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  EXHIBIT 4.11    
    

 
    FIRST SUPPLEMENTAL INDENTURE    
    
    dated as of March 28, 2013    
    
    among    
    
    FLEXTRONICS INTERNATIONAL LTD.    

    The Guarantor Party Hereto    
    
    and    
    
    U.S. Bank National Association,    
    as Trustee    

  

4.625%
Notes due 2020 

5.000%
Notes due 2023 

        THIS
FIRST SUPPLEMENTAL INDENTURE (this "Supplemental Indenture"), entered into as of March 28, 2013, among Flextronics
International Ltd., a Singapore company (the "Company"), Flextronics Telecom Systems Ltd, a private limited company formed under the laws
of the Republic of Mauritius (the "Subsidiary Guarantor"), and U.S. Bank National Association, as trustee (the
"Trustee"). 

 
 

  RECITALS    
    

        WHEREAS, the Company, the Guarantors party thereto and the Trustee entered into the Indenture, dated as of February 20, 2013
(the "Indenture"), relating to the Company's 4.625% Notes due 2020 and 5.000% Notes due 2023 (the
"Notes"); and 

        WHEREAS,
as a condition to the Trustee entering into the Indenture and the purchase of the Notes by the Holders, the Company agreed pursuant to the Indenture to cause Subsidiaries to
provide Guaranties in certain circumstances. 

 
 

  AGREEMENT    
    

        NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and intending to be legally bound, the parties
to this Supplemental Indenture hereby agree as follows: 

        Section 1.    Capitalized
terms used herein and not otherwise defined herein are used as defined in the Indenture. 

        Section 2.    The
Subsidiary Guarantor, by its execution of this Supplemental Indenture, agrees to be a Guarantor under the Indenture and to be bound by the terms of the
Indenture applicable to Guarantors, including, but not limited to, Article 10 thereof. 

        Section 3.    This
Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York. 

        Section 4.    This
Supplemental Indenture may be signed in various counterparts which together will constitute one and the same instrument. 

        Section 5.    This
Supplemental Indenture is an amendment supplemental to the Indenture and the Indenture and this Supplemental Indenture will henceforth be read
together. 

        Section 6.    The
Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture, the
Subsidiary Guarantee or for or in respect of the recitals contained herein, all of which recitals are made by each Subsidiary Guarantor and the Company. 

[Remainder
of page intentionally left blank] 

        IN
WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first above written. 

 

							
	 	 	 FLEXTRONICS INTERNATIONAL LTD.,

as Issuer
	

 	
 	
  By:	
 	
/s/ Manny Marimuthu

 
	 	 	 	 	Name:	 	Manny Marimuthu
	 	 	 	 	Title:	 	Authorized Signatory
	

 	
 	
 FLEXTRONICS TELECOM SYSTEMS LTD,

as Guarantor
	

 	
 	
  By:	
 	
/s/ Manny Marimuthu

 
	 	 	 	 	Name:	 	Manny Marimuthu
	 	 	 	 	Title:	 	Director
	

 	
 	
 U.S. BANK NATIONAL ASSOCIATION,

as Trustee
	

 	
 	
  By:	
 	
/s/ Paula Oswald

 
	 	 	 	 	Name:	 	Paula Oswald
	 	 	 	 	Title:	 	Vice President

 

 [Signature Page to First Supplemental Indenture of Flextronics International Ltd. 2013 Indenture] 

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EXHIBIT 4.11

FIRST SUPPLEMENTAL INDENTURE dated as of March 28, 2013 among FLEXTRONICS INTERNATIONAL LTD. The Guarantor Party Hereto and U.S. Bank National Association, as Trustee

RECITALS

AGREEMENTQuickLinks
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  EXHIBIT 10.24    
    

 Annual Incentive Bonus Plan for Fiscal 2014  

        On May 21, 2013, the Board approved the Company's annual incentive bonus plan for fiscal 2014. The plan provides its executive
officers with the opportunity to earn cash bonuses based upon the achievement of pre-established performance goals. Total bonus opportunities will be based on achievement of annual
targets. The plan provides for 50% of the payout based on the achievement of quarterly targets and 50% of the payout based on the achievement of annual targets. Performance goals under the plan will
be: revenue growth, earnings per share, operating profit (as a percentage of sales), and return on invested capital targets at the Company level; and revenue growth, operating profit (as a percentage
of sales), profit after interest (as a percentage of sales), inventory turnover and other business-specific business unit targets at the business unit level for certain executives. The plan allows
awards to provide for different metrics, target levels and weightings for different executives. 

        Under
the annual incentive bonus plan, target award opportunities are set at various percentages of base salary, which will be: 150% of base salary in the case of the Chief Executive
Officer; 100% of base salary in the case of the Chief Financial Officer; and between 80% and 110% of base salary in the cases of other officers. Actual payout opportunities for each bonus component
will range from a threshold of 50% of target to a maximum of 200% of target for quarterly payouts and of 300% of target based on achievement of the annual performance measures. If the Company or
business unit fails to achieve the threshold level for any performance measure, no payout is awarded for that measure. For purposes of determining achievement of award opportunities, the incentive
bonus plan uses adjusted, non-GAAP measures. 

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  EXHIBIT 10.27    
    

  

March 5,
2013 

Francois
Barbier

12608 Via Ventana Way

Los Altos Hill, CA 94022 

Francois: 

        This
addendum shall apply to the extension of your International Relocation program benefits from July 1, 2013 to June 30, 2016. This addendum also confirms our mutual
understanding that the terms and conditions stipulated below will continue to apply during this extension.  

