Document:

EX-10.6

 Exhibit 10.6 
  

 
  

DELL TECHNOLOGIES INC. 

AMENDED AND RESTATED CLASS C STOCKHOLDERS AGREEMENT 

Dated as of December 25, 2018 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE I DEFINITIONS	  			
			
	 Section 1.1.
	 	Definitions	  	 	2	 
	 Section 1.2.
	 	General Interpretive Principles	  	 	11	 
		
	ARTICLE II REPRESENTATIONS AND WARRANTIES	  			
			
	 Section 2.1.
	 	Representations and Warranties of the Stockholders	  	 	11	 
	 Section 2.2.
	 	Acknowledgement by the Company	  	 	12	 
		
	ARTICLE III TRANSFER RESTRICTIONS	  			
			
	 Section 3.1.
	 	General Restrictions on Transfers	  	 	13	 
	 Section 3.2.
	 	Permitted Transfers	  	 	15	 
	 Section 3.3.
	 	Tag-Along Rights	  	 	16	 
	 Section 3.4.
	 	Black-Out Periods	  	 	21	 
		
	ARTICLE IV ADDITIONAL AGREEMENTS	  			
			
	 Section 4.1.
	 	Further Assurances	  	 	22	 
	 Section 4.2.
	 	Confidentiality	  	 	22	 
	 Section 4.3.
	 	Cooperation with Reorganizations	  	 	23	 
	 Section 4.4.
	 	Reporting	  	 	23	 
	 Section 4.5.
	 	Registration of Applicable High Vote Stock	  	 	24	 
		
	ARTICLE V MISCELLANEOUS	  			
			
	 Section 5.1.
	 	Entire Agreement	  	 	24	 
	 Section 5.2.
	 	Specific Performance	  	 	24	 
	 Section 5.3.
	 	Governing Law	  	 	25	 
	 Section 5.4.
	 	Submissions to Jurisdictions; WAIVER OF JURY TRIAL	  	 	25	 
	 Section 5.5.
	 	Obligations	  	 	26	 
	 Section 5.6.
	 	Consents, Approvals and Actions	  	 	26	 
	 Section 5.7.
	 	Amendment; Waiver	  	 	27	 
	 Section 5.8.
	 	Assignment of Rights By New Class C Stockholders	  	 	28	 
	 Section 5.9.
	 	Transfers to Permitted Transferees	  	 	28	 
	 Section 5.10.
	 	Binding Effect	  	 	28	 
	 Section 5.11.
	 	Third Party Beneficiaries	  	 	28	 
	 Section 5.12.
	 	Termination	  	 	28	 
	 Section 5.13.
	 	Notices	  	 	28	 
	 Section 5.14.
	 	No Third Party Liability	  	 	30	 
	 Section 5.15.
	 	No Partnership	  	 	31	 
	 Section 5.16.
	 	Aggregation; Beneficial Ownership	  	 	31	 
	 Section 5.17.
	 	Severability	  	 	31	 

  
 i 

							
	 Section 5.18.
	 	Counterparts	  	 	31	 
	 Section 5.19.
	 	Effectiveness	  	 	31	 

  

					
	ANNEXES
			
	ANNEX A	 	-	  	FORM OF JOINDER AGREEMENT
			
	ANNEX B	 	-	  	FORM OF SPOUSAL CONSENT

  
 ii 

 DELL TECHNOLOGIES INC. 

CLASS C STOCKHOLDERS AGREEMENT 

This AMENDED AND RESTATED CLASS C STOCKHOLDERS AGREEMENT is made as of December 25, 2018, by and among Dell Technologies Inc., a Delaware
corporation (together with its successors and assigns, the “Company”), and each of the following (hereinafter severally referred to as a “Stockholder” and collectively referred to as
the “Stockholders”): 
  

	 	(a)	 Michael S. Dell (“MD”) and Susan Lieberman Dell Separate Property Trust (the “SLD
Trust” and together with MD and their respective Permitted Transferees (as defined herein) that acquire Common Stock (as defined herein), the “MD Stockholders”); 

 

	 	(b)	 Silver Lake Partners III, L.P., a Delaware limited partnership, Silver Lake Technology Investors III, L.P., a
Delaware limited partnership, Silver Lake Partners IV, L.P., a Delaware limited partnership, Silver Lake Technology Investors IV, L.P., a Delaware limited partnership, and SLP Denali Co-Invest, L.P., a
Delaware limited partnership (collectively, and together with their respective Permitted Transferees that acquire Common Stock, the “SLP Stockholders,” and together with the MD Stockholders, the “Sponsor
Stockholders”); and 

  

	 	(c)	 Venezio Investments Pte. Ltd., a Singapore corporation (the “Initial Class C
Stockholder,” and together with its Permitted Transferees that acquire Common Stock, the “New Class C Stockholders”). 

WHEREAS, certain of the parties hereto are party to that certain Class C Stockholders Agreement, dated as of September 7, 2016 (the
“Original Agreement”); 
 WHEREAS, pursuant to an Agreement and Plan of Merger, dated as of July 1, 2018 (as further
amended, restated, supplemented or modified from time to time, the “Merger Agreement”), by and between the Company and Teton Merger Sub Inc., a Delaware corporation and wholly-owned subsidiary of the Company (“Merger
Sub”), Merger Sub will be merged with and into the Company (the “Merger”), with the Company as the surviving corporation; 

WHEREAS, in connection with the execution of the Merger Agreement, the Company, the MD Stockholders and the SLP Stockholders wish to make
certain changes to the Original Agreement, effective upon the consummation of the Merger; 
 WHEREAS, pursuant to, and subject to the terms
and conditions set forth in, Section 5.9 of that certain MSD Partners Stockholders Agreement, dated as of the date hereof, the Company, the MSD Partners Stockholders and the MSD Partners Co-Investors (as
defined herein) agreed to terminate the rights and obligations of the MSD Partners Stockholders and the MSD Partners Co-Investors under the Original Agreement; and 

  
 1 

 WHEREAS, the undersigned parties desire to amend and restate the Original Agreement as set
forth herein pursuant to Section 6.7 of the Original Agreement; 
 NOW, THEREFORE, in consideration of the
agreements and obligations set forth herein and for other good and valuable consideration, the receipt of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree that the Original Agreement is, as of the
effectiveness of this Agreement pursuant to Section 5.19, amended and restated in its entirety as follows: 

ARTICLE I 
 DEFINITIONS

 Section 1.1. Definitions. As used in this Agreement, the following terms shall have the meanings set forth below: 

“Additional Consideration” has the meaning ascribed to such term in Section 3.3(a). 

“Affiliate” means, with respect to any Person, any other Person that controls, is controlled by, or is under common control
with such Person. The term “control” means the power to direct or cause the direction of the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or
otherwise. The terms “controlled” and “controlling” have meanings correlative to the foregoing. Notwithstanding the foregoing, for purposes of this Agreement, (i) the Company, its Subsidiaries and its other
controlled Affiliates (including VMware and its subsidiaries) shall not be considered Affiliates of any of the Sponsor Stockholders or any of such party’s Affiliates (other than the Company, its Subsidiaries and its other controlled
Affiliates), (ii) none of the MD Stockholders and the MSD Partners Stockholders, on the one hand, and/or the SLP Stockholders, on the other hand, shall be considered Affiliates of each other, and (iii) except with respect to
Section 5.14, none of the Sponsor Stockholders shall be considered Affiliates of (x) any portfolio company in which any of the Sponsor Stockholders or any of their investment fund Affiliates have made a debt or equity
investment (and vice versa) or (y) any limited partners, non-managing members or other similar direct or indirect investors in any of the Sponsor Stockholders or their affiliated investment funds. 

“Agreement” means this Amended and Restated Class C Stockholders Agreement (including the schedules, annexes attached
hereto) as the same may be amended, restated, supplemented or modified from time to time. 
 “Anticipated Closing Date”
means the anticipated closing date of any proposed Qualified Sale Transaction, as determined in good faith by the Board on the Applicable Date. 

“Applicable Date” means, with respect to any proposed Qualified Sale Transaction, the date that a definitive agreement is
entered into with the applicable purchaser providing for such Qualified Sale Transaction. 

  
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 “Applicable High Vote Stock” means (i) a class or series of Common
Stock (as defined in the Company’s Fifth Amended and Restated Certificate of Incorporation) other than the Class A Common Stock or the Class B Common Stock, or (ii) a class or series of preferred stock into which the Class A
Common Stock and/or Class B Common Stock has been or is entitled to be exchanged or converted, in each case of clause (i) and (ii), that is entitled to more votes per share than the Class C Common Stock in the election of directors
and with respect to other matters on which holders of such voting securities of the Company are generally entitled to vote. 

“beneficial ownership” and “beneficially own” and similar terms have the meaning set forth in Rule 13d-3 under the Exchange Act; provided, however, that (i) subject to Section 5.16, no party hereto shall be deemed to beneficially own any Securities held by
any other party hereto solely by virtue of the provisions of this Agreement (other than this definition) or other similar agreement with the Company and/or its Subsidiaries, and (ii) with respect to any Securities held by a party hereto that
are exercisable for, convertible into or exchangeable for shares of Common Stock upon delivery of consideration to the Company or any of its Subsidiaries, such shares of Common Stock shall not be deemed to be beneficially owned by such party unless,
until and to the extent such Securities have been exercised, converted or exchanged and such consideration has been delivered by such party to the Company or such Subsidiary. 

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

“Business Day” means a day, other than a Saturday, Sunday or other day on which banks located in New York, New York, Austin,
Texas or San Francisco, California are authorized or required by law to close. 
 “Class A Common Stock”
means the Class A Common Stock, par value $0.01 per share, of the Company. 
 “Class B Common
Stock” means the Class B Common Stock, par value $0.01 per share, of the Company. 
 “Class C
Common Stock” means the Class C Common Stock, par value $0.01 per share, of the Company. 

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

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

“Closing Class C Common Stock” means the shares of Class C Common Stock purchased by the Initial
Class C Stockholder at the EMC Closing pursuant to the Subscription Agreement. 
 “Closing Date” has the meaning
ascribed to such term in the Merger Agreement. 
 “Code” means the U.S. Internal Revenue Code of 1986, as amended. 

  
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 “Common Stock” means the Class A Common Stock, the Class B Common
Stock, the Class C Common Stock, the Class D Common Stock and any other series or class of common stock of the Company. 

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

“Company Stock Option” means an option to subscribe for, purchase or otherwise acquire shares of Common Stock. 

“Confidential Information” has the meaning ascribed to such term in Section 4.2. 

“Debt Commitment Letter” means the Facilities Commitment Letter, dated October 12, 2015, among the Company, Denali
Intermediate Inc., Dell Inc. and Credit Suisse AG, Credit Suisse Securities (USA) LLC, JPMorgan Chase Bank, N.A., J.P. Morgan Securities LLC, Bank of America, N.A., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Bank PLC,
Citigroup Global Markets Inc., Citibank, N.A., Citicorp USA, Inc., Citicorp North America, Inc., Goldman Sachs Bank USA, Goldman Sachs Lending Partners LLC, Deutsche Bank AG New York Branch, Deutsche Bank AG Cayman Islands Branch, Deutsche Bank
Securities Inc., Royal Bank of Canada and RBC Capital Markets. 
 “Dell” means Dell Inc., a Delaware corporation and
wholly-owned subsidiary of Intermediate. 
 “Disabling Event” means either the death, or the continuation of any
disability, of MD. For this purpose, “disability” means any physical or mental disability or infirmity that prevents the performance of MD’s duties as a director or Chief Executive Officer of the Company for a period of one hundred
eighty (180) consecutive days. 
 “Distributed Equity Securities” means any equity securities received by the New
Class C Stockholders as a dividend or distribution on the Closing Class C Common Stock or in respect of any other Distributed Equity Securities, in each case excluding any equity securities that constitute Marketable Securities at the time
of their receipt by the New Class C Stockholders. 
 “DTI Securities” means the Common Stock, any equity or debt
securities exercisable or exchangeable for, or convertible into Common Stock, and any option, warrant or other right to acquire any Common Stock or such equity or debt securities of the Company. 

“Electing Tag-Along Sellers” has the meaning ascribed to such term in
Section 3.3(b). 
 “Electronic Transmission” means any form of communication, not directly
involving the physical transmission of paper, that creates a record that may be retained, retrieved, and reviewed by a recipient thereof, and that may be directly reproduced in paper form by such a recipient through an automated process. 

“Eligible Tag-Along Seller” means the New Class C Stockholders and any of their
Permitted Transferees in any Tag-Along Sale. 

  
 4 

 “EMC” means EMC Corporation, a Massachusetts corporation and indirect
wholly-owned subsidiary of the Company. 
 “EMC Closing” has the meaning ascribed to the term “Closing” in the
Subscription Agreement. 
 “EMC Closing Date” means September 7, 2016. 

“ERISA” means the U.S. Employee Retirement Income Security Act of 1974, as amended from time to time, and the rules and
regulations promulgated pursuant thereto. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended from time
to time, and the rules and regulations promulgated pursuant thereto. 
 “Immediate Family Members” means, with respect to
any natural person (i) such natural person’s spouse, children (whether natural or adopted as minors), grandchildren or more remote descendants and (ii) the lineal descendants of each of the persons described in the immediately
preceding clause (i). 
 “Initial Class C Stockholder” has the meaning ascribed to such term in the
Preamble. 
 “Initiating Tag-Along Seller” means the MD Stockholders. 

“Joinder Agreement” means a joinder agreement substantially in the form of Annex A attached hereto.

 “Marketable Securities” means securities that (i) are traded on the New York Stock Exchange and/or the Nasdaq Stock
Market or any successor thereto, (ii) are, at the time of consummation of the applicable transfer, registered, pursuant to an effective registration statement and will remain registered until such time as such securities can be sold by the
holder thereof pursuant to Rule 144 (or any successor provision) under the Securities Act, as such provision is amended from time to time, without any volume or manner of sale restrictions, (iii) are not subject to restrictions on transfer as a
result of any applicable contractual provisions or by law (including the Securities Act) and (iv) the aggregate amount of which securities received by the New Class C Stockholders in any Tag-Along
Sale or Qualified Sale Transaction do not constitute 10% or more of the issued and outstanding securities of such class on a pro forma basis after giving effect to such transaction. For the purpose of this definition, Marketable Securities
are deemed to have been received on the trading day immediately prior to (x) the date that such cash and/or Marketable Securities are received by the New Class C Stockholders if not received in a Qualified Sale Transaction or (y) if
received in a Qualified Sale Transaction, the Applicable Date. 
 “MD” has the meaning ascribed to such term in the
Preamble. 
 “MD Charitable Entity” means the Michael & Susan Dell Foundation and any other private foundation or
supporting organization (as defined in Section 509(a) of the Code) established and principally funded directly or indirectly by MD and/or his spouse. 

  
 5 

 “MD Fiduciary” means any trustee of an inter vivos or testamentary trust
appointed by MD. 
 “MD Immediate Family Member” means, with respect to any MD Stockholder that is a natural person,
(i) such natural person’s spouse, children (whether natural or adopted as minors), grandchildren or more remote descendants, siblings, spouse’s siblings and (ii) the lineal descendants of each of the persons described in the
immediately preceding clause (i). 
 “MD Related Parties” means any or all of MD, the MD Stockholders, the MSD Partners
Stockholders, any Permitted Transferee of the MD Stockholders or the MSD Partners Stockholders, any Affiliate or family member of any of the foregoing and/or any business, entity or person which any of the foregoing controls, is controlled by or is
under common control with; provided, that neither the Company nor any of its Subsidiaries (including for this purpose VMware and its subsidiaries) shall be considered an “MD Related Party” regardless of the number of shares of
Common Stock beneficially owned by the MD Stockholders. 
 “MD Stockholders” has the meaning ascribed to such term in the
Preamble. 
 “MD Stockholders Agreement” means the MD Stockholders Agreement, dated as of the date hereof, by and among the
Company, the MD Stockholders and certain other parties thereto, as the same may be amended from time to time. 
 “Merger”
has the meaning ascribed to such term in the Recitals. 
 “Merger Agreement” has the meaning ascribed to such term in the
Recitals. 
 “Merger Sub” has the meaning ascribed to such term in the Recitals. 

“MSD Partners Co-Investor” has the meaning ascribed to such term in the MSD Partners
Stockholders Agreement. 
 “MSD Partners Stockholders” has the meaning ascribed to such term in the MSD Partners
Stockholders Agreement. 
 “MSD Partners Stockholders Agreement” means that certain MSD Partners Stockholders Agreement,
dated as of December 25, 2018, among the Company, the MSD Partners Stockholders, the MSD Partners Co-Investors and the MD Stockholders (solely with respect to Section 4.4 therein). 

“New Class C Stockholders” has the meaning ascribed to such term in the Preamble. 

“Organizational Documents” means, with respect to any Person, the articles and/or memorandum of association, certificate of
incorporation, certificate of organization, bylaws, partnership agreement, limited liability company agreement, operating agreement, certificate of formation, certificate of limited partnership and/or other organizational or governing documents of
such Person. 

  
 6 

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

 “Original Closing” means the closing of the merger of Denali Acquiror Inc. and Dell pursuant to the Agreement and Plan
of Merger, dated as of February 5, 2013 between the Company, Denali Intermediate Inc., Denali Acquiror Inc. and Dell, as amended by Amendment No. 1 on August 2, 2013 (as further amended, restated, supplemented or modified from time to
time). 
 “Original Closing Date” means October 29, 2013. 

“Participating Class C Stockholders” has the meaning ascribed to such term in Section 3.4(c).

 “Participating Sellers” has the meaning ascribed to such term in Section 3.3(c). 

“Permitted Transferee” means: 

(i) In the case of the New Class C Stockholders: (i) Temasek Holdings (Private) Limited (“Temasek
Holdings”) and (ii) Temasek Holdings’ direct and indirect wholly-owned Subsidiaries, the boards of directors or equivalent governing bodies of which comprise solely nominees or employees of (x) Temasek Holdings,
(y) Temasek Pte. Ltd. (a wholly-owned Subsidiary of Temasek Holdings) and/or (z) wholly-owned direct and indirect Subsidiaries of Temasek Pte. Ltd. (other than portfolio companies). 

(ii) In the case of the MD Stockholders: 

(A) MD, SLD Trust or any MD Immediate Family Member; 

(B) any MD Charitable Entity; 

(C) one or more trusts whose current beneficiaries are and will remain for so long as such trust holds DTI Securities, any of
(or any combination of) MD, one or more MD Immediate Family Members or MD Charitable Entities; 
 (D) any corporation,
limited liability company, partnership or other entity wholly-owned by any one or more persons or entities described in clause (ii)(A), (ii)(B) or (ii)(C) of this definition of “Permitted
Transferee”; or 
 (E) from and after MD’s death, any recipient under MD’s will, any revocable trust
established by MD that becomes irrevocable upon MD’s death, or by the laws of descent and distribution. 
 (iii) In the
case of the SLP Stockholders, (A) any of their respective controlled Affiliates (other than portfolio companies) or (B) an affiliated private equity fund of such SLP Stockholders that remains such an Affiliate or affiliated private equity
fund of such SLP Stockholders (which, for the avoidance of doubt, shall include any special purpose entity formed as part of a “fund-to-fund” transfer of all
or a portion of such SLP Stockholder’s investment in the Company, provide that all of the investors in such special purpose entity are, at the time of such transfer, partners or stockholders of such Stockholder and such special purpose entity
is managed by such SLP Stockholder or one of its Affiliates). 

