Document:

First Amendment dated 23 February, 2010

 Exhibit 10.7 

EXECUTION COPY 

FIRST AMENDMENT dated as of February 23, 2010 (this “Amendment”), to the Credit Agreement dated as of
November 19, 2009 (the “Credit Agreement”), among SKYPE GLOBAL S.ÀR.L. (formerly known as Springboard Group S.àr.l.) (“Holdings”), SPRINGBOARD FINANCE, L.L.C. (the “Borrower”),
the Lenders from time to time party thereto (the “Lenders”), and JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity, the “Administrative Agent”). 

A. The Borrower has requested an amendment to the Credit Agreement that, among other things, (i) would increase the amount of Term
Loans to an aggregate principal amount of $775,000,000, comprised of (a) a tranche of Term Loans denominated in U.S. dollars in an aggregate principal amount of $591,332,500 (the “New Dollar Term Loans”) and (b) a tranche
of Term Loans denominated in Euros in an aggregate principal amount of €135,000,000 (the “Euro Term Loans” and, together with the New Dollar Term Loans, the “New Term Loans”) and (ii) would effect other
modifications to the Credit Agreement, as set forth herein. The aggregate principal amount of the New Term Loans in excess of the existing aggregate principal amount of the Term Loans (such existing Term Loans, the “Original Dollar Term
Loans”) is referred to herein as the “Incremental Term Loans”. 
 B. Each Person party hereto whose
name is set forth on Schedule 2.01 hereto under the heading “Dollar Term Lenders” (each such Person who is a Lender prior to the effectiveness of this Amendment, a “Continuing Dollar Term Lender”; each such Person who is
not a Continuing Dollar Term Lender, an “Additional Dollar Term Lender”; and each Continuing Dollar Term Lender and Additional Dollar Term Lender, a “New Dollar Term Lender”) has agreed to provide a Dollar Term
Commitment in an amount set forth opposite its name on such Schedule (or to convert its Original Dollar Term Loans in such principal amount into New Dollar Term Loans (such converted New Dollar Term Loans, the “Converted Dollar Term
Loans”)), and each Person party hereto whose name is set forth on Schedule 2.01 hereto under the heading “Euro Term Lenders” (each such Person who is a Lender prior to the effectiveness of this Amendment, a
“Continuing Euro Term Lender”; each such Person who is not a Continuing Euro Term Lender, an “Additional Euro Term Lender”; and each Continuing Euro Term Lender and each Additional Euro Term Lender, a “Euro
Term Lender”) has agreed to provide a Euro Term Loan Commitment in an amount set forth opposite its name on such Schedule (or to convert its Original Dollar Term Loans in such principal amount into Euro Term Loans (such converted Euro Term
Loans, the “Converted Euro Term Loans”, and any such conversion of Original Dollar Term Loans into New Dollar Term Loans or Euro Term Loans being referred to herein as a “Conversion”)). Any Lender prior to the
effectiveness of this Amendment who is not a New Dollar Term Lender or a Euro Term Lender is referred to herein as an “Exiting Lender”. 

C. In order to effect the foregoing, the Company and the other parties hereto desire to amend, as of the Amendment Effective Date, the
Credit Agreement and to enter into certain other agreements herein, in each case subject to the terms and conditions set forth herein. 

Accordingly, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto hereby agree as follows: 

 SECTION 1. Defined Terms. Capitalized terms used herein and not otherwise defined
herein have the meanings assigned to them in the Credit Agreement. 
 SECTION 2. Amendment of the Credit Agreement.
Effective as of the Amendment Effective Date: 
 (a) Each reference to “Springboard Group S.àr.l.” and
“Springboard Group S.àr.l. (formerly known as SLP III Cayman DS IV Holdings S.à r.l.)” in the Credit Agreement shall be amended to refer to “Skype Global S.àr.l. (formerly known as Springboard Group
S.àr.l.)”. 
 (b) The cover page to the Credit Agreement shall be amended to list Goldman Sachs Credit Partners
L.P., as “Joint Lead Arranger, Joint Bookrunner and Documentation Agent” in the appropriate location. 
 (c) The last
sentence in the definition of “Alternate Base Rate” in Section 1.01 of the Credit Agreement is amended to read in its entirety as follows: 

“Notwithstanding the foregoing, the Alternate Base Rate will be deemed to be 3.00% per annum if the Alternate Base Rate
calculated pursuant to the foregoing provisions would otherwise be less than 3.00% per annum.” 
 (d) Clause
(a) of the definition of “Applicable Rate” in Section 1.01 of the Credit Agreement is amended to read in its entirety as follows: 

“(a)(i) with respect to any Dollar Term Loan, (A) 4.00% per annum, in the case of an ABR Loan, or (B) 5.00% per
annum, in the case of a Eurocurrency Loan and (ii) with respect to any Euro Term Loan, (A) 4.50% in the case of an ABR Loan, or (B) 5.50% per annum, in the case of a Eurocurrency Loan, and”. 

(e) Clause (b) of the definition of “Applicable Rate” in Section 1.01 of the Credit Agreement is amended by:

 (i) replacing the text “ABR Loan or Eurocurrency Loan that is a Revolving Loan, the applicable rate per
annum set forth below under the caption “ABR Spread” or “Eurocurrency Spread”, as the case may be” with the following text: 

“ABR Loan or Eurocurrency Loan (other than a Term Loan) or any Base Rate Loan, the applicable rate per annum set forth below under
the caption “ABR Spread” or “Eurocurrency/Base Rate Spread”, as the case may be”; and 

(ii) adding after the text “Eurocurrency” in the first row in the chart therein, the text “/Base
Rate”. 
 (f) The definition of “Base Rate” in Section 1.01 of the Credit Agreement is amended by
adding at the end thereof the text “Notwithstanding the foregoing, the Base Rate with respect to Swingline Loans denominated in Euros or Sterling, will be deemed to be 2.00% per annum if the Base Rate determined pursuant to this definition
would otherwise be less than 2.00% per annum.” 
  

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 (g) the definition of “Class” in Section 1.01 of the Credit Agreement
is amended by: 
 (i) adding the text “Euro Term Loans,” before the text “Other Term Loans”
in clause (a) thereof; and 
 (ii) adding the text “, Euro Term Commitment” before the text
“or Other Term Commitment” in clause (b) thereof. 
 (h) Clause (a) in the definition of
“Commitment” in Section 1.01 of the Credit Agreement is amended by adding the text “Euro Term Commitment,” before the text “Other Term Commitment”. 

(i) The definition of “Dollar Term Commitment” in Section 1.01 of the Credit Agreement is amended and restated in
its entirety to read as follows: 
 “Dollar Term Commitment” means, with respect to each Lender, the
commitment, if any, of such Lender to make a Dollar Term Loan hereunder on the First Amendment Effective Date (including pursuant to a Conversion of Original Dollar Term Loans of such Lender), expressed as an amount representing the maximum
principal amount of the Dollar Term Loan to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by
or to such Lender pursuant to an Assignment and Assumption. The amount of each Lender’s Dollar Term Commitment as of the First Amendment Effective Date is set forth on Schedule 2.01 or in the Assignment and Assumption pursuant to which such
Lender shall have assumed its Dollar Term Commitment, as the case may be. 
 (j) The definition of “Dollar Term
Loans” in Section 1.01 of the Credit Agreement is amended in its entirety to read as follows: 
 “Dollar
Term Loans” means (a) Loans made pursuant to clause (a)(i) of Section 2.01 and (b) Converted Dollar Term Loans. 

(k) The definition of “Joint Bookrunners” in Section 1.01 of the Credit Agreement is amended by adding at the end
thereof the text “and, solely with respect to the Term Loans, Goldman Sachs Credit Partners L.P.”. 
 (l) The last
sentence in the definition of “LIBO Rate” in Section 1.01 of the Credit Agreement is amended to read in its entirety as follows: 

“Notwithstanding the foregoing, the LIBO Rate in respect of any applicable Interest Period will be deemed to be 2.00% per annum
if the LIBO Rate for such Interest Period calculated pursuant to the foregoing provisions would otherwise be less than 2.00% per annum.” 

(m) The definition of “Prepayment Event” in Section 1.01 of the Credit Agreement is amended by: 

(i) deleting clause (b) in its entirety; and 

 

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 (ii) re-designating clause (c) thereof as clause (b). 

(n) The definition of “Revolving Loan” in Section 1.01 of the Credit Agreement is amended to replace the text
“clause (c)” with “clause (b)”. 
 (o) The definition of “Revolving Maturity Date” in
Section 1.01 of the Credit Agreement is amended in its entirety to read as follows: 
 “Revolving Maturity
Date” means February 23, 2014.” 
 (p) The definition of “Security Documents” in
Section 1.01 of the Credit Agreement is amended by adding the text “, the Reaffirmation Agreement, each deed or letter of confirmation executed in connection with the First Amendment” after the text “Mortgages”. 

(q) The definition of “Term Commitments” in Section 1.01 of the Credit Agreement is amended by adding the text
“and the Euro Term Commitments” at the end thereof. 
 (r) The definition of “Term Lenders” in
Section 1.01 of the Credit Agreement is amended by adding the text “and the Euro Term Lenders” at the end thereof. 

(s) The definition of “Term Loans” in Section 1.01 of the Credit Agreement is amended by adding “and the Euro
Term Loans” at the end thereof. 
 (t) The definition of “Term Maturity Date” in Section 1.01 of the
Credit Agreement is amended in its entirety to read as follows: 
 “Term Maturity Date” means February 23,
2015. 
 (u) Section 1.01 of the Credit Agreement is further amended by adding the following definitions in the appropriate
alphabetical order: 
 “Additional Dollar Term Lender” has the meaning assigned to such term in the First
Amendment. 
 “Additional Euro Term Lender” has the meaning assigned to such term in the First Amendment.

 “Continuing Dollar Term Lender” has the meaning assigned to such term in the First Amendment. 

“Continuing Euro Term Lender” has the meaning assigned to such term in the First Amendment. 

“Conversion” has the meaning assigned to such term in the First Amendment. 

“Converted Dollar Term Loans” has the meaning assigned to such term in the First Amendment. 

 

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 “Converted Euro Term Loans” has the meaning assigned to such term in the
First Amendment. 
 “Euro Term Commitment” means, with respect to each Lender, the commitment, if any, of such
Lender to make a Euro Term Loan hereunder on the First Amendment Effective Date (including pursuant to a Conversion of Original Dollar Term Loans of such Lender), expressed as an amount representing the maximum principal amount of the Euro Term Loan
to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to an
Assignment and Assumption. The amount of each Lender’s Euro Term Commitment as of the First Amendment Effective Date is set forth on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender shall have assumed its
Euro Term Commitment, as the case may be. 
 “Euro Term Lender” means a Lender with a Euro Term Commitment or
an outstanding Euro Term Loan. 
 “Euro Term Loans” means (a) Loans made pursuant to clause (a)(ii)
of Section 2.01 and (b) Converted Euro Term Loans. 
 “First Amendment” means the First Amendment,
dated as of February 23, 2010, to this Agreement, among Holdings, the Borrower, the Lenders party thereto and the Administrative Agent. 

“First Amendment Effective Date” means the “Amendment Effective Date” as defined in the First Amendment.

 “Incremental Term Loans” has the meaning assigned to such term in the First Amendment. 

“Original Dollar Term Loans” has the meaning assigned to such term in the First Amendment. 

“Reaffirmation Agreement” means a Reaffirmation Agreement dated the First Amendment Effective Date, among Holdings, the
Borrower, certain Subsidiaries and the Administrative Agent, in form and substance reasonably acceptable to the Administrative Agent, as the same may be amended, restated, supplemented or otherwise modified from time to time. 

“Repricing Prepayment” means, with respect to any Term Lender following the First Amendment Effective Date, the amount
of principal of the Term Loans of such Lender that is prepaid by the Borrower pursuant to Section 2.11 substantially concurrently with the incurrence by Holdings, the Borrower or any Subsidiary of new loans or other Indebtedness incurred for
the primary purpose of repaying, refinancing, substituting or replacing the Term Loans of any Class, in whole or in part, and having an effective interest cost or weighted average yield (as determined by the Administrative Agent consistent with
generally accepted financial practice) that is less than the Applicable Rate for or weighted average yield (as determined by the Administrative Agent on the same basis) of the Term Loans of such Class, including without limitation, as may be
effected through any new or additional loans under this Agreement or by an 
  

 5 

 
amendment of any provisions of this Agreement relating to the Applicable Rate for, or weighted average yield of, the Term Loans of such Class (which shall, for purposes of this definition, be
deemed a Repricing Prepayment in respect of such Term Loans of such Class). 
 “Seller Note Repayment” means
(a) the prepayment in full of the Seller Note (including any unpaid interest accrued thereon) with the proceeds of the Incremental Term Loans and cash on hand of the Target Group and (b) the payment of a dividend by the Borrower to the
Seller Note Issuer in an amount necessary to provide the Seller Note Issuer with funds sufficient to effect such repayment, in each case as contemplated by the First Amendment. Following such prepayment in clause (a), the Seller Note shall be
terminated and references to Permitted Refinancing of the Seller Note in this Agreement and references to the Seller Note Issuer in the definition of Change in Control and IPO Entity and in Sections 5.04 and 6.03 shall be deemed deleted and shall no
longer apply. 
 (v) Clause (a) of Section 2.01 of the Credit Agreement is amended in its entirety to read as follows:

 “(a)(i) to make (including pursuant to a Conversion) a Dollar Term Loan to the Borrower on the First Amendment Effective
Date denominated in dollars in a principal amount not exceeding its Dollar Term Commitment and (ii) to make (including pursuant to a Conversion) a Euro Term Loan to the Borrower on the First Amendment Effective Date denominated in Euro in a
principal amount not exceeding its Euro Term Commitment and”; 
 (w) Clause (b)(i) of Section 2.03 of the Credit
Agreement is hereby amended in its entirety to read as follows: 
 “whether the requested Borrowing is to be a Revolving
Borrowing, a Dollar Term Borrowing, a Euro Term Borrowing or a Borrowing of any other Class (specifying the Class thereof);” 

(x) Clause (i) of Section 2.08(a) of the Credit Agreement is hereby amended in its entirety to read as follows: 

“(i) the Dollar Term Commitments and Euro Term Commitments shall terminate at 5:00 p.m., New York City time, on the First
Amendment Effective Date and”. 
 (y) Clause (a) of Section 2.10 of the Credit Agreement is hereby amended in its
entirety to read as follows: 
 “(a)(i) Subject to adjustment pursuant to paragraph (c) of this Section, the Borrower
shall repay Dollar Term Borrowings denominated in dollars on each date set forth below in the principal amount of Dollar Term Loans equal to (A) the aggregate outstanding principal amount of Dollar Term Loans immediately after closing on the
First Amendment Effective Date multiplied by (B) the percentage set forth below opposite such date: 
  

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	 Date
	  	Dollar Term Loan
Repayment Amount
	 June 30, 2010
	  	1.25%
	 September 30, 2010
	  	1.25%
	 December 31, 2010
	  	1.25%
	 March 31, 2011
	  	1.25%
	 June 30, 2011
	  	1.25%
	 September 30, 2011
	  	1.25%
	 December 30, 2011
	  	1.25%
	 March 30, 2012
	  	1.25%
	 June 29, 2012
	  	1.25%
	 September 28, 2012
	  	1.25%
	 December 31, 2012
	  	1.25%
	 March 29, 2013
	  	1.25%
	 June 28, 2013
	  	2.50%
	 September 30, 2013
	  	2.50%
	 December 30, 2013
	  	2.50%
	 March 31, 2014
	  	2.50%
	 June 30, 2014
	  	18.75%
	 September 30, 2014
	  	18.75%
	 December 31, 2014
	  	18.75%
	 Term Maturity Date
	  	18.75%

 (ii) Subject to
adjustment pursuant to paragraph (c) of this Section, the Borrower shall repay Euro Term Borrowings denominated in euro on each date set forth below in the principal amount of Euro Term Loans equal to (A) the aggregate outstanding
principal amount of Euro Term Loans immediately after closing on the First Amendment Effective Date multiplied by (B) the percentage set forth below opposite such date: 

 

			
	 Date
	  	Euro Term Loan
Repayment Amount
	 June 30, 2010
	  	1.25%
	 September 30, 2010
	  	1.25%
	 December 31, 2010
	  	1.25%
	 March 31, 2011
	  	1.25%
	 June 30, 2011
	  	1.25%
	 September 30, 2011
	  	1.25%
	 December 30, 2011
	  	1.25%
	 March 30, 2012
	  	1.25%
	 June 29, 2012
	  	1.25%
	 September 28, 2012
	  	1.25%
	 December 31, 2012
	  	1.25%
	 March 29, 2013
	  	1.25%
	 June 28, 2013
	  	2.50%
	 September 30, 2013
	  	2.50%

  

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	 Date
	  	Euro Term Loan
Repayment Amount
	 December 30, 2013
	  	2.50%
	 March 31, 2014
	  	2.50%
	 June 30, 2014
	  	18.75%
	 September 30, 2014
	  	18.75%
	 December 31, 2014
	  	18.75%
	 Term Maturity Date
	  	18.75%

 (z)
Section 2.11(c) of the Credit Agreement is amended by: 
 (i) replacing the text “clause (c)” with
the text “clause (b)”; and 
 (ii) deleting the text “(i) in the case of a Prepayment Event
described in clause (b) of the definition of the term “Prepayment Event”, 50% of the amount of such Net Proceeds and (ii) in the case of all other Prepayment Events,”. 

(aa) The second sentence of Section 2.11(e) of the Credit Agreement is amended in its entirety to read as follows: 

“In the event of any mandatory prepayment of Term Borrowings made at a time when Term Loan Borrowings of more than one Class remain
outstanding, the Borrower shall select Term Loan Borrowings to be prepaid so that the aggregate amount of such prepayment is allocated between Dollar Term Loan Borrowings and Euro Term Loan Borrowings (and, to the extent provided in the Refinancing
Amendment for any Class of Other Term Loans, the Borrowings of such Class) pro rata based on the aggregate principal amount of outstanding Borrowings of each such Class, provided that any Term Lender (and, to the extent provided in the
Refinancing Amendment for any Class of Other Term Loans, any Lender that holds Other Term Loans of such Class) may elect, by notice to the Administrative Agent by telephone (confirmed by facsimile) at least one Business Day prior to the prepayment
date, to decline all or any portion of any prepayment of its Term Loans or Other Term Loans of any such Class pursuant to this Section (other than an optional prepayment pursuant to paragraph (a) of this Section, which may not be declined), in
which case the aggregate amount of the prepayment that would have been applied to prepay Term Loans or Other Term Loans of any such Class but was so declined shall be retained by the Borrower.” 

(bb) Article II of the Credit Agreement is amended by adding at the end thereof a new Section 2.23 as follows: 

“SECTION 2.23. Term Loan Repricing Protection. In the event that, prior to the first anniversary of the First Amendment
Effective Date, any Term Lender receives a Repricing Prepayment, then, at the time thereof, the Borrower shall pay to such Term Lender a prepayment premium equal to 1.0% of the amount of such Refinancing Prepayment.” 

(cc) Section 5.10 of the Credit Agreement is amended and restated in its entirety to read as follows: 

 

 8 

 “SECTION 5.10. Use of Proceeds and Letters of Credit. The proceeds of the Term
Loans, together with cash on hand of the Target Group, will be used on the First Amendment Effective Date to repay in full the Original Dollar Term Loans outstanding on such date (after giving effect to any Conversions thereof), including payment of
all unpaid fees or interest accrued with respect thereto, and to consummate the Seller Note Repayment. The proceeds of Revolving Loans drawn on the Effective Date were used to pay the Transaction Costs (including any upfront fees payable in respect
of the Term Loans on the Effective Date). The proceeds of the Revolving Loans and Swingline Loans drawn after the Effective Date will be used only for general corporate purposes (including Permitted Acquisitions). Letters of Credit will be used only
for general corporate purposes.” 
 (dd) Section 5.13 of the Credit Agreement is amended by adding at the beginning
thereof the text “Prior to the Seller Note Repayment,” and by adding at the end thereof the text “For the avoidance of doubt, upon consummation of the Seller Note Repayment, the provisions of this Section shall no longer remain in
effect for purposes of this Agreement or any other Loan Document”. 
 (ee) Section 6.03(d) of the Credit Agreement is
amended by: 
 (i) adding after the text “Permitted Investments” therein, the text “, loans and
advances made by Holdings or any Intermediate Parent under Section 6.04(b)”; and 
 (ii) deleting the
text “and, in the case of any Intermediate Parent,” therein. 
 (ff) The proviso at the end of
Section 6.04(b)(ii) of the Credit Agreement is amended by adding after the text “loans and advances” therein, the text “made in cash to such Person”. 

(gg) The proviso at the end of Section 6.05 of the Credit Agreement is amended by adding after the text “6.05(c)” the text
“, 6.05(d)”. 
 (hh) Section 6.08(a) of the Credit Agreement is amended by: 

(i) adding the text “but not including any loans or advances made pursuant to Section 6.04(b)” at the end
of the first parenthetical in clause (vii)(E)(B)(1) thereof; 
 (ii) deleting “and” from the end of
clause (viii) thereof and replacing the “.” at the end of clause (ix) with “; and”; and 

(iii) adding a new clause (x) at the end thereof as follows: 

“(x) Restricted Payments made by the Borrower to the Seller Note Issuer on the First Amendment Effective Date to consummate the
Seller Note Repayment.” 
 (ii) Section 6.08(b) of the Credit Agreement is amended by: 

(i) deleting “and” from the end of clause (iii) thereof and replacing the “.” at the end of
clause (iv) with “; and”; and 
  

 9 

 (ii) adding a new clause (v) at the end thereof as follows: 

“(v) payments made by the Seller Note Issuer on the First Amendment Effective Date to consummate the Seller Note Repayment.”

 (jj) Paragraph (o) of Section 7.01 of the Credit Agreement is amended by adding at the beginning thereof the text
“prior to the Seller Note Repayment,” and by adding at the end thereof the text “(for the avoidance of doubt, upon consummation of the Seller Note Repayment, the provisions of this paragraph shall no longer remain in effect for
purposes of this Agreement or any other Loan Document)”. 
 (kk) The last paragraph of Article VIII of the Credit Agreement
is amended by adding at the end thereof the text “, including under Section 9.03, fully as if named as an indemnitee or indemnified person therein and irrespective of whether the indemnified losses, claims, damages, liabilities and/or
related expenses arise out of, in connection with or as a result of matters arising prior to, on or after the effective date of any Loan Document”. 

(ll) Section 9.04(g) of the Credit Agreement is amended by deleting the text “(i)” and “and” at the end of
clause (i) and deleting clause (ii) thereof in its entirety. 
 (mm) Schedule 2.01 to the Credit Agreement is
hereby amended and restated in its entirety to reflect the information in Schedule 2.01 attached hereto. 
 SECTION 3.
Concerning the Term Lenders. (a) On the Amendment Effective Date, each Additional Dollar Term Lender shall become a Lender under the Credit Agreement and shall have all the rights and obligations of a Lender holding a Dollar Term Loan
Commitment (or, following the making of a New Dollar Term Loan, such New Dollar Term Loan) thereunder. Without limiting the foregoing, each Additional Dollar Term Lender shall have a Dollar Term Loan Commitment under the Credit Agreement in an
amount set forth opposite its name under the heading “Dollar Term Lenders” on Schedule 2.01 hereto. 
 (b) On the
Amendment Effective Date, each Continuing Dollar Term Lender shall continue to be a Lender under the Credit Agreement and shall (i) fund New Dollar Term Loans or (ii) if such Lender has given the Administrative Agent at least two Business
Days’ notice that it desires to convert all or a portion of its Original Dollar Term Loans into Converted Dollar Term Loans, Convert Original Dollar Term Loans into New Dollar Term Loans in a principal amount equal to all or such portion of its
Original Dollar Term Loans (or in such lesser principal amount as set forth for such Lender on Schedule 2.01 attached hereto), so that the aggregate principal amounts of such funded New Dollar Term Loans and Converted Dollar Term Loans equals the
Dollar Term Loan Commitment of such Lender. Without limiting the foregoing, each Continuing Dollar Term Lender shall have a commitment to fund New Dollar Term Loans or acquire by Conversion Converted Dollar Term Loans in the amounts set forth
opposite its name under the heading “Dollar Term Lenders” on Schedule 2.01 hereto. Each party hereto acknowledges and agrees that notwithstanding any such Conversion, each such Continuing Dollar Term Lender shall be entitled to receive
payment on the Amendment Effective Date of the unpaid fees and interest accrued to such date with respect to all its Original Dollar Term Loans. 
  

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 (c) On the Amendment Effective Date, each Additional Euro Term Lender shall become a Lender
under the Credit Agreement as amended by this Amendment and shall have all the rights and obligations of a Lender holding a Euro Term Loan Commitment (or, following the making of a Euro Term Loan, such Euro Term Loan) thereunder. Without limiting
the foregoing, each Euro Term Lender shall have a Euro Term Loan Commitment under the Credit Agreement as amended by this Amendment in an amount set forth opposite its name under the heading “Euro Term Lenders” on Schedule 2.01 to the
Credit Agreement. 
 (d) On the Amendment Effective Date, each Continuing Euro Term Lender shall continue to be a Lender under
the Credit Agreement and shall (i) fund Euro Term Loans or (ii) if such Lender has given the Administrative Agent at least two Business Days’ notice that it desires to convert all or a portion of its Original Dollar Term Loans into
Euro Term Loans, Convert Original Dollar Term Loans into Euro Term Loans in a principal amount equal to all or such portion of its Original Dollar Term Loans (or in such lesser principal amount as set forth for such Lender on Schedule 2.01 attached
hereto), so that the aggregate principal amounts of such funded Euro Term Loans and Converted Euro Term Loans equals the Euro Term Loan Commitment of such Lender. Without limiting the foregoing, each Continuing Euro Term Lender shall have a
commitment to fund Euro Term Loans or acquire by Conversion Converted Euro Term Loans in the amounts set forth opposite its name under the heading “Euro Term Lenders” on Schedule 2.01 hereto. For purposes of converting a Continuing Euro
Term Lender’s Original Dollar Term Loans into Converted Euro Term Loans, the exchange rate in effect one Business Day prior to the Amendment Effective Date shall apply. Each party hereto acknowledges and agrees that notwithstanding any such
Conversion, each such Continuing Euro Term Lender shall be entitled to receive payment on the Amendment Effective date of the unpaid fees and interest accrued to such date with respect to all its Original Dollar Term Loans. 

(e) Each New Dollar Term Lender and Euro Term Lender that holds any Original Dollar Term Loans outstanding on the Amendment Effective
Date immediately prior to the consummation of the transactions contemplated by this Amendment hereby waives any right to compensation from the Borrower for losses, expenses or liabilities incurred by such Lender to which it may otherwise have been
entitled pursuant to Section 2.16 of the Credit Agreement in respect of the transactions contemplated hereby. 
 (f) The
Original Dollar Term Loans of each Continuing Dollar Term Lender and Continuing Euro Term Lender (to the extent not Converted pursuant to this Section) and the Original Dollar Term Loans of each Exiting Lender shall, immediately upon the
effectiveness of this Amendment be repaid in full (together with any unpaid fees and interest accrued thereon) with the proceeds of the New Dollar Term Loans, the Euro Term Loans and other funds available to the Borrower (it being understood and
agreed that the Borrower shall convert proceeds of Euro Term Loans into U.S. dollars to the extent necessary to provide for such payment in U.S. dollars). The Administrative Agent hereby waives the requirement that the Borrower provide advance
notice of such repayment pursuant to Section 2.08(c). The Borrower shall, on the Amendment Effective Date, pay to the Administrative Agent, for the accounts of the Continuing Dollar Term Lenders and Continuing Euro Term Lenders, all interest
and fees accrued to the Amendment Effective Date with respect to the Original Dollar Term Loans, whether or not such Original Dollar Term Loans are converted pursuant to this Section. 

 

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 SECTION 4. Certain Other Agreements. (a) The Lenders party hereto waive, solely
in respect of the prepayment of the Original Dollar Term Loans and the making of or conversion of Original Dollar Term Loans into the New Dollar Term Loans and the Euro Term Loans as contemplated hereby, compliance with (i) the requirement set
forth in Section 2.11(f) of the Credit Agreement that the Borrower give prior notice of a voluntary prepayment of Loans within the time periods specified therein and (ii) the requirement set forth in Section 2.03 of the Credit
Agreement that the Borrower deliver a Borrowing Request within the time periods specified therein. 
 (b) Each Lender, by
delivering its signature page to this Amendment and funding or converting its Loans on the Amendment Effective Date shall be deemed to have acknowledged receipt of, and consented to and approved, each Loan Document and each other document required
to be delivered to, or be approved by or satisfactory to, the Administrative Agent or the Lenders on the Amendment Effective Date. 

SECTION 5. Representations and Warranties. To induce the other parties hereto to enter into this Amendment, each of Holdings and
the Borrower represents and warrants to each other party hereto that, as of the Amendment Effective Date: 
 (a) This Amendment
has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other
laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

(b) The representations and warranties of each Loan Party set forth in the Loan Documents are, after giving effect to this Amendment,
true and correct in all material respects on and as of the Amendment Effective Date with the same effect as though made on and as of the Amendment Effective Date, except to the extent such representations and warranties expressly relate to an
earlier date (in which case such representations and warranties were true and correct in all material respects as of such earlier date). 

