Employment Agreement and Transition Agreement, by and between Snap Inc. and Jared Grusd, dated February 3, 2021

You and Snap plan to enter into a new fixed term employment agreement, beginning on February 1, 2021 and ending on June 30, 2022.  Snap may extend the term of the fixed term agreement, if we mutually agree.  Your last day as our Chief Strategy Officer will be January 31, 2021.

The vesting of your equity award and the other terms of your new employment agreement will be agreed upon separately.  After the equity acceleration in Section 3, you will continue to vest 21.44% of all remaining unvested Snap equity, subject to continued employment, in monthly equal installments from April 2021 through June 2022, with the remaining equity award forfeited.

Following your execution of our standard release agreement and expiration of any required rescission period, Snap will:

accelerate the vesting of any unvested equity awards already granted to you, that vest pursuant to a monthly schedule, that are scheduled to vest through March 15, 2021; and

pay you the salary that you would have earned had you remained our Chief Strategy Officer through March 31, 2021, including your executive bonus under the 2020 Bonus Program.

You confirm that this transition to a new role is not related to any disagreement with Snap on any matter relating to Snap’s accounting, strategy, management, operations, policies, regulatory matters, or practices (financial or otherwise).