  
 7 

 For the avoidance of doubt, (x) each MD Stockholder will be a Permitted Transferee of each other MD
Stockholder and (y) each SLP Stockholder will be a Permitted Transferee of each other SLP Stockholder. 
 “Person”
means an individual, any general partnership, limited partnership, limited liability company, corporation, trust, business trust, joint stock company, joint venture, unincorporated association, cooperative or association or any other legal entity or
organization of whatever nature, and shall include any successor (by merger or otherwise) of such entity, or a government or any agency or political subdivision thereof. 

“Priority Sell-Down” has the meaning ascribed to such term in the Registration Rights Agreement. 

“Qualified Sale Transaction” means any Sale Transaction (i) pursuant to which more than 50% of the Common Stock and
other debt securities exercisable or exchangeable for, or convertible into Common Stock, or any option, warrant or other right to acquire any Common Stock or such debt securities of the Company will be acquired by a Person that is not an MD Related
Party, nor the Company or any Subsidiary of the Company, (ii) in respect of which each New Class C Stockholder has, subject to clause (3) below, the right to participate in such Sale Transaction on the same terms as the SLP
Stockholders (including the same purchase price per share equivalent of Common Stock) and on the terms described in Section 3.3 of this Agreement, as applicable and (iii) unless otherwise agreed by prior written
consent of the SLP Stockholders, in which the SLP Stockholders and the New Class C Stockholders will receive consideration for their DTI Securities that consists entirely of cash and/or Marketable Securities. 

“Registration Rights Agreement” means the Second Amended and Restated Registration Rights Agreement, dated as of the date
hereof, by and among the Company, the Sponsor Stockholders and the other signatories party thereto, as the same may be amended, restated, supplemented or modified from time to time. 

“Representatives” means, with respect to any Person, such Person’s and its Affiliates’ respective directors,
officers, employees, trustees, partners, members, stockholders, controlling persons, investment committee, financial advisors, attorneys, consultants, accountants, agents and other representatives. 

“Sale Transaction” means (i) any merger, consolidation, business combination or amalgamation of the Company or any
Specified Subsidiary with or into any Person, (ii) the sale of Common Stock and/or other DTI Securities that represent (A) a majority of the Common Stock on a fully-diluted basis and/or (B) a majority of the aggregate voting power of
the Common Stock and/or (iii) the sale, lease or transfer, in one or a series of related transactions, of all or substantially all of the Company and its Subsidiaries’ assets (determined on a consolidated basis based on value) (including
by means of merger, consolidation, other business combination, 

  
 8 

 
exclusive license, share exchange or other reorganization); provided, that in calculating the aggregate voting power of the Common Stock and/or other DTI Securities for the purpose of
clause (ii) of this definition of “Sale Transaction,” the voting power attaching to any shares of Class A Common Stock and/or Class B Common Stock that will convert into Class C Common Stock in connection with such
transaction shall be determined as if such conversion had already taken place; provided, further, that in each case, any transaction solely between and among the Company and/or its wholly-owned Subsidiaries shall not be considered a
Sale Transaction hereunder. 
 “SEC” means the U. S. Securities and Exchange Commission or any successor agency. 

“Securities” means any equity securities of the Company, including any Common Stock, debt securities exercisable or
exchangeable for, or convertible into equity securities of the Company, or any option, warrant or other right to acquire any such equity securities or debt securities of the Company. 

“Securities Act” means the Securities Act of 1933, as amended from time to time, and the rules and regulations promulgated
pursuant thereto. 
 “Shelf Registration Statement” means a registration statement of the Company filed with the SEC on Form S-3 or Form F-3, or on Form S-1 or Form F-1 (or any successor form),
for an offering to be made on a delayed or continuous basis pursuant to Rule 415 under the Securities Act (or any similar rule that may be adopted by the SEC) covering the Common Stock. 

“SLD Trust” has the meaning ascribed to such term in the Preamble. 

“SLP” means Silver Lake Management Company III, L.L.C., Silver Lake Management Company IV, L.L.C. and their respective
affiliated management companies and investment vehicles. 
 “SLP Stockholders” has the meaning ascribed to such term in the
Preamble. 
 “Special Committee” has the meaning ascribed to such term in the Voting and Support Agreement. 

“Specified Subsidiary” means any of (i) Denali Intermediate Inc., a Delaware corporation
(“Intermediate”), (ii) Dell, (iii) EMC, (iv) Denali Finance Corp., a Delaware corporation (“Denali Finance”), (v) Dell International L.L.C., a Delaware limited liability company (“Dell
International”) (until such time as the MD Stockholders and the SLP Stockholders otherwise agree), (vi) any successors and assigns of any of Intermediate, Dell, EMC, Denali Finance and Dell International (until such time as the MD
Stockholders and the SLP Stockholders otherwise agree), (vii) any other borrowers under the senior secured indebtedness and/or issuer of the debt securities, in each case, incurred or issued to finance the Merger and the transactions contemplated
thereby and by the related transactions entered into in connection therewith and (viii) each intermediate entity or Subsidiary between the Company and any of the foregoing. 

  
 9 

 “Sponsor Stockholders” has the meaning ascribed to such term in the
Preamble. 
 “Spousal Consent” has the meaning ascribed to such term in Section 2.1(g). 

“Stockholders” has the meaning ascribed to such term in the Preamble. 

“Subscription Agreement” means that certain Common Stock Purchase Agreement, dated as of October 12, 2015, between the
Company and the Initial Class C Stockholder. 
 “Subsidiary” means, with respect to any Person, any entity of which
(i) a majority of the total voting power of shares of stock or equivalent ownership interests entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers, trustees or other members of the
applicable governing body thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if no such governing body exists at such
entity, a majority of the total voting power of shares of stock or equivalent ownership interests of the entity is at the time owned or controlled, directly or indirectly, by that Person or one or more Subsidiaries of that Person or a combination
thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity if such Person or Persons shall be allocated a majority of
limited liability company, partnership, association or other business entity gains or losses or shall be or control the managing member or general partner of such limited liability company, partnership, association or other business entity.
Notwithstanding the foregoing, VMware and its Subsidiaries shall not be considered Subsidiaries of the Company and its Subsidiaries for so long as VMware is not a direct or indirect wholly-owned subsidiary of the Company. 

“Tag-Along Buyer” has the meaning ascribed to such term in
Section 3.3(a). 
 “Tag-Along Demand” has the meaning
ascribed to such term in Section 3.3(c). 
 “Tag-Along
Participation Notice” has the meaning ascribed to such term in Section 3.3(b). 
 “Tag-Along Sale” has the meaning ascribed to such term in Section 3.3(a). 

“Tag-Along Sale Notice” has the meaning ascribed to such term in
Section 3.3(a). 
 “Tag-Along Sale Percentage” has
the meaning ascribed to such term in Section 3.3(a). 
 “Tag-Along
Sale Priority” has the meaning ascribed to such term in Section 3.3(c). 
 “Tag-Along Sale Proration” has the meaning ascribed to such term in Section 3.3(c). 

“Tag-Along Sellers” has the meaning ascribed to such term in
Section 3.3(b). 

  
 10 

 “Tag-Along Shares” has the
meaning ascribed to such term in Section 3.3(a). 
 “Temasek Holdings” has the meaning ascribed
to such term in the definition of “Permitted Transferee.” 
 “transfer” has the meaning ascribed to such term in
Section 3.1(a). 
 “Underwritten Offering” means an underwritten public offering of Class C
Common Stock that is registered under the Securities Act, including an underwritten public offering pursuant to a Shelf Registration Statement, but excluding, for the avoidance of doubt, the Merger. 

“VMware” means VMware, Inc., a Delaware corporation, together with its successors by merger or consolidation. 

“Voting and Support Agreement” means that certain Voting and Support Agreement, dated as of July 1, 2018, by and among
the Company, the MD Stockholders, the MSD Partners Stockholders and the SLP Stockholders. 
 “wholly-owned subsidiary”
means, with respect to any Person, any entity of which all of the shares of stock or equivalent ownership interests (other than, with respect to non-U.S. subsidiaries, only to the extent legally required,
de minimis ownership thereof by residents, natural persons or non-Affiliates) are owned by such Person or by one or more wholly-owned subsidiaries of such Person. 

Section 1.2. General Interpretive Principles. The name assigned to this Agreement and the section captions used herein are for
convenience of reference only and shall not be construed to affect the meaning, construction or effect hereof. Unless otherwise specified, the terms “hereof,” “herein” and similar terms refer to this Agreement as a whole, and
references herein to Articles or Sections refer to Articles or Sections of this Agreement. For purposes of this Agreement, the words “include,” “includes” and “including,” when used herein, shall be deemed in each case
to be followed by the words “without limitation.” The terms “dollars” and “$” shall mean United States dollars. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an
ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties and no presumption or burden of proof will arise favoring or disfavoring any party because of the authorship of any
provision of this Agreement. Furthermore, any rule of law or any legal decision that would require interpretation of any claimed ambiguities in this Agreement against the drafting party has no application to the parties hereto and is expressly
waived. 
 ARTICLE II 

REPRESENTATIONS AND WARRANTIES 

Section 2.1. Representations and Warranties of the Stockholders. Each of the Stockholders hereby represents and warrants severally
and not jointly to each of the other Stockholders and to the Company as of the date hereof (and in respect of Persons who become a party to this Agreement after the date hereof, such Stockholder hereby represents and warrants to each of the other
Stockholders and the Company on the date of its execution of a Joinder Agreement) as follows: 

  
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 (a) Such Stockholder, to the extent applicable, is duly organized or incorporated, validly
existing and in good standing under the laws of the jurisdiction of its organization or incorporation and has all requisite power and authority to conduct its business as it is now being conducted and is proposed to be conducted. 

(b) Such Stockholder has the full power, authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and
performance of this Agreement have been duly authorized by all necessary action, corporate or otherwise, of such Stockholder. This Agreement has been duly executed and delivered by such Stockholder and constitutes its, his or her legal, valid and
binding obligation, enforceable against it, him or her in accordance with its terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally. 

(c) The execution and delivery by such Stockholder of this Agreement and the performance by such Stockholder of its, his or her obligations
hereunder by such Stockholder does not and will not violate (i) in the case of Stockholders who are not individuals, any provision of its Organizational Documents, (ii) any provision of any material agreement to which it, he or she is a
party or by which it, he or she is bound or (iii) any law, rule, regulation, judgment, order or decree to which it, he or she is subject. 

(d) No notice, consent, waiver, approval, authorization, exemption, registration, license or declaration is required to be made or obtained by
such Stockholder in connection with the execution, delivery or enforceability of this Agreement. 
 (e) Such Stockholder is not currently in
violation of any law, rule, regulation, judgment, order or decree, which violation could reasonably be expected at any time to have a material adverse effect upon such Stockholder’s ability to enter into this Agreement or to perform its, his or
her obligations hereunder. 
 (f) There is no pending legal action, suit or proceeding that would materially and adversely affect the ability
of such Stockholder to enter into this Agreement or to perform its, his or her obligations hereunder. 
 (g) If such Stockholder is an
individual and married, he or she has delivered to the other Stockholders and the Company a duly executed copy of a Spousal Consent in the form attached hereto as Annex B (a “Spousal Consent”). 

Section 2.2. Acknowledgement by the Company. The Company hereby acknowledges that any references in the representations and
warranties contained in Article II of the Subscription Agreement to the “transactions contemplated hereby” and “transactions contemplated by this Agreement” are deemed to encompass, among other transactions, the entrance into,
execution of and performance by the Company of this Agreement. 

  
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 ARTICLE III 

TRANSFER RESTRICTIONS 

Section 3.1. General Restrictions on Transfers. 

(a) Generally. 

(i) No New Class C Stockholder may directly or indirectly, sell, exchange, assign, pledge, hypothecate, mortgage, gift or
otherwise transfer, dispose of or encumber, in each case, whether in its own right or by its representative and whether voluntary or involuntary or by operation of law (any of the foregoing, whether effected directly or indirectly (including by a
direct or indirect transfer of equity, ownership or economic interests, or options, warrants or other contractual rights to acquire an equity, ownership or economic interest, in any New Class C Stockholder), shall be deemed included in the
term “transfer” as used in this Agreement) any DTI Securities, or any legal, economic or beneficial interest in any DTI Securities; unless (i) such transfer is made on the books and records of the Company and is in
compliance with the provisions of this ARTICLE III and any other agreement applicable to the transfer of such DTI Securities and (ii) the transferee (if other than (A) the Company or another Stockholder or (B) a transferee
pursuant to an offer and sale registered under the Securities Act or, so long as the transferee is not an Affiliate or Permitted Transferee of a New Class C Stockholder, a transferee pursuant to Rule 144 under the Securities Act or, pursuant to
a sale exempt from registration so long as the transferee is not an Affiliate or Permitted Transferee of a New Class C Stockholder and such transferee enters into a written agreement for the benefit of the Company confirming its agreement to
comply with Section 3.1(c)) executes and delivers to the Company a Joinder Agreement in the form attached hereto as Annex A. 

(ii) Any purported transfer of DTI Securities or any interest in any DTI Securities by any New Class C Stockholder that is
not in compliance with this Agreement shall be null and void, and the Company shall refuse to recognize any such transfer for any purpose and shall not reflect in its register of stockholders or otherwise any change in record ownership of DTI
Securities pursuant to any such transfer. 
 (b) Fees and Expenses. Except as otherwise provided herein or in any other applicable
agreement between a New Class C Stockholder (or any of its Affiliates) and the Company, any New Class C Stockholder that proposes to transfer DTI Securities in accordance with the terms and conditions hereof shall be responsible for any
fees and expenses (including any stamp, transfer, recording or similar taxes) incurred by the Company in connection with such transfer. 

(c) Securities Law Acknowledgement. Each New Class C Stockholder acknowledges that none of the Common Stock (except the
Company’s Class V Common Stock and any shares of Class C Common Stock registered (1) on Form S-8 prior to the Closing Date, (2) in connection with the Merger or (3) after the
Closing Date) has been registered under the Securities Act and such unregistered shares may not be transferred, except as otherwise provided herein, pursuant to an effective registration statement under the Securities Act, or pursuant to an
exemption from registration under the Securities Act. Each New Class C Stockholder agrees that it will not transfer any Common Stock at any time if such action would (i) constitute a violation of any securities laws of any applicable
jurisdiction or a breach of the conditions to any 

  
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exemption from registration of Common Stock under any such laws or a breach of any undertaking or agreement of such New Class C Stockholder entered into pursuant to such laws or in
connection with obtaining an exemption thereunder, (ii) cause the Company to become subject to the registration requirements of the U.S. Investment Company Act of 1940, as amended from time to time, or (iii) be a nonexempt “prohibited
transaction” under ERISA or Section 4975 of the Code or cause all or any portion of the assets of the Company to constitute “plan assets” for purposes of fiduciary responsibility or prohibited transaction provisions of
Title I of ERISA or Section 4975 of the Code. Each New Class C Stockholder agrees it shall not be entitled to any certificate for any or all of the Common Stock, unless the Board shall otherwise determine. 

(d) Legend. 

(i) Each certificate (or book-entry share) evidencing Common Stock held by a New
Class C Stockholder shall, unless Section 3.1(d)(ii) or Section 3.1(d)(iii) applies, bear the following restrictive legend, either as an endorsement or on the face thereof: 

THE SALE, ASSIGNMENT, TRANSFER OR OTHER DISPOSITION OF THE SECURITIES EVIDENCED BY THIS CERTIFICATE IS RESTRICTED BY THE TERMS OF AN AMENDED
AND RESTATED CLASS C STOCKHOLDERS AGREEMENT, DATED AS OF DECEMBER 25, 2018, AS IT MAY BE AMENDED, MODIFIED OR SUPPLEMENTED FROM TIME TO TIME, COPIES OF WHICH ARE ON FILE WITH THE ISSUER OF THIS CERTIFICATE. NO SUCH SALE, ASSIGNMENT, TRANSFER OR
OTHER DISPOSITION SHALL BE EFFECTIVE UNLESS AND UNTIL THE TERMS AND CONDITIONS OF SUCH STOCKHOLDERS AGREEMENT HAVE BEEN COMPLIED WITH IN FULL. 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR UNDER
THE SECURITIES LAWS OF ANY OTHER JURISDICTION AND MAY NOT BE SOLD OR TRANSFERRED OTHER THAN IN ACCORDANCE WITH THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (OR OTHER APPLICABLE LAW), OR AN EXEMPTION
THEREFROM. 
 (ii) Each certificate (or book-entry share) evidencing Common Stock held by a New Class C Stockholder
issued in a transaction registered under the Securities Act shall bear the following restrictive legend, either as an endorsement or on the face thereof: 

  
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 THE SALE, ASSIGNMENT, TRANSFER OR OTHER DISPOSITION OF THE SECURITIES EVIDENCED BY THIS
CERTIFICATE IS RESTRICTED BY THE TERMS OF AN AMENDED AND RESTATED CLASS C STOCKHOLDERS AGREEMENT, DATED AS OF DECEMBER 25, 2018, AS IT MAY BE AMENDED, MODIFIED OR SUPPLEMENTED FROM TIME TO TIME, COPIES OF WHICH ARE ON FILE WITH THE ISSUER OF
THIS CERTIFICATE. NO SUCH SALE, ASSIGNMENT, TRANSFER OR OTHER DISPOSITION SHALL BE EFFECTIVE UNLESS AND UNTIL THE TERMS AND CONDITIONS OF SUCH STOCKHOLDERS AGREEMENT HAVE BEEN COMPLIED WITH IN FULL. 

(iii) In the event that any or all of the paragraphs in the restrictive legends set forth in
Section 3.1(d)(i) or Section 3.1(d)(ii) has ceased to be applicable, the Company shall provide any New Class C Stockholder, or their respective transferees, at his, her or its request, without
any expense to such New Class C Stockholder (other than applicable transfer taxes and similar governmental charges, if any), with new certificates (or evidence of book-entry shares) for such DTI
Securities of like tenor not bearing such paragraph(s) of the legend with respect to which the restriction has ceased and terminated (it being understood that the restriction referred to in Section 3.1(d)(ii) and in the
first paragraph of the legend in Section 3.1(d)(i) shall cease and terminate only upon the termination of this ARTICLE III with respect to the New Class C Stockholder holding such DTI Securities). 

(e) No Other Proxies or Voting Agreements. No New Class C Stockholder shall grant any proxy or enter into or agree to be bound by
any voting trust with respect to any DTI Securities or enter into any agreements or arrangements of either kind with any Person with respect to any DTI Securities, including agreements or arrangements with respect to the acquisition, disposition or
voting (if applicable) of any DTI Securities, nor shall any New Class C Stockholder act, for any reason, as a member of a group or in concert with any other Persons in connection with the acquisition, disposition or voting (if applicable) of
any DTI Securities. 
 (f) Acknowledgement. Each New Class C Stockholder acknowledges and agrees that the restrictions on
transfer of DTI Securities or any interest in DTI Securities as set forth in this ARTICLE III may adversely affect the proceeds received by such New Class C Stockholder in any sale, transfer or liquidation of any such DTI Securities, and
as a result of such restrictions on transfer, it may not be possible for such New Class C Stockholder to liquidate all or any part of such New Class C Stockholder’s interest in DTI Securities at the time of such New Class C
Stockholder’s choosing. Each New Class C Stockholder further acknowledges and agrees that none of the Company and/or the Sponsor Stockholders shall have any liability to such New Class C Stockholder arising from, relating to or in
connection with the restrictions on transfer of DTI Securities or any interest in DTI Securities as set forth in this ARTICLE III, except to the extent the Company or any Sponsor Stockholder fails to comply with its obligations to such New
Class C Stockholder pursuant to this ARTICLE III. 
 Section 3.2. Permitted Transfers. Subject to compliance with
any applicable provisions of the Organizational Documents of the Company, each New Class C Stockholder may transfer DTI Securities that are held by him, her or it to a Permitted Transferee of such New Class C Stockholder without complying
with the provisions of this ARTICLE III, other than Section 3.1; provided, that (i) such Permitted Transferee shall have executed and delivered to the 

  
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Company a Joinder Agreement as contemplated in Section 3.1(a), or otherwise agreed with the Company, in a written instrument reasonably satisfactory to the Company, that
he, she or it will immediately convey record and beneficial ownership of all such DTI Securities, and all rights and obligations hereunder to such New Class C Stockholder or another Permitted Transferee of such New Class C Stockholder if,
and immediately prior to such time that, he, she or it ceases to be a Permitted Transferee of such New Class C Stockholder and (ii) in the case of a transfer of DTI Securities to a natural person, such natural person’s spouse executes
and delivers to the Company a Joinder Agreement and a Spousal Consent as contemplated in Section 3.1(a). 

