount of such Indebtedness. 
 “Withdrawal Liability” means liability to a Multiemployer Plan as a
result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Title IV of ERISA. 

“Withholding Agent” means any Loan Party and the Administrative Agent. 

“Write-Down and Conversion Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and
conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to
cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that
person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers. 

Section 1.02    Classification of Loans and Borrowings. For purposes of this Agreement, Loans may be
classified and referred to by Type (e.g., a “Eurodollar Loan”). Borrowings also may be classified and referred to by Type (e.g., a “Eurodollar Borrowing”). 

Section 1.03    Terms Generally. The definitions of terms herein shall apply equally to the singular and
plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words 

  
 33 

 
“include,” “includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to
have the same meaning and effect as the word “shall.” Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement,
instrument or other document as from time to time amended, restated, amended and restated, supplemented or otherwise modified (subject to any restrictions on such amendments, amendments and restatements, supplements or modifications set forth
herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein,” “hereof” and “hereunder,” and words of similar import, shall be
construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and
Schedules to, this Agreement, (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities,
accounts and contract rights and (f) any reference to any law shall include all statutory and regulatory provisions consolidating, amending, replacing or interpreting such law and any reference to any law or regulation shall, unless otherwise
specified, refer to such law or regulation as amended, modified or supplemented from time to time. Notwithstanding anything herein or in any other Loan Document to the contrary, with respect to any provision in this Agreement or in any other Loan
Document that requires compliance with a specified leverage ratio (including any such provision requiring compliance with a specified Total Leverage Ratio), in the event Consolidated Adjusted EBITDA for the most recently ended Measurement Period is
negative, the Borrower shall be deemed not to have complied with such required leverage ratio. 

Section 1.04    Accounting Terms; GAAP. Except as otherwise expressly provided herein, all terms of an
accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided that, if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to
eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any
provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately
before such change shall have become effective until such notice shall have been withdrawn or such provision shall have been amended to account for any such change following good faith negotiations between the Borrower and the Administrative Agent.
Notwithstanding the foregoing, all financial covenants contained herein shall be calculated (1) without giving effect to any election under the Statement of Financial Accounting Standards No. 159 (ASC 825) (or any similar accounting
principle) permitting or requiring a Person to value its financial liabilities or Indebtedness at the fair value thereof and (2) without giving effect to any treatment of Indebtedness in respect of convertible debt instruments under Accounting
Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated
manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof. 

  
 34 

 Section 1.05    Interest Rates. The Administrative Agent
does not warrant nor accept any responsibility nor shall the Administrative Agent have any liability with respect to (i) any Benchmark Replacement Conforming Changes, (ii) the administration, submission or any matter relating to the rates
in the definition of Adjusted LIBO Rate or with respect to any rate that is an alternative, comparable or successor rate thereto or (iii) the effect of any of the foregoing. 

Section 1.06    Divisions. For all purposes under the Loan Documents, in connection with any division or plan
of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it
shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders
of its Equity Interests at such time. 
 ARTICLE 2 

THE CREDITS 

Section 2.01    The Loans. (a) Subject to the terms and conditions set forth herein, each Revolving
Lender severally agrees to make Revolving Loans in dollars to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) the aggregate outstanding principal amount of such
Revolving Lender’s Revolving Loans exceeding such Revolving Lender’s Revolving Commitment or (b) the sum of the Aggregate Total Exposure exceeding the total Revolving Commitments. Within the foregoing limits and subject to the terms
and conditions set forth herein, the Borrower may borrow, prepay and reborrow Revolving Loans. 
 (b)    Subject to the
terms and conditions set forth herein, each Term Lender severally agrees to make to the Borrower on the Eighth Amendment Effective Date a term loan in dollars in an aggregate amount not to exceed the amount of such Term Lender’s Term
Commitment. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. 

Section 2.02    Loans and Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing
consisting of Revolving Loans made by the Lenders in accordance with their respective Applicable Percentages. The failure of any Revolving Lender to make any Revolving Loan required to be made by it shall not relieve any other Revolving Lender of
its obligations hereunder; provided that the Revolving Commitments of the Revolving Lenders are several and no Revolving Lender shall be responsible for any other Revolving Lender’s failure to make Revolving Loans as required. 

(b)    Subject to Section 2.11, each Borrowing of Revolving Loans or Term Loans shall be
comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request in accordance herewith. Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan;
provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. 

(c)    At the commencement of each Interest Period for any Eurodollar Borrowing of Revolving Loans, such Borrowing shall
be in an aggregate amount that is an integral multiple of 

  
 35 

 
$1,000,000 and not less than $5,000,000. At the time that each ABR Borrowing of Revolving Loans is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000
and not less than $5,000,000; provided that an ABR Borrowing of Revolving Loans may be in an aggregate amount that is equal to the entire unused balance of the total Revolving Commitments. 

(d)    Borrowings of more than one Type may be outstanding at the same time; provided that there shall not at any
time be more than a total of ten Eurodollar Borrowings outstanding. 
 (e)    Notwithstanding any other provision of
this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Revolving Maturity Date (with respect to any Revolving
Borrowing) or the Term Maturity Date (with respect to any Term Borrowing). 
 Section 2.03    Requests for
Borrowings. To request a Borrowing, the Borrower shall notify the Administrative Agent of such request by telephone or telecopy (a) in the case of a Eurodollar Borrowing, not later than 12:00 noon, New York City time, three Business Days
before the date of the proposed Borrowing or (b) in the case of an ABR Borrowing, not later than 12:00 noon, New York City time, one Business Day prior to the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be
confirmed promptly by delivery to the Administrative Agent of a written Borrowing Request in substantially the form of Exhibit B attached hereto and signed by the Borrower. Each such telephonic and written Borrowing Request shall specify the
following information in compliance with Section 2.02: 
 (i)    the aggregate amount of the
requested Borrowing (and whether such notice relates to a Term Borrowing or a Revolving Borrowing); 
 (ii)    the date
of such Borrowing, which shall be a Business Day; 
 (iii)    whether such Borrowing is to be an ABR Borrowing or a
Eurodollar Borrowing; 
 (iv)    in the case of a Eurodollar Borrowing, the initial Interest Period to be applicable
thereto, which shall be a period contemplated by the definition of the term “Interest Period”; and 

(v)    the location and number of the account or accounts to which funds are to be disbursed, which shall comply with the
requirements of Section 2.04. 
 If no election as to the Type of Borrowing is specified, then the requested
Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following
receipt of a Borrowing Request in accordance with this Section, the Administrative Agent shall advise each applicable Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing. Except as
otherwise provided herein, a Borrowing Request for a Eurodollar Borrowing shall be irrevocable on and after the related Interest Rate Determination Date, and the Borrower shall be 

  
 36 

 
bound to make a borrowing in accordance therewith. As soon as practicable after 10:00 a.m., New York City time, on each Interest Rate Determination Date, Administrative Agent shall determine
(which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the Eurodollar Borrowing for which an interest rate is then being determined for the applicable Interest
Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower and each Lender. 

Section 2.04    Funding of Revolving Borrowings. (a) Each Revolving Lender shall make each Revolving Loan
to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the
Lenders. The Administrative Agent will make such Revolving Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account or accounts designated by the Borrower in the applicable Borrowing Request. 

(b)    Unless the Administrative Agent shall have received notice from a Revolving Lender prior to the proposed date of
any Revolving Borrowing that such Revolving Lender will not make available to the Administrative Agent such Revolving Lender’s Applicable Percentage of such Revolving Borrowing, the Administrative Agent may assume that such Revolving Lender has
made such Applicable Percentage available on such date in accordance with paragraph (a) of this Section and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Revolving Lender has
not in fact made its Applicable Percentage of the applicable Revolving Borrowing available to the Administrative Agent, then the applicable Revolving Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such
corresponding amount with interest thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Revolving Lender,
the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation or (ii) in the case of the Borrower, the interest rate applicable to ABR
Loans. If such Revolving Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Revolving Loan included in such Revolving Borrowing. 

Section 2.05    Interest Elections.    (a) Each Borrowing initially shall be of the Type
specified in the applicable Borrowing Request and, in the case of a Eurodollar Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Borrower may elect to convert such Borrowing to a different Type
or to continue such Borrowing and, in the case of a Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in this Section. Subject to the limitation set forth in Section 2.02(d), the Borrower may elect
different options with respect to different portions of the affected Borrowing, in which case (x) with respect to a Revolving Borrowing, each such portion shall be allocated among the Revolving Lenders holding the Revolving Loans comprising
such Revolving Borrowing in accordance with their respective Applicable Percentages, and (y) with respect to a Term Borrowing, each such portion shall be allocated among the Term Lenders holding the Term Loans comprising such Term Borrowing in
accordance with their Pro Rata Share of such Term Borrowing, and, in each case, the Loans comprising each such portion shall be considered a separate Borrowing. 

  
 37 

 (b)    To make an election pursuant to this Section, the Borrower shall
notify the Administrative Agent of such election by telephone by the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Borrowing of the Type resulting from such election to
be made on the effective date of such election. Each such telephonic request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written request (an “Interest Election
Request”) in substantially the form of Exhibit C attached hereto and signed by the Borrower. 

(c)    Each telephonic and written Interest Election Request shall specify the following information in compliance with
Section 2.02: 
 (i)    the Borrowing to which such Interest Election Request applies and, if
different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be
specified for each resulting Borrowing); 
 (ii)    the effective date of the election made pursuant to such Interest
Election Request, which shall be a Business Day; 
 (iii)    whether the resulting Borrowing is to be an ABR Borrowing
or a Eurodollar Borrowing; and 
 (iv)    if the resulting Borrowing is a Eurodollar Borrowing, the Interest Period to
be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period.” 

If any such Interest Election Request requests a Eurodollar Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have
selected an Interest Period of one month’s duration. 
 (d)    Promptly following receipt of an Interest Election
Request, the Administrative Agent shall advise each applicable Lender of the details thereof and of such Lender’s portion of each resulting Borrowing. Except as otherwise provided herein, an Interest Election Request for conversion to, or
continuation of, any Eurodollar Borrowing shall be irrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith. 

(e)    If the Borrower fails to deliver a timely Interest Election Request with respect to a Eurodollar Borrowing prior to
the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be continued as a Eurodollar Borrowing with an Interest Period of one month’s
duration. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing, (i) no outstanding Borrowing may be converted to or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar
Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto. 

  
 38 

 Section 2.06    Termination and Reduction of Commitments.
(a) The Term Commitment of each Term Lender shall be automatically and permanently reduced to $0 upon the funding of Term Loans to be made by it on the Eighth Amendment Effective Date. Unless previously terminated, the Revolving Commitments
shall terminate on the Revolving Maturity Date. 
 (b)    The Borrower may at any time terminate, or from time to time
reduce, the Revolving Commitments; provided that (i) each reduction of the Revolving Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 and (ii) the Borrower shall not terminate
or reduce the Revolving Commitments if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section 2.08, the sum of the Aggregate Total Exposure would exceed the total Revolving
Commitments. 
 (c)    The Borrower shall notify the Administrative Agent of any election to terminate or reduce the
Revolving Commitments under paragraph (b) of this Section at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any
notice, the Administrative Agent shall advise the Revolving Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination of the Revolving
Commitments delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities or another transaction, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent
on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Revolving Commitments shall be permanent. Each reduction of the Revolving Commitments shall be applied to the Revolving Lenders in
accordance with their respective Applicable Percentages. 
 (d)    If, after giving effect to any reduction of the
Revolving Commitments, the Letter of Credit Sublimit exceeds the amount of the Revolving Commitments, such Letter of Credit Sublimit shall be automatically reduced by the amount of such excess. 

Section 2.07    Repayment of Loans; Evidence of Debt. (a) The Borrower hereby unconditionally promises to
pay to the Administrative Agent for the account of each (x) Revolving Lender the then unpaid principal amount of each Revolving Loan on the Revolving Maturity Date and (y) Term Lender the then unpaid principal amount of each Term Loan on
the Term Maturity Date. 
 (b)    Each Lender shall maintain in accordance with its usual practice an account or
accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. 

(c)    The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Revolving
Loan and Term Loan made hereunder, the Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and
(iii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. 

  
 39 

 (d)    The entries made in the accounts maintained pursuant to paragraph
(b) or (c) of this Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein (absent manifest error); provided that the failure of any Lender or the Administrative Agent to maintain
such accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay the Loans in accordance with the terms of this Agreement. 

(e)    Any Term Lender may request that Term Loans made by it be evidenced by a promissory note (each such promissory note
being called a “Term Note” and all such promissory notes being collectively called the “Term Notes”). In such event, the Borrower shall prepare, execute and deliver to such Term Lender a Term Note payable to the
order of such Term Lender (or, if requested by such Term Lender, to such Term Lender and its registered assigns) in substantially the form of Exhibit D-2 attached hereto. Thereafter, the Term Loans
evidenced by such Term Note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to the order of the payee named
therein (or, if such promissory note is a registered note, to such payee and its registered assigns). 
 (f)    Any
Revolving Lender may request that Revolving Loans made by it be evidenced by a promissory note (each such promissory note being called a “Revolving Note” and all such promissory notes being collectively called the “Revolving
Notes”). In such event, the Borrower shall prepare, execute and deliver to such Revolving Lender a Revolving Note payable to the order of such Revolving Lender (or, if requested by such Revolving Lender, to such Revolving Lender and its
registered assigns) in substantially the form of Exhibit D-1 attached hereto. Thereafter, the Revolving Loans evidenced by such Revolving Note and interest thereon shall at all times (including after
assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to the order of the payee named therein (or, if such promissory note is a registered note, to such payee and its
registered assigns). 
 Section 2.08    Prepayment of Loans. (a) The Borrower shall have the right at
any time and from time to time to prepay any Borrowing in whole or in part, without premium or penalty (subject to the requirements of Section 2.13), subject to prior notice in accordance with paragraph (b) of this
Section. 
 (b)    The Borrower shall notify the Administrative Agent by telephone (confirmed by telecopy or delivery of
written notice) or telecopy of any prepayment pursuant to Section 2.08(a) hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 12:00 noon, New York City time, three Business Days before the
date of prepayment or (ii) in the case of prepayment of an ABR Borrowing, not later than 12:00 noon, New York City time, one Business Day before the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date
and the principal amount of each Borrowing or portion thereof to be prepaid; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Revolving Commitments as contemplated by
Section 2.06, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.06. Promptly following receipt of any such notice relating to a
Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a

  
 40 

 
Borrowing of the same Type as provided in Section 2.02. Any prepayment of any Loan pursuant to Section 2.08(a) hereof shall be applied as
specified by the Borrower in the applicable notice of prepayment; provided that in the event the Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows: first, to
repay outstanding Revolving Loans to the full extent thereof and second, to repay the Term Loans, if any, on a pro rata basis (in accordance with the respective outstanding principal amounts thereof). Prepayments shall be accompanied by
accrued interest to the extent required by Section 2.10 and any costs incurred as contemplated by Section 2.13. 

(c)    If at any time the Aggregate Total Exposure exceeds the total Revolving Commitments then in effect, the Borrower
shall forthwith prepay first, the Revolving Loans and second, Cash Collateralize the outstanding amount of Letter of Credit Usage at the Agreed L/C Cash Collateral Amount of all Letter of Credit Usage, to the extent necessary so that
the Aggregate Total Exposure shall not exceed the Revolving Commitments then in effect (or, in the case of Letter of Credit Usage, such amounts are fully Cash Collateralized). 

(d)    If, while any Term Loans are outstanding, (x) any Indebtedness (excluding any Indebtedness permitted pursuant
to Section 6.01 hereof) shall be issued or incurred by any of the Borrower or any of its Subsidiaries, the Borrower shall apply, in each case, on the date of such issuance or incurrence, an amount equal to 100% of the Net
Cash Proceeds thereof toward the prepayment of the Term Loans as set forth in Section 2.08(g). 

(e)    If, while any Term Loans are outstanding, the Borrower or any of its Subsidiaries shall receive Net Cash Proceeds
(or Net Cash Proceeds shall be received on behalf of the Borrower or any of its Subsidiaries) (including cash proceeds subsequently received (as and when received) in respect of noncash consideration initially received) from any Asset Sale, or from
any Recovery Event then, unless a Reinvestment Notice shall be delivered within 10 days in respect thereof, the Borrower shall promptly (but in no event later than the next Business Day) after such
10th day deliver to the Administrative Agent an amount equal to any Net Cash Proceeds that exceed $50,000,000 in the aggregate toward the prepayment of the Term Loans, in each case as set forth in
Section 2.08(g); provided, that, notwithstanding the foregoing, on each Reinvestment Prepayment Date, the Borrower shall apply an amount equal to the Reinvestment Prepayment Amount with respect to the relevant
Reinvestment Event toward the prepayment of the Loans as set forth in Section 2.08(g). 

(f)    [Reserved] 

(g)    The application of any prepayment pursuant to Sections 2.08(d) or (e) shall be made,
first, to ABR Loans and, second, to Eurodollar Loans. Each prepayment of the Loans pursuant to Sections 2.08(d) and (e) shall be accompanied by accrued interest to the date of such prepayment on the amount prepaid.
If a Eurodollar Loan is prepaid pursuant to Sections 2.08(d) or (e) on any day other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to
Section 2.13. 
 (h)    The Borrower shall deliver to the Administrative Agent, at the time of
each prepayment required under Sections 2.08(d) or (e), a certificate signed by a Responsible Officer of the Borrower setting forth in reasonable detail the calculation of the amount of such prepayment. 

  
 41 

 Section 2.09    Fees. (a) The Borrower agrees to pay to
the Administrative Agent for the account of each Revolving Lender (other than any Defaulting Lender) (i) a commitment fee (the “Commitment Fee”), which shall accrue at the percentage set forth in the definition of
“Applicable Rate” applicable to Revolving Loans on the average daily amount of the unused Revolving Commitment of such Revolving Lender during the period from and including the date hereof to but excluding the date on which such Revolving
Commitment terminates and (ii) a Letter of Credit participation fee (the “Letter of Credit Fee”) equal to the Applicable Rate with respect to Eurodollar Borrowings of Revolving Loans, multiplied by the aggregate undrawn amount
of the Letters of Credit (regardless of whether any conditions for drawing could then be met and determined as of the close of business on any date of determination). Accrued fees under this Section 2.09(a) shall be payable
in arrears on the last day of March, June, September and December of each year and on the date on which the Revolving Commitments terminate, commencing on December 31, 2014; provided that any commitment fees accruing after the date on
which the Revolving Commitments terminate shall be payable on demand. All fees under this Section 2.09(a) shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed
(including the first day but excluding the last day). 
 (b)    The Borrower agrees to pay directly to the Issuing Bank,
for its own account, the following fees: 
 (i)    a fronting fee equal to 0.125%, per annum, multiplied by the
face amount of such Letters of Credit issued during such year without regard to whether any such Letter of Credit remains outstanding; and 

(ii)    such documentary and processing charges for any issuance, amendment, transfer or payment of a Letter of Credit as
are in accordance with the Issuing Bank’s standard schedule for such charges and as in effect at the time of such issuance, amendment, transfer or payment, as the case may be. 

(c)    The Borrower agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts and at the
times separately agreed upon between the Borrower and the Administrative Agent in the Agent Fee Letter. 
 (d)    All
fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent for distribution, in the case of commitment fees, to the Revolving Lenders. Fees paid shall not be refundable under any circumstances.

 Section 2.10    Interest. (a) The Loans comprising each ABR Borrowing shall bear interest at the
Alternate Base Rate plus the Applicable Rate. 
 (b)    The Loans comprising each Eurodollar Borrowing shall bear
interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate. 

(c)    Notwithstanding the foregoing, at all times when an Event of Default listed in paragraph (a) or (b) of
Article 7 has occurred hereunder and is continuing, all overdue amounts outstanding hereunder shall bear interest, after as well as before judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2%
plus the rate otherwise applicable to 

  
 42 

 
such Loan as provided in the preceding paragraphs of this Section or (ii) in the case of any other overdue amount, 2% plus the rate applicable to ABR Loans as provided in paragraph
(a) of this Section. 
 (d)    Accrued interest on each Loan shall be payable in arrears on each Interest Payment
Date for such Loan and, with respect to the Revolving Loans, upon termination of the Revolving Commitments; provided that (i) interest accrued pursuant to paragraph (c) of this Section shall be payable on demand, (ii) in the
event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Loan that is a Revolving Loan prior to the end of the Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date
of such repayment or prepayment and (iii) in the event of any conversion of any Eurodollar Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.

 (e)    The Borrower agrees to pay to the Issuing Bank, with respect to drawings honored under any Letter of Credit,
interest on the amount paid by the Issuing Bank in respect of each such honored drawing from the date such drawing is honored to but excluding the date such amount is reimbursed by or on behalf of the Borrower at a rate equal to (i) for the
period from the date such drawing is honored to but excluding the applicable Reimbursement Date, the rate of interest otherwise payable hereunder with respect to Revolving Loans that are ABR Loans, and (ii) thereafter, a rate which is 2% per
annum in excess of the rate of interest otherwise payable hereunder with respect to Revolving Loans that are ABR Loans or Eurodollar Loans (as applicable). 

(f)    All interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed by
reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days
elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate or Adjusted LIBO Rate shall be determined by the Administrative Agent or the Issuing Bank, as the case may be, and such determination shall be
conclusive absent manifest error. 
 Section 2.11    Alternate Rate of Interest. (a) If on or prior to
the commencement of any Interest Period for a Eurodollar Borrowing: 
 (i)    the Administrative Agent determines (which
determination shall be conclusive absent manifest error) that, by reason of circumstances affecting the London interbank eurodollar market, the Adjusted LIBO Rate cannot be determined pursuant to the definition thereof; or 

(ii)    the Required Lenders determine that for any reason in connection with any request for a Eurodollar Loan or a
conversion thereto or a continuation thereof that (x) dollar deposits are not being offered to banks in the London interbank Eurodollar market for the applicable amount and Interest Period of such Eurodollar Loan or (y) that the Adjusted
LIBO Rate for such Interest Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its Loan) included in such Borrowing for such Interest Period, 

  
 43 

 then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone or
telecopy as promptly as practicable thereafter and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the
conversion of any Borrowing to, or continuation of any Borrowing as, a Eurodollar Borrowing shall be ineffective, and (ii) if any Borrowing Request requests a Eurodollar Borrowing, such Borrowing shall be made as an ABR Borrowing. 

(b)    Notwithstanding anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark
Transition Event or an Early Opt-in Election, as applicable, the Administrative Agent and the Borrower may amend this Agreement to replace LIBOR with a Benchmark Replacement. Any such amendment with respect to
a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent has posted such proposed amendment to all Lenders and the Borrower so long as the Administrative Agent has not received, by such
time, written notice of objection to such amendment from Lenders comprising the Required Lenders; provided that with respect to any such amendment to replace the Adjusted LIBO Rate and LIBOR with a SOFR-Based Rate, such Lenders shall not be
entitled to object to any SOFR-Based Rate contained in such amendment (and may only object to the Benchmark Replacement Adjustment). Any such amendment with respect to an Early Opt-in Election will become
effective on the date that Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders accept such amendment. No replacement of LIBOR with a Benchmark Replacement pursuant to this
clause (b) will occur prior to the applicable Benchmark Transition Start Date. 
 (i)    In connection with the
implementation of a Benchmark Replacement, the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any
amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement. 

(ii)    The Administrative Agent will promptly notify the Borrower and the Lenders of (i) any occurrence of a
Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date and Benchmark Transition Start Date, (ii) the implementation of any Benchmark Replacement,
(iii) the effectiveness of any Benchmark Replacement Conforming Changes and (iv) the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Administrative Agent or
Lenders pursuant to this Section, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or
refrain from taking any action, will be conclusive and binding absent manifest error and may be in its or their sole discretion and without consent from any other party hereto, except, in each case, as expressly required pursuant to this Section.

 (iii)    Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the
Borrower may revoke any request for a Eurodollar 

  
 44 

 
Borrowing of, conversion to or continuation of Eurodollar Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to
have converted any such request into a request for a Borrowing of or conversion to ABR Loans. During any Benchmark Unavailability Period, the component of ABR based upon LIBOR will not be used in any determination of ABR. 

(c)    If any Lender determines that any law has made it unlawful, or that any Governmental Authority has asserted that it
is unlawful, for any Lender or its applicable lending office to make, maintain, or fund Loans whose interest is determined by reference to the Adjusted LIBO Rate, or to determine or charge interest rates based upon the Adjusted LIBO Rate, or any
Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, dollars in the London interbank market, then, upon notice thereof by such Lender to the Borrower (through the
Administrative Agent), (a) any obligation of such Lender to make or continue Eurodollar Loans or to convert ABR Loans to Eurodollar Loans shall be suspended, and (b) if such notice asserts the illegality of such Lender making or
maintaining ABR Loans the interest rate on which is determined by reference to the Adjusted LIBO Rate component of the ABR, the interest rate on which ABR Loans of such Lender shall, if necessary to avoid such illegality, be determined by the
Administrative Agent without reference to the Adjusted LIBO Rate component of the ABR, in each case until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon
receipt of such notice, (i) the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all Eurodollar Loans of such Lender to ABR Loans (the interest rate on which ABR Loans of
such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Adjusted LIBO Rate component of the ABR), either on the last day of the Interest Period therefor, if such Lender may
lawfully continue to maintain such Eurodollar Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Loans and (ii) if such notice asserts the illegality of such Lender determining or charging
interest rates based upon the Adjusted LIBO Rate, the Administrative Agent shall during the period of such suspension compute the ABR applicable to such Lender without reference to the Adjusted LIBO Rate component thereof until the Administrative
Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon the Adjusted LIBO Rate. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on
the amount so prepaid or converted, together with any additional amounts required pursuant to Section 2.13. 

Section 2.12    Increased Costs.    (a) If any Change in Law shall: 

(i)    impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar
requirement against assets of, deposits with or for the account of, or credit extended by, any Lender or the Issuing Bank (except any such reserve requirement reflected in the Adjusted LIBO Rate); 

(ii)    subject any Recipient of any payment to be made by or on account of any obligation of the Borrower hereunder, to
any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit,

  
 45 

 
commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or 

(iii)    impose on any Lender, the Issuing Bank or the London interbank market any other condition, cost or expense (other
than Taxes) affecting this Agreement or Eurodollar Loans made by such Lender or the Issuing Bank; and the result of any of the foregoing shall be to increase the cost to such Lender or the Issuing Bank of making, continuing, converting to or
maintaining any Loan (or of maintaining its obligation to make any such Loan) or issue, renew, amend or maintain in place a Letter of Credit, as the case may be, or to reduce the amount of any sum received or receivable by such Lender hereunder or
the Issuing Bank (whether of principal, interest or otherwise), then the Borrower will pay to such Recipient such additional amount or amounts as will compensate such Recipient for such additional costs incurred or reduction suffered. 

(b)    If any Lender determines that any Change in Law regarding capital adequacy or liquidity requirements has or would
have the effect of reducing the rate of return on such Lender’s or the Issuing Bank’s capital or on the capital of such Lender’s or the Issuing Bank’s holding company, if any, as a consequence of this Agreement, the Commitments
hereunder or the Loans made by such Lender or the Letter of Credit issued by the Issuing Bank to a level below that which such Lender or such Lender’s holding company or the Issuing Bank’s holding company could have achieved but for such
Change in Law (taking into consideration such Lender’s or the Issuing Bank’s policies and the policies of such Lender’s or the Issuing Bank’s holding company with respect to capital adequacy or liquidity requirements), then from
time to time the Borrower will pay to such Lender or the Issuing Bank such additional amount or amounts as will compensate such Lender or such Lender’s holding company for any such reduction suffered. 

(c)    A certificate of a Lender or the Issuing Bank setting forth in reasonable detail the amount or amounts necessary to
compensate such Lender or its respective holding company, as the case may be, as specified in paragraph (a) or (b) of this Section shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such
Lender or the Issuing Bank the amount shown as due on any such certificate within 10 days after receipt thereof. 

(d)    Failure or delay on the part of any Lender or the Issuing Bank to demand compensation pursuant to this Section
shall not constitute a waiver of such Lender’s or the Issuing Bank’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender pursuant to this Section for any increased costs or
reductions incurred more than 180 days prior to the date that such Lender or the Issuing Bank notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or the Issuing Bank’s intention
to claim compensation therefore; provided, further, that, if the Change in Law giving rise to such increased costs or reductions is retroactive (or has retroactive effect), then the 180-day
period referred to above shall be extended to include the period of retroactive effect thereof. 

Section 2.13    Break Funding Payments. In the event of (a) the payment or prepayment of any principal of
any Eurodollar Loan other than on the last day of an Interest Period 

  
 46 

 
applicable thereto (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise), (b) the conversion of any Eurodollar Loan other than on the last day of the Interest Period
applicable thereto, (c) the failure to borrow, convert, continue or prepay any Eurodollar Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked under
Section 2.08(b) and is revoked in accordance therewith), or (d) the assignment of any Eurodollar Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Borrower
pursuant to Section 2.16, then, in any such event, the Borrower shall compensate each Lender for the loss, cost and expense attributable to such event. In the case of a Eurodollar Loan, such loss, cost or expense to any
Lender shall be deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest which would have accrued on the principal amount of such Loan had such event not occurred, at the Adjusted LIBO Rate
that would have been applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that would have been
the Interest Period for such Loan), over (ii) the amount of interest which would accrue on such principal amount for such period at the interest rate which such Lender would bid were it to bid, at the commencement of such period, for dollar
deposits of a comparable amount and period from other banks in the eurodollar market. A certificate of any Lender setting forth in reasonable detail any amount or amounts that such Lender is entitled to receive pursuant to this Section shall be
delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 

Section 2.14    Taxes. (a) For purposes of this Section 2.14, applicable law
includes FATCA. Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be made free and clear of and without deduction or withholding for any Taxes, except as required by law. If any applicable law
(as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall make such deduction or
withholding and timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law and, if such Tax is an Indemnified Tax, then the sum payable by the applicable Loan Party shall be increased as
necessary so that after making such deduction or withholding for Indemnified Taxes (including such deductions and withholdings for Indemnified Taxes applicable to additional sums payable under this Section) the applicable Recipient receives an
amount equal to the sum it would have received had no such deduction or withholding for Indemnified Taxes been made. 

(b)    In addition, the Loan Parties shall timely pay any Other Taxes to the relevant Governmental Authority in accordance
with applicable law, or at the option of the Administrative Agent timely reimburse it for the payment of any such Other Taxes. 

(c)    The Loan Parties shall jointly and severally indemnify the Administrative Agent and each Lender, within 10 days
after demand therefor, for the full amount of any Indemnified Taxes paid by the Administrative Agent or payable by such Lender, as the case may be, or required to be withheld or deducted from any payment by or on account of any obligation of the
Borrower hereunder (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section) and any reasonable expenses arising therefrom or with 

  
 47 

 
respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or
liability delivered to the Borrower by a Lender, or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. 

(d)    Each Lender shall severally indemnify the Administrative Agent, within 10 days after demand therefor, for
(i) any Indemnified Taxes attributable to such Lender (but only to the extent that the Loan Parties have not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Borrower to do so),
(ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 9.04 relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in
each case, that are paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and
apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this paragraph
(d). 
 (e)    As soon as practicable after any payment of Indemnified Taxes or Other Taxes by any Loan Party to a
Governmental Authority, such Loan Party shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other
evidence of such payment reasonably satisfactory to the Administrative Agent. 
 (f)    Any Foreign Lender, if it is
legally entitled to do so shall deliver to the Borrower and the Administrative Agent (in such number of copies as shall be required by law or requested by the Borrower and the Administrative Agent) on or prior to the date on which such Foreign
Lender becomes a Lender under this Agreement (and from time to time thereafter as required by law or upon the reasonable request of the Borrower or the Administrative Agent, but only if such Foreign Lender is legally entitled to do so), whichever of
the following is applicable: 
 (i)    executed originals of IRS Form W-8BEN or W-8BEN-E, as applicable, claiming eligibility for benefits of an income tax treaty to which the United States of America is a party; 

(ii)    executed originals of Internal Revenue Service Form W-8ECI; 

(iii)    in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under
Section 881(c) of the Code, (x) a certificate to the effect that such Foreign Lender is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the
Borrower within the meaning of Section 871(h)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code and (y) executed originals of IRS Form W-8BEN or W-8BEN-E, as applicable; 

  
 48 

 (iv)     to the extent a Foreign Lender is not the beneficial owner,
executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W8BEN or IRS Form
W-8BEN-E, as applicable, a portfolio interest certificate completed in accordance with Section 2.14(f)(iii), IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are
claiming the portfolio interest exemption, such Foreign Lender may provide a portfolio interest certificate completed in accordance with Section 2.14(f)(iii) on behalf of such direct or indirect partner or partners; or 

(v)    any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in United States
federal withholding tax duly completed together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower to determine the withholding or deduction required to be made, unless, in the Foreign Lender’s
sole determination exercised in good faith, such completion would subject such Foreign Lender to any material cost or expense or would materially prejudice the legal or commercial position of such Foreign Lender. 

In addition, any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or prior to the date on which such
Lender becomes a Lender under this Agreement (and from time to time thereafter as required by law or upon the reasonable request of the Borrower or the Administrative Agent), executed originals of IRS Form W-9
certifying that such Lender is exempt from U.S. federal backup withholding. In addition, each Lender shall deliver such forms promptly upon the obsolescence or invalidity of any form previously delivered by such Lender. 

(g)    If a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by
FATCA if such Lender failed to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative
Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the
Code) and such other documentation reasonably requested by the Borrower and the Administrative Agent sufficient for the Administrative Agent and the Borrower to comply with their obligations under FATCA and to determine that such Lender has complied
with such applicable reporting requirements or to determine the amount to deduct and withhold from such payment. Solely for purposes of this paragraph (g), “FATCA” shall include any amendments made to FATCA after the date of this
Agreement. 
 (h)    If any party determines, in its sole discretion exercised in good faith, that it has received a
refund of any Taxes as to which it has been indemnified pursuant to this Section (including by the payment of additional amounts pursuant to this Section), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent
of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such
indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); 

  
 49 

 
provided, however, that (w) any Lender or the Administrative Agent may determine, in its sole discretion exercised in good faith consistent with the policies of such Lender or the
Administrative Agent, whether to seek a refund for any Taxes; (x) any Taxes that are incurred by a Lender or the Administrative Agent as a result of a disallowance or reduction of any Tax refund with respect to which such Lender or the
Administrative Agent has made a payment to the Loan Party pursuant to this Section shall be treated as an Indemnified Tax for which the Loan Party is obligated to indemnify such Lender or the Administrative Agent pursuant to this Section without any
exclusions or defenses; (y) nothing in this Section shall require the Lender or the Administrative Agent to disclose any confidential information to a Loan Party (including, without limitation, its tax returns); and (z) neither any Lender
nor the Administrative Agent shall be required to pay any amounts pursuant to this Section for so long as a Default or Event of Default exists. Notwithstanding anything to the contrary in this paragraph (h), in no event will the indemnified
party be required to pay any amount to an indemnifying party pursuant to this paragraph (h), the payment of which would place the indemnified party in a less favorable net after-Tax position than the
indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never
been paid. 
 (i)    For all purposes of this Section 2.14, the term “Lender”
includes and shall apply equally to the benefit of the Issuing Bank. 
 (j)    Each party’s obligations under this
Section shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations
under any Loan Document. 
 Section 2.15    Payments Generally; Pro Rata Treatment; Sharing of Set.
(a) The Borrower shall make each payment required to be made by it hereunder (whether of principal, interest or fees, or of amounts payable under Sections 2.12, 2.13 or 2.14, or otherwise) prior to 12:00 noon, New York City
time, on the date when due, in immediately available funds, without set off or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding
Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its Principal Office and except that payments pursuant to Sections 2.12, 2.13 or 2.14 and
Section 9.03 shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly
following receipt thereof. If any payment or performance hereunder shall be due on a day that is not a Business Day, the date for payment or performance shall be extended to the next succeeding Business Day, and, in the case of any payment accruing
interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in dollars. 

(b)    If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all
amounts of principal, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest
and fees 

  
 50 

 
then due to such parties, and (ii) second, towards payment of principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to
such parties. 
 (c)    If any Lender shall, by exercising any right of set off or counterclaim or otherwise, obtain
payment in respect of any principal of or interest on any of its Loans resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans and accrued interest thereon than the proportion received by any other
applicable Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the applicable Loans of other applicable Lenders to the extent necessary so that the benefit of all such payments shall be
shared by the applicable Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective applicable Loans; provided that (i) if any such participations are purchased and all or any portion
of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not be construed to apply
to any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender) or any payment obtained by a Lender as consideration
for the assignment of or sale of a participation in any of its Loans to any assignee or participant, other than to the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply). The Borrower consents
to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of
set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. 

(d)    Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment
is due to the Administrative Agent for the account of the Lenders hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in
reliance upon such assumption, distribute to the applicable Lenders the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders severally agrees to repay to the Administrative Agent forthwith on demand
the amount so distributed to such Lender with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective
Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

(e)    If any Lender shall fail to make any payment required to be made by it pursuant to
Section 2.04(b) or paragraph (d) of this Section, then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative
Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. 

Section 2.16    Mitigation Obligations; Replacement of Lenders. (a) If any Lender requests compensation
under Section 2.12, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to 

  
 51 

 
Section 2.14, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights
and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.12 or
Section 2.14, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay
all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 

(b)    If (i) any Lender requests compensation under Section 2.12 or the Borrower is
required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.14 and, in each case, such Lender has declined or is unable to designate a different
lending office in accordance with paragraph (a) of this Section or (ii) any Lender is a Defaulting Lender or a Non-Consenting Lender, then the Borrower may, at its sole expense and effort, upon
notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 9.04), all its interests, rights and
obligations under this Agreement and the other Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that (i) the Borrower shall have
received the prior written consent of the Administrative Agent, which consent shall not unreasonably be withheld, (ii) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans, accrued interest
thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents, from the assignee (to the extent of such outstanding principal and accrued interest and fees so assigned) or the Borrower (in the case of all
other amounts so assigned), (iii) in the case of any such assignment resulting from a claim for compensation under Section 2.12 or payments required to be made pursuant to Section 2.14, such
assignment will result in a reduction in such compensation or payments, (iv) such assignment does not conflict with applicable law and (v) in the case of any assignment resulting from a Lender becoming a
Non-Consenting Lender, (x) the applicable assignee shall have consented to, or shall consent to, the applicable amendment, waiver or consent and (y) the Borrower exercises its rights pursuant to this
clause (b) with respect to all Non-Consenting Lenders relating to the applicable amendment, waiver or consent. A Lender shall not be required to make any such assignment or delegation if, prior thereto,
as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 

Section 2.17    Defaulting Lenders. (a) Notwithstanding anything to the contrary contained in this
Agreement, if any Lender becomes a Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 

(i)    Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this
Agreement shall be restricted as set forth in the definition of Required Lenders and in Section 9.02. 

(ii)    Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of
such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article 7 or otherwise) or received by the 

  
 52 

 
Administrative Agent from a Defaulting Lender pursuant to Section 9.08 shall be applied at such time or times as may be determined by the Administrative Agent as
follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to the Issuing Bank
hereunder; third, to Cash Collateralize the Issuing Banks’ Revolving Exposure with respect to such Defaulting Lender in accordance with Section 2.20(i); fourth, as the Borrower may request (so long as no
Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so
determined by the Administrative Agent and the Borrower, to be held in a non-interest bearing deposit account and released pro rata in order to satisfy (x) such Defaulting Lender’s potential future
funding obligations with respect to Loans under this Agreement and (y) Cash Collateralize the Issuing Banks’ future Revolving Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued under this
Agreement, in accordance with the procedures set forth in Section 2.20(i); sixth, to the payment of any amounts owing to the Lenders or the Issuing Bank as a result of any judgment of a court of competent
jurisdiction obtained by any Lender or the Issuing Bank against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to
the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under
this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or Letter of Credit
Disbursements in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans, and funded and unfunded participations in Letters of Credit, were made when the conditions set forth in
Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans and Letter of Credit Disbursements to all Non-Defaulting Lenders on a pro rata basis prior
to being applied to the payment of any Loans or Letter of Credit Disbursements of such Defaulting Lender until such time as all Loans and funded and unfunded participations in Letter of Credit Obligations, without giving effect to
Section 2.17(a)(iv), are held by the Lenders pro rata in accordance with the Commitments without giving effect to Section 2.17(a)(iv). Any payments, prepayments or other amounts paid or payable to
a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender pursuant to this Section shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii)    (A) No Defaulting Lender shall be entitled to receive any commitment fee pursuant to
Section 2.09 for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender).

 (B)    With respect to any Commitment Fee or Letter of Credit Fee not required to be paid to any
Defaulting Lender pursuant to clause (A) above, the Borrower shall (x) pay to each Non-Defaulting 

  
 53 

 
Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in Letters of Credit that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to each Issuing Bank the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such Issuing Bank’s
Revolving Exposure to such Defaulting Lender, and (z) not be required to pay the remaining amount of any such fee. 

(iv)    (A) Reallocation of Participations to Reduce Revolving Exposure. All or any part of such Defaulting
Lender’s participation in Letters of Credit shall be reallocated among the Non-Defaulting Lenders that are Revolving Lenders in accordance with their respective Applicable Percentages (calculated without
regard to such Defaulting Lender’s Revolving Commitment) but only to the extent that such reallocation does not cause the Total Exposure of any such Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Commitment. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having
become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such
reallocation. 
 (B)    if the reallocation described in clause (A) above cannot, or can only
partially, be effected, the Borrower shall within one Business Day following notice by the Administrative Agent Cash Collateralize for the benefit of the Issuing Bank only the Borrower’s obligations corresponding to such Defaulting
Lender’s Letter of Credit Usage (after giving effect to any partial reallocation pursuant to clause (A) above) in accordance with the procedures set forth in Section 2.20 for so long as such Letter of Credit Usage
is outstanding; 
 (C)    if the Borrower Cash Collateralizes any portion of such Defaulting
Lender’s Letter of Credit Usage pursuant to clause (A) above, the Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.09(a)(ii) with respect to such Defaulting
Lender’s Letter of Credit Usage during the period such Defaulting Lender’s Letter of Credit Usage is Cash Collateralized; 

(D)    if the Letter of Credit Usage of the non-Defaulting Lenders
is reallocated pursuant to clause (A) above, then the fees payable to the Revolving Lenders pursuant to Section 2.09(a)(ii) shall be adjusted in accordance with such
non-Defaulting Lenders’ Applicable Percentages; and 

(E)    if all or any portion of such Defaulting Lender’s Letter of Credit Usage is neither reallocated
nor cash collateralized pursuant to clause (A) or (B) above, then, without prejudice to any rights or remedies of the Issuing Bank or any other Lender hereunder, all fees payable under Section 2.09(a)(ii) with respect
to such Defaulting Lender’s Letter of 

  
 54 

 
Credit Usage shall be payable to the Issuing Bank until and to the extent that such Letter of Credit Usage is reallocated and/or Cash Collateralized. 

(b)    If the Borrower, the Administrative Agent and the Issuing Bank agree in writing that a Lender is no longer a
Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any Cash
Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Revolving Loans of the other Revolving Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the
Revolving Loans and funded and unfunded participations in Letters of Credit to be held on a pro rata basis by the Revolving Lenders in accordance with their respective Applicable Percentages, without giving effect to
Section 2.17(a)(iv), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower
while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of
any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

Section 2.18    Incremental Facilities(a) . (a) Pursuant to the terms and subject to the conditions hereof,
after the Eighth Amendment Effective Date, the Borrower may request, from any Lender or any New Lender, with at least 10 Business Days’ (or such shorter period as may be agreed by the Administrative Agent) prior written notice to the
Administrative Agent, (i) new term loans under one or more new term loan credit facilities to be included in this Agreement (the “New Term Loan”) and/or (ii) increases in the amount of Revolving Commitments (any such new
commitments, collectively, the “New Revolving Commitments” and, any loans made thereunder, the “New Revolving Loans”, together with the New Term Loans, the “New Loans”), the proceeds of which, in
each case, may be used for general corporate purposes (such increase of the outstanding principal amount of the Loans or Commitments, a “Facility Increase”). 

(b)    The terms of such New Term Loans, the New Revolving Commitments or New Revolving Loans, as the case may be, shall
be determined by the Borrower and the applicable Lenders or New Lenders providing such New Loans or New Revolving Commitments; provided, that: 

(i)    such New Term Loans shall (A) have a final maturity no earlier than the Latest Maturity Date
and a Weighted Average Life to Maturity no shorter than the remaining Weighted Average Life to Maturity of any existing Series of Term Loans; (B) have Applicable Rates and amortization schedules determined by the Borrower and the Lenders or New
Lenders with respect thereto; and (C) otherwise be on terms, to the extent not identical to the terms of the initial Term Loans, reasonably satisfactory to the Administrative Agent and the Borrower; and 

(ii)    such New Revolving Commitments and New Revolving Loans shall be identical to the Revolving
Commitments and the Revolving Loans. 

  
 55 

 (c)    In connection with any Facility Increase after the Eighth
Amendment Effective Date, such Facility Increase (when aggregated with any outstanding New Loans or New Revolving Commitments) shall be in an aggregate principal amount not in excess of $200,000,000; provided, that each request for New
Loans or New Revolving Commitments shall be for a minimum amount of the lesser of (x) $5,000,000 and (y) the entire amount that may be requested under this Section 2.18(c). 

(d)    The terms of any New Loans shall be established pursuant to an amendment to this Agreement and, as appropriate, the
other Loan Documents, executed by the Borrower, each applicable Lender or New Lender providing such New Loans and the Administrative Agent (each such amendment, an “Incremental Amendment”). Each such Incremental Amendment and all
other documentation in respect of such New Loans shall be reasonably satisfactory to the Administrative Agent and the Borrower. The Administrative Agent and the Borrower shall determine the effective date (the “Incremental Effective
Date”) of such Incremental Amendment, which shall be promptly notified to the Lenders. Upon the Incremental Effective Date, each applicable Lender or New Lender providing any Incremental Loan shall become a “Lender”, and such
Incremental Loan shall be a “Loan” for all purposes of this Agreement and the other Loan Documents. The Borrower and Administrative Agent shall agree to such procedures, if any, as are necessary to accomplish the purposes of this
Section 2.18. 
 (e)    No Lender shall be obligated to provide any New Loans or unless it so
agrees in its sole discretion. The Administrative Agent may elect or decline to arrange any New Loans in its sole discretion. 

(f)    The repayment (other than in connection with a scheduled repayment or a repayment at maturity) and the prepayment
of any New Term Loans shall be made on a pro rata basis with all other outstanding Term Loans and the repayment (other than in connection with a repayment at maturity) and the prepayment of any New Revolving Loans shall be made on a pro rata basis
with all other outstanding Revolving Loans; provided, that if the applicable Lenders providing such New Loans so agree, such Lenders may participate on a less than pro rata basis in any repayment or prepayment hereunder. On any Incremental
Effective Date, subject to the satisfaction of the terms and conditions set forth in this Section 2.18, (i) each of the existing Revolving Lenders shall assign to each of the New Revolving Lenders, and each of the New
Revolving Lenders shall purchase from each of the existing Revolving Lenders, at the principal amount thereof (together with accrued interest), such interests in the New Revolving Commitments outstanding on such Incremental Effective Date as shall
be necessary in order that, after giving effect to all such assignments and purchases, the Revolving Commitments will be held by existing Revolving Lenders and New Revolving Lenders ratably after giving effect to the addition of such New Revolving
Commitments to the Revolving Commitments. 
 (g)    No Incremental Amendment shall become effective unless all of the
following conditions are met: 
 (i)    Each of the conditions precedent set forth in
Section 4.02 are satisfied as of the date of such Incremental Amendment (including the condition that as of the date of such Incremental Amendment, no event shall have occurred and be continuing or would result from
the consummation of such Incremental Amendment that would constitute a Default or an Event of Default); 

  
 56 

 (ii)    each Incremental Amendment shall contain a
representation and warranty by the Borrower that the representations and warranties of (A) the Borrower contained in Article 3 and (B) each Loan Party contained in each other Loan Document or in any
document furnished at any time under or in connection herewith or therewith are true and correct in all material respects (without duplication of any materiality qualifier contained therein) on and as of the effective date of such Incremental
Amendment, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date; 

(iii)    the Loan Parties shall reaffirm their respective obligations under the Collateral Documents
pursuant to an agreement reasonably satisfactory to the Administrative Agent; 
 (iv)    if requested by
the Administrative Agent, constituent documents of the Loan Parties, resolutions (or equivalent authorization) of each Loan Party’s board of directors (or equivalent body) or shareholders (or equivalent), as applicable, approving such
Incremental Amendment shall be delivered to the Administrative Agent and an opinion or opinions of counsel reasonably satisfactory to the Administrative Agent as to the enforceability of the Incremental Amendment, this Agreement as amended thereby
and such of the other Loan Documents (if any) as may be amended thereby; and 
 (v)    the Borrower, the
Administrative Agent and each applicable Lender shall execute and deliver to the Administrative Agent any documentation as the Administrative Agent shall reasonably specify to evidence the transaction contemplated by such Incremental Amendment. 

Section 2.19    [Reserved]. 

Section 2.20    Letters of Credit. 

(a)    Letters of Credit. During the Availability Period, subject to the terms and conditions hereof, the Issuing
Bank agrees to issue Letters of Credit (or amend, renew or extend an outstanding Letter of Credit) for the account of the Borrower in the aggregate amount up to but not exceeding the Letter of Credit Sublimit; provided (i) the stated
amount of each Letter of Credit shall not be less than $100,000 or such lesser amount as is acceptable to the Issuing Bank; (ii) after giving effect to such issuance, in no event shall the Aggregate Total Exposure exceed the Revolving
Commitments then in effect; (iii) after giving effect to such issuance, in no event shall the Letter of Credit Usage exceed the Letter of Credit Sublimit then in effect and (iv) in no event shall any Letter of Credit have an expiration
date later than the earlier of (A) the fifth Business Day prior to the Revolving Maturity Date and (B) the date which is twelve months from the original date of issuance of such Letter of Credit. Subject to the foregoing, the Issuing Bank
may agree that a standby Letter of Credit will automatically be extended for one or more successive periods not to exceed one year each, unless the Issuing Bank elects not to extend for any such additional period and provides notice to that effect
to the Borrower; provided the Issuing Bank shall not extend any such Letter of Credit if it has received written notice that an Event of Default has occurred and is continuing at the time Issuing Bank must elect to allow such extension;
provided, further, if any Revolving Lender is a Defaulting Lender, the Issuing Bank shall not be required to issue any Letter of Credit unless the Issuing Bank has entered into 

  
 57 

 
arrangements satisfactory to it and the Borrower to eliminate Issuing Bank’s risk with respect to the participation in Letters of Credit of the Defaulting Lender, including by Cash
Collateralizing such Defaulting Lender’s Pro Rata Share of the Letter of Credit Usage. 
 (b)    Notice of
Issuance. Whenever the Borrower desires the issuance of a Letter of Credit, it shall deliver to each of the Administrative Agent and the Issuing Bank an Application no later than 12:00 p.m. (New York City time) at least five Business Days in
advance of the proposed date of issuance or such shorter period as may be agreed to by the Issuing Bank in any particular instance. Such Application shall be accompanied by documentary and other evidence of the proposed beneficiary’s identity
as may reasonably be requested by the Issuing Bank to enable the Issuing Bank to verify the beneficiary’s identity or to comply with any applicable laws or regulations, including, without limitation, the USA Patriot Act or as otherwise
customarily requested by the Issuing Bank. Upon satisfaction or waiver of the conditions set forth in Section 4.02, the Issuing Bank shall issue the requested Letter of Credit only in accordance with the Issuing Bank’s
standard operating procedures. Upon the issuance of any Letter of Credit or amendment or modification to a Letter of Credit, the Issuing Bank shall promptly notify the Administrative Agent, and the Administrative Agent shall promptly notify each
Lender with a Revolving Commitment of such issuance, which notice shall be accompanied by a copy of such Letter of Credit or amendment or modification to a Letter of Credit and the amount of such Lender’s respective participation in such Letter
of Credit pursuant to Section 2.20(e). 
 (c)    Responsibility of the Issuing Bank With
Respect to Requests for Drawings and Payments. In determining whether to honor any drawing under any Letter of Credit by the beneficiary thereof, the Issuing Bank shall be responsible only to accept the documents delivered under such Letter of
Credit that appear on their face to be in accordance with the terms and conditions of such Letter of Credit without responsibility for further investigation, regardless of any notice or information to the contrary. As between the Borrower and the
Issuing Bank, the Borrower assumes all risks of the acts and omissions of, or misuse of the Letters of Credit issued by the Issuing Bank, by the respective beneficiaries of such Letters of Credit; provided, however, the foregoing does
not limit any of the Borrower’s rights against such beneficiary. In furtherance and not in limitation of the foregoing, the Issuing Bank shall not be responsible for: (i) the form, validity, sufficiency, accuracy, genuineness or legal
effect of any document submitted by any party in connection with the application for and issuance of any such Letter of Credit, even if it should in fact prove to be in any or all respects invalid, insufficient, inaccurate, fraudulent or forged;
(ii) the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign any such Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be
invalid or ineffective for any reason; (iii) failure of the beneficiary of any such Letter of Credit to comply fully with any conditions required in order to draw upon such Letter of Credit; (iv) errors, omissions, interruptions or delays
in transmission or delivery of any messages, by mail, cable, telegraph, telex or otherwise, whether or not they be in cipher; (v) errors in interpretation of technical terms; (vi) any loss or delay in the transmission or otherwise of any
document required in order to make a drawing under any such Letter of Credit or of the proceeds thereof; (vii) the misapplication by the beneficiary of any such Letter of Credit of the proceeds of any drawing under such Letter of Credit; or
(viii) any consequences arising from causes beyond the control of the Issuing Bank, including any Governmental Acts; none of the above shall affect or impair, or prevent the vesting 

  
 58 

 
of, any of the Issuing Bank’s rights or powers hereunder. Without limiting the foregoing and in furtherance thereof, any action taken or omitted by the Issuing Bank under or in connection
with the Letters of Credit or any documents and certificates delivered thereunder, if taken or omitted in good faith, shall not give rise to any liability on the part of the Issuing Bank to the Borrower. Notwithstanding anything to the contrary
contained in this Section 2.20(c), the Borrower shall retain any and all rights it may have against the Issuing Bank for any liability arising solely out of the gross negligence or willful misconduct of the Issuing Bank as
determined by a final, non-appealable judgment of a court of competent jurisdiction. 

(d)    Reimbursement by the Borrower of Amounts Drawn or Paid Under Letters of Credit. In the event the Issuing
Bank has determined to honor a drawing under a Letter of Credit, it shall immediately notify the Borrower and the Administrative Agent, and the Borrower shall reimburse the Issuing Bank on or before the Business Day immediately following the date on
which such drawing is honored (the “Reimbursement Date”) in an amount in immediately available funds equal to the amount of such honored drawing. If the Borrower fails to timely reimburse the Issuing Bank on the Reimbursement Date,
the Administrative Agent shall promptly notify each Revolving Lender of the Reimbursement Date, the amount of the unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Revolving Lender’s Applicable Percentage
thereof. In such event, the Borrower shall be deemed to have requested Revolving Loans that are ABR Loans to be disbursed on the Reimbursement Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified
in Section 2.02 for the principal amount of ABR Loans, but subject to the amount of the unutilized portion of the Revolving Commitments and the conditions set forth in Section 4.02 (other than the
delivery of a Borrowing Request). Any notice given by the Issuing Bank or the Administrative Agent pursuant to this Section 2.20(d) may be given by telephone if immediately confirmed in writing; provided that the
lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice. Anything contained herein to the contrary notwithstanding, (i) unless the Borrower shall have notified the Administrative Agent and
Issuing Bank prior to 1:00 p.m. (New York City time) on the date such drawing is honored that the Borrower intends to reimburse the Issuing Bank for the amount of such honored drawing with funds other than the proceeds of Revolving Loans, the
Borrower shall be deemed to have given a timely Borrowing Request to the Administrative Agent requesting Revolving Lenders with Revolving Commitments to make Revolving Loans that are ABR Loans on the Reimbursement Date in an amount equal to the
amount of such honored drawing, and (ii) subject to satisfaction or waiver of the conditions specified in Section 4.02, Revolving Lenders with Revolving Commitments shall, on the Reimbursement Date, make Revolving
Loans that are ABR Loans in the amount of such honored drawing, the proceeds of which shall be applied directly by the Administrative Agent to reimburse the Issuing Bank for the amount of such honored drawing; and provided, further, if
for any reason proceeds of Revolving Loans are not received by the Issuing Bank on the Reimbursement Date in an amount equal to the amount of such honored drawing, the Borrower shall reimburse the Issuing Bank, on demand, in an amount in immediately
available funds equal to the excess of the amount of such honored drawing over the aggregate amount of such Revolving Loans, if any, which are so received. Nothing in this Section 2.20(d) shall be deemed to relieve any
Revolving Lender with a Revolving Commitment from its obligation to make Revolving Loans on the terms and conditions set forth herein, and the Borrower shall retain any and all rights it may have against any such Revolving Lender

  
 59 

 
resulting from the failure of such Revolving Lender to make such Revolving Loans under this Section 2.20(d). 

(e)    Lenders’ Purchase of Participations in Letters of Credit. Immediately upon the issuance of each Letter
of Credit, each Revolving Lender having a Revolving Commitment shall be deemed to have purchased, and hereby agrees to irrevocably purchase, from the Issuing Bank a participation in such Letter of Credit and any drawings honored thereunder in an
amount equal to such Revolving Lender’s Pro Rata Share (with respect to the Revolving Commitments) of the maximum amount which is or at any time may become available to be drawn thereunder. In the event that the Borrower shall fail for any
reason to reimburse the Issuing Bank as provided in Section 2.20(d), the Issuing Bank shall promptly notify each Revolving Lender with a Revolving Commitment of the unreimbursed amount of such honored drawing and of such
Revolving Lender’s respective participation therein based on such Revolving Lender’s Pro Rata Share of the Revolving Commitments. Each Revolving Lender with a Revolving Commitment shall make available to the Administrative Agent, for the
account of the Issuing Bank, an amount equal to its respective participation, and in immediately available funds, no later than 12:00 p.m. (New York City time) on the first Business Day (under the laws of the jurisdiction in which the Principal
Office of the Administrative Agent is located) after the date notified by the Issuing Bank. In the event that any Revolving Lender with a Revolving Commitment fails to make available to the Administrative Agent on such Business Day the amount of
such Revolving Lender’s participation in such Letter of Credit as provided in this Section 2.20(e), the Issuing Bank shall be entitled to recover such amount on demand from such Revolving Lender together with interest
thereon for three Business Days at the rate customarily used by the Issuing Bank for the correction of errors among banks and thereafter at the Alternate Base Rate. Nothing in this Section 2.20(e) shall be deemed to
prejudice the right of any Revolving Lender with a Revolving Commitment to recover from Issuing Bank any amounts made available by such Revolving Lender to the Issuing Bank pursuant to this Section 2.20 in the event that
the payment with respect to a Letter of Credit in respect of which payment was made by such Revolving Lender constituted gross negligence or willful misconduct (as determined by a final, non-appealable
judgment of a court of competent jurisdiction) on the part of Issuing Bank. In the event the Issuing Bank shall have been reimbursed by other Revolving Lenders pursuant to this Section 2.20(e) for all or any portion of any
drawing honored by the Issuing Bank under a Letter of Credit, the Issuing Bank shall distribute to each Revolving Lender which has paid all amounts payable by it under this Section 2.20(e) with respect to such honored
drawing such Revolving Lender’s Pro Rata Share of all payments subsequently received by Issuing Bank from the Borrower in reimbursement of such honored drawing when such payments are received. Any such distribution shall be made to a Revolving
Lender at its primary address set forth below its name on the Administrative Questionnaire or at such other address as such Revolving Lender may request. 

(f)    Obligations Absolute. The obligation of the Borrower to reimburse the Issuing Bank for drawings honored
under the Letters of Credit issued by it and to repay any Revolving Loans made by Lenders pursuant to Section 2.20(d) and the obligations of Revolving Lenders under Section 2.20(e) shall be
unconditional and irrevocable and shall be paid strictly in accordance with the terms hereof under all circumstances including any of the following circumstances: (i) any lack of validity or enforceability of any Letter of Credit; (ii) the
existence of any claim, set off, defense or other right which the Borrower or any Lender may have at any 

  
 60 

 
time against a beneficiary or any transferee of any Letter of Credit (or any Persons for whom any such transferee may be acting), the Issuing Bank, Lender or any other Person or, in the case of a
Lender, against the Borrower, whether in connection herewith, the transactions contemplated herein or any unrelated transaction (including any underlying transaction between the Borrower or one of its Subsidiaries and the beneficiary for which any
Letter of Credit was procured); (iii) any draft or other document presented under any Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect;
(iv) payment by the Issuing Bank under any Letter of Credit against presentation of a draft or other document which does not substantially comply with the terms of such Letter of Credit; (v) any adverse change in the business, operations,
properties, assets, condition (financial or otherwise) or prospects of the Borrower or any Subsidiaries; (vi) any breach hereof or any other Loan Document by any party thereto; (vii) any other circumstance or happening whatsoever, whether
or not similar to any of the foregoing; or (viii) the fact that an Event of Default or a Default shall have occurred and be continuing. 

(g)    Indemnification. Without duplication of any obligation of the Borrower under
Section 9.03, in addition to amounts payable as provided herein, the Borrower hereby agrees to protect, indemnify, pay and save harmless the Issuing Bank from and against any and all claims, demands, liabilities, damages
and losses, and all reasonable and documented costs, charges and out-of-pocket expenses (including reasonable fees, out-of-pocket expenses and disbursements of one primary counsel (with exceptions for conflicts of interest) and one local counsel in each relevant jurisdiction), which the Issuing Bank may incur or be subject
to as a consequence, direct or indirect, of (A) the issuance of any Letter of Credit by the Issuing Bank, other than as a result of the gross negligence or willful misconduct of the Issuing Bank as determined by a final, non-appealable judgment of a court of competent jurisdiction, or (B) the failure of the Issuing Bank to honor a drawing under any such Letter of Credit as a result of any Governmental Act. 

(h)    Resignation and Removal of Issuing Bank. An Issuing Bank may resign as Issuing Bank upon 60 days prior
written notice to the Administrative Agent, the Lenders and the Borrower. An Issuing Bank may be replaced at any time by written agreement among the Borrower, the Administrative Agent, the replaced Issuing Bank (provided that no consent will
be required if the replaced Issuing Bank has no Letters of Credit or reimbursement obligations with respect thereto outstanding) and the successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of such
Issuing Bank. At the time any such replacement or resignation shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Bank. From and after the effective date of any such replacement or
resignation, (i) any successor Issuing Bank shall have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing
Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require. After the replacement or resignation of an Issuing Bank hereunder, the replaced
Issuing Bank shall remain a party hereto to the extent that Letters of Credit issued by it remain outstanding and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued
by it prior to such replacement or resignation, but shall not be required to issue additional Letters of Credit. 

  
 61 

 (i)    Cash Collateral. If any Event of Default shall occur and
be continuing, on the Business Day that the Borrower receives notice from the Administrative Agent or the Required Revolving Lenders (or, if the maturity of the Revolving Loans has been accelerated, Revolving Lenders with Letter of Credit Usage
representing greater than 50% of the total Letter of Credit Usage) demanding the deposit of Cash Collateral pursuant to this paragraph, the Borrower shall deposit in an account with the Administrative Agent, in the name of the Administrative Agent
and for the benefit of the Revolving Lenders, an amount in cash equal to the Agreed L/C Cash Collateral Amount plus any accrued and unpaid interest thereon; provided that the obligation to deposit such Cash Collateral shall become
effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Borrower described in
Section 7.01(h) or (i). Such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the Borrower under this Agreement. The Administrative Agent shall
have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the
Administrative Agent and at the Borrower’s risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Administrative
Agent to reimburse the Issuing Bank for any disbursements under Letters of Credit made by it and for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the
Borrower for the Letter of Credit Usage at such time or, if the maturity of the Revolving Loans has been accelerated (but subject to the consent of Revolving Lenders with Letter of Credit Usage representing greater than 50% of the total Letter of
Credit Usage), be applied to satisfy other obligations of the Borrower under this Agreement. If the Borrower is required to provide an amount of Cash Collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the
extent not applied as aforesaid) shall be returned to the Borrower within five Business Days after all Events of Default have been cured or waived. 

(j)    Application. To the extent that any provision of any Application related to any Letter of Credit is
inconsistent with the provisions of this Section 2.20, the provisions of this Section 2.20 shall apply. 

ARTICLE 3 

REPRESENTATIONS AND WARRANTIES 

The Borrower represents and warrants to the Lenders and the Issuing Bank that: 

Section 3.01    Organization; Powers. Each of the Borrower and its Subsidiaries is duly organized and validly
existing. Each of the Borrower and its Material Subsidiaries is (to the extent the concept is applicable in such jurisdiction) in good standing under the laws of the jurisdiction of its organization, has all requisite power and authority to carry on
its business as now conducted and, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, is qualified to do business in, and is in good standing in, every
jurisdiction where such qualification is required. 

  
 62 

 Section 3.02    Authorization; Enforceability. The
Transactions are within the Borrower’s and each Guarantor’s corporate or other organizational powers and have been duly authorized by all necessary corporate or other organizational and, if required, equity holder action. Each of the
Borrower and the Guarantors has duly executed and delivered each of the Loan Documents to which it is party, and each of such Loan Documents constitute its legal, valid and binding obligations, enforceable in accordance with its terms, subject to
applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

Section 3.03    Governmental Approvals; No Conflicts. The Transactions (a) do not require any consent or
approval of, registration or filing with, or any other action by, any Governmental Authority, except (i) such as have been obtained or made and are in full force and effect and (ii) those approvals, consents, registrations, filings or
other actions, the failure of which to obtain or make could not reasonably be expected to have a Material Adverse Effect, (b) except as could not reasonably be expected to have a Material Adverse Effect, will not violate any applicable law or
regulation or any order of any Governmental Authority, (c) will not violate any charter, by-laws or other organizational document of the Borrower or any of its Subsidiaries, (d) except as could not
reasonably be expected to have a Material Adverse Effect, will not violate or result in a default under any indenture, agreement (or other instrument (other than the agreements and instruments referred to in clause (c)) binding upon the Borrower or
any of its Subsidiaries or its assets, or give rise to a right thereunder to require any payment to be made by the Borrower or any of its Subsidiaries, and (e) will not result in the creation or imposition of any Lien on any asset of the
Borrower or any of its Subsidiaries (other than Liens created pursuant to the Collateral Documents). 

Section 3.04    Financial Condition; No Material Adverse Change. (a) The Borrower has heretofore
furnished to the Administrative Agent its consolidated balance sheet and statements of income, stockholders equity and cash flows (i) as of and for the fiscal years ended December 31, 2016, December 31, 2017 and December 31,
2018, reported on by Ernst & Young LLP, independent public accountants and (ii) as of and for the fiscal quarters ended March 31, 2019, June 30, 2019 and September 30, 2019 (certified by its chief financial officer).
Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of the Borrower and its consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP. 

(b)    Since December 31, 2018, no event, development or circumstance exists or has occurred that has had or could
reasonably be expected to have a material adverse effect on the business, property, financial condition or results of operations of the Borrower and its Subsidiaries, taken as a whole, or on the ability of the Borrower to consummate the
Transactions. 
 Section 3.05    Properties. (a) Each of the Borrower and its Subsidiaries has good
title to, or valid leasehold interests in or rights to use, all its real and personal property material to its business, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to
utilize such properties for their intended purposes. Such properties and assets are free and clear of Liens, other than Liens permitted by Section 6.02. 

  
 63 

 (b)    Each of the Borrower and its Subsidiaries owns, or is licensed to
use, all trademarks, trade names, copyrights, patents, software, domain names, trade secrets, know-how and other similar proprietary or intellectual property rights, including any registrations and
applications for registration of, and all goodwill associated with, the foregoing, material to or necessary to its business as currently conducted, and the operation of such business or the use of any of the foregoing intellectual property rights by
the Borrower and its Subsidiaries does not infringe upon, misappropriate, or otherwise violate the rights of any other Person, except for any such infringements, misappropriations, or violations that, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect. 
 (c)    As of the Eighth Amendment Effective Date,
Schedule 3.05 to the Disclosure Letter contains a true, accurate and complete list of all Material Real Estate Assets. 

Section 3.06    Litigation and Environmental Matters. (a) There are no actions, suits or proceedings by
or before any arbitrator or Governmental Authority pending against or, to the knowledge of the Borrower, threatened in writing against or affecting the Borrower or any of its Subsidiaries (i) that could reasonably be expected, individually or
in the aggregate, to result in a Material Adverse Effect or (ii) that involve this Agreement, any other Loan Document or the Transactions. 

(b)    Except with respect to any matter that, individually or in the aggregate, could not reasonably be expected to
result in a Material Adverse Effect, neither the Borrower nor any of its Subsidiaries (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any
Environmental Law, (ii) has become subject to any Environmental Liability, or (iii) has received notice of any claim with respect to any Environmental Liability. 

Section 3.07    Compliance with Laws and Agreements; No Default. Each of the Borrower and its Subsidiaries is
in compliance with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its property and all indentures, agreements and other instruments binding upon it or its property, except where the failure to do so,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is continuing. 

Section 3.08    Investment Company Status. None of the Borrower or any Subsidiary is or is required to be
registered as an “investment company” under the Investment Company Act of 1940. 

Section 3.09    Margin Stock. None of the Borrower or any Subsidiary is engaged in the business of extending
credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U issued by the Board), and no proceeds of any Loan or any Letter of Credit will be used to purchase or carry any margin stock or to extend credit to
others for the purpose of purchasing or carrying any margin stock in violation of Regulation U or Regulation X issued by the Board and all official rulings and interpretations thereunder or thereof. 

Section 3.10    Taxes. Except as could not reasonably be expected to result in a Material Adverse Effect,
(i) each of the Borrower and its Subsidiaries has timely filed or caused to be filed all Tax returns and reports required to have been filed with respect to income, properties or 

  
 64 

 
operations of the Borrower and its Subsidiaries, (ii) such returns accurately reflect in all material respects all liability for Taxes of the Borrower and its Subsidiaries as a whole for the
periods covered thereby and (iii) each of the Borrower and its Subsidiaries has paid or caused to be paid all Taxes required to have been paid by it, except Taxes that are being contested in good faith by appropriate proceedings and, to the
extent required by GAAP, for which the Borrower or such Subsidiary, as applicable, has set aside on its books adequate reserves in accordance with GAAP. 

Section 3.11    ERISA. (a) Schedule 3.11 to the Disclosure Letter sets forth each material Plan as of the
Eighth Amendment Effective Date. Each Plan is in compliance in form and operation with its terms and with ERISA and the Code (including without limitation the Code provisions compliance with which is necessary for any intended favorable tax
treatment) and all other applicable laws and regulations, except where any failure to comply could not reasonably be expected to result in a Material Adverse Effect (or, prior to a Qualifying IPO, any material liability). Each Plan (and each related
trust, if any) which is intended to be qualified under Section 401(a) of the Code has received a favorable determination letter from the IRS to the effect that it meets the requirements of Sections 401(a) and 501(a) of the Code covering all
applicable tax law changes or is comprised of a master or prototype plan that has received a favorable opinion letter from the IRS, and, nothing has occurred since the date of such determination that would adversely affect such determination (or, in
the case of a Plan with no determination, nothing has occurred that would materially adversely affect the issuance of a favorable determination letter or otherwise materially adversely affect such qualification). No ERISA Event has occurred, or is
reasonably expected to occur, other than as could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect (or, prior to a Qualifying IPO, any material liability). 

(b)    There exists no Unfunded Pension Liability with respect to any Plan, except as could not reasonably be expected to
result in a Material Adverse Effect. 
 (c)    None of the Borrower, any Subsidiary or any ERISA Affiliate is making or
accruing an obligation to make contributions, or has within any of the five calendar years immediately preceding the date this assurance is given or deemed given, made or accrued an obligation to make contributions to any Multiemployer Plan. 

(d)    There are no actions, suits or claims pending against or involving a Plan (other than routine claims for benefits)
or, to the knowledge of the Borrower, any Subsidiary or any ERISA Affiliate, threatened, which would reasonably be expected to be asserted successfully against any Plan and, if so asserted successfully, would reasonably be expected either singly or
in the aggregate to result in a Material Adverse Effect (or, prior to a Qualifying IPO, any material liability). 

(e)    The Borrower, its Subsidiaries and its ERISA Affiliates have made all contributions to or under each Plan and
Multiemployer Plan required by law within the applicable time limits prescribed thereby, the terms of such Plan or Multiemployer Plan, respectively, or any contract or agreement requiring contributions to a Plan or Multiemployer Plan save where any
failure to comply, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect (or, prior to a Qualifying IPO, any material liability). 

  
 65 

 (f)    No Plan which is subject to Section 412 of the Code or
Section 302 of ERISA has applied for or received an extension of any amortization period, within the meaning of Section 412 of the Code or Section 302 or 304 of ERISA. The Borrower, any Subsidiary, and any ERISA Affiliate have not
ceased operations at a facility so as to become subject to the provisions of Section 4062(e) of ERISA, withdrawn as a substantial employer so as to become subject to the provisions of Section 4063 of ERISA or ceased making contributions to
any Plan subject to Section 4064(a) of ERISA to which it made contributions. None of the Borrower, any Subsidiary or any ERISA Affiliate have incurred or reasonably expect to incur any liability to PBGC except as could not reasonably be
expected to result in material liability, save for any liability for premiums due in the ordinary course or other liability which could not reasonably be expected to result in material liability, and no lien imposed under the Code or ERISA on the
assets of the Borrower or any Subsidiary or any ERISA Affiliate exists or, to the knowledge of the Borrower, is likely to arise on account of any Plan. None of the Borrower, any Subsidiary or any ERISA Affiliate has engaged in a transaction that
could be subject to Section 4069 or 4212(c) of ERISA. 
 (g)    Each
Non-U.S. Plan has been maintained in compliance with its terms and with the requirements of any and all applicable laws, statutes, rules, regulations and orders and has been maintained, where required, in good
standing with applicable regulatory authorities, except as could not reasonably be expected to result in a material liability. All contributions required to be made with respect to a Non-U.S. Plan have been
timely made, except as could not reasonably be expected to result in a Material Adverse Effect. Neither the Borrower nor any of its Subsidiaries has incurred any material obligation in connection with the termination of, or withdrawal from, any Non-U.S. Plan. The present value of the accrued benefit liabilities (whether or not vested) under each Non-U.S. Plan, determined as of the end of the Borrower’s most
recently ended fiscal year on the basis of actuarial assumptions, each of which is reasonable, did not exceed the current value of the assets of such Non-U.S. Plan allocable to such benefit liabilities, except
as could not reasonably be expected to result in a Material Adverse Effect. 
 Section 3.12    Disclosure.
All oral and written information and data provided in formal presentations or in any meeting or conference call with Lenders (other than any projected financial information and other than information of a general economic or industry specific
nature) furnished by or on behalf of the Borrower to the Administrative Agent or any Lender in connection with the negotiation of this Agreement or delivered hereunder, as modified or supplemented by other information so furnished and when taken as
a whole does not contain any material misstatement of fact or omit to state any material fact necessary to make the statements therein, in light of the circumstances under which they were made, not materially misleading; provided that, with
respect to any projected financial information, the Borrower represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time furnished (it being understood that such projected financial
information is subject to significant uncertainties and contingencies, any of which are beyond the Borrower’s control, that no assurance can be given that any particular projections will be realized and that actual results during the period or
periods covered by any such projected financial information may differ significantly from the projected results and such differences may be material). As of the Eighth Amendment Effective Date, the information included in the Beneficial Ownership
Certification is true and correct in all respects. 

  
 66 

 Section 3.13    Subsidiaries. Schedule 3.13 to the
Disclosure Letter sets forth as of the Eighth Amendment Effective Date a list of all Subsidiaries and the percentage ownership (directly or indirectly) of the Borrower therein. Except as could not, individually or in the aggregate, reasonably be
expected to result in a Material Adverse Effect, the shares of capital stock or other ownership interests of all Subsidiaries of the Borrower are fully paid and non-assessable and are owned by the Borrower,
directly or indirectly, free and clear of all Liens other than Liens permitted under Section 6.02. 

Section 3.14    Solvency. As of the Effective Date, the Borrower is, individually and together with its
Subsidiaries, and after giving effect to the incurrence of any Indebtedness and obligations being incurred in connection herewith will be, Solvent. 

Section 3.15    Anti-Terrorism Law. (a) To the extent applicable, neither the Borrower nor any of its
Subsidiaries is in violation of any legal requirement relating to U.S. economic sanctions or any laws with respect to terrorism or money laundering, including Executive Order No. 13224 on Terrorist Financing effective September 24, 2001
(the “Executive Order”), the USA Patriot Act, the laws comprising or implementing the Bank Secrecy Act to the extent applicable and the laws administered by the United States Treasury Department’s Office of Foreign Asset
Control (each as from time to time in effect) (collectively, “Anti-Terrorism Laws”). 
 (b)    None of
(w) the Borrower, any of its Subsidiaries, or any of the Borrower’s directors or officers, or (x) to the knowledge of the Borrower, any of the directors or officers of any of the Borrower’s Subsidiaries, or (y) to the
knowledge of the Borrower, any of the employees of the Borrower or its Subsidiaries, or (z) to the knowledge of the Borrower, any agent of the Borrower or any Subsidiary that will act in any capacity in connection with or benefit from the
credit facility established hereby, is any of the following: 
 (i)    a Person that is listed in the annex to, or is
otherwise subject to the provisions of, the Executive Order; 
 (ii)    a Person owned or controlled by, or acting for
or on behalf of, any Person that is listed in the annex to, or is otherwise subject to the provisions of, the Executive Order; 

(iii)    a Person with which any Lender is prohibited from dealing or otherwise engaging in any transaction by any
Anti-Terrorism Law; 
 (iv)    a Person that commits, threatens or conspires to commit or supports “terrorism”
as defined in the Executive Order; or 
 (v)    a Sanctioned Entity or a Sanctioned Person. 

