Document:

EX-10.1

 Exhibit 10.1 
  

 
 INVESTOR RIGHTS AGREEMENT 

BY AND BETWEEN 
 ADT
INC. 
 AND 

GOOGLE LLC 
 DATED AS OF

 September 17, 2020 
  

 

							
	TABLE OF CONTENTS	  

			
	 Section 1
	 	 Definitions
	  	 	1	 
			
	 Section 2
	 	 Transfer Restrictions
	  	 	5	 
			
	 2.1.
	 	 Transfer Restrictions
	  	 	5	 
			
	 Section 3
	 	 Securities Restrictions; Legends
	  	 	8	 
			
	 3.1.
	 	 Securities Restrictions; Legends
	  	 	8	 
			
	 Section 4
	 	 Registration Rights
	  	 	10	 
			
	 4.1.
	 	 Shelf Registration Statement
	  	 	10	 
			
	 4.2.
	 	 Demand Registration Rights
	  	 	10	 
			
	 4.3.
	 	 Piggy-Back Registration Rights
	  	 	12	 
			
	 4.4.
	 	 Registration Procedures
	  	 	13	 
			
	 4.5.
	 	 Company Suspension Rights
	  	 	16	 
			
	 4.6.
	 	 Expenses
	  	 	16	 
			
	 4.7.
	 	 Indemnification
	  	 	16	 
			
	 4.8.
	 	 Assignment
	  	 	18	 
			
	 Section 5
	 	 Drag-Along Rights
	  	 	19	 
			
	 5.1.
	 	 General
	  	 	19	 
			
	 5.2.
	 	 Notice
	  	 	19	 
			
	 5.3.
	 	 Terms of a Drag-Along Transaction
	  	 	19	 
			
	 5.4.
	 	 Cooperation
	  	 	20	 
			
	 5.5.
	 	 Costs
	  	 	20	 
			
	 5.6.
	 	 Drag-Along Transaction Not Consummated
	  	 	20	 
			
	 Section 6
	 	 Reorganization Transactions
	  	 	21	 
			
	 Section 7
	 	 Miscellaneous Provisions
	  	 	21	 
			
	 7.1.
	 	 Governing Law; Jurisdiction; Waiver of Jury Trial
	  	 	21	 
			
	 7.2.
	 	 Amendment
	  	 	22	 
			
	 7.3.
	 	 Termination
	  	 	22	 
			
	 7.4.
	 	 Transfer of Lock-Up Shares
	  	 	23	 
			
	 7.5.
	 	 Notices
	  	 	23	 
			
	 7.6.
	 	 Specific Performance
	  	 	24	 
			
	 7.7.
	 	 Treatment of Certain Transfers
	  	 	24	 
			
	 7.8.
	 	 Counterparts
	  	 	24	 

  
 i 

							
			
	 7.9.
	 	 Severability
	  	 	24	 
			
	 7.10.
	 	 Further Efforts
	  	 	25	 
			
	 7.11.
	 	 Extension of Time, Waiver, Etc.
	  	 	25	 
			
	 7.12.
	 	 Entire Agreement; No Third-Party Beneficiaries
	  	 	25	 
			
	 7.13.
	 	 No Personal Liability
	  	 	25	 
			
	 7.14.
	 	 Non-Recourse
	  	 	25	 
			
	 7.15.
	 	 No Partnership Status
	  	 	26	 
			
	 7.16.
	 	 Binding Effect
	  	 	26	 
			
	 7.17.
	 	 Further Acknowledgements
	  	 	26	 
			
	 7.18.
	 	 Interpretation
	  	 	27	 

  
 ii 

 This INVESTOR RIGHTS AGREEMENT is made as of September 17, 2020 (this
“Agreement”) by and between ADT Inc., a Delaware corporation (the “Company”), and Google LLC, a Delaware limited liability company (the “Investor” and, together with the Company, the
“Parties”). Capitalized terms used herein but not defined herein are as defined in the Purchase Agreement (as defined below). 

WHEREAS, in connection with the transactions contemplated by that certain Securities Purchase Agreement by and between the Company and
the Investor, dated as of July 31, 2020 (the “Purchase Agreement”), the Investor received the number of shares of Class B common stock, par value $0.01 per share, in the Company (“Class B Common
Stock”) that constitute the Issued Shares (the Issued Shares and the shares of Common Stock issuable upon the conversion of the Issued Shares, the “Lock-Up Shares”); and 

WHEREAS, as a condition to the willingness of the Company and the Investor to consummate the transactions contemplated by the Purchase
Agreement and for other good and valuable consideration received, the Parties are entering into this Agreement, which sets forth certain terms and conditions regarding, among other things, transfer restrictions and registration rights to which the Lock-Up Shares will be subject. 
 NOW, THEREFORE, the parties hereto hereby agree as follows: 

Section 1 Definitions. 
 As used in
this Agreement: 
 “Acceptance Notice” shall have the meaning ascribed to such term in
Section 2.1(d). 
 “Activist Shareholder” means, as of any date of determination, a Person (other
than the Investor and its Affiliates) that, to the Investor’s actual knowledge (after reasonable inquiry, which shall be satisfied by review of Factset, Activist Insight or a similar online resource), has, directly or indirectly through its
Affiliates, whether individually or as a member of a “group” (as defined in Section 13(d)(3) of the Exchange Act), within the three (3)-year period immediately preceding such date of determination (i) called or publicly sought to
call a meeting of the stockholders or other equityholders of any Person not publicly approved (at the time of the first such action) by the board of directors or similar governing body of such Person, (ii) publicly initiated any proposal for
action by stockholders or other equityholders of any Person initially publicly opposed by the board of directors or similar governing body of such Person, (iii) publicly sought election to, or to place a director or representative on, the board
of directors or similar governing body of a Person, or publicly sought the removal of a director or other representative from such board of directors or similar governing body, in each case, which election or removal was not recommended or approved
publicly (at the time such election or removal is first sought) by the board of directors or governing body of such Person, or (iv) publicly disclosed any intention, plan or arrangement to do any of the foregoing. 

“Acceptance Notice” shall have the meaning ascribed to such term in Section 2.1(d). 

“ADT LLC” shall have the meaning ascribed to such term in Section 2.1(a). 

 “Affiliate” means, with respect to any Person, any other Person that,
directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such Person. The term “control” means the possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise, including the ability to elect at least a majority of the members of the board of directors or other governing body
of a Person, and the terms “controlled” and “controlling” have correlative meanings. Notwithstanding anything herein to the contrary, for purposes of this Agreement, other than in the case of the definitions of “Control
Transfer,” “Transferring Party” and “Related Parties,” Section 5.1, Section 5.3(c), Section 7.14, and Section 7.17, no
portfolio company (other than the Company and its Subsidiaries) or investment fund or account affiliated with or managed by affiliates of Apollo Global Management, Inc. shall be deemed Affiliates of any of the Company or its Subsidiaries, nor shall
any of the Company or its Subsidiaries be deemed Affiliates of any portfolio company (other than any of the Company or its Subsidiaries) or investment fund or account affiliated with or managed by affiliates of Apollo Global Management, Inc. 

“Agreement” has the meaning ascribed to such term in the preamble. 

“Board” means the Board of Directors of the Company and any duly authorized committee thereof. 

“Class B Common Stock” has the meaning ascribed to such term in the preamble. 

“Common Stock” means the common stock, par value $0.01 per share, of the Company. 

“Company” has the meaning ascribed to such term in the preamble. 

“Control Transfer” means a Transfer (other than a Permitted Transfer) which would have the effect of transferring to a Person
or Group that is not an Affiliate of TopCo Parent (a) a number of shares of Common Stock such that, following the consummation of such Transfer, such Person or Group possesses fifty percent (50%) or more of the outstanding voting stock or
equity securities of the Company or the voting power to elect a majority of the Board (whether by merger, consolidation or sale or transfer or otherwise) or (b) all or substantially all of the assets of the Company and its Subsidiaries (on a
consolidated basis). 
 “Defenders Agreement” means that certain Investor Rights Agreement, dated January 6, 2020, by
and among the Company and the holders thereto, as may be amended, supplemented, restated or otherwise modified from time to time. 

“Drag-Along Holder” has the meaning ascribed to such term in Section 5.1. 

“Drag-Along Notice” has the meaning ascribed to such term in Section 5.2. 

“Drag-Along Transaction” has the meaning ascribed to such term in Section 5.1. 

“Exempt Prospectus Supplement” means any prospectus supplement to a Registration Statement pursuant to which the Company
shall offer solely equity securities as consideration for an acquisition. For the avoidance of doubt, a prospectus supplement that provides for the offer of securities by any Person other than the Company shall not be an Exempt Prospectus
Supplement. 

  
 2 

 “Group” has the meaning ascribed thereto in Section 13(d)(3) of the
Exchange Act. 
 “Inspectors” has the meaning ascribed to such term in Section 4.4(o). 

“Investor” has the meaning ascribed to such term in the preamble. 

“Investor Side Agreement” has the meaning ascribed to such term in Section 2.1(a). 

“Lock-Up Period” has the meaning ascribed to such term in
Section 2.1. 
 “Lock-Up Shares” has the meaning ascribed
to such term in the preamble. 
 “Marketable Securities” means any security that (i) is of a class that is publicly
traded on a U.S. national securities exchange and (ii) as of the relevant date of determination, is not subject to any material legal or other restrictions (including volume and timing) on the sale or disposition thereof. 

“New Holdco” has the meaning ascribed to such term in Section 6. 

“Non-Control Transfer” has the meaning ascribed to such term in
Section 2.1(a). 
 “offer” means an irrevocable written offer. 

“Offering Party” has the meaning ascribed to such term in Section 2.1(d). 

“Permitted Transfer” has the meaning ascribed to such term in Section 2.1(b). 

“Prohibited Transferee” means (i) Vivint Smart Home, Inc., Monitronics International, Inc. (doing business as Brinks
Home Security), Comcast Corporation and AT&T Inc. (as well as their respective Affiliates and any direct or indirect successors or assigns of such Persons or Affiliates) and (ii) any Activist Shareholder. 

“Proposed Sale” has the meaning ascribed to such term in Section 2.1(d). 

“Records” has the meaning ascribed to such term in Section 4.4(o). 

“Registrable Securities” shall mean (i) any shares of Common Stock owned by the Investor or issued or issuable (directly
or indirectly) upon conversion and/or exercise of any Issued Shares or other securities of the Company owned by the Investor or acquired by the Investor after the date hereof, and (ii) any shares of Common Stock issued as (or issuable upon the
conversion or exercise of any warrant, right or other security that is issued as) a dividend or other distribution with respect to, or in exchange for, or in replacement of, the shares referenced in clause (i); provided, however, that
any Registrable Securities shall cease to be Registrable Securities when (A) a Registration Statement with respect to the sale of such Registrable Securities has been declared effective under the Securities Act and such Registrable Securities
have been disposed of in accordance with the plan of distribution set forth in such Registration Statement, (B) such Registrable Securities are distributed, or eligible to be sold, pursuant to Rule 144 (without regard to volume and holding

  
 3 

 
period limitations or public information requirements) under the Securities Act and (C) such Registrable Securities shall have been otherwise transferred and new certificates for them not
bearing a legend restricting further transfer under the Securities Act shall have been delivered by the Company and subsequent disposition of such securities does not require registration or qualification of such securities under the Securities Act
or any state securities or blue sky Law then in force; provided, that for the avoidance of doubt, shares of the Class B Common Stock shall not constitute Registrable Securities. 

“Registration Rights Agreement” means that certain Registration Rights Agreement, dated as of January 23, 2018, between
TopCo Parent (as defined below) and the Company, as amended by that certain Amendment, dated June 22, 2018, among TopCo Parent, Prime Security Services TopCo Parent II, L.P. and the Company. 

“Registration Statement” means any registration statement of the Company filed with, or to be filed with, the SEC under the
rules and regulations promulgated under the Securities Act (other than a Registration Statement on Form S-4 or Form S-8, or any successor forms thereto, promulgated
under the Securities Act), including the related prospectus, amendments and supplements to such registration statement, including pre- and post-effective amendments, and all exhibits and material incorporated
by reference in such registration statement. 
 “Related Parties” has the meaning ascribed to such term in
Section 7.14. 
 “Reorganization” has the meaning ascribed to such term in
Section 6. 
 “Required Information” has the meaning ascribed to such term in
Section 4.1(c). 
 “ROFR Acceptance Period” has the meaning ascribed to such term in
Section 2.1(d). 
 “ROFR Offer” has the meaning ascribed to such term in
Section 2.1(d). 
 “ROFR Purchase Price” has the meaning ascribed to such term in
Section 2.1(d). 
 “Rule 144” means Rule 144 (or any successor provisions) under the Securities
Act. 
 “Rule 415” means Rule 415 (or any successor provisions) under the Securities Act. 

“securities” shall mean, with respect to any Person, all equity interests of such Person, all securities convertible into,
exercisable or exchangeable for equity interests of such Person, and all options, warrants, and other rights to purchase or otherwise acquire from such Person equity interests, including any equity appreciation or similar rights, contractual or
otherwise. 
 “Securities Indemnified Party” has the meaning ascribed to such term in
Section 4.7(c). 
 “Securities Indemnifying Party” has the meaning ascribed to such term in
Section 4.7(c). 
 “Shelf Registration Statement” means a Registration Statement of the Company
filed with the SEC on Form S-3 (or any successor form or other appropriate form under the Securities Act) or a prospectus supplement to an existing Form S-3 (or any
successor form or other appropriate 

  
 4 

 
form under the Securities Act), for an offering to be made on a continuous basis pursuant to Rule 415 under the Securities Act (or any similar rule that may be adopted by the SEC) covering all of
the Registrable Securities, as applicable, and which may also cover any other securities of the Company. For purposes of clarity, this term shall include a Registration Statement of the Company filed with the SEC on such other form available to
register for resale all of the Registrable Securities as a secondary offering, if the Company is then ineligible to register for resale all of the Registrable Securities on Form S-3. 

“Specified Non-Control Transfer” has the meaning ascribed to such term in
Section 2.1(a). 
 “TopCo Parent” means Prime Security Services TopCo Parent, L.P., a Delaware
limited partnership. 
 “Transfer” by any Person means, directly or indirectly, to sell, transfer, assign, pledge,
encumber, hypothecate or otherwise dispose of or transfer (by the operation of Law or otherwise), either voluntarily or involuntarily, or to enter into any contract, option or other arrangement, agreement or understanding with respect to the sale,
transfer, assignment, pledge, encumbrance, hypothecation or other disposition or transfer (by the operation of Law or otherwise), of any shares of equity securities beneficially owned by such Person or of any interest in any shares of equity
securities beneficially owned by such Person. The terms “Transfers”, “Transferred” and “Transferring” shall have correlative meanings. 

“Transferring Party” has the meaning ascribed to such term in Section 2.1(a). 

“Underwritten Offering” means a sale of Common Stock to an underwriter for reoffering to the public. 

Section 2 Transfer Restrictions. 

