Document:

EX-10.1

 Exhibit 10.1 

CISCO SYSTEMS, INC. 

2005 STOCK INCENTIVE PLAN 

AS AMENDED AND RESTATED 

(Effective as of December 10, 2020) 

SECTION 1.    INTRODUCTION. 

The Company’s shareholders approved the Cisco Systems, Inc. 2005 Stock Incentive Plan, as amended and restated and effective on
December 10, 2020. 
 The purpose of the Plan is to promote the long-term success of the Company and the creation of shareholder value
by offering Key Employees an opportunity to share in such long-term success by acquiring a proprietary interest in the Company. 
 The Plan
seeks to achieve this purpose by providing for discretionary long-term incentive Awards in the form of Options (which may constitute Incentive Stock Options or Nonstatutory Stock Options), Stock Appreciation Rights, Stock Grants, and Stock Units.

 The Plan shall be governed by, and construed in accordance with, the laws of the State of California (except its choice-of-law provisions). 
 Capitalized terms shall have the
meaning provided in Section 2 unless otherwise provided in this Plan or any related Stock Option Agreement, SAR Agreement, Stock Grant Agreement or Stock Unit Agreement. 

SECTION 2.    DEFINITIONS. 

(a)    “Affiliate” means any entity other than a Subsidiary, if the Company and/or one or more Subsidiaries own
not less than 50% of such entity. 
 (b)    “Award” means any award of an Option, SAR, Stock Grant or Stock
Unit under the Plan. 
 (c)    “Board” means the Board of Directors of the Company, as constituted from time to
time. 
 (d)    “Cashless Exercise” means, to the extent that a Stock Option Agreement so provides and as
permitted by applicable law, a program approved by the Committee in which payment may be made all or in part by delivery (on a form prescribed by the Committee) of an irrevocable direction to a securities broker to sell Shares and to deliver all or
part of the sale proceeds to the Company in payment of the aggregate Exercise Price and, if applicable, the amount necessary to satisfy the Company’s withholding obligations at the minimum statutory withholding rates, including, but not limited
to, U.S. federal and state income taxes, payroll taxes, and foreign taxes, if applicable. 
 (e)    “Cause”
means, except as may otherwise be provided in a Participant’s employment agreement or Award agreement, a conviction of a Participant for a felony crime or the failure of a Participant to contest prosecution for a felony crime, or a
Participant’s misconduct, fraud or dishonesty (as such terms are defined by the Committee in its sole discretion), or any unauthorized use or disclosure of confidential information or trade secrets, in each case as determined by the Committee,
and the Committee’s determination shall be conclusive and binding. 
 (f)    “Change In Control” except as
may otherwise be provided in a Participant’s employment agreement or Award agreement, means the occurrence of any of the following: 

(i)    A change in the composition of the Board over a period of
thirty-six consecutive months or less such that a majority of the Board members ceases, by reason of one or more contested elections for Board membership, to be comprised of individuals who either
(A) have been Board members continuously since the beginning of such period or (B) have been elected or nominated for election as Board members during such period by at least a majority of the Board members described in clause (A) who
were still in office at the time the Board approved such election or nomination; or 
 (ii)    The
acquisition, directly or indirectly, by any person or related group of persons (other than the Company or a person that directly or indirectly controls, is controlled by, or is under common 

  
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control with, the Company) of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of securities of the Company representing more
than 35% of the total combined voting power of the Company’s then outstanding securities pursuant to a tender or exchange offer made directly to the Company’s shareholders which the Board does not recommend such shareholders accept. 

(g)     “Code” means the Internal Revenue Code of 1986, as amended, and the regulations and interpretations
promulgated thereunder. 
 (h)    “Committee” means a committee described in Section 3. 

(i)    “Common Stock” means the Company’s common stock. 

(j)    “Company” means Cisco Systems, Inc., a California corporation. 

(k)    “Consultant” means an individual who performs bona fide services to the Company, a Parent, a Subsidiary or
an Affiliate, other than as an Employee or Director or Non-Employee Director. 

(l)    “Corporate Transaction” except as may otherwise be provided in a Participant’s employment agreement
or Award agreement, means the occurrence of any of the following shareholder approved transactions: 

(i)    The consummation of a merger or consolidation of the Company with or into another entity or any
other corporate reorganization, if more than 50% of the combined voting power of the continuing or surviving entity’s securities outstanding immediately after such merger, consolidation or other reorganization is owned by persons who were not
shareholders of the Company immediately prior to such merger, consolidation or other reorganization; or 

(ii)    The sale, transfer or other disposition of all or substantially all of the Company’s assets.

 A transaction shall not constitute a Corporate Transaction if its sole purpose is to change the state of the Company’s incorporation
or to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such transactions. 

(m)     “Director” means a member of the Board who is also an Employee. 

(n)    “Disability” means that the Key Employee is classified as disabled under a
long-term disability policy of the Company or, if no such policy applies, the Key Employee is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental
impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months. 

(o)    “Employee” means an individual who is a common-law employee of the
Company, a Parent, a Subsidiary or an Affiliate. 
 (p)    “Exchange Act” means the Securities Exchange Act of
1934, as amended. 
 (q)    “Exercise Price” means, in the case of an Option, the amount for which a Share may
be purchased upon exercise of such Option, as specified in the applicable Stock Option Agreement. “Exercise Price,” in the case of a SAR, means an amount, as specified in the applicable SAR Agreement, which is subtracted from the Fair
Market Value in determining the amount payable upon exercise of such SAR. 
 (r)     “Fair Market Value” means
the market price of a Share as determined in good faith by the Committee. The Fair Market Value shall be determined by the following: 
 (i)
If the Shares were traded over-the-counter or listed with NASDAQ on the date in question, then the Fair Market Value shall be equal to the last transaction price quoted
by the NASDAQ system for the date in question or (ii) if the Common Stock is listed on the New York Stock Exchange or the American Stock Exchange on the date in question, the Fair Market Value is the closing selling price for the Common Stock
as such price is officially quoted in the composite tape of transactions on the exchange determined by the Committee to be the primary market for the Common Stock for the date in question; provided, however, that if there is no such reported price
for the Common Stock for the date in question under (i) or (ii), then such price on the last preceding date for which such price exists shall be determinative of Fair Market Value. 

  
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 If neither (i) or (ii) are applicable, then the Fair Market Value shall be determined
by the Committee in good faith on such basis as it deems appropriate. 
 Whenever possible, the determination of Fair Market Value by the
Committee shall be based on the prices reported in the Western Edition of The Wall Street Journal. Such determination shall be conclusive and binding on all persons. 

(s)    “Fiscal Year” means the Company’s fiscal year. 

(t)    “Grant” means any grant of an Award under the Plan. 

(u)    “Incentive Stock Option” or “ISO” means an incentive stock option described in Code
Section 422. 
 (v)    “Key Employee” means an Employee, Director,
Non-Employee Director or Consultant who has been selected by the Committee to receive an Award under the Plan. 

(w)    “Non-Employee Director” means a member of the Board who is not an
Employee. 
 (x)    “Nonstatutory Stock Option” or “NSO” means a stock option that is not an ISO.

 (y)    “Option” means an ISO or NSO granted under the Plan entitling the Optionee to purchase Shares. 

(z)    “Optionee” means an individual, estate or other entity that holds an Option. 

(aa)    “Parent” means any corporation (other than the Company) in an unbroken chain of corporations ending with
the Company, if each of the corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status of a
Parent on a date after the adoption of the Plan shall be considered a Parent commencing as of such date. 

(bb)    “Participant” means an individual or estate or other entity that holds an Award. 

(cc)    “Performance Goal” means an objective formula or standard determined by the Committee with respect to
each Performance Period utilizing one or more of the following factors and any objectively verifiable adjustment(s) thereto permitted and pre-established by the Committee: (i) operating income, operating
cash flow and operating expense; (ii) earnings before interest, taxes, depreciation and amortization; (iii) earnings; (iv) cash flow; (v) market share; (vi) sales; (vii) revenue; (viii) profits before interest and taxes;
(ix) expenses; (x) cost of goods sold; (xi) profit/loss or profit margin; (xii) working capital; (xiii) return on capital, equity or assets; (xiv) earnings per share; (xv) economic value added; (xvi) stock price;
(xvii) price/earnings ratio; (xviii) debt or debt-to-equity; (xix) accounts receivable; (xx) writeoffs; (xxi) cash; (xxii) assets; (xxiii)
liquidity; (xxiv) operations; (xxv) intellectual property (e.g., patents); (xxvi) product development; (xxvii) regulatory activity; (xxviii) manufacturing, production or inventory; (xxix) mergers and acquisitions or divestitures;
(xxx) financings; (xxxi) customer satisfaction; (xxxii) total shareholder return; and/or (xxxiii) any other performance factor selected by the Committee, each with respect to the Company and/or one or more of its affiliates or
operating units. 
 (dd)    “Performance Period” means any period not exceeding 36 months as determined by the
Committee, in its sole discretion. The Committee may establish different Performance Periods for different Participants, and the Committee may establish concurrent or overlapping Performance Periods. 

(ee)    “Plan” means this Cisco Systems, Inc. 2005 Stock Incentive Plan as amended and restated, and as it may be
further amended from time to time. 
 (ff)    “Previous Plan Award” means any award of an Option, SAR, Stock
Grant or Stock Unit under the Cisco Systems, Inc. 1996 Stock Incentive Plan, the Cisco Systems, Inc. SA Acquisition Long-Term Incentive Plan or the Cisco Systems, Inc. WebEx Acquisition Long-Term Incentive Plan. 

(gg)    “Re-Price” means that the Company has (i) lowered or reduced
the Exercise Price of outstanding Options and/or outstanding SARs for any Participant(s), whether through amendment, cancellation, or replacement grants, or any other means, (ii) repurchased for cash outstanding Options and/or outstanding SARs
when the Exercise Price is greater than the Fair Market Value of the underlying Shares, or (iii) any other action that is treated as a “repricing” under generally accepted accounting principles. 

(hh)    “SAR Agreement” means the agreement described in Section 8 evidencing each Award of a Stock
Appreciation Right. 

  
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 (ii)     “SEC” means the Securities and Exchange Commission.

 (jj)    “Section 16 Persons” means those officers, directors or other persons who are subject to
Section 16 of the Exchange Act. 
 (kk)    “Securities Act” means the Securities Act of 1933, as amended.

 (ll)    “Service” means service as an Employee, Director,
Non-Employee Director or Consultant. A Participant’s Service does not terminate when continued service crediting is required by applicable law. However, for purposes of determining whether an Option is
entitled to continuing ISO status, a common-law employee’s Service will be treated as terminating ninety (90) days after such Employee went on leave, unless such Employee’s right to return to
active work is guaranteed by law or by a contract. Service terminates in any event when the approved leave ends, unless such Employee immediately returns to active work. The Committee determines which leaves count toward Service, and when Service
terminates for all purposes under the Plan. Further, unless otherwise determined by the Committee, a Participant’s Service shall not be deemed to have terminated merely because of a change in the capacity in which the Participant provides
service to the Company, a Parent, Subsidiary or Affiliate, or a transfer between entities (the Company or any Parent, Subsidiary, or Affiliate); provided that there is no interruption or other termination of Service. 

(mm)    “Share” means one share of Common Stock. 

(nn)    “Stock Appreciation Right” or “SAR” means a stock appreciation right awarded under the Plan.

 (oo)    “Stock Grant” means Shares awarded under the Plan. 

(pp)    “Stock Grant Agreement” means the agreement described in Section 9 evidencing each Award of a Stock
Grant. 
 (qq)     “Stock Option Agreement” means the agreement described in Section 6 evidencing each
Award of an Option. 
 (rr)     “Stock Unit” means a bookkeeping entry representing the equivalent of one
Share, as awarded under the Plan. 
 (ss)     “Stock Unit Agreement” means the agreement described in
Section 10 evidencing each Award of a Stock Unit. 
 (tt)    “Subsidiary” means any corporation (other
than the Company) in an unbroken chain of corporations beginning with the Company, if each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes
of stock in one of the other corporations in such chain. A corporation that attains the status of a Subsidiary on a date after the adoption of the Plan shall be considered a Subsidiary commencing as of such date. 

(uu)    “10-Percent Shareholder” means an individual who owns more than
10% of the total combined voting power of all classes of outstanding stock of the Company, its Parent or any of its Subsidiaries. In determining stock ownership, the attribution rules of Section 424(d) of the Code shall be applied. 

SECTION 3.    ADMINISTRATION. 

(a)    Committee Composition. The Board or a Committee appointed by the Board shall administer the Plan. Unless the Board
provides otherwise, the Company’s Compensation & Management Development Committee shall be the Committee. Members of the Committee shall serve for such period of time as the Board may determine and shall be subject to removal by the
Board at any time. The Board may also at any time terminate the functions of the Committee and reassume all powers and authority previously delegated to the Committee. 

The Committee shall have membership composition which enables Awards to Section 16 Persons to qualify as exempt from liability under
Section 16(b) of the Exchange Act. 
 The Board may also appoint one or more separate committees of the Board, each composed of two or
more directors of the Company who need not qualify under Rule 16b-3, that may administer the Plan with respect to Key Employees who are not Section 16 Persons, may grant Awards under the Plan to such Key
Employees and may determine all terms of such Awards. 

  
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 Notwithstanding the foregoing, the Board shall constitute the Committee and shall administer
the Plan with respect to Non-Employee Directors, shall grant Awards under the Plan to such Non-Employee Directors, and shall determine all terms of such Awards. 

(b)    Authority of the Committee. Subject to the provisions of the Plan, the Committee shall have full authority and sole
discretion to take any actions it deems necessary or advisable for the administration of the Plan. Such actions shall include: 
  

	 	(i)	 selecting Key Employees who are to receive Awards under the Plan; 

 

	 	(ii)	 determining the type, number, vesting requirements and other features and conditions of such Awards and
amending such Awards; 

  

	 	(iii)	 correcting any defect, supplying any omission, or reconciling any inconsistency in the Plan or any Award
agreement; 

  

	 	(iv)	 accelerating the vesting, or extending the post-termination exercise term, of Awards at any time and under such
terms and conditions as it deems appropriate; 

  

	 	(v)	 interpreting the Plan; 

 

	 	(vi)	 making all other decisions relating to the operation of the Plan; and 

 

	 	(vii)	 adopting such plans or subplans as may be deemed necessary or appropriate to provide for the participation by
Key Employees of the Company and its Subsidiaries and Affiliates who reside outside the U.S., which plans and/or subplans shall be attached hereto as Appendices. 

The Committee may adopt such rules or guidelines as it deems appropriate to implement the Plan. The Committee’s determinations under the
Plan shall be final and binding on all persons. 
 (c)    Indemnification. To the maximum extent permitted by applicable
law, each member of the Committee, or of the Board, shall be indemnified and held harmless by the Company against and from (i) any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by him or her in connection
with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action taken or failure to act under the Plan or any Stock Option Agreement, SAR Agreement, Stock
Grant Agreement or Stock Unit Agreement, and (ii) from any and all amounts paid by him or her in settlement thereof, with the Company’s approval, or paid by him or her in satisfaction of any judgment in any such claim, action, suit, or
proceeding against him or her, provided he or she shall give the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right of
indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company’s Articles of Incorporation or Bylaws, by contract, as a matter of law, or otherwise, or under any
power that the Company may have to indemnify them or hold them harmless. 
 SECTION 4.    GENERAL.

 (a)    General Eligibility. Only Employees, Directors, Non-Employee
Directors and Consultants shall be eligible for designation as Key Employees by the Committee, in its sole discretion. 

(b)    Incentive Stock Options. Only Key Employees who are common-law employees of
the Company, a Parent or a Subsidiary shall be eligible for the grant of ISOs. In addition, a Key Employee who is a 10-Percent Shareholder shall not be eligible for the grant of an ISO unless the requirements set forth in Section 422(c)(5) of
the Code are satisfied. 
 (c)    Restrictions on Shares. Any Shares issued pursuant to an Award shall be subject to such
rights of repurchase, rights of first refusal and other transfer restrictions as the Committee may determine, in its sole discretion. Such restrictions shall apply in addition to any restrictions that may apply to holders of Shares generally and
shall also comply to the extent necessary with applicable law. In no event shall the Company be required to issue fractional Shares under this Plan. 

(d)    Beneficiaries. Unless stated otherwise in an Award agreement, a Participant may designate one or more beneficiaries
with respect to an Award by timely filing the prescribed form with the Company. A beneficiary designation may be changed by filing the prescribed form with the Company at any time before the Participant’s death. If no beneficiary was designated
or if no designated beneficiary survives the Participant, then after a Participant’s death any vested Award(s) shall be transferred or distributed to the Participant’s estate. 

  
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 (e)    Performance Conditions. The Committee may, in its discretion,
include Performance Goals in an Award or grant an Award upon the satisfaction of Performance Goals. 
 (f)    No Rights
as a Shareholder. A Participant, or a transferee of a Participant, shall have no rights as a shareholder with respect to any Common Stock covered by an Award until such person has satisfied all of the terms and conditions to receive such Common
Stock, has satisfied any applicable withholding or tax obligations relating to the Award and the Shares have been issued (as evidenced by an appropriate entry on the books of the Company or a duly authorized transfer agent of the Company). 

(g)    Termination of Service. Unless the applicable Award agreement or, with respect to Participants who reside in the
U.S., the applicable employment agreement provides otherwise, the following rules shall govern the vesting, exercisability and term of outstanding Awards held by a Participant in the event of termination of such Participant’s Service (in all
cases subject to the expiration term of the Option or SAR as applicable): (i) upon termination of Service for any reason, all unvested portions of any outstanding Awards shall be immediately forfeited without consideration and the vested portions of
any outstanding Stock Units shall be settled upon termination; (ii) if the Service of a Participant is terminated for Cause, then all unexercised Options and SARs, unvested portions of Stock Units and unvested portions of Stock Grants shall
terminate and be forfeited immediately without consideration; (iii) if the Service of a Participant is terminated for any reason other than for Cause, death, or Disability, then the vested portion of his or her then-outstanding Options and/or
SARs may be exercised by such Participant or his or her personal representative within three months after the date of such termination; or (iv) if the Service of a Participant is terminated due to death or Disability, the vested portion of his
or her then-outstanding Options and/or SARs may be exercised within eighteen months after the date of termination of Service. 

(h)    Director Fees. Each Non-Employee Director may elect to receive a Stock Grant
or Stock Unit under the Plan in lieu of payment of a portion of his or her regular annual retainer, additional retainer paid in connection with service on any committee of the Board, or other cash fees based on the Fair Market Value of the Shares on
the date any such retainers or cash fees would otherwise be paid. Such an election may be for any dollar or percentage amount specified by the Company (up to a limit of 100% of the Non-Employee Director’s
retainers or cash fees). The election must be made prior to the beginning of the annual board of directors cycle which shall be any twelve month continuous period designated by the Board. Any amount of the retainers or cash fees that is not elected
to be received as a Stock Grant or Stock Unit shall be payable in cash in accordance with the Company’s standard payment procedures. Shares granted under this Section 4(h) shall otherwise be subject to the terms of the Plan applicable to Non-Employee Directors or to Participants generally (other than provisions specifically applying only to Employees). 

(i)    Dividends and Dividend Equivalents. No dividends may be paid to a Participant with respect to an Award prior to the
vesting of such Award. An Award other than Option or SAR may provide for dividends or dividend equivalents to accrue on behalf of a Participant as of each dividend payment date during the period between the date the Award is granted and the date the
Award is exercised, vested, expired, credited or paid, and to be converted to vested cash or Shares at the same time and in all events subject to the same restrictions and risk of forfeiture to the same extent as the Award with respect to which such
dividend or dividend equivalents have been credited and shall not be paid until and unless the underlying Award vests. For the avoidance of doubt, no dividend or dividend equivalent rights shall be granted with respect to Options or SARs. 

SECTION 5.    SHARES SUBJECT TO PLAN AND SHARE LIMITS. 

(a)    Basic Limitations. The stock issuable under the Plan shall be authorized but unissued Shares. The aggregate number
of Shares reserved for Awards under the Plan shall not exceed 789,975,000 Shares, subject to adjustment pursuant to Section 11. Shares issued as Stock Grants, pursuant to Stock Units or pursuant to the settlement of dividend equivalents will
count against the Shares available for issuance under the Plan as 1.5 Shares for every 1 Share issued in connection with the Award or dividend equivalent. 

(b)    Additional Shares. If Awards are forfeited or are terminated for any other reason before being exercised or settled,
then the Shares underlying such Awards, plus the number of additional Shares, if any, 

  
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that counted against Shares available for issuance under the Plan in respect thereof at the time of Grant, shall again become available for Awards under the Plan. If a Previous Plan Award is
forfeited or is terminated for any other reason before being exercised or settled, then the Shares underlying such Previous Plan Award shall again become available for Awards under this Plan. SARs shall be counted in full against the number of
Shares available for issuance under the Plan, regardless of the number of Shares issued upon settlement of the SARs. In the event that withholding tax liabilities arising from an Award other than an Option or SAR are satisfied by the withholding of
Shares by the Company, then the Shares so withheld, plus the number of additional Shares, if any, that counted against Shares available for issuance under the Plan in respect thereof at the time of Grant, shall again become available for Awards
under the Plan. In the event that withholding tax liabilities arising from an Option or SAR are satisfied by the withholding of Shares by the Company, then the Shares so withheld shall not be added to the Shares available for Awards under the Plan.
In addition, Shares that are exchanged by a Participant or withheld by the Company as full or partial payment in connection with the exercise or settlement of an Option or SAR shall not be available for subsequent Awards under the Plan and Shares
repurchased on the open market with the proceeds of an Option exercise shall not again be made available for issuance under the Plan. 

(c)    Dividend Equivalents. Any dividend equivalents settled in Shares under the Plan shall be applied against the number
of Shares available for Awards. 
 (d)    Share Limits. 

(i)    Limits on Options. Subject to adjustment pursuant to Section 11, no Key Employee shall
receive Options to purchase Shares during any Fiscal Year covering in excess of 5,000,000 Shares and the aggregate maximum number of Shares that may be issued in connection with ISOs shall be 789,975,000 Shares. 

(ii)    Limits on SARs. Subject to adjustment pursuant to Section 11, no Key Employee shall
receive Awards of SARs during any Fiscal Year covering in excess of 5,000,000 Shares and the aggregate maximum number of Shares that may be issued in connection with SARs shall be 789,975,000 Shares. 

(iii)    Limits on Stock Grants and Stock Units. Subject to adjustment pursuant to Section 11,
no Key Employee shall receive Stock Grants or Stock Units during any Fiscal Year covering, in the aggregate, in excess of 5,000,000 Shares. 

(iv)    Limits on Awards to Non-Employee Directors.
Notwithstanding any other provision of the Plan to the contrary, the maximum value of Awards granted under the Plan during a Fiscal Year to a Non-Employee Director for services on the Board, taken together
with any cash fees paid by the Company to such Non-Employee Director during such Fiscal Year for services on the Board, shall not exceed $800,000 in total value (calculating the value of any such Awards based
on the grant date fair value of such Awards under applicable financial accounting standards), including for this purpose the value of any Awards that are received in lieu of payment of all or a portion of his or her regular annual retainer,
additional retainer paid in connection with service on any committee of the Board, or other cash fees (such as Awards received pursuant to an election under Section 4(h)). For the avoidance of doubt, neither Awards granted or compensation paid
to a Non-Employee Director for services as an Employee or Consultant nor any amounts paid to a Non-Employee Director as a reimbursement of an expense shall count against
the foregoing limitation. 
 SECTION 6.    TERMS AND CONDITIONS OF OPTIONS. 

(a)    Stock Option Agreement. Each Grant of an Option under the Plan shall be evidenced and governed exclusively by a
Stock Option Agreement between the Optionee and the Company. Such Option shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions that are not inconsistent with the Plan and that the
Committee deems appropriate for inclusion in a Stock Option Agreement (including without limitation any performance conditions). The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. The Stock
Option Agreement shall also specify whether the Option is an ISO or an NSO. 
 (b)    Number of Shares. Each Stock Option
Agreement shall specify the number of Shares that are subject to the Option and shall be subject to adjustment of such number in accordance with Section 11. 

  
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 (c)    Exercise Price. An Option’s Exercise Price shall be
established by the Committee and set forth in a Stock Option Agreement. The Exercise Price of an Option shall not be less than 100% of the Fair Market Value (110% for ISO grants to 10-Percent Shareholders) on
the date of Grant. 
 (d)    Exercisability and Term. Each Stock Option Agreement shall specify the date when all or any
installment of the Option is to become exercisable. The Stock Option Agreement shall also specify the term of the Option; provided that the term of an Option shall in no event exceed ten years from the date of Grant. Unless the applicable Stock
Option Agreement provides otherwise, each Option shall vest and become exercisable with respect to 20% of the Shares subject to the Option upon completion of one year of Service measured from the vesting commencement date, the balance of the Shares
subject to the Option shall vest and become exercisable in forty-eight equal installments upon completion of each month of Service thereafter, and the term of the Option shall be ten years from the date of Grant. A Stock Option Agreement may provide
for accelerated vesting in the event of the Participant’s death, Disability, or other events. Notwithstanding any other provision of the Plan, no Option can be exercised after the expiration date provided in the applicable Stock Option
Agreement and no Option may provide that, upon exercise of the Option, a new Option will automatically be granted. 

(e)    Modifications or Assumption of Options. Within the limitations of the Plan, the Committee may modify, extend or
assume outstanding options or may accept the cancellation of outstanding options (whether granted by the Company or by another issuer) in return for the grant of new Options for the same or a different number of Shares, at the same or a different
Exercise Price, and with the same or different vesting provisions. Notwithstanding the preceding sentence or anything to the contrary herein, the Committee may not Re-Price outstanding Options unless there is
approval by the Company shareholders and, unless a modification is necessary or desirable to comply with any applicable law, regulation or rule, such modification of an Option shall not, without the consent of the Optionee, impair his or
her rights or obligations under such Option. 
 (f)    Assignment or Transfer of Options. Except as otherwise provided in
the applicable Stock Option Agreement and then only to the extent permitted by applicable law, no Option shall be transferable by the Optionee other than by will or by the laws of descent and distribution. For the avoidance of doubt, in no event may
an Option be transferred for value and any Option transferred in accordance with a Stock Option Agreement, if permitted, shall continue to be subject to the same terms and conditions as were applicable to the Option immediately before the transfer.
Except as otherwise provided in the applicable Stock Option Agreement, an Option may be exercised during the lifetime of the Optionee only by the Optionee or by the guardian or legal representative of the Optionee. No Option or interest therein may
be assigned, pledged or hypothecated by the Optionee during his or her lifetime, whether by operation of law or otherwise, or be made subject to execution, attachment or similar process. 

SECTION 7.    PAYMENT FOR OPTION SHARES. 

The entire Exercise Price of Shares issued upon exercise of Options shall be payable in cash at the time when such Shares are purchased, except
as follows and if so provided for in an applicable Stock Option Agreement: 
 (i)    Surrender of Stock.
Payment for all or any part of the Exercise Price or Options may be made with Shares which have already been owned by the Optionee; provided that the Committee may, in its sole discretion, require that Shares tendered for payment be previously held
by the Optionee for a minimum duration. Such Shares shall be valued at their Fair Market Value. 

(ii)    Cashless Exercise. Payment for all or any part of the Exercise Price may be made through Cashless
Exercise at the Committee’s sole discretion. 
 (iii)    Other Forms of Payment. Payment for all or
any part of the Exercise Price may be made in any other form that is consistent with applicable laws, regulations and rules and approved by the Committee. 

In the case of an ISO granted under the Plan, payment shall be made only pursuant to the express provisions of the applicable Stock Option
Agreement. The Stock Option Agreement may specify that payment may be made in any form(s) described in this 
 Section 7. In the case of
an NSO granted under the Plan, the Committee may, in its discretion at any time, accept payment in any form(s) described in this Section 7. 

  
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 SECTION 8.    TERMS AND CONDITIONS OF STOCK APPRECIATION
RIGHTS. 
 (a)    SAR Agreement. Each Grant of a SAR under the Plan shall be evidenced and governed
exclusively by a SAR Agreement between the Participant and the Company. Such SAR shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions that are not inconsistent with the Plan and
that the Committee deems appropriate for inclusion in a SAR Agreement (including without limitation any performance conditions). A SAR Agreement may provide for a maximum limit on the amount of any payout notwithstanding the Fair Market Value on the
date of exercise of the SAR. The provisions of the various SAR Agreements entered into under the Plan need not be identical. SARs may be granted in consideration of a reduction in the Participant’s compensation. 

(b)    Number of Shares. Each SAR Agreement shall specify the number of Shares to which the SAR pertains and shall be
subject to adjustment of such number in accordance with Section 11. 
 (c)    Exercise Price. Each SAR Agreement
shall specify the Exercise Price which shall be established by the Committee. The Exercise Price of a SAR shall not be less than 100% of the Fair Market Value on the date of Grant. 

(d)    Exercisability and Term. Each SAR Agreement shall specify the date when all or any installment of the SAR is to
become exercisable. The SAR Agreement shall also specify the term of the SAR which shall not exceed ten years from the date of Grant. Unless the applicable SAR Agreement provides otherwise, each SAR shall vest and become exercisable with respect to
20% of the Shares subject to the SAR upon completion of one year of Service measured from the vesting commencement date, the balance of the Shares subject to the SAR shall vest and become exercisable in forty-eight equal installments upon completion
of each month of Service thereafter, and the term of the SAR shall be ten years from the date of Grant. A SAR Agreement may provide for accelerated vesting in the event of the Participant’s death, Disability, or other events. SARs may be
awarded in combination with Options or Stock Grants, and such an Award shall provide that the SARs will not be exercisable unless the related Options or Stock Grants are forfeited. A SAR may be included in an ISO only at the time of Grant but may be
included in an NSO at the time of Grant or at any subsequent time, but not later than six months before the expiration of such NSO. No SAR may provide that, upon exercise of the SAR, a new SAR will automatically be granted. 

(e)    Exercise of SARs. If, on the date when a SAR expires, the Exercise Price under such SAR is less than the Fair Market
Value on such date but any portion of such SAR has not been exercised or surrendered, then such SAR shall automatically be deemed to be exercised as of such date with respect to such portion. Upon exercise of a SAR, the Participant (or any person
having the right to exercise the SAR) shall receive from the Company (i) Shares, (ii) cash or (iii) any combination of Shares and cash, as the Committee shall determine at the time of Grant of the SAR, in its sole discretion. The amount of
cash and/or the Fair Market Value of Shares received upon exercise of SARs shall, in the aggregate, be equal to the amount by which the Fair Market Value (on the date of exercise) of the Shares subject to the SARs exceeds the Exercise Price of those
Shares. 
 (f)    Modification or Assumption of SARs. Within the limitations of the Plan, the Committee may modify,
extend or assume outstanding stock appreciation rights or may accept the cancellation of outstanding stock appreciation rights (including stock appreciation rights granted by another issuer) in return for the grant of new SARs for the same or a
different number of Shares, at the same or a different Exercise Price, and with the same or different vesting provisions. Notwithstanding the preceding sentence or anything to the contrary herein, the Committee may not
Re-Price outstanding SARs unless there is approval by the Company shareholders and, unless a modification is necessary or desirable to comply with any applicable law, regulation or rule, such
modification of a SAR shall not, without the consent of the Participant, impair his or her rights or obligations under such SAR. 

(g)    Assignment or Transfer of SARs. Except as otherwise provided in the applicable SAR Agreement and then only to the
extent permitted by applicable law, no SAR shall be transferable by the Participant other than by will or by the laws of descent and distribution. For the avoidance of doubt, in no event may a SAR be transferred for value and any SAR transferred in
accordance with a SAR Agreement, if permitted, shall continue to be subject to the same terms and conditions as were applicable to the SAR immediately before the transfer. Except as otherwise provided in the applicable SAR Agreement, a SAR may be
exercised during the lifetime of the Participant only by the Participant or by the guardian or legal representative of the Participant. No SAR or interest therein may be assigned, pledged or hypothecated by the Participant during his or her
lifetime, whether by operation of law or otherwise, or be made subject to execution, attachment or similar process. 

  
 9 

 SECTION 9.    TERMS AND CONDITIONS FOR STOCK GRANTS.

 (a)    Amount and Form of Awards. Awards under this Section 9 may be granted in the form of a Stock Grant.
Each Stock Grant Agreement shall specify the number of Shares to which the Stock Grant pertains and shall be subject to adjustment of such number in accordance with Section 11. A Stock Grant may also be awarded in combination with NSOs, and
such an Award may provide that the Stock Grant will be forfeited in the event that the related NSOs are exercised. 

(b)    Stock Grant Agreement. Each Stock Grant awarded under the Plan shall be evidenced and governed exclusively by a
Stock Grant Agreement between the Participant and the Company. Each Stock Grant shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions that are not inconsistent with the Plan and that
the Committee deems appropriate for inclusion in the applicable Stock Grant Agreement (including without limitation any performance conditions). The provisions of the various Stock Grant Agreements entered into under the Plan need not be identical.

 (c)    Payment for Stock Grants. Stock Grants may be issued with or without cash consideration or any other form of
legally permissible consideration approved by the Committee. 
 (d)    Vesting Conditions. Each Stock Grant may or may
not be subject to vesting. Any such vesting provision may provide that Shares shall vest based on Service over time or shall vest, in full or in installments, upon satisfaction of performance conditions specified in the Stock Grant Agreement which
may include Performance Goals pursuant to Section 4(e). Unless the applicable Stock Grant Agreement provides otherwise, each Stock Grant shall vest with respect to 20% of the Shares subject to the Stock Grant upon completion of each year of
Service on each of the first through fifth annual anniversaries of the vesting commencement date. A Stock Grant Agreement may provide for accelerated vesting in the event of the Participant’s death, Disability, or other events. 

(e)    Assignment or Transfer of Stock Grants. Except as provided in the applicable Stock Grant Agreement, and then only to
the extent permitted by applicable law, a Stock Grant awarded under the Plan shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily, involuntarily or by
operation of law. Any act in violation of this Section 9(e) shall be void. However, this Section 9(e) shall not preclude a Participant from designating a beneficiary who will receive any vested outstanding Stock Grant Awards in the event
of the Participant’s death, nor shall it preclude a transfer of vested Stock Grant Awards by will or by the laws of descent and distribution. 

(f)    Voting and Dividend Rights. Subject to Section 4(i), the holder of a Stock Grant awarded under the Plan shall
have the same voting, dividend and other rights as the Company’s other shareholders, except that in the case of any unvested Shares that are subject to the Stock Grant, the holder shall not be entitled to any dividends and other distributions
paid or distributed by the Company on the equivalent number of vested Shares. Notwithstanding the foregoing, at the Committee’s discretion, the holder of unvested Shares may be credited with such dividends and other distributions, provided that
such dividends and other distributions shall be paid or distributed to the Participant only if, when and to the extent such Shares vest. The value of dividends and other distributions payable or distributable with respect to any Shares that do not
vest shall be forfeited. For the avoidance of doubt, other than with respect to the right to receive dividends and other distributions, the holders of unvested Shares shall have the same voting rights and other rights as the Company’s other
shareholders in respect of such unvested Shares. 
 (g)    Modification or Assumption of Stock Grants. Within the
limitations of the Plan, the Committee may modify or assume outstanding stock grants or may accept the cancellation of outstanding stock grants (including stock granted by another issuer) in return for the grant of new Stock Grants for the same or a
different number of Shares and with the same or different vesting provisions. Notwithstanding the preceding sentence or anything to the contrary herein, the Committee may not modify an outstanding Stock Grant such that the modification shall,
without the consent of the Participant, impair his or her rights or obligations under such Stock Grant, unless such modification is necessary or desirable to comply with any applicable law, regulation or rule. 

  
 10 

 SECTION 10.    TERMS AND CONDITIONS OF STOCK UNITS.

 (a)    Stock Unit Agreement. Each grant of Stock Units under the Plan shall be evidenced and governed exclusively
by a Stock Unit Agreement between the Participant and the Company. Such Stock Units shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions that are not inconsistent with the Plan and
that the Committee deems appropriate for inclusion in the applicable Stock Unit Agreement (including without limitation any performance conditions). The provisions of the various Stock Unit Agreements entered into under the Plan need not be
identical. Stock Units may be granted in consideration of a reduction in the Participant’s other compensation. 

(b)    Number of Shares. Each Stock Unit Agreement shall specify the number of Shares to which the Stock Unit Grant
pertains and shall be subject to adjustment of such number in accordance with Section 11. 
 (c)    Payment for
Stock Units. Stock Units shall be issued without consideration. 
 (d)    Vesting Conditions. Each Award of Stock Units
may or may not be subject to vesting. Any such vesting provision may provide that Shares shall vest based on Service over time or shall vest, in full or in installments, upon satisfaction of performance conditions specified in the Stock Unit
Agreement which may include Performance Goals pursuant to Section 4(e). Unless the applicable Stock Unit Agreement provides otherwise, each Stock Unit shall vest with respect to 20% of the Shares subject to the Stock Unit upon completion of
each year of Service on each of the first through fifth annual anniversaries of the vesting commencement date. A Stock Unit Agreement may provide for accelerated vesting in the event of the Participant’s death, Disability, or other events. 

(e)    Voting and Dividend Rights. The holders of Stock Units shall have no voting rights. Prior to settlement or
forfeiture, any Stock Unit awarded under the Plan may, at the Committee’s discretion and subject to Section 4(i), carry with it a right to dividend equivalents. Such right entitles the holder to be credited with an amount equal to all
dividends and other distributions (whether in cash or other property) paid on one Share while the Stock Unit is outstanding. Dividend equivalents may be converted into additional Stock Units. Settlement of dividend equivalents may be made in the
form of cash, in the form of Shares, or in a combination of both. Dividend equivalents shall not be distributed prior to settlement of the Stock Unit to which the dividend equivalents pertain. Prior to distribution, any dividend equivalents shall be
subject to the same conditions and restrictions (including, without limitation, any forfeiture conditions) as the Stock Units to which they attach. The value of dividend equivalents payable or distributable with respect to Stock Units that do not
vest shall be forfeited. 
 (f)    Form and Time of Settlement of Stock Units. Settlement of vested Stock Units may be
made in the form of (a) cash, (b) Shares or (c) any combination of both, as determined by the Committee at the time of the grant of the Stock Units, in its sole discretion. Methods of converting Stock Units into cash may include
(without limitation) a method based on the average Fair Market Value of Shares over a series of trading days. Vested Stock Units may be settled in a lump sum or in installments. The distribution may occur or commence when the vesting conditions
applicable to the Stock Units have been satisfied or have lapsed, or it may be deferred, in accordance with applicable law, to any later date. The amount of a deferred distribution may be increased by an interest factor or by dividend equivalents.
Until an Award of Stock Units is settled, the number of such Stock Units shall be subject to adjustment pursuant to Section 11. 

(g)    Creditors’ Rights. A holder of Stock Units shall have no rights other than those of a general creditor of the
Company. Stock Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Stock Unit Agreement. 

(h)    Modification or Assumption of Stock Units. Within the limitations of the Plan, the Committee may modify or assume
outstanding stock units or may accept the cancellation of outstanding stock units (including stock units granted by another issuer) in return for the grant of new Stock Units for the same or a different number of Shares and with the same or
different vesting provisions. Notwithstanding the preceding sentence or anything to the contrary herein, the Committee may not modify an outstanding Stock Unit such that the modification shall, without the consent of the Participant, impair his or
her rights or obligations under such Stock Unit, unless such modification is necessary or desirable to comply with any applicable law, regulation or rule. 

(i)    Assignment or Transfer of Stock Units. Except as provided in the applicable Stock Unit Agreement, and then only to
the extent permitted by applicable law, Stock Units shall not be anticipated, assigned, 

  
 11 

 
attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily, involuntarily or by operation of law. Any act in violation of this
Section 10(i) shall be void. However, this Section 10(i) shall not preclude a Participant from designating a beneficiary who will receive any outstanding vested Stock Units in the event of the Participant’s death, nor shall it
preclude a transfer of vested Stock Units by will or by the laws of descent and distribution. 
 SECTION
11.    PROTECTION AGAINST DILUTION. 
 (a)    Adjustments. In the
event of a subdivision of the outstanding Shares, a declaration of a dividend payable in Shares, a declaration of a dividend payable in a form other than Shares in an amount that has a material effect on the price of Shares, a combination or
consolidation of the outstanding Shares (by reclassification or otherwise) into a lesser number of Shares, a recapitalization, a spin-off or a similar occurrence, the Committee shall make appropriate
adjustments to the following: 
 (i)    the number of Shares and the kind of shares or securities
available for future Awards under Section 5; 
 (ii)    the limits on Awards specified in
Section 5; 
 (iii)    the number of Shares and the kind of shares or securities covered by each
outstanding Award; or 
 (iv)    the Exercise Price under each outstanding SAR or Option. 

(b)    Participant Rights. Except as provided in this Section 11, a Participant shall have no rights by reason of any
issue by the Company of stock of any class or securities convertible into stock of any class, any subdivision or consolidation of shares of stock of any class, the payment of any stock dividend or any other increase or decrease in the number of
shares of stock of any class. If by reason of an adjustment pursuant to this Section 11 a Participant’s Award covers additional or different shares of stock or securities, then such additional or different shares and the Award in respect
thereof shall be subject to all of the terms, conditions and restrictions which were applicable to the Award and the Shares subject to the Award prior to such adjustment. 

(c)    Fractional Shares. Any adjustment of Shares pursuant to this Section 11 shall be rounded down to the nearest
whole number of Shares. Under no circumstances shall the Company be required to authorize or issue fractional shares and no consideration shall be provided as a result of any fractional shares not being issued or authorized. 

SECTION 12.    EFFECT OF A CORPORATE TRANSACTION. 

(a)    Corporate Transaction. In the event that the Company is a party to a Corporate Transaction, outstanding Awards shall
be subject to the applicable agreement of merger, reorganization, or sale of assets. Such agreement may provide, without limitation, for the assumption or substitution of outstanding Options, SARs, or Stock Units by the surviving corporation or its
parent, for the assumption of outstanding Stock Grant Agreements by the surviving corporation or its parent, for the replacement of outstanding Options, SARs, and Stock Units with a cash incentive program of the surviving corporation which preserves
the spread existing on the unvested portions of such outstanding Awards at the time of the transaction and provides for subsequent payout in accordance with the same vesting provisions applicable to those Awards, for accelerated vesting of
outstanding Awards, or for the cancellation of outstanding Options, SARs, and Stock Units, with or without consideration, in all cases without the consent of the Participant. 

(b)    Acceleration. The Committee may determine, at the time of grant of an Award or thereafter, that such Award shall
become fully vested as to all Shares subject to such Award in the event that a Corporate Transaction or a Change in Control occurs. Unless otherwise provided in the applicable Award agreement, in the event that a Corporate Transaction occurs and any
outstanding Options, SARs or Stock Units are not assumed, substituted, or replaced with a cash incentive program pursuant to Section 12(a) or any outstanding Stock Grant Agreements are not assumed pursuant to Section 12(a), then such
Awards shall fully vest and be fully exercisable immediately prior to such Corporate Transaction. Immediately following the consummation of a Corporate Transaction, all outstanding Options, SARs and Stock Units shall terminate and cease to be
outstanding, except to the extent that they are assumed by the surviving corporation or its parent. 

  
 12 

 (c)    Dissolution. To the extent not previously exercised or settled,
Options, SARs and Stock Units shall terminate immediately prior to the dissolution or liquidation of the Company. 
 SECTION
13.    LIMITATIONS ON RIGHTS. 
 (a)    No Entitlements. A
Participant’s rights, if any, in respect of or in connection with any Award is derived solely from the discretionary decision of the Company to permit the individual to participate in the Plan and to benefit from a discretionary Award. By
accepting an Award under the Plan, a Participant expressly acknowledges that there is no obligation on the part of the Company to continue the Plan and/or grant any additional Awards. Any Award granted hereunder is not intended to be compensation of
a continuing or recurring nature, or part of a Participant’s normal or expected compensation, and in no way represents any portion of a Participant’s salary, compensation, or other remuneration for purposes of pension benefits, severance,
redundancy, resignation or any other purpose. 
 Neither the Plan nor any Award granted under the Plan shall be deemed to give any individual
a right to remain an employee, consultant or director of the Company, a Parent, a Subsidiary or an Affiliate. The Company and its Parents and Subsidiaries and Affiliates reserve the right to terminate the Service of any person at any time, and for
any reason, subject to applicable laws, the Company’s Articles of Incorporation and Bylaws and a written employment agreement (if any), and such terminated person shall be deemed irrevocably to have waived any claim to damages or
specific performance for breach of contract or dismissal, compensation for loss of office, tort or otherwise with respect to the Plan or any outstanding Award that is forfeited and/or is terminated by its terms or to any future Award. 

(b)    Shareholders’ Rights. A Participant shall have no dividend rights, voting rights or other rights as a
shareholder with respect to any Shares covered by his or her Award prior to the issuance of such Shares (as evidenced by an appropriate entry on the books of the Company or a duly authorized transfer agent of the Company). No adjustment shall be
made for cash dividends or other rights for which the record date is prior to the date when such Shares are issued, except as expressly provided in Section 11. 

(c)    Regulatory Requirements. Any other provision of the Plan notwithstanding, the obligation of the Company to issue
Shares or other securities under the Plan shall be subject to all applicable laws, rules and regulations and such approval by any regulatory body as may be required. The Company reserves the right to restrict, in whole or in part, the delivery of
Shares or other securities pursuant to any Award prior to the satisfaction of all legal requirements relating to the issuance of such Shares or other securities, to their registration, qualification or listing or to an exemption from registration,
qualification or listing. 
 SECTION 14.    WITHHOLDING TAXES. 

(a)    General. A Participant shall make arrangements satisfactory to the Company for the satisfaction of any withholding
tax obligations that arise in connection with his or her Award. The Company shall not be required to issue any Shares or make any cash payment under the Plan until such obligations are satisfied. 

(b)    Share Withholding. If a public market for the Company’s Shares exists, the Committee may permit a Participant
to satisfy all or part of his or her withholding or income tax obligations by having the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering or attesting to all or a portion of any Shares
that he or she previously acquired. Such Shares shall be valued based on the value of the actual trade or, if there is none, the Fair Market Value as of the previous day. Any payment of taxes by assigning Shares to the Company may be subject to
restrictions, including, but not limited to, any restrictions required by rules of the SEC. The Committee may, in its discretion, also permit a Participant to satisfy withholding or income tax obligations related to an Award through Cashless
Exercise or through a sale of Shares underlying the Award. 
 SECTION 15.    DURATION AND AMENDMENTS.

 (a)    Term of the Plan. To the extent the Board approves an amendment to the Plan that requires shareholder
approval, the amendment to the Plan shall become effective upon its approval by Company shareholders. The Plan shall terminate at the Company’s 2030 Annual Meeting of Shareholders and may be terminated on any earlier date pursuant to this
Section 15. 

  
 13 

 (b)    Right to Amend or Terminate the Plan. The Board may amend or
terminate the Plan at any time and for any reason. The termination of the Plan, or any amendment thereof, shall not impair the rights or obligations of any Participant under any Award previously granted under the Plan without the Participant’s
consent, unless such modification is necessary or desirable to comply with any applicable law, regulation or rule. No Awards shall be granted under the Plan after the Plan’s termination. An amendment of the Plan shall be subject to the approval
of the Company’s shareholders only to the extent such approval is otherwise required by applicable laws, regulations or rules. 

  
 14 

 CISCO SYSTEMS, INC. 

NOTICE OF GRANT OF STOCK OPTION 

Notice is hereby given of the following option grant (the “Option”) made to purchase shares of Cisco Systems, Inc. (the “Company”) common
stock:
  

							
	 Optionee:
	  		  	 	 	
	 Grant Date:
	  		  	 	 	
	 Type of Option:
	  		  	 Nonstatutory Stock Option
	 	
	 Grant Number:
	  		  	    	 	
	 Number of Option Shares:
	  		  	 	 	 shares

	 Exercise Price:
	  	$	  	 	 	 per share

	 First Vest Date:
	  		  	 	 	
	 Expiration Date:
	  		  	 	 	

 Exercise Schedule. So long as Optionee’s Service continues, the Option shall vest and become
exercisable with respect to (i) ______ (__%) of the option shares, as set forth above (the “Option Shares”) on the First Vest Date as set forth above and (ii) the balance of the Option Shares in ________________ installments upon
Optionee’s completion of each additional _______ of Service over the _____________ period measured from the First Vest Date. In no event shall the Option vest and become exercisable for any additional Option Shares after Optionee’s
cessation of Service. 
 Should Optionee request a reduction to his or her work commitment to less than thirty (30) hours per week, then the Company
shall have the right to extend the period over which the Option shall thereafter vest and become exercisable for the Option Shares during the remainder of the Option term to the extent permitted under local law. In no event shall any extension of
the exercise schedule, as set forth above (“Exercise Schedule”) for the Option Shares result in the extension of the expiration date, as set forth above, (“Expiration Date”) of the Option. 

Optionee understands and agrees that the Option is offered subject to and in accordance with the terms of the Cisco Systems, Inc. 2005 Stock Incentive Plan
(the “Plan”). Optionee further agrees to be bound by the terms of the Plan and the terms of the Option as set forth in the Stock Option Agreement (the “Agreement”) attached hereto. 

No Employment or Service Contract. Nothing in this Notice or in the attached Agreement or in the Plan shall confer upon Optionee any right to
continue in Service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company (or any Parent, Subsidiary or Affiliate employing or retaining Optionee) or of Optionee, which rights are hereby
expressly reserved by each, to terminate Optionee’s Service at any time for any reason, with or without cause to the extent permissible under local law. 

Definitions. All capitalized terms in this Notice shall have the meaning assigned to them in this Notice, the attached Agreement or the
Plan. 
 STOCK OPTION AGREEMENT 

Recitals 
 A.    The Board has
adopted the Plan for the purpose of retaining the services of selected Employees, non-employee members of the Board and Consultants. 

B.    Optionee is to render valuable services to the Company (or a Parent, Subsidiary or Affiliate), and this Agreement is executed
pursuant to, and is intended to carry out the purposes of, the Plan in connection with the Company’s grant of an option to Optionee. 

C.    All capitalized terms in this Agreement shall have the meaning assigned to them in this Agreement, the attached Notice of Grant of
Stock Option (the “Notice”), or the Plan. 
 NOW, THEREFORE, as a condition to and in consideration of the grant, vesting, and exercise of
this Option and Optionee’s receipt of any Option Shares or any related benefit thereunder, it is hereby agreed as follows: 

1.    Grant of Option. The Company hereby grants to Optionee, and Optionee hereby accepts from the Company,
as of the grant date, as set forth in the Notice, (the “Grant Date”) an option to purchase up to the number of Option Shares specified in the Notice. By accepting (whether in writing, electronically or otherwise) this Option, or by
otherwise receiving this Option, Option Shares, or any benefit relating thereto, the Optionee acknowledges that this Option and any Option Shares issued hereunder and the Optionee’s participation in the Plan are subject to such terms and
conditions, and the Optionee agrees to such terms and conditions. The Option Shares shall be purchasable from time to time during the Option term specified in Paragraph 2 at the Exercise Price specified in the Notice. 

2.    Option Term. This Option shall have a maximum term of __________ years [not to exceed (10) years]
measured from the Grant Date and shall accordingly expire at the close of business on the Expiration Date, unless sooner terminated in accordance with Paragraph 4, 5 or 6. 

3.    Non-Transferability. This Option shall not be
anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation of law. Notwithstanding the foregoing, should the Optionee die while holding this
Option, then this Option shall be transferred in accordance with Optionee’s will or the laws of descent and distribution. 

 4.    Dates of Exercise. This Option shall vest and become
exercisable for the Option Shares in one or more installments as specified in the Notice. As the Option becomes exercisable for such installments, those installments shall accumulate and the Option shall remain exercisable for the accumulated
installments until the Expiration Date or sooner termination of the Option term under Paragraph 5 or 6. As an administrative matter, the exercisable portion of this Option may only be exercised until the close of the Nasdaq Global Select Market on
the Expiration Date or the earlier termination date under Paragraph 5 or 6 or, if such date is not a trading day on the Nasdaq Global Select Market, the last trading day before such date. Any later attempt to exercise this Option will not be
honored. For example, if Optionee ceases to remain in Service as provided in Paragraph 5(i) and the date three (3) months from the date of cessation is Monday, July 4 (a holiday on which the Nasdaq Global Select Market is closed), Optionee
must exercise the exercisable portion of this Option by 4:00 p.m. Eastern Daylight Time on Friday, July 1. 

5.    Cessation of Service. The Option term specified in Paragraph 2 shall terminate (and this Option shall
cease to be outstanding) prior to the Expiration Date should any of the following provisions become applicable: 

(i)    Should Optionee cease to remain in Service for any reason (other than death, Disability or Cause and whether or not
in breach of local labor laws) while this Option is outstanding, then Optionee shall have a period of three (3) months (commencing with the date of such cessation of Service) during which to exercise this Option, but in no event shall this
Option be exercisable at any time after the Expiration Date. 
 (ii)    If Optionee dies while this Option is
outstanding, then the Optionee’s designated beneficiary or, if no beneficiary was designated or properly designated or, if no designated beneficiary survives the Optionee, the Optionee’s estate (to the extent reasonably determinable) or
other individual or entity entitled to receive the Option under applicable local law shall have the right to exercise this Option. Such right shall lapse, and this Option shall cease to be outstanding, upon the earlier of (A) the expiration of
the eighteen (18) month period measured from the date of Optionee’s death or (B) the Expiration Date. Optionee may only make a beneficiary designation with respect to this Option if the Company has approved a process or procedure for
such beneficiary designation for the local jurisdiction within which Optionee performs services for the Company or a Parent, Subsidiary or Affiliate. If no such beneficiary designation process or procedure has been approved by the Company, then, in
the event of Optionee’s death, this Option may only be exercised by the Optionee’s estate (to the extent reasonably determinable) or other individual or entity entitled to receive the Option under applicable local law. 

(iii)    Should Optionee cease Service by reason of Disability while this Option is outstanding, then Optionee shall have
a period of eighteen (18) months (commencing with the date of such cessation of Service) during which to exercise this Option, but in no event shall this Option be exercisable at any time after the Expiration Date. 

(iv)    During the limited period of post-Service exercisability, this Option may not be exercised in the aggregate for
more than the number of vested Option Shares for which the Option is exercisable at the date the Optionee ceases to actively provide Service (not extended by any notice period mandated under local law). Upon the expiration of such limited exercise
period or (if earlier) upon the Expiration Date, this Option shall terminate and cease to be outstanding for any vested Option Shares for which the Option has not been exercised. However, this Option shall, immediately as of the date the Optionee
ceases to actively provide Service for any reason, terminate and cease to be outstanding with respect to any Option Shares in which Optionee is not otherwise at that time vested or for which this Option is not otherwise at that time exercisable.

 (v)    Should Optionee’s Service be terminated for Cause or should Optionee otherwise engage in activities
constituting Cause while this Option is outstanding, then this Option shall terminate immediately and cease to remain outstanding. In the event Optionee’s Service is suspended pending an investigation of whether Optionee’s Service will be
terminated for Cause, all Optionee’s rights under the Option, including the right to exercise the Option, shall be suspended during the investigation period. 

(vi)    For purposes of this Paragraph 5, in the event of Optionee’s cessation of Service for any reason (whether or
not later found to be invalid or in breach of the employment laws in the jurisdiction where Optionee is employed or providing Service, or the terms of Optionee’s employment or service agreement, if any), Optionee’s right to receive
additional options or to vest in the Option will end as of the date the Optionee is no longer actively providing Service and will not be extended by any notice period mandated under local law (e.g., active Service would not include any period
of “garden leave” or similar period pursuant to local law); the Company shall have the exclusive discretion to determine when an Optionee is no longer actively providing Service for purposes of this Option. 

6.    Special Acceleration of Option. 

(a)    This Option, to the extent outstanding at the time of a Corporate Transaction but not otherwise fully vested and
exercisable, shall automatically accelerate so that this Option shall, immediately prior to the effective date of the Corporate Transaction, become vested and exercisable for all of the Option Shares at the time subject to this Option and may be
exercised for any or all of those Option Shares as fully-vested Shares. No such acceleration of this Option, however, shall occur if and to the extent: (i) this Option is, in connection with the Corporate Transaction, either assumed by the
successor corporation (or parent thereof) or replaced with a comparable option to purchase shares of the capital stock of the successor corporation (or parent thereof) or (ii) this Option is replaced with a cash incentive program of the
successor corporation which preserves the spread existing on the unvested Option Shares at the time of the Corporate Transaction (the excess of the Fair Market Value of those Option Shares over the aggregate Exercise Price payable for such Shares)
and provides for subsequent pay-out in accordance with the same Exercise Schedule set forth in the Notice. The determination of option comparability under clause (i) shall be made by the Committee, and
such determination shall be final, binding and conclusive. 
 (b)    Immediately following the effective date of the
Corporate Transaction, this Option shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation (or parent thereof) in connection with the Corporate Transaction. 

 (c)    If this Option is assumed in connection with a Corporate
Transaction, then the Committee shall appropriately adjust the number of shares and the kind of shares or securities covered by the Option and the Exercise Price immediately after such Corporate Transaction, provided the aggregate Exercise Price
shall remain the same. 
 (d)    This Agreement shall not in any way affect the right of the Company to adjust,
reclassify, reorganize or otherwise change its capital or business structure or to merge, consolidate, dissolve, liquidate or sell or transfer all or any part of its business or assets. 

7.    Adjustment in Option Shares. In the event of a subdivision of the outstanding Shares, a declaration of
a dividend payable in Shares, a declaration of a dividend payable in a form other than Shares in an amount that has a material effect on the price of Shares, a combination or consolidation of the outstanding Shares (by reclassification or otherwise)
into a lesser number of Shares, a recapitalization, a spin-off or a similar occurrence, appropriate adjustments shall be made to (i) the total number and/or kind of shares or securities subject to this
Option and (ii) the Exercise Price in order to reflect such change and thereby preclude a dilution or enlargement of benefits hereunder. 

8.    Shareholder Rights. The holder of this Option shall not have any shareholder rights with respect to
the Option Shares until such person shall have exercised the Option, paid the Exercise Price and become a holder of record of the purchased Shares. 

9.    Manner of Exercising Option. 

(a)    In order to exercise this Option with respect to all or any part of the Option Shares for which this Option is at
the time exercisable, Optionee (or any other person or persons exercising the Option) must take the following actions: 

(i)    Pay the aggregate Exercise Price for the purchased Shares in one or more of the following forms: 

(A)    cash or check which, in the Company’s sole discretion, shall be made payable to a Company-designated
brokerage firm or the Company; and 
 (B)    as permitted by applicable law, through a special sale and remittance
procedure pursuant to which Optionee (or any other person or persons exercising the Option) shall concurrently provide irrevocable written instructions (I) to a Company-designated brokerage firm (or in the case of an executive officer or Board
member of the Company, an Optionee-designated brokerage firm) to effect the immediate sale of the purchased Shares and remit to the Company, out of the sale proceeds available on the settlement date, sufficient funds to cover the aggregate Exercise
Price payable for the purchased Shares plus, if applicable, the amount necessary to satisfy any Tax-Related Items (as defined in Paragraph 10 of this Agreement) and (II) to the Company to deliver the
purchased Shares directly to such brokerage firm in order to complete the sale transaction. 
 (ii)    Furnish to the
Company appropriate documentation that the person or persons exercising the Option (if other than Optionee) have the right to exercise this Option. 

(iii)    Make appropriate arrangements with the Company (or a Parent, Subsidiary or Affiliate employing or retaining
Optionee) for the satisfaction of all withholding or other obligations related to Tax-Related Items applicable to the Option grant, vesting, exercise or the sale of Shares, as applicable. 

(b)    As soon as practical after the exercise date, the Company shall issue to or on behalf of Optionee (or any other
person or persons exercising this Option) the purchased Option Shares, (as evidenced by an appropriate entry on the books of the Company or a duly authorized transfer agent of the Company), subject to the appropriate legends and/or stop transfer
instructions. 
 (c)    In no event may this Option be exercised for any fractional Shares. 

(d)    Notwithstanding any other provisions of the Plan, this Agreement or any other agreement to the contrary, if at the
time this Option is exercised, Optionee is indebted to the Company (or any Parent, Subsidiary or Affiliate) for any reason, the following actions shall be taken, as deemed appropriate by the Committee: 

(i)    any Shares to be issued upon such exercise shall automatically be pledged against Optionee’s outstanding
indebtedness; and 
 (ii)    if this Option is exercised in accordance with subparagraph 9(a)(i)(B) above, the after
tax proceeds of the sale of Optionee’s Shares shall automatically be applied to the outstanding balance of Optionee’s indebtedness. 

10.    Responsibility for Taxes. 

(a)    Regardless of any action taken by the Company or Optionee’s employer (the “Employer”), the ultimate
liability for all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to Optionee’s participation in the Plan and legally applicable to
Optionee (“Tax-Related Items”) is and remains Optionee’s responsibility. Optionee further acknowledges that the Company and/or the Employer (1) make no representations or undertakings
regarding the treatment of any Tax-Related Items in connection with any aspect of the Option, including the grant, vesting or exercise of the Option, the subsequent sale of Shares acquired pursuant to such
exercise and the receipt of any dividends; and (2) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the Option to reduce or eliminate Optionee’s liability for
Tax-Related Items or achieve any particular tax result. Further, if Optionee becomes subject to taxation in more than one jurisdiction, Optionee acknowledges that the Company and/or the Employer (or former
employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 

(b)    Prior to any relevant tax, withholding or required deduction event, as applicable, and in order to receive any
Shares or other benefit in relation to the Option, Optionee agrees to make arrangements satisfactory to the Company for the satisfaction of any 

 
applicable Tax-Related Items of the Company and/or the Employer that arise in connection with the Option. In this regard, Optionee authorizes the Company
and/or the Employer, or their respective agents, at their discretion, to satisfy any obligations related to Tax-Related Items by one or a combination of the following: (1) withholding all applicable Tax-Related Items from Optionee’s wages or other cash compensation paid to Optionee by the Company and/or the Employer; (2) withholding from proceeds of the sale of Shares acquired upon exercise of the
Option either through a voluntary sale (specifically including where this Option is exercised in accordance with subparagraph 9(a)(i)(B) above) or through a mandatory sale arranged by the Company (on Optionee’s behalf pursuant to this
authorization); or (3) withholding of Shares that would otherwise be issued upon exercise of the Option. 

(c)    Depending on the withholding method, the Company or Employer may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding amounts or other applicable withholding rates, including maximum applicable rates. If the obligation for
Tax-Related Items is satisfied by withholding in Shares, for tax purposes, Optionee is deemed to have been issued the full number of Shares subject to the Option, notwithstanding that a number of the Shares
are held back solely for the purpose of paying the Tax-Related Items. Optionee agrees to provide the Company and/or its stock plan broker/administrator with the information necessary to manage Optionee’s Tax-Related Items withholding and acknowledges that should Optionee fail to provide such information on a timely basis, the Company and/or its stock plan broker/administrator may be obligated to withhold amounts
from Optionee and it may be necessary for Optionee to seek a refund directly from the tax authorities. 

(d)    Finally, Optionee must pay to the Company or the Employer any amount of
Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of Optionee’s participation in the Plan or Optionee’s purchase of Shares that cannot be
satisfied by the means previously described. The Company may refuse to honor the exercise and refuse to issue or deliver the Shares or the proceeds of the sale of the Shares if Optionee fails to comply with Optionee’s obligations in connection
with the Tax-Related Items as described in this Paragraph. 
 11.    Tax
and Legal Advice. Optionee represents, warrants and acknowledges that neither the Company nor Optionee’s Employer have made any warranties or representations to Optionee with respect to any
Tax-Related Items, legal or financial consequences of the transactions contemplated by this Agreement, and Optionee is in no manner relying on the Company, the Employer or the Company’s or the
Employer’s representatives for an assessment of such consequences. OPTIONEE UNDERSTANDS THAT THE LAWS GOVERNING THIS OPTION ARE SUBJECT TO CHANGE. OPTIONEE SHOULD CONSULT OPTIONEE’S PROFESSIONAL TAX, LEGAL AND FINANCIAL ADVISOR REGARDING
THIS OPTION. OPTIONEE UNDERSTANDS THAT THE COMPANY AND THE EMPLOYER ARE NOT PROVIDING ANY TAX, LEGAL, OR FINANCIAL ADVICE, NOR IS THE COMPANY OR THE EMPLOYER MAKING ANY RECOMMENDATION REGARDING OPTIONEE’S ACCEPTANCE OF THIS OPTION. NOTHING
STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER OR OTHER PENALTIES. 

12.    Compliance with Laws and Regulations. 

(a)    The exercise of this Option and the issuance of the Option Shares upon such exercise shall be subject to compliance
by the Company and Optionee with all applicable laws, regulations and rules relating thereto, including all applicable regulations of any stock exchange (or the Nasdaq Global Select Market, if applicable) on which the Shares may be listed for
trading at the time of such exercise and issuance and all applicable foreign laws. 
 (b)    The inability of the
Company to obtain approval from any regulatory body having authority deemed by the Company to be necessary to the lawful issuance and sale of any Shares pursuant to this Option shall relieve the Company of any liability with respect to the non-issuance or sale of the Shares as to which such approval shall not have been obtained. 

13.    Successors and Assigns. Except to the extent otherwise provided in Paragraphs 3, 5 and 6, the
provisions of this Agreement shall inure to the benefit of, and be binding upon, the Company and its successors and assigns and Optionee, Optionee’s assigns and the legal representatives, heirs and legatees of Optionee’s estate. 

14.    Notices. Any notice required or permitted under the terms of this Agreement shall be in writing and
shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the mail, as certified or registered mail, with postage prepaid, and addressed to the Company
at the Company’s principal corporate offices or to the Optionee at the address maintained for the Optionee in the Company’s records or, in either case, as subsequently modified by written notice to the other party. 

15.    Construction. The Notice, this Agreement, and the Option evidenced hereby (a) are made and
granted pursuant to the Plan and are in all respects limited by and subject to the terms of the Plan, and (b) constitute the entire agreement between Optionee and the Company on the subject matter hereof and supersede all proposals, written or
oral, and all other communications between the parties related to the subject matter. All decisions of the Committee with respect to any question or issue arising under the Notice, this Agreement or the Plan shall be conclusive and binding on all
persons having an interest in this Option. The provisions of this Agreement are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be
binding and enforceable. 
 16.    Governing Law and Forum. This Agreement shall be governed by and
construed in accordance with the laws of the State of California without regard to the conflict of laws principles thereof. For purposes of litigating any dispute that may arise directly or indirectly from this Agreement, the parties hereby submit
and consent to litigation in the exclusive jurisdiction of the State of California and agree that any such litigation shall be conducted only in the courts of California or the federal courts for the United States for the Northern District of
California and no other courts. 

 17.    Excess Shares. If the Option Shares covered by this
Agreement exceed, as of the Grant Date, the number of Shares which may without shareholder approval be issued under the Plan, then this Option shall be void with respect to those excess shares, unless shareholder approval of an amendment
sufficiently increasing the number of Shares issuable under the Plan is obtained in accordance with the provisions of the Plan and all applicable laws, regulations and rules. 

18.    Further Instruments. The parties agree to execute such further instruments and to take such further
action as may be reasonably necessary to carry out the purposes and intent of this Agreement. 

19.    Authorization to Release and Transfer Necessary Personal Information. 

(a) Optionee hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of
Optionee’s personal information as described in this Agreement by and among, as applicable, the Employer, and the Company and its Parent, Subsidiaries and Affiliates for the exclusive purpose of implementing, administering and managing
Optionee’s participation in the Plan. 
 (b) Optionee understands that the Company and the Employer may hold certain
personal information about Optionee, including, but not limited to, Optionee’s name, home address and telephone number, date of birth, social insurance number (or any other social or national identification number), salary, nationality, job
title, residency status, any Shares or directorships held in the Company, details of all options or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding (the “Data”) for the purpose of implementing,
administering and managing the Optionee’s participation in the Plan. Optionee understands that Data may be transferred to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties assisting in the implementation,
administration and management of the Plan, that these recipients may be located in Optionee’s country or elsewhere, including outside the European Economic Area, and that the recipient’s country (e.g., the United States) may have different
data privacy laws and protections than Optionee’s country. Optionee understands that Optionee may request a list with the names and addresses of any potential recipients of the Data by contacting Optionee’s local human resources
representative. Optionee authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing Optionee’s participation in the Plan,
including any requisite transfer of such Data to a broker or other third party assisting with the administration of the Option under the Plan or with whom Shares acquired pursuant to these Options or cash from the sale of such Shares may be
deposited. Furthermore, Optionee acknowledges and understand that the transfer of the Data to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties is necessary for Optionee’s participation in the Plan.

 (c) Optionee understands that Data will be held only as long as is necessary to implement, administer and manage
Optionee’s participation in the Plan. Optionee understands that Optionee may, at any time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or
withdraw the consents herein by contacting Optionee’s local human resources representative in writing. Further, Optionee understands that he or she is providing the consents herein on a purely voluntary basis. If Optionee does not consent, or
if Optionee later seeks to revoke consent, Optionee’s employment status or service and career with the Employer will not be affected; the only consequence of refusing or withdrawing Optionee’s consent is that the Company would not be able
to grant Options or other equity awards, or administer or maintain such awards. Optionee further acknowledges that withdrawal of consent may affect Optionee’s ability to vest in or realize benefits from the Options, and Optionee’s
ability to participate in the Plan. For more information on the consequences of Optionee’s refusal to consent or withdrawal of consent, Optionee understands that Optionee may contact Optionee’s local human resources representative.

 (d) The collection, use and transfer of Data for the purpose of implementing, administering and managing Optionee’s
participation in the Plan is conducted in accordance with the Company’s Global HR Data Protection Policy. 

20.    No Entitlement or Claims for Compensation. As a condition to, and in consideration of, the grant,
vesting, and exercise of this Option, and in receiving the Option, Option Shares, or any benefit relating to the Option, Optionee acknowledges and agrees that: 

(a)    Optionee’s rights, if any, in respect of or in connection with this Option or any other Award are derived
solely from the discretionary decision of the Company to permit Optionee to participate in the Plan and to benefit from a discretionary Award. The Plan may be amended, suspended or terminated by the Company at any time, unless otherwise provided in
the Plan and this Agreement. By accepting this Option, Optionee expressly acknowledges that there is no obligation on the part of the Company to continue the Plan and/or grant any additional Awards to Optionee or benefits in lieu of Options or any
other Awards even if Options have been granted repeatedly in the past. All decisions with respect to future Option grants, if any, will be at the sole discretion of the Committee. 

(b)    This Option and the Shares subject to the Option are not intended to replace any pension rights or compensation and
are not to be considered compensation of a continuing or recurring nature, or part of Optionee’s normal or expected compensation, and in no way represent any portion of Optionee’s salary, compensation or other remuneration for any purpose,
including but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and in no event should be considered
as compensation for, or relating in any way to, past services for the Company, the Employer or any Parent, Subsidiary or Affiliate. The value of the Option and the Shares subject to the Option are an extraordinary item that do not constitute
compensation of any kind for services of any kind rendered to the Company, the Employer or any Parent, Subsidiary or Affiliate and which are outside the scope of Optionee’s written employment agreement (if any). 

(c)     Optionee is voluntarily participating in the Plan. 

(d)     Neither the Plan nor this Option or any other Award granted under the Plan shall be deemed to give Optionee a
right to remain an Employee, Consultant or director of the Company, a Parent, Subsidiary or an Affiliate. The Employer reserves the right to terminate the Service of Optionee at any time, with or without cause, and for any reason. 

(e)    The grant of the Option and Optionee’s participation in the Plan will not be interpreted to form
an employment contract or relationship with the Company, the Employer or any Parent, Subsidiary or Affiliate. 

 (f)     The future value of the underlying Shares is unknown and cannot
be predicted with certainty. If the underlying Shares do not increase in value, the Option will have no value. If Optionee exercises the Option and obtains Shares, the value of the Shares acquired upon exercise may increase or decrease in value,
even below the Exercise Price. Optionee also understands that neither the Company, nor the Employer or any Parent, Subsidiary or Affiliate is responsible for any foreign exchange fluctuation between the Employer’s local currency and the United
States Dollar that may affect the value of this Option. 
 (g)     In consideration of the grant of the Option, no claim
or entitlement to compensation or damages shall arise from forfeiture of the Option resulting from termination of Optionee’s Service by the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws).

 (h)    The Company may require Options granted hereunder be exercised with, and the Option Shares held by, a broker
designated by the Company. 
 (i)    Optionee’s rights hereunder (if any) shall be subject to set-off by the Company for any valid debts the Optionee owes to the Company. 

(j)    The Option and the benefits under the Plan, if any, will not automatically transfer to another company in the case
of a merger, take-over or transfer of liability. 
 21.    Severability. If any provision of this
Agreement is held to be unenforceable for any reason, it shall be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed
valid and enforceable to the full extent possible. 
 22.    Waiver. Optionee agrees that a waiver by the
Company of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by Optionee or any other participant. 

23.    Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related
to Optionee’s current or future participation in the Plan by electronic means or to request Optionee’s consent to participate in the Plan by electronic means. Optionee hereby consents to receive such documents by electronic delivery and
agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party designated by the Company. 

24.    Language. If this Agreement or any other document related to the Plan is translated into a language
other than English and the meaning of the translated version is different from the English version, the English version will take precedence. 

25.    Appendix. Notwithstanding any provisions in this Agreement, the Option shall be subject to any
special terms and conditions set forth in any Appendix to this Agreement for Optionee’s country of residence. Moreover, if Optionee relocates to one of the countries included in the Appendix, the special terms and conditions for such country
will apply to Optionee, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of
this Agreement. 
 26.    Committee Policies. The Option shall be subject to any applicable special terms
and conditions set forth in any applicable policy (and any amendments thereto) that the Committee (or a designee of the Committee) has adopted or will adopt in the future, including, but not limited to, any policy related to the vesting or transfer
of equity awards. 
 27.    Imposition of Other Requirements. The Company reserves the right to impose
other requirements on Optionee’s participation in the Plan, on the Option and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the
administration of the Plan. Optionee agrees to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. Furthermore, Optionee acknowledges that the laws of the country in which Optionee is working at the time
of grant, vesting and exercise of the Option or the sale of Shares received pursuant to this Agreement (including any rules or regulations governing securities, foreign exchange, tax, labor, or other matters) may subject Optionee to additional
procedural or regulatory requirements that Optionee is and will be solely responsible for and must fulfill. 

28.    Acceptance of Agreement. You may accept this Award either by (a) clicking on the
“I agree” button below at any time before the First Vest Date or (b) doing nothing and your Award will be automatically accepted on your behalf on the First Vest Date. 

*                *       
         *                * 

By accepting your Award in accordance with Section 28 of this Agreement, you agree to be bound by the terms and conditions of this
Agreement. 
 PLEASE PRINT AND KEEP A COPY FOR YOUR RECORDS 

 (For Grants Beginning in September 2017) 

CISCO SYSTEMS, INC. 

STOCK GRANT AGREEMENT 

This Stock Grant Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by and between Cisco
Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005 Stock Incentive Plan (the “Plan”). The material terms of this Stock Grant Award are as follows: 

 

			
	 Employee ID:
	 	 
		
	 Grant Date:
	 	 
		
	 Grant Number:
	 	 
		
	 Restricted Shares:
	 	 
		
	 First Vest Date:
	 	                                ,20    
                            

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning ascribed to them in
the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, and as a condition to and in
consideration of the grant, vesting, and settlement of the Stock Grant and your receipt of any Shares or any related benefit thereunder, the parties agree as follows: 

1.    Restricted Shares. Pursuant to the Plan, the Company hereby transfers to you, and you hereby accept
from the Company, a Stock Grant Award consisting of the Restricted Shares, on the terms and conditions set forth herein and in the Plan. By accepting (whether in writing, electronically or otherwise) the Stock Grant, or by otherwise receiving the
Stock Grant, Shares, or any benefit relating thereto, you acknowledge that the Stock Grant and any Shares issued thereunder and your participation in the Plan are subject to such terms and conditions, and you agree to such terms and conditions. 