(c)    Neither the Borrower nor any of its Subsidiaries (i) conducts any business with, or engages in making or
receiving any contribution of funds, goods or services to or for the benefit of, a Person described in Section 3.15(b)(i)-(v) above, except as permitted under U.S. law, (ii) deals in, or otherwise engages in any
transaction relating to, any property or interests in property blocked pursuant to the Executive Order, or (iii) engages in or conspires to engage in any 

  
 67 

 
transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-Terrorism Law. 

(d)    The Borrower will not use, and will not permit any of its Subsidiaries to use, the proceeds of the Loans or any
Letter of Credit or otherwise make available such proceeds or Letters of Credit to any Person described in Section 3.15(b)(i)-(v) above, for the purpose of financing the activities of any Person described in
Section 3.15(b)(i)-(v) above or in any other manner that would violate any Anti-Terrorism Laws or applicable Sanctions. 

(e)    The Borrower has implemented and maintains in effect policies and procedures designed to ensure compliance by the
Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Terrorism Laws and applicable Sanctions, and the Borrower, its Subsidiaries and their respective officers and employees and to the knowledge of the
Borrower its directors and agents, are in compliance with Anti-Terrorism Laws and applicable Sanctions. 

Section 3.16    FCPA. No part of the proceeds of the Loans or any Letter of Credit will be used by the
Borrower or any of its Subsidiaries, directly or indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in
order to obtain, retain or direct business or obtain any improper advantage, in violation of the FCPA or any applicable Anti-Corruption Law. The Borrower has implemented and maintains in effect policies and procedures designed to ensure compliance
by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws, and the Borrower, its Subsidiaries and their respective officers and employees and to the knowledge of the Borrower its
directors and agents, are in compliance with Anti-Corruption Laws. None of the Loan Parties or their respective Subsidiaries, any of the directors or officers of the Loan Parties or their respective Subsidiaries or, to the knowledge of the Loan
Parties, any of the employees of the Loan Parties or their respective Subsidiaries, has taken or will take any action, with respect to the business of the Loan Parties or their respective Subsidiaries, in furtherance of an offer, payment, promise to
pay, or authorization or approval of the payment or giving of money, property, gifts or anything else of value, directly or indirectly, to any person while knowing that all or some portion of the money or value will be offered, given, or promised to
anyone to improperly influence official action, to obtain or retain business or otherwise to secure any improper advantage, in each case in violation of any applicable Anti-Corruption Law. 

Section 3.17    Collateral. (a) The Security Agreement and each other Collateral Document is, or upon
execution will be, effective to create in favor of the Administrative Agent, for the benefit of the Secured Parties, a valid security interest in the Collateral described therein and proceeds thereof (to the extent a security interest can be created
therein under the Uniform Commercial Code). In the case of the Pledged Collateral (as defined in the Security Agreement), when stock or interest certificates representing such Pledged Collateral (along with properly completed stock or interest
powers endorsing the Pledged Collateral) and executed by the owner of such shares or interests are delivered to the Administrative Agent, and in the case of the other Collateral described in the Security Agreement or any other Collateral Document
(other than deposit accounts), when financing statements and other filings specified on Schedule 3.17 in appropriate form are timely filed in the offices specified on Schedule 3.17, the Administrative

  
 68 

 
Agent, for the benefit of the Secured Parties, shall have a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral (to the extent
a security interest can be created therein under the Uniform Commercial Code) and the proceeds thereof, as security for the Obligations, in each case prior and superior in right to any other Person (except Liens permitted by
Section 6.02). In the case of any Collateral that consists of deposit accounts, when a control agreement is executed and delivered by all parties thereto with respect to such accounts, the Administrative Agent, for the
benefit of the Secured Parties, shall have a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral and the proceeds thereof, as security for the Obligations, prior and superior to any
other Person except as provided under the applicable control agreement with respect to the financial institution party thereto. 

(b)    Each of the Mortgages (if any) is effective to create in favor of the Administrative Agent, for the benefit of the
Secured Parties, a valid Lien on the Mortgaged Properties described therein and proceeds thereof, and when the Mortgages are filed in the offices specified therein, each such Mortgage shall constitute a fully perfected Lien on, and security interest
in, all right, title and interest of the Loan Parties in the Mortgaged Properties and the proceeds thereof, as security for the Obligations (as defined in the relevant Mortgage), in each case prior and superior in right to any other Person (except
Liens permitted by Section 6.02). 
 ARTICLE 4 

CONDITIONS 

Section 4.01    Effective Date. The obligations of the Lenders to make Loans and of the Issuing Bank to issue
Letters of Credit hereunder shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.02): 

(a)    The Administrative Agent (or its counsel) shall have received from each party hereto either (i) a counterpart
of this Agreement signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include telecopy or electronic transmission of a signed signature page of this Agreement) that such party has signed a
counterpart of this Agreement. 
 (b)    The Administrative Agent shall have received a Revolving Note executed by the
Borrower in favor of each Lender requesting a Revolving Note in advance of the Effective Date. 
 (c)    The
Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent and the Lenders and dated the Effective Date) of Wilson Sonsini Goodrich & Rosati, P.C., counsel for the Borrower in form and
substance reasonably satisfactory to the Administrative Agent. The Borrower hereby requests such counsel to deliver such opinion. 

(d)    The Administrative Agent shall have received (i) certified copies of the resolutions of the board of directors
of the Borrower and the Guarantors approving the transactions contemplated by the Loan Documents to which each such Loan Party is a party and the execution and delivery of such Loan Documents to be delivered by such Loan Party on the

  
 69 

 
Effective Date, and all documents evidencing other necessary organizational action and governmental approvals, if any, with respect to the Loan Documents and (ii) all other documents
reasonably requested by the Administrative Agent relating to the organization, existence and good standing of the Guarantors and the Borrower and authorization of the transactions contemplated hereby. 

(e)    The Administrative Agent shall have received a certificate of the Secretary or an Assistant Secretary of the
Borrower and each Guarantor certifying the names and true signatures of the officers of such entity authorized to sign the Loan Documents to which it is a party, to be delivered by such entity on the Effective Date and the other documents to be
delivered hereunder on the Effective Date. 
 (f)    The Administrative Agent shall have received (i) a
certificate, dated the Effective Date and signed on behalf of the Borrower by the President, a Vice President or a Financial Officer of the Borrower, confirming compliance with the conditions set forth in paragraphs (a) and (b) of
Section 4.02 as of the Effective Date, and (ii) a solvency certificate, dated the Effective Date and signed on behalf of the Borrower by the chief financial officer of the Borrower, certifying that, as of the Effective
Date, the Borrower is, individually and together with its Subsidiaries, and after giving effect to the incurrence of any Indebtedness and obligations being incurred in connection herewith will be, Solvent. 

(g)    The Lenders, the Administrative Agent and the Arranger shall have received all fees required to be paid by the
Borrower on the Effective Date, and all expenses required to be reimbursed by the Borrower for which invoices have been presented at least three business days prior to the Effective Date, on or before the Effective Date. 

(h)    The Administrative Agent shall have received, to the extent reasonably requested by any of the Lenders at least
five Business Days prior to the Effective Date, all documentation and other information required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the USA
Patriot Act. 
 (i)    The Administrative Agent shall have received (i) unaudited interim consolidated financial
statements of the Borrower for the quarterly period ended June 30, 2014 and (ii) reasonably detailed projections of the Borrower for at least the three fiscal years ended after the Effective Date. 

The Administrative Agent shall notify the Borrower and the Lenders of the Effective Date, and such notice shall be conclusive and binding.
Without limiting the generality of the provisions of Article 8, for purposes of determining compliance with the conditions specified in this Section, each Lender that has signed this Agreement shall be deemed to have consented to, approved or
accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the
proposed Effective Date specifying its objection thereto. 
 Section 4.02    Each Credit Event. The
obligation of each Lender to make a Loan on the occasion of any Borrowing, and of the Issuing Bank to issue, amend, review or extend any Letter of Credit, is subject to the satisfaction of the following conditions: 

  
 70 

 (a)    The representations and warranties of the Borrower set forth in
this Agreement and the other Loan Documents shall be true and correct in all material respects on and as of the date of such Borrowing, or the date of issuance, amendment, renewal or extension of such Letter of Credit, as applicable, except that
(i) for purposes of this Section, the representations and warranties contained in Section 3.04(a) shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b) (subject, in the
case of unaudited financial statements furnished pursuant to clause (b), to year-end audit adjustments and the absence of footnotes), respectively, of Section 5.01, (ii) to the extent
that such representations and warranties specifically refer to an earlier date, they shall be true and correct in all material respects as of such earlier date and (iii) to the extent that such representations and warranties are already
qualified or modified by materiality in the text thereof, they shall be true and correct in all respects. 
 (b)    At
the time of and immediately after giving effect to such Borrowing, or issuance, amendment, renewal or extension of a Letter of Credit, as applicable, no Default shall have occurred and be continuing. 

(c)    The Administrative Agent shall have received a Borrowing Request and such other documentation and assurances as
shall be reasonably required by it in connection therewith. 
 (d)    The Issuing Bank shall have received all
documentation and assurances required under Section 2.20 or otherwise as shall be reasonably required by it in connection therewith. 

Each Borrowing or issuance, amendment, renewal or extension of a Letter of Credit, as applicable, shall be deemed to constitute a
representation and warranty by the Borrower that the conditions specified in paragraphs (a) and (b) of this Section 4.02 have been satisfied as of the date thereof. 

ARTICLE 5 

AFFIRMATIVE COVENANTS 

Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall have
been paid in full and the cancellation or expiration or Cash Collateralization of all Letters of Credit on terms reasonably satisfactory to the Issuing Bank in an amount equal to the Agreed L/C Cash Collateral Amount of all Letter of Credit Usage,
the Borrower covenants and agrees with the Lenders that: 
 Section 5.01    Financial Statements; Ratings Change
and Other Information. The Borrower will furnish to the Administrative Agent (for distribution to each Lender): 

(a)    (i) within 180 days after each fiscal year end of the Borrower, its audited consolidated balance sheet and related
statements of operations, stockholders’ equity and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on by Ernst & Young LLP, or other
independent public accountants of recognized national standing (without a “going concern” or like qualification or exception (other than a qualification related to the maturity of the Commitments and the Loans at the applicable Maturity
Date) and without any qualification or exception as to 

  
 71 

 
the scope of such audit) to the effect that such consolidated financial statements present fairly in all material respects the financial condition and results of operations of the Borrower and
its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied and (ii) concurrently with the delivery of financial statements under clause (a)(i) above, Borrower shall make available an annual plan for the
Borrower and its Subsidiaries prepared in such detail and/or summary form as mutually agreed to in good faith by the Borrower and Administrative Agent, and accompanied by a certificate of a Financial Officer of the Borrower stating that such plan is
based on estimates, information and assumptions believed to be reasonable at the time prepared; 
 (b)    within 45 days
after the end of each fiscal quarter of each fiscal year of the Borrower, its consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such fiscal quarter and the then elapsed
portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by one of its
Financial Officers as presenting fairly in all material respects the financial condition and results of operations of the Borrower and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to
normal year-end audit adjustments and the absence of footnotes; 

(c)    concurrently with any delivery of financial statements under clause (a) or (b) above, a compliance certificate
of a Financial Officer of the Borrower in substantially the form of Exhibit E attached hereto (i) certifying as to whether a Default has occurred and is continuing as of the date thereof and, if a Default has occurred and is continuing
as of the date thereof, specifying the details thereof and any action taken or proposed to be taken with respect thereto, (ii) setting forth reasonably detailed calculations demonstrating compliance with Section 6.08
as of the last day of the applicable fiscal quarter or fiscal year, as the case may be, for which such financial statements are being delivered, (iii) setting forth reasonably detailed calculations demonstrating compliance with Sections
6.01(b) and (c) as of the last day of the applicable fiscal quarter or fiscal year for which such financial statements are being delivered, (iv) setting forth the amount of Restricted Payments made pursuant to
Section 6.04(viii) during the respective fiscal quarter or fiscal year and demonstrating compliance with such Section 6.04(viii), and (v) if and to the extent that any material change in GAAP
that has occurred since the date of the audited financial statements referred to in Section 3.04 had an impact on such financial statements, specifying the effect of such change on the financial statements accompanying such
certificate; 
 (d)    promptly after the same become publicly available, copies of all periodic and other reports,
proxy statements and other materials filed by the Borrower or any Subsidiary with the Securities and Exchange Commission, or any Governmental Authority succeeding to any or all of the functions of said Commission, or with any national securities
exchange, as the case may be, in each case that is not otherwise required to be delivered to the Administrative Agent pursuant hereto; provided that such information shall be deemed to have been delivered on the date on which such information
has been posted on the Borrower’s website on the Internet on any investor relations page at http://www.palantir.com (or any successor page) or at http://www.sec.gov; 

  
 72 

 (e)    promptly following any request in writing (including any
electronic message) therefor, such other information regarding the operations, business affairs and financial condition of the Borrower or any Subsidiary, or compliance with the terms of this Agreement or any other Loan Document, as the
Administrative Agent or any Lender (through the Administrative Agent) may reasonably request; 
 (f)    upon the annual
renewal of the applicable insurance policy, a certificate from the Borrower’s insurance broker(s) in form and substance reasonably satisfactory to the Administrative Agent outlining all material insurance coverage under such policy maintained
as of the date of such certificate by the Borrower and its Subsidiaries; and 
 (g)    the Borrower will furnish to the
Administrative Agent (i) any information regarding Collateral required pursuant to the Collateral Documents and (ii) each year, at the time of delivery of annual financial statements with respect to the preceding fiscal year pursuant to
Section 5.01(a), a certificate of its Responsible Officer (x) either confirming that there has been no change in the information contained in the schedules to the Security Agreement since the Eighth Amendment Effective
Date or the date of the most recent certificate delivered pursuant to this Section and/or identifying such changes in the form of a Security Supplement delivered pursuant to Section 4.2 of the Security Agreement and (y) certifying that, to
its knowledge, all Uniform Commercial Code financing statements (including fixtures filings, as applicable) and all supplemental intellectual property security agreements or other appropriate filings, recordings or registrations, have been filed of
record in each governmental, municipal or other appropriate office in each jurisdiction identified in the documents delivered pursuant to clause (x) above to the extent necessary to effect, protect and perfect the security interests under the
Collateral Documents (except as noted therein with respect to any continuation statements to be filed within such period). 
 Information
required to be delivered pursuant to Section 5.01(a) or Section 5.01(b) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the
Borrower posts such information, or provides a link thereto on the Borrower’s website on the Internet on any investor relations page at http://www.palantir.com (or any successor page) or at http://www.sec.gov; or (ii) on which such
information is posted on the Borrower’s behalf on an Internet or intranet website, if any, to which the Lenders and the Administrative Agent have been granted access (whether a commercial, third-party website or whether sponsored by the
Administrative Agent). 
 Section 5.02    Notices of Material Events. The Borrower will furnish to the
Administrative Agent (for distribution to each Lender) prompt written notice of the following: 
 (a)    the occurrence
of any Default; 
 (b)    the filing or commencement of any action, suit or proceeding by or before any arbitrator or
Governmental Authority against or affecting the Borrower or any Subsidiary thereof that could reasonably be expected to result in a Material Adverse Effect; 

(c)    any other development that results in, or could reasonably be expected to result in, a Material Adverse Effect; and

  
 73 

 (d)    any change in the information provided in the Beneficial
Ownership Certification that would result in a change to the list of beneficial owners identified in parts (c) or (d) of such certification. 

Each notice delivered under this Section shall be accompanied by a statement of a Responsible Officer or other executive officer of the
Borrower setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto. 

Section 5.03    Existence; Conduct of Business. The Borrower will, and will cause each of its Material
Subsidiaries to, do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges and franchises material to the conduct of its business;
provided that (i) the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted under Section 6.03 and (ii) none of the Borrower or any of its Material Subsidiaries shall
be required to preserve, renew or keep in full force and effect its rights, licenses, permits, privileges or franchises where failure to do so could not reasonably be expected to result in a Material Adverse Effect. 

Section 5.04    Payment of Taxes. The Borrower will, and will cause each of its Subsidiaries to, pay all Tax
liabilities, including all Taxes imposed upon it or upon its income or profits or upon any properties belonging to it that, if not paid, could reasonably be expected to result in a Material Adverse Effect, before the same shall become delinquent or
in default, and all lawful claims other than Tax liabilities that, if unpaid, would become a Lien upon any properties of the Borrower or any of its Subsidiaries not otherwise permitted under Section 6.02, in both cases
except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings and (b) to the extent required by GAAP, the Borrower or such Subsidiary has set aside on its books adequate reserves with respect
thereto in accordance with GAAP. 
 Section 5.05    Maintenance of Properties; Insurance. The Borrower will,
and will cause each of its Subsidiaries to, (a) keep and maintain all property used in the conduct of its business in good working order and condition, ordinary wear and tear and casualty events excepted, except to the extent that failure to do
so could not reasonably be expected to have a Material Adverse Effect, and (b) maintain insurance with financially sound and reputable insurance companies in such amounts and against such risks as are customarily maintained by companies engaged
in the same or similar businesses operating in the same or similar locations. Except as otherwise agreed by the Administrative Agent no later than January 31, 2020 (as such date may be extended the Administrative Agent in its sole discretion),
each such policy of insurance shall (i) name the Administrative Agent, on behalf of the Secured Parties, as an additional insured thereunder as its interests may appear and (ii) in the case of each property insurance policy, contain a loss
payable clause or endorsement, reasonably satisfactory in form and substance to the Administrative Agent, that names the Administrative Agent, on behalf of the Secured Parties, as the loss payee thereunder and provide for (to the extent available
from the applicable insurance company) at least 30 days’ prior written notice to the Administrative Agent of any cancellation of such policy. 

  
 74 

 Section 5.06    Books and Records; Inspection Rights. The
Borrower will, and will cause each of its Subsidiaries to, keep proper books of record and account in which entries full, true and correct in all material respects are made and are sufficient to prepare financial statements in accordance with GAAP.
The Borrower will, and will cause each of its Subsidiaries to, permit any representatives designated by the Administrative Agent or any Lender (pursuant to the request made through the Administrative Agent), upon reasonable prior notice, to visit
and inspect its properties, to examine and make extracts from its books and records to the extent reasonably necessary, and to discuss its affairs, finances and condition with its officers and independent accountants (provided that the
Borrower or such Subsidiary shall be afforded the opportunity to participate in any discussions with such independent accountants), all at such reasonable times and as often as reasonably requested (but no more than once annually if no Event of
Default exists). Notwithstanding anything to the contrary in this Section, none of the Borrower or any of its Subsidiaries shall be required to disclose, permit the inspection, examination or making copies or abstracts of, or discussion of, any
document, information or other matter that (i) constitutes non-financial trade secrets or non-financial proprietary information, (ii) in respect of which
disclosure to the Administrative Agent or any Lender (or their respective representatives) is prohibited by applicable law or any third party contract legally binding on Borrower or its Subsidiaries, or (iii) is subject to attorney, client or
similar privilege or constitutes attorney work-product. 
 Section 5.07    ERISA-Related Information. The
Borrower shall supply to the Administrative Agent (in sufficient copies for all the Lenders, if the Administrative Agent so requests): (a) promptly and in any event within 15 days after the Borrower, any Subsidiary or any ERISA Affiliate files a
Schedule B (or such other schedule as contains actuarial information) to IRS Form 5500 in respect of a Plan with Unfunded Pension Liabilities, a copy of such IRS Form 5500 (including the Schedule B); (b) promptly and in any event within 30 days
after the Borrower, any Subsidiary or any ERISA Affiliate knows or has reason to know that any ERISA Event has occurred, a certificate of the chief financial officer of the Borrower describing such ERISA Event and the action, if any, proposed to be
taken with respect to such ERISA Event and a copy of any notice filed with the PBGC or the IRS pertaining to such ERISA Event and any notices received by such Borrower, Subsidiary, or ERISA Affiliate from the PBGC or any other governmental agency
with respect thereto; provided that, in the case of ERISA Events under paragraph (b) of the definition thereof, in no event shall notice be given later than the occurrence of the ERISA Event; (c) promptly, and in any event within 30
days, after becoming aware that there has been (i) a material increase in Unfunded Pension Liabilities (taking into account only Pension Plans with positive Unfunded Pension Liabilities) since the date the representations hereunder are given or
deemed given, or from any prior notice, as applicable; (ii) the existence of potential withdrawal liability under Section 4201 of ERISA, if the Borrower, any Subsidiary and the ERISA Affiliates were to withdraw completely from any and all
Multiemployer Plans, (iii) the adoption of, or the commencement of contributions to, any Plan subject to Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA by the Borrower, any Subsidiary or any ERISA Affiliate, or
(iv) the adoption of any amendment to a Plan subject to Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA which results in a material increase in contribution obligations of the Borrower, any Subsidiary or any ERISA
Affiliate, a detailed written description thereof from the chief financial officer of the Borrower; and (d) if, at any time after the Effective Date, the Borrower, any Subsidiary or any ERISA Affiliate maintains, or contributes to (or incurs an
obligation to contribute to), a Pension Plan or Multiemployer Plan 

  
 75 

 
which is not set forth in Schedule 3.11 to the Disclosure Letter, then the Borrower shall deliver to the Administrative Agent an updated Schedule 3.11 to the Disclosure Letter as soon as
practicable, and in any event within 20 days after the Borrower, such Subsidiary or such ERISA Affiliate maintains, or contributes to (or incurs an obligation to contribute to), thereto. 

Section 5.08    Compliance with Laws and Agreements. The Borrower will, and will cause each of its
Subsidiaries to, comply with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its property and all indentures, agreements and other instruments binding upon it or its property, except where the failure to do
so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. The Borrower will maintain in effect and enforce policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries
and their respective directors, officers, employees and agents with Anti-Corruption Laws, Anti-Terrorism Laws and applicable Sanctions. 

Section 5.09    Use of Proceeds. The proceeds of the Loans will be used only for working capital and general
corporate purposes, including, without limitation, for stock repurchases under stock repurchase programs approved by the Borrower and for acquisitions not prohibited hereunder. No part of the proceeds of any Loan will be used, whether directly or
indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X or any other violations of any/and rule or regulation of any Governmental Authority. The Borrower will not request any
Borrowing or Letter of Credit, and the Loan Parties shall not use, directly or indirectly, and shall procure that their respective Subsidiaries and its and their respective directors, officers, employees and agents shall not use, directly or
indirectly, the proceeds of any Borrowing or Letter of Credit, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other Person, (a) in furtherance of an offer, payment, promise to pay, or
authorization of the payment or giving of money, or anything else of value, to any Person in violation of the FCPA or any Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating any activities, business or transaction of
or with any Person, or in any country or territory that, at the time of such funding, financing or facilitating, is, or whose government is, a Sanctioned Person or Sanctioned Entity, to the extent it violates any applicable laws, including but not
limited to the FCPA or any Anti-Corruption Laws, or (c) in any manner that would result in the violation of any Sanctions applicable to any party hereto. 

Section 5.10    Guarantors. If, as of the date of the most recently available financial statements delivered
pursuant to Section 5.01(a) or (b), as the case may be, any Person shall have become a Material Domestic Subsidiary, then the Borrower shall, within 30 days (or such longer period of time as the Administrative Agent
may agree in its sole discretion) after delivery of such financial statements, (i) cause such Material Domestic Subsidiary to (x) enter into a guaranty agreement (a “Guaranty”) in substantially the form of Exhibit F
hereto, or, if a Guaranty has previously been entered into by a Material Domestic Subsidiary (and remains in effect), a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent to such Guaranty, (y) become a
Grantor (as defined in the Security Agreement) under the Security Agreement by executing and delivering to the Administrative Agent the joinder agreement required thereunder and (ii) take all such actions and execute and deliver, or cause to be
executed and delivered, all such documents, instruments, agreements, and certificates reasonably requested by the Administrative Agent or required by the Collateral Documents. If requested by the Administrative Agent, the Administrative Agent shall
receive an opinion of counsel for the 

  
 76 

 
Borrower in form and substance reasonably satisfactory to the Administrative Agent in respect of matters reasonably requested by the Administrative Agent relating to any Guaranty, Collateral
Document or joinder agreement delivered pursuant to this Section, dated as of the date of such Guaranty, Collateral Document or joinder agreement. 

Section 5.11    Additional Material Real Estate Assets. In the event that any Loan Party acquires a Material
Real Estate Asset or a Real Estate Asset owned on the Eighth Amendment Effective Date becomes a Material Real Estate Asset due to a material renovation of or addition to such Real Estate Assets and such interest has not otherwise been made subject
to the Lien of the Collateral Documents in favor of the Administrative Agent, for the benefit of the Secured Parties, then such Loan Party shall promptly take all such actions and execute and deliver, or cause to be executed and delivered, all such
mortgages, documents, instruments, agreements, opinions and certificates with respect to each such Material Real Estate Asset identified on Schedule 5.11. 

Section 5.12    Further Assurances. Each Loan Party shall take such actions as the Administrative Agent may
reasonably request from time to time to ensure that the Obligations are (i) guaranteed by the Guarantors and (ii) secured by the Collateral. If at any time the Administrative Agent receives a notice from a Lender or otherwise becomes aware
that any mortgaged Material Real Estate Asset has become a Flood Hazard Property, the Administrative Agent shall deliver such notice to the Borrower and the Borrower shall take all actions required as a result of such change as described on Schedule
5.11. 
 ARTICLE 6 

NEGATIVE COVENANTS 

Until the Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder have been paid
in full and the cancellation or expiration or Cash Collateralization of all Letters of Credit on terms reasonably satisfactory to the Issuing Bank in an amount equal to the Agreed L/C Cash Collateral Amount of all Letter of Credit Usage, the
Borrower covenants and agrees with the Lenders that: 
 Section 6.01    Indebtedness. The Borrower will not,
and will not permit any Subsidiary to, create, incur, assume or permit to exist any Indebtedness other than: 

(a)    Indebtedness that is not Specified Indebtedness; 

(b)    Specified Indebtedness constituting Capital Lease Obligations and Purchase Money Indebtedness; provided that
the aggregate principal amount of Indebtedness pursuant to this clause (b) shall not exceed $150,000,000 at any time outstanding; 

(c)    Specified Indebtedness not otherwise permitted pursuant to this Section 6.01 in an
aggregate principal amount at any time outstanding not to exceed the greatest of (A) $250,000,000, (B) the product of (x) 2.5, (y) Consolidated Adjusted EBITDA for the most recently ended Measurement Period for which financial statements have been
delivered, and (C) 15% of Total Assets; 

  
 77 

 (d)    Obligations under the Loan Documents; and 

(e)    to the extent constituting Specified Indebtedness, Qualified Receivables Financing Transactions, so long as after
giving effect thereto the aggregate outstanding amount of accounts receivable, royalties, other revenue streams, or other rights to payment, that have been sold, conveyed, assigned or otherwise transferred (or purported to be sold, conveyed,
assigned or otherwise transferred) by the Borrower or any Subsidiary, and not collected or determined by the Borrower to be uncollectible does not exceed $200,000,000. 

Notwithstanding the foregoing, any Indebtedness owed by a Loan Party to a Subsidiary that is not a Loan Party shall be permitted only to the
extent subordinated to the Obligations on customary terms reasonably satisfactory to the Administrative Agent. 

Section 6.02    Liens. The Borrower will not, and will not permit any Subsidiary to, create, incur, assume or
permit to exist any Lien on any property or asset now owned or hereafter acquired by it except: 
 (a)    Permitted
Encumbrances; 
 (b)    any Lien on any property or asset of the Borrower or any Subsidiary existing on the date hereof
(other than Liens permitted pursuant to clause (m) below) and set forth in Schedule 6.02 to the Disclosure Letter and any modifications, renewals and extensions thereof and any Lien granted as a replacement or substitute therefor;
provided that (i) such Lien shall not apply to any other property or asset of the Borrower or any Subsidiary other than improvements thereon or proceeds thereof, (ii) such Lien shall secure only those obligations which it secures on
the date hereof and any refinancing, extension, renewal or replacement thereof that does not increase the outstanding principal amount thereof except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses
reasonably incurred, in connection with such refinancing, extensions, renewals or replacements and (iii) renewals, extensions and modifications (in the case of modifications, to the extent such modifications increases the amount of collateral
required) of the Liens set forth on Schedule 6.02 to the Disclosure Letter shall not be permitted; 
 (c)    any Lien
existing on any property or asset prior to the acquisition thereof by the Borrower or any Subsidiary or existing on any property or asset of any Person that becomes a Subsidiary after the date hereof prior to the time such Person becomes a
Subsidiary; provided that (i) such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming a Subsidiary, as the case may be, (ii) such Lien shall not apply to any other property or
assets of the Borrower or any Subsidiary and (iii) such Lien shall secure only those obligations which it secures on the date of such acquisition or the date such Person becomes a Subsidiary, as the case may be, and any refinancing, extension,
renewal or replacement thereof that does not increase the outstanding principal amount thereof except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such
refinancing, extensions, renewals or replacements; 
 (d)    Liens on fixed or capital assets acquired, constructed or
improved by the Borrower or any Subsidiary; provided that (i) the aggregate principal amount of any Indebtedness or obligations at any time outstanding that are secured pursuant to this clause (d) or

  
 78 

 
subclause (i) of clause (m) below together with the aggregate principal amount of outstanding letters of credit, bank guarantees and other similar obligations set forth on Schedule 6.2
to the Disclosure Letter and secured pursuant to clause (b) above shall not exceed the greater of (x) $250,000,000 and (y) 15% of Total Assets, (ii) such security interests and the Indebtedness secured thereby are initially incurred prior
to or within 180 days after such acquisition or the completion of such construction or improvement, (iii) the Indebtedness secured thereby does not exceed 100% of the cost of acquiring, constructing or improving such fixed or capital assets,
and (iv) such security interests shall not apply to any other property or assets of the Borrower or any Subsidiary other than additions, accessions, parts, attachments or improvements thereon or proceeds thereof; 

(e)    licenses, sublicenses, leases or subleases granted to others in the ordinary course of business not interfering in
any material respect with the business of the Borrower and its Subsidiaries, taken as a whole; 
 (f)    the interest
and title of a lessor under any lease, license, sublease or sublicense entered into by the Borrower or any Subsidiary in the ordinary course of its business and other statutory and common law landlords’ Liens under leases; 

(g)    in connection with the sale or transfer of any assets in a transaction not prohibited hereunder, customary rights
and restrictions contained in agreements relating to such sale or transfer pending the completion thereof; 
 (h)    in
the case of any joint venture, any put and call arrangements related to its Equity Interests set forth in its organizational documents or any related joint venture or similar agreement; 

(i)    Liens securing Indebtedness to finance insurance premiums owing in the ordinary course of business to the extent
such financing is not prohibited hereunder; 
 (j)    Liens on earnest money deposits of cash or cash equivalents made
in connection with any acquisition not prohibited hereunder; 
 (k)    bankers’ Liens, rights of setoff and other
similar Liens existing solely with respect to cash and cash equivalents on deposit in one or more accounts maintained by the Borrower or any Subsidiary, in each case granted in the ordinary course of business in favor of the banks, securities
intermediaries or other depository institutions with which such accounts are maintained, securing amounts owing to such institutions with respect to cash management and operating account arrangements; 

(l)    Liens in the nature of the right of setoff in favor of counterparties to contractual agreements not otherwise
prohibited hereunder with the Borrower or any of its Subsidiaries in the ordinary course of business; 
 (m)    other
Liens securing obligations not otherwise permitted hereunder; provided that the aggregate principal amount of such obligations, together with (x) the aggregate principal amount of Indebtedness or obligations secured pursuant to clause
(d) above and (y) the aggregate principal amount of outstanding letters of credit, bank guarantees and other similar obligations 

  
 79 

 
set forth on Schedule 6.02 to the Disclosure Letter and secured pursuant to clause (b) above, at any time outstanding, shall not exceed the greater of (x) $250,000,000 and (y) 15% of Total
Assets; 
 (n)    Liens on Securitization Assets sold, conveyed, assigned or otherwise transferred or purported to be
sold, conveyed, assigned or otherwise transferred in connection with a Qualified Receivables Financing Transaction, and Liens on assets securing the Standard Securitization Undertakings of Borrower or a Subsidiary in connection with Qualified
Receivables Financing Transactions; and 
 (o)    Liens securing the Obligations. 

Section 6.03    Fundamental Changes; Dispositions. (a) The Borrower will not, and will not permit
any Subsidiary to, (x) merge into or consolidate with any other Person, or permit any other Person to merge into or consolidate with it, (y) sell, transfer, license, lease, enter into any sale-leaseback transactions with respect to, or
otherwise dispose of (in one transaction or in a series of transactions) all or substantially all of the assets of the Borrower and its Subsidiaries, taken as a whole, or all or substantially all of the stock of any of its Subsidiaries (in each
case, whether now owned or hereafter acquired), or (z) liquidate or dissolve, except that, if at the time thereof and immediately after giving effect thereto no Default shall have occurred and be continuing: 

(i)    any Subsidiary or any other Person may merge into or consolidate with the Borrower in a transaction in which the
Borrower is the surviving corporation; 
 (ii)    any Person (other than the Borrower) may merge into or consolidate
with any Subsidiary in a transaction in which the surviving entity is a Subsidiary or becomes a Subsidiary in connection with such transaction (provided that any such merger or consolidation involving a Guarantor must result in a Guarantor or a
Person who becomes a Guarantor as the surviving entity); 
 (iii)    [reserved]; 

(iv)    (x) any Loan Party may sell, transfer, license, lease or otherwise dispose of its assets to any other Loan Party
and (y) any Subsidiary that is not a Loan Party may sell, transfer, license, lease or otherwise dispose of its assets to any Loan Party or any other Subsidiary; 

(v)    in connection with any acquisition, any Subsidiary may merge into or consolidate with any other Person, so long as
the Person surviving such merger or consolidation shall be a Subsidiary (provided that any such merger or consolidation involving a Guarantor must result in a Guarantor as the surviving entity); 

(vi)    any Subsidiary may liquidate or dissolve if the Borrower determines in good faith that such liquidation or
dissolution is in the best interests of the Borrower and is not materially disadvantageous to the Lenders; provided that if such Subsidiary is Loan Party, the entity receiving the assets of such Subsidiary upon such liquidation or dissolution
shall also be a Loan Party; and 

  
 80 

 (vii)    any Subsidiary may merge into or consolidate with any other
Person in a transaction not otherwise prohibited hereunder and all or substantially all of the Equity Interests of any Subsidiary may be sold, transferred or otherwise disposed of, so long as (w) the aggregate consideration received in respect
of all such mergers or consolidations, sales, transfers or other disposals pursuant to this clause (vii) shall not exceed the greater of (a) $75,000,000 and (b) 10% of Total Assets as of the date of such merger, consolidation, sale, transfer or
other disposal, (x) the consideration received in respect of any such merger or consolidation, sale, transfer or other disposal pursuant to this clause (vii) shall be in an amount at least equal to the fair market value thereof,
(y) no less 75% of the consideration received shall be in cash or Cash Equivalents, and (z) such Loan Party or such Subsidiary shall comply with its obligations, if any, in respect of Asset Sales under
Section 2.08(e). 
 (b)    The Borrower will not, and will not permit any of its Subsidiaries
to, engage to any material extent in any business other than businesses of the type conducted by the Borrower and its Subsidiaries on the date of execution of this Agreement and businesses reasonably related, complementary or incidental thereto,
which businesses, for the avoidance of doubt, may include or relate to, but not be limited to, the provision of data integration or analysis platforms and other software or technological solutions. 

(c)    The Borrower will not, and will not permit any of its Subsidiaries to, sell, lease (as lessor or sublessor), sell
and leaseback or license (as licensor or sublicensor), exchange, transfer or otherwise dispose to, any Person, in one transaction or a series of transactions, any property of the Loan Parties or any of their respective Subsidiaries (including
receivables and leasehold interests), whether now owned or hereafter acquired, including, in the case of any Subsidiary, issuing or selling any shares of such Subsidiary’s Equity Interests to any Person, except for: 

(i)    any sale, transfer, license, lease or other disposition not constituting an Asset Sale, or an Asset Sale permitted
under Section 6.03(a)(vii); and 
 (ii)    if at the time thereof and immediately after giving
effect thereto no Default shall have occurred and be continuing, any other sale, transfer, license, lease or other disposition; provided that (x) the consideration for such assets shall be in an amount at least equal to the fair market
value thereof, (y) no less 75% of the consideration received shall be in cash or Cash Equivalents and (z) such Loan Party or such shall comply with its obligations, if any, in respect of Asset Sales under
Section 2.08(e). 
 Notwithstanding the foregoing, in no event shall this Section 6.03
permit the Borrower or any other Guarantor to transfer or dispose of or otherwise transfer any Material Intellectual Property or the Equity Interests of any Person that owns any Material Intellectual Property to any other Person other than the
Borrower or any Guarantor, other than (i) the non-exclusive licensing of Intellectual Property, and (ii) the exclusive licensing of Intellectual Property (A) with respect to specific geographic
areas outside of the United States, (B) for specific fields of use outside the existing business of the Borrower and its Subsidiaries, (C) for specific business uses not interfering in any material respect with the existing business of the
Loan Parties, taken as a whole and 

  
 81 

 
(D) conceived, developed or reduced to practice in connection with a specific commercial relationship. 

Section 6.04    Restricted Payments. The Borrower will not, and will not permit any of its Subsidiaries to,
declare or make any Restricted Payments with respect to the Borrower or any of its Subsidiaries, except: 
 (i)    any
Subsidiary of the Borrower may make Restricted Payments to the Borrower or to any direct or indirect wholly-owned Subsidiary of the Borrower, and any non-wholly-owned Subsidiary may make Restricted Payments to
the Borrower or any of its other Subsidiaries and to each other owner of Equity Interests of such Subsidiary ratably based on their relative ownership interests of the relevant class of Equity Interests; 

(ii)    the Borrower may declare and make dividends payable solely in additional shares of Borrower’s common stock;

 (iii)    the Borrower may repurchase fractional shares of its Equity Interests arising out of stock dividends, splits
or combinations, business combinations or conversions of convertible securities or, so long as no Default or Event of Default then exists or would result therefrom, make cash settlement payments upon the exercise of warrants to purchase its Equity
Interests, or “net exercise” or “net share settle” warrants; 
 (iv)    the Borrower may redeem or
otherwise cancel Equity Interests or rights in respect thereof granted to (or make payments on behalf of) directors, officers, employees or other providers of services to the Borrower and the Subsidiaries in an amount required to satisfy tax
withholding obligations relating to the vesting, settlement or exercise of such Equity Interests or rights; 

(v)    following a Qualifying IPO, the Borrower or any Subsidiary may make any Restricted Payment that has been declared
by the Borrower or such Subsidiary, so long as (A) such Restricted Payment was permitted under clause (viii) of this Section 6.04 at the time so declared and (B) such Restricted Payment is made within 30 days
of such declaration; 
 (vi)    following a Qualifying IPO, the Borrower may repurchase Equity Interests pursuant to any
accelerated stock repurchase or similar agreement; provided that the payment made by the Borrower with respect to such repurchase was permitted under clause (viii) of this Section 6.04 at the time made as if it was a
Restricted Payment made by the Borrower at such time; 
 (vii)    the Borrower may make Restricted Payments pursuant to
and in accordance with stock option plans or other benefit plans or agreements for directors, management, employees or other eligible service providers of the Borrower or its Subsidiaries; 

(viii)    so long as no Default or Event of Default then exists or would result therefrom, the Borrower may declare or
make Restricted Payments if the Total Leverage 

  
 82 

 
Ratio for the most recent Measurement Period then ended and after giving pro forma effect to such Restricted Payment is less than 2.0:1.0; provided that, prior to a Qualifying IPO, and so long as
no Default or Event of Default then exists or would result therefrom, the Borrower may declare or make Restricted Payments not otherwise permitted under this clause (viii) if after giving pro forma effect to such Restricted Payment, the
Borrower and its Subsidiaries have at least an aggregate amount of $250,000,000 in Unrestricted cash and Cash Equivalents plus the Revolving Commitments then in effect minus the Aggregate Total Exposure; provided further that,
following a Qualifying IPO, and so long as no Default or Event of Default then exists or would result therefrom, the Borrower may declare or make Restricted Payments not otherwise permitted under this clause (viii) if, after giving pro forma
effect to such Restricted Payment, the Borrower and its Subsidiaries have at least $75,000,000 in Unrestricted cash and Cash Equivalents; 

(ix)    so long as no Default or Event of Default then exists or would result therefrom, the Borrower may make Restricted
Payments not otherwise permitted under this Section 6.04 using the proceeds of any issuance of Equity Interests; provided that the Restricted Payment and the issuance of Equity Interests are substantially concurrent; and

 (x)    the Borrower may redeem its Series H Preferred Stock pursuant to the term thereof in an amount not to exceed
$35,000,000. 
 Section 6.05    Restrictive Agreements. The Borrower will not, and will not permit any of
its Subsidiaries to, directly or indirectly, enter into, incur or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition upon (a) the ability of the Borrower or any Subsidiary to create, incur or
permit to exist any Lien upon any of its property or assets to secure the Obligations, or (b) the ability of any Subsidiary to pay dividends or other distributions with respect to any shares of its capital stock or to make or repay loans or
advances to the Borrower or any other Subsidiary or of any Subsidiary to Guarantee Indebtedness of the Borrower or any other Subsidiary under the Loan Documents; provided that (i) the foregoing shall not apply to restrictions and
conditions imposed by law or by this Agreement or any other Loan Document, (ii) the foregoing shall not apply to restrictions and conditions existing on the date hereof identified on Schedule 6.05 to the Disclosure Letter (and shall apply to
any extension or renewal of, or any amendment or modification materially expanding the scope of, any such restrictions or conditions taken as a whole), (iii) the foregoing shall not apply to customary restrictions and conditions contained in
agreements relating to the sale of a Subsidiary or assets of the Borrower or any Subsidiary pending such sale; provided such restrictions and conditions apply only to the Subsidiary or assets to be sold and such sale is not prohibited
hereunder, (iv) the foregoing shall not apply to any agreement or restriction or condition in effect at the time any Subsidiary becomes a Subsidiary of the Borrower, so long as such agreement was not entered into solely in contemplation of such
Person becoming a Subsidiary of the Borrower, (v) the foregoing shall not apply to customary provisions in joint venture agreements and other similar agreements applicable to joint ventures, (vi) clause (a) of the foregoing shall not apply
to restrictions or conditions imposed by any agreement relating to secured Indebtedness permitted by this Agreement if such restrictions or conditions apply only to the property or assets securing such Indebtedness, (vii) clause (a) of the
foregoing shall not apply to customary provisions in leases, licenses, sub-leases and sub-licenses and other contracts restricting the assignment thereof,
(viii) the foregoing shall not apply to restrictions or conditions set forth in any agreement 

  
 83 

 
governing Indebtedness not prohibited by Section 6.01; provided that such restrictions and conditions are customary for such Indebtedness, and (ix) the
foregoing shall not apply to restrictions on cash or other deposits (including escrowed funds) imposed under contracts entered into in the ordinary course of business. 

Section 6.06    Transactions with Affiliates. The Borrower will not, and will not permit any of its
Subsidiaries to, sell, lease or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates (other than between or among
the Borrower and its Subsidiaries and not involving any other Affiliate except as otherwise permitted hereunder), except (a) on terms and conditions not less favorable to the Borrower or such Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties, (b) payment of customary directors’ fees, reasonable out-of-pocket
expense reimbursement, indemnities (including the provision of directors and officers insurance) and compensation arrangements for members of the board of directors, officers or other employees of the Borrower or any of its Subsidiaries,
(c) transactions approved by a majority of the disinterested directors of Borrower’s board of directors, (d) any transaction involving amounts less than $500,000 individually and $5,000,000 in the aggregate and (e) any Restricted
Payment permitted by Section 6.04. 
 Section 6.07    Use of Proceeds. The
Borrower will not request any Borrowing, and the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or issuance of any
Letter of Credit (a) in furtherance of an offer, payment, promise to pay, or authorization of payment or giving of money, or anything else of value, to any Person in violation of the FCPA or any applicable Anti-Corruption Laws or Anti-Terrorism
Laws, (b) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Person, or in any country or territory that, at the time of such funding, financing or facilitating, is, or whose government
is, a Sanctioned Person or Sanctioned Entity, to the extent it violates any applicable laws, including but not limited to the FCPA or any Anti-Corruption Laws, or (c) in any manner that would result in the violation of any Sanctions applicable
to any party hereto. 
 Section 6.08    Minimum Liquidity. The Borrower shall not permit the sum of
(a) the aggregate amount of Unrestricted cash and Cash Equivalents held by the Borrower and its Subsidiaries plus (b) the Revolving Commitments less the Aggregate Total Exposure, in each case determined on the last day of any
month, to be less than $50,000,000. 
 ARTICLE 7 

EVENTS OF DEFAULT 

Section 7.01    Events of Default. 

If any of the following events (each, an “Event of Default”) shall occur: 

(a)    the Borrower shall fail to pay (i) any principal of any Loan when and as the same shall become due and
payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise; or (ii) when due any amount payable to the Issuing Bank in reimbursement of any drawing under any Letter of Credit; 

  
 84 

 (b)    the Borrower shall fail to pay any interest on any Loan or any
fee or any other amount (other than an amount referred to in clause (a) of this Article) payable under any of the Loan Documents, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of five
Business Days; 
 (c)    any representation or warranty made or deemed made by or on behalf of the Borrower or any
Subsidiary in or in connection with this Agreement or any other Loan Document or any amendment or modification hereof or thereof or waiver hereunder or thereunder, or in any report, certificate, financial statement or other document furnished
pursuant to or in connection with this Agreement, any other Loan Document or any amendment or modification hereof or thereof or waiver hereunder or thereunder, shall prove to have been incorrect in any material respect (or, in the case of any such
representation or warranty under this Agreement or any other Loan Document already qualified by materiality, such representation or warranty shall prove to have been incorrect) when made or deemed made; 

(d)    the Borrower shall fail to observe or perform any covenant, condition or agreement contained in
Section 5.02, Section 5.03 (solely with respect to the Borrower’s existence), Section 5.09 or in Article 6; 

(e)    the Borrower shall fail to observe or perform any covenant, condition or agreement contained in any of the Loan
Documents (other than those specified in clause (a), (b) or (d) of this Article of this Agreement), and such failure shall continue unremedied for a period of 30 days after notice thereof from the Administrative Agent to the Borrower (which
notice will be given at the request of any Lender); 
 (f)    the Borrower or any Subsidiary shall fail to make any
payment (whether of principal or interest and regardless of amount) in respect of any Material Indebtedness, when and as the same shall become due and payable (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise)
and such failure shall have continued after the applicable grace period, if any; 
 (g)    any event or condition occurs
that results in any Material Indebtedness becoming due prior to its scheduled maturity or that enables or permits (with or without the giving of notice, the lapse of time or both) the holder or holders of such Material Indebtedness or any trustee or
agent on its or their behalf to cause such Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity; provided that this clause (g) shall not apply to
(x) secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness, (y) any redemption, repurchase, conversion or settlement with respect to any convertible debt
instrument (including any termination of any related Swap Agreement) pursuant to its terms unless such redemption, repurchase, conversion or settlement results from a default thereunder or an event of the type that constitutes an Event of Default or
(z) an early payment requirement, unwinding or termination with respect to any Swap Agreement except (i) an early payment, unwinding or termination that results from a default or non-compliance
thereunder by the Borrower or any Subsidiary, or another event of the type that would constitute an Event of Default or (ii) an early termination of such Swap Agreement by the counterparty thereto; 

  
 85 

 (h)    an involuntary proceeding shall be commenced or an involuntary
petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of the Borrower or any Material Subsidiary or its debts, or of a substantial part of its assets, under any Debtor Relief Law or (ii) the appointment
of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any Material Subsidiary or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed for
60 days or an order or decree approving or ordering any of the foregoing shall be entered; 
 (i)    except as may
otherwise be permitted under Section 6.03, the Borrower or any Material Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or other relief under any Debtor
Relief Law, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (h) of this Article, (iii) apply for or consent to the appointment of a receiver,
trustee, custodian, sequestrator, conservator or similar official for the Borrower or any Material Subsidiary or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any
such proceeding, (v) make a general assignment for the benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing; 

(j)    the Borrower or any Material Subsidiary shall become unable, admit in writing its inability or fail generally to
pay its debts as they become due; 
 (k)    one or more judgments for the payment of money in excess of $50,000,000 in
the aggregate shall be rendered against the Borrower, any Subsidiary or any combination thereof (to the extent not paid or covered by a reputable and solvent independent third-party insurance company which has not disputed coverage) and the same
shall remain undischarged for a period of 30 consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of the Borrower or any Subsidiary to
enforce any such judgment and such action shall not be stayed; 
 (l)    one or more ERISA Events shall have occurred,
other than as would not reasonably be expected to result, individually or in the aggregate, in a Material Adverse Effect; 

(m)    a Change in Control shall occur; or 

(n)    (i) any Loan Document, at any time after its execution and delivery and for any reason other than as expressly
permitted hereunder or thereunder or satisfaction in full of all the obligations hereunder or thereunder, ceases to be in full force and effect; or any Loan Party contests in any manner the validity or enforceability of any Loan Document; or
(ii) the Administrative Agent shall not have or shall cease to have a valid and perfected Lien in any material portion of the Collateral purported to be covered by the Collateral Documents with the priority required by the relevant Collateral
Document; 
 then, and in every such event (other than an event with respect to the Borrower described in clause (h) or (i) of this Article), and at
any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower, take either or both of the following actions, at the same or different times:
(i) terminate the Commitments and the obligations of the Issuing Bank to issue any Letter of 

  
 86 

 
Credit, and thereupon the Commitments shall terminate immediately, (ii) (A) declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal
not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the
Borrower accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower or (B) require that the Borrower Cash Collateralize the
Letters of Credit in the amount of the Agreed L/C Cash Collateral Amount of the then Letter of Credit Usage; and in case of any event with respect to the Borrower described in clause (h) or (i) of this Article, the Commitments shall
automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall automatically become due and payable, without presentment,
demand, protest or other notice of any kind, all of which are hereby waived by the Borrower, and (iii) enforce any and all Liens and security interests created pursuant to the Collateral Documents. 

Section 7.02    Application of Funds.    After the exercise of remedies provided for in
Section 7.01 (or after the Loans have automatically become immediately due and payable and the Letter of Credit Usage shall have automatically been required to be Cash Collateralized as set forth in
Section 7.01), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order: 

First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (other than principal
and interest but including fees, charges and disbursements of counsel to the Administrative Agent and the Issuing Bank and amounts payable pursuant to Sections 2.12 and 2.14) payable to the Administrative Agent and the Issuing Bank in
their respective capacity as such; ratably among them in proportion to the respective amounts described in this clause First payable to them; 

Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest
and fees payable to the Lenders (including fees, charges and disbursements of counsel to the respective Lenders and amounts payable pursuant to Sections 2.12 and 2.14)); 

Third, to payment of that portion of the Obligations constituting accrued and unpaid fees and interest on the Loans, Letter of Credit
Usage and other Obligations, ratably among the Lenders and the Issuing Bank in proportion to the respective amounts described in this clause Third held by them; 

Fourth, to payment of that portion of the Obligations constituting unpaid principal and Letter of Credit Usage, ratably among the
Lenders and the Issuing Bank, in proportion to the respective amounts described in this clause Fourth held by them; 
 Fifth, to the
Administrative Agent for the account of the Issuing Bank, to Cash Collateralize that portion of Letter of Credit Usage comprised of the aggregate undrawn amount of Letters of Credit at the Agreed L/C Cash Collateral Amount; and 

  
 87 

 Last, the balance, if any, after all of the Obligations have been indefeasibly paid
in full, to the Borrower or as otherwise required by law. 
 Subject to Section 2.20(c), amounts used to Cash
Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Fifth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all Letters of
Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above, and thereafter applied as provided in clause “Last” above. 

ARTICLE 8 
 THE AGENTS

 Section 8.01    Appointment of Administrative Agent. Morgan Stanley Senior Funding, Inc. is
hereby appointed Administrative Agent hereunder and under the other Loan Documents and each Lender and the Issuing Bank hereby authorizes Morgan Stanley Senior Funding, Inc. to act as Administrative Agent in accordance with the terms hereof and the
other Loan Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Loan Documents, as applicable. The provisions of this Article 8 are solely for the benefit of the Agents
and Lenders and no Loan Party shall have any rights as a third party beneficiary of any of the provisions thereof. In performing its functions and duties hereunder, each Agent shall act solely as a
non-fiduciary agent of Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Borrower or any of its Subsidiaries. As of the
Effective Date, no Arranger in such capacity shall have any obligations but shall be entitled to all benefits of this Article 8. Each Arranger may resign from such role at any time, with immediate effect, by giving prior written notice
thereof to Administrative Agent and Borrower. 
 Section 8.02    Powers and Duties. Each Lender irrevocably
authorizes each Agent to take such action on such Lender’s behalf and to exercise such powers, rights and remedies hereunder and under the other Loan Documents as are specifically delegated or granted to such Agent by the terms hereof and
thereof, together with such powers, rights and remedies as are reasonably incidental thereto. Each Agent shall have only those duties and responsibilities that are expressly specified herein and the other Loan Documents. Each Agent may exercise such
powers, rights and remedies and perform such duties by or through its agents or employees. No Agent shall have, by reason hereof or any of the other Loan Documents, a fiduciary relationship in respect of any Lender or any other Person; and nothing
herein or any of the other Loan Documents, expressed or implied, is intended to or shall be so construed as to impose upon any Agent any obligations in respect hereof or any of the other Loan Documents except as expressly set forth herein or
therein. 
 Section 8.03    General Immunity. (a) No Agent shall be responsible to any Lender for the
execution, effectiveness, genuineness, validity, enforceability, collectability or sufficiency hereof or any other Loan Document or for any representations, warranties, recitals or statements made herein or therein or made in any written or oral
statements or in any financial or other statements, instruments, reports or certificates or any other documents furnished or made by any Agent to Lenders or by or on behalf of any Loan Party to any Agent or any Lender in connection

  
 88 

 
with the Loan Documents and the transactions contemplated thereby or for the financial condition or business affairs of any Loan Party or any other Person liable for the payment of any
Obligations, nor shall any Agent be required to ascertain or inquire as to the performance or observance of any of the terms, conditions, provisions, covenants or agreements contained in any of the Loan Documents or as to the use of the proceeds of
the Loans or as to the existence or possible existence of any Event of Default or Default or to make any disclosures with respect to the foregoing. Anything contained herein to the contrary notwithstanding, Administrative Agent shall not have any
liability arising from confirmations of the amount of outstanding Loans or the component amounts thereof. 
 (b)    No
Agent nor any of its officers, partners, directors, employees or agents shall be liable to Lenders for any action taken or omitted by any Agent under or in connection with any of the Loan Documents except to the extent caused by such Agent’s
gross negligence or willful misconduct, as determined by a final, non-appealable judgment of a court of competent jurisdiction. Each Agent shall be entitled to refrain from any act or the taking of any action
(including the failure to take an action) in connection herewith or any of the other Loan Documents or from the exercise of any power, discretion or authority vested in it hereunder or thereunder unless and until such Agent shall have received
instructions in respect thereof from Required Lenders (or such other Lenders as may be required to give such instructions under Section 9.02) and, upon receipt of such instructions from Required Lenders (or such other
Lenders, as the case may be), such Agent shall be entitled to act or (where so instructed) refrain from acting, or to exercise such power, discretion or authority, in accordance with such instructions, including for the avoidance of doubt refraining
from any action that, in its opinion or the opinion of its counsel, may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of
any Debtor Relief Law. Without prejudice to the generality of the foregoing, (i) each Agent shall be entitled to rely, and shall be fully protected in relying, upon any communication, instrument or document believed by it to be genuine and
correct and to have been signed or sent by the proper Person or Persons, and shall be entitled to rely and shall be protected in relying on opinions and judgments of attorneys (who may be attorneys for Borrower and its Subsidiaries), accountants,
experts and other professional advisors selected by it; and (ii) no Lender shall have any right of action whatsoever against any Agent as a result of such Agent acting or (where so instructed) refraining from acting hereunder or any of the
other Loan Documents in accordance with the instructions of Required Lenders (or such other Lenders as may be required to give such instructions under Section 9.02). 

Administrative Agent may perform any and all of its duties and exercise its rights and powers under this Agreement or under any other Loan
Document by or through any one or more sub-agents appointed by Administrative Agent. Administrative Agent and any such sub-agent may perform any and all of its duties
and exercise its rights and powers by or through their respective Affiliates. The exculpatory, indemnification and other provisions of this Section 8.03 and of Section 8.06 shall apply to any the
Affiliates of Administrative Agent and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. All of the rights, benefits, and
privileges (including the exculpatory and indemnification provisions) of this Section 8.03 and of Section 8.06 shall apply to any such sub-agent and to the
Affiliates of any such sub-agent, and shall apply to their respective activities as sub-agent as if such sub-agent and Affiliates
were 

  
 89 

 
named herein. Notwithstanding anything herein to the contrary, with respect to each sub-agent appointed by Administrative Agent, (i) such sub-agent shall be a third party beneficiary under this Agreement with respect to all such rights, benefits and privileges (including exculpatory rights and rights to indemnification) and shall have all of the
rights and benefits of a third party beneficiary, including an independent right of action to enforce such rights, benefits and privileges (including exculpatory rights and rights to indemnification) directly, without the consent or joinder of any
other Person, against any or all of Loan Parties and the Lenders, (ii) such rights, benefits and privileges (including exculpatory rights and rights to indemnification) shall not be modified or amended without the consent of such sub-agent, and (iii) such sub-agent shall only have obligations to Administrative Agent and not to any Loan Party, Lender or any other Person and no Loan Party, Lender or
any other Person shall have any rights, directly or indirectly, as a third party beneficiary or otherwise, against such sub-agent. 

Section 8.04    Administrative Agent Entitled to Act as Lender. The agency hereby created shall in no way
impair or affect any of the rights and powers of, or impose any duties or obligations upon, any Agent in its individual capacity as a Lender hereunder. With respect to its participation in the Loans, each Agent shall have the same rights and powers
hereunder as any other Lender and may exercise the same as if it were not performing the duties and functions delegated to it hereunder, and the term “Lender” shall, unless the context clearly otherwise indicates, include each Agent
in its individual capacity. Any Agent and its Affiliates may accept deposits from, lend money to, own securities of, and generally engage in any kind of banking, trust, financial advisory or other business with Borrower or any of its Affiliates as
if it were not performing the duties specified herein, and may accept fees and other consideration from Borrower for services in connection herewith and otherwise without having to account for the same to Lenders. 

Section 8.05    Lenders’ Representations, Warranties and Acknowledgment. (a) Each
Lender represents and warrants that it has made its own independent investigation of the financial condition and affairs of Borrower and its Subsidiaries in connection with Loans and/or Letters of Credit issued hereunder and that it has made and
shall continue to make its own appraisal of the creditworthiness of Borrower and its Subsidiaries. No Agent shall have any duty or responsibility, either initially or on a continuing basis, to make any such investigation or any such appraisal on
behalf of Lenders or to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter, and no Agent shall have any responsibility
with respect to the accuracy of or the completeness of any information provided to Lenders. 
 (b)    Each Lender, by
delivering its signature page to this Agreement, an Assignment and Assumption or an Incremental Amendment and funding its Revolving Loans, if applicable, on the Effective Date, funding its Term Loans, if applicable, on the Eighth Amendment Effective
Date, or by the funding of any New Loans, as the case may be, shall be deemed to have acknowledged receipt of, and consented to and approved, each Loan Document and each other document required to be approved by any Agent, the Issuing Bank or the
Lenders, as applicable, on the Effective Date, the Eighth Amendment Effective Date or as of the date of funding of such New Loans, as applicable. 

  
 90 

 Section 8.06    Right to Indemnity. Each Lender, in
proportion to its Pro Rata Share, severally agrees to indemnify each Agent, to the extent that such Agent shall not have been reimbursed by any Loan Party, for and against any and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses (including counsel fees and disbursements) or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against such Agent in exercising its powers, rights and remedies or
performing its duties hereunder or under the other Loan Documents or otherwise in its capacity as such Agent in any way relating to or arising out of this Agreement or the other Loan Documents; provided no Lender shall be liable for any
portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such Agent’s gross negligence or willful misconduct, as determined by a final, non-appealable judgment of a court of competent jurisdiction. If any indemnity furnished to any Agent for any purpose shall, in the opinion of such Agent, be insufficient or become impaired, such Agent may call for
additional indemnity and cease, or not commence, to do the acts indemnified against until such additional indemnity is furnished; provided in no event shall this sentence require any Lender to indemnify any Agent against any liability,
obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement in excess of such Lender’s Pro Rata Share thereof; and provided, further, this sentence shall not be deemed to require any Lender to
indemnify any Agent against any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement described in the proviso in the immediately preceding sentence. 

Section 8.07    Successor Administrative Agent. Administrative Agent shall have the right to resign at any
time by giving prior written notice thereof to Lenders and Borrower. Administrative Agent shall have the right to appoint a financial institution to act as Administrative Agent hereunder, subject to the reasonable satisfaction of Borrower and the
Required Lenders, and Administrative Agent’s resignation shall become effective on the earliest of (i) 30 days after delivery of the notice of resignation (regardless of whether a successor has been appointed or not), (ii) the acceptance of
such successor Administrative Agent by Borrower and the Required Lenders, or (iii) such other date, if any, agreed to by the Required Lenders. Upon any such notice of resignation, if a successor Administrative Agent has not already been
appointed by the retiring Administrative Agent, Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor Administrative Agent. If neither Required Lenders nor Administrative Agent have appointed a successor
Administrative Agent, Required Lenders shall be deemed to have succeeded to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent. Upon the acceptance of any appointment as Administrative Agent
hereunder by a successor Administrative Agent, that successor Administrative Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent and the retiring Administrative
Agent shall promptly (i) transfer to such successor Administrative Agent all sums held under the Loan Documents, together with all records and other documents necessary or appropriate in connection with the performance of the duties of the
successor Administrative Agent under the Loan Documents, and (ii) take such other actions, as may be necessary or appropriate in connection with the assignment to such successor Administrative Agent of the Loan Documents, whereupon such
retiring Administrative Agent shall be discharged from its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Article). After any retiring Administrative Agent’s
resignation hereunder as 

  
 91 

 
Administrative Agent, the provisions of this Article 8 and Section 9.03 shall inure to its benefit as to any actions taken or omitted to be taken by it while it
was Administrative Agent hereunder. 
 Section 8.08    Guaranty and Collateral Documents.
(a) Each Lender hereby further authorizes Administrative Agent, on behalf of and for the benefit of the Lenders, to be the non-fiduciary agent for and representative of the Lenders with respect to the
Guaranty, the Collateral Documents and the other Loan Documents. Subject to Section 9.02, without further written consent or authorization from any Lender, Administrative Agent may execute any documents or instruments
necessary to release any Collateral or any Guarantor from the Guaranty, in each case pursuant to Section 9.17 or with respect to which Required Lenders (or such other Lenders as may be required to give such consent under
Section 9.02) have otherwise consented. 
 (b)    Anything contained in any of the Loan
Documents to the contrary notwithstanding, Borrower, Administrative Agent and each Lender hereby agree that (i) no Lender shall have any right individually to enforce the Guaranty or any Collateral Document, it being understood and agreed that
all powers, rights and remedies hereunder and under any of the Loan Documents may be exercised solely by Administrative Agent, for the benefit of the Lenders in accordance with the terms hereof and thereof, and (ii) in the event of a
foreclosure by the Administrative Agent on any of the Collateral pursuant to a public or private sale or other disposition, the Administrative Agent or any Lender may be the purchaser or licensor of any or all of such Collateral at any such sale or
other disposition and the Administrative Agent, as agent for and representative of the Secured Parties (but not any Lender or Lenders in its or their respective individual capacities unless Required Lenders shall otherwise agree in writing) shall be
entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Obligations as a credit on account of the purchase price
for any collateral payable by the Administrative Agent at such sale or other disposition. 
 (c)    Notwithstanding
anything to the contrary contained herein or any other Loan Document, when all Obligations have been paid in full and all Commitments have terminated or expired, upon request of Borrower, Administrative Agent shall take such actions as shall be
required to release all guarantee obligations and Collateral provided for in any Loan Document. Any such release of guarantee obligations shall be deemed subject to the provision that such guarantee obligations shall be reinstated if after such
release any portion of any payment in respect of the Obligations guaranteed thereby shall be rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of Borrower or any
Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, Borrower or any Guarantor or any substantial part of its property, or otherwise, all as though such payment had not
been made. 
 Section 8.09    Withholding Taxes. To the extent required by any applicable law,
Administrative Agent may withhold from any payment to any Lender an amount equivalent to any applicable withholding Tax. If the Internal Revenue Service or any other Governmental Authority asserts a claim that Administrative Agent did not properly
withhold Tax from amounts paid to or for the account of any Lender because the appropriate form was not delivered or was not properly executed or because such Lender failed to notify Administrative Agent of a change in circumstance which rendered
the exemption from, or reduction of, withholding Tax ineffective 

  
 92 

 
or for any other reason, or if Administrative Agent reasonably determines that a payment was made to a Lender pursuant to this Agreement without deduction of applicable withholding tax from such
payment, such Lender shall indemnify Administrative Agent fully for all amounts paid, directly or indirectly, by Administrative Agent as Tax or otherwise, including any penalties or interest and together with all expenses (including legal expenses,
allocated internal costs and out-of-pocket expenses) incurred. 

Section 8.10    Administrative Agent May File Bankruptcy Disclosure and Proofs of Claim. In case of the
pendency of any proceeding under any Debtor Relief Laws relative to any Loan Party, Administrative Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein expressed or by declaration or otherwise and
irrespective of whether Administrative Agent shall have made any demand on Borrower) shall be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise: 

(a)    to file a verified statement pursuant to rule 2019 of the Federal Rules of Bankruptcy Procedure that, in its sole
opinion, complies with such rule’s disclosure requirements for entities representing more than one creditor; 

(b)    to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the
Loans and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Administrative Agent (including any claim for the reasonable compensation,
expenses, disbursements and advances of Administrative Agent and its respective agents and counsel and all other amounts due Administrative Agent under Sections 2.09 and 9.03 allowed in such judicial proceeding); and 

(c)    to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the
same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby
authorized by each Lender to make such payments to Administrative Agent and, in the event that Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to Administrative Agent any amount due for the
reasonable compensation, expenses, disbursements and advances of Administrative Agent and its agents and counsel, and any other amounts due Administrative Agent under Sections 2.09 and 9.03. To the extent that the payment of any such
compensation, expenses, disbursements and advances of Administrative Agent, its agents and counsel, and any other amounts due Administrative Agent under Sections 2.09 and 9.03 out of the estate in any such proceeding, shall be denied
for any reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties that the Lenders may be entitled to receive in such proceeding whether in
liquidation or under any plan of reorganization or arrangement or otherwise. 
 Nothing contained herein shall be deemed to authorize Administrative Agent
to authorize or consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize Administrative Agent to vote in respect of
the claim of any Lender in any such proceeding. 

  
 93 

 Section 8.11    Certain ERISA Matters. Each Lender
(x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit
of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that at least one of the following is and will be true: 

(a)    such Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise)
of one or more Benefit Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments or this Agreement, 

(b)    the transaction exemption set forth in one or more PTEs, such as PTE 84-14
(a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general
accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain
transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable
with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, 

(c)    (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the
meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the
Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or 

(d)    such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in
its sole discretion, and such Lender. 
 In addition, unless either (1) the immediately preceding clause (a) is true with respect to a Lender or
(2) a Lender has provided another representation, warranty and covenant in accordance with the immediately preceding clause (d), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to,
and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of the
Borrower or any other Loan Party, that the Administrative Agent is not a fiduciary with respect to the assets of such Lender involved in such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters
of Credit, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the 

  
 94 

 
Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto). 

ARTICLE 9 

MISCELLANEOUS 

Section 9.01    Notices. (a) Except in the case of notices and other communications expressly permitted
to be given by telephone (and subject to paragraph (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or
sent by telecopy, as follows: 
 (i)    if to the Borrower, to it at: 

Palantir Technologies Inc. 

100 Hamilton Avenue, Suite 300 

Palo Alto, California 94301 

Attention: Chief Financial Officer 

with a copy to: 
 Palantir
Technologies Inc. 
 100 Hamilton Avenue, Suite 300 

Palo Alto, California 94301 

Attention: Matt Long, Legal Counsel 

with a copy to: 
 Wilson
Sonsini Goodrich & Rosati, P.C. 
 650 Page Mill Road 

Palo Alto, California 94304 

Attention: Andrew J. Hirsch 

(ii)    if to the Administrative Agent, to it at: 

Morgan Stanley Senior Funding, Inc. 

1 New York Plaza, 41st Floor 

New York, New York, 10004 

Attention: Agency Team 
 with a
copy to: 
 Skadden, Arps, Slate, Meagher & Flom LLP. 

One Manhattan West 
 New York,
New York 10001 
 Attention: Stephanie L. Teicher 

  
 95 

 (iii)     if to any other Lender or the Issuing Bank, to it at its
address (or telecopy number) set forth in its Administrative Questionnaire. 
 Notices and other communications sent by hand or overnight
courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and other communications sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal
business hours for the recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient). Notices and other communications delivered through electronic communications to the extent provided in
subsection (b) below, shall be effective as provided in such subsection (b). 
 (b)    Notices and other
communications to the Lenders and the Issuing Bank hereunder may be delivered or furnished by electronic communications pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices
pursuant to Article 2 unless otherwise agreed by the Administrative Agent and the applicable Lender or the Issuing Bank. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to
it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications. Unless the Administrative Agent otherwise prescribes,
(i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return
receipt requested” function, as available, return e-mail or other written acknowledgement), and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon
the deemed receipt by the intended recipient, at its e-mail address as described in the foregoing clause (i), of notification that such notice or communication is available and identifying the website address
therefor; provided that, for both clauses (i) and (ii) above, if such notice, email or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at
the opening of business on the next Business Day for the recipient. 
 (c)    Any party hereto may change its address or
telecopy number for notices and other communications hereunder by notice to the other parties hereto. 
 (d)    The
Borrower agrees that the Administrative Agent may make the Communications (as defined below) available to the Lenders and the Issuing Bank by posting the Communications on Debt Domain, IntraLinks, Syndtrak, the Internet or another similar electronic
system (the “Platform”). THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” The Agent Parties (as defined below) do not warrant the adequacy of the Platform and expressly disclaim liability for errors or
omissions in the communications effected thereby (the “Communications”). No warranty of any kind, express, implied or statutory, including any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects, is made by any Agent Party in connection with the Communications or the Platform. In no event shall the Administrative Agent or
any of its Related Parties (collectively, the “Agent Parties”) be responsible or liable for damages arising from the unauthorized use by others of information or other materials obtained through internet, electronic,
telecommunications or other information transmission, except to the extent that such damages have resulted from the willful misconduct or gross negligence of such 

  
 96 

 
Agent Party (as determined in a final, non-appealable judgment by a court of competent jurisdiction). 

Section 9.02    Waivers; Amendments. (a) No failure or delay by the Administrative Agent, the Issuing
Bank or any Lender in exercising any right or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power,
preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Issuing Bank and the Lenders hereunder are cumulative and are not exclusive of any rights or
remedies that they would otherwise have. No waiver of any provision of this Agreement or any other Loan Document or consent to any departure by the Borrower therefrom shall in any event be effective unless the same shall be permitted by paragraph
(b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit
shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, the Issuing Bank or any Lender may have had notice or knowledge of such Default at the time. 

(b)    None of this Agreement, any other Loan Document or any provision hereof or thereof may be waived, amended or
modified except pursuant to an agreement or agreements in writing entered into by the Borrower and the Required Lenders or by the Borrower and the Administrative Agent with the consent of the Required Lenders; provided, however, that
no such amendment, waiver or consent shall: (i) extend or increase the Commitment of any Lender without the written consent of such Lender, (ii) reduce the principal amount of any Loan or Letter of Credit or reduce the rate of interest
thereon, or reduce any fees payable hereunder, without the written consent of each Lender directly affected thereby, (iii) postpone the scheduled date of payment of the principal amount of any Loan or Letter of Credit, or any interest thereon,
or any fees payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date of expiration of any Commitment, without the written consent of each Lender directly affected thereby; provided,
however, that notwithstanding clause (ii) or (iii) of this Section 9.02(b), only the consent of the Required Lenders shall be necessary to waive any obligation of the Borrower to pay interest at the default rate
set forth in Section 2.10(c), (iv) change Section 2.15(b), Section 2.15(c), Section 7.02 or any other Section hereof providing for the ratable
treatment of the Lenders, in each case in a manner that would alter the order of payments or the pro rata sharing of payments required thereby, without the written consent of each Lender, (v) release all or substantially all of the value
of any Guaranty or the Collateral, without the written consent of each Lender, except to the extent the release of any Guarantor or Collateral is permitted pursuant to Article 8 or Section 9.17 (in which case such
release may be made by the Administrative Agent acting alone), (vi) change any of the provisions of this Section or the percentage referred to in the definition of “Required Lenders” or any other provision hereof specifying the number or
percentage of Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the written consent of each Lender, or (vii) waive any condition set forth in
Section 4.01 (other than as it relates to the payment of fees and expenses of counsel), or, in the case of any Loans made on the Effective Date, Section 4.02, without the written consent of each
Lender and the Issuing Bank. Notwithstanding anything to the contrary herein, (i) no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent or the Issuing Bank hereunder

  
 97 

 
without the prior written consent of the Administrative Agent or the Issuing Bank, as the case may be (it being understood that any change to Sections 2.17 and 2.20 shall
require the consent of the Administrative Agent and the Issuing Bank), and (ii) any provision of this Agreement or any other Loan Document may be amended by an agreement in writing entered into by the Borrower and the Administrative Agent to
cure any ambiguity, omission, defect or inconsistency, so long as, in each case, the Lenders shall have received at least five Business Days’ prior written notice thereof and the Administrative Agent shall not have received, within five
Business Days of the date of such notice to the Lenders, a written notice from the Required Lenders stating that the Required Lenders object to such amendment. 

(c)    Notwithstanding the provisions of Section 9.02(b), this Agreement may be amended as
contemplated by Section 2.18 to effect New Revolving Commitments or New Loans pursuant to an Incremental Amendment with only the consent of the Administrative Agent, the Borrower and the New Lenders providing such New
Commitments and/or New Loans. 
 Section 9.03    Expenses; Indemnity; Damage Waiver. (a) The Borrower
shall pay (i) all reasonable and documented out of pocket expenses incurred by the Administrative Agent, the Issuing Bank, the Arranger and their respective Affiliates, including, without limitation, the reasonable and documented fees,
disbursements and other charges of one firm of counsel for the Administrative Agent, the Issuing Bank, and the Arranger, taken as a whole, (and if reasonably necessary (as determined by the Administrative Agent in consultation with the Borrower), of
a single regulatory counsel and a single local counsel in each appropriate jurisdiction) in connection with the syndication of the credit facilities provided for herein, the preparation, execution, delivery and administration of this Agreement, any
other Loan Document or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated); provided that the Borrower’s obligations under
this clause (a)(i) solely with respect to the preparation, execution and delivery of the Loan Documents on the Effective Date shall be subject to the limitation provided for in the Engagement Letter, and (ii) all documented out-of-pocket expenses incurred by the Administrative Agent, the Issuing Bank, the Arranger or any Lender, including, without limitation, the fees, disbursements and other
charges of one firm of counsel for the Administrative Agent, the Issuing Bank and the Arranger, taken as a whole, (and if reasonably necessary (as determined by the Administrative Agent in consultation with the Borrower), of a single regulatory
counsel and a single local counsel in each appropriate jurisdiction and in the case of an actual or potential conflict of interest where the Administrative Agent, the Issuing Bank or any Arranger affected by such conflict informs the Borrower of
such conflict and thereafter retains its own counsel, of another firm of counsel for such affected person), in connection with the enforcement or protection of its rights in connection with this Agreement or any other Loan Document, including its
rights under this Section, or in connection with the Loans made hereunder, including all such out-of pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans. 

