Document:

EX-10.1

 Exhibit 10.1 

SEPARATION AGREEMENT AND RELEASE 

This Separation Agreement and Release (“Agreement”) sets forth the mutual agreement of SecureWorks Corp., a Delaware corporation,
for itself, its subsidiaries, parents (including Dell Technologies Inc. (“Dell”)) and related entities (collectively, “SecureWorks”) and Mike Cote (“Executive”) regarding the subject matters addressed below. 

1. Separation Date. Executive’s employment with SecureWorks will terminate on September 3, 2021, or such earlier date
as provided in this Agreement (the “Separation Date”). Executive currently serves as SecureWorks Corp.’s Chief Executive Officer and as a member of SecureWorks Corp.’s Board of Directors (the “Board”). Executive will
continue in the Chief Executive Officer role until the new Chief Executive Officer is appointed, and thereafter in such other capacity as may be specified by the Board, through the Separation Date. During this period, Executive will continue to
report to the Board, or to the new Chief Executive Officer after appointed, and will have such duties and responsibilities as the Board may designate from time to time. Executive will receive continued compensation and benefits consistent with
current levels and will continue to participate in and to be entitled to all other compensation, benefits and perquisites under the plans, programs, agreements and policies applicable to Executive as a SecureWorks employee, through Executive’s
Separation Date. Except as otherwise provided in paragraph 3 with respect to the Consultancy, effective as of the Separation Date, Executive resigns from and will cease to serve in any and all positions held with any SecureWorks entity or related to
his service as a SecureWorks employee or Board member; provided that, Executive’s removal from any such position, including without limitation termination of his service as a member of the Board, may be effective as of such earlier date as may
be provided in a separate notice of resignation or action duly taken by the Board. 
 2. Continued Employment. During the
period of Executive’s continued employment through the Separation Date, Executive will act in good faith and in a professional manner and abide by the non-disparagement provision set forth in paragraph
14. Nothing in this Agreement confers upon Executive a right to be a continuing employee of SecureWorks, or imposes on SecureWorks an obligation to continue Executive’s employment. 

 

	 	a.	 Violation of Terms. If Executive materially violates any of the terms of this Agreement, or any other
agreement between Executive and SecureWorks, or SecureWorks’ Code of Conduct or any other SecureWorks’ written policy generally applicable to employees of Executive’s level and position, SecureWorks may terminate Executive’s
employment (or, if applicable, the Consultancy described in paragraph 3) after giving Executive written notice and, if the violation is curable, Executive has failed to cure the violation, having had a reasonable opportunity to do so.

  

	 	b.	 Early Termination. If (i) Executive’s employment is terminated by SecureWorks before
September 3, 2021, for one of the reasons described in paragraph 2.a., or (ii) Executive voluntarily leaves employment before September 3, 2021, in either such event, the Separation Date will be the effective date of such termination
or resignation, and Executive will not be eligible to receive any, and will forfeit all, severance benefits described in this Agreement. In such event, Executive’s rights, if any, to any benefit under SecureWorks’ health and welfare or
retirement plans, or to any equity grants, will be governed by the applicable plan, program, policy or equity agreement. If Executive’s employment is terminated by SecureWorks before September 3, 2021 other than for one of the reasons
described in paragraph 2.a., Executive shall be entitled to all of the severance benefits described in this Agreement, subject to compliance with Paragraph 5. 

 3. Consultancy. Subject to Executive’s continued compliance with the
terms described in paragraph 2.a., SecureWorks agrees to engage Executive as a consultant under the terms described in this paragraph (the “Consultancy”) for the period from the Separation Date through October 2, 2022, or earlier
applicable termination date (the “Consultancy Period”). 
  

	 	a.	 Consulting Services. During the Consultancy Period, Executive (for purposes of this paragraph, referred
to as the “Consultant”) will be available to perform such services from time to time as may be reasonably requested by SecureWorks’ Board (or its designee). The parties anticipate that Consultant will not be called upon to provide
Consultancy services exceeding twenty percent (20%) of normal full-time service. The Consultant will be responsible for providing all items necessary for completion of the consulting services, including without limitation any home office expenses
and local travel. With respect to services rendered by Executive during the Consultancy Period, Executive shall continue to be entitled to defense, indemnification and contribution from SecureWorks, and to coverage under applicable D&O insurance
policies to the extent permitted by such policies, on the same basis applicable to him while serving as the Chief Executive Officer. 

  

	 	b.	 Compensation. In consideration of the Consultant’s performance of services as described in this
paragraph 3, the Consultant will be paid a fee totaling $200,000.00, such amount to be paid in four (4) equal installments of $50,000.00 each, on or about the last day December 2021 and the last day each of March, June and September of 2022,
during the Consultancy Period. In addition, if the Consultant incurs out of pocket expenses (other than expenses of the types described in paragraph 3.a. which are the sole responsibility of the Consultant) in connection with performance of services
hereunder at SecureWorks’ request and with the pre-approval of the company’s Chief Executive Officer or Chief Financial Officer, such as expenses for out-of-town travel, SecureWorks will reimburse the Consultant for all such reasonable expenses. The Consultant will be responsible for payment and reporting of any and all taxes, federal, state and local,
incurred in connection with the Consultancy and the compensation paid to him for consulting services, and hereby relieves SecureWorks of and from any responsibility or liability therefor. 

 

	 	c.	 Term. The Consultancy Period will end October 2, 2022, unless terminated earlier (i) by the
Consultant (or upon the Consultant’s death), (ii) by mutual agreement of SecureWorks and the Consultant, or (iii) by SecureWorks in the event of the Consultant’s failure to comply with the requirements of paragraph 2.a. If the
Consultancy Period is terminated by SecureWorks other than as provided in clause (iii) of this paragraph 3.c., Executive shall continue to receive the compensation described in paragraph 3.b. as if no such termination had occurred.

  

	 	d.	 Independent Contractor. The Consultant will perform services during the Consultancy as an independent
contractor and, notwithstanding anything to the contrary herein, Executive’s status as a common law employee will end at the Separation Date. The Consultant will be entitled to no rights or privileges of employment during the Consultancy
Period, including without limitation participation in employee benefit, retirement, compensation, leave, vacation or similar plans, programs or arrangements, and compensation paid for the Consultancy will not be considered salary for purposes of any
such plan or arrangement, except as is specifically provided in SecureWorks’ plans and agreements applicable to Executive as a former employee. 

  
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	 	e.	 Confidentiality and Return of Documents. In connection with providing the consulting services, the
Consultant may have or be provided access to private, propriety and/or confidential information and documents relating to SecureWorks and its business interests (“Company Information”). The Consultant agrees to maintain all Company
Information in strictest confidence, and to use such Company Information solely for the purpose of carrying out the consulting services. All Company Information shall be and remain the property of SecureWorks, and the Consultant shall promptly
return the Company Information to SecureWorks at the end of the Consultancy, or earlier upon SecureWorks’ request. 

4. Consideration from SecureWorks. If Executive signs this Agreement and does not revoke it during the Revocation Period
(defined in paragraph 21), and signs and does not revoke the final release described in paragraph 5(b), except as otherwise provided in paragraph 2, SecureWorks will provide Executive with the following good and valuable consideration:

  

	 	a.	 Severance Pay. If SecureWorks receives an Effective Final Release from Executive, SecureWorks will pay
severance pay (“Severance Pay”) to Executive in the amount of $500,000.00 (less all applicable withholdings), payable after the Separation Date in four (4) substantially equal installments, as follows: 

 

	 	i.	 $125,000.00 (less applicable withholding), on or about December 31, 2021; 

 

	 	ii.	 $125,000.00 (less applicable withholding), on or about March 31, 2022; 

 

	 	iii.	 $125,000.00 (less applicable withholding), on or about June 30, 2022; and 

 

	 	iv.	 $125,000.00 (less applicable withholding), on or about September 30, 2022. 