2.    Vesting of Restricted Shares. So long as your Service continues, the Restricted Shares shall vest in
accordance with the following schedule: [                    ], unless otherwise provided by the Plan or Section 3 below. In the event of
the termination of your Service for any reason, all unvested Restricted Shares shall be immediately forfeited without consideration. For purposes of facilitating the enforcement of the provisions of this Section 2, the Company may issue
stop-transfer instructions on the Restricted Shares to the Company’s transfer agent, or otherwise hold the Restricted Shares in escrow, until the Restricted Shares have vested and you have satisfied all applicable obligations with respect to
the Restricted Shares, including any applicable tax withholding obligations set forth in Section 5 below. Any new, substituted or additional securities or other property which is issued or distributed with respect to the unvested Restricted
Shares shall be subject to the same terms and conditions as are applicable to the unvested Restricted Shares under this Agreement and the Plan. 

3.    Special Acceleration. 

(a)    To the extent the Restricted Shares are outstanding at the time of a Corporate Transaction, but not otherwise fully
vested, such Restricted Shares shall automatically accelerate immediately prior to the effective date of the Corporate Transaction and shall become vested in full at that time. No such acceleration, however, shall occur if and to the extent:
(i) this Stock Grant Agreement is, in connection with the Corporate Transaction, assumed by the successor corporation (or parent thereof), or (ii) the Restricted Shares are replaced with a cash incentive program of the successor
corporation which preserves the Fair Market Value of the Restricted Shares at the time of the Corporate Transaction and provides for subsequent pay-out in accordance with the vesting schedule set forth in
Section 2 above. 
 (b)    Immediately following the effective date of the Corporate Transaction, this Stock Grant
Agreement shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation (or parent thereof) in connection with the Corporate Transaction. 

(c)    If this Stock Grant Agreement is assumed in connection with a Corporate Transaction, then the Committee shall
appropriately adjust the number of shares and the kind of shares or securities covered by this Stock Grant Agreement immediately after such Corporate Transaction. 

(d)    This Stock Grant Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize
or otherwise change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

4.    Restriction on Election to Recognize Income in the Year of Grant. Under Section 83 of the Code,
the Fair Market Value of the Restricted Shares on the date the Restricted Shares vest will be taxable as ordinary income at that time. You understand, acknowledge and agree that, as a condition to the grant of this Award, you may not elect to be
taxed at the time the Restricted Shares are acquired by filing an election under Section 83(b) of the Code with the Internal Revenue Service. 

5.    Withholding Taxes. In order to receive any Shares or other benefit in relation to the Stock Grant, you
agree to make arrangements satisfactory to the Company for the satisfaction of any applicable withholding tax obligations that arise in connection with the Restricted Shares which, at the sole discretion of the Company, may include (i) having
the Company withhold Shares from the Restricted Shares held in escrow, or (ii) any other arrangement approved by the Company, in any case, equal in value to the amount necessary to satisfy any such withholding tax obligation. Such Shares shall
be valued based on the Fair Market Value as of the day prior to the date that the amount of tax to be withheld is to be determined under applicable law. The Company shall not be required to release the Restricted Shares from the stop-transfer
instructions or escrow unless and until such obligations are satisfied. 

 6.    Tax Advice. You represent, warrant and acknowledge
that the Company has made no warranties or representations to you with respect to the income tax consequences of the transactions contemplated by this Agreement, and you are in no manner relying on the Company or the Company’s representatives
for an assessment of such tax consequences. YOU UNDERSTAND THAT THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN TAX ADVISOR REGARDING ANY STOCK GRANT AWARD. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND
CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER PENALTIES. 

7.    Non-Transferability of Restricted Shares. Restricted Shares
which have not vested pursuant to Section 2 above shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by the operation of law.
However, this Section 7 shall not preclude you from designating a beneficiary who will receive any vested Restricted Shares in the event of your death, nor shall it preclude a transfer of vested Restricted Shares by will or by the laws of
descent and distribution. 
 8.    Restriction on Transfer. Regardless of whether the transfer or issuance
of the Restricted Shares has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose additional restrictions upon the sale, pledge, or other transfer of the
Restricted Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s counsel, such
restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law. 

9.    Stock Certificate Restrictive Legends. Stock certificates evidencing the Restricted Shares may
bear such restrictive legends as the Company and the Company’s counsel deem necessary under applicable law or pursuant to this Agreement. 

10.    Representations, Warranties, Covenants, and Acknowledgments. You hereby agree that in the event the
Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Restricted Shares may be conditioned upon you making certain representations, warranties, and acknowledgments
relating to compliance with applicable securities laws. 
 11.    Voting, Dividend and Other Rights.
Subject to the terms of this Agreement, you shall have all the rights and privileges of a shareholder of the Company while the Restricted Shares are subject to stop-transfer instructions, or otherwise held in escrow, including the right to vote. To
the extent any Restricted Shares have not vested pursuant to Section 2 above, no dividends or other distributions shall be accrued, paid or distributed to you. 

12.    Authorization to Release and Transfer Necessary Personal Information. 

(a)    You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other
form, of your personal information as described in this Agreement by and among, as applicable, the Employer, and the Company and its Parent, Subsidiaries and Affiliates for the exclusive purpose of implementing, administering and managing your
participation in the Plan. 
 (b)    You understand that the Company and the Employer may hold certain
personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number (or any other social or national identification number), salary, nationality, job title, residency
status, any Shares or directorships held in the Company, details of all Awards or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding (the “Data”) for the purpose of implementing, administering and
managing your participation in the Plan. You understand that the Data may be transferred to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties assisting in the implementation, administration and management of the
Plan, that these recipients may be located in your country or elsewhere, including outside the European Economic Area, and that the recipient’s country (e.g., the United States) may have different data privacy laws and protections than your
country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the recipients to receive, possess, use, retain and
transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to a broker or other third party assisting with the
administration of this Stock Grant Award under the Plan or with whom Shares acquired pursuant to this Stock Grant Award or cash from the sale of such Shares may be deposited. Furthermore, you acknowledge and understand that the transfer of the Data
to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties is necessary for your participation in the Plan. 

(c)    You understand that the Data will be held only as long as is necessary to implement, administer and manage
your participation in the Plan. You understand that you may, at any time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents
herein by contacting your local human resources representative in writing. Further, you understand that you are providing the consents herein on a purely voluntary basis. If you do not consent, or if you later seek to revoke your consent, your
employment status or service and career with the Employer will not be adversely affected; the only adverse consequence of refusing or withdrawing your consent is that the Company would not be able to grant you this Stock Grant Award or other equity
awards, or administer or maintain such awards. You further acknowledge that withdrawal of consent may affect your ability to vest in or realize benefits from this Stock Grant Award and your ability to participate in the Plan. For more information on
the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 

(d)    The collection, use and transfer of Data for the purpose of implementing, administering and managing your
participation in the Plan is conducted in accordance with the Company’s Global HR Data Protection Policy. 

13.    No Entitlement or Claims for Compensation. As a condition to, and in consideration of, the grant,
vesting, and settlement of the Stock Grant, and in receiving the Stock Grant, Shares, or any benefit relating to the Stock Grant, you acknowledge and agree that: 

(a)    Your rights, if any, in respect of or in connection with this Stock Grant Award or any other Award is derived
solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. By accepting this Stock Grant Award, you expressly acknowledge that there is no obligation on the part of the
Company to continue the Plan and/or grant any additional Awards to you. This Stock Grant Award is not intended to be compensation of a continuing or recurring nature, or part of your normal or expected compensation, and in no way represents any
portion of your salary, compensation, or other remuneration for purposes of pension benefits, severance, redundancy, resignation or any other purpose. 

(b)    Neither the Plan nor this Stock Grant Award or any other Award granted under the Plan shall be deemed to give you a
right to remain an Employee, Consultant or director of the Company, a Parent, a Subsidiary or an Affiliate. The Company and its Parents and Subsidiaries and Affiliates reserve the right to terminate your Service at any time, with or without cause,
and for any reason, subject to 

 
applicable laws, the Company’s Articles of Incorporation and Bylaws and a written employment agreement (if any), and you shall be deemed irrevocably to have waived any claim to
damages or specific performance for breach of contract or dismissal, compensation for loss of office, tort or otherwise with respect to the Plan, this Stock Grant Award or any outstanding Award that is forfeited and/or is terminated by its terms or
to any future Award. 
 (c)    You agree that the Company may require that Restricted Shares be held by a broker
designated by the Company. In addition, you agree that your rights hereunder shall be subject to set-off by the Company for any valid debts you owe the Company. 

14.    Governing Law and Forum. This Agreement shall be governed by and construed in accordance with the
laws of the State of California without regard to the conflict of laws principles thereof. For purposes of litigating any dispute that may arise directly or indirectly from this Agreement, the parties hereby submit and consent to litigation in the
exclusive jurisdiction of the State of California and agree that any such litigation shall be conducted only in the courts of California or the federal courts for the United States for the Northern District of California and no other courts. 

15.    Notices. Any notice required or permitted under the terms of this Agreement shall be in writing and
shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the U.S. mail, as certified or registered mail, with postage prepaid, and addressed to the
Company at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently modified by written notice to the other party. 

16.    Binding Effect. Subject to the limitations set forth in this Agreement, this Agreement shall be
binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

17.    Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall
be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

18.    Waiver. You agree that a waiver by the Company of a breach of any provision of this Agreement
shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by you or any other participant. 

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

20.     Committee Policies. This Stock Grant shall be subject to any special terms and conditions set forth
in any applicable policy (and any amendments thereto) that the Committee (or a designee of the Committee) has adopted or will adopt in the future, including, but not limited to, any policy related to the vesting or transfer of equity awards. 

21.    Acceptance of Agreement. You may accept this Award either by (a) clicking on the “I
agree” button below at any time before the First Vest Date or (b) doing nothing and your Award will be automatically accepted on your behalf on the First Vest Date. 

*                *       
         *                * 

By accepting your Award in accordance with Section 21 of this Agreement, you agree to be bound by the terms and conditions of this
Agreement. 
 PLEASE PRINT AND KEEP A COPY FOR YOUR RECORDS 

 (For Grants Beginning in June 2017 and 

Prior to September 2017) 

CISCO SYSTEMS, INC. 

STOCK GRANT AGREEMENT 

This Stock Grant Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by and between Cisco
Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005 Stock Incentive Plan (the “Plan”). The material terms of this Stock Grant Award are as follows: 

 

			
	 Employee ID:
	 	 
		
	 Grant Date:
	 	 
		
	 Grant Number:
	 	 
		
	 Restricted Shares:
	 	 
		
	 First Vest Date:
	 	                                ,20    
                            

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning ascribed to them in
the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, and as a condition to and in
consideration of the grant, vesting, and settlement of the Stock Grant and your receipt of any Shares or any related benefit thereunder, the parties agree as follows: 

1.    Restricted Shares. Pursuant to the Plan, the Company hereby transfers to you, and you hereby accept
from the Company, a Stock Grant Award consisting of the Restricted Shares, on the terms and conditions set forth herein and in the Plan. By accepting (whether in writing, electronically or otherwise) the Stock Grant, or by otherwise receiving the
Stock Grant, Shares, or any benefit relating thereto, you acknowledge that the Stock Grant and any Shares issued thereunder and your participation in the Plan are subject to such terms and conditions, and you agree to such terms and conditions. 

2.    Vesting of Restricted Shares. So long as your Service continues, the Restricted Shares shall vest in
accordance with the following schedule:                      percent (        %) of the total
number of Restricted Shares issued pursuant to this Agreement shall vest on the First Vest Date and on each annual anniversary thereafter, unless otherwise provided by the Plan or Section 3 below. In the event of the termination of your Service
for any reason, all unvested Restricted Shares shall be immediately forfeited without consideration. For purposes of facilitating the enforcement of the provisions of this Section 2, the Company may issue stop-transfer instructions on the
Restricted Shares to the Company’s transfer agent, or otherwise hold the Restricted Shares in escrow, until the Restricted Shares have vested and you have satisfied all applicable obligations with respect to the Restricted Shares, including any
applicable tax withholding obligations set forth in Section 5 below. Any new, substituted or additional securities or other property which is issued or distributed with respect to the unvested Restricted Shares shall be subject to the same
terms and conditions as are applicable to the unvested Restricted Shares under this Agreement and the Plan. 

3.    Special Acceleration. 

(a)    To the extent the Restricted Shares are outstanding at the time of a Corporate Transaction, but not otherwise fully
vested, such Restricted Shares shall automatically accelerate immediately prior to the effective date of the Corporate Transaction and shall become vested in full at that time. No such acceleration, however, shall occur if and to the extent:
(i) this Stock Grant Agreement is, in connection with the Corporate Transaction, assumed by the successor corporation (or parent thereof), or (ii) the Restricted Shares are replaced with a cash incentive program of the successor
corporation which preserves the Fair Market Value of the Restricted Shares at the time of the Corporate Transaction and provides for subsequent pay-out in accordance with the vesting schedule set forth in
Section 2 above. 
 (b)    Immediately following the effective date of the Corporate Transaction, this Stock Grant
Agreement shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation (or parent thereof) in connection with the Corporate Transaction. 

(c)    If this Stock Grant Agreement is assumed in connection with a Corporate Transaction, then the Committee shall
appropriately adjust the number of shares and the kind of shares or securities covered by this Stock Grant Agreement immediately after such Corporate Transaction. 

(d)    This Stock Grant Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize
or otherwise change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

4.    Restriction on Election to Recognize Income in the Year of Grant. Under Section 83 of the Code,
the Fair Market Value of the Restricted Shares on the date the Restricted Shares vest will be taxable as ordinary income at that time. You understand, acknowledge and agree that, as a condition to the grant of this Award, you may not elect to be
taxed at the time the Restricted Shares are acquired by filing an election under Section 83(b) of the Code with the Internal Revenue Service. 

5.    Withholding Taxes. In order to receive any Shares or other benefit in relation to the Stock Grant, you
agree to make arrangements satisfactory to the Company for the satisfaction of any applicable withholding tax obligations that arise in connection with the Restricted Shares which, at the sole discretion of the Company, may include (i) having
the Company withhold Shares from the Restricted Shares held in escrow, or (ii) any other arrangement approved by the Company, in any case, equal in value to the amount necessary to satisfy any such withholding tax obligation. Such Shares shall
be valued based on the Fair Market Value as of the day prior to the date that the amount of tax to be withheld is to be determined under applicable law. The Company shall not be required to release the Restricted Shares from the stop-transfer
instructions or escrow unless and until such obligations are satisfied. 

 6.    Tax Advice. You represent, warrant and acknowledge
that the Company has made no warranties or representations to you with respect to the income tax consequences of the transactions contemplated by this Agreement, and you are in no manner relying on the Company or the Company’s representatives
for an assessment of such tax consequences. YOU UNDERSTAND THAT THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN TAX ADVISOR REGARDING ANY STOCK GRANT AWARD. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND
CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER PENALTIES. 

7.    Non-Transferability of Restricted Shares. Restricted Shares
which have not vested pursuant to Section 2 above shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by the operation of law.
However, this Section 7 shall not preclude you from designating a beneficiary who will receive any vested Restricted Shares in the event of your death, nor shall it preclude a transfer of vested Restricted Shares by will or by the laws of
descent and distribution. 
 8.    Restriction on Transfer. Regardless of whether the transfer or issuance
of the Restricted Shares has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose additional restrictions upon the sale, pledge, or other transfer of the
Restricted Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s counsel, such
restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law. 

9.    Stock Certificate Restrictive Legends. Stock certificates evidencing the Restricted Shares may
bear such restrictive legends as the Company and the Company’s counsel deem necessary under applicable law or pursuant to this Agreement. 

10.    Representations, Warranties, Covenants, and Acknowledgments. You hereby agree that in the event the
Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Restricted Shares may be conditioned upon you making certain representations, warranties, and acknowledgments
relating to compliance with applicable securities laws. 
 11.    Voting and Other Rights. Subject to the
terms of this Agreement, you shall have all the rights and privileges of a shareholder of the Company while the Restricted Shares are subject to stop-transfer instructions, or otherwise held in escrow, including the right to vote and to receive
dividends (if any). 
 12.    Authorization to Release and Transfer Necessary Personal Information. 

(a)    You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other
form, of your personal information as described in this Agreement by and among, as applicable, the Employer, and the Company and its Parent, Subsidiaries and Affiliates for the exclusive purpose of implementing, administering and managing your
participation in the Plan. 
 (b)    You understand that the Company and the Employer may hold certain
personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number (or any other social or national identification number), salary, nationality, job title, residency
status, any Shares or directorships held in the Company, details of all Awards or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding (the “Data”) for the purpose of implementing, administering and
managing your participation in the Plan. You understand that the Data may be transferred to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties assisting in the implementation, administration and management of the
Plan, that these recipients may be located in your country or elsewhere, including outside the European Economic Area, and that the recipient’s country (e.g., the United States) may have different data privacy laws and protections than your
country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the recipients to receive, possess, use, retain and
transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to a broker or other third party assisting with the
administration of this Stock Grant Award under the Plan or with whom Shares acquired pursuant to this Stock Grant Award or cash from the sale of such Shares may be deposited. Furthermore, you acknowledge and understand that the transfer of the Data
to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties is necessary for your participation in the Plan. 

(c)    You understand that the Data will be held only as long as is necessary to implement, administer and manage
your participation in the Plan. You understand that you may, at any time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents
herein by contacting your local human resources representative in writing. Further, you understand that you are providing the consents herein on a purely voluntary basis. If you do not consent, or if you later seek to revoke your consent, your
employment status or service and career with the Employer will not be adversely affected; the only adverse consequence of refusing or withdrawing your consent is that the Company would not be able to grant you this Stock Grant Award or other equity
awards, or administer or maintain such awards. You further acknowledge that withdrawal of consent may affect your ability to vest in or realize benefits from this Stock Grant Award and your ability to participate in the Plan. For more information on
the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 

(d)    The collection, use and transfer of Data for the purpose of implementing, administering and managing your
participation in the Plan is conducted in accordance with the Company’s Global HR Data Protection Policy. 

13.    No Entitlement or Claims for Compensation. As a condition to, and in consideration of, the grant,
vesting, and settlement of the Stock Grant, and in receiving the Stock Grant, Shares, or any benefit relating to the Stock Grant, you acknowledge and agree that: 

(a)    Your rights, if any, in respect of or in connection with this Stock Grant Award or any other Award is derived
solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. By accepting this Stock Grant Award, you expressly acknowledge that there is no obligation on the part of the
Company to continue the Plan and/or grant any additional Awards to you. This Stock Grant Award is not intended to be compensation of a continuing or recurring nature, or part of your normal or expected compensation, and in no way represents any
portion of your salary, compensation, or other remuneration for purposes of pension benefits, severance, redundancy, resignation or any other purpose. 

 (b)    Neither the Plan nor this Stock Grant Award or any other Award
granted under the Plan shall be deemed to give you a right to remain an Employee, Consultant or director of the Company, a Parent, a Subsidiary or an Affiliate. The Company and its Parents and Subsidiaries and Affiliates reserve the right to
terminate your Service at any time, with or without cause, and for any reason, subject to applicable laws, the Company’s Articles of Incorporation and Bylaws and a written employment agreement (if any), and you shall be deemed
irrevocably to have waived any claim to damages or specific performance for breach of contract or dismissal, compensation for loss of office, tort or otherwise with respect to the Plan, this Stock Grant Award or any outstanding Award that is
forfeited and/or is terminated by its terms or to any future Award. 
 (c)    You agree that the Company may require
that Restricted Shares be held by a broker designated by the Company. In addition, you agree that your rights hereunder shall be subject to set-off by the Company for any valid debts you owe the Company. 

14.    Governing Law and Forum. This Agreement shall be governed by and construed in accordance with the
laws of the State of California without regard to the conflict of laws principles thereof. For purposes of litigating any dispute that may arise directly or indirectly from this Agreement, the parties hereby submit and consent to litigation in the
exclusive jurisdiction of the State of California and agree that any such litigation shall be conducted only in the courts of California or the federal courts for the United States for the Northern District of California and no other courts. 

15.    Notices. Any notice required or permitted under the terms of this Agreement shall be in writing and
shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the U.S. mail, as certified or registered mail, with postage prepaid, and addressed to the
Company at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently modified by written notice to the other party. 

16.    Binding Effect. Subject to the limitations set forth in this Agreement, this Agreement shall be
binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

17.    Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall
be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

18.    Waiver. You agree that a waiver by the Company of a breach of any provision of this Agreement
shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by you or any other participant. 

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

20.     Committee Policies. This Stock Grant shall be subject to any special terms and conditions set forth
in any applicable policy (and any amendments thereto) that the Committee (or a designee of the Committee) has adopted or will adopt in the future, including, but not limited to, any policy related to the vesting or transfer of equity awards. 

21.    Acceptance of Agreement. You may accept this Award either by (a) clicking on the “I
agree” button below at any time before the First Vest Date or (b) doing nothing and your Award will be automatically accepted on your behalf on the First Vest Date. 

*                *       
         *                * 

By accepting your Award in accordance with Section 21 of this Agreement, you agree to be bound by the terms and conditions of this
Agreement. 
 PLEASE PRINT AND KEEP A COPY FOR YOUR RECORDS 

 (For Grants Beginning in July 2016 

and Prior to June 2017) 

CISCO SYSTEMS, INC. 

STOCK GRANT AGREEMENT 

This Stock Grant Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by and between Cisco
Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005 Stock Incentive Plan (the “Plan”). The material terms of this Stock Grant Award are as follows: 

 

			
	 Employee ID:
	 	 
		
	 Grant Date:
	 	 
		
	 Grant Number:
	 	 
		
	 Restricted Shares:
	 	 
		
	 First Vest Date:
	 	                                ,20   
         (the first annual anniversary of the vesting commencement date)

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning ascribed to them in
the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, the parties agree as follows: 

1.    Restricted Shares. Pursuant to the Plan, the Company hereby transfers to you, and you hereby accept
from the Company, a Stock Grant Award consisting of the Restricted Shares, on the terms and conditions set forth herein and in the Plan. 

2.    Vesting of Restricted Shares. So long as your Service continues, the Restricted Shares shall vest in
accordance with the following schedule:                      percent (        %) of the total
number of Restricted Shares issued pursuant to this Agreement shall vest on the First Vest Date and on each annual anniversary thereafter, unless otherwise provided by the Plan or Section 3 below. In the event of the termination of your Service
for any reason, all unvested Restricted Shares shall be immediately forfeited without consideration. For purposes of facilitating the enforcement of the provisions of this Section 2, the Company may issue stop-transfer instructions on the
Restricted Shares to the Company’s transfer agent, or otherwise hold the Restricted Shares in escrow, until the Restricted Shares have vested and you have satisfied all applicable obligations with respect to the Restricted Shares, including any
applicable tax withholding obligations set forth in Section 5 below. Any new, substituted or additional securities or other property which is issued or distributed with respect to the unvested Restricted Shares shall be subject to the same
terms and conditions as are applicable to the unvested Restricted Shares under this Agreement and the Plan. 

3.    Special Acceleration. 

(a)    To the extent the Restricted Shares are outstanding at the time of a Corporate Transaction, but not otherwise fully
vested, such Restricted Shares shall automatically accelerate immediately prior to the effective date of the Corporate Transaction and shall become vested in full at that time. No such acceleration, however, shall occur if and to the extent:
(i) this Stock Grant Agreement is, in connection with the Corporate Transaction, assumed by the successor corporation (or parent thereof), or (ii) the Restricted Shares are replaced with a cash incentive program of the successor
corporation which preserves the Fair Market Value of the Restricted Shares at the time of the Corporate Transaction and provides for subsequent pay-out in accordance with the vesting schedule set forth in
Section 2 above. 
 (b)    Immediately following the effective date of the Corporate Transaction, this Stock Grant
Agreement shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation (or parent thereof) in connection with the Corporate Transaction. 

(c)    If this Stock Grant Agreement is assumed in connection with a Corporate Transaction, then the Committee shall
appropriately adjust the number of shares and the kind of shares or securities covered by this Stock Grant Agreement immediately after such Corporate Transaction. 

(d)    This Stock Grant Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize
or otherwise change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

4.    Restriction on Election to Recognize Income in the Year of Grant. Under Section 83 of the Code,
the Fair Market Value of the Restricted Shares on the date the Restricted Shares vest will be taxable as ordinary income at that time. You understand, acknowledge and agree that, as a condition to the grant of this Award, you may not elect to be
taxed at the time the Restricted Shares are acquired by filing an election under Section 83(b) of the Code with the Internal Revenue Service. 

5.    Withholding Taxes. You agree to make arrangements satisfactory to the Company for the satisfaction of
any applicable withholding tax obligations that arise in connection with the Restricted Shares which, at the sole discretion of the Company, may include (i) having the Company withhold Shares from the Restricted Shares held in escrow, or
(ii) any other arrangement approved by the Company, in any case, equal in value to the amount necessary to satisfy any such withholding tax obligation. Such Shares shall be valued based on the Fair Market Value as of the day prior to the date
that the amount of tax to be withheld is to be determined under applicable law. The Company shall not be required to release the Restricted Shares from the stop-transfer instructions or escrow unless and until such obligations are satisfied. 

 6.    Tax Advice. You represent, warrant and acknowledge
that the Company has made no warranties or representations to you with respect to the income tax consequences of the transactions contemplated by this Agreement, and you are in no manner relying on the Company or the Company’s representatives
for an assessment of such tax consequences. YOU UNDERSTAND THAT THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN TAX ADVISOR REGARDING ANY STOCK GRANT AWARD. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND
CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER PENALTIES. 

7.    Non-Transferability of Restricted Shares. Restricted Shares
which have not vested pursuant to Section 2 above shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by the operation of law.
However, this Section 7 shall not preclude you from designating a beneficiary who will receive any vested Restricted Shares in the event of the your death, nor shall it preclude a transfer of vested Restricted Shares by will or by the laws of
descent and distribution. 
 8.    Restriction on Transfer. Regardless of whether the transfer or issuance
of the Restricted Shares has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose additional restrictions upon the sale, pledge, or other transfer of the
Restricted Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s counsel, such
restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law. 

9.    Stock Certificate Restrictive Legends. Stock certificates evidencing the Restricted Shares may bear
such restrictive legends as the Company and the Company’s counsel deem necessary under applicable law or pursuant to this Agreement. 

10.    Representations, Warranties, Covenants, and Acknowledgments. You hereby agree that in the event the
Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Restricted Shares may be conditioned upon you making certain representations, warranties, and acknowledgments
relating to compliance with applicable securities laws. 
 11.    Voting and Other Rights. Subject to the
terms of this Agreement, you shall have all the rights and privileges of a shareholder of the Company while the Restricted Shares are subject to stop-transfer instructions, or otherwise held in escrow, including the right to vote and to receive
dividends (if any). 
 12.    Authorization to Release Necessary Personal Information. 

(a)    You hereby authorize and direct your employer to collect, use and transfer in electronic or other form, any
personal information (the “Data”) regarding your employment, the nature and amount of your compensation and the facts and conditions of your participation in the Plan (including, but not limited to, your name, home address, telephone
number, date of birth, social security number (or any other social or national identification number), salary, nationality, job title, number of Shares held and the details of all Awards or any other entitlement to Shares awarded, cancelled,
exercised, vested, unvested or outstanding) for the purpose of implementing, administering and managing your participation in the Plan. You understand that the Data may be transferred to the Company or any of its Subsidiaries, or to any third
parties assisting in the implementation, administration and management of the Plan, including any requisite transfer to a broker or other third party assisting with the administration of this Stock Grant Award under the Plan or with whom Shares
acquired pursuant to this Stock Grant Award or cash from the sale of such shares may be deposited. You acknowledge that recipients of the Data may be located in different countries, and those countries may have data privacy laws and protections
different from those in the country of your residence. Furthermore, you acknowledge and understand that the transfer of the Data to the Company or any of its Subsidiaries, or to any third parties is necessary for your participation in the Plan. 

(b)    You may at any time withdraw the consents herein by contacting your local human resources representative in
writing. You further acknowledge that withdrawal of consent may affect your ability to exercise or realize benefits from this Stock Grant Award, and your ability to participate in the Plan. 

13.    No Entitlement or Claims for Compensation. 

(a)    Your rights, if any, in respect of or in connection with this Stock Grant Award or any other Award is derived
solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. By accepting this Stock Grant Award, you expressly acknowledge that there is no obligation on the part of the
Company to continue the Plan and/or grant any additional Awards to you. This Stock Grant Award is not intended to be compensation of a continuing or recurring nature, or part of your normal or expected compensation, and in no way represents any
portion of a your salary, compensation, or other remuneration for purposes of pension benefits, severance, redundancy, resignation or any other purpose. 

(b)    Neither the Plan nor this Stock Grant Award or any other Award granted under the Plan shall be deemed to give you a
right to remain an Employee, Consultant or director of the Company, a Parent, a Subsidiary or an Affiliate. The Company and its Parents and Subsidiaries and Affiliates reserve the right to terminate your Service at any time, with or without cause,
and for any reason, subject to applicable laws, the Company’s Articles of Incorporation and Bylaws and a written employment agreement (if any), and you shall be deemed irrevocably to have waived any claim to damages or specific
performance for breach of contract or dismissal, compensation for loss of office, tort or otherwise with respect to the Plan, this Stock Grant Award or any outstanding Award that is forfeited and/or is terminated by its terms or to any future Award.

 (c)    You agree that the Company may require that Restricted Shares be held by a broker designated by the Company.
In addition, you agree that your rights hereunder shall be subject to set-off by the Company for any valid debts you owe the Company. 

14.    Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the
State of California without regard to the conflict of laws principles thereof. 
 15.    Notices. Any
notice required or permitted under the terms of this Agreement shall be in writing and shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the U.S.
mail, as certified or registered mail, with postage prepaid, and addressed to the Company at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently
modified by written notice to the other party. 

 16.    Binding Effect. Subject to the limitations set
forth in this Agreement, this Agreement shall be binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

17.    Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall
be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

 (For Grants Prior to July 2016) 

CISCO SYSTEMS, INC. 

STOCK GRANT AGREEMENT 
 This Stock
Grant Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by and between Cisco Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005
Stock Incentive Plan (the “Plan”). The material terms of this Stock Grant Award are as follows: 
  

			
	 Employee ID:
	 	 
		
	 Grant Date:
	 	 
		
	 Grant Number:
	 	 
		
	 Restricted Shares:
	 	 
		
	 First Vest Date:
	 	                                ,20   
         (the first annual anniversary of the vesting commencement date)

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning ascribed to them in
the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, the parties agree as follows: 

1.    Restricted Shares. Pursuant to the Plan, the Company hereby transfers to you, and you hereby accept from the
Company, a Stock Grant Award consisting of the Restricted Shares, on the terms and conditions set forth herein and in the Plan. 

2.    Vesting of Restricted Shares. So long as your Service continues, the Restricted Shares shall vest in accordance
with the following schedule:                     percent (          %) of the total number of
Restricted Shares issued pursuant to this Agreement shall vest on the First Vest Date and on each annual anniversary thereafter, unless otherwise provided by the Plan or Section 3 below. In the event of the termination of your Service for any
reason, all unvested Restricted Shares shall be immediately forfeited without consideration. For purposes of facilitating the enforcement of the provisions of this Section 2, the Company may issue stop-transfer instructions on the Restricted
Shares to the Company’s transfer agent, or otherwise hold the Restricted Shares in escrow, until the Restricted Shares have vested and you have satisfied all applicable obligations with respect to the Restricted Shares, including any applicable
tax withholding obligations set forth in Section 5 below. Any new, substituted or additional securities or other property which is issued or distributed with respect to the unvested Restricted Shares shall be subject to the same terms and
conditions as are applicable to the unvested Restricted Shares under this Agreement and the Plan. 
 3.    Special
Acceleration. 
 (a)    To the extent the Restricted Shares are outstanding at the time of a Corporate
Transaction, but not otherwise fully vested, such Restricted Shares shall automatically accelerate immediately prior to the effective date of the Corporate Transaction and shall become vested in full at that time. No such acceleration, however,
shall occur if and to the extent: (i) this Stock Grant Agreement is, in connection with the Corporate Transaction, assumed by the successor corporation (or parent thereof), or (ii) the Restricted Shares are replaced with a cash incentive
program of the successor corporation which preserves the Fair Market Value of the Restricted Shares at the time of the Corporate Transaction and provides for subsequent pay-out in accordance with the vesting
schedule set forth in Section 2 above. 
 (b)    Immediately following the effective date of the Corporate
Transaction, this Stock Grant Agreement shall terminate and cease to be outstanding, except to the extent assumed by the successor corporation (or parent thereof) in connection with the Corporate Transaction. 

(c)    If this Stock Grant Agreement is assumed in connection with a Corporate Transaction, then the Committee shall
appropriately adjust the number of shares and the kind of shares or securities covered by this Stock Grant Agreement immediately after such Corporate Transaction. 

(d)    To the extent the Restricted Shares are outstanding at the time of a Change in Control but not otherwise fully
vested, such Restricted Shares shall automatically accelerate immediately prior to the effective date of the Change in Control and shall become vested in full at that time. 

(e)    This Stock Grant Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize
or otherwise change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

4.    Restriction on Election to Recognize Income in the Year of Grant. Under Section 83 of the Code, the Fair
Market Value of the Restricted Shares on the date the Restricted Shares vest will be taxable as ordinary income at that time. You understand, acknowledge and agree that, as a condition to the grant of this Award, you may not elect to be taxed at the
time the Restricted Shares are acquired by filing an election under Section 83(b) of the Code with the Internal Revenue Service. 

5.    Withholding Taxes. You agree to make arrangements satisfactory to the Company for the satisfaction of any
applicable withholding tax obligations that arise in connection with the Restricted Shares which, at the sole discretion of the Company, may include (i) having the Company withhold Shares from the Restricted Shares held in escrow, or
(ii) any other arrangement approved by the Company, in any case, equal in value to the amount necessary to satisfy any such withholding tax obligation. Such Shares shall be valued based on the Fair Market Value as of the day prior to the date
that the amount of tax to be withheld is to be determined under applicable law. The Company shall not be required to release the Restricted Shares from the stop-transfer instructions or escrow unless and until such obligations are satisfied. 

 6.    Tax Advice. You represent, warrant and acknowledge that the
Company has made no warranties or representations to you with respect to the income tax consequences of the transactions contemplated by this Agreement, and you are in no manner relying on the Company or the Company’s representatives for an
assessment of such tax consequences. 
 YOU UNDERSTAND THAT THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN TAX ADVISOR
REGARDING ANY STOCK GRANT AWARD. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER PENALTIES. 

7.    Non-Transferability of Restricted Shares. Restricted Shares which have
not vested pursuant to Section 2 above shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by the operation of law. However, this
Section 7 shall not preclude you from designating a beneficiary who will receive any vested Restricted Shares in the event of the your death, nor shall it preclude a transfer of vested Restricted Shares by will or by the laws of descent and
distribution. 
 8.    Restriction on Transfer. Regardless of whether the transfer or issuance of the Restricted
Shares has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose additional restrictions upon the sale, pledge, or other transfer of the Restricted Shares
(including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s counsel, such restrictions are
necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law. 

9.    Stock Certificate Restrictive Legends. Stock certificates evidencing the Restricted Shares may bear such
restrictive legends as the Company and the Company’s counsel deem necessary under applicable law or pursuant to this Agreement. 

10.    Representations, Warranties, Covenants, and Acknowledgments. You hereby agree that in the event the Company
and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Restricted Shares may be conditioned upon you making certain representations, warranties, and acknowledgments relating
to compliance with applicable securities laws. 
 11.    Voting and Other Rights. Subject to the terms of this
Agreement, you shall have all the rights and privileges of a shareholder of the Company while the Restricted Shares are subject to stop-transfer instructions, or otherwise held in escrow, including the right to vote and to receive dividends (if
any). 
 12.    Authorization to Release Necessary Personal Information. 

(a)    You hereby authorize and direct your employer to collect, use and transfer in electronic or other form, any
personal information (the “Data”) regarding your employment, the nature and amount of your compensation and the facts and conditions of your participation in the Plan (including, but not limited to, your name, home address, telephone
number, date of birth, social security number (or any other social or national identification number), salary, nationality, job title, number of Shares held and the details of all Awards or any other entitlement to Shares awarded, cancelled,
exercised, vested, unvested or outstanding) for the purpose of implementing, administering and managing your participation in the Plan. You understand that the Data may be transferred to the Company or any of its Subsidiaries, or to any third
parties assisting in the implementation, administration and management of the Plan, including any requisite transfer to a broker or other third party assisting with the administration of this Stock Grant Award under the Plan or with whom Shares
acquired pursuant to this Stock Grant Award or cash from the sale of such shares may be deposited. You acknowledge that recipients of the Data may be located in different countries, and those countries may have data privacy laws and protections
different from those in the country of your residence. Furthermore, you acknowledge and understand that the transfer of the Data to the Company or any of its Subsidiaries, or to any third parties is necessary for your participation in the Plan. 

(b)    You may at any time withdraw the consents herein by contacting your local human resources representative in
writing. You further acknowledge that withdrawal of consent may affect your ability to exercise or realize benefits from this Stock Grant Award, and your ability to participate in the Plan. 

13.    No Entitlement or Claims for Compensation. 

(a)    Your rights, if any, in respect of or in connection with this Stock Grant Award or any other Award is derived
solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. By accepting this Stock Grant Award, you expressly acknowledge that there is no obligation on the part of the
Company to continue the Plan and/or grant any additional Awards to you. This Stock Grant Award is not intended to be compensation of a continuing or recurring nature, or part of your normal or expected compensation, and in no way represents any
portion of a your salary, compensation, or other remuneration for purposes of pension benefits, severance, redundancy, resignation or any other purpose. 

(b)    Neither the Plan nor this Stock Grant Award or any other Award granted under the Plan shall be deemed to give you a
right to remain an Employee, Consultant or director of the Company, a Parent, a Subsidiary or an Affiliate. The Company and its Parents and Subsidiaries and Affiliates reserve the right to terminate your Service at any time, with or without cause,
and for any reason, subject to applicable laws, the Company’s Articles of Incorporation and Bylaws and a written employment agreement (if any), and you shall be deemed irrevocably to have waived any claim to damages or specific performance for
breach of contract or dismissal, compensation for loss of office, tort or otherwise with respect to the Plan, this Stock Grant Award or any outstanding Award that is forfeited and/or is terminated by its terms or to any future Award. 

(c)    You agree that the Company may require that Restricted Shares be held by a broker designated by the Company. In
addition, you agree that your rights hereunder shall be subject to set-off by the Company for any valid debts you owe the Company. 

14.    Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of
California without regard to the conflict of laws principles thereof. 

 15.    Notices. Any notice required or permitted under the terms of
this Agreement shall be in writing and shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the U.S. mail, as certified or registered mail, with
postage prepaid, and addressed to the Company at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently modified by written notice to the other
party. 
 16.    Binding Effect. Subject to the limitations set forth in this Agreement, this Agreement shall be
binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

17.    Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall be
adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

 (For Grants Beginning in September 2020) 

CISCO SYSTEMS, INC. 

PERFORMANCE-BASED STOCK UNIT AGREEMENT 

This Performance-Based Stock Unit Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by
and between Cisco Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005 Stock Incentive Plan (the “Plan”). The material terms of this Stock Unit Award are as follows: 

 

					
			
	Employee ID:	 	 	 	
			
	Grant Date:	 	 	 	
			
	Grant Number:	 	 	 	
			
	Target Amount of Performance-Based Stock Units:	 	 	 	
			
	Vest Date:	 	 	 	

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning
ascribed to them in the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, and as a condition to and in
consideration of the grant, vesting, and settlement of the Performance-Based Stock Units and your receipt of any Shares or any related benefit thereunder, the parties agree as follows: 

1.    Performance-Based Stock Units. Pursuant to the Plan, the Company hereby grants to you and you hereby
accept from the Company, Performance-Based Stock Units, each of which is a bookkeeping entry representing the equivalent in value of one (1) Share, on the terms and conditions set forth herein and in the Plan. By accepting (whether in writing,
electronically or otherwise) the Performance-Based Stock Units, or by otherwise receiving the Performance-Based Stock Units, Shares, or any benefit relating thereto, you acknowledge that the Performance-Based Stock Units and any Shares issued
thereunder and your participation in the Plan are subject to such terms and conditions, and you agree to such terms and conditions. The Target Amount of Performance-Based Stock Units stated above reflects the target number of Performance-Based Stock
Units (the “Target Amount”). The number of Performance-Based Stock Units ultimately paid out to you will range from             % to
            % of the Target Amount as determined (i) based upon the Company’s performance during the performance period against the performance goals as set forth in the
Committee’s resolutions, dated                      (the “Performance Goals”) and (ii) by the basic formula contained in
the attached Exhibit A. In accordance therewith, the Committee has the right, in its sole discretion and for any reason, to reduce or eliminate the number of Performance-Based Stock Units that would otherwise be payable hereunder pursuant to the
immediately preceding sentence. 
 2.    Vesting of Performance-Based Stock Units. So long as your Service
continues and subject to, and to the extent of, the satisfaction of the Performance Goals, the Performance-Based Stock Units shall vest in accordance with the following schedule:
                    (            %) of the total number of
Performance-Based Stock Units earned, if any, pursuant to the satisfaction of the Performance Goals shall vest on the Vest Date, unless otherwise provided by the Plan or Sections 3(b) or 4 below. If you take a leave of absence, the Company may, at
its discretion and to the extent permitted under applicable local law, either suspend vesting during the period of leave or pro-rate the Performance-Based Stock Units, notwithstanding the Company’s
Vesting Policy for Leaves of Absence. 
 3.    Termination of Service. 

(a)    Except as otherwise provided in Section 3(b) below or Section 4, in the event of the termination of your
Service for any reason (whether or not in breach of local labor laws), all unvested Performance-Based Stock Units shall be immediately forfeited without consideration. For purposes of the preceding sentence, your right to vest in the
Performance-Based Stock Units will terminate effective as of the date that you are no longer actively providing Service (or earlier upon your “Separation from Service” within the meaning of Code Section 409A) and will not be extended
by any notice period mandated under local law (e.g., active Service would not include a period of “garden leave” or similar period pursuant to local law); the Company shall have the exclusive discretion to determine when you are no
longer actively providing Service for purposes of the Performance-Based Stock Units. 
 (b)    In the event that you
resign or your Service is terminated for any reason other than Cause on or after the date that (x) you have attained at least             
(        ) years of age and (y) your age plus your years of Service is at least equal to
                     (        ), and so long as such resignation or the termination of your
Service occurs no earlier than the                      anniversary of the Grant Date (the satisfaction of the aforementioned conditions is
referred to herein as “Retirement1” ), all unvested Performance-Based Stock Units may be earned pursuant to the satisfaction of the Performance Goals, and shall vest in accordance with
the vesting schedule set forth in Section 2 above, determined as if your Service had continued after your resignation or termination of Service, and shall be settled in accordance with Section 5(a); provided that any unsettled or unvested
Performance-Based Stock Units shall be forfeited without consideration immediately upon the breach of any of the following conditions: 

 (i)    Unless prohibited by applicable law, you shall render, as an
independent advisor or consultant and not as an Employee, such advisory or consulting services to the Company (or any Parent, Subsidiary or Affiliate) as shall reasonably be requested by the Company (or any Parent, Subsidiary or Affiliate), and such
services shall not be terminated for Cause (for purposes of clarity, any request to provide such advisory or consulting services to the Company (or any Parent, Subsidiary or Affiliate) shall not be considered a continuation of “Service”
unless the Company specifically provides that the continuation of services is a continuation of “Service” for purposes of this Section 3(b)). 

(ii)    For a period of             
(        ) year beginning on the date of your termination of Service or during any period in which you provide independent advisory or consulting services to the Company (or any Parent, Subsidiary or
Affiliate), you shall not directly or indirectly, individually or on behalf of other persons or entities, intentionally solicit or induce (a) any employee of the Company (or any Parent, Subsidiary or Affiliate) to leave the employee’s
employment in order to accept employment with another person or entity or (b) any customer of the Company (or any Parent, Subsidiary or Affiliate) with whom you have worked in your capacity as an Employee prior to your termination of Service
whose identity and/or any related information constitutes protected trade secrets (with such customers determined as of the date of the termination of your Service, to retain or use any other person or entity for the purpose of rendering services in
competition with the Company (or any Parent, Subsidiary or Affiliate) or to purchase products from any business which, in the opinion of the Company (or any Parent, Subsidiary or Affiliate), competes with or is in conflict with the interests of the
Company (or any Parent, Subsidiary or Affiliate), in either case, unless these restrictions are prohibited (whether in whole or in part) by applicable law. 

(iii)    For a period of             
(        ) year beginning on the date of your termination of Service or during any period in which you provide independent advisory or consulting services to the Company (or any Parent, Subsidiary or
Affiliate), you shall not render services for any organization or engage directly or indirectly in any business which, in the opinion of the Company, competes with or is in conflict with the interests of the Company (or any Parent, Subsidiary or
Affiliate), unless this restriction is prohibited by applicable law. 
  

	1 	 If you are subject to the employment protections of a country within the European Economic Area because you
reside in such country or are otherwise subject thereto, “Retirement” shall mean your years of Service is at least equal to             
(        ), regardless of your age, and the provisions concerning Retirement shall apply to you so long as the termination of your Service occurs no earlier than the
one-year anniversary of the Grant Date. In all cases, years of Service shall be determined based on the date you originally provided Service. If you previously terminated Service, but subsequently returned to
Service prior to the Grant Date, you will receive credit for your prior Service. 

 (iv)    You shall not, without prior written authorization from the
Company, use or disclose any confidential information or trade secrets concerning the Company (or any Parent, Subsidiary or Affiliate), in each case as determined by the Committee, and the Committee’s determination shall be conclusive and
binding. 
 (c)    Notwithstanding any provisions to the contrary in this Agreement, in the event of the termination of
your Service for Cause or in the event of the termination for Cause of any independent advisory or consulting services you may be providing as described in Section 3(b)(i), any unsettled or unvested Performance-Based Stock Units shall terminate
and be forfeited immediately without consideration. 
 4.    Special Acceleration. 

(a)    To the extent the Performance-Based Stock Units are outstanding at the time of a Corporate Transaction, such
Performance-Based Stock Units shall automatically become vested in full at the Target Amount immediately prior to the effective date of the Corporate Transaction and settled in accordance with Section 5 below. No such accelerated vesting,
however, shall occur if and to the extent: (i) these Performance-Based Stock Units are, in connection with the Corporate Transaction, either assumed by the successor corporation (or parent thereof) or replaced with comparable performance-based
stock units of the successor corporation (or parent thereof), in each case, having a minimum payout equal to the Target Amount and preserving the settlement provisions set forth in Section 5 below or (ii) these Performance-Based Stock
Units are replaced with a cash incentive program of the successor corporation which complies with Code Section 409A and, at a minimum, preserves the fair market value of the Performance-Based Stock Units at the time of the Corporate Transaction
(based on the Target Amount) and provides for subsequent pay-out in accordance with the settlement provisions set forth in Section 5 below. The determination of the comparability of performance-based
stock units under clause (i) shall be made by the Committee, and such determination shall be final, binding and conclusive. 

(b)    Immediately following the effective date of the Corporate Transaction, this Agreement shall terminate and cease to
be outstanding, except as set forth in Section 5 below with respect to the settlement of Performance-Based Stock Units or to the extent assumed by the successor corporation (or parent thereof) in connection with the Corporate Transaction. 

(c)    If this Agreement is assumed in connection with a Corporate Transaction, then the Committee shall appropriately
adjust the number of units and the kind of shares or securities to be issued pursuant to this Agreement immediately after such Corporate Transaction. 

(d)    This Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize or otherwise
change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

5.    Settlement of Performance-Based Stock Units. 

(a)    General Settlement Terms. The Performance-Based Stock Units, to the extent earned and vested hereunder
(including, without limitation by reason of Retirement), shall be automatically settled in Shares on the Vest Date (which constitutes a fixed payment date for purposes of Code Section 409A) or, if earlier, upon the earliest to occur of the
settlement events set forth below or in the Company’s Vesting Acceleration Policy for Death and Terminal Illness; it being understood that nothing herein shall limit the Company’s ability to amend or terminate such policy in its sole
discretion and without your consent. 
 (b)    Corporate Transaction. If, as of the Grant Date, you have not
satisfied and it is not possible for you to satisfy the age and Service Retirement conditions with respect to this Performance-Based Stock Unit award and this Performance-Based Stock Unit award is not assumed or replaced as described in
Section 4(a) in connection with a Corporate Transaction, then the Performance-Based Stock Units shall be automatically settled in Shares immediately prior to the effective date of the Corporate Transaction instead of on the Vest Date. 

(c)    The Company shall have no obligation to issue Shares pursuant to this Agreement unless and until you have satisfied
any applicable tax and/or other obligations pursuant to Section 6 below and such issuance otherwise complies with all applicable law. 

(d)    Notwithstanding anything in this Section 5 or in this Agreement, to the extent your Performance-Based Stock
Units would otherwise be settled upon your Separation from Service, such settlement shall instead occur upon the Company’s first business day following the six-month anniversary of your Separation from
Service. 
 (e)    Prior to the time that the Performance-Based Stock Units are settled, you shall have no rights other
than those of a general creditor of the Company. The Performance-Based Stock Units represent an unfunded and unsecured obligation of the Company. 

6.    Taxes. 

(a)    Regardless of any action the Company or your employer (the “Employer”) takes with respect to any and all
income tax, social taxes or insurance contributions, payroll tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you (“Tax-Related Items”), and as a condition to and in consideration of the grant, vesting, and settlement of the Performance-Based Stock Units, you acknowledge that the ultimate liability for all Tax-Related Items with respect to the Performance-Based Stock Units is and remains your responsibility and may exceed the amount, if any, actually withheld by the Company or the Employer. You further acknowledge
that the Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Performance-Based Stock Units,
including the grant, vesting or settlement of the Performance-Based Stock Units, or the subsequent sale of any Shares acquired at vesting or the receipt of any dividends with respect to such Shares; and (ii) do not commit to and are under no
obligation to structure the terms or any aspect of the Performance-Based Stock Units to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. Further, if you become
subject to taxation in more than one jurisdiction between the Grant Date and the date of any relevant taxable event, you acknowledge that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 

 (b)    Prior to any relevant tax, withholding or required deduction
event, as applicable, and in order to receive any Shares or other benefit in relation to the Performance-Based Stock Units, you agree to make arrangements satisfactory to the Company for the satisfaction of any applicable tax, withholding, required
deduction and payment on account of any obligations of the Company and/or the Employer that arise in connection with the Performance-Based Stock Units. In this regard, you authorize the Company and/or the Employer, or their respective agents, at
their discretion, to satisfy any obligations related to Tax-Related Items by one or a combination of the following: (1) withholding from your wages or other cash compensation payable to you by the Company
or the Employer; (2) withholding from proceeds of the sale of Shares acquired upon settlement of the Performance-Based Stock Units either through a voluntary sale or through a mandatory sale arranged by the Company (on your behalf pursuant to
this authorization); (3) withholding of Shares that would otherwise be issued upon settlement of the Performance-Based Stock Units; or (4) requiring you to satisfy the liability for Tax-Related Items by
means of any other arrangement approved by the Company. 
 (c)    If the obligation for
Tax-Related Items is satisfied by withholding Shares, for tax purposes, you are deemed to have been issued the full number of Shares subject to the vested Performance-Based Stock Units, notwithstanding that a
number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of your participation in the Plan. You agree to provide the Company and/or its stock plan
broker/administrator with the information necessary to manage your Tax-Related Items withholding and acknowledge that should you fail to provide such information on a timely basis, the Company and/or its stock
plan broker/administrator may be obligated to withhold amounts from you and it may be necessary for you to seek a refund directly from the tax authorities. Depending on the withholding method, the Company or Employer may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding amounts or other applicable withholding rates, including maximum applicable rates. 

(d)    Finally, you will pay to the Company or the Employer any amount of
Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of your participation in the Plan or your acquisition of Shares that cannot be satisfied by the means
previously described. The Company shall not be required to issue or deliver Shares pursuant to this Agreement unless and until such obligations are satisfied. 

7.    Tax and Legal Advice. You represent, warrant and acknowledge that neither the Company nor your
Employer have made any warranties or representations to you with respect to any Tax-Related Items, legal or financial consequences of the transactions contemplated by this Agreement, and you are in no manner
relying on the Company, your Employer or the Company’s or the Employer’s representatives for an assessment of such consequences. YOU UNDERSTAND THAT THE LAWS GOVERNING THIS AWARD ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN
PROFESSIONAL TAX, LEGAL AND FINANCIAL ADVISOR REGARDING ANY PERFORMANCE-BASED STOCK UNITS. YOU UNDERSTAND THAT THE COMPANY AND YOUR EMPLOYER ARE NOT PROVIDING ANY TAX, LEGAL, OR FINANCIAL ADVICE, NOR IS THE COMPANY OR YOUR EMPLOYER MAKING ANY
RECOMMENDATION REGARDING YOUR ACCEPTANCE OF THIS AWARD. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER OR OTHER PENALTIES. 

8.    Non-Transferability of Performance-Based Stock Units.
Performance-Based Stock Units shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation of law. 

9.    Restriction on Transfer. Regardless of whether the transfer or issuance of the Shares to be issued
pursuant to the Performance-Based Stock Units has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose additional restrictions upon the sale, pledge, or other
transfer of the Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s counsel, such
restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law including all applicable foreign laws. 

10.    Restrictive Legends and Stop-Transfer Instructions. Stock certificates evidencing the Shares issued
pursuant to the Performance-Based Stock Units may bear such restrictive legends and/or appropriate stop-transfer instructions may be issued to the Company’s transfer agent as the Company and the Company’s counsel deem necessary under
applicable law or pursuant to this Agreement. 
 11.    Representations, Warranties, Covenants, and
Acknowledgments. You hereby agree that in the event the Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Shares issued pursuant to the
Performance-Based Stock Units may be conditioned upon you making certain representations, warranties, and acknowledgments relating to compliance with applicable laws. 

12.    Voting, Dividend and Other Rights. Subject to the terms of this Agreement and except as set forth
below, you shall not have any voting rights or any other rights and privileges of a stockholder of the Company unless and until the Performance-Based Stock Units are settled in Shares. Dividend equivalents shall accrue on the Performance-Based Stock
Units and will be subject to the same conditions and restrictions as the Performance-Based Stock Units to which they attach as set forth in the Plan or this Agreement and to the extent vested will be settled in additional Shares upon the settlement
of the Performance-Based Stock Units as set forth in Section 5 above. 
 13.    Authorization to Release and
Transfer Necessary Personal Information. 
 (a)    You hereby explicitly and unambiguously consent to the
collection, use and transfer, in electronic or other form, of your personal information as described in this Agreement by and among, as applicable, the Employer, and the Company and its Parent, Subsidiaries and Affiliates for the exclusive purpose
of implementing, administering and managing your participation in the Plan. 
 (b)    You understand that
the Company and the Employer may hold certain personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number (or any other social or national identification
number), salary, nationality, job title, residency status, any Shares or directorships held in the Company, details of  

 
all Performance-Based Stock Units or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding (the “Data”) for the purpose of implementing,
administering and managing your participation in the Plan. You understand that Data may be transferred to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties assisting in the implementation, administration and
management of the Plan, that these recipients may be located in your country or elsewhere, including outside the European Economic Area, and that the recipient’s country (e.g., the United States) may have different data privacy laws and
protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the recipients to receive, possess,
use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to a broker or other third party
assisting with the administration of these Performance-Based Stock Units under the Plan or with whom Shares acquired pursuant to these Performance-Based Stock Units or cash from the sale of such Shares may be deposited. Furthermore, you acknowledge
and understand that the transfer of the Data to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties is necessary for your participation in the Plan. 

(c)    You understand that Data will be held only as long as is necessary to implement, administer and manage your
participation in the Plan. You understand that you may, at any time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents herein
by contacting your local human resources representative in writing. Further, you understand that you are providing the consents herein on a purely voluntary basis. If you do not consent, or if you later seek to revoke your consent, your employment
status or service and career with the Employer will not be affected; the only consequence of refusing or withdrawing your consent is that the Company would not be able to grant you Performance-Based Stock Units or other equity awards, or administer
or maintain such awards. You further acknowledge that withdrawal of consent may affect your ability to vest in or realize benefits from these Performance-Based Stock Units, and your ability to participate in the
Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 

(d)    The collection, use and transfer of Data for the purpose of implementing, administering and managing your
participation in the Plan is conducted in accordance with the Company’s Global HR Data Protection Policy. 

14.    No Entitlement or Claims for Compensation. As a condition to, and in consideration of, the grant,
vesting, and settlement of the Performance-Based Stock Units, and in receiving the Performance-Based Stock Units, Shares, or any benefit relating to the Performance-Based Stock Units, you acknowledge and agree that: 

(a)    Your rights, if any, in respect of or in connection with these Performance-Based Stock Units or
any other Award are derived solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. The Plan may be amended, suspended or terminated by the Company at any time, unless
otherwise provided in the Plan and this Agreement. 
 (b)    The grant of the Performance-Based Stock Units is
exceptional, voluntary and occasional and does not create any contractual or other right to receive future grants of Performance-Based Stock Units, even if Performance-Based Stock Units have been granted in the past. By accepting these
Performance-Based Stock Units, you expressly acknowledge that there is no obligation on the part of the Company to continue the Plan and/or grant any additional Performance-Based Stock Units to you or benefits in lieu of Restricted Stock Units. All
decisions with respect to future grants of Performance-Based Stock Units, if any, will be at the sole discretion of the Committee. 

(c)    The Performance-Based Stock Units and the Shares subject to the Performance-Based Stock Units, and the income and
value of the same are not intended to replace any pension rights or compensation and are not to be considered compensation of a continuing or recurring nature, or part of your normal or expected compensation, and in no way represent any portion of
your salary, compensation or other remuneration for any purpose, including but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, leave-related payments,
holiday pay, pension, retirement or welfare benefits or similar payments, and in no event should be considered as compensation for, or relating in any way to, past services for the Company, the Employer or any Parent, Subsidiary or Affiliate.
The value of the Performance-Based Stock Units is an extraordinary item that does not constitute compensation of any kind for services of any kind rendered to the Company, the Employer or any Parent, Subsidiary or Affiliate and
which is outside the scope of your written employment agreement (if any). 
 (d)    You acknowledge that you are
voluntarily participating in the Plan. 
 (e)    Neither the Plan nor these Performance-Based Stock Units or any other
Award granted under the Plan shall be deemed to give you a right to remain an Employee, Consultant or director of the Company, a Parent, Subsidiary or an Affiliate. The Employer reserves the right to terminate your Service at any time, with or
without cause, and for any reason, subject to applicable laws, the Company’s Articles of Incorporation and Bylaws, and a written employment agreement (if any). 

(f)    The grant of the Performance-Based Stock Units and your participation in the Plan will not be
interpreted to form or amend an employment contract or relationship with the Company, the Employer or any Parent, Subsidiary or Affiliate. 

(g)    The future value of the underlying Shares is unknown, indeterminable and cannot be predicted with certainty and if
you vest in the Performance-Based Stock Units and are issued Shares, the value of those Shares may increase or decrease. You also understand that neither the Company, nor the Employer or any Parent, Subsidiary or Affiliate is responsible for any
foreign exchange fluctuation between your Employer’s local currency and the United States Dollar that may affect the value of this Award. 

(h)    No claim or entitlement to compensation or damages shall arise from forfeiture of the Performance-Based Stock Units
resulting from termination of your Service by the Company or the Employer (for any reason whatsoever and whether or not later found to be invalid or in breach of the employment laws in the jurisdiction where you are employed or providing Service, or
the terms of your 

 
employment or service agreement, if any) and, in consideration of the grant of the Award to which you are not otherwise entitled, you irrevocably agree never to institute any claim against the
Employer, the Company or its Parent, Subsidiaries or Affiliates, waive your ability, if any, to bring any such claim, and release the Company and its Parent, Subsidiaries and Affiliates from any such claim; if notwithstanding the foregoing, any such
claim is allowed by a court of competent jurisdiction, then, by accepting the Award, you shall be deemed irrevocably to have agreed to not pursue such claim and agree to execute any and all documents necessary to request withdrawal from such claim.

 (i)    You agree that the Company may require Shares received pursuant to the Performance-Based Stock Units to be
held by a broker designated by the Company. 
 (j)    You agree that your rights hereunder (if any) shall be subject to set-off by the Company for any valid debts you owe the Company. 
 (k)    Unless
otherwise provided in the Plan or this Agreement, or by the Company in its discretion, the Performance-Based Stock Units evidenced by this Agreement do not create any entitlement to have the Performance-Based Stock Units transferred to, or assumed
by, another company, nor to be exchanged, cashed out or substituted for in connection with any Corporation Transaction affecting the Common Stock. 

15.    Governing Law and Forum. This Agreement shall be governed by and construed in accordance with the
laws of the State of California without regard to the conflict of laws principles thereof. For purposes of litigating any dispute that may arise directly or indirectly from this Agreement, the parties hereby submit and consent to litigation in the
exclusive jurisdiction of the State of California and agree that any such litigation shall be conducted only in the courts of California or the federal courts for the United States for the Northern District of California and no other courts. 

16.    Notices. Any notice required or permitted under the terms of this Agreement shall be in writing and
shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the mail, as certified or registered mail, with postage prepaid, and addressed to the Company
at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently modified by written notice to the other party. 

17.    Binding Effect. Subject to the limitations set forth in this Agreement, this Agreement shall be
binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

18.    Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall
be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

19.    Waiver. You agree that a waiver by the Company of a breach of any provision of this Agreement shall
not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by you or any other participant. 

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

21.    Language. If this Agreement or any other document related to the Plan is translated into a language
other than English and the meaning of the translated version is different from the English version, the English version will take precedence. 

22.    Exchange Control, Tax And/Or Foreign Asset/Account Reporting. You acknowledge that there may be
exchange control, tax, foreign asset and/or account reporting requirements which may affect your ability to acquire or hold Shares acquired under the Plan or cash received from participating in the Plan (including from any dividends paid on Shares
acquired under the Plan) in a brokerage or bank account or legal entity outside your country. You may be required to report such accounts, assets, the balances therein, the value thereof and/or the transactions related thereto to the tax or other
authorities in your country. You also may be required to repatriate sale proceeds or other funds received as a result of your participation in the Plan to your country through a designated bank or broker within a certain time after receipt. You
acknowledge that it is your responsibility to be compliant with such regulations and you should consult your personal legal advisor for details. 

23.    Appendix. Notwithstanding any provisions in this Agreement, the Performance-Based Stock Units shall
be subject to any special terms and conditions set forth in any Appendix to this Agreement for your country of residence. Moreover, if you relocate to one of the countries included in the Appendix, the special terms and conditions for such country
will apply to you, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this
Agreement. 
 24.    Committee Policies. The Performance-Based Stock Units shall be subject to any special
terms and conditions set forth in any applicable policy (and any amendments thereto) that the Committee (or a designee of the Committee) has adopted or will adopt in the future, including, but not limited to, any policy related to the vesting or
transfer of equity awards. 
 25.    Imposition of Other Requirements. The Company reserves the right to
impose other requirements on your participation in the Plan, on the Performance-Based Stock Units and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or
facilitate the administration of the Plan. You agree to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. Furthermore, you acknowledge that the laws of the country in which you are working at the time
of grant, vesting and settlement of the Performance-Based Stock Units or the sale of Shares received pursuant to this Agreement (including any rules or regulations governing securities, foreign exchange, tax, labor, or other matters) may subject you
to additional procedural or regulatory requirements that you are and will be solely responsible for and must fulfill. 

 26.    Acceptance of Agreement. You may accept this Award
either by (a) clicking on the “I agree” button below at any time before the Vest Date or (b) doing nothing and your Award will be automatically accepted on your behalf on the Vest Date. 

*                *       
         *                * 

By accepting your Award in accordance with Section 26 of this Agreement, you agree to be bound by the terms and conditions of this
Agreement. 
 PLEASE PRINT AND KEEP A COPY FOR YOUR RECORDS 

 (For Grants Beginning in September 2018 

and Prior to September 2020) 

CISCO SYSTEMS, INC. 

PERFORMANCE-BASED STOCK UNIT AGREEMENT 

This Performance-Based Stock Unit Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by
and between Cisco Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005 Stock Incentive Plan (the “Plan”). The material terms of this Stock Unit Award are as follows: 

 

					
			
	Employee ID:	 	 	 	
			
	Grant Date:	 	 	 	
			
	Grant Number:	 	 	 	
			
	Target Amount of Performance-Based Stock Units:	 	 	 	
			
	Vest Date:	 	 	 	

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning
ascribed to them in the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, and as a condition to and in
consideration of the grant, vesting, and settlement of the Performance-Based Stock Units and your receipt of any Shares or any related benefit thereunder, the parties agree as follows: 

1.    Performance-Based Stock Units. Pursuant to the Plan, the Company hereby grants to you and you hereby
accept from the Company, Performance-Based Stock Units, each of which is a bookkeeping entry representing the equivalent in value of one (1) Share, on the terms and conditions set forth herein and in the Plan. By accepting (whether in writing,
electronically or otherwise) the Performance-Based Stock Units, or by otherwise receiving the Performance-Based Stock Units, Shares, or any benefit relating thereto, you acknowledge that the Performance-Based Stock Units and any Shares issued
thereunder and your participation in the Plan are subject to such terms and conditions, and you agree to such terms and conditions. The Target Amount of Performance-Based Stock Units stated above reflects the target number of Performance-Based Stock
Units (the “Target Amount”). The number of Performance-Based Stock Units ultimately paid out to you will range from             % to
            % of the Target Amount as determined (i) based upon the Company’s performance during the performance period against the performance goals as set forth in the
Committee’s resolutions, dated                      (the “Performance Goals”) and (ii) by the basic formula contained in
the attached Exhibit A. In accordance therewith, the Committee has the right, in its sole discretion and for any reason, to reduce or eliminate the number of Performance-Based Stock Units that would otherwise be payable hereunder pursuant to the
immediately preceding sentence. 
 2.    Vesting of Performance-Based Stock Units. So long as your Service
continues and subject to, and to the extent of, the satisfaction of the Performance Goals, the Performance-Based Stock Units shall vest in accordance with the following schedule:
                     (            %) of the total number of
Performance-Based Stock Units earned, if any, pursuant to the satisfaction of the Performance Goals shall vest on the Vest Date, unless otherwise provided by the Plan or Sections 3(b) or 4 below. If you take a leave of absence, the Company may, at
its discretion and to the extent permitted under applicable local law, either suspend vesting during the period of leave or pro-rate the Performance-Based Stock Units, notwithstanding the Company’s
Vesting Policy for Leaves of Absence. 
 3.    Termination of Service. 

(a)    Except as otherwise provided in Section 3(b) below or Section 4, in the event of the termination of your
Service for any reason (whether or not in breach of local labor laws), all unvested Performance-Based Stock Units shall be immediately forfeited without consideration. For purposes of the preceding sentence, your right to vest in the
Performance-Based Stock Units will terminate effective as of the date that you are no longer actively providing Service (or earlier upon your “Separation from Service” within the meaning of Code Section 409A) and will not be extended
by any notice period mandated under local law (e.g., active Service would not include a period of “garden leave” or similar period pursuant to local law); the Company shall have the exclusive discretion to determine when you are no
longer actively providing Service for purposes of the Performance-Based Stock Units. 
 (b)    In the event that you
resign or your Service is terminated for any reason other than Cause on or after the date that (x) you have attained at least             
(        ) years of age and (y) your age plus your years of Service is at least equal to
                     (        ), and so long as such resignation or the termination of your
Service occurs no earlier than the                      anniversary of the Grant Date (the satisfaction of the aforementioned conditions is
referred to herein as “Retirement(1)” ), all unvested Performance-Based Stock Units may be earned pursuant to the satisfaction of the Performance Goals, and shall vest in accordance with
the vesting schedule set forth in Section 2 above, determined as if your Service had continued after your resignation or termination of Service, and shall be settled in accordance with Section 5(a); provided that any unsettled or unvested
Performance-Based Stock Units shall be forfeited without consideration immediately upon the breach of any of the following conditions: 

 (i)    Unless prohibited by applicable law, you shall render, as an
independent advisor or consultant and not as an Employee, such advisory or consulting services to the Company (or any Parent, Subsidiary or Affiliate) as shall reasonably be requested by the Company (or any Parent, Subsidiary or Affiliate), and such
services shall not be terminated for Cause (for purposes of clarity, any request to provide such advisory or consulting services to the Company (or any Parent, Subsidiary or Affiliate) shall not be considered a continuation of “Service”
unless the Company specifically provides that the continuation of services is a continuation of “Service” for purposes of this Section 3(b)). 

(ii)    For a period of             
(        ) year beginning on the date of your termination of Service or during any period in which you provide independent advisory or consulting services to the Company (or any Parent, Subsidiary or
Affiliate), you shall not directly or indirectly, individually or on behalf of other persons or entities, intentionally solicit or induce (a) any employee of the Company (or any Parent, Subsidiary or Affiliate) to leave the employee’s
employment in order to accept employment with another person or entity or (b) any customer of the Company (or any Parent, Subsidiary or Affiliate) with whom you have worked in your capacity as an Employee prior to your termination of Service
whose identity and/or any related information constitutes protected trade secrets (with such customers determined as of the date of the termination of your Service, to retain or use any other person or entity for the purpose of rendering services in
competition with the Company (or any Parent, Subsidiary or Affiliate) or to purchase products from any business which, in the opinion of the Company (or any Parent, Subsidiary or Affiliate), competes with or is in conflict with the interests of the
Company (or any Parent, Subsidiary or Affiliate), in either case, unless these restrictions are prohibited (whether in whole or in part) by applicable law. 

(iii)    For a period of             
(        ) year beginning on the date of your termination of Service or during any period in which you provide independent advisory or consulting services to the Company (or any Parent, Subsidiary or
Affiliate), you shall not render services for any organization or engage directly or indirectly in any business which, in the opinion of the Company, competes with or is in conflict with the interests of the Company (or any Parent, Subsidiary or
Affiliate), unless this restriction is prohibited by applicable law. 
 (iv)    You shall not, without prior written
authorization from the Company, use or disclose any confidential information or trade secrets concerning the Company (or any Parent, Subsidiary or Affiliate), in each case as determined by the Committee, and the Committee’s determination shall
be conclusive and binding. 
 (c)    Notwithstanding any provisions to the contrary in this Agreement, in the event of
the termination of your Service for Cause or in the event of the termination for Cause of any independent advisory or consulting services you may be providing as described in Section 3(b)(i), any unsettled or unvested Performance-Based Stock
Units shall terminate and be forfeited immediately without consideration. 
 4.    Special Acceleration.

 (a)    To the extent the Performance-Based Stock Units are outstanding at the time of a Corporate Transaction, such
Performance-Based Stock Units shall automatically become vested in full at the Target Amount immediately prior to the effective date of the Corporate Transaction and settled in accordance with Section 5 below. No such accelerated vesting,
however, shall occur if and to the extent: (i) these Performance-Based Stock Units are, in connection with the Corporate Transaction, either assumed by the successor corporation (or parent thereof) or replaced with comparable performance-based
stock units of the successor corporation (or parent thereof), in each case, having a minimum payout equal to the Target Amount and preserving the settlement provisions set forth in Section 5 below or (ii) these Performance-Based Stock
Units are replaced with a cash incentive program of the successor corporation which complies with Code Section 409A and, at a minimum, preserves the fair market value of the Performance-Based Stock Units at the time of the Corporate Transaction
(based on the Target Amount) and provides for subsequent pay-out in accordance with the settlement provisions set forth in Section 5 below. The determination of the comparability of performance-based
stock units under clause (i) shall be made by the Committee, and such determination shall be final, binding and conclusive. 
  

	(1)	 If you are subject to the employment protections of a country within the European Economic Area because you
reside in such country or are otherwise subject thereto, “Retirement” shall mean your years of Service is at least equal to             
(        ), regardless of your age, and the provisions concerning Retirement shall apply to you so long as the termination of your Service occurs no earlier than the
one-year anniversary of the Grant Date. In all cases, years of Service shall be determined based on the date you originally provided Service. If you previously terminated Service, but subsequently returned to
Service prior to the Grant Date, you will receive credit for your prior Service. 

 (b)    Immediately following the effective date of the Corporate
Transaction, this Agreement shall terminate and cease to be outstanding, except as set forth in Section 5 below with respect to the settlement of Performance-Based Stock Units or to the extent assumed by the successor corporation (or parent
thereof) in connection with the Corporate Transaction. 
 (c)    If this Agreement is assumed in connection with a
Corporate Transaction, then the Committee shall appropriately adjust the number of units and the kind of shares or securities to be issued pursuant to this Agreement immediately after such Corporate Transaction. 

(d)    This Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize or otherwise
change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

5.    Settlement of Performance-Based Stock Units. 

(a)    General Settlement Terms. The Performance-Based Stock Units, to the extent earned and vested hereunder
(including, without limitation by reason of Retirement), shall be automatically settled in Shares on the Vest Date (which constitutes a fixed payment date for purposes of Code Section 409A) or, if earlier, upon the earliest to occur of the
settlement events set forth below or in the Company’s Vesting Acceleration Policy for Death and Terminal Illness; it being understood that nothing herein shall limit the Company’s ability to amend or terminate such policy in its sole
discretion and without your consent. 
 (b)    Corporate Transaction. If, as of the Grant Date, you have not
satisfied and it is not possible for you to satisfy the age and Service Retirement conditions with respect to this Performance-Based Stock Unit award and this Performance-Based Stock Unit award is not assumed or replaced as described in
Section 4(a) in connection with a Corporate Transaction, then the Performance-Based Stock Units shall be automatically settled in Shares immediately prior to the effective date of the Corporate Transaction instead of on the Vest Date. 

(c)    The Company shall have no obligation to issue Shares pursuant to this Agreement unless and until you have satisfied
any applicable tax and/or other obligations pursuant to Section 6 below and such issuance otherwise complies with all applicable law. 

(d)    Notwithstanding anything in this Section 5 or in this Agreement, to the extent your Performance-Based Stock
Units would otherwise be settled upon your Separation from Service, such settlement shall instead occur upon the Company’s first business day following the six-month anniversary of your Separation from
Service. 
 (e)    Prior to the time that the Performance-Based Stock Units are settled, you shall have no rights other
than those of a general creditor of the Company. The Performance-Based Stock Units represent an unfunded and unsecured obligation of the Company. 

6.    Taxes. 

(a)    Regardless of any action the Company or your employer (the “Employer”) takes with respect to any and all
income tax, social taxes or insurance contributions, payroll tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you (“Tax-Related Items”), and as a condition to and in consideration of the grant, vesting, and settlement of the Performance-Based Stock Units, you acknowledge that the ultimate liability for all Tax-Related Items with respect to the Performance-Based Stock Units is and remains your responsibility and may exceed the amount, if any, actually withheld by the Company or the Employer. You further acknowledge
that the Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Performance-Based Stock Units,
including the grant, vesting or settlement of the Performance-Based Stock Units, or the subsequent sale of any Shares acquired at vesting or the receipt of any dividends with respect to such Shares; and (ii) do not commit to and are under no
obligation to structure the terms or any aspect of the Performance-Based Stock Units to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. Further, if you become
subject to taxation in more than one jurisdiction between the Grant Date and the date of any relevant taxable event, you acknowledge that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 
 (b)    Prior to any relevant tax,
withholding or required deduction event, as applicable, and in order to receive any Shares or other benefit in relation to the Performance-Based Stock Units, you agree to make arrangements satisfactory to the Company for the satisfaction of any
applicable tax, withholding, required deduction and payment on account of any obligations of the Company and/or the Employer that arise in connection with the Performance-Based Stock Units. In this regard, you authorize the Company and/or the
Employer, or their respective agents, at their discretion, to satisfy any obligations related to Tax-Related Items by one or a combination of the following: (1) withholding from your wages or other cash
compensation payable to you by the Company or the Employer; (2) withholding from proceeds of the sale of Shares acquired upon settlement of the Performance-Based Stock Units either through a voluntary sale or through a mandatory sale arranged
by the Company (on your behalf pursuant to this authorization); (3) withholding of Shares that would otherwise be issued upon settlement of the Performance-Based Stock Units; or (4) requiring you to satisfy the liability for Tax-Related Items by means of any other arrangement approved by the Company. 

