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Altera Corporation 2005 Equity Incentive Plan

 Exhibit 10.20 
 ALTERA CORPORATION 
 2005 EQUITY INCENTIVE PLAN 
 (as amended and restated May 13, 2008) 
 1. PURPOSE. The purpose of the Altera Corporation 2005 Equity Incentive Plan (the “Plan”) is to provide incentives to attract, retain and motivate eligible persons whose present and potential contributions are important to
the success of the Company and its Subsidiaries by offering them an opportunity to participate in the Company’s future performance through awards of Options, Restricted Stock, Stock Bonuses, Stock Appreciation Rights (“SARs”) and
Restricted Stock Units (“RSUs”). Capitalized terms not defined in the text are defined in Section 26. 
 2. SHARES SUBJECT
TO THE PLAN. 
 2.1 Number of Shares Available. Subject to Sections 2.2 and 21, 18,000,000 Shares are available for
grant and issuance under the Plan plus any Shares remaining available for grant under the Company’s (i) 1998 Director Stock Option Plan and its (ii) 1996 Stock Option Plan (collectively, the “Prior Plans”) on the Effective
Date (as defined below). Shares subject to Awards that are cancelled, forfeited, settled in cash or that expire by their terms, including Shares subject to Awards granted under the Prior Plans that are outstanding on the Effective Date, will be
returned to the pool of Shares available for grant and issuance under the Plan. Any Award other than an Option or a SAR shall reduce the number of Shares available for issuance by 2.25 Shares. Awards issued as an Option or a SAR shall reduce the
number of Shares available for issuance by the number of Shares underlying the Award, regardless of the number of Shares actually issued upon exercise of the Award. No more than 3,000,000 Shares shall be issued as ISOs. The Company may issue Shares
that are authorized but unissued shares pursuant to the Awards granted under the Plan. The Company will reserve and keep available a sufficient number of Shares to satisfy the requirements of all outstanding Awards granted under the Plan.

 2.2 Adjustment of Shares. If the number of outstanding Shares is changed by a stock dividend, recapitalization, stock
split, reverse stock split, subdivision, combination, reclassification or similar change in the capital structure of the Company, without consideration, then (a) the number of Shares reserved for issuance and future grant under the Plan set
forth in Section 2.1; (b) the Exercise Prices of and number of Shares subject to outstanding Options and SARs; (c) the number of Shares subject to other outstanding Awards; (d) the maximum number of shares that may be issued as
ISOs set forth in Section 2.1; and (e) the maximum number of shares that may be issued to an individual or to a new employee in any one fiscal year set forth in Section 3, will be proportionately adjusted, subject to any required
action by the Board or the stockholders of the Company and compliance with applicable securities laws; provided that fractions of a Share will not be issued but will either be replaced by a cash payment equal to the Fair Market Value of such
fraction of a Share or will be rounded up to the nearest whole Share, as determined by the Committee; and provided further that the Exercise Price of any Option or SAR may not be decreased to below the par value of the Shares. 
 3. ELIGIBILITY. ISOs may be granted only to employees (including officers and directors who are also employees) of the Company or Subsidiary. All
other Awards may be granted to employees, officers, directors, consultants, independent contractors and advisors of the Company or Subsidiary. The Committee (or its designee under 4.1(c)) will from time to time determine in its sole discretion and
designate the eligible persons who will be granted Awards under the Plan. The Plan is discretionary in nature, and the grant of Awards by the Committee is voluntary and occasional. A person may be granted more than one Award under the Plan. However,
no person will be eligible to receive more than 2,000,000 Shares issuable as Awards granted in any fiscal year, other than new employees of the Company or Subsidiary (including new employees who are also officers and directors of the Company or
Subsidiary), who are eligible to receive up to a maximum of an additional 2,000,000 Shares issuable as Awards granted in the calendar year in which they commence their employment. 
  

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 4. ADMINISTRATION. 
 4.1 Committee Authority. The Plan shall be administered by the Committee. Subject to the general purposes, terms and conditions of the Plan, the Committee will have full power to implement and carry out
the Plan. Without limiting the previous sentence, the Committee will have the authority to: 
  

	 	(a)	construe and interpret the Plan, any Award Agreement and any other agreement or document executed pursuant to the Plan; 

  

	 	(b)	prescribe, amend and rescind rules and regulations relating to the Plan or any Award, including determining the forms and agreements used in connection with the Plan; provided that
the Committee may delegate to the Company’s legal department the authority to approve revisions to the forms and agreements used in connection with the Plan that are designed to facilitate Plan administration, and that are not inconsistent with
the Plan or with any resolutions of the Committee relating to the Plan; 

  

	 	(c)	select persons to receive Awards; provided that the Committee may delegate to one or more Executive Officers (who would also be considered “officers” under Delaware law)
the authority to grant an Award under the Plan to Participants who are not Insiders; 

  

	 	(d)	determine the terms of Awards; 

  

	 	(e)	determine the number of Shares or other consideration subject to Awards; 

  

	 	(f)	determine whether Awards will be granted singly, in combination, or in tandem with, in replacement of, or as alternatives to, other Awards under the Plan or any other incentive or
compensation plan of the Company or any Subsidiary; 

  

	 	(g)	grant waivers of Plan or Award conditions; 

  

	 	(h)	determine the vesting, exercisability, transferability, and payment of Awards; 

  

	 	(i)	correct any defect, supply any omission, or reconcile any inconsistency in the Plan, any Award or any Award Agreement; 

  

	 	(j)	determine whether an Award has been earned; 

  

	 	(k)	amend the Plan; 

  

	 	(l)	to take any action consistent with the terms of the Plan, either before or after an Award has been granted, which it deems necessary or advisable to comply with any governmental
laws or regulatory requirement of a foreign country, including, but not limited to, modifying or amending the terms and conditions governing any Awards or establishing any local country plans as sub-plans to this Plan; or 

 

	 	(m)	make all other determinations necessary or advisable for the administration of the Plan. 

 4.2 Committee Interpretation and Discretion. Any determination made by the Committee with respect to any Award shall be made in its sole discretion at the time of grant of the Award or, unless in
contravention of any express term of the Plan or Award, at any later time, and such determination shall be final and binding on the Company and all persons having an interest in any Award under the Plan. Any dispute regarding the interpretation of
the Plan or any Award Agreement shall be submitted by the Participant or Company to the Committee for review. The resolution of such a dispute by the Committee shall be final and binding on the Company and the Participant. The Committee may delegate
to one or more Executive Officers the authority to review and resolve disputes with respect to Awards held by Participants who are not Insiders, and such resolution shall be final and binding on the Company and the Participant. 
  

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 5. OPTIONS. 
 5.1 Grant of Options. The Committee may grant Options to Participants and will determine (a) whether the Options will be ISOs or NSOs; (b) the number of Shares subject to the Option, (c) the
Exercise Price of the Option, (d) the period during which the Option may be exercised, (e) the vesting and exercisability of the Option and (f) all other terms and conditions of the Option, subject to the provisions of this
Section 5 and the Plan. Options granted to Non-Employee Directors pursuant to Section 10 hereof shall be governed by that Section. Each Option granted under the Plan will be evidenced by an Award Agreement, which shall expressly identify
the Option as an ISO or NSO. The date of grant of an Option will be the date on which the Committee makes the determination to grant the Option, unless the Committee otherwise specifies a later date. 
 5.2 Exercise Period; Expiration Date and Exercise. An Option will be exercisable within the times or upon the occurrence of events determined by
the Committee and set forth in the Award Agreement governing such Option and subject to Company policies established by the Committee (or by individuals to whom the Committee has delegated responsibility) from time to time. The Committee may provide
for Options to become exercisable at one time or from time to time, periodically or otherwise (including, without limitation, upon the attainment during a Performance Period of performance goals based on Performance Factors), in such number of
Shares or percentage of Shares subject to the Option as the Committee determines. The Award Agreement shall set forth the Expiration Date; provided that no Option will be exercisable after the expiration of ten years from the date the Option is
granted; and provided further that no ISO granted to a Ten Percent Stockholder will be exercisable after the expiration of five years from the date the Option is granted. 
 5.3 Exercise Price. The Exercise Price of an Option will be determined by the Committee when the Option is granted and may not be less than the Fair Market Value on the date of grant; provided that the
Exercise Price of any ISO granted to a Ten Percent Stockholder will not be less than 110% of the Fair Market Value of the Shares on the date of grant. 
 5.4 Vesting and Termination. 
 (a) Vesting. Except as set forth in the
Participant’s Award Agreement, any Option granted to a Participant will cease to vest on the Participant’s Termination Date. If the Participant does not exercise his or her Option within the time specified by the Committee or as set forth
in the Award Agreement, the Option shall terminate. 
 (b) Post-Termination Exercise Period. Subject to
Section 22.4, following a Participant’s Termination, the Participant’s Option may be exercised to the extent vested and exercisable as set forth below: 
 (i) no later than 60 days after the Termination Date if a Participant is Terminated for any reason except death or Disability, unless a
different period of time period is specifically set forth in the Participant’s Award Agreement; provided that no Option may be exercised after the Expiration Date of the Option; or 
 (ii) no later than twelve months after the Termination Date in the case of Termination due to Disability or death or if a Participant dies
within 30 days of the Termination Date, unless a different time period is specifically set forth in the Participant’s Award Agreement; provided that no Option may be exercised after the Expiration Date of the Option. 
 5.5 Limitations on ISOs. The aggregate Fair Market Value (determined as of the date of grant) of Shares with respect to which ISOs are exercisable
for the first time by a Participant during any calendar year (under the Plan or under any other incentive stock option plan of the Company or any Subsidiary) shall not exceed $100,000. If the Fair Market Value of Shares on the date of grant with
respect to which ISOs are exercisable for the first time by a Participant during any calendar year exceeds $100,000, the Options for the first $100,000 worth of Shares to become exercisable in that calendar year will be ISOs, and the Options for the
Shares with a Fair Market Value in excess of $100,000 that become exercisable in 

