Document:

Exhibit

Exhibit 10.2(a)

FIRST AMENDMENT TO LEASE
This First Amendment to Lease (“Amendment”) is entered into, and dated for reference purposes, as of October 17, 2017 (the “Execution Date”) by and between METROPOLITAN LIFE INSURANCE COMPANY, a New York corporation (“Landlord”), and GUARDANT HEALTH, INC., a Delaware corporation (“Tenant”), with reference to the following facts (“Recitals”):
A.    Landlord and Tenant are the parties to that certain Lease, dated November 1, 2014 entered into by and between Tenant, as tenant, and Landlord, as landlord (“Existing Lease”); for certain “Existing Premises” described therein containing approximately 48,787 rentable square feet in Building Number 12 (located at 505 Penobscot Drive, Redwood City, California 94063), all as more particularly described in the Existing Lease.
B.    Landlord and Tenant desire to provide for (i) the extension of the Term of the Existing Lease, (ii) the lease to Tenant of Expansion Space A, Expansion Space B, Expansion Space C and Expansion Space D (each as defined below) for the extended term specified herein; and (iii) other amendments of the Existing Lease as more particularly set forth below.
NOW, THEREFORE, in consideration of the foregoing, and of the mutual covenants set forth herein and of other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:
SECTION 1.    SCOPE OF AMENDMENT; DEFINED TERMS. Except as expressly provided in this Amendment, the Existing Lease shall remain in full force and effect. Should any inconsistency arise between this Amendment and the Existing Lease as to the specific matters which are the subject of this Amendment, the terms and conditions of this Amendment shall control. All capitalized terms used in this Amendment and not defined herein shall have the meanings set forth in the Existing Lease unless the context clearly requires otherwise; provided, however, that the term “Lease” as used herein and, from and after the Execution Date, in the Existing Lease shall refer to the Existing Lease as modified by this Amendment.
SECTION 2.    EXTENSION OF TERM.
(a)    Landlord and Tenant acknowledge and agree that, notwithstanding any provision of the Existing Lease to the contrary, the current Term pursuant to the Existing Lease will expire on November 30, 2022, and that the Term of the Lease solely with respect to the Existing Premises, Expansion Space C (as defined below) and Expansion Space D (as defined below) commencing on December 1, 2022 with respect to the Existing Premises, the ESCCD (as defined below) with respect to Expansion Space C and the ESDCD (as defined below) with respect to Expansion Space D is hereby extended until December 31, 2025 (hereafter, the “Phase 1 Termination Date” in lieu of the date provided in the Existing Lease), unless sooner terminated pursuant to the terms of the Lease.

(b)    Landlord and Tenant acknowledge and agree that, notwithstanding any provision of the Existing Lease to the contrary, the Term of the Lease solely with respect to Expansion Space A (as defined below) and Expansion Space B (as defined below) commencing on the ESACD (as defined below) with respect to Expansion Space A and the ESBCD (as defined below) with respect to Expansion Space B is hereby extended until December 31, 2026 (hereafter, the “Phase 2 Termination Date” in lieu of the date provided in the Existing Lease), unless sooner terminated pursuant to the terms of the Lease.
(c)    Landlord and Tenant acknowledge and agree that this Amendment provides all rights and obligations of the parties with respect to the extension of the current Term, whether or not in accordance with any other provisions, if any, of the Existing Lease regarding renewal or extension; provided however, the Option to Extend set forth in Section 3 of Rider 2 of the Existing Lease shall be modified as provided in Section 11 below.
SECTION 3.    AMENDMENT OF BASE MONTHLY RENT. Notwithstanding any provision of the Existing Lease to the contrary, effective on and after December 1, 2022, the amount of monthly Base Rent due and payable by Tenant for the Existing Premises is hereby amended as follows:
	
			
	Period from/to
	 
	Monthly Base Rent

	December 1, 2022 – December 31, 2023
	 
	$209,296.23

	January 1, 2024 – December 31, 2024
	 
	$215,575.12

	January 1, 2025 – December 31, 2025
	 
	$222,042.37

SECTION 4.    TENANT’S SHARE. Notwithstanding any provision of the Existing Lease to the contrary, effective on the Execution Date with respect to Existing Premises, Tenant’s Building Share is conclusively agreed to be a total of 58.55%, Tenant’s Phase Share is conclusively agreed to be a total of 20.71% and Tenant’s Project Share is conclusively agreed to be a total of 9.08%.
SECTION 5.    LEASE OF EXPANSION SPACE A.
(a)    Subject to Section 5(f) below, Landlord hereby leases to Tenant and Tenant hereby hires from Landlord Expansion Space A (defined below) upon and subject to all of the terms, covenants and conditions of the Existing Lease except as expressly provided herein. “Expansion Space A” is the part of Building Number 27 located at 220 Saginaw Drive, Redwood City, as shown on Exhibit A‐1 to this Amendment. Landlord and Tenant hereby agree that (i) Expansion Space A is conclusively presumed to be 24,448 rentable square feet; and (ii) this Amendment provides all rights and obligations of the parties with respect to expansion of the Existing Premises, whether or not in accordance with any other expansion rights previously granted to Tenant; and upon execution hereof, any and all other rights to expand are null, void and of no force or effect, and without limiting the generality of the foregoing, Tenant and Landlord acknowledge and agree that the Right of First Offer set forth in Section 5 of Rider 2 to the Existing Lease is hereby deleted as of the Execution Date.

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(b)    Construction; Commencement Date; Term; Rent; Other Provisions. Notwithstanding any provision of the Existing Lease to the contrary, the following provisions shall govern Expansion Space A.
(1)    Condition; Construction. Except as set forth below: (i) Landlord shall deliver Expansion Space A to Tenant in its AS IS condition, without any express or implied representations or warranties of any kind by Landlord, its brokers, manager or agents, or the employees of any of them regarding Expansion Space A; and (ii) Landlord shall not have any obligation to construct or install any tenant improvements or alterations or to pay for any such construction or installation. Notwithstanding the foregoing, Tenant shall notify Landlord in writing within forty‐five (45) days after Tenant takes possession of Expansion Space A of any defects in the base Building electrical, heating, ventilation and air conditioning and plumbing systems located in or exclusively serving Expansion Space A (“Expansion Space A Defects”). Except for the Expansion Space A Defects stated in such notice, Tenant shall be conclusively deemed to have accepted Expansion Space A “AS IS” in the condition existing on the date Tenant first takes possession, and to have waived all claims relating to the condition of Expansion Space A. Landlord shall proceed diligently to correct the Expansion Space A Defects stated in such notice unless Landlord disputes the existence of any such Expansion Space A Defects. In the event of any dispute as to the existence of any such defects, the reasonable decision of Landlord shall be final and binding on the parties. No agreement of Landlord to alter, remodel, decorate, clean or improve Expansion Space A or the real property and no representation regarding the condition of Expansion Space A or the real property has been made by or on behalf of Landlord to Tenant, except as may be specifically stated in this Amendment.
(2)    Commencement Date; Term. The Expansion Space A Commencement Date (the “ESACD”) shall mean the date which is one hundred eighty (180) days after the date on which Landlord delivers possession of Expansion Space A to Tenant for occupancy (which delivery is estimated to be October 1, 2017) and, upon the ESACD (which is estimated to be April 1, 2018), Expansion Space A becomes a part of the Premises, and Tenant’s obligation to pay rent commences with respect to Expansion Space A. The Term of this lease of Expansion Space A (the “Space A Term”) shall continue until the Phase 2 Termination Date. Within thirty (30) days after request by Landlord, Tenant and Landlord shall enter into an agreement confirming the ESACD and the Monthly Base Rent substantially in the form of Exhibit B attached hereto. If Tenant fails to enter into such agreement within ten (10) days following Landlord’s delivery of written notice of such failure to Tenant, then the ESACD shall be the date designated by Landlord in such agreement.
(3)    Expansion Space A Tenant Alterations & Allowance. All design and construction of any alterations, additions, improvements, installations or refurbishment of permanent improvements to Expansion Space A (“Expansion Space A Tenant Alterations”) shall be performed by Tenant pursuant to the provisions of Article Nine of the Existing Lease. Notwithstanding any provisions of the Existing Lease to the contrary, Landlord shall provide an allowance equal to One Million Three Hundred Forty‐Four Six Hundred Forty and 00/100 Dollars ($1,344,640.00) (the “Expansion Space A Allowance”), which may be applied to the costs of 

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“Permanent Improvement Costs” in Expansion Space A. Additionally, and specifically related to the replacement of the agreed upon HVAC units serving Expansion Space A, Landlord shall provide Tenant with an allowance equal to Two Hundred Eighty‐Five Thousand and 00/100 Dollars ($285,000.00) (the “Space A HVAC Allowance”), which Space A HVAC Allowance shall be added to, and in addition to, the Expansion Space A Allowance, and which Space A HVAC Allowance shall be used by Tenant to replace all or any of the HVAC units serving Expansion Space A. Tenant shall utilize the Space A HVAC Allowance solely for the purchase, installation and replacement of the HVAC units serving Expansion Space A (the “Space A HVAC Improvements”). The Space A HVAC Allowance shall not be used for the repair of any existing HVAC units. Prior to commencing the Space A HVAC Improvements, Tenant shall provide Landlord with a copy of the contract for such Space A HVAC Improvements and obtain Landlord’s approval of such contract (such approval by Landlord shall not be unreasonably withheld). Landlord shall have the right to have its property manager supervise the Space A HVAC Improvements. The term “Permanent Improvement Costs” shall mean the actual and reasonable costs of construction of Tenant Alterations which constitutes permanent improvements, actual and reasonable costs of engineering, design and permitting thereof, and Landlord’s construction administration fee not to exceed one percent (1%) of the Expansion Space A Allowance and the Space A HVAC Allowance (it is agreed that such 1% construction administration fee shall be in lieu of, and not in addition to, the 3% construction administration fee provided in Article Nine of the Existing Lease). The Expansion Space A Allowance and the Space A HVAC Allowance shall be payable as provided below. In no event shall the Expansion Space A, Allowance and the Space A HVAC Allowance be used to reimburse any costs of designing, procuring or installing in Expansion Space A any trade fixtures, movable equipment, furniture, furnishings, telephone equipment, cabling for any of the foregoing, or other personal property (collectively “Personal Property” for purposes of this Amendment), and the cost of such Personal Property shall be paid by Tenant. Notwithstanding the foregoing, Landlord agrees that lab specific improvements, including, without limitation, fixed benches and hoods, shall not be considered to be the Personal Property of Tenant, and Landlord agrees that the costs of the same shall be included within the definition of the Permanent Improvement Costs. The Expansion Space A Allowance and the Space A HVAC Allowance shall be paid to Tenant within thirty (30) days after the later of final completion of the Expansion Space A Tenant Alterations and the Space A HVAC Improvements, respectively, and Landlord’s receipt of (i) a certificate of occupancy (if applicable), (ii) final as‐built plans and specifications, (iii) full, final, unconditional lien releases, and (iv) reasonable substantiation of costs incurred by Tenant with respect to the Expansion Space A Tenant Alterations and the Space A HVAC Improvements, respectively, but in no event shall Landlord be obligated to make such payment until after the ESACD. Tenant must prior to the date which is twelve (12) months after the ESACD, submit written application with the items required above for disbursement or reimbursement for any reimbursable costs out of the Expansion Space A Allowance and the Space A HVAC Improvements, respectively, and to the extent of any funds for which application has not been made prior to that date or if and to the extent that the reimbursable costs of the Expansion Space A Tenant Alterations and the Space A HVAC Improvements, respectively, are less than the amount of the Expansion Space A Allowance and the Space A HVAC Allowance, respectively, any 

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balance remaining thereafter shall be retained by Landlord as its sole property and Landlord shall have no obligation or liability to Tenant with respect to such excess. Landlord will bid out the work for the replacement of the Building 27 roof (the “Building 27 Roof”) and select a contractor that will be hired by Tenant’s general contractor. Tenant shall be responsible for the replacement of the Building 27 Roof and Landlord will reimburse Tenant for the costs of such replacement after Landlord receipt of the items (i) through (iv) described above but with respect to the Building 27 Roof. Landlord shall be entitled to a construction administration fee described above with respect to the Building 27 Roof. Tenant shall use commercially reasonable efforts to minimize interference with other tenant and occupants of Building 27 while replacing the Building 27 Roof. Landlord agrees that, so long as the Expansion Space A Tenant Alterations are in substantial accordance with the improvements plans provided to and approved by Landlord prior to the execution of this Amendment, Tenant shall have no obligation to restore any portion of the Expansion Space A Tenant Alterations at or prior to the Phase 2 Termination Date; provided, however, regardless of the foregoing, in any event, Tenant shall remove any Expansion Space A Tenant Alterations containing Hazardous Material and all Tenant’s trade fixtures, and, subject to Section 6.03 of the Original Lease, cabling and wiring installed for Tenant’s personal property or trade fixtures.
(4)    Delayed or Early Delivery of Possession. If Landlord shall be unable to give possession of Expansion Space A on the estimated Expansion Space A Commencement Date by reason of the following: (i) the holding over or retention of possession of any tenant, tenants or occupants, or (ii) for any other reason, then Landlord shall not be subject to any liability for the failure to give possession on said date. Under such circumstances the ESACD and rent with respect to Expansion Space A shall not commence until Expansion Space A is made available to Tenant by Landlord, and no such failure to give possession on the estimated Expansion Space A Commencement Date shall affect the validity of this Amendment, the Existing Lease or the obligations of the Tenant under either. Notwithstanding any of the foregoing provisions to the contrary, if Landlord has not tendered possession of Expansion Space A on or before November 15, 2017 (the “Outside Space A Delivery Date”), Tenant shall be entitled to a rent abatement following the ESACD with respect to Expansion Space A of $3,259.73 per day for every day in the period beginning on the Outside Space A Delivery Date and ending on the date on which Landlord tenders possession of Expansion Space A to Tenant; provided, however, that the Outside Space A Delivery Date shall be delayed by the number of days that Landlord’s delivery of Expansion Space A to Tenant is delayed due Tenant Delays and Force Majeure, if any. Notwithstanding any of the foregoing provisions of this Section to the contrary, if Landlord has not tendered possession of Expansion Space A on or before the Space A Sunset Date (defined below), then, as Tenant’s sole and exclusive remedy, Tenant shall have the option to terminate the Lease solely with respect to Expansion Space A exercisable by giving written notice to Landlord within three (3) business days after the Space A Sunset Date. If Tenant does not timely give notice of its election to terminate this Lease as aforesaid and delivery of possession does not occur on or before the date which is thirty (30) days following the Space A Sunset Date, then Tenant shall again have such option to terminate the Lease solely with respect to Expansion Space A in the manner described above and such date shall constitute the new Space A Sunset Date; it being the intention of the parties that Tenant shall have a recurring 

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termination option after each such thirty (30) day period following the initial Space A Sunset Date if Landlord has not tendered possession by the end of each such thirty (30) day period. As used in this Lease, “Space A Sunset Date” means the initial Space A Sunset Date of March 1, 2018, and any succeeding new Space A Sunset Dates (at thirty (30) day intervals after the initial Space A Sunset Date), and each such Space A Sunset Date, as applicable, shall be extended by the number of days of delay due to Force Majeure plus the number of days of Tenant Delay, if any. On or before the Space A Sunset Date, if such date includes any period of Force Majeure or Tenant Delay, Landlord shall give Tenant written notice of the resulting calendar date which is the Space A Sunset Date.
(c)    Monthly Rent for Expansion Space A. Notwithstanding any provision of the Existing Lease to the contrary, in addition to rent payable for the Existing Premises, the amount of monthly Base Rent due and payable by Tenant for Expansion Space A, accruing on and after the ESACD and monthly thereafter for the Space A Term shall be as follows:
	
			
	Period from/to
	 
	Monthly Base Rent

	April 1, 2018 – March 31, 2019
	 
	$97,792.00

	April 1, 2019 – March 31, 2020
	 
	$100,725.76

	April 1, 2020 – March 31, 2021
	 
	$103,747.53

	April 1, 2021 – March 31, 2022
	 
	$106,859.96

	April 1, 2022 – March 31, 2023
	 
	$110,065.76

	April 1, 2023 – March 31, 2024
	 
	$113,367.73

	April 1, 2024 – March 31, 2025
	 
	$116,768.79

	April 1, 2025 – March 31, 2026
	 
	$120,271.85

	April 1, 2026 – December 31, 2026
	 
	$123,880.01

Tenant shall pay Landlord the initial installment of such monthly Base Rent prior to Tenant taking possession of the Expansion Space A.
(d)    Base Year; Tenant’s Pro Rata Share. Notwithstanding any provision of the Existing Lease to the contrary, with respect to Expansion Space A, Tenant’s Building Share is conclusively agreed to be a total of 75.46%, Tenant’s Phase Share is conclusively agreed to be a total of 10.38% and Tenant’s Project Share is conclusively agreed to be a total of 4.55%.
(e)    Parking. Notwithstanding any provision of the Existing Lease to the contrary, on and after the ESACD, with respect to Expansion Space A, Tenant shall have the right to use, at no additional charge, an additional eighty (80) unreserved, surface parking spaces.
(f)    Contingency. The Lease of Expansion Space A and the obligations of each party hereunder are expressly subject to the following condition precedent (the “Expansion Space A Condition Precedent”): the recovery of possession of Expansion Space A from the existing tenant in a manner satisfactory to Landlord in its sole discretion. With respect to Expansion Space A, Landlord agrees that Landlord shall not agree to any extension of such existing tenant’s lease term 

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beyond its currently applicable expiration date. If such Expansion Space A Condition Precedent is not satisfied or waived in writing by Landlord in its sole discretion by October 1, 2018, the lease of Expansion Space A shall be null and void, and of no force or effect provided that the remainder of the Lease shall remain in full force and effect pursuant to the terms therein. Landlord shall give Tenant notice of satisfaction of the Condition Precedent by any one of the following means: (i) by tendering possession of Expansion Space A to Tenant; or (ii) by written notice given in any manner permitted under the Lease.
SECTION 6.    LEASE OF EXPANSION SPACE B.
(a)    Landlord hereby leases to Tenant and Tenant hereby hires from Landlord Expansion Space B (defined below) upon and subject to all of the terms, covenants and conditions of the Existing Lease except as expressly provided herein. “Expansion Space B” is the part of Building Number 1 located at 123 Saginaw Drive, Redwood City, as shown on Exhibit A‐2 to this Amendment. Landlord and Tenant hereby agree that Expansion Space B is conclusively presumed to be 26,067 rentable square feet.
(b)    Construction; Commencement Date; Term; Rent; Other Provisions. Notwithstanding any provision of the Existing Lease to the contrary, the following provisions shall govern Expansion Space B:
(1)    Condition; Construction. Except as set forth below: (i) Landlord shall deliver Expansion Space B to Tenant in its AS IS condition, without any express or implied representations or warranties of any kind by Landlord, its brokers, manager or agents, or the employees of any of them regarding Expansion Space B; and (ii) Landlord shall not have any obligation to construct or install any tenant improvements or alterations or to pay for any such construction or installation. Notwithstanding the foregoing, Tenant shall notify Landlord in writing within forty‐five (45) days after Tenant takes possession of Expansion Space B of any defects in the base Building electrical, heating, ventilation and air conditioning and plumbing systems located in or exclusively serving Expansion Space B (“Expansion Space B Defects”). Except for Expansion Space B Defects stated in such notice, Tenant shall be conclusively deemed to have accepted Expansion Space B “AS IS” in the condition existing on the date Tenant first takes possession, and to have waived all claims relating to the condition of Expansion Space B. Landlord shall proceed diligently to correct the Expansion Space B Defects stated in such notice unless Landlord disputes the existence of any such Expansion Space B Defects. In the event of any dispute as to the existence of any such defects, the reasonable decision of Landlord shall be final and binding on the parties. No agreement of Landlord to alter, remodel, decorate, clean or improve Expansion Space B or the real property and no representation regarding the condition of Expansion Space B or the real property has been made by or on behalf of Landlord to Tenant, except as may be specifically stated in this Amendment.
(2)    Commencement Date; Term. The Expansion Space B Commencement Date (“ESBCD”) shall mean the date which is one hundred fifty (150) days after the date on which Landlord delivers possession of Expansion Space B to Tenant for occupancy (which delivery is 