(c)    If the obligation for Tax-Related Items is satisfied by withholding Shares,
for tax purposes, you are deemed to have been issued the full number of Shares subject to the vested Performance-Based Stock Units, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of your participation in the Plan. You agree to provide the Company and/or its stock plan broker/administrator with the information necessary to manage your Tax-Related Items withholding and acknowledge that should you fail to provide such information on a timely basis, the Company and/or its stock plan broker/administrator may be obligated to withhold amounts from you
and it may be necessary for you to seek a refund directly from the tax authorities. Depending on the withholding method, the Company or Employer may withhold or account for Tax-Related Items by considering
applicable minimum statutory withholding amounts or other applicable withholding rates, including maximum applicable rates. 

(d)    Finally, you will pay to the Company or the Employer any amount of
Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of your participation in the Plan or your acquisition of Shares that cannot be satisfied by the means
previously described. The Company shall not be required to issue or deliver Shares pursuant to this Agreement unless and until such obligations are satisfied. 

 7.    Tax and Legal Advice. You represent, warrant and
acknowledge that neither the Company nor your Employer have made any warranties or representations to you with respect to any Tax-Related Items, legal or financial consequences of the transactions contemplated
by this Agreement, and you are in no manner relying on the Company, your Employer or the Company’s or the Employer’s representatives for an assessment of such consequences. YOU UNDERSTAND THAT THE LAWS GOVERNING THIS AWARD ARE SUBJECT TO
CHANGE. YOU SHOULD CONSULT YOUR OWN PROFESSIONAL TAX, LEGAL AND FINANCIAL ADVISOR REGARDING ANY PERFORMANCE-BASED STOCK UNITS. YOU UNDERSTAND THAT THE COMPANY AND YOUR EMPLOYER ARE NOT PROVIDING ANY TAX, LEGAL, OR FINANCIAL ADVICE, NOR IS THE
COMPANY OR YOUR EMPLOYER MAKING ANY RECOMMENDATION REGARDING YOUR ACCEPTANCE OF THIS AWARD. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER OR OTHER PENALTIES. 

8.    Non-Transferability of Performance-Based Stock Units.
Performance-Based Stock Units shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation of law. 

9.    Restriction on Transfer. Regardless of whether the transfer or issuance of the Shares to be issued
pursuant to the Performance-Based Stock Units has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose additional restrictions upon the sale, pledge, or other
transfer of the Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s counsel, such
restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law including all applicable foreign laws. 

10.    Restrictive Legends and Stop-Transfer Instructions. Stock certificates evidencing the Shares issued
pursuant to the Performance-Based Stock Units may bear such restrictive legends and/or appropriate stop-transfer instructions may be issued to the Company’s transfer agent as the Company and the Company’s counsel deem necessary under
applicable law or pursuant to this Agreement. 
 11.    Representations, Warranties, Covenants, and
Acknowledgments. You hereby agree that in the event the Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Shares issued pursuant to the
Performance-Based Stock Units may be conditioned upon you making certain representations, warranties, and acknowledgments relating to compliance with applicable laws. 

12.    Voting and Other Rights. Subject to the terms of this Agreement, you shall not have any voting rights
or any other rights and privileges of a stockholder of the Company unless and until the Performance-Based Stock Units are settled in Shares. In addition, you shall not have any rights to dividend equivalent payments with respect to Performance-Based
Stock Units. 
 13.    Authorization to Release and Transfer Necessary Personal Information. 

(a)    You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other
form, of your personal information as described in this Agreement by and among, as applicable, the Employer, and the Company and its Parent, Subsidiaries and Affiliates for the exclusive purpose of implementing, administering and managing your
participation in the Plan. 
 (b)    You understand that the Company and the Employer may hold certain
personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number (or any other social or national identification number), salary, nationality, job title, residency
status, any Shares or directorships held in the Company, details of all Performance-Based Stock Units or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding (the “Data”) for the purpose of
implementing, administering and managing your participation in the Plan. You understand that Data may be transferred to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties assisting in the implementation,
administration and management of the Plan, that these recipients may be located in your country or elsewhere, including outside the European Economic Area, and that the recipient’s country (e.g., the United States) may have different data
privacy laws and protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the recipients to
receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to a broker or other
third party assisting with the administration of these Performance-Based Stock Units under the Plan or with whom Shares acquired pursuant to these Performance-Based Stock Units or cash from the sale of such Shares may be deposited. Furthermore, you
acknowledge and understand that the transfer of the Data to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties is necessary for your participation in the Plan. 

(c)    You understand that Data will be held only as long as is necessary to implement, administer and manage your
participation in the Plan. You understand that you may, at any time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents herein
by contacting your local human resources representative in writing. Further, you understand that you are providing the consents herein on a purely voluntary basis. If you do not consent, or if you later seek to revoke your consent, your employment
status or service and career with the Employer will not be affected; the only consequence of refusing or withdrawing your consent is that the Company would not be able to grant you Performance-Based Stock Units or other equity awards, or administer
or maintain such awards. You further acknowledge that withdrawal of consent may affect your ability to vest in or realize benefits from these Performance-Based Stock Units, and your ability to participate in the
Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 

(d)    The collection, use and transfer of Data for the purpose of implementing, administering and managing your
participation in the Plan is conducted in accordance with the Company’s Global HR Data Protection Policy. 

 14.    No Entitlement or Claims for Compensation. As a
condition to, and in consideration of, the grant, vesting, and settlement of the Performance-Based Stock Units, and in receiving the Performance-Based Stock Units, Shares, or any benefit relating to the Performance-Based Stock Units, you acknowledge
and agree that: 
 (a)    Your rights, if any, in respect of or in connection with these Performance-Based Stock
Units or any other Award are derived solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. The Plan may be amended, suspended or terminated by the
Company at any time, unless otherwise provided in the Plan and this Agreement. 
 (b)    The grant of the
Performance-Based Stock Units is exceptional, voluntary and occasional and does not create any contractual or other right to receive future grants of Performance-Based Stock Units, even if Performance-Based Stock Units have been granted in the past.
By accepting these Performance-Based Stock Units, you expressly acknowledge that there is no obligation on the part of the Company to continue the Plan and/or grant any additional Performance-Based Stock Units to you or benefits in lieu of
Restricted Stock Units. All decisions with respect to future grants of Performance-Based Stock Units, if any, will be at the sole discretion of the Committee. 

(c)    The Performance-Based Stock Units and the Shares subject to the Performance-Based Stock Units, and the income and
value of the same are not intended to replace any pension rights or compensation and are not to be considered compensation of a continuing or recurring nature, or part of your normal or expected compensation, and in no way represent any portion of
your salary, compensation or other remuneration for any purpose, including but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, leave-related payments,
holiday pay, pension, retirement or welfare benefits or similar payments, and in no event should be considered as compensation for, or relating in any way to, past services for the Company, the Employer or any Parent, Subsidiary or Affiliate. The
value of the Performance-Based Stock Units is an extraordinary item that does not constitute compensation of any kind for services of any kind rendered to the Company, the Employer or any Parent, Subsidiary or Affiliate and which is
outside the scope of your written employment agreement (if any). 
 (d)    You acknowledge that you are voluntarily
participating in the Plan. 
 (e)    Neither the Plan nor these Performance-Based Stock Units or any other Award granted
under the Plan shall be deemed to give you a right to remain an Employee, Consultant or director of the Company, a Parent, Subsidiary or an Affiliate. The Employer reserves the right to terminate your Service at any time, with or without cause, and
for any reason, subject to applicable laws, the Company’s Articles of Incorporation and Bylaws, and a written employment agreement (if any). 

(f)    The grant of the Performance-Based Stock Units and your participation in the Plan will not be
interpreted to form or amend an employment contract or relationship with the Company, the Employer or any Parent, Subsidiary or Affiliate. 

(g)    The future value of the underlying Shares is unknown, indeterminable and cannot be predicted with certainty and if
you vest in the Performance-Based Stock Units and are issued Shares, the value of those Shares may increase or decrease. You also understand that neither the Company, nor the Employer or any Parent, Subsidiary or Affiliate is responsible for any
foreign exchange fluctuation between your Employer’s local currency and the United States Dollar that may affect the value of this Award. 

(h)    No claim or entitlement to compensation or damages shall arise from forfeiture of the Performance-Based Stock Units
resulting from termination of your Service by the Company or the Employer (for any reason whatsoever and whether or not later found to be invalid or in breach of the employment laws in the jurisdiction where you are employed or providing Service, or
the terms of your employment or service agreement, if any) and, in consideration of the grant of the Award to which you are not otherwise entitled, you irrevocably agree never to institute any claim against the Employer, the Company or its Parent,
Subsidiaries or Affiliates, waive your ability, if any, to bring any such claim, and release the Company and its Parent, Subsidiaries and Affiliates from any such claim; if notwithstanding the foregoing, any such claim is allowed by a court of
competent jurisdiction, then, by accepting the Award, you shall be deemed irrevocably to have agreed to not pursue such claim and agree to execute any and all documents necessary to request withdrawal from such claim. 

(i)    You agree that the Company may require Shares received pursuant to the Performance-Based Stock Units to be held by
a broker designated by the Company. 
 (j)    You agree that your rights hereunder (if any) shall be subject to set-off by the Company for any valid debts you owe the Company. 
 (k)    Unless
otherwise provided in the Plan or this Agreement, or by the Company in its discretion, the Performance-Based Stock Units evidenced by this Agreement do not create any entitlement to have the Performance-Based Stock Units transferred to, or assumed
by, another company, nor to be exchanged, cashed out or substituted for in connection with any Corporation Transaction affecting the Common Stock. 

15.    Governing Law and Forum. This Agreement shall be governed by and construed in accordance with the
laws of the State of California without regard to the conflict of laws principles thereof. For purposes of litigating any dispute that may arise directly or indirectly from this Agreement, the parties hereby submit and consent to litigation in the
exclusive jurisdiction of the State of California and agree that any such litigation shall be conducted only in the courts of California or the federal courts for the United States for the Northern District of California and no other courts. 

16.    Notices. Any notice required or permitted under the terms of this Agreement shall be in writing and
shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the mail, as certified or registered mail, with postage prepaid, and addressed to the Company
at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently modified by written notice to the other party. 

17.    Binding Effect. Subject to the limitations set forth in this Agreement, this Agreement shall be
binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

 18.    Severability. If any provision of this Agreement is
held to be unenforceable for any reason, it shall be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and
enforceable to the full extent possible. 
 19.    Waiver. You agree that a waiver by the Company of a
breach of any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by you or any other participant. 

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

21.    Language. If this Agreement or any other document related to the Plan is translated into a language
other than English and the meaning of the translated version is different from the English version, the English version will take precedence. 

22.    Exchange Control, Tax And/Or Foreign Asset/Account Reporting. You acknowledge that there may be
exchange control, tax, foreign asset and/or account reporting requirements which may affect your ability to acquire or hold Shares acquired under the Plan or cash received from participating in the Plan (including from any dividends paid on Shares
acquired under the Plan) in a brokerage or bank account or legal entity outside your country. You may be required to report such accounts, assets, the balances therein, the value thereof and/or the transactions related thereto to the tax or other
authorities in your country. You also may be required to repatriate sale proceeds or other funds received as a result of your participation in the Plan to your country through a designated bank or broker within a certain time after receipt. You
acknowledge that it is your responsibility to be compliant with such regulations and you should consult your personal legal advisor for details. 

23.    Appendix. Notwithstanding any provisions in this Agreement, the Performance-Based Stock Units shall
be subject to any special terms and conditions set forth in any Appendix to this Agreement for your country of residence. Moreover, if you relocate to one of the countries included in the Appendix, the special terms and conditions for such country
will apply to you, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this
Agreement. 
 24.    Committee Policies. The Performance-Based Stock Units shall be subject to any special
terms and conditions set forth in any applicable policy (and any amendments thereto) that the Committee (or a designee of the Committee) has adopted or will adopt in the future, including, but not limited to, any policy related to the vesting or
transfer of equity awards. 
 25.    Imposition of Other Requirements. The Company reserves the
right to impose other requirements on your participation in the Plan, on the Performance-Based Stock Units and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law
or facilitate the administration of the Plan. You agree to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. Furthermore, you acknowledge that the laws of the country in which you are working at the
time of grant, vesting and settlement of the Performance-Based Stock Units or the sale of Shares received pursuant to this Agreement (including any rules or regulations governing securities, foreign exchange, tax, labor, or other matters) may
subject you to additional procedural or regulatory requirements that you are and will be solely responsible for and must fulfill. 

26.    Acceptance of Agreement. You may accept this Award either by (a) clicking on the “I
agree” button below at any time before the Vest Date or (b) doing nothing and your Award will be automatically accepted on your behalf on the Vest Date. 

*                *       
         *                * 

By accepting your Award in accordance with Section 26 of this Agreement, you agree to be bound by the terms and conditions of this
Agreement. 
 PLEASE PRINT AND KEEP A COPY FOR YOUR RECORDS 

 Exhibit A 

FORMULA FOR THE 
 CISCO
SYSTEMS, INC. 
 PERFORMANCE-BASED STOCK UNIT AGREEMENT 

 (For Grants Beginning in June 2017 

and Prior to September 2018) 

CISCO SYSTEMS, INC. 

PERFORMANCE-BASED STOCK UNIT AGREEMENT 

This Performance-Based Stock Unit Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by
and between Cisco Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005 Stock Incentive Plan (the “Plan”). The material terms of this Stock Unit Award are as follows: 

 

					
			
	Employee ID:	 	 	 	
			
	Grant Date:	 	 	 	
			
	Grant Number:	 	 	 	
			
	Target Amount of Performance-Based Stock Units:	 	 	 	
			
	Vest Date:	 	 	 	

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning
ascribed to them in the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, and as a condition to and in
consideration of the grant, vesting, and settlement of the Performance-Based Stock Units and your receipt of any Shares or any related benefit thereunder, the parties agree as follows: 

1.    Performance-Based Stock Units. Pursuant to the Plan, the Company hereby grants to you and you hereby
accept from the Company, Performance-Based Stock Units, each of which is a bookkeeping entry representing the equivalent in value of one (1) Share, on the terms and conditions set forth herein and in the Plan. By accepting (whether in writing,
electronically or otherwise) the Performance-Based Stock Units, or by otherwise receiving the Performance-Based Stock Units, Shares, or any benefit relating thereto, you acknowledge that the Performance-Based Stock Units and any Shares issued
thereunder and your participation in the Plan are subject to such terms and conditions, and you agree to such terms and conditions. The Target Amount of Performance-Based Stock Units stated above reflects the target number of Performance-Based Stock
Units (the “Target Amount”). The number of Performance-Based Stock Units ultimately paid out to you will range from ___% to ____% of the Target Amount as determined (i) based upon the Company’s performance during the performance
period against the performance goals as set forth in the Committee’s resolutions, dated __________________ (the “Performance Goals”) and (ii) by the basic formula contained in the attached Exhibit A. In accordance therewith, the
Committee has the right, in its sole discretion and for any reason, to reduce or eliminate the number of Performance-Based Stock Units that would otherwise be payable hereunder pursuant to the immediately preceding sentence. 

2.    Vesting of Performance-Based Stock Units. So long as your Service continues and subject to, and to the
extent of, the satisfaction of the Performance Goals, the Performance-Based Stock Units shall vest in accordance with the following schedule: _________ (____%) of the total number of Performance-Based Stock Units earned, if any, pursuant to the
satisfaction of the Performance Goals shall vest on the Vest Date, unless otherwise provided by the Plan or Sections 3(b) or 4 below. If you take a leave of absence, the Company may, at its discretion and to the extent permitted under applicable
local law, either suspend vesting during the period of leave or pro-rate the Performance-Based Stock Units, notwithstanding the Company’s Vesting Policy for Leaves of Absence. 

3.    Termination of Service. 

(a)    Except as otherwise provided in Section 3(b) below or Section 4, in the event of the termination of your
Service for any reason (whether or not in breach of local labor laws), all unvested Performance-Based Stock Units shall be immediately forfeited without consideration. For purposes of the preceding sentence, your right to vest in the
Performance-Based Stock Units will terminate effective as of the date that you are no longer actively providing Service (or earlier upon your “Separation from Service” within the meaning of Code Section 409A) and will not be extended
by any notice period mandated under local law (e.g., active Service would not include a period of “garden leave” or similar period pursuant to local law); the Company shall have the exclusive discretion to determine when you are no
longer actively providing Service for purposes of the Performance-Based Stock Units. 

 (b)    In the event that you resign or your Service is terminated for
any reason other than Cause on or after the date that (x) you have attained at least _____ (___) years of age and (y) your age plus your years of Service is at least equal to ____________ (_____), and so long as such resignation or the
termination of your Service occurs no earlier than the ________ anniversary of the Grant Date (the satisfaction of the aforementioned conditions is referred to herein as
“Retirement(1)”), all unvested Performance-Based Stock Units may be earned pursuant to the satisfaction of the Performance Goals, and shall vest in accordance with the vesting schedule
set forth in Section 2 above, determined as if your Service had continued after your resignation or termination of Service, and shall be settled in accordance with Section 5(a); provided that any unsettled or unvested Performance-Based
Stock Units shall be forfeited without consideration immediately upon the breach of any of the following conditions: 

(i)    Unless prohibited by applicable law, you shall render, as an independent advisor or consultant and not as an
Employee, such advisory or consulting services to the Company (or any Parent, Subsidiary or Affiliate) as shall reasonably be requested by the Company (or any Parent, Subsidiary or Affiliate), and such services shall not be terminated for Cause (for
purposes of clarity, any request to provide such advisory or consulting services to the Company (or any Parent, Subsidiary or Affiliate) shall not be considered a continuation of “Service” unless the Company specifically provides that the
continuation of services is a continuation of “Service” for purposes of this Section 3(b)). 

(ii)    For a period of _____ (__) year beginning on the date of your termination of Service or during any period in
which you provide independent advisory or consulting services to the Company (or any Parent, Subsidiary or Affiliate), you shall not directly or indirectly, individually or on behalf of other persons or entities, intentionally solicit or induce
(a) any employee of the Company (or any Parent, Subsidiary or Affiliate) to leave the employee’s employment in order to accept employment with another person or entity or (b) any customer of the Company (or any Parent, Subsidiary or
Affiliate) with whom you have worked in your capacity as an Employee prior to your termination of Service whose identity and/or any related information constitutes protected trade secrets (with such customers determined as of the date of the
termination of your Service, to retain or use any other person or entity for the purpose of rendering services in competition with the Company (or any Parent, Subsidiary or Affiliate) or to purchase products from any business which, in the opinion
of the Company (or any Parent, Subsidiary or Affiliate), competes with or is in conflict with the interests of the Company (or any Parent, Subsidiary or Affiliate), in either case, unless these restrictions are prohibited (whether in whole or in
part) by applicable law. 
 (iii)    For a period of _____ (__) year beginning on the date of your termination of
Service or during any period in which you provide independent advisory or consulting services to the Company (or any Parent, Subsidiary or Affiliate), you shall not render services for any organization or engage directly or indirectly in any
business which, in the opinion of the Company, competes with or is in conflict with the interests of the Company (or any Parent, Subsidiary or Affiliate), unless this restriction is prohibited by applicable law. 

(iv)    You shall not, without prior written authorization from the Company, use or disclose any confidential information
or trade secrets concerning the Company (or any Parent, Subsidiary or Affiliate), in each case as determined by the Committee, and the Committee’s determination shall be conclusive and binding. 

(c)    Notwithstanding any provisions to the contrary in this Agreement, in the event of the termination of your Service
for Cause or in the event of the termination for Cause of any independent advisory or consulting services you may be providing as described in Section 3(b)(i), any unsettled or unvested Performance-Based Stock Units shall terminate and be
forfeited immediately without consideration. 
 4.    Special Acceleration. 

(a)    To the extent the Performance-Based Stock Units are outstanding at the time of a Corporate Transaction, such
Performance-Based Stock Units shall automatically become vested in full at the Target Amount immediately prior to the effective date of the Corporate Transaction and settled in accordance with Section 5 below. No such accelerated vesting,
however, shall occur if and to the extent: (i) these Performance-Based Stock Units are, in connection with the Corporate Transaction, either assumed by the successor corporation (or parent thereof) or replaced with comparable performance-based
stock units of the successor corporation (or parent thereof), in each case, having a minimum payout equal to the Target Amount and preserving the settlement provisions set forth in Section 5 below or (ii) these Performance-Based Stock
Units are replaced with a cash incentive program of the successor corporation which complies with Code Section 409A and, at a minimum, preserves the fair market value of the Performance-Based Stock Units at the time of the Corporate Transaction
(based on the Target Amount) and provides for subsequent pay-out in accordance with the settlement provisions set forth in Section 5 below. The determination of the comparability of performance-based
stock units under clause (i) shall be made by the Committee, and such determination shall be final, binding and conclusive. 
  

	(1) 	 If you are subject to the employment protections of a country within the European Economic Area because you
reside in such country or are otherwise subject thereto, “Retirement” shall mean your years of Service is at least equal to ______ (___), regardless of your age, and the provisions concerning Retirement shall apply to you so long as the
termination of your Service occurs no earlier than the one-year anniversary of the Grant Date. In all cases, years of Service shall be determined based on the date you originally provided Service. If you
previously terminated Service, but subsequently returned to Service prior to the Grant Date, you will receive credit for your prior Service.      

 (b)    Immediately following the effective date of the Corporate
Transaction, this Agreement shall terminate and cease to be outstanding, except as set forth in Section 5 below with respect to the settlement of Performance-Based Stock Units or to the extent assumed by the successor corporation (or parent
thereof) in connection with the Corporate Transaction. 
 (c)    If this Agreement is assumed in connection with a
Corporate Transaction, then the Committee shall appropriately adjust the number of units and the kind of shares or securities to be issued pursuant to this Agreement immediately after such Corporate Transaction. 

(d)    This Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize or otherwise
change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

5.    Settlement of Performance-Based Stock Units. 

(a)    General Settlement Terms. The Performance-Based Stock Units, to the extent earned and vested hereunder
(including, without limitation by reason of Retirement), shall be automatically settled in Shares on the Vest Date (which constitutes a fixed payment date for purposes of Code Section 409A) or, if earlier, upon the earliest to occur of the
settlement events set forth below or in the Company’s Vesting Acceleration Policy for Death and Terminal Illness; it being understood that nothing herein shall limit the Company’s ability to amend or terminate such policy in its sole
discretion and without your consent. 
 (b)    Corporate Transaction. If, as of the Grant Date, you have not
satisfied and it is not possible for you to satisfy the age and Service Retirement conditions with respect to this Performance-Based Stock Unit award and this Performance-Based Stock Unit award is not assumed or replaced as described in
Section 4(a) in connection with a Corporate Transaction, then the Performance-Based Stock Units shall be automatically settled in Shares immediately prior to the effective date of the Corporate Transaction instead of on the Vest Date. 

(c)    The Company shall have no obligation to issue Shares pursuant to this Agreement unless and until you have satisfied
any applicable tax and/or other obligations pursuant to Section 6 below and such issuance otherwise complies with all applicable law. 

(d)    Notwithstanding anything in this Section 5 or in this Agreement, to the extent your Performance-Based Stock
Units would otherwise be settled upon your Separation from Service, such settlement shall instead occur upon the Company’s first business day following the six-month anniversary of your Separation from
Service. 
 (e)    Prior to the time that the Performance-Based Stock Units are settled, you shall have no rights other
than those of a general creditor of the Company. The Performance-Based Stock Units represent an unfunded and unsecured obligation of the Company. 

6.    Taxes. 

(a)    Regardless of any action the Company or your employer (the “Employer”) takes with respect to any and all
income tax, social taxes or insurance contributions, payroll tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you (“Tax-Related Items”), and as a condition to and in consideration of the grant, vesting, and settlement of the Performance-Based Stock Units, you acknowledge that the ultimate liability for all Tax-Related Items with respect to the Performance-Based Stock Units is and remains your responsibility and may exceed the amount actually withheld by the Company or the Employer. You further acknowledge that the
Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Performance-Based Stock Units, including the
grant, vesting or settlement of the Performance-Based Stock Units, or the subsequent sale of any Shares acquired at vesting or the receipt of any dividends with respect to such Shares; and (ii) do not commit to and are under no obligation to
structure the terms or any aspect of the Performance-Based Stock Units to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. Further, if you become subject to
taxation in more than one jurisdiction between the Grant Date and the date of any relevant taxable event, you acknowledge that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 
 (b)    Prior to any relevant tax,
withholding or required deduction event, as applicable, and in order to receive any Shares or other benefit in relation to the Performance-Based Stock Units, you agree to make arrangements satisfactory to the Company for the satisfaction of any
applicable tax, withholding, required deduction and payment on account of any obligations of the Company and/or the Employer that arise in connection with the Performance-Based Stock Units. In this regard, you authorize the Company and/or the
Employer, or their respective agents, at their discretion, to satisfy any obligations related to Tax-Related Items by one or a combination of the following: (1) withholding from your wages or other cash
compensation payable to you by the Company or the Employer; (2) withholding from proceeds of the sale of Shares acquired upon settlement of the Performance-Based Stock Units either through a voluntary sale or through a mandatory sale arranged
by the Company (on your behalf pursuant to this authorization); (3) withholding of Shares that would otherwise be issued upon settlement of the Performance-Based Stock Units; or (4) requiring you to satisfy the liability for Tax-Related Items by means of any other arrangement approved by the Company. If the obligation for Tax-Related Items is satisfied by withholding Shares, for tax purposes, you
are deemed to have been issued the full number of Shares subject to the vested Performance-Based Stock Units, notwithstanding that a number of the Shares are held back solely for the purpose of paying the
Tax-Related Items due as a result of any aspect of your participation in the Plan. You agree to provide the Company and/or its stock plan broker/administrator with the information necessary to manage your Tax-Related Items withholding and acknowledge that should you fail to provide such information on a timely basis, the Company and/or its stock plan broker/administrator may be obligated to withhold amounts from you
and it may be necessary for you to seek a refund directly from the tax authorities. Depending on the withholding method, the Company or Employer may withhold or account for Tax-Related Items by considering
applicable minimum statutory withholding amounts or other applicable withholding rates. 
 (c)    Finally, you will pay
to the Company or the Employer any amount of Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of your participation in the Plan or your acquisition of
Shares that cannot be satisfied by the means previously described. The Company shall not be required to issue or deliver Shares pursuant to this Agreement unless and until such obligations are satisfied. 

7.    Tax and Legal Advice. You represent, warrant and acknowledge that neither the Company nor your
Employer have made any warranties or representations to you with respect to any Tax-Related Items, legal or financial consequences of the transactions 

 
contemplated by this Agreement, and you are in no manner relying on the Company, your Employer or the Company’s or the Employer’s representatives for an assessment of such consequences.
YOU UNDERSTAND THAT THE LAWS GOVERNING THIS AWARD ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN PROFESSIONAL TAX, LEGAL AND FINANCIAL ADVISOR REGARDING ANY PERFORMANCE-BASED STOCK UNITS. YOU UNDERSTAND THAT THE COMPANY AND YOUR EMPLOYER ARE NOT
PROVIDING ANY TAX, LEGAL, OR FINANCIAL ADVICE, NOR IS THE COMPANY OR YOUR EMPLOYER MAKING ANY RECOMMENDATION REGARDING YOUR ACCEPTANCE OF THIS AWARD. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF
AVOIDING TAXPAYER OR OTHER PENALTIES. 
 8.    Non-Transferability of
Performance-Based Stock Units. Performance-Based Stock Units shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation
of law. 
 9.    Restriction on Transfer. Regardless of whether the transfer or issuance of the Shares to
be issued pursuant to the Performance-Based Stock Units has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose additional restrictions upon the sale, pledge, or
other transfer of the Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s
counsel, such restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law including all applicable foreign laws. 

10.    Restrictive Legends and Stop-Transfer Instructions. Stock certificates evidencing the Shares issued
pursuant to the Performance-Based Stock Units may bear such restrictive legends and/or appropriate stop-transfer instructions may be issued to the Company’s transfer agent as the Company and the Company’s counsel deem necessary under
applicable law or pursuant to this Agreement. 
 11.    Representations, Warranties, Covenants, and
Acknowledgments. You hereby agree that in the event the Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Shares issued pursuant to the
Performance-Based Stock Units may be conditioned upon you making certain representations, warranties, and acknowledgments relating to compliance with applicable laws. 

12.    Voting and Other Rights. Subject to the terms of this Agreement, you shall not have any voting rights
or any other rights and privileges of a stockholder of the Company unless and until the Performance-Based Stock Units are settled in Shares. In addition, you shall not have any rights to dividend equivalent payments with respect to Performance-Based
Stock Units. 
 13.    Authorization to Release and Transfer Necessary Personal Information. 

(a)    You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other
form, of your personal information as described in this Agreement by and among, as applicable, the Employer, and the Company and its Parent, Subsidiaries and Affiliates for the exclusive purpose of implementing, administering and managing your
participation in the Plan. 
 (b)    You understand that the Company and the Employer may hold certain
personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number (or any other social or national identification number), salary, nationality, job title, residency
status, any Shares or directorships held in the Company, details of all Performance-Based Stock Units or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding (the “Data”) for the purpose of
implementing, administering and managing your participation in the Plan. You understand that Data may be transferred to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties assisting in the implementation,
administration and management of the Plan, that these recipients may be located in your country or elsewhere, including outside the European Economic Area, and that the recipient’s country (e.g., the United States) may have different data
privacy laws and protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the recipients to
receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to a broker or other
third party assisting with the administration of these Performance-Based Stock Units under the Plan or with whom Shares acquired pursuant to these Performance-Based Stock Units or cash from the sale of such Shares may be deposited. Furthermore, you
acknowledge and understand that the transfer of the Data to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties is necessary for your participation in the Plan. 

(c)    You understand that Data will be held only as long as is necessary to implement, administer and manage your
participation in the Plan. You understand that you may, at any time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents herein
by contacting your local human resources representative in writing. Further, you understand that you are providing the consents herein on a purely voluntary basis. If you do not consent, or if you later seek to revoke your consent, your employment
status or service and career with the Employer will not be affected; the only consequence of refusing or withdrawing your consent is that the Company would not be able to grant you Performance-Based Stock Units or other equity awards, or administer
or maintain such awards. You further acknowledge that withdrawal of consent may affect your ability to vest in or realize benefits from these Performance-Based Stock Units, and your ability to participate in the
Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 

(d)    The collection, use and transfer of Data for the purpose of implementing, administering and managing your
participation in the Plan is conducted in accordance with the Company’s Global HR Data Protection Policy. 

14.    No Entitlement or Claims for Compensation. As a condition to, and in consideration of, the grant,
vesting, and settlement of the Performance-Based Stock Units, and in receiving the Performance-Based Stock Units, Shares, or any benefit relating to the Performance-Based Stock Units, you acknowledge and agree that: 

(a)    Your rights, if any, in respect of or in connection with these Performance-Based Stock Units or any
other Award are derived solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. The Plan may be amended, suspended or terminated by the Company at any time, unless
otherwise provided in the Plan and this Agreement. By accepting these Performance-Based Stock Units, you expressly acknowledge that there is no obligation on the part of the Company to continue the Plan and/or grant any additional Performance-Based
Stock Units to you or benefits in lieu of Restricted Stock Units, even if Performance-Based Stock Units have been granted repeatedly in the past. All decisions with respect to future grants of Performance-Based Stock Units, if any, will be at the
sole discretion of the Committee. 

 (b)    The Performance-Based Stock Units and the Shares subject to the
Performance-Based Stock Units are not intended to replace any pension rights or compensation and are not to be considered compensation of a continuing or recurring nature, or part of your normal or expected compensation, and in no way represent any
portion of your salary, compensation or other remuneration for any purpose, including but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or
retirement benefits or similar payments, and in no event should be considered as compensation for, or relating in any way to, past services for the Company, the Employer or any Parent, Subsidiary or Affiliate. The value of the Performance-Based
Stock Units is an extraordinary item that does not constitute compensation of any kind for services of any kind rendered to the Company, the Employer or any Parent, Subsidiary or Affiliate and which is outside the scope of your written
employment agreement (if any). 
 (c)    You acknowledge that you are voluntarily participating in the Plan. 

(d)    Neither the Plan nor these Performance-Based Stock Units or any other Award granted under the Plan shall be deemed
to give you a right to remain an Employee, Consultant or director of the Company, a Parent, Subsidiary or an Affiliate. The Employer reserves the right to terminate your Service at any time, with or without cause, and for any reason, subject to
applicable laws, the Company’s Articles of Incorporation and Bylaws, and a written employment agreement (if any). 

(e)    The grant of the Performance-Based Stock Units and your participation in the Plan will not be
interpreted to form an employment contract or relationship with the Company, the Employer or any Parent, Subsidiary or Affiliate. 

(f)    The future value of the underlying Shares is unknown and cannot be predicted with certainty and if you vest in the
Performance-Based Stock Units and are issued Shares, the value of those Shares may increase or decrease. You also understand that neither the Company, nor the Employer or any Parent, Subsidiary or Affiliate is responsible for any foreign exchange
fluctuation between your Employer’s local currency and the United States Dollar that may affect the value of this Award. 

(g)    In consideration of the grant of the Performance-Based Stock Units, no claim or entitlement to compensation or
damages shall arise from forfeiture of the Performance-Based Stock Units resulting from termination of your Service by the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) or from the
Company’s determination that Performance Goals have not been satisfied in whole or in part and you irrevocably release the Company and the Employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found
by a court of competent jurisdiction to have arisen, you shall be deemed irrevocably to have waived your entitlement to pursue such claim. 

(h)    You agree that the Company may require Shares received pursuant to the Performance-Based Stock Units to be held by
a broker designated by the Company. 
 (i)    You agree that your rights hereunder (if any) shall be subject to set-off by the Company for any valid debts you owe the Company. 
 (j)    The
Performance-Based Stock Units and the benefits under the Plan, if any, will not automatically transfer to another company in the case of a merger, take-over or transfer of liability. 

15.    Governing Law and Forum. This Agreement shall be governed by and construed in accordance with the
laws of the State of California without regard to the conflict of laws principles thereof. For purposes of litigating any dispute that may arise directly or indirectly from this Agreement, the parties hereby submit and consent to litigation in the
exclusive jurisdiction of the State of California and agree that any such litigation shall be conducted only in the courts of California or the federal courts for the United States for the Northern District of California and no other courts. 

16.    Notices. Any notice required or permitted under the terms of this Agreement shall be in writing and
shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the mail, as certified or registered mail, with postage prepaid, and addressed to the Company
at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently modified by written notice to the other party. 

17.    Binding Effect. Subject to the limitations set forth in this Agreement, this Agreement shall be
binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

18.    Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall
be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

19.    Waiver. You agree that a waiver by the Company of a breach of any provision of this Agreement shall
not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by you or any other participant. 

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

21.    Language. If this Agreement or any other document related to the Plan is translated into a language
other than English and the meaning of the translated version is different from the English version, the English version will take precedence. 

22.    Appendix. Notwithstanding any provisions in this Agreement, the Performance-Based Stock Units shall
be subject to any special terms and conditions set forth in any Appendix to this Agreement for your country of residence. Moreover, if you relocate to one of the countries included in the Appendix, the special terms and conditions for such country
will apply to you, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this
Agreement. 

 23.    Committee Policies. The Performance-Based Stock
Units shall be subject to any special terms and conditions set forth in any applicable policy (and any amendments thereto) that the Committee (or a designee of the Committee) has adopted or will adopt in the future, including, but not limited to,
any policy related to the vesting or transfer of equity awards. 
 24.    Imposition of Other
Requirements. The Company reserves the right to impose other requirements on your participation in the Plan, on the Performance-Based Stock Units and on any Shares acquired under the Plan, to the extent the Company determines it is
necessary or advisable in order to comply with local law or facilitate the administration of the Plan. You agree to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. Furthermore, you acknowledge that
the laws of the country in which you are working at the time of grant, vesting and settlement of the Performance-Based Stock Units or the sale of Shares received pursuant to this Agreement (including any rules or regulations governing securities,
foreign exchange, tax, labor, or other matters) may subject you to additional procedural or regulatory requirements that you are and will be solely responsible for and must fulfill. 

25.    Acceptance of Agreement. You may accept this Award either by (a) clicking on the “I
agree” button below at any time before the Vest Date or (b) doing nothing and your Award will be automatically accepted on your behalf on the Vest Date. 

*                *       
         *                * 

By accepting your Award in accordance with Section 25 of this Agreement, you agree to be bound by the terms and conditions of this
Agreement. 
 PLEASE PRINT AND KEEP A COPY FOR YOUR RECORDS 

 Exhibit A 

FORMULA FOR THE 
 CISCO
SYSTEMS, INC. 
 PERFORMANCE-BASED STOCK UNIT AGREEMENT 

 (For Grants Beginning in July 2016 

and Prior to June 2017) 

CISCO SYSTEMS, INC. 

PERFORMANCE-BASED STOCK UNIT AGREEMENT 

This Performance-Based Stock Unit Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by
and between Cisco Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005 Stock Incentive Plan (the “Plan”). The material terms of this Stock Unit Award are as follows: 

 

					
			
	Employee ID:	 	 	 	
			
	Grant Date:	 	 	 	
			
	Grant Number:	 	 	 	
			
	Target Amount of Performance-Based Stock Units:	 	 	 	
			
	Vest Date:	 	 	 	

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning
ascribed to them in the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, the parties agree as follows: 

1.    Performance-Based Stock Units. Pursuant to the Plan, the Company hereby grants to you and you hereby
accept from the Company, Performance-Based Stock Units, each of which is a bookkeeping entry representing the equivalent in value of one (1) Share, on the terms and conditions set forth herein and in the Plan. The Target Amount of
Performance-Based Stock Units stated above reflects the target number of Performance-Based Stock Units (the “Target Amount”). The number of Performance-Based Stock Units ultimately paid out to you will range from __% to __% of the Target
Amount as determined (i) based upon the Company’s performance during the performance period against the performance goals as set forth in the Committee’s resolutions, dated _______________ (the “Performance Goals”) and
(ii) by the basic formula contained in the attached Exhibit A. In accordance therewith, the Committee has the right, in its sole discretion and for any reason, to reduce or eliminate the number of Performance-Based Stock Units that would
otherwise be payable hereunder pursuant to the immediately preceding sentence. 
 2.    Vesting of
Performance-Based Stock Units. So long as your Service continues and subject to, and to the extent of, the satisfaction of the Performance Goals, the Performance-Based Stock Units shall vest in accordance with the following schedule:
_______________ (__%) of the total number of Performance-Based Stock Units earned, if any, pursuant to the satisfaction of the Performance Goals shall vest on the Vest Date, unless otherwise provided by the Plan or Sections 3(b) or 4 below. If you
take a leave of absence, the Company may, at its discretion and to the extent permitted under applicable local law, either suspend vesting during the period of leave or pro-rate the Performance-Based Stock
Units, notwithstanding the Company’s Vesting Policy for Leaves of Absence. 
 3.    Termination of
Service. 
 (a)    Except as otherwise provided in Section 3(b) below or Section 4, in the event of
the termination of your Service for any reason (whether or not in breach of local labor laws), all unvested Performance-Based Stock Units shall be immediately forfeited without consideration. For purposes of the preceding sentence, your right to
vest in the Performance-Based Stock Units will terminate effective as of the date that you are no longer actively providing Service (or earlier upon your “Separation from Service” within the meaning of Code Section 409A) and will not
be extended by any notice period mandated under local law (e.g., active Service would not include a period of “garden leave” or similar period pursuant to local law); the Company shall have the exclusive discretion to determine when
you are no longer actively providing Service for purposes of the Performance-Based Stock Units. 

 (b)    In the event that you resign or your Service is terminated for
any reason other than Cause on or after the date that (x) you have attained at least __________ (__) years of age and (y) your age plus your years of Service is at least equal to __________ (__) years, and so long as such resignation or
the termination of your Service occurs no earlier than the ________ anniversary of the Grant Date (the satisfaction of the aforementioned conditions is referred to herein as
“Retirement(1)”), all unvested Performance-Based Stock Units may be earned pursuant to the satisfaction of the Performance Goals, and shall vest in accordance with the vesting schedule
set forth in Section 2 above, determined as if your Service had continued after your resignation or termination of Service, and shall be settled in accordance with Section 5(a); provided that any unsettled or unvested Performance-Based
Stock Units shall be forfeited without consideration immediately upon the breach of any of the following conditions: 

(i)    Unless prohibited by applicable law, you shall render, as an independent advisor or consultant and not as an
Employee, such advisory or consulting services to the Company (or any Parent, Subsidiary or Affiliate) as shall reasonably be requested by the Company (or any Parent, Subsidiary or Affiliate), and such services shall not be terminated for Cause (for
purposes of clarity, any request to provide such advisory or consulting services to the Company (or any Parent, Subsidiary or Affiliate) shall not be considered a continuation of “Service” unless the Company specifically provides that the
continuation of services is a continuation of “Service” for purposes of this Section 3(b)). 

(ii)    For a period of _______ (__) year beginning on the date of your termination of Service or during any period in
which you provide independent advisory or consulting services to the Company (or any Parent, Subsidiary or Affiliate), you shall not directly or indirectly, individually or on behalf of other persons or entities, intentionally solicit or induce
(a) any employee of the Company (or any Parent, Subsidiary or Affiliate) to leave the employee’s employment in order to accept employment with another person or entity or (b) any customer of the Company (or any Parent, Subsidiary or
Affiliate) with whom you have worked in your capacity as an Employee prior to your termination of Service whose identity and/or any related information constitutes protected trade secrets (with such customers determined as of the date of the
termination of your Service, to retain or use any other person or entity for the purpose of rendering services in competition with the Company (or any Parent, Subsidiary or Affiliate) or to purchase products from any business which, in the opinion
of the Company (or any Parent, Subsidiary or Affiliate), competes with or is in conflict with the interests of the Company (or any Parent, Subsidiary or Affiliate), in either case, unless these restrictions are prohibited (whether in whole or in
part) by applicable law. 
 (iii)    For a period of ________ (__) year beginning on the date of your termination of
Service or during any period in which you provide independent advisory or consulting services to the Company (or any Parent, Subsidiary or Affiliate), you shall not render services for any organization or engage directly or indirectly in any
business which, in the opinion of the Company, competes with or is in conflict with the interests of the Company (or any Parent, Subsidiary or Affiliate), unless this restriction is prohibited by applicable law. 

(iv)    You shall not, without prior written authorization from the Company, use or disclose any confidential information
or trade secrets concerning the Company (or any Parent, Subsidiary or Affiliate), in each case as determined by the Committee, and the Committee’s determination shall be conclusive and binding. 

(c)    Notwithstanding any provisions to the contrary in this Agreement, in the event of the termination of your Service
for Cause or in the event of the termination for Cause of any independent advisory or consulting services you may be providing as described in Section 3(b)(i), any unsettled or unvested Performance-Based Stock Units shall terminate and be
forfeited immediately without consideration. 
  

(1) If you are subject to the employment protections
of a country within the European Economic Area because you reside in such country or are otherwise subject thereto, “Retirement” shall mean your years of Service is at least equal to _______ (__), regardless of your age, and the provisions
concerning Retirement shall apply to you so long as the termination of your Service occurs no earlier than the one-year anniversary of the Grant Date. In all cases, years of Service shall be determined based
on the date you originally provided Service. If you previously terminated Service, but subsequently returned to Service prior to the Grant Date, you will receive credit for your prior Service. 

 4.    Special Acceleration. 

(a)    To the extent the Performance-Based Stock Units are outstanding at the time of a Corporate Transaction, such
Performance-Based Stock Units shall automatically become vested in full at the Target Amount immediately prior to the effective date of the Corporate Transaction and settled in accordance with Section 5 below. No such accelerated vesting,
however, shall occur if and to the extent: (i) these Performance-Based Stock Units are, in connection with the Corporate Transaction, either assumed by the successor corporation (or parent thereof) or replaced with comparable performance-based
stock units of the successor corporation (or parent thereof), in each case, having a minimum payout equal to the Target Amount and preserving the settlement provisions set forth in Section 5 below or (ii) these Performance-Based Stock
Units are replaced with a cash incentive program of the successor corporation which complies with Code Section 409A and, at a minimum, preserves the fair market value of the Performance-Based Stock Units at the time of the Corporate Transaction
(based on the Target Amount) and provides for subsequent pay-out in accordance with the settlement provisions set forth in Section 5 below. The determination of the comparability of performance-based
stock units under clause (i) shall be made by the Committee, and such determination shall be final, binding and conclusive. 

(b)    Immediately following the effective date of the Corporate Transaction, this Agreement shall terminate and cease to
be outstanding, except as set forth in Section 5 below with respect to the settlement of Performance-Based Stock Units or to the extent assumed by the successor corporation (or parent thereof) in connection with the Corporate Transaction. 

(c)    If this Agreement is assumed in connection with a Corporate Transaction, then the Committee shall appropriately
adjust the number of units and the kind of shares or securities to be issued pursuant to this Agreement immediately after such Corporate Transaction. 

(d)    This Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize or otherwise
change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

5.    Settlement of Performance-Based Stock Units. 

(a)    General Settlement Terms. The Performance-Based Stock Units, to the extent earned and vested hereunder
(including, without limitation by reason of Retirement), shall be automatically settled in Shares on the Vest Date (which constitutes a fixed payment date for purposes of Code Section 409A) or, if earlier, upon the earliest to occur of the
settlement events set forth below or in the Company’s Vesting Acceleration Policy for Death and Terminal Illness; it being understood that nothing herein shall limit the Company’s ability to amend or terminate such policy in its sole
discretion and without your consent. 
 (b)    Corporate Transaction. If, as of the Grant Date, you have not
satisfied and it is not possible for you to satisfy the age and Service Retirement conditions with respect to this Performance-Based Stock Unit award and this Performance-Based Stock Unit award is not assumed or replaced as described in
Section 4(a) in connection with a Corporate Transaction, then the Performance-Based Stock Units shall be automatically settled in Shares immediately prior to the effective date of the Corporate Transaction instead of on the Vest Date. 

(c)    The Company shall have no obligation to issue Shares pursuant to this Agreement unless and until you have satisfied
any applicable tax and/or other obligations pursuant to Section 6 below and such issuance otherwise complies with all applicable law. 

(d)    Notwithstanding anything in this Section 5 or in this Agreement, to the extent your Performance-Based Stock
Units would otherwise be settled upon your Separation from Service, such settlement shall instead occur upon the Company’s first business day following the six-month anniversary of your Separation from
Service. 
 (e)    Prior to the time that the Performance-Based Stock Units are settled, you shall have no rights other
than those of a general creditor of the Company. The Performance-Based Stock Units represent an unfunded and unsecured obligation of the Company. 

6.    Taxes. 

(a)    Regardless of any action the Company or your employer (the “Employer”) takes with respect to any and all
income tax, social taxes or insurance contributions, payroll tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you (“Tax-Related Items”), you acknowledge that the ultimate liability for all Tax-Related Items with respect to the Performance-Based Stock Units is and remains your
responsibility and may exceed the amount actually withheld by the Company or the Employer. You further acknowledge that the Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Performance-Based Stock Units, including the grant, vesting or settlement of the Performance-Based Stock Units, or the subsequent sale of any Shares acquired at
vesting or the receipt of any dividends with respect to such Shares; and (ii) do not commit to and are under no obligation to structure the terms or any aspect of the Performance-Based Stock Units to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. Further, if you become subject to taxation in more than one jurisdiction between the Grant Date and the date of any relevant taxable event, you acknowledge
that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 

(b)    Prior to any relevant tax, withholding or required deduction event, as applicable, you agree to make arrangements
satisfactory to the Company for the satisfaction of any applicable tax, withholding, required deduction and payment on account of any obligations of the Company and/or the Employer that arise in connection with the Performance-Based Stock Units. In
this regard, you authorize the Company and/or the Employer, or their respective agents, at their discretion, to satisfy any obligations related to Tax-Related Items by one or a combination of the following:
(1) withholding from your wages or other cash compensation payable to you by the Company or the Employer; (2) withholding from proceeds of the sale of Shares acquired upon settlement of the Performance-Based Stock Units either through a
voluntary sale or through a mandatory sale arranged by the Company (on your behalf pursuant to this authorization); (3) withholding of Shares that would otherwise be issued upon settlement of the Performance-Based Stock Units; or (4) requiring
you to satisfy the liability for Tax-Related Items by means of any other arrangement approved by the Company. If the obligation for Tax-Related Items is satisfied by
withholding Shares, for tax purposes, you are deemed to have been issued the full number of Shares subject to the vested Performance-Based Stock Units, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of your participation in the Plan. To avoid financial accounting charges under applicable accounting guidance, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory rates or may take any other action required to avoid financial accounting charges under applicable accounting guidance. 

 (c)    Finally, you will pay to the Company or the Employer any amount
of Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of your participation in the Plan or your acquisition of Shares that cannot be satisfied by the
means previously described. The Company shall not be required to issue or deliver Shares pursuant to this Agreement unless and until such obligations are satisfied. 

7.    Tax and Legal Advice. You represent, warrant and acknowledge that neither the Company nor your
Employer have made any warranties or representations to you with respect to any Tax-Related Items, legal or financial consequences of the transactions contemplated by this Agreement, and you are in no manner
relying on the Company, your Employer or the Company’s or the Employer’s representatives for an assessment of such consequences. YOU UNDERSTAND THAT THE LAWS GOVERNING THIS AWARD ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN
PROFESSIONAL TAX, LEGAL AND FINANCIAL ADVISOR REGARDING ANY PERFORMANCE-BASED STOCK UNITS. YOU UNDERSTAND THAT THE COMPANY AND YOUR EMPLOYER ARE NOT PROVIDING ANY TAX, LEGAL, OR FINANCIAL ADVICE, NOR IS THE COMPANY OR YOUR EMPLOYER MAKING ANY
RECOMMENDATION REGARDING YOUR ACCEPTANCE OF THIS AWARD. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER OR OTHER PENALTIES. 

8.    Non-Transferability of Performance-Based Stock Units.
Performance-Based Stock Units shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation of law. 

9.    Restriction on Transfer. Regardless of whether the transfer or issuance of the Shares to be issued
pursuant to the Performance-Based Stock Units has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose additional restrictions upon the sale, pledge, or other
transfer of the Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s counsel, such
restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law including all applicable foreign laws. 

10.    Restrictive Legends and Stop-Transfer Instructions. Stock certificates evidencing the Shares issued
pursuant to the Performance-Based Stock Units may bear such restrictive legends and/or appropriate stop-transfer instructions may be issued to the Company’s transfer agent as the Company and the Company’s counsel deem necessary under
applicable law or pursuant to this Agreement. 
 11.    Representations, Warranties, Covenants, and
Acknowledgments. You hereby agree that in the event the Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Shares issued pursuant to the
Performance-Based Stock Units may be conditioned upon you making certain representations, warranties, and acknowledgments relating to compliance with applicable laws. 

12.    Voting and Other Rights. Subject to the terms of this Agreement, you shall not have any voting rights
or any other rights and privileges of a stockholder of the Company unless and until the Performance-Based Stock Units are settled in Shares. In addition, you shall not have any rights to dividend equivalent payments with respect to Performance-Based
Stock Units. 
 13.    Authorization to Release and Transfer Necessary Personal Information. 

(a)    You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other
form, of your personal information as described in this Agreement by and among, as applicable, the Employer, and the Company and its Parent, Subsidiaries and Affiliates for the exclusive purpose of implementing, administering and managing your
participation in the Plan. 
 (b)    You understand that the Company and the Employer may hold certain
personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number (or any other social or national identification number), salary, nationality, job title, residency
status, any Shares or directorships held in the Company, details of all Performance-Based Stock Units or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding (the “Data”) for the purpose of
implementing, administering and managing your participation in the Plan. You understand that Data may be transferred to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties assisting in the implementation,
administration and management of the Plan, that these recipients may be located in your country or elsewhere, including outside the European Economic Area, and that the recipient’s country (e.g., the United States) may have different data
privacy laws and protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the recipients to
receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to a broker or other
third party assisting with the administration of these Performance-Based Stock Units under the Plan or with whom Shares acquired pursuant to these Performance-Based Stock Units or cash from the sale of such Shares may be deposited. Furthermore, you
acknowledge and understand that the transfer of the Data to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties is necessary for your participation in the Plan. 

(c)    You understand that Data will be held only as long as is necessary to implement, administer and manage your
participation in the Plan. You understand that you may, at any time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents herein
by contacting your local human resources representative in writing. You further acknowledge that withdrawal of consent may affect your ability to vest in or realize benefits from these Performance-Based Stock Units, and your ability to participate
in the Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 

 14.    No Entitlement or Claims for Compensation. 

(a)    Your rights, if any, in respect of or in connection with these Performance-Based Stock Units or any
other Award are derived solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. The Plan may be amended, suspended or terminated by the Company at any time, unless
otherwise provided in the Plan and this Agreement. By accepting these Performance-Based Stock Units, you expressly acknowledge that there is no obligation on the part of the Company to continue the Plan and/or grant any additional Performance-Based
Stock Units to you or benefits in lieu of Restricted Stock Units, even if Performance-Based Stock Units have been granted repeatedly in the past. All decisions with respect to future grants of Performance-Based Stock Units, if any, will be at the
sole discretion of the Committee. 
 (b)    The Performance-Based Stock Units and the Shares subject to the
Performance-Based Stock Units are not intended to replace any pension rights or compensation and are not to be considered compensation of a continuing or recurring nature, or part of your normal or expected compensation, and in no way represent any
portion of your salary, compensation or other remuneration for any purpose, including but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or
retirement benefits or similar payments, and in no event should be considered as compensation for, or relating in any way to, past services for the Company, the Employer or any Parent, Subsidiary or Affiliate. The value of the Performance-Based
Stock Units is an extraordinary item that does not constitute compensation of any kind for services of any kind rendered to the Company, the Employer or any Parent, Subsidiary or Affiliate and which is outside the scope of your written
employment agreement (if any). 
 (c)    You acknowledge that you are voluntarily participating in the Plan. 

(d)    Neither the Plan nor these Performance-Based Stock Units or any other Award granted under the Plan shall be deemed
to give you a right to remain an Employee, Consultant or director of the Company, a Parent, Subsidiary or an Affiliate. The Employer reserves the right to terminate your Service at any time, with or without cause, and for any reason, subject to
applicable laws, the Company’s Articles of Incorporation and Bylaws, and a written employment agreement (if any). 

(e)    The grant of the Performance-Based Stock Units and your participation in the Plan will not be
interpreted to form an employment contract or relationship with the Company, the Employer or any Parent, Subsidiary or Affiliate. 

(f)    The future value of the underlying Shares is unknown and cannot be predicted with certainty and if you vest in the
Performance-Based Stock Units and are issued Shares, the value of those Shares may increase or decrease. You also understand that neither the Company, nor the Employer or any Parent, Subsidiary or Affiliate is responsible for any foreign exchange
fluctuation between your Employer’s local currency and the United States Dollar that may affect the value of this Award. 

(g)    In consideration of the grant of the Performance-Based Stock Units, no claim or entitlement to compensation or
damages shall arise from forfeiture of the Performance-Based Stock Units resulting from termination of your Service by the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) or from the
Company’s determination that Performance Goals have not been satisfied in whole or in part and you irrevocably release the Company and the Employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found
by a court of competent jurisdiction to have arisen, you shall be deemed irrevocably to have waived your entitlement to pursue such claim. 

(h)    You agree that the Company may require Shares received pursuant to the Performance-Based Stock Units to be held by
a broker designated by the Company. 
 (i)    You agree that your rights hereunder (if any) shall be subject to set-off by the Company for any valid debts you owe the Company. 
 (j)    The
Performance-Based Stock Units and the benefits under the Plan, if any, will not automatically transfer to another company in the case of a merger, take-over or transfer of liability. 

15.    Governing Law and Forum. This Agreement shall be governed by and construed in accordance with the
laws of the State of California without regard to the conflict of laws principles thereof. For purposes of litigating any dispute that may arise directly or indirectly from this Agreement, the parties hereby submit and consent to litigation in the
exclusive jurisdiction of the State of California and agree that any such litigation shall be conducted only in the courts of California or the federal courts for the United States for the Northern District of California and no other courts. 

16.    Notices. Any notice required or permitted under the terms of this Agreement shall be in writing and
shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the mail, as certified or registered mail, with postage prepaid, and addressed to the Company
at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently modified by written notice to the other party. 

17.    Binding Effect. Subject to the limitations set forth in this Agreement, this Agreement shall be
binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

18.    Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall
be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

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

20.    Language. If this Agreement or any other document related to the Plan is translated into a language
other than English and the meaning of the translated version is different from the English version, the English version will take precedence. 

 21.    Appendix. Notwithstanding any provisions in this
Agreement, the Performance-Based Stock Units shall be subject to any special terms and conditions set forth in any Appendix to this Agreement for your country of residence. Moreover, if you relocate to one of the countries included in the Appendix,
the special terms and conditions for such country will apply to you, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration
of the Plan. The Appendix constitutes part of this Agreement. 
 22.    Imposition of Other Requirements.
The Company reserves the right to impose other requirements on your participation in the Plan, on the Performance-Based Stock Units and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable
in order to comply with local law or facilitate the administration of the Plan. You agree to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. Furthermore, you acknowledge that the laws of the country
in which you are working at the time of grant, vesting and settlement of the Performance-Based Stock Units or the sale of Shares received pursuant to this Agreement (including any rules or regulations governing securities, foreign exchange, tax,
labor, or other matters) may subject you to additional procedural or regulatory requirements that you are and will be solely responsible for and must fulfill. 

23.    Acceptance of Agreement. You must expressly accept the terms and conditions of your Performance-Based
Stock Units as set forth in this Agreement by electronically accepting this Agreement within 300 days after the Company sends this Agreement to you. If you do not accept your Performance-Based Stock Units in the manner instructed by the Company,
your Performance-Based Stock Units will be subject to cancellation. 

*        *        *       
 * 
 You acknowledge that by clicking on the I agree button below, you agree to be bound by the terms of this Agreement.

 PLEASE PRINT AND KEEP A COPY FOR YOUR RECORDS 

 Exhibit A 

FORMULA FOR THE 
 CISCO
SYSTEMS, INC. 
 PERFORMANCE-BASED STOCK UNIT AGREEMENT 

 (For Grants Beginning in September 2015 

and Prior to July 2016) 

CISCO SYSTEMS, INC. 

PERFORMANCE-BASED STOCK UNIT AGREEMENT 

This Performance-Based Stock Unit Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by
and between Cisco Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005 Stock Incentive Plan (the “Plan”). The material terms of this Stock Unit Award are as follows: 

 

					
			
	Employee ID:	 	 	 	
			
	Grant Date:	 	 	 	
			
	Grant Number:	 	 	 	
			
	Target Amount of Performance-Based Stock Units:	 	 	 	
			
	Vest Date:	 	 	 	

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning
ascribed to them in the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, the parties agree as follows: 

1.    Performance-Based Stock Units. Pursuant to the Plan, the Company hereby grants to you and you hereby
accept from the Company, Performance-Based Stock Units, each of which is a bookkeeping entry representing the equivalent in value of one (1) Share, on the terms and conditions set forth herein and in the Plan. The Target Amount of
Performance-Based Stock Units stated above reflects the target number of Performance-Based Stock Units (the “Target Amount”). The number of Performance-Based Stock Units ultimately paid out to you will range from ___% to ___% of the Target
Amount as determined based upon the Company’s performance during the performance period against the performance goals as set forth in Exhibit A. 

2.    Vesting of Performance-Based Stock Units. So long as your Service continues and subject to, and to the
extent of, the satisfaction of the performance goals as set forth in Exhibit A, the Performance-Based Stock Units shall vest in accordance with the following schedule: _______________ (___%) of the total number of Performance-Based Stock
Units earned, if any, pursuant to the satisfaction of the performance goals in Exhibit A shall vest on the Vest Date, unless otherwise provided by the Plan or Sections 3(b) or 4 below. If you take a leave of absence, the Company may, at its
discretion and to the extent permitted under applicable local law, either suspend vesting during the period of leave or pro-rate the Performance-Based Stock Units, notwithstanding the Company’s Vesting
Policy for Leaves of Absence. 
 3.    Termination of Service. 

(a)    Except as otherwise provided in Section 3(b) below or Section 4, in the event of the termination of your
Service for any reason (whether or not in breach of local labor laws), all unvested Performance-Based Stock Units shall be immediately forfeited without consideration. For purposes of the preceding sentence, your right to vest in the
Performance-Based Stock Units will terminate effective as of the date that you are no longer actively providing Service (or earlier upon your “Separation from Service” within the meaning of Code Section 409A) and will not be extended
by any notice period mandated under local law (e.g., active Service would not include a period of “garden leave” or similar period pursuant to local law); the Company shall have the exclusive discretion to determine when you are no
longer actively providing Service for purposes of the Performance-Based Stock Units. 
 (b)    In the event that you
resign or your Service is terminated for any reason other than Cause on or after the date that (x) you have attained at least __________ (___) years of age and (y) your age plus your years of Service is at least equal to __________ (___),
and so long as such resignation or the termination of your Service occurs no earlier than the ________ anniversary of the Grant Date (the satisfaction of the aforementioned conditions is referred to herein as “Retirement(1)”), all unvested Performance-Based Stock Units may be earned pursuant to the satisfaction of the performance goals in Exhibit A, and shall vest in accordance with the vesting schedule
set forth in Section 2 above, determined as if your Service had continued after your resignation or termination of Service, and shall be settled in accordance with Section 5(a); provided that any unsettled or unvested Performance-Based
Stock Units shall be forfeited without consideration immediately upon the breach of any of the following conditions: 
  

	(1) 	 If you are subject to the employment protections of a country within the European Economic Area because you
reside in such country or are otherwise subject thereto, “Retirement” shall mean your years of Service is at least equal to _______ (_____), regardless of your age, and the provisions concerning Retirement shall apply to you so long as the
termination of your Service occurs no earlier than the one-year anniversary of the Grant Date. In all cases, years of Service shall be determined based on the date you originally provided Service. If you
previously terminated Service, but subsequently returned to Service prior to the Grant Date, you will receive credit for your prior Service. 

 (i)    Unless prohibited by applicable law, you shall render, as an
independent advisor or consultant and not as an Employee, such advisory or consulting services to the Company (or any Parent, Subsidiary or Affiliate) as shall reasonably be requested by the Company (or any Parent, Subsidiary or Affiliate), and such
services shall not be terminated for Cause (for purposes of clarity, any request to provide such advisory or consulting services to the Company (or any Parent, Subsidiary or Affiliate) shall not be considered a continuation of “Service”
unless the Company specifically provides that the continuation of services is a continuation of “Service” for purposes of this Section 3(b)). 

(ii)    For a period of ___ (__) beginning on the date of your termination of Service or during any period in which you
provide independent advisory or consulting services to the Company (or any Parent, Subsidiary or Affiliate), you shall not directly or indirectly, individually or on behalf of other persons or entities, intentionally solicit or induce (a) any
employee of the Company (or any Parent, Subsidiary or Affiliate) to leave the employee’s employment in order to accept employment with another person or entity or (b) any customer of the Company (or any Parent, Subsidiary or Affiliate)
with whom you have worked in your capacity as an Employee prior to your termination of Service whose identity and/or any related information constitutes protected trade secrets (with such customers determined as of the date of the termination of
your Service, to retain or use any other person or entity for the purpose of rendering services in competition with the Company (or any Parent, Subsidiary or Affiliate) or to purchase products from any business which, in the opinion of the Company
(or any Parent, Subsidiary or Affiliate), competes with or is in conflict with the interests of the Company (or any Parent, Subsidiary or Affiliate), in either case, unless these restrictions are prohibited (whether in whole or in part) by
applicable law. 
 (iii)    For a period of ___ (__) beginning on the date of your termination of Service or during any
period in which you provide independent advisory or consulting services to the Company (or any Parent, Subsidiary or Affiliate), you shall not render services for any organization or engage directly or indirectly in any business which, in the
opinion of the Company, competes with or is in conflict with the interests of the Company (or any Parent, Subsidiary or Affiliate), unless this restriction is prohibited by applicable law. 

(iv)    You shall not, without prior written authorization from the Company, use or disclose any confidential information
or trade secrets concerning the Company (or any Parent, Subsidiary or Affiliate), in each case as determined by the Committee, and the Committee’s determination shall be conclusive and binding. 

(c)    Notwithstanding any provisions to the contrary in this Agreement, in the event of the termination of your Service
for Cause or in the event of the termination for Cause of any independent advisory or consulting services you may be providing as described in Section 3(b)(i), any unsettled or unvested Performance-Based Stock Units shall terminate and be
forfeited immediately without consideration. 
 4.    Special Acceleration. 

(a)    To the extent the Performance-Based Stock Units are outstanding at the time of a Corporate Transaction, such
Performance-Based Stock Units shall automatically become vested in full at the Target Amount immediately prior to the effective date of the Corporate Transaction and settled in accordance with Section 5 below. No such accelerated vesting,
however, shall occur if and to the extent: (i) these Performance-Based Stock Units are, in connection with the Corporate Transaction, either assumed by the successor corporation (or parent thereof) or replaced with comparable performance-based
stock units of the successor corporation (or parent thereof), in each case, having a minimum payout equal to the Target Amount and preserving the settlement provisions set forth in Section 5 below or (ii) these Performance-Based Stock
Units are replaced with a cash incentive program of the successor corporation which complies with Code Section 409A and, at a minimum, preserves the fair market value of the Performance-Based Stock Units at the time of the Corporate Transaction
(based on the Target Amount) and provides for subsequent pay-out in accordance with the settlement provisions set forth in Section 5 below. The determination of the comparability of performance-based
stock units under clause (i) shall be made by the Committee, and such determination shall be final, binding and conclusive. 

(b)    Immediately following the effective date of the Corporate Transaction, this Agreement shall terminate and cease to
be outstanding, except as set forth in Section 5 below with respect to the settlement of Performance-Based Stock Units or to the extent assumed by the successor corporation (or parent thereof) in connection with the Corporate Transaction. 

(c)    If this Agreement is assumed in connection with a Corporate Transaction, then the Committee shall appropriately
adjust the number of units and the kind of shares or securities to be issued pursuant to this Agreement immediately after such Corporate Transaction. 

(d)    To the extent the Performance-Based Stock Units are outstanding at the time of a Change in Control, such
Performance-Based Stock Units shall automatically accelerate immediately prior to the effective date of the Change in Control and shall become vested in full at the Target Amount at that time and settled in accordance with Section 5 below. 

(e)    This Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize or otherwise
change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

5.    Settlement of Performance-Based Stock Units. 

(a)    General Settlement Terms. The Performance-Based Stock Units, to the extent earned and vested hereunder
(including, without limitation by reason of Retirement), shall be automatically settled in Shares on the Vest Date (which constitutes a fixed payment date for purposes of Code Section 409A) or, if earlier, upon the earliest to occur of the
settlement events set forth below or in the Company’s Vesting Acceleration Policy for Death and Terminal Illness; it being understood that nothing herein shall limit the Company’s ability to amend or terminate such policy in its sole
discretion and without your consent. 
 (b)    Corporate Transaction. If, as of the Grant Date, you have not
satisfied and it is not possible for you to satisfy the age and Service Retirement conditions with respect to this Performance-Based Stock Unit award and this Performance-Based Stock Unit award is not assumed or replaced as described in
Section 4(a) in connection with a Corporate Transaction, then the Performance-Based Stock Units shall be automatically settled in Shares immediately prior to the effective date of the Corporate Transaction instead of on the Vest Date. 

 

 (c)    Change in Control. In the event a Change in Control is
consummated prior to the Vest Date and such Change in Control is a permissible distribution event under Code Section 409A, the Performance-Based Stock Units shall be automatically settled in Shares immediately prior to the effective date of the
Change in Control. In the event such Change in Control is not a permissible distribution event under Code Section 409A, the Performance-Based Stock Units shall be automatically settled in Shares upon the earlier of (i) the Vest Date or
(ii) your Separation from Service that occurs immediately prior to or at any time after such Change in Control. Notwithstanding the foregoing, if, as of the Grant Date, you have not satisfied and it is not possible for you to satisfy the age
and Service Retirement conditions with respect to this Performance-Based Stock Unit award, then such settlement shall in all cases occur immediately prior the effective date of the Change in Control. 

(d)    The Company shall have no obligation to issue Shares pursuant to this Agreement unless and until you have satisfied
any applicable tax and/or other obligations pursuant to Section 6 below and such issuance otherwise complies with all applicable law. 

(e)    Notwithstanding anything in this Section 5 or in this Agreement, to the extent your Performance-Based Stock
Units would otherwise be settled upon your Separation from Service, such settlement shall instead occur upon the Company’s first business day following the six-month anniversary of your Separation from
Service. 
 (f)    Prior to the time that the Performance-Based Stock Units are settled, you shall have no rights other
than those of a general creditor of the Company. The Performance-Based Stock Units represent an unfunded and unsecured obligation of the Company. 

6.    Taxes. 

(a)    Regardless of any action the Company or your employer (the “Employer”) takes with respect to any and all
income tax, social taxes or insurance contributions, payroll tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you (“Tax-Related Items”), you acknowledge that the ultimate liability for all Tax-Related Items with respect to the Performance-Based Stock Units is and remains your
responsibility and may exceed the amount actually withheld by the Company or the Employer. You further acknowledge that the Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Performance-Based Stock Units, including the grant, vesting or settlement of the Performance-Based Stock Units, or the subsequent sale of any Shares acquired at
vesting or the receipt of any dividends with respect to such Shares; and (ii) do not commit to and are under no obligation to structure the terms or any aspect of the Performance-Based Stock Units to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. Further, if you become subject to taxation in more than one jurisdiction between the Grant Date and the date of any relevant taxable event, you acknowledge
that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 

(b)    Prior to any relevant tax, withholding or required deduction event, as applicable, you agree to make arrangements
satisfactory to the Company for the satisfaction of any applicable tax, withholding, required deduction and payment on account of any obligations of the Company and/or the Employer that arise in connection with the Performance-Based Stock Units. In
this regard, you authorize the Company and/or the Employer, or their respective agents, at their discretion, to satisfy any obligations related to Tax-Related Items by one or a combination of the following:
(1) withholding from your wages or other cash compensation payable to you by the Company or the Employer; (2) withholding from proceeds of the sale of Shares acquired upon settlement of the Performance-Based Stock Units either through a
voluntary sale or through a mandatory sale arranged by the Company (on your behalf pursuant to this authorization); (3) withholding of Shares that would otherwise be issued upon settlement of the Performance-Based Stock Units; or (4) requiring
you to satisfy the liability for Tax-Related Items by means of any other arrangement approved by the Company. If the obligation for Tax-Related Items is satisfied by
withholding Shares, for tax purposes, you are deemed to have been issued the full number of Shares subject to the vested Performance-Based Stock Units, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of your participation in the Plan. To avoid financial accounting charges under applicable accounting guidance, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory rates or may take any other action required to avoid financial accounting charges under applicable accounting guidance. 

(c)    Finally, you will pay to the Company or the Employer any amount of
Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of your participation in the Plan or your acquisition of Shares that cannot be satisfied by the means
previously described. The Company shall not be required to issue or deliver Shares pursuant to this Agreement unless and until such obligations are satisfied. 

7.    Tax and Legal Advice. You represent, warrant and acknowledge that neither the Company nor your
Employer have made any warranties or representations to you with respect to any Tax-Related Items, legal or financial consequences of the transactions contemplated by this Agreement, and you are in no manner
relying on the Company, your Employer or the Company’s or the Employer’s representatives for an assessment of such consequences. YOU UNDERSTAND THAT THE LAWS GOVERNING THIS AWARD ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN
PROFESSIONAL TAX, LEGAL AND FINANCIAL ADVISOR REGARDING ANY PERFORMANCE-BASED STOCK UNITS. YOU UNDERSTAND THAT THE COMPANY AND YOUR EMPLOYER ARE NOT PROVIDING ANY TAX, LEGAL, OR FINANCIAL ADVICE, NOR IS THE COMPANY OR YOUR EMPLOYER MAKING ANY
RECOMMENDATION REGARDING YOUR ACCEPTANCE OF THIS AWARD. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER OR OTHER PENALTIES. 

8.    Non-Transferability of Performance-Based Stock Units.
Performance-Based Stock Units shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation of law. 

9.    Restriction on Transfer. Regardless of whether the transfer or issuance of the Shares to be issued
pursuant to the Performance-Based Stock Units has been registered under the Securities Act or has been registered or qualified under the securities laws of any 

 
state, the Company may impose additional restrictions upon the sale, pledge, or other transfer of the Shares (including the placement of appropriate legends on stock certificates and the issuance
of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s counsel, such restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the
securities laws of any state, or any other law including all applicable foreign laws. 
 10.    Restrictive
Legends and Stop-Transfer Instructions. Stock certificates evidencing the Shares issued pursuant to the Performance-Based Stock Units may bear such restrictive legends and/or appropriate stop-transfer instructions may be issued to the
Company’s transfer agent as the Company and the Company’s counsel deem necessary under applicable law or pursuant to this Agreement. 

11.    Representations, Warranties, Covenants, and Acknowledgments. You hereby agree that in the event the
Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Shares issued pursuant to the Performance-Based Stock Units may be conditioned upon you making certain
representations, warranties, and acknowledgments relating to compliance with applicable laws. 
 12.    Voting and
Other Rights. Subject to the terms of this Agreement, you shall not have any voting rights or any other rights and privileges of a stockholder of the Company unless and until the Performance-Based Stock Units are settled in Shares. In
addition, you shall not have any rights to dividend equivalent payments with respect to Performance-Based Stock Units. 

13.    Authorization to Release and Transfer Necessary Personal Information. 

(a)    You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other
form, of your personal information as described in this Agreement by and among, as applicable, the Employer, and the Company and its Parent, Subsidiaries and Affiliates for the exclusive purpose of implementing, administering and managing your
participation in the Plan. 
 (b)    You understand that the Company and the Employer may hold certain
personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number (or any other social or national identification number), salary, nationality, job title, residency
status, any Shares or directorships held in the Company, details of all Performance-Based Stock Units or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding (the “Data”) for the purpose of
implementing, administering and managing your participation in the Plan. You understand that Data may be transferred to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties assisting in the implementation,
administration and management of the Plan, that these recipients may be located in your country or elsewhere, including outside the European Economic Area, and that the recipient’s country (e.g., the United States) may have different data
privacy laws and protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the recipients to
receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to a broker or other
third party assisting with the administration of these Performance-Based Stock Units under the Plan or with whom Shares acquired pursuant to these Performance-Based Stock Units or cash from the sale of such Shares may be deposited. Furthermore, you
acknowledge and understand that the transfer of the Data to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties is necessary for your participation in the Plan. 

(c)    You understand that Data will be held only as long as is necessary to implement, administer and manage your
participation in the Plan. You understand that you may, at any time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents herein
by contacting your local human resources representative in writing. You further acknowledge that withdrawal of consent may affect your ability to vest in or realize benefits from these Performance-Based Stock Units, and your ability to participate
in the Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 

14.    No Entitlement or Claims for Compensation. 

(a)    Your rights, if any, in respect of or in connection with these Performance-Based Stock Units or any
other Award are derived solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. The Plan may be amended, suspended or terminated by the Company at any time, unless
otherwise provided in the Plan and this Agreement. By accepting these Performance-Based Stock Units, you expressly acknowledge that there is no obligation on the part of the Company to continue the Plan and/or grant any additional Performance-Based
Stock Units to you or benefits in lieu of Restricted Stock Units, even if Performance-Based Stock Units have been granted repeatedly in the past. All decisions with respect to future grants of Performance-Based Stock Units, if any, will be at the
sole discretion of the Committee. 
 (b)    The Performance-Based Stock Units and the Shares subject to the
Performance-Based Stock Units are not intended to replace any pension rights or compensation and are not to be considered compensation of a continuing or recurring nature, or part of your normal or expected compensation, and in no way represent any
portion of your salary, compensation or other remuneration for any purpose, including but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or
retirement benefits or similar payments, and in no event should be considered as compensation for, or relating in any way to, past services for the Company, the Employer or any Parent, Subsidiary or Affiliate. The value of the Performance-Based
Stock Units is an extraordinary item that does not constitute compensation of any kind for services of any kind rendered to the Company, the Employer or any Parent, Subsidiary or Affiliate and which is outside the scope of your written
employment agreement (if any). 
 (c)    You acknowledge that you are voluntarily participating in the Plan. 