  

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that calendar year will be NSOs. If the Code is amended to provide for a different limit on the Fair Market Value of Shares permitted to be subject to ISOs,
such different limit shall be automatically incorporated into the Plan and will apply to any Options granted after the effective date of the Code’s amendment. 
 5.6 Notice of Disqualifying Dispositions of Shares Acquired on Exercise of an ISO. If a Participant sells or otherwise disposes of any Shares acquired pursuant to the exercise of an ISO on or before the later
of (a) the date two years after the Date of Grant, and (b) the date one year after the exercise of the ISO (in either case, a “Disqualifying Disposition”), the Company may require the Participant to immediately notify the Company
in writing of such Disqualifying Disposition. 
 5.7 No Disqualification. Notwithstanding any other provision in the Plan, no
term of the Plan relating to ISOs will be interpreted, amended or altered, and no discretion or authority granted under the Plan will be exercised, so as to disqualify the Plan under Section 422 of the Code or, without the consent of the
Participant affected, to disqualify any ISO under Section 422 of the Code. Any outstanding ISO that is modified, extended, renewed or otherwise altered shall be treated in accordance with Section 424(h) of the Code and the regulations
thereunder. 
 6. RESTRICTED STOCK AWARDS. 
 6.1 Awards of Restricted Stock. A Restricted Stock Award is an offer by the Company to sell to a Participant Shares that are subject to restrictions. The Committee will determine to whom an offer will be made,
the number of Shares the person may purchase, the Purchase Price, the restrictions under which the Shares will be subject and all other terms and conditions of the Restricted Stock Award. A Participant accepts a Restricted Stock Award by
signing and delivering to the Company an Award Agreement with full payment of the Purchase Price within 30 days from the date the Award Agreement was delivered to the Participant. If the Participant does not accept the Restricted Stock Award within
30 days, then the offer of the Restricted Stock Award will terminate, unless the Committee determines otherwise. Restricted Stock Awards will vest over a minimum of three years as measured from the date of grant. 
 6.2 Purchase Price. The Purchase Price for a Restricted Stock Award will be determined by the Committee and may be less than Fair Market
Value (but not less than the par value of the Shares) on the date the Restricted Stock Award is granted. Payment of the Purchase Price must be made in accordance with Section 11 of the Plan and the Award Agreement, and in accordance with any
procedures established by the Company. 
 6.3 Termination. Except as set forth in the Participant’s Award Agreement, any
Restricted Stock Award will cease to vest on the Participant’s Termination Date. 
 7. STOCK BONUS AWARDS. 
 7.1 Awards of Stock Bonuses. A Stock Bonus Award is an award to a Participant of Shares (which may consist of Restricted Stock or
Restricted Stock Units) for services to be rendered or for past services already rendered to the Company or any Subsidiary. No payment will be required for Shares awarded pursuant to a Stock Bonus Award. 
 7.2 Form of Payment to Participant. The Stock Bonus Award shall be paid currently. Payment may be made in the form of cash, whole Shares, or a
combination thereof, based on the Fair Market Value of the Shares earned under a Stock Bonus Award on the date of payment, and in either a lump sum payment or in installments, all as the Committee determines. 
 7.3 Termination of Participant. Except as set forth in the Participant’s Award Agreement, any Bonus Stock Award will cease to vest on the
Participant’s Termination Date. 
 8. STOCK APPRECIATION RIGHTS. 
 8.1 Awards of SARs. A Stock Appreciation Right (“SAR”) is an award to a Participant that may be settled in cash, or Shares (which may
consist of Restricted Stock or RSUs), having a value equal to the value determined by multiplying the difference between the Fair Market Value on the date of exercise over the Exercise Price and the number of Shares with respect to which the SAR is
being settled. The SAR may be granted for services to be rendered or for past services already rendered to the Company, or any Subsidiary. 
  

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 8.2 Exercise Period and Expiration Date. A SAR will be exercisable within the times or upon the
occurrence of events determined by the Committee and set forth in the Award Agreement governing such SAR. The Award Agreement shall set forth the Expiration Date; provided that no SAR will be exercisable after the expiration of ten years from the
date the SAR is granted. 
 8.3 Exercise Price. The Committee will determine the Exercise Price of the SAR when the SAR is granted,
and which may not be less than the Fair Market Value on the date of grant and may be settled only in Shares. 
 8.4 Termination.

 (a) Vesting. Any SAR granted to a Participant will cease to vest on the Participant’s Termination Date. In the
event a Participant is Terminated as a result of such Participant’s Retirement, such Participant’s SARs shall, in the sole discretion of the Committee, accelerate vesting or continue to vest, continue to become exercisable, and may be
exercised during such period of time as is determined by the Committee and as provided in the Award Agreement (but in no event may the SAR be exercised after the expiration date of the term of such SAR as set forth in the Award Agreement); if the
Participant does not exercise his or her SAR within the time specified by the Committee or as set forth in the Award Agreement, the SAR shall terminate. 
 (b) Post-Termination Exercise Period. Subject to Section 22.4, following a Participant’s Termination, the Participant’s SAR may be exercised to the extent vested and exercisable as set forth
below: 
 (i) no later than 60 days after the Termination Date if a Participant is Terminated for any reason except death or
Disability, unless a different period of time period is specifically set forth in the Participant’s Award Agreement; provided that no SAR may be exercised after the Expiration Date of the SAR; or 
 (ii) no later than twelve months after the Termination Date in the case of Termination due to Disability or death or if a Participant dies
within 30 days of the Termination Date, unless a different time period is specifically set forth in the Participant’s Award Agreement; provided that no SAR may be exercised after the Expiration Date of the SAR. 
 9. RESTRICTED STOCK UNITS. 
 9.1
Awards of Restricted Stock Units. An RSU is an award to a Participant covering a number of Shares that may be settled in cash, or by issuance of those Shares for services to be rendered or for past services already rendered to the Company or
any Subsidiary. RSUs will vest over a minimum of three years as measured from the date of grant. 
 9.2 Form and Timing of Settlement.
To the extent permissible under applicable law, the Committee may permit a Participant to defer payment under a RSU to a date or dates after the RSU is earned, provided that the terms of the RSU and any deferral satisfy the requirements of
Section 409A of the Code (or any successor) and any regulations or rulings promulgated thereunder. Payment may be made in the form of cash or whole Shares or a combination thereof in a lump sum payment, all as the Committee determines.

 10. AWARD GRANTS TO NON-EMPLOYEE DIRECTORS. 
 10.1 Eligibility. Non-Employee Directors are eligible to receive annual grants of any type of Award, except ISOs, offered under this Plan pursuant to this Section 10. Notwithstanding the limitations set
forth below in Section 10.2, Non-Employee Directors are also eligible to receive Awards pursuant to Sections 5, 6, 7, 8 and 9 hereof. 
  

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 10.2 Initial Grant. Each Non-Employee Director upon first becoming a member of the Board may be
granted, as determined by the Committee (i) up to a maximum number of Shares subject to an RSU and/or Restricted Stock grant having an aggregate Fair Market Value equal to $300,000, as measured on the date of grant, or (ii) up to a maximum
aggregate number of 40,000 Shares subject to an Option and/or SAR. 
 10.3 Succeeding Grant. Each Non-Employee Director may be granted on an
annual basis, as determined by the Committee (i) up to a maximum number of Shares subject to an RSU and/or Restricted Stock grant having an aggregate Fair Market Value equal to $150,000, as measured on the date of grant, or (ii) up to a
maximum aggregate number of 20,000 Shares subject to an Option and/or SAR. 
 10.4 Form and Timing of Settlement of RSUs. To the
extent permissible under applicable law, the Committee may permit a Non-Employee Director to defer payment under a RSU to a date or dates after the RSU is earned, provided that the terms of the RSU and any deferral satisfy the requirements of
Section 409A of the Code (or any successor) and any regulations or rulings promulgated thereunder. Payment may be made in the form of cash or whole Shares or a combination thereof in a lump sum payment, all as the Committee determines.