2.1. Transfer Restrictions. 

(a) Except as otherwise permitted in this Agreement or as otherwise set forth in that certain Investor Side Agreement, dated as of
July 31, 2020 and effective as of the Closing, by and between TopCo Parent and the Investor (the “Investor Side Agreement”), until the earlier of (x) the date that is the three (3)-year anniversary of the date hereof,
(y) the date on which the Master Supply, Distribution, and Marketing Agreement, dated as of the date hereof, by and between ADT LLC, a Delaware limited liability company and wholly owned subsidiary of the Company (“ADT LLC”),
and the Investor (the “Commercial Agreement”) has been validly terminated for any reason other than termination by ADT LLC pursuant to Sections 9.1 or 9.3 thereof, and (z) June 30, 2022, if ADT LLC breaches Section 4
of Exhibit A of the Commercial Agreement (the “Lock-Up Period”), the Investor will not (i) Transfer any Lock-Up Shares or (ii) make any short
sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a short sale of or the purpose of which is to offset the loss which results from a decline in the market price of, any Lock-Up Shares, or otherwise establish or increase, directly or indirectly, a put equivalent position, as defined in Rule 16a-1(h) under the Exchange Act, with respect to any
of the Lock-Up Shares or any other capital stock of the Company; provided that if (A) prior to the date that is the one (1)-year anniversary of the date hereof, TopCo Parent or any of its
Affiliates (other than the Company and its Subsidiaries) (each, 

  
 5 

 
a “Transferring Party”) undertakes a Transfer (or a series of Transfers) of equity securities of the Company to a non-Affiliated third
party or parties that is not a Control Transfer and results in TopCo Parent and its Affiliates holding less than fifty percent (50%) of the outstanding voting or equity securities of the Company or the voting power to elect a majority of the Board
(a “Specified Non-Control Transfer”), then, following the date that is the one (1)-year anniversary of the date hereof, the restrictions set forth in this
Section 2.1(a) shall no longer apply to the number of Lock-Up Shares that equals (1) the sum of the shares of Common Stock and Class B Common Stock held by the Investor on
such one-year anniversary divided by (2) the aggregate number of shares of Common Stock and Class B Common Stock that were outstanding as of the date of the first such Specified Non-Control Transfer or such one (1)-year anniversary, whichever is lower multiplied by (3) the number of shares that the Transferring Party Transferred in the Specified
Non-Control Transfer(s), or (B) on or after the date that is the one (1)-year anniversary of the date hereof and prior to the expiration of the Lock-Up Period, a
Transferring Party undertakes a Transfer of Common Stock to a non-Affiliated third party that is not a Control Transfer (a “Non-Control Transfer”), the
restrictions set forth in this Section 2.1(a) shall no longer apply to the number of Lock-Up Shares that equals (1) the sum of shares of Common Stock and Class B Common
Stock then held by Investor divided by (2) the aggregate number of shares of Common Stock and Class B Common Stock that were outstanding as of the date of such Non-Control Transfer
multiplied by (3) the number of shares that the Transferring Party Transferred to the non-Affiliated third party in the Non-Control Transfer. 

(b) Notwithstanding Section 2.1(a), the Investor shall be permitted to Transfer any portion or all of its Lock-Up Shares at any time under the following circumstances (each, a “Permitted Transfer”): 

(i) Transfers to any controlled Affiliates of the Investor, but only if the transferee agrees in writing prior to such Transfer
for the express benefit of the Company (in form and substance reasonably satisfactory to the Company and with a copy thereof to be furnished to the Company) to be bound by the terms of this Agreement and if the transferee and the transferor agree
for the express benefit of the Company that the transferee shall Transfer the Lock-Up Shares so Transferred back to the transferor at or before such time as the transferee ceases to be a controlled Affiliate
of the transferor; 
 (ii) Transfers to the extent necessary to cause the aggregate number of
Lock-Up Shares beneficially owned by the Investor and its Affiliates not to exceed 9.9% of the then outstanding Common Stock on an as-converted basis, including in
connection with the Company conducting self-tender offers, share repurchase programs or other types of repurchases of outstanding shares of Common Stock; provided, that, promptly following the end of each fiscal quarter of the Company,
the Company shall cause its transfer agent to provide a written statement to the Investor setting forth the number of shares of Common Stock outstanding as of the last day of such fiscal quarter; 

(iii) Transfers in connection with a Drag-Along Transaction pursuant to the terms of Section 5; 

  
 6 

 (iv) Transfers in accordance with the Investor Side Agreement; and 

(v) Transfers that have been approved in writing by the Board (and, for the avoidance of doubt, if the Investor does Transfer Lock-Up Shares to a third party with the Board’s prior written consent, the restrictions set forth in Section 2.1 shall not apply to such third party with respect to such Lock-Up Shares). 
 (c) Notwithstanding Section 2.1(a) and
Section 2.1(b), but subject to Section 2.1(d), unless the Lock-Up Period shall have terminated as a result of Section 2.1(a)(y) or
(z) (in which case the restrictions set forth in Section 2.1 shall no longer remain in effect), the Investor will not at any time during or following the Lock-Up Period,
without the prior written consent of the Company, directly or knowingly indirectly: 
 (i) Transfer any Lock-Up Shares to a Prohibited Transferee or to a Person or “group” (as defined in Section 13(d)(3) of the Exchange Act) that, after giving effect to a proposed Transfer, would beneficially own
greater than five percent (5%) of the then outstanding Common Stock on an as-converted basis; or 

(ii) Transfer, on any day, an aggregate number of Lock-Up Shares that would be in
excess of ten percent (10%) of the average daily trading volume of the Common Stock for the preceding four weeks on the NYSE; provided that, notwithstanding the foregoing, the Investor shall be permitted to undertake one (1) Transfer per
week by means of a block trade (even if the number of Lock-Up Shares Transferred in such block trade exceeds the foregoing limitation) so long as the Lock-Up Shares
Transferred in such block trade are the only Lock-Up Shares Transferred by the Investor and its Affiliates on such trading day. 

Notwithstanding the foregoing, nothing in this Section 2.1(c) shall restrict any Transfer into the public market pursuant to a bona
fide, broadly distributed underwritten public offering made pursuant to Section 4. 
 (d) At any time following
the expiration of the Lock-Up Period, in the event that the Investor or its permitted transferees receive a bona fide offer or offers from a third party (such party, an “Offering Party”) to
Transfer to the Offering Party any portion of the Lock-Up Shares held by the Investor or its permitted transferees for cash consideration and the Investor or its permitted transferees would otherwise be
prohibited by Section 2.1(c)(i) from making such Transfer (a “Proposed Sale”), the Investor or its permitted transferees shall promptly deliver to the Company in writing a notice of the
Proposed Sale (the “ROFR Offer”) setting forth in reasonable detail (a) a description of the Proposed Sale and the identification of the Offering Party, (b) the number of Lock-Up
Shares subject to the ROFR Offer and the amount of cash consideration therefor (the amount of consideration, the “ROFR Purchase Price”) and (c) any and all other material terms and conditions of the ROFR Offer. The Company
shall have the right (but not the obligation) to elect to purchase all (but not less than all) of the Lock-Up Shares subject to the ROFR Offer (at the Purchase Price and on the terms and conditions set forth
in the ROFR Offer) within ten (10) days of its receipt of the ROFR Offer (such period of time, the “ROFR Acceptance Period”). If the Company accepts the ROFR Offer as to all (but not less than all) of the Lock-Up Shares subject to the ROFR Offer, it shall evidence its acceptance by delivering to the Investor or 

  
 7 

 
its permitted transferees a written notice of intent to purchase the Lock-Up Shares subject to the ROFR Offer (such notice, an “Acceptance
Notice”). The consummation of the acquisition of the Lock-Up Shares subject to the Acceptance Notice shall be consummated within thirty (30) days following receipt by the Investor or its
permitted transferee of the Acceptance Notice, at which time the ROFR Purchase Price shall be paid in cash to the Investor or its permitted transferees, and the Investor or its permitted transferees shall deliver to the Company the certificates
representing the Lock-Up Shares so purchased, duly endorsed for Transfer or accompanied by duly executed stock powers or assignment forms, or in the event any such certificates are alleged to have been lost,
stolen or destroyed, an affidavit of lost, stolen or destroyed certificates to be delivered to the Company in a form reasonably satisfactory to the Company (including, if so requested, a bond in customary amount), and evidence of good title to the Lock-Up Shares subject to the ROFR Offer so purchased and the absence of liens, encumbrances and adverse claims with respect thereto and such other matters as are deemed necessary by the Company for the proper
Transfer of the applicable Lock-Up Shares to the Company. If the Company does not accept the ROFR Offer with respect to all of the Lock-Up Shares subject to the ROFR
Offer prior to the expiration of the ROFR Acceptance Period, the Investor or its permitted transferees shall be permitted to Transfer all (but not less than all) of the Lock-Up Shares described in the ROFR
Offer to the Offering Party at a price not less than the Purchase Price and otherwise on terms and conditions not more favorable to the Offering Party than those set forth in the ROFR Offer and the restrictions set forth in
Section 2.1(c)(i) shall not apply to such Proposed Sale; provided, however, if such Proposed Sale to the Offering Party is not consummated within sixty (60) days after the expiration of the
ROFR Acceptance Period, the restrictions set forth in Section 2.1(c)(i) shall again apply to the applicable Lock-Up Shares, and no Transfer of such Lock-Up Shares that is otherwise prohibited by Section 2.1(c)(i) may be made thereafter by the Investor or its permitted transferees without first complying with the
procedures set forth in this Section 2.1(d). 
 Section 3 Securities Restrictions; Legends. 

3.1. Securities Restrictions; Legends. 

(a) The Investor acknowledges that its Lock-Up Shares have not been registered under the Securities Act
and as such its Lock-Up Shares may not be transferred except pursuant to an effective Registration Statement under the Securities Act or pursuant to an exemption from registration under the Securities Act. The
Investor agrees that it will not make any Transfer at any time if such action would or would be likely to (i) constitute a violation of any securities Laws of any applicable jurisdiction or a breach of the conditions to any exemption from
registration of Lock-Up Shares under any such Laws or (ii) cause the Company to become subject to the registration requirements of the U.S. Investment Company Act of 1940. 

(b) Each certificate representing Lock-Up Shares, or other instrument (including a statement issued by
the registrar in connection with a book-entry system) representing Lock-Up Shares, shall (unless otherwise permitted by the provisions of Section 3.1(e) below) be stamped or otherwise
imprinted with a legend in substantially the following form: 
 “THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, 

  
 8 

 
PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER SAID ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS
NOT REQUIRED.” 
 (c) Each certificate or other instrument evidencing the securities issued upon the transfer of any Lock-Up Shares shall bear the legend set forth above unless (a) in such opinion of counsel to the Company registration of any future transfer is not required by the applicable provisions of the Securities Act
or (b) the Company shall have waived the requirement of such legends. 
 (d) When (i) any
Lock-Up Shares are sold or otherwise Transferred pursuant to an effective Registration Statement under the Securities Act or (ii) the Investor has transferred or intends to transfer such shares pursuant
to Rule 144, the Investor shall be entitled to receive from the Company, without expense to the Investor, a new certificate or other instrument (including a statement issued by the registrar in connection with a book-entry system) representing
shares of Common Stock or Class B Common Stock, as applicable, not bearing the restrictive legend set forth above. 
 (e) Each
certificate representing Lock-Up Shares, or other instrument (including a statement issued by the registrar in connection with a book-entry system) representing Lock-Up
Shares, shall during the Lock-Up Period be stamped or otherwise imprinted with a legend in substantially the following form: 

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE ALSO SUBJECT TO AN INVESTOR RIGHTS AGREEMENT, DATED AS OF
SEPTEMBER 17, 2020, BY AND AMONG THE ISSUER OF SUCH SECURITIES (THE “COMPANY”) AND THE OTHER PARTIES NAMED THEREIN, AND AN INVESTOR SIDE AGREEMENT, DATED AS OF JULY 31,
2020, BY AND BETWEEN TOPCO PARENT AND THE OTHER PARTIES NAMED THEREIN, IN EACH CASE, AS THE SAME MAY BE AMENDED, RESTATED, MODIFIED OR SUPPLEMENTED FROM TIME TO TIME. THE TERMS OF SUCH INVESTOR RIGHTS AGREEMENT OR INVESTOR SIDE AGREEMENT INCLUDE,
AMONG OTHER THINGS, RESTRICTIONS ON TRANSFER AND OWNERSHIP OF THE SECURITIES REPRESENTED HEREBY. A COPY OF SUCH AGREEMENTS WILL BE FURNISHED WITHOUT CHARGE BY THE COMPANY TO THE INVESTOR HEREOF UPON WRITTEN REQUEST.”  

(f) At the expiration of the Lock-Up Period, the Investor shall be entitled to receive from the
Company, without expense and without undue delay, a new certificate or other instrument (including a statement issued by the registrar in connection with a book-entry system) representing shares of Common Stock or Class B Common Stock, as
applicable, not bearing the restrictive legend set forth above in Section 3.1(e). 

  
 9 

 Section 4 Registration Rights. 

4.1. Shelf Registration Statement. 

(a) Obligation to File Shelf Registration Statement. Subject to the receipt of the Required Information (as defined below), the Company
shall file with the SEC a Shelf Registration Statement relating to the offer and sale by the Investor from time to time of all its Registrable Securities in accordance with the methods of distribution set forth in the Shelf Registration Statement
and shall use its reasonable best efforts to cause such Shelf Registration Statement to be declared effective under the Securities Act or become automatically effective, as applicable, no later than upon the expiration of the Lock-Up Period (for purposes of clarity, if the Company is then ineligible to register for resale all of the Registrable Securities on Form S-3, such registration shall be on
such other form available to register for resale all of the Registrable Securities as a secondary offering). 
 (b) Continued
Effectiveness. Subject to the provisions of Section 4.5, the Company shall use its reasonable best efforts to keep the Shelf Registration Statement continuously effective under the Securities Act in order to permit the
prospectus forming a part thereof to be usable by the Investor until the earlier of (a) the day the Investor no longer holds any Registrable Securities and (b) the third year anniversary of the expiration of the Lock-Up Period. 
 (c) Required Information. The Investor agrees to promptly provide to the Company
any information reasonably requested by the Company in order to satisfy the applicable disclosure requirements in connection with any Shelf Registration Statement or prospectus forming a part thereof (the “Required Information”). It
shall be a condition precedent to the obligations of the Company to take any action pursuant to this Section 4.1(c) with respect to any Registrable Shares held by the Investor that the Company shall have received all the applicable
Required Information from the Investor, it being understood that the Investor shall consult as appropriate with its own counsel and advisors at its own expense in connection with the completion of the Required Information. 