(c) After giving effect to this Amendment and the transactions contemplated hereby, no Default or Event of Default has occurred and is
continuing. 
 (d) Immediately after the consummation of the transactions contemplated under this Amendment to occur on the
Amendment Effective Date, after taking into account all applicable rights of indemnity and contribution, (a) the fair value of the assets of Holdings and the Subsidiaries, taken as a whole, at a fair valuation, will exceed their debts and
liabilities, subordinated, contingent or otherwise, (b) the present fair saleable value of the property of Holdings and the Subsidiaries, taken as a whole, will be greater than the amount that will be required to pay the probable liability of
their debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured, (c) Holdings and the Subsidiaries, taken as a whole, will be able to pay their debts and liabilities,
subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured, and (d) Holdings and the Subsidiaries, taken as a whole, will not have unreasonably small capital with which to conduct the business in which they
are engaged as such business is now conducted 
  

 12 

 
and is proposed to be conducted following the Amendment Effective Date. For purposes of this Section 5(d), the amount of any contingent liability at any time shall be computed as the amount
that, in the light of all of the facts and circumstances existing at such time, represents the amount that could reasonably be expected to become an actual or matured liability. 

SECTION 6. Effectiveness. (a) This Amendment shall become effective as of the first date (the “Amendment Effective
Date”) on which each of the following conditions shall have been satisfied: 
 (i) The Borrower shall
have delivered to the Administrative Agent a notice of prepayment with respect to the Original Dollar Term Loans on or prior to the Amendment Effective Date prior to the consummation of the transactions contemplated hereby and a Borrowing Request
with respect to the New Dollar Term Loans and Euro Term Loans on or prior to one Business Day prior to the Amendment Effective Date; 

(ii) The Administrative Agent shall have received duly executed counterparts hereof that, when taken together, bear the
signatures of Holdings, the Borrower, each New Dollar Term Lender, each Euro Term Lender, each Revolving Lender, each Issuing Bank, each Swingline Lender and the Administrative Agent; 

(iii) The conditions set forth in Section 4.02(a) and (b) of the Credit Agreement shall be satisfied on and as
of the Amendment Effective Date, and the Administrative Agent shall have received a certificate of a Responsible Officer of Holdings, dated the Amendment Effective Date, to such effect; 

(iv) The Administrative Agent shall have received a written legal opinion of Simpson Thacher & Bartlett LLP, New
York counsel to the Loan Parties, and each other foreign counsel of the Loan Parties or the Administrative Agent set forth in Annex A, in each case addressed to the Lenders as of the Amendment Effective Date after giving effect to this Amendment and
the Conversion (including the Additional Dollar Term Lenders and the Additional Euro Term Lenders), the Administrative Agent, each Swingline Lender and each Issuing Bank dated the Amendment Effective Date, substantially the same as the opinions
delivered in connection with the Credit Agreement, modified, however, (i) to address this Amendment, the Credit Agreement as amended by this Amendment and the other Loan Documents and security interests thereunder as the Administrative Agent
may reasonably request and (ii) to reflect changes to such legal opinions resulting from a change in law, change in fact or change to counsels’ form of opinion), which opinions shall be reasonably satisfactory to the Administrative Agent.
Each of Holdings and the Borrower hereby requests such counsel to deliver such opinions; 
 (v) The
Administrative Agent shall have received (i) a copy of each Organizational Document of each Loan Party certified, to the extent applicable, as of a recent date by the applicable Governmental Authority, or, if reasonably acceptable to the
Administrative Agent, a certification by a Responsible Officer that the applicable Organizational Documents delivered in connection with the initial funding 

 

 13 

 
on the Effective Date remain in full force and effect and have not been amended, modified, revoked or rescinded since the Effective Date (ii) signature and incumbency certificates of the
Responsible Officers of each Loan Party, substantially in the form of the closing certificates delivered in connection with the Credit Agreement, certifying as to the incumbency and specimen signature of each officer executing this Amendment, the
Reaffirmation Agreement, the other Loan Documents and any other documents delivered in connection herewith on behalf of each such Loan Party, (iii) a copy of resolutions of the board of directors and/or similar governing bodies of each Loan
Party approving and authorizing the execution, delivery and performance of the Loan Documents to which it is a party, certified as of the Amendment Effective Date by its secretary, an assistant secretary or a Responsible Officer as being in full
force and effect without modification or amendment and (iv) a copy of a good standing certificate (to the extent such concept exists) from the applicable Governmental Authority of each Loan Party’s jurisdiction of incorporation,
organization or formation; 
 (vi) The Administrative Agent shall have received a certificate from a Financial
Officer certifying as to the solvency of Holdings and the Subsidiaries on a consolidated basis after giving effect to the transactions contemplated in this Amendment; 

(vii) The representations and warranties of Holdings and the Borrower set forth in Section 5 hereof shall be true and
correct in all material respects as of the Amendment Effective Date (provided that any representation and warranty that is qualified as to “materiality,” shall be true and correct in all respects on the date hereof or on such
earlier date, as the case may be), and the Administrative Agent shall have received a certificate, dated the Amendment Effective Date and signed by a Responsible Officer of Holdings, confirming the accuracy thereof, which shall be in form and
substance reasonably satisfactory to the Administrative Agent; 
 (viii) Each Loan Party shall have entered into
the Reaffirmation Agreement; 
 (ix) The Administrative Agent shall have received duly executed counterparts to
such guarantees and security agreements or amendments thereof as may be reasonably necessary to satisfy the Collateral and Guarantee Requirement and to ensure that the collateral and guarantee arrangements under the Security Documents apply to and
secure the obligations in respect of the New Term Loans; 
 (x) The Borrower shall have paid in full, or
substantially concurrently with the satisfaction of the other conditions precedent set forth in this Section shall pay in full (i) all of the Original Dollar Term Loans outstanding on the Amendment Effective Date immediately prior to the
consummation of the transactions contemplated by this Agreement (but giving effect to any Conversions thereof), (ii) all accrued and unpaid fees and interest with respect to the Original Dollar Term Loans (including any such Term Loans that
will be Converted on the Amendment Effective Date), and (iii) to the extent invoiced at least one Business Day prior to the 

 

 14 

 
Amendment Effective Date, any amounts payable to Exiting Lenders pursuant to Section 2.16 of the Credit Agreement; 

(xi) The Borrower shall have paid, or substantially concurrently with the satisfaction of the other conditions precedent
set forth in this Section shall pay, a dividend in an amount equal to the amount necessary to repay the Seller Note in full (including unpaid interest accrued thereon) to the Seller Note Issuer, and the Seller Note Issuer shall have repaid the
Seller Note in full, or arrangements reasonably satisfactory to the Administrative Agent shall be in place for such repayment substantially concurrently with the satisfaction of the other conditions precedent set forth in this Section, such dividend
and payment to be funded with the cash proceeds of the Incremental Term Loans, together with cash on hand of the Target Group; 

(xii) The Administrative Agent shall have received payment from the Borrower, (A) for the account of each New Dollar
Term Lender that executes and delivers a counterpart signature page to this Amendment an upfront fee (the “Dollar Term Loan Amendment Fee”) in an aggregate amount equal to 1.00% of the aggregate principal amount of the New Dollar
Term Loans of such New Dollar Term Lender that will be outstanding on the Amendment Effective Date immediately after the effectiveness of this Amendment and (B) for the account of each Euro Term Lender that executes and delivers a counterpart
signature page to this Amendment an upfront fee (together with the Dollar Term Loan Amendment Fee, the “Amendment Fees”) in an aggregate amount equal to 1.50% of the aggregate principal amount of the Euro Term Loans of such Euro
Term Lender that will be outstanding on the Amendment Effective Date immediately after the effectiveness of this Amendment. The Amendment Fees shall be payable in immediately available funds and, once paid, no portion of such fee will be refundable;
and 
 (xiii) The Company shall have paid all fees and other amounts due and payable pursuant to this Amendment
and the Engagement Letter dated as of February 4, 2010, including, to the extent invoiced at least two Business Days prior to the Amendment Effective Date, reimbursement or payment of reasonable and documented out-of-pocket expenses in
connection with this Amendment and any other out-of-pocket expenses of the Administrative Agent required to be paid or reimbursed pursuant to the Credit Agreement, including the reasonable and documented fees, charges and disbursements of counsel
for the Administrative Agent. 
 (b) The Administrative Agent shall notify the Borrowers and the Lenders (including the New
Dollar Term Lenders and New Euro Term Lenders) of the Amendment Effective Date and such notice shall be conclusive and binding. Notwithstanding the foregoing, this Amendment shall not become effective, and the obligations of the Lenders to make,
fund or convert Loans as provided for herein will automatically terminate, if each of the conditions set forth or referred to in this Section 6 has not been satisfied at or prior to 5:00 p.m., New York City time, on February 23, 2010
(it being understood that any such failure of this Amendment to become effective will not affect any rights or obligations of any Person under the existing Credit Agreement). 

 

 15 

 SECTION 7. Effect of Amendment. (a) Except as expressly set forth herein, this
Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Agents under the existing Credit Agreement or any other Loan Document, and shall not alter,
modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the existing Credit Agreement or any other provision of the existing Credit Agreement or of any other Loan Document, all of which are
ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle the Borrowers to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions,
obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances. 

(b) On and after the Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”,
“hereunder”, “hereof”, “herein”, or words of like import, and each reference to the Credit Agreement in any other Loan Document shall be deemed a reference to the Credit Agreement as amended hereby. Insofar as it
provides for the New Term Loans, this Amendment constitutes a Refinancing Amendment contemplated by Section 2.21 of the Credit Agreement. This Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and
the other Loan Documents. 
 SECTION 8. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK. 
 SECTION 9. Costs and Expenses. The Company agrees to reimburse the
Administrative Agent for its reasonable and documented out-of-pocket expenses in connection with this Amendment to the extent required pursuant to Section 9.03 of the Credit Agreement. 

SECTION 10. Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument. Delivery by facsimile or other electronic imaging means of an executed counterpart of a signature page to this Amendment shall be effective as delivery of an original executed
counterpart of this Amendment. 
 SECTION 11. Headings. Section headings herein are included for convenience of
reference only and shall not affect the interpretation of this Amendment. 
 [Remainder of page intentionally
blank.] 
  

 16 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by
their duly authorized officers, all as of the date and year first above written. 
  

					
	SKYPE GLOBAL S.ÀR.L. (FORMERLY KNOWN AS SPRINGBOARD GROUP S.ÀR.L.),
			
		 	by	 	
		 		 	 /s/    LAURA SHESGREEN

		 		 	Name: Laura Shesgreen
		 		 	Title: Attorney
			
		 	by	 	
		 		 	 /s/    NORBERT BECKER

		 		 	Name: Norbert Becker
		 		 	Title: G.Manager
	
	 SPRINGBOARD FINANCE, L.L.C.,

			
		 	by	 	 Springboard Finance Holdco, L.L.C., as

sole Member

			
		 	by	 	Springboard Finance S.à.r.l., as sole Member
			
		 	by	 	
		 		 	 /s/    CHARLES STOOPS

		 		 	Name: Charles Stoops
		 		 	Title: A Manager

					
	 JPMORGAN CHASE BANK, N.A., as

Administrative Agent, Revolving Lender,

Swingline Lender and Issuing Bank,

			
		 	by	 	
		 		 	 /s/    PETER B. THAMER

		 		 	Name: Peter B. Thamer
		 		 	Title: Executive Director

			
	 BARCLAYS BANK PLC, as Revolving

Lender, Swingline Lender and Issuing Bank,

		
	by	 	
		 	 /s/    RITAM BHALLA

		 	Name: Ritam Bhalla
		 	Title: Vice President

			
	ROYAL BANK OF CANADA, as Revolving Lender, Swingline Lender and Issuing Bank,
		
	by	 	
		 	 /s/    MUSTAFA S. TOPLWALLA

		 	Name: Mustafa S. Toplwalla
		 	Title: Authorized signatory

 NEW DOLLAR TERM LENDER SIGNATURE 

PAGE TO FIRST AMENDMENT TO THE 

SKYPE GLOBAL S.ÀR.L. (FORMERLY 

KNOWN AS SPRINGBOARD GROUP S.ÀR.L.) 

CREDIT AGREEMENT, 

DATED AS OF NOVEMBER 19, 2009 
  

					
	Name of Institution: J.P. Morgan Whitefriars Inc.
			
		 	by	 	
		 		 	 /s/    VIRGINIA R. CONWAY

		 		 	Name: Virginia R. Conway
		 		 	Title: Attorney-in-Fact

  

					
	Name of Institution: SL Capital Appreciation Fund, LLC.
			
		 	by	 	
		 		 	 /s/    ROGER WITICH

		 		 	Name: Roger Witich
		 		 	Title: Managing Director

  

					
	Name of Institution: Paypal International Ltd.
			
		 	by	 	
		 		 	 /s/    JOHN CHRISTENSEN

		 		 	Name: John Christensen
		 		 	Title: Senior Director Assistant Treasurer

  

					
	Name of Institution: Paypal International Ltd.
			
		 	by	 	
		 		 	 /s/    GEORGE REDENBAUGH

		 		 	Name: George Redenbaugh
		 		 	Title: Senior Director Assistant Treasurer

  

					
	Name of Institution: Royal Mail Pension Plan
			
		 	by	 	Beach Point Capital Management LP as Investment Manager
		 		 	 /s/    SCOTT M. KLEIN

		 		 	Name: Scott M. Klein
		 		 	Title: Senior Portfolio Manager

  

 

					
	Name of Institution: Strichting Depositary Apg Fixed Income Credits Pool
			
		 	by	 	APG Asset Management US Inc.
		 		 	 Please see attached sheet

		 		 	Name: UNFILLED
		 		 	Title: UNFILLED

 

 

					
	Name of Institution: Lincoln S.à.r.l. Societe A Responsabilite Limitee
			
		 	by	 	Highbridge Leveraged Loan Partners Master Fund, L.P. as Portfolio Manager
			
		 	by	 	Highbridge Capital Management, LLC as Trading Manager
		 		 	 [ILLEGIBLE]

		 		 	Name: UNFILLED
		 		 	Title: UNFILLED

  

					
	Name of Institution: Post Total Return Master Fund, LP
			
		 	by	 	Beach Point Capital Management LP
		 		 	 /s/    SCOTT M. KLEIN

		 		 	Name: Scott M. Klein
		 		 	Title: Senior Portfolio Manager

  

					
	Name of Institution: Virginia Retirement System
			
		 	by	 	Beach Point Capital Management LP as Investment Manager
		 		 	 /s/    SCOTT M. KLEIN

		 		 	Name: Scott M. Klein
		 		 	Title: Senior Portfolio Manager

  

					
	Name of Institution: Chatham Asset High Yield Master Fund, Ltd.
			
		 	by	 	Chatham Asset Management, LLC Investment Advisor
		 		 	 /s/    KEVIN O’MALLEY

		 		 	Name: Kevin O’Malley
		 		 	Title: Member

  

					
	Name of Institution: New Mexico Educational Retirement Board
			
		 	by	 	 Beach Point Capital Management LP

as Investment Manager

		 		 	 /s/    SCOTT M. KLEIN

		 		 	Name: Scott M. Klein
		 		 	Title: Senior Portfolio Manager

  

					
	Name of Institution: Muzinich & Co. (Ireland) Limited for the account of Extrayield $ Loan Fund
			
		 	by	 	
		 		 	 /s/    MICHAEL LUDWIG

		 		 	Name: Michael Ludwig
		 		 	Title: Director

 

 

					
	Name of Institution: Associated British Foods Pension Scheme
			
		 	by	 	 Beach Point Capital Management LP

as Investment Manager

		 		 	 /s/    SCOTT M. KLEIN

		 		 	Name: Scott M. Klein
		 		 	Title: Senior Portfolio Manager

  

					
	Name of Institution: Beach Point Loan Master Fund, LP
			
		 	by	 	 Beach Point Capital Management LP

as Investment Manager

		 		 	 /s/    SCOTT M. KLEIN

		 		 	Name: Scott M. Klein
		 		 	Title: Senior Portfolio Manager

  

					
	Name of Institution: Institutional Bench Mark Series (Master Feeder) Ltd. Acting solely the respect of the Beach point distress security series
			
		 	by	 	 Beach Point Capital Management LP

as Investment Manager

		 		 	 /s/    SCOTT M. KLEIN

		 		 	Name: Scott M. Klein
		 		 	Title: Senior Portfolio Manager

  

					
	Name of Institution:
			
		 	by	 	
		 		 	 /s/    VARKKI P. CHACKO

		 		 	Name: Varkki P. Chacko
		 		 	 Title: Managing Principal

            Credit Capital Investments LLC

            On behalf of

            Teak Hill Master Fund LP

 

					
	Name of Institution: Venture VII CDO Limited By its investment advisor, MJX Asset Management LLC
			
		 	by	 	
		 		 	 /s/    MICHAEL G. REGAN

		 		 	Name: Michael G. Regan
		 		 	Title: Managing Director

  

					
	Name of Institution: Venture VIII CDO, Limited By its investment advisor, MJX Asset Management LLC
			
		 	by	 	
		 		 	 /s/    MICHAEL G. REGAN

		 		 	Name: Michael G. Regan
		 		 	Title: Managing Director

 

 

					
	Name of Institution: Muzinich & Co. (Ireland) Limited for the account of Extra yield Global Loan Fund
			
		 	by	 	
		 		 	 /s/    MICHAEL LUDWIG

		 		 	Name: Michael Ludwig
		 		 	Title: Director

  

					
	 Name of Institution: Venture V CDO Limited

By its Investment advisor,
 MJX Asset Management
LLC

			
		 	by	 	
		 		 	 /s/    MICHAEL G. REGAN

		 		 	Name: Michael G. Regan
		 		 	Title: Managing Director

  

					
	Name of Institution: Venture VI CDO, Limited By its investment advisor, MJX Asset Management LLC
			
		 	by	 	
		 		 	 /s/    MICHAEL G. REGAN

		 		 	Name: Michael G. Regan
		 		 	Title: Managing Director

  

					
	Name of Institution: Venture IX CDO, Limited By its investment advisor, MJX Asset Management LLC.
			
		 	by	 	
		 		 	 /S/    MICHAEL G.
REGAN

		 		 	Name: Michael G. Regan
		 		 	Title: Managing Director

  

					
	Name of Institution: JPMorgan Chase Bank, N.A.
			
		 	by	 	
		 		 	 /s/    PETER M. THAVER

		 		 	Name: Peter M. Thaver
		 		 	Title: Executive Director

  

					
	Liberty Mutual Insurance Company:
			
		 	by	 	
		 		 	 /s/    SHEILA FINNERTY

		 		 	Name: Sheila Finnerty
		 		 	Title: Vice President

  

					
	Employers Insurance Company of Wausau:
			
		 	by	 	
		 		 	 /s/    SHEILA FINNERTY

		 		 	Name: Sheila Finnerty
		 		 	Title: Vice President

 EURO TERM LENDER SIGNATURE PAGE TO 

FIRST AMENDMENT TO THE SKYPE GLOBAL 

S.ÀR.L. (FORMERLY KNOWN AS 

SPRINGBOARD GROUP S.ÀR.L.) CREDIT 

AGREEMENT, DATED AS OF 

NOVEMBER 19, 2009 
  

					
	Name of Institution: RFS INVESTMENTS LLC
			
		 	by	 	
		 		 	 /S/     DAYTONE
SVIDER

		 		 	Name: Daytone Svider
		 		 	Title: Member

  

					
	Name of Institution: JPMorgan Chase Bank, N.A.
			
		 	by	 	
		 		 	 /S/    PETER B.
THAMER

		 		 	Name: Peter B. Thamer
		 		 	Title: Executive Director

  

			
	STICHTING DEPOSITARY APG FIXED INCOME CREDITS POOL, as a Lender
	By: apg Asset Management US Inc.
		
	By:	 	 /s/    MICHAEL LEIVA

	 Name:
	 	Michael Leiva
	 Title:
	 	Portfolio Manager

 Schedule 2.01 

Dollar Term Lenders 
 Euro Term Lenders

 Annex A to First Amendment 

Legal Opinions 
 Irish
Counsel 
 A&L Goodbody, counsel to the Administrative Agent and the Lenders 

Arthur Cox, counsel to the Loan Parties 

Luxembourg Counsel 
 Elvinger,
Hoss & Prussen, counsel to the Administrative Agent and the Lenders 
 Elvinger, Hoss & Prussen, counsel to the Loan Parties

 Singapore Counsel 
 Herbert
Smith LLP, counsel to the Administrative Agent and the Lenders 
 Rajah & Tann LLP, counsel to the Loan Parties 

United Kingdom Counsel 
 Herbert Smith
LLP, counsel to the Administrative Agent and the LendersForm of Awards Agreement

 Exhibit No. (10)n 

KIMBERLY-CLARK CORPORATION 

NONQUALIFIED STOCK OPTION 

AWARD AGREEMENT 
 This
Award, granted on                     , by Kimberly-Clark Corporation, a Delaware corporation (hereinafter called the
“Corporation”), to                      (the “Employee”) is subject to the terms and conditions of the 2001 Equity
Participation Plan (the “Plan”) and this Award Agreement, including any country-specific terms and conditions contained in Appendix A to this Award Agreement. 

W I T N E S S E T H: 
 WHEREAS,
the Corporation has adopted the 2001 Equity Participation Plan (the “Plan”) to encourage those employees who materially contribute, by managerial, scientific or other innovative means, to the success of the Corporation or of an Affiliate,
to acquire an ownership interest in the Corporation, thereby increasing their motivation for and interest in the Corporation’s or the Affiliate’s long-term success; 

NOW, THEREFORE, it is agreed as follows: 
  

	1.	Number of Shares Optioned; Option Price. The Corporation grants to the Employee the right and option to purchase in his own name, on the terms and conditions
hereinafter set forth, all or any part of an aggregate of              shares of the $1.25 par value common stock of the Corporation, and at the purchase price of
$             per share, as granted on the date set forth above and as reflected on the Merrill Lynch Benefits OnLine site, or any successor system, via the Grant Summary screen as
the Options Granted and the Grant Price. This option shall not be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). 

 

	2.	Exercise of Option. 

  

	 	(a)	 Limitations on Exercise. This option shall be subject to forfeiture until the Employee becomes vested in such Awards according to the schedule
set forth below. This option shall not be exercisable until at least one year has expired after the granting of this option, during which time the Employee shall have been in the continuous employ of the Corporation or an Affiliate; provided,
however, that the option shall become exercisable immediately in the event of a Qualified Termination of Employment of the Employee, without regard to the limitations set forth below in this subsection. At any time during the period of this option
after the end of the first year, the Employee may purchase up to 30 percent of the shares covered by this option; after the end of the second year, an additional 30 percent; and after the end of the third year, the remaining 40 percent of the total
number of shares covered by the option, so that, upon the expiration of the third year, the Employee will have become entitled to purchase 

	 	 
all shares subject to this option; provided, however, that if the Employee’s employment is terminated for any reason other than death, Retirement, or Total and Permanent Disability, this
option shall only be exercisable for three months following such termination and only for the number of shares which were exercisable on the date of such termination. In no event, however, may this option be exercised more than ten (10) years
after the date of its grant. 

 The above provisions of Section 2(a) notwithstanding, to the extent
provided by rules of the Committee referred to in the Plan (hereinafter referred to as the “Committee”), this option is not exercisable during any period during which the Employee’s right to make deposits to the Kimberly-Clark
Corporation Salaried Employees Incentive Investment Plan is suspended pursuant to a provision of such plan or rules adopted thereunder to comply with regulations regarding hardship withdrawals promulgated by the Internal Revenue Service. 

A termination of employment shall not be deemed to have occurred while an Employee is on military leave or other bona fide leave of
absence if the period of such leave does not exceed six months, or if longer, so long as the Employee retains a right to reemployment with the Corporation or an Affiliate under an applicable statute or by contract. For purposes of this subparagraph,
a leave of absence constitutes a bona fide leave of absence only if there is a reasonable expectation that the Employee will return to perform services for the Corporation or an Affiliate. If the period of leave exceeds six months and the Employee
does not retain a right to reemployment under an applicable statute or by contract, the employment relationship is deemed to terminate on the first date immediately following such six-month period. Notwithstanding the foregoing sentence, where a
leave of absence is due to any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than six months, where such impairment causes the Employee to
be unable to perform the duties of his or her position of employment or any substantially similar position of employment, a 29-month period of absence is substituted for such six-month period in determining whether a termination of employment shall
be deemed to have occurred. A termination of employment with the Corporation or an Affiliate to accept immediate reemployment with the Corporation or an Affiliate likewise shall not be deemed to be a termination of employment for purposes of the
Plan. An Employee who is classified as an intermittent employee shall be deemed to have a termination of employment for purposes of the Plan. 
  

	 	(b)	Exercise after Death, Retirement, or Disability. If the Employee dies, Retires or becomes Totally and Permanently Disabled without having exercised this option
in full, the remaining portion of this option, determined without regard to the limitations in subsection 2(a), may be exercised within the earlier of (i) three years from the date of death or Total and Permanent Disability or five years from
the date of Retirement, as the case may be, or (ii) the remaining period of this option. In the case of an Employee who dies, this option may be exercised by the person or persons to whom the Employee’s rights under this option shall pass
by will or by applicable law or, if no such person has such rights, by his executor or administrator. 

  

 2 

 Notwithstanding the above, if the Corporation receives an opinion of counsel that there has
been a legal judgment and/or legal development in the Employee’s jurisdiction that likely would result in the favorable Retirement treatment that applies to this option pursuant to this subsection (b) being deemed unlawful and/or
discriminatory, then the Corporation will not apply the favorable Retirement treatment at the time of termination and this option will be treated as it would under the rules that apply if the Employee’s employment is terminated for reasons
other than death, Retirement or Total and Permanent Disability. 
  

	 	(c)	Method of Exercise. This option shall be exercised by delivering to Merrill Lynch, or other authorized agent of the Corporation, as set forth in their terms and
conditions of exercise, written notice of the number of shares with respect to which option rights are being exercised and by paying in full the option price of the shares at the time being acquired. Payment may be made in cash or, for U.S.
Employees only, in shares of the Corporation’s common stock as set forth in the terms and conditions of exercise. The date of exercise shall be deemed to be the date of receipt of the written notice and payment for the shares being purchased.
The Employee shall have none of the rights of a stockholder with respect to shares covered by such options until the Employee becomes record holder of such shares. 

 

	 	(d)	Payment of Withholding Taxes. No shares of common stock may be purchased under this option, unless prior to or simultaneously with such purchase, (i) the
Employee, (ii) in the event of his death, the person succeeding to his rights hereunder or, (iii) in the event of a transfer of an option under Section 8 hereof, either the Employee, the Immediate Family Members or the entity
succeeding to his rights hereunder, shall pay to the Corporation such amount as the Corporation advises is required under applicable federal, state or local laws to withhold and pay over to governmental taxing authorities by reason of the purchase
of such shares of common stock pursuant to this option. Other than a purchase of shares pursuant to an option which had previously been transferred under Section 8 hereof, payment of required withholding taxes may be made with shares of the
Corporation’s common stock which otherwise would be distributable upon exercise of the option, pursuant to the rules of the Committee. 

  

	3.	Nontransferability. Except as may otherwise be provided by the Committee, this option shall be transferable only by will or by the laws of descent and
distribution, and during the Employee’s lifetime shall be exercisable only by him. 

  

	4.	Compliance with Law. No shares of common stock may be purchased under this option, unless prior to the purchase thereof, the Corporation shall have received an
opinion of counsel to the effect that the issuance and sale of such shares by the Corporation to the Employee will not constitute a violation of the Securities Act of 1933, as amended. As a condition of exercise, the Employee shall, if requested by
the Corporation, submit a written statement in form satisfactory to counsel for the Corporation, to the effect that any shares of common stock purchased upon exercise of this option will be purchased for investment and not with a view to the
distribution thereof within the meaning of the Securities Act of 1933, as amended, and the Corporation shall have the right, in its discretion, to cause the certificates representing shares of common stock purchased hereunder to be appropriately
legended to refer to such undertaking or to any legal restrictions imposed upon the transferability thereof by reason of such undertaking. 

  

 3 

 The option granted hereby is subject to the condition that if the listing, registration or
qualification of the shares subject hereto on any securities exchange or under any state or federal law, or if the consent or approval of any regulatory body shall be necessary as a condition of, or in connection with, the granting of the option or
the delivery or purchase of shares thereunder, such option may not be exercised in whole or in part unless and until such listing, registration, qualification, consent or approval shall have been effected or obtained. The Corporation agrees to use
its best efforts to obtain any such requisite listing, registration, qualification, consent or approval. 
  

	5.	No Right of Continued Employment. The granting of this option does not confer upon the Employee any legal right to be continued in the employ of the Corporation
or its Affiliates, and the Corporation and its Affiliates reserve the right to discharge the Employee whenever the interest of the Corporation or its Affiliates may so require without liability to the Corporation or its Affiliates, the Board of
Directors of the Corporation or its Affiliates, or the Committee, except as to any rights which may be expressly conferred on the Employee under this option. 

 

	6.	Discretion of the Corporation, Board of Directors and the Committee. Any decision made or action taken by the Corporation or by the Board of Directors of the
Corporation or by the Committee arising out of or in connection with the construction, administration, interpretation and effect of this option shall be within the absolute discretion of the Corporation, the Board of Directors of the Corporation or
the Committee, as the case may be, and shall be conclusive and binding upon all persons. 

  

	7.	Amendments. The Committee may at any time alter or amend this option to the extent (1) permitted by law, (2) permitted by the rules of any stock
exchange on which the common stock or any other security of the Corporation is listed, (3) permitted under applicable provisions of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended (including rule 16b-3
thereof), and (4) that such action would not result in the disallowance of a deduction to the Corporation under section 162(m) of the Code or any successor section (including the rules and regulations promulgated thereunder). Notwithstanding
anything to the contrary contained herein, the Committee may not take any action that would result in any amount payable under this option qualifying as “applicable employee remuneration” as so defined for purposes of section 162(m) of the
Code. 

  

	8.	Inalienability of Benefits and Interest. This option and the rights and privileges conferred hereby shall not be subject in any manner to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance or charge, and any such attempted action shall be void and no such benefit or interest shall be in any manner liable for or subject to debts, contracts, liabilities, engagements, or torts
of the Employee. 

  

	9.	Delaware Law to Govern. All questions pertaining to the construction, interpretation, regulation, validity and effect of the provisions of this option shall be
determined in accordance with the laws of the State of Delaware. 