 10.5 Vesting and Exercisability. In the event of a Corporate Transaction, the vesting of all Awards granted to Non-Employee Directors
pursuant to this Section 10 will accelerate and such Awards will become exercisable (to the extent applicable) in full prior to the consummation of such event at such time and on such conditions as the Committee determines, and if such Awards
are not exercised (to the extent applicable) on or prior to the consummation of the Corporate Transaction, they shall terminate. 
 10.5
Post-Termination Exercise Period. Except as provided in Section 10.5 or this Section 10.5, each Option granted under this Section 10 shall expire ten years after its date of grant. The date on which the Non-Employee Director
ceases to be a member of the Board or a consultant of the Company shall be referred to as the “Non-Employee Director Termination Date” for purposes of this Section 10.5. An Option may be exercised after the Non-Employee Director
Termination Date only as set forth below: 
 (a) Termination Generally. If the Non-Employee Director ceases to be a member of the
Board or consultant of the Company for any reason except death, Disability or Non-Employee Director Retirement, then each Option, to the extent then vested and exercisable pursuant to Section 10.4 above, then held by such Non-Employee Director
may be exercised by the Non-Employee Director within 60 days after the Non-Employee Director Termination Date, unless a different period of time is specifically set forth in the Non-Employee Director’s Award Agreement; provided that no Option
may be exercised after its Expiration Date. 
 (b) Death or Disability. If the Non-Employee Director ceases to be a member of the
Board or consultant of the Company because of his or her Disability or death, then each Option granted hereunder, to the extent then vested and exercisable, may be exercised no later than twelve months after the Termination Date in the case of
Termination due to Disability or death or if a Participant dies within 30 days of the Termination Date, unless a longer time period is specifically set forth in the Participant’s Award Agreement; provided that no Option may be exercised after
the Expiration Date of the Option. 
 11. PAYMENT FOR SHARE PURCHASES. 
 11.1 Payment. Payment for Shares purchased pursuant to the Plan may be made by any of the following methods (or any combination of such methods)
that are described in the applicable Award Agreement and that are permitted by law: 
  

	 	(a)	in cash or cash equivalent (including by check); 

  

	 	(b)	in the case of exercise by the Participant, a Participant’s guardian or legal representative or the authorized legal representative of a Participant’s heirs or legatees
after a Participant’s death, by cancellation of indebtedness of the Company to the Participant; 

  

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	 	(c)	by surrender of shares of the Company’s Common Stock that either: (1) were obtained by the Participant or Authorized Transferee in the public market; or (2) if the
shares were not obtained in the public market, they have been owned by the Participant or Authorized Transferee for more than six months and have been paid for within the meaning of SEC Rule 144; 

  

	 	(d)	in the case of exercise by the Participant, Participant’s guardian or legal representative or the authorized legal representative of a Participant’s heirs or legatees
after a Participant’s death, by waiver of compensation due or accrued to the Participant for services rendered; 

  

	 	(e)	with respect only to purchases upon exercise of an Option, and provided that a public market for the Shares exists: 

  

	 	(1)	through a “same day sale” commitment from the Participant or Authorized Transferee and an NASD Dealer meeting the requirements of the Company’s “same day
sale” procedures and in accordance with law; or 

  

	 	(2)	through a “margin” commitment from the Participant or Authorized Transferee and an NASD Dealer meeting the requirements of the Company’s “margin” procedures
and in accordance with law. 

 11.2 Issuance of Shares. Upon payment of the applicable Purchase Price or Exercise Price
and compliance with other conditions and procedures established by the Company for the purchase of Shares, the Company shall issue the Shares registered in the name of the Participant or Authorized Transferee and shall deliver certificates
representing the Shares (in physical or electronic form, as appropriate). The Shares may be subject to legends or other restrictions as described in Section 15 of the Plan. 
  

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 12. WITHHOLDING TAXES. 
 12.1 Withholding Generally. Whenever Shares are to be issued in satisfaction of Awards granted under the Plan, the Company may require the
Participant to remit to the Company an amount sufficient to satisfy minimum federal, state, local and foreign income or social security tax withholding requirements prior to the delivery of any certificate(s) for the Shares. If a payment in
satisfaction of an Award is to be made in cash, the payment will be net of an amount sufficient to minimum satisfy federal, state, local and foreign income or social security tax withholding requirements. 
 12.2 Stock Withholding. When, under applicable tax laws, a Participant incurs income or social security tax liability in connection with the
grant, exercise, vesting or payment of any Award that is subject to income or social security tax withholding and the Participant is obligated to pay the Company the amount required to be withheld, the Committee may, in its sole discretion, allow
the Participant to satisfy the minimum withholding tax obligation by electing to have the Company withhold from the Shares to be issued that number of whole Shares having a Fair Market Value equal to the minimum amount required to be withheld,
determined on the date that the amount of tax to be withheld is to be determined. All elections by a Participant to have Shares withheld for this purpose shall be made in accordance with the requirements established by the Committee and be in
writing in a form acceptable to the Committee. 
 13. PRIVILEGES OF STOCK OWNERSHIP. No Participant or Authorized Transferee will have
any rights as a stockholder of the Company with respect to any Shares until the Shares are issued to the Participant or Authorized Transferee. After Shares are issued to the Participant or Authorized Transferee, the Participant or Authorized
Transferee will be a stockholder and have all the rights of a stockholder with respect to the Shares including the right to vote and receive all dividends or other distributions made or paid with respect to such Shares; provided, that if the Shares
are Restricted Stock, any new, additional or different securities the Participant or Authorized Transferee may become entitled to receive with respect to the Shares by virtue of a stock dividend, stock split or any other change in the corporate or
capital structure of the Company will be subject to the same restrictions as the Restricted Stock; provided further, that the Participant or Authorized Transferee will have no right to retain such dividends or distributions with respect to Shares
that are repurchased at the Participant’s original Exercise Price or Purchase Price pursuant to Section 15. 
 14.
TRANSFERABILITY. As may be permitted by the Committee (and to the extent permitted by applicable law and the terms of the Award Agreement), a Participant may transfer an Award to an Authorized Transferee. Absent such permission, no Award and no
interest therein, shall be sold, pledged, assigned, hypothecated, transferred or disposed of in any manner other than by will or by the laws of descent and distribution, and no Award may be made subject to execution, attachment or similar process.

 15. RESTRICTIONS ON SHARES. At the discretion of the Committee, the Company may reserve to itself and/or its assignee(s) in the
Award documentation a right to repurchase all or a portion of a Participant’s Shares that are not “Vested” (as defined in the Award documentation), following the Participant’s Termination, at any time within ninety days after the
later of (a) the Participant’s Termination Date or (b) the date the Participant purchases Shares under the Plan, for cash or cancellation of purchase money indebtedness with respect to Shares, at the Participant’s original
Exercise Price or Purchase Price; provided that upon assignment of the right to repurchase, the assignee must pay the Company cash equal to the excess of the Fair Market Value of the Shares over the original Purchase Price. 
 16. CERTIFICATES. All certificates for Shares or other securities delivered under the Plan (whether in physical or electronic form, as
appropriate) will be subject to stock transfer orders, legends and other restrictions that the Committee deems necessary or advisable, including without limitation restrictions under any applicable federal, state or foreign securities law, or any
rules, regulations and other requirements of the SEC or any stock exchange or automated quotation system on which the Shares may be listed. 
  

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 17. ESCROW. To enforce any restrictions on a Participant’s Shares, the Committee may require
the Participant to deposit all certificates representing Shares, together with stock powers or other transfer instruments approved by the Committee, appropriately endorsed in blank, with the Company or an agent designated by the Company, to hold in
escrow until such restrictions have lapsed or terminated, and the Committee may cause a legend or legends referencing such restrictions to be placed on the certificates. 
 18. SECURITIES LAW AND OTHER REGULATORY COMPLIANCE. An Award shall not be effective unless the Award is in compliance with all applicable state, federal and foreign securities laws, rules and regulations of any
governmental body, and the requirements of any stock exchange or automated quotation system on which the Shares may then be listed, as they are in effect on the date of grant of the Award and also on the date of exercise or other issuance.
Notwithstanding any other provision in the Plan, the Company shall have no obligation to issue or deliver certificates for Shares under the Plan prior to (a) obtaining any approvals from governmental agencies that the Company determines are
necessary or advisable, and/or (b) completion of any registration or other qualification of such shares under any state, federal or foreign law or ruling of any governmental body that the Company determines to be necessary or advisable. The
Company shall be under no obligation to register the Shares with the SEC or to effect compliance with the registration, qualification or listing requirements of any state, federal or foreign securities laws, stock exchange or automated quotation
system, and the Company shall have no liability for any inability or failure to do so. 
 19. NO OBLIGATION TO EMPLOY. Nothing in the
Plan or any Award granted under the Plan shall confer or be deemed to confer on any Participant any right to continue in the employ of, or to continue any other relationship with, the Company or any Subsidiary or limit in any way the right of the
Company or any Subsidiary to terminate a Participant’s employment or other relationship at any time, with or without cause, as applicable laws allow. 
 20. REPRICING PROHIBITED; EXCHANGE AND BUYOUT OF AWARDS. The repricing of Options or SARs is prohibited without prior stockholder approval. The Committee may authorize the Company, with prior stockholder
approval and the consent of the respective Participants, to issue new Option or SAR Awards in exchange for the surrender and cancellation of any or all outstanding Awards. With prior stockholder approval, the Committee may at any time buy from a
Participant an Option previously granted with payment in cash, Shares or other consideration, based on such terms and conditions as the Committee and the Participant shall agree, provided that if payment is in cash, the Committee may buy only an
Option where the Fair Market Value of the Shares exceeds the Exercise Price. 
 21. CORPORATE TRANSACTIONS. 
 21.1 Assumption or Replacement of Awards by Successor. In the event of a Corporate Transaction any or all outstanding
Awards may be assumed or replaced by the successor corporation, which assumption or replacement shall be binding on all Participants. In the alternative, the successor corporation may substitute equivalent Awards or provide substantially similar
consideration to Participants as was provided to stockholders (after taking into account the existing provisions of the Awards). The successor corporation may also issue, in place of outstanding Shares of the Company held by the Participant,
substantially similar shares or other property subject to repurchase restrictions no less favorable to the Participant. In the event such successor corporation, if any, refuses to assume or replace the Awards, as provided above, pursuant to a
Corporate Transaction or if there is no successor corporation due to a dissolution or liquidation of the Company, such Awards shall immediately vest as to 100% of the Shares subject thereto at such time and on such conditions as the Board shall
determine and the Awards shall expire at the closing of the transaction or at the time of dissolution or liquidation. 
 21.2 Other
Treatment of Awards. Subject to any greater rights granted to Participants under Section 21.1, in the event of a Corporate Transaction, any outstanding Awards shall be treated as provided in the applicable agreement or plan of merger,
consolidation, dissolution, liquidation or sale of assets. 
 21.3 Assumption of Awards by the Company. The Company, from time to
time, also may substitute or assume outstanding awards granted by another company, whether in connection with an acquisition of such other company or otherwise, by either (a) granting an Award under the Plan in 

