Document:

EX-10.1

 Exhibit 10.1 

EMPLOYMENT AGREEMENT 
 EMPLOYMENT
AGREEMENT (the “Agreement”), made and entered into as of August 11, 2017 by and between Endurance International Group Holdings, Inc., a Delaware corporation (together with its successors and assigns permitted under this
Agreement, the “Company”) and Jeffrey H. Fox (the “Executive”). 
 W I T N E S S E T H: 

WHEREAS, the Company desires to employ the Executive as its President and Chief Executive Officer as of and following the Effective Date (as
defined below) and desires to memorialize the terms and conditions of such employment in this Agreement; 
 NOW, THEREFORE, in consideration
of the premises and mutual covenants contained herein and for other good and valuable consideration, the receipt of which is mutually acknowledged, the Parties agree as follows: 

1.    DEFINITIONS. As used in this Agreement, capitalized terms shall have the meanings set forth in this Agreement. The
following capitalized terms shall have the following meanings: 
 (a)    “Affiliate” of a Person shall
mean a Person that directly or indirectly Controls, is Controlled by, or is under common Control with the Person specified. 

(b)    “Annual Bonus” shall mean the annual cash bonus, if any, payable to the Executive in respect of
any given calendar year pursuant to Section 5 of this Agreement. 
 (c)    “Base Salary” shall
mean the annual rate of base salary provided for in Section 4 below or any increased annual rate of base salary granted to the Executive pursuant to Section 4 of this Agreement. 

(d)    “Board” shall mean the Board of Directors of the Company. 

(e)    “Cause” shall mean: 

(i)    a continued failure of the Executive to perform his duties and responsibilities (other than as a
result of physical or mental illness or injury) after receipt of written notice from the Board of such failure, provided that the Executive shall have 30 calendar days after the date of receipt of such notice in which to cure such failure (to
the extent cure is possible); 
 (ii)    the Executive’s willful misconduct or gross negligence
which is materially injurious to the Company or any of its Affiliates (whether financially, reputationally or otherwise); 

(iii)    a breach by the Executive of his fiduciary duty or duty of loyalty to the Company or its
Affiliates which is materially injurious to the Company or any of its Affiliates (whether financially, reputationally or otherwise); 

  
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 (iv)    the indictment (or the legal equivalent) of the
Executive for any felony or other serious crime involving moral turpitude; or 
 (v)    the
Executive’s (A) breach of any restrictive covenant regarding competition or solicitation or (B) material breach of any other restrictive covenant (including, without limitation, non-disclosure
of confidential information), in each case to which he is subject pursuant to this Agreement or any other agreement with the Company or any of its Affiliates (the “Restrictive Covenants”); provided that, in the case of a
breach described in clause (v)(B) above, the Board shall provide the Executive with written notice of such breach and the Executive shall have 30 calendar days after the date of receipt of such notice in which to cure such failure (to the extent
cure is possible). 
 (f)    A “Change in Control” shall mean the occurrence of one or more of the
following events: 
 (i)    the acquisition by an individual, entity or group (within the meaning of
Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, and amended (the “Exchange Act”)) (a “13D Person”) of beneficial ownership of any capital stock of the Company if, after such acquisition,
such 13D Person beneficially owns (within the meaning of Rule 13d-3 under the Exchange Act) 50% or more of either (x) the then-outstanding shares of common stock of the Company (the “Outstanding
Company Common Stock”) or (y) the combined voting power of the then-outstanding securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”);
provided, however, that for purposes of this subsection (i), the following acquisitions shall not constitute a Change in Control: (I) any acquisition directly from the Company (excluding an acquisition pursuant to the exercise,
conversion or exchange of any security exercisable for, convertible into or exchangeable for common stock or voting securities of the Company, unless the 13D Person exercising, converting or exchanging such security acquired such security directly
from the Company or an underwriter or agent of the Company) or (II) any acquisition by any corporation pursuant to a Business Combination (as defined below) which complies with clauses (x) and (y) of subsection (iii) of this
definition; or 
 (ii)    a change in the composition of the Board that results in the Continuing Directors (as defined
below) no longer constituting a majority of the Board (or, if applicable, the Board of Directors of a successor corporation to the Company), where the term “Continuing Director” means at any date a member of the Board (x) who
was a member of the Board on the date of the initial adoption of this Agreement by the Board or (y) who was nominated or elected subsequent to such date by at least a majority of the directors who were Continuing Directors at the time of such
nomination or election or whose election to the Board was recommended or endorsed by at least a majority of the directors who were Continuing Directors at the time of such nomination or election; provided, however, that there shall be
excluded from this clause (y) any individual whose initial assumption of office occurred as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of
proxies or consents, by or on behalf of a person other than the Board; or 

  
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 (iii)    the consummation of a merger, consolidation, reorganization,
recapitalization or share exchange involving the Company or a sale or other disposition of all or substantially all of the assets of the Company (a “Business Combination”), unless, immediately following such Business Combination,
each of the following two conditions is satisfied: (x) all or substantially all of the individuals and entities who were the beneficial owners of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior
to such Business Combination beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of common stock and the combined voting power of the then-outstanding securities entitled to vote generally in the election of
directors, respectively, of the resulting or acquiring corporation in such Business Combination (which shall include, without limitation, a corporation which as a result of such transaction owns the Company or substantially all of the Company’s
assets either directly or through one or more subsidiaries) (such resulting or acquiring corporation is referred to herein as the “Acquiring Corporation”) in substantially the same proportions as their ownership of the Outstanding
Company Common Stock and Outstanding Company Voting Securities, respectively, immediately prior to such Business Combination and (y) no 13D Person (excluding any employee benefit plan (or related trust) maintained or sponsored by the Company or
by the Acquiring Corporation) beneficially owns, directly or indirectly, 50% or more of the then-outstanding shares of common stock of the Acquiring Corporation, or of the combined voting power of the then-outstanding securities of such corporation
entitled to vote generally in the election of directors (except to the extent that such ownership existed prior to the Business Combination); or 

(iv)    the liquidation or dissolution of the Company; 

provided, however, that to the extent required with respect to any payment hereunder that is subject to Section 409A of the Code, the Change in Control
must be a “change in control event” within the meaning of Treasury Regulation Section 1.409A-3(i)(5)(i). 

(g)    “Change in Control Period” shall mean the period beginning on the date that is nine months prior
to the date on which a Change in Control is consummated (provided that negotiations relating to the Change in Control are ongoing on the Termination Date) and ending on the second anniversary of the date on which the Change in Control is
consummated. 
 (h)    “COBRA” shall mean the Consolidated Omnibus Budget Reconciliation Act. 

(i)    “Code” shall mean the Internal Revenue Code of 1986, as amended, and all rules and regulations
promulgated thereunder. 
 (j)    “Company Employee” shall mean an employee or director of or for the
Company or any of its subsidiaries (to the extent such subsidiary is engaged in a Competing Business). 

(k)    “Competing Business” shall mean any business engaged in a line of business in which the Company or
its subsidiaries (i) is engaged as of the Termination Date, (ii) has memorialized plans (electronically or otherwise) to become engaged within the six-month period immediately following the
Termination Date or (iii) has plans of which the Executive knows (or of which there is a reasonable expectation that the Executive should have known) to become engaged within the six-month period
immediately following the Termination Date. 

  
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 (l)    “Control” shall mean the possession, directly or
indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise. 

(m)    “Effective Date” shall mean the date specified in Section 2 below. 

(n)    “Person” shall mean an individual, partnership, corporation, limited liability company,
unincorporated organization, trust or joint venture, or a governmental agency or political subdivision thereof. 

(o)    “Restricted Period” shall mean the period beginning on the Termination Date and ending two years
after the Termination Date, provided that any violations of the Restrictive Covenants during the such period shall extend the Restricted Period by the period of any such violations. 

(p)    “Stock Incentive Plan” shall mean the Amended and Restated Endurance International Group Holdings,
Inc. 2013 Stock Incentive Plan (or its successor). 
 (q)    “Term of Employment” shall mean the period
specified in Section 2 below. 
 (r)    “Termination Date” shall mean the date specified in
Section 10(b). 
 (s)    “Work Product” shall mean all ideas, works of authorship, inventions and
other creations, whether or not patentable, copyrightable, or subject to other intellectual-property protection, that are made, conceived, developed or worked on in whole or in part by the Executive while employed by the Company and/or any of its
Affiliates, that relate in any manner whatsoever to the business, existing or proposed, of the Company and/or any of its Affiliates, or any other business or research or development effort in which the Company and/or any of its Affiliates engages
during the Term of Employment. 
 2.    TERM OF EMPLOYMENT. 

The term of this Agreement shall commence effective as of the date the Executive’s employment with the Company commences (the
“Effective Date”) and will continue until terminated (the “Term of Employment”). During the Term of Employment, the Executive shall be an at-will employee of the Company and
the Executive’s employment and the Term of Employment shall be freely terminable by either the Executive or the Company, for any reason, at any time, with or without Cause or notice (except as set forth herein). 

  
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 3.    POSITION, DUTIES AND RESPONSIBILITIES. 

(a)    During the Term of Employment, the Executive shall be employed as the President and Chief Executive Officer of the
Company and shall have such duties, responsibilities and authority as shall be reasonably determined from time to time by the Board commensurate with his position as President and Chief Executive Officer of a publicly traded company. The Executive
shall perform his services as President and Chief Executive Officer primarily from the Company’s headquarters, which are currently located in Burlington, Massachusetts, or such other location approved by the Board, and travelling as required by
the Executive’s job duties. The Executive agrees that he will rent or purchase a residence in the vicinity of the Company’s headquarters. Further, the Executive shall (i) serve on such boards of directors of subsidiaries of the
Company and/or (ii) hold such corporate officer titles and positions of the Company and any of its subsidiaries, as may be requested by the Board in its sole discretion, in any such case without additional compensation therefor. The Executive,
in carrying out his duties under this Agreement, shall report directly to the Board. During the Term of Employment, the Company shall nominate the Executive in accordance with the terms of the Company’s Bylaws and its corporate governance
guidelines and recommend that the Executive be elected as a member of the Board. Except as may in the future be mutually agreed by the Board and the Executive, all employees of the Company (other than the members of the Company’s internal audit
department) shall report to the Executive or one of his direct reports. During the Term of Employment, subject to Section 3(b) and except for permitted vacation periods and reasonable periods of illness, the Executive shall devote substantially
all of his business time and attention to the performance of his duties hereunder and shall use his reasonable best efforts, skills and abilities to promote the Company’s interests. 

(b)    Nothing herein shall preclude the Executive from (i) continuing to serve as a director and advisor on the
board of directors of the corporations and entities set forth on Schedule I hereto, (ii) serving on any other board of directors with the prior express written consent of the Board, (iii) serving on the boards of a reasonable number
of trade associations and civic or charitable organizations and (iv) managing personal investments, so long as such activities set forth in this Section 3(b) do not conflict or materially interfere with the effective discharge of his
duties and responsibilities under Section 3(a) above. 
 (c)    For so long as the Executive is providing services
to the Company, the Executive agrees that CG Core Value Fund, L.P. (the “Fund”) shall not make any investment in (i) the Company or (ii) any entity listed on Schedule II hereto and that the Executive shall not
provide services to the The Circumference Group LLC or the Fund (other than in his capacity as a board member or in order to manage his personal investments as contemplated by Section 3(b)(iv) hereof)). 

4.    BASE SALARY. 

The Executive shall be paid an annualized gross Base Salary, payable in accordance with the regular payroll practices of the Company, of
$750,000. The Base Salary shall be reviewed annually for increase (but not decrease) in the sole discretion of the Board or the Compensation Committee. 

  
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 5.    ANNUAL BONUS OPPORTUNITY. 

During the Term of Employment, the Executive shall be eligible to earn an Annual Bonus pursuant to the terms and conditions of the
Company’s annual Management Incentive Plans, subject to the Executive’s continued employment through the date on which payments are made under the applicable Management Incentive Plan, except as otherwise provided in Section 11
hereof. A copy of the Company’s 2017 Management Incentive Plan has been provided to the Executive. For purposes of the Company’s annual Management Incentive Plans, the Executive’s individual target bonus percentage shall be 100% (the
“Target Annual Bonus Opportunity”). Notwithstanding the foregoing, the Executive shall not be eligible to participate in the Company’s 2017 Management Incentive Plan. 

6.    EQUITY INTERESTS. 

(a)    On the Effective Date, the Company shall grant to the Executive an equity award with a total value of $10,375,000 at
grant (the “Grant Value”), split between (i) an award of 1,032,500 restricted stock units (the “RSU Award”) to be taken into account for purposes of the Grant Value at the closing stock price per share of the
Company’s common stock on the date on which this Agreement is approved by the Board (the “Closing Price”) and (ii) an option to purchase shares of the Company’s common stock (“Stock Option Grant”),
determined as set forth below, but which shall have an exercise price per share equal to the closing stock price per share of the Company’s common stock on the Effective Date. The RSU Award and the Stock Option Grant shall be granted under the
Company’s Stock Incentive Plan and shall be subject to the terms and conditions of the agreements and notices under which they are issued to the extent not inconsistent with the terms and conditions of this Agreement. 282,500 of the restricted
stock units subject to the RSU Award shall vest immediately on the Effective Date, but will be subject to a requirement that the Executive hold the shares underlying such RSUs until the earliest of (A) the third anniversary of the Effective
Date, (B) the Executive’s death, (C) the Executive’s Disability and (D) a Change in Control of the Company and that the Executive timely pay the Company directly any withholding taxes required with respect to such vesting
and distribution of shares. The remaining 750,000 restricted stock units subject to the RSU Award shall vest over a 3-year period, with 250,000 of such units vesting on each anniversary of the Effective Date.
The Stock Option Grant shall vest over a 3-year period, with one-third of the total number of shares subject to the Stock Option Grant vesting on the first anniversary
of the Effective Date and the remaining portion of the shares subject to the Stock Option Grant vesting in equal monthly installments thereafter. The number of shares subject to the Stock Option Grant will be equal to the quotient obtained by
dividing (i) the Stock Option Grant Value (as defined below) by (ii) the Stock Option Grant Value per Option (as defined below). 

(i)     For purposes of this Section 6(a): 

(A)    “Stock Option Grant Value” means an amount equal to the Grant Value minus the RSU
Award Value (as defined below), if such difference is a positive number, and means $0, if such difference is less than or equal to $0. 

(B)    “RSU Award Value” means an amount equal to: (1) the number of restricted
stock units subject to the RSU Award (i.e. 1,032,500) multiplied by (2) the Closing Price. 

  
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 (C)    “Stock Option Grant Value per
Option” shall mean: (1) the Closing Price multiplied by (2) 50%. 
 (b)    The Executive shall be eligible
to participate in the Company’s annual equity grant program starting in Spring 2019, with grant timing, award value and type determined at the Board or Compensation Committee’s discretion. Any annual equity grants shall be made to the
Executive consistent with his role as President and Chief Executive Officer and based on then-current competitive market values (i.e., survey data and/or peer company benchmarking (in the Board or Compensation Committee’s discretion)) at such
times as annual equity awards are made to other executives of the Company. 
 (c)    Notwithstanding any provision of
the Stock Incentive Plan or the applicable award agreement to the contrary, in the event that, during the Change in Control Period, the Executive’s employment hereunder is (x) terminated by the Company without Cause, other than due to
Disability or death or (y) the Executive resigns for Good Reason, all of the Executive’s then unvested equity awards will accelerate and vest in full upon the later to occur of (i) the consummation of the Change in Control and
(ii) the Termination Date (it being understood that if the Termination Date occurs before the consummation of the Change in Control, the Executive’s equity awards shall remain outstanding but shall not continue to vest in accordance with
their terms until such time as the Change in Control occurs). In addition, in the event the acquiring or succeeding corporation in a Change in Control does not agree to assume the Executive’s outstanding equity awards as of immediately prior to
the Change in Control, or substitute substantially equivalent awards therefor, all of the Executive’s then outstanding but unvested equity awards will accelerate and vest in full immediately prior to the consummation of the Change in Control,
with any such awards subject to performance standards being vested at the target amount associated with their grant, unless the Board or the Compensation Committee determines that some higher level of vesting is appropriate. 

7.    EMPLOYEE BENEFIT PROGRAMS. 

During the Term of Employment, the Executive shall be entitled to participate in any employee retirement, welfare and fringe benefit plans and
programs made available to the Company’s senior executive officer level employees generally, as such plans or programs may be in effect from time to time. The Company shall pay the expenses associated with the Executive’s participation in
such benefit plans to the same extent the Company pays the expenses associated with the participation by other similarly situated senior executive officer level employees of the Company. 

8.    REIMBURSEMENT OF BUSINESS AND OTHER EXPENSES; PERQUISITES; VACATIONS. 

(a)    Business Expenses. The Executive is authorized to incur reasonable expenses in carrying out his duties and
responsibilities under this Agreement and the Company shall promptly reimburse him for all reasonable business expenses incurred in connection with the performance of his duties hereunder, subject to the Executive’s provision of reasonable
documentation of such expenses in accordance with the Company’s business expense reimbursement policy as may be in effect from time to time. 

  
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 (b)    Perquisites. During the Term of Employment, the Executive shall
be entitled to any perquisites that are generally offered to other senior executive officers of the Company, on terms and conditions as determined by the Company from time to time. 

(c)    Vacation. Consistent with Company’s policy for executive employees, the Executive will not accrue paid
vacation but will be entitled to take vacation in accordance with the Company’s Flexible Time Away Policy, in consultation with the Board. 

(d)    Airplane Usage Reimbursement. The Company will reimburse Executive for private plane costs at a rate of
$4,125.00 per hour when the Executive’s private plane is used for Company business purposes. The Executive shall submit a summary of hourly usage, incidentals purchased on flights, passenger lists and other information reasonably requested by
the Company or required by the Company’s business expense reimbursement policy as in effect from time to time. 

(e)    Attorneys’ Fees. The Company shall pay the Executive’s attorneys’ fees incurred in connection
with the negotiation of this Agreement and related agreements up to a maximum of $25,000. Payment of attorneys’ fees shall be made directly to Executive’s attorney following prompt receipt of an invoice from the Executive’s attorney.

 9.    TERMINATION OF EMPLOYMENT. 

(a)    Death. The Executive shall terminate employment with the Company, and the Term of Employment shall terminate,
upon the Executive’s death. 
 (b)    Disability. The Company shall be entitled to terminate the
Executive’s employment for Disability if the Executive has experienced a permanent disability as defined in the Company’s long-term disability plans (a “Disability”). The termination of the Executive’s employment by
the Company for Disability shall not be considered a termination without Cause for purposes of this Agreement. 

(c)    For or Without Cause or Voluntarily (Other Than for Good Reason). The Company may terminate the
Executive’s employment for Cause or without Cause. The Executive may voluntarily terminate his employment, other than for Good Reason (“Voluntary Resignation”), provided that the Executive provides the Company with notice of
his intent to terminate his employment at least thirty (30) days in advance of the Termination Date. 

(d)    Good Reason. The Executive may terminate his employment with the Company for Good Reason. For purposes of
this Agreement, “Good Reason” shall mean, in connection with the Executive’s termination of employment, the occurrence of any of the following events without his consent: 

(i)    a diminution in title or change in reporting relationship or material diminution in the
Executive’s duties, authority and responsibilities; 
 (ii)    the Company’s material breach of
this Agreement, including the failure to timely pay Base Salary or any other amounts due under this Agreement; 

  
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 (iii)    a relocation of the Executive’s primary work
location after the Effective Date (or from such location as the Board has later established as his primary work location with his consent) such that his daily commute is increased by more than 40 miles; or 

(iv)     a material reduction in the Executive’s Base Salary or Target Annual Bonus Opportunity; 

provided that, within 90 days following the first occurrence of any of the events set forth in clauses (i), (ii), (iii), or (iv), the
Executive shall have delivered written notice to the Company of his intention to terminate his employment for Good Reason, which notice specifies in reasonable detail the circumstances claimed to give rise to the Executive’s right to terminate
employment for Good Reason, the Executive provides the Company with at least 30 days to cure the circumstances and, if the Company is not successful in curing the circumstances, the Executive terminates his employment within 60 days of the
Company’s failure to cure such circumstances. 
 10.    PROCEDURE FOR TERMINATION OF EMPLOYMENT. 