4.2. Demand Registration Rights. 

(a) Requests for Marketed Underwritten Offerings. The Investor may from time to time request to sell Registrable Securities in an
underwritten offering that is registered pursuant to the Shelf Registration Statement that includes roadshow presentations or investor calls by management of the Company or other marketing efforts by the Company (a “Marketed Underwritten
Offering”); provided that in the case of each such Marketed Underwritten Offering the Registrable Securities proposed to be sold shall have an aggregate offering price of at least $100 million; and provided,
further, that the Company shall not be required to effect (A) a Marketed Underwritten Offering if another Marketed Underwritten Offering has been effected and priced within ninety (90) days or (B) more than two Marketed
Underwritten Offerings within any 12-month period. 
 (b) Requests for Non-Marketed Underwritten Offerings. The Investor may from time to time request to sell Registrable Securities in an underwritten offering that is registered under the Shelf Registration Statement that does not
include any marketing efforts by the Company 

  
 10 

 
or its management, including a “block trade” and an “overnight transaction” (a “Non-Marketed Underwritten Offering”);
provided, that, in the case of each such Non-Marketed Underwritten Offering the Registrable Securities proposed to be sold shall have an aggregate offering price of at least $20 million. 

(c) Requests for Non-Underwritten Offerings. The Investor may from time to time request to
initiate an offering or sale of all or part of its Registrable Securities that does not constitute an Underwritten Offering (a “Non-Underwritten Shelf Takedown”), the Investor shall so
indicate in a written request delivered to the Company no later than three (3) Business Days prior to the expected date of such Non-Underwritten Shelf Takedown, which request shall include (i) the
type and total number of Registrable Securities expected to be offered and sold in such Non-Underwritten Shelf Takedown and (ii) the expected plan of distribution of such
Non-Underwritten Shelf Takedown. 
 (d) Underwritten Offering Notices. All requests for
Underwritten Offerings shall be made by giving written notice to the Company (an “Underwritten Offering Notice”), and upon receipt of an Underwritten Offering Notice the Company shall use its reasonable best efforts to effect an
Underwritten Offering as expeditiously as reasonably possible for the number of Registrable Securities requested and in the manner requested by the Investor, subject to the terms of this Agreement. Each Underwritten Offering Notice shall specify
(i) the approximate number of Registrable Securities to be sold in the Underwritten Offering, (ii) whether such offering will be a Marketed Underwritten Offering or a Non-Marketed Underwritten
Offering, (iii) the intended marketing efforts, if any, and (iv) the name(s) of the underwriter(s), if then known. 
 (e)
Selection of Underwriters and Underwriting Agreement. In an Underwritten Offering, (i) the Investor shall select the investment banker or investment bankers and managers that will serve as lead and
co-managing underwriters with respect to the offering of such Registrable Securities, and (ii) the Company shall enter into an underwriting agreement that is reasonably acceptable to the Investor and the
Company, which agreement shall contain representations, warranties, indemnities and agreements customarily included (but not inconsistent with the covenants and agreements of the Company contained herein) by an issuer of common stock in underwriting
agreements with respect to offerings of common stock for the account of, or on behalf of, such issuers. 
 (f) Cut-backs. The Investor acknowledges that certain other stockholders of the Company have demand rights and piggyback rights pursuant to the Registration Rights Agreement and the Defenders Agreement. If, in
connection with an Underwritten Offering, the lead bookrunning underwriters advise the Company, in writing, that, in their reasonable opinion, the inclusion of all of the securities, including securities of the Company that are not Registrable
Securities, sought to be registered in connection with such Underwritten Offering would adversely affect the marketability of the Registrable Securities sought to be sold pursuant thereto, then the Company shall include in such Underwritten Offering
only such securities as the Company is reasonably advised by such underwriters can be sold without such adverse effect as follows and in the following order of priority: (i) first, up to the number of securities requested to be included in such
Underwritten Offering by (a) the Investor, (b) by any Stockholder (as defined in the Registration Rights Agreement) pursuant to the Registration Rights Agreement and (c) any other stockholders holding pari passu registration rights,
pro rata based upon the number of securities 

  
 11 

 
which such holders requested to be included in such offering; and (ii) second, securities the Company proposes to sell for its own account. 

4.3. Piggy-Back Registration Rights. 

(a) Participation. After the expiration of the Lock-Up Period, in the event that the
Company proposes to register any shares of Common Stock under the Securities Act (other than pursuant to (a) a Registration Statement on Form S-4 or Form S-8, or
any successor forms thereto, promulgated under the Securities Act or (b) an Exempt Prospectus Supplement), for its own account or the account of any of its other stockholders, including take-downs or offerings off a Shelf Registration Statement
(excluding block trades and overnight transactions), the Company shall give the Investor prior written notice (the “Piggy-Back Notice”) of its intention to effect such a registration at least ten (10) Business
Days before the anticipated filing date, or at least two (2) Business Days in the case of a block trade or an overnight transaction. The Piggy-Back Notice shall set forth (i) the anticipated filing date of such Registration Statement and
(ii) the number of shares of Common Stock that the Company intends to include in such Registration Statement. Subject to Section (b), the Investor shall have the right (the “Piggy-Back Registration
Right”) to request that the Company use its reasonable best efforts to cause all the Registrable Securities that the Investor specifies in a written request and delivers to the Company within five (5) Business Days after the giving of
such Piggy-Back Notice to be included in such registration on the same terms and conditions as the other securities otherwise being sold in such registration. 

(b) Underwriter’s Cutback. If the Piggy-Back Notice is with respect to a registration of securities in an
Underwritten Offering, the Company shall so advise the Investor in the Piggy-Back Notice and the Investor shall (together with the Company) enter into an underwriting agreement in customary form with the managing underwriter or underwriters selected
for the Underwritten Offering. Notwithstanding any other provision of this Section 4.3, if the managing underwriter or underwriters determine that the inclusion of some or all of the Registrable Securities and securities
proposed to be included in the registration and the Underwritten Offering would adversely affect the successful marketing (including pricing) of the offering, then the Company shall include in such Registration Statement only such number of
Registrable Securities and securities as such underwriters have advised the Company can be sold in such offering without such adverse effect, to be allocated in the following manner: (i) first, one hundred percent (100%) of the securities that
the Company proposes to sell for its own account; (ii) second, the number of securities, if any, requested to be included in such offering by any stockholder pursuant to the Registration Rights Agreement; (iii) third, the number of
securities requested to be included in such offering by any stockholder pursuant to the Defenders Agreement; (iv) fourth, the number of Registrable Securities requested to be included in such offering by the Investor; (v) only if all of
the securities referred to in clauses (i) through (iv) have been included in such registration, any other securities eligible for inclusion in such registration. 

(c) Underwriter’s Lock-Up Period. In connection with any registration
of Registrable Securities under the Securities Act pursuant to this Section 4.3 for sale to the public, the Investor agrees to enter into a “lock-up” agreement on customary
terms if requested by the underwriter of such offering; provided, that (A) such agreement shall not restrict the selling of any Registrable Security for more than ninety (90) days after the effective date of such Registration
Statement and (B) the Investor shall be released from any such “lock-up” agreement in the event 

  
 12 

 
and to the extent that the underwriter of such offering does not impose a similar restriction on, or permits a discretionary waiver or termination of a similar restriction with respect to, any
officer or director of the Company or holder of greater than five percent (5%) of the Common Stock; provided, further, that this Section 4.3(c) shall only apply to the Investor if its Registrable Securities
are included in such offering. 
 4.4. Registration Procedures. In connection with any registration pursuant to this
Section 4, subject to the provisions of such Section 4: 
 (a) The Company shall furnish to the Investor without
charge such number of copies of the Registration Statement, each amendment and supplement thereto (in each case including all exhibits thereto and documents incorporated by reference therein), the prospectus included in such Registration Statement
(including each preliminary prospectus and any summary prospectus) and any other prospectus filed under the Securities Act and such other documents as the Investor may reasonably request in order to facilitate the disposition of the Registrable
Securities owned by the Investor. The Investor shall have the right to request that the Company modify any information contained in such Registration Statement, amendment and supplement thereto pertaining to the Investor and the Company shall use
all reasonable best efforts to comply with such request; provided, that the Company shall not have any obligation to so modify any information if the Company reasonably expects that so doing would cause the prospectus to contain an untrue
statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading. 

(b) In connection with any filing of any Registration Statement or prospectus or amendment or supplement thereto, the Company shall cause such
document (i) to comply in all material respects with the requirements of the Securities Act and the rules and regulations of the SEC thereunder and (ii) with respect to information supplied by or on behalf of the Company for inclusion in
the Registration Statement, to not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading. 

(c) The Company shall promptly notify the Investor and, if requested by the Investor, confirm in writing, when the Registration Statement has
become effective and when any post-effective amendments and supplements thereto become effective. 
 (d) The Company shall furnish the
Investor and its respective counsel with copies of any written comments from the SEC or any state securities authority or any written request by the SEC or any state securities authority for amendments or supplements to a Registration Statement or
prospectus or for additional information generally. 
 (e) After the filing of a Registration Statement, the Company shall (i) cause
the related prospectus to be supplemented by any required prospectus supplement, and, as so supplemented, to be filed pursuant to Rule 424 under the Securities Act, (ii) comply with the provisions of the Securities Act with respect to the
disposition of all Registrable Securities covered by the Registration Statement during the applicable period in accordance with the intended methods of disposition by the Investor set forth in such Registration Statement or supplement to such
prospectus and (iii) promptly notify the Investor and its respective counsel of any stop order 

  
 13 

 
issued or threatened in writing by the SEC or any state securities commission and use reasonable best efforts to prevent the entry of such stop order or to remove it if entered. 

(f) The Company shall use all reasonable best efforts to (i) register or qualify the Registrable Securities covered by the Registration
Statement under such securities or “Blue Sky” laws of such jurisdictions in the United States as the Investor reasonably requests and (ii) cause such Registrable Securities to be registered with or approved by such other governmental
agencies or authorities as may be necessary by virtue of the business and operations of the Company and do any and all other acts and things that may be reasonably necessary or advisable to enable the Investor to consummate the disposition of the
Registrable Securities owned by the Investor, provided, that the Company shall not be required to (A) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this
Section 4.4(f), (B) subject itself to taxation in any such jurisdiction or (C) consent to general service of process in any such jurisdiction. 

(g) The Company shall use reasonable best efforts to list such Registrable Securities on the principal securities exchange on which Common
Stock is then listed and provide a transfer agent, registrar and CUSIP number for all such Registrable Securities not later than the effective date of the Registration Statement. 

(h) The Company shall use reasonable best efforts to cooperate with the Investor to facilitate the timely preparation and delivery of
certificates representing Registrable Securities to be sold and not bearing any restrictive legends, and enable such Registrable Securities to be in such denominations (consistent with the provisions of the governing documents thereof) and
registered in such names as the Investor may reasonably request at least two (2) Business Days prior to any sale of Registrable Securities. 

(i) The Company shall promptly notify the Investor and its respective counsel, at any time when a prospectus relating thereto is required to
be delivered under the Securities Act, of the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus will
not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading and promptly prepare and make available to the Investor and file with the
SEC any such supplement or amendment subject to any suspension rights contained herein. 
 (j) The Company shall take all reasonable actions
to ensure that any free writing prospectus utilized in connection with an offering of a Registration Statement hereunder complies in all material respects with the Securities Act, is filed in accordance with the Securities Act to the extent required
thereby, is retained in accordance with the Securities Act to the extent required thereby and, when taken together with the related prospectus, shall not contain any untrue statement of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements therein not misleading. 
 (k) The Company shall otherwise use all reasonable best
efforts to comply with all applicable rules and regulations of the SEC, and make available to its security holders, as soon as reasonably practicable, an earnings statement or such other document that shall satisfy the provisions of
Section 11(a) of the Securities Act and Rule 158 thereunder. 

  
 14 

 (l) The Investor agrees that, upon receipt of any notice from the Company of the occurrence
of any event of the kind described in Section 4.4(i), the Investor shall forthwith discontinue disposition of Registrable Securities pursuant to the Registration Statement covering such Registrable Securities
until such Investor’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 4.4(i), and, if so directed by the Company, the Investor shall deliver to the Company all
copies, other than any permanent file copies then in the Investor’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice. If the Company shall give such notice, the Company shall
extend the period during which such Registration Statement shall be maintained effective by the number of days during the period from and including the date of the giving of notice pursuant to Section 4.4(i)
to the date when the Company shall make available to the Investor a prospectus supplemented or amended to conform with the requirements of Section 4.4(i), which extension shall apply regardless of whether
Registrable Securities are eligible to be sold under Rule 144. 
 (m) The Company shall use reasonable best efforts to take such action as
is reasonably necessary to enable the Investor to deliver their Registrable Securities sold pursuant to a Registration Statement, including the removal of any applicable restrictive legends with respect to the Registrable Securities that have been
sold pursuant to a Registration Statement and, if required, delivery of an opinion of counsel to the Company solely in connection with such removal. 

(n) In connection with an Underwritten Offering, the Company shall obtain for each underwriter: (i) an opinion of counsel for the
Company, covering the matters customarily covered in opinions requested in underwritten offerings and such other matters as may be reasonably requested by the underwriters, and (ii) a “comfort” letter (or, in the case of any such
Person which does not satisfy the conditions for receipt of a “comfort” letter specified in AU 634, an “agreed upon procedures” letter) signed by the independent public accountants who have certified the Company’s financial
statements included in such registration statement. 
 (o) The Company shall promptly make available for inspection by a representative of
the selling stockholders, any underwriter participating in any disposition pursuant to any Registration Statement, and any attorney, accountant or other agent or representative retained by the selling stockholders (collectively and not individually)
or underwriter (collectively, the “Inspectors”), all financial and other records, pertinent corporate documents and properties of the Company (collectively, the “Records”), as shall be reasonably necessary to enable
them to exercise their due diligence responsibility in connection with such registration statement, and cause the Company’s officers, directors and employees to supply all information requested by any such Inspector in connection with such
registration statement; provided, however, that, unless the disclosure of such Records is necessary to avoid or correct a misstatement or omission in the Registration Statement or the release of such Records is ordered
pursuant to a subpoena or other order from a court of competent jurisdiction, the Company shall not be required to provide any information under this Section 4.4(o) if (i) the Company believes, after consultation with
counsel for the Company, that to do so would cause the Company to forfeit an attorney-client privilege that was applicable to such information or (ii) if either (A) the Company has requested and been granted from the SEC confidential
treatment of such information contained in any filing with the SEC or documents provided supplementally or otherwise or (B) the Company reasonably 

  
 15 

 
determines that such Records are confidential and so notifies the Inspectors in writing unless prior to furnishing any such information with respect to (i) or (ii) such selling stockholder
requesting such information agrees, and causes each of its Inspectors, to enter into a confidentiality agreement on terms reasonably acceptable to the Company; and provided, further, that each selling stockholder agrees that it will,
upon learning that disclosure of such Records is sought in a court of competent jurisdiction, give notice to the Company and allow the Company, at its expense, to undertake appropriate action and to prevent disclosure of the Records deemed
confidential. 
 (p) The Company shall have appropriate officers of the Company prepare and make presentations at any “road shows”
and before analysts and other information meetings organized by the underwriters, and otherwise use its commercially reasonable efforts to cooperate as reasonably requested by the selling stockholders and the underwriters in the offering, marketing
or selling of the securities. 
 (q) The Company shall take all other reasonable steps necessary to effect the registration and disposition
of the Registrable Securities contemplated hereby. 
 4.5. Company Suspension Rights. Notwithstanding anything contained herein to
the contrary, the Company shall have the right to require the Investor to suspend offers and sales of Registrable Securities included on any Registration Statement filed whenever, and for so long as, in the judgment of the Company either (a) an
event has occurred which makes any statement made in such Registration Statement or related prospectus or document incorporated therein or deemed to be incorporated therein by reference untrue in any material respect or which requires the making of
any changes in such Registration Statement or prospectus so that it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading;
or (b) it is advisable to suspend use of the Registration Statement and prospectus due to pending corporate developments or public filings with the SEC or similar events; provided, however, that (a) the aggregate number of
days included in any such suspension period shall not exceed ninety (90) days in any twelve (12)-month period and (b) during such suspension period the Company will not register any securities for its own account or the account of any
other Person. 
 4.6. Expenses. The Company shall pay all reasonable
out-of-pocket expenses of the Investor in connection with each registration of Registrable Securities requested pursuant to this Section 4 and other expenses
incidental to the Company’s performance of, or compliance with, this Section 4; provided, that (A) the Company only shall pay reasonable fees and expenses of no more than one (1) firm of counsel for the Investor whose Registrable
Securities are to be included in a registration and (B) the Investor shall pay its portion of all applicable underwriting fees, discounts and similar charges, if any, relating to the sale of its Registrable Securities included in any
Registration Statement pursuant to this Section 4. 
 4.7. Indemnification. 