Section 3.3. Tag-Along Rights. 

(a) Subject to Section 3.3(h), (x) if any Initiating Tag-Along Seller
proposes to transfer all or a portion of their DTI Securities to any Person (other than to a Permitted Transferee of such Initiating Tag-Along Seller) or (y) a Sale Transaction is entered into by the MD
Stockholders that either is a Qualified Sale Transaction or has been approved by the SLP Stockholders (each of the transfers in the foregoing clauses (x) and (y), a “Tag-Along Sale”),
then the Initiating Tag-Along Seller shall give, or direct the Company to give and the Company shall so promptly give, written notice (a “Tag-Along Sale
Notice”) of such proposed transfer to all Eligible Tag-Along Sellers with respect to such Tag-Along Sale at least fifteen (15) days prior to each of the
consummation of such proposed transfer and the delivery of a Tag-Along Sale Notice setting forth (i) the number and type of each class of DTI Securities proposed to be transferred, (ii) the
consideration to be received for such DTI Securities by such Initiating Tag-Along Seller, including (in the case of any transfer by the MD Stockholders) any Additional Consideration received, (iii) the
identity of the purchaser (the “Tag-Along Buyer”), (iv) a copy of all definitive documents relating to such Tag-Along Sale, including all documents that
the Eligible Tag-Along Seller would be required to execute in order to participate in such Tag-Along Sale and all other agreements or documents referred to, or
referenced, therein, (v) a detailed summary of all material terms and conditions of the proposed transfer, (vi) the fraction, expressed as a percentage, determined by dividing the number of DTI Securities to be purchased from the
Initiating Tag-Along Seller and its Permitted Transferees by the total number of DTI Securities held by the Initiating Tag-Along Seller and its Permitted Transferees
(the “Tag-Along Sale Percentage”) and (vii) an invitation to each Eligible Tag-Along Seller to irrevocably agree to include in the Tag-Along Sale up to a number of DTI Securities held by such Eligible Tag-Along Seller equal to the product of the total number of DTI Securities held by such Eligible Tag-Along Seller multiplied by the Tag-Along Sale Percentage, subject to adjustment pursuant to the Tag-Along Sale Priority and the Tag-Along Sale Proration as contemplated in Section 3.3(c) (such amount of DTI Securities with respect to each Eligible Tag-Along Seller, such
Eligible Tag-Along Seller’s “Tag-Along Shares”). In the event that any MD Related Party directly or indirectly receives any compensation or other
consideration or benefit arising out of or in connection with the applicable Tag-Along Sale (other than any bona fide cash and/or equity compensation (whether in the form of an initial equity grant or
otherwise) for service as an executive officer of the acquiring or surviving company or any of their Subsidiaries or, with respect to MD Related Parties, any bona fide commercial arrangement that is not a “Related Party Transaction” (as
defined in the MD Stockholders Agreement) because of the proviso of the definition thereof between an MD Related Party and the proposed Tag-Along Buyer or any of its Affiliates which commercial arrangement has
been binding and in full force and effect (or, in the absence of a binding legal arrangement, to the extent a course of dealing has been in place) for at 

  
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least twelve (12) months prior to the date that the Tag-Along Sale Notice is provided to the Eligible
Tag-Along Seller) pursuant to any non-competition, non-solicitation, no-hire, or other
arrangement separate from the transfer of the DTI Securities of the Company (“Additional Consideration”), the value of such Additional Consideration (as reasonably determined by the Board of the Company, subject to the consent of
the SLP Stockholders not to be unreasonably withheld, conditioned or delayed) shall be deemed to have been part of the consideration paid or payable to the MD Stockholders in respect of their DTI Securities in such
Tag-Along Sale and shall be reflected in the amount offered by the Tag-Along Buyer set forth in the applicable Tag-Along Sale
Notice. In the event that more than one MD Stockholder or more than one SLP Stockholder, as the case may be, proposes to execute a Tag-Along Sale as an Initiating
Tag-Along Seller, then all such transferring MD Stockholders and/or SLP Stockholders, as the case may be, shall be treated as the Initiating Tag-Along Seller, and the
DTI Securities held and to be transferred by such MD Stockholders or SLP Stockholders, as the case may be, shall be aggregated as set forth in Section 5.16, including for purposes of calculating the applicable Tag-Along Sale Percentage; provided, that if the group of stockholders treated as the Initiating Tag-Along Seller pursuant to this sentence includes any SLP
Stockholders, then the Tag-Along Sale Percentage applicable to the New Class C Stockholders shall be calculated as if the SLP Stockholders are the only stockholders treated as the Initiating Tag-Along Seller. Notwithstanding anything in this Section 3.3 to the contrary, but subject to Section 3.3(c), if the Initiating
Tag-Along Seller is transferring Common Stock or vested in-the-money Company Stock Options in such
Tag-Along Sale, each of the Eligible Tag-Along Sellers shall be entitled to transfer the same proportion of DTI Securities held by such Eligible Tag-Along Seller as the proportion of the Initiating Tag-Along Seller’s Common Stock and vested
in-the-money Company Stock Options relative to the Initiating Tag-Along Seller’s total number of such DTI Securities that
are being sold by the Initiating Tag-Along Seller in such Tag-Along Sale (with each vested
in-the-money Company Stock Option counting as a share of Common Stock for purposes of the foregoing calculation). 

(b) Upon delivery of a Tag-Along Sale Notice, each Eligible
Tag-Along Seller may elect to include all or a portion of such Eligible Tag-Along Seller’s Tag-Along Shares in such Tag-Along Sale (Eligible Tag-Along Sellers who make such an election being an “Electing Tag-Along Seller” and,
together with the Initiating Tag-Along Seller and all other Persons (other than any Affiliates of the Initiating Tag-Along Seller) who otherwise are transferring, or
have exercised a contractual or other right to transfer, DTI Securities in connection with such Tag-Along Sale, the “Tag-Along Sellers”), at the same
price per share equivalent of Common Stock and pursuant to the same terms and conditions as agreed to by the Initiating Tag-Along Seller and otherwise in accordance with this
Section 3.3, by sending an irrevocable written notice (a “Tag-Along Participation Notice”) to the Initiating Tag-Along Seller
within fifteen (15) days of the date the Tag-Along Sale Notice is received by such Eligible Tag-Along Seller, indicating such Electing Tag-Along Seller’s irrevocable election, subject to Section 3.3(d), to include its Tag-Along Shares in the
Tag-Along Sale and setting forth the number of Eligible Tag-Along Seller’s Tag-Along Shares it elects to include. Following
such fifteen (15) day period, each Electing Tag-Along Seller that has delivered a Tag-Along Participation Notice shall be entitled to sell to such proposed
transferee on the same terms and conditions as and, concurrently with, the other Electing Tag-Along Sellers and the Initiating Tag-Along Seller, such Electing Tag-Along Seller’s Tag-Along Shares it elects to include, which terms and conditions have been set forth in the Tag-Along Sale
Notice, subject to the Tag-Along 

  
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Sale Priority and the Tag-Along Sale Proration as contemplated in Section 3.3(c). Each Eligible
Tag-Along Seller who does not deliver a Tag-Along Participation Notice within such fifteen (15) day period shall have waived and be deemed to have waived all of
such Eligible Tag-Along Seller’s rights with respect to such Tag-Along Sale. For the avoidance of doubt, it is understood that in order to be entitled to exercise
its right to include Tag-Along Shares in a Tag-Along Sale pursuant to this Section 3.3, each Electing
Tag-Along Seller must agree to make the same representations and warranties, covenants, indemnities and agreements to the Tag-Along Buyer as made by the Initiating Tag-Along Seller and any Electing Tag-Along Seller in connection with the Tag-Along Sale (and shall be subject to the same escrow or
other holdback arrangements as such Persons so long as such escrows or other holdbacks are proportionately based on the amount of consideration received for the sale of DTI Securities in such Tag-Along Sale
transaction); provided, that: 
 (i) each Electing Tag-Along Seller shall be
entitled to receive its pro rata portion (based on the relative amount (and taking into account the per share equivalent of Common Stock) of DTI Securities sold in such Tag-Along Sale transaction) of
any deferred consideration or indemnification payments relating to such Tag-Along Sale (provided, however, that, with respect to any unexercised Company Stock Options proposed to be transferred
in such Tag-Along Sale by any Tag-Along Seller, the per share consideration in respect thereof shall be reduced by the exercise price of such options or, if required
pursuant to the terms of such options or such Tag-Along Sale, such Tag-Along Seller must exercise the relevant option and transfer the relevant shares of Common Stock
(rather than the option) (in each case, net of any amounts required to be withheld by the Company in connection with such exercise)); 

(ii) the aggregate amount of liability of each Electing Tag-Along Seller shall not
exceed the proceeds received by such Electing Tag-Along Seller in such Tag-Along Sale; 

(iii) all indemnification obligations (other than with respect to the matters referenced in
Section 3.3(b)(iv)) shall be on a several and not joint basis to the Tag-Along Sellers pro rata (based on the amount of consideration received by each Tag-Along Seller in the Tag-Along Sale transaction); 

(iv) no Electing Tag-Along Seller shall be responsible for any indemnification
obligations and/or liabilities (including through escrow or hold back arrangements) for (A) breaches or inaccuracies of representations and warranties made with respect to any other Tag-Along
Seller’s (1) ownership of and title to DTI Securities, (2) organization and authority or (3) conflicts and consents and any other matter concerning such other Person and/or (B) breaches of any covenant specifically relating
to any other Tag-Along Seller; and 
 (v) no Stockholders that have elected to be an
Electing Tag-Along Seller shall be required in connection with such Tag-Along Sale transaction to agree to (A) any employee, customer or other non-solicitation, no-hire or other similar provision, (B) any non-competition or similar restrictive covenant and/or (C) any
term that purports to bind any portfolio company or investment of any Electing Tag-Along Seller or any of their respective Affiliates. 

  
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 (c) Notwithstanding anything in this Section 3.3 to the contrary,
if the Initiating Tag-Along Seller (including, for the avoidance of doubt, any of their Permitted Transferees) seeks to transfer Common Stock representing a majority of the Common Stock beneficially owned by
the MD Stockholders immediately following the Original Closing, then the number of Tag-Along Shares that an Eligible Tag-Along Seller may include in any Tag-Along Sale pursuant to this Section 3.3 shall be an amount equal to 100% of the equity securities in the Company, Dell and their respective Subsidiaries held by such Eligible Tag-Along Seller (such right, the “Tag-Along Sale Priority”). Further, in the event that Stockholders having the right to participate in a Tag-Along Sale (including the Initiating Tag-Along Seller, the “Participating Sellers”) have elected to include more DTI Securities in the aggregate than the Tag-Along Buyer is willing to purchase (the “Tag-Along Demand”), the number of DTI Securities permitted to be sold by the Participating Sellers shall be
reduced such that each Tag-Along Seller is permitted to sell only its pro rata share of the Tag-Along Demand (in proportion to the number of DTI Securities held
by each Participating Seller) (the “Tag-Along Sale Proration”); provided, that, in a Tag-Along Sale subject to
Tag-Along Sale Priority rights, the number of DTI Securities to be sold by Participating Sellers with Tag-Along Sale Priority shall not be reduced. 

(d) Notwithstanding the delivery of any Tag-Along Sale Notice, all determinations as to whether to
complete any Tag-Along Sale and as to the timing, manner, price and, subject to Section 3.3(b)(i) through (v), other terms and conditions of any such Tag-Along Sale shall be at the sole discretion of the Initiating Tag-Along Seller, and none of the Initiating Tag-Along Seller, its
Affiliates and their respective Representatives shall have any liability to any Electing Tag-Along Seller arising from, relating to or in connection with the pursuit, consummation, postponement, abandonment or
terms and conditions of any proposed Tag-Along Sale except to the extent such Initiating Tag-Along Seller failed to comply with the provisions of this
Section 3.3; provided, that (i) if the Initiating Tag-Along Seller agrees to amend, restate, modify or supplement the terms and/or conditions of the Tag-Along Sale after such time that any Stockholder has elected to be an Electing Tag-Along Seller in accordance with the terms of this Section 3.3,
the Initiating Tag-Along Seller shall promptly notify the Company and each Electing Tag-Along Seller of such amendment, restatement, modification and/or supplement and
(ii) each such Electing Tag-Along Seller shall have the right to withdraw its Tag-Along Participation Notice by delivering written notice of such withdrawal to the
Initiating Tag-Along Seller within five (5) Business Days of the date of receipt of such notice from the Initiating Tag-Along Seller. 

(e) Notwithstanding anything in this Section 3.3 to the contrary, this Section 3.3 shall
not apply to (i) any transfers of DTI Securities to a Permitted Transferee of the transferring Stockholder and/or (ii) any transfer of Common Stock in a registered public offering (whether in a Demand Registration, Piggyback Registration,
Marketed Underwritten Shelf Take-Down (each as defined in the Registration Rights Agreement) or otherwise), it being understood that participation rights in connection with transfers of Common Stock in a registered public offering (whether in a
Demand Registration, Piggyback Registration, Marketed Underwritten Shelf Take-Down (each as defined in the Registration Rights Agreement) or otherwise) shall be governed by the terms of the Registration Rights Agreement. 

  
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 (f) All reasonable and documented out-of-pocket costs and expenses incurred by the Company, its Subsidiaries and/or the Tag-Along Sellers in connection with such
Tag-Along Sale shall be allocated and borne on a pro rata basis by each Tag-Along Seller in accordance with the amount of consideration otherwise received by each
Tag-Along Seller in such Tag-Along Sale. For the avoidance of doubt, it is understood that this Section 3.3(f) shall not prevent any Tag-Along Sale to be structured in a manner such that some or all of the such costs and expenses result in a pro rata reduction in the consideration received by the
Tag-Along Sellers in such Tag-Along Sale. 
 (g)
Notwithstanding anything herein to the contrary, if the Initiating Tag-Along Seller has not completed the proposed Tag-Along Sale within one hundred twenty
(120) days following delivery of the Tag-Along Sale Notice in accordance with this Section 3.3, the Initiating Tag-Along Seller may not
then effect such proposed Tag-Along Sale without again complying with the provisions of this Section 3.3; provided, that if such proposed
Tag-Along Sale is subject to, and conditioned on, one or more prior regulatory approvals, then such one hundred twenty (120) day period shall be extended solely to the extent necessary until no later than
the expiration of ten (10) days after all such approvals shall have been received. 
 (h) The
“tag-along” rights described in this Section 3.3 shall survive the Merger (and shall be exercisable by any Stockholder) in respect of a single or series of related transfers
of DTI Securities by the MD Stockholders equal to 10% or more of the then outstanding Common Stock to the same Person or “group” (within the meaning of Section 13(d) of the Exchange Act) (other than a Permitted Transferee of the MD
Stockholders) and shall automatically terminate upon the earlier of (i) the 18-month anniversary of the Closing Date and (ii) such time following the Closing that the MD Stockholders no longer
beneficially own Common Stock representing a majority of the Common Stock beneficially owned by the MD Stockholders immediately following the Original Closing Date; provided, that in addition to any other applicable provisions in this
Section 3.3 (including the Tag-Along Sale Priority and the Tag-Along Sale Proration), such transfer of DTI Securities shall also be subject to
the Priority Sell-Down pursuant to the Registration Rights Agreement; provided, further, that any registered offering of DTI Securities shall be governed by the terms of the Registration Rights Agreement. 

(i) Notwithstanding the foregoing, (1) it is understood that a transfer of limited partnership interests, limited liability company
interests or similar interests in any of the Sponsor Stockholders, any other private equity fund or any parent entity with respect to any such Sponsor Stockholder or private equity fund shall not constitute a transfer for purposes of this Agreement
so long as there is no change of control of such entity, and (2) any conversion of Class A Common Stock, Class B Common Stock or Class D Common Stock to Class C Common Stock as contemplated by the Company’s Fifth
Amended and Restated Certificate of Incorporation shall not be deemed a “transfer” hereunder. 

  
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 Section 3.4. Black-Out Periods.

 (a) Each New Class C Stockholder agrees not to (1) offer for sale, sell, pledge, hypothecate, transfer, make any short sale of,
loan, grant any option or right to purchase of or otherwise dispose of (or enter into any transaction or device that is designed to, or could be expected to, result in the disposition by any person at any time in the future of) any DTI Securities
(including DTI Securities that may be deemed to be beneficially owned by the Participating Class C Stockholder in accordance with the rules and regulations of the SEC) or securities convertible into or exercisable or exchangeable for DTI
Securities, (2) enter into any swap, hedging arrangement or other derivatives transaction with respect to any DTI Securities (including DTI Securities that may be deemed to be beneficially owned by the Participating Class C Stockholder in
accordance with the rules and regulations of the SEC) or securities convertible into or exercisable or exchangeable for DTI Securities, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of DTI
Securities, in cash or otherwise or (3) publicly disclose the intention to do any of the foregoing, in the case of each of the foregoing clauses (1) through (3), during the period beginning on the Closing Date and ending one hundred eighty
(180) days thereafter; provided that each New Class C Stockholder may transfer DTI Securities to a Permitted Transferee thereof so long as any such Permitted Transferee, that is not a party to this Agreement executes and delivers to
the Company a Joinder Agreement pursuant to which such Person agrees to be bound by and comply with the provisions of, this Agreement (including, for the avoidance of doubt, this Section 3.4). For the avoidance of doubt,
any transfer of DTI Securities by the New Class C Stockholders permitted pursuant to the immediately foregoing proviso shall be subject to all other applicable provisions of this Agreement, including, without limitation,
Section 3.1 and Section 3.2. 
 (b) Notwithstanding anything to the contrary in
Section 3.4(a), if any Sponsor Stockholder or MSD Partners Stockholder is granted a discretionary release or waiver by the Company from the transfer restrictions applicable to such person pursuant to Section 2.14(a) of
the Registration Rights Agreement prior to the 181st day following the Closing Date, then each New Class C Stockholder shall (without duplication of any lock-up release provisions applicable to such New
Class C Stockholder in the Registration Rights Agreement or any other agreement) be entitled to transfer a number of DTI Securities equal to the product of (x) the maximum percentage (after applying the provisions of
Section 5.16) of DTI Securities held by any Sponsor Stockholder or MSD Partners Stockholder being released from Section 2.14(a) of the Registration Rights Agreement pursuant to such discretionary release or waiver
multiplied by (y) the total number of DTI Securities held by such New Class C Stockholder. In addition, a New Class C Stockholder may be released, in whole or in part, from the restrictions imposed by
Section 3.4(a) with, and to the extent provided by, the written consent of the Company (which Company consent shall require approval by the Special Committee). 