  

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substitution of such other company’s award, or (b) assuming such award as if it had been granted under the Plan if the terms of such assumed award
could be applied to an Award granted under the Plan. Such substitution or assumption shall be permissible if the holder of the substituted or assumed award would have been eligible to be granted an Award under the Plan if the other company had
applied the rules of the Plan to such grant. In the event the Company assumes an award granted by another company, the terms and conditions of such award shall remain unchanged (except that the exercise price and the number and nature of Shares
issuable upon exercise of any such option will be adjusted appropriately pursuant to Section 424(a) of the Code). In the event the Company elects to grant a new Option rather than assuming an existing option, such new Option may be granted with
a similarly adjusted Exercise Price. Shares subject to Awards granted to substitute or assume outstanding awards granted by another company in connection with an acquisition shall not reduce the number of Shares available for issuance under
Section 2.1 of the Plan. 
 22. OTHER PROVISIONS. 
 22.1 Distribution of Award Agreements and Plan. The Award Agreement, Plan and other documents may be delivered in any manner (including electronic distribution or posting) that meets applicable legal
requirements. 
 22.2 Form of Award Agreement(s). Each Award granted under the Plan will be evidenced by an Award Agreement, which
will be in substantially a form (which need not be the same for each Participant) that the Committee or an officer of the Company (pursuant to Section 4.1(b)) has from time to time approved, and will comply with and be subject to the terms and
conditions of the Plan. 
 22.3 Procedures for Exercising or Settling an Award. A Participant or Authorized Transferee may exercise or
settle Awards by following the procedures established by the Company’s stock administration department, as communicated and made available to Participants through the Company’s electronic mail system, intranet site or otherwise.

 22.4 Black-out Periods and Post-Termination Exercisability. In the event a Participant is prevented from exercising an Option or
selling Shares or the Company is unable to settle an Award due to any trading restrictions currently in effect with respect to the Company’s Shares at the time of such Participant’s Termination or during any post-termination exercise
period, then any post-termination exercise period shall be paused until such trading restriction lapses. 
 22.5 Limitations on
Exercise. The Committee may specify a reasonable minimum number of Shares that may be purchased on any exercise of an Option or SAR; provided that the minimum number will not prevent a Participant from exercising an Option or SAR for the full
number of Shares for which it is then exercisable. An Option or a SAR may only be exercised by the personal representative of a Participant or an Authorized Transferee or by the person or persons to whom a Participant’s rights under the Option
or SAR shall pass by such person’s will or by the laws of descent and distribution of the state of such person’s domicile at the time of death, and then only as and to the extent that such person was entitled to exercise the Option or SAR
on the date of death. 
 22.6 Terms of Awards. The Committee will determine an Award’s terms, including, without limitation:
(a) the number of Shares deemed subject to the Award; (b) the time or times during which the Award may be exercised and (c) such other terms and conditions as the Committee deems appropriate. Awards may be subject to performance goals
based on Performance Factors during any Performance Period as may be set out in advance in the Participant’s Award Agreement. The Committee may adjust the performance goals applicable to Awards to take into account changes in law and accounting
and to make such adjustments as the Committee deems necessary or appropriate to reflect the impact of extraordinary or unusual items, events or circumstances. 
 22.7 Treatment of Awards Upon Retirement. Upon a Participant’s Retirement, and as determined by the Committee (and as evidenced in the Award Agreement), Awards granted to such Participant may accelerate,
continue to vest, provide for an extended period of time in which to exercise an Award upon Termination or contain such terms and conditions as the Committee deems appropriate. 
  

 10 

 23. ADOPTION, STOCKHOLDER APPROVAL AND TERM. The Plan was adopted by the Board on March 8,
2005. The Plan shall become effective upon approval by stockholders of the Company, consistent with applicable laws. The Plan will terminate ten years following the earlier of (i) the date it was adopted by the Board or (ii) the date it
became effective upon approval by stockholders of the Company, unless sooner terminated by the Board pursuant to Section 24. 
 24.
AMENDMENT OR TERMINATION OF PLAN AND AWARDS. The Board may at any time terminate, amend or suspend the Plan in any respect, including without limitation amendment of any form of Award Agreement or instrument to be executed pursuant to the Plan.
Notwithstanding the foregoing, neither the Board nor the Committee shall, without the approval of the stockholders of the Company, amend the Plan in any manner that requires such stockholder approval pursuant to the Code or the regulations
promulgated thereunder as such provisions apply to ISO plans, or pursuant to the Exchange Act or any rule promulgated thereunder. The Committee may modify, extend or renew outstanding Awards and authorize the grant of Awards in substitution thereof;
provided that any such action (including any amendment to the Plan) may not, without the written consent of a Participant, impair any of a Participant’s rights under any Award previously granted. 
 25. NONEXCLUSIVITY OF THE PLAN; UNFUNDED PLAN. Neither the adoption of the Plan by the Board, the submission of the Plan to the stockholders of
the Company for approval, nor any provision of the Plan shall be construed as creating any limitations on the power of the Board to adopt such additional arrangements as it may deem desirable, including, without limitation, the granting of stock
options and bonuses otherwise than under the Plan, and such arrangements may be either generally applicable or applicable only in specific cases. The Plan shall be unfunded. Neither the Company nor the Board shall be required to segregate any assets
that may at any time be represented by Awards made pursuant to the Plan. Neither the Company, the Committee, nor the Board shall be deemed to be a trustee of any amounts to be paid under the Plan. 
 26. DEFINITIONS. As used in the Plan, the following terms shall have the following meanings: 
 (a) “Authorized Transferee” means the permissible recipient, as authorized by this Plan and the Committee, of an NSO that is transferred
during the Participant’s lifetime by the Participant by gift or domestic relations order. For purposes of this definition a “permissible recipient” is: (i) a child, stepchild, grandchild, parent, stepparent, grandparent, spouse,
former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law of the Participant, including any such person with such relationship to the Participant by adoption; (ii) any
person (other than a tenant or employee) sharing the Participant’s household; (iii) a trust in which the persons in (i) or (ii) have more than fifty percent of the beneficial interest; (iv) a foundation in which the persons
in (i) or (ii) or the Participant control the management of assets; or (v) any other entity in which the person in (i) or (ii) or the Participant own more than fifty percent of the voting interest. 
 (b) “Award” means any award under the Plan, including any Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Unit or
Stock Bonus. 
 (c) “Award Agreement” means, with respect to each Award, the written agreement between the Company and the
Participant setting forth the terms and conditions of the Award. 
 (d) “Board” means the Board of Directors of the Company.

 (e) “Code” means the United States Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.

 (f) “Committee” means the Compensation Committee of the Board and such other committee appointed by the Board to
administer the Plan, including, without limitation, the Stock Option Committee. 
 (g) “Company” means Altera Corporation, a
corporation organized under the laws of the State of Delaware, or any successor corporation. 
 (h) “Corporate Transaction”
means (a) a merger or consolidation in which the Company is not the surviving corporation (other than a merger or consolidation with a wholly-owned subsidiary, a 

  

 11 

 
reincorporation of the Company in a different jurisdiction, or other transaction in which there is no substantial change in the stockholders of the Company
and the Awards granted under the Plan are assumed or replaced by the successor corporation, which assumption shall be binding on all Participants), (b) a dissolution or liquidation of the Company, (c) the sale of substantially all of the
assets of the Company, (d) a merger in which the Company is the surviving corporation but after which the stockholders of the Company immediately prior to such merger (other than any stockholder that merges, or which owns or controls another
corporation that merges, with the Company in such merger) cease to own their shares or other equity interest in the Company; or (e) any other transaction which qualifies as a “corporate transaction” under Section 424(a) of the
Code wherein the stockholders of the Company give up all of their equity interest in the Company (except for the acquisition, sale or transfer of all or substantially all of the outstanding shares of the Company). 
 (i) “Disability” means a disability within the meaning of Section 22(e)(3) of the Code. 
 (j) “Effective Date” means the date stockholders approve the Plan pursuant to Section 22 of the Plan. 
 (k) “Exchange Act” means the United States Securities Exchange Act of 1934, as amended, and the regulations promulgated thereunder.