(d)    Neither the Plan nor these Performance-Based Stock Units or any other Award granted under the Plan shall be deemed
to give you a right to remain an Employee, Consultant or director of the Company, a Parent, Subsidiary or an Affiliate. The Employer reserves the right to terminate your Service at any time, with or without cause, and for any reason, subject to
applicable laws, the Company’s Articles of Incorporation and Bylaws, and a written employment agreement (if any). 

 (e)    The grant of the Performance-Based Stock Units and your
participation in the Plan will not be interpreted to form an employment contract or relationship with the Company, the Employer or any Parent, Subsidiary or Affiliate. 

(f)    The future value of the underlying Shares is unknown and cannot be predicted with certainty and if you vest in the
Performance-Based Stock Units and are issued Shares, the value of those Shares may increase or decrease. You also understand that neither the Company, nor the Employer or any Parent, Subsidiary or Affiliate is responsible for any foreign exchange
fluctuation between your Employer’s local currency and the United States Dollar that may affect the value of this Award. 

(g)    In consideration of the grant of the Performance-Based Stock Units, no claim or entitlement to compensation or
damages shall arise from forfeiture of the Performance-Based Stock Units resulting from termination of your Service by the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) or from the
Company’s determination that performance goals have not been satisfied in whole or in part and you irrevocably release the Company and the Employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found
by a court of competent jurisdiction to have arisen, you shall be deemed irrevocably to have waived your entitlement to pursue such claim. 

(h)    You agree that the Company may require Shares received pursuant to the Performance-Based Stock Units to be held by
a broker designated by the Company. 
 (i)    You agree that your rights hereunder (if any) shall be subject to set-off by the Company for any valid debts you owe the Company. 
 (j)    The
Performance-Based Stock Units and the benefits under the Plan, if any, will not automatically transfer to another company in the case of a merger, take-over or transfer of liability. 

15.    Governing Law and Forum. This Agreement shall be governed by and construed in accordance with the
laws of the State of California without regard to the conflict of laws principles thereof. For purposes of litigating any dispute that may arise directly or indirectly from this Agreement, the parties hereby submit and consent to litigation in the
exclusive jurisdiction of the State of California and agree that any such litigation shall be conducted only in the courts of California or the federal courts for the United States for the Northern District of California and no other courts. 

16.    Notices. Any notice required or permitted under the terms of this Agreement shall be in writing and
shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the mail, as certified or registered mail, with postage prepaid, and addressed to the Company
at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently modified by written notice to the other party. 

17.    Binding Effect. Subject to the limitations set forth in this Agreement, this Agreement shall be
binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

18.    Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall
be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

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

20.    Language. If this Agreement or any other document related to the Plan is translated into a language
other than English and the meaning of the translated version is different from the English version, the English version will take precedence. 

21.    Appendix. Notwithstanding any provisions in this Agreement, the Performance-Based Stock Units shall
be subject to any special terms and conditions set forth in any Appendix to this Agreement for your country of residence. Moreover, if you relocate to one of the countries included in the Appendix, the special terms and conditions for such country
will apply to you, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this
Agreement. 
 22.    Imposition of Other Requirements. The Company reserves the right to impose
other requirements on your participation in the Plan, on the Performance-Based Stock Units and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate
the administration of the Plan. You agree to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. Furthermore, you acknowledge that the laws of the country in which you are working at the time of grant,
vesting and settlement of the Performance-Based Stock Units or the sale of Shares received pursuant to this Agreement (including any rules or regulations governing securities, foreign exchange, tax, labor, or other matters) may subject you to
additional procedural or regulatory requirements that you are and will be solely responsible for and must fulfill. 

23.    Acceptance of Agreement. You must expressly accept the terms and conditions of your Performance-Based
Stock Units as set forth in this Agreement by electronically accepting this Agreement within 300 days after the Company sends this Agreement to you. If you do not accept your Performance-Based Stock Units in the manner instructed by the Company,
your Performance-Based Stock Units will be subject to cancellation. 

*        *        *       
 * 
 You acknowledge that by clicking on the I agree button below, you agree to be bound by the terms of this
Agreement. 
 PLEASE PRINT AND KEEP A COPY FOR YOUR RECORDS 

 (For Grants Prior to September 2015) 

CISCO SYSTEMS, INC. 

PERFORMANCE-BASED STOCK UNIT AGREEMENT 

This Performance-Based Stock Unit Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by and between Cisco
Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005 Stock Incentive Plan (the “Plan”). The material terms of this Stock Unit Award are as follows: 

 

					
			
	Employee ID:	 	 	 	
			
	Grant Date:	 	 	 	
			
	Grant Number:	 	 	 	
			
	Target Amount of Performance-Based Stock Units:	 	 	 	
			
	Vest Date:	 	 	 	

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning
ascribed to them in the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, the parties agree as follows: 

1.    Performance-Based Stock Units. Pursuant to the Plan, the Company hereby grants to you, [subject to the
approval by the stockholders of the Company of the amendment and restatement of the Plan,] and you hereby accept from the Company, Performance-Based Stock Units, each of which is a bookkeeping entry representing the equivalent in value of one
(1) Share, on the terms and conditions set forth herein and in the Plan. The Target Amount of Performance-Based Stock Units stated above reflects the target number of Performance-Based Stock Units (the “Target Amount”). The number of
Performance-Based Stock Units ultimately paid out to you will range from                  % to
                 % of the Target Amount as determined based upon the Company’s performance during the performance period against the
performance goals as set forth in Exhibit A. 
 2.    Vesting of Performance-Based Stock Units. So
long as your Service continues and subject to, and to the extent of, the satisfaction of the performance goals as set forth in Exhibit A, the Performance-Based Stock Units shall vest in accordance with the following schedule:
                 (
                      %) of the total number of Performance-Based Stock Units earned, if any, pursuant
to the satisfaction of the performance goals in Exhibit A shall vest on the Vest Date, unless otherwise provided by the Plan or Sections 3(b) or 4 below. If you take a leave of absence, the Company may, at its discretion and to the extent
permitted under applicable local law, either suspend vesting during the period of leave or pro-rate the Performance-Based Stock Units, notwithstanding the Company’s Vesting Policy for Leaves of Absence.
Prior to the time that the Performance-Based Stock Units are settled, you shall have no rights other than those of a general creditor of the Company. The Performance-Based Stock Units represent an unfunded and unsecured obligation of the Company.

 3.    Termination of Service. 

(a)    Except as otherwise provided in Section 3(b) below or Section 4, in the event of the termination of your
Service for any reason (whether or not in breach of local labor laws), all unvested Performance-Based Stock Units shall be immediately forfeited without consideration. For purposes of the preceding sentence, your right to vest in the
Performance-Based Stock Units will terminate effective as of the date that you are no longer actively providing Service (or earlier upon your “Separation from Service” within the meaning of Code Section 409A) and will not be extended
by any notice period mandated under local law (e.g., active Service would not include a period of “garden leave” or similar period pursuant to local law); the Company shall have the exclusive discretion to determine when you are no
longer actively providing Service for purposes of the Performance-Based Stock Units. 

 (b)    In the event that you resign or your Service is terminated for
any reason other than Cause on or after the date that (x) you have attained at least                  (
                 ) years of age and (y) your age plus your years of Service is at least equal to
                 (
                 ), and so long as such resignation or the termination of your Service occurs no earlier than the
                 anniversary of the Grant Date (the satisfaction of the aforementioned conditions is referred to herein as “Retirement(1)”), all unvested Performance-Based Stock Units may be earned pursuant to the satisfaction of the performance goals in Exhibit A, and shall vest in accordance with the vesting schedule
set forth in Section 2 above, determined as if your Service had continued after your resignation or termination of Service, and shall be settled in accordance with Section 5(a); provided that any unsettled or unvested Performance-Based
Stock Units shall be forfeited without consideration immediately upon the breach of any of the following conditions: 

(i)    Unless prohibited by applicable law, you shall render, as an independent advisor or consultant and not as an
Employee, such advisory or consulting services to the Company (or any Parent, Subsidiary or Affiliate) as shall reasonably be requested by the Company (or any Parent, Subsidiary or Affiliate), and such services shall not be terminated for Cause (for
purposes of clarity, any request to provide such advisory or consulting services to the Company (or any Parent, Subsidiary or Affiliate) shall not be considered a continuation of “Service” unless the Company specifically provides that the
continuation of services is a continuation of “Service” for purposes of this Section 3(b)). 

(ii)    For a period of
                 (
                 ) beginning on the date of your termination of Service or during any period in which you provide independent advisory or
consulting services to the Company (or any Parent, Subsidiary or Affiliate), you shall not directly or indirectly, individually or on behalf of other persons or entities, intentionally solicit or induce (a) any employee of the Company (or any
Parent, Subsidiary or Affiliate) to leave the employee’s employment in order to accept employment with another person or entity or (b) any customer of the Company (or any Parent, Subsidiary or Affiliate) with whom you have worked in your
capacity as an Employee prior to your termination of Service whose identity and/or any related information constitutes protected trade secrets (with such customers determined as of the date of the termination of your Service, to retain or use any
other person or entity for the purpose of rendering services in competition with the Company (or any Parent, Subsidiary or Affiliate) or to purchase products from any business which, in the opinion of the Company (or any Parent, Subsidiary or
Affiliate), competes with or is in conflict with the interests of the Company (or any Parent, Subsidiary or Affiliate), in either case, unless these restrictions are prohibited (whether in whole or in part) by applicable law. 

(iii)    For a period of
                 (
                 ) beginning on the date of your termination of Service or during any period in which you provide independent advisory or
consulting services to the Company (or any Parent, Subsidiary or Affiliate), you shall not render services for any organization or engage directly or indirectly in any business which, in the opinion of the Company, competes with or is in conflict
with the interests of the Company (or any Parent, Subsidiary or Affiliate), unless this restriction is prohibited by applicable law. 

(iv)    You shall not, without prior written authorization from the Company, use or disclose any confidential information
or trade secrets concerning the Company (or any Parent, Subsidiary or Affiliate), in each case as determined by the Committee, and the Committee’s determination shall be conclusive and binding. 

(c)    Notwithstanding any provisions to the contrary in this Agreement, in the event of the termination of your Service
for Cause or in the event of the termination for Cause of any independent advisory or consulting services you may be providing as described in Section 3(b)(i), any unsettled or unvested Performance-Based Stock Units shall terminate and be
forfeited immediately without consideration. 
 4.    Special Acceleration. 

(a)    To the extent the Performance-Based Stock Units are outstanding at the time of a Corporate Transaction, such
Performance-Based Stock Units shall automatically become vested in full at the Target Amount immediately prior to the effective date of the Corporate Transaction and settled in accordance with Section 5 below. No such accelerated vesting,
however, shall occur if and to the extent: (i) these Performance-Based Stock Units are, in connection with the Corporate Transaction, either assumed by the successor corporation (or parent thereof) or replaced with comparable performance-based
stock units of the successor corporation (or parent thereof), in each case, having a minimum payout equal to the Target Amount and preserving the settlement provisions set forth in Section 5 below or (ii) these Performance-Based Stock
Units are replaced with a cash incentive program of the successor corporation which complies with Code Section 409A and, at a minimum, preserves the fair market value of the Performance-Based Stock Units at the time of the Corporate Transaction
(based on the Target Amount) and provides for subsequent pay-out in accordance with the settlement provisions set forth in Section 5 below. The determination of the comparability of performance-based
stock units under clause (i) shall be made by the Committee, and such determination shall be final, binding and conclusive. 

(b)    Immediately following the effective date of the Corporate Transaction, this Agreement shall terminate and cease to
be outstanding, except as set forth in Section 5 below with respect to the settlement of Performance-Based Stock Units or to the extent assumed by the successor corporation (or parent thereof) in connection with the Corporate Transaction. 

 

	(1) 	 If you are subject to the employment protections of a country within the European Economic Area because you
reside in such country or are otherwise subject thereto, “Retirement” shall mean your years of Service is at least equal to                 
(                ), regardless of your age, and the provisions concerning Retirement shall apply to you so long as the termination of your Service occurs no
earlier than the one-year anniversary of the Grant Date. In all cases, years of Service shall be determined based on the date you originally provided Service. If you previously terminated Service, but
subsequently returned to Service prior to the Grant Date, you will receive credit for your prior Service. 

 (c)    If this Agreement is assumed in connection with a Corporate
Transaction, then the Committee shall appropriately adjust the number of units and the kind of shares or securities to be issued pursuant to this Agreement immediately after such Corporate Transaction. 

(d)    To the extent the Performance-Based Stock Units are outstanding at the time of a Change in Control, such
Performance-Based Stock Units shall automatically accelerate immediately prior to the effective date of the Change in Control and shall become vested in full at the Target Amount at that time and settled in accordance with Section 5 below. 

(e)    This Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize or otherwise
change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

5.    Settlement of Performance-Based Stock Units. 

(a)    General Settlement Terms. The Performance-Based Stock Units, to the extent earned and vested hereunder
(including, without limitation by reason of Retirement), shall be automatically settled in Shares on the Vest Date (which constitutes a fixed payment date for purposes of Code Section 409A) or, if earlier, upon the earliest to occur of the
settlement events set forth below or in the Company’s Vesting Acceleration Policy for Death and Terminal Illness; it being understood that nothing herein shall limit the Company’s ability to amend or terminate such policy in its sole
discretion and without your consent. 
 (b)    Corporate Transaction. If, as of the Grant Date, you have not
satisfied and it is not possible for you to satisfy the age and Service Retirement conditions with respect to this Performance-Based Stock Unit award and this Performance-Based Stock Unit award is not assumed or replaced as described in
Section 4(a) in connection with a Corporate Transaction, then the Performance-Based Stock Units shall be automatically settled in Shares immediately prior to the effective date of the Corporate Transaction instead of on the Vest Date. 

(c)    Change in Control. In the event a Change in Control is consummated prior to the Vest Date and such Change in
Control is a permissible distribution event under Code Section 409A, the Performance-Based Stock Units shall be automatically settled in Shares immediately prior to the effective date of the Change in Control. In the event such Change in
Control is not a permissible distribution event under Code Section 409A, the Performance-Based Stock Units shall be automatically settled in Shares upon the earlier of (i) the Vest Date or (ii) your Separation from Service that occurs
immediately prior to or at any time after such Change in Control. Notwithstanding the foregoing, if, as of the Grant Date, you have not satisfied and it is not possible for you to satisfy the age and Service Retirement conditions with respect to
this Performance-Based Stock Unit award, then such settlement shall in all cases occur immediately prior the effective date of the Change in Control. 

(d)    The Company shall have no obligation to issue Shares pursuant to this Agreement unless and until you have satisfied
any applicable tax and/or other obligations pursuant to Section 6 below and such issuance otherwise complies with all applicable law. 

(e)    Notwithstanding anything in this Section 5 or in this Agreement, to the extent your Performance-Based Stock
Units would otherwise be settled upon your Separation from Service, such settlement shall instead occur upon the Company’s first business day following the six-month anniversary of your Separation from
Service. 
 6.    Taxes. 

(a)    Regardless of any action the Company or your employer (the “Employer”) takes with respect to any and all
income tax, social taxes or insurance contributions, payroll tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you (“Tax-Related Items”), you acknowledge that the ultimate liability for all Tax-Related Items with respect to the Performance-Based Stock Units is and remains your
responsibility and may exceed the amount actually withheld by the Company or the Employer. You further acknowledge that the Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Performance-Based Stock Units, including the grant, vesting or settlement of the Performance-Based Stock Units, or the subsequent sale of any Shares acquired at
vesting or the receipt of any dividends with respect to such Shares; and (ii) do not commit to and are under no obligation to structure the terms or any aspect of the Performance-Based Stock Units to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. Further, if you become subject to taxation in more than one jurisdiction between the Grant Date and the date of any relevant taxable event, you acknowledge
that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 

(b)    Prior to any relevant tax, withholding or required deduction event, as applicable, you agree to make arrangements
satisfactory to the Company for the satisfaction of any applicable tax, withholding, required deduction and payment on account obligations of the Company and/or the Employer that arise in connection with the Performance-Based Stock Units. In this
regard, you authorize the Company and/or the Employer, or their respective agents, at their discretion, to satisfy any obligations related to Tax-Related Items by one or a combination of the following:
(1) withholding from your wages or other cash compensation payable to you by the Company or the Employer; (2) withholding from proceeds of the sale of Shares acquired upon settlement of the Performance-Based Stock Units either through a
voluntary sale or through a mandatory sale arranged by the Company (on your behalf pursuant to this authorization); (3) withholding of Shares that would otherwise be issued upon settlement of the Performance-Based Stock Units; or
(4) requiring you to satisfy the liability for Tax-Related Items by means of any other arrangement approved by the Company. If the obligation for Tax-Related Items
is satisfied by withholding of Shares, for tax purposes, you are deemed to have been issued the full number of Shares subject to the vested Performance-Based Stock Units, notwithstanding that a number of the Shares are held back solely for the
purpose of paying the Tax-Related Items due as a result of any aspect of your participation in the Plan. To avoid financial accounting charges under applicable accounting guidance, the Company may withhold or
account for Tax-Related Items by considering applicable minimum statutory rates or may take any other action required to avoid financial accounting charges under applicable accounting guidance. 

(c)    Finally, you will pay to the Company or the Employer any amount of
Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of your participation in the Plan or your acquisition of Shares that cannot be satisfied by the means
previously described. The Company shall not be required to issue or deliver Shares pursuant to this Agreement unless and until such obligations are satisfied. 

7.    Tax and Legal Advice. You represent, warrant and acknowledge that neither the Company nor your
Employer have made any warranties or representations to you with respect to any Tax-Related Items, legal or financial consequences of the transactions contemplated by

 
this Agreement, and you are in no manner relying on the Company, your Employer’s or the Company’s or the Employer’s representatives for an assessment of such consequences. YOU
UNDERSTAND THAT THE LAWS GOVERNING THIS AWARD ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN PROFESSIONAL TAX, LEGAL AND FINANCIAL ADVISOR REGARDING ANY PERFORMANCE-BASED STOCK UNITS. YOU UNDERSTAND THAT THE COMPANY AND YOUR EMPLOYER ARE NOT
PROVIDING ANY TAX, LEGAL, OR FINANCIAL ADVICE, NOR IS THE COMPANY OR YOUR EMPLOYER MAKING ANY RECOMMENDATION REGARDING YOUR ACCEPTANCE OF THIS AWARD. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF
AVOIDING TAXPAYER OR OTHER PENALTIES. 
 8.    Non-Transferability of
Performance-Based Stock Units. Performance-Based Stock Units shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation
of law. 
 9.    Restriction on Transfer. Regardless of whether the transfer or issuance of the Shares to
be issued pursuant to the Performance-Based Stock Units has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose additional restrictions upon the sale, pledge, or
other transfer of the Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s
counsel, such restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law including all applicable foreign laws. 

10.    Restrictive Legends and Stop-Transfer Instructions. Stock certificates evidencing the Shares issued
pursuant to the Performance-Based Stock Units may bear such restrictive legends and/or appropriate stop-transfer instructions may be issued to the Company’s transfer agent as the Company and the Company’s counsel deem necessary under
applicable law or pursuant to this Agreement. 
 11.    Representations, Warranties, Covenants, and
Acknowledgments. You hereby agree that in the event the Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Shares issued pursuant to the
Performance-Based Stock Units may be conditioned upon you making certain representations, warranties, and acknowledgments relating to compliance with applicable laws. 

12.    Voting and Other Rights. Subject to the terms of this Agreement, you shall not have any voting rights
or any other rights and privileges of a stockholder of the Company unless and until the Performance-Based Stock Units are settled in Shares. In addition, you shall not have any rights to dividend equivalent payments with respect to Performance-Based
Stock Units. 
 13.    Authorization to Release and Transfer Necessary Personal Information. 

(a)    You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other
form, of your personal information as described in this Agreement by and among, as applicable, the Employer, and the Company and its Parent, Subsidiaries and Affiliates for the exclusive purpose of implementing, administering and managing your
participation in the Plan. 
 (b)    You understand that the Company and the Employer may hold certain
personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number (or any other social or national identification number), salary, nationality, job title, residency
status, any Shares or directorships held in the Company, details of all Performance-Based Stock Units or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding (the “Data”) for the purpose of
implementing, administering and managing your participation in the Plan. You understand that Data may be transferred to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties assisting in the implementation,
administration and management of the Plan, that these recipients may be located in your country or elsewhere, including outside the European Economic Area, and that the recipient’s country (e.g., the United States) may have different data
privacy laws and protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the recipients to
receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to a broker or other
third party assisting with the administration of these Performance-Based Stock Units under the Plan or with whom Shares acquired pursuant to these Performance-Based Stock Units or cash from the sale of such Shares may be deposited. Furthermore, you
acknowledge and understand that the transfer of the Data to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties is necessary for your participation in the Plan. 

(c)    You understand that Data will be held only as long as is necessary to implement, administer and manage your
participation in the Plan. You understand that you may, at any time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents herein
by contacting your local human resources representative in writing. You further acknowledge that withdrawal of consent may affect your ability to vest in or realize benefits from these Performance-Based Stock Units, and your ability to participate
in the Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 

14.    No Entitlement or Claims for Compensation. 

(a)    Your rights, if any, in respect of or in connection with these Performance-Based Stock Units or any other Award are
derived solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. The Plan may be amended, suspended or terminated by the Company at any time, unless otherwise provided
in the Plan and this Agreement. By accepting these Performance-Based Stock Units, you expressly acknowledge that there is no obligation on the part of the Company to continue the Plan and/or grant any additional Performance-Based Stock Units to you
or benefits in lieu of Restricted Stock Units, even if Performance-Based Stock Units have been granted repeatedly in the past. All decisions with respect to future grants of Performance-Based Stock Units, if any, will be at the sole discretion of
the Committee. 
 (b)    The Performance-Based Stock Units and the Shares subject to the Performance-Based Stock Units
are not intended to replace any pension rights or compensation and are not to be considered compensation of a continuing or recurring nature, or part of your normal or expected compensation, and in no way represent any portion of your salary,
compensation or other remuneration for any purpose, including but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service

 
awards, pension or retirement benefits or similar payments, and in no event should be considered as compensation for, or relating in any way to, past services for the Company, the Employer or any
Parent, Subsidiary or Affiliate. The value of the Performance-Based Stock Units is an extraordinary item that does not constitute compensation of any kind for services of any kind rendered to the Company, the Employer or any Parent, Subsidiary or
Affiliate and which is outside the scope of your written employment agreement (if any). 
 (c)    You acknowledge that
you are voluntarily participating in the Plan. 
 (d)    Neither the Plan nor these Performance-Based Stock Units or any
other Award granted under the Plan shall be deemed to give you a right to remain an Employee, Consultant or director of the Company, a Parent, Subsidiary or an Affiliate. The Employer reserves the right to terminate your Service at any time, with or
without cause, and for any reason, subject to applicable laws, the Company’s Articles of Incorporation and Bylaws, and a written employment agreement (if any). 

(e)    The grant of the Performance-Based Stock Units and your participation in the Plan will not be interpreted to form
an employment contract or relationship with the Company, the Employer or any Parent, Subsidiary or Affiliate. 

(f)    The future value of the underlying Shares is unknown and cannot be predicted with certainty and if you vest in the
Performance-Based Stock Units and are issued Shares, the value of those Shares may increase or decrease. You also understand that neither the Company, nor the Employer or any Parent, Subsidiary or Affiliate is responsible for any foreign exchange
fluctuation between your Employer’s local currency and the United States Dollar that may affect the value of this Award. 

(g)    In consideration of the grant of the Performance-Based Stock Units, no claim or entitlement to compensation or
damages shall arise from forfeiture of the Performance-Based Stock Units resulting from termination of your Service by the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) or from the
Company’s determination that performance goals have not been satisfied in whole or in part and you irrevocably release the Company and the Employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found
by a court of competent jurisdiction to have arisen, you shall be deemed irrevocably to have waived your entitlement to pursue such claim. 

(h)    You agree that the Company may require Shares received pursuant to the Performance-Based Stock Units to be held by
a broker designated by the Company. 
 (i)    You agree that your rights hereunder (if any) shall be subject to set-off by the Company for any valid debts you owe the Company. 
 (j)    The
Performance-Based Stock Units and the benefits under the Plan, if any, will not automatically transfer to another company in the case of a merger, take-over or transfer of liability. 

15.    Governing Law and Forum. This Agreement shall be governed by and construed in accordance with the
laws of the State of California without regard to the conflict of laws principles thereof. For purposes of litigating any dispute that may arise directly or indirectly from this Agreement, the parties hereby submit and consent to litigation in the
exclusive jurisdiction of the State of California and agree that any such litigation shall be conducted only in the courts of California or the federal courts for the United States for the Northern District of California and no other courts. 

16.    Notices. Any notice required or permitted under the terms of this Agreement shall be in writing and
shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the mail, as certified or registered mail, with postage prepaid, and addressed to the Company
at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently modified by written notice to the other party. 

17.    Binding Effect. Subject to the limitations set forth in this Agreement, this Agreement shall be
binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

18.    Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall
be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

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

20.    Language. If this Agreement or any other document related to the Plan is translated into a language
other than English and the meaning of the translated version is different from the English version, the English version will take precedence. 

21.    Appendix. Notwithstanding any provisions in this Agreement, the Performance-Based Stock Units shall
be subject to any special terms and conditions set forth in any Appendix to this Agreement for your country of residence. Moreover, if you relocate to one of the countries included in the Appendix, the special terms and conditions for such country
will apply to you, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this
Agreement. 
 22.    Imposition of Other Requirements. The Company reserves the right to impose other
requirements on your participation in the Plan, on the Performance-Based Stock Units and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the
administration of the Plan. You agree to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. Furthermore, you acknowledge that the laws of the country in which you are working at the time of grant,
vesting and settlement of the Performance-Based Stock Units or the sale of Shares received pursuant to this 

 
Agreement (including any rules or regulations governing securities, foreign exchange, tax, labor, or other matters) may subject you to additional procedural or regulatory requirements that you
are and will be solely responsible for and must fulfill. 
 23.    Acceptance of Agreement. You must
expressly accept the terms and conditions of your Performance-Based Stock Units as set forth in this Agreement by electronically accepting this Agreement within 300 days after the Company sends this Agreement to you. If you do not accept your
Performance-Based Stock Units in the manner instructed by the Company, your Performance-Based Stock Units will be subject to cancellation. 

*                *       
         *                * 

You acknowledge that by clicking on the I agree button below, you agree to be bound by the terms of this Agreement. 

PLEASE PRINT AND KEEP A COPY FOR YOUR RECORDS 

 (For Grants Beginning in September 2020) 

CISCO SYSTEMS, INC. 

STOCK UNIT AGREEMENT 
 This
Stock Unit Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by and between Cisco Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc.
2005 Stock Incentive Plan (the “Plan”). The material terms of this Stock Unit Award are as follows: 
  

			
	 Employee ID:
	 	 
		
	 Grant Date:
	 	 
		
	 Grant Number:
	 	 
		
	 Restricted Stock Units:
	 	 
		
	 First Vest Date:
	 	 

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning
ascribed to them in the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, and as a condition to and in
consideration of the grant, vesting, and settlement of the Restricted Stock Units and your receipt of any Shares or any related benefit thereunder, the parties agree as follows: 

1.    Restricted Stock Units. Pursuant to the Plan, the Company hereby grants to you, and you hereby accept
from the Company, Restricted Stock Units, each of which is a bookkeeping entry representing the equivalent in value of one (1) Share, on the terms and conditions set forth herein and in the Plan. By accepting (whether in writing, electronically
or otherwise) the Restricted Stock Units, or by otherwise receiving the Restricted Stock Units, Shares, or any benefit relating thereto, you acknowledge that the Restricted Stock Units and any Shares issued thereunder and your participation in the
Plan are subject to such terms and conditions, and you agree to such terms and conditions. 
 2.    Vesting of
Restricted Stock Units. So long as your Service continues, the Restricted Stock Units shall vest in accordance with the following schedule: [ ], unless otherwise provided by the Plan or Section 4 below. If you take a leave of absence,
the Company may, at its discretion, suspend vesting during the period of leave or pro-rate the Restricted Stock Units to the extent permitted under the employment laws in the jurisdiction where you are
providing Service or under the terms of your employment or service agreement, if any, notwithstanding the Company’s Vesting Policy for Leaves of Absence. 

3.    Termination of Service. In the event of the termination of your Service for any reason (whether or not
later found to be invalid or in breach of the employment laws in the jurisdiction where you are employed or providing Service, or the terms of your employment or service agreement, if any), all unvested Restricted Stock Units shall be immediately
forfeited without consideration. For purposes of the preceding sentence, your right to vest in the Restricted Stock Units will terminate effective as of the date that you are no longer providing Service, and the Company shall have the exclusive
discretion to determine when you are no longer providing Service for purposes of the Restricted Stock Units. 

4.    Special Acceleration. 

(a)    To the extent the Restricted Stock Units are outstanding at the time of a Corporate Transaction, such Restricted
Stock Units shall automatically become vested in full immediately prior to the effective date of the Corporate Transaction. No such accelerated vesting, however, shall occur if and to the extent: (i) these Restricted Stock Units are, in
connection with the Corporate Transaction, either assumed by the successor corporation (or parent thereof) or replaced with comparable restricted stock units of the successor corporation (or parent thereof) or (ii) these Restricted Stock Units
are replaced with a cash incentive program of the successor corporation which complies with Code Section 409A and preserves the fair market value of the Restricted Stock Units at the time of the Corporate Transaction and provides for subsequent
pay-out in accordance with the settlement provisions set forth in Section 5 below. The determination of the comparability of restricted stock units under clause (i) shall be made by the Committee,
and such determination shall be final, binding and conclusive. 
 (b)    Immediately following the effective date of the
Corporate Transaction, this Agreement shall terminate and cease to be outstanding, except as set forth in Section 5 below with respect to the deferred settlement of Restricted Stock Units or to the extent assumed by the successor corporation
(or parent thereof) in connection with the Corporate Transaction. 

 (c)    If this Agreement is assumed in connection with a Corporate
Transaction, then the Committee shall appropriately adjust the number of units and the kind of shares or securities to be issued pursuant to this Agreement immediately after such Corporate Transaction. 

(d)    This Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize or otherwise
change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

5.    Settlement of Restricted Stock Units. To the extent you are eligible but have not elected to defer
settlement of the Restricted Stock Units, the Restricted Stock Units shall be automatically settled in Shares upon vesting of such Restricted Stock Units, provided that the Company shall have no obligation to issue Shares pursuant to this Agreement
unless and until you have satisfied any applicable Tax-Related Items, as described and defined in Section 6 below, and such issuance otherwise complies with all applicable laws. To the extent you are
eligible but have elected to defer settlement of the Restricted Stock Units, the vested portion of the Restricted Stock Units shall be settled in Shares upon the earlier of: (a) your separation from service within the meaning of Code
Section 409A (“Separation from Service”) and (b) the fixed payment date elected by you, if any, at the time of such deferral (which shall be the first business day of a year no earlier than six years after the year of the Grant
Date in accordance with procedures approved by the Committee), provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless such issuance complies with all applicable law. Notwithstanding the foregoing, to the
extent your Restricted Stock Units would otherwise be settled upon your Separation from Service, such settlement shall instead occur upon the Company’s first business day following the six-month
anniversary of your Separation from Service. Prior to the time that the Restricted Stock Units are settled, you shall have no rights other than those of a general creditor of the Company. The Restricted Stock Units represent an unfunded and
unsecured obligation of the Company. 
 6.    Taxes. 

(a)    Regardless of any action the Company or your employer (the “Employer”) takes with respect to any and all
income tax, social taxes or insurance contributions, payroll tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you (“Tax-Related Items”), and as a condition to and in consideration of the grant, vesting, and settlement of the Restricted Stock Units, you acknowledge that the ultimate liability for all Tax-Related Items with respect to the Restricted Stock Units is and remains your responsibility and may exceed the amount, if any, actually withheld by the Company or the Employer. You further acknowledge that the
Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Restricted Stock Units, including the grant,
vesting or settlement of the Restricted Stock Units, or the subsequent sale of any Shares acquired at vesting or the receipt of any dividends with respect to such Shares, and (ii) do not commit to and are under no obligation to structure the
terms or any aspect of the Restricted Stock Units to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. Further, if you become subject to taxation in more than one
jurisdiction between the Grant Date and the date of any relevant taxable event, you acknowledge that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for
Tax-Related Items in more than one jurisdiction. 
 (b)    Prior to any relevant
tax, withholding or required deduction event, as applicable, and in order to receive any Shares or other benefit in relation to the Restricted Stock Units, you agree to make arrangements satisfactory to the Company for the satisfaction of any
applicable tax, withholding, required deduction and payment on account of any obligations of the Company and/or the Employer that arise in connection with the Restricted Stock Units. In this regard, you authorize the Company and/or the Employer, or
their respective agents, at their discretion, to satisfy any obligations related to Tax-Related Items by one or a combination of the following: (1) withholding from your wages or other cash compensation
payable to you by the Company or the Employer; (2) withholding from proceeds of the sale of Shares acquired upon settlement of the Restricted Stock Units either through a voluntary sale or through a mandatory sale arranged by the Company (on
your behalf pursuant to this authorization); (3) withholding of Shares that would otherwise be issued upon settlement of the Restricted Stock Units; or (4) requiring you to satisfy the liability for
Tax-Related Items by means of any other arrangement approved by the Company. 

(c)    If the obligation for Tax-Related Items is satisfied by withholding Shares,
for tax purposes, you are deemed to have been issued the full number of Shares subject to the vested Restricted Stock Units, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of your participation in the Plan. You agree to provide the Company and/or its stock plan broker/administrator with the information necessary to manage your Tax-Related Items withholding and acknowledge that should you fail to provide such information on a timely basis, the Company and/or its stock plan broker/administrator may be obligated to withhold amounts from you
and it may be necessary for you to seek a refund directly from the tax authorities. Depending on the withholding method, the Company or Employer may withhold or account for Tax-Related Items by considering
applicable minimum statutory withholding amounts or other applicable withholding rates, including maximum applicable rates. 

(d)    Finally, you will pay to the Company or the Employer any amount of
Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of your participation in the Plan or your acquisition of Shares that cannot be satisfied by the means
previously described. The Company shall not be required to issue or deliver Shares pursuant to this Agreement unless and until such obligations are satisfied. 

7.    Tax and Legal Advice. You represent, warrant and acknowledge that neither the Company nor your
Employer have made any warranties or representations to you with respect to any Tax-Related Items, legal or financial consequences of the transactions contemplated by this Agreement, and you are in no manner
relying on the Company, the Employer or the Company’s or the Employer’s representatives for an assessment of such consequences. YOU UNDERSTAND THAT THE LAWS GOVERNING THIS AWARD ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN
PROFESSIONAL TAX, LEGAL AND FINANCIAL ADVISOR REGARDING ANY RESTRICTED STOCK UNITS. YOU UNDERSTAND THAT THE COMPANY AND THE EMPLOYER ARE NOT PROVIDING ANY TAX, LEGAL, OR FINANCIAL ADVICE, NOR IS THE COMPANY OR THE EMPLOYER MAKING ANY RECOMMENDATION
REGARDING YOUR ACCEPTANCE OF THIS AWARD. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER OR OTHER PENALTIES. 

 8.    Non-Transferability
of Restricted Stock Units. Restricted Stock Units shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation of law.

 9.    Restriction on Transfer. Regardless of whether the transfer or issuance of the Shares to be
issued pursuant to the Restricted Stock Units has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose additional restrictions upon the sale, pledge, or other
transfer of the Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s counsel, such
restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law, including all applicable foreign laws. 

10.    Restrictive Legends and Stop-Transfer Instructions. Stock certificates evidencing the Shares issued
pursuant to the Restricted Stock Units may bear such restrictive legends and/or appropriate stop-transfer instructions may be issued to the Company’s transfer agent as the Company and the Company’s counsel deem necessary under applicable
law or pursuant to this Agreement. 
 11.    Representations, Warranties, Covenants, and Acknowledgments.
You hereby agree that in the event the Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Shares issued pursuant to the Restricted Stock Units may be conditioned
upon you making certain representations, warranties, and acknowledgments relating to compliance with applicable laws. 

[12.    Voting, Dividend and Other Rights. Subject to the terms of this Agreement and except as set forth
below, you shall not have any voting rights or any other rights and privileges of a shareholder of the Company unless and until the Restricted Stock Units are settled in Shares. To the extent you have elected to defer settlement of the Restricted
Stock Units, dividend equivalents shall only accrue after the vesting of the Restricted Stock Units and will be subject to the same conditions and restrictions as the Restricted Stock Units to which they attach as set forth in the Plan or this
Agreement and will be settled in additional Shares upon the settlement of the Restricted Stock Units as set forth in Section 5 above.] 

[12.    Voting, Dividend and Other Rights. Subject to the terms of this Agreement and except as set forth
below, you shall not have any voting rights or any other rights and privileges of a shareholder of the Company unless and until the Restricted Stock Units are settled in Shares. Dividend equivalents shall accrue on the Restricted Stock Units and
will be subject to the same conditions and restrictions as the Restricted Stock Units to which they attach as set forth in the Plan or this Agreement and to the extent vested will be settled in additional Shares upon the settlement of the Restricted
Stock Units as set forth in Section 5 above.] 
 13.    Authorization to Release and Transfer Necessary
Personal Information. 
 (a)    You hereby explicitly and unambiguously consent to the collection, use and
transfer, in electronic or other form, of your personal information as described in this Agreement by and among, as applicable, the Employer, and the Company and its Parent, Subsidiaries and Affiliates for the exclusive purpose of implementing,
administering and managing your participation in the Plan. 
 (b)    You understand that the Company and
the Employer may hold certain personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number (or any other social or national identification number), salary,
nationality, job title, residency status, any Shares or directorships held in the Company, details of all Restricted Stock Units or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding (the “Data”)
for the purpose of implementing, administering and managing your participation in the Plan. You understand that the Data may be transferred to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties assisting in the
implementation, administration and management of the Plan, that these recipients may be located in your country or elsewhere, including outside the European Economic Area, and that the recipient’s country (e.g., the United States) may have
different data privacy laws and protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the
recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to a
broker or other third party assisting with the administration of these Restricted Stock Units under the Plan or with whom Shares acquired pursuant to these Restricted Stock Units or cash from the sale of such Shares may be deposited. Furthermore,
you acknowledge and understand that the transfer of the Data to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties is necessary for your participation in the Plan. 

(c)    You understand that the Data will be held only as long as is necessary to implement, administer and manage
your participation in the Plan. You understand that you may, at any time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents
herein by contacting your local human resources representative in writing. Further, you understand that you are providing the consents herein on a purely voluntary basis. If you do not consent, or if you later seek to revoke your consent, your
employment status or service and career with the Employer will not be affected; the only consequence of refusing or withdrawing your consent is that the Company would not be able to grant you Restricted Stock Units or other equity awards, or
administer or maintain such awards. You further acknowledge that withdrawal of consent may affect your ability to vest in or realize benefits from these Restricted Stock Units and your ability to participate in the
Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 

(d)    The collection, use and transfer of Data for the purpose of implementing, administering and managing your
participation in the Plan is conducted in accordance with the Company’s Global HR Data Protection Policy. 

 14.    No Entitlement or Claims for Compensation. As a
condition to, and in consideration of, the grant, vesting, and settlement of the Restricted Stock Units, and in receiving the Restricted Stock Units, Shares, or any benefit relating to the Restricted Stock Units, you acknowledge and agree that: 

(a)    Your rights, if any, in respect of or in connection with these Restricted Stock Units or any
other Award are derived solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. The Plan may be amended, suspended or terminated by the Company at any time, to the
extent permitted by the Plan and this Agreement. 
 (b)    the grant of the Restricted Stock Units is exceptional,
voluntary and occasional and does not create any contractual or other right to receive future grants of Restricted Stock Units, even if Restricted Stock Units have been granted in the past. By accepting these Restricted Stock Units, you expressly
acknowledge that there is no obligation on the part of the Company to continue the Plan and/or grant any additional Restricted Stock Units to you or benefits in lieu of Restricted Stock Units. All decisions with respect to future grants of
Restricted Stock Units, if any, will be at the sole discretion of the Committee. 
 (c)    The Restricted Stock Units
and the Shares subject to the Restricted Stock Units and the income and value of the same are not intended to replace any pension rights or compensation and are not to be considered compensation of a continuing or recurring nature, or part of your
normal or expected compensation, and in no way represent any portion of your salary, compensation or other remuneration for any purpose, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end
of service payments, bonuses, long-service awards, leave-related payments, holiday pay, pension, retirement or welfare benefits or similar payments, and in no event should be considered as compensation for, or relating in any way to, past services
for the Company, the Employer or any Parent, Subsidiary or Affiliate. The value of the Restricted Stock Units is an extraordinary item that does not constitute compensation of any kind for services of any kind rendered to the
Company, the Employer or any Parent, Subsidiary or Affiliate and which is outside the scope of your written employment or service agreement (if any). 

(d)    You acknowledge that you are voluntarily participating in the Plan. 

(e)    Neither the Plan nor these Restricted Stock Units or any other Award granted under the Plan shall be deemed to give
you a right to remain an Employee, Consultant or director of the Company, a Parent, Subsidiary or an Affiliate. The Employer reserves the right to terminate your Service at any time, with or without cause, and for any reason. 

(f)    The grant of the Restricted Stock Units and your participation in the Plan will not be interpreted to form or amend
an employment contract or service relationship with the Company, the Employer or any Parent, Subsidiary or Affiliate. 

(g)    The future value of the underlying Shares is unknown, indeterminable and cannot be predicted with certainty and if
you vest in the Restricted Stock Units and are issued Shares, the value of those Shares may increase or decrease. You also understand that none of the Company, the Employer or any Parent, Subsidiary or Affiliate is responsible for any foreign
exchange fluctuation between the Employer’s local currency and the United States Dollar that may affect the value of this Award. 

(h)    No claim or entitlement to compensation or damages shall arise from forfeiture of the Restricted Stock Units
resulting from the termination of your Service by the Company or the Employer (for any reason whatsoever and whether or not later found to be invalid or in breach of the employment laws in the jurisdiction where you are employed or providing
Service, or the terms of your employment or service agreement, if any) and, in consideration of the grant of the Award to which you are not otherwise entitled, you irrevocably agree never to institute any claim against the Employer, the Company or
its Parent, Subsidiaries or Affiliates, waive your ability, if any, to bring any such claim, and release the Company and its Parent, Subsidiaries and Affiliates from any such claim; if notwithstanding the foregoing, any such claim is allowed by a
court of competent jurisdiction, then, by accepting the Award, you shall be deemed irrevocably to have agreed to not pursue such claim and agree to execute any and all documents necessary to request the withdrawal of such claim. 

(i)    You agree that the Company may require Shares received pursuant to the Restricted Stock Units to be held by a
broker designated by the Company. 
 (j)    You agree that your rights hereunder (if any) shall be subject to set-off by the Company for any valid debts you owe the Company. 
 (k)    Unless
otherwise provided in the Plan or this Agreement, or by the Company in its discretion, the Restricted Stock Units and the benefits evidenced by this Agreement do not create any entitlement to have the Restricted Stock Units transferred to, or
assumed by, another company, nor to be exchanged, cashed out or substituted for in connection with any Corporate Transaction affecting the Common Stock. 

15.    Governing Law and Forum. This Agreement shall be governed by and construed in accordance with the
laws of the State of California without regard to the conflict of laws principles thereof. For purposes of litigating any dispute that may arise directly or indirectly from this Agreement, the parties hereby submit and consent to litigation in the
exclusive jurisdiction of the State of California and agree that any such litigation shall be conducted only in the courts of California or the federal courts for the United States for the Northern District of California and no other courts. 

16.    Notices. Any notice required or permitted under the terms of this Agreement shall be in writing and
shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the mail, as certified or registered mail, with postage prepaid, and addressed to the Company
at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently modified by written notice to the other party. 

 17.    Binding Effect. Subject to the limitations set
forth in this Agreement, this Agreement shall be binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

18.    Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall
be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

19.    Waiver. You agree that a waiver by the Company of a breach of any provision of this Agreement shall
not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by you or any other participant. 

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

21.    Language. If this Agreement or any other document related to the Plan is translated into a language
other than English and the meaning of the translated version is different from the English version, the English version will take precedence. 

22.    Exchange Control, Tax And/Or Foreign Asset/Account Reporting. You acknowledge that there may be
exchange control, tax, foreign asset and/or account reporting requirements which may affect your ability to acquire or hold Shares acquired under the Plan or cash received from participating in the Plan (including from any dividends paid on Shares
acquired under the Plan) in a brokerage/bank account or legal entity outside your country. You may be required to report such accounts, assets, the balances therein, the value thereof and/or the transactions related thereto to the tax or other
authorities in your country. You also may be required to repatriate sale proceeds or other funds received as a result of your participation in the Plan to your country through a designated bank or broker within a certain time after receipt. You
acknowledge that it is your responsibility to be compliant with such regulations and you should consult your personal legal advisor for any details. 

23.    Appendix. Notwithstanding any provisions in this Agreement, the Restricted Stock Units shall be
subject to any special terms and conditions set forth in any Appendix to this Agreement for your country of residence. Moreover, if you relocate to one of the countries included in the Appendix, the special terms and conditions for such country will
apply to you, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this
Agreement. 
 24.    Committee Policies. The Restricted Stock Units shall be subject to any special terms
and conditions set forth in any applicable policy (and any amendments thereto) that the Committee (or a designee of the Committee) has adopted or will adopt in the future, including, but not limited to, any policy related to the vesting or transfer
of equity awards. 
 25.    Imposition of Other Requirements. The Company reserves the right to impose
other requirements on your participation in the Plan, on the Restricted Stock Units and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the
administration of the Plan. You agree to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. Furthermore, you acknowledge that the laws of the country in which you are working at the time of grant,
vesting and settlement of the Restricted Stock Units or the sale of Shares received pursuant to this Agreement (including any rules or regulations governing securities, foreign exchange, tax, labor, or other matters) may subject you to additional
procedural or regulatory requirements that you are and will be solely responsible for and must fulfill. 

26.    Acceptance of Agreement. You may accept this Award either by (a) clicking on the “I
agree” button below at any time before the First Vest Date or (b) doing nothing and your Award will be automatically accepted on your behalf on the First Vest Date. 

*                *       
         *                * 

By accepting your Award in accordance with Section 26 of this Agreement, you agree to be bound by the terms and conditions of this
Agreement. 
 PLEASE PRINT AND KEEP A COPY FOR YOUR RECORDS 

 (For Grants Beginning in September 2018 

and Prior to September 2020) 

CISCO SYSTEMS, INC. 

STOCK UNIT AGREEMENT 

This Stock Unit Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by and between Cisco
Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005 Stock Incentive Plan (the “Plan”). The material terms of this Stock Unit Award are as follows: 

 

			
	 Employee ID:
	 	 
		
	 Grant Date:
	 	 
		
	 Grant Number:
	 	 
		
	 Restricted Stock Units:
	 	 
		
	 First Vest Date:
	 	 

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning
ascribed to them in the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, and as a condition to and in
consideration of the grant, vesting, and settlement of the Restricted Stock Units and your receipt of any Shares or any related benefit thereunder, the parties agree as follows: 

1.    Restricted Stock Units. Pursuant to the Plan, the Company hereby grants to you, and you hereby accept
from the Company, Restricted Stock Units, each of which is a bookkeeping entry representing the equivalent in value of one (1) Share, on the terms and conditions set forth herein and in the Plan. By accepting (whether in writing, electronically
or otherwise) the Restricted Stock Units, or by otherwise receiving the Restricted Stock Units, Shares, or any benefit relating thereto, you acknowledge that the Restricted Stock Units and any Shares issued thereunder and your participation in the
Plan are subject to such terms and conditions, and you agree to such terms and conditions. 
 2.    Vesting of
Restricted Stock Units. So long as your Service continues, the Restricted Stock Units shall vest in accordance with the following schedule: [                 ],
unless otherwise provided by the Plan or Section 4 below. If you take a leave of absence, the Company may, at its discretion, suspend vesting during the period of leave or pro-rate the Restricted Stock
Units to the extent permitted under the employment laws in the jurisdiction where you are providing Service or under the terms of your employment or service agreement, if any, notwithstanding the Company’s Vesting Policy for Leaves of Absence.

 3.    Termination of Service. In the event of the termination of your Service for any reason (whether
or not later found to be invalid or in breach of the employment laws in the jurisdiction where you are employed or providing Service, or the terms of your employment or service agreement, if any), all unvested Restricted Stock Units shall be
immediately forfeited without consideration. For purposes of the preceding sentence, your right to vest in the Restricted Stock Units will terminate effective as of the date that you are no longer providing Service, and the Company shall have the
exclusive discretion to determine when you are no longer providing Service for purposes of the Restricted Stock Units. 

4.    Special Acceleration. 

(a)    To the extent the Restricted Stock Units are outstanding at the time of a Corporate Transaction, such Restricted
Stock Units shall automatically become vested in full immediately prior to the effective date of the Corporate Transaction. No such accelerated vesting, however, shall occur if and to the extent: (i) these Restricted Stock Units are, in
connection with the Corporate Transaction, either assumed by the successor corporation (or parent thereof) or replaced with comparable restricted stock units of the successor corporation (or parent thereof) or (ii) these Restricted Stock Units
are replaced with a cash incentive program of the successor corporation which complies with Code Section 409A and preserves the fair market value of the Restricted Stock Units at the time of the Corporate Transaction and provides for subsequent
pay-out in accordance with the settlement provisions set forth in Section 5 below. The determination of the comparability of restricted stock units under clause (i) shall be made by the Committee,
and such determination shall be final, binding and conclusive. 
 (b)    Immediately following the effective date of the
Corporate Transaction, this Agreement shall terminate and cease to be outstanding, except as set forth in Section 5 below with respect to the deferred settlement of Restricted Stock Units or to the extent assumed by the successor corporation
(or parent thereof) in connection with the Corporate Transaction. 
 (c)    If this Agreement is assumed in connection
with a Corporate Transaction, then the Committee shall appropriately adjust the number of units and the kind of shares or securities to be issued pursuant to this Agreement immediately after such Corporate Transaction. 

(d)    This Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize or otherwise
change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

5.    Settlement of Restricted Stock Units. To the extent you are eligible but have not elected to defer
settlement of the Restricted Stock Units, the Restricted Stock Units shall be automatically settled in Shares upon vesting of such Restricted Stock Units, 

 
provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless and until you have satisfied any applicable
Tax-Related Items, as described and defined in Section 6 below, and such issuance otherwise complies with all applicable laws. To the extent you are eligible but have elected to defer settlement of the
Restricted Stock Units, the vested portion of the Restricted Stock Units shall be settled in Shares upon the earlier of: (a) your separation from service within the meaning of Code Section 409A (“Separation from Service”) and
(b) the fixed payment date elected by you, if any, at the time of such deferral (which shall be the first business day of a year no earlier than six years after the year of the Grant Date in accordance with procedures approved by the
Committee), provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless such issuance complies with all applicable law. Notwithstanding the foregoing, to the extent your Restricted Stock Units would otherwise
be settled upon your Separation from Service, such settlement shall instead occur upon the Company’s first business day following the six-month anniversary of your Separation from Service. Prior to the
time that the Restricted Stock Units are settled, you shall have no rights other than those of a general creditor of the Company. The Restricted Stock Units represent an unfunded and unsecured obligation of the Company. 

6.    Taxes. 

(a)    Regardless of any action the Company or your employer (the “Employer”) takes with respect to any and all
income tax, social taxes or insurance contributions, payroll tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you (“Tax-Related Items”), and as a condition to and in consideration of the grant, vesting, and settlement of the Restricted Stock Units, you acknowledge that the ultimate liability for all Tax-Related Items with respect to the Restricted Stock Units is and remains your responsibility and may exceed the amount, if any, actually withheld by the Company or the Employer. You further acknowledge that the
Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Restricted Stock Units, including the grant,
vesting or settlement of the Restricted Stock Units, or the subsequent sale of any Shares acquired at vesting or the receipt of any dividends with respect to such Shares, and (ii) do not commit to and are under no obligation to structure the
terms or any aspect of the Restricted Stock Units to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. Further, if you become subject to taxation in more than one
jurisdiction between the Grant Date and the date of any relevant taxable event, you acknowledge that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for
Tax-Related Items in more than one jurisdiction. 
 (b)    Prior to any relevant
tax, withholding or required deduction event, as applicable, and in order to receive any Shares or other benefit in relation to the Restricted Stock Units, you agree to make arrangements satisfactory to the Company for the satisfaction of any
applicable tax, withholding, required deduction and payment on account of any obligations of the Company and/or the Employer that arise in connection with the Restricted Stock Units. In this regard, you authorize the Company and/or the Employer, or
their respective agents, at their discretion, to satisfy any obligations related to Tax-Related Items by one or a combination of the following: (1) withholding from your wages or other cash compensation
payable to you by the Company or the Employer; (2) withholding from proceeds of the sale of Shares acquired upon settlement of the Restricted Stock Units either through a voluntary sale or through a mandatory sale arranged by the Company (on
your behalf pursuant to this authorization); (3) withholding of Shares that would otherwise be issued upon settlement of the Restricted Stock Units; or (4) requiring you to satisfy the liability for
Tax-Related Items by means of any other arrangement approved by the Company. 

(c)    If the obligation for Tax-Related Items is satisfied by withholding Shares,
for tax purposes, you are deemed to have been issued the full number of Shares subject to the vested Restricted Stock Units, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of your participation in the Plan. You agree to provide the Company and/or its stock plan broker/administrator with the information necessary to manage your Tax-Related Items withholding and acknowledge that should you fail to provide such information on a timely basis, the Company and/or its stock plan broker/administrator may be obligated to withhold amounts from you
and it may be necessary for you to seek a refund directly from the tax authorities. Depending on the withholding method, the Company or Employer may withhold or account for Tax-Related Items by considering
applicable minimum statutory withholding amounts or other applicable withholding rates, including maximum applicable rates. 

(d)    Finally, you will pay to the Company or the Employer any amount of
Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of your participation in the Plan or your acquisition of Shares that cannot be satisfied by the means
previously described. The Company shall not be required to issue or deliver Shares pursuant to this Agreement unless and until such obligations are satisfied. 

7.    Tax and Legal Advice. You represent, warrant and acknowledge that neither the Company nor your
Employer have made any warranties or representations to you with respect to any Tax-Related Items, legal or financial consequences of the transactions contemplated by this Agreement, and you are in no manner
relying on the Company, the Employer or the Company’s or the Employer’s representatives for an assessment of such consequences. YOU UNDERSTAND THAT THE LAWS GOVERNING THIS AWARD ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN
PROFESSIONAL TAX, LEGAL AND FINANCIAL ADVISOR REGARDING ANY RESTRICTED STOCK UNITS. YOU UNDERSTAND THAT THE COMPANY AND THE EMPLOYER ARE NOT PROVIDING ANY TAX, LEGAL, OR FINANCIAL ADVICE, NOR IS THE COMPANY OR THE EMPLOYER MAKING ANY RECOMMENDATION
REGARDING YOUR ACCEPTANCE OF THIS AWARD. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER OR OTHER PENALTIES. 

8.    Non-Transferability of Restricted Stock Units. Restricted
Stock Units shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation of law. 

9.    Restriction on Transfer. Regardless of whether the transfer or issuance of the Shares to be issued
pursuant to the Restricted Stock Units has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose additional restrictions upon the sale, pledge, or other transfer
of the Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s counsel, such
restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law, including all applicable foreign laws. 

10.    Restrictive Legends and Stop-Transfer Instructions. Stock certificates evidencing the Shares issued
pursuant to the Restricted Stock Units may bear such restrictive legends and/or appropriate stop-transfer instructions may be issued to the Company’s transfer agent as the Company and the Company’s counsel deem necessary under applicable
law or pursuant to this Agreement. 
 11.    Representations, Warranties, Covenants, and Acknowledgments.
You hereby agree that in the event the Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Shares issued pursuant to the Restricted Stock Units may be conditioned
upon you making certain representations, warranties, and acknowledgments relating to compliance with applicable laws. 

 12.    Voting, Dividend and Other Rights. Subject to the
terms of this Agreement and except as set forth below, you shall not have any voting rights or any other rights and privileges of a shareholder of the Company unless and until the Restricted Stock Units are settled in Shares. To the extent you have
elected to defer settlement of the Restricted Stock Units, dividend equivalents shall only accrue after the vesting of the Restricted Stock Units and will be subject to the same conditions and restrictions as the Restricted Stock Units to which they
attach as set forth in the Plan or this Agreement and will be settled in additional Shares upon the settlement of the Restricted Stock Units as set forth in Section 5 above. 

13.    Authorization to Release and Transfer Necessary Personal Information. 

(a)    You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other
form, of your personal information as described in this Agreement by and among, as applicable, the Employer, and the Company and its Parent, Subsidiaries and Affiliates for the exclusive purpose of implementing, administering and managing your
participation in the Plan. 
 (b)    You understand that the Company and the Employer may hold certain
personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number (or any other social or national identification number), salary, nationality, job title, residency
status, any Shares or directorships held in the Company, details of all Restricted Stock Units or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding (the “Data”) for the purpose of implementing,
administering and managing your participation in the Plan. You understand that the Data may be transferred to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties assisting in the implementation, administration and
management of the Plan, that these recipients may be located in your country or elsewhere, including outside the European Economic Area, and that the recipient’s country (e.g., the United States) may have different data privacy laws and
protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the recipients to receive, possess,
use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to a broker or other third party
assisting with the administration of these Restricted Stock Units under the Plan or with whom Shares acquired pursuant to these Restricted Stock Units or cash from the sale of such Shares may be deposited. Furthermore, you acknowledge and understand
that the transfer of the Data to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties is necessary for your participation in the Plan. 

(c)    You understand that the Data will be held only as long as is necessary to implement, administer and manage
your participation in the Plan. You understand that you may, at any time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents
herein by contacting your local human resources representative in writing. Further, you understand that you are providing the consents herein on a purely voluntary basis. If you do not consent, or if you later seek to revoke your consent, your
employment status or service and career with the Employer will not be affected; the only consequence of refusing or withdrawing your consent is that the Company would not be able to grant you Restricted Stock Units or other equity awards, or
administer or maintain such awards. You further acknowledge that withdrawal of consent may affect your ability to vest in or realize benefits from these Restricted Stock Units and your ability to participate in the
Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 

(d)    The collection, use and transfer of Data for the purpose of implementing, administering and managing your
participation in the Plan is conducted in accordance with the Company’s Global HR Data Protection Policy. 

14.    No Entitlement or Claims for Compensation. As a condition to, and in consideration of, the grant,
vesting, and settlement of the Restricted Stock Units, and in receiving the Restricted Stock Units, Shares, or any benefit relating to the Restricted Stock Units, you acknowledge and agree that: 

(a)    Your rights, if any, in respect of or in connection with these Restricted Stock Units or any other
Award are derived solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. The Plan may be amended, suspended or terminated by the Company at any time, to the extent
permitted by the Plan and this Agreement. 
 (b)    the grant of the Restricted Stock Units is exceptional, voluntary
and occasional and does not create any contractual or other right to receive future grants of Restricted Stock Units, even if Restricted Stock Units have been granted in the past. By accepting these Restricted Stock Units, you expressly acknowledge
that there is no obligation on the part of the Company to continue the Plan and/or grant any additional Restricted Stock Units to you or benefits in lieu of Restricted Stock Units. All decisions with respect to future grants of Restricted Stock
Units, if any, will be at the sole discretion of the Committee. 
 (c)    The Restricted Stock Units and the Shares
subject to the Restricted Stock Units and the income and value of the same are not intended to replace any pension rights or compensation and are not to be considered compensation of a continuing or recurring nature, or part of your normal or
expected compensation, and in no way represent any portion of your salary, compensation or other remuneration for any purpose, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service
payments, bonuses, long-service awards, leave-related payments, holiday pay, pension, retirement or welfare benefits or similar payments, and in no event should be considered as compensation for, or relating in any way to, past services for the
Company, the Employer or any Parent, Subsidiary or Affiliate. The value of the Restricted Stock Units is an extraordinary item that does not constitute compensation of any kind for services of any kind rendered to the Company, the
Employer or any Parent, Subsidiary or Affiliate and which is outside the scope of your written employment or service agreement (if any). 

(d)    You acknowledge that you are voluntarily participating in the Plan. 

(e)    Neither the Plan nor these Restricted Stock Units or any other Award granted under the Plan shall be deemed to give
you a right to remain an Employee, Consultant or director of the Company, a Parent, Subsidiary or an Affiliate. The Employer reserves the right to terminate your Service at any time, with or without cause, and for any reason. 

(f)    The grant of the Restricted Stock Units and your participation in the Plan will not be interpreted to form or amend
an employment contract or service relationship with the Company, the Employer or any Parent, Subsidiary or Affiliate. 

(g)    The future value of the underlying Shares is unknown, indeterminable and cannot be predicted with certainty and if
you vest in the Restricted Stock Units and are issued Shares, the value of those Shares may increase or decrease. You also understand that none of the Company, the Employer or any Parent, Subsidiary or Affiliate is responsible for any foreign
exchange fluctuation between the Employer’s local currency and the United States Dollar that may affect the value of this Award. 

(h)    No claim or entitlement to compensation or damages shall arise from forfeiture of the Restricted Stock Units
resulting from the termination of your Service by the Company or the Employer (for any reason whatsoever and whether or not later found to be invalid or in breach of the employment laws in the jurisdiction where you are employed or providing
Service, or the terms of your employment or service agreement, if any) and, in consideration of the grant of the Award to which you are not otherwise entitled, you 

 
irrevocably agree never to institute any claim against the Employer, the Company or its Parent, Subsidiaries or Affiliates, waive your ability, if any, to bring any such claim, and release the
Company and its Parent, Subsidiaries and Affiliates from any such claim; if notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by accepting the Award, you shall be deemed irrevocably to have agreed
to not pursue such claim and agree to execute any and all documents necessary to request the withdrawal of such claim. 

(i)    You agree that the Company may require Shares received pursuant to the Restricted Stock Units to be held by a
broker designated by the Company. 
 (j)    You agree that your rights hereunder (if any) shall be subject to set-off by the Company for any valid debts you owe the Company. 
 (k)    Unless
otherwise provided in the Plan or this Agreement, or by the Company in its discretion, the Restricted Stock Units and the benefits evidenced by this Agreement do not create any entitlement to have the Restricted Stock Units transferred to, or
assumed by, another company, nor to be exchanged, cashed out or substituted for in connection with any Corporate Transaction affecting the Common Stock. 

15.    Governing Law and Forum. This Agreement shall be governed by and construed in accordance with the
laws of the State of California without regard to the conflict of laws principles thereof. For purposes of litigating any dispute that may arise directly or indirectly from this Agreement, the parties hereby submit and consent to litigation in the
exclusive jurisdiction of the State of California and agree that any such litigation shall be conducted only in the courts of California or the federal courts for the United States for the Northern District of California and no other courts. 

16.    Notices. Any notice required or permitted under the terms of this Agreement shall be in writing and
shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the mail, as certified or registered mail, with postage prepaid, and addressed to the Company
at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently modified by written notice to the other party. 

17.    Binding Effect. Subject to the limitations set forth in this Agreement, this Agreement shall be
binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

18.    Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall
be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

19.    Waiver. You agree that a waiver by the Company of a breach of any provision of this Agreement shall
not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by you or any other participant. 

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

21.    Language. If this Agreement or any other document related to the Plan is translated into a language
other than English and the meaning of the translated version is different from the English version, the English version will take precedence. 

22.    Exchange Control, Tax And/Or Foreign Asset/Account Reporting. You acknowledge that there may
be exchange control, tax, foreign asset and/or account reporting requirements which may affect your ability to acquire or hold Shares acquired under the Plan or cash received from participating in the Plan (including from any dividends paid on
Shares acquired under the Plan) in a brokerage/bank account or legal entity outside your country. You may be required to report such accounts, assets, the balances therein, the value thereof and/or the transactions related thereto to the tax or
other authorities in your country. You also may be required to repatriate sale proceeds or other funds received as a result of your participation in the Plan to your country through a designated bank or broker within a certain time after receipt.
You acknowledge that it is your responsibility to be compliant with such regulations and you should consult your personal legal advisor for any details. 

23.    Appendix. Notwithstanding any provisions in this Agreement, the Restricted Stock Units shall be
subject to any special terms and conditions set forth in any Appendix to this Agreement for your country of residence. Moreover, if you relocate to one of the countries included in the Appendix, the special terms and conditions for such country will
apply to you, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this
Agreement. 
 24.    Committee Policies. The Restricted Stock Units shall be subject to any special terms
and conditions set forth in any applicable policy (and any amendments thereto) that the Committee (or a designee of the Committee) has adopted or will adopt in the future, including, but not limited to, any policy related to the vesting or transfer
of equity awards. 
 25.    Imposition of Other Requirements. The Company reserves the right to
impose other requirements on your participation in the Plan, on the Restricted Stock Units and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate
the administration of the Plan. You agree to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. Furthermore, you acknowledge that the laws of the country in which you are working at the time of grant,
vesting and settlement of the Restricted Stock Units or the sale of Shares received pursuant to this Agreement (including any rules or regulations governing securities, foreign exchange, tax, labor, or other matters) may subject you to additional
procedural or regulatory requirements that you are and will be solely responsible for and must fulfill. 

26.    Acceptance of Agreement. You may accept this Award either by (a) clicking on the “I
agree” button below at any time before the First Vest Date or (b) doing nothing and your Award will be automatically accepted on your behalf on the First Vest Date. 

*                *       
         *                * 

By accepting your Award in accordance with Section 26 of this Agreement, you agree to be bound by the terms and conditions of this
Agreement. 
 PLEASE PRINT AND KEEP A COPY FOR YOUR RECORDS 

 (For Grants Beginning in September 2017 

and Prior to September 2018) 

CISCO SYSTEMS, INC. 

STOCK UNIT AGREEMENT 
 This Stock
Unit Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by and between Cisco Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005
Stock Incentive Plan (the “Plan”). The material terms of this Stock Unit Award are as follows: 
  

			
	 Employee ID:
	 	 
		
	 Grant Date:
	 	 
		
	 Grant Number:
	 	 
		
	 Restricted Stock Units:
	 	 
		
	 First Vest Date:
	 	 

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning
ascribed to them in the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, and as a condition to and in
consideration of the grant, vesting, and settlement of the Restricted Stock Units and your receipt of any Shares or any related benefit thereunder, the parties agree as follows: 

1.    Restricted Stock Units. Pursuant to the Plan, the Company hereby grants to you, and you hereby accept
from the Company, Restricted Stock Units, each of which is a bookkeeping entry representing the equivalent in value of one (1) Share, on the terms and conditions set forth herein and in the Plan. By accepting (whether in writing, electronically
or otherwise) the Restricted Stock Units, or by otherwise receiving the Restricted Stock Units, Shares, or any benefit relating thereto, you acknowledge that the Restricted Stock Units and any Shares issued thereunder and your participation in the
Plan are subject to such terms and conditions, and you agree to such terms and conditions. 
 2.    Vesting of
Restricted Stock Units. So long as your Service continues, the Restricted Stock Units shall vest in accordance with the following schedule: [______________________], unless otherwise provided by the Plan or Section 4 below. If you take
a leave of absence, the Company may, at its discretion, suspend vesting during the period of leave or pro-rate the Restricted Stock Units to the extent permitted under the employment laws in the jurisdiction
where you are providing Service or under the terms of your employment or service agreement, if any, notwithstanding the Company’s Vesting Policy for Leaves of Absence. 

3.    Termination of Service. In the event of the termination of your Service for any reason (whether or not
later found to be invalid or in breach of the employment laws in the jurisdiction where you are employed or providing Service, or the terms of your employment or service agreement, if any), all unvested Restricted Stock Units shall be immediately
forfeited without consideration. For purposes of the preceding sentence, your right to vest in the Restricted Stock Units will terminate effective as of the date that you are no longer providing Service, and the Company shall have the exclusive
discretion to determine when you are no longer providing Service for purposes of the Restricted Stock Units. 

4.    Special Acceleration. 

(a)    To the extent the Restricted Stock Units are outstanding at the time of a Corporate Transaction, such Restricted
Stock Units shall automatically become vested in full immediately prior to the effective date of the Corporate Transaction. No such accelerated vesting, however, shall occur if and to the extent: (i) these Restricted Stock Units are, in
connection with the Corporate Transaction, either assumed by the successor corporation (or parent thereof) or replaced with comparable restricted stock units of the successor corporation (or parent thereof) or (ii) these Restricted Stock Units
are replaced with a cash incentive program of the successor corporation which complies with Code Section 409A and preserves the fair market value of the Restricted Stock Units at the time of the Corporate Transaction and provides for subsequent
pay-out in accordance with the settlement provisions set forth in Section 5 below. The determination of the comparability of restricted stock units under clause (i) shall be made by the Committee,
and such determination shall be final, binding and conclusive. 
 (b)    Immediately following the effective date of the
Corporate Transaction, this Agreement shall terminate and cease to be outstanding, except as set forth in Section 5 below with respect to the deferred settlement of Restricted Stock Units or to the extent assumed by the successor corporation
(or parent thereof) in connection with the Corporate Transaction. 
 (c)    If this Agreement is assumed in connection
with a Corporate Transaction, then the Committee shall appropriately adjust the number of units and the kind of shares or securities to be issued pursuant to this Agreement immediately after such Corporate Transaction. 

(d)    This Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize or otherwise
change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

 5.    Settlement of Restricted Stock Units. To the extent
you are eligible but have not elected to defer settlement of the Restricted Stock Units, the Restricted Stock Units shall be automatically settled in Shares upon vesting of such Restricted Stock Units, provided that the Company shall have no
obligation to issue Shares pursuant to this Agreement unless and until you have satisfied any applicable Tax-Related Items, as described and defined in Section 6 below, and such issuance otherwise
complies with all applicable laws. To the extent you are eligible but have elected to defer settlement of the Restricted Stock Units, the vested portion of the Restricted Stock Units shall be settled in Shares upon the earlier of: (a) your
separation from service within the meaning of Code Section 409A (“Separation from Service”) and (b) the fixed payment date elected by you, if any, at the time of such deferral (which shall be the first business day of a year no
earlier than six years after the year of the Grant Date in accordance with procedures approved by the Committee), provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless such issuance complies with all
applicable law. Notwithstanding the foregoing, to the extent your Restricted Stock Units would otherwise be settled upon your Separation from Service, such settlement shall instead occur upon the Company’s first business day following the six-month anniversary of your Separation from Service. Prior to the time that the Restricted Stock Units are settled, you shall have no rights other than those of a general creditor of the Company. The Restricted
Stock Units represent an unfunded and unsecured obligation of the Company. 
 6.    Taxes. 

(a)    Regardless of any action the Company or your employer (the “Employer”) takes with respect to any and all
income tax, social taxes or insurance contributions, payroll tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you (“Tax-Related Items”), and as a condition to and in consideration of the grant, vesting, and settlement of the Restricted Stock Units, you acknowledge that the ultimate liability for all Tax-Related Items with respect to the Restricted Stock Units is and remains your responsibility and may exceed the amount actually withheld by the Company or the Employer. You further acknowledge that the Company
and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Restricted Stock Units, including the grant, vesting
or settlement of the Restricted Stock Units, or the subsequent sale of any Shares acquired at vesting or the receipt of any dividends with respect to such Shares, and (ii) do not commit to and are under no obligation to structure the terms or
any aspect of the Restricted Stock Units to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. Further, if you become subject to taxation in more than one
jurisdiction between the Grant Date and the date of any relevant taxable event, you acknowledge that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for
Tax-Related Items in more than one jurisdiction. 
 (b)    Prior to any relevant
tax, withholding or required deduction event, as applicable, and in order to receive any Shares or other benefit in relation to the Restricted Stock Units, you agree to make arrangements satisfactory to the Company for the satisfaction of any
applicable tax, withholding, required deduction and payment on account of any obligations of the Company and/or the Employer that arise in connection with the Restricted Stock Units. In this regard, you authorize the Company and/or the Employer, or
their respective agents, at their discretion, to satisfy any obligations related to Tax-Related Items by one or a combination of the following: (1) withholding from your wages or other cash compensation
payable to you by the Company or the Employer; (2) withholding from proceeds of the sale of Shares acquired upon settlement of the Restricted Stock Units either through a voluntary sale or through a mandatory sale arranged by the Company (on
your behalf pursuant to this authorization); (3) withholding of Shares that would otherwise be issued upon settlement of the Restricted Stock Units; or (4) requiring you to satisfy the liability for
Tax-Related Items by means of any other arrangement approved by the Company. If the obligation for Tax-Related Items is satisfied by withholding Shares, for tax
purposes, you are deemed to have been issued the full number of Shares subject to the vested Restricted Stock Units, notwithstanding that a number of the Shares are held back solely for the purpose of paying the
Tax-Related Items due as a result of any aspect of your participation in the Plan. You agree to provide the Company and/or its stock plan broker/administrator with the information necessary to manage your Tax-Related Items withholding and acknowledge that should you fail to provide such information on a timely basis, the Company and/or its stock plan broker/administrator may be obligated to withhold amounts from you
and it may be necessary for you to seek a refund directly from the tax authorities. Depending on the withholding method, the Company or Employer may withhold or account for Tax-Related Items by considering
applicable minimum statutory withholding amounts or other applicable withholding rates, including maximum applicable rates. 

(c)    Finally, you will pay to the Company or the Employer any amount of
Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of your participation in the Plan or your acquisition of Shares that cannot be satisfied by the means
previously described. The Company shall not be required to issue or deliver Shares pursuant to this Agreement unless and until such obligations are satisfied. 

7.    Tax and Legal Advice. You represent, warrant and acknowledge that neither the Company nor your
Employer have made any warranties or representations to you with respect to any Tax-Related Items, legal or financial consequences of the transactions contemplated by this Agreement, and you are in no manner
relying on the Company, the Employer or the Company’s or the Employer’s representatives for an assessment of such consequences. YOU UNDERSTAND THAT THE LAWS GOVERNING THIS AWARD ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN
PROFESSIONAL TAX, LEGAL AND FINANCIAL ADVISOR REGARDING ANY RESTRICTED STOCK UNITS. YOU UNDERSTAND THAT THE COMPANY AND THE EMPLOYER ARE NOT PROVIDING ANY TAX, LEGAL, OR FINANCIAL ADVICE, NOR IS THE COMPANY OR THE EMPLOYER MAKING ANY RECOMMENDATION
REGARDING YOUR ACCEPTANCE OF THIS AWARD. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER OR OTHER PENALTIES. 

8.    Non-Transferability of Restricted Stock Units. Restricted
Stock Units shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation of law. 

9.    Restriction on Transfer. Regardless of whether the transfer or issuance of the Shares to be issued
pursuant to the Restricted Stock Units has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose additional restrictions upon the sale, pledge, or other transfer
of the Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s counsel, such
restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law, including all applicable foreign laws. 

10.    Restrictive Legends and Stop-Transfer Instructions. Stock certificates evidencing the Shares issued
pursuant to the Restricted Stock Units may bear such restrictive legends and/or appropriate stop-transfer instructions may be issued to the Company’s transfer agent as the Company and the Company’s counsel deem necessary under applicable
law or pursuant to this Agreement. 
 11.    Representations, Warranties, Covenants, and Acknowledgments.
You hereby agree that in the event the Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Shares issued pursuant to the Restricted Stock Units may be conditioned
upon you making certain representations, warranties, and acknowledgments relating to compliance with applicable laws. 

 12.    Voting, Dividend and Other Rights. Subject to the
terms of this Agreement and except as set forth below, you shall not have any voting rights or any other rights and privileges of a shareholder of the Company unless and until the Restricted Stock Units are settled in Shares. To the extent you have
elected to defer settlement of the Restricted Stock Units, dividend equivalents shall only accrue after the vesting of the Restricted Stock Units and will be subject to the same conditions and restrictions as the Restricted Stock Units to which they
attach as set forth in the Plan or this Agreement and will be settled in additional Shares upon the settlement of the Restricted Stock Units as set forth in Section 5 above. 

