Exhibit 10.5

FIRST AMENDMENT

SEAGATE DEFERRED COMPENSATION SUB-PLAN

The Seagate Deferred Compensation Sub-Plan, as amended and restated as of
January 1, 2010 (the “Plan”), is hereby amended by this First Amendment (the
“Amendment”).

WHEREAS, for purposes of this Amendment, capitalized terms used herein that are
not defined shall have the meanings given to them in the Plan;

WHEREAS, Seagate US LLC (the “Company”) maintains the Plan, which is a
nonqualified deferred compensation plan, for the benefit of eligible employees
of the Company and Participating Companies;

WHEREAS, Section 10.4 of the Plan document provides that the Seagate Benefits
Administration Committee (the “Committee”) has the authority to adopt and
execute any amendments to the Plan; and

WHEREAS, pursuant to authority granted to the Committee under Section 10.4, the
Committee has determined that it is appropriate to amend the Plan document to
(1) change the distribution payment date in the event a Participant dies prior
to receiving or while receiving benefits under the Plan; (2) provide procedures
related to domestic relations orders; and (3) make other minor clarifying
changes.

NOW, THEREFORE, BE IT RESOLVED, that the Amendment, as set forth in the attached
Exhibit A, is hereby approved and adopted effective as specified in Exhibit A.

 

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Exhibit A

FIRST AMENDMENT

SEAGATE DEFERRED COMPENSATION SUB-PLAN

The Seagate Deferred Compensation Sub-Plan, as amended and restated as of
January 1, 2010 (the “Plan”), is hereby amended as follows:

 

  1.

Effective January 1, 2019, Section 1.2 of the Plan is amended in its entirety to
read as follows:

“1.2 Beneficiary. “Beneficiary” or “Beneficiaries” means the beneficiary or
beneficiaries last designated in writing by a Participant in accordance with
procedures established by the Committee from time to time to receive the
benefits specified hereunder in the event of the Participant’s death. No
Beneficiary designation shall become effective unless and until it is filed with
the Committee during the Participant’s lifetime. In the event a Participant is
married and wishes to designate a non-spouse Beneficiary, spousal consent shall
be required; provided, however, that if spousal consent is not obtained, the
beneficiary designation shall be invalid.”

 

  2.

Effective January 1, 2019, Section 1.3 of the Plan is amended in its entirety to
read as follows:

“1.3 Board of Directors. “Board of Directors” or “Board” means the Board of
Directors of the Company.”

 

  3.

Effective January 1, 2019, Section 1.5 of the Plan is amended to read as
follows:

“1.5 Committee. “Committee” means the Seagate Benefits Administrative
Committee.”

 

  4.

Effective January 1, 2019, Section 7.2(d) of the Plan is amended in its entirety
to read as follows:

“(d) Death Prior to or While Receiving Benefits. Notwithstanding any other
provision of the Plan, if the Participant dies prior to receiving or while
receiving any or all of his or her Account, such Participant’s Distributable
Amount shall be paid to his or her Beneficiary or Beneficiaries in a cash lump
sum payment including all vested and unvested Company Contributions no later
than December 31 of the year following the calendar year during which the
Participant’s death occurs.”

 

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  5.

Effective January 1, 2019, the Plan is hereby amended to add a new Section 7.6:

“7.6 Domestic Relations Order. The Committee is authorized, in its sole
discretion, to satisfy any payments to an individual other than the Participant
with amounts from the Participant’s Account to the extent necessary to comply
with a domestic relations order, as defined in Code section 414(p)(l)(B).
Payments to satisfy a domestic relations order will commence as soon as
administratively possible during the first month following the end of the
calendar quarter in which the Committee approves the distribution pursuant to
the domestic relations order.”

In WITNESS WHEREOF, the Seagate Benefits Administrative Committee, by its duly
authorized delegate, has executed this Amendment to the Plan on December 21,
2018.

 

By:   /s/ Janet Farabaugh   Janet Farabaugh

Title: Senior Director, Global Benefits

 

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