 (l) “Executive Officer” means a person who is an “executive officer” of the Company as defined in Rule 3b-7
promulgated under the Exchange Act. 
 (m) “Exercise Price” means the price at which a Participant who holds an Option
or SAR may purchase the Shares issuable upon exercise of the Option or SAR. 
 (n) “Expiration Date” means the last date on
which an Option or SAR may be exercised as determined by the Committee. 
 (o) “Fair Market Value” means, as of
any date, the value of a share of the Company’s Common Stock determined as follows: 
  

	 	(1)	if such Common Stock is then quoted on the NASDAQ National Market, its closing price on the NASDAQ National Market on such date; 

  

	 	(2)	if such Common Stock is publicly traded and is then listed on a national securities exchange, the last reported sale price on such date or, if no such reported sale takes place on
such date, the average of the closing bid and asked prices on the principal national securities exchange on which the Common Stock is listed or admitted to trading; 

  

	 	(3)	if such Common Stock is publicly traded but is not quoted on the NASDAQ National Market nor listed or admitted to trading on a national securities exchange, the average of the
closing bid and asked prices on such date, as reported by The Wall Street Journal, for the over-the-counter market; or 

  

	 	(4)	if none of the foregoing is applicable, by the Board of Directors in good faith. 

 (p) “Insider” means an officer or director of the Company or any other person whose transactions in the Company’s Common Stock are subject to Section 16 of the Exchange Act. 
 (q) “ISO” means an Incentive Stock Option within the meaning of the Code. 
 (r) “NSO” means a nonqualified stock option that does not qualify as an ISO. 
 (s) “Option” means an Award pursuant to Section 5 or, in the case of a Non-Employee Director, Section 10 of the Plan.

 (t) “Non-Employee Director” means a member of the Company’s Board of Directors who is not a current employee of the
Company or any Subsidiary. 
 (u) “Participant” means a person who receives an Award under the Plan. 
  

 12 

 (v) “Performance Factors” include, but are not limited to, some or all of the factors
selected by the Committee from among the measures below to determine whether performance goals established by the Committee and applicable to Awards have been satisfied: 
  

	 	(1)	Net revenue and/or net revenue growth; 

  

	 	(2)	Earnings before income taxes and amortization and/or earnings before income taxes and amortization growth; 

  

	 	(3)	Operating income and/or operating income growth; 

  

	 	(4)	Net income and/or net income growth; 

  

	 	(5)	Earnings per share and/or earnings per share growth; 

  

	 	(6)	Total stockholder return and/or total stockholder return growth; 

  

	 	(7)	Return on equity; 

  

	 	(8)	Operating cash flow return on income; 

  

	 	(9)	Adjusted operating cash flow return on income; 

  

	 	(10)	Economic value added; and 

  

	 	(11)	Individual business objectives. 

 (w) “Performance
Period” means the period of service determined by the Committee, not to exceed five years, during which years of service or performance is to be measured for the Award. 
 (x) “Purchase Price” means the price to be paid for Shares acquired under the Plan, other than Shares acquired upon exercise of an
Option or SAR. 
 (y) “Restricted Stock Award” means an award of Shares pursuant to Section 6 or, in the case of a
Non-Employee Director, Section 10 of the Plan. 
 (z) “Restricted Stock Unit” means an Award granted pursuant to
Section 9 or, in the case of a Non-Employee Director, Section 10 of the Plan. 
 (aa) “Retirement” means that the
Committee has deemed a Participant retired within the meaning of the applicable retirement policy applicable to Awards as determined from time to time by the Compensation Committee of the Board. 
 (bb) “SEC” means the United States Securities and Exchange Commission. 
 (cc) “Securities Act” means the United States Securities Act of 1933, as amended, and the regulations promulgated thereunder.

 (dd) “Shares” means shares of the Company’s Common Stock $0.01 par value, reserved for issuance under the Plan, as
adjusted pursuant to Sections 2 and 21, and any successor security. 
 (ee) “Stock Appreciation Right” means an Award
granted pursuant to Section 8 or, in the case of a Non-Employee Director, Section 10 of the Plan. 
 (ff)
“Stock Bonus” means an Award granted pursuant to Section 7 of the Plan. 
 (gg) “Subsidiary”
means any corporation (other than the Company) in an unbroken chain of corporations beginning with the Company if, at the time of granting of the Award, each of the corporations other than the last corporation in the unbroken chain owns stock
possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. 
 (gg)
“Ten Percent Stockholder” means any person who directly or by attribution owns more than ten percent of the total combined voting power of all classes of stock of the Company or any Subsidiary. 
  

 13 

 (ii) “Termination” or “Terminated” means, for purposes of the Plan with
respect to a Participant, that the Participant has ceased to provide services as an employee, director, consultant, independent contractor or adviser to the Company or a Subsidiary; provided that a Participant shall not be deemed to be Terminated if
the Participant is on a Company approved leave of absence; and provided further, that during any Company approved leave of absence, vesting of Awards shall be suspended or continue in accordance with applicable Company policies. Subject to the
foregoing, the Committee shall have sole discretion to determine whether a Participant has ceased to provide services and the effective date on which the Participant ceased to provide services (the “Termination Date”); further,
the Termination Date will not be extended by any notice period mandated under local law. 
  

 14Compromise Agreement, dated April 22, 2008

 Exhibit 10.33 
 Dated 22 April 2008 
 BETWEEN 
 (1) EQUINIX GROUP LIMITED 
 (2) EQUINIX, INC 
 and 
 (3) GUY WILLNER 
 COMPROMISE AGREEMENT 
 Without
Prejudice 
 Subject to Contract 

 TABLE OF CONTENTS 
  

					
	 	  	Page
	Clause	  	 
			
	1.	  	Interpretation	  	3
			
	2.	  	Arrangements prior to termination	  	3
			
	3.	  	Equity Arrangements	  	4
			
	4.	  	Legal fees	  	5
			
	5.	  	Waiver of claims	  	5
			
	6.	  	Warranties	  	6
			
	7.	  	Appointment as a non-executive director	  	7
			
	8.	  	Confidentiality	  	7
			
	9.	  	Reference	  	8
			
	10.	  	Resignation of directorships	  	8
			
	11.	  	No admission of liability	  	8
			
	12.	  	Miscellaneous	  	9

  

 2 

 THIS AGREEMENT is made as of the 22nd day of April 2008 
 BETWEEN: 
 EQUINIX GROUP LIMITED whose registered office is situated at 41- 44 Great Queen Street, London, WC2B 5AD (the “Company”); 
 EQUINIX, INC whose office is situated at 301 Velocity Way, 5th Floor, Foster City, California, USA 94404 -4803 (“Equinix, Inc”); and 
 GUY WILLNER (the “Employee”). 
 IT IS HEREBY AGREED as follows: 
  

	1.	Interpretation 

  

	1.1	In this Agreement, unless the context otherwise requires, the following words and expressions shall have the following meanings: 

 “Group Company” means the Company, any holding company of the Company and any subsidiary of the Company or of any such holding company
(with “holding company” and “subsidiary” having the meanings given in section 1159 of the Companies Act 2006); 
 “Service Agreement” means the service agreement between the Employee and the Company dated 3 April 2006 (as amended by a Deed dated September 2007 between the Company and the Employee); and 
 “Non-Executive Appointment Letter” means the letter entered into between the Employee and the Company dated the same date as this
agreement setting out the terms on which the Employee will continue to provide services to the Company as a Non-Executive Chairman. 
  

	2.	Arrangements prior to termination 

  

	2.1	The Employee’s employment with the Company will end on 1 June 2008 (the “Termination Date”). The Company will continue to provide the Employee with his salary
and all other contractual benefits up to the Termination Date in the normal way. The Company will also pay the Employee in respect of any accrued but untaken holiday (less deductions for income tax and national insurance). Except as otherwise
provided in this Agreement, the Employee agrees that his entitlement to any further remuneration (including bonus) and employment benefits of whatever nature from the Company or any other Group Company will cease with effect from the Termination
Date. 

  

	2.2	Notwithstanding the provisions in clause 2.1 above, the Employee’s (and, where applicable, the Employee’s family’s) entitlement under the Company’s private
medical cover will continue until 1 March 2009, or, if earlier, the termination of the Employee’s appointment as Non-Executive Chairman of the Company. 

  

	2.3	Within 14 days of the Termination Date, the Employee will be paid the sum of £68,750 as a pro-rated annual bonus payment for that part of the 2008 financial year which has
elapsed to the Termination Date, less required deductions for income tax and national insurance contributions. 