(a)    Notice of Termination of Employment. Any termination of the Executive’s employment with the Company
(other than a termination of employment on account of the death of the Executive) shall be communicated by written “Notice of Termination” to the other party hereto in accordance with Section 27 hereof. 

(b)    Termination Date. The Termination Date shall mean: (i) if the Executive’s termination of
employment occurs due to the Executive’s death, the date of the Executive’s death; (ii) if the Executive’s termination of employment occurs due to the Executive’s Disability, the date on which the Executive receives a Notice
of Termination from the Company; (iii) if the Executive’s termination of employment occurs due to the Executive’s Voluntary Resignation, the date specified in the notice given pursuant to Section 9(c) hereof, which shall not be
less than thirty (30) days after Company’s receipt of the Notice of Termination (unless the Board waives part or all of such notice period); (iv) if the Executive’s termination of employment occurs due to the Executive’s
termination for Good Reason, the date of his termination in accordance with Section 9(d) hereof; and (v) if the Executive’s termination of employment occurs for any other reason, the date on which a Notice of Termination is given or
any later date (within thirty (30) days, or any alternative time period agreed upon by the Parties, after the giving of such Notice of Termination) set forth in such Notice of Termination. Effective as of the Termination Date, unless otherwise
determined by the Board, the Executive shall be deemed to have resigned from any and all positions he then holds with the Company and its Affiliates. 

  
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 11.    PAYMENTS UPON TERMINATION OF EMPLOYMENT. 

(a)    Termination Due to Death or Disability. In the event that the Executive’s employment hereunder is
terminated due to his death or Disability, the Executive (or his estate or his beneficiaries, in the event of his death), shall be entitled to receive: 

(i)    Payment in respect of (A) his accrued but unpaid paid time off, to the extent consistent with
then current Company policy, and Base Salary through the Termination Date, (B) any unpaid business expense reimbursements due to the Executive under Section 8 of this Agreement and (C) notwithstanding anything to the contrary in
Section 5 of this Agreement, in the event that the Termination Date occurs after the end of a fiscal year, but prior to the date on which the Annual Bonus earned by the Executive with respect to such fiscal year is paid to the Executive,
payment of such Annual Bonus ((A), (B) and (C) together, the “Accrued Amounts”). The Accrued Amounts shall be paid as soon as reasonably practicable, but no later than thirty (30) days, following the Termination Date; 

(ii)    payment of vested benefits, if any, in accordance with the applicable benefit plans and programs of
the Company as in effect from time to time; 
 (iii)    subject to the Executive’s continued
compliance with the Restrictive Covenants, notwithstanding anything in the Stock Incentive Plan or applicable award agreement to the contrary: 

(A)    payment of any Annual Bonus attributable to the year of termination, based on actual performance
against the annual performance goals established under the Company’s applicable Management Incentive Plan for such year and the portion of the year during which the Executive provided services to the Company (the “Pro Rata
Bonus”), payable in a single lump-sum at the time that active employees receive their bonus payments for such year, but in any event by March 15 of the year following the year of termination; and

 (B)    to the extent the Executive holds any vested stock options to purchase shares of the
Company’s common stock on the Termination Date, such vested options shall remain exercisable for a period of three years following the Termination Date (or for the remainder of the term of the option, if shorter), subject to any replacement or
cancellation required by the definitive documents creating a Change in Control. 
 (b)    Termination by the Company
for Cause or Voluntary Resignation. In the event the Company terminates the Executive’s employment hereunder for Cause or in the event of a Voluntary Resignation: 

(i)     payment of the Accrued Amounts as soon as reasonably practicable, but no later than thirty
(30) days, following the Termination Date; and 
 (ii)    payment of vested benefits, if any, in
accordance with the applicable benefit plans and programs of the Company as in effect from time to time. 

  
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 (c)    Termination by the Company without Cause or by the Executive for
Good Reason. 
 (i)    In the event that the Executive’s employment hereunder is
(x) terminated by the Company without Cause, other than due to Disability or death or (y) the Executive resigns for Good Reason, the Executive shall be entitled to receive: 

(A)    payment of the Accrued Amounts as soon as reasonably practicable, but no later than thirty
(30) days, following the Termination Date; 
 (B)    payment of vested benefits, if any, in
accordance with the applicable benefit plans and programs of the Company as in effect from time to time; and 

(C)    subject to (x) the Executive’s satisfaction of the Release Requirements and (y) the
Executive’s continued compliance with the Restrictive Covenants: 
 (1)    continued payment of
Base Salary at the annualized rate in effect on the Termination Date for a period of twenty-four (24) months following the Termination Date, in accordance with the Company’s usual and customary payroll practices; 

(2)    if the Termination Date does not occur within the Change in Control Period, payment of two
times’ the Executive’s Target Annual Bonus Opportunity for the year prior to the year of termination, payable over a period of twenty-four (24) months following the Termination Date, in accordance with the Company’s usual and
customary payroll practices; 
 (3)    if the Termination Date occurs within the Change in Control
Period, payment of two times’ the greater of (x) the Executive’s Annual Bonus paid with respect to the year prior to the year of termination or (y) the Executive’s Target Annual Bonus Opportunity for the year of termination;

 (4)    a lump sum payment, payable on the Release Date, equal to $40,000; and 

(5)    payment of a Pro Rata Bonus, payable in a single lump-sum
at the time that active employees receive their bonus payments for such year, but in any event by March 15 of the year following the year of termination. 

Notwithstanding anything herein to the contrary, if the Termination Date occurs during the Change in Control Period and the
Change in Control is a “change in control event” as that term is defined under Treasury Regulation Section 1.409A-3(i)(5)(i), the payments described in Section 11(c)(i)(C)(1) and
(3) shall be paid in a single lump sum on the Release Date (as defined below) or, if later, the date of consummation of the Change in Control. 

  
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 (ii)    Payments to be made under Section 11(c)(i)(C)
(the “Severance Payments”) shall be provided or shall commence on the 60th day after the Termination Date (the “Release Date”), provided that, as of the 52nd day after the Termination Date, the Release Requirements are satisfied. If the Release Requirements are not satisfied as of the 52nd day after
the Termination Date (and the Release has been provided to the Executive within five (5) days following the Termination Date), then the Executive shall not be entitled to any payments or benefits under the foregoing subsections and the Company
and its Affiliates shall have no further obligations in connection therewith. If the Release Requirements are satisfied, then the portion of the Severance Payments which would otherwise have been paid during the period between the Termination Date
and the Release Date shall instead be paid as soon as reasonably practicable following the Release Date. For purposes of this Agreement, the “Release Requirements” shall be satisfied if, as of the applicable date, the Executive has
executed a general release of claims against the Company and its Affiliates in substantially the form attached hereto as Exhibit A and the revocation period required by applicable law has expired without the Executive’s revocation of
such release. If the Executive’s employment ends during the Change in Control Period but before the consummation of the Change in Control, any payments scheduled to be enhanced or accelerated by a Change in Control shall not be enhanced or
accelerated unless such Change in Control occurs during the Change in Control Period related to the Termination Date. 

(d)    No Mitigation Requirement or Offset. In the event of any termination of employment under this
Section 11, the Executive shall be under no obligation to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement and the Company’s
obligation to make the payments provided for under this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off or counterclaim that the Company may have against the
Executive. 
 (e)    No Other Severance Benefits. Except as specifically set forth in this Agreement, the
Executive covenants and agrees that the Executive shall not be entitled to any other form of severance or termination payments or benefits from the Company, including, without limitation, payments or benefits otherwise payable under any of the
Company’s regular severance policies. 
 (f)    Nature of Payments. Any amounts due under this
Section 11 are in the nature of severance payments considered to be reasonable by the Company and the Executive and are not in the nature of a penalty. 

  
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 12.    RESTRICTIVE COVENANTS. 

(a)    Non-Competition. 

(i)    The Executive acknowledges and recognizes the highly competitive nature of the businesses of the
Company and its subsidiaries and accordingly agrees that during the Term of Employment and the Restricted Period, the Executive will not directly or indirectly become an employee, director, or independent contractor of, or a consultant to, or
perform any services for, or acquire any financial interest in, any Person engaging in a Competing Business. 

(ii)    Notwithstanding anything to the contrary in this Agreement, the Executive may: 

(A)    directly or indirectly own, solely as an investment, securities of any Person engaged in a
Competing Business which are publicly traded on a national or regional stock exchange or on the over-the-counter market if the Executive (1) is not a controlling
person of, or a member of a group which controls, such person and (2) does not, directly or indirectly, own one percent (1%) or more of any class of securities of such Person (excluding any interest the Executive owns through a mutual fund,
private equity fund or other pooled account); 
 (B)    provide services for a subsidiary or division of
a Person that is engaged in a Competing Business as long as such subsidiary or division (1) is not itself engaged in a Competing Business and (2) does not, and the Executive does not, provide any services or reveal any Confidential
Information to the Person that is engaged in a Competing Business that relate (directly or indirectly) to such Competing Business; and 

(C)    continue to engage in those activities set forth in Section 3(b), provided that
Executive is not engaging in such activities for a Competing Business. 

(b)    Non-Solicitation. 

(i)    During the Term of Employment and the Restricted Period, the Executive will not, whether on the
Executive’s own behalf or on behalf of or in conjunction with any person, company, business entity or other organization whatsoever, solicit or hire, or attempt to solicit or hire: 

(A)    any customer or supplier of the Company or any of its subsidiaries in connection with any business
activity that then competes or is planned to compete with the Company or such subsidiary or to terminate or alter in a manner adverse to the Company or such subsidiary such customer’s or supplier’s relationship with the Company or such
subsidiary; or 
 (B)    any Company Employee or individual who was a Company Employee within the six-month period immediately prior thereto. 

  
 13 

 Notwithstanding the foregoing, it shall not be a violation of this Section 12(b) for the
Executive (i) to engage in general solicitations for employment via print, electronic or other media so long as such solicitations are not specifically targeted at Company Employees or individuals who were Company Employees within the six-month period immediately prior thereto (provided that this clause (i) is an exception from the prohibition on solicitation but does not permit hiring Company Employees who respond to the general
solicitation), (ii) to solicit or hire any personal assistant(s) of his hired after the Effective Date or (iii) to provide letters of reference for any Company Employee or individual who was a Company Employee within the six-month period immediately prior thereto. 
 (c)    Confidentiality. 

(i)    The Executive hereby agrees that, during the Term of Employment and thereafter, other than in the
proper performance of his duties for the Company and its Affiliates, he will hold in strict confidence any proprietary information or Confidential Information related to the Company or any of its Affiliates. For purposes of this Agreement, the term
“Confidential Information” shall mean all information of the Company or any of its Affiliates (in whatever form) which is not generally known to the public, including without limitation any inventions, processes, methods of
distribution, customer lists or customers’ or trade secrets, provided that Confidential Information shall not include (A) information the Executive is required to disclose by applicable law, regulation or legal process so long as
the Executive notifies the Company promptly (it being understood that “promptly” shall mean “prior to” unless prior notice is not possible, in which case “promptly” shall mean as soon as practicable following) of the
Executive’s obligation to disclose Confidential Information by applicable law, regulation or legal process and cooperates with the Company to limit the extent of such disclosure, or (B) any information that is or becomes publicly known
through no fault of the Executive. Notwithstanding anything to the contrary, the Executive is not prohibited from reporting possible violations of federal law or regulations to any governmental agency or entity, including but not limited to the
Department of Justice, the Securities and Exchange Commission, the Congress, and any agency Inspector General, or making other disclosures that are protected under the whistleblower provisions of federal law or regulation and the Executive is not
required to obtain the Company’s approval or notify the Company that the Executive intends to make or has made such a report or disclosure. Further, the Executive is hereby advised as follows pursuant to the Defend Trade Secrets Act: “An
individual shall not be held criminally or civilly liable under any Federal or State trade secret law for the disclosure of a trade secret that (A) is made (i) in confidence to a Federal, State, or local government official, either
directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing
is made under seal. 

  
 14 

 
An individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the trade
secret information in the court proceeding, if the individual (A) files any document containing the trade secret under seal; and (B) does not disclose the trade secret, except pursuant to court order.” 

(ii)    The Executive agrees that at the time of the termination of his employment with the Company,
whether at the insistence of the Executive or the Company, and regardless of the reasons therefor, he will deliver to the Company, and not keep or deliver to anyone else, any and all notes, files, memoranda, papers and, in general, any and all
physical and electronic matter containing Confidential Information, including any and all documents significant to the conduct of the business of the Company or any subsidiary or Affiliate of the Company which are in his possession, except for any
documents for which the Company or any subsidiary or Affiliate of the Company has given written consent to removal at the time of the termination of the Executive’s employment and information relating to Executive’s compensation. 

(d)    Non-Disparagement. The Executive agrees that he will not, any time
during the Term of Employment and on or after the time of the termination of his employment with the Company for any reason, directly or indirectly, disparage (i) the Company or its Affiliates, (ii) the business, property or assets of the
Company or its Affiliates, or (iii) any of the former, current or future officers, directors, employees or shareholders of the Company or its Affiliates. At any time during the Term of Employment and on or after the time of the termination of
the Executive’s employment with the Company for any reason, the Company (i) agrees that it will not make any public filings (except as required by applicable law or upon advice of external securities counsel) that make any disparaging
statements or remarks about the Executive or his services and (ii) shall direct its executive officers and members of the Board (in their individual capacities or on behalf of the Company) not to, directly or indirectly, make or publish any
disparaging statements or remarks about the Executive or his services.. Nothing in this Section shall be construed to limit the ability of Executive or the Company’s officers or members of the Board (in their individual capacities or on behalf
of the Company) to give truthful testimony pursuant to valid legal process, including but not limited to, a subpoena, court order or a government investigative matter, nor is it intended to limit internal communications by the Executive with respect
to oversight of the Company or his subordinates or by the Board with respect to oversight of the Executive. 

(e)    Injunctive Relief. It is impossible to measure in money the damages that will accrue to the Company or any
of its Affiliates in the event that the Executive breaches any of the Restrictive Covenants. In the event that the Executive breaches any such Restrictive Covenant, the Company or any of its Affiliates shall be entitled to an injunction restraining
the Executive from violating such Restrictive Covenant (without posting any bond). If the Company or any of its Affiliates shall institute any action or proceeding to enforce any such Restrictive Covenant, the Executive hereby waives the claim or
defense that the Company or any of its Affiliates has an adequate remedy at law and agrees not to assert in any such action or proceeding the claim or defense that the Company or any of its Affiliates has an adequate remedy at law. The foregoing
shall not prejudice the Company’s or any of its Affiliates’ other 

  
 15 

 
rights or remedies under applicable law or equity. In addition, the Company and the Executive agree that the Executive violates any Restrictive Covenant, the Company may cease payment of the
Severance Payments. 
 13.    WORK PRODUCT. 

(a)    In consideration of the Company’s promises and undertakings in this Agreement, the Executive agrees that all
Work Product will be disclosed promptly by the Executive to the Company, shall be the sole and exclusive property of the Company, and is hereby assigned to the Company, regardless of whether (i) such Work Product was conceived, made, developed
or worked on during regular hours of his employment or his time away from his employment, (ii) the Work Product was made at the suggestion of the Company; or (iii) the Work Product was reduced to drawing, written description,
documentation, models or other tangible form. Without limiting the foregoing, the Executive acknowledges that all original works of authorship that are made by the Executive, solely or jointly with others, within the scope of his employment and that
are protectable by copyright are “works made for hire,” as that term is defined in the United States Copyright Act (17 U.S.C., Section 101), and are therefore owned by the Company from the time of creation. 

(b)    The Executive agrees to assign, transfer, and set over, and the Executive does hereby assign, transfer, and set
over to the Company, all of his right, title and interest in and to all Work Product, without the necessity of any further compensation, and agrees that the Company is entitled to obtain and hold in its own name all patents, copyrights, and other
rights in respect of all Work Product. The Executive agrees to (i) cooperate with the Company during and after his employment with the Company in obtaining patents or copyrights or other intellectual-property protection for all Work Product;
(ii) execute, acknowledge, seal and deliver all documents tendered by the Company to evidence its ownership thereof throughout the world; and (iii) cooperate with the Company in obtaining, defending and enforcing its rights therein. 

(c)    The Executive represents that there are no other contracts to assign inventions or other intellectual property that
are now in existence between the Executive and any other Person. The Executive further represents that he has no other employment or undertakings that might restrict or impair his performance of this Agreement. The Executive will not in connection
with his employment by the Company, use or disclose to the Company any confidential, trade secret, or other proprietary information of any previous employer or other Person that the Executive is not lawfully entitled to disclose. 

14.    POST-TERMINATION OBLIGATIONS. 

For two years following the Term of Employment, the Executive shall, upon reasonable notice, use his reasonable best efforts to assist and
cooperate with the Company and its counsel by providing such information and assistance to the Company as may reasonably be required by the Company at the Company’s expense in connection with any existing or threatened claim, arbitral hearing,
litigation, action or governmental or other investigation involving the conduct of business of the Company or its Affiliates not commenced by the Executive and about which the Executive has knowledge. The Executive’s obligation to cooperate
shall be reasonably limited so as not to unreasonably interfere with his other business or personal obligations and shall in no event exceed five hours per month. 

  
 16 

 15.    ARBITRATION. 

(a)    Any dispute, claim or controversy arising under or in connection with this Agreement or the Executive’s
employment hereunder or the termination thereof, other than injunctive relief under Section 12 hereof but including the arbitrability of the dispute itself, shall be settled exclusively by arbitration administered by the American Arbitration
Association (the “AAA”) and carried out in the Commonwealth of Massachusetts. The arbitration shall be conducted in accordance with the AAA rules governing commercial arbitration in effect at the time of the arbitration, except as
modified herein. There shall be one arbitrator, mutually selected by the Company and the Executive from a list of arbitrators provided by the AAA within thirty (30) days of receipt by respondent of the demand for arbitration. If the Company and
Executive cannot mutually agree on an arbitrator within thirty (30) days, then the parties shall request that the AAA appoint the arbitrator and the arbitrator shall be appointed by the AAA within fifteen (15) days of receiving such
request. The Parties agree that the Federal Arbitration Act, 9 U.S.C. §1 et seq. and the AAA Employment Arbitration Rules shall apply to the interpretation and enforcement of this Agreement. 

(b)    The arbitration shall commence within forty-five (45) days after the appointment of the arbitrator; the
arbitration shall be completed within sixty (60) days of commencement; and the arbitrator’s award shall be made within thirty (30) days following such completion. The parties may agree to extend the time limits specified in the
foregoing sentence. 
 (c)    The arbitrator may award any form of relief permitted under this Agreement and applicable
law, including damages and temporary or permanent injunctive relief, except that the arbitral tribunal is not empowered to award damages in excess of compensatory damages, and each party hereby irrevocably waives any right to recover punitive,
exemplary or similar damages with respect to any dispute. The arbitrator may award attorney’s fees. The award shall be in writing and shall state the reasons for the award. Notwithstanding the foregoing, the Company shall pay all expenses of
any arbitration and, following a Change in Control, all attorneys’ fees incurred by the Executive in connection with a dispute. 

(d)    The decision rendered by the arbitral tribunal shall be final and binding on the parties to this Agreement.
Judgment may be entered in any court of competent jurisdiction. The parties hereto waive, to the fullest extent permitted by law, any rights to appeal to, or to seek review of such award by, any court. The parties hereto further agree to obtain the
arbitral tribunal’s agreement to preserve the confidentiality of the arbitration. 
 16.    LEGAL FEES AND
INDEMNIFICATION. 
 (a)    Except as specifically provided in Sections 8(e) and 15(c), each Party shall bear the cost of
any legal fees and other fees and expenses which may be incurred in connection with the negotiation of, and enforcing its respective rights under, this Agreement. 