(a) Indemnification by the Company. To the fullest extent permitted by applicable law, the Company shall indemnify the Investor, the
Investor’s Affiliates and each underwriter of the Company’s securities covered by a Registration Statement, if any, and each Person who controls any underwriter within the meaning of the Securities Act or the Exchange

  
 16 

 
Act, against all claims, losses, damages and liabilities (or actions in respect thereof) arising out of or based on: (i) any untrue statement (or alleged untrue statement) of a material fact
contained in any Registration Statement, including any preliminary or final prospectus contained therein and any amendments or supplements thereto incident to any such registration; (ii) any omission (or alleged omission) to state therein a
material fact required to be stated therein or necessary to make the statements therein not misleading; or (iii) any violation by the Company of the Securities Act, the Exchange Act, any state securities or blue sky laws or any rule or
regulation thereunder in connection with any such registration, and will reimburse the Investor, the Investor’s Affiliates, each such underwriter and each Person who controls any such underwriter, as applicable, for any legal and any other
expenses reasonably incurred in connection with investigating and defending any such claim, loss, damage, liability or action; provided, that the Company will not be liable in any such case to the extent that any such claim, loss, damage,
liability or expense arises out of or is based on (x) any untrue statement or omission based upon written information furnished to the Company by the Investor or the Investor’s Affiliate or underwriter and stated to be specifically for use
or (y) the failure of the Investor or any agent acting on behalf of the Investor to timely deliver a prospectus, except those cases where such failure was a result of the act or failure to act by the Company; provided, further,
that the Company shall in no instance be liable for consequential, punitive, exemplary, special or indirect damages or lost profits related to this Agreement. The indemnity agreement contained in this Section 4.7 shall not
apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Company at its sole discretion. 

(b) Indemnification by the Investor. To the fullest extent permitted by applicable law, the Investor will, if Registrable Securities
held by it are included in the securities as to which such registration, qualification or compliance is being effected, severally, but not jointly, indemnify the Company, each of its directors and officers and each underwriter of the Company’s
securities covered by a Registration Statement, if any, and each Person who controls the Company or such underwriter within the meaning of the Securities Act or the Exchange Act, against all claims, losses, damages and liabilities (or actions in
respect thereof) arising out of or based on: (i) any untrue statement (or alleged untrue statement) of a material fact contained in any such Registration Statement, including any preliminary or final prospectus contained therein and any
amendments or supplements thereto, made by the Investor; or (ii) any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements by the Investor therein not misleading, and
will reimburse the Company and such directors, officers, underwriters or control persons for any legal or any other expenses reasonably incurred in connection with investigating or defending any such claim, loss, damage, liability or action, in each
case to the extent, but only to the extent, that such untrue statement or omission (or alleged untrue statement or omission) is made in such Registration Statement, including any preliminary or final prospectus contained therein and any amendments
or supplements thereto, in reliance upon and in conformity with written information furnished to the Company by the Investor and stated to be specifically for use therein; provided, however, that the obligations of the Investor
hereunder shall be limited to an amount equal to the net proceeds that the Investor received by sale of securities as contemplated herein, except in the case of fraud or gross negligence by the Investor, and that the indemnity agreement contained in
this Section 4.7 shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Investor at its sole discretion. 

  
 17 

 (c) Indemnification Procedures. Each Person entitled to indemnification under this
Section 4.7 (each, a “Securities Indemnified Party”) shall give notice to the Person required to provide indemnification (the “Securities Indemnifying Party”) promptly (but in any event
within thirty (30) days) after such Securities Indemnified Party has actual knowledge of any claim as to which indemnity may be sought, and shall permit the Securities Indemnifying Party to assume the defense of any such claim or any litigation
resulting therefrom; provided, that counsel for the Securities Indemnifying Party, who shall conduct the defense of such claim or any litigation resulting therefrom, shall be approved by the Securities Indemnified Party (whose approval shall
not unreasonably be withheld) and the Securities Indemnified Party may participate in such defense at such Person’s expense (unless the Securities Indemnified Party shall have reasonably concluded, and shall have informed the Securities
Indemnifying Party of such conclusion, that there may be a conflict of interest between the Securities Indemnifying Party and the Securities Indemnified Party in such action, in which case the fees and expenses of counsel shall be at the expense of
the Securities Indemnifying Party); provided, further, that the failure of any Securities Indemnified Party to give notice as provided herein shall not relieve the Securities Indemnifying Party of its obligations under this
Section 4.7 unless the Securities Indemnifying Party is materially prejudiced thereby in its ability to defend such action. No Securities Indemnifying Party, in the defense of any such claim or litigation shall, except with
the written consent of each Securities Indemnified Party, consent to entry of any judgment or enter into any settlement. Each Securities Indemnified Party shall furnish such information regarding itself or the claim in question as a Securities
Indemnifying Party may reasonably request in writing and as shall be reasonably required in connection with the defense of such claim and litigation resulting therefrom. The Securities Indemnifying Party shall lose its right to defend, contest,
litigate and settle a matter if it shall fail to diligently contest such matter (except to the extent settled without the consent of the Securities Indemnified Party). 

(d) Contribution. If the indemnification provided for in Section 4.7 is not available or insufficient, for
any reason or reasons other than as specified herein, with respect to any loss, liability, claim, damage or expense referred to herein, then the Securities Indemnifying Party, in lieu of indemnifying such Securities Indemnified Party hereunder,
shall contribute to the amount paid or payable by such Securities Indemnified Party as a result of such loss, liability, claim, damage or expense in such proportion as is appropriate to reflect the relative fault of the Securities Indemnifying Party
on the one hand, and of the Securities Indemnified Party on the other, in connection with the statements or omissions which resulted in such loss, liability, claim, damage or expense, as well as any other relevant equitable considerations. The
relative fault of the Securities Indemnifying Party and of the Securities Indemnified Party shall be determined by reference to, among other things, whether the untrue (or allegedly untrue) statement of a material fact or the omission (or alleged
omission) to state a material fact relates to information supplied by the Securities Indemnifying Party or by the Securities Indemnified Party and the Persons’ relative intent, knowledge, access to information and opportunity to correct or
prevent such statement or omission. 
 4.8. Assignment. Except in a connection with a Transfer contemplated by
Section 2.1(b)(i), the Investor may not assign its rights under this Section 4 to any other party. 

  
 18 

 Section 5 Drag-Along Rights. 

5.1. General. 
 If a
Transferring Party proposes to make a Control Transfer of Common Stock to a non-Affiliated third party where the amount of consideration to be paid for each share of Common Stock is at least equal to the
Purchase Price for the Issued Shares (subject to appropriate adjustment, if any, for changes in the outstanding shares of capital stock of the Company, including by reason of any reclassification, recapitalization, consolidation, stock split
(including reverse stock split) or combination, exchange or readjustment of shares, or any stock dividend or similar transaction), such Transferring Party shall have the right at any time to exercise drag-along rights in accordance with the terms,
conditions and procedures set forth in this Section 5 to cause the Investor or its permitted transferees (each, a “Drag-Along Holder”) to Transfer such number of
Lock-Up Shares determined by multiplying (i) a fraction, the numerator of which is the total number of shares of Common Stock proposed to be Transferred by such Transferring Party in a Control
Transfer and the denominator of which is the aggregate number of shares of Common Stock held by such Transferring Party and its Affiliates immediately prior to the proposed Control Transfer, by (ii) the aggregate number of Lock-Up Shares owned by such Drag-Along Holder immediately prior to such Control Transfer (a “Drag-Along Transaction”). 

5.2. Notice. 
 The Company
shall cause the Transferring Party to deliver written notice (the “Drag-Along Notice”) to the Investor at least ten (10) Business Days prior to the date on which the Drag-Along Transaction is expected to be consummated, which
notice shall set forth (i) the name and address of the proposed acquirer, (ii) the number of shares of Common Stock proposed to be transferred to the proposed acquirer or a description of the assets proposed to be sold to the proposed
acquirer, (iii) the amount and form of consideration for such shares of Common Stock or assets (which consideration shall consist entirely of cash and/or Marketable Securities), (iv) other material terms and conditions of the Drag-Along
Transaction (including a copy of the definitive agreement to effect such Control Transfer) and (v) the anticipated closing date for the Drag-Along Transaction. 

5.3. Terms of a Drag-Along Transaction. 

(a) Each Drag-Along Holder shall (i) be required to make individual representations and warranties as to the unencumbered title to its Lock-Up Shares, the power, authority and legal right to convert, exchange or transfer such Lock-Up Shares, the due execution and enforceability of the relevant documents and
the absence of any adverse claim (as set forth in Section 8-102 of the applicable Uniform Commercial Code) or litigation with respect to such Lock-Up Shares, as
well as customary representations with respect to the absence of conflicts or required consents and the lack of any brokerage, finder’s or other fee being payable based on arrangements made by such Drag-Along Holder and that are also entered
into (on substantially the same terms and conditions) by the Transferring Party in connection with the Drag-Along Transaction, (ii) agree to the same covenants, indemnities and agreements (and shall be subject on a pro rata basis to the
same escrow or other holdback arrangements) as made by the Transferring Party and (iii) otherwise agree to the same terms and conditions as the Transferring Party agrees 

  
 19 

 
to with respect to the Drag-Along Transaction (which shall not include any non-competition or similar restrictive agreements or covenants that would bind
such Drag-Along Holder or its Affiliates). Liability under any indemnities related to the Company or its Subsidiaries shall be allocated among the Transferring Party and each Drag-Along Holder, pro rata based on the value of the proceeds
received by each of them, and the aggregate amount of liability for each Drag-Along Holder to the acquirer shall not exceed the net proceeds actually received by such Drag-Along Holder (other than in case of fraud by such Drag-Along Holder). 

(b) The consummation of any proposed Drag-Along Transaction (in whole or part) shall occur in the sole discretion of the Transferring Party,
who shall have no liability or obligation to the Investor or any Drag-Along Holder other than as set forth in this Agreement in connection with the negotiation of, structuring, restructuring and cancellation (in whole or part) of such Drag-Along
Transaction (it being understood that any consummation or cancellation in part shall apply proportionally based on the number of shares of Common Stock and the Lock-Up Shares, as applicable, that the
Transferring Party and each of the Drag-Along Holders are proposing to Transfer). 
 (c) Notwithstanding anything to the contrary contained
herein, each Drag-Along Holder acknowledges and agrees that it shall not be entitled to any non-economic rights or benefits granted to or otherwise conferred upon the Transferring Party or any of its
Affiliates in such Drag-Along Transaction. 
 5.4. Cooperation. 

Each Drag-Along Holder shall cooperate with the Transferring Party and shall take any and all actions reasonably requested by the Transferring
Party in connection with a Drag-Along Transaction, including voting all equity securities in favor of the Drag-Along Transaction and executing any and all agreements and instruments reasonably requested by the Transferring Party. Without limiting
the generality of the immediately preceding sentence, each Drag-Along Holder hereby waives any and all dissenters, appraisal, quasi-appraisal or other similar rights such Drag-Along Holder may have in connection with any Drag-Along Transaction. 

5.5. Costs. 
 All
reasonable out-of-pocket costs and expenses incurred by or on behalf of the Company in connection with any proposed Drag-Along Transaction (whether or not consummated),
including all attorneys’ fees and charges, all accounting fees and charges and all finder, brokerage or investment banking fees, charges or commissions, shall be paid by the Company or its Subsidiaries. 

5.6. Drag-Along Transaction Not Consummated. 

In the event that a binding and definitive agreement for the sale or transfer in a Drag-Along Transaction pursuant to this
Section 5 is not entered into within one hundred and twenty (120) days after the Investor receives the Drag-Along Notice or the Drag-Along Transaction is not consummated following satisfaction or waiver of all
applicable conditions precedent within nine (9) months after the Investor receives the Drag-Along Notice, upon expiration of any definitive agreement for the Drag-Along Transaction then in effect, the
Drag-

  
 20 

 
Along Holders shall cease to be bound by the obligations set forth in this Section 5 with regard to such transaction. 

Section 6 Reorganization Transactions. 

In the event that TopCo Parent or one of its Affiliates enters into a capital reorganization transaction (a “Reorganization”)
(whether structured as a contribution, merger, conversion, consolidation, recapitalization or otherwise) in which TopCo Parent, directly or indirectly, exchanges all of its Common Stock for substantially similar equity securities of a newly formed
holding company (“New Holdco”), the Investor shall, in connection with such Reorganization, exchange all of its Lock-Up Shares for substantially similar equity securities of New Holdco and,
upon such exchange, the Investor shall cease to be a holder of its Lock-Up Shares. Upon the occurrence of a Reorganization, either (a) New Holdco shall assume all obligations of the Company under this
Agreement and all references herein to the Company and its Lock-Up Shares (or terms of similar import) would be deemed changed mutatis mutandis to reflect the issuance of the substantially similar
equity securities of New Holdco by New HoldCo and their attendant rights, privileges, covenants and restrictions and the assumption of this Agreement or (b) the Investor and New HoldCo shall enter into a new agreement based on terms that are no
less favorable to the Investor than the terms set forth in this Agreement. The Investor agrees to execute any agreements, documents or other instruments in connection with the Reorganization that TopCo Parent deems reasonably necessary and/or proper
to consummate the Reorganization. 
 Section 7 Miscellaneous Provisions. 