(b)    The Borrower shall indemnify the Administrative Agent, the Issuing Bank, the Arranger and each Lender, and each
Related Party, successor, partner, representative or assign of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages,
liabilities, costs or reasonable and documented expenses, including the fees, charges and disbursements of any 

  
 98 

 
counsel for any Indemnitee, incurred by or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in connection with, or as a result of
(i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the performance by the parties hereto of their respective obligations hereunder or the consummation of the Transactions
or any other transactions contemplated hereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan
Documents, (ii) any Loan or the use of the proceeds therefrom, (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned, leased or operated by the Borrower or any of its Subsidiaries, or any
Environmental Liability related in any way to the Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any
other theory and, in each case, regardless of whether any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or the Borrower or any Affiliate of the Borrower or any security holder or creditor with
respect thereto or any other Person); provided that such indemnity shall not, as to any Indemnitee, be available, (w) with respect to Taxes (other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim), the indemnification for which shall be governed solely and exclusively by Section 2.14, (x) to the extent that such losses, claims, damages, liabilities, costs or reasonable
and documented expenses are determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee, (y) if
resulting from a material breach by such Indemnitee or one of its Affiliates of its obligations under this Agreement or any other Loan Document (as determined by a court of competent jurisdiction by final and
non-appealable judgment), or (z) if arising from any dispute between and among Indemnitees that does not involve an act or omission by the Borrower or its Subsidiaries (as determined by a court of
competent jurisdiction by final and non-appealable judgment) other than any proceeding against the Administrative Agent or Arranger in such capacity. The Borrower will not be required to indemnify any
Indemnitee for any amount paid or payable by such Indemnitee in the settlement of any such indemnified losses, claims, damages, liabilities, costs or reasonable and documented expenses which is entered into by such Indemnitee without Borrower’s
written consent (such consent not to be unreasonably withheld, conditioned or delayed); provided that (A) Borrower shall be deemed to consent to such settlement if it does not respond to the Indemnitee’s request within 5 Business
Days; (B) the foregoing indemnity will apply if the Borrower shall have been offered an opportunity to assume the defense of such matter and shall have declined to do so and (C) the foregoing indemnity will apply if there is a final
judgment in such proceeding. In the case of any proceeding to which the indemnity in this paragraph applies, such indemnity and reimbursement obligations shall be effective, whether or not such proceeding is brought by the Borrower, any of its
securityholders or creditors, an Indemnitee or any other Person, or an Indemnitee is otherwise a party thereto. 
 Without limiting in any
way the indemnification obligations of the Borrower pursuant to Section 9.03(b) or of the Lenders pursuant to Section 8.06, to the extent permitted by applicable law, each party hereto shall not
assert, and hereby waives, any claim against any Indemnitee or the Borrower or any of its Subsidiaries, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the Transactions or any Loan or Letter of Credit or the use of 

  
 99 

 
the proceeds thereof (other than, in the case of the Borrower, in respect of any such damages incurred or paid by an Indemnitee to a third party); provided that nothing contained in this
Section 9.03(b) shall limit the Borrower’s indemnification obligations set forth in Section 9.03(b) No Indemnitee shall be liable for any damages arising from the use by unintended recipients
of any information or other materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the
transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a final and non-appealable
judgment of a court of competent jurisdiction. 
 (c)    All amounts due under this Section shall be payable promptly
after written demand therefor. 
 Section 9.04    Successors and Assigns. (a) The provisions of this
Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that (i) the Borrower may not assign or otherwise transfer any of its rights or obligations
hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by the Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations
hereunder except in accordance with this Section. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants
(to the extent provided in paragraph (c) of this Section) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by
reason of this Agreement. 
 (b)    (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may
assign to one or more assignees (but not to the Borrower or an Affiliate thereof or to a natural person (or a holding company, investment vehicle or trust for, or owned and operated by or for the primary benefit of a natural person) or any other
person in Section 9.04(b)(ii)(E)) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it) with the prior written consent (such
consent not to be unreasonably withheld or delayed) of: 
 (A)    the Borrower; provided that no
consent of the Borrower shall be required for an assignment to a Lender, an Affiliate of a Lender, an Approved Fund or, if an Event of Default has occurred and is continuing, any other assignee; and provided, further, that the Borrower
shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within 10 Business Days after having received notice thereof; 

(B)    the Administrative Agent; provided that no consent of the Administrative Agent shall be
required for an assignment of any Commitment to an assignee that is a Lender with a Commitment 

  
 100 

 
immediately prior to giving effect to such assignment, an Affiliate of a Lender, or an Approved Fund; and 

(C)    the Issuing Bank, provided that no consent of the Issuing Bank shall be required for an assignment
of any Commitment to an assignee that is a Lender with a Commitment immediately prior to giving effect to such assignment, an Affiliate of a Lender, or an Approved Fund. 

(ii)    Assignments shall be subject to the following additional conditions: 

(A)    except in the case of an assignment to a Lender or an Affiliate of a Lender or an assignment of the
entire remaining amount of the assigning Lender’s Commitment or Loans, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such
assignment is delivered to the Administrative Agent) shall not be less than $5,000,000 (or a greater amount that is an integral multiple of $1,000,000) unless each of the Borrower and the Administrative Agent otherwise consent; provided that
no such consent of the Borrower shall be required if an Event of Default has occurred and is continuing; provided further that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written
notice to the Administrative Agent within 10 Business Days after having received notice thereof; 

(B)    each partial assignment shall be made as an assignment of a proportionate part of all the assigning
Lender’s rights and obligations under this Agreement; 
 (C)    the parties to each assignment shall
execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500; 

(D)    the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an
Administrative Questionnaire in which the assignee designates one or more credit contacts to whom all syndicate-level information (which may contain material non-public information about the Borrower and its
Related Parties or their respective securities) will be made available and who may receive such information in accordance with the assignee’s compliance procedures and applicable laws, including Federal and state securities laws; 

(E)    no such assignment shall be made to (i) any Loan Party nor any Affiliate of a Loan Party,
(ii) any Defaulting Lender or any of its subsidiaries, or any Person, who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (ii), or (iii) any natural person (or a holding company,
investment vehicle or 

  
 101 

 
trust for, or owned operated by or for the primary benefit of a natural person); and 

(F)    in connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no
such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon
distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Borrower and the Administrative Agent,
the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment
liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon), and (y) acquire (and fund as appropriate) its full pro rata share of all Loans in accordance with its Pro
Rata Share. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable law without compliance with the provisions of this paragraph, then the
assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

(iii)    Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) of this Section, from and after the
effective date specified in each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of
the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Section 2.12,
Section 2.13, Section 2.14 and Section 9.03); provided that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting
Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply
with this Section shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (c) of this Section. 

(iv)     The Administrative Agent, acting for this purpose as a non-fiduciary
agent of the Borrower, shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitment of, and amounts on the Loans owing
to, each Lender 

  
 102 

 
pursuant to the terms hereof from time to time, and its interest in any Letter of Credit issued hereunder (the “Register”). The entries in the Register shall be conclusive
(absent manifest error), and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding
notice to the contrary. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice. The Borrower agrees to indemnify the Administrative Agent from and
against any and all losses, claims, damages and liabilities of whatsoever nature which may be imposed on, asserted against or incurred by the Administrative Agent in performing its duties under this Section 9.04(b)(iv),
except to the extent that such losses, claims, damages or liabilities are determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted from the gross negligence or
willful misconduct of the Administrative Agent. The Loans (including principal and interest) are registered obligations and the right, title, and interest of any Lender or its assigns in and to such Loans shall be transferable only upon notation of
such transfer in the Register. 
 (v)    Upon its receipt of a duly completed Assignment and Assumption executed by an
assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any
written consent to such assignment required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register; provided that if either the
assigning Lender or the assignee shall have failed to make any payment required to be made by it pursuant to Section 2.04(b), Section 2.15(d) or Section 8.06, the
Administrative Agent shall have no obligation to accept such Assignment and Assumption and record the information therein in the Register unless and until such payment shall have been made in full, together with all accrued interest thereon. No
assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph. 

(c)    (i) Any Lender may, without the consent of, or notice to, the Borrower, the Administrative Agent or the Issuing
Bank, sell participations to one or more banks or other entities (but not to the Borrower or an Affiliate thereof or to a natural person (or a holding company, investment vehicle or trust for, or owned operated by or for the primary benefit of a
natural person)) (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans owing to it); provided that (A) such
Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (C) the Borrower, the Administrative Agent, the
Issuing Bank and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a
participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide
that such Lender will not, without the consent of the Participant, agree to any amendment, modification or 

  
 103 

 
waiver described in the first proviso to Section 9.02(b) that affects such Participant. Subject to paragraph (c)(ii) of this Section, the Borrower agrees that each
Participant shall be entitled to the benefits of Sections 2.12, 2.13 and 2.14 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section. To the extent
permitted by law, each Participant also shall be entitled to the benefits of Section 9.08 as though it were a Lender; provided such Participant agrees to be subject to Section 2.15(c) as
though it were a Lender. 
 (ii)    A Participant shall not be entitled to receive any greater payment under Sections
2.12 or 2.14 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant except to the extent such entitlement to receive a greater payment results from a Change in Law
requiring a payment under Section 2.12 or 2.14 that occurs after the Participant acquired the applicable participation. Participants entitled to the benefits of Sections 2.12, 2.13 and 2.14 are
entitled to such benefits subject to the requirements and limitations therein, including the requirements under Sections 2.14(f) and 2.14(g) (it being understood that the documentation required under Sections 2.14(f) and
2.14(g) shall be delivered to the participating Lender). 
 (iii)     Each Lender that sells a participation
shall, acting solely for this purpose as a nonfiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the
Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any
Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish
that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be
conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the
avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

(d)    Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this
Agreement to secure obligations of such Lender, including without limitation any pledge or assignment to secure obligations to a Federal Reserve Bank or any other central bank having jurisdiction over such Lender, and this Section shall not apply to
any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as
a party hereto. 
 Section 9.05    Survival. All covenants, agreements, representations and warranties made
by the Borrower herein and in the certificates or other instruments delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the other parties 

  
 104 

 
hereto and shall survive the execution and delivery of this Agreement and the making of any Loans, regardless of any investigation made by any such other party or on its behalf and
notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as
the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid and so long as the Commitments have not expired or terminated. The provisions of
Section 2.12, Section 2.13, Section 2.14 and Section 9.03 and Article 8 shall survive and remain in full force and effect regardless of
the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Commitments, the resignation of the Administrative Agent, the replacement of any Lender, or the termination of this Agreement
or any provision hereof. 
 Section 9.06    Counterparts; Integration; Effectiveness. This Agreement may be
executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement, the other Loan Documents and
any separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or
written, relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall
have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.
Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this Agreement. 

Section 9.07    Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in
any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a
particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section, if and to the extent that the enforceability of any provisions in this
Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent, then such provisions shall be deemed to be in effect only to the extent not so limited. 

Section 9.08    Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender and
each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held by, and
other obligations at any time owing by such Lender or Affiliate to or for the credit or the account of the Borrower against any of and all the obligations of the Borrower now or hereafter existing under this Agreement held by such Lender,
irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations may be unmatured; provided that in the event that any Defaulting Lender shall exercise any such right of setoff,
(x) all amounts so set off 

  
 105 

 
shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.17 and, pending such payment, shall be
segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement
describing in reasonable detail the obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender under this Section are in addition to other rights and remedies (including other rights of
setoff) which such Lender may have. Each Lender agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application; provided that the failure to give such notice shall not affect the validity of such
setoff and application. 
 Section 9.09    Governing Law; Jurisdiction; Consent to Service of Process. 

(a)    THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE UNDER OR RELATING TO THIS AGREEMENT, WHETHER BASED IN
CONTRACT (AT LAW OR IN EQUITY), TORT OR ANY OTHER THEORY, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

(b)    The Borrower hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive
jurisdiction of the Supreme Court of the State of New York sitting in New York County, Borough of Manhattan and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or
proceeding arising out of or relating to this Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may
be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that the Administrative Agent or any Lender may otherwise have to bring any action or proceeding relating to this
Agreement against the Borrower or its properties in the courts of any jurisdiction. 
 (c)    The Borrower hereby
irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this
Agreement in any court referred to in paragraph (b) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or
proceeding in any such court. 
 (d)    Each party to this Agreement irrevocably consents to service of process in the
manner provided for notices in Section 9.01. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

Section 9.10    Waiver Of Jury Trial. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY  

  
 106 

 
OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT (AT LAW OR IN EQUITY), TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

Section 9.11    Headings. Article and Section headings and the Table of Contents used herein are for
convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

Section 9.12    Confidentiality. (a) Each of the Administrative Agent and the Lenders agrees to maintain
the confidentiality of the Information (as defined below) and to not use the Information for any purpose except in connection with the Loan Documents, except that Information may be disclosed (i) to its and its Affiliates’ directors,
officers, employees, and agents, including accountants, legal counsel and other professionals, experts or advisors, or to any credit insurance provider relating to the Borrower and its obligations, in each case whom it reasonably determines needs to
know such information in connection with this Agreement and the transactions contemplated hereby and who are informed of the confidential nature of such Information and instructed to keep such Information confidential, (ii) to the extent
requested by any rating agency or regulatory authority, examiner regulating banks or banking, or other self-regulatory authority having or claiming oversight over Administrative Agent, any Lender or any of their respective Affiliates,
(iii) pursuant to the order of any court or administrative agency or in any pending legal, judicial or administrative proceeding, or otherwise as required by applicable laws or regulations or by any subpoena or similar legal process based on
the advice of counsel (in which case the Administrative Agent or such Lender, as applicable, agrees, to the extent permitted by applicable law, to inform the Borrower promptly thereof), (iv) to any other party to this Agreement, (v) in
connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder, (vi) subject to an agreement containing provisions substantially the same as those of
this Section, to (A) any assignee of or Participant in, or any prospective assignee of or prospective Participant in, any of its rights or obligations under this Agreement or (B) any actual or prospective counterparty (or its advisors) to
any swap or derivative transaction relating to the Borrower and its obligations, (vii) with the consent of the Borrower, (viii) to the extent such Information (A) becomes publicly available other than as a result of a breach of this
Section, (B) becomes available to the Administrative Agent or any Lender on a nonconfidential basis from a source other than the Borrower or (C) is independently developed by the Administrative Agent or a Lender, (ix) for purposes of
establishing a “due diligence” defense or (x) upon the prior written consent of the Borrower, to data service providers, including league table providers, that serve the lending industry, to the extent such Information is of the type
routinely provided by arrangers to such data service providers. For the purposes of this Section, “Information” means all memoranda or other information received from or on behalf of the Borrower relating to the Borrower or its business
that is clearly identified by the Borrower as confidential, other than any 

  
 107 

 
such information that is available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by the Borrower. Any Person required to maintain the confidentiality of
Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own
confidential information. 
 (b)    EACH LENDER ACKNOWLEDGES THAT INFORMATION AS DEFINED IN SECTION 9.12(A)
FURNISHED TO IT PURSUANT TO THIS AGREEMENT MAY INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING THE BORROWER AND ITS RELATED PARTIES OR THEIR RESPECTIVE SECURITIES, AND CONFIRMS THAT IT HAS DEVELOPED
COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT WILL HANDLE SUCH MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE
PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS. 
 (c)    ALL INFORMATION, INCLUDING
REQUESTS FOR WAIVERS AND AMENDMENTS, FURNISHED BY THE BORROWER OR THE ADMINISTRATIVE AGENT PURSUANT TO, OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT WILL BE SYNDICATE-LEVEL INFORMATION, WHICH MAY CONTAIN MATERIAL
NON-PUBLIC INFORMATION ABOUT THE BORROWER AND ITS RELATED PARTIES OR ITS SECURITIES. ACCORDINGLY, EACH LENDER REPRESENTS TO THE BORROWER AND THE ADMINISTRATIVE AGENT THAT IT HAS IDENTIFIED IN ITS
ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH ITS COMPLIANCE PROCEDURES AND APPLICABLE LAW. 

Section 9.13    Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the
interest rate applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law (collectively the “Charges”), shall exceed the maximum lawful rate (the
“Maximum Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable in respect of such Loan hereunder, together with all
Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of the operation of this Section shall
be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds
Effective Rate to the date of repayment, shall have been received by such Lender. 
 Section 9.14    No Advisory
or Fiduciary Responsibility. In connection with all aspects of each Transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), the Borrower acknowledges and
agrees, and acknowledges its Subsidiaries’ understanding, that: (a) (i) the arranging and other services regarding this Agreement provided by the Administrative Agent, the Arranger and the 

  
 108 

 
Lenders are arm’s-length commercial transactions between the Borrower and its Affiliates, on the one hand, and the Administrative Agent, the Arranger
and the Lenders, on the other hand, (ii) the Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (iii) the Borrower is capable of evaluating, and understands and
accepts, the terms, risks and conditions of the Transactions contemplated hereby and by the other Loan Documents; (b) (i) each of the Administrative Agent, the Issuing Bank, the Arranger and the Lenders is and has been acting solely as a
principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for the Borrower or any of its Subsidiaries, or any other Person and (ii) neither the
Administrative Agent, the Issuing Bank, any Arranger nor any Lender has any obligation to the Borrower or any of its Affiliates with respect to the Transactions contemplated hereby except those obligations expressly set forth herein and in the other
Loan Documents; and (c) the Administrative Agent, the Issuing Bank, the Arranger and the Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrower and
its Affiliates, and neither the Administrative Agent, the Issuing Bank, any Arranger nor any Lender has any obligation to disclose any of such interests to the Borrower or its Affiliates. The Borrower, on behalf of itself and each of its
Subsidiaries, agrees that nothing in the Loan Documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between the Administrative Agent, the Issuing Bank, the Arranger, or any
Lender, on the one hand, and the Borrower, any of its Subsidiaries, or their respective stockholders or affiliates, on the other. To the fullest extent permitted by law, each of Borrower and each other Loan Party hereby waives and releases any
claims that it may have against the Administrative Agent, the Arranger or any Lender with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 

Section 9.15    Electronic Execution of Assignments and Certain Other Documents. The words
“execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption or in any amendment or other modification hereof or any other Loan Document (including waivers and consents) shall be deemed
to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case
may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the
Uniform Electronic Transactions Act. 
 Section 9.16    USA PATRIOT Act. Each Lender and the Issuing Bank
that is subject to the requirements of the USA Patriot Act and the Beneficial Ownership Regulation hereby notifies the Borrower and each Guarantor that pursuant to the requirements of the USA Patriot Act, it is required to obtain, verify and record
information that identifies the Borrower and each Guarantor, which information includes the name and address of the Borrower and each Guarantor and other information that will allow such Lender to identify the Borrower and each Guarantor in
accordance with the USA Patriot Act and the Beneficial Ownership Regulation. The Borrower and each Guarantor shall, promptly following a request by the Administrative Agent, the Issuing Bank or any Lender, provide all documentation and other
information that the Administrative Agent, the Issuing Bank or such Lender requests in order to comply with its 

  
 109 

 
ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the USA Patriot Act. 

Section 9.17    Release of Guarantors and Collateral. 

(a)    In the event that all the Equity Interests in any Guarantor are sold, transferred or otherwise disposed of to a
Person other than the Borrower or its Subsidiaries in a transaction permitted under this Agreement or in the event that a Guarantor ceases to be a Material Subsidiary, the Administrative Agent shall, at the Borrower’s expense, promptly take
such action and execute such documents as the Borrower may reasonably request to terminate the guarantee of such Guarantor. 

(b)    The Administrative Agent shall, at the Borrower’s request and at the Borrower’s expense, release any Lien
on any property granted to or held by the Administrative Agent under any Loan Document (i) upon satisfaction of any conditions to release specified in any Collateral Document, (ii) that is disposed of or to be disposed of as part of or in
connection with any disposition permitted hereunder or under any other Loan Document to any Person other than a Loan Party, (iii) subject to Section 9.02, if approved, authorized or ratified in writing by the Required
Lenders or Lenders, as applicable, (iv) owned by a Guarantor upon release of such Guarantor from its obligations under the Guaranty, or (v) as expressly provided in the Collateral Documents. 

Section 9.18    Acknowledgement Regarding Any Supported QFCs. To the extent that the Loan Documents provide
support, through a guarantee or otherwise, for any other agreement or instrument that is a QFC (such support, “QFC Credit Support” and each such QFC a “Supported QFC”), the parties acknowledge and agree as
follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations
promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact
be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States): 

(a)    In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes
subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights
in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit
Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding
under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater
extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the 

  
 110 

 
Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights
and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support. 

(b)    As used in this Section 9.18, the following terms have the following meanings: 

(i)    “BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and
interpreted in accordance with, 12 U.S.C. 1841(k)) of such party. 
 (ii)    “Covered Entity” means any
of the following: 
 (1)    a “covered entity” as that term is defined in, and
interpreted in accordance with, 12 C.F.R. § 252.82(b); 
 (2)    a “covered bank”
as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or 
 (3)    a
“covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b). 

(iii)    “Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance
with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. 
 (iv)    “QFC” has the meaning
assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). 

Section 9.19    Acknowledgement and Consent to Bail-In of Affected
Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial
Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound
by: 
 (a)    the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such
liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and 

(b)    the effects of any Bail-in Action on any such liability, including, if
applicable: 
 (i)    a reduction in full or in part or cancellation of any such liability; 

(ii)    a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such
Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect
to any such liability under this Agreement or any other Loan Document; or 

  
 111 

 (iii)    the variation of the terms of such liability in connection with
the exercise of the write-down and conversion powers of the applicable Resolution Authority. 
 [Remainder of page intentionally left blank;
signature pages omitted] 

  
 112 

 SCHEDULE 2.1 

Commitments 
  

									
	 	  	 Revolving

Commitment
	 	  	Term Commitment	 
	 Morgan Stanley Senior Funding, Inc.
	  	$	100,000,000	 	  	$	100,000,000	 
	 Royal Bank of Canada
	  	$	50,000,000	 	  	$	50,000,000	 
	 Total
	  	$	150,000,000	 	  	$	150,000,000	 
		  	  
	  
	 	  	  
	  
	 

  
 F-113 

 SCHEDULE 3.17 

Collateral 
  

					
	 Grantor
	  	 UCC Filing
	  	 Filing Office

	Palantir Technologies Inc.	  	UCC-1 financing statement	  	Secretary of State of the State of Delaware
	Palantir USG, Inc.	  	UCC-1 financing statement	  	Secretary of State of the State of Delaware
		
	 Grantor
	  	
Filing Office and Jurisdiction

	Palantir Technologies Inc.	  	United States Patent and Trademark Office
	Palantir Technologies Inc.	  	United States Copyright Office

  
 F-114 

 SCHEDULE 5.11 

Additional Material Real Estate Assets 

Each applicable Loan Party shall deliver to the Administrative Agent: 

(i)     fully executed and notarized Mortgages, in proper form for recording in all appropriate places in all applicable
jurisdictions, encumbering each Material Real Estate Asset; 
 (ii)     an opinion of counsel (which counsel shall be
reasonably satisfactory to the Administrative Agent) in each state in which a Mortgaged Property is located with respect to the enforceability of the form(s) of Mortgages to be recorded in such state and such other customary matters as the
Administrative Agent may reasonably request, in each case in form and substance reasonably satisfactory to the Administrative Agent; 
 (iii)
    (A) ALTA mortgagee title insurance policies or unconditional commitments therefor issued by one or more title companies reasonably satisfactory to the Administrative Agent with respect to each Mortgaged Property (each, a
“Title Policy”), in amounts not less than the fair market value of each Mortgaged Property, each in customary form and substance reasonably satisfactory to the Administrative Agent and (B) evidence reasonably satisfactory to
the Administrative Agent that such Loan Party has paid to the title company or to the appropriate governmental authorities all expenses and premiums of the title company and all other sums required in connection with the issuance of each Title
Policy and all recording and stamp taxes (including mortgage recording and intangible taxes) payable in connection with recording the Mortgages for each Mortgaged Property in the appropriate real estate records; 

(iv)     flood certifications with respect to all Mortgaged Properties and evidence of flood insurance with respect to each
Mortgaged Property that is a Flood Hazard Property, in each case in compliance with any applicable regulations or other requirements of any Governmental Authority, in form and substance reasonably satisfactory to each Lender; and 

(v)     ALTA surveys of all Mortgaged Properties, certified to the Administrative Agent and in a form sufficient for the
title company to delete the standard survey exception. 
 Each of the actions described above shall be taken with respect to each Material Real Estate Asset
for which a Mortgage is required to be put in place. 

  
 F-115 

 Annex II 

 PLEDGE AND SECURITY AGREEMENT 

dated as of December 20, 2019 

as amended by Amendment No. 7 to Revolving Credit Agreement, dated as of December 31, 2019, and Amendment No. 8 to Revolving
Credit Agreement, dated as of June 4, 2020 
 by and among 

PALANTIR TECHNOLOGIES INC., 

the other GRANTORS party hereto 

and 
 MORGAN STANLEY
SENIOR FUNDING, INC., 
 as the Administrative Agent 

 Table of Contents 

 

							
	Contents	 	 	  	Page	 
	 SECTION 1 DEFINITIONS; RULES OF INTERPRETATION
	  	 	1	 
			
	 Section 1.1
	 	 Definition of Terms Used Herein
	  	 	1	 
	 Section 1.2
	 	 UCC
	  	 	2	 
	 Section 1.3
	 	 General Definitions
	  	 	2	 
	 Section 1.4
	 	 Rules of Interpretation
	  	 	8	 
		
	 SECTION 2 GRANT OF SECURITY
	  	 	9	 
			
	 Section 2.1
	 	 Grant of Security
	  	 	9	 
	 Section 2.2
	 	 Certain Exclusions
	  	 	10	 
	 Section 2.3
	 	 Grantors Remain Liable
	  	 	10	 
		
	 SECTION 3 REPRESENTATIONS AND WARRANTIES
	  	 	11	 
			
	 Section 3.1
	 	 Title
	  	 	11	 
	 Section 3.2
	 	 Names, Locations
	  	 	11	 
	 Section 3.3
	 	 Filings, Consents
	  	 	12	 
	 Section 3.4
	 	 Security Interests
	  	 	12	 
	 Section 3.5
	 	 Accounts Receivable
	  	 	12	 
	 Section 3.6
	 	 Pledged Collateral
	  	 	12	 
	 Section 3.7
	 	 Intellectual Property
	  	 	13	 
		
	 SECTION 4 COVENANTS
	  	 	15	 
			
	 Section 4.1
	 	 Change of Name; Place of Business
	  	 	15	 
	 Section 4.2
	 	 Periodic Certification
	  	 	16	 
	 Section 4.3
	 	 Protection of Security
	  	 	16	 
	 Section 4.4
	 	 Insurance
	  	 	16	 
	 Section 4.5
	 	 Equipment and Inventory
	  	 	16	 
	 Section 4.6
	 	 Accounts Receivable
	  	 	17	 
	 Section 4.7
	 	 Pledged Collateral
	  	 	18	 
	 Section 4.8
	 	 Intellectual Property
	  	 	23	 
	 Section 4.9
	 	 Covenants in Credit Agreement
	  	 	24	 
		
	 SECTION 5 FURTHER ASSURANCES; ADDITIONAL GRANTORS
	  	 	24	 
			
	 Section 5.1
	 	 Further Assurances
	  	 	24	 
	 Section 5.2
	 	 Additional Grantors
	  	 	26	 
		
	 SECTION 6 ADMINISTRATIVE AGENT APPOINTED ATTORNEY-IN-FACT
	  	 	26	 
			
	 Section 6.1
	 	 Power of Attorney
	  	 	26	 
	 Section 6.2
	 	 No Duty on the Part of Administrative Agent or Secured Parties
	  	 	28	 
	 Section 6.3
	 	 Authority, Immunities and Indemnities of Administrative Agent
	  	 	29	 
		
	 SECTION 7 REMEDIES
	  	 	29	 
			
	 Section 7.1
	 	 Remedies Upon Event of Default
	  	 	29	 
	 Section 7.2
	 	 Intellectual Property
	  	 	32	 

							
	 Section 7.3
	 	 Application of Proceeds
	  	 	33	 
	 Section 7.4
	 	 Securities Act, Etc.
	  	 	33	 
		
	 SECTION 8 STANDARD OF CARE; ADMINISTRATIVE AGENT MAY PERFORM
	  	 	35	 
		
	 SECTION 9 MISCELLANEOUS
	  	 	35	 
			
	 Section 9.1
	 	 Notices
	  	 	35	 
	 Section 9.2
	 	 Security Interest Absolute
	  	 	35	 
	 Section 9.3
	 	 Survival of Agreement
	  	 	35	 
	 Section 9.4
	 	 Binding Effect
	  	 	36	 
	 Section 9.5
	 	 Successors and Permitted Assigns
	  	 	36	 
	 Section 9.6
	 	 Administrative Agent’s Fees and Expenses; Indemnification
	  	 	36	 
	 Section 9.7
	 	 Applicable Law
	  	 	36	 
	 Section 9.8
	 	 Waivers; Amendment
	  	 	37	 
	 Section 9.9
	 	 Waiver of Jury Trial
	  	 	37	 
	 Section 9.10
	 	 Severability
	  	 	38	 
	 Section 9.11
	 	 Counterparts; Effectiveness
	  	 	38	 
	 Section 9.12
	 	 Section Headings
	  	 	38	 
	 Section 9.13
	 	 Consent to Jurisdiction and Service of Process
	  	 	38	 
	 Section 9.14
	 	Termination, Release	  	 	39	 

 EXHIBITS 
  

			
	EXHIBIT A	 	FORM OF SECURITY SUPPLEMENT
	EXHIBIT B	 	FORM OF JOINDER AGREEMENT
	EXHIBIT C	 	FINANCING STATEMENTS
	 EXHIBIT D-1
	 	 FORM OF PATENT SECURITY AGREEMENT

	EXHIBIT D-2	 	FORM OF TRADEMARK SECURITY AGREEMENT
	EXHIBIT D-3	 	FORM OF COPYRIGHT SECURITY AGREEMENT

 PREAMBLE 

This PLEDGE AND SECURITY AGREEMENT, dated as of December 20, 2019 (as amended, restated, amended and restated, supplemented, or otherwise modified
from time to time, this “Agreement”), among PALANTIR TECHNOLOGIES INC., a Delaware corporation (the “Borrower”), the other LOAN PARTIES (as defined in the Credit Agreement referenced below) from time to time party
hereto (collectively, with the Borrower, the “Grantors”, and each, a “Grantor”), and MORGAN STANLEY SENIOR FUNDING, INC., as administrative agent for the Secured Parties (as defined in the Credit Agreement referred
to below) (in such capacity, together with its successors in such capacity, the “Administrative Agent”). 
 RECITALS

  

	1.	 The BORROWER, the LENDERS from time to time party thereto, and the ADMINISTRATIVE AGENT have entered into that
certain Revolving Credit Agreement, dated as of October 7, 2014 (as amended by the Amendment No. 1 to Revolving Credit Agreement, dated as of June 1, 2015, the Amendment No. 2 to Revolving Credit Agreement, dated as of
August 5, 2016, the Amendment No. 3 to Revolving Credit Agreement, dated as of April 26, 2017, the Amendment No. 4 to Revolving Credit Agreement, dated as of June 28, 2018, the Amendment No. 5 to Revolving Credit
Agreement, dated as of June 18, 2019, the Amendment No. 6 to Revolving Credit Agreement, dated as of December 20, 2019 (the “Sixth Amendment”), the Amendment No. 7 to Revolving Credit Agreement, dated as of
December 31, 2019, and the Amendment No. 8 to Revolving Credit Agreement, dated as of June 4, 2020, and as further amended, restated, amended and restated, supplemented, extended or otherwise modified from time to time, the
“Credit Agreement”). 

  

	2.	 The Sixth Amendment requires each Grantor to deliver a duly executed copy of this Agreement as a condition
precedent to consummation of the transactions contemplated thereunder. 

 In consideration of the premises and for other valuable
consideration, the receipt and sufficiency of which the parties hereto hereby acknowledge, each Grantor and the Administrative Agent, on behalf of itself and each other Secured Party (and each of their respective permitted successors, assigns and
novatees), hereby agree as follows: 
 SECTION 1 

DEFINITIONS; RULES OF INTERPRETATION 

Section 1.1    Definition of Terms Used Herein 

Unless the context otherwise requires, all capitalized terms used but not defined herein have the meanings set forth in the Credit Agreement. 

  
 1 

 Section 1.2     UCC 

Terms used herein that are defined in the UCC but not defined herein have the meanings given to them in the UCC (and if defined in more than one Article of the
UCC, shall have the meaning given in Article 8 or 9 thereof), including the following which are capitalized herein: 
 Account Debtor 

Account 
 Certificate of Title 

Certificated Security 
 Chattel Paper 

Commercial Tort Claim 
 Commodity Account 

Commodity Contract 
 Commodity Intermediary 

Deposit Account 
 Document 

Electronic Chattel Paper 
 Equipment 

Fixtures 
 General Intangible 

Goods 
 Instrument 

Inventory 
 Investment Property 

Jurisdiction of Organization 
 Letter-of-Credit Right 
 Money 

Payment Intangible 
 Proceeds 

Record 
 Securities Account 

Securities Intermediary 
 Security 

Security Entitlement 
 Supporting Obligation 

Tangible Chattel Paper 
 Uncertificated Security 

Section 1.3    General Definitions In this Agreement: 

“Accounts Receivable” means (a) all rights to payment, whether or not earned by performance, for goods or other property sold, leased,
licensed, assigned or otherwise disposed of, or services rendered or to be rendered, including all such rights constituting or evidenced by any Account, Chattel Paper, Instrument, General Intangible or Investment Property, together with all right,
title and interest, if any, in any goods or other property giving rise to such right to payment, 

  
 2 

 
including any rights to stoppage in transit, replevin, reclamation and resales, and all related security interests, Liens and pledges, whether voluntary or involuntary, in each case whether now
existing or owned or hereafter arising or acquired, and all Collateral Support and Supporting Obligations related to the foregoing and (b) rights to receive amounts payable under the following: 

 

	 	(i)	 any and all rights to license products retained by any Grantor; 

 

	 	(i)	 all sales, leases or licenses of any other goods or products or the rendering of any other services and all
collateral security and guaranties of any kind given by any Person with respect to any of the foregoing; 

  

	 	(ii)	 any and all tax refunds and tax refund claims; and 

 

	 	(iii)	 all money, reserves and property relating to any of the foregoing whether now or at any time hereafter in the
possession or under the control of any Grantor or any agent or custodian for any Grantor. 

 “Additional Grantor” has the
meaning assigned to such term in Section 5.2. 
 “Administrative Agent” has the meaning assigned to such term in the Preamble. 

“Agreement” has the meaning assigned to such term in the Preamble. 

“Collateral” has the meaning assigned to such term in Section 2.1, subject to the limitations set forth in Section 2.2. 

“Collateral Support” means all property (real or personal) collaterally assigned, hypothecated or otherwise securing any Collateral described
in Section 2.1(a) through (q) and includes any security agreement or other agreement granting a Lien in such real or personal property. 

“Compliance Certificate” means a certificate delivered pursuant to Section 5.01(c) of the Credit Agreement. 

“Contracts” means all contracts, leases and other agreements entered into by any Grantor. 

“Copyright Licenses” means any and all agreements and licenses (whether a Grantor is licensee or licensor, thereunder) (whether or not in
writing) providing for the granting of any right in or to any Copyright, together with any and all amendments, extensions and renewals thereof, and all rights of any Grantor thereunder. 

“Copyrights” means (i) all United States and foreign copyrights, including but not limited to copyrights in software and all rights in
and to databases, all designs (including but not limited to industrial designs, protected designs within the meaning of 17 U.S.C. § 1301 et seq. and community designs), and all mask works (as defined in 17 U.S.C. § 901(a)(1)), whether
statutory or common law, whether registered or unregistered and whether published or unpublished, as well as all moral rights, reversionary interests, and termination rights, now or hereafter in force

  
 3 

 
throughout the world, and, with respect to any and all of the foregoing: (i) all registrations and pending applications therefor in the applicable Intellectual Property Registry including,
without limitation, the registrations referred to in Schedule 11B of the Perfection Certificate, (ii) all extensions and renewals thereof, (iii) the right to sue or otherwise recover for past, present and future infringements,
misappropriations, or other violations of any of the foregoing, and (iv) all Proceeds of the foregoing, including, without limitation, licenses, royalties, fees, income, payments, claims, damages and proceeds of suit. 

“Credit Agreement” has the meaning assigned to such term in the Recitals. 

“Dividends” means, in relation to any Equity Interests, all present and future: (a) dividends and distributions of any kind and any
other sum received or receivable in respect of such Equity Interests, (b) rights, shares, money or other assets accruing or offered by way of redemption, substitution, exchange, bonus, option, preference or otherwise in respect of such Equity
Interests, (c) allotments, offers and rights accruing or offered in respect of such Equity Interests and (d) other rights and assets attaching to, deriving from or exercisable by virtue of the ownership of, such Equity Interests. 

“Excluded Assets” means, collectively, (a) motor vehicles and other equipment for which Certificates of Title have been issued, (b) Letter-of-Credit Rights, (c) all leasehold interests in real property (other than fixtures) and all fee interests in real property (other than fixtures) that are
not Material Real Estate Assets, (d) (i) any asset, licensed right or property right of Grantor of any nature if the grant of such security interest shall constitute or result in (A) the abandonment, invalidation or unenforceability of
such asset or property right or such Grantor’s loss of use of such asset or property right or (B) a breach, termination or default under any lease, license, contract or agreement (other than to the extent that any such term would be
rendered ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any
successor provision or provisions) of any relevant jurisdiction or any other applicable law (including the Bankruptcy Code) or principles of equity) to which such Grantor is party and (ii) any asset or property right of any Grantor of any
nature to the extent that any applicable law or regulation prohibits the creation of a security interest thereon (other than to the extent that any such term would be rendered ineffective pursuant to Sections
9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any
relevant jurisdiction or any other applicable law or principles of equity); provided that in any event, immediately upon the ineffectiveness, lapse or termination of any such provision or prohibition described in clauses (d)(i) and (d)(ii),
the term “Excluded Assets” shall not include all such rights and interests, (e) Equity Interests in any Person acquired after the Sixth Amendment Effective Date (other than a wholly-owned Subsidiary) to the extent the pledge of such
Equity Interests is not permitted by the terms of such Person’s organizational documents or any joint venture documents (other than as a result of provisions entered into or created in contemplation of this clause (e)); provided that in
any event, immediately upon the ineffectiveness or termination of any such provision or prohibition described in clause (e), the term “Excluded Assets” shall not include all such rights and interests, (f) any Equity Interest which is
specifically excluded from the definition of Pledged Stock, Pledged Partnership Interests, or Pledged LLC Interests by virtue of the proviso to the respective definition thereof, (g) any Equity Interest constituting Margin Stock, (h) any
United States trademark or service mark application filed on the basis of a Grantor’s intent-to-use such mark filed pursuant to Section 1(b) of the Lanham Act,
15 U.S.C. § 1051, prior to the filing and acceptance by the United States Patent and Trademark Office of a verified “Statement 

  
 4 

 
of Use” pursuant to Section 1(d) of the Lanham Act or an “Amendment to Allege Use” pursuant to Section 1(c) of the Lanham Act with respect thereto, solely to the extent,
if any, that, and solely during the period, if any, in which, the grant of a security interest therein would impair the validity or enforceability of any registration that issues from such intent-to-use application under applicable federal law, (i) any Commercial Tort Claims, (j) any tangible or intangible assets of a Grantor as to which the cost or burden of obtaining a security
interest therein is excessive in relation to the benefit to the Secured Parties of the security to be afforded thereby, as agreed by the Administrative Agent and the Borrower, which agreement shall not be unreasonably withheld, and (k) any
plant or equipment or other property subject to a Capital Lease Obligation or any other arrangement to the extent that a grant of a security interest therein would violate or invalidate such Capital Lease Obligation or similar arrangement or create
a right of termination in favor of any other party thereto (other than any Grantor or any other Subsidiary) (other than to the extent that any such term would be rendered ineffective pursuant to Sections
9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any
relevant jurisdiction or any other applicable law or principles of equity). 
 “Foreign Subsidiary” means any Subsidiary that is not a
Domestic Subsidiary. 
 “Grantor” has the meaning assigned to such term in the Preamble. 

“Insurance” means all contracts and policies of insurance of any kind now or in the future taken out by or on behalf of any Grantor or (to
the extent of such Grantor’s interest) in which it now or in the future has an interest. 
 “Intellectual Property” means,
collectively, all intellectual property rights, whether arising under the United States, multinational or foreign laws or otherwise, including without limitation, all Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks, Trademark
Licenses, Trade Secrets, Trade Secret Licenses, intangible rights in internet domain names, software, data and databases not otherwise included in the foregoing, and the right to sue at law or in equity or otherwise recover for any past, present and
future infringement, dilution, misappropriation, breaches or other violation or impairment thereof, including the right to receive all Proceeds therefrom, including without limitation license fees, royalties, income, payments, claims, damages and
proceeds of suit, now or hereafter due and/or payable with respect thereto. 
 “Intellectual Property Registry” means the United States
Patent and Trademark Office, the United States Copyright Office, any state intellectual property registry, any foreign counterpart of any of the foregoing or any successor to any of the foregoing. 

“Intellectual Property Security Agreement” has the meaning assigned to such term in Section 4.8(a). 

“Joinder Agreement” means a joinder agreement, substantially in the form of Exhibit B to this Agreement, executed by an Additional Grantor
and delivered to the Administrative Agent. 
 “LLC” means (a) as of the date of this Agreement, any limited liability company set
forth in Schedule 7 of the Perfection Certificate and (b) any limited liability company in which any Grantor acquires an interest after the date of this Agreement. 

  
 5 

 “LLC Agreement” means the limited liability company agreement or such analogous agreement
governing the operation of any LLC. 
 “Margin Stock” has the meaning assigned to such term in Regulation U issued by the Federal Reserve
Board of Governors. 
 “Partnership” means (a) any partnership set forth in Schedule 7 of the Perfection Certificate and (b) any
partnership in which any Grantor acquires an interest after the date of this Agreement. 
 “Partnership Agreement” means the partnership
agreement of any Partnership or such analogous agreement governing the operation of any Partnership. 
 “Patent Licenses” means all
agreements and licenses (whether a Grantor is licensee or licensor thereunder) (whether or not in writing) providing for the granting of any right in or to any Patent, together with any and all amendments, extensions and renewals thereof, and all
rights of any Grantor thereunder. 
 “Patents” means all United States and foreign patents, certificates of invention and industrial
designs, and pending applications for any of the foregoing, throughout the world, including, without limitation: (i) each patent and patent application referred to in Schedule 11A of the Perfection Certificate, (ii) all reissues,
divisions, continuations, continuations-in-part, extensions, renewals and reexaminations of any of the foregoing, (iii) the right to sue or otherwise recover for
past, present and future infringements, misappropriations or other violations of any of the foregoing, and (iv) all Proceeds of the foregoing, including licenses, royalties, fees, income, payments, claims, damages and proceeds of suit. 

“Permitted Cash Collateral Release Amount” means as to any amount of cash proposed to be released from the Security Interest pursuant to
Section 9.14(c) hereof, such amount does not exceed (x) $25,000,000, minus (y) the amount of any cash constituting Collateral previously released pursuant to Section 9.14(c) hereof, plus (z) the amount of any cash
constituting Collateral previously released pursuant to Section 9.14(c) hereof but which is no longer pledged as cash collateral to the issuing bank and to which the Security Interest has again attached. 

“Permitted Lien” means each of the Liens permitted pursuant to Section 6.02 of the Credit Agreement. 

“Pledged Collateral” means, collectively, the Pledged Notes, the Pledged Stock, the Pledged Partnership Interests, the Pledged LLC Interests,
any other Investment Property of any Grantor to the extent that the same constitutes Collateral, all certificates or other instruments representing any of the foregoing, all Security Entitlements of any Grantor in respect of any of the foregoing and
all Dividends, interest distributions, cash, warrants, rights, instruments and other property or Proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the foregoing. Pledged
Collateral may be General Intangibles, Investment Property, Instruments or any other category of Collateral. 

  
 6 

 “Pledged LLC Interests” means all of any Grantor’s right, title and interest as a
member of any LLC and all of such Grantor’s right, title and interest in, to and under any LLC Agreement to which it is a party, to the extent that the same constitutes Collateral; provided that “Pledged LLC Interest” shall not
include more than 65% of the total outstanding voting membership interest of any Foreign Subsidiary. 
 “Pledged Notes” means all of any
Grantor’s right, title and interest in each Instrument evidencing Indebtedness with an outstanding principal balance of $1,000,000 or more owed to such Grantor, and all cash, Instruments and other property or Proceeds from time to time
received, receivable or otherwise distributed in respect of or in exchange for any or all of such Indebtedness. 
 “Pledged Partnership
Interests” means all of any Grantor’s right, title and interest as a limited and/or general partner in any Partnership and all of such Grantor’s right, title and interest in, to and under any Partnership Agreement to which it is a
party to the extent that the same constitutes Collateral; provided that “Pledged Partnership Interest” shall not include more than 65% of the total outstanding voting Partnership interest of any Foreign Subsidiary. 

“Pledged Stock” means (a) the shares of Stock listed in Schedule 7 of the Perfection Certificate and (b) any shares of Stock and
any other Equity Interests (excluding Pledged LLC Interests and Pledged Partnership Interests) in which any Grantor acquires an interest after the date of this Agreement, in each case to the extent that the same constitutes Collateral;
provided that “Pledged Stock” shall not include more than 65% of the total outstanding voting Stock of any Foreign Subsidiary. 

“Secured Obligations” has the meaning assigned to such term in Section 2.1. 

“Secured Parties” means the Administrative Agent, each Lender, each Indemnitee and the permitted successors, assigns and novates of each of
the foregoing. 
 “Security Interest” means, collectively, the continuing security interests in the Collateral granted to the
Administrative Agent for the benefit of the Secured Parties pursuant to Section 2.1. 
 “Security Supplement” means any supplement to
this Agreement in substantially the form of Exhibit A, executed by a Responsible Officer of the applicable Grantor. 
 “Stock” means shares
of capital stock (whether denominated as common stock or preferred stock) of or in a corporation, whether voting or non-voting and all rights to subscribe for, purchase or otherwise acquire any of the
foregoing. 
 “Trade Secret Licenses” means any and all agreements and licenses (whether a Grantor is licensee or licensor thereunder)
(whether or not in writing) providing for the granting of any right in or to Trade Secrets, together with any and all amendments, extensions and renewals thereof, and all rights of any Grantor thereunder. 

“Trade Secrets” means all trade secrets and all other confidential or proprietary information,
know-how, processes, designs, inventions, technology, compilations, data, databases, 

  
 7 

 
and computer programs (whether in source code, object code, or other form) and all rights in documentation (including without limitation user manuals and training materials) related thereto, and
proprietary methodologies, and algorithms, to the extent not covered by the definitions of Patents, Trademarks and Copyrights, whether or not reduced to a writing or other tangible form, and with respect to any and all of the foregoing: (i) the
right to sue or otherwise recover for past, present and future infringements, misappropriations, and other violations thereof, and (ii) all Proceeds of the foregoing, including, without limitation, licenses, royalties, fees, income, payments,
claims, damages and proceeds of suit. 
 “Trademark Licenses” means any and all agreements and licenses (whether a Grantor is licensee or
licensor thereunder) (whether or not in writing) providing for the granting of any right in or to any Trademark, together with any and all amendments, extensions and renewals thereof, and all rights of any Grantor thereunder. 

“Trademarks” means all United States, state and foreign trademarks, trade names, trade dress, service marks, certification marks, collective
marks and logos, slogans, words, terms, names, symbols, designs any other source or business identifiers, and general intangibles of a like nature, all registrations and pending applications for any of the foregoing, whether registered or
unregistered, and whether or not established or registered in an Intellectual Property Registry in any country or any political subdivision thereof, and with respect to any and all of the foregoing: (i) all common law rights related thereto,
(ii) the trademark registrations and pending applications referred to in Schedule 11A of the Perfection Certificate, (iii) all extensions, continuations, reissues and renewals of any of the foregoing, (iv) all goodwill connected with
the use of and symbolized by the foregoing, (v) the right to sue or otherwise recover for past, present and future infringements, misappropriations, dilutions or other violations of any of the foregoing or for any injury to goodwill, and
(vi) all Proceeds of the foregoing, including, without limitation, licenses, royalties, fees, income, payments, claims, damages and proceeds of suit. 

“UCC” means the Uniform Commercial Code enacted in the State of New York, as amended from time to time; provided that if by reason of
mandatory provisions of law, the perfection, the effect of perfection or non-perfection or priority of, or remedies with respect to a security interest is governed by the Uniform Commercial Code or other
personal property security laws of any jurisdiction other than New York, “UCC” shall mean the Uniform Commercial Code or other personal property security laws as in effect in such other jurisdiction solely for the purposes of the
provisions hereof relating to such perfection, priority or remedies and for the definitions related to such provisions. 
  

	Section 1.4	 Rules of Interpretation 

The rules of interpretation specified in Section 1.03 and Section 1.04 of the Credit Agreement shall be applicable to this Agreement; provided
that, unless the context requires otherwise, all references herein to Sections and Exhibits shall be construed to refer to Sections of and Exhibits to, this Agreement. Unless otherwise specified, the Exhibits to this Agreement, in each case as
amended, restated, amended and restated, supplemented or otherwise modified from time to time in accordance with the provisions hereof, are incorporated herein by reference. Other than Sections 1.4 and 2.1 hereof, if any conflict or inconsistency
exists between this Agreement and the Credit Agreement, the Credit Agreement shall govern. If any conflict or inconsistency 

  
 8 

 
exists between this Agreement and any Loan Document other than the Credit Agreement, this Agreement shall govern. All references herein to provisions of the UCC include all successor provisions
under any subsequent version or amendment to any Article of the UCC. 
 SECTION 2 

GRANT OF SECURITY 
  

	Section 2.1	     Grant of Security 

As security for the prompt and complete payment and performance in full when due (whether at stated maturity, by required prepayment, declaration,
acceleration, demand or otherwise, including the payment of amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code) of all Obligations at any time owed or owing to the Secured
Parties (or any of them) (collectively, the “Secured Obligations”), each Grantor hereby pledges and grants to the Administrative Agent, for its benefit and for the benefit of the Secured Parties, a continuing security interest in
and Lien on all of its right, title and interest in, to and under the following, in each case whether now owned or existing or hereafter acquired or arising and wherever located (collectively, the “Collateral”): 

 

	 	(a)	 all Accounts; 

  

	 	(b)	 all Chattel Paper; 

  

	 	(c)	 all Contracts; 

  

	 	(d)	 all Documents; 

  

	 	(e)	 all General Intangibles, including without limitation all Intellectual Property and that portion of the Pledged
Collateral constituting General Intangibles; 

  

	 	(f)	 all Goods whether tangible or intangible, wherever located, including without limitation all Inventory,
Equipment, Fixtures, and Money; 

  

	 	(g)	 all Instruments, including without limitation that portion of the Pledged Collateral constituting Instruments;

  

	 	(h)	 all cash and Deposit Accounts; 

 

	 	(i)	 all Insurance; 

  

	 	(j)	 all Investment Property, including without limitation that portion of the Pledged Collateral constituting
Investment Property; 

  

	 	(k)	 all Accounts Receivable; 

 

	 	(l)	 all Pledged Stock, Pledged Partnership Interests and Pledged LLC Interests; 

 

	 	(m)	 all books and Records; 

  
 9 

	 	(n)	 all Money or other property of any kind which is received by such Grantor in connection with refunds with
respect to taxes, assessments and governmental charges imposed on such Grantor or any of its property or income; 

  

	 	(o)	 all causes of action and all Money and other property of any kind received therefrom, and all Money and other
property of any kind recovered by any Grantor; 

  

	 	(p)	 all Collateral Support and Supporting Obligations relating to any of the foregoing; and 

 

	 	(q)	 all Proceeds of each of the foregoing and all accessions to, substitutions and replacements for and rents,
profits and products of or in respect of any of the foregoing, and any and all Proceeds of any insurance, indemnity, warranty or guaranty payable to any Grantor from time to time with respect to the foregoing. 

 

	Section 2.2	 Certain Exclusions 

Notwithstanding anything herein to the contrary, in no event shall the term “Collateral” include, and no Grantor shall be deemed to have granted a
Security Interest in, any of its right, title or interest in any Excluded Assets (but only for so long as such property shall constitute Excluded Assets); provided that, in any event, the Pledged Stock, Pledged Partnership Interests, and
Pledged LLC Interests identified in Schedule 7 of the Perfection Certificate shall constitute “Collateral”. 
  

	Section 2.3	 Grantors Remain Liable 

 

	 	(a)	 Anything contained herein to the contrary notwithstanding: 

 

	 	(i)	 except to the extent permitted by the Credit Agreement, each Grantor shall remain liable under any contracts
and agreements included in the Collateral, to the extent set forth therein, to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed; 

 

	 	(ii)	 the exercise by the Administrative Agent of any of its rights hereunder shall not release any Grantor from any
of its duties or obligations under any contracts and agreements included in the Collateral; and 

  

	 	(iii)	 neither the Administrative Agent nor any other Secured Party shall have any obligation or liability under any
contracts and agreements included in the Collateral by reason of this Agreement, nor shall the Administrative Agent or any other Secured Party be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action
to collect or enforce any claim for payment assigned hereunder. 

  

	 	(b)	 Neither the Administrative Agent nor any other Secured Party nor any purchaser at a foreclosure sale under this
Agreement shall be obligated to assume any obligation or liability under any contracts and agreements included in the Collateral unless the 

  
 10 

	 	
Administrative Agent, such other Secured Party or such purchaser, as the case may be, otherwise expressly agrees in writing to assume any or all of said obligations. 

SECTION 3 

REPRESENTATIONS AND WARRANTIES 
 Each
Grantor represents and warrants to the Administrative Agent and the other Secured Parties, on and as of the Sixth Amendment Effective Date, that: 
  

	Section 3.1	 Title 

Such Grantor owns the Collateral purported to be owned by it free and clear of any and all Liens, other than Permitted Liens. Such Grantor has not filed or
consented to the filing of (a) any financing statement or analogous document under the UCC or any other applicable laws covering any Collateral, (b) any assignment in which such Grantor assigns any Collateral or any security agreement or
similar instrument granting a security interest in any Collateral with any Intellectual Property Registry in any jurisdiction or (c) any assignment in which such Grantor assigns any Collateral or any security agreement or similar instrument
covering any Collateral with any foreign governmental, municipal or other office, which financing statement or analogous document, assignment, security agreement or similar instrument is still in effect, except, in each case, for (x) filings
with respect to Permitted Liens and (y) any financing statement or analogous document, assignment, security agreement or similar instrument or Record evidencing Liens being terminated on or prior to the date hereof. 

 

	Section 3.2	 Names, Locations 

 

	 	(a)	 The Perfection Certificate sets forth with respect to such Grantor, (i) under Section 1(a), its exact
legal name, as such name appears in the public record of its jurisdiction of organization which shows such Grantor to have been organized, (ii) under Section 1(b), each other legal name that such Grantor has had in the past five years,
together with the date of the relevant change (if applicable), (iii) under Section 1(f), the United States federal employer identification number of such Grantor (if any) and (iv) under Section 1(e), the jurisdiction of organization
of such Grantor and its organizational identification number or statement that such Grantor has no such number. 

  

	 	(b)	 Section 2(a) of the Perfection Certificate sets forth, with respect to such Grantor, the chief executive
office of such Grantor and Section 2(c) of the Perfection Certificate sets forth, with respect to such Grantor, the “location” of such Grantor (within the meaning of Section 9-307 of the
UCC) of such Grantor. Except as set forth in 1(c) of the Perfection Certificate, such Grantor has not changed its jurisdiction of organization, chief executive office or other such “location” in the past five years. 

 

	 	(c)	 Except as set forth in Section 1(c) of the Perfection Certificate, such Grantor has not changed its
identity or organizational structure in any way in the past five years. Changes in identity or organizational structure would include mergers, 

  
 11 

	 	
consolidations and acquisitions, as well as any change in the form or jurisdiction of organization of such Grantor. If any such change has occurred, Section 1(c) of the Perfection
Certificate sets forth the date of such change and the exact legal name of each acquiree or constituent party to a merger or consolidation. 

  

	Section 3.3	 Filings, Consents 

Attached hereto as Exhibit C are copies of all UCC financing statements required to be made in each relevant jurisdiction. Such financing statements are all of
the filings that are necessary to perfect a Security Interest in favor of the Administrative Agent (for the benefit of the Secured Parties) in respect of all Collateral in which the Security Interest may be perfected by the filing of a UCC-1. 
  

	Section 3.4	 Security Interests 

The Security Interest constitutes a legal and valid security interest in all Collateral that is subject to Article 8 or Article 9 of the UCC securing the
payment and performance of the Secured Obligations. Subject to the completion of the filings described in Section 3.3 and to value being given, the Security Interest is, and shall be, a validly created and perfected security interest in all
Collateral in which a security interest may be perfected by filing of a financing statement in the United States pursuant to the UCC, prior to any other Lien on any of the Collateral, other than Permitted Liens. 

 

	Section 3.5	 Accounts Receivable 

No Account Receivable constituting Collateral of an amount greater than $1,000,000 individually and $2,000,000 in the aggregate is evidenced by, or constitutes
an Instrument or Chattel Paper that has not been delivered to, or otherwise subjected to the control (within the meaning of Section 9-105 of the UCC) of, the Administrative Agent to the extent required
by, and in accordance with, Section 4.6. 
  

	Section 3.6	 Pledged Collateral 

 

	 	(a)	 Schedule 8 of the Perfection Certificate sets forth all of the Pledged Notes. 

 

	 	(b)	 Schedule 7 of the Perfection Certificate sets forth all Pledged Stock, Pledged Partnership Interests and
Pledged LLC Interests of such Grantor. The Pledged Stock, Pledged Partnership Interests and Pledged LLC Interests pledged hereunder by each Grantor constitute, as of the date hereof, that percentage of the issued and outstanding equity of all
classes of each issuer thereof as set forth in Schedule 7 of the Perfection Certificate. Schedule 7 of the Perfection Certificate identifies any such Pledged Stock, Pledged Partnership Interests or Pledged LLC Interests that are represented by
Certificated Securities. 

  

	 	(c)	 All of the Pledged Stock, Pledged Partnership Interests and Pledged LLC Interests have been duly and validly
issued and are fully paid and nonassessable. 

  
 12 

	 	(d)	 As of the date hereof, (i) no Person other than such Grantor (or its agent or designee) or the
Administrative Agent has “control” (as defined in Sections 8-106 and 9-106 of the UCC) over any Pledged Collateral of such Grantor and, (ii) there is no
Pledged Collateral that is represented by Certificated Securities or Instruments that is not (or will not be substantially concurrently with the effectiveness of this Agreement) in the possession of the Administrative Agent (or its agent or
designee). 

  

	 	(e)	 There are no restrictions on transfer in the LLC Agreement governing any Pledged LLC Interests or in the
Partnership Agreement governing any Pledged Partnership Interests or in any stockholders’ agreement or other similar agreement governing the Pledged Collateral which would limit or restrict (i) the grant of a security interest in the
Pledged LLC Interests, the Pledged Partnership Interests or the Pledged Stock, (ii) the perfection of such security interest, (iii) the exercise of remedies in respect of such perfected security interest in the Pledged LLC Interests, the
Pledged Partnership Interests or the Pledged Stock or (iv) the transfer of the Pledged LLC Interests, the Pledged Partnership Interests or the Pledged Stock, in each case as contemplated by this Agreement. Further, the terms of any Pledged LLC
Interests and Pledged Partnership Interests either (i) expressly provide, and any certificates representing such Pledged LLC Interests or Pledged Partnership Interests expressly provide, that they are securities governed by Article 8 of the
Uniform Commercial Code in effect from time to time in any jurisdiction, including, without limitation, the “issuer’s jurisdiction” (as such term is defined in the UCC in effect in such jurisdiction) of each issuer thereof, or
(ii) (A) are not traded on securities exchanges or in securities markets, (B) are not “investment company securities” (as defined in Section 8-103(b) of the UCC) and (C) do not
provide, in the related LLC Agreement or Partnership Agreement, as applicable, certificates, if any, representing such Pledged LLC Interests or Pledged Partnership Interests, as applicable, or otherwise that they are securities governed by the
Uniform Commercial Code of any jurisdiction. 

  

	 	(f)	 To the knowledge of the relevant Grantor, each of the Pledged Notes constitutes the legal and valid obligation
of the obligor with respect thereto, enforceable in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights
generally, and general equitable principles (whether considered in a proceeding in equity or at law). 

  

	Section 3.7	 Intellectual Property 

 

	 	(a)	 Schedules 11A and 11B of the Perfection Certificate set forth a true and complete list of (i) all United
States registrations of and applications for Patents (other than unpublished Patent applications), Trademarks and Copyrights owned by such Grantor (other than those Patents, Trademarks and Copyrights determined in good faith by such Grantor to be no
longer material, useful or necessary in the operation of the business of such Grantor and which such Grantor intends to abandon, cease maintaining or not renew in accordance with the Credit Agreement, or that have been abandoned) and (ii) each
agreement or license providing for the grant of an 

  
 13 

	 	
exclusive license to such Grantor of any United States federal Copyright that is material to the business of such Grantor. 

 

	 	(b)	 Such Grantor is the sole and exclusive owner of the entire right, title, and interest in and to all
Intellectual Property listed as owned by such Grantor in Schedules 11A and 11B of the Perfection Certificate, free and clear of all Liens, claims and encumbrances, except for Permitted Liens and except where the failure to own or have the right to
use such Intellectual Property would not reasonably be expected to result in a Material Adverse Effect. 

  

	 	(c)	 All Intellectual Property owned or exclusively licensed by such Grantor is subsisting and has not been adjudged
invalid or unenforceable, in whole or in part, nor, in the case of Patents, is any of the Intellectual Property the subject of a reexamination proceeding, and such Grantor has performed all acts and has paid all renewal, maintenance, and other fees
and taxes required to maintain each and every registration and application of Intellectual Property owned by such Grantor in full force and effect, in each case except where the same would not reasonably be expected to result in a Material Adverse
Effect. 

  

	 	(d)	 All Intellectual Property owned by such Grantor is valid and enforceable except where the same would not
reasonably be expected to result in a Material Adverse Effect; no holding, decision, or judgment has been rendered in any action or proceeding before any court or administrative authority challenging the validity, enforceability or scope of, or such
Grantor’s right to register, own or use, any Intellectual Property and no such action or proceeding is pending or, to the best of such Grantor’s knowledge, threatened in writing, in each case except where the same would not reasonably be
expected to result in a Material Adverse Effect. 

  

	 	(e)	 All registrations and applications for any Copyrights, Patents and Trademarks owned by such Grantor and
material to the business of the Loan Parties, taken as a whole, are standing in the name of such Grantor, and no material Trademarks, Patents, Copyrights or Trade Secrets have been exclusively licensed by such Grantor to any affiliate that is not a
Grantor or to any third party, except to the extent not material to the business of the Loan Parties taken as a whole or expressly permitted under the Credit Agreement. 

 

	 	(f)	 Such Grantor has taken commercially reasonable steps to protect the confidentiality of its Trade Secrets
material to the business of the Loan Parties, taken as a whole. 

  

	 	(g)	 The conduct of such Grantor’s business does not infringe, misappropriate, dilute or otherwise violate any
Trademark, Patent, Copyright, Trade Secret or other Intellectual Property right owned or controlled by any other Person in each case except where the same would not reasonably be expected to result in a Material Adverse Effect. To such
Grantor’s knowledge, no claim has been made that the conduct of such Grantor’s business or the use of any Intellectual Property owned or used by such Grantor (or any of its respective licensees) infringes, misappropriates, dilutes or
otherwise violates the Intellectual Property rights of any 

  
 14 

	 	
Person, in each case, except where the same would not reasonably be expected to result in a Material Adverse Effect. 

 

	 	(h)	 To such Grantor’s knowledge, no Person is infringing, misappropriating, diluting or otherwise violating,
any rights in any Intellectual Property owned by such Grantor, except as would not reasonably be expected to result in a Material Adverse Effect. 

  

	 	(i)	 Such Grantor has not made a previous assignment, sale, transfer, or agreement constituting a future assignment,
sale or transfer, of any Intellectual Property that has not been terminated or released. There is no effective financing statement or other document or instrument now executed, or on file or recorded in any public office, granting a security
interest in or otherwise encumbering any part of the Intellectual Property owned by such Grantor, other than (a) in favor of the Administrative Agent and (b) security interests permitted by the Credit Agreement. 

 

	 	(j)	 Such Grantor has been using appropriate statutory notice of registration in connection with its use of
registered Trademarks, proper marking practices in connection with the use of Patents, and appropriate notice of copyright in connection with the publication of Copyrights, except, in each case, to the extent that any failure to so comply would not
reasonably be expected to have a Material Adverse Effect. 

  

	 	(k)	 Such Grantor controls the nature and quality in accordance with industry standards of all products sold and all
services rendered under or in connection with all Trademarks material to the business of the Grantors and their respective Subsidiaries, taken as a whole, in each case, consistent with industry standards, and has taken commercially reasonable action
necessary to ensure that all licensees of such Trademarks comply with the standards of quality of the Grantors and their Subsidiaries, taken as a whole. 

  

	 	(l)	 Such Grantor collects, processes, stores, uses, discloses and disposes of personal information in compliance
with all applicable federal, state, local and international privacy, data protection, information security, data breach notification and information processing laws, as well as its own privacy and data protection policies and notices and contractual
obligations, except, in each case, to the extent failure to so comply would not reasonably be expected to have a Material Adverse Effect. 

SECTION 4 
 COVENANTS

  

	Section 4.1	 Change of Name; Place of Business 

Unless a Grantor has given the Administrative Agent contemporaneous notice, such Grantor will not change (i) its legal name, (ii) its jurisdiction of
organization, (iii) the location of its chief executive office or “location” (within the meaning of Section 9-307 of the UCC), (iv) its type of organization or (v) its organizational
identification number (if any) or federal employer 

  
 15 

 
identification number (if any). Each Grantor agrees to cooperate with the Administrative Agent, at the expense of the Grantors, in making all filings that are required in order for the
Administrative Agent to continue at all times following any such change to have a legal, valid and perfected first-priority Security Interest (subject to Permitted Liens) in all the Collateral. 

 

	Section 4.2	 Periodic Certification 

In accordance with Section 5.01(g) of the Credit Agreement or from time to time as requested by the Administrative Agent following the occurrence and
during the continuance of an Event of Default, in each case of the foregoing, each Grantor shall deliver to the Administrative Agent the information required by Section 5.01(g) of the Credit Agreement and a Security Supplement, together with
all amendments or supplements to the Perfection Certificate. 
  

	Section 4.3	 Protection of Security 

Each Grantor shall, at its own cost and expense, take (a) any and all actions necessary or reasonably requested by the Administrative Agent to maintain
the Security Interest of the Administrative Agent in the Collateral and the priority thereof against any Lien (except Permitted Liens) and (b) all commercially reasonable actions to defend the Collateral and such Security Interest against the
claims and demands of all Persons, subject in each case to such claims or demands permitted by the Credit Agreement and the rights (if any) of such Grantor under the Loan Documents to dispose of, or settle claims with respect to, Collateral. Except
as permitted by the Credit Agreement and the express rights (if any) of such Grantor under the Loan Documents to dispose of, or settle claims with respect to, Collateral, or otherwise consented to by the Administrative Agent, no Grantor shall take
or cause to be taken any action that could be reasonably expected to impair the Administrative Agent’s rights in the Collateral or its rights under this Agreement. 
  

	Section 4.4	 Insurance 

Each Grantor irrevocably makes, constitutes and appoints the Administrative Agent (and all officers, employees or agents designated by the Administrative
Agent) as such Grantor’s true and lawful agent (and attorney-in-fact) for the purpose of making, settling and adjusting claims in respect of the Collateral under
Insurance, endorsing the name of such Grantor on any check, draft, instrument or other item of payment for the Proceeds of such Insurance and for making all determinations and decisions with respect thereto; provided, however, that the
Administrative Agent shall not take any of such actions until after the occurrence and during the continuance of an Event of Default. In the event that any Grantor at any time or times shall fail to obtain or maintain any of the Insurance required
by the Credit Agreement or to pay any premium in whole or part relating thereto, the Administrative Agent may, without waiving or releasing any obligation or liability of such Grantor hereunder or without waiving any Event of Default, in its sole
discretion and at such Grantor’s expense, obtain and maintain such Insurance and pay such premium and take any other actions with respect thereto as the Administrative Agent deems advisable. 

 

	Section 4.5	 Equipment and Inventory 

 

	 	(a)	 Each Grantor hereby covenants and agrees that except as permitted by the Credit Agreement, it shall not deliver
any Document evidencing any of its Equipment or 

  
 16 

	 	
Inventory to any Person other than (i) the issuer of such Document to claim the Goods evidenced thereby, (ii) the Administrative Agent (or its agent or designee) or (iii) any other
Grantor. 

  

	 	(b)	 Each Grantor hereby covenants and agrees that, upon the occurrence and during the continuance of an Event of
Default, such Grantor shall not permit any Equipment, Inventory or other Goods located in the United States of such Grantor having a value greater than $2,500,000, individually, or $5,000,000, in the aggregate, to be in the possession or control of
any third party (including warehousemen, bailees, agents or processors) at any time, unless such third party shall have been notified of the Administrative Agent’s Security Interest. The requirements of this Section 4.5(b) shall not apply
to Equipment, Inventory or other Goods in transit, out for repair or at other locations for purposes of onsite maintenance or repair, in each case in the ordinary course of the applicable Grantor’s business. 

 

	Section 4.6	 Accounts Receivable 

 

	 	(a)	 Each Grantor hereby covenants and agrees that it shall keep and maintain at its own cost and expense records of
its Accounts Receivable, and its material dealings therewith, in each case consistent with such Grantor’s ordinary course of business and complete and accurate in all material respects. At any time following the occurrence and during the
continuance of an Event of Default, upon the Administrative Agent’s request and at the expense of the relevant Grantor, such Grantor shall promptly (i) cause independent public accountants or others reasonably satisfactory to the
Administrative Agent to furnish to the Administrative Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Accounts Receivable, (ii) deliver to the Administrative Agent all original and other
documents evidencing, and relating to, the agreements and transactions which gave rise to the Accounts Receivable, including all original orders, invoices and shipping receipts and (iii) furnish to the Administrative Agent the contact
information and other information regarding any Account Debtor under any Accounts Receivable. 

  

	 	(b)	 The Administrative Agent shall have the right at any time following the occurrence and during the continuance
of an Event of Default to notify (with a copy to the relevant Grantor), or require any Grantor to notify, any Account Debtor of the Administrative Agent’s Security Interest in the Accounts Receivable and any Supporting Obligation and the
Administrative Agent may in such circumstances: (i) direct the Account Debtors under any Accounts Receivable to make payment of all amounts due or to become due to any Grantor thereunder directly to the Administrative Agent, (ii) notify,
or require a Grantor to notify, each Person maintaining a lockbox or similar arrangement to which Account Debtors under any Accounts Receivable have been directed to make payment to remit all amounts representing collections on checks and other
payment items from time to time sent to or deposited in such lockbox or other arrangement directly to the Administrative Agent, (iii) communicate with obligors under the Accounts Receivable to verify with them to the Administrative Agent’s
satisfaction the existence, amount and 

  
 17 

	 	
terms of any Accounts Receivable and (iv) enforce, at the expense of any Grantor, collection of any such Accounts Receivable and to adjust, settle or compromise the amount or payment
thereof. If the Administrative Agent notifies a Grantor that it has elected to collect the Accounts Receivable in accordance with the preceding sentence, all amounts and Proceeds (including cash, checks,
non-cash items and other instruments) received by such Grantor in respect of the Accounts Receivable, any Supporting Obligation or Collateral Support shall be received in trust for the benefit of the
Administrative Agent hereunder and shall be segregated from other funds of such Grantor and such Grantor shall not adjust, settle or compromise the amount or payment of any Accounts Receivable, or release wholly or partly any Account Debtor or
obligor thereof, or allow any credit or discount thereon without the prior written consent of the Administrative Agent. All amounts and Proceeds while held by the Administrative Agent (or by a Grantor in trust for the Administrative Agent and the
Secured Parties) shall continue to be held as collateral security for all of the Secured Obligations and shall not constitute payment thereof until applied as provided in Section 7.3 hereof. 

 

	 	(c)	 With respect to any Accounts Receivable in excess of $1,000,000 individually or $2,000,000 in the aggregate
that is evidenced by, or constitutes, Chattel Paper, each Grantor shall cause each originally executed copy thereof to be delivered to the Administrative Agent (or its agent or designee) appropriately indorsed to the Administrative Agent or indorsed
in blank: (i) with respect to any such Accounts Receivable in existence on the date hereof, on or prior to the date hereof and (ii) with respect to any such Accounts Receivable hereafter arising, as soon as practicable, and in any event
within ten days of such Grantor acquiring rights therein. With respect to any Accounts Receivable in excess of $2,500,000 individually or $5,000,000 in the aggregate that constitutes Electronic Chattel Paper, each Grantor shall take all steps
necessary to give the Administrative Agent “control” (as defined in Section 9-105 of the UCC) over such Accounts Receivable (x) with respect to any such Accounts Receivable in existence on
the date hereof, on or prior to the date hereof and (y) with respect to any such Accounts Receivable hereafter arising, within ten days of such Grantor acquiring rights therein. Any Accounts Receivable not otherwise required to be delivered or
subjected to the control of the Administrative Agent in accordance with this Section 4.6 shall be delivered or subjected to such control upon the request of the Administrative Agent following the occurrence and continuance of an Event of
Default. 

  

	Section 4.7	 Pledged Collateral 

 

	 	(a)	 Except as permitted by the Credit Agreement, each Grantor hereby covenants and agrees that, without the prior
written consent of the Administrative Agent, it shall not vote or take any other action to amend or terminate its Partnership Agreement, LLC Agreement, certificate of incorporation, by-laws or other
organizational documents in any way that adversely affects the validity, perfection or priority of the Administrative Agent’s Security Interest in any material respect. Each Grantor hereby covenants and agrees that, on or after the date hereof,
without the prior written consent of the Administrative Agent, it will not designate or specify in any 

  
 18 

	 	
applicable document or contract that any of the Pledged LLC Interests or the Pledged Partnership Interests are governed by Article 8 of the UCC unless it shall cause certificates to be issued in
respect of such Equity Interest and deliver such certificates to the Administrative Agent in accordance with the terms of Section 4.7(d)(i) hereof. 

  

	 	(b)	 Each Grantor shall cause any Indebtedness held by such Grantor having a principal amount greater than
$2,500,000 individually and $5,000,000 in the aggregate (other than Investment Property held through a Securities Intermediary and intercompany Indebtedness among or between the Loan Parties) to be evidenced by a duly executed promissory note, bond,
debenture or similar instrument that is pledged and delivered to the Administrative Agent pursuant to the terms hereof and, if required for perfection purposes, duly indorsed to the order of the Administrative Agent or in blank (or accompanied by a
customary instrument of transfer executed in blank). 

  

	 	(c)	 Each Grantor hereby covenants and agrees that, in the event it establishes or acquires rights in any Pledged
Stock, Pledged Partnership Interests, or Pledged LLC Interests (or any certificates or other instruments representing any of the foregoing), such Grantor shall promptly deliver to the Administrative Agent, but in any event not later than the
delivery of the Compliance Certificate with respect to the Fiscal Quarter in which such event occurred (or such later date as is acceptable to the Administrative Agent in its sole discretion), a completed Security Supplement together with all
supplements to the relevant Perfection Certificate, reflecting such new Pledged Stock, Pledged Partnership Interests, or Pledged LLC Interests (or any certificates or other instruments representing any of the foregoing). Notwithstanding the
foregoing, it is understood and agreed that the Security Interest of the Administrative Agent shall attach to all Pledged Collateral immediately upon such Grantor’s acquisition of rights therein and shall not be affected by the failure of such
Grantor to deliver a Security Supplement or any required supplement to the Perfection Certificate as required hereby. 

  

	 	(d)	 Each Grantor agrees that with respect to any Pledged Collateral and any Securities, Instruments or Tangible
Chattel Paper, that it shall comply with the provisions of this Section 4.7(d), in each case in form and substance reasonably satisfactory to the Administrative Agent. 

 

	 	(i)	 With respect to any Pledged Collateral constituting Certificated Securities and any Instruments or Tangible
Chattel Paper acquired or pledged on or after the date hereof, other than as agreed to by the Administrative Agent in its reasonable discretion, not later than the date of delivery of the Compliance Certificate with respect to the Fiscal Quarter in
which such event occurred (or such later date as is acceptable to the Administrative Agent in its sole discretion), it shall deliver or cause to be delivered to the Administrative Agent (or its agent or designee) all such Certificated Securities,
Instruments and Tangible Chattel Paper, stock powers duly executed in blank or other instruments of transfer reasonably satisfactory to 

  
 19 

	 	
the Administrative Agent and all other instruments and documents as the Administrative Agent may reasonably request or that are necessary to give effect to the pledge granted hereby;
provided, however that (i) any such Pledged Collateral owned on the Sixth Amendment Effective Date shall be delivered to the Administrative Agent on the Sixth Amendment Effective Date and (ii) no Grantor shall be required to
deliver any Certificated Securities or stock powers representing its equity interests in Palantir Technologies Shakti Private Limited so long as Palantir Technologies Shakti Private Limited is not a direct Subsidiary of such Grantor.

  

	 	(ii)	 With respect to any Pledged Collateral constituting Uncertificated Securities, upon the reasonable request of
the Administrative Agent, it shall cause the issuer thereof either (i) to register the Administrative Agent as holder of a security interest in such Uncertificated Security, upon original issue or registration of transfer, (ii) to promptly
(but in any event within 30 days of such request (or such later date as the Administrative Agent may agree in its sole discretion)) agree in writing with such Grantor and the Administrative Agent that such issuer will comply with instructions
originated by the Administrative Agent with respect to such Uncertificated Security without further consent of such Grantor, or (iii) such other procedure provided under the laws of the jurisdiction of the issuer with the respect to the
registration of a security interest and reasonably acceptable to the Administrative Agent, such agreement to be in form and substance reasonably satisfactory to the Administrative Agent. 

 

	 	(e)	 Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent shall have the
right, without notice to the Grantors, to (A) transfer all or any portion of the Pledged Collateral to its name or the name of its nominee or agent and (B) exchange any certificates or Instruments representing any Investment Property for
certificates or Instruments of smaller or larger denominations. 

  

	 	(f)	 [Reserved]. 