13.    Authorization to Release and Transfer Necessary Personal Information. 

(a)    You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other
form, of your personal information as described in this Agreement by and among, as applicable, the Employer, and the Company and its Parent, Subsidiaries and Affiliates for the exclusive purpose of implementing, administering and managing your
participation in the Plan. 
 (b)    You understand that the Company and the Employer may hold certain
personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number (or any other social or national identification number), salary, nationality, job title, residency
status, any Shares or directorships held in the Company, details of all Restricted Stock Units or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding (the “Data”) for the purpose of implementing,
administering and managing your participation in the Plan. You understand that the Data may be transferred to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties assisting in the implementation, administration and
management of the Plan, that these recipients may be located in your country or elsewhere, including outside the European Economic Area, and that the recipient’s country (e.g., the United States) may have different data privacy laws and
protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the recipients to receive, possess,
use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to a broker or other third party
assisting with the administration of these Restricted Stock Units under the Plan or with whom Shares acquired pursuant to these Restricted Stock Units or cash from the sale of such Shares may be deposited. Furthermore, you acknowledge and understand
that the transfer of the Data to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties is necessary for your participation in the Plan. 

(c)    You understand that the Data will be held only as long as is necessary to implement, administer and manage
your participation in the Plan. You understand that you may, at any time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents
herein by contacting your local human resources representative in writing. Further, you understand that you are providing the consents herein on a purely voluntary basis. If you do not consent, or if you later seek to revoke your consent, your
employment status or service and career with the Employer will not be affected; the only consequence of refusing or withdrawing your consent is that the Company would not be able to grant you Restricted Stock Units or other equity awards, or
administer or maintain such awards. You further acknowledge that withdrawal of consent may affect your ability to vest in or realize benefits from these Restricted Stock Units and your ability to participate in the
Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 

(d)    The collection, use and transfer of Data for the purpose of implementing, administering and managing your
participation in the Plan is conducted in accordance with the Company’s Global HR Data Protection Policy. 

14.    No Entitlement or Claims for Compensation. As a condition to, and in consideration of, the grant,
vesting, and settlement of the Restricted Stock Units, and in receiving the Restricted Stock Units, Shares, or any benefit relating to the Restricted Stock Units, you acknowledge and agree that: 

(a)    Your rights, if any, in respect of or in connection with these Restricted Stock Units or any other
Award are derived solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. The Plan may be amended, suspended or terminated by the Company at any time, unless otherwise
provided in the Plan and this Agreement. By accepting these Restricted Stock Units, you expressly acknowledge that there is no obligation on the part of the Company to continue the Plan and/or grant any additional Restricted Stock Units to you or
benefits in lieu of Restricted Stock Units, even if Restricted Stock Units have been granted in the past. All decisions with respect to future grants of Restricted Stock Units, if any, will be at the sole discretion of the Committee. 

(b)    The Restricted Stock Units and the Shares subject to the Restricted Stock Units are not intended to replace any
pension rights or compensation and are not to be considered compensation of a continuing or recurring nature, or part of your normal or expected compensation, and in no way represent any portion of your salary, compensation or other remuneration for
any purpose, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and in no event should
be considered as compensation for, or relating in any way to, past services for the Company, the Employer or any Parent, Subsidiary or Affiliate. The value of the Restricted Stock Units is an extraordinary item that does not constitute
compensation of any kind for services of any kind rendered to the Company, the Employer or any Parent, Subsidiary or Affiliate and which is outside the scope of your written employment or service agreement (if any). 

(c)    You acknowledge that you are voluntarily participating in the Plan. 

(d)    Neither the Plan nor these Restricted Stock Units or any other Award granted under the Plan shall be deemed to give
you a right to remain an Employee, Consultant or director of the Company, a Parent, Subsidiary or an Affiliate. The Employer reserves the right to terminate your Service at any time, with or without cause, and for any reason. 

(e)    The grant of the Restricted Stock Units and your participation in the Plan will not be interpreted to form an
employment contract or service relationship with the Company, the Employer or any Parent, Subsidiary or Affiliate. 

(f)    The future value of the underlying Shares is unknown, indeterminable and cannot be predicted with certainty and if
you vest in the Restricted Stock Units and are issued Shares, the value of those Shares may increase or decrease. You also understand that none of the Company, the Employer or any Parent, Subsidiary or Affiliate is responsible for any foreign
exchange fluctuation between the Employer’s local currency and the United States Dollar that may affect the value of this Award. 

(g)    No claim or entitlement to compensation or damages shall arise from forfeiture of the Restricted Stock Units
resulting from the termination of your Service by the Company or the Employer (for any reason whatsoever and whether or not later found to be invalid or in breach of the employment laws in the jurisdiction where you are employed or providing
Service, or the terms of your employment or service 

 
agreement, if any) and, in consideration of the grant of the Award to which you are not otherwise entitled, you irrevocably agree never to institute any claim against the Employer, the Company or
its Parent, Subsidiaries or Affiliates, waive your ability, if any, to bring any such claim, and release the Company and its Parent, Subsidiaries and Affiliates from any such claim; if notwithstanding the foregoing, any such claim is allowed by a
court of competent jurisdiction, then, by accepting the Award, you shall be deemed irrevocably to have agreed to not pursue such claim and agree to execute any and all documents necessary to request the withdrawal of such claim. 

(h)    You agree that the Company may require Shares received pursuant to the Restricted Stock Units to be held by a
broker designated by the Company. 
 (i)    You agree that your rights hereunder (if any) shall be subject to set-off by the Company for any valid debts you owe the Company. 
 (j)    Unless
otherwise provided in the Plan or this Agreement, or by the Company in its discretion, the Restricted Stock Units and the benefits evidenced by this Agreement do not create any entitlement to have the Restricted Stock Units transferred to, or
assumed by, another company, nor to be exchanged, cashed out or substituted for in connection with any Corporate Transaction affecting the Common Stock. 

15.    Governing Law and Forum. This Agreement shall be governed by and construed in accordance with the
laws of the State of California without regard to the conflict of laws principles thereof. For purposes of litigating any dispute that may arise directly or indirectly from this Agreement, the parties hereby submit and consent to litigation in the
exclusive jurisdiction of the State of California and agree that any such litigation shall be conducted only in the courts of California or the federal courts for the United States for the Northern District of California and no other courts. 

16.    Notices. Any notice required or permitted under the terms of this Agreement shall be in writing and
shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the mail, as certified or registered mail, with postage prepaid, and addressed to the Company
at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently modified by written notice to the other party. 

17.    Binding Effect. Subject to the limitations set forth in this Agreement, this Agreement shall be
binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

18.    Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall
be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

19.    Waiver. You agree that a waiver by the Company of a breach of any provision of this Agreement shall
not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by you or any other participant. 

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

21.    Language. If this Agreement or any other document related to the Plan is translated into a language
other than English and the meaning of the translated version is different from the English version, the English version will take precedence. 

22.    Appendix. Notwithstanding any provisions in this Agreement, the Restricted Stock Units shall be
subject to any special terms and conditions set forth in any Appendix to this Agreement for your country of residence. Moreover, if you relocate to one of the countries included in the Appendix, the special terms and conditions for such country will
apply to you, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this
Agreement. 
 23.    Committee Policies. The Restricted Stock Units shall be subject to any special terms
and conditions set forth in any applicable policy (and any amendments thereto) that the Committee (or a designee of the Committee) has adopted or will adopt in the future, including, but not limited to, any policy related to the vesting or transfer
of equity awards. 
 24.    Imposition of Other Requirements. The Company reserves the right to
impose other requirements on your participation in the Plan, on the Restricted Stock Units and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate
the administration of the Plan. You agree to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. Furthermore, you acknowledge that the laws of the country in which you are working at the time of grant,
vesting and settlement of the Restricted Stock Units or the sale of Shares received pursuant to this Agreement (including any rules or regulations governing securities, foreign exchange, tax, labor, or other matters) may subject you to additional
procedural or regulatory requirements that you are and will be solely responsible for and must fulfill. 

25.    Acceptance of Agreement. You may accept this Award either by (a) clicking on the “I
agree” button below at any time before the First Vest Date or (b) doing nothing and your Award will be automatically accepted on your behalf on the First Vest Date. 

*                *       
         *                * 

By accepting your Award in accordance with Section 25 of this Agreement, you agree to be bound by the terms and conditions of this
Agreement. 
 PLEASE PRINT AND KEEP A COPY FOR YOUR RECORDS 

 (For Grants Beginning May 31, 2017 

and Prior to September 2017) 

CISCO SYSTEMS, INC. 

STOCK UNIT AGREEMENT 

This Stock Unit Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by and between Cisco
Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005 Stock Incentive Plan (the “Plan”). The material terms of this Stock Unit Award are as follows: 

 

			
	 Employee ID:
	 	 
		
	 Grant Date:
	 	 
		
	 Grant Number:
	 	 
		
	 Restricted Stock Units:
	 	 
		
	 First Vest Date:
	 	 

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning
ascribed to them in the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, and as a condition to and in
consideration of the grant, vesting, and settlement of the Restricted Stock Units and your receipt of any Shares or any related benefit thereunder, the parties agree as follows: 

1.    Restricted Stock Units. Pursuant to the Plan, the Company hereby grants to you, and you hereby accept
from the Company, Restricted Stock Units, each of which is a bookkeeping entry representing the equivalent in value of one (1) Share, on the terms and conditions set forth herein and in the Plan. By accepting (whether in writing, electronically
or otherwise) the Restricted Stock Units, or by otherwise receiving the Restricted Stock Units, Shares, or any benefit relating thereto, you acknowledge that the Restricted Stock Units and any Shares issued thereunder and your participation in the
Plan are subject to such terms and conditions, and you agree to such terms and conditions. 
 2.    Vesting of
Restricted Stock Units. So long as your Service continues, the Restricted Stock Units shall vest in accordance with the following schedule: ______________ (___%) of the total number of Restricted Stock Units granted pursuant to this
Agreement shall vest on the First Vest Date and on each anniversary thereafter, unless otherwise provided by the Plan or Section 4 below. If you take a leave of absence, the Company may, at its discretion, suspend vesting during the period of
leave or pro-rate the Restricted Stock Units to the extent permitted under the employment laws in the jurisdiction where you are providing Service or under the terms of your employment or service agreement, if
any, notwithstanding the Company’s Vesting Policy for Leaves of Absence. 
 3.    Termination of
Service. In the event of the termination of your Service for any reason (whether or not later found to be invalid or in breach of the employment laws in the jurisdiction where you are employed or providing Service, or the terms of your
employment or service agreement, if any), all unvested Restricted Stock Units shall be immediately forfeited without consideration. For purposes of the preceding sentence, your right to vest in the Restricted Stock Units will terminate effective as
of the date that you are no longer providing Service, and the Company shall have the exclusive discretion to determine when you are no longer providing Service for purposes of the Restricted Stock Units. 

4.    Special Acceleration. 

(a)    To the extent the Restricted Stock Units are outstanding at the time of a Corporate Transaction, such Restricted
Stock Units shall automatically become vested in full immediately prior to the effective date of the Corporate Transaction. No such accelerated vesting, however, shall occur if and to the extent: (i) these Restricted Stock Units are, in
connection with the Corporate Transaction, either assumed by the successor corporation (or parent thereof) or replaced with comparable restricted stock units of the successor corporation (or parent thereof) or (ii) these Restricted Stock Units
are replaced with a cash incentive program of the successor corporation which complies with Code Section 409A and preserves the fair market value of the Restricted Stock Units at the time of the Corporate Transaction and provides for subsequent
pay-out in accordance with the settlement provisions set forth in Section 5 below. The determination of the comparability of restricted stock units under clause (i) shall be made by the Committee,
and such determination shall be final, binding and conclusive. 
 (b)    Immediately following the effective date of the
Corporate Transaction, this Agreement shall terminate and cease to be outstanding, except as set forth in Section 5 below with respect to the deferred settlement of Restricted Stock Units or to the extent assumed by the successor corporation
(or parent thereof) in connection with the Corporate Transaction. 
 (c)    If this Agreement is assumed in connection
with a Corporate Transaction, then the Committee shall appropriately adjust the number of units and the kind of shares or securities to be issued pursuant to this Agreement immediately after such Corporate Transaction. 

(d)    This Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize or otherwise
change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

5.    Settlement of Restricted Stock Units. To the extent you are eligible but have not elected to defer
settlement of the Restricted Stock Units, the Restricted Stock Units shall be automatically settled in Shares upon vesting of such Restricted Stock Units, provided that the Company shall have no obligation to issue Shares pursuant to this Agreement
unless and until you have satisfied any applicable Tax-Related Items, as described and defined in Section 6 below, and such issuance otherwise complies with all applicable laws. To the extent you are
eligible but have elected to defer settlement of the Restricted Stock Units, the vested portion of the Restricted Stock Units 

 
shall be settled in Shares upon the earlier of: (a) your separation from service within the meaning of Code Section 409A (“Separation from Service”) and (b) the fixed
payment date elected by you, if any, at the time of such deferral (which shall be the first business day of a year no earlier than six years after the year of the Grant Date in accordance with procedures approved by the Committee), provided that the
Company shall have no obligation to issue Shares pursuant to this Agreement unless such issuance complies with all applicable law. Notwithstanding the foregoing, to the extent your Restricted Stock Units would otherwise be settled upon your
Separation from Service, such settlement shall instead occur upon the Company’s first business day following the six-month anniversary of your Separation from Service. Prior to the time that the
Restricted Stock Units are settled, you shall have no rights other than those of a general creditor of the Company. The Restricted Stock Units represent an unfunded and unsecured obligation of the Company. 

6.    Taxes. 

(a)    Regardless of any action the Company or your employer (the “Employer”) takes with respect to any and all
income tax, social taxes or insurance contributions, payroll tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you (“Tax-Related Items”), and as a condition to and in consideration of the grant, vesting, and settlement of the Restricted Stock Units, you acknowledge that the ultimate liability for all Tax-Related Items with respect to the Restricted Stock Units is and remains your responsibility and may exceed the amount actually withheld by the Company or the Employer. You further acknowledge that the Company
and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Restricted Stock Units, including the grant, vesting
or settlement of the Restricted Stock Units, or the subsequent sale of any Shares acquired at vesting or the receipt of any dividends with respect to such Shares, and (ii) do not commit to and are under no obligation to structure the terms or
any aspect of the Restricted Stock Units to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. Further, if you become subject to taxation in more than one
jurisdiction between the Grant Date and the date of any relevant taxable event, you acknowledge that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for
Tax-Related Items in more than one jurisdiction. 
 (b)    Prior to any relevant
tax, withholding or required deduction event, as applicable, and in order to receive any Shares or other benefit in relation to the Restricted Stock Units, you agree to make arrangements satisfactory to the Company for the satisfaction of any
applicable tax, withholding, required deduction and payment on account of any obligations of the Company and/or the Employer that arise in connection with the Restricted Stock Units. In this regard, you authorize the Company and/or the Employer, or
their respective agents, at their discretion, to satisfy any obligations related to Tax-Related Items by one or a combination of the following: (1) withholding from your wages or other cash compensation
payable to you by the Company or the Employer; (2) withholding from proceeds of the sale of Shares acquired upon settlement of the Restricted Stock Units either through a voluntary sale or through a mandatory sale arranged by the Company (on
your behalf pursuant to this authorization); (3) withholding of Shares that would otherwise be issued upon settlement of the Restricted Stock Units; or (4) requiring you to satisfy the liability for
Tax-Related Items by means of any other arrangement approved by the Company. If the obligation for Tax-Related Items is satisfied by withholding Shares, for tax
purposes, you are deemed to have been issued the full number of Shares subject to the vested Restricted Stock Units, notwithstanding that a number of the Shares are held back solely for the purpose of paying the
Tax-Related Items due as a result of any aspect of your participation in the Plan. You agree to provide the Company and/or its stock plan broker/administrator with the information necessary to manage your Tax-Related Items withholding and acknowledge that should you fail to provide such information on a timely basis, the Company and/or its stock plan broker/administrator may be obligated to withhold amounts from you
and it may be necessary for you to seek a refund directly from the tax authorities. Depending on the withholding method, the Company or Employer may withhold or account for Tax-Related Items by considering
applicable minimum statutory withholding amounts or other applicable withholding rates, including maximum applicable rates. 

(c)    Finally, you will pay to the Company or the Employer any amount of
Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of your participation in the Plan or your acquisition of Shares that cannot be satisfied by the means
previously described. The Company shall not be required to issue or deliver Shares pursuant to this Agreement unless and until such obligations are satisfied. 

7.    Tax and Legal Advice. You represent, warrant and acknowledge that neither the Company nor your
Employer have made any warranties or representations to you with respect to any Tax-Related Items, legal or financial consequences of the transactions contemplated by this Agreement, and you are in no manner
relying on the Company, the Employer or the Company’s or the Employer’s representatives for an assessment of such consequences. YOU UNDERSTAND THAT THE LAWS GOVERNING THIS AWARD ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN
PROFESSIONAL TAX, LEGAL AND FINANCIAL ADVISOR REGARDING ANY RESTRICTED STOCK UNITS. YOU UNDERSTAND THAT THE COMPANY AND THE EMPLOYER ARE NOT PROVIDING ANY TAX, LEGAL, OR FINANCIAL ADVICE, NOR IS THE COMPANY OR THE EMPLOYER MAKING ANY RECOMMENDATION
REGARDING YOUR ACCEPTANCE OF THIS AWARD. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER OR OTHER PENALTIES. 

8.    Non-Transferability of Restricted Stock Units. Restricted
Stock Units shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation of law. 

9.    Restriction on Transfer. Regardless of whether the transfer or issuance of the Shares to be issued
pursuant to the Restricted Stock Units has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose additional restrictions upon the sale, pledge, or other transfer
of the Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s counsel, such
restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law, including all applicable foreign laws. 

10.    Restrictive Legends and Stop-Transfer Instructions. Stock certificates evidencing the Shares issued
pursuant to the Restricted Stock Units may bear such restrictive legends and/or appropriate stop-transfer instructions may be issued to the Company’s transfer agent as the Company and the Company’s counsel deem necessary under applicable
law or pursuant to this Agreement. 
 11.    Representations, Warranties, Covenants, and Acknowledgments.
You hereby agree that in the event the Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Shares issued pursuant to the Restricted Stock Units may be conditioned
upon you making certain representations, warranties, and acknowledgments relating to compliance with applicable laws. 

12.    Voting, Dividend and Other Rights. Subject to the terms of this Agreement and except as set forth
below, you shall not have any voting rights or any other rights and privileges of a shareholder of the Company unless and until the Restricted Stock Units are settled in Shares. To the extent you have elected to defer settlement of the Restricted
Stock Units with a First Vest Date on or after September 11, 2016, dividend equivalents shall only accrue after the vesting of the Restricted Stock Units and will be subject to the same conditions and restrictions as the Restricted Stock Units
to which they attach as set forth in the Plan or this Agreement and will be settled in additional Shares upon the settlement of the Restricted Stock Units as set forth in Section 5 above. 

 13.    Authorization to Release and Transfer Necessary Personal
Information. 
 (a)    You hereby explicitly and unambiguously consent to the collection, use and
transfer, in electronic or other form, of your personal information as described in this Agreement by and among, as applicable, the Employer, and the Company and its Parent, Subsidiaries and Affiliates for the exclusive purpose of implementing,
administering and managing your participation in the Plan. 
 (b)    You understand that the Company and
the Employer may hold certain personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number (or any other social or national identification number), salary,
nationality, job title, residency status, any Shares or directorships held in the Company, details of all Restricted Stock Units or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding (the “Data”)
for the purpose of implementing, administering and managing your participation in the Plan. You understand that the Data may be transferred to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties assisting in the
implementation, administration and management of the Plan, that these recipients may be located in your country or elsewhere, including outside the European Economic Area, and that the recipient’s country (e.g., the United States) may have
different data privacy laws and protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the
recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to a
broker or other third party assisting with the administration of these Restricted Stock Units under the Plan or with whom Shares acquired pursuant to these Restricted Stock Units or cash from the sale of such Shares may be deposited. Furthermore,
you acknowledge and understand that the transfer of the Data to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties is necessary for your participation in the Plan. 

(c)    You understand that the Data will be held only as long as is necessary to implement, administer and manage
your participation in the Plan. You understand that you may, at any time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents
herein by contacting your local human resources representative in writing. Further, you understand that you are providing the consents herein on a purely voluntary basis. If you do not consent, or if you later seek to revoke your consent, your
employment status or service and career with the Employer will not be affected; the only consequence of refusing or withdrawing your consent is that the Company would not be able to grant you Restricted Stock Units or other equity awards, or
administer or maintain such awards. You further acknowledge that withdrawal of consent may affect your ability to vest in or realize benefits from these Restricted Stock Units and your ability to participate in the
Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 

(d)    The collection, use and transfer of Data for the purpose of implementing, administering and
managing your participation in the Plan is conducted in accordance with the Company’s Global HR Data Protection Policy. 

14.    No Entitlement or Claims for Compensation. As a condition to, and in consideration of, the grant,
vesting, and settlement of the Restricted Stock Units, and in receiving the Restricted Stock Units, Shares, or any benefit relating to the Restricted Stock Units, you acknowledge and agree that: 

(a)    Your rights, if any, in respect of or in connection with these Restricted Stock Units or any other
Award are derived solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. The Plan may be amended, suspended or terminated by the Company at any time, unless otherwise
provided in the Plan and this Agreement. By accepting these Restricted Stock Units, you expressly acknowledge that there is no obligation on the part of the Company to continue the Plan and/or grant any additional Restricted Stock Units to you or
benefits in lieu of Restricted Stock Units, even if Restricted Stock Units have been granted in the past. All decisions with respect to future grants of Restricted Stock Units, if any, will be at the sole discretion of the Committee. 

(b)    The Restricted Stock Units and the Shares subject to the Restricted Stock Units are not intended to replace any
pension rights or compensation and are not to be considered compensation of a continuing or recurring nature, or part of your normal or expected compensation, and in no way represent any portion of your salary, compensation or other remuneration for
any purpose, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and in no event should
be considered as compensation for, or relating in any way to, past services for the Company, the Employer or any Parent, Subsidiary or Affiliate. The value of the Restricted Stock Units is an extraordinary item that does not constitute
compensation of any kind for services of any kind rendered to the Company, the Employer or any Parent, Subsidiary or Affiliate and which is outside the scope of your written employment or service agreement (if any). 

(c)    You acknowledge that you are voluntarily participating in the Plan. 

(d)    Neither the Plan nor these Restricted Stock Units or any other Award granted under the Plan shall be deemed to give
you a right to remain an Employee, Consultant or director of the Company, a Parent, Subsidiary or an Affiliate. The Employer reserves the right to terminate your Service at any time, with or without cause, and for any reason. 

(e)    The grant of the Restricted Stock Units and your participation in the Plan will not be interpreted to form an
employment contract or service relationship with the Company, the Employer or any Parent, Subsidiary or Affiliate. 

(f)    The future value of the underlying Shares is unknown, indeterminable and cannot be predicted with certainty and if
you vest in the Restricted Stock Units and are issued Shares, the value of those Shares may increase or decrease. You also understand that none of the Company, the Employer or any Parent, Subsidiary or Affiliate is responsible for any foreign
exchange fluctuation between the Employer’s local currency and the United States Dollar that may affect the value of this Award. 

(g)    No claim or entitlement to compensation or damages shall arise from forfeiture of the Restricted Stock Units
resulting from the termination of your Service by the Company or the Employer (for any reason whatsoever and whether or not later found to be invalid or in breach of the employment laws in the jurisdiction where you are employed or providing
Service, or the terms of your employment or service agreement, if any) and, in consideration of the grant of the Award to which you are not otherwise entitled, you irrevocably agree never to institute any claim against the Employer, the Company or
its Parent, Subsidiaries or Affiliates, waive your ability, if any, to bring any such claim, and release the Company and its Parent, Subsidiaries and Affiliates from any such claim; if notwithstanding the foregoing, any such claim is allowed by a
court of competent jurisdiction, then, by accepting the Award, you shall be deemed irrevocably to have agreed to not pursue such claim and agree to execute any and all documents necessary to request the withdrawal of such claim. 

(h)    You agree that the Company may require Shares received pursuant to the Restricted Stock Units to be held by a
broker designated by the Company. 
 (i)    You agree that your rights hereunder (if any) shall be subject to set-off by the Company for any valid debts you owe the Company. 
 (j)    Unless
otherwise provided in the Plan or this Agreement, or by the Company in its discretion, the Restricted Stock Units and the benefits evidenced by this Agreement do not create any entitlement to have the Restricted Stock Units transferred to, or
assumed by, another company, nor to be exchanged, cashed out or substituted for in connection with any Corporate Transaction affecting the Common Stock. 

 15.    Governing Law and Forum. This Agreement shall be
governed by and construed in accordance with the laws of the State of California without regard to the conflict of laws principles thereof. For purposes of litigating any dispute that may arise directly or indirectly from this Agreement, the parties
hereby submit and consent to litigation in the exclusive jurisdiction of the State of California and agree that any such litigation shall be conducted only in the courts of California or the federal courts for the United States for the Northern
District of California and no other courts. 
 16.    Notices. Any notice required or permitted under the
terms of this Agreement shall be in writing and shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the mail, as certified or registered mail, with
postage prepaid, and addressed to the Company at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently modified by written notice to the other
party. 
 17.    Binding Effect. Subject to the limitations set forth in this Agreement, this Agreement
shall be binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

18.    Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall
be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

19.    Waiver. You agree that a waiver by the Company of a breach of any provision of this Agreement shall
not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by you or any other participant. 

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

21.    Language. If this Agreement or any other document related to the Plan is translated into a language
other than English and the meaning of the translated version is different from the English version, the English version will take precedence. 

22.    Appendix. Notwithstanding any provisions in this Agreement, the Restricted Stock Units shall be
subject to any special terms and conditions set forth in any Appendix to this Agreement for your country of residence. Moreover, if you relocate to one of the countries included in the Appendix, the special terms and conditions for such country will
apply to you, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this
Agreement. 
 23.    Committee Policies. The Restricted Stock Units shall be subject to any special terms
and conditions set forth in any applicable policy (and any amendments thereto) that the Committee (or a designee of the Committee) has adopted or will adopt in the future, including, but not limited to, any policy related to the vesting or transfer
of equity awards. 
 24.    Imposition of Other Requirements. The Company reserves the right to
impose other requirements on your participation in the Plan, on the Restricted Stock Units and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate
the administration of the Plan. You agree to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. Furthermore, you acknowledge that the laws of the country in which you are working at the time of grant,
vesting and settlement of the Restricted Stock Units or the sale of Shares received pursuant to this Agreement (including any rules or regulations governing securities, foreign exchange, tax, labor, or other matters) may subject you to additional
procedural or regulatory requirements that you are and will be solely responsible for and must fulfill. 

25.    Acceptance of Agreement. You may accept this Award either by (a) clicking on the “I
agree” button below at any time before the First Vest Date or (b) doing nothing and your Award will be automatically accepted on your behalf on the First Vest Date. 

*                *       
         *                * 

By accepting your Award in accordance with Section 25 of this Agreement, you agree to be bound by the terms and conditions of this
Agreement. 
 PLEASE PRINT AND KEEP A COPY FOR YOUR RECORDS 

 (For Grants Beginning in July 2016 

and Prior to May 31, 2017) 

CISCO SYSTEMS, INC. 

STOCK UNIT AGREEMENT 

This Stock Unit Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by and between Cisco
Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005 Stock Incentive Plan (the “Plan”). The material terms of this Stock Unit Award are as follows: 

 

			
	 Employee ID:
	 	 
		
	 Grant Date:
	 	 
		
	 Grant Number:
	 	 
		
	 Restricted Stock Units:
	 	 
		
	 First Vest Date:
	 	 

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning
ascribed to them in the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, the parties agree as follows: 

1.    Restricted Stock Units. Pursuant to the Plan, the Company hereby grants to you, and you hereby accept
from the Company, Restricted Stock Units, each of which is a bookkeeping entry representing the equivalent in value of one (1) Share, on the terms and conditions set forth herein and in the Plan. 

2.    Vesting of Restricted Stock Units. So long as your Service continues, the Restricted Stock Units shall
vest in accordance with the following schedule:                  (        %) of the total number of Restricted
Stock Units granted pursuant to this Agreement shall vest on the First Vest Date and on each anniversary thereafter, unless otherwise provided by the Plan or Section 4 below. If you take a leave of absence, the Company may, at its discretion,
suspend vesting during the period of leave to the extent permitted under the employment laws in the jurisdiction where you are providing Service or under the terms of your employment or service agreement, if any. 

3.    Termination of Service. In the event of the termination of your Service for any reason (whether or not
later found to be invalid or in breach of the employment laws in the jurisdiction where you are employed or providing Service, or the terms of your employment or service agreement, if any), all unvested Restricted Stock Units shall be immediately
forfeited without consideration. For purposes of the preceding sentence, your right to vest in the Restricted Stock Units will terminate effective as of the date that you are no longer providing Service, and the Company shall have the exclusive
discretion to determine when you are no longer providing Service for purposes of the Restricted Stock Units. 

4.    Special Acceleration. 

(a)    To the extent the Restricted Stock Units are outstanding at the time of a Corporate Transaction, such Restricted
Stock Units shall automatically become vested in full immediately prior to the effective date of the Corporate Transaction. No such accelerated vesting, however, shall occur if and to the extent: (i) these Restricted Stock Units are, in
connection with the Corporate Transaction, either assumed by the successor corporation (or parent thereof) or replaced with comparable restricted stock units of the successor corporation (or parent thereof) or (ii) these Restricted Stock Units
are replaced with a cash incentive program of the successor corporation which complies with Code Section 409A and preserves the fair market value of the Restricted Stock Units at the time of the Corporate Transaction and provides for subsequent
pay-out in accordance with the settlement provisions set forth in Section 5 below. The determination of the comparability of restricted stock units under clause (i) shall be made by the Committee,
and such determination shall be final, binding and conclusive. 
 (b)    Immediately following the effective date of the
Corporate Transaction, this Agreement shall terminate and cease to be outstanding, except as set forth in Section 5 below with respect to the deferred settlement of Restricted Stock Units or to the extent assumed by the successor corporation
(or parent thereof) in connection with the Corporate Transaction. 
 (c)    If this Agreement is assumed in connection
with a Corporate Transaction, then the Committee shall appropriately adjust the number of units and the kind of shares or securities to be issued pursuant to this Agreement immediately after such Corporate Transaction. 

(d)    This Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize or otherwise
change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

 5.    Settlement of Restricted Stock Units. To the extent
you are eligible but have not elected to defer settlement of the Restricted Stock Units, the Restricted Stock Units shall be automatically settled in Shares upon vesting of such Restricted Stock Units, provided that the Company shall have no
obligation to issue Shares pursuant to this Agreement unless and until you have satisfied any applicable Tax-Related Items, as described and defined in Section 6 below, and such issuance otherwise
complies with all applicable laws. To the extent you are eligible but have elected to defer settlement of the Restricted Stock Units, the vested portion of the Restricted Stock Units shall be settled in Shares upon the earlier of: (a) your
separation from service within the meaning of Code Section 409A (“Separation from Service”) and (b) the fixed payment date elected by you, if any, at the time of such deferral (which shall be the first business day of a year no
earlier than six years after the year of the Grant Date in accordance with procedures approved by the Committee), provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless such issuance complies with all
applicable law. Notwithstanding the foregoing, to the extent your Restricted Stock Units would otherwise be settled upon your Separation from Service, such settlement shall instead occur upon the Company’s first business day following the six-month anniversary of your Separation from Service. Prior to the time that the Restricted Stock Units are settled, you shall have no rights other than those of a general creditor of the Company. The Restricted
Stock Units represent an unfunded and unsecured obligation of the Company. 
 6.    Taxes. 

(a)    Regardless of any action the Company or your employer (the “Employer”) takes with respect to any and all
income tax, social taxes or insurance contributions, payroll tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you (“Tax-Related Items”), you acknowledge that the ultimate liability for all Tax-Related Items with respect to the Restricted Stock Units is and remains your
responsibility and may exceed the amount actually withheld by the Company or the Employer. You further acknowledge that the Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Restricted Stock Units, including the grant, vesting or settlement of the Restricted Stock Units, or the subsequent sale of any Shares acquired at vesting or
the receipt of any dividends with respect to such Shares, and (ii) do not commit to and are under no obligation to structure the terms or any aspect of the Restricted Stock Units to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. Further, if you become subject to taxation in more than one jurisdiction between the Grant Date and the date of any relevant taxable event, you acknowledge
that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 

(b)    Prior to any relevant tax, withholding or required deduction event, as applicable, you agree to make arrangements
satisfactory to the Company for the satisfaction of any applicable tax, withholding, required deduction and payment on account of any obligations of the Company and/or the Employer that arise in connection with the Restricted Stock Units. In this
regard, you authorize the Company and/or the Employer, or their respective agents, at their discretion, to satisfy any obligations related to Tax-Related Items by one or a combination of the following:
(1) withholding from your wages or other cash compensation payable to you by the Company or the Employer; (2) withholding from proceeds of the sale of Shares acquired upon settlement of the Restricted Stock Units either through a voluntary
sale or through a mandatory sale arranged by the Company (on your behalf pursuant to this authorization); (3) withholding of Shares that would otherwise be issued upon settlement of the Restricted Stock Units; or (4) requiring you to satisfy
the liability for Tax-Related Items by means of any other arrangement approved by the Company. If the obligation for Tax-Related Items is satisfied by withholding
Shares, for tax purposes, you are deemed to have been issued the full number of Shares subject to the vested Restricted Stock Units, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of your participation in the Plan. You agree to provide the Company and/or its stock plan broker/administrator with the information necessary to manage your Tax-Related Item withholding and acknowledge that should you fail to provide such information on a timely basis, the Company and/or its stock plan broker/administrator may be obligated to withhold amounts from you
and it may be necessary for you to seek a refund directly from the tax authorities. To avoid financial accounting charges under applicable accounting guidance, the Company may withhold or account for
Tax-Related Items by considering applicable minimum statutory rates or may take any other action required to avoid financial accounting charges under applicable accounting guidance. If the Company does not
satisfy the obligation for Tax-Related Items by the withholding of Shares and instead withholds proceeds from the sale of Shares acquired upon settlement of the Restricted Stock Units, the Company may withhold
or account for Tax-Related Items by considering maximum applicable rates, in which case you will receive a refund of any over-withheld amount in cash to the extent that any over-withheld amount has not
otherwise been remitted to the applicable tax authority and will have no entitlement to the Common Stock equivalent. 

(c)    Finally, you will pay to the Company or the Employer any amount of
Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of your participation in the Plan or your acquisition of Shares that cannot be satisfied by the means
previously described. The Company shall not be required to issue or deliver Shares pursuant to this Agreement unless and until such obligations are satisfied. 

7.    Tax and Legal Advice. You represent, warrant and acknowledge that neither the Company nor your
Employer have made any warranties or representations to you with respect to any Tax-Related Items, legal or financial consequences of the transactions contemplated by this Agreement, and you are in no manner
relying on the Company, the Employer’s or the Company’s or the Employer’s representatives for an assessment of such consequences. YOU UNDERSTAND THAT THE LAWS GOVERNING THIS AWARD ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN
PROFESSIONAL TAX, LEGAL AND FINANCIAL ADVISOR REGARDING ANY RESTRICTED STOCK UNITS. YOU UNDERSTAND THAT THE COMPANY AND THE EMPLOYER ARE NOT PROVIDING ANY TAX, LEGAL, OR FINANCIAL ADVICE, NOR IS THE COMPANY OR THE EMPLOYER MAKING ANY RECOMMENDATION
REGARDING YOUR ACCEPTANCE OF THIS AWARD. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER OR OTHER PENALTIES. 

8.    Non-Transferability of Restricted Stock Units. Restricted
Stock Units shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation of law. 

9.    Restriction on Transfer. Regardless of whether the transfer or issuance of the Shares to be issued
pursuant to the Restricted Stock Units has been registered under the Securities Act or has been registered or qualified under the securities laws of any 

 
state, the Company may impose additional restrictions upon the sale, pledge, or other transfer of the Shares (including the placement of appropriate legends on stock certificates and the issuance
of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s counsel, such restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the
securities laws of any state, or any other law, including all applicable foreign laws. 
 10.    Restrictive
Legends and Stop-Transfer Instructions. Stock certificates evidencing the Shares issued pursuant to the Restricted Stock Units may bear such restrictive legends and/or appropriate stop-transfer instructions may be issued to the
Company’s transfer agent as the Company and the Company’s counsel deem necessary under applicable law or pursuant to this Agreement. 

11.    Representations, Warranties, Covenants, and Acknowledgments. You hereby agree that in the event the
Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Shares issued pursuant to the Restricted Stock Units may be conditioned upon you making certain
representations, warranties, and acknowledgments relating to compliance with applicable laws. 
 12.    Voting,
Dividend and Other Rights. Subject to the terms of this Agreement and except as set forth below, you shall not have any voting rights or any other rights and privileges of a shareholder of the Company unless and until the Restricted Stock
Units are settled in Shares. To the extent you have elected to defer settlement of the Restricted Stock Units with a First Vest Date on or after September 11, 2016, dividend equivalents shall only accrue after the vesting of the Restricted
Stock Units and will be subject to the same conditions and restrictions as the Restricted Stock Units to which they attach as set forth in the Plan or this Agreement and will be settled in additional Shares upon the settlement of the Restricted
Stock Units as set forth in Section 5 above. 
 13.    Authorization to Release and Transfer Necessary
Personal Information. 
 (a)    You hereby explicitly and unambiguously consent to the collection, use and
transfer, in electronic or other form, of your personal information as described in this Agreement by and among, as applicable, the Employer, and the Company and its Parent, Subsidiaries and Affiliates for the exclusive purpose of implementing,
administering and managing your participation in the Plan. 
 (b)    You understand that the Company and
the Employer may hold certain personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number (or any other social or national identification number), salary,
nationality, job title, residency status, any Shares or directorships held in the Company, details of all Restricted Stock Units or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding (the “Data”)
for the purpose of implementing, administering and managing your participation in the Plan. You understand that the Data may be transferred to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties assisting in the
implementation, administration and management of the Plan, that these recipients may be located in your country or elsewhere, including outside the European Economic Area, and that the recipient’s country (e.g., the United States) may have
different data privacy laws and protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the
recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to a
broker or other third party assisting with the administration of these Restricted Stock Units under the Plan or with whom Shares acquired pursuant to these Restricted Stock Units or cash from the sale of such Shares may be deposited. Furthermore,
you acknowledge and understand that the transfer of the Data to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties is necessary for your participation in the Plan. 

(c)    You understand that the Data will be held only as long as is necessary to implement, administer and manage
your participation in the Plan. You understand that you may, at any time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents
herein by contacting your local human resources representative in writing. Further, you understand that you are providing the consents herein on a purely voluntary basis. If you do not consent, or if you later seek to revoke your consent, your
employment status or service and career with the Employer will not be adversely affected; the only adverse consequence of refusing or withdrawing your consent is that the Company would not be able to grant you Restricted Stock Units or other equity
awards, or administer or maintain such awards. Therefore, you understand that refusing or withdrawing your consent may affect your ability to vest in or realize benefits from these Restricted Stock Units and your
ability to participate in the Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 

14.    No Entitlement or Claims for Compensation. 

(a)    Your rights, if any, in respect of or in connection with these Restricted Stock Units or any other
Award are derived solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. The Plan may be amended, suspended or terminated by the Company at any time, unless otherwise
provided in the Plan and this Agreement. By accepting these Restricted Stock Units, you expressly acknowledge that there is no obligation on the part of the Company to continue the Plan and/or grant any additional Restricted Stock Units to you or
benefits in lieu of Restricted Stock Units, even if Restricted Stock Units have been granted in the past. All decisions with respect to future grants of Restricted Stock Units, if any, will be at the sole discretion of the Committee. 

(b)    The Restricted Stock Units and the Shares subject to the Restricted Stock Units are not intended to replace any
pension rights or compensation and are not to be considered compensation of a continuing or recurring nature, or part of your normal or expected compensation, and in no way represent any portion of your salary, compensation or other remuneration for
any purpose, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and in no event should
be considered as compensation for, or relating in any way to, past services for the Company, the Employer or any Parent, Subsidiary or Affiliate. The value of the Restricted Stock Units is an extraordinary item that does not constitute
compensation of any kind for services of any kind rendered to the Company, the Employer or any Parent, Subsidiary or Affiliate and which is outside the scope of your written employment or service agreement (if any). 

 (c)    You acknowledge that you are voluntarily participating in the
Plan. 
 (d)    Neither the Plan nor these Restricted Stock Units or any other Award granted under the Plan shall be
deemed to give you a right to remain an Employee, Consultant or director of the Company, a Parent, Subsidiary or an Affiliate. The Employer reserves the right to terminate your Service at any time, with or without cause, and for any reason. 

(e)    The grant of the Restricted Stock Units and your participation in the Plan will not be interpreted to form an
employment contract or service relationship with the Company, the Employer or any Parent, Subsidiary or Affiliate. 

(f)    The future value of the underlying Shares is unknown, indeterminable and cannot be predicted with certainty and if
you vest in the Restricted Stock Units and are issued Shares, the value of those Shares may increase or decrease. You also understand that none of the Company, the Employer or any Parent, Subsidiary or Affiliate is responsible for any foreign
exchange fluctuation between the Employer’s local currency and the United States Dollar that may affect the value of this Award. 

(g)    No claim or entitlement to compensation or damages shall arise from forfeiture of the Restricted Stock Units
resulting from the termination of your Service by the Company or the Employer (for any reason whatsoever and whether or not later found to be invalid or in breach of the employment laws in the jurisdiction where you are employed or providing
Service, or the terms of your employment or service agreement, if any) and, in consideration of the grant of the Award to which you are not otherwise entitled, you irrevocably agree never to institute any claim against the Employer, the Company or
its Parent, Subsidiaries or Affiliates, waive your ability, if any, to bring any such claim, and release the Company and its Parent, Subsidiaries and Affiliates from any such claim; if notwithstanding the foregoing, any such claim is allowed by a
court of competent jurisdiction, then, by accepting the Award, you shall be deemed irrevocably to have agreed to not pursue such claim and agree to execute any and all documents necessary to request the withdrawal of such claim. 

(h)    You agree that the Company may require Shares received pursuant to the Restricted Stock Units to be held by a
broker designated by the Company. 
 (i)    You agree that your rights hereunder (if any) shall be subject to set-off by the Company for any valid debts you owe the Company. 
 (j)    Unless
otherwise provided in the Plan or this Agreement, or by the Company in its discretion, the Restricted Stock Units and the benefits evidenced by this Agreement do not create any entitlement to have the Restricted Stock Units transferred to, or
assumed by, another company, nor to be exchanged, cashed out or substituted for in connection with any Corporate Transaction affecting the Common Stock. 

15.    Governing Law and Forum. This Agreement shall be governed by and construed in accordance with the
laws of the State of California without regard to the conflict of laws principles thereof. For purposes of litigating any dispute that may arise directly or indirectly from this Agreement, the parties hereby submit and consent to litigation in the
exclusive jurisdiction of the State of California and agree that any such litigation shall be conducted only in the courts of California or the federal courts for the United States for the Northern District of California and no other courts. 

16.    Notices. Any notice required or permitted under the terms of this Agreement shall be in writing and
shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the mail, as certified or registered mail, with postage prepaid, and addressed to the Company
at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently modified by written notice to the other party. 

17.    Binding Effect. Subject to the limitations set forth in this Agreement, this Agreement shall be
binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

18.    Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall
be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

19.    Waiver. You agree that a waiver by the Company of a breach of any provision of this Agreement shall
not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by you or any other participant. 

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

21.    Language. If this Agreement or any other document related to the Plan is translated into a language
other than English and the meaning of the translated version is different from the English version, the English version will take precedence. 

22.    Appendix. Notwithstanding any provisions in this Agreement, the Restricted Stock Units shall be
subject to any special terms and conditions set forth in any Appendix to this Agreement for your country of residence. Moreover, if you relocate to one of the countries included in the Appendix, the special terms and conditions for such country will
apply to you, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this
Agreement. 
 23.    Imposition of Other Requirements. The Company reserves the right to impose
other requirements on your participation in the Plan, on the Restricted Stock Units and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the
administration of the Plan. You agree to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. Furthermore, you acknowledge that the laws of the country in which you are working at the time of grant,
vesting and settlement of the Restricted Stock Units or the sale of Shares received pursuant to this Agreement (including any rules or regulations governing securities, foreign exchange, tax, labor, or other matters) may subject you to additional
procedural or regulatory requirements that you are and will be solely responsible for and must fulfill. 

 24.    Acceptance of Agreement. You must expressly accept
the terms and conditions of your Restricted Stock Units as set forth in this Agreement by electronically accepting this Agreement within 300 days after the Company sends this Agreement to you. If you do not accept your Restricted Stock Units in the
manner instructed by the Company, your Restricted Stock Units will be subject to cancellation. 

*                *       
         *                * 

You acknowledge that by clicking on the I agree button below, you agree to be bound by the terms of this Agreement. 

PLEASE PRINT AND KEEP A COPY FOR YOUR RECORDS 

 (For Grants Beginning in September 2015 

and Prior to July 2016) 

CISCO SYSTEMS, INC. 

STOCK UNIT AGREEMENT 

This Stock Unit Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by and between Cisco
Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005 Stock Incentive Plan (the “Plan”). The material terms of this Stock Unit Award are as follows: 

 

			
	 Employee ID:
	 	 
		
	 Grant Date:
	 	 
		
	 Grant Number:
	 	 
		
	 Restricted Stock Units:
	 	 
		
	 First Vest Date:
	 	 

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning
ascribed to them in the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, the parties agree as follows: 

1.    Restricted Stock Units. Pursuant to the Plan, the Company hereby grants to you, and you hereby accept
from the Company, Restricted Stock Units, each of which is a bookkeeping entry representing the equivalent in value of one (1) Share, on the terms and conditions set forth herein and in the Plan. 

2.    Vesting of Restricted Stock Units. So long as your Service continues, the Restricted Stock Units shall
vest in accordance with the following schedule:                  percent (         %) of the total number of
Restricted Stock Units granted pursuant to this Agreement shall vest on the First Vest Date and on each ____ anniversary thereafter, unless otherwise provided by the Plan or Section 4 below. If you take a leave of absence, the Company may, at
its discretion, suspend vesting during the period of leave to the extent permitted under the employment laws in the jurisdiction where you are providing Service or under the terms of your employment or service agreement, if any. 

3.    Termination of Service. In the event of the termination of your Service for any reason (whether or not
later found to be invalid or in breach of the employment laws in the jurisdiction where you are employed or providing Service, or the terms of your employment or service agreement, if any), all unvested Restricted Stock Units shall be immediately
forfeited without consideration. For purposes of the preceding sentence, your right to vest in the Restricted Stock Units will terminate effective as of the date that you are no longer providing Service, and the Company shall have the exclusive
discretion to determine when you are no longer providing Service for purposes of the Restricted Stock Units. 

4.    Special Acceleration. 

(a)    To the extent the Restricted Stock Units are outstanding at the time of a Corporate Transaction, such Restricted
Stock Units shall automatically become vested in full immediately prior to the effective date of the Corporate Transaction. No such accelerated vesting, however, shall occur if and to the extent: (i) these Restricted Stock Units are, in
connection with the Corporate Transaction, either assumed by the successor corporation (or parent thereof) or replaced with comparable restricted stock units of the successor corporation (or parent thereof) or (ii) these Restricted Stock Units
are replaced with a cash incentive program of the successor corporation which complies with Code Section 409A and preserves the fair market value of the Restricted Stock Units at the time of the Corporate Transaction and provides for subsequent
pay-out in accordance with the settlement provisions set forth in Section 5 below. The determination of the comparability of restricted stock units under clause (i) shall be made by the Committee,
and such determination shall be final, binding and conclusive. 
 (b)    Immediately following the effective date of the
Corporate Transaction, this Agreement shall terminate and cease to be outstanding, except as set forth in Section 5 below with respect to the deferred settlement of Restricted Stock Units or to the extent assumed by the successor corporation
(or parent thereof) in connection with the Corporate Transaction. 
 (c)    If this Agreement is assumed in connection
with a Corporate Transaction, then the Committee shall appropriately adjust the number of units and the kind of shares or securities to be issued pursuant to this Agreement immediately after such Corporate Transaction. 

(d)    To the extent the Restricted Stock Units are outstanding at the time of a Change in Control, such Restricted Stock
Units shall automatically accelerate immediately prior to the effective date of the Change in Control and shall become vested in full at that time and settled in accordance with Section 5 below. 

 (e)    This Agreement shall not in any way affect the right of the
Company to adjust, reclassify, reorganize or otherwise change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

5.    Settlement of Restricted Stock Units. To the extent you are eligible but have not elected to defer
settlement of the Restricted Stock Units, the Restricted Stock Units shall be automatically settled in Shares upon vesting of such Restricted Stock Units, provided that the Company shall have no obligation to issue Shares pursuant to this Agreement
unless and until you have satisfied any applicable Tax-Related Items, as described and defined in Section 6 below, and such issuance otherwise complies with all applicable laws. To the extent you are
eligible but have elected to defer settlement of the Restricted Stock Units, the vested portion of the Restricted Stock Units shall be settled in Shares upon the earlier of: (a) your separation from service within the meaning of Code
Section 409A (“Separation from Service”) and (b) the fixed payment date elected by you, if any, at the time of such deferral (which shall be the first business day of a year no earlier than six years after the year of the Grant
Date in accordance with procedures approved by the Committee), provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless such issuance complies with all applicable law. Notwithstanding the foregoing, to the
extent your Restricted Stock Units would otherwise be settled upon your Separation from Service, such settlement shall instead occur upon the Company’s first business day following the six-month
anniversary of your Separation from Service. Prior to the time that the Restricted Stock Units are settled, you shall have no rights other than those of a general creditor of the Company. The Restricted Stock Units represent an unfunded and
unsecured obligation of the Company. 
 6.    Taxes. 

(a)    Regardless of any action the Company or your employer (the “Employer”) takes with respect to any and all
income tax, social taxes or insurance contributions, payroll tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you (“Tax-Related Items”), you acknowledge that the ultimate liability for all Tax-Related Items with respect to the Restricted Stock Units is and remains your
responsibility and may exceed the amount actually withheld by the Company or the Employer. You further acknowledge that the Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Restricted Stock Units, including the grant, vesting or settlement of the Restricted Stock Units, or the subsequent sale of any Shares acquired at vesting or
the receipt of any dividends with respect to such Shares, and (ii) do not commit to and are under no obligation to structure the terms or any aspect of the Restricted Stock Units to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. Further, if you become subject to taxation in more than one jurisdiction between the Grant Date and the date of any relevant taxable event, you acknowledge
that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 

(b)    Prior to any relevant tax, withholding or required deduction event, as applicable, you agree to make arrangements
satisfactory to the Company for the satisfaction of any applicable tax, withholding, required deduction and payment on account of any obligations of the Company and/or the Employer that arise in connection with the Restricted Stock Units. In this
regard, you authorize the Company and/or the Employer, or their respective agents, at their discretion, to satisfy any obligations related to Tax-Related Items by one or a combination of the following:
(1) withholding from your wages or other cash compensation payable to you by the Company or the Employer; (2) withholding from proceeds of the sale of Shares acquired upon settlement of the Restricted Stock Units either through a voluntary
sale or through a mandatory sale arranged by the Company (on your behalf pursuant to this authorization); (3) withholding of Shares that would otherwise be issued upon settlement of the Restricted Stock Units; or (4) requiring you to satisfy
the liability for Tax-Related Items by means of any other arrangement approved by the Company. If the obligation for Tax-Related Items is satisfied by withholding
Shares, for tax purposes, you are deemed to have been issued the full number of Shares subject to the vested Restricted Stock Units, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of your participation in the Plan. You agree to provide the Company and/or its stock plan broker/administrator with the information necessary to manage your Tax-Related Item withholding and acknowledge that should you fail to provide such information on a timely basis, the Company and/or its stock plan broker/administrator may be obligated to withhold amounts from you
and it may be necessary for you to seek a refund directly from the tax authorities. To avoid financial accounting charges under applicable accounting guidance, the Company may withhold or account for
Tax-Related Items by considering applicable minimum statutory rates or may take any other action required to avoid financial accounting charges under applicable accounting guidance. If the Company does not
satisfy the obligation for Tax-Related Items by the withholding of Shares and instead withholds proceeds from the sale of Shares acquired upon settlement of the Restricted Stock Units, the Company may withhold
or account for Tax-Related Items by considering maximum applicable rates, in which case you will receive a refund of any over-withheld amount in cash to the extent that any over-withheld amount has not
otherwise been remitted to the applicable tax authority and will have no entitlement to the Common Stock equivalent. 

(c)    Finally, you will pay to the Company or the Employer any amount of
Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of your participation in the Plan or your acquisition of Shares that cannot be satisfied by the means
previously described. The Company shall not be required to issue or deliver Shares pursuant to this Agreement unless and until such obligations are satisfied. 

7.    Tax and Legal Advice. You represent, warrant and acknowledge that neither the Company nor your
Employer have made any warranties or representations to you with respect to any Tax-Related Items, legal or financial consequences of the transactions contemplated by this Agreement, and you are in no manner
relying on the Company, the Employer’s or the Company’s or the Employer’s representatives for an assessment of such consequences. YOU UNDERSTAND THAT THE LAWS GOVERNING THIS AWARD ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN
PROFESSIONAL TAX, LEGAL AND FINANCIAL ADVISOR REGARDING ANY RESTRICTED STOCK UNITS. YOU UNDERSTAND THAT THE COMPANY AND THE EMPLOYER ARE NOT PROVIDING ANY TAX, LEGAL, OR FINANCIAL ADVICE, NOR IS THE COMPANY OR THE EMPLOYER MAKING ANY RECOMMENDATION
REGARDING YOUR ACCEPTANCE OF THIS AWARD. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER OR OTHER PENALTIES. 

8.    Non-Transferability of Restricted Stock Units. Restricted
Stock Units shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation of law. 

 9.    Restriction on Transfer. Regardless of whether the
transfer or issuance of the Shares to be issued pursuant to the Restricted Stock Units has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose additional
restrictions upon the sale, pledge, or other transfer of the Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the
Company and the Company’s counsel, such restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law, including all applicable foreign laws. 

10.    Restrictive Legends and Stop-Transfer Instructions. Stock certificates evidencing the Shares issued
pursuant to the Restricted Stock Units may bear such restrictive legends and/or appropriate stop-transfer instructions may be issued to the Company’s transfer agent as the Company and the Company’s counsel deem necessary under applicable
law or pursuant to this Agreement. 
 11.    Representations, Warranties, Covenants, and Acknowledgments.
You hereby agree that in the event the Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Shares issued pursuant to the Restricted Stock Units may be conditioned
upon you making certain representations, warranties, and acknowledgments relating to compliance with applicable laws. 

12.    Voting, Dividend and Other Rights. Subject to the terms of this Agreement and except as set forth
below, you shall not have any voting rights or any other rights and privileges of a shareholder of the Company unless and until the Restricted Stock Units are settled in Shares. To the extent you have elected to defer settlement of the Restricted
Stock Units with a First Vest Date on or after September 11, 2016, dividend equivalents shall only accrue after the vesting of the Restricted Stock Units and will be subject to the same conditions and restrictions as the Restricted Stock Units
to which they attach as set forth in the Plan or this Agreement and will be settled in additional Shares upon the settlement of the Restricted Stock Units as set forth in Section 5 above. 

13.    Authorization to Release and Transfer Necessary Personal Information. 

(a)    You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other
form, of your personal information as described in this Agreement by and among, as applicable, the Employer, and the Company and its Parent, Subsidiaries and Affiliates for the exclusive purpose of implementing, administering and managing your
participation in the Plan. 
 (b)    You understand that the Company and the Employer may hold certain
personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number (or any other social or national identification number), salary, nationality, job title, residency
status, any Shares or directorships held in the Company, details of all Restricted Stock Units or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding (the “Data”) for the purpose of implementing,
administering and managing your participation in the Plan. You understand that the Data may be transferred to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties assisting in the implementation, administration and
management of the Plan, that these recipients may be located in your country or elsewhere, including outside the European Economic Area, and that the recipient’s country (e.g., the United States) may have different data privacy laws and
protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the recipients to receive, possess,
use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to a broker or other third party
assisting with the administration of these Restricted Stock Units under the Plan or with whom Shares acquired pursuant to these Restricted Stock Units or cash from the sale of such Shares may be deposited. Furthermore, you acknowledge and understand
that the transfer of the Data to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties is necessary for your participation in the Plan. 

(c)    You understand that the Data will be held only as long as is necessary to implement, administer and manage
your participation in the Plan. You understand that you may, at any time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents
herein by contacting your local human resources representative in writing. Further, you understand that you are providing the consents herein on a purely voluntary basis. If you do not consent, or if you later seek to revoke your consent, your
employment status or service and career with the Employer will not be adversely affected; the only adverse consequence of refusing or withdrawing your consent is that the Company would not be able to grant you Restricted Stock Units or other equity
awards, or administer or maintain such awards. Therefore, you understand that refusing or withdrawing your consent may affect your ability to vest in or realize benefits from these Restricted Stock Units and your
ability to participate in the Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 

14.    No Entitlement or Claims for Compensation. 

(a)    Your rights, if any, in respect of or in connection with these Restricted Stock Units or any other
Award are derived solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. The Plan may be amended, suspended or terminated by the Company at any time, unless otherwise
provided in the Plan and this Agreement. By accepting these Restricted Stock Units, you expressly acknowledge that there is no obligation on the part of the Company to continue the Plan and/or grant any additional Restricted Stock Units to you or
benefits in lieu of Restricted Stock Units, even if Restricted Stock Units have been granted in the past. All decisions with respect to future grants of Restricted Stock Units, if any, will be at the sole discretion of the Committee. 

(b)    The Restricted Stock Units and the Shares subject to the Restricted Stock Units are not intended to replace any
pension rights or compensation and are not to be considered compensation of a continuing or recurring nature, or part of your normal or expected compensation, and in no way represent any portion of your salary, compensation or other remuneration for
any purpose, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and in no event should
be considered as compensation for, or relating in any way to, past services for the Company, the Employer or any Parent, Subsidiary or Affiliate. The value of the Restricted Stock Units is an extraordinary item that does not constitute
compensation of any kind for services of any kind rendered to the Company, the Employer or any Parent, Subsidiary or Affiliate and which is outside the scope of your written employment or service agreement (if any). 

 (c)    You acknowledge that you are voluntarily participating in the
Plan. 
 (d)    Neither the Plan nor these Restricted Stock Units or any other Award granted under the Plan shall be
deemed to give you a right to remain an Employee, Consultant or director of the Company, a Parent, Subsidiary or an Affiliate. The Employer reserves the right to terminate your Service at any time, with or without cause, and for any reason. 

(e)    The grant of the Restricted Stock Units and your participation in the Plan will not be interpreted to form an
employment contract or service relationship with the Company, the Employer or any Parent, Subsidiary or Affiliate. 

(f)    The future value of the underlying Shares is unknown, indeterminable and cannot be predicted with certainty and if
you vest in the Restricted Stock Units and are issued Shares, the value of those Shares may increase or decrease. You also understand that none of the Company, the Employer or any Parent, Subsidiary or Affiliate is responsible for any foreign
exchange fluctuation between the Employer’s local currency and the United States Dollar that may affect the value of this Award. 

(g)    No claim or entitlement to compensation or damages shall arise from forfeiture of the Restricted Stock Units
resulting from the termination of your Service by the Company or the Employer (for any reason whatsoever and whether or not later found to be invalid or in breach of the employment laws in the jurisdiction where you are employed or providing
Service, or the terms of your employment or service agreement, if any) and, in consideration of the grant of the Award to which you are not otherwise entitled, you irrevocably agree never to institute any claim against the Employer, the Company or
its Parent, Subsidiaries or Affiliates, waive your ability, if any, to bring any such claim, and release the Company and its Parent, Subsidiaries and Affiliates from any such claim; if notwithstanding the foregoing, any such claim is allowed by a
court of competent jurisdiction, then, by accepting the Award, you shall be deemed irrevocably to have agreed to not pursue such claim and agree to execute any and all documents necessary to request the withdrawal of such claim. 

(h)    You agree that the Company may require Shares received pursuant to the Restricted Stock Units to be held by a
broker designated by the Company. 
 (i)    You agree that your rights hereunder (if any) shall be subject to set-off by the Company for any valid debts you owe the Company. 
 (j)    Unless
otherwise provided in the Plan or this Agreement, or by the Company in its discretion, the Restricted Stock Units and the benefits evidenced by this Agreement do not create any entitlement to have the Restricted Stock Units transferred to, or
assumed by, another company, nor to be exchanged, cashed out or substituted for in connection with any Corporate Transaction affecting the Common Stock. 

15.    Governing Law and Forum. This Agreement shall be governed by and construed in accordance with the
laws of the State of California without regard to the conflict of laws principles thereof. For purposes of litigating any dispute that may arise directly or indirectly from this Agreement, the parties hereby submit and consent to litigation in the
exclusive jurisdiction of the State of California and agree that any such litigation shall be conducted only in the courts of California or the federal courts for the United States for the Northern District of California and no other courts. 

16.    Notices. Any notice required or permitted under the terms of this Agreement shall be in writing and
shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the mail, as certified or registered mail, with postage prepaid, and addressed to the Company
at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently modified by written notice to the other party. 

17.    Binding Effect. Subject to the limitations set forth in this Agreement, this Agreement shall be
binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

18.    Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall
be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

19.    Waiver. You agree that a waiver by the Company of a breach of any provision of this Agreement shall
not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by you or any other participant. 

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

21.    Language. If this Agreement or any other document related to the Plan is translated into a language
other than English and the meaning of the translated version is different from the English version, the English version will take precedence. 

22.    Appendix. Notwithstanding any provisions in this Agreement, the Restricted Stock Units shall be
subject to any special terms and conditions set forth in any Appendix to this Agreement for your country of residence. Moreover, if you relocate to one of the countries included in the Appendix, the special terms and conditions for such country will
apply to you, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this
Agreement. 

 23.    Imposition of Other Requirements. The
Company reserves the right to impose other requirements on your participation in the Plan, on the Restricted Stock Units and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply
with local law or facilitate the administration of the Plan. You agree to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. Furthermore, you acknowledge that the laws of the country in which you are
working at the time of grant, vesting and settlement of the Restricted Stock Units or the sale of Shares received pursuant to this Agreement (including any rules or regulations governing securities, foreign exchange, tax, labor, or other matters)
may subject you to additional procedural or regulatory requirements that you are and will be solely responsible for and must fulfill. 

24.    Acceptance of Agreement. You must expressly accept the terms and conditions of your Restricted Stock
Units as set forth in this Agreement by electronically accepting this Agreement within 300 days after the Company sends this Agreement to you. If you do not accept your Restricted Stock Units in the manner instructed by the Company, your Restricted
Stock Units will be subject to cancellation. 

*                *       
         *                * 

You acknowledge that by clicking on the I agree button below, you agree to be bound by the terms of this Agreement. 

PLEASE PRINT AND KEEP A COPY FOR YOUR RECORDS 

 (For Grants Beginning in September 

2013 and Prior to September 2015) 

CISCO SYSTEMS, INC. 

STOCK UNIT AGREEMENT 

This Stock Unit Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by and between Cisco
Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005 Stock Incentive Plan (the “Plan”). The material terms of this Stock Unit Award are as follows: 

 

			
	 Employee ID:
	 	 
		
	 Grant Date:
	 	 
		
	 Grant Number:
	 	 
		
	 Restricted Stock Units:
	 	 
		
	 First Vest Date:
	 	 

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning
ascribed to them in the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, the parties agree as follows: 

1.    Restricted Stock Units. Pursuant to the Plan, the Company hereby grants to you, and you hereby accept
from the Company, Restricted Stock Units, each of which is a bookkeeping entry representing the equivalent in value of one (1) Share, on the terms and conditions set forth herein and in the Plan. 

2.    Vesting of Restricted Stock Units. So long as your Service continues, the Restricted Stock Units shall
vest in accordance with the following schedule:                              percent (
        %) of the total number of Restricted Stock Units granted pursuant to this Agreement shall vest on the First Vest Date and on each
             anniversary thereafter, unless otherwise provided by the Plan or Section 4 below. If you take a leave of absence, the Company may, at its discretion, suspend
vesting during the period of leave to the extent permitted under the employment laws in the jurisdiction where you are providing Service or the terms your employment or service agreement, if any. Prior to the time that the Restricted Stock Units are
settled, you shall have no rights other than those of a general creditor of the Company. The Restricted Stock Units represent an unfunded and unsecured obligation of the Company. 

3.    Termination of Service. In the event of the termination of your Service for any reason (whether or not
later found to be invalid or in breach of the employment laws in the jurisdiction where you are employed or providing Service, or the terms your employment or service agreement, if any), all unvested Restricted Stock Units shall be immediately
forfeited without consideration. For purposes of the preceding sentence, your right to vest in the Restricted Stock Units will terminate effective as of the date that you are no longer providing Service; the Company shall have the exclusive
discretion to determine when you are no longer providing Service for purposes of the Restricted Stock Units. 

4.    Special Acceleration. 

(a)    To the extent the Restricted Stock Units are outstanding at the time of a Corporate Transaction, such Restricted
Stock Units shall automatically become vested in full immediately prior to the effective date of the Corporate Transaction. No such accelerated vesting, however, shall occur if and to the extent: (i) these Restricted Stock Units are, in
connection with the Corporate Transaction, either assumed by the successor corporation (or parent thereof) or replaced with comparable restricted stock units of the successor corporation (or parent thereof) or (ii) these Restricted Stock Units
are replaced with a cash incentive program of the successor corporation which complies with Code Section 409A and preserves the fair market value of the Restricted Stock Units at the time of the Corporate Transaction and provides for subsequent
pay-out in accordance with the settlement provisions set forth in Section 5 below. The determination of the comparability of restricted stock units under clause (i) shall be made by the Committee,
and such determination shall be final, binding and conclusive. 
 (b)    Immediately following the effective date of the
Corporate Transaction, this Agreement shall terminate and cease to be outstanding, except as set forth in Section 5 below with respect to the deferred settlement of Restricted Stock Units or to the extent assumed by the successor corporation
(or parent thereof) in connection with the Corporate Transaction. 
 (c)    If this Agreement is assumed in connection
with a Corporate Transaction, then the Committee shall appropriately adjust the number of units and the kind of shares or securities to be issued pursuant to this Agreement immediately after such Corporate Transaction. 

 (d)    To the extent the Restricted Stock Units are outstanding at the
time of a Change in Control, such Restricted Stock Units shall automatically accelerate immediately prior to the effective date of the Change in Control and shall become vested in full at that time and settled in accordance with Section 5
below. 
 (e)    This Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize
or otherwise change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

5.    Settlement of Restricted Stock Units. To the extent you are eligible but have not elected to defer
settlement of the Restricted Stock Units, the Restricted Stock Units shall be automatically settled in Shares upon vesting of such Restricted Stock Units, provided that the Company shall have no obligation to issue Shares pursuant to this Agreement
unless and until you have satisfied any applicable Tax-Related Items, as described an defined in Section 6 below, and such issuance otherwise complies with all applicable laws. To the extent you are
eligible but have elected to defer settlement of the Restricted Stock Units, the vested portion of the Restricted Stock Units shall be settled in Shares upon the earlier of: (a) your separation from service within the meaning of Code
Section 409A (“Separation from Service”) and (b) the fixed payment date elected by you, if any, at the time of such deferral (which shall be the first business day of a year no earlier than six years after the year of the Grant
Date in accordance with procedures approved by the Committee), provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless such issuance complies with all applicable law. Notwithstanding the foregoing, to the
extent your Restricted Stock Units would otherwise be settled upon your Separation from Service, such settlement shall instead occur upon the Company’s first business day following the six-month
anniversary of your Separation from Service. 
 6.    Taxes. 

(a)    Regardless of any action the Company or your employer (the “Employer”) takes with respect to any and all
income tax, social taxes or insurance contributions, payroll tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you (“Tax-Related Items”), you acknowledge that the ultimate liability for all Tax-Related Items with respect to the Restricted Stock Units is and remains your
responsibility and may exceed the amount actually withheld by the Company or the Employer. You further acknowledge that the Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Restricted Stock Units, including the grant, vesting or settlement of the Restricted Stock Units, or the subsequent sale of any Shares acquired at vesting or
the receipt of any dividends with respect to such Shares, and (ii) do not commit to and are under no obligation to structure the terms or any aspect of the Restricted Stock Units to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. Further, if you become subject to taxation in more than one jurisdiction between the Grant Date and the date of any relevant taxable event, you acknowledge
that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 

(b)    Prior to any relevant tax, withholding or required deduction event, as applicable, you agree to make arrangements
satisfactory to the Company for the satisfaction of any applicable tax, withholding, required deduction and payment on account obligations of the Company and/or the Employer that arise in connection with the Restricted Stock Units. In this regard,
you authorize the Company and/or the Employer, or their respective agents, at their discretion, to satisfy any obligations related to Tax-Related Items by one or a combination of the following:
(1) withholding from your wages or other cash compensation payable to you by the Company or the Employer; (2) withholding from proceeds of the sale of Shares acquired upon settlement of the Restricted Stock Units either through a voluntary
sale or through a mandatory sale arranged by the Company (on your behalf pursuant to this authorization); (3) withholding of Shares that would otherwise be issued upon settlement of the Restricted Stock Units; or (4) requiring you to satisfy
the liability for Tax-Related Items by means of any other arrangement approved by the Company. If the obligation for Tax-Related Items is satisfied by withholding of
Shares, for tax purposes, you are deemed to have been issued the full number of Shares subject to the vested Restricted Stock Units, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of your participation in the Plan. You agree to provide the Company and/or its stock plan broker/administrator with the information necessary to manage your Tax-Related Item withholding and acknowledge that should you fail to provide such information on a timely basis, the Company and/or its stock plan broker / administrator may be obligated to withhold amounts from you
and it may be necessary for you to seek a refund directly from the tax authorities. To avoid financial accounting charges under applicable accounting guidance, the Company may withhold or account for
Tax-Related Items by considering applicable minimum statutory rates or may take any other action required to avoid financial accounting charges under applicable accounting guidance. If the Company does not
satisfy the obligation for Tax-Related Items by the withholding of Shares and instead withholds proceeds from the sale of Shares acquired upon settlement of the Restricted Stock Units, the Company may withhold
or account for Tax-Related Items by considering maximum applicable rates, in which case you will receive a refund of any over-withheld amount in cash to the extent that any over-withheld amount has not
otherwise been remitted to the applicable tax authority and will have no entitlement to the Common Stock equivalent. 

(c)    Finally, you will pay to the Company or the Employer any amount of
Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of your participation in the Plan or your acquisition of Shares that cannot be satisfied by the means
previously described. The Company shall not be required to issue or deliver Shares pursuant to this Agreement unless and until such obligations are satisfied. 

7.    Tax and Legal Advice. You represent, warrant and acknowledge that neither the Company nor your
Employer have made any warranties or representations to you with respect to any Tax-Related Items, legal or financial consequences of the transactions contemplated by this Agreement, and you are in no manner
relying on the Company, the Employer’s or the Company’s or the Employer’s representatives for an assessment of such consequences. YOU UNDERSTAND THAT THE LAWS GOVERNING THIS AWARD ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN
PROFESSIONAL TAX, LEGAL AND FINANCIAL ADVISOR REGARDING ANY RESTRICTED STOCK UNITS. YOU UNDERSTAND THAT THE COMPANY AND THE EMPLOYER ARE NOT PROVIDING ANY TAX, LEGAL, OR FINANCIAL ADVICE, NOR IS THE COMPANY OR THE EMPLOYER MAKING ANY RECOMMENDATION
REGARDING YOUR ACCEPTANCE OF THIS AWARD. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER OR OTHER PENALTIES. 

 8.    Non-Transferability
of Restricted Stock Units. Restricted Stock Units shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation of law.

 9.    Restriction on Transfer. Regardless of whether the transfer or issuance of the Shares to be
issued pursuant to the Restricted Stock Units has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose additional restrictions upon the sale, pledge, or other
transfer of the Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s counsel, such
restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law, including all applicable foreign laws. 

10.    Restrictive Legends and Stop-Transfer Instructions. Stock certificates evidencing the Shares issued
pursuant to the Restricted Stock Units may bear such restrictive legends and/or appropriate stop-transfer instructions may be issued to the Company’s transfer agent as the Company and the Company’s counsel deem necessary under applicable
law or pursuant to this Agreement. 
 11.    Representations, Warranties, Covenants, and Acknowledgments.
You hereby agree that in the event the Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Shares issued pursuant to the Restricted Stock Units may be conditioned
upon you making certain representations, warranties, and acknowledgments relating to compliance with applicable laws. 

12.    Voting and Other Rights. Subject to the terms of this Agreement, you shall not have any voting rights
or any other rights and privileges of a stockholder of the Company unless and until the Restricted Stock Units are settled in Shares. In addition, you shall not have any rights to dividend equivalent payments with respect to Restricted Stock Units.

 13.    Authorization to Release and Transfer Necessary Personal
Information. 
 (a)    You hereby explicitly and unambiguously consent to the collection, use and transfer, in
electronic or other form, of your personal information as described in this Agreement by and among, as applicable, the Employer, and the Company and its Parent, Subsidiaries and Affiliates for the exclusive purpose of implementing, administering and
managing your participation in the Plan. 
 (b)    You understand that the Company and the Employer may hold certain
personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number (or any other social or national identification number), salary, nationality, job title, residency
status, any Shares or directorships held in the Company, details of all Restricted Stock Units or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding (the “Data”) for the purpose of implementing,
administering and managing your participation in the Plan. You understand that the Data may be transferred to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties assisting in the implementation, administration and
management of the Plan, that these recipients may be located in your country or elsewhere, including outside the European Economic Area, and that the recipient’s country (e.g., the United States) may have different data privacy laws and
protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the recipients to receive, possess,
use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data to a broker or other third party
assisting with the administration of these Restricted Stock Units under the Plan or with whom Shares acquired pursuant to these Restricted Stock Units or cash from the sale of such Shares may be deposited. Furthermore, you acknowledge and understand
that the transfer of the Data to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties is necessary for your participation in the Plan. 

(c)    You understand that the Data will be held only as long as is necessary to implement, administer and manage your
participation in the Plan. You understand that you may, at any time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents herein
by contacting your local human resources representative in writing. Further, you understand that you are providing the consents herein on a purely voluntary basis. If you do not consent, or if you later seek to revoke your consent, your employment
status or service and career with the Employer will not be adversely affected; the only adverse consequence of refusing or withdrawing your consent is that the Company would not be able to grant you Restricted Stock Units or other equity awards, or
administer or maintain such awards. Therefore, you understand that refusing or withdrawing your consent may affect your ability to vest in or realize benefits from these Restricted Stock Units and your ability to participate in the Plan. For
more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 

14.    No Entitlement or Claims for Compensation. 

(a)    Your rights, if any, in respect of or in connection with these Restricted Stock Units or any other
Award are derived solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. The Plan may be amended, suspended or terminated by the Company at any time, unless otherwise
provided in the Plan and this Agreement. By accepting these Restricted Stock Units, you expressly acknowledge that there is no obligation on the part of the Company to continue the Plan and/or grant any additional Restricted Stock Units to you or
benefits in lieu of Restricted Stock Units, even if Restricted Stock Units have been granted in the past. All decisions with respect to future grants of Restricted Stock Units, if any, will be at the sole discretion of the Committee. 

(b)    The Restricted Stock Units and the Shares subject to the Restricted Stock Units are not intended to replace any
pension rights or compensation and are not to be considered compensation of a continuing or recurring nature, or part of your normal or expected compensation, and in no way represent any portion of your salary, compensation or other remuneration for
any purpose, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and in no event should
be considered as compensation for, or relating in any way to, past services for the Company, the Employer or any Parent, Subsidiary or Affiliate. The value of the Restricted Stock Units is an extraordinary item that does not constitute
compensation of any kind for services of any kind rendered to the Company, the Employer or any Parent, Subsidiary or Affiliate and which is outside the scope of your written employment or service agreement (if any). 