7.1. Governing Law; Jurisdiction; Waiver of Jury Trial. 

(a) This Agreement and all matters, claims or Actions (whether at Law, in equity, in Contract, in tort or otherwise) based upon, arising out of
or relating to this Agreement, execution or performance of this Agreement, shall be governed by, and construed in accordance with, the laws of the State of Delaware applicable to contracts executed in and to be performed entirely within that State,
regardless of the laws that might otherwise govern under any applicable conflict of Laws principles. 
 (b) All Actions arising out of or
relating to this Agreement shall be heard and determined in the Chancery Court of the State of Delaware (or, if the Chancery Court of the State of Delaware declines to accept jurisdiction over any Action, any state or federal court within the State
of Delaware) and the parties hereto hereby irrevocably submit to the exclusive jurisdiction and venue of such courts in any such Action and irrevocably waive the defense of an inconvenient forum or lack of jurisdiction to the maintenance of any such
Action. The consents to jurisdiction and venue set forth in this Section 7.1 shall not constitute general consents to service of process in the State of Delaware and shall have no effect for any purpose except as provided
in this paragraph and shall not be deemed to confer rights on any Person other than the parties hereto. Each party hereto agrees that service of process upon such party in any Action arising out of or relating to this Agreement shall be effective if
notice is given by overnight courier at the address set forth in Section 7.5. The parties hereto agree that a final judgment in any such Action shall be conclusive and may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided 

  
 21 

 
by applicable Law; provided, however, that nothing in the foregoing shall restrict any party’s rights to seek any post-judgment relief regarding, or any appeal from, a final
trial court judgment. 
 (c) EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO
INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE IT HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY
ARISING OUT OF OR RELATING TO THIS AGREEMENT AND ANY OF THE AGREEMENTS DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF
ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (B) IT UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF SUCH WAIVER, (C) IT MAKES
SUCH WAIVER VOLUNTARILY AND (D) IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVER AND CERTIFICATIONS IN THIS SECTION 7.1(c). 

7.2. Amendment. 
 (a)
Except as otherwise expressly set forth herein, this Agreement may only be modified or amended, and provisions hereof may be waived, by an instrument in writing duly executed and delivered by the Parties hereto. Upon obtaining such approvals
required by this Agreement, each of the Parties may execute the relevant amendment, restatement, modification or waiver of this Agreement and shall be deemed a party to and bound by such amendment, restatement, modification or waiver of this
Agreement. 
 (b) For the avoidance of doubt, in addition to other amendments authorized herein, amendments may be made to this Agreement
from time to time by the Company, with prompt written notice to, but without the consent of, the Investor or any other party to this Agreement, to reflect changes in ownership of Lock-Up Shares and/or other
securities of the Company, including changes pursuant to Permitted Transfer. 
 (c) If this Agreement is amended solely to reflect the
substitution of the Investor, in accordance with the terms hereof, such amendment to this Agreement shall be sufficient when it is signed by the Company, the Investor and by the Person to be substituted. 

7.3. Termination. 
 This
Agreement shall terminate automatically upon the dissolution of the Company; provided, that any Reorganization or any other action taken pursuant to Section 6 shall not constitute a dissolution of the Company for
purposes of this Section 7.3; provided, further, that (a) the provisions of this Section 7 shall survive such termination and (b) such termination shall not relieve any
Party from any liability for the breach of any obligations set forth in this Agreement prior to such termination. 

  
 22 

 7.4. Transfer of Lock-Up Shares. 

Upon the Transfer of all Lock-Up Shares held by the Investor, the Investor shall cease to be a party to
this Agreement and shall have no further rights and obligations hereunder, except with respect to the Investor’s indemnification rights and obligations under Section 4, it being understood that such Transfer shall not
relieve the Investor from any liability for the breach of any obligations set forth in this Agreement prior to such Transfer. 
 7.5.
Notices. All notices, requests and other communications to any party hereunder shall be in writing and shall be deemed given if delivered personally, emailed (which is confirmed) or sent by overnight courier (providing proof of delivery) to
the parties at the following addresses: 
 (a) If to the Company, to it at: 

ADT Inc. 
 1501 Yamato Road 

Boca Raton, FL, 33431 

Attention: Chief Legal Officer 

Email: dsmail@adt.com 
 with a
copy (which shall not constitute notice) to: 
 Paul, Weiss, Rifkind, Wharton & Garrison LLP 

1285 Avenue of the Americas 

New York, New York 10019-6064 

Attention: Taurie M. Zeitzer Justin S. Rosenberg 

Email: tzeitzer@paulweiss.com 

            jrosenberg@paulweiss.com 

(b) If to the Investor, to it at: 

Google LLC 
 1600 Amphitheatre
Parkway 
 Mountain View, CA 94043 

Attention: Tim Harrington 

Email: investments-notice@google.com 

with a copy (which shall not constitute notice) to: 

Wilson Sonsini Goodrich & Rosati P.C. 

701 Fifth Avenue, Suite 5100 

Seattle, WA 98104 
 Attention:
Michael Nordtvedt 
 Email: mnordtvedt@wsgr.com 

or such other address or email address as such party may hereafter specify by like notice to the other parties hereto. All such notices, requests and other
communications shall be deemed 

  
 23 

 
received on the date of actual receipt by the recipient thereof if received prior to 5:00 p.m. local time in the place of receipt and such day is a Business Day in the place of receipt.
Otherwise, any such notice, request or communication shall be deemed not to have been received until the next succeeding Business Day in the place of receipt. 

7.6. Specific Performance. 

The parties hereto agree that irreparable damage for which monetary relief, even if available, would not be an adequate remedy, would occur in
the event that any provision of this Agreement is not performed in accordance with its specific terms or is otherwise breached. The parties acknowledge and agree that (a) the parties shall be entitled to an injunction or injunctions, specific
performance or other equitable relief to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof in the courts described in Section 7.1 without proof of damages or otherwise, this
being in addition to any other remedy to which they are entitled under this Agreement and (b) the right of specific enforcement is an integral part of the transactions contemplated hereby and without that right, neither the Company nor the
Investor would have entered into this Agreement. The parties hereto agree not to assert that a remedy of specific enforcement is unenforceable, invalid, contrary to Law or inequitable for any reason, and agree not to assert that a remedy of monetary
damages would provide an adequate remedy or that the parties otherwise have an adequate remedy at Law. The parties hereto acknowledge and agree that any party seeking an injunction or injunctions to prevent breaches of this Agreement and to enforce
specifically the terms and provisions of this Agreement in accordance with this Section 7.6 shall not be required to provide any bond or other security in connection with any such order or injunction. 

7.7. Treatment of Certain Transfers. 

Any Transfer or attempted Transfer in breach of this Agreement shall be void ab initio and of no effect. In connection with any
attempted Transfer in breach of this Agreement, the Company may hold and refuse to transfer any Lock-Up Shares or any certificate therefor, in addition to and without prejudice to any and all other rights or
remedies which may be available to it and/or the Investor. 
 7.8. Counterparts. 

This Agreement may be executed in one or more counterparts (including by electronic mail), each of which shall be deemed to be an original but
all of which taken together shall constitute one and the same agreement, and shall become effective when one or more counterparts have been signed by each of the parties hereto (including by electronic signature) and delivered to the other parties
hereto (including electronically, e.g., in PDF format). 
 7.9. Severability. 

If any term, condition or other provision of this Agreement is determined by a court of competent jurisdiction to be invalid, illegal or
incapable of being enforced by any rule of Law or public policy, all other terms, provisions and conditions of this Agreement shall nevertheless remain in full force and effect. Upon such determination that any term, condition or other provision is
invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible to the fullest extent permitted by applicable Law.

  
 24 

 7.10. Further Efforts. 

Each party hereto shall do and perform or cause to be done and performed, without further consideration, all such further acts and things and
shall execute and deliver all such other agreements, certificates, instruments, and documents as the other party may request in order to carry out the provisions of this Agreement and to consummate the transactions contemplated hereby. 

7.11. Extension of Time, Waiver, Etc. 

The Parties may, subject to applicable Law, (a) extend the time for the performance of any of the obligations or acts of the other party
or (b) waive compliance by the other party with any of the agreements contained herein applicable to such party or, except as otherwise provided herein, waive any of such party’s conditions. Notwithstanding the foregoing, no failure or
delay by either party in exercising any right hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right hereunder. Any agreement on
the part of a party hereto to any such extension or waiver shall be valid only if set forth in an instrument in writing signed on behalf of such party. 

7.12. Entire Agreement; No Third-Party Beneficiaries. 

This Agreement constitutes the entire agreement, and supersedes all other prior agreements and understandings, both written and oral, among the
parties and their Affiliates, or any of them, with respect to the subject matter hereof and thereof. No provision of this Agreement shall confer upon any Person other than the parties hereto and their permitted assigns any rights or remedies
hereunder, except that Section 7.14 shall be for the benefit of, and enforceable by, each of the Related Parties. 

7.13. No Personal Liability. 

To the fullest extent permitted by Law, no director of the Company or its Subsidiaries shall be personally liable to the Company or the
Investor as a result of any acts or omissions taken under this Agreement in good faith. 
 7.14.
Non-Recourse. 
 Each party hereto agrees, on behalf of itself and its Affiliates, that all
Actions, claims, obligations, liabilities or causes of action (whether in Contract or in tort, in Law or in equity or otherwise, or granted by statute or otherwise, whether by or through attempted piercing of the corporate, limited partnership or
limited liability company veil or any other theory or doctrine, including alter ego or otherwise) that may be based upon, in respect of, arise under, out of or by reason of, be connected with, or relate in any manner to: (a) this Agreement, any
other agreement referenced herein or the transactions contemplated hereby or thereby, (b) the negotiation, execution or performance of this Agreement or any other agreement referenced herein (including any representation or warranty made in, in
connection with, or as an inducement to, this Agreement 

  
 25 

 
or such other agreement), (c) any breach or violation of this Agreement or any other agreement referenced herein, and (d) any failure of the transactions contemplated hereby or under any
other agreement referenced herein to be consummated, in each case, may be made only against (and are those solely of) the Persons that are expressly identified as parties to this Agreement or, in the case of the other agreements referenced herein,
the persons that are expressly named as parties thereof, and, in accordance with, and subject to the terms and conditions of, this Agreement or such other agreement referenced herein, as applicable. In furtherance and not in limitation of the
foregoing, each party hereto covenants, agrees and acknowledges, on behalf of itself and its respective Affiliates, that no recourse under this Agreement, any other agreement referenced herein or the transactions contemplated hereby or thereby shall
be sought or had against any other Person, and no other Person shall have any liabilities or obligations (whether in Contract or in tort, in Law or in equity or otherwise, or granted by statute or otherwise, whether by or through attempted piercing
of the corporate, limited partnership or limited liability company veil or any other theory or doctrine, including alter ego or otherwise) for any claims, causes of action, obligations or liabilities arising under, out of, in connection with or
related in any manner to the items in clauses (a) through (d) of the immediately preceding sentence, it being expressly agreed and acknowledged that no personal liability or losses whatsoever shall attach to, be imposed on or otherwise be
incurred by any of the aforementioned, as such, arising under, out of, in connection with or related in any manner to the items in clauses (a) through (d) of the immediately preceding sentence. Notwithstanding anything to the contrary herein or
otherwise, except as contemplated in the proviso of the first sentence of this Section 7.14, with respect to each party hereto, no past, present or future director, manager, officer, employee, incorporator, member, partner,
shareholder, agent, attorney, advisor, lender or Representative or Affiliate of such named party (the “Related Parties”) shall be responsible or liable for any multiple, consequential, indirect, special, statutory, exemplary or
punitive damages which may be alleged as a result of this Agreement, any other agreement referenced herein or the transactions contemplated hereby or thereby, or the valid termination or abandonment of any of the foregoing. 

7.15. No Partnership Status. 

Nothing in this Agreement and no actions taken by the parties under this Agreement shall constitute a partnership, association or other
co-operative entity between any of the parties or constitute any party the agent of any other party for any purpose. 
 7.16. Binding
Effect. 
 This Agreement shall be binding upon the Company, the Investor and permitted successors and assigns of the Investor. 

7.17. Further Acknowledgements. 

The Investor acknowledges and agrees that the restrictions on transfer set forth in this Agreement are reasonable and have been imposed to
accomplish legitimate corporate objectives and may adversely affect the proceeds received by the Investor in any sale, transfer or liquidation of any Lock-Up Shares, and as a result of such restrictions on
transfer and ownership, it may not be possible for the Investor to liquidate all or any part of the Investor’s interest in Lock-Up Shares at the time of the Investor’s choosing, in exigent
circumstances or otherwise. The 

  
 26 

 
Investor further acknowledges and agrees that each of the Company, TopCo Parent and their respective Affiliates shall have no liability whatsoever to the Investor arising from, relating to or in
connection with the restrictions on transfer of Lock-Up Shares or any interest therein as set forth in this Agreement, except to the extent the Company fails to comply with its obligations to the Investor
pursuant to this Agreement or any of the other Transaction Documents. 
 7.18. Interpretation. 

(a) When a reference is made in this Agreement to an Article, a Section, Annex, Exhibit or Schedule, such reference shall be to an Article of,
a Section of, or an Annex, Exhibit or Schedule to, this Agreement unless otherwise indicated. The table of contents and headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement. Whenever the words “include”, “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation”. The words
“hereof”, “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The words “date
hereof” when used in this Agreement shall refer to the date of this Agreement. The terms “or”, “any” and “either” are not exclusive. The word “extent” in the phrase “to the extent” shall mean
the degree to which a subject or other thing extends, and such phrase shall not mean simply “if”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. The definitions contained in
this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine and neuter genders of such term. In the event that the Common Stock is listed on a national securities exchange
other than the NYSE, all references herein to the NYSE shall be deemed to be references to such other national securities exchange. Any agreement, instrument or statute defined or referred to herein or in any agreement or instrument that is referred
to herein means such agreement, instrument or statute as from time to time amended, modified or supplemented, including (in the case of agreements or instruments) by waiver or consent and (in the case of statutes) by succession of comparable
successor statutes and references to all attachments thereto and instruments incorporated therein. Unless otherwise specifically indicated, all references to “dollars” or “$” shall refer to the lawful money of the United States.
References to a Person are also to its permitted assigns and successors. When calculating the period of time between which, within which or following which any act is to be done or step taken pursuant to this Agreement, the date that is the
reference date in calculating such period shall be excluded (and unless if otherwise required by Law, if the last day of such period is not a Business Day, the period in question shall end on the next succeeding Business Day). 

(b) The parties hereto have participated jointly in the negotiation and drafting of this Agreement and, in the event an ambiguity or question
of intent or interpretation arises, this Agreement shall be construed as jointly drafted by the parties hereto and no presumption or burden of proof shall arise favoring or disfavoring any party hereto by virtue of the authorship of any provision of
this Agreement. 
 [Remainder of page intentionally left blank] 

  
 27 

 This Agreement is executed by the Company and the Investor to be effective as of the date
first above written. 
  

							
		 		 	 COMPANY

			
		 		 	 ADT INC.