  

 4 

	10.	Purchase of Common Stock. The Corporation and its Affiliates may, but shall not be required to, purchase shares of common stock of the Corporation for purposes
of satisfying the requirements of this option. The Corporation and its Affiliates shall have no obligation to retain and shall have the unlimited right to sell or otherwise deal with for their own account, any shares of common stock of the
Corporation purchased for satisfying the requirements of this option. 

  

	11.	Notices. Any notice to be given to the Corporation under this option shall be addressed to the Corporation in care of its Treasurer located at the World
Headquarters, and any notice to be given to the Employee under the terms of this option may be addressed to him at his address as it appears on the Corporation’s records, or at such other address as either party may hereafter designate in
writing to the other. Any such notice shall be deemed to have been duly given if and when enclosed in a properly sealed envelope or wrapper addressed as aforesaid, registered and deposited, postage and registry fee prepaid, in a post office or
branch post office regularly maintained by the United States Government. 

  

	12.	Changes in Capitalization. In the event there are any changes in the common stock or the capitalization of the Corporation through a corporate transaction, such
as any merger, any acquisition through the issuance of capital stock of the Corporation, any consolidation, any separation of the Corporation (including a spin-off or other distribution of stock of the Corporation), any reorganization of the
Corporation (whether or not such reorganization comes within the definition of such term in section 368 of the Code), or any partial or complete liquidation by the Corporation, recapitalization, stock dividend, stock split or other change in the
corporate structure, appropriate adjustments and changes shall be made by the Committee in (a) the number of shares and the option price per share of stock subject to this option, and (b) such other provisions of this option as may be
necessary and equitable to carry out the foregoing purposes, provided, however that no such adjustment or change may be made to the extent that such adjustment or change will result in the disallowance of a deduction to the Corporation under section
162(m) of the Code or any successor section. 

  

	13.	Effect on Other Plans. All benefits under this option shall constitute special compensation and shall not affect the level of benefits provided to or received by
the Employee (or the Employee’s estate or beneficiaries) as part of any employee benefit plan of the Corporation or an Affiliate. This option shall not be construed to affect in any way the Employee’s rights and obligations under any other
plan maintained by the Corporation or an Affiliate on behalf of employees. 

  

	14.	Successors. This option shall be binding upon and inure to the benefit of any successor or successors of the Corporation. 

 

	15.	Defined Terms. Terms which are capitalized are defined herein or in the Plan and have the same meaning set forth in the Plan, unless the context indicates
otherwise. 

  

	16.	For U.S. Employees Only. A U.S. Employee who has not previously signed a noncompete agreement has until the end of the one hundred twenty (120) day period
beginning from the Grant Date of this option to sign and return the Noncompete Agreement provided to such Employee. If the U.S. Employee does not sign and return the provided Noncompete Agreement on or before the end of such one hundred twenty
(120) day period then the grant of the right and option to purchase the shares of common stock of the Corporation, as set forth in Section 1, shall not be binding on and shall be voidable by the Corporation, in which case it shall have no
further force or effect. 

  

 5 

	17.	Acceptance of Option Terms and Conditions. An Employee has until the end of the one hundred twenty (120) day period beginning from the Grant Date of this
option to accept this Award Agreement. If the Employee does not accept this Award Agreement on or before the end of such one hundred twenty (120) day period, then the grant of the right and option to purchase the shares of common stock of the
Corporation, as set forth in Section 1, shall not be binding on and shall be voidable by the Corporation, in which case it shall have no further force or effect. 

Acknowledgment of Conditions 
 I
understand, acknowledge and agree to the following conditions with respect to the Award granted to me under the Plan: 
  

	 	•	 	 The 2001 Equity Participation Plan (the “Plan”) is discretionary in nature and the Corporation may cancel or terminate it at any time. The
grant of an option is a voluntary and occasional benefit and does not create any contractual or other right to receive a grant of options or benefits in lieu of options in the future. Future grants, if any, will be at the sole discretion of the
Corporation, including, but not limited to, the timing of any grant, the number of option shares, vesting provisions and the exercise price. 

  

	 	•	 	 My participation in the Plan is voluntary. The value of this option and the shares of common stock covered by this option are extraordinary items that
do not constitute compensation of any kind for services of any kind rendered to the Corporation or my actual employer (the “Employer”), and which are outside the scope of my employment contract, if any, and are not intended to replace any
pension rights or compensation. As such, the option is not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, end of service payments,
bonuses, long-service awards, pension, retirement or welfare benefits or similar payments and in no event shall be considered as compensation for, or relating in any way to, past services for the Corporation, the Employer or any Affiliate.

  

	 	•	 	 Vesting of any option shares ceases upon termination of active employment for any reason (whether or not in breach of local labor laws and except as
may otherwise be explicitly provided in the Plan document or this Award Agreement), and will not be extended by any notice period mandated under local law (e.g., active employment would not include a period of “garden leave” or
similar period pursuant to local law); the Committee shall have the exclusive discretion to determine when I am no longer actively employed for purposes of this option. 

 

	 	•	 	 No claim or entitlement to compensation or damages shall arise from termination of this option or diminution in value of this option resulting from
termination of my employment by the Corporation or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) and, in consideration of the grant of this option, to which I am not otherwise entitled, I irrevocably agree
never to institute any claim against the Corporation or the Employer, waive my ability, if any, to bring any such claim, and release the Corporation and the Employer from any such claim; if, notwithstanding the foregoing, any

  

 6 

	 	 
such claim is allowed by a court of competent jurisdiction to have arisen, then, by participating in the Plan, I shall be deemed irrevocably to have agreed not to pursue such a claim and agree to
execute any and all documents necessary to request dismissal or withdrawal of such claims. 

  

	 	•	 	 The future value of the underlying shares is unknown and cannot be predicted with certainty. If the underlying shares do not increase in value, the
option will have no value. If I exercise this option and obtain shares, the value of those shares acquired upon exercise may increase or decrease in value, even below the option price. 

 

	 	•	 	 Regardless of any action the Corporation or the Employer take with respect to any or all income tax, social insurance, payroll tax, payment on account
or other tax-related withholding related to my participation in the Plan and legally applicable to me (“Tax-Related Items”), I acknowledge that the ultimate liability for all Tax-Related Items is and remains my responsibility and may
exceed the amount actually withheld by the Corporation or the Employer. I further acknowledge that the Corporation and/or the Employer (1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection
with any aspect of this option, including, but not limited to, the grant, vesting or exercise of this option, the subsequent sale of shares acquired pursuant to such exercise and the receipt of any dividends; and (2) do not commit to structure
the terms of the grant or any aspect of this option to reduce or eliminate my liability for Tax-Related Items or achieve any particular tax result. Furthermore, if I have become subject to tax in more than one jurisdiction between the Grant Date and
the date of any relevant taxable or tax withholding event, as applicable, I acknowledge that the Corporation and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one
jurisdiction. 

  

	 	•	 	 Prior to the relevant taxable or tax withholding event, as applicable, I shall pay or make adequate arrangements satisfactory to the Corporation and/or
the Employer to satisfy or account for all Tax-Related Items. In this regard, I authorize the Corporation or the Employer, or their respective agents, at their discretion, to satisfy the obligations with regard to all Tax-Related Items by one or a
combination of the following: 

  

	 	(1)	withholding from my wages or other cash compensation paid to me by the Corporation and/or the Employer; or 

 

	 	(2)	withholding from proceeds of the sale of shares acquired pursuant to the exercise of this option, either through a voluntary sale or through a mandatory sale arranged
by the Corporation (on my behalf, pursuant to this authorization); or 

  

	 	(3)	withholding in shares to be issued upon exercise of this option. 

  

	 	•	 	 To avoid negative accounting treatment, the Corporation may withhold or account for Tax-Related Items by considering applicable minimum statutory
withholding amounts or other applicable withholding rates. If the obligation for Tax-Related Items is satisfied by withholding in shares, I am deemed, for tax purposes, to have been issued the full number of shares subject to the portion of this
option that is exercised, notwithstanding that a number of shares is held back solely for the purpose of paying Tax-Related Items due as a result of any aspect of my participation in the Plan. 

 

 7 

	 	•	 	 I shall pay to the Corporation or to the Employer any amount of Tax-Related Items that the Corporation or the Employer may be required to withhold or
account for as a result of my participation in the Plan that cannot be satisfied by the means previously described. The Corporation may refuse to honor the exercise or deliver shares to me if I fail to comply with my obligation in connection with
the Tax-Related Items as described herein. 

  

	 	•	 	 The Corporation is not providing any tax, legal or financial advice, nor is the Corporation making any recommendations regarding my participation in
the Plan, or my acquisition or sale of the underlying shares. I am hereby advised to consult with my own personal tax, legal and financial advisors regarding my participation in the Plan before taking any action related to the Plan.

  

	 	•	 	 Data Privacy. I hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of my personal data
as described in this Agreement and any other this option grant materials by and among, as applicable, the Employer, the Corporation and its subsidiaries and Affiliates for the exclusive purpose of implementing, administering and managing my
participation in the Plan. 

 I understand that the Corporation and the Employer may hold certain
personal information about me, including, but not limited to, my name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships
held in the Corporation, details of all options or any other entitlement to shares of common stock awarded, canceled, exercised, vested, unvested or outstanding in my favor, for the exclusive purpose of implementing, administering and managing the
Plan (“Data”). 
 I understand that Data will be transferred to a broker, or such other stock plan
service provider as may be selected by the Corporation in the future, which is assisting the Corporation with the implementation, administration and management of the Plan. I understand that the recipients of the Data may be located in the United
States or elsewhere, and that the recipients’ country (e.g., the United States) may have different data privacy laws and protections than my country. I understand that I may request a list with the names and addresses of any potential
recipients of the Data by contacting my local human resources representative. I authorize the Corporation, the broker and any other possible recipients which may assist the Corporation (presently or in the future) with implementing, administering
and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing my participation in the Plan. I understand that Data will be held only as
long as is necessary to implement, administer and manage my participation in the Plan. I understand that I may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data
or refuse or withdraw the consents herein, in any case without cost, by contacting in writing my local human resources representative. I understand, however, that refusing or withdrawing my consent may affect my ability to participate in the Plan.
For more information on the consequences of my refusal to consent or withdrawal of consent, I understand that I may contact my local human resources representative. 

 

	 	•	 	 My option may not be assigned, sold, encumbered, or in any way transferred or alienated. 

 

 8 

	 	•	 	 The Plan is governed by and subject to U.S. law. Interpretation of the Plan and my rights under the Plan will be governed by provisions of U.S. law.
For purposes of litigating any dispute that arises under this grant or the Agreement, the parties hereby submit to and consent to the jurisdiction of the State of Delaware, U.S.A. and agree that such litigation shall be conducted in the federal
courts for the United States for the Northern District of Texas, where this grant is made and/or to be performed. 

  

	 	•	 	 I understand that I am solely responsible for obtaining/providing whatever exchange control approvals, permits, licenses or notices, which may be
necessary for me to exercise my option, acquire the shares or to hold or sell the shares subject to the option or restricted share unit award. Neither the Corporation nor its Affiliates will be responsible for obtaining such approvals, licenses or
permits, or for making any such notices, nor will the Corporation or its Affiliates be liable for any fines or penalties I may incur for failure to obtain any required approvals, permits or licenses or to make any required notices.

  

	 	•	 	 The provisions of this Award Agreement are severable and if one or more of the provisions of this Award Agreement shall be held invalid, illegal or
otherwise unenforceable, in whole or in part, the remaining provisions shall nonetheless be binding and enforceable. To the extent that any provisions of this Award Agreement are held to be invalid or otherwise unenforceable in any respect, the
validity, legality and enforceability of the remaining provisions shall not in any be affected or impaired thereby and the invalid, illegal or unenforceable provisions shall be deemed null and void; however, to the extent permissible by law, any
provisions which could be deemed null and void shall first be construed, interpreted or revised retroactively to permit this Award Agreement to be construed so as to foster the intent of this Award Agreement and the Plan.

  

	 	•	 	 If I have received this Award Agreement or any other document related to the Plan translated into a language other than English and if the meaning of
the translated version is different than the English version, the English version will control. 

  

	 	•	 	 Notwithstanding any provisions in this Award Agreement, this option shall be subject to any special terms and conditions set forth in Appendix A to
this Award Agreement for my country. Moreover, if I relocate to one of the countries included in Appendix A, the special terms and conditions for such country will apply to me, to the extent the Corporation determines that the application of such
terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. Appendix A constitutes part of this Award Agreement. 

 

	 	•	 	 The Corporation reserves the right to impose other requirements on my participation in the Plan, on this option and on any shares acquired under the
Plan, to the extent that the Corporation determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require me to sign any additional agreements or undertakings that may be
necessary to accomplish the foregoing. 

  

	 	•	 	 The Corporation may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic
means. I hereby consent to receive such documents by on-line delivery and agree to participate in the Plan through an on-line or electronic system established and maintained by the Corporation or a third-party designated by the Corporation.

  

 9 

 Conclusion and Acceptance 

I accept this grant via electronic signature by clicking the “Accept” icon and certify that I have read, understand and agree to the terms and
conditions of the 2001 Equity Participation Plan (the “Plan”), the provisions of the applicable agreements and all other applicable documents (including any country-specific terms for my country of residence). I hereby authorize my
employer to furnish the Corporation (and any agent administering the Plan or providing recordkeeping services) with such information and data as it shall request in order to facilitate the grant of options and enable administration of the Plan and I
understand that such information shall be used only as long and to the extent necessary to administer my participation in the Plan. I agree that my participation in the Plan and the awards granted to me under the Plan will be governed solely by
provisions of U.S. law. 
  

 10 

 KIMBERLY-CLARK CORPORATION 

NONQUALIFIED STOCK OPTION 

AWARD AGREEMENT 

APPENDIX A 
 This Appendix A
includes additional terms and conditions that govern this option granted to the Employee under the Plan if the Employee resides in one of the countries listed below. Certain capitalized terms used but not defined in this Appendix A have the meanings
set forth in the Plan and/or the Award Agreement. 
 This Appendix A also includes information regarding exchange controls and certain other
issues of which the Employee should be aware with respect to the Employee’s participation in the Plan. The information is based on the securities, exchange control and other laws in effect in the respective countries as of April 2010. Such laws
are often complex and change frequently. As a result, the Corporation strongly recommends that the Employee not rely on the information noted herein as the only source of information relating to the consequences of the Employee’s participation
in the Plan because the information be out of date at exercise of this option or the subsequent sale of shares acquired under the Plan or receipt of any dividends. 

In addition, the information is general in nature and may not apply to the Employee’s particular situation, and the Corporation is not in a position
to assure the Employee of any particular result. Accordingly, the Employee is advised to seek appropriate professional advice as to how the relevant laws in the Employee’s country may apply to the Employee’s situation. 

Finally, if the Employee is a citizen or resident of a country other than the one in the Employee is currently working, transferred or transfers
employment after the Grant Date or is considered a resident of another country for local law purposes, the information contained herein may not be applicable to the Employee. 

ARGENTINA 
 Securities Law Information

 Neither this option nor the shares of common stock covered by this option are publicly offered or listed on any stock exchange in
Argentina. The offer is private and not subject to the supervision of any Argentine governmental authority. 
 Exchange Control Information

 Depending upon the method of exercise chosen for this option, the Employee may be subject to restrictions with respect to the purchase
and/or transfer of U.S. dollars pursuant to Argentine currency exchange regulations. The Corporation reserves the right to restrict the methods of exercise if required under Argentine laws. 

Under current regulations adopted by the Argentine Central Bank (the “BCRA”), the Employee may purchase and remit foreign currency with a value
of up to US$2,000,000 per month for the purpose of acquiring foreign securities, including shares of common stock, without prior approval from the BCRA. However, the Employee must register the purchase with the BCRA and execute and submit an
affidavit to the entity selling the foreign currency confirming that the Employee has not purchased and remitted funds in excess of US$2,000,000 during the relevant month. 
  

 11 

 In the event that the Employee transfers proceeds in excess of US$2,000,000 from the sale of shares of
common stock into Argentina in a single month, he or she will be required to place 30% of any proceeds in excess of US$2,000,000 in a non-interest-bearing, dollar-denominated mandatory deposit account for a holding period of 365 days. 

The Employee must comply with any and all Argentine currency exchange restrictions, approvals and reporting requirements in connection with the exercise
of this option. 
 BAHRAIN 

There are no country-specific provisions. 

BELGIUM 
 Tax Considerations

 This option must be accepted after 60 days of the offer. 

Tax Reporting 
 The Employee is required
to report any taxable income attributable to this option on his or her annual tax return. In addition, the Employee is required to report any bank accounts opened and maintained outside Belgium on his or her annual tax return. 

BOLIVIA 
 There are no country-specific
provisions. 
 BRAZIL 

Compliance with Law 
 By accepting this
option, the Employee acknowledges that he or she agrees to comply with applicable Brazilian laws and pay any and all applicable taxes associated with the exercise of this option, the receipt of any dividends, and the sale of shares of common stock
acquired under the Plan. 
 Exchange Control Information 

If the Employee is resident or domiciled in Brazil, he or she will be required to submit annually a declaration of assets and rights held outside of
Brazil to the Central Bank of Brazil if the aggregate value of such assets and rights is equal to or greater than US$100,000. Assets and rights that must be reported include shares of common stock. 

 

 12 

 CANADA 

Form of Payment 
 Due to regulatory
considerations in Canada, the Employee is prohibited from surrendering shares of common stock that he or she already owns or attesting to the ownership of shares to pay the option price or any Tax-Related Items in connection with this option.

 Securities Law Notice 
 The
Employee is permitted to sell shares acquired through the Plan through the designated broker appointed under the Plan, if any, provided the resale of shares acquired under the Plan takes place outside of Canada through the facilities of a stock
exchange on which the shares are listed. The Corporation’s shares are currently listed on New York Stock Exchange. 
 The following
provisions apply if the Employee is a resident of Quebec: 
 Language Consent 

The parties acknowledge that it is their express wish that the Award Agreement, as well as all documents, notices and legal proceedings entered into,
given or instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in English. 
 Les parties reconnaissent avoir
exigé la rédaction en anglais de la convention, ainsi que de tous documents exécutés, avis donnés et procédures judiciaries intentées, directement ou indirectement, relativement à ou suite
à la présente convention. 
 Authorization to Release and Transfer Necessary Personal Information 

The Employee hereby authorizes the Corporation and the Corporation’s representatives to discuss with and obtain all relevant information from all
personnel, professional or not, involved in the administration and operation of the Plan. The Employee further authorizes the Corporation, any parent, subsidiary or Affiliate and the plan administrators to disclose and discuss the Plan with their
advisors. The Employee further authorizes the Corporation and any parent, subsidiary or Affiliate to record such information and to keep such information in the Employee’s employee file. 

CHILE 
 Securities Law Information

 Neither the Corporation nor the shares of common stock are registered with the Chilean Registry of Securities or under the control of the
Chilean Superintendence of Securities. 
 Exchange Control Information 

It is the Employee’s responsibility to make sure that he or she complies with exchange control requirements in Chile when the value of his or her
option exercise transaction is in excess of US$10,000, regardless of whether the Employee exercises his or her option through a cash exercise or cashless method of exercise. 

 

 13 

 If the Employee uses the cash exercise method to exercise this option and the Employee remits funds in
excess of US$10,000 out of Chile, the remittance must be made through the Formal Exchange Market (i.e., a commercial bank or registered foreign exchange office). In such case, the Employee must provide to the bank or registered foreign
exchange office certain information regarding the remittance of funds (e.g., destination, currency, amount, parties involved, etc.). 

If the Employee exercises this option using a cashless exercise method and the aggregate value of the option price exceeds US$10,000, the Employee must
sign Annex 1 of the Manual of Chapter XII of the Foreign Exchange Regulations and file it directly with the Central Bank within 10 days of the exercise date. 

The Employee is not required to repatriate funds obtained from the sale of shares or the receipt of any dividends. However, if the Employee decides to
repatriate such funds, the Employee must do so through the Formal Exchange Market if the amount of the funds exceeds US$10,000. In such case, the Employee must report the payment to a commercial bank or registered foreign exchange office receiving
the funds. 
 If the Employee’s aggregate investments held outside of Chile exceeds US$5,000,000 (including the investments made under the
Plan), the Employee must report the investments annually to the Central Bank. Annex 3.1 of Chapter XII of the Foreign Exchange Regulations must be used to file this report. 

Please note that exchange control regulations in Chile are subject to change. The Employee should consult with his or her personal legal advisor
regarding any exchange control obligations that the Employee may have prior to exercising this option or receiving proceeds from the sale of shares of common stock acquired under the Plan. 

Annual Tax Reporting Obligation 
 The
Chilean Internal Revenue Service (“CIRS”) requires all taxpayers to provide information annually regarding: (i) the taxes paid abroad, which they will use as a credit against Chilean income taxes, and (ii) the results of foreign
investments. These annual reporting obligations must be complied with by submitting a sworn statement setting forth this information before March 15 of each year. The forms to be used to submit the sworn statement are Tax Form 1853 “Annual
Sworn Statement Regarding Credits for Taxes Paid Abroad” and Tax Form 1851 “Annual Sworn Statement Regarding Investments Held Abroad.” If the Employee is not a Chilean citizen and has been a resident in Chile for less than three
years, the Employee is exempt from the requirement to file Tax Form 1853. These statements must be submitted electronically through the CIRS website: www.sii.cl. 

COLOMBIA 
 Exchange Control
Information 
 Investments in assets located abroad (including shares of common stock) are subject to registration with the Bank of the
Republic if the Employee’s aggregate investments held abroad (as of December 31 of the applicable calendar year) equal or exceed US$500,000. 

If funds are remitted from Colombia through an authorized local financial institution, the authorized financial institution will automatically register
the investment. 
  

 14 

 If the Employee does not remit funds through an authorized financial institution when exercising this option
because a partial cashless exercise method is used (selling only enough shares of Stock to cover the grant price and any brokerage fees), then the Employee must register the investment himself or herself if the accumulated financial investments the
Employee holds abroad at the year-end are equal to or exceed the equivalent of US$500,000. The Employee must register by filing a Form No. 11 and submitting it to Señores, Banco de la República, Atn: Jefe Sección
Inversiones, Departamento de Cambios Internacionales, Carrera 7 No. 14 - 18, Bogotá, Colombia by June 30 of the following year. 

If the Employee uses the cashless sell-all method of exercise, then no registration is required because no funds are remitted from Colombia and no shares
are held abroad. 
 COSTA RICA 

There are no country-specific provisions. 

CZECH REPUBLIC 
 Exchange Control
Information 
 The Czech National Bank may require the Employee to fulfill certain notification duties in relation to the acquisition of
shares of common stock and the opening and maintenance of a foreign account. However, because exchange control regulations change frequently and without notice, the Employee should consult with his or her personal legal advisor prior to the exercise
of this option and the sale of common stock to ensure compliance with current regulations. It is the Employee’s responsibility to comply with any applicable Czech exchange control laws. 

DENMARK 
 Danish Stock Option Act 

 By accepting this option, the Employee acknowledges that he or she has received a Danish translation of an Employer Statement, which is being
provided to comply with the Danish Stock Option Act. 
 Exchange Control Information 

If the Employee establishes an account holding shares or an account holding cash outside Denmark, he or she must report the account to the Danish Tax
Administration. The form which should be used in this respect can be obtained from a local bank. (These obligations are separate from and in addition to the obligations described below.) 

Securities/Tax Reporting Information 
 If
the Employee holds shares of common stock acquired under the Plan in a brokerage account with a broker or bank outside Denmark, he or she is required to inform the Danish Tax Administration about the account. For this purpose, the Employee must file
a Form V (Erklaering V) with the Danish Tax Administration. The Form V must be signed both by the Employee and by the applicable broker or bank where the account is held. By signing the Form V, the broker or bank undertakes to forward
information to the Danish Tax Administration concerning the shares in the account without further request each year. By signing the Form V, the Employee authorizes the Danish Tax Administration to examine the account. 

 

 15 

 In addition, if the Employee opens a brokerage account (or a deposit account with a U.S. bank) for the
purpose of holding cash outside Denmark, he or she is also required to inform the Danish Tax Administration about this account. To do so, the Employee must file a Form K (Erklaering K) with the Danish Tax Administration. The Form K must be
signed both by the Employee and by the applicable broker or bank where the account is held. By signing the Form K, the broker/bank undertakes an obligation, without further request each year, to forward information to the Danish Tax Administration
concerning the content of the account. By signing the Form K, the Employee authorizes the Danish Tax Administration to examine the account. 

If the Employee uses the cashless method of exercise for this option, the Employee is not required to file a Form V because he or she will not hold any
shares of common stock. However, if the Employee opens a deposit account with a foreign broker or bank to hold the cash proceeds, he or she is required to file a Form K as described above. 

DOMINICAN REPUBLIC 
 There are no
country-specific provisions. 
 ECUADOR 

There are no country-specific provisions. 

EL SALVADOR 
 There are no
country-specific provisions. 
 FRANCE 

Option Not Tax-Qualified 
 The Employee
understands that this option is not intended to be French tax-qualified. 
 Consent to Receive Information in English 

By accepting the Award Agreement providing for the terms and conditions of the Employee’s grant, the Employee confirms having read and understood the
documents relating to this grant (the Plan and the Award Agreement), which were provided in the English language. The Employee accepts the terms of those documents accordingly. 

En acceptant le Contrat d’Attribution décrivant les termes et conditions de l’attribution d’options, l’employé
confirme ainsi avoir lu et compris les documents relatifs à cette attribution (le Plan U.S. et ce Contrat d’Attribution) qui ont été communiqués en langue anglaise. L’employé accepte les termes en
connaissance de cause. 
  

 16 

 GERMANY 

Exchange Control Information 

Cross-border payments in excess of €12,500 must be reported monthly to the German Federal Bank. If the Employee uses a German bank to transfer a
cross-border payment in excess of €12,500 in connection with the sale of shares of common stock acquired under the Plan, the bank will make the report for the Employee. In addition, the Employee must report any receivables, payables, or debts
in foreign currency exceeding an amount of €5,000,000 on a monthly basis. 
 GUATEMALA 

Language Waiver 
 By participating in the
Plan, the Employee acknowledges that he or she is proficient in reading and understanding English and fully understands the terms of the Plan, the Award Agreement and this Appendix A. 

HONDURAS 
 There are no country-specific
provisions. 
 HONG KONG 

Securities Warning 
 The offer of this
option and the shares of common stock covered by this option do not constitute a public offering of securities under Hong Kong law and are available only to Employees of the Corporation or its Affiliates participating in the Plan. The Employee
should be aware that the contents of this Award Agreement have not been prepared in accordance with and are not intended to constitute a “prospectus” for a public offering of securities under the applicable securities legislation in Hong
Kong. Nor have the documents been reviewed by any regulatory authority in Hong Kong. This option is intended only for the personal use of each Employee and may not be distributed to any other person. The Employee is advised to exercise caution in
relation to the offer. If the Employee is in any doubt about any of the contents of the Agreement, including this Appendix A, or the Plan, the Employee should obtain independent professional advice. 

Sale of Shares 
 In the event that any
portion of this option vests within six months of the Grant Date, the Employee agrees that he or she will not dispose of the shares acquired prior to the six-month anniversary of the Grant Date. 

Occupational Retirement Schemes Ordinance Alert 

The Corporation specifically intends that neither this option nor the Plan will be an occupational retirement scheme for purposes of the Occupational
Retirement Schemes Ordinance (“ORSO”). 
  

 17 

 INDONESIA 

Method of Exercise 
 Notwithstanding
anything to the contrary in the Award Agreement, due to regulatory requirements in Indonesia, the Employee must exercise this option using the cashless exercise method. To complete a full cashless exercise, the Employee should notify a
licensed securities broker acceptable to the Corporation to: (i) sell all of the shares upon exercise; (ii) use the proceeds to pay the option price, brokerage fees and any applicable Tax-Related Items; and (iii) remit the balance in
cash to the Employee. If the Employee does not complete this procedure, the Corporation may refuse to allow the Employee to exercise this option. The Corporation reserves the right to provide the Employee with additional methods of exercise
depending on local developments. 
 Exchange Control Information 

If the Employee remits funds into or out of Indonesia, the Indonesian bank through which the transaction is made will submit a report on the transaction
to the Bank of Indonesia for statistical reporting purposes. For transactions of US$10,000 or more, a description of the transaction must be included in the report. Although the bank through which the transaction is made is required to make the
report, the Employee must complete a “Transfer Report Form.” The Transfer Report Form will be provided to the Employee by the bank through which the transaction is to be made. 

ISRAEL 
 Securities Law Notification

 The offer of this option does not constitute a public offering under the Securities Law, 1968. 