(c) In the event of an Underwritten Offering in which one or more New Class C Stockholders are participating (the “Participating
Class C Stockholders”), each of the Participating Class C Stockholders agrees if requested by the Company or the managing underwriter or underwriters in such Underwritten Offering or if requested by the Company, not
to (1) offer for sale, sell, pledge, hypothecate, transfer, make any short sale of, loan, grant any option or right to purchase of or otherwise dispose of (or enter into any transaction or device that is designed to, or could be expected to,
result in the disposition by any person at any time in the future of) any DTI Securities (including DTI Securities that may be deemed to be beneficially owned by the Participating Class C Stockholder in accordance with the rules and regulations
of 

  
 21 

 
the SEC) or securities convertible into or exercisable or exchangeable for DTI Securities, (2) enter into any swap, hedging arrangement or other derivatives transaction with respect to any
DTI Securities (including DTI Securities that may be deemed to be beneficially owned by the Participating Class C Stockholder in accordance with the rules and regulations of the SEC) or securities convertible into or exercisable or exchangeable
for DTI Securities, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of DTI Securities, in cash or otherwise or (3) publicly disclose the intention to do any of the foregoing, in the case of
each of the foregoing clauses (1) through (3), during the period beginning seven (7) days before such Underwritten Offering, and ending ninety (90) days thereafter. If requested by the managing underwriter or underwriters of any such
Underwritten Offering, each Participating Class C Stockholder shall execute a customary agreement reflecting its agreement set forth in this Section 3.4(c). 

ARTICLE IV 
 ADDITIONAL
AGREEMENTS 
 Section 4.1. Further Assurances. From time to time, at the reasonable request of the MD Stockholders or the
SLP Stockholders and without further consideration, each New Class C Stockholder shall execute and deliver such additional documents and take all such further action as may be necessary or appropriate to consummate and make effective, in the
most expeditious manner practicable, the transactions contemplated by this Agreement. 
 Section 4.2. Confidentiality. 

(a) The terms of this Agreement, any information relating to any exercise of rights hereunder, any documents, notices or other communications
provided pursuant to the terms of this Agreement, and/or any documents, statements, certificates, materials or information furnished, disseminated or otherwise made available, including any information concerning the Company, any of its direct or
indirect Subsidiaries (which for purposes of this Section 4.2 shall include VMware and its subsidiaries) or Affiliates or any of its or their respective employees, directors or consultants, in connection therewith
(“Confidential Information”), shall be confidential and no New Class C Stockholder shall disclose to any Person not a party to this Agreement any Confidential Information without the Company’s prior written consent, except
(a) to such New Class C Stockholder’s Affiliates, directors, officers, employees, advisors, agents, accountants and attorneys, in each case so long as such Persons agree to keep such information confidential, and (b) to a
Permitted Transferee pursuant to a transfer by such New Class C Stockholder in accordance with the Organizational Documents of the Company and ARTICLE III. Notwithstanding the foregoing, no New Class C Stockholder shall disclose to
any third party, in whole or in part, any Confidential Information that any of such New Class C Stockholder’s Affiliates, directors, officers, employees, advisors, agents, accountants or attorneys received on a confidential basis from the
Company or any other Person under or pursuant to this Agreement, including financial terms and financial and organizational information contained in any documents, statements, certificates, materials or information furnished, or to be furnished, by
or on behalf of the Company or any other Person in connection with the purchase or ownership of any DTI Securities; provided, however, that the foregoing shall not be construed, now or in the future, to apply to any information
obtained from sources other than the Company, any of its direct or indirect Subsidiaries or Affiliates or any of its or 

  
 22 

 
their employees, directors, consultants, agents or representatives (including attorneys, accountants, financial advisors, engineers and insurance brokers) or information that is or becomes in the
public domain through no fault of such New Class C Stockholder or any of his, her or its Permitted Transferees, nor shall it be construed to prevent such New Class C Stockholder from making any disclosure of any information (A) if
required to do so by any statute, law, treaty, rule, regulation, order, decree, writ, injunction or determination of any court or other governmental authority, in each case applicable to or binding upon such New Class C Stockholder, or
(B) pursuant to subpoena. 
 (b) The Company acknowledges that the New Class C Stockholders’ review of the Confidential
Information will inevitably enhance their knowledge and understanding of the Company’s and its Subsidiaries’ industries in a way that cannot be separated from the New Class C Stockholders’ or its Affiliates’ other knowledge
and the Company agrees that, without limiting the New Class C Stockholders’ obligations under this Agreement, Section 4.2(a) shall not restrict the New Class C Stockholders’ and their respective
Affiliates’ use of such overall knowledge and understanding of such industries, including in connection with the purchase, sale, consideration of and decisions related to other investments and serving on the boards of such investments. 

Section 4.3. Cooperation with Reorganizations. 

(a) Mergers, Reorganizations, Etc. In the event of any merger, amalgamation, statutory share exchange or other business combination or
reorganization of the Company, on the one hand, with any of its Subsidiaries (including for this purpose VMware and its subsidiaries), on the other hand, the New Class C Stockholders shall, to the extent necessary, as determined by the approval
of the MD Stockholders and the SLP Stockholders, execute a stockholders agreement with terms that are substantially equivalent (to the extent practicable) to, mutatis mutandis, such terms of this Agreement. 

(b) Further Assurances. In connection with any proposed transaction contemplated by Section 4.3(a), each New
Class C Stockholder shall take such actions as may be required and otherwise cooperate in good faith with the Company and the Sponsor Stockholders, including approving such reorganizations, mergers or other transactions and taking all actions
requested by the Company or the MD Stockholders and the SLP Stockholders, acting jointly, and executing and delivering all agreements, instruments and documents as may be required in order to consummate any such proposed transaction contemplated by
Section 4.3(a). 
 Section 4.4. Reporting. 

(a) Financial Statements. At the written request of any New Class C Stockholder, the Company shall deliver, or cause to be
delivered, to such New Class C Stockholder the financial statements and financial information and reports and budgets, as applicable, that are provided to lenders under the Term Facilities (as defined in the Debt Commitment Letter), when and to
the extent the same are prepared for and provided to such lenders, but without regard to any provisions in such Term Facilities that require: (a) notice of defaults or events of default or other events under the Term Facilities,
(b) delivery of officer’s certificates with respect to absence of defaults or the existence, occurrence or absence of other 

  
 23 

 
events or conditions specified under the Term Facilities, (c) consolidating footnotes or financial statements reflecting guarantor vs. non-guarantors
or restricted vs. unrestricted subsidiaries or (d) limitations on choice of auditor or that auditor reports not contain “going concern” or other qualifications or exceptions or limitations to as to scope. 

(b) Capitalization Table. If requested by any Stockholder, the Company shall deliver, or cause to be delivered with reasonable
promptness a complete, correct and accurate capitalization table for the DTI Securities. 
 Section 4.5. Registration of Applicable
High Vote Stock. The Company shall not cause the Class A Common Stock or Class B Common Stock or any Applicable High Vote Stock to be listed on a national securities exchange, or register an underwritten public offering of such stock,
in each case as the primary publicly traded Security of the Company, without the prior consent of a majority in interest of the New Class C Stockholders that then hold shares of Common Stock; provided, however, that: (a) such
restrictions will not apply if the New Class C Stockholders and their Permitted Transferees that then hold Common Stock or any other Securities convertible into Common Stock are given the opportunity to exchange or convert such shares of Common
Stock or other Securities into the same class of high-vote exchange-listed stock prior to such listing, registration or offering; and (b) the provisions of this Section 4.5 will also apply to any successor to the
Company by merger or consolidation (as long as the New Class C Stockholders continue to hold shares of such successor into which the shares of Common Stock or other Securities have been converted) with respect to the listing of any high vote
stock into which the Class A Common Stock, Class B Common Stock or any Applicable High Vote Stock of the Company is converted in such merger or consolidation. 

ARTICLE V 
 MISCELLANEOUS

 Section 5.1. Entire Agreement. This Agreement (together with the applicable Subscription Agreement and the Registration
Rights Agreement) constitutes the entire understanding and agreement between the parties with respect to the DTI Securities owned by the New Class C Stockholders and supersedes and replaces any prior understanding, agreement or statement of
intent, in each case, written or oral, of any and every nature with respect thereto; provided that, for the avoidance of doubt, the Original Agreement shall continue to have full force and effect with respect to matters addressed therein for
periods prior to the effectiveness of this Agreement. In the event of any inconsistency between this Agreement and any document executed or delivered to effect the purposes of this Agreement, including the Organizational Documents of any Person,
this Agreement shall govern as among the parties hereto. Each of the parties hereto shall exercise all voting and other rights and powers available to it so as to give effect to the provisions of this Agreement and, if necessary, to procure (so far
as it is able to do so) any required amendment to the Company’s and/or its Subsidiaries’ Organizational Documents, in order to cure any such inconsistency. 

Section 5.2. Specific Performance. The parties hereto agree that the obligations imposed on them in this Agreement are special,
unique and of an extraordinary character, and that, in the event of breach by any party, damages would not be an adequate remedy and each of the other parties shall be entitled to specific performance and injunctive and other equitable relief in
addition to any other remedy to which it may be entitled, at law or in equity. The parties hereto further agree to waive any requirement for the securing or posting of any bond in connection with the obtaining of any such injunctive or other
equitable relief. 

  
 24 

 Section 5.3. Governing Law. This Agreement and all claims or causes of action
(whether in tort, contract or otherwise) that may be based upon, arise out of or relate to this Agreement or the negotiation, execution or performance of this Agreement (including any claim or cause of action based upon, arising out of or related to
any representation or warranty made in or in connection with this Agreement) shall be governed by and construed in accordance with the laws of the State of Delaware, regardless of the laws that might otherwise govern under applicable principles of
conflicts of laws. 
 Section 5.4. Submissions to Jurisdictions; WAIVER OF JURY TRIAL. 

(a) Each of the parties hereto hereby irrevocably acknowledges and consents that any legal action or proceeding brought with respect to this
Agreement or any of the obligations arising under or relating to this Agreement shall be brought and determined exclusively in the Court of Chancery in the State of Delaware (or, only if the Court of Chancery in the State of Delaware declines to
accept jurisdiction over a particular matter, any Federal court of the United States of America sitting in the State of Delaware), and each of the parties hereto hereby irrevocably submits to and accepts with regard to any such action or proceeding,
for itself and in respect of its property, generally and unconditionally, the exclusive jurisdiction of the Court of Chancery in the State of Delaware (or, only if the Court of Chancery in the State of Delaware declines to accept jurisdiction over a
particular matter, any Federal court of the United States of America sitting in the State of Delaware). Each party hereby further irrevocably waives any claim that the Court of Chancery in the State of Delaware (or, only if the Court of Chancery in
the State of Delaware declines to accept jurisdiction over a particular matter, any Federal court of the United States of America sitting in the State of Delaware) lacks jurisdiction over such party, and agrees not to plead or claim, in any legal
action or proceeding with respect to this Agreement or the transactions contemplated hereby brought in the Court of Chancery in the State of Delaware (or, only if the Court of Chancery in the State of Delaware declines to accept jurisdiction over a
particular matter, any Federal court of the United States of America sitting in the State of Delaware), that any such court lacks jurisdiction over such party. 

(b) Each party irrevocably consents to the service of process in any legal action or proceeding brought with respect to this Agreement or any
of the obligations arising under or relating to this Agreement by the mailing of copies thereof by registered or certified mail, postage prepaid, to such party, at its address for notices as provided in Section 5.13 of this
Agreement, such service to become effective ten (10) days after such mailing. Each party hereby irrevocably waives any objection to such service of process and further irrevocably waives and agrees not to plead or claim in any action or
proceeding commenced hereunder or under any other documents contemplated hereby, that service of process was in any way invalid or ineffective. Subject to Section 5.4(c), the foregoing shall not limit the rights of any
party to serve process in any other manner permitted by applicable law. The foregoing consents to jurisdiction shall not constitute general consents to service of process in the State of Delaware for any purpose except as provided above and shall
not be deemed to confer rights on any Person other than the respective parties to this Agreement. 

  
 25 

 (c) Each of the parties hereto hereby waives any right it may have under the laws of any
jurisdiction to commence by publication any legal action or proceeding with respect to this Agreement or any of the obligations under or relating to this Agreement. To the fullest extent permitted by applicable law, each of the parties hereto hereby
irrevocably waives the objection which it may now or hereafter have to the laying of the venue of any suit, action or proceeding with respect to this Agreement or any of the obligations arising under or relating to this Agreement in the Court of
Chancery in the State of Delaware (or, only if the Court of Chancery in the State of Delaware declines to accept jurisdiction over a particular matter, any Federal court of the United States of America sitting in the State of Delaware), and hereby
further irrevocably waives and agrees not to plead or claim that the Court of Chancery in the State of Delaware (or, only if the Court of Chancery in the State of Delaware declines to accept jurisdiction over a particular matter, any Federal court
of the United States of America sitting in the State of Delaware) is not a convenient forum for any such suit, action or proceeding. 
 (d)
The parties hereto agree that any judgment obtained by any party hereto or its successors or assigns in any action, suit or proceeding referred to above may, in the discretion of such party (or its successors or assigns), be enforced in any
jurisdiction, to the extent permitted by applicable law. 
 (e) EACH OF THE PARTIES HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY SUIT, ACTION OR PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH OF THE PARTIES
(I) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY SUIT, ACTION OR PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(II) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
Section 5.4(e). 
 Section 5.5. Obligations. All obligations hereunder shall be satisfied in full
without set-off, defense or counterclaim. 
 Section 5.6. Consents, Approvals and
Actions. 
 (a) MD Stockholders. All actions required to be taken by, or approvals or consents of, the MD Stockholders under this
Agreement shall be taken by consent or approval by, or agreement of, MD or his permitted assignee; provided, that upon the occurrence and during the continuation of a Disabling Event, such approval or consent shall be taken by consent or
approval by, or agreement of, the holders of a majority of the DTI Securities held by the MD Stockholders, and in each case, such consent, approval or agreement shall constitute the necessary action, approval or consent by the MD Stockholders. 

  
 26 

 (b) SLP Stockholders. All actions required to be taken by, or approvals or consents
of, the SLP Stockholders under this Agreement shall be taken by consent or approval by, or agreement of, the holders of a majority of the DTI Securities held by the SLP Stockholders, and in each case, such consent, approval or agreement shall
constitute the necessary action, approval or consent by the SLP Stockholders. 
 (c) New Class C Stockholders. All
actions required to be taken by, or approvals or consents of, the New Class C Stockholders under this Agreement shall be taken by consent or approval by, or agreement of, the holders of a majority of the DTI Securities held by the New
Class C Stockholders, and such consent, approval or agreement shall constitute the necessary action, approval or consent by the New Class C Stockholders. 

Section 5.7. Amendment; Waiver. 

(a) Except as set forth below, any amendment or modification of any provision of this Agreement shall require the prior written approval of the
Company; provided, that (i) if any such amendment or modification adversely affects the MD Stockholders, it shall require the prior written consent of the holders of a majority of the DTI Securities held by the MD Stockholders in the
aggregate, (ii) if any such amendment or modification adversely affects the SLP Stockholders, it shall require the prior written consent of the holders of a majority of the DTI Securities held by the SLP Stockholders in the aggregate and
(iii) if the express terms of any such amendment or modification disproportionately and adversely affect one or more New Class C Stockholders relative to the Sponsor Stockholders or any other New Class C Stockholder, it shall require
the prior written consent of the holders of a majority of the DTI Securities held by such affected New Class C Stockholders in the aggregate. Notwithstanding the foregoing, (i) the foregoing proviso shall not apply with respect to in the
case of New Class C Stockholders, amendments or modifications that do not apply to New Class C Stockholders, (ii) any addition of a transferee of DTI Securities or a recipient of DTI Securities as a party hereto pursuant to
Section 3.1(a) shall not constitute an amendment or modification hereto and the applicable Joinder Agreement need be signed only by the Company and such transferee or recipient, and (iii) the Company shall promptly
amend the books and records of the Company appropriately as and to the extent necessary to reflect the removal or addition of a New Class C Stockholder, any changes in the amount and/or type of DTI Securities beneficially owned by each New
Class C Stockholder and/or the addition of a transferee of DTI Securities or a recipient of any DTI Securities, in each case, pursuant to and in accordance with the terms of this Agreement. 

(b) Any failure by the Company or a Sponsor Stockholder at any time to enforce any of the provisions of this Agreement shall not be construed a
waiver of such provision or any other provisions hereof. The waiver by the Company or a Sponsor Stockholder of a breach of any provision of this Agreement shall not operate or be construed as a further or continuing waiver of such breach or as a
waiver of any other or subsequent breach. Except as otherwise expressly provided herein, no failure on the part of the Company or a Sponsor Stockholder to exercise, and no delay in exercising, any right, power or remedy hereunder, or otherwise
available in respect hereof at law or in equity, shall operate as a waiver thereof, nor shall any single or partial exercise of such right, power or remedy by the Company or a Sponsor Stockholder preclude any other or further exercise thereof or the
exercise of any other right, power or remedy. 

  
 27 

 Section 5.8. Assignment of Rights By New Class C
Stockholders. No New Class C Stockholder may assign or transfer its rights under this Agreement except with the prior consent of the MD Stockholders and the SLP Stockholders; provided, that no such consent shall be required for any
assignment or transfer of DTI Securities to a Permitted Transferee which complies with Section 3.2. Any purported assignment of rights or obligations under this Agreement in derogation of this
Section 5.8 shall be null and void. 
 Section 5.9. Transfers to Permitted Transferees. Each MD
Stockholder and SLP Stockholder agrees that it will not transfer any DTI Securities to any of its Permitted Transferees unless (i) such Permitted Transferee is already a party to this Agreement or (ii) at the time of such transfer such
Permitted Transferee executes and delivers to the Company a Joinder Agreement in the form attached hereto as Annex A and becomes a party to this Agreement. 

Section 5.10. Binding Effect. Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of,
and be binding upon, the parties’ successors and permitted assigns. 
 Section 5.11. Third Party Beneficiaries. Except for
Section 5.14 (which will be for the benefit of the Persons set forth therein, and any such Person will have the rights provided for therein), this Agreement does not create any rights, claims or benefits inuring to any
Person that is not a party hereto, and it does not create or establish any third party beneficiary hereto. 
 Section 5.12.
Termination. This Agreement shall terminate only (i) by written consent of the MD Stockholders (for so long as the MD Stockholders own DTI Securities), the SLP Stockholders (for so long as the SLP Stockholders own DTI Securities) and the
holders of a majority of the DTI Securities held by all of the New Class C Stockholders or (ii) upon the dissolution or liquidation of the Company. 