  

 3 

	3.	Equity Arrangements 

  

	3.1	Notwithstanding the termination of the employment of the Employee with the Company, in consideration for the Employee’s agreement to the terms in this Agreement and the terms
of appointment as Non-Executive Chairman set out in the Non-Executive Appointment Letter will procure that: 

  

	 	(a)	the 23,218 Restricted Stock Units (“RSUs”) granted to the Employee on 14 September 2007 shall vest on the day following the Termination Date and the
performance conditions applicable to vesting detailed in the RSU Notice of Award shall not be applicable. Otherwise, these RSUs will be held by the Employee subject to and in accordance with the terms set out in the Notice of Restricted Stock Unit
Award dated 14 September 2007, the Restricted Stock Unit Agreement for Non-US Employees and the Equinix, Inc 2000 Equity Incentive Plan; and 

  

	 	(b)	the Employee will retain the 8,000 RSUs granted to the Employee on 14 September 2007, subject to and in accordance with the terms and performance conditions of the RSU Notice
of Award dated 14 September 2007, the Restricted Stock Unit Agreement for Non-US Employees and the Equinix, Inc 2000 Equity Incentive Plan. In the event that, as at 1 March 2009, the Board of Directors of Equinix, Inc has not determined
the 2008 revenue, EBITDA and CAPEX targets with respect to the Company, Equinix, Inc will procure that the appointment of the Employee as Non-Executive Chairman will be extended until the first Trading Day (as defined in the Restricted Stock Unit
Agreement for Non-US Employees) after the date on which the Board of Directors of Equinix, Inc does determine the 2008 revenue, EBITDA and CAPEX targets with respect to the Company. 

  

	3.2	The Company will withhold, and is authorised to sell on the relevant vesting date, a sufficient number of shares to meet any income tax and employee’s national insurance
contributions that may be due in relation to the RSUs referred to in clause 3.1. The Employee will be provided with his P45 on the Termination Date and income tax will accordingly be applied at basic rate only in relation to RSUs referred to in
clause 3.1 (unless the Employee gives to the Company not less than five days’ written notice prior to the Termination Date that income tax should be applied at higher rate, in which case the income tax will be applied at such higher rate).
However, the Employee will be solely responsible through his personal tax return for any higher rate income tax that is due at the end of the current tax year and will on demand indemnify and keep indemnified the Company and Equinix, Inc from and
against any demand that is made by HM Revenue and Customs against the Company or Equinix, Inc in respect of income tax and employee’s national insurance in relation to the RSUs referred to in clause 3.1 other than which has been deducted in
accordance with this clause. 

  

	3.3	The Employee’s entitlement to the 12,000 RSUs granted on 1 January 2008 will lapse in its entirety and cease to vest on the Termination Date. The Employee hereby waives
all and any rights to compensation or damages for the loss of such RSUs arising out of the termination of his employment. 

  

 4 

	4.	Legal fees 

 The Company will, subject to receipt of
an invoice from the Employee’s legal advisers, DLA Piper solicitors, addressed to the Employee but marked payable by the Company (showing a narrative summary by date of the work incurred by DLA Piper), make a contribution of up to £7,500
(plus VAT) towards the reasonable legal fees (including disbursements) which the Employee has incurred in taking advice in relation to this Agreement and the termination of his employment. The Employee represents and warrants that such fees have
been incurred solely in connection with advice relating to this Agreement and the termination of his employment. 
  

	5.	Waiver of claims 

  

	5.1	Subject to clause 5.2, the Employee accepts the terms set out in this Agreement in full and final settlement of all and any claims of whatever nature that the Employee has or may
have against the Company or any other Group Company or any of its or their current or former officers or employees, (whether under the laws of England and Wales, those of the European Union or the laws of any other jurisdiction, and whether such
claims are known or unknown to the parties and whether or not they are or could be in the contemplation of the parties at the time of signing this Agreement, including claims which as a matter of law do not at the date of this Agreement exist and
whose existence cannot currently be foreseen and any claims or rights of action arising from a subsequent retrospective change or clarification of the law), whether contractual, tortious, statutory or otherwise, arising out of or in connection with
his employment with the Company or the termination of his employment or otherwise and he hereby irrevocably and unconditionally waives all such rights. 

  

	5.2	Notwithstanding clause 5.1 above, nothing in this Agreement shall have the effect of waiving or limiting the Employee’s rights in respect of:- 

  

	 	(a)	any failure by the Company to make contributions to any pension scheme of which the Employee is a beneficiary and/or any pension rights or pension benefits which have accrued to the
Employee; 

  

	 	(b)	any personal injury claims (other than personal injury claims for compensation or damages which may be brought pursuant to any discrimination legislation or which in any way relate
to allegations of depression, bullying or stress suffered as a result of or in connection with the Employee’s employment with the Company) of which the Employee is not aware as at the date of signature of this Agreement by the Employee; and/or

  

	 	(c)	the Employee’s rights to enforce the terms of this Agreement. 

  

	5.3	The Employee shall without further consideration on the Termination Date execute a supplemental deed in the form of Schedule 1 and deliver it to the Company on the Termination Date.

  

 5 

	5.4	The Company confirms that it is not aware of any claims that it has or may have against the Employee arising out of his employment or the termination of his employment as at the
Termination Date. 

  

	6.	Warranties 

  

	6.1	The Employee hereby represents, warrants and confirms: 

  

	 	(a)	that the Employee has taken legal advice from Jonathan Exten-Wright of DLA Piper solicitors, a relevant independent adviser (as defined by Section 203 of the Employment Rights
Act 1996) as to the terms and effect of this Agreement and, in particular, its effect on his ability to pursue his rights before an employment tribunal. The Employee will procure that, at the same time as the Employee signs this Agreement, the
Employee’s legal adviser will also sign and date where indicated on the attached legal adviser’s certificate, which forms part of this Agreement; 

  

	 	(b)	that the Employee has been advised by the independent adviser referred to above that there is in force and was at the time that the Employee received the advice referred to above a
relevant contract of insurance or other appropriate indemnity covering the risk of a claim by the Employee in respect of losses arising in consequence of that advice; and 

  

	 	(c)	that the Employee is aware of his rights under the Employment Rights Act 1996, the Working Time Regulations 1998, the Sex Discrimination Act 1975, the Race Relations Act 1976, the
Disability Discrimination Act 1995, the Part-Time Workers (Prevention of Less Favourable Treatment) Regulations 2000, the Fixed-Term Employees (Prevention of Less Favourable Treatment) Regulations 2002, the National Minimum Wage Act 1998, the Trade
Union and Labour Relations (Consolidation) Act 1992, the Employment Equality (Religion or Belief) Regulations 2003, the Employment Equality (Sexual Orientation) Regulations 2003 and the Employment Equality (Age) Regulations 2006 and that this
Agreement relates to his claims for breach of contract, unfair dismissal, claims for a statutory redundancy payment, unlawful deductions from wages, unlawful detriment under the Employment Rights Act 1996, sex discrimination, equal pay, race
discrimination, disability discrimination, sexual orientation discrimination, religion or belief discrimination, age discrimination, any claim under the Working Time Regulations 1998, any claim under the National Minimum Wage Act 1998, the Public
Interest Disclosure Act 1998, the Transfer of Undertakings (Protection of Employment) Regulations 2006, the Part-Time Workers (Prevention of Less Favourable Treatment) Regulations 2000, the Fixed Term Employees (Prevention of Less Favourable
Treatment) Regulations 2002, the Employment Equality (Age) Regulations 2006 or any claim for unlawful deductions from wages under the Employment Rights Act 1996 that the Employee has or may have arising out of the termination of his employment with
the Company. 

  

	6.2	 This Agreement satisfies the conditions for regulating compromise agreements under Section 203 of the Employment Rights Act 1996, Regulation 35 of the Working
Time Regulations 1998, Section 77 of the Sex Discrimination Act 1975, Section 72 of the 

  

 6 

	 	 
Race Relations Act 1976, Section 9 of the Disability Discrimination Act 1995, Regulation 9 of the Part-Time Workers (Prevention of Less Favourable
Treatment) Regulations 2000, Regulation 10 of the Fixed-Term Employees (Prevention of Less Favourable Treatment) Regulations 2002, Section 49 of the National Minimum Wage Act 1998, section 288 of the Trade Union and Labour Relations
(Consolidation) Act 1992, Schedule 4 to the Employment Equality (Religion or Belief) Regulations 2003, Schedule 4 to the Employment Equality (Sexual Orientation) Regulations 2003 and Schedule 5 to the Employment Equality (Age) Regulations 2006.

  

	6.3	The Employee represents and warrants that the Employee has raised with the Company all the claims that the Employee has or may have against the Company or any Group Company or any
of its or their current or former officers or employees arising out of his employment, its termination or otherwise and that the Employee is not aware of any other claims or any facts, matters or circumstances in respect of which a claim might be
made against the Company or any Group Company or any of its or their current or former officers or employees arising out of his employment, its termination or otherwise. The Employee also represents and warrants that he has not presented a claim to
an employment tribunal (or any connected office of an employment tribunal) or issued a claim form in the High Court or County Court of whatever nature in connection with his employment, its termination or otherwise. 

  

	7.	Appointment as a non-executive director 

 Notwithstanding the termination of the Employee’s employment with the Company, the Employee will continue to provide services to the Company as a Non-Executive Chairman. The terms of appointment as Non-Executive Chairman are set out in
the Non-Executive Appointment Letter. 
  