(c)    You acknowledge that you are voluntarily participating in the Plan. 

(d)    Neither the Plan nor these Restricted Stock Units or any other Award granted under the Plan shall be deemed to give
you a right to remain an Employee, Consultant or director of the Company, a Parent, Subsidiary or an Affiliate. The Employer reserves the right to terminate your Service at any time, with or without cause, and for any reason. 

(e)    The grant of the Restricted Stock Units and your participation in the Plan will not be interpreted to form an
employment contract or service relationship with the Company, the Employer or any Parent, Subsidiary or Affiliate. 

(f)    The future value of the underlying Shares is unknown, indeterminable and cannot be predicted with certainty and if
you vest in the Restricted Stock Units and are issued Shares, the value of those Shares may increase or decrease. You also understand that none of the Company, the Employer or any Parent, Subsidiary or Affiliate is responsible for any foreign
exchange fluctuation between the Employer’s local currency and the United States Dollar that may affect the value of this Award. 

(g)    No claim or entitlement to compensation or damages shall arise from forfeiture of the Restricted Stock Units
resulting from the termination of your Service by the Company or the Employer (for any reason whatsoever and whether or not later found to be invalid or in breach of the employment laws in the jurisdiction where you are employed or providing
Service, or the terms your employment or service agreement, if any) and, in consideration of the grant of the Award to which you are not otherwise entitled, you irrevocably agree never to institute any claim against the Employer, the Company or its
Parent, Subsidiaries or Affiliates, waive your ability, if any, to bring any 

 
such claim, and release the Company and its Parent, Subsidiaries and Affiliates from any such claim; if notwithstanding the foregoing, any such claim is allowed by a court of competent
jurisdiction, then, by accepting the Award, you shall be deemed irrevocably to have agreed to not pursue such claim and agree to execute any and all documents necessary to request the withdrawal of such claim. 

(h)    You agree that the Company may require Shares received pursuant to the Restricted Stock Units to be held by a
broker designated by the Company. 
 (i)    You agree that your rights hereunder (if any) shall be subject to set-off by the Company for any valid debts you owe the Company. 
 (j)    Unless
otherwise provided in the Plan or this Agreement, or by the Company in its discretion, the Restricted Stock Units and the benefits evidenced by this Agreement do not create any entitlement to have the Restricted Stock Units transferred to, or
assumed by, another company, nor to be exchanged, cashed out or substituted for in connection with any Corporate Transaction affecting the Common Stock. 

15.    Governing Law and Forum. This Agreement shall be governed by and construed in accordance with the
laws of the State of California without regard to the conflict of laws principles thereof. For purposes of litigating any dispute that may arise directly or indirectly from this Agreement, the parties hereby submit and consent to litigation in the
exclusive jurisdiction of the State of California and agree that any such litigation shall be conducted only in the courts of California or the federal courts for the United States for the Northern District of California and no other courts. 

16.    Notices. Any notice required or permitted under the terms of this Agreement shall be in writing and
shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the mail, as certified or registered mail, with postage prepaid, and addressed to the Company
at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently modified by written notice to the other party. 

17.    Binding Effect. Subject to the limitations set forth in this Agreement, this Agreement shall be
binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

18.    Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall
be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

19.    Waiver. You agree that a waiver by the Company of a breach of any provision of this Agreement shall
not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by you or any other participant. 

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

21.    Language. If this Agreement or any other document related to the Plan is translated into a language
other than English and the meaning of the translated version is different from the English version, the English version will take precedence. 

22.    Appendix. Notwithstanding any provisions in this Agreement, the Restricted Stock Units shall be
subject to any special terms and conditions set forth in any Appendix to this Agreement for your country of residence. Moreover, if you relocate to one of the countries included in the Appendix, the special terms and conditions for such country will
apply to you, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this
Agreement. 
 23.    Imposition of Other Requirements. The Company reserves the right to impose
other requirements on your participation in the Plan, on the Restricted Stock Units and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the
administration of the Plan. You agree to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. Furthermore, you acknowledge that the laws of the country in which you are working at the time of grant,
vesting and settlement of the Restricted Stock Units or the sale of Shares received pursuant to this Agreement (including any rules or regulations governing securities, foreign exchange, tax, labor, or other matters) may subject you to additional
procedural or regulatory requirements that you are and will be solely responsible for and must fulfill. 

24.    Acceptance of Agreement. You must expressly accept the terms and conditions of your Restricted Stock
Units as set forth in this Agreement by electronically accepting this Agreement within 300 days after the Company sends this Agreement to you. If you do not accept your Restricted Stock Units in the manner instructed by the Company, your Restricted
Stock Units will be subject to cancellation. 

*                *       
         *                * 

You acknowledge that by clicking on the I agree button below, you agree to be bound by the terms of this Agreement. 

PLEASE PRINT AND KEEP A COPY FOR YOUR RECORDS 

 (For Grants Beginning in September 2012 

and Prior to September 2013) 

CISCO SYSTEMS, INC. 

STOCK UNIT AGREEMENT 

This Stock Unit Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by and between Cisco
Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005 Stock Incentive Plan (the “Plan”). The material terms of this Stock Unit Award are as follows: 

 

			
	 Employee ID:
	 	 
		
	 Grant Date:
	 	 
		
	 Grant Number:
	 	 
		
	 Restricted Stock Units:
	 	 
		
	 First Vest Date:
	 	 

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning
ascribed to them in the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, the parties agree as follows: 

1.    Restricted Stock Units. Pursuant to the Plan, the Company hereby grants to you, and you hereby accept
from the Company, Restricted Stock Units, each of which is a bookkeeping entry representing the equivalent in value of one (1) Share, on the terms and conditions set forth herein and in the Plan. 

2.    Vesting of Restricted Stock Units. So long as your Service continues, the Restricted Stock Units shall
vest in accordance with the following schedule:                  percent (        %) of the total number of
Restricted Stock Units granted pursuant to this Agreement shall vest on the First Vest Date and on each                  anniversary thereafter, unless otherwise
provided by the Plan or Section 4 below. If you take a leave of absence, the Company may, at its discretion, suspend vesting during the period of leave to the extent permitted under applicable local law. Prior to the time that the Restricted
Stock Units are settled, you shall have no rights other than those of a general creditor of the Company. The Restricted Stock Units represent an unfunded and unsecured obligation of the Company. 

3.    Termination of Service. In the event of the termination of your Service for any reason (whether or not
in breach of local labor laws), all unvested Restricted Stock Units shall be immediately forfeited without consideration. For purposes of the preceding sentence, your right to vest in the Restricted Stock Units will terminate effective as of the
date that you are no longer actively providing Service and will not be extended by any notice period mandated under local law (e.g., active Service would not include a period of “garden leave” or similar period pursuant to local
law); the Company shall have the exclusive discretion to determine when you are no longer actively providing Service for purposes of the Restricted Stock Units. 

4.    Special Acceleration. 

(a)    To the extent the Restricted Stock Units are outstanding at the time of a Corporate Transaction, such Restricted
Stock Units shall automatically become vested in full immediately prior to the effective date of the Corporate Transaction. No such accelerated vesting, however, shall occur if and to the extent: (i) these Restricted Stock Units are, in
connection with the Corporate Transaction, either assumed by the successor corporation (or parent thereof) or replaced with comparable restricted stock units of the successor corporation (or parent thereof) or (ii) these Restricted Stock Units
are replaced with a cash incentive program of the successor corporation which complies with Code Section 409A and preserves the fair market value of the Restricted Stock Units at the time of the Corporate Transaction and provides for subsequent
pay-out in accordance with the settlement provisions set forth in Section 5 below. The determination of the comparability of restricted stock units under clause (i) shall be made by the Committee,
and such determination shall be final, binding and conclusive. 
 (b)    Immediately following the effective date of the
Corporate Transaction, this Agreement shall terminate and cease to be outstanding, except as set forth in Section 5 below with respect to the deferred settlement of Restricted Stock Units or to the extent assumed by the successor corporation
(or parent thereof) in connection with the Corporate Transaction. 
 (c)    If this Agreement is assumed in connection
with a Corporate Transaction, then the Committee shall appropriately adjust the number of units and the kind of shares or securities to be issued pursuant to this Agreement immediately after such Corporate Transaction. 

(d)    To the extent the Restricted Stock Units are outstanding at the time of a Change in Control, such Restricted Stock
Units shall automatically accelerate immediately prior to the effective date of the Change in Control and shall become vested in full at that time and settled in accordance with Section 5 below. 

(e)    This Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize or otherwise
change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

 5.    Settlement of Restricted Stock Units. To the extent
you are eligible but have not elected to defer settlement of the Restricted Stock Units, the Restricted Stock Units shall be automatically settled in Shares upon vesting of such Restricted Stock Units, provided that the Company shall have no
obligation to issue Shares pursuant to this Agreement unless and until you have satisfied any applicable tax and/or other obligations pursuant to Section 6 below and such issuance otherwise complies with all applicable law. To the extent you
are eligible but have elected to defer settlement of the Restricted Stock Units, the vested portion of the Restricted Stock Units shall be settled in Shares upon the earlier of: (a) your separation from service within the meaning of Code
Section 409A (“Separation from Service”) and (b) the fixed payment date elected by you, if any, at the time of such deferral (which shall be the first business day of a year no earlier than six years after the year of the Grant
Date in accordance with procedures approved by the Committee), provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless such issuance complies with all applicable law. Notwithstanding the foregoing, to the
extent your Restricted Stock Units would otherwise be settled upon your Separation from Service, such settlement shall instead occur upon the Company’s first business day following the six-month
anniversary of your Separation from Service. 
 6.    Taxes. 

(a)    Regardless of any action the Company or your employer (the “Employer”) takes with respect to any and all
income tax, social taxes or insurance contributions, payroll tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you (“Tax-Related Items”), you acknowledge that the ultimate liability for all Tax-Related Items with respect to the Restricted Stock Units is and remains your
responsibility and may exceed the amount actually withheld by the Company or the Employer. You further acknowledge that the Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Restricted Stock Units, including the grant, vesting or settlement of the Restricted Stock Units, or the subsequent sale of any Shares acquired at vesting or
the receipt of any dividends with respect to such Shares; and (ii) do not commit to and are under no obligation to structure the terms or any aspect of the Restricted Stock Units to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. Further, if you become subject to taxation in more than one jurisdiction between the Grant Date and the date of any relevant taxable event, you acknowledge
that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 

(b)    Prior to any relevant tax, withholding or required deduction event, as applicable, you agree to make arrangements
satisfactory to the Company for the satisfaction of any applicable tax, withholding, required deduction and payment on account obligations of the Company and/or the Employer that arise in connection with the Restricted Stock Units. In this regard,
you authorize the Company and/or the Employer, or their respective agents, at their discretion, to satisfy any obligations related to Tax-Related Items by one or a combination of the following:
(1) withholding from your wages or other cash compensation payable to you by the Company or the Employer; (2) withholding from proceeds of the sale of Shares acquired upon settlement of the Restricted Stock Units either through a voluntary
sale or through a mandatory sale arranged by the Company (on your behalf pursuant to this authorization); (3) withholding of Shares that would otherwise be issued upon settlement of the Restricted Stock Units; or (4) requiring you to
satisfy the liability for Tax-Related Items by means of any other arrangement approved by the Company. If the obligation for Tax-Related Items is satisfied by
withholding of Shares, for tax purposes, you are deemed to have been issued the full number of Shares subject to the vested Restricted Stock Units, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of your participation in the Plan. To avoid financial accounting charges under applicable accounting guidance, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory rates or may take any other action required to avoid financial accounting charges under applicable accounting guidance. 

(c) Finally, you will pay to the Company or the Employer any amount of Tax-Related Items that the
Company or the Employer may be required to withhold or account for as a result of your participation in the Plan or your acquisition of Shares that cannot be satisfied by the means previously described. The Company shall not be required to issue or
deliver Shares pursuant to this Agreement unless and until such obligations are satisfied. 
 7.    Tax and Legal
Advice. You represent, warrant and acknowledge that neither the Company nor your Employer have made any warranties or representations to you with respect to any Tax-Related Items, legal or financial
consequences of the transactions contemplated by this Agreement, and you are in no manner relying on the Company, your Employer’s or the Company’s or the Employer’s representatives for an assessment of such consequences. YOU
UNDERSTAND THAT THE LAWS GOVERNING THIS AWARD ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN PROFESSIONAL TAX, LEGAL AND FINANCIAL ADVISOR REGARDING ANY RESTRICTED STOCK UNITS. YOU UNDERSTAND THAT THE COMPANY AND YOUR EMPLOYER ARE NOT PROVIDING
ANY TAX, LEGAL, OR FINANCIAL ADVICE, NOR IS THE COMPANY OR YOUR EMPLOYER MAKING ANY RECOMMENDATION REGARDING YOUR ACCEPTANCE OF THIS AWARD. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING
TAXPAYER OR OTHER PENALTIES. 
 8.    Non-Transferability of Restricted
Stock Units. Restricted Stock Units shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation of law. 

9.    Restriction on Transfer. Regardless of whether the transfer or issuance of the Shares to be issued
pursuant to the Restricted Stock Units has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose additional restrictions upon the sale, pledge, or other transfer
of the Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s counsel, such
restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law including all applicable foreign laws. 

10.    Restrictive Legends and Stop-Transfer Instructions. Stock certificates evidencing the Shares issued
pursuant to the Restricted Stock Units may bear such restrictive legends and/or appropriate stop-transfer instructions may be issued to the Company’s transfer agent as the Company and the Company’s counsel deem necessary under applicable
law or pursuant to this Agreement. 
 11.    Representations, Warranties, Covenants, and Acknowledgments.
You hereby agree that in the event the Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Shares issued pursuant to the Restricted Stock Units may be conditioned
upon you making certain representations, warranties, and acknowledgments relating to compliance with applicable laws. 

 12.    Voting and Other Rights. Subject to the terms of
this Agreement, you shall not have any voting rights or any other rights and privileges of a stockholder of the Company unless and until the Restricted Stock Units are settled in Shares. In addition, you shall not have any rights to dividend
equivalent payments with respect to Restricted Stock Units. 
 13.    Authorization to Release and Transfer
Necessary Personal Information. 
 (a)    You hereby explicitly and unambiguously consent to the
collection, use and transfer, in electronic or other form, of your personal information as described in this Agreement by and among, as applicable, the Employer, and the Company and its Parent, Subsidiaries and Affiliates for the exclusive purpose
of implementing, administering and managing your participation in the Plan. 
 (b)    You understand that
the Company and the Employer may hold certain personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number (or any other social or national identification
number), salary, nationality, job title, residency status, any Shares or directorships held in the Company, details of all Restricted Stock Units or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding (the
“Data”) for the purpose of implementing, administering and managing your participation in the Plan. You understand that Data may be transferred to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties
assisting in the implementation, administration and management of the Plan, that these recipients may be located in your country or elsewhere, including outside the European Economic Area, and that the recipient’s country (e.g., the United
States) may have different data privacy laws and protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative.
You authorize the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of
such Data to a broker or other third party assisting with the administration of these Restricted Stock Units under the Plan or with whom Shares acquired pursuant to these Restricted Stock Units or cash from the sale of such Shares may be deposited.
Furthermore, you acknowledge and understand that the transfer of the Data to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties is necessary for your participation in the Plan. 

(c)    You understand that Data will be held only as long as is necessary to implement, administer and manage your
participation in the Plan. You understand that you may, at any time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents herein
by contacting your local human resources representative in writing. You further acknowledge that withdrawal of consent may affect your ability to vest in or realize benefits from these Restricted Stock Units, and your ability to participate in the
Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 

14.    No Entitlement or Claims for Compensation. 

(a)    Your rights, if any, in respect of or in connection with these Restricted Stock Units or any other Award are
derived solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. The Plan may be amended, suspended or terminated by the Company at any time, unless otherwise provided
in the Plan and this Agreement. By accepting these Restricted Stock Units, you expressly acknowledge that there is no obligation on the part of the Company to continue the Plan and/or grant any additional Restricted Stock Units to you or benefits in
lieu of Restricted Stock Units, even if Restricted Stock Units have been granted repeatedly in the past. All decisions with respect to future grants of Restricted Stock Units, if any, will be at the sole discretion of the Committee. 

(b)    The Restricted Stock Units and the Shares subject to the Restricted Stock Units are not intended to replace any
pension rights or compensation and are not to be considered compensation of a continuing or recurring nature, or part of your normal or expected compensation, and in no way represent any portion of your salary, compensation or other remuneration for
any purpose, including but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and in no event should
be considered as compensation for, or relating in any way to, past services for the Company, the Employer or any Parent, Subsidiary or Affiliate. The value of the Restricted Stock Units is an extraordinary item that does not constitute compensation
of any kind for services of any kind rendered to the Company, the Employer or any Parent, Subsidiary or Affiliate and which is outside the scope of your written employment agreement (if any). 

(c)    You acknowledge that you are voluntarily participating in the Plan. 

(d)    Neither the Plan nor these Restricted Stock Units or any other Award granted under the Plan shall be deemed to give
you a right to remain an Employee, Consultant or director of the Company, a Parent, Subsidiary or an Affiliate. The Employer reserves the right to terminate your Service at any time, with or without cause, and for any reason, subject to applicable
laws, the Company’s Articles of Incorporation and Bylaws, and a written employment agreement (if any). 

(e)    The grant of the Restricted Stock Units and your participation in the Plan will not be interpreted to form an
employment contract or relationship with the Company, the Employer or any Parent, Subsidiary or Affiliate. 
 (f)    The
future value of the underlying Shares is unknown and cannot be predicted with certainty and if you vest in the Restricted Stock Units and are issued Shares, the value of those Shares may increase or decrease. You also understand that neither the
Company, nor the Employer or any Parent, Subsidiary or Affiliate is responsible for any foreign exchange fluctuation between your Employer’s local currency and the United States Dollar that may affect the value of this Award. 

(g)    In consideration of the grant of the Restricted Stock Units, no claim or entitlement to compensation or damages
shall arise from forfeiture of the Restricted Stock Units resulting from termination of your Service by the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) and you irrevocably release the Company
and the Employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, you shall be deemed irrevocably to have waived your entitlement to pursue such
claim. 

 (h)    You agree that the Company may require Shares received pursuant
to the Restricted Stock Units to be held by a broker designated by the Company. 
 (i)    You agree that your rights
hereunder (if any) shall be subject to set-off by the Company for any valid debts you owe the Company. 

(j)    The Restricted Stock Units and the benefits under the Plan, if any, will not automatically transfer to another
company in the case of a merger, take-over or transfer of liability. 
 15.    Governing Law and Forum.
This Agreement shall be governed by and construed in accordance with the laws of the State of California without regard to the conflict of laws principles thereof. For purposes of litigating any dispute that may arise directly or indirectly from
this Agreement, the parties hereby submit and consent to litigation in the exclusive jurisdiction of the State of California and agree that any such litigation shall be conducted only in the courts of California or the federal courts for the United
States for the Northern District of California and no other courts. 
 16.    Notices. Any notice required
or permitted under the terms of this Agreement shall be in writing and shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the mail, as certified
or registered mail, with postage prepaid, and addressed to the Company at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently modified by
written notice to the other party. 
 17.    Binding Effect. Subject to the limitations set forth in this
Agreement, this Agreement shall be binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

18.    Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall
be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

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

20.    Language. If this Agreement or any other document related to the Plan is translated into a language
other than English and the meaning of the translated version is different from the English version, the English version will take precedence. 

21.    Appendix. Notwithstanding any provisions in this Agreement, the Restricted Stock Units shall be
subject to any special terms and conditions set forth in any Appendix to this Agreement for your country of residence. Moreover, if you relocate to one of the countries included in the Appendix, the special terms and conditions for such country will
apply to you, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this
Agreement. 
 22.    Imposition of Other Requirements. The Company reserves the right to impose other
requirements on your participation in the Plan, on the Restricted Stock Units and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the
administration of the Plan. You agree to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. Furthermore, you acknowledge that the laws of the country in which you are working at the time of grant,
vesting and settlement of the Restricted Stock Units or the sale of Shares received pursuant to this Agreement (including any rules or regulations governing securities, foreign exchange, tax, labor, or other matters) may subject you to additional
procedural or regulatory requirements that you are and will be solely responsible for and must fulfill. 

23.    Acceptance of Agreement. You must expressly accept the terms and conditions of your Restricted Stock
Units as set forth in this Agreement by electronically accepting this Agreement within 300 days after the Company sends this Agreement to you. If you do not accept your Restricted Stock Units in the manner instructed by the Company, your Restricted
Stock Units will be subject to cancellation. 

*                *       
         *                * 

You acknowledge that by clicking on the I agree button below, you agree to be bound by the terms of this Agreement. 

PLEASE PRINT AND KEEP A COPY FOR YOUR RECORDS 

 (For Grants Beginning in September 2010 

and Prior to September 2012) 

CISCO SYSTEMS, INC. 

STOCK UNIT AGREEMENT 

This Stock Unit Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by and between Cisco
Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005 Stock Incentive Plan (the “Plan”). The material terms of this Stock Unit Award are as follows: 

 

			
	 Employee ID:
	 	 
		
	 Grant Date:
	 	 
		
	 Grant Number:
	 	 
		
	 Restricted Stock Units:
	 	 
		
	 First Vest Date:
	 	 

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning
ascribed to them in the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, the parties agree as follows: 

1.    Restricted Stock Units. Pursuant to the Plan, the Company hereby grants to you, and you hereby accept
from the Company, Restricted Stock Units, each of which is a bookkeeping entry representing the equivalent in value of one (1) Share, on the terms and conditions set forth herein and in the Plan. 

2.    Vesting of Restricted Stock Units. So long as your Service continues, the Restricted Stock Units shall
vest in accordance with the following schedule:                  (      %) of the total number of Restricted
Stock Units granted pursuant to this Agreement shall vest on the First Vest Date and on each                  anniversary thereafter, unless
otherwise provided by the Plan or Section 4 below. If you take a leave of absence, the Company may, at its discretion, suspend vesting during the period of leave to the extent permitted under applicable local law. Prior to the time that the
Restricted Stock Units are settled, you shall have no rights other than those of a general creditor of the Company. The Restricted Stock Units represent an unfunded and unsecured obligation of the Company. 

3.    Termination of Service. In the event of the termination of your Service for any reason (whether or not
in breach of local labor laws), all unvested Restricted Stock Units shall be immediately forfeited without consideration. For purposes of the preceding sentence, your right to vest in the Restricted Stock Units will terminate effective as of the
date that you are no longer actively providing Service and will not be extended by any notice period mandated under local law (e.g., active Service would not include a period of “garden leave” or similar period pursuant to local
law); the Company shall have the exclusive discretion to determine when you are no longer actively providing Service for purposes of the Restricted Stock Units. 

4.    Special Acceleration. 

(a)    To the extent the Restricted Stock Units are outstanding at the time of a Corporate Transaction, such Restricted
Stock Units shall automatically become vested in full immediately prior to the effective date of the Corporate Transaction. No such accelerated vesting, however, shall occur if and to the extent: (i) these Restricted Stock Units are, in
connection with the Corporate Transaction, either assumed by the successor corporation (or parent thereof) or replaced with comparable restricted stock units of the successor corporation (or parent thereof) or (ii) these Restricted Stock Units
are replaced with a cash incentive program of the successor corporation which complies with Code Section 409A and preserves the fair market value of the Restricted Stock Units at the time of the Corporate Transaction and provides for subsequent
pay-out in accordance with the settlement provisions set forth in Section 5 below. The determination of the comparability of restricted stock units under clause (i) shall be made by the Committee,
and such determination shall be final, binding and conclusive. 
 (b)    Immediately following the effective date of the
Corporate Transaction, this Agreement shall terminate and cease to be outstanding, except as set forth in Section 5 below with respect to the deferred settlement of Restricted Stock Units or to the extent assumed by the successor corporation
(or parent thereof) in connection with the Corporate Transaction. 
 (c)    If this Agreement is assumed in connection
with a Corporate Transaction, then the Committee shall appropriately adjust the number of units and the kind of shares or securities to be issued pursuant to this Agreement immediately after such Corporate Transaction. 

(d)    To the extent the Restricted Stock Units are outstanding at the time of a Change in Control, such Restricted Stock
Units shall automatically accelerate immediately prior to the effective date of the Change in Control and shall become vested in full at that time and settled in accordance with Section 5 below. 

(e)    This Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize or otherwise
change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

 5.    Settlement of Restricted Stock Units. To the extent
you are eligible but have not elected to defer settlement of the Restricted Stock Units, the Restricted Stock Units shall be automatically settled in Shares upon vesting of such Restricted Stock Units, provided that the Company shall have no
obligation to issue Shares pursuant to this Agreement unless and until you have satisfied any applicable tax and/or other obligations pursuant to Section 6 below and such issuance otherwise complies with all applicable law. To the extent you
are eligible but have elected to defer settlement of the Restricted Stock Units, the vested portion of the Restricted Stock Units shall be settled in Shares upon the earlier of: (a) your separation from service within the meaning of Code
Section 409A (“Separation from Service”) and (b) the fixed payment date elected by you, if any, at the time of such deferral (which shall be the first business day of a year no earlier than five years after the year of the Grant
Date in accordance with procedures approved by the Committee), provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless such issuance complies with all applicable law. Notwithstanding the foregoing, to the
extent your Restricted Stock Units would otherwise be settled upon your Separation from Service, such settlement shall instead occur upon the Company’s first business day following the six-month
anniversary of your Separation from Service. 
 6.    Taxes. 

(a)     Regardless of any action the Company or your employer (the “Employer”) takes with respect to any and all
income tax, social taxes or insurance contributions, payroll tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you (“Tax-Related Items”), you acknowledge that the ultimate liability for all Tax-Related Items with respect to the Restricted Stock Units is and remains your
responsibility and may exceed the amount actually withheld by the Company or the Employer. You further acknowledge that the Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Restricted Stock Units, including the grant, vesting or settlement of the Restricted Stock Units, or the subsequent sale of any Shares acquired at vesting or
the receipt of any dividends with respect to such Shares; and (ii) do not commit to and are under no obligation to structure the terms or any aspect of the Restricted Stock Units to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. Further, if you become subject to taxation in more than one jurisdiction between the Grant Date and the date of any relevant taxable event, you acknowledge
that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 

(b)    Prior to any relevant tax, withholding or required deduction event, as applicable, you agree to make arrangements
satisfactory to the Company for the satisfaction of any applicable tax, withholding, required deduction and payment on account obligations of the Company and/or the Employer that arise in connection with the Restricted Stock Units. In this regard,
you authorize the Company and/or the Employer, or their respective agents, at their discretion, to satisfy any obligations related to Tax-Related Items by one or a combination of the following:
(1) withholding from your wages or other cash compensation payable to you by the Company or the Employer; (2) withholding from proceeds of the sale of Shares acquired upon settlement of the Restricted Stock Units either through a voluntary
sale or through a mandatory sale arranged by the Company (on your behalf pursuant to this authorization); (3) withholding of Shares that would otherwise be issued upon settlement of the Restricted Stock Units; or (4) requiring you to
satisfy the liability for Tax-Related Items by means of any other arrangement approved by the Company. If the obligation for Tax-Related Items is satisfied by
withholding of Shares, for tax purposes, you are deemed to have been issued the full number of Shares subject to the vested Restricted Stock Units, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of your participation in the Plan. To avoid financial accounting charges under applicable accounting guidance, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory rates or may take any other action required to avoid financial accounting charges under applicable accounting guidance. 

(c)    Finally, you will pay to the Company or the Employer any amount of
Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of your participation in the Plan or your acquisition of Shares that cannot be satisfied by the means
previously described. The Company shall not be required to issue or deliver Shares pursuant to this Agreement unless and until such obligations are satisfied. 

7.    Tax and Legal Advice. You represent, warrant and acknowledge that neither the Company nor your
Employer have made any warranties or representations to you with respect to any Tax-Related Items, legal or financial consequences of the transactions contemplated by this Agreement, and you are in no manner
relying on the Company, your Employer’s or the Company’s or the Employer’s representatives for an assessment of such consequences. YOU UNDERSTAND THAT THE LAWS GOVERNING THIS AWARD ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN
PROFESSIONAL TAX, LEGAL AND FINANCIAL ADVISOR REGARDING ANY RESTRICTED STOCK UNITS. YOU UNDERSTAND THAT THE COMPANY AND YOUR EMPLOYER ARE NOT PROVIDING ANY TAX, LEGAL, OR FINANCIAL ADVICE, NOR IS THE COMPANY OR YOUR EMPLOYER MAKING ANY
RECOMMENDATION REGARDING YOUR ACCEPTANCE OF THIS AWARD. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER OR OTHER PENALTIES. 

8.    Non-Transferability of Restricted Stock Units. Restricted
Stock Units shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation of law. 

9.    Restriction on Transfer. Regardless of whether the transfer or issuance of the Shares to be issued
pursuant to the Restricted Stock Units has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose additional restrictions upon the sale, pledge, or other transfer
of the Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s counsel, such
restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law including all applicable foreign laws. 

10.    Restrictive Legends and Stop-Transfer Instructions. Stock certificates evidencing the Shares issued
pursuant to the Restricted Stock Units may bear such restrictive legends and/or appropriate stop-transfer instructions may be issued to the Company’s transfer agent as the Company and the Company’s counsel deem necessary under applicable
law or pursuant to this Agreement. 
 11.    Representations, Warranties, Covenants, and Acknowledgments.
You hereby agree that in the event the Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Shares issued pursuant to the Restricted Stock Units may be conditioned
upon you making certain representations, warranties, and acknowledgments relating to compliance with applicable laws.

 12.    Voting and Other Rights. Subject to the terms of
this Agreement, you shall not have any voting rights or any other rights and privileges of a stockholder of the Company unless and until the Restricted Stock Units are settled in Shares. In addition, you shall not have any rights to dividend
equivalent payments with respect to Restricted Stock Units. 
 13.    Authorization to Release and Transfer
Necessary Personal Information. 
 (a)    You hereby explicitly and unambiguously consent to the
collection, use and transfer, in electronic or other form, of your personal information as described in this Agreement by and among, as applicable, the Employer, and the Company and its Parent, Subsidiaries and Affiliates for the exclusive purpose
of implementing, administering and managing your participation in the Plan. 
 (b)    You understand that
the Company and the Employer may hold certain personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number (or any other social or national identification
number), salary, nationality, job title, residency status, any Shares or directorships held in the Company, details of all Restricted Stock Units or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding (the
“Data”) for the purpose of implementing, administering and managing your participation in the Plan. You understand that Data may be transferred to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties
assisting in the implementation, administration and management of the Plan, that these recipients may be located in your country or elsewhere, including outside the European Economic Area, and that the recipient’s country (e.g., the United
States) may have different data privacy laws and protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative.
You authorize the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of
such Data to a broker or other third party assisting with the administration of these Restricted Stock Units under the Plan or with whom Shares acquired pursuant to these Restricted Stock Units or cash from the sale of such Shares may be deposited.
Furthermore, you acknowledge and understand that the transfer of the Data to the Company or any of its Parent, Subsidiaries or Affiliates, or to any third parties is necessary for your participation in the Plan. 

(c)    You understand that Data will be held only as long as is necessary to implement, administer and manage your
participation in the Plan. You understand that you may, at any time, view the Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the consents herein
by contacting your local human resources representative in writing. You further acknowledge that withdrawal of consent may affect your ability to vest in or realize benefits from these Restricted Stock Units, and your ability to participate in the
Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 

14.    No Entitlement or Claims for Compensation.

(a)    Your rights, if any, in respect of or in connection with these Restricted Stock Units or any other Award are
derived solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. The Plan may be amended, suspended or terminated by the Company at any time, unless otherwise provided
in the Plan and this Agreement. By accepting these Restricted Stock Units, you expressly acknowledge that there is no obligation on the part of the Company to continue the Plan and/or grant any additional Restricted Stock Units to you or benefits in
lieu of Restricted Stock Units, even if Restricted Stock Units have been granted repeatedly in the past. All decisions with respect to future grants of Restricted Stock Units, if any, will be at the sole discretion of the Committee. 

(b)    The Restricted Stock Units and the Shares subject to the Restricted Stock Units are not intended to replace any
pension rights or compensation and are not to be considered compensation of a continuing or recurring nature, or part of your normal or expected compensation, and in no way represent any portion of your salary, compensation or other remuneration for
any purpose, including but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and in no event should
be considered as compensation for, or relating in any way to, past services for the Company, the Employer or any Parent, Subsidiary or Affiliate. The value of the Restricted Stock Units is an extraordinary item that does not constitute compensation
of any kind for services of any kind rendered to the Company, the Employer or any Parent, Subsidiary or Affiliate and which is outside the scope of your written employment agreement (if any). 

(c)    You acknowledge that you are voluntarily participating in the Plan. 

(d)    Neither the Plan nor these Restricted Stock Units or any other Award granted under the Plan shall be deemed to give
you a right to remain an Employee, Consultant or director of the Company, a Parent, Subsidiary or an Affiliate. The Employer reserves the right to terminate your Service at any time, with or without cause, and for any reason, subject to applicable
laws, the Company’s Articles of Incorporation and Bylaws, and a written employment agreement (if any). 
 (e)    
The grant of the Restricted Stock Units and your participation in the Plan will not be interpreted to form an employment contract or relationship with the Company, the Employer or any Parent, Subsidiary or Affiliate. 

(f)    The future value of the underlying Shares is unknown and cannot be predicted with certainty and if you vest in the
Restricted Stock Units and are issued Shares, the value of those Shares may increase or decrease. You also understand that neither the Company, nor the Employer or any Parent, Subsidiary or Affiliate is responsible for any foreign exchange
fluctuation between your Employer’s local currency and the United States Dollar that may affect the value of this Award. 

(g)    In consideration of the grant of the Restricted Stock Units, no claim or entitlement to compensation or damages
shall arise from forfeiture of the Restricted Stock Units resulting from termination of your Service by the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) and you irrevocably release the Company
and the Employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, you shall be deemed irrevocably to have waived your entitlement to pursue such
claim. 
 (h)    You agree that the Company may require Shares received pursuant to the Restricted Stock Units to be
held by a broker designated by the Company. 

 (i)    You agree that your rights hereunder (if any) shall be subject to
set-off by the Company for any valid debts you owe the Company. 
 (j)    The
Restricted Stock Units and the benefits under the Plan, if any, will not automatically transfer to another company in the case of a merger, take-over or transfer of liability. 

15.    Governing Law and Forum. This Agreement shall be governed by and construed in accordance with the
laws of the State of California without regard to the conflict of laws principles thereof. For purposes of litigating any dispute that may arise directly or indirectly from this Agreement, the parties hereby submit and consent to litigation in the
exclusive jurisdiction of the State of California and agree that any such litigation shall be conducted only in the courts of California or the federal courts for the United States for the Northern District of California and no other courts. 

16.    Notices. Any notice required or permitted under the terms of this Agreement shall be in writing and
shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the mail, as certified or registered mail, with postage prepaid, and addressed to the Company
at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently modified by written notice to the other party. 

17.    Binding Effect. Subject to the limitations set forth in this Agreement, this Agreement shall be
binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

18.    Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall
be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

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

20.    Language. If this Agreement or any other document related to the Plan is translated into a language
other than English and the meaning of the translated version is different from the English version, the English version will take precedence. 

21.    Appendix. Notwithstanding any provisions in this Agreement, the Restricted Stock Units shall be
subject to any special terms and conditions set forth in any Appendix to this Agreement for your country of residence. Moreover, if you relocate to one of the countries included in the Appendix, the special terms and conditions for such country will
apply to you, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this
Agreement. 
 22.    Imposition of Other Requirements. The Company reserves the right to impose other
requirements on your participation in the Plan, on the Restricted Stock Units and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the
administration of the Plan. You agree to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. Furthermore, you acknowledge that the laws of the country in which you are working at the time of grant,
vesting and settlement of the Restricted Stock Units or the sale of Shares received pursuant to this Agreement (including any rules or regulations governing securities, foreign exchange, tax, labor, or other matters) may subject you to additional
procedural or regulatory requirements that you are and will be solely responsible for and must fulfill. 

23.    Acceptance of Agreement. You must expressly accept the terms and conditions of your Restricted Stock
Units as set forth in this Agreement by electronically accepting this Agreement within 300 days after the Company sends this Agreement to you. If you do not accept your Restricted Stock Units in the manner instructed by the Company, your Restricted
Stock Units will be subject to cancellation. 

*                *       
         *                * 

You acknowledge that by clicking on the I agree button below, you agree to be bound by the terms of this Agreement. 

PLEASE PRINT AND KEEP A COPY FOR YOUR RECORDS 

 PERFORMANCE RSU LETTER 

[Date] 
 [Name] 

[Address] 
 [Address] 

Dear                  : 

[introductory text] 
 Your leadership team has recommended that
you receive a performance-based restricted stock unit (PRSU) right with a target of [                  ]. RSUs will be granted after the end
of FY[      ] based upon the satisfaction of an FY[      ] performance condition. 
 The right to
receive a grant of a restricted stock unit depends on Cisco’s satisfaction of certain [                  ] targets for FY[
     ]. Assuming those targets are met or exceeded, the restricted stock units that you are granted will vest [
                 ] percent on the date of grant and [
                 ] percent on each of the next [
                 ] anniversaries of the date of grant thereafter, subject to your continued employment with Cisco or an affiliate on the
applicable vesting date. On each vesting date, the vested units will be settled in Cisco common stock. In addition, in the unlikely event that a corporate transaction or change in control (each as defined in Cisco’s 2005 Stock Incentive Plan)
is consummated during FY[      ] or prior to the Compensation and Management Development Committee’s Certification regarding satisfaction of the FY[      ] performance conditions, the
performance-based restricted stock unit right will be deemed fully earned at target (100%) immediately prior to the effective date of the corporate transaction or the change in control, as the case may be, and will be settled in fully vested
Cisco common stock at that time. 
 Lastly, please note that, if you are employed outside the United States, the Compensation and Management Development
Committee can grant the PRSU Right to you, in its sole discretion, only if and as long as it is permitted and feasible to grant restricted stock units under the laws of the country in which you are employed. If local laws make the grant of
restricted stock units illegal or impractical, Cisco will let you know as soon as possible. You are under no obligation to accept the PRSU Right or any restricted stock units that may subsequently be granted to you. 

 

	
	
	 [concluding text]

	
	 Sincerely,

	
	 

 ACTION REQUIRED : MUST BE RETURNED BY [INSERT APPROPRIATE DATE] 

Deferral Election for 

Annual Equity Award 

2005 Stock Incentive Plan 
  

			
	 Name (Last, First, Middle Initial)
	  	 Employee Number

You may use this form to: 
  

	 	•	 	 Indicate the percentage of your annual restricted stock unit grant under the 2005 Stock Incentive Plan that you
wish to defer. Your elected percentage will apply to each vesting installment of such grant. 

  

	 	•	 	 Designate the settlement timing of the deferred portion of your vested annual restricted stock unit grant.

 PLEASE REMEMBER THAT ONCE YOU MAKE AN ELECTION TO DEFER A RESTRICTED STOCK UNIT GRANT, YOU CANNOT REVOKE THAT
ELECTION. 
  

					
	 DEFERRAL ELECTION
	  	 Please select if you wish to defer restricted stock units; fill in the appropriate
blanks.

			
	 ×
                
	  	 Restricted Stock

Unit Grant
	  	I elect to defer                 % (you may only insert 25%, 50%, 75%, or 100%) of my annual restricted stock unit award anticipated to be
granted under the 2005 Stock Incentive Plan (the “Plan”) on                , 201    (subject to my continued employment with
the Company or the Employer). I understand that this elected percentage will apply to each vesting installment of this grant.

  

					
	 SETTLEMENT DATE *
	  	 Please complete this section to indicate settlement timing for the deferred portion of your
vested annual
restricted stock unit grant. You may only choose one alternative.

			
	 ×
                
  

OR
	  	 Separation of Service
	  	I elect to defer the settlement of the deferred portion of my vested annual restricted stock unit grant to my Separation from Service (as defined in Section 409A of the Internal Revenue Code).
			
	 ×
                
	  	 Date Specific (subject to

earlier settlement upon

separation from service)
	  	I elect to defer the settlement of the deferred portion of my vested annual restricted stock unit grant to the earlier of (i) my Separation from Service; or (ii) the first business day of
20         (insert a year no earlier than [    ] and no later than [    ].

  

	*	 Any vested portion of the deferred portion of my restricted stock unit grant will be settled in shares of the
Company’s common stock. 

 ACTION REQUIRED : MUST BE RETURNED BY [INSERT APPROPRIATE DATE] 

Deferral Election for 

Annual Equity Award 

2005 Stock Incentive Plan 
 I
understand: 
  

	 	•	 	 To the extent I do not elect to defer the settlement of my restricted stock unit grant, such portion of the
restricted stock unit grant will be automatically settled in shares of the Company’s common stock upon the vesting of the restricted stock unit grant (subject to acceleration in certain cases), as more fully set forth in the Stock Unit
Agreement. 

  

	 	•	 	 Any vested portion of the deferred restricted stock unit grant will be settled in shares of the Company’s
common stock as elected by me above. 

  

	 	•	 	 If my Separation from Service occurs before my restricted stock unit grant vests, any unvested restricted stock
units will be forfeited as of the date my Separation from Service occurs. 

  

	 	•	 	 “Separation from Service” is defined in Treasury Regulation
Section 1.409A-1(h). While separation from service generally means termination of employment, a Separation from Service can also occur in the case of certain leaves of absence or upon a significant
reduction in my work schedule. These events can trigger a “Separation from Service” resulting in the forfeiture of my unvested restricted stock units. 

 

	 	•	 	 Certain leaves of absence can result in the suspension of vesting of my unvested restricted stock units. If I
take a leave of absence that suspends the vesting of my restricted stock units such that they are unvested as of the applicable distribution event (whether that is Separation from Service or a date specific I elected), my restricted stock units that
are unvested at the time of such distribution event shall be forfeited. 

  

	 	•	 	 Any employment taxes that are due upon the vesting of my restricted stock unit grant (including the deferred
portion of my grant) shall be deducted at the time of vesting by one or a combination of the following: 

  

	 	(1)	 withholding from my wages or other cash compensation payable to me by the Company or the Employer;

  

	 	(2)	 withholding from proceeds of the sale of shares acquired upon settlement of the restricted stock units either
through a voluntary sale or through a mandatory sale arranged by the Company (on my behalf pursuant to this authorization); 

  

	 	(3)	 withholding of shares that would otherwise be issued upon settlement of the restricted stock units; or

  

	 	(4)	 requiring me to satisfy the liability for any employment taxes by means of any other arrangement approved by
the Company. 

  

	 	•	 	 The receipt of shares of the Company’s common stock pursuant to any restricted stock unit grant will be
taxed as ordinary income to me based on the value of the shares on the date the stock unit grant is settled and I receive shares of the Company’s common stock. This is true whether or not I elect to defer settlement of my restricted stock
units. 

  

	 	•	 	 The settlement of the deferred portion of my annual restricted stock unit grant upon my Separation from Service
will be delayed for six months. 

 ACKNOWLEDGED AND AGREED: 

Signature of
Participant                                       
  Date 

 Non-Employee Director Stock Unit 

(Effective for Grants on and after 

the 2016 Annual Meeting of Shareholders) 

CISCO SYSTEMS, INC. 

STOCK UNIT AGREEMENT 

This Stock Unit Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by and between Cisco
Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005 Stock Incentive Plan (the “Plan”). The material terms of this Stock Unit Award are as follows: 

 

			
	 Grantee:
	 	 
		
	 Grant Date:
	 	 
		
	 Grant Number:
	 	 
		
	 Stock Units:
	 	 

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning ascribed to them in
the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, the parties agree as follows: 

1.    Stock Units. Pursuant to the Plan, the Company hereby grants to you, and you hereby accept from the
Company, Stock Units, each of which is a bookkeeping entry representing the equivalent in value of one (1) Share, on the terms and conditions set forth herein and in the Plan. 

2.    Vesting of Stock Units. One-hundred percent (100%) of the
total number of Stock Units granted pursuant to this Agreement shall vest on the Grant Date. 
 3.    Settlement
of Stock Units. Stock Units shall be automatically settled in Shares upon your separation from service within the meaning of Code Section 409A (“Separation from Service”), provided that the Company shall have no obligation to
issue Shares pursuant to this Agreement unless and until such issuance complies with all applicable law; provided further, such settlement shall occur no later than 30 days after your Separation from Service. Prior to the time that the Stock Units
are settled in Shares upon your Separation from Service, you shall have no rights other than those of a general creditor of the Company. The Stock Units represent an unfunded and unsecured obligation of the Company. 

4.    Tax Advice. You represent, warrant and acknowledge that the Company has made no warranties or
representations to you with respect to the income tax consequences of the transactions contemplated by this Agreement, and you are in no manner relying on the Company or the Company’s representatives for an assessment of such tax consequences.
YOU UNDERSTAND THAT THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN TAX ADVISOR REGARDING ANY STOCK UNITS. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING
TAXPAYER PENALTIES. 
 5.    Non-Transferability of Stock Units.
Stock Units shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation of law. 

6.    Restriction on Transfer. Regardless of whether the transfer or issuance of the Shares to be issued
pursuant to the Stock Units has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose additional restrictions upon the sale, pledge, or other transfer of the
Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s counsel, such restrictions
are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law. 

7.    Stock Certificate Restrictive Legends. Stock certificates evidencing the Shares issued pursuant
to the Stock Units may bear such restrictive legends as the Company and the Company’s counsel deem necessary under applicable law or pursuant to this Agreement. 

8.    Representations, Warranties, Covenants, and Acknowledgments. You hereby agree that in the event the
Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Shares issued pursuant to the Stock Units may be conditioned upon you making certain representations,
warranties, and acknowledgments relating to compliance with applicable securities laws. 
 9.    Voting, Dividend
and Other Rights. Subject to the terms of this Agreement and except as set forth below, you shall not have any voting rights or any other rights and privileges of a shareholder of the Company unless and until the Stock Units are settled upon
your Separation from Service. Dividend equivalents shall accrue and will be subject to the same conditions and restrictions as the Stock Units to which they attach as set forth in the Plan or this Agreement and will be settled in additional Shares
upon your Separation from Service. 

 10.    Authorization to Release Necessary Personal
Information. 
 (a)    You hereby authorize and direct the Company to collect, use and transfer in electronic or
other form, any personal information (the “Data”) regarding your service, the nature and amount of your compensation and the facts and conditions of your participation in the Plan (including, but not limited to, your name, home address,
telephone number, date of birth, social security number (or any other social or national identification number), compensation, nationality, job title, number of Shares held and the details of all Awards or any other entitlement to Shares awarded,
cancelled, exercised, vested, unvested or outstanding) for the purpose of implementing, administering and managing your participation in the Plan. You understand that the Data may be transferred to the Company or any of its Subsidiaries, or to any
third parties assisting in the implementation, administration and management of the Plan, including any requisite transfer to a broker or other third party assisting with the administration of these Stock Units under the Plan or with whom Shares
acquired pursuant to these Stock Units or cash from the sale of such shares may be deposited. You acknowledge that recipients of the Data may be located in different countries, and those countries may have data privacy laws and protections different
from those in the country of your residence. Furthermore, you acknowledge and understand that the transfer of the Data to the Company or any of its Subsidiaries, or to any third parties is necessary for your participation in the Plan. 

(b)    You may at any time withdraw the consents herein by contacting the Company’s local human resources
representative in writing. You further acknowledge that withdrawal of consent may affect your ability to exercise or realize benefits from these Stock Units and your ability to participate in the Plan. 

11.    Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the
State of California without regard to the conflict of laws principles thereof. 
 12.    Notices. Any
notice required or permitted under the terms of this Agreement shall be in writing and shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the U.S.
mail, as certified or registered mail, with postage prepaid, and addressed to the Company at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently
modified by written notice to the other party. 
 13.    Binding Effect. Subject to the limitations set
forth in this Agreement, this Agreement shall be binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

14.    Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall
be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

 Non-Employee Director Initial RSU Grant 

(For Grants Beginning Fiscal 2009 and Prior to November 2012) 

CISCO SYSTEMS, INC. 

STOCK UNIT AGREEMENT 
 This Stock
Unit Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by and between Cisco Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005
Stock Incentive Plan (the “Plan”). The material terms of this Stock Unit Award are as follows: 
  

					
	 Grantee:
	 	 	 	
			
	 Grant Date:
	 	 	 	
			
	 Grant Number:
	 	 	 	
			
	Restricted Stock Units:	 	 	 	
			
	 First Vest Date:
	 	 	 	(the date of completion of the first year of service as a member of the
		 	Board measured from the initial election or appointment date)

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning ascribed to them in
the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, the parties agree as follows: 

1.    Restricted Stock Units . Pursuant to the Plan, the Company hereby grants to you, and you hereby
accept from the Company, Restricted Stock Units, each of which is a bookkeeping entry representing the equivalent in value of one (1) Share, on the terms and conditions set forth herein and in the Plan. 

2.    Vesting of Restricted Stock Units . So long as your service on the Board continues, the
Restricted Stock Units shall vest in accordance with the following schedule: fifty percent (50%) of the total number of Restricted Stock Units granted pursuant to this Agreement shall vest on the First Vest Date and upon your completion of each
year of service as a member of the Board thereafter, unless otherwise provided by the Plan or Section 4 below. 

3.    Termination of Service . Except as provided in Section 4 below, in the event of the
termination of your Board service for any reason, all unvested Restricted Stock Units shall be immediately forfeited without consideration. 

4.    Special Acceleration . 

(a)    To the extent the Restricted Stock Units are outstanding at the time of a Corporate Transaction or a Change in
Control, such Restricted Stock Units shall automatically accelerate immediately prior to the effective date of the Corporate Transaction or the Change in Control, as the case may be, and shall become vested in full at that time. 

(b)    If your service on the Board ceases as a result of your death or Disability, to the extent the Restricted Stock
Units are outstanding, such Restricted Stock Units shall automatically accelerate and shall become vested in full at that time. 

(c)    This Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize or otherwise
change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

5.    Settlement of Restricted Stock Units . To the extent you have not elected to defer settlement
of the Restricted Stock Units, the Restricted Stock Units shall be automatically settled in Shares upon vesting of such Restricted Stock Units, provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless such
issuance complies with all applicable law. To the extent you have elected to defer settlement of the Restricted Stock Units, the vested portion of the Restricted Stock Units shall be settled in Shares upon your separation from service within the
meaning of Code Section 409A (“Separation from Service”), provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless such issuance complies with all applicable law. 

6.    Tax Advice . You represent, warrant and acknowledge that the Company has made no warranties or
representations to you with respect to the income tax consequences of the transactions contemplated by this Agreement, and you are in no manner relying on the Company or the Company’s representatives for an assessment of such tax consequences.
YOU UNDERSTAND THAT THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN TAX ADVISOR REGARDING ANY RESTRICTED STOCK UNITS. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF
AVOIDING TAXPAYER PENALTIES. 
 7.    Non-Transferability of
Restricted Stock Units . Restricted Stock Units shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation of law. 

 8.    Restriction on Transfer . Regardless of
whether the transfer or issuance of the Shares to be issued pursuant to the Restricted Stock Units has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose
additional restrictions upon the sale, pledge, or other transfer of the Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the
judgment of the Company and the Company’s counsel, such restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law. 

9.    Stock Certificate Restrictive Legends . Stock certificates evidencing the Shares issued
pursuant to the Restricted Stock Units may bear such restrictive legends as the Company and the Company’s counsel deem necessary under applicable law or pursuant to this Agreement. 

10.    Representations, Warranties, Covenants, and Acknowledgments . You hereby agree that in the
event the Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Shares issued pursuant to the Restricted Stock Units may be conditioned upon you making certain
representations, warranties, and acknowledgments relating to compliance with applicable securities laws. 

11.    Voting and Other Rights . Subject to the terms of this Agreement, you shall not have any
voting rights or any other rights and privileges of a shareholder of the Company unless and until the Restricted Stock Units are settled upon vesting. 

12.    Authorization to Release Necessary Personal Information . 

(a)    You hereby authorize and direct the Company to collect, use and transfer in electronic or other form, any personal
information (the “Data”) regarding your service, the nature and amount of your compensation and the facts and conditions of your participation in the Plan (including, but not limited to, your name, home address, telephone number, date of
birth, social security number (or any other social or national identification number), compensation, nationality, job title, number of Shares held and the details of all Awards or any other entitlement to Shares awarded, cancelled, exercised,
vested, unvested or outstanding) for the purpose of implementing, administering and managing your participation in the Plan. You understand that the Data may be transferred to the Company or any of its Subsidiaries, or to any third parties assisting
in the implementation, administration and management of the Plan, including any requisite transfer to a broker or other third party assisting with the administration of these Restricted Stock Units under the Plan or with whom Shares acquired
pursuant to these Restricted Stock Units or cash from the sale of such shares may be deposited. You acknowledge that recipients of the Data may be located in different countries, and those countries may have data privacy laws and protections
different from those in the country of your residence. Furthermore, you acknowledge and understand that the transfer of the Data to the Company or any of its Subsidiaries, or to any third parties is necessary for your participation in the Plan. 

(b)    Prior to the time that the Restricted Stock Units are settled upon vesting, you shall have no rights other than
those of a general creditor of the Company. The Restricted Stock Units represent an unfunded and unsecured obligation of the Company. 

(c)    You may at any time withdraw the consents herein by contacting the Company’s local human resources
representative in writing. You further acknowledge that withdrawal of consent may affect your ability to exercise or realize benefits from these Restricted Stock Units, and your ability to participate in the Plan. 

13.    No Entitlement or Claims for Compensation . 

(a)    Your rights, if any, in respect of or in connection with these Restricted Stock Units or any other Award are
derived solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. By accepting these Restricted Stock Units, you expressly acknowledge that there is no obligation on the
part of the Company to continue the Plan and/or grant any additional Awards to you. These Restricted Stock Units are not intended to be compensation of a continuing or recurring nature, or part of your normal or expected compensation, and in no way
represents any portion of a your compensation or other remuneration for purposes of pension benefits, severance, redundancy, resignation or any other purpose. 

(b)    Neither the Plan nor these Restricted Stock Units or any other Award granted under the Plan shall be deemed to give
you a right to continue to serve on the Board of the Company for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company or the Company’s shareholders, which rights are hereby expressly
reserved by each, to terminate your service on the Board at any time, for any reason, with or without cause, in accordance with the provisions of applicable law, the Company’s Articles of Incorporation and Bylaws. You shall be deemed
irrevocably to have waived any claim to damages or specific performance for breach of contract or dismissal, compensation for loss of office, tort or otherwise with respect to the Plan, these Restricted Stock Units or any outstanding Award that is
forfeited and/or is terminated by its terms or to any future Award. 
 (c)    You agree that your rights hereunder shall
be subject to set-off by the Company for any valid debts you owe the Company. 

14.    Governing Law . This Agreement shall be governed by and construed in accordance with the laws
of the State of California without regard to the conflict of laws principles thereof. 

15.    Notices . Any notice required or permitted under the terms of this Agreement shall be in
writing and shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the U.S. mail, as certified or registered mail, with postage prepaid, and addressed
to the Company at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently modified by written notice to the other party. 

16.    Binding Effect . Subject to the limitations set forth in this Agreement, this Agreement shall
be binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

17.    Severability . If any provision of this Agreement is held to be unenforceable for any reason,
it shall be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

 Non-Employee Director Annual RSU Grant 

(For Grants Effective on and after the Date of the 

Company’s 2015 Annual Meeting of Shareholders until One Day Prior to the Date of 

the 2016 Annual Meeting of Shareholders) 

CISCO SYSTEMS, INC. 

STOCK UNIT AGREEMENT 

This Stock Unit Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by and between Cisco
Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005 Stock Incentive Plan (the “Plan”). The material terms of this Stock Unit Award are as follows: 

 

			
	 Grantee:
	 	 
		
	 Grant Date:
	 	 
		
	 Grant Number:
	 	 
		
	 Restricted Stock Units:
	 	 
		
	 Vest Date:
	 	The completion of one (1) year of Board service measured from the Grant Date.

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning ascribed to them in
the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, the parties agree as follows: 

1.    Restricted Stock Units. Pursuant to the Plan, the Company hereby grants to you, and you hereby accept
from the Company, Restricted Stock Units, each of which is a bookkeeping entry representing the equivalent in value of one (1) Share, on the terms and conditions set forth herein and in the Plan. 

2.    Vesting of Restricted Stock Units. So long as your service on the Board continues, the Restricted
Stock Units shall vest in accordance with the following schedule: one-hundred percent (100%) of the total number of Restricted Stock Units granted pursuant to this Agreement shall vest on the Vest Date, unless
otherwise provided by the Plan or Section 4 below. 
 3.    Termination of Service. Except as
provided in Section 4 below, in the event of the termination of your Board service for any reason, all unvested Restricted Stock Units shall be immediately forfeited without consideration. 

4.    Special Acceleration. 

(a)    To the extent the Restricted Stock Units are outstanding at the time of a Corporate Transaction or a Change in
Control, such Restricted Stock Units shall automatically accelerate immediately prior to the effective date of the Corporate Transaction or the Change in Control, as the case may be, and shall become vested in full at that time. 

(b)    If your service on the Board ceases as a result of your death or Disability, to the extent the Restricted Stock
Units are outstanding, such Restricted Stock Units shall automatically accelerate and shall become vested in full at that time. 

(c)    This Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize or otherwise
change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

5.    Settlement of Restricted Stock Units. To the extent you have not elected to defer settlement of the
Restricted Stock Units, the Restricted Stock Units shall be automatically settled in Shares upon vesting of such Restricted Stock Units, provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless such
issuance complies with all applicable law. To the extent you have elected to defer settlement of the Restricted Stock Units, the vested portion of the Restricted Stock Units shall be settled in Shares upon your separation from service within the
meaning of Code Section 409A (“Separation from Service”), provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless such issuance complies with all applicable law. Prior to the time that the
Restricted Stock Units are settled, you shall have no rights other than those of a general creditor of the Company. The Restricted Stock Units represent an unfunded and unsecured obligation of the Company. 

6.    Tax Advice. You represent, warrant and acknowledge that the Company has made no warranties or
representations to you with respect to the income tax consequences of the transactions contemplated by this Agreement, and you are in no manner relying on the Company or the Company’s representatives for an assessment of such tax consequences.
YOU UNDERSTAND THAT THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN TAX ADVISOR REGARDING ANY RESTRICTED STOCK UNITS. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF
AVOIDING TAXPAYER PENALTIES. 

 7.    Non-Transferability
of Restricted Stock Units. Restricted Stock Units shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation of law.

 8.    Restriction on Transfer. Regardless of whether the transfer or issuance of the Shares to be
issued pursuant to the Restricted Stock Units has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose additional restrictions upon the sale, pledge, or other
transfer of the Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s counsel, such
restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law. 

9.    Stock Certificate Restrictive Legends. Stock certificates evidencing the Shares issued pursuant
to the Restricted Stock Units may bear such restrictive legends as the Company and the Company’s counsel deem necessary under applicable law or pursuant to this Agreement. 

10.    Representations, Warranties, Covenants, and Acknowledgments. You hereby agree that in the event the
Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Shares issued pursuant to the Restricted Stock Units may be conditioned upon you making certain
representations, warranties, and acknowledgments relating to compliance with applicable securities laws. 

11.    Voting, Dividend and Other Rights. Subject to the terms of this Agreement and except as set forth
below, you shall not have any voting rights or any other rights and privileges of a shareholder of the Company unless and until the Restricted Stock Units are settled in Shares. To the extent you have elected to defer settlement of Restricted Stock
Units with a Grant Date on or after the Company’s 2015 Annual Meeting of Shareholders, dividend equivalents shall accrue after the vesting of the Restricted Stock Units and will be subject to the same conditions and restrictions as the
Restricted Stock Units to which they attach as set forth in the Plan or this Agreement and will be settled in additional Shares upon your Separation from Service. 

12.    Authorization to Release Necessary Personal Information. 

(a)    You hereby authorize and direct the Company to collect, use and transfer in electronic or other form, any personal
information (the “Data”) regarding your service, the nature and amount of your compensation and the facts and conditions of your participation in the Plan (including, but not limited to, your name, home address, telephone number, date of
birth, social security number (or any other social or national identification number), compensation, nationality, job title, number of Shares held and the details of all Awards or any other entitlement to Shares awarded, cancelled, exercised,
vested, unvested or outstanding) for the purpose of implementing, administering and managing your participation in the Plan. You understand that the Data may be transferred to the Company or any of its Subsidiaries, or to any third parties assisting
in the implementation, administration and management of the Plan, including any requisite transfer to a broker or other third party assisting with the administration of these Restricted Stock Units under the Plan or with whom Shares acquired
pursuant to these Restricted Stock Units or cash from the sale of such shares may be deposited. You acknowledge that recipients of the Data may be located in different countries, and those countries may have data privacy laws and protections
different from those in the country of your residence. Furthermore, you acknowledge and understand that the transfer of the Data to the Company or any of its Subsidiaries, or to any third parties is necessary for your participation in the Plan. 

(b)    You may at any time withdraw the consents herein by contacting the Company’s local human resources
representative in writing. You further acknowledge that withdrawal of consent may affect your ability to exercise or realize benefits from these Restricted Stock Units and your ability to participate in the Plan. 

13.    No Entitlement or Claims for Compensation. 

(a)    Your rights, if any, in respect of or in connection with these Restricted Stock Units or any other Award are
derived solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. By accepting these Restricted Stock Units, you expressly acknowledge that there is no obligation on the
part of the Company to continue the Plan and/or grant any additional Awards to you. These Restricted Stock Units are not intended to be compensation of a continuing or recurring nature, or part of your normal or expected compensation, and in no way
represents any portion of your compensation or other remuneration for purposes of pension benefits, severance, redundancy, resignation or any other purpose. 

(b)    Neither the Plan nor these Restricted Stock Units or any other Award granted under the Plan shall be deemed to give
you a right to continue to serve on the Board of the Company for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company or the Company’s shareholders, which rights are hereby expressly
reserved by each, to terminate your service on the Board at any time, for any reason, with or without cause, in accordance with the provisions of applicable law, the Company’s Articles of Incorporation and Bylaws. You shall be
deemed irrevocably to have waived any claim to damages or specific performance for breach of contract or dismissal, compensation for loss of office, tort or otherwise with respect to the Plan, these Restricted Stock Units or any outstanding Award
that is forfeited and/or is terminated by its terms or to any future Award. 
 (c)    You agree that your rights
hereunder shall be subject to set-off by the Company for any valid debts you owe the Company. 

14.    Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the
State of California without regard to the conflict of laws principles thereof. 
 15.    Notices. Any
notice required or permitted under the terms of this Agreement shall be in writing and shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the U.S.
mail, as certified or registered mail, with postage prepaid, and addressed to the Company at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently
modified by written notice to the other party. 

 16.    Binding Effect. Subject to the limitations set
forth in this Agreement, this Agreement shall be binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

17.    Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall
be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

 NON-EMPLOYEE DIRECTOR ANNUAL RSU GRANT 

(For Grants Beginning Fiscal 2009 Through the Date that is 

One Day Prior to the Date of the Company’s 2015 Annual Meeting of Shareholders) 

CISCO SYSTEMS, INC. 

STOCK UNIT AGREEMENT 
 This Stock
Unit Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by and between Cisco Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005
Stock Incentive Plan (the “Plan”). The material terms of this Stock Unit Award are as follows: 
  

			
	 Grantee:
	 	 
		
	 Grant Date:
	 	 
		
	 Grant Number:
	 	 
		
	 Restricted Stock Units:
	 	 
		
	 Vest Date:
	 	The completion of one (1) year of Board service measured from the Grant Date.

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning ascribed to them in
the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, the parties agree as follows: 

1.    Restricted Stock Units. Pursuant to the Plan, the Company hereby grants to you, and you hereby
accept from the Company, Restricted Stock Units, each of which is a bookkeeping entry representing the equivalent in value of one (1) Share, on the terms and conditions set forth herein and in the Plan. 

2.    Vesting of Restricted Stock Units. So long as your service on the Board continues, the
Restricted Stock Units shall vest in accordance with the following schedule: one-hundred percent (100%) of the total number of Restricted Stock Units granted pursuant to this Agreement shall vest on the
Vest Date, unless otherwise provided by the Plan or Section 4 below. 
 3.    Termination of
Service. Except as provided in Section 4 below, in the event of the termination of your Board service for any reason, all unvested Restricted Stock Units shall be immediately forfeited without consideration. 

4.    Special Acceleration. 

(a)    To the extent the Restricted Stock Units are outstanding at the time of a Corporate Transaction or a Change in
Control, such Restricted Stock Units shall automatically accelerate immediately prior to the effective date of the Corporate Transaction or the Change in Control, as the case may be, and shall become vested in full at that time. 

(b)    If your service on the Board ceases as a result of your death or Disability, to the extent the Restricted Stock
Units are outstanding, such Restricted Stock Units shall automatically accelerate and shall become vested in full at that time. 

(c)    This Agreement shall not in any way affect the right of the Company to adjust, reclassify, reorganize or otherwise
change its capital or business structure or to merge, consolidate, dissolve, liquidate, sell or transfer all or any part of its business or assets. 

5.    Settlement of Restricted Stock Units. To the extent you have not elected to defer settlement of
the Restricted Stock Units, the Restricted Stock Units shall be automatically settled in Shares upon vesting of such Restricted Stock Units, provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless such
issuance complies with all applicable law. To the extent you have elected to defer settlement of the Restricted Stock Units, the vested portion of the Restricted Stock Units shall be settled in Shares upon your separation from service within the
meaning of Code Section 409A (“Separation from Service”), provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless such issuance complies with all applicable law. 

6.    Tax Advice. You represent, warrant and acknowledge that the Company has made no warranties or
representations to you with respect to the income tax consequences of the transactions contemplated by this Agreement, and you are in no manner relying on the Company or the Company’s representatives for an assessment of such tax consequences.
YOU UNDERSTAND THAT THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN TAX ADVISOR REGARDING ANY RESTRICTED STOCK UNITS. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF
AVOIDING TAXPAYER PENALTIES. 
 7.    Non-Transferability of
Restricted Stock Units. Restricted Stock Units shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation of law. 

 8.    Restriction on Transfer. Regardless of
whether the transfer or issuance of the Shares to be issued pursuant to the Restricted Stock Units has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose
additional restrictions upon the sale, pledge, or other transfer of the Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the
judgment of the Company and the Company’s counsel, such restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law. 

9.    Stock Certificate Restrictive Legends. Stock certificates evidencing the Shares issued pursuant
to the Restricted Stock Units may bear such restrictive legends as the Company and the Company’s counsel deem necessary under applicable law or pursuant to this Agreement. 

10.    Representations, Warranties, Covenants, and Acknowledgments. You hereby agree that in the
event the Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Shares issued pursuant to the Restricted Stock Units may be conditioned upon you making certain
representations, warranties, and acknowledgments relating to compliance with applicable securities laws. 

11.    Voting and Other Rights. Subject to the terms of this Agreement, you shall not have any voting
rights or any other rights and privileges of a shareholder of the Company unless and until the Restricted Stock Units are settled upon vesting. 

12.    Authorization to Release Necessary Personal Information. 

(a)    You hereby authorize and direct the Company to collect, use and transfer in electronic or other form, any personal
information (the “Data”) regarding your service, the nature and amount of your compensation and the facts and conditions of your participation in the Plan (including, but not limited to, your name, home address, telephone number, date of
birth, social security number (or any other social or national identification number), compensation, nationality, job title, number of Shares held and the details of all Awards or any other entitlement to Shares awarded, cancelled, exercised,
vested, unvested or outstanding) for the purpose of implementing, administering and managing your participation in the Plan. You understand that the Data may be transferred to the Company or any of its Subsidiaries, or to any third parties assisting
in the implementation, administration and management of the Plan, including any requisite transfer to a broker or other third party assisting with the administration of these Restricted Stock Units under the Plan or with whom Shares acquired
pursuant to these Restricted Stock Units or cash from the sale of such shares may be deposited. You acknowledge that recipients of the Data may be located in different countries, and those countries may have data privacy laws and protections
different from those in the country of your residence. Furthermore, you acknowledge and understand that the transfer of the Data to the Company or any of its Subsidiaries, or to any third parties is necessary for your participation in the Plan. 

(b)    Prior to the time that the Restricted Stock Units are settled upon vesting, you shall have no rights other than
those of a general creditor of the Company. The Restricted Stock Units represent an unfunded and unsecured obligation of the Company. 

(c)    You may at any time withdraw the consents herein by contacting the Company’s local human resources
representative in writing. You further acknowledge that withdrawal of consent may affect your ability to exercise or realize benefits from these Restricted Stock Units, and your ability to participate in the Plan. 

13.    No Entitlement or Claims for Compensation. 

(a)    Your rights, if any, in respect of or in connection with these Restricted Stock Units or any other Award are
derived solely from the discretionary decision of the Company to permit you to participate in the Plan and to benefit from a discretionary Award. By accepting these Restricted Stock Units, you expressly acknowledge that there is no obligation on the
part of the Company to continue the Plan and/or grant any additional Awards to you. These Restricted Stock Units are not intended to be compensation of a continuing or recurring nature, or part of your normal or expected compensation, and in no way
represents any portion of a your compensation or other remuneration for purposes of pension benefits, severance, redundancy, resignation or any other purpose. 

(b)    Neither the Plan nor these Restricted Stock Units or any other Award granted under the Plan shall be deemed to give
you a right to continue to serve on the Board of the Company for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company or the Company’s shareholders, which rights are hereby expressly
reserved by each, to terminate your service on the Board at any time, for any reason, with or without cause, in accordance with the provisions of applicable law, the Company’s Articles of Incorporation and Bylaws. You shall be deemed
irrevocably to have waived any claim to damages or specific performance for breach of contract or dismissal, compensation for loss of office, tort or otherwise with respect to the Plan, these Restricted Stock Units or any outstanding Award that is
forfeited and/or is terminated by its terms or to any future Award. 
 (c)    You agree that your rights hereunder shall
be subject to set-off by the Company for any valid debts you owe the Company. 

14.    Governing Law. This Agreement shall be governed by and construed in accordance with the laws
of the State of California without regard to the conflict of laws principles thereof. 

15.    Notices. Any notice required or permitted under the terms of this Agreement shall be in
writing and shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the U.S. mail, as certified or registered mail, with postage prepaid, and addressed
to the Company at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently modified by written notice to the other party. 

16.    Binding Effect. Subject to the limitations set forth in this Agreement, this Agreement shall
be binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

17.    Severability. If any provision of this Agreement is held to be unenforceable for any reason,
it shall be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

 NON-EMPLOYEE DIRECTOR STOCK UNIT 

IN LIEU OF ANNUAL RETAINER 

(For Grants Effective on and after the Date of the 

Company’s 2015 Annual Meeting of Shareholders and Prior to the 

2016 Annual Meeting of Shareholders) 

CISCO SYSTEMS, INC. 

STOCK UNIT AGREEMENT 

This Stock Unit Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by and between Cisco
Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005 Stock Incentive Plan (the “Plan”). The material terms of this Stock Unit Award are as follows: 

 

			
	Grantee:	 	 
		
	 Grant Date:
	 	 
		
	 Grant Number:
	 	 
		
	 Restricted Stock Units:
	 	 

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning
ascribed to them in the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, the parties agree as follows: 

1.    Restricted Stock Units. Pursuant to the Plan, the Company hereby grants to you, and you hereby accept
from the Company, Restricted Stock Units, each of which is a bookkeeping entry representing the equivalent in value of one (1) Share, on the terms and conditions set forth herein and in the Plan. 

2.    Vesting of Restricted Stock Units. One-hundred percent (100%)
of the total number of Restricted Stock Units granted pursuant to this Agreement shall vest on the Grant Date. 

3.    Settlement of Restricted Stock Units. Restricted Stock Units shall be automatically settled in Shares
upon your separation from service within the meaning of Code Section 409A (“Separation from Service”), provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless and until such issuance
complies with all applicable law. Prior to the time that the Restricted Stock Units are settled in Shares upon your Separation from Service, you shall have no rights other than those of a general creditor of the Company. The Restricted Stock Units
represent an unfunded and unsecured obligation of the Company. 
 4.    Tax Advice. You represent, warrant
and acknowledge that the Company has made no warranties or representations to you with respect to the income tax consequences of the transactions contemplated by this Agreement, and you are in no manner relying on the Company or the Company’s
representatives for an assessment of such tax consequences. YOU UNDERSTAND THAT THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN TAX ADVISOR REGARDING ANY RESTRICTED STOCK UNITS. NOTHING STATED HEREIN IS INTENDED OR
WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER PENALTIES. 
 5.    Non-Transferability of Restricted Stock Units. Restricted Stock Units shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether
voluntarily or involuntarily or by operation of law. 
 6.    Restriction on Transfer. Regardless of
whether the transfer or issuance of the Shares to be issued pursuant to the Restricted Stock Units has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose
additional restrictions upon the sale, pledge, or other transfer of the Shares (including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the
judgment of the Company and the Company’s counsel, such restrictions are necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law. 

7.    Stock Certificate Restrictive Legends. Stock certificates evidencing the Shares issued pursuant
to the Restricted Stock Units may bear such restrictive legends as the Company and the Company’s counsel deem necessary under applicable law or pursuant to this Agreement. 

8.    Representations, Warranties, Covenants, and Acknowledgments. You hereby agree that in the event the
Company and the Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Shares issued pursuant to the Restricted Stock Units may be conditioned upon you making certain
representations, warranties, and acknowledgments relating to compliance with applicable securities laws. 

 9.    Voting, Dividend and Other Rights. Subject to the
terms of this Agreement and except as set forth below, you shall not have any voting rights or any other rights and privileges of a shareholder of the Company unless and until the Restricted Stock Units are settled upon your Separation from Service.
Dividend equivalents shall accrue and will be subject to the same conditions and restrictions as the Restricted Stock Units to which they attach as set forth in the Plan or this Agreement and will be settled in additional Shares upon your Separation
from Service. 
 10.    Authorization to Release Necessary Personal Information. 

(a)    You hereby authorize and direct the Company to collect, use and transfer in electronic or other form, any personal
information (the “Data”) regarding your service, the nature and amount of your compensation and the facts and conditions of your participation in the Plan (including, but not limited to, your name, home address, telephone number, date of
birth, social security number (or any other social or national identification number), compensation, nationality, job title, number of Shares held and the details of all Awards or any other entitlement to Shares awarded, cancelled, exercised,
vested, unvested or outstanding) for the purpose of implementing, administering and managing your participation in the Plan. You understand that the Data may be transferred to the Company or any of its Subsidiaries, or to any third parties assisting
in the implementation, administration and management of the Plan, including any requisite transfer to a broker or other third party assisting with the administration of these Restricted Stock Units under the Plan or with whom Shares acquired
pursuant to these Restricted Stock Units or cash from the sale of such shares may be deposited. You acknowledge that recipients of the Data may be located in different countries, and those countries may have data privacy laws and protections
different from those in the country of your residence. Furthermore, you acknowledge and understand that the transfer of the Data to the Company or any of its Subsidiaries, or to any third parties is necessary for your participation in the Plan. 

(b)    You may at any time withdraw the consents herein by contacting the Company’s local human resources
representative in writing. You further acknowledge that withdrawal of consent may affect your ability to exercise or realize benefits from these Restricted Stock Units and your ability to participate in the Plan. 

11.    Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the
State of California without regard to the conflict of laws principles thereof. 
 12.    Notices. Any
notice required or permitted under the terms of this Agreement shall be in writing and shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the U.S.
mail, as certified or registered mail, with postage prepaid, and addressed to the Company at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently
modified by written notice to the other party. 
 13.    Binding Effect. Subject to the limitations set
forth in this Agreement, this Agreement shall be binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

14.    Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall
be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

 NON-EMPLOYEE DIRECTOR STOCK UNIT 

IN LIEU OF ANNUAL RETAINER 

(For Grants Effective Prior to the Date of the 

Company’s 2015 Annual Meeting of Shareholders) 

CISCO SYSTEMS, INC. 