  

	 	(g)	 Voting and Distributions 

 

	 	(i)	 So long as no Event of Default shall have occurred and be continuing: 

 

	 	(A)	 except as otherwise provided in this Section 4.7 or elsewhere herein or in the Credit Agreement, each
Grantor shall be entitled to exercise or refrain from exercising any and all voting and other consensual rights pertaining to the Pledged Collateral or any part thereof for any purpose not inconsistent with the terms of this Agreement, the Credit
Agreement or the other Loan Documents; unless the result thereof could reasonably be expected to materially and adversely affect the rights and remedies of the Administrative Agent or any other Secured Parties under this Agreement, the Credit
Agreement 

  
 20 

	 	
or any other Loan Document or the ability of the Secured Parties to exercise the same; 

  

	 	(B)	 the Administrative Agent shall promptly execute and deliver (or cause to be executed and delivered), at the
expense of such Grantor, to each Grantor all proxies and other instruments as such Grantor may from time to time reasonably request for the purpose of enabling such Grantor to exercise the voting and other consensual rights when and to the extent
that it is entitled to exercise the same pursuant to clause (g)(i)(A) above and to receive the cash Dividends that it is entitled to receive pursuant to clause (g)(i)(C) below; and 

 

	 	(C)	 each Grantor shall be entitled to receive and retain any and all cash Dividends, interest, principal,
distributions, Securities or other property paid on the Pledged Collateral to the extent and only to the extent that such cash Dividends, interest, principal, distributions, Securities or other property are permitted by, and otherwise paid in
accordance with the terms and conditions of, the Credit Agreement, the other Loan Documents and applicable laws. All noncash Dividends, interest, principal, distributions, Securities or other property, and all Dividends, interest, principal,
distributions, Securities or other property paid or payable in cash or otherwise in connection with a partial or total liquidation or dissolution, return of capital, capital surplus or paid-in surplus, and all
other distributions (other than distributions referred to in the preceding sentence) made on or in respect of the Pledged Collateral, whether paid or payable in cash or otherwise, whether resulting from a subdivision, combination or reclassification
of the outstanding Equity Interests of the issuer of any Pledged Collateral or received in exchange for Pledged Collateral or any part thereof, or in redemption thereof, or as a result of any merger, consolidation, acquisition or other exchange of
assets to which such issuer may be a party or otherwise, shall be and become part of the Collateral without any further action. 

  

	 	(ii)	 Upon the occurrence and during the continuance of an Event of Default: 

 

	 	(A)	 (i) the Administrative Agent shall have the sole and exclusive right to receive any and all Dividends, payments
or other Proceeds paid in respect of the Pledged Stock and other Investment Property and make application thereof to the Secured Obligations in the manner set forth in Section 7.02 of the Credit Agreement, (ii) the Administrative Agent
shall have the sole and exclusive right (but shall be under no obligation) to register any or all of the Pledged Collateral in the name of the Administrative Agent or its nominee, (iii) all rights of each Grantor to exercise or refrain from
exercising the voting, corporate, consensual and other rights and privileges 

  
 21 

	 	
pertaining to the Pledged Collateral to which such Grantor would otherwise be entitled shall automatically cease and become vested in the Administrative Agent, and (iv) the Administrative
Agent or its nominee shall have (except to the extent, if any, specifically waived in each instance by the Administrative Agent in writing in its sole discretion) the sole and exclusive right to exercise or refrain from exercising, but under no
circumstances is the Administrative Agent obligated by the terms of this Agreement or otherwise to exercise, (x) all voting, corporate or other organizational, consensual and other rights and privileges pertaining to the Pledged Collateral,
whether at any meeting of shareholders of the relevant issuer, by written consent in lieu of a meeting or otherwise, and (y) any and all rights of conversion, exchange and subscription and any other rights, privileges or options pertaining to
the Pledged Collateral as if it were the absolute owner thereof (including the right to exchange, at its discretion, any and all of the Pledged Collateral upon the merger, consolidation, reorganization, recapitalization or other fundamental change
in the corporate structure of any issuer, or upon the exercise by any Grantor or the Administrative Agent of any right, privilege or option pertaining to the Pledged Collateral, and in connection therewith, the right to deposit and deliver any and
all of the Pledged Collateral with any committee, depositary, transfer agent, registrar or other designated agency upon such terms and conditions as the Administrative Agent may determine in its sole discretion), all without liability, but the
Administrative Agent shall have no duty to any Grantor or any other Person to exercise any such right, privilege or option and shall not be responsible for any failure to do so or delay in so doing. 

 

	 	(B)	 Each Grantor hereby appoints the Administrative Agent as such Grantor’s true and lawful attorney-in-fact, with full power of substitution, and grants to the Administrative Agent this IRREVOCABLE PROXY, to vote all or any part of the Pledged Stock and other
Investment Property from time to time following the occurrence and during the continuance of an Event of Default, in each case in any manner the Administrative Agent deems advisable in its sole discretion for or against any or all matters submitted,
or which may be submitted, to a vote of shareholders, partners or members, as the case may be, and to exercise all other rights, powers, privileges and remedies to which any such shareholders, partners or members would be entitled. The power-of-attorney and irrevocable proxy granted hereby are effective automatically upon the occurrence of an Event of Default without the necessity that any action (including,
without limitation, that any transfer of any of the Pledged Collateral be recorded on the books and records of the issuer of the relevant Pledged Collateral or that any of the Pledged Collateral be registered in the name of the

  
 22 

	 	
Administrative Agent or otherwise) be taken by any Person (including the issuer of the relevant Pledged Collateral or any officer or agent thereof), are coupled with an interest and shall be
irrevocable, shall survive the bankruptcy, dissolution or winding up of each relevant Grantor, and shall terminate only on the termination of this Agreement. 

  

	 	(C)	 upon written notice by the Administrative Agent to the Grantors, all rights of the Grantors to Dividends,
interest or principal that any Grantor is authorized to receive pursuant to clause (g)(i)(C) above shall cease, and all such rights shall thereupon become vested in the Administrative Agent, which shall have the sole and exclusive right and
authority to receive and retain such Dividends, interest or principal and to apply them to the Obligations in accordance with this Agreement and the other Loan Documents. 

After all Event of Defaults have been cured or waived or the underlying notice (if applicable) has been rescinded, each Grantor will have the right to
exercise the voting and consensual rights and powers that it would otherwise be entitled to exercise pursuant to the terms of clause (g)(i) above. 
  

	Section 4.8	 Intellectual Property 

 

	 	(a)	 In the case of any Collateral (whether now owned or hereafter filed or acquired) consisting of registrations of
or applications for U.S. Patents, Trademarks and Copyrights, each Grantor shall execute and deliver to the Administrative Agent short-form security agreements substantially in the form of Exhibit D-1, Exhibit D-2 or Exhibit D-3 (each, an “Intellectual Property Security Agreement”) covering all such Patents, Trademarks and Copyrights, respectively, in appropriate
form for recordation with the United States Patent and Trademark Office or United States Copyright Office with respect to the Security Interest of the Administrative Agent no later than January 31, 2020 (as such date may be extended by the
Administrative Agent in its sole discretion), or with respect to U.S. Copyrights, if earlier, within thirty (30) days of the date hereof, and, in respect of Collateral hereafter filed, published or acquired, pursuant to paragraph
(b) below. 

  

	 	(b)	 In the event that any Grantor, either itself or through any agent, employee, licensee or designee, files or
acquires a registration of or application (unless an Excluded Asset) for any U.S. Patent (other than unpublished U.S. Patent applications), Trademark or Copyright with the United States Patent and Trademark Office, United States Copyright Office or
any successor thereto (or a U.S. Patent application of any Grantor becomes published), during any Fiscal Year, such Grantor shall (i) deliver to the Administrative Agent a completed Security Supplement together with all supplements to
Section 11A and 11B with respect to the Perfection Certificate and (ii) execute and deliver Intellectual Property Security Agreements covering all such Patents, Trademarks, Copyrights, respectively, in appropriate form for recordation with
the United States Patent and Trademark 

  
 23 

	 	
Office or United States Copyright Office and any and all other agreements, instruments, documents and papers as the Administrative Agent may reasonably request to evidence the Administrative
Agent’s Security Interest in such Patent, Trademark or Copyright, in each case of clause (i) and (ii), not later than the delivery of the Compliance Certificate for such Fiscal Year, or, with respect to U.S. Copyrights, within thirty
(30) days of such filing or acquisition. 

  

	 	(c)	 Each Grantor shall use commercially reasonable efforts so as not to permit the inclusion in any Contract to
which it hereafter becomes a party of any provision that would prevent the creation of a security interest in, or the assignment of, such Grantor’s rights and interests in any Intellectual Property acquired under such Contract that is material
to the business of the Loan Parties, taken as a whole, other than customary provisions restricting assignment of any licensing agreement entered into in the ordinary course of business. 

 

	 	(d)	 Grantor shall not abandon, dedicate to the public, or permit to lapse any item of issued, registered or applied-for Intellectual Property owned by such Grantor that is material to the business of the Loan Parties, taken as a whole, except to the extent such Grantor determines in good faith that it is desirable to do
so in the conduct of its business and, which does not, individually or in the aggregate, interfere in any material respect with the ordinary conduct of the business of the Loan Parties, taken as a whole. 

 

	 	(e)	 Upon the occurrence and during the continuance of an Event of Default, upon the request of the Administrative
Agent, each Grantor shall use commercially reasonable efforts to obtain all requisite consents or approvals by the licensor of each Copyright License, Patent License, Trademark License or Trade Secret License to effect the assignment of all of such
Grantor’s right, title and interest thereunder to the Administrative Agent or its designee. 

  

	Section 4.9	 Covenants in Credit Agreement 

Each Grantor shall take, or refrain from taking, as the case may be, each action that is necessary to be taken or not taken, so that no breach of the covenants
in the Credit Agreement pertaining to actions to be taken, or not taken, by such Grantor will result. 
 SECTION 5 

FURTHER ASSURANCES; ADDITIONAL GRANTORS 
  

	Section 5.1	 Further Assurances 

 

	 	(a)	 Each Grantor agrees that from time to time, at its expense, it shall promptly execute and deliver to the
Administrative Agent (or its agent or designee) all further instruments and documents and take all further action that the Administrative Agent may reasonably request, in order to create and/or maintain the validity, perfection or priority of and
protect any Security Interest granted or purported to be granted hereby or to enable the Administrative Agent, upon the occurrence and during the 

  
 24 

	 	
continuance of an Event of Default, to exercise and enforce its rights and remedies hereunder with respect to any Collateral. Without limiting the generality of the foregoing, such Grantor shall:

  

	 	(i)	 execute, acknowledge, deliver or cause to be duly filed (as applicable) all such further instruments,
documents, endorsements, powers of attorney or notices, and take all such actions as the Administrative Agent may deem necessary (by notice to such Grantor) or from time to time reasonably request, to preserve, protect and perfect the Security
Interest and the rights and remedies created hereby, including the payment of any fees and taxes required in connection with the execution and delivery of this Agreement, the granting of the Security Interests and the filing of any financing
statements (including fixture filings) or other documents in connection herewith or therewith; 

  

	 	(ii)	 take all actions the Administrative Agent may deem necessary (by notice to such Grantor) or from time to time
reasonably request, to ensure the recordation of appropriate evidence of the Security Interest granted hereunder in the Intellectual Property owned by the Grantor with any Intellectual Property Registry in which said Intellectual Property is
registered or in which an application for registration is pending; and 

  

	 	(iii)	 at the Administrative Agent’s request, appear in and defend any action or proceeding that could reasonably
be expected to adversely affect such Grantor’s title to or the Administrative Agent’s Security Interests in all or any part of the Collateral. 

Notwithstanding anything contained in this Agreement to the contrary, no Grantor shall be required to take any action hereunder (including,
without limitation, with respect to the perfection or priority of the Security Interest granted herein) to the extent that the cost or burden of such action is excessive in relation to the benefit to the Secured Parties of the taking of such action
as agreed by the Administrative Agent and the Borrower, which agreement shall not be unreasonably withheld. 
  

	 	(b)	 All instruments, agreements or other documents executed, authorized or delivered pursuant to
Section 5.1(a) shall contain terms and conditions no more onerous or burdensome with respect to any Grantor than the terms and provisions of this Agreement. Without limiting the generality of the foregoing, each Grantor hereby authorizes the
Administrative Agent, with notice thereof to such Grantor, to supplement this Agreement by supplementing the Perfection Certificate or adding additional schedules hereto to identify specifically any asset or item of Collateral that constitutes
Copyrights, Patents or Trademarks or any exclusive inbound licenses to the foregoing; provided, however, that such Grantor shall have the right, exercisable within ten Business Days after notice by the Administrative Agent with respect
to such Collateral, to advise the Administrative Agent in writing of any inaccuracy of the representations and warranties made by such Grantor hereunder 

  
 25 

	 	
with respect to such Collateral (in which event such inaccuracy shall be deemed to be corrected). 

  

	 	(c)	 Each Grantor hereby authorizes the Administrative Agent, at the expense of the Grantor, to file a Record or
Records, including financing statements, continuation statements and, in each case, amendments thereto, in all United States jurisdictions and with all filing offices as the Administrative Agent may determine, in its reasonable discretion, are
necessary or advisable to perfect (or release) the Security Interest granted to the Administrative Agent herein, without the signature of such Grantor, which Records, in any event, shall include the financing statements attached hereto as Exhibit C.
Such financing statements may describe the Collateral in the same manner as described herein or may contain an indication or description of the Collateral that describes such property in any other manner as the Administrative Agent may determine, in
its reasonable discretion, is necessary, advisable or prudent to ensure the perfection of the Security Interest in the Collateral granted to the Administrative Agent herein, including describing such property as “all assets, whether now owned
or hereafter acquired” or “all personal property, whether now owned or hereafter acquired” or words of similar import. The Administrative Agent agrees to make available copies of all such Records to the applicable Grantor upon the
recordation thereof by each applicable filing office. Each Grantor agrees that a photographic or other reproduction of a financing statement shall be sufficient as a financing statement and may be filed as a financing statement in the jurisdictions
listed in Section 2(c) of the Perfection Certificate. 

  

	Section 5.2	 Additional Grantors 

From time to time subsequent to the date hereof, additional Persons may become parties hereto as additional Grantors (each, an “Additional
Grantor”) by executing a Joinder Agreement. Upon delivery of any such Joinder Agreement to the Administrative Agent, notice of which is hereby waived by the Grantors, each Additional Grantor shall be a Grantor and shall be as fully a party
hereto as if such Additional Grantor were an original signatory hereto. Each Grantor expressly agrees that its obligations arising hereunder shall not be affected or diminished by the addition or release of any other Grantor hereunder, nor by any
election of the Administrative Agent not to cause any Subsidiary to become an Additional Grantor hereunder. This Agreement shall be fully effective as to any Grantor that is or becomes a party hereto regardless of whether any other Person becomes or
fails to become or ceases to be a Grantor hereunder. 
 SECTION 6 

ADMINISTRATIVE AGENT APPOINTED ATTORNEY-IN-FACT 

 

	Section 6.1	 Power of Attorney 

Each Grantor hereby irrevocably makes, constitutes and appoints the Administrative Agent (and all duly authorized officers or agents designated by the
Administrative Agent) as such Grantor’s true and lawful agent, proxy and attorney-in-fact, with full power and authority in the place and stead of such Grantor and
in the name of such Grantor, the 

  
 26 

 
Administrative Agent or otherwise, from time to time in the Administrative Agent’s reasonable discretion, to take any and all actions and to execute any and all instruments and documents
that the Administrative Agent may deem reasonably necessary to accomplish the purposes of this Agreement, including but not limited to the following: 
  

	 	(a)	 upon the occurrence of an Event of Default which is continuing, 

 

	 	(i)	 to receive, endorse, assign, collect and deliver any and all notes, acceptances, checks, drafts, money orders
or other instruments, documents and Chattel Paper or other evidences of payment relating to the Collateral; 

  

	 	(ii)	 to ask for, demand, collect, sue for, recover, compound, receive payment of, give receipt for and give
discharges and releases of all or any of the Collateral; 

  

	 	(iii)	 to sign the name of such Grantor on any invoice, Document, freight or express bills, bills of lading, storage
or warehouse receipts, drafts against debtors, assignments, verifications, notices or other document relating to any of the Collateral; 

  

	 	(iv)	 to send verifications of Accounts Receivable or Contracts to any Account Debtor or parties to the Contracts, as
applicable; 

  

	 	(v)	 to commence and prosecute any and all suits, actions or proceedings at law or in equity in any court of
competent jurisdiction to collect or otherwise realize on all or any of the Collateral or to enforce any rights in respect of any Collateral; 

  

	 	(vi)	 to settle, compromise, compound, adjust or defend any claims, actions, suits or proceedings relating to all or
any of the Collateral; 

  

	 	(vii)	 to notify and direct, or to require such Grantor to notify and direct, Account Debtors or parties to the
Contracts to make payment directly to the Administrative Agent or as the Administrative Agent shall direct; 

  

	 	(viii)	 to exercise the right to vote the Pledged Stock, Pledged LLC Interests and Pledged Partnership Interests, and
all other rights, powers, privileges and remedies to which a holder of such Pledged Collateral would be entitled (including without limitation giving or withholding written consents of stockholders, calling special meetings of stockholders and
voting at such meetings), with full power of substitution to do so; and such proxy shall be effective automatically and without the necessity of any action (including any transfer of any Pledged Stock, Pledged LLC Interests or Pledged Partnership
Interests on the record books of the issuer thereof) by any Person (including, without limitation, the issuer of the Pledged Stock, Pledged LLC Interests or Pledged Partnership Interests, or any officer or agent thereof); 

  
 27 

	 	(ix)	 to collect and receive all cash dividends, interest, principal and other distributions made on the Pledged
Stock, Pledged LLC Interests or Pledged Partnership Interests; 

  

	 	(x)	 to use, sell, assign, transfer, pledge, make any agreement with respect to or otherwise deal with all or any of
the Collateral; 

  

	 	(xi)	 to prepare, sign and file for recordation in any Intellectual Property Registry, appropriate evidence of the
Security Interest granted herein in Intellectual Property in the name of such Grantor as assignor; 

  

	 	(xii)	 to take or cause to be taken all actions necessary to perform or comply or cause performance or compliance with
the terms of this Agreement, including to pay or discharge Taxes or Liens (other than Permitted Liens) levied or placed upon or threatened against the Collateral, the legality or validity thereof and the amounts necessary to discharge the same to be
determined by the Administrative Agent in its discretion, any such payments made by the Administrative Agent to become obligations of such Grantor to the Administrative Agent, due and payable immediately without demand; and 

 

	 	(xiii)	 generally to sell, transfer, pledge, make any agreement with respect to or otherwise deal with any of the
Collateral as fully and completely as though the Administrative Agent were the absolute owner thereof for all purposes, and to do, at the Administrative Agent’s option and such Grantor’s expense, at any time or from time to time, all acts
and things that the Administrative Agent deems reasonably necessary to protect, preserve or realize upon the Collateral and the Administrative Agent’s Security Interest therein in order to effect the intent of this Agreement, all as fully and
effectively as such Grantor might do, and 

  

	 	(b)	 to prepare, execute and file Records (including UCC financing statements) as further described in
Section 5.1(c). 

  

	Section 6.2	 No Duty on the Part of Administrative Agent or Secured Parties 

Notwithstanding any other provision of this Agreement, nothing herein contained shall be construed as requiring or obligating the Administrative Agent, any
other Secured Party or any of their respective officers, directors, employees or agents to make any commitment or to make any inquiry as to the nature or sufficiency of any payment received by the Administrative Agent or any other Secured Party, or
to present or file any claim or notice, or to take any action with respect to the Collateral or any part thereof or the moneys due or to become due in respect thereof or any property covered thereby, and no action taken or omitted to be taken by the
Administrative Agent, any other Secured Party or any of their respective officers, directors, employees or agents with respect to the Collateral or any part thereof shall give rise to any defense, counterclaim or offset in favor of any Grantor or to
any claim or action against the Administrative Agent, any other Secured Party or any of their respective officers, directors, employees or agents. 

  
 28 

 
It is understood and agreed that the appointment of the Administrative Agent as the agent and attorney-in-fact of
each Grantor for the purposes set forth above is coupled with an interest and is irrevocable as to each Grantor until this Agreement is terminated and all Security Interests created hereby with respect to the Collateral of such Grantor are released.
The provisions of this Section 6.2 shall in no event relieve any Grantor of any of its obligations hereunder or under any other Loan Document with respect to the Collateral or any part thereof or impose any obligation on the Administrative
Agent, any other Secured Party or any of their respective officers, directors, employees or agents to proceed in any particular manner with respect to the Collateral or any part thereof, or in any way limit the exercise by the Administrative Agent,
any other Secured Party or any of their respective officers, directors, employees or agents of any other or further right that it may have on the date of this Agreement or hereafter, whether hereunder, under any other Loan Document, by law or
otherwise. The Administrative Agent and the other Secured Parties shall be accountable only for amounts that they actually receive as a result of the exercise of such powers, and neither they nor any of their officers, directors, employees or agents
shall be responsible to the Grantors for any act or failure to act hereunder, except for their own gross negligence or willful misconduct, as determined by a court of competent jurisdiction in a final,
non-appealable judgment. 
  

	Section 6.3	 Authority, Immunities and Indemnities of Administrative Agent 

Each Grantor acknowledges, and, by acceptance of the benefits hereof, each Secured Party agrees, that the rights and responsibilities of the Administrative
Agent under this Agreement with respect to any action taken by the Administrative Agent or the exercise or non-exercise by the Administrative Agent of any option, voting right, request, judgment or other right
or remedy provided for herein or resulting or arising out of this Agreement shall, as among the Secured Parties, be governed by the Credit Agreement and that the Administrative Agent shall have, in respect thereof, all rights, remedies, immunities
and indemnities granted to it in the Credit Agreement. By acceptance of the benefits hereof, each Secured Party that is not a Lender agrees to be bound by the provisions of the Credit Agreement applicable to the Administrative Agent, including
Article 8 thereof, as fully as if such Secured Party were a Lender. The Administrative Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor
shall be under any obligation, or entitlement, to make any inquiry respecting such authority. 
 SECTION 7 

REMEDIES 
  

	Section 7.1	 Remedies Upon Event of Default 

 

	 	(a)	 Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent may exercise in
respect of the Collateral, in addition to all other rights and remedies provided for herein or otherwise available to it at law or in equity, all the rights and remedies of a secured party on default under the UCC (whether or not the UCC applies to
the affected Collateral) or any other applicable law, and without limiting the foregoing, also may pursue any of the following separately, successively or simultaneously: 

  
 29 

	 	(i)	 with respect to any Collateral consisting of Intellectual Property, on demand, each Grantor shall
(A) execute and deliver to the Administrative Agent an assignment or assignments in favor of the Administrative Agent, its designee or in blank, of such Grantor’s rights in any such Collateral, in recordable form with respect to those
items of such Collateral consisting of registered or applied-for Patents, Trademarks and Copyrights, and such other documents as are necessary or appropriate to carry out the intent and purposes hereof and/or
(B) license or sublicense, whether general, special or otherwise, and whether on an exclusive or non-exclusive basis, any such Collateral throughout the world on such terms and conditions and in such
manner as the Administrative Agent shall determine (other than in violation of any then-existing licensing arrangements to the extent that waivers cannot be obtained); 

 

	 	(ii)	 require a Grantor to, and each Grantor hereby agrees that it shall at its expense and promptly upon request of
the Administrative Agent forthwith, assemble all or part of the Collateral as directed by the Administrative Agent and make it available to the Administrative Agent at a place to be designated by the Administrative Agent that is reasonably
convenient to both parties; 

  

	 	(iii)	 with or without legal process and with or without prior notice or demand for performance, to take possession of
the Collateral and to enter without breach of the peace any premises owned or leased by the Grantors where the Collateral may be located for the purpose of taking possession of or removing the Collateral; 

 

	 	(iv)	 prior to the disposition of the Collateral, store, process, repair or recondition the Collateral or otherwise
prepare the Collateral for disposition in any manner to the extent the Administrative Agent deems appropriate; 

  

	 	(v)	 [reserved]; 

  

	 	(vi)	 without prior notice except as specified below, sell, assign, lease, license (on an exclusive or non-exclusive basis) or otherwise dispose of the Collateral or any part thereof in one or more parcels at public or private sale or at any broker’s board or on any securities exchange, at any of the
Administrative Agent’s offices or elsewhere, for cash, on credit or for future delivery, at such time or times and at such price or prices and upon such other terms as the Administrative Agent may deem reasonable; provided that
(A) the Administrative Agent shall be authorized at any such sale (if it deems it advisable to do so) to restrict the prospective bidders or purchasers to Persons who will represent and agree that they are purchasing the Collateral for their
own account for investment and not with a view to the distribution or sale thereof, (B) upon consummation of any such sale the Administrative Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the
Collateral so sold, (C) each such 

  
 30 

	 	
purchaser at any such sale shall hold the property sold absolutely, free from any claim or right on the part of any Grantor, and (D) each Grantor hereby waives (to the extent permitted by
law) all rights of redemption, stay, valuation and appraisal that such Grantor now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted; 

 

	 	(vii)	 with respect to any Collateral consisting of contracts or agreements, the Administrative Agent may notify or
require a Grantor to notify any counterparty to such contract or agreement to make all payments thereunder directly to the Administrative Agent; and 

  

	 	(viii)	 each Grantor hereby agrees to cause the issuer of any Pledged Collateral to reflect the right of the
Administrative Agent to vote such Pledged Collateral in the applicable books and records of such Grantor (including any share register of such Grantor). 

  

	 	(b)	 The Administrative Agent or any other Secured Party may be the purchaser of any or all of the Collateral at any
sale thereof and the Administrative Agent, as collateral agent for and representative of the Secured Parties, shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the
Collateral sold at any such public sale, to use and apply any of the Secured Obligations as a credit on account of the purchase price for any Collateral payable by the Administrative Agent at such sale. 

 

	 	(c)	 Each Grantor hereby waives notice of the time and place of any public sale or the time after which any private
sale or other disposition of all or any part of the Collateral may be made. To the extent such notice may not be waived under the UCC or other applicable law, any notice made shall be deemed reasonable if sent to such Grantor or the Borrower,
addressed as set forth in the notice provisions of the Credit Agreement, at least ten days prior to (i) the date of any such public sale or (ii) the time after which any such private sale or other disposition may be made. Such notice, in
the case of a public sale, shall state the time and place for such sale and, in the case of a sale at a broker’s board or on a securities exchange, shall state the board or exchange at which such sale is to be made and the day on which the
Collateral, or portion thereof, will first be offered for sale at such board or exchange. Any such public sale shall be held at such time or times during ordinary business hours and at such place or places as the Administrative Agent may fix and
state in the notice (if any) of such sale. At any such sale, the Collateral, or portion thereof, to be sold may be sold in one lot as an entirety or in separate parcels, as the Administrative Agent may (in its sole and absolute discretion)
determine. The Administrative Agent shall not be obligated to make any sale of any Collateral if it shall determine not to do so, regardless of the fact that notice of sale of such Collateral shall have been given. The Administrative Agent may,
without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to
which the same 

  
 31 

	 	
was so adjourned. In case any sale of all or any part of the Collateral is made on credit or for future delivery, the Collateral so sold may be retained by the Administrative Agent until the sale
price is paid by the purchaser or purchasers thereof, but the Administrative Agent shall not incur any liability in case any such purchaser or purchasers shall fail to take up and pay for the Collateral so sold and, in case of any such failure, such
Collateral may be sold again upon like notice. For purposes hereof, a written agreement to purchase the Collateral or any portion thereof shall be treated as a sale thereof; the Administrative Agent shall be free to carry out such sale pursuant to
such agreement and the Grantors shall not be entitled to the return of the Collateral or any portion thereof subject thereto, notwithstanding the fact that after the Administrative Agent shall have entered into such an agreement all Events of
Default shall have been remedied and the Secured Obligations paid in full. As an alternative to exercising the power of sale herein conferred upon it, the Administrative Agent may proceed by a suit or suits at law or in equity to foreclose upon the
Collateral and to sell the Collateral or any portion thereof pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding by a court-appointed receiver. Each Grantor hereby waives any claims against
the Administrative Agent arising by reason of the fact that the price at which any Collateral may have been sold at such a private sale was less than the price that might have been obtained at a public sale, even if the Administrative Agent accepts
the first offer received and does not offer such Collateral to more than one offeree. 

  

	 	(d)	 If the Proceeds of any sale or other disposition of the Collateral are insufficient to pay the entire
outstanding amount of the Secured Obligations, the Grantors shall be jointly and severally liable for any deficiency. Each Grantor further agrees that a breach of any of the covenants contained in this Section will cause irreparable injury to the
Administrative Agent, that the Administrative Agent has no adequate remedy at law in respect of such breach and, as a consequence, that each and every covenant contained in this Section shall be specifically enforceable against the Grantors, and the
Grantors hereby waive and agree not to assert any defenses in an action for specific performance of such covenants except for a defense that no Event of Default has occurred or is continuing under the Credit Agreement. Nothing in this Section shall
in any way alter the rights of the Administrative Agent hereunder. 

  

	 	(e)	 The Administrative Agent may sell the Collateral without giving any warranties as to the Collateral. The
Administrative Agent may specifically disclaim or modify any warranties of title or the like. This procedure will not be considered to adversely affect the commercial reasonableness of any sale of the Collateral. 

 

	 	(f)	 The Administrative Agent shall have no obligation to marshal any of the Collateral. 

 

	Section 7.2	 Intellectual Property 

For the purpose of enabling the Administrative Agent to exercise rights and remedies under this Agreement at such time as the Administrative Agent shall be
lawfully entitled to exercise such rights and remedies, and for no other purpose, each Grantor hereby grants to the 

  
 32 

 
Administrative Agent, for the benefit of the Administrative Agent and the Secured Parties only, an irrevocable during the term of this Agreement,
non-exclusive license (exercisable without payment of royalty or other compensation to the Grantors) to use, license or sub-license any of the Collateral consisting of
Intellectual Property subject, in the case of Trademarks, to sufficient rights to quality control and inspection in favor of such Grantor to avoid the risk of invalidation of such Trademarks, now owned or hereafter acquired by such Grantor, and
wherever the same may be located, or Patent Licenses, Trademark Licenses or Copyright Licenses, and including in such license reasonable access to all media in which any of the licensed items may be recorded or stored and to all computer software
and programs used for the compilation or printout thereof; provided that only upon the occurrence and during the continuance of an Event of Default following any applicable cure period, may such license to the Administrative Agent be
exercised, at the option of the Administrative Agent; and provided, further, that any sublicenses granted by the Administrative Agent under such license during the continuance of an Event of Default shall survive as direct licenses of
such Grantor in accordance with their terms, notwithstanding the subsequent cure of the Event of Default that gave rise to the exercise of the Administrative Agent’s rights and remedies or the termination of this Agreement. 

 

	Section 7.3	 Application of Proceeds 

At such intervals as may be agreed upon by the Borrower and the Administrative Agent, or, if and whenever any Event of Default has occurred and is continuing,
the Administrative Agent shall apply all or any part of Proceeds consisting of Collateral or the Collateral as set forth in Section 7.02 of the Credit Agreement. 
  

	Section 7.4	 Securities Act, Etc. 

 

	 	(a)	 Each Grantor understands that compliance with United States federal securities laws, including but not limited
to the Securities Act, might very strictly limit the course of conduct of the Administrative Agent if the Administrative Agent were to attempt to dispose of all or any part of the Pledged Collateral, and might also limit the extent to which or the
manner in which any subsequent transferee of any Pledged Collateral could dispose of the same. Similarly, there may be other legal restrictions or limitations affecting the Administrative Agent in any attempt to dispose of all or part of the Pledged
Collateral under applicable “blue sky” laws or other state securities laws or similar laws analogous in purpose or effect. Each Grantor recognizes that in light of such restrictions and limitations the Administrative Agent may, with
respect to any sale of the Pledged Collateral, limit the purchasers to those who will agree, among other things, to acquire such Pledged Collateral for their own account, for investment, and not with a view to the distribution or resale thereof.
Each Grantor acknowledges and agrees that in light of such restrictions and limitations, the Administrative Agent, in its sole and absolute discretion exercised in good faith, (a) may proceed to make such a sale whether or not a registration
statement for the purpose of registering such Pledged Collateral or part thereof shall have been filed under United States federal securities laws and (b) may approach and negotiate with a single potential purchaser to effect such sale. Each
Grantor acknowledges and agrees that any such sale might result in prices and other terms less favorable to the seller than if such sale were a public 

  
 33 

	 	
sale without such restrictions. In the event of any such sale, the Administrative Agent shall incur no responsibility or liability for selling all or any part of the Pledged Collateral at a price
that the Administrative Agent, in its sole and absolute discretion, may in good faith deem reasonable under the circumstances, notwithstanding the possibility that a substantially higher price might have been realized if the sale were deferred until
after registration as aforesaid or if more than a single purchaser were approached. The provisions of this Section 7.4 will apply notwithstanding the existence of a public or private market upon which the quotations or sales prices might exceed
substantially the price at which the Administrative Agent sells. 

  

	 	(b)	 If the Administrative Agent shall determine to exercise its right to sell any or all of the Pledged Stock
pursuant to Section 7.1, and if in the reasonable opinion of the Administrative Agent it is necessary or advisable to have the sale of the Pledged Stock, or that portion thereof to be sold, registered under the provisions
of the Securities Act, the relevant Grantor will use commercially reasonable efforts (i) to cause the issuer thereof to execute and deliver, and cause the directors and officers of such issuer to execute and deliver, all such instruments and
documents, and do or cause to be done all such other acts as may be, in the reasonable opinion of the Administrative Agent, necessary or advisable to register the sale of Pledged Stock, or that portion thereof to be sold, under the provisions of the
Securities Act, (ii) to cause the registration statement relating thereto to become effective and to remain effective for a period of six months from the date of the first public offering of the Pledged Stock, or that portion thereof to be sold
and (iii) to make all amendments thereto and/or to the related prospectus which, in the reasonable opinion of the Administrative Agent, are necessary or advisable, all in conformity with the requirements of the Securities Act and the rules and
regulations of the Securities and Exchange Commission applicable thereto. Each Grantor agrees to use commercially reasonable efforts to cause such issuer to comply with the provisions of the applicable “blue sky” laws or other state
securities laws or similar laws analogous in purpose or effect of any and all jurisdictions which the Administrative Agent shall reasonably designate and to make available to its security holders, as soon as practicable, an earnings statement (which
need not be audited) which will satisfy the provisions of Section 11(a) of the Securities Act. 

  

	 	(c)	 Each Grantor agrees to use commercially reasonable efforts to do or cause to be done all such other acts as may
be necessary to make such sale or sales of all or any portion of the Pledged Stock pursuant hereto valid and binding and in compliance with any and all other applicable laws. Each Grantor further agrees that a breach of any of the covenants
contained in this Section will cause irreparable injury to the Administrative Agent, that the Administrative Agent has no adequate remedy at law in respect of such breach and, as a consequence, that each and every covenant contained in this Section
shall be specifically enforceable against the Grantors, and the Grantors hereby waive and agree not to assert any defenses in an action for specific performance of such covenants except for a defense that no Event of Default has occurred or is
continuing under the Credit Agreement. Nothing in this Section shall in any way alter the rights of the Administrative Agent hereunder. 

  
 34 

 SECTION 8 

STANDARD OF CARE; ADMINISTRATIVE AGENT MAY PERFORM 

The powers conferred on the Administrative Agent hereunder are solely to protect its interest in the Collateral and shall not impose any duty upon it to
exercise any such powers. Except for the exercise of reasonable care in the custody of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Administrative Agent shall have no duty as to any Collateral
or as to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral. The Administrative Agent shall be deemed to have exercised reasonable care in the custody and preservation of
Collateral in its possession if such Collateral is accorded treatment at least substantially equal to that which the Administrative Agent accords its own property. Neither the Administrative Agent nor any of its directors, officers, employees or
agents shall be liable for failure to demand, collect or realize upon all or any part of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of the Grantors or
otherwise. 
 SECTION 9 

MISCELLANEOUS 
  

	Section 9.1	 Notices 

All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in writing and given as provided in Section 9.01 of the
Credit Agreement. 
  

	Section 9.2	 Security Interest Absolute 

All rights of the Administrative Agent hereunder, the Security Interest and all obligations of the Grantors hereunder shall be absolute and unconditional
irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing,
(b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or
any other agreement or instrument, (c) any exchange, release or non-perfection of any Lien on collateral other than the Collateral, or any release or amendment or waiver of or consent under or departure
from any Collateral Document or guarantee securing or guaranteeing all or any of the Secured Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Grantors in respect of the
Secured Obligations or this Agreement (other than the indefeasible payment in full in cash of the Secured Obligations). 
  

	Section 9.3	 Survival of Agreement 

All covenants, agreements, representations and warranties made by the Grantors herein and in the certificates or other instruments prepared or delivered in
connection with or pursuant to this Agreement shall survive the execution and delivery hereof and be considered to have been relied upon by the Secured Parties and shall survive the making by the Secured Parties

  
 35 

 
of any Borrowing, regardless of any investigation made by the Secured Parties or on their behalf, and shall continue in full force and effect until this Agreement shall terminate. 

 

	Section 9.4	 Binding Effect 

This Agreement shall be binding upon the parties hereto and their respective successors and permitted assigns and shall inure to the benefit of the parties
hereto and their respective successors and permitted assigns, except that no Grantor may assign or otherwise transfer any of its rights or obligations hereunder or any interest in the Collateral (and any such assignment or transfer shall be null and
void) except as expressly contemplated by this Agreement or the Credit Agreement. 
  

	Section 9.5	 Successors and Permitted Assigns 

This Agreement will be binding upon the parties hereto and their respective successors and permitted assigns and shall inure to the benefit of each of the
parties hereto and each of the Secured Parties and their respective successors and permitted assigns, and nothing herein, express or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors
and permitted assigns and, to the extent expressly contemplated hereby or the Credit Agreement, Affiliates of each of the Agents and Lenders and other Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement or
any Collateral; provided that notwithstanding anything herein to the contrary, no Grantor may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Person required under
Section 9.02(b) of the Credit Agreement unless expressly permitted under Section 6.03 of the Credit Agreement (and any attempted assignment or transfer by such Grantor without such consent shall be null and void). All references to any
Loan Party will include any Loan Party as debtor-in-possession and any receiver or trustee for such Loan Party in any insolvency, bankruptcy or similar proceeding. 

 

	Section 9.6	 Administrative Agent’s Fees and Expenses; Indemnification 

This Agreement incorporates herein the indemnity and reimbursement provisions set forth in the Credit Agreement as if such provisions were set forth herein,
mutatis mutandis. 
  

	Section 9.7	 Applicable Law 

THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW
ARISING OUT OF THE SUBJECT MATTER HEREOF AND ANY DETERMINATIONS WITH RESPECT TO POST-JUDGMENT INTEREST) SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF
LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. 

  
 36 

	Section 9.8	 Waivers; Amendment 

 

	 	(a)	 No failure or delay on the part of the Administrative Agent to exercise any power, right or privilege hereunder
shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any such power, right or privilege, or any abandonment or discontinuance of steps to
enforce such a power, right or privilege, preclude any other or further exercise thereof or the exercise of any other power, right or privilege. The powers, rights, privileges and remedies of the Administrative Agent and the other Secured Parties
hereunder and under the other Loan Documents are cumulative and shall be in addition to and independent of all rights, powers and remedies existing by virtue of any statute or rule of law or in any of the other Loan Documents. No waiver of any
provisions of this Agreement or any other Loan Document or consent to any departure by the Grantors therefrom shall in any event be effective unless the same shall be permitted by paragraphs (b) or (c) below, and then such waiver or consent
shall be effective only in the specific instance and for the purpose for which given. No notice to or demand on any Grantor in any case shall entitle such Grantor or any other Grantor to any other or further notice or demand in similar or other
circumstances. 

  

	 	(b)	 Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an
agreement or agreements in writing entered into by the Administrative Agent and the Grantors, subject to any consent required in accordance with the Credit Agreement. 

 

	 	(c)	 Notwithstanding the foregoing, the Administrative Agent may, with the consent of the Grantors and without the
consent of any Lender, Secured Party or other Person, amend, modify or supplement this Agreement in writing to cure any ambiguity, omission, defect or inconsistency, so long as such amendment, modification or supplement does not adversely affect the
rights of any Lender. 

  

	Section 9.9	 Waiver of Jury Trial 

EACH OF THE PARTIES TO THIS AGREEMENT HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT
OF THIS AGREEMENT OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS AGREEMENT OR ANY TRANSACTIONS PROVIDED HEREUNDER OR CONTEMPLATED HEREBY. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY
BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS AGREEMENT OR ANY TRANSACTION PROVIDED HEREUNDER OR CONTEMPLATED HEREBY, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS.
EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP, THAT EACH PARTY HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT, AND THAT 

  
 37 

 
EACH PARTY WILL CONTINUE TO RELY ON THIS WAIVER IN THEIR RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND
THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY
REFERRING TO THIS SECTION 9.9 AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER WILL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE
FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 
  

	Section 9.10	 Severability 

In case any provision in or obligation under this Agreement is invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability
of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, will not in any way be affected or impaired thereby. 
  

	Section 9.11	 Counterparts; Effectiveness 

This Agreement and any amendments, waivers, consents or supplements hereto or in connection herewith may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which when so executed and delivered will be deemed an original, but all such counterparts together will constitute but one and the same instrument; signature pages may be detached from
multiple separate counterparts and attached to a single counterpart so that all signature pages are physically attached to the same document. This Agreement will become effective upon the execution and delivery to the Administrative Agent of a
counterpart hereof by each of the parties hereto. Delivery of an executed signature page of this Agreement by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart hereof. The Administrative Agent may
also require that any such facsimile or electronic transmission signatures be confirmed by a manually signed original thereof; provided that the failure to request or deliver the same shall not limit the effectiveness of any facsimile or
electronic transmission signature delivered. 
  

	Section 9.12	 Section Headings 

Section headings herein are included herein for convenience of reference only and shall not constitute a part hereof for any other purpose or be given any
substantive effect. 
  

	Section 9.13	 Consent to Jurisdiction and Service of Process 

SUBJECT TO CLAUSE (E) OF THE FOLLOWING SENTENCE, ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY GRANTOR ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR ANY
OBLIGATIONS HEREUNDER, SHALL BE BROUGHT IN ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN THE STATE, COUNTY AND CITY OF NEW YORK. BY 

  
 38 

 
EXECUTING AND DELIVERING THIS AGREEMENT, EACH GRANTOR, FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, IRREVOCABLY: 
  

	 	(A)	 ACCEPTS GENERALLY AND UNCONDITIONALLY THE EXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS (OTHER THAN WITH
RESPECT TO ACTIONS BY ANY AGENT IN RESPECT OF RIGHTS HEREUNDER GOVERNED BY LAWS OTHER THAN THE LAWS OF THE STATE OF NEW YORK OR WITH RESPECT TO ANY COLLATERAL SUBJECT HERETO); 

 

	 	(B)	 WAIVES ANY DEFENSE OF FORUM NON CONVENIENS; 

 

	 	(C)	 AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY REGISTERED OR
CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO SUCH GRANTOR AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 9.1; 

  

	 	(D)	 AGREES THAT SERVICE AS PROVIDED IN CLAUSE (C) ABOVE IS SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER
SUCH GRANTOR IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT; 

  

	 	(E)	 AGREES THAT THE ADMINISTRATIVE AGENT AND THE SECURED PARTIES RETAIN THE RIGHT TO SERVE PROCESS IN ANY OTHER
MANNER PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST SUCH GRANTOR IN THE COURTS OF ANY OTHER JURISDICTION; AND 

  

	 	(F)	 AGREES THAT THE PROVISIONS OF THIS SECTION 9.13 RELATING TO JURISDICTION AND VENUE WILL BE BINDING AND
ENFORCEABLE TO THE FULLEST EXTENT PERMISSIBLE UNDER NEW YORK GENERAL OBLIGATIONS LAW SECTION 5-1402 OR OTHERWISE. 

 

	Section 9.14	 Termination, Release 

 

	 	(a)	 This Agreement, the Security Interest and all other security interests granted hereby shall terminate when all
Obligations (other than contingent indemnification obligations for which no claim has been made) have been paid in full and all Commitments and New Commitments have terminated or expired. 

 

	 	(b)	 A Grantor (other than the Borrower) shall automatically be released from its obligations hereunder and the
Security Interest in the Collateral of such Grantor shall be automatically released upon the consummation of any transaction permitted by the Credit Agreement as a result of which such Grantor ceases to be a Subsidiary of the Borrower.

  
 39 

	 	(c)	 Upon any sale or other transfer or disposition by any Grantor of any Collateral that is permitted under the
Credit Agreement, or upon the effectiveness of any written consent to the release of the Security Interest granted hereby in any Collateral pursuant to the Credit Agreement or this Agreement, the Security Interest in such Collateral shall be
automatically released; provided that if any Grantor provides cash collateral to an issuing bank in connection with such issuing bank’s issuance of a bank guarantee or letter of credit for the account of any Grantor or any of their
respective Subsidiaries in a transaction permitted by the Credit Agreement, then the Security Interest in cash constituting Collateral shall be automatically released so long as the amount of such cash constitutes a Permitted Cash Collateral Release
Amount. 

  

	 	(d)	 In connection with any termination or release pursuant to paragraph (a), (b) or (c) of this
Section 9.14, the Administrative Agent shall execute and deliver to any Grantor at such Grantor’s expense, all UCC termination statements, releases and similar documents that such Grantor shall reasonably request to evidence such
termination or release. Any execution and delivery of termination statements, releases, or other documents pursuant to this Section 9.14 shall be without recourse to or warranty by the Administrative Agent. 

[Remainder of page intentionally left blank; signature pages omitted] 

  
 40 

 EXHIBIT A 

TO THE PLEDGE AND SECURITY AGREEMENT 

FORM OF SECURITY SUPPLEMENT 
 This
SECURITY SUPPLEMENT, dated as of [            ], 20[    ], is delivered pursuant to the Pledge and Security Agreement, dated as of December 20, 2019 (as it
may from time to time be amended, restated, amended and restated, modified or supplemented, the “Security Agreement”), among PALANTIR TECHNOLOGIES INC., a Delaware corporation (the “Borrower”), the other LOAN
PARTIES from time to time party thereto (collectively, with the Borrower, the “Grantors”, and each, a “Grantor”), and MORGAN STANLEY SENIOR FUNDING, INC., as administrative agent for the Secured Parties (in such
capacity, together with its successors in such capacity, the “Administrative Agent”). Capitalized terms used herein but not defined herein are used with the meanings given them in the Security Agreement. 

Each Grantor confirms that it pledges and grants to the Administrative Agent, for its benefit and for the benefit of the Secured Parties, as set forth in and
subject to the terms and conditions of the Security Agreement, a continuing security interest in and Lien on all of its right, title and interest in, to and under the Collateral, in each case whether now owned or existing or hereafter acquired or
arising and wherever located, as security for the prompt and complete payment and performance in full when due (whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise, including the payment of amounts that
would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code) of all Secured Obligations. 
 Each Grantor
represents and warrants that the attached supplements to Perfection Certificate accurately and completely set forth all additional information required pursuant to the Security Agreement and hereby agrees that such supplements to the Perfection
Certificate shall constitute part of the Perfection Certificate. 
 IN WITNESS WHEREOF, each Grantor has caused this Security Supplement to be duly executed
and delivered by its duly authorized officer as of [            , 20[    ]]. 
  

			
	[GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

 [ADDITIONAL GRANTORS] 

 EXHIBIT B 

TO PLEDGE AND SECURITY AGREEMENT 

FORM OF JOINDER AGREEMENT 
 This
JOINDER AGREEMENT, dated as of [            ], 20[    ], is delivered pursuant to Section 5.2 of the Pledge and Security Agreement, dated as of
December 20, 2019 (as it may from time to time be amended, restated, amended and restated, modified or supplemented, the “Pledge and Security Agreement”) among PALANTIR TECHNOLOGIES INC., a Delaware corporation (the
“Borrower”), the other LOAN PARTIES from time to time party thereto (collectively, with the Borrower, the “Grantors”, and each, a “Grantor”), and MORGAN STANLEY SENIOR FUNDING, INC., as
administrative agent for the Secured Parties (in such capacity, together with its successors in such capacity, the “Administrative Agent”). Capitalized terms used herein but not defined herein are used with the meanings given them
in the Pledge and Security Agreement. 
 By executing and delivering this Joinder Agreement, the undersigned, as provided in Section 5.2 of the Pledge
and Security Agreement, hereby becomes a party to the Pledge and Security Agreement as a Grantor thereunder with the same force and effect as if originally named as a Grantor therein and, without limiting the generality of the foregoing, hereby:

 (a) pledges and grants to the Administrative Agent, for its benefit and for the benefit of the Secured Parties, a
continuing security interest in and Lien on all of its right, title and interest in, to and under the Collateral, in each case whether now owned or existing or hereafter acquired or arising and wherever located, as security for the prompt and
complete payment and performance in full when due (whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise, including the payment of amounts that would become due but for the operation of the automatic stay
under Section 362(a) of the Bankruptcy Code) of all Secured Obligations; 
 (b) expressly assumes all obligations and
liabilities of a Grantor under the Pledge and Security Agreement; and 
 (c) hereby authorizes the Administrative Agent, at
the expense of the Grantor, to file a Record or Records, including financing statements, continuation statements and, in each case, amendments thereto, in all United States jurisdictions and with all filing offices as the Administrative Agent may
determine, in its reasonable discretion, are necessary or advisable to perfect (or release) the Security Interest granted to the Administrative Agent herein, without the signature of such Grantor, which Records in any event shall include the
financing statements attached hereto as Exhibit A. Such financing statements may describe the Collateral in the same manner as described herein or may contain an indication or description of the Collateral that describes such property in any other
manner as the Administrative Agent may determine, in its reasonable discretion, is necessary, advisable or prudent to ensure the perfection of the Security Interest in the Collateral granted to the Administrative Agent herein, including describing
such property as “all assets, whether 

 
now owned or hereafter acquired” or “all personal property, whether now owned or hereafter acquired” or words of similar import. 

The information set forth in Exhibit B hereto is hereby added to the information set forth in the Perfection Certificate. 

The undersigned hereby represents and warrants that each of the representations and warranties contained in Section 3 (Representations and Warranties) of
the Pledge and Security Agreement applicable to it is true and correct (subject to all materiality qualifiers contained therein) as if made on and as of the date hereof (unless stated to relate solely to an earlier date, in which case such
representations and warranties are true and correct (subject to all materiality qualifiers contained therein) as of such earlier date). 
 This Joinder
Agreement and the rights and obligations of the parties hereto (including, without limitation, any claims sounding in contract law or tort law arising out of the subject matter hereof and any determinations with respect to post-judgment interest)
shall be governed by, and construed and enforced in accordance with, the laws of the State of New York without regard to conflict of laws principles thereof that would result in the application of any law other than the law of the state of New York.
The terms and provisions of Section 9.13 of the Pledge and Security Agreement are incorporated by reference herein with respect hereto as if fully set forth herein. 

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.] 

 IN WITNESS WHEREOF, the undersigned has caused this Joinder Agreement to be duly executed and
delivered as of the date first above written. 
  

			
	[ADDITIONAL GRANTOR]
		
	By	 	
                     
            

		 	Name:
		 	Title:
	
	ACKNOWLEDGED AND AGREED
	
	as of the date first above written:
	
	MORGAN STANLEY SENIOR FUNDING, INC.,
	as Administrative Agent
		
	By	 	
                     
            

		 	Name:
		 	Title:

 Exhibit A To Joinder Agreement 

Financing Statements 

 Exhibit B To Joinder Agreement 

Security Supplement 

 EXHIBIT C 

TO THE PLEDGE AND SECURITY AGREEMENT 

FINANCING STATEMENTS 

 EXHIBIT D-1 

TO PLEDGE AND SECURITY AGREEMENT 

FORM OF PATENT SECURITY AGREEMENT 

This PATENT SECURITY AGREEMENT, dated as of             , 20     (this
“Agreement”), among each LOAN PARTY listed on the signature pages hereto (all of the foregoing, each a “Grantor” and collectively, the “Grantors”), and MORGAN STANLEY SENIOR FUNDING, INC., as
administrative agent for the Secured Parties (as defined in the Credit Agreement referred to below) (in such capacity, together with its successors in such capacity, the “Administrative Agent”). 

RECITALS 
  

	(A)	 PALANTIR TECHNOLOGIES INC., a Delaware corporation, the LENDERS from time to time party thereto and the
ADMINISTRATIVE AGENT have entered into that certain Revolving Credit Agreement, dated as of October 7, 2014 (as amended, restated, amended and restated, supplemented, extended or otherwise modified from time to time, the “Credit
Agreement”). 

  

	(B)	 The Grantors are party to a Pledge and Security Agreement, dated as of December 20, 2019, in favor of the
Administrative Agent (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Pledge and Security Agreement”), pursuant to which certain Grantors are required to execute and deliver
this Agreement. 

  

	(C)	 Under and subject to the terms of the Pledge and Security Agreement, the Grantors have pledged and granted to
the Administrative Agent, for its benefit and for the benefit of the Secured Parties (as defined in the Credit Agreement) a continuing security interest in and Lien on certain Collateral (as set forth in and defined in the Pledge and Security
Agreement), including without limitation certain Intellectual Property (as set forth in and defined in the Pledge and Security Agreement) of the Grantors, and have agreed to execute this Agreement for recording with the United States Patent and
Trademark Office. 

  

	(D)	 In consideration of the mutual conditions and agreements set forth in the Credit Agreement, the Pledge and
Security Agreement and this Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

SECTION 1    Defined Terms 

Unless otherwise defined herein, terms defined in the Pledge and Security Agreement and used herein have the meaning given to them in the Pledge and Security
Agreement. 

	SECTION 2    Grant	 of Security Interest in Patent Collateral 

As security for the prompt and complete payment and performance in full when due (whether at stated maturity, by required prepayment, declaration,
acceleration, demand or otherwise, including the payment of amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code) of all Secured Obligations, each Grantor hereby pledges and
grants to the Administrative Agent, for its benefit and for the benefit of the Secured Parties, a continuing security interest in and Lien on all of its right, title and interest in, to and under all Patent Collateral (as defined below), whether now
owned or existing or hereafter acquired or arising and wherever located. 
 “Patent Collateral” means each Grantor’s right, title and
interest in, to and under all United States and foreign patents, certificates of invention and industrial designs, and pending applications for any of the foregoing, throughout the world, including, without limitation: (i) each patent and
patent application referred to in Schedule I hereto, (ii) all reissues, divisions, continuations, continuations-in-part, extensions, renewals and reexaminations of
any of the foregoing, (iii) the right to sue or otherwise recover for past, present and future infringements, misappropriations or other violations of any of the foregoing, and (iv) all Proceeds of the foregoing, including licenses,
royalties, fees, income, payments, claims, damages and proceeds of suit. Notwithstanding anything herein to the contrary, in no event shall the term “Patent Collateral” include, and Grantor shall not be deemed to have granted a security
interest in, any of its right, title or interest in any Excluded Assets (but only for so long as such property shall constitute Excluded Assets). 

SECTION 3    Pledge and Security Agreement 

This Agreement has been executed and delivered by each Grantor for the purpose of recording the grant of security interest herein with the United States Patent
and Trademark Office. The security interest granted pursuant to this Agreement is granted concurrently in conjunction with the security interest granted to the Administrative Agent pursuant to the Pledge and Security Agreement, and each Grantor
hereby acknowledges and affirms that the rights and remedies of the Administrative Agent with respect to the security interest in the Patent Collateral made and granted hereby is more fully set forth in the Pledge and Security Agreement, the terms
and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Agreement is deemed to conflict with the Pledge and Security Agreement, the provisions of the Pledge and Security
Agreement shall control. 
 SECTION 4    Term 

The term of this Agreement shall be coterminous with the term of the Pledge and Security Agreement. 

SECTION 5    Governing Law and Consent to Jurisdiction 

THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAW OF THE
STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES THAT WOULD RESULT 

 
IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. THE TERMS AND PROVISIONS OF SECTION 9.13 OF THE PLEDGE AND SECURITY AGREEMENT ARE INCORPORATED BY REFERENCE HEREIN WITH
RESPECT HERETO AS IF FULLY SET FORTH HEREIN, MUTATIS MUTANDIS. 
 SECTION 6    Counterparts 

This Agreement and any amendments, waivers, consents or supplements hereto or in connection herewith may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which when so executed and delivered will be deemed an original, but all such counterparts together will constitute but one and the same instrument; signature pages may be detached from
multiple separate counterparts and attached to a single counterpart so that all signature pages are physically attached to the same document. This Agreement will become effective upon the execution and delivery of a counterpart hereof by each of the
parties hereto. Delivery of an executed signature page of this Agreement by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart hereof. The Administrative Agent may also require that any such
facsimile or electronic transmission signatures be confirmed by a manually signed original thereof; provided that the failure to request or deliver the same shall not limit the effectiveness of any facsimile or electronic transmission
signature delivered. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, each Grantor has caused this Patent Security Agreement to be executed and
delivered by its duly authorized offer as of the date first set forth above. 
  

			
	[                    ]
		
	By	 	
                    

		 	Name:
		 	Title:
	
	[ADDITIONAL GRANTORS]
		
	By	 	
                    

		 	Name:
		 	Title:
		
	By	 	
                    

		 	Name:
		 	Title:

  

	
	ACCEPTED AND AGREED:
	MORGAN STANLEY SENIOR FUNDING, INC., as Administrative Agent

  

			
	By	 	
                    

		 	Name:
		 	Title:

 SCHEDULE I 

PATENT REGISTRATIONS 
  

	(A)	 PATENTS 

  

			
	      	 	 Patent No.

  

	(B)	 PATENT APPLICATIONS 

 

			
	      	 	 Application No.

 EXHIBIT D-2 

TO PLEDGE AND SECURITY AGREEMENT 

FORM OF TRADEMARK SECURITY AGREEMENT 

This TRADEMARK SECURITY AGREEMENT, dated as of             , 20    
(this “Agreement”), among each LOAN PARTY listed on the signature pages hereto (all of the foregoing, each a “Grantor” and collectively, the “Grantors”), and MORGAN STANLEY SENIOR FUNDING, INC., as
administrative agent for the Secured Parties (as defined in the Credit Agreement referred to below) (in such capacity, together with its successors in such capacity, the “Administrative Agent”). 

RECITALS 
  

	(A)	 PALANTIR TECHNOLOGIES INC., a Delaware corporation, the LENDERS from time to time party thereto and the
ADMINISTRATIVE AGENT have entered into that certain Revolving Credit Agreement, dated as of October 7, 2014 (as amended, restated, amended and restated, supplemented, extended or otherwise modified from time to time, the “Credit
Agreement”). 

  

	(B)	 The Grantors are party to a Pledge and Security Agreement, dated as of December 20, 2019, in favor of the
Administrative Agent (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Pledge and Security Agreement”), pursuant to which certain Grantors are required to execute and deliver
this Agreement. 

  

	(C)	 Under and subject to the terms of the Pledge and Security Agreement, the Grantors have pledged and granted to
the Administrative Agent, for its benefit and for the benefit of the Secured Parties (as defined in the Credit Agreement) a continuing security interest in and Lien on certain Collateral (as set forth in and defined in the Pledge and Security
Agreement), including without limitation certain Intellectual Property (as set forth in and defined in the Pledge and Security Agreement) of the Grantors, and have agreed to execute this Agreement for recording with the United States Patent and
Trademark Office. 

  

	(D)	 In consideration of the mutual conditions and agreements set forth in the Credit Agreement, the Pledge and
Security Agreement and this Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

 

	SECTION 1	 Defined Terms 

Unless otherwise defined herein, terms defined in the Pledge and Security Agreement and used herein have the meaning given to them in the Pledge and Security
Agreement. 

	SECTION 2	 Grant of Security Interest in Trademark Collateral 

As security for the prompt and complete payment and performance in full when due (whether at stated maturity, by required prepayment, declaration,
acceleration, demand or otherwise, including the payment of amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code) of all Secured Obligations, each Grantor hereby pledges and
grants to the Administrative Agent, for its benefit and for the benefit of the Secured Parties, a continuing security interest in and Lien on all of its right, title and interest in, to and under all Trademark Collateral (as defined below), whether
now owned or existing or hereafter acquired or arising and wherever located. 
 “Trademark Collateral” means each Grantor’s right,
title and interest in, to and under all United States, state and foreign trademarks, trade names, trade dress, service marks, certification marks, collective marks and logos, slogans, words, terms, names, symbols, designs any other source or
business identifiers, and general intangibles of a like nature, all registrations and pending applications for any of the foregoing, whether registered or unregistered, and whether or not established or registered in an Intellectual Property
Registry in any country or any political subdivision thereof, and with respect to any and all of the foregoing: (i) all common law rights related thereto, (ii) the trademark registrations and pending applications referred to in Schedule I
hereto, (iii) all extensions, continuations, reissues and renewals of any of the foregoing, (iv) all goodwill connected with the use of and symbolized by the foregoing, (v) the right to sue or otherwise recover for past, present and
future infringements, misappropriations, dilutions or other violations of any of the foregoing or for any injury to goodwill, and (vi) all Proceeds of the foregoing, including, without limitation, licenses, royalties, fees, income, payments,
claims, damages and proceeds of suit. Notwithstanding anything herein to the contrary, in no event shall the term “Trademark Collateral” include, and Grantor shall not be deemed to have granted a security interest in, any of its
right, title or interest in any Excluded Assets (but only for so long as such property shall constitute Excluded Assets). 
  

	SECTION 3	 Pledge and Security Agreement 

This Agreement has been executed and delivered by each Grantor for the purpose of recording the grant of security interest herein with the United States Patent
and Trademark Office. The security interest granted pursuant to this Agreement is granted concurrently in conjunction with the security interest granted to the Administrative Agent pursuant to the Pledge and Security Agreement, and each Grantor
hereby acknowledges and affirms that the rights and remedies of the Administrative Agent with respect to the security interest in the Trademark Collateral made and granted hereby is more fully set forth in the Pledge and Security Agreement, the
terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Agreement is deemed to conflict with the Pledge and Security Agreement, the provisions of the Pledge and
Security Agreement shall control. 
  

	SECTION 4	 Term 

The term of this Agreement shall be coterminous with the term of the Pledge and Security Agreement. 

	SECTION 5	 Governing Law and Consent to Jurisdiction 

THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAW OF THE
STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. THE TERMS AND PROVISIONS OF SECTION 9.13 OF THE PLEDGE AND SECURITY AGREEMENT ARE
INCORPORATED BY REFERENCE HEREIN WITH RESPECT HERETO AS IF FULLY SET FORTH HEREIN, MUTATIS MUTANDIS. 
  

	SECTION 6	 Counterparts 

This Agreement and any amendments, waivers, consents or supplements hereto or in connection herewith may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which when so executed and delivered will be deemed an original, but all such counterparts together will constitute but one and the same instrument; signature pages may be detached from
multiple separate counterparts and attached to a single counterpart so that all signature pages are physically attached to the same document. This Agreement will become effective upon the execution and delivery of a counterpart hereof by each of the
parties hereto. Delivery of an executed signature page of this Agreement by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart hereof. The Administrative Agent may also require that any such
facsimile or electronic transmission signatures be confirmed by a manually signed original thereof; provided that the failure to request or deliver the same shall not limit the effectiveness of any facsimile or electronic transmission
signature delivered. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, each Grantor has caused this Trademark Security Agreement to be executed and
delivered by its duly authorized offer as of the date first set forth above. 
  

			
	[                    ]
		
	By	 	
                    

		 	Name:
		 	Title:
	
	[ADDITIONAL GRANTORS]
		
	By	 	
                    

		 	Name:
		 	Title:
		
	By	 	
                    

		 	Name:
		 	Title:

  

			
	ACCEPTED AND AGREED:
	MORGAN STANLEY SENIOR FUNDING, INC., as Administrative Agent

  

			
	By	 	
                    

		 	Name:
		 	Title:

 SCHEDULE I 

TRADEMARK REGISTRATIONS 
  

	(A)	 REGISTERED TRADEMARKS 

 

	
	   Trademark Reg. No.
                                         
                   Filing Date
                                         
                   Registration Date

	     

	     

	     

  

	(B)	 TRADEMARK APPLICATIONS 

 

	
	   Trademark
                                         
                                   App. No.
                                         
                       Application Date

	     

	     

	     

 EXHIBIT D-3 

TO PLEDGE AND SECURITY AGREEMENT 

FORM OF COPYRIGHT SECURITY AGREEMENT 

This COPYRIGHT SECURITY AGREEMENT, dated as of             , 20    
(this “Agreement”), among each LOAN PARTY listed on the signature pages hereto (all of the foregoing, each a “Grantor” and collectively, the “Grantors”), and MORGAN STANLEY SENIOR FUNDING, INC., as
administrative agent for the Secured Parties (as defined in the Credit Agreement referred to below) (in such capacity, together with its successors in such capacity, the “Administrative Agent”). 

RECITALS 
  

	(A)	 PALANTIR TECHNOLOGIES INC., a Delaware corporation, the LENDERS from time to time party thereto and the
ADMINISTRATIVE AGENT have entered into that certain Revolving Credit Agreement, dated as of October 7, 2014 (as amended, restated, amended and restated, supplemented, extended or otherwise modified from time to time, the “Credit
Agreement”). 

  

	(B)	 The Grantors are party to a Pledge and Security Agreement, dated as of December 20, 2019, in favor of the
Administrative Agent (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Pledge and Security Agreement”), pursuant to which certain Grantors are required to execute and deliver
this Agreement. 

  

	(C)	 Under and subject to the terms of the Pledge and Security Agreement, the Grantors have pledged and granted to
the Administrative Agent, for its benefit and for the benefit of the Secured Parties (as defined in the Credit Agreement) a continuing security interest in and Lien on certain Collateral (as set forth in and defined in the Pledge and Security
Agreement), including without limitation certain Intellectual Property (as set forth in and defined in the Pledge and Security Agreement) of the Grantors, and have agreed to execute this Agreement for recording with the United States Copyright
Office. 

  

	(D)	 In consideration of the mutual conditions and agreements set forth in the Credit Agreement, the Pledge and
Security Agreement and this Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

 

	SECTION 1	 Defined Terms 

Unless otherwise defined herein, terms defined in the Pledge and Security Agreement and used herein have the meaning given to them in the Pledge and Security
Agreement. 

  
 1 

	SECTION 2	 Grant of Security Interest in Copyright Collateral 

As security for the prompt and complete payment and performance in full when due (whether at stated maturity, by required prepayment, declaration,
acceleration, demand or otherwise, including the payment of amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code) of all Secured Obligations, each Grantor hereby pledges and
grants to the Administrative Agent, for its benefit and for the benefit of the Secured Parties, a continuing security interest in and Lien on all of its right, title and interest in, to and under all Copyright Collateral (as defined below), whether
now owned or existing or hereafter acquired or arising and wherever located. 
 “Copyright Collateral” means each Grantor’s right,
title and interest in, to and under (i) all United States and foreign copyrights, including but not limited to copyrights in software and all rights in and to databases, all designs (including but not limited to industrial designs, protected
designs within the meaning of 17 U.S.C. § 1301 et seq. and community designs), and all mask works (as defined in 17 U.S.C. § 901(a)(1)), whether statutory or common law, whether registered or unregistered and whether published or
unpublished, as well as all moral rights, reversionary interests, and termination rights, now or hereafter in force throughout the world, and, with respect to any and all of the foregoing: (i) all registrations and pending applications therefor
in the applicable Intellectual Property Registry including, without limitation, the registrations referred to in Schedule I hereto, (ii) all extensions and renewals thereof, (iii) the right to sue or otherwise recover for past, present and
future infringements, misappropriations, or other violations of any of the foregoing, and (iv) all Proceeds of the foregoing, including, without limitation, licenses, royalties, fees, income, payments, claims, damages and proceeds of suit.
Notwithstanding anything herein to the contrary, in no event shall the term “Copyright Collateral” include, and Grantor shall not be deemed to have granted a security interest in, any of its right, title or interest in any Excluded Assets
(but only for so long as such property shall constitute Excluded Assets). 
  

	SECTION 3	 Pledge and Security Agreement 

This Agreement has been executed and delivered by each Grantor for the purpose of recording the grant of security interest herein with the United States
Copyright Office. The security interest granted pursuant to this Agreement is granted concurrently in conjunction with the security interest granted to the Administrative Agent pursuant to the Pledge and Security Agreement, and each Grantor hereby
acknowledges and affirms that the rights and remedies of the Administrative Agent with respect to the security interest in the Copyright Collateral made and granted hereby is more fully set forth in the Pledge and Security Agreement, the terms and
provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Agreement is deemed to conflict with the Pledge and Security Agreement, the provisions of the Pledge and Security
Agreement shall control. 
  

	SECTION 4	 Term 

The term of this Agreement shall be coterminous with the term of the Pledge and Security Agreement. 

  
 2 

	SECTION 5	 Governing Law and Consent to Jurisdiction 

THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAW OF THE
STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. THE TERMS AND PROVISIONS OF SECTION 9.13 OF THE PLEDGE AND SECURITY AGREEMENT ARE
INCORPORATED BY REFERENCE HEREIN WITH RESPECT HERETO AS IF FULLY SET FORTH HEREIN, MUTATIS MUTANDIS. 
  

	SECTION 6	 Counterparts 

This Agreement and any amendments, waivers, consents or supplements hereto or in connection herewith may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which when so executed and delivered will be deemed an original, but all such counterparts together will constitute but one and the same instrument; signature pages may be detached from
multiple separate counterparts and attached to a single counterpart so that all signature pages are physically attached to the same document. This Agreement will become effective upon the execution and delivery of a counterpart hereof by each of the
parties hereto. Delivery of an executed signature page of this Agreement by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart hereof. The Administrative Agent may also require that any such
facsimile or electronic transmission signatures be confirmed by a manually signed original thereof; provided that the failure to request or deliver the same shall not limit the effectiveness of any facsimile or electronic transmission
signature delivered. 
 [Signature Page Follows] 

  
 3 

 IN WITNESS WHEREOF, each Grantor has caused this Copyright Security Agreement to be executed and
delivered by its duly authorized offer as of the date first set forth above. 
  

			
	[                    ]
		
	By	 	
                    

		 	Name:
		 	Title:
	
	[ADDITIONAL GRANTORS]
		
	By	 	
                    

		 	Name:
		 	Title:
		
	By	 	
                    

		 	Name:
		 	Title:

  

			
	ACCEPTED AND AGREED:
	MORGAN STANLEY SENIOR FUNDING, INC., as Administrative Agent

  

			
	By	 	
                    

		 	Name:
		 	Title:

  
 4 

 SCHEDULE I 

COPYRIGHT REGISTRATIONS 
  

	(A)	 REGISTERED COPYRIGHTS 

 

	
	   Title
                                         
                   Copyright Reg. No.                  
                                         
  Registration Date

	     

	     

	     

  

	(B)	 COPYRIGHT APPLICATIONS 

 

	
	   Title
                                         
                   Application No.
                                         
                           Application Date

	     

	     

	     

  
 5 

 AMENDMENT NO. 9 TO REVOLVING CREDIT AGREEMENT 

THIS AMENDMENT NO. 9 TO REVOLVING CREDIT AGREEMENT, dated as of June 25, 2020 (this “Ninth Amendment”), is made by and
among PALANTIR TECHNOLOGIES INC., a Delaware corporation (the “Borrower”), the guarantor party hereto (the “Guarantor”), the lenders party hereto (the “Lenders”) and MORGAN STANLEY SENIOR FUNDING,
INC., as administrative agent (in such capacity and together with its successors, the “Administrative Agent”) (such capitalized term and all other capitalized terms used but not otherwise defined herein shall have the meanings set
forth in the Credit Agreement referred to below). 
 W I T N E S S E T
H: 
 WHEREAS, the Borrower, the Lenders and the Administrative Agent have heretofore entered into that certain Revolving Credit
Agreement, dated as of October 7, 2014 (as amended by the First Amendment, dated as of June 1, 2015, the Second Amendment, dated as of August 5, 2016, the Third Amendment, dated as of April 26, 2017, the Fourth Amendment, dated
as of June 28, 2018, the Fifth Amendment, dated as of June 18, 2019, the Sixth Amendment, dated as of December 20, 2019, the Seventh Amendment, dated as of December 31, 2019 and the Eighth Amendment, dated as of June 4,
2020, the “Existing Credit Agreement” and, as amended by this Ninth Amendment and as the same may be further amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit
Agreement”); 
 WHEREAS, the Borrower has requested that the Existing Credit Agreement be amended as set forth in Article I
herein; 
 WHEREAS, the Lenders are willing, on the terms and subject to the conditions set forth below, to consent to such amendment of the
Existing Credit Agreement; and 
 NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained, the Borrower,
the Guarantor, the Lenders and the Administrative Agent hereby agree as follows: 
 ARTICLE I 

AMENDMENT TO EXISTING CREDIT AGREEMENT 

The Existing Credit Agreement is hereby amended as of the Ninth Amendment Effective Date (as defined below) in accordance with this
Article I. 

 SECTION 1.1    Amendment to the Existing Credit
Agreement.     
 (a)    Section 5.01(a) of the Existing Credit Agreement is hereby amended by
inserting the following at the end of such clause: 
 “Notwithstanding anything to the contrary in the foregoing, with respect to the
2019 fiscal year, Borrower shall furnish the foregoing on or before July 15, 2020.” 
 ARTICLE II 

CONDITIONS TO EFFECTIVENESS OF AMENDMENT 

SECTION 2.1    Conditions. This Ninth Amendment shall become effective on the date the Administrative Agent has
confirmed it has received counterparts of this Ninth Amendment duly executed and delivered by (i) the Borrower and the Guarantor, (ii) the Administrative Agent and (iii) each Lender (such date, the “Ninth Amendment Effective
Date”). 
 ARTICLE III 

REPRESENTATIONS AND WARRANTIES 

SECTION 3.1    Representations and Warranties. Each of the Loan Parties represents and warrants to the
Administrative Agent and the Lenders that: 
 (a)    This Ninth Amendment has been duly authorized, executed and
delivered by it and constitutes its legal, valid and binding obligation, enforceable against such Loan Party in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting
creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

(b)    The representations and warranties of each Loan Party set forth in each Loan Document are true and correct in all
material respects (or, in the case of representations and warranties qualified as to materiality, in all respects) on and as of the Ninth Amendment Effective Date, except in the case of any such representation and warranty that expressly relates to
a prior date, in which case such representation and warranty is true and correct in all material respects (or in all respects, as applicable) as of such earlier date. 

(c)    At the time of and immediately after giving effect to this Ninth Amendment, no Default or Event of Default shall
have occurred and be continuing. 
 (d)    The execution and delivery of this Ninth Amendment and performance of this
Ninth Amendment and the Credit Agreement by the Loan Parties, except as could not reasonably be expected to have a Material Adverse Effect, does not and will not violate or result in a default under any indenture, agreement or other instrument
binding upon the Borrower or any of its Subsidiaries or its assets, or give rise to a right thereunder to require any payment to be made by the Borrower or any of its Subsidiaries. 

 SECTION 3.2    Reaffirmation of Obligations. Each Loan Party
hereby (a) restates, ratifies and reaffirms each and every term and condition set forth in the Credit Agreement and the other Loan Documents effective as of the Ninth Amendment Effective Date and as amended hereby and hereby reaffirms its
respective obligations (including the Obligations) under each Loan Document to which it is a party, (b) confirms and agrees that the pledge and security interest in the Collateral granted by it pursuant to the Collateral Documents to which it
is a party shall continue in full force and effect after giving effect to this Ninth Amendment and (c) acknowledges and agrees that such pledge and security interest in the Collateral granted by it pursuant to such Collateral Documents shall
continue to secure the Obligations, as amended by this Ninth Amendment or otherwise affected hereby. The Guarantor acknowledges and agrees that the guarantee contained in the Guaranty Agreement is, and shall remain, in full force and effect
immediately after giving effect to this Ninth Amendment. Nothing herein contained shall be construed as a substitution or novation of the Obligations outstanding under the Existing Credit Agreement or any Collateral Document or instruments securing
the same, which shall remain in full force and effect, except to any extent modified hereby or by instruments executed concurrently herewith. 

ARTICLE IV 
 MISCELLANEOUS 

SECTION 4.1    Full Force and Effect; Amendment. Except as expressly provided herein, all of the representations,
warranties, terms, covenants, conditions and other provisions of the Credit Agreement and the other Loan Documents shall remain in full force and effect in accordance with their respective terms and are in all respects hereby ratified and confirmed.
The amendment set forth herein shall be limited precisely as provided for herein to the provisions expressly amended hereby and shall not be deemed to be an amendment to, waiver of, consent to or modification of any other term or provision of the
Credit Agreement, any other Loan Document referred to therein or herein or of any transaction or further or future action on the part of the Borrower which would require the consent of any of the Lenders under the Credit Agreement or any of the
other Loan Documents. 
 SECTION 4.2    Loan Document Pursuant to Credit Agreement. This Ninth Amendment is a
Loan Document executed pursuant to the Credit Agreement and shall be construed, administered and applied in accordance with all of the terms and provisions of the Credit Agreement, including, without limitation, the provisions relating to forum
selection, consent to jurisdiction and waiver of jury trial included in Sections 9.09 and 9.10 of the Credit Agreement, which provisions are hereby acknowledged and confirmed by each of the parties hereto. 

SECTION 4.3    Fees and Expenses. The Borrower shall pay all reasonable out-of-pocket expenses incurred by the Administrative Agent in connection with the preparation, negotiation, execution and delivery of this Ninth Amendment, including the reasonable fees and disbursements of
Skadden, Arps, Slate, Meagher & Flom LLP, as counsel for the Administrative Agent. 

 SECTION 4.4    Headings. The various headings of this Ninth
Amendment are inserted for convenience only and shall not affect the meaning or interpretation of this Ninth Amendment or any provisions hereof. 