Section 5.13. Notices. Any and all notices, designations, offers, acceptances or other communications provided for herein shall be
deemed to be sufficient if contained in a written instrument delivered in person or sent by facsimile (with written confirmation of transmission), e-mail (with written confirmation of transmission) or nationally-recognized overnight courier, which shall be addressed: 
 (a) in the case of the Company, to
its principal office to the attention of its General Counsel, with a copy (which shall not constitute actual or constructive notice) to: 

Hogan Lovells US LLP 
 Columbia
Square 
 555 Thirteenth Street, NW 

Washington, DC 20004 
 Attention:
Richard J. Parrino 
      Kevin K. Greenslade 

Facsimile: (202) 637-5910 

Email: richard.parrino@hoganlovells.com 

Email: kevin.greenslade@hoganlovells.com 

  
 28 

 (b) in the case of the Stockholders identified below, to the following respective addresses,
e-mail addresses or facsimile numbers: 
 If to any of the SLP Stockholders, to: 

c/o Silver Lake Partners 
 2775
Sand Hill Road 
 Suite 100 

Menlo Park, CA 94025 
 Attention:
Karen King 
 Facsimile: (650) 233-8125 

E-mail: karen.king@silverlake.com 

and 
 c/o Silver Lake Partners

 9 West 57th Street 
 32nd
Floor 
 New York, NY 10019 

Attention: Andrew J. Schader 

Facsimile: (212) 981-3535 

E-mail: andy.schader@silverlake.com 

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

Simpson Thacher & Bartlett LLP 

2475 Hanover Street 
 Palo Alto,
CA 94304 
 Attention: Rich Capelouto 

     Daniel N. Webb 

Facsimile: (650) 251-5002 

Email: rcapelouto@stblaw.com 

Email: dwebb@stblaw.com 
 If to
any of the MD Stockholders, to: 
 Michael S. Dell 

c/o Dell Inc. 
 One Dell Way 

Round Rock, TX 78682 
 Facsimile:
(512) 283-1469 
 Email: michael@dell.com 

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

Wachtell, Lipton, Rosen & Katz 

51 West 52nd Street 
 New York, NY
10019 

  
 29 

 Attention: Steven A. Rosenblum 

     Michael J. Segal 

     Andrew J. Nussbaum 

     Gordon S. Moodie 

Facsimile: (212) 403-2000 

Email: sarosenblum@wlrk.com 

Email: msegal@wlrk.com 
 Email:
ajnussbaum@wlrk.com 
 Email: gsmoodie@wlrk.com 

and 
 MSD Capital, L.P. 

645 Fifth Avenue 
 21st Floor 

New York, NY 10022-5910 

Attention: Marc R. Lisker 

     Marcello Liguori 

Facsimile: (212) 303-1772 

Email: mlisker@msdcapital.com 

Email: mliguori@msdcapital.com 

(c) If to any New Class C Stockholder, to the address, e-mail address or facsimile number
appearing on the signature pages hereto and/or Joinder Agreement (if applicable) of such New Class C Stockholder. 
 Any and all notices, designations,
offers, acceptances or other communications shall be conclusively deemed to have been given, delivered or received (i) in the case of personal delivery, on the day of actual delivery thereof, (ii) in the case of facsimile or e-mail, on the day of transmittal thereof if given during the normal business hours of the recipient, and on the Business Day during which such normal business hours next occur if not given during such hours on any
day and (iii) in the case of dispatch by nationally-recognized overnight courier, on the next Business Day following the disposition with such nationally-recognized
overnight courier. By notice complying with the foregoing provisions of this Section 5.13, each party shall have the right to change its mailing address, e-mail address or facsimile
number for the notices and communications to such party. The Stockholders hereby consent to the delivery of any and all notices, designations, offers, acceptances or other communications provided for herein by Electronic Transmission addressed to
the email address or facsimile number of such Stockholder as provided herein. 
 Section 5.14. No Third Party Liability. This
Agreement may only be enforced against the named parties hereto. All claims or causes of action (whether in contract or tort) that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this
Agreement (including any representation or warranty made in or in connection with this Agreement or as an inducement to enter into this Agreement), may be made only against the entities that are expressly identified as parties hereto; and no past,
present or future director, 

  
 30 

 
officer, employee, incorporator, member, partner, stockholder, Affiliate, portfolio company in which any such party or any of its investment fund Affiliates have made a debt or equity investment
(and vice versa), agent, attorney or representative of any party hereto (including any Person negotiating or executing this Agreement on behalf of a party hereto), unless party to this Agreement, shall have any liability or obligation with respect
to this Agreement or with respect any claim or cause of action (whether in contract or tort) that may arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement (including a representation or warranty
made in or in connection with this Agreement or as an inducement to enter into this Agreement). 
 Section 5.15. No Partnership.
Nothing in this Agreement and no actions taken by the parties under this Agreement shall constitute a partnership, association or other co-operative entity between any of the parties or cause any party to be
deemed the agent of any other party for any purpose. 
 Section 5.16. Aggregation; Beneficial Ownership. All DTI Securities held
or acquired by any Sponsor Stockholder and its Affiliates and Permitted Transferees shall be aggregated together for the purpose of determining the availability of any rights under and application of any limitations under this Agreement, and each
such Sponsor Stockholder and its Affiliates may apportion such rights as among themselves in any manner they deem appropriate. Without limiting the generality of the foregoing: 

(a) for the purposes of calculating the beneficial ownership of the MD Stockholders, all of the MD Stockholders’ Common Stock, the MSD
Partners Stockholders’ Common Stock, all of their respective Affiliates’ Common Stock and all of their respective Permitted Transferees’ Common Stock (including in each case Common Stock issuable upon exercise, delivery or vesting of
incentive equity awards) shall be included as being owned by the MD Stockholders and as being outstanding; and 
 (b) for the purposes of
calculating the beneficial ownership of any other Stockholder, all of such Stockholder’s Common Stock, all of its Affiliates’ Common Stock and all of its Permitted Transferees’ Common Stock shall be included as being owned by such
Stockholder and as being outstanding. 
 Section 5.17. Severability. If any portion of this Agreement shall be declared void or
unenforceable by any court or administrative body of competent jurisdiction, such portion shall be deemed severable from the remainder of this Agreement, which shall continue in all respects to be valid and enforceable. 

Section 5.18. Counterparts. This Agreement may be executed in any number of counterparts (which delivery may be via facsimile
transmission or e-mail if in .pdf format), each of which shall be deemed an original, but all of which together shall constitute a single instrument. 

Section 5.19. Effectiveness. This Agreement shall become effective as of December 25, 2018 upon execution of this Agreement
by the Company and each of the Sponsor Stockholders and the New Class C Stockholder. In the event that this Agreement does not become effective, the Original Agreement shall continue in full force and effect without amendment or restatement.

  
 31 

 IN WITNESS WHEREOF, each of the undersigned has executed this Amended and Restated
Class C Stockholders Agreement or caused this Amended and Restated Class C Stockholders Agreement to be signed by its officer thereunto duly authorized as of the date first written above. 

 

					
	 COMPANY:
  

DELL TECHNOLOGIES INC.

		
	By:	 	 /s/ Janet M. Bawcom

		 	Name:	 	Janet M. Bawcom
		 	Title:	 	Senior Vice President and Assistant Secretary

 
	
	MD STOCKHOLDER:
	
	 /s/ Michael S. Dell

	MICHAEL S. DELL

 
					
	MD STOCKHOLDER:
	
	SUSAN LIEBERMAN DELL SEPARATE PROPERTY TRUST
		
	By:	 	 /s/ Marc R. Lisker

		 	Name:	 	Marc R. Lisker
		 	Title:	 	President, Hexagon Trust Company

 
					
	 SLP STOCKHOLDERS:
  

SILVER LAKE PARTNERS III, L.P.

		
	By:	 	Silver Lake Technology Associates III, L.P., its general partner
		
	By:	 	SLTA III (GP), L.L.C., its general partner
	
	By:Silver Lake Group, L.L.C., its managing member
		
	By:	 	 /s/ Egon Durban

		 	Name:	 	Egon Durban
		 	Title:	 	Managing Director
	
	SILVER LAKE PARTNERS IV, L.P.
		
	By:	 	Silver Lake Technology Associates IV, L.P., its general partner
		
	By:	 	SLTA IV (GP), L.L.C., its general partner
		
	By:	 	Silver Lake Group, L.L.C., its managing member
		
	By:	 	 /s/ Egon Durban

		 	Name:	 	Egon Durban
		 	Title:	 	Managing Director

 
					
	SILVER LAKE TECHNOLOGY INVESTORS III, L.P.
		
	By:	 	Silver Lake Technology Associates III, L.P., its general partner
		
	By:	 	SLTA III (GP), L.L.C., its general partner
		
	By:	 	Silver Lake Group, L.L.C., its managing member
		
	By:	 	 /s/ Egon Durban

		 	Name:	 	Egon Durban
		 	Title:	 	Managing Director
	
	SILVER LAKE TECHNOLOGY INVESTORS IV, L.P.
		
	By:	 	Silver Lake Technology Associates IV, L.P., its general partner
		
	By:	 	SLTA IV (GP), L.L.C., its general partner
		
	By:	 	Silver Lake Group, L.L.C., its managing member
		
	By:	 	 /s/ Egon Durban

		 	Name:	 	Egon Durban
		 	Title:	 	Managing Director

 
					
	 SLP DENALI CO-INVEST, L.P.

 
 By: SLP Denali Co-Invest GP, L.L.C., its
general partner

		
	By:	 	Silver Lake Technology Associates III, L.P., its managing member
		
	By:	 	SLTA III (GP), L.L.C., its general partner
		
	By:	 	Silver Lake Group, L.L.C., its managing member
		
	By:	 	 /s/ Egon Durban

		 	Name:	 	Egon Durban
		 	Title:	 	Managing Director

 
					
	 NEW CLASS C STOCKHOLDER
  

VENEZIO INVESTMENTS PTE. LTD.

		
	By:	 	 /s/ Rohit Sipahimalani

		 	Name:	 	Rohit Sipahimalani
		 	Title:	 	Authorized Signatory

 If to any of the New Class C Stockholders, to: 

Venezio Investments Pte. Ltd. 
 60B Orchard Road 

#06-18 Tower 2 
 Singapore

 Attention: Justin Dzau 
 Email: justindzau@temasek.com.sg

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

Cleary Gottlieb Steen & Hamilton LLP 
 One Liberty Plaza

 New York NY 10006 
 Attention: Paul J. Shim 

Facsimile: (212) 225-3999 

Email: pshim@cgsh.com 

 Annex A 

FORM OF JOINDER AGREEMENT 

The undersigned is executing and delivering this Joinder Agreement pursuant to that certain Amended and Restated Class C Stockholders
Agreement, dated as of December 25, 2018 (as amended, restated, supplemented or otherwise modified in accordance with the terms thereof, the “Class C Stockholders Agreement”) by and among Dell
Technologies Inc., Michael S. Dell, Susan Lieberman Dell Separate Property Trust, Silver Lake Partners III, L.P., Silver Lake Technology Investors III, L.P., Silver Lake Partners IV, L.P., Silver Lake Technology Investors IV, L.P., SLP Denali Co-Invest, L.P., the New Class C Stockholders named therein and any other Persons who become a party thereto in accordance with the terms thereof. Capitalized terms used but not defined in this Joinder
Agreement shall have the respective meanings ascribed to such terms in the Class C Stockholders Agreement. 
 By executing and
delivering this Joinder Agreement to the Class C Stockholders Agreement, the undersigned hereby adopts and approves the Class C Stockholders Agreement and agrees, effective commencing on the date hereof and as a condition to the
undersigned’s becoming the transferee of DTI Securities, to become a party as a New Class C Stockholder to, and to be bound by and comply with the provisions of, the Class C Stockholders Agreement applicable to a New Class C
Stockholder in the same manner as if the undersigned were an original signatory to the Class C Stockholders Agreement. 
 [The
undersigned hereby represents and warrants that, pursuant to this Joinder Agreement and the Class C Stockholders Agreement, it is a Permitted Transferee of [•] and will be the lawful record owner of [•] shares of [Insert
description of series / type of Security] of the Company as of the date hereof. The undersigned hereby covenants and agrees that it will take all such actions as required of a Permitted Transferee as set forth in the Class C
Stockholders Agreement, including but not limited to conveying its record and beneficial ownership of any DTI Securities and all rights, title and obligations thereunder back to the initial transferor Stockholder or to another Permitted Transferee
of the original transferor Stockholder, as the case may be, immediately prior to such time that the undersigned no longer meets the qualifications of a Permitted Transferee as set forth in the Class C Stockholders Agreement.]1 
 The undersigned acknowledges and agrees that Section 5.2
through Section 5.4 of the Class C Stockholders Agreement are incorporated herein by reference, mutatis mutandis. 

[Remainder of page intentionally left blank] 

 

	1 	 [Note: To be included for transfers of DTI Securities to Permitted Transferees] 

 Accordingly, the undersigned has executed and delivered this Joinder Agreement as of the
         day of                     ,
            . 
  

			
	  
 Signature

	
	  
 Print Name

		
	Address:	 	  

	  

	  

	Telephone:	 	  

	Facsimile:	 	  

	Email:	 	  

 AGREED AND ACCEPTED 

As of the          day
of                    ,             . 

 

			
	DELL TECHNOLOGIES INC.
		
	By:	 	  

		 	Name:
		 	Title:

 Annex B 

FORM OF 
 SPOUSAL CONSENT

 In consideration of the execution of that certain Amended and Restated Class C Stockholders Agreement, dated as of
December 25, 2018 (as amended, restated, supplemented or otherwise modified in accordance with the terms thereof, the “Class C Stockholders Agreement”) by and among Dell Technologies Inc., Michael S.
Dell, Susan Lieberman Dell Separate Property Trust, Silver Lake Partners III, L.P., Silver Lake Technology Investors III, L.P., Silver Lake Partners IV, L.P., Silver Lake Technology Investors IV, L.P., SLP Denali
Co-Invest, L.P., the New Class C Stockholders named therein and any other Persons who become a party thereto in accordance with the terms thereof, I,
                                , the spouse of
                                    , who is a party to the
Class C Stockholders Agreement, do hereby join with my spouse in executing the foregoing Class C Stockholders Agreement and do hereby agree to be bound by all of the terms and provisions thereof, in consideration of the issuance,
acquisition or receipt of DTI Securities and all other interests I may have in the shares and securities subject thereto, whether the interest may be pursuant to community property laws or similar laws relating to marital property in effect in the
state or province of my or our residence as of the date of signing this consent. Capitalized terms used but not defined herein shall have the meaning ascribed to such terms in the Class C Stockholders Agreement. 

Dated as of                  ,
             
  

	
	  
 (Signature of Spouse)

	
	  

	(Print Name of Spouse)EX-10.7

 Exhibit 10.7 
  

 
  

DELL TECHNOLOGIES INC. 

SECOND AMENDED AND RESTATED CLASS A STOCKHOLDERS AGREEMENT 

Dated as of December 25, 2018 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	
	ARTICLE I DEFINITIONS	  

			
	 Section 1.1.
	 	Definitions	  	 	2	 
	 Section 1.2.
	 	General Interpretive Principles	  	 	8	 
	
	ARTICLE II REPRESENTATIONS AND WARRANTIES	  

			
	 Section 2.1.
	 	Representations and Warranties of the New Class A Stockholders	  	 	8	 
	
	ARTICLE III TRANSFER RESTRICTIONS	  

			
	 Section 3.1.
	 	General Restrictions on Transfers	  	 	10	 
	 Section 3.2.
	 	Specified Restrictions on Transfers	  	 	13	 
	 Section 3.3.
	 	Permitted Transfers	  	 	13	 
	 Section 3.4.
	 	Black-Out Periods	  	 	13	 
	
	ARTICLE IV ADDITIONAL AGREEMENTS	  

			
	 Section 4.1.
	 	Further Assurances	  	 	14	 
	 Section 4.2.
	 	Confidentiality	  	 	14	 
	 Section 4.3.
	 	Cooperation with Reorganization and SEC Filings	  	 	15	 
	
	ARTICLE V ADDITIONAL NEW CLASS A STOCKHOLDERS	  

			
	 Section 5.1.
	 	Additional New Class A Stockholders	  	 	15	 
	
	ARTICLE VI MISCELLANEOUS	  

			
	 Section 6.1.
	 	Entire Agreement	  	 	16	 
	 Section 6.2.
	 	Specific Performance	  	 	16	 
	 Section 6.3.
	 	Governing Law	  	 	16	 
	 Section 6.4.
	 	Submissions to Jurisdictions; WAIVER OF JURY TRIAL	  	 	16	 
	 Section 6.5.
	 	Obligations	  	 	18	 
	 Section 6.6.
	 	Consents, Approvals and Actions	  	 	18	 
	 Section 6.7.
	 	Amendment; Waiver	  	 	18	 
	 Section 6.8.
	 	Assignment of Rights By New Class A Stockholders	  	 	19	 
	 Section 6.9.
	 	Binding Effect	  	 	19	 
	 Section 6.10.
	 	Third Party Beneficiaries	  	 	19	 
	 Section 6.11.
	 	Termination	  	 	19	 
	 Section 6.12.
	 	Notices	  	 	19	 
	 Section 6.13.
	 	No Third Party Liability	  	 	22	 
	 Section 6.14.
	 	No Partnership	  	 	22	 
	 Section 6.15.
	 	Aggregation; Beneficial Ownership	  	 	22	 
	 Section 6.16.
	 	Severability	  	 	23	 
	 Section 6.17.
	 	Counterparts	  	 	23	 
	 Section 6.18.
	 	Effectiveness	  	 	23	 

  
 i 

 ANNEXES 

 

			
	ANNEX A   -  	 	FORM OF JOINDER AGREEMENT
	ANNEX B   -  	 	FORM OF SPOUSAL CONSENT

  
 ii 

 DELL TECHNOLOGIES INC. 

SECOND AMENDED AND RESTATED 

CLASS A STOCKHOLDERS AGREEMENT 

This SECOND AMENDED AND RESTATED CLASS A STOCKHOLDERS AGREEMENT is made as of December 25, 2018, by and among Dell Technologies Inc., a
Delaware corporation (together with its successors and assigns, the “Company”), and each of the following (hereinafter severally referred to as a “Stockholder” and collectively referred to as
the “Stockholders”): 
  

	 	(a)	 Michael S. Dell (“MD”) and Susan Lieberman Dell Separate Property Trust (the “SLD
Trust” and together with MD and their respective Permitted Transferees (as defined herein) that acquire Common Stock (as defined herein), the “MD Stockholders”); 

 

	 	(b)	 Silver Lake Partners III, L.P., a Delaware limited partnership, Silver Lake Technology Investors III, L.P., a
Delaware limited partnership, Silver Lake Partners IV, L.P., a Delaware limited partnership, Silver Lake Technology Investors IV, L.P., a Delaware limited partnership, and SLP Denali Co-Invest, L.P., a
Delaware limited partnership (collectively, and together with their respective Permitted Transferees that acquire Common Stock, the “SLP Stockholders,” and together with the MD Stockholders, the “Sponsor
Stockholders”); and 

  

	 	(c)	 the New Class A Stockholders (the “New Class A Stockholders”)
identified on a schedule provided separately by the Company to each of the Stockholders. 