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estimated to be June 1, 2019) and, upon the ESBCD (which is estimated to be November 1, 2019), Expansion Space B becomes a part of the Premises, and Tenant’s obligation to pay rent commences with respect to Expansion Space B. The Term of this lease of Expansion Space B (the “Space B Term”) shall continue until the Phase 2 Termination Date. Within thirty (30) days after request by Landlord, Tenant and Landlord shall enter into an agreement confirming the ESBCD and the Monthly Base Rent substantially in the form of Exhibit B attached hereto. If Tenant fails to enter into such agreement within ten (10) days following Landlord’s delivery of written notice of such failure to Tenant, then the ESBCD shall be the date designated by Landlord in such agreement.
(3)    Expansion Space B Tenant Alterations & Allowance. All design and construction of any alterations, additions, improvements, installations or refurbishment of permanent improvements to Expansion Space B (“Expansion Space B Tenant Alterations”) shall be performed by Tenant pursuant to the provisions of Article Nine of the Existing Lease. Notwithstanding any provisions of the Existing Lease to the contrary, Landlord shall provide an allowance equal to One Million Four Hundred Thirty‐Three Six Hundred Eighty‐Five and 00/100 Dollars ($1,433,685.00) (the “Expansion Space B Allowance”), which may be applied to the costs of Permanent Improvement Costs in Expansion Space B, including Landlord’s construction administration fee not to exceed one percent (1%) of the Expansion Space B Allowance, and the Space B HVAC Allowance (it is agreed that such 1% construction administration fee shall be in lieu of, and not in addition to, the 3% construction administration fee provided in Article Nine of the Existing Lease). Additionally, and specifically related to the replacement of the agreed upon HVAC units serving Expansion Space B, Landlord shall provide Tenant with an allowance equal to Two Hundred Thirty Thousand and 00/100 Dollars ($230,000.00) (the “Space B HVAC Allowance”), which Space B HVAC Allowance shall be added to, and in addition to, the Expansion Space B Allowance, and which Space B HVAC Allowance shall be used by Tenant to replace all or any of the HVAC units serving Expansion Space B. Tenant shall utilize the Space B HVAC Allowance solely for the purchase, installation and replacement of the HVAC units serving Expansion Space B (the “Space B HVAC Improvements”). The Space B HVAC Allowance shall not be used for the repair of any existing HVAC units. Prior to commencing the Space B HVAC Improvements, Tenant shall provide Landlord with a copy of the contract for such Space B HVAC Improvements and obtain Landlord’s approval of such contract (such approval by Landlord shall not be unreasonably withheld). Landlord shall have the right to have its property manager supervise the Space B HVAC Improvements. The Expansion Space B Allowance and the Space B HVAC Allowance shall be payable as provided below. In no event shall the Expansion Space B Allowance and the Space B HVAC Allowance be used to reimburse for any costs of designing, procuring or installing in Expansion Space B any Personal Property, and the cost of such Personal Property shall be paid by Tenant. The Expansion Space B Allowance and the Space B HVAC Allowance shall be paid to Tenant within thirty (30) days after the later of final completion of the Expansion Space B Tenant Alterations and the Space B HVAC Improvements, respectively, and Landlord’s receipt of (i) a certificate of occupancy (if applicable), (ii) final as‐built plans and specifications, (iii) full, final, unconditional lien releases, and (iv) reasonable substantiation of costs incurred by Tenant with respect to the Expansion Space B Tenant Alterations and the Space B HVAC Improvements, 

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respectively, but in no event shall Landlord be obligated to make such payment until after the ESBCD. Tenant must prior to the date which is twelve (12) months after the ESBCD, submit written application with the items required above for disbursement or reimbursement for any reimbursable costs out of the Expansion Space B Allowance and the Space B HVAC Improvements, respectively, and to the extent of any funds for which application has not been made prior to that date or if and to the extent that the reimbursable costs of the Expansion Space B Tenant Alterations and the Space B HVAC Improvements, respectively, are less than the amount of the Expansion Space B Allowance and the Space B HVAC Allowance, respectively, any balance remaining thereafter shall be retained by Landlord as its sole property and Landlord shall have no obligation or liability to Tenant with respect to such excess. Landlord will bid out the work for the replacement of the Building 1 roof (the “Building 1 Roof”) and select a contractor that will be hired by Tenant’s general contractor. Tenant shall be responsible for the replacement of the Building 1 Roof and Landlord will reimburse Tenant for the costs of such replacement after Landlord receipt of the items (i) through (iv) described above but with respect to the Building 1 Roof. Landlord shall be entitled to a construction administration fee described above with respect to the Building 1 Roof. Tenant shall use commercially reasonable efforts to minimize interference with other tenant and occupants of Building 1 while replacing the Building 1 Roof. Landlord agrees that, so long as the Expansion Space B Tenant Alterations are in substantial accordance with the improvements plans provided to and approved by Landlord prior to the execution of this Amendment, Tenant shall have no obligation to restore any portion of the Expansion Space B Tenant Alterations at or prior to the Phase 2 Termination Date; provided, however, regardless of the foregoing, in any event, Tenant shall remove any Expansion Space B Tenant Alterations containing Hazardous Material and all Tenant’s trade fixtures, and, subject to Section 6.03 of the Original Lease, cabling and wiring installed for Tenant’s personal property or trade fixtures.
(4)    Delayed or Early Delivery of Possession. If Landlord shall be unable to give possession of Expansion Space B on the estimated Expansion Space B Commencement Date by reason of the following: (i) the holding over or retention of possession of any tenant, tenants or occupants, or (ii) for any other reason, then Landlord shall not be subject to any liability for the failure to give possession on said date. Under such circumstances the ESBCD and rent with respect to Expansion Space B shall not commence until Expansion Space B is made available to Tenant by Landlord, and no such failure to give possession on the estimated Expansion Space B Commencement Date shall affect the validity of this Amendment, the Existing Lease or the obligations of the Tenant under either. Notwithstanding any of the foregoing provisions to the contrary, if Landlord has not tendered possession of Expansion Space B on or before July 15, 2019 (the “Outside Space B Delivery Date”), Tenant shall be entitled to a rent abatement following the ESBCD with respect to Expansion Space B of $3,579.87 per day for every day in the period beginning on the Outside Space B Delivery Date and ending on the date on which Landlord tenders possession of Expansion Space B to Tenant; provided, however, that the Outside Space B Delivery Date shall be delayed by the number of days that Landlord’s delivery of Expansion Space B to Tenant is delayed due Tenant Delays and Force Majeure, if any. Notwithstanding any of the foregoing provisions of this Section to the contrary, if Landlord has not tendered possession of Expansion Space B on or 

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before the Space B Sunset Date (defined below), then, as Tenant’s sole and exclusive remedy, Tenant shall have the option to terminate the Lease solely with respect to Expansion Space B exercisable by giving written notice to Landlord within three (3) business days after the Space B Sunset Date. If Tenant does not timely give notice of its election to terminate this Lease as aforesaid and delivery of possession does not occur on or before the date which is thirty (30) days following the Space B Sunset Date, then Tenant shall again have such option to terminate the Lease solely with respect to Expansion Space B in the manner described above and such date shall constitute the new Space B Sunset Date; it being the intention of the parties that Tenant shall have a recurring termination option after each such thirty (30) day period following the initial Space B Sunset Date if Landlord has not tendered possession by the end of each such thirty (30) day period. As used in this Lease, “Space B Sunset Date” means the initial Space B Sunset Date of November 1, 2019, and any succeeding new Space B Sunset Dates (at thirty (30) day intervals after the initial Space B Sunset Date), and each such Space B Sunset Date, as applicable, shall be extended by the number of days of delay due to Force Majeure plus the number of days of Tenant Delay, if any. On or before the Space B Sunset Date, if such date includes any period of Force Majeure or Tenant Delay, Landlord shall give Tenant written notice of the resulting calendar date which is the Space B Sunset Date.
(c)    Monthly Rent for Expansion Space B. Notwithstanding any provision of the Existing Lease to the contrary, in addition to rent payable for the Existing Premises, the amount of monthly Base Rent due and payable by Tenant for Expansion Space B, accruing on and after the ESBCD and monthly thereafter for the Space B Term shall be as follows:
	
			
	Period from/to
	 
	Monthly Base Rent

	November 1, 2019 – October 31, 2020
	 
	$107,396.04

	November 1, 2020 – October 31, 2021
	 
	$110,617.92

	November 1, 2021 – October 31, 2022
	 
	$113,936.46

	November 1, 2022 – October 31, 2023
	 
	$117,354.55

	November 1, 2023 – October 31, 2024
	 
	$120,875.19

	November 1, 2024 – October 31, 2025
	 
	$124,501.45

	November 1, 2025 – October 31, 2026
	 
	$128,236.49

	November 1, 2026 – December 31, 2026
	 
	$132,083.58

Tenant shall pay Landlord the initial installment of such monthly Base Rent prior to Tenant taking possession of the Expansion Space B.
(d)    Base Year; Tenant’s Pro Rata Share. Notwithstanding any provision of the Existing Lease to the contrary, with respect to Expansion Space B, Tenant’s Building Share is conclusively agreed to be a total of 45.56%, Tenant’s Phase Share is conclusively agreed to be a total of 8.64% and Tenant’s Project Share is conclusively agreed to be a total of 4.85%.

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(e)    Parking. Notwithstanding any provision of the Existing Lease to the contrary, on and after the ESBCD, with respect to Expansion Space B, Tenant shall have the right to use, at no additional charge, an additional eighty‐six (86) unreserved, surface parking spaces.
SECTION 7.    LEASE OF EXPANSION SPACE C.
(a)    Subject to Section 7(f) below, Landlord hereby leases to Tenant and Tenant hereby hires from Landlord Expansion Space C (defined below) upon and subject to all of the terms, covenants and conditions of the Existing Lease except as expressly provided herein. “Expansion Space C” is the part of Building Number 12 located at 545 Penobscot Drive, Redwood City, as shown on Exhibit A‐3 to this Amendment. Landlord and Tenant hereby agree that Expansion Space C is conclusively presumed to be 7,767 rentable square feet.
(b)    Construction; Commencement Date; Term; Rent; Other Provisions. Notwithstanding any provision of the Existing Lease to the contrary, the following provisions shall govern Expansion Space C:
(1)    Condition; Construction. Except as set forth below: (i) Landlord shall deliver Expansion Space C to Tenant in its AS IS condition, without any express or implied representations or warranties of any kind by Landlord, its brokers, manager or agents, or the employees of any of them regarding Expansion Space C; and (ii) Landlord shall not have any obligation to construct or install any tenant improvements or alterations or to pay for any such construction or installation. Notwithstanding the foregoing, Tenant shall notify Landlord in writing within forty‐five (45) days after Tenant takes possession of Expansion Space C of any defects in the base Building electrical, heating, ventilation and air conditioning and plumbing systems located in or exclusively serving Expansion Space C (“Expansion Space C Defects”). Except for Expansion Space C Defects stated in such notice, Tenant shall be conclusively deemed to have accepted Expansion Space C “AS IS” in the condition existing on the date Tenant first takes possession, and to have waived all claims relating to the condition of Expansion Space C. Landlord shall proceed diligently to correct the Expansion Space C Defects stated in such notice unless Landlord disputes the existence of any such Expansion Space C Defects. In the event of any dispute as to the existence of any such defects, the reasonable decision of Landlord shall be final and binding on the parties. No agreement of Landlord to alter, remodel, decorate, clean or improve Expansion Space C or the real property and no representation regarding the condition of Expansion Space C or the real property has been made by or on behalf of Landlord to Tenant, except as may be specifically stated in this Amendment.
(2)    Commencement Date; Term. The Expansion Space C Commencement Date (“ESCCD”) shall mean the date which is one hundred eighty (180) days after the date on which Landlord delivers possession of Expansion Space C to Tenant for occupancy (which delivery is estimated to be October 16, 2017) and, upon the ESCCD (which is estimated to be April 16, 2018), Expansion Space C becomes a part of the Premises, and Tenant’s obligation to pay rent commences with respect to Expansion Space C. The Term of this lease of Expansion Space C (the “Space C Term”) shall continue until the Phase 1 Termination Date. Within thirty (30) days after request by 

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Landlord, Tenant and Landlord shall enter into an agreement confirming the ESCCD and the Monthly Base Rent substantially in the form of Exhibit B attached hereto. If Tenant fails to enter into such agreement within ten (10) days following Landlord’s delivery of written notice of such failure to Tenant, then the ESCCD shall be the date designated by Landlord in such agreement.
(3)    Expansion Space C Tenant Alterations & Allowance. All design and construction of any alterations, additions, improvements, installations or refurbishment of permanent improvements to Expansion Space C (“Expansion Space C Tenant Alterations”) shall be performed by Tenant pursuant to the provisions of Article Nine of the Existing Lease. Notwithstanding any provisions of the Existing Lease to the contrary, Landlord shall provide an allowance equal to Four Hundred Twenty‐Seven Thousand One Hundred Eighty‐Five and 00/100 Dollars ($427,185.00) (the “Expansion Space C Allowance”), which may be applied to the costs of “Permanent Improvement Costs” in Expansion Space C, including Landlord’s construction administration fee not to exceed one percent (1%) of the Expansion Space C Allowance and the Space C HVAC Allowance (it is agreed that such 1% construction administration fee shall be in lieu of, and not in addition to, the 3% construction administration fee provided in Article Nine of the Existing Lease). Additionally, and specifically related to the replacement of the agreed upon HVAC units serving Expansion Space C, Landlord shall provide Tenant with an allowance equal to One Hundred Forty‐Five Thousand and 00/100 Dollars ($145,000.00) (the “Space C HVAC Allowance”), which Space C HVAC Allowance shall be added to, and in addition to, the Expansion Space C Allowance, and which Space C HVAC Allowance shall be used by Tenant to replace all or any of the HVAC units serving Expansion Space C. Tenant shall utilize the Space C HVAC Allowance solely for the purchase, installation and replacement of the HVAC units serving Expansion Space C (the “Space C HVAC Improvements”). The Space C HVAC Allowance shall not be used for the repair of any existing HVAC units. Prior to commencing the Space C HVAC Improvements, Tenant shall provide Landlord with a copy of the contract for such Space C HVAC Improvements and obtain Landlord’s approval of such contract (such approval by Landlord shall not be unreasonably withheld). Landlord shall have the right to have its property manager supervise the Space C HVAC Improvements. The Expansion Space C Allowance and the Space C HVAC Allowance shall be payable as provided below. In no event shall the Expansion Space C Allowance and the Space C HVAC Allowance be used to reimburse for any costs of designing, procuring or installing in Expansion Space C any Personal Property, and the cost of such Personal Property shall be paid by Tenant. The Expansion Space C Allowance and the Space C HVAC Allowance shall be paid to Tenant within thirty (30) days after the later of final completion of the Expansion Space C Tenant Alterations and the Space C HVAC Improvements, respectively, and Landlord’s receipt of (i) a certificate of occupancy (if applicable), (ii) final as‐built plans and specifications, (iii) full, final, unconditional lien releases, and (iv) reasonable substantiation of costs incurred by Tenant with respect to the Expansion Space C Tenant Alterations and the Space C HVAC Improvements, respectively, but in no event shall Landlord be obligated to make such payment until after the ESCCD. Tenant must prior to the date which is twelve (12) months after the ESCCD, submit written application with the items required above for disbursement or reimbursement for any reimbursable costs out of the Expansion Space C Allowance and the Space C HVAC Allowance, respectively, 

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and to the extent of any funds for which application has not been made prior to that date or if and to the extent that the reimbursable costs of the Expansion Space C Tenant Alterations and the Space C HVAC Improvements, respectively, are less than the amount of the Expansion Space C Allowance and the Space C HVAC Allowance, respectively, any balance remaining thereafter shall be retained by Landlord as its sole property and Landlord shall have no obligation or liability to Tenant with respect to such excess. Landlord agrees that, so long as the Expansion Space C Tenant Alterations are in substantial accordance with the improvements plans provided to and approved by Landlord prior to the execution of this Amendment, Tenant shall have no obligation to restore any portion of the Expansion Space C Tenant Alterations at or prior to the Phase 1 Termination Date; provided, however, regardless of the foregoing, in any event, Tenant shall remove any Expansion Space C Tenant Alterations containing Hazardous Material and all Tenant’s trade fixtures, and, subject to Section 6.03 of the Original Lease, cabling and wiring installed for Tenant’s personal property or trade fixtures.
(4)    Delayed or Early Delivery of Possession. If Landlord shall be unable to give possession of Expansion Space C on the estimated Expansion Space C Commencement Date by reason of the following: (i) the holding over or retention of possession of any tenant, tenants or occupants, or (ii) for any other reason, then Landlord shall not be subject to any liability for the failure to give possession on said date. Under such circumstances the ESCCD and rent with respect to Expansion Space C shall not commence until Expansion Space C is made available to Tenant by Landlord, and no such failure to give possession on the estimated Expansion Space C Commencement Date shall affect the validity of this Amendment, the Existing Lease or the obligations of the Tenant under either. Notwithstanding any of the foregoing provisions of this Section to the contrary, if Landlord has not tendered possession of Expansion Space C on or before the Space C Sunset Date (defined below), then, as Tenant’s sole and exclusive remedy, Tenant shall have the option to terminate the Lease solely with respect to Expansion Space C exercisable by giving written notice to Landlord within three (3) business days after the Space C Sunset Date. If Tenant does not timely give notice of its election to terminate this Lease as aforesaid and delivery of possession does not occur on or before the date which is thirty (30) days following the Space C Sunset Date, then Tenant shall again have such option to terminate the Lease solely with respect to Expansion Space C in the manner described above and such date shall constitute the new Space C Sunset Date; it being the intention of the parties that Tenant shall have a recurring termination option after each such thirty (30) day period following the initial Space C Sunset Date if Landlord has not tendered possession by the end of each such thirty (30) day period. As used in this Lease, “Space C Sunset Date” means the initial Space C Sunset Date of April 16, 2018, and any succeeding new Space C Sunset Dates (at thirty (30) day intervals after the initial Space C Sunset Date), and each such Space C Sunset Date, as applicable, shall be extended by the number of days of delay due to Force Majeure plus the number of days of Tenant Delay, if any. On or before the Space C Sunset Date, if such date includes any period of Force Majeure or Tenant Delay, Landlord shall give Tenant written notice of the resulting calendar date which is the Space C Sunset Date.