SECTION 4.5    Execution in Counterparts. This Ninth Amendment may be executed by the parties hereto in
counterparts, each of which shall be deemed to be an original and all of which shall constitute together but one and the same agreement. Delivery of an executed counterpart of a signature page of this Ninth Amendment by electronic transmission
(including portable document format (“.pdf”) or similar format) shall be effective as delivery of a manually executed counterpart of this Ninth Amendment. The words “execution,” “signed,” “signature,”
and words of like import in this Section 4.5 shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed
signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic
Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. Each Lender hereby directs the Administrative Agent to execute this Ninth Amendment. 

SECTION 4.6    Cross-References. References in this Ninth Amendment to any Article or Section are, unless otherwise
specified or otherwise required by the context, to such Article or Section of this Ninth Amendment. 
 SECTION
4.7    Severability. Any provision of this Ninth Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such provision and such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions of this Ninth Amendment or affecting the validity or enforceability of such provision in any other jurisdiction. 

SECTION 4.8    Successors and Assigns. This Ninth Amendment shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns. 
 SECTION 4.9    GOVERNING
LAW.    THIS NINTH AMENDMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE UNDER OR RELATING TO THIS AGREEMENT, WHETHER BASED IN CONTRACT (AT LAW OR IN EQUITY), TORT OR ANY OTHER THEORY, SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the parties hereto have caused this Ninth Amendment to be executed by
their respective officers thereunto duly authorized as of the day and year first above written. 
  

					
	PALANTIR TECHNOLOGIES INC.,
	as the Borrower
		
	By:	 	 /s/ Alexander Karp

		 	Name:	 	Alexander Karp
		 	Title:	 	Chief Executive Officer
	
	PALANTIR USG, INC.,
	as the Guarantor
		
	By:	 	 /s/ Akash Jain

		 	Name:	 	Akash Jain
		 	Title:	 	President

 
					
	MORGAN STANLEY SENIOR FUNDING, INC.,
	as Administrative Agent, Revolving Lender and Term Lender
		
	By	 	 /s/ Lisa Hanson

		 	Name:	 	Lisa Hanson
		 	Title:	 	Vice President

 
					
	ROYAL BANK OF CANADA,
	as Revolving Lender and Term Lender
		
	By	 	 /s/ Nicholas Heslip

		 	Name:	 	Nicholas Heslip
		 	Title:	 	Authorized Signatory

 AMENDMENT NO. 10 TO REVOLVING CREDIT AGREEMENT AND 

INCREMENTAL AGREEMENT 
 THIS
AMENDMENT NO. 10 TO REVOLVING CREDIT AGREEMENT AND INCREMENTAL AGREEMENT, dated as of July 8, 2020 (this “Tenth Amendment”), is made by and among PALANTIR TECHNOLOGIES INC., a Delaware corporation (the
“Borrower”), the guarantor party hereto (the “Guarantor”), CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender in respect of the Tenth Amendment Incremental Commitments (as defined below) (the “Tenth
Amendment Incremental Lender”), and MORGAN STANLEY SENIOR FUNDING, INC., as administrative agent (in such capacity and together with its successors, the “Administrative Agent”) (such capitalized term and all other
capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Credit Agreement referred to below). 

W I T N E S S E T H: 

WHEREAS, the Borrower, the Lenders and the Administrative Agent have heretofore entered into that certain Revolving Credit Agreement, dated as
of October 7, 2014 (as amended by the First Amendment, dated as of June 1, 2015, the Second Amendment, dated as of August 5, 2016, the Third Amendment, dated as of April 26, 2017, the Fourth Amendment, dated as of June 28,
2018, the Fifth Amendment, dated as of June 18, 2019, the Sixth Amendment, dated as of December 20, 2019, the Seventh Amendment, dated as of December 31, 2019, the Eighth Amendment, dated as of June 4, 2020, and the Ninth
Amendment, dated as of June 25, 2020, the “Existing Credit Agreement” and, as amended by this Tenth Amendment and as the same may be further amended, supplemented, amended and restated or otherwise modified from time to time,
the “Credit Agreement”); 
 WHEREAS, the Borrower has requested that the Existing Credit Agreement be amended, subject to
the satisfaction of the applicable conditions precedent set forth in Article II herein, as set forth in Article I herein to provide for a Facility Increase in the form of (i) a new term loan commitment thereunder in an aggregate
principal amount of $50,000,000 (the “Tenth Amendment Incremental Term Commitment”; the New Term Loans made pursuant to such Tenth Amendment Incremental Term Commitment, the “Tenth Amendment Incremental Term Loan”),
which shall be funded by the Tenth Amendment Incremental Lender on the Tenth Amendment Effective Date (as defined below) and (ii) an increase to the existing Revolving Commitments by an aggregate principal amount of $50,000,000 (the
“Tenth Amendment Incremental Revolving Commitments” and, together with the Tenth Amendment Incremental Term Commitments, the “Tenth Amendment Incremental Commitments”; the New Revolving Loans made pursuant to such
Tenth Amendment Incremental Revolving Commitments, the “Tenth Amendment Incremental Revolving Loans”), which shall be provided by the Tenth Amendment Incremental Lender on the Tenth Amendment Effective Date; 

 WHEREAS, the proceeds of the Tenth Amendment Incremental Commitments will be used for
general corporate purposes; 
 WHEREAS, this Tenth Amendment is an Incremental Amendment under and as defined in the Credit Agreement; and

 WHEREAS, (i) the Tenth Amendment Incremental Lender is willing, on the terms and subject to the conditions set forth below, to
provide the Tenth Amendment Incremental Term Loan on the Tenth Amendment Effective Date, (ii) the Tenth Amendment Incremental Lender is willing, on the terms and subject to the conditions set forth below, to provide the Tenth Amendment
Incremental Revolving Commitments on the Tenth Amendment Effective Date and (iii) the Tenth Amendment Incremental Lender, the Borrower, the Guarantor and the Administrative Agent are willing, on the terms and subject to the conditions set forth
below, to enter into such amendment of the Existing Credit Agreement. 
 NOW, THEREFORE, in consideration of the premises and the mutual
agreements herein contained, the parties hereto hereby agree as follows: 
 ARTICLE I 

AMENDMENT TO EXISTING CREDIT AGREEMENT 

The Existing Credit Agreement is hereby amended as of the Tenth Amendment Effective Date in accordance with this Article I. 

SECTION 1.1    Amendment to the Existing Credit Agreement. 

(a)    Section 1.01 of the Existing Credit Agreement is hereby amended by inserting in such Section the following
definitions in the appropriate alphabetical order: 
 “Tenth Amendment” shall mean Amendment No. 10 to Revolving
Credit Agreement and Incremental Amendment, dated as of July 8, 2020, by and among the Borrower, the Guarantor, the Tenth Amendment Incremental Lender (as defined therein) and the Administrative Agent. 

“Tenth Amendment Effective Date” shall have the meaning assigned to such term in the Tenth Amendment. 

(b)    Section 1.01 of the Existing Credit Agreement is hereby amended by amending and restating the following definitions
as follows: 

 “Revolving Commitment” means, with respect to each Revolving Lender, the
commitment of such Revolving Lender to make Revolving Loans hereunder (including any New Revolving Commitment), expressed as an amount representing the maximum aggregate amount of such Revolving Lender’s Revolving Loans hereunder, as such
commitment may be (a) reduced from time to time pursuant to Section 2.06 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to
Section 9.04. The amount of each Lender’s Revolving Commitment as of the Tenth Amendment Effective Date is set forth on Schedule 2.1. The aggregate amount of the Lenders’ Revolving Commitments as of the
Tenth Amendment Effective Date is $200,000,000. 
 “Term Commitment” means, with respect to each Term Lender, the
commitment of such Lender to make Term Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Term Loans hereunder, as such commitment may be (a) reduced from time to time pursuant to
Section 2.06(a) and (b) reduced or increased from time to time pursuant to assignments by or to such Term Lender pursuant to Section 9.04. The amount of each Term Lender’s Term Commitment
as of the Tenth Amendment Effective Date is set forth on Schedule 2.1. The initial aggregate amount of the Term Lenders’ Term Commitments as of the Eighth Amendment Effective Date was $150,000,000 (which amount was reduced to $0 and
terminated immediately upon the funding of Term Loans made on or prior to the Eighth Amendment Effective Date). The aggregate amount of the Term Lenders’ Term Commitments as of the Tenth Amendment Effective Date is $50,000,000 (and will be
reduced to $0 and terminated immediately upon the funding of Term Loans on the Tenth Amendment Effective Date). 
 “Term
Loan” means a term loan made by a Term Lender to the Borrower on or prior to the Eighth Amendment Effective Date pursuant to Section 2.01(b), the Tenth Amendment Incremental Term Loan (as defined in the Tenth
Amendment) and/or any other New Term Loan. 
 (c)    Section 2.01(b) of the Existing Credit Agreement is hereby amended
and restated in its entirety to read as follows: 
 On or prior to the Eighth Amendment Effective Date, each Term Lender (other than the
Tenth Amendment Incremental Lender (as defined in the Tenth Amendment)) made a term loan in dollars in an aggregate amount of such Term Lender’s Term Commitment as of the Eight Amendment Effective Date. Subject to the terms and conditions set
forth herein, the Tenth Amendment Incremental Lender agrees to make to the Borrower on the Tenth Amendment Effective Date a term loan in dollars in an aggregate amount not to exceed the amount of such Term Lender’s Term Commitment. Amounts
borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. 

 (d)    Section 2.06(a) of the Existing Credit Agreement is hereby
amended and restated in its entirety to read as follows: 
 The Term Commitment of each Term Lender as of the Eighth Amendment Effective
Date was automatically and permanently reduced to $0 upon the funding of Term Loans made by it on the Eighth Amendment Effective Date. The Term Commitment of the Tenth Amendment Incremental Lender shall be automatically and permanently reduced to $0
upon the funding of Term Loans to be made by it on the Tenth Amendment Effective Date. Unless previously terminated, the Revolving Commitments shall terminate on the Revolving Maturity Date. 

(e)    Schedule 2.1 to the Existing Credit Agreement is hereby deleted in its entirety and Schedule 2.1 in
the form attached hereto as Annex A shall be substituted in lieu thereof. 
 SECTION 1.2    Tenth Amendment
Incremental Facilities. 
 (a)    The Tenth Amendment Incremental Lender hereby acknowledges and agrees that it has
a Tenth Amendment Incremental Term Commitment in the principal amount of $50,000,000 and agrees, subject to the satisfaction of the conditions set forth in Article II hereof, to fund the Tenth Amendment Incremental Term Loans to the Borrower
on the Tenth Amendment Effective Date in the principal amount equal to its Tenth Amendment Incremental Term Commitment. 

(b)    The Tenth Amendment Incremental Term Loan shall be deemed to be a New Term Loan and a Term Loan under the Credit
Agreement, shall be added to, constitute a part of, and have the same terms as the existing Term Loan made to the Borrower prior to the date hereof (including, without limitation, with respect to maturity, interest rate margins and amortization,
mandatory prepayments and voluntary prepayments), shall rank pari passu in right of payment and in respect of the Collateral and with the Obligations in respect of all existing Term Loans, and shall comprise the same class as the existing Term Loans
under the Credit Agreement for all purposes of the Credit Agreement and the other Loan Documents. Upon the Tenth Amendment Effective Date, (i) the Tenth Amendment Incremental Lender shall be a New Lender and a Term Lender, and the Tenth
Amendment Incremental Term Loan shall be a New Term Loan and a Term Loan, for all purposes under the Credit Agreement and the other Loan Documents and (ii) the Tenth Amendment Incremental Term Commitment shall be a Term Commitment for all
purposes under the Credit Agreement and the other Loan Documents. 
 (c)    The Tenth Amendment Incremental Term Loan
shall be deemed to have the same Interest Period (or Interest Periods) in effect for the existing Term Loans outstanding immediately prior to the funding of the Tenth Amendment Incremental Term Loans, and if such existing Term Loans comprise more
than one Term Borrowing, then the Tenth Amendment Incremental Term Loan shall be deemed to comprise Term Borrowings of identical Types on a pro rata basis. 

 (d)    Subject to the satisfaction of the conditions set forth in
Article II hereof, the Tenth Amendment Incremental Lender hereby establishes, in accordance with Section 2.18 of the Credit Agreement, revolving commitments in an aggregate amount of $50,000,000 and agrees, from time to time in
accordance with the Credit Agreement during the period from and including the Tenth Amendment Effective Date to the Revolving Maturity Date, to make Revolving Loans to the Borrower in an aggregate principal amount at any one time outstanding not to
exceed the amount of its Revolving Commitment (after giving effect to this Tenth Amendment and the Tenth Amendment Incremental Revolving Commitments). 

(e)    The Tenth Amendment Incremental Revolving Commitments shall automatically constitute New Revolving Commitments and
Revolving Commitments for all purposes of the Credit Agreement and the other Loan Documents. Upon the Tenth Amendment Effective Date, (i) the Tenth Amendment Incremental Lender shall be a New Revolving Lender and a Revolving Lender, and the
Tenth Amendment Incremental Revolving Loans shall be New Revolving Loans and Revolving Loans, for all purposes under the Credit Agreement and the other Loan Documents and (ii) the Tenth Amendment Incremental Revolving Commitments shall be New
Revolving Commitments and Revolving Commitments for all purposes under the Credit Agreement and the other Loan Documents. 

(f)    On the Tenth Amendment Effective Date, subject to the satisfaction of the terms and conditions set forth in this
Tenth Amendment, each of the existing Revolving Lenders will automatically and without further act be deemed to have assigned to the Tenth Amendment Incremental Lender, and the Tenth Amendment Incremental Lender will automatically and without
further act be deemed to have purchased from each of the existing Revolving Lenders, at the principal amount thereof, such interests in the Revolving Commitments outstanding on the Tenth Amendment Effective Date as shall be necessary in order that,
after giving effect to all such assignments and purchases, the Revolving Commitments will be held by existing Revolving Lenders and the Tenth Amendment Incremental Lender ratably after giving effect to the addition of the Tenth Amendment Incremental
Revolving Commitments to the Revolving Commitments. 
 ARTICLE II 

CONDITIONS TO EFFECTIVENESS OF AMENDMENT 

SECTION 2.1    Conditions. The amendments contained in Article I shall be effective on the date of the
satisfaction or waiver of each of the conditions contained in this Section 2.1 (the “Tenth Amendment Effective Date”). 

(a)    Execution of Counterparts. The Administrative Agent shall have received (1) counterparts of this Tenth
Amendment duly executed and delivered by the Tenth Amendment Incremental Lender, the Borrower and the Guarantor and (2) such other documents and agreements as may be necessary or appropriate, in the reasonable opinion of the Administrative
Agent, to fully effect the purposes of this Tenth Amendment. 

 (b)    Representations and Warranties. Each of the
representations and warranties contained in Article III below shall be true and correct in all material respects. 

(c)    Fees and Expenses. The Administrative Agent shall have received all fees and expenses due and payable
pursuant to (i) Section 4.3 (to the extent then invoiced) and (ii) the Credit Agreement. 

(d)    No Default. As of the Tenth Amendment Effective Date, no event shall have occurred and be continuing or
would result from the consummation of the transactions contemplated hereby that would constitute an Event of Default or a Default; 

(e)    Legal Opinion. The Administrative Agent shall have received a favorable written opinion (addressed to the
Administrative Agent and the Lenders and dated the Tenth Amendment Effective Date) of Wilson Sonsini Goodrich & Rosati, P.C., counsel for the Borrower, in form and substance reasonably satisfactory to the Administrative Agent. The Borrower
hereby requests such counsel to deliver such opinion. 
 (f)    Certificates and Authorizations. 

(1)    The Administrative Agent shall have received (i) certified copies of the resolutions of the
board of directors of the Borrower and the Guarantor approving the transactions contemplated by this Tenth Amendment and the execution and delivery of this Tenth Amendment and the other Loan Documents to be delivered by such Loan Party on the Tenth
Amendment Effective Date, and all documents evidencing other necessary organizational action and governmental approvals, if any, with respect to this Tenth Amendment and the other Loan Documents to be delivered by any Loan Party on the Tenth
Amendment Effective Date and (ii) all other documents reasonably requested by the Administrative Agent relating to the organization, existence and good standing of the Guarantor and the Borrower and authorization of the transactions
contemplated hereby. 
 (2)    The Administrative Agent shall have received a certificate of the
Secretary or an Assistant Secretary of the Borrower and the Guarantor certifying the names and true signatures of the officers of such entity authorized to sign the Loan Documents to which it is a party, to be delivered by such entity on the Tenth
Amendment Effective Date and the other documents to be delivered hereunder on the Tenth Amendment Effective Date. 

(g)    The Administrative Agent shall have received (i) a certificate, dated the Tenth Amendment Effective Date and
signed on behalf of the Borrower by the President, a Vice President or a Financial Officer of the Borrower, confirming compliance with the conditions set forth in Section 2.01(b) and (d) hereof as of the Tenth Amendment Effective Date, and
(ii) a solvency certificate, dated the Tenth Amendment Effective Date and signed on behalf of the Borrower by the chief financial officer or treasurer of the Borrower, certifying that, as of the Tenth Amendment Effective Date, the Borrower is,
individually and together with its Subsidiaries, and after giving effect to the incurrence of any Indebtedness and obligations being incurred in connection herewith will be, Solvent. 

 (h)    USA Patriot Act and Beneficial Ownership Certification.
The Administrative Agent shall have received, to the extent reasonably requested by any of the Lenders at least five Business Days prior to the Tenth Amendment Effective Date, all documentation and other information required by bank regulatory
authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the USA Patriot Act, and the Beneficial Ownership Regulation. 

(i)    Term Note. The Administrative Agent shall have received a Term Note executed by the Borrower in favor of
each Term Lender requesting a Term Note in advance of the Tenth Amendment Effective Date. 
 ARTICLE III 

REPRESENTATIONS AND WARRANTIES 

SECTION 3.1    Representations and Warranties. Each of the Loan Parties represents and warrants to the
Administrative Agent and the Lenders that: 
 (a)    This Tenth Amendment has been duly authorized, executed and
delivered by it and constitutes its legal, valid and binding obligation, enforceable against such Loan Party in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting
creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

(b)    The representations and warranties of each Loan Party set forth in each Loan Document are true and correct in all
material respects (or, in the case of representations and warranties qualified as to materiality, in all respects) on and as of the Tenth Amendment Effective Date, except in the case of any such representation and warranty that expressly relates to
a prior date, in which case such representation and warranty is true and correct in all material respects (or in all respects, as applicable) as of such earlier date. 

(c)    At the time of and immediately after giving effect to this Tenth Amendment, no Default or Event of Default shall
have occurred and be continuing. 
 (d)    The execution and delivery of this Tenth Amendment and performance of this
Tenth Amendment and the Credit Agreement by the Loan Parties, except as could not reasonably be expected to have a Material Adverse Effect, does not and will not violate or result in a default under any indenture, agreement or other instrument
binding upon the Borrower or any of its Subsidiaries or its assets, or give rise to a right thereunder to require any payment to be made by the Borrower or any of its Subsidiaries. 

SECTION 3.2    Reaffirmation of Obligations. Each Loan Party hereby (a) restates, ratifies and reaffirms each
and every term and condition set forth in the Credit Agreement and the other Loan Documents effective as of the Tenth Amendment Effective Date and as amended hereby and hereby reaffirms its respective obligations (including the Obligations) under
each Loan Document to which it is a party, (b) confirms and agrees that the pledge and security interest in the Collateral granted by it pursuant to the Collateral Documents to which it is a party shall

 
continue in full force and effect after giving effect to this Tenth Amendment and (c) acknowledges and agrees that such pledge and security interest in the Collateral granted by it pursuant
to such Collateral Documents shall continue to secure the Obligations, as amended by this Tenth Amendment or otherwise affected hereby. The Guarantor acknowledges and agrees that the guarantee contained in the Guaranty Agreement is, and shall
remain, in full force and effect immediately after giving effect to this Tenth Amendment. Nothing herein contained shall be construed as a substitution or novation of the Obligations outstanding under the Existing Credit Agreement or any Collateral
Document or instruments securing the same, which shall remain in full force and effect, except to any extent modified hereby or by instruments executed concurrently herewith. 

ARTICLE IV 
 MISCELLANEOUS 

SECTION 4.1    Full Force and Effect; Amendment. Except as expressly provided herein, all of the representations,
warranties, terms, covenants, conditions and other provisions of the Credit Agreement and the other Loan Documents shall remain in full force and effect in accordance with their respective terms and are in all respects hereby ratified and confirmed.
The amendment set forth herein shall be limited precisely as provided for herein to the provisions expressly amended hereby and shall not be deemed to be an amendment to, waiver of, consent to or modification of any other term or provision of the
Credit Agreement, any other Loan Document referred to therein or herein or of any transaction or further or future action on the part of the Borrower which would require the consent of any of the Lenders under the Credit Agreement or any of the
other Loan Documents. 
 SECTION 4.2    Loan Document Pursuant to Credit Agreement. This Tenth Amendment is a
Loan Document executed pursuant to the Credit Agreement and shall be construed, administered and applied in accordance with all of the terms and provisions of the Credit Agreement, including, without limitation, the provisions relating to forum
selection, consent to jurisdiction and waiver of jury trial included in Sections 9.09 and 9.10 of the Credit Agreement, which provisions are hereby acknowledged and confirmed by each of the parties hereto. 

SECTION 4.3    Fees and Expenses. The Borrower shall pay all reasonable out-of-pocket expenses incurred by the Administrative Agent in connection with the preparation, negotiation, execution and delivery of this Tenth Amendment, including the reasonable fees and disbursements of
Skadden, Arps, Slate, Meagher & Flom LLP, as counsel for the Administrative Agent. 
 SECTION
4.4    Headings. The various headings of this Tenth Amendment are inserted for convenience only and shall not affect the meaning or interpretation of this Tenth Amendment or any provisions hereof. 

SECTION 4.5    Execution in Counterparts. This Tenth Amendment may be executed by the parties hereto in
counterparts, each of which shall be deemed to be an original and all of which shall constitute together but one and the same agreement. Delivery of an executed counterpart of a signature page of this Tenth Amendment by electronic transmission
(including portable 

 
document format (“.pdf”) or similar format) shall be effective as delivery of a manually executed counterpart of this Tenth Amendment. The words “execution,”
“signed,” “signature,” and words of like import in this Section 4.5 shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or
enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National
Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. Each of the Loan Parties and the Tenth Amendment Incremental Lender represents and warrants to
the parties hereto that it has the corporate capacity and authority to execute this Tenth Amendment through electronic means and there are no restrictions for doing so in such party’s constitutive documents. Each Lender party hereto hereby
directs the Administrative Agent to execute this Tenth Amendment. 
 SECTION 4.6    Cross-References. References
in this Tenth Amendment to any Article or Section are, unless otherwise specified or otherwise required by the context, to such Article or Section of this Tenth Amendment. 

SECTION 4.7    Severability. Any provision of this Tenth Amendment which is prohibited or unenforceable in any
jurisdiction shall, as to such provision and such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions of this Tenth Amendment or affecting the validity or enforceability of
such provision in any other jurisdiction. 
 SECTION 4.8    Successors and Assigns. This Tenth Amendment shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 
 SECTION
4.9    GOVERNING LAW.    THIS TENTH AMENDMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE UNDER OR RELATING TO THIS TENTH AMENDMENT, WHETHER BASED IN CONTRACT (AT LAW OR IN EQUITY), TORT OR
ANY OTHER THEORY, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 [REMAINDER OF PAGE
INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the parties hereto have caused this Tenth Amendment to be executed by
their respective officers thereunto duly authorized as of the day and year first above written. 
  

					
	PALANTIR TECHNOLOGIES INC.,
	as the Borrower
		
	By:	 	 /s/ Alexander Karp

		 	Name:	 	Alexander Karp
		 	Title:	 	Chief Executive Officer
	
	PALANTIR USG, INC.,
	as the Guarantor
		
	By:	 	 /s/ Akash Jain

		 	Name:	 	Akash Jain
		 	Title:	 	President

  
 [Signature Page to Tenth
Amendment] 

 
					
	MORGAN STANLEY SENIOR FUNDING, INC.,
	as Administrative Agent, Revolving Lender and Term Lender
		
	By	 	 /s/ Jonathan Kerner

		 	Name:	 	Jonathan Kerner
		 	Title:	 	Vice President

  
 [Signature Page to Tenth
Amendment] 

 
					
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,
	as Tenth Amendment Incremental Lender
		
	By	 	 /s/ William O’Daly

		 	Name:	 	William O’Daly
		 	Title:	 	Authorized Signatory
		
	By	 	 /s/ D. Andrew Maletta

		 	Name:	 	D. Andrew Maletta
		 	Title:	 	Authorized Signatory

  
 [Signature Page to Tenth
Amendment] 

 ANNEX A 

SCHEDULE 2.1 

Commitments 
  

									
	 	  	 Revolving

Commitment
	 	  	Term Commitment	 
	 Morgan Stanley Senior Funding, Inc.
	  	$	100,000,000	 	  	$	100,000,000	 
	 Royal Bank of Canada
	  	$	50,000,000	 	  	$	50,000,000	 
	 Credit Suisse AG, Cayman Islands Branch.
	  	$	50,000,000	 	  	$	50,000,000	 
	 Total
	  	$	200,000,000	 	  	$	200,000,000EX-10.4

 Exhibit 10.4 

PALANTIR TECHNOLOGIES INC. 

AMENDED 2010 EQUITY INCENTIVE PLAN 

As amended and restated on December 16, 2019 

1.    Purposes of the Plan. The purposes of this Plan are: 

 

	 	•	 	 to attract and retain the best available personnel for positions of substantial responsibility,

  

	 	•	 	 to provide additional incentive to Employees, Directors and Consultants, and 

 

	 	•	 	 to promote the success of the Company’s business. 

The Plan permits the grant of Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted
Stock Units and Growth Units. 
 2.    Definitions. As used herein, the following definitions will apply: 

(a)    “Administrator” means the Board or any of its Committees as will be administering the Plan, in
accordance with Section 4 of the Plan. 
 (b)    “Applicable Laws” means the legal and regulatory
requirements relating to the administration of equity-based awards, including but not limited to the related issuance of shares of Common Stock, including but not limited to, under U.S. federal and state corporate laws, U.S. federal and state
securities laws, the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and the applicable laws of any foreign country or jurisdiction where Awards are, or will be, granted under the Plan. 

(c)    “Award” means, individually or collectively, a grant under the Plan of Options, Stock Appreciation
Rights, Restricted Stock, Restricted Stock Units or Growth Units. 
 (d)    “Award Agreement” means the
written or electronic notice and/or agreement setting forth the terms and provisions the Administrator, pursuant to its authority under the Plan, has determined to be applicable to the relevant Award granted under the Plan. The Award Agreement is
subject to the terms and conditions of the Plan, except to the extent the Award Agreement explicitly provides otherwise, and shall specify the class of Shares subject to the Award. 

(e)    “Board” means the Board of Directors of the Company. 

(f)    “Change in Control” means the occurrence of any of the following events, unless specifically
provided otherwise under the applicable Award Agreement or other written 

  
 -1- 

 
agreement between the Participant and the Company or any of its Subsidiaries or Parents, as applicable: 

(i)    Change in Ownership of the Company. A change in the ownership of the Company which occurs on the date that
any one person, or more than one person acting as a group (“Person”), acquires ownership of the stock of the Company that, together with the stock held by such Person, constitutes more than 50% of the total voting power of the stock
of the Company, except that any change in the ownership of the stock of the Company as a result of a private financing of the Company that is approved by the Board will not be considered a Change in Control. For purposes of this subsection 2(f)(i),
the following will not be considered a Change in Control: (A) the acquisition of additional securities of the Company or voting power with respect to the stock of the Company by any or some combination of the Specified Stockholders (as defined
below); (B) the entry into or operation of a voting arrangement or agreement or proxy (in each case with respect to the stock of the Company) by any or some combination of the Specified Stockholders; (C) any change in the Specified
Stockholders’ ownership of the stock of the Company resulting from a repurchase, redemption, retirement or other similar acquisition of stock of the Company by the Company or (D) any change in the Specified Stockholders’ voting power
of the stock of the Company resulting from a conversion of shares of stock of the Company reducing the number of shares or votes outstanding; or 

(ii)    Change in Effective Control of the Company. If the Company has a class of securities registered pursuant
to Section 12 of the Exchange Act, the replacement of a majority of members of the Board during any twelve (12) month period by Directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the
date of the appointment or election; provided that if any Person or any or some combination of the Specified Stockholders exercises more than 50% of the total voting power of the stock of the Company, the election of Directors by such party
or parties will not be considered a Change in Control; or 
 (iii)     Change in Ownership of a Substantial Portion
of the Company’s Assets. A change in the ownership of a substantial portion of the Company’s assets which occurs on the date that any Person acquires (or has acquired during the twelve (12) month period ending on the date of the
most recent acquisition by such Person or Persons) assets from the Company that have a total gross fair market value equal to or more than 50% of the total gross fair market value of all of the assets of the Company immediately prior to such
acquisition or acquisitions. For purposes of this subsection 2(f)(iii), gross fair market value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with
such assets. 
 For purposes of this Section 2(f) definition of “Change in Control”: 

“Specified Stockholder” shall mean Alexander Karp, Stephen Cohen or Peter Thiel, or (ii) a Permitted Entity of any such
individuals. 
 “Permitted Entity” shall mean: (i) a Permitted Trust of such Specified Stockholder; (ii) any general
partnership, limited partnership, limited liability company, 

  
 -2- 

 
corporation, charitable organization or other entity exclusively owned, whether directly or indirectly, by such Specified Stockholder; or (iii) an Individual Retirement Account, pension,
profit sharing, stock bonus or other type of plan or trust of which such Specified Stockholder is a participant or beneficiary and which satisfies the requirements for qualification under Section 401 or 408 of the Code; provided in each
case that such Specified Stockholder (A) has sole dispositive power and exclusive Voting Control with respect to the shares of Company stock held in such account, plan or trust; (B) shares dispositive power and Voting Control with respect
to the shares of Company stock held in such account, plan or trust with persons constituting a Family Member of such Specified Stockholder or a professional that provides trustee services, including, without limitation, attorneys, private
professional fiduciaries, trust companies and bank trust departments; or (C) shares Voting Control with respect to the shares of Company stock held in such account, plan or trust with another Specified Stockholder. 

“Permitted Trust” shall mean with respect to a Specified Stockholder (i) a bona fide trust primarily for the benefit of such
Specified Stockholder, such Specified Stockholder’s Family Member and/or a charitable organization, foundation or similar entity or (ii) a trust under the terms of which such Specified Stockholder has retained a “qualified
interest” within the meaning of §2702(b)(1) of the Code or a reversionary interest, but in the case of both (i) and (ii) only so long as such Specified Stockholder (A) has sole dispositive power and exclusive Voting Control with
respect to the shares of stock of the Company held in such trust; (B) shares dispositive power and Voting Control with respect to the shares of stock of the Company held in such trust with such Specified Stockholder’s Family Member or a
professional that provides trustee services, including, without limitation, attorneys, private professional fiduciaries, trust companies and bank trust departments; or (C) shares Voting Control with respect to the shares of Company stock held
in such trust with another Specified Stockholder. 
 “Family Member” means, with respect to a Specified Stockholder, whether
related by blood or marriage, (i) such Specified Stockholder’s spouse, ex-spouse or domestic partner; (ii) such Specified Stockholder’s parents and grandparents; (iii) such Specified
Stockholder’s siblings; (iv) such Specified Stockholder’s children and other lineal descendants; and (v) the lineal descendants of such Specified Stockholder’s siblings. Lineal descendants shall include adopted persons, but
only if they are adopted during minority, and step-children. 
 “Voting Control” shall mean, with respect to a share of stock,
the power to vote or direct the voting of such share by proxy, voting agreement or otherwise. 
 For purposes of this Section 2(f),
persons will be considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company. For the avoidance of doubt,
wholly-owned subsidiaries of the Company shall not be considered “Persons” for purposes of this Section 2(f). 

Notwithstanding the foregoing, a transaction will not be deemed a Change in Control unless the transaction qualifies as a change in control
event within the meaning of Code Section 409A, as it has been and may be amended from time to time, and any applicable Treasury Regulations and formal, effective Internal Revenue Service guidance of either general applicability

  
 -3- 

 
or direct applicability that has been promulgated or may be promulgated thereunder from time to time. 

Further and for the avoidance of doubt, a transaction will not constitute a Change in Control if: (i) its sole purpose is to change the
jurisdiction of the Company’s incorporation, or (ii) its sole purpose is to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such
transaction. 
 (g)    “Class A Common Stock” means the Class A Common Stock of
the Company, par value $0.001 per share. 
 (h)    “Class B Common Stock” means the
Class B Common Stock of the Company, par value $0.001 per share. 
 (i)    “Code” means the
Internal Revenue Code of 1986, as amended. Reference to a specific section of the Code or regulation thereunder shall include such section or regulation, any valid regulation promulgated under such section, and any comparable provision of any future
legislation or regulation amending, supplementing or superseding such section or regulation. 

(j)    “Committee” means a committee of Directors or of other individuals satisfying Applicable Laws
appointed by the Board, or by the compensation committee of the Board, in accordance with Section 4 hereof. 

(k)    “Common Stock” means shares of the Class A Common Stock or the Class B Common Stock, as
applicable. 
 (l)    “Company” means Palantir Technologies Inc., a Delaware corporation, or any
successor thereto. 
 (m)    “Consultant” means any natural person, including an advisor, engaged by
the Company or a Parent or Subsidiary to render bona fide services to such entity, provided the services (i) are not in connection with the offer or sale of securities in a capital-raising transaction, and (ii) do not directly promote or
maintain a market for the Company’s securities, in each case, within the meaning of Form S-8 promulgated under the Securities Act. 

(n)    “Director” means a member of the Board. 

(o)    “Disability” means total and permanent disability as defined in Code Section 22(e)(3),
provided that in the case of Awards other than Incentive Stock Options, the Administrator in its discretion may determine whether a permanent and total disability exists in accordance with uniform and
non-discriminatory standards adopted by the Administrator from time to time. 

(p)    “Employee” means any person, including officers and Directors, employed by the Company or any
Parent or Subsidiary of the Company. Neither service as a Director nor payment of a director’s fee by the Company will be sufficient to constitute “employment” by the Company. 

  
 -4- 

 (q)    “Exchange Act” means the Securities Exchange Act
of 1934, as amended. 
 (r)    “Exchange Program” means a program under which (i) outstanding
awards are surrendered or cancelled in exchange for Awards of the same type (which may have higher or lower exercise prices and different terms), Awards of a different type, and/or cash, (ii) Participants would have the opportunity to transfer
any outstanding Awards to a financial institution or other person or entity selected by the Administrator, and/or (iii) the exercise price of an outstanding Award is reduced or increased. The Administrator will determine the terms and
conditions of any Exchange Program in its sole discretion. 
 (s)    “Fair Market Value” means, as of
any date, the value of a share of Class A Common Stock or Class B Common Stock, as applicable, determined as follows: 

(i)    If the applicable Common Stock is listed on any established stock exchange or a national market system, including
without limitation the Nasdaq Global Select Market, the Nasdaq Global Market or the Nasdaq Capital Market of The Nasdaq Stock Market, its Fair Market Value will be the closing sales price for such stock (or the closing bid, if no sales were
reported) as quoted on such exchange or system on the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; 

(ii)    If the applicable Common Stock is regularly quoted by a recognized securities dealer but selling prices are not
reported, the Fair Market Value of a Share will be the mean between the high bid and low asked prices for the Common Stock on the day of determination (or, if no bids and asks were reported on that date, as applicable, on the last trading date such
bids and asks were reported), as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or 

(iii)    In the absence of an established market for the Common Stock, the Fair Market Value will be determined in good
faith by the Administrator. 
 (t)    “Growth Unit” means a bookkeeping entry representing an amount
equal to up to the Fair Market Value of one Share, granted pursuant to Section 23. For avoidance of doubt, Growth Units may be convertible to Shares on a fractional basis. Each Growth Unit represents an unfunded and unsecured obligation of the
Company. 
 (u)    “Incentive Stock Option” means an Option that by its terms qualifies and is
otherwise intended to qualify as an incentive stock option within the meaning of Code Section 422 and the regulations promulgated thereunder. 

(v)    “Nonstatutory Stock Option” means an Option that by its terms does not qualify or is not intended
to qualify as an Incentive Stock Option. 
 (w)    “Option” means a stock option granted pursuant to
the Plan. 
 (x)    “Parent” means a “parent corporation,” whether now or hereafter existing,
as defined in Code Section 424(e). 
 (y)    “Participant” means the holder of an outstanding
Award. 

  
 -5- 

 (z)    “Period of Restriction” means the period during
which the transfer of Shares of Restricted Stock are subject to restrictions and therefore, the Shares are subject to a substantial risk of forfeiture. Such restrictions may be based on the passage of time, the achievement of target levels of
performance, or the occurrence of other events as determined by the Administrator. 
 (aa)    “Plan”
means this Amended 2010 Equity Incentive Plan. 
 (bb)    “Restricted Stock” means Shares issued
pursuant to an Award of Restricted Stock under Section 8 of the Plan, or issued pursuant to the early exercise of an Option. 

(cc)    “Restricted Stock Unit” means a bookkeeping entry representing an amount equal to the Fair Market
Value of one Share, granted pursuant to Section 9. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company. 

(dd)    “Section 409A” or “Code Section 409A”
means Code Section 409A and the applicable Treasury Regulations and formal, effective guidance of either general applicability or direct applicability thereunder, and any applicable state law equivalent, as each may be promulgated, amended or
modified from time to time. 
 (ee)    “Securities Act” means the U.S. Securities Act of 1933, as
amended. 
 (ff)    “Service Provider” means an Employee, Director or Consultant. 

(gg)    “Share” means a share of the Class A Common Stock or the Class B Common Stock, as
applicable, as adjusted in accordance with Section 13 of the Plan. 
 (hh)    “Stock Appreciation
Right” means an Award, granted alone or in connection with an Option, that pursuant to Section 7 is designated as a Stock Appreciation Right. 

(ii)    “Subsidiary” means a “subsidiary corporation,” whether now or hereafter existing, as
defined in Code Section 424(f). 

3.    Stock Subject to the Plan. 

(a)    Stock Subject to the Plan. Subject to the provisions of Section 13 of the Plan, the maximum aggregate
number of Shares that may be subject to Awards and granted or sold under the Plan is (i) seven hundred one million eight hundred fifty-six thousand nine hundred eleven (701,856,911) Shares of Common
Stock, plus (ii) the number of (x) Shares subject to stock options or other awards granted under the Company’s 2006 Stock Plan (the “2006 Plan”) that, following the termination of the 2006 Plan, expire or are
cancelled or otherwise terminate without having been exercised in full, (y) Shares previously issued under the 2006 Plan that, following the termination of the 2006 Plan, are forfeited to or repurchased by the Company due to failure to vest,
and (z) Shares from a 2006 Plan equity award withheld or repurchased by the Company to pay the exercise price of a stock option or other award granted under the 2006 Plan or to satisfy the tax withholding obligations related to such an award
(such Shares under clause (z), the “2006 Plan Withheld Shares”), with the maximum number of Shares to be added to the Plan pursuant to this clause (ii) equal to one hundred million five hundred seven thousand five hundred
twenty-three (100,507,523). Any and all of the Shares available for grant or sale under the prior sentence may 

  
 -6- 

 
be utilized for Awards covering Class A Common Stock or Class B Common Stock, as determined by the Administrator in its sole discretion. For the avoidance of doubt, the Shares available
for grant under the Plan may all be used for grants of Awards covering Class A Common Stock, may all be used for Awards covering Class B Common Stock or may be used for a combination of Awards covering either Class A Common Stock or
Class B Common Stock, as the Administrator may determine in its sole discretion, in all cases so long as the aggregate number of Shares subject to Awards and granted or sold under the Plan does not exceed the maximum number of Shares available
for grant and sale under this Section 3(a) and Section 3(b) below. The Shares may be authorized but unissued or reacquired Common Stock. 

(b)    Lapsed Awards. If an Award expires or becomes unexercisable without having been exercised in full, is
surrendered pursuant to an Exchange Program, or, with respect to Restricted Stock, Restricted Stock Units or Growth Units, is forfeited to or repurchased by the Company due to the failure to vest, the unpurchased Shares (or for Awards other than
Options or Stock Appreciation Rights the forfeited or repurchased Shares) which were subject thereto will become available for future grant or sale under the Plan (unless the Plan has terminated), and may be utilized for Awards covering either
Class A Common Stock or Class B Common Stock, as the Administrator may determine in its sole discretion. With respect to Stock Appreciation Rights, only Shares actually issued pursuant to a Stock Appreciation Right will cease to be
available under the Plan; all remaining Shares under Stock Appreciation Rights will remain available for future grant or sale under the Plan (unless the Plan has terminated). Shares that have actually been issued under the Plan under any
Award will not be returned to the Plan and will not become available for future distribution under the Plan; provided, however, that if Shares issued pursuant to Awards of Restricted Stock, Restricted Stock Units or Growth Units are repurchased by
the Company or are forfeited to the Company due to the failure to vest, such Shares will become available for future grant under the Plan. Shares used to pay the exercise price of an Award or to satisfy the tax withholding obligations related to an
Award (the “2010 Plan Withheld Shares” and, together with the 2006 Plan Withheld Shares, the “Withheld Shares”) will become available for future grant or sale under the Plan. To the extent an Award under the Plan is
paid out in cash rather than Shares, such cash payment will not result in reducing the number of Shares available for issuance under the Plan. Notwithstanding the foregoing and, subject to adjustment as provided in Section 13, the maximum
number of Shares of Class A Common Stock that may be issued upon the exercise of Incentive Stock Options will equal the aggregate Share number stated in Section 3(a), plus, to the extent allowable under Code Section 422 and the
Treasury Regulations promulgated thereunder, any Shares that become available for issuance under the Plan pursuant to Section 3(b). Notwithstanding the foregoing and, subject to adjustment as provided in Section 13, the maximum number of
Shares of Class B Common Stock that may be issued upon the exercise of Incentive Stock Options will equal the aggregate Share number stated in Section 3(a), plus, to the extent allowable under Code Section 422 and the Treasury
Regulations promulgated thereunder, any Shares that become available for issuance under the Plan pursuant to Section 3(b). 

(c)    Share Reserve. The Company, during the term of this Plan, will at all times reserve and keep available such
number of Shares as will be sufficient to satisfy the requirements of the Plan. 

  
 -7- 

 4.    Administration of the Plan. 

(a)    Procedure. 

(i)    Multiple Administrative Bodies. Different Committees with respect to different groups of Service Providers
may administer the Plan. 
 (ii)    Other Administration. Other than as provided above, the Plan will be
administered by (A) the Board or (B) a Committee, which Committee will be constituted to satisfy Applicable Laws. 

(b)    Powers of the Administrator. Subject to the provisions of the Plan, and in the case of a Committee, subject
to the specific duties delegated by the Board to such Committee, the Administrator will have the authority, in its discretion: 

(i)    to determine the Fair Market Value; 

(ii)    to select the Service Providers to whom Awards may be granted hereunder; 

(iii)    to determine the number and class of Shares to be covered by each Award granted hereunder; 

(iv)    to approve forms of Award Agreements for use under the Plan; 

(v)    to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted
hereunder. Such terms and conditions include, but are not limited to, the exercise price, the time or times when Awards may vest and/or be exercised (either of which may be based on performance criteria), any vesting acceleration or waiver of
forfeiture restrictions, and any restriction or limitation regarding any Award or the Shares relating thereto, based in each case on such factors as the Administrator will determine; 

(vi)    to institute and determine the terms and conditions of an Exchange Program; 

(vii)    to construe and interpret the terms of the Plan and Awards granted pursuant to the Plan; 

(viii)    to prescribe, amend and rescind rules and regulations relating to the Plan, including rules and regulations
relating to sub-plans established for the purpose of satisfying applicable foreign laws or for qualifying for favorable tax treatment under applicable foreign laws; 

(ix)    to modify or amend each Award (subject to Section 18(c) of the Plan), including but not limited to the
discretionary authority to extend the post-termination exercisability period of Awards and to extend the maximum term of an Option (subject to Section 6(d)); 

  
 -8- 

 (x)    to allow Participants to satisfy withholding tax obligations in
a manner prescribed in Section 14; 
 (xi)    to authorize any person to execute on behalf of the Company any
instrument required to effect the grant of an Award previously granted by the Administrator; 
 (xii)    to allow a
Participant to defer the receipt of the payment of cash or the delivery of Shares that otherwise would be due to such Participant under an Award; and 

(xiii)    to make all other determinations deemed necessary or advisable for administering the Plan. 

(c)    Effect of Administrator’s Decision. The Administrator’s decisions,
determinations and interpretations will be final and binding on all Participants and any other holders of Awards. 

5.    Eligibility. Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units
and Growth Units may be granted to Service Providers. Incentive Stock Options may be granted only to Employees. 

6.    Stock Options. 

(a)    Grant of Options. Subject to the terms and provisions of the Plan, the Administrator, at any time and from
time to time, may grant Options in such amounts and for the class of Shares as the Administrator, in its sole discretion, will determine. 

(b)    Option Agreement. Each Award of an Option will be evidenced by an Award Agreement that will specify the
exercise price, the term of the Option, the number and class of Shares subject to the Option, the exercise restrictions, if any, applicable to the Option, and such other terms and conditions as the Administrator, in its sole discretion, will
determine. 
 (c)    Limitations. Each Option will be designated in the Award Agreement as either an Incentive
Stock Option or a Nonstatutory Stock Option. Notwithstanding such designation, however, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the
Participant during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds one hundred thousand dollars ($100,000), such Options will be treated as Nonstatutory Stock Options. For purposes of this Section 6(c),
Incentive Stock Options will be taken into account in the order in which they were granted, the Fair Market Value of the Shares will be determined as of the time the Option with respect to such Shares is granted, and calculation will be performed in
accordance with Code Section 422 and Treasury Regulations promulgated thereunder. 
 (d)    Term of Option.
The term of each Option will be determined by the Administrator and stated in the Award Agreement; provided, however, that the term of any Incentive Stock Option and any Option with respect to which the Company is relying upon the exemption afforded
by Section 25102(o) of the California Corporations Code will be no more than ten (10) years from the date of grant thereof. In the case of an Incentive Stock Option granted to a Participant who, at the time the Incentive Stock Option is
granted, owns stock representing more 

  
 -9- 

 
than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the Incentive Stock Option will be five (5) years
from the date of grant or such shorter term as may be provided in the Award Agreement. 
 (e)    Option Exercise
Price and Consideration. 
 (i)    Exercise Price. The per Share exercise price for the Shares to be issued
pursuant to the exercise of an Option will be determined by the Administrator, but will be no less than one hundred percent (100%) of the Fair Market Value of the applicable Shares per Share on the date of grant. In addition, in the case of an
Incentive Stock Option granted to an Employee who owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the per Share exercise price will be no less than one
hundred ten percent (110%) of the Fair Market Value of the applicable Shares per Share on the date of grant. Notwithstanding the foregoing provisions of this Section 6(e)(i), Options may be granted with a per Share exercise price of less than
one hundred percent (100%) of the Fair Market Value of the applicable Shares per Share on the date of grant pursuant to a transaction described in, and in a manner consistent with, Code Section 424(a). 

(ii)    Waiting Period and Exercise Dates. At the time an Option is granted, the Administrator will fix the period
within which the Option may be exercised and will determine any conditions that must be satisfied before the Option may be exercised. 

(iii)    Form of Consideration. The Administrator will determine the acceptable form of consideration for
exercising an Option, including the method of payment. In the case of an Incentive Stock Option, the Administrator will determine the acceptable form of consideration at the time of grant. Such consideration may consist entirely of: (1) cash;
(2) check; (3) wire transfer; (4) promissory note, to the extent permitted by Applicable Laws; (5) other Shares, provided that such Shares have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the
Shares as to which such Option will be exercised and provided further that accepting such Shares will not result in any adverse accounting consequences to the Company, as the Administrator determines in its sole discretion; (6) consideration
received by the Company under a cashless exercise program (whether through a broker or otherwise) implemented by the Company in connection with the Plan; however, for purposes of clarity, the satisfaction of the exercise price of an Option through
the Company’s retention of proceeds from Participant’s sale of Shares to the Company or a third party, whether such sale is through a Company or third-party tender offer or other liquidity program, is not a cashless exercise program under
the Plan; (7) by net exercise; (8) such other consideration and method of payment for the issuance of Shares to the extent permitted by Applicable Laws; or (9) any combination of the foregoing methods of payment. In making its
determination as to the type of consideration to accept, the Administrator will consider if acceptance of such consideration may be reasonably expected to benefit the Company. 

(f)    Exercise of Option. 

(i)    Procedure for Exercise; Rights as a Stockholder. Any Option granted hereunder will be exercisable according
to the terms of the Plan and at such times and 

  
 -10- 

 
under such conditions as determined by the Administrator and set forth in the Award Agreement. An Option may not be exercised for a fraction of a Share. 

An Option will be deemed exercised when the Company receives: (i) notice of exercise (in such form as the Administrator may specify from
time to time) from the person entitled to exercise the Option, and (ii) full payment for the Shares with respect to which the Option is exercised (together with applicable tax withholding). Full payment may consist of any consideration and
method of payment authorized by the Administrator and permitted by the Award Agreement and the Plan. For the avoidance of doubt, the Administrator may, in its sole discretion, accept exercises that are contingent on specified time(s), events(s)
and/or condition(s). Shares issued upon exercise of an Option will be issued in the name of the Participant or, if requested by the Participant, in the name of the Participant and his or her spouse. Until the Shares are issued (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder will exist with respect to the Shares subject to an Option,
notwithstanding the exercise of the Option. The Company will issue (or cause to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date
the Shares are issued, except as provided in Section 13 of the Plan. 
 Exercising an Option in any manner will decrease the
number of Shares thereafter available, both for purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised. 

(ii)    Termination of Relationship as a Service Provider. If a Participant ceases to be a Service Provider, other
than upon the Participant’s termination as the result of the Participant’s death or Disability, the Participant may exercise his or her Option within thirty (30) days of termination, or such longer period of time as is specified in
the Award Agreement or in writing by the Administrator (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement) to the extent that the Option is vested on the date of termination. Unless otherwise
provided by the Administrator, if on the date of termination the Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will revert to the Plan. If after termination the Participant does
not exercise his or her Option within the time specified by the Administrator, the Option will terminate, and the Shares covered by such Option will revert to the Plan. 

(iii)    Disability of Participant. If a Participant ceases to be a Service Provider as a result of the
Participant’s Disability, the Participant may exercise his or her Option within six (6) months of termination, or such longer period of time as is specified in the Award Agreement (but in no event later than the expiration of the term of
such Option as set forth in the Award Agreement) to the extent the Option is vested on the date of termination. Unless otherwise provided by the Administrator, if on the date of termination the Participant is not vested as to his or her entire
Option, the Shares covered by the unvested portion of the Option will revert to the Plan. If after termination the Participant does not exercise his or her Option within the time specified herein, the Option will terminate, and the Shares covered by
such Option will revert to the Plan. 

  
 -11- 

 (iv)    Death of Participant. If a Participant dies while a
Service Provider, the Option may be exercised within six (6) months following the Participant’s death, or within such longer period of time as is specified in the Award Agreement (but in no event later than the expiration of the term of
such Option as set forth in the Award Agreement) to the extent that the Option is vested on the date of death, by the Participant’s designated beneficiary, provided such beneficiary has been designated prior to the Participant’s death in a
form (if any) acceptable to the Administrator. If no such beneficiary has been designated by the Participant, then such Option may be exercised by the personal representative of the Participant’s estate or by the person(s) to whom the Option is
transferred pursuant to the Participant’s will or in accordance with the laws of descent and distribution. If the Option is exercised pursuant to this Section 6(f)(iv), Participant’s designated beneficiary or personal representative
shall be subject to the terms of this Plan and the Award Agreement, including but not limited to the restrictions on transferability and forfeitability applicable to the Service Provider. Unless otherwise provided by the Administrator, if at the
time of death Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will immediately revert to the Plan. If the Option is not so exercised within the time specified herein, the Option will
terminate, and the Shares covered by such Option will revert to the Plan. 
 7.    Stock Appreciation Rights.

 (a)    Grant of Stock Appreciation Rights. Subject to the terms and conditions of the Plan, a Stock
Appreciation Right may be granted to Service Providers at any time and from time to time as will be determined by the Administrator, in its sole discretion. 

(b)    Number of Shares. The Administrator will have complete discretion to determine the number and class of
Shares subject to any Award of Stock Appreciation Rights. 
 (c)    Exercise Price and Other Terms. The per Share
exercise price for the Shares that will determine the amount of the payment to be received upon exercise of a Stock Appreciation Right as set forth in Section 7(f) will be determined by the Administrator and will be no less than one hundred
percent (100%) of the Fair Market Value of the applicable Shares per Share on the date of grant. Otherwise, the Administrator, subject to the provisions of the Plan, will have complete discretion to determine the terms and conditions of Stock
Appreciation Rights granted under the Plan. 
 (d)    Stock Appreciation Right Agreement. Each Stock Appreciation
Right grant will be evidenced by an Award Agreement that will specify the exercise price, the class of Shares subject to such Stock Appreciation Right, the term of the Stock Appreciation Right, the conditions of exercise, and such other terms and
conditions as the Administrator, in its sole discretion, will determine. 
 (e)    Expiration of Stock Appreciation
Rights. A Stock Appreciation Right granted under the Plan will expire upon the date determined by the Administrator, in its sole discretion, and set forth in the Award Agreement. Notwithstanding the foregoing, the rules of Section 6(d)
relating to the maximum term and Section 6(f) relating to exercise also will apply to Stock Appreciation Rights. 

  
 -12- 

 (f)    Payment of Stock Appreciation Right Amount. Upon exercise
of a Stock Appreciation Right, a Participant will be entitled to receive payment from the Company in an amount determined by multiplying: 

(i)    The difference between the Fair Market Value of a Share of the same class on the date of exercise over the
exercise price; times 
 (ii)    The number of Shares with respect to which the Stock Appreciation Right is exercised.

 At the discretion of the Administrator, the payment upon Stock Appreciation Right exercise may be in cash, in Shares of equivalent value,
or in some combination thereof. 
 8.    Restricted Stock. 

(a)    Grant of Restricted Stock. Subject to the terms and provisions of the Plan, the Administrator, at any time
and from time to time, may grant Shares of Restricted Stock to Service Providers in such amounts and for the class of Shares as the Administrator, in its sole discretion, will determine. 

(b)    Restricted Stock Agreement. Each Award of Restricted Stock will be evidenced by an Award Agreement that will
specify the Period of Restriction, the number of Shares granted, the class of Shares granted, and such other terms and conditions as the Administrator, in its sole discretion, will determine. Unless the Administrator determines otherwise, Gunderson
Dettmer Stough Villeneuve Franklin & Hachigian, LLP as escrow agent will hold Shares of Restricted Stock until the restrictions on such Shares have lapsed. 

(c)    Transferability. Except as provided in this Section 8 or as the Administrator determines, Shares of
Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end of the applicable Period of Restriction. 

(d)    Other Restrictions. The Administrator, in its sole discretion, may impose such other restrictions on Shares
of Restricted Stock as it may deem advisable or appropriate. 
 (e)    Removal of Restrictions. Except as
otherwise provided in this Section 8, Shares of Restricted Stock covered by each Restricted Stock grant made under the Plan will be released from escrow as soon as practicable after the last day of the Period of Restriction or at such other
time as the Administrator may determine. The Administrator, in its discretion, may accelerate the time at which any restrictions will lapse or be removed. 

(f)    Voting Rights. During the Period of Restriction, Service Providers holding Shares of Restricted Stock
granted hereunder may exercise full voting rights with respect to those Shares, unless the Administrator determines otherwise. 

(g)    Dividends and Other Distributions. During the Period of Restriction, Service Providers holding Shares of
Restricted Stock will be entitled to receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise. If any such dividends or distributions are paid in Shares, the Shares will be subject
to the same 

  
 -13- 

 
restrictions on transferability and forfeitability as the Shares of Restricted Stock with respect to which they were paid. 

(h)    Return of Restricted Stock to Company. On the date set forth in the Award Agreement, the Restricted Stock
for which restrictions have not lapsed will revert to the Company and again will become available for grant under the Plan. 

9.    Restricted Stock Units. 

(a)    Grant. Restricted Stock Units may be granted at any time and from time to time as determined by the
Administrator. After the Administrator determines that it will grant Restricted Stock Units, it will advise the Participant in an Award Agreement of the terms, conditions, and restrictions related to the grant, including the number of Restricted
Stock Units. 
 (b)    Vesting Criteria and Other Terms. The Administrator will set vesting or other criteria or
requirements in its discretion, which, depending on the extent to which the criteria and requirements are met, will determine the number of Restricted Stock Units that will settle and the class of Shares subject to such Restricted Stock Units. The
Administrator may set vesting or other criteria or requirements based upon the achievement of Company-wide, business unit, or individual goals (including, but not limited to, continued employment or service), or any other basis determined by the
Administrator in its discretion. 
 (c)    Earning Restricted Stock Units. Upon meeting the applicable vesting
and any other applicable criteria or requirements, the Participant will be entitled to receive a payout as determined by the Administrator. Notwithstanding the foregoing, at any time after the grant of Restricted Stock Units, the Administrator, in
its sole discretion, may reduce or waive any vesting or other criteria or requirements that must be met to receive a payout. 

(d)    Form and Timing of Payment. Payment of earned Restricted Stock Units will be made as soon as practicable
after the date(s) determined by the Administrator and set forth in the Award Agreement. The Administrator, in its sole discretion and as the Administrator may set forth in the Award Agreement, may settle earned Restricted Stock Units in cash,
Shares, or a combination of both. 
 (e)    Cancellation. At the time or upon the events or conditions set forth
in the Award Agreement, all unearned Restricted Stock Units will be forfeited to the Company and the Shares underlying such Award again will become available for grant under the Plan. 

10.    Compliance With Code Section 409A. Awards will be designed and operated in such a manner
that they are either exempt or excepted from the application of, or comply with, the requirements of Code Section 409A such that the grant, payment, settlement or deferral will not be subject to the additional tax or interest applicable under
Section 409A, except as otherwise determined in the sole discretion of the Administrator. The Plan and each Award Agreement under the Plan is intended to meet the requirements of Code Section 409A so as to be either exempt or excepted
from or comply with Section 409A and will be construed and interpreted in accordance with such intent, except as otherwise determined in the sole discretion of the Administrator. To the extent that an Award or payment, or the settlement or
deferral thereof, is subject to Code Section 409A the Award will be granted, paid, settled or deferred in a manner that will meet the 

  
 -14- 

 
requirements of Code Section 409A, such that the grant, payment, settlement or deferral will not be subject to the additional tax or interest applicable under Code Section 409A. In no
event will the Company or any Parent or Subsidiary have any obligation under the terms of this Plan to reimburse a Participant for any taxes or other costs that may be imposed on Participant as a result of Section 409A. 

11.    Leaves of Absence/Reduced or Part-time Work Schedule/Transfer Between Locations. Unless the Administrator
provides otherwise or as otherwise required by Applicable Laws, vesting of Awards granted hereunder will be adjusted or suspended during any leave of absence in accordance with the Company’s leave of absence policy in effect at the time of such
leave. In addition, unless the Administrator provides otherwise or as otherwise required by Applicable Laws, if, after the date of grant of a Participant’s Award, the Participant commences working on a part-time or reduced work schedule basis,
the vesting of such Award will be adjusted in accordance with the Company’s reduced work schedule/ part-time policy then in effect. Adjustments or suspensions of vesting pursuant to this Section shall be accomplished in a manner that is
exempt from or complies with the requirements of Code Section 409A and the regulations and guidance thereunder. A Participant will not cease to be an Employee in the case of (i) any leave of absence approved by the Company or
(ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary. For purposes of Incentive Stock Options, no such leave may exceed three (3) months, unless reemployment upon expiration of such leave is
guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, then six (6) months following the first (1st) day of
such leave, any Incentive Stock Option held by the Participant will cease to be treated as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option. 

12.    Limited Transferability of Awards. 

(a)    Unless determined otherwise by the Administrator, Awards may not be sold, pledged, assigned, hypothecated, or
otherwise transferred in any manner other than by will or by the laws of descent and distribution (which, for purposes of clarification, shall be deemed to include through a beneficiary designation if available in accordance with Section 6(f)),
and may be exercised, during the lifetime of the Participant, only by the Participant. If the Administrator makes an Award transferable, such Award may only be transferred (i) by will, (ii) by the laws of descent and distribution, or
(iii) as permitted by Rule 701 of the Securities Act. 
 (b)    Further, during the period the Company is relying
upon the exemption from registration provided in Rule 12h-1(f)(1) promulgated under the Exchange Act (the “Rule 12h-1(f) Exemption”) until the Company either
(i) becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act or (ii) is no longer relying upon the Rule 12h-1(f) Exemption, an Option, or prior to exercise, the
Shares subject to the Option, may not be pledged, hypothecated or otherwise transferred or disposed of, in any manner, including by entering into any short position, any “put equivalent position” or any “call equivalent position”
(as defined in Rule 16a-1(h) and Rule 16a-1(b) of the Exchange Act, respectively), other than to (x) persons who are “family members” (as defined in Rule
701(c)(3) of the Securities Act) through gifts or domestic relations orders, or (y) to an executor or guardian of the Participant upon the death or disability of the Participant, in each case, to the extent required for continued reliance on
the Rule 12h-1(f) Exemption. Notwithstanding the foregoing sentence, the Administrator, in its sole discretion, may 

  
 -15- 

 
determine to permit transfers to the Company or in connection with a Change in Control or other acquisition transactions involving the Company to the extent permitted by Rule 12h-1(f) or, if the Company is not relying on the Rule 12h-1(f) Exemption, to the extent permitted by the Plan. 

(c)    With respect to each Option granted on or after December 12, 2012, this Section 12 shall replace in full
the section of the Option’s Award Agreement entitled “Non-Transferability of Option” unless the Administrator specifically provides otherwise by explicit reference to this Section 12(c).

 13.    Adjustments; Dissolution or Liquidation; Merger or Change in Control. 

(a)    Adjustments. In the event that any dividend or other distribution (whether in the form of cash, Shares, other
securities, or other property, but excluding ordinary course cash dividends or cash distributions), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Shares or other securities of the Company, or other change in the corporate structure of the Company affecting the Shares occurs, the Administrator, in order to
prevent diminution or enlargement of the benefits or potential benefits intended to be made available under the Plan, will adjust the number and class of shares of stock that may be delivered under the Plan and/or the number, class, and price of
shares of stock covered by each outstanding Award. Further, the Administrator will make such adjustments to an Award as required by Section 25102(o) of the California Corporations Code to the extent the Company is relying upon the exemption
afforded thereby with respect to the Award. 
 (b)    Dissolution or Liquidation. In the event of the proposed
dissolution or liquidation of the Company, the Administrator will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been previously exercised, an Award will terminate
immediately prior to the consummation of such proposed action. 
 (c)    Merger or Change in Control. In the
event of a merger of the Company with or into another corporation or other entity or a Change in Control, each outstanding Award will be treated as the Administrator determines (subject to the provisions of the following paragraph) without a
Participant’s consent, including, without limitation, that (i) Awards will be assumed, or substantially equivalent awards will be substituted, by the acquiring or succeeding corporation (or an affiliate thereof) with appropriate
adjustments as to the number and kind of shares and prices; (ii) upon written notice to a Participant, that the Participant’s Awards will terminate upon or immediately prior to the consummation of such merger or Change in Control;
(iii) outstanding Awards will vest and become exercisable, realizable, or payable, or restrictions applicable to an Award will lapse, in whole or in part prior to or upon consummation of such merger or Change in Control, and, to the extent the
Administrator determines, terminate upon or immediately prior to the effectiveness of such merger or Change in Control; (iv) (A) the termination of an Award in exchange for an amount of cash and/or property, if any, equal to the amount that
would have been attained upon the exercise of such Award or realization of the Participant’s rights as of the date of the occurrence of the transaction (and, for the avoidance of doubt, if as of the date of the occurrence of the transaction the
Administrator determines in good faith that no amount would have been attained upon the exercise of such Award or realization of the Participant’s rights, then such Award may be terminated by the Company without payment),

  
 -16- 

 
or (B) the replacement of such Award with other rights or property selected by the Administrator in its sole discretion; or (v) any combination of the foregoing. In taking any of the
actions permitted under this subsection 13(c), the Administrator will not be obligated to treat all Awards, all Awards held by a Participant, or all Awards of the same type, similarly. For purposes of clarity, if the Company or a Parent of the
Company continues after a merger or Change in Control, the Administrator may determine that such entity is the acquiring or succeeding corporation for purposes of this subsection, and/or for purposes of Section 13 of the Plan generally. 

Unless specifically provided otherwise under the applicable Award Agreement or other written agreement between the Participant and the Company
or any of its Subsidiaries or Parents, as applicable, in the event of a Change in Control, for each Participant whose service as a Service Provider has not terminated as of, or immediately prior to, the effective time of the Change in Control, then,
as of the effective time of such Change in Control, the vesting and exercisability of such Participant’s Award shall be accelerated to the extent of twenty five percent (25%) of the Award (for the avoidance of doubt, the accelerated portion
will be deemed to be from the portion of the Award scheduled to vest latest in time). Additionally, in the event that the successor corporation does not assume or substitute for the Award (or portion thereof), the Participant will fully vest
in and have the right to exercise all of his or her outstanding Options and Stock Appreciation Rights, including Shares as to which such Awards would not otherwise be vested or exercisable, all restrictions on Restricted Stock, Restricted Stock
Units and Growth Units will lapse, and, with respect to Awards with performance-based vesting, all performance goals or other vesting criteria will be deemed achieved at one hundred percent (100%) of target levels and all other terms and conditions
met, in all cases, unless specifically provided otherwise under the applicable Award Agreement or other written agreement between the Participant and the Company or any of its Subsidiaries or Parents, as applicable. In addition, unless specifically
provided otherwise under the applicable Award Agreement or other written agreement between the Participant and the Company or any of its Subsidiaries or Parents, as applicable, if an Option or Stock Appreciation Right is not assumed or substituted
in the event of a merger or Change in Control, the Administrator will notify the Participant in writing or electronically that the Option or Stock Appreciation Right will be exercisable for a period of time determined by the Administrator in its
sole discretion, and the Option or Stock Appreciation Right will terminate upon the expiration of such period. 
 For the purposes of this
subsection 13(c), an Award will be considered assumed if, following the merger or Change in Control, the Award confers the right to purchase or receive, for each Share subject to the Award immediately prior to the merger or Change in Control, the
consideration (whether stock, cash, or other securities or property) received in the merger or Change in Control by holders of Common Stock for each Share held on the effective date of the transaction (and if holders were offered a choice of
consideration, the type of consideration chosen by the holders of a majority of the outstanding Shares); provided, however, that if such consideration received in the merger or Change in Control is not solely common stock of the successor
corporation or its Parent, the Administrator may, with the consent of the successor corporation, provide for the consideration to be received upon the exercise of an Option or Stock Appreciation Right or upon the payout of a Restricted Stock Unit,
for each Share subject to such Award, to be solely common stock of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the merger or Change in Control. 

  
 -17- 

 Notwithstanding anything in this Section 13(c) to the contrary, an Award that vests, is
earned or paid-out upon the satisfaction of one or more performance goals will not be considered assumed if the Company or its successor modifies any of such performance goals without the Participant’s
consent, in all cases, unless specifically provided otherwise under the applicable Award Agreement or other written agreement between the Participant and the Company or any of its Subsidiaries or Parents, as applicable; provided, however, a
modification to such performance goals only to reflect the successor corporation’s post-Change in Control corporate structure will not be deemed to invalidate an otherwise valid Award assumption. 

Notwithstanding anything in this Section 13(c) to the contrary, and unless otherwise provided in an Award Agreement, if an Award that
vests, is earned or paid-out under an Award Agreement is subject to Code Section 409A and if the change in control definition contained in the Award Agreement does not comply with the definition of
“change of control” for purposes of a distribution under Code Section 409A, then any payment of an amount that is otherwise accelerated under this Section will be delayed until the earliest time that such payment would be permissible
under Code Section 409A without triggering any penalties applicable under Code Section 409A. 
 14.    Tax
Withholding. 
 (a)    Withholding Requirements. Prior to the delivery of any Shares or cash pursuant to an
Award (or exercise thereof), the Company will have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, local, foreign or other taxes (including the
Participant’s FICA obligation) required to be withheld with respect to such Award (or exercise thereof). 

(b)    Withholding Arrangements. The Administrator, in its sole discretion and pursuant to such procedures as it
may specify from time to time, may permit a Participant to satisfy such tax withholding obligation, in whole or in part by (without limitation) (i) paying cash, (ii) electing to have the Company withhold otherwise deliverable Shares having
a fair market value equal to the minimum statutory amount required to be withheld, (iii) delivering to the Company already-owned Shares having a fair market value equal to the statutory amount required to be withheld, provided the delivery of
such Shares will not result in any adverse accounting consequences, as the Administrator determines in its sole discretion, (iv) selling a sufficient number of Shares otherwise deliverable to the Participant through such means as the
Administrator may determine in its sole discretion (whether through a broker or otherwise) equal to the amount required to be withheld, (v) such other consideration and method of payment for the meeting of tax withholding obligations as the
Administrator may determine, to the extent permitted by Applicable Laws or (vi) any combination of the foregoing methods of payment. The amount of the withholding requirement will be deemed to include any amount which the Administrator agrees
may be withheld at the time the election is made, not to exceed the amount determined by using the maximum federal, state or local marginal income tax rates applicable to the Participant with respect to the Award on the date that the amount of tax
to be withheld is to be determined. The fair market value of the Shares to be withheld or delivered will be determined as of the date that the taxes are required to be withheld. 

  
 -18- 

 15.    No Effect on Employment or Service. Neither the Plan nor
any Award will confer upon a Participant any right with respect to continuing the Participant’s relationship as a Service Provider with the Company or its Subsidiaries or Parents, as applicable, nor will they interfere in any way with the
Participant’s right or the right of the Company and its Subsidiaries or Parents, as applicable, to terminate such relationship at any time, with or without cause, to the extent permitted by Applicable Laws. 

16.    Date of Grant. The date of grant of an Award will be, for all purposes, the date on which the Administrator
makes the determination granting such Award, or such other later date as is determined by the Administrator. Notice of the determination will be provided to each Participant within a reasonable time after the date of such grant. 

17.    Term of Plan. Subject to Section 21 of the Plan, the Plan will become effective upon its adoption by
the Board. Unless sooner terminated under Section 18, it will continue in effect for a term of ten (10) years from the later of (a) the effective date of the Plan, or (b) the earlier of the most recent Board or stockholder
approval of an increase in the number of Shares reserved for issuance under the Plan. 
 18.    Amendment and
Termination of the Plan. 
 (a)    Amendment and Termination. The Board may at any time amend, alter, suspend
or terminate the Plan. 
 (b)    Stockholder Approval. The Company will obtain stockholder approval of any Plan
amendment to the extent necessary and desirable to comply with Applicable Laws. 
 (c)    Effect of Amendment or
Termination. No amendment, alteration, suspension or termination of the Plan will impair the rights of any Participant, unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing and signed
by the Participant and the Company. Termination of the Plan will not affect the Administrator’s ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination. 

19.    Conditions Upon Issuance of Shares. 

(a)    Legal Compliance. Shares will not be issued pursuant to the exercise of an Award unless the exercise of such
Award and the issuance and delivery of such Shares will comply with Applicable Laws and will be further subject to the approval of counsel for the Company with respect to such compliance. 

(b)    Investment Representations. As a condition to the exercise of an Award, the Company may require the person
exercising such Award to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the
Company, such a representation is required. 
 20.    Inability to Obtain Authority. The inability of the Company
to obtain authority from any regulatory body having jurisdiction or to complete or comply with the requirements of 

  
 -19- 

 
any registration or other qualification of the Shares under any state, federal or non-U.S. law or under the rules and regulations of the Securities and
Exchange Commission, the stock exchange on which Shares of the same class are then listed, or any other governmental or regulatory body, which authority, registration, qualification or rule compliance is deemed by the Company’s counsel to be
necessary or advisable for the issuance and sale of any Shares hereunder, will relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority, registration, qualification or rule
compliance will not have been obtained. 
 21.    Stockholder Approval. The Plan will be subject to approval by
the stockholders of the Company within twelve (12) months after the date the Plan is adopted by the Board. Such stockholder approval will be obtained in the manner and to the degree required under Applicable Laws. 

22.    Information to Participants. If and as required (i) pursuant to Rule 701 of the Securities Act, if the
Company is relying on the exemption from registration provided pursuant to Rule 701 of the Securities Act with respect to the applicable Award, and/or (ii) pursuant to Rule 12h-1(f) of the Exchange Act,
to the extent the Company is relying on the Rule 12h-1(f) Exemption, then during the period of reliance on the applicable exemption and in each case of (i) and (ii) until such time as the Company
becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, the Company shall provide to each Participant the information described in paragraphs (e)(3), (4), and (5) of Rule 701 under the Securities Act not
less frequently than every six (6) months with the financial statements being not more than 180 days old and with such information provided either by physical or electronic delivery to the Participants or by written notice to the Participants
of the availability of the information on an Internet site that may be password-protected and of any password needed to access the information. The Company may request that Participants agree to keep the information to be provided pursuant to this
section confidential. If a Participant does not agree to keep the information to be provided pursuant to this section confidential, then the Company will not be required to provide the information unless otherwise required pursuant to Rule 12h-1(f)(1) under the Exchange Act (if the Company is relying on the Rule 12h-1(f) Exemption) or Rule 701 of the Securities Act (if the Company is relying on the exemption
pursuant to Rule 701 of the Securities Act). 
 23.    Growth Units. 

(a)    Grant. Growth Units may be granted at any time and from time to time as determined by the Administrator.
After the Administrator determines that it will grant Growth Units, it will advise the Participant in an Award Agreement of the terms, conditions, and restrictions related to the grant, including the number of Growth Units. 

(b)    Vesting Criteria and Other Terms. The Administrator will set vesting or other criteria or requirements in
its discretion, which, depending on the extent to which the criteria and requirements are met, will determine the number of Growth Units that will settle, the class of Shares subject to such Growth Units, and the number of Shares (or formula for
determination of such number of Shares) that upon vesting and/or satisfaction of other criteria or requirements such Growth Units will represent the right to receive, if applicable. The Administrator may set vesting or other criteria or requirements
based upon the achievement of Company-wide, business unit, or 

  
 -20- 

 
individual goals (including, but not limited to, continued employment or service), or any other basis determined by the Administrator in its discretion. 

(c)    Earning Growth Units. Upon meeting the applicable vesting and any other applicable criteria or requirements,
the Participant will be entitled to receive a payout as determined by the Administrator. Notwithstanding the foregoing, at any time after the grant of Growth Units, the Administrator, in its sole discretion, may reduce or waive any vesting or other
criteria or requirements that must be met to receive a payout. 
 (d)    Form and Timing of Payment. Payment of
earned Growth Units will be made as soon as practicable after the date(s) determined by the Administrator and set forth in the Award Agreement. The Administrator, in its sole discretion and as the Administrator may set forth in the Award Agreement,
may settle earned Growth Units in cash, Shares, or a combination of both. 
 (e)    Cancellation. At the time or
upon the events or conditions set forth in the Award Agreement, all unearned Growth Units will be forfeited to the Company and the Shares underlying such Award again will become available for grant under the Plan. 

  
 -21- 

 PALANTIR TECHNOLOGIES INC. 

AMENDED 2010 EQUITY INCENTIVE PLAN 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

Unless otherwise defined herein, the terms defined in the Palantir Technologies Inc. (the “Company”) Amended 2010 Equity
Incentive Plan (the “Plan”) shall have the same defined meanings in this Restricted Stock Unit Award Agreement, including Part I of this Award Agreement entitled “Notice of Grant of Restricted Stock Units,” Part II of
this Award Agreement entitled “Agreement,” the Representation Statement attached hereto as Exhibit A, the country-specific appendix referenced herein and any other appendices attached to such documents (all of which are made a part
of this document and, together, this “Award Agreement”). 
  

	I.	 NOTICE OF GRANT OF RESTRICTED STOCK UNITS 

 

					
		 	Name (the “Participant”):	 	###PARTICIPANT_NAME###
			
		 	Address:	 	###HOME_ADDRESS###

 The Participant has been granted an Award of Restricted Stock Units (the “Restricted Stock Unit
Award,” “Award of Restricted Stock Units,” or “Award”), subject to the terms and conditions of the Plan and this Award Agreement, as follows: 

 

					
		 	Grant Number:	 	###EMPLOYEE_GRANT_NUMBER###
			
		 	“Date of Grant”:	 	###GRANT_DATE###
			
		 	Number of Restricted Stock Units:	 	###TOTAL_AWARDS###
			
		 	Class of Common Stock covered by Award:	 	Class A Common Stock of the Company (“Shares”)
			
		 	“Relevant Employment Date”: 	 	###CF_EE_GRANT_Relevant Employment Date###
			
		 	“Expiration Date”:	 	###EXPIRY_DATE###
			
		 	Vesting Requirements:	 	Subject to the terms of the Restricted Stock Units section of the Company’s Reduced Hours and Leave of Absence Policy in effect as of the time this Award was granted as attached hereto as Exhibit B (such section being
the “LOA Policy - RSU Section” which, for the avoidance of doubt, shall supersede any prior version of any such policy), the Restricted Stock Units subject to this Award Agreement (the “Restricted Stock
Units”) will vest, if at all, only upon the achievement of the following three vesting requirements on or prior to the Expiration Date: (i) a requirement that the Participant remains a Service Provider over the period of time set forth
in “Service-Based Requirement” below, (ii) a requirement that the Company complete either an IPO Event (as defined below) or Change in Control (either an IPO Event or Change in Control being defined herein as an
“Exit

					
		  		 	Event”) as set forth in “Exit Event Requirement” below, and (iii) no Unauthorized Transfer (as defined below) shall have occurred on or prior to the date the applicable Service-Based Requirement and
Exit Event Requirement has been met. A “Vesting Date” with respect to a particular Restricted Stock Unit will be the first date on or before the Expiration Date upon which the Service-Based Requirement and the Exit Event Requirement
are satisfied with respect to that particular Restricted Stock Unit, provided that no Unauthorized Transfer has occurred on or prior to such date. For the avoidance of doubt, there may be multiple Vesting Dates, with each such Vesting Date
corresponding to a particular portion of the Restricted Stock Units and, for the avoidance of doubt, with each Vesting Date after the first Vesting Date applying to incremental Restricted Stock Units beyond the cumulative Restricted Stock Units
applicable to prior Vesting Date(s). For purposes of clarification, upon an Exit Event that occurs on or prior to the Expiration Date, the then-outstanding Restricted Stock Units subject to this Award that have satisfied the Service-Based
Requirement as of the date of such Exit Event (if any) will “cliff” vest, and the remaining then-outstanding Restricted Stock Units subject to this Award will continue to vest pursuant to the schedule set forth in the Service-Based
Requirement (with an additional Vesting Date occurring on each subsequent date when an additional portion of the Service-Based Requirement is met) so long as the Participant continues to remain a Service Provider through each
such date or dates when the applicable Service-Based Requirement is satisfied (and in all cases subject to the other terms and conditions of this Award Agreement).
			