 WHEREAS, certain of the
parties hereto are party to that certain Series A Stockholders Agreement, dated as of February 6, 2014 (the “Original Agreement”), as amended and restated by that certain Amended and Restated Class A Stockholders
Agreement, dated as of September 7, 2016 (the “First Restated Agreement”); 
 WHEREAS, pursuant to an Agreement and
Plan of Merger, dated as of July 1, 2018 (as further amended, restated, supplemented or modified from time to time, the “Merger Agreement”), by and between the Company and Teton Merger Sub Inc., a Delaware corporation and
wholly-owned subsidiary of the Company (“Merger Sub”), Merger Sub will be merged with and into the Company (the “Merger”), with the Company as the surviving corporation; 

WHEREAS, in connection with the execution of the Merger Agreement and the consummation of the Merger, the Company and the Sponsor Stockholders
wish to amend the First Restated Agreement to make certain changes to the rights and obligations of the Company, the Sponsor Stockholders and the MSD Partners Stockholders under the First Restated Agreement; 

 WHEREAS, pursuant to, and subject to the terms and conditions set forth in Section 5.9
of that certain MSD Partners Stockholders Agreement, dated as of the date hereof, the Company, the MSD Partners Stockholders and the MSD Partners Co-Investors (as defined herein) agreed to terminate the rights
and obligations of the MSD Partners Stockholders and the MSD Partners Co-Investors under the First Restated Agreement; and 

WHEREAS, the undersigned parties desire to amend and restate the First Restated Agreement as set forth herein pursuant to
Section 6.7 of the First Restated Agreement; 
 NOW, THEREFORE, in consideration of the agreements and obligations
set forth herein and for other good and valuable consideration, the receipt of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree that the First Restated Agreement is, as of the effectiveness of this
Agreement pursuant to Section 6.18, amended and restated in its entirety as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.1. Definitions. As used in this Agreement, the following terms shall have the meanings set forth below: 

“Affiliate” means, with respect to any Person, any other Person that controls, is controlled by, or is under common control
with such Person. The term “control” means the power to direct or cause the direction of the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or
otherwise. The terms “controlled” and “controlling” have meanings correlative to the foregoing. Notwithstanding the foregoing, for purposes of this Agreement, (i) the Company, its Subsidiaries and its other
controlled Affiliates (including VMware and its subsidiaries) shall not be considered Affiliates of any of the Sponsor Stockholders or any of such party’s Affiliates (other than the Company, its Subsidiaries and its other controlled
Affiliates), (ii) none of the MD Stockholders and the MSD Partners Stockholders, on the one hand, and/or the SLP Stockholders, on the other hand, shall be considered Affiliates of each other, and (iii) except with respect to
Section 6.13, none of the Sponsor Stockholders shall be considered Affiliates of (x) any portfolio company in which any of the Sponsor Stockholders or any of their investment fund Affiliates have made a debt or equity
investment (and vice versa) or (y) any limited partners, non-managing members or other similar direct or indirect investors in any of the Sponsor Stockholders or their affiliated investment funds. 

“Agreement” means this Second Amended and Restated Class A Stockholders Agreement (including the annexes attached
hereto) as the same may be amended, restated, supplemented or modified from time to time. 
 “beneficial ownership” and
“beneficially own” and similar terms have the meaning set forth in Rule 13d-3 under the Exchange Act; provided, however, that (i) subject to
Section 6.15, no party hereto shall be deemed to beneficially own any Securities held by any other party hereto solely by virtue of the provisions of this Agreement (other than this definition)

  
 2 

 
or other similar agreement with the Company and/or its Subsidiaries, and (ii) with respect to any Securities held by a party hereto that are exercisable for, convertible into or exchangeable
for shares of Common Stock upon delivery of consideration to the Company or any of its Subsidiaries, such shares of Common Stock shall not be deemed to be beneficially owned by such party unless, until and to the extent such Securities have been
exercised, converted or exchanged and such consideration has been delivered by such party to the Company or such Subsidiary. 

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

“Business Day” means a day, other than a Saturday, Sunday or other day on which banks located in New York, New York, Austin,
Texas or San Francisco, California are authorized or required by law to close. 
 “Class A Common Stock”
means the Class A Common Stock, par value $0.01 per share, of the Company. 
 “Class B Common
Stock” means the Class B Common Stock, par value $0.01 per share, of the Company. 
 “Class C
Common Stock” means the Class C Common Stock, par value $0.01 per share, of the Company. 

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

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

“Closing Date” has the meaning ascribed to such term in the Merger Agreement. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended. 

“Common Stock” means the Class A Common Stock, the Class B Common Stock, the Class C Common Stock and the
Class D Common Stock. 
 “Company” has the meaning ascribed to such term in the Preamble. 

“Confidential Information” has the meaning ascribed to such term in Section 4.2. 

“Dell” means Dell Inc., a Delaware corporation. 

“Disabling Event” means either the death, or the continuation of any disability, of MD. For this purpose,
“disability” means any physical or mental disability or infirmity that prevents the performance of MD’s duties as a director or Chief Executive Officer of the Company for a period of one hundred eighty (180) consecutive days.

  
 3 

 “DTI Securities” means the Common Stock, any equity or debt securities
exercisable or exchangeable for, or convertible into Common Stock, and any option, warrant or other right to acquire any Common Stock or such equity or debt securities of the Company. 

“Electronic Transmission” means any form of communication, not directly involving the physical transmission of paper, that
creates a record that may be retained, retrieved, and reviewed by a recipient thereof, and that may be directly reproduced in paper form by such a recipient through an automated process. 

“EMC” means EMC Corporation, a Massachusetts corporation and indirect wholly-owned subsidiary of the Company. 

“EMC Closing” means the closing on September 7, 2016 of the merger of Universal Acquisition Co., a Delaware corporation,
and EMC with EMC as the surviving corporation. 
 “ERISA” means the U.S. Employee Retirement Income Security Act of 1974,
as amended from time to time, and the rules and regulations promulgated pursuant thereto. 
 “Exchange Act” means the
Securities Exchange Act of 1934, as amended from time to time, and the rules and regulations promulgated pursuant thereto. 
 “First
Restated Agreement” has the meaning ascribed to such term in the Recitals. 
 “Immediate Family Members” means,
with respect to any natural person (i) such natural person’s spouse, children (whether natural or adopted as minors), grandchildren or more remote descendants and (ii) the lineal descendants of each of the persons described in the
immediately preceding clause (i). 
 “Joinder Agreement” means a joinder agreement substantially in the form of
Annex A attached hereto. 
 “MD” has the meaning ascribed to such term in the Preamble. 

“MD Charitable Entity” means the Michael & Susan Dell Foundation and any other private foundation or supporting
organization (as defined in Section 509(a) of the Code) established and principally funded directly or indirectly by MD and/or his spouse. 

“MD Fiduciary” means any trustee of an inter vivos or testamentary trust appointed by MD. 

“MD Immediate Family Member” means, with respect to any MD Stockholder that is a natural person, (i) such natural
person’s spouse, children (whether natural or adopted as minors), grandchildren or more remote descendants, siblings, spouse’s siblings and (ii) the lineal descendants of each of the persons described in the immediately preceding
clause (i). 
 “MD Stockholders” has the meaning ascribed to such term in the Preamble. 

  
 4 

 “Merger” has the meaning ascribed to such term in the Recitals. 

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

“Merger Sub” has the meaning ascribed to such term in the Recitals. 

“MSD Partners Co-Investor” has the meaning ascribed to such term in the MSD Partners
Stockholders Agreement. 
 “MSD Partners Stockholders” has the meaning ascribed to such term in the MSD Partners
Stockholders Agreement. 
 “MSD Partners Stockholders Agreement” means that certain MSD Stockholders Agreement, dated as of
December 25, 2018, among the Company, the MSD Partners Stockholders, the MSD Partners Co-Investors and the MD Stockholders (solely with respect to Section 4.4 therein). 

“New Class A Stockholders” has the meaning ascribed to such term in the Preamble. 

“Organizational Documents” means, with respect to any Person, the articles and/or memorandum of association, certificate of
incorporation, certificate of organization, bylaws, partnership agreement, limited liability company agreement, operating agreement, certificate of formation, certificate of limited partnership and/or other organizational or governing documents of
such Person. 
 “Original Agreement” has the meaning ascribed to such term in the Recitals. 

“Permitted Transferee” means: 

(i) In the case of any New Class A Stockholder, any family trusts and other
estate-planning vehicles controlled solely by such New Class A Stockholder and with respect to which the sole beneficiaries are such New Class A Stockholder and/or such New Class A
Stockholder’s Immediate Family Members; provided, that any such transferee enters into a Joinder Agreement in the form of Annex A. 

(ii) In the case of the MD Stockholders: 

(A) MD, SLD Trust or any MD Immediate Family Member; 

(B) any MD Charitable Entity; 

(C) one or more trusts whose current beneficiaries are and will remain for so long as such trust holds DTI Securities, any of
(or any combination of) MD, one or more MD Immediate Family Members or MD Charitable Entities; 

  
 5 

 (D) any corporation, limited liability company, partnership or other entity wholly-owned by any one or more persons or entities described in clause (ii)(A), (ii)(B) or (ii)(C) of this definition of “Permitted Transferee”; or 

(E) from and after MD’s death, any recipient under MD’s will, any revocable trust established by MD that becomes
irrevocable upon MD’s death, or by the laws of descent and distribution. 
 (iii) In the case of the SLP Stockholders,
(A) any of their respective controlled Affiliates (other than portfolio companies) or (B) an affiliated private equity fund of such SLP Stockholders that remains such an Affiliate or affiliated private equity fund of such SLP Stockholders
(which, for the avoidance of doubt, shall include any special purpose entity formed as part of a “fund-to-fund” transfer of all or a portion of such SLP
Stockholder’s investment in the Company, provide that all of the investors in such special purpose entity are, at the time of such transfer, partners or stockholders of such SLP Stockholder and such special purpose entity is managed by such SLP
Stockholder or one of its Affiliates). 
 For the avoidance of doubt, (x) each MD Stockholder will be a Permitted Transferee of each other MD
Stockholder and (y) each SLP Stockholder will be a Permitted Transferee of each other SLP Stockholder. 
 “Person”
means an individual, any general partnership, limited partnership, limited liability company, corporation, trust, business trust, joint stock company, joint venture, unincorporated association, cooperative or association or any other legal entity or
organization of whatever nature, and shall include any successor (by merger or otherwise) of such entity, or a government or any agency or political subdivision thereof. 

“Registration Rights Agreement” means the Second Amended and Restated Registration Rights Agreement, dated as of the date
hereof, by and among the Company, the Sponsor Stockholders and the other signatories party thereto, as the same may be amended, restated, supplemented or modified from time to time. 

“Representatives” means, with respect to any Person, such Person’s and its Affiliates’ respective directors,
officers, employees, trustees, partners, members, stockholders, controlling persons, investment committee, financial advisors, attorneys, consultants, accountants, agents and other representatives. 

“SEC” means the U. S. Securities and Exchange Commission or any successor agency. 

“Securities” means any equity securities of the Company, including any Common Stock, debt securities exercisable or
exchangeable for, or convertible into equity securities of the Company, or any option, warrant or other right to acquire any such equity securities or debt securities of the Company. 

“Securities Act” means the Securities Act of 1933, as amended from time to time, and the rules and regulations promulgated
pursuant thereto. 

  
 6 

 “Shares” means shares of Class A Common Stock and/or shares of
Class C Common Stock. 
 “Shelf Registration Statement” means a registration statement of the Company filed with the
SEC on Form S-3 or Form F-3, or on Form S-1 or Form F-1 (or any
successor form), for an offering to be made on a delayed or continuous basis pursuant to Rule 415 under the Securities Act (or any similar rule that may be adopted by the SEC) covering the Common Stock. 

“SLD Trust” has the meaning ascribed to such term in the Preamble. 

“SLP” means Silver Lake Management Company III, L.L.C., Silver Lake Management Company IV, L.L.C. and their respective
affiliated management companies and investment vehicles. 
 “SLP Stockholders” has the meaning ascribed to such term in the
Preamble. 
 “Special Committee” has the meaning ascribed to such term in the Voting and Support Agreement. 

“Sponsor Stockholders” has the meaning ascribed to such term in the Preamble. 

“Spousal Consent” has the meaning ascribed to such term in Section 2.1(g). 

“Stockholders” has the meaning ascribed to such term in the Preamble. 

“Subscription Agreement” means, (i) with respect to any New Class A Stockholder party hereto as of the EMC Closing,
the subscription agreement pursuant to which such New Class A Stockholder purchased shares of Series A Stock of the Company and/or Series C Stock of the Company from the Company prior to the EMC Closing which were subsequently reclassified as
Class A Common Stock, (ii) with respect to any New Class A Stockholder party hereto as of the Closing, the subscription agreement, if any, pursuant to which such New Class A Stockholder purchased shares of Common Stock from the
Company after the EMC Closing and prior to the Closing and (iii) any subscription agreement pursuant to which a New Class A Stockholder shall agree to purchase shares of Common Stock from the Company, and pursuant to which the Company
shall agree to sell shares of Common Stock to such New Class A Stockholder. 
 “Subsidiary” means, with respect to any
Person, any entity of which (i) a majority of the total voting power of shares of stock or equivalent ownership interests entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers, trustees or
other members of the applicable governing body thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if no such governing
body exists at such entity, a majority of the total voting power of shares of stock or equivalent ownership interests of the entity is at the time owned or controlled, directly or indirectly, by that Person or one or more Subsidiaries of that Person
or a combination thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, 

  
 7 

 
association or other business entity if such Person or Persons shall be allocated a majority of limited liability company, partnership, association or other business entity gains or losses or
shall be or control the managing member or general partner of such limited liability company, partnership, association or other business entity. Notwithstanding the foregoing, VMware and its Subsidiaries shall not be considered Subsidiaries of the
Company and its Subsidiaries for so long as VMware is not a direct or indirect wholly-owned subsidiary of the Company. 

“transfer” has the meaning ascribed to such term in Section 3.1(a). 

“VMware” means VMware, Inc., a Delaware corporation, together with its successors by merger or consolidation. 

“Voting and Support Agreement” has the meaning ascribed to such term in the Recitals. 

“wholly-owned subsidiary” means, with respect to any Person, any entity of which all of the shares of stock or equivalent
ownership interests (other than, with respect to non-U.S. subsidiaries, only to the extent legally required, de minimis ownership thereof by residents, natural persons or
non-Affiliates) are owned by such Person or by one or more wholly-owned subsidiaries of such Person. 

Section 1.2. General Interpretive Principles. The name assigned to this Agreement and the section captions used herein are for
convenience of reference only and shall not be construed to affect the meaning, construction or effect hereof. Unless otherwise specified, the terms “hereof,” “herein” and similar terms refer to this Agreement as a whole, and
references herein to Articles or Sections refer to Articles or Sections of this Agreement. For purposes of this Agreement, the words “include,” “includes” and “including,” when used herein, shall be deemed in each case
to be followed by the words “without limitation.” The terms “dollars” and “$” shall mean United States dollars. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an
ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties and no presumption or burden of proof will arise favoring or disfavoring any party because of the authorship of any
provision of this Agreement. Furthermore, any rule of law or any legal decision that would require interpretation of any claimed ambiguities in this Agreement against the drafting party has no application to the parties hereto and is expressly
waived. 
 ARTICLE II 

REPRESENTATIONS AND WARRANTIES 

Section 2.1. Representations and Warranties of the New Class A Stockholders. Each of the New Class A
Stockholders hereby represents and warrants severally and not jointly to the Sponsor Stockholders and to the Company as of the date of the Original Agreement (and in respect of Persons who became or become a party to this Agreement after the date of
the Original Agreement, such New Class A Stockholder hereby represents and warrants to the Sponsor Stockholders and the Company on the date of its execution of a Joinder Agreement) as follows: 

  
 8 

 (a) Such New Class A Stockholder, to the extent applicable, is duly organized or
incorporated, validly existing and in good standing under the laws of the jurisdiction of its organization or incorporation and has all requisite power and authority to conduct its business as it is now being conducted and is proposed to be
conducted. 
 (b) Such New Class A Stockholder has the full power, authority and legal right to execute, deliver and perform this
Agreement. The execution, delivery and performance of this Agreement have been duly authorized by all necessary action, corporate or otherwise, of such New Class A Stockholder. This Agreement has been duly executed and delivered by such New
Class A Stockholder and constitutes its, his or her legal, valid and binding obligation, enforceable against it, him or her in accordance with its terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’
rights generally. 
 (c) The execution and delivery by such New Class A Stockholder of this Agreement and the performance by such New
Class A Stockholder of its, his or her obligations hereunder by such New Class A Stockholder does not and will not violate (i) in the case of New Class A Stockholders who are not individuals, any provision of its Organizational
Documents, (ii) any provision of any material agreement to which it, he or she is a party or by which it, he or she is bound or (iii) any law, rule, regulation, judgment, order or decree to which it, he or she is subject. 

(d) No notice, consent, waiver, approval, authorization, exemption, registration, license or declaration is required to be made or obtained by
such New Class A Stockholder in connection with the execution, delivery or enforceability of this Agreement. 
 (e) Such New
Class A Stockholder is not currently in violation of any law, rule, regulation, judgment, order or decree, which violation could reasonably be expected at any time to have a material adverse effect upon such New Class A Stockholder’s
ability to enter into this Agreement or to perform its, his or her obligations hereunder. 
 (f) There is no pending legal action, suit or
proceeding that would materially and adversely affect the ability of such New Class A Stockholder to enter into this Agreement or to perform its, his or her obligations hereunder. 

(g) If such New Class A Stockholder is an individual and married, he or she has delivered to the other Stockholders and the Company a duly
executed copy of a Spousal Consent in the form attached hereto as Annex B (a “Spousal Consent”). 

  
 9 

 ARTICLE III 

TRANSFER RESTRICTIONS 

Section 3.1. General Restrictions on Transfers. 

(a) Generally. 

(i) No New Class A Stockholder may directly or indirectly, sell, exchange, assign, pledge, hypothecate, mortgage, gift or
otherwise transfer, dispose of or encumber, in each case, whether in its own right or by its representative and whether voluntary or involuntary or by operation of law (any of the foregoing, whether effected directly or indirectly (including by a
direct or indirect transfer of equity, ownership or economic interests, or options, warrants or other contractual rights to acquire an equity, ownership or economic interest, in any New Class A Stockholder), shall be deemed included in the
term “transfer” as used in this Agreement) any DTI Securities, or any legal, economic or beneficial interest in any DTI Securities; provided, that, subject to compliance with any applicable provisions of the
Organizational Documents of the Company, a New Class A Stockholder may transfer DTI Securities if and only if (i) such transfer is made on the books and records of the Company and is in compliance with the provisions of this ARTICLE
III (including Section 3.2) and any other agreement applicable to the transfer of such DTI Securities, (ii) the transferee (if other than the Company or another Stockholder, a transferee pursuant to an offer and
sale registered under the Securities Act or (so long as the transferee is not an Affiliate or Permitted Transferee of a New Class A Stockholder) a transferee pursuant to Rule 144 under the Securities Act, or pursuant to a sale exempt from
registration so long as the transferee is not an Affiliate or Permitted Transferee of a New Class A Stockholder and such transferee enters into a written agreement for the benefit of the Company confirming its agreement to comply with
Section 3.1(c)), agrees to become a party to this Agreement pursuant to ARTICLE V and executes and delivers to the Company a Joinder Agreement in the form attached hereto as Annex A and
(iii) in the case of a transfer to a natural person (if other than (A) another Stockholder, (B) a transferee pursuant to an offer and sale registered under the Securities Act or (so long as the transferee is not an Affiliate or
Permitted Transferee of a New Class A Stockholder) a transferee pursuant to Rule 144 under the Securities Act or (C) pursuant to a sale exempt from registration so long as the transferee is not an Affiliate or Permitted Transferee of
a New Class A Stockholder and such transferee enters into a written agreement for the benefit of the Company confirming its agreement to comply with Section 3.1(c)), such natural person’s spouse executes and
delivers to the Company a Joinder Agreement in the form attached hereto as Annex A and a Spousal Consent in the form attached hereto as Annex B. 

(ii) Any purported transfer of DTI Securities or any interest in any DTI Securities by any New Class A Stockholder that is
not in compliance with this Agreement shall be null and void, and the Company shall refuse to recognize any such transfer for any purpose and shall not reflect in its register of stockholders or otherwise any change in record ownership of DTI
Securities pursuant to any such transfer. 
 (b) Fees and Expenses. Except as otherwise provided herein or in any other applicable
agreement between a New Class A Stockholder (or any of its Affiliates) and the Company, any New Class A Stockholder that proposes to transfer DTI Securities in accordance with the terms and conditions hereof shall be responsible for any
fees and expenses (including any stamp, transfer, recording or similar taxes) incurred by the Company in connection with such transfer. 

