AppFolio Inc. Watch

from S-8 13 pages Indenture or similar

from S-8 29 pages Indenture or similar

from 10-K 4 pages Description of Capital Stock

from S-1/A 48 pages Appfolio, Inc. Amended and Restated Investors’ Rights Agreement

from S-1/A 2 pages D E L a W Are Seal Appfolio, Inc. Corporate February 14, 2007 This Certifies That Is the Record Holder of Fully Paid and Nonassessable Shares of Class a Common Stock, Par Value $0.0001, of Appfolio, Inc. Transferable on the Books of the Corporation in Person or by Duly Authorized Attorney Upon Surrender of This Certificate Properly Endorsed. This Certificate Is Not Valid Until Countersigned by the Transfer Agent and Registered by the Registrar. Witness the Facsimile Seal of the Corporation and the Facsimile Signatures of Its Duly Authorized Officers. Dated: Incorporated Under the Laws of the State of Delaware President Secretary Cusip 03783c 10 0 See Reverse for Certain Definitions Countersigned and Registered: American Stock Transfer & Trust Company, LLC (New York, Ny) Transfer Agent and Registrar By: Authorized Signature Af

from DRS 48 pages Appfolio, Inc. Amended and Restated Investors’ Rights Agreement