 

	 	b.	 Short-Term Incentive Plan. If SecureWorks receives an Effective
Final Release from Executive, SecureWorks will pay additional severance pay to Executive based on a prorated short-term incentive plan award payout, in the amount of $220,467.00 payable in a single lump-sum payment (less all applicable withholdings), through direct deposit (if available) within thirty (30) business days after the Separation Date. 

 

	 	c.	 Long-Term Incentive Plan. Executive’s outstanding grants under the SecureWorks Corp. 2016
Long-Term Incentive Plan (the “LTIP”) will be treated as follows. 

  

	 	i.	 Restricted Shares. Under the terms of the LTIP and relevant award agreements, any restricted
shares of the Class A common stock of SecureWorks Corp., both time-based and performance-based, that remain by their terms unvested at the Separation Date, will continue to vest through the Consultancy Period. In addition,
Executive’s service as a consultant shall be treated as “Service” for purposes of determining his “Earned Shares” eligible for vesting, as such terms are defined under the LTIP and relevant award agreements. If the
Consultancy Period is terminated by SecureWorks other than as provided in clause (iii) of paragraph 3.c., Executive’s time-based and performance-based restricted shares that remain by their terms unvested at the date of such termination,
shall continue to vest and Executive shall be treated as having continued in Service for purposes of determining his Earned Shares eligible for vesting, during the remainder of the Consulting Period determined as if such early termination by
SecureWorks had not occurred. 

  
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	 	ii.	 Stock Options. Under the terms of the LTIP and relevant award agreements, Executive’s
vested nonqualified stock options to acquire shares of the Class A common stock of SecureWorks Corp. that are unexercised at the end of the Consultancy Period may be exercised by Executive for a period of ninety (90) days following the end
of the Consultancy Period. 

  

	 	d.	 COBRA. If SecureWorks receives an Effective Final Release from Executive, and if Executive and/or
Executive’s eligible dependents are enrolled in a SecureWorks’ health, dental, and/or vision plan and Executive elects COBRA coverage for which Executive and/or Executive’s eligible dependents are eligible, SecureWorks will pay to
Executive an additional severance pay amount of $50,000.00 payable in a single lump-sum payment (less applicable withholdings), through direct deposit (if available) within thirty (30) business days after
the Separation Date. All premiums for any benefits continuation under COBRA will be Executive’s sole responsibility. 

  

	 	e.	 Withholdings. Payments to Executive under this paragraph 4 will be reduced for all applicable tax
withholding, but such payments will not be adjusted for 401(k) plan or any other benefits-related deductions. 

  

	 	f.	 Effect of No Release or No Final Release. Executive acknowledges and agrees that, except as expressly
set forth in this Agreement, in any SecureWorks’ applicable plan, program or policy governing health and welfare and retirement plans and, with respect to equity grants, in any equity award agreement, Executive is not entitled to receive from
SecureWorks payment or distribution of any amounts of cash compensation (including, but not limited to, base salary, bonuses or severance pay), benefits, perquisites or property of any type after the Separation Date. If Executive does not sign this
Agreement or if Executive revokes this Agreement during the Revocation Period described in paragraph 21, or if Executive does not sign the final release and deliver to SecureWorks an Effective Final Release, the only amount payable shall be such
amounts as are required by applicable law, payments in accordance with Executive’s rights, if any, to any benefits under SecureWorks’ health and welfare or retirement plans and payments in accordance with Executive’s rights, if any,
to equity grants as set out the applicable equity plan documents and award agreement(s). 

  

	 	g.	 Section 409A Compliance. The payments and benefits payable pursuant to this Agreement
are intended either to be exempt from Section 409A of the Internal Revenue Code of 1986, as amended, and regulations thereunder (“Section 409A”), as payments that would fall within the
“short-term deferral period” within the meaning of Treasury Regulation Section 1.409A-1(b)(4) and/or the separation pay exception in Treasury Regulation Section 1.409A-1(b)(9), to the extent available, or to comply with the provisions of Section 409A. This Agreement shall be interpreted to avoid any penalty or sanctions under Section 409A.
Accordingly, all provisions herein, or incorporated by reference, shall be construed and interpreted to the maximum extent permitted to be exempt from or compliant with Section 409A and, if necessary, any such provision shall be deemed amended
to comply with Section 409A and regulations thereunder. In connection therewith: 

  

	 	i.	 It is intended that each installment of the payments and benefits hereunder shall be treated as a separate
“payment” for purposes of Section 409A. 

  
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	 	ii.	 References to Executive’s termination, termination of employment, termination of service, or words of
similar import shall mean Executive’s “separation from service” as such term is used in Section 409A. 

  

	 	iii.	 To the extent that payments and benefits under this Agreement are deferred compensation subject to
Section 409A and are contingent upon Executive’s taking any employment-related action, including without limitation execution (and non-revocation) of another
agreement, such as a release agreement, and the period within which such action(s) may be taken by Executive would begin in one calendar year and expire in the following calendar year, then such amounts or benefits shall be paid in such following
calendar year. 

  

	 	iv.	 If as of the Separation Date, Executive is a “specified employee” (within the meaning of
Section 409A(a)(2)(B) or any successor provision thereto), then with regard to any payment or provision of benefit that is subject to Section 409A as deferred compensation and is due upon or as a result of Executive’s “separation
from service,” notwithstanding any contrary provision under this Agreement, such payment or benefit shall not be made or provided, to the extent making or providing such payment or benefit would result in additional taxes or interest under
Section 409A, until the date with is the earlier of (A) expiration of the six (6)-month period measured from such “separation from service,” and (B) the date of Executive’s death
(the “Delay Period”). Upon the expiration of the Delay Period, all payments and benefits delayed pursuant to this section (whether they would have otherwise been payable in a single sum or in installments in the absence of such delay)
shall be paid or reimbursed to Executive in a lump-sum, and any remaining payments and benefit due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for them
in this Agreement. 

  

	 	v.	 While this Agreement is intended to be exempt from or compliant with Section 409A, neither SecureWorks nor
the Company makes or has made any representation, warranty or guarantee of any federal, state or local tax consequences of Executive’s entitlements under this Agreement, including, but not limited to, under Section 409A.

 5. Complete Release. 
  

	 	a.	 Release. Executive hereby fully releases SecureWorks and all of its owners, partners, shareholders,
predecessors, successors, assigns, agents, directors, officers, employees, representatives, attorneys, subsidiaries, joint ventures, and affiliates (and agents, directors, officers, employees, representatives, and attorneys of such subsidiaries and
affiliates) (collectively, “Released Parties”), from any and all known or unknown claims or demands Executive may have against any of them. Executive expressly waives any and all claims, whether asserted on an individual or class action
basis, against the Released Parties including but not limited to all claims arising out of any contract, express or implied, and whether executory or not, any covenant of good faith and fair dealing, express or implied, any tort (whether intentional
or negligent, including claims arising out of the negligence or gross negligence by the Released Parties and claims of express or implied defamation by 

  
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the Released Parties), and any federal, state, or other governmental statute, regulation, or ordinance, including, without limitation, those relating to qui tam, employment discrimination,
termination of employment, payment of wages or provision of benefits, Title VII of the Civil Rights Act of 1964 as amended, the Civil Rights Act of 1991, the Americans with Disabilities Act, the Genetic Information Nondiscrimination Act, the
Employee Retirement Income Security Act, the Family and Medical Leave Act, the Fair Labor Standards Act, the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act (“OWBPA”), the Uniformed Services Employment and
Reemployment Rights Act (“USERRA”), the Worker Adjustment and Retraining Notification (“WARN”) Act, the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), and the Occupational Safety and Health Act. Executive
further releases any and all claims that Executive may have under State law and any other claim under Federal law. Executive represents that Executive has not assigned to any other person any of such claims and that Executive has the full right to
grant this release. Notwithstanding any other provision herein, SecureWorks and Executive agree that Executive is not waiving any claims that may arise in the future under the Age Discrimination in Employment Act, any claim for benefits under the
SecureWorks Inc. 401(k) Plan, the Comprehensive Welfare Benefits Plan, or the SecureWorks Inc. Retiree Medical Plan. 