		  	“Service-Based Requirement”: 	 	###VEST_SCHEDULE_DESCRIPTION###
			
		  	“Exit Event Requirement”:	 	The Exit Event Requirement will be satisfied (as to any then-outstanding Restricted Stock Units that have not theretofore been terminated pursuant to Section 4 or Section 12(b) of Part II of this Award Agreement) on the
earlier to occur of (i) an IPO Event or (ii) a Change in Control. “IPO Event” means the first sale or resale of Shares (or other common equity securities of the Company) to the general public upon the closing of an
underwritten public offering or on the second trading day after trading commences in connection with a direct listing, in each case (1) pursuant to an effective registration statement filed under the Securities Act and (2) immediately
after which such securities (i.e., the Shares or other common equity securities of the Company) are

					
		 		 	registered on a national securities exchange (as defined under then-applicable United States federal securities laws and regulations); provided, however, that the Administrator, in its sole discretion, shall have
the discretion (but in no case any obligation), to determine that an IPO Event shall have occurred if a sale of such securities to the general public shall have occurred based on the closing of an underwritten public offering or in connection with a
direct listing if such sale shall have occurred pursuant to a valid qualification or filing that is substantially equivalent to an effective registration statement filed under the Securities Act, under the Applicable Laws of another jurisdiction
under which such securities will be listed on an internationally-recognized stock/securities exchange (as determined by the Administrator in its sole discretion).

 The vesting of Restricted Stock Units is conditioned on all of the following: (i) the satisfaction of the
Service-Based Requirement on or before the Expiration Date, (ii) the occurrence, on or before the Expiration Date, of an Exit Event, and (iii) the requirement that no Unauthorized Transfer has occurred on or prior to the satisfaction of
such requirements. In addition, for the avoidance of doubt, Restricted Stock Units will be forfeited at no cost to the Company pursuant to Section 12(b) if an Unauthorized Transfer occurs following the Vesting Date but prior to settlement of
such Restricted Stock Units. Participant shall have no right with respect to the Restricted Stock Units to the extent an Exit Event does not occur on or before the Expiration Date (regardless of the extent to which the Service-Based Requirement is
satisfied). 
 For purposes of clarity, if the Exit Event Requirement occurred on or before the applicable portion of the Service-Based
Requirement is met, a Vesting Date would be each date an applicable portion of the Service-Based Requirement is met, assuming no Unauthorized Transfer has occurred on or prior to such date. If the Exit Event Requirement was satisfied after the
applicable portion of the Service-Based Requirement is met, the Vesting Date for such portion of the Award would be the date the Exit Event Requirement is met, assuming no Unauthorized Transfer has occurred on or prior to such date. For the
avoidance of doubt, the occurrence of a “Vesting Date” as to any or all of the Restricted Stock Units is conditional and may never occur and it is hereby restated for clarification that no “Vesting Date” shall occur unless and
until the specified conditions set forth in the definition of “Vesting Date” (and otherwise subject to the terms and conditions of this Award Agreement) are explicitly met. 

In the event Participant ceases to be a Service Provider for any or no reason before the Restricted Stock Units vest in accordance with their
terms, the Restricted Stock Units will remain eligible to vest and be settled in Shares only to the extent provided under Section 4 of Part II of this Award Agreement. 

In receiving this Award, Participant is hereby notified that the following constitute certain of the terms, conditions, and obligations of
receiving, holding, and potentially vesting in and settlement of the Restricted Stock Units referenced in this Award Agreement: 

	 	(a)	 This Award of Restricted Stock Units is granted under and governed by the terms and conditions of the Plan and
this Award Agreement; 

  

	 	(b)	 Participant accepts as binding, conclusive and final all decisions or interpretations of the Administrator upon
any questions relating to the Plan and this Award Agreement; 

  

	 	(c)	 Prior to settlement under this Award, the Company may require Participant to sign a written confirmation and
acceptance that he or she has complied with all terms of this Award Agreement and that he or she accepts and agrees to all of its terms; and  

 

	 	(d)	 This Award of Restricted Stock Units is subject to the LOA Policy – RSU Section in effect as of the time
this Award was granted. The LOA Policy – RSU Section in effect as of the time this Award was granted is attached hereto as Exhibit B. For the avoidance of doubt, under the terms of the Plan and this Award Agreement, the LOA Policy –
RSU Section pertaining to this Award may be amended at any time pursuant to the terms and conditions of the Plan and Section 27 of Part II of this Award Agreement. At any time, the Company may require Participant to sign a written
acknowledgement of the impact of a leave of absence or change in work schedule with respect to this Award pursuant to the LOA Policy – RSU Section. 

As discussed in Section 13 of Part II of this Award Agreement, this Award is not part of
Participant’s ordinary compensation and Participant is hereby put on notice that if Participant does not both comply with the terms of this Award Agreement and sign a written confirmation and acceptance if requested, Participant
will have no claim against the Company. Further, if Participant does not keep the Company informed of all changes in his or her residence address and keep an up to date email address on file with the Company and the Company is not able to
easily locate Participant, the Company, in its discretion, may cancel this Award at no cost to the Company, subject to Applicable Laws. 

 PALANTIR TECHNOLOGIES INC. 

AMENDED 2010 EQUITY INCENTIVE PLAN 

RESTRICTED STOCK UNIT AWARD AGREEMENT 
  

	II.	 AGREEMENT 

1.    Grant of Restricted Stock Units. The Company hereby grants to the Participant named in the Notice of Grant of
Restricted Stock Units (the “Notice of Grant”) in Part I of this Award Agreement an Award of Restricted Stock Units, subject to all of the terms and conditions in this Award Agreement and the Plan, which is incorporated herein by
reference. The purpose of this Award of Restricted Stock Units is to encourage retention and to engage the Participant in making an Exit Event a reality. In addition, tying the vesting of Restricted Stock Units to an Exit Event aligns the interests
of the Participant with those of the Company’s stockholders. Subject to Section 18(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and this Award Agreement, the terms and conditions of the Plan shall
prevail, except to the extent specifically provided in this Award Agreement or as the Administrator may determine is appropriate to give effect to the intent of this Award Agreement. Notwithstanding anything in the Plan or this Award Agreement to
the contrary, no amendment to the Plan, other than amendments to increase the Shares reserved for issuance under the Plan, will be deemed to apply to this Restricted Stock Unit Award unless the Administrator specifically determines otherwise (and,
in such case, subject to Section 18(c) of the Plan, as and to the extent noted above). 

2.    Company’s Obligations. Each Restricted Stock Unit represents the right to receive, subject
to the occurrence of the applicable Vesting Date, one Share (such Shares issued in settlement of Restricted Stock Units, “Restricted Stock Unit Shares”) or, in the sole discretion of the Administrator, an amount in cash equal to the
Fair Market Value of one Share on the Vesting Date, as described further in Section 6. Unless and until a Restricted Stock Unit has vested in the manner set forth in Section 4, and subject to Section 12(b), Participant will have no
right to receive Restricted Stock Unit Shares or cash with respect to such Restricted Stock Unit. Prior to the actual settlement of a vested Restricted Stock Unit in Shares based on the terms of this Award Agreement, each Restricted Stock Unit will
represent an unsecured obligation of the Company to issue a Share only from the general assets of the Company (if at all). In all cases, including in the event of Participant’s death, Shares may be acquired pursuant to this Award only as set
forth in, and on the terms and subject to the conditions of, this Award Agreement. 
 3.    Participant’s
Representations. In the event the Shares have not been registered under the Securities Act at the time of the settlement of the applicable Restricted Stock Units or at such other time as designated by the Company, if requested or required by the
Company, it shall be a condition and term of this Award that Participant deliver to the Company his or her Representation Statement in the form attached hereto as Exhibit A, subject to any updates or modifications to such
form prepared by the Company from time to time as the Company may deem necessary or advisable in light of changes to laws or regulations or otherwise. If Participant does not deliver the Representation Statement, if one is requested or required, at
the time that the applicable Restricted Stock Units otherwise would be settled (and prior to any deadline specified by the Company) and, in all cases, by the applicable Settlement Deadline (as defined below), then immediately after the earlier of
the deadline specified by the Company or the applicable Settlement 

 
Deadline, the applicable Restricted Stock Units that otherwise would be settled will be cancelled and forfeited to the Company for no consideration and in such event, no such Restricted Stock
Unit Shares shall be issued with respect to this Award and any rights thereto shall immediately be forfeited for no consideration. 

4.    Vesting Requirements. 

(a)    Generally. Except as provided in Section 6, and subject to Section 7, the Restricted Stock Units
awarded by this Award Agreement will vest only in accordance with the vesting requirements set forth in the Notice of Grant. Participant will vest in, and be eligible to receive a benefit with respect to, a Restricted Stock Unit only if the
Service-Based Requirement and the Exit Event Requirement are satisfied on or before the Expiration Date and no Unauthorized Transfer has occurred on or prior to the satisfaction of such requirements. Participant’s Restricted Stock Units will
not vest (in whole or in part) if only one (or if neither) of the Service-Based Requirement or the Exit Event Requirement is satisfied on or before the Expiration Date. 

(b)    Termination of Service Provider Status. If Participant’s status as a Service Provider terminates for
any reason, whether such termination is legal or illegal, then effective as of the date of such termination of status, all Restricted Stock Units as to which the Service-Based Requirement has not yet been satisfied shall automatically be terminated
and cancelled, without regard to any notice or severance period, whether statutory, contractual or otherwise. Participant will not satisfy the Service-Based Requirement for any additional Restricted Stock Units after Participant’s status as a
Service Provider has terminated for any reason. Upon Participant’s termination of Service Provider status, any Restricted Stock Units as to which the Service-Based Requirement has been satisfied will (if an Exit Event has not yet occurred)
remain outstanding (subject to the other terms of this Award Agreement) until the first to occur of the satisfaction of the Exit Event Requirement or the beginning of the calendar day immediately following the Expiration Date. 

(c)    Expiration of Restricted Stock Units. If an Exit Event does not occur on or before the Expiration Date set
forth in the Notice of Grant, all Restricted Stock Units (regardless of whether or not, or the extent to which, the Service-Based Requirement had been satisfied as to such Restricted Stock Units) shall automatically terminate and be cancelled upon
such date for no consideration and at no cost to the Company. For the avoidance of doubt, the occurrence of the Expiration Date on or after a Vesting Date shall have no impact on the settlement of Restricted Stock Units that vest pursuant to such
Vesting Date. 
 (d)    Effect of Termination. Upon a termination of one or more Restricted Stock Units pursuant
to this Section 4, Participant will have no further right with respect to such Restricted Stock Units or the Shares previously allocated thereto. 

5.    Lock-Up Period. No offer, pledge, sale, contract to sell, sale of any
option or contract to purchase, purchase of any option or contract to sell, grant of any option, right or warrant to purchase, loan, or other direct or indirect transfer of or disposition of, any Shares (or other securities of the Company) is
permitted hereunder nor is the entry into any swap, hedging or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any Shares (or other securities of the Company) held by Participant
(other than those 

 
included in the registration) for a period specified by the Company or the underwriters or financial advisors in connection with an IPO Event not to exceed 180 days following such IPO Event (or
such other period as may be requested by the Company, the underwriters or the financial advisors of such IPO Event, as applicable, to accommodate regulatory restrictions) (such period, the “Lock-Up
Period”). 
 Participant is hereby notified that it is a term of this Award (and a condition to any potential vesting and
settlement) that Participant execute and deliver such agreements as may be reasonably requested by the Company, the underwriters or the financial advisors that are consistent with the foregoing or which are necessary to give further effect thereto.
In addition, if requested by the Company or the representative of the underwriters or financial advisors, as applicable, in connection with an IPO Event, it is a term of this Award that Participant provide, within ten (10) days of such request,
such information as may be requested by the Company or such representative in connection with the completion of any IPO Event. The Company may impose stop-transfer instructions with respect to the Shares (or other securities of the Company) subject
to the foregoing restriction until the end of the Lock-Up Period, if any. 

6.    Vesting and Settlement. 

(a)    General Rule. Subject to Section 9, Restricted Stock Units that vest will be settled in whole Shares,
provided that, in the Administrator’s sole discretion, Restricted Stock Units that vest may be settled for an amount in cash equal to the Fair Market Value of the Shares underlying the Restricted Stock Units as of the date of vesting.
Subject to the provisions of Section 6(c) and notwithstanding anything in the Plan to the contrary, each vested Restricted Stock Unit that has met all requirements for settlement under this Award Agreement (including with respect to Restricted
Stock Units that the Administrator determines will be settled in cash) will be settled no later than the applicable Settlement Deadline. “Settlement Deadline” with respect to a particular vested Restricted Stock Unit means
March 15 of the calendar year following the calendar year in which the Vesting Date of such particular Restricted Stock Unit occurs (or, if earlier, March 15 of the calendar year following the calendar year in which occurs the first date
on which the applicable Restricted Stock Unit is no longer subject to a substantial risk of forfeiture for purposes of Section 409A). No Restricted Stock Unit will be settled after the Settlement Deadline applicable to it. If any Restricted
Stock Unit has not met all the requirements for settlement under this Award Agreement in a manner that would allow it to be settled by the applicable Settlement Deadline, such Restricted Stock Unit will be forfeited as of immediately following the
applicable Settlement Deadline. In no event will Participant be permitted, directly or indirectly, to specify the taxable year or date of settlement of any Restricted Stock Units under this Award Agreement. For the avoidance of doubt, there may be
multiple Settlement Deadlines, with each such Settlement Deadline corresponding to a particular Restricted Stock Unit. 

(b)    Change in Control. Notwithstanding anything in the Plan to the contrary, the first sentence of the second
paragraph of Section 13(c) of the Plan will apply to the Restricted Stock Units granted under this Award Agreement such that, as of the effective time of a Change in Control, if the Participant remains a Service Provider through the effective
time of such Change in Control, twenty five percent (25%) of the Restricted Stock Units subject to the Award will automatically satisfy the Service-Based Requirement pursuant to Section 13(c) of the Plan. 

(c)    Acceleration; Amendment.  

 (i)    Discretionary Acceleration or Amendment. The
Administrator may, pursuant to its authority under, and in accordance with, Section 4(b)(v), Section 4(b)(ix), Section 4(b)(xiii) and Section 9(c) of the Plan, in its discretion, unilaterally (x) accelerate, in whole or in
part, the vesting of the Restricted Stock Units, (y) waive or decrease some or all of the requirements required for vesting of unvested Restricted Stock Units at any time, or (z) waive or decrease some or all of the requirements for
settlement of Restricted Stock Units at any time, in each case, subject to the terms of the Plan but without the need for Participant consent in any instance, and subject to Section 27 of this Award Agreement; provided, however,
that no such acceleration, waiver or decrease shall occur or be effective unless such modification would result in this Restricted Stock Unit Award remaining exempt or excepted from the requirements of Section 409A pursuant to the
“short-term deferral” exception or another exception or exemption under Section 409A, or otherwise complying with Section 409A, in each case such that none of this Award Agreement, the Restricted Stock Units provided under this
Award Agreement, or Shares issuable hereunder will be subject to the additional tax imposed under Section 409A. If so modified, the Vesting Date with respect to the applicable Restricted Stock Units will be deemed for all purposes of this Award
Agreement to be the date specified by the Administrator (provided, that, for purposes of determining the applicable Settlement Deadline with respect to such Restricted Stock Units, the Vesting Date will be deemed to be no later than the first
date on which the Restricted Stock Units are no longer subject to a substantial risk of forfeiture for purposes of Section 409A), and any Shares issuable upon settlement of the Award pursuant to such acceleration also will be Restricted Stock
Unit Shares for the purposes of this Award Agreement. The settlement of Restricted Stock Unit Shares vesting pursuant to this Section 6(c) shall in all cases be no later than the Settlement Deadline and at a time or in a manner that is exempt
from, or complies with, Section 409A. The prior sentence may be superseded in a future agreement or amendment to this Award Agreement only by direct and specific reference to such sentence. 

(ii)    The Company’s intent is that this Restricted Stock Unit Award be exempt or excepted from the requirements of
Section 409A. However, in an abundance of caution, the Company is including in this subsection, certain Section 409A rules that only apply if the Restricted Stock Units are not exempt or excepted, and then only in certain circumstances.
Specifically, Section 409A contains rules that must apply to the Restricted Stock Units if (a) they are not exempt or excepted from Section 409A, (b) the Company has any stock that is publicly traded on an established securities
market or otherwise at the time Participant’s service terminates, (c) Participant receives acceleration of vesting of the Restricted Stock Units in connection with a termination of service, and (d) at the time of such termination,
Participant is considered a “specified employee” under the Section 409A rules. Should these rules ever become applicable to Participant’s Restricted Stock Units, then notwithstanding anything in the Plan, this Award Agreement or
any other agreement (whether entered into before, on or after the Date of Grant) to the contrary, if the vesting of Restricted Stock Units is accelerated in connection with Participant’s termination as a Service Provider (provided that
such termination is a “separation from service” within the meaning of Section 409A, as determined by the Company), other than due to Participant’s death, and if (x) Participant is a U.S. taxpayer and a “specified
employee” within the meaning of Section 409A at the time of such termination as a Service Provider and (y) the settlement of such accelerated Restricted Stock Units will result in the imposition of additional tax under
Section 409A if such settlement is on or within the six (6) month period following Participant’s termination as a Service Provider, then the settlement of such accelerated Restricted 

 
Stock Units will not occur until the date six (6) months and one (1) day following the date of Participant’s termination as a Service Provider, unless the Participant dies
following his or her termination as a Service Provider, in which case, the Restricted Stock Unit Shares will be settled and issued to the Participant’s Legal Representative (as defined below) as soon as practicable following his or her death
(subject to Section 8). 
 (d)    Section 409A. It is the intent of this Award Agreement that it and all
issuances and benefits to U.S. taxpayers hereunder be exempt or excepted from the requirements of Section 409A pursuant to the “short-term deferral” exception under Section 409A, or otherwise be exempted or excepted from, or
comply with, Section 409A, so that none of this Award Agreement, the Restricted Stock Units provided under this Award Agreement, or Shares issuable thereunder will be subject to the additional tax imposed under Section 409A, and any
ambiguities or ambiguous terms herein will be interpreted to be so exempt or excepted, or to so comply. Each issuance upon settlement of the Award under this Award Agreement is intended to constitute a separate payment for purposes of Treasury
Regulation Section 1.409A-2(b)(2). In no event will the Company or any Service Recipient (as defined below) have any liability or obligation to reimburse, indemnify, or hold harmless Participant for any
taxes that may be imposed, or other costs incurred, on Participant as a result of Section 409A. 

7.    Forfeiture. Upon the cancellation and forfeiture events or times specified in Section 4 or
Section 12(b), Restricted Stock Units awarded by this Award Agreement will be forfeited at no cost to the Company and Participant will have no further rights to the Restricted Stock Units or Restricted Stock Unit Shares so forfeited hereunder.

 8.    Death of Participant. The Award of Restricted Stock Units may not be transferred upon Participant’s
death by the provisions of any will or trust of Participant or by the laws of descent or distribution or otherwise, and instead will remain in the name of the deceased Participant after his or her death if and to the extent this Award otherwise
remains outstanding and eligible to vest and/or be settled pursuant to the terms of this Award Agreement. Any Shares issued in settlement of this Award will be made to the person(s) as provided in this Section. Following the Participant’s
death, the Company will communicate about the Award only with Participant’s “Legal Representative,” defined for the purposes of this Award Agreement as (x) the trustee of the revocable trust, if any, established by
Participant prior to death that is the residuary beneficiary of Participant’s will; (y) if there is no such trust, the personal representative (or equivalent) of Participant’s probate estate; or (z) if no probate proceeding has
been initiated, the executor named in Participant’s will. Any such Legal Representative must (i) furnish the Company with (a) written notice of his or her status as Legal Representative and the names of any successor Legal
Representative(s) then designated; (b) contact information as requested by the Company for the Legal Representative and any such successors; and, (c) evidence satisfactory to the Company to establish the validity of the Legal
Representative’s status as such and compliance with any laws or regulations pertaining thereto; and (ii) agree to inform the Company within thirty (30) days of any changes to the identity or contact information of the Legal
Representative. Further, any settlement to be made with regard to a deceased Participant under this Award Agreement will be made only to the Participant’s then-acting Legal Representative in the Legal Representative’s fiduciary capacity,
and the Legal Representative must enter into an agreement in a form prescribed by the Company, that provides that the Legal Representative is acting in a fiduciary capacity with respect to this Award and, as such, is subject to and will be bound by,
the terms and conditions of 

 
this Award Agreement, and that this Award Agreement shall apply to the Legal Representative to the same extent as to the Participant, including the vesting requirements and the prohibition on
future transferability. Without limiting the foregoing in any way, following the death of Participant, all terms, conditions, and obligations set forth in this Award Agreement as being applicable to the Participant or this Award shall, after
Participant’s death, continue to apply in the same manner, and nothing herein shall be construed as giving the Legal Representative any right, ability, or consent to take any action that, if Participant was then living and such actions had been
taken by Participant, would be prohibited by or inconsistent with any terms, requirements, or obligations set forth in this Award Agreement. The terms of this Section shall be binding upon Participant, Participant’s Legal Representative and
successor Legal Representatives, and any heirs, devisees, beneficiaries, agents and assigns of Participant. 

9.    Tax Withholding. 

(a)    Tax Consequences. Participant is solely responsible for reviewing with his or her own tax advisors the U.S.
federal, state, local and non-U.S. tax consequences of this Award and the transactions contemplated by this Award Agreement. With respect to such matters, Participant relies solely on such advisors and not on
any statements or representations of the Company or any of its agents, written or oral. Participant has been informed that the tax consequences of the benefits provided under this Award Agreement are not warrantied or guaranteed and Participant (and
not the Company or any Service Recipient) shall be responsible for Participant’s own tax liability that may arise as a result of this Award or the transactions contemplated by this Award Agreement. 

(b)    Responsibility for Taxes. Regardless of any action taken by the Company or, if different, Participant’s
employer (the “Employer”) or Parent or Subsidiary to which Participant is providing services (together, the Company, Employer and/or Parent or Subsidiary to which the Participant is or was providing services, the “Service
Recipient”), the ultimate liability for any tax and/or social insurance liability obligations and requirements in connection with the Restricted Stock Units, any Restricted Stock Unit Shares and any cash paid out on the settlement of
Restricted Stock Units under Section 6, including, without limitation, (a) all U.S. federal, state, and local taxes (including the Participant’s Federal Insurance Contributions Act (FICA) obligation) and
non-U.S. taxes and social insurance liability obligations that are required to be withheld by the Company or the Employer or other payment of tax-related items related
to Participant’s participation in the Plan and legally applicable to Participant, (b) the Participant’s and, to the extent required by the Company (or Service Recipient), the Company’s (or Service Recipient’s) fringe benefit
tax liability, if any, associated with the grant, vesting, or settlement of the Restricted Stock Units or sale of Restricted Stock Unit Shares, including where the Restricted Stock Units are settled in cash under Section 6, and (c) any
other Company (or Service Recipient) taxes the responsibility for which the Participant has, or has agreed to bear, with respect to the Restricted Stock Units (or vesting thereof or issuance of Restricted Stock Unit Shares or payment of cash
thereunder) (collectively, the “Tax Obligations”), is and remains Participant’s responsibility and may exceed the amount actually withheld by the Company or the Service Recipient. The Company and the Service Recipient
(i) make no representations or undertakings regarding the treatment of any Tax Obligations in connection with any aspect of the Restricted Stock Units, including, but not limited to, the grant, vesting or settlement of the Restricted Stock
Units, the payment of cash on the settlement of Restricted Stock Units under Section 6 or the 

 
subsequent sale of Restricted Stock Unit Shares acquired pursuant to such settlement and the receipt of any dividends or other distributions, and (ii) do not commit to and are under no
obligation to structure the terms of the Award or any aspect of the Restricted Stock Units to reduce or eliminate Participant’s liability for Tax Obligations or achieve any particular tax result. 

(c)    Pursuant to such procedures as the Administrator may specify from time to time, the Company and/or Service
Recipient shall withhold the amount the Company determines must or shall be withheld for the payment of Tax Obligations (the “Withholding Obligations”) upon each date with respect to which the Administrator determines Withholding
Obligations are due, including but not limited to, at grant, vesting, settlement or any other date with respect to which Withholding Obligations arise, which may, for the avoidance of doubt, include such amounts in excess of the minimum statutory
amount required to be withheld as the Administrator may permit or require, as the Administrator determines in its sole discretion based on the Administrator’s consideration of applicable accounting consequences and the requirements of
Applicable Laws (provided that such amounts may not exceed the amounts determined by using the maximum federal, state or local marginal income tax rates applicable to the Participant with respect to the Award on the date that the Withholding
Obligations are determined). The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit or require Participant to satisfy such Withholding Obligations, in whole or in part (without
limitation), if permissible by applicable local law, by (a) paying cash, (b) electing to have the Company withhold cash or otherwise deliverable Restricted Stock Unit Shares having a fair market value equal to the amount of such
Withholding Obligations, (c) withholding the amount of such Withholding Obligations from Participant’s wages or other cash compensation paid to Participant by the Company and/or the Service Recipient, (d) delivering to the Company
already vested and owned Shares having a fair market value equal to such Withholding Obligations, (e) selling a sufficient number of such Shares otherwise deliverable to Participant through such means as the Company may determine in its sole
discretion (whether through a broker or otherwise) equal to the amount of the Withholding Obligations, (f) requiring Participant to make appropriate arrangements with the Company or other Service Recipient for the satisfaction of all
Withholding Obligations, or (g) any combination of the foregoing. To the extent determined appropriate by the Company in its discretion, it will have the right (but not the obligation) to satisfy any Withholding Obligations by reducing the
amount of cash or number of Restricted Stock Unit Shares otherwise deliverable to Participant, and, until and unless determined otherwise by the Company, this will be the method by which such Withholding Obligations are satisfied. The Company will
not withhold on a fractional Share basis to satisfy any portion of the Withholding Obligations and no refund shall be made to Participant for the value of the portion of a Share, if any, withheld in excess of the Withholding Obligations. Further, if
Participant is subject to tax in more than one jurisdiction between the Date of Grant and a date of any relevant taxable or tax withholding event, as applicable, Participant has been informed that the Company and/or the Service Recipient (and/or
former employer, as applicable) may be required to withhold or account for Tax Obligations in more than one jurisdiction. If Participant fails to make satisfactory arrangements for the payment of any required Withholding Obligations or other Tax
Obligations required to be accounted for hereunder at the time of the applicable taxable event, Participant will permanently forfeit Participant’s Restricted Stock Units and any right to receive Shares or cash thereunder and the Restricted
Stock Units will be returned to the Company at no cost to the Company. Participant 

 
has been informed that the Company may refuse to pay cash or deliver the Restricted Stock Unit Shares if such Withholding Obligations are not delivered at the time they are due. 

10.    Rights as Stockholder. Neither Participant nor any person claiming under or through Participant will have
any of the rights or privileges of a stockholder of the Company in respect of any Shares deliverable or potentially deliverable hereunder unless and until certificates representing such Shares (which may be in book entry form) will have been issued,
recorded on the records of the Company or its transfer agents or registrars, and delivered to Participant (including through electronic delivery to a brokerage account). After such issuance, recordation and delivery, Participant will have all the
rights of a stockholder of the Company with respect to voting such Shares and receipt of dividends and distributions on such Shares. 

11.    No Guarantee of Continued Service. PARTICIPANT IS HEREBY NOTIFIED THAT THE VESTING OF THE RESTRICTED STOCK
UNITS PURSUANT TO THE VESTING REQUIREMENTS HEREOF SHALL OCCUR ONLY BY THE SATISFACTION OF THE VESTING REQUIREMENTS SET FORTH IN THIS AWARD AGREEMENT, AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS RESTRICTED STOCK UNIT AWARD OR RECEIVING
RESTRICTED STOCK UNIT SHARES HEREUNDER. PARTICIPANT IS FURTHER NOTIFIED THAT THIS AWARD AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING REQUIREMENTS SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED
ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO
TERMINATE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. 
 12.    Equity
Transfers. 
 (a)    Award is Not Transferable. As detailed further in this Section 12(a), no offer,
sale, transfer, assignment, pledge, hypothecation, encumbrance, or disposition, or entry into any swap, hedging or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership, or solicitation of
offers or marketing of any kind for any of the foregoing, whether direct or indirect (including through a broker, finder, intermediary or otherwise) (collectively, “Selling Arrangements”), of this Award, any Restricted Stock Units,
Restricted Stock Unit Securities (as defined below), or the rights and privileges conferred hereby in any way shall be permitted or effected (whether by operation of law, contract or otherwise), and this Award and the rights and privileges conferred
hereby will not be subject to sale under execution, attachment or similar process. For purposes of this Section, “Restricted Stock Unit Securities” means any Shares (or other securities of the Company) acquired or that may be
acquired by the Participant pursuant to the settlement of the Restricted Stock Units under this Award. Upon any attempt to engage in a Selling Arrangement with respect to this Award, any Restricted Stock Units, Restricted Stock Unit Securities, or
any right or privilege conferred hereby, or upon any attempted offer or sale under any execution, attachment or similar process, such Selling Arrangement will be void ab initio (void from the moment the attempt began), shall not be recorded on the
books of the Company and shall not be recognized or given effect by the Company. 

 
These prohibitions on transferability in this Section do not, and are not meant to, derogate the restrictions on transfer in any Company documents.
With respect to the Restricted Stock Unit Shares only (and specifically not including Restricted Stock Units), the transfer restrictions under this Section will lapse upon the expiration of the
one-hundred and eightieth (180th) day following an Exit Event, provided, however, that any lock-up,
market stand-off or similar restriction set forth in the Plan or any other Company equity incentive plan or this Award Agreement (including as set forth in Section 5) shall continue to be applicable to
Participant, this Award, the Restricted Stock Units hereunder, and any Restricted Stock Unit Securities hereunder. Without limiting the transfer and other restrictions set forth herein, the terms of this Section shall be binding upon
the Legal Representative, executors, administrators, heirs, successors and assigns of Participant who hold Restricted Stock Unit Securities now or in the future. 

(b)    Forfeiture of Award upon Unauthorized Transfer of Shares. Upon any Unauthorized Transfer, all Restricted
Stock Units (regardless of whether or not, or the extent to which, the Service-Based Requirement had been satisfied as to such Restricted Stock Units) shall automatically terminate and be cancelled upon such date, and Participant will have no
further right with respect to such Restricted Stock Units or applicable Restricted Stock Unit Securities and, for the avoidance of doubt, the Restricted Stock Units shall be treated as having never vested. An “Unauthorized Transfer”
means a determination by the Administrator (or its delegate) in its sole discretion at any time prior to settlement of the occurrence of any sale, transfer, assignment, pledge, hypothecation, encumbrance or other disposition of any Shares (whether
or not such Shares constitute Restricted Stock Unit Securities) or any other securities of the Company held by the Participant or affiliated entities (including, but not limited to, entities that are directly or indirectly controlled by, or under
common control with, the Participant, and any trusts or other estate planning vehicles established by or for the benefit of the Participant or any of the Participant’s “family members” (as defined in Rule 701(c)(3) of the Securities
Act) prior to the settlement of the Restricted Stock Units without the Company’s consent; provided, however, that the following shall not be Unauthorized Transfers: 

With respect to Shares purchased during the Expiration Window (as defined below) under a stock option granted under the Plan or another equity incentive plan
maintained by the Company, the sale or other transfer of Shares during the Expiration Window, provided that the number of Shares sold or transferred is equal to or less than the number of Shares purchased under such option during the
Expiration Window. For this purpose, “Expiration Window” means the six (6) month period prior to the expiration of the maximum term of the applicable stock option (without regard to any shorter term or earlier termination that
may apply, for example, in the event that Participant ceases to be a Service Provider). 
 13.    Nature of
Award. In receiving the Award, Participant is hereby notified that the following constitute certain of the terms, conditions, and obligations of the Award: 

(a)    the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended,
suspended or terminated by the Company at any time, to the extent permitted by the Plan; 
 (b)    the Award of
Restricted Stock Units is exceptional, voluntary and occasional and does not create any contractual or other right to receive future awards of Restricted 

 
Stock units, or similar awards, or benefits in lieu of Restricted Stock units, even if Restricted Stock units or similar awards have been awarded repeatedly in the past; 

(c)    all decisions with respect to the granting of future Restricted Stock units or other awards, if any, and the terms
of any such grants, will be at the sole discretion of the Company; 
 (d)    Participant’s participation in the
Plan shall not create a right to further employment or engagement with the Company or with Employer or be interpreted as forming or amending an employment or service relationship and shall not interfere with the ability of the Company or Employer to
terminate Participant’s employment or service relationship at any time; 
 (e)    Participant is not required to
participate in the Plan; 
 (f)    the Award of Restricted Stock Units and the Shares subject to the Restricted Stock
Units, and the income and value of same, are not intended to replace any pension rights or compensation; 
 (g)    the
Award of Restricted Stock Units and the Shares subject to the Restricted Stock Units, and the income and value of same, are not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any
severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement benefits or welfare benefits or similar payments; 

(h)    the Award of Restricted Stock Units will not be interpreted to form an employment contract or service relationship
with the Company or any Parent or Subsidiary of the Company; 
 (i)    the future value of the underlying Shares is
unknown, indeterminable and cannot be predicted with certainty; 
 (j)    unless otherwise provided by the Company in
its discretion, the Restricted Stock Units and the benefits evidenced by this Award Agreement do not create any entitlement to have the Restricted Stock Units or any such benefits transferred to, or assumed by, another company nor be exchanged,
cashed out or substituted for, in connection with any corporate transaction affecting the Shares; 
 (k)    unless
otherwise agreed with the Company, the Restricted Stock Units and the Shares subject to the Restricted Stock Units, and the income and value of same, are not granted as consideration for, or in connection with, the service Participant may provide as
a director of a Subsidiary or affiliate of the Company; 
 (l)    the Company is not providing any tax, legal or
financial advice, nor is the Company making any recommendations regarding Participant’s participation in the Plan, or Participant’s acquisition or sale of the underlying Shares. Participant is advised to consult with Participant’s own
personal tax, legal and financial advisors regarding Participant’s participation in the Plan before taking any action related to the Plan; and 

(m)    the following provisions apply only if Participant is providing, or does in the future provide, services outside
the United States: 
 (i)    no claim or entitlement to compensation or damages shall arise from forfeiture of the
Restricted Stock Units resulting from the termination of Participant as a Service 

 
Provider (for any reason whatsoever whether or not later found to be invalid or in breach of employment laws in the jurisdiction where Participant is employed or the terms of Participant’s
employment or service agreement, if any), and in consideration of the award of the Restricted Stock Units to which Participant is otherwise not entitled, Participant is not entitled to institute any claim against the Company, the Employer or
any other Parent or Subsidiary, Participant’s ability, if any, to bring any such claim is hereby waived, and the Company, the Employer or any other Parent or Subsidiary are hereby released from any such claim; if, notwithstanding the foregoing,
any such claim is allowed by a court of competent jurisdiction, arbitral tribunal, or any other proceeding or legal action, then, by participating in the Plan, Participant shall be deemed irrevocably to have agreed not to pursue such claim and to
agree to execute any and all documents necessary to request dismissal or withdrawal of such claim; 
 (ii)    neither
the Plan nor this Award Agreement form part of Participant’s terms of employment or service with the Company or any Parent or Subsidiary; and 

(iii)    Participant has been informed that neither the Company, the Employer nor any Parent or Subsidiary shall be
liable for any foreign exchange rate fluctuation between Participant’s local currency and the United States Dollar that may affect the value of the Restricted Stock Units or of any amounts due to Participant pursuant to the settlement of the
Restricted Stock Units or the subsequent sale of any Shares acquired upon settlement. 
 14.    Data Privacy. The
Company’s Privacy and Security Statement (the “External Privacy Notice”) is available online at:
https://www.palantir.com/privacy-and-security. 
 The
information in this Section is provided to Participant by the Company for the purpose of processing Personal Data (as such term is used in the External Privacy Notice) in the context of implementing, administering and managing the Plan. For the
purposes of this Section, the Company is the controller. Where local data protection laws require the appointment of a local representative, such representative will be the Company’s Data Protection Officer. A glossary of terms used in this
Section is provided below. 
 This Section applies in addition to the Company’s Employee Privacy and Security Statement. 

Participant is responsible for (i) providing the Employer and the Company with accurate and up-to-date Personal Data; and (ii) updating those Personal Data in the event of any material changes. 

For any questions related to this Section or relating to the Company’s processing of Personal Data, please contact the Data Protection
Officer at privacy@palantir.com or                     . 

For the purposes of this Section: 

“controller” means the entity that decides how and why Personal Data are processed. 

“process”, “processing” or “processed” means anything that is done with Personal Data,
including collecting, storing, accessing, using, editing, disclosing or deleting those data. 

15.    Language. If Participant has received this Award Agreement, or any other document related to the
Restricted Stock Units and/or the Plan translated into a language other 

 
than English and if the meaning of the translated version is different than the English version, the English version will control. 

16.    Appendix. The Award of Restricted Stock Units is subject to any special provisions set forth in the
country-specific appendix made available to the Participant in connection with this Award Agreement (as may be amended and/or restated from time to time). The terms and conditions within such appendix under the name of a particular country shall
apply to Participant if, at any time during which the Award of Restricted Stock Units is outstanding, Participant resides and/or is employed in that country or is otherwise subject to the laws of that country and, in such circumstances, such terms
and conditions supplement, amend and/or supersede the terms of this Award Agreement, provided, however, that that no such terms or conditions shall be effective unless such terms and conditions would result in this Restricted Stock
Unit Award remaining exempt or excepted from the requirements of Section 409A pursuant to the “short-term deferral” exception or another exception or exemption under Section 409A, or otherwise complying with Section 409A, in
each case such that none of this Award Agreement, the Restricted Stock Units provided under this Award Agreement, or Shares issuable hereunder will be subject to the additional tax imposed under Section 409A. 

17.    Imposition of Other Requirements. Subject to Section 27 of this Award Agreement, the Company reserves
the right to impose other requirements on the Restricted Stock Units and the Shares subject to the Award, to the extent the Company determines it is necessary or advisable in order to comply with local laws or facilitate the administration of the
Plan, and to require Participant to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 

18.    Restrictive Legends and Stop-Transfer Orders. 

(a)    Legends. The Company shall cause the legends set forth below or legends substantially equivalent thereto, to
be placed upon any certificate(s) evidencing ownership of the Restricted Stock Unit Shares together with any other legends that may be required by the Company or by state or federal securities laws: 

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”) AND
MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER THE ACT OR, IN THE OPINION OF COUNSEL SATISFACTORY TO THE ISSUER OF THESE SECURITIES, SUCH OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION
IS IN COMPLIANCE THEREWITH. 
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER AS SET FORTH IN THE
RESTRICTED STOCK UNIT AWARD AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH TRANSFER RESTRICTIONS ARE BINDING ON TRANSFEREES OF THESE SHARES. 

 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER FOR A
PERIOD OF TIME FOLLOWING AN “IPO EVENT” AS DEFINED AND SET FORTH IN THE RESTRICTED STOCK UNIT AWARD AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES AND MAY NOT BE SOLD OR OTHERWISE DISPOSED OF BY THE HOLDER PRIOR TO
THE EXPIRATION OF SUCH PERIOD WITHOUT THE CONSENT OF THE COMPANY, THE UNDERWRITER OR THE FINANCIAL ADVISOR. 

(b)    Stop-Transfer Notices. To ensure compliance with the restrictions referred to herein, the Company may issue
appropriate “stop transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate notations to the same effect in its own records. 

(c)    Refusal to Transfer. The Company shall not be required (i) to transfer on its books any Shares that
have been sold or otherwise transferred in violation of any of the provisions of this Award Agreement or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such
Shares shall have been so transferred. 
 19.    Address for Notices. Any notice to be given to the Company under
the terms of this Award Agreement will be addressed to the Company at Palantir Technologies Inc., 100 Hamilton Avenue, Suite 300, Palo Alto, CA 94301, Attention: Legal Department, or by email to
                     and
                    , or at such other address or through such other method as the Company may hereafter designate in writing. 

20.    Electronic Delivery. Participant is notified that the Company may deliver by email or other electronic means
all documents relating to the Plan (including, without limitation, a copy of the Plan) and the Restricted Stock Units awarded under this Award Agreement. Participant is also notified that the Company may deliver these documents by posting them on a
web site maintained by the Company or by a third party under contract with the Company. If the Company posts these documents on a web site, it will notify Participant by email or by paper communication. Participant may at any time state that he or
she does not consent to such electronic delivery of documents by emailing                     . 

21.    No Waiver. Either party’s failure to enforce any provision or provisions of this Award Agreement shall
not in any way be construed as a waiver of any such provision or provisions, nor prevent that party from thereafter enforcing each and every other provision of this Award Agreement. The rights granted both parties herein are cumulative and shall not
constitute a waiver of either party’s right to assert all other legal remedies available to it under the circumstances. 

22.    Insider Trading Restrictions/Market Abuse Laws. In addition to all other restrictions set forth in the Plan
or this Award Agreement, Participant is hereby notified that Participant may be subject to insider trading restrictions and/or market abuse laws, which may affect his or her ability to acquire or sell Shares or rights to Shares under the Plan during
such times as Participant is considered to have “inside information” regarding the Company (as defined by Applicable Laws). Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be
imposed under any applicable Company insider trading 

 
policy. Participant is hereby notified that it is his or her responsibility to comply with any applicable restrictions and Participant is advised to speak to his or her personal advisor on this
matter. 
 23.    Foreign Asset/Account Reporting Requirements. Participant is hereby notified that there may be
certain foreign asset and/or account reporting requirements which may affect Participant’s ability to acquire or hold Shares acquired under the Plan or cash received from participating in the Plan (including any dividends paid on the Shares
acquired under the Plan, if applicable) in a brokerage or bank account outside Participant’s country. Participant may be required to report such accounts, assets or transactions to the tax or other authorities in Participant’s country.
Participant may also be required to repatriate sale proceeds or other funds received as a result of participating in the Plan to Participant’s country through a designated bank or broker within a certain time after receipt. Participant is
hereby notified that it is Participant’s responsibility to be compliant with such regulations, and Participant should speak to his or her personal advisor on this matter. 

24.    Successors and Assigns. The Company may assign any of its rights and/or obligations under this Award
Agreement to single or multiple assignees, and this Award Agreement shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth, this Award Agreement shall be binding upon
Participant and his or her Legal Representative, heirs, executors, administrators, successors and assigns. The rights and obligations of Participant under this Award Agreement may only be assigned with the prior written consent of the Company. 

25.    Additional Conditions to Issuance of Stock. If at any time the Company determines, in its discretion, that
the listing, registration, qualification or rule compliance of the Shares upon any securities exchange or under any state, federal or non-United States Laws (as defined below), the tax code and related
regulations or under the rulings or regulations of the United States Securities and Exchange Commission or any other governmental regulatory body or the clearance, consent or approval of the United States Securities and Exchange Commission or any
other governmental regulatory authority is necessary or desirable as a condition to the issuance of Shares to Participant (or his or her Legal Representative as set forth in Section 8) hereunder, such issuance will not occur unless and until
such listing, registration, qualification, rule compliance, clearance, consent or approval will have been completed, effected or obtained free of any conditions not acceptable to the Company. If any such listing, registration, qualification, rule
compliance, clearance, consent or approval has not been completed by the applicable Settlement Deadline with respect to a Restricted Stock Unit in a manner that would allow it to be settled by the applicable Settlement Deadline, such Restricted
Stock Unit will be forfeited as of immediately following the Settlement Deadline for no consideration and at no cost to the Company. Subject to the terms of this Award Agreement and the Plan, the Company shall not be required to issue any
certificate or certificates for Shares hereunder prior to the lapse of such reasonable period of time following the date of vesting of a Restricted Stock Unit as the Administrator may establish from time to time for reasons of administrative
convenience and any such certificate may be in book entry form. 
 26.    Interpretation. The Administrator has
the power to interpret the Plan and this Award Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not

 
limited to, the determination of whether or not the conditions for Restricted Stock Unit vesting and any other conditions for settlement of the Award have been satisfied). All actions taken and
all interpretations and determinations made by the Administrator in good faith will be final and binding upon Participant, the Company and all other interested persons. Neither the Administrator nor any person acting on behalf of the Administrator
will be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Award Agreement. 

Any laws, regulations, rules, ordinances, codes, rules, rulings, administrative orders or other legal requirements (“Laws”)
referenced in or applicable to this Award Agreement means such Laws as from time to time amended, modified or supplemented, including by succession of comparable successor Laws. In the case of any Laws referenced in or applicable to this Award
Agreement, the Administrator shall be authorized and empowered to determine in its good faith discretion the application of any change in Laws (including new Laws, amendments, repeals, successor Laws, court or administrative orders interpreting or
relating to Laws, or otherwise) and to give effect thereto as if such Laws had been in effect on the date of this Award Agreement; provided, however, that no such action, decision or determination shall occur or be effective unless it
would result in this Restricted Stock Unit Award remaining exempt or excepted from the requirements of Section 409A pursuant to the “short-term deferral” exception or another exception or exemption under Section 409A, or
otherwise complying with Section 409A, in each case such that none of this Award Agreement, the Restricted Stock Units provided under this Award Agreement, or Shares issuable hereunder will be subject to the additional tax imposed under
Section 409A as a result of such action, decision or determination. 
 27.    Modifications to this Award
Agreement. This Award Agreement constitutes the entire understanding of the parties on the subjects covered. The acceptance of any settlement under this Award signifies Participant’s agreement that Participant is not accepting this Award or
any Shares issued hereunder in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Award Agreement or the Plan can be made only by approval of the Administrator that is memorialized in
an express written instrument executed by a duly authorized signatory of the Company. Notwithstanding anything in the Plan or this Award Agreement to the contrary, but subject to the immediately following sentence, the Administrator may, without the
consent of the Participant, modify this Award Agreement in any of the following manners (provided, however, that no such modification or deferral of issuance upon settlement of the Award shall occur or be effective unless such
modification would result in this Restricted Stock Unit Award remaining exempt or excepted from the requirements of Section 409A pursuant to the “short-term deferral” exception or another exception or exemption under
Section 409A, or otherwise complying with Section 409A, in each case such that none of this Award Agreement, the Restricted Stock Units provided under this Award Agreement, or Shares issuable hereunder will be subject to the additional tax
imposed under Section 409A): (a) take any action permitted by Section 6(c) of this Award Agreement, including to waive or decrease, in whole or in part, some or all of the requirements required for vesting of all or a portion of the
unvested Restricted Stock Units; or (b) waive or decrease some or all of the requirements for settlement of Restricted Stock Units. Notwithstanding the foregoing or anything in the Plan or this Award Agreement to the contrary, the Company
reserves the right, in its sole discretion and without the consent of Participant, to take such reasonable actions and make any amendments to the Plan and/or this 

 
Award Agreement as it deems necessary, advisable or desirable to maintain an exemption or exception from or comply with Section 409A, or to otherwise avoid imposition of any additional tax
or income recognition under Section 409A. 
 28.    Governing Law; Severability. This Award Agreement and
the Restricted Stock Units are governed by the internal substantive laws, but not the choice of law rules, of California. In the event that any provision hereof becomes or is declared by a court or arbitrator of competent jurisdiction to be illegal,
unenforceable or void, this Award Agreement shall continue in full force and effect without said provisions. 

29.    Binding Terms. The terms, conditions, obligations, and requirements of this Award Agreement shall apply as a
condition of receiving and holding the Award without the need for any manual or other execution of this Award Agreement by Participant or the Company. Notwithstanding the foregoing, however, as a condition to holding the Award and/or the vesting or
settlement of the Award, upon the Company’s request at any time, the Company may require Participant to manually or electronically sign this Award Agreement. 

30.    Entire Agreement. The Plan is incorporated herein by reference. The Plan and this Award Agreement (including
the exhibits referenced herein) constitute the entire agreement of the parties with respect to the Restricted Stock Units awarded hereunder and supersede in their entirety all prior undertakings and agreements of the Company and Participant, with
respect to the subject matter hereof. This Award Agreement may not be modified adversely to the Participant’s interest except as permitted by this Award Agreement (including, without limitation, Sections 6 and 27) or by means of a writing
signed by the Company and Participant. Without limiting the generality of the foregoing, any information or statements provided or made available by the Company on its wiki, intranet, Shareworks or other equity administration portal in use by the
Company, compensation dashboard, cloud-based services, or any other electronic or other means (collectively, “Equity Systems”) shall not constitute a term of or a modification to this Award Agreement except as specifically provided
herein, and all such information is and shall be qualified in its entirety by reference to this Award Agreement. Furthermore, for clarity, any and all formulas, notional “vesting commencement” (or the like) dates, vesting schedules or
formulas, and references to “vesting” or the like in any of the Equity Systems or Company communication are for the Company’s administrative convenience only and shall not have legal or contractual effect and shall not modify, alter,
or amend any of the terms of this Award Agreement either on a retroactive or prospective basis at any time. 

 EXHIBIT A 

REPRESENTATION STATEMENT 
  

					
	PARTICIPANT	  	:	  	
			
	COMPANY	  	:	  	Palantir Technologies Inc.
			
	SECURITIES	  	:	  	Class A Common Stock
			
	AMOUNT	  	:	  	
			
	DATE	  	:	  	

 In connection with the receipt of the above-listed Securities (the “Securities”), the
undersigned Participant represents to the Company the following: 
 (a)    Participant is aware of the Company’s
business affairs and financial condition and has acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire the Securities. Participant is acquiring these Securities for investment for
Participant’s own account only, not as a nominee or agent, and not with a view to, or for resale in connection with, any “distribution” thereof within the meaning of the Securities Act of 1933, as amended (the “Securities
Act”), and Participant has no present intention of selling, granting any participation in, or otherwise distributing the same. Participant does not have any contract, undertaking, agreement or arrangement with any person or entity to sell,
transfer or grant participations to such person or entity or to any third person, with respect to any of the Securities. 

(b)    Participant acknowledges and understands that the Securities constitute “restricted securities” under the
Securities Act and have not been registered under the Securities Act in reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of Participant’s investment intent as expressed herein.
Participant further understands that the Securities must be held indefinitely unless they are subsequently registered under the Securities Act or an exemption from such registration is available, and that such exemption may not be available.
Participant further acknowledges and understands that the Company is under no obligation to register the Securities. Participant understands that the certificate evidencing the Securities shall be imprinted with any legend required under applicable
state securities laws. 
 Participant is familiar with Rule 144, as promulgated under the Securities Act, and understands the resale limitations imposed
thereby and by the Securities Act and the other rules and regulations promulgated thereunder. 

 
	
	PARTICIPANT
	
	  

	Signature
	
	  

	Print Name
	
	  

	Date

 EXHIBIT B 

LOA POLICY – RSU SECTION 

 APPENDIX 

COUNTRY-SPECIFIC PROVISIONS 

 PALANTIR TECHNOLOGIES INC. 

AMENDED 2010 EQUITY INCENTIVE PLAN 

NOTICE OF STOCK OPTION GRANT AND STOCK OPTION AGREEMENT 

Unless otherwise defined herein, the terms defined in the Amended 2010 Equity Incentive Plan, as amended from time to time (the
“Plan”), shall have the same defined meanings in this Stock Option Agreement (this “Option Agreement”). 
  

	I.	 NOTICE OF STOCK OPTION GRANT 

The Participant has been granted an option (the “Option”) to purchase shares of the Company’s Class A Common Stock or Class B
Common Stock, as specified below, subject to the terms and conditions of the Plan, this Option Agreement, and any ancillary documents, all of which are delivered with and incorporated into this Option Agreement. 

 

			
	Name of Participant:	  	###PARTICIPANT_NAME###
	Participant Address:	  	###HOME_ADDRESS###
	Grant Number:	  	###EMPLOYEE_GRANT_NUMBER###
	Date of Grant:	  	###GRANT_DATE###
	Vesting Commencement Date:	  	###ALTERNATIVE_VEST_BASE_DATE###
	Total Number of Option Shares:	  	###TOTAL_AWARDS###
	Class of Common Stock Subject to Option:	  	Class A Common Stock
	Exercise Price Per Share:	  	###GRANT_PRICE###
	Total Exercise Price:	  	###TOTAL_EXERCISE_PRICE###
	Term/Expiration Date:	  	###EXPIRY_DATE###
	Type of Option Grant:	  	###DICTIONARY_AWARD_NAME###
	Early Exercise Permitted:	  	###ALLOW_EARLY_EXERCISE###

 Vesting Schedule Summary: 

###VEST_SCHEDULE_DESCRIPTION### 

(For the avoidance of doubt, the description above is an auto-generated narrative summary and is not intended to reflect the complete vesting
schedule. In the case of an Option that has been split into two related grants because it exceeds the ISO (as defined below) limit, the summary above applies to both related grants on a combined basis (see the “Incentive Stock Options”
section below). This summary is qualified in its entirety by the “Vesting Schedule” section below and the other terms and conditions set forth in this Option Agreement.) 

 Vesting Schedule: 

On the terms and subject to the conditions set forth in this Option Agreement, the Option shall be exercisable, in whole or in part, according
to the vesting schedule set forth in Schedule A attached hereto (as such vesting schedule may be amended or modified from time to time in accordance with this Option Agreement and the Plan); provided, however, that for the
avoidance of doubt, in the event of any conflict, discrepancy, or inconsistency between the vesting schedule set forth above and the document or action of the Company’s Board of Directors or its authorized committee approving the Option
pursuant to the Plan (the “Approval”), the Approval shall govern the initial vesting terms. Any portion of the Option that shall vest on a monthly basis per such vesting schedule shall vest on the same day of the applicable
vesting month as the Vesting Commencement Date set forth above (and if there is no corresponding day, on the last day of such month), subject to Participant continuing to be a Service Provider through each such date.

Adjustments to Vesting Schedule: 

Notwithstanding the aforementioned vesting schedule, in accordance with Section 11 of the Plan, unless the Administrator provides
otherwise or as otherwise required by Applicable Laws, (a) the vesting schedule of the Option will be adjusted or suspended during any leave of absence in accordance with the Company’s leave of absence and/or reduced work schedule and/or
part-time policy in effect at the time of such leave and (b) if, after the Date of Grant of the Option, Participant commences working on a part-time or reduced work schedule basis, the vesting schedule will be adjusted in accordance with the
Company’s reduced work schedule/ part-time policy then in effect. 
 Incentive Stock Options: 

If the Type of Option Grant above is designated as “Options (ISO),” then, as of the Date of Grant, it is expected that the
maximum number of shares subject to the Option qualify as an Incentive Stock Option (“ISO”) as defined and restricted in Section 422 of the Code, and the remaining portion, if any, constitute a Nonstatutory Stock Option
(“NSO”). Please note that NSOs may be referred to in Shareworks or in related documents or communications as “Options (NQ).” 

Please note that Incentive Stock Option qualification and status may change in the future. Please see Section 1 of Part II of this
Option Agreement for important information regarding Incentive Stock Options. 
 Termination Period: 

Subject to the applicable vesting requirements set forth in this Option Agreement, if Participant ceases to be a Service Provider, any vested
portion of the Option shall be exercisable until, and shall terminate (to the extent not exercised) on the day immediately following, the earliest to occur of: 

(a)     the third anniversary of the date that Participant ceases to be a Service Provider; or 

(b)     the Term/Expiration Date set forth above. 

Notwithstanding the foregoing, in no event may the Option be exercised after the Term/Expiration Date as provided above, and the Option may be
subject to earlier termination as provided in Section 13 of the Plan. 

	II.	 AGREEMENT 

1.     Grant of Option. The Administrator of the Company hereby grants to the Participant named in the Notice
of Stock Option Grant in Part I of this Option Agreement (“Participant”), an Option to purchase the number of Shares set forth in the Notice of Stock Option Grant included as Part I of this Option Agreement (“Notice of Stock
Option Grant”), at the exercise price per Share set forth in the Notice of Stock Option Grant (the “Exercise Price”), and subject to the terms and conditions of the Plan, which is incorporated herein by
reference. Subject to Section 18 of the Plan, in the event of a conflict between the terms and conditions of the Plan and this Option Agreement, the terms and conditions of the Plan shall prevail. 

For participants who are U.S. taxpayers, if designated in the Notice of Stock Option Grant as an ISO, the Option is intended to qualify as an
Incentive Stock Option as defined in Section 422 of the Code. Nevertheless, to the extent that it exceeds the $100,000 rule of Code Section 422(d), the Option shall be treated as a NSO. Further, if for any reason the Option (or
portion thereof) shall not qualify as an ISO, then, to the extent of such nonqualification, such Option (or portion thereof) shall be regarded as a NSO granted under the Plan. In no event shall the Administrator, the Company or any Parent or
Subsidiary or any of their respective employees or directors have any liability or obligation to reimburse, indemnify, or hold harmless Participant (or any other person) due to the failure of the Option to qualify for any reason as an ISO. 

2.     Exercise of Option. 

(a)     Right to Exercise. The Option shall be exercisable during its term in accordance with the vesting
schedule set forth in the Notice of Stock Option Grant and with the applicable provisions of the Plan and this Option Agreement, including compliance with all terms, obligations, and conditions hereof. 

(b)     Method of Exercise. The Option shall be exercisable by delivery of an exercise notice in the form
attached as Exhibit A (the “Exercise Notice”) or in a manner and pursuant to such procedures as the Administrator may determine, which shall state the election to exercise the Option, the number of Shares with respect to
which the Option is being exercised (the “Exercised Shares”), and such other representations and agreements as may be required by the Company. The Exercise Notice shall be accompanied by payment of the aggregate Exercise Price
as to all Exercised Shares, together with any applicable tax withholding. The Option shall be deemed to be exercised upon receipt by the Company of such fully executed Exercise Notice accompanied by the aggregate Exercise Price, together with
any applicable tax withholding. 
 No Shares shall be issued pursuant to the exercise of an Option unless such issuance and such exercise
comply with Applicable Laws. Assuming such compliance, for income tax purposes the Shares shall be considered transferred to Participant on the date on which the Option is exercised with respect to such Shares. 

3.     Participant’s Representations. In the event the Shares have not been registered under the U.S.
Securities Act of 1933, as amended (the “Securities Act”), at the time the Option is exercised, Participant shall, if required by the Company, concurrently with the exercise of all or any portion of the Option, deliver to the
Company his or her Investment Representation Statement in the form attached hereto as Exhibit B. 

 4.     Lock-Up
Period. Participant shall not offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose
of, directly or indirectly, any Common Stock (or other securities) of the Company or enter into any swap, hedging or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any Common Stock
(or other securities) of the Company held by Participant (other than those included in the registration) for a period specified by the representative of the underwriters of Common Stock (or other securities) of the Company not to exceed one hundred
and eighty (180) days following the effective date of any registration statement of the Company filed under the Securities Act (or such other period as may be requested by the Company or the underwriters to accommodate regulatory restrictions
on (i) the publication or other distribution of research reports and (ii) analyst recommendations and opinions, including, but not limited to, the restrictions contained in NYSE Rule 472(f)(4), or any successor provisions or
amendments thereto or NASD or FINRA equivalents). 
 Participant shall execute and deliver such other agreements as may be reasonably
requested by the Company or the underwriter which are consistent with the foregoing or which are necessary to give further effect thereto. In addition, if requested by the Company or the representative of the underwriters of Common Stock (or
other securities) of the Company, Participant shall provide, within ten (10) days of such request, such information as may be required by the Company or such representative in connection with the completion of any public offering of the
Company’s securities pursuant to a registration statement filed under the Securities Act. The obligations described in this Section 4 shall not apply to a registration relating solely to employee benefit plans on Form S-1 or Form S-8 or similar forms that may be promulgated in the future, or a registration relating solely to a Commission Rule 145 transaction on Form S-4 or similar forms that may be promulgated in the future. The Company may impose stop-transfer instructions with respect to the shares of Common Stock (or other securities) subject to the foregoing
restriction until the end of said one hundred and eighty (180) day (or other) period. Participant is hereby notified that any transferee of the Option or shares acquired pursuant to the Option shall be bound by this Section 4. 

5.     Method of Payment. Payment of the aggregate Exercise Price shall be by any of the following, or a
combination thereof, at the election of Participant: 
 (a)     cash; 

(b)     check; 

(c)     wire transfer; 

(d)     consideration received by the Company under a formal cashless exercise program adopted by the Company in
connection with the Plan; 
 (e)     surrender of other Shares which (i) shall be valued at its Fair Market Value
on the date of exercise, and (ii) must be owned free and clear of any liens, claims, encumbrances or security interests, if accepting such Shares, in the sole discretion of the Administrator, shall not result in any adverse accounting
consequences to the Company; or 
 (f)     if approved by the Company in its sole discretion, tender of a promissory
note and security agreement under such terms and conditions as the Company may determine. The Company may, in its sole discretion, allow such promissory note to also include amounts sufficient to meet any tax withholding obligations under
Section 9 of Part II of this Option Agreement. 

 6.     Restrictions on Exercise. The Option may not be
exercised until such time as the Plan has been approved by the stockholders of the Company, or if the issuance of such Shares upon such exercise or the method of payment of consideration for such shares would constitute a violation of any Applicable
Law. 
 7.     Non-Transferability of Option. 

(a)     Unless determined otherwise by the Administrator, the Option may not be sold, pledged, assigned, hypothecated, or
otherwise transferred in any manner other than by will or by the laws of descent and distribution, and may be exercised, during the lifetime of Participant, only by Participant. The terms of the Plan and this Option Agreement shall be binding upon
the executors, administrators, heirs, successors and assigns of Participant. 
 (b)     Further, during the period the
Company is relying upon the exemption from registration provided in Rule 12h-1(f)(1) promulgated under the Exchange Act (the
“Rule 12h-1(f) Exemption”) until the Company either (i) becomes subject to the reporting requirements of Section 13 or 15(d) of the
Exchange Act, or (ii) is no longer relying upon the Rule 12h-1(f) Exemption, the Option or, prior to exercise, the Shares subject to the Option, shall not be pledged, hypothecated, or otherwise
transferred or disposed of in any manner, including by entering into any short position, any “put equivalent position” or any “call equivalent position” (as defined in Rule 16a-1(h) and
Rule 16a-1(b) of the Exchange Act, respectively), other than to (x) persons who are “family members” (as defined in Rule 701(c)(3) of the Securities Act) through gifts or domestic relations
orders, or (y) an executor or guardian of Participant upon the death or disability of Participant, in each case, to the extent required for continued reliance on the Rule 12h-1(f) Exemption.
Notwithstanding the foregoing sentence, the Administrator, in its sole discretion, may determine to permit transfers to the Company or in connection with a Change in Control or other acquisition transactions involving the Company to the extent
permitted by Rule 12h-1(f) of the Exchange Ange or, if the Company is not relying on the Rule 12h-1(f) Exemption, to the extent permitted by the Plan. 

(c)     Any transfer of the Option not made in conformity with the terms of the Option shall be null and void, shall not
be recorded on the books of the Company, and shall not be recognized by the Company. 
 8.     Term of
Option. The Option may be exercised only within the term set out in the Notice of Stock Option Grant, and may be exercised during such term only in accordance with the Plan and the terms of this Option Agreement, including any
country-specific appendix attached hereto and any other exhibits hereto. 
 9.     Tax Obligations. 

(a)     Tax Withholding. Regardless of any action the Company or Participant’s employer (the
“Employer”) takes with respect to any or all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to Participant’s participation
in the Plan and legally applicable to Participant (“Tax-Related Items”), the ultimate liability for all Tax-Related Items is and remains Participant’s
responsibility and may exceed the amount, if any, actually withheld by the Company or the Employer. The Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any
Tax-Related Items in connection with any aspect of the Option, including, but not limited to, the grant, vesting or exercise of the Option, or the subsequent sale of Exercised Shares; and (ii) do not
commit to and are under no obligation to structure the terms of the grant or any aspect of the Option to reduce or eliminate Participant’s liability for Tax-Related Items or achieve

 
any particular tax result. Further, if Participant has become subject to tax in more than one jurisdiction, the Company and/or the Employer (or former employer, as applicable) may be
required and shall be permitted to withhold or account for Tax-Related Items in more than one jurisdiction. 

Prior to the relevant taxable or tax withholding event, as applicable, Participant will be obligated to pay or make adequate arrangements
satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items. In this regard, the Company and/or the Employer, or their respective agents, at their discretion, are permitted and
authorized to satisfy the obligations with regard to all Tax-Related Items, in whole or in part, by one or a combination of the following at the Company’s election: (i) paying cash,
(ii) electing to have the Company withhold otherwise deliverable Exercised Shares having a Fair Market Value equal to the minimum statutory amount required to be withheld, (iii) selling a sufficient number of Shares otherwise deliverable
to Participant through such means as the Administrator may determine in its sole discretion (whether through a broker or otherwise) equal to the amount required to be withheld, or (iv) any method determined by the Administrator or the Company
to be in compliance with Applicable Laws.
 Depending on the withholding method, the Company or the Employer may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding rates or other applicable withholding rates, including maximum applicable rates in Participant’s jurisdictions, in which case,
Participant may receive a refund of any over-withheld amount in cash and will have no entitlement to the equivalent in Common Stock. If the obligation for Tax-Related Items is satisfied by withholding in
Shares, for tax purposes, Participant is deemed to have been issued the full number of Exercised Shares subject to the exercised Options, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of Participant’s participation in the Plan. 

Finally, Participant shall be obligated to pay to the Company or the Employer any amount of
Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of Participant’s participation in the Plan that cannot be satisfied by the means previously
described. The Company may refuse to honor the exercise and refuse to issue or deliver the Exercised Shares if Participant fails to comply with Participant’s obligations in connection with the
Tax-Related Items. 
 (b)     Notice of Disqualifying Disposition of ISO
Shares. For U.S. taxpayers, if the Option granted to Participant herein is an ISO, and if Participant sells or otherwise disposes of any of the Exercised Shares acquired pursuant to the ISO on or before the later of (i) the date two
(2) years after the Date of Grant, or (ii) the date one (1) year after the date of exercise, Participant shall be obligated to immediately notify the Company in writing of such disposition. Participant is hereby notified that
Participant may be subject to U.S. income tax withholding by the Company on the compensation income recognized by Participant. 

(c)     Code Section 409A. For U.S. taxpayers, under Code Section 409A, a stock right
(such as the Option) that vests after December 31, 2004 (or that vested on or prior to such date but which was materially modified after October 3, 2004) that was granted with a per share exercise price that is determined by the U.S.
Internal Revenue Service (the “IRS”) to be less than the fair market value of an underlying share on the date of grant (a “discount option”) may be considered “deferred compensation.” A stock right
that is a “discount option” may result in (i) income recognition by the recipient of the stock right prior to the exercise of the stock right, (ii) an additional twenty percent (20%) U.S. federal income tax, and
(iii) potential penalty and interest charges. The “discount option” may also result in additional U.S. state income, penalty and interest tax to the recipient of the stock right. Participant is hereby notified

 
that the Company cannot and has not guaranteed that the IRS will agree that the per Share exercise price of the Option equals or exceeds the fair market value of a Share on the Date of Grant in a
later examination. Participant is hereby notified that if the IRS determines that the Option was granted with a per Share exercise price that was less than the fair market value of a Share on the Date of Grant, Participant shall be solely
responsible for Participant’s costs related to such a determination.
 10.    Nature of Grant. In receiving
the grant, Participant is hereby notified that the following constitute certain of the terms, conditions, and obligations of receiving, holding, and exercising the Option: 

(a)     the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended,
suspended or terminated by the Company at any time, to the extent permitted by the Plan; 
 (b)     the grant of the
Option is exceptional, voluntary and occasional and does not create any contractual or other right to receive future grants of options, or benefits in lieu of options, even if options have been granted repeatedly in the past; 

(c)     all decisions with respect to future option grants, if any, will be at the sole discretion of the Administrator;

 (d)     the grant of the Option and Participant’s participation in the Plan shall not create a right to further
employment or engagement with the Company or with Employer or be interpreted as forming or amending an employment or service relationship and shall not interfere with the ability of the Company or Employer to terminate Participant’s employment
or service relationship at any time; 
 (e)     Participant is voluntarily participating in the Plan; 

(f)     the Option and the Shares subject to the Option, and the income from and value of same, are not intended to
replace any pension rights or compensation; 
 (g)     the Option and the Shares subject to the Option, and the income
from and value of same, are not part of normal or expected compensation or salary for purposes of, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses,
long-service awards, pension or retirement benefits or welfare benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Company or the Employer or any Subsidiary of the
Company; 
 (h)     the future value of the underlying Shares is unknown, indeterminable, and cannot be predicted with
certainty; 
 (i)     if the underlying Shares do not increase in value, the Option will have no value; 

(j)     if Participant exercises the Option and acquires the underlying Shares, the value of such underlying Shares may
increase or decrease in value, even below the Exercise Price; 
 (k)     no claim or entitlement to compensation or
damages shall arise from forfeiture of the Option after Participant ceases to be a Service Provider (for any reason whatsoever and whether or not later found to be invalid or in breach of employment or other laws in the jurisdiction where
Participant is 

 
employed or otherwise rendering services or the terms of Participant’s employment or service agreement, if any) and in consideration of the grant of the Option to which Participant is
otherwise not entitled, Participant irrevocably agrees that, as a condition to receiving and holding the Option, Participant shall never institute any claim against the Company and the Employer, Participant’s ability, if any, to bring any such
claim is hereby waived, and the Company and the Employer are hereby released from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, Participant
shall be deemed irrevocably to have agreed not to pursue such claim and to agree to execute any and all documents necessary to request dismissal or withdrawal of such claims; 

(l)     unless otherwise agreed with the Company, the Option and the Shares subject to the Option, and the income from and
value of same, are not granted as consideration for, or in connection with, any service Participant may provide as a director of the Company or any Parent or Subsidiary; 

(m)    should Participant cease to be a Service Provider (for any reason whatsoever and whether or not later found to be
invalid or in breach of employment or other laws in the jurisdiction where Participant is employed or otherwise rendering services or the terms of Participant’s employment or service agreement, if any), (i) Participant’s right to vest in
the Option under the Plan, if any, will terminate effective as of the date that Participant is no longer actively employed and (ii) Participant’s right to exercise the Option after termination, if any, will be measured from such date; the
Administrator shall have the exclusive discretion to determine when Participant is no longer actively employed for purposes of the Option; 

(n)     the Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations
regarding Participant’s participation in the Plan, or Participant’s acquisition or sale of the underlying Shares Participant is advised to consult with Participant’s own personal tax, legal and financial advisors regarding
Participant’s participation in the Plan before taking any action related to the Plan; and 
 (o)     the following
provisions apply to Participant if Participant is providing services outside the United States: 
 (i) the Option and the Shares
subject to the Option, and the income from and value of same, are not part of normal or expected compensation or salary for any purposes; and 

(ii) neither the Company, the Employer nor any other Subsidiary shall be liable for any foreign exchange rate fluctuation between
Participant’s local currency and the U.S. Dollar that may affect the value of the Option or of any amounts due to Participant pursuant to the exercise of the Option or the subsequent sale of Shares acquired upon exercise of the Option.

 11.    Data Privacy. The Company’s Privacy and Security Statement (the “External Privacy
Notice”) is available online at: https://www.palantir.com/privacy-and-security. 

The information in this Section 11 of this Part II of this Option Agreement is provided to Participants by the Company for the purpose of
processing Personal Data (as defined in the External Privacy Notice) in the context of implementing, administering and managing the Plan. For the purposes of this Section 11, the Company is the controller. Where local data protection laws
require the appointment of a local representative, such representative will be the Company’s Data Protection Officer. A glossary of terms used in this section is provided below. 

 This section applies in addition to the Company’s Employee Privacy and Security
Statement. 
 Participant is responsible for: (i) providing the Employer and the Company with accurate and up-to-date Personal Data; and (ii) updating those Personal Data in the event of any material changes. 

For any questions related to this section or relating to the Company’s processing of Personal Data, please contact the Data Protection
Officer at privacy@palantir.com or                     . 

For the purposes of this Section: 

‘controller’ means the entity that decides how and why Personal Data are processed. 

‘process’, ‘processing’ or ‘processed’ means anything that is done with Personal Data, including collecting,
storing, accessing, using, editing, disclosing or deleting those data. 
 12.    Language. If Participant
has received this Option Agreement, or any other document related to the Option and/or the Plan translated into a language other than English and if the meaning of the translated version is different than the English version, the English version
will control. 
 13.    Severability. The provisions of this Option Agreement are severable, and if any one
or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 

14.    Appendix. The Option shall be subject to any special provisions set forth in the country-specific
appendix for Participant’s country of residence. If Participant relocates to one of the countries included in the Appendix during the life of the Option, the special provisions for such country shall apply to Participant, to the extent the
Company determines that the application of such provisions is necessary or advisable for legal or administrative reasons. The country-specific appendix constitutes part of this Option Agreement. 

15.    Imposition of Other Requirements. The Company reserves the right to impose other requirements on the
Option and the Shares subject to the Option, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to require Participant to sign any additional agreements or undertakings that may be necessary to
accomplish the foregoing. 
 16.    Entire Agreement. The Plan is incorporated herein by reference. The
Plan and this Option Agreement (including the country-specific appendix and any other exhibits hereto) constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings
and agreements of the Company and Participant with respect to the subject matter hereof, and may not be modified adversely to Participant’s interest except by means of a writing signed by the Company and Participant.

17.    Governing Law and Venue. This Option Agreement is governed by, and construed in accordance with, the
internal substantive laws but not the choice of law rules of California. For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by this grant or this Option Agreement, the Company
and, as a condition of receiving and holding the Option, Participant, hereby submit to and consent to the exclusive jurisdiction of the State of California and agree that such litigation shall be conducted only in the courts of Santa
Clara, California, United States of America or the federal courts for the United States for the Northern District of California, and no other courts, where this grant is made and/or to be performed. 

 18.    No Guarantee of Continued Service. PARTICIPANT IS
HEREBY NOTIFIED THAT THE VESTING OF SHARES PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER. PARTICIPANT
FURTHER IS HEREBY NOTIFIED THAT THIS OPTION AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING
PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE PARTICIPANT’S RELATIONSHIP AS A
SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE, EXCEPT AS OTHERWISE PROVIDED UNDER APPLICABLE LAWS. 

19.    Miscellaneous. Participant has received a copy of the Plan and is responsible for being familiar with
the terms and provisions thereof, and is receiving and shall hold the Option subject to all of the terms and provisions thereof, including any terms and conditions for Participant’s country included in the country-specific appendix and the
terms and conditions of any other exhibit hereto. Participant is responsible for reviewing the Plan and the Option in their entirety, has been given an opportunity to obtain the advice of counsel prior to executing the Option and is responsible
for fully understanding all provisions of the Option. As a condition to receiving and holding the Option, Participant shall be obligated to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any
questions arising under the Plan or the Option. Participant is further responsible for notifying the Company upon any change in the residence address indicated in the Notice of Stock Option Grant. 

20.    Waiver. Participant is hereby notified that a waiver by the Company of breach of any provision of this
Option Agreement shall not operate or be construed as a waiver of any other provision of this Option Agreement, or of any subsequent breach of this Option Agreement. 

21.    Insider Trading Restrictions/Market Abuse Laws. Participant is hereby notified that Participant may be
subject to insider trading restrictions and/or market abuse laws, which may affect his or her ability to acquire or sell Shares or rights to Shares under the Plan during such times as Participant is considered to have “inside information”
regarding the Company (as defined by Applicable Laws). Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable Company insider trading
policy. Participant is hereby notified that it is his or her responsibility to comply with any applicable restrictions and Participant is advised to speak to his or her personal advisor on this matter. 

22.    Foreign Asset/Account Reporting Requirements. Participant is hereby notified that there may be certain
foreign asset and/or account reporting requirements which may affect Participant’s ability to acquire or hold Shares acquired under the Plan or cash received from participating in the Plan (including any dividends paid on the Shares acquired
under the Plan, if applicable) in a brokerage or bank account outside Participant’s country. Participant may be required to report such accounts, assets or transactions to the tax or other authorities in Participant’s
country. Participant also may be required to repatriate sale proceeds or other funds received as a result of participating in the Plan to Participant’s country through a designated bank or broker within a certain time after
receipt. Participant is hereby notified that it is Participant’s responsibility to be compliant with such regulations, and Participant should speak to his or her personal advisor on this matter. 