Method of Exercise 
 Notwithstanding
anything to the contrary in the Award Agreement, due to regulatory requirements in Israel, the Employee must exercise this option using the cashless exercise method. To complete a full cashless exercise, the Employee should notify a licensed
securities broker acceptable to the Corporation to: (i) sell all of the shares upon exercise; (ii) use the proceeds to pay the option price, brokerage fees and any applicable Tax-Related Items; and (iii) remit the balance in cash to
the Employee. If the Employee does not complete this procedure, the Corporation may refuse to allow the Employee to exercise this option. The Corporation reserves the right to provide the Employee with additional methods of exercise depending on
local developments. 
 ITALY 

Method of Exercise 
 Notwithstanding
anything to the contrary in the Award Agreement, due to regulatory requirements in Italy, the Employee must exercise this option using the cashless exercise method. To complete a full cashless exercise, the Employee should notify a licensed
securities broker acceptable to the Corporation to: (i) sell all of the shares upon exercise; (ii) use the proceeds to pay the option price, brokerage fees and any applicable Tax-Related

  

 18 

 
Items; and (iii) remit the balance in cash to the Employee. If the Employee does not complete this procedure, the Corporation may refuse to allow the Employee to exercise this option. The
Corporation reserves the right to provide the Employee with additional methods of exercise depending on local developments. 
 Data Privacy
Notice and Consent. 
 This provision replaces in its entirety the data privacy in the Award Agreement: 

The Employee understands that the Employer, the Corporation and any Affiliate hold certain personal information about him or her, including, but
not limited to, the Employee’s name, home address and telephone number, date of birth, social insurance or other identification number, salary, nationality, job title, any shares of common stock or directorships held in the Corporation or any
Affiliate, details of all options, or any other entitlement to shares of common stock awarded, cancelled, exercised, vested, unvested or outstanding in the Employee’s favor, for the exclusive purpose of implementing, managing and administering
the Plan (“Data”). The Employee is aware that providing the Corporation with Data is necessary for the performance of the Plan and that his or her refusal to provide such Data would make it impossible for the Corporation to perform its
contractual obligations and may affect the Employee’s ability to participate in the Plan. 
 The Controller of personal data
processing is Kimberly-Clark Corporation with registered offices at 351 Phelps Drive, Irving, Texas 75038, United States of America, and, pursuant to Legislative Decree no. 196/2003, its representative in Italy is Kimberly-Clark s.r.l. at Via Della
Rocca, 49, Torino, Italy. 
 The Employee understands that Data may be transferred to the Corporation or any of its Affiliates, or
to any third parties assisting in the implementation, management and administration of the Plan, including any transfer required to a broker or other third party with whom shares of common stock acquired under the Plan or cash from the sale of such
shares may be deposited. Furthermore, the recipients that may receive, possess, use, retain, and transfer such Data may be located in Italy or elsewhere, including outside the European Union, and the recipients’ country (e.g., the United
States) may have different data privacy laws and protections than Italy. 
 The processing activity, including transfer of Data
abroad, including outside of the European Economic Area, as herein specified and pursuant to applicable laws and regulations, does not require the Employee’s consent thereto as the processing is necessary to performance of contractual
obligations related to implementation, administration, and management of the Plan. The Employee understands that Data processing related to the purposes specified above shall take place under automated or non-automated conditions, anonymously when
possible, that comply with the purposes for which Data is collected and with confidentiality and security provisions as set forth by applicable laws and regulations, with specific reference to Legislative Decree no. 196/2003. 

The Employee understands that Data will be held only as long as is required by law or as necessary to implement, administer and manage the
Employee’s participation in the Plan. The Employee understands that, pursuant to Section 7 of the Legislative Decree no. 196/2003, he or she has the right to, including but not limited to, access, delete, update, correct, or terminate, for
legitimate reason, the Data processing. Furthermore, the Employee is aware that Data will not be used for direct marketing purposes. In addition, Data provided can be reviewed and questions or complaints can be addressed by contacting the
Employee’s local human resources representative. 
  

 19 

 Plan Document Acknowledgment 

In accepting the grant of this option, the Employee acknowledges that he or she has received a copy of the Plan and the Award Agreement and has reviewed
the Plan and the Award Agreement, including this Appendix A, in their entirety and fully understands and accepts all provisions of the Plan and the Award Agreement, including this Appendix A. 

The Employee acknowledges that he or she has read and specifically and expressly approves the following sections of the Award Agreement:
Section 2(d) on Payment of Withholding Taxes; Section 5 on No Right of Continued Employment; Section 9 on Delaware Law to Govern; the section on Acknowledgment of Conditions; and the Data Privacy Notice and Consent section included in
this Appendix A. 
 Exchange Control Information 

The Employee is required to report in his or her annual tax return: (a) any transfers of cash or shares of common stock to or from Italy exceeding
€10,000 or the equivalent amount in U.S. dollars; and (b) any foreign investments or investments (including proceeds from the sale of shares of common stock acquired under the Plan) held outside of Italy exceeding €10,000 or the
equivalent amount in U.S. dollars, if the investment may give rise to income in Italy. The Employee is exempt from the formalities in (a) if the investments are made through an authorized broker resident in Italy, as the broker will comply with
the reporting obligation on the Employee’s behalf. 
 JAPAN 

Exchange Control Information 
 If the
Employee acquires shares of common stock valued at more than ¥100,000,000 in a single transaction, the Employee must file a Securities Acquisition Report with the Ministry of Finance through the Bank of Japan within 20 days of the purchase of
the shares. 
 In addition, if the Employee pays more than ¥30,000,000 in a single transaction for the purchase of shares when the Employee
exercises this option, the Employee must file a Payment Report with the Ministry of Finance through the Bank of Japan by the 20th day of the month following the month in which the payment was made. The precise reporting requirements vary depending
on whether or not the relevant payment is made through a bank in Japan. 
 A Payment Report is required independently from a Securities
Acquisition Report. Therefore, if the total amount that the Employee pays upon a one-time transaction for exercising this option and purchasing shares of common stock exceeds ¥100,000,000, then the Employee must file both a Payment Report and a
Securities Acquisition Report. 
  

 20 

 KOREA 

Exchange Control Information 
 To remit
funds out of Korea to exercise this option by paying the option price in cash, the Employee must obtain a confirmation of the remittance by a foreign exchange bank in Korea. This is an automatic procedure (i.e., the bank does not need to
approve the remittance and the process should not take more than a day). The Employee likely will need to present supporting documentation evidencing the nature of the remittance to the bank processing the transaction. Furthermore, if the Employee
receives US$500,000 or more from the sale of shares of common stock, Korean exchange control laws require the Employee to repatriate the proceeds to Korea within 18 months of the sale. 

MALAYSIA 
 Insider Trading
Notification 
 The Employee should be aware of the Malaysian insider trading rules, which may impact the Employee’s acquisition or
disposal of shares of common stock or this option under the Plan. Under Malaysian insider trading rules, the Employee is prohibited from acquiring or selling shares of common stock or rights to shares (e.g., an option) when in possession of
information that is not generally available and that the Employee knows or should know will have a material effect on the price of shares of common stock once such information is generally available. 

Director Notification Obligation 
 If the
Employee is a director of the Corporation’s Malaysian Affiliate, the Employee is subject to certain notification requirements under the Malaysian Companies Act. Among these requirements is an obligation to notify the Malaysian Affiliate in
writing when the Employee receives or disposes of an interest (e.g., an option or shares of common stock) in the Corporation or any related company. Such notifications must be made within 14 days of receiving or disposing of any interest in
the Corporation or any related company. 
 MEXICO 

Modification 
 By accepting this option,
the Employee understands and agrees that any modification of the Plan or the Award Agreement or its termination shall not constitute a change or impairment of the terms and conditions of employment. 

Acknowledgment of Grant 
 In accepting
this option, the Employee acknowledges that the Employee has received a copy of the Plan and the Award Agreement, including this Appendix A, has reviewed the Plan and the Award Agreement, including this Appendix A, in their entirety and fully
understands and accepts all provisions of the Plan and the Award Agreement, including this Appendix A. The Employee further acknowledges that the Employee has read and specifically and expressly approves the Acknowledgment of Conditions section of
the Award Agreement, in which the following is clearly described and established: 
  

	 	(1)	The Employee’s participation in the Plan does not constitute an acquired right. 

 

 21 

	 	(2)	The Plan and the Employee’s participation in the Plan are offered by the Corporation on a wholly discretionary basis. 

 

	 	(3)	The Employee’s participation in the Plan is voluntary. 

  

	 	(4)	Neither the Corporation nor any Affiliate is responsible for any decrease in the value of this option and/or shares of common stock acquired under the Plan.

 Labor Law Acknowledgment and Policy Statement 

In accepting the grant of this option, the Employee expressly recognizes that Kimberly-Clark Corporation, with registered offices at 351 Phelps Drive,
Irving, Texas 75038, U.S.A., is solely responsible for the administration of the Plan and that the Employee’s participation in the Plan and acquisition of shares of common stock do not constitute an employment relationship between the Employee
and the Corporation since the Employee is participating in the Plan on a wholly commercial basis and his or her sole Employer is Kimberly-Clark de Mexico, S.A. de C.V. (“KCC-Mexico”). Based on the foregoing, the Employee expressly
recognizes that the Plan and the benefits that he or she may derive from participating in the Plan do not establish any rights between the Employee and the Employer, KCC-Mexico and do not form part of the employment conditions and/or benefits
provided by KCC-Mexico, and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of the Employee’s employment. 

The Employee further understands that his or her participation in the Plan is as a result of a unilateral and discretionary decision of the Corporation;
therefore, the Corporation reserves the absolute right to amend and/or discontinue the Employee’s participation at any time without any liability to the Employee. 

Finally, the Employee hereby declares that he or she does not reserve to himself or herself any action or right to bring any claim against Kimberly-Clark
Corporation for any compensation or damages regarding any provision of the Plan or the benefits derived under the Plan, and the Employee therefore grants a full and broad release to the Corporation, its shareholders, officers, agents, or legal
representatives or Affiliates with respect to any claim that may arise. 
 Spanish Translation 

Modificación 
 Al aceptar el
otorgamiento de la opción de Compra de Acciones, el Empleado entiende y acuerda que cualquier modificación al Plan o al Acuerdo o su terminación, no cambiará o disminuirá los términos y condiciones de
empleo. 
 Reconocimiento del Otorgamiento 

Al aceptar el otorgamiento de la opción de Compra de Acciones, el Empleado está de acuerdo en haber recibido una copia del Plan, del
Acuerdo incluyendo el presente Anexo “A” y ha revisado el Plan y el Acuerdo, incluyendo este Anexo “A” en su totalidad y comprende y acepta todas las disposiciones previstas en el Plan, en el Acuerdo, incluyendo el presente Anexo
“A”. Asimismo, el Empleado reconoce que ha leído y manifiesta su específica y expresa conformidad con los términos y condiciones establecidos del Acuerdo, en el cual claramente se describe y establece lo siguiente:

  

	 	(1)	La participación del Empleado en el Plan no constituye un derecho adquirido. 

 

 22 

	 	(2)	El Plan y la participación del Empleado en el Plan se ofrecen por la Compañía de forma completamente discrecional. 

 

	 	(3)	La participación del Empleado en el Plan es voluntaria. 

  

	 	(4)	Ni la Compañía ni sus Afiliadas son responsables por la reducción del valor de la opción de Compra de Acciones emitida bajo el Plan. 

 Reconocimiento de la Legislación Laboral y Declaracion de la Poltitica 

Al aceptar el otorgamiento de la opción de Compra de Acciones, el Empleado expresamente reconoce que Kimberly-Clark Corporation con oficinas
registradas en 351 Phelps Drive, Irving, Texas 75038, U.S.A., es la única responsable por la administración del Plan y que la participación del Empleado en el Plan y en su caso la adquisición de las Opciones de Compra de
Acciones o Acciones no constituyen ni podrán interpretarse como una relación de trabajo entre el Empleado y Kimberly-Clark Corporation, ya que el Empleado participa en el Plan en un marco totalmente comercial y su único
Patrón lo es Kimberly-Clark de Mexico, S.A. de C.V. con domicilio en Kimberly-Clark de Mexico, S.A. de C.V. Mexico. Derivado de lo anterior, el Empleado expresamente reconoce que el Plan y los beneficios que pudieran derivar de la
participación en el Plan no establecen derecho alguno entre el Empleado y el Patrón, Kimberly-Clark de Mexico, S.A. de C.V. y no forma parte de las condiciones de trabajo y/o las prestaciones otorgadas por Kimberly-Clark de Mexico,
S.A. de C.V. y que cualquier modificación al Plan o su terminación no constituye un cambio o impedimento de los términos y condiciones de la relación de trabajo del Empleado. 

Asimismo, el Empleado reconoce que su participación en el Plan es resultado de una decisión unilateral y discrecional de Kimberly-Clark
Corporation por lo tanto, Kimberly-Clark Corporation se reserva el absoluto derecho de modificar y/o terminar la participación del Empleado en cualquier momento y sin responsabilidad alguna frente el Empleado. 

Finalmente, el Empleado por este medio declara que no se reserva derecho o acción alguna que ejercitar en contra de Kimberly-Clark Corporation
por cualquier compensación o daño en relación con las disposiciones del Plan o de los beneficios derivados del Plan y por lo tanto, el Empleado otorga el más amplio finiquito que en derecho proceda a Kimberly-Clark
Corporation , sus afiliadas, subsidiarias, oficinas de representación, sus accionistas, funcionarios, agentes o representantes legales en relación con cualquier demanda que pudiera surgir. 

NETHERLANDS 
 Consent to Comply with
Dutch Securities Law 
 The Employee has been granted this option under the Plan, pursuant to which the Employee may acquire shares of common
stock. Employees who are residents of the Netherlands should be aware of the Dutch insider trading rules, which may impact the sale of such shares. In particular, the Employee may be prohibited from effectuating certain share transactions if the
Employee has insider information regarding the Corporation. 
 Below is a discussion of the applicable restrictions. The Employee is advised to
read the discussion carefully to determine whether the insider rules apply to the Employee. If it is uncertain whether the insider rules apply, the Corporation recommends that the Employee consult with his or her personal legal advisor. Please note
that the Corporation cannot be held liable if the Employee violates the Dutch insider rules. The Employee is responsible for ensuring compliance with these rules. 

 

 23 

 By entering into the Award Agreement and participating in the Plan, the Employee acknowledges having read
and understood the notification below and acknowledges that it is his or her own responsibility to comply with the Dutch insider trading rules, as discussed herein. 

Prohibition Against Insider Trading 

Dutch securities laws prohibit insider trading. Under Article 46 of the Act on the Supervision of the Securities Trade 1995, anyone who has “inside
information” related to the Corporation is prohibited from effectuating a transaction in securities in or from the Netherlands. “Inside information” is knowledge of a detail concerning the issuer to which the securities relate that is
not public and which, if published, would reasonably be expected to affect the share price, regardless of the actual effect on the price. The insider could be any employee of the Corporation or its Dutch Affiliate who has inside information as
described above. 
 Given the broad scope of the definition of inside information, certain Employees of the Corporation working at its Dutch
Affiliate may have inside information and thus, would be prohibited from effectuating a transaction in securities in the Netherlands at a time when he or she had such inside information. 

NEW ZEALAND 
 Securities Law Notice

 The Employee will receive the following documents (in addition to this Appendix A) in connection with this option from the Corporation:

  

	1.	an Award Agreement, which sets forth the terms and conditions of the option grant; 

 

	2.	a copy of the Corporations’ most recent annual report and most recent financial reports have been made available to enable the Employee to make informed decisions
concerning this option; and 

  

	3.	a copy of the description of the Kimberly-Clark Corporation 2001 Equity Participation Plan (“Description”) (i.e., the Corporation’s Form S-8 Plan
Prospectus under the U.S. Securities Act of 1933, as amended), and the Corporation will provide any attachments or documents incorporated by reference into the Description upon written request. The documents incorporated by reference into the
Description are updated periodically. Should the Employee request copies of the documents incorporated by reference into the Description, the Corporation will provide the Employee with the most recent documents incorporated by reference.

 NICARAGUA 

There are no country-specific provisions. 
  

 24 

 PANAMA 

Securities Law Information 
 Neither this
option nor any shares that the Employee may acquire at exercise of this option constitute a public offering of securities, as they are available only to Employees of the Corporation and its Affiliates. 

PARAGUAY 
 There are no country-specific
provisions. 
 PERU 
 There are
no country-specific provisions. 
 POLAND 

Exchange Control Information 
 If the
Employee holds foreign securities (including shares of common stock) and maintains accounts abroad, the Employee may be required to file certain reports with the National Bank of Poland. Specifically, if the value of securities and cash held in such
foreign accounts exceeds €15,000, the Employee must file reports on the transactions and balances of the accounts on a quarterly basis by the 20th day of the month following the end of each quarter and an annual report by no later than
January 30 of the following calendar year. Such reports are filed on special forms available on the website of the National Bank of Poland. 

PORTUGAL 
 Exchange Control
Information 
 If the Employee acquires shares of common stock under the Plan and does not hold the shares of common stock with a Portuguese
financial intermediary, he or she may need to file a report with the Portuguese Central Bank. If the shares of common stock are held by a Portuguese financial intermediary, it will file the report for the Employee. 

PUERTO RICO 
 There are no
country-specific provisions. 
 RUSSIA 

U.S. Transaction 
 The Employee
understands that this option shall be valid and this Award Agreement shall be concluded and become effective only when the Employee’s acceptance of the Award Agreement is received by the Corporation in the United States. Upon exercise of this
option, any shares of common stock to be issued to the Employee shall be delivered to the Employee through a bank or brokerage account in the United States. 
  

 25 

 Securities Law Notice 

This Award Agreement, the Plan and all other materials the Employee may receive regarding participation in the Plan do not constitute advertising or an
offering of securities in Russia. The issuance of shares of common stock under the Plan has not and will not be registered in Russia and hence the shares described in any Plan-related documents may not be offered or placed in public circulation in
Russia. 
 Please note that, under the Russian law, the Employee is not permitted to sell the Corporation’s shares directly to other
Russian individuals and the Employee is not permitted to bring share certificates into Russia. 
 SINGAPORE 

Securities Law Information 
 This option
is being granted pursuant to the “Qualifying Person” exemption under section 273(1)(f) of the Securities and Futures Act (Chapter 289, 2006 Ed.) (“SFA”). The Plan has not been lodged or registered as a prospectus with the
Monetary Authority of Singapore. The Employee should note that this option is subject to section 257 of the SFA and the Employee will not be able to make (i) any subsequent sale of the shares of common stock in Singapore or (ii) any offer
of such subsequent sale of the shares of common stock in Singapore, unless such sale or offer is made pursuant to the exemptions under Part XIII Division (1) Subdivision (4) (other than section 280) of the SFA (Chapter 289, 2006 Ed.).

 Director Notification Obligation 

If the Employee is a director, associate director or shadow director of the Corporation’s Singapore Affiliate, the Employee is subject to certain
notification requirements under the Singapore Companies Act. Among these requirements is an obligation to notify the Corporation’s Singapore Affiliate in writing when the Employee receives an interest (e.g., an option or shares) in the
Corporation or any Affiliate. In addition, the Employee must notify the Corporation’s Singapore Affiliate when he or she sells shares of the Corporation or of any Affiliate (including when the Employee sells shares acquired upon exercise of
this option). These notifications must be made within two days of acquiring or disposing of any interest in the Corporation or any Affiliate. In addition, a notification of the Employee’s interests in the Corporation or any Affiliate must be
made within two days of becoming a director. 
 SOUTH AFRICA 

Exchange Control Information 
 To
participate in the Plan, the Employee must comply with exchange control regulations and rulings (the “Exchange Control Regulations”) in South Africa. Currently, the Exchange Control Department of the South African Reserve Bank
(“Exchange Control”) requires that approval be sought for the purchase of securities by South African residents pursuant to foreign share incentive schemes, such as the exercise of options under the Plan. The Corporation is in the process
of obtaining such approval. 
  

 26 

 The Employee is subject to an overall offshore investment allowance of ZAR4,000,000. This is a cumulative
allowance, and his or her ability to remit funds for the purchase of shares will be reduced if Employee’s foreign investment limit is utilized to make a transfer of funds offshore that is unrelated to the Plan. If he or she exercises this
option with cash, the funds used to pay the option price may not be counted against the ZAR4,000,000 because of the approval from Exchange Control that the Corporation is seeking with respect to the Plan. If the option price is counted against the
ZAR4,000,000 limit, the Employee may still transfer funds for the exercise of this option; however, the shares obtained from the exercise must be sold immediately and the full proceeds repatriated to South Africa. 

If the Employee exercise this option using either the cashless sell-all exercise method or the cashless sell-to-cover method, it is not necessary to
obtain a Tax Clearance Certificate (as described below) or a transfer of funds application form. In addition, under a cashless sell-to-cover method, the Employee may acquire and hold shares up to any amount, even in excess of ZAR4,000,000. The value
of the shares acquired using a cashless sell-to-cover exercise method will not be counted against the ZAR4,000,000 limit. The sale proceeds of such shares may be held offshore and will not count against the investment limit. 

Because the Exchange Control Regulations change frequently and without notice, the Employee understands that he or she should consult a legal advisor
prior to the purchase or sale of shares under the Plan to ensure compliance with current regulations. The Employee understands that it is his or her responsibility to comply with South African exchange control laws, and neither the Corporation nor
the Employer will be liable for any fines or penalties resulting from failure to comply with applicable laws. 
 Tax Acknowledgment

 By accepting this option, the Employee agrees to notify the Employer of the amount of any gain realized upon exercise of this option. If
the Employee fails to advise the Employer of the gain realized upon exercise, the Employee may be liable for a fine. The Employee will be responsible for paying any difference between the actual tax liability and the amount withheld. 

If the Employee uses cash to exercise this option and purchase shares, rather than a cashless exercise method, the Employee must first obtain a “Tax
Clearance Certificate (in Respect of Foreign Investment)” from the South African Reserve Service. The Employee must also complete a transfer of funds application form to transfer the funds. The Tax Clearance Certificate should be presented to a
dealer of the Exchange Control Department of the South Africa Reserve Bank (it is likely that the Employee’s bank will qualify as such a dealer), together with a completed application form to transfer funds. No transfer of funds may be
completed unless the original Tax Clearance Certificate bears the official stamp and signature of the Office of Receiver of Revenue of the South African Reserve Service. 

SPAIN 
 Termination of Employment 

 For purposes of this option, a termination of employment includes a termination that is deemed an “unfair dismissal” or a
“constructive dismissal.” 
 Labor Law Acknowledgment 

By accepting this option, the Employee acknowledges that he or she understands and agrees to participation in the Plan and that he or she has received a
copy of the Plan. 
  

 27 

 The Employee understands that the Corporation has unilaterally, gratuitously and discretionally decided to
grant Options under the Plan to individuals who may be employees of the Corporation or its Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not
economically or otherwise bind the Corporation or any of its Affiliates on an ongoing basis. Consequently, the Employee understands that any grant is given on the assumption and condition that it shall not become a part of any employment contract
(either with the Corporation or any of its Affiliates) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. Further, the Employee understands and freely accepts
that there is no guarantee that any benefit whatsoever shall arise from any gratuitous and discretionary grant since the future value of this option and the underlying shares is unknown and unpredictable. In addition, the Employee understands that
this grant would not be made but for the assumptions and conditions referred to above; thus, the Employee understands, acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met
for any reason, then this option shall be null and void. 
 Further, the Employee understands that this option is a conditional right. The
Employee shall forfeit any unvested portion of this option upon termination of employment unless such termination is due to a Qualified Termination of Employment. In addition, if the Employee’s employment is terminated for any reason other than
death, Retirement, or Total and Permanent Disability, this option shall be exercisable only to the extent provided in Section 2(a) of the Award Agreement. The terms of this paragraph apply even if the Employee is considered to be unfairly
dismissed without good cause. 
 SWITZERLAND 

Securities Law Notification 
 The options
offered by the Corporation are considered a private offering in Switzerland; therefore, such offer is not subject to registration in Switzerland. 

TAIWAN 
 Exchange Control Information

 The Employee may acquire and remit foreign currency (including proceeds from the sale of shares of common stock) into and out of Taiwan up
to US$5,000,000 per year. If the transaction amount is TWD500,000 or more in a single transaction, the Employee must submit a foreign exchange transaction form and also provide supporting documentation to the satisfaction of the remitting bank.

 If the transaction amount is US$500,000 or more, the Employee may be required to provide additional supporting documentation to the
satisfaction of the remitting bank. The Employee should consult his or her personal advisor to ensure compliance with applicable exchange control laws in Taiwan. 

 

 28 

 THAILAND 

Exchange Control Information 
 When the
shares of common stock covered by this option are sold, the Employee must repatriate all cash proceeds to Thailand and then convert such proceeds to Thai Baht within 360 days of repatriation. If the amount of the Employee’s proceeds is
US$20,000 or more, the Employee must specifically report the inward remittance to the Bank of Thailand on a foreign exchange transaction form. If the Employee fails to comply with these obligations, then the Employee may be subject to penalties
assessed by the Bank of Thailand. 
 The Employee should consult his or her personal advisor prior to taking any action with respect to
remittance of cash proceeds into Thailand. The Employee is responsible for ensuring compliance with all exchange control laws in Thailand. 

TRINIDAD & TOBAGO 
 There are no
country-specific provisions. 
 TURKEY 

Exchange Control Information 
 Exchange
control regulations require Turkish residents to purchase securities through financial intermediary institutions that are approved under the Capital Market Law (i.e., banks licensed in Turkey). Therefore, if the Employee exercises this option using
a cash exercise method, the funds must be remitted through a bank or other financial institution licensed in Turkey. A wire transfer of funds by a Turkish bank will satisfy this requirement. This requirement does not apply to a cashless exercise, as
no funds are remitted out of Turkey. 
 UNITED KINGDOM 

Tax Acknowledgment 
 The following
information supplements the information regarding Tax-Related Items in the Acknowledgment of Conditions section of the Award Agreement: 
 If
payment or withholding of the income tax due is not made within 90 days of the event giving rise to the Tax-Related Items or such other period specified in section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act 2003 (the “Due
Date”), the amount of any uncollected Tax-Related Items shall constitute a loan owed by the Employee to the Employer, effective on the Due Date. The Employee agrees that the loan will bear interest at the then-current Her Majesty’s Revenue
and Customs official rate; it will be immediately due and repayable. Notwithstanding the foregoing, if the Employee is an officer or executive director (as within the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as
amended), the terms of this provision will not apply to the Employee. In the event that the Employee is an officer or director, as defined above, and Tax-Related Items are not collected from or paid by the Employee by the Due Date, the amount of any
uncollected Tax-Related Items may constitute a benefit to the Employee on which additional income tax and National Insurance Contributions may be payable. The Employee acknowledges the Corporation or the Employer may recover it at any time
thereafter by any of the means referred to in the Award Agreement. The Employee authorizes the Corporation to withhold the transfer of any shares unless and until the loan is repaid in full. 

 

 29 

 URUGUAY 

There are no country-specific provisions. 

VENEZUELA 
 Exchange Control
Information 
 The Employee should consult his or her personal advisor prior to repatriating the proceeds of the sale of shares of common
stock as described above to ensure compliance with the applicable exchange control regulations in Venezuela, as such regulations are subject to frequent change. The Employee is responsible for ensuring compliance with all exchange control laws in
Venezuela. 
  

 30 

 KIMBERLY-CLARK CORPORATION 

PERFORMANCE RESTRICTED STOCK UNIT 

AWARD AGREEMENT 
 This
Award, granted on                     , by Kimberly-Clark Corporation, a Delaware corporation (hereinafter called the
“Corporation”), to                          (the “Participant”) is subject to the terms and conditions
of the 2001 Equity Participation Plan (the “Plan”) and the Award Agreement, including any country-specific terms and conditions contained in Appendix A to this Award Agreement. 

W I T N E S S E T H: 

WHEREAS, the Corporation has adopted the Plan to encourage those employees who materially contribute, by managerial, scientific or other innovative
means, to the success of the Corporation or of an Affiliate, to acquire an ownership interest in the Corporation, thereby increasing their motivation for and interest in the Corporation’s or the Affiliate’s long-term success; 

NOW, THEREFORE, it is agreed as follows: 
  

	1.	Number of Share Units Granted. The Corporation hereby grants to the Participant Performance Restricted Stock Units (“PRSUs”) at the target level of
             (the “Target Level”), subject to the terms, conditions and restrictions set forth herein and in the Plan, and the Corporation’s attainment of the
Performance Goals established by the Committee as set forth on Appendix A-1. The actual number of PRSUs earned by the Participant at the end of the Restricted Period may range from 0 to 200% of the Target Level. 

 

	2.	Transferability Restrictions. 

  

	 	(a)	Restricted Period. During the Restricted Period, the Participant may not sell, assign, transfer, or otherwise dispose of, or mortgage, pledge or otherwise
encumber the Award. Except as provided under paragraph 2, the Award, including any accrued dividend equivalents, shall be subject to forfeiture until the end of the Restricted Period. Participant becomes 100% vested in the number of PRSUs earned
based on attainment of the Performance Goal at the end of the Restricted Period as approved and authorized by the Committee. 

The Restricted Period shall begin on the date of the granting of this Award, and shall end on April 28, 2013. Holders of Awards shall
have none of the rights of a shareholder with respect to such shares including, but not limited to, any right to receive dividends in cash or other property or other distribution or rights in respect of such shares except as otherwise provided in
this Agreement, nor to vote such shares as the record owner thereof. 

 During each year in the Restricted Period, the Participant will not be paid dividend
equivalents on the unvested PRSUs but the Participant will receive a credit equal to dividends declared on the Corporation’s Common Stock which will be reinvested in additional PRSUs at the then fair market value of the Corporation’s
Common Stock on the date dividends are paid, and the additional PRSUs will be accumulated and paid if and when the PRSUs vest, based on the actual number of PRSUs that vest. In the case of dividends paid in property other than cash, the amount of
the dividend shall be deemed to be the fair market value of the property at the time of the payment of the dividend, as determined in good faith by the Corporation. The Corporation shall not be required to segregate any cash or other property of the
Corporation. 
  