Notwithstanding the foregoing, this release does not include and will not preclude: (a) rights to vested benefits under any applicable
retirement and/or pension and/or deferred compensation plans; (b) rights under the applicable terms of equity plans and agreements; (c) claims for unemployment compensation (which SecureWorks will not contest); (d) rights to defense,
indemnification and contribution, if any, from the SecureWorks for actions taken by Executive in the course and scope of Executive’s employment or consultancy with SecureWorks and its parents, subsidiaries and/or affiliates; (e) claims
under applicable D&O insurance policies; and/or (f) rights arising under or to enforce the terms of this Agreement. 
  

	 	b.	 Final Release. On or about the Separation Date, SecureWorks will provide to Executive a release
agreement having substantially the same terms and scope as the release terms described in paragraphs 5.a., 7, 8 and 9, and in substantially the form of the agreement attached hereto as Exhibit A. The final release will also have a consideration
period of at least twenty-one (21) days, and a revocation period of at least seven (7) days after such final release is signed by Executive. If Executive timely signs and does not revoke the final
release during its revocation period, the final release will constitute an “Effective Final Release,” and SecureWorks will provide Executive with the payments and benefits described in paragraph 4, unless Executive’s employment
terminates as described in paragraph 2.b., in which case no amounts shall be payable to Executive under paragraph 4. 

6. Participation in Government Matters. Nothing in this Agreement, including the complete release and non-disparagement sections, restricts or prohibits Executive from communicating with, providing testimony before, providing confidential information to, or filing or cooperating in a claim or investigation directly
with a self-regulatory authority or a governmental agency or entity (without the need to seek SecureWorks’ prior approval), including the U.S. Equal Employment Opportunity Commission, the Department of
Justice, the Securities Exchange Commission, the Congress, and any agency Inspector General (collectively, the “Regulators”), or from making other disclosures that are protected under the whistleblower provisions of state or federal law or
regulation or receiving an award from any Regulator that provides awards for providing information. However, to the maximum extent permitted by law, Executive is waiving Executive’s right to receive any individual monetary relief from
SecureWorks resulting from such claims. 

  
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 7. Release of Unknown Claims. For the purpose of implementing a full and
complete release, Executive expressly acknowledges that the release that Executive gives in this Agreement is intended to include in its effect, without limitation, claims that Executive did not know or suspect to exist in Executive’s favor at
the time of the effective date of this Agreement, regardless of whether knowledge of such claims, or the facts upon which they might be based, would materially have affected the settlement of this matter, and that the consideration given under the
Agreement was also for the release of those claims and contemplates the extinguishment of any such unknown claims. In furtherance of this settlement, Executive waives any right Executive may have under California Civil Code Section 1542 (and
other similar statutes and regulations), which section reads as follows: 
 A general release does not extend to claims that the creditor
or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party. 

8. Compensation Paid. Executive represents, warrants, and agrees that all forms of compensation and other monies, including
paychecks, paid to Executive by SecureWorks to date have been accurately calculated, have represented the proper amounts due to Executive, and have been based on SecureWorks’ merit-based compensation
system. The consideration set forth in paragraph 3 of this Agreement is consideration for the complete release and the Effective Final Release and is in excess of what Executive is entitled to receive. If Executive or someone on Executive’s
behalf claims any entitlement to further compensation from SecureWorks, Executive agrees that SecureWorks is entitled to full offset of the amounts set forth in this Agreement. 

9. Non-Admission of Liability. SecureWorks and Executive understand and agree that they
are entering into this Agreement to, among other things, resolve any claims or differences that may exist between them. By entering into this Agreement, neither SecureWorks nor Executive admits any liability or wrongdoing. 

10. Future Employment. Executive agrees that Executive has no right to future employment at SecureWorks. Executive understands
that former SecureWorks employees may only be rehired in exceptional circumstances in SecureWorks’ sole discretion. Executive further expressly waives and opts out of all future claims, whether asserted on an individual or class action basis,
against any Released Party related to a decision not to hire Executive. Except as otherwise provided in paragraph 3 with respect to the Consultancy, if Executive is rehired within twelve (12) months following Executive’s Separation Date,
Executive will forfeit any right to further cash severance payments under paragraph 3.a. Executive also understands and agrees that, in such circumstances, Executive may be required to repay a prorated portion of any such cash severance
previously paid, as determined by SecureWorks. 
 11. Company Documents, Information, or Property. Executive agrees that, on
or before the Separation Date, Executive will have returned to SecureWorks any and all documents relating to SecureWorks or its business operations (and any and all copies thereof, whether in paper form or electronic form), computer equipment,
badges, credit cards, and any other SecureWorks property in Executive’s possession or control. Executive represents and agrees that Executive will not take, nor has Executive taken, any such documents or property from the control or premises of
SecureWorks and that if, at any time after the Separation Date, Executive should come into possession of any such documents or property, Executive will return such documents or property to SecureWorks immediately. Notwithstanding the foregoing,
during the Consultancy Period described in paragraph 3, Executive may continue to use his company-provided computer (laptop) and cell phone, subject to compliance with SecureWorks’ policies with respect thereto, and agrees to return such
property promptly to SecureWorks at the end of the Consultancy, or to purchase such property from SecureWorks at a mutually-agreed price and terms. 

  
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 12. Employment and Other Agreements. Executive agrees that, except as
otherwise provided in this Agreement, the provisions of agreements that Executive previously entered into with SecureWorks, and that are intended to survive Executive’s termination, remain in full force and effect. In connection therewith: 

 

	 	a.	 As a material inducement to SecureWorks to enter into this Agreement, Executive reaffirms
Executive’s intent to comply with Executive’s post-employment obligations to SecureWorks under such agreements. By way of example, the post-termination terms
and conditions of Executive’s long-term incentive and equity award agreements remain in full force and effect, and Executive may require under such agreement to return shares of stock, share value, option
proceeds, or cash award payments if Executive engages in certain conduct detrimental to SecureWorks, including after the Separation Date, as and to the extent provided therein. 

 

	 	b.	 For purposes of the restrictive covenants that Executive agreed to when executing the Protection of
Sensitive Information, Noncompetition and Nonsolicitation Agreement (the “Restrictive Covenant Agreement”), and specifically the definition of a “Direct Competitor” in paragraph 4 of that agreement, technology and services
companies that do not offer or plan to offer products or services designed to protect business customers from information security risks will not be considered a Direct Competitor. In addition, under paragraph 5 of the Restrictive Covenant
Agreement, Executive will be able to request that the restrictions be modified by SecureWorks to allow Executive to accept a position with a company that might otherwise be prohibited. For the avoidance of doubt, any severance pay or benefits
described in the Restrictive Covenant Agreement are superseded by this Agreement, and will not be paid. For purposes of restrictive covenants to which Executive is subject pursuant to the terms of equity award agreements under the LTIP, the
definition of a “Direct Competitor” (or a comparable term in an any such agreement) shall be modified as described above in this paragraph, and Executive will be able to request that such restrictions be modified by SecureWorks to allow
Executive to accept a position with a company that might otherwise be prohibited. 