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(c)    Monthly Rent for Expansion Space C. Notwithstanding any provision of the Existing Lease to the contrary, in addition to rent payable for the Existing Premises, the amount of monthly Base Rent due and payable by Tenant for Expansion Space C, accruing on and after the ESCCD and monthly thereafter for the Space C Term shall be as follows:

	
			
	Period from/to
	 
	Monthly Base Rent

	April 16, 2018 – April 15, 2019
	 
	$31,068.00

	April 16, 2019 – April 15, 2020
	 
	$32,000.04

	April 16, 2020 – April 15, 2021
	 
	$32,960.04

	April 16, 2021 – April 15, 2022
	 
	$33,948.84

	April 16, 2022 – April 15, 2023
	 
	$34,967.31

	April 16, 2023 – April 15, 2024
	 
	$36,016.33

	April 16, 2024 – April 15, 2025
	 
	$37,096.82

	April 16, 2025 – December 31, 2025
	 
	$38,209.72

Tenant shall pay Landlord the initial installment of such monthly Base Rent prior to Tenant taking possession of the Expansion Space C.
(d)    Base Year; Tenant’s Pro Rata Share. Notwithstanding any provision of the Existing Lease to the contrary, with respect to Expansion Space C, Tenant’s Building Share is conclusively agreed to be a total of 9.44%, Tenant’s Phase Share is conclusively agreed to be a total of 3.30% and Tenant’s Project Share is conclusively agreed to be a total of 1.45%.
(e)    Parking. Notwithstanding any provision of the Existing Lease to the contrary, on and after the ESCCD, with respect to Expansion Space C, Tenant shall have the right to use, at no additional charge, an additional twenty‐five (25) unreserved, surface parking spaces.
(f)    Contingency. The Lease of Expansion Space C and the obligations of each party hereunder are expressly subject to the following condition precedent (the “Expansion Space C Condition Precedent”): the recovery of possession of Expansion Space C from the existing tenant in a manner satisfactory to Landlord in its sole discretion. With respect to Expansion Space C, Landlord agrees that Landlord shall not agree to any extension of such existing tenant’s lease term beyond its currently applicable expiration date. If such Expansion Space C Condition Precedent is not satisfied or waived in writing by Landlord in its sole discretion by October 16, 2018, the lease of Expansion Space C shall be null and void, and of no force or effect provided that the remainder of the Lease shall remain in full force and effect pursuant to the terms therein. Landlord shall give Tenant notice of satisfaction of the Condition Precedent by any one of the following means: (i) by tendering possession of Expansion Space C to Tenant; or (ii) by written notice given in any manner permitted under the Lease.

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(g)    Restrooms and Reception Area. During the period commencing on the ESCCD and ending on the date immediately prior to the ESDCD (as defined below), Tenant shall have non‐exclusive access to the reception area located adjacent to the Expansion Space C and the restrooms, both of which shall be deemed Common Area in accordance with the terms of the Lease; provided, however, that, notwithstanding anything to the contrary in the Lease, Tenant shall pay Tenant’s Share (i.e., 51.71%) of the cost of janitorial services incurred by Landlord with respect to such restroom and reception areas (and such costs shall be excluded from Operating Expenses as described in Section 4.01(h)(2) of the Original Lease). Commencing on the ESDCD, such restroom and reception areas shall be included in the Expansion Space D (as defined below) and Tenant shall thereafter maintain such restrooms and reception areas at Tenant’s sole cost and expense.
SECTION 8.    LEASE OF EXPANSION SPACE D.
(a)    Subject to Section 8(f) below, Landlord hereby leases to Tenant and Tenant hereby hires from Landlord Expansion Space D (defined below) upon and subject to all of the terms, covenants and conditions of the Existing Lease except as expressly provided herein. “Expansion Space D” is the part of Building Number 12 located at 545 Penobscot Drive, Redwood City, as shown on Exhibit A‐4 to this Amendment. Landlord and Tenant hereby agree that Expansion Space D is conclusively presumed to be 7,254 rentable square feet.
(b)    Construction; Commencement Date; Term; Rent; Other Provisions. Notwithstanding any provision of the Existing Lease to the contrary, the following provisions shall govern Expansion Space D:
(1)    Condition; Construction. Except as set forth below: (i) Landlord shall deliver Expansion Space D to Tenant in its AS IS condition, without any express or implied representations or warranties of any kind by Landlord, its brokers, manager or agents, or the employees of any of them regarding Expansion Space D; and (ii) Landlord shall not have any obligation to construct or install any tenant improvements or alterations or to pay for any such construction or installation. Notwithstanding the foregoing, Tenant shall notify Landlord in writing within forty‐five (45) days after Tenant takes possession of Expansion Space D of any defects in the base Building electrical, heating, ventilation and air conditioning and plumbing systems located in or exclusively serving Expansion Space D (“Expansion Space D Defects”). Except for Expansion Space D Defects stated in such notice, Tenant shall be conclusively deemed to have accepted Expansion Space D “AS IS” in the condition existing on the date Tenant first takes possession, and to have waived all claims relating to the condition of Expansion Space D. Landlord shall proceed diligently to correct the Expansion Space D Defects stated in such notice unless Landlord disputes the existence of any such Expansion Space D Defects. In the event of any dispute as to the existence of any such defects, the reasonable decision of Landlord shall be final and binding on the parties. No agreement of Landlord to alter, remodel, decorate, clean or improve Expansion Space D or the real property and no representation regarding the condition of Expansion Space D or the real property has been made by or on behalf of Landlord to Tenant, except as may be specifically stated in this Amendment.

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(2)    Commencement Date; Term. The Expansion Space D Commencement Date (“ESDCD”) shall mean the date which is one hundred fifty (150) days after the date on which Landlord delivers possession of Expansion Space D to Tenant for occupancy (which delivery is estimated to be January 1, 2019) and, upon the ESDCD (which is estimated to be June 1, 2019), Expansion Space D becomes a part of the Premises, and Tenant’s obligation to pay rent commences with respect to Expansion Space D. The Term of this lease of Expansion Space D (the “Space D Term”) shall continue until the Phase 1 Termination Date. Within thirty (30) days after request by Landlord, Tenant and Landlord shall enter into an agreement confirming the ESDCD and the Monthly Base Rent substantially in the form of Exhibit B attached hereto. If Tenant fails to enter into such agreement within ten (10) days following Landlord’s delivery of written notice of such failure to Tenant, then the ESDCD shall be the date designated by Landlord in such agreement.
(3)    Expansion Space D Tenant Alterations & Allowance. All design and construction of any alterations, additions, improvements, installations or refurbishment of permanent improvements to Expansion Space D (“Expansion Space D Tenant Alterations”) shall be performed by Tenant pursuant to the provisions of Article Nine of the Existing Lease. Notwithstanding any provisions of the Existing Lease to the contrary, Landlord shall provide an allowance equal to Three Hundred Ninety‐Eight Thousand Nine Hundred Seventy and 00/100 Dollars ($398,970.00) (the “Expansion Space D Allowance”), which may be applied to the costs of Permanent Improvement Costs in Expansion Space D, including Landlord’s construction administration fee not to exceed one percent (1%) of the Expansion Space D Allowance and the Space D HVAC Allowance (it is agreed that such 1% construction administration fee shall be in lieu of, and not in addition to, the 3% construction administration fee provided in Article Nine of the Existing Lease). Additionally, and specifically related to the replacement of the agreed upon HVAC units serving Expansion Space D, Landlord shall provide Tenant with an allowance equal to One Hundred Ten Thousand and 00/100 Dollars ($110,000.00) (the “Space D HVAC Allowance”), which Space D HVAC Allowance shall be added to, and in addition to, the Expansion Space D Allowance, and which Space D HVAC Allowance shall be used by Tenant to replace all or any of the HVAC units serving Expansion Space D. Tenant shall utilize the Space D HVAC Allowance solely for the purchase, installation and replacement of the HVAC units serving Expansion Space D (the “Space D Improvements”). The Space D HVAC Allowance shall not be used for the repair of any existing HVAC units. Prior to commencing the Space D HVAC Improvements, Tenant shall provide Landlord with a copy of the contract for such Space D HVAC Improvements and obtain Landlord’s approval of such contract (such approval by Landlord shall not be unreasonably withheld). Landlord shall have the right to have its property manager supervise the Space D HVAC Improvements. The Expansion Space D Allowance and the Space D HVAC Allowance shall be payable as provided below. In no event shall the Expansion Space D Allowance and the Space D HVAC Allowance be used to reimburse for any costs of designing, procuring or installing in Expansion Space D any Personal Property, and the cost of such Personal Property shall be paid by Tenant. The Expansion Space D Allowance and the Space D HVAC Allowance shall be paid to Tenant within thirty (30) days after the later of final completion of the Expansion Space D Tenant Alterations and the Space D HVAC Improvements, respectively, and Landlord’s receipt of 

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(i) a certificate of occupancy (if applicable), (ii) final as‐built plans and specifications, (iii) full, final, unconditional lien releases, and (iv) reasonable substantiation of costs incurred by Tenant with respect to the Expansion Space D Tenant Alterations and the Space D HVAC Improvements, respectively, but in no event shall Landlord be obligated to make such payment until after the ESDCD. Tenant must prior to the date which is twelve (12) months after the ESDCD, submit written application with the items required above for disbursement or reimbursement for any reimbursable costs out of the Expansion Space D Allowance and the Space D HVAC Allowance, respectively, and to the extent of any funds for which application has not been made prior to that date or if and to the extent that the reimbursable costs of the Expansion Space D Tenant Alterations and the Space D HVAC Improvements, respectively, are less than the amount of the Expansion Space D Allowance and the Space D HVAC Allowance, respectively, any balance remaining thereafter shall be retained by Landlord as its sole property and Landlord shall have no obligation or liability to Tenant with respect to such excess. Landlord agrees that, so long as the Expansion Space D Tenant Alterations are in substantial accordance with the improvements plans provided to and approved by Landlord prior to the execution of this Amendment, Tenant shall have no obligation to restore any portion of the Expansion Space D Tenant Alterations at or prior to the Phase 1 Termination Date; provided, however, regardless of the foregoing, in any event, Tenant shall remove any Expansion Space D Tenant Alterations containing Hazardous Material and all Tenant’s trade fixtures, and, subject to Section 6.03 of the Original Lease, cabling and wiring installed for Tenant’s personal property or trade fixtures.
(4)    Delayed or Early Delivery of Possession. If Landlord shall be unable to give possession of Expansion Space D on the estimated Expansion Space D Commencement Date by reason of the following: (i) the holding over or retention of possession of any tenant, tenants or occupants, or (ii) for any other reason, then Landlord shall not be subject to any liability for the failure to give possession on said date. Under such circumstances the ESDCD and rent with respect to Expansion Space D shall not commence until Expansion Space D is made available to Tenant by Landlord, and no such failure to give possession on the estimated Expansion Space D Commencement Date shall affect the validity of this Amendment, the Existing Lease or the obligations of the Tenant under either. Notwithstanding any of the foregoing provisions of this Section to the contrary, if Landlord has not tendered possession of Expansion Space D on or before the Space D Sunset Date (defined below), then, as Tenant’s sole and exclusive remedy, Tenant shall have the option to terminate the Lease solely with respect to Expansion Space D exercisable by giving written notice to Landlord within three (3) business days after the Space D Sunset Date. If Tenant does not timely give notice of its election to terminate this Lease as aforesaid and delivery of possession does not occur on or before the date which is thirty (30) days following the Space D Sunset Date, then Tenant shall again have such option to terminate the Lease solely with respect to Expansion Space D in the manner described above and such date shall constitute the new Space D Sunset Date; it being the intention of the parties that Tenant shall have a recurring termination option after each such thirty (30) day period following the initial Space D Sunset Date if Landlord has not tendered possession by the end of each such thirty (30) day period. As used in this Lease, “Space D Sunset Date” means the initial Space D Sunset Date of June 1, 2019, and any succeeding new 

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Space D Sunset Dates (at thirty (30) day intervals after the initial Space D Sunset Date), and each such Space D Sunset Date, as applicable, shall be extended by the number of days of delay due to Force Majeure plus the number of days of Tenant Delay, if any. On or before the Space D Sunset Date, if such date includes any period of Force Majeure or Tenant Delay, Landlord shall give Tenant written notice of the resulting calendar date which is the Space D Sunset Date.
(c)    Monthly Rent for Expansion Space D. Notwithstanding any provision of the Existing Lease to the contrary, in addition to rent payable for the Existing Premises, the amount of monthly Base Rent due and payable by Tenant for Expansion Space D, accruing on and after the ESDCD and monthly thereafter for the Space D Term shall be as follows:
	
			
	Period from/to
	 
	Monthly Base Rent

	June 1, 2019 – May 31, 2020
	 
	$29,886.48

	June 1, 2020 – May 31, 2021
	 
	$30,783.07

	June 1, 2021 – May 31, 2022
	 
	$31,706.56

	June 1, 2022 – May 31, 2023
	 
	$32,657.76

	June 1, 2023 – May 31, 2024
	 
	$33,637.49

	June 1, 2024 – May 31, 2025
	 
	$34,646.61

	June 1, 2025 – December 31, 2025
	 
	$35,686.01

Tenant shall pay Landlord the initial installment of such monthly Base Rent prior to Tenant taking possession of the Expansion Space D.
(d)    Base Year; Tenant’s Pro Rata Share. Notwithstanding any provision of the Existing Lease to the contrary, with respect to Expansion Space D, Tenant’s Building Share is conclusively agreed to be a total of 8.82%, Tenant’s Phase Share is conclusively agreed to be a total of 3.08% and Tenant’s Project Share is conclusively agreed to be a total of 1.35%.
(e)    Parking. Notwithstanding any provision of the Existing Lease to the contrary, on and after the ESDCD, with respect to Expansion Space D, Tenant shall have the right to use, at no additional charge, an additional twenty‐four (24) unreserved, surface parking spaces.
(f)    Contingency. The Lease of Expansion Space D and the obligations of each party hereunder are expressly subject to the following condition precedent (the “Expansion Space D Condition Precedent”): the recovery of possession of Expansion Space D from the existing tenant in a manner satisfactory to Landlord in its sole discretion. With respect to Expansion Space D, Landlord agrees that Landlord shall not agree to any extension of such existing tenant’s lease term beyond its currently applicable expiration date. If such Expansion Space D Condition Precedent is not satisfied or waived in writing by Landlord in its sole discretion by January 1, 2020, the lease of Expansion Space D shall be null and void, and of no force or effect provided that the remainder of the Lease shall remain in full force and effect pursuant to the terms therein. Landlord shall give Tenant notice of satisfaction of the Condition Precedent by any one of the following means: (i) by 

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tendering possession of Expansion Space D to Tenant; or (ii) by written notice given in any manner permitted under the Lease.
SECTION 9.    INCREASE IN THE SECURITY. Notwithstanding any provision of the Existing Lease to the contrary, Tenant shall pay Landlord an amount sufficient to increase the Security, or provide Landlord with an updated Letter of Credit in Section 1.01(14) of the Existing Lease from the amount of $695,215.00 to the amount of $2,759,511.45, in accordance with the following schedule:
(a)    Concurrent with the execution of this Amendment, Tenant shall increase the Security by the amount of $414,996.85, such that the total Security held by Landlord following such increase shall be $1,110,211.85;
(b)    Prior to Tenant taking possession of the Expansion Space A, Tenant shall increase the Security by an additional amount of $619,400.05, such that the total Security held by Landlord following such increase shall be $1,729,611.90;
(c)    Prior to Tenant taking possession of the Expansion Space B, Tenant shall increase the Security by an additional amount of $660,417.90, such that the total Security held by Landlord following such increase shall be $2,390,029.80;
(d)    Prior to Tenant taking possession of the Expansion Space C, Tenant shall increase the Security by an additional amount of $191,048.60, such that the total Security held by Landlord following such increase shall be $2,581,078.40; and
(e)    Prior to Tenant taking possession of the Expansion Space D, Tenant shall increase the Security by an additional amount of $178,433.05, such that the total Security held by Landlord following such increase shall be $2,759,511.45.
SECTION 10.    TENANT SIGNAGE & EXTERIOR SIGNAGE.
(a)    Signage Generally. Except as expressly provided herein, Tenant shall not install any signage within the Project, the Building or the Premises (if visible from the exterior of the Premises) without obtaining the prior written approval of Landlord (which approval shall not be unreasonably withheld), and Tenant shall be responsible for procurement, installation, maintenance and removal of any such signage installed by Tenant, and all necessary repairs and restoration to the Premises and the Building, and all costs in connection therewith. Any such signage shall comply with Landlord’s current Building signage standards, any applicable recorded covenants, conditions and restrictions, and all Laws, and shall be consistent with class A standards. Notwithstanding the foregoing, Landlord agrees that Tenant shall have the right to install its name or logo on the exterior glass of each entrance to the Premises.
(b)    Exterior Sign Right.

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(1)    Grant of Right. Only for so long as: (i) Tenant leases, is continuously conducting regular, active, ongoing business in, and is in occupancy (and occupancy by a subtenant, licensee or other party permitted or suffered by Tenant shall not satisfy such condition) of either the Existing Premises or 50,000 square feet of Rentable Area at the Project; and (ii) Tenant is not a bank, investment bank, stock broker, insurance company or other financial institution, and Tenant’s business does not in material part include any of the foregoing businesses (collectively, the “Exterior Sign Conditions”), Tenant shall have the right to place a single panel with its company name and logo on the monument sign located at the corner of Chesapeake Drive and Seaport Drive (the “Exterior Building Sign”) subject to the terms, covenants and conditions set forth in this Subsection (b) (“Exterior Sign Right”). Nothing contained herein shall prohibit or limit Landlord in granting any other exterior signage rights to others.
(2)    General Conditions & Requirements. The Exterior Sign Right is subject to the following conditions and requirements: (i) the Exterior Building Sign shall not cover or obstruct any window area, (ii) Tenant shall obtain all necessary approvals for the Exterior Building Sign under, and shall comply with, all applicable laws, rules and regulations of applicable governmental authorities (including, without limitation, any applicable airport or Federal Aviation Administration authorities) and all recorded covenants, conditions and/or restrictions which apply to the Building; (iii) the size, type, style, materials and colors of the sign, method of installation and specific location of the sign, and the contractor for and all work in connection with the sign, contemplated by this Exterior Sign Right shall be subject to Landlord’s prior written approval (which approval shall not be unreasonably withheld); (iv) the name on the Exterior Building Sign shall be subject to the prior written approval of Landlord in its sole discretion; (v) the Exterior Building Sign shall be consistent with the design of the Building; (vi) the Exterior Building Sign shall be procured, installed, operated, maintained and repaired in safe and good condition, and in class A appearance, by Tenant, at its sole cost and expense, and Tenant shall maintain the areas on which the sign is mounted watertight and shall not adversely affect the good appearance of the areas on which the sign is mounted; (vii) to the extent permitted by law, Tenant assumes all risk of defacement, damage, theft, loss and destruction of Tenant’s Exterior Building Sign due to any cause, including but not limited to, casualty, vandalism or any act or neglect of any other tenant, guest or occupant of the Project or any member of the public, and Landlord shall not be liable for any of the foregoing or obligated to carry insurance covering any of the foregoing; and (viii) prior to commencement of any work, Tenant shall deliver to Landlord certificates of insurance evidencing that Tenant’s contractors, agents, workmen, engineers or other persons installing the Building Sign have in effect valid workers’ compensation, public liability and builder’s risk insurance in amounts and with such companies and in such forms as Landlord considers necessary or appropriate for its protection. Tenant agrees that Landlord shall have the right to temporarily remove and replace the Exterior Building Sign in connection with and during the course of any repairs, changes, alterations, modifications, renovations or additions to the monument sign.
(3)    Expiration or Termination; Removal & Restoration. If Tenant fails to meet and comply with the Exterior Sign Conditions set forth above, or if there exists a Default by Tenant 

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with respect to any of the general conditions and requirements of Subsection (2) above or any other provisions of the Lease, then in any such event, the Exterior Sign Right shall terminate. Upon the expiration or termination of the Exterior Sign Right, but in no event later than the expiration of the Term or earlier termination of the Lease, Tenant shall, at its sole cost and expense, remove such sign and shall repair and restore the area in which the sign was located to its condition prior to installation of such sign. Tenant shall complete all removal, repair and restoration with respect to the Exterior Building Sign no later than thirty (30) days after such expiration or termination, and in the event that Tenant’s Exterior Sign Right shall terminate as provided in the first sentence of this Subsection (3) and Landlord shall require Tenant to remove such sign, Tenant shall, within thirty (30) days after written notice from Landlord, and at Tenant’s sole cost and expense, remove such sign and shall repair and restore the area in which the sign was located to its condition prior to installation of such sign. In the event that Tenant fails timely to remove and restore as provided above, Landlord may, but shall not be obligated to, remove the Exterior Building Sign and restore the affected area at Tenant’s sole cost and expense.
(4)    Advance Notice; No Liens. Tenant shall keep the Building and Project free of all liens with respect to all work and materials performed and provided in connection with such sign, and Tenant shall give Landlord at least ten (10) days prior written notice of the intended commencement of work in connection with the Exterior Building Sign.
(5)    Right Personal. The Exterior Sign Right is personal to Guardant Health, Inc., a Delaware corporation, and may not be used by, and shall not be transferable or assignable (voluntarily or involuntarily) to any person or entity other than a Permitted Transferee which is an assignee of the Lease and which has satisfied the requirements of Sections 10.01 and 10.05 of the Existing Lease.
SECTION 11.    OPTIONS TO EXTEND. Landlord agrees that the Extension of the Term as set forth in Section 3 of Rider 2 of the Existing Lease shall remain in full force and effect, with the exception that Landlord and Tenant agree that such Section 3 of Rider 2 is hereby modified by the following provisions:
(a)    For purposes of this Section, the “Phase 1 Spaces” shall mean, collectively, the Existing Premises, Expansion Space C and Expansion Space D, and the “Phase 2 Spaces” shall mean, collectively, Expansion Space A and Expansion Space B. The Option To Extend shall be applicable to each of the Phase 1 Spaces and the Phase 2 Spaces, separate and apart from one another, provided, that the exercise of any option must be with respect to an entire Phase.
(b)    In the event Tenant desires to exercise its Option To Extend as to the Phase 1 Spaces, Tenant’s election to exercise the Option To Extend as to the Phase 1 Spaces must be given to Landlord in writing no earlier than December 31, 2024 and no later than March 31, 2025.

