Transition Agreement, by and between Snap Inc. and Tim Stone, dated February 5, 2019

Your last day at Snap will be today.

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

waive your obligation to reimburse Snap for your relocation expenses, which you would otherwise be responsible for reimbursing; and

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 February 15, 2019.

You confirm that this transition 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).