 23.    Binding Terms. The terms, conditions, obligations,
and requirements of this Option Agreement shall apply as a condition of receiving and holding the Option without the need for any manual or other execution of this Option Agreement by Participant or the Company. Notwithstanding the foregoing,
however, as a condition to holding and/or exercising the Option, upon the Company’s request at any time, the Company may require Participant to manually or electronically sign this Option Agreement. 

24.    Additional Terms / Notifications. Participant is hereby notified that the Option is granted under and
governed by the terms and conditions of the Plan, this Option Agreement, and any ancillary documents, all of which are delivered herewith and fully incorporated herein as a part of this document. 

Participant is in receipt of, and is responsible for understanding and complying with, this Option Agreement, the Plan, and any ancillary
documents. Participant further is notified that as of the Date of Grant, this Option Agreement, the Plan, and any ancillary documents set forth the entire understanding between Participant and the Company regarding the Option and supersede all prior
oral and written agreements on that subject. 
 Participant is further notified that the Company may deliver by email or other electronic
means all documents relating to the Plan or the Option (including, without limitation, a copy of the Plan) other equity awards granted to Participant, and all other documents that the Company is required to deliver to its security holders
(including, without limitation, disclosures that may be required by the U.S. Securities and Exchange Commission). Participant is also notified that the Company may deliver these documents by posting them on a web site maintained by the Company or by
a third party under contract with the Company. If the Company posts these documents on a web site, it will notify Participant by email or by paper communication. Participant may at any time withdraw consent to such electronic delivery of documents
by emailing                     . 

Participant may obtain a paper copy at any time (and at the Company’s expense) by requesting one from
                    . 
 PARTICIPANT IS HEREBY
INSTRUCTED TO ALSO READ THE ATTACHED SUPPORTING DOCUMENTS, WHICH INCLUDE IMPORTANT TERMS AND CONDITIONS THAT APPLY TO THE OPTION GRANT. 

 Schedule A 

Vesting Schedule 

###VEST_SCHEDULE_TABLE### 

 EXHIBIT A 

2010 EQUITY INCENTIVE PLAN 

EXERCISE NOTICE 
 Palantir Technologies
Inc. 
 100 Hamilton Ave., Suite 300 
 Palo Alto, CA 94301 

Attention: Chief Executive Officer 
  

	 	1.	 Exercise of Option. Effective as of today,
            ,         , the undersigned (“Participant”) hereby elects to exercise Participant’s option (the “Option”) to
purchase                      shares of Class
                     Common Stock (the “Shares”) of Palantir Technologies Inc. (the “Company”) under and pursuant to the 2010
Equity Incentive Plan (the “Plan”) and the Stock Option Agreement, including any country-specific appendix and any other exhibits to the Stock Option Agreement, dated
            ,          (the “Option Agreement”). 

 

	 	2.	 Delivery of Payment. Participant herewith delivers to the Company the full purchase price of the Shares,
as set forth in the Option Agreement, and any and all income tax, social insurance, payroll tax, payment on account or other tax-related withholdings related to Participant’s participation in the Plan and
legally applicable to Participant in connection with the exercise of the Option (“Tax-Related Items”). 

  

	 	3.	 Representations of Participant. Participant acknowledges that Participant has received, read and
understood the Plan and the Option Agreement, acknowledges and agrees that the Option is subject to, and Participant agrees to abide and be bound by, their terms and conditions. Participant has manually or electronically signed the Option Agreement
if so requested by the Company. 

  

	 	4.	 Rights as Stockholder. Until the issuance of the Shares (as evidenced by the appropriate entry on the
books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder shall exist with respect to the Common Stock subject to an Award, notwithstanding the exercise of
the Option. The Shares shall be issued to Participant as soon as practicable after the Option is exercised in accordance with the Option Agreement. No adjustment shall be made for a dividend or other right for which the record date is prior to the
date of issuance except as provided in Section 13 of the Plan. 

  

	 	5.	 Company’s Right of First Refusal. Before any Shares held by Participant or any transferee (either
being sometimes referred to herein as the “Holder”) may be sold or otherwise transferred (including transfer by gift, operation of law or upon the Participant’s death or disability), the Company or its assignee(s) shall have a right
of first refusal to purchase the Shares on the terms and conditions set forth in this Section 5 (the “Right of First Refusal”). For the avoidance of doubt, the Right of First Refusal shall apply to any transfer in connection with the
Participant’s death, including but not limited to a transfer by will or intestacy, as well as upon a transfer during the Participant’s lifetime to a legal representative (including a guardian or conservator) of the Participant upon the
disability of the Participant. 

 (a) Notice of Proposed Transfer. The Holder of the
Shares shall deliver to the Company a written notice (the “Notice”) stating: (i) the Holder’s bona fide intention to sell or otherwise 

 
transfer such Shares; (ii) the name of each proposed purchaser or other transferee (“Proposed Transferee”); (iii) the number of Shares to be transferred to each Proposed
Transferee; and (iv) the bona fide cash price or other consideration, if any, for which the Holder proposes to transfer the Shares (the “Offered Price”), and the Holder shall offer the Shares at the Offered Price to the Company or its
assignee(s). If the transfer is for no consideration, the Offered Price shall be deemed to be the Fair Market Value of the Shares on the date of the Notice. By way of example but not limitation, upon a transfer that otherwise would occur by
will or intestacy upon the Participant’s death, the Offered Price shall be deemed to be the Fair Market Value of the Shares on the date of the Notice. The transfer of any Shares shall be subject to the restrictions on transfer, if any, set
forth in the Company’s certificate of incorporation or bylaws. 
 (b) Exercise of Right of First Refusal. At any
time within thirty (30) days after receipt of the Notice, the Company and/or its assignee(s) may, by giving written notice to the Holder, elect to purchase all, but not less than all, of the Shares proposed to be transferred to any one or more
of the Proposed Transferees, at the purchase price determined in accordance with subsection (c) below. 
 (c)
Purchase Price. The purchase price (“Purchase Price”) for the Shares purchased by the Company or its assignee(s) under this Section 5 shall be the Offered Price. If the Offered Price includes consideration other than cash,
the cash equivalent value of the non-cash consideration shall be determined by the Board of Directors of the Company in good faith. 

(d) Payment. Payment of the Purchase Price shall be made, at the option of the Company or its assignee(s), in cash (by
check), by cancellation of all or a portion of any outstanding indebtedness of the Holder to the Company (or, in the case of repurchase by an assignee, to the assignee), or by any combination thereof within thirty (30) days after receipt of the
Notice or in the manner and at the times set forth in the Notice. 
 (e) Holder’s Right to Transfer. Subject to
the restrictions on transfer, if any, set forth in the Company’s certificate of incorporation or bylaws, if all of the Shares proposed in the Notice to be transferred to a given Proposed Transferee are not purchased by the Company and/or
its assignee(s) as provided in this Section 5, then the Holder may sell or otherwise transfer such Shares to that Proposed Transferee at the Offered Price or at a higher price, provided that such sale or other transfer is consummated within
sixty (60) days after the date of the Notice, that any such sale or other transfer is effected in accordance with any applicable securities laws and that the Proposed Transferee agrees in writing that the provisions of this Section 5 shall
continue to apply to the Shares in the hands of such Proposed Transferee. In addition to the restrictions enumerated in the foregoing sentence, and unless otherwise determined by the Administrator, Holder may not sell or otherwise transfer such
Shares to a Proposed Transferee if such Proposed Transferee is an individual, company or other entity identified by the Company as a potential competitor or is otherwise considered unfriendly to the interests of the Company by the Board of Directors
of the Company. If the Shares described in the Notice are not transferred to the Proposed Transferee within such period, a new Notice shall be given to the Company, and the Company and/or its assignees shall again be offered the Right of First
Refusal before any Shares held by the Holder may be sold or otherwise transferred. The terms of this Section 5(e) may be waived by the Company in its sole discretion. In the case of any transfer effected in accordance with this
Section 5(e), the transferee, assignee or other recipient must have agreed in writing that they are receiving and will hold the Shares subject to the provisions of this Section 5 and Section 6, and there shall be no further transfer
of such Shares except in accordance with this Section 5 or Section 6. 

 (f) Exception for Tax or Estate Planning. Notwithstanding
anything to the contrary contained in this Section 5, the Participant’s transfer of the Shares during the Participant’s lifetime or on the Participant’s death by beneficiary designation (if validly designated under
applicable law), will or intestacy, in each case that is effected for estate or tax planning purposes pursuant to a gift or other transfer without consideration to a single transferee shall be exempt from the provisions of this Section 5;
provided, however, that except with respect to a transfer required by a domestic relations order, until and unless the restrictions of this Section 5(f) have terminated pursuant to Section 5(g), any such transfer (1) must
result in the transfer of all of Participant’s Shares and other shares of Company common stock then held by Participant to such transferee, and (2) Participant or Participant’s legal representative (including a guardian or
conservator) must agree that any shares of Company common stock acquired by Participant or Participant’s estate or beneficiary (if validly designated under applicable law) after the date of such transfer will be automatically transferred,
without further action by the Participant or such legal representative, to the same transferee such that neither the transfer nor any subsequent acquisition of Company common stock results in any shares of Company common stock being “held of
record” (as such term is defined in Rule 12g5-1 promulgated under the U.S. Securities Exchange Act of 1934) by a larger number of stockholders of the Company following such transfer or subsequent
acquisition. Any such transferee must have agreed in writing that they are receiving and holding the Shares subject to the provisions of this Section 5 and Section 6, and there shall be no further transfer of such Shares except in
accordance with this Section 5 or Section 6.
 (g) Termination of Right of First Refusal. The Right of
First Refusal shall terminate as to any Shares upon the earlier of (i) the first sale of Common Stock of the Company to the general public, or (ii) a Change in Control in which the successor corporation has equity securities that are
publicly traded. 
  

	 	6.	 Right of Repurchase. 

(a) Repurchase Right. If Participant’s status as a Service Provider is terminated as a result of Participant’s
death, the Company shall have the right and option for ninety (90) days from such date to purchase from the personal representative of the Participant’s estate, the Participant’s validly designated beneficiary or from any person(s) to
whom the Shares are transferred pursuant to the Participant’s will or in accordance with the laws of descent and distribution, as the case may be (the “Legal Representative”), all of Participant’s Shares acquired pursuant to this
Option as of the date of such termination at the Fair Market Value of such Shares (as determined under the Plan) on the date of such termination (the “Right of Repurchase”). 

(b) Exercise of Right of Repurchase. Upon the occurrence of such termination as a result of Participant’s death,
the Company may exercise its Right of Repurchase by delivering personally or by registered mail, to Participant’s Legal Representative, a notice in writing indicating the Company’s intention to exercise the Right of Repurchase AND, at the
Company’s option, (i) by delivering to Participant’s Legal Representative a check in the amount of the aggregate repurchase price, or (ii) by the Company canceling an amount of Participant’s indebtedness to the Company equal
to the aggregate repurchase price, or (iii) by a combination of (i) and (ii) so that the combined payment and cancellation of indebtedness equals such aggregate repurchase price. Upon delivery of such notice and payment of the
aggregate repurchase price in any of the ways described above, the Company shall become the legal and beneficial owner of the Shares being repurchased and the rights and interests therein or relating thereto, and the Company shall have the right to
retain and transfer to its own name the number of Shares being repurchased by the 

 
Company. 
 (c) Designation. Whenever the Company shall
have the right to repurchase Shares hereunder, the Company may designate and assign one or more employees, officers, directors or shareholders of the Company or other persons or organizations to exercise all or a part of the Company’s Right of
Repurchase under this Exercise Notice and purchase all or a part of such Shares. 
 (d) Exception for Tax or Estate
Planning. Notwithstanding anything to the contrary contained in this Section 6, the Participant’s transfer of the Shares during the Participant’s lifetime or on the Participant’s death by beneficiary designation, will or
intestacy, in each case that is effected for estate or tax planning purposes pursuant to a gift or other transfer without consideration to a single transferee shall be exempt from the provisions of this Section 6; provided, however,
that except with respect to a transfer required by a domestic relations order, until and unless the restrictions of this Section 6(d) have terminated pursuant to Section 6(f), any such transfer (1) must result in the transfer of all
of Participant’s Shares and other shares of Company common stock then held by Participant to such transferee, and (2) Participant or Participant’s legal representative (including a guardian or conservator) must agree that any shares
of Company common stock acquired by Participant or Participant’s estate or beneficiary after the date of such transfer will be automatically transferred, without further action by the Participant or such legal representative, to the same
transferee such that neither the transfer nor any subsequent acquisition of Company common stock results in any shares of Company common stock being “held of record” (as such term is defined in Rule
12g5-1 promulgated under the U.S. Securities Exchange Act of 1934) by a larger number of stockholders of the Company following such transfer or subsequent acquisition. Any such transferee must have agreed
in writing that they are receiving and holding the Shares subject to the provisions of Section 5 and this Section 6, and there shall be no further transfer of such Shares except in accordance with Section 5 or this Section 6.

 (e) Termination for Failure to Exercise. If the Company does not elect to exercise the Right of Repurchase
conferred above by giving the requisite notice within ninety (90) days following the date of such termination, the Right of Repurchase shall terminate. 

(f) Termination. Notwithstanding the foregoing, the Right of Repurchase shall terminate as to any Shares upon the
earlier of (i) the first sale of Common Stock of the Company to the general public, or (ii) a Change in Control of the Company in which the successor corporation has equity securities that are publicly traded. 

 

	 	7.	 Waiver. The provisions of Sections 5 and 6 may be waived, with respect to any transaction subject
thereto, by the Board; provided, however, that the restrictions and requirements set forth in Section 5 and 6 shall continue to apply to the Shares subsequent to such transaction. 

 

	 	8.	 Tax Consultation. Participant understands that Participant may suffer adverse tax consequences with
respect to Tax-Related Items as a result of Participant’s purchase or disposition of the Shares. Participant represents that Participant has consulted with any tax consultants Participant deems advisable
in connection with the purchase or disposition of the Shares and that Participant is not relying on the Company for any advice related to Tax-Related Items. 

 

	 	9.	 Restrictive Legends and Stop-Transfer Orders. 

(a) Legends. This Exercise Notice shall constitute the notice required by Section 151(f) of

 
the General Corporation Law of the State of Delaware in respect of the Company’s authorization to issue more than one class of stock or more than one series of any class of stock as well as
any restrictions on transfer or ownership in respect of the Shares. Participant is deemed to have notice of the following and understands and agrees that, in the event the Shares are or become represented by certificates, the Company shall
cause the legends set forth below or legends substantially equivalent thereto, to be placed upon such certificate(s) evidencing ownership of the Shares together with any other legends that may be required by the Company or by U.S. state or federal,
as well as foreign securities laws: 
 THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933 (THE
“ACT”) AND MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER THE ACT OR, IN THE OPINION OF COUNSEL SATISFACTORY TO THE ISSUER OF THESE SECURITIES, SUCH OFFER, SALE OR TRANSFER,
PLEDGE OR HYPOTHECATION IS IN COMPLIANCE THEREWITH. 
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON
TRANSFER, A RIGHT OF FIRST REFUSAL AND A RIGHT OF REPURCHASE HELD BY THE ISSUER OR ITS ASSIGNEE(S) AS SET FORTH IN THE EXERCISE NOTICE BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL
OFFICE OF THE ISSUER. SUCH TRANSFER RESTRICTIONS, RIGHT OF FIRST REFUSAL AND RIGHT OF REPURCHASE ARE BINDING ON TRANSFEREES OF THESE SHARES. 

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER FOR A PERIOD OF TIME FOLLOWING THE EFFECTIVE DATE OF THE
UNDERWRITTEN PUBLIC OFFERING OF THE COMPANY’S SECURITIES SET FORTH IN AN AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES AND MAY NOT BE SOLD OR OTHERWISE DISPOSED OF BY THE HOLDER PRIOR TO THE EXPIRATION OF SUCH PERIOD
WITHOUT THE CONSENT OF THE COMPANY OR THE MANAGING UNDERWRITER. 
 (b) Stop-Transfer Notices. Participant agrees
that, in order to ensure compliance with the restrictions referred to herein, the Company may issue appropriate “stop transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make
appropriate notations to the same effect in its own records. 
 (c) Refusal to Transfer. The Company shall not be
required (i) to transfer on its books any Shares that have been sold or otherwise transferred in violation of any of the provisions of this Exercise Notice or (ii) to treat as owner of such Shares or to accord the right to vote or pay
dividends to any purchaser or other transferee to whom such Shares shall have been so transferred. 
 (d) Void
Transfers. Any transfer not made in conformity with the terms of this Exercise Notice shall be null and void. 

	 	10.	 Successors and Assigns. The Company may assign any of its rights under this Exercise Notice to single or
multiple assignees, and this Exercise Notice shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth, this Exercise Notice shall be binding upon Participant and his or her
heirs, executors, administrators, successors and assigns. 

  

	 	11.	 Interpretation. Any dispute regarding the interpretation of this Exercise Notice shall be submitted by
Participant or by the Company forthwith to the Administrator, which shall review such dispute at its next regular meeting. The resolution of such a dispute by the Administrator shall be final and binding on all parties. 

 

	 	12.	 Governing Law; Severability. This Exercise Notice is governed by the internal substantive laws, but not
the choice of law rules, of California. In the event that any provision hereof becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Exercise Notice shall continue in full force and effect.

  

	 	13.	 Entire Agreement. The Plan and Option Agreement, including any country-specific appendix and any other
exhibits to the Option Agreement, are incorporated herein by reference. This Exercise Notice, the Plan, the Option Agreement (including any country-specific appendix and any other exhibits to the Option Agreement) and the Investment
Representation Statement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and Participant with respect to the subject matter
hereof, and may not be modified adversely to the Participant’s interest except by means of a writing signed by the Company and Participant. 

 IN WITNESS WHEREOF, the parties have executed this Exercise Notice as of the date first above written. 

 

					
	Submitted by:	 		 	Accepted by:
			
	PARTICIPANT	 		 	PALANTIR TECHNOLOGIES INC.
			
	  
	 		 	  

	Signature	 		 	By
			
	  
	 		 	  

	Print Name	 		 	Print Name
			
		 		 	  

		 		 	Title
			
	Address:	 		 	Address:
			
	  
	 		 	 100 Hamilton Avenue, Suite 300

			
	  
	 		 	 Palo Alto, CA 94301

			
		 		 	  

		 		 	Date Received

 EXHIBIT B 

INVESTMENT REPRESENTATION STATEMENT 
  

					
	PARTICIPANT	  	:	  	
			
	COMPANY	  	:	  	PALANTIR TECHNOLOGIES INC.
			
	SECURITY	  	:	  	CLASS __ COMMON STOCK
			
	AMOUNT	  	:	  	
			
	DATE	  	:	  	

 In connection with the purchase of the above-listed Securities, the undersigned Participant represents to the Company the
following: 
 (a) Participant is aware of the Company’s business affairs and financial condition and has acquired sufficient
information about the Company to reach an informed and knowledgeable decision to acquire the Securities. Participant is acquiring these Securities for investment for Participant’s own account only and not with a view to, or for resale in
connection with, any “distribution” thereof within the meaning of the U.S. Securities Act of 1933, as amended (the “Securities Act”). 

(b) Participant acknowledges and understands that the Securities constitute “restricted securities” under the Securities Act and
have not been registered under the Securities Act in reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of Participant’s investment intent as expressed herein. In this
connection, Participant understands that, in the view of the U.S. Securities and Exchange Commission, the statutory basis for such exemption may be unavailable if Participant’s representation was predicated solely upon a present intention to
hold these Securities for the minimum capital gains period specified under tax statutes, for a deferred sale, for or until an increase or decrease in the market price of the Securities, or for a period of one (1) year or any other fixed period
in the future. Participant further understands that the Securities must be held indefinitely unless they are subsequently registered under the Securities Act or an exemption from such registration is available. Participant further
acknowledges and understands that the Company is under no obligation to register the Securities. Participant understands that the certificate evidencing the Securities shall be imprinted with any legend required under applicable state
securities laws. 
 (c) Participant is familiar with the provisions of Rule 701 and Rule 144, each promulgated under the
Securities Act, which, in substance, permit limited public resale of “restricted securities” acquired, directly or indirectly from the issuer thereof, in a non-public offering subject to the
satisfaction of certain conditions. Rule 701 provides that if the issuer qualifies under Rule 701 at the time of the grant of the Option to Participant, the exercise shall be exempt from registration under the Securities Act. In
the event the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, ninety (90) days thereafter (or such longer period as any market
stand-off agreement may require) the Securities exempt under Rule 701 may be resold, subject to the satisfaction of the applicable conditions specified by Rule 144, including in the case of
affiliates (1) the availability of certain public information about the Company, (2) the amount of Securities being sold during any three 

 
(3) month period not exceeding specified limitations, (3) the resale being made in an unsolicited “broker’s transaction”, transactions directly with a “market maker”
or “riskless principal transactions” (as those terms are defined under the Securities Exchange Act of 1934) and (4) the timely filing of a Form 144, if applicable. 

In the event that the Company does not qualify under Rule 701 at the time of grant of the Option, then the Securities may be resold in
certain limited circumstances subject to the provisions of Rule 144, which may require (i) the availability of current public information about the Company; (ii) the resale to occur more than a specified period after the purchase and
full payment (within the meaning of Rule 144) for the Securities; and (iii) in the case of the sale of Securities by an affiliate, the satisfaction of the conditions set forth in sections (2), (3) and (4) of the paragraph
immediately above. 
 (d) Participant further understands that in the event all of the applicable requirements of Rule 701 or 144 are
not satisfied, registration under the Securities Act, compliance with Regulation A, or some other registration exemption shall be required; and that, notwithstanding the fact that Rules 144 and 701 are not exclusive, the Staff of the U.S. Securities
and Exchange Commission has expressed its opinion that persons proposing to sell private placement securities other than in a registered offering and otherwise than pursuant to Rules 144 or 701 shall have a substantial burden of proof in
establishing that an exemption from registration is available for such offers or sales, and that such persons and their respective brokers who participate in such transactions do so at their own risk. Participant understands that no assurances
can be given that any such other registration exemption shall be available in such event. 
  

	
	PARTICIPANT
	
	  

	Signature
	
	  

	Print Name
	
	  

	Date

 APPENDIX 

COUNTRY-SPECIFIC PROVISIONS 

 PALANTIR TECHNOLOGIES INC. 

AMENDED 2010 EQUITY INCENTIVE PLAN 

GROWTH UNIT AWARD AGREEMENT 

Unless otherwise defined herein, the terms defined in the Amended 2010 Equity Incentive Plan (the “Plan”) shall have the same
defined meanings in this Growth Unit Award Agreement, including Part I of this Award Agreement entitled “Notice of Grant of Growth Units,” Part II of this Award Agreement entitled “Agreement,” the Representation Statement
attached hereto as Exhibit A, and the Vesting Requirements of Growth Units attached as Exhibit B (the “Vesting Requirements”), the country-specific appendix attached hereto as
Appendix A and any other appendices attached to such documents (all of which are made a part of this document and, together, this “Award Agreement”). 

 

	I.	 NOTICE OF GRANT OF GROWTH UNITS 

 

			
	Name (the “Participant”):	  	###PARTICIPANT_NAME###
		
	Address:	  	###HOME_ADDRESS###

 The Participant has been granted an Award of Growth Units (the “Growth Unit Award,”
“Award of Growth Units,” or “Award”), subject to the terms and conditions of the Plan and this Award Agreement, as follows: 
  

			
	Grant Number:	  	###EMPLOYEE_GRANT_NUMBER###
		
	Date of Grant:	  	###GRANT_DATE###
		
	Service Requirement Start Date:	  	January 1, 2019
		
	Number of Growth Units (“Number of Growth Units”):	  	###TOTAL_AWARDS###
		
	Class of Common Stock covered by Award:	  	Class A Common Stock of the Company (“Shares”)
		
	Vesting Requirements:	  	The Growth Units subject to this Award Agreement (the “Growth Units”) will vest, if at all, only upon the achievement of specified criteria and, in certain circumstances, continued status as a Service Provider,
as set forth in the Vesting Requirements, and subject to the terms of this Award Agreement and the Plan.

 In the event Participant ceases to be a Service Provider for any or no reason before the Growth Units vest in
accordance with their terms, the Growth Units will remain eligible to vest and be settled in Shares only to the extent provided under the Vesting Requirements. 

In receiving this Award, Participant is hereby notified that the following constitute certain of the terms, conditions, and obligations of
receiving, holding, and potentially vesting in and settlement of the Growth Units referenced in this Award Agreement: 

  
 -1- 

	 	(a)	 This Award of Growth Units is granted under and governed by the terms and conditions of the Plan and this Award
Agreement; 

  

	 	(b)	 Participant accepts as binding, conclusive and final all decisions or interpretations of the Administrator upon
any questions relating to the Plan and this Award Agreement; and 

  

	 	(c)	 Prior to settlement under this Award, Palantir Technologies Inc. (the “Company”) may require
Participant to sign a written confirmation and acceptance that he or she has complied with all terms of this Award Agreement and that he or she accepts and agrees to all of its terms. 

As discussed in Section 13 of Part II of this Award Agreement, this Award is not part of
Participant’s ordinary compensation and Participant is hereby put on notice that if Participant does not both comply with the terms of this Award Agreement and sign a written confirmation and acceptance if requested, Participant
will have no claim against the Company. Further, if Participant does not keep the Company informed of all changes in his or her residence address and keep an up to date email address on file with the Company and the Company is not able to easily
locate Participant, he or she could forfeit this Award. 

  
 -2- 

 PALANTIR TECHNOLOGIES INC. 

AMENDED 2010 EQUITY INCENTIVE PLAN 

GROWTH UNIT AWARD AGREEMENT 
  

	II.	 AGREEMENT 

1.    Grant of Growth Units. The Company hereby grants to the Participant named in the Notice of Grant of Growth
Units (the “Notice of Grant”) in Part I of this Award Agreement an Award of Growth Units, subject to all of the terms and conditions in this Award Agreement and the Plan, which is incorporated herein by reference. The purpose of
this Award of Growth Units is to encourage retention and to provide strong incentives for Participant to build toward the Company’s long-term success and profitability. In addition, tying the settlement of Growth Units to a Qualifying IPO Event
and/or the Organizational Goals Requirement aligns the interests of the Participant with those of the Company’s stockholders. Growth Units are configured as incentives structured to engage the Participant in making a Qualifying IPO Event and/or
the Organizational Goals Requirement a reality. Subject to Section 18(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and this Award Agreement, the terms and conditions of the Plan shall prevail, except
to the extent specifically provided in this Award Agreement or as the Administrator may determine is appropriate to give effect to the intent of this Award Agreement. Notwithstanding anything in the Plan or this Award Agreement to the contrary, no
amendment to the Plan, other than amendments to increase the Shares reserved for issuance under the Plan, will be deemed to apply to this Growth Unit Award unless the Administrator specifically determines otherwise (and, in such case, subject to
Section 18(c) of the Plan, as and to the extent noted above). 
 2.    Company’s
Obligations. The Growth Unit Award represents the right to receive a number of Shares determined conditionally and formulaically in connection with the Vesting Date (as defined in the Vesting Requirements) in accordance with the Vesting
Requirements attached as Exhibit B (the Shares the Growth Units represent the right to receive pursuant to the Vesting Requirements are referred to herein as the “Growth Unit Shares”). Unless and until the Growth Units vest
in the manner set forth in Section 4 or Section 6 and Participant complies with all requirements for settlement under this Award Agreement, Participant will have no right to settlement of such Growth Units and no right to any Growth Unit
Shares. Prior to the actual settlement of vested Growth Units in Shares based on the conditions and formulas determined in accordance with the terms of this Award Agreement, Growth Units will represent an unsecured obligation of the Company to issue
Shares only from the general assets of the Company (if at all). In all cases, including in the event of Participant’s death, Shares may be acquired pursuant to this Award only as set forth in, and on the terms and subject to the conditions of,
this Award Agreement. 
 3.    Participant’s Representations. In the event the Shares have not been
registered under the Securities Act at the time of the settlement of the Growth Units or at such other time as designated by the Company, if requested or required by the Company, it shall be a condition and term of this Award that Participant
deliver to the Company his or her Representation Statement in the form attached hereto as Exhibit A, subject to any updates or modifications to such form 

  
 -3- 

 
prepared by the Company from time to time as the Company may deem necessary or advisable in light of changes to laws or regulations or otherwise. If Participant does not deliver the
Representation Statement, if one is requested or required, at the time the Growth Units otherwise would be settled (and prior to any deadline specified by the Company) and, in all cases, by the Settlement Deadline, then immediately after the earlier
of the deadline specified by the Company or the Settlement Deadline, such Growth Units will be cancelled and forfeited to the Company for no consideration and in such event, no Growth Unit Shares shall be issued with respect to this Award and any
rights thereto shall immediately be forfeited for no consideration. 
 4.    Vesting Requirements. Except as
provided in Section 6, and subject to Section 7, the Growth Units awarded by this Award Agreement will vest only in accordance with the vesting requirements set forth in the Notice of Grant and the Vesting Requirements. 

5.    Lock-Up Period. No offer, pledge, sale, contract to sell, sale of any
option or contract to purchase, purchase of any option or contract to sell, grant of any option, right or warrant to purchase, loan, or other direct or indirect transfer of or disposition of, any Shares (or other securities of the Company) is
permitted hereunder nor is the entry into any swap, hedging or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any Shares (or other securities of the Company) held by Participant
(other than those included in the registration) for a period specified by the Company or a representative of the underwriters or financial advisors in connection with an IPO Event not to exceed 180 days following such IPO Event (or such other period
as may be requested by the Company, the underwriters or the financial advisors of such IPO Event to accommodate regulatory restrictions) (such period, the “Lock-Up Period”). 

Participant is hereby notified that it is a term of this Award (and a condition to any potential vesting and settlement) that Participant
execute and deliver such agreements as may be reasonably requested by the Company, the underwriters or the financial advisors that are consistent with the foregoing or which are necessary to give further effect thereto. In addition, if requested by
the Company or the representative of the underwriters or financial advisors in connection with an IPO Event, it is a term of this Award that Participant provide, within ten (10) days of such request, such information as may be requested by the
Company or such representative in connection with the completion of any IPO Event. The Company may impose stop-transfer instructions with respect to the Shares (or other securities of the Company) subject to the foregoing restriction until the end
of the Lock-Up Period. 
 6.    Vesting and Settlement. 

(a)    General Rule. Subject to Section 9, Growth Units that vest will be settled in whole Shares based on the
formula set forth in, and the terms and conditions of, the Vesting Requirements. Subject to the provisions of Section 6(b) and notwithstanding anything in the Plan to the contrary, vested Growth Units that have met all requirements for
settlement under this Award Agreement will be settled in the number of whole Shares determined in accordance with the Vesting Requirements no later than the applicable Settlement Deadline. “Settlement Deadline” means the later of
(i) March 15 of the calendar year following the calendar year in which the Vesting Date occurs (or, if earlier, March 15 of the calendar year following the calendar year in which occurs the first date on which the applicable Growth
Units are no longer subject to a substantial risk of forfeiture for purposes of Section 409A) or (ii) the fifteenth (15th) day of the 

  
 -4- 

 
third (3rd) calendar month following the close of the Fiscal Year (as defined in the Vesting Requirements) in which the Vesting Date occurs
(or, if earlier, the fifteenth (15th) day of the third (3rd) calendar month following the close of the Fiscal Year in which occurs the first
date on which the applicable Growth Units are no longer subject to a substantial risk of forfeiture for purposes of Section 409A). No Growth Units will be settled after the Settlement Deadline applicable to them. If any Growth Units have not
met all the requirements for settlement under this Award Agreement in a manner that would allow them to be settled by the applicable Settlement Deadline, such Growth Units will be forfeited as of immediately following the Settlement Deadline. For
purposes of determining the applicable Settlement Deadline only, the determination of the Vesting Date will assume that any Growth Units that actually vest as a result of satisfying the Requirements have a Vesting Date of, and achieved the
Board-Determined Metric as of, no later than Performance Year End. In no event will Participant be permitted, directly or indirectly, to specify the taxable year or date of settlement of any Growth Units under this Award Agreement. 

(b)    Acceleration; Amendment.  

(i)    Discretionary Acceleration or Amendment. The Administrator may, pursuant to its authority under, and in
accordance with, Section 4(b)(v), Section 4(b)(ix) and Section 9(c) of the Plan, in its discretion, unilaterally (x) accelerate, in whole or in part, the vesting of the Growth Units, (y) waive or decrease some or all of the
hurdles or performance metrics or other requirements required for vesting of unvested Growth Units at any time, or (z) waive or decrease some or all of the requirements for settlement of Growth Units at any time, in each case, subject to the
terms of the Plan but without the need for Participant consent in any instance, and subject to Section 27 of this Award Agreement; provided, however, that no such acceleration, waiver or decrease shall occur or be effective unless such
modification would result in this Growth Unit Award remaining exempt or excepted from the requirements of Section 409A pursuant to the “short-term deferral” exception or another exception or exemption under Section 409A, or
otherwise complying with Section 409A, in each case such that none of this Award Agreement, the Growth Units provided under this Award Agreement, or Shares issuable hereunder will be subject to the additional tax imposed under
Section 409A. If so modified, the Vesting Date will be deemed for all purposes of this Award Agreement to be the date specified by the Administrator (provided, that, for purposes of determining the Settlement Deadline, the Vesting Date will be
deemed to be no later than the first date on which the Growth Units are no longer subject to a substantial risk of forfeiture for purposes of Section 409A), and any Shares issuable upon settlement of the Award pursuant to such acceleration also
will be Growth Unit Shares for the purposes of this Award Agreement. The settlement of Growth Unit Shares vesting pursuant to this Section 6(b) shall in all cases be no later than the Settlement Deadline and at a time or in a manner that is
exempt from, or complies with, Section 409A. The prior sentence may be superseded in a future agreement or amendment to this Award Agreement only by direct and specific reference to such sentence. 

(ii)    The Company’s intent is that this Growth Unit Award be exempt or excepted from the requirements of
Section 409A. However, in an abundance of caution, the Company is including in this subsection, certain Section 409A rules that only apply if the Growth Units are not exempt or excepted, and then only in certain circumstances.
Specifically, Section 409A contains rules that must apply to the Growth Units if (a) they are not exempt or excepted from Section 409A, (b) the Company has any stock that is publicly traded on an established

  
 -5- 

 
securities market or otherwise at the time Participant’s service terminates, (c) Participant receives acceleration of vesting of the Growth Units in connection with a termination of
service, and (d) at the time of such termination, Participant is considered a “specified employee” under the Section 409A rules. Should these rules ever become applicable to Participant’s Growth Units, then notwithstanding
anything in the Plan, this Award Agreement or any other agreement (whether entered into before, on or after the Date of Grant) to the contrary, if the vesting of Growth Units is accelerated in connection with Participant’s termination as a
Service Provider (provided that such termination is a “separation from service” within the meaning of Section 409A, as determined by the Company), other than due to Participant’s death, and if (x) Participant is a U.S.
taxpayer and a “specified employee” within the meaning of Section 409A at the time of such termination as a Service Provider and (y) the settlement of such accelerated Growth Units will result in the imposition of additional tax
under Section 409A if such settlement is on or within the six (6) month period following Participant’s termination as a Service Provider, then the settlement of such accelerated Growth Units will not occur until the date six
(6) months and one (1) day following the date of Participant’s termination as a Service Provider, unless the Participant dies following his or her termination as a Service Provider, in which case, the Growth Unit Shares will be
settled and issued to the Participant’s Legal Representative as soon as practicable following his or her death (subject to Section 8). 

(c)    Section 409A. It is the intent of this Award Agreement that it and all issuances and benefits to U.S.
taxpayers hereunder be exempt or excepted from the requirements of Section 409A pursuant to the “short-term deferral” exception under Section 409A, or otherwise be exempted or excepted from, or comply with, Section 409A, so
that none of this Award Agreement, the Growth Units provided under this Award Agreement, or Shares issuable thereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities or ambiguous terms herein will be
interpreted to be so exempt or excepted, or to so comply. Each issuance upon settlement of the Award under this Award Agreement is intended to constitute a separate payment for purposes of Treasury Regulation
Section 1.409A-2(b)(2). In no event will the Company or any Service Recipient (as defined below) have any liability or obligation to reimburse, indemnify, or hold harmless Participant for any taxes that
may be imposed, or other costs incurred, on Participant as a result of Section 409A. For purposes of this Award Agreement, “Section 409A” means Section 409A of the Code, and any applicable Treasury
Regulations and Internal Revenue Service regulations and formal, effective guidance of either general applicability or direct applicability thereunder, as each may be amended from time to time, and shall include any successors thereto. 

7.    Forfeiture. Upon the forfeiture events or times specified in the Vesting Requirements, Growth Units awarded
by this Award Agreement will be forfeited at no cost to the Company and Participant will have no further rights to the Growth Units or Growth Unit Shares hereunder. 

8.    Death of Participant. The Award of Growth Units may not be transferred upon Participant’s death by the
provisions of any will or trust of Participant or by the laws of descent or distribution or otherwise, and instead will remain in the name of the deceased Participant after his or her death if and to the extent this Award otherwise remains
outstanding and eligible to vest and/or be settled pursuant to the terms of this Award Agreement. Any Shares issued in settlement of this Award will be made to the person(s) as provided in this Section. Following the Participant’s

  
 -6- 

 
death, the Company will communicate about the Award only with Participant’s “Legal Representative,” defined for the purposes of this Award Agreement as (x) the trustee
of the revocable trust, if any, established by Participant prior to death that is the residuary beneficiary of Participant’s will; (y) if there is no such trust, the personal representative (or equivalent) of Participant’s probate
estate; or (z) if no probate proceeding has been initiated, the executor named in Participant’s will. Any such Legal Representative must (i) furnish the Company with (a) written notice of his or her status as Legal Representative
and the names of any successor Legal Representative(s) then designated; (b) contact information as requested by the Company for the Legal Representative and any such successors; and, (c) evidence satisfactory to the Company to establish
the validity of the Legal Representative’s status as such and compliance with any laws or regulations pertaining thereto; and (ii) agree to inform the Company within thirty (30) days of any changes to the identity or contact
information of the Legal Representative. Further, any settlement to be made with regard to a deceased Participant under this Award Agreement will be made only to the Participant’s then-acting Legal Representative in the Legal
Representative’s fiduciary capacity, and the Legal Representative must enter into an agreement in a form prescribed by the Company, that provides that the Legal Representative is acting in a fiduciary capacity with respect to this Award and, as
such, is subject to and will be bound by, the terms and conditions of this Award Agreement, and that this Award Agreement shall apply to the Legal Representative to the same extent as to the Participant, including the Vesting Requirements and the
prohibition on future transferability. Without limiting the foregoing in any way, following the death of Participant, all terms, conditions, and obligations set forth in this Award Agreement as being applicable to the Participant or this Award
shall, after Participant’s death, continue to apply in the same manner, and nothing herein shall be construed as giving the Legal Representative any right, ability, or consent to take any action that, if Participant was then living and such
actions had been taken by Participant, would be prohibited by or inconsistent with any terms, requirements, or obligations set forth in this Award Agreement. The terms of this Section shall be binding upon Participant, Participant’s Legal
Representative and successor Legal Representatives, and any heirs, devisees, beneficiaries, agents and assigns of Participant. 

9.    Tax Withholding. 

(a)    Tax Consequences. Participant is solely responsible for reviewing with his or her own tax advisors the U.S.
federal, state, local and non-U.S. tax consequences of this Award and the transactions contemplated by this Award Agreement. With respect to such matters, Participant relies solely on such advisors and not on
any statements or representations of the Company or any of its agents, written or oral. Participant has been informed that the tax consequences of the benefits provided under this Award Agreement are not warrantied or guaranteed and Participant (and
not the Company or any Service Recipient) shall be responsible for Participant’s own tax liability that may arise as a result of this Award or the transactions contemplated by this Award Agreement. 

(b)    Responsibility for Taxes. Regardless of any action taken by the Company or, if different, Participant’s
employer (the “Employer”) or Parent or Subsidiary to which Participant is providing services (together, the Company, Employer and/or Parent or Subsidiary to which the Participant is or was providing services, the “Service
Recipient”), the ultimate liability for any tax and/or social insurance liability obligations and requirements in connection with the Growth Units and any Growth Unit Shares, including, without limitation, (a) all U.S. federal, state,

  
 -7- 

 
and local taxes (including the Participant’s Federal Insurance Contributions Act (FICA) obligation) and non-U.S. taxes and social insurance liability
obligations that are required to be withheld by the Company or the Employer or other payment of tax-related items related to Participant’s participation in the Plan and legally applicable to Participant,
(b) the Participant’s and, to the extent required by the Company (or Service Recipient), the Company’s (or Service Recipient’s) fringe benefit tax liability, if any, associated with the grant, vesting, or settlement of the Growth
Units or sale of Growth Unit Shares, and (c) any other Company (or Service Recipient) taxes the responsibility for which the Participant has, or has agreed to bear, with respect to the Growth Units (or vesting thereof or issuance of Growth Unit
Shares thereunder) (collectively, the “Tax Obligations”), is and remains Participant’s responsibility and may exceed the amount actually withheld by the Company or the Service Recipient. The Company and the Service Recipient
(i) make no representations or undertakings regarding the treatment of any Tax Obligations in connection with any aspect of the Growth Units, including, but not limited to, the grant, vesting or settlement of the Growth Units, the subsequent
sale of Growth Unit Shares acquired pursuant to such settlement and the receipt of any dividends or other distributions, and (ii) do not commit to and are under no obligation to structure the terms of the Award or any aspect of the Growth Units
to reduce or eliminate Participant’s liability for Tax Obligations or achieve any particular tax result. 

(c)    Pursuant to such procedures as the Administrator may specify from time to time, the Company and/or Service
Recipient shall withhold the amount the Company determines must or shall be withheld for the payment of Tax Obligations (the “Withholding Obligations”) upon each date with respect to which the Administrator determines Withholding
Obligations are due, including but not limited to, at grant, vesting, settlement or any other date with respect to which Withholding Obligations arise. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from
time to time, may permit or require Participant to satisfy such Withholding Obligations, in whole or in part (without limitation), if permissible by applicable local law, by (a) paying cash, (b) electing to have the Company withhold
otherwise deliverable Growth Unit Shares having a fair market value equal to the amount of such Withholding Obligations, (c) withholding the amount of such Withholding Obligations from Participant’s wages or other cash compensation paid to
Participant by the Company and/or the Service Recipient, (d) delivering to the Company already vested and owned Shares having a fair market value equal to such Withholding Obligations, (e) selling a sufficient number of such Shares
otherwise deliverable to Participant through such means as the Company may determine in its sole discretion (whether through a broker or otherwise) equal to the amount of the Withholding Obligations, (f) requiring Participant to make
appropriate arrangements with the Company or other Service Recipient for the satisfaction of all Withholding Obligations, or (g) any combination of the foregoing. To the extent determined appropriate by the Company in its discretion, it will
have the right (but not the obligation) to satisfy any Withholding Obligations by reducing the number of Growth Unit Shares otherwise deliverable to Participant, and, until and unless determined otherwise by the Company, this will be the method by
which such Withholding Obligations are satisfied. The Company will not withhold on a fractional Share basis to satisfy any portion of the Withholding Obligations and no refund shall be made to Participant for the value of the portion of a Share, if
any, withheld in excess of the Withholding Obligations. Further, if Participant is subject to tax in more than one jurisdiction between the Date of Grant and a date of any relevant taxable or tax withholding event, as applicable, Participant has
been informed that the Company and/or 

  
 -8- 

 
the Service Recipient (and/or former employer, as applicable) may be required to withhold or account for Tax Obligations in more than one jurisdiction. If Participant fails to make satisfactory
arrangements for the payment of any required Withholding Obligations or other Tax Obligations required to be accounted for hereunder at the time of the applicable taxable event, Participant will permanently forfeit Participant’s Growth Units
and any right to receive Shares thereunder and the Growth Units will be returned to the Company at no cost to the Company. Participant has been informed that the Company may refuse to deliver the Growth Unit Shares if such Withholding Obligations
are not delivered at the time they are due. 
 10.    Rights as Stockholder. Neither Participant nor any person
claiming under or through Participant will have any of the rights or privileges of a stockholder of the Company in respect of any Shares deliverable or potentially deliverable hereunder unless and until certificates representing such Shares (which
may be in book entry form) will have been issued, recorded on the records of the Company or its transfer agents or registrars, and delivered to Participant (including through electronic delivery to a brokerage account). After such issuance,
recordation and delivery, Participant will have all the rights of a stockholder of the Company with respect to voting such Shares and receipt of dividends and distributions on such Shares. 

11.    No Guarantee of Continued Service. PARTICIPANT IS HEREBY NOTIFIED THAT THE VESTING OF THE GROWTH UNITS
PURSUANT TO THE VESTING REQUIREMENTS HEREOF SHALL OCCUR ONLY BY THE SATISFACTION OF THE VESTING REQUIREMENTS SET FORTH IN THE VESTING REQUIREMENTS, AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS GROWTH UNIT AWARD OR RECEIVING GROWTH UNIT
SHARES HEREUNDER. PARTICIPANT IS FURTHER NOTIFIED THAT THIS AWARD AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING REQUIREMENTS SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE
PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE PARTICIPANT’S
RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. 
 12.    Award is Not Transferable. As
detailed further in this Section 13, no offer, sale, transfer, assignment, pledge, hypothecation, encumbrance, disposition or solicitation of offers or marketing of any kind for any of the foregoing, whether direct or indirect (including
through a broker, finder, intermediary or otherwise), of this Award, any Growth Units, Growth Unit Securities, or the rights and privileges conferred hereby in any way shall be permitted or effected (whether by operation of law, contract or
otherwise), and this Award and the rights and privileges conferred hereby will not be subject to sale under execution, attachment or similar process. For purposes of this Section, “Growth Unit Securities” means any Shares (or other
securities of the Company) acquired or that may be acquired by the Participant pursuant to the settlement of the Growth Units under this Award. Upon any attempt to offer, sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of
this Award, any Growth Units, Growth Unit Securities, or any right or privilege conferred hereby, or upon any attempted offer or sale under any execution, attachment or similar process, such offer, sale, transfer, assignment, pledge,

  
 -9- 

 
hypothecation, encumbrance or other disposition will be void ab initio (void from the moment the attempt began), shall not be recorded on the books of the Company and shall not be recognized or
given effect by the Company. These prohibitions on transferability in this Section do not, and are not meant to, derogate the restrictions on transfer in any Company documents. With respect to the
Growth Unit Securities only (and specifically not including Growth Units), the transfer restrictions under this Section will lapse upon the expiration of the one-hundred and eightieth (180th) day following the IPO Event, provided, however, that any lock-up, market stand-off or similar
restriction set forth in the Plan or any other Company equity incentive plan or this Award Agreement (including as set forth in Section 5) shall continue to be applicable to Participant, this Award, the Growth Units hereunder, and any Growth
Unit Securities hereunder. Without limiting the transfer and other restrictions set forth herein, the terms of this Section shall be binding upon the Legal Representative, executors, administrators, heirs, successors and assigns of
Participant who hold Growth Unit Securities now or in the future. 
 13.    Nature of Award. In receiving the
Award, Participant is hereby notified that the following constitute certain of the terms, conditions, and obligations of the Award: 

(a)    the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended,
suspended or terminated by the Company at any time, to the extent permitted by the Plan; 
 (b)    the Award of Growth
Units is exceptional, voluntary and occasional and does not create any contractual or other right to receive future awards of growth units, or similar awards, or benefits in lieu of growth units, even if growth units or similar awards have been
awarded repeatedly in the past; 
 (c)    all decisions with respect to the granting of future growth units or other
awards, if any, and the terms of any such grants, will be at the sole discretion of the Company; 

(d)    Participant’s participation in the Plan shall not create a right to further employment or engagement with the
Company or with Employer or be interpreted as forming or amending an employment or service relationship and shall not interfere with the ability of the Company or Employer to terminate Participant’s employment or service relationship at any
time; 
 (e)    Participant is not required to participate in the Plan; 

(f)    the Award of Growth Units and the Shares subject to the Growth Units, and the income and value of same, are not
intended to replace any pension rights or compensation; 
 (g)    the Award of Growth Units and the Shares subject to
the Growth Units, and the income and value of same, are not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service
payments, bonuses, long-service awards, pension or retirement benefits or welfare benefits or similar payments; 

(h)    the Award of Growth Units will not be interpreted to form an employment contract or service relationship with the
Company or any Parent or Subsidiary of the Company; 
 (i)    the future value of the underlying Shares is unknown,
indeterminable and cannot be predicted with certainty; 

  
 -10- 

 (j)    unless otherwise provided by the Company in its discretion, the
Growth Units and the benefits evidenced by this Award Agreement do not create any entitlement to have the Growth Units or any such benefits transferred to, or assumed by, another company nor be exchanged, cashed out or substituted for, in connection
with any corporate transaction affecting the Shares; 
 (k)    unless otherwise agreed with the Company, the Growth
Units and the Shares subject to the Growth Units, and the income and value of same, are not granted as consideration for, or in connection with, the service Participant may provide as a director of a Subsidiary or affiliate of the Company; 

(l)    the Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations
regarding Participant’s participation in the Plan, or Participant’s acquisition or sale of the underlying Shares. Participant is advised to consult with Participant’s own personal tax, legal and financial advisors regarding
Participant’s participation in the Plan before taking any action related to the Plan; and 
 (m)    the following
provisions apply only if Participant is providing, or does in the future provide, services outside the United States: 

(i)    no claim or entitlement to compensation or damages shall arise from forfeiture of the Growth Units resulting from
the termination of Participant as a Service Provider (for any reason whatsoever whether or not later found to be invalid or in breach of employment laws in the jurisdiction where Participant is employed or the terms of Participant’s employment
or service agreement, if any), and in consideration of the award of the Growth Units to which Participant is otherwise not entitled, Participant is not entitled to institute any claim against the Company, the Employer or any other Parent or
Subsidiary, Participant’s ability, if any, to bring any such claim is hereby waived, and the Company, the Employer or any other Parent or Subsidiary are hereby released from any such claim; if, notwithstanding the foregoing, any such claim is
allowed by a court of competent jurisdiction, then, by participating in the Plan, Participant shall be deemed irrevocably to have agreed not to pursue such claim and to agree to execute any and all documents necessary to request dismissal or
withdrawal of such claim; 
 (ii)    neither the Plan nor this Award Agreement form part of Participant’s terms of
employment or service with the Company or any Parent or Subsidiary; and 
 (iii)    Participant has been informed that
neither the Company, the Employer nor any Parent or Subsidiary shall be liable for any foreign exchange rate fluctuation between Participant’s local currency and the United States Dollar that may affect the value of the Growth Units or of any
amounts due to Participant pursuant to the settlement of the Growth Units or the subsequent sale of any Shares acquired upon settlement. 

14.    Data Privacy. The Company’s Privacy and Security Statement (the “External Privacy
Notice”) is available online at: https://www.palantir.com/privacy-and-security. 

The information in this Section is provided to Participant by the Company for the purpose of processing Personal Data (as defined in the
External Privacy Notice) in the context of implementing, administering and managing the Plan. For the purposes of this Section, the Company is the controller. Where local data protection laws require the appointment of a local

  
 -11- 

 
representative, such representative will be the Company’s Data Protection Officer. A glossary of terms used in this Section is provided below. 

This Section applies in addition to the Company’s Employee Privacy and Security Statement. 

Participant is responsible for: (i) providing the Employer and the Company with accurate and up-to-date Personal Data; and (ii) updating those Personal Data in the event of any material changes. 

For any questions related to this Section or relating to the Company’s processing of Personal Data, please contact the Data Protection
Officer at privacy@palantir.com or                     . 

For the purposes of this Section: 

“controller” means the entity that decides how and why Personal Data are processed. 

“process”, “processing” or “processed” means anything that is done with Personal Data,
including collecting, storing, accessing, using, editing, disclosing or deleting those data. 

15.    Language. If Participant has received this Award Agreement, or any other document related to the
Growth Units and/or the Plan translated into a language other than English and if the meaning of the translated version is different than the English version, the English version will control. 

16.    Appendix. The Award of Growth Units is subject to any special provisions set forth in the country-specific
appendix attached hereto as Appendix A. The terms and conditions within Appendix A under the name of a particular country shall apply to Participant if, at any time during which the Award of Growth Units is outstanding, Participant
resides and/or is employed in that country or is otherwise subject to the laws of that country and, in such circumstances, such terms and conditions supplement, amend and/or supersede the terms of this Award Agreement, provided, however, that that
no such terms or conditions shall be effective unless such terms and conditions would result in this Growth Unit Award remaining exempt or excepted from the requirements of Section 409A pursuant to the “short-term deferral” exception
or another exception or exemption under Section 409A, or otherwise complying with Section 409A, in each case such that none of this Award Agreement, the Growth Units provided under this Award Agreement, or Shares issuable hereunder will be
subject to the additional tax imposed under Section 409A. 
 17.    Imposition of Other Requirements.
Subject to Section 27 of this Award Agreement, the Company reserves the right to impose other requirements on the Growth Units and the Shares subject to the Award, to the extent the Company determines it is necessary or advisable in order to
comply with local laws or facilitate the administration of the Plan, and to require Participant to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 

18.    Restrictive Legends and Stop-Transfer Orders. 

(a)    Legends. The Company shall cause the legends set forth below or legends substantially equivalent thereto, to
be placed upon any certificate(s) evidencing ownership of the Growth Unit Shares together with any other legends that may be required by the Company or by state or federal securities laws: 

  
 -12- 

 THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF
1933, AS AMENDED (THE “ACT”) AND MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER THE ACT OR, IN THE OPINION OF COUNSEL SATISFACTORY TO THE ISSUER OF THESE SECURITIES, SUCH
OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION IS IN COMPLIANCE THEREWITH. 
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
CERTAIN RESTRICTIONS ON TRANSFER AS SET FORTH IN THE GROWTH UNIT AWARD AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH TRANSFER RESTRICTIONS ARE
BINDING ON TRANSFEREES OF THESE SHARES. 
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER FOR A PERIOD OF
TIME FOLLOWING AN “IPO EVENT” AS DEFINED AND SET FORTH IN THE GROWTH UNIT AWARD AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES AND MAY NOT BE SOLD OR OTHERWISE DISPOSED OF BY THE HOLDER PRIOR TO THE EXPIRATION OF SUCH
PERIOD WITHOUT THE CONSENT OF THE COMPANY, THE UNDERWRITER OR THE FINANCIAL ADVISOR. 
 (b)    Stop-Transfer
Notices. To ensure compliance with the restrictions referred to herein, the Company may issue appropriate “stop transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make
appropriate notations to the same effect in its own records. 
 (c)    Refusal to Transfer. The Company
shall not be required (i) to transfer on its books any Shares that have been sold or otherwise transferred in violation of any of the provisions of this Award Agreement or (ii) to treat as owner of such Shares or to accord the right to
vote or pay dividends to any purchaser or other transferee to whom such Shares shall have been so transferred. 

19.    Address for Notices. Any notice to be given to the Company under the terms of this Award Agreement will be
addressed to the Company at Palantir Technologies Inc., 100 Hamilton Avenue, Suite 300 Palo Alto, CA 94301, Attention: Legal Department, or by email to
                     and
                    , or at such other address or through such other method as the Company may hereafter designate in writing. 

20.    Electronic Delivery. Participant is notified that the Company may deliver by email or other electronic means
all documents relating to the Plan (including, without limitation, a copy of the Plan) and the Growth Units awarded under this Award Agreement. Participant is also notified that the Company may deliver these documents by posting them on a web site
maintained by the Company or by a third party under contract with the Company. If the Company posts these documents on a web site, it will notify Participant by email or by paper communication. Participant

  
 -13- 

 
may at any time state that he or she does not consent to such electronic delivery of documents by emailing
                    . 

21.    No Waiver. Either party’s failure to enforce any provision or provisions of this Award Agreement shall
not in any way be construed as a waiver of any such provision or provisions, nor prevent that party from thereafter enforcing each and every other provision of this Award Agreement. The rights granted both parties herein are cumulative and shall not
constitute a waiver of either party’s right to assert all other legal remedies available to it under the circumstances. 

22.    Insider Trading Restrictions/Market Abuse Laws. In addition to all other restrictions set forth in the Plan
or this Award Agreement, Participant is hereby notified that Participant may be subject to insider trading restrictions and/or market abuse laws, which may affect his or her ability to acquire or sell Shares or rights to Shares under the Plan during
such times as Participant is considered to have “inside information” regarding the Company (as defined by Applicable Laws). Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be
imposed under any applicable Company insider trading policy. Participant is hereby notified that it is his or her responsibility to comply with any applicable restrictions and Participant is advised to speak to his or her personal advisor on this
matter. 
 23.    Foreign Asset/Account Reporting Requirements. Participant is hereby notified that there may be
certain foreign asset and/or account reporting requirements which may affect Participant’s ability to acquire or hold Shares acquired under the Plan or cash received from participating in the Plan (including any dividends paid on the Shares
acquired under the Plan, if applicable) in a brokerage or bank account outside Participant’s country. Participant may be required to report such accounts, assets or transactions to the tax or other authorities in Participant’s country.
Participant also may be required to repatriate sale proceeds or other funds received as a result of participating in the Plan to Participant’s country through a designated bank or broker within a certain time after receipt. Participant is
hereby notified that it is Participant’s responsibility to be compliant with such regulations, and Participant should speak to his or her personal advisor on this matter. 

24.    Successors and Assigns. The Company may assign any of its rights and/or obligations under this Award
Agreement to single or multiple assignees, and this Award Agreement shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth, this Award Agreement shall be binding upon
Participant and his or her Legal Representative, heirs, executors, administrators, successors and assigns. The rights and obligations of Participant under this Award Agreement may only be assigned with the prior written consent of the Company. 

25.    Additional Conditions to Issuance of Stock. If at any time the Company determines, in its discretion, that
the listing, registration, qualification or rule compliance of the Shares upon any securities exchange or under any state, federal or non-United States Laws (as defined below), the tax code and related
regulations or under the rulings or regulations of the United States Securities and Exchange Commission or any other governmental regulatory body or the clearance, consent or approval of the United States Securities and Exchange Commission or any
other governmental regulatory authority is necessary or desirable as a condition to the issuance 

  
 -14- 

 
of Shares to Participant (or his or her Legal Representative as set forth in Section 8) hereunder, such issuance will not occur unless and until such listing, registration, qualification,
rule compliance, clearance, consent or approval will have been completed, effected or obtained free of any conditions not acceptable to the Company. If any such listing, registration, qualification, rule compliance, clearance, consent or approval
has not been completed by the Settlement Deadline in a manner that would allow them to be settled by the applicable Settlement Deadline, such Growth Units will be forfeited as of immediately following the Settlement Deadline. Subject to the terms of
this Award Agreement and the Plan, the Company shall not be required to issue any certificate or certificates for Shares hereunder prior to the lapse of such reasonable period of time following the date of vesting of the Growth Units as the
Administrator may establish from time to time for reasons of administrative convenience and any such certificate may be in book entry form. 

26.    Interpretation. The Administrator has the power to interpret the Plan and this Award Agreement and to adopt
such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not the conditions for Growth Unit
vesting and any other conditions for settlement of the Award have been satisfied). All actions taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon Participant, the Company and all
other interested persons. Neither the Administrator nor any person acting on behalf of the Administrator will be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Award Agreement.

 Any laws, regulations, rules, ordinances, codes, rules, rulings, administrative orders or other legal requirements
(“Laws”) referenced in or applicable to this Award Agreement means such Laws as from time to time amended, modified or supplemented, including by succession of comparable successor Laws. In the case of any Laws referenced in or
applicable to this Award Agreement, the Administrator shall be authorized and empowered to determine in its good faith discretion the application of any change in Laws (including new Laws, amendments, repeals, successor Laws, court or administrative
orders interpreting or relating to Laws, or otherwise) and to give effect thereto as if such Laws had been in effect on the date of this Award Agreement; provided, however, that no such action, decision or determination shall occur or be effective
unless it would result in this Growth Unit Award remaining exempt or excepted from the requirements of Section 409A pursuant to the “short-term deferral” exception or another exception or exemption under Section 409A, or
otherwise complying with Section 409A, in each case such that none of this Award Agreement, the Growth Units provided under this Award Agreement, or Shares issuable hereunder will be subject to the additional tax imposed under Section 409A
as a result of such action, decision or determination. 
 27.    Modifications to this Award Agreement. This
Award Agreement constitutes the entire understanding of the parties on the subjects covered. The acceptance of any settlement under this Award signifies Participant’s agreement that Participant is not accepting this Award or any Shares issued
hereunder in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Award Agreement or the Plan can be made only by approval of the Administrator that is memorialized in an express written
instrument executed by a duly authorized signatory of the Company. Notwithstanding anything in the Plan or this Award Agreement to the contrary, but subject to the immediately following sentence, the Administrator

  
 -15- 

 
may, without the consent of the Participant, modify this Award Agreement in any of the following manners (provided, however, that no such modification or deferral of issuance upon settlement of
the Award shall occur or be effective unless such modification would result in this Growth Unit Award remaining exempt or excepted from the requirements of Section 409A pursuant to the “short-term deferral” exception or another
exception or exemption under Section 409A, or otherwise complying with Section 409A, in each case such that none of this Award Agreement, the Growth Units provided under this Award Agreement, or Shares issuable hereunder will be subject to
the additional tax imposed under Section 409A): (a) take any action permitted by Section 6(b) of this Award Agreement, including to waive or decrease, in whole or in part, some or all of the hurdles or performance metrics or other
requirements required for vesting of all or a portion of the unvested Growth Units; (b) waive or decrease some or all of the requirements for settlement of Growth Units; or (c) modify the formula set forth in Section E of the
Vesting Requirements for any Band (as defined in the Vesting Requirements), provided that in no event may a Band represent a right to receive a negative number of Shares or to a number of Shares in excess of the Band Size for such Band.
Notwithstanding the foregoing or anything in the Plan or this Award Agreement to the contrary, the Company reserves the right, in its sole discretion and without the consent of Participant, to take such reasonable actions and make any amendments to
the Plan and/or this Award Agreement as it deems necessary, advisable or desirable to maintain an exemption or exception from or comply with Section 409A, or to otherwise avoid imposition of any additional tax or income recognition under
Section 409A. 
 28.    Governing Law; Severability. This Award Agreement and the Growth Units are governed
by the internal substantive laws, but not the choice of law rules, of California. In the event that any provision hereof becomes or is declared by a court or arbitrator of competent jurisdiction to be illegal, unenforceable or void, this Award
Agreement shall continue in full force and effect without said provisions. 
 29.    Binding Terms. The terms,
conditions, obligations, and requirements of this Award Agreement shall apply as a condition of receiving and holding the Award without the need for any manual or other execution of this Award Agreement by Participant or the Company. Notwithstanding
the foregoing, however, as a condition to holding the Award and/or the vesting or settlement of the Award, upon the Company’s request at any time, the Company may require Participant to manually or electronically sign this Award Agreement. 

30.    Entire Agreement. The Plan is incorporated herein by reference. The Plan and this Award Agreement (including
the exhibits referenced herein) constitute the entire agreement of the parties with respect to the Growth Units awarded hereunder and supersede in their entirety all prior undertakings and agreements of the Company and Participant with respect to
the subject matter hereof, and may not be modified adversely to the Participant’s interest except as permitted by this Award Agreement (including, without limitation, Sections 6 and 27) or by means of a writing signed by the Company and
Participant. 
 oOo 

  
 -16- 

 EXHIBIT A 

REPRESENTATION STATEMENT 
  

					
	PARTICIPANT	  	:	  	
			
	COMPANY	  	:	  	Palantir Technologies Inc.
			
	SECURITIES	  	:	  	Class A Common Stock
			
	AMOUNT	  	:	  	
			
	DATE	  	:	  	

 In connection with the receipt of the above-listed Securities (the “Securities”), the
undersigned Participant represents to the Company the following: 
 (a)    Participant is aware of the Company’s
business affairs and financial condition and has acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire the Securities. Participant is acquiring these Securities for investment for
Participant’s own account only, not as a nominee or agent, and not with a view to, or for resale in connection with, any “distribution” thereof within the meaning of the Securities Act of 1933, as amended (the “Securities
Act”), and Participant has no present intention of selling, granting any participation in, or otherwise distributing the same. Participant does not have any contract, undertaking, agreement or arrangement with any person or entity to sell,
transfer or grant participations to such person or entity or to any third person, with respect to any of the Securities. 

(b)    Participant acknowledges and understands that the Securities constitute “restricted securities” under the
Securities Act and have not been registered under the Securities Act in reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of Participant’s investment intent as expressed herein.
Participant further understands that the Securities must be held indefinitely unless they are subsequently registered under the Securities Act or an exemption from such registration is available, and that such exemption may not be available.
Participant further acknowledges and understands that the Company is under no obligation to register the Securities. Participant understands that the certificate evidencing the Securities shall be imprinted with any legend required under applicable
state securities laws. 
 Participant is familiar with Rule 144, as promulgated under the Securities Act of 1933, as amended, and understands the resale
limitations imposed thereby and by the Securities Act and the other rules and regulations promulgated thereunder. 

  
 -17- 

 
	
	PARTICIPANT
	
	  

	Signature
	
	  

	Print Name
	
	  

	Date

  
 -18- 

 EXHIBIT B 

VESTING REQUIREMENTS OF GROWTH UNITS 

A.    General. Subject to the terms of this Award Agreement, including, but not limited to, the
Administrator’s authority to modify terms pursuant to Section 6 and Section 27 of Part II of this Award Agreement, the Growth Units will vest, if at all, on the achievement of the vesting requirements described herein. Upon the
Vesting Date, the Growth Units will represent the right to receive the number of Growth Unit Shares determined formulaically as set forth herein on the terms and subject to the conditions set forth in this Award Agreement. For reference, capitalized
terms that have been defined in Section O of these Vesting Requirements shall have the meanings assigned to them in such Section O. 

B.    Growth Unit Share Maximum. In no event will the number of Growth Unit Shares that may be issued under
this Growth Unit Award exceed the Number of Growth Units indicated in the Notice of Grant (subject to any adjustment to the Number of Growth Units pursuant to Section J of these Vesting Requirements). 

C.    Bands. For the purposes of the calculations herein, this Award of Growth Units refers, collectively,
to five bands (each, a “Band”), each with (1) a portion of the Award applicable to it (such portion of the Award for a Band, the “Band Size”) and (2) an initial hurdle
(“Initial Hurdle”) applicable to it as follows: 
  

							
	 Band
	  	 Band Size
	  	Initial Hurdle	 
	 Band 1
	  	 20% of Number of Growth Units
	  	$	4.00	 
	 Band 2
	  	 20% of Number of Growth Units
	  	$	5.00	 
	 Band 3
	  	 20% of Number of Growth Units
	  	$	6.00	 
	 Band 4
	  	 20% of Number of Growth Units
	  	$	7.00	 
	 Band 5
	  	 20% of Number of Growth Units
	  	$	8.00	 

 D.    Vesting Requirements. The Award will vest on the earlier of
(such date, if any, the “Vesting Date”): 

(1)    Performance Year End, if both of the following requirements (together, the
“Requirements”) are satisfied, as measured in accordance with Section I of these Vesting Requirements: 

  
 -19- 

	 	(a)	 Participant remains a Service Provider from the Date of Grant through the
One-Year Service Mark; and 

  

	 	(b)	 the Organizational Goals Requirement has been met. 

OR 

(2)    The first date (if such date occurs) on which both of the following requirements
(together, the “Continued Service Vesting Requirements”) have been satisfied: 
  

	 	(a)	 Participant remains a Service Provider from the Date of Grant through the
One-Year Service Mark; and 

  

	 	(b)	 Participant remains a Service Provider through the IPO Date and through the one hundred eighty (180)-day period immediately following the IPO Date (the last day of such period, the “IPO Service Date”). For the avoidance of doubt, if the IPO Date has not occurred by Performance Year End
then the IPO Service Date shall never occur. 

 For purposes of clarity, under this Section D(2), if the IPO Service Date
occurred on or before the One-Year Service Mark, the Vesting Date would be the One-Year Service Mark. If the IPO Service Date occurred after the One-Year Service Mark but before the satisfaction of the Requirements, the Vesting Date would be the IPO Service Date. For the avoidance of doubt, the occurrence of a “Vesting Date” is conditional and may
never occur and it is hereby restated for clarification that no “Vesting Date” shall occur unless and until the specified conditions set forth in the definition of “Vesting Date” (and otherwise subject to the terms and conditions
of this Award Agreement) are explicitly met. 
 E.    Share Number Calculation. Upon (and subject to the
occurrence of) the Vesting Date, the Award will represent the right to receive the number of Shares (which, upon and subject to the occurrence of the settlement of the Award, will be the number of Growth Unit Shares) equal to the following
sum (rounded down to the nearest whole Share following such summation): 
  

	 	(1)	 The Band Share Number (as defined below) for Band 1; plus 

 

	 	(2)	 The Band Share Number for Band 2; plus 

 

	 	(3)	 The Band Share Number for Band 3; plus 

 

	 	(4)	 The Band Share Number for Band 4; plus 

 

	 	(5)	 The Band Share Number for Band 5. 

The “Band Share Number” for a specified Band shall mean the result (but not below zero, as further explained below) of 

(x) the Band Size for such Band, multiplied by 

(y): 

  
 -20- 

	 	(a)	 the Measurement Date Input minus the Hurdle for that Band (as in effect on the Vesting Date), with the
difference (if any), divided by 

  

	 	(b)	 (i) if the Growth Units vested by virtue of satisfying the Continued Service Vesting Requirements, the
Measurement Date Input, or (ii) if the Growth Units vested by virtue of satisfying the Requirements, the Performance YE Input, or (iii) if the Growth Units vest by virtue of any other reason than satisfaction of the Continued Service
Vesting Requirements or the Requirements, such as any permitted acceleration of the Growth Units by the Administrator, the Measurement Date Input. 

Notwithstanding the foregoing, (x) if the calculation of the Band Share Number for any Band would result in a number that is in excess of
the Band Size for such Band, then the Band Share Number for such Band shall be the Band Size for such Band, and (y) if the calculation of the Band Share Number for any Band would result in a negative number for such Band, then the Band Share
Number for such Band shall be zero. 
 The determination of the number of Shares this Award will represent shall occur only once, in
connection with (and subject to the occurrence of) the Vesting Date. For the purposes of clarity, and notwithstanding anything in this Award Agreement to the contrary, once the determination of the number of Shares this Award will represent the
right to receive has been made, the Participant must still comply with, and the right to receive any Shares hereunder remains conditioned on and subject to, the terms and conditions of this Award Agreement, including but not limited to the execution
and delivery of all required documents (including those required to be executed and delivered at the request of the Company). 

F.    Hurdle. The “Hurdle” shall mean, for each applicable Band, an amount
determined as follows: 
 (1)    From the Date of Grant and continuing through the day immediately
preceding the Thirteen-Month Anniversary, the Hurdle of a Band shall be the Initial Hurdle of such Band as set forth in Section C of these Vesting Requirements. 

(2)    The Hurdle for such Band shall decrease on the Thirteen-Month Anniversary by 1/12th of the applicable Annual 10% Measurement. The Hurdle shall decrease by an additional 1/12th of the applicable Annual 10% Measurement on each
monthly anniversary of the Service Requirement Start Date thereafter until the applicable date specified in Section F(3) of these Vesting Requirements (each such date of decrease, a “Hurdle Decrease Date”), subject to
Participant’s remaining a Service Provider through each applicable Hurdle Decrease Date (the “Hurdle Decrease Formula”). Notwithstanding the foregoing, in no event may the Hurdle decrease below zero. 

For example, if on the first anniversary of her Service Requirement Start Date, the applicable Hurdle is $4, the Annual 10%
Measurement beginning on the Thirteen-Month Anniversary would be $0.40, and on each applicable Hurdle Decrease Date from the Thirteen-Month Anniversary through the Two-Year Anniversary, the Hurdle would
decrease by $0.03333333 (etc.), subject to Participant’s remaining a Service Provider 

  
 -21- 

 
through each applicable Hurdle Decrease Date. As a further example, if the applicable Hurdle has decreased to $3.60 on the Two-Year Anniversary, the Annual
10% Measurement beginning on the next Hurdle Decrease Date (the 25-month anniversary of the Service Requirement Start Date), would be $0.36, and on each applicable Hurdle Decrease Date from the 25-month anniversary of the Service Requirement Start Date through the Three-Year Anniversary, the Hurdle would decrease by $0.03, subject to Participant’s remaining a Service Provider through each applicable
Hurdle Decrease Date. 
 For purposes of this Award, a monthly anniversary date of the Service Requirement Start Date will
mean the same day of the applicable month as the Service Requirement Start Date, and if there is no corresponding day, on the last day of the month. For example, if the Service Requirement Start Date is January 19, 2019, the Thirteen-Month
Anniversary will be February 19, 2020, and the next monthly anniversary will be March 19, 2020. If, instead, the Service Requirement Start Date was February 28, 2019, the Thirteen-Month Anniversary would be March 28, 2020. As
another example, if, instead, the Service Requirement Start Date was January 31, 2019, the Thirteen-Month Anniversary would be February 29, 2020 and the next monthly anniversary would be March 31, 2020. 

(3)    Notwithstanding the foregoing, the Hurdle will not be subject to further decreases after the earlier
of the IPO Date and the Vesting Date. 
 (4)    For the avoidance of doubt, upon Participant’s
ceasing to be a Service Provider, the Hurdle will no longer be subject to further decreases and will remain as the last measured Hurdle in effect prior to such cessation as a Service Provider. 

G.    Forfeiture. 

(1)    If Participant ceases to be a Service Provider for any reason prior to the One-Year Service Mark, the Growth Units will be immediately cancelled and forfeited to the Company in their entirety for no consideration, and no Shares will ever be issued pursuant to the Growth Unit Award,
regardless of whether the Organizational Goals Requirement is met or a Qualifying IPO Event occurs. 

(2)    Any Growth Units not previously vested pursuant to the terms of this Award Agreement will be
immediately cancelled and forfeited to the Company in their entirety for no consideration, and no Shares will ever be issued pursuant to the Growth Unit Award regardless of whether Participant is a current or former Service Provider at such time, if

  

	 	(a)	 the Company does not have a class of stock that is publicly traded on an internationally-recognized
stock/securities exchange as of the Performance Year End, with such cancellation and forfeiture effective immediately following Performance Year End, or 

  

	 	(b)	 the Company has a class of stock that is publicly traded on an internationally-recognized stock/securities
exchange as of the Performance Year End but the Board-Determined Metric was not met, with such cancellation and forfeiture effective immediately upon the Administrator’s determination that the Board-Determined Metric was not met (but not
earlier than Performance Year End). 

  
 -22- 

 (3)    Unless the Administrator determines otherwise,
upon determination pursuant to this Award Agreement of the number of Shares Participant will have the right to receive under this Award pursuant to the Share Number Calculation under Section E, any portion of the Growth Unit Award not immediately
thereafter representing the right to receive a positive number of Shares will no longer be available for future conversion into the right to receive Shares, will be immediately cancelled and forfeited to the Company for no consideration, and no
Shares will ever be issued pursuant to such portion of the Growth Unit Award. 
 (4)    Except as
provided by the following sentence of this Section G(4), any unvested Growth Units will be forfeited on the first date on which the terms and conditions required for vesting can no longer be satisfied, unless the Administrator determines
otherwise prior to such date. Growth Units that remain outstanding as of immediately prior to Performance Year End will remain outstanding thereafter until the Administrator determines, in accordance with Section I of these Vesting Requirements,
whether the Requirements have been satisfied, and (i) any such Growth Units that shall have vested on the Vesting Date of the Performance Year End pursuant to Section D(1) of these Vesting Requirements as a result of the determination that
the Board-Determined Metric was achieved (and the Requirements met) shall continue to remain outstanding (as vested Growth Units) until the earlier of settlement or through the Settlement Deadline, on the terms and subject to the conditions set
forth in this Award Agreement for settlement (and for the avoidance of doubt, while outstanding pursuant to this clause, the Administrator shall retain all discretion to accelerate such Growth Units pursuant to this Award Agreement), and
(ii) any such Growth Units that shall not have vested as a result of such determination (or the Administrator’s use of discretion permitted by this Award Agreement concurrently with or prior to the time of such determination to accelerate
the vesting of such Growth Units) and that could not satisfy the Continued Service Vesting Requirements after the Performance Year End will be forfeited immediately following such determination. 

(5)    Unless the Administrator determines otherwise, any vested but not yet settled Growth Units will be
forfeited upon the first date on which Participant can no longer timely satisfy the terms and conditions required of Participant for settlement (by way of example only, if the Company or a representative of an underwriter has requested that
Participant provide certain information within ten (10) days, as permitted under Section 5 of Part II of this Award Agreement, and Participant fails to provide such information within such period, the Growth Units shall be forfeited for no
consideration immediately after the expiration of such period).  

H.    Break in Service. If, at any time on or after the Date of Grant but before the Vesting Date,
Participant ceases to be a Service Provider (the date of such cessation, the “Original Separation Date”), unless determined otherwise by the Administrator, Participant will forever after be deemed to have ceased to be a
Service Provider as of the Original Separation Date for all purposes of this Award Agreement, even if Participant later again becomes a Service Provider to the Company. As a result of such separation: 

(1)    Participant will no longer be eligible to vest in the Growth Units under this Award pursuant to the
Continued Service Vesting Requirements; 

  
 -23- 

 (2)    If such Original Separation Date occurs prior to
the One-Year Service Mark, Participant will no longer be eligible to vest in the Growth Units under this Award pursuant to the Requirements or at all. For the avoidance of doubt, Participant will only remain
eligible to vest in Growth Units pursuant to the Requirements if the Original Separation Date occurs on or after the One-Year Service Mark; and 

(3)    The Hurdle will not be eligible for further decreases pursuant to the Hurdle Decrease Formula after
the Original Separation Date. 
 I.    Determinations and Measurements. 