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(c)    In the event Tenant desires to exercise its Option To Extend as to the Phase 2 Spaces, Tenant’s election to exercise the Option To Extend as to the Phase 2 Spaces must be given to Landlord in writing no earlier than December 31, 2025 and no later than March 31, 2026.
SECTION 12.    SECURITY SYSTEM. Tenant, at Tenant’s sole cost and expense, shall lock off and install and maintain a security system at the entrance to the Premises (including Expansion Space A, Expansion Space B, Expansion Space C and Expansion Space D), subject to the following conditions: (i) Landlord’s prior written approval of Tenant’s plans and specifications for the proposed security system, which approval will not be unreasonably withheld; (ii) that such system is compatible with any security and other systems existing in the Premises and the Building; (iii) that such system is installed and used in compliance with all other provisions of this Lease; (iv) that Landlord is provided with keys and means of immediate access to fully exercise all of its entry rights under the Lease with respect to the Premises, including access for cleaning and maintenance personnel to perform their functions; (v) Tenant shall keep such system in good operating condition and repair; and (vi) such system shall not make noise or visual alerts or alarms which disturb other occupants or which result in alarms or false alarms to which Landlord or its manager are called to respond. Upon the expiration or earlier termination of this Lease, Tenant shall remove any such security system installed by Tenant. All costs and expenses associated with the removal of any such security system and the repair of any damage to the Premises and the Building resulting from the installation and/or removal of same shall be borne solely by Tenant. Landlord shall not have any liability to Tenant for any claims resulting from Tenant’s failure to lock off and install and maintain a security system at the entrance to the Premises (including Expansion Space A, Expansion Space B, Expansion Space C and Expansion Space D).
SECTION 13.    LIMITATION OF LANDLORD’S LIABILITY. Notwithstanding any provision of the Existing Lease to the contrary (including, without limitation, Section 27.08 of the Existing Lease), Tenant agrees, on its behalf and on behalf of its successors and assigns, that any liability or obligation of Landlord in connection with this Lease shall only be enforced against Landlord’s equity interests in the Project up to a maximum of Five Million Dollars ($5,000,000.00) and in no event against any other assets of the Landlord, or Landlord’s officers or directors or partners, and that any liability of Landlord with respect to this Lease shall be so limited and Tenant shall not be entitled to any judgment in excess of such amount.
SECTION 14.    NO CANNABIS. Tenant shall not bring upon the Premises or any portion of the Project or use the Premises or permit the Premises or any portion thereof to be used for the growing, manufacturing, administration, distribution (including without limitation, any retail sales), possession, use or consumption of any cannabis, marijuana or cannabinoid product or compound, regardless of the legality or illegality of the same.
SECTION 15.    TIME OF ESSENCE. Without limiting the generality of any other provision of the Existing Lease, time is of the essence to each and every term and condition of this Amendment.

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SECTION 16.    BROKERS. Notwithstanding any other provision of the Existing Lease to the contrary, Tenant represents that in connection with this Amendment it is represented by Savills Studley (“Tenant’s Broker”) and, except for Tenant’s Broker and Landlord’s Broker identified below, Tenant has not dealt with any real estate broker, sales person, or finder in connection with this Amendment, and no such person initiated or participated in the negotiation of this Amendment. Tenant hereby indemnifies and agrees to protect, defend and hold Landlord and Newmark Cornish & Carey (“Landlord’s Broker”) harmless from and against all claims, losses, damages, liability, costs and expenses (including, without limitation, attorneys’ fees and expenses) by virtue of any broker, agent or other person claiming a commission or other form of compensation by virtue of alleged representation of, or dealings or discussions with, Tenant with respect to the subject matter of this Amendment, except for Landlord’s Broker and Tenant’s Broker. Tenant is not obligated to pay or fund any amount to Landlord’s Broker or Tenant’s Broker, and Landlord hereby agrees to pay a commission to Landlord’s Broker in connection with the subject matter of this Amendment pursuant to Landlord’s separate written agreement with Landlord’s Broker (a portion of which shall be payable to Tenant’s Broker pursuant to the terms of a separate written agreement between Landlord’s Broker and Tenant’s Broker). The provisions of this Section shall survive the expiration or earlier termination of the Lease.
SECTION 17.    ATTORNEYS’ FEES. Each party to this Amendment shall bear its own attorneys’ fees and costs incurred in connection with the discussions preceding, negotiations for and documentation of this Amendment. In the event that either party brings any suit or other proceeding with respect to the subject matter or enforcement of this Amendment or the Lease, the parties acknowledge and agree that the provisions of Section 11.03 of the Existing Lease shall apply.
SECTION 18.    EFFECT OF HEADINGS; RECITALS: EXHIBITS. The titles or headings of the various parts or sections hereof are intended solely for convenience and are not intended and shall not be deemed to or in any way be used to modify, explain or place any construction upon any of the provisions of this Amendment. Any and all Recitals set forth at the beginning of this Amendment are true and correct and constitute a part of this Amendment as if they had been set forth as covenants herein. Exhibits, schedules, plats and riders hereto which are referred to herein are a part of this Amendment.
SECTION 19.    ENTIRE AGREEMENT; AMENDMENT. This Amendment taken together with the Existing Lease, together with all exhibits, schedules, riders and addenda to each, constitutes the full and complete agreement and understanding between the parties hereto and shall supersede all prior communications, representations, understandings or agreements, if any, whether oral or written, concerning the subject matter contained in this Amendment and the Existing Lease, as so amended, and no provision of the Lease as so amended may be modified, amended, waived or discharged, in whole or in part, except by a written instrument executed by all of the parties hereto.

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SECTION 20.    OFAC. Landlord advises Tenant hereby that the purpose of this Section is to provide to the Landlord information and assurances to enable Landlord to comply with the law relating to OFAC.
Tenant hereby represents, warrants and covenants to Landlord, either that (i) Tenant is regulated by the SEC, FINRA or the Federal Reserve (a “Regulated Entity”) or (ii) neither Tenant nor any person or entity that directly or indirectly (a) controls Tenant or (b) has an ownership interest in Tenant of twenty‐five percent (25%) or more, appears on the list of Specially Designated Nationals and Blocked Persons (“OFAC List”) published by the Office of Foreign Assets Control (“OFAC”) of the U.S. Department of the Treasury.
If, in connection with the Lease, there is one or more Guarantors of Tenant’s obligations under the Lease, then Tenant further represents, warrants and covenants either that (i) any such Guarantor is a Regulated Entity or (ii) neither Guarantor nor any person or entity that directly or indirectly (a) controls such Guarantor or (b) has an ownership interest in such Guarantor of twenty‐five percent (25%) or more, appears on the OFAC List.
Tenant covenants that during the term of the Lease to provide to Landlord information reasonably requested by Landlord including without limitation, organizational structural charts and organizational documents which Landlord may deem to be necessary (“Tenant OFAC Information”) in order for Landlord to confirm Tenant’s continuing compliance with the provisions of this Section. Tenant represents and warrants that the Tenant OFAC Information it has provided or to be provided to Landlord or Landlord’s Broker in connection with the execution of this Amendment is true and complete.
SECTION 21.    RATIFICATION. Tenant represents to Landlord that: (a) the Existing Lease is in full force and effect and has not been modified except as provided by this Amendment; (b) as of the Execution Date, there are no uncured defaults or unfulfilled obligations on the part of Landlord or Tenant; and (c) Tenant is currently in possession of the entire Existing Premises as of the Execution Date, and neither the Existing Premises, nor any part thereof, is occupied by any subtenant or other party other than Tenant.
SECTION 22.    AUTHORITY. Each party represents and warrants to the other that it has full authority and power to enter into and perform its obligations under this Amendment, that the person executing this Amendment is fully empowered to do so, and that no consent or authorization is necessary from any third party. Landlord may request that Tenant provide Landlord evidence of Tenant’s authority.
SECTION 23.    DISCLOSURE REGARDING CERTIFIED ACCESS SPECIALIST. Pursuant to California Civil Code Section 1938, Landlord hereby notifies Tenant that as of the date of this Amendment, the Premises has not undergone inspection by a “Certified Access Specialist” (“CASp”) to determine whether the Premises meet all applicable construction‐related accessibility standards under California Civil Code Section 55.53. Landlord hereby discloses 

24

pursuant to California Civil Code Section 1938 as follows: “A Certified Access Specialist (CASp) can inspect the subject premises and determine whether the subject premises comply with all of the applicable construction‐related accessibility standards under state law. Although state law does not require a CASp inspection of the subject premises, the commercial property owner or lessor may not prohibit the lessee or tenant from obtaining a CASp inspection of the subject premises for the occupancy or potential occupancy of the lessee or tenant, if requested by the lessee or tenant. The parties shall mutually agree on the arrangements for the time and manner of the CASp inspection, the payment of the fee for the CASp inspection, and the cost of making any repairs necessary to correct violations of construction‐related accessibility standards within the premises.” Landlord and Tenant hereby acknowledge and agree that in the event that Tenant elects to perform a CASp inspection of the Premises hereunder (the “Inspection”), such Inspection shall be (a) performed at Tenant’s sole cost and expense, (b) limited to the Premises and (c) performed by a CASp who has been approved or designated by Landlord prior to the Inspection. Any Inspection must be performed in a manner which minimizes the disruption of business activities in the Building, and at a time reasonably approved by Landlord. Landlord reserves the right to be present during the Inspection. Tenant agrees to: (i) promptly provide to Landlord a copy of the report or certification prepared by the CASp inspector upon request (the “Report”), and (ii) keep the information contained in the Report confidential, except to the extent required by Law, or to the extent disclosure is needed in order to complete any necessary modifications or improvements required to comply with all applicable accessibility standards under state or federal Law, as well as any other repairs, upgrades, improvements, modifications or alterations required by the Report or that may be otherwise required to comply with applicable Laws or accessibility requirements (the “Access Improvements”). Unless otherwise the responsibility of Landlord under the express terms of this Amendment, Tenant shall be solely responsible for the cost of Access Improvements to the Premises or the Building necessary to correct any such violations of construction‐related accessibility standards identified by such Inspection as required by Law, which Access Improvements may, at Landlord’s option, be performed in whole or in part by Landlord at Tenant’s expense, payable as Additional Rent within ten (10) days following Landlord’s demand.
SECTION 24.    ENERGY UTILITY USAGE. If Tenant is billed directly by a public utility with respect to Tenant’s energy usage at the Premises, then, upon request, Tenant shall provide monthly energy utility usage for the Premises to Landlord for the period of time requested by Landlord (in electronic or paper format) or, at Landlord’s option, provide any written authorization or other documentation required for Landlord to request information regarding Tenant’s energy usage with respect to the Premises directly from the applicable utility company.
SECTION 25.    COUNTERPARTS. This Amendment may be executed in duplicates or counterparts, or both, and such duplicates or counterparts together shall constitute but one original of the Amendment, and the signature of any party to any counterpart shall be deemed a signature to, and may be appended to, any other counterpart. Each duplicate and counterpart shall be equally admissible in evidence, and each original shall fully bind each party who has executed it.

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IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first set forth above.
	
		
	TENANT:
	GUARDANT HEALTH, INC.,
a Delaware corporation
By: /s/ Helmy Eltoukhy                                                          
Print Name: Helmy Eltoukhy                                                 
Title: CEO                                                                               
(Chairman of Board, President or Vice President)
By: /s/ Derek Bertocci                                                             
Print Name: Derek Bertocci                                                    
Title: CFO                                                                                
(Secretary, Assistant Secretary, CFO or Assistant Treasurer)

	LANDLORD:
	METROPOLITAN LIFE INSURANCE COMPANY,
a New York corporation
By: /s/ Leland Low                                                                  
Print Name: Leland Low                                                         
Title: Director                                                                          

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EXHIBIT A-1
EXPANSION SPACE A

A-1-1

EXHIBIT A-2
EXPANSION SPACE B

A-2-1

EXHIBIT A-3
EXPANSION SPACE C

A-3-1

EXHIBIT A-4
EXPANSION SPACE D

A-4-1

EXHIBIT B
EXPANSION SPACE COMMENCEMENT DATE AGREEMENT
METROPOLITAN LIFE INSURANCE COMPANY, a New York corporation (“Landlord”), and GUARDANT HEALTH, INC., a Delaware corporation (“Tenant”), have entered into a certain Amendment to Lease, which Amendment is dated as of October ___, 2017 (the “Amendment”). The original Lease, as amended by the Amendment, may be referred to as the “Lease”.
WHEREAS, Landlord and Tenant wish to confirm and memorialize the Expansion Space      Commencement Date as provided for in the Amendment;
NOW, THEREFORE, in consideration of the foregoing and the mutual covenants contained herein and in the Amendment, Landlord and Tenant agree as follows:
1.    Unless otherwise defined herein, all capitalized terms shall have the same meanings ascribed to them in the Amendment and the Lease.
2.    The Expansion Space____ Commencement Date, as defined in the Amendment, is__________________.
3.    The Expansion Space ____ Termination Date is________________.
4.    Tenant hereby confirms the following:
(a)    that it has accepted possession of Expansion Space ____ pursuant to the terms of the Amendment;
(b)    that the Lease is in full force and effect; and
(c)    that the Monthly Base Rent during the ________ is the following:
5.    Except as expressly modified hereby, all terms and provisions of the Lease are hereby ratified and confirmed and shall remain in full force and effect and binding on the parties hereto.
6.    The Lease (as modified by the Amendment) and this Expansion Space _______ Commencement Date Agreement contain all of the terms, covenants, conditions and agreements between the Landlord and the Tenant relating to the subject matter herein. No prior other agreements or understandings pertaining to such matters are valid or of any force and effect.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

B-1

	
		
	TENANT:
	GUARDANT HEALTH, INC.,
a Delaware corporation
By:________________________________________

Print Name:_________________________________
Title:_______________________________________
(Chairman of Board, President or Vice President)
Date:_______________________________________
By:_________________________________________
Print Name:__________________________________
Title:________________________________________
(Secretary, Assistant Secretary, CFO or Assistant Treasurer)
Date:________________________________________

	LANDLORD:
	METROPOLITAN LIFE INSURANCE COMPANY,
a New York corporation
By:________________________________________

Print Name:_________________________________
Title:_______________________________________
Date:_______________________________________

B-2EX-4.2

 Exhibit 4.2 

ELANCE-ODESK, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

This Amended and Restated Investors’ Rights Agreement (this “Agreement”) is made and entered into as of
August 19, 2014, by and among Elance-oDesk, Inc., a Delaware corporation (the “Company”), each of the investors listed on Schedule A-1 hereto (each of which is referred to in this
Agreement as an “ Investor”), each of the holders of Common Stock listed on Schedule B hereto (each of which is referred to in this Agreement as a “Common Holder”), and each
holder of a Lender Warrant (as defined below) listed on Schedule A-2 hereto (each of which is referred to in this Agreement as a “Lender”). 

RECITALS 
 WHEREAS,
certain of the Investors (the “Prior Investors”) are holders of outstanding shares of the Company’s Series A-1 Preferred Stock and Series
A-2 Preferred Stock acquired by such Prior Investors pursuant to that certain Agreement and Plan of Reorganization dated December 17, 2013 by and among the Company and certain other parties. 

WHEREAS, the Company, the Prior Investors and the Common Holders have previously entered into that certain Amended and Restated
Investors’ Rights Agreement dated as of December 17, 2013 (the “Prior Rights Agreement”). 
 WHEREAS,
certain of the Investors (the “Series B Investors”) have agreed to purchase shares of the Company’s Series B-1 Preferred Stock and/or Series
B-2 Preferred Stock pursuant to that certain Series B-1 and Series B-2 Preferred Stock Purchase Agreement dated of even date
herewith by and among the Company and the Series B Investors, as may be amended from time to time (the “Series B Purchase Agreement”). 

WHEREAS, the Company, the Common Holders, and the Prior Investors desire to amend, restate and supersede the Prior Rights Agreement. 

NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises hereinafter set forth, the parties hereto hereby agree as
follows: 
 1. DEFINITIONS. For purposes of this Agreement: 

“Affiliate” means, with respect to any specified Person, any other Person who or which, directly or indirectly,
controls, is controlled by, or is under common control with such Person including without limitation any general partner, managing partner, managing member, officer or director of such Person or any venture capital fund now or hereafter existing
that is controlled by one or more general partners or managing members of, or shares the same management company with, such Person. For purposes of this definition, the terms “controlling,” “controlled
by,” or “under common control with” shall mean the possession, directly or indirectly, of (a) the power to direct or cause the direction of the management and policies of a Person, whether through the
ownership of voting securities, by contract, or otherwise, or (b) the power to elect or appoint at least fifty percent (50%) of the directors, managers, general partners, or persons exercising similar authority with respect to such Person. 

 “Automatic Shelf Registration Statement” shall have the meaning given to
that term in SEC Rule 405. 
 “business day” means a weekday on which banks are open for general banking
business in San Francisco, California. 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Common Stock” means shares of the Company’s common stock. 