(c) Securities Law Acknowledgement. Each New Class A Stockholder acknowledges that none of the Common Stock (except any shares of
Class C Common Stock registered (1) on Form S-8 prior to the Closing Date, (2) in connection with the Merger or (3) after the Closing Date) has been registered under the Securities Act and
such unregistered shares 

  
 10 

 
may not be transferred, except as otherwise provided herein, pursuant to an effective registration statement under the Securities Act or pursuant to an exemption from registration under the
Securities Act. Each New Class A Stockholder agrees that it will not transfer any Common Stock at any time if such action would (i) constitute a violation of any securities laws of any applicable jurisdiction or a breach of the conditions
to any exemption from registration of Common Stock under any such laws or a breach of any undertaking or agreement of such New Class A Stockholder entered into pursuant to such laws or in connection with obtaining an exemption thereunder,
(ii) cause the Company to become subject to the registration requirements of the U.S. Investment Company Act of 1940, as amended from time to time, or (iii) be a nonexempt “prohibited transaction” under ERISA or Section 4975
of the Code or cause all or any portion of the assets of the Company to constitute “plan assets” for purposes of fiduciary responsibility or prohibited transaction provisions of Title I of ERISA or Section 4975 of the Code. Each
New Class A Stockholder agrees it shall not be entitled to any certificate for any or all of the Common Stock, unless the Board shall otherwise determine. 

(d) Legend. 

(i) Each certificate (or book entry share) evidencing Common Stock held by a New Class A Stockholder shall, unless
Section 3.1(d)(ii) or Section 3.1(d)(iii) applies, bear the following restrictive legend, either as an endorsement or on the face thereof: 

THE SALE, ASSIGNMENT, TRANSFER OR OTHER DISPOSITION OF THE SECURITIES EVIDENCED BY THIS CERTIFICATE IS RESTRICTED BY THE TERMS OF A SECOND
AMENDED AND RESTATED CLASS A STOCKHOLDERS AGREEMENT, DATED AS OF DECEMBER 25, 2018, AS IT MAY BE AMENDED, MODIFIED OR SUPPLEMENTED FROM TIME TO TIME, COPIES OF WHICH ARE ON FILE WITH THE ISSUER OF THIS CERTIFICATE. NO SUCH SALE, ASSIGNMENT,
TRANSFER OR OTHER DISPOSITION SHALL BE EFFECTIVE UNLESS AND UNTIL THE TERMS AND CONDITIONS OF SUCH STOCKHOLDERS AGREEMENT HAVE BEEN COMPLIED WITH IN FULL. 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR UNDER
THE SECURITIES LAWS OF ANY OTHER JURISDICTION AND MAY NOT BE SOLD OR TRANSFERRED OTHER THAN IN ACCORDANCE WITH THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (OR OTHER APPLICABLE LAW), OR AN EXEMPTION
THEREFROM. 
 (ii) Each certificate (or book-entry share) evidencing Common Stock held by a New Class A Stockholder and
in a transaction registered under the Securities Act shall bear the following restrictive legend, either as an endorsement or on the face thereof: 

  
 11 

 THE SALE, ASSIGNMENT, TRANSFER OR OTHER DISPOSITION OF THE SECURITIES EVIDENCED BY THIS
CERTIFICATE IS RESTRICTED BY THE TERMS OF A SECOND AMENDED AND RESTATED CLASS A STOCKHOLDERS AGREEMENT, DATED AS OF DECEMBER 25, 2018, AS IT MAY BE AMENDED, MODIFIED OR SUPPLEMENTED FROM TIME TO TIME, COPIES OF WHICH ARE ON FILE WITH THE ISSUER
OF THIS CERTIFICATE. NO SUCH SALE, ASSIGNMENT, TRANSFER OR OTHER DISPOSITION SHALL BE EFFECTIVE UNLESS AND UNTIL THE TERMS AND CONDITIONS OF SUCH STOCKHOLDERS AGREEMENT HAVE BEEN COMPLIED WITH IN FULL. 

(iii) In the event that any or all of the paragraphs in the restrictive legend set forth in
Section 3.1(d)(i) or Section 3.1(d)(ii) has ceased to be applicable, the Company shall provide any New Class A Stockholder or their respective transferees, at his, her or its request, without
any expense to such New Class A Stockholder (other than applicable transfer taxes and similar governmental charges, if any), with new certificates (or evidence of book-entry shares) for such DTI
Securities of like tenor not bearing such paragraph(s) of the legend with respect to which the restriction has ceased and terminated (it being understood that the restriction referred to in Section 3.1(d)(ii) and in the
first paragraph of the legend in Section 3.1(d)(i) shall cease and terminate only upon the termination of this ARTICLE III with respect to the New Class A Stockholder holding such DTI Securities). 

(e) No Other Proxies or Voting Agreements. No New Class A Stockholder shall grant any proxy or enter into or agree to be bound by
any voting trust with respect to any DTI Securities or enter into any agreements or arrangements of either kind with any Person with respect to any DTI Securities, including agreements or arrangements with respect to the acquisition, disposition or
voting (if applicable) of any DTI Securities, nor shall any New Class A Stockholder act, for any reason, as a member of a group or in concert with any other Persons in connection with the acquisition, disposition or voting (if applicable) of
any DTI Securities. 
 (f) Acknowledgement. Each New Class A Stockholder acknowledges and agrees that the restrictions on
transfer of DTI Securities or any interest in DTI Securities as set forth in this ARTICLE III may adversely affect the proceeds received by such New Class A Stockholder in any sale, transfer or liquidation of any such DTI Securities, and
as a result of such restrictions on transfer, it may not be possible for such New Class A Stockholder to liquidate all or any part of such New Class A Stockholder’s interest in DTI Securities at the time of such New Class A
Stockholder’s choosing. Each New Class A Stockholder further acknowledges and agrees that none of the Company and/or the Sponsor Stockholders shall have any liability to such New Class A Stockholder arising from, relating to or in
connection with the restrictions on transfer of DTI Securities or any interest in DTI Securities as set forth in this ARTICLE III, except to the extent the Company or any Sponsor Stockholder fails to comply with its obligations to such New
Class A Stockholder pursuant to this ARTICLE III. 

  
 12 

 Section 3.2. Specified Restrictions on Transfers. No New Class A
Stockholder (including, for the avoidance of doubt, any Permitted Transferees of a New Class A Stockholder) may transfer any DTI Securities, except transfers of DTI Securities in compliance with Section 3.1 and
Section 3.4. 
 Section 3.3. Permitted Transfers. Subject to compliance with any applicable provisions
of the Organizational Documents of the Company, each New Class A Stockholder may transfer DTI Securities that are held by him, her or it to a Permitted Transferee of such New Class A Stockholder without complying with the provisions of
this ARTICLE III, other than Section 3.1; provided, that (i) such Permitted Transferee shall have executed and delivered to the Company a Joinder Agreement as contemplated in
Section 3.1(a) and ARTICLE V, or otherwise agreed with the Company, in a written instrument reasonably satisfactory to the Company, that he, she or it will immediately convey record and beneficial ownership of all
such DTI Securities, and all rights and obligations hereunder to such New Class A Stockholder or another Permitted Transferee of such New Class A Stockholder if, and immediately prior to such time that, he, she or it ceases to be a
Permitted Transferee of such New Class A Stockholder and (ii) in the case of a transfer of DTI Securities to a natural person, such natural person’s spouse executes and delivers to the Company a Joinder Agreement and a Spousal Consent
as contemplated in Section 3.1(a). 
 Section 3.4.
Black-Out Periods. 
 (a) Each of the New Class A Stockholders agrees not to
(1) offer for sale, sell, pledge, hypothecate, transfer, make any short sale of, loan, grant any option or right to purchase of or otherwise dispose of (or enter into any transaction or device that is designed to, or could be expected to,
result in the disposition by any person at any time in the future of) any DTI Securities (including DTI Securities that may be deemed to be beneficially owned by the New Class A Stockholder in accordance with the rules and regulations of the
SEC) or securities convertible into or exercisable or exchangeable for DTI Securities, (2) enter into any swap, hedging arrangement or other derivatives transaction with respect to any DTI Securities (including DTI Securities that may be deemed
to be beneficially owned by the New Class A Stockholder in accordance with the rules and regulations of the SEC) or securities convertible into or exercisable or exchangeable for DTI Securities, whether any such transaction described in clause
(1) or (2) above is to be settled by delivery of DTI Securities, in cash or otherwise or (3) publicly disclose the intention to do any of the foregoing, in the case of each of the foregoing clauses (1) through (3), during the period
beginning on the effectiveness of this Agreement and ending one hundred eighty (180) days after the Closing Date; provided that each New Class A Stockholder may transfer DTI Securities to a Permitted Transferee thereof so long as
any such Permitted Transferee, that is not a party to this Agreement executes and delivers to the Company a Joinder Agreement in accordance with Section 3.1(a) and Article V pursuant to which such Person agrees to be bound by, and comply with
the provisions of, this Agreement (including, for the avoidance of doubt, this Section 3.4). 
 (b) Notwithstanding
anything to the contrary in Section 3.4(a), if any Sponsor Stockholder is granted a discretionary release or waiver by the Company from the transfer restrictions applicable to such person pursuant to Section 2.14(a) of
the Registration Rights Agreement prior to the 181st day following the Closing Date, then each New Class A 

  
 13 

 
Stockholder shall (without duplication of any lock-up release provisions applicable to such New Class A Stockholder in the Registration Rights
Agreement or any other agreement) be entitled to transfer a number of DTI Securities equal to the product of (x) the maximum percentage (after applying the provisions of Section 6.15) of DTI Securities held by any
Sponsor Stockholder being released from Section 2.14(a) of the Registration Rights Agreement pursuant to such discretionary release or waiver multiplied by (y) the total number of DTI Securities held by such New Class A
Stockholder. In addition, a New Class A Stockholder may be released, in whole or in part, from the restrictions imposed by Section 3.4(a) with, and to the extent provided by, the written consent of the Company (which
Company consent shall require approval by the Special Committee). 
 ARTICLE IV 

ADDITIONAL AGREEMENTS 

Section 4.1. Further Assurances. From time to time, at the reasonable request of the MD Stockholders or the SLP Stockholders and
without further consideration, each New Class A Stockholder shall execute and deliver such additional documents and take all such further action as may be necessary or appropriate to consummate and make effective, in the most expeditious manner
practicable, the transactions contemplated by this Agreement. 
 Section 4.2. Confidentiality. The terms of this Agreement, any
information relating to any exercise of rights hereunder, any documents, notices or other communications provided pursuant to the terms of this Agreement, and/or any documents, statements, certificates, materials or information furnished,
disseminated or otherwise made available, including any information concerning the Company, any of its direct or indirect Subsidiaries (which for purposes of this Section 4.2 shall include VMware and its subsidiaries) or Affiliates or any of
its or their respective employees, directors or consultants, in connection therewith (“Confidential Information”), shall be confidential and no New Class A Stockholder shall disclose to any Person not a party to this Agreement
any Confidential Information without the Company’s prior written consent, except (a) to such New Class A Stockholder’s Affiliates, directors, officers, employees, advisors, agents, accountants and attorneys, in each case so long
as such Persons agree to keep such information confidential, and (b) to a Permitted Transferee pursuant to a transfer by such New Class A Stockholder in accordance with the Organizational Documents of the Company and ARTICLE III.
Notwithstanding the foregoing, no New Class A Stockholder shall disclose to any third party, in whole or in part, any Confidential Information that any of such New Class C Stockholder’s Affiliates, directors, officers, employees,
advisors, agents, accountants or attorneys received on a confidential basis from the Company or any other Person under or pursuant to this Agreement, including financial terms and financial and organizational information contained in any documents,
statements, certificates, materials or information furnished, or to be furnished, by or on behalf of the Company or any other Person in connection with the purchase or ownership of any DTI Securities; provided, however, that the
foregoing shall not be construed, now or in the future, to apply to any information obtained from sources other than the Company, any of its direct or indirect Subsidiaries or Affiliates or any of its or their employees, directors, consultants,
agents or representatives (including attorneys, accountants, financial advisors, engineers and insurance brokers) or information that is or becomes in the public domain through no fault of such New Class A Stockholder or any of his, her or its
Permitted Transferees, nor shall it be construed to prevent such New Class A 

  
 14 

 
Stockholder from making any disclosure of any information (A) if required to do so by any statute, law, treaty, rule, regulation, order, decree, writ, injunction or determination of any
court or other governmental authority, in each case applicable to or binding upon such New Class A Stockholder, or (B) pursuant to subpoena. 

Section 4.3. Cooperation with Reorganization and SEC Filings. 

(a) Mergers, Reorganizations, Etc. In the event of any merger, amalgamation, statutory share exchange or other business combination or
reorganization of the Company, on the one hand, with any of its Subsidiaries (including for this purpose VMware and its subsidiaries), on the other hand, the New Class A Stockholders shall, to the extent necessary, as determined by the approval
of the MD Stockholders and the SLP Stockholders, execute a stockholders agreement with terms that are substantially equivalent (to the extent practicable) to, mutatis mutandis, such terms of this Agreement. 

(b) Further Assurances. In connection with any proposed transaction contemplated by Section 4.3(a), each New
Class A Stockholder shall take such actions as may be required and otherwise cooperate in good faith with the Company and the Sponsor Stockholders, including approving such reorganizations, mergers or other transactions and taking all actions
requested by the Company or the MD Stockholders and the SLP Stockholders, acting jointly, and executing and delivering all agreements, instruments and documents as may be required in order to consummate any such proposed transaction contemplated by
Section 4.3(a). Without limiting the effect of any other provision of this Agreement, each of the New Class A Stockholders, by entering into this Agreement, and in consideration of the obligations hereunder agreed to
by the other parties hereto, hereby (i) agrees to the provisions of this Section 4.3 (including, without limitation, the provisions under which each share of Class A Common Stock held by such New Class A
Stockholder shall be exchanged for a newly-issued share of Class C Common Stock), and (ii) knowingly, voluntarily, and intentionally forever waives, surrenders, and agrees not to assert, whether
directly or derivatively, in an action at law or in equity, any claim that such New Class A Stockholder may now or hereafter have in connection with any conversion of shares provided for in this Section 4.3 (including,
without limitation, any claim that the shares held by such New Class A Stockholder as a result of any such conversion are not validly issued and outstanding shares); provided, however, that nothing in the foregoing clauses
(i) and (ii) of this Section 4.3(b) shall preclude any action or claim by any New Class A Stockholder to enforce the terms of this Agreement. 

ARTICLE V 
 ADDITIONAL
NEW CLASS A STOCKHOLDERS 
 Section 5.1. Additional New Class A Stockholders. 

(a) Additional New Class A Stockholders may be added as parties to, be bound by and receive the benefits afforded by, and be subject to
the obligations provided by, this Agreement upon the execution and delivery of a Joinder Agreement in the form attached hereto as Annex A by such additional New Class A Stockholder to the Company and the acceptance
thereof by the Company. No later than one (1) Business Day following such execution, the Company shall deliver to each Sponsor Stockholder a notice thereof, together with a copy of such Joinder Agreement. 

  
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 (b) To the extent permitted by Section 6.7, amendments may be
effected to this Agreement reflecting such rights and obligations, consistent with the terms of this Agreement, of such additional New Class A Stockholder as the MD Stockholders, the SLP Stockholders and such additional New Class A
Stockholder may agree. 
 ARTICLE VI 

MISCELLANEOUS 

Section 6.1. Entire Agreement. This Agreement (together with the applicable Subscription Agreement) constitutes the entire
understanding and agreement between the parties with respect to the DTI Securities owned by the New Class A Stockholders and supersedes and replaces any prior understanding, agreement or statement of intent, in each case, written or oral, of
any and every nature with respect thereto. In the event of any inconsistency between this Agreement and any document executed or delivered to effect the purposes of this Agreement, including the Organizational Documents of any Person, this Agreement
shall govern as among the parties hereto. Each of the parties hereto shall exercise all voting and other rights and powers available to it so as to give effect to the provisions of this Agreement and, if necessary, to procure (so far as it is able
to do so) any required amendment to the Company’s and/or its Subsidiaries’ Organizational Documents, in order to cure any such inconsistency. 

Section 6.2. Specific Performance. The parties hereto agree that the obligations imposed on them in this Agreement are special,
unique and of an extraordinary character, and that, in the event of breach by any party, damages would not be an adequate remedy and each of the other parties shall be entitled to specific performance and injunctive and other equitable relief in
addition to any other remedy to which it may be entitled, at law or in equity. The parties hereto further agree to waive any requirement for the securing or posting of any bond in connection with the obtaining of any such injunctive or other
equitable relief. 
 Section 6.3. Governing Law. This Agreement and all claims or causes of action (whether in tort, contract or
otherwise) that may be based upon, arise out of or relate to this Agreement or the negotiation, execution or performance of this Agreement (including any claim or cause of action based upon, arising out of or related to any representation or
warranty made in or in connection with this Agreement) shall be governed by and construed in accordance with the laws of the State of Delaware, regardless of the laws that might otherwise govern under applicable principles of conflicts of laws. 

Section 6.4. Submissions to Jurisdictions; WAIVER OF JURY TRIAL. 

(a) Each of the parties hereto hereby irrevocably acknowledges and consents that any legal action or proceeding brought with respect to this
Agreement or any of the obligations arising under or relating to this Agreement shall be brought and determined exclusively in the Court of Chancery in the State of Delaware (or, only if the Court of Chancery in the State of Delaware declines to
accept jurisdiction over a particular matter, any Federal court of the United States of America sitting in the State of Delaware), and each of the parties hereto 

  
 16 

 
hereby irrevocably submits to and accepts with regard to any such action or proceeding, for itself and in respect of its property, generally and unconditionally, the exclusive jurisdiction of the
Court of Chancery in the State of Delaware (or, only if the Court of Chancery in the State of Delaware declines to accept jurisdiction over a particular matter, any Federal court of the United States of America sitting in the State of Delaware).
Each party hereby further irrevocably waives any claim that the Court of Chancery in the State of Delaware (or, only if the Court of Chancery in the State of Delaware declines to accept jurisdiction over a particular matter, any Federal court of the
United States of America sitting in the State of Delaware) lacks jurisdiction over such party, and agrees not to plead or claim, in any legal action or proceeding with respect to this Agreement or the transactions contemplated hereby brought in the
Court of Chancery in the State of Delaware (or, only if the Court of Chancery in the State of Delaware declines to accept jurisdiction over a particular matter, any Federal court of the United States of America sitting in the State of Delaware),
that any such court lacks jurisdiction over such party. 
 (b) Each party irrevocably consents to the service of process in any legal action
or proceeding brought with respect to this Agreement or any of the obligations arising under or relating to this Agreement by the mailing of copies thereof by registered or certified mail, postage prepaid, to such party, at its address for notices
as provided in Section 6.12 of this Agreement, such service to become effective ten (10) days after such mailing. Each party hereby irrevocably waives any objection to such service of process and further irrevocably
waives and agrees not to plead or claim in any action or proceeding commenced hereunder or under any other documents contemplated hereby, that service of process was in any way invalid or ineffective. Subject to
Section 6.4(c), the foregoing shall not limit the rights of any party to serve process in any other manner permitted by applicable law. The foregoing consents to jurisdiction shall not constitute general consents to service
of process in the State of Delaware for any purpose except as provided above and shall not be deemed to confer rights on any Person other than the respective parties to this Agreement. 