(1)    All determinations (including, without limitation, measurements) under this Award Agreement,
including these Vesting Requirements, will be determined by the Administrator in its good faith discretion, including, but not limited to, the determinations of whether a Qualifying IPO Event has occurred and as of what date, whether the Company has
a class of stock that is publicly traded on an internationally-recognized stock/securities exchange (including the meaning of an internationally-recognized stock/securities exchange), the level of performance against the Board-Determined Metric and
whether the Board-Determined Metric has been achieved. Furthermore, in the case of any fractional number (including any number of Shares) that is referenced or may be calculated under or relating to this Award Agreement, the Administrator shall have
the discretion to make rounding determinations in its good faith discretion. For the avoidance of doubt, and without limiting the Administrator’s discretion set forth herein, references to being publicly traded on an internationally-recognized
stock/securities exchange on or as of the Performance Year End or any other particular day are intended not to refer to actual trading/market activity occurring on any specific day (for example, if such day is a weekend or holiday) but whether the
applicable security is considered a listed/traded security at such time for the purposes of such stock/securities exchange. All such determinations will be final and binding on Participant and the Company and will be given the maximum deference
permitted by Applicable Laws. The Administrator will determine whether the Board-Determined Metric has been achieved as soon as practicable following Performance Year End, and in all cases at least four (4) business days prior to the Settlement
Deadline. Notwithstanding the foregoing, the Administrator will have no obligation to make a determination with respect to the achievement of the Board-Determined Metric if the Vesting Date occurs prior to Performance Year End. 

(2)    Notwithstanding the foregoing or anything in the Plan to the contrary, if any applicable price or
other currency amount is denominated in a currency (including a virtual currency) other than U.S. Dollars, such price or other currency amount will be converted into U.S. Dollars based on the exchange rate in effect as of 5:00 p.m. Pacific Time on
the applicable date, utilizing the exchange rate as reported in such source as the Administrator deems reliable. 

J.    Adjustments. The Number of Growth Units will be adjusted if and to the extent provided under
Section 13(a) of the Plan, or, beginning on the Vesting Date but before the settlement of the Growth Units, the number of Shares the Growth Units will represent the right to receive pursuant to Section E, will be adjusted in a similar
manner. Upon the occurrence of any event that causes an adjustment in the Number of Growth Units pursuant to Section 13(a) of the 

  
 -24- 

 
Plan or the number of Shares into which the Growth Units will represent the right to receive pursuant to the prior sentence, the Administrator, in order to prevent diminution or enlargement of
the benefits or potential benefits intended to be made available under this Award Agreement, will appropriately adjust the Hurdle, the Board-Determined Metric, and the Band Size for each Band,
and, to the extent applicable, the Measurement Date Input (and applicable components thereof) and the Performance YE Input; provided, however, that no such adjustment shall occur or be effective unless such adjustment would result in this Growth
Unit Award remaining exempt or excepted from the requirements of Section 409A pursuant to the “short-term deferral” exception or another exception or exemption under Section 409A, or otherwise complying with Section 409A, in
each case such that none of this Award Agreement, the Growth Units provided under this Award Agreement, or Shares issuable hereunder will be subject to the additional tax imposed under Section 409A as a result of such adjustment. 

K.    Withholding of Tax Obligations. To the extent any Withholding Obligations are due in connection with
the vesting of the Growth Units on any date other than the date the Growth Unit Shares are settled on Participant, then to the extent permitted pursuant to Treasury Regulation Section 1.409A-3(j)(4)(vi)
(as may be amended from time to time and any guidance promulgated thereunder), if applicable, and as determined appropriate by the Company in its discretion, the Company will have the right (but not the obligation) to satisfy any Withholding
Obligations by reducing the number of Growth Unit Shares otherwise deliverable to Participant, and, until and unless determined otherwise by the Company, this will be the method by which such Withholding Obligations are satisfied. In no event will
Participant have any discretion to determine the tax year in which Growth Unit Shares are delivered to Participant. 

L.    Non-Applicability of Company Leave of Absence and Part-Time
Policies. Notwithstanding anything in the Plan or any Company or other Service Recipient policy to the contrary, the vesting of the Growth Units and the Hurdle decrease terms set forth in this Award Agreement will not be adjusted, suspended
or otherwise impacted by any Company or other Service Recipient leave of absence, reduced work schedule, part-time or similar policy, and any such policies will not apply to this Growth Unit Award. 

M.    Merger or Change in Control. 

(1)    Notwithstanding anything in the Plan to the contrary, the second paragraph of Section 13(c) of
the Plan will not apply to the Award of Growth Units granted under this Award Agreement. 
 (2)    In the
event of a merger or Change in Control, the unvested Growth Units subject to the Award will be immediately cancelled and forfeited to the Company in their entirety for no consideration, and no Shares will ever be issued pursuant to the Growth Unit
Award, unless the Administrator, in its sole discretion and prior to such merger or Change in Control, determines to accelerate the vesting of all or a portion of the Growth Units in connection with such merger or Change in Control in accordance
with Section 6(b) of Part II of this Award Agreement or to determine that such unvested Growth Units will be assumed by the acquiring or succeeding corporation (or an affiliate thereof) with appropriate adjustments made to reflect the terms of
such merger or Change in Control; provided, however, that no such adjustment shall occur or be effective unless such adjustment would result in this Growth Unit Award remaining exempt or excepted from

  
 -25- 

 
the requirements of Section 409A pursuant to the “short-term deferral” exception or another exception or exemption under Section 409A, or otherwise complying with
Section 409A, in each case such that none of this Award Agreement, the Growth Units provided under this Award Agreement, or Shares issuable hereunder will be subject to the additional tax imposed under Section 409A as a result of such
adjustment. For purposes of clarity, if the Company or a Parent of the Company continues after a merger or Change in Control, the Administrator may determine that such entity is the acquiring or succeeding corporation for purposes of this
subsection, and/or for purposes of Section 13 of the Plan generally. 
 (3)    In the event of a
merger or Change in Control that is expected to close after Performance Year End, the Administrator shall, prior to the closing of such merger or Change in Control, determine whether the Board-Determined Metric was achieved. 

(4)    If vesting of this Award has occurred prior to such merger or Change in Control, but the Award
remains unsettled prior to such merger or Change in Control, it will be promptly settled in Shares prior to the consummation of the merger or Change in Control, subject to and in accordance with the terms of this Award Agreement, including but not
limited to Section 6 of Part II of this Award Agreement. 
 N.    Example. Solely by way of example,
assume Jill, a participant under the same performance and other terms as provided herein, received an award with a Band Size for Band 1 of 100, with an Initial Hurdle for that Band of $4 that decreases pursuant to the Hurdle Decrease Formula
(that is, by 1/12 of the Annual 10% Measurement each month beginning on the Thirteen-Month Anniversary, so that it decreases 10% per completed year of service after that). Assume that a Qualifying IPO Event occurs a few days after the four (4)-year
anniversary of the Service Requirement Start Date, that Jill continues as a Service Provider through both the Qualifying IPO Event that occurs and through her IPO Service Date (i.e., 180 days after the IPO Date). Therefore, Jill’s Growth Units
vest by meeting the Continued Service Vesting Requirements, and her Vesting Date is the IPO Service Date. As a result, the Measurement Date Input for her Growth Units is the IPO Price. Assume the Qualifying IPO Event has an IPO Price of $10/share.
Her Hurdle for Band 1 has thus been reduced to $2.92 as of the Qualifying IPO Event (and, as per the award terms, does not reduce further after that). On her Vesting Date, Jill’s Band Share Number for Band 1 is determined as follows: 

X = $10 - $2.92 = $7.08 
 Y = $10

 Band Share Number for Band 1 = Band Size for Band 1* (X/Y) = 

Band Size of 100 * ($7.08 / $10) = 70.8 Shares of company common stock (i.e., the Band Share Number for Band 1). When the Band Share Numbers for all Bands are
determined and summed, that total will be rounded down to the nearest whole Share to get to the number of Shares that Jill would have the right to receive upon settlement of her award in accordance with and subject to the terms of her award
agreement, including but not limited to Sections 6 and 27 of Part II of her award agreement. 

O.    Definitions. Any capitalized terms used but not defined herein will have the meanings assigned to them
in this Award Agreement to which these Vesting Requirements are 

  
 -26- 

 
attached as an exhibit. For purposes of these Vesting Requirements, the following capitalized terms will have the following meanings: 

(1)    “Accounting Principles” means U.S. accounting standards applicable for publicly traded
companies in the Performance Year. 
 (2)    “Anniversary Date” means an annual anniversary of
the Service Requirement Start Date. 
 (3)    “Annual 10% Measurement” means 10% of the
applicable Hurdle as measured and in effect on the last Anniversary Date to occur prior to the applicable Hurdle Decrease Date. 

(4)    “Band” has the meaning assigned to it in Section C of these Vesting Requirements. 

(5)    “Band Share Number” has the meaning assigned to it in Section E of these Vesting
Requirements. 
 (6)    “Band Size” has the meaning assigned to it in Section C of these
Vesting Requirements. 
 (7)    “Board-Determined Metric” means
                    .1 

(8)    “Continued Service Vesting Requirements” has the meaning assigned to it in
Section D(2) of these Vesting Requirements 
 (9)    “Date of Grant” shall mean the date
set forth next to the label “Date of Grant” in Part I of this Award Agreement. 
 (10)    “Fiscal
Year” means the fiscal year of the Company as in effect on the fifteenth (15th) anniversary of the Date of Grant. 

(11)    “Growth Unit Shares” has the meaning assigned to it in Section 2 of Part II of
this Award Agreement. 
 (12)    “Hurdle” has the meaning assigned to it in Section F of these
Vesting Requirements. 
 (13)    “Hurdle Decrease Date” has the meaning assigned to it in
Section F of these Vesting Requirements. 
 (14)    “Hurdle Decrease Formula” has the meaning
assigned to it in Section F of these Vesting Requirements. 
 (15)    “Initial Hurdle” means,
for a given Band, the amount indicated as the Initial Hurdle for such Band in Section C of these Vesting Requirements. 

(16)    “IPO Date” means the date of a Qualifying IPO Event. 

(17)    “IPO Event” means the first sale or resale of Shares (or other common securities of the
Company) to the general public upon the closing of an underwritten public offering or in connection with a direct listing or otherwise, in each case (1) pursuant to an effective registration 

 

	1 	 To be determined by the Board (or its authorized committee or delegate) in connection with each grant.

  
 -27- 

 
statement filed under the Securities Act or (2) pursuant to a valid qualification or filing under the Applicable Laws of another jurisdiction under which such securities will be listed on an
internationally-recognized stock/securities exchange (as determined by the Administrator in its sole discretion). 

(18)    “IPO Price” means the closing sales price for a Share on the first date the Company’s
common stock is publicly traded in connection with a Qualifying IPO Event, as reported in The Wall Street Journal or such other source as the Administrator deems reliable. 

(19)    “IPO Service Date” has the meaning assigned to it in Section D(2)(b) of these Vesting
Requirements. 
 (20)    “Measurement Date Input” means: 

(a)    if the Growth Units vested by virtue of satisfying the Continued Service Vesting Requirements
and if the Vesting Date is the IPO Service Date, the IPO Price; 
 (b)    If the Vesting Date is the One-Year Service Mark, and such anniversary occurs following an IPO Service Date, the IPO Price; 

(c)    If the Vesting Date is the Performance Year End as a result of the satisfaction of the Requirements,
(x) if a Qualifying IPO Event has occurred, the IPO Price, or (y) if no Qualifying IPO Event has occurred, the Performance YE Input; or 

If the Vesting Date is a date other than any date listed above in this definition, the value determined by the Administrator in its sole
discretion, which value may be determined to be different for any given Band and/or for the purposes of each of the numerator and denominator of one or more Band’s Band Share Number formula under Section E of these Vesting Requirements. 

(21)    “Number of Growth Units” means the number of Growth Units set forth next to the label
“Number of Growth Units” in the Notice of Grant. 
 (22)    
“One-Year Service Mark” means December 31, 2019. 

(23)    “Organizational Goals Requirement” means both (a) the Company having a class of stock
that is publicly traded on an internationally-recognized stock/securities exchange as of the Performance Year End, and (b) the achievement of the Board-Determined Metric. For the avoidance of doubt, the
Organizational Goals Requirement is met only if both of the foregoing are met. 
 (24)    “Original
Separation Date” has the meaning assigned to it in Section H of these Vesting Requirements. 

(25)    “Performance Year” means Year 15. 

(26)    “Performance Year End” means the last day of the Performance Year. 

(27)    “Performance YE Input” means the closing sales price of a Share on the last Trading Day on
or prior to Performance Year End, as reported in The Wall Street Journal or such other source as the Administrator deems reliable. 

(28)    “Profit” means the Company’s net income (loss) for the applicable Fiscal Year,
excluding the impact of stock-based compensation expense, as determined on a consolidated basis 

  
 -28- 

 
in accordance with Section I of these Vesting Requirements. The Administrator will measure Profit for the Performance Year on a Fiscal Year basis. Profit will be determined by the
Administrator in accordance with the Accounting Principles; provided, however, that if the Company’s financial statements for the Performance Year are not final on the date on or following Performance Year End on which the Administrator
determines Profit for such fiscal year, then Profit shall be determined by the Administrator in good faith, based on such estimates and resources as the Administrator deems relevant and appropriate. 

(29)    “Qualifying IPO Event” means an IPO Event that occurs on or before Performance Year End.

 (30)    “Requirements” has the meaning assigned to it in Section D(1) of these Vesting
Requirements. 
 (31)    “Service Requirement Start Date” shall mean the date set forth next to
the label “Service Requirement Start Date” in Part I of this Award Agreement. For the avoidance of doubt, nothing herein shall be deemed to require Participant to have been a Service Provider prior to the Date of Grant in order to hold
Growth Units or to have the Growth Units vest. 
 (32)    “Thirteen-Month Anniversary” means the
date that is thirteen (13)-months after the Service Requirement Start Date. 
 (33)    “Three-Year
Anniversary” means the three (3)-year anniversary of the Service Requirement Start Date. 
 (34)    “Two-Year Anniversary” means the two (2)-year anniversary of the Service Requirement Start Date. 

(35)    “Trading Day” means a day the primary internationally-recognized stock/securities exchange
on which the Company’s common stock is listed is open for trading. 
 (36)    “Vesting
Date” has the meaning assigned to it in Section D of these Vesting Requirements. 

(37)    “Year 15” means the Fiscal Year in which the fifteenth (15th) anniversary of the Date of Grant falls. 
 oOo 

  
 -29- 

 PALANTIR TECHNOLOGIES INC. 

AMENDED 2010 EQUITY INCENTIVE PLAN 

RESTRICTED STOCK AGREEMENT 

Unless otherwise defined herein, the terms defined in the Amended 2010 Equity Incentive Plan (the “Plan”) shall have the same
defined meanings in this Restricted Stock Agreement (the “Agreement”). 
  

	I.	 NOTICE OF GRANT OF RESTRICTED STOCK 

 

					
	Name:	 	  
	 	
			
	Address:    	 	  
	 	
			
		 	  
	 	

 The undersigned Participant has been granted a Restricted Stock Award to receive shares of the
Company’s Class A Common Stock or Class B Common Stock, as specified below, subject to the terms and conditions of the Plan and this Agreement, as follows: 

 

					
	Date of Grant:	 	  
	  	
			
	Total Number of Shares of:	 		  	
	Restricted Stock:	 	  
	  	
			
	Class of Common Stock Granted:	 	                Class A Common Stock	  	
			
		 	                Class B Common Stock	  	

 Vesting Schedule: 

Subject to any accelerated vesting provisions in the Plan, the grant shall vest as follows, subject to Participant continuing to be a Service
Provider through each such date: 
 [VESTING SCHEDULE] 

Notwithstanding the foregoing, in accordance with Section 11 of the Plan, unless the Administrator provides otherwise or as otherwise
required by Applicable Laws, (1) the vesting schedule of the Shares of Restricted Stock will be adjusted or suspended during any leave of absence in accordance with the Company’s leave of absence and /reduced work schedule / part-time
policy in effect at the time of such leave and (2) if, after the Date of Grant of the Shares of Restricted Stock, Participant commences working on a part-time or reduced work schedule basis, the vesting schedule will be adjusted in accordance
with the Company’s reduced work schedule/ part-time policy then in effect. 

 Any of the Shares of Restricted Stock granted under this Agreement which have not yet vested
as of a given time are referred to herein as “Unvested Shares of Restricted Stock.” The Shares which have vested shall be delivered to Participant in accordance with the terms of the escrow agreement (see Section 10 of Part II of
this Agreement). 
  

	II.	 AGREEMENT 

1.    Grant of Restricted Stock. The Company hereby grants to the person named in the Notice of Grant of Restricted
Stock in Part I of this Agreement (“Participant”) under the Plan for services performed and to be performed by Participant for the Company and as a separate incentive in connection with his or her services and not in lieu of any
salary or other compensation for his or her services, the number of Shares set forth in the Notice of Grant of Restricted Stock, subject to all of the terms and conditions in this Agreement and the Plan, which is incorporated herein by reference.
Subject to Section 18(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and this Agreement, the terms and conditions of the Plan shall prevail. 

2.    Participant’s Representations. In the event the Shares have not been registered under the Securities Act
of 1933, as amended, at the time this Restricted Stock Award is granted, Participant shall, if required by the Company, concurrently with the grant of this Restricted Stock Award, deliver to the Company his or her Investment Representation Statement
in the form attached hereto as Exhibit A. 

3.    Lock-Up Period. Participant hereby agrees that Participant shall not
offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any Common
Stock (or other securities) of the Company or enter into any swap, hedging or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any Common Stock (or other securities) of the Company
held by Participant (other than those included in the registration) for a period specified by the representative of the underwriters of Common Stock (or other securities) of the Company not to exceed one hundred and eighty (180) days following
the effective date of any registration statement of the Company filed under the Securities Act (or such other period as may be requested by the Company or the underwriters to accommodate regulatory restrictions on (i) the publication or other
distribution of research reports and (ii) analyst recommendations and opinions, including, but not limited to, the restrictions contained in NASD Rule 2711(f)(4) or NYSE Rule 472(f)(4), or any successor provisions or amendments
thereto). 
 Participant agrees to execute and deliver such other agreements as may be reasonably requested by the Company or the
underwriter which are consistent with the foregoing or which are necessary to give further effect thereto. In addition, if requested by the Company or the representative of the underwriters of Common Stock (or other securities) of the Company,
Participant shall provide, within ten (10) days of such request, such information as may be required by the Company or such representative in connection with the completion of any public offering of the Company’s securities pursuant to a
registration statement filed under the Securities Act. The obligations described in this Section 3 shall not apply to a registration relating solely to employee benefit plans on Form S-1 or Form S-8 or similar forms that may be promulgated in the future, or a registration relating solely to a Commission Rule 145 transaction on Form S-4 or similar forms that

  
 -2- 

 
may be promulgated in the future. The Company may impose stop-transfer instructions with respect to the shares of Common Stock (or other securities) subject to the foregoing restriction until the
end of said one hundred and eighty (180) day (or other) period. Participant agrees that any transferee of the Restricted Stock Award or Shares acquired pursuant to the Restricted Stock Award shall be bound by this Section 3. 

4.    Non-Transferability of Restricted Stock. This Restricted Stock Award
may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Participant only by Participant. The terms of the Plan and this Agreement shall be binding upon the
executors, administrators, heirs, successors and assigns of Participant. Further, any transfer of this Restricted Stock Award not made in conformity with the terms of this Restricted Stock Award shall be null and void, shall not be recorded on the
books of the Company and shall not be recognized by the Company. 
 5.    Tax Consequences. Participant has
reviewed with Participant’s own tax advisors the federal, state, local and foreign tax consequences of this investment and the transactions contemplated by this Agreement. Participant is relying solely on such advisors and not on any statements
or representations of the Company or any of its agents. Participant understands that Participant (and not the Company) shall be responsible for Participant’s own tax liability that may arise as a result of the transactions contemplated by this
Agreement. Participant understands that Section 83 of the Internal Revenue Code of 1986, as amended (the “Code”), taxes as ordinary income the difference between the purchase price, if any, for the Shares and the Fair Market Value of
the Shares as of each vesting date. Participant understands that Participant may elect to be taxed at the time the Shares are granted rather than when such Shares vest by filing an election under Section 83(b) of the Code (the “83(b)
Election”) with the IRS within thirty (30) days from the date of grant of the Restricted Stock Award. The form for making this election is attached as Exhibit B-3 hereto.

 PARTICIPANT ACKNOWLEDGES THAT IT IS PARTICIPANT’S SOLE RESPONSIBILITY AND NOT THE COMPANY’S TO FILE TIMELY THE 83(b) ELECTION,
EVEN IF PARTICIPANT REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON PARTICIPANT’S BEHALF. 

6.    Tax Withholding. Pursuant to such procedures as the Administrator may specify from time to time, the Company
shall withhold the minimum amount required to be withheld for the payment of income, employment and other taxes which the Company determines must be withheld (the “Withholding Taxes”) with respect to the filing of an 83(b) Election, or, if
an 83(b) Election is not filed or not timely filed, upon each vesting date, by, in the Administrator’s discretion: (i) withholding otherwise deliverable Shares having a Fair Market Value equal to the amount of such Withholding Taxes,
(ii) withholding the amount of such Withholding Taxes from Participant’s paycheck(s), (iii) requiring Participant to make appropriate arrangements with the Company (or the Parent or Subsidiary employing or retaining Participant) for
the satisfaction of all Withholding Taxes, or (iv) a combination of the foregoing. The Company shall not retain fractional Shares to satisfy any portion of the Withholding Taxes. Accordingly, if any withholding is done through the withholding
of Shares, Participant shall pay to the Company an amount in cash sufficient to satisfy the remaining Withholding Taxes due and payable as a result of the Company not retaining 

  
 -3- 

 
fractional Shares. Should the Company be unable to procure such cash amounts from Participant, Participant agrees and acknowledges that Participant is giving the Company permission to withhold
from Participant’s paycheck(s) an amount equal to the remaining Withholding Taxes due and payable as a result of the Company not retaining fractional Shares. Participant acknowledges and agrees that the Company may refuse to honor the exercise
and refuse to deliver the Shares if such withholding amounts are not delivered at the time they are due. 
 7.    No
Guarantee of Continued Service. PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF THE SHARES OF RESTRICTED STOCK PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE
PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS RESTRICTED STOCK AWARD OR ACQUIRING SHARES HEREUNDER. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE
TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE IN
ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. 

8.    Forfeiture Upon Termination as a Service Provider. Notwithstanding any contrary provision of this Agreement
or the Notice of Grant of Restricted Stock, if Participant terminates service as a Service Provider for any or no reason prior to vesting, the then Unvested Shares of Restricted Stock awarded by this Agreement will thereupon be forfeited and
automatically transferred to and reacquired by the Company at no cost to the Company upon the date of such termination and Participant will have no further rights thereunder. Participant hereby appoints the Escrow Agent with full power of
substitution, as Participant’s true and lawful attorney-in-fact with irrevocable power and authority in the name and on behalf of Participant to take any action and
execute all documents and instruments, including, without limitation, stock powers which may be necessary to transfer any certificate or certificates evidencing such Unvested Shares of Restricted Stock to the Company upon such termination of
service. 
 9.    Restriction on Transfer. Except for the escrow described in Section 10 or transfer of the
Shares to the Company or its assignees contemplated by this Agreement, none of the Shares or any beneficial interest therein shall be transferred, encumbered or otherwise disposed of in any way until such Shares shall have vested in accordance with
the provisions of this Agreement, other than by will or the laws of descent and distribution. Any distribution or delivery to be made to Participant under this Agreement shall, if Participant is then deceased, be made to Participant’s
designated beneficiary, or if no beneficiary survives Participant, to the administrator or executor of Participant’s estate. Any such transferee must furnish the Company with (a) written notice of his or her status as transferee, and
(b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer. 

  
 -4- 

 10.     Escrow of Shares. 

(a)    All Shares of Restricted Stock will, upon execution of this Agreement, be delivered and deposited with an escrow
holder designated by the Company (the “Escrow Holder”), together with the Assignment Separate from Certificate (the “Stock Assignment”) duly endorsed in blank, attached hereto as Exhibit
B-1. The Shares of Restricted Stock and the Stock Assignment will be held by the Escrow Holder, pursuant to the Joint Escrow Instructions of the Company and Participant attached as Exhibit B-2 hereto. 
 (b)    The Escrow Holder shall not be liable for any act it may do
or omit to do with respect to holding the Shares of Restricted Stock in escrow and while acting in good faith and in the exercise of its judgment. 

(c)    Upon Participant’s termination as a Service Provider for any reason, the Escrow Holder, upon receipt of
written notice of such termination, will take all steps necessary to accomplish the transfer of the Unvested Shares of Restricted Stock to the Company. Participant hereby appoints the Escrow Holder with full power of substitution, as
Participant’s true and lawful attorney-in-fact with irrevocable power and authority in the name and on behalf of Participant to take any action and execute all
documents and instruments, including, without limitation, stock powers which may be necessary to transfer any certificate or certificates evidencing such Unvested Shares of Restricted Stock to the Company upon such termination. 

(d)    The Escrow Holder will take all steps necessary to accomplish the transfer of Shares of Restricted Stock to
Participant after they vest following Participant’s request that the Escrow Holder do so. 
 (e)    Subject to the
terms hereof, Participant shall have all the rights of a shareholder with respect to such Shares while they are held in escrow, including without limitation, the right to vote the Shares and receive any cash dividends declared thereon. 

(f)    In the event of any merger, reorganization, consolidation, recapitalization, separation, liquidation, stock
dividend, split-up, share combination, or other change in the corporate structure of the Company affecting the Common Stock, the Shares shall be increased, reduced or otherwise changed, and by virtue of any
such change Participant shall in his or her capacity as owner of the Unvested Shares of Restricted Stock that have been awarded to him or her be entitled to new or additional or different shares of stock, cash or securities (other than rights or
warrants to purchase securities); such new or additional or different shares, cash or securities shall thereupon be considered to be “Unvested Shares of Restricted Stock” and shall be subject to all of the conditions and restrictions which
were applicable to the Unvested Shares of Restricted Stock pursuant to this Agreement. If Participant receives rights or warrants with respect to any Unvested Shares of Restricted Stock, such rights or warrants may be held or exercised by
Participant, provided that until such exercise any such rights or warrants and after such exercise any shares or other securities acquired by the exercise of such rights or warrants shall be considered to be Unvested Shares of Restricted Stock and
shall be subject to all of the conditions and restrictions which were applicable to the Unvested Shares of Restricted Stock pursuant to this Agreement. The Administrator in its absolute discretion at any time may accelerate the vesting of all or any
portion of such new or 

  
 -5- 

 
additional shares of stock, cash or securities, rights or warrants to purchase securities or shares or other securities acquired by the exercise of such rights or warrants. 

11.    Company’s Right of First Refusal. Subject to Section 9, before any vested Shares
held by Participant or any transferee (either being sometimes referred to herein as the “Holder”) may be sold or otherwise transferred (including transfer by gift, operation of law or upon the Participant’s death or disability), the
Company or its assignee(s) shall have a right of first refusal to purchase the Shares on the terms and conditions set forth in this Section 11 (the “Right of First Refusal”). For the avoidance of doubt, the Right of First Refusal
shall apply to any transfer in connection with the Participant’s death, including but not limited to a transfer by will or intestacy, as well as upon a transfer during the Participant’s lifetime to a legal representative (including a
guardian or conservator) of the Participant upon the disability of the Participant. For the avoidance of any doubt, the Right of First Refusal is in addition to the Right of Repurchase set forth in Section 12 and the forfeiture provisions of
Section 8, and does not supersede or become superseded by such Right of Repurchase or forfeiture provisions. 

(a)    Notice of Proposed Transfer. The Holder of the Shares shall deliver to the Company a written notice (the
“Notice”) stating: (i) the Holder’s bona fide intention to sell or otherwise transfer such Shares; (ii) the name of each proposed purchaser or other transferee (“Proposed Transferee”); (iii) the number of Shares to
be transferred to each Proposed Transferee; and (iv) the bona fide cash price or other consideration, if any, for which the Holder proposes to transfer the Shares (the “Offered Price”), and the Holder shall offer the Shares at the
Offered Price to the Company or its assignee(s). If the transfer is for no consideration, the Offered Price shall be deemed to be the Fair Market Value of the Shares on the date of the Notice. By way of example but not limitation, upon a transfer
that otherwise would occur by will or intestacy upon the Participant’s death, the Offered Price shall be deemed to be the Fair Market Value of the Shares on the date of the Notice. The transfer of any Shares shall be subject to the restrictions
on transfer, if any, set forth in the Company’s certificate of incorporation or bylaws. 
 (b)    Exercise of
Right of First Refusal. At any time within thirty (30) days after receipt of the Notice, the Company and/or its assignee(s) may, by giving written notice to the Holder, elect to purchase all, but not less than all, of the Shares proposed to
be transferred to any one or more of the Proposed Transferees, at the purchase price determined in accordance with subsection (c) below. 

(c)    Purchase Price. The purchase price (“Right of First Refusal Price”) for the Shares purchased by
the Company or its assignee(s) under this Section 11 shall be the Offered Price. If the Offered Price includes consideration other than cash, the cash equivalent value of the non-cash consideration shall
be determined by the Board in good faith. 
 (d)    Payment. Payment of the Right of First Refusal Price shall be
made, at the option of the Company or its assignee(s), in cash (by check), by cancellation of all or a portion of any outstanding indebtedness of the Holder to the Company (or, in the case of repurchase by an assignee, to the assignee), or by any
combination thereof within thirty (30) days after receipt of the Notice or in the manner and at the times set forth in the Notice. 

  
 -6- 

 (e)    Holder’s Right to Transfer. Subject to the
restrictions on transfer, if any, set forth in the Company’s certificate of incorporation or bylaws, if all of the Shares proposed in the Notice to be transferred to a given Proposed Transferee are not purchased by the Company and/or its
assignee(s) as provided in this Section 11, then the Holder may sell or otherwise transfer such Shares to that Proposed Transferee at the Offered Price or at a higher price, provided that such sale or other transfer is consummated within sixty
(60) days after the date of the Notice, that any such sale or other transfer is effected in accordance with any applicable securities laws and that the Proposed Transferee agrees in writing that the provisions of this Section 11 shall
continue to apply to the Shares in the hands of such Proposed Transferee. In addition to the restrictions enumerated in the foregoing sentence, and unless otherwise determined by the Administrator, Holder may not sell or otherwise transfer such
Shares to a Proposed Transferee if such Proposed Transferee is an individual, company or other entity identified by the Company as a potential competitor or is otherwise considered unfriendly to the interests of the Company by the Board of Directors
of the Company. If the Shares described in the Notice are not transferred to the Proposed Transferee within such period, a new Notice shall be given to the Company, and the Company and/or its assignees shall again be offered the Right of First
Refusal before any Shares held by the Holder may be sold or otherwise transferred. The terms of this Section 11(e) may be waived by the Company in its sole discretion. In the case of any transfer effected in accordance with this
Section 11(e), the transferee, assignee or other recipient must have agreed in writing that they are receiving and will hold the Shares subject to the provisions of this Section 11 and Section 12, and there shall be no further
transfer of such Shares except in accordance with this Section 11 or Section 12. 
 (f)    Exception for
Tax or Estate Planning. Notwithstanding anything to the contrary contained in this Section 11, the Participant’s transfer of the Shares during Participant’s lifetime or on Participant’s death by beneficiary designation, will
or intestacy, in each case that is effected for estate or tax planning purposes pursuant to a gift or other transfer without consideration to a single transferee shall be exempt from the provisions of this Section 11; provided, however, that
except with respect to a transfer required by a domestic relations order, until and unless the restrictions of this Section 11(f) have terminated pursuant to Section 11(g), any such transfer (1) must result in the transfer of all of
Participant’s Shares and other shares of Company common stock then held by Participant to such transferee, and (2) Participant or Participant’s legal representative (including a guardian or conservator) must agree that any shares of
Company common stock acquired by Participant or Participant’s estate or beneficiary after the date of such transfer will be automatically transferred, without further action by the Participant or such legal representative, to the same
transferee such that neither the transfer nor any subsequent acquisition of Company common stock results in any shares of Company common stock being “held of record” (as such term is defined in Rule
12g5-1 promulgated under the Securities Exchange Act of 1934) by a larger number of stockholders of the Company following such transfer or subsequent acquisition. Any such transferee must have agreed in
writing that they are receiving and holding the Shares subject to the provisions of this Section 11 and Section 12, and there shall be no further transfer of such Shares except in accordance with this Section 11 or Section 12.

 (g)    Termination of Right of First Refusal. The Right of First Refusal shall terminate as to any Shares upon
the earlier of (i) the first sale of Common Stock of the Company to the general public, or (ii) a Change in Control in which the successor corporation has equity securities that are publicly traded. 

  
 -7- 

 12.    Right of Repurchase. 

(a)    Repurchase Right. If Participant’s status as a Service Provider is terminated as a result of
Participant’s death, the Company shall have the right and option for ninety (90) days from such date to purchase from the personal representative of the Participant’s estate, the Participant’s designated beneficiary or from any
person(s) to whom the Shares are transferred pursuant to the Participant’s will or in accordance with the laws of descent and distribution, as the case may be (the “Legal Representative”), all of Participant’s Shares acquired
pursuant to this Restricted Stock Award as of the date of such termination at the Fair Market Value of such Shares (as determined under the Plan) on the date of such termination (the “Right of Repurchase”). For the avoidance of any doubt,
the Right of Repurchase is in addition to the Right of First Refusal set forth in Section 11 and to the forfeiture provisions of Section 8, and does not supersede or become superseded by such Right of First Refusal or forfeiture
provisions. 
 (b)    Exercise of Right of Repurchase. Upon the occurrence of such termination as a result of
Participant’s death, the Company may exercise its Right of Repurchase by delivering personally or by registered mail, to Participant’s Legal Representative, a notice in writing indicating the Company’s intention to exercise the Right
of Repurchase AND, at the Company’s option, (i) by delivering to Participant’s Legal Representative a check in the amount of the aggregate repurchase price, or (ii) by the Company canceling an amount of Participant’s
indebtedness to the Company equal to the aggregate repurchase price, or (iii) by a combination of (i) and (ii) so that the combined payment and cancellation of indebtedness equals such aggregate repurchase price. Upon delivery of such
notice and payment of the aggregate repurchase price in any of the ways described above, the Company shall become the legal and beneficial owner of the Shares being repurchased and the rights and interests therein or relating thereto, and the
Company shall have the right to retain and transfer to its own name the number of Shares being repurchased by the Company. 

(c)    Designation. Whenever the Company shall have the right to repurchase Shares hereunder, the Company may
designate and assign one or more employees, officers, directors or shareholders of the Company or other persons or organizations to exercise all or a part of the Company’s Right of Repurchase under this Exercise Notice and purchase all or a
part of such Shares. 
 (d)    Exception for Tax or Estate Planning. Notwithstanding anything to the contrary
contained in this Section 12, the Participant’s transfer of the Shares during the Participant’s lifetime or on the Participant’s death by beneficiary designation, will or intestacy, in each case that is effected for estate or tax
planning purposes pursuant to a gift or other transfer without consideration to a single transferee shall be exempt from the provisions of this Section 12; provided, however, that except with respect to a transfer required by a domestic
relations order, until and unless the restrictions of this Section 12(d) have terminated pursuant to Section 12(f), any such transfer (1) must result in the transfer of all of Participant’s Shares and other shares of Company common
stock then held by Participant to such transferee, and (2) Participant or Participant’s legal representative (including a guardian or conservator) must agree that any shares of Company common stock acquired by Participant or
Participant’s estate or beneficiary after the date of such transfer will be automatically transferred, without further action by the Participant or such legal representative, to the same transferee such that neither the transfer nor any
subsequent acquisition of Company common stock results in any shares of Company common stock being “held 

  
 -8- 

 
of record” (as such term is defined in Rule 12g5-1 promulgated under the Securities Exchange Act of 1934) by a larger number of stockholders of the
Company following such transfer or subsequent acquisition. Any such transferee must have agreed in writing that they are receiving and holding the Shares subject to the provisions of Section 11 and this Section 12, and there shall be no
further transfer of such Shares except in accordance with Section 11 or this Section 12. 

(e)    Termination for Failure to Exercise. If the Company does not elect to exercise the Right of Repurchase
conferred above by giving the requisite notice within ninety (90) days following the date of such termination, the Right of Repurchase shall terminate. 

(f)    Termination. Notwithstanding the foregoing, the Right of Repurchase shall terminate as to any Shares upon
the earlier of (i) the first sale of Common Stock of the Company to the general public, or (ii) a Change in Control of the Company in which the successor corporation has equity securities that are publicly traded. 

13.    Waiver. The provisions of Sections 11 and 12 may be waived, with respect to any transaction subject
thereto, by the Board; provided, however, that the restrictions and requirements set forth in Section 11 and 12 shall continue to apply to the Shares subsequent to such transaction. 

14.    Restrictive Legends and Stop-Transfer Orders. 

(a)    Legends. Participant understands and agrees that the Company shall cause the legends set forth below or
legends substantially equivalent thereto, to be placed upon any certificate(s) evidencing ownership of the Shares together with any other legends that may be required by the Company or by state or federal securities laws: 

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”) AND MAY NOT BE OFFERED, SOLD
OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER THE ACT OR, IN THE OPINION OF COUNSEL SATISFACTORY TO THE ISSUER OF THESE SECURITIES, SUCH OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION IS IN COMPLIANCE
THEREWITH. 
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER, A RIGHT OF FIRST REFUSAL, A RIGHT
OF REPURCHASE AND FORFEITURE RIGHTS IN FAVOR OF THE ISSUER OR ITS ASSIGNEE(S) AS SET FORTH IN THE RESTRICTED STOCK AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE
ISSUER. SUCH TRANSFER RESTRICTIONS, RIGHT OF FIRST REFUSAL, RIGHT OF REPURCHASE, AND FORFEITURE RIGHTS IN FAVOR OF THE ISSUER OR ITS ASSIGNEE(S) ARE BINDING ON TRANSFEREES OF THESE SHARES. 

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER FOR A PERIOD OF TIME FOLLOWING THE

  
 -9- 

 
EFFECTIVE DATE OF THE UNDERWRITTEN PUBLIC OFFERING OF THE COMPANY’S SECURITIES SET FORTH IN AN AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES AND MAY NOT BE SOLD OR
OTHERWISE DISPOSED OF BY THE HOLDER PRIOR TO THE EXPIRATION OF SUCH PERIOD WITHOUT THE CONSENT OF THE COMPANY OR THE MANAGING UNDERWRITER. 

(b)    Stop-Transfer Notices. Participant agrees that, in order to ensure compliance with the restrictions referred
to herein, the Company may issue appropriate “stop transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate notations to the same effect in its own records.

 (c)    Refusal to Transfer. The Company shall not be required (i) to transfer on its books any Shares
that have been sold or otherwise transferred in violation of any of the provisions of this Agreement or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such
Shares shall have been so transferred. 
 (d)    Void Transfers. Any transfer not made in conformity with the
terms of this Agreement shall be null and void. 
 15.    Address for Notices. Any notice to be given to the
Company under the terms of this Award Agreement will be addressed to the Company at 100 Hamilton Ave., Suite 300, Palo Alto, CA 94301, or at such other address as the Company may hereafter designate in writing. 

Any notice to the Escrow Holder shall be sent to the Company’s address with a copy to the other party not sending the notice. 

16.    Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to the
Shares of Restricted Stock awarded under the Plan or future Restricted Stock that may be awarded under the Plan by electronic means or request Participant’s consent to participate in the Plan by electronic means. Participant hereby consents to
receive such documents by electronic delivery and agrees to participate in the Plan through any on-line or electronic system established and maintained by the Company or another third party designated by the
Company. 
 17.    No Waiver. Either party’s failure to enforce any provision or provisions of this
Agreement shall not in any way be construed as a waiver of any such provision or provisions, nor prevent that party from thereafter enforcing each and every other provision of this Agreement. The rights granted both parties herein are cumulative and
shall not constitute a waiver of either party’s right to assert all other legal remedies available to it under the circumstances. 

18.    Successors and Assigns. The Company may assign any of its rights under this Agreement to single or multiple
assignees, and this Agreement shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth, this Agreement shall be binding upon Participant and his or her heirs, executors,
administrators, successors and assigns. The rights and obligations of Participant under this Agreement may only be assigned with the prior written consent of the Company. 

  
 -10- 

 19.    Interpretation. The Administrator will have the power to
interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination
of whether or not any Shares of Restricted Stock have vested). All actions taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon Participant, the Company and all other interested
persons. Neither the Administrator nor any person acting on behalf of the Administrator will be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Agreement. 

20.    Additional Documents. Participant agrees upon request to execute any further documents or instruments
necessary or desirable to carry out the purposes or intent of this Agreement. 
 21.    Governing Law;
Severability. This Agreement is governed by the internal substantive laws, but not the choice of law rules, of California. In the event that any provision hereof becomes or is declared by a court of competent jurisdiction to be illegal,
unenforceable or void, this Agreement shall continue in full force and effect. 
 22.    Notice by Electronic
Transmission. Participant hereby consents to receive any notice given by the Company under its Amended and Restated Certificate of Incorporation or Bylaws, as the same may be amended and/or restated from time to time, or the General Corporation
Law of the State of Delaware, by electronic mail at the electronic mail address set forth on the signature page to this Agreement in accordance with Section 232 of the General Corporation Law of the State of Delaware. Participant further agrees
to notify the Company of any change to such electronic mail address as set forth on the signature page hereto, and further agrees that the provision of such notice shall constitute my consent to receive notice as provided in this section at such
electronic mail address. In the event that the Company is unable to deliver notice at the electronic mail address so provided, Participant hereby agrees, within two business days after a request by the Company, to provide the Company with a valid
electronic mail address to which Participant consents to receive such notice as provided in this section. 

23.    Uncertificated Shares. Participant acknowledges and agrees that the Shares granted under this Agreement may
be uncertificated and registered in book-entry form and/or electronic share registration and that Participant shall not be entitled to receive any certificate or certificates representing such Shares. 

24.    Entire Agreement. The Plan is incorporated herein by reference. The Plan and this Agreement (including the
exhibits referenced herein) constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and Participant with respect to the subject
matter hereof, and may not be modified adversely to the Participant’s interest except by means of a writing signed by the Company and Participant. 

[SIGNATURE PAGE FOLLOWS] 

  
 -11- 

 Participant acknowledges receipt of a copy of the Plan and represents that he or she is
familiar with the terms and provisions thereof, and hereby accepts this Agreement subject to all of the terms and provisions thereof. Participant has reviewed the Plan and this Agreement in their entirety, has had an opportunity to obtain the advice
of counsel prior to executing this Agreement and fully understands all provisions of this Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions
arising under the Plan or this Agreement. Participant further agrees to notify the Company upon any change in the residence address indicated below. 
  

					
	PARTICIPANT	  		 	PALANTIR TECHNOLOGIES INC.
			
	  
	  		 	  

	Signature	  		 	By
			
	  
	  		 	      

	Print Name	  		 	Print Name
			
	  
	  		 	      

		  		 	Title
			
	  
	  		 	
	Residence Address	  		 	
			
	  
	  		 	
	Email Address	  		 	

  
 -12- 

 EXHIBIT A 

INVESTMENT REPRESENTATION STATEMENT 
  

					
	PARTICIPANT	  	:	  	
			
	COMPANY	  	:	  	PALANTIR TECHNOLOGIES INC.
			
	SECURITY	  	:	  	CLASS [A] COMMON STOCK
			
	AMOUNT	  	:	  	
			
	DATE	  	:	  	

 In connection with the receipt of the above-listed Securities, the undersigned Participant represents to the
Company the following: 
 (a)    Participant is aware of the Company’s business affairs and financial condition and
has acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire the Securities. Participant is acquiring these Securities for investment for Participant’s own account only and not with a view to,
or for resale in connection with, any “distribution” thereof within the meaning of the Securities Act of 1933, as amended (the “Securities Act”). 

(b)    Participant acknowledges and understands that the Securities constitute “restricted securities” under the
Securities Act and have not been registered under the Securities Act in reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of Participant’s investment intent as expressed herein.
In this connection, Participant understands that, in the view of the Securities and Exchange Commission, the statutory basis for such exemption may be unavailable if Participant’s representation was predicated solely upon a present intention to
hold these Securities for the minimum capital gains period specified under tax statutes, for a deferred sale, for or until an increase or decrease in the market price of the Securities, or for a period of one year or any other fixed period in the
future. Participant further understands that the Securities must be held indefinitely unless they are subsequently registered under the Securities Act or an exemption from such registration is available. Participant further acknowledges and
understands that the Company is under no obligation to register the Securities. Participant understands that any certificate evidencing the Securities shall be imprinted with any legend required under applicable state securities laws. 

(c)    Participant is familiar with the provisions of Rule 701 and Rule 144, each promulgated under the
Securities Act, which, in substance, permit limited public resale of “restricted securities” acquired, directly or indirectly from the issuer thereof, in a non-public offering subject to the
satisfaction of certain conditions. Rule 701 provides that if the issuer qualifies under Rule 701 at the time of the grant of the Restricted Stock Award to Participant, the exercise shall be exempt from registration under the Securities
Act. In the event the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, ninety (90) days thereafter (or such longer period as any market
stand-off agreement may require) the Securities 

  
 -13- 

 
exempt under Rule 701 may be resold, subject to the satisfaction of the applicable conditions specified by Rule 144, including in the case of affiliates (1) the availability of
certain public information about the Company, (2) the amount of Securities being sold during any three (3) month period not exceeding specified limitations, (3) the resale being made in an unsolicited “broker’s
transaction”, transactions directly with a “market maker” or “riskless principal transactions” (as those terms are defined under the Securities Exchange Act of 1934) and (4) the timely filing of a Form 144, if
applicable. 
 In the event that the Company does not qualify under Rule 701 at the time of grant of the Restricted Stock Award, then
the Securities may be resold in certain limited circumstances subject to the provisions of Rule 144, which may require (i) the availability of current public information about the Company; (ii) the resale to occur more than a
specified period after the purchase and full payment (within the meaning of Rule 144) for the Securities; and (iii) in the case of the sale of Securities by an affiliate, the satisfaction of the conditions set forth in sections (2),
(3) and (4) of the paragraph immediately above. 
 (d)    Participant further understands that in the event all of
the applicable requirements of Rule 701 or 144 are not satisfied, registration under the Securities Act, compliance with Regulation A, or some other registration exemption shall be required; and that, notwithstanding the fact that
Rules 144 and 701 are not exclusive, the Staff of the Securities and Exchange Commission has expressed its opinion that persons proposing to sell private placement securities other than in a registered offering and otherwise than pursuant to
Rules 144 or 701 shall have a substantial burden of proof in establishing that an exemption from registration is available for such offers or sales, and that such persons and their respective brokers who participate in such transactions do so
at their own risk. Participant understands that no assurances can be given that any such other registration exemption shall be available in such event. 
  

	
	PARTICIPANT
	
	  

	Signature
	
	  

	Print Name
	
	  

	Date

  
 -14- 

 EXHIBIT B-1 

ASSIGNMENT SEPARATE FROM CERTIFICATE 

FOR VALUE RECEIVED I,
                    , hereby sell, assign and transfer unto Palantir Technologies Inc.
             shares of Class [A] Common Stock of Palantir Technologies Inc. standing in my name on the books of said corporation represented by Certificate or Book-Entry Share
Registration No.      and do hereby irrevocably constitute and appoint                      to transfer the said stock on
the books of the within named corporation with full power of substitution in the premises. 
 This Stock Assignment may be used only in
accordance with the Restricted Stock Agreement between Palantir Technologies Inc. and the undersigned dated              ,          (the
“Agreement”). 
  

					
	Dated:            ,         	 		 	Signature:                                    
                                         
           

 INSTRUCTIONS: Please do not fill in any blanks other than the signature line. The purpose of this assignment is to
enable the Company to transfer the Unvested Shares of Restricted Stock to the Company upon Participant’s termination as a Service Provider, without requiring additional signatures on the part of Participant. 

  
 -15- 

 EXHIBIT B-2 

JOINT ESCROW INSTRUCTIONS 

             ,         

Palantir Technologies Inc. (the “Company”) and the undersigned recipient of stock of the Company (the “Participant”),
hereby authorize and direct Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP (the “Escrow Agent”) to hold the documents delivered to the Escrow Agent pursuant to the terms of that certain Restricted Stock Agreement
(the “Agreement”) between the Company and the Participant, and by accepting these documents the Escrow Agent acknowledges and agrees to the terms set forth herein and agrees to act as Escrow Agent hereunder, in accordance with the
following instructions: 
 1.    At the closing, the Escrow Agent is directed (a) to date the stock assignments
necessary for the transfer in question, (b) to fill in the number of shares being transferred, and (c) to deliver the stock assignments, together with any certificate evidencing the shares of stock to be transferred, to the Company or its
assignee. 
 2.    The Participant irrevocably authorizes the Company to deposit with the Escrow Agent any certificates
evidencing shares of stock to be held by the Escrow Agent hereunder and any additions and substitutions to said shares as defined in the Agreement. The Participant does hereby irrevocably constitute and appoint the Escrow Agent as Participant’s
attorney-in-fact and agent for the term of this escrow to execute with respect to such securities all documents necessary or appropriate to make such securities
negotiable and to complete any transaction herein contemplated, including, but not limited to, the filing with any applicable state blue sky authority of any required applications for consent to, or notice of transfer of, the securities. Subject to
the provisions of this paragraph 2, the Participant shall exercise all rights and privileges of a stockholder of the Company while the stock is held by the Escrow Agent. 

3.    Upon written request of the Participant, but no more than once per calendar year, unless the shares are forfeited,
the Escrow Agent shall deliver to Participant written confirmation regarding shares of stock that have vested. Within one hundred and twenty (120) days after cessation of Participant’s continuous employment by or services to the Company,
or any parent or subsidiary of the Company, the Escrow Agent shall deliver to Participant, promptly upon written request, written confirmation of the aggregate number of shares held or issued pursuant to the Agreement that have vested. Upon any
forfeiture of such shares, the Escrow Agent shall deliver or electronically transfer such shares to the Company. 

4.    If at the time of termination of this escrow the Escrow Agent should have in its possession any documents,
securities, or other property belonging to the Participant, the Escrow Agent shall deliver all of the same to Participant and shall be discharged of all further obligations hereunder. 

5.    The Escrow Agent’s duties hereunder may be altered, amended, modified or revoked only by a writing signed by
the Company, the Participant and the Escrow Agent. 

 6.    The Escrow Agent shall be obligated only for the performance of
such duties as are specifically set forth herein and may rely and shall be protected in relying or refraining from acting on any instrument reasonably believed by the Escrow Agent to be genuine and to have been signed or presented by the proper
party or parties. The Escrow Agent shall not be personally liable for any act it may do or omit to do hereunder as Escrow Agent or as attorney-in-fact for the
Participant while acting in good faith, and any act done or omitted by the Escrow Agent pursuant to the advice of its own attorneys shall be conclusive evidence of such good faith. 

7.    The Escrow Agent is hereby expressly authorized to disregard any and all warnings given by any of the parties hereto
or by any other person or corporation, excepting only orders or process of courts of law and are hereby expressly authorized to comply with and obey orders, judgments or decrees of any court. In case the Escrow Agent obeys or complies with any such
order, judgment or decree, the Escrow Agent shall not be liable to any of the parties hereto or to any other person, firm or corporation by reason of such compliance, notwithstanding any such order, judgment or decree being subsequently reversed,
modified, annulled, set aside, vacated or found to have been entered without jurisdiction. 
 8.    The Escrow Agent
shall not be liable in any respect on account of the identity, authorities or rights of the parties executing or delivering or purporting to execute or deliver the Agreement or any documents or papers deposited or called for hereunder. 

9.    The Escrow Agent shall not be liable for the outlawing of any rights under the Statute of Limitations with respect
to these Joint Escrow Instructions or any documents deposited with the Escrow Agent. 
 10.    The Escrow Agent shall be
entitled to employ such legal counsel and other experts as it may deem necessary properly to advise it in connection with its obligations hereunder, may rely upon the advice of such counsel, and may pay such counsel reasonable compensation therefor.

 11.    The Escrow Agent’s responsibilities as Escrow Agent hereunder shall terminate if it shall cease to be an
officer or agent of the Company or if it shall resign by written notice to each party. In the event of any such termination, the Company shall appoint a successor Escrow Agent. 

12.    If the Escrow Agent reasonably requires other or further instruments in connection with these Joint Escrow
Instructions or obligations in respect hereto, the necessary parties hereto shall join in furnishing such instruments. 

13.    It is understood and agreed that should any dispute arise with respect to the delivery and/or ownership or right of
possession of the securities held by the Escrow Agent hereunder, the Escrow Agent is authorized and directed to retain in its possession without liability to anyone all or any part of said securities until such disputes shall have been settled
either by mutual written agreement of the parties concerned or by a final order, decree or judgment of a court of competent jurisdiction after the time for appeal has expired and no appeal has been perfected, but the Escrow Agent shall be under no
duty whatsoever to institute or defend any such proceedings. 
 14.    Any notice required or permitted hereunder shall
be given in writing and shall be deemed effectively given upon personal delivery or upon deposit in the United States Post Office, by 

  
 -2- 

 
registered or certified mail with postage and fees prepaid, addressed to each of the other parties thereunto entitled at the following addresses or at such other addresses as a party may
designate by ten (10) days’ advance written notice to each of the other parties hereto. 
 15.    By accepting
these documents the Escrow Agent acknowledges and agrees to the terms set forth herein and shall become a party hereto only for the purpose of said Joint Escrow Instructions and, for the avoidance of doubt, shall not become a party to the Agreement.
The Escrow Agent may execute these Joint Escrow Instructions, if at all, in order to acknowledge the terms hereof following the date these Joint Escrow Instructions are executed by the Company and the Participant, and such later execution, if so
executed after the date hereof, or failure of the Escrow Agent to execute these Joint Escrow Instructions, as applicable, shall not affect the binding nature of these Joint Escrow Instructions as of the date these Joint Escrow Instructions are first
executed by each of the Company and the Participant. The Escrow Agent is an intended third party beneficiary of these Joint Escrow Instructions and each of the Company and the Participant acknowledge and agree that these Joint Escrow Instructions
shall be binding upon and enforceable by each of the Company, the Participant and the Escrow Agent, as applicable, whether or not the Escrow Agent executes these Joint Escrow Instructions. 

16.    This instrument shall be binding upon and inure to the benefit of the parties hereto, and their respective
successors and permitted assigns. 
 17.    These Joint Escrow Instructions shall be governed by the internal
substantive laws, but not the choice of law rules, of California. 
  

					
	PARTICIPANT	 		 	PALANTIR TECHNOLOGIES INC.
			
	  
	 		 	  

	Signature	 		 	By
			
	  
	 		 	      

	Print Name	 		 	Print Name
			
	  
	 		 	      

		 		 	Title
			
	  
	 		 	
	Residence Address	 		 	

  
 -3- 

 THE TERMS OF THE JOINT ESCROW INSTRUCTIONS 

ARE HEREBY ACKNOWLEDGED AND AGREED: 
  

			
	ESCROW AGENT
	
	  

		
	Dated:	 	
                    

  
 -4- 

 EXHIBIT B-3 

ELECTION UNDER SECTION 83(b) 

OF THE INTERNAL REVENUE CODE OF 1986 
 The
undersigned taxpayer hereby elects, pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended, to include in taxpayer’s gross income or alternative minimum taxable income, as the case may be, for the current taxable year
the amount of any compensation taxable to taxpayer in connection with taxpayer’s receipt of the property described below. 
  

	1.	 The name, address, taxpayer identification number and taxable year of the undersigned are as follows:

  

							
	NAME:	 	
                    

	 	SPOUSE:	 	
                    

				
	ADDRESS: 	 	
                    

	 		 	
				
		 	
                    

	 		 	

  

							
	 TAXPAYER IDENTIFICATION NO.:
	 	
              
      
	 	TAXABLE YEAR: 	 	             

  

	2.	 The property with respect to which the election is made is described as
follows:                  shares (the “Shares”) of Class [A] Common Stock of Palantir Technologies Inc. (the “Company”).

  

	3.	 The date on which the property was transferred is:         
    ,         . 

  

	4.	 The property is subject to the following restrictions: 

The Shares may not be transferred and are subject to forfeiture under the terms of an agreement between the taxpayer and the Company. These
restrictions lapse upon the satisfaction of certain conditions contained in such agreement. 
  

	5.	 The Fair Market Value at the time of transfer, determined without regard to any restriction other than a
restriction which by its terms shall never lapse, of such property is: $        . 

  

	6.	 The amount (if any) paid for such property is: $        .

 The undersigned has submitted a copy of this statement to the person for whom the services were performed in connection with the
undersigned’s receipt of the above-described property. The transferee of such property is the person performing the services in connection with the transfer of said property. 

The undersigned understands that the foregoing election may not be revoked except with the consent of the Commissioner. 

 

					
	Dated:              ,         	 		 	  

		 		 	Taxpayer
	
	The undersigned spouse of taxpayer joins in this election.
			
	Dated:              ,         	 		 	  

		 		 	Spouse of Taxpayer

 PALANTIR TECHNOLOGIES INC. 

AMENDED 2010 EQUITY INCENTIVE PLAN 

STOCK APPRECIATION RIGHT AGREEMENT 

Unless otherwise defined herein, the terms defined in the Amended 2010 Equity Incentive Plan, as amended from time to time (the
“Plan”) shall have the same defined meanings in this Stock Appreciation Right Agreement (the “Agreement”). 
  

	I.	 NOTICE OF STOCK APPRECIATION RIGHT GRANT 

Name of Participant: 

Address: 
 The undersigned
Participant has been granted a Stock Appreciation Right (as defined below) payable in cash based on the value of the underlying Shares of the Company’s Class A Common Stock or Class B Common Stock, as specified below, subject to the
terms and conditions of the Plan and this Agreement, as follows: 
  

					
	Date of Grant:	  		  	
			
	Vesting Commencement Date:	  		  	
			
	Exercise Price per Share:	  		  	
			
	Total Number of Shares:	  		  	
			
	Class of Common Stock:	  	        	  	    Class A Common Stock
			
		  	        	  	    Class B Common Stock
			
	Term/Expiration Date:	  		  	
			
	Vesting Schedule:	  		  	

 Subject to the terms and conditions set forth in this Agreement, this Stock Appreciation Right shall be
exercisable, in whole or in part, according to the following vesting schedule: 
 [Twenty percent (20%) of the Shares subject to the Stock
Appreciation Right shall vest on the one (1) year anniversary of the Vesting Commencement Date, and one sixtieth (1/60th) of the Shares subject to the Stock Appreciation Right shall vest each
month thereafter on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of such month), subject to Participant continuing to be a Service Provider through each such date.] 

Adjustments to Vesting Schedule: 

Notwithstanding the aforementioned vesting schedule, in accordance with Section 11 of the Plan, unless the Administrator provides
otherwise or as otherwise required by Applicable Laws, (1) the vesting 

 
schedule of the Stock Appreciation Right will be adjusted or suspended during any leave of absence in accordance with the Company’s leave of absence and/or reduced work schedule and/or
part-time policy in effect at the time of such leave and (2) if, after the Date of Grant of the Stock Appreciation Right, Participant commences working on a part-time or reduced work schedule basis, the vesting schedule will be adjusted in
accordance with the Company’s reduced work schedule/ part-time policy then in effect. 
 Termination Period: 

This Stock Appreciation Right shall be exercisable, to the extent vested, for ninety (90) days after Participant ceases to be a Service
Provider, unless (1) such termination is due to Participant’s Disability, in which case this Stock Appreciation Right shall be exercisable for six (6) months after Participant ceases to be a Service Provider or (2) such
termination is due to Participant’s death, in which case this Stock Appreciation Right shall be exercisable for twelve (12) months after Participant ceases to be a Service Provider. Notwithstanding the foregoing sentence, in no event may
this Stock Appreciation Right be exercised after the Term/Expiration Date as provided above and this Stock Appreciation Right may be subject to earlier termination as provided in Section 13 of the Plan. 

 

	II.	 AGREEMENT 

1.    Grant of Stock Appreciation Right. The Administrator of the Company hereby grants to the Participant named in
the Notice of Stock Appreciation Right Grant in Part I of this Agreement (“Participant”), a stock appreciation right (the “Stock Appreciation Right”), payable in cash, subject to the terms and conditions in this Agreement and the
Plan, which is incorporated herein by reference. Subject to Section 18 of the Plan, in the event of a conflict between the terms and conditions of the Plan and this Agreement, the terms and conditions of the Plan shall prevail. 

2.    Exercise of Stock Appreciation Right. 

(a)    Right to Exercise. This Stock Appreciation Right shall be exercisable during its term in accordance with the
Vesting Schedule set out in the Notice of Stock Appreciation Right Grant and with the applicable provisions of the Plan and this Agreement. Without the prior written consent of the Administrator, no fewer than 5,000 Shares subject to the Stock
Appreciation Right (subject to adjustment under Section 13 of the Plan) may be exercised at any one time, unless the number exercised is the total number at the time exercisable under the Stock Appreciation Right. 

(b)    Method of Exercise. This Stock Appreciation Right shall be exercisable by delivery of an exercise notice in
the form attached as Exhibit A (the “Exercise Notice”) or in a manner and pursuant to such procedures as the Administrator may determine, which shall state the election to exercise the Stock Appreciation Right,
the number of Shares with respect to which the Stock Appreciation Right is being exercised (the “Exercised Shares”), and such other representations and agreements as may be required by the Company. The Exercise Notice shall be accompanied
by any applicable Tax-Related Items (as defined in Section 6(a) below) withholding. This Stock Appreciation Right shall be deemed to be exercised upon receipt by the Company of such fully executed
Exercise Notice or completion of such exercise procedure as the Administrator may determine in its sole discretion, accompanied by payment for any Tax-Related Items. 

(c)    Payment upon Exercise. Upon exercise of all or a specified portion of the Stock Appreciation Right,
Participant shall be entitled to receive from the Company an amount in cash in one lump sum payment determined by multiplying (a) the difference (if any) obtained by subtracting (i) the Exercise Price per Share as set forth in the Notice
of Grant from (ii) the Fair Market Value of a Share of the same class of Common Stock as underlies this Stock Appreciation Right on the date of exercise of the Stock Appreciation Right, by (b) the number of Shares with respect to which the
Stock Appreciation Right is 

  
 -2- 

 
exercised, with the resulting amount reduced by any applicable tax withholding. Such cash payment shall be made as soon as practicable, but in no event later than thirty (30) days following
the date of exercise. 
 3.    Restrictions on Exercise. This Stock Appreciation Right may not be exercised until
such time as the Plan has been approved by the stockholders of the Company, or if the exercise or payment of cash pursuant thereto would constitute a violation of any Applicable Law. 

4.    Non-Transferability of Stock Appreciation Right. 

(a)    Unless determined otherwise by the Administrator, this Stock Appreciation Right may not be transferred in any manner
other than by will or by the laws of descent or distribution, and may be exercised, during the lifetime of Participant, only by Participant. The terms of the Plan and this Agreement shall be binding upon the executors, administrators, heirs,
successors and assigns of Participant. 
 (b)    Further, during the period the Company is relying upon the exemption
from registration provided in Rule 12h-1(f)(1) promulgated under the Exchange Act (the “Rule 12h-1(f) Exemption”) until the Company either (i) becomes
subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act or (ii) is no longer relying upon the Rule 12h-1(f) Exemption, a Stock Appreciation Right, or prior to exercise, the
Shares subject to the Stock Appreciation Right, may not be pledged, hypothecated or otherwise transferred or disposed of, in any manner, including by entering into any short position, any “put equivalent position” or any “call
equivalent position” (as defined in Rule 16a-1(h) and Rule 16a-1(b) of the Exchange Act, respectively), other than to (x) persons who are “family
members” (as defined in Rule 701(c)(3) of the Securities Act) through gifts or domestic relations orders, or (y) an executor or guardian of the Participant upon the death or disability of the Participant, in each case, to the extent
required for continued reliance on the Rule 12h-1(f) Exemption. 
 (c)    Any
transfer of this Stock Appreciation Right not made in conformity with the terms of this Stock Appreciation Right shall be null and void, shall not be recorded on the books of the Company and shall not be recognized by the Company. 

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

  
 -3- 

 6.    Tax Obligations. 

(a)    Tax Withholding. Regardless of any action the Company or Participant’s employer (the
“Employer”) takes with respect to any or all income tax, social insurance, payroll tax, payment on account or other tax-related items related to Participant’s participation in the Plan and
legally applicable to Participant (“Tax-Related Items”), Participant acknowledges that the ultimate liability for all Tax-Related Items is and remains
Participant’s responsibility and may exceed the amount actually withheld by the Company or the Employer. Participant further acknowledges that the Company and/or the Employer (i) make no representations or undertakings regarding the
treatment of any Tax-Related Items in connection with any aspect of the Stock Appreciation Right, including, but not limited to, the grant, vesting or exercise of the Stock Appreciation Right; and (ii) do
not commit to and are under no obligation to structure the terms of the grant or any aspect of the Stock Appreciation Right to reduce or eliminate Participant’s liability for Tax-Related Items or achieve
any particular tax result. Further, if Participant has become subject to tax in more than one jurisdiction between the Date of Grant and the date of any relevant taxable or tax withholding event, as applicable, Participant acknowledges that the
Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 

Prior to the relevant taxable or tax withholding event, as applicable, Participant agrees to make appropriate arrangements with the Company or
the Employer for the satisfaction of all Tax-Related Items. In this regard, Participant authorizes the Company and/or the Employer to withhold all applicable Tax-Related
Items legally payable by Participant from Participant’s cash payment(s) required under this Agreement, wages or other cash compensation paid to Participant by the Company and/or the Employer in an amount sufficient to cover such Tax-Related Items obligations. Participant acknowledges and agrees that the Company may refuse to honor the exercise and refuse to make the payment required under this Agreement if such withholding amounts are not
delivered at the time of exercise. Participant acknowledges that all Tax-Related Items are and remain Participant’s responsibility. 

(b)    Code Section 409A. Under Code Section 409A, a stock appreciation right that vests
after December 31, 2004 (or that vested on or prior to such date but which was materially modified after October 3, 2004) that was granted with a per Share exercise price that is determined by the Internal Revenue Service (the
“IRS”) to be less than the Fair Market Value of a Share on the date of grant (a “discount stock appreciation right”) may be considered “deferred compensation.” A discount stock appreciation right may result in
(i) income recognition by Participant prior to the exercise of the discount stock appreciation right, (ii) an additional twenty percent (20%) federal income tax, and (iii) potential penalty and interest charges. The discount stock
appreciation right may also result in additional state income, penalty and interest tax to the Participant. Participant acknowledges that the Company cannot and has not guaranteed that the IRS will agree that the per Share exercise price of this
Stock Appreciation Right equals or exceeds the Fair Market Value of a Share on the Date of Grant in a later examination. Participant agrees that if the IRS determines that the Stock Appreciation Right was granted with a per Share exercise price that
was less than the Fair Market Value of a Share on the Date of Grant, Participant will be solely responsible for Participant’s costs related to such a determination. 

7.    Entire Agreement; Governing Law. The Plan is incorporated herein by reference. The Plan and this Agreement
constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and Participant with respect to the subject matter hereof, and may not be
modified adversely to the Participant’s interest except by means of a writing signed by the Company and Participant. This Agreement is governed by the internal substantive laws but not the choice of law rules of California. 

8.    No Guarantee of Continued Service. PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF THE STOCK
APPRECIATION RIGHT PURSUANT TO THE VESTING 

  
 -4- 

 
SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY OR THE EMPLOYER AND NOT THROUGH THE ACT OF BEING HIRED OR BEING GRANTED THIS STOCK APPRECIATION
RIGHT. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER
FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE COMPANY OR THE EMPLOYER TO TERMINATE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR
WITHOUT CAUSE. 
 9.    Nature of Grant. In accepting the grant, Participant acknowledges, understands, and
agrees that: 
 (a)    the Plan is established voluntarily by the Company, it is discretionary in nature and it may be
modified, amended, suspended or terminated by the Company at any time; 
 (b)    the grant of the Stock Appreciation
Right is voluntary and occasional and does not create any contractual or other right to receive future grants of stock appreciation rights, or benefits in lieu of stock appreciation rights, even if stock appreciation rights have been granted
repeatedly in the past; 
 (c)    all decisions with respect to future stock appreciation rights, if any, will be at the
sole discretion of the Administrator; 
 (d)    Participant’s participation in the Plan shall not create a right to
further employment with the Company or the Employer and shall not interfere with the ability of the Company or the Employer to terminate Participant’s employment or service relationship at any time; 

(e)    Participant is voluntarily participating in the Plan; 

(f)    the Stock Appreciation Right, the underlying Shares and any cash paid upon exercise of the Stock Appreciation Right
are an extraordinary item that does not constitute compensation of any kind for services of any kind rendered to the Company or the Employer, and which is outside the scope of Participant’s employment or service contract, if any; 

(g)    the Stock Appreciation Right, the underlying Shares and any cash paid upon exercise of the Stock Appreciation Right
are not intended to replace any pension rights or compensation; 
 (h)    the Stock Appreciation Right, the underlying
Shares and any cash paid upon exercise of the Stock Appreciation Right are not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy,
dismissal, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Company or the Employer;

 (i)    the Stock Appreciation Right grant will not be interpreted to form an employment contract or service
relationship with the Company or the Employer; 
 (j)    the future value of the underlying Shares is unknown and cannot
be predicted with certainty; 

  
 -5- 

 (k)    if the underlying Shares do not increase in value, the Stock
Appreciation Right will have no value; 
 (l)    no claim or entitlement to compensation or damages shall arise from
forfeiture of the Stock Appreciation Right after Participant ceases to be a Service Provider (for any reason whatsoever and whether or not in breach of local labor laws) and in consideration of the grant of the Stock Appreciation Right to which
Participant is otherwise not entitled, Participant irrevocably agrees never to institute any claim against the Company and the Employer, waives Participant’s ability, if any, to bring any such claim, and releases the Company and the Employer
from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, Participant shall be deemed irrevocably to have agreed not to pursue such claim and agree to
execute any and all documents necessary to request dismissal or withdrawal of such claim; 
 (m)    should Participant
cease to be a Service Provider (whether or not in breach of local labor laws), Participant’s right to vest in the Stock Appreciation Right under the Plan, if any, will terminate effective as of the date that Participant is no longer actively
employed and will not be extended by any notice period mandated under local law (e.g., active employment would not include a period of “garden leave” or similar period pursuant to local law); the Administrator shall have the
exclusive discretion to determine when Participant is no longer actively employed for purposes of the Stock Appreciation Right; and 

(n)    the Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations
regarding Participant’s participation in the Plan, or Participant’s acquisition or sale of the underlying Shares. Participant is advised to consult with Participant’s own personal tax, legal and financial advisors regarding
Participant’s participation in the Plan before taking any action related to the Plan. 
 11.    Data
Privacy. Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of Participant’s personal data as described in this Agreement and any other stock appreciation right grant
materials by and among, as applicable, the Employer, the Company and/or any Parent or Subsidiary of the Company for the exclusive purpose of implementing, administering and managing Participant’s participation in the Plan. 

Participant understands that the Company and the Employer may hold certain personal information about Participant, including, but not
limited to, Participant’s name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any Shares or directorships held in the Company, details of all Awards or
any other entitlement to Shares or cash awarded, canceled, exercised, vested, unvested or outstanding in Participant’s favor, for the exclusive purpose of implementing, administering and managing the Plan (“Data”). 

Participant understands that Data may be transferred to a stock plan service provider as may be selected by the Company in the future,
which will assist the Company with the implementation, administration and management of the Plan. Participant understands that the recipients of the Data may be located in the United States or elsewhere, and that the recipient’s country (e.g.,
the United States) may have different data privacy laws and protections than Participant’s country. Participant understands that he or she may request a list with the names and addresses of any potential recipients of the Data by contacting
Participant’s local human resources representative. Participant authorizes the Company, the broker, and any other possible recipients that may assist the Company (presently or in the future) with implementing, administering and managing the
Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purpose of implementing, administering and managing his or her participation in the Plan. Participant understands that Data will be held only as long
as is necessary to implement, administer and manage Participant’s participation in the Plan. Participant understands that 

  
 -6- 

 
he or she may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein,
in any case without cost, by contacting the Human Resources Department of the Company in writing. Participant understands, however, that refusing or withdrawing his or her consent may affect Participant’s ability to participate in the Plan. For
more information on the consequences of Participant’s refusal to consent or withdrawal of consent, Participant understands that Participant may contact the Human Resources Department of the Company. 

12.     Language. If Participant has received this Agreement, or any other document related to the Stock
Appreciation Right and/or the Plan translated into a language other than English and if the meaning of the translated version is different than the English version, the English version will control. 

13.     Severability. The provisions of this Agreement are severable, and if any one or more provisions are
determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 

14.    Electronic Delivery of Documents. The Company may, in its sole discretion, decide to deliver any documents
related to current or future participation in the Plan by electronic means. Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line
or electronic system established and maintained by the Company or a third party designated by the Company. 
 15.    
Not Funded. Amounts payable under this Agreement will be paid from the general assets of the Company, and no special or separate reserve, fund or deposit will be made to assure payment of amounts hereunder. Neither this Agreement nor any
action taken pursuant to the provisions of this Agreement will create, or be construed to create, a trust of any kind or a fiduciary relationship between the Company and Participant (or any other person). To the extent that the Participant (or any
permitted transferee) acquires a right to receive payment pursuant to this Agreement, such right will be no greater than the right of any unsecured general creditor of the Company. 

16.    Imposition of Other Requirements. The Company reserves the right to impose other requirements on the Stock
Appreciation Right, the underlying Shares and any cash paid upon exercise of the Stock Appreciation Right, to the extent the Company determines it is necessary or advisable in order to comply with local laws or facilitate the administration of the
Plan, and to require Participant to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 

  
 -7- 

 Participant acknowledges receipt of a copy of the Plan and represents that he or she is
familiar with the terms and provisions thereof, and hereby accepts this Stock Appreciation Right subject to all of the terms and provisions thereof. Participant has reviewed the Plan and this Stock Appreciation Right in their entirety, has had an
opportunity to obtain the advice of counsel prior to executing this Stock Appreciation Right and fully understands all provisions of the Stock Appreciation Right. Participant hereby agrees to accept as binding, conclusive and final all decisions or
interpretations of the Administrator upon any questions arising under the Plan or this Stock Appreciation Right. Participant further agrees to notify the Company upon any change in the residence address indicated below. 

 

					
	PARTICIPANT	 		 	PALANTIR TECHNOLOGIES INC.
			
	  
	 		 	  

	Signature	 		 	By
			
	  
	 		 	      

	Print Name	 		 	Print Name
			
	  
	 		 	      

		 		 	Title
			
	  
	 		 	
	Residence Address	 		 	

  
 -8- 

 EXHIBIT A 

AMENDED 2010 EQUITY INCENTIVE PLAN 

STOCK APPRECIATION RIGHT 

EXERCISE NOTICE 
 Palantir Technologies
Inc. 
 100 Hamilton Ave., Suite 300 
 Palo Alto, CA 94301 

Attention: Chief Executive Officer 

1.    Exercise of Stock Appreciation Right. Effective as of today,
            ,         , the undersigned (“Participant”) hereby elects to exercise his or her Stock Appreciation Right for
                 Shares under and pursuant to the Company’s Amended 2010 Equity Incentive Plan (the “Plan”) and the Stock Appreciation Right Agreement
dated             ,          (the “Agreement”). Unless otherwise defined herein, the terms in the Plan shall have the same defined meanings
in this Exercise Notice. 
 2.    Delivery of Payment. Participant herewith delivers to the Company (in such form
and manner as determined by the Company which may be through the withholding of payments otherwise due upon this exercise of the Stock Appreciation Right) any and all withholding taxes due in connection with the exercise of the Stock Appreciation
Right. 
 3.    Representations of Participant. Participant acknowledges that Participant has received, read and
understood the Plan and the Agreement and agrees to abide by and be bound by their terms and conditions. 
 4.    Tax
Consultation. Participant understands that Participant may suffer adverse tax consequences as a result of Participant’s exercise hereunder. Participant represents that Participant has consulted with any tax consultants Participant deems
advisable in connection with the exercise and that Participant is not relying on the Company for any tax advice. 

5.    Interpretation. Any dispute regarding the interpretation of this Exercise Notice shall be submitted by
Participant or by the Company forthwith to the Administrator, which shall review such dispute at its next regular meeting. The resolution of such a dispute by the Administrator shall be final and binding on all parties. 

6.    Governing Law; Severability. This Exercise Notice is governed by the internal substantive laws, but not the
choice of law rules, of California. In the event that any provision hereof becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Exercise Notice shall continue in full force and effect. 

7.    Entire Agreement. The Plan and Agreement are incorporated herein by reference. This Exercise Notice, the
Plan, and the Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and Participant with respect to the subject matter
hereof, and may not be modified adversely to the Participant’s interest except by means of a writing signed by the Company and Participant. 

					
	Submitted by:	 		 	Accepted by:
	PARTICIPANT	 		 	PALANTIR TECHNOLOGIES INC.
			
	  
	 		 	  

	Signature	 		 	By
			
	  
	 		 	      

	Print Name	 		 	Print Name
			
		 		 	      

		 		 	Title
			
	Address:	 		 	Address:
			
	  
	 		 	 100 Hamilton Avenue, Suite 300

			
	  
	 		 	 Palo Alto, CA 94301

			
		 		 	  

		 		 	Date of Exercise of Stock Appreciation Right

  
 -2-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00313-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00313-of-00352.parquet"}]]