 13. Confidentiality.
Executive agrees that, except as may be required by law (including to tax authorities and as requested by an unemployment agency), court order, or to enforce this Agreement, Executive will keep the terms, amount, and fact of this Agreement
completely confidential. Notwithstanding the foregoing, Executive may disclose pertinent information concerning this Agreement to Executive’s attorneys, tax advisors and financial planners, and Executive’s spouse and other close family
members, provided they have previously been informed of and have agreed to be bound by this confidentiality clause. Executive understands and agrees that a breach of this confidentiality clause by any of the
above-named individuals will be deemed a breach of this Agreement by Executive. 
 14. Non-disparagement. Executive agrees that, except as may be required by law or court order Executive will not, directly or indirectly, make any statement, oral or written, or perform any act or omission which is
or could be detrimental in any material respect to the reputation or goodwill of SecureWorks or any other Released Party. Executive understands that Executive’s compliance with a subpoena or other legally compulsive process or Executive’s
participation as a witness in any lawsuit will not be a violation of this provision. SecureWorks agrees that, except as may be required by law or court 

  
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order, it will not authorize anyone to make any statement, oral or written, or perform any act or omission which is or could be detrimental in any material respect to Executive’s reputation,
and that it will inform SecureWorks’ officers of, and instruct them not to violate, such terms. Executive understands that SecureWorks’ compliance with a subpoena or other legally compulsive process or its participation as a witness in any
lawsuit will not be a violation of this provision. 
 15. Cooperation. Executive agrees that Executive will give SecureWorks
Executive’s full cooperation in connection with any claims, lawsuits, or proceedings that relate in any manner to Executive’s conduct or duties at SecureWorks or that are based on facts about which Executive obtained personal knowledge
while employed at SecureWorks or is alleged to have such knowledge. In return, SecureWorks agrees to reimburse Executive for direct and reasonable out of pocket expenses incurred with respect to rendering such cooperation, and with respect to any
time devoted by Executive to such cooperation at SecureWorks’ request after payment of the final installment of Severance Pay (as described in paragraph 3.a.). For any such time devoted by Executive after the end of the period of the
Consultancy, SecureWorks agrees to pay Executive the hourly rate of $250.00, unless prohibited by applicable law or rule of ethical or professional conduct. 

16. Successors. This Agreement shall be binding upon Executive and SecureWorks and their heirs, representatives, executors,
administrators, successors, insurers, and assigns, and shall inure to the benefit of each and all of them and to their heirs, representatives, executors, administrators or assigns. 

17. Applicable Law and Venue. THIS AGREEMENT SHALL BE INTERPRETED IN ALL RESPECTS BY THE INTERNAL LAWS OF THE STATE OF GEORGIA,
AND THE VENUE FOR THE RESOLUTION OF ANY DISPUTES (LOCATION OF ANY LAWSUIT) SHALL BE SOLELY IN THE STATE AND FEDERAL COURTS OF FULTON COUNTY, GEORGIA. 

18. Defend Trade Secrets Act. Pursuant to the Defend Trade Secrets Act of 2016 (the “DTSA”), an individual, including
Executive: 
 shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade secret
that (A) is made (i) in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or
(B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. 
 18 U.S.C. § 1833(b)(1).
Accordingly, Executive and SecureWorks have the right to disclose in confidence trade secrets, as defined by the DTSA, to federal, state and local government officials, or to an attorney, for the sole purpose of reporting or investigating a
suspected violation of law. Executive and SecureWorks also have the right to disclose trade secrets, as defined by the DTSA, in a document filed in a lawsuit or other proceeding, but only if the filing is made under seal and protected from public
disclosure. Nothing in this Agreement is intended to conflict with the DTSA or create liability for disclosure of trade secrets that are expressly allowed under the DTSA. 

19. Severability. The fact that one or more paragraphs (or portion thereof) of this Agreement may be deemed invalid or
unenforceable by any court shall not invalidate the remaining paragraphs or portions of such paragraphs of this Agreement. 

  
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 20. Certain Acknowledgments. Executive acknowledges that Executive is signing
this Agreement voluntarily with full knowledge of its contents. If Executive decides not to sign this Agreement, SecureWorks will not retaliate against Executive. Executive is not relying on any promise or representation not specifically and
explicitly made in this Agreement. This Agreement may not be amended or modified except by a written agreement signed by Executive and an authorized officer of SecureWorks. Executive understands that any changes that the parties agree to make to
this Agreement after it has been presented to Executive, whether such changes are material or non-material, will not extend the amount of time Executive has to consider the Agreement. 

21. Consideration and Revocation Periods. Executive understands that Executive may take up to
twenty-one (21) days following Executive’s receipt of this Agreement to consider this Agreement. Executive understands that Executive may use as much or as little of this period as Executive chooses
before signing the Agreement. Executive is advised to consult with an attorney before signing this Agreement. If Executive accepts this Agreement, Executive must sign it and return it to George B. Hanna on or before the expiration of the 21-day period. By signing this Agreement, Executive acknowledges that Executive was afforded a period of at least twenty-one (21) days from the date SecureWorks’
proposal was presented to Executive in which to consider it. In addition, Executive understands that Executive has a period of seven (7) days following the date of signing this Agreement within which to revoke this Agreement (the
“Revocation Period”). To revoke this Agreement, Executive understands that Executive must provide written notification of revocation to George B. Hanna within seven (7) days from the date Executive signed it. 

If the foregoing accurately sets forth Executive’s agreement with SecureWorks, please signify by signing below and returning this Agreement in its
entirety to George B. Hanna on or before close of business on the twenty-first day after this Agreement was first presented to you. If SecureWorks has not received a signed copy of this Agreement by that
time, the offer reflected in this Agreement will automatically terminate and expire without further notice from SecureWorks. 
 For Executive as of
the Date of Agreement: 
  

			
	Date: 6/1/2021	  	 /s/ Mike Cote

		  	Signature
		
		  	Print Name: Mike Cote
		
	For SecureWorks as of the Date of Agreement:	  	
		
	Date: 6/1/2021	  	 /s/ George B. Hanna

		  	Signature
		
		  	 George B. Hanna

		  	Print Name
		
		  	 SVP, CLO & Secretary

		  	Title

  
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 EXHIBIT A 

RELEASE AGREEMENT 
 This
final Release Agreement (“Agreement”) sets forth the mutual agreement of SecureWorks Corp., a Delaware corporation, for itself, its subsidiaries, parents (including Dell Technologies Inc. (“Dell”)) and related entities
(collectively, “SecureWorks”) and Mike Cote (“Executive”) regarding the subject matters addressed below. 

1. Consideration from SecureWorks. If Executive signs this Agreement and does not revoke it during the Revocation Period
(defined in paragraph 12), SecureWorks will provide Executive with the payments and benefits described in paragraph 4 of the Separation Agreement and Release between SecureWorks and Executive (“Separation Agreement”). 