	8.	Confidentiality 

  

	8.1	The Employee acknowledges that the provisions of Clauses 11 and 13 of the Service Agreement will remain in full force and effect notwithstanding the termination of his employment.

  

	8.2	Save by reason of any legal obligation or to enforce the terms of this Agreement, the Employee will not: 

  

	 	(a)	disclose the existence or terms of this Agreement or any discussions or other correspondence relating to the termination of his employment to anyone (other than to his professional
advisers who have agreed to be bound by this restriction, HM Revenue & Customs or any other competent authority or his spouse); 

  

	 	(b)	directly or indirectly disseminate, publish or otherwise disclose (or allow to be disseminated, published or otherwise disclosed) by any means (whether oral, written or otherwise)
or medium (including without limitation electronic, paper, radio or television) any information directly or indirectly relating to the termination of his employment; or 

  

	 	(c)	make, publish or issue or cause to be made published or issued any untrue, derogatory or disparaging comments about the Company, any Group Company or any of its or their directors,
employees, suppliers, clients, investors, shareholders, bankers, brokers, advisers or agents. 

  

 7 

	8.3	Save by reason of any legal or regulatory obligation (including but not limited to the requirements of the US Securities and Exchange Commission) or to enforce the terms of this
Agreement, the Company will not (and will procure that its directors will not and will use its reasonable efforts to ensure that its employees will not): 

  

	 	(a)	disclose the existence or terms of this Agreement or any discussions or other correspondence relating to the termination of the Employee’s employment to anyone (other than to
professional advisers who have agreed to be bound by this restriction, HM Revenue & Customs or any other competent authority); 

  

	 	(b)	directly or indirectly disseminate, publish or otherwise disclose (or allow to be disseminated, published or otherwise disclosed) by any means (whether oral, written or otherwise)
or medium (including without limitation electronic, paper, radio or television) any information directly or indirectly relating to the termination of the Employee’s employment; or 

  

	 	(c)	make, publish or issue or cause to be made published or issued any untrue, derogatory or disparaging comments about the Employee. 

  

	9.	Reference 

 The Company will, at the request of a
prospective new employer of the Employee, provide it with a factual reference setting out the Employee’s dates of employment, roles and job responsibilities. 
  

	10.	Resignation of directorships 

 The Company will use
reasonable efforts to make suitable arrangements for a replacement individual to take over the Employee’s directorships of all other Group Companies other than the Company as soon as reasonably practicable after the date of execution of this
Agreement, although the Employee acknowledges that this may not be possible prior to the Termination Date. The Employee will, upon request from the Company, take such steps as are required to resign from such directorships. Should he fail to do so,
the Employee hereby irrevocably authorises the Company to appoint some person in his name and on his behalf to sign documents and do any thing to give effect to his obligations in this clause. The Company confirms that the Employee will continued to
be covered by directors’ and officers’ insurance cover in respect of such directorships until the date of termination of such appointments. 
  

	11.	No admission of liability 

 This Agreement is
entered into without any admission on the part of the Company or any Group Company that it has or they have in any way breached any law or regulation or that the Employee has any claims against the Company or any Group Company or any of its or their
current or former officers or employees. 
  

 8 

	12.	Miscellaneous 

  

	12.1	This Agreement and the Non-Executive Appointment Letter set out the entire agreement between the Employee and the Company and, save as set out in clause 8.1 above, supersedes all
prior arrangements, proposals, representations, statements and/or understandings between the Employee, the Company and any Group Company. 

  

	12.2	Except in relation to any Group Company and any current or former officer, director or employee of the Company and/or any Group Company, a person who is not a party to this
Agreement may not enforce any of its terms under the Contracts (Rights of Third Parties) Act 1999. Notwithstanding the Contracts (Rights of Third Parties) Act 1999 this Agreement may be varied by agreement between the Employee and the Company.

  

	12.3	If any provision of this Agreement is held to be invalid or unenforceable, then such provision shall (so far as it is invalid or unenforceable) be given no effect and shall be
deemed not to be included in this Agreement but without invalidating any of the remaining provisions of this Agreement. The parties shall then use all reasonable endeavours to replace the invalid or unenforceable provision by a valid and enforceable
provision the effect of which is as close as possible to the intended effect of the invalid or unenforceable provision. 

  

	12.4	This agreement is subject to English law. The Employee and the Company agree to submit to the exclusive jurisdiction of the English courts as regards any claim or matter arising in
connection with these terms. 

  

	12.5	This Agreement is marked “Without Prejudice, Subject to Contract” but will upon signature by the Employer, the Employee and the Employee’s legal advisor be treated as
an open document evidencing a binding agreement. 

  

	
	
	/s/ Steve Smith
	 Signed by STEVE SMITH
 for and on behalf of

EQUINIX GROUP LIMITED

	
	/s/ Steve Smith
	 Signed by
 for and on behalf of
 EQUINIX, INC.

	
	Signed as a DEED and DELIVERED by
	
	/s/ Guy Willner
	 GUY WILLNER
 in the presence
of:

  

			
	Witness signature:	 	/s/ Virginie Borneus
		 	

 Witness name: Borneus Virginie 
 Witness address: 
 Witness occupation: 
  

 9 

 LEGAL ADVISER’S CERTIFICATE 
 I, Jonathan Exten-Wright of DLA Piper, hereby confirm to Equinix Group Limited that I am an independent adviser for the purposes of section 203 of the Employment Rights Act 1996 and that I have advised Guy Willner as
to the terms and effect of this Agreement and, in particular, its effect on his ability to pursue his rights before an employment tribunal. There was in force, when such advice was given, a policy of insurance covering the risk of a claim by Guy
Willner in respect of loss arising in consequence of such advice. 
  

	
	
	/s/ Jonathan Exten-Wright
	Jonathan Exten-Wright
	
	 22/4/08

	dated 22 April 2008

  

 10 

 Schedule 1 
 Supplemental Deed 
 THIS DEED is made on 1 June 2008 
 BETWEEN 
 (1) EQUINIX GROUP LIMITED whose registered office is
situated at 41- 44 Great Queen Street, London, WC2B 5AD (the “Company”); and 
 (2) GUY WILLNER of 31 Cloncurry Street, London, SW6
6DR (the “Employee”). 
 RECITALS 
  

	(A)	The Employee entered into a compromise agreement dated 22 April 2008 made between the Employee and the Company (the “Compromise Agreement”), a copy of which is
attached as schedule 1. The definitions in this supplemental deed (the “Deed”) shall be the same as in the Compromise Agreement. 

  

	(B)	The Employee has received independent legal advice from a qualified lawyer as to the terms and effect of this Deed. 

  

	(C)	The purpose of this Deed is to give effect to clause 5.3 of the Compromise Agreement and for the Employee to re-confirm his waiver of claims against the Company and each Group
Company as at the Termination Date. 

 THE PARTIES AGREE AS FOLLOWS: 
  

	1.	The provisions of clauses 5.1 and 5.2 of the attached Compromise Agreement are hereby incorporated in this Deed as if they were repeated and restated in this clause and the Employee
confirms the waiver and settlement of claims detailed at clauses 5.1 and 5.2 of the Compromise Agreement. 

  

	2.	The Employee and his independent legal adviser hereby agree and confirm that the provisions of clause 6.1 to 6.3 inclusive of the Compromise Agreement remain correct as at the
Termination Date. 

  

	3.	Nothing in this Deed shall affect any rights or remedies that the parties may have under the terms of the Compromise Agreement and nothing in this Deed shall constitute a variation
of the Compromise Agreement. 

  

 11 

 IN WITNESS whereof this agreement has been executed as a deed and delivered on the date first above written. 

_______________________ 
 Signed as a DEED and DELIVERED by 

GUY WILLNER 
 in the presence of: 
 Witness signature: _______________________ 
 Witness name: 
 Witness address: 
 Witness occupation: 
 Signed by STEVE SMITH for and on 
 behalf of EQUINIX GROUP LIMITED 

 Signature: _______________________ 
 SIGNATURE OF THE
EMPLOYEE’S LEGAL ADVISER TO CONFIRM THE FACTS IN CLAUSE 2 OF THE SUPPLEMENTAL DEED 
 Signed by the Employee’ Legal Advisor:
_______________________ 
 Name of law firm: _______________________ 
 Date: _______________________ 
  

 12 

 Strictly Private and Confidential 
 22 April 2008 
 Dear Guy, 
 On behalf of Equinix Group Limited (the “Company”), I am writing to confirm the terms on which you will provide services as a Non-Executive Director and Chairman of the Company (the “Appointment”) with
effect from 1 June 2008. The terms of the Appointment are set out below. 
 Appointment 
  

	1.	The Appointment will be for a period ending 1 March 2009 (“Expiry Date”). The parties may agree in writing to extend the Appointment beyond the Expiry Date.
The Appointment will be subject to the Company’s Articles of Association (a copy of which has been provided to you). 

