X0206 3 2019-04-17 0 0001585521 Zoom Video Communications, Inc. ZM 0001526541 Emergence Capital Partners III, L.P. 160 BOVET ROAD, SUITE 300 SAN MATEO CA 94402 0 0 1 0 0001773803 Emergence Equity Partners III, L.P. 160 BOVET ROAD, SUITE 300 SAN MATEO CA 94402 0 0 1 0 0001691097 EZP Opportunity, L.P. 160 BOVET ROAD, SUITE 300 SAN MATEO CA 94402 0 0 1 0 0001589115 EMERGENCE GP PARTNERS, LLC 160 BOVET ROAD, SUITE 300 SAN MATEO CA 94402 0 0 1 0 0001773418 Red Porphyry, LLC 635 KNIGHT WAY STANFORD CA 94305 0 0 1 0 Series A Convertible Preferred Stock 0.00 Class B Common Stock 4000000 I By Emergence Capital Partners III, L.P. Series A Convertible Preferred Stock 0.00 Class B Common Stock 324744 I By EZP Opportunity, L.P. Series A Convertible Preferred Stock 0.00 Class B Common Stock 98896 I By Red Porphyry, LLC Series C Convertible Preferred Stock 0.00 Class B Common Stock 22908848 I By Emergence Capital Partners III, L.P. Series D Convertible Preferred Stock 0.00 Class B Common Stock 2850724 I By EZP Opportunity, L.P. Class B Common Stock 0.00 Class A Common Stock 102368 I By EZP Opportunity, L.P. Class B Common Stock 0.00 Class A Common Stock 115271 I By Red Porphyry, LLC Each share of Series A Preferred Stock, Series C Preferred Stock and Series D Preferred Stock will be automatically converted into one (1) share of Class B Common Stock immediately prior to the closing of the Issuer's initial public offering of Class A Common Stock (the "IPO"), and has no expiration date. Each share of Class B Common Stock is convertible at the option of the Reporting Person into one share of Class A Common Stock. Following the closing of the IPO, each share of Class B Common Stock held by the Reporting Person will convert automatically into one share of Class A Common Stock upon (a) the death of the Reporting Person (if applicable), or (b) any transfer by the Reporting Person except certain "Permitted Transfers" described in the Issuer's certificate of incorporation. Following the closing of the IPO, all outstanding shares of Class B Common Stock will convert into shares of Class A Common Stock upon the earliest of (i) six months following the death or incapacity of Eric S. Yuan, (ii) six months following the date that Mr. Yuan ceases providing services to the Issuer, (iii) the date specified by the holders of a majority of the shares of Class B Common Stock, and (iv) the 15-year anniversary of the closing of the IPO. Shares held directly by Emergence Capital Partners III, L.P. ("Emergence"). The sole general partner of Emergence is Emergence Equity Partners III, L.P. ("EEP III"), and the sole general partner of EEP III is Emergence GP Partners, LLC ("EGP"). Each of the reporting persons on this filing (other than Emergence) disclaims Section 16 beneficial ownership of the shares held by Emergence, except to the extent, if any, of its pecuniary interest therein, and this report shall not be deemed an admission that it is the beneficial owner of such shares for Section 16 or any other purpose. Shares held directly by EZP Opportunity, L.P. ("EZP"). The sole general partner of EZP is EEP III. Each of the reporting persons on this filing (other than EZP) disclaims Section 16 beneficial ownership of the shares held by Emergence, except to the extent, if any, of its pecuniary interest therein, and this report shall not be deemed an admission that it is the beneficial owner of such shares for Section 16 or any other purpose. Shares held directly by Red Porphyry, LLC ("Red Porphyry"). Red Porphyry is filing this report solely by virtue of having appointed Emergence as its proxy with respect to the shares held directly by Red Porphyry. Such proxy is irrevocable until the earliest to occur of the six-month anniversary of the IPO, the sale of all or substantially all assets of the Issuer, or certain mergers involving the Issuer. Each of the reporting persons on this filing (other than Red Porphyry) disclaims Section 16 beneficial ownership of the shares held by Red Porphyry, except to the extent, if any, of its pecuniary interest therein, and this report shall not be deemed an admission that it is the beneficial owner of such shares for Section 16 or any other purpose. Emergence Capital Partners III, L.P., By: Emergence Equity Partners III, L.P., its sole general partner, By: Emergence GP Partners, LLC, its sole general partner, /s/ Gordon Ritter, Manager 2019-04-17 Emergence Equity Partners III, L.P., By: Emergence GP Partners, LLC, its sole general partner, /s/ Gordon Ritter, Manager 2019-04-17 EZP Opportunity, L.P., By: Emergence Equity Partners III, L.P., its sole general partner, By: Emergence GP Partners, LLC, its sole general partner, /s/ Gordon Ritter, Manager 2019-04-17 Emergence GP Partners, LLC, its sole general partner, /s/ Gordon Ritter, Manager 2019-04-17 Red Porphyry, LLC, By: Charles C Moore, Authorized Signatory, /s/ Charles C. Moore 2019-04-17