2. Complete Release. Executive hereby fully releases SecureWorks and all of its owners, partners, shareholders, predecessors,
successors, assigns, agents, directors, officers, employees, representatives, attorneys, subsidiaries, joint ventures, and affiliates (and agents, directors, officers, employees, representatives, and attorneys of such subsidiaries and affiliates)
(collectively, “Released Parties”), from any and all known or unknown claims or demands Executive may have against any of them. Executive expressly waives any and all claims, whether asserted on an individual or class action basis, against
the Released Parties, including but not limited to all claims arising out of any contract, express or implied, and whether executory or not, any covenant of good faith and fair dealing, express or implied, any tort (whether intentional or negligent,
including claims arising out of the negligence or gross negligence by the Released Parties and claims of express or implied defamation by the Released Parties), and any federal, state, or other governmental statute, regulation, or ordinance,
including, without limitation, those relating to qui tam, employment discrimination, termination of employment, payment of wages or provision of benefits, Title VII of the Civil Rights Act of 1964, as amended, the Civil Rights Act of 1991, the
Americans with Disabilities Act, the Genetic Information Nondiscrimination Act, the Employee Retirement Income Security Act, the Family and Medical Leave Act, the Fair Labor Standards Act, the Age Discrimination in Employment Act, the Older Workers
Benefit Protection Act (“OWBPA”), the Uniformed Services Employment and Reemployment Rights Act (“USERRA”), the Worker Adjustment and Retraining Notification (“WARN”) Act, the Consolidated Omnibus Budget Reconciliation
Act (“COBRA”), and the Occupational Safety and Health Act. Executive further releases any and all claims that Executive may have under state law and any other claim under federal law. Executive represents that Executive has not assigned to
any other person any of such claims and that Executive has the full right to grant this release. Notwithstanding any other provision herein, SecureWorks and Executive agree that Executive is not waiving any claims that may arise in the future under
the Age Discrimination in Employment Act or any claim for benefits under the SecureWorks Inc. 401(k) Plan, the Comprehensive Welfare Benefits Plan, or the SecureWorks Inc. Retiree Medical Plan. 

Notwithstanding the foregoing, this release does not include and will not preclude: (a) rights to vested benefits under any applicable
retirement and/or pension and/or deferred compensation plans; (b) rights under applicable equity plans and agreements; (c) claims for unemployment compensation (which SecureWorks will not contest); (d) rights to defense,
indemnification, and contribution, if any, from SecureWorks for actions taken by Executive in the course and scope of Executive’s employment or consultancy with SecureWorks; (e) claims under applicable D&O insurance policies and/or
(e) rights arising under or to enforce the terms of this Agreement or the Separation Agreement. 

  
 Page 11 of 14 

 3. Participation in Government Matters. Nothing in this Agreement, including
the complete release section, restricts or prohibits Executive from communicating with, providing testimony before, providing confidential information to, or filing or cooperating in a claim or investigation directly with a self- regulatory authority or a governmental agency or entity (without the need to seek SecureWorks’ prior approval), including the U.S. Equal Employment Opportunity Commission, the Department of Justice, the
Securities and Exchange Commission, the Congress, and any agency Inspector General (collectively, the “Regulators”), or from making other disclosures that are protected under the whistleblower provisions of state or federal law or
regulation or receiving an award from any Regulator that provides awards for providing information. However, to the maximum extent permitted by law, Executive is waiving Executive’s right to receive any individual monetary relief from
SecureWorks resulting from such claims. 
 4. Release of Unknown Claims. For the purpose of implementing a full and complete
release, Executive expressly acknowledges that the release that Executive gives in this Agreement is intended to include in its effect, without limitation, claims that Executive did not know or suspect to exist in Executive’s favor at the time
of the effective date of this Agreement, regardless of whether knowledge of such claims, or the facts upon which they might be based, would materially have affected the settlement of this matter, and that the consideration set forth in paragraph 1
of this Agreement was also for the release of those claims and contemplates the extinguishment of any such unknown claims. In furtherance of this settlement, Executive waives any right Executive may have under California Civil Code Section 1542
(and other similar statutes and regulations), which section reads as follows: 
 A general release does not extend to claims that the
creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party. 

5. Compensation Paid. Executive represents, warrants, and agrees that all forms of compensation and other monies, including
paychecks, paid to Executive by SecureWorks to date have been accurately calculated, have represented the proper amounts due to Executive, and have been based on SecureWorks’ merit-based compensation
system. The consideration set forth in paragraph 1 of this Agreement is consideration for the complete release set forth in paragraph 2 of this Agreement and is in excess of what Executive is entitled to receive. If Executive or someone on
Executive’s behalf claims any entitlement to further compensation from SecureWorks, Executive agrees that SecureWorks is entitled to full offset of the amounts described in paragraph 1 of this Agreement. 

6. Non-Admission of Liability. SecureWorks and Executive understand and agree that they
entered into the Separation Agreement and are entering into this Agreement to, among other things, resolve any claims or differences that may exist between them. By entering into such agreements, neither SecureWorks nor Executive admits any
liability or wrongdoing. 
 7. Employment and Other Agreements. Executive agrees that, except as otherwise provided in this
Agreement, the provisions of agreements that Executive previously entered into with SecureWorks, and that are intended to survive Executive’s termination, remain in full force and effect. In connection therewith, as a material inducement to
SecureWorks to enter into this Agreement, Executive reaffirms Executive’s intent to comply with Executive’s post-employment obligations to SecureWorks under such agreements. By way of example, the post-termination terms and conditions of Executive’s long-term incentive and equity award agreements remain in full force and effect, and Executive may be required under
such agreements to return shares of stock, share value, option proceeds, or cash award payments if Executive engages in certain conduct detrimental to SecureWorks, including after the date on which Executive’s employment with SecureWorks
terminates, as and to the extent provided therein. 
 8. Successors. This Agreement shall be binding upon Executive and
SecureWorks and their heirs, representatives, executors, administrators, successors, insurers, and assigns, and shall inure to the benefit of each and all of them and to their heirs, representatives, executors, administrators or assigns. 

  
 Page 12 of 14 

 9. Applicable Law and Venue. THIS AGREEMENT SHALL BE INTERPRETED IN ALL
RESPECTS BY THE INTERNAL LAWS OF THE STATE OF GEORGIA, AND THE VENUE FOR THE RESOLUTION OF ANY DISPUTES (LOCATION OF ANY LAWSUIT) SHALL BE SOLELY IN THE STATE AND FEDERAL COURTS OF FULTON COUNTY, GEORGIA. 

10. Severability. The fact that one or more paragraphs (or portion thereof) of this Agreement may be deemed invalid or
unenforceable by any court shall not invalidate the remaining paragraphs or portions of such paragraphs of this Agreement. 
 11.
Certain Acknowledgments. Executive acknowledges that Executive is signing this Agreement voluntarily with full knowledge of its contents. If Executive decides not to sign this Agreement, SecureWorks will not retaliate against Executive.
Executive is not relying on any promise or representation not specifically and explicitly made in this Agreement or the Separation Agreement. This Agreement may not be amended or modified except by a written agreement signed by Executive and an
authorized officer of SecureWorks. Executive understands that any changes that the parties agree to make to this Agreement after it has been presented to Executive, whether such changes are material or
non-material, will not extend the amount of time Executive has to consider the Agreement. 

12. Consideration and Revocation Periods. Executive understands that Executive may take up to
twenty-one (21) days following Executive’s receipt of this Agreement to consider this Agreement. Executive understands that Executive may use as much or as little of this period as Executive chooses
before signing the Agreement. Executive is advised to consult with an attorney before signing this Agreement. If Executive accepts this Agreement, Executive must sign it and return it to George B. Hanna on or before the expiration of the 21-day period. By signing this Agreement, Executive acknowledges that Executive was afforded a period of at least twenty-one (21) days from the date SecureWorks’
proposal was presented to Executive in which to consider it. In addition, Executive understands that Executive has a period of seven (7) days following the date of signing this Agreement within which to revoke this Agreement (the
“Revocation Period”). To revoke this Agreement, Executive understands that Executive must provide written notification of revocation to George B. Hanna within seven (7) days from the date Executive signed it. 