				
		 		 	By:	 	/s/ Jeffrey Likosar
		 		 		 	Name:  Jeffrey Likosar
		 		 		 	 Title:    Executive Vice President, Chief Financial Officer and

             Treasurer

  
 Signature Page to
Investor Rights Agreement 

							
		 		 	 INVESTOR

			
		 		 	 GOOGLE LLC

				
		 		 	By:	 	/s/ Kenneth H. Yi
		 		 		 	Name:  Kenneth H. Yi
		 		 		 	Title:    Assistant Secretary

  
 Signature Page to
Investor Rights AgreementEX-4.2

 Exhibit 4.2 

DOMINION ENERGY, INC. 
 Issuer 

AND 
 DEUTSCHE BANK TRUST COMPANY
AMERICAS 
 Trustee 
  

 
 Twenty-First
Supplemental Indenture 
 Dated as of September 1, 2020 

 
  

$1,000,000,000 
 2020 Series D
Floating Rate Senior Notes due 2023 

 TABLE OF CONTENTS* 

 

									
	ARTICLE I 2020 SERIES D FLOATING RATE SENIOR NOTES DUE 2023	  	 	1	 
				
		 	SECTION 101.	 	Establishment	  	 	1	 
				
		 	SECTION 102.	 	Definitions	  	 	2	 
				
		 	SECTION 103.	 	Payment of Principal and Interest	  	 	8	 
				
		 	SECTION 104.	 	Denominations	  	 	11	 
				
		 	SECTION 105.	 	Global Securities	  	 	11	 
				
		 	SECTION 106.	 	Redemption	  	 	11	 
				
		 	SECTION 107.	 	Sinking Fund; Conversion	  	 	12	 
				
		 	SECTION 108.	 	Additional Interest on Overdue Amounts	  	 	12	 
				
		 	SECTION 109.	 	Paying Agent; Security Registrar	  	 	12	 
		
	ARTICLE II MISCELLANEOUS PROVISIONS	  	 	12	 
				
		 	SECTION 201.	 	Ratification and Incorporation of Base Indenture	  	 	12	 
				
		 	SECTION 202.	 	Executed in Counterparts	  	 	12	 
				
		 	SECTION 203.	 	Assignment	  	 	13	 
				
		 	SECTION 204.	 	Trustee’s Disclaimer	  	 	13	 

  

	* 	 This Table of Contents does not constitute part of the Indenture or have any bearing upon the interpretation of
any of its terms and provisions. 

 THIS TWENTY-FIRST SUPPLEMENTAL INDENTURE is made as of the 1st day of September, 2020, by
and between DOMINION ENERGY, INC. (formerly Dominion Resources, Inc.), a Virginia corporation, having its principal office at 120 Tredegar Street, Richmond, Virginia 23219 (the “Company”), and DEUTSCHE BANK TRUST COMPANY AMERICAS, a New
York banking corporation, as Trustee, having a corporate trust office at 60 Wall Street, 24th Floor, New York, New York 10005 (herein called the “Trustee”). 

W I T N E S S E T H: 
 WHEREAS,
the Company has heretofore entered into an Indenture dated as of June 1, 2015, between the Company and the Trustee (as amended, restated or otherwise modified, the “Base Indenture”) with respect to senior debt securities; 

WHEREAS, the Base Indenture is incorporated herein by this reference and the Base Indenture, as heretofore supplemented, as further
supplemented by this Twenty-First Supplemental Indenture, and as may be hereafter supplemented or amended from time to time, is herein called the “Indenture”; 

WHEREAS, under the Base Indenture, a new series of Securities may at any time be established in accordance with the provisions of the Base
Indenture and the terms of such series may be described by a supplemental indenture executed by the Company and the Trustee; 
 WHEREAS, the
Company proposes to create under the Indenture a new series of Securities; 
 WHEREAS, additional Securities of other series hereafter
established, except as may be limited in the Base Indenture as at the time supplemented, amended and modified, may be issued from time to time pursuant to the Indenture as at the time supplemented, amended and modified; and 

WHEREAS, all conditions necessary to authorize the execution and delivery of this Twenty-First Supplemental Indenture and to make it a valid
and binding obligation of the Company have been done or performed. 
 NOW, THEREFORE, in consideration of the agreements and obligations set
forth herein and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 

ARTICLE I 
 2020 SERIES D
FLOATING RATE SENIOR NOTES DUE 2023 
 SECTION 101.    Establishment. There is hereby established a new
series of Securities to be issued under the Indenture, to be designated as the Company’s 2020 Series D Floating Rate Senior Notes due 2023 (the “Series D Senior Notes”). 

There are to be authenticated and delivered $1,000,000,000 principal amount of Series D Senior Notes, and such principal amount of the Series
D Senior Notes may be increased from time to time pursuant to the penultimate paragraph of Section 301 of the Base Indenture. All Series D 

 
Senior Notes need not be issued at the same time and such series may be reopened at any time, without the consent of any Holder, for issuances of additional Series D Senior Notes. Any such
additional Series D Senior Notes will have the same interest rate, maturity and other terms as those initially issued, and shall be consolidated with and part of the same series of Series D Senior Notes initially issued under this Twenty-First
Supplemental Indenture. Further Series D Senior Notes may also be authenticated and delivered as provided by Sections 304, 305, 306, 905 or 1107 of the Base Indenture. 

The Series D Senior Notes shall be issued as Registered Securities in global form without coupons, in substantially the form set out in
Exhibit A hereto. The entire initially issued principal amount of the Series D Senior Notes shall initially be evidenced by one or more certificates issued to Cede & Co., as nominee for The Depository Trust Company. 

The form of the Trustee’s Certificate of Authentication for the Series D Senior Notes shall be in substantially the form set forth in
Exhibit A hereto. 
 Each Series D Senior Note shall be dated the date of authentication thereof and shall bear interest from the
date of original issuance thereof or from the most recent Interest Payment Date to which interest has been paid or duly provided for. 

SECTION 102.    Definitions. The following defined terms used herein shall, unless the context otherwise requires,
have the meanings specified below. Capitalized terms used herein for which no definition is provided herein shall have the meanings set forth in the Base Indenture. Unless the context otherwise requires, any reference to a “Section” refers
to a Section of this Twenty-First Supplemental Indenture. 
 “Benchmark” means, initially, the Three-Month LIBOR Rate; provided
that if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the Three-Month LIBOR Rate or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement. 

“Benchmark Replacement” means the Interpolated Benchmark with respect to the then-current Benchmark, plus the Benchmark Replacement
Adjustment for such Interpolated Benchmark (if there is such a Benchmark Replacement Adjustment); provided that if the Company (or its Designee) cannot determine the Interpolated Benchmark as of the Benchmark Replacement Date, then “Benchmark
Replacement” means the first alternative set forth in the order below that can be determined by the Company (or its Designee) as of the Benchmark Replacement Date: 
  

	 	(1)	 the sum of: (a) Term SOFR and (b) the Benchmark Replacement Adjustment; 

 

	 	(2)	 the sum of: (a) Compounded SOFR and (b) the Benchmark Replacement Adjustment; 

 

	 	(3)	 the sum of: (a) the alternate rate of interest that has been selected or recommended by the Relevant
Governmental Body as the replacement for the then-current Benchmark for the applicable Corresponding Tenor and (b) the Benchmark Replacement Adjustment; 

  
 2 

	 	(4)	 the sum of: (a) the ISDA Fallback Rate and (b) the Benchmark Replacement Adjustment; and

  

	 	(5)	 the sum of: (a) the alternate rate of interest that has been selected by the Company (or its Designee) as
the replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to any industry-accepted rate of interest as a replacement for the then-current Benchmark for U.S. dollar denominated floating rate notes
at such time and (b) the Benchmark Replacement Adjustment. 

 “Benchmark Replacement Adjustment” means the
first alternative set forth in the order below that can be determined by the Company (or its Designee) as of the Benchmark Replacement Date: 
  

	 	(1)	 the spread adjustment (which may be positive or negative value or zero) that has been selected or recommended
by the Relevant Governmental Body or determined by the Company or its Designee in accordance with the method for calculating or determining such spread adjustment that has been selected or recommended by the Relevant Governmental Body, in each case
for the applicable Unadjusted Benchmark Replacement; 

  

	 	(2)	 if the applicable Unadjusted Benchmark Replacement is equivalent to the ISDA Fallback Rate, then the ISDA
Fallback Adjustment; and 

  

	 	(3)	 the spread adjustment (which may be a positive or negative value or zero) that has been selected by the Company
(or its Designee) giving due consideration to any industry-accepted spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the then-current Benchmark with the applicable Unadjusted Benchmark
Replacement for U.S. dollar denominated floating rate notes at such time. 

 The Benchmark Replacement Adjustment shall not include the
Margin and such Margin shall be applied to the Benchmark Replacement to determine the interest payable on the Senior Notes. 

“Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or
operational changes (including changes to the definition of “interest period,” timing and frequency of determining rates and making payments of interest, rounding of amounts or tenor, and other administrative matters) , or any other
changes to any other terms or provisions of the Series D Senior Notes, in each case that the Company (or its Designee) decides may be appropriate to reflect the adoption of such Benchmark Replacement in a manner substantially consistent with market
practice (or, if the Company (or its Designee) decides that adoption of any portion of such market practice is not administratively feasible or if the Company (or its Designee) determines that no market practice for use of the Benchmark Replacement
exists, in such other manner as the Company (or its Designee) determines is reasonably necessary). 

  
 3 

 “Benchmark Replacement Date” means the earliest to occur of the following events
with respect to the then-current Benchmark: 
  

	 	(1)	 in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the
later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of the Benchmark permanently or indefinitely ceases to provide the Benchmark; or

  

	 	(2)	 in the case of clause (3) of the definition of “Benchmark Transition Event,” the date of the
public statement or publication of information referenced therein. 

 For the avoidance of doubt, if the event giving rise to the
Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination. 

“Benchmark Transition Event” means the occurrence of one or more of the following events with respect to the then-current Benchmark:

  

	 	(1)	 a public statement or publication of information by or on behalf of the administrator of the Benchmark
announcing that such administrator has ceased or will cease to provide the Benchmark, permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the
Benchmark; 

  

	 	(2)	 a public statement or publication of information by the regulatory supervisor for the administrator of the
Benchmark, the central bank for the currency of the Benchmark, an insolvency official with jurisdiction over the administrator for the Benchmark, a resolution authority with jurisdiction over the administrator for the Benchmark or a court or an
entity with similar insolvency or resolution authority over the administrator for the Benchmark, which states that the administrator of the Benchmark has ceased or will cease to provide the Benchmark permanently or indefinitely, provided that, at
the time of such statement or publication, there is no successor administrator that will continue to provide the Benchmark; or 

  

	 	(3)	 a public statement or publication of information by the regulatory supervisor for the administrator of the
Benchmark announcing that the Benchmark is no longer representative. 

 “Business Day” means a day other than
(i) a Saturday or a Sunday, (ii) a day on which banks in New York, New York are authorized or obligated by law or executive order to remain closed or (iii) a day on which the Corporate Trust Office is closed for business. 

“Calculation Agent” means Deutsche Bank Trust Company Americas, or its successor appointed by the Company, acting as calculation
agent. 

  
 4 

 “Compounded SOFR” means the compounded average of SOFRs for the applicable
Corresponding Tenor, with the rate, or methodology for this rate, and conventions for this rate being established by the Company (or its Designee) in accordance with: 
  

	 	(1)	 the rate, or methodology for this rate, and conventions for this rate selected or recommended by the Relevant
Governmental Body for determining Compounded SOFR; provided that: 

  

	 	(2)	 if, and to the extent that, the Company (or its Designee) determines that Compounded SOFR cannot be determined
in accordance with clause (1) above, then the rate, or methodology for this rate, and conventions for this rate that have been selected by the Company (or its Designee) giving due consideration to any industry-accepted market practice for U.S.
dollar denominated floating rate notes at such time. 

 For the avoidance of doubt, the calculation of Compounded SOFR shall exclude the
Benchmark Replacement Adjustment and the Margin. 
 “Corresponding Tenor” with respect to a Benchmark Replacement means a tenor
(including overnight) having approximately the same length (disregarding business day adjustment) as the applicable tenor for the then-current Benchmark. 

“Depositary” has the meaning set forth in Section 105. 

“Designee” means an independent financial advisor or any other designee of the Company selected by the Company for the purposes
described herein. 
 “Federal Reserve Bank of New York’s Website” means the website of the Federal Reserve Bank of
New York at http://www.newyorkfed.org, or any successor source. 
 “Interest Payment Dates” means March 15,
June 15, September 15 and December 15 of each year, commencing on December 15, 2020. 
 “Interpolated
Benchmark” with respect to the Benchmark means the rate determined for the Corresponding Tenor by interpolating on a linear basis between: (1) the Benchmark for the longest period (for which the Benchmark is available) that is shorter than
the Corresponding Tenor and (2) the Benchmark for the shortest period (for which the Benchmark is available) that is longer than the Corresponding Tenor. “Benchmark” as used in clause (1) and (2) of the foregoing definition
means the then-current Benchmark for the applicable periods specified in such clauses without giving effect to the applicable index maturity (if any). 

“ISDA Definitions” means the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any
successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to time. 

“ISDA Fallback Adjustment” means the spread adjustment (which may be a positive or negative value or zero) that would apply for
derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor. 

  
 5 

 “ISDA Fallback Rate” means the rate that would apply for derivatives transactions
referencing the ISDA Definitions to be effective upon the occurrence of an index cessation date with respect to the Benchmark for the applicable tenor excluding the applicable ISDA Fallback Adjustment. 

“LIBOR Business Day” means any Business Day on which dealings in deposits in U.S. Dollars are transacted in the London Inter-Bank
Market. 
 “LIBOR Interest Determination Date” means the second LIBOR Business Day preceding each LIBOR Rate Reset Date. 

“LIBOR Rate Reset Date” means, subject to Section 103, the 15th day of the months of March, June, September and December
of each year commencing on December 15, 2020. 
 “Margin” has the meaning set forth in Section 103. 

“Original Issue Date” means September 17, 2020. 

“Outstanding,” when used with respect to the Series D Senior Notes, means, as of the date of determination, all Series D Senior
Notes theretofore authenticated and delivered under the Indenture, except: 
 (i)    Series D Senior Notes theretofore
canceled by the Trustee or delivered to the Trustee for cancellation; 
 (ii)    Series D Senior Notes for whose
payment at the Maturity thereof money in the necessary amount has been theretofore deposited (other than pursuant to Section 402 of the Base Indenture) with the Trustee or any Paying Agent (other than the Company) in trust or set aside and
segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Series D Senior Notes, provided that, if such Series D Senior Notes are to be redeemed, notice of such redemption has been duly given
pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; 
 (iii)    Series D Senior
Notes with respect to which the Company has effected defeasance or covenant defeasance pursuant to Section 402 of the Base Indenture, except to the extent provided in Section 402 of the Base Indenture; and 

(iv)    Series D Senior Notes that have been paid pursuant to Section 306 of the Base Indenture or in exchange for
or in lieu of which other Series D Senior Notes have been authenticated and delivered pursuant to the Indenture, other than any such Series D Senior Notes in respect of which there shall have been presented to the Trustee proof satisfactory to it
that such Series D Senior Notes are held by a bona fide purchaser in whose hands such Series D Senior Notes are valid obligations of the Company; provided, however, that in determining whether the Holders of the requisite principal amount of
Outstanding Series D Senior Notes have given any request, demand, authorization, direction, notice, consent or waiver under the Indenture or are present at a meeting of Holders of Series D Senior Notes for quorum purposes, Series D Senior Notes
owned by the Company or any other obligor upon the Series D Senior Notes or any Affiliate of the Company or such other obligor shall be disregarded and deemed not to be Outstanding, 

  
 6 

 
except that, in determining whether the Trustee shall be protected in making any such determination or relying upon any such request, demand, authorization, direction, notice, consent or waiver,
only Series D Senior Notes which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded. Series D Senior Notes so owned which shall have been pledged in good faith may be regarded as Outstanding if the pledgee
establishes to the satisfaction of the Trustee (A) the pledgee’s right so to act with respect to such Series D Senior Notes and (B) that the pledgee is not the Company or any other obligor upon the Series D Senior Notes or an
Affiliate of the Company or such other obligor. 
 “Reference Time” with respect to any determination of the Benchmark means
(1) if the Benchmark is the Three-Month LIBOR Rate, 11:00 a.m., London time, on the LIBOR Interest Determination Date, and (2) if the Benchmark is not the Three-Month LIBOR Rate, the time determined by the Company (or its Designee) in
accordance with the Benchmark Replacement Conforming Changes. 
 “Regular Record Date” means, with respect to each Interest
Payment Date, the close of business on the Business Day preceding such Interest Payment Date; provided that, with respect to Series D Senior Notes that are not represented by one or more Global Securities, the Regular Record Date shall be the close
of business on the fifteen (15th) calendar day (whether or not a Business Day) preceding such Interest Payment Date. 
 “Relevant
Governmental Body” means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto.