	 	(b)	Termination of Employment. Participant shall forfeit any unvested Award, including any accrued dividend equivalents, upon termination of employment unless such
termination (i) is due to a Qualified Termination of Employment, or (ii) if more than six months after the Grant Date, due to death, Retirement, Total and Permanent Disability, or the shutdown or divestiture of a business unit. A
termination of employment shall not be deemed to have occurred while a Participant is on military leave or other bona fide leave of absence if the period of such leave does not exceed six months, or if longer, so long as the Participant retains a
right to reemployment with the Corporation or an Affiliate under an applicable statute or by contract. For purposes of this subparagraph, a leave of absence constitutes a bona fide leave of absence only if there is a reasonable expectation that the
Participant will return to perform services for the Corporation or an Affiliate. If the period of leave exceeds six months and the Participant does not retain a right to reemployment under an applicable statute or by contract, the employment
relationship is deemed to terminate on the first date immediately following such six-month period. Notwithstanding the foregoing sentence, where a leave of absence is due to any medically determinable physical or mental impairment that can be
expected to result in death or can be expected to last for a continuous period of not less than six months, where such impairment causes the Participant to be unable to perform the duties of his or her position of employment or any substantially
similar position of employment, a 29-month period of absence is substituted for such six-month period in determining whether a termination of employment shall be deemed to have occurred. A termination of employment with the Corporation or an
Affiliate to accept immediate reemployment with the Corporation or an Affiliate likewise shall not be deemed to be a termination of employment for purposes of the Plan. A Participant who is classified as an intermittent employee shall be deemed to
have a termination of employment for purposes of the Plan. Notwithstanding anything in this Plan to the contrary, a termination of employment with respect to any Restricted Share Units that are required to meet the requirements of Section 409A
of the Code and the regulations thereunder shall not be deemed to be a termination of employment for purposes of the Plan if it is anticipated that the level of bona fide services the Participant would perform after such date would continue at a
rate equal to more than 20 percent of the average level of bona fide services performed over the immediately preceding 36-month period (or the full period of services to the Corporation or an Affiliate if the Participant has been providing such
services less than 36 months). 

  

 2 

	 	(c)	Death, Retirement, or Total and Permanent Disability. In the event that more than six months after the Grant Date the Participant’s termination of
employment is due to death or Total and Permanent Disability, it shall result in pro rata vesting in the number of PRSUs earned. This pro rata vesting shall be determined based on the Target Level of PRSUs (including any accrued dividend equivalents
accumulated pursuant to Section 2(a)) (1) prorated for the number of full months of employment during the Restricted Period prior to the Participant’s termination of employment, multiplied by (2) the Performance Goal percentage
as approved and authorized by the Committee at the end of the Restricted Period. Any fractional share of the Company resulting from such a prorated award shall be rounded to the nearest whole share and shall be paid within 70 days following the end
of the Restricted Period. In the event that more than six months after the Grant Date the Participant’s termination of employment is due to Retirement it shall result in 100% vesting in the number of PRSUs earned based on attainment of the
Performance Goal at the end of the Restricted Period as approved and authorized by the Committee, and such Award shall be paid within 70 days following the end of the Restricted Period. 

Notwithstanding this Section 2(c), if the Corporation receives an opinion of counsel that there has been a legal judgment and/or
legal development in the Participant’s jurisdiction that would likely result in the favorable Retirement treatment that applies to the PRSUs under this Section 2(c) being deemed unlawful and/or discriminatory, then the Corporation will not
apply the favorable Retirement treatment and PRSUs will be treated as they would under the rules that apply if the Participant’s employment with the Corporation or an Affiliate ends for any other reason, as applicable. 

 

	 	(d)	Shutdown or Divestiture. In the event that more than six months after the Grant Date the Participant’s termination of employment is due to the shutdown or
divestiture of the Corporation’s or its Affiliate’s business it shall result in pro rata vesting in the number of PRSUs earned. This pro rata vesting shall be determined based on the Target Level of PRSUs (including any accrued dividend
equivalents accumulated pursuant to Section 2(a)) (1) prorated for the number of full years of employment during the Restricted Period prior to the Participant’s termination of employment, multiplied by (2) the Performance Goal
percentage as approved and authorized by the Committee at the end of the Restricted Period. Any fractional share of the Company resulting from such a prorated award shall be rounded to the nearest whole share and shall be paid within 70 days
following the end of the Restricted Period. 

  

	 	(e)	Qualified Termination of Employment. In the event of a Qualified Termination of Employment all restrictions will lapse and the shares will become fully vested
and the number of shares that shall be considered to vest shall be the greater of the Target Level or the number of shares which would have vested based on the attainment of the Performance Goal as of the end of the prior calendar year and shall be
paid within 10 days following the last day of employment of the Participant with the Corporation. Notwithstanding anything in this Agreement to the contrary, the payment of an Award to a Key Employee who has separated from service due to a Qualified
Termination of Employment shall be made at the earlier of the first day of the seventh month following the date of separation from service or the end of the Restricted Period. A Key Employee is any Participant who meets the definition of a specified
employee as defined in Section 409A(a)(2)(B)(i) of the Code and the regulations promulgated thereunder. 

  

 3 

	 	(f)	Payment of Awards. The payment of the Award, including any accrued dividend equivalents accumulated pursuant to Section 2(a), shall be made in shares of
Common Stock. Except as may otherwise be provided in subparagraph 2(e), the payment of an Award shall be made within 70 days following the end of the Restricted Period. 

 

	 	(g)	Payment of Withholding Taxes. No shares of Common Stock, nor any cash payment, may be delivered under this Award, unless prior to or simultaneously with such
issuance, the Participant or, in the event of his death, the person succeeding to his rights hereunder, shall pay to the Corporation such amount as the Corporation advises is required under applicable federal, state or local laws to withhold and pay
over to governmental taxing authorities by reason of the delivery of such shares of Common Stock and any cash payment pursuant to this Award. The Corporation may, in its discretion, withhold payment of required withholding taxes with cash or shares
of Common Stock which otherwise would be delivered following the date of vesting of the Award under this paragraph 2. 

  

	3.	Nontransferability. Neither the Award nor the Participant’s right to receive payment for vested Awards may be assigned or transferred except upon the death
of the Participant (i) by will, (ii) by the laws of descent and distribution or (iii) for Participants residing in the U.S., pursuant to a designation by the Participant of a beneficiary or beneficiaries, provided that no such
designation shall be effective unless filed with the Committee prior to the death of such Participant. 

  

	4.	Compliance with Law. No payment may be made under this Award, unless prior to the issuance thereof, the Corporation shall have received an opinion of counsel to
the effect that this Award by the Corporation to the Participant will not constitute a violation of the Securities Act of 1933, as amended. As a condition of this Award, the Participant shall, if requested by the Corporation, submit a written
statement in form satisfactory to counsel for the Corporation, to the effect that any shares received under this Award shall be for investment and not with a view to the distribution thereof within the meaning of the Securities Act of 1933, as
amended, and the Corporation shall have the right, in its discretion, to cause the certificates representing shares hereunder to be appropriately legended to refer to such undertaking or to any legal restrictions imposed upon the transferability
thereof by reason of such undertaking. 

 The Award granted hereby is subject to the condition that if the listing,
registration or qualification of the shares subject hereto on any securities exchange or under any state or federal law, or if the consent or approval of any regulatory body shall be necessary as a condition of, or in connection with, the granting
of the Award or the delivery of shares thereunder, such shares may not be delivered unless and until such listing, registration, qualification, consent or approval shall have been effected or obtained. The Corporation agrees to use its best efforts
to obtain any such requisite listing, registration, qualification, consent or approval. 
  

 4 

 The Participant is solely responsible for obtaining/providing whatever exchange control
approvals, permits, licenses, or notices, which may be necessary for the Participant to hold the Award, or to receive any payment of cash or shares or to hold or sell the shares subject to the Award, if any. Neither the Corporation nor its
Affiliates will be responsible for obtaining any such approvals, licenses or permits, or for making any such notices, nor will the Corporation or its Affiliates be liable for any fines or penalties the Participant may incur for failure to obtain any
required approvals, permits or licenses or to make any required notices. 
  

	5.	No Right of Continued Employment. The granting of this Award does not confer upon the Participant any legal right to be continued in the employ of the
Corporation or its Affiliates, and the Corporation and its Affiliates reserve the right to discharge the Participant whenever the interest of the Corporation or its Affiliates may so require without liability to the Corporation or its Affiliates,
the Board of Directors of the Corporation or its Affiliates, or the Committee, except as to any rights which may be expressly conferred on the Participant under this Award. 

 

	6.	Discretion of the Corporation, Board of Directors and the Committee. Any decision made or action taken by the Corporation or by the Board of Directors of the
Corporation or by the Committee arising out of or in connection with the construction, administration, interpretation and effect of this Award shall be within the absolute discretion of the Corporation, the Board of Directors of the Corporation or
the Committee, as the case may be, and shall be conclusive and binding upon all persons. 

  

	7.	Inalienability of Benefits and Interest. This Award and the rights and privileges conferred hereby shall not be subject in any manner to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance or charge, and any such attempted action shall be void and no such benefit or interest shall be in any manner liable for or subject to debts, contracts, liabilities, engagements, or torts
of the Participant. 

  

	8.	Delaware Law to Govern. The Plan is governed by and subject to the laws of the United States of America. All questions pertaining to the construction,
interpretation, regulation, validity and effect of the provisions of this Award and any rights under the Plan shall be determined in accordance with the laws of the State of Delaware. 

 

	9.	Purchase of Common Stock. The Corporation and its Affiliates may, but shall not be required to, purchase shares of Common Stock of the Corporation for purposes
of satisfying the requirements of this Award. The Corporation and its Affiliates shall have no obligation to retain and shall have the unlimited right to sell or otherwise deal with for their own account, any shares of Common Stock of the
Corporation purchased for satisfying the requirements of this Award. 

  

	10.	Notices. Any notice to be given to the Corporation under this Award shall be addressed to the Corporation in care of its Director of Compensation located at the
World Headquarters, and any notice to be given to the Participant under the terms of this Award may be addressed to him at his address as it appears on the Corporation’s records, or at such other address as either party may hereafter designate
in writing to the other. Any such notice shall be deemed to have been duly given if and when enclosed in a properly sealed envelope or wrapper addressed as aforesaid, registered and deposited, postage and registry fee prepaid, in a post office or
branch post office regularly maintained by the United States Government. 

  

 5 

	11.	Changes in Capitalization. In the event there are any changes in the Common Stock or the capitalization of the Corporation through a corporate transaction, such
as any merger, any acquisition through the issuance of capital stock of the Corporation, any consolidation, any separation of the Corporation (including a spin-off or other distribution of stock of the Corporation), any reorganization of the
Corporation (whether or not such reorganization comes within the definition of such term in section 368 of the Code), or any partial or complete liquidation by the Corporation, recapitalization, stock dividend, stock split or other change in the
corporate structure, appropriate adjustments and changes shall be made by the Committee in (a) the number of shares subject to this Award, and (b) such other provisions of this Award as may be necessary and equitable to carry out the
foregoing purposes. 

  

	12.	Effect on Other Plans. All benefits under this Award shall constitute special compensation and shall not affect the level of benefits provided to or received by
the Participant (or the Participant’s estate or beneficiaries) as part of any employee benefit plan of the Corporation or an Affiliate. This Award shall not be construed to affect in any way the Participant’s rights and obligations under
any other plan maintained by the Corporation or an Affiliate on behalf of employees. 

  

	13.	Discretionary Nature of Award. The grant of an Award is a one-time benefit and does not create any contractual or other right to receive a grant of Awards or
benefits in lieu of Awards in the future. Future grants, if any, will be at the sole discretion of the Corporation, including, but not limited to, the timing of any grant, the number of PRSUs and vesting provisions. The value of the Award is an
extraordinary item of compensation outside the scope of the Participant’s employment contract, if any. As such, the Award is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of
service payments, bonuses, long-service awards, pension or retirement benefits or similar payments. 

  

	14.	Data Privacy. The Participant hereby authorizes their employer to furnish the Corporation (and any agent of the Corporation administering the Plan or providing
Plan recordkeeping services) with such information and data as it shall request in order to facilitate the grant of Awards and administration of the Plan and the Participant waives any data privacy rights such Participant might otherwise have with
respect to such information. 

  

	15.	Conflict with Plan. This Award is awarded pursuant to and subject to the Plan. This Agreement is intended to supplement and carry out the terms of the Plan. It
is subject to all terms and provisions of the Plan and, in the event of a conflict, the Plan shall prevail. 

  

	16.	Successors. This Award shall be binding upon and inure to the benefit of any successor or successors of the Corporation. 

 

	17.	Amendments. The Committee may at any time alter or amend this Award to the extent (1) permitted by law, (2) permitted by the rules of any stock
exchange on which the Common Stock or any other security of the Corporation is listed, and (3) permitted under applicable provisions of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended (including rule
16b-3 thereof). 

  

 6 

	18.	Defined Terms. Terms which are capitalized are defined herein or in the Plan and have the same meaning set forth in the Plan, unless the context indicates
otherwise. 

  

	19.	For U.S. Participants Only. A U.S. Participant who has not previously signed a noncompete agreement has until the end of the one hundred twenty (120) day
period beginning from the Grant Date of this Award to sign and return the Noncompete Agreement provided to such Participant. If the U.S. Participant does not sign and return the provided Noncompete Agreement on or before the end of such one hundred
twenty (120) day period then the grant of the Award, as set forth in Section 1, shall not be binding on and shall be voidable by the Corporation, in which case it shall have no further force or effect. 

 

	20.	Acceptance of Award Terms and Conditions. A Participant has until the end of the one hundred twenty (120) day period beginning from the Grant Date of this
Award to accept this Award Agreement. If the Participant does not accept this Award Agreement on or before the end of such one hundred twenty (120) day period then the grant of the Award, as set forth in Section 1, shall not be binding on
and shall be voidable by the Corporation, in which case it shall have no further force or effect. 

 Acknowledgment of
Conditions 
 I understand, acknowledge and agree to the following conditions with respect to the Award granted to me under the Plan:

  

	 	•	 	 The Plan is established voluntarily by the Corporation, is discretionary in nature and may be modified, amended, suspended, cancelled or terminated at
any time. The grant of an Award is a voluntary and occasional benefit and does not create any contractual or other right to receive an Award or benefits in lieu of an Award in the future, even if the Awards have been granted repeatedly in the past.
Future grants, if any, will be at the sole discretion of the Corporation, including, but not limited to, the timing of any grant, the number of Awards, vesting provisions and the exercise price. 

 

	 	•	 	 My participation in the Plan is voluntary. Participation in the Plan will not create a right to further employment with my actual employer (the
“Employer”) and shall not interfere with the ability of the Employer to terminate my employment relationship at any time. Further, the Award and my participation in the Plan will not be interpreted to form an employment contract or
relationship with the Corporation or any Affiliate. 

  

	 	•	 	 The Award and the shares of Common Stock subject to the Award are extraordinary items that do not constitute compensation of any kind for services of
any kind rendered to the Corporation or the Employer, and which are outside the scope of my employment contract, if any, and are not intended to replace any pension rights or compensation. As such, the Award is not part of normal or expected
compensation for purposes of calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension, retirement or welfare benefits or similar payments and in no event shall be
considered as compensation for, or relating in any way to, past services for the Corporation, the Employer or any Affiliate. 

  

	 	•	 	 The future value of the underlying shares is unknown and cannot be predicted with certainty. 

 

 7 

	 	•	 	 No claim or entitlement to compensation or damages shall arise from forfeiture of the Award resulting from termination of my employment by the
Corporation or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) and in consideration of the grant of the Award, to which I am otherwise not entitled, I irrevocably agree never to institute any claim against
the Corporation or the Employer, waive my ability, if any, to bring any such claim, and release the Corporation and the Employer from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction,
then, by participating in the Plan, I shall be deemed irrevocably to have agreed not to pursue such a claim and agree to execute any and all documents necessary to request dismissal or withdrawal of such claims. 

 

	 	•	 	 In the event of termination of my employment (whether or not in breach of local labor laws and except as otherwise explicitly provided in the Award
Agreement of the Plan), my right to receive PRSUs and vest in the Award under the Plan, if any, will terminate effective as of the date that I am no longer actively employed and will not be extended by any notice period mandated under local law
(e.g., active employment would not include a period of “garden leave” or similar period pursuant to local law); the Committee shall have the exclusive discretion to determine when I am no longer actively employed for purposes of the
Award. 

  

	 	•	 	 The Corporation is not providing any tax, legal or financial advice, nor is the Corporation making any recommendations regarding participation in the
Plan, or my acquisition or sale of the underlying shares of Common Stock. Further, I have been advised to consult with my own advisors regarding participation in the Plan before taking any action related to the Plan. 

 

	 	•	 	 Regardless of any action the Corporation or the Employer takes with respect to any or all income tax (including federal, state and local taxes), social
insurance, payroll tax, payment on account or other tax-related items related to my participation in the Plan and legally applicable to me (“Tax-Related Items”), I acknowledge that the ultimate liability for all Tax-Related Items is and
remains my responsibility and may exceed the amount actually withheld by the Corporation or the Employer. I further acknowledge that the Corporation and/or the Employer (i) make no representations or undertakings regarding the treatment of any
Tax-Related Items in connection with any aspect of the Award, including the grant of the PRSUs, the vesting of PRSUs, the conversion of the PRSUs into shares or the receipt of an equivalent cash payment, the subsequent sale of any shares acquired at
vesting and the receipt of any dividends or dividend equivalents; and (ii) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the Award to reduce or eliminate the my liability for Tax-Related Items
or achieve any particular tax result. Further, if I have become subject to tax in more than one jurisdiction between the Grant Date and the date of any relevant taxable or tax withholding event, as applicable, I acknowledge that the Corporation
and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 

  

	 	•	 	 Prior to the relevant taxable or tax withholding event, as applicable, I shall pay or make adequate arrangements satisfactory to the Corporation and/or
the Employer to satisfy or account for all Tax-Related Items. In this regard, I authorize the Corporation or the Employer, or their respective agents, at their discretion, to satisfy the obligations with regard to all Tax-Related Items by one or a
combination of the following: 

  

	 	(1)	withholding from my wages or other cash compensation paid to me by the Corporation and/or the Employer; or 

 

 8 

	 	(2)	withholding from proceeds of the sale of shares acquired upon vesting of the Award either through a voluntary sale or through a mandatory sale arranged by the
Corporation (on my behalf, pursuant to this authorization); or 

  

	 	(3)	withholding in shares to be issued upon vesting of the Award. 

  

	 	•	 	 To avoid negative accounting treatment, the Corporation may withhold or account for Tax-Related Items by considering applicable minimum statutory
withholding amounts or other applicable withholding rates. If the obligation for Tax-Related Items is satisfied by withholding in shares, for tax purposes, I am deemed to have been issued the full number of shares subject to the Award,
notwithstanding that a number of shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of my participation in the Plan. 

 

	 	•	 	 I shall pay to the Corporation or to the Employer any amount of Tax-Related Items that the Corporation or the Employer may be required to withhold or
account for as a result of my participation in the Plan that cannot be satisfied by the means previously described. The Corporation may refuse to deliver shares or the proceeds of the sale of shares to me if I fail to comply with my obligations in
connection with the Tax-Related Items. 

  

	 	•	 	 I hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of my personal data as described
in this Award Agreement by and among, as applicable, my Employer, the Corporation, and its Affiliates for the exclusive purpose of implementing, administering and managing my participation in the Plan. 

 

	 	•	 	 I understand that the Corporation and my Employer may hold certain personal information about me, including, but not limited to, my name, home
address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of Common Stock or directorships held in the Corporation, details of all Awards or any other entitlement
to shares awarded, canceled, vested, unvested or outstanding in my favor, for the purpose of implementing, administering and managing the Plan (“Data”). 

 

	 	•	 	 I understand that Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan, that
these recipients may be located in my country, or elsewhere, and that my country may have different data privacy laws and protections than my country. I understand that I may request a list with the names and addresses of any potential recipients of
the Data by contacting my local human resources representative. I authorize the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing my
participation in the Plan, including any requisite transfer of such Data as may be required to a broker, escrow agent or other third party with whom the shares received upon vesting of the PRSUs may be deposited. I understand that Data will be held
only as long as is necessary to implement, administer and manage my participation in the Plan. I understand that I may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments
to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in 

 

 9 

	 	 
writing my local human resources representative. I understand that refusal or withdrawal of consent may affect my ability to participate in the Plan. For more information on the consequences of
my refusal to consent or withdrawal of consent, I understand that I may contact my local human resources representative. 

  

	 	•	 	 The Plan and the Award are governed by and subject to U.S. law. Interpretation of the Plan and my rights under the Plan will be governed by provisions
of U.S. law. For purposes of litigating any dispute that arises under this Award or Award Agreement, the parties submit to and consent to the jurisdiction of the State of Delaware, and agree that such litigation shall be conducted in the federal
courts for the United States for the Northern District of Texas and no other courts. 

  

	 	•	 	 I understand that I am solely responsible for obtaining/providing whatever exchange control approvals, permits, licenses or notices, which may be
necessary for my Award, to acquire the shares or to hold or sell the shares subject to the PRSU award. Neither the Corporation nor its Affiliates will be responsible for obtaining such approvals, licenses or permits, or for making any such notices,
nor will the Corporation or its Affiliates be liable for any fines or penalties I may incur for failure to obtain any required approvals, permits or licenses or to make any required notices. 

 

	 	•	 	 The provisions of this Award Agreement are severable and if one or more of the provisions of this Award Agreement shall be held invalid, illegal or
otherwise unenforceable, in whole or in part, the remaining provisions shall nonetheless be binding and enforceable. To the extent that any provisions of this Award Agreement are held to be invalid or unenforceable in any respect, the validity,
legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and the invalid, illegal or unenforceable provisions shall be deemed null and void; however, to the extent permissible by law, any
provisions which could be deemed null and void shall first be construed, interpreted or revised retroactively to permit this Award Agreement to be construed so as to foster the intent of this Award Agreement and the Plan.

  

	 	•	 	 If I have received this Award Agreement or any other document related to the Plan translated into a language other than English and if the meaning of
the translated version is different than the English version, the English version will control. 

  

	 	•	 	 Notwithstanding any provisions in this Award Agreement, the Award shall be subject to any special terms and conditions set forth in Appendix A to this
Award Agreement for my country. Moreover, if I relocate to one of the countries included in Appendix A, the special terms and conditions for such country will apply to me, to the extent the Corporation determines that the application of such terms
and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. Appendix A constitutes part of this Award Agreement. 

 

	 	•	 	 The Corporation reserves the right to impose other requirements on my participation in the Plan, on the Award and on any shares acquired under the
Plan, to the extent the Corporation determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require me to sign any additional agreements or undertakings that may be necessary to
accomplish the foregoing. 

  

	 	•	 	 The Corporation may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic
means. I hereby consent to receive such documents by on-line delivery and agree to participate in the Plan through an on-line or electronic system established and maintained by the Corporation or a third-party designated by the Corporation.

  

 10 

 Conclusion and Acceptance 

I accept this grant via electronic signature by clicking the “Accept” icon and certify that I have read, understand and agree to the terms and
conditions of the 2001 Equity Participation Plan (the “Plan”), the provisions of the applicable Award Agreement and all other applicable documents (including any country-specific terms applicable to my grant). I hereby authorize my
Employer to furnish the Corporation (and any agent administering the Plan or providing recordkeeping services) with such information and data as it shall request in order to facilitate the grant of Awards and enable administration of the Plan and I
understand that such information shall be used only as long and to the extent necessary to administer my participation in the Plan. I agree that my participation in the Plan and the Awards granted to me under the Plan will be governed solely by
provisions of U.S. law. 
  

 11 

 KIMBERLY-CLARK CORPORATION 

PERFORMANCE RESTRICTED STOCK UNIT 

AWARD AGREEMENT 

APPENDIX A 
 This Appendix A
includes additional terms and conditions that govern the Award granted to the Participant under the Plan if the Participant resides in one of the countries listed below. Certain capitalized terms used but not defined in this Appendix A have the
meanings set forth in the Plan and/or the Award Agreement. 
 This Appendix A also includes information regarding exchange controls and certain
other issues of which the Participant should be aware with respect to the Participant’s participation in the Plan. The information is based on the securities, exchange control and other laws in effect in the respective countries as of April
2010. Such laws are often complex and change frequently. As a result, the Corporation strongly recommends that the Participant not rely on the information noted herein as the only source of information relating to the consequences of the
Participant’s participation in the Plan because the information may be out of date at vesting of the Award or the subsequent sale of the shares or receipt of any dividends or dividend equivalents. 

In addition, the information is general in nature and may not apply to the Participant’s particular situation, and the Corporation is not in a
position to assure the Participant of any particular result. Accordingly, the Participant is advised to seek appropriate professional advice as to how the relevant laws in the Participant’s country may apply to the Participant’s situation.

 Finally, if the Participant is a citizen or resident of a country other than the one in which the Participant is currently working,
transferred or transfers employment after the Award is granted or is considered a resident of another country for local law purposes, the information contained herein may not be applicable to the Participant. 

ARGENTINA 
 Securities Law Information

 Neither the PRSUs nor the shares of Common Stock subject to the PRSUs are publicly offered or listed on any stock exchange in Argentina.
The offer is private and not subject to the supervision of any Argentine governmental authority. 
 Exchange Control Information

 In the event that the Participant transfers proceeds in excess of US$2,000,000 from the sale of shares of Common Stock into Argentina in a
single month, he or she will be required to place 30% of any proceeds in excess of US$2,000,000 in a non-interest bearing, dollar-denominated mandatory deposit account for a holding period of 365 days. 

The Participant must comply with any and all Argentine currency exchange restrictions, approvals and reporting requirements in connection with the
vesting of the PRSUs and the subsequent sale of any shares acquired at vesting. 
  

 12 

 AUSTRALIA 

Securities Law Notice 
 If the
Participant acquires shares of the Corporation’s Common Stock pursuant to this Award and the Participant offers his or her shares of the Corporation’s Common Stock for sale to a person or entity resident in Australia, the offer may be
subject to disclosure requirements under Australian law. The Participant should obtain legal advice on his or her disclosure obligations prior to making any such offer. 

Award Payable Only in Shares 
 Awards
granted to Participants in Australia shall be paid in shares of Common Stock only and do not provide any right for Participant to receive a cash payment. 

Award Forfeited on Termination of Employment for Any Reason 

Notwithstanding any provision in the Award Agreement, Participant shall forfeit any unvested Award, including any accrued dividend equivalents, upon any
termination of employment including, but not limited to any termination that is due to a Qualified Termination of Employment, death, Retirement, Total and Permanent Disability, or the shutdown or divestiture of a business unit. 

BAHRAIN 
 There are no country-specific
provisions. 
 BELGIUM 
 Tax
Reporting 
 The Participant is required to report any taxable income attributable to the Award on his or her annual tax return. In addition,
the Participant is required to report any bank accounts opened and maintained outside Belgium on his or her annual tax return. 
 BOLIVIA

 There are no country-specific provisions. 

BRAZIL 
 Compliance with Law

 By accepting the Award, the Participant acknowledges that he or she agrees to comply with applicable Brazilian laws and pay any and all
applicable taxes associated with the vesting of the PRSUs, the conversion of the PRSUs into shares or the receipt of an equivalent cash payment, the receipt of any dividends, and the sale of shares of Common Stock acquired under the Plan.

  

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 Exchange Control Information 

If the Participant is resident or domiciled in Brazil, he or she will be required to submit annually a declaration of assets and rights held outside of
Brazil to the Central Bank of Brazil if the aggregate value of such assets and rights is equal to or greater than US$100,000. Assets and rights that must be reported include shares of Common Stock. 

CANADA 
 Award Payable Only in Shares

 Awards granted to Participants in Canada shall be paid in shares of the Corporation’s Common Stock only and do not provide any right
for Participant to receive a cash payment. 
 Securities Law Notice 

The Participant is permitted to sell shares acquired through the Plan through the designated broker appointed under the Plan, if any, provided the resale
of shares acquired under the Plan takes place outside of Canada through the facilities of a stock exchange on which the shares are listed. The Corporation’s shares are currently listed on New York Stock Exchange. 

The following provisions apply if the Participant is a resident of Quebec: 

Language Consent 
 The parties acknowledge
that it is their express wish that the Award Agreement, as well as all documents, notices and legal proceedings entered into, given or instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in English. 

Les parties reconnaissent avoir exigé la rédaction en anglais de la convention, ainsi que de tous documents exécutés, avis
donnés et procédures judiciaries intentées, directement ou indirectement, relativement à ou suite à la présente convention. 

Authorization to Release and Transfer Necessary Personal Information 

The Participant hereby authorizes the Corporation and the Corporation’s representatives to discuss with and obtain all relevant information from all
personnel, professional or not, involved in the administration and operation of the Plan. The Participant further authorizes the Corporation, any parent, subsidiary or Affiliate and the plan administrators to disclose and discuss the Plan with their
advisors. The Participant further authorizes the Corporation and any parent, subsidiary or Affiliate to record such information and to keep such information in the Participant’s employee file. 

CHILE 
 Securities Law Information

 Neither the Corporation nor its shares of Common Stock are registered with the Chilean Registry of Securities or under the control of the
Chilean Superintendence of Securities. 
  

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 Exchange Control Information 

The Participant is not required to repatriate funds obtained from the sale of shares or the receipt of any dividends. However, if the Participant decides
to repatriate such funds, the Participant must do so through the Formal Exchange Market if the amount of the funds exceeds US$10,000. In such case, the Participant must report the payment to a commercial bank or registered foreign exchange office
receiving the funds. 
 If the Participant’s aggregate investments held outside of Chile exceeds US$5,000,000 (including the investments
made under the Plan), the Participant must report the investments annually to the Central Bank. Annex 3.1 of Chapter XII of the Foreign Exchange Regulations must be used to file this report. 

Please note that exchange control regulations in Chile are subject to change. The Participant should consult with his or her personal legal advisor
regarding any exchange control obligations that the Participant may have prior to receiving proceeds from the sale of shares of Common Stock acquired under the Plan. 

Annual Tax Reporting Obligation 
 The
Chilean Internal Revenue Service (“CIRS”) requires all taxpayers to provide information annually regarding: (i) the taxes paid abroad, which they will use as a credit against Chilean income taxes, and (ii) the results of foreign
investments. These annual reporting obligations must be complied with by submitting a sworn statement setting forth this information before March 15 of each year. The forms to be used to submit the sworn statement are Tax Form 1853 “Annual
Sworn Statement Regarding Credits for Taxes Paid Abroad” and Tax Form 1851 “Annual Sworn Statement Regarding Investments Held Abroad.” If the Participant is not a Chilean citizen and has been a resident in Chile for less than three
years, the Participant is exempt from the requirement to file Tax Form 1853. These statements must be submitted electronically through the CIRS website: www.sii.cl. 