Signature Page Follows 

  
 Page 13 of 14 

			
	For Executive as of the Date of Agreement:	  	
		
	Date:                                 	  	  

		
		  	Signature
		
		  	Print Name: Mike Cote
		
	For SecureWorks as of the Date of Agreement:	  	
		
	Date:                                 	  	  

		
		  	Signature
		
		  	  
 Print Name

		
		  	  
 Title

  
 Page 14 of 14Document

SECOND AMENDMENT TO
CREDIT AND SECURITY AGREEMENT

THIS SECOND AMENDMENT TO CREDIT AND SECURITY AGREEMENT (this "Amendment") dated as of June 2, 2021 is made by and among MODUSLINK CORPORATION, a Delaware corporation ("Borrower"), SOL HOLDINGS, INC., a Delaware corporation ("Sol"), SALESLINK MEXICO HOLDINGS CORP., a Delaware corporation ("Saleslink", Sol and Saleslink, together the "Guarantors", and each, individually, a "Guarantor"), MIDCAP FUNDING IV TRUST, a Delaware statutory trust, as successor by assignment from MidCap Financial Trust, as administrative agent, individually as a Lender, and as administrative agent (in such capacity, "Agent"), for itself and the Lenders (as hereinafter defined).
RECITALS:
A.Pursuant to that certain Credit and Security Agreement dated as of December 31, 2019 (as the same may be amended, renewed, restated, replaced, supplemented or otherwise modified from time to time, the "Credit Agreement"), by and among Borrower, Guarantors, the other Credit Parties from time to time party thereto, Agent and the financial institutions party thereto ("Lenders"), Lenders agreed to make certain loans and other financial accommodations to Borrower.  Capitalized terms used herein without definition shall have the meanings contained in the Credit Agreement.
B.The Borrower has requested, and Agent and Lenders have agreed, subject to the terms and conditions set forth herein, to amend certain provisions of the Credit Agreement as set forth herein.
AGREEMENTS:
Therefore, for good and valuable consideration, the parties hereto agree as follows:
1.Recitals.  Each party hereto acknowledges and agrees that the above Recitals are true, accurate, and correct in all respects and that such Recitals are incorporated into this Amendment by reference herein.
2.Amendments to Credit Agreement.  Subject to the satisfaction of the conditions set forth in Section 3 below, and in reliance on the representations and warranties contained in Section 5 below, Agent, Lenders and Borrower hereby agree to amend the Credit Agreement as of the Effective Date as follows:
(a)Section 1.1 of the Credit Agreement is hereby amended to add the following defined terms in proper alphabetical order as follows: 

"Amendment No. 2" means that certain Second Amendment to Credit and Security Agreement, dated as of the Amendment No.2 Effective Date by and among the Borrower, the other Credit Parties thereto and the Agent on behalf of the Lenders. 

"Amendment No. 2 Effective Date" means June 2, 2021.
(b)The definition of the term "Permitted Distributions" set forth in Section 1.1 of the Credit Agreement is hereby amended to amend and restate clauses (e) and (f) in their entirety as follows:
(e)    dividends by ModusLink to Holdings in an aggregate amount not to exceed $2,000,000 in any fiscal year of Borrowers, so long as (i) no Event of Default has occurred and is continuing at the time of making such dividend or would result therefrom, (ii) Borrowers have Revolving Loan Availability, immediately before and for the period of 90 consecutive days after giving effect to such payment, of at least $3,000,000, and (iii) prior to making such dividend, Borrowers have delivered to Agent a certificate of a Responsible Officer of Borrower Representative, in form and substance reasonably satisfactory to Agent, demonstrating Borrowers' compliance with the financial covenants set forth in Article 6 of this Agreement on a pro forma basis after giving effect to the making of such dividend (with the Fixed Charge Coverage Ratio calculated as of the last day of the most recent month preceding the date on which the dividend is made for which financial statements were required to have been delivered under the Agreement, for the 12-month period ending on such date, as if such dividend were made on the first day of such period); provided that, if ModusLink makes the Special Distribution to Holdings, no additional dividends may be made by ModusLink to Holdings pursuant to this clause (e) during the fiscal year ending July 31, 2022; and
(f)    cash dividends in increments of at least $1,000,000 made during the period commencing on the Amendment No. 1 Effective Date and ending on July 31, 2022 by ModusLink to Holdings in an aggregate amount not to exceed $50,000,000 (the "Special Distribution"), so long as (i) no Event of Default has occurred and is continuing at the time of making any Special Distribution or would result therefrom, (ii) Borrowers have Revolving Loan Availability, immediately before and for the period of 90 consecutive days after giving effect to such payment, of at least $3,000,000, and (iii) prior to making any such payment, Borrowers have delivered to Agent a certificate of a Responsible Officer of Borrower Representative, in form and substance reasonably satisfactory to Agent, demonstrating Borrowers' compliance with the financial covenants set forth in Article 6 of this Agreement on a pro forma basis after giving effect to the making of such dividend (with the Fixed Charge Coverage Ratio calculated as of the last day of the most recent month preceding the date on which the dividend is made 
-2-

for which financial statements were required to have been delivered under the Agreement, for the 12-month period ending on such date, as if such dividend were made on the first day of such period).
(c)Section 2.2(b) of the Credit Agreement is hereby amended and restated in its entirety as follows:
(b)    Unused Line Fee.  From and following the Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (i) (A) the Revolving Loan Commitment minus (B) the average daily balance of the sum of the Revolving Loan Outstandings during the preceding month, multiplied by (ii) one-half of one percent (0.50%) per annum; provided that, from and following the Amendment No. 2 Effective Date, the amount referenced in clauses (ii) of the immediately foregoing sentence shall be sixty-five one-hundredths of one percent (0.65%) per annum.  Such fee is to be paid monthly in arrears on the first day of each month.
(d)Exhibit B to the Credit Agreement (Compliance Certificate) is hereby amended and restated in its entirety as attached hereto.
3.Conditions Precedent to Effectiveness.  This Amendment shall become effective on the date (the "Effective Date") on which each of the following conditions precedent has been satisfied, each of which shall be in form and substance satisfactory to Agent:
(a)Agent shall have received a fully-executed copy of this Amendment, signed by Agent, Lenders, Borrower and the Guarantors; and 
(b)subject to Section 4 below, no Default or Event of Default shall have occurred and be continuing or shall be caused by the transactions contemplated by this Amendment.
4.Waiver; Confirmation.  The parties hereto agree and confirm that the amendment set forth in Section 2(d) of this Amendment constitutes an amendment to correct the inadvertent inclusion of Special Distributions as Fixed Charges and in the calculation of the Fixed Charge Coverage Ratio.  The Lenders party hereto agree and confirm that any Default or Event of Default that may have been deemed to have occurred solely as a result of the unintentional inclusion of the Special Distribution as a Fixed Charge in the calculation of the Fixed Charge Coverage Ratio (a "Deemed Default") shall not have occurred and, as a result, no Deemed Default exists or is continuing as a result of (i) any breach of the Fixed Charge Coverage Ratio covenant set forth in Section 6.2 of the Credit Agreement solely as a result the unintentional inclusion of the Special Distribution as a Fixed Charge, (ii) any calculation of the Fixed Charge Coverage Ratio with respect to any other covenant set forth in the Credit Agreement solely as a result the unintentional inclusion of the Special Distribution as a Fixed Charge, or (iii) with respect to any representations or other statements in any certificate delivered in connection with such compliance or calculation solely as a result the unintentional inclusion of 
-3-