(b)    During the Term of Employment and for so long as there exists liability thereafter with regard to the
Executive’s activities during the Term of Employment on behalf of 

  
 17 

 
the Company, the Company shall indemnify the Executive to the fullest extent permitted by applicable law, and shall at the Company’s election provide the Executive with legal representation
or shall advance to the Executive reasonable attorneys’ fees and expenses as such fees and expenses are incurred (subject to an undertaking from the Executive to repay such advances if it shall be finally determined by a judicial decision which
is not subject to further appeal that the Executive was not entitled to the reimbursement of such fees and expenses). 

(c)    During the Term of Employment and for six years thereafter, the Executive shall be entitled to the same
directors’ and officers’ liability insurance coverage that the Company provides generally to its other directors and officers, as may be amended from time to time for such directors and officers. 

17.    ASSIGNABILITY; BINDING NATURE. 

This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors, heirs (in the case of the
Executive) and assigns. Rights or obligations of the Company under this Agreement may be, and may only be, assigned or transferred by the Company pursuant to a merger or consolidation, or the sale or liquidation of all or substantially all of the
assets of the Company, provided that the assignee or transferee is the successor to all or substantially all of the assets of the Company and such assignee or transferee assumes the liabilities, obligations and duties of the Company, as contained in
this Agreement, either contractually or as a matter of law. No rights or obligations of the Executive under this Agreement may be assigned or transferred by the Executive other than his rights to compensation and benefits, which may be transferred
only by will or operation of law, provided that any amount due hereunder to the Executive at the time of his death shall instead be paid to his estate or his designated beneficiary. 

18.    AMENDMENT OR WAIVER. 

No provision in this Agreement may be amended unless such amendment is agreed to in writing and signed by the Executive and an authorized
officer of the Company. No waiver by either Party of any breach by the other Party of any condition or provision contained in this Agreement to be performed by such other Party shall be deemed a waiver of a similar or dissimilar condition or
provision at the same or any prior or subsequent time. Any waiver must be in writing and signed by the Executive or an authorized officer of the Company, as the case may be. 

19.     SECTION 409A. 

(a)    To the extent applicable, this Agreement will be construed to comply, and administered in compliance, with
Section 409A of the Code. 

  
 18 

 (b)    Notwithstanding anything in this Agreement to the contrary, if as of
the Termination Date the Executive is a “specified employee” as defined in Section 409A of the Code and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such termination of
employment is necessary in order to prevent any accelerated or additional tax under Section 409A of the Code, then: 

(i)    the Company will defer the commencement of the payment of any such payments or benefits hereunder
(without any reduction in such payments or benefits ultimately paid or provided to Executive) until the first business day of the seventh month following Termination Date (or the earliest date as is permitted under Section 409A of the Code), or

 (ii)    (A) with respect to the provision of in-kind benefits
hereunder which are otherwise not exempt from the six (6) month delay requirements, during the period beginning on the Termination Date, and ending on the six (6) month anniversary of such date, Executive may be permitted to commence use
of such benefits so long as Executive reimburses the Company, on the last business day of each month, all or part of which occurs during such period, for the amount of any income imputed to Executive under applicable tax rules as a result of any
benefits provided to Executive during such month, and (B) in such event, on the 1st business day of seventh month following the Termination Date, the Company shall make a one-time, lump sum cash payment
to Executive in an amount equal to the payments made by Executive in accordance with Section 19(b)(ii)(A) above, together with interest thereon accruing at the applicable federal rate for instruments of less than one year, and 

(iii)    if any other payments of money or other benefits due to Executive hereunder could cause the
application of an accelerated or additional tax under Section 409A of the Code, such payments or other benefits shall be deferred to the extent that such deferral will make such payment or other benefits compliant under Section 409A of the
Code, or otherwise such payment or other benefits shall be restructured, to the extent possible, in a manner, determined by the Board, that does not cause such an accelerated or additional tax. 

(c)    For purposes of Section 409A of the Code, (i) references herein to the Executive’s Termination Date,
“termination of employment” or like reference shall refer to the Executive’s separation from service with the Company within the meaning of Section 409A of the Code and (ii) the right to a series of installment payments
under this Agreement shall be treated as a right to a series of separate payments. 
 (d)    Notwithstanding anything to
the contrary herein, except to the extent any expense, reimbursement or in-kind benefit provided pursuant to this Agreement does not constitute a “deferral of compensation” within the meaning of
Section 409A of the Code: (x) the amount of expenses eligible for reimbursement or in-kind benefits provided to the Executive during any calendar year will not affect the amount of expenses eligible
for reimbursement or in-kind benefits provided to the Executive in any other calendar year, (y) the Company shall reimburse the Executive for expenses for which he is entitled to be reimbursed on or
before the last day of the calendar year following the calendar year in which the applicable expense is incurred, and (z) the right to payment or reimbursement or in-kind benefits hereunder may not be
liquidated or exchanged for any other benefit. 
 (e)    The Company shall consult with Executive in good faith
regarding the implementation of the provisions of this Section 19; provided that, notwithstanding anything in 

  
 19 

 
this Agreement to the contrary, neither the Company nor any of its Affiliates, employees or representatives shall have any liability to Executive with respect to any tax liabilities imposed on
Executive under Section 409A of the Code. In the event that any changes are made to Section 409A of the Code, this Section 19 shall be deemed amended to the extent necessary to cause this Agreement to comply with such changes to such
law. 
 20.    MODIFIED SECTION 280G CUTBACK. 

(a)    Notwithstanding any other provision of this Agreement, except as set forth in Section 20(b), in the event that
the Company undergoes a “Change in Ownership or Control” (as defined below), the Company shall not be obligated to provide to the Executive a portion of any “Contingent Compensation Payments” (as defined below) that the Executive
would otherwise be entitled to receive to the extent necessary to eliminate any “excess parachute payments” (as defined in Section 280G(b)(1) of the Code) for the Executive. For purposes of this Section 20(a), the Contingent
Compensation Payments so eliminated shall be referred to as the “Eliminated Payments” and the aggregate amount (determined in accordance with Treasury Regulation Section 1.280G-1, Q/A-30 or any successor provision) of the Contingent Compensation Payments so eliminated shall be referred to as the “Eliminated Amount.” 

(b)    Notwithstanding the provisions of Section 20(a), no such reduction in Contingent Compensation Payments shall
be made if (1) the Eliminated Amount (computed without regard to this sentence) exceeds (2) 100% of the aggregate present value (determined in accordance with Treasury Regulation Section 1.280G-1, Q/A-31 and Q/A-32 or any successor provisions) of the amount of any additional taxes that would be incurred by the Executive if the Eliminated Payments (determined without
regard to this sentence) were paid to the Executive (including, state and federal income taxes on the Eliminated Payments, the excise tax imposed by Section 4999 of the Code payable with respect to all of the Contingent Compensation Payments in
excess of the Executive’s “base amount” (as defined in Section 280G(b)(3) of the Code), and any withholding taxes). The override of such reduction in Contingent Compensation Payments pursuant to this Section 20(b) shall be
referred to as a “Section 20(b) Override.” For purpose of this paragraph, if any federal or state income taxes would be attributable to the receipt of any Eliminated Payment, the amount of such taxes shall be computed by multiplying
the amount of the Eliminated Payment by the maximum combined federal and state income tax rate provided by law. Any determination required under this Section shall be made in writing by a third party expert (the “Expert”) that is selected
by the Company, subject to the Executive’s consent (not to be unreasonably conditioned, delayed or withheld), prior to the Change in Ownership or Control and the determinations of such Expert shall be final and binding on all persons. 

(c)    For purposes of this Section 20 the following terms shall have the following respective meanings: 

(i)    “Change in Ownership or Control” shall mean a change in the ownership or effective control
of the Company or in the ownership of a substantial portion of the assets of the Company determined in accordance with Section 280G(b)(2) of the Code. 

  
 20 

 (ii)    “Contingent Compensation Payment” shall
mean any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within
the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company. 

(d)    Any payments or other benefits otherwise due to the Executive following a Change in Ownership or Control that could
reasonably be characterized (as determined by the Expert) as Contingent Compensation Payments (the “Potential Payments”) shall be made within three business days following receipt by the Company of the Expert’s final determination of
(1) which Potential Payments constitute Contingent Compensation Payments, (2) the Eliminated Amount and (3) whether the Section 20(b) Override is applicable (except for any Potential Payments which are not due to be made until
after such date, which Potential Payments shall be made on the date on which they are due). 
 (e)    The Contingent
Compensation Payments to be treated as Eliminated Payments shall be determined by the Expert by determining the “Contingent Compensation Payment Ratio” (as defined below) for each Contingent Compensation Payment and then reducing the
Contingent Compensation Payments in order beginning with the Contingent Compensation Payment with the highest Contingent Compensation Payment Ratio. For Contingent Compensation Payments with the same Contingent Compensation Payment Ratio, such
Contingent Compensation Payment shall be reduced based on the time of payment of such Contingent Compensation Payments with amounts having later payment dates being reduced first. For Contingent Compensation Payments with the same Contingent
Compensation Payment Ratio and the same time of payment, such Contingent Compensation Payments shall be reduced on a pro rata basis (but not below zero) prior to reducing Contingent Compensation Payment with a lower Contingent Compensation Payment
Ratio. The term “Contingent Compensation Payment Ratio” shall mean a fraction the numerator of which is the value of the applicable Contingent Compensation Payment that must be taken into account by the Executive for purposes of
Section 4999(a) of the Code, and the denominator of which is the actual amount to be received by the Executive in respect of the applicable Contingent Compensation Payment. For example, in the case of an equity grant that is treated as
contingent on the Change in Ownership or Control because the time at which the payment is made or the payment vests is accelerated, the denominator shall be determined by reference to the fair market value of the equity at the acceleration date, and
not in accordance with the methodology for determining the value of accelerated payments set forth in Treasury Regulation Section 1.280G-1Q/A-24(b) or (c)). 

(f)    The provisions of this Section 20 are intended to apply to any and all payments or benefits available to the
Executive under this Agreement or any other agreement or plan of the Company under which the Executive receives Contingent Compensation Payments. 

21.    SEVERABILITY. 

In the event that any provision or portion of this Agreement shall be determined to be invalid or unenforceable for any reason, in whole or in
part, the remaining provisions of this Agreement shall be unaffected thereby and shall remain in full force and effect to the fullest extent permitted by law so as to achieve the purposes of this Agreement. 

  
 21 

 22.    SURVIVORSHIP. 

The respective rights and obligations of the Parties hereunder shall survive any termination of this Agreement to the extent necessary to
achieve the intended preservation of such rights and obligations. In particular, the provisions of Sections 11, 12, 13 and 14 shall remain in effect as long as is necessary to give effect thereto. 

23.    REFERENCES. 

In the event of the Executive’s death or a judicial determination of his incompetence, reference in this Agreement to the Executive shall
be deemed, where appropriate, to refer to his beneficiary, estate or other legal representative. 
 24.    GOVERNING
LAW. 
 This Agreement shall be governed in accordance with the laws of the Commonwealth of Massachusetts without reference to its principles
of conflict of laws. 
 25.    WITHHOLDING. 

The Company shall be entitled to withhold from any payment to the Executive any amount of tax withholding required by applicable law at the
times dictated by applicable law. 
 26.    HEADINGS. 

The headings of the sections contained in this Agreement are for convenience only and shall not be deemed to control or affect the meaning or
construction of any provision of this Agreement. 
 27.    NOTICES. 

All notices and other communications required or permitted hereunder shall be in writing and shall be deemed given when (a) delivered
personally, (b) delivered by certified or registered mail, postage prepaid, return receipt requested or (c) delivered by overnight courier (provided that a written acknowledgment of receipt is obtained by the overnight courier) to the
Party concerned at the address indicated below or to such changed address as such Party may subsequently give such notice of: 
 If to
the Company: 
 Endurance International Group Holdings, Inc. 

10 Corporate Drive 
 Suite 300

 Burlington, MA 01803 

Attention: General Counsel 

  
 22 

 If to the Executive, to the most recent address shown on the records of the Company. 

28.    ENTIRE AGREEMENT. 

This Agreement contains the entire understanding and agreement between the Parties concerning the subject matter hereof and supersedes in all
respects any prior agreements, understandings, discussions, negotiations and undertakings, whether written or oral, between the Parties with respect thereto. Under no circumstances shall the Executive be entitled to any other payments or benefits of
any kind, except for the payments and benefits described or referred to herein, unless otherwise agreed to the Company and the Executive in writing. 

29.    COUNTERPARTS. 

This Agreement may be executed in two or more counterparts, each of which will be deemed an original. 

  
 23 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first written
above. 
  

			
	ENDURANCE INTERNATIONAL GROUP HOLDINGS, INC.
		
	By:	 	 /s/ Jim Neary

	Name:	 	Jim Neary
	Title:	 	Director, Chair of the Compensation Committee

  
 [Signature Page for
Employment Agreement] 

	
	EXECUTIVE:
	
	 /s/ Jeffrey H. Fox

	Jeffrey H. Fox

  
 [Signature Page for
Employment Agreement] 

 Schedule I 

Existing Boards of Directors 
 Avis Budget Group,
Inc. 
 Blackhawk Network Holdings, Inc. 
 Convergys
Corporation 

 Schedule II 

Company Competitors 
  

	 	•	 	Digital Ocean, Inc. 

  

	 	•	 	DreamHost Inc. 

  

	 	•	 	Envato 

  

	 	•	 	Flywheel (Fancy Chap, Inc.) 

  

	 	•	 	GoDaddy, Inc. 

  

	 	•	 	Liquid Web, LLC 

  

	 	•	 	MailChimp (The Rocket Science Group, LLC) 

  

	 	•	 	Rackspace Hosting, Inc. 

  

	 	•	 	SiteGround 

  

	 	•	 	Squarespace, Inc. 

  

	 	•	 	United Internet AG/1 and 1 Internet 

  

	 	•	 	Verisign, Inc. 

  

	 	•	 	Web.com, Inc. 

  

	 	•	 	Weebly, Inc. 

  

	 	•	 	Wix, Ltd. 

  

	 	•	 	WPEngine, Inc. 

  

	 	•	 	Yext, Inc.

  

	 	•	 	Subsidiaries of the above companies 

 EXHIBIT A 

Form of Release 

[The
 language in this Release may change, in the discretion of the Company, based on legal developments and to the extent required by applicable law in order to render the release
enforceable.]  

SEPARATION AND RELEASE AGREEMENT 

1.    I, (Insert Name), hereby acknowledge that my employment by Endurance International Group (the
“Company”) has ended as of (Insert Date), (the “Termination Date”). I further acknowledge that I have already received all compensation of any type whatsoever to which I am entitled through my Termination Date from the
Company or from any other “Released Party” (as that term is defined in Paragraph 4 below), including, without limitation, all wages, overtime, bonuses, commissions, and accrued but unused vacation pay. 

2.    Severance Payments. In exchange for the Company’s receipt of this Release, signed by me, [and
provided I do not revoke this Release in the manner specified in Paragraph 14 herein within seven (7) days after signing it,] the Company will provide to me the [severance benefits] (as described in my employment agreement with the Company
dated <DATE> (the “Employment Agreement”) on the terms and conditions set forth therein). I agree and acknowledge that the Severance Payments constitute payments or benefits to which I would not be entitled if I did not sign this
Release. I understand that information will be provided to me about my right to continue health benefits through the Company through the federal law known as COBRA. 

3.    Release of Claims. In consideration of the Severance Payments, I, on behalf of myself, my heirs, assigns,
legal representatives, successors in interest, and any person claiming through me or any of them, hereby completely release and forever discharge all “Released Parties” (as that term is defined in paragraph 4 below) from any and all
claims, demands or liabilities whatsoever, based on any act or omission occurring before my signing of this Release, including, without limitation, any claims, demands or liabilities arising out of my employment with any Released Party or the ending
of such employment. The matters released include, but are not limited to, any claim arising under: Title VII of the Civil Rights Act of 1964; the Federal Civil Rights Act of 1991; the Worker Adjustment and Retraining Notification Act of 1988; the
Americans with Disabilities Act of 1990; the Federal Family and Medical Leave Act of 1993; the Equal Pay Act; the Ralph Civil Rights Act; the Employee Retirement Income Security Act of 1974; the Age Discrimination in Employment Act; the Older
Workers’ Benefit Protection Act; the Massachusetts General Laws; the Massachusetts Fair Employment Practice Act; the Massachusetts Wage Act, Gen. Laws ch. 149, § 148 et seq. (Massachusetts law regarding payment of
wages and overtime); any federal, state or local law, regulation or ordinance regulating wages, hours and working conditions; any action based on any alleged breach of contract, breach of the covenant of good faith and fair dealing, fraud,
fraudulent inducement or any other tort; any violation of public policy or statutory or constitutional rights; any claim for severance pay, bonus or similar benefit, sick leave, pension, retirement, vacation pay, holiday pay, stock options, car
allowance, life insurance, health or medical insurance, or any other fringe 

 benefit; any claim for reimbursement of health or medical costs; and any claim for disability. Notwithstanding
anything in this release to the contrary, this release shall not effect a release of any claim I may have for post-termination rights or benefits under my Employment Agreement, any claim for indemnification from the Company under my Employment
Agreement or otherwise, or for directors’ and officers’ insurance benefits, to the extent set forth in Section 16(c) of my Employment Agreement. 

4.    “Released Parties” Defined. For purposes of this Release, the term “Released Parties”
means the Company, and each of its respective parents, subsidiaries and affiliates, and all of the current and former employees, officers, directors, trustees, agents, representatives, shareholders, attorneys, accountants, partners, insurers,
advisors, partnerships, joint venturers, successors and assigns, employee benefit programs (and the trustees, administrators, fiduciaries and insurers of such programs) of any of them, in their individual and official capacities, and the respective
heirs and personal representatives of any of them, and any other persons acting by, through, under or in concert with any of them. 

5.    Release of Unknown Claims. I understand and agree that this Release extinguishes all claims I have ever had
or now have against any Released Party, whether such claim is currently known or unknown, vested or contingent, foreseen or unforeseen. I understand that if any fact concerning any matter covered by this Release is found hereafter to be other than
or different from the facts I now believe to be true, I expressly accept and assume that this Release shall be and remain effective, notwithstanding such difference in the facts. 

6.    No Claims. Except as permitted hereby, I agree that I will not file, nor encourage or knowingly permit
another to file, any claim, charge, action, or complaint (collectively “Claim”) concerning any matter released herein. If I have previously filed any such Claim, I agree to take all steps necessary to cause it to be withdrawn without
delay; provided, however, that nothing in this Release: (i) prevents me from (a) filing a Claim with, cooperating with, or participating in any proceeding before the Equal Employment Opportunity Commission or a state fair employment
practices agency (except that I acknowledge that I may not recover any monetary benefits in connection with any such Claim, and I agree that if any such Claim is filed on my behalf, I shall take all reasonable steps necessary to refuse any damages
or individualized relief in connection therewith), or (b) communicating with government agencies about possible violations of federal, state, or local laws or otherwise providing information to government agencies or participating in government
agency investigations or proceedings; or (ii) shall limit or restrict my right to (a) challenge the validity of this Release under the ADEA, or (b) prosecute any ADEA claim if such claim arises after I sign this Release, and no
such action on my part shall be deemed to violate this provision or any other provision of this Release.  

7.    Release Confidential. I represent and agree that I will keep the terms of this Release, including the amount
of the Severance Payments, completely confidential, and that I will not disclose such information to anyone, except as follows: (a) to my immediate family and professional representatives (provided they are informed of this confidentiality
provision); (b) to any governmental authority; and (c) in response to subpoena or other legal process, provided that before making such disclosure (other than in response to a subpoena or other process issued by a government agency), I
shall give the Company as much prior notice thereof as practical to enable the Company to seek, at its sole discretion, an appropriate order preventing such disclosure. 

 8.    Continuing Obligations. Except as otherwise permitted by
Section 6 above or my Employment Agreement, I acknowledge and reaffirm my obligation to keep confidential and not to use or disclose any and all non-public information concerning the Company that I
acquired during the course of my employment with the Company, including, but not limited to, any non-public information concerning the Company’s business affairs, business prospects, and financial
condition. I further acknowledge and reaffirm my confidentiality obligations set forth in my Employment Agreement and my continuing obligations with respect to non-competition,
non-solicitation, non-disparagement, and Company work product set forth in Sections 11 and 12 of my Employment Agreement, all of which remain in full force and effect.
The Company acknowledges and reaffirms its obligations with respect to non-disparagement set forth in Section 12(d) of my Employment Agreement. 