“Damages” means any loss, damage, or liability (joint or several) to which a party hereto may become subject under the
Securities Act, the Exchange Act, or other federal or state law, insofar as such loss, damage, or liability (or any action in respect thereof) arises out of or is based upon (a) any untrue statement or alleged untrue statement of a material
fact contained in any registration statement of the Company, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto, and any free-writing prospectus
and any issuer information (as defined in Rule 433 of the Securities Act) filed or required to be filed pursuant to Rule 433(d) under the Securities Act or any other document incident to such registration prepared by or on behalf of
the Company or used or referred to by the Company; (b) an omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading; or (c) any violation or
alleged violation by the indemnifying party (or any of its agents or Affiliates) of the Securities Act, the Exchange Act, any state securities law, or any rule or regulation promulgated under the Securities Act, the Exchange Act, or any state
securities law. 
 “Demand Notice” means notice sent by the Company to the Holders specifying that a demand
registration has been requested as provided in Section 3.1.1. 
 “Derivative Securities” means any securities
or rights convertible into, or exercisable or exchangeable for (in each case, directly or indirectly), Common Stock, including options and warrants. 

“Deemed Liquidation Event” has the meaning set forth for such term in the certificate of incorporation of the Company
most recently filed with the Delaware Secretary of State that contains such a definition. 
 “Exchange Act” means
the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. 
 “Excluded
Registration” means (a) a registration relating to the sale of securities to employees of the Company or a subsidiary pursuant to an equity incentive, stock option, stock purchase, or similar plan; (b) a registration relating
to an SEC Rule 145 transaction; (c) a registration on any form that does not include substantially the same information as would be required to be included in a registration statement covering the sale of the Registrable Securities; or
(d) a registration in which the only Common Stock being registered is Common Stock issuable upon conversion of debt securities that are also being registered. 

“Form S-1” means such form under
the Securities Act as in effect on the date hereof or any successor registration form under the Securities Act subsequently adopted by the SEC. 

“Form S-3” means such form
under the Securities Act as in effect on the date hereof or any registration form under the Securities Act subsequently adopted by the SEC that permits incorporation of substantial information by reference to other documents filed by the Company
with the SEC. 
 “Free Writing Prospectus” means a free-writing prospectus,
as defined in Rule 405 under the Securities Act. 
 “Fully Exercising Investor” shall have the meaning set
forth in Section 4.2. 
 “GAAP” means generally accepted accounting principles in the United States. 

“Holder” means any holder of Registrable Securities who is a party to this Agreement, provided, however, that the
Common Holders shall not be deemed to be Holders for purposes of Sections 3.1, 3.10, and 7.6. 
 “Immediate Family
Member” means a child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, of a natural person
referred to herein. 
 “Initiating Holders” means, collectively, Holders who properly initiate a registration
request under this Agreement. 
 “Investor Notice” shall have the meaning set forth in Section 4.2. 

“IPO” means the Company’s first underwritten public offering of its Common Stock under the Securities Act. 

“Lender Registrable Securities” means (a) the Common Stock issuable or issued upon
the exercise of any Lender Warrant and (b) the Common Stock issuable or issued upon conversion of the Preferred Stock issuable or issued pursuant to the exercise of any Lender Warrant; provided, however, that before
the holder of any Lender Warrant shall be entitled to exercise any rights under this Agreement, such holder must either (i) become a party to this Agreement as a “Lender” or (ii) agree to be bound by the terms of this Agreement
related to registration rights applicable to the Lender Registrable Securities in a separate written agreement between such holder and the Company (including, without limitation, in a Lender Warrant). 

“Lender Warrant” means any warrant to purchase shares of capital stock of the Company issued to banks, equipment
lessors or other financial institutions pursuant to a debt financing or equipment leasing transaction where the Company’s Board of Directors (the “Board”) has approved the grant to the holder thereof of
“piggyback” registration rights. 

 “Major Investor” means any Investor that, individually or together with
such Investor’s Affiliates, holds at least 1,000,000 shares of Registrable Securities (as adjusted for any stock split, stock dividend, combination, or other recapitalization or reclassification effected after the date hereof). 

“New Securities” means, collectively, equity securities of the Company, whether or not currently authorized,
Derivative Securities and any rights, options, or warrants to purchase such equity securities, or securities of any type whatsoever that are, or may become, convertible or exchangeable into or exercisable for (in each case, directly or indirectly)
such equity securities; provided however, that “New Securities” shall exclude: (a) Exempted Securities (as defined in the Restated Certificate); and (b) shares of Common Stock issued in the IPO.

 “Offer Notice” shall have the meaning set forth in Section 4.1. 

“Person” means any individual, corporation, partnership, trust, limited liability company, association or other
entity. 
 “Preferred Stock” means shares of the Company’s Series A-1
Preferred Stock, Series A-2 Preferred Stock, Series B-1 Preferred Stock and Series B-2 Preferred Stock. 

“Pro Rata Amount” means, for each Major Investor, that portion of the New Securities identified in an Offer Notice
which equals the proportion that the Common Stock issued and held, or issuable (directly or indirectly) upon conversion and/or exercise, as applicable, of the Preferred Stock and any other Derivative Securities then held, by such Major Investor
bears to the total Common Stock of the Company then outstanding (assuming full conversion and/or exercise, as applicable, of all Preferred Stock and other Derivative Securities). 

“Registrable Securities” means (a) the Common Stock issuable or issued upon conversion of shares of
the Preferred Stock held by the Investors; (b) the Lender Registrable Securities, provided, however, that such Lender Registrable Securities shall not be deemed Registrable Securities and the Lenders shall not
be deemed Holders for the purposes of Sections 2.1, 2.2, 3.1, 3.10, 4 and 7.6; (c) shares of Common Stock issued to the Common Holders or issuable upon exercise of options issued to the Common Holders; provided, however, that such shares
of Common Stock shall not be deemed Registrable Securities for the purposes of Sections 2.1, 2.2, 3.1, 3.10, 4 and 7.6; and (d) any Common Stock issued as (or issuable upon the conversion or exercise of any warrant, right, or other
security that is issued as) a dividend or other distribution with respect to, or in exchange for or in replacement of, the shares referenced in clauses (a) through (c) above; excluding in all cases, however, any Registrable Securities sold
by a Person in a transaction in which the applicable rights under this Agreement are not assigned pursuant to Section 7.1, and excluding for purposes of Section 3 any shares for which registration rights have terminated pursuant to
Section 6.2 of this Agreement. Notwithstanding the foregoing, the Company shall in no event be obligated to register any Preferred Stock of the Company, and Holders of Registrable Securities will not be required to convert their Preferred Stock
into Common Stock in order to exercise the registration rights granted hereunder, until immediately before the closing of the offering to which the registration relates. 

“Registrable Securities then outstanding” means the number of shares determined by adding the number of
shares of outstanding Common Stock that are Registrable Securities and the number of shares of Common Stock issuable (directly or indirectly) pursuant to then exercisable and/or convertible securities that are Registrable Securities. 

 “Restated Certificate” means the Company’s Restated Certificate of
Incorporation (as may be amended from time to time). 
 “Restricted Securities” means the securities of the Company
required to bear the legend set forth in Section 3.12.2 hereof. 
 “SEC” means the Securities and Exchange
Commission. 
 “SEC Rule 144” means Rule 144 promulgated by the SEC under the
Securities Act. 
 “SEC Rule 145” means Rule 145 promulgated by the SEC under
the Securities Act. 
 “SEC Rule 405” means Rule 405 promulgated by the SEC
under the Securities Act. 
 “Securities Act” means the Securities Act of 1933, as amended, and the rules and
regulations promulgated thereunder. 
 “Selling Expenses” means all underwriting discounts, selling commissions, and
stock transfer taxes applicable to the sale of Registrable Securities, and fees and disbursements of counsel for any Holder, except for the fees and disbursements of the Selling Holder Counsel borne and paid by the Company as provided in
Section 3.6. 
 “Selling Holder Counsel” means one counsel for the selling Holders. 

“Series A-1 Preferred Stock”
means shares of the Company’s Series A-1 Preferred Stock. 

“Series A-2 Preferred Stock”
means shares of the Company’s Series A-2 Preferred Stock. 

“Series B-1 Preferred Stock” means shares of
the Company’s Series B-1 Preferred Stock. 

“Series B-2 Preferred Stock” means shares of
the Company’s Series B-2 Preferred Stock. 
 “Standoff Period”
means the period commencing on the date of the final prospectus relating to an underwritten public offering of the Company’s Common Stock under the Securities Act and ending on the date specified by the Company and the managing underwriter
(such period not to exceed one hundred eighty (180) days). Notwithstanding the foregoing, if during the last 17 days of such period, the Company issues an earnings release or material news or a material event relating to the Company
occurs, or prior to the expiration of the restricted period the Company announces that it will release earnings results during the 16-day period beginning on the last day of the restricted period, then, upon
the request of the Company or the managing underwriter, to the extent required by any FINRA rules, the period set forth in the previous sentence shall continue to apply until the end of the third trading day following the expiration of the 15-day period beginning on the issuance of the earnings release or the occurrence of the material news or material event. In no event will the restricted period extend beyond 216 days after the effective date
of the registration statement. 

 “Voting Agreement” means that certain Amended and Restated Voting
Agreement dated of even date hereof by and among the Company, the Investors and certain other stockholders. 
 2. INFORMATION
RIGHTS. 
 2.1 Delivery of Financial Statements. 

2.1.1 Information to be Delivered. The Company shall deliver the following to each Major Investor, provided that
the Board has not reasonably determined that such Major Investor is a competitor of the Company (provided, that a Major Investor that is a venture capital fund shall not be deemed a competitor solely as a result of its investment in
another company, so long as any person designated as a member of the Board by such Major Investor is not also appointed to the board of directors such other company): 

(a) As soon as practicable, but in any event within one hundred eighty (180) days (or such longer period as the Board may unanimously
determine) of being made available to the Company after the end of each fiscal year of the Company, the Company shall deliver, (i) a balance sheet as of the end of such year, (ii) statements of income and of cash flows for such year for
such year, and (iii) a statement of stockholders’ equity as of the end of such year, all of which shall be audited and certified by independent public accountants of nationally recognized standing selected by the Company. 

(b) As soon as practicable, but in any event within forty-five (45) days after the end of each
quarter of each fiscal year of the Company, the Company shall deliver unaudited statements of income and of cash flows for such fiscal quarter and an unaudited balance sheet and a statement of stockholders’ equity as of the end of such fiscal
quarter, all prepared in accordance with GAAP (except that such financial statements may (i) be subject to normal year-end audit adjustments and (ii) not contain all notes thereto that may be
required in accordance with GAAP). 
 (c) Consolidation. If, for any period, the Company has any subsidiary whose accounts are
consolidated with those of the Company, then in respect of such period the financial statements delivered pursuant to Section 2.1.1 shall be the consolidated and consolidating financial statements of the Company and all such consolidated
subsidiaries. 
 2.1.2 Suspension or Termination. Notwithstanding anything else in this Section 2.1 to the contrary but subject
to Section 6.1, the Company may cease providing the information set forth in this Section 2.1 during the period starting with the date sixty (60) days before the Company’s good-faith
estimate of the date of filing of a registration statement if it reasonably concludes it must do so to comply with the SEC rules applicable to such registration statement and related offering; provided that the Company’s covenants
under this Section 2.1 shall be reinstated at such time as the Company is no longer actively employing its reasonable efforts to cause such registration statement to become effective. 

2.2 Inspection. The Company shall permit each Major Investor, at such Major Investor’s expense, and on such
Major Investor’s written request, to visit and inspect the Company’s properties, examine its books of account and records, and discuss the Company’s affairs, finances, and accounts with its officers, during normal business hours of
the Company as 

 
may be reasonably requested by the Major Investor; provided, however, that the Company shall not be obligated pursuant to this Section 2.2 to provide
access to any information that it reasonably and in good faith considers to be confidential information (unless covered by an enforceable confidentiality agreement, in form reasonably acceptable to the Company), a trade secret or the disclosure of
which would adversely affect the attorney-client privilege between the Company and its counsel. 

2.3 Confidentiality. Each Investor agrees that such Investor will keep confidential and will not disclose, divulge,
or use for any purpose (other than to monitor its investment in the Company) any confidential information obtained from the Company pursuant to the terms of this Section 2 unless such confidential information (a) is known or becomes known
to the public in general (other than as a result of a breach of this Section 2.3 by such Investor), (b) is or has been independently developed or conceived by the Investor without use of the Company’s confidential information, or
(c) is or has been made known or disclosed to the Investor by a third party without a breach of any obligation of confidentiality such third party may have to the Company; provided, however, that an Investor
may disclose confidential information (i) to its attorneys, accountants, consultants, and other professionals to the extent necessary to obtain their services in connection with monitoring its investment in the Company; (ii) to any
existing Affiliate, partner, member, stockholder, or wholly owned subsidiary of such Investor (or any employee of any of the foregoing that needs to know such information in the fulfillment of his or her employment duties) in the ordinary course of
business, but only if such Investor informs such Person that such information is confidential and directs such Person to maintain the confidentiality of such information; or (iii) as may otherwise be required by law, governmental rule or
regulation or court or other governmental order if the Investor promptly notifies the Company of such disclosure and takes reasonable steps to minimize the extent of any such required disclosure. 

3. REGISTRATION RIGHTS. 

3.1 Demand Registration. 

3.1.1 Form S-1 Demand. If at any time after the earlier of
(a) five (5) years after the date of this Agreement or (b) one hundred eighty (180) days after the effective date of the registration statement for the IPO, the Company receives a request from Holders of at least 50% of the
Registrable Securities then outstanding that the Company file a Form S-1 registration statement with respect to any Registrable Securities then outstanding (and the Registrable Securities subject to such
request have an anticipated aggregate offering price, net of Selling Expenses, of at least $10,000,000), then the Company shall (i) within ten (10) days after the date such request is given, give a Demand Notice to all Holders other
than the Initiating Holders, and (ii) use commercially reasonable efforts to as soon as practicable, and in any event within ninety (90) days after the date such request is given by the Initiating Holders, file a Form S-1 registration statement under the Securities Act covering all Registrable Securities that the Initiating Holders requested to be registered and any additional Registrable Securities requested to be
included in such registration by any other Holders, as specified by notice given by each such Holder to the Company within twenty (20) days after the date the Demand Notice is given, and in each case, subject to the limitations of
Section 3.1.3 and Section 3.3. 

 3.1.2 Form S-3 Demand.
If at any time when it is eligible to use a Form S-3 registration statement, the Company receives a request from Holders of at least 50% of the Registrable Securities then outstanding that the Company
file a Form S-3 registration statement with respect to outstanding Registrable Securities of such Holders having an anticipated aggregate offering price, net of Selling Expenses, of at least $5,000,000,
then the Company shall (a) within ten (10) days after the date such request is given, give a Demand Notice to all Holders other than the Initiating Holders; and (b) use commercially reasonable efforts to as soon as practicable, and in
any event within forty-five (45) days after the date such request is given by the Initiating Holders, file a Form S-3 registration statement under the
Securities Act covering all Registrable Securities requested to be included in such registration by any other Holders, as specified by notice given by each such Holder to the Company within twenty (20) days of the date the Demand Notice is
given, and in each case, subject to the limitations of Section 3.1.3 and Section 3.3. 
 3.1.3 Delay. Notwithstanding the
foregoing obligations, if the Company furnishes to Holders requesting a registration pursuant to this Section 3.1 a certificate signed by the Company’s chief executive officer stating that in the good faith judgment of the Board it would
be materially detrimental to the Company and its stockholders for such registration statement to either become effective or remain effective for as long as such registration statement otherwise would be required to remain effective, because such
action would (a) materially interfere with a significant acquisition, corporate reorganization, or other similar transaction involving the Company; (b) require premature disclosure of material information that the Company has a bona fide
business purpose for preserving as confidential; or (c) render the Company unable to comply with requirements under the Securities Act or Exchange Act, then the Company shall have the right to defer taking action with respect to such filing,
and any time periods with respect to filing or effectiveness thereof shall be tolled correspondingly, for a period of not more than ninety (90) days after the request of the Initiating Holders is given; provided,
however, that (i) the Company may not invoke this right more than once in any twelve (12) month period and (ii) the Company shall not register any securities for its own account or that of any other stockholder
during such ninety (90) day period other than an Excluded Registration. 
 3.1.4 Limitations. The Company shall not be obligated
to effect, or to take any action to effect, any registration pursuant to Section 3.1.1: (a) during the period that is sixty (60) days before the Company’s good faith estimate of the date of filing of, and ending on a date that is
one hundred eighty (180) days after the effective date of, a Company-initiated registration, provided, that the Company is actively employing in good faith commercially reasonable efforts to cause such
registration statement to become effective; (b) after the Company has effected two (2) registrations pursuant to Section 3.1.1; or (c) if the Initiating Holders propose to dispose of shares of Registrable Securities that may be
immediately registered on Form S-3 pursuant to a request made pursuant to Section 3.1.2. The Company shall not be obligated to effect, or to take any action to effect, any registration pursuant to
Section 3.1.2: (i) during the period that is thirty (30) days before the Company’s good faith estimate of the date of filing of, and ending on a date that is ninety (90) days after the effective date of, a Company-initiated registration, provided, that the Company is actively employing in good faith commercially reasonable efforts to cause such registration statement to become effective; or (ii) if the Company
has effected two (2) registrations pursuant to Section 3.1.2 within the twelve (12) month period immediately preceding the date of such request. A registration shall not be counted as “effected” for purposes of this
Section 3.1.4 until such time as the applicable registration statement has been declared effective by the SEC, unless the Initiating Holders withdraw their request for such registration, elect not to pay the registration expenses therefor, and
forfeit their right to one registration on Form S-1 or S-3, as applicable, pursuant to Section 3.6, in which case such withdrawn registration statement shall
be counted as “effected” for purposes of this Section 3.1.4.  

 3.2 Company Registration. If the Company proposes to register
(including, for this purpose, a registration effected by the Company for stockholders other than the Holders) any of its Common Stock under the Securities Act in connection with the public offering of such securities solely for cash (other than in
an Excluded Registration), the Company shall, at such time, promptly give each Holder notice of such registration. Upon the request of each Holder given within twenty (20) days after such notice is given by the Company, the Company shall,
subject to the provisions of Section 3.3, cause to be registered all of the Registrable Securities that each such Holder has requested to be included in such registration. The Company shall have the right to terminate or withdraw any
registration initiated by it under this Section 3.2 before the effective date of such registration, whether or not any Holder has elected to include Registrable Securities in such registration. The expenses (other than Selling Expenses) of such
withdrawn registration shall be borne by the Company in accordance with Section 3.6. 
 3.3 Underwriting Requirements.