the Special Distribution as a Fixed Charge. Agent and Lenders hereby confirm that they have waived the requirement to deliver any certificate required to be delivered pursuant to clause (f) of the definition of "Permitted Distributions" in the Credit Agreement in connection with any portion of the Special Distribution paid prior to the Amendment No. 2 Effective Date.  This is a limited waiver and confirmation and shall not be deemed to constitute a waiver of any other Defaults or Events of Default or any other breach of the Credit Agreement or any of the other Financing Documents (including any breach of the Fixed Charge Coverage Ratio that does not result solely from the unintentional inclusion of the Special Distribution as a Fixed Charge) or any other requirements of any provision of the Credit Agreement or any other Financing Documents.
5.Representations and Warranties.  Borrower and each Guarantor represents and warrants as of the date hereof that it has the full power and authority to execute, deliver and perform this Amendment and to incur the obligations provided for herein, all of which have been duly authorized by all necessary and proper corporate and limited liability company, as applicable, action.  Borrower and each Guarantor hereby further represents and warrants as of the date hereof that (a) the representations and warranties made respectively by such Credit Party in the Financing Documents are true and correct in all material respects (except to the extent that such representation or warranty relates to a specific date, in which case such representation and warranty shall be true as of such earlier date); and (b) the execution and delivery by such Credit Party of this Amendment and the performance by such Credit Party of its obligations hereunder: (i) do not and will not violate any law or regulation applicable to such Credit Party; (ii) do not and will not violate any material agreement, order, decree or judgment by which such Credit Party is bound; and (iii) do not and will not violate or conflict with, result in a breach of or constitute (with notice, lapse of time, or otherwise) a default under any material agreement, mortgage, indenture or other contractual obligation to which such Credit Party is a party, or by which such Credit Party's properties are bound.
6.Continuing Effect.
(a)Except as specifically modified and amended herein, all of the terms, covenants, conditions and agreements contained in the Credit Agreement shall remain in full force and effect.  In the event of any inconsistency between this Amendment and any Financing Document, the provisions of this Amendment shall control.  This Amendment shall constitute a Financing Document.
(b)The Credit Agreement and all of the other Financing Documents, each as amended hereby, are ratified and confirmed in all respects.  Each Credit Party acknowledges and reaffirms its obligations under each Financing Document to which it is a party, in each case as amended, restated, supplemented or otherwise modified prior to or as of the date hereof.  All Liens granted or created by, or existing under, the Financing Documents, as amended hereby, remain unchanged and continue, unabated, in full force and effect, to secure each Credit Party's obligation to repay the Loans and all other amounts under the other Financing Documents (as amended hereby).  Nothing herein shall be deemed to waive, release or discharge the parties hereto from any obligations or liabilities under the Financing Documents, and nothing in this 
-4-

Amendment shall affect or impair any rights, remedies or powers which Agent or Lenders may have under the Financing Documents.
7.Free and Voluntary Act.  Borrower and each Guarantor is freely and voluntarily entering into this Amendment and will enter into any other documents and take any action requested by Agent which is necessary to fulfill the agreements contemplated herein.  Borrower and each Guarantor has individually read this Amendment and has discussed this Amendment with its respective legal, financial and other counsel.  Borrower and each Guarantor understands this Amendment and the risk inherent in, and significance of, the same.
8.No Implied Terms.  Any and all duties or obligations that Agent or Lenders may have to any of the Credit Parties are limited to those expressly stated in the Financing Documents as amended hereby, and neither the duties and obligations of Agent or Lenders nor the rights of the Credit Parties shall be expanded beyond the express terms of the Financing Documents as so amended.
9.Fair Consideration.  Borrower and each Guarantor hereby acknowledges that adequate and valuable consideration has been given on behalf of Agent and Lenders, including Lenders' agreement to enter this Amendment, the receipt and sufficiency of which are hereby acknowledged.
10.Counterparts.  This Amendment may be signed in any number of counterparts and may be executed by facsimile, email delivery or electronic signature, each of which shall be an original, with the same effect as if the signatures hereto and thereto were upon the same instrument.  Signatures by facsimile, email delivery or electronic signature or other electronic communication to this Amendment shall bind the parties to the same extent as would a manually executed counterpart.
11.Expenses.  Borrower agrees to pay all reasonable out-of-pocket expenses of Agent actually incurred in connection with the negotiation, preparation, execution and delivery of this Amendment, including, without limitation, reasonable attorney's fees and expenses.
12.Binding Effect/Governing Law.  This Amendment shall bind, and the rights hereunder shall inure to, the respective successors and assigns of Agent and each Lender and each of the Credit Parties and their respective successors and permitted assigns, subject to the provisions of the Financing Documents as amended hereby.  This Amendment shall be governed by and construed in accordance with the internal laws of the State of New York.
13.Release. For and in consideration of Agent's agreements contained herein and in the Financing Documents, each Credit Party hereby releases and discharges Agent, each Lender, their respective trustees, officers, directors, employees, agents, affiliates, representatives, successors and assigns (collectively, the "Released Parties") from any and all claims, causes of actions, damages and liabilities of any nature whatsoever, known or unknown, which such Credit Party ever had, now has or might hereafter have against one or more of the Released Parties which relates, directly or indirectly, to any of the Financing Documents or the transactions 
-5-

relating thereto, to the extent that any such claim, cause of action, damage or liability shall be based in whole or in part upon facts, circumstances, actions or events existing on or prior to the date hereof and relates to the Deemed Default.

[Signature Pages Follows]
-6-

IN WITNESS WHEREOF, this Amendment has been duly executed as of the date first above written.

						
	BORROWER:	MODUSLINK CORPORATION, a Delaware corporation

By:    
Name:    
Title:    

						
	By:	/s/ CATHY VENABLE
	Name:	Cathy Venable
	Title:	CFO

[Signatures continue on following page.]

Signature Page to Second Amendment to Credit and Security Agreement

						
	GUARANTORS:	SOL HOLDINGS, INC., a Delaware corporation

						
	By:	/s/ CATHY VENABLE
	Name:	Cathy Venable
	Title:	CFO

						
		SALESLINK MEXICO HOLDING CORP., a Delaware corporation

						
	By:	/s/ CATHY VENABLE
	Name:	Cathy Venable
	Title:	CFO

[Signatures continue on following page.]

Signature Page to Second Amendment to Credit and Security Agreement

						
		AGENT AND LENDER:

MIDCAP FUNDING IV TRUST, a Delaware statutory trust, as Agent and a Lender

By:    APOLLO CAPITAL MANAGEMENT, L.P.,
    its investment manager

By:    APOLLO CAPITAL MANAGEMENT GP,
    LLC, its general partner

						
	By:	/s/ MAURICE AMSELLEM
	Name:	Maurice Amsellem
	Title:	Authorized Signatory

Signature Page to Second Amendment to Credit and Security Agreement

EXHIBIT B TO CREDIT AGREEMENT

[Attached]

Signature Page to Second Amendment to Credit and Security Agreement

EXHIBIT B TO CREDIT AGREEMENT (COMPLIANCE CERTIFICATE)
COMPLIANCE CERTIFICATE
Date:  __________, 202__

This Compliance Certificate is given by _____________________, a Responsible Officer of ModusLink Corporation, a Delaware corporation  (the "Borrower Representative"), pursuant to that certain Credit and Security Agreement dated as of December 31, 2019 among the Borrower Representative, the other Borrowers party thereto, and any additional Borrower that may hereafter be added thereto (collectively, "Borrowers"), the Guarantors from time to time party thereto, Midcap Funding IV Trust, as successor-by-assignment from MidCap Financial Trust, individually as a Lender and as Agent, and the financial institutions or other entities from time to time parties hereto, each as a Lender (as such agreement may have been amended, restated, supplemented or otherwise modified from time to time, the "Credit Agreement").  Capitalized terms used herein without definition shall have the meanings set forth in the Credit Agreement.
The undersigned Responsible Officer hereby certifies to Agent and Lenders that:
(a)the financial statements delivered with this certificate in accordance with Section 4.1 of the Credit Agreement fairly present in all material respects the results of operations and financial condition of Borrowers and their Consolidated Subsidiaries as of the dates and the accounting period covered by such financial statements;
(b)the representations and warranties of each Credit Party contained in the Financing Documents are true, correct and complete in all material respects on and as of the date hereof, except to the extent that any such representation or warranty relates to a specific date in which case such representation or warranty shall be true and correct in all material respects as of such earlier date; provided, however, in each case, such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof;
(c)I have reviewed the terms of the Credit Agreement and have made, or caused to be made under my supervision, a review in reasonable detail of the transactions and conditions of Borrowers and their Consolidated Subsidiaries during the accounting period covered by such financial statements and such review has not disclosed the existence during or at the end of such accounting period, and I have no knowledge of the existence as of the date hereof, of any condition or event that constitutes a Default or an Event of Default, except as set forth in Schedule 1 hereto, which includes a description of the nature and period of existence of such Default or an Event of Default and what action Borrowers have taken, are undertaking and propose to take with respect thereto;