9.    Company Affiliation. I agree that, following the Termination Date, I will not hold myself out as an officer,
employee, or otherwise as a representative of the Company, and I agree to update any directory information that indicates I am currently affiliated with the Company. Without limiting the foregoing, I represent and warrant that, within fifteen
(15) days following the Termination Date, I updated (or will update, if such period has not yet expired) any and all social media accounts (including, without limitation, LinkedIn, Facebook, Twitter and Four Square) to reflect that I am no
longer employed by or associated with the Company. 
 10.    Return of Company Property. I confirm that I have
returned to the Company all keys, files, records (and copies thereof), equipment (including, but not limited to, computer hardware, software and printers, flash drives and storage devices, wireless handheld devices, cellular phones, smartphones,
tablets, etc.), Company identification, and any other Company-owned property in my possession or control and have left intact all electronic Company documents, including but not limited to those that I developed or helped to develop during my
employment. I further confirm that I have cancelled all accounts for my benefit, if any, in the Company’s name, including but not limited to, credit cards, telephone charge cards, cellular phone accounts, and computer accounts. 

11.    Entire Agreement. This Release constitutes the entire agreement between the Company and me as to any matter
referred to in this Release. This Release supersedes all other agreements between the Company and me, other than                     . In executing
this Release, I am not relying upon any agreement, representation, written or oral statement, understanding, omission, or course of conduct that is not expressly set forth in this Release. 

12.    Governing Law; Arbitration. This Release shall be governed by and enforced in accordance with the laws of
the Commonwealth of Massachusetts, without regard to its conflicts of law principles. I acknowledge that I previously agreed, pursuant to Section 14 of my Employment Agreement, to arbitrate any claim relating to or arising out of my employment
with the Company, and I acknowledge and affirm that such provision survives my termination from employment with the Company. For clarification, but not limitation, I further acknowledge and agree that any controversy or claim arising out of or in
any way relating to this Release or the breach thereof shall also be settled by final and binding arbitration, consistent with the terms, procedures, and exceptions set forth in Section 14 of the Employment Agreement. I understand and agree
that this arbitration provision shall not apply to claims brought in a court of competent 

 
jurisdiction by either me or any Released Party to compel arbitration under this provision, to enforce an arbitration award or to obtain preliminary injunctive and/or other equitable relief in
support of claims that may be prosecuted in an arbitration by me or any Released Party. 
 13.    Successors and
Assigns. This Release will bind and inure to the benefit of the successors, assigns, heirs and personal representatives of the Released Parties and me. 

14.    Review Period. I acknowledge that prior to signing this Release, I have been advised to consult with an
attorney of my choice to review the Release, and have taken such opportunity to the extent I wish to do so. I further acknowledge that the Company has given me at least twenty-one (21) days to decide
whether I wish to execute this Release. 
 15.    Revocation. I understand that I may revoke this Release at any
time during the seven (7) days after I sign it (the “Last Revocation Day”), and that the Release shall not become effective until the end of that revocation period. I understand and agree that by executing, timely returning, and not
revoking this Release, I am waiving any and all rights or claims I might have under the Age Discrimination in Employment Act, as amended by the Older Workers Benefit Protection Act, and that I have received consideration beyond that to which I was
previously entitled. In the event I choose to revoke the Release, such revocation must be by means of a writing signed by me and delivered within the seven (7) day revocation period as follows: via facsimile or hand-delivery to
[                    ] at Endurance International Group.,
[                    ] or by facsimile number
[                    ]. If I revoke this Release via facsimile, I agree that my facsimile signature will be valid and binding for all purposes. 

16.    Modification in Writing. No provision of this Release may be modified, amended or waived except by a writing
signed by me and an authorized representative of the Company. 
 17.    No Admission of Liability. This Release
shall not at any time or for any purpose be deemed an admission of liability of any kind by any Released Party. This Release may not be used or introduced as evidence in any legal proceeding, except to enforce or challenge its terms. 

18.    Headings. The headings, titles and captions contained in this Release are inserted only for the convenience
of the parties and for reference, and in no way define, limit, extend or describe the scope of this Release or the intent of any provision hereof. 

19.    Severability. If any provision of this Release shall, for any reason, be held by a court or other tribunal
of competent jurisdiction to be invalid, void or unenforceable, in whole or in part, such adjudication shall in no way affect any other provisions of this Release or the validity or enforcement of the remainder of this Release, and any provision
thus affected shall itself be modified only to the extent necessary to bring the provision within the applicable requirements of the law. 

20.    Timely Execution. To receive the Severance Payments, I must sign this Release on or after my Last Day
Worked, and return it to the Company within twenty-one (21) days of my Last Day Worked, as follows: hand delivery or first-class mail to
[                                ] or by facsimile number
[                    ]. 

 
			
	Sincerely,
	
	The Endurance International Group, Inc.
		
	By:	 	                                      
                                         
                
	Its:	 	                                      
                                         
                

 EMPLOYEE’S ACCEPTANCE OF RELEASE 

I have read this Release and I understand all of its terms. I acknowledge and agree that this Release is executed voluntarily, without
coercion, and with full knowledge of its significance. I further acknowledge that I have been given twenty-one (21) days during which to decide whether to execute this Release, and have used that time to
the extent I wish to do so. I understand that my execution of this Release constitutes a full, unconditional general release of any and all known or unknown claims that I may have against any Released Party, despite the fact that I may become aware
of claims in the future which I did not consider prior to signing this Release. 
  

									
	Date:	 	  
	 		 	  

		 		 		 	(Insert Employee Name)EX-4.1

 Exhibit 4.1 
  

 
 VMware, Inc. 

Debt Securities 
 Indenture

 Dated as of [            ] 

The Bank of New York Mellon Trust Company, N.A., 

as Trustee 
  

 

 CROSS-REFERENCE TABLE 

This Cross-Reference Table is not a part of the Indenture 
  

					
	TIA Section	  	Indenture Section	 
		
	 310(a)(1)
	  	 	7.10	 
	 (a)(2)
	  	 	7.10	 
	 (a)(3)
	  	 	N.A.	 
	 (a)(4)
	  	 	N.A.	 
	 (b)
	  	 	7.08; 7.10; 11.02	 
		
	 311(a)
	  	 	7.11	 
	 (b)
	  	 	7.11	 
	 (c)
	  	 	N.A.	 
		
	 312(a)
	  	 	2.05	 
	 (b)
	  	 	11.03	 
	 (c)
	  	 	11.03	 
		
	 313(a)
	  	 	7.06	 
	 (b)(1)
	  	 	N.A.	 
	 (b)(2)
	  	 	7.06	 
	 (c)
	  	 	11.02	 
	 (d)
	  	 	7.06	 
		
	 314(a)
	  	 	4.03; 11.02	 
	 (b)
	  	 	N.A.	 
	 (c)(1)
	  	 	11.04	 
	 (c)(2)
	  	 	11.04	 
	 (c)(3)
	  	 	N.A.	 
	 (d)
	  	 	N.A.	 
	 (e)
	  	 	11.05	 
		
	 315(a)
	  	 	7.01(b)	 
	 (b)
	  	 	7.05; 11.02	 
	 (c)
	  	 	7.01(a)	 
	 (d)
	  	 	7.01(c)	 
	 (e)
	  	 	6.11	 
		
	 316(a)(last sentence)
	  	 	11.06	 
	 (a)(1)(A)
	  	 	6.05	 
	 (a)(1)(B)
	  	 	6.04	 
	 (a)(2)
	  	 	N.A.	 
	 (b)
	  	 	6.07	 
		
	 317(a)(1)
	  	 	6.08	 
	 (a)(2)
	  	 	6.09	 
	 (b)
	  	 	2.04	 
		
	 318(a)
	  	 	11.01	 

 N.A. means Not Applicable. 

  
 i 

 TABLE OF CONTENTS 

This Table of Contents is not a part of the Indenture 
  

							
	ARTICLE ONE	 
	
	DEFINITIONS AND INCORPORATION BY REFERENCE	 
			
	 Section 1.01
	    	 Definitions.
	  	 	- 1 -	 
	 Section 1.02
	    	 Other Definitions.
	  	 	- 3 -	 
	 Section 1.03
	    	 Incorporation by Reference of Trust Indenture Act.
	  	 	- 4 -	 
	 Section 1.04
	    	 Rules of Construction.
	  	 	- 4 -	 
	
	ARTICLE TWO	 
	
	THE SECURITIES	 
			
	 Section 2.01
	    	 Form and Dating.
	  	 	- 4 -	 
	 Section 2.02
	    	 Execution and Authentication.
	  	 	- 6 -	 
	 Section 2.03
	    	 Registrar and Paying Agent.
	  	 	- 7 -	 
	 Section 2.04
	    	 Paying Agent to Hold Money in Trust.
	  	 	- 7 -	 
	 Section 2.05
	    	 Securityholder Lists.
	  	 	- 7 -	 
	 Section 2.06
	    	 Transfer and Exchange.
	  	 	- 8 -	 
	 Section 2.07
	    	 Replacement Securities.
	  	 	- 8 -	 
	 Section 2.08
	    	 Outstanding Securities.
	  	 	- 8 -	 
	 Section 2.09
	    	 Temporary Securities.
	  	 	- 9 -	 
	 Section 2.10
	    	 Cancellation.
	  	 	- 9 -	 
	 Section 2.11
	    	 Defaulted Interest.
	  	 	- 9 -	 
	 Section 2.12
	    	 Treasury Securities.
	  	 	- 9 -	 
	 Section 2.13
	    	 CUSIP/ISIN Numbers.
	  	 	- 9 -	 
	 Section 2.14
	    	 Deposit of Moneys.
	  	 	- 9 -	 
	 Section 2.15
	    	 Book-Entry Provisions for Global Security.
	  	 	- 10 -	 
	 Section 2.16
	    	 No Duty to Monitor.
	  	 	- 11 -	 
	
	ARTICLE THREE	 
	
	REDEMPTION	 
			
	 Section 3.01
	    	 Notices to Trustee.
	  	 	- 11 -	 
	 Section 3.02
	    	 Selection of Securities to be Redeemed.
	  	 	- 12 -	 
	 Section 3.03
	    	 Notice of Redemption.
	  	 	- 12 -	 
	 Section 3.04
	    	 Effect of Notice of Redemption.
	  	 	- 13 -	 
	 Section 3.05
	    	 Deposit of Redemption Price.
	  	 	- 13 -	 
	 Section 3.06
	    	 Securities Redeemed in Part.
	  	 	- 13 -	 
	
	ARTICLE FOUR	 
	
	COVENANTS	 
			
	 Section 4.01
	    	 Payment of Securities.
	  	 	- 13 -	 
	 Section 4.02
	    	 Maintenance of Office or Agency.
	  	 	- 13 -	 
	 Section 4.03
	    	 Compliance Certificate.
	  	 	- 13 -	 
	 Section 4.04
	    	 Waiver of Stay, Extension or Usury Laws.
	  	 	- 14 -	 
	 Section 4.05
	    	 SEC Reports.
	  	 	- 14 -	 

  
 ii 

							
	
	ARTICLE FIVE	 
	
	SUCCESSOR CORPORATION	 
			
	 Section 5.01
	    	 When Company May Merge, etc. 
	  	 	- 14 -	 
	
	ARTICLE SIX	 
	
	DEFAULTS AND REMEDIES	 
	 Section 6.01
	    	 Events of Default.
	  	 	- 15 -	 
	 Section 6.02
	    	 Acceleration.
	  	 	- 16 -	 
	 Section 6.03
	    	 Other Remedies.
	  	 	- 16 -	 
	 Section 6.04
	    	 Waiver of Existing Defaults.
	  	 	- 16 -	 
	 Section 6.05
	    	 Control by Majority.
	  	 	- 16 -	 
	 Section 6.06
	    	 Limitation on Suits.
	  	 	- 16 -	 
	 Section 6.07
	    	 Rights of Holders to Receive Payment.
	  	 	- 17 -	 
	 Section 6.08
	    	 Collection Suit by Trustee.
	  	 	- 17 -	 
	 Section 6.09
	    	 Trustee May File Proofs of Claim.
	  	 	- 17 -	 
	 Section 6.10
	    	 Priorities.
	  	 	- 17 -	 
	 Section 6.11
	    	 Undertaking for Costs.
	  	 	- 18 -	 
	
	ARTICLE SEVEN	 
	
	TRUSTEE	 
			
	 Section 7.01
	    	 Duties of Trustee.
	  	 	- 18 -	 
	 Section 7.02
	    	 Rights of Trustee.
	  	 	- 19 -	 
	 Section 7.03
	    	 Individual Rights of Trustee.
	  	 	- 20 -	 
	 Section 7.04
	    	 Trustee’s Disclaimer.
	  	 	- 20 -	 
	 Section 7.05
	    	 Notice of Defaults.
	  	 	- 20 -	 
	 Section 7.06
	    	 Reports by Trustee to Holders.
	  	 	- 20 -	 
	 Section 7.07
	    	 Compensation and Indemnity.
	  	 	- 21 -	 
	 Section 7.08
	    	 Replacement of Trustee.
	  	 	- 21 -	 
	 Section 7.09
	    	 Successor Trustee by Merger, etc.
	  	 	- 22 -	 
	 Section 7.10
	    	 Eligibility; Disqualification.
	  	 	- 22 -	 
	 Section 7.11
	    	 Preferential Collection of Claims Against Company.
	  	 	- 22 -	 
	
	ARTICLE EIGHT	 
	
	DISCHARGE OF INDENTURE	 
			
	 Section 8.01
	    	 Defeasance upon Deposit of Moneys or Government Obligations; Satisfaction
 and Discharge.
	  	 	- 22 -	 
	 Section 8.02
	    	 Survival of the Company’s Obligations.
	  	 	- 24 -	 
	 Section 8.03
	    	 Application of Trust Money.
	  	 	- 24 -	 
	 Section 8.04
	    	 Repayment to the Company.
	  	 	- 24 -	 
	 Section 8.05
	    	 Reinstatement.
	  	 	- 25 -	 
	
	ARTICLE NINE	 
	
	AMENDMENTS, SUPPLEMENTS AND WAIVERS	 
			
	 Section 9.01
	    	 Without Consent of Holders.
	  	 	- 25 -	 
	 Section 9.02
	    	 With Consent of Holders.
	  	 	- 26 -	 

  
 iii 

							
	 Section 9.03
	    	 Compliance with Trust Indenture Act.
	  	 	- 27 -	 
	 Section 9.04
	    	 Revocation and Effect of Consents.
	  	 	- 27 -	 
	 Section 9.05
	    	 Notation on or Exchange of Securities.
	  	 	- 27 -	 
	 Section 9.06
	    	 Trustee to Sign Amendments, etc.
	  	 	- 27 -	 
	
	ARTICLE TEN	 
	
	SECURITIES IN FOREIGN CURRENCIES	 
			
	 Section 10.01
	    	 Applicability of Article. 
	  	 	- 28 -	 
	
	ARTICLE ELEVEN	 
	
	MISCELLANEOUS	 
			
	 Section 11.01
	    	 Trust Indenture Act Controls.
	  	 	- 28 -	 
	 Section 11.02
	    	 Notices.
	  	 	- 28 -	 
	 Section 11.03
	    	 Communications by Holders with Other Holders.
	  	 	- 29 -	 
	 Section 11.04
	    	 Certificate and Opinion as to Conditions Precedent.
	  	 	- 29 -	 
	 Section 11.05
	    	 Statements Required in Certificate or Opinion.
	  	 	- 29 -	 
	 Section 11.06
	    	 Rules by Trustee and Agents.
	  	 	- 30 -	 
	 Section 11.07
	    	 Governing Law.
	  	 	- 30 -	 
	 Section 11.08
	    	 No Adverse Interpretation of Other Agreements.
	  	 	- 30 -	 
	 Section 11.09
	    	 No Recourse Against Others.
	  	 	- 30 -	 
	 Section 11.10
	    	 Successors and Assigns.
	  	 	- 30 -	 
	 Section 11.11
	    	 Duplicate Originals.
	  	 	- 30 -	 
	 Section 11.12
	    	 Severability.
	  	 	- 30 -	 
	 Section 11.13
	    	 Waiver of Jury Trial.
	  	 	- 30 -	 
	 Section 11.14
	    	 Submission to Jurisdiction.
	  	 	- 30 -	 
	 Section 11.15
	    	 Foreign Account Tax Compliance Act (FATCA).
	  	 	- 31 -	 

 SIGNATURES 
 EXHIBIT A – Form
of Security 

  
 iv 

 INDENTURE dated as of [            ],
(the “Base Indenture”), by and among VMware, Inc., a Delaware corporation (the “Company”) and The Bank of New York Mellon Trust Company, N.A., as trustee (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 Company’s
debt securities issued under this Base Indenture: 
 ARTICLE ONE 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01 Definitions. 

“Affiliate” means, when used with reference to a specified person, any Person directly or indirectly controlling or
controlled by or under direct or indirect common control with the Person specified. 
 “Agent” means any Registrar,
Paying Agent or co-Registrar or agent for service of notices and demands. 
 “Authorizing Resolution” means a
resolution adopted by the Board of Directors or by an Officer or committee of Officers pursuant to Board delegation authorizing a Series of Securities. 

“Bankruptcy Law” means Title 11 of the United States Code, as amended, or any similar federal or state law for the
relief of debtors. 
 “Board of Directors” means either the Board of Directors of the Company or any duly
authorized committee empowered by that Board or the Executive Committee thereof to act with respect to this Indenture. 

“Business Day” means any calendar day that is not a Saturday, Sunday or legal holiday in New York, New York and on
which commercial banks are open for business in New York, New York. 
 “Capital Stock” means, with respect to
any Person, any and all shares, interests, participations or other equivalents (however designated) of or in such Person’s capital stock or other equity interests. 

“Company” means the party named as such in this Indenture until a successor replaces it pursuant to the Indenture and
thereafter means the successor. 
 “control” means, when used with respect to any Person, the power to direct the
management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to
the foregoing. 
 “Default” means any event, act or condition that is, or after notice or the passage of time or
both would be, an Event of Default. 
 “Definitive Security” means a certificated Security registered in the name of
the Securityholder thereof. 
 “Depositary” means, with respect to Securities of any Series which the Company shall
determine will be issued in whole or in part as a Global Security, DTC, another clearing agency, or any successor registered as a clearing agency under the Exchange Act, and any other applicable U.S. or foreign statute or regulation, which, in each
case, shall be designated by the Company pursuant to Section 2.01. 
 “Dollars” and “$” mean
United States Dollars. 
 “DTC” means The Depository Trust Company. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

  
 - 1 - 

 “Foreign Currency” means any currency, currency unit or composite
currency, including, without limitation, the euro, issued by the government of one or more countries other than the United States of America or by any recognized confederation or association of such governments. 

“GAAP” means generally accepted accounting principles set forth in the accounting standards codification of the
Financial Accounting Standards Board or in such other statements by such or any other entity as may be approved by a significant segment of the accounting profession of the United States, as in effect on the date of this Base Indenture. 

“Global Security” means, with respect to any Series of Securities, a Security executed by the Company and delivered by
the Trustee to the Depositary or pursuant to the Depositary’s instruction, all in accordance with the Indenture, which shall be registered in the name of the Depositary or its nominee. 

“Government Obligations” means securities which are (i) direct obligations of the United States or the other
government or governments in the confederation which issued the Foreign Currency in which the principal of or any interest on the Security of the applicable Series shall be payable, in each case 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 or such other government or governments, in each case the payment of which is unconditionally guaranteed as a
full faith and credit obligation by the United States or such other government or governments, which, in either case are not callable or redeemable at the option of the issuer or issuers thereof, and shall also include a depositary receipt issued by
a bank or trust company as custodian with respect to any such Government Obligations or a specific payment of interest on or principal of any such Government Obligation held by such custodian for the account of the holder of a depositary 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 depositary receipt from any amount received by the custodian in respect of the
Government Obligation or the specific payment of interest on or principal of the Government Obligation evidenced by such depositary receipt. 

