Related form of Deferral Election under Nonemployee Director Deferred Compensation Plan

On this December ___, 2021, the undersigned, ____________________________, does hereby irrevocably elect to defer the receipt of the Compensation set forth in Exhibit A (the “Deferred Compensation”) from AppFolio, Inc., a Delaware corporation (the “Company”), until the “Deferred Payment Date” set forth in Exhibit A, pursuant to the Nonemployee Director Deferred Compensation Plan of the Company (the “Deferred Plan”), which, but for this election, would be received by the undersigned during the year ending December 31, 2022. Capitalized terms used but not defined herein have the meanings ascribed to such terms in the Deferral Plan.

By executing this election form, the undersigned acknowledges and agrees that the receipt of the Deferred Compensation, along with any and all amounts payable in respect of the Deferred Compensation pursuant to the Deferred Plan, shall be deferred pursuant to the Deferred Plan until the Deferred Payment Date set forth above or, if sooner, the date of payment as determined under the Deferred Plan (the “Deferral Period”). The undersigned acknowledges that the delivery of the Deferred Compensation and any rights to transfer or otherwise assign or alienate the Deferred Compensation shall be deferred at least until the end of the Deferral Period, except as explicitly set forth in the Deferred Plan.

The undersigned does hereby acknowledge that the deferral election made on this Deferral Election Form is irrevocable, and such deferral election will be governed by the terms and conditions of the Deferred Plan.