 3.3.1 Inclusion. If, pursuant to Section 3.1, the Initiating Holders intend to distribute the Registrable Securities
covered by their request by means of an underwriting, they shall so advise the Company as a part of their request made pursuant to Section 3.1, and the Company shall include such information in the Demand Notice. The underwriter(s) will be
selected by the Company, subject only to the reasonable approval of the holders of a majority of Registrable Securities held by the Initiating Holders. In such event, the right of any Holder to include such Holder’s Registrable Securities in
such registration shall be conditioned upon such Holder’s participation in such underwriting. All Holders proposing to distribute their securities through such underwriting shall (together with the Company as provided in Section 3.4(e))
enter into an underwriting agreement in customary form with the underwriter(s) selected for such underwriting. Notwithstanding any other provision of this Section 3.3, if the managing underwriter(s) advise(s) the Initiating
Holders in writing that marketing factors require a limitation on the number of shares to be underwritten, then the Initiating Holders shall so advise all Holders of Registrable Securities that otherwise would be underwritten pursuant hereto, and
the number of Registrable Securities that may be included in the underwriting shall be allocated among such Holders of Registrable Securities, including the Initiating Holders, in proportion (as nearly as practicable) to the number of Registrable
Securities owned or held by each Holder or in such other proportion as shall mutually be agreed to by all such selling Holders; provided, however, that the number of Registrable Securities owned or held by the Holders to
be included in such underwriting shall not be reduced unless all other securities are first entirely excluded from the underwriting. To facilitate the allocation of shares in accordance with the above provisions, the Company or the underwriters may
round the number of shares allocated to any Holder to the nearest one hundred (100) shares. 
 3.3.2 Underwriter Cutback. In
connection with any offering involving an underwriting of shares of the Company’s capital stock pursuant to Section 3.2, the Company shall not be required to include any of the Holders’ Registrable Securities in such underwriting
unless the Holders accept the terms of the underwriting as agreed upon between the Company and its underwriters. If the total number of securities, including Registrable Securities, requested by stockholders to be included in such offering exceeds
the number of securities to be sold (other than 

 
by the Company) that the underwriters in their reasonable discretion determine is compatible with the success of the offering, then the Company shall be required to include in the offering only
that number of such securities, including Registrable Securities, which the underwriters and the Company in their sole discretion determine will not jeopardize the success of the offering. If the underwriters determine that less than all of the
Registrable Securities requested to be registered can be included in such offering, then the Registrable Securities that are included in such offering shall be allocated among the selling Holders in proportion (as nearly as practicable to) the
number of Registrable Securities owned or held by each selling Holder or in such other proportions as shall mutually be agreed to by all such selling Holders. To facilitate the allocation of shares in accordance with the above provisions, the
Company or the underwriters may round the number of shares allocated to any Holder to the nearest one hundred (100) shares. Notwithstanding the foregoing, in no event shall (a) the number of Registrable Securities included in the offering
be reduced unless all other securities (other than securities to be sold by the Company) are first entirely excluded from the offering, (b) the number of Registrable Securities included in the offering be reduced below 25% of the total number
of securities included in such offering, unless such offering is the IPO, in which case the selling Holders may be excluded further if the underwriters make the determination described above and no other stockholder’s securities are included in
such offering, or (c) any securities held by a Common Holder be included in such offering if any Registrable Securities held by any Investor (and that such Investor has requested to be registered) are excluded from such offering. For purposes
of the provision in this Section 3.3.2 concerning apportionment, for any selling Holder that is a partnership, limited liability company, or corporation, the partners, members, retired partners, retired members, stockholders, and Affiliates of
such Holder, or the estates and Immediate Family Members of any such partners, retired partners, members, and retired members and any trusts for the benefit of any of the foregoing Persons, shall be deemed to be a single “selling Holder,”
and any pro rata reduction with respect to such “selling Holder” shall be based upon the aggregate number of Registrable Securities owned or held by all Persons included in such “selling Holder,” as defined in this sentence. 

3.3.3 Registration Not Effected. For purposes of Section 3.1, a registration shall not be counted as “effected” if, as a
result of an exercise of the underwriter’s cutback provisions in Section 3.3.1, fewer than fifty percent (50%) of the total number of Registrable Securities that Holders have requested to be included in such registration statement are
actually included. 
 3.4 Obligations of the Company. Whenever required under this Section 3 to effect the
registration of any Registrable Securities, the Company shall, as expeditiously as reasonably possible: 
 (a) prepare and file with the SEC
a registration statement with respect to such Registrable Securities and use its commercially reasonable efforts to cause such registration statement to become effective as promptly as practicable, and, upon the request of the Holders of a majority
of the Registrable Securities registered thereunder, keep such registration statement effective for a period of up to one hundred twenty (120) days or, if earlier, until the distribution contemplated in the registration statement has been
completed; provided, however, that (i) such 120-day period shall be extended for a period of time equal to the period the Holder refrains, at the request of an
underwriter of Common Stock (or other securities) of the Company, 

 
from selling any securities included in such registration, and (ii) in the case of any registration of Registrable Securities on Form S-3 that
are intended to be offered on a continuous or delayed basis, subject to compliance with applicable SEC rules, such 120-day period shall be extended for up to sixty (60) days, if necessary, to keep the
registration statement effective until all such Registrable Securities are sold; 
 (b) prepare and file with the SEC such amendments and
supplements to such registration statement, the prospectus and, if required, any Free Writing Prospectus used in connection with such registration statement as may be necessary to comply with the Securities Act in order to enable the disposition of
all securities covered by such registration statement; 
 (c) furnish to the selling Holders such numbers of copies of a prospectus,
including a preliminary prospectus and any Free Writing Prospectus, as required by the Securities Act, and such other documents as the Holders may reasonably request in order to facilitate their disposition of their Registrable Securities; 

(d) use its commercially reasonable efforts to register and qualify the securities covered by such registration statement under such other
securities or blue-sky laws of such jurisdictions as shall be reasonably requested by the selling Holders; provided that the Company shall not be required to qualify to do business or to file a
general consent to service of process in any such states or jurisdictions, unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities Act; 

(e) in the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and
customary form, with the underwriter(s) of such offering; 
 (f) use its reasonable efforts to cause all such Registrable Securities
covered by such registration statement to be listed on a national securities exchange or trading system and each securities exchange and trading system (if any) on which similar securities issued by the Company are then listed; 

(g) provide a transfer agent and registrar for all Registrable Securities registered pursuant to this Agreement and provide a CUSIP number for
all such Registrable Securities, in each case not later than the effective date of such registration; 
 (h) promptly make available for
inspection by the selling Holders, any managing underwriter(s) participating in any disposition pursuant to such registration statement, and any attorney or accountant or other agent retained by any such underwriter or selected by the selling
Holders, all financial and other records, pertinent corporate documents, and properties of the Company, and cause the Company’s officers, directors, employees, and independent accountants to supply all information reasonably requested by any
such seller, underwriter, attorney, accountant, or agent, in each case, as necessary or advisable to verify the accuracy of the information in such registration statement and to conduct appropriate due diligence in connection therewith; 

 (i) notify each selling Holder, promptly after the Company receives notice thereof, of the time
when such registration statement has been declared effective or a supplement to any prospectus or Free-Writing Prospectus forming a part of such registration statement has been filed; 

(j) after such registration statement becomes effective, notify each selling Holder of any request by the SEC that the Company amend or
supplement such registration statement or prospectus or Free-Writing Prospectus; 
 (k) use its
commercially reasonable efforts to obtain for the underwriters one or more “cold comfort” letters, dated the effective date of the related registration statement (and, if such registration includes an underwritten public offering, dated
the date of the closing under the underwriting agreement), signed by the Company’s independent public accountants in customary form and covering such matters of the type customarily covered by “cold comfort” letters; 

(l) use its commercially reasonable efforts to obtain for the underwriters on the date such securities are delivered to the underwriters for
sale pursuant to such registration a legal opinion of the Company’s outside counsel with respect to the registration statement, each amendment and supplement thereto, the prospectus included therein (including the preliminary prospectus) and
such other documents relating thereto in customary form and covering such matters of the type customarily covered by legal opinions of such nature; 

(m) to the extent the Company is a well-known seasoned issuer (as defined in SEC Rule 405) at the
time any request for registration is submitted to the Company in accordance with Section 3.1, if so requested, file an Automatic Shelf Registration Statement to effect such registration; and 

(n) if at any time when the Company is required to re-evaluate its
well-known seasoned issuer status for purposes of an outstanding Automatic Shelf Registration Statement used to effect a request for registration in accordance with Section 3.1.2 the Company determines
that it is not a well-known seasoned issuer and (i) the registration statement is required to be kept effective in accordance with this Agreement and (ii) the registration rights of the applicable
Holders have not terminated, use commercially reasonable efforts to promptly amend the registration statement on a form the Company is then eligible to use or file a new registration statement on such form, and keep such registration statement
effective in accordance with the requirements otherwise applicable under this Agreement. 
 3.5 Furnish
Information. It shall be a condition precedent to the obligations of the Company to take any action pursuant to this Section 3 with respect to the Registrable Securities of any selling Holder that such Holder shall furnish to the
Company such information regarding itself, the Registrable Securities held by it, and the intended method of disposition of such securities as is reasonably required to effect the registration of such Holder’s Registrable Securities. 

3.6 Expenses of Registration. All expenses (other than Selling Expenses) incurred in connection with registrations,
filings, or qualifications pursuant to Section 3, including all registration, filing, and qualification fees; printers’ and accounting fees; fees and disbursements of counsel for the Company; and the reasonable fees and disbursements of
one Selling Holder Counsel shall be borne and paid by the Company; provided, however, that (a) the Company shall 

 
not be required to pay for any expenses of any registration proceeding begun pursuant to Section 3.1 if the registration request is subsequently withdrawn at the request of the Holders of a
majority of the Registrable Securities to be registered (in which case all selling Holders shall bear such expenses pro rata based upon the number of Registrable Securities that were to be included in the withdrawn registration), unless the Holders
of a majority of the Registrable Securities agree to forfeit their right to one registration pursuant to Section 3.1.1 or Section 3.1.2, as the case may be, (b) if, at the time of such withdrawal, the Holders shall have learned of a
material adverse change in the condition, business, or prospects of the Company not known to the Holders at the time of their request and have withdrawn the request with reasonable promptness after learning of such information, then the Holders
shall not be required to pay any of such expenses and shall not forfeit their right to one registration pursuant to Section 3.1.1 or Section 3.1.2, and (c) in connection with a registration pursuant to Section 3.2, the Company
shall only be required to bear and pay the reasonable fees and disbursements of one Selling Holder Counsel in an amount up to $50,000. All Selling Expenses relating to Registrable Securities registered pursuant to this Section 3 shall be borne
and paid by the Holders pro rata on the basis of the number of Registrable Securities registered on their behalf. 
 3.7 Delay
of Registration. No Holder shall have any right to obtain or seek an injunction restraining or otherwise delaying any registration pursuant to this Agreement as the result of any controversy that might arise with respect to the
interpretation or implementation of this Section 3. 
 3.8 Indemnification. If any Registrable Securities
are included in a registration statement under this Section 3: 
 3.8.1 Company Indemnification. To the extent permitted by law,
the Company will indemnify and hold harmless each selling Holder, and the partners, members, officers, directors, and stockholders of each such Holder; legal counsel and accountants for each such Holder; any underwriter (as defined in the Securities
Act) for each such Holder; and each Person, if any, who controls such Holder or underwriter within the meaning of the Securities Act or the Exchange Act, against any Damages, and the Company will pay to each such Holder, underwriter, controlling
Person, or other aforementioned Person any legal or other expenses reasonably incurred thereby in connection with investigating or defending any claim or proceeding from which Damages may result, as such expenses are incurred;
provided, however, that the indemnity agreement contained in this Section 3.8.1 shall not apply to amounts paid in settlement of any such claim or proceeding if such settlement is effected without the consent
of the Company, which consent shall not be unreasonably withheld, conditioned, or delayed nor shall the Company be liable for any Damages to the extent that they arise out of or are based upon actions or omissions made in reliance upon and in
conformity with written information furnished by or on behalf of any such Holder, underwriter, controlling Person, or other aforementioned Person expressly for use in connection with such registration. 

3.8.2 Selling Holder Indemnification. To the extent permitted by law, each selling Holder, severally and not jointly, will indemnify
and hold harmless the Company, and each of its directors, each of its officers who has signed the registration statement, each Person (if any), who controls the Company within the meaning of the Securities Act, legal counsel and accountants for the
Company, any underwriter (as defined in the Securities Act), any other Holder selling securities in such registration statement, and any controlling Person of any such underwriter 

 
or other Holder, against any Damages, in each case only to the extent that such Damages arise out of or are based upon actions or omissions made in reliance upon and in conformity with written
information furnished by or on behalf of such selling Holder expressly for use in connection with such registration; and each such selling Holder will pay to the Company and each other aforementioned Person any legal or other expenses reasonably
incurred thereby in connection with investigating or defending any claim or proceeding from which Damages may result, as such expenses are incurred; provided, however, that (a) the indemnity agreement
contained in this Section 3.8.2 shall not apply to amounts paid in settlement of any such claim or proceeding if such settlement is effected without the consent of the Holder, which consent shall not be unreasonably withheld, conditioned or
delayed, and (b) that in no event shall the aggregate amounts payable by any Holder by way of indemnity or contribution under Sections 3.8.2 and 3.8.4 exceed the proceeds from the offering received by such Holder (net of any Selling
Expenses paid by such Holder), except in the case of fraud or willful misconduct by such Holder. 
 3.8.3 Procedures. Promptly after
receipt by an indemnified party under this Section 3.8 of notice of the commencement of any action (including any governmental action) for which a party may be entitled to indemnification hereunder, such indemnified party will, if a claim in
respect thereof is to be made against any indemnifying party under this Section 3.8, give the indemnifying party notice of the commencement thereof. The indemnifying party shall have the right to participate in such action and, to the extent
the indemnifying party so desires, participate jointly with any other indemnifying party to which notice has been given, and to assume the defense thereof with counsel mutually satisfactory to the parties; provided,
however, that an indemnified party (together with all other indemnified parties that may be represented without conflict by one counsel) shall have the right to retain one separate counsel, with the fees and expenses to be paid by
the indemnifying party, if representation of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or potential differing interests between such indemnified party and any other party
represented by such counsel in such action. The failure to give notice to the indemnifying party within a reasonable time of the commencement of any such action shall relieve such indemnifying party of any liability to the indemnified party under
this Section 3.8, solely to the extent that such failure prejudices the indemnifying party’s ability to defend such action. The failure to give notice to the indemnifying party will not relieve such indemnifying party of any liability that
it may have to any indemnified party except as contemplated under this Section 3.8. 
 3.8.4 Contribution. To provide for just
and equitable contribution to joint liability under the Securities Act in any case in which either (a) any party otherwise entitled to indemnification hereunder makes a claim for indemnification pursuant to this Section 3.8 but it is
judicially determined (by the entry of a final judgment or decree by a court of competent jurisdiction and the expiration of time to appeal or the denial of the last right of appeal) that such indemnification may not be enforced in such case,
notwithstanding the fact that this Section 3.8 provides for indemnification in such case, or (b) contribution under the Securities Act may be required on the part of any party hereto for which indemnification is provided under this
Section 3.8, then, and in each such case, such parties will contribute to the aggregate losses, claims, damages, liabilities, or expenses to which they may be subject (after contribution from others) in such proportion as is appropriate to
reflect the relative fault of each of the indemnifying party and the indemnified party in connection with the statements, omissions, or other actions that resulted in such loss, claim, damage, liability, or expense, as well as to reflect any other
relevant equitable 

 
considerations. The relative fault of the indemnifying party and of the indemnified party shall be determined by reference to, among other things, whether the untrue or allegedly untrue statement
of a material fact, or the omission or alleged omission of a material fact, relates to information supplied by the indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access to information, and
opportunity to correct or prevent such statement or omission; provided, however, that: 
 (i) in any such
case, (a) no Holder will be required to contribute any amount in excess of the public offering price of all such Registrable Securities offered and sold by such Holder pursuant to such registration statement, and (b) no Person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation; and 

(ii) in no event shall a Holder’s liability pursuant to this Section 3.8.4, when combined with the amounts paid or payable by such
Holder pursuant to Section 3.8.2, exceed the proceeds from the offering received by such Holder (net of any Selling Expenses paid by such Holder), except in the case of fraud or willful misconduct by such Holder. 

3.8.5 Underwriting Agreement Controls. Notwithstanding the foregoing, to the extent that the provisions on indemnification and
contribution contained in the underwriting agreement entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall control. 

3.8.6 Survival. Unless otherwise superseded by an underwriting agreement entered into in connection with the underwritten public
offering, the obligations of the Company and Holders under this Section 3.8 shall survive the completion of any offering of Registrable Securities in a registration under this Section 3, and otherwise shall survive the termination of this
Agreement. 
 3.9 Reports under the Exchange Act. With a view to making available to the Holders the benefits of
SEC Rule 144 and any other rule or regulation of the SEC that may at any time permit a Holder to sell securities of the Company to the public without registration or pursuant to a registration on
Form S-3, the Company shall: 
 (a) use commercially reasonable efforts to make and keep
available adequate current public information, as those terms are understood and defined in SEC Rule 144, at all times after the effective date of the registration statement filed by the Company for the IPO; 

(b) use commercially reasonable efforts to file with the SEC in a timely manner all reports and other documents required of the Company under
the Securities Act and the Exchange Act (at any time after the Company has become subject to such reporting requirements); and 
 (c)
furnish to any Holder, so long as the Holder owns any Registrable Securities, forthwith upon request (i) to the extent accurate, a written statement by the Company that it has complied with the reporting requirements of SEC Rule 144 (at
any time after ninety (90) days after the effective date of the registration statement filed by the Company for the IPO), the Securities Act, and the Exchange Act (at any time after the Company has become subject to such

 
reporting requirements), or that it qualifies as a registrant whose securities may be resold pursuant to Form S-3 (at any time after the Company so
qualifies); and (ii) such other information as may be reasonably requested in availing any Holder of any rule or regulation of the SEC that permits the selling of any such securities without registration (at any time after the Company has
become subject to the reporting requirements under the Exchange Act) or pursuant to Form S-3 (at any time after the Company so qualifies to use such form). 

3.10 Limitations on Subsequent Registration Rights. From and after the date of this Agreement, the Company shall
not, without the prior written consent of the Holders of a majority of the Registrable Securities then outstanding, enter into any agreement with any holder or prospective holder of any securities of the Company that would allow such holder or
prospective holder to include such securities in any registration if such agreement (a) would allow such holder or prospective holder to include a portion of its securities in any “piggyback” registration if such inclusion could
reduce the number of Registrable Securities that selling Holders could be entitled to include in such registration under Sections 3.2 and 3.3.2 hereof or (b) would allow such holder or prospective holder to initiate a demand for
registration of any of its securities at a time earlier than the Holders of Registrable Securities can demand registration under Section 3.1. This Section 3.10 shall not apply with respect to the grant of “piggyback” registration
rights to a holder of a Lender Warrant or to the grant of registration rights to an investor or prospective investor in the Company in connection with a bona fide equity financing. 