STOCK UNIT AGREEMENT 

This Stock Unit Agreement (the “Agreement”) is made and entered into as of the Grant Date (as defined below) by and between Cisco
Systems, Inc., a California corporation (the “Company”), and you pursuant to the Cisco Systems, Inc. 2005 Stock Incentive Plan (the “Plan”). The material terms of this Stock Unit Award are as follows: 

 

			
	Grantee:	 	 
		
	 Grant Date:
	 	 
		
	 Grant Number:
	 	 
		
	 Restricted Stock Units:
	 	 

 To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning
ascribed to them in the Plan. In the event of a conflict between the terms and provisions of the Plan and the terms and provisions of this Agreement, the Plan terms and provisions shall prevail. 

In consideration of the mutual agreements herein contained and intending to be legally bound hereby, the parties agree as follows: 

1. Restricted Stock Units. Pursuant to the Plan, the Company hereby grants to you, and you hereby accept from the
Company, Restricted Stock Units, each of which is a bookkeeping entry representing the equivalent in value of one (1) Share, on the terms and conditions set forth herein and in the Plan. 

2. Vesting of Restricted Stock Units. One-hundred percent (100%) of the total
number of Restricted Stock Units granted pursuant to this Agreement shall vest on the Grant Date. 
 3. Settlement of
Restricted Stock Units. Restricted Stock Units shall be automatically settled in Shares upon your separation from service within the meaning of Code Section 409A (“Separation from Service”), provided that the Company shall
have no obligation to issue Shares pursuant to this Agreement unless and until you have satisfied any applicable tax withholding obligations and such issuance otherwise complies with all applicable law. 

4. Tax Advice. You represent, warrant and acknowledge that the Company has made no warranties or representations to you
with respect to the income tax consequences of the transactions contemplated by this Agreement, and you are in no manner relying on the Company or the Company’s representatives for an assessment of such tax consequences. YOU UNDERSTAND THAT THE
TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. YOU SHOULD CONSULT YOUR OWN TAX ADVISOR REGARDING ANY RESTRICTED STOCK UNITS. NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER
PENALTIES. 
 5. Non-Transferability of Restricted Stock Units. Restricted
Stock Units shall not be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation of law. However, this Section 5 shall not preclude
you from designating a beneficiary who will receive vested Shares pursuant to this award in the event of your death, nor shall it preclude a transfer of vested Shares pursuant to this award by will or by the laws of descent and distribution. 

6. Restriction on Transfer. Regardless of whether the transfer or issuance of the Shares to be issued pursuant to the
Restricted Stock Units has been registered under the Securities Act or has been registered or qualified under the securities laws of any state, the Company may impose additional restrictions upon the sale, pledge, or other transfer of the Shares
(including the placement of appropriate legends on stock certificates and the issuance of stop-transfer instructions to the Company’s transfer agent) if, in the judgment of the Company and the Company’s counsel, such restrictions are
necessary in order to achieve compliance with the provisions of the Securities Act, the securities laws of any state, or any other law. 

7. Stock Certificate Restrictive Legends. Stock certificates evidencing the Shares issued pursuant to the Restricted
Stock Units may bear such restrictive legends as the Company and the Company’s counsel deem necessary under applicable law or pursuant to this Agreement. 

8. Representations, Warranties, Covenants, and Acknowledgments. You hereby agree that in the event the Company and the
Company’s counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the Shares issued pursuant to the Restricted Stock Units may be conditioned upon you making certain representations, warranties,
and acknowledgments relating to compliance with applicable securities laws. 
 9. Voting and Other Rights. Subject to
the terms of this Agreement, you shall not have any voting rights or any other rights and privileges of a shareholder of the Company unless and until the Restricted Stock Units are settled in Shares upon your Separation from Service. 

 10. Authorization to Release Necessary Personal Information. 

(a) You hereby authorize and direct the Company to collect, use and transfer in electronic or other form, any personal information (the
“Data”) regarding your service, the nature and amount of your compensation and the facts and conditions of your participation in the Plan (including, but not limited to, your name, home address, telephone number, date of birth, social
security number (or any other social or national identification number), compensation, nationality, job title, number of Shares held and the details of all Awards or any other entitlement to Shares awarded, cancelled, exercised, vested, unvested or
outstanding) for the purpose of implementing, administering and managing your participation in the Plan. You understand that the Data may be transferred to the Company or any of its Subsidiaries, or to any third parties assisting in the
implementation, administration and management of the Plan, including any requisite transfer to a broker or other third party assisting with the administration of these Restricted Stock Units under the Plan or with whom Shares acquired pursuant to
these Restricted Stock Units or cash from the sale of such shares may be deposited. You acknowledge that recipients of the Data may be located in different countries, and those countries may have data privacy laws and protections different from
those in the country of your residence. Furthermore, you acknowledge and understand that the transfer of the Data to the Company or any of its Subsidiaries, or to any third parties is necessary for your participation in the Plan. 

(b) Prior to the time that the Restricted Stock Units are settled in Shares upon your Separation from Service, you shall have no rights other
than those of a general creditor of the Company. The Restricted Stock Units represent an unfunded and unsecured obligation of the Company. 

(c) You may at any time withdraw the consents herein by contacting the Company’s local human resources representative in writing. You
further acknowledge that withdrawal of consent may affect your ability to exercise or realize benefits from these Restricted Stock Units, and your ability to participate in the Plan. 

11. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of
California without regard to the conflict of laws principles thereof. 
 12. Notices. Any notice required or permitted
under the terms of this Agreement shall be in writing and shall be deemed sufficient when delivered personally or sent by confirmed email, telegram, or fax or forty-eight (48) hours after being deposited in the U.S. mail, as certified or
registered mail, with postage prepaid, and addressed to the Company at the Company’s principal corporate offices or to you at the address maintained for you in the Company’s records or, in either case, as subsequently modified by written
notice to the other party. 
 13. Binding Effect. Subject to the limitations set forth in this Agreement, this
Agreement shall be binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors, and assigns of the parties hereto. 

14. Severability. If any provision of this Agreement is held to be unenforceable for any reason, it shall be adjusted
rather than voided, if possible, in order to achieve the intent of the parties to the extent possible. In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible. 

 

			
	DATED:	 	 
	
	 CISCO SYSTEMS, INC.

		
	 By:
	 	 
	 Title:
	 	 
	 	 	 
	GRANTEE	 	

 (Effective For Elections for Compensation 

Made On And After The Date of The Company’s 

2021 Annual Meeting of Shareholders) 

NON-EMPLOYEE DIRECTOR ELECTIONS 

INITIAL ANNUAL RETAINER, COMMITTEE RETAINERS/FEES, 

OTHER CASH FEES & EQUITY GRANT 

INITIAL ANNUAL RETAINER, COMMITTEE RETAINERS/FEES AND OTHER CASH FEES 

The alternatives for the fiscal                  initial annual
retainer, committee retainers/fees and other cash fees for non-employee members of the Board of Directors of Cisco Systems, Inc. (the “Company”) are: 

 

	 	•	 	 a non-deferred cash payment (default option), 

 

	 	•	 	 a deferred cash payment under the Company’s Deferred Compensation Plan (the “DCP”),

  

	 	•	 	 a vested stock grant under the 2005 Stock Incentive Plan (the “Plan”), and/or

  

	 	•	 	 a vested deferred stock unit (“DSU”) grant under the Plan. 

If you make no elections below, you will receive your full initial annual retainer, committee retainers/fees and other cash fees in non-deferred cash. 
 INITIAL ANNUAL RETAINER 

I, being a prospective newly elected or appointed non-employee member of the Board of Directors of the Company, hereby
make the below election with respect to my initial annual retainer for the first year (or partial year) of Board service commencing on the date of my election or appointment as a non-employee member of the
Board of Directors of the Company. 
  

					
	Alternative	 	Election	  	Election under the DCP
Separation from Service
	 	 	 
	
Non-Deferred Cash

(default option)
	 	☐	  	N/A
	 	 	 
	Deferred Cash under the Deferred Compensation Plan	 	☐	  	 I elect to receive my DCP account balance (choose
one of the options below):
  
 ☐ as soon as practicable after my “Separation
from Service,” but no later than 30 days after my Separation from Service.
  

☐ as soon as practicable in the calendar year following the calendar year of my “Separation from Service,” but no later than January
31.

	 	 	 
	Vested Stock Grant	 	☐	  	N/A
	 	 	 
	Vested DSU Grant	 	☐	  	N/A

 COMMITTEE RETAINERS/FEES AND OTHER CASH FEES 

I, being a prospective newly elected or appointed non-employee member of the Board of Directors of the Company, hereby
make the below election with respect to my committee retainers/fees and other cash fees (such as for serving as Lead Independent Director) for the first year (or partial year) of Board service commencing on the date of my election or appointment as
a non-employee member of the Board of Directors of the Company. 
  

					
	Alternative	 	Election	  	Election under the DCP
Separation from Service
	 	 	 
	
Non-Deferred Cash

(default option)
	 	☐	  	N/A
	 	 	 
	Deferred Cash under the Deferred Compensation Plan	 	☐	  	 I elect to receive my DCP account balance (choose
one of the options below):
  
 ☐ as soon as practicable after my “Separation
from Service,” but no later than 30 days after my Separation from Service.
  

☐ as soon as practicable in the calendar year following the calendar year of my “Separation from Service,” but no later than January
31.

	 	 	 
	Vested Stock Grant	 	☐	  	N/A
	 	 	 
	Vested DSU Grant	 	☐	  	N/A

 I understand the following: 
  

	 	•	 	 If I elect to receive deferred cash under the DCP: 

 

	 	•	 	 I authorize the Company to share my personal information with the third-party DCP administrator so that the DCP
administrator can begin the enrollment process in order for me to make investment and beneficiary elections pursuant to the terms of the DCP. 

  

	 	•	 	 I will receive my DCP account balance in a cash lump sum, taxable as ordinary income, pursuant to my election
above. If I make no election, I will receive my DCP account balance as soon as practicable after my “Separation from Service” within the meaning under Section 409A of the Internal Revenue Code, which generally will be the date my
service as a member of the Board of Directors of the Company terminates; provided however, such payment date will be no later than 30 days after my Separation from Service. 

 

	 	•	 	 If I elect to receive a vested stock grant, the shares will be granted on the date of my election or
appointment as a non-employee member of the Board of Directors of the Company based on the closing value of the Company’s common stock on such date (the “Fair Market Value”), the shares will be
taxed as ordinary income to me based on the Fair Market Value, and I will receive the shares as soon as practicable after that date. 

  

	 	•	 	 If I elect to receive a vested DSU grant: 

 

	 	•	 	 The DSU grant will be granted on the date of my election or appointment as a
non-employee member of the Board of Directors of the Company based on the Fair Market Value. 

  

	 	•	 	 The DSU grant will be settled in shares of the Company’s common stock on, or as soon as practicable after,
my Separation from Service; provided however, such settlement shall occur no later than 30 days after my Separation from Service. 

  

	 	•	 	 Dividend equivalents will accrue on the DSU grant and will be credited as additional DSUs to be settled in
additional shares of the Company’s common stock on, or as soon as practicable after, my Separation from Service; provided however, such settlement shall occur no later than 30 days after my Separation from Service. 

	 	•	 	 Receipt of shares of the Company’s common stock pursuant to the DSU grant will be taxed as ordinary income
to me based on the value of the shares on the date the DSU grant is settled and I receive shares of the Company’s common stock. 

[INITIAL EQUITY GRANT ELECTION ON NEXT PAGE] 

 INITIAL EQUITY GRANT 

I further (check one) (i) ☐ ELECT or (ii) ☐ DO NOT ELECT to defer the issuance of my initial stock grant of fully vested shares of
stock anticipated to be granted under the 2005 Stock Incentive Plan (the “Plan”) on the date of my election or appointment in connection with my initial election or appointment as a non-employee
member of the Board of Directors of the Company for the year of Board service commencing on such date. 
 I understand the following: 

 

	 	•	 	 If I do not elect to defer the issuance of my initial stock grant, the shares will be granted on the date of my
election or appointment as a non-employee member of the Board of Directors of the Company based on the closing value of the Company’s common stock on such date (the “Fair Market Value”), the
shares will be taxed as ordinary income to me based on the Fair Market Value, and I will receive the shares as soon as practicable after that date. 

  

	 	•	 	 If I elect to defer the issuance of my initial stock grant: 

 

	 	•	 	 The grant will not be issued in shares of the Company’s common stock as set forth above, but instead will be
granted as a fully vested deferred stock unit (“DSU”) on the date of my election or appointment as a non-employee member of the Board of Directors of the Company based on the Fair Market Value.

  

	 	•	 	 The DSU grant will be settled in shares of the Company’s common stock on, or as soon as practicable after,
my “Separation from Service” within the meaning under Section 409A of the Internal Revenue Code; provided however, such settlement shall occur no later than 30 days after my Separation from Service. 

 

	 	•	 	 Dividend equivalents will accrue on the DSU grant and will be credited as additional DSUs to be settled in
additional shares of the Company’s common stock on, or as soon as practicable after, my Separation from Service; provided however, such settlement shall occur no later than 30 days after my Separation from Service. 

 

	 	•	 	 Receipt of shares of the Company’s common stock pursuant to the DSU grant will be taxed as ordinary income
to me based on the value of the shares on the date the DSU grant is settled and I receive shares of the Company’s common stock. 

* * * * * 
 I understand that these elections
will be effective only if received by the Company’s Legal Department on or before the date of my election or appointment. 
  

							
	 Signature of
Non-Employee Director
	 	
                
	  	 Date
	  	

 * Because individual circumstances vary, Cisco Systems, Inc. cannot provide tax advice and you should consult with your own
tax advisor regarding the income tax consequences of your potential elections. 

 (Effective For Elections for Compensation 

Made On And After The Date of The Company’s 

2021 Annual Meeting of Shareholders) 

NON-EMPLOYEE DIRECTOR ELECTIONS 

ANNUAL RETAINER, COMMITTEE RETAINERS/FEES, OTHER CASH FEES & EQUITY GRANT 

ANNUAL RETAINER, COMMITTEE RETAINERS/FEES AND OTHER CASH FEES 

The alternatives for the fiscal                  annual retainer
(anticipated to be $80,000), committee retainers/fees and other cash fees for non-employee members of the Board of Directors of Cisco Systems, Inc. (the “Company”) are: 

 

	 	•	 	 a non-deferred cash payment (default option), 

 

	 	•	 	 a deferred cash payment under the Company’s Deferred Compensation Plan (the “DCP”),

  

	 	•	 	 a vested stock grant under the 2005 Stock Incentive Plan (the “Plan”), and/or

  

	 	•	 	 a vested deferred stock unit (“DSU”) grant under the Plan. 

If you make no elections below, you will receive your full annual retainer, committee retainers/fees and other cash fees in
non-deferred cash. 
 ANNUAL RETAINER 

I, being a non-employee member of the Board of Directors of the Company, hereby make the below election with respect to
my annual retainer for the next year of Board service commencing at the next Annual Meeting of Shareholders: 
  

					
	Alternative	 	Election	  	Election under the DCP
Separation from Service
	 	 	 
	
Non-Deferred Cash

(default option)
	 	☐	  	N/A
	 	 	 
	Deferred Cash under the Deferred Compensation Plan	 	☐	  	 I elect to receive my DCP account balance (choose
one of the options below):
  
 ☐ as soon as practicable after my “Separation
from Service,” but no later than 30 days after my Separation from Service.
  

☐ as soon as practicable in the calendar year following the calendar year of my “Separation from Service,” but no later than January
31.

	 	 	 
	Vested Stock Grant	 	☐	  	N/A
	 	 	 
	Vested DSU Grant	 	☐	  	N/A

 COMMITTEE RETAINERS/FEES AND OTHER CASH FEES 

I, being a non-employee member of the Board of Directors of the Company, hereby make the below election with respect to
my committee retainers/fees and other cash fees (such as for serving as Lead Independent Director) for the next year of Board service commencing at the next Annual Meeting of Shareholders: 

 

					
	Alternative	 	Election	  	Election under the DCP
Separation from Service
	 	 	 
	
Non-Deferred Cash

(default option)
	 	☐	  	N/A
	 	 	 
	Deferred Cash under the Deferred Compensation Plan	 	☐	  	 I elect to receive my DCP account balance (choose
one of the options below):
  
 ☐ as soon as practicable after my “Separation
from Service,” but no later than 30 days after my Separation from Service.
  

☐ as soon as practicable in the calendar year following the calendar year of my “Separation from Service,” but no later than January
31.

	 	 	 
	Vested Stock Grant	 	☐	  	N/A
	 	 	 
	Vested DSU Grant	 	☐	  	N/A

 I understand the following: 
  

	 	•	 	 If I elect to receive deferred cash under the DCP: 

	 	•	 	 I authorize the Company to share my personal information with the third-party DCP administrator so that the DCP
administrator can begin the enrollment process in order for me to make investment and beneficiary elections pursuant to the terms of the DCP. 

  

	 	•	 	 I will receive my DCP account balance in a cash lump sum, taxable as ordinary income, pursuant to my election
above. If I make no election, I will receive my DCP account balance as soon as practicable after my “Separation from Service” within the meaning under Section 409A of the Internal Revenue Code, which generally will be the date my
service as a member of the Board of Directors of the Company terminates; provided however, such payment date will be no later than 30 days after my Separation from Service. 

 

	 	•	 	 If I elect to receive a vested stock grant, the shares will be granted on the date of the Annual Meeting
of Shareholders based on the closing value of the Company’s common stock on such date (the “Fair Market Value”), the shares will be taxed as ordinary income to me based on the Fair Market Value, and I will receive the shares as soon
as practicable after that date. 

  

	 	•	 	 If I elect to receive a vested DSU grant: 

 

	 	•	 	 The DSU grant will be granted on the date of the Annual Meeting of Shareholders based on the Fair Market Value.

  

	 	•	 	 The DSU grant will be settled in shares of the Company’s common stock on, or as soon as practicable after,
my Separation from Service; provided however, such settlement shall occur no later than 30 days after my Separation from Service. 

  

	 	•	 	 Dividend equivalents will accrue on the DSU grant and will be credited as additional DSUs to be settled in
additional shares of the Company’s common stock on, or as soon as practicable after, my Separation from Service; provided however, such settlement shall occur no later than 30 days after my Separation from Service. 

	 	•	 	 Receipt of shares of the Company’s common stock pursuant to the DSU grant will be taxed as ordinary income
to me based on the value of the shares on the date the DSU grant is settled and I receive shares of the Company’s common stock. 

[ANNUAL EQUITY GRANT ELECTION ON NEXT PAGE] 

 ANNUAL EQUITY GRANT 

I further (check one) (i) ☐ ELECT or (ii) ☐ DO NOT ELECT to defer the issuance of my annual stock grant of fully vested shares of
stock anticipated to be granted under the 2005 Stock Incentive Plan (the “Plan”) on the date of the next Annual Meeting of Shareholders for the year of Board service commencing at the next Annual Meeting of Shareholders. 

I understand the following: 
  

	 	•	 	 If I do not elect to defer the issuance of my annual stock grant, the shares will be granted on the date of the
Annual Meeting of Shareholders based on the closing value of the Company’s common stock on such date (the “Fair Market Value”), the shares will be taxed as ordinary income to me based on the Fair Market Value, and I will receive the
shares as soon as practicable after that date. 

  

	 	•	 	 If I elect to defer the issuance of my annual stock grant: 

 

	 	•	 	 The grant will not be issued in shares of the Company’s common stock as set forth above, but instead will be
granted as a fully vested deferred stock unit (“DSU”) on the date of the Annual Meeting of Shareholders based on the Fair Market Value. 

  

	 	•	 	 The DSU grant will be settled in shares of the Company’s common stock on, or as soon as practicable after,
my “Separation from Service” within the meaning under Section 409A of the Internal Revenue Code; provided however, such settlement shall occur no later than 30 days after my Separation from Service. 

 

	 	•	 	 Dividend equivalents will accrue on the DSU grant and will be credited as additional DSUs to be settled in
additional shares of the Company’s common stock on, or as soon as practicable after, my Separation from Service; provided however, such settlement shall occur no later than 30 days after my Separation from Service. 

 

	 	•	 	 Receipt of shares of the Company’s common stock pursuant to the DSU grant will be taxed as ordinary income
to me based on the value of the shares on the date the DSU grant is settled and I receive shares of the Company’s common stock. 

* * * * * 
 I understand that these elections
will be effective only if received by _______________ on or before [December 31, [PRECEDING YEAR]. 
  

							
	 Signature of
Non-Employee Director
	 	
                
	  	 Date
	  	

 * Because individual circumstances vary, Cisco Systems, Inc. cannot provide tax advice and you should consult with your own
tax advisor regarding the income tax consequences of your potential elections. 

 (Effective December 2016 until prior to 

the Company’s 2021 Annual Meeting of Shareholders) 

NON-EMPLOYEE DIRECTOR ELECTIONS 

INITIAL ANNUAL RETAINER & EQUITY GRANT 

INITIAL ANNUAL RETAINER 
 The alternatives for the
fiscal ________ initial annual retainer for non-employee members of the Board of Directors of Cisco Systems, Inc. (the “Company”) are: 

 

	 	•	 	 a non-deferred cash payment (default option), 

 

	 	•	 	 a deferred cash payment under the Company’s Deferred Compensation Plan (the “DCP”),

  

	 	•	 	 a vested stock grant under the 2005 Stock Incentive Plan (the “Plan”), and/or 

 

	 	•	 	 a vested deferred stock unit (“DSU”) grant under the Plan. 

If you make no elections below, you will receive your full initial annual retainer in non-deferred cash.

 I, being a prospective newly elected or appointed non-employee member of the Board of Directors of the
Company, hereby make the below elections with respect to my initial annual retainer for the first year (or partial year) of Board service commencing on the date of my election or appointment as a non-employee
member of the Board of Directors of the Company. (The Election Amount must total 100%.) 
  

					
	Alternative	  	Election Amount
(0% to 100%, in
increments of 25%)	  	Election under the DCP
Separation from Service
	 	 	 
	
Non-Deferred Cash

(default option)
	  	 %

(e.g. 0%, 25%, 50%, 75% or 100%)
	  	N/A
	 	 	 
	Deferred Cash under the Deferred Compensation Plan	  	%	  	 I elect to receive my DCP account balance (choose
one of the options below):
  
 ☐ as soon as practicable after my “Separation
from Service,” but no later than 30 days after my Separation from Service.
  

☐ as soon as practicable in the calendar year following the calendar year of my “Separation from Service,” but no later than January
31.

	 	 	 
	Vested Stock Grant	  	%	  	N/A
	 	 	 
	Vested DSU Grant	  	%	  	N/A
	TOTAL	  	100%	  	  

 I understand the following: 
  

	 	•	 	 If I elect to receive deferred cash under the DCP: 

 

	 	•	 	 I authorize the Company to share my personal information with the third-party DCP administrator so that the DCP
administrator can begin the enrollment process in order for me to make investment and beneficiary elections pursuant to the terms of the DCP. 

  

	 	•	 	 I will receive my DCP account balance in a cash lump sum, taxable as ordinary income, pursuant to my election
above. If I make no election, I will receive my DCP account balance as soon as practicable after my “Separation from Service” within the meaning under Section 409A of the Internal Revenue Code, which generally will be the date my
service as a member of the Board of Directors of the Company terminates; provided however, such payment date will be no later than 30 days after my Separation from Service. 

 

	 	•	 	 If I elect to receive a vested stock grant, the shares will be granted on the date of my election or
appointment as a non-employee member of the Board of Directors of the Company based on the closing value of the Company’s common stock on such date (the “Fair Market Value”), the shares will be
taxed as ordinary income to me based on the Fair Market Value, and I will receive the shares as soon as practicable after that date. 

  

	 	•	 	 If I elect to receive a vested DSU grant: 

 

	 	•	 	 The DSU grant will be granted on the date of my election or appointment as a
non-employee member of the Board of Directors of the Company based on the Fair Market Value. 

  

	 	•	 	 The DSU grant will be settled in shares of the Company’s common stock on, or as soon as practicable after,
my Separation from Service; provided however, such settlement shall occur no later than 30 days after my Separation from Service. 

  

	 	•	 	 Dividend equivalents will accrue on the DSU grant and will be credited as additional DSUs to be settled in
additional shares of the Company’s common stock on, or as soon as practicable after, my Separation from Service; provided however, such settlement shall occur no later than 30 days after my Separation from Service. 

 

	 	•	 	 Receipt of shares of the Company’s common stock pursuant to the DSU grant will be taxed as ordinary income
to me based on the value of the shares on the date the DSU grant is settled and I receive shares of the Company’s common stock. 

[INITIAL EQUITY GRANT ELECTION ON NEXT PAGE] 

 INITIAL EQUITY GRANT 

I further (check one) (i) ☐ ELECT or (ii) ☐ DO NOT ELECT to defer the issuance of my initial stock grant of fully vested shares of
stock anticipated to be granted under the 2005 Stock Incentive Plan (the “Plan”) on the date of my election or appointment in connection with my initial election or appointment as a non-employee
member of the Board of Directors of the Company for the year of Board service commencing on such date. 
 I understand the following: 

 

	 	•	 	 If I do not elect to defer the issuance of my initial stock grant, the shares will be granted on the date of my
election or appointment as a non-employee member of the Board of Directors of the Company based on the closing value of the Company’s common stock on such date (the “Fair Market Value”), the
shares will be taxed as ordinary income to me based on the Fair Market Value, and I will receive the shares as soon as practicable after that date. 

  

	 	•	 	 If I elect to defer the issuance of my initial stock grant: 

 

	 	•	 	 The grant will not be issued in shares of the Company’s common stock as set forth above, but instead will be
granted as a fully vested deferred stock unit (“DSU”) on the date of my election or appointment as a non-employee member of the Board of Directors of the Company based on the Fair Market Value.

  

	 	•	 	 The DSU grant will be settled in shares of the Company’s common stock on, or as soon as practicable after,
my “Separation from Service” within the meaning under Section 409A of the Internal Revenue Code; provided however, such settlement shall occur no later than 30 days after my Separation from Service. 

 

	 	•	 	 Dividend equivalents will accrue on the DSU grant and will be credited as additional DSUs to be settled in
additional shares of the Company’s common stock on, or as soon as practicable after, my Separation from Service; provided however, such settlement shall occur no later than 30 days after my Separation from Service. 

 

	 	•	 	 Receipt of shares of the Company’s common stock pursuant to the DSU grant will be taxed as ordinary income
to me based on the value of the shares on the date the DSU grant is settled and I receive shares of the Company’s common stock. 

* * * * * 
 I understand that these elections
will be effective only if received by the Company’s Legal Department on or before the date of my election or appointment. 
  

							
	 Signature of
Non-Employee Director
	 	
                
	  	 Date
	  	

 * Because individual circumstances vary, Cisco Systems, Inc. cannot provide tax advice and you should consult with your own
tax advisor regarding the income tax consequences of your potential elections. 

 (Effective December 2016 until prior to 

the Company’s 2021 Annual Meeting Of Shareholders) 

NON-EMPLOYEE DIRECTOR ELECTIONS 

ANNUAL RETAINER & EQUITY GRANT 

ANNUAL RETAINER 
 The alternatives for the fiscal
________ annual retainer (anticipated to be $75,000) for non-employee members of the Board of Directors of Cisco Systems, Inc. (the “Company”) are: 

 

	 	•	 	 a non-deferred cash payment (default option), 

 

	 	•	 	 a deferred cash payment under the Company’s Deferred Compensation Plan (the “DCP”),

  

	 	•	 	 a vested stock grant under the 2005 Stock Incentive Plan (the “Plan”), and/or 

 

	 	•	 	 a vested deferred stock unit (“DSU”) grant under the Plan. 

If you make no elections below, you will receive your full annual retainer in non-deferred cash. 

I, being a non-employee member of the Board of Directors of the Company, hereby make the below elections with respect
to my annual retainer for the next year of Board service commencing at the next Annual Meeting of Shareholders. (The Election Amount must total 100%.) 
  

					
	Alternative	  	Election Amount
(0% to 100%, in
increments of 25%)	  	Election under the DCP
Separation from Service
	 	 	 
	
Non-Deferred Cash

(default option)
	  	 %

(e.g. 0%, 25%, 50%, 75% or 100%)
	  	N/A
	 	 	 
	Deferred Cash under the Deferred Compensation Plan	  	%	  	 I elect to receive my DCP account balance (choose
one of the options below):
  
 as soon as practicable after my “Separation from
Service,” but no later than 30 days after my Separation from Service.
  
 as soon
as practicable in the calendar year following the calendar year of my “Separation from Service,” but no later than January 31.

	 	 	 
	Vested Stock Grant	  	%	  	N/A
	 	 	 
	Vested DSU Grant	  	%	  	N/A
	TOTAL	  	100%	  	  

 I understand the following: 
  

	 	•	 	 If I elect to receive deferred cash under the DCP: 

 

	 	•	 	 I authorize the Company to share my personal information with the third-party DCP administrator so that the DCP
administrator can begin the enrollment process in order for me to make investment and beneficiary elections pursuant to the terms of the DCP. 

  

	 	•	 	 I will receive my DCP account balance in a cash lump sum, taxable as ordinary income, pursuant to my election
above. If I make no election, I will receive my DCP account balance as soon as practicable after my “Separation from Service” within the meaning under Section 409A of the Internal Revenue Code, which generally will be the date my
service as a member of the Board of Directors of the Company terminates; provided however, such payment date will be no later than 30 days after my Separation from Service. 

 

	 	•	 	 If I elect to receive a vested stock grant, the shares will be granted on the date of the Annual
Meeting of Shareholders based on the closing value of the Company’s common stock on such date (the “Fair Market Value”), the shares will be taxed as ordinary income to me based on the Fair Market Value, and I will receive the shares
as soon as practicable after that date. 

  

	 	•	 	 If I elect to receive a vested DSU grant: 

 

	 	•	 	 The DSU grant will be granted on the date of the Annual Meeting of Shareholders based on the Fair Market Value.

  

	 	•	 	 The DSU grant will be settled in shares of the Company’s common stock on, or as soon as practicable after,
my Separation from Service; provided however, such settlement shall occur no later than 30 days after my Separation from Service. 

  

	 	•	 	 Dividend equivalents will accrue on the DSU grant and will be credited as additional DSUs to be
settled in additional shares of the Company’s common stock on, or as soon as practicable after, my Separation from Service; provided however, such settlement shall occur no later than 30 days after my Separation from Service.

  

	 	•	 	 Receipt of shares of the Company’s common stock pursuant to the DSU grant will be taxed as ordinary income
to me based on the value of the shares on the date the DSU grant is settled and I receive shares of the Company’s common stock. 

[ANNUAL EQUITY GRANT ELECTION ON NEXT PAGE] 

 ANNUAL EQUITY GRANT 

I further (check one) (i) ☐ ELECT or (ii) ☐ DO NOT ELECT to defer the issuance of my annual stock grant of fully vested shares of
stock anticipated to be granted under the 2005 Stock Incentive Plan (the “Plan”) on the date of the next Annual Meeting of Shareholders for the year of Board service commencing at the next Annual Meeting of Shareholders. 

I understand the following: 
  

	 	•	 	 If I do not elect to defer the issuance of my annual stock grant, the shares will be granted on the date of the
Annual Meeting of Shareholders based on the closing value of the Company’s common stock on such date (the “Fair Market Value”), the shares will be taxed as ordinary income to me based on the Fair Market Value, and I will receive the
shares as soon as practicable after that date. 

  

	 	•	 	 If I elect to defer the issuance of my annual stock grant: 

 

	 	•	 	 The grant will not be issued in shares of the Company’s common stock as set forth above, but instead will be
granted as a fully vested deferred stock unit (“DSU”) on the date of the Annual Meeting of Shareholders based on the Fair Market Value. 

  

	 	•	 	 The DSU grant will be settled in shares of the Company’s common stock on, or as soon as practicable after,
my “Separation from Service” within the meaning under Section 409A of the Internal Revenue Code; provided however, such settlement shall occur no later than 30 days after my Separation from Service. 

 

	 	•	 	 Dividend equivalents will accrue on the DSU grant and will be credited as additional DSUs to be
settled in additional shares of the Company’s common stock on, or as soon as practicable after, my Separation from Service; provided however, such settlement shall occur no later than 30 days after my Separation from Service.

  

	 	•	 	 Receipt of shares of the Company’s common stock pursuant to the DSU grant will be taxed as ordinary income
to me based on the value of the shares on the date the DSU grant is settled and I receive shares of the Company’s common stock. 

* * * * * 
 I understand that these elections
will be effective only if received by _______________ on or before _________ [December 31, [PRECEDING YEAR]]. 
  

							
	 Signature of
Non-Employee Director
	 	
                
	  	 Date
	  	

 * Because individual circumstances vary, Cisco Systems, Inc. cannot provide tax advice and you should consult with your own
tax advisor regarding the income tax consequences of your potential elections. 

 CISCO SYSTEMS, INC. 

VESTING ACCELERATION POLICY 

FOR 
 DEATH AND TERMINAL
ILLNESS 
 AS AMENDED JANUARY 27, 2016 

Unless and until the Compensation & Management Development Committee of the Board of Directors of Cisco Systems, Inc. determines otherwise, the
following policy shall be applied to all outstanding equity awards issued under any equity plan maintained Cisco or any Cisco subsidiary, including outstanding equity awards and/or equity plans assumed by Cisco in connection with its acquisition of
companies, and held by any employee of Cisco or any Cisco subsidiary (each such award shall be referred to herein as an “equity award”), except to the extent that the application of such policy would be prohibited any applicable law, rule
or regulation or would result in adverse legal or tax consequences thereunder. 
 For purposes of this policy: 

 

	 	•	 	 the value of stock options and stock appreciation rights is based on the difference between the exercise price of
the equity awards and the closing price of Cisco’s stock on the date of the employee’s death or terminal illness, as applicable, or if such day is not a trading day, the last trading day prior to the date of death or terminal illness, as
applicable; 

  

	 	•	 	 the value of stock grants, stock units, and unvested shares previously acquired pursuant to equity awards (such
shares are referred to herein as “unvested equity award shares”) is based on the difference between the purchase price, if any, and the closing price of Cisco’s stock on the date of the employee’s death or terminal illness, as
applicable, or if such day is not a trading day, the last trading day prior to the date of death or terminal illness, as applicable; 

  

	 	•	 	 “unvested equity award shares” includes outstanding and unvested performance-based restricted stock or
stock unit awards and the accelerated vesting of such awards will be deemed to occur at target levels, subject to the specified limits below; and 

  

	 	•	 	 to the extent the vesting of any performance-based restricted stock or stock unit award is accelerated pursuant
to this policy, the award will be settled upon the death or terminal illness of an employee, as the case may be, except that if the applicable award is subject to Section 409A of the Internal Revenue Code (“Code Section 409A”)
and such terminal illness does not qualify as a “Disability” within the meaning of Code Section 409A, then the award will instead be settled on the fixed payment date following the end of the performance period on which the applicable
award is normally paid out. 

 ACCELERATION UPON DEATH OF EMPLOYEE 

Upon the death of an employee, Cisco will accelerate the vesting of the employee’s outstanding equity awards and any unvested equity award shares up to a
specified limit based on the value of the equity awards and/or shares on the date of death. The limit on the amount of accelerated vesting is the greater of: (a) one-hundred percent (100%) of the
unvested equity awards and/or unvested equity award shares up to a total value of $10 million; or (b) up to one year of vesting from the date of death as to all unvested equity awards and/or unvested equity award shares. For example, if an
employee held unvested options for 100,000 shares with an exercise price of $1 which would vest in four annual installments of 25,000 shares, and the closing price of Cisco’s stock on the date of the employee’s death was $101, all 100,000
of the shares would become vested (100,000 shares x $100 (the difference between $101 and $1) = $10,000,000). 
 ACCELERATION UPON TERMINAL ILLNESS OF
EMPLOYEE 
 Upon the terminal illness of an employee, Cisco will accelerate the vesting of the employee’s outstanding equity awards and any unvested
equity award shares up to a specified limit based on the value of the equity awards and/or shares on the date of the terminal illness. An employee will be considered terminally ill upon the approval by Cisco’s employee life insurance provider
of the accelerated life insurance benefit which indicates 12 months or less to live. When a request is made to accelerate the vesting of an employee’s outstanding equity awards and early life insurance payouts are not also requested, an
employee will be considered terminally ill upon the approval by Cisco’s external, independent medical review vendor (which may include Cisco’s employee life insurance provider). The date of terminal illness will be the date the
determination is made by Cisco’s employee life insurance provider or Cisco’s external, independent medical review vendor. The limit on the amount of accelerated vesting is the greater of:
(a) one-hundred percent (100%) of the unvested equity awards and/or unvested equity award shares up to a total value of $10 million; or (b) up to one year of vesting from the date of the
terminal illness as to all unvested equity awards and/or unvested equity award shares. For example, if an employee holds unvested options for 100,000 shares with an exercise price of $1 which would vest in four annual installments of 25,000 shares,
and the closing price of Cisco’s stock on the date that the employee is determined to be terminally ill was $101, all 100,000 of the shares would become vested (100,000 shares x $100 (the difference between $101 and $1) = $10,000,000). 

 CISCO SYSTEMS, INC. 

VESTING POLICY 
 FOR

 LEAVES OF ABSENCE 

AS AMENDED JANUARY 27, 2016 
 Unless
and until the Compensation & Management Development Committee of the Board of Directors of Cisco Systems, Inc. determines otherwise, the following policy shall be applied to all outstanding equity awards issued under any equity plan
maintained Cisco or any Cisco subsidiary, including outstanding equity awards and/or equity plans assumed by Cisco in connection with its acquisition of companies, and held by any employee of Cisco or any Cisco subsidiary (each such award shall be
referred to herein as an “equity award”), except to the extent that the application of such policy would be prohibited by any applicable law, rule or regulation or would result in adverse legal or tax consequences thereunder. 

90 DAYS CONTINUED VESTING ON AUTHORIZED LEAVES OF ABSENCE 

The exercise or vesting schedule in effect for any outstanding equity award and any unvested shares previously acquired pursuant to any equity award (such
shares referred to herein as “unvested equity award shares”) held by an employee at the time of the employee’s commencement of an authorized leave of absence shall continue to vest and/or become exercisable in accordance with the
vesting schedule set forth in the applicable equity award agreement during the period the employee remains on such authorized leave of absence; provided that, in no event shall any employee be entitled to vest for more than 90 days of authorized
leaves of absence during any rolling 12-month period (the “LOA Limit”). 
 If an employee exceeds the LOA
Limit during any rolling 12-month period, the unvested equity award shares held by such an employee shall be suspended immediately following the expiration of the LOA Limit and the equity award and any
unvested equity shares shall not vest and/or become exercisable for any additional shares during the remainder of the rolling 12-month period. 

 CISCO SYSTEMS, INC. 

TRANSFER POLICY 
 FOR

 DIVORCE 
 Unless and until the
Compensation & Management Development Committee of the Board of Directors of Cisco Systems, Inc. determines otherwise, the following policy shall be applied to all equity awards issued under any equity plan maintained Cisco or any Cisco
subsidiary, including equity awards and/or equity plans assumed by Cisco in connection with its acquisition of companies, and held by any employee of Cisco or any Cisco subsidiary (each such award shall be referred to herein as an “equity
award”), except to the extent that the application of such policy would be prohibited by the applicable equity plan, equity award agreement or any applicable law, rule or regulation. 

PROHIBITION ON TRANSFER OF EQUITY AWARDS UPON DIVORCE 

Except as provided below, equity awards and any unvested shares acquired pursuant to equity awards shall not be anticipated, assigned, attached, garnished,
optioned, transferred or made subject to any creditor’s process in connection with the divorce of the holder of such equity award or shares. Equity awards and any unvested shares acquired pursuant to equity awards may be transferred by an
executive officer of Cisco only to the extent required by a domestic relations order, as defined by the Internal Revenue Code or Title I of the Employee Retirement Income Security Act, or the rules thereunder, in settlement of marital property
rights by any court of competent jurisdiction.Exhibit 4.3

    

    

    

       

    

    

    
      	
               

            

      

    

     

     

    SCORPIO BULKERS INC.

    

    

    FORM OF

    

    

    SENIOR INDENTURE

    

    

    Dated as of [           ], 20[ ]

    

    

    

    

    

    

    

    

    [         ]

    

    

    Trustee

    

    

    

    

    

    

    
      	
               

            

      

    

    

    

    

      

      

    

    
      
        	 	 	 

        

        

        

        

      

      
        

      

    

    TABLE OF CONTENTS

    PAGE

     

    
      

      

      	
              ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE

            	
              1

            

      

      

      	
              SECTION 1.01.

            	
              Definitions.

            	
              1

            
	
              SECTION 1.02.

            	
              Other Definitions.

            	
              5

            
	
              SECTION 1.03.

            	
              Incorporation by Reference of Trust Indenture Act.

            	
              5

            
	
              SECTION 1.04.

            	
              Rules of Construction.

            	
              6

            

      

      

      	
              ARTICLE II THE SECURITIES

            	
              6

            

      

      

      	
              SECTION 2.01.

            	
              Issuable in Series.

            	
              6

            
	
              SECTION 2.02.

            	
              Establishment of Terms of Series of Securities.

            	
              7

            
	
              SECTION 2.03.

            	
              Execution and Authentication.

            	
              9

            
	
              SECTION 2.04.

            	
              Registrar and Paying Agent.

            	
              10

            
	
              SECTION 2.05.

            	
              Paying Agent to Hold Money in Trust.

            	
              10

            
	
              SECTION 2.06.

            	
              Securityholder Lists.

            	
              11

            
	
              SECTION 2.07.

            	
              Transfer and Exchange.

            	
              11

            
	
              SECTION 2.08.

            	
              Mutilated, Destroyed, Lost and Stolen Securities.

            	
              12

            
	
              SECTION 2.09.

            	
              Outstanding Securities.

            	
              12

            
	
              SECTION 2.10.

            	
              Treasury Securities.

            	
              13

            
	
              SECTION 2.11.

            	
              Temporary Securities.

            	
              13

            
	
              SECTION 2.12.

            	
              Cancellation.

            	
              13

            
	
              SECTION 2.13.

            	
              Defaulted Interest.

            	
              14

            
	
              SECTION 2.14.

            	
              Global Securities.

            	
              14

            
	
              SECTION 2.15.

            	
              CUSIP Numbers.

            	
              16

            

      

      

      	
              ARTICLE III REDEMPTION

            	
              16

            

      

      

      	
              SECTION 3.01.

            	
              Notice to Trustee.

            	
              16

            
	
              SECTION 3.02.

            	
              Selection of Securities to be Redeemed.

            	
              16

            
	
              SECTION 3.03.

            	
              Notice of Redemption.

            	
              17

            
	
              SECTION 3.04.

            	
              Effect of Notice of Redemption.

            	
              17

            
	
              SECTION 3.05.

            	
              Deposit of Redemption Price.

            	
              18

            
	
              SECTION 3.06.

            	
              Securities Redeemed in Part.

            	
              18

            

       

    

    
      
        

           

        

        

      

      
        

      

    

    
      	
              ARTICLE IV COVENANTS

            	
              18

            

      

      

      	
              SECTION 4.01.

            	
              Payment of Principal and Interest.

            	
              18

            
	
              SECTION 4.02.

            	
              SEC Reports.

            	
              18

            
	
              SECTION 4.03.

            	
              Compliance Certificate.

            	
              19

            
	
              SECTION 4.04.

            	
              Stay, Extension and Usury Laws.

            	
              20

            
	
              SECTION 4.05.

            	
              Corporate Existence.

            	
              20

            
	
              SECTION 4.06.

            	
              Taxes.

            	
              20

            
	
              SECTION 4.07.

            	
              Additional Interest Notice.

            	
              20

            
	
              SECTION 4.08.

            	
              Further Instruments and Acts.

            	
              20

            

      

      

      	
              ARTICLE V SUCCESSORS

            	
              21

            

      

      

      	
              SECTION 5.01.

            	
              When Company May Merge, Etc.

            	
              21

            
	
              SECTION 5.02.

            	
              Successor Corporation Substituted.

            	
              21

            

      

      

      	
              ARTICLE VI DEFAULTS AND REMEDIES

            	
              21

            

      

      

      	
              SECTION 6.01.

            	
              Events of Default.

            	
              21

            
	
              SECTION 6.02.

            	
              Acceleration of Maturity; Rescission and Annulment.

            	
              23

            
	
              SECTION 6.03.

            	
              Collection of Indebtedness and Suits for Enforcement by Trustee.

            	
              25

            
	
              SECTION 6.04.

            	
              Trustee May File Proofs of Claim.

            	
              25

            
	
              SECTION 6.05.

            	
              Trustee May Enforce Claims Without Possession of Securities.

            	
              26

            
	
              SECTION 6.06.

            	
              Application of Money Collected.

            	
              26

            
	
              SECTION 6.07.

            	
              Limitation on Suits.

            	
              26

            
	
              SECTION 6.08.

            	
              Unconditional Right of Holders to Receive Principal and Interest.

            	
              27

            
	
              SECTION 6.09.

            	
              Restoration of Rights and Remedies.

            	
              27

            
	
              SECTION 6.10.

            	
              Rights and Remedies Cumulative.

            	
              27

            
	
              SECTION 6.11.

            	
              Delay or Omission Not Waiver.

            	
              27

            
	
              SECTION 6.12.

            	
              Control by Holders.

            	
              28

            
	
              SECTION 6.13.

            	
              Waiver of Past Defaults.

            	
              28

            
	
              SECTION 6.14.

            	
              Undertaking for Costs.

            	
              28

            

      

      

      	
              ARTICLE VII TRUSTEE

            	
              29

            

      

      

      	
              SECTION 7.01.

            	
              Duties of Trustee.

            	
              29

            
	
              SECTION 7.02.

            	
              Rights of Trustee.

            	
              30

            

      

         

    

    

    

    
      
        

        

        

        

      

      
        

      

    

    
      

      

      

      

      	
              SECTION 7.03.

            	
              Individual Rights of Trustee.

            	
              31

            
	
              SECTION 7.04.

            	
              Trustee's Disclaimer.

            	
              31

            
	
              SECTION 7.05.

            	
              Notice of Defaults.

            	
              31

            
	
              SECTION 7.06.

            	
              Reports by Trustee to Holders.

            	
              31

            
	
              SECTION 7.07.

            	
              Compensation and Indemnity.

            	
              32

            
	
              SECTION 7.08.

            	
              Replacement of Trustee.

            	
              32

            
	
              SECTION 7.09.

            	
              Successor Trustee by Merger, etc.

            	
              33

            
	
              SECTION 7.10.

            	
              Eligibility; Disqualification.

            	
              33

            
	
              SECTION 7.11.

            	
              Preferential Collection of Claims Against Company.

            	
              34

            

      

      

      	
              ARTICLE VIII SATISFACTION AND DISCHARGE; DEFEASANCE

            	
              34

            

      

      

      	
              SECTION 8.01.

            	
              Satisfaction and Discharge of Indenture.

            	
              34

            
	
              SECTION 8.02.

            	
              Application of Trust Funds; Indemnification.

            	
              35

            
	
              SECTION 8.03.

            	
              Legal Defeasance of Securities of any Series.

            	
              36

            
	
              SECTION 8.04.

            	
              Covenant Defeasance.

            	
              37

            
	
              SECTION 8.05.

            	
              Repayment to Company.

            	
              38

            

      

      

      	
              ARTICLE IX AMENDMENTS AND WAIVERS

            	
              38

            

      

      

      	
              SECTION 9.01.

            	
              Without Consent of Holders.

            	
              38

            
	
              SECTION 9.02.

            	
              With Consent of Holders.

            	
              39

            
	
              SECTION 9.03.

            	
              Limitations.

            	
              40

            
	
              SECTION 9.04.

            	
              Compliance with Trust Indenture Act.

            	
              40

            
	
              SECTION 9.05.

            	
              Revocation and Effect of Consents.

            	
              41

            
	
              SECTION 9.06.

            	
              Notation on or Exchange of Securities.

            	
              41

            
	
              SECTION 9.07.

            	
              Trustee Protected.

            	
              41

            
	
              SECTION 9.08.

            	
              Effect of Supplemental Indenture.

            	
              41

            

      

      

      	
              ARTICLE X MISCELLANEOUS

            	
              42

            

      

      

      	
              SECTION 10.01.

            	
              Trust Indenture Act Controls.

            	
              42

            
	
              SECTION 10.02.

            	
              Notices.

            	
              42

            
	
              SECTION 10.03.

            	
              Communication by Holders with Other Holders.

            	
              43

            
	
              SECTION 10.04.

            	
              Certificate and Opinion as to Conditions Precedent.

            	
              43

            
	
              SECTION 10.05.

            	
              Statements Required in Certificate or Opinion.

            	
              43

            

      

    

     

    

       

    

    

    
      
        

        

        

        

      

      
        

      

    

     

    
      

      

      

      

      	
              SECTION 10.06.

            	
              Record Date for Vote or Consent of Holders.

            	
              44

            
	
              SECTION 10.07.

            	
              Rules by Trustee and Agents.

            	
              44

            
	
              SECTION 10.08.

            	
              Legal Holidays.

            	
              44

            
	
              SECTION 10.09.

            	
              No Recourse Against Others.

            	
              44

            
	
              SECTION 10.10.

            	
              Counterparts.

            	
              44

            
	
              SECTION 10.11.

            	
              Governing Laws and Submission to Jurisdiction.

            	
              45

            
	
              SECTION 10.12.

            	
              No Adverse Interpretation of Other Agreements.

            	
              45

            
	
              SECTION 10.13.

            	
              Successors.

            	
              45

            
	
              SECTION 10.14.

            	
              Severability.

            	
              45

            
	
              SECTION 10.15.

            	
              Table of Contents, Headings, Etc.

            	
              45

            
	
              SECTION 10.16.

            	
              Securities in a Foreign Currency or in ECU.

            	
              46

            
	
              SECTION 10.17.

            	
              Judgment Currency.

            	
              46

            
	
              SECTION 10.18.

            	
              Compliance with Applicable Anti-Terrorism and Money Laundering Regulations.

            	
              47

            

      

      

      	
              ARTICLE XI SINKING FUNDS

            	
              47

            

      

      

      	
              SECTION 11.01.

            	
              Applicability of Article.

            	
              47

            
	
              SECTION 11.02.

            	
              Satisfaction of Sinking Fund Payments with Securities.

            	
              48

            
	
              SECTION 11.03.

            	
              Redemption of Securities for Sinking Fund.

            	
              48

            

      

      

      

      

      

      

    

    

    

    

    

    
      
        

        

        

        

      

      
        

      

    

    Reconciliation and tie between Trust Indenture Act of 1939 and Indenture,

    Dated as of [          ], 20[ ]

     

    	
            Section 310(a)(1)

          	
            7.10

          
	
            (a)(2)

          	
            7.10

          
	
            (a)(3)

          	
            Not Applicable

          
	
            (a)(4)

          	
            Not Applicable

          
	
            (a)(5)

          	
            7.10

          
	
            (b)

          	
            7.10

          
	
            (c)

          	
            Not Applicable

          
	
            Section 311(a)

          	
            7.11

          
	
            (b)

          	
            7.11

          
	
            (c)

          	
            Not Applicable

          
	
            Section 312(a)

          	
            2.06

          
	
            (b)

          	
            10.03

          
	
            (c)

          	
            10.03

          
	
            Section 313(a)

          	
            7.06

          
	
            (b)(1)

          	
            7.06

          
	
            (b)(2)

          	
            7.06

          
	
            (c)(1)

          	
            7.06

          
	
            (d)

          	
            7.06

          
	
            Section 314(a)

          	
            4.02, 10.05

          
	
            (b)

          	
            Not Applicable

          
	
            (c)(1)

          	
            10.04

          
	
            (c)(2)

          	
            10.04

          
	
            (c)(3)

          	
            Not Applicable

          
	
            (d)

          	
            Not Applicable

          
	
            (e)

          	
            10.05

          
	
            (f)

          	
            Not Applicable

          
	
            Section 315(a)

          	
            7.01

          
	
            (b)

          	
            7.05

          
	
            (c)

          	
            7.01

          
	
            (d)

          	
            7.01

          
	
            (e)

          	
            6.14

          
	
            Section 316(a)(1)(A)

          	
            6.12

          
	
            (a)(1)(B)

          	
            6.13

          
	
            (a)(2)

          	
            Not Applicable

          
	
            (b)

          	
            6.13

          
	
            (c)

          	
            10.06

          
	
            Section 317(a)(1)

          	
            6.03

          
	
            (a)(2)

          	
            6.04

          
	
            (b)

          	
            2.05

          
	
            Section 318(a)

          	
            10.01

          

     

    Note:  This reconciliation and tie shall not, for any purpose, be deemed to be part of the Indenture.

    
      
        	 	 	 

        

        

        

        

      

      
        

      

    

    
    Indenture dated as of [          ], 20[ ]
        between Scorpio Bulkers Inc., a company organized under the laws of the Republic of the Marshall Islands (the "Company") and [          ] (the "Trustee").

     

    Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Securities
      issued under this Indenture.

     

    ARTICLE I

      

       DEFINITIONS AND INCORPORATION BY REFERENCE

     

    SECTION 1.01.          Definitions.

     

    "Additional Amounts" means any
      additional amounts which are required hereby or by any Security, under circumstances specified herein or therein, to be paid by the Company in respect of certain taxes imposed on Holders specified therein and which are owing to such Holders.

     

    "Affiliate" of any specified person
      means any other person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified person.  For the purposes of this definition, "control" (including, with correlative meanings, the terms
      "controlled by" and "under common control with"), as used with respect to any person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such person, whether through the
      ownership of voting securities or by agreement or otherwise.

     

    "Agent" means any Registrar or Paying
      Agent.

     

    "Bankruptcy Law" means Title 11 of the
      United States Code (or any successor thereto) or any similar federal or state law for the relief of debtors.

     

    "Board of Directors" means the board
      of directors of the Company or any duly authorized committee thereof.

     

    "Board Resolution" means a copy of a
      resolution certified by the Secretary or an Assistant Secretary of the Company to have been adopted by the Board of Directors or pursuant to authorization by the Board of Directors and to be in full force and effect on the date of the certificate and
      delivered to the Trustee.

     

    "Business Day" means any day other
      than a (x) Saturday, (y) Sunday or (z) day on which state or federally chartered banking institutions in New York, New York are not required to be open.

     

    "Capital Stock" of any Person means
      any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) equity of such Person, but excluding any debt securities convertible into such equity.

    

     

    
      
        

        

      

      1

      
        

      

    

    

    

     

    "Certificated Securities" means
      Securities in the form of physical, certificated Securities in registered form.

     

    "Company" means the party named as
      such above until a successor replaces it in accordance with the terms of this Indenture and thereafter means the successor.

     

    "Company Order" means a written order
      signed in the name of the Company by two Officers, one of whom must be the Company's principal executive officer, principal financial officer or principal accounting officer.

     

    "Company Request" means a written
      request signed in the name of the Company by its Chairman of the Board, a President or a Vice President, and by its Chief Financial Officer, its Secretary or an Assistant Secretary, and delivered to the Trustee.

     

    "Corporate Trust Office" means the
      office of the Trustee at which at any particular time its corporate trust business shall be principally administered which office at the date of the execution of this Indenture is [          ], Attention: [          ], or at such other address as the
      Trustee may designate from time to time.

     

    "Custodian" means any receiver,
      trustee, assignee, liquidator, sequestrator or similar official under any Bankruptcy Law.

     

    "Default" or "default" means any event
      which is, or after notice or passage of time or both would be, an Event of Default.

     

    "Default Rate" means the default rate
      of interest specified in the Securities.

     

    "Depository" means, with respect to
      the Securities of any Series issuable or issued in whole or in part in the form of one or more Global Securities, the person designated as Depository for such Series by the Company, which Depository shall be a clearing agency registered under the
      Exchange Act; and if at any time there is more than one such person, "Depository" as used with respect to the Securities of any Series shall mean the Depository with respect to the Securities of such Series.

     

    "Discount Security" means any Security
      that provides for an amount less than the stated principal amount thereof to be due and payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.02.

     

    "Dollars" means the currency of The
      United States of America.

     

    "ECU" means the European Currency Unit
      as determined by the Commission of the European Union.

     

    "Exchange Act" means the Securities
      Exchange Act of 1934, as amended.

     

    "Foreign Currency" means any currency
      or currency unit issued by a government other than the government of The United States of America.

    

     

    
      
        

        

      

      2

      
        

      

    

    

    

     

    "Foreign Government Obligations" means
      with respect to Securities of any Series that are denominated in a Foreign Currency, (i) direct obligations of the government that issued or caused to be issued such currency for the payment of which obligations its full faith and credit is pledged
      or (ii) obligations of a person controlled or supervised by or acting as an agency or instrumentality of such government the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by such government, which, in
      either case under clauses (i) or (ii), are not callable or redeemable at the option of the issuer thereof.

     

    "Global Security" or "Global Securities" means a Security or Securities, as the case may be, in the form established pursuant to Section 2.02 evidencing all or part of a
      Series of Securities, issued to the Depository for such Series or its nominee, and registered in the name of such Depository or nominee.

     

    "Holder" or "Securityholder" means a person in whose name a Security is registered.

     

    "Indenture" means this Indenture as
      amended and supplemented from time to time and shall include the form and terms of particular Series of Securities established as contemplated hereunder.

     

    "Interest," in respect of the
      Securities, unless the context otherwise requires, refers to interest payable on the Securities, including any additional interest that may become payable pursuant to Section 6.02(b).

     

    "Maturity," when used with respect to
      any Security or installment of principal thereof, means the date on which the principal of such Security or such installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of
      acceleration, call for redemption, notice of option to elect repayment or otherwise.

     

    "Officer" means the Chairman of the
      Board, the President, any Vice-President, the Treasurer, the Secretary, any Assistant Treasurer or any Assistant Secretary of the Company.

     

    "Officers' Certificate" means a
      certificate signed by two Officers, one of whom must be the Company's principal executive officer, principal financial officer or principal accounting officer.

     

    "Opinion of Counsel" means a written
      opinion of legal counsel who is, and which opinion is, acceptable to the Trustee and its counsel.  Such legal counsel may be an employee of or counsel to the Company or the Trustee.

     

    "Person" means any individual,
      corporation, partnership, joint venture, association, limited liability company, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.

     

    "Principal" or "principal" of a Security means the principal of the Security plus, when appropriate, the premium, if any, on, and any Additional Amounts in respect of,
      the Security.

     

     

    
      
        

        

      

      3

      
        

      

    

    

    

     

    "Responsible Officer" means any
      officer of the Trustee in its Corporate Trust Office and also means, any vice president, managing director, director, associate, assistant vice president, or any other officer of the Trustee customarily performing functions similar to those performed
      by any of the above designated officers and also, with respect to a particular corporate trust matter, any other officer to whom any corporate trust matter is referred because of his or her knowledge of and familiarity with a particular subject.

     

    "SEC" means the Securities and
      Exchange Commission.

     

    "Security" or "Securities" means the debentures, notes or other debt instruments of the Company of any Series authenticated and delivered under this Indenture.

     

    "Series" or "Series of Securities" means each series of debentures, notes or other debt instruments of the Company created pursuant to Sections 2.01 and 2.02 hereof.

     

    "Stated Maturity" when used with
      respect to any Security or any installment of principal thereof or interest thereon, means the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable.

     

    "Subordinated Indebtedness" means any
      indebtedness which is expressly subordinated to the indebtedness evidenced by Securities.

     

    "Subsidiary" means, in respect of any
      Person, any corporation, association, partnership or other business entity of which more than 50% of the total voting power of shares of Capital Stock or other interests (including partnership interests) entitled (without regard to the occurrence of
      any contingency) to vote in the election of directors, managers, general partners or trustees thereof is at the time owned or controlled, directly or indirectly, by (i) such Person; (ii) such Person and one or more Subsidiaries of such Person; or
      (iii) one or more Subsidiaries of such Person.

     

    "TIA" means the Trust Indenture Act of
      1939 (15 U.S. Code Sections 77aaa-77bbbb) as in effect on the date of this Indenture; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, "TIA" means, to the extent required by any such amendment, the
      Trust Indenture Act as so amended.

     

    "Trustee" means the person named as
      the "Trustee" in the first paragraph of this instrument until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter "Trustee" shall mean or include each person who is then a Trustee
      hereunder, and if at any time there is more than one such person, "Trustee" as used with respect to the Securities of any Series shall mean the Trustee with respect to Securities of that Series.

     

     

    
      
        

        

      

      4

      
        

      

    

    

    

     

    "U.S. Government Obligations" means
      securities which are (i) direct obligations of The United States of America for the payment of which its full faith and credit is pledged or (ii) obligations of a person controlled or supervised by and acting as an agency or instrumentality of The
      United States of America the payment of which is unconditionally guaranteed as a full faith and credit obligation by The United States of America, and which in the case of (i) and (ii) are not callable or redeemable at the option of the issuer
      thereof, and shall also include a depository receipt issued by a bank or trust company as custodian with respect to any such U.S. Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by
      such custodian for the account of the holder of a depository receipt, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount
      received by the custodian in respect of the U.S. Government Obligation evidenced by such depository receipt.

     

    SECTION 1.02.          Other Definitions.

     

    	 	
             

            TERM

          	
             

            DEFINED IN SECTION

          	 
	 	
            "Applicable Law"

          	
            10.18

          	 
	 	
            "Event of Default"

          	
            6.01

          	 
	 	
            "Instrument"

          	
            6.01

          	 
	 	
            "Journal"

          	
            10.16

          	 
	 	
            "Judgment Currency"

          	
            10.17

          	 
	 	
            "Legal Holiday"

          	
            10.08

          	 
	 	
            "mandatory sinking fund payment"

          	
            11.01

          	 
	 	
            "Market Exchange Rate"

          	
            10.16

          	 
	 	
            "New York Banking Day"

          	
            10.17

          	 
	 	
            "optional sinking fund payment"

          	
            11.01

          	 
	 	
            "Paying Agent"

          	
            2.04

          	 
	 	
            "Registrar"

          	
            2.04

          	 
	 	
            "Required Currency"

          	
            10.17

          	 
	 	
            "successor person"

          	
            5.01

          	 
	 	
            "Temporary Securities"

          	
            2.11

          	 

     

    SECTION 1.03.          Incorporation by Reference of Trust Indenture Act.

     

    Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. 
      This Indenture shall also include those provisions of the TIA required to be included herein by the provisions of the Trust Indenture Reform Act of 1990.  The following TIA terms used in this Indenture have the following meanings:

     

    "indenture securities" means the
      Securities.

     

    "indenture security holder" means a
      Securityholder.

     

    "indenture to be qualified" means this
      Indenture.

     

    "indenture trustee" or "institutional
      trustee" means the Trustee.

     

    "obligor" on the indenture securities
      means the Company and any successor obligor upon the Securities.

     

     

    
      
        

        

      

      5

      
        

      

    

    

    

     

    All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule under
      the TIA and not otherwise defined herein are used herein as so defined.

     

    SECTION 1.04.          Rules of Construction.

     

    Unless the context otherwise requires:

     

    (a)          a term has the meaning assigned
        to it;

     

    (b)          an accounting term not
        otherwise defined has the meaning assigned to it in accordance with generally accepted accounting principles;

     

    (c)          references to "generally
        accepted accounting principles" shall mean generally accepted accounting principles in effect as of the time when and for the period as to which such accounting principles are to be applied;

     

    (d)          "or" is not exclusive;

     

    (e)          words in the singular include
        the plural, and in the plural include the singular;

     

    (f)          provisions apply to successive
        events and transactions;

     

    (g)          references to agreements and
        other instruments include subsequent amendments thereto;

     

    (h)          the term "merger" includes a
        statutory share exchange, and the term "merged" has a correlative meaning; and

     

    (i)          "herein," "hereof" and other
        words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision.

     

    ARTICLE II

      

       THE SECURITIES

     

    SECTION 2.01.          Issuable in Series.

     

    The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited.  The Securities may
      be issued in one or more Series.  All Securities of a Series shall be identical except as may be set forth in a Board Resolution, a supplemental indenture or an Officers' Certificate detailing the adoption of the terms thereof pursuant to the
      authority granted under a Board Resolution.  In the case of Securities of a Series to be issued from time to time, the Board Resolution, Officers' Certificate or supplemental indenture may provide for the method by which specified terms (such as
      interest rate, maturity date, record date or date from which interest shall accrue) are to be determined.  Securities may differ between Series in respect of any matters, provided that all Series of Securities shall be equally and ratably entitled to
      the benefits of the Indenture.

    

       

     

    
      
        

        

      

      6

      
        

      

    

    

    

     

    SECTION 2.02.          Establishment of Terms of Series of Securities.

     

    At or prior to the issuance of any Securities within a Series, the following shall be established (as to the Series generally, in the case
      of Subsection (a), and either as to such Securities within the Series or as to the Series generally in the case of Subsections (b) through (t) by a Board Resolution, a supplemental indenture or an Officers' Certificate pursuant to authority granted
      under a Board Resolution:

     

    (a)          the title, designation,
        aggregate principal amount and authorized denominations of the Securities of the Series;

     

    (b)          the price or prices, (expressed
        as a percentage of the aggregate principal amount thereof) at which the Securities of the Series will be issued;

     

    (c)          the date or dates on which the
        principal of the Securities of the Series is payable;

     

    (d)          the rate or rates (which may be
        fixed or variable) per annum or, if applicable, the method used to determine such rate or rates (including, but not limited to, any commodity, commodity index, stock exchange index or financial index) at which the Securities of the Series shall
        bear interest, if any, the date or dates from which such interest, if any, shall commence and be payable and any regular record date for the interest payable on any interest payment date;

     

    (e)          any optional or mandatory
        sinking fund provisions or conversion or exchangeability provisions upon which Securities of the Series shall be redeemed, purchased, converted or exchanged;

     

    (f)          the date, if any, after which
        and the price or prices at which the Securities of the Series may be optionally redeemed or must be mandatorily redeemed and any other terms and provisions of optional or mandatory provisions;

     

    (g)          if other than denominations of
        $1,000 and any integral multiple thereof, the denominations in which the Securities of the Series shall be issuable;

     

    (h)          if other than the full
        principal amount, the portion of the principal amount of the Securities of the Series that shall be payable upon declaration of acceleration pursuant to Section 6.02 or provable in bankruptcy;

     

    (i)          any addition to or change in
        the Events of Default which applies to any Securities of the Series and any change in the right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 6.02;

     

     

     

    
      
        

        

      

      7

      
        

      

    

    

    

     

    (j)          the currency or currencies,
        including composite currencies, in which payments of principal of, premium or interest, if any, on the Securities of the Series will be payable, if other than the currency of the United States of America;

     

    (k)          if payments of principal of,
        premium or interest, if any, on the Securities of the Series will be payable, at the Company's election or at the election of any Holder, in a currency other than that in which the Securities of the Series are stated to be payable, the period or
        periods within which, and the terms and conditions upon which, the election may be made;

     

    (l)          if payments of interest, if
        any, on the Securities of the Series will be payable, at the Company's election or at the election of any Holder, in cash or additional securities, and the terms and conditions upon which the election may be made;

     

    (m)          if denominated in a currency or
        currencies other than the currency of the United States of America, the equivalent price of the Securities of the Series in the currency of the United States of America for purposes of determining the voting rights of Holders of the Securities of
        the Series;

     

    (n)          if the amount of payments of
        principal, premium or interest may be determined with reference to an index, formula or other method based on a coin or currency other than that in which the Securities of the Series are stated to be payable, the manner in which the amounts will be
        determined;

     

    (o)          any restrictive covenants or
        other material terms relating to the Securities of the Series;

     

    (p)          whether the Securities of the
        Series will be issued in the form of global securities or certificates in registered form;

     

    (q)          any terms with respect to
        subordination;

     

    (r)          any listing on any securities
        exchange or quotation system;

     

    (s)          additional provisions, if any,
        related to defeasance and discharge of the offered debt securities; and

     

    (t)          the applicability of any
        guarantees, which would be governed by New York law.

     

    All Securities of any one Series need not be issued at the same time and may be issued from time to time, consistent with the terms of this
      Indenture, if so provided by or pursuant to the Board Resolution, supplemental indenture or Officers' Certificate referred to above, and the authorized principal amount of any Series may not be increased to provide for issuance of additional
      Securities of such Series, unless otherwise provided in such Board Resolution, supplemental Indenture or Officers' Certificate.

     

     

    
      
        

        

      

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    SECTION 2.03.          Execution and Authentication.

     

    Two Officers shall sign the Securities for the Company by manual or facsimile signature.

     

    If an Officer whose signature is on a Security no longer holds that office at the time the Security is authenticated, the Security shall
      nevertheless be valid.

     

    A Security shall not be valid until authenticated by the manual signature of the Trustee or an authenticating agent.  The signature shall be
      conclusive evidence that the Security has been authenticated under this Indenture.

     

    The Trustee shall at any time, and from time to time, authenticate Securities for original issue in the principal amount provided in the
      Board Resolution, supplemental indenture hereto or Officers' Certificate, upon receipt by the Trustee of a Company Order.  Such Company Order may authorize authentication and delivery pursuant to oral or electronic instructions from the Company or
      its duly authorized agent or agents, which oral instructions shall be promptly confirmed in writing.  Each Security shall be dated the date of its authentication unless otherwise provided by a Board Resolution, a supplemental indenture hereto or an
      Officers' Certificate.

     

    The aggregate principal amount of Securities of any Series outstanding at any time may not exceed any limit upon the maximum principal
      amount for such Series set forth in the Board Resolution, supplemental indenture hereto or Officers' Certificate delivered pursuant to Section 2.02, except as provided in Section 2.08.

     

    Prior to the issuance of Securities of any Series, the Trustee shall have received and (subject to Section 7.02) shall be fully protected in
      relying on: (a) the Board Resolution, supplemental indenture hereto or Officers Certificate establishing the form of the Securities of that Series or of Securities within that Series and the terms of the Securities of that Series or of Securities
      within that Series, (b) an Officers' Certificate complying with Section 10.04, and (c) an Opinion of Counsel complying with Section 10.04.

     

    The Trustee shall have the right to decline to authenticate and deliver any Securities of such Series: (a) if the Trustee, being advised by
      counsel, determines that such action may not lawfully be taken; or (b) if a Responsible Officer of the Trustee in good faith shall determine that such action would expose the Trustee to personal liability to Holders of any then outstanding Series of
      Securities.

     

    The Trustee may appoint an authenticating agent acceptable to the Company to authenticate Securities.  An authenticating agent may
      authenticate Securities whenever the Trustee may do so.  Each reference in this Indenture to authentication by the Trustee includes authentication by such agent.  An authenticating agent has the same rights as an Agent to deal with the Company or an
      Affiliate.

     

     

    
      
        

        

      

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    If any successor that has replaced the Company in accordance with Article 5 has executed an indenture supplemental hereto with the Trustee
      pursuant to Section 5.01, any of the Securities authenticated or delivered prior to such transaction may, from time to time, at the request of such successor, be exchanged for other Securities executed in the name of the such successor with such
      changes in phraseology and form as may be appropriate, but otherwise identical to the Securities surrendered for such exchange and of like principal amount; and the Trustee, upon receipt of a Company Order of such successor, shall authenticate and
      deliver Securities as specified in such order for the purpose of such exchange.  If Securities shall at any time be authenticated and delivered in any new name of such successor pursuant to this provision of Section 2.03 in exchange or substitution
      for or upon registration of transfer of any Securities, such successor, at the option of the Holders but without expense to them, shall provide for the exchange of all Securities then outstanding for Securities authenticated and delivered in such new
      name.

     

    SECTION 2.04.          Registrar and Paying Agent.

     

    The Company shall maintain, with respect to each Series of Securities, at the place or places specified with respect to such Series pursuant
      to Section 2.02, an office or agency where Securities of such Series may be presented or surrendered for payment ("Paying Agent") and where Securities of such Series may be surrendered for registration of transfer or exchange ("Registrar").  The
      Registrar shall keep a register with respect to each Series of Securities and to their transfer and exchange.  The Company will give prompt written notice to the Trustee of the name and address, and any change in the name or address, of each
      Registrar and Paying Agent.  If at any time the Company shall fail to maintain any such required Registrar or Paying Agent or shall fail to furnish the Trustee with the name and address thereof, such presentations and surrenders may be made or served
      at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations and surrenders.

     

    The Company may also from time to time designate one or more co-registrars or additional paying agents and may from time to time rescind
      such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligations to maintain a Registrar or Paying Agent in each place so specified pursuant to Section 2.02 for Securities of any
      Series for such purposes.  The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the name or address of any such co-registrar or additional paying agent.  The term "Registrar" includes
      any co-registrar; and the term "Paying Agent" includes any additional paying agent.

     

    The Company hereby appoints [          ] as
        the initial Registrar and Paying Agent for each Series unless another Registrar or Paying Agent as the case may be, is appointed prior to the time Securities of that Series are first issued.  Each Registrar and Paying Agent shall be entitled to all
        of the rights, protections, exculpations and indemnities afforded to the Trustee in connection with its roles as Registrar and Paying Agent.

     

    SECTION 2.05.          Paying Agent to Hold Money in Trust.

     

    The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust, for the
      benefit of Securityholders of any Series of Securities, or the Trustee, all money held by the Paying Agent for the payment of principal of or interest on the Series of Securities, and will notify the Trustee of any default by the Company in making
      any such payment.  While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee.  The Company at any time may require a Paying Agent to pay all money held by it to the Trustee.  Upon payment over
      to the Trustee, the Paying Agent (if other than the Company or a Subsidiary) shall have no further liability for the money.  If the Company or a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of
      Securityholders of any Series of Securities all money held by it as Paying Agent.

     

     

    
      
        

        

      

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    SECTION 2.06.          Securityholder Lists.

     

    The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses
      of Securityholders of each Series of Securities and shall otherwise comply with TIA Section 312(a).  If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least [  ] days before each interest payment date and at such other
      times as the Trustee may request in writing a list, in such form and as of such date as the Trustee may reasonably require, of the names and addresses of Securityholders of each Series of Securities.

     

    SECTION 2.07.          Transfer and Exchange.

     

    Where Securities of a Series are presented to the Registrar or a co-registrar with a request to register a transfer or to exchange them for
      an equal principal amount of Securities of the same Series, the Registrar shall register the transfer or make the exchange if its requirements for such transactions are met.  To permit registrations of transfers and exchanges, the Trustee shall
      authenticate Securities at the Registrar's request.  Any exchange or transfer shall be without charge, except that the Company or the Registrar may require payment of a sum sufficient to cover any tax or other governmental charge required by law;
      provided that this sentence shall not apply to any exchange pursuant to Section 2.11, 2.08, 3.06 or 9.06.

     

    Neither the Company nor the Registrar shall be required (a) to issue, register the transfer of, or exchange Securities of any Series for the
      period beginning at the opening of business [  ] days immediately preceding the mailing of a notice of redemption of Securities of that Series selected for redemption and ending at the close of business on the day of such mailing, or (b) to register
      the transfer of or exchange Securities of any Series selected, called or being called for redemption as a whole or the portion being redeemed of any such Securities selected, called or being called for redemption in part.

     

    All Securities issued upon any transfer or exchange of Securities shall be valid obligations of the Company, evidencing the same debt and
      entitled to the same benefits under this Indenture, as the Securities surrendered upon such transfer or exchange.  Any Registrar appointed pursuant to Section 2.04 shall provide to the Trustee such information as the Trustee may reasonably require in
      connection with the delivery by such Registrar of Securities upon transfer or exchange of Securities.  Each Holder of a Security agrees to indemnify the Company and the Trustee against any liability that may result from the transfer, exchange or
      assignment of such Holder's Security in violation of any provision of this Indenture and/or applicable U.S. federal or state securities law.

    

       

    
      
        

        

      

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    SECTION 2.08.          Mutilated, Destroyed, Lost and Stolen Securities.

     

    If any mutilated Security is surrendered to the Registrar, the Company shall execute and the Trustee shall authenticate and deliver in
      exchange therefor a new Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding.