 “Reuters Page LIBOR01” means the display so designated on the Reuters 3000 Xtra (or such other page as may replace that page on
that service, or such other service as may be nominated by the Company as the information vendor, for the purpose of displaying rates or prices comparable to the London Inter-Bank Offered Rate for U.S. Dollar deposits). 

“SOFR” with respect to any day means the secured overnight financing rate published for such day by the Federal Reserve Bank of New
York, as the administrator of the benchmark (or a successor administrator), on the Federal Reserve Bank of New York’s Website. 

“Stated Maturity” means September 15, 2023. 

“Term SOFR” means the forward-looking term rate for the applicable Corresponding Tenor based on SOFR that has been selected or
recommended by the Relevant Governmental Body. 
 “Three-Month LIBOR Rate” means the rate determined in accordance with the
following provisions: 
 (i)     On the LIBOR Interest Determination Date, the Calculation Agent or its affiliate will
determine the Three-Month LIBOR Rate which shall be the rate for deposits in U.S. Dollars having a three-month maturity which appears on Reuters Page LIBOR01 as of 11:00 a.m., London time, on the LIBOR Interest Determination Date. 

  
 7 

 (ii)     If no rate appears on Reuters Page LIBOR01 on the LIBOR
Interest Determination Date, the Calculation Agent will request the principal London offices of each of four major reference banks (which may include affiliates of the underwriters) in the London Inter-Bank Market selected by the Calculation Agent
(after consultation with the Company) to provide the Calculation Agent with their offered quotations for deposits in U.S. Dollars for the period of three months, commencing on the applicable LIBOR Rate Reset Date, to prime banks in the London
Inter-Bank Market at approximately 11:00 a.m., London time, on that LIBOR Interest Determination Date and in a principal amount that is representative for a single transaction in U.S. Dollars in that market at that time. 

If at least two quotations are provided, then the Three-Month LIBOR Rate will be the average (rounded, if necessary, to the nearest one
hundredth (0.01) of a percent) of those quotations. If fewer than two quotations are provided, then the Three Month LIBOR Rate will be the average (rounded, if necessary, to the nearest one hundredth (0.01) of a percent) of the rates quoted at
approximately 11:00 a.m., New York City time, on the LIBOR Interest Determination Date by three major banks (which may include affiliates of the underwriters) in New York City selected by the Calculation Agent (after consultation with the Company)
for loans in U.S. Dollars to leading European banks, having a three-month maturity and in a principal amount that is representative for a single transaction in U.S. Dollars in that market at that time. If the banks selected by the Calculation Agent
are not providing quotations in the manner described by this paragraph, the rate for the period following the LIBOR Interest Determination Date will be the rate in effect on that LIBOR Interest Determination Date. 

“Unadjusted Benchmark Replacement” means the Benchmark Replacement excluding the Benchmark Replacement Adjustment. 

The terms “Company,” “Trustee,” “Base Indenture,” and “Indenture” shall have the respective meanings
set forth in the recitals to this Twenty-First Supplemental Indenture and the paragraph preceding such recitals. 
 SECTION
103.    Payment of Principal and Interest. The principal of the Series D Senior Notes shall be due at the Stated Maturity (unless earlier redeemed). The unpaid principal amount of the Series D Senior Notes shall bear
interest at a floating rate per annum determined by the Calculation Agent as described below, until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date to which interest has
been paid or duly provided for. Interest shall be paid quarterly in arrears on each Interest Payment Date to the Person in whose name the Series D Senior Notes are registered on the Regular Record Date for such Interest Payment Date; provided that
interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be
payable to the Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series D Senior Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to
be fixed by the Trustee (in accordance with Section 307 of the Base Indenture), notice whereof shall be given to Holders of the Series D Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in
any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series D Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in the Base
Indenture. 

  
 8 

 The per annum interest rate on the Series D Senior Notes will be equal to the Three-Month
LIBOR Rate plus 53 basis points (0.53%) (0.53%, the “Margin”); provided that the per annum interest rate for the period from the Original Issue Date to the first LIBOR Rate Reset Date will be 0.77613% per annum (the “Initial Interest
Rate”). The per annum interest rate shall be reset on each LIBOR Rate Reset Date. 
 If any LIBOR Rate Reset Date falls on a day that
is not a Business Day, the LIBOR Rate Reset Date will be postponed to the next day that is a Business Day, except that if that Business Day is in the next succeeding calendar month, the LIBOR Rate Reset Date will be the next preceding Business Day.
The interest rate in effect on any LIBOR Rate Reset Date will be the applicable rate as reset on that date. The interest rate applicable to any other day will either be the Initial Interest Rate or the interest rate as reset on the immediately
preceding LIBOR Rate Reset Date. Any percentage resulting from any calculation of any interest rate for the Series D Senior Notes less than 0.00% will be deemed to be 0.00% (or 0.0000). 

By its acquisition of the Series D Senior Notes, each Holder (which, for these purposes, includes each beneficial owner) (i)
acknowledges, accepts, consents and agrees to be bound by the determination of the Three-Month LIBOR Rate or any component thereof by the Company or the Calculation Agent, including as may occur without any prior notice from the Company and without
the need for the Company to obtain any further consent from such Holder, (ii) waives any and all claims, in law and/or in equity, against the Trustee, the Paying Agent and the Calculation Agent for, agrees not to initiate a suit against the
Trustee, the Paying Agent and the Calculation Agent in respect of, and agrees that none of the Trustee, the Paying Agent or the Calculation Agent will be liable for, the determination of or the failure to determine any Three-Month LIBOR Rate and any
losses suffered in connection therewith. 
 Payments of interest on the Series D Senior Notes will include interest accrued to but excluding
the respective Interest Payment Dates. Interest payments for the Series D Senior Notes shall be computed and paid on the basis of the actual number of days in the relevant quarterly period (including the first day of the quarterly period and
excluding the last day of the quarterly period) divided by 360. If any Interest Payment Date, other than the Stated Maturity, falls on a day that is not a Business Day, the Interest Payment Date will be postponed to the next day that is a Business
Day, except that if that Business Day is in the next succeeding calendar month, the Interest Payment Date will be the immediately preceding Business Day. If the Stated Maturity falls on a day that is not a Business Day, the payment of interest and
principal will be made on the next succeeding Business Day, and no interest on such payment will accrue for the period from and after the Stated Maturity. 

Accrued interest on any Series D Senior Note will be calculated by multiplying the principal amount of the Senior Note by an accrued interest
factor. The accrued interest factor will be computed by adding the interest factors calculated for each day in the period for which interest is being paid. The interest factor for each day is computed by dividing the interest rate applicable to that
day by 360. 

  
 9 

 Payment of the principal and interest on the Series D Senior Notes shall be made at the
office of the Paying Agent in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Series D Senior
Notes, or upon redemption or repurchase being made upon surrender of such Series D Senior Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at
the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the
United States as may be designated in writing to the Trustee at least sixteen (16) days prior to the date for payment by the Person entitled thereto. 

Notwithstanding the above, if the Company (or its Designee) determines on or prior to the relevant LIBOR Interest Determination Date that a
Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the Three-Month LIBOR Rate (or the then-current Benchmark, as applicable), then the provisions set forth in the paragraph below, which are referred
to as the benchmark transition provisions, will thereafter apply to all determinations of the rate of interest payable on the Series D Senior Notes. In accordance with the benchmark transition provisions, after a Benchmark Transition Event and its
related Benchmark Replacement Date have occurred, the amount of interest that will be payable for each interest period will be an annual rate equal to the sum of the Benchmark Replacement and the Margin. However, if the Company (or its Designee)
determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the then-current Benchmark, but for any reason the Benchmark Replacement has not been determined as of the relevant LIBOR Interest
Determination Date, the interest rate for the applicable interest period will be equal to the interest rate for the immediately preceding interest period, as determined by the Company (or its Designee). 

If the Company (or its Designee) determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior
to the Reference Time in respect of any determination of the Benchmark on any date, the Benchmark Replacement will replace the then-current Benchmark for all purposes relating to the Series D Senior Notes in respect of such determination on such
date and all determinations on all subsequent dates. In connection with the implementation of a Benchmark Replacement, the Company (or its Designee) will have the right to make Benchmark Replacement Conforming Changes from time to time. Any
determination, decision or election that may be made by the Company (or its Designee) pursuant to this paragraph, including any determination with respect to tenor, rate or adjustment or of the occurrence
or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error, will be made in
the Company’s (or its Designee’s) sole discretion, and, notwithstanding anything to the contrary in the Indenture or the Series D Senior Notes, shall become effective without consent from the Holders of the Series D Senior Notes or any
other party. 
 Neither the Trustee nor the Calculation Agent will have any liability for any determination made by or on behalf of the
Company or its Designee in connection with a Benchmark Transition Event or a Benchmark Replacement. In no event shall the Calculation Agent be responsible for determining any substitute for the Three-Month LIBOR Rate, or for making any adjustments
to 

  
 10 

 
any alternative benchmark or spread thereon, the business day convention, interest determination dates or any other relevant methodology for calculating any such substitute or successor
benchmark. In connection with the foregoing, the Calculation Agent will be entitled to conclusively rely on any determinations made by the Company or its Designee and will have no liability for such actions taken at the direction of the Company.

 SECTION 104.    Denominations. The Series D Senior Notes may be issued in denominations of $2,000, or any
greater integral multiple of $1,000. 
 SECTION 105.    Global Securities. The Series D Senior Notes will be
initially issued in the form of one or more Global Securities registered in the name of the Depositary (which shall be The Depository Trust Company) or its nominee. Except under the limited circumstances described below, Series D Senior Notes
represented by such Global Securities will not be exchangeable for, and will not otherwise be issuable as, Series D Senior Notes in definitive form registered in names other than the Depositary or its nominee. The Global Securities described above
may not be transferred except by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or to a successor Depositary or its nominee. 

Owners of beneficial interests in such a Global Security will not be considered the Holders thereof for any purpose under the Indenture, and
no Global Security representing a Series D Senior Note shall be exchangeable, except for another Global Security of like denomination and tenor to be registered in the name of the Depositary or its nominee or to a successor Depositary or its nominee
or except as described below. The rights of Holders of such Global Security shall be exercised only through the Depositary. 
 A Global
Security shall be exchangeable for Series D Senior Notes registered in the names of persons other than the Depositary or its nominee only if (i) the Depositary notifies the Company that it is unwilling or unable to continue as a Depositary for
such Global Security and no successor Depositary shall have been appointed by the Company within 90 days of receipt by the Company of such notification, or if at any time the Depositary ceases to be a clearing agency registered under the Exchange
Act at a time when the Depositary is required to be so registered to act as such Depositary and no successor Depositary shall have been appointed by the Company within 90 days after it becomes aware of such cessation, (ii) the Company in its
sole discretion, and subject to the procedures of the Depositary, determines that such Global Security shall be so exchangeable, in which case Series D Senior Notes in definitive form will be printed and delivered to the Depositary, or (iii) an
Event of Default has occurred and is continuing with respect to the Series D Senior Notes. Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Series D Senior Notes registered in such names as the
Depositary shall direct. 
 SECTION 106.    Redemption. The Series D Senior Notes are redeemable, in whole or in
part, at any time and from time to time on or after the first Business Day after the date that is 12 months following the Original Issue Date, at the option of the Company, at a Redemption Price equal to 100% of the principal amount of the Series D
Senior Notes then outstanding to be so redeemed, plus accrued and unpaid interest to, but excluding, the Redemption Date. 

  
 11 

 Unless the Company defaults in the payment of the Redemption Price, on and after the
Redemption Date, interest will cease to accrue on the Series D Senior Notes or portions thereof called for redemption. 
 In the event of
the redemption of the Series D Senior Notes in part only, a new Series D Senior Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon surrender thereof. 

Any notice of redemption shall be sent in accordance with the terms of the Base Indenture. 

SECTION 107.    Sinking Fund; Conversion. The Series D Senior Notes shall not have a sinking fund. The
Series D Senior Notes are not convertible into or exchangeable for Equity Securities and/or any other securities. 
 SECTION
108.    Additional Interest on Overdue Amounts. Any principal of and installment of interest on the Series D Senior Notes that is overdue shall bear interest at the then applicable interest rate (to the extent that the
payment of such interest shall be legally enforceable), from the dates such amounts are due until they are paid or made available for payment, and such interest shall be payable on demand. 

SECTION 109.    Paying Agent; Security Registrar. The Trustee shall initially serve as Paying Agent and
Security Registrar with respect to the Series D Senior Notes, with the Place of Payment initially being the Corporate Trust Office. The Company may change the Paying Agent or Security Registrar without prior notice to Holders of the Series D Senior
Notes, and the Company or any of its subsidiaries may act as Paying Agent or Security Registrar. 
 ARTICLE II 

MISCELLANEOUS PROVISIONS 

SECTION 201.    Ratification and Incorporation of Base Indenture. As supplemented hereby, the Base Indenture is in
all respects ratified and confirmed by the Company. The Base Indenture and this Twenty-First Supplemental Indenture shall be read, taken and construed as one and the same instrument. 

SECTION 202.    Executed in Counterparts. This Twenty-First Supplemental Indenture may be executed in several
counterparts, each of which shall be deemed to be an original, and such counterparts shall together constitute but one and the same instrument. The exchange of copies of this Twenty-First Supplemental Indenture and of signature pages by facsimile or
PDF transmission shall constitute effective execution and delivery of this Twenty-First Supplemental Indenture as to the parties hereto and may be used in lieu of the original, manually executed Twenty-First Supplemental Indenture for all purposes.
Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 

SECTION 203.    Assignment. The Company shall have the right at all times to assign any of its rights or
obligations under the Indenture with respect to the Series D Senior Notes to a direct or indirect wholly-owned subsidiary of the Company; provided that, in the event of any such assignment, the Company shall remain primarily liable for the
performance of all such obligations. The Indenture may also be assigned by the Company in connection with a transaction described in Article Eight of the Base Indenture. 