COLOMBIA 
 There are no country-specific
provisions. 
 COSTA RICA 

There are no country-specific provisions. 

CZECH REPUBLIC 
 Exchange Control
Information 
 The Czech National Bank may require the Participant to fulfill certain notification duties in relation to the acquisition of
shares of Common Stock and the opening and maintenance of a foreign account. However, because exchange control regulations change frequently and without notice, the Participant should consult with his or her personal legal advisor prior to the
vesting of the PRSUs and the sale of Common Stock to ensure compliance with current regulations. It is the Participant’s responsibility to comply with any applicable Czech exchange control laws. 

 

 15 

 DENMARK 

Danish Stock Option Act 
 By accepting
this Award, the Participant acknowledges that he or she has received a Danish translation of an Employer Statement, which is being provided to comply with the Danish Stock Option Act. 

Exchange Control Information 
 If the
Participant establishes an account holding shares or an account holding cash outside Denmark, he or she must report the account to the Danish Tax Administration. The form which should be used in this respect can be obtained from a local bank. (These
obligations are separate from and in addition to the obligations described below.) 
 Securities/Tax Reporting Information 

If the Participant holds shares of Common Stock acquired under the Plan in a brokerage account with a broker or bank outside Denmark, he or she is
required to inform the Danish Tax Administration about the account. For this purpose, the Participant must file a Form V (Erklaering V) with the Danish Tax Administration. The Form V must be signed both by the Participant and by the
applicable broker or bank where the account is held. By signing the Form V, the broker or bank undertakes to forward information to the Danish Tax Administration concerning the shares in the account without further request each year. By signing the
Form V, the Participant authorizes the Danish Tax Administration to examine the account. 
 In addition, if the Participant opens a brokerage
account (or a deposit account with a U.S. bank) for the purpose of holding cash outside Denmark, he or she is also required to inform the Danish Tax Administration about this account. To do so, the Participant must file a Form K (Erklaering
K) with the Danish Tax Administration. The Form K must be signed both by the Participant and by the applicable broker or bank where the account is held. By signing the Form K, the broker/bank undertakes an obligation, without further request
each year, to forward information to the Danish Tax Administration concerning the content of the account. By signing the Form K, the Participant authorizes the Danish Tax Administration to examine the account. 

DOMINICAN REPUBLIC 
 There are no
country-specific provisions. 
 ECUADOR 

There are no country-specific provisions. 

EL SALVADOR 
 There are no
country-specific provisions. 
  

 16 

 FRANCE 

PRSUs Not Tax-Qualified 
 The Participant
understands that this Award is not intended to be French tax-qualified. 
 Consent to Receive Information in English 

By accepting the Award Agreement providing for the terms and conditions of the Participant’s option grant, the Participant confirms having read and
understood the documents relating to this grant (the Plan and this Award Agreement) which were provided in English language. The Participant accepts the terms of those documents accordingly. 

En acceptant le Contrat d’Attribution décrivant les termes et conditions de l’attribution d’options, le participant confirme
ainsi avoir lu et compris les documents relatifs à cette attribution (le Plan U.S. et ce Contrat d’Attribution) qui ont été communiqués en langue anglaise. Le participant accepte les termes en connaissance de cause.

 GERMANY 
 Exchange
Control Information 
 Cross-border payments in excess of €12,500 must be reported monthly to the German Federal Bank. If the
Participant uses a German bank to transfer a cross-border payment in excess of €12,500 in connection with the sale of shares of Common Stock acquired under the Plan, the bank will make the report for the Participant. In addition, the
Participant must report any receivables, payables, or debts in foreign currency exceeding an amount of €5,000,000 on a monthly basis. 

GUATEMALA 
 Language Waiver

 By participating in the Plan, the Participant acknowledges that he or she is proficient in reading and understanding English and fully
understands the terms of the Plan, the Award Agreement and this Appendix A. 
 HONDURAS 

There are no country-specific provisions. 

HONG KONG 
 Securities Warning 

 The offer of this Award and the shares of Common Stock subject to this Award do not constitute a public offering of securities under Hong
Kong law and are available only to employees of the Corporation or its Affiliates participating in the Plan. The Participant should be aware that the contents of this Award Agreement have not been prepared in accordance with and are not intended to
constitute a “prospectus” for a public offering of securities under the applicable securities legislation in Hong Kong. Nor have the documents been reviewed by 

 

 17 

 
any regulatory authority in Hong Kong. This Award is intended only for the personal use of each Participant and may not be distributed to any other person. The Participant is advised to exercise
caution in relation to the offer. If the Participant is in any doubt about any of the contents of the Agreement, including this Appendix A, or the Plan, the Participant should obtain independent professional advice. 

Award Payable Only in Shares 
 Awards
granted to Participants in Hong Kong shall be paid in shares of Common Stock only and do not provide any right for the Participant to receive a cash payment. 

Sale of Shares 
 In the event the Award
vests within six months of the Grant Date, the Participant agrees that he or she will not dispose of the shares acquired prior to the six-month anniversary of the Grant Date. 

Occupational Retirement Schemes Ordinance Alert 

The Corporation specifically intends that neither the Award nor the Plan will be an occupational retirement scheme for purposes of the Occupational
Retirement Schemes Ordinance (“ORSO”). 
 INDIA 

Awards Payable in Cash Only 
 Awards
granted to Participants in India shall be paid in cash only and do not provide any right for the Participant to receive shares of Common Stock. 

Exchange Control Documentation 
 The
Participant understands that he or she must repatriate the cash payment acquired under the Plan to India and convert the proceeds into local currency within 90 days of receipt. The Participant will receive a foreign inward remittance certificate
(“FIRC”) from the bank where the foreign currency is deposited. The Participant should maintain the FIRC as evidence of the repatriation of funds in the event that the Reserve Bank of India, the Employer or the Corporation requests proof
of repatriation. 
 INDONESIA 

Exchange Control Information 
 If the
Participant remits funds into Indonesia, the Indonesian bank through which the transaction is made will submit a report on the transaction to the Bank of Indonesia for statistical reporting purposes. For transactions of US$10,000 or more, a
description of the transaction must be included in the report. Although the bank through which the transaction is made is required to make the report, the Participant must complete a “Transfer Report Form.” The Transfer Report Form will be
provided to the Participant by the bank through which the transaction is to be made. 
  

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 ISRAEL 

Securities Law Notification 
 The offer of
this Award does not constitute a public offering under the Securities Law, 1968. 
 Immediate Sale Requirement 

The Participant understands and agrees that, due to tax considerations in Israel, upon vesting of the Award, the shares of Common Stock acquired at
vesting of the Award will be sold immediately. The Participant further agrees that the Corporation is authorized to instruct its designated broker to assist with any mandatory sale of such shares (on the Participant’s behalf pursuant to this
authorization) and expressly authorizes the Corporation’s designated broker to complete the sale of such shares. Upon any such sale of shares, the sale proceeds, less any Tax-Related Items and broker’s fees or commissions, will be remitted
to the Participant in accordance with any applicable exchange control laws and regulations. 
 ITALY 

Data Privacy Notice and Consent. 
 This
provision replaces in its entirety the data privacy section in the Award Agreement: 
 The Participant understands that the Employer, the
Corporation and any Affiliate hold certain personal information about him or her, including, but not limited to, the Participant’s name, home address and telephone number, date of birth, social insurance or other identification number, salary,
nationality, job title, any shares of Common Stock or directorships held in the Corporation or any Affiliate, details of all Awards, or any other entitlement to shares of Common Stock awarded, cancelled, exercised, vested, unvested or outstanding in
the Participant’s favor, for the exclusive purpose of implementing, managing and administering the Plan (“Data”). The Participant is aware that providing the Corporation with Data is necessary for the performance of the Plan and that
his or her refusal to provide such Data would make it impossible for the Corporation to perform its contractual obligations and may affect the Participant’s ability to participate in the Plan. 

The Controller of personal data processing is Kimberly-Clark Corporation with registered offices at 351 Phelps Drive, Irving, Texas 75038, United
States of America, and, pursuant to Legislative Decree no. 196/2003, its representative in Italy is Kimberly-Clark s.r.l. at Via Della Rocca, 49, Torino, Italy. 

The Participant understands that Data may be transferred to the Corporation or any of its Affiliates, or to any third parties assisting in the
implementation, management and administration of the Plan including any transfer required to a broker or other third party with whom shares acquired pursuant to the vesting of the Award or cash from the sale of such shares may be deposited.
Furthermore, the recipients that may receive, possess, use, retain, and transfer such Data may be located in Italy or elsewhere, including outside the European Union, and that recipients’ country (e.g., the United States) may have different
data privacy laws and protections than Italy. 
  

 19 

 The processing activity, including transfer of Data abroad, including outside of the European Economic
Area, as herein specified and pursuant to applicable laws and regulations, does not require the Participant’s consent thereto as the processing is necessary to performance of contractual obligations related to implementation, administration,
and management of the Plan. The Participant understands that Data processing related to the purposes specified above shall take place under automated or non-automated conditions, anonymously when possible, that comply with the purposes for which
Data is collected and with confidentiality and security provisions as set forth by applicable laws and regulations, with specific reference to Legislative Decree no. 196/2003. 

The Participant understands that Data will be held only as long as is required by law or as necessary to implement, administer and manage the
Participant’s participation in the Plan. The Participant understands that, pursuant to Section 7 of the Legislative Decree no. 196/2003, he or she has the right to, including but not limited to, access, delete, update, correct, or
terminate, for legitimate reason, the Data processing. Furthermore, the Participant is aware that Data will not be used for direct marketing purposes. In addition, Data provided can be reviewed and questions or complaints can be addressed by
contacting the Participant’s local human resources representative. 
 Plan Document Acknowledgment 

In accepting the grant of this Award, the Participant acknowledges that he or she has received a copy of the Plan and the Award Agreement and has reviewed
the Plan and the Award Agreement, including this Appendix A, in their entirety and fully understands and accepts all provisions of the Plan and the Award Agreement, including this Appendix A. 

The Participant acknowledges that he or she has read and specifically and expressly approves the following sections of the Award Agreement:
Section 2(6) on Payment of Withholding Taxes; Section 5 on No Right of Continued Employment; Section 8 on Delaware Law to Govern; the section on Acknowledgment of Conditions; and the Data Privacy Notice and Consent section included in
this Appendix A. 
 Exchange Control Information 

The Participant is required to report in his or her annual tax return: (a) any transfers of cash or shares of Common Stock to or from Italy exceeding
€10,000 or the equivalent amount in U.S. dollars; and (b) any foreign investments or investments (including proceeds from the sale of shares of Common Stock acquired under the Plan) held outside of Italy exceeding €10,000 or the
equivalent amount in U.S. dollars, if the investment may give rise to income in Italy. The Participant is exempt from the formalities in (a) if the investments are made through an authorized broker resident in Italy, as the broker will comply
with the reporting obligation on the Participant’s behalf. 
 JAPAN 

There are no country-specific provisions. 
  

 20 

 KOREA 

Exchange Control Information 
 If the
Participant receives US$500,000 or more from the sale of shares of Common Stock, Korean exchange control laws require the Participant to repatriate the proceeds to Korea within 18 months of the sale. 

MALAYSIA 
 Insider Trading
Notification 
 The Participant should be aware of the Malaysian insider trading rules, which may impact the Participant’s acquisition
or disposal of shares acquired under the Plan. Under Malaysian insider trading rules, the Participant is prohibited from acquiring or selling shares or rights to shares (e.g., an Award) when in possession of information that is not generally
available and that the Participant knows or should know will have a material effect on the price of shares once such information is generally available. 

Director Notification Obligation 
 If the
Participant is a director of the Corporation’s Malaysian Affiliate, the Participant is subject to certain notification requirements under the Malaysian Companies Act. Among these requirements is an obligation to notify the Malaysian Affiliate
in writing when the Participant receives or disposes of an interest (e.g., an Award or shares) in the Corporation or any related company. Such notifications must be made within 14 days of receiving or disposing of any interest in the
Corporation or any related company. 
 MEXICO 

Modification 
 By accepting the Award, the
Participant understands and agrees that any modification of the Plan or the Award Agreement or its termination shall not constitute a change or impairment of the terms and conditions of employment. 

Acknowledgement of the Grant 
 In
accepting the Award, the Participant acknowledges that the Participant has received a copy of the Plan and the Award Agreement, including this Appendix A, has reviewed the Plan and the Award Agreement, including this Appendix A, in their entirety
and fully understands and accepts all provisions of the Plan and the Award Agreement, including this Appendix A. The Participant further acknowledges that the Participant has read and specifically and expressly approves the Acknowledgement of
Conditions section of the Award Agreement, in which the following is clearly described and established: 
  

	 	(1)	The Participant’s participation in the Plan does not constitute an acquired right. 

 

	 	(2)	The Plan and the Participant’s participation in the Plan are offered by the Corporation on a wholly discretionary basis. 

 

	 	(3)	The Participant’s participation in the Plan is voluntary. 

  

 21 

	 	(4)	Neither the Corporation nor any Affiliates are responsible for any decrease in the value of the Award granted and/or shares of Common Stock issued under the Plan.

 Labor Acknowledgment and Policy Statement 

In accepting the grant of this Award, the Participant expressly recognizes that Kimberly-Clark Corporation, with registered offices at 351 Phelps Drive,
Irving, Texas 75038, U.S.A., is solely responsible for the administration of the Plan and that the Participant’s participation in the Plan and acquisition of shares of Common Stock do not constitute an employment relationship between the
Participant and the Corporation since the Participant is participating in the Plan on a wholly commercial basis and his or her sole Employer is Kimberly-Clark de Mexico, S.A. de C.V. (“KCC-Mexico”). Based on the foregoing, the Participant
expressly recognizes that the Plan and the benefits that he or she may derive from participating in the Plan do not establish any rights between the Participant and the Employer, KCC-Mexico and do not form part of the employment conditions and/or
benefits provided by KCC-Mexico, and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of the Participant’s employment. 

The Participant further understands that his or her participation in the Plan is as a result of a unilateral and discretionary decision of the
Corporation; therefore, Kimberly-Clark Corporation reserves the absolute right to amend and/or discontinue the Participant’s participation at any time without any liability to the Participant. 

Finally, the Participant hereby declares that he or she does not reserve to him- or herself any action or right to bring any claim against Kimberly-Clark
Corporation for any compensation or damages regarding any provision of the Plan or the benefits derived under the Plan, and the Participant therefore grants a full and broad release to the Corporation, its Affiliates, branches, representation
offices, its shareholders, officers, agents, or legal representatives with respect to any claim that may arise. 
 Spanish Translation

 Modificación 

Al aceptar el Premio, el Participante entiende y acuerda que cualquier modificación al Plan o al Acuerdo o su terminación, no
cambiará o disminuirá los términos y condiciones de empleo. 
 Reconocimiento del Otorgamiento 

Al aceptar el Premio, el Participante está de acuerdo en haber recibido una copia del Plan, del Acuerdo incluyendo el presente Anexo
“A” y ha revisado el Plan y el Acuerdo, incluyendo este Anexo “A” en su totalidad y comprende y acepta todas las disposiciones previstas en el Plan, en el Acuerdo, incluyendo el presente Anexo “A”. Asimismo, el
Participante reconoce que ha leído y manifiesta su específica y expresa conformidad con los términos y condiciones establecidos del Acuerdo, en el cual claramente se describe y establece lo siguiente: 

 

	 	(1)	La participación del Participante en el Plan no constituye un derecho adquirido. 

 

	 	(2)	El Plan y la participación del Participante en el Plan se ofrecen por la Compañía de forma completamente discrecional.

  

	 	(3)	La participación del Participante en el Plan es voluntaria. 

  

 22 

	 	(4)	Ni la Compañía ni sus Afiliadas son responsables por la reducción del valor del Premio y/o Acciones Ordinarias emitidas bajo el Plan.

 Reconocimiento de la Legislación Laboral y Declaración de la Política 

Al aceptar el otorgamiento de este Premio, el Participante expresamente reconoce que Kimberly-Clark Corporation con oficinas registradas en 351 Phelps
Drive, Irving, Texas 75038, U.S.A., es la única responsable por la administración del Plan y que la participación del Participante en el Plan y en su caso la adquisición de las Opciones de Compra de Acciones o Acciones no
constituyen ni podrán interpretarse como una relación de trabajo entre el Participante y Kimberly-Clark Corporation, ya que el Participante participa en el Plan en un marco totalmente comercial y su único Patrón lo es
Kimberly-Clark de Mexico, S.A. de C.V., con domicilio en Kimberly-Clark de Mexico, S.A. de C.V. Mexico. Derivado de lo anterior, el Participante expresamente reconoce que el Plan y los beneficios que pudieran derivar de la participación en el
Plan no establecen derecho alguno entre el Participante y el Patrón, Kimberly-Clark de Mexico, S.A. de C.V. y no forma parte de las condiciones de trabajo y/o las prestaciones otorgadas por Kimberly-Clark de Mexico, S.A. de C.V. y que
cualquier modificación al Plan o su terminación no constituye un cambio o impedimento de los términos y condiciones de la relación de trabajo del Participante. 

Asimismo, el Participante reconoce que su participación en el Plan es resultado de una decisión unilateral y discrecional de
Kimberly-Clark Corporation por lo tanto, Kimberly-Clark Corporation se reserva el absoluto derecho de modificar y/o terminar la participación del Participante en cualquier momento y sin responsabilidad alguna frente el Participante.

 Finalmente, el Participante por este medio declara que no se reserva derecho o acción alguna que ejercitar en contra de
Kimberly-Clark Corporation por cualquier compensación o daño en relación con las disposiciones del Plan o de los beneficios derivados del Plan y por lo tanto, el Participante otorga el más amplio finiquito que en derecho
proceda a Kimberly-Clark Corporation , sus afiliadas, subsidiarias, oficinas de representación, sus accionistas, funcionarios, agentes o representantes legales en relación con cualquier demanda que pudiera surgir. 

NETHERLANDS 
 Consent to Comply with
Dutch Securities Law 
 The Participant has been granted Awards under the Plan, pursuant to which the Participant may acquire shares.
Participants who are residents of the Netherlands should be aware of the Dutch insider trading rules, which may impact the sale of such shares. In particular, the Participant may be prohibited from effecting certain share transactions if the
Participant has insider information regarding the Corporation. 
 Below is a discussion of the applicable restrictions. The Participant is
advised to read the discussion carefully to determine whether the insider rules apply to the Participant. If it is uncertain whether the insider rules apply, the Corporation recommends that the Participant consult with his or her personal legal
advisor. Please note that the Corporation cannot be held liable if the Participant violates the Dutch insider rules. The Participant is responsible for ensuring compliance with these rules. 

 

 23 

 By entering into the Award Agreement and participating in the Plan, the Participant acknowledges having
read and understood the notification below and acknowledges that it is his or her own responsibility to comply with the Dutch insider trading rules, as discussed herein. 

Prohibition Against Insider Trading 

Dutch securities laws prohibit insider trading. Under Article 46 of the Act on the Supervision of the Securities Trade 1995, anyone who has “inside
information” related to the Corporation is prohibited from effectuating a transaction in securities in or from the Netherlands. “Inside information” is knowledge of a detail concerning the issuer to which the securities relate that is
not public and which, if published, would reasonably be expected to affect the share price, regardless of the actual effect on the price. The insider could be any employee of the Corporation or its Dutch Affiliate who has inside information as
described above. 
 Given the broad scope of the definition of inside information, certain employees of the Corporation working at its Dutch
Affiliate may have inside information and thus, would be prohibited from effectuating a transaction in securities in the Netherlands at a time when he or she had such inside information. 

NEW ZEALAND 
 There are no
country-specific provisions. 
 NICARAGUA 

There are no country-specific provisions. 

PANAMA 
 Securities Law Information

 Neither this Award nor any shares of Common Stock that the Participant may acquire at vesting of this Award constitute a public offering
of securities, as they are available only to eligible employees of the Corporation and its Affiliates. 
 PARAGUAY 

There are no country-specific provisions. 

PERU 
 There are no country-specific
provisions. 
 PHILIPPINES 

Awards Payable in Cash Only 
 Awards
granted to Participants in the Philippines shall be paid in cash only and do not provide any right for the Participant to receive shares of Common Stock. 
  

 24 

 POLAND 

There are no country-specific provisions. 

PORTUGAL 
 Exchange Control
Information 
 If the Participant receives shares of Common Stock upon vesting of the Award, the acquisition of the shares should be reported
to the Banco de Portugal for statistical purposes. If the shares are deposited with a commercial bank or financial intermediary in Portugal, such bank or financial intermediary will submit the report on the Participant’s behalf. If the shares
are not deposited with a commercial bank or financial intermediary in Portugal, the Participant is responsible for submitting the report to the Banco de Portugal. 

PUERTO RICO 
 There are no
country-specific provisions. 
 RUSSIA 

U.S. Transaction 
 The Participant
understands that this Award shall be valid and this Award Agreement shall be concluded and become effective only when the Participant’s acceptance of the Award Agreement is received by the Corporation in the United States. Upon vesting of this
Award, any shares of Common Stock to be issued to the Participant shall be delivered to the Participant through a bank or brokerage account in the United States. 

Securities Law Notice 
 This Award
Agreement, the Plan and all other materials the Participant may receive regarding participation in the Plan do not constitute advertising or an offering of securities in Russia. Absent any requirement under local law, the issuance of shares of
Common Stock under the Plan has not and will not be registered in Russia and hence the shares described in any Plan-related documents may not be offered or placed in public circulation in Russia. 

Please note that, under the Russian law, the Participant is not permitted to sell the Corporation’s shares directly to other Russian individuals and
the Participant is not permitted to bring share certificates into Russia. All shares issued upon vesting of the Award will be maintained on the Participant’s behalf in the United States. 

 

 25 

 SINGAPORE 

Securities Law Information 
 The Award is
being made pursuant to the “Qualifying Person” exemption” under section 273(1)(f) of the Securities and Futures Act (Chapter 289, 2006 Ed.) (“SFA”). The Plan has not been lodged or registered as a prospectus with the
Monetary Authority of Singapore. The Participant should note that the Award is subject to section 257 of the SFA and the Participant will not be able to make (i) any subsequent sale of the shares of Common Stock in Singapore or (ii) any
offer of such subsequent sale of the shares of Common Stock subject to the Award in Singapore, unless such sale or offer is made pursuant to the exemptions under Part XIII Division (1) Subdivision (4) (other than section 280) of the SFA
(Chapter 289, 2006 Ed.). 
 Director Notification Obligation 

If the Participant is a director, associate director or shadow director of the Corporation’s Singapore Affiliate, the Participant is subject to
certain notification requirements under the Singapore Companies Act. Among these requirements is an obligation to notify the Corporation’s Singapore Affiliate in writing when the Participant receives an interest (e.g., an Award or
shares) in the Corporation or any Affiliate. In addition, the Participant must notify the Corporation’s Singapore Affiliate when he or she sells shares of the Corporation or of any Affiliate (including when the Participant sells shares issued
upon vesting and settlement of the Award). These notifications must be made within two days of acquiring or disposing of any interest in the Corporation or any Affiliate. In addition, a notification of the Participant’s interests in the
Corporation or any Affiliate must be made within two days of becoming a director. 
 SOUTH AFRICA 

Exchange Control Information 
 To
participate in the Plan, the Participant must comply with exchange control regulations and rulings (the “Exchange Control Regulations”) in South Africa. Currently, the Exchange Control Department of the South African Reserve Bank
(“Exchange Control”) requires that approval be sought for the purchase of securities by South African residents pursuant to foreign share incentive schemes, such as the acquisition of shares of Common Stock under the Plan. The Corporation
is in the process of obtaining such approval. 
 Because the Exchange Control Regulations change frequently and without notice, the Participant
understands that he or she should consult a legal advisor prior to the acquisition or sale of shares under the Plan to ensure compliance with current regulations. The Participant understands that it is his or her responsibility to comply with South
African exchange control laws, and neither the Corporation nor the Employer will be liable for any fines or penalties resulting from failure to comply with applicable laws. 

 

 26 

 Tax Acknowledgment 

By accepting the Award, the Participant agrees to notify the Employer of the amount of any gain realized upon vesting of the Award. If the Participant
fails to advise the Employer of the gain realized upon vesting, the Participant may be liable for a fine. The Participant will be responsible for paying any difference between the actual tax liability and the amount withheld. 

SPAIN 
 Termination of Employment 

 For purposes of this Award, a termination of employment includes a termination that is deemed an “unfair dismissal” or a
“constructive dismissal.” 
 Labor Law Acknowledgment 

By accepting the Award, the Participant acknowledges that he or she understands and agrees to participation in the Plan and that he or she has received a
copy of the Plan. 
 The Participant understands that the Corporation has unilaterally, gratuitously and discretionally decided to grant Awards
under the Plan to individuals who may be employees of the Corporation or its Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or
otherwise bind the Corporation or any of its Affiliates on an ongoing basis. Consequently, the Participant understands that any grant is given on the assumption and condition that it shall not become a part of any employment contract (either with
the Corporation or any of its Affiliates) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. Further, the Participant understands and freely accepts that there
is no guarantee that any benefit whatsoever shall arise from any gratuitous and discretionary grant since the future value of the Award and the underlying shares is unknown and unpredictable. In addition, the Participant understands that this grant
would not be made but for the assumptions and conditions referred to above; thus, the Participant understands, acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any
reason, then the Award shall be null and void. 
 Further, the Participant understands that the Award is a conditional right. Participant shall
forfeit any unvested Award upon termination of employment unless such termination is (i) due to a Qualified Termination of Employment, or (ii) if more than six months after the Grant Date, due to death, Retirement, Total and Permanent
Disability, or the shutdown or divestiture of a business unit. The terms of this paragraph apply even if the Participant is considered to be unfairly dismissed without good cause. 

SWITZERLAND 
 Securities Law
Notification 
 The Awards offered by the Corporation are considered a private offering in Switzerland; therefore, such offer is not subject
to registration in Switzerland. 
  

 27 

 TAIWAN 

Exchange Control Information 
 The
Participant may acquire and remit foreign currency (including proceeds from the sale of shares of Common Stock) into and out of Taiwan up to US$5,000,000 per year. If the transaction amount is TWD500,000 or more in a single transaction, the
Participant must submit a foreign exchange transaction form and also provide supporting documentation to the satisfaction of the remitting bank. 

If the transaction amount is US$500,000 or more, the Participant may be required to provide additional supporting documentation to the satisfaction of
the remitting bank. The Participant should consult his or her personal advisor to ensure compliance with applicable exchange control laws in Taiwan. 

THAILAND 
 Exchange Control
Information 
 When any shares of Common Stock received at vesting are sold or an equivalent cash payment at vesting is received, the
Participant must repatriate all cash proceeds to Thailand and then convert such proceeds to Thai Baht within 360 days of repatriation. If the amount of the Participant’s proceeds is US$20,000 or more, the Participant must specifically report
the inward remittance to the Bank of Thailand on a foreign exchange transaction form. If the Participant fails to comply with these obligations, then the Participant may be subject to penalties assessed by the Bank of Thailand. 

The Participant should consult his or her personal advisor prior to taking any action with respect to remittance of cash proceeds into Thailand. The
Participant is responsible for ensuring compliance with all exchange control laws in Thailand. 
 TRINIDAD & TOBAGO 

There are no country-specific provisions. 

TURKEY 
 There are no country-specific
provisions. 
 UKRAINE 

Awards Payable in Cash Only 
 Awards
granted to Participants in Ukraine shall be paid in cash only and do not provide any right for the Participant to receive shares of Common Stock. 
  

 28 

 UNITED KINGDOM 

Tax Acknowledgment 
 The following
information supplements the information regarding Tax-Related Items in the Acknowledgment of Conditions section of the Award Agreement: 
 If
payment or withholding of the income tax due is not made within 90 days of the event giving rise to the Tax-Related Items or such other period specified in section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act 2003 (the “Due
Date”), the amount of any uncollected Tax-Related Items shall constitute a loan owed by the Participant to the Employer, effective on the Due Date. The Participant agrees that the loan will bear interest at the then-current Her Majesty’s
Revenue and Customs official rate; it will be immediately due and repayable. Notwithstanding the foregoing, if the Participant is an officer or executive director (as within the meaning of Section 13(k) of the U.S. Securities and Exchange Act
of 1934, as amended), the terms of this provision will not apply to the Participant. In the event that the Participant is an officer or director, as defined above, and Tax-Related Items are not collected from or paid by the Participant by the Due
Date, the amount of any uncollected Tax-Related Items may constitute a benefit to the Participant on which additional income tax and National Insurance Contributions may be payable. The Participant acknowledges the Corporation or the Employer may
recover it at any time thereafter by any of the means referred to in the Award Agreement. The Participant authorizes the Corporation to withhold the transfer of any shares unless and until the loan is repaid in full. 

URUGUAY 
 There are no country-specific
provisions. 
 VENEZUELA 

Exchange Control Information 
 The
Participant should consult his or her personal advisor prior to repatriating the proceeds of the sale of shares of Common Stock to ensure compliance with the applicable exchange control regulations in Venezuela, as such regulations are subject to
frequent change. The Participant is responsible for ensuring compliance with all exchange control laws in Venezuela. 
 VIETNAM

 Awards Payable in Cash Only 

Awards granted to Participants in Vietnam shall be paid in cash only and do not provide any right for the Participant to receive shares of Common Stock.

  

 29 

 KIMBERLY-CLARK CORPORATION 

TIME-VESTED RESTRICTED STOCK UNIT 

AWARD AGREEMENT 
 This
Award, granted on                     ,             , by Kimberly-Clark
Corporation, a Delaware corporation (hereinafter called the “Corporation”), to                      (the “Participant) is
subject to the terms and conditions of the 2001 Equity Participation Plan (the “Plan”) and this Award Agreement, including any country-specific terms and conditions contained in Appendix A to this Award Agreement. 