  

	2.	Notwithstanding the other provisions of this letter, the Appointment will terminate on the Expiry Date unless extended in accordance with paragraphs 1 or 9 of this letter. The
Company may terminate the Appointment at any time prior to the Expiry Date by immediate notice in the event that you (a) commit any serious or repeated breach of your material obligations under this letter; (b) are guilty of conduct, which
in the reasonable opinion of the Company, tends to bring yourself or the Company or any other Group Company into disrepute or is calculated or likely to materially and adversely affect the interests of the Company or any other Group Company;
(c) commit an act of bankruptcy or compound with your creditors generally; (d) are convicted of a criminal offence (other than a road traffic offence not subject to a custodial sentence); or (e) are disqualified from acting as a
director of a company by order of a competent court. The Appointment shall also terminate upon your resignation at any time. Upon such termination or resignation, you shall not be entitled to any damages for loss of office. 

 

 1 

 Time commitment 
  

	3.	The Company anticipates a time commitment of no more than the equivalent of two business days per month, but you are aware that the nature of the role makes it impossible to be
specific about the time commitment. This will include attendance at quarterly and emergency Board meetings. In addition, you will be expected to devote appropriate preparation time ahead of each meeting. 

  

	4.	By accepting the Appointment, you confirm that you are able to allocate sufficient time to perform your role. 

 Role 
  

	5.	As a Non-Executive Director you have the same general legal responsibilities to the Company as any other Director. 

  

	6.	The Board as a whole is collectively responsible for promoting the success of the Company by directing and supervising the Company’s affairs. The Board:

  

	 	•	 	 provides entrepreneurial leadership of the Company within a framework of prudent and effective controls which enable risk to be assessed and managed;

  

	 	•	 	 sets the Company’s strategic aims, ensures that the necessary financial and human resources are in place for the Company to meet its objectives, and reviews
management performance; and 

  

	 	•	 	 sets the Company’s values and standards and ensures that its obligations to its shareholders and others are understood and met. 

 

	7.	In addition to these requirements of all Directors, the role of the Non-Executive has the following key elements: 

  

	 	•	 	 Strategy: Non-Executive Directors should constructively challenge and contribute to the development of strategy; 

  

	 	•	 	 Performance: Non-Executive Directors should scrutinise the performance of management in meeting agreed goals and objectives and monitor the reporting of
performance; and 

  

	 	•	 	 Risk: Non-executive Directors should satisfy themselves that financial information is accurate and that financial controls and systems of risk management are robust
and defensible. 

  

 2 

 Fees and benefits 
  

	8.	You will not be paid a fee for the Appointment. However, you acknowledge that the consideration for your agreement to the terms set out in this letter is the agreement to accelerate
the vesting of the 23,218 Restricted Stock Units and removal of the relevant performance conditions applicable to those Restricted Stock Units under the Compromise Agreement entered into between you, the Company and Equinix, Inc dated the same date
as this letter (the “Compromise Agreement”). 

  

	9.	As set out in the Compromise Agreement, you will continue to hold the 8,000 RSUs granted to you on 14 September 2007 subject to the terms and performance conditions of the RSU
Notice of Award dated 14 September 2008, the Restricted Stock Unit Agreement for Non-US Employees and the Equinix, Inc 2000 Equity Incentive Plan. In the event that, as at 1 March 2009, the Board of Directors of Equinix, Inc has not
determined the 2008 revenue, EBITDA and CAPEX targets with respect to the Company, Equinix, Inc will procure that your appointment as Non-Executive Chairman will be extended until the first Trading Day (as defined in the Restricted Stock Unit
Agreement for Non-US Employees) after the date on which the Board of Directors of Equinix, Inc does determine the 2008 revenue, EBITDA and CAPEX targets with respect to the Company. 

  

	10.	Should the Appointment be extended beyond the Expiry Date (other than pursuant to paragraph 9 above), the Board will reasonably consider what fees should be appropriate for the
provision of your services beyond that date. 

  

	11.	Your (and, where applicable, your family’s) entitlement under the Company’s private medical cover will continue until 1 March 2009, or, if earlier, the termination of
your appointment as Non-Executive Chairman of the Company. 

 Expenses 
  

	12.	The Company will reimburse you for all reasonable and properly documented expenses you incur in performing your role. You should submit any details of expenses incurred to the
Company Secretary. 

 Other directorships and business interests 
  

	13.	You shall not, except with the prior written approval of the board of directors of Equinix, Inc, during the Appointment be directly or indirectly employed, engaged, concerned or
interested in any other trade or business (or the setting up of any business) which is similar to or in competition with the business carried on by the Company or any other Group Company or any part of such business save that you may be interested
as a holder or beneficial owner of not more than 3% of any class of stock, shares or debentures in any company whose stock, shares or debentures are listed or dealt in on a Recognised Investment Exchange (as defined by section 285 of the Financial
Services and Markets Act 2000). 

 Confidentiality 
  

	14.	You must apply the highest standards of confidentiality and not disclose to any person or company (whether during the course of the Appointment or at any time after its termination)
any confidential information concerning the Company and any Group Companies with which you come into contact by virtue of your position as a Non-Executive Director of the Company. 

  

 3 

	15.	Your attention is drawn to the requirements under both legislation and regulation as to the disclosure of price-sensitive information. Consequently you should avoid making any
statements that might risk a breach of these requirements without prior clearance from the Company Secretary. 

  

	16.	On termination of the Appointment you will deliver to the Company all books, documents, papers and other property of or relating to the business of the Company or any Group Company
which are in your possession, custody or power by virtue of your position as a Non-Executive Director of the Company. The Company is able to arrange the disposal of papers which you no longer require. 

 Restrictions 
  

	17.	The restrictions set out in the attached schedule will apply to you on termination of the Appointment (howsoever caused). 

 Insurance 
  

	18.	During the Appointment you will be provided with directors’ and officers’ liability insurance, whether such cover is provided through an insurance policy taken out by the
Company or any other Group Company. 

 For the purposes of this letter “Group Company” shall mean the Company and any of its
subsidiaries or holding companies from time to time (and any other subsidiary of any of its holding companies), and “holding company” and “subsidiary” shall be as defined in section 1159 Companies Act 2006.

 This appointment letter constitutes neither a contract for services nor a service contract. 
 Please confirm your agreement to the above by signing and returning to me the enclosed duplicate of this letter. 
  

	
	Yours sincerely
	
	/s/ Steve Smith
	STEVE SMITH

 For and on behalf of EQUINIX GROUP LIMITED 
  

 4 

 I have read and agree to the above terms regarding my appointment as a Non-Executive Director of Equinix Group Limited.

  

	
	
	/s/ Guy Willner
	 Signed as a DEED and DELIVERED
 by GUY
WILLNER
 in the presence of:

  

			
	Witness:	 	/s/ Virginie Borneus
	Name:	 	Borneus Virginie
	Date:	 	22 April 2008

  

 5 

 SCHEDULE 
  

	1.	In this Schedule the following words and expressions shall have the following meanings: 

 “Relevant Area” means Europe; 
 “Relevant Period” means the period of six
months immediately prior to the Termination Date; 
 “Restricted Period” means the period of six months starting with the
Termination Date; and 
 “Termination Date” means the date on which the Appointment terminates, for whatever reason and
however caused. 
  

	2.	You shall not without the prior written consent of the Company directly or indirectly at any time during the Restricted Period: 

  

	2.1	solicit away from the Company or any Group Company; or 

  

	2.2	endeavour to solicit away from the Company or any Group Company 

 any employee of the Company with whom you had regular dealings in the course of the Appointment at any time during the Relevant Period other than an employee employed in a purely administrative or secretarial role. 
  

	3.	You shall not without the prior written consent of the Company directly or indirectly so as to affect the goodwill of, or compete with, the Company or any Group Company, at any time
within the Restricted Period: 

  

	3.1	solicit the custom of; or 

  

	3.2	deal with 

 any customer or client of the Company or any
Group Company with whom you had regular dealings in the course of the Appointment at any time during the Relevant Period. 
  

	4.	You shall not without the prior written consent of the Company directly or indirectly at any time within the Restricted Period engage or be concerned or interested in any business
within the Relevant Area which at any time during the Restricted Period: 

  

	 	(a)	competes; or 

  

	 	(b)	will compete 

 with the business of the Company or of any
Group Company. 
  

 6 

	5.	You acknowledge that the provisions of this Schedule are fair, reasonable and necessary to protect the goodwill and interests of the Company and the Group Companies.

  

	5.1	You acknowledge that the provisions of this Schedule including sub-clauses shall constitute severable undertakings given for the benefit of the Company and each Group Company and
may be enforced by the Company on behalf of any of them. 

  

	5.2	If any restrictions or obligations contained in this Schedule is held to be invalid or unenforceable on the basis that it exceeds what is reasonable for the protection of the
goodwill and interests of the Company and the Group Companies but would be valid and enforceable if part of the provision were deleted then such restrictions or obligations shall apply with such deletions as may be necessary to make them
enforceable. 

  

	5.3	If any restriction or obligation contained in this Schedule is held to be invalid or unenforceable, such invalidity or unenforceability shall not affect the other provisions of this
Schedule which shall remain in full force and effect. 

  

	5.4	You acknowledge and agree that you shall be obliged to draw the provisions of this Schedule to the attention of any third party who may at any time before or after termination of
the Appointment hereunder offer to employ or engage you and for whom or with whom you intend to work within the Restricted Period. 

  

 7

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