3.11 “Market Stand-off”
Agreement. Each Holder hereby agrees that, during the Standoff Period, such Holder will not, without the prior written consent of the Company or the managing underwriter, 

(a) lend, 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 or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock, or any securities convertible into or exercisable or exchangeable (directly or indirectly) for Common Stock, held
immediately before the effective date of the registration statement for such offering; or 
 (b) enter into any swap or other
arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of such securities, whether any such transaction described in clause (a) or (b) above is to be settled by delivery of Common Stock or
other securities, in cash, or otherwise. 
 The foregoing provisions of this Section 3.11 shall not apply to the sale of any shares to an underwriter
pursuant to an underwriting agreement, and shall be applicable to the Holders only if all officers, directors, and stockholders individually owning more than five percent (5%) of the Company’s outstanding Common Stock (after giving effect to
conversion into Common Stock of all outstanding Preferred Stock) are similarly bound. For purposes of this Section 3.11, the term “Company” shall include any wholly-owned subsidiary of the
Company into which the Company merges or consolidates. In order to enforce the foregoing covenant, the Company shall have the right to place restrictive legends on the certificates representing the shares subject to this Section 3.11 and to
impose stop transfer instructions with respect to such shares until the end of such period. The underwriters in connection with such registration are intended third-party beneficiaries of this
Section 3.11 and shall have the right, power, and authority to enforce the 

 
provisions hereof as though they were a party hereto. Each Holder further agrees to execute such agreements as may be reasonably requested by the underwriters in connection with such registration
that are consistent with this Section 3.11 or that are necessary to give further effect thereto. Any discretionary termination of the restrictions of any or all of such agreements by the Company or the underwriters shall apply pro rata to all
Holders subject to such agreements, based on the number of shares of Registrable Securities subject to such agreements. 
 3.12
Restrictions on Transfer. 
 3.12.1 Agreement Binding. The Preferred Stock and the Registrable Securities shall not be
sold, pledged, or otherwise transferred, and the Company shall not recognize and shall issue stop-transfer instructions to its transfer agent with respect to any such sale, pledge, or transfer, except upon the
conditions specified in this Agreement, which conditions are intended to ensure compliance with the provisions of the Securities Act. A transferring Holder will cause any proposed purchaser, pledgee, or transferee of the Preferred Stock and the
Registrable Securities held by such Holder to agree to take and hold such securities subject to the provisions and upon the conditions specified in this Agreement. Notwithstanding anything to the contrary set forth in this Agreement, the parties
hereto agree that all Registrable Securities shall be bound by any and all restrictions on transfer set forth in the Company’s bylaws (the “Bylaws”). 

3.12.2 Legends. Each certificate or instrument representing (a) the Preferred Stock, (b) the Registrable Securities, and
(c) any other securities issued in respect of the securities referenced in clauses (a) and (b), upon any stock split, stock dividend, recapitalization, merger, consolidation, or similar event, shall (unless otherwise permitted by the
provisions of Section 3.12.3) be stamped or otherwise imprinted with a legend substantially in the following form: 
 THE SHARES
REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO TRANSFER MAY BE EFFECTED
WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. 

THE SHARES REPRESENTED BY THIS CERTIFICATE MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF AN AGREEMENT BETWEEN THE COMPANY AND THE
STOCKHOLDER, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY. 
 THE SECURITIES REPRESENTED HEREBY ARE SUBJECT TO CERTAIN
RESTRICTIONS OF TRANSFER SET FORTH IN THE COMPANY’S BYLAWS, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY. 

 The Holders consent to the Company making a notation in its records and giving instructions to any transfer agent
of the Restricted Securities in order to implement the restrictions on transfer set forth in this Section 3.12. 
 3.12.3
Procedure. The holder of each certificate representing Restricted Securities, by acceptance thereof, agrees to comply in all respects with the provisions of this Section 3. Before any proposed sale, pledge, or transfer of any Restricted
Securities, unless there is in effect a registration statement under the Securities Act covering the proposed transaction, the Holder thereof shall give notice to the Company of such Holder’s intention to effect such sale, pledge, or transfer.
Each such notice shall describe the manner and circumstances of the proposed sale, pledge, or transfer in sufficient detail and, if reasonably requested by the Company, shall be accompanied at such Holder’s expense by either (a) a written
opinion of legal counsel who shall, and whose legal opinion shall, be reasonably satisfactory to the Company, addressed to the Company, to the effect that the proposed transaction may be effected without registration under the Securities Act;
(b) a “no action” letter from the SEC to the effect that the proposed sale, pledge, or transfer of such Restricted Securities without registration will not result in a recommendation by the staff of the SEC that action be taken with
respect thereto; or (c) any other evidence reasonably satisfactory to counsel to the Company to the effect that the proposed sale, pledge, or transfer of the Restricted Securities may be effected without registration under the Securities Act,
whereupon the Holder of such Restricted Securities shall be entitled to sell, pledge, or transfer such Restricted Securities in accordance with the terms of the notice given by the Holder to the Company. The Company will not require such a legal
opinion or “no action” letter (i) in any transaction in compliance with SEC Rule 144 or (ii) in any transaction in which such Holder distributes Restricted Securities to an Affiliate of such Holder for no consideration;
provided that each transferee agrees in writing to be subject to the terms of this Section 3.12. Each certificate or instrument evidencing the Restricted Securities transferred as above provided shall bear, except if such transfer is made
pursuant to SEC Rule 144, the appropriate restrictive legend set forth in Section 3.12.2, except that such certificate shall not bear such restrictive legend if, in the opinion of counsel for such Holder and the Company, such legend is not
required in order to establish compliance with any provisions of the Securities Act. Until the IPO, no Holder shall transfer any Restricted Securities to any person or entity that is determined to be a competitor of the Company, in the good faith
judgment of the Board. 
 4. RIGHTS TO FUTURE STOCK ISSUANCES. Subject to the terms and conditions of this
Section 4 and applicable securities laws, if the Company proposes to sell any New Securities, the Company shall offer to sell a portion of New Securities to each Major Investor as described in this Section 4. A Major Investor shall be
entitled to apportion the right of first refusal hereby granted to it among itself and its Affiliates in such proportions as it deems appropriate. The right of first refusal in this Section 4 shall not be applicable with respect to any Major
Investor, if at the time of such subsequent securities issuance, the Major Investor is not an “accredited investor,” as that term is then defined in Rule 501(a) under the Securities Act. 

4.1 Company Notice. The Company shall give notice (the “Offer Notice”) to each Major
Investor, stating (a) its bona fide intention to sell such New Securities, (b) the number of such New Securities to be sold and (c) the price and terms, if any, upon which it proposes to sell such New Securities. 

 4.2 Investor Right. By written notice (the “Investor
Notice”) to the Company within twenty (20) days after the Offer Notice is given, each Major Investor may elect to purchase or otherwise acquire, at the price and on the terms specified in the Offer Notice, up to such Major
Investor’s Pro Rata Amount. In addition, each Major Investor that elects to purchase or acquire all of its Pro Rata Amount (each, a “Fully Exercising Investor”) may, in the Investor Notice, elect to purchase or acquire,
in addition to its Pro Rata Amount, a portion of the New Securities, if any, for which other Major Investors were entitled to subscribe but that are not subscribed for by such Major Investors. The amount of such overallotment that each Fully
Exercising Investor shall be entitled to purchase is equal to the proportion that the Common Stock issued and held, or issuable (directly or indirectly) upon conversion and/or exercise, as applicable, of Preferred Stock and any other Derivative
Securities then held, by such Fully Exercising Investor bears to the Common Stock issued and held, or issuable (directly or indirectly) upon conversion and/or exercise, as applicable, of the Preferred Stock and any other Derivative Securities then
held, by all Fully Exercising Investors who wish to purchase such unsubscribed shares. A Major Investor’s election may be conditioned on the consummation of the transaction described in the Offer Notice. The closing of any sale pursuant to this
Section 4.2 shall occur on the earlier of one hundred and twenty (120) days after the date that the Offer Notice is given and the date of initial sale of New Securities pursuant to Section 4.3. 

4.3 Sale of Securities. If all New Securities referred to in the Offer Notice are not elected to be purchased or
acquired as provided in Section 4.2, the Company may, during the ninety (90) day period following the expiration of the periods provided in Section 4.2, offer and sell the remaining unsubscribed portion of such New Securities to any
Person or Persons at a price not less than, and upon terms no more favorable to the offeree than, those specified in the Offer Notice. If the Company does not enter into an agreement for the sale of the New Securities within such period, or if such
agreement is not consummated within thirty (30) days of the execution thereof, the right provided hereunder shall be deemed to be revived and such New Securities shall not be offered unless first reoffered to the Major Investors in accordance
with this Section 4. 
 4.4 Alternate Procedure. Notwithstanding any provision hereof to the contrary, in
lieu of complying with the provisions of Sections 4.1 and 4.2, the Company may elect to give notice to the Major Investors within thirty (30) days after the issuance of New Securities. Such notice shall describe the type, price, and terms
of the New Securities, and the identities of the Persons to whom the New Securities were sold. Each Major Investor shall have twenty (20) days after the date the Company’s notice is given to elect, by giving notice to the Company, to
purchase up to the number of New Securities that such Major Investor would otherwise have the right to purchase pursuant to Section 4.2 above had the Company complied with the provisions of Sections 4.1 and 4.2 in connection with the
issuance of such New Securities under the terms and conditions set forth in the Company’s notice pursuant to this Section 4.4. Any Major Investors electing to purchase such New Securities shall also have rights of oversubscription to
purchase New Securities that were purchasable by other Major Investors pursuant to the foregoing sentence but were not so purchased, and such rights of oversubscription shall be apportioned in a manner consistent with the apportionment among Fully
Exercising Investors described in Section 4.2. The closing of such sale shall occur within sixty (60) days of the date notice is given to the Major Investors.  

 4.5 Assignment. Notwithstanding Section 6.1, the rights provided in
this Section 4 may not be assigned or transferred by any Major Investor; provided, however, that a Major Investor may assign such rights to an Affiliate. 

5. VOTING AGREEMENT. Each Holder hereby agrees that by entering into, or otherwise obtaining rights under, this
Agreement, such Holder shall automatically be bound by the Voting Agreement, as if such Holder were a Stockholder under that agreement (unless such Holder has executed a counterpart signature page or joinder agreement thereto and such Voting
Agreement specifies a capacity for such Holder in addition to Stockholder, in which event such Holder shall also have such additional capacity). 

6. TERMINATION. 

6.1 Generally. The covenants set forth in Section 2.1, Section 2.2 and Section 4 shall terminate and
be of no further force or effect upon the earliest to occur of: (a) immediately before the consummation of the IPO; (b) when the Company first becomes subject to the periodic reporting requirements of Section 12(g) or
15(d) of the Exchange Act; or (c) upon a Deemed Liquidation Event. 
 6.2 Registration Rights. The
right of any Holder to request registration or inclusion of Registrable Securities in any registration pursuant to Section 3.1 or Section 3.2 shall terminate upon the earliest to occur of: (a) when all of such Holder’s
Registrable Securities could be sold without any restriction on volume or manner of sale in any three-month period under SEC Rule 144 or any successor; (b) upon a Deemed Liquidation Event; and
(c) the fifth (5th) anniversary of the IPO. 
 7. GENERAL PROVISIONS. 

7.1 Successors and Assigns. The rights under Sections 2 and 3 of this Agreement may be assigned (but only with
all related obligations) by a Holder to a transferee of Registrable Securities that (a) is an Affiliate, partner, member, limited partner, retired or former partner, retired or former member, or stockholder of a Holder or such Holder’s
Affiliate; (b) is a Holder’s Immediate Family Member or trust for the benefit of an individual Holder or one or more of such Holder’s Immediate Family Members; or (c) is a venture capital fund that is controlled by or under
common control with one or more general partners or managing partners or managing members of, or shares the same management company with, the Holder; provided, however, that (i) the Company is, within a
reasonable time after such transfer, furnished with written notice of the name and address of such transferee and the Registrable Securities with respect to which such rights are being transferred; and (ii) such transferee agrees in a written
instrument delivered to the Company to be bound by and subject to the terms and conditions of this Agreement, including the provisions of Section 3.11. The terms and conditions of this Agreement inure to the benefit of and are binding upon the
respective successors and permitted assignees of the parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and permitted assignees any rights,
remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided herein. 

 7.2 Governing Law. This Agreement shall be governed by, and construed
in accordance with, the laws of the State of California, regardless of the laws that might otherwise govern under applicable principles of conflicts of laws. 

7.3 Counterparts; Facsimile. This Agreement may be executed in two or more counterparts, each
of which shall be deemed an original, but all of which together shall constitute one and the same instrument. This Agreement may also be executed and delivered by facsimile signature and in two or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same instrument. 
 7.4 Titles and Subtitles.
The titles and subtitles used in this Agreement are for convenience only and are not to be considered in construing or interpreting this Agreement. 

7.5 Notices. All notices, requests, and other communications given, made or delivered pursuant to this Agreement
shall be in writing and shall be deemed effectively given, made or delivered upon the earlier of actual receipt or: (a) personal delivery to the party to be notified; (b) when sent, if sent by facsimile during the recipient’s normal
business hours, and if not sent during normal business hours, then on the recipient’s next business day, in each case upon customary confirmation of receipt; (c) five (5) days after having been sent by registered or certified mail,
return receipt requested, postage prepaid; or (d) one (1) business day after the business day of deposit with a nationally recognized overnight courier, freight prepaid, specifying next-day delivery,
with written verification of receipt. All communications shall be sent to the respective parties at their addresses as set forth on Schedule A-1,
Schedule A-2, or Schedule B hereto (as applicable), or to the principal office of the Company and to the attention of the Chief Executive Officer, in
the case of the Company, or to such address or facsimile number as subsequently modified by written notice given in accordance with this Section 7.5. If notice is given to the Company, it shall be sent to 441 Logue Avenue, Mountain View,
California 94043, marked “Attention: Chief Executive Officer”. If no facsimile number is listed on the applicable schedule attached hereto for a party (or above in the case of the Company), notices and communications given or made by
facsimile shall not be deemed effectively given to such party. 
 7.6 Amendments and Waivers. This Agreement may
only be amended or terminated and the observance of any term hereof may be waived (either generally or in a particular instance, and either retroactively or prospectively) only by a written instrument executed by the Company and (a) with
respect to Sections 2 and 4 and any other provision of this Agreement to the extent such provision pertains to Section 2 or 4, the holders of a majority of the Registrable Securities then outstanding and held by the Major Investors or
(b) with respect to any Section other than Sections 2 or 4, the holders of a majority of the Registrable Securities then outstanding; provided that (i) the holders of a majority of the Registrable Securities then outstanding and held by
the Major Investors may waive, on behalf of all Major Investors, the rights set forth in Section 4, without the Company’s consent, (ii) the Company may in its sole discretion waive compliance with Section 3.12 (and the
Company’s failure to object promptly in writing after notification of a proposed assignment allegedly in violation of Section 3.12 shall be deemed to be a waiver); (iii) any provision hereof may be waived by any waiving party on such
party’s own behalf, without the consent of any other party; (iv) in the event that such amendment or waiver adversely affects the obligations or rights of the Common Holders in a different manner than the other Holders, such amendment or
waiver shall also require the written consent of the holders of a majority in interest of the Common Holders then employed by the Company; (v) the Company may, without the consent or approval of any other party hereto, cause additional persons
to become party to this Agreement as Lenders pursuant to Section 7.14 hereto and amend Schedule A-2 hereto accordingly, and (vi) the Company may, without the

 
consent or approval of any other party hereto, cause additional persons to become party to this Agreement as Investors pursuant to Section 7.15 hereto and amend Schedule A-1 hereto accordingly. Any amendment, termination, or waiver effected in accordance with this Section 7.6 shall be binding on each party hereto and all of such party’s successors and permitted
assigns, regardless of whether or not any such party, successor or assignee entered into or approved such amendment, termination, or waiver. No waivers of or exceptions to any term, condition, or provision of this Agreement, in any one or more
instances, shall be deemed to be or construed as a further or continuing waiver of any such term, condition, or provision. 
 7.7
Severability. In case any one or more of the provisions contained in this Agreement is for any reason held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not
affect any other provision of this Agreement, and such invalid, illegal, or unenforceable provision shall be reformed and construed so that it will be valid, legal, and enforceable to the maximum extent permitted by law. 

7.8 Aggregation of Stock. All shares of Registrable Securities held or acquired by affiliates, or held by an
Advisory Client (as defined in the Bylaws) with the same or affiliated investment advisor that has sole investment authority therefor and is registered under the Investment Advisory Act of 1940, shall be aggregated together for the purpose of
determining the availability of any rights under this Agreement and such affiliated persons may apportion such rights as among themselves in any manner they deem appropriate. 

7.9 Entire Agreement. This Agreement (including any schedules and exhibits hereto) constitutes the full and entire
understanding and agreement among the parties with respect to the subject matter hereof, and any other written or oral agreement relating to the subject matter hereof existing between the parties is expressly canceled and replaced with this
Agreement. The Prior Rights Agreement is hereby amended and superseded in its entirety and restated herein. All provisions of, rights granted and covenants made in the Prior Rights Agreement are hereby waived, released and superseded in their
entirety by the provisions hereof and shall have no further force or effect. 
 7.10 Third Parties. Other than as set
forth in Section 3.11, nothing in this Agreement, express or implied, is intended to confer upon any person, other than the parties hereto and their successors and assigns, any rights or remedies under or by reason of this Agreement. 

7.11 Delays or Omissions. Except as set forth in Section 7.6 herein, no delay or omission to exercise any
right, power, or remedy accruing to any party under this Agreement, upon any breach or default of any other party under this Agreement, shall impair any such right, power, or remedy of such nonbreaching or nondefaulting party, nor shall it be
construed to be a waiver of or acquiescence to any such breach or default, or to any similar breach or default thereafter occurring, nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore
or thereafter occurring. All remedies, whether under this Agreement or by law or otherwise afforded to any party, shall be cumulative and not alternative. 

 7.12 Dispute Resolution. The parties (a) hereby irrevocably and
unconditionally submit to the jurisdiction of the federal or state courts located in the Northern District of California for the purpose of any suit, action or other proceeding arising out of or based upon this Agreement, (b) agree not to
commence any suit, action or other proceeding arising out of or based upon this Agreement except in the federal or state courts located in the Northern District of California, and (c) hereby waive, and agree not to assert, by way of motion, as
a defense, or otherwise, in any such suit, action or proceeding, any claim that a party is not subject to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or
execution based upon judgment or order of such court(s), that any suit, action or proceeding arising out of or based upon this Agreement commenced in the federal or state courts located in the Northern District of California is brought in an
inconvenient forum, that the venue of such suit, action or proceeding is improper or that this Agreement or the subject matter hereof may not be enforced in or by such court. Should any party commence a suit, action or other proceeding arising out
of or based upon this Agreement in a forum other than the federal or state courts located in the Northern District of California, or should any party otherwise seek to transfer or dismiss such suit, action or proceeding from such court(s), that
party shall indemnify and reimburse the other party for all legal costs and expenses incurred in enforcing this provision. 
 7.13
Attorneys’ Fees. If any action at law or in equity is necessary to enforce or interpret the terms of this Agreement, the non-prevailing party shall pay all costs and expenses incurred by
the prevailing party, including, without limitation, all reasonable attorneys’ fees. 
 7.14 Additional
Lenders. Notwithstanding anything to the contrary contained herein, if the Company issues any Lender Warrant, any recipient of a Lender Warrant may become a party to this Agreement by executing and delivering an
additional counterpart signature page to this Agreement, and thereafter shall be deemed a “Lender” for all purposes hereunder, and shall be listed on Schedule A-2
herein. No action or consent by the Investors shall be required for such joinder to this Agreement by such additional or Lender, so long as such additional Lender has agreed in writing to be bound by all of the obligations as a “Lender”
hereunder. 
 7.15 Additional Investors. Notwithstanding anything to the contrary contained herein, if the
Company sells additional shares of Series B-1 Preferred Stock after the date hereof in accordance with the Series B Purchase Agreement, any recipient of such shares of Series
B-1 Preferred Stock may become a party to this Agreement by executing and delivering an additional counterpart signature page to this Agreement, and thereafter shall be deemed an “Investor” for all
purposes hereunder, and shall be listed on Schedule A-1 herein. No action or consent by the Investors shall be required for such joinder to this Agreement by such additional Investor, so long as such
additional Investor has agreed to be bound by all of the obligations as an “Investor” hereunder. 
 7.16 Waiver of
Rights of First Refusal. Pursuant to Section 7.6 of the Prior Rights Agreement, the Prior Investors, holding not less than a majority of the Registrable Securities then outstanding and held by the Major Investors (as defined in the
Prior Rights Agreement), hereby waive all rights to notice of, and all rights of first refusal contained in Section 4 of the Prior Rights Agreement with respect to the shares of Series B-1 Preferred Stock
and Series B-2 Preferred Stock sold pursuant to the Series B Purchase Agreement. 