“Holder” or “Securityholder” means the Person in whose name a Security is registered on the Registrar’s
books. 
 “Indenture” means this Base Indenture as amended or supplemented from time to time, including pursuant to
any Authorizing Resolution or supplemental indenture pertaining to any Series, and including, for all purposes of this instrument and any such Authorizing Resolution or supplemental indenture, the provisions of the TIA that are deemed to be a part
of and govern this Base Indenture and any such Authorizing Resolution or supplemental indenture, respectively. 

“Issue Date” means, with respect to any Series of Securities, the date on which the Securities of such Series are
originally issued under this Indenture. 
 “NYUCC” means the New York Uniform Commercial Code, as in effect from
time to time. 
 “Officer” means the Chairman of the Board, the President, any Vice President, the Treasurer, the
Controller or the Secretary of the Company. 
 “Officers’ Certificate” means a certificate signed by two
Officers or by an Officer and an Assistant Treasurer or an Assistant Secretary of the Company. 
 “Opinion of
Counsel” means a written opinion, in form and substance reasonably satisfactory to the Trustee, from legal counsel. The counsel may be an employee of or counsel to the Company. Each such opinion shall include the statements provided for in
Section 11.05 if and to the extent required by the provisions of such Section. 
 “Person” means any
individual, corporation, limited liability company, partnership, joint venture, trust, unincorporated organization or government or any agency or political subdivision thereof or any other entity of any kind. 

  
 - 2 - 

 “principal” of a debt security means the principal of the security
plus, when appropriate, the premium, if any, on the security. 
 “Property” of any
Person means all types of real, personal, tangible, intangible or mixed property owned by such Person, whether or not included in the most recent consolidated balance sheet of such Person and its Subsidiaries under GAAP. 

“SEC” means the Securities and Exchange Commission or any successor agency performing the duties now assigned to it
under the TIA. 
 “Securities” means any Securities that are issued under this Base Indenture. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Series” means a series of Securities established under this Base Indenture. 

“Subsidiary” of any Person means any corporation or other entity of which a majority of the Capital Stock having
ordinary voting power to elect a majority of the board of directors of such entity or other persons performing similar functions is at the time directly or indirectly owned or controlled by such Person. 

“TIA” means the Trust Indenture Act of 1939, as in effect from time to time, except as otherwise provided herein. 

“Trustee” means the party named as such in this Base Indenture until a successor replaces it pursuant to
this Base Indenture and thereafter means the successor serving hereunder; provided, however, that if at any time there is more than one such Person, “Trustee” as used with respect to the Securities of any Series shall mean
only the Trustee with respect to Securities of that Series. 
 “Trust Officer” means, when used with respect
to the Trustee, any officer within the corporate trust department of the Trustee, including any vice president, assistant vice president, assistant secretary, senior associate, associate, trust officer or any other officer of the Trustee who
customarily performs functions similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the
particular subject and who shall have direct responsibility for the administration of this Indenture. 
 “United
States” means the United States of America. 
 Section 1.02 Other Definitions. 

 

			
	 Term
	  	Defined in Section
	 Agent Members
	  	2.15
	 Base Indenture
	  	Preamble
	 Covenant Defeasance
	  	8.01
	 Custodian
	  	6.01
	 Event of Default
	  	6.01
	 Legal Defeasance
	  	8.01
	 Paying Agent
	  	2.03
	 Payment Default
	  	6.01
	 Registrar
	  	2.03
	 Security Register
	  	2.03
	 Successor
	  	5.01

  
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 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. The following TIA terms used in this Indenture have the following meanings: 
 “Commission” means the SEC. 

“indenture securities” means the Securities of a particular Series. 

“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 or any other obligor on the Securities of a Series. 

All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule
have the meanings so assigned to them. 
 Section 1.04 Rules of Construction. 

Unless the context otherwise requires: 
  

	 	(1)	a term has the meaning assigned to it herein; 

  

	 	(2)	an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP and all accounting determinations shall be made in accordance with GAAP; 

 

	 	(3)	“or” is not exclusive and “including” means “including without limitation”; 

  

	 	(4)	words in the singular include the plural, and in the plural include the singular; 

  

	 	(5)	“herein,” “hereof” and “hereunder,” and other words of similar import, refer to this Indenture as a whole (including any Authorizing Resolution or supplemental indenture relating to the
relevant Series) and not to any particular Article, Section or other subdivision; 

  

	 	(6)	all exhibits are incorporated by reference herein and expressly made a part of this Indenture; and 

  

	 	(7)	any transaction or event shall be considered “permitted by” or made “in accordance with” or “in compliance with” this Indenture or any particular provision thereof if such transaction or
event is not expressly prohibited by this Indenture or such provision, as the case may be. 

 ARTICLE TWO 

THE SECURITIES 
 
Section 2.01 Form and Dating. 
 The aggregate principal amount of Securities that may be issued under this Base
Indenture is unlimited. The Securities may be issued from time to time in one or more Series. Each Series shall be created by an Authorizing Resolution or a supplemental indenture that establishes the terms of the Series, which may include the
following: 
  

	 	(1)	the title of the Series; 

  
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	 	(2)	the aggregate principal amount (or any limit on the aggregate principal amount) of the Series and, if any Securities of a Series are to be issued at a discount from their face amount, the method of computing the
accretion of such discount; 

  

	 	(3)	the interest rate or method of calculation of the interest rate; 

  

	 	(4)	the date from which interest will accrue; 

  

	 	(5)	the record dates for interest payable on Securities of the Series; 

  

	 	(6)	the dates when, places where and manner in which principal and interest are payable; 

  

	 	(7)	the Registrar and Paying Agent; 

  

	 	(8)	the terms of any mandatory (including any sinking fund requirements) or optional redemption by the Company; 

  

	 	(9)	the terms of any redemption at the option of Holders; 

  

	 	(10)	the permissible denominations in which Securities of such Series are issuable, if different from $2,000 and multiples of $1,000 in excess thereof; 

 

	 	(11)	whether Securities of such Series will be issued in registered or bearer form and the terms of any such forms of Securities; 

  

	 	(12)	whether the Securities of the Series shall be issued in whole or in part in the form of a Global Security or Securities, the terms and conditions, if different from those contained in this Base Indenture, upon which
such Global Security or Securities may be exchanged in whole or in part for Definitive Securities; the Depositary for such Global Security or Securities; the form of any legend or legends, if any, to be borne by any such Global Security or
Securities in addition to or in lieu of the legends referred to in Section 2.15; 

  

	 	(13)	the currency or currencies (including any composite currency) in which principal or interest or both may be paid; 

  

	 	(14)	if payments of principal or interest may be made in a currency other than that in which Securities of such Series are denominated, the manner for determining such payments, including the time and manner of determining
the exchange rate between the currency in which such Securities are denominated and the currency in which such Securities or any of them may be paid, and any deletions from or modifications of or additions to the terms of this Indenture to provide
for or to facilitate the issuance of Securities denominated or payable, at the election of the Company or a Holder thereof or otherwise, in a Foreign Currency; 

  

	 	(15)	provisions for electronic issuance of Securities or issuance of Securities of such Series in uncertificated form; 

  

	 	(16)	any Events of Default, covenants, defined terms and/or other terms in addition to or in lieu of those set forth in this Base Indenture; 

 

	 	(17)	whether and upon what terms Securities of such Series may be defeased or discharged if different from the provisions set forth in this Base Indenture; 

 

	 	(18)	the form of the Securities of such Series, which, unless the Authorizing Resolution or supplemental indenture otherwise provides, shall be in the form of Exhibit A; 

  
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	 	(19)	any terms that may be required by or advisable under applicable law; 

  

	 	(20)	the percentage of the principal amount of the Securities of such Series which is payable if the maturity of the Securities of such Series is accelerated in the case of Securities issued at a discount from their face
amount; 

  

	 	(21)	whether Securities of such Series will or will not have the benefit of guarantees and, if applicable, the terms and conditions upon which such guarantees may be subordinated to other indebtedness of the respective
guarantors; 

  

	 	(22)	whether the Securities of such Series are senior or subordinated debt securities, and if subordinated debt securities, the terms of such subordination; 

 

	 	(23)	whether the Securities of the Series will be convertible into or exchangeable for other Securities, common shares or other securities of any kind of the Company or another obligor, and, if so, the terms and conditions
upon which such Securities will be so convertible or exchangeable, including the initial conversion or exchange price or rate or the method of calculation, how and when the conversion price or exchange ratio may be adjusted, whether conversion or
exchange is mandatory, at the option of the holder or at the Company’s option, the conversion or exchange period, and any other provision in relation thereto; 

 

	 	(24)	if there is more than one Trustee or a Trustee other than the Trustee that is a party to this Base Indenture, the identity of the Trustee and, if not the Trustee, the identity of each Security Registrar, Paying Agent or
Authenticating Agent with respect to such Securities; and 

  

	 	(25)	any other terms in addition to or different from those contained in this Base Indenture applicable to such Series. 

All Securities of one Series need not be issued at the same time and, unless otherwise provided, a Series may be reopened for issuances of
additional Securities of such Series pursuant to an Authorizing Resolution, an Officers’ Certificate or in any indenture supplemental hereto. 

The creation and issuance of a Series and the authentication and delivery thereof are not subject to any conditions precedent. 

Section 2.02 Execution and Authentication. 

One Officer 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 Trustee authenticates the Security, the Security
shall nevertheless be valid. 
 A Security shall not be valid until the Trustee manually signs the certificate of authentication on the
Security. The signature shall be conclusive evidence that the Security has been authenticated under this Base Indenture. 
 At any time and
from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series executed by the Company to the Trustee for authentication. Each Security shall be dated the date of its authentication. The
Trustee shall authenticate Securities for original issue upon receipt of, and shall be fully protected in relying upon: 
 (a) An order to
the Trustee signed by an officer of the Company directing the Trustee to authenticate the Securities; 

  
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 (b) a copy of the resolution or resolutions of the Board of Directors in or pursuant to which the
terms and form of the Securities were established, certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect as of the date of such certificate, and if
the terms and form of such Securities are established by an Officers’ Certificate pursuant to general authorization of the Board of Directors, such Officers’ Certificate; 

(c) a supplemental indenture, if any; 

(d) an Officers’ Certificate of the Company delivered in accordance with Section 11.04; and 

(e) an Opinion of Counsel delivered in accordance with Section 11.04, and that states that such Securities, when authenticated and
delivered by Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid and legally binding obligations of the Company, enforceable in accordance with their terms,
subject to bankruptcy, insolvency, reorganization and other laws of general applicability relating to or affecting the enforcement of creditors’ rights and to general equity principles. 

The Trustee shall have the right to decline to authenticate and deliver any Securities under this Section if the Trustee, being advised by
counsel, determines that such action may not lawfully be taken or if the Trustee in good faith shall determine that such action would expose the Trustee to personal liability to existing Holders. 

Section 2.03 Registrar and Paying Agent. 

The Company shall maintain an office or agency where Securities may be presented for registration of transfer or where Securities of a
Series that are convertible or exchangeable may be surrendered for conversion or exchange (“Registrar”), an office or agency where Securities may be presented for payment (“Paying Agent”) and an office or agency
where notices and demands to or upon the Company in respect of the Securities and this Indenture may be served. The Registrar shall keep a register of the Securities and of their transfer and exchange (the “Security Register”). The
Company may have one or more co-Registrars and one or more additional paying agents. The term “Paying Agent” includes any additional paying agent. 

The Company shall enter into an appropriate agency agreement with any Agent not a party to this Base Indenture. The agreement shall implement
the provisions of this Indenture that relate to such Agent. The Company shall promptly notify the Trustee in writing of the name and address of any such Agent and the Trustee shall have the right to inspect the Securities Register at all reasonable
times to obtain copies thereof, and the Trustee shall have the right to rely upon such register as to the names and addresses of the Holders and the principal amounts and certificate numbers thereof. If the Company fails to maintain a Registrar or
Paying Agent or fails to give the foregoing notice, the Trustee shall act as such. 
 The Company initially appoints the Trustee as
Registrar and Paying Agent. 
 Section 2.04 Paying Agent to Hold Money in Trust. 

Each Paying Agent shall hold in trust for the benefit of Securityholders and the Trustee all money held by the Paying Agent for the payment of
principal of or interest on the Securities, and shall notify the Trustee of any default by the Company in making any such payment. If the Company or a Subsidiary acts as Paying Agent, it shall segregate the money and hold it as a separate trust
fund. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon doing so the Paying Agent shall have no further liability for the money. 

Section 2.05 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. If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least five (5) Business Days before each semiannual 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. 

  
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 Section 2.06 Transfer and Exchange. 

Where a Security is presented to the Registrar or a co-Registrar with a request to register a transfer, the Registrar shall register the
transfer as requested if the requirements of Section 8-401(a) of the NYUCC are met and the other provisions of this Section 2.06 are satisfied. Where Securities are presented to the Registrar or a co-Registrar with a request to
exchange them for an equal principal amount of Securities of other denominations, the Registrar shall make the exchange as requested if the same requirements are met. To permit transfers and exchanges, the Trustee shall authenticate Securities at
the Registrar’s request. The Registrar need not transfer or exchange any Security selected for redemption or repurchase, except the unredeemed or repurchased part thereof if the Security is redeemed or repurchased in part, or transfer or
exchange any Securities for a period of 15 days before a selection of Securities to be redeemed or repurchased. Any exchange or transfer shall be without charge, except that the Company may require payment of a sum sufficient to cover any tax or
other governmental charge that may be imposed in relation thereto except in the case of exchanges pursuant to 2.09, 3.06, or 9.05 not involving any transfer. 

Any Holder of a Global Security shall, by acceptance of such Global Security, agree that transfers of beneficial interests in such Global
Security may be effected only through a book entry system maintained by the Holder of such Global Security (or its agent), and that ownership of a beneficial interest in the Security shall be required to be reflected in a book entry. 

Section 2.07 Replacement Securities. 

If the Holder of a Security claims that the Security has been lost, destroyed, mutilated or wrongfully taken, the Company shall issue
and execute a replacement security and, upon written request of any Officer of the Company, the Trustee shall authenticate such replacement Security, provided, in the case of a lost, destroyed or wrongfully taken Security, that the
requirements of Section 8-405 of the NYUCC are met. If any such lost, destroyed, mutilated or wrongfully taken Security shall have matured or shall be about to mature, the Company may, instead of issuing a substitute Security therefor, pay such
Security without requiring (except in the case of a mutilated Security) the surrender thereof. An indemnity bond must be sufficient in the judgment of the Company and the Trustee to protect the Company, the Trustee and any Agent from any loss which
any of them may suffer if a Security is replaced, including the acquisition of such Security by a bona fide purchaser. The Company and the Trustee may charge for its expenses in replacing a Security. 

Section 2.08 Outstanding Securities. 

Securities outstanding at any time are all Securities authenticated by the Trustee except for those cancelled by it and those described in this
Section. A Security does not cease to be outstanding because the Company or one of its Affiliates holds the Security. 
 If a Security is
replaced pursuant to Section 2.07, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that the replaced Security is held by a “protected purchaser” (as such term is defined in the NYUCC). 

If the Paying Agent holds on a redemption date, purchase date or maturity date money sufficient to pay Securities payable on that date, then
on and after that date such Securities cease to be outstanding and interest on them ceases to accrue. 
 Subject to the foregoing provisions
of this Section, each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other
Security. 

  
 - 8 - 

 Section 2.09 Temporary Securities. 

Until definitive Securities are ready for delivery, the Company may prepare and the Trustee shall authenticate 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, upon surrender for
cancellation of the temporary Security, the Company shall execute and the Trustee shall authenticate definitive Securities in exchange for temporary Securities. Until so exchanged, the temporary Securities shall in all respects be entitled to the
same benefits under this Indenture as definitive Securities authenticated and delivered hereunder. 
 Section 2.10
Cancellation. 
 The Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and Paying Agent
shall forward to the Trustee any Securities surrendered to them for registration of transfer, exchange, redemption, purchase or payment. The Trustee and no one else shall cancel and dispose of such cancelled or tendered securities, or retain in
accordance with its standard retention policy, all Securities surrendered for registration of transfer, exchange, redemption, purchase, payment or cancellation. Unless the Authorizing Resolution or supplemental indenture so provides, the Company may
not issue new Securities to replace Securities that it has previously paid or delivered to the Trustee for cancellation. 

Section 2.11 Defaulted Interest. 

If the Company defaults in a payment of interest on the Securities of any Series, it shall pay the defaulted interest plus any
interest payable on the defaulted interest to the persons who are Securityholders of such Series on a subsequent special record date. The Company shall fix such special record date and a payment date which shall be reasonably satisfactory to the
Trustee. At least 15 days before such special record date, the Company shall send to each Securityholder of the relevant Series a notice that states the record date, the payment date and the amount of defaulted interest to be paid. On or before
the date such notice is sent, the Company shall deposit with the Paying Agent money sufficient to pay the amount of defaulted interest to be so paid. The Company may pay defaulted interest in any other lawful manner if, after notice given by the
Company to the Trustee of the proposed payment, such manner of payment shall be deemed practicable by the Trustee. 

Section 2.12 Treasury Securities. 

In determining whether the Holders of the required principal amount of Securities of a Series have concurred in any direction, waiver, consent
or notice, Securities owned by the Company or any of its Affiliates shall be considered as though they are not outstanding, except that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver
or consent, only Securities which a Trust Officer of the Trustee actually knows are so owned shall be so considered. 

Section 2.13 CUSIP/ISIN Numbers. 

The Company in issuing the Securities of any Series may use a “CUSIP” and/or “ISIN” or other similar number, and if
so, the Trustee shall use the CUSIP and/or ISIN or other similar number in notices of redemption or exchange as a convenience to Holders of such Securities; provided that no representation is hereby deemed to be made by the Trustee as to the
correctness or accuracy of any such CUSIP and/or ISIN or other similar number printed in the notice or on such Securities, and that reliance may be placed only on the other identification numbers printed on such Securities. The Company shall
promptly notify the Trustee of any change in any CUSIP and/or ISIN or other similar number. 
 Section 2.14
Deposit of Moneys. 
 Prior to 11:00 a.m. New York City time on each interest payment date and maturity date with respect to each
Series of Securities, the Company shall have deposited with the Paying Agent in immediately available funds money in the applicable currency sufficient to make cash payments due on such interest payment date or maturity date, as the case may be, in
a timely manner which permits the Paying Agent to remit payment to the Holders of such Series on such interest payment date or maturity date, as the case may be. 

  
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 Section 2.15 Book-Entry Provisions for Global Security. 

(a) Any Global Security of a Series initially shall (i) be registered in the name of the Depositary or the nominee of such Depositary,
(ii) be delivered to the Trustee as custodian for such Depositary and (iii) bear any required legends. 
 Members of, or
participants in, the Depositary (“Agent Members”) shall have no rights under this Indenture with respect to any Global Security held on their behalf by the Depositary, or the Trustee as its custodian, or under the Global Security,
and the Depositary may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner of the Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the
Company, the Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of
customary practices governing the exercise of the rights of a Holder of any Security. 
 (b) Transfers of any Global Security shall be
limited to transfers in whole, but not in part, to the Depositary, its successors or their respective nominees. Interests of beneficial owners in the Global Security may be transferred or exchanged for Definitive Securities in accordance with the
rules and procedures of the Depositary. In addition, Definitive Securities shall be transferred to all beneficial owners in exchange for their beneficial interests in a Global Security if (i) the Depositary notifies the Company that it is
unwilling or unable to continue as Depositary for the Global Security and a successor depository is not appointed by the Company within 90 days of such notice or (ii) an Event of Default has occurred and is continuing and the Registrar has
received a request from the Depositary to issue Definitive Securities. 
 (c) In connection with any transfer or exchange of a portion of the
beneficial interest in any Global Security to beneficial owners pursuant to paragraph (b), the Registrar shall (if one or more Definitive Securities are to be issued) reflect on its books and records the date and a decrease in the principal
amount of the Global Security in an amount equal to the principal amount of the beneficial interest in the Global Security to be transferred, and the Company shall execute, and the Trustee shall authenticate and deliver, one or more Definitive
Securities of like Series and amount. 
 (d) In connection with the transfer of an entire Global Security to beneficial owners pursuant to
paragraph (b), the Global Security shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall execute, and the Trustee shall authenticate and deliver, to each beneficial owner identified by the Depositary in
exchange for its beneficial interest in the Global Security, an equal aggregate principal amount of Definitive Securities of the same Series in authorized denominations. 