(d)except as noted on Schedule 2 attached hereto, the Credit Agreement contains a complete and accurate list of all business locations of Borrowers and Guarantors and all names under which Borrowers and Guarantors currently conduct business; Schedule 2 specifically notes any changes in the names under which any Borrower or Guarantor conduct business;
(e)except as noted on Schedule 3 attached hereto, the undersigned has no knowledge of (i) any federal or state tax liens having been filed against any Borrower, Guarantor or any Collateral or (ii) any failure of any Borrower or Guarantor to make required payments of withholding or other tax obligations of any Borrower or Guarantor during the accounting period to which the attached statements pertain or any subsequent period;
(f)Schedule 5.14 to the Credit Agreement contains a complete and accurate statement of all deposit accounts and investment accounts maintained by Borrowers and Guarantors;
(g)except as noted on Schedule 4 attached hereto and Schedule 3.6 to the Credit Agreement, the undersigned has no knowledge of any current, pending or threatened:  (i) litigation against any Borrower or Guarantor; (ii) inquiries, investigations or proceedings concerning the business affairs, practices, licensing or reimbursement entitlements of any Borrower or Guarantor; or (iii) any default by any Borrower or Guarantor under any Material Contract to which it is a party;
(h)except as noted on Schedule 5 attached hereto, no Borrower or Guarantor has acquired, by purchase, by the approval or granting of any application for registration (whether or not such application was previously disclosed to Agent by Borrowers) or otherwise, any Intellectual Property that is registered with any United States or foreign Governmental Authority, or has filed with any such United States or foreign Governmental Authority, any new application for the registration of any Intellectual Property, or acquired rights under a license as a licensee with respect to any such registered Intellectual Property (or any such application for the registration of Intellectual Property) owned by another Person, that has not previously been reported to Agent on Schedule 3.17 to the Credit Agreement or any Schedule 5 to any previous Compliance Certificate delivered by Borrower Representative to Agent;
(i)except as noted on Schedule 6 attached hereto, no Borrower or Guarantor has acquired, by purchase or otherwise, any Chattel Paper, Letter of Credit Rights, Instruments, Documents or Investment Property that has not previously been reported to Agent on any Schedule 6 to any previous Compliance Certificate delivered by Borrower Representative to Agent;
(j)except as noted on Schedule 7 attached hereto, no Borrower or Guarantor is aware of any commercial tort claim that has not previously been reported to Agent on any Schedule 7 to any previous Compliance Certificate delivered by Borrower Representative to Agent; and
(k)Borrowers and Guarantors (if any) are in compliance with the covenants contained in Article 6 of the Credit Agreement, and in any Guarantee constituting a part of the Financing Documents, as demonstrated by the calculation of such covenants below, except as set 
Exhibit B - 1

forth below; in determining such compliance, the following calculations have been made:  [See attached worksheets].  Such calculations and the certifications contained therein are true, correct and complete.
The foregoing certifications and computations are made as of ________________, 20__ (end of month) and as of _____________, 20__.
			
	Sincerely,

MODUSLINK CORPORATION

By:    
Name:    
Title:    

Exhibit B - 2

EBITDA Worksheet  (Attachment to Compliance Certificate)
						
	EBITDA for the applicable Defined Period is calculated as follows:
	
	Net income (or loss) for the Defined Period of Borrowers and their Consolidated Subsidiaries, but excluding:  (a) the income (or loss) of any Person (other than Subsidiaries of Borrowers) in which Borrowers or any of their Subsidiaries has an ownership interest unless received by Borrower or their Subsidiary in a cash distribution; and (b) the income (or loss) of any Person accrued prior to the date it became a Subsidiary of Borrowers or is merged into or consolidated with Borrowers	$___________
	Plus:    Any provision for (or minus any benefit from) income and franchise taxes deducted in the determination of net income for the Defined Period
	$___________
	Plus:    Interest expense, net of interest income, deducted in the determination of net income for the Defined Period
	$___________
	Plus:    Amortization and depreciation deducted in the determination of net income for the Defined Period
	$___________
	Plus:    Reasonable and documented fees and expenses deducted in the determination of net income incurred in connection with the closing of the Loan(s) and any amendments or waivers to this Agreement or any Financing Document and actually paid in cash for the Defined Period 
	$___________
	Plus:    Reasonable and documented fees and expenses deducted in the determination of net income incurred and actually paid in cash for the Defined Period with respect to any Permitted Acquisition consummated after the Closing Date, to the extent incurred within 180 days of the consummation of such Permitted Acquisition and subject to Agent’s reasonable approval
	$___________
	Plus:    Non-recurring expense deducted (or minus non-recurring income added) in the determination of net income and actually paid in cash for the Defined Period subject to Agent’s reasonable approval
	$___________

Exhibit B - 3

						
	Plus:    Non-cash expense deducted (or minus non-cash income added) in the determination of net income for the Defined Period subject to Agent’s reasonable approval
	$___________
	EBITDA for the Defined Period:	$___________

Exhibit B - 4

Fixed Charge Coverage Ratio Worksheet  (Attachment to Compliance Certificate)
						
	Fixed Charges for the applicable Defined Period is calculated as follows:
	
	Payment of interest expense, net of interest income, included in the determination of net income of Borrowers and their Consolidated Subsidiaries for the Defined Period	$___________
	Plus:    Any provision for (or minus any benefit from) income taxes (less elimination of such taxes as a result of Borrowers' consolidated tax filings with Holdings) or franchise taxes included in the determination of net income for the Defined Period
	$___________
	Plus:    Payments of principal for the Defined Period with respect to all Debt (including the portion of scheduled payments under capital leases allocable to principal but excluding mandatory prepayments required by Section 2.1 and excluding scheduled repayments of Revolving Loans and other Debt subject to reborrowing to the extent not accompanied by a concurrent and permanent reduction of the Revolving Loan Commitment (or equivalent loan commitment))
	$___________
	Plus:    Permitted Distributions (other than any Special Distribution)
	$___________
	Fixed Charges for the applicable Defined Period:	$___________

	Operating Cash Flow for the applicable Defined Period is calculated as follows:
	
	EBITDA for the Defined Period (calculated pursuant to the EBITDA Worksheet)	$___________
	Minus:    Unfinanced Capital Expenditures for the Defined Period
	$___________

	Minus:    To the extent not already reflected in the calculation of EBITDA, other capitalized costs, defined as the gross amount paid in cash and capitalized during the Defined Period, as long term assets, other than amounts capitalized during the Defined Period as capital expenditures for property, plant and equipment or similar fixed asset accounts
	$___________
	Operating Cash Flow for the Defined Period:	$___________

Exhibit B - 5

						
	Covenant Compliance:
Fixed Charge Coverage Ratio (Ratio of Operating Cash Flow to Fixed Charges) for the Defined Period
	___ to 1.0
	Minimum Fixed Charge Coverage for the Defined Period	1.0 to 1.0
	In Compliance	Yes/No
		

Exhibit B - 6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00328-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00328-of-00352.parquet"}]]