W I T N E S S E T H: 

WHEREAS, the Corporation has adopted the Plan to encourage those employees who materially contribute, by managerial, scientific or other innovative
means, to the success of the Corporation or of an Affiliate, to acquire an ownership interest in the Corporation, thereby increasing their motivation for and interest in the Corporation’s or the Affiliate’s long-term success; 

NOW, THEREFORE, it is agreed as follows: 
  

	1.	Number of Share Units Granted. The Corporation hereby grants to the Participant the right to receive all or any part of
                     Time-Vested Restricted Stock Units (“RSUs”) of the $1.25 par value Common Stock of the Corporation, subject to
the terms, conditions and restrictions set forth herein and in the Plan. 

  

	2.	Transferability Restrictions. 

  

	 	(a)	Restricted Period. During the Restricted Period, the Participant may not sell, assign, transfer, or otherwise dispose of, or mortgage, pledge or otherwise
encumber the Award. The RSUs, including any accrued dividend equivalents, shall be subject to forfeiture until the Participant becomes vested in such Awards on the date that was approved on the Grant Date and as reflected on the Merrill Lynch
Benefits OnLine site, or any successor system, via the Grant Summary screen as the Future Lapsing table. 

 The
Restricted Period shall begin on the date of the granting of this Award, and shall end upon the vesting of the Award according to the schedule set forth above. Holders of Awards shall have none of the rights of a shareholder with respect to such
shares including, but not limited to, any right to receive dividends in cash or other property or other distribution or rights in respect of such shares except as otherwise provided in this Agreement, nor to vote such shares as the record owner
thereof. 
 During each year in the Restricted Period, the Participant will not be paid dividend equivalents on the unvested RSUs
but the Participant will receive a credit equal to dividends declared on the Corporation’s Common Stock which will be reinvested in additional RSUs at the then fair market value of the Corporation’s Common Stock on the date dividends are
paid, and the additional 

 
RSUs will be accumulated and paid if and when the RSUs vest, based on the actual number of RSUs that vest. In the case of dividends paid in property other than cash, the amount of the dividend
shall be deemed to be the fair market value of the property at the time of the payment of the dividend, as determined in good faith by the Corporation. The Corporation shall not be required to segregate any cash or other property of the Corporation.

  

	 	(b)	Termination of Employment. Participant shall forfeit any unvested Award, including any accrued dividend equivalents, upon termination of employment unless such
termination is (i) due to a Qualified Termination of Employment, or (ii) due to death, Total and Permanent Disability, or the shutdown or divestiture of a business unit. An authorized leave of absence shall not be deemed to be a
termination of employment if the period of such leave does not exceed six months, or if longer, so long as the Participant retains a right to reemployment with the Corporation or an Affiliate under an applicable statute or by contract. For purposes
of this subparagraph, a leave of absence constitutes a bona fide leave of absence only if there is a reasonable expectation that the Participant will return to perform services for the Corporation or an Affiliate. If the period of leave exceeds six
months and the Participant does not retain a right to reemployment under an applicable statute or by contract, the employment relationship is deemed to terminate on the first date immediately following such six-month period. Notwithstanding the
foregoing, where a leave of absence is due to any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than six months, where such impairment
causes the Participant to be unable to perform the duties of his or her position of employment or any substantially similar position of employment, a 29-month period of absence is substituted for such six-month period in determining whether a
termination of employment shall be deemed to have occurred. A termination of employment with the Corporation or an Affiliate to accept immediate reemployment with the Corporation or an Affiliate likewise shall not be deemed to be a termination of
employment if the level of bona fide services the Participant would perform after such date would permanently decrease to no more than 20 percent of the average level of bona fide services performed over the immediately preceding 36-month period (or
the full period of services to the Corporation or an Affiliate if the Participant has been providing such services less than 36 months). A Participant who is classified as an intermittent employee shall be deemed to have a termination of employment
for purposes of the Plan if the level of bona fide services the Participant would perform after such date would permanently decrease to less than 50 percent of the average level of bona fide services performed over the immediately preceding 36-month
period (or the full period of services to the Corporation or an Affiliate if the Participant has been providing such services less than 36 months). 

  

	 	(c)	Death or Total and Permanent Disability. If the Participant’s termination of employment is due to death or Total and Permanent Disability, it shall result
in pro rata vesting, as determined by the Committee, and the number of shares that are considered to vest shall be prorated for the number of full months of employment during the Restricted Period prior to the Participant’s termination of
employment, and shall be paid 90 days following the Participant’s termination of employment. 

  

 2 

	 	(d)	Shutdown or Divestiture. In the event that after the Grant Date the Participant’s termination of employment is due to the shutdown or divestiture of the
Corporation’s or its Affiliate’s business, it shall result in pro rata vesting, as determined by the Committee, and the number of shares that are considered to vest shall be determined at the end of the Restricted Period, prorated for the
number of full years of employment during the Restricted Period prior to the Participant’s termination of employment, and shall be paid within 90 days following the end of the Restricted Period. 

 

	 	(e)	Qualified Termination of Employment. In the event of a Qualified Termination of Employment all restrictions will lapse and the shares will become fully vested
and shall be paid within 10 days following the last day of employment of the Participant with the Corporation or an Affiliate. 

  

	 	(f)	Payment of Awards. The payment of the Award shall be made in shares of Common Stock. The payment of an Award shall be made within 90 days following the end of
the Restricted Period. 

  

	 	(g)	Payment of Withholding Taxes. No shares of Common Stock, nor any cash payment, may be delivered under this Award, unless prior to or simultaneously with such
issuance, the Participant or, in the event of his death, the person succeeding to his rights hereunder, shall pay to the Corporation such amount as the Corporation advises is required under applicable federal, state or local laws to withhold and pay
over to governmental taxing authorities by reason of the delivery of such shares of Common Stock and any cash payment pursuant to this Award. The Corporation may, in its discretion, withhold payment of required withholding taxes with cash or shares
of Common Stock which otherwise would be delivered following the date of vesting of the Award under this paragraph 2. 

  

	3.	Nontransferability. Neither the Award nor the Participant’s right to receive payment for vested Awards may be assigned or transferred except upon the death
of the Participant (i) by will, (ii) by the laws of descent and distribution or (iii) for Participants residing in the U.S. pursuant to a designation by the Participant of a beneficiary or beneficiaries, provided that no such
designation shall be effective unless filed with the Committee prior to the death of such Participant. 

  

	4.	Compliance with Law. No payment may be made under this Award, unless prior to the issuance thereof, the Corporation shall have received an opinion of counsel to
the effect that this Award by the Corporation to the Participant will not constitute a violation of the Securities Act of 1933, as amended. As a condition of this Award, the Participant shall, if requested by the Corporation, submit a written
statement in form satisfactory to counsel for the Corporation, to the effect that any shares received under this Award shall be for investment and not with a view to the distribution thereof within the meaning of the Securities Act of 1933, as
amended, and the Corporation shall have the right, in its discretion, to cause the certificates representing shares hereunder to be appropriately legended to refer to such undertaking or to any legal restrictions imposed upon the transferability
thereof by reason of such undertaking. 

  

 3 

 The Award granted hereby is subject to the condition that if the listing, registration or
qualification of the shares subject hereto on any securities exchange or under any state or federal law, or if the consent or approval of any regulatory body shall be necessary as a condition of, or in connection with, the granting of the Award or
the delivery of shares thereunder, such shares may not be delivered unless and until such listing, registration, qualification, consent or approval shall have been effected or obtained. The Corporation agrees to use its best efforts to obtain any
such requisite listing, registration, qualification, consent or approval. 
 The Participant is solely responsible for
obtaining/providing whatever exchange control approvals, permits, licenses, or notices, which may be necessary for the Participant to hold the Award, or to receive any payment of cash or shares or to hold or sell the shares subject to the Award, if
any. Neither the Corporation nor its Affiliates will be responsible for obtaining any such approvals, licenses or permits, or for making any such notices, nor will the Corporation or its Affiliates be liable for any fines or penalties the
Participant may incur for failure to obtain any required approvals, permits or licenses or to make any required notices. 
  

	5.	No Right of Continued Employment. The granting of this Award does not confer upon the Participant any legal right to be continued in the employ of the
Corporation or its Affiliates, and the Corporation and its Affiliates reserve the right to discharge the Participant whenever the interest of the Corporation or its Affiliates may so require without liability to the Corporation or its Affiliates,
the Board of Directors of the Corporation or its Affiliates, or the Committee, except as to any rights which may be expressly conferred on the Participant under this Award. 

 

	6.	Discretion of the Corporation, Board of Directors and the Committee. Any decision made or action taken by the Corporation or by the Board of Directors of the
Corporation or by the Committee arising out of or in connection with the construction, administration, interpretation and effect of this Award shall be within the absolute discretion of the Corporation, the Board of Directors of the Corporation or
the Committee, as the case may be, and shall be conclusive and binding upon all persons. 

  

	7.	Inalienability of Benefits and Interest. This Award and the rights and privileges conferred hereby shall not be subject in any manner to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance or charge, and any such attempted action shall be void and no such benefit or interest shall be in any manner liable for or subject to debts, contracts, liabilities, engagements, or torts
of the Participant. 

  

	8.	Delaware Law to Govern. The Plan is governed by and subject to the laws of the United States of America. All questions pertaining to the construction,
interpretation, regulation, validity and effect of the provisions of this Award and any rights under the Plan shall be determined in accordance with the laws of the State of Delaware. 

 

	9.	Purchase of Common Stock. The Corporation and its Affiliates may, but shall not be required to, purchase shares of Common Stock of the Corporation for purposes
of satisfying the requirements of this Award. The Corporation and its Affiliates shall have no obligation to retain and shall have the unlimited right to sell or otherwise deal with for their own account, any shares of Common Stock of the
Corporation purchased for satisfying the requirements of this Award. 

  

	10.	 Notices. Any notice to be given to the Corporation under this Award shall be addressed to the Corporation in care of its Director of
Compensation located at the World Headquarters, and any notice to be given to the Participant under the terms of this Award may be addressed to him at his address as it appears on the Corporation’s

  

 4 

	 	 
records, or at such other address as either party may hereafter designate in writing to the other. Any such notice shall be deemed to have been duly given if and when enclosed in a properly
sealed envelope or wrapper addressed as aforesaid, registered and deposited, postage and registry fee prepaid, in a post office or branch post office regularly maintained by the United States Government or by a foreign government.

  

	11.	Changes in Capitalization. In the event there are any changes in the Common Stock or the capitalization of the Corporation through a corporate transaction, such
as any merger, any acquisition through the issuance of capital stock of the Corporation, any consolidation, any separation of the Corporation (including a spin-off or other distribution of stock of the Corporation), any reorganization of the
Corporation (whether or not such reorganization comes within the definition of such term in section 368 of the Code), or any partial or complete liquidation by the Corporation, recapitalization, stock dividend, stock split or other change in the
corporate structure, appropriate adjustments and changes shall be made by the Committee in (a) the number of shares subject to this Award, and (b) such other provisions of this Award as may be necessary and equitable to carry out the
foregoing purposes. 

  

	12.	Effect on Other Plans. All benefits under this Award shall constitute special compensation and shall not affect the level of benefits provided to or received by
the Participant (or the Participant’s estate or beneficiaries) as part of any employee benefit plan of the Corporation or an Affiliate. This Award shall not be construed to affect in any way the Participant’s rights and obligations under
any other plan maintained by the Corporation or an Affiliate on behalf of employees. 

  

	13.	Discretionary Nature of Award. The grant of an Award is a one-time benefit and does not create any contractual or other right to receive a grant of Awards or
benefits in lieu of Awards in the future. Future grants, if any, will be at the sole discretion of the Corporation, including, but not limited to, the timing of any grant, the number of RSUs and vesting provisions. The value of the Award is an
extraordinary item of compensation outside the scope of the Participant’s employment contract, if any. As such, the Award is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of
service payments, bonuses, long-service awards, pension or retirement benefits or similar payments. 

  

	14.	Data Privacy. The Participant hereby authorizes their employer to furnish the Corporation (and any agent of the Corporation administering the Plan or providing
Plan recordkeeping services) with such information and data as it shall request in order to facilitate the grant of Awards and administration of the Plan and the Participant waives any data privacy rights such Participant might otherwise have with
respect to such information. 

  

	15.	Conflict with Plan. This Award is awarded pursuant to and subject to the Plan. This Agreement is intended to supplement and carry out the terms of the Plan. It
is subject to all terms and provisions of the Plan and, in the event of a conflict, the Plan shall prevail. 

  

	16.	Successors. This Award shall be binding upon and inure to the benefit of any successor or successors of the Corporation. 

 

 5 

	17.	Amendments. The Committee may at any time alter or amend this Award to the extent (1) permitted by law, (2) permitted by the rules of any stock
exchange on which the Common Stock or any other security of the Corporation is listed, and (3) permitted under applicable provisions of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended (including rule
16b-3 thereof). 

  

	18.	Defined Terms. Terms which are capitalized are defined herein or in the Plan and have the same meaning set forth in the Plan, unless the context indicates
otherwise. 

  

	19.	For U.S. Participants Only. A U.S. Participant who has not previously signed a noncompete agreement has until the end of the one hundred twenty (120) day
period beginning from the Grant Date of this Award to sign and return the Noncompete Agreement provided to such Participant. If the U.S. Participant does not sign and return the provided Noncompete Agreement on or before the end of such one hundred
twenty (120) day period then the grant of the Award, as set forth in Section 1, shall not be binding on and shall be voidable by the Corporation, in which case it shall have no further force or effect. 

 

	20.	Acceptance of Award Terms and Conditions. A Participant has until the end of the one hundred twenty (120) day period beginning from the Grant Date of this
Award to accept this Award Agreement. If the Participant does not accept this Award Agreement on or before the end of such one hundred twenty (120) day period then the grant of the Award, as set forth in Section 1, shall not be binding on
and shall be voidable by the Corporation, in which case it shall have no further force or effect. 

 Acknowledgment of
Conditions 
 I understand, acknowledge and agree to the following conditions with respect to the Award granted to me under the Plan:

  

	 	•	 	 The Plan is established voluntarily by the Corporation, is discretionary in nature and may be modified, amended, suspended, cancelled or terminated at
any time. The grant of an Award is a voluntary and occasional benefit and does not create any contractual or other right to receive an Award or benefits in lieu of an Award in the future, even if the Awards have been granted repeatedly in the past.
Future grants, if any, will be at the sole discretion of the Corporation, including, but not limited to, the timing of any grant, the number of Awards, vesting provisions and the exercise price. 

 

	 	•	 	 My participation in the Plan is voluntary. Participation in the Plan will not create a right to further employment with my actual employer (the
“Employer”) and shall not interfere with the ability of the Employer to terminate my employment relationship at any time. Further, the Award and my participation in the Plan will not be interpreted to form an employment contract or
relationship with the Corporation or any Affiliate. 

  

	 	•	 	 The Award and the shares of Common Stock subject to the Award are extraordinary items that do not constitute compensation of any kind for services of
any kind rendered to the Corporation or the Employer, and which are outside the scope of my employment contract, if any, and are not intended to replace any pension rights or compensation. As such, the Award is not part of normal or expected
compensation for purposes of calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension, retirement or welfare benefits or similar payments and in no event shall be
considered as compensation for, or relating in any way to, past services for the Corporation, the Employer or any Affiliate. 

  

 6 

	 	•	 	 The future value of the underlying shares is unknown and cannot be predicted with certainty. 

 

	 	•	 	 No claim or entitlement to compensation or damages shall arise from forfeiture of the Award resulting from termination of my employment by the
Corporation or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) and in consideration of the grant of the Award, to which I am otherwise not entitled, I irrevocably agree never to institute any claim against
the Corporation or the Employer, waive my ability, if any, to bring any such claim, and release the Corporation and the Employer from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction,
then, by participating in the Plan, I shall be deemed irrevocably to have agreed not to pursue such a claim and agree to execute any and all documents necessary to request dismissal or withdrawal of such claims. 

 

	 	•	 	 In the event of termination of my employment (whether or not in breach of local labor laws and except as otherwise explicitly provided in the Award
Agreement of the Plan), my right to receive RSUs and vest in the Award under the Plan, if any, will terminate effective as of the date that I am no longer actively employed and will not be extended by any notice period mandated under local law
(e.g., active employment would not include a period of “garden leave” or similar period pursuant to local law); the Committee shall have the exclusive discretion to determine when I am no longer actively employed for purposes of the
Award. 

  

	 	•	 	 The Corporation is not providing any tax, legal or financial advice, nor is the Corporation making any recommendations regarding participation in the
Plan, or my acquisition or sale of the underlying shares of Common Stock. Further, I have been advised to consult with my own advisors regarding participation in the Plan before taking any action related to the Plan. 

 

	 	•	 	 Regardless of any action the Corporation or the Employer takes with respect to any or all income tax (including federal, state and local taxes), social
insurance, payroll tax, payment on account or other tax-related items related to my participation in the Plan and legally applicable to me (“Tax-Related Items”), I acknowledge that the ultimate liability for all Tax-Related Items is and
remains my responsibility and may exceed the amount actually withheld by the Corporation or the Employer. I further acknowledge that the Corporation and/or the Employer (i) make no representations or undertakings regarding the treatment of any
Tax-Related Items in connection with any aspect of the Award, including the grant of the RSUs, the vesting of RSUs, the conversion of the RSUs into shares or the receipt of an equivalent cash payment, the subsequent sale of any shares acquired at
vesting and the receipt of any dividends or dividend equivalents; and (ii) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the Award to reduce or eliminate the my liability for Tax-Related Items
or achieve any particular tax result. Further, if I have become subject to tax in more than one jurisdiction between the Grant Date and the date of any relevant taxable or tax withholding event, as applicable, I acknowledge that the Corporation
and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 

 

 7 

	 	•	 	 Prior to the relevant taxable or tax withholding event, as applicable, I shall pay or make adequate arrangements satisfactory to the Corporation and/or
the Employer to satisfy or account for all Tax-Related Items. In this regard, I authorize the Corporation or the Employer, or their respective agents, at their discretion, to satisfy the obligations with regard to all Tax-Related Items by one or a
combination of the following: 

  

	 	(1)	withholding from my wages or other cash compensation paid to me by the Corporation and/or the Employer; or 

 

	 	(2)	withholding from proceeds of the sale of shares acquired upon vesting of the Award either through a voluntary sale or through a mandatory sale arranged by the
Corporation (on my behalf, pursuant to this authorization); or 

  

	 	(3)	withholding in shares to be issued upon vesting of the Award. 

  

	 	•	 	 To avoid negative accounting treatment, the Corporation may withhold or account for Tax-Related Items by considering applicable minimum statutory
withholding amounts or other applicable withholding rates. If the obligation for Tax-Related Items is satisfied by withholding in shares, for tax purposes, I am deemed to have been issued the full number of shares subject to the Award,
notwithstanding that a number of shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of my participation in the Plan. 

 

	 	•	 	 I shall pay to the Corporation or to the Employer any amount of Tax-Related Items that the Corporation or the Employer may be required to withhold or
account for as a result of my participation in the Plan that cannot be satisfied by the means previously described. The Corporation may refuse to deliver shares or the proceeds of the sale of shares to me if I fail to comply with my obligations in
connection with the Tax-Related Items. 

  

	 	•	 	 I hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of my personal data as described
in this Award Agreement by and among, as applicable, my Employer, the Corporation, and its Affiliates for the exclusive purpose of implementing, administering and managing my participation in the Plan. 

 

	 	•	 	 I understand that the Corporation and my Employer may hold certain personal information about me, including, but not limited to, my name, home
address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of Common Stock or directorships held in the Corporation, details of all Awards or any other entitlement
to shares awarded, canceled, vested, unvested or outstanding in my favor, for the purpose of implementing, administering and managing the Plan (“Data”). 

 

	 	•	 	 I understand that Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan, that
these recipients may be located in my country, or elsewhere, and that my country may have different data privacy laws and protections than my country. I understand that I may request a list with the names and addresses of any potential recipients of
the Data by contacting my local human resources representative. I authorize the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing my
participation in the Plan, including any requisite transfer of such Data as may be required to a broker, escrow agent or other third party with whom the shares received upon vesting of the RSUs may be deposited. I understand that Data will be held
only as long as is necessary to implement, administer and manage my participation in the Plan. 

 

 8 

	 	 
I understand that I may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the
consents herein, in any case without cost, by contacting in writing my local human resources representative. I understand that refusal or withdrawal of consent may affect my ability to participate in the Plan. For more information on the
consequences of my refusal to consent or withdrawal of consent, I understand that I may contact my local human resources representative. 

  

	 	•	 	 The Plan and the Award are governed by and subject to U.S. law. Interpretation of the Plan and my rights under the Plan will be governed by provisions
of U.S. law. For purposes of litigating any dispute that arises under this Award or Award Agreement, the parties submit to and consent to the jurisdiction of the State of Delaware, and agree that such litigation shall be conducted in the federal
courts for the United States for the Northern District of Texas and no other courts. 

  

	 	•	 	 I understand that I am solely responsible for obtaining/providing whatever exchange control approvals, permits, licenses or notices, which may be
necessary for my Award, to acquire the shares or to hold or sell the shares subject to the RSU award. Neither the Corporation nor its Affiliates will be responsible for obtaining such approvals, licenses or permits, or for making any such notices,
nor will the Corporation or its Affiliates be liable for any fines or penalties I may incur for failure to obtain any required approvals, permits or licenses or to make any required notices. 

 

	 	•	 	 The provisions of this Award Agreement are severable and if one or more of the provisions of this Award Agreement shall be held invalid, illegal or
otherwise unenforceable, in whole or in part, the remaining provisions shall nonetheless be binding and enforceable. To the extent that any provisions of this Award Agreement are held to be invalid or unenforceable in any respect, the validity,
legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and the invalid, illegal or unenforceable provisions shall be deemed null and void; however, to the extent permissible by law, any
provisions which could be deemed null and void shall first be construed, interpreted or revised retroactively to permit this Award Agreement to be construed so as to foster the intent of this Award Agreement and the Plan.

  

	 	•	 	 If I have received this Award Agreement or any other document related to the Plan translated into a language other than English and if the meaning of
the translated version is different than the English version, the English version will control. 

  

	 	•	 	 Notwithstanding any provisions in this Award Agreement, the Award shall be subject to any special terms and conditions set forth in Appendix A to this
Award Agreement for my country. Moreover, if I relocate to one of the countries included in Appendix A, the special terms and conditions for such country will apply to me, to the extent the Corporation determines that the application of such terms
and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. Appendix A constitutes part of this Award Agreement. 

 

	 	•	 	 The Corporation reserves the right to impose other requirements on my participation in the Plan, on the Award and on any shares acquired under the
Plan, to the extent the Corporation determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require me to sign any additional agreements or undertakings that may be necessary to
accomplish the foregoing. 

  

 9 

	 	•	 	 The Corporation may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic
means. I hereby consent to receive such documents by on-line delivery and agree to participate in the Plan through an on-line or electronic system established and maintained by the Corporation or a third-party designated by the Corporation.

 Conclusion and Acceptance 

I accept this grant via electronic signature by clicking the “Accept” icon and certify that I have read, understand and agree to the terms and
conditions of the 2001 Equity Participation Plan (the “Plan”), the provisions of the applicable Award Agreement and all other applicable documents (including any country-specific terms applicable to my grant). I hereby authorize my
Employer to furnish the Corporation (and any agent administering the Plan or providing recordkeeping services) with such information and data as it shall request in order to facilitate the grant of Awards and enable administration of the Plan and I
understand that such information shall be used only as long and to the extent necessary to administer my participation in the Plan. I agree that my participation in the Plan and the Awards granted to me under the Plan will be governed solely by
provisions of U.S. law. 
  

 10 

 KIMBERLY-CLARK CORPORATION 

TIME-VESTED RESTRICTED STOCK UNIT 

AWARD AGREEMENT 

APPENDIX A 
 This Appendix A
includes additional terms and conditions that govern the Award granted to the Participant under the Plan if the Participant resides in one of the countries listed below. Certain capitalized terms used but not defined in this Appendix A have the
meanings set forth in the Plan and/or the Award Agreement. 
 This Appendix A also includes information regarding exchange controls and certain
other issues of which the Participant should be aware with respect to the Participant’s participation in the Plan. The information is based on the securities, exchange control and other laws in effect in the respective countries as of April
2010. Such laws are often complex and change frequently. As a result, the Corporation strongly recommends that the Participant not rely on the information noted herein as the only source of information relating to the consequences of the
Participant’s participation in the Plan because the information may be out of date at vesting of the Award or the subsequent sale of the shares or receipt of any dividends or dividend equivalents. 

In addition, the information is general in nature and may not apply to the Participant’s particular situation, and the Corporation is not in a
position to assure the Participant of any particular result. Accordingly, the Participant is advised to seek appropriate professional advice as to how the relevant laws in the Participant’s country may apply to the Participant’s situation.

 Finally, if the Participant is a citizen or resident of a country other than the one in which the Participant is currently working,
transferred or transfers employment after the Award is granted or is considered a resident of another country for local law purposes, the information contained herein may not be applicable to the Participant. 

ARGENTINA 
 Securities Law Information

 Neither the RSUs nor the shares of Common Stock subject to the RSUs are publicly offered or listed on any stock exchange in Argentina. The
offer is private and not subject to the supervision of any Argentine governmental authority. 
 Exchange Control Information 

In the event that the Participant transfers proceeds in excess of US$2,000,000 from the sale of shares of Common Stock into Argentina in a single month,
he or she will be required to place 30% of any proceeds in excess of US$2,000,000 in a non-interest bearing, dollar-denominated mandatory deposit account for a holding period of 365 days. 

The Participant must comply with any and all Argentine currency exchange restrictions, approvals and reporting requirements in connection with the
vesting of the RSUs and the subsequent sale of any shares acquired at vesting. 
  

 11 

 AUSTRALIA 

Securities Law Notice 
 If the
Participant acquires shares of the Corporation’s Common Stock pursuant to this Award and the Participant offers his or her shares of the Corporation’s Common Stock for sale to a person or entity resident in Australia, the offer may be
subject to disclosure requirements under Australian law. The Participant should obtain legal advice on his or her disclosure obligations prior to making any such offer. 

Award Payable Only in Shares 
 Awards
granted to Participants in Australia shall be paid in shares of Common Stock only and do not provide any right for the Participant to receive a cash payment. 

BAHRAIN 
 There are no country-specific
provisions. 
 BELGIUM 
 Tax
Reporting 
 The Participant is required to report any taxable income attributable to the Award on his or her annual tax return. In addition,
the Participant is required to report any bank accounts opened and maintained outside Belgium on his or her annual tax return. 
 BOLIVIA

 There are no country-specific provisions. 

BRAZIL 
 Compliance with Law

 By accepting the Award, the Participant acknowledges that he or she agrees to comply with applicable Brazilian laws and pay any and all
applicable taxes associated with the vesting of the RSUs, the conversion of the RSUs into shares or the receipt of an equivalent cash payment, the receipt of any dividends, and the sale of shares of Common Stock acquired under the Plan. 

Exchange Control Information 
 If the
Participant is resident or domiciled in Brazil, he or she will be required to submit annually a declaration of assets and rights held outside of Brazil to the Central Bank of Brazil if the aggregate value of such assets and rights is equal to or
greater than US$100,000. Assets and rights that must be reported include shares of Common Stock. 
  

 12 

 CANADA 

Award Payable Only in Shares 
 Awards
granted to Participants in Canada shall be paid in shares of the Corporation’s Common Stock only and do not provide any right for Participant to receive a cash payment. 

Securities Law Notice 
 The Participant
is permitted to sell shares acquired through the Plan through the designated broker appointed under the Plan, if any, provided the resale of shares acquired under the Plan takes place outside of Canada through the facilities of a stock exchange on
which the shares are listed. The Corporation’s shares are currently listed on New York Stock Exchange. 
 The following provisions apply
if the Participant is a resident of Quebec: 
 Language Consent 

The parties acknowledge that it is their express wish that the Award Agreement, as well as all documents, notices and legal proceedings entered into,
given or instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in English. 
 Les parties reconnaissent avoir
exigé la rédaction en anglais de la convention, ainsi que de tous documents exécutés, avis donnés et procédures judiciaires intentées, directement ou indirectement, relativement à ou suite
à la présente convention. 
 Authorization to Release and Transfer Necessary Personal Information 

The Participant hereby authorizes the Corporation and the Corporation’s representatives to discuss with and obtain all relevant information from all
personnel, professional or not, involved in the administration and operation of the Plan. The Participant further authorizes the Corporation, any parent, subsidiary or Affiliate and the plan administrators to disclose and discuss the Plan with their
advisors. The Participant further authorizes the Corporation and any parent, subsidiary or Affiliate to record such information and to keep such information in the Participant’s employee file. 

CHILE 
 Securities Law Information

 Neither the Corporation nor its shares of Common Stock are registered with the Chilean Registry of Securities or under the control of the
Chilean Superintendence of Securities. 
 Exchange Control Information 

The Participant is not required to repatriate funds obtained from the sale of shares or the receipt of any dividends. However, if the Participant decides
to repatriate such funds, the Participant must do so through the Formal Exchange Market if the amount of the funds exceeds US$10,000. In such case, the Participant must report the payment to a commercial bank or registered foreign exchange office
receiving the funds. 
  

 13 

 If the Participant’s aggregate investments held outside of Chile exceeds US$5,000,000 (including the
investments made under the Plan), the Participant must report the investments annually to the Central Bank. Annex 3.1 of Chapter XII of the Foreign Exchange Regulations must be used to file this report. 

Please note that exchange control regulations in Chile are subject to change. The Participant should consult with his or her personal legal advisor
regarding any exchange control obligations that the Participant may have prior to receiving proceeds from the sale of shares of Common Stock acquired under the Plan. 