(e) The Holder of any Global Security may grant proxies and otherwise authorize any person, including Agent Members and persons that may hold
interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the Securities of such Series. 

(f) Unless otherwise provided in the Authorizing Resolution or supplemental indenture for a particular Series of Securities, each Global
Security of such Series shall bear legends in substantially the following forms: 
 “THIS GLOBAL SECURITY IS HELD BY THE
DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE HOLDERS OF BENEFICIAL INTERESTS HEREIN, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE
MAY MAKE ANY SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO THE INDENTURE, (II) THIS GLOBAL SECURITY MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06 OF THE INDENTURE, (III) 

  
 - 10 - 

 
THIS GLOBAL SECURITY MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO THE INDENTURE AND (IV) THIS GLOBAL SECURITY MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN
CONSENT OF THE COMPANY.” 
 “UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE
FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR TO ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A
SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO ISSUER OR ITS AGENT FOR REGISTRATION
OF TRANSFER, EXCHANGE, OR PAYMENT, ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.” 
 Section 2.16 No Duty to Monitor. 

The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under
this Indenture or under applicable law with respect to any transfer of any interest in any Security (including any transfers between or among Agent Members or beneficial owners of interests in any Global Security) other than to require delivery of
such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express
requirements hereof. 
 Neither the Trustee nor any Agent shall have any responsibility for any actions taken or not taken by the
Depositary. 
 ARTICLE THREE 

REDEMPTION 
 
Section 3.01 Notices to Trustee. 
 Securities of a Series that are redeemable prior to maturity shall be redeemable in
accordance with their terms and, unless the Authorizing Resolution or supplemental indenture provides otherwise, in accordance with this Article Three. 

If the Company wants to redeem Securities pursuant to Paragraph 4 of the Securities, it shall notify the Trustee in writing of the
redemption date and the principal amount of Securities to be redeemed. Any such notice may be cancelled at any time prior to notice of such redemption being sent to Holders. Any such cancelled notice shall be void and of no effect. 

If the Company wants to credit any Securities previously redeemed, retired or acquired against any redemption pursuant to Paragraph 5
of the Securities, it shall notify the Trustee of the amount of the credit and it shall deliver any Securities not previously delivered to the Trustee for cancellation with such notice. 

The Company shall give each notice provided for in this Section 3.01 at least 15 days before the notice of any such redemption is
to be delivered to Holders (unless a shorter notice shall be satisfactory to the Trustee). 

  
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 Section 3.02 Selection of Securities to be Redeemed. 

If fewer than all of the Securities of a Series are to be redeemed, the Trustee (or depository, as applicable) shall select the Securities to
be redeemed in a manner that complies with applicable requirements of the Depositary. The selection shall be made from Securities outstanding not previously called for redemption and the party making such selection shall promptly notify the Company
of the serial numbers or other identifying attributes of the Securities so selected. Securities may be selected for redemption portions of the principal of Securities that have denominations larger than the minimum denomination for the Series.
Securities and portions of them selected shall be in amounts equal to a permissible denomination for the Series. Provisions of this Indenture that apply to Securities called for redemption also apply to portions of Securities called for redemption.

 Unless otherwise provided in the Authorizing Resolution or supplemental indenture relating to a Series, if any Security selected for
partial redemption is converted into or exchanged for Common Stock or other securities, cash or other property in part before termination of the conversion or exchange right with respect to the portion of the Security so selected, the converted
portion of such Security shall be deemed (so far as may be) to be the portion selected for redemption. Securities which have been converted or exchanged during a selection of Securities to be redeemed shall be treated by the Trustee as outstanding
for the purpose of such selection. 
 Section 3.03 Notice of Redemption. 

At least 30 days but not more than 60 days before a redemption date, the Company shall mail a notice of redemption by first-class mail, postage
prepaid (or in the case of Global Securities, deliver electronically in accordance with the applicable procedures of the Depositary), to each Holder of Securities to be redeemed. 

The notice shall identify the Securities to be redeemed and shall state: 

 

	 	(1)	the redemption date; 

  

	 	(2)	the redemption price or the formula pursuant to which such price will be calculated; 

  

	 	(3)	if any Security is being redeemed in part, the portion of the principal amount of such Security to be redeemed and that, after the redemption date, upon surrender of such Security, a new Security or Securities in
principal amount equal to the unredeemed portion shall be issued upon cancellation of the original Security; 

  

	 	(4)	in the case of Securities of a Series that are convertible or exchangeable into shares of the Company’s common stock or other securities, cash or other property, the conversion or exchange price or rate, the date
or dates on which the right to convert or exchange the principal of the Securities of such Series to be redeemed will commence or terminate and the place or places where such Securities may be surrendered for conversion or exchange;

  

	 	(5)	the name and address of the Paying Agent; 

  

	 	(6)	that Securities called for redemption must be surrendered to the Paying Agent to collect the redemption price; 

  

	 	(7)	that interest on Securities called for redemption ceases to accrue on and after the redemption date; 

  

	 	(8)	that the Securities are being redeemed pursuant to the mandatory redemption or the optional redemption provisions, as applicable; and 

 

	 	(9)	the CUSIP number and that no representation is hereby deemed to be made be made by the Trustee as to the correctness or accuracy of any such CUSIP and/or ISIN or other similar number printed in the notice or on such
Securities, and that reliance may be placed only on the other identification numbers printed on such Securities. 

  
 - 12 - 

 At the Company’s request, the Trustee shall give the notice of redemption in the
Company’s name and at its expense; provided, however, that the Company shall deliver to the Trustee at least 15 days prior to the date on which notice of redemption is to be sent or such shorter period as may be satisfactory to
the Trustee, an Officers’ Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph. 

Section 3.04 Effect of Notice of Redemption. 

Once notice of redemption is sent, Securities called for redemption become due and payable on the redemption date and at the redemption
price as set forth in the notice of redemption. Upon surrender to the Paying Agent, such Securities shall be paid at the redemption price, plus accrued and unpaid interest to the redemption date. Notices of redemption may be subject to one or
more conditions. In the event that any such conditions are not satisfied the Company may amend or revoke such notice of redemption by sending notice to Securityholders (with a copy to the Trustee) in accordance with the applicable procedures of the
Depository. 
 Section 3.05 Deposit of Redemption Price. 

On or before the redemption date, the Company shall deposit with the Paying Agent immediately available funds in the applicable currency
sufficient to pay the redemption price of and accrued interest 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 Company shall execute and the Trustee shall authenticate for each Holder a new
Security of the same Series equal in principal amount to the unredeemed portion of the Security surrendered. 
 ARTICLE FOUR 

COVENANTS 

Section 4.01 Payment of Securities. 

The Company shall pay the principal of and interest on a Series on the dates, in the currency and in the manner provided in the Securities of
the Series. An installment of principal or interest shall be considered paid on the date it is due if the Paying Agent holds on that date money in the applicable currency designated for and sufficient to pay the installment. 

The Company shall pay interest on overdue principal at the rate borne by the Series; it shall pay interest on overdue installments of interest
at the same rate. 
 Section 4.02 Maintenance of Office or Agency. 

The Company shall maintain the office or agency required under Section 2.03. The Company shall give prior written notice to the
Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such
presentations, surrenders, notices and demands may be made or served at the address of the Trustee. 
 Section 4.03
Compliance Certificate. 
 The Company shall deliver to the Trustee within 120 days after the end of each fiscal year of the
Company an Officers’ Certificate stating whether or not the signers know of any continuing Default by the Company in performing any of its obligations under this Indenture. If they do know of such a Default, the certificate shall describe the
Default. In addition, the Company will notify the Trustee within 5 business days upon the Company’s knowledge of a Default. 

  
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 Section 4.04 Waiver of Stay, Extension or 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 or extension law or any usury law or other law that would prohibit or forgive the Company from paying all or any portion of the principal of or interest on the Securities of any Series as
contemplated herein, wherever enacted, now or at any time hereafter in force, or which may affect the covenants or the performance of this Indenture; and (to the extent that it may lawfully do so) the Company expressly waives all benefit or
advantage of any such law, and covenants that it will not 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 had been enacted. 

Section 4.05 SEC Reports. 

The Company covenants to comply with Section 314 of the Trust Indenture Act. Delivery of such information and documents to the Trustee
under this Section 4.05 is for informational purposes only and the Trustee’s receipt of such shall not constitute actual or constructive notice or knowledge 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). 

ARTICLE FIVE 
 SUCCESSOR
CORPORATION 
 Section 5.01 When Company May Merge, etc. 

The Company will not consolidate with or merge into any other Person (in a transaction in which the Company is not the surviving corporation)
or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of the properties or assets of the Company and its Subsidiaries, taken as a whole, in one or more related transactions, to another Person, unless: 

 

	 	(1)	the Person formed by such consolidation or into which the Company is merged or the Person to which such sale, assignment, transfer, lease, conveyance or other disposition will have been made shall be a corporation,
limited liability company, partnership, trust or other business entity, shall be organized and validly existing under the laws of the United States of America, any State thereof or the District of Columbia and shall expressly assume, 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 premium and interest on all the Securities and the performance and observance of every
covenant of this Indenture on the part of the Company to be performed or observed and the conversion rights shall be provided for in accordance with this Indenture, if applicable, or as otherwise specified in this Indenture, by supplemental
indenture satisfactory in form to the Trustee, executed and delivered to the Trustee, by the Person (if other than the Company) formed by such consolidation or into which the Company shall have been merged or by the Person which shall have acquired
the Company’s assets, and 

  

	 	(2)	immediately after giving effect to such transaction, no Event of Default, and no event which, after notice or lapse of time or both, would become an Event of Default, shall have happened and be continuing; and

  

	 	(3)	the Company or such surviving Person has delivered to the Trustee an Officer’ Certificate and an Opinion of Counsel, each stating that such transaction and, if a supplemental indenture is required in connection
with such transaction, such supplemental indenture comply with this Indenture and that all conditions precedent therein provided for relating to such transaction have been complied with. 

  
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 The foregoing provisions shall not apply to any sale, assignment, transfer, lease, conveyance or
other disposition of assets between or among the Company and any one or more of its Subsidiaries or between or among any one or more of the Company’s Subsidiaries. 

ARTICLE SIX 
 DEFAULTS
AND REMEDIES 
 Section 6.01 Events of Default. 

An “Event of Default” on a Series occurs if, voluntarily or involuntarily, whether by operation of law or otherwise, any of
the following occurs: 
  

	 	(1)	the failure by the Company to pay interest on any Security of such Series when the same becomes due and payable and the continuance of any such failure for a period of 30 days; 

 

	 	(2)	the failure by the Company to pay the principal of any Security of such Series when the same becomes due and payable at maturity, upon acceleration, redemption or otherwise; 

 

	 	(3)	the failure by the Company to comply with any of its agreements or covenants in, or provisions of, the Securities of such Series or this Indenture (as they relate thereto) and such failure continues for the period and
after the notice specified below (except as specified in the applicable supplemental indenture or Authorizing Resolution), which will constitute Events of Default with notice but without passage of time); 

 

	 	(4)	the Company pursuant to or within the meaning of any Bankruptcy Law: 

  

	 	(A)	commences a voluntary case, 

  

	 	(B)	consents to the entry of an order for relief against it in an involuntary case, 

  

	 	(C)	consents to the appointment of a Custodian of it or for all or substantially all of its Property, or 

  

	 	(D)	makes a general assignment for the benefit of its creditors; 

  

	 	(5)	a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

  

	 	(A)	is for relief against the Company as debtor in an involuntary case, 

  

	 	(B)	appoints a Custodian of the Company or a Custodian for all or substantially all of the Property of the Company, or 

  

	 	(C)	orders the liquidation of the Company, and the order or decree remains unstayed and in effect for 60 days. 

A Default as described in subclause (3) above will not be deemed an Event of Default until the Trustee notifies the Company,
or the Holders of at least 25 percent in principal amount of the then outstanding Securities of the applicable Series notify the Company and the Trustee, of the Default and (except in the case of a default with respect to Article Five (or any
other provision specified in the applicable supplemental indenture or Authorizing Resolution)) the Company does not cure the Default within 90 days after receipt of the notice. The notice must specify the Default, demand that it be remedied and
state that the notice is a “Notice of Default.” If such a Default is cured within such time period, it ceases to exist, without any action by the Trustee or any other Person. 

The term “Custodian” means any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy
Law. 

  
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 Section 6.02 Acceleration. 

If an Event of Default (other than an Event of Default with respect to the Company resulting from subclause (4) or
(5) above), shall have occurred and be continuing under the Indenture, the Trustee by notice to the Company, or the Holders of at least 25 percent in principal amount of the Securities of the applicable Series then outstanding by notice
to the Company and the Trustee, may declare all Securities of such Series to be due and payable immediately. Upon such declaration of acceleration, the amounts due and payable on the Securities of such Series will be due and payable immediately. If
an Event of Default with respect to the Company specified in subclauses (4) or (5) above occurs, all amounts due and payable on the Securities of such Series will ipso facto become and be immediately due and payable without
any declaration, notice or other act on the part of the Trustee and the Company or any Holder. 
 Holders of a majority in principal amount
of the then outstanding Securities of such Series may rescind an acceleration with respect to such Series and its consequence (except an acceleration due to nonpayment of principal or interest) if the rescission would not conflict with any judgment
or decree and if all existing Events of Default (other than the non-payment of accelerated principal) have been cured or waived. 
 No such
rescission shall extend to or shall affect any subsequent Event of Default, or shall impair any right or power consequent thereon. 
 
Section 6.03 Other Remedies. 
 If an Event of Default on a Series occurs and is continuing, the Trustee may pursue any
available remedy by proceeding at law or in equity to collect the payment of principal of or interest on the Series or to enforce the performance of any provision in the Securities or this Indenture applicable to the Series. 

The Trustee may maintain a proceeding even if it does not possess any of the Securities or does not produce any of them in the proceeding. A
delay or omission by the Trustee or any Securityholder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is exclusive
of any other remedy. All available remedies are cumulative. 
 Section 6.04 Waiver of Existing Defaults.

 Subject to Section 9.02, the Holders of a majority in principal amount of the outstanding Securities of a Series affected
by a waiver (voting as a class) on behalf of all the Holders of such Series by notice to the Trustee may waive an existing Default on such Series and its consequences. When a Default is waived, it is cured and stops continuing, and any Event of
Default arising therefrom shall be deemed to have been cured; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon. 

Section 6.05 Control by Majority. 

The Holders of a majority in principal amount of the outstanding Securities of a Series may 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 it with respect to such Series. The Trustee, however, may refuse to follow any direction (i) that conflicts with law or this Indenture,
(ii) that, subject to Section 7.01, the Trustee determines is unduly prejudicial to the rights of other Securityholders, (iii) that would involve the Trustee in personal liability, if there shall be reasonable grounds for
believing that adequate indemnity against such liability is not reasonably assured to it, or (iv) if the Trustee shall not have been provided with indemnity satisfactory to it. 

Section 6.06 Limitation on Suits. 

A Securityholder of a Series may not pursue any remedy with respect to this Indenture or the Series unless: 

 

	 	(1)	the Holder gives to the Trustee written notice of a continuing Event of Default on the Series; 

  
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	 	(2)	the Holders of at least 25% of the aggregate principal amount of the outstanding Securities of the Series make a written request to the Trustee to pursue the remedy; 

 

	 	(3)	such Holder or Holders offer to the Trustee indemnity satisfactory to the Trustee against any loss, liability or expense; 

  

	 	(4)	the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and 

  

	 	(5)	no written request inconsistent with such written request shall have been given to the Trustee pursuant to this Section 6.06. 

A Securityholder may not use this Indenture to prejudice the rights of another Holder of Securities of the same Series or to obtain a
preference or priority over another Holder of Securities of the same Series (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such actions or forbearances by such Holder are unduly prejudicial to
another Holder). 
 Section 6.07 Rights of Holders to Receive Payment. 

Notwithstanding any other provision of this Indenture, the right of any Holder to receive payment of principal of and interest on any Security,
on or after the respective due dates expressed in the Security, or to bring suit for the enforcement of any such payment on or after such respective dates, is absolute and unconditional and shall not be impaired or affected without the consent of
the Holder. 
 Section 6.08 Collection Suit by Trustee. 

If an Event of Default in payment of interest or principal specified in Section 6.01(1) or (2) occurs and is
continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company for the whole amount of principal and interest remaining unpaid. 

Section 6.09 Trustee May File Proofs of Claim. 

The Trustee may file such proofs of claim and 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 the Securityholders allowed in any judicial proceedings relative to the Company or its creditors or
Property, and unless prohibited by applicable law or regulation, may vote on behalf of the Holders in any election of a Custodian, and shall be entitled and empowered to collect and receive any moneys or other Property payable or deliverable on any
such claims and to distribute the same and any Custodian in any such judicial proceeding is hereby authorized by each Securityholder to make such payments to the Trustee. Nothing herein shall be deemed to authorize the Trustee to authorize or
consent to or vote for or accept or adopt on behalf of any Securityholder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder or to authorize the Trustee to vote in respect of the
claim of any Securityholder except as aforesaid for the election of the Custodian. 
 Section 6.10
Priorities. 
 If the Trustee collects any money pursuant to this Article with respect to Securities of any Series, it shall pay
out the money in the following order: 
  

	 	First:	to the Trustee, its agents and its counsel for amounts due under Section 7.07; 

  

	 	Second:	to Securityholders of the Series for amounts due and unpaid on the Series for principal and interest, ratably, without preference or priority of any kind, according to the amounts due and payable on the Series for
principal and interest, respectively; and 

  
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	 	Third:	to the Company or as a court of competent jurisdiction shall direct. 

 The Trustee may fix a
record date and payment date for any payment to Securityholders pursuant to this Section 6.10. 

Section 6.11 Undertaking for Costs. 

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 or omitted
by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’
fees and expenses, against any party litigant in the suit, having the due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section does not apply to a suit by the Trustee, a suit by a Holder pursuant to
Section 6.07 or a suit by Holders of more than 10% in principal amount of the Series. 
 ARTICLE SEVEN 

TRUSTEE 

Section 7.01 Duties of Trustee. 

(a) If an Event of Default has occurred and is continuing with respect to Securities of any Series, the Trustee shall, prior to the receipt of
directions from the Holders of a majority in principal amount of the Securities of the Series, exercise its rights and powers and use the same degree of care and skill in their exercise as a prudent man would exercise or use under the circumstances
in the conduct of his own affairs. 
 (b) Except during the continuance of an Event of Default: 

(1) The Trustee need perform only those duties that are specifically set forth in this Indenture and no others and no implied covenants or
obligations shall be read into this Indenture against the Trustee. 
 (2) 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 certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. The Trustee, however, in the
case of certificates or opinions specifically required by any provision hereof to be furnished to it, shall examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture but need not confirm or
investigate the accuracy of mathematical calculations or other facts or matters stated therein. 
 (c) The Trustee may not be relieved from
liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that: 
 (1) This paragraph
does not limit the effect of paragraph (b) of this Section. 
 (2) The Trustee shall not be liable for any error of judgment made
in good faith by a Trust Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts. 
 (3) The Trustee
shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05 or any other direction of the Holders permitted hereunder. 

(d) Every provision of this Indenture that in any way relates to the Trustee is subject to paragraphs (a), (b) and
(c) of this Section. 
 (e) The Trustee may refuse to perform any duty or exercise any right or power unless it receives
indemnity satisfactory to it against any loss, liability or expense. 

  
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 (f) The Trustee shall not be liable for interest on any money received by it except as the
Trustee may agree 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) None of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur financial
liability in the performance of any of its duties or in the exercise of any of its rights or powers, if there shall be reasonable grounds for believing that the repayment of such funds or adequate indemnity against such liability is not reasonably
assured to it. 
 Section 7.02 Rights of Trustee. 