     

    If there shall be delivered to the Company and the Registrar (i) evidence to their satisfaction of the destruction, loss or theft of any
      Security and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the Registrar that such Security has been acquired by a bona fide
      purchaser, the Company shall execute and upon its request the Trustee shall authenticate and make available for delivery, in lieu of any such destroyed, lost or stolen Security, a new Security of the same Series and of like tenor and principal amount
      and bearing a number not contemporaneously outstanding.

     

    In case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its
      discretion may, instead of issuing a new Security, pay such Security.

     

    Upon the issuance of any new Security under this Section, the Company may require the payment of a sum sufficient to cover any tax or other
      governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith.

     

    Every new Security of any series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an
      original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with
      any and all other Securities of that Series duly issued hereunder.

     

    The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the
      replacement or payment of mutilated, destroyed, lost or stolen Securities.

     

    SECTION 2.09.          Outstanding Securities.

     

    The Securities outstanding at any time are all the Securities authenticated by the Trustee except for those canceled by it, those delivered
      to it for cancellation, those reductions in the interest on a Global Security effected by the Trustee in accordance with the provisions hereof and those described in this Section as not outstanding.

     

    If a Security is replaced pursuant to Section 2.08, it ceases to be outstanding until the Trustee receives proof satisfactory to it that the
      replaced Security is held by a bona fide purchaser.

     

     

    
      
        

        

      

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    If the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof) holds on the Maturity of Securities of a Series
      money sufficient to pay such Securities payable on that date, then on and after that date such Securities of the Series cease to be outstanding and interest on them ceases to accrue.

     

    A Security does not cease to be outstanding because the Company or an Affiliate holds the Security.

     

    In determining whether the Holders of the requisite principal amount of outstanding Securities have given any request, demand,
      authorization, direction, notice, consent or waiver hereunder, the principal amount of a Discount Security that shall be deemed to be outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the
      date of such determination upon a declaration of acceleration of the Maturity thereof pursuant to Section 6.02.

     

    SECTION 2.10.          Treasury Securities.

     

    In determining whether the Holders of the required principal amount of Securities of a Series have concurred in any request, demand,
      authorization, direction, notice, consent or waiver Securities of a Series owned by the Company or an Affiliate shall be disregarded, except that for the purposes of determining whether the Trustee shall be protected in relying on any such request,
      demand, authorization, direction, notice, consent or waiver only Securities of a Series that a Responsible Officer of the Trustee actually knows are so owned shall be so disregarded.

     

    SECTION 2.11.          Temporary Securities.

     

    Until definitive Securities are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary securities upon a
      Company Order ("Temporary Securities").  Temporary Securities shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate for temporary Securities.  Without unreasonable delay, the
      Company shall prepare and the Trustee upon written request shall authenticate definitive Securities of the same Series and date of maturity in exchange for temporary Securities.  Until so exchanged, temporary securities shall have the same rights
      under this Indenture as the definitive Securities.

     

    SECTION 2.12.          Cancellation.

     

    The Company at any time may deliver Securities to the Trustee for cancellation.  The Registrar and the Paying Agent shall forward to the
      Trustee or its agent any Securities surrendered to them for transfer, exchange, payment or conversion.  The Trustee and no one else shall cancel, in accordance with its standard procedures, all Securities surrendered for transfer, exchange, payment,
      conversion or cancellation and shall deliver the cancelled Securities to the Company.  No Security shall be authenticated in exchange for any Security cancelled pursuant to this Section 2.12.

     

    The Company may, to the extent permitted by law, purchase Securities in the open market or by tender offer at any price or by private
      agreement.  Any Securities purchased or otherwise acquired by the Company or any of its Subsidiaries prior to the final maturity of such Securities may, to the extent permitted by law, be reissued or resold or may, at the option of the Company, be
      surrendered to the Trustee for cancellation.  Any Securities surrendered for cancellation may not be reissued or resold and shall be promptly cancelled by the Trustee, and the Company may not hold or resell such Securities or issue any new Securities
      to replace any such Securities.

     

     

    
      

      

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    SECTION 2.13.          Defaulted Interest.

     

    If the Company defaults in a payment of interest on a Series of Securities, it shall pay defaulted interest, plus, to the extent permitted
      by law, any interest payable on the defaulted interest at the Default Rate, to the persons who are Security holders of the Series on a subsequent special record date.  The Company shall fix the record date and payment date.  At least [  ] days before
      the record date, the Company shall mail to the Trustee and the Paying Agent and to each Securityholder of the Series a notice that states the record date, the payment date and the amount of interest to be paid.  The Company may pay defaulted interest
      in any other lawful manner.

     

    SECTION 2.14.          Global Securities.

     

    (a)          A Board Resolution, a
        supplemental indenture hereto or an Officers' Certificate shall establish whether the Securities of a Series shall be issued in whole or in part in the form of one or more Global Securities and the Depository for such Global Security or Securities.

     

    (b)          (i)            Notwithstanding any provisions to the contrary contained in Section 2.07 of the Indenture and in addition thereto, any Global Security shall be
        exchangeable pursuant to Section 2.07 of the Indenture for Securities registered in the names of Holders other than the Depository for such Security or its nominee only if (A) such Depository notifies the Company that it is unwilling or unable to
        continue as Depository for such Global Security or if at any time such Depository ceases to be a clearing agency registered under the Exchange Act, and, in either case, the Company fails to appoint a successor Depository within 90 days of such
        event, (B) the Company executes and delivers to the Trustee an Officers' Certificate to the effect that such Global Security shall be so exchangeable or (C) an Event of Default with respect to the Securities represented by such Global Security
        shall have happened and be continuing.

     

    (ii)          Except as
        provided in this Section 2.14(b), a Global Security may not be transferred except as a whole by the Depository with respect to such Global Security to a nominee of such Depository, by a nominee of such Depository to such Depository or another
        nominee of such Depository or by the Depository or any such nominee to a successor Depository or a nominee of such a successor Depository.

     

    (iii)         Securities
        issued in exchange for a Global Security or any portion thereof shall be issued in definitive, fully registered form, without interest coupons, shall have an aggregate principal amount equal to that of such Global Security or portion thereof to be
        so exchanged, shall be registered in such names and be in such authorized denominations as the Depository shall designate and shall bear the applicable legends provided for herein.  Any Global Security to be exchanged in whole shall be surrendered
        by the Depository to the Trustee, as Registrar.  With regard to any Global Security to be exchanged in part, either such Global Security shall be so surrendered for exchange or, if the Registrar is acting as custodian for the Depository or its
        nominee with respect to such Global Security, the principal amount thereof shall be reduced by an amount equal to the portion thereof to be so exchanged, by means of an appropriate adjustment made on the records of the Trustee.  Upon any such
        surrender or adjustment, the Trustee shall authenticate and deliver the Security issuable on such exchange to or upon the order of the Depository or an authorized representative thereof.

     

     

     

    
      
        

        

      

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    (iv)         The
        registered Holder may grant proxies and otherwise authorize any Person, including participants in the Depository and persons that may hold interests through participants in the Depository, to take any action which a Holder is entitled to take under
        this Indenture or the Securities.

     

    (v)          In the event
        of the occurrence of any of the events specified in 2.14(b)(i), the Company will promptly make available to the Trustee a reasonable supply of Certificated Securities in definitive, fully registered form, without interest coupons.  If (A) an event
        described in Section 2.14(b)(i)(A) or (B) occurs and definitive Certificated Securities are not issued promptly to all beneficial owners or (B) the Registrar receives from a beneficial owner instructions to obtain definitive Certificated Securities
        due to an event described in Section 2.14(b)(i)(C) and definitive Certificated Securities are not issued promptly to any such beneficial owner, the Company expressly acknowledges, with respect to the right of any Holder to pursue a remedy pursuant
        to Section 6.07 hereof, the right of any beneficial owner of Securities to pursue such remedy with respect to the portion of the Global Security that represents such beneficial owner's Securities as if such definitive certificated Securities had
        been issued.

     

    (vi)          Notwithstanding
        any provision to the contrary in this Indenture, so long as a Global Security remains outstanding and is held by or on behalf of the Depository, transfers of a Global Security, in whole or in part, or of any beneficial interest therein, shall only
        be made in accordance with Section 2.07, this Section 2.14(b) and the rules and procedures of the Depository for such Global Security to the extent applicable to such transaction and as in effect from time to time.

     

    (c)          Any Global Security issued
        hereunder shall bear a legend in substantially the following form:

     

    "This Security is a Global Security within the meaning of the Indenture hereinafter referred to and is registered in the name of the
      Depository or a nominee of the Depository.  This Security is exchangeable for Securities registered in the name of a person other than the Depository or its nominee only in the limited circumstances described in the Indenture, and may not be
      transferred except as a whole by the Depository to a nominee of the Depository, by a nominee of the Depository to the Depository or another nominee of the Depository or by the Depository or any such nominee to a successor Depository or a nominee of
      such a successor Depository."

     

    (d)          The Depository, as a Holder,
        may appoint agents and otherwise authorize participants to give or take any request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under the Indenture.

     

     

     

    
      
        

        

      

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    (e)          Notwithstanding the other
        provisions of this Indenture, unless otherwise specified as contemplated by Section 2.02, payment of the principal of and interest, if any, on any Global Security shall be made to the Holder thereof at their registered office.

     

    (f)          At all times the Securities are
        held in book-entry form with a Depository, (i) the Trustee may deal with such Depository as the authorized representative of the Holders, (ii) the rights of the Holders shall be exercised only through the Depository and shall be limited to those
        established by law and agreement between the Holders and the Depository and/or direct participants of the Depository, (iii) the Depository will make book-entry transfers among the direct participants of the Depository and will receive and transmit
        distributions of principal and interest on the Securities to such direct participants; and (iv) the direct participants of the Depository shall have no rights under this Indenture, or any supplement hereto, under or with respect to any of the
        Securities held on their behalf by the Depository, and the Depository may be treated by the Trustee and its agents, employees, officers and directors as the absolute owner of the Securities for all purposes whatsoever.

     

    SECTION 2.15.          CUSIP Numbers.

     

    The Company in issuing the Securities may use "CUSIP", "CCN", "ISIN" or other identification numbers (if then generally in use), and, if so,
      the Trustee shall use "CUSIP", "CCN", "ISIN" or such other identification numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers
      either as printed on the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other elements of identification printed on the Securities, and any such redemption shall not be affected by any defect in
      or omission of such numbers.

     

    ARTICLE III

      

       REDEMPTION

     

    SECTION 3.01.          Notice to Trustee.

     

    The Company may, with respect to any series of Securities, reserve the right to redeem and pay the Series of Securities or may covenant to
      redeem and pay the Series of Securities or any part thereof prior to the Stated Maturity thereof at such time and on such terms as provided for in such Securities.  If a Series of Securities is redeemable and the Company wants or is obligated to
      redeem prior to the Stated Maturity thereof all or part of the Series of Securities pursuant to the terms of such Securities, it shall notify the Trustee and Registrar in writing of the redemption date and the principal amount of Series of Securities
      to be redeemed.  The Company shall give the notice at least [  ] days before the redemption date (or such shorter notice as may be acceptable to the Trustee and Registrar).

     

    SECTION 3.02.          Selection of Securities to be Redeemed.

     

    Unless otherwise indicated for a particular Series by a Board Resolution, a supplemental indenture or an Officers' Certificate, if less than
      all the Securities of a Series are to be redeemed, the Registrar shall select the Securities of the Series to be redeemed in accordance with its customary procedures.  The Registrar shall make the selection from Securities of the Series outstanding
      not previously called for redemption.  The Registrar may select for redemption portions of the principal of Securities of the Series that have denominations larger than $1,000.  Securities of the Series and portions of them it selects shall be in
      amounts of $1,000 or whole multiples of $1,000 or, with respect to Securities of any Series issuable in other denominations pursuant to Section 2.02(g), the minimum principal denomination for each Series and integral multiples thereof.  Provisions of
      this Indenture that apply to Securities of a Series called for redemption also apply to portions of Securities of that Series called for redemption.

     

     

     

    
      
        

        

      

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    SECTION 3.03.          Notice of Redemption.

     

    Unless otherwise indicated for a particular Series by Board Resolution, a supplemental indenture hereto or an Officers' Certificate, at
      least [  ] days but not more than [  ] days before a redemption date, the Company shall mail a notice of redemption by first-class mail to each Holder whose Securities are to be redeemed.

     

    The notice shall identify the Securities of the Series to be redeemed and shall state:

     

    (a)          the redemption date;

     

    (b)          the redemption price;

     

    (c)          the name and address of the
        Paying Agent;

     

    (d)          that Securities of the Series
        called for redemption must be surrendered to the Paying Agent to collect the redemption price;

     

    (e)          that interest on Securities of
        the Series called for redemption ceases to accrue on and after the redemption date; and

     

    (f)          any other information as may be
        required by the terms of the particular Series or the Securities of a Series being redeemed.

     

    At the Company's written request, the Trustee shall distribute the notice of redemption prepared by the Company in the Company's name and at
      its expense.

     

    SECTION 3.04.          Effect of Notice of Redemption.

     

    Once notice of redemption is mailed or published as provided in Section 3.03, Securities of a Series called for redemption become due and
      payable on the redemption date and at the redemption price.  A notice of redemption may not be conditional.  Upon surrender to the Paying Agent, such Securities shall be paid at the redemption price plus accrued interest to the redemption date.

     

     

     

    
      
        

        

      

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    SECTION 3.05.          Deposit of Redemption Price.

     

    On or before the redemption date, the Company shall deposit with the Paying Agent money sufficient to pay the redemption price of and
      accrued interest, if any, on all Securities to be redeemed on that date.

     

    SECTION 3.06.          Securities Redeemed in Part.

     

    Upon surrender of a Security that is redeemed in part, the Trustee shall authenticate for the Holder a new Security of the same Series and
      the same maturity equal in principal amount to the unredeemed portion of the Security surrendered.

     

    

    

    ARTICLE IV

      

       COVENANTS

     

    SECTION 4.01.          Payment of Principal and Interest.

     

    The Company covenants and agrees for the benefit of the Holders of each Series of Securities that it will duly and punctually pay the
      principal of and interest, if any, on the Securities of that Series in accordance with the terms of such Securities and this Indenture. 

    

    

    Unless otherwise provided under the terms of a particular Series of Securities:

    

    

    (a)          an installment of principal or
        interest shall be considered paid on the date it is due if the Paying Agent (other than the Company) holds by [          ] [a].m., New York City time, on that date money, deposited by the Company or an Affiliate thereof, sufficient to pay such
        installment.  The Company shall (in immediately available funds), to the fullest extent permitted by law, pay interest on overdue principal and overdue installments of interest at the rate borne by the Securities per annum; and

     

    (b)          payment of the principal of and
        interest on the Securities shall be made at the office or agency of the Company maintained for that purpose in [          ] (which shall initially be [          ], the Paying Agent) in such coin or currency of the United States of America as at the
        time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of
        interest may be made by check mailed to the address of the Person entitled thereto as such address appears in the register; provided, further,
        that a Holder with an aggregate principal amount in excess of $[] will be paid by wire transfer in immediately available funds at the election of such Holder if such Holder has provided wire transfer instructions to the Company at least [  ]
        Business Days prior to the payment date.

     

    

    

    SECTION 4.02.          SEC Reports.

     

    So long as any Securities are outstanding, the Company shall (i) file with the SEC within the time periods prescribed by its rules and
      regulations and (ii) furnish to the Trustee and the Holders of the Securities within [  ] days after the date on which the Company would be required to file the same with the SEC pursuant to its rules and regulations (giving effect to any grace
      period provided by Rule 12b-25 under the Exchange Act), all quarterly and annual financial information required to be furnished or filed with the SEC pursuant to Section 13 and Section 15(d) of the Exchange Act and, with respect to the annual
      consolidated financial statements only, a report thereon by the Company's independent auditors.  The Company also shall comply with the other provisions of TIA Section 314(a).

     

     

     

    
      
        

        

      

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    Delivery of such reports, information and documents to the Trustee is for informational purposes only, and the Trustee's receipt of such
      shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company's compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely
      exclusively on Officers' Certificates).  The Company shall not be required to file any report or other information with the SEC if the SEC does not permit such filing, although such reports shall be furnished to the Trustee.  Documents filed by the
      Company with the SEC via the SEC's EDGAR system (or any successor thereto) will be deemed furnished to the Trustee and the Holders of the Securities as of the time such documents are filed via EDGAR (or such successor).

     

    SECTION 4.03.          Compliance Certificate.

     

    The Company shall deliver to the Trustee, within [   ] days after the end of each fiscal year of the Company, an officers certificate signed
      by two of the Company's officers stating that a review of the activities of the Company and its Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officers with a view to determining whether the Company
      has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to each such Officer signing such certificate, that to the best of his knowledge the Company has kept, observed, performed and fulfilled each
      and every covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions hereof (or, if a Default or Event of Default shall have occurred, describing all such Defaults or
      Events of Default of which he may have knowledge in reasonable detail and the efforts to remedy the same).  For purposes of this Section 4.03, compliance shall be determined without regard to any grace period or requirement of notice provided
      pursuant to the terms of this Indenture.

     

    The Company shall deliver to the Trustee, within [  ] days after the occurrence thereof, written notice in the form of an Officers'
      Certificate of any Event of Default described in Section 6.01(e), (f), (g) or (h) and any event of which it becomes aware that with the giving of notice or the lapse of time would become such an Event of Default, its status and what action the
      Company is taking or proposes to take with respect thereto.  For the avoidance of doubt, a breach of a covenant under an Instrument that is not a payment default and that has not given rise to a right of acceleration under such Instrument shall not
      trigger the requirement to provide notice under this paragraph.

     

     

     

    
      
        

        

      

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    SECTION 4.04.          Stay, Extension and Usury Laws.

     

    The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, plead, or in any manner
      whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture or the Securities; and the Company (to
      the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but will
      suffer and permit the execution of every such power as though no such law has been enacted.

     

    SECTION 4.05.          Corporate Existence.

     

    Subject to Article V, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its
      corporate existence and the corporate, partnership or other existence of each Subsidiary in accordance with the respective organizational documents of each Subsidiary and the rights (charter and statutory), licenses and franchises of the Company and
      its Subsidiaries; provided, however, that the Company shall not be required to preserve any such right, license or franchise, or the corporate, partnership or other existence of any Subsidiary, if the Board of Directors shall determine that the
      preservation thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries taken as a whole and that the loss thereof is not adverse in any material respect to the Holders.

     

    SECTION 4.06.          Taxes.

     

    The Company shall, and shall cause each of its Subsidiaries to, pay prior to delinquency all taxes, assessments and governmental levies,
      except as contested in good faith and by appropriate proceedings.

     

    SECTION 4.07.          Additional Interest Notice.

     

    In the event that the Company is required to pay additional interest to Holders of Securities pursuant to Section 6.02(b) hereof, the
      Company shall provide a direction or order in the form of a written notice to the Trustee (and if the Trustee is not the Paying Agent, the Paying Agent) of the Company's obligation to pay such additional interest no later than [   ] Business Days
      prior to date on which any such additional interest is scheduled to be paid.  Such notice shall set forth the amount of additional interest to be paid by the Company on such payment date and direct the Trustee (or, if the Trustee is not the Paying
      Agent, the Paying Agent) to make payment to the extent it receives funds from the Company to do so.  The Trustee shall not at any time be under any duty or responsibility to any Holder to determine whether additional interest is payable, or with
      respect to the nature, extent, or calculation of the amount of additional interest owed, or with respect to the method employed in such calculation of additional interest.

     

    SECTION 4.08.          Further Instruments and Acts.

     

    The Company will execute and deliver such further instruments and do such further acts as may be reasonably necessary or proper to carry out
      more effectively the purposes of this Indenture.

     

     

    
      
        

        

      

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    ARTICLE V  

      

       SUCCESSORS

     

    SECTION 5.01.          When Company May Merge, Etc.

     

    The Company shall not consolidate with, enter into a binding share exchange, or merge into any other Person in a transaction in which it is
      not the surviving entity, or sell, assign, convey, transfer or lease or otherwise dispose of all or substantially all of its properties and assets to any Person (a "successor person"), unless:

     

    (a)          the successor person (if any)
        is a corporation, partnership, trust or other entity organized and validly existing under the laws of the Republic of the Marshall Islands, [          ], the United States, any state of the United States or the District of Columbia and expressly
        assumes by a supplemental indenture executed and delivered to the Trustee, in form satisfactory to the Trustee, the due and punctual payment of the principal of, and any interest on, all Securities and the performance or observance of every
        covenant of this Indenture on the part of the Company to be performed or observed;

     

    (b)          immediately after giving effect
        to the transaction, no Default or Event of Default, shall have occurred and be continuing; and

     

    (c)          the Company shall have
        delivered to the Trustee, prior to the consummation of the proposed transaction, an Officers' Certificate to the foregoing effect and an Opinion of Counsel stating that the proposed transaction and such supplemental indenture comply with this
        Indenture.

     

    SECTION 5.02.          Successor Corporation Substituted.

     

    Upon any consolidation or merger, or any sale, lease, conveyance or other disposition of all or substantially all of the assets of the
      Company in accordance with Section 5.01, the successor person formed by such consolidation or into or with which the Company is merged or to which such sale, lease, conveyance or other disposition is made shall succeed to, and be substituted for, and
      may exercise every right and power of, the Company under this Indenture with the same effect as if such successor person has been named as the Company herein; provided, however, that the predecessor company in the case of a sale, lease, conveyance or
      other disposition of all or substantially all of the assets of the Company shall not be released from the obligation to pay the principal of and interest, if any, on the Securities.

     

    ARTICLE VI

      

       DEFAULTS AND REMEDIES

     

    SECTION 6.01.          Events of Default.

     

    "Event of Default," wherever used herein with respect to securities of any Series, means any one of the following events, unless in the
      establishing Board Resolution, supplemental indenture or Officers' Certificate, it is provided that such Series shall not have the benefit of said Event of Default:

     

     

     

    
      
        

        

      

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    (a)          default in the payment of any
        interest on any Security of that Series when it becomes due and payable, and continuance of such default for a period of 30 days (unless the entire amount of such payment is deposited by the Company with the Trustee or with a Paying Agent prior to
        the expiration of such period of 30 days); or

     

    (b)          default in the payment of any
        principal of any Security of that Series at its Maturity; or

     

    (c)          default in the deposit of any
        sinking fund payment, when and as due in respect of any Security of that Series; or

     

    (d)          the Company fails to perform or
        comply with any of its other covenants or agreements contained in the Securities or in this Indenture (other than a covenant or agreement a default in whose performance or whose breach is specifically dealt with in clauses (a), (b) or (c) of this
        Section 6.01) and the default continues for 60 days after notice is given as specified below;

     

    (e)          any indebtedness under any
        bond, debenture, note or other evidence of indebtedness for money borrowed by the Company or any Subsidiary or under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any
        indebtedness for money borrowed by, or any other payment obligation of, the Company or any Subsidiary (an "Instrument") with a principal amount then, individually or in the aggregate, outstanding in excess of $[], whether such indebtedness now
        exists or shall hereafter be created, is not paid at Maturity or when otherwise due or is accelerated, and such indebtedness is not discharged, or such default in payment or acceleration is not cured or rescinded, within a period of 30 days after
        there shall have been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least [  ]% in aggregate principal amount of the outstanding Securities of that Series a written
        notice specifying such default and requiring the Company to cause such indebtedness to be discharged or cause such default to be cured or waived or such acceleration to be rescinded or annulled and stating that such notice is a "Notice of Default"
        hereunder.  A payment obligation (other than indebtedness under any bond, debenture, note or other evidence of indebtedness for money borrowed by the Company or any Subsidiary or under any mortgage, indenture or instrument under which there may be
        issued or by which there may be secured or evidenced any indebtedness for money borrowed by the Company or any Subsidiary) shall not be deemed to have matured, come due, or been accelerated to the extent that it is being disputed by the relevant
        obligor or obligors in good faith.  For the avoidance of doubt, the Maturity of an Instrument is the Maturity as set forth in that Instrument, as it may be amended from time to time in accordance with the terms of that Instrument;

     

    (f)          the Company or any Subsidiary
        fails to pay one or more final and non-appealable judgments entered by a court or courts of competent jurisdiction, the aggregate uninsured or unbonded portion of which is in excess of $[          ], if the judgments are not paid, discharged,
        waived or stayed within [  ] days;

     

     

    
      
        

        

      

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    (g)          the Company or any Subsidiary
        of the Company, pursuant to or within the meaning of any Bankruptcy Law:

     

    (i)          commences a
        voluntary case or proceeding;

     

    (ii)         consents to
        the entry of an order for relief against it in an involuntary case or proceeding;

     

    (iii)        consents to
        the appointment of a Custodian of it or for all or substantially all of its property; or

     

    (iv)        makes a
        general assignment for the benefit of its creditors; or

     

    (v)         or generally
        is unable to pay its debts as the same become due; or

     

    (h)          a court of competent
        jurisdiction enters an order or decree under any Bankruptcy Law that:

     

    (i)          is for
        relief against the Company or any of its Subsidiaries in an involuntary case or proceeding;

     

    (ii)         appoints a
        Custodian of the Company or any of its Subsidiaries for all or substantially all of the property of the Company or any such Subsidiary; or

     

    (iii)        orders the
        liquidation of the Company or any of its Subsidiaries;

     

    and the case of each of clause (i), (ii) and (iii), the order or decree remains unstayed and in effect for [  ] consecutive days; or

     

    (i)          any other Event of Default
        provided with respect to Securities of that Series, which is specified in a Board Resolution, a supplemental indenture hereto or an Officers' Certificate, in accordance with Section 2.02(i).

     

    A default under clause (d) above is not an Event of Default until the Trustee notifies the Company, or the Holders of at least [  ]% in
      aggregate principal amount of the Securities then outstanding notify the Company and the Trustee, in writing of the default, and the Company does not cure the default within 60 days after receipt of such notice.  The notice given pursuant to this
      Section 6.01 must specify the default, demand that it be remedied and state that the notice is a "Notice of Default."  When any default under this Section 6.01 is cured, it ceases.

     

    The Trustee shall not be charged with knowledge of any Event of Default unless written notice thereof shall have been given to a Trust
      Officer at the Corporate Trust Office of the Trustee by the Company, a Paying Agent, any Holder or any agent of any Holder. 

     

    SECTION 6.02.          Acceleration of Maturity; Rescission and Annulment.

    
      
        

        

      

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    (a)          If an Event of Default (other
        than an Event of Default specified in clause (g) or (h) of Section 6.01) occurs and is continuing with respect to any Securities of any Series, then in every such case, the Trustee may, by notice to the Company, or the Holders of at least 25% in
        aggregate principal amount of the Securities of that Series (or, if any Securities of that Series are Discount Securities, such portion of the principal amount as may be specified in the terms of such Securities) then outstanding may, by notice to
        the Company and the Trustee, declare all unpaid principal of, and accrued and unpaid interest on to the date of acceleration, the Securities of that Series then outstanding (if not then due and payable) to be due and payable upon any such
        declaration, and the same shall become and be immediately due and payable.  If an Event of Default specified in clause (g) or (h) of Section 6.01 occurs, all unpaid principal of the Securities then outstanding, and all accrued and unpaid interest
        thereon to the date of acceleration, shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder.  The Holders of a majority in aggregate principal amount of the
        Securities of that Series then outstanding by notice to the Trustee may rescind an acceleration of such Securities of that Series and its consequences if (a) all existing Events of Default, other than the nonpayment of the principal of the
        Securities which has become due solely by such declaration of acceleration, have been cured or waived; (b) to the extent the payment of such interest is lawful, interest (calculated at the Default Rate) on overdue installments of interest and
        overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid; (c) the rescission would not conflict with any judgment or decree of a court of competent jurisdiction; and (d) all payments due to the
        Trustee and any predecessor Trustee under Section 7.07 have been made.  No such rescission shall affect any subsequent default or impair any right consequent thereto.

     

    (b)          Notwithstanding any of
        provision of this Article 6, at the election of the Company in its sole discretion, the sole remedy under this Indenture for an Event of Default relating to the failure to comply with Section 4.02, and for any failure to comply with the
        requirements of Section 314(a)(1) of the TIA, will consist, for the 180 days after the occurrence of such an Event of Default, exclusively of the right to receive additional interest on the Securities at a rate equal to 0.50% per annum of the
        aggregate principal amount of the Securities then outstanding up to, but not including, the 181st day thereafter (or, if applicable, the earlier date on which the Event of Default relating to Section 4.02 is cured or waived).  Any such additional
        interest will be payable in the same manner and on the same dates as the stated interest payable on the Securities.  In no event shall additional interest accrue under the terms of this Indenture at a rate in excess of 0.50% per annum, in the
        aggregate, for any violation or default caused by the failure of the Company to be current in respect of its Exchange Act reporting obligations.  If the Event of Default is continuing on the 181st day after an Event of Default relating to a failure
        to comply with Section 4.02, the Securities will be subject to acceleration as provided in this Section 6.02.  The provisions of this Section 6.02(b) will not affect the rights of Holders in the event of the occurrence of any other Events of
        Default.

     

    In order to elect to pay additional interest as the sole remedy during the first 180 days after the occurrence of an Event of Default
      relating to the failure to comply with Section 4.02 in accordance with the immediately preceding paragraph, the Company shall notify all Holders and the Trustee and Paying Agent of such election on or before the close of business on the fifth
      Business Day after the date on which such Event of Default otherwise would occur.  Upon a failure by the Company to timely give such notice or pay additional interest, the Securities will be immediately subject to acceleration as otherwise provided
      in this Section 6.02.

     

     

    
      
        

        

      

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    SECTION 6.03.          Collection of Indebtedness and Suits for Enforcement by Trustee.

     

    If an Event of Default with respect to any Securities of any Series occurs and is continuing, the Trustee may in its discretion proceed to
      protect and enforce its rights and the rights of the Holders of Securities of such Series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement
      of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy.

     

    If an Event of Default in the payment of principal, interest, if any, specified in clause (a) or (b) of Section 6.01 occurs and is
      continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company or another obligor on the Securities for the whole amount of principal, and accrued interest remaining unpaid, if any, together with,
      to the extent that payment of such interest is lawful, interest on overdue principal, on overdue installments of interest, if any, in each case at the Default Rate, and such further amount as shall be sufficient to cover the costs and expenses of
      collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel.

     

    SECTION 6.04.          Trustee May File Proofs of Claim.

     

    In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or
      other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities shall then be
      due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention
      in such proceeding or otherwise,

     

    (a)          to file and prove a claim for
        the whole amount of principal and interest owing and unpaid in respect of the Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable
        compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and

     

    (b)          to collect and receive any
        moneys or other property payable or deliverable on any such claims and to distribute the same, and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized
        by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses,
        disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07.

     

    
      
        

        

      

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    Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any
      plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.

     

    SECTION 6.05.          Trustee May Enforce Claims Without Possession of Securities.

     

    All rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession
      of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after
      provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered.

     

    SECTION 6.06.          Application of Money Collected.

     

    Any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the
      Trustee and, in case of the distribution of such money on account of principal or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: and

     

    First: To the payment of all amounts
      due the Trustee under Section 7.07;

     

    Second: To the payment of the amounts
      then due and unpaid for principal of and interest on the Securities in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such
      Securities for principal and interest, respectively; and

     

    Third: To the Company.

     

    SECTION 6.07.          Limitation on Suits.

     

    No Holder of any Security of any Series shall have any right to institute any proceeding, judicial or otherwise, with respect to this
      Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder (except actions for payment of overdue principal and interest), unless:

     

    (a)          such Holder has previously
        given written notice to the Trustee of a continuing Event of Default with respect to the Securities of that Series;

     

    (b)          the Holders of not less than [ 
        ]% in principal amount of the outstanding Securities of that Series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder;

     

    (c)          such Holder or Holders have
        offered to the Trustee indemnity satisfactory to it against the costs, expenses and liabilities to be incurred in compliance with such request;

     

     

    
      
        

        

      

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    (d)          the Trustee for [  ] days after
        its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and

     

    (e)          no direction inconsistent with
        such written request has been given to the Trustee during such [  ]-day period by the Holders of a majority in principal amount of the outstanding Securities of that Series; it being understood and intended that no one or more of such Holders shall
        have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other
        of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all such Holders.

     

    SECTION 6.08.          Unconditional Right of Holders to Receive Principal and Interest.

     

    Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional,
      to receive payment of the principal of and interest, if any, on such Security on the Stated Maturity or Stated Maturities expressed in such Security (or, in the case of redemption, on the redemption date) and to institute suit for the enforcement of
      any such payment, and such rights shall not be impaired without the consent of such Holder.

     

    SECTION 6.09.          Restoration of Rights and Remedies.

     

    If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been
      discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be restored
      severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted.

     

    SECTION 6.10.          Rights and Remedies Cumulative.

     

    Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in Section 2.08,
      no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every
      other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise.  The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other
      appropriate right or remedy.

     

    SECTION 6.11.          Delay or Omission Not Waiver.

     

    No delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of Default
      shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein.  Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as
      often as may be deemed expedient, by the Trustee or by the Holders, as the case may be.

     

     

    
      
        

        

      

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    SECTION 6.12.          Control by Holders.

     

    The Holders of a majority in principal amount of the outstanding Securities of any Series shall have the right to direct the time, method
      and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities of such Series, provided that

     

    (a)          such direction shall not be in
        conflict with any rule of law or with this Indenture,

     

    (b)          the Trustee may take any other
        action deemed proper by the Trustee which is not inconsistent with such direction; and

     

    (c)          subject to the provisions of
        Section 6.01, the Trustee shall have the right to decline to follow any such direction if the Trustee in good faith shall, by a Responsible Officer of the Trustee, determine that the proceeding so directed would involve the Trustee in personal
        liability or would be unduly prejudicial to the rights of another Holder or the Trustee.

     

    SECTION 6.13.          Waiver of Past Defaults.

     

    Subject to Section 9.02, the Holders of not less than a majority in principal amount of the outstanding Securities of any Series may on
      behalf of the Holders of all the Securities of such Series waive any past Default hereunder with respect to such Series and its consequences, except a Default in the payment of the principal of or interest on any Security of such Series (provided,
      however, that the Holders of a majority in principal amount of the outstanding Securities of any Series may rescind an acceleration and its consequences, including any related payment default that resulted from such acceleration).  Upon any such
      waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right
      consequent thereon.

     

    SECTION 6.14.          Undertaking for Costs.

     

    All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any
      court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such
      suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys' fees, against any party litigant in such suit, having due regard to the merits and good faith of
      the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Company, to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in
      the aggregate more than [  ]% in principal amount of the outstanding Securities of any Series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of or interest on any Security on or after the Stated Maturity
      or Stated Maturities expressed in such Security (or, in the case of redemption, on the redemption date).

     

    
      
        

        

      

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    ARTICLE VII

      

       TRUSTEE

     

    SECTION 7.01.          Duties of Trustee.

     

    (a)          If an Event of Default has
        occurred and is continuing, the Trustee shall exercise the rights and powers vested in it by this Indenture and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct
        of his own affairs.

     

    (b)          Except during the continuance
        of an Event of Default:

     

    (i)          The Trustee 
        need perform only those duties that are specifically set forth in this Indenture and no implied duties, covenants or obligations shall be deemed to be imposed upon the Trustee.

     

    (ii)          in the
        absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon Officers' Certificates or Opinions of Counsel furnished to the Trustee and conforming
        to the requirements of this Indenture; however, in the case of any such Officers' Certificates or Opinions of Counsel which by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such Officers'
        Certificates and Opinions of Counsel to determine whether or not they conform on their face to the requirements of this Indenture.

     

    (c)          The Trustee may not be relieved
        from liability for its own its own negligent action, its own negligent failure to act or willful misconduct, except that:

     

    (i)          This
        paragraph does not limit the effect of paragraph (b) of Section 7.01 herein.

     

    (ii)         The Trustee
        shall not be liable for any error of judgment made in good faith by a Responsible Officer.

     

    (iii)        The Trustee
        shall not be liable with respect to any action taken, suffered or omitted to be taken by it with respect to Securities of any Series in good faith in accordance with the direction of the Holders of a majority in principal amount of the outstanding
        Securities of such Series relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities
        of such Series.

     

    (d)          Every provision of this
        Indenture that in any way relates to the Trustee is subject to paragraph (a), (b) and (c) of this Section.

     

    

      

      

    

     

    
      
        

        

      

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    (e)          The Trustee may refuse to
        perform any duty or exercise any right or power unless it receives an indemnity satisfactory to it against any loss, liability or expense.

     

    (f)          The Trustee shall not be liable
        for interest on any money received by it except as the Trustee may agree in writing with the Company.  Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law.

     

    (g)          No provision of this Indenture
        shall require the Trustee to risk or expend its own funds or otherwise incur liability, financial or otherwise, in the performance of any of its duties, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for
        believing that repayment of such funds or indemnity satisfactory to it against such risk is not reasonably assured to it.

     

    (h)          The Paying Agent, the Registrar
        and any authenticating agent shall be entitled to the same rights, indemnities, protections and immunities afforded to the Trustee.

     

    (i)          The Trustee shall have no duty
        to monitor the performance or compliance of the Company with its obligations hereunder or any under supplement hereto, nor shall it have any liability in connection with the malfeasance or nonfeasance by the Company.  The Trustee shall have no
        liability in connection with compliance by the Company with statutory or regulatory requirements related to this Indenture, any supplement or any Securities issued pursuant hereto or thereto.

     

    SECTION 7.02.          Rights of Trustee.

     

    (a)          The Trustee may conclusively
        rely on and shall be fully protected in acting or refraining from acting as a result of its reasonable belief that any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, direction, approval or other
        paper or document was genuine and had been signed or presented by the proper person.  The Trustee need not investigate any fact or matter stated in the document, but the Trustee, in its discretion, may make such further inquiry or investigation
        into such facts or matters as it sees fit.

     

    (b)          Before the Trustee acts or
        refrains from acting, it may require an Officers' Certificate or an Opinion of Counsel or both.  The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers' Certificate or Opinion of Counsel.

     

    (c)          The Trustee may act through
        agents and shall not be responsible for the misconduct or negligence of, or for the supervision of, any agent appointed with due care.  No Depository shall be deemed an agent of the Trustee and the Trustee shall not be responsible for any act or
        omission by any Depository.

     

    (d)          The Trustee shall not be liable
        for any action it takes or omits to take in good faith which it believes to be authorized or within its rights or powers.

     

    (e)          The Trustee may consult with
        counsel of its selection and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon.

     

    
      
        

        

      

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    (f)          The Trustee shall be under no
        obligation to exercise any of the rights or powers vested in it by or pursuant to this Indenture at the request, order or direction of any of the Holders of Securities, unless such Holders shall have offered to the Trustee reasonable security or
        indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction.

     

    SECTION 7.03.          Individual Rights of Trustee.

     

    The Trustee, in its individual or any other capacity, may become the owner or pledgee of Securities and may otherwise deal with the Company
      or an Affiliate with the same rights it would have if it were not Trustee.  Any Agent may do the same with like rights.  The Trustee is also subject to Sections 7.10 and 7.11.

     

    SECTION 7.04.          Trustee's Disclaimer.

     

    The Trustee makes no representation as to the validity or adequacy of this Indenture or the Securities and the recitals contained herein and
      in the Securities shall be taken as statements of the Company and not of the Trustee, and the Trustee has no responsibility for such recitals. The Trustee shall not be accountable for the Company's use or application of the proceeds from the
      Securities or for monies paid over to the Company pursuant to this Indenture, and it shall not be responsible for any statement in the Securities other than its authentication.

     

    SECTION 7.05.          Notice of Defaults.

     

    If a Default or Event of Default occurs and is continuing with respect to the Securities of any Series and if a Responsible Officer of the
      Trustee has knowledge or receives written notice of such event, the Trustee shall mail to each Securityholder of the Securities of that Series, notice of a Default or Event of Default within [  ] days after it occurs or, if later, after a Responsible
      Officer of the Trustee has actual knowledge of such Default or Event of Default.  Except in the case of a Default or Event of Default in payment of principal of or interest on any Security of any Series, including any additional interest that may
      become payable pursuant to Section 6.02(b), the Trustee may withhold the notice so long as the Trustee in good faith determines that withholding the notice is in the interests of Securityholders of that Series.

     

    SECTION 7.06.          Reports by Trustee to Holders.

     

    Within [  ] days after [          ] in each
        year, the Trustee shall transmit by mail to all Securityholders, as their names and addresses appear on the register kept by the Registrar, a brief report dated as of such [          ], in accordance with, and to the extent required under, TIA
        Section 313.

     

    A copy of each report at the time of its mailing to Securityholders of any Series shall be filed with the SEC and each stock exchange on
      which the Securities of that Series are listed.  The Company shall promptly notify the Trustee when Securities of any Series are listed on any stock exchange.

     

     

     

    
      
        

        

      

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    SECTION 7.07.          Compensation and Indemnity.

     

    The Company shall pay to the Trustee from time to time such compensation for its services as shall be agreed upon in writing.  The Trustee's
      compensation shall not be limited by any law on compensation of a trustee of an express trust.  The Company shall reimburse the Trustee upon request for all reasonable out-of-pocket expenses, disbursements and advances incurred by it.  Such expenses
      shall include the reasonable compensation and expenses of the Trustee's agents, counsel and other persons not regularly in its employ.

     

    The Company shall indemnify, defend and hold harmless the Trustee and its officers, directors, employees, representatives and agents, from
      and against and reimburse the Trustee for any and all claims, expenses, obligations, liabilities, losses, damages, injuries (to person, property, or natural resources), penalties, stamp or other similar taxes, actions, suits, judgments, reasonable
      costs and expenses (including reasonable attorney's and agent's fees and expenses) of whatever kind or nature regardless of their merit, demanded, asserted or claimed against the Trustee directly or indirectly relating to, or arising from, claims
      against the Trustee by reason of its participation in the transactions contemplated hereby, including without limitation all reasonable costs required to be associated with claims for damages to persons or property, and reasonable attorneys' and
      consultants' fees and expenses and court costs except to the extent caused by the Trustee's negligence or willful misconduct.  The provisions of this Section 7.07 shall survive the termination of this Agreement or the earlier resignation or removal
      of the Trustee.  The Company shall defend any claim and the Trustee shall cooperate in the defense.  The Trustee may have separate counsel and the Company shall pay the reasonable fees and expenses of such counsel.  The Company need not pay for any
      settlement made without its consent, which consent shall not be unreasonably withheld or delayed.  This indemnification shall apply to officers, directors, employees, shareholders and agents of the Trustee.

     

    The Company need not reimburse any expense or indemnify against any loss liability incurred by the Trustee or by any officer, director,
      employee, shareholder or agent of the Trustee through negligence or bad faith.

     

    To secure the Company's payment obligations in this Section, the Trustee shall have a lien prior to the Securities of any Series on all
      money or property held or collected by the Trustee, except that held in trust to pay principal and interest on particular Securities of that Series.

     

    When the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.01(f) or (g) occurs, the expenses and
      the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law.

     

    SECTION 7.08.          Replacement of Trustee.

     

    A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee's
      acceptance of appointment as provided in this Section.

     

    The Trustee may resign with respect to the Securities of one or more Series by so notifying the Company.  The Holders of a majority in
      principal amount of the Securities of any Series may remove the Trustee with respect to that Series by so notifying the Trustee and the Company.  The Company may remove the Trustee with respect to Securities of one or more Series if:

     

    
      
        

        

      

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    (a)          the Trustee fails to comply
        with Section 7.10;

     

    (b)          the Trustee is adjudged a
        bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any Bankruptcy Law;

     

    (c)          a Custodian or public officer
        takes charge of the Trustee or its property; or

     

    (d)          the Trustee becomes incapable
        of acting.

     

    If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company shall promptly appoint a
      successor Trustee.  Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the then outstanding Securities may appoint a successor Trustee to replace the successor Trustee appointed by the Company.

     

    If a successor Trustee with respect to the Securities of any one or more Series does not take office within [  ] days after the retiring
      Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of at least [  ]% in principal amount of the Securities of the applicable Series may petition any court of competent jurisdiction for the appointment of a successor
      Trustee.

     

    A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company.  Immediately after
      that, the retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee subject to the lien provided for in Section 7.07, and subject to the payment of any and all amounts then due and owing to the retiring Trustee, the
      resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee with respect to each Series of Securities for which it is acting as Trustee under this
      Indenture.  A successor Trustee shall mail a notice of its succession to each Securityholder of each such Series.  Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Company's obligations under Section 7.07 hereof shall
      continue for the benefit of the retiring trustee with respect to expenses and liabilities incurred by it prior to such replacement.

     

    SECTION 7.09.          Successor Trustee by Merger, etc.

     

    If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business to, another
      corporation, the successor corporation without any further act shall be the successor Trustee with the same effect as if the successor Trustee had been named as the Trustee herein.

     

    SECTION 7.10.          Eligibility; Disqualification.

     

    This Indenture shall always have a Trustee who satisfies the requirements of TIA Section 310(a)(1), (2) and (5).  The Trustee shall always
      have a combined capital and surplus of at least $25,000,000 as set forth in its most recent published annual report of condition.  The Trustee shall comply with TIA Section 310(b).

     

     

    
      
        

        

      

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    SECTION 7.11.          Preferential Collection of Claims Against Company.

     

    The Trustee is subject to TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b).  A Trustee who has resigned
      or been removed shall be subject to TTA Section 311(a) to the extent indicated.

     

    

    

    ARTICLE VIII

      

       SATISFACTION AND DISCHARGE; DEFEASANCE

     

    SECTION 8.01.          Satisfaction and Discharge of Indenture.

     

    This Indenture shall upon Company Order cease to be of further effect (except as hereinafter provided in this Section 8.01), and the
      Trustee, on the demand of and at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when

     

    (a)          either

     

    (i)          all
        Securities theretofore authenticated and delivered (other than Securities that have been destroyed, lost or stolen and that have been replaced or paid) have been delivered to the Trustee for cancellation; or

     

    (ii)          all such
        Securities not theretofore delivered to the Trustee for cancellation have become due and payable, or

     

    (1)          have become
        due and payable, or

     

    (2)          will become
        due and payable at their Stated Maturity within [          ], or

     

    (3)          are to be called for redemption within [          ] under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and
        at the expense, of the Company, or

     

    (4)          are deemed
        paid and discharged pursuant to section 8.03, as applicable; and the Company, in the case of (1), (2) or (3) above, has deposited or caused to be deposited with the Trustee as trust funds in trust an amount sufficient for the purpose of paying and
        discharging the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal and interest to the date of such deposit (in the case of Securities which have become due and payable on or prior to the
        date of such deposit) or to the Stated Maturity or redemption date, as the case may be;

     

    
      
        

        

      

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    (b)          the Company has paid or caused
        to be paid all other sums payable hereunder by the Company; and

     

    (c)          the Company has delivered to
        the Trustee an Officers' Certificate and an Opinion of Counsel, each meeting the applicable requirements of Sections 10.04 and 10.05 and each stating that all conditions precedent herein relating to the satisfaction and discharge of this Indenture
        have been complied with and the Trustee receives written demand from the Company to discharge.

     

    Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 7.07, and, if
      money shall have been deposited with the Trustee pursuant to clause (a) of this Section, the provisions of Sections 2.04, 2.07, 2.08, 8.01 8.02 and 8.05 shall survive.

     

    SECTION 8.02.          Application of Trust Funds; Indemnification.

     

    (a)          Subject to the provisions of
        Section 8.05, all money deposited with the Trustee pursuant to Section 8.01, all money and U.S. Government Obligations or Foreign Government Obligations deposited with the Trustee pursuant to Section 8.03 or 8.04 and all money received by the
        Trustee in respect of U.S. Government Obligations or Foreign Government Obligations deposited with the Trustee pursuant to Section 8.03 or 8.04, shall be held in trust and applied by it, in accordance with the provisions of the Securities and this
        Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the persons entitled thereto, of the principal and interest for whose payment such money
        has been deposited with or received by the Trustee or to make mandatory sinking fund payments or analogous payments as contemplated by Sections 8.03 or 8.04.

     

    (b)          The Company shall pay and shall
        indemnify the Trustee and the Agents against any tax, fee or other charge imposed on or assessed against U.S. Government Obligations or Foreign Government Obligations deposited pursuant to Sections 8.03 or 8.04 or the interest and principal
        received in respect of such obligations other than any payable by or on behalf of Holders.

     

    (c)          The Trustee shall, in
        accordance with the terms of this Indenture, deliver or pay to the Company from time to time, upon Company Request and at the expense of the Company any U.S. Government Obligations or Foreign Government Obligations or money held by it pursuant to
        this Indenture as provided in Sections 8.03 or 8.04 which, in the opinion of a nationally recognized firm of independent certified public accountants, expressed in a written certification thereof and delivered to the Trustee together with such
        Company Request, are then in excess of the amount thereof which then would have been required to be deposited for the purpose for which such U.S. Government Obligations or Foreign Government Obligations or money were deposited or received.  This
        provision shall not authorize the sale by the Trustee of any U.S. Government Obligations or Foreign Government Obligations held under this Indenture.

     

    
      
        

        

      

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    SECTION 8.03.          Legal Defeasance of Securities of any Series.

     

    Unless this Section 8.03 is otherwise specified, pursuant to Section 2.02(s), to be inapplicable to Securities of any Series, the Company
      shall be deemed to have paid and discharged the entire indebtedness on all the outstanding Securities of such Series on the [   ] day after the date of the deposit referred to in subparagraph (d) hereof, and the provisions of this Indenture, as it
      relates to such outstanding Securities of such Series, shall no longer be in effect (and the Trustee, at the expense of the company, shall, at Company Request, execute proper instruments acknowledging the same), except as to:

     

    (a)          the rights of Holders of
        Securities of such Series to receive, from the trust funds described in subparagraph (d) hereof, (i) payment of the principal of and each installment of principal of and interest on the outstanding Securities of such Series on the Stated Maturity
        of such principal or installment of principal or interest and (ii) the benefit of any mandatory sinking fund payments applicable to the Securities of such Series on the day on which such payments are due and payable in accordance with the terms of
        this Indenture and the Securities of such Series;

     

    (b)          the provisions of Sections
        2.04, 2.07, 2.08, 2.14, 8.02, 8.03 and 8.05; and

     

    (c)          the rights, powers, trust and
        immunities of the Trustee hereunder; provided that, the following conditions shall have been satisfied:

     

    (d)          the Company shall have
        deposited or caused to be deposited irrevocably with the Paying Agent as trust funds in trust for the purpose of making the following payments, specifically pledged as security for and dedicated solely to the benefit of the Holders of such
        Securities in the case of Securities of such Series denominated in Dollars, cash in Dollars (or such other money or currencies as shall then be legal tender in the United States) and/or U.S. Government Obligations, or (ii) in the case of Securities
        of such Series denominated in a Foreign Currency (other than a composite currency), money and/or Foreign Government Obligations, which through the payment of interest and principal in respect thereof, in accordance with their terms, will provide
        (and without reinvestment and assuming no tax liability will be imposed on such Paying Agent), not later than [   ] day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a nationally recognized firm of
        independent public accountants expressed in a written certification thereof delivered to the Trustee and the Paying Agent, to pay and discharge each installment of principal (including mandatory sinking fund or analogous payments) of and interest,
        if any, on all the Securities of such Series on the dates such installments of interest or principal are due;

     

    (e)          such deposit will not result in
        a breach or violation of, or constitute a default under, this Indenture or any other agreement or instrument to which the Company is a party or by which it is bound;

     

    (f)          no Default or Event of Default
        with respect to the Securities of such Series shall have occurred and be continuing on the date of such deposit or during the period ending on the [    ] day after such date;

     

     

    
      
        

        

      

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    (g)          the Company shall have
        delivered to the Trustee an Officers' Certificate and an Opinion of Counsel to the effect that (i) the Company has received from, or there has been published by, the Internal Revenue Service a ruling, or (ii) since the date of execution of this
        Indenture, there has been a change in the applicable Federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the Securities of such Series will not recognize income,
        gain or loss for Federal income tax purposes as a result of such deposit, defeasance and discharge and will be subject to Federal income tax on the same amount and in the same manner and at the same times as would have been the case if such
        deposit, defeasance and discharge had not occurred;

     

    (h)          the Company shall have
        delivered to the Trustee an Officers' Certificate stating that the deposit was not made by the Company with the intent of preferring the Holders of the Securities of such Series over any other creditors of the company or with the intent of
        defeating, hindering, delaying or defrauding any other creditors of the Company;

     

    (i)          such deposit shall not result
        in the trust arising from such deposit constituting an investment company (as defined in the Investment Company Act of 1940, as amended), or such trust shall be qualified under such Act or exempt from regulation thereunder; and

     

    (j)          the Company shall have
        delivered to the Trustee an Officers' Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for relating to the defeasance contemplated by this Section have been complied with.

     

    SECTION 8.04.          Covenant Defeasance.

     

    Unless this Section 8.04 is otherwise specified pursuant to Section 2.02(s) to be inapplicable to Securities of any Series, on and after the
      [    ] day after the date of the deposit referred to in subparagraph (a) hereof, the Company may omit to comply with any term, provision or condition set forth under Sections 4.02, 4.03, 4.04, 4.05, 4.06, and 5.01 as well as any additional covenants
      contained in a supplemental indenture hereto for a particular Series of Securities or a Board Resolution or an Officers' Certificate delivered pursuant to Section 2.02(s) (and the failure to comply with any such covenants shall not constitute a
      Default or Event of Default under Section 6.01) and the occurrence of any event described in clause (e) of Section 6.01 shall not constitute a Default or Event of Default hereunder, with respect to the Securities of such Series, provided that the
      following conditions shall have been satisfied:

     

    (a)          With reference to this Section
        8.04, the Company has deposited or caused to be irrevocably deposited (except as provided in Section 8.02(c)) with the Paying Agent as trust funds in trust, specifically pledged as security for, and dedicated solely to, the benefit of the Holders
        of such Securities (i) in the case of Securities of such Series denominated in Dollars, cash in Dollars (or such other money or currencies as shall then be legal tender in the United States) and/or U.S. Government Obligations, or (ii) in the case
        of Securities of such Series denominated in a Foreign Currency (other than a composite currency), money and/or Foreign Government Obligations, which through the payment of interest and principal in respect thereof, in accordance with their terms,
        will provide (and without reinvestment and assuming no tax liability will be imposed on such Paying Agent), not later than [   ] day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a nationally
        recognized firm of independent certified public accountants expressed in a written certification thereof delivered to the Paying Agent, to pay principal and interest, if any, on and any mandatory sinking fund in respect of the Securities of such
        Series on the dates such installments of interest or principal are due;

     

     

     

    
      
        

        

      

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    (b)          Such deposit will not result in
        a breach or violation of, or constitute a default under, this Indenture or any other agreement or instrument to which the Company is a party or by which it is bound;

     

    (c)          No Default or Event of Default
        with respect to the Securities of such Series shall have occurred and be continuing on the date of such deposit or during the period ending on the [    ] day after such date;

     

    (d)          the company shall have
        delivered to the Trustee an Opinion of Counsel confirming that Holders of the Securities of such Series will not recognize income, gain or loss for federal income tax purposes as a result of such deposit and defeasance and will be subject to
        federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such deposit and defeasance had not occurred;

     

    (e)          the Company shall have
        delivered to the Trustee an Officers' Certificate stating the deposit was not made by the Company with the intent of preferring the Holders of the Securities of such Series over any other creditors of the Company or with the intent of defeating,
        hindering, delaying or defrauding any other creditors of the Company; and

     

    (f)          The Company shall have
        delivered to the Trustee an Officers' Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the defeasance contemplated by this Section have been complied with.

     

    SECTION 8.05.          Repayment to Company.

     

    The Paying Agent shall pay to the Company upon request any money held by them for the payment of principal and interest that remains
      unclaimed for two years.  After that, Securityholders entitled to the money must look to the Company for payment as general creditors unless an applicable abandoned property law designates another person and all liability of the Paying Agent with
      respect to that money shall cease.

     

    

    

    ARTICLE IX

      

       AMENDMENTS AND WAIVERS

     

    SECTION 9.01.          Without Consent of Holders.

     

    The Company and the Trustee may amend or supplement this Indenture or the Securities of one or more Series without the consent of any
      Securityholder:

     

    (a)          to cure any ambiguity, defect
        or inconsistency;

     

    (b)          to comply with Article V;

     

     

     

    
      
        

        

      

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    (c)          to provide for uncertificated
        Securities in addition to or in place of certificated Securities;

     

    (d)          to make any change that does
        not adversely affect the rights of any Securityholder;

     

    (e)          to provide for the issuance of
        and establish the form and terms and conditions of Securities of any Series as permitted by this Indenture;

     

    (f)          to evidence and provide for the
        acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more Series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of
        the trusts hereunder by more than one Trustee;

     

    (g)          to comply with requirements of
        the TIA and any rules promulgated under the TIA; and

     

    (h)          to add to the covenants of the
        Company for the equal and ratable benefit of the Holders or to surrender any right, power or option conferred upon the Company.

     

    Any amendment or supplement made solely to conform the provisions of this Indenture or the Securities of any Series to the description
      thereof contained in the final prospectus relating to such Series will be deemed not to adversely affect the rights of any Holder.

     

    SECTION 9.02.          With Consent of Holders.

     

    The Company and the Trustee may enter into a supplemental indenture with the written consent of the Holders of at least a majority in
      principal amount of the outstanding Securities of all Series affected by such supplemental indenture, taken together as one class (including consents obtained in connection with a tender offer or exchange offer for the Securities of such Series), for
      the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the Securityholders of each such Series.  Except as
      provided in Section 6.13, the Holders of at least a majority in principal amount of the outstanding Securities of all Series affected by such waiver by notice to the Trustee, taken together as one class (including consents obtained in connection with
      a tender offer or exchange offer for the Securities of such Series) may waive compliance by the Company with any provision of this Indenture or the Securities with respect to such Series.

     

    It shall not be necessary for the consent of the Holders of Securities under this Section 9.02 to approve the particular form of any
      proposed supplemental indenture or waiver, but it shall be sufficient if such consent approves the substance thereof.  After a supplemental indenture or waiver under this section becomes effective, the Company shall mail to the Holders of Securities
      affected thereby a notice briefly describing the supplemental indenture or waiver.  Any failure by the Company to mail or publish such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such
      supplemental indenture or waiver.

     

     

    
      
        

        

      

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    SECTION 9.03.          Limitations.

     

    Without the consent of each Securityholder affected, an amendment or waiver may not:

     

    (a)          change the amount of Securities
        whose Holders must consent to an amendment, supplement or waiver, except to increase any such amount or to provide that certain provisions of this Indenture cannot be modified, amended or waived without the consent of the Holder of each outstanding
        Security affected thereby;

     

    (b)          reduce the amount of interest,
        or change the interest payment time, on any Security;

     

    (c)          waive a redemption payment or
        alter the redemption provisions (other than any alteration that would not materially adversely affect the legal rights of any Holder under this Indenture) or the price at which the Company is required to offer to purchase the Securities;

     

    (d)          reduce the principal or change
        the Stated Maturity of any Security or reduce the amount of, or postpone the date fixed for, the payment of any sinking fund or analogous obligation;

     

    (e)          reduce the principal amount
        payable of any Security upon Maturity;

     

    (f)           waive a Default or Event of
        Default in the payment of the principal of or interest, if any, on any Security (except a rescission of acceleration of the Securities of any Series by the Holders of at least a majority in principal amount of the outstanding Securities of such
        Series and a waiver of the payment default that resulted from such acceleration);

     

    (g)          change the place or currency of
        payment of principal of or interest, if any, on any Security other than that stated in the Security;

     

    (h)          impair the right of any Holder
        to receive payment of principal or, or interest on, the Securities of such Holder on or after the due dates therefor;

     

    (i)           impair the right to institute
        suit for the enforcement of any payment on, or with respect to, any Security;

     

    (j)           make any change in Sections
        10.15 or 10.16;

     

    (k)          change the ranking of the
        Securities; or

     

    (l)           make any other change which is
        specified in a Board Resolution, a supplemental indenture hereto or an Officers' Certificate as a limitation under this Section.

     

    SECTION 9.04.          Compliance with Trust Indenture Act.

     

    Every amendment to this Indenture or the Securities of one or more Series shall be set forth in a supplemental indenture hereto that
      complies with the TIA as then in effect.

     

     

     

    
      
        

        

      

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    SECTION 9.05.          Revocation and Effect of Consents.

     

    Until an amendment or waiver becomes effective, a consent to it by a Holder of a Security is a continuing consent by the Holder and every
      subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder's Security, even if notation of the consent is not made on any Security.  However, any such Holder or subsequent Holder may revoke the
      consent as to his Security or portion of a Security if the Trustee receives the notice of revocation before the date the amendment or waiver becomes effective.

     

    Any amendment or waiver once effective shall bind every Securityholder of each Series affected by such amendment or waiver unless it is of
      the type described in any of clauses (a) through (g) of Section 9.03 in that case, the amendment or waiver shall bind each Holder of a Security who has consented to it and every subsequent Holder of a Security or portion of a Security that evidences
      the same debt as the consenting Holder's Security.

     

    SECTION 9.06.          Notation on or Exchange of Securities.

     

    If an amendment, supplement or waiver changes the terms of a Security, the Trustee may require the Holder of the Security to deliver it to
      the Trustee and the Trustee may place an appropriate notation on the Security about the changed terms and return it to the Holder.  Alternatively, if the Company or the Trustee so determines, the Company shall issue and the Trustee shall authenticate
      upon request new Securities of that Series that reflect the changed terms.

     

    SECTION 9.07.          Trustee Protected.

     

    In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications
      thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 7.01) shall be fully protected in relying upon, an Opinion of Counsel or an Officer's Certificate, or both stating that the execution
      of such supplemental indenture is authorized or permitted by this Indenture.  The Trustee shall sign all supplemental indentures, except that the Trustee need not sign any supplemental indenture that adversely affects its rights, duties or
      indemnities.

     

    SECTION 9.08.          Effect of Supplemental Indenture.

     

    Upon the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and each such
      supplemental indenture shall form part of this Indenture for all purposes with respect to the relevant Series; and every Holder of Securities of the relevant Series theretofore or thereafter authenticated and delivered hereunder shall be bound
      thereby.

     

    

       

     

    
      
        

        

      

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    ARTICLE X

      

      

       MISCELLANEOUS

     

    SECTION 10.01.          Trust Indenture Act Controls.

     

    

    

    If any provision of this Indenture limits, qualifies, or conflicts with another provision which is required or deemed to be included in this
      Indenture by the TIA, such required or deemed provision shall control.

     

    SECTION 10.02.          Notices.

     

    Any notice or communication by the Company, the Trustee, the Paying Agent or the Registrar to another is duly given if in writing and
      delivered in person or mailed by first-class mail:

     

    if to the Company:

     

    [          ]

        Attn: [          ]

        Fax: [            ]

     

    

    

    if to the Trustee:

     

    [          ]

        Attn: [          ]

        Fax: [            ]

     

    if to the Registrar or Paying Agent:

     

    [          ]

    Attn: [          ]

    Fax: [            ]

    

    

    with copy to:

    

    

    [          ]

    Attn: [          ]

    Fax: [            ]

    

    

    The Company, the Trustee and each Agent by notice to each other may designate additional or different addresses for subsequent notices or
      communications.

     

    
      
        

        

      

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    Any notice or communication to a Securityholder shall be mailed by first-class mail to his address shown on the register kept by the
      Registrar.  Failure to mail a notice or communication to a Securityholder of any Series or any defect in it shall not affect its sufficiency with respect to other Securityholders of that or any other Series.

     

    If a notice or communication is mailed or published in the manner provided above, within the time prescribed, it is duly given, whether or
      not the Securityholder receives it.

     

    If the company mails a notice or communication to Securityholders, it will mail a copy to the Trustee and each Agent at the same time.

     

    Whenever a notice is required to be given by the Company, such notice may be given by the Trustee or Registrar on the Company's behalf (and
      the Company will make any notice it is required to give to Holders available on its website).

     

    SECTION 10.03.          Communication by Holders with Other Holders.

     

    Securityholders of any Series may communicate pursuant to TIA Section 312(b) with other Securityholders of that Series or any other Series
      with respect to their rights under this Indenture or the Securities of that Series or all Series.  The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA Section 312(c).

     

    SECTION 10.04.          Certificate and Opinion as to Conditions Precedent.

     

    Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the
      Trustee:

     

    (a)          an Officers' Certificate
        stating that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and

     

    (b)          an Opinion of Counsel stating
        that, in the opinion of counsel, all such conditions precedent (including any covenants, compliance with which constitutes a condition precedent) have been complied with.

     

    SECTION 10.05.          Statements Required in Certificate or Opinion.

     

    Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate
      provided pursuant to TIA Section 314(a)(4)) shall comply with the provisions of TIA Section 314(e) and shall include:

     

    (a)          a statement that the person
        making such certificate or opinion has read such covenant or condition;

     

    (b)          a brief statement as to the
        nature and scope of the examination or investigation  upon which the statements or opinions  contained in such certificate or opinion are based;

     

     

    
      
        

        

      

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    (c)          a statement that, in the
        opinion of such person, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and

     

    (d)          a statement as to whether or
        not, in the opinion of such person, such condition or covenant has been complied with.

     

    provided, however, that with respect to matters of fact
      an Opinion of Counsel may rely on an Officers' Certificate or certificates of public officials.

     

    SECTION 10.06.          Record Date for Vote or Consent of Holders.

     

    The Company (or, in the event deposits have been made pursuant to Section 11.02, the Trustee) may set a record date for purposes of
      determining the identity of Holders entitled to vote or consent to any action by vote or consent authorized or permitted under this Indenture, which record date shall not be more than [  ] days prior to the date of the commencement of solicitation of
      such action.  Notwithstanding the provisions of Section 9.05, if a record date is fixed, those persons who were Holders of Securities at the close of business on such record date (or their duly designated proxies), and only those persons, shall be
      entitled to take such action by vote or consent or to revoke any vote or consent previously given, whether or not such persons continue to be Holders after such record date.

     

    SECTION 10.07.          Rules by Trustee and Agents.

     

    The Trustee may make reasonable rules for action by or a meeting of Securityholders of one or more Series.  Any Agent may make reasonable
      rules and set reasonable requirements for its functions.

     

    SECTION 10.08.          Legal Holidays.

     

    Unless otherwise provided by Board Resolution, Officers' Certificate or supplemental indenture for a particular Series, a "Legal Holiday" is
      any day that is not a Business Day.  If a payment date is a Legal Holiday at a place of payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period.

     

    SECTION 10.09.          No Recourse Against Others.

     

    A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under
      the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation.  Each Securityholder by accepting a Security waives and releases all such liability.  The waiver and release are part of the
      consideration for the issue of the Securities.

     

    SECTION 10.10.          Counterparts.

     

     

     

    
      
        

        

      

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    This Indenture may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so
      executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.

     

    SECTION 10.11.          Governing Laws and Submission to Jurisdiction.

     

    THIS INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK EXCLUDING ANY RULE OF LAW THAT WOULD CAUSE THE
      APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF NEW YORK.

     

    The Company agrees that any legal suit, action or proceeding arising out of or based upon this Indenture may be instituted in any federal
      or state court sitting in New York City, and, to the fullest extent permitted by law, waives any objection which it may now or hereafter have to the laying of venue of any such proceeding, and irrevocably submits to the non-exclusive jurisdiction of
      such court in any suit, action or proceeding.  The Company, as long as any Securities remain outstanding or the parties hereto have any obligation under this Indenture, shall have an authorized agent in the United States upon whom process may be
      served in any such legal action or proceeding. Service of process upon such agent and written notice of such service mailed or delivered to it shall to the extent permitted by law be deemed in every respect effective service of process upon it in any
      such legal action or proceeding and, if it fails to maintain such agent, any such process or summons may be served by mailing a copy thereof by registered mail, or a form of mail substantially equivalent thereto, addressed to it at its address as
      provided for notices hereunder. The Company hereby appoints Seward & Kissel LLP, One Battery Park Plaza, New York, NY,  10004, as its agent for such purposes, and covenants and agrees that service of process in any legal action or proceeding may
      be made upon it at such office of such agent.

    

    

    SECTION 10.12.          No Adverse Interpretation of Other Agreements.

     

    This Indenture may not be used to interpret another indenture, loan or debt agreement of the Company or a Subsidiary.  Any such indenture,
      loan or debt agreement may not be used to interpret this Indenture.

     

    SECTION 10.13.          Successors.

     

    All agreements of the Company in this Indenture and the Securities shall bind its successor.  All agreements of the Trustee in this
      Indenture shall bind its successor.

     

    SECTION 10.14.          Severability.

     

    In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and
      enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

     

    SECTION 10.15.          Table of Contents, Headings, Etc.

    

       

     

    
      
        

        

      

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    The Table of Contents, Cross Reference Table, and headings of the Articles and Sections of this Indenture have been inserted for convenience
      of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof.

     

    SECTION 10.16.          Securities in a Foreign Currency or in ECU.

     

    Unless otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officers' Certificate delivered pursuant to Section
      2.02 of this Indenture with respect to a particular Series of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all Series or all Series
      affected by a particular action at the time outstanding and, at such time, there are outstanding Securities of any Series which are denominated in a coin or currency other than Dollars (including ECUs), then the principal amount of Securities of such
      Series which shall be deemed to be outstanding for the purpose of taking such action shall be that amount of Dollars that could be obtained for such amount at the Market Exchange Rate at such time.  For purposes of this Section 10.16, "Market
      Exchange Rate" shall mean the noon Dollar buying rate in New York City for cable transfers of that currency as published by the Federal Reserve Bank of New York; provided, however, in the case of ECUs, Market Exchange Rate shall mean the rate of
      exchange determined by the Commission of the European Union (or any successor thereto) as published in the Official Journal of the European Union (such publication or any successor publication, the "Journal").  If such Market Exchange Rate is not
      available for any reason with respect to such currency, the Trustee shall use, without liability on its part, such quotation of the Federal Reserve Bank of New York or, in the case of ECUs, the rate of exchange as published in the Journal, as of the
      most recent available date, or quotations or, in the case of ECUs, rates of exchange from one or more major banks in The City of New York or in the country of issue of the currency in question or, in the case of ECUs, in Luxembourg or such other
      quotations or, in the case of ECUs, rates of exchange as the Trustee, upon consultation with the Company, shall deem appropriate.  The provisions of this paragraph shall apply in determining the equivalent principal amount in respect of Securities of
      a Series denominated in currency other than Dollars in connection with any action taken by Holders of Securities pursuant to the terms of this Indenture.

     

    All decisions and determinations of the Trustee regarding the Market Exchange Rate or any alternative determination provided for in the
      preceding paragraph shall be in its sole discretion and shall, in the absence of manifest error, be conclusive to the extent permitted by law for all purposes and irrevocably binding upon the Company and all Holders.

     

    SECTION 10.17.          Judgment Currency.

     

    The Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining
      judgment in any court it is necessary to convert the sum due in respect of the principal of or interest or other amount on the Securities of any Series (the "Required Currency") into a currency in which a judgment will be rendered (the "Judgment
      Currency"), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the day on which final unappealable
      judgment is entered, unless such day is not a New York Banking Day, then, the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in

    
      
        

        

      

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    The City of New York the Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which final unappealable judgment is
      entered and (b) its obligations under this Indenture to make payments in the Required Currency (i) shall not be discharged or satisfied by any tender, any recovery pursuant to any judgment (whether or not entered in accordance with subsection (a)),
      in any currency other than the Required Currency, except to the extent that such tender or recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable in respect of such payments,
      (ii) shall be enforceable as an alternative or additional cause of action for the purpose of recovering in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency so
      expressed to be payable, and (iii) shall not be affected by judgment being obtained for any other sum due under this Indenture.  For purposes of the foregoing, "New York Banking Day" means any day except a Saturday, Sunday or a legal holiday in The
      City of New York on which banking institutions are authorized or required by law, regulation or executive order to close.

     

    
      		SECTION 10.18.	
              Compliance with Applicable Anti-Terrorism and Money Laundering Regulations.

            

    

     

    In order to comply with the laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions,
      including those relating to the funding of terrorist activities and money laundering ("Applicable Law"), the Trustee is required to obtain, verify and record certain information relating to individuals and entities which maintain a business
      relationship with the Trustee.  Accordingly, each of the parties agree to provide to the Trustee, upon its request from time to time such identifying information and documentation as may be available for such party in order to enable the Trustee to
      comply with the Applicable Law.

     

    ARTICLE XI

      

       SINKING FUNDS

     

    SECTION 11.01.          Applicability of Article.

     

    The provisions of this Article shall be applicable to any sinking fund for the retirement of the Securities of a Series, except as otherwise
      permitted or required by any form of Security of such Series issued pursuant to this Indenture.

     

    The minimum amount of any sinking fund payment provided for by the terms of the Securities of any Series is herein referred to as a
      "mandatory sinking fund payment" and any other amount provided for by the terms of Securities of such Series is herein referred to as an "optional sinking fund payment." If provided for by the terms of Securities of any Series, the cash amount of any
      sinking fund payment may be subject to reduction as provided in Section 11.02.  Each sinking fund payment shall be applied to the redemption of Securities of any Series as provided for by the terms of the securities of such Series.

     

     

     

    
      
        

        

      

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    SECTION 11.02.          Satisfaction of Sinking Fund Payments with Securities.

     

    The Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any Series to be made
      pursuant to the terms of such Securities (1) deliver outstanding Securities of such Series to which such sinking fund payment is applicable (other than any of such Securities previously called for mandatory sinking fund redemption) and (2) apply as
      credit Securities of such Series to which such sinking fund payment is applicable and which have been redeemed either at the election of the Company pursuant to the terms of such Series of Securities (except pursuant to any mandatory sinking fund) or
      through the application of permitted optional sinking fund payments or other optional redemptions pursuant to the terms of such Securities, provided that such Securities have not been previously so credited.  Such Securities shall be received by the
      Registrar, together with an Officers' Certificate with respect thereto, not later than [  ] days prior to the date on which the Registrar begins the process of selecting Securities for redemption, and shall be credited for such purpose by the
      Registrar at the price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.  If as a result of the delivery or credit of Securities in lieu of cash
      payments pursuant to this Section 11.02, the principal amount of Securities of such Series to be redeemed in order to exhaust the aforesaid cash payment shall be less than $[], the Registrar need not call Securities of such Series for redemption,
      except upon receipt of a Company Order that such action be taken, and such cash payment shall be held by the Paying Agent and applied to the next succeeding sinking fund payment, provided, however, that the Paying Agent shall from time to time upon
      receipt of a Company Order pay over and deliver to the Company any cash payment so being held by the Paying Agent upon delivery by the Company to the Registrar of Securities of that Series purchased by the Company having an unpaid principal amount
      equal to the cash payment required to be released to the Company.

     

    SECTION 11.03.          Redemption of Securities for Sinking Fund.

     

    Not less than [  ] days (unless otherwise indicated in the Board Resolution, supplemental indenture hereto or Officers' Certificate in
      respect of a particular Series of Securities) prior to each sinking fund payment date for any Series of Securities, the Company will deliver to the Trustee and the Paying Agent an Officers' Certificate specifying the amount of the next ensuing
      mandatory sinking fund payment for that Series pursuant to the terms of that Series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting of
      Securities of that Series pursuant to Section 11.02., and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and the Company shall thereupon be obligated to pay the amount therein specified.  Not less
      than [  ] days (unless otherwise indicated in the Board Resolution, Officers' Certificate or supplemental indenture in respect of a particular Series of Securities) before each such sinking fund payment date the Trustee shall select the Securities to
      be redeemed upon such sinking fund payment date in the manner specified in Section 3.02 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 3.03.  Such notice
      having been duly given, the redemption of such Securities shall stated in Sections 3.04, 3.05 and 3.06.

     

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

     

    

    

    

    

    

    

    

    

    SCORPIO BULKERS INC.

    

    

    

    

    By:__________________________

    

    

    Name:

    Its:

    

    

    

    

    [          ]

    as Trustee

    

    

    By:__________________________

    

    

    Name:

    Its:

    

    

    

    

    By:__________________________

    

    

    Name:

    Its:

    

    

    

    

    [          ]

         as Registrar and Paying Agent

    

    

    

    

    By:__________________________

    

    

    Name:

    Its:

    

    

    

    

    By:__________________________

    

    

    Name:

    Its:

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