Annual Tax Reporting Obligation 
 The
Chilean Internal Revenue Service (“CIRS”) requires all taxpayers to provide information annually regarding: (i) the taxes paid abroad, which they will use as a credit against Chilean income taxes, and (ii) the results of foreign
investments. These annual reporting obligations must be complied with by submitting a sworn statement setting forth this information before March 15 of each year. The forms to be used to submit the sworn statement are Tax Form 1853 “Annual
Sworn Statement Regarding Credits for Taxes Paid Abroad” and Tax Form 1851 “Annual Sworn Statement Regarding Investments Held Abroad.” If the Participant is not a Chilean citizen and has been a resident in Chile for less than three
years, the Participant is exempt from the requirement to file Tax Form 1853. These statements must be submitted electronically through the CIRS website: www.sii.cl. 

COLOMBIA 
 There are no country-specific
provisions. 
 COSTA RICA 

There are no country-specific provisions. 

CZECH REPUBLIC 
 Exchange Control
Information 
 The Czech National Bank may require the Participant to fulfill certain notification duties in relation to the acquisition of
shares of Common Stock and the opening and maintenance of a foreign account. However, because exchange control regulations change frequently and without notice, the Participant should consult with his or her personal legal advisor prior to the
vesting of the RSUs and the sale of Common Stock to ensure compliance with current regulations. It is the Participant’s responsibility to comply with any applicable Czech exchange control laws. 

DENMARK 
 Danish Stock Option Act 

 By accepting this Award, the Participant acknowledges that he or she has received a Danish translation of an Employer Statement, which is
being provided to comply with the Danish Stock Option Act. 
  

 14 

 Exchange Control Information 

If the Participant establishes an account holding shares or an account holding cash outside Denmark, he or she must report the account to the Danish Tax
Administration. The form which should be used in this respect can be obtained from a local bank. (These obligations are separate from and in addition to the obligations described below.) 

Securities/Tax Reporting Information 
 If
the Participant holds shares of Common Stock acquired under the Plan in a brokerage account with a broker or bank outside Denmark, he or she is required to inform the Danish Tax Administration about the account. For this purpose, the Participant
must file a Form V (Erklaering V) with the Danish Tax Administration. The Form V must be signed both by the Participant and by the applicable broker or bank where the account is held. By signing the Form V, the broker or bank undertakes to
forward information to the Danish Tax Administration concerning the shares in the account without further request each year. By signing the Form V, the Participant authorizes the Danish Tax Administration to examine the account. 

In addition, if the Participant opens a brokerage account (or a deposit account with a U.S. bank) for the purpose of holding cash outside Denmark, he or
she is also required to inform the Danish Tax Administration about this account. To do so, the Participant must file a Form K (Erklaering K) with the Danish Tax Administration. The Form K must be signed both by the Participant and by the
applicable broker or bank where the account is held. By signing the Form K, the broker/bank undertakes an obligation, without further request each year, to forward information to the Danish Tax Administration concerning the content of the account.
By signing the Form K, the Participant authorizes the Danish Tax Administration to examine the account. 
 DOMINICAN REPUBLIC 

There are no country-specific provisions. 

ECUADOR 
 There are no country-specific
provisions. 
 EL SALVADOR 

There are no country-specific provisions. 

FRANCE 
 RSUs Not Tax-Qualified 

 The Participant understands that this Award is not intended to be French tax-qualified. 

Consent to Receive Information in English 

By accepting the Award Agreement providing for the terms and conditions of the Participant’s grant, the Participant confirms having read and
understood the documents relating to this grant (the Plan and this Award Agreement) which were provided in English language. The Participant accepts the terms of those documents accordingly. 

 

 15 

 En acceptant le Contrat d’Attribution décrivant les termes et conditions de
l’attribution, le participant confirme ainsi avoir lu et compris les documents relatifs à cette attribution (le Plan U.S. et ce Contrat d’Attribution) qui ont été communiqués en langue anglaise. Le participant
accepte les termes en connaissance de cause. 
 GERMANY 

Exchange Control Information 

Cross-border payments in excess of €12,500 must be reported monthly to the German Federal Bank. If the Participant uses a German bank to transfer a
cross-border payment in excess of €12,500 in connection with the sale of shares of Common Stock acquired under the Plan, the bank will make the report for the Participant. In addition, the Participant must report any receivables, payables, or
debts in foreign currency exceeding an amount of €5,000,000 on a monthly basis. 
 GUATEMALA 

Language Waiver 
 By participating in the
Plan, the Participant acknowledges that he or she is proficient in reading and understanding English and fully understands the terms of the Plan, the Award Agreement and this Appendix A. 

HONDURAS 
 There are no country-specific
provisions. 
 HONG KONG 

Securities Law Warning 
 The offer of
this Award and the shares of Common Stock subject to this Award do not constitute a public offering of securities under Hong Kong law and are available only to employees of the Corporation or its Affiliates participating in the Plan. The Participant
should be aware that the contents of this Award Agreement have not been prepared in accordance with and are not intended to constitute a “prospectus” for a public offering of securities under the applicable securities legislation in Hong
Kong. Nor have the documents been reviewed by any regulatory authority in Hong Kong. This Award is intended only for the personal use of each Participant and may not be distributed to any other person. The Participant is advised to exercise caution
in relation to the offer. If the Participant is in any doubt about any of the contents of the Agreement, including this Appendix A, or the Plan, the Participant should obtain independent professional advice. 

Award Payable Only in Shares 
 Awards
granted to Participants in Hong Kong shall be paid in shares of Common Stock only and do not provide any right for the Participant to receive a cash payment. 
  

 16 

 Sale of Shares 

In the event the Award vests within six months of the Grant Date, the Participant agrees that he or she will not dispose of the shares acquired prior to
the six-month anniversary of the Grant Date. 
 Occupational Retirement Schemes Ordinance Alert 

The Corporation specifically intends that neither the Award nor the Plan will be an occupational retirement scheme for purposes of the Occupational
Retirement Schemes Ordinance (“ORSO”). 
 INDIA 

Awards Payable in Cash Only 
 Awards
granted to Participants in India shall be paid in cash only and do not provide any right for the Participant to receive shares of Common Stock. 

Exchange Control Documentation 
 The
Participant understands that he or she must repatriate the cash payment acquired under the Plan to India and convert the proceeds into local currency within 90 days of receipt. The Participant will receive a foreign inward remittance certificate
(“FIRC”) from the bank where the foreign currency is deposited. The Participant should maintain the FIRC as evidence of the repatriation of funds in the event that the Reserve Bank of India, the Employer or the Corporation requests proof
of repatriation. 
 INDONESIA 

Exchange Control Information 
 If the
Participant remits funds into Indonesia, the Indonesian bank through which the transaction is made will submit a report on the transaction to the Bank of Indonesia for statistical reporting purposes. For transactions of US$10,000 or more, a
description of the transaction must be included in the report. Although the bank through which the transaction is made is required to make the report, the Participant must complete a “Transfer Report Form.” The Transfer Report Form will be
provided to the Participant by the bank through which the transaction is to be made. 
 ISRAEL 

Securities Law Notification 
 The offer of
this Award does not constitute a public offering under Securities Law, 1968. 
 Immediate Sale Requirement 

The Participant understands and agrees that, due to tax considerations in Israel, upon vesting of the Award, the shares of Common Stock acquired at
vesting of the Award will be sold immediately. The Participant further agrees that the Corporation is authorized to instruct its designated broker to assist with any mandatory sale of such shares (on the Participant’s

  

 17 

 
behalf pursuant to this authorization) and expressly authorizes the Corporation’s designated broker to complete the sale of such shares. Upon any such sale of shares, the sale proceeds, less
any Tax-Related Items and broker’s fees or commissions, will be remitted to the Participant in accordance with any applicable exchange control laws and regulations. 

ITALY 
 Data Privacy Notice and
Consent. 
 This provision replaces in its entirety the data privacy section in the Award Agreement: 

The Participant understands that the Employer, the Corporation and any Affiliate hold certain personal information about him or her, including, but
not limited to, the Participant’s name, home address and telephone number, date of birth, social insurance or other identification number, salary, nationality, job title, any shares of Common Stock or directorships held in the Corporation or
any Affiliate, details of all Awards, or any other entitlement to shares of Common Stock awarded, cancelled, exercised, vested, unvested or outstanding in the Participant’s favor, for the exclusive purpose of implementing, managing and
administering the Plan (“Data”). The Participant is aware that providing the Corporation with Data is necessary for the performance of the Plan and that his or her refusal to provide such Data would make it impossible for the Corporation
to perform its contractual obligations and may affect the Participant’s ability to participate in the Plan. 
 The Controller
of personal data processing is Kimberly-Clark Corporation with registered offices at 351 Phelps Drive, Irving, Texas 75038, United States of America, and, pursuant to Legislative Decree no. 196/2003, its representative in Italy is Kimberly-Clark
s.r.l. at Via Della Rocca, 49, Torino, Italy. 
 The Participant understands that Data may be transferred to the Corporation or
any of its Affiliates, or to any third parties assisting in the implementation, management and administration of the Plan including any transfer required to a broker or other third party with whom shares acquired pursuant to the vesting of the Award
or cash from the sale of such shares may be deposited. Furthermore, the recipients that may receive, possess, use, retain, and transfer such Data may be located in Italy or elsewhere, including outside the European Union, and that recipients’
country (e.g., the United States) may have different data privacy laws and protections than Italy. 
 The processing activity,
including transfer of Data abroad, including outside of the European Economic Area, as herein specified and pursuant to applicable laws and regulations, does not require the Participant’s consent thereto as the processing is necessary to
performance of contractual obligations related to implementation, administration, and management of the Plan. The Participant understands that Data processing related to the purposes specified above shall take place under automated or non-automated
conditions, anonymously when possible, that comply with the purposes for which Data is collected and with confidentiality and security provisions as set forth by applicable laws and regulations, with specific reference to Legislative Decree no.
196/2003. 
 The Participant understands that Data will be held only as long as is required by law or as necessary to implement,
administer and manage the Participant’s participation in the Plan. The Participant understands that, pursuant to Section 7 of the Legislative Decree no. 196/2003, 

 

 18 

 
he or she has the right to, including but not limited to, access, delete, update, correct, or terminate, for legitimate reason, the Data processing. Furthermore, the Participant is aware that
Data will not be used for direct marketing purposes. In addition, Data provided can be reviewed and questions or complaints can be addressed by contacting the Participant’s local human resources representative. 

Plan Document Acknowledgment 
 In
accepting the grant of this Award, the Participant acknowledges that he or she has received a copy of the Plan and the Award Agreement and has reviewed the Plan and the Award Agreement, including this Appendix A, in their entirety and fully
understands and accepts all provisions of the Plan and the Award Agreement, including this Appendix A. 
 The Participant acknowledges that he
or she has read and specifically and expressly approves the following sections of the Award Agreement: Section 2(6) on Payment of Withholding Taxes; Section 5 on No Right of Continued Employment; Section 8 on Delaware Law to Govern;
the section on Acknowledgment of Conditions; and the Data Privacy Notice and Consent section included in this Appendix A. 
 Exchange Control
Information 
 The Participant is required to report in his or her annual tax return: (a) any transfers of cash or shares of Common
Stock to or from Italy exceeding €10,000 or the equivalent amount in U.S. dollars; and (b) any foreign investments or investments (including proceeds from the sale of shares of Common Stock acquired under the Plan) held outside of Italy
exceeding €10,000 or the equivalent amount in U.S. dollars, if the investment may give rise to income in Italy. The Participant is exempt from the formalities in (a) if the investments are made through an authorized broker resident in
Italy, as the broker will comply with the reporting obligation on the Participant’s behalf. 
 JAPAN 

There are no country-specific provisions. 

KOREA 
 Exchange Control Information

 If the Participant receives US$500,000 or more from the sale of shares of Common Stock, Korean exchange control laws require the
Participant to repatriate the proceeds to Korea within 18 months of the sale. 
 MALAYSIA 

Insider Trading Notification 
 The
Participant should be aware of the Malaysian insider trading rules, which may impact the Participant’s acquisition or disposal of shares acquired under the Plan. Under Malaysian insider trading rules, the Participant is prohibited from
acquiring or selling shares or rights to shares (e.g., an Award) when in possession of information that is not generally available and that the Participant knows or should know will have a material effect on the price of shares once such
information is generally available. 
  

 19 

 Director Notification Obligation 

If the Participant is a director of the Corporation’s Malaysian Affiliate, the Participant is subject to certain notification requirements under the
Malaysian Companies Act. Among these requirements is an obligation to notify the Malaysian Affiliate in writing when the Participant receives or disposes of an interest (e.g., an Award or shares) in the Corporation or any related company.
Such notifications must be made within 14 days of receiving or disposing of any interest in the Corporation or any related company. 
 MEXICO

 Modification 
 By
accepting the Award, the Participant understands and agrees that any modification of the Plan or the Award Agreement or its termination shall not constitute a change or impairment of the terms and conditions of employment. 

Acknowledgment of the Grant 
 In
accepting the Award, the Participant acknowledges that the Participant has received a copy of the Plan and the Award Agreement, including this Appendix A, has reviewed the Plan and the Award Agreement, including this Appendix A, in their entirety
and fully understands and accepts all provisions of the Plan and the Award Agreement, including this Appendix A. The Participant further acknowledges that the Participant has read and specifically and expressly approves the Acknowledgement of
Conditions section of the Award Agreement, in which the following is clearly described and established: 
  

	 	(1)	The Participant’s participation in the Plan does not constitute an acquired right. 

 

	 	(2)	The Plan and the Participant’s participation in the Plan are offered by the Corporation on a wholly discretionary basis. 

 

	 	(3)	The Participant’s participation in the Plan is voluntary. 

  

	 	(4)	Neither the Corporation nor any Affiliates are responsible for any decrease in the value of the Award granted and/or shares of Common Stock issued under the Plan.

 Labor Acknowledgment and Policy Statement 

In accepting the grant of this Award, the Participant expressly recognizes that the Corporation, with registered offices at 351 Phelps Drive, Irving,
Texas 75038, U.S.A., is solely responsible for the administration of the Plan and that the Participant’s participation in the Plan and acquisition of shares of Common Stock do not constitute an employment relationship between the Participant
and the Corporation since the Participant is participating in the Plan on a wholly commercial basis and his or her sole Employer is Kimberly-Clark de Mexico, S.A. de C.V. (“KCC-Mexico”). Based on the foregoing, the Participant expressly
recognizes that the Plan and the benefits that he or she may derive from participating in the Plan do not establish any rights between the Participant and the Employer, KCC-Mexico and do not form part of the employment conditions and/or benefits
provided by KCC-Mexico, and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of the Participant’s employment. 

 

 20 

 The Participant further understands that his or her participation in the Plan is as a result of a unilateral
and discretionary decision of the Corporation; therefore, the Corporation reserves the absolute right to amend and/or discontinue the Participant’s participation at any time without any liability to the Participant. 

Finally, the Participant hereby declares that he or she does not reserve to him- or herself any action or right to bring any claim against the
Corporation for any compensation or damages regarding any provision of the Plan or the benefits derived under the Plan, and the Participant therefore grants a full and broad release to the Corporation, its Affiliates, branches, representation
offices, its shareholders, officers, agents, or legal representatives with respect to any claim that may arise. 
 Spanish Translation

 Modificación 

Al aceptar el Premio, el Participante entiende y acuerda que cualquier modificación al Plan o al Acuerdo o su terminación, no
cambiará o disminuirá los términos y condiciones de empleo. 
 Reconocimiento del Otorgamiento 

Al aceptar el Premio, el Participante está de acuerdo en haber recibido una copia del Plan, del Acuerdo incluyendo el presente Anexo
“A” y ha revisado el Plan y el Acuerdo, incluyendo este Anexo “A” en su totalidad y comprende y acepta todas las disposiciones previstas en el Plan, en el Acuerdo, incluyendo el presente Anexo “A”. Asimismo, el
Participante reconoce que ha leído y manifiesta su específica y expresa conformidad con los términos y condiciones establecidos del Acuerdo, en el cual claramente se describe y establece lo siguiente: 

 

	 	(1)	La participación del Participante en el Plan no constituye un derecho adquirido. 

 

	 	(2)	El Plan y la participación del Participante en el Plan se ofrecen por la Compañía de forma completamente discrecional.

  

	 	(3)	La participación del Participante en el Plan es voluntaria. 

  

	 	(4)	Ni la Compañía ni sus Afiliadas son responsables por la reducción del valor del Premio y/o Acciones Ordinarias emitidas bajo el Plan.

 Reconocimiento de la Legislación Laboral y Declaración de la Política 

Al aceptar el otorgamiento de este Premio, el Participante expresamente reconoce que Kimberly-Clark Corporación con oficinas registradas en 351
Phelps Drive, Irving, Texas 75038, EE.UU., es la única responsable por la administración del Plan y que la participación del Participante en el Plan y en su caso la adquisición de las Opciones de Compra de Acciones o
Acciones no constituyen ni podrán interpretarse como una relación de trabajo entre el Participante y Kimberly-Clark Corporación, ya que el Participante participa en el Plan en un marco totalmente comercial y su único
Patrón lo es Kimberly-Clark de México, S.A. de C.V., con domicilio en Kimberly-Clark de México, S.A. de C.V. México. Derivado de lo anterior, el Participante expresamente reconoce que el Plan y los beneficios que pudieran
derivar de la participación en el Plan no establecen derecho alguno entre el Participante y el 
  

 21 

 
Patrón, Kimberly-Clark de México, S.A. de C.V. y no forma parte de las condiciones de trabajo y/o las prestaciones otorgadas por Kimberly-Clark de México, S.A. de C.V. y que
cualquier modificación al Plan o su terminación no constituye un cambio o impedimento de los términos y condiciones de la relación de trabajo del Participante. 

Asimismo, el Participante reconoce que su participación en el Plan es resultado de una decisión unilateral y discrecional de
Kimberly-Clark Corporación por lo tanto, Kimberly-Clark Corporación se reserva el absoluto derecho de modificar y/o terminar la participación del Participante en cualquier momento y sin responsabilidad alguna frente el
Participante. 
 Finalmente, el Participante por este medio declara que no se reserva derecho o acción alguna que ejercitar en
contra de Kimberly-Clark Corporación por cualquier compensación o daño en relación con las disposiciones del Plan o de los beneficios derivados del Plan y por lo tanto, el Participante otorga el más amplio
finiquito que en derecho proceda a Kimberly-Clark Corporación, sus afiliadas, subsidiarias, oficinas de representación, sus accionistas, funcionarios, agentes o representantes legales en relación con cualquier demanda que
pudiera surgir. 
 NETHERLANDS 

Consent to Comply with Dutch Securities Law 

The Participant has been granted Awards under the Plan, pursuant to which the Participant may acquire shares. Participants who are residents of the
Netherlands should be aware of the Dutch insider trading rules, which may impact the sale of such shares. In particular, the Participant may be prohibited from effecting certain share transactions if the Participant has insider information regarding
the Corporation. 
 Below is a discussion of the applicable restrictions. The Participant is advised to read the discussion carefully to
determine whether the insider rules apply to the Participant. If it is uncertain whether the insider rules apply, the Corporation recommends that the Participant consult with his or her personal legal advisor. Please note that the Corporation cannot
be held liable if the Participant violates the Dutch insider rules. The Participant is responsible for ensuring compliance with these rules. 

By entering into the Award Agreement and participating in the Plan, the Participant acknowledges having read and understood the notification below and
acknowledges that it is his or her own responsibility to comply with the Dutch insider trading rules, as discussed herein. 
 Prohibition
Against Insider Trading 
 Dutch securities laws prohibit insider trading. Under Article 46 of the Act on the Supervision of the Securities
Trade 1995, anyone who has “inside information” related to the Corporation is prohibited from effectuating a transaction in securities in or from the Netherlands. “Inside information” is knowledge of a detail concerning the
issuer to which the securities relate that is not public and which, if published, would reasonably be expected to affect the share price, regardless of the actual effect on the price. The insider could be any employee of the Corporation or its Dutch
Affiliate who has inside information as described above. 
 Given the broad scope of the definition of inside information, certain employees of
the Corporation working at its Dutch Affiliate may have inside information and thus, would be prohibited from effectuating a transaction in securities in the Netherlands at a time when he or she had such inside information. 

 

 22 

 NEW ZEALAND 

There are no country-specific provisions. 

NICARAGUA 
 There are no country-specific
provisions. 
 PANAMA 

Securities Law Information 
 Neither this
Award nor any shares of Common Stock that the Participant may acquire at vesting of this Award constitute a public offering of securities, as they are available only to eligible employees of the Corporation and its Affiliates. 

PARAGUAY 
 There are no country-specific
provisions. 
 PERU 
 There are
no country-specific provisions. 
 PHILIPPINES 

Awards Payable in Cash Only 
 Awards
granted to Participants in the Philippines shall be paid in cash only and do not provide any right for the Participant to receive shares of Common Stock. 

POLAND 
 There are no country-specific
provisions. 
 PORTUGAL 

Exchange Control Information 
 If the
Participant receives shares of Common Stock upon vesting of the Award, the acquisition of the shares should be reported to the Banco de Portugal for statistical purposes. If the shares are deposited with a commercial bank or financial intermediary
in Portugal, such bank or financial intermediary will submit the report on the Participant’s behalf. If the shares are not deposited with a commercial bank or financial intermediary in Portugal, the Participant is responsible for submitting the
report to the Banco de Portugal. 
  

 23 

 PUERTO RICO 

There are no country-specific provisions. 

RUSSIA 
 U.S. Transaction

 The Participant understands that this Award shall be valid and this Award Agreement shall be concluded and become effective only when the
Participant’s acceptance of the Award Agreement is received by the Corporation in the United States. Upon vesting of this Award, any shares of Common Stock to be issued to the Participant shall be delivered to the Participant through a bank or
brokerage account in the United States. 
 Securities Law Notice 

This Award Agreement, the Plan and all other materials the Participant may receive regarding participation in the Plan do not constitute advertising or an
offering of securities in Russia. Absent any requirement under local law, the issuance of shares of Common Stock under the Plan has not and will not be registered in Russia and hence the shares described in any Plan-related documents may not be
offered or placed in public circulation in Russia. 
 Please note that, under the Russian law, the Participant is not permitted to sell the
Corporation’s shares directly to other Russian individuals and the Participant is not permitted to bring share certificates into Russia. All shares issued upon vesting of the Award will be maintained on the Participant’s behalf in the
United States. 
 SINGAPORE 

Securities Law Information 
 The Award is
being made pursuant to the “Qualifying Person” exemption” under section 273(1)(f) of the Securities and Futures Act (Chapter 289, 2006 Ed.) (“SFA”). The Plan has not been lodged or registered as a prospectus with the
Monetary Authority of Singapore. The Participant should note that the Award is subject to section 257 of the SFA and the Participant will not be able to make (i) any subsequent sale of the shares of Common Stock in Singapore or (ii) any
offer of such subsequent sale of the shares of Common Stock subject to the Award in Singapore, unless such sale or offer is made pursuant to the exemptions under Part XIII Division (1) Subdivision (4) (other than section 280) of the SFA
(Chapter 289, 2006 Ed.). 
 Director Notification Obligation 

If the Participant is a director, associate director or shadow director of the Corporation’s Singapore Affiliate, the Participant is subject to
certain notification requirements under the Singapore Companies Act. Among these requirements is an obligation to notify the Corporation’s Singapore Affiliate in writing when the Participant receives an interest (e.g., an Award or
shares) in the Corporation or any Affiliate. In addition, the Participant must notify the Corporation’s Singapore Affiliate when he or she sells shares of the Corporation or of any Affiliate (including when the Participant sells shares issued
upon vesting and settlement of the Award). These notifications must be made within two days of acquiring or disposing of any interest in the Corporation or any Affiliate. In addition, a notification of the Participant’s interests in the
Corporation or any Affiliate must be made within two days of becoming a director. 
  

 24 

 SOUTH AFRICA 

Exchange Control Information 
 To
participate in the Plan, the Participant must comply with exchange control regulations and rulings (the “Exchange Control Regulations”) in South Africa. Currently, the Exchange Control Department of the South African Reserve Bank
(“Exchange Control”) requires that approval be sought for the purchase of securities by South African residents pursuant to foreign share incentive schemes, such as the acquisition of shares of Common Stock under the Plan. The Corporation
is in the process of obtaining such approval. 
 Because the Exchange Control Regulations change frequently and without notice, the Participant
understands that he or she should consult a legal advisor prior to the acquisition or sale of shares under the Plan to ensure compliance with current regulations. The Participant understands that it is his or her responsibility to comply with South
African exchange control laws, and neither the Corporation nor the Employer will be liable for any fines or penalties resulting from failure to comply with applicable laws. 

Tax Acknowledgment 
 By accepting the
Award, the Participant agrees to notify the Employer of the amount of any gain realized upon vesting of the Award. If the Participant fails to advise the Employer of the gain realized upon vesting, the Participant may be liable for a fine. The
Participant will be responsible for paying any difference between the actual tax liability and the amount withheld. 
 SPAIN 

Termination of Employment 
 For purposes
of this Award, a termination of employment includes a termination that is deemed an “unfair dismissal” or a “constructive dismissal.” 

Labor Law Acknowledgment 
 By accepting
the Award, the Participant acknowledges that he or she understands and agrees to participation in the Plan and that he or she has received a copy of the Plan. 

The Participant understands that the Corporation has unilaterally, gratuitously and discretionally decided to grant Awards under the Plan to individuals
who may be employees of the Corporation or its Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Corporation
or any of its Affiliates on an ongoing basis. Consequently, the Participant understands that any grant is given on the assumption and condition that it shall not become a part of any employment contract (either with the Corporation or any of its
Affiliates) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. Further, the Participant understands and freely accepts that there is no guarantee that any
benefit whatsoever shall arise from any gratuitous and discretionary grant since the future value of the Award and the underlying shares is unknown and unpredictable. In addition, the Participant understands that this grant

  

 25 

 
would not be made but for the assumptions and conditions referred to above; thus, the Participant understands, acknowledges and freely accepts that should any or all of the assumptions be
mistaken or should any of the conditions not be met for any reason, then the Award shall be null and void. 
 Further, the Participant
understands that the Award is a conditional right. Participant shall forfeit any unvested Award upon termination of employment unless such termination is (i) due to a Qualified Termination of Employment, or (ii) if more than six months
after the Grant Date, due to death, Total and Permanent Disability, or the shutdown or divestiture of a business unit. The terms of this paragraph apply even if the Participant is considered to be unfairly dismissed without good cause. 

SWITZERLAND 
 Securities Law
Notification 
 The Awards offered by the Corporation are considered a private offering in Switzerland; therefore, such offer is not subject
to registration in Switzerland. 
 TAIWAN 

Exchange Control Information 
 The
Participant may acquire and remit foreign currency (including proceeds from the sale of shares of Common Stock) into and out of Taiwan up to US$5,000,000 per year. If the transaction amount is TWD500,000 or more in a single transaction, the
Participant must submit a foreign exchange transaction form and also provide supporting documentation to the satisfaction of the remitting bank. 

If the transaction amount is US$500,000 or more, the Participant may be required to provide additional supporting documentation to the satisfaction of
the remitting bank. The Participant should consult his or her personal advisor to ensure compliance with applicable exchange control laws in Taiwan. 

THAILAND 
 Exchange Control
Information 
 When any shares of Common Stock received at vesting are sold or an equivalent cash payment at vesting is received, the
Participant must repatriate all cash proceeds to Thailand and then convert such proceeds to Thai Baht within 360 days of repatriation. If the amount of the Participant’s proceeds is US$20,000 or more, the Participant must specifically report
the inward remittance to the Bank of Thailand on a foreign exchange transaction form. If the Participant fails to comply with these obligations, then the Participant may be subject to penalties assessed by the Bank of Thailand. 

The Participant should consult his or her personal advisor prior to taking any action with respect to remittance of cash proceeds into Thailand. The
Participant is responsible for ensuring compliance with all exchange control laws in Thailand. 
  

 26 

 TRINIDAD & TOBAGO 

There are no country-specific provisions. 

TURKEY 
 There are no country-specific
provisions. 
 UKRAINE 

Awards Payable in Cash Only 
 Awards
granted to Participants in Ukraine shall be paid in cash only and do not provide any right for the Participant to receive shares of Common Stock. 

UNITED KINGDOM 
 Tax Acknowledgment

 The following information supplements the information regarding Tax-Related Items in the Acknowledgment of Conditions section of the Award
Agreement: 
 If payment or withholding of the income tax due is not made within 90 days of the event giving rise to the Tax-Related Items or
such other period specified in section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act 2003 (the “Due Date”), the amount of any uncollected Tax-Related Items shall constitute a loan owed by the Participant to the Employer,
effective on the Due Date. The Participant agrees that the loan will bear interest at the then-current Her Majesty’s Revenue and Customs official rate; it will be immediately due and repayable. Notwithstanding the foregoing, if the Participant
is an officer or executive director (as within the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended), the terms of this provision will not apply to the Participant. In the event that the Participant is an
officer or director, as defined above, and Tax-Related Items are not collected from or paid by the Participant by the Due Date, the amount of any uncollected Tax-Related Items may constitute a benefit to the Participant on which additional income
tax and National Insurance Contributions may be payable. The Participant acknowledges the Corporation or the Employer may recover it at any time thereafter by any of the means referred to in the Award Agreement. The Participant authorizes the
Corporation to withhold the transfer of any shares unless and until the loan is repaid in full. 
 URUGUAY 

There are no country-specific provisions. 

VENEZUELA 
 Exchange Control
Information 
 The Participant should consult his or her personal advisor prior to repatriating the proceeds of the sale of shares of Common
Stock to ensure compliance with the applicable exchange control regulations in Venezuela, as such regulations are subject to frequent change. The Participant is responsible for ensuring compliance with all exchange control laws in Venezuela.

  

 27 

 VIETNAM 

Awards Payable in Cash Only 
 Awards
granted to Participants in Vietnam shall be paid in cash only and do not provide any right for the Participant to receive shares of Common Stock. 
  

 28

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