AMENDMENT NO. 1 TO THE
BYLAWS
OF
DOORDASH, INC.,
a Delaware corporation
THIS AMENDMENT NO. 1 TO THE BYLAWS of DoorDash, Inc., a Delaware corporation (the “Bylaws”), is made as of this 17th day of February, 2016.
1. The Bylaws are hereby amended by the addition thereto of a new Article IX, which reads in its entirety as follows:
“ARTICLE IX
RESTRICTIONS ON TRANSFER
9.1 Restrictions on Transfer. No stockholder of the corporation may sell, assign, transfer, pledge, encumber or in any manner dispose of any share of Common Stock of the corporation, whether voluntarily or by operation of law, or by gift or otherwise, other than by means of a Permitted Transfer (as defined below). If any provision(s) of any agreement(s) currently in effect by and between the corporation and any stockholder conflicts with this Article IX, this Article IX shall govern, and the remaining provision(s) of such agreement(s) that do not conflict with this Article IX shall continue in full force and effect.
9.2 Permitted Transfers. For purposes of this Article IX, a “Permitted Transfer” shall mean any of the following:
(a) any transfer by a stockholder of any or all of such stockholder’s shares to the corporation;
(b) any transfer by a stockholder of any or all of such stockholder’s shares to such stockholder’s immediate family or a trust for the benefit of such stockholder or such stockholder’s immediate family;
(c) any transfer by a stockholder of any or all of such stockholder’s shares effected pursuant to such stockholder’s will or the laws of intestate succession;
(d) if a stockholder is a partnership, limited liability company, or corporation, any transfer by such stockholder of any or all of such stockholder’s shares to the partners, members, former partners, former members, stockholders, and/or affiliates of such stockholder;
(e) any transfer of Common Stock issued upon conversion of Preferred Stock of the corporation;
(f) any transfer of shares of Common Stock that is subject to and made in accordance with that certain Second Amended and Restated First Refusal and Co-Sale Agreement dated February 17, 2016, by and among the corporation, the Investors (as defined therein), and the Common Holders (as defined therein), as may be amended and/or restated from time to time (the “First Refusal and Co-Sale Agreement”). In the event of a conflict between this Article IX and the First Refusal and Co-Sale Agreement, the provisions of the First Refusal and Co-Sale Agreement shall control; and/or
(g) any transfer of shares approved by the prior written consent of the Board of Directors.
Except with respect to the shares of Common Stock transferred under clauses (a), (e) and (f) above, such transferred shares shall remain subject to the transfer restrictions of this Article IX.
9.3 Void Transfers. Any transfer of shares shall be null and void unless the terms, conditions and provisions of this Article IX are strictly observed and followed.
9.4 Termination of Restriction of Transfer. The foregoing restriction on transfer shall lapse immediately prior to the corporation’s first firm commitment underwritten public offering of its securities pursuant to a registration statement under the Securities Act of 1933, as amended.
9.5 Legends. The certificates representing shares of stock of the corporation shall bear on their face the following legend so long as the foregoing right of first refusal remains in effect:
“THE SHARES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR IN ANY MANNER DISPOSED OF, EXCEPT IN COMPLIANCE WITH THE BYLAWS OF THE CORPORATION. COPIES OF THE BYLAWS OF THE CORPORATION MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE CORPORATION.”
2. Except as specifically amended herein, the Bylaws of the Corporation shall remain unchanged and in full force and effect.
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