[SIGNATURE PAGES FOLLOW] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated
Investors’ Rights Agreement as of the date first written above. 
  

			
	COMPANY:
	
	ELANCE-ODESK, INC.
		
	By:	 	 /s/ Servaes Tholen

	Name:	 	Servaes Tholen
	Title:	 	Chief Financial Officer

 SIGNATURE PAGE TO THE AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT OF ELANCE-ODESK, INC. 

 IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated
Investors’ Rights Agreement as of the date first written above. 
 INVESTORS: 

T. Rowe Price New Horizons Fund, Inc. 
 T. Rowe Price New Horizons
Trust, and 
 T. Rowe Price U.S. Equities Trust 

    each fund, severally and not jointly 

By: T. Rowe Price Associates, Inc., Investment Adviser 
  

			
	By:	 	 /s/ Henry Ellenbogen

			
	Name:	 	Henry Ellenbogen
	Title:	 	Vice President

 SIGNATURE PAGE TO THE AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT OF ELANCE-ODESK, INC. 

 IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated
Investors’ Rights Agreement as of November 20, 2017. 
 INVESTORS: 

T. ROWE PRICE NEW HORIZONS FUND, INC. 
 T. ROWE PRICE
NEW HORIZONS TRUST, AND 
 T. ROWE PRICE U.S. EQUITIES TRUST (A/C 7JX4) 

Each account, severally not jointly 
 By: T. Rowe Price
Associates, Inc., Investment Adviser 
  

			
	By:	 	 /s/ J. David Wagner

	 Name: J. David Wagner
 Title: Vice
President

 T. ROWE PRICE SMALL-CAP VALUE FUND, INC. 

T. ROWE PRICE U.S. SMALL-CAP VALUE EQUITY TRUST 

T. ROWE PRICE U.S. EQUITIES TRUST (7KX4) 
 Each account,
severally not jointly 
 By: T. Rowe Price Associates, Inc., Investment Adviser 
  

			
	By:	 	 /s/ J. David Wagner

	Name: J. David Wagner
	Title: Vice President

 T. Rowe Price Associates, Inc. 

100 East Pratt Street 
 Baltimore, MD 21202 

Attn: Andrew Baek, Vice President and Senior Legal Counsel 

Phone: 410-345-2090 

Email: Andrew_Baek@troweprice.com 
 (SIGNATURE
PAGE TO THE AMENDED AND RESTATED 
 INVESTORS’ RIGHTS AGREEMENT OF UPWORK INC.) 

 IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated
Investors’ Rights Agreement as of the date first written above. 
 INVESTORS: 

 

	
	DAG VENTURES III-QP, L.P.
	By: DAG Ventures Management III, LLC,
	Its General Partner
	
	 /s/ Young Chung

	Young Chung, Managing Director
	
	DAG Ventures III, L.P.
	By: DAG Ventures Management III, LLC,
	Its General Partner
	
	 /s/ Young Chung

	Young Chung, Managing Director
	
	DAG Ventures GP Fund III, LLC
	By: DAG Ventures Management III, LLC,
	Its General Partner
	
	 /s/ Young Chung

	Young Chung, Managing Director

 SIGNATURE PAGE TO THE AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT OF 

ELANCE-ODESK, INC. 

  

 IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated
Investors’ Rights Agreement as of the date first written above. 
 INVESTORS: 

BENCHMARK CAPITAL PARTNERS V, L.P. 
 as nominee for: 

Benchmark Capital Partners V, L.P. 
 Benchmark Founders’ Fund
V, L.P. 
 Benchmark Founders’ Fund V-A, L.P 

Benchmark Founders’ Fund V-B, L.P. 

and related individuals 
 By: Benchmark Capital Management Co. V,
L.L.C., 
 its general partner 
  

			
	By:	 	 /s/ signature illegible

		 	Managing Member

 SIGNATURE PAGE TO THE AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT OF 

ELANCE-ODESK, INC. 

 IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated
Investors’ Rights Agreement as of the date first written above. 
 INVESTORS: 

FIRSTMARK CAPITAL OF I, LP 
 By: FirstMark Capital OF I GP, LLC,
its general partner 
  

			
	By:	 	 /s/ Brian Kemper

		 	Brian Kemper, Chief Operating Officer
	
	FIRSTMARK II LIQUIDATING TRUST
	By:	 	Midtown II GP, LLC, trustee
		
	By:	 	 /s/ Brian Kemper

		 	Brian Kemper, Chief Operating Officer

 SIGNATURE PAGE TO THE AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT OF 

ELANCE-ODESK, INC. 

 IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated
Investors’ Rights Agreement as of the date first written above. 
  

					
	INVESTORS:	 		 	

					
	
	SIGMA PARTNERS 6, L.P.
	
	By: Sigma Management 6, L.L.C.
	Its: General Partner
		
	By:	 	 /s/ Gregory C. Gretsch

		 	Its: Managing Director
	
	SIGMA ASSOCIATES 6, L.P.
	
	By: Sigma Management 6, L.L.C.
	Its: General Partner
		
	By:	 	 /s/ Gregory C. Gretsch

		 	Its: Managing Director
	
	SIGMA INVESTORS 6, L.P.
	
	By: Sigma Management 6, L.L.C.
	Its: General Partner
		
	By:	 	 Gregory C. Gretsch

		 	Its: Managing Director

 SIGNATURE PAGE TO THE AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT OF 

ELANCE-ODESK, INC. 

 IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated
Investors’ Rights Agreement as of the date first written above. 
  

			
	INVESTORS:	 	

			
	
	GLOBESPAN CAPITAL PARTNERS IV, L.P.
	JAFCO GLOBESPAN USIT IV, L.P.
	GCP IV AFFILIATES FUND, L.P.
	
	 By: Globespan Management Associates IV, L.P.,

its sole General Partner

		
	By:	 	 /s/ David Poltack

		 	Name: David Poltack
		 	Title: Authorized Signatory

			
	
	GLOBESPAN CAPITAL PARTNERS (CAYMAN) IV, L.P.
	
	 By: Globespan Management Associates (Cayman) IV, L.P.,

its sole General Partner

	
	 By: Globespan Management Associates IV, LLC,

its sole General Partner

			
		
	By:	 	 /s/ David Poltack

		 	Name: David Poltack
		 	Title: Authorized Signatory

			
	
	GLOBESPAN CAPITAL PARTNERS IV GmbH & Co. KG
	
	 By: Globespan Management Associates IV, GmbH

its General Partner

			
		
	By:	 	 /s/ David Poltack

		 	Name: David Poltack
		 	Title: Authorized Signatory

         SIGNATURE PAGE TO THE AMENDED AND RESTATED INVESTORS’
RIGHTS AGREEMENT OF         
 ELANCE-ODESK, INC. 

 IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated
Investors’ Rights Agreement as of the date first written above. 
  

			
	INVESTORS:
	
	SG GROWTH PARTNERS I, L.P.
		
	By:	 	 /s/ Daniel C. Marriott

	Name: Daniel C. Marriott
	Title: Managing Partner

 SIGNATURE PAGE TO THE AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT OF 

ELANCE-ODESK, INC. 

 IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated
Investors’ Rights Agreement as of the date first written above. 
  

			
	INVESTORS:
	
	NEW ENTERPRISE ASSOCIATES 10, L.P.
	By: NEA Partners 10, L.P.
	Its: General Partner
		
	By:	 	 /s/ Louis S. Citron

	Name: Louis S. Citron
	Title: Chief Legal Officer

 SIGNATURE PAGE TO THE AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT OF 

ELANCE-ODESK, INC. 

 IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated
Investors’ Rights Agreement as of the date first written above. 
  

			
	INVESTORS:
	
	INDUSTRY VENTURES FUND V, L.P.
		
	By:	 	 /s/ Johan Swildens

	Name: Johan Swildens
	Title: Managing Member

 INDUSTRY VENTURES SECONDARY FUND VII, L.P. 
  

			
	By:	 	 /s/ Johan Swildens

	Name: Johan Swildens
	Title: Managing Member

 SIGNATURE PAGE TO THE AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT OF 

ELANCE-ODESK, INC. 

 IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated
Investors’ Rights Agreement as of the date first written above. 
  

			
	INVESTORS:
	
	Thomas Layton and Gabrielle M. Layton,
	Or their successors, as trustees of the
	Layton Community Property Trust dated 11/29/99, as amended

			
		
	By:	 	 /s/ Thomas Layton

		 	Thomas Layton, Trustee

 SIGNATURE PAGE TO THE AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT OF 

ELANCE-ODESK, INC. 

 IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated
Investors’ Rights Agreement as of the date first written above. 
 COMMON HOLDERS: 

 

	
	 /s/ Fabio Rosati

	Fabio Rosati
	
	 /s/ Servaes Tholen

	Servaes Tholen
	
	 /s/ Odysseas Tsatalos

	Odysseas Tsatalos

 SIGNATURE PAGE TO THE AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT OF 

ELANCE-ODESK, INC. 

 SCHEDULE A-1 

List of Investors 
  

	
	NAME AND ADDRESS OF INVESTORS 
	
	 T. ROWE PRICE NEW HORIZON FUND, INC. 

100 East Pratt Street
 Baltimore, MD 21202

	
	 T. ROWE PRICE NEW HORIZON TRUST 

100 East Pratt Street
 Baltimore, MD 21202

	
	 T. ROWE PRICE U.S. EQUITIES TRUST – SMALL-CAP GROWTH FUND
 100 East Pratt Street

Baltimore, MD 21202

	
	 T. ROWE PRICE SMALL-CAP
VALUE FUND, INC. 
 100 East Pratt Street

Baltimore, MD 21202

	
	 T. ROWE PRICE SMALL-CAP
VALUE EQUITY TRUST 
 100 East Pratt Street

Baltimore, MD 21202

	
	 T. ROWE PRICE U.S. EQUITIES TRUST (A/C 7JX4) 

100 East Pratt Street
 Baltimore, MD 21202

	
	 T. ROWE PRICE U.S. EQUITIES TRUST (7KX4) 

100 East Pratt Street
 Baltimore, MD 21202

	
	 SIGMA PARTNERS 6, L.P. 

1600 El Camino Real, Ste. 280
 Menlo Park, CA 94025

	
	 SIGMA ASSOCIATES 6, L.P. 

1600 El Camino Real, Ste. 280
 Menlo Park, CA 94025

	
	 SIGMA INVESTORS 6, L.P. 

1600 El Camino Real, Ste. 280
 Menlo Park, CA 94025

	
	 GLOBESPAN CAPITAL PARTNERS IV, L.P. 

One Boston Place, Suite 2810
 Boston, MA 02108

	
	 GLOBESPAN CAPITAL PARTNERS (CAYMAN) IV, L.P. 

One Boston Place, Suite 2810
 Boston, MA 02108

	
	GLOBESPAN CAPITAL PARTNERS IV GMBH & CO. KG 
	 One Boston Place, Suite 2810
 Boston, MA
02108

	
	 JAFCO GLOBESPAN USIT IV, L.P. 

One Boston Place, Suite 2810
 Boston, MA 02108

	
	 GCP IV AFFILIATES, L.P. 

One Boston Place, Suite 2810
 Boston, MA 02108

	
	CONWAY FAMILY TRUST, DATED 9/25/96, RONALD AND GAYLE CONWAY, TRUSTEES 
	
	 BENCHMARK CAPITAL PARTNERS V, L.P. 

2965 Woodside Road
 Woodside, CA 94062

	
	 DAG VENTURES III-QP, L.P. 

251 Lytton Avenue, Suite 200
 Palo Alto, CA 94301

	
	 DAG VENTURES III, L.P. 

251 Lytton Avenue, Suite 200
 Palo Alto, CA 94301

	
	 DAG VENTURES GP FUND III, LLC 

251 Lytton Avenue, Suite 200
 Palo Alto, CA 94301

	
	DAVID CHANG 
	
	BABU CHILUKURI 
	
	JACK KAY 
	
	JOEL MATTOX AND KAREN PERIZZOLO, JOINT TENANTS WITH RIGHT OF
SURVIVORSHIP 
	
	NAGARAJ PRABHU 
	
	RAGHAVEN FAMILY TRUST 
	
	ROBERT RIOPEL AND CHERYL RIOPEL, TRUSTEES UNDER THE 1999 REVOCABLE TRUST
AGREEMENT DATED MARCH 17, 1999 FBO ROBERT TRIOPEL AND CHERYL RIOPEL 
	
	NIKOS TROULLINOS AND SUSANNE BOHL, TTEES U/A DTD DEECMBER 29, 2000 BY TROULLINOS-BOHL
LIVING TRUST 
	
	MICHAEL SABETHAI 
	
	PAUL AND LYNN MCELANEY 
	
	JOHN AND NANCY MCELANEY 
	
	DIMITRA KITSIOU 
	
	RICHARD MCELANEY 
	
	ASHISH GUPTA 
	
	 SABEER BHATIA TRUST

U/D/T AUGUST 6, 1998 

	
	VENKATESH HARINARAYAN 
	
	BOON-HWEE KOH 
	
	RAM SHRIRAM 
	
	SANJIV AHUJA 

	
	
	THE CHEN FAMILY TRUST 
	
	GORDON ERIK DYAL 
	
	SHUBH SAUMYA 
	
	PAWAN TEWARI 
	
	 ASIAN TECHNO INVESTMENTS PTE LTD 

10 Anson Road
 #29-12
International Plaza
 Singapore 079903

	
	 ANAND RAJARAMAN, TRUSTEE OF THE ANAND

RAJARAMAN REVOCABLE TRUST OF 1998 DTD 12/11/98 

	
	SANJU BANSAL 
	
	BEALL FAMILY TRUST 
	
	RAKESH MATHUR 
	
	VIJAY VASHEE 
	
	VASUDEV NARAYANAN 
	
	 BDR INVESTMENTS, LLC 

16531 Carousel Lane
 Huntington Beach, CA 92649

	
	 ELITE GLOBAL OPERATIONS LTD 

c/o Impex Pte Ltd
 08-21
Peninsula Plaza
 North Bridge Road, Singapore
 Attn:
Sonali

	
	SIAK CHAN CHEN 
	
	SAMUEL CHOI 
	
	 KPCB HOLDINGS, INC., AS NOMINEE 

2750 Sand Hill Road
 Menlo Park, CA 94025

Attn: John Doerr

	
	 LINEA ASSOCIATES LLC 

68 Coleytown Road
 Westport, CT 06880

	
	 F & W INVESTMENTS 2000 

Silicon Valley Center
 801 California Street

Mountain View, CA 94041
 Attn: Laird H. Simons
III

	
	 ANGEL (Q) INVESTORS II, L.P. 

c/o Wilson Sonsini Goodrich & Rosati
 650 Page Mill
Road
 Palo Alto, CA 94306
 Attn: Casey McGlynn

	
	THE 1994 ROACH FAMILY TRUST DTD: 6/14/94 
	
	 FOCUS VENTURES II, L.P. 

(fka Charter Growth Capital II, L.P.)
 525 University Ave, Suite
1400
 Palo Alto, CA 94301

	
	CITICORP STRATEGIC TECHNOLOGY CORP. 
	 Citigroup Investments Inc.
 388 Greenwich
Street
 New York, NY 10013
 Attn: George Arnold

	
	 F & W INVESTMENTS LLC 

Silicon Valley Center
 801 California Street

Mountain View, CA 94041
 Attn: Laird H. Simons III

	
	 ACCESS VENTURES FUND LLC 

One Corporate Exchange
 25825 Science Park Drive, Suite 400

Cleveland, OH 44122
 Attn: William Trainor

	
	 FV INVESTORS II QP, L.P. 

(fka CGC Investors II QP, L.P.)
 525 University Ave, Suite
1400
 Palo Alto, CA 94301

	
	 ANGEL INVESTORS II, L.P. 

c/o Wilson Sonsini Goodrich & Rosati
 650 Page Mill
Road
 Palo Alto, CA 94306
 Attn: Casey McGlynn

	
	 INTEGRAL CAPITAL PARTNERS V SIDE FUND, L.P. 

2750 Sand Hill Road
 Menlo Park, CA 94025

	
	 FV INVESTORS II A, L.P. 

(fka CGC Investors II A, L.P.)
 525 University Ave, Suite 1400

Palo Alto, CA 94301

	
	JOAN MUROSKY 
	
	IRENE B. MURPHY 
	
	 NEW ENTERPRISE ASSOCIATES 10, L.P. 

2490 Sand Hill Road
 Menlo Park, CA 94025

Attn: Charles Linehan

	
	DIANA JOVIN 
	
	TODD GREENE 
	
	 INTEGRAL CAPITAL PARTNERS SLP SIDE FUND, L.P. 

2750 Sand Hill Road
 Menlo Park, CA 94025

	
	 CROSSBRIDGE PARTNERS FUND I, L.P. 

Mr. Shinji Miyashita
 Managing Director & General
Partner
 CrossBridge Venture Partners
 Kichijyoji Bldg. 4F

1-8-10
Kichijyoji-hon-cho
 Musashino-city Tokyo
180-0004
 Japan

	
	 F & W INVESTMENTS LLC – SERIES 2003

Silicon Valley Center
 801 California Street

Mountain View, CA 94041
 Attn: Laird H. Simons III

	
	 KINDRED PARTNERS, LLC 

100 South Bedford Road, Suite 100
 Mount Kisco, NY
10549

	
	 SG GROWTH PARTNERS I, LP 

Attn: Daniel Marriot
 70 East 55th Street, 11th Floor
 New York, New York
10022

	
	 SELECT ANALYTIX LIMITED 

P.O. Box 1569
 Gerogetown, Grand Cayman

KY1-1110 Cayman Islands

	
	 AMBERBROOK V LLC 
 25 East
86th Street
 New York, New York 10028

	
	 INDUSTRY VENTURES FUND V, L.P. 

30 Hotaling Place, 3rd Floor
 San Francisco, CA
94111

	
	 INDUSTRY VENTURES SECONDARY VII, L.P.

30 Hotaling Place, 3rd Floor
 San Francisco, CA
94111

	
	 FIRSTMARK CAPITAL OF I, LP 

100 Fifth Avenue
 3rd Floor

New York, NY 10011

	
	 THE FIRSTMARK II LIQUIDATING TRUST 

100 Fifth Avenue
 3rd Floor

New York, NY 10011

 SCHEDULE A-2 

List of Lenders 
  

	
	NAME AND ADDRESS OF LENDERS
	
	 LIGHTHOUSE CAPITAL PARTNERS

3555 Alameda de las Plugas, 2nd Floor

Menlo Park, CA 94015

	
	 SILVER LAKE WATERMAN FUND, L.P.

2775 Sand Hill Road, Suite 100
 Menlo Park, CA 94025

 SCHEDULE B 

List of Common Holders 
  

	
	NAME AND ADDRESS OF COMMON HOLDERS
	
	ODYSSEAS TSATLOS
	
	STRATIS KARAMANLAKIS
	
	FABIO ROSATI
	
	SERVAES THOLEN

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