	•
	Host Country
Housing:  Flextronics will provide you with reasonable leased housing, not to exceed up to US$6,000 monthly
including utilities (gas, electricity, water, management fees, handling fees, government fees but not to include personal telephone expenses). These expenses will be paid directly by our Relocation
Provider to the housing provider and will be grossed up for applicable taxes.   

	•
	Home
Leave:  You will be entitled to one (1) business class return airfare per year, for you and your eligible family
members from the US to France. This benefit will be grossed up for applicable taxes.   

	•
	Auto
Allowance:  You will be provided an auto allowance of US$1,200 monthly, grossed up for applicable taxes.  

	•
	Tax
Consultation/Preparation:  You will be provided with home country exit and host country entrance consultation which would
include tax preparation services for your home and host country tax returns as needed, prepared by PricewaterhouseCoopers (PwC). It is your responsibility to provide all relevant information on a
timely basis, to adhere to all applicable tax regulations, and to file appropriate tax returns in a timely manner. PwC will assist you in filing any forms necessary in order to take full advantage of
favorable tax treatment. You will be personally responsible for payment of all individual income taxes in the home or host country.   

	•
	Taxes and Social Security
Coverage:  Flextronics will pay for the French Annual Voluntary Social Security and Pension contribution on your behalf
and all taxes related to this benefit will be paid on your behalf. 

        During
your extension, you will remain an employee of Flextronics International USA, Inc. 

        If
the terms are acceptable to you, please sign and return the attached copy of the letter. 

Sincerely,

/s/
Tom Ezrin 

Tom
Ezrin

SVP, Global Total Rewards and Corporate Sustainability 

I,
Francois Barbier, do hereby agree and accept the above mentioned terms and conditions of employment. 

 

			
	/s/ Francois Barbier

  Francois Barbier, Acknowledgement	 	March 6th, 2013

  Date

 

  

 

			
	Original to:	 	Employee

Global Mobility
	
 Copy to:	
 	
Manager

HR Home Country

HR Host Country

PWC

 

 6201
America Center Drive San Jose, CA 95002 -- Direct: 408 576 7000 -- www.flextronics.com 

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  EXHIBIT 10.35    
    

Compensation
Arrangements of Certain Executive Officers of Flextronics International Ltd. 

        Note:
The following summary of compensation arrangements does not include all previously-reported compensation arrangements or awards granted under previously-disclosed incentive plans.
Disclosures with respect to compensation for Named Executive Officers for the 2013 fiscal year are included in the Company's definitive proxy statement for the Company's 2013 Annual General Meeting of
Shareholders, and disclosures with respect to compensation for Named Executive Officers for the 2014 fiscal year will be included in the Company's definitive proxy statement for the Company's 2014
Annual General Meeting of Shareholders. 

Compensation
for Michael McNamara (Chief Executive Officer) 

        Mr. McNamara's
current annual base salary is $1,250,000. In addition, Mr. McNamara will be eligible to participate in the Company's annual incentive bonus plan and
long-term cash incentive deferred compensation plan. Mr. McNamara also received awards of performance-based restricted share unit awards and service-based restricted share unit
awards under the Company's equity incentive plan as part of his fiscal 2014 compensation. Vesting of the performance-based award will depend on the Company achieving levels of total shareholder return
relative to the average of the Standard & Poor's 500 Index total shareholder return and selective Electronic Manufacturing Services companies. 

Compensation
for Chris Collier (Chief Financial Officer) 

        Mr. Collier's
current annual base salary is $550,000. In addition, Mr. Collier will be eligible to participate in the Company's annual incentive bonus plan and the
long-term cash incentive deferred compensation program. Mr. Collier also received awards of performance-based restricted share unit awards and service-based restricted share unit
awards under the Company's equity incentive plan as part of his fiscal 2014 compensation. Vesting of the performance-based award will depend on the Company achieving levels of total shareholder return
relative to the average of the Standard & Poor's 500 Index total shareholder return and selective Electronic Manufacturing Services companies. 

Compensation
for Francois Barbier 

        Mr. Barbier's
current annual base salary is $625,000. In addition, Mr. Barbier will be eligible to participate in the Company's annual incentive bonus plan and
long-term cash incentive deferred compensation plan. Mr. Barbier also received awards of performance-based restricted share unit awards and service-based restricted share unit
awards under the Company's equity incentive plan as part of his fiscal 2014 compensation. Vesting of the performance-based award will depend on the Company achieving levels of total shareholder return
relative to the average of the Standard & Poor's 500 Index total shareholder return and selective Electronic Manufacturing Services companies. 

Compensation
for Jonathan Hoak 

        Mr. Hoak's
current annual base salary is $500,000. In addition, Mr. Hoak will be eligible to participate in the Company's annual incentive bonus plan and
long-term cash incentive deferred compensation plan. Mr. Hoak also received awards of performance-based restricted share unit awards and service-based restricted share unit awards
under the Company's equity incentive plan as part of his fiscal 2014 compensation. Vesting of the performance-based award will depend on the Company achieving levels of total shareholder return
relative to the average of the Standard & Poor's 500 Index total shareholder return and selective Electronic Manufacturing Services companies. 

Compensation
for Paul Humphries 

        Mr. Humphries's
current annual base salary is $625,000. In addition, Mr. Humphries will be eligible to participate in the Company's annual incentive bonus plan and
long-term cash incentive deferred compensation plan. Mr. Humphries also received awards of performance-based restricted 

share
unit awards and service-based restricted share unit awards under the Company's equity incentive plan as part of his fiscal 2014 compensation. Vesting of the performance-based award will depend
on the Company achieving levels of total shareholder return relative to the average of the Standard & Poor's 500 Index total shareholder return and selective Electronic Manufacturing Services
companies. 

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EXHIBIT 10.35

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