(c) Each of the parties hereto hereby waives any right it may have under the laws of any jurisdiction to commence by publication any legal
action or proceeding with respect to this Agreement or any of the obligations under or relating to this Agreement. To the fullest extent permitted by applicable law, each of the parties hereto hereby irrevocably waives the objection which it may now
or hereafter have to the laying of the venue of any suit, action or proceeding with respect to this Agreement or any of the obligations arising under or relating to this Agreement in the Court of Chancery in the State of Delaware (or, only if the
Court of Chancery in the State of Delaware declines to accept jurisdiction over a particular matter, any Federal court of the United States of America sitting in the State of Delaware), and hereby further irrevocably waives and agrees not to plead
or claim that the Court of Chancery in the State of Delaware (or, only if the Court of Chancery in the State of Delaware declines to accept jurisdiction over a particular matter, any Federal court of the United States of America sitting in the State
of Delaware) is not a convenient forum for any such suit, action or proceeding. 
 (d) The parties hereto agree that any judgment obtained by
any party hereto or its successors or assigns in any action, suit or proceeding referred to above may, in the discretion of such party (or its successors or assigns), be enforced in any jurisdiction, to the extent permitted by applicable law. 

  
 17 

 (e) EACH OF THE PARTIES HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY
RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY SUIT, ACTION OR PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH OF THE PARTIES (I) CERTIFIES
THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY SUIT, ACTION OR PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER AND (II) ACKNOWLEDGES
THAT IT AND THE OTHER PARTIES HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 6.4(e). 

Section 6.5. Obligations. All obligations hereunder shall be satisfied in full without
set-off, defense or counterclaim. 
 Section 6.6. Consents, Approvals and Actions. 

(a) MD Stockholders. All actions required to be taken by, or approvals or consents of, the MD Stockholders under this Agreement shall be
taken by consent or approval by, or agreement of, MD or his permitted assignee; provided, that upon the occurrence and during the continuation of a Disabling Event, such approval or consent shall be taken by consent or approval by, or
agreement of, the holders of a majority of the Common Stock held by the MD Stockholders, and in each case, such consent, approval or agreement shall constitute the necessary action, approval or consent by the MD Stockholders. 

(b) SLP Stockholders. All actions required to be taken by, or approvals or consents of, the SLP Stockholders under this Agreement shall
be taken by consent or approval by, or agreement of, the holders of a majority of the Common Stock held by the SLP Stockholders, and in each case, such consent, approval or agreement shall constitute the necessary action, approval or consent by the
SLP Stockholders. 
 Section 6.7. Amendment; Waiver. 

(a) Except as set forth below, any amendment or modification of any provision of this Agreement shall require the prior written approval of the
Company; provided, (i) that if any such amendment or modification adversely affect the MD Stockholders, it shall require the prior written consent of the holders of a majority of the DTI Securities held by the MD Stockholders in the
aggregate, (ii) that if any such amendment or modification adversely affect the SLP Stockholders, it shall require the prior written consent of the holders of a majority of the DTI Securities held by the SLP Stockholders in the aggregate and
(iii) that if the express terms of any such amendment or modification disproportionately and materially adversely affect one or more New Class A Stockholders relative to the Sponsor Stockholders or any other New Class A Stockholder,
it shall require the prior written consent of the holders of a majority of the DTI Securities held by such affected New Class A Stockholders in the aggregate. Notwithstanding the foregoing, (i) the foregoing proviso shall not apply with
respect to, in the 

  
 18 

 
case of New Class A Stockholders, amendments or modifications that do not apply to New Class A Stockholders, (ii) any addition of a transferee of DTI Securities or a recipient of
DTI Securities as a party hereto pursuant to ARTICLE V shall not constitute an amendment or modification hereto and the applicable Joinder Agreement need be signed only by the Company and such transferee or recipient and (iii) the
Company shall promptly amend the books and records of the Company appropriately as and to the extent necessary to reflect the removal or addition of a New Class A Stockholder, any changes in the amount and/or type of DTI Securities beneficially
owned by each New Class A Stockholder and/or the addition of a transferee of DTI Securities or a recipient of any DTI Securities, in each case, pursuant to and in accordance with the terms of this Agreement. 

(b) Any failure by the Company or a Sponsor Stockholder at any time to enforce any of the provisions of this Agreement shall not be construed a
waiver of such provision or any other provisions hereof. The waiver by the Company or a Sponsor Stockholder of a breach of any provision of this Agreement shall not operate or be construed as a further or continuing waiver of such breach or as a
waiver of any other or subsequent breach. Except as otherwise expressly provided herein, no failure on the part of the Company or a Sponsor Stockholder to exercise, and no delay in exercising, any right, power or remedy hereunder, or otherwise
available in respect hereof at law or in equity, shall operate as a waiver thereof, nor shall any single or partial exercise of such right, power or remedy by the Company or a Sponsor Stockholder preclude any other or further exercise thereof or the
exercise of any other right, power or remedy. 
 Section 6.8. Assignment of Rights By New Class A
Stockholders. No New Class A Stockholder may assign or transfer its rights under this Agreement except with the prior consent of the MD Stockholders and the SLP Stockholders. Any purported assignment of rights or obligations under this
Agreement in derogation of this Section 6.8 shall be null and void. 
 Section 6.9. Binding Effect.
Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of, and be binding upon, the parties’ successors and permitted assigns. 

Section 6.10. Third Party Beneficiaries. Except for Section 6.13 (which will be for the benefit of the
Persons set forth therein, and any such Person will have the rights provided for therein), this Agreement does not create any rights, claims or benefits inuring to any Person that is not a party hereto, and it does not create or establish any third
party beneficiary hereto. 
 Section 6.11. Termination. This Agreement shall terminate only (i) by written consent of the
MD Stockholders (for so long as the MD Stockholders own DTI Securities), the SLP Stockholders (for so long as the SLP Stockholders own DTI Securities) and the holders of a majority of the DTI Securities held by all of the New Class A
Stockholders or (ii) upon the dissolution or liquidation of the Company. 
 Section 6.12. Notices. Any and all notices,
designations, offers, acceptances or other communications provided for herein shall be deemed to be sufficient if contained in a written instrument delivered in person or sent by facsimile (with written confirmation of transmission), e-mail (with written confirmation of transmission) or nationally-recognized overnight courier, which shall be addressed: 

  
 19 

 (a) in the case of the Company, to its principal office to the attention of its General
Counsel, with a copy (which shall not constitute actual or constructive notice) to: 
 Hogan Lovells US LLP 

Columbia Square 
 555 Thirteenth
Street, NW 
 Washington, DC 20004 

Attention: Richard J. Parrino 

                 Kevin K. Greenslade 

Facsimile: (202) 637-5910 

Email: richard.parrino@hoganlovells.com 

Email: kevin.greenslade@hoganlovells.com 

(b) in the case of the Stockholders identified below, to the following respective addresses, e-mail
addresses or facsimile numbers: 
 If to any of the SLP Stockholders, to: 

c/o Silver Lake Partners 
 2775
Sand Hill Road 
 Suite 100 

Menlo Park, CA 94025 

Attention: Karen King 

Facsimile: (650) 233-8125 

E-mail: karen.king@silverlake.com 

and 
 c/o Silver Lake Partners

 9 West 57th Street 
 32nd
Floor 
 New York, NY 10019 

Attention: Andrew J. Schader 

Facsimile: (212) 981-3535 

E-mail: andy.schader@silverlake.com 

  
 20 

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

Simpson Thacher & Bartlett LLP 

2475 Hanover Street 
 Palo Alto,
CA 94304 
 Attention: Rich Capelouto 

                 Daniel N. Webb 

Facsimile: (650) 251-5002 

Email: rcapelouto@stblaw.com 

Email: dwebb@stblaw.com 
 If to
any of the MD Stockholders, to: 
 Michael S. Dell 

c/o Dell Inc. 
 One Dell Way

 Round Rock, TX 78682 

Facsimile: (512) 283-1469 

Email: michael@dell.com 
 with
a copy (which shall not constitute actual or constructive notice) to: 
 Wachtell, Lipton, Rosen & Katz 

51 West 52nd Street 
 New York,
NY 10019 
 Attention: Steven A. Rosenblum 

                 Michael J. Segal 

                 Andrew J. Nussbaum 

                 Gordon S. Moodie 

Facsimile: (212) 403-2000 

Email: sarosenblum@wlrk.com 

Email: msegal@wlrk.com 
 Email:
ajnussbaum@wlrk.com 
 Email: gsmoodie@wlrk.com 

and 
 MSD Capital, L.P. 

645 Fifth Avenue 
 21st Floor

 New York, NY 10022-5910 

Attention: Marc R. Lisker 

                 Marcello Liguori 

Facsimile: (212) 303-1772 

Email: mlisker@msdcapital.com 

Email: mliguori@msdcapital.com 

  
 21 

 (c) If to any New Class A Stockholder, to the address,
e-mail address or facsimile number appearing in the books and records of the Company or its Subsidiaries on the signature pages hereto and/or Joinder Agreement (if applicable) of such New Class A
Stockholder. 
 Any and all notices, designations, offers, acceptances or other communications shall be conclusively deemed to have been given, delivered or
received (i) in the case of personal delivery, on the day of actual delivery thereof, (ii) in the case of facsimile or e-mail, on the day of transmittal thereof if given during the normal business
hours of the recipient, and on the Business Day during which such normal business hours next occur if not given during such hours on any day and (iii) in the case of dispatch by nationally-recognized
overnight courier, on the next Business Day following the disposition with such nationally-recognized overnight courier. By notice complying with the foregoing provisions of this
Section 6.12, each party shall have the right to change its mailing address, e-mail address or facsimile number for the notices and communications to such party. The Stockholders
hereby consent to the delivery of any and all notices, designations, offers, acceptances or other communications provided for herein by Electronic Transmission addressed to the email address or facsimile number of such Stockholder as provided
herein. 
 Section 6.13. No Third Party Liability. This Agreement may only be enforced against the named parties hereto. All
claims or causes of action (whether in contract or tort) that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement (including any representation or warranty made in or in
connection with this Agreement or as an inducement to enter into this Agreement), may be made only against the entities that are expressly identified as parties hereto; and no past, present or future director, officer, employee, incorporator,
member, partner, stockholder, Affiliate, portfolio company in which any such party or any of its investment fund Affiliates have made a debt or equity investment (and vice versa), agent, attorney or representative of any party hereto (including any
Person negotiating or executing this Agreement on behalf of a party hereto), unless party to this Agreement, shall have any liability or obligation with respect to this Agreement or with respect any claim or cause of action (whether in contract or
tort) that may arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement (including a representation or warranty made in or in connection with this Agreement or as an inducement to enter into this
Agreement). 
 Section 6.14. No Partnership. Nothing in this Agreement and no actions taken by the parties under this Agreement
shall constitute a partnership, association or other co-operative entity between any of the parties or cause any party to be deemed the agent of any other party for any purpose. 

Section 6.15. Aggregation; Beneficial Ownership. All DTI Securities held or acquired by any Sponsor Stockholder and its Affiliates
and Permitted Transferees shall be aggregated together for the purpose of determining the availability of any rights under and application of any limitations under this Agreement, and each such Sponsor Stockholder and its Affiliates may apportion
such rights as among themselves in any manner they deem appropriate. Without limiting the generality of the foregoing: 

  
 22 

 (a) for the purposes of calculating the beneficial ownership of the MD Stockholders, all of
the MD Stockholders’ Common Stock, the MSD Partners Stockholders’ Common Stock, all of their respective Affiliates’ Common Stock and all of their respective Permitted Transferees’ Common Stock (including in each case Common Stock
issuable upon exercise, delivery or vesting of incentive equity awards) shall be included as being owned by the MD Stockholders and as being outstanding; and 

(b) for the purposes of calculating the beneficial ownership of any other Stockholder, all of such Stockholder’s Common Stock, all of its
Affiliates’ Common Stock and all of its Permitted Transferees’ Common Stock shall be included as being owned by such Stockholder and as being outstanding. 

Section 6.16. Severability. If any portion of this Agreement shall be declared void or unenforceable by any court or
administrative body of competent jurisdiction, such portion shall be deemed severable from the remainder of this Agreement, which shall continue in all respects to be valid and enforceable. 

Section 6.17. Counterparts. This Agreement may be executed in any number of counterparts (which delivery may be via facsimile
transmission or e-mail if in .pdf format), each of which shall be deemed an original, but all of which together shall constitute a single instrument. 

Section 6.18. Effectiveness. This Agreement shall become effective on December 25, 2018 upon execution of this Agreement by
the Company and each of the Sponsor Stockholders. In the event that this Agreement does not become effective, the Original Agreement shall continue in full force and effect without amendment or restatement. 

  
 23 

 IN WITNESS WHEREOF, each of the undersigned has executed this Second Amended and Restated
Class A Stockholders Agreement or caused this Second Amended and Restated Class A Stockholders Agreement to be signed by its officer thereunto duly authorized as of the date first written above. 

 

					
	 COMPANY:
  

DELL TECHNOLOGIES INC.

		
	By:	 	 /s/ Janet M. Bawcom

		 	Name:	 	Janet M. Bawcom
		 	Title:	 	 Senior Vice President and
 Assistant
Secretary

 
	
	MD STOCKHOLDER:
	
	 /s/ Michael S. Dell

	MICHAEL S. DELL

 
					
	 MD STOCKHOLDER:
  

SUSAN LIEBERMAN DELL SEPARATE
 PROPERTY TRUST

		
	By:	 	 /s/ Marc R. Lisker

		 	Name:	 	Marc R. Lisker
		 	Title:	 	President, Hexagon Trust Company

 
					
	 SLP STOCKHOLDERS:
  

SILVER LAKE PARTNERS III, L.P.
  

By: Silver Lake Technology Associates III, L.P.,

      its general partner
  

By: SLTA III (GP), L.L.C., its general partner
  

By: Silver Lake Group, L.L.C., its managing member

		
	By:	 	 /s/ Egon Durban

		 	Name:	 	Egon Durban
		 	Title:	 	Managing Director
	
	 SILVER LAKE PARTNERS IV, L.P.
  

By: Silver Lake Technology Associates IV, L.P.,

       its general partner
  

By: SLTA IV (GP), L.L.C., its general partner
  

By: Silver Lake Group, L.L.C., its managing member

		
	By:	 	 /s/ Egon Durban

		 	Name:	 	Egon Durban
		 	Title:	 	Managing Director
	
	 SILVER LAKE TECHNOLOGY INVESTORS III, L.P.
  

By: Silver Lake Technology Associates III, L.P.,

   its general partner
  

By: SLTA III (GP), L.L.C., its general partner
  

By: Silver Lake Group, L.L.C., its managing member

		
	By:	 	 /s/ Egon Durban

		 	Name:	 	Egon Durban
		 	Title:	 	Managing Director

 
					
	 SILVER LAKE TECHNOLOGY INVESTORS IV, L.P.
  

By: Silver Lake Technology Associates IV, L.P.,

       its general partner
  

By: SLTA IV (GP), L.L.C., its general partner
  

By: Silver Lake Group, L.L.C., its managing member

		
	By:	 	 /s/ Egon Durban

		 	Name:	 	Egon Durban
		 	Title:	 	Managing Director
	
	 SLP DENALI CO-INVEST, L.P.

 
 By: SLP Denali Co-Invest GP, L.L.C.,

       its general partner
  

By: Silver Lake Technology Associates III, L.P., its managing member
  

By: SLTA III (GP), L.L.C., its general partner
  

By: Silver Lake Group, L.L.C., its managing member

		
	By:	 	 /s/ Egon Durban

		 	Name:	 	Egon Durban
		 	Title:	 	Managing Director

 Annex A 

FORM OF JOINDER AGREEMENT 

The undersigned is executing and delivering this Joinder Agreement pursuant to that certain Second Amended and Restated Class A
Stockholders Agreement, dated as of December 25, 2018 (as amended, restated, supplemented or otherwise modified in accordance with the terms thereof, the “Class A Stockholders Agreement”) by and among
Dell Technologies Inc., Michael S. Dell, Susan Lieberman Dell Separate Property Trust, Silver Lake Partners III, L.P., Silver Lake Technology Investors III, L.P., Silver Lake Partners IV, L.P., Silver Lake Technology Investors IV, L.P., SLP Denali Co-Invest, L.P., the New Class A Stockholders named therein and any other Persons who become a party thereto in accordance with the terms thereof. Capitalized terms used but not defined in this Joinder
Agreement shall have the respective meanings ascribed to such terms in the Class A Stockholders Agreement. 
 By executing and
delivering this Joinder Agreement to the Class A Stockholders Agreement, the undersigned hereby adopts and approves the Class A Stockholders Agreement and agrees, effective commencing on the date hereof and as a condition to the
undersigned’s becoming the transferee of DTI Securities, to become a party as a New Class A Stockholder to, and to be bound by and comply with the provisions of, the Class A Stockholders Agreement applicable to a New Class A
Stockholder in the same manner as if the undersigned were an original signatory to the Class A Stockholders Agreement. 
 [The
undersigned hereby represents and warrants that, pursuant to this Joinder Agreement and the Class A Stockholders Agreement, it is a Permitted Transferee of [•] and will be the lawful record owner of [•] shares of [Insert
description of series / type of Security] of the Company as of the date hereof. The undersigned hereby covenants and agrees that it will take all such actions as required of a Permitted Transferee as set forth in the Class A
Stockholders Agreement, including but not limited to conveying its record and beneficial ownership of any DTI Securities and all rights, title and obligations thereunder back to the initial transferor Stockholder or to another Permitted Transferee
of the original transferor Stockholder, as the case may be, immediately prior to such time that the undersigned no longer meets the qualifications of a Permitted Transferee as set forth in the Class A Stockholders Agreement.]1 
 The undersigned acknowledges and agrees that Section 6.2
through Section 6.4 of the Class A Stockholders Agreement are incorporated herein by reference, mutatis mutandis. 

[Remainder of page intentionally left blank] 

 

	1 	 [To be included for transfers of DTI Securities to Permitted Transferees] 

 Accordingly, the undersigned has executed and delivered this Joinder Agreement as of the
     day of             ,         . 
  

			
	
	  

	Signature
	
	  

	Print Name
		
	Address:	 	  

	
	  

	
	  

	Telephone:	 	  

	Facsimile:	 	  

	Email:	 	  

 AGREED AND ACCEPTED 

As of the      day of             ,
        . 
  

			
	DELL TECHNOLOGIES INC.
		
	By:	 	  

		 	Name:
		 	Title:

 Annex B 

FORM OF 
 SPOUSAL CONSENT

 In consideration of the execution of that certain Second Amended and Restated Class A Stockholders Agreement, dated as of
December 25, 2018 (as amended, restated, supplemented or otherwise modified in accordance with the terms thereof, the “Class A Stockholders Agreement”) by and among Dell Technologies Inc., Michael S.
Dell, Susan Lieberman Dell Separate Property Trust, Silver Lake Partners III, L.P., Silver Lake Technology Investors III, L.P., Silver Lake Partners IV, L.P., Silver Lake Technology Investors IV, L.P., SLP Denali
Co-Invest, L.P., the Class A Stockholders named therein and any other Persons who become a party thereto in accordance with the terms thereof, I,
                    , the spouse of
                    , who is a party to the Class A Stockholders Agreement, do hereby join with my spouse in executing the foregoing
Class A Stockholders Agreement and do hereby agree to be bound by all of the terms and provisions thereof, in consideration of the issuance, acquisition or receipt of DTI Securities and all other interests I may have in the shares and
securities subject thereto, whether the interest may be pursuant to community property laws or similar laws relating to marital property in effect in the state or province of my or our residence as of the date of signing this consent. Capitalized
terms used but not defined herein shall have the meaning ascribed to such terms in the Class A Stockholders Agreement. 
  

					
	Dated as of             ,         	 		 	  

		 		 	(Signature of Spouse)
			
		 		 	  

		 		 	(Print Name of Spouse)

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