Subject to Section 7.01: 

(a) The Trustee may conclusively rely and shall be fully protected in acting or refraining from acting on any document, resolution,
certificate, instrument, report, or direction believed by it to be genuine and to have been signed or presented by the proper person. The Trustee need not investigate any fact or matter stated in the document, resolution, certificate, instrument,
report, or direction. 
 (b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate or an Opinion of
Counsel or both, which shall conform to Sections 11.04 and 11.05 hereof and containing such other statements as the Trustee reasonably deems necessary to perform its duties hereunder. The Trustee shall not be liable for any action it
takes or omits to take in good faith in reliance on the Officers’ Certificate, Opinion of Counsel or any other direction of the Company permitted hereunder. 

(c) The Trustee may act through agents and shall not be responsible for the misconduct or negligence of any agent appointed with due care. 

(d) The Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and believed by it to be authorized or within
the discretion or rights or powers conferred upon it by this Indenture. 
 (e) The Trustee may consult with counsel of its selection, and the
advice of such counsel or any Opinion of Counsel as to matters of law shall be full and complete authorization and protection in respect of any action taken, omitted or suffered by it hereunder in good faith and in accordance with the advice or
opinion of such counsel. 
 (f) Unless otherwise specifically provided in the Indenture, any demand, request, direction or notice from the
Company shall be sufficient if signed by an Officer of the Company. 
 (g) For all purposes under this Indenture, the Trustee shall not be
deemed to have notice or knowledge of any Event of Default unless written notice of any Event of Default is received by a Trust Officer of the Trustee at its address specified in Section 11.02 hereof and such notice references the
Securities generally, the Company and this Indenture. 
 (h) The Trustee shall be under no obligation to exercise any of the rights or powers
vested in it by this Indenture at the request or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity reasonably satisfactory to the Trustee against the costs,
expenses and liabilities which might be incurred by it in compliance with such request or direction. 
 (i) The Trustee shall not be bound to
make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or
document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to
examine the books, records and premises of the Company, personally or by agent or attorney at the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 

  
 - 19 - 

 (j) In no event shall the Trustee be responsible or liable for special, indirect, punitive or
consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

(k) The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be
indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder. 

(l) The Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles of officers authorized
at such time to take specified actions pursuant to this Indenture. 
 (m) In no event shall the Trustee be responsible or liable for any
failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or
military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable
efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 
 
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 its affiliates with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. The Trustee, however, must comply with 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, the Securities or of any prospectus used to sell the
Securities of any Series; it shall not be accountable for the Company’s use of the proceeds from the Securities; it shall not be accountable for any money paid to the Company, or upon the Company’s direction, if made under and in
accordance with any provision of this Indenture; it shall not be responsible for the use or application of any money received by any Paying Agent other than the Trustee; and it shall not be responsible for any statement of the Company in this
Indenture or in the Securities other than its certificate of authentication. 
 Section 7.05 Notice of
Defaults. 
 If a Default on a Series occurs and is continuing and if it is known to the Trustee, the Trustee shall deliver to each
Securityholder of the Series notice of the Default (which shall specify any uncured Default known to it) within 90 days after the Trustee obtains such knowledge. Except in the case of a default in payment of principal of or interest on a Series, the
Trustee may withhold the notice if and so long as the board of directors of the Trustee, the executive or any trust committee of such directors and/or responsible officers of the Trustee in good faith determine(s) that withholding the notice is in
the interests of Holders of the Series. 
 Section 7.06 Reports by Trustee to Holders. 

Within 60 days after each May 15 beginning with the May 15 following the date of this Base Indenture, the Trustee shall send to each
Securityholder a brief report dated as of such May 15 that complies with TIA § 313(a) (but if no event described in TIA § 313(1) through (8) has occurred within the twelve months preceding the reporting date no report in relation
thereto need be transmitted). The Trustee also shall comply with TIA § 313(b). 
 A copy of each report at the time of its delivery to
Securityholders shall be delivered to the Company and filed by the Trustee with the SEC and each national securities exchange on which the Securities are listed. The Company agrees to notify the Trustee of each national securities exchange on which
the Securities are listed. 

  
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 Section 7.07 Compensation and Indemnity. 

The Company shall pay to the Trustee from time to time reasonable compensation for its services subject to any written agreement between the
Trustee and the Company (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust). The Company shall reimburse the Trustee upon request for all reasonable out-of-pocket expenses
incurred by it. Such expenses shall include the reasonable compensation and expenses of the Trustee’s agents and counsel. The Company shall indemnify the Trustee, its officers, directors, employees and agents and hold it harmless against any
loss, liability or expense incurred or made by or on behalf of it in connection with the administration of this Indenture or the trust hereunder and its duties hereunder including the costs and expenses of defending itself against or investigating
any claim in the premises. The Trustee shall notify the Company promptly of any claim of which it has received written notice and for which it may seek indemnity. The Company need not reimburse any expense or indemnify against any loss or liability
incurred by the Trustee through the Trustee’s, or its officers’, directors’, or employees’ negligence or willful misconduct. 

Unless otherwise provided in any supplemental indenture or Authorizing Resolution relating to any Series, to ensure the Company’s payment
obligations in this Section, the Trustee shall have a claim prior to the Securities of all Series on all money or Property held or collected by the Trustee, except that held in trust to pay principal of or interest on particular Securities. When the
Trustee incurs expenses or renders services in connection with an Event of Default specified in Section 6.01 or in connection with Article Six hereof, the expenses (including the reasonable fees and expenses of its counsel)
and the compensation for services in connection therewith are to constitute expenses of administration under any Bankruptcy Law. Section 7.07 shall survive the discharge of the Indenture or resignation of Trustee. 

Section 7.08 Replacement of Trustee. 

The Trustee may resign with respect to Securities of any or all Series by so notifying the Company 30 days prior to its effectiveness. The
Holders of a majority in principal amount of the outstanding Securities (or of the relevant Series) may remove the Trustee by so notifying the removed Trustee in writing 30 days prior to its effectiveness and may appoint a successor trustee with the
Company’s consent. The Trustee for one or more Series of Securities may be removed by the Company, so long as no Event of Default has occurred and is continuing with respect to such Series. Such resignation or removal shall not take effect
until the appointment by the Securityholders of the relevant Series or the Company as hereinafter provided of a successor trustee and the acceptance of such appointment by such successor trustee. The Company may remove the Trustee and any
Securityholder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee for any or no reason, including if: 
  

	 	(1)	the Trustee fails to comply with Section 7.10 after written request by the Company or any bona fide Securityholder who has been a Securityholder for at least six months; 

 

	 	(2)	the Trustee is adjudged a bankrupt or an insolvent; 

  

	 	(3)	a receiver or other public officer takes charge of the Trustee or its Property; or 

  

	 	(4)	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 with respect to the Securities of the relevant Series. If a successor trustee does not take office within 30 days after the retiring Trustee
resigns or is removed, the retiring Trustee at the expense of the Company, the Company or any Holder 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, upon payment of its charges hereunder, transfer all Property held by it as Trustee to the successor 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 under this Indenture. A successor trustee shall send notice of its succession to each Securityholder. 

  
 - 21 - 

 Section 7.09 Successor Trustee by Merger, etc. 

If the Trustee consolidates with, merges with or into 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. 

Section 7.10 Eligibility; Disqualification. 

This Indenture shall always have a Trustee who satisfies the requirements of TIA § 310(a)(1). The Trustee shall have a combined capital
and surplus of at least $10,000,000 as set forth in its most recent published annual report of condition. The Trustee shall comply with TIA § 310(b). 

Section 7.11 Preferential Collection of Claims Against Company. 

The Trustee shall comply with TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee who has
resigned or been removed shall be subject to TIA § 311(a) to the extent indicated therein. 
 ARTICLE EIGHT 

DISCHARGE OF INDENTURE 
 
Section 8.01 Defeasance upon Deposit of Moneys or Government Obligations; Satisfaction and Discharge. 
 (a) The Company
may, at its option and at any time, elect to have either paragraph (b) or paragraph (c) below be applied to the outstanding Securities of any Series upon compliance with the applicable conditions set forth in
paragraph (d). 
 (b) Upon the Company’s exercise under paragraph (a) of the option applicable to this
paragraph (b) with respect to any Series, the Company shall be deemed to have been released and discharged from its obligations with respect to the outstanding Securities of the Series on the date the applicable conditions set forth
below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by the outstanding Securities of a
Series, which shall thereafter be deemed to be “outstanding” only for the purposes of the Sections and matters under this Indenture referred to in (i) and (ii) below, and the Company shall be deemed to have satisfied all its
other obligations under such Securities and this Indenture insofar as such Securities are concerned, except for the following which shall survive until otherwise terminated or discharged hereunder: (i) the rights of Holders of outstanding
Securities of a Series to receive solely from the trust fund described in paragraph (d) below and as more fully set forth in such paragraph, payments in respect of the principal of and interest on such Securities when such payments
are due and (ii) obligations listed in Section 8.02, subject to compliance with this Section 8.01. The Company may exercise its option under this paragraph (b) with respect to a Series notwithstanding
the prior exercise of its option under paragraph (c) below with respect to the Securities of the Series. 
 (c) Upon the
Company’s exercise under paragraph (a) of the option applicable to this paragraph (c) with respect to a Series, the Company shall be released and discharged from the obligations under any covenant contained in
Article Five and any other covenant contained in or referenced in the Authorizing Resolution or supplemental indenture relating to such Series (to the extent such release and discharge shall not be prohibited thereby), on and after the
date the conditions set forth below are satisfied (hereinafter, “Covenant Defeasance”), and the Securities of such Series shall thereafter be deemed to be not “outstanding” for the purpose of any direction, waiver, consent
or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder. For this purpose, such Covenant Defeasance means
that, with respect to the outstanding Securities of a Series, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason
of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under
Section 6.01(3) or otherwise, but, except as specified above, the remainder of this Indenture and such Securities shall be unaffected thereby. 

  
 - 22 - 

 (d) The following shall be the conditions to application of either paragraph (b) or
paragraph (c) above to the outstanding Securities of the applicable Series: 
 (1) The Company shall have irrevocably deposited
in trust with the Trustee (or another qualifying trustee), pursuant to an irrevocable trust and security agreement in form and substance reasonably satisfactory to the Trustee, money in the currency in which the Securities of such Series are payable
or Government Obligations or a combination thereof in such amounts and at such times as are sufficient, in the opinion of a nationally recognized firm of independent public accountants, to pay the principal of and interest on the outstanding
Securities of such Series to maturity or redemption; provided, however, that the Trustee (or other qualifying trustee) shall have received an irrevocable written order from the Company instructing the Trustee (or other qualifying
trustee) to apply such money or the proceeds of such Government Obligations to said payments with respect to the Securities of such Series to maturity or redemption; 

(2) No Default or Event of Default (other than a Default or Event of Default resulting from non-compliance with any covenant from which the
Company is released upon effectiveness of such Legal Defeasance or Covenant Defeasance pursuant to paragraph (b) or (c) hereof, as applicable) shall have occurred and be continuing on the date of such deposit or result
therefrom; 
 (3) Such deposit will not result in a breach or violation of, or constitute a default under, any other material instrument or
agreement to which the Company or any of any of its Restricted Subsidiaries is a party or by which it or any of their Property is bound; 

(4) (i) In the event the Company elects paragraph (b) hereof, the Company shall deliver to the Trustee an Opinion of Counsel
in the United States, in form and substance reasonably satisfactory to the Trustee, to the effect that (A) the Company has received from, or there has been published by, the Internal Revenue Service a ruling or (B) since the Issue Date
pertaining to such Series, 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 state that, or (ii) in the event the Company elects
paragraph (c) hereof, the Company shall deliver to the Trustee an Opinion of Counsel in the United States, in form and substance reasonably satisfactory to the Trustee, to the effect that, in the case of
clauses (i) and (ii), and subject to customary assumptions and exclusions, 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 the
defeasance contemplated hereby and will be subject to federal income tax in the same amounts and in the same manner and at the same times as would have been the case if such deposit and defeasance had not occurred; 

(5) The Company shall have delivered to the Trustee an Officers’ Certificate, stating that the deposit under
clause (1) 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 or others; and 
 (6) The Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent specified herein relating to the defeasance contemplated by this Section 8.01 have been complied with. 

In the event all or any portion of the Securities of a Series are to be redeemed through such irrevocable trust, the Company must make
arrangements satisfactory to the Trustee, at the time of such deposit, for the giving of the notice of such redemption or redemptions by the Trustee in the name and at the expense of the Company. 

  
 - 23 - 

 (e) In addition to the Company’s rights above under this Section 8.01, the
Company may terminate all of its obligations under this Indenture with respect to a Series, when: 
 (1) All Securities of such Series
theretofore authenticated and delivered (other than Securities which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 2.07 and Securities for whose payment money has theretofore been
deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust) have been delivered to the Trustee for cancellation or all such Securities not theretofore delivered to the Trustee
for cancellation (A) have become due and payable, (B) will become due and payable at maturity within one year or (C) are to be called for redemption within one year 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, and in each such case, the Company has irrevocably deposited or caused to be deposited with the Trustee (or another qualifying trustee) as trust funds in trust
solely for that purpose an amount of money in the currency in which the Securities of such Series are payable or Government Obligations or a combination thereof sufficient, in the opinion of a nationally recognized firm of independent public
accountants, to pay and discharge the entire indebtedness on the Securities of such Series not theretofore delivered to the Trustee for cancellation, for principal of and interest on the Securities of such Series, on the date of such deposit or to
the maturity or redemption date, as the case may be; 
 (2) The Company has paid or caused to be paid all other sums payable hereunder by the
Company; 
 (3) The Company has delivered irrevocable instructions to the Trustee (or such other qualifying trustee), to apply the deposited
money toward the payment of the Securities of such Series at maturity or redemption, as the case may be; and 
 (4) The Company has delivered
to the Trustee an Officers’ Certificate and an Opinion of Counsel, stating that all conditions precedent specified in this Section 8.01(e) relating to the satisfaction and discharge of this Indenture have been complied with. 

Section 8.02 Survival of the Company’s Obligations. 

Notwithstanding the satisfaction and discharge of this Indenture under Section 8.01, the Company’s obligations in Paragraph
8 of the Securities and Sections 2.03 through 2.07, 4.01, 7.07, 7.08, 8.04 and 8.05, however, shall survive until the Securities of an applicable Series are no longer outstanding. Thereafter, the
Company’s obligations in Paragraph 8 of the Securities of such Series and Sections 7.07, 8.04 and 8.05 shall survive (as they relate to such Series) such satisfaction and discharge. 

Section 8.03 Application of Trust Money. 

The Trustee shall hold in trust money or Government Obligations deposited with it pursuant to Section 8.01. It shall apply the
deposited money and the money from Government Obligations in accordance with this Indenture to the payment of principal of and interest on the Securities of the defeased Series. 

Section 8.04 Repayment to the Company. 

The Trustee and the Paying Agent shall promptly pay to the Company upon request any excess money or securities held by them at any time.
The Trustee and the Paying Agent shall pay to the Company upon request any money held by them for the payment of principal or interest that remains unclaimed for two years, provided, however, that the Trustee or such Paying Agent,
before being required to make any such repayment, may at the expense of the Company cause to be published once in a newspaper of general circulation in the City of New York or send to each such Holder notice that such money remains unclaimed and
that, after a date specified therein, which shall not be less than 30 days from the date of such publication or mailing, any unclaimed balance of such money then remaining will be repaid to the Company. After payment to the Company, Securityholders
entitled to the money must look to the Company for payment as general creditors unless applicable abandoned property law designates another person and all liability of the Trustee or such Paying Agent with respect to such money shall cease.

  
 - 24 - 

 Section 8.05 Reinstatement. 

If the Trustee is unable to apply any money or Government Obligations in accordance with Section 8.01 by reason of any legal
proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’s obligations under this Indenture and the Securities relating to the Series
shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.01 until such time as the Trustee is permitted to apply all such money or Government Obligations in accordance with Section 8.01;
provided, however, that (a) if the Company has made any payment of interest on or principal of any Securities of the Series because of the reinstatement of its obligations hereunder, the Company shall be subrogated to the rights
of the Holders of such Securities to receive such payment from the money or Government Obligations held by the Trustee and (b) unless otherwise required by any legal proceeding or any order or judgment of any court or governmental authority,
the Trustee shall return all such money or Government Obligations to the Company promptly after receiving a written request therefor at any time, if such reinstatement of the Company’s obligations has occurred and continues to be in effect.

 ARTICLE NINE 

AMENDMENTS, SUPPLEMENTS AND WAIVERS 
 
Section 9.01 Without Consent of Holders. 
 The Company and the Trustee may amend or supplement this Indenture or the
Securities of a Series without notice to or consent of any Securityholder of such Series: 
  

	 	(1)	to cure any ambiguity, omission, defect or inconsistency; 

  

	 	(2)	to comply with Article Five; 

  

	 	(3)	to provide that specific provisions of this Indenture shall not apply to a Series not previously issued or to make a change to specific provisions of this Indenture that only applies to any Series not previously issued
or to additional Securities of a Series not previously issued; 

  

	 	(4)	to create a Series and establish its terms; 

  

	 	(5)	to provide for uncertificated Securities in addition to or in place of certificated Securities; 

  

	 	(6)	to release a guarantor in respect of any Series which, in accordance with the terms of this Indenture applicable to the particular Series, ceases to be liable in respect of its guarantee; 

 

	 	(7)	to add a guarantor in respect of any Series; 

  

	 	(8)	to secure any Series; 

  

	 	(9)	to comply with requirements of the SEC in order to effect or maintain the qualification of this Indenture under the TIA; 

  

	 	(10)	to make any change that would provide any additional rights or benefits to holders of any Series of Securities; 

  

	 	(11)	to make any other change that does not materially adversely affect the rights of Securityholders; and 

  

	 	(12)	to conform the provisions of the Indenture to the final offering memorandum in respect of any Series. 

  
 - 25 - 

 After an amendment under this Section 9.01 becomes effective, the Company shall send
notice of such amendment to the Securityholders. 
 Section 9.02 With Consent of Holders. 

The Company and the Trustee may amend or supplement this Indenture or the Securities of a Series without notice to any Securityholder of such
Series but with the written consent of the Holders of at least a majority in principal amount of the outstanding Securities of each Series affected by the amendment (voting as a class) (including consents obtained in connection with a purchase of,
or tender offer or exchange offer for, Securities of such Series). The Holders of a majority in principal amount of the outstanding Securities of each Series affected by a waiver (voting as a class) may waive compliance by the Company with any
provision of the Securities of each such Series or of this Indenture relating to each such Series without notice to any Securityholder (including any waiver granted in connection with a purchase of, or tender offer or exchange offer for, Securities
of such Series). Without the consent of each Holder of a Security affected thereby, however, an amendment, supplement or waiver, including a waiver pursuant to Section 6.04, may not: 

(1) reduce the amount of Securities of the relevant Series whose Holders must consent to an amendment, supplement or waiver; 

(2) reduce the rate of or extend the time for payment of interest, including defaulted interest, on any Security; 

(3) reduce the principal of or extend the fixed maturity of any Security or alter the provisions (including related definitions) with respect
to redemption of any Security pursuant to Article Three hereof or with respect to any obligations on the part of the Company to offer to purchase or to redeem Securities of a Series pursuant to the Authorizing Resolution or supplemental
indenture pertaining to such Series (it being understood that only the consent of the Holders of a majority of the principal amount of the applicable Series of Securities will be required in connection with the waiver or modification of any
obligation by the Company to make an offer to purchase the Securities of such Series as a result of a change of control prior to the occurrence of a change of control); 

(4) make any change that adversely affects any right of a Holder to convert or exchange any Security into or for shares of the Company’s
common stock or other securities, cash or other property in accordance with the terms of such Security; 
 (5) modify the ranking or priority
of the Securities of the relevant Series or any guarantee thereof; 
 (6) release any guarantor of any Series from any of its obligations
under its guarantee or this Indenture otherwise than in accordance with the terms of this Indenture; 
 (7) make any change in Sections
6.04, 6.07 or this Section 9.02; 
 (8) waive a continuing Default or Event of Default in the payment of the principal
of or interest on any Security; or 
 (9) make any Security payable at a place or in money other than that stated in the Security, or impair
the right of any Securityholder to bring suit as permitted by Section 6.07. 
 An amendment of a provision included solely for
the benefit of one or more Series does not affect the interests of Securityholders of any other Series. 
 It shall not be necessary for the
consent of the Holders under this Section to approve the particular form of any proposed supplement, but it shall be sufficient if such consent approves the substance thereof. 