  
 12 

 SECTION 204.    Trustee’s Disclaimer. All of
the provisions contained in the Base Indenture in respect of the rights, powers, privileges, protections, duties and immunities of the Trustee, including without limitation its right to be indemnified, shall be applicable in respect of the Series D
Senior Notes and of this Twenty-First Supplemental Indenture as fully and with like effect as if set forth herein in full. The Trustee accepts the amendments of the Indenture effected by this Twenty-First Supplemental Indenture, but on the terms and
conditions set forth in the Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee. Without limiting the generality of the foregoing, the Trustee shall not be responsible in any manner
whatsoever for or with respect to any of the recitals or statements contained herein, all of which recitals or statements are made solely by the Company, or for or with respect to (i) the validity or sufficiency of this Twenty-First
Supplemental Indenture or any of the terms or provision hereof, (ii) the proper authorization hereof by the Company by action or otherwise, (iii) the due execution hereof by the Company, or (iv) the consequences of any amendment
herein provided for, and the Trustee makes no representation with respect to any such matters. 
 [Signature Page Follows] 

  
 13 

 IN WITNESS WHEREOF, each party hereto has caused this instrument to be signed in its name
and behalf by its duly authorized officer, all as of the day and year first above written. 
  

					
	DOMINION ENERGY, INC.

 
					
		
	By:	 	 /s/ James R. Chapman

					
	Name:	 	James R. Chapman
	Title:	 	 Executive Vice President, Chief Financial

Officer and Treasurer

 
					
	
	DEUTSCHE BANK TRUST COMPANY
AMERICAS, as Trustee

 
					
		
	By:	 	 /s/ Irina Golovashchuk

					
	Name:	 	Irina Golovashchuk
	Title:	 	Vice President	 	

 
					
		
	By:	 	 /s/ Jeffrey Schoenfeld

					
	Name:	 	Jeffrey Schoenfeld
	Title:	 	Vice President	 	

  
 14 

 EXHIBIT A 

FORM OF 
 2020 SERIES D
FLOATING RATE SENIOR NOTE DUE 2023 
 [UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF [CEDE & CO.] OR SUCH OTHER NAME AS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND ANY PAYMENT IS MADE TO [CEDE & CO.], ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF,
[CEDE & CO.], HAS AN INTEREST HEREIN.]** 
 [THIS SERIES D SENIOR NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SERIES D SENIOR NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SERIES D SENIOR NOTE IN WHOLE OR IN
PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY SERIES D SENIOR NOTE AUTHENTICATED AND DELIVERED UPON REGISTRATION OF, TRANSFER
OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS SERIES D SENIOR NOTE SHALL BE A GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES.]** 
  

 
 DOMINION
ENERGY, INC. 
  
  

$                     

2020 SERIES D FLOATING RATE SENIOR NOTE DUE 2023 

No.
R-                                         
                                         
                                         
                                         
                        CUSIP No. 25746UDH9 

Dominion Energy, Inc. (formerly Dominion Resources, Inc.), a corporation duly organized and existing under the laws of Virginia (herein called
the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to [Cede & Co.]**, or registered assigns (the “Holder”), the principal sum
of                      Dollars
($                    ) on September 15, 2023 and to pay interest thereon from September 17, 2020 or from the most recent Interest
Payment Date to which interest has been paid or duly provided for, quarterly in arrears on March 15, June 15, September 15 and December 15 of each year, commencing on December 15, 2020, at a floating rate per annum determined by
Deutsche Bank Trust Company Americas, or its successors, as calculation agent (the “Calculation 
  

	**	 Insert in Global Securities. 

 
Agent”) in accordance with the procedures referred to herein, until the principal hereof is paid or made available for payment, provided that any principal, and any such installment of
interest, that is overdue shall bear interest at the then applicable interest rate (to the extent that the payment of such interest shall be legally enforceable), from the dates such amounts are due until they are paid or made available for payment,
and such interest shall be payable on demand. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture referred to on the reverse hereof, be paid to the Person in whose name
this Series D Senior Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest; provided that the interest payable at Stated Maturity or on a Redemption Date will be paid to the
Person to whom principal is payable. The Regular Record Date shall be the close of business on the Business Day preceding such Interest Payment Date; provided, that with respect to Series D Senior Notes that are not represented by one or more Global
Securities, the Regular Record Date shall be the close of business on the fifteenth (15th) calendar day (whether or not a Business Day) preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will
forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Series D Senior Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record
Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Series D Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other
lawful manner not inconsistent with the requirements of any securities exchange on which the Series D Senior Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 

The per annum interest rate on the Series D Senior Notes will be equal to the Three-Month LIBOR Rate plus 53 basis points (0.53%) (0.53%, the
“Margin”); provided that the per annum interest rate for the period from the Original Issue Date to the first LIBOR Rate Reset Date will be 0.77613% per annum (the “Initial Interest Rate”). The per annum interest rate shall be
reset on each LIBOR Rate Reset Date. 
 If any LIBOR Rate Reset Date falls on a day that is not a Business Day, the LIBOR Rate Reset Date
will be postponed to the next day that is a Business Day, except that if that Business Day is in the next succeeding calendar month, the LIBOR Rate Reset Date will be the next preceding Business Day. The interest rate in effect on any LIBOR Rate
Reset Date will be the applicable rate as reset on that date. The interest rate applicable to any other day will either be the Initial Interest Rate or the interest rate as reset on the immediately preceding LIBOR Rate Reset Date. Any percentage
resulting from any calculation of any interest rate for the Series D Senior Notes less than 0.00% will be deemed to be 0.00% (or 0.0000). 

By its acquisition of the Series D Senior Notes, each Holder (which, for these purposes, includes each beneficial owner) (i)
acknowledges, accepts, consents and agrees to be bound by the determination of the Three-Month LIBOR Rate or any component thereof by the Company or the Calculation Agent, including as may occur without any prior notice from the Company and without
the need for the Company to obtain any further consent from such Holder, (ii) waives any and all claims, in law and/or in equity, against the Trustee, the Paying Agent and the Calculation Agent for, agrees not to initiate a suit against the
Trustee, the Paying Agent and the Calculation Agent in respect of, and agrees that none of the Trustee, the Paying Agent or the Calculation Agent will be liable for, the determination of or the failure to determine any Three-Month LIBOR Rate and any
losses suffered in connection therewith. 

  
 2 

 Payments of interest on the Series D Senior Notes will include interest accrued to but
excluding the respective Interest Payment Dates. Interest payments for the Series D Senior Notes shall be computed and paid on the basis of the actual number of days in the relevant quarterly period (including the first day of the quarterly period
and excluding the last day of the quarterly period) divided by 360. If any Interest Payment Date, other than the Stated Maturity, falls on a day that is not a Business Day, the Interest Payment Date will be postponed to the next day that is a
Business Day, except that if that Business Day is in the next succeeding calendar month, the Interest Payment Date will be the immediately preceding Business Day. If the Stated Maturity falls on a day that is not a Business Day, the payment of
interest and principal will be made on the next succeeding Business Day, and no interest on such payment will accrue for the period from and after the Stated Maturity. 

Accrued interest on any Series D Senior Note will be calculated by multiplying the principal amount of the Senior Note by an accrued interest
factor. The accrued interest factor will be computed by adding the interest factors calculated for each day in the period for which interest is being paid. The interest factor for each day is computed by dividing the interest rate applicable to that
day by 360. 
 Payment of the principal and interest on the Series D Senior Notes shall be made at the office of the Paying Agent in such
coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Series D Senior Notes, or upon redemption or
repurchase being made upon surrender of such Series D Senior Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company,
(i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be
designated in writing to the Trustee at least sixteen (16) days prior to the date for payment by the Person entitled thereto. 

Notwithstanding the above, if the Company (or its Designee) determines on or prior to the relevant LIBOR Interest Determination Date that a
Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the Three-Month LIBOR Rate (or the then-current Benchmark, as applicable), then the provisions set forth in the paragraph below, which are referred
to as the benchmark transition provisions, will thereafter apply to all determinations of the rate of interest payable on the Series D Senior Notes. In accordance with the benchmark transition provisions, after a Benchmark Transition Event and its
related Benchmark Replacement Date have occurred, the amount of interest that will be payable for each interest period will be an annual rate equal to the sum of the Benchmark Replacement and the Margin. However, if the Company (or its Designee)
determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the then-current Benchmark, but for any reason the Benchmark Replacement has not been determined as of the relevant LIBOR Interest
Determination Date, the interest rate for the applicable interest period will be equal to the interest rate for the immediately preceding interest period, as determined by the Company (or its Designee). 

  
 3 

 If the Company (or its Designee) determines that a Benchmark Transition Event and its
related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any determination of the Benchmark on any date, the Benchmark Replacement will replace the then-current Benchmark for all purposes relating to the Series D
Senior Notes in respect of such determination on such date and all determinations on all subsequent dates. In connection with the implementation of a Benchmark Replacement, the Company (or its Designee) will have the right to make Benchmark
Replacement Conforming Changes from time to time. Any determination, decision or election that may be made by the Company (or its Designee) pursuant to this paragraph, including any determination with respect to tenor, rate or adjustment or of the
occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error, will
be made in the Company’s (or its Designee’s) sole discretion, and, notwithstanding anything to the contrary in the Indenture or the Series D Senior Notes, shall become effective without consent from the Holders of the Series D Senior Notes
or any other party. 
 Neither the Trustee nor the Calculation Agent will have any liability for any determination made by or on behalf of
the Company or its Designee in connection with a Benchmark Transition Event or a Benchmark Replacement. In no event shall the Calculation Agent be responsible for determining any substitute for the Three-Month LIBOR Rate, or for making any
adjustments to any alternative benchmark or spread thereon, the business day convention, interest determination dates or any other relevant methodology for calculating any such substitute or successor benchmark. In connection with the foregoing, the
Calculation Agent will be entitled to conclusively rely on any determinations made by the Company or its Designee and will have no liability for such actions taken at the direction of the Company. 

Reference is hereby made to the further provisions of this Series D Senior Note set forth on the reverse hereof, which further provisions
shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been
executed by the Trustee referred to on the reverse hereof by manual signature, this Series D Senior Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 4 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	DOMINION ENERGY, INC.

 
			
		
	By:	 	  

 
			
		
	Name:	 	  

 
			
		
	Title:	 	  

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein referred to in the within-mentioned
Indenture. 
  

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee

 
			
		
	By:	 	  

 
			
	      	 	Authorized Signatory

 
			
		
	Dated:	 	

  
 5 

 [REVERSE OF 2020 SERIES D FLOATING RATE SENIOR NOTE] 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be
issued in one or more series under an Indenture dated as of June 1, 2015 (the “Base Indenture”), between the Company and Deutsche Bank Trust Company Americas, as Trustee (the “Trustee”), as previously supplemented and as
further supplemented by a Twenty-First Supplemental Indenture dated as of September 1, 2020 (the “Twenty-First Supplemental Indenture” and, together with the Base Indenture, as it may be hereafter supplemented or amended from time to
time, the “Indenture,” which term shall have the meaning assigned to it in such instrument), by and between the Company and the Trustee, and reference is hereby made to the Indenture for a statement of the respective rights, limitations of
rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the
face hereof (the “Series D Senior Notes”) which is unlimited in aggregate principal amount. 
 The Series D Senior Notes are
redeemable, in whole or in part, at any time and from time to time in the manner and with the effect provided in the Indenture. 
 If an
Event of Default with respect to Series D Senior Notes shall occur and be continuing, the principal of the Series D Senior Notes may be declared due and payable in the manner and with the effect provided in the Indenture. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee for the series of Securities affected, with the consent of the Holders of a majority in
principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time
Outstanding, on behalf of the Holders of all Securities of such series, to waive certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Series D Senior Note shall be conclusive and binding
upon such Holder and upon all future Holders of this Series D Senior Note and of any Series D Senior Note issued upon the registration of transfer hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is
made upon this Series D Senior Note. 
 As provided in and subject to the provisions of the Indenture, the Holder of this Series D Senior
Note shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of
a continuing Event of Default with respect to the Series D Senior Notes, the Holders of not less than a majority in principal amount of the Series D Senior Notes at the time Outstanding shall have made written request to the Trustee to institute
proceedings in respect of such Event of Default as Trustee and offered the Trustee indemnity or security reasonably satisfactory to it, and the Trustee shall not have received from the Holders of a majority in principal amount of Series D Senior
Notes at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding for 

  
 6 

 
sixty (60) days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Series D Senior Note for the
enforcement of any payment of principal hereof or premium, if any, or interest hereon on or after the respective due dates expressed or provided for herein. 

No reference herein to the Indenture and no provision of this Series D Senior Note or of the Indenture shall alter or impair the obligation of
the Company, which is absolute and unconditional, to pay the principal of, premium, if any, and interest on this Series D Senior Note at the times, place and rate, and in the coin or currency, herein prescribed. 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Series D Senior Note is registrable in
the Security Register, upon surrender of this Series D Senior Note for registration of transfer at the office or agency of the Company in any place where the principal of, premium, if any, and interest on this Series D Senior Note are payable, duly
endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Series D
Senior Notes of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Series D Senior Notes are issuable only in registered form without coupons in denominations of $2,000 and any greater integral multiple of
$1,000. As provided in the Indenture and subject to certain limitations therein set forth, Series D Senior Notes are exchangeable for a like aggregate principal amount of Series D Senior Notes having the same Stated Maturity and of like tenor of any
authorized denominations as requested by the Holder upon surrender of the Series D Senior Note or Series D Senior Notes to be exchanged at the office or agency of the Company. 

No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of this Series D Senior Note for
registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Series D Senior Note be overdue,
and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 All terms used in this Series D
Senior Note that are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

  
 7 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according
to applicable laws or regulations: 
  

			
	TEN COM -	  	as tenants in common
		
	TEN ENT -	  	as tenants by the entireties
		
	JT TEN -	  	as joint tenants with rights of survivorship and not as tenants in common
		
	UNIF GIFT MIN ACT -	  	                                     
                        Custodian for
		  	(Cust)
		
		  	                                     
                       
		  	(Minor)
		
		  	Under Uniform Gifts to Minors Act of
		
		  	                                     
                       
		  	(State)
	
	Additional abbreviations may also be used though not on the above list.
	                                    
                                         
                                         
              

  
 8 

			
	 FOR VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto

		
	  
	 	.
	
	(please insert Social Security or other identifying number of assignee)
		
	  
	 	.
		
	  
	 	.
		
	  
	 	.
	
	 PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE OF ASSIGNEE

 
 the within Series D Senior Note and all rights thereunder, hereby irrevocably
constituting and appointing

		
	  
	 	.
		
	  
	 	.
		
	  
	 	.
		
	  
	 	.
		
	  
	 	.
		
	  
	 	.
	
	agent to transfer said Series D Senior Note on the books of the Company, with full power of substitution in the premises.

			
		
	Dated:
                                        
    ,         	 	
		
		 	
                   
                                         
                                         
     

	
	NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within instrument in every particular without alteration or enlargement, or any change whatever.

  
 9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00314-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00314-of-00352.parquet"}]]