  
 - 26 - 

 Section 9.03 Compliance with Trust Indenture Act. 

Every amendment to or supplement of this Indenture or any Securities shall comply with the TIA as then in effect. 

Section 9.04 Revocation and Effect of Consents. 

A consent to an amendment, supplement or waiver by a Holder shall bind 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. Unless otherwise provided in the consent or the consent solicitation statement or other document describing
the terms of the consent, any Holder or subsequent Holder may revoke the consent as to its Security or portion of a Security. Any revocation of a consent by the Holder of a Security or any such subsequent Holder shall be effective only if the
Trustee receives the notice of revocation before the date on which the Trustee receives an Officers’ Certificate from the Company certifying that the requisite number of consents have been received. 

The Company may, but shall not be obligated to, fix a record date for the purpose of determining the Holders of Securities of any Series
entitled to consent to any amendment, supplement or waiver, which record date shall be at least 10 days prior to the first solicitation of such consent. If a record date is fixed, and if Holders otherwise have a right to revoke their consent under
the consent or the consent solicitation statement or other document describing the terms of the consent, then notwithstanding the second to last sentence of the immediately preceding paragraph, those Persons who were Holders at such record date (or
their duly designated proxies), and only those Persons, shall be entitled to revoke any consent previously given, whether or not such Persons continue to be Holders after such record date. No such consent shall be valid or effective for more than 90
days after such record date. 
 An amendment, supplement or waiver with respect to a Series becomes effective upon the (i) receipt by
the Company or the Trustee of the requisite consents, (ii) satisfaction of any conditions to effectiveness as set forth in this Indenture or any indenture supplemental hereto containing such amendment, supplement or waiver and
(iii) execution of such amendment, supplement or waiver (or the related supplemental indenture) by the Company and the Trustee. After an amendment, supplement or waiver with respect to a Series becomes effective, it shall bind every Holder of
such Series, unless it makes a change described in any of clauses (1) through (9) of Section 9.02, in which case, the amendment, supplement or waiver shall bind a Holder of a Security who is affected thereby only
if it has consented to such amendment, supplement or waiver and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security; provided that no such waiver shall impair or
affect the right of any Holder to receive payment of principal of and interest on a Security, on or after the respective due dates expressed in such Security, or to bring suit for the enforcement of any such payment on or after such respective dates
without the consent of such Holder. 
 Section 9.05 Notation on or Exchange of Securities. 

If an amendment, supplement or waiver changes the terms of a Security, the Company may require the Holder of the Security to deliver it to the
Trustee, at which time the Trustee shall 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 in exchange for the Security shall
issue and the Trustee shall authenticate a new Security that reflects the changed terms. 
 Section 9.06 Trustee
to Sign Amendments, etc. 
 Subject to Section 7.02(b), the Trustee shall sign any amendment, supplement or waiver
authorized pursuant to this Article if the amendment, supplement or waiver does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee may but need not sign it. In signing or refusing to sign such
amendment or supplemental indenture, the Trustee shall be provided with and shall be fully protected in relying upon, an Officers’ Certificate and an Opinion of Counsel as conclusive evidence that such amendment, supplement or waiver is
authorized or permitted by this Indenture, and (solely with respect to such Opinion of Counsel) that it will be valid and binding upon the Company and enforceable in accordance with its terms. 

  
 - 27 - 

 ARTICLE TEN 

SECURITIES IN FOREIGN CURRENCIES 
 
Section 10.01 Applicability of Article. 
 Whenever this Indenture provides for (i) any action by, or the
determination of any of the rights of, Holders of Securities of any Series in which not all of such Securities are denominated in the same currency, or (ii) any distribution to Holders of Securities, in the absence of any provision to the
contrary pursuant to this Indenture or the Securities of any particular Series, any amount in respect of any Security denominated in a Foreign Currency shall be treated for any such action or distribution as that amount of Dollars that could be
obtained for such amount on such reasonable basis of exchange and as of the record date with respect to Securities of such Series (if any) for such action, determination of rights or distribution (or, if there shall be no applicable record date,
such other date reasonably proximate to the date of such action, determination of rights or distribution) as the Company may specify in a written notice to the Trustee or, in the absence of such written notice, as the Trustee may determine. 

ARTICLE ELEVEN 

MISCELLANEOUS 
 
Section 11.01 Trust Indenture Act Controls. 
 If any provision of this Indenture limits, qualifies or conflicts with
another provision which is required to be included in this Indenture by the TIA, the required provision shall control. 

Section 11.02 Notices. 

Any order, consent, notice or communication shall be sufficiently given if in writing and delivered in person or mailed by first class mail,
postage prepaid, or delivered by commercial courier service, addressed as follows: 
 if to the Company: 

VMware, Inc. 

3401 Hillview Avenue 

Palo Alto, California 94304 

Attention: Chief Financial Officer 

if to the Trustee: 

The Bank of New York Mellon Trust Company, N.A. 

400 South Hope Street, Suite 500 

Los Angeles, California 90071 

Attention: Corporate Trust Unit 

The Company or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or communications.

 Any notice or communication mailed to a Securityholder shall be mailed to him by first class mail, or delivered by commercial courier
service, at his address as it appears on the registration books of the Registrar, or, in the case of Global Securities sent electronically in accordance with the procedures of the Depositary, and shall be sufficiently given to him if so sent within
the time prescribed. 
 Failure to send a notice or communication to a Securityholder or any defect in it shall not affect its sufficiency
with respect to other Securityholders. If a notice or communication is sent in the manner provided above, it is duly given, whether or not the addressee receives it except that notice to the Trustee shall only be effective upon receipt thereof by
the Trustee. 

  
 - 28 - 

 If the Company sends notice or communications to the Securityholders, it shall send a copy to the
Trustee at the same time. 
 In addition to the foregoing, the Trustee agrees to accept and act upon notice, instructions or directions
pursuant to this Indenture sent by unsecured e-mail, facsimile transmission or other similar unsecured electronic methods. If the party elects to give the Trustee e-mail or facsimile instructions (or instructions by a similar electronic method) and
the Trustee in its discretion elects to act upon such instructions, the Trustee’s understanding of such instructions shall be deemed controlling. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly
from the Trustee’s reliance upon and compliance with such instructions notwithstanding such instructions conflict or are inconsistent with a subsequent written instruction. The party providing electronic instructions agrees to assume all risks
arising out of the use of such electronic methods to submit instructions and directions to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk of interception and misuse by third
parties. 
 Notwithstanding any other provision of this Indenture or any Security, where this Indenture or any Security provides for notice
of any event to a Holder of a Global Security (whether by mail or otherwise), such notice shall be sufficiently given if given to the Depositary (or its designee) pursuant to the standing instructions from the Depositary or its designee. 

Section 11.03 Communications by Holders with Other Holders. 

Securityholders may communicate pursuant to TIA § 312(b) with other Securityholders with respect to their rights under this Indenture or
the Securities. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c). 

Section 11.04 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: 
  

	 	(1)	an Officers’ Certificate (which shall include the statements set forth in Section 11.05) stating that, in the opinion of the signers (who may rely upon an Opinion of Counsel with respect to matters of
law), all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and 

  

	 	(2)	an Opinion of Counsel (which shall include the statements set forth in Section 11.05) stating that, in the opinion of such counsel (who may rely upon an Officers’ Certificate or certificates of public
officials as to matters of fact), all such conditions precedent and covenants, compliance with which constitutes a condition precedent, if any, provided for in this Indenture relating to the proposed action or inaction, have been complied with.

 Section 11.05 Statements Required in Certificate or Opinion. 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include: 

 

	 	(1)	a statement that the person making such certificate or opinion has read such covenant or condition; 

  

	 	(2)	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; 

  
 - 29 - 

	 	(3)	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 

  

	 	(4)	a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with. 

Section 11.06 Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or a meeting of Securityholders. The Registrar or Paying Agent may make reasonable rules
for its functions. 
 Section 11.07 Governing Law. 

The laws of the State of New York shall govern this Indenture and the Securities of each Series. 

Section 11.08 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 11.09 No Recourse Against Others.

 All liability described in Paragraph 12 of the Securities of any director, officer, employee or stockholder, as such, of the
Company is, to the fullest extent permitted by applicable law, waived and released. 
 Section 11.10 Successors
and Assigns. 
 All covenants and agreements of the Company in this Indenture and the Securities shall bind its successors and
assigns. All agreements of the Trustee in this Indenture shall bind its successors and assigns. 
 Section 11.11
Duplicate Originals. 
 The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but
all of them together represent the same agreement. Signatures of the parties hereto transmitted by facsimile or other electronic transmission shall be deemed to be their original signatures for all purposes. 

Section 11.12 Severability. 

In case any one or more of the provisions contained in this Indenture or in the Securities of a Series shall for any reason be held to be
invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Indenture or of such Securities. 

Section 11.13 Waiver of Jury Trial. 

EACH OF THE COMPANY, THE HOLDERS AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL
RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE TRANSACTION CONTEMPLATED HEREBY. 
 
Section 11.14 Submission to Jurisdiction. 
 The Company hereby irrevocably submits to the jurisdiction of any New
York State court sitting in the Borough of Manhattan in the City of New York or any federal court sitting in the Southern District in the Borough of Manhattan in the City of New York in respect of any suit, action or proceeding arising out of or
relating to this Indenture and the Securities, and irrevocably accepts for itself and in respect of its property, generally and unconditionally, jurisdiction of the aforesaid courts. 

  
 - 30 - 

 Section 11.15 Foreign Account Tax Compliance Act (FATCA). 

The Company agrees (i) to provide to the Trustee sufficient information about holders or other applicable parties and/or transactions
(including any modification to the terms of such transactions) as it has in its possession to enable the Trustee to determine whether any payments pursuant to the Indenture are subject to the withholding requirements described in
Section 1471(b) of the Code or otherwise imposed pursuant to Sections 1471 through 1474 of the Code and any regulations or agreements thereunder or official interpretations thereof (“Applicable Law”), and (ii) that the Trustee
shall be entitled to make any withholding or deduction from payments under the Indenture to the extent necessary to comply with Applicable Law. The terms of this section shall survive the termination of this Indenture. 

  
 - 31 - 

 SIGNATURES 

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

 

			
	VMware, Inc.

 
			
		
	By: 	 	 

 
			
	Name:	 	
	Title:	 	

  

			
	The Bank of New York Mellon Trust Company, N.A., as Trustee

 
			
		
	By: 	 	 

 
			
	Name:	 	
	Title:	 	

 EXHIBIT A 
  

			
	No.                         	  	CUSIP/ISIN No.:                 

 [Title of Security] 

VMware, Inc. 
 a Delaware
corporation 
 promises to pay to
                                         
                                         
                                         
  or registered assigns the principal sum of
                                         
                                         
                                       [Dollars]* on
                                         
               . 
 Interest Payment Dates:
                                         
                and
                                         
                
 Record Dates:
                                         
                and
                                         
                
 Authenticated:
                                         
               
                                Dated:
                                         
                
  

			
	VMware, Inc.

 
			
		
	By: 	 	 

 
			
	Name:	 	
	Title:	 	

  

			
	
[                          
          ],
 as Trustee, certifies that this is one of the Securities

referred to in the within mentioned Indenture.

		
	By:	 	 
		 	Authorized Signatory

  

	*	Or other currency. Insert corresponding provisions on reverse side of Security in respect of foreign currency denomination or interest payment requirement. 

  
 A-1 

 VMware, Inc. 

[Title of Security] 

VMware, Inc., a Delaware corporation (together with its successors and assigns, the “Company”), issued this Security
under an Indenture dated as of
                                        ,
(as amended, modified or supplemented from time to time in accordance therewith, the “Base Indenture”), as supplemented by the Supplemental Indenture dated as of
                                        ,
(the “Supplemental Indenture” and together with the Base Indenture, the “Indenture”), by and among the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (in such capacity, the
“Trustee”), to which reference is hereby made for a statement of the respective rights, obligations, duties and immunities thereunder of the Company, the Trustee and the Holders and of the terms upon which the Securities are, and
are to be, authorized and delivered. All terms used in this Security that are defined in the Indenture shall have the meanings assigned to them therein. 

1. Interest. The Company promises to pay interest on the principal amount of this Security at the rate per annum shown above.
The Company will pay interest semiannually on
                                        
and
                                        
of each year, commencing
                                        ,
            , until the principal is paid or made available for payment. Interest on the Securities will accrue from the most recent date to which interest has been paid or duly
provided for or, if no interest has been paid, from
                                        ,
            , provided that, if there is no existing default in the payment of interest, and if this Security is authenticated between a record date referred to
on the face hereof and the next succeeding interest payment date, interest shall accrue from such interest payment date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 

2. Method of Payment. The Company will pay interest on the Securities (except defaulted interest, if any, which will be paid on
such special payment date to Holders of record on such special record date as may be fixed by the Company) to the persons who are registered Holders of Securities at the close of business on the [Insert record dates] immediately preceding the
interest payment date. Holders must surrender Securities to a Paying Agent to collect principal payments. The Company will pay principal and interest in money of [Insert applicable country or currency] that at the time of payment is legal tender for
payment of public and private debts. 
 3. Paying Agent and Registrar. Initially, the Trustee will act as Paying Agent
and Registrar. The Company may change or appoint any Paying Agent, Registrar or co-Registrar without notice. The Company or any of its Subsidiaries or any of their Affiliates may act as Paying Agent, Registrar or co-Registrar. 

4. Optional Redemption.1 The Company may redeem the Securities at any time
on or after
                                        ,
in whole or in part, at its option, prior to
                                    , at a redemption price as
calculated by the Company equal to the greater of: 
  

	 	•	 	100% of the principal amount of the Securities to be redeemed; or 

  

	 	•	 	the sum of the present values of the remaining scheduled payments of principal and interest thereon that would be due [on the maturity date][if the Securities of such series matured on
                                    ] (exclusive of interest
accrued to the date of redemption), discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the then current Treasury Rate plus
         basis points, 

 plus, in each case, accrued and unpaid interest, if any, on the amount
being redeemed to, but excluding the date of redemption. 
 Notice of redemption will be sent at least 30 but not more than 60 days before
the redemption date to each holder of record of the Securities to be redeemed at its registered address. The notice of redemption for the Securities will state, among other things, the series and amount of Securities to be redeemed, the redemption
date, 
  

	1 	 If applicable. 

  
 A-2 

 
the redemption price and the place or places that payment will be made upon presentation and surrender of Securities to be redeemed. Unless we default in the payment of the redemption price,
interest will cease to accrue on any Securities that have been called for redemption at the redemption date. If fewer than all of the Securities are to be redeemed at any time, not more than 45 days prior to the redemption date, the particular
Securities or portions thereof for redemption from the outstanding Securities not previously called shall be selected in accordance with the procedures of DTC. The Trustee shall have no obligation to calculate any redemption price or premium. 

5. Mandatory Redemption.2 The Company shall redeem
[            ]% of the aggregate principal amount of Securities originally issued under the Indenture on each of
[                        ], which redemptions are calculated to retire
[            ]% of the Securities originally issued prior to maturity. Such redemptions shall be made at a redemption price equal to 100% of the principal amount thereof, together
with accrued interest to the redemption date. The Company may reduce the principal amount of Securities to be redeemed pursuant to this Paragraph 5 by the principal amount of any Securities previously redeemed, retired or acquired,
otherwise than pursuant to this Paragraph 5, that the Company has delivered to the Trustee for cancellation and not previously credited to the Company’s obligations under this Paragraph 5. Each such Security shall be
received and credited for such purpose by the Trustee at the redemption price and the amount of such mandatory redemption payment shall be reduced accordingly. 

6. Denominations, Transfer, Exchange. The Securities are in registered form only without coupons in denominations of
                                    3 and integral multiples of
                                     in excess thereof.4 A Holder may transfer or exchange Securities by presentation of such Securities to the Registrar or a co-Registrar with a request to register the transfer or to exchange them for an equal principal
amount of Securities of other denominations. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. The
Registrar need not transfer or exchange any Security selected for redemption or purchase, except the unredeemed or unpurchased part thereof if the Security is redeemed or purchased in part, or transfer or exchange any Securities for a period of 15
days before a selection of Securities to be redeemed or purchased. 
 7. Persons Deemed Owners. The registered Holder of this
Security shall be treated as the owner of it for all purposes. 
 8. Unclaimed Money. Subject to any applicable abandoned
property law, the Trustee and the Paying Agent shall pay to the Company upon written request any money held by them for the payment of principal or interest that remains unclaimed for two years, and thereafter, Holders entitled to the money must
look to the Company for payment as general creditors. 
 9. Amendment, Supplement, Waiver. Subject to certain
exceptions, the Indenture or the Securities may be amended or supplemented with the consent of the Holders of at least a majority in principal amount of the outstanding Securities of each Series affected by the amendment and any past default or
compliance with any provision relating to any Series of the Securities may be waived in a particular instance with the consent of the Holders of a majority in principal amount of the outstanding Securities of such Series.5 Without the consent of any Securityholder, the Company and the Trustee may amend or supplement the Indenture or the Securities in certain respects as specified in the Indenture. 

10. Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities and
the Indenture, the predecessor corporation will be released from those obligations. 
  

	2 	If applicable. 

  

	3 	Insert applicable denominations and multiples. 

  

	4 	Insert applicable denominations and multiples. 

  

	5 	If different terms apply, insert a brief summary thereof. 

  
 A-3 

 11. Trustee Dealings With Company. Subject to certain limitations imposed by the
TIA, the Trustee under the Indenture, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Company or its affiliates, and may otherwise deal with the Company or its affiliates, as if it were
not Trustee, including owning or pledging the Securities. 
 12. 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
Holder 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. The waiver may not be effective to waive liabilities under the federal securities laws.

 13. Discharge of Indenture. The Indenture contains certain provisions pertaining to defeasance and discharge, which
provisions shall for all purposes have the same effect as if set forth herein. 
 14. Authentication. This Security
shall not be valid until an authorized signatory of the Trustee signs the certificate of authentication on the other side of this Security. 

15. Abbreviations. Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in
common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= custodian), and U/G/M/A (= Uniform Gift to Minors Act). 

16. GOVERNING LAW. THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 17. CUSIP and ISIN Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Company has caused CUSIP and ISIN numbers to be printed on the Securities and has directed the Trustee to use CUSIP and ISIN numbers in notices of repurchase as a convenience to Holders. No representation is made as to
the accuracy of such numbers either as printed on the Securities or as contained in any notice of repurchase and reliance may be placed only on the other identification numbers placed thereon. 

18. Copies. The Company will furnish to any Holder upon written request and without charge a copy of the Indenture and the
applicable Authorizing Resolution or supplemental indenture. Requests may be made to: VMware, Inc., 3401 Hillview Avenue, Palo Alto, California 94304, Attention: [Chief Financial Officer]. 

  
 A-4 

 ASSIGNMENT FORM 

If you the Holder want to assign this Security, fill in the form below: 

I or we assign and transfer this Security to
                                         
                                         
                                       (insert
assignee’s social security or tax ID number) 
  

	
	  

	
	  

	
	  

	
	  

	(Print or type assignee’s name, address, and zip code)

 and irrevocably appoint
                                         
                                         
                                         
                                         
     agent to transfer this Security on the books of the Company. The agent may substitute another to act for him. 
  

					
			
	Date:
                                         
               	 		 	   

		 		 	 Your signature
 (Sign exactly as your name
appears on the other side
 of this Security)

  

	
	Signature Guarantee